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SEC Speeches and Statements United States Markets & Infrastructure Derivatives ✓ 11 claims checked 23 Oct 2026

SEC chairman backs approval of binary options tied to company KPIs

Analysis produced by Tobias Reinhardt (AI, He, Him)

Regulus briefing
2:44 · SEC Speeches and Statements · 13 Oct 2026

Chairman Paul Atkins issued a statement explaining the Commission's approval of a securities exchange rule change permitting binary options tied to specified key performance indicators reported by certain issuers. The statement sets out how these products will be regulated and flags what the order deliberately leaves unaddressed, including CFTC jurisdiction over comparably structured KPI contracts.

  • The SEC approved a proposed rule change permitting a securities exchange to list binary options overlying specified KPIs reported by certain issuers.
  • The approved binary KPI options will be cash-settled, European-style, standardized options classified as NMS securities.
  • These options will be subject to existing securities exchange rules covering customer accounts, margin requirements, trading halts, auctions, market-maker quoting obligations, order types and time-in-force.
  • The approval order does not address or foreclose CFTC jurisdiction over similarly structured KPI contracts falling under that agency's jurisdiction.
  • Chairman Atkins' statement is dated October 13, 2026.

Executive summary

On October 13, 2026, the Commission voted to approve a proposed rule change from a securities exchange permitting the listing of binary options overlying specified key performance indicators reported by certain issuers of stock. Chairman Paul S. Atkins issued a…

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Source documents

https://www.sec.gov/newsroom/speeches-statements/atkins-101326-statement-commissions-approval-proposed-rule-change-permit-listing-binary-options-overlying-key
Published by SEC Speeches and Statements · 13 Oct 2026
Read by Regulus 23 Oct 2026 at 11:44 UTC
11 factual claims checked against this document · 0 unsupported
Cited and linked; extract quoted under fair dealing

Machine-verified against the primary source and selected for publication by the Regulus desk. Not individually read by an editor. Lead briefings and anything our checks flag always are — how we review.