Federal Register #SR-GEMX-2026-18

Regulatory Exemption for Non-Domiciled CDLs and Nasdaq GEMX Market Data Product Amendment

This notice provides updates on regulatory actions by federal agencies impacting transportation and financial market data products. - Government Buyers: - Federal Motor Carrier Safety Administration (FMCSA), Department of Transportation - Securities and Exchange Commission (SEC) - OEMs and Vendors: - No Original Equipment Manufacturers (OEMs) or commercial vendors are involved; actions are regulatory in nature - Products/Services Requested: - FMCSA: Five-year exemption for all State Drivers Licensing Agencies to issue non-domiciled Commercial Driver's Licenses (CDLs) or Commercial Learner's Permits (CLPs) to citizens of the Freely Associated States (Federated States of Micronesia, Republic of the Marshall Islands, Republic of Palau) residing in the U.S. - Hawaii Department of Transportation's request to issue standard CDLs/CLPs to these citizens was denied - Nasdaq GEMX, LLC: Amendment to the GEMX Trade Outline market data product - Renaming the product to GEMX Trade Outline - Adding Market Makers as a trade origin type - Revising End of Day data categories to align with other Nasdaq markets (e.g., Nasdaq MRX, Nasdaq Texas, Nasdaq PHLX) - Unique or Notable Requirements: - FMCSA exemption is limited to non-domiciled CDLs/CLPs for Freely Associated States citizens; does not extend to standard CDLs/CLPs - Nasdaq GEMX changes are intended to standardize data offerings and improve transparency across Nasdaq exchanges - No procurement of goods or services, no part numbers, and no purchase quantities are specified

Description

This notice announces a proposed rule change by Nasdaq GEMX, LLC to amend the description and contents of its Trade Outline products. The amendments include renaming the product to GEMX Trade Outline, adding Market Makers as a trade origin type, and revising the categories of information provided in the End of Day data. The changes aim to align GEMX's product with comparable products from other Nasdaq markets, providing more detailed market activity insights and enhancing transparency for investors.

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