Federal Register #SR-PHLX-2026-39

SEC Notice: Nasdaq PHLX LLC Proposed Rule Change to Remove Obsolete Tick Size Pilot Text

This notice concerns a proposed regulatory update by the Securities and Exchange Commission (SEC) regarding Nasdaq PHLX LLC. - The SEC is the government agency involved - Nasdaq PHLX LLC is the self-regulatory organization referenced - The notice addresses a proposed rule change to delete obsolete rule text from the Nasdaq PHLX rulebook - The obsolete text relates to the completed Tick Size Pilot program - No products, services, OEMs, or vendors are being procured or requested - The notice is strictly regulatory and seeks public comments on the proposed change - The intent is to clarify and update the rulebook by removing outdated provisions

Description

The Securities and Exchange Commission has published a notice regarding the filing and immediate effectiveness of a proposed rule change by Nasdaq PHLX LLC. The rule change involves deleting obsolete rule text related to the now-completed Tick Size Pilot program. The notice includes details about the agency, docket IDs, publication, and links to full text documents. The purpose is to remove outdated rules to avoid confusion and provide clarity to market participants. The rule change is effective immediately and comments are solicited by July 14, 2026.

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