Opportunity
Federal Register #SR-NASDAQ-2026-057
SEC Notice: Nasdaq Rule Change for Regulatory Halts on Corporate Actions and Issuer Events
Buyer
Securities and Exchange Commission
Posted
July 13, 2026
Identifier
SR-NASDAQ-2026-057
This notice from the Securities and Exchange Commission (SEC) addresses a proposed rule change by The Nasdaq Stock Market LLC regarding regulatory halts for corporate actions and issuer events. - Government Buyer: - Securities and Exchange Commission (SEC) - OEM/Vendor Mentioned: - The Nasdaq Stock Market LLC (Nasdaq) - Key Details: - Amendment to Nasdaq Rule 4120 to specify requirements for halting and resuming trading in securities affected by corporate actions and issuer-related events - Covered events include trading symbol changes, CUSIP changes, dividends, stock splits (forward and reverse), De-SPAC transactions, spin-offs, security-type changes, and mergers - Mandatory regulatory halts will be implemented before the Night Session, with trading resuming via the Nasdaq Halt Cross - The rule aims to provide operational safeguards and transparency in a nearly continuous trading environment (23 hours a day, 5 days a week) - Emphasis on coordinated processing and reference-data updates to mitigate operational risks and promote fair and orderly trading - No products, services, or purchase quantities are requested - This is not a procurement or award notice
Description
The Securities and Exchange Commission (SEC) issued a notice regarding Nasdaq's proposed rule change to amend Rule 4120. The amendment sets specific requirements for halting and resuming trading in securities subject to certain corporate actions and issuer-related events, such as trading symbol changes, CUSIP changes, dividends, stock splits, De-SPAC transactions, spin-offs, security-type changes, and mergers. The rule change aims to provide operational safeguards and transparency in a nearly continuous trading environment (23 hours a day, 5 days a week) by implementing mandatory regulatory halts before the start of the Night Session and resuming trading with a Nasdaq Halt Cross. This proposal is intended to mitigate operational risks and promote fair and orderly trading.