Federal Register #SR-NASDAQ-2026-062

Nasdaq Rule Change: Free Public Access to Corporate Actions Data

This SEC notice details a proposed rule change by The Nasdaq Stock Market LLC to make corporate actions data freely available to all market participants. - Government buyer: - Securities and Exchange Commission (SEC) - OEMs and vendors mentioned: - The Nasdaq Stock Market LLC - New York Stock Exchange (for comparison) - Products/services requested: - No procurement of products or services; this is a regulatory change - Notable requirements and highlights: - Removal of fees for Daily List and Fundamental Data reports - Corporate actions information (new listings, delistings, trading symbol changes, dividend announcements, and other issuer-provided data) will be made public at least fifteen minutes before official dissemination - Ensures equal and timely access to market data for all participants - Aims to eliminate competitive advantage in data distribution - No contract, award, or procurement activity is involved; this is a market data access rule change

Description

This notice announces a proposed rule change by The Nasdaq Stock Market LLC to amend Equity 7, Section 122. The amendment involves removing the Daily List and Fundamental Data fees from the Nasdaq rulebook and making certain corporate actions information publicly available free of charge at least fifteen minutes before it is disseminated via the Daily List. The proposal aims to eliminate Nasdaq's competitive advantage by ensuring all market participants have equal access to the information, which includes corporate actions such as new listings, delistings, dividend announcements, and other issuer-provided data. The rule change is intended to promote fair competition and protect investors by providing timely and equitable access to market data.

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