Federal Register #SR-NYSETEX-2026-31

Regulatory Notice: Proposed Rule Change for Trading Halt Procedures by NYSE Texas, Inc.

This notice from the Securities and Exchange Commission (SEC) addresses a proposed rule change by NYSE Texas, Inc. regarding trading halt procedures for securities affected by corporate actions. - Government buyer: - Securities and Exchange Commission (SEC) - NYSE Texas, Inc. (regulated entity submitting the rule change) - No OEMs or vendors are involved; this is a regulatory action, not a procurement opportunity. - Products/services requested: - No products or services are being procured. - The notice pertains to amendments in trading halt procedures for securities impacted by corporate actions such as: - Trading symbol changes - CUSIP number changes - Dividends - Stock splits (forward and reverse) - De-SPAC transactions - Spin-offs - Security-type changes - Mergers - Other issuer-related events - Unique or notable requirements: - Establishes operational safeguards for halting and resuming trading in a nearly continuous (23/5) trading environment - Trading halts will occur before overnight trading begins - Trading resumes with a Trading Halt Auction at 8:00 a.m. ET on the effective date - Aims for uniformity and transparency across primary listing markets - References similar frameworks adopted by NYSE Arca, Inc. and other exchanges - No procurement activity, contract value, or product/service line items are present in this notice.

Description

The Securities and Exchange Commission (SEC) has filed a notice regarding a proposed rule change by NYSE Texas, Inc. to amend Rule 7.18 concerning trading halts. The amendment sets specific requirements for halting and resuming trading in securities subject to certain corporate actions such as trading symbol changes, changes in CUSIP, dividends, stock splits, de-SPAC transactions, spin-offs, security-type changes, mergers, and other issuer-related events. The rule change aims to provide operational safeguards and ensure coordinated processing in a nearly continuous trading environment, particularly with the introduction of 23/5 trading hours. Trading halts would be implemented before overnight trading and resume with a Trading Halt Auction at 8:00 a.m. ET on the effective date of the corporate action.

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