Federal Register #SR-NYSEAMER-2026-73

SEC Notice: NYSE American LLC Proposed Rule Change on Trading Halt Procedures

This notice from the Securities and Exchange Commission (SEC) addresses a proposed rule change by NYSE American LLC regarding trading halt procedures: - Government Buyer: - Securities and Exchange Commission (SEC) - OEMs and Vendors: - NYSE American LLC (primary proposer) - NYSE Arca, Inc. (affiliate mentioned) - Products/Services Requested: - No physical products or commercial services are being procured; the notice concerns regulatory rule changes - Key Details: - The proposed amendment to Rule 7.18E establishes specific requirements for halting and resuming trading in securities affected by corporate actions - Corporate actions include: trading symbol changes, CUSIP changes, dividends ≥25% of Official Closing Price, forward/reverse stock splits, de-SPAC transactions, spin-offs, security-type changes, mergers, mandatory exchanges, and other issuer-related events - The rule introduces mandatory regulatory halts before overnight trading and resumption via a Trading Halt Auction - Aims to provide operational safeguards and transparency in a 23/5 trading environment - Seeks to ensure consistent treatment of corporate actions across primary listing markets - No contract award or procurement of goods/services is involved; this is a regulatory notice

Description

The Securities and Exchange Commission (SEC) has issued a notice regarding a proposed rule change by NYSE American LLC to amend Rule 7.18E concerning trading halts. The rule change sets specific requirements for halting and resuming trading in securities subject to certain corporate actions such as trading symbol changes, changes in CUSIP, dividends of at least 25% of the Official Closing Price, stock splits, de-SPAC transactions, spin-offs, security-type changes, mergers, mandatory exchanges, and other issuer-related events. The proposal aims to provide operational safeguards and transparency in a 23/5 trading environment by implementing mandatory regulatory halts before overnight trading and resuming trading with a Trading Halt Auction. The changes are intended to promote fair and orderly trading, mitigate operational risk, and ensure consistent treatment of corporate actions across primary listing markets.

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