Federal Register #SR-NYSE-2026-39

SEC Notice of Immediate Effectiveness of Proposed Rule Change to NYSE Rule 7.18 Regarding Trading Halts

This notice from the Securities and Exchange Commission (SEC) addresses a proposed rule change by the New York Stock Exchange LLC (NYSE) regarding trading halts: - Regulatory context: - SEC is the government agency overseeing securities regulation - NYSE is the entity proposing the rule change - Rule amendment details: - The change corrects an error in Rule 7.18 concerning Reverse Stock Split Halt - Restores original language from Rule 123D to clarify halt timing - Specifies that trading halts for reverse stock splits occur before the end of post-market trading on other markets - Removes reference to a 'Late Trading Session,' which does not exist on NYSE - Purpose and impact: - Ensures clarity for market participants - Protects investors by standardizing halt procedures - No procurement activity: - No products, services, OEMs, or vendors are being requested - This is a regulatory update, not a solicitation or award

Description

The Securities and Exchange Commission (SEC) has filed a proposed rule change with the New York Stock Exchange (NYSE) to amend Rule 7.18 concerning trading halts. The amendment corrects an error in the rule text related to the definition of Reverse Stock Split Halt, reverting to the original language used before the rule was transposed. The change is intended to eliminate confusion regarding the timing of trading halts for securities undergoing reverse stock splits. The rule change is effective immediately upon filing to protect investors and maintain market clarity.

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