Federal Register #SR-CboeBZX-2026-071

SEC Notice: Proposed Rule Change by Cboe BZX Exchange, Inc. for Trading Halt Procedures

This notice from the Securities and Exchange Commission (SEC) concerns a proposed rule change by Cboe BZX Exchange, Inc. to improve trading halt procedures for securities affected by corporate actions. - Government Buyer: - Securities and Exchange Commission (SEC) - Vendor/Proposer: - Cboe BZX Exchange, Inc. - OEMs: - No OEMs or manufacturers are involved; this is a regulatory action - Products/Services Requested: - Amendment to Exchange Rule 11.29 - Service: Implementation of mandatory regulatory halts for securities impacted by corporate actions - Corporate actions include: trading symbol changes, CUSIP changes, stock 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 - Trading halts to occur after the After Hours Trading Session and before 9:00 p.m. ET on the day before the corporate action's effective date - Trading resumes via a Halt Auction at 8:00 a.m. ET on the effective date - Unique/Notable Requirements: - Mandatory regulatory halt framework for 23/5 Trading environment - Coordinated processing to ensure orderly trading and prevent market disruptions - No procurement of goods or services; this is a regulatory update - No part numbers, quantities, or contract value are specified as this is not a procurement opportunity.

Description

The Securities and Exchange Commission (SEC) has filed a notice regarding a proposed rule change by Cboe BZX Exchange, Inc. to amend Exchange Rule 11.29 concerning trading halts. The proposed rule change sets forth specific requirements for halting and resuming trading in securities subject to certain corporate actions such as trading symbol changes, changes in CUSIP, stock dividends of at least 25% of the Official Closing Price, forward and reverse stock splits, De-SPAC transactions, spin-off transactions, security-type changes, mergers/mandatory exchanges, and other issuer-related events. The rule aims to provide a mandatory regulatory halt framework to ensure coordinated processing and orderly trading in a 23/5 Trading environment, with trading resuming via a Halt Auction at 8:00 a.m. ET on the market effective date of the corporate action.

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