Federal Register #SR-LTSE-2026-20

SEC Notice of Proposed LTSE Rule Change for Alternative Member Payment Instructions

This SEC notice concerns a proposed Long-Term Stock Exchange rule change, not a purchase of products or services. - Government agency: U.S. Securities and Exchange Commission (SEC), which published the notice and invited public comment. - Entity proposing the change: Long-Term Stock Exchange, Inc. (LTSE), a securities exchange. - Proposed change: LTSE would be able, upon request, to waive the requirement that members and applicants provide a National Securities Clearing Corporation (NSCC) clearing account number and approve alternative instructions for direct-debit payment of exchange fees and other amounts owed. - Notable condition: LTSE could require an NSCC clearing account number if repeated collection attempts using the alternative instructions fail. - Procurement status: No products, services, quantities, part numbers, vendors, or OEMs are identified; no contract value or period of performance applies.

Description

Long-Term Stock Exchange, Inc. proposes to amend LTSE Rule 15.120, which governs collection of exchange fees and other claims. The change would allow the Exchange, upon request, to waive the requirement for members and applicants to provide a National Securities Clearing Corporation (NSCC) clearing account number and instead approve alternative payment instructions for direct debit collection. The Exchange would retain the right to require an NSCC clearing account number if repeated collection attempts using the alternative instructions fail. The filing became effective upon filing, and the Commission invited public comments by October 26, 2026.

View original listing