Federal Register #SR-NasdaqTX-2026-047

SEC notice on Nasdaq Texas proposed changes to clearly erroneous transaction rules

This SEC notice seeks public comments on a proposed Nasdaq Texas rule change, not on a purchase of products or services. - Government agency: Securities and Exchange Commission (SEC). - Proposing organization: Nasdaq Texas, LLC. The notice says other national securities exchanges and FINRA are expected to submit similar proposals. - Proposed change: Amend Equity 11, Rule 11890, which covers review of clearly erroneous transactions. - Extend limits on clearly erroneous transaction reviews to Overnight Protected Hours, covering overnight trading with price-band protections. - Clarify review procedures and numerical guidelines for transactions in stocks not covered by the Limit Up-Limit Down (LULD) Plan. - Procurement status: No products or services, quantities, part numbers, or vendors supplying goods are identified.

Description

Nasdaq Texas, LLC proposes to amend Equity 11, Rule 11890, which governs clearly erroneous transactions, in light of the SEC’s approval of overnight price band protections for 23/5 trading. The proposed changes extend certain limits on clearly erroneous review to Overnight Protected Hours and clarify review procedures for transactions in stocks not subject to the LULD Plan. The changes are proposed to become operative when 23/5 Trading commences, scheduled industry-wide for December 6, 2026. The notice invites comments on the proposed rule change by November 3, 2026.

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