Federal Register #SR-NASDAQ-2026-085

SEC notice on Nasdaq’s proposed amendments to Rule 5740 information-circular requirements

This SEC notice describes a proposed Nasdaq rule change for information provided about certain securities traded under unlisted trading privileges. - Government agency: U.S. Securities and Exchange Commission (SEC). - Organization proposing the change: The Nasdaq Stock Market LLC; the proposal is similar to one filed by Cboe BZX Exchange, Inc. - Proposed changes: Remove a duplicative information-circular requirement for certain derivative securities; update rule references and numbering; and revise how a written description is provided when required by the listing exchange. - The written description would be in a form approved by the listing exchange or prepared by the issuing open-end management company, as required by that exchange. - Procurement status: This is a regulatory notice, not a procurement for products or services. No products, quantities, or contract value are identified.

Description

The notice concerns Nasdaq's proposed amendments to Rule 5740, which governs trading of certain derivative securities listed on another national securities exchange and traded on Nasdaq under unlisted trading privileges. The proposal would remove Nasdaq's requirement to distribute a duplicative information circular before trading begins, update rule cross-references, and revise when and how a written description must be provided. It also includes renumbering and other technical changes. The Securities and Exchange Commission designated the proposed rule change operative upon filing and invited comments through November 3, 2026.

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