Federal Register #SR-NYSE-2026-50

SEC seeks comments on proposed NYSE changes to clearly erroneous trade reviews

The SEC is seeking public comments on a proposed NYSE rule change concerning review of potentially erroneous trades. - Government agency: U.S. Securities and Exchange Commission (SEC). - Filing organization: New York Stock Exchange LLC (NYSE), which proposes amendments to NYSE Rule 7.10. - Other organizations mentioned: FINRA and other national securities exchanges are expected to file similar proposals. - Proposed changes: Reorganize and clarify definitions, identify circumstances when trades may be reviewed, and clarify review procedures. - Additional rule topics: Address overnight price-band protections and revise certain review deadlines, including one related to T+1 settlement. - Purpose of notice: The SEC is inviting comments on whether the proposed changes are consistent with the Securities Exchange Act. - Procurement status: This is a regulatory notice, not a procurement opportunity; no products, services, quantities, or part numbers are requested.

Description

The notice concerns the New York Stock Exchange LLC’s proposed amendment to Rule 7.10, which governs clearly erroneous executions. The proposal would reorganize and revise rule provisions addressing when transactions may be reviewed, review procedures, and related definitions. It also proposes changes concerning overnight price bands and certain review timelines, including an 8:30 a.m. Eastern Time deadline in light of T+1 settlement. The SEC is soliciting comments on the proposed rule change.

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