Federal Register #SR-NYSEARCA-2026-103

SEC notice on NYSE Arca proposed trading-halt and ETP auction rule changes

The Securities and Exchange Commission (SEC) issued a regulatory notice seeking comments on proposed NYSE Arca trading-rule changes. - Government agency: Securities and Exchange Commission (SEC); no purchasing office or sub-agency is identified. - Filer: NYSE Arca, Inc. - Proposal: Amend NYSE Arca Rules 7.18-E and 7.35-E to clarify when Initial Listing Regulatory Halts apply and how trading resumes after a halt. - ETP New Issues: Establish a Trading Halt Auction for opening an ETP New Issue in the Early Trading Session under the 23/5 trading model. - Auction pricing: Permit an issuer-provided value to serve as the Auction Reference Price when an ETP New Issue has no prior closing price; the proposal also provides auction pricing protections. - Procurement status: This is a request for public comments, not a procurement or contract award. No products, services, quantities, part numbers, OEMs, vendors, or contract value are specified.

Description

NYSE Arca, Inc. proposes changes to rules concerning trading halts, Trading Halt Auctions, and IPO Auctions. The changes clarify when Initial Listing Regulatory Halts apply and specify how trading resumes after such a halt. They also provide for using a Trading Halt Auction to open an ETP New Issue during the Early Trading Session, with a related change to the Auction Reference Price definition. The rule change is scheduled to become operative with the commencement of 23/5 Trading, scheduled industrywide for December 6, 2026; the SEC notice solicits comments.

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