Federal Register #SR-NYSETEX-2026-37

NYSE Texas proposal to clarify listing halts and trading auction rules

The Securities and Exchange Commission notice concerns proposed updates to NYSE Texas, Inc. rules for listing halts and trading auctions. - Government entities: The Securities and Exchange Commission published the notice; NYSE Texas, Inc. filed the proposed rule change. - Proposed rule updates: - Clarify when Initial Listing Regulatory Halts apply, including exclusions for specified IPOs and securities already listed on another national securities exchange. - Specify how trading resumes after an Initial Listing Regulatory Halt. - Provide for a Trading Halt Auction when an ETP New Issue elects to begin trading in the Early Trading Session; an issuer-provided value may be used as the Auction Reference Price. - Procurement status: This is a regulatory rulemaking notice, not a purchase request. No products, services, part numbers, quantities, or procurement vendors are specified.

Description

NYSE Texas, Inc. proposes amendments to Rules 7.18, 7.35(a)(8)(A), and 7.35(f) concerning initial listing regulatory halts, trading halt auctions, and IPO auctions. The changes clarify when an Initial Listing Regulatory Halt applies and specify how trading resumes after such a halt. They also provide for a Trading Halt Auction when an ETP New Issue elects to begin trading in the Early Trading Session and revise the Auction Reference Price rule to account for an issuer-provided value. The proposed changes are scheduled to become operative when 23/5 Trading commences, scheduled industrywide for December 6, 2026.

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