At a glance
- Nasdaq's notice amends Equity 4, Rule 4120 to set forth specific requirements for halting and opening trading in ETPs; the NYSE notice amends Rule 7.18 regarding trading halts.
- For firms trading or listing ETPs, that label is the difference between rule text already in force and a proposal still awaiting action.
- The material available here does not set out the rule language, so the specific halt triggers, the length of a pause and the reopening process are not described.
Nasdaq and the New York Stock Exchange have each filed rule changes with the SEC amending their trading-halt rules for exchange-traded products. Nasdaq's notice amends Equity 4, Rule 4120 to set forth specific requirements for halting and opening trading in ETPs; the NYSE notice amends Rule 7.18 regarding trading halts. The two submissions carry release numbers 34-106658 and 34-106656 respectively, and both are styled notices of filing and immediate effectiveness.
Both notices are filed as immediately effective, the designation used when an SRO rule change takes effect on filing rather than after a Commission approval order. For firms trading or listing ETPs, that label is the difference between rule text already in force and a proposal still awaiting action.
The material available here does not set out the rule language, so the specific halt triggers, the length of a pause and the reopening process are not described. The titles establish scope only: halting and opening trading in ETPs at Nasdaq, trading halts at the NYSE.
Reported by the Regulation desk from SEC Newsroom and SEC Newsroom. Published . Corrections