📉NYSE Arca Proposes Amendments to Trading Halt Rules
Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Amending Rule 7.18-E To Effectuate Amendments to Second Restatement of the CTA Plan and the Restated CQ Plan and To Make Confirming Changes to Rules 1.1, 7.11-E, and 7.35-E
Summary
NYSE Arca proposes significant amendments to its trading halt rules aimed at promoting clarity and consistency in halting and resuming trading across U.S. equity markets. The changes include new definitions for regulatory events and specific procedures to manage trading interruptions effectively. These amendments align with the updated Consolidated Tape Association Plan, ensuring fair and orderly market operations during cross-market disruptions.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule changes regarding trading halts by NYSE Arca directly impact compliance and regulatory requirements for securities trading, particularly through the establishment of uniform standards across exchanges. This affects market participants' operations, as they will need to adapt to new definitions and procedures for halts, which could influence trading strategies and regulatory oversight.