Federal Register 60-Day Notice

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Federal Register / Vol. 91, No. 132 / Monday, July 13, 2026 / Notices
under Section 19(b)(2)(B) 23 of the Act to
determine whether the proposed rule
change should be approved or
disapproved.
IV. Solicitation of Comments
Interested persons are invited to
submit written data, views, and
arguments concerning the foregoing,
including whether the proposed rule
change is consistent with the Act.
Comments may be submitted by any of
the following methods:
Electronic Comments
• Use the Commission’s internet
comment form (https://www.sec.gov/
rules/sro.shtml); or
• Send an email to rule-comments@
sec.gov. Please include File Number SR–
EMERALD–2026–20 on the subject line.
Paper Comments
• Send paper comments in triplicate
to Secretary, Securities and Exchange
Commission, 100 F Street NE,
Washington, DC 20549–1090.
All submissions should refer to file
number SR–EMERALD–2026–20. This
file number should be included on the
subject line if email is used. To help the
Commission process and review your
comments more efficiently, please use
only one method. The Commission will
post all comments on the Commission’s
internet website (https://www.sec.gov/
rules/sro.shtml). Copies of the filing will
be available for inspection and copying
at the principal office of the Exchange.
Do not include personal identifiable
information in submissions; you should
submit only information that you wish
to make available publicly. We may
redact in part or withhold entirely from
publication submitted material that is
obscene or subject to copyright
protection. All submissions should refer
to file number SR–EMERALD–2026–20
and should be submitted on or before
August 3, 2026.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.24
Sherry R. Haywood,
Assistant Secretary.

SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–105864; File No. SR–
CBOE–2026–004]

Self-Regulatory Organizations; Cboe
Exchange, Inc.; Notice of Designation
of a Longer Period for Commission
Action on a Proposed Rule Change To
Permit VIX Future-Option Orders
July 8, 2026.

On January 5, 2026, Cboe Exchange,
Inc. (the ‘‘Exchange’’ or ‘‘Cboe
Options’’) filed with the Securities and
Exchange Commission (‘‘Commission’’),
pursuant to Section 19(b)(1) of the
Securities Exchange Act of 1934 (the
‘‘Act’’),1 and Rule 19b–4 thereunder,2 a
proposed rule change to permit futureoption orders comprised of Cboe
Volatility Index (‘‘VIX’’) options and
VIX futures (‘‘VX futures’’). The
proposed rule change was published for
comment in the Federal Register on
January 16, 2026.3 The Commission
received no comments regarding the
proposed rule change.
On February 19, 2026, pursuant to
Section 19(b)(2) of the Act,4 the
Commission designated a longer period
within which to approve the proposed
rule change, disapprove the proposed
rule change, or institute proceedings to
determine whether to approve or
disapprove the proposed rule change.5
On April 9, 2026, the Commission
instituted proceedings under Section
19(b)(2)(B) of the Act 6 to determine
whether to approve or disapprove the
proposed rule change.7
Section 19(b)(2) of the Act 8 provides
that, after initiating proceedings, the
Commission shall issue an order
approving or disapproving the proposed
rule change not later than 180 days after
the date of publication of notice of filing
of the proposed rule change. The
Commission may extend the period for
issuing an order approving or
disapproving the proposed rule change,
however, by not more than 60 days if
the Commission determines that a
longer period is appropriate and
publishes the reasons for such
determination. The proposed rule
change was published for comment in
the Federal Register on January 16,
1 15 U.S.C. 78s(b)(1).

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[FR Doc. 2026–14018 Filed 7–10–26; 8:45 am]
BILLING CODE 8011–01–P

23 15 U.S.C. 78s(B)(2)(B).
24 17 CFR 200.30–3(a)(12) and (59).

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2 17 CFR 240.19b–4.
3 See Securities Exchange Act Release No. 104588
(Jan. 13, 2026), 91 FR 2209 (‘‘Notice’’).
4 15 U.S.C. 78s(b)(2).
5 See Securities Exchange Act Release No. 104865
(Feb. 19, 2026), 91 FR 8928 (Feb. 24, 2026).
6 15 U.S.C. 78s(b)(2)(B).
7 See Securities Exchange Act Release No. 105188
(April 9, 2026), 91 FR 19245 (April 14, 2026).
8 15 U.S.C. 78s(b)(2).

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2026.9 The 180th day after publication
of the proposed rule change is July 15,
2026. The Commission is extending the
time period for approving or
disapproving the proposed rule change
for an additional 60 days.
The Commission finds that it is
appropriate to designate a longer period
within which to issue an order
approving or disapproving the proposed
rule change so that it has sufficient time
to consider the proposed rule change
and the issues raised therein.
Accordingly, the Commission, pursuant
to Section 19(b)(2) of the Act,10
designates September 13, 2026, as the
date by which the Commission shall
either approve or disapprove the
proposed rule change (File No. SR–
CBOE–2026–004).
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.11
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2026–14015 Filed 7–10–26; 8:45 am]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
[OMB Control No. 3235–0233]

Agency Information Collection
Activities; Proposed Collection;
Comment Request; Extension: Form
2–E, Report Pursuant to Rule 609 and
Regulation E
Upon Written Request, Copies Available
From: Securities and Exchange
Commission, Office of FOIA Services,
100 F Street NE, Washington, DC
20549–2736
Notice is hereby given that, pursuant
to the Paperwork Reduction Act of 1995
(44 U.S.C. 3501 et seq.), the Securities
and Exchange Commission (‘‘SEC’’ or
‘‘Commission’’) is soliciting comments
on the proposed collection of
information.
Rule 609 (17 CFR 230.609) under the
Securities Act of 1933 (15 U.S.C. 77a et
seq.) requires small business investment
companies and business development
companies that have engaged in
offerings of securities that are exempt
from registration pursuant to Regulation
E under the Securities Act of 1933 (17
CFR 230.601 to 610a) to report semiannually on Form 2–E (17 CFR 239.201)
the progress of the offering. The form
solicits information such as the dates an
offering commenced and was completed
9 See supra note 3.
10 15 U.S.C. 78s(b)(2).
11 17 CFR 200.30–3(a)(57).

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Federal Register / Vol. 91, No. 132 / Monday, July 13, 2026 / Notices

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(if completed), the number of shares
sold and still being offered, amounts
received in the offering, and expenses
and underwriting discounts incurred in
the offering. The information provided
on Form 2–E assists the staff in
monitoring the progress of the offering
and in determining whether the offering
has stayed within the limits set for an
offering exempt under Regulation E.
Although there have been no filings of
Form 2–E since 2017, for administrative
purposes the Commission estimates
that, on average, approximately one
respondent submits a Form 2–E filing
each year. The Commission further
estimates that this information
collection imposes an annual burden of
four hours and imposes no annual
external cost burden.
The collection of information under
Form 2–E is mandatory. The
information provided by the form will
not be kept confidential.
An agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
unless it displays a currently valid OMB
Control Number.
Written comments are invited on: (a)
whether this proposed collection of
information is necessary for the proper
performance of the functions of the SEC,
including whether the information will
have practical utility; (b) the accuracy of
the SEC’s estimate of the burden
imposed by the proposed collection of
information, including the validity of
the methodology and the assumptions
used; (c) ways to enhance the quality,
utility, and clarity of the information to
be collected; and (d) ways to minimize
the burden of the collection of
information on respondents, including
through the use of automated, electronic
collection techniques or other forms of
information technology.
Please direct your written comments
on this 60-Day Collection Notice to
Austin Gerig, Director/Chief Data
Officer, Securities and Exchange
Commission, c/o Tanya Ruttenberg via
email to PaperworkReductionAct@
sec.gov by September 11, 2026.
Dated: July 8, 2026.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2026–14009 Filed 7–10–26; 8:45 am]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–105860; File No. SR–
NASDAQ–2026–057]

Self-Regulatory Organizations; The
Nasdaq Stock Market LLC; Notice of
Filing and Immediate Effectiveness of
Proposed Rule Change To Amend Rule
4120 Regarding Regulatory Halts for
Corporate Actions and Issuer-Related
Events
July 8, 2026.

Pursuant to Section 19(b)(1) of the
Securities Exchange Act of 1934
(‘‘Act’’),1 and Rule 19b–4 thereunder,2
notice is hereby given that on June 29,
2026, The Nasdaq Stock Market LLC
(‘‘Nasdaq’’ or ‘‘Exchange’’) filed with the
Securities and Exchange Commission
(‘‘Commission’’) the proposed rule
change as described in Items I and II
below, which Items have been prepared
by the Exchange. The Commission is
publishing this notice to solicit
comments on the proposed rule change
from interested persons.
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
The Exchange proposes to amend
Rule 4120 (Limit Up-Limit Down Plan
and Trading Halts) to set forth specific
requirements for halting and resuming
trading in a security that is subject to
certain corporate actions, as described
below. The text of the proposed rule
change is available on the Exchange’s
website at https://listingcenter.
nasdaq.com/rulebook/nasdaq/
rulefilings, and at the principal office of
the Exchange.
II. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
In its filing with the Commission, the
Exchange included statements
concerning the purpose of and basis for
the proposed rule change and discussed
any comments it received on the
proposed rule change. The text of these
statements may be examined at the
places specified in Item IV below. The
Exchange has prepared summaries, set
forth in sections A, B, and C below, of
the most significant aspects of such
statements.
1 15 U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.

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A. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
1. Purpose
In conjunction with plans for
operating 23 hours a day, 5 days a week
(‘‘23/5 Trading’’),3 the Exchange
proposes to amend Rule 4120 to set
forth specific requirements for halting
trading in a security for which Nasdaq
is the primary listing market that is
subject to certain issuer-related
corporate actions and for resuming
trading in that security using the Nasdaq
Halt Cross.4 The Exchange believes that
the proposed rules will expand on the
framework already in place with respect
to the Exchange’s authority to declare a
mandatory regulatory halt in advance of
a reverse stock split, thereby providing
greater transparency and clarity with
respect to the situations in which
trading certain securities subject to
issuer-related corporate actions will be
halted and the process through which
that halt will be implemented and
terminated.
The Exchange understands that the
other Primary Listing Exchanges plan to
implement substantially identical
versions of this rule to ensure consistent
treatment of corporate actions across the
market.
Background
In 2023, the Commission approved
the Exchange’s filing establishing the
Exchange’s authority to declare a
mandatory regulatory halt in a security
for which the Exchange is the Primary
Listing Market when that security is
subject to a reverse stock split.5
Specifically, the Exchange proposed
halting such a security before the end of
the Post-Market Hours on the day
immediately before the effective date of
a reverse stock split, with trading to
resume with a Nasdaq Halt Cross at 9:00
a.m. Eastern Time (‘‘ET’’)—instead of
4:00 a.m. ET—on the next trading day.
3 See Securities Exchange Act Release No. 105199
(April 10, 2026), 91 FR 20222 (April 15, 2026) (SR–
NASDAQ–2025–109) (‘‘Nasdaq 23–5 Approval
Order’’).
4 The ‘‘Nasdaq Halt Cross’’ is the process for
determining the price at which Eligible Interest
shall be executed at the open of trading for a halted
security and for executing that Eligible Interest. See
Rule 4753(a)(4). ‘‘Eligible Interest’’ shall mean any
quotation or any order that has been entered into
the system and designated with a time-in-force that
would allow the order to be in force at the time of
the Halt Cross. See Nasdaq Rule 4753(a)(5).
5 See Securities Exchange Act Release No. 98878
(Nov. 7, 2023), 88 FR 78081 (Nov. 14, 2023) (SR–
NASDAQ–2023–036) (Notice of Filing of
Amendment No. 1 and Order Granting Accelerated
Approval of Proposed Change, as Modified by
Amendment No. 1, Relating to Nasdaq Rules 4120
and 4753) (‘‘Reverse Stock Split Approval Order’’).

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