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Notice2026-072592026-04-15

Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Filing of Amendment Nos. 2 and 3 and Order Granting Accelerated Approval of a Proposed Rule Change, as Amended by Amendment Nos. 2 and 3, To Extend the Exchange's Trading Hours to 23 Hours a Day, Five Days a Week

Securities and Exchange Commission

Action & Dates

Action
Consistent with the regulatory framework applied to national securities exchanges \69\ with respect to the use of clearly erroneous rules in extended hours sessions, the Exchange proposes to rely on its clearly erroneous rules \70\ during the Night Session. The Exchange believes this proposed change is appropriate because the use of clearly erroneous executions rules during the Night Session will help ensure that there is a consistent, market-wide approach across the extended hours trading sessions of all national securities exchanges.

Document Excerpt

Document Headings Document headings vary by document type but may contain the following: the agency or agencies that issued and signed a document the number of the CFR title and the number of each part the document amends, proposes to amend, or is directly related to the agency docket number / agency internal file number the RIN which identifies each regulatory action listed in the Unified Agenda of Federal Regulatory and Deregulatory Actions See the Document Drafting Handbook for more details. Securities and Exchange Commission [Release No. 34-105199; File No. SR-Nasdaq-2025-109] April 10, 2026. On December 29, 2025, The Nasdaq Stock Market LLC (“Nasdaq” or “Exchange”) filed with the Securities and Exchange Commission (“SEC” or “Commission”), pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (“Act” or “Exchange Act”)  [ 1 ] and Rule 19b-4 thereunder, [ 2 ] a proposed rule change to extend the Nasdaq trading hours for NMS stocks to 23 hours a day, five days a week. The proposed rule change was published for comment in the Federal Register on January 13, 2026. [ 3 ] The Commission received comments on the proposed rule change  [ 4 ] and a letter responding to the comments from Nasdaq. [ 5 ] On February 25, 2026, pursuant to Section 19(b)(2) of the Act, the Commission designated a longer period within which to take action on the proposed rule change. [ 6 ] On March 12, 2026, the Exchange filed Amendment No. 1 to the proposed rule change, which superseded the original proposed rule change in its entirety. On March 12, ( printed page 20223) 2026, the Exchange withdrew Amendment No. 1 and filed Amendment No. 2 to the proposed rule change as described in Items I and II below, which Items have been prepared by the Exchange. [ 7 ] On March 20, 2026, the Exchange filed Amendment No. 3 to the proposed rule change to state that Amendment No. 2 replaced and superseded the ori

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Full Document

Citation: 91 FR 20222