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Notice2026-194072026-09-23

Self-Regulatory Organizations; Coinbase Derivatives, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change Relating to the Adoption of Coinbase Derivatives, LLC's Rules Governing Cash Settled Futures on Individual Equity Securities and Exchange-Traded Fund Shares, Including Perpetual Single-Stock Futures

Securities and Exchange Commission

Action & Dates

Dates
(A) at least 40 million shares of the Restructure Security will be issued and outstanding; or (B) the Restructure Security will be listed on an exchange or automated quotation system that is subject to an initial listing requirement of no less than seven million publicly owned shares." The interpretation further provides that "[i]n the case of a Restructure Security issued or distributed to the holders of the equity security that existed prior to the ex-date of a spin-off, reorganization, recapitalization, restructuring or similar corporate transaction (`Original Equity Security'), the Exchange may consider the number of outstanding shares of the Original Equity Security prior to the spin-off, reorganization, recapitalization, restructuring or similar corporate transaction (`Restructuring Transaction')."

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. 34-106420; File No. SR-COIN-2026-002] September 18, 2026. Pursuant to Section 19(b)(7) of the Securities Exchange Act of 1934 (the “Act”), [ 1 ] notice is hereby given that on September 18, 2026, Coinbase Derivatives, LLC (“CDE” or “Exchange”) filed with the Securities and Exchange Commission (“SEC” or “Commission”) the proposed rule change described in Items I, II, and III 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. CDE has also filed this proposed rule change concurrently with the Commodity Futures Trading Commission (“CFTC”). The Exchange on September 18, 2026 submitted the proposed rule change to the CFTC for approval. The CFTC has not yet approved the proposed rule change. I. CDE's Description and Text of the Proposed Rule Change CDE is registered with the CFTC as a designated contract market under the CEA. CDE is making this filing in its capacity as a national securities exchange for security futures products (“SFPs”) registered pursuant to the notice registration provisions of Section 6(g) of the Act  [ 2 ] to establish the rules governing the SFPs it plans to list for trading. Under its notice registration, CDE plans to list cash settled futures on individual equity securities and exchange-traded fund shares…

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Full Document

Citation: 91 FR 60448