NYSE amends Rule 7.18 to correct reverse split halt language

On August 18, 2026, New York Stock Exchange LLC filed a proposed rule change (File No. SR-NYSE-2026-39, Release No. 34-106242) to amend Rule 7.18, "Trading Halts." The Securities and Exchange Commission published the notice on August 31, 2026 (FR Doc No. 2026-18001) and designated the change operative immediately, waiving the standard 30-day operative delay.

The amendment restores the original language from Rule 123D concerning a Reverse Stock Split Halt. The prior transposition mistakenly replaced "before the end of post-market trading on other markets" with a reference to a non-existent "Late Trading Session." The revised text again specifies that a halt occurs "before the end of post-market trading on other markets" on the day preceding the effective date of a reverse stock split.

The Exchange asserts that the correction is consistent with Section 6(b) of the Securities Exchange Act of 1934 and does not impose any new burden on competition. Accordingly, the Commission found no significant impact on investor protection or the public interest and granted the waiver for immediate effectiveness.

No written comments were solicited or received on the proposal. The Commission retains authority to temporarily suspend the rule change within 60 days of filing if it deems such action necessary to protect investors or the public interest.

Comments may be submitted electronically via the SEC's internet comment form or by email, referencing file number SR-NYSE-2026-39, as outlined in the notice.