NYSE proposes amendment to Rule 7.10 to cover overnight price bands

On Sep 14, 2026 the New York Stock Exchange LLC filed a proposed rule change with the Securities and Exchange Commission under Section 19(b)(1) of the Exchange Act. The filing, identified as Release No. 34-106407; File No. SR-NYSE-2026-46, was published in the Federal Register on Sep 17, 2026 (Vol. 91, No. 182, pp. 60165-60168) and is immediately effective.

The Exchange seeks to amend Rule 7.10, "Clearly Erroneous Executions," to reflect the Commission's Aug 5, 2026 approval of Overnight Protected Bands for 23/5 Trading under the LULD Plan. The amendment would align the rule's restrictions on clearly erroneous review with the newly authorized overnight price bands.

Key revisions include adding the definition "LULD Protected Hours" to encompass both the Core Trading Session and the Overnight Protected Hours (9:00 p.m. ET through 4:00 a.m. ET). The first sentence of Rule 7.10(c)(1) would replace "Core Trading Session" with "LULD Protected Hours," extending the non-reviewable status of trades executed within price bands to overnight hours. The amendment also incorporates the "Overnight Percentage Parameter" from Section VIII of the LULD Plan into the criteria for reviewing trades that deviate from the reference price.

Additional language changes would replace references to transactions eligible for review during the Core Trading Session with language covering transactions occurring during LULD Protected Hours in NMS stocks not subject to the LULD Plan. The same substitution would be applied throughout Rule 7.10(c)(2), (d)(3) and (f), ensuring consistent treatment of such trades during overnight protected hours.

The full text of the proposed rule change is available on the NYSE website at www.nyse.com and at the Exchange's principal office. The Commission is soliciting comments from interested persons during the open comment period.