Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Designation of Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change To List and Trade Nasdaq Bitcoin Index Options
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The SEC issued a notice extending the deadline for its final decision on Nasdaq PHLX's proposed rule change to list and trade options on the Nasdaq Bitcoin Index. The original 180-day period after the September 29, 2025 publication date ended on March 28, 2026. The Commission is using its statutory authority to extend the decision period by up to 60 days. This notice sets May 27, 2026 as the new deadline by which the SEC must either approve or disapprove the proposal. The extension allows the Commission additional time to review the proposal and consider public comments received.
AI-generated summary. May contain errors. Refer to official sources for legal decisions.
Key Changes
- Extends SEC decision deadline from March 28, 2026 to May 27, 2026
- Grants additional time to review proposal to list and trade Nasdaq Bitcoin Index options
- Allows consideration of public comments received on File No. SR-PHLX-2025-50
+ 2 more changes with Pro
Obligations
What this law requires
The SEC must issue an order approving or disapproving the proposed rule change for Nasdaq Bitcoin Index options by May 27, 2026
Nasdaq PHLX LLC must comply with the SEC's final approval or disapproval decision regarding the listing and trading of Nasdaq Bitcoin Index options by the May 27, 2026 deadline
The SEC must have considered the proposed rule change, issues raised therein, and public comments received before issuing its approval or disapproval order
Nasdaq PHLX LLC must maintain the proposed rule change filing (SR-PHLX-2025-50) and make public comments available at the SEC's designated website