NYSE American LLC Amends Trading Halt Rules
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
The NYSE American has updated its rules on when trading can be halted in the market. This primarily affects investors and market participants by clarifying the conditions for halting trading operations, ensuring consistency in rules across affiliated exchanges, and providing greater transparency.
AI-generated summary. May contain errors. Refer to official sources for legal decisions.
Key Changes
- Addition of new instances for mandatory trading halts
- Clarification of discretionary halt provisions
- Removal of an incorrect operational halt categorization
Obligations
What this law requires
NYSE American LLC must declare a Regulatory Halt pursuant to Rule 7.11E concerning Limit Up Limit Down
NYSE American LLC must declare a Regulatory Halt pursuant to Rule 7.12E concerning Market-Wide Circuit Breaker
NYSE American LLC must issue a Dissemination Halt if it becomes aware that NAV or Disclosed Portfolio for Derivative Securities Products is not being disseminated to all market participants at the same time
NYSE American LLC must declare a Regulatory Halt for a security for which it is the Primary Listing Market before the end of the Late Trading Session on the day immediately before the market effective date of a reverse stock split
NYSE American LLC may declare a discretionary Regulatory Halt if it determines there is a SIP Outage, Material SIP Latency, or Extraordinary Market Activity