Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Remove Obsolete Rule Text in Nasdaq Equities 6
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The Nasdaq Stock Market LLC is filing to remove obsolete references to its discontinued "Nasdaq Risk Management" product from Sections 1 and 2 of Nasdaq Equity 6. This product was replaced in 2021 by "Nasdaq Post-Trade Risk Management" as part of a larger re-platforming that also replaced ACT Workstation and Nasdaq InterACT with newer tools. Although most obsolete references were cleaned up in a 2024 rule filing, these two sections were mistakenly left unchanged. Nasdaq will now delete the outdated descriptions and reserve the sections. The change is intended to prevent confusion among users and is effective immediately upon filing.
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Key Changes
- Remove all references to discontinued Nasdaq Risk Management product from Nasdaq Equity 6, Sections 1 and 2
- Reserve Sections 1 and 2 of Nasdaq Equity 6 after deletion of obsolete text
- Complete cleanup process started in 2024 rule filing (SR-NASDAQ-2024-018)
+ 1 more changes with Pro
Obligations
What this law requires
Remove obsolete references to 'Nasdaq Risk Management' product from Sections 1 and 2 of Nasdaq Equity 6 rulebook
Reserve Sections 1 and 2 of Nasdaq Equity 6 instead of maintaining descriptions of the discontinued Nasdaq Risk Management product
Make the proposed rule change text available on the Exchange's website at https://listingcenter.nasdaq.com/rulebook/nasdaq/rulefilings and at the principal office of the Exchange
Implement the rule change effective immediately upon filing (March 27, 2026)
Allow the SEC to temporarily suspend the rule change within 60 days of filing if the Commission determines such action is necessary or appropriate in the public interest