[Federal Register Volume 91, Number 123 (Monday, June 29, 2026)]
[Notices]
[Pages 39142-39143]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2026-13013]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-105762; File No. 4-631]
Joint Industry Plan; Notice of Filing and Immediate Effectiveness
of Amendment to the Plan To Address Extraordinary Market Volatility To
Add Texas Stock Exchange LLC as a Participant
June 24, 2026.
Pursuant to Section 11A(a)(3) of the Securities Exchange Act of
1934 (``Act'' or ``Exchange Act'') \1\ and Rule 608 thereunder,\2\
notice is hereby given that on June 12, 2026, Texas Stock Exchange LLC
(``TXSE'' or the ``Exchange'') filed with the Securities and Exchange
Commission (``Commission'') an amendment to the Plan to Address
Extraordinary Market Volatility (``LULD Plan'' or ``Plan'') as a
Participant.\3\ The amendment adds TXSE as a Participant \4\ to the
LULD Plan. The Commission is publishing this notice to solicit comments
on the amendment from interested persons.
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\1\ 15 U.S.C. 78k-1(a)(3).
\2\ 17 CFR 242.608.
\3\ See Letter from Jeff Brown, General Counsel, dated June 12,
2026, to Vanessa Countryman, Secretary, Commission. On May 6, 2012,
the Commission issued an order approving the Plan on a pilot basis
(the ``Approval Order''). See Securities Exchange Act Release No.
67091 (May 31, 2012), 77 FR 33498 (June 6, 2012). The Commission
approved the LULD Plan on a permanent basis on April 11, 2019. See
Securities Exchange Act Release No. 85623, 84 FR 16086 (April 17,
2019).
\4\ Defined in Section I(K) of the Plan as follows:
``Participant'' means a Party to the Plan.
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I. Description and Purpose of the Amendment
On September 30, 2025, the Commission issued an order granting the
Exchange's application for registration as a national securities
exchange (``Approval Order'').\5\ Under the Approval Order, one of the
conditions of the Commission's approval is that TXSE must join the
Plan. The Exchange expects to begin operation in July 2026. The
proposed amendment adds TXSE as a Participant to the LULD Plan.
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\5\ See Securities Exchange Act Release No. 104146 (September
30, 2025), 90 FR 47880 (October 2, 2025) (In the Matter of the
Application of Texas Stock Exchange LLC for Registration as a
National Securities Exchange; Findings, Opinion, and Order of the
Commission).
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Under Section II(C) of the LULD Plan, any entity registered as a
national securities exchange or national securities association under
the Exchange Act may become a Participant by: (1) becoming a
participant in the applicable Market Data Plans, as defined in Section
I(F) of the Plan; (2) executing a copy of the Plan, as then in effect;
(3) providing each then-current Participant with a copy of such
executed Plan; and (4) effecting an amendment to the Plan as specified
in Section III (B) of the Plan. Section III(B) of the LULD Plan sets
forth the process for a prospective new Participant to effect an
amendment of the Plan. Specifically, the LULD Plan provides that such
an amendment to the Plan may be effected by the new national securities
exchange or national securities association by executing a copy of the
Plan as then in effect (with the only changes being the addition of the
new Participant's name in Section II(A) of the Plan); and submitting
such executed Plan to the Commission.
TXSE has become a participant in the applicable Market Data
Plans,\6\ executed a copy of the Plan currently in effect, with the
only change being the addition of its name in Section II(A) of the
Plan, and has provided a copy of the Plan executed by TXSE to each of
the other Participants. TXSE has also submitted the executed Plan to
the Commission. Accordingly, all of the Plan requirements for effecting
an amendment to the Plan to add TXSE as a Participant have been
satisfied.\6\
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\6\ See Securities Exchange Act Release Nos. 105091 (March 27,
2026), 91 FR 16255 (April 1, 2026) (Notice of Filing and Immediate
Effectiveness of the Fifty-Sixth Amendment to the Joint Self-
Regulatory Organization Plan Governing the Collection, Consolidation
and Dissemination of Quotation and Transaction Information for
Nasdaq-Listed Securities Traded on Exchanges on an Unlisted Trading
Privileges Basis) and 105349 (May 1, 2026), 91 FR 24619 (May 6,
2026) (Notice of Filing and Immediate Effectiveness of the Forty-
First Amendment to the Second Restatement of the CTA Plan and
Thirty-Second Amendment to the Restated CQ Plan).
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II. Effectiveness of the Proposed Amendment
The foregoing Plan amendment has become effective pursuant to Rule
608(b)(3)(iii) \7\ because it involves solely technical or ministerial
matters. At any time within sixty days of the filing of this amendment,
the Commission may summarily abrogate the amendment and require that it
be refiled pursuant to paragraph (a)(1) of Rule 608,\8\ if it appears
to the Commission that such action is necessary or appropriate in the
[[Page 39143]]
public interest, for the protection of investors, or the maintenance of
fair and orderly markets, to remove impediments to, and perfect the
mechanisms of, a national market system or otherwise in furtherance of
the purposes of the Act.
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\7\ 17 CFR 242.608(b)(3)(iii).
\8\ 17 CFR 242.608(a)(1).
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III. Solicitation of Comments
Interested persons are invited to submit written data, views and
arguments concerning the foregoing, including whether the amendment is
consistent with the Act. Comments may be submitted by any of the
following methods:
Electronic Comments
Use the Commission's internet comment form (https://www.sec.gov/rules/sro.shtml); or
Send an email to [email protected]. Please include
file number 4-631 on the subject line.
Paper Comments
Send paper comments in triplicate to Secretary, Securities
and Exchange Commission, 100 F Street NE, Washington, DC 20549-1090.
All submissions should refer to file number 4-631. This file number
should be included on the subject line if email is used. To help the
Commission process and review your comments more efficiently, please
use only one method. The Commission will post all comments on the
Commission's internet website (https://www.sec.gov/rules/sro.shtml).
Copies of the filing will be available for inspection and copying at
the principal office of the Exchange. Do not include personal
identifiable information in submissions; you should submit only
information that you wish to make available publicly. We may redact in
part or withhold entirely from publication submitted material that is
obscene or subject to copyright protection. All submissions should
refer to file number 4-631 and should be submitted on or before July
20, 2026.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\9\
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\9\ 17 CFR 200.30-3(a)(85).
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Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2026-13013 Filed 6-26-26; 8:45 am]
BILLING CODE 8011-01-P