Notice2025-19049

Joint Industry Plan; Notice of Filing and Immediate Effectiveness of Amendment to the National Market System Plan Governing the Consolidated Audit Trail Regarding Conversion and Name Change of NYSE Chicago, Inc. to NYSE Texas, Inc.

Primary source

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Published
September 30, 2025

Issuing agencies

Securities and Exchange Commission

Full Text

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<title>Federal Register, Volume 90 Issue 187 (Tuesday, September 30, 2025)</title>
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[Federal Register Volume 90, Number 187 (Tuesday, September 30, 2025)]
[Notices]
[Pages 47020-47021]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-19049]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-104100; File No. 4-698]


Joint Industry Plan; Notice of Filing and Immediate Effectiveness 
of Amendment to the National Market System Plan Governing the 
Consolidated Audit Trail Regarding Conversion and Name Change of NYSE 
Chicago, Inc. to NYSE Texas, Inc.

September 26, 2025.
    Pursuant to Section 11A(a)(3) of the Securities Exchange Act of 
1934

[[Page 47021]]

(``Act'') \1\ and Rule 608 thereunder,\2\ notice is hereby given that 
on September 12, 2025, Consolidated Audit Trail, LLC (``CAT LLC''), on 
behalf of the Participants \3\ in the National Market System Plan 
Governing the Consolidated Audit Trail \4\ (the ``CAT NMS Plan'' or 
``Plan'') filed with the Securities and Exchange Commission 
(``Commission'') an amendment to the CAT NMS Plan. The amendment to the 
CAT NMS 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\ The Participants to the CAT NMS Plan are: BOX Exchange LLC; 
Cboe BYX Exchange, Inc.; Cboe BZX Exchange, Inc.; Cboe C2 Exchange, 
Inc.; Cboe EDGA Exchange, Inc.; Cboe EDGX Exchange, Inc.; Cboe 
Exchange, Inc.; Financial Industry Regulatory Authority, Inc.; 
Investors Exchange LLC; Long-Term Stock Exchange, Inc.; MEMX LLC; 
Miami International Securities Exchange LLC; MIAX Emerald, LLC; MIAX 
PEARL, LLC; MIAX Sapphire, LLC; Nasdaq BX, Inc.; Nasdaq GEMX, LLC; 
Nasdaq ISE, LLC; Nasdaq MRX, LLC; Nasdaq PHLX LLC; The NASDAQ Stock 
Market LLC; New York Stock Exchange LLC; NYSE American LLC; NYSE 
Arca, Inc.; NYSE Texas, Inc.; NYSE National, Inc.; and 24X National 
Exchange LLC.
    \4\ The CAT NMS Plan is a national market system plan approved 
by the Commission pursuant to Section 11A of the Exchange Act and 
the rules and regulations thereunder. See Securities Exchange Act 
Release No. 79318 (Nov. 15, 2016), 81 FR 84695 (Nov. 23, 2016) 
(order approving the CAT NMS Plan).
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I. Description and Purpose of the Amendment

    On February 28, 2025, the Commission published an order approving a 
proposed rule change filed by NYSE Chicago, Inc. (the ``Exchange'') 
whereby the Exchange would convert from a Delaware corporation to a 
Texas corporation and change its name to ``NYSE Texas, Inc.'' \5\ By 
virtue of the conversion, the Exchange converted from a Delaware 
corporation to a Texas corporation, but is deemed to be the same legal 
entity. CAT LLC is now filing this proposed amendment under Rule 
608(b)(3)(iii) to make corresponding technical revisions to the CAT NMS 
Plan to: (1) replace all references to ``NYSE Chicago, Inc.'' with 
``NYSE Texas, Inc.''; and (2) update the Exchange's business address in 
Exhibit A of the CAT NMS Plan to: NYSE Texas, Inc., 4020 Maple Avenue, 
Suite 800, Dallas, Texas 75219.
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    \5\ See Exchange Act Rel. No. 102507 (Feb. 28, 2025), 90 FR 
11445 (Mar. 6, 2025), available at <a href="https://www.govinfo.gov/content/pkg/FR-2025-03-06/pdf/2025-03617.pdf">https://www.govinfo.gov/content/pkg/FR-2025-03-06/pdf/2025-03617.pdf</a>.
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II. Effectiveness of the Proposed Plan Amendment

    The foregoing CAT NMS Plan amendment has become effective pursuant 
to Rule 608(b)(3)(iii) \6\ 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,\7\ 
if it appears to the Commission that such action is necessary or 
appropriate in the 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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    \6\ 17 CFR 242.608(b)(3)(iii).
    \7\ 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

    <bullet> Use the Commission's internet comment form (<a href="https://www.sec.gov/rules/sro.shtml">https://www.sec.gov/rules/sro.shtml</a>); or
    <bullet> Send an email to <a href="/cdn-cgi/l/email-protection#7301061f165e101c1e1e161d0700330016105d141c05"><span class="__cf_email__" data-cfemail="99ebecf5fcb4faf6f4f4fcf7edead9eafcfab7fef6ef">[email&#160;protected]</span></a>. Please include 
file number 4-698 on the subject line.

Paper Comments

    <bullet> 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 4-698. 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 (<a href="https://www.sec.gov/rules/sro.shtml">https://www.sec.gov/rules/sro.shtml</a>). 
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 4-698 and should be submitted on or before October 
21, 2025.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\8\
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    \8\ 17 CFR 200.30-3(a)(85).
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Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2025-19049 Filed 9-29-25; 8:45 am]
BILLING CODE 8011-01-P


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