Notice2026-00116
Self-Regulatory Organizations; Nasdaq ISE, LLC; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Amend the Position and Exercise Limits for IBIT Options and FLEX Trading
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
January 8, 2026
Issuing agencies
Securities and Exchange Commission
Full Text
<html>
<head>
<title>Federal Register, Volume 91 Issue 5 (Thursday, January 8, 2026)</title>
</head>
<body><pre>
[Federal Register Volume 91, Number 5 (Thursday, January 8, 2026)]
[Notices]
[Page 750]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-00116]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-104542; File No. SR-ISE-2025-26]
Self-Regulatory Organizations; Nasdaq ISE, LLC; Notice of
Designation of a Longer Period for Commission Action on a Proposed Rule
Change To Amend the Position and Exercise Limits for IBIT Options and
FLEX Trading
January 5, 2026.
On November 13, 2025, Nasdaq ISE, LLC (``Exchange'' or ``ISE'')
filed with the Securities and Exchange Commission (``Commission''),
pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934
(``Act'') \1\ and Rule 19b-4 thereunder,\2\ a proposed rule change to
increase the position and exercise limits for options on iShares
Bitcoin Trust ETF (``IBIT'') and to amend Options 3A, Section 18,
Position Limits, related to FLEX Trading in options on IBIT. The
proposed rule change was published for comment in the Federal Register
on November 26, 2025.\3\ On November 24, 2025, the Exchange filed
Amendment No. 1 to the proposed rule change.\4\ Amendment No. 1
superseded the original proposed rule change in its entirety. The
Commission has received no comments regarding the proposed rule change.
---------------------------------------------------------------------------
\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
\3\ See Securities Exchange Act Release No. 104235 (Nov. 21,
2025), 90 FR 54414.
\4\ The full text of Amendment No. 1 is available on the
Commission's website at <a href="https://www.sec.gov/comments/sr-ise-2025-26/srise202526.htm">https://www.sec.gov/comments/sr-ise-2025-26/srise202526.htm</a>. Amendment No. 1 proposes to remove the proposed
changes to the Options 3A, FLEX Options trading rules.
---------------------------------------------------------------------------
Section 19(b)(2) of the Act \5\ provides that within 45 days of the
publication of notice of the filing of a proposed rule change, or
within such longer period up to 90 days as the Commission may designate
if it finds such longer period to be appropriate and publishes its
reasons for so finding or as to which the self-regulatory organization
consents, the Commission shall either approve the proposed rule change,
disapprove the proposed rule change, or institute proceedings to
determine whether the proposed rule change should be disapproved. The
45th day after publication of the notice for this proposed rule change
is January 10, 2026. The Commission is extending this 45-day time
period.
---------------------------------------------------------------------------
\5\ 15 U.S.C. 78s(b)(2).
---------------------------------------------------------------------------
The Commission finds it appropriate to designate a longer period
within which to take action on the proposed rule change so that it has
sufficient time to consider the proposed rule change. Accordingly, the
Commission, pursuant to Section 19(b)(2) of the Act,\6\ designates
February 24, 2026, as the date by which the Commission shall either
approve or disapprove, or institute proceedings to determine whether to
disapprove, the proposed rule change (File No. SR-ISE-2025-26).
---------------------------------------------------------------------------
\6\ Id.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\7\
---------------------------------------------------------------------------
\7\ 17 CFR 200.30-3(a)(31).
---------------------------------------------------------------------------
Vanessa A. Countryman,
Secretary.
[FR Doc. 2026-00116 Filed 1-7-26; 8:45 am]
BILLING CODE 8011-01-P
</pre></body>
</html>Indexed from Federal Register on January 8, 2026.
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.