Notice2026-02116
Self-Regulatory Organizations; Nasdaq BX, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Its Rules To Reflect a Legal Name Change
Primary source
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Published
February 3, 2026
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 91 Issue 22 (Tuesday, February 3, 2026)</title>
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[Federal Register Volume 91, Number 22 (Tuesday, February 3, 2026)]
[Notices]
[Pages 4989-4990]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-02116]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-104739; File No. SR-BX-2026-006]
Self-Regulatory Organizations; Nasdaq BX, Inc.; Notice of Filing
and Immediate Effectiveness of Proposed Rule Change To Amend Its Rules
To Reflect a Legal Name Change
January 29, 2026.
Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934
(``Act'') \1\ and Rule 19b-4 thereunder,\2\ notice is hereby given that
on January 21, 2026, Nasdaq BX, Inc. (``BX'' or ``Exchange'') filed
with the Securities and Exchange Commission (``Commission'') the
proposed rule change as described in Items I, II, and III below, which
Items have been prepared by the Exchange. The Commission is publishing
this notice to solicit comments on the proposed rule change from
interested persons.
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\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
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I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change
The Exchange proposes to amend its rules to reflect a legal name
change. The text of the proposed rule change is available on the
Exchange's website at <a href="https://listingcenter.nasdaq.com/rulebook/bx/rulefilings">https://listingcenter.nasdaq.com/rulebook/bx/rulefilings</a>, and at the principal office of the Exchange.
II. Self-Regulatory Organization's Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule Change
In its filing with the Commission, the Exchange included statements
concerning the purpose of and basis for the proposed rule change and
discussed any comments it received on the proposed rule change. The
text of these statements may be examined at the places specified in
Item IV below. The Exchange has prepared summaries, set forth in
sections A, B, and C below, of the most significant aspects of such
statements.
A. Self-Regulatory Organization's Statement of the Purpose of, and the
Statutory Basis for, the Proposed Rule Change
1. Purpose
The Exchange intends to convert from a corporation organized under
the laws of the state of Delaware to a limited liability company
(``LLC'') organized under the laws of the state of Texas.\3\ In
conjunction with the conversion, the Exchange is changing its legal
name to Nasdaq Texas, LLC.\4\ The purpose of this filing is to reflect
in the Exchange's Rulebook a non-substantive change to the Exchange's
current name to reflect the new legal name. Specifically, current
references to ``Nasdaq BX'' and ``BX'' (with the exception of the
Options Rules) will be changed to ``Nasdaq Texas.'' Current references
to ``Nasdaq BX, Inc.'' will be changed to ``Nasdaq Texas, LLC.'' Also,
current references to ``BX Options'' or ``BX'' within the Options Rules
will be changed to ``NTX Options'' or ``NTX.'' No other changes are
being proposed in this filing.
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\3\ See SR-BX-2026-005 filed on January 21, 2026, available at
https://listingcenter.nasdaq.com/rulebook/BX/rulefilings.
\4\ Id.
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In addition to the aforementioned amendments, the Exchange proposes
to re-number and arrange General 1, Section 1, Definitions, to
alphabetize the definitions based on the name changes. The Exchange
also proposes to modify Options 1, Section 1, Definitions, at (a)(8) to
state, ``The term ``Nasdaq Texas Options'' or ``NTX'' shall refer to
the NTX Options Market, an options trading facility of the Exchange
under Section 3(a)(2) of the Exchange Act.'' \5\ The Exchange also
proposes to renumber and rearrange Options 1, Section 1(a) to
alphabetize the definitions based on the name changes. The Exchange is
not proposing to make any name changes within Equity 3 because the
Exchange has submitted a separate filing which will delete the current
provisions in Equity 3 and mark the section as reserved.\6\
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\5\ Currently, Options 1, Section 1(a)(8) states, the term ``BX
Options'' means the BX Options Market, an options trading facility
of the Exchange under Section 3(a)(2) of the Exchange Act.
\6\ See BX-2026-004 filed on January 16, 2026, available at
<a href="https://listingcenter.nasdaq.com/assets/rulebook/bx/filings/SR-BX-2026-004.pdf">https://listingcenter.nasdaq.com/assets/rulebook/bx/filings/SR-BX-2026-004.pdf</a>.
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The Exchange represents that these changes are concerned solely
with the administration of the Exchange and do not affect the meaning,
administration, or enforcement of any rules of the Exchange or the
rights, obligations, or privileges of Exchange members or their
associated persons in any way. Accordingly, this filing is being
submitted under Rule 19b-4(f)(3). In lieu of providing a copy of the
marked changes, the Exchange represents that it will make the necessary
non-substantive revisions to the Rulebook and post an updated version
on the Exchange's website pursuant to Rule 19b-4(m)(2). The Exchange
notes that any name with a trademark (TM) or service mark (SM) attached
to the name will not be amended.
2. Statutory Basis
The Exchange believes that its proposal is consistent with Section
6(b) of the Act,\7\ in general, and furthers the objectives of Section
6(b)(5) of the Act,\8\ in particular, in that it is designed to promote
just and equitable principles of trade, to remove impediments to and
perfect the mechanism of a free and open market and a national market
system, and, in general to protect investors and the public interest by
avoiding confusion with the name. The Exchange proposes to amend its
rules to reflect the conversion of the Exchange to a Texas entity and
to reflect a legal name change by changing the name throughout the
Rulebook from ``Nasdaq BX'' and ``BX'' to ``Nasdaq Texas.'' The
proposed changes will not substantively impact the Exchange's existing
rules or its current obligations and requirements under its governing
documents or the Act, including Section 6(b)(3) of the Act.\9\ The
Exchange is not proposing any changes to its rules or various fee
schedules other than the technical amendments to implement the
conversion to a Texas corporation and the name change. Additionally, no
changes to the ownership or structure of the Exchange have taken place
as a result of this proposal.
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\7\ 15 U.S.C. 78f(b).
\8\ 15 U.S.C. 78f(b)(5).
\9\ 15 U.S.C. 78f(b)(3).
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[[Page 4990]]
B. Self-Regulatory Organization's Statement on Burden on Competition
The Exchange does not believe that the proposed rule change will
impose any burden on competition not necessary or appropriate in
furtherance of the purposes of the Act. The name change will reflect
the conversion to a Texas LLC and the new name that will be used in the
current governing documents of the Exchange.
C. Self-Regulatory Organization's Statement on Comments on the Proposed
Rule Change Received From Members, Participants, or Others
No written comments were either solicited or received.
III. Date of Effectiveness of the Proposed Rule Change and Timing for
Commission Action
Pursuant to Section 19(b)(3)(A) of the Act \10\ and Rule 19b-
4(f)(3) thereunder,\11\ the Exchange has designated this proposal as
one that is concerned solely with the administration of the self-
regulatory organization, and therefore has become effective.
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\10\ 15 U.S.C. 78s(b)(3)(A).
\11\ 17 CFR 240.19b-4(f)(3).
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At any time within 60 days of the filing of the proposed rule
change, the Commission summarily may temporarily suspend such rule
change if it appears to the Commission that such action is necessary or
appropriate in the public interest, for the protection of investors, or
otherwise in furtherance of the purposes of the Act. If the Commission
takes such action, the Commission shall institute proceedings to
determine whether the proposed rule should be approved or disapproved.
IV. Solicitation of Comments
Interested persons are invited to submit written data, views and
arguments concerning the foregoing, including whether the proposed rule
change 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#e694938a83cb85898b8b83889295a6958385c8818990"><span class="__cf_email__" data-cfemail="c7b5b2aba2eaa4a8aaaaa2a9b3b487b4a2a4e9a0a8b1">[email protected]</span></a>. Please include
file number SR-BX-2026-006 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 SR-BX-2026-006. 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 SR-BX-2026-006 and should be submitted on
or before February 24, 2026.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\12\
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\12\ 17 CFR 200.30-3(a)(12).
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Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2026-02116 Filed 2-2-26; 8:45 am]
BILLING CODE 8011-01-P
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