Notice2026-05018
Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Designation of a Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change, as Modified by Amendment No. 1, To Adopt Additional Initial Listing Criteria for Companies Primarily Operating in China
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
March 16, 2026
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 91 Issue 50 (Monday, March 16, 2026)</title>
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[Federal Register Volume 91, Number 50 (Monday, March 16, 2026)]
[Notices]
[Pages 12644-12645]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-05018]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-104969; File No. SR-NASDAQ-2025-069]
Self-Regulatory Organizations; The Nasdaq Stock Market LLC;
Notice of Designation of a Longer Period for Commission Action on
Proceedings To Determine Whether To Approve or Disapprove a Proposed
Rule Change, as Modified by Amendment No. 1, To Adopt Additional
Initial Listing Criteria for Companies Primarily Operating in China
March 11, 2026.
I. Introduction
On September 4, 2025, the Nasdaq Stock Market LLC (``Exchange'' or
``Nasdaq'') 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 adopt additional initial listing criteria for
companies primarily operating in the People's Republic of China
(``China''), including the Hong Kong Special Administrative Region
(``Hong Kong'') and the Macau Special Administrative Region
(``Macau''). On September 12, 2025, the Exchange filed Amendment No. 1
to the proposed rule change, which replaced and superseded the original
filing in its entirety. The proposed rule change, as modified by
Amendment No. 1, was published for comment in the Federal Register on
September 19, 2025.\3\ On September 25, 2025, the Commission designated
a longer period within which to take action on the proposed rule
change.\4\ On December 18, 2025, the Commission is instituted
proceedings pursuant to Section 19(b)(2)(B) of the Act \5\ to determine
whether to approve or disapprove the proposed rule change, as modified
by Amendment No. 1.\6\
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\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
\3\ See Securities Exchange Act Release No. 103979 (Sept. 16,
2025), 90 FR 45298 (``Notice''). Comments received on the proposed
rule change are available at: <a href="https://www.sec.gov/comments/sr-nasdaq-2025-069/srnasdaq2025069.htm">https://www.sec.gov/comments/sr-nasdaq-2025-069/srnasdaq2025069.htm</a>.
\4\ See Securities Exchange Act Release No. 104058, 90 FR 46973
(Sept. 30, 2025). The Commission designated December 18, 2025, as
the date by which the Commission should approve, disapprove, or
institute proceedings to determine whether to disapprove the
proposed rule change, as modified by Amendment No. 1. See id.
\5\ 15 U.S.C. 78s(b)(2)(B).
\6\ See Securities Exchange Act Release No. 104456, 90 FR 60214
(Dec. 23, 2025).
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Section 19(b)(2) of the Act \7\ provides that, after initiating
proceedings, the Commission shall issue an order approving or
disapproving the proposed rule change not later than 180 days after the
date of publication of notice of filing of the proposed rule change.
The Commission may extend the period for issuing an order approving or
disapproving the proposed rule change, however, by not more than 60
days if the Commission determines that a longer period is appropriate
and publishes the reasons for such determination. The proposed rule
change, as modified by Amendment No. 1, was published for comment in
the Federal Register on September 19, 2025.\8\ The 180th day after
publication of the proposed rule change, as modified by Amendment No.
1, is March 18, 2026. The Commission is extending the time period for
approving or disapproving the proposed rule change, as modified by
Amendment No. 1, for an additional 60 days.
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\7\ 15 U.S.C. 78s(b)(2).
\8\ See supra note 3.
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The Commission finds that it is appropriate to designate a longer
period within which to issue an order approving or disapproving the
proposed rule change, as modified by Amendment No. 1, so that it has
sufficient time to consider the proposed rule change and the issues
raised therein, as well as the comments received. Accordingly, the
Commission, pursuant to Section 19(b)(2) of the Act,\9\ designates May
17, 2026, as the date by which the Commission shall either approve or
disapprove the proposed rule change, as modified by Amendment No. 1
(File No. SR-NASDAQ-2025-069).
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\9\ 15 U.S.C. 78s(b)(2).
[[Page 12645]]
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For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\10\
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\10\ 17 CFR 200.30-3(a)(57).
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Vanessa A. Countryman,
Secretary.
[FR Doc. 2026-05018 Filed 3-13-26; 8:45 am]
BILLING CODE 8011-01-P
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