Notice2026-19515
Self-Regulatory Organizations; Texas Stock Exchange LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Modify the Processing of Orders During a Regulatory Halt and Certain Aspects of the Exchange's IPO Auctions, Halt Auctions, and Volatility Closing Auctions
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
September 24, 2026
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 91 Issue 184 (Thursday, September 24, 2026)</title>
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[Federal Register Volume 91, Number 184 (Thursday, September 24, 2026)]
[Notices]
[Pages 60665-60669]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-19515]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-106450; File No. SR-TXSE-2026-032]
Self-Regulatory Organizations; Texas Stock Exchange LLC; Notice
of Filing and Immediate Effectiveness of a Proposed Rule Change To
Modify the Processing of Orders During a Regulatory Halt and Certain
Aspects of the Exchange's IPO Auctions, Halt Auctions, and Volatility
Closing Auctions
September 21, 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 September 15, 2026, Texas Stock Exchange LLC (the ``Exchange'' or
``TXSE'') filed with the Securities and Exchange Commission
(``Commission'') the proposed rule change as described in Items I and
II, 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 is filing with the Securities and Exchange Commission
(``Commission'') a proposed rule change to amend Rules 11.020H and
11.022 to modify the processing of orders during a Regulatory Halt and
certain aspects of the Exchange's IPO Auctions, Halt
[[Page 60666]]
Auctions, and Volatility Closing Auctions, including the orders
eligible to participate, the information disseminated during an
auction, extensions of the Quote-Only Period, and auction-price
selection. The text of the proposed rule change is available on the
Commission's website (<a href="https://www.sec.gov/rules/sro.shtml">https://www.sec.gov/rules/sro.shtml</a>) at the
Exchange's website (<a href="https://www.txse.com/regulations/rules-filings">https://www.txse.com/regulations/rules-filings</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 parts of such
statements.
A. Self-Regulatory Organization's Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule Change
1. Purpose
The Exchange proposes to amend Rules 11.020H and 11.022 to update
the manner in which the Exchange processes certain orders during a
Regulatory Halt and conducts Halt Auctions and Volatility Closing
Auctions.
Order Processing During a Regulatory Halt
First, the Exchange proposes to amend Rule 11.020H(b)(7)(A), which
governs the processing of new and existing orders during a Regulatory
Halt that will reopen with a Halt Auction. The Exchange is proposing to
make several changes to Rule 11.020(H)(b)(7)(A)(i) through (vi), as
further laid out below.
Rule 11.020H(b)(7)(A)(i) and (ii) currently provide that the
Exchange will (i) cancel any unexecuted portion of Non-Displayed Limit
Orders and orders with a Peg instruction (i.e., Midpoint Peg, Market
Peg, Primary Peg, and Offset Peg, and excluding Market Maker Peg
Orders) and (ii) maintain any unexecuted quantity of Market Orders. The
Exchange is proposing to remove current paragraph (i) such that: (a)
orders with a Peg instruction will not be cancelled and instead remain
unexecutable on the TXSE Book \3\ until the NBBO is available after the
Halt Auction at which point the orders will be pegged as instructed;
and (b) a Non-Displayed Limit Orders will not be cancelled and instead
will remain on the TXSE Book and be eligible to participate in the
auction. A User may cancel an order, including a Non-Displayed Limit
Order and an order with a Peg instruction, at any point during the halt
if they do not want their order to be treated as described above. The
Exchange is proposing to remove current paragraph (ii) because Market
Orders are only eligible to be entered as immediate-or-cancel orders on
the Exchange, so the concept of an ``unexecuted quantity of Market
Orders'' does not exist on the TXSE Book.
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\3\ As defined in Rule 1.005(ii) the term ``TXSE Book'' shall
mean the System's electronic file of orders.
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The Exchange is proposing to make similar changes to Rule
11.020H(b)(7)(A)(v). Currently, existing Rule 11.020H(b)(7)(A)(v)
provides that the Exchange would reject incoming orders designated IOC,
Non-Displayed Limit Orders, and Pegged Orders. Consistent with the
change proposed above that would provide that the Exchange would not
cancel Non-Displayed Orders and Pegged Orders, the Exchange is
proposing to amend Rule 11.020H(b)(7)(A)(v) such that it would not
reject Non-Displayed Limit Orders and Pegged Orders when entered during
a Regulatory Halt. The Exchange would continue to reject orders
designated as IOC.
The Exchange is also proposing to change proposed Rule
11.020H(b)(7)(A)(iv) (currently Rule 11.020H(b)(7)(A)(vi)). The Rule
currently provides that the Exchange will accept all other incoming
order instructions until the Auction for the Trading Halt Auction, at
which point Rule 11.022(d) will govern the entry of incoming orders and
order instructions. The Exchange is proposing to amend the Rule in
order to make clear that the Exchange would accept other incoming order
instructions only to the extent permitted under Rule 11.022(d), which
governs order entry for IPO and Halt Auctions, as opposed to the
current rule text that implies that the Exchange will continue to
accept all other order instructions up to the time that the Halt
Auction occurs, even where such instructions contradict Rule 11.022(d).
The Exchange is not proposing to change the requirement to re-price
resting orders in the Exchange Book to their limit price and would
continue to permit Users to cancel orders during the Regulatory Halt.
Orders Eligible for a Halt Auction
Second, the Exchange proposes to amend the definition of Eligible
Auction Order in Rule 11.022(a)(8).\4\ The definition currently
provides in part that any ``limit or market order not designated to
exclusively participate in the Opening Auction or Closing Auction
entered during the Quote-Only Period of a Halt Auction'' is an Eligible
Auction Order. The Exchange is proposing to delete the words ``or
market'' from the definition so that only limit orders, rather than
both limit and market orders, may be entered during the Quote-Only
Period for a Halt Auction. The proposal would provide a limited
exception for MOO orders queued (i.e., received prior to 9:28 a.m. ET)
before Regular Trading Hours when a Pre-Market Session halt continues
through the start of Regular Trading Hours. Those queued MOO orders
would be eligible to participate in the Halt Auction.\5\
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\4\ As provided in Rule 11.022(a)(8), the term ``Eligible
Auction Order'' shall mean any MOO, LOO, LOO.L, MOC, LOC or LOC.L
order that is entered in compliance with its respective cutoff for
an Opening Auction or Closing Auction, any RHO order prior to the
Opening Auction, any limit or market order not designated to
exclusively participate in the Closing Auction entered during the
Quote-Only Period of an IPO Auction subject to the below
restrictions, and any limit or market order not designated to
exclusively participate in the Opening Auction or Closing Auction
entered during the Quote-Only Period of a Halt Auction.
\5\ The Exchange notes that this functionality for MOO orders
participating in a Halt Auction is substantively identical to the
MOO functionality of Investors Exchange LLC (``IEX''). See IEX Rule
11.350(a)(25).
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Halt and Volatility Closing Auction Information
Third, the Exchange proposes to revise the information disseminated
for a Halt Auction under Rule 11.022(d)(2)(A). Beginning with the
Quote-Only Period and every five seconds thereafter, the Exchange would
disseminate the applicable Halt Auction Collars, Lower Collar Auction
Interest, and Upper Collar Auction Interest. Lower Collar Auction
Interest would reflect Eligible Auction Order shares to buy and sell
that are priced at or more aggressively than the lower Halt Auction
Collar. Upper Collar Auction Interest would reflect Eligible Auction
Order shares to buy and sell that are priced at or more aggressively
than the upper Halt Auction Collar. The Exchange would no longer
disseminate the Reference Price, Indicative Price, Auction Only Price,
Halt Auction Reference Price, or the lesser of
[[Page 60667]]
Reference Buy Shares and Reference Sell Shares for a Halt Auction. For
a Volatility Closing Auction, the Exchange proposes to amend Rule
11.022(e)(2)(A) to disseminate the Halt Auction Collars, Lower Collar
Auction Interest, and Upper Collar Auction Interest in place of the
Reference Price, Indicative Price, Auction Only Price, and the lesser
of Reference Buy Shares and Reference Sell Shares. The Exchange notes
that both of these changes are very similar to the functionality
associated with the Opening and Closing Auctions in which the Exchange
disseminates the same data points except, in this instance,
disseminating the Lower Collar Auction Interest and Upper Collar
Auction Interest instead of the Lower Band Auction Interest and Upper
Band Auction Interest.
Extensions of the Quote-Only Period
Fourth, based on the proposed changes above, market orders would
not be eligible for a Halt Auction, and thus the Exchange proposes to
amend Rule 11.022(d)(2)(C) in order to remove unmatched market orders
as a condition that would extend the Quote-Only Period. The Exchange is
also proposing to amend Rule 11.022(d)(2)(C) to eliminate the term
Indicative Price and replace it with ``the price at which the Halt
Auction would occur.'' Consistent with other changes proposed herein,
the Exchange is proposing this change to make its Rules more clear
because it will not publish the Indicative Price. This proposed change
does not change the Halt Auction functionality. The Quote-Only Period
would continue to be extended when the Halt Auction would occur, before
application of the Halt Auction Collars, outside the applicable
collars.
Halt and Volatility Closing Auction Price Selection
Fifth, the Exchange proposes to amend Rule 11.022(d)(2)(E) to add a
step to the price-selection process for IPO and Halt Auctions. After
maximizing executable volume and minimizing total imbalance, the
Exchange would select the entered price at which shares would remain
unexecuted. If more than one price remains, the Exchange would then
select the price closest to the issuing price for an IPO Auction or the
Final Last Sale Eligible Trade for a Halt Auction. The Exchange also
proposes to amend Rule 11.022(e)(2)(B) to add the entered price at
which shares would remain unexecuted as a price-selection step after
minimizing total imbalance and before selecting the price closest to
the Final Last Sale Eligible Trade. The Exchange notes that this is
substantively identical to the process for its Opening and Closing
Auctions under Rules 11.022(b)(2)(B) and 11.022(c)(2)(B), respectively.
Volatility Closing Auctions
Sixth, the Exchange proposes several changes to the Volatility
Closing Auction under Rule 11.022(e). The Exchange would remove
references that limit the process to halts initiated under Rule 11.021,
so that the Volatility Closing Auction provisions apply whenever a
security is halted during the specified period before the close or a
Halt Auction Quote-Only Period would otherwise extend beyond the
applicable cutoff.
Clean-Up Changes
Finally, the Exchange is proposing to make certain clean-up changes
to make the proposed rules more clear and understandable, including
renumbering the sub-rules under Rule 11.020H(b)(7)(A) and deleting the
word ``other'' from proposed Rule 11.020H(b)(7)(A)(i) (currently Rule
11.020H(b)(7)(A)(iii)) which currently reads ``re-price all other
resting orders in the Exchange Book to their limit price'' because the
Exchange is proposing to delete the currently preceding two paragraphs,
so the word ``other'' is no longer necessary.
2. Statutory Basis
The Exchange believes the proposed rule change is consistent with
the Act and the rules and regulations thereunder applicable to the
Exchange and, in particular, the requirements of Section 6(b) of the
Act.\6\ Specifically, the Exchange believes the proposed rule change is
consistent with the objectives of Section 6(b)(5) \7\ requirements that
the rules of an exchange be designed to prevent fraudulent and
manipulative acts and practices, to promote just and equitable
principles of trade, to foster cooperation and coordination with
persons engaged in regulating, clearing, settling, processing
information with respect to, and facilitating transactions in
securities, 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.
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\6\ 15 U.S.C. 78f(b).
\7\ 15 U.S.C. 78f(b)(5).
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Order Processing During a Regulatory Halt
The Exchange believes that the proposed changes to the processing
of orders during a Regulatory Halt would provide for the consistent and
predictable treatment of orders during a Regulatory Halt. The proposal
would permit resting Non-Displayed Limit Orders to participate in the
Halt Auction and would allow orders with a Peg instruction to remain on
the TXSE Book in an unexecutable state until the NBBO becomes available
after the Halt Auction. It would also permit Non-Displayed Limit Orders
and Pegged Orders to be entered during a halt. Users would continue to
be able to cancel their orders during the halt. The proposal would also
make clear that the Exchange will accept incoming order instructions
only to the extent permitted under Rule 11.022(d). The Exchange
believes that the proposed change would promote just and equitable
principles of trade, remove impediments to and perfect the mechanism of
a free and open market, and protect investors and the public interest
by providing for clear and consistent order handling during a
Regulatory Halt. The proposed change makes clear to Users that the
default behavior on the Exchange is to keep both Pegged Orders and Non-
Displayed Limit Orders on the TXSE Book in the event of a Regulatory
Halt. It further provides them with more flexibility for order
handling--by leaving the orders on the TXSE Book, they have the option
to leave their orders on the TXSE Book or to cancel the orders during
the halt. As noted above, Pegged Orders will remain queued until the
NBBO becomes available after the Halt Auction, which the Exchange
believes is more consistent with the behavior that Users would expect
of Pegged Orders than to cancel them, particularly Rule 11.007(c)(7)
which provides that Pegged Orders continue to rest on the TXSE Book in
an unexecutable state where there is no NBBO. Similarly, the Exchange
believes that consistent treatment between Displayed Limit Orders and
Non-Displayed Limit Orders (remaining on the TXSE Book and eligible to
participate in the auction) is more in line with what Users would
expect. Again, the Exchange notes that this behavior results in more
User flexibility and such orders could be cancelled during the halt if
a User prefers not to remain on the TXSE Book.
Orders Eligible for a Halt Auction
The Exchange believes that permitting only limit orders to be
entered during the Quote-Only Period for a Halt Auction, which would
require each order to include a specified maximum purchase price or
minimum sale price, is consistent with the Act because it
[[Page 60668]]
allows price discovery during a Halt Auction through the entry of
aggressive limit orders while keeping halt auction order entry
generally consistent with the treatment of Market Orders, which may
only be entered as immediate-or-cancel rather than resting on the TXSE
Book. The limited exception for MOO orders queued before Regular
Trading Hours would allow previously entered opening interest to
participate when a Pre-Market Session halt continues through the start
of Regular Trading Hours, again, generally consistent with existing
Exchange functionality. The Exchange believes that requiring orders
entered during the Quote-Only Period to specify a limit price while
preserving the treatment of previously queued MOO orders would promote
fair and orderly Halt Auctions and thereby protect investors and the
public interest by allowing price discovery during a Halt Auction
through the entry of aggressive limit orders and the participation of
MOO orders under limited circumstances while keeping functionality
generally consistent with other Exchange functionality.
Halt and Volatility Closing Auction Information
The Exchange believes that the proposed changes to the information
disseminated for Halt Auctions and Volatility Closing Auctions would
provide Users with information regarding the applicable auction collars
and the amount of eligible buy and sell interest priced at or more
aggressively than each collar. This information would allow Users to
assess the amount of eligible auction interest relative to the range
within which the auction may occur. The proposed information would also
be similar to the information disseminated for the Exchange's Opening
and Closing Auctions,\8\ modified to reflect the use of Halt Auction
Collars. The Exchange believes that providing Users with information
regarding the applicable collars and the eligible interest at those
collars would promote transparency, remove impediments to and perfect
the mechanism of a free and open market, and protect investors and the
public interest by providing a deterministic, market-based solution to
creating orderly auctions that ensures that participants have a view
into the liquidity interest in the auction while mitigating volatility.
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\8\ See, Securities Exchange Act Release No. 105988 (July 24,
2026), 91 FR 47860 (July 29, 2026) (SR-TXSE-2026-006) (Order
Approving a Proposed Rule Change, as Modified by Amendment No. 1, To
Amend Certain Parts of Its Opening and Closing Auctions) (the ``TXSE
Auction Filing'').
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Extensions of the Quote-Only Period
The Exchange believes that removing unmatched market orders as a
condition for extending the Quote-Only Period is appropriate because,
based on the changes proposed herein, market orders generally would no
longer be eligible for an intraday Halt Auction. Replacing the term
``Indicative Price'' with ``the price at which the Halt Auction would
occur'' would make the Rule more clear because the Exchange will not
publish an Indicative Price. This change would not modify the
applicable extension condition. The Quote-Only Period would continue to
be extended when the Halt Auction would occur, before application of
the Halt Auction Collars, outside the applicable collars. The Exchange
believes that removing an inapplicable extension condition and more
accurately describing the price used to determine whether an extension
is required is a conforming change that would make the Exchange's Rules
clearer and more transparent, thereby removing impediments to and
perfecting the mechanism of a free and open market.
Halt and Volatility Closing Auction Price Selection
The Exchange believes that adding the entered price at which shares
would remain unexecuted to the price-selection process for IPO, Halt,
and Volatility Closing Auctions would provide for a clear and
consistent method of selecting an auction price after executable volume
has been maximized and total imbalance has been minimized. This price-
selection step is substantively identical to the process used for the
Exchange's Opening and Closing Auctions.\9\ The Exchange believes that
applying a clear and consistent price-selection process across the
Exchange's auctions would promote just and equitable principles of
trade, facilitate fair and orderly auctions, and protect investors and
the public interest.
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\9\ See TXSE Auction Filing and TXSE Rules 11.022(b)(2)(B) and
11.022(c)(2)(B), respectively.
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Volatility Closing Auctions
The Exchange believes that applying the Volatility Closing Auction
provisions whenever a security is halted during the specified period
before the close, or when the Quote-Only Period for a Halt Auction
would otherwise extend beyond the applicable cutoff, would promote the
fair and orderly closing of Exchange-listed securities under volatile
market conditions. The proposal would provide for a consistent closing
process without regard to the rule under which the applicable halt was
initiated. The Exchange believes that providing for a consistent
closing process when an Exchange-listed security cannot reopen before
the applicable cutoff would remove impediments to and perfect the
mechanism of a free and open market and protect investors and the
public interest because it would provide for consistency and
predictability around the market close where a halt is occurring,
allowing market participants to know with certainty how the Exchange's
closing process will occur.
Clean-Up Changes
Finally, the Exchange believes that the proposed clean-up changes
would make the Exchange's Rules more clear and understandable without
changing their substantive operation. The Exchange believes that
maintaining clear and internally consistent Rules would remove
impediments to and perfect the mechanism of a free and open market and
protect investors and the public interest.
For these reasons, the Exchange believes that the proposed rule
change is consistent with Section 6(b)(5) of the Act.
B. Self-Regulatory Organization's Statement on Burden on Competition
The Exchange does not believe that the proposed rule change would
impose any burden on competition that is not necessary or appropriate
in furtherance of the purposes of the Act.
The proposed rule change is not intended to address competitive
issues but rather to update the Exchange's processing of orders during
a Regulatory Halt and the operation of its Halt and Volatility Closing
Auctions. The proposed changes would apply equally to all Users, and
the distinctions among eligible order instructions would be based on
the characteristics of those instructions and their compatibility with
the applicable auction process.
The proposal would not impose an undue burden on intermarket
competition because it concerns the manner in which the Exchange
conducts auctions in Exchange-listed securities. The proposal would not
impose any restriction on the ability of other exchanges to compete for
listings or order flow or to adopt their own auction functionality.
[[Page 60669]]
C. Self-Regulatory Organization's Statement on Comments on the Proposed
Rule Change Received From Members, Participants, or Others
The Exchange neither solicited nor received written comments on the
proposed rule change.
III. Date of Effectiveness of the Proposed Rule Change and Timing for
Commission Action
The foregoing rule change has become effective pursuant to Section
19(b)(3)(A)(iii) \10\ of the Act and Rule 19b-4(f)(6) \11\ thereunder
in that it effects a change that: (i) does not significantly affect the
protection of investors or the public interest; (ii) does not impose
any significant burden on competition; and (iii) by its terms, does not
become operative for 30 days after the date of the filing, or such
shorter time as the Commission may designate if consistent with the
protection of investors and the public interest.
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\10\ 15 U.S.C. 78s(b)(3)(A)(iii).
\11\ 17 CFR 240.19b-4(f)(6).
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Furthermore, Rule 19b-4(f)(6)(iii) \12\ requires a self-regulatory
organization to give the Commission written notice of its intent to
file a proposed rule change under that subsection at least five
business days prior to the date of filing, or such shorter time as
designated by the Commission. The Exchange has provided such notice.
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\12\ 17 CFR 240.19b-4(f)(6)(iii).
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A proposed rule change filed pursuant to Rule 19b-4(f)(6) under the
Act \13\ normally does not become operative for 30 days after the date
of its filing. However, Rule 19b-4(f)(6)(iii) \14\ permits the
Commission to designate a shorter time if such action is consistent
with the protection of investors and the public interest. The Exchange
has requested that the Commission waive the 30-day operative delay so
that the proposed rule change may become operative upon filing. The
Exchange states that the proposed rule change will provide for clear
and predictable order handling during a Regulatory Halt. The Exchange
further states that certain of the proposed changes are substantively
identical or similar to functionality already applicable to the
Exchange's Opening and Closing Auctions,\15\ and the proposed changes
raise no new or novel issues. Therefore, the Commission believes that
waiver of the operative delay would be consistent with the protection
of investors and the public interest. Accordingly, the Commission
hereby waives the operative delay and designates the proposal operative
upon filing.\16\
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\13\ 17 CFR 240.19b-4(f)(6).
\14\ 17 CFR 240.19b-4(f)(6)(iii).
\15\ See Securities Exchange Act Release No. 81316 (August 4,
2017), 82 FR 37474 (August 10, 2017) (SR-IEX-2017-10) Notice of
Filing of Amendment No. 2 and Order Granting Accelerated Approval of
Proposed Rule Change, as Modified by Amendment No. 2, Relating to
Auctions in IEX-Listed Securities, Dissemination of Auction-Related
Market Data, and Trading Halts and Pauses) (the ``IEX Filing'') and
IEX Rule 11.350(a)(25). See also TXSE Auction Filing.
\16\ For purposes only of waiving the 30-day operative delay,
the Commission has considered the proposed rule's impact on
efficiency, competition, and capital formation. See 15 U.S.C.
78c(f).
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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 will institute proceedings under
Section 19(b)(2)(B) of the Act \17\ to determine whether the proposed
rule change should be approved or disapproved.
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\17\ 15 U.S.C. 78s(b)(2)(B).
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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#8cfef9e0e9a1efe3e1e1e9e2f8ffccffe9efa2ebe3fa"><span class="__cf_email__" data-cfemail="cdbfb8a1a8e0aea2a0a0a8a3b9be8dbea8aee3aaa2bb">[email protected]</span></a>. Please include
file number SR-TXSE-2026-032 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-TXSE-2026-032. 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-TXSE-2026-032 and should be submitted on
or before October 15, 2026.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\18\
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\18\ 17 CFR 200.30-3(a)(12), (59).
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Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2026-19515 Filed 9-23-26; 8:45 am]
BILLING CODE 8011-01-P
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