Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Make Conforming Changes To Reflect the Name Change of Nasdaq BX, Inc. to Nasdaq Texas, LLC

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<title>Federal Register, Volume 91 Issue 191 (Monday, October 5, 2026)</title>
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[Federal Register Volume 91, Number 191 (Monday, October 5, 2026)]
[Notices]
[Pages 63322-63323]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-20303]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-106556; File No. SR-NASDAQ-2026-078]


Self-Regulatory Organizations; The Nasdaq Stock Market LLC; 
Notice of Filing and Immediate Effectiveness of Proposed Rule Change To 
Make Conforming Changes To Reflect the Name Change of Nasdaq BX, Inc. 
to Nasdaq Texas, LLC

September 30, 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 18, 2026, The Nasdaq Stock Market LLC (``Nasdaq'' or 
``Exchange'') filed with the Securities and Exchange Commission 
(``SEC'' or ``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 proposes to make conforming changes to Options 7 
Section 13, Equity 4 Rule 4758, Equity 7 Section 118, Equity 7 Section 
130, Equity 7 Section 139 and Equity 7 Section 155 to reflect the name 
change of ``Nasdaq BX, Inc.'' to ``Nasdaq Texas, LLC''.
    The text of the proposed rule change is available on the Exchange's 
website at <a href="https://listingcenter.nasdaq.com/rulebook/nasdaq/rulefilings">https://listingcenter.nasdaq.com/rulebook/nasdaq/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 
Statutory Basis for, the Proposed Rule Change

1. Purpose
    The Exchange proposes to make conforming changes to Options 7 
Section 13 (Testing Facilities), Equity 4 Rule 4758 (Order Routing), 
Equity 7 Section 118 (Nasdaq Market Center Order Execution and 
Routing), Equity 7 Section 130 (Other Services), Equity 7 Section 139 
(Nasdaq Last Sale and Nasdaq Last Sale Plus Data Feeds), and Equity 7 
Section 155 (Short Sale Monitor) to reflect the name change of ``Nasdaq 
BX, Inc.'' to ``Nasdaq Texas, LLC''.
Background and Proposed Rule Change
    The Exchange's affiliate Nasdaq BX, Inc. (``Nasdaq BX'') recently 
converted 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 and changed its name to ``Nasdaq Texas, 
LLC''.\3\ The Exchange accordingly proposes conforming changes to its 
rules to reflect its affiliate's name change. Specifically, the 
Exchange proposes to replace one reference to ``Nasdaq BX, Inc.'' in 
Options 7 Section 13 with ``Nasdaq Texas, LLC''. Similarly, the 
Exchange proposes replacing five references to ``Nasdaq BX'' in Equity 
4 Rule 4758 with ``Nasdaq Texas'', twenty-five references to ``Nasdaq 
BX'' in Equity 7 Section 118 with ``Nasdaq Texas'' or ``Nasdaq Texas'', 
one reference to ``Nasdaq BX, Inc.'' in Equity 7 Section 130 with 
``Nasdaq Texas, LLC'', five references to ``Nasdaq BX'' in Equity 7 
Section 139 with ``Nasdaq Texas'', and one reference to ``Nasdaq BX'' 
in Equity 7 Section 155 with ``Nasdaq Texas''.
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    \3\ See Securities Exchange Act Release No. 34-104736 (January 
29, 2026), 91 FR 4980 (February 3, 2026) (SR-BX-2026-005).
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    The proposed changes are conforming and non-substantive in nature.
2. Statutory Basis
    The Exchange believes that its proposal is consistent with Section 
6(b) of the Act,\4\ in general, and furthers the objectives of Section 
6(b)(5) of the Act,\5\ 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, 
because ensuring that the Exchange's

[[Page 63323]]

rules accurately reflect the correct name of the Exchange's affiliate 
would contribute to the orderly operation of the Exchange by adding 
clarity and transparency. In addition, the proposed amendments would 
reduce potential investor and market participant confusion and 
therefore remove impediments to and perfect the mechanism of a free and 
open market and a national market system by ensuring that investors and 
market participants can more easily navigate, understand and comply 
with the Exchange's rules. The Exchange also believes that the proposed 
amendments remove impediments to and perfects the mechanism of a free 
and open market by ensuring that persons subject to the Exchange's 
jurisdiction, regulators, and the investing public can more easily 
navigate and understand the Exchange's rules. The proposed amendments 
would not be inconsistent with the public interest and the protection 
of investors because investors will not be harmed and in fact would 
benefit from the increased transparency and clarity, thereby reducing 
potential confusion.
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    \4\ 15 U.S.C. 78f(b).
    \5\ 15 U.S.C. 78f(b)(5).
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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 proposed rule change is not 
intended to address competitive issues but rather is concerned solely 
with updating the Exchange's rules to reflect its affiliate's name 
change.

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

    Because the foregoing proposed rule change does not: (i) 
significantly affect the protection of investors or the public 
interest; (ii) impose any significant burden on competition; and (iii) 
become operative for 30 days from the date on which it was filed, or 
such shorter time as the Commission may designate, it has become 
effective pursuant to Section 19(b)(3)(A)(iii) of the Act \6\ and 
subparagraph (f)(6) of Rule 19b-4 thereunder.\7\
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    \6\ 15 U.S.C. 78s(b)(3)(A)(iii).
    \7\ 17 CFR 240.19b-4(f)(6). In addition, Rule 19b-4(f)(6) 
requires a self-regulatory organization to give the Commission 
written notice of its intent to file the proposed rule change at 
least five business days prior to the date of filing of the proposed 
rule change, or such shorter time as designated by the Commission. 
The Exchange has satisfied this requirement.
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    A proposed rule change filed pursuant to Rule 19b-4(f)(6) under the 
Act \8\ normally does not become operative for 30 days after the date 
of its filing. However, Rule 19b-4(f)(6)(iii) \9\ 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 Exchange can immediately update its rulebook to reflect the 
name change. The Exchange states that implementing the proposed non-
substantive change as soon as possible will prevent any confusion and 
make clear through the rulebook that Nasdaq BX, Inc. no longer exists 
in name. For this reason, and because the proposed rule change raises 
no new or novel legal or regulatory issues, 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.\10\
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    \8\ 17 CFR 240.19b-4(f)(6).
    \9\ 17 CFR 240.19b-4(f)(6)(iii).
    \10\ 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 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#a1d3d4cdc48cc2ceccccc4cfd5d2e1d2c4c28fc6ced7"><span class="__cf_email__" data-cfemail="d4a6a1b8b1f9b7bbb9b9b1baa0a794a7b1b7fab3bba2">[email&#160;protected]</span></a>. Please include 
File Number SR-NASDAQ-2026-078 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-NASDAQ-2026-078. 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-NASDAQ-2026-078 and 
should be submitted on or before October 26, 2026.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\11\
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    \11\ 17 CFR 200.30-3(a)(12), (59).
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Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2026-20303 Filed 10-2-26; 8:45 am]
BILLING CODE 8011-01-P


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