Document

Consolidated Tape Association; Notice of Filing and Immediate Effectiveness of the Forty-First Amendment to the Second Restatement of the CTA Plan and Thirty-Second Amendment to the Restated CQ Plan

Securities and Exchange Commission [Release No. 34-105349; File No. SR-CTA/CQ-2026-02] May 1, 2026. Pursuant to Section 11A of the Securities Exchange Act of 1934 ("Act"), [ 1 ]...

Securities and Exchange Commission
  1. [Release No. 34-105349; File No. SR-CTA/CQ-2026-02]
May 1, 2026.

Pursuant to Section 11A of the Securities Exchange Act of 1934 (“Act”),[1] and Rule 608 thereunder,[2] notice is hereby given that on April 21, 2026, the Participants [3] in the Second Restatement of the Consolidated Tape Association (“CTA”) Plan and the Restated Consolidated Quotation (“CQ”) Plan (“CTA/CQ Plans” or “Plans”) filed with the Securities and Exchange Commission (“Commission”) a proposal to amend the Plans. The amendments represent the Forty-First Amendment to the Second Restatement to the CTA Plan and Thirty-Second Amendment to the Restated CQ Plan (“Amendments”). Under the Amendments, the Participants propose to reflect the new name of Nasdaq BX, Inc. as Nasdaq Texas, Inc. and to add the Texas Stock Exchange LLC (“TSE”) as a Participant to the Plans.[4]

The proposed Amendments have been filed by the Participants pursuant to Rule 608(b)(3)(ii) under Regulation NMS [5] as concerned solely with the administration of the Plans and as “Ministerial Amendments” under both Section IV(b) of the CTA Plan and Section IV(c) of the CQ Plan. As a result, the Amendments can be submitted by the Chairman of the Plans' Operating Committee and become effective upon filing.

The Commission is publishing this notice to solicit comments on the Amendments from interested persons. Set forth in Sections I and II is the statement of the purpose and summary of the Amendments, along with the information required by Rules 608(a) and 601(a) under the Act, as prepared and submitted by the Participants.

I. Rule 608(a)

1. Purpose of the Amendments

The above-captioned amendments effectuate a change to reflect the new name of Nasdaq BX as Nasdaq Texas. The amendment also admits the Texas Stock Exchange as a new Participant.

2. Governing or Constituent Documents

No change as a result of amendments.

3. Implementation of Amendments

Because the amendments constitute “Ministerial Amendments” under both Section IV(b) of the CTA Plan and Section IV(c) under the CQ Plan, the Chair of the Plans' Operating Committee may submit the amendments to the Commission on behalf of the Participants in the Plans. Because the Participants designate the amendments as concerned solely with the administration of the Plans, the amendments become effective upon filing with the Commission.

4. Development and Implementation Phases

No change as a result of amendments.

5. Analysis of Impact on Competition

The amendments do not impose any burden on competition because they simply effectuate a change in the name of a Participant and admit a new Participant to the Plans. For the same reasons, the Participants do not believe that the amendments introduce terms that are unreasonably discriminatory for the purposes of Section 11A(c)(1)(D) of the Exchange Act. The Texas Stock Exchange has completed the required steps to be added to the Plans.

6. Written Understanding or Agreements Relating to Interpretation of, or Participation in, Plan

Not applicable.

7. Approval by Sponsors in Accordance With Plan

See Item 3 above.

8. Description of Operation of Facility Contemplated by the Proposed Amendment

No change as a result of amendments.

9. Terms and Conditions of Access

No change as a result of amendments.

10. Method of Determination and Imposition, and Amount of, Fees and Charges

No change as a result of amendments. ( printed page 24620)

11. Method and Frequency of Processor Evaluation

No change as a result of amendments.

12. Dispute Resolution

No change as a result of amendments.

II. Rule 601(a)

1. Equity Securities for Which Transaction Reports Shall Be Required by the Plan

No change as a result of amendments.

2. Reporting Requirements

No change as a result of amendments.

3. Manner of Collecting, Processing, Sequencing, Making Available and Disseminating Last Sale Information

No change as a result of amendments.

4. Manner of Consolidation

No change as a result of amendments.

5. Standards and Methods Ensuring Promptness, Accuracy and Completeness of Transaction Reports

No change as a result of amendments.

6. Rules and Procedures Addressed to Fraudulent or Manipulative Dissemination

No change as a result of amendments.

7. Terms of Access to Transaction Reports

No change as a result of amendments.

8. Identification of Marketplace of Execution

No change as a result of amendments.

III. Solicitation of Comments

Interested persons are invited to submit written data, views, and arguments concerning the foregoing, including whether the proposed Amendments are consistent with the Act. Comments may be submitted by any of the following methods:

Electronic Comments

Paper Comments

  • 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-CTA/CQ-2026-02. 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 ( http://www.sec.gov/​rules/​sro.shtml). Copies of the filing will be available for inspection and copying at the principal offices of the Participants. 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-CTA/CQ-2026-02 and should be submitted on or before May 27, 2026.

For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.6

J. Matthew DeLesDernier,

Deputy Secretary.

Footnotes

3.  The Participants are: Cboe BYX Exchange, Inc., Cboe BZX Exchange, Inc., Cboe EDGA Exchange, Inc., Cboe EDGX Exchange, Inc., Cboe Exchange, Inc., Financial Industry Regulatory Authority, Inc., Investors' Exchange LLC, Long Term Stock Exchange, Inc., MEMX LLC, MIAX PEARL, LLC, Nasdaq BX, Inc., Nasdaq ISE, LLC, Nasdaq PHLX LLC, The Nasdaq Stock Market LLC, New York Stock Exchange LLC, NYSE American LLC, NYSE Arca, Inc., NYSE National, Inc., NYSE Texas, Inc, and 24X.

Back to Citation

4.   See Letter from Jeff Kimsey, Chair, to Vanessa Countryman, Secretary, Commission dated April 21, 2026.

Back to Citation

[FR Doc. 2026-08788 Filed 5-5-26; 8:45 am]

BILLING CODE 8011-01-P

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Federal Register Citation

Use this for formal legal and research references to the published document.

91 FR 24619

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Use this when citing the archival web version of the document.

“Consolidated Tape Association; Notice of Filing and Immediate Effectiveness of the Forty-First Amendment to the Second Restatement of the CTA Plan and Thirty-Second Amendment to the Restated CQ Plan,” thefederalregister.org (May 6, 2026), https://thefederalregister.org/documents/2026-08788/consolidated-tape-association-notice-of-filing-and-immediate-effectiveness-of-the-forty-first-amendment-to-the-second-re.