NASDAQ Proposes IM-5101-4 Delisting Authority After Trading Suspension

Notice

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Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Adopt Listing Rule IM-5101-4

A Notice by the Securities and Exchange Commission on 04/21/2026

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• Public Inspection Published Document: 2026-07686 (91 FR 21358) Document Headings ###### Securities and Exchange Commission

1. [Release No. 34-105252; File No. SR-NASDAQ-2026-009] April 16, 2026. On February 20, 2026, the Nasdaq Stock Market LLC (“Exchange”) 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 IM-5101-4, which will provide Nasdaq with the authority to delist a security where the Commission has previously suspended trading and Nasdaq determines it appropriate and in the public interest to do so. The proposed rule change was published for comment in the Federal Register on March 6, 2026. [3 ]

Section 19(b)(2) of the Act [4 ] provides that within 45 days of the publication of notice of the filing of a proposed rule change, or within such longer period up to 90 days as the Commission may designate if it finds such longer period to be appropriate and publishes its reasons for so finding or as to which the self-regulatory organization consents, the Commission shall either approve the proposed rule change, disapprove the proposed rule change, or institute proceedings to determine whether the proposed rule change should be disapproved. The 45th day after publication of the notice for this proposed rule change is April 20, 2026. The Commission is extending this 45-day time period.

The Commission finds it appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised therein. Accordingly, the Commission, pursuant to Section 19(b)(2) of the Act, [5 ] designates June 4, 2026, as the date by which the Commission shall either approve or disapprove, or institute proceedings to determine whether to disapprove, the proposed rule change (File No. SR-NASDAQ-2026-009).

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

Sherry R. Haywood,

Assistant Secretary.

Footnotes

1. 15 U.S.C. 78s(b)(1).

Back to Citation 2. 17 CFR 240.19b-4.

Back to Citation 3.

 
See
Securities Exchange Act Release No. 104917 (Mar. 3, 2026), 91 FR 11104. Comments received on the proposed rule change are available at: https://www.sec.gov/​rules-regulations/​public-comments/​sr-nasdaq-2026-009.

Back to Citation 4. 15 U.S.C. 78s(b)(2).

Back to Citation 5. 15 U.S.C. 78s(b)(2).

Back to Citation 6. 17 CFR 200.30-3(a)(31).

Back to Citation [FR Doc. 2026-07686 Filed 4-20-26; 8:45 am]

BILLING CODE 8011-01-P

Published Document: 2026-07686 (91 FR 21358)