SEC Extends Review Period for Nasdaq IM-5101-4 Listing Rule

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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. [FR Doc. 2026-07686 Filed 4-20-26; 8:45 am] BILLING CODE 8011-01-P

Footnotes

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

(2) 17 CFR 240.19b-4.

(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.

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

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

(6) 17 CFR 200.30-3(a)(31).

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