# 2025-15626: NYSE Texas Halts Rules Get a Minor Polish 2025-15626, Self-Regulatory Organizations; NYSE Texas, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Rule 7.18, is a Federal Register notice from Securities and Exchange Commission published 2025-08-18, effective 2025-08-04 (as of 2026-06-08). - Canonical: https://policyrisk.com/federal-register/2025-15626 - As of: 2026-06-08 - Plain-text twin of the page above; the HTML and this file carry the same facts. ## Facts - Document number: 2025-15626 - Title: Self-Regulatory Organizations; NYSE Texas, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Rule 7.18 - Type: Notice - Agencies: Securities and Exchange Commission - Citation: 90 FR 40114 - Published: 2025-08-18 - Effective: 2025-08-04 - Comments close: not stated - Significant: no - Touches household money: no - Regulation identifier numbers: none - Last updated: 2026-06-08 ## In one line NYSE Texas Halts Rules Get a Minor Polish ## Summary NYSE Texas is updating its rules about trading pauses, called halts, to match new industry plans and make things clearer for everyone. These changes affect traders and brokers using the Exchange and take effect right away, with no new fees involved. The goal is smoother, easier-to-understand trading pauses that keep the market fair and orderly. ## Effects PRIA read - Exchange rules aligned with CTA Plan: benefit, medium. On August 4, 2025, NYSE Texas filed an immediate-effectiveness change to amend Rule 7.18 so its halt rules conform to the Second Restatement of the CTA Plan and the Restated CQ Plan. The change also makes conforming edits to Rules 1.1, 7.11, and 7.35, and the Exchange said there are no new fees tie… - New defined halt terms added: benefit, low. The Exchange adds new definitions to Rule 7.18, including "Primary Listing Market" (the exchange where a security has been listed the longest for dually-listed securities) and "Extraordinary Market Activity." These definitions match terms in the Amended CTA Plan and apply to Regulatory and Operatio… - SIP Halt category and five-minute notice: benefit, medium. The rule creates a new Regulatory Halt category called a "SIP Halt" for events caused by a SIP Outage or Material SIP Latency. For SIP Halts, the Exchange would provide a minimum five-minute notice of the SIP Halt Resume Time to allow market participants to prepare to enter orders. - Halt start time fixed at declaration: mixed, medium. The rule states the official start time of a Regulatory Halt is the time the Primary Listing Market declares the halt, even if notice dissemination is delayed. The Exchange may, in exigent circumstances, apply a halt retroactively, and it can revisit trades that occurred after the declared start ti… - Redundant halt communications required: benefit, low. If the SIP cannot disseminate a Regulatory Halt notice, the Primary Listing Market will use additional means such as proprietary data feeds, posting on a public Exchange website, or system status messages to notify Trading Centers. Each Participant must continuously monitor these protocols during m… - UTP Regulatory Halts honored by Exchange: benefit, medium. The Exchange will halt trading in a UTP Security when the Primary Listing Market for that security declares a Regulatory Halt. The rule also states the Exchange will not conduct a Trading Halt Auction to resume trading after a Regulatory Halt in a UTP Security. - Standardized resumption rules and exceptions: benefit, medium. For Regulatory Halts other than SIP Halts, the Exchange will generally resume trading with a Trading Halt Auction under Rule 7.35, except in specific cases: Limit Up Limit Down pauses (Rule 7.11), Market-Wide Circuit Breakers (Rule 7.12), Reverse Stock Split Halts (resume with an auction at 9:00 a.… - Trader notice before implementation: benefit, low. The Exchange will publish a trader notice at least 30 business days before implementing the proposed changes in conjunction with other SROs. This notice period is intended to give market participants time to prepare. ## Related documents - [2026-20466](https://policyrisk.com/federal-register/2026-20466): Adviser and Regulated Fund Custody Rules; Crypto Custody Rules, 2026-10-06 - [2026-19260](https://policyrisk.com/federal-register/2026-19260): Rescission of Rule 14a-8's Federal Regulation of Shareholder Proposals and Amendments to Rule 14a-4, 2026-09-21 - [2026-18424](https://policyrisk.com/federal-register/2026-18424): Political Contributions by Certain Investment Advisers, 2026-09-10 - [2026-18190](https://policyrisk.com/federal-register/2026-18190): Transfer Agent Rules, 2026-09-04 - [2026-17183](https://policyrisk.com/federal-register/2026-17183): Regulation Crypto Assets, 2026-08-21 - [2026-12163](https://policyrisk.com/federal-register/2026-12163): The Trade-Through Rule and Locked and Crossed Markets Provisions of Regulation NMS, 2026-06-17 ## Sources - [2025-15626 on federalregister.gov](https://www.federalregister.gov/documents/2025/08/18/2025-15626/self-regulatory-organizations-nyse-texas-inc-notice-of-filing-and-immediate-effectiveness-of) - [2025-15626 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2025-08-18/pdf/2025-15626.pdf) ## Related - [Previous: 2025-15625, Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of Filing and Immedi…](https://policyrisk.com/federal-register/2025-15625) - [Next: 2025-15627, Self-Regulatory Organizations: Long-Term Stock Exchange, Inc.; Notice of Filing…](https://policyrisk.com/federal-register/2025-15627) - [All Federal Register documents](https://policyrisk.com/federal-register) Source: PRIA, https://policyrisk.com/federal-register/2025-15626 (as of 2026-06-08).