Order Granting Temporary Exemptive Relief, Pursuant to Section 36(a)(1) of the Securities Exchange Act of 1934 and Rules 610(f) and 612(d) of Regulation NMS, from Compliance With Rule 600(b)(89)(i)(F), Rule 610(c) and Rule 612 of Regulation NMS, as Amended

. On December 12, 2024, the Commission issued an order granting a partial stay of the effect of the amendments to Rules 600(b)(89)(i)(F), 610(c) and 612 pending the completion of judicial review.\9\ On October 14, 2025, the D.C. Circuit issued an opinion denying the petition for review.\10\ --------------------------------------------------------------------------- \8\ We the Investors et al., v. SEC, No. 24-1302 (D.C. Cir. Filed Sept. 18, 2024); We the Investors et al., v. SEC, No. 24-1303; (D.C. Cir. Filed Sept. 18, 2024); We the Investors et al., v. SEC, 24-1319 (D.C. Cir. Filed Oct. 8, 2024); Cboe Global Markets., et al., v. SEC, No. 24-1350 (D.C. Cir., filed Oct. 30, 2024). These actions were consolidated. See Cboe Global Markets, Inc., et al v. SEC, No. 24-1350 (D.C. Cir.) Doc. Nos. 2084891, 2086101. \9\ See Securities Exchange Act Release No. 101899 (Dec. 12, 2024) (Order Granting Partial Stay). The Commission did not stay amendments to Rule 610(d), Rule 603(b), and the definitions of round lot and odd-lot information in Rule 600(b). \10\ Cboe Global Markets, Inc., et al v. SEC, No. 24-1350 (D.C. Cir. Oct. 14, 2025). --------------------------------------------------------------------------- In light of the denial of the petition for review, and in anticipation of an end to the partial stay upon the completion of judicial review as well as concerns about the ability of m