Order Granting Conditional Exemptive Relief, Pursuant to Sections 17A and 36(a) of the Securities Exchange Act of 1934, From the Definition of an “Eligible Secondary Market Transaction” in Rule 17ad-22(a)

The SEC's notice allows certain transactions to be exempt from the definition of an 'Eligible Secondary Market Transaction' under Rule 17ad-22(a) of the Securities Exchange Act of 1934. This conditional relief is aimed at easing regulatory requirements for specific market participants and will be effective starting June 23, 2026.

This notice allows for more flexibility in how certain market transactions are handled, which could lead to increased activity in those areas. The deadline of June 23, 2026, means that businesses have time to adapt to these new rules.