Non-Regulatory Halt
In the event a non-regulatory (Supervisory) halt is issued by a Cboe Equities market, all open orders will immediately be cancelled. Open orders will not be eligible to be rolled over or queued during a non-regulatory halt. All orders received during a non-regulatory halt will be rejected. The actions following the non-regulatory halt will be determined by the following scenarios:
If the non-regulatory halt is issued after the Market Opening (i.e. after the Opening Match or CFO), then the non-regulatory halt phase will transition directly into the Regular Trading phase following the non-regulatory halt being lifted.
If the non-regulatory halt is issued and lifted before the completion of the Market Opening, then the non-regulatory halt phase will return to the Market Opening Process following the non-regulatory halt being lifted.
If the non-regulatory halt is issued before the Market Opening, but the Market Opening is completed prior to the non-regulatory halt being lifted, then the non-regulatory halt phase will transition directly into Regular Trading following the non-regulatory halt being lifted.
If the non-regulatory halt is issued before the Market Opening is completed and a Regulatory Halt is received prior to the non-regulatory halt being lifted, then the security will return to the Market Re-Opening Process following the non-regulatory being lifted.
If the non-regulatory halt is issued where the Market Opening is completed prior to the non-regulatory halt being lifted AND a Regulatory Halt is received and lifted subsequent to the non-regulatory halt being lifted, then upon the non-regulatory halt lift Cboe will transition directly into the Regular Trading phase.