What does it mean if an instrument is always halted when SecurityTradingStatusReasonType is “Administrative” or “Regulatory”?
“Administrative” and “Regulatory” status reasons indicate valid halted states, even when the SecurityTradingStatus is displayed as “Trading.”
When the SecurityTradingStatus is shown as “Trading”, it is most common that the associated SecurityTradingStatusReasonType will be “Administrative.” In certain cases, it may also display as “Regulatory.”
Both status reasons are valid and may appear when an instrument is halted. These designations are used for transparency in identifying the type of restriction applied, either administrative or regulatory in nature.