Somaliland’s House of Elders approved a 27-month term extension for the House of Representatives and district councils in April 2026, citing security threats in the eastern regions, drought conditions, and technical hurdles with voter registration. This decision postponed parliamentary elections originally slated for May 2026 and established a new target of March 2027 alongside municipal polls. The National Electoral Commission and political parties aligned with the delay, reflecting institutional consensus amid ongoing regional instability. Trader pricing heavily favors no vote before 2027 because the extension remains in force and no reversal has occurred. An earlier contest would require the Guurti to rescind its action or a sudden security breakthrough enabling nationwide balloting, neither of which appears imminent under present conditions.