17 Jan 2025
📈NYSE Proposes New Compliance Rules Impacting Delisting and Fees
Self-Regulatory Organizations; New York Stock Exchange LLC; Order Instituting Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change To Adopt a Provision That the Exchange Will Not Review a Compliance Plan Submitted by a Listed Company That Is Below Compliance With a Continued Listing Standard If the Company Owes Any Unpaid Fees to the Exchange and Will Instead Immediately Commence Suspension and Delisting Procedures If Such Fees Are Not Paid in Full
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule changes by the NYSE will directly affect compliance requirements for listed companies by imposing immediate suspension and delisting procedures for companies that fail to pay outstanding fees while under compliance plans, which significantly impacts financial obligations for business owners.