8 Jan 2025

📈Nasdaq Proposes Rule Change on Class and Series Definitions

Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Definitions of “Class” and “Series” To Harmonize Terms With Affiliated Exchanges

Agencies

  • Securities and Exchange Commission

Business Impact ?

$$ - Med

The proposed rule changes to amend the definitions of “class” and “series” could impact compliance and regulatory requirements for businesses trading on Nasdaq. These changes aim to harmonize terms with affiliated exchanges, which may necessitate adjustments in trading practices and reporting protocols.

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