14 Mar 2025
📉NYSE Proposes Rule Change on Compliance and Fee Requirements
Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Designation of a Longer Period for Commission Action on 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 S
Summary
The SEC is considering a proposed rule change from the NYSE that stipulates companies must pay all outstanding fees before their compliance plans can be reviewed. Failure to comply will lead to immediate suspension and delisting procedures, emphasizing the importance of financial obligations to maintain listing standards.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule change by the NYSE will directly affect businesses listed on the Exchange, as compliance plans will not be considered unless all fees are paid. This increases the financial pressure on companies to maintain compliance with listing standards and avoid delisting, impacting their operational viability.