30 Jul 2025
📈NYSE Proposes Rule Change on Annual Shareholder Meeting Exemption
Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change Amending Section 302.00 of the NYSE Listed Company Manual
Summary
The New York Stock Exchange has proposed a rule change to exempt closed-end management investment companies from the requirement to hold annual shareholder meetings. This notice, published by the Securities and Exchange Commission, allows for an extended review period for the Commission to consider the implications of this proposal thoroughly.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change by the NYSE, which seeks to exempt closed-end management investment companies from annual shareholder meetings, has compliance implications for affected companies and may impact their governance structures. This could influence shareholder engagement and company management practices.