27 May 2025
📈NYSE Rule Change
Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing of Amendment No. 1 and Order Granting Accelerated Approval of a Proposed Rule Change, as Modified by Amendment No. 1, To Amend Sections 802.02 and 802.03 of the NYSE Listed Company Manual To Provide 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 Commence Susp
Summary
The NYSE has proposed a rule change to ensure that listed companies below compliance standards must pay all outstanding fees before their compliance plans will be reviewed. This amendment aims to streamline the delisting process and improve financial accountability, potentially affecting liquidity and operational costs for businesses facing compliance issues.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The regulatory text mandates that companies below listing standards pay outstanding fees prior to the review of compliance plans, with failure to do so leading to suspension and delisting. This increases financial accountability and may impact operational cash flow for affected businesses.