18 Jul 2025
📈NYSE American Proposes Rule Change for Limited Underwriting Members
Self-Regulatory Organizations; NYSE American LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change Establishing Limited Underwriting Members
Summary
The NYSE American proposes a rule change establishing a new category of Limited Underwriting Members to optimize the underwriting process for companies seeking initial listings. The change focuses on enhancing regulatory compliance and ensuring that underwriters meet specific membership criteria, aiming to bolster integrity in the capital markets.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule change introduces the Limited Underwriting Members category, requiring an issuer to have a principal underwriter who meets specific guidelines to access the NYSE American. This creates additional regulatory compliance requirements for businesses seeking to list and proceed with underwriting activities, directly affecting their operational processes.