📈Proposed Rule Change for NYSE Arca and Intercontinental Exchange
Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend the Sixth Amended and Restated Certificate of Incorporation of Intercontinental Exchange, Inc. and Ninth Amended and Restated Certificate of Incorporation of Intercontinental Exchange Holdings, Inc.
Summary
This regulatory notice outlines a proposed rule change by NYSE Arca to amend the corporate charters of Intercontinental Exchange, Inc. and its Holdings. The changes primarily address regulations surrounding security-based swap execution facilities, update Delaware office registration information, and introduce non-substantive amendments to the charter documents to ensure compliance with applicable laws, enhancing corporate governance and operational alignment.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule changes impact business compliance and regulatory requirements, particularly regarding security-based swap execution facilities (SBSEFs). They introduce limitations on stockholder voting and ownership which may affect how businesses manage their equity structures and governance.