6 Mar 2025
📈NYSE Chicago's Proposed Rule Change for Corporate Structure
Self-Regulatory Organizations; NYSE Chicago, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Repeal the Exchange's Certificate of Incorporation; Adopt the Certificate of Formation of NYSE Texas, Inc.; Amend the Exchange's By-Laws, Rules, and Certain Fee Schedules; and Amend the Certificate of Incorporation and By-Laws of the Exchange's Holding Company To Reflect the Conversion of the Exchange to a Texas Corporation and the Renaming of NYSE Chicago Holdings, Inc.
Summary
NYSE Chicago, Inc. filed to repeal its Certificate of Incorporation and adopt a new Certificate of Formation as part of a conversion to a Texas corporation. The changes also include amendments to bylaws, rules, and fee schedules to align with this transition. The proposal has been designated for immediate effectiveness, with the SEC inviting public comment.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule change involves significant alterations to the corporate structure of NYSE Chicago, including changes to its certificate of incorporation and bylaws. These modifications can affect compliance, governance, and operational protocols, directly impacting business owners and executives involved in financial services and trading.