4 Mar 2025
📈New Proposed Rule Change by NYSE National for ETP Holders
Self-Regulatory Organizations; NYSE National, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change for New Rule 10.7000
Summary
The Securities and Exchange Commission announces a proposed rule change from NYSE National, establishing a new Rule 10.7000 Series focused on the review and appeal of adverse actions. This new rule seeks to reinstate provisions inadvertently deleted in 2018 and includes important changes to application procedures and revocations relevant to ETP holders. Interested parties are invited to submit comments on the proposal.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The regulatory notice proposes a new rule governing reviews and appeals related to adverse actions, which is directly relevant to compliance for securities firms. This change may require businesses to adjust their internal processes and procedures related to ETP holders.