📈NYSE Texas Proposes Rule Change for Affiliate Securities Listing
Self-Regulatory Organizations; NYSE Texas, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Article 22, Rule 24
Summary
The Securities and Exchange Commission has published a notice regarding NYSE Texas's proposal to amend Article 22, Rule 24, which would introduce requirements for the listing and trading of Affiliate Securities. This amendment aims to ensure that these listings meet the same rigorous standards as other securities, enhancing regulatory oversight and potentially expanding the market's offerings.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change by NYSE Texas to amend Article 22, Rule 24 introduces compliance and regulatory requirements for the listing of Affiliate Securities. This has implications for business owners as it establishes a new avenue for listing, subject to stringent regulatory oversight, which can affect capital raising and market access strategies.