1 Jul 2025
🔍Proposed Rule Change by NYSE Texas on SBSEFs and Corporate Amendments
Self-Regulatory Organizations; NYSE Texas, 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
The Securities and Exchange Commission has announced the proposed rule change by NYSE Texas to amend the certificates of incorporation for the Intercontinental Exchange, Inc. and its holdings. Key changes involve limitations on ownership and voting in relation to registered security-based swap execution facilities, alongside updates to address and non-substantive alterations to corporate documents.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change directly affects businesses by amending corporate governance structures, particularly concerning security-based swap execution facilities (SBSEFs) and the limitations on voting rights and ownership. This signifies potential compliance costs and operational adjustments for affected members and stakeholders.