Type:Notice
Citation:86 FR 640
Reading Time:about 9 minutes
The Nasdaq Stock Market LLC has proposed a rule change to waive certain fees for listing non-convertible bonds. This waiver applies when these bonds are voluntarily delisted from a foreign regulated exchange and then listed on Nasdaq. The change aims to eliminate the burden of paying fees to both exchanges, making it more attractive for companies to list their bonds on Nasdaq. This proposal is believed to be fair, not discriminatory, and aligns with practices on other exchanges.
Simple Explanation
The Nasdaq Stock Market LLC wants to stop charging some fees to companies if they move their special kind of bonds from another country to Nasdaq. This is supposed to make it cheaper and nicer for those companies to list their bonds on Nasdaq instead.