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The New York Stock Exchange (NYSE) has proposed changes to its pricing structure to offer more incentives for organizations to add liquidity to the Exchange. The proposed amendments include different ways to qualify for pricing credits, the elimination of certain unused pricing tiers, and the introduction of new ones. The changes are intended to attract more trading activity on the NYSE by making it more advantageous for member organizations to submit orders that help discover prices. The Securities and Exchange Commission is publishing this notice to gather public comments on the proposal.

The New York Stock Exchange (NYSE) has extended its waiver from certain shareholder approval requirements for stock issuances until March 31, 2021, due to financial challenges posed by the COVID-19 pandemic. This waiver allows companies to raise funds through private placements without needing shareholder approval, as long as the transactions meet specific conditions such as minimum price requirements and independent audit committee approval. The NYSE's move aligns with similar rules already used by the NASDAQ, offering companies more flexibility during these difficult economic times. However, this waiver doesn't apply if the funds raised are intended for acquisitions.

The New York Stock Exchange (NYSE) has proposed a rule change to eliminate the cap on the fee discount provided to certain investment management entities and their eligible portfolio companies. Previously, there was a maximum limit on the discount, which created unequal fee outcomes for similar companies. By removing this cap, all qualifying companies will uniformly receive a 50% annual fee discount without a maximum limit, promoting fairness and consistency. The change is expected to have minimal impact on overall competition, as only a small percentage of companies qualify for this discount.

The New York Stock Exchange LLC (NYSE) has proposed a rule change to amend its Price List by introducing fees for Directed Orders that the Exchange routes to an algorithm. This rule change, which NYSE filed on February 27, 2025, with the Securities and Exchange Commission (SEC), is designated for immediate effect starting March 3, 2025. The SEC is inviting the public to submit comments on this proposal until April 4, 2025, and comments can be submitted through various online platforms or by mail. The SEC will review all comments and decide whether the proposed rule should be approved or not.

The Securities and Exchange Commission has approved a proposed rule change by the New York Stock Exchange (NYSE) to amend NYSE Rule 7.31(f)(1). This change will allow Directed Orders, which are specific types of trades, to be routed to broker-dealer algorithms instead of just to alternative trading systems (ATS). This update is intended to give member organizations more flexibility and choice in how they route orders, potentially improving operational efficiency. The NYSE will not control the selection of the algorithm, and will not have visibility into how or where an order is executed by the algorithm.

The Cboe Exchange, Inc. has proposed a change to their Rules 8.16 and 9.2, aiming to align their supervisory reporting process for Trading Permit Holders with the standards set by FINRA and NYSE. The Securities and Exchange Commission (SEC) published this notice to gather feedback from the public. The change is effective immediately as the SEC waived the typical 30-day delay, believing it will ease the annual reporting procedures for members who are also involved with NYSE and/or FINRA. Interested parties are invited to submit their comments, with a deadline for submissions set for April 8, 2025.

The New York Stock Exchange (NYSE) proposed amendments to its Listed Company Manual to modify rules about shareholder approvals for certain stock issuances. These changes are aimed at making it easier for companies to raise capital by aligning NYSE's rules more closely with those of Nasdaq and NYSE American. The amendments include updates to how shareholder approval is needed for transactions involving related parties and large stock issuances. The goal of these changes is to facilitate free market practices while ensuring investor protection remains strong.

The Securities and Exchange Commission (SEC) is considering whether to approve a proposed rule change submitted by Cboe BZX Exchange, Inc. that would allow it to list and trade Multi-Class Exchange-Traded Fund (ETF) Shares under an amended rule. This change seeks to enable quicker listings of these shares when exemptive relief is granted by the SEC, as several applications for such relief are currently pending. The SEC is reviewing whether this proposal is consistent with legal requirements that protect investors and prevent fraud. Interested parties are encouraged to submit their opinions on whether the rule change should be approved or disapproved by mid-March 2025.

The Securities and Exchange Commission (SEC) is considering a proposed rule change by the New York Stock Exchange (NYSE) to exempt closed-end funds registered under the Investment Company Act of 1940 from having to hold annual shareholder meetings. The proposed rule change was published in the Federal Register on July 9, 2024, for public comment, and the SEC has extended the decision deadline to March 6, 2025, to allow more time for consideration. This extension allows the SEC to evaluate the proposed rule change thoroughly, the feedback received, and make an informed decision on whether to approve or disapprove it.

The New York Stock Exchange LLC (NYSE) filed a proposal with the Securities and Exchange Commission (SEC) to amend rules about reverse stock splits, aiming to prevent companies that fall below certain price criteria from using reverse stock splits to reclaim compliance under specific circumstances. The SEC is taking extra time beyond the usual 45-day review period to evaluate this proposal and any comments received. They have extended the deadline to either approve or disapprove the changes to January 15, 2025. The proposal was initially published for public comment on October 17, 2024.