The New York Stock Exchange LLC has proposed a new rule change to adjust the fee structure for limited partnerships that are at least 40% owned by another company already listed on the Exchange. This change would establish a flat fee, which is the minimum annual fee applied, to reflect the cost savings from servicing affiliated listings, such as shared management between the entities. The Exchange believes this adjustment is fair and reasonable, as it would help them compete more effectively for listings in a highly competitive market. This proposed rule change is effective upon filing and is open for public comments.
Simple Explanation
The New York Stock Exchange wants to change the rules so that some companies, called limited partnerships, pay a fixed amount to stay listed. This is because these companies share a lot with a bigger company already on the list, which can make things cheaper and easier for everyone.