Search Results for keywords:"restrictive markets"

The Nasdaq Stock Market filed a proposed rule change with the Securities and Exchange Commission to set stricter initial listing standards for companies primarily operating in countries that restrict information access. This proposal was initially published for public comment in June 2020, and the SEC took various steps to consider its approval or disapproval. However, on February 1, 2021, Nasdaq withdrew the proposed rule change.

The Nasdaq Stock Market LLC submitted a proposed rule to the Securities and Exchange Commission (SEC) that aimed to set new qualifications for the management of companies operating in countries with restrictive information laws. Initially filed in May 2020, the proposal underwent several amendments to address regulatory concerns. Despite a detailed review process including public comments and multiple amendments, the proposal was ultimately withdrawn by Nasdaq on February 1, 2021.