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The Nasdaq Stock Market LLC filed a proposal with the Securities and Exchange Commission (SEC) to remove outdated language from its rules related to company listing fees and listing standards. The proposal aims to eliminate obsolete references linked to past dates, thereby improving the clarity of Nasdaq’s rules without making any significant changes to their content. The SEC has agreed to waive the standard 30-day waiting period for this rule change, allowing it to take effect immediately upon filing. The changes are not expected to affect competition or investor protection, nor did Nasdaq receive any comments from its members or the public about this proposal.

The New York Stock Exchange LLC (NYSE) had proposed a rule change to expand how rights could be listed on the exchange. This proposal would have allowed issuers to offer rights to more than just current shareholders and to list these rights before the related security was listed. Although the proposal went through various procedural stages with the Securities and Exchange Commission, including discussions and extensions, it was eventually withdrawn by the NYSE on December 17, 2024.

The Securities and Exchange Commission has received a proposal from Cboe BYX Exchange, Inc. to modify its Rule 11.24. The proposed changes aim to enhance the Retail Price Improvement Program by introducing an "Enhanced RPI Order" that could provide more price improvement opportunities for retail investors. This new order type allows participants to post orders at their limit price and offer better pricing to beat other resting orders, potentially leading to better execution for small investors. The proposal also suggests expanding the program to include securities priced below $1.00, intending to attract more retail orders to the exchange.