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2025-04082 — Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Designation of a Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change To Adopt a Provision That the Exchange Will Not Review a Compliance Plan Submitted by a Listed Company That is Below Compliance With a Continued Listing Standard if the Company Owes Any Unpaid Fees to the Exchange and Will Instead Immediately Commence Suspension and Delisting Procedures if Such Fees Are Not Paid in Full
March 14, 2025
Type:Notice
Citation:90 FR 12187
Reading Time:about 3 minutes
The Securities and Exchange Commission (SEC) has received a proposed rule change from the New York Stock Exchange (NYSE), which suggests modifications to its manual regarding compliance plans for listed companies. The proposed change states that the NYSE will no longer review compliance plans from companies that have unpaid fees and will start suspension and delisting proceedings if these fees remain unpaid. The SEC is extending the time to consider this rule change by 60 days to ensure there is enough time for thorough review. By June 13, 2025, the SEC will decide whether to approve or disapprove the proposal.
Simple Explanation
The SEC is taking more time to decide if NYSE's new rule is okay: if a company doesn't pay its bills, NYSE won't listen to their plans to fix things and will start kicking them out until they pay up.
2025-01085 — Self-Regulatory Organizations; New York Stock Exchange LLC; Order Instituting Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change To Adopt a Provision That the Exchange Will Not Review a Compliance Plan Submitted by a Listed Company That Is Below Compliance With a Continued Listing Standard If the Company Owes Any Unpaid Fees to the Exchange and Will Instead Immediately Commence Suspension and Delisting Procedures If Such Fees Are Not Paid in Full
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January 17, 2025
Type:Notice
Citation:90 FR 6037
Reading Time:about 23 minutes
The Securities and Exchange Commission (SEC) is reviewing a proposal from the New York Stock Exchange (NYSE) that would require companies to pay all outstanding fees before their compliance plans can be reviewed if they are below listing standards. If fees remain unpaid by a certain deadline, the NYSE could begin suspension and delisting procedures immediately. The SEC is concerned about whether this change is fair, promotes just and equitable trade principles, and protects investors. They are inviting comments from the public to help decide whether the rule should be approved.
Simple Explanation
The New York Stock Exchange (NYSE) wants to make a rule that if a company owes them money, they won't help the company fix their problems until they pay up, and if they don't pay soon, they could get kicked out. The SEC is asking people if they think this rule is fair and good for everyone.
2024-28108 — Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Adopt a Provision That the Exchange Will Not Review a Compliance Plan Submitted by a Listed Company That Is Below Compliance With a Continued Listing Standard if the Company Owes Any Unpaid Fees to the Exchange and Will Instead Immediately Commence Suspension and Delisting Procedures if Such Fees Are Not Paid in Full
December 02, 2024
Type:Notice
Citation:89 FR 95283
Reading Time:about 2 minutes
The New York Stock Exchange (NYSE) has proposed a rule change regarding the compliance plans of listed companies that are below required standards. This change states that the NYSE will not review the compliance plans of companies if they have unpaid fees, and will start suspension or delisting if these fees are not paid on time. The rule was initially published for public comment, but no comments have been received. The Securities and Exchange Commission (SEC) has extended its review period to January 14, 2025, to allow more time to make a decision on the proposal.
Simple Explanation
The New York Stock Exchange wants to make a new rule that if a company doesn't pay its bills, it can't fix its problems to stay on the exchange, and instead, the exchange will immediately start the process to kick it out. The decision about this new rule has been delayed to give more time to think about it.

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