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Search Results: citation:"86 FR 8420"

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2021-02397 — Self-Regulatory Organizations; New York Stock Exchange LLC; Order Approving a Proposed Rule Change To Adopt NYSE Rule 5.2(j)(8) Governing the Listing and Trading of Exchange-Traded Fund Shares
February 05, 2021
Type:Notice
Citation:86 FR 8420
Reading Time:about 24 minutes
The Securities and Exchange Commission has approved a new rule proposed by the New York Stock Exchange (NYSE). This rule, NYSE Rule 5.2(j)(8), sets standards for listing and trading Exchange-Traded Fund (ETF) shares on the NYSE. The rule aligns with existing regulations to streamline the process, reduce costs, and enhance competition among ETF issuers, benefiting investors through lower prices. Additionally, NYSE Rule 7.18(d)(2) has been approved to handle trading halts for exchange-traded products, ensuring fair and orderly markets.
Simple Explanation
The New York Stock Exchange (NYSE) got approval for a new rule that helps make it easier and cheaper for certain funds, called Exchange-Traded Funds (ETFs), to trade on their platform, which means people might get better prices when buying or selling these funds. It also includes a rule to pause trading if something weird happens, so everything stays fair.
2021-02400 — Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Amend Its Rules Establishing Maximum Fee Rates To Be Charged by Member Organizations for Forwarding Proxy and Other Materials to Beneficial Owners
February 05, 2021
Type:Notice
Citation:86 FR 8420
Reading Time:about 2 minutes
The New York Stock Exchange (NYSE) filed a proposed rule change with the Securities and Exchange Commission (SEC). This change involves removing the maximum fee rates for processing and forwarding proxy materials to stock owners and required member organizations to follow fee schedules set by other securities organizations. The SEC had a 45-day period to take action on this rule change after it was published, initially expiring on February 4, 2021. However, the SEC extended this period to March 21, 2021, to allow more time to consider the proposal and the comments received.
Simple Explanation
The New York Stock Exchange wants to change a rule about how much money its members can charge for sending out important papers to people who own stocks. The people in charge need more time to decide, so they’re thinking about it until March 21, 2021.

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