Search Results for citation:"90 FR 11194"

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Search Results: citation:"90 FR 11194"

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  • 2025-03416 — Self-Regulatory Organizations; NYSE National, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change for New Rule 10.7000
    Type:Notice
    Citation:90 FR 11194
    Reading Time:about 3 minutes

    The Securities and Exchange Commission (SEC) has announced that NYSE National, Inc. has submitted a proposed rule change to introduce a new Rule 10.7000 Series. This rule series will govern the review and appeal of adverse actions and adjust existing rules related to application procedures and revocations for an ETP Holder. The proposal was filed on February 18, 2025, and has been deemed effective immediately. The SEC is inviting public comments on the proposed rule change, with submissions accepted until March 25, 2025.

    Simple Explanation

    The SEC says that NYSE National wants to add some new rules about how people can say they don't like a decision, but the document doesn't say much about why they need these rules or what's in them. They're asking people to share their thoughts on these changes by March 25, 2025.

  • 2025-03432 — Order Under Section 36 of the Securities Exchange Act of 1934 (the “Exchange Act”) Granting the New York Stock Exchange LLC's Application To Amend a Conditional Exemption From Section 12(a) of the Exchange Act
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    Type:Notice
    Citation:90 FR 11194
    Reading Time:about 18 minutes

    The Securities and Exchange Commission (SEC) has allowed the New York Stock Exchange (NYSE) to change a previous exemption that lets them trade debt securities on NYSE Bonds, even if these aren't registered under the Exchange Act. Previously, the issuer needed to have shares listed on the NYSE, but now these shares can be listed on any national securities exchange. This change aims to reduce regulatory differences and boost competition between exchange-traded and over-the-counter markets for these securities. The decision includes measures to safeguard investors, like ensuring continuous monitoring of the issuers' equity securities that allow their debt securities to trade on the NYSE.

    Simple Explanation

    The SEC decided to let the New York Stock Exchange change a rule so they can trade certain types of debt (money borrowed by companies) even if they aren't registered, as long as the company's main stocks are traded anywhere in the U.S. This change is to make things fairer and more competitive and includes rules to help keep investors safe.