The Nasdaq Stock Market LLC filed a proposal with the Securities and Exchange Commission (SEC) to remove outdated language from its rules related to company listing fees and listing standards.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.
Simple Explanation
Nasdaq wants to clean up its rules by removing old and confusing parts that it doesn't need anymore, and the people in charge said it's okay to do this right away because it won't hurt anyone or change things much.