Search Results for keywords:"Rule 7.32"

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Search Results: keywords:"Rule 7.32"

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2021-01135 — Self-Regulatory Organizations; New York Stock Exchange LLC, Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Make Permanent Commentaries to Rule 7.35A and Commentaries to Rule 7.35B and Make Related Changes to Rules 7.32, 7.35C, 46B, and 47
January 21, 2021
Type:Notice
Citation:86 FR 6403
Reading Time:about 2 minutes
The New York Stock Exchange (NYSE) submitted a request to the Securities and Exchange Commission (SEC) to make certain temporary rules permanent. These involve procedures for handling specific types of stock market auctions and making related changes to other trading rules. The SEC is taking additional time to examine this proposed rule change, extending the deadline to March 1, 2021, to decide whether to approve or disapprove it. No public comments have been submitted regarding this proposal.
Simple Explanation
The New York Stock Exchange wants to keep some temporary rules forever for how it handles certain stock market activities, and the Securities and Exchange Commission is taking extra time until March 1, 2021, to decide if this is a good idea. Right now, no one has said anything for or against these changes.
2021-02115 — Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Amending Rule 7.32
February 02, 2021
Type:Notice
Citation:86 FR 7905
Reading Time:about 6 minutes
The New York Stock Exchange LLC has proposed a rule change to Rule 7.32 regarding order entry size limitations for Issuer Direct Offering (IDO) Orders. This change would allow the Exchange to accept IDO Orders without applying the usual size limits. The proposal is designed to ensure that IDO Orders can meet the quantity requirements outlined in the issuer's prospectus, as required by Rule 7.31(c)(1)(D)(iii). The Securities and Exchange Commission is inviting comments on this proposal, which has taken immediate effect while still allowing for a review period.
Simple Explanation
The New York Stock Exchange wants to change a rule so they can take orders for shares from companies without worrying about how big the order is. This helps make sure the orders match what the company's rules say they need to be.

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