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The Securities and Exchange Commission (SEC) is seeking public comments on Form T-3, an application used to qualify indentures under the Trust Indenture Act of 1939 for debt securities not registered under the Securities Act of 1933. The SEC is asking for input on whether this information collection is necessary, its usefulness, and how the burden on respondents could be reduced. Form T-3 currently takes about 43 hours to prepare, and the SEC is open to written comments until May 12, 2025. Comments can be sent to Austin Gerig at the SEC, either by mail or email.

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.

The New York Stock Exchange (NYSE) proposed changes to its fee structure for companies listing their securities, which was filed with the Securities and Exchange Commission. The initial listing fee for common shares is rising from $300,000 to $325,000, and specific annual fees per share are increasing slightly as well. Additionally, the NYSE plans to set a maximum annual fee of $100,000 for certain debt securities, citing efficiencies in managing multiple bond series from the same company. These adjustments reflect the NYSE's need to cover increased operational costs while maintaining competitive listing services.