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NYSE Proposal Would Require Payment of Outstanding Fees Before Delisting Decision Could Be Appealed
Practical Law Legal Update 7-613-1685 (Approx. 2 pages)
NYSE Proposal Would Require Payment of Outstanding Fees Before Delisting Decision Could Be Appealed
by Practical Law Corporate & Securities
| Published on 14 May 2015 • USA (National/Federal) |
The NYSE proposed to amend Section 804.00 of its Listed Company Manual to specify that listed companies seeking a review of a delisting decision must pay all prior fees owed to the NYSE before the NYSE will accept payment of the applicable appeal fee.
On May 13, 2015, the NYSE issued a proposed rule change that would amend Section 804.00 of its Listed Company Manual to specify that listed companies seeking a review of a delisting decision made by the staff of NYSE Regulation, Inc. must pay all prior fees owed to the NYSE before the NYSE will accept payment of the applicable appeal fee. These fees include annual fees and fees associated with initial and supplemental listing applications.
The proposed rule change takes effect on filing with the SEC.
Update: The proposed rule change took effect on filing with the SEC on May 28, 2015.
To learn more about the listing requirements for the NYSE and other exchanges, see Practice Note, Selecting a US Securities Exchange.