NYSE to Waive Annual Fees for First Partial Year for Companies Transferring from Another Exchange

The NYSE proposed to waive its annual fees for the first partial year of listing for companies transferring their primary class of equity securities to the NYSE from another national securities exchange. The rule change will take immediate effect on filing with the SEC.

Practical Law Corporate & Securities

On January 18, 2017, the NYSE issued a proposed rule change to waive its annual fees for the first partial year of listing for companies transferring their primary class of equity securities to the NYSE from another national securities exchange. The rule change will take immediate effect on filing with the SEC.

Currently, Section 902.02 of the NYSE's Listed Company Manual provides that companies transferring their listing from a national securities exchange other than NYSE Arca or NYSE MKT must pay prorated annual fees for the first partial year that they are listed on the NYSE.

Update: The rule change was filed with the SEC and took effect on February 13, 2017.

For more information on securities exchanges and how to select the proper exchange, see Practice Note, Selecting a US Securities Exchange ( www.practicallaw.com/3-381-1953) .

 
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