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

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

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.

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

by Practical Law Corporate & Securities
Published on 24 Jan 2017 • USA (National/Federal)
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.
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.