Notice2024-28108
Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Adopt a Provision That the Exchange Will Not Review a Compliance Plan Submitted by a Listed Company That Is Below Compliance With a Continued Listing Standard if the Company Owes Any Unpaid Fees to the Exchange and Will Instead Immediately Commence Suspension and Delisting Procedures if Such Fees Are Not Paid in Full
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
December 2, 2024
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 89 Issue 231 (Monday, December 2, 2024)</title>
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[Federal Register Volume 89, Number 231 (Monday, December 2, 2024)]
[Notices]
[Page 95283]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-28108]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-101738; File No. SR-NYSE-2024-44]
Self-Regulatory Organizations; New York Stock Exchange LLC;
Notice of Designation of a Longer Period for Commission Action on a
Proposed Rule Change To Adopt a Provision That the Exchange Will Not
Review a Compliance Plan Submitted by a Listed Company That Is Below
Compliance With a Continued Listing Standard if the Company Owes Any
Unpaid Fees to the Exchange and Will Instead Immediately Commence
Suspension and Delisting Procedures if Such Fees Are Not Paid in Full
November 25, 2024.
On September 27, 2024, New York Stock Exchange LLC (``Exchange'')
filed with the Securities and Exchange Commission (``Commission''),
pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934
(``Act'') \1\ and Rule 19b-4 thereunder,\2\ a proposed rule change to
amend Sections 802.02 and 802.03 of the NYSE Listed Company Manual
(``Manual'') to provide that the Exchange will not review a compliance
plan submitted by a domestic or non-U.S. listed company that is
determined to be below compliance with a continued listing standard
unless the company has paid in full all outstanding listing or annual
fees due to the Exchange and will immediately commence suspension and
delisting procedures in accordance with Section 804.00 of the Manual if
such fees are not paid in full by the plan submission deadline or, with
respect to any unpaid fees that have become due and payable since the
commencement of its plan period, if such fees are not paid in full at
the time of any required periodic review of such plan. The proposed
rule change was published for comment in the Federal Register on
October 16, 2024.\3\ The Commission has received no comment letters on
the proposed rule change.
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\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
\3\ See Securities Exchange Act Release No. 101295 (Oct. 9,
2024), 89 FR 83527.
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Section 19(b)(2) of the Act \4\ provides that within 45 days of the
publication of notice of the filing of a proposed rule change, or
within such longer period up to 90 days as the Commission may designate
if it finds such longer period to be appropriate and publishes its
reasons for so finding, or as to which the self-regulatory organization
consents, the Commission will either approve the proposed rule change,
disapprove the proposed rule change, or institute proceedings to
determine whether the proposed rule change should be disapproved. The
45th day after publication of the notice for this proposed rule change
is November 30, 2024. The Commission is extending this 45-day time
period.
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\4\ 15 U.S.C. 78s(b)(2).
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The Commission finds it appropriate to designate a longer period
within which to take action on the proposed rule change, so that it has
sufficient time to consider the proposed rule change. Accordingly, the
Commission, pursuant to Section 19(b)(2) of the Act,\5\ designates
January 14, 2025, as the date by which the Commission shall either
approve or disapprove, or institute proceedings to determine whether to
disapprove, the proposed rule change (File No. SR-NYSE-2024-44).
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\5\ Id.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\6\
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\6\ 17 CFR 200.30-3(a)(31).
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Vanessa A. Countryman,
Secretary.
[FR Doc. 2024-28108 Filed 11-29-24; 8:45 am]
BILLING CODE 8011-01-P
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</html>Indexed from Federal Register on December 2, 2024.
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