NYSE Amendments to Continued Listing Requirements for Late Filers of Annual and Quarterly Reports Take Effect | Practical Law

NYSE Amendments to Continued Listing Requirements for Late Filers of Annual and Quarterly Reports Take Effect | Practical Law

The NYSE's amendments to its continued listing requirements for late filers of annual and quarterly reports with the SEC took effect on March 2, 2015.

NYSE Amendments to Continued Listing Requirements for Late Filers of Annual and Quarterly Reports Take Effect

by Practical Law Corporate & Securities
Published on 09 Mar 2015 • USA (National/Federal)
The NYSE's amendments to its continued listing requirements for late filers of annual and quarterly reports with the SEC took effect on March 2, 2015.
On March 2, 2015, the SEC issued an order approving an NYSE proposed rule change to amend its continued listing requirements for late filers of annual and quarterly reports with the SEC, as set out in Section 802.01E of the NYSE's Listed Company Manual. The amendments took effect on March 2, 2015.
As amended, Section 802.01E:
  • Expands the requirements of Section 802.01E to include a maximum period within which a company must file a late quarterly report on Form 10-Q in order to maintain its listing. Previously, only filings of annual reports had been covered by Section 802.01E.
  • Clarifies the NYSE's treatment of companies whose annual or quarterly reports are defective at the time of filing or become defective as of a subsequent date.
For more details on the amendments, see Legal Update, NYSE Proposes to Amend Continued Listing Requirements for Late Filers of Annual and Quarterly Reports. The NYSE has also issued guidance on the amendments for listed companies.
To learn more about the listing requirements for the NYSE and other exchanges, see Practice Note, Selecting a US Securities Exchange.
For more information on periodic reporting requirements, see Practice Notes, Periodic Reporting and Disclosure Obligations: Overview and Catching up with Late Periodic Reports: The Multi-year Comprehensive Form 10-K.