NYSE Proposes One-Year Internal Audit Transition Period for IPO Companies and Other New Registrants | Practical Law
The NYSE issued a proposed rule change that would amend Section 303A.00 of its Listed Company Manual to provide a one-year transition period for companies listing in connection with an IPO and other new registrants to comply with the internal audit requirement of Section 303A.07(c). Update: This proposed rule change has been withdrawn from consideration by the NYSE. The NYSE is planning on filing a revised proposed rule change with the SEC at a later date.