--NYSE Seeks to Permanently Lower Market Cap. Standard to $15 mln--
In a separate rule filing, the NYSE sought to permanently adopt a lower $15 million minimum 30 day average market capitalization standard. The NYSE had previously eased the previous $25 million threshold level to $15 million on a temporary basis through June 30, 2009.
Today’s action reflects the Exchange’s determination that suitable companies should remain listed during the prior and current period of unusual market volatility.
While the Exchange’s filings submitted to the U.S. Securities and Exchange Commission (SEC) in connection with the adoption of these rule changes are immediately effective, they are subject to a 30-day operative delay under SEC rules.
The Exchange has asked the SEC to waive the operative delay and expects the SEC to take prompt action to effectuate that waiver.
Please click on the following links for the NYSE rule filings:
Market capitalization standard:
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Euronext (NYX) is a leading global operator of financial markets and provider of innovative trading technologies. The company's exchanges in Europe and the
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See Section 802.00 of the NYSE Listed Company Manual for continued listing criteria and procedure for delisting