On December 30, 2024, President Biden issued an Executive Order closing all executive departments and agencies of the federal government on January 9, 2025, in observance of a national day of mourning for former President James Earl Carter, Jr. Following this Executive Order, the U.S. Securities and Exchange Commission announced
Continue Reading EDGAR, Nasdaq, and NYSE Will Be Closed Thursday, January 9, 2025Nasdaq
Recent Updates to Nasdaq Listing Rules
This post discusses three recent updates to Nasdaq listing rules including relating to 1) reverse stock splits, 2) board diversity, and 3) code of conduct waivers.
Reverse stock splits. On November 1, 2023, the U.S. Securities and Exchange Commission (SEC) published an order approving Nasdaq’s proposed rule change relating to notification and disclosure of reverse stock splits. Under the new listing rules, a Nasdaq-listed company conducting a reverse stock split will be required to:Continue Reading Recent Updates to Nasdaq Listing Rules
SEC Approves NYSE and Nasdaq Clawback-Related Listing Standards
On June 9, 2023, the U.S. Securities and Exchange Commission (SEC) published notices and orders granting accelerated approval of the amended clawback-related listing standards proposed by the New York Stock Exchange (NYSE) and The Nasdaq Stock Market LLC (Nasdaq) earlier this week. The amended versions of the NYSE and Nasdaq listing standards were discussed in our previous post.Continue Reading SEC Approves NYSE and Nasdaq Clawback-Related Listing Standards
NYSE and Nasdaq File Amended Proposed Clawback-Related Listing Standards [Updated]
Propose Effective Date of October 2, 2023
[Note: This post has been updated to reflect Nasdaq’s filing of an Amendment No. 1 on June 6, 2023 (posted June 7) proposing to delay the effective date of its clawback-related listing standards until October 2, 2023, consistent with the NYSE’s Amendment No.
Continue Reading NYSE and Nasdaq File Amended Proposed Clawback-Related Listing Standards [Updated]SEC Extends Time for Review of NYSE and Nasdaq Clawback-Related Listing Standards
On April 24, 2023, the U.S. Securities and Exchange Commission (SEC) extended the time period for its review and approval of the clawback-related listing standards from April 27, 2023 to June 11, 2023 (here and here).
As discussed in our previous blog post, Rule 10D-1 of the…
Continue Reading SEC Extends Time for Review of NYSE and Nasdaq Clawback-Related Listing StandardsConsiderations in Complying with Nasdaq Rule 5606
In August 2021, the U.S. Securities and Exchange Commission (SEC) approved new board diversity listing standards for companies listed on The Nasdaq Stock Market LLC (Nasdaq). As part of these new listing standards, Nasdaq Rule 5606 now requires listed companies to annually disclose aggregated statistical information about the board’s self-identified…
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