NYSE Amends Rule Regarding Release of Material News and Trading Halt Authority
20 October 2015SEC Update
The New York Stock Exchange recently amended its rule that governs a listed company’s obligation to notify the exchange before it releases material news and that addresses the NYSE’s authority to halt trading in listed company securities. The amended rule expands the pre-market hours in which a listed company must notify the NYSE before disseminating material news and broadens the exchange’s authority to halt trading in different circumstances, including when the NYSE requests information about a listed company’s news release. The NYSE also clarified other aspects of its material news policy.