Regulation & law · 30/11/2007

New York Stock Exchange Proposes Rule Change to List Companies with Less Financial Data

The New York Stock Exchange is proposing a rule change that would allow it to list certain companies based on two completed fiscal years and financial statements covering the first six months of the current fiscal year, as long as prior listing is confirmed by summary financial data showing the company meets the applicable standard based on at least nine completed months of the current fiscal year.