Regulation & law · 05/11/2007

NYSE Files Proposed Rule Change for Compensation in Relation to Exchange System Failure

The New York Stock Exchange LLC has filed a proposed rule change with the Securities and Exchange Commission, which, if approved, will establish a new rule regarding compensation for NYSE members in the event of a system failure. The proposed rule change, which would take effect immediately, aims to enhance the exchange's resilience and provide greater financial support to its members during such events.