New York Stock Exchange Amends Rule 103B to Restrict Designated Market Maker Units from Interviewing for Securities Related to Affiliated Entities

Summary

The New York Stock Exchange (NYSE) has filed a proposed rule change to codify its existing practice of excluding designated market maker units from interviewing for securities directly related to the performance or credit of affiliated entities. The proposed rule change, which would take effect immediately, also defines related securities, automatically assigns listed securities under Section 703.19 to designated market maker units, and clarifies the allocation process for repackaged securities.