NYSE Rights Listing Expansion Amendment

Regs.gov: Securities and Exchange Commission

Published March 27th, 2026

Detected April 1st, 2026

Summary

The SEC issued a notice extending the review period for NYSE's proposed rule change to expand rights listing circumstances under Section 703.12(II) of the NYSE Listed Company Manual. The original 45-day review period expiring April 3, 2026 has been extended to May 18, 2026 (File No. SR-NYSE-2026-05). No comment letters were received during the initial comment period.

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What changed

The SEC, acting through its Division of Trading and Markets, has extended the review period for NYSE's proposed rule change to amend Section 703.12(II) of the NYSE Listed Company Manual regarding rights listing expansion. The extension follows the standard 45-day review period under Section 19(b)(2) of the Securities Exchange Act of 1934, moving the decision deadline from April 3, 2026 to May 18, 2026. The Commission cited the need for sufficient time to consider the proposed rule change and its issues.

NYSE and listed companies seeking expanded rights listing options should monitor this proceeding, as the proposed rule change could affect how future rights offerings are structured and listed. No immediate action is required, but market participants should be aware that the extended review period provides additional time for potential SEC concerns to be identified before approval. The underlying proposed rule change (SR-NYSE-2026-05) remains under consideration.

What to do next

Monitor SEC action on SR-NYSE-2026-05 by May 18, 2026
Review current rights listing policies in anticipation of potential expanded listing circumstances

Source document (simplified)

Content

March 27, 2026. On February 4, 2026, New York Stock Exchange LLC (“NYSE”) filed with the Securities and Exchange Commission (“Commission”),
pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (“Act”) (1) and Rule 19b-4 thereunder, (2) a proposed rule change to amend Section 703.12(II) of the NYSE Listed Company Manual to expand the circumstances under which
rights may be listed on the NYSE. The proposed rule change was published for comment in the
Federal Register
on February 17, 2026. (3)

Section 19(b)(2) of the Act (4) provides that within 45 days of the publication of notice of the filing of a proposed rule change, or within such longer period
up to 90 days as the Commission may designate if it finds such longer period to be appropriate and publishes its reasons for
so finding or as to which the self-regulatory organization consents, the Commission shall either approve the proposed rule
change, disapprove the proposed rule change, or institute proceedings to determine whether the proposed rule change should
be disapproved. The 45th day after publication of the notice for this proposed rule change is April 3, 2026. The Commission
is extending this 45-day time period.

The Commission finds it appropriate to designate a longer period within which to take action on the proposed rule change so
that it has sufficient time to consider the proposed rule change and the issues raised therein. Accordingly, the Commission,
pursuant to Section 19(b)(2) of the Act, (5) designates May 18, 2026, as the date by which the Commission shall either approve or disapprove, or institute proceedings
to determine whether to disapprove, the proposed rule change (File No. SR-NYSE-2026-05).

For the Commission, by the Division of Trading and Markets, pursuant to delegated authority. (6)

Sherry R. Haywood, Assistant Secretary. [FR Doc. 2026-06245 Filed 3-31-26; 8:45 am] BILLING CODE 8011-01-P

Footnotes

(1) 15 U.S.C. 78s(b)(1).

(2) 17 CFR 240.19b-4.

(3) See Securities Exchange Act Release No. 104816 (Feb. 11, 2026), 91 FR 7332. The Commission has received no comment letters on
the proposed rule change.

(4) 15 U.S.C. 78s(b)(2).

(5) Id.

(6) 17 CFR 200.30-3(a)(31).