On 7 March 2014, the New York Stock Exchange ("NYSE") published a memo highlighting recent developments and ongoing policies applicable to foreign private issuers listed on the NYSE. The purpose of the memo is to provide a summary of NYSE policies and rules that most commonly apply to foreign private issuers.
The memo summarises the features of egovdirect.com, the NYSE's complimentary, interactive compliance website, which includes a customised version for foreign private issuers.
The memo also includes guidance on the following topics:
- record dates, shareholder meeting/proxy matters, redemptions and conversions of listed securities and other notifications to the NYSE;
- annual financial statement requirement;
- corporate governance requirements;
- transactions requiring supplemental listing applications (such as the issuance of additional shares); and
- timely alert/material news policy.
The NYSE foreign private issuer compliance memo is available at: http://www.nyse.com/pdfs/NYSEFPImemo.pdf
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
