On December 4, 2017, the SEC approved the NYSE's proposed amendment to Section 202.06 of the NYSE Listed Company Manual. The proposed amendment limits the issuance of material news by a listed company during the period of time from the official closing time of the NYSE's trading session until the earlier of the publication of the company's official closing price or five minutes after the NYSE's official closing time. The NYSE originally issued the proposed amendment on August 17, 2017. For more information, see our prior blog post available here.
A copy of the SEC order approving the proposed rule change is available here.
Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
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