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    NAC Proposal Withdrawal Notice

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    Nick Pope
    The New York Stock Exchange filed a proposed rule change in September 2023 to adopt listing standards for Natural Asset Companies. In December 2023, the Securities and Exchange Commission instituted proceedings to determine whether to approve or disapprove the proposed rule change. On January 17, 2024, the NYSE withdrew the proposed rule change to adopt listing standards for Natural Asset Companies before the SEC made a determination.

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    NAC Proposal Withdrawal Notice

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    Nick Pope
    7K views2 pages
    The New York Stock Exchange filed a proposed rule change in September 2023 to adopt listing standards for Natural Asset Companies. In December 2023, the Securities and Exchange Commission instituted proceedings to determine whether to approve or disapprove the proposed rule change. On January 17, 2024, the NYSE withdrew the proposed rule change to adopt listing standards for Natural Asset Companies before the SEC made a determination.

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    NAC Proposal Withdrawal Notice

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    The New York Stock Exchange filed a proposed rule change in September 2023 to adopt listing standards for Natural Asset Companies. In December 2023, the Securities and Exchange Commission instituted proceedings to determine whether to approve or disapprove the proposed rule change. On January 17, 2024, the NYSE withdrew the proposed rule change to adopt listing standards for Natural Asset Companies before the SEC made a determination.

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    © All Rights Reserved
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    7K views2 pages

    NAC Proposal Withdrawal Notice

    Uploaded by

    Nick Pope
    The New York Stock Exchange filed a proposed rule change in September 2023 to adopt listing standards for Natural Asset Companies. In December 2023, the Securities and Exchange Commission instituted proceedings to determine whether to approve or disapprove the proposed rule change. On January 17, 2024, the NYSE withdrew the proposed rule change to adopt listing standards for Natural Asset Companies before the SEC made a determination.

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    SECURITIES AND EXCHANGE COMMISSION

    (Release No. 34-99355; File No. SR-NYSE-2023-09)

    January 17, 2024

    Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Withdrawal of


    Proposed Rule Change to Amend the NYSE Listed Company Manual to Adopt Listing Standards
    for Natural Asset Companies

    On September 27, 2023, New York Stock Exchange LLC (the “Exchange” or “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 the NYSE Listed Company Manual to adopt a new listing

    standard for the listing of Natural Asset Companies (“NAC”). The proposed rule change was

    published for comment in the Federal Register on October 4, 2023.3 On November 7, 2023,

    pursuant to Section 19(b)(2) of the Act,4 the Commission designated a longer period within

    which to approve the proposed rule change, disapprove the proposed rule change, or institute

    proceedings to determine whether to disapprove the proposed rule change.5 On December 21,

    2023, the Commission instituted proceedings pursuant to Section 19(b)(2)(B) of the Act6 to

    1
    15 U.S.C. 78s(b)(1).
    2
    17 CFR 240.19b-4.
    3
    See Securities Exchange Act Release No. 98665 (Sept. 29, 2023), 88 FR 68811 (Oct. 4, 2023) (SR-NYSE-
    2023-09). Comments received on the NAC Proposal are available at https://www.sec.gov/comments/sr-
    nyse-2023-09/srnyse202309.htm.
    4
    15 U.S.C. 78s(b)(2).
    5
    See Securities Exchange Act Release No. 98879 (Nov. 7, 2023), 88 FR 78075 (Nov. 14, 2023). The
    Commission designated January 2, 2024, as the date by which the Commission shall approve or
    disapprove, or institute proceedings to determine whether to disapprove, the proposed rule change.
    6
    15 U.S.C. 78s(b)(2)(B).
    determine whether to approve or disapprove the proposed rule change.7 On January 17, 2024, the

    Exchange withdrew the proposed rule change (SR-NYSE-2023-09).

    For the Commission, by the Division of Trading and Markets, pursuant to delegated

    authority.8

    Sherry R. Haywood,

    Assistant Secretary.

    7
    See Securities Exchange Act Release No. 99225 (Dec. 21, 2023), 88 FR 89788 (Dec. 28, 2023).
    8
    17 CFR 200.30-3(a)(12).

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