NYSE Notice Procedures: NYSE Proposes to Require Electronic Submission of Notices to NYSE Through Web-Based Communication System

Sullivan & Cromwell LLP - December 4, 2012

The SEC has published for public comment proposed changes to the New York Stock Exchange Listed Company Manual that would require most notices to the NYSE by listed companies to be made electronically through egovdirect.com, the NYSE’s web portal, or by email, rather than by telephone, fax, telegram or otherwise. Notice of material corporate events or statements regarding rumors during or shortly before market hours would still require telephone notice to the NYSE at least ten minutes prior to release. Comments on the proposal are due by December 18, 2012.