NYSE Adopts Rule Requiring Foreign Private Issuers to Submit Semi-Annual Unaudited Financial Information
On February 5, 2016, the New York Stock Exchange (“NYSE”) filed with the Securities and Exchange Commission (“SEC”) a proposed rule change that would require listed foreign private issuers to submit a Form 6-K to the SEC with unaudited financial information at least semi-annually. On February 19, 2016, the SEC designated the proposed rule change “operative upon filing,” waiving the 30-day operative delay typically associated with proposed rule changes by self-regulatory organizations.