...Helene R. Banks; Bradley J. Bondi; Charles A. Gilman; Elai Katz; Geoffrey E. Liebmann; Ross Sturman; Nicholas S. Millington Purpose To explain the rule changes in Nasdaq’s new Listing Rule IM-5315-1, approved by the US Securities and Exchange Commission (SEC) on February 15, 2019, that permit...

...James Brigagliano; W. Hardy Callcott; Michael Warden Purpose To explain an October 16, 2018 US Securities and Exchange Commission order that unanimously upheld a SIFMA challenge to fee increases for “depth-of-book” market data filed by Nasdaq and NYSE Arca and the SEC’s simultaneous remanding...

...Justin F. Hoffman; Jude A. Dworaczyk Purpose To explain a recent amendment by the US Securities and Exchange Commission (the SEC) to Nasdaq Rule 5635(d) (the 20 per cent Rule) to change the definition of “market value” for purposes of the 20 per cent Rule and eliminate the requirement...

... be contacted at: Adam.Teufel@dechert.com © Dechert LLP. All rights reserved. 2017 Dechert LLP. All rights reserved Licensed re-use rights only Securities and Exchange Commission (SEC) Bats global markets Continued listing standards Exchange traded fund (ETF) Nasdaq NYSE Arca Second...