NYSE Manual is Amended to Require Foreign Private Issuers to Report Semi-Annually
On February 5, 2016, the New York Stock Exchange LLC (“NYSE”) made a filing with the Securities and Exchange Commission (“SEC”) for a proposed rule change amending the NYSE Listed Company Manual (the “Manual”) to adopt a requirement that NYSE-listed foreign private issuers must, at a minimum, submit a Form 6-K to the SEC containing semi-annual unaudited financial information. Previously, NYSE-listed foreign private issuers were only required to furnish annual financial reports. This is in contrast to the rule for NYSE-listed U.S. issuers which are required to file quarterly reports on Form 10-Q; however, NASDAQ has a comparable rule.