SEC Extends Review on Nasdaq's Listing Requirement Changes
Published Date: 9/30/2025
Notice
Summary
The Nasdaq Stock Market wants to change some rules about which companies can start and keep their listings on the exchange. The SEC is taking extra time—until December 18, 2025—to review these changes carefully before making a decision. This affects companies aiming to be or stay listed on Nasdaq and could impact their ability to raise money or stay visible to investors.
Analyzed Economic Effects
2 provisions identified: 0 benefits, 0 costs, 2 mixed.
Proposed Change to Nasdaq Listing Rules
On September 4, 2025, the Nasdaq Stock Market LLC filed a proposed rule change (File No. SR-NASDAQ-2025-068) to modify certain initial and continued listing requirements. The proposal was published for comment on September 19, 2025.
SEC Extends Decision Deadline to December 18
The Securities and Exchange Commission extended its review period for the Nasdaq proposed rule change, moving the 45-day statutory period (which would have ended on November 3, 2025) to a longer period and designating December 18, 2025 as the date by which it must act.
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