NYSE American Files Quick Rule Change for ICE Corporate Document Updates
Published Date: 7/1/2025
Notice
Summary
NYSE American is updating the official documents for Intercontinental Exchange and its Holdings to follow new rules about special trading platforms called security-based swap execution facilities. They’re also updating their Delaware office address and making some small fixes. These changes take effect right away and won’t cost anyone extra.
Analyzed Economic Effects
2 provisions identified: 0 benefits, 2 costs, 0 mixed.
20% Cap on SBSEF Member Voting and Ownership
If a security-based swap execution facility (SBSEF) is controlled by ICE, any SBSEF Member, alone or with related persons, may not hold or vote more than 20% of any class of the company's voting securities. Votes in excess of the 20% cap will be disregarded, and any SBSEF Member who beneficially owns 20% or more must promptly sell (and the corporation must purchase, to the extent funds are available) shares at par value so that ownership falls below 20%.
SEC Approval Required for Certain Amendments
Amendments to ICE's and ICE Holdings' certificates that affect a controlled SBSEF must, where applicable, be submitted to the SEC under Rule 242.806 or 242.807 of Regulation SE and cannot be effectuated until submitted and approved (if applicable) and become effective under those rules. This subjects certain corporate amendments to SEC filing and approval procedures under Regulation SE.
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Previous / Next Documents
Previous: 2025-12214 — Self-Regulatory Organizations; ICE Clear Credit LLC; Order Approving Proposed Rule Change Relating to Clearance of Additional Credit Default Swap Contracts
ICE Clear Credit LLC got the green light to start clearing new credit default swap contracts tied to the Republic of Côte d'Ivoire. This means traders dealing with these contracts can now use ICE’s trusted system without any extra risk changes or delays. The change kicks in right away, making it easier and safer to trade these specific financial deals.
Next: 2025-12216 — Self-Regulatory Organizations; NYSE National, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend the Sixth Amended and Restated Certificate of Incorporation of Intercontinental Exchange, Inc. and Ninth Amended and Restated Certificate of Incorporation of Intercontinental Exchange Holdings, Inc.
NYSE National is updating the official documents for Intercontinental Exchange and its Holdings to follow new rules about special financial trading platforms and to update their Delaware office address. These changes don’t cost money or affect daily trading but keep everything neat and legal. The updates took effect right after filing on June 16, 2025, so ICE stays on top of the game!