NYSE Amends Rules for Faster Company Delisting Processes
Published Date: 3/20/2026
Notice
Summary
The New York Stock Exchange wants to change a rule about how companies get delisted (kicked off the exchange). These changes clarify when a company can be removed and how the Exchange can stop trading their stock. This affects companies listed on the NYSE and could speed up delisting decisions, with the SEC reviewing the rule by March 17, 2026.
Analyzed Economic Effects
3 provisions identified: 0 benefits, 2 costs, 1 mixed.
Immediate Delisting Below $0.25
If a NYSE-listed stock closes below $0.25 on any trading day, the Exchange would immediately suspend trading and begin delisting proceedings. Companies subject to this Minimum Trading Price ($0.25) would not be eligible to use the normal cure procedures in Sections 802.01C, 802.02, and 802.03 to try to regain compliance.
Delisting for Precipitous, Abnormally Low Prices
The Exchange would be able to suspend trading or delist a security when, in its opinion, the trading price has experienced a precipitous decline and is at an abnormally low level from which it is unlikely to recover, even if the share price has not fallen below $0.25. Issuers would still retain the right to appeal an Exchange delisting decision under Section 804.00.
Transition Period and Reverse-Split Limits
The Exchange proposes the rule be effective October 1, 2026, providing a transition period for issuers to implement reverse stock splits before the $0.25 Minimum Trading Price takes effect. Existing Exchange limits would remain in place, including prohibitions on (1) one or more reverse stock splits with a cumulative ratio of 200 shares or more to one in a two-year period and (2) a reverse stock split that results in a company becoming non-compliant with the requirements of Section 802.01A.
Your PRIA Score
Personalized for You
How does this regulation affect your finances?
Sign up for a PRIA Policy Scan to see your personalized alignment score for this federal register document and every other regulation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.
Key Dates
Department and Agencies
Related Federal Register Documents
2026-10373 — Registered Offering Reform
The SEC wants to make it easier and cheaper for more companies to sell their stocks and bonds to the public. They’re opening up special forms and benefits to more businesses, updating rules to be more modern, and cutting red tape by overriding some state rules. If you’re a company planning to raise money, these changes could speed things up and save you money, with feedback due by July 27, 2026.
2026-10222 — Enhancement of Emerging Growth Company Accommodations and Simplification of Filer Status for Reporting Companies
The SEC is making it easier for companies that report their finances by simplifying their categories into just two groups: big and small filers. Smaller companies, including emerging growth ones, will get more time to file reports and enjoy simpler rules, while big companies keep stricter standards. These changes aim to save time and money, with feedback open until July 20, 2026.
2026-07651 — Concept Release on Consolidated Audit Trail and Other Audit Trails and Data Sources
The SEC wants your thoughts on how it tracks stock market trades using the Consolidated Audit Trail and other data tools. They’re thinking about updating rules to keep up with new tech, privacy, and security needs, and to make sure the system is fair and cost-effective. If you’re involved in the stock market or data tracking, speak up by June 22, 2026!
2026-11810 — Self-Regulatory Organizations; Cboe EDGX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Adopt Fees for Its New Clock Service
Cboe EDGX Exchange just rolled out a new Clock Service that helps users sync their time systems perfectly with the Exchange. Starting May 18, 2026, they’re charging fees for this service but also offering a free trial to get everyone on board. This affects both members and non-members who want precise timing for their trading activities.
2026-11812 — Self-Regulatory Organizations; Cboe EDGA Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Adopt Fees for Its New Clock Service
Cboe EDGA Exchange just rolled out a new Clock Service to help traders sync their time systems perfectly. Starting May 18, 2026, users can try it for free, but after that, there will be fees for using this handy tool. This change affects anyone who wants precise timing for trading and keeps things running smoothly.
2026-11809 — Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Adopt Fees for Its New Clock Service
Cboe BZX Exchange just rolled out a new Clock Service that helps users sync their time systems with the Exchange’s for better accuracy. Starting May 18, 2026, they’re charging fees for this service but offering a free trial to get everyone started. This affects both members and non-members who want precise timing for their trading activities.
Previous / Next Documents
Previous: 2026-05479 — Self-Regulatory Organizations; NYSE American LLC; Notice of Filing of Amendment Nos. 1, 2 and 3 and Order Instituting Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change, as Modified by Amendment Nos. 1, 2, and 3, To Amend Sections 1003 and 1009 of the NYSE American Company Guide
NYSE American wants to change some rules about when and how companies can be kicked off their exchange. These changes affect companies listed on NYSE American and clarify the Exchange’s power to suspend or delist stocks, with some companies losing certain appeal rights. The SEC is now deciding if these rule changes are fair, with a decision expected by March 17, 2026.
Next: 2026-05481 — Self-Regulatory Organizations; NYSE American LLC; Notice of Filing of Proposed Change To Amend Section 1003 of the NYSE American Company Guide
NYSE American wants to update its rules so companies must keep a certain market value to stay listed on the exchange. This change affects companies listed on NYSE American and aims to keep the market strong and reliable. The new rule is up for public comment now, and if approved, companies will need to meet these standards soon to avoid delisting.