NYSE Quickly Restores the Words Its Rule Was Missing
Published Date: 11/3/2026
Notice
Summary
The New York Stock Exchange fixed a small but important mistake in one of its rules by putting back some missing words in the definition of 'associated person.' This change affects members and firms on the Exchange and takes effect immediately, with no extra costs involved. It’s a quick technical update to keep things clear and running smoothly.
Analyzed Economic Effects
2 provisions identified: 2 benefits, 0 costs, 0 mixed.
Restores missing words in 'associated person'
The NYSE put back the clause "a person engaged in a securities or kindred business that is controlled by a member or member organization" into Rule 2(c)(3). This makes clear that those persons are included as "associated persons" and "Control Persons," preserving the Exchange's jurisdiction and keeping the scope the same as described in the September 18, 2026 Approved Person Filing.
Rule effective immediately upon filing
The Commission waived the normal 30-day operative delay and made this technical correction operative upon filing on October 19, 2026. That immediate effect was intended to avoid a period when the rule text would not match the Approved Person Filing and to reduce potential investor confusion.
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