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NYSE gets SEC approval to cap listing fees for structured products
By Angela McDaniels
Tacoma, Wash., Jan. 13 - The New York Stock Exchange LLC's proposed rule change regarding its listing fees for structured products was approved by the Securities and Exchange Commission, according to an SEC news release.
The rule change allows the exchange to apply a maximum fee of $500,000 a year in connection with the listing of any individual issuance of securities under section 902.05 of its manual. Before the change, the annual cap only applied to retail debt securities.
The maximum fee includes initial and annual listing fees.
The SEC solicited comments on the proposed change and received none.
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