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[Federal Register Volume 90, Number 12 (Tuesday, January 21, 2025)]
[Notices]
[Page 7203]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2025-01292]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-102183; File No. SR-NYSE-2024-23]

Self-Regulatory Organizations; New York Stock Exchange LLC; 
Notice of Withdrawal of a Proposed Rule Change To Amend Section 
703.12(II) of the NYSE Listed Company Manual To Expand the 
Circumstances Under Which Rights May Be Listed on the NYSE

January 14, 2025.
    On April 29, 2024, the New York Stock Exchange LLC (``NYSE'' or 
``Exchange'') filed with the Securities and Exchange Commission 
(``Commission''), pursuant to Section 19(b)(1) of the Securities 
Exchange Act of 1934 (``Act'') \1\ and Rule 19b-4 thereunder,\2\ a 
proposed rule change to amend Section 703.12(II) of the NYSE Listed 
Company Manual to expand the circumstances under which rights may be 
listed on the NYSE by allowing issuers to (i) issue rights to more than 
existing shareholders for a class of securities that is listed or to be 
listed on the Exchange, and (ii) list and trade rights on the Exchange 
prior to listing the security into which such rights will be 
exercisable. The proposed rule change was published for comment in the 
Federal Register on May 15, 2024.\3\
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ See Securities Exchange Act Release No. 100102 (May 10, 
2024), 89 FR 42543.
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    On June 26, 2024, pursuant to Section 19(b)(2) of the Act,\4\ the 
Commission designated a longer period within which to approve the 
proposed rule change, disapprove the proposed rule change, or institute 
proceedings to determine whether to disapprove the proposed rule 
change.\5\ On August 19, 2024, the Commission instituted proceedings 
pursuant to Section 19(b)(2)(B) of the Act \6\ to determine whether to 
approve or disapprove the proposed rule change.\7\ On November 5, 2024, 
the Commission designated a longer period for Commission action on the 
proposed rule change.\8\
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    \4\ 15 U.S.C. 78s(b)(2).
    \5\ See Securities Exchange Act Release No. 100437, 89 FR 54894 
(July 2, 2024).
    \6\ 15 U.S.C. 78s(b)(2)(B).
    \7\ See Securities Exchange Act Release No. 100720 (August 13, 
2024), 89 FR 67120 (August 19, 2024).
    \8\ See Securities Exchange Act Release No. 101517 (November 12, 
2024), 89 FR 89070 (November 5, 2024) (Extension No. 2). The 
Commission designated January 10, 2025, as the date by which the 
Commission shall approve or disapprove the proposed rule change.
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    On December 17, 2024, the Exchange withdrew the proposed rule 
change (SR-NYSE-2024-23).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\9\
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    \9\ 17 CFR 200.30-3(a)(12).
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Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2025-01292 Filed 1-17-25; 8:45 am]
BILLING CODE 8011-01-P
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