• SEC Revises Rules for Delisting Securities Listed on a Stock Exchange
  • September 29, 2005
  • Law Firm: Mayer, Brown, Rowe & Maw LLP - Chicago Office
  • On July 15, 2005, the Securities and Exchange Commission announced that it had amended Rule 12d2-2 , among others, under the Securities Exchange Act of 1934, and Form 25 to streamline the process for removing from listing, and withdrawing from registration, securities of an issuer that are listed on a stock exchange. Rule 12d2-2 governs the delisting and deregistration process for both exchange-initiated and issuer-initiated applications to delist a security from a stock exchange.