New NYSE Rule Requires Foreign Private Issuers to File Semi-Annual Unaudited Financial Information

The New York Stock Exchange (NYSE) announced the adoption of a rule change (the Rule Change) to its Listed Company Manual (the Manual) that would affect listed foreign private issuers (FPIs).1 In adopting the Rule Change, the NYSE has narrowed the gap in reporting requirements that currently exists between NYSE-listed FPIs and NYSE-listed domestic issuers. The Rule Change is effective retroactively from Feb. 5, 2016. Under the Rule Change, new Section 203.03 requires NYSE-listed FPIs…