NYSE Resets Material News Alarm Clock to 7 A.M. Eastern Time
Beginning September 28, 2015, companies listed on the New York Stock Exchange (“NYSE”) must notify the exchange at least 10 minutes prior to releasing material news between 7:00 a.m. (previously 9:30 a.m.) and 4:00 p.m. Eastern Time. This will require a change in process for listed companies because previously no notice to the NYSE was required when announcing material news between 7:00 a.m. and the start of trading at 9:30 a.m. The NYSE also changed other aspects of its timely alert policy, including the circumstances where trading may be halted in connection with material news events.
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