Federal Register #SR-NYSEARCA-2026-105

NYSE Arca proposes broadening eligibility for non-affiliated board director nominees

The Securities and Exchange Commission (SEC) notice concerns a proposed NYSE Arca board-nomination rule change, not a procurement opportunity. - Government agency: Securities and Exchange Commission (SEC); no specific sub-agency or office is identified. - Proposal: NYSE Arca, Inc. proposes amending Rule 3.2(b)(3)(C)(ii) so its Nominating Committee may select any individual as a nominee for a non-affiliated director position. - The current rule limits eligible nominees to certain OTP Holders, ETP Holders, and specified associated persons. - NYSE Arca says the change would broaden the committee’s candidate pool and align its rules with governance arrangements at New York Stock Exchange LLC and NYSE American LLC. - Other exchanges mentioned: Nasdaq Stock Market LLC and CBOE BYX Exchange, Inc. are cited as examples of other self-regulatory organizations. - Public input: The SEC notice invites comments on the proposed rule change. - Procurement details: No products, services, OEMs, vendors, quantities, or part numbers are requested.

Description

NYSE Arca, Inc. proposes to amend Rule 3.2(b)(3)(C)(ii) so its nominating committee may nominate any individuals for non-affiliated director positions on the Exchange’s board. The current rule limits nominees to specified OTP Holders, ETP Holders, and associated persons. The filing states that the change would give the committee more options and align the rule with governance arrangements at certain affiliated exchanges. The SEC notice invites comments on the proposed rule change.

View original listing