The NYSE noted on its parent ICE’s website: In light of further consultation with relevant regulatory authorities in connection with Office of Foreign Assets Control FAQ 857, available here, the New York Stock Exchange LLC (“NYSE”) announced today that NYSE Regulation no longer intends to move forward with the delisting action in relation to the three issuers enumerated below (the “Issuers”) which was announced on December 31, 2020. At this time, the Issuers will continue to be listed and traded on the NYSE. NYSE Regulation will continue to evaluate the applicability of Executive Order 13959 to these Issuers and their continued listing status.
So in essence, the NYSE said no. Again, going to be interesting.
I saw this too. But on reading the eo, there is a grace period until Jan 11. Maybe they can still be listed but illegal for us persons to own? They have to be dropped from the index funds etc
I think that was the point of the grace period.. since November. The eo says Jan 11 at 930, so unless something else overrides it, I guess that's today
Well, it'll be interesting to see how this plays out. Especially in light of the following:
Proof that Beijing really controls Wall Street: NYSE ignored Trump’s executive order to delist China telecoms
So in essence, the NYSE said no. Again, going to be interesting.
Loefflers husband is part of NYSE. Think he owns something...would make the call out from Trump during GA run off rally 100x funny
I saw this too. But on reading the eo, there is a grace period until Jan 11. Maybe they can still be listed but illegal for us persons to own? They have to be dropped from the index funds etc
Yeppers. I think they need additional time to liquidate shares and decouple.
I think that was the point of the grace period.. since November. The eo says Jan 11 at 930, so unless something else overrides it, I guess that's today
Looks like it's starting:
https://financialpost.com/pmn/business-pmn/nyse-says-starting-process-to-delist-3-china-telco-companies-2
They are probably hoping trump goes away and slow rolling