Friday, November 20, 2009

California Amends National Security Exchange Names and Functions to Match Federal Changes

The names and functions of certain national security exchanges, stock exchanges, markets and related entities were amended by the California Department of Corporations to reflect changes made to the National Security Exchange names and functions at the federal level,
effective December 10, 2009. The changes include: (1) adding the NASDAQ Global Market to the national securities exchange list and deleting references to the interdealer quotation system of the National Association of Securities Dealers, Inc.; (2) adding the New York Stock Exchange AMEX to the national securities exchange list and deleting references to the Emerging Company Marketplace; (3) adding Tier I of the NYSE Arca to the national securities exchange list and deleting references to the Pacific Stock Exchange; (4) adding Tier I of the NASDAQ OMX PHLX and deleting references to Tier I of the Philadelphia Stock Exchange; (5) adding the electronic service operated by the Pink Sheets LLC or the OTC Bulletin Board and deleting references to the National Daily Quotation Service; (6) adding the Pink Sheets LLC, the OTC Bulletin Board and the NASDAQ Stock Market LLC and deleting references to the National Quotation Bureau; (7) repealing the exemption from registration for securities listed on the Chicago Board Options Exchange; (8) repealing the exemption for securities listed on the Pacific Stock Exchange; and (9) changing references from the National Association of Securities Dealers, Inc. to the Financial Industry Regulation Authority.

For more information please see here.

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