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Natural Asset Company rule request withdrawn

Updated: Jan 18

A very special thanks to Representative Ken Pendergraft for providing us with this report!


Effective today, the SEC has published the notice of withdrawal for the rule request to establish NACs, so crisis averted.


We want to thank Congresswoman Hageman, Senators Barrasso and Lummis for their stalwart efforts in defense of Wyoming and our way of life.


See the retraction posted here: SECURITIES AND EXCHANGE COMMISSION

(Release No. 34-99355; File No. SR-NYSE-2023-09)


January 17, 2024


Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Withdrawal of

Proposed Rule Change to Amend the NYSE Listed Company Manual to Adopt Listing Standards for Natural Asset Companies


On September 27, 2023, New York Stock Exchange LLC (the “Exchange” or “NYSE”)

filed with the Securities and Exchange Commission (“Commission”), pursuant to Section

19(b)(1) of the Securities Exchange Act of 1934 (“Act”)1 and Rule 19b-4 thereunder,2 a

proposed rule change to amend the NYSE Listed Company Manual to adopt a new listing

standard for the listing of Natural Asset Companies (“NAC”). The proposed rule change was

published for comment in the Federal Register on October 4, 2023.3 On November 7, 2023,

pursuant to Section 19(b)(2) of the Act,4 the Commission designated a longer period within

which to approve the proposed rule change, disapprove the proposed rule change, or institute proceedings to determine whether to disapprove the proposed rule change.5 On December 21, 2023, the Commission instituted proceedings pursuant to Section 19(b)(2)(B) of the Act6 to determine whether to approve or disapprove the proposed rule change.

7


On January 17, 2024, the Exchange withdrew the proposed rule change (SR-NYSE-2023-09).

For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.8


Sherry R. Haywood,

Assistant Secretary.

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