NYSE Regulation publishes a list of issuers that are noncompliant with NYSE quantitative/qualitative continued listing standards (collectively “.BC”) or that are delayed in filing an annual or interim report required pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 (a late filer or “.LF”).
Quantitative/qualitative deficiencies and delinquencies: An issuer/issue is added to the list five business days after NYSE Regulation notifies the issuer of deficiency or delinquency and is removed from the list one business day after the issue is resolved or the issuer is determined to be in good standing.
Corporate governance deficiencies: An issuer/issue is added to the list seven business days after NYSE Regulation notifies the issuer of the deficiency; if the noncompliance results from a death or illness of a director, the issuer is added to the list six months after the event. An issue is removed from the list one business day after it is resolved and an issuer is removed from the list one business day after it is determined to be in compliance with the corporate governance listing standards.
Two indicators are disseminated to identify an issuer's noncompliance with the continued listing standards. A .BC indicator is used for an issuer that is below compliance with the continued listing standards and a .LF indicator is used for an issuer that has failed to make a timely filing with the Securities and Exchange Commission.
The continued listing standards are set forth in the NYSE Listed Company Manual. See Sections 802.02 and 802.03 of the Listed Company Manual for NYSE quantitative/qualitative continued listings standards and related procedures and cure periods and Section 303A for NYSE corporate governance listing standards.