NYSE Regulation, Inc., is an independent not-for-profit corporation dedicated to strengthening market integrity and investor protection. A subsidiary of NYSE Euronext, NYSE Regulation's board of directors is comprised of a majority of directors unaffiliated with any other NYSE board. As a result, NYSE Regulation is independent in its decision-making.
As self-regulatory organizations, NYSE Euronext U.S. securities exchanges are responsible for enforcing compliance by their members with exchange rules and applicable federal securities requirements, as well as monitoring and enforcing compliance by listed companies with applicable listing standards. NYSE Regulation performs and oversees these self-regulatory organization responsibilities and functions, through a combination of intercompany delegation agreements and regulatory services agreements. In addition, certain of these regulatory functions have been allocated to FINRA. Others are performed by FINRA or other self-regulatory organizations pursuant to a regulatory services agreement and a national market system plan.
NYSE Regulation, Inc. oversees FINRA’s performance of these services, enforces listed company compliance with applicable standards, and oversees regulatory policy determinations, rule interpretation and regulation related rule development. NYSE Regulation consists of the following functional groups:
• Listed Company Compliance;
• Regulatory Policy and Management;
• StockWatch; and
• Regulation Administration.
Listed Company Compliance. The U.S. securities exchanges require listed companies to meet each exchange's respective original listing criteria at listing, and to thereafter maintain compliance with the respective continued listing standards. Listed Company Compliance monitors and enforces compliance with these standards.
Regulatory Policy and Management. Regulatory Policy and Management has primary responsibility for overseeing the regulation related rule development and interpretation functions for the U.S. securities exchanges and overseeing FINRA’s performance of its contractual obligations to the U.S. securities exchanges.
StockWatch. StockWatch conducts limited real-time monitoring of trading activity on the facilities of the U.S. securities exchanges. Suspicious activity is referred to FINRA for further investigation.
Certificate of Incorporation and Bylaws.
NYSE Regulation, Inc. Certificate of Incorporation
Fourth Amended and Restated Bylaws of NYSE Regulation Inc.