New NYSE Rule Requiring Semi-Annual Financial Information from FPIs

On February 19, 2016, the Securities and Exchange Commission approved a new rule proposed by the New York Stock Exchange, requiring a NYSE-listed foreign private issuer to submit semi-annual financial information to the SEC on Form 6-K. The same requirement already applies to NASDAQ-listed FPIs. New Section 203.03 of the NYSE Listed Company Manual requires a listed FPI, at a minimum, to submit to the SEC a Form 6-K with (i) an interim unaudited balance sheet as of the end of its second fiscal quarter and (ii) a semi-annual unaudited income statement that covers its first two fiscal quarters.