Dark pool is growing, self-supervision is failing- Reflection on the decentralization of the securities market -Part 4

Si Gyeongmin

Sep 28, 2021

The main areas where the exchange has regulatory powers over traders and issuers are:

1. Company listing rules

The exchange has established a series of rules and conditions for companies that wish to publicly issue securities and go public. The listing criteria cover the full range of company organization, business, financial integrity, as well as ongoing activities and events. The "New York Stock Exchange Listing Manual" lists the NYSE's listing qualifications, requiring any listed company to meet specific corporate governance and financial conditions, and to disclose extensive information in terms of earnings, market value, board composition, and key personnel. Listed companies must keep abreast of major events and correct misinformation in the market, which helps the exchange to complete market monitoring. For investors hoping to return, this review has huge benefits. In addition, the supervision implemented by the exchange to implement securities and corporate governance standards help to regulate the internal composition and behavior of listed companies.

The importance of review is obvious when the exchange implements its rules. If the company fails to meet the corporate governance standards, it is not in the public interest to trade certain securities, or the exchange considers the company unsuitable for listing, the exchange can make the company subject to self-discipline or delisting. The market's response also shows that investors are paying attention to the value of the signal from exchange enforcement.

Related Stories

Privacy Policy | Terms of Use

Copyright 2022.All rights Reserved.

Contact us at : [email protected]