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Q: History of NYSE Rule 465 ( Answered,   0 Comments )
Subject: History of NYSE Rule 465
Category: Business and Money
Asked by: frustratedampersand-ga
List Price: $100.00
Posted: 12 Dec 2005 18:15 PST
Expires: 11 Jan 2006 18:15 PST
Question ID: 605048
I need information regarding the *HISTORY* of NYSE Rule 465 which sets
the reimbursement fees for the transmission of proxy materials. 
Specifically, when was the rule first implemented?  What was its
original purpose?  What was going on at the time that prompted the
NYSE to implement the rule?

I have already looked on the NYSE's website and did not find their
historical information helpful.  I have also spent considerable time
searching using "Rule 465" as a primary search term.

Based on my research so far, I have a feeling that the key to a
successful answer could lie in determining what the rule was called
when it was first implemented.  I doubt it was originally referred to
as Rule 465, but I haven't been able to figure out any alternate

Here is a link to the Rule (you'll have to scroll down):

This is an important and time-sensitive project.  Thank you so much
for your prompt help!!

Request for Question Clarification by pafalafa-ga on 12 Dec 2005 20:04 PST

I see what you mean!  Your two questions are tough to pin down.

The rules all seem to hark back to the two Securities and Exchange
laws of 1933/1934 that put federal oversight, generally, and the SEC,
particularly, in place.  But there's no clear path to follow that I
can find from the laws, through SEC regulations, to NYSE rules.

I wonder, though, if you are familiar with the NYSE "Listed Company
Manual", which can be accessed in full here:

You can find a bit more context here than you can from the Rules
themselves.  There's not much additional content for Rule 452, but for
Rule 465 you can get some context of where it came from, and what
factors changed the fees in recent years.

I can't copy the text here, as I assume it's copyright.  But if you
click on the "Search" tab towards the top of the page, and then search
on [ rule 465 ] you'll be taken to the text I'm referring to.

Have a look, and let me know if that's helpful at all.


Clarification of Question by frustratedampersand-ga on 12 Dec 2005 23:08 PST
That is actually helpful, thanks.  Additionally, it makes me feel
better to know that I'm not missing something.  Shall we consider this
answered so that you can get paid?
Subject: Re: History of NYSE Rule 465
Answered By: pafalafa-ga on 13 Dec 2005 05:08 PST

I'm glad to hear that the information I pointed you to was helpful.

I've continued looking into the background of Rule 465, but I haven't
come up with anything beyond what I already provided.  I suspect a
good historical summary for this rule (or Rule 452) would probably
require a visit to the SEC or NYSE library room.

If you come across a need for any follow-on research regarding Rule
465, feel free to let me know if there's anything else I can do for



search strategy -- Searched Google, the SEC site, and several
newspaper and article databases for [ Rule 465 ]
There are no comments at this time.

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