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Frequently Asked Questions
  What is Nasdaq's compliance process when a company has less than the required number of market makers?
Identification Number 363
When a company has fewer than the requisite number of market makers for 10 consecutive trading days, Nasdaq will notify the company of the deficiency. The company will be provided 30 calendar days to regain compliance, which can be demonstrated by maintaining the minimum number of market makers for 10 consecutive trading days. If the 30-day compliance period expires, the company will be issued a delisting letter, which it may appeal at that time. Please note that an Electronic Communications Network is not considered a market maker for the purposes of this rule. See Hearings Process FAQs for additional information.
Publication Date*: 7/31/2012 Mailto Link Identification Number: 363
material_search_footer*The Publication Date reflects the date of first inclusion in the Reference Library, which was launched on July 31, 2012, or a subsequent update to the material. Material may have been previously available on a different Nasdaq web site.
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