|
|
Timeframe
|
|
|
Category
|
|
|
Sub-Category
|
|
|
** To make multiple selections, select the first criterion and then press and hold
the Ctrl Key **
|
|
|
1- 28 of 28
Search Results for:
|
Ordering of Search Results
When searching across multiple libraries:
FAQs will appear in alphabetical order by category and sub-category
Governance Clearinghouse will appear in reverse chronological order by year
Listing Council Decisions will appear in reverse chronological order by year.
Staff Interpretations will appear in reverse chronological order by year
When searching using keywords:
Results are returned in order of term frequency (i.e., the number of times the keywords appear in the material).
|
Libraries:  
FAQs - Listings
|
Filters:  
Exchange Traded Products;
|
|
|
|
Once your application is submitted, you must submit any changes directly to your Listing Analyst. You can, however, submit additional documentation and update information contained in your Corporate Governance Certification and Listing Agreement at any
time during the process. Once updated, you can re-submit these documents or upload any additional documents through the Listing Center.
Publication Date*:
7/31/2012
|
|
|
Identification Number:
45
|
|
|
|
Identification Number
313
|
|
Yes. Nasdaq-listed companies are required to file with Nasdaq copies of all reports and other documents filed or required to be filed with the SEC (or other appropriate regulatory authority) on or before the applicable due date. This requirement is considered
fulfilled if the company files the report or document with the SEC through the EDGAR system. A company that does not file through the EDGAR system is required to provide two copies of the report to Nasdaq unless the company emails a copy to
continuedlisting@nasdaq.com. Please see the Distribution of Annual & Interim Reports Frequently Asked Questions for more information regarding the filing of SEC periodic reports.
Banks and officers and directors of listed companies that file with the FDIC must still provide paper copies to Nasdaq. Currently, Nasdaq systems do not have an electronic link with FDICconnect; therefore, Nasdaq is not notified when filings are made through
that system.
For additional information regarding the reporting requirements of Nasdaq's listed companies, please refer to the
Continued Listing Guide.
Publication Date*:
7/31/2012
|
|
|
Identification Number:
313
|
|
|
|
Identification Number
486
|
|
A company may request a symbol for trading on the Nasdaq Stock Market by using our
online form.
A company may request to reserve a symbol up to 24 months in advance of an initial listing application submission. If the symbol is not used during the 24-month reservation period, it will be made free and available for other potential applicants. A company
may then re-apply for a symbol reservation after the original reservation expires provided that no other company has reserved the symbol. A reserved symbol may also be released at any time with given notice. A new symbol reservation can then be made if the
applicant wishes to change its reserved symbol, assuming the new symbol is free and available.
The Nasdaq Stock Market does not reserve symbols for the OTCBB or the OTC Markets. Symbol reservations for OTCBB or OTC Markets are managed by FINRA. Any inquiries regarding symbol reservation for OTCBB or the OTC Markets should be forwarded to
otcsymbols@finra.org.
Publication Date*:
7/31/2012
|
|
|
Identification Number:
486
|
|
|
|
Identification Number
1383
|
|
The Listing applications and related forms are available through the
Nasdaq Listing Center. Before completing your application electronically, please take a few minutes to review our Exchange Traded Products website. Generally, companies will need to complete the Listing Application, Listing Agreement, Corporate Governance
Certification Form, and Logo Submission Form. However, please note that Issuers registered under the Investment Company Act of 1940 are not required to submit a Corporate Governance Certification Form.
Issuers of ETPs should complete the following application: "Listing Application - Seeking to List an Exchange Traded Fund or Other Structured Product". If you are unfamiliar with the contents of the application and related forms, we recommend that you
preview the forms prior to logging into the Listing Center. This will help you gather all the information you will need to complete the forms. In addition, you can find instructions for completing the listing
application here.
An issuer does not need to complete all forms, or all information on a form, at the same time, and the Listing Application can be submitted when it is complete even if the other documents are still pending.
Questions regarding the listing process should be directed to Listing Qualifications Staff at +1 301 978 8008.
Publication Date*:
6/20/2017
|
|
|
Identification Number:
1383
|
|
|
|
Identification Number
1384
|
|
There is a $1,000 non-refundable application fee that must be submitted with the application. Any remaining amounts that are paid, such as pre-payment of the entry fee, are refundable. Please refer to the Fees section for further details.
Publication Date*:
6/20/2017
|
|
|
Identification Number:
1384
|
|
|
|
Identification Number
1387
|
|
The new continued listing standards for Exchange Traded Products became effective on January 1, 2018. Nasdaq now requires submissions in order to monitor compliance with the new rules beginning with an ETPs first fiscal quarter ending on or after that
date.
Publication Date*:
6/20/2017
|
|
|
Identification Number:
1387
|
|
|
|
Identification Number
1463
|
|
The new continued listing standards require ETPs listed on Nasdaq to maintain compliance with certain listing standards related to the composition of the ETP's underlying index, portfolio or reference assets on a continuous basis. Previously, these standards
generally were only reviewed upon initial listing. The new standards also clarify that issuers of ETPs are subject to Nasdaq's rules requiring prompt notification to Nasdaq when the issuer becomes aware of non-compliance with the listing requirements. The
new continued listing standards are contained in the Nasdaq Rule 5700 series and the changes can be found
here.
Publication Date*:
12/1/2017
|
|
|
Identification Number:
1463
|
|
|
|
Identification Number
1461
|
|
The new continued listing standards are effective January 1, 2018 for all ETPs listed on Nasdaq.
Publication Date*:
12/1/2017
|
|
|
Identification Number:
1461
|
|
|
|
Identification Number
1458
|
|
ETPs listed pursuant to a product-specific rule filing under SEC Rule 19b-4 will be required to maintain compliance with the representations made in the filing regarding the index composition, description of the portfolio or reference assets, limitations on
portfolio holdings or reference assets, dissemination and availability of index reference asset and intraday indicative values, and the applicability of Nasdaq rules and surveillance procedures (the "19b-4 Representations"). Such ETPs do not also have to meet
the continued listing standards otherwise included in the listing rules for the specific type of ETP.
Example
An ETF listed pursuant to Rule 5705(b)(3) files a rule proposal requesting relief because it does not meet Rule 5705(b)(3)(A)(i)(a) (90% of the component weight of the index has a minimum market value of $75 million). If the rule proposal is approved, the
ETF would thereafter be required to comply with 1) the 19b-4 Representations contained in the rule proposal and 2) the requirements of Rule 5705(b)(3)
except for Rule 5705(b)(3(A)(i)(a).
Publication Date*:
12/1/2017
|
|
|
Identification Number:
1458
|
|
|
|
Identification Number
1388
|
|
Yes. ETPs will be required to submit portfolio or index component data (as applicable) on a quarterly basis based on the fund's fiscal year end or in connection with an index rebalance or reconstitution. The table below describes the information required
for various ETPs, based on the listing requirements under which the ETP is listed.

Nasdaq will send an email reminder 30 days prior to the ETPs period end date indicating when the submissions are due. In lieu of submitting the quarterly component file, issuers can submit the file following an index rebalance
or reconstitution if the rebalance or reconstitution took place within the fiscal quarter. Issuers who submit the file in connection with a rebalance or reconstitution do not have to submit a separate file for the same fiscal quarter.
ETP sponsors must use our template
for submitting index or portfolio component data. Certifications and submissions of data can be submitted using the Listing Center's Company Event Form. A preview of that form can be found
here.
Publication Date*:
12/1/2017
|
|
|
Identification Number:
1388
|
|
|
|
Identification Number
1487
|
|
In order to allow Nasdaq to determine an ETPs compliance with the continued listing standards, ETPs are required to submit portfolio or index component data (as applicable) on a quarterly basis based on the fund's fiscal year end or in connection with an
index rebalance or reconstitution. All data submissions are due no later than 30 calendar days following the end of the applicable quarter.
Passive ETFs and ETNs: The index component file must be as of a date within 30 calendar days following the end of the applicable quarter OR if the index was subject to a rebalance or reconstitution during the quarter, as of the date of the
rebalance or reconstitution.
Active ETFs: The portfolio component file must be as of a date within 30 calendar days following the end of the applicable quarter.
NextShares: The portfolio component file should be as of the date of the most recent publicly available portfolio.
If you have questions, please contact
ETP_regulation@nasdaq.com.
Publication Date*:
1/17/2018
|
|
|
Identification Number:
1487
|
|
|
|
Identification Number
1412
|
|
When the new continued listing requirements in the Rule 5700 Series become effective, the issuer of an index-based ETF will be required to provide Nasdaq with the index components on a quarterly basis and Nasdaq will assess compliance with the listing
requirements at that time. In addition, Nasdaq believes issuers should review the index components underlying their product for compliance with the continued listing requirements in connection with index rebalances, reconstitutions, or when there are other
material changes to the index components. Nasdaq rules require that an ETF issuer notify Nasdaq of any non-compliance identified at those times. In lieu of submitting the quarterly component file, issuers can submit an index component file following an index
rebalance or reconstitution, if the rebalance or reconstitution took place within the fiscal quarter. Issuers who submit the file in connection with a rebalance or reconstitution do not have to submit a separate file for the same fiscal quarter.
Publication Date*:
12/1/2017
|
|
|
Identification Number:
1412
|
|
|
|
Identification Number
1460
|
|
Currently, the continued listing standards require that the underlying index must meet the requirements.
Publication Date*:
12/1/2017
|
|
|
Identification Number:
1460
|
|
|
|
Identification Number
1462
|
|
Nasdaq will obtain basic index component data (component tickers, identifiers, weights, etc.) from the issuer or the index provider. In instances where Nasdaq does not have additional component data (market value data, volume date, issuer financials, etc.)
used in determining compliance, data will be obtained from a third-party vendor. Please contact Nasdaq if there are any issues related to the delivery of basic index component data.
Publication Date*:
12/1/2017
|
|
|
Identification Number:
1462
|
|
|
|
Identification Number
1464
|
|
Nasdaq will use data from a third party to determine the total issuer debt and worldwide market value of its outstanding common equity held by non-affiliates. The issuer is the entity that issued the security.
Publication Date*:
12/1/2017
|
|
|
Identification Number:
1464
|
|
|
|
Identification Number
1465
|
|
Yes, Nasdaq considers these securities to be exempt securities as defined in Section 3(a)(12) of the Exchange Act.
Publication Date*:
12/1/2017
|
|
|
Identification Number:
1465
|
|
|
|
Identification Number
1466
|
|
Nasdaq will generally aggregate Agency MBS components from the same Agency issuer when they have the same rate, term and year of issuance.
Publication Date*:
12/1/2017
|
|
|
Identification Number:
1466
|
|
|
|
Identification Number
1467
|
|
Yes. A copy of the current list is available upon request.
Publication Date*:
12/1/2017
|
|
|
Identification Number:
1467
|
|
|
|
Identification Number
1468
|
|
Equity
Nasdaq rules allow "U.S. Component Stocks" and "Non-U.S. Component Stocks" to be treated as equities within indices. This includes, but is not limited to, common stock, preferred stock, ordinary shares, and American Depositary Receipts (ADRs).
Fixed Income
"Fixed Income Securities" are defined as "notes, bonds, debentures or evidence of indebtedness that include, but are not limited to, U.S. Department of Treasury securities ("Treasury Securities"), government-sponsored entity securities ("GSE Securities"),
municipal securities, trust preferred securities, supranational debt and debt of a foreign country or subdivision thereof." Please see Nasdaq Rule 5705(b)(4).
Securities not specifically mentioned above will be defined on a case by case basis.
Publication Date*:
12/1/2017
|
|
|
Identification Number:
1468
|
|
|
|
Identification Number
1537
|
|
A leveraged ETP seeks to provide daily returns that are based on a multiple of the long performance of the underlying index. Because of their structure, these ETPs can perform much differently than expected when held for periods longer than a day. Investors
should consult the ETP prospectus prior to investing. The SEC and FINRA have published
guidance on investing in these types of products.
Publication Date*:
5/29/2018
|
|
|
Identification Number:
1537
|
|
|
|
Identification Number
1538
|
|
An inverse ETP seeks to provide daily returns that are based on a multiple of the opposite performance of the underlying index. Because of their structure, these ETPs can perform much differently than expected when held for periods longer than a day. Investors
should consult the ETP prospectus prior to investing. The SEC and FINRA have published
guidance on investing in these types of products.
Publication Date*:
5/29/2018
|
|
|
Identification Number:
1538
|
|
|
|
Identification Number
1539
|
|
Unlike many ETPs, Leveraged and Inverse ETPs are constructed to provide a stated return on a daily basis. Holding these ETPs for longer than a day significantly increases the risk that the product will not perform as intended. Compounding returns of periods
greater than a day could cause the return at the end of the holding period to differ significantly from the expected return.
For example, a fund is designed to track the inverse return (-1x) of an index. Both the fund and the index begin with a value of 100.
Day 1: the index declines 10% to 90. Thus, the fund increases 10% to $110.
Day 2: the index increases 20% to 108. Thus, the fund decreases 20% to $88.
Day 3: the index declines 20% to 86.4. Thus, the fund increases 20% to $105.60.
Day 4: the index increases 20% to 103.68. Thus, the fund decreases 20% to $84.48.
Over the four day period, the index increased 3.68% but the value of the fund decreased 15.52%. While the fund operated as designed, investors could be confused that the decrease in the value of the fund over these four days was significantly different than
the simple inverse return of -3.68%. In fact, because of daily compounding, it is actually more than four times lower.
Publication Date*:
5/29/2018
|
|
|
Identification Number:
1539
|
|
|
|
Identification Number
1540
|
|
If a listed ETP is going to be redeemed on an early or accelerated basis, the issuer should contact Nasdaq staff prior to the public announcement of the redemption to coordinate the cessation of trading for the ETP. In determining when to cease trading,
Nasdaq will consider, among other factors, the final valuation date, when dissemination of the intraday and closing indicative values will be discontinued, and whether the indicative value will continue to be representative of the product's cash value per
share.
Issuers are also reminded to contact the MarketWatch department at least 10 minutes prior to the release of any material information. See this
FAQ for further details.
Publication Date*:
5/29/2018
|
|
|
Identification Number:
1540
|
|
|
|
Identification Number
1385
|
|
If the issuer is aware that an ETP has become deficient, they must notify the Nasdaq Listing Qualifications' Analyst. ETPs that fail to meet the continued listing standards contained in the Rule 5700 Series are subject to the procedures described in Listing
Rule 5810. Under these procedures, the Listing Qualifications' Analyst will send the ETP a letter requesting that the company submit a plan to regain compliance. The plan is generally due within 45 calendar days. If Nasdaq staff accepts the plan, the company
can be granted an extension of up to 180 calendar days from the date of the initial notification letter. If the plan is not accepted, Nasdaq staff will notify the issuer by phone and subsequently send a delisting letter. The ETP can request that an independent
Panel review the Nasdaq staff's decision. More information about this Hearing Process is available
here.
Publication Date*:
6/20/2017
|
|
|
Identification Number:
1385
|
|
|
|
Identification Number
1413
|
|
When Nasdaq believes that an ETP is not in compliance with a continued listing requirement, Nasdaq will contact the issuer to confirm the underlying facts. Following this initial notification, Nasdaq will draft a deficiency notification, as described in
the Rule 5800 Series. The letter generally will be issued within ten business days from the initial contact (following re-confirmation of the non-compliance) and the issuer has 45 calendar days from the date of Nasdaq's letter to submit a plan to regain compliance.
Based on this plan, Nasdaq can grant up to 180 calendar days from the date of the deficiency notification for the issuer to cure the deficiency.
Publication Date*:
8/14/2017
|
|
|
Identification Number:
1413
|
|
|
|
Identification Number
1459
|
|
A list of non-compliant securities is available
here and is updated on a daily basis. An ETP will be added to the list five calendar days after Nasdaq notifies the issuer of the ETP of the non-compliance by issuing a letter of deficiency is issued. A Financial Status Indicator signifying that the security
is non-compliant with the continued listing standards also will be distributed to data vendors starting five calendar days after the letter of deficiency is issued. The ETP will continue to appear on the list and will retain the Financial Status Indicator
until Nasdaq has determined that the ETP has regained compliance with the continued listing standards.
Publication Date*:
12/1/2017
|
|
|
Identification Number:
1459
|
|
|
|
Identification Number
1386
|
|
For questions on listing requirements, including forms for listed ETPs, please see the " Contact Us" section of the Exchange Traded Products
website. Representatives of listed ETPs can also log into the Listing Center to get contact information for their dedicated Listing Qualifications' Analyst.
Publication Date*:
6/20/2017
|
|
|
Identification Number:
1386
|
|
|
|
A Listing Application must be completed by all companies that wish to initially list on Nasdaq or by a company that is already listed on Nasdaq but wishes to transfer between the Nasdaq Global Market and the Nasdaq Capital Market. A listed company should
also complete and submit a listing application if it wishes to list a secondary security on Nasdaq.
Publication Date*:
7/31/2012
|
|
|
Identification Number:
40
|
|
|
|
|