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Frequently Asked Questions
  What happens if an Exchange Traded Product fails to meet a listing requirement?
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 of the date of the initial notification letter. 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 the hearing process is available here.
Publication Date*: 4/10/2023 Mailto Link Identification Number: 1385
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