SEC streamlines process for delisting (2005)

• By amending its rules and Form 25
• Won't be effective until 4.24.06 to allow exchanges to adopt conforming rules
• Client mailing (8.29.05)

Rule 12d2-2

Rule 19d-1

Form 25

Final release 34-52029 (2005)

• Proposal release 34-49858 (2004)
• Comment letters

Exchange Listing Requirements