Phase III implementation continues with 399 securities added in 1 Day
Approval dependent regulators agreeing on final documentation
Will establish flat fee on NYSE-listed transactions
Elimination fees effective immediately
Move will create more efficient regulatory system
Single organization will eliminate overlapping regulation and reduce costs to industry
Meeting scheduled for December 19
Decision expected by early December
Merged board to be made up of 22 directors
Adds nearly 6,000 bonds to current inventory of NYSE traded issues