NYSE Amex narrows approved person definition (2012)
NYSE Amex amended its definition of 'approved person' to exclude foreign affiliates and eliminated the application process for approved persons. The SEC approved the change in February 2012.
Foreign affiliates no longer needed approved person status, and the application process was dropped.
The category began shrinking years before its eventual elimination.
The same category, the same exchange family, an earlier step in the same direction.
