NASDAQ Listing Qualifications
NASDAQ® Listing Qualifications (“LQ”) is headed by Michael Emen, Senior Vice President, and reports to Edward Knight, Executive Vice President, General Counsel and Chief Regulatory Officer. LQ promotes the integrity and reputation of The NASDAQ Stock Market® by reviewing all companies for compliance with the initial and continued listing requirements.
The principal groups within LQ are: the Initial Listings & Structured Financial Products team, which is headed by Will Slattery; the Continued Listings team, led by Doug McKenney; Corporate Governance & Listing of Additional Shares, headed by David Compton; and Listing Investigations, led by Gary Sundick.
Each NASDAQ-listed company is assigned to a specific qualifications analyst who reviews its SEC or other regulatory filings. This individual is also available to answer questions regarding the meaning or application of NASDAQ’s listing requirements. If you are not certain who your qualifications analyst is, you can call LQ’s toll-free hot-line at 877.536.2737.
NASDAQ’s listing requirements are set forth in the 4000 Series of the Marketplace Rules and are further explained in our NASDAQ Listing Standards and Fees and Regulatory Requirements publications. There are also over 250 NASDAQ Listing Qualifications FAQ’s, which provide additional guidance on our initial and continued listing policies and procedures.
Companies considering financing transactions or which have other questions regarding the specific application of NASDAQ’s corporate governance requirements can take advantage of NASDAQ’s written interpretations program. This is a fee-based process pursuant to which a company can request a specific written interpretation of NASDAQ’s listing rules. NASDAQ staff also review various transactions which are the subject of filings pursuant to the listing of additional shares program. Companies are encouraged to call with any questions as early as possible in that process.
For further information or assistance, please contact us at:
Listing Qualifications 301.978.8008 or 877.536.2737
||Initial Listings & Structured Products
||Corporate Governance & LAS
NASDAQ Global Select Market
The NASDAQ Global Select Market has the highest initial listing standards of any stock market in the world. A company must meet specific financial and liquidity requirements for initial listing and must continue to meet standards to maintain its listing on the NASDAQ Global Select Market.
NASDAQ Global Market
The NASDAQ Global Market, formerly the NASDAQ National Market®, has a new name that more accurately reflects the global leadership and international reach of this market and listed companies. A company must meet all initial listing criteria of one of the three listing standards for initial listing and must continue to meet standards to maintain its listing on the NASDAQ Global Market.
NASDAQ Capital Market
The NASDAQ Capital Market, formerly the NASDAQ SmallCap MarketSM, was renamed in 2005 to reflect the core purpose of this market — capital formation. A company must meet the minimum financial requirements for initial listing and must continue to meet standards to maintain its listing on the NASDAQ Capital Market.