Form 25-NSE Filings

What Is SEC Form 25-NSE?

SEC Form 25-NSE is filed by a national securities exchange under Rule 12d2-2 of the Securities Exchange Act of 1934. Unlike standard Form 25 filings submitted by issuers, Form 25-NSE is used when the exchange itself initiates the delisting and deregistration of a security.

This form is typically filed when a company no longer meets listing standards, has ceased operations, entered bankruptcy, or when trading is suspended and ultimately terminated by the exchange. Form 25-NSE formally notifies the SEC and the public that the security will be removed from exchange trading and registration.

By filing Form 25-NSE, the exchange ensures that the delisting process follows SEC rules and that investors receive proper notice of the security’s removal from the public market.

Key elements typically found in SEC Form 25-NSE include:

• Name of the issuer and security being delisted
• Name of the national securities exchange filing the form
• Reason for delisting initiated by the exchange
• Date trading was suspended or ceased
• Effective date of delisting and deregistration
• Confirmation of compliance with SEC Rule 12d2-2

SEC Form 25-NSE Filing Deadlines

SEC Form 25-NSE follows the same regulatory timing framework as standard Form 25 filings. The deadlines are tied to exchange action rather than issuer decisions.

Key Things to Know About Form 25-NSE Filing Rules

• Filed by the Exchange:
  Form 25-NSE is submitted by a national securities exchange, not the issuing company.
• Often Involuntary:
  This filing usually reflects an involuntary delisting, such as failure to meet listing requirements or regulatory issues.
• Public Disclosure Requirement:
  The filing ensures investors are publicly notified when a security is removed from exchange trading.
• Does Not Immediately End All Reporting:
  Issuers may still have SEC reporting obligations until full deregistration is completed.
• Used in Enforcement and Compliance Actions:
  Form 25-NSE is commonly associated with prolonged trading halts, bankruptcies, or regulatory enforcement outcomes.

To track exchange-initiated de-listings and deregistration activity, our platform helps you monitor filings such as Form 25, Form 25-NSE, Form 8-K, and Form 15, keeping you informed about securities exiting public markets.