The Securities and Exchange Commission (SEC) has temporarily suspended a proposed rule change by NYSE Arca, Inc., which aimed to waive the Options Regulatory Fee (ORF) for December 2024 and resume it at the same rate in January 2025. The SEC will determine whether to approve or disapprove this proposal, asking for public comments to ensure that the changes meet legal requirements and are fair to all involved parties. The proposal is under scrutiny as it could potentially lead to unfair fee structures or competition discrepancies. The SEC invites comments and insights on this matter to aid in their decision-making process.
Simple Explanation
The SEC is deciding whether or not to let NYSE Arca, a stock exchange, stop charging a special fee for December 2024 and then start charging it again in January 2025. They want to make sure this plan is fair and doesn't give anyone an unfair advantage, so they are asking people for their opinions to help decide.