Cboe BYX Exchange, Inc. has proposed a rule change to the Securities and Exchange Commission (SEC) to amend Rule 2.8, which deals with a member's voluntary termination of rights. This rule change requires members who wish to give up their rights to notify the Exchange by a certain deadline using a specified method. The SEC is asking for public comments on this proposed change, and submissions should be filed by March 31, 2025. All comment submissions will be available for public viewing on the SEC's website.
Simple Explanation
Cboe BYX Exchange, Inc. wants to change a rule about how their members can quit the club, saying members need to tell them by a certain time and in a certain way, and now they are asking people to say what they think about this change before the end of March 2025.