Type:Notice
Citation:86 FR 7317
Reading Time:about a minute or two
The Securities and Exchange Commission (SEC) announced that it has extended the period for considering a proposed rule change by MIAX PEARL, LLC. MIAX PEARL wants to amend its by-laws to align with a new Equity Rights Program. The SEC originally had 45 days from December 9, 2020, to make a decision but has now extended the deadline to March 9, 2021. This extension will give the SEC more time to review the proposal thoroughly.
Simple Explanation
The government is taking more time to decide if a company named MIAX PEARL can change some rules about how people invest in it, because they want to make sure everything is fair and okay.