Search Results for keywords:"Options-Linked Securities"

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Search Results: keywords:"Options-Linked Securities"

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  • 2020-29137 — Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Withdrawal of a Proposed Rule Change To Amend NYSE Arca Rule 5.2-E(j)(6) Relating to Options-Linked Securities
    Type:Notice
    Citation:86 FR 354
    Reading Time:about a minute or two

    NYSE Arca, Inc. filed a proposed rule change with the Securities and Exchange Commission (SEC) to amend a rule regarding the listing and trading of Options-Linked Securities. This proposal went through a period of consideration, including a time extension by the Commission to decide on approval or disapproval. However, no public comments were received. Ultimately, on December 29, 2020, NYSE Arca decided to withdraw the proposed rule change.

    Simple Explanation

    NYSE Arca wanted to change a rule about trading certain kinds of financial products called Options-Linked Securities, but after thinking about it for a while, they decided to cancel their idea.

  • 2020-29019 — Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Withdrawal of a Proposed Rule Change To Accommodate Exchange Listing and Trading of Options-Linked Securities
    Type:Notice
    Citation:86 FR 163
    Reading Time:about a minute or two

    The Cboe BZX Exchange, Inc. had proposed a rule change to allow the listing and trading of Options-Linked Securities. This proposal was initially filed with the Securities and Exchange Commission (SEC) in May 2020 and published for public comment in June 2020. The SEC extended the period for decision-making on several occasions throughout 2020, but ultimately, the Exchange decided to withdraw the proposed rule change in December 2020. The Commission did not receive any comment letters regarding this proposal.

    Simple Explanation

    The Cboe BZX Exchange wanted to create a new rule to buy and sell special kinds of stocks called Options-Linked Securities, but after thinking about it and asking for people's thoughts, they decided not to make this rule. Nobody sent them any comments or letters about it, and they didn't say why they changed their mind.