The Securities and Exchange Commission (SEC) has announced that NYSE Chicago, Inc. has filed a proposed rule change to transform into a Texas corporation named NYSE Texas, Inc. The proposed changes involve repealing its current Certificate of Incorporation and adopting a new one, updating its bylaws and various rules, as well as its fee schedules. Additionally, the Exchange's parent company, NYSE Chicago Holdings, Inc., will be renamed NYSE Texas Holdings, Inc. along with changes to its registered office address. The SEC is seeking public comments on these changes until March 27, 2025.
Simple Explanation
The company that runs a stock exchange in Chicago is moving to Texas and changing its name to NYSE Texas, Inc. They are changing some of their rules and updating their paperwork to make this move official, and the government wants to know what people think about it before March 27, 2025.