Cboe C2 Exchange, Inc. has put forward a new rule, Rule 3.13, to formalize the current process for the voluntary termination of rights by Trading Permit Holders. Under this proposal, holders must inform the Exchange before a specific deadline if they wish to terminate their permits at the end of its term. The Securities and Exchange Commission (SEC) is inviting comments on this proposed rule change from the public, which can be submitted online or via mail by referring to file number SR-C2-2025-005. The SEC will consider public feedback before making a final decision.
Simple Explanation
Cboe C2 Exchange wants to make a new rule that explains how people who have special permits to trade can tell the Exchange they want to stop using their permits. The rule would make it clear how and when to let the Exchange know, and people can tell the government what they think about this new rule before it's decided.