Type:Notice
Citation:86 FR 6719
Reading Time:about a minute or two
NYSE Arca, Inc. submitted a proposed rule change to the Securities and Exchange Commission (SEC) to list and trade shares of the Teucrium Water Fund under a specific NYSE Arca rule. This proposal was published on December 14, 2020, and as of now, the SEC has not received any public comments. Originally, the SEC had 45 days to make a decision, which would have been by January 28, 2021. However, the SEC has extended the deadline to March 14, 2021, to allow more time to consider the proposal.
Simple Explanation
NYSE Arca, a company that manages stock trading, asked permission from a big boss group called the SEC to start trading parts of a special water fund. The SEC is taking more time until March to decide about it, so they can think about it more carefully.