The New York Stock Exchange LLC submitted a proposed rule change to the Securities and Exchange Commission (SEC) to update certain rules, including allowing the appointment of Trading Officials. This proposal was published for public comment in the Federal Register on December 30, 2020, but no comments were received. The SEC needed more time to review the proposal and decided to extend the period for their decision, setting a new deadline of March 30, 2021, to either approve or disapprove the rule change.
Simple Explanation
The New York Stock Exchange wants to change some rules so that special helpers, called Trading Officials, can be chosen, but the group that checks if rules are okay, the SEC, needs more time to decide about this, so they will make up their minds by the end of March 2021.