NYSE Arca, Inc. filed a proposed rule change with the Securities and Exchange Commission on November 12, 2020. The change concerns the availability of information for the iShares Gold Trust, the iShares Silver Trust, and the iShares S&P GSCI Commodity-Indexed Trust. The SEC extended its review period for the proposed rule change to give itself more time to decide whether to approve, disapprove, or further scrutinize the proposal. The new decision deadline is February 21, 2021.
Simple Explanation
The big people at NYSE Arca want to make some new rules about how they share information about gold, silver, and other stuff they manage, but the people who check these rules need more time to decide if they are okay, so they extended their thinking time until February 21, 2021.