The New York Stock Exchange (NYSE) submitted a request to the Securities and Exchange Commission (SEC) to make certain temporary rules permanent. These involve procedures for handling specific types of stock market auctions and making related changes to other trading rules. The SEC is taking additional time to examine this proposed rule change, extending the deadline to March 1, 2021, to decide whether to approve or disapprove it. No public comments have been submitted regarding this proposal.
Simple Explanation
The New York Stock Exchange wants to keep some temporary rules forever for how it handles certain stock market activities, and the Securities and Exchange Commission is taking extra time until March 1, 2021, to decide if this is a good idea. Right now, no one has said anything for or against these changes.