Cboe Exchange, Inc. has filed a proposed rule change with the Securities and Exchange Commission (SEC) to make some administrative updates to its rules. The main changes include renaming the S&P 500 ESG Index to the S&P 500 Scored & Screened Index and updating rules to include the S&P 500 Equal Weight Index, which enables trading of certain options. These modifications are intended to clarify the exchange rules without affecting how these options trade. The SEC is inviting public comments on these proposed changes to ensure they are consistent with the law and fair to the market.
Simple Explanation
The Cboe Exchange wants to change some names and rules for certain options, like calling the S&P 500 ESG Index a new name, to make things clearer and make it easy for people to trade, but they don't explain why or how exactly it will help.