The Cboe BZX Exchange, Inc. has proposed a rule change, filed with the Securities and Exchange Commission (SEC), to amend Rule 2.8, which concerns the voluntary termination of rights as an Exchange member. Members who wish to terminate their membership must notify the Exchange by the set deadline, following the specified procedure. The SEC invites public comments on whether this rule change aligns with the Securities Exchange Act of 1934. Comments must be submitted by March 31, 2025, using the methods outlined in the notice.
Simple Explanation
The Cboe BZX Exchange wants to let its members know how they can quit being part of the group by following certain steps, and they want people to share their thoughts about this change before the end of March 2025.