The Cboe BZX Exchange, Inc. had proposed a rule change to allow the listing and trading of Options-Linked Securities. This proposal was initially filed with the Securities and Exchange Commission (SEC) in May 2020 and published for public comment in June 2020. The SEC extended the period for decision-making on several occasions throughout 2020, but ultimately, the Exchange decided to withdraw the proposed rule change in December 2020. The Commission did not receive any comment letters regarding this proposal.
Simple Explanation
The Cboe BZX Exchange wanted to create a new rule to buy and sell special kinds of stocks called Options-Linked Securities, but after thinking about it and asking for people's thoughts, they decided not to make this rule. Nobody sent them any comments or letters about it, and they didn't say why they changed their mind.