The Securities and Exchange Commission (SEC) is giving itself more time to review a rule change proposed by the Cboe EDGX Exchange, Inc. This rule change aims to amend EDGX Rule 19.3, allowing the exchange to list and trade options on Commodity-Based Trust Shares. The SEC needs additional time to thoroughly consider the proposal, so it has extended the deadline for its decision to June 17, 2025. The final decision may involve approving, disapproving, or further investigating the rule change.
Simple Explanation
The Securities and Exchange Commission (SEC) is taking extra time to think about a change a stock exchange wants to make, which would let people buy and sell special types of trading options related to certain commodities like gold. The SEC wants more time to decide if this change is okay, and they have until June 17, 2025, to make up their mind.