The Securities and Exchange Commission (SEC) has received a proposal from the Cboe EDGX Exchange, Inc. to amend Rule 2.8, which deals with members wanting to end their membership in the exchange. Under the new rule, members must notify the exchange before a specific deadline if they intend to terminate their membership. The proposal was filed for immediate effectiveness, and the SEC is seeking public comments on this change until March 31, 2025. All comments should reference file number SR-CboeEDGX-2025-014.
Simple Explanation
The SEC got a request from a group that helps people buy and sell stocks, called Cboe EDGX Exchange, asking for a rule change. They want members to tell them ahead of time if they want to stop being a member, and they want to know what people think about this idea.