Type:Notice
Citation:90 FR 12587
Reading Time:about a minute or two
Nasdaq ISE, LLC, submitted a proposal to the Securities and Exchange Commission (SEC) to amend its rules for listing options on commodity-based trust units. The SEC is extending the initial 45-day review period to May 27, 2025, in order to have more time to evaluate the proposal. This means the SEC will decide by that date whether to approve or reject the rule change, or start a process to determine if they should reject it.
Simple Explanation
The government group that keeps an eye on money rules is taking more time to think about new rules for special kinds of money trades. They want to make sure the rules are just right before saying yes or no, and they'll decide by the end of May.