Type:Notice
Citation:86 FR 354
Reading Time:about a minute or two
NYSE Arca, Inc. filed a proposed rule change with the Securities and Exchange Commission (SEC) to amend a rule regarding the listing and trading of Options-Linked Securities. This proposal went through a period of consideration, including a time extension by the Commission to decide on approval or disapproval. However, no public comments were received. Ultimately, on December 29, 2020, NYSE Arca decided to withdraw the proposed rule change.
Simple Explanation
NYSE Arca wanted to change a rule about trading certain kinds of financial products called Options-Linked Securities, but after thinking about it for a while, they decided to cancel their idea.