The New York Stock Exchange LLC (NYSE) had proposed a rule change to expand how rights could be listed on the exchange. This proposal would have allowed issuers to offer rights to more than just current shareholders and to list these rights before the related security was listed. Although the proposal went through various procedural stages with the Securities and Exchange Commission, including discussions and extensions, it was eventually withdrawn by the NYSE on December 17, 2024.
Simple Explanation
The New York Stock Exchange (NYSE) wanted to make a new rule to allow more ways to list certain types of stocks, but in the end, they decided not to go through with it. The document doesn't explain why they changed their minds, which might be confusing for some people reading it.