13 Feb 2025
📈SEC Extends Review Period for BondBloxx Private Credit Trust Rule Change
Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To List and Trade Shares of the BondBloxx Private Credit Trust Under BZX Rule 14.11(f), Trust Issued Receipts
Summary
The SEC announced a longer review period for the proposed rule change by Cboe BZX Exchange to facilitate the listing and trading of the BondBloxx Private Credit Trust. This extension allows the Commission additional time to assess the implications of the proposed investment product on the market.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change related to the BondBloxx Private Credit Trust may introduce a new investment product for institutional and retail investors, impacting investment strategies and compliance for financial entities. The extended review period indicates significant scrutiny, which could affect timing and market responses.