1 May 2025
📈SEC Announces Extended Review for Proposed Rule Change on Options
Self-Regulatory Organizations; Miami International Securities Exchange, LLC; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change, as Modified by Partial Amendment No. 1, To Amend Exchange Rule 402, Criteria for Underlying Securities, To List and Trade Options on Commodity-Based Trust Shares
Summary
The SEC has designated a longer review period for Miami International Securities Exchange's proposed amendment to Exchange Rule 402, which allows the listing and trading of options on Commodity-Based Trust Shares. This extended timeline provides the Commission ample opportunity to consider the implications of the rule change.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change allowing options on Commodity-Based Trust Shares could impact business owners and executives by expanding trading opportunities and potential revenue streams in securities trading. Compliance with this rule is mandatory once enacted.