26 Feb 2025
♻️SEC Extends Approval Period for NYSE Arca Carbon Allowance Trust
Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Designation of a Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change, as Modified by Amendment No. 1, To List and Trade Shares of the COtwo Advisors Physical European Carbon Allowance Trust Under NYSE Arca Rule 8.201-E (Commodity-Based Trust Shares)
Summary
The SEC has designated a longer period to decide on NYSE Arca's proposed rule change to list the COtwo Advisors Physical European Carbon Allowance Trust. This notice details the timeline for potential approval or disapproval, allowing for adequate consideration of the proposed changes.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The notice outlines a proposed rule change by NYSE Arca regarding the listing and trading of a new carbon allowance trust, potentially impacting businesses in the carbon trading and financial markets. Delays in approval could affect planning and investment strategies for interested parties.