WASHINGTON – The US Securities and Exchange Commission (SEC) decided to extend its review period for the Cboe BZX Exchange filing on Fidelity Fund shares, postponing its verdict until March 5, 2024. This decision was made because the agency requires additional time for a more complete evaluation under Section 19(b)(2) of the Securities Exchange Act of 1934. The initial deadline for the decision was originally scheduled for Jan. 20, but now it has been delayed.
The extension of the review period by the SEC comes during a challenging phase for the cryptocurrency market. The regulator has not yet reached a conclusion on the proposal, with the initial deadline having passed without approval or disapproval.
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