NEW YORK (Reuters) - Accused Wall Street swindler
Bernard Madoff has agreed to a proposed partial judgment in a civil case brought by the U.S. Securities and Exchange Commission without admitting or denying fraud charges, the regulator said on Monday.
Madoff agrees to partial civil judgment in SEC case | Reuters
In other words the SEC, embarrassed by having let Bernie get away with a $50 billion swindle, has cut him a deal so sweet he will go along with it just so the story goes away.
Now, neither Bernie nor his attorneys would agree to a settlement without knowing what that settlement will be, so this bit about "to be decided at a later time" means that the SEC does not want YOU to know the sweet deal Bernie got.