Self-Regulatory Organizations; Cboe BYX Exchange, Inc.; Notice of Designation of Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change To Amend the Fee Schedule Assessed on Members To Establish a Monthly Trading Rights Fee, 63698 [2019-24866]
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Federal Register / Vol. 84, No. 222 / Monday, November 18, 2019 / Notices
temporarily suspend such rule change if
it appears to the Commission that such
action is necessary or appropriate in the
public interest, for the protection of
investors, or otherwise in furtherance of
the purposes of the Act. If the
Commission takes such action, the
Commission shall institute proceedings
to determine whether the proposed rule
change should be approved or
disapproved.
IV. Solicitation of Comments
Interested persons are invited to
submit written data, views, and
arguments concerning the foregoing,
including whether the proposed rule
change is consistent with the Act.
Comments may be submitted by any of
the following methods:
Electronic Comments
• Use the Commission’s internet
comment form (https://www.sec.gov/
rules/sro.shtml); or
• Send an email to rule-comments@
sec.gov. Please include File Number SR–
CBOE–2019–103 on the subject line.
Paper Comments
• Send paper comments in triplicate
to Secretary, Securities and Exchange
Commission, 100 F Street NE,
Washington, DC 20549–1090.
All submissions should refer to File
Number SR–CBOE–2019–103. This file
number should be included on the
subject line if email is used. To help the
Commission process and review your
comments more efficiently, please use
only one method. The Commission will
post all comments on the Commission’s
internet website (https://www.sec.gov/
rules/sro.shtml). Copies of the
submission, all subsequent
amendments, all written statements
with respect to the proposed rule
change that are filed with the
Commission, and all written
communications relating to the
proposed rule change between the
Commission and any person, other than
those that may be withheld from the
public in accordance with the
provisions of 5 U.S.C. 552, will be
available for website viewing and
printing in the Commission’s Public
Reference Room, 100 F Street NE,
Washington, DC 20549 on official
business days between the hours of
10:00 a.m. and 3:00 p.m. Copies of the
filing also will be available for
inspection and copying at the principal
offices of the Exchange. All comments
received will be posted without change.
Persons submitting comments are
cautioned that we do not redact or edit
personal identifying information from
VerDate Sep<11>2014
17:41 Nov 15, 2019
Jkt 250001
comment submissions. You should
submit only information that you wish
to make available publicly. All
submissions should refer to File
Number SR–CBOE–2019–103, and
should be submitted on or before
December 9, 2019.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.13
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2019–24863 Filed 11–15–19; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–87499; File No. SR–
CboeBYX–2019–009]
Self-Regulatory Organizations; Cboe
BYX Exchange, Inc.; Notice of
Designation of Longer Period for
Commission Action on Proceedings To
Determine Whether To Approve or
Disapprove a Proposed Rule Change
To Amend the Fee Schedule Assessed
on Members To Establish a Monthly
Trading Rights Fee
November 12, 2019.
On May 2, 2019, Cboe BYX Exchange,
Inc. (‘‘BYX’’ or the ‘‘Exchange’’) filed
with the Securities and Exchange
Commission (‘‘Commission’’), pursuant
to Section 19(b)(1) of the Securities
Exchange Act of 1934 (‘‘Act’’),1 and
Rule 19b–4 thereunder,2 a proposed rule
change to amend the BYX fee schedule
to establish a monthly Trading Rights
Fee to be assessed on Members. The
proposed rule change was immediately
effective upon filing with the
Commission pursuant to Section
19(b)(3)(A) of the Act.3 The proposed
rule change was published for comment
in the Federal Register on May 16,
2019.4 On June 28, 2019, the
Commission temporarily suspended the
proposed rule change and instituted
proceedings to determine whether to
approve or disapprove the proposed
rule change.5 In response to the OIP, the
Commission received three comment
letters, including a response letter from
the Exchange.6
13 17
CFR 200.30–3(a)(12), (59).
U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
3 15 U.S.C. 78s(b)(3)(A).
4 See Securities Exchange Act Release No. 85841
(May 10, 2019), 84 FR 22199 (‘‘Notice’’).
5 See Securities Exchange Act Release No. 86232,
84 FR 32227 (July 05, 2019) (‘‘OIP’’).
6 See Letters from Theodore R. Lazo, Managing
Director and Associate General Counsel, SIFMA,
1 15
PO 00000
Frm 00094
Fmt 4703
Sfmt 4703
Section 19(b)(2) of the Act 7 provides
that, after initiating proceedings, the
Commission shall issue an order
approving or disapproving the proposed
rule change not later than 180 days after
the date of publication of notice of filing
of the proposed rule change. The
Commission may extend the period for
issuing an order approving or
disapproving the proposed rule change,
however, by not more than 60 days if
the Commission determines that a
longer period is appropriate and
publishes the reasons for such
determination. The proposed rule
change was published for notice and
comment in the Federal Register on
May 16, 2019.8 November 12, 2019 is
180 days from that date, and January 11,
2020 is 240 days from that date.
The Commission finds it appropriate
to designate a longer period within
which to issue an order approving or
disapproving the proposed rule change
so that it has sufficient time to consider
the proposed rule change, the issues
raised in the comment letters that have
been submitted in connection therewith,
and the Exchange’s response to
comments.9 Accordingly, the
Commission, pursuant to Section
19(b)(2) of the Act,10 designates January
11, 2020 as the date by which the
Commission should either approve or
disapprove the proposed rule change
(File No. SR–CboeBYX–2019–009).
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.11
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2019–24866 Filed 11–15–19; 8:45 am]
BILLING CODE 8011–01–P
dated July 26, 2019 (‘‘SIFMA Letter’’); Tyler
Gellasch, Executive Director, Healthy Markets,
dated July 26, 2019 (‘‘Healthy Markets Letter’’); and
Rebecca Tenuta, Counsel, Cboe Global Markets,
dated August 9, 2019 (‘‘Exchange Response’’).
7 15 U.S.C. 78s(b)(2).
8 See Notice, supra note 4.
9 The Commission notes that the Exchange
subsequently filed a proposed rule change to
institute an identical trading rights fee which
contained additional information and analysis with
regard to the proposed fee. See Securities Exchange
Act Release No. 86685 (August 15, 2019), 84 FR
43627 (August 21, 2019) (SR–CboeBYX–2019–013).
The Commission suspended and instituted
proceedings for that filing to allow for additional
analysis of the proposed rule change. See Securities
Exchange Act Release No. 87140 (September 27,
2019), 84 FR 52917 (October 03, 2019) (SR–
CboeBYX–2019–013).
10 15 U.S.C. 78s(b)(2).
11 17 CFR 200.30–3(a)(57).
E:\FR\FM\18NON1.SGM
18NON1
]]>Agencies
[Federal Register Volume 84, Number 222 (Monday, November 18, 2019)]
[Notices]
[Page 63698]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-24866]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-87499; File No. SR-CboeBYX-2019-009]
Self-Regulatory Organizations; Cboe BYX Exchange, Inc.; Notice of
Designation of Longer Period for Commission Action on Proceedings To
Determine Whether To Approve or Disapprove a Proposed Rule Change To
Amend the Fee Schedule Assessed on Members To Establish a Monthly
Trading Rights Fee
November 12, 2019.
On May 2, 2019, Cboe BYX Exchange, Inc. (``BYX'' or the
``Exchange'') filed with the Securities and Exchange Commission
(``Commission''), pursuant to Section 19(b)(1) of the Securities
Exchange Act of 1934 (``Act''),\1\ and Rule 19b-4 thereunder,\2\ a
proposed rule change to amend the BYX fee schedule to establish a
monthly Trading Rights Fee to be assessed on Members. The proposed rule
change was immediately effective upon filing with the Commission
pursuant to Section 19(b)(3)(A) of the Act.\3\ The proposed rule change
was published for comment in the Federal Register on May 16, 2019.\4\
On June 28, 2019, the Commission temporarily suspended the proposed
rule change and instituted proceedings to determine whether to approve
or disapprove the proposed rule change.\5\ In response to the OIP, the
Commission received three comment letters, including a response letter
from the Exchange.\6\
---------------------------------------------------------------------------
\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
\3\ 15 U.S.C. 78s(b)(3)(A).
\4\ See Securities Exchange Act Release No. 85841 (May 10,
2019), 84 FR 22199 (``Notice'').
\5\ See Securities Exchange Act Release No. 86232, 84 FR 32227
(July 05, 2019) (``OIP'').
\6\ See Letters from Theodore R. Lazo, Managing Director and
Associate General Counsel, SIFMA, dated July 26, 2019 (``SIFMA
Letter''); Tyler Gellasch, Executive Director, Healthy Markets,
dated July 26, 2019 (``Healthy Markets Letter''); and Rebecca
Tenuta, Counsel, Cboe Global Markets, dated August 9, 2019
(``Exchange Response'').
---------------------------------------------------------------------------
Section 19(b)(2) of the Act \7\ provides that, after initiating
proceedings, the Commission shall issue an order approving or
disapproving the proposed rule change not later than 180 days after the
date of publication of notice of filing of the proposed rule change.
The Commission may extend the period for issuing an order approving or
disapproving the proposed rule change, however, by not more than 60
days if the Commission determines that a longer period is appropriate
and publishes the reasons for such determination. The proposed rule
change was published for notice and comment in the Federal Register on
May 16, 2019.\8\ November 12, 2019 is 180 days from that date, and
January 11, 2020 is 240 days from that date.
---------------------------------------------------------------------------
\7\ 15 U.S.C. 78s(b)(2).
\8\ See Notice, supra note 4.
---------------------------------------------------------------------------
The Commission finds it appropriate to designate a longer period
within which to issue an order approving or disapproving the proposed
rule change so that it has sufficient time to consider the proposed
rule change, the issues raised in the comment letters that have been
submitted in connection therewith, and the Exchange's response to
comments.\9\ Accordingly, the Commission, pursuant to Section 19(b)(2)
of the Act,\10\ designates January 11, 2020 as the date by which the
Commission should either approve or disapprove the proposed rule change
(File No. SR-CboeBYX-2019-009).
---------------------------------------------------------------------------
\9\ The Commission notes that the Exchange subsequently filed a
proposed rule change to institute an identical trading rights fee
which contained additional information and analysis with regard to
the proposed fee. See Securities Exchange Act Release No. 86685
(August 15, 2019), 84 FR 43627 (August 21, 2019) (SR-CboeBYX-2019-
013). The Commission suspended and instituted proceedings for that
filing to allow for additional analysis of the proposed rule change.
See Securities Exchange Act Release No. 87140 (September 27, 2019),
84 FR 52917 (October 03, 2019) (SR-CboeBYX-2019-013).
\10\ 15 U.S.C. 78s(b)(2).
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\11\
---------------------------------------------------------------------------
\11\ 17 CFR 200.30-3(a)(57).
---------------------------------------------------------------------------
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2019-24866 Filed 11-15-19; 8:45 am]
BILLING CODE 8011-01-P
