Self-Regulatory Organizations; Cboe EDGX Exchange, Inc.; Notice of Withdrawal of Proposed Rule Change To Amend the Cboe EDGX Exchange, Inc. Fee Schedule To Modify the Options Regulatory Fee, 63700 [2019-24870]

Download as PDF 63700 Federal Register / Vol. 84, No. 222 / Monday, November 18, 2019 / Notices the Commission designated a longer period within which to approve the proposed rule change, disapprove the proposed rule change, or institute proceedings to determine whether to approve or disapprove the proposed rule change.5 On May 7, 2019, NYSE Arca filed Amendment No. 1 to the proposed rule change, which replaced and superseded the proposed rule change as originally filed, and on May 14, 2019, the Commission published the proposed rule change, as modified by Amendment No. 1, for notice and comment and instituted proceedings under Section 19(b)(2)(B) of the Exchange Act 6 to determine whether to approve or disapprove the proposed rule change, as modified by Amendment No. 1.7 On August 12, 2019, the Commission extended the period for consideration of the proposed rule change, as modified by Amendment No. 1, to October 13, 2019.8 On October 9, 2019, the Division of Trading and Markets, pursuant to delegated authority,9 issued an order disapproving the proposed rule change, as modified by Amendment No. 1.10 On October 15, 2019, the Secretary of the Commission notified NYSE Arca that, pursuant to Commission Rule of Practice 431,11 the Commission would review the Division’s action pursuant to delegated authority and that the Division’s action pursuant to delegated authority had been automatically stayed.12 Accordingly, it is ordered, pursuant to Commission Rule of Practice 431, that by December 18, 2019, any party or other person may file a statement in support of, or in opposition to, the action made pursuant to delegated authority. It is further ordered that the order disapproving proposed rule change SR– NYSEArca–2019–01 shall remain in effect pending the Commission’s review. By the Commission. Jill M. Peterson, Assistant Secretary. [Release No. 34–87508; File No. SR– CboeEDGX–2019–051] [Release No. 34–87500; File No. SR– CboeBZX–2019–041] Self-Regulatory Organizations; Cboe EDGX Exchange, Inc.; Notice of Withdrawal of Proposed Rule Change To Amend the Cboe EDGX Exchange, Inc. Fee Schedule To Modify the Options Regulatory Fee Self-Regulatory Organizations; Cboe BZX 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 August 1, 2019, Cboe EDGX Exchange, Inc. (‘‘EDGX’’ or ‘‘Exchange’’) filed with the Securities and Exchange Commission (the ‘‘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 (File No. SR– CboeEDGX–2019–051) to modify the amount of its Options Regulatory Fee (‘‘ORF’’).3 The proposed rule change was immediately effective upon filing with the Commission pursuant to Section 19(b)(3)(A) of the Act.4 The proposed rule change was published for comment in the Federal Register on August 14, 2019.5 The Commission received one comment letter on the proposal.6 On September 30, 2019, pursuant to Section 19(b)(3)(C) of the Act, the Commission temporarily suspended the proposed rule change and instituted proceedings under Section 19(b)(2)(B) of the Act to determine whether to approve or disapprove the proposed rule change.7 On November 7, 2019, the Exchange withdrew the proposed rule change (SR–CboeEDGX–2019–051). For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.8 Jill M. Peterson, Assistant Secretary. [FR Doc. 2019–24870 Filed 11–15–19; 8:45 am] 1 15 5 See Securities Exchange Act Release No. 85461 (Mar. 29, 2019), 84 FR 13339 (Apr. 4, 2019). 6 15 U.S.C. 78s(b)(2)(B). 7 See Securities Exchange Act Release No. 85854 (May 14, 2019), 84 FR 23125 (May 21, 2019). 8 See Securities Exchange Act Release No. 86629 (Aug. 12, 2019), 84 FR 42036 (Aug. 16, 2019). 9 17 CFR 200.30–3(a)(12). 10 See Securities Exchange Act Release No. 87267 (Oct. 9, 2019), 84 FR 55382 (Oct. 16, 2019). 11 See 17 CFR 201.431. 12 See Letter from Secretary of the Commission to Michael Cavalier, Counsel, and David De Gregorio Senior Counsel, Intercontinental Exchange/NYSE (Oct. 15, 2019), available at https://www.sec.gov/ rules/sro/nysearca/2019/34-87267-letter.pdf. Jkt 250001 U.S.C. 78s(b)(1). CFR 240.19b–4. 3 See Securities Exchange Act Release No. 86611 (August 8, 2019), 84 FR 40447 (August 14, 2019) (‘‘Notice’’). 4 15 U.S.C. 78s(b)(3)(A). A proposed rule change may take effect upon filing with the Commission if it is designated by the exchange as ‘‘establishing or changing a due, fee, or other charge imposed by the self-regulatory organization on any person, whether or not the person is a member of the self-regulatory organization.’’ 15 U.S.C. 78s(b)(3)(A)(ii). 5 See Notice, supra note 3. 6 See Letter to Vanessa Countryman, Secretary, Commission, from Ellen Greene, Managing Director, Securities Industry and Financial Markets Association (‘‘SIFMA’’), dated August 27, 2019 (‘‘SIFMA Letter’’). 7 See Securities Exchange Act Release No. 87172, 84 FR 53192 (October 4, 2019). 8 17 CFR 200.30–3(a)(12). 2 17 BILLING CODE 8011–01–P 17:41 Nov 15, 2019 SECURITIES AND EXCHANGE COMMISSION BILLING CODE 8011–01–P [FR Doc. 2019–24874 Filed 11–15–19; 8:45 am] VerDate Sep<11>2014 SECURITIES AND EXCHANGE COMMISSION PO 00000 Frm 00096 Fmt 4703 Sfmt 4703 November 12, 2019. On May 2, 2019, Cboe BZX Exchange, Inc. (‘‘BZX’’ 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 BZX 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 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 1 15 U.S.C. 78s(b)(1). CFR 240.19b–4. 3 15 U.S.C. 78s(b)(3)(A). 4 See Securities Exchange Act Release No. 85840 (May 10, 2019), 84 FR 22190 (‘‘Notice’’). 5 See Securities Exchange Act Release No. 86233, 84 FR 32230 (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’’). 7 15 U.S.C. 78s(b)(2). 2 17 E:\FR\FM\18NON1.SGM 18NON1

Agencies

[Federal Register Volume 84, Number 222 (Monday, November 18, 2019)]
[Notices]
[Page 63700]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-24870]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-87508; File No. SR-CboeEDGX-2019-051]


Self-Regulatory Organizations; Cboe EDGX Exchange, Inc.; Notice 
of Withdrawal of Proposed Rule Change To Amend the Cboe EDGX Exchange, 
Inc. Fee Schedule To Modify the Options Regulatory Fee

November 12, 2019.
    On August 1, 2019, Cboe EDGX Exchange, Inc. (``EDGX'' or 
``Exchange'') filed with the Securities and Exchange Commission (the 
``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 (File No. SR-CboeEDGX-2019-051) to modify the 
amount of its Options Regulatory Fee (``ORF'').\3\ The proposed rule 
change was immediately effective upon filing with the Commission 
pursuant to Section 19(b)(3)(A) of the Act.\4\ The proposed rule change 
was published for comment in the Federal Register on August 14, 
2019.\5\ The Commission received one comment letter on the proposal.\6\ 
On September 30, 2019, pursuant to Section 19(b)(3)(C) of the Act, the 
Commission temporarily suspended the proposed rule change and 
instituted proceedings under Section 19(b)(2)(B) of the Act to 
determine whether to approve or disapprove the proposed rule change.\7\ 
On November 7, 2019, the Exchange withdrew the proposed rule change 
(SR-CboeEDGX-2019-051).
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ See Securities Exchange Act Release No. 86611 (August 8, 
2019), 84 FR 40447 (August 14, 2019) (``Notice'').
    \4\ 15 U.S.C. 78s(b)(3)(A). A proposed rule change may take 
effect upon filing with the Commission if it is designated by the 
exchange as ``establishing or changing a due, fee, or other charge 
imposed by the self-regulatory organization on any person, whether 
or not the person is a member of the self-regulatory organization.'' 
15 U.S.C. 78s(b)(3)(A)(ii).
    \5\ See Notice, supra note 3.
    \6\ See Letter to Vanessa Countryman, Secretary, Commission, 
from Ellen Greene, Managing Director, Securities Industry and 
Financial Markets Association (``SIFMA''), dated August 27, 2019 
(``SIFMA Letter'').
    \7\ See Securities Exchange Act Release No. 87172, 84 FR 53192 
(October 4, 2019).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\8\
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    \8\ 17 CFR 200.30-3(a)(12).
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Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2019-24870 Filed 11-15-19; 8:45 am]
BILLING CODE 8011-01-P
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