Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Designation of Longer Period for Commission Action on a Proposed Rule Change To Amend Rule 4121(b), 14513 [2020-05026]
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Federal Register / Vol. 85, No. 49 / Thursday, March 12, 2020 / Notices
PREVIOUSLY ANNOUNCED TIME AND DATE OF
THE MEETING: Wednesday, March 11,
2020 at 9:00 a.m.
The Open
Meeting scheduled for Wednesday,
March 11, 2020 at 9:00 a.m., has been
cancelled.
CHANGES IN THE MEETING:
CONTACT PERSON FOR MORE INFORMATION:
For further information; please contact
Vanessa A. Countryman from the Office
of the Secretary at (202) 551–5400.
Dated: March 10, 2020.
Vanessa A. Countryman,
Secretary.
[FR Doc. 2020–05163 Filed 3–10–20; 4:15 pm]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–88342; File No. SR–
NASDAQ–2020–003]
Self-Regulatory Organizations; The
Nasdaq Stock Market LLC; Notice of
Designation of Longer Period for
Commission Action on a Proposed
Rule Change To Amend Rule 4121(b)
khammond on DSKJM1Z7X2PROD with NOTICES
March 6, 2020.
On January 14, 2020, The Nasdaq
Stock Market LLC (‘‘Nasdaq’’ or
‘‘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 Rule 4121(b) concerning the
resumption of trading following a Level
3 trading halt due to extraordinary
market volatility. The proposed rule
change was published for comment in
the Federal Register on January 23,
2020.3 The Commission received no
comment letters on the proposed rule
change.
Section 19(b)(2) of the Act 4 provides
that, within 45 days of the publication
of the notice of the filing of a proposed
rule change, or within such longer
period up to 90 days as the Commission
may designate if it finds such longer
period to be appropriate and publishes
its reasons for so finding or as to which
the self-regulatory organization
consents, the Commission shall either
approve the proposed rule change,
disapprove the proposed rule change, or
institute proceedings to determine
whether the proposed rule change
should be disapproved. The 45th day
15 U.S.C. 78s(b)(1).
17 CFR 240.19b–4.
3 See Securities Exchange Act Release No. 88004
(January 17, 2020), 85 FR 3992 (‘‘Notice’’).
4 15 U.S.C. 78s(b)(2).
after publication of the notice for this
proposed rule change is March 8, 2020.
The Commission is extending the 45day time period for Commission action
on the proposed rule change. The
Commission finds that it is appropriate
to designate a longer period within
which to take action on the proposed
rule change so that it has sufficient time
to consider the proposed rule change,
including whether the proposed rule
change should be approved in the event
the other national securities exchanges
and FINRA do not intend to harmonize
their market-wide circuit breaker rules
to facilitate appropriately a cross-market
resumption of trading following a Level
3 halt that is no different from a normal
trading day. Accordingly, pursuant to
Section 19(b)(2) of the Act,5 the
Commission designates April 22, 2020
as the date by which the Commission
shall either approve, disapprove, or
institute proceedings to determine
whether to disapprove, the proposed
rule change (File No. SR–NASDAQ–
2020–003).
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.6
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020–05026 Filed 3–11–20; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–88341; File No. SR–CBOE–
2020–006]
Self-Regulatory Organizations; Cboe
Exchange, Inc.; Notice of Filing and
Immediate Effectiveness of a Proposed
Rule Change Relating To Make Certain
Non-Substantive Changes To Clean Up
Its Fees Schedule
March 6, 2020.
Pursuant to Section 19(b)(1) of the
Securities Exchange Act of 1934 (the
‘‘Act’’),1 and Rule 19b–4 thereunder,2
notice is hereby given that on February
26, 2020, Cboe Exchange, Inc. (the
‘‘Exchange’’ or ‘‘Cboe Options’’) filed
with the Securities and Exchange
Commission (the ‘‘Commission’’) the
proposed rule change as described in
Items I, II, and III below, which Items
have been prepared by the Exchange.
The Exchange filed the proposal as a
‘‘non-controversial’’ proposed rule
change pursuant to Section
1
2
VerDate Sep<11>2014
16:31 Mar 11, 2020
Jkt 250001
15 U.S.C. 78s(b)(2)(A)(ii)(I).
17 CFR 200.30–3(a)(31).
1 15 U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
5
19(b)(3)(A)(iii) of the Act 3 and Rule
19b–4(f)(6) thereunder.4 The
Commission is publishing this notice to
solicit comments on the proposed rule
change from interested persons.
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
Cboe Exchange, Inc. (the ‘‘Exchange’’
or ‘‘Cboe Options’’) proposes to make
certain non-substantive changes to clean
up its Fees Schedule. The text of the
proposed rule change is provided in
Exhibit 5.
The text of the proposed rule change
is also available on the Exchange’s
website (https://www.cboe.com/
AboutCBOE/CBOELegalRegulatory
Home.aspx), at the Exchange’s Office of
the Secretary, and at the Commission’s
Public Reference Room.
II. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
In its filing with the Commission, the
Exchange included statements
concerning the purpose of and basis for
the proposed rule change and discussed
any comments it received on the
proposed rule change. The text of these
statements may be examined at the
places specified in Item IV below. The
Exchange has prepared summaries, set
forth in sections A, B, and C below, of
the most significant aspects of such
statements.
A. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
1. Purpose
The Exchanges proposes to make
certain nonsubstantive change to its
Fees Schedule in connection with RLG,
RLV, RUI and UKXM related fees, in
connection with the Livevol Fees table,
and in connection with rule references
to Cboe Options Rules.
RLG, RLV, RUI and UKXM
Currently, RLG, RLV, RUI and UKXM
sit in line items in the Fees Schedule
along with other products (e.g., VIX,
OEX, XEO, and/or RUT) which have
corresponding fee rates that are different
than that of RLG, RLV, RUI and UKXM.
Footnote 40 is appended to RLG, RLV,
RUI and UKXM within these line items
and states only that it is $0.00 for
transactions in RLG, RLV, RUI and
UKXM. The Exchange believes that
footnote 40 is no longer necessary and
6
PO 00000
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14513
3 15
4 17
U.S.C. 78s(b)(3)(A)(iii).
CFR 240.19b–4(f)(6).
E:\FR\FM\12MRN1.SGM
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]]>Agencies
[Federal Register Volume 85, Number 49 (Thursday, March 12, 2020)]
[Notices]
[Page 14513]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-05026]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-88342; File No. SR-NASDAQ-2020-003]
Self-Regulatory Organizations; The Nasdaq Stock Market LLC;
Notice of Designation of Longer Period for Commission Action on a
Proposed Rule Change To Amend Rule 4121(b)
March 6, 2020.
On January 14, 2020, The Nasdaq Stock Market LLC (``Nasdaq'' or
``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 Rule 4121(b) concerning the resumption of
trading following a Level 3 trading halt due to extraordinary market
volatility. The proposed rule change was published for comment in the
Federal Register on January 23, 2020.\3\ The Commission received no
comment letters on the proposed rule change.
---------------------------------------------------------------------------
\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
\3\ See Securities Exchange Act Release No. 88004 (January 17,
2020), 85 FR 3992 (``Notice'').
---------------------------------------------------------------------------
Section 19(b)(2) of the Act \4\ provides that, within 45 days of
the publication of the notice of the filing of a proposed rule change,
or within such longer period up to 90 days as the Commission may
designate if it finds such longer period to be appropriate and
publishes its reasons for so finding or as to which the self-regulatory
organization consents, the Commission shall either approve the proposed
rule change, disapprove the proposed rule change, or institute
proceedings to determine whether the proposed rule change should be
disapproved. The 45th day after publication of the notice for this
proposed rule change is March 8, 2020.
---------------------------------------------------------------------------
\4\ 15 U.S.C. 78s(b)(2).
---------------------------------------------------------------------------
The Commission is extending the 45-day time period for Commission
action on the proposed rule change. The Commission finds that it is
appropriate to designate a longer period within which to take action on
the proposed rule change so that it has sufficient time to consider the
proposed rule change, including whether the proposed rule change should
be approved in the event the other national securities exchanges and
FINRA do not intend to harmonize their market-wide circuit breaker
rules to facilitate appropriately a cross-market resumption of trading
following a Level 3 halt that is no different from a normal trading
day. Accordingly, pursuant to Section 19(b)(2) of the Act,\5\ the
Commission designates April 22, 2020 as the date by which the
Commission shall either approve, disapprove, or institute proceedings
to determine whether to disapprove, the proposed rule change (File No.
SR-NASDAQ-2020-003).
---------------------------------------------------------------------------
\5\ 15 U.S.C. 78s(b)(2)(A)(ii)(I).
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\6\
---------------------------------------------------------------------------
\6\ 17 CFR 200.30-3(a)(31).
---------------------------------------------------------------------------
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020-05026 Filed 3-11-20; 8:45 am]
BILLING CODE 8011-01-P
