Self-Regulatory Organizations; BOX Exchange LLC; Notice of Withdrawal of a Proposed Rule Change in Connection With the Proposed Commencement of Operations of Boston Security Token Exchange LLC as a Facility of the Exchange, 35473 [2020-12522]
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Federal Register / Vol. 85, No. 112 / Wednesday, June 10, 2020 / Notices
A proposed rule change filed
pursuant to Rule 19b–4(f)(6) under the
Act 33 normally does not become
operative for 30 days after the date of its
filing. However, Rule 19b–4(f)(6)(iii) 34
permits the Commission to designate a
shorter time if such action is consistent
with the protection of investors and the
public interest. The Exchange has asked
the Commission to waive the 30-day
operative delay so that the proposal may
become operative upon filing. The
Exchange states that a waiver of the
operative delay is consistent with the
protection of investors and the public
interest because it would allow for the
immediate trading, pursuant to UTP, of
Tracking Fund Shares on the Exchange
and therefore would provide investors
with an additional trading venue option.
The Commission believes that waiver of
the 30-day operative delay is consistent
with the protection of investors and the
public interest. Therefore, the
Commission hereby waives the
operative delay and designates the
proposed rule change operative upon
filing.35
At any time within 60 days of the
filing of the proposed rule change, the
Commission summarily may
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.
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
jbell on DSKJLSW7X2PROD with NOTICES
• 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–
CboeBYX–2020–017 on the subject line.
give the Commission written notice of its intent to
file the proposed rule change, along with a brief
description and text of the proposed rule change,
at least five business days prior to the date of filing
of the proposed rule change, or such shorter time
as designated by the Commission. The Exchange
has satisfied this requirement.
33 17 CFR 240.19b–4(f)(6).
34 17 CFR 240.19b–4(f)(6)(iii).
35 For purposes only of waiving the 30-day
operative delay, the Commission also has
considered the proposed rule’s impact on
efficiency, competition, and capital formation. See
15 U.S.C. 78c(f).
VerDate Sep<11>2014
17:06 Jun 09, 2020
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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–CboeBYX–2020–017. 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
office 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
comment submissions. You should
submit only information that you wish
to make available publicly. All
submissions should refer to File
Number SR–CboeBYX–2020–017 and
should be submitted on or before July 1,
2020.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.36
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020–12518 Filed 6–9–20; 8:45 am]
BILLING CODE 8011–01–P
36 17
PO 00000
CFR 200.30–3(a)(12).
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35473
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–89017; File No. SR–BOX–
2019–37]
Self-Regulatory Organizations; BOX
Exchange LLC; Notice of Withdrawal of
a Proposed Rule Change in
Connection With the Proposed
Commencement of Operations of
Boston Security Token Exchange LLC
as a Facility of the Exchange
June 4, 2020.
On December 18, 2019, BOX
Exchange LLC (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 in connection with the proposed
commencement of operations of Boston
Security Token Exchange LLC (‘‘BSTX’’)
as a facility of the Exchange. The
proposed rule change was published for
comment in the Federal Register on
January 3, 2020.3
On February 13, 2020, pursuant to
Section 19(b)(2) of the Act,4 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 April 1, 2020, the Commission
instituted proceedings to determine
whether to approve or disapprove the
proposed rule change.6
On May 12, 2020, the Exchange
withdrew the proposed rule change
(SR–BOX–2019–37).
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.7
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020–12522 Filed 6–9–20; 8:45 am]
BILLING CODE 8011–01–P
1 15
U.S.C. 78s(b)(1).
CFR 240.19b–4.
3 See Securities Exchange Act Release No. 87868
(December 30, 2019), 85 FR 345 (January 3, 2020)
(‘‘Notice’’). Comments on the proposed rule change
can be found at: https://www.sec.gov/comments/srbox-2019-37/srbox201937.htm.
4 15 U.S.C. 78s(b)(2).
5 See Securities Exchange Act Release No. 88206
(February 13, 2020), 85 FR 9824 (February 20,
2020). The Commission designated April 2, 2020 as
the date by which the Commission shall approve or
disapprove, or institute proceedings to determine
whether to disapprove, the proposed rule change.
6 See Securities Exchange Act Release No. 88536
(April 1, 2020), 85 FR 19537 (April 7, 2020) (‘‘Order
Instituting Proceedings’’ or ‘‘OIP’’).
7 17 CFR 200.30–3(a)(12).
2 17
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[Federal Register Volume 85, Number 112 (Wednesday, June 10, 2020)]
[Notices]
[Page 35473]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-12522]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-89017; File No. SR-BOX-2019-37]
Self-Regulatory Organizations; BOX Exchange LLC; Notice of
Withdrawal of a Proposed Rule Change in Connection With the Proposed
Commencement of Operations of Boston Security Token Exchange LLC as a
Facility of the Exchange
June 4, 2020.
On December 18, 2019, BOX Exchange LLC (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 in connection
with the proposed commencement of operations of Boston Security Token
Exchange LLC (``BSTX'') as a facility of the Exchange. The proposed
rule change was published for comment in the Federal Register on
January 3, 2020.\3\
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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. 87868 (December 30,
2019), 85 FR 345 (January 3, 2020) (``Notice''). Comments on the
proposed rule change can be found at: https://www.sec.gov/comments/sr-box-2019-37/srbox201937.htm.
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On February 13, 2020, pursuant to Section 19(b)(2) of the Act,\4\
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 April 1, 2020, the Commission instituted proceedings
to determine whether to approve or disapprove the proposed rule
change.\6\
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\4\ 15 U.S.C. 78s(b)(2).
\5\ See Securities Exchange Act Release No. 88206 (February 13,
2020), 85 FR 9824 (February 20, 2020). The Commission designated
April 2, 2020 as the date by which the Commission shall approve or
disapprove, or institute proceedings to determine whether to
disapprove, the proposed rule change.
\6\ See Securities Exchange Act Release No. 88536 (April 1,
2020), 85 FR 19537 (April 7, 2020) (``Order Instituting
Proceedings'' or ``OIP'').
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On May 12, 2020, the Exchange withdrew the proposed rule change
(SR-BOX-2019-37).
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\7\
---------------------------------------------------------------------------
\7\ 17 CFR 200.30-3(a)(12).
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J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020-12522 Filed 6-9-20; 8:45 am]
BILLING CODE 8011-01-P
