Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change, as Modified by Amendment No. 1, To Amend Rules 5.37, 5.38, and 5.73, 46202-46203 [2020-16573]
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46202
Federal Register / Vol. 85, No. 148 / Friday, July 31, 2020 / Notices
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;
the Commission does not edit personal
identifying information from
submissions. You should submit only
information that you wish to make
available publicly.
All submissions should refer to File
Number SR–CBOE–2020–068 and
should be submitted on or before
August 21, 2020.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.16
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020–16571 Filed 7–30–20; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–89399; File No. SR–CBOE–
2020–051]
Self-Regulatory Organizations; Cboe
Exchange, Inc.; Notice of Designation
of a Longer Period for Commission
Action on a Proposed Rule Change, as
Modified by Amendment No. 1, To
Amend Its Automated Price
Improvement Auction Rules in
Connection With Agency Order Size
Requirements
July 27, 2020.
On June 11, 2020, Cboe Exchange, Inc.
(‘‘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 Rules 5.37 and 5.38 to allow the
16 17
CFR 200.30–3(a)(12).
U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
1 15
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Exchange to determine maximum size
requirements for agency orders in SPX
submitted though the Automated
Improvement Mechanism (‘‘AIM’’) and
Complex Automated Improvement
Mechanism (‘‘C–AIM’’) auctions. The
proposed rule change was published for
comment in the Federal Register on
June 18, 2020.3 On July 23, 2020, the
Exchange submitted Amendment No. 1
to the proposed rule change, which
replaced and superseded the proposed
rule change in its entirety.4
Section 19(b)(2) of the Act 5 provides
that within 45 days of the publication of
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 August 2, 2020.
The Commission is extending this 45day time period.
The Commission finds it 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, as
modified by Amendment No. 1, and the
comments received. Accordingly, the
Commission, pursuant to Section
19(b)(2) of the Act,6 designates
September 16, 2020 as the date by
which the Commission shall either
approve or disapprove, or institute
proceedings to determine whether to
disapprove, the proposed rule change,
as modified by Amendment No. 1 (File
No. SR–CBOE–2020–051).
3 See Securities Exchange Act Release No. 89058
(June 12, 2020), 85 FR 36918. Comments on the
proposed rule change can be found at: https://
www.sec.gov/comments/sr-cboe-2020-051/
srcboe2020051.htm.
4 In Amendment No. 1, the Exchange: (1)
Amended its proposal to modify the proposed
maximum size requirement for AIM and C–AIM
agency orders in SPX from 100 contracts to 10
contracts, specify that this size requirement would
apply to all agency orders in SPX, and make related
conforming changes to its proposed rule text; and
(2) provided additional data, justification, and
support for its modified proposal. The full text of
Amendment No. 1 is available on the Commission’s
website at: https://www.sec.gov/comments/sr-cboe2020-051/srcboe2020051-7470738-221292.pdf.
5 15 U.S.C. 78s(b)(2).
6 Id.
PO 00000
Frm 00136
Fmt 4703
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For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.7
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020–16570 Filed 7–30–20; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–89400; File No. SR–CBOE–
2020–052]
Self-Regulatory Organizations; Cboe
Exchange, Inc.; Notice of Designation
of a Longer Period for Commission
Action on a Proposed Rule Change, as
Modified by Amendment No. 1, To
Amend Rules 5.37, 5.38, and 5.73
July 27, 2020.
On June 3, 2020, Cboe Exchange, Inc.
(‘‘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 Rules 5.37, 5.38, and 5.73 to (1)
allow the Exchange to determine to
disseminate the stop price in auction
notification messages for Automated
Improvement Mechanism (‘‘AIM’’),
Complex Automated Improvement
Mechanism (‘‘C–AIM’’), and FLEX AIM
auctions in SPX; and (2) modify the
minimum increment for C–AIM and
FLEX AIM auction responses in
connection with index combo orders in
SPX. The proposed rule change was
published for comment in the Federal
Register on June 18, 2020.3 On July 22,
2020, the Exchange submitted
Amendment No. 1 to the proposed rule
change, which replaced and superseded
the proposed rule change in its
entirety.4
7 17
CFR 200.30–3(a)(31).
U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
3 See Securities Exchange Act Release No. 89063
(June 12, 2020), 85 FR 36923. Comments on the
proposed rule change can be found at: https://
www.sec.gov/comments/sr-cboe-2020-052/
srcboe2020052.htm.
4 In Amendment No. 1, the Exchange: (1)
Amended the proposal to add that, when the
proposed stop price dissemination in auction
notification messages is enabled for AIM, C–AIM,
or FLEX AIM auctions in SPX, it would apply to
all such AIM, C–AIM, or FLEX AIM auctions; (2)
amended the proposal to specify that the proposed
minimum increment modification applies to index
combo orders in SPX, and to correct an internal
cross-reference within the proposed rules; (3)
provided additional detail to the description and
examples of the proposed modification to the
minimum increment for index combo orders in
SPX; and (4) provided additional justification and
support for the proposed rule change. The full text
of Amendment No. 1 is available on the
1 15
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Federal Register / Vol. 85, No. 148 / Friday, July 31, 2020 / Notices
Section 19(b)(2) of the Act 5 provides
that within 45 days of the publication of
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 August 2, 2020.
The Commission is extending this 45day time period.
The Commission finds it 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, as
modified by Amendment No. 1, and the
comments received. Accordingly, the
Commission, pursuant to Section
19(b)(2) of the Act,6 designates
September 16, 2020 as the date by
which the Commission shall either
approve or disapprove, or institute
proceedings to determine whether to
disapprove, the proposed rule change,
as modified by Amendment No. 1 (File
No. SR–CBOE–2020–052).
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.7
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020–16573 Filed 7–30–20; 8:45 am]
BILLING CODE 8011–01–P
staff members who have an interest in
the matters also may be present.
In the event that the time, date, or
location of this meeting changes, an
announcement of the change, along with
the new time, date, and/or place of the
meeting will be posted on the
Commission’s website at https://
www.sec.gov.
The General Counsel of the
Commission, or his designee, has
certified that, in his opinion, one or
more of the exemptions set forth in 5
U.S.C. 552b(c)(3), (5), (6), (7), (8), 9(B)
and (10) and 17 CFR 200.402(a)(3),
(a)(5), (a)(6), (a)(7), (a)(8), (a)(9)(ii) and
(a)(10), permit consideration of the
scheduled matters at the closed meeting.
The subject matter of the closed
meeting will consist of the following
topic:
Institution and settlement of
injunctive actions;
Institution and settlement of
administrative proceedings;
Resolution of litigation claims; and
Other matters relating to enforcement
proceedings.
At times, changes in Commission
priorities require alterations in the
scheduling of meeting agenda items that
may consist of adjudicatory,
examination, litigation, or regulatory
matters.
CONTACT PERSON FOR MORE INFORMATION:
For further information; please contact
Vanessa A. Countryman from the Office
of the Secretary at (202) 551–5400.
Dated: July 29, 2020.
Vanessa A. Countryman,
Secretary.
[FR Doc. 2020–16840 Filed 7–29–20; 4:15 pm]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
SECURITIES AND EXCHANGE
COMMISSION
Sunshine Act Meetings
2:00 p.m. on
Wednesday, August 5, 2020.
PLACE: The meeting will be held via
remote means and/or at the
Commission’s headquarters, 100 F
Street NE, Washington, DC 20549.
STATUS: This meeting will be closed to
the public.
MATTERS TO BE CONSIDERED:
Commissioners, Counsel to the
Commissioners, the Secretary to the
Commission, and recording secretaries
will attend the closed meeting. Certain
TIME AND DATE:
Commission’s website at: https://www.sec.gov/
comments/sr-cboe-2020-052/srcboe20200527464403-221166.pdf.
5 15 U.S.C. 78s(b)(2).
6 Id.
7 17 CFR 200.30–3(a)(31).
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[Release No. 34–89402; File No. SR–
NYSEAMER–2020–52]
Self-Regulatory Organizations; NYSE
American LLC; Notice of Filing and
Order Granting Accelerated Approval
of Proposed Rule Change Adding the
Consolidated Audit Trail Industry
Member Compliance Rules to the List
of Minor Rule Violations in Rule 9217
July 27, 2020.
Pursuant to Section 19(b)(1) 1 of the
Securities Exchange Act of 1934 (the
‘‘Act’’) 2 and Rule 19b–4 thereunder,3
notice is hereby given that, on July 21,
2020, NYSE American LLC (‘‘NYSE
U.S.C. 78s(b)(1).
2 15 U.S.C. 78a.
3 17 CFR 240.19b–4.
Frm 00137
Fmt 4703
American’’ or the ‘‘Exchange’’) filed
with the Securities and Exchange
Commission (the ‘‘Commission’’) the
proposed rule change as described in
Items I and II below, which Items have
been prepared by the self-regulatory
organization. The Commission is
publishing this notice to solicit
comments on the proposed rule change
from interested persons and approving
the proposal on an accelerated basis.
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
The Exchange proposes to add the
Consolidated Audit Trail (‘‘CAT’’)
industry member compliance rules to
the list of minor rule violations in Rule
9217. The proposed rule change is
available on the Exchange’s website at
www.nyse.com, at the principal office of
the Exchange, 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
self-regulatory organization 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 those 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 parts of such
statements.
A. Self-Regulatory Organization’s
Statement of the Purpose of, and the
Statutory Basis for, the Proposed Rule
Change
1. Purpose
The Exchange proposes to add NYSE
American’s CAT industry member
compliance rules (the ‘‘CAT Compliance
Rules’’) to the list of minor rule
violations in Rule 9217. This proposal is
based upon the Financial Industry
Regulatory Authority, Inc. (‘‘FINRA’’)
filing to amend FINRA Rule 9217 in
order to add FINRA’s corresponding
CAT Compliance Rules to FINRA’s list
of rules that are eligible for minor rule
violation plan treatment and the filing
of the Exchange’s affiliate the New York
Stock Exchange LLC (‘‘NYSE’’) to add
NYSE’s corresponding CAT Compliance
Rules to the list of minor rule violations
in NYSE Rule 9217.4
4 See Securities Exchange Act Release No. 88870
(May 14, 2020), 85 FR 30768 (May 20, 2020) (SR–
FINRA–2020–013); Securities Exchange Act Release
1 15
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Continued
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]]>Agencies
[Federal Register Volume 85, Number 148 (Friday, July 31, 2020)]
[Notices]
[Pages 46202-46203]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-16573]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-89400; File No. SR-CBOE-2020-052]
Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of
Designation of a Longer Period for Commission Action on a Proposed Rule
Change, as Modified by Amendment No. 1, To Amend Rules 5.37, 5.38, and
5.73
July 27, 2020.
On June 3, 2020, Cboe Exchange, Inc. (``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 Rules
5.37, 5.38, and 5.73 to (1) allow the Exchange to determine to
disseminate the stop price in auction notification messages for
Automated Improvement Mechanism (``AIM''), Complex Automated
Improvement Mechanism (``C-AIM''), and FLEX AIM auctions in SPX; and
(2) modify the minimum increment for C-AIM and FLEX AIM auction
responses in connection with index combo orders in SPX. The proposed
rule change was published for comment in the Federal Register on June
18, 2020.\3\ On July 22, 2020, the Exchange submitted Amendment No. 1
to the proposed rule change, which replaced and superseded the proposed
rule change in its entirety.\4\
---------------------------------------------------------------------------
\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
\3\ See Securities Exchange Act Release No. 89063 (June 12,
2020), 85 FR 36923. Comments on the proposed rule change can be
found at: https://www.sec.gov/comments/sr-cboe-2020-052/srcboe2020052.htm.
\4\ In Amendment No. 1, the Exchange: (1) Amended the proposal
to add that, when the proposed stop price dissemination in auction
notification messages is enabled for AIM, C-AIM, or FLEX AIM
auctions in SPX, it would apply to all such AIM, C-AIM, or FLEX AIM
auctions; (2) amended the proposal to specify that the proposed
minimum increment modification applies to index combo orders in SPX,
and to correct an internal cross-reference within the proposed
rules; (3) provided additional detail to the description and
examples of the proposed modification to the minimum increment for
index combo orders in SPX; and (4) provided additional justification
and support for the proposed rule change. The full text of Amendment
No. 1 is available on the Commission's website at: https://www.sec.gov/comments/sr-cboe-2020-052/srcboe2020052-7464403-221166.pdf.
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[[Page 46203]]
Section 19(b)(2) of the Act \5\ provides that within 45 days of the
publication of 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 August 2, 2020. The Commission is extending this 45-day time period.
---------------------------------------------------------------------------
\5\ 15 U.S.C. 78s(b)(2).
---------------------------------------------------------------------------
The Commission finds it 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, as modified by
Amendment No. 1, and the comments received. Accordingly, the
Commission, pursuant to Section 19(b)(2) of the Act,\6\ designates
September 16, 2020 as the date by which the Commission shall either
approve or disapprove, or institute proceedings to determine whether to
disapprove, the proposed rule change, as modified by Amendment No. 1
(File No. SR-CBOE-2020-052).
---------------------------------------------------------------------------
\6\ Id.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\7\
---------------------------------------------------------------------------
\7\ 17 CFR 200.30-3(a)(31).
---------------------------------------------------------------------------
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020-16573 Filed 7-30-20; 8:45 am]
BILLING CODE 8011-01-P
