Self-Regulatory Organizations; Cboe BYX Exchange, Inc.; Cboe BZX Exchange, Inc.; Cboe EDGA Exchange, Inc.; Cboe EDGX Exchange, Inc.; Order Granting Approval of Proposed Rule Changes To Revise Each Exchange's Process for Re-Opening Trading of NYSE-Listed Securities Outside of Regular Trading Hours, 158-159 [2020-29021]
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158
Federal Register / Vol. 86, No. 1 / Monday, January 4, 2021 / Notices
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–90804; File Nos. SR–
CboeBYX–2020–032, SR–CboeBZX–2020–
083, SRCboeEDGA–2020–029, SR–
CboeEDGX–2020–055]
Self-Regulatory Organizations; Cboe
BYX Exchange, Inc.; Cboe BZX
Exchange, Inc.; Cboe EDGA Exchange,
Inc.; Cboe EDGX Exchange, Inc.; Order
Granting Approval of Proposed Rule
Changes To Revise Each Exchange’s
Process for Re-Opening Trading of
NYSE-Listed Securities Outside of
Regular Trading Hours
December 28, 2020.
I. Introduction
On November 5, 2020, Cboe BYX
Exchange, Inc. (‘‘CboeBYX’’), Cboe BZX
Exchange, Inc. (‘‘CboeBZX’’), Cboe
EDGA Exchange, Inc. (‘‘CboeEDGA’’)
and Cboe EDGX Exchange, Inc.
(‘‘CboeEDGX,’’ and collectively, the
‘‘Exchanges’’) 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 proposed rule changes to
revise each Exchange’s process for reopening trading of a security listed on
the New York Stock Exchange LLC
(‘‘NYSE’’) outside of regular trading
hours. The proposed rule changes were
published for comment in the Federal
Register on November 19, 2020.3 The
Commission received no comments on
the proposed rule changes. This order
approves the proposed rule changes.
II. Description of the Proposed Rule
Changes
Outside of regular trading hours, the
Exchanges’ operate extra-hours sessions
from 7:00 a.m. to 8:00 a.m. Eastern Time
(‘‘ET’’),4 8:00 a.m. to 9:30 a.m. ET,5 and
from 4:00 p.m. to 8:00 p.m. ET.6 The
Exchanges have proposed to change the
manner by which they re-open trading
of an NYSE-listed security on their
1 15
U.S.C. 78s(b)(1).
CFR 240.19b–4.
3 See Securities Exchange Act Release Nos. 90421
(Nov. 13, 2020), 85 FR 73826 (Nov. 19, 2020) (SR–
CboeBYX–2020–032); 90420 (Nov. 13, 2020), 85 FR
73832 (Nov. 19, 2020) (SR–CboeBZX–2020–083);
90419 (Nov. 13, 2020), 85 FR 73829 (Nov. 19, 2020)
(SR–CboeEDGA–2020–029); 90422 (Nov. 13, 2020),
85 FR 73816 (Nov. 19, 2020) (SR–CboeEDGX–2020–
055). The proposed rule changes are nearly
identical.
4 See CboeBYX Rule 1.5(ee); CboeBZX Rule
1.5(ee); CboeEDGA Rule 1.5(ii); CboeEDGX Rule
1.5(ii).
5 See CboeBYX Rule 1.5(r); CboeBZX Rule 1.5(r);
CboeEDGA Rule 1.5(s); CboeEDGX Rule 1.5(s).
6 See CboeBYX Rule 1.5(c); CboeBZX Rule 1.5(c);
CboeEDGA Rule 1.5(r); CboeEDGX Rule 1.5(r).
2 17
VerDate Sep<11>2014
17:28 Dec 31, 2020
Jkt 253001
respective markets if NYSE lifts the halt,
suspension, or pause in that security
during an extra-hours session.7 Under
the Exchanges’ current rules and
procedures, the only way to re-open
trading in an extra-hours session of an
NYSE-listed security that has been
halted, suspended, or paused by NYSE
is for Exchange staff to manually reopen the market for that security.8 The
Exchanges have represented that, under
their current procedures, Exchange staff
would have the authority to re-open
their markets for trading an NYSE-listed
security during an extra-hours session if
two conditions are met: (1) NYSE lifts
the halt, suspension, or pause in that
security; and (2) one or more other
exchanges resumes quoting the
security.9 Furthermore, under current
procedures, Exchange staff would
ascertain whether these two conditions
had been met and, if so, re-open the
market manually. The Exchanges
believe that this manual process is
inefficient, and state that members have
requested that the Exchanges replace
this process with a more efficient
automated process.
The Exchanges have proposed to
reconfigure their systems such that,
when NYSE has halted, suspended, or
paused trading in one of its listed
securities and subsequently lifts the
halt, suspension, or pause during an
extra-hours session, the Exchanges
would re-open their respective markets
in that security automatically when
those two conditions are present,
thereby eliminating the need for manual
intervention. The Exchanges are not
proposing any changes to the conditions
for re-opening their markets, only the
mechanism for doing so. The new
automated procedures would
automatically resume trading after one
second has passed following the
Exchanges’ receipt of the first NBBO
following the resumption of trading
after the halt, suspension, or pause. This
change would allow each Exchange to
avoid the need for its staff to monitor for
resumption messages, and would allow
members’ orders to be automatically
reflected in the market, while
7 If NYSE lifts the halt, suspension, or pause in
one of its listed securities during regular trading
hours, existing rules of the Exchanges—which the
Exchanges are not proposing to change—would
apply. See CboeBYX Rule 11.23(e)(1); CboeBZX
Rule 11.24(e)(1); CboeEDGA Rule 11.7(e)(1);
CboeEDGX Rule 11.7(e)(1).
8 See CboeBYX Rule 11.23(e)(2); CboeBZX Rule
11.24(e)(2); CboeEDGA Rule 11.7(e)(2); CboeEDGX
Rule 11.7(e)(2).
9 See Email from Adrian Griffiths, Assistant
General Counsel, Cboe Global Markets, to Michael
Gaw, Kathleen Gross, and Marlene Olsen, Division
of Trading and Markets, Commission (Dec. 14,
2020).
PO 00000
Frm 00110
Fmt 4703
Sfmt 4703
continuing to ensure that the Exchanges’
re-opening is tied to the existence of a
market in the security on one or more
national securities exchanges.
If there is no available NBBO in the
security, the proposed automated
procedures would not resume trading
on the Exchanges. However, each
Exchange would retain the ability to
manually resume trading at its
discretion pursuant to an existing rule.10
Each Exchange also has proposed to
amend the existing rule to specifically
provide that that discretion exists only
when a security has not otherwise been
re-opened for trading on the Exchange
pursuant to the new automated
procedures. The Exchanges believe that
modifying the rules in this manner
would increase transparency by
specifically identifying the times when
this discretion is not relevant due to the
fact that the Exchange has successfully
re-opened the security using its
automated procedures. The Exchanges
have represented that these additional
changes would not substantively modify
the scope of the discretion provided
under the existing rules.
III. Discussion and Commission
Findings
After careful review, the Commission
finds that the proposed rule changes are
consistent with the requirements of the
Act and the rules and regulations
thereunder applicable to a national
securities exchange.11 In particular, the
Commission finds that the proposed
rule changes are consistent with Section
6(b)(5) of the Act,12 which requires,
among other things, that the rules of a
national securities exchange be
designed to prevent fraudulent and
manipulative acts and practices, to
promote just and equitable principles of
trade, to foster cooperation and
coordination with persons engaged in
facilitating transactions in securities, to
remove impediments to and perfect the
mechanism of a free and open market
and a national market system, and, in
general, to protect investors and the
public interest.
As noted above, the Exchanges have
proposed to reconfigure their systems
such that, when NYSE has halted,
suspended, or paused trading in one of
its listed securities and subsequently
10 See CboeBYX Rule 11.23(e)(2); CboeBZX Rule
11.24(e)(2); CboeEDGA Rule 11.7(e)(2); CboeEDGX
Rule 11.7(e)(2) (providing that, where neither of the
conditions required for re-opening has occurred, the
security may be opened for trading at the discretion
of the Exchange).
11 In approving these proposed rule changes, the
Commission has considered the proposed rules’
impact on efficiency, competition, and capital
formation. See 15 U.S.C. 78c(f).
12 15 U.S.C. 78f(b)(5).
E:\FR\FM\04JAN1.SGM
04JAN1
Federal Register / Vol. 86, No. 1 / Monday, January 4, 2021 / Notices
lifts the halt, suspension, or pause
during an extra-hours session, the
Exchanges would re-open their markets
in that security automatically when the
two aforementioned conditions are met,
thereby eliminating the need for manual
intervention. The Exchanges have
narrowly tailored this new automated
process to be invoked only when both
conditions are met. The Exchanges have
stated that, currently, Exchange
personnel would confirm that the
security is no longer halted and identify
that there are quotes in the security
available on other exchanges, and that
the Exchanges believe that an automated
process would be more consistent and
reliable. By setting forth a clear, rulesbased approach to re-opening trading in
a narrow set of circumstances, the
proposals are reasonably designed to
increase the consistency and efficiency
of the re-opening process in these
circumstances. Therefore, the
Commission finds that the proposals are
consistent with the Act. As noted above,
the Commission received no comments
opposing the proposed rule changes.
IV. Conclusion
It is therefore ordered, pursuant to
Section 19(b)(2) of the Act,13 that the
proposed rule changes (SR–CboeBYX–
2020–032, SR–CboeBZX–2020–083, SR–
CboeEDGA–2020–029, and SR–
CboeEDGX–2020–055) be, and hereby
are, approved.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.14
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020–29021 Filed 12–31–20; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
Self-Regulatory Organizations; NYSE
Arca, Inc.; Notice of Filing and
Immediate Effectiveness of Proposed
Rule Change To Reflect a Change in
the Time of Calculation and
Publication of the Wilshire Gold Index
Applicable to Shares of the Wilshire
wShares Enhanced Gold Trust
Pursuant to Section 19(b)(1) 1 of the
Securities Exchange Act of 1934
13 15
U.S.C. 78s(b)(2).
CFR 200.30–3(a)(12).
1 15 U.S.C. 78s(b)(1).
14 17
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17:28 Dec 31, 2020
Jkt 253001
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
The Exchange proposes to reflect a
change in the time of calculation and
publication of the Wilshire Gold Index
applicable to shares of the Wilshire
wShares Enhanced Gold Trust
(‘‘Trust’’). Shares of the Trust have been
approved by the Commission for listing
and trading on the Exchange under
NYSE Arca Rule 8.201–E.4 The Trust’s
shares have not commenced trading on
the Exchange. 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
[Release No. 34–90807; File No. SR–
NYSEArca–2020–114]
December 28, 2020.
(‘‘Act’’) 2 and Rule 19b–4 thereunder,3
notice is hereby given that, on December
21, 2020, NYSE Arca, Inc. (‘‘NYSE
Arca’’ or ‘‘Exchange’’) filed with the
Securities and Exchange Commission
(‘‘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.
1. Purpose
The Commission has approved a
proposed rule change relating to listing
and trading on the Exchange of shares
(‘‘Shares’’) of the Wilshire wShares
Enhanced Gold Trust (‘‘Trust’’) for
listing and trading on the Exchange
under NYSE Arca Rule 8.201–E
(‘‘Commodity-Based Trust Shares’’).5
2 15
U.S.C. 78a.
CFR 240.19b–4.
4 See note 5, infra.
5 See Securities Exchange Act Release No. 90216
(October 16, 2020), 85 FR 67401 (October 22, 2020)
(SR–NYSEArca–2020–59) (Notice of Filing of
3 17
PO 00000
Frm 00111
Fmt 4703
Sfmt 4703
159
The Exchange proposes to reflect a
change in the time of calculation and
publication of the Wilshire Gold Index
(‘‘Index’’) applicable to Shares of the
Trust. The Trust’s Shares have not
commenced trading on the Exchange.6
According to the Registration
Statement and the Prior Order, the
investment objective of the Trust is for
the Shares to closely reflect the Index,
which will be published by Solactive
AG (the Index Calculation Agent), less
the Trust’s liabilities and expenses. The
Trust will have no assets other than (a)
physical gold bullion (‘‘Physical Gold’’)
in proportions that seek to closely
replicate the Index and (b) cash.
The Prior Order stated that the Index
value using the London Bullion Market
Association (‘‘LBMA’’) Gold Price PM 7
will be calculated and published daily
each business day at approximately 5:00
p.m. (Eastern time (‘‘E.T.’’)) on the
Trust’s website. The Exchange proposes
to change this representation to state
that the Index value using the LBMA
Gold Price PM will be calculated and
published daily each business day by
approximately 7:00 p.m. E.T. on the
Trust’s website. The revised time is
being proposed as a result of certain
contractual licensing restrictions which
prevents the publication of the Index
value prior to 7:00 p.m. E.T.
The Exchange believes that modifying
the representation regarding when the
Index value using the LBMA Gold Price
PM is published to reflect that such
Index value would be published each
business day by approximately 7:00
p.m. E.T. would have no impact on the
Trust’s shareholders. During the
proposed two hour extension from
approximately 5:00 p.m. E.T. to
approximately 7:00 p.m. E.T., the value
of the Trust’s holdings and net asset
value (‘‘NAV’’) will be available, which
will provide investors and authorized
participants (‘‘APs’’) with a basis to
determine whether Shares during the
Amendment No. 3 and Order Granting Accelerated
Approval of a Proposed Rule Change, as Modified
by Amendment No. 3, To Amend NYSE Arca Rule
8.201–E (Commodity-Based Trust Shares) and To
Permit the Listing and Trading of Shares of the
Wilshire wShares Enhanced Gold Trust Under
Amended NYSE Arca Rule 8.201–E) (‘‘Prior
Order’’).
6 On November 18, 2020 the Trust filed with the
Commission an amended registration statement on
Form S–1 under the Securities Act of 1933 relating
to the Trust (File No. 333–235913) (‘‘Registration
Statement’’). The description of the operation of the
Trust herein is based, in part, on the Prior Order.
The procedures described in this proposed rule
change will not be implemented until this proposed
rule change is effective and operative.
7 As stated in the Prior Order, the LBMA Gold
Price PM is the price of Physical Gold obtained
from auctions conducted in the afternoon (London
time) by ICE Benchmark Administration (‘‘IBA’’), a
benchmark administrator appointed by the LBMA.
E:\FR\FM\04JAN1.SGM
04JAN1
]]>Agencies
[Federal Register Volume 86, Number 1 (Monday, January 4, 2021)]
[Notices]
[Pages 158-159]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-29021]
[[Page 158]]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-90804; File Nos. SR-CboeBYX-2020-032, SR-CboeBZX-2020-
083, SRCboeEDGA-2020-029, SR-CboeEDGX-2020-055]
Self-Regulatory Organizations; Cboe BYX Exchange, Inc.; Cboe BZX
Exchange, Inc.; Cboe EDGA Exchange, Inc.; Cboe EDGX Exchange, Inc.;
Order Granting Approval of Proposed Rule Changes To Revise Each
Exchange's Process for Re-Opening Trading of NYSE-Listed Securities
Outside of Regular Trading Hours
December 28, 2020.
I. Introduction
On November 5, 2020, Cboe BYX Exchange, Inc. (``CboeBYX''), Cboe
BZX Exchange, Inc. (``CboeBZX''), Cboe EDGA Exchange, Inc.
(``CboeEDGA'') and Cboe EDGX Exchange, Inc. (``CboeEDGX,'' and
collectively, the ``Exchanges'') 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\ proposed rule changes to revise each Exchange's process
for re-opening trading of a security listed on the New York Stock
Exchange LLC (``NYSE'') outside of regular trading hours. The proposed
rule changes were published for comment in the Federal Register on
November 19, 2020.\3\ The Commission received no comments on the
proposed rule changes. This order approves the proposed rule changes.
---------------------------------------------------------------------------
\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
\3\ See Securities Exchange Act Release Nos. 90421 (Nov. 13,
2020), 85 FR 73826 (Nov. 19, 2020) (SR-CboeBYX-2020-032); 90420
(Nov. 13, 2020), 85 FR 73832 (Nov. 19, 2020) (SR-CboeBZX-2020-083);
90419 (Nov. 13, 2020), 85 FR 73829 (Nov. 19, 2020) (SR-CboeEDGA-
2020-029); 90422 (Nov. 13, 2020), 85 FR 73816 (Nov. 19, 2020) (SR-
CboeEDGX-2020-055). The proposed rule changes are nearly identical.
---------------------------------------------------------------------------
II. Description of the Proposed Rule Changes
Outside of regular trading hours, the Exchanges' operate extra-
hours sessions from 7:00 a.m. to 8:00 a.m. Eastern Time (``ET''),\4\
8:00 a.m. to 9:30 a.m. ET,\5\ and from 4:00 p.m. to 8:00 p.m. ET.\6\
The Exchanges have proposed to change the manner by which they re-open
trading of an NYSE-listed security on their respective markets if NYSE
lifts the halt, suspension, or pause in that security during an extra-
hours session.\7\ Under the Exchanges' current rules and procedures,
the only way to re-open trading in an extra-hours session of an NYSE-
listed security that has been halted, suspended, or paused by NYSE is
for Exchange staff to manually re-open the market for that security.\8\
The Exchanges have represented that, under their current procedures,
Exchange staff would have the authority to re-open their markets for
trading an NYSE-listed security during an extra-hours session if two
conditions are met: (1) NYSE lifts the halt, suspension, or pause in
that security; and (2) one or more other exchanges resumes quoting the
security.\9\ Furthermore, under current procedures, Exchange staff
would ascertain whether these two conditions had been met and, if so,
re-open the market manually. The Exchanges believe that this manual
process is inefficient, and state that members have requested that the
Exchanges replace this process with a more efficient automated process.
---------------------------------------------------------------------------
\4\ See CboeBYX Rule 1.5(ee); CboeBZX Rule 1.5(ee); CboeEDGA
Rule 1.5(ii); CboeEDGX Rule 1.5(ii).
\5\ See CboeBYX Rule 1.5(r); CboeBZX Rule 1.5(r); CboeEDGA Rule
1.5(s); CboeEDGX Rule 1.5(s).
\6\ See CboeBYX Rule 1.5(c); CboeBZX Rule 1.5(c); CboeEDGA Rule
1.5(r); CboeEDGX Rule 1.5(r).
\7\ If NYSE lifts the halt, suspension, or pause in one of its
listed securities during regular trading hours, existing rules of
the Exchanges--which the Exchanges are not proposing to change--
would apply. See CboeBYX Rule 11.23(e)(1); CboeBZX Rule 11.24(e)(1);
CboeEDGA Rule 11.7(e)(1); CboeEDGX Rule 11.7(e)(1).
\8\ See CboeBYX Rule 11.23(e)(2); CboeBZX Rule 11.24(e)(2);
CboeEDGA Rule 11.7(e)(2); CboeEDGX Rule 11.7(e)(2).
\9\ See Email from Adrian Griffiths, Assistant General Counsel,
Cboe Global Markets, to Michael Gaw, Kathleen Gross, and Marlene
Olsen, Division of Trading and Markets, Commission (Dec. 14, 2020).
---------------------------------------------------------------------------
The Exchanges have proposed to reconfigure their systems such that,
when NYSE has halted, suspended, or paused trading in one of its listed
securities and subsequently lifts the halt, suspension, or pause during
an extra-hours session, the Exchanges would re-open their respective
markets in that security automatically when those two conditions are
present, thereby eliminating the need for manual intervention. The
Exchanges are not proposing any changes to the conditions for re-
opening their markets, only the mechanism for doing so. The new
automated procedures would automatically resume trading after one
second has passed following the Exchanges' receipt of the first NBBO
following the resumption of trading after the halt, suspension, or
pause. This change would allow each Exchange to avoid the need for its
staff to monitor for resumption messages, and would allow members'
orders to be automatically reflected in the market, while continuing to
ensure that the Exchanges' re-opening is tied to the existence of a
market in the security on one or more national securities exchanges.
If there is no available NBBO in the security, the proposed
automated procedures would not resume trading on the Exchanges.
However, each Exchange would retain the ability to manually resume
trading at its discretion pursuant to an existing rule.\10\ Each
Exchange also has proposed to amend the existing rule to specifically
provide that that discretion exists only when a security has not
otherwise been re-opened for trading on the Exchange pursuant to the
new automated procedures. The Exchanges believe that modifying the
rules in this manner would increase transparency by specifically
identifying the times when this discretion is not relevant due to the
fact that the Exchange has successfully re-opened the security using
its automated procedures. The Exchanges have represented that these
additional changes would not substantively modify the scope of the
discretion provided under the existing rules.
---------------------------------------------------------------------------
\10\ See CboeBYX Rule 11.23(e)(2); CboeBZX Rule 11.24(e)(2);
CboeEDGA Rule 11.7(e)(2); CboeEDGX Rule 11.7(e)(2) (providing that,
where neither of the conditions required for re-opening has
occurred, the security may be opened for trading at the discretion
of the Exchange).
---------------------------------------------------------------------------
III. Discussion and Commission Findings
After careful review, the Commission finds that the proposed rule
changes are consistent with the requirements of the Act and the rules
and regulations thereunder applicable to a national securities
exchange.\11\ In particular, the Commission finds that the proposed
rule changes are consistent with Section 6(b)(5) of the Act,\12\ which
requires, among other things, that the rules of a national securities
exchange be designed to prevent fraudulent and manipulative acts and
practices, to promote just and equitable principles of trade, to foster
cooperation and coordination with persons engaged in facilitating
transactions in securities, to remove impediments to and perfect the
mechanism of a free and open market and a national market system, and,
in general, to protect investors and the public interest.
---------------------------------------------------------------------------
\11\ In approving these proposed rule changes, the Commission
has considered the proposed rules' impact on efficiency,
competition, and capital formation. See 15 U.S.C. 78c(f).
\12\ 15 U.S.C. 78f(b)(5).
---------------------------------------------------------------------------
As noted above, the Exchanges have proposed to reconfigure their
systems such that, when NYSE has halted, suspended, or paused trading
in one of its listed securities and subsequently
[[Page 159]]
lifts the halt, suspension, or pause during an extra-hours session, the
Exchanges would re-open their markets in that security automatically
when the two aforementioned conditions are met, thereby eliminating the
need for manual intervention. The Exchanges have narrowly tailored this
new automated process to be invoked only when both conditions are met.
The Exchanges have stated that, currently, Exchange personnel would
confirm that the security is no longer halted and identify that there
are quotes in the security available on other exchanges, and that the
Exchanges believe that an automated process would be more consistent
and reliable. By setting forth a clear, rules-based approach to re-
opening trading in a narrow set of circumstances, the proposals are
reasonably designed to increase the consistency and efficiency of the
re-opening process in these circumstances. Therefore, the Commission
finds that the proposals are consistent with the Act. As noted above,
the Commission received no comments opposing the proposed rule changes.
IV. Conclusion
It is therefore ordered, pursuant to Section 19(b)(2) of the
Act,\13\ that the proposed rule changes (SR-CboeBYX-2020-032, SR-
CboeBZX-2020-083, SR-CboeEDGA-2020-029, and SR-CboeEDGX-2020-055) be,
and hereby are, approved.
---------------------------------------------------------------------------
\13\ 15 U.S.C. 78s(b)(2).
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\14\
---------------------------------------------------------------------------
\14\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020-29021 Filed 12-31-20; 8:45 am]
BILLING CODE 8011-01-P
