Sunshine Act Meetings, 4060 [2022-01563]
Download as PDF
4060
Federal Register / Vol. 87, No. 17 / Wednesday, January 26, 2022 / Notices
For the Nuclear Regulatory Commission.
Meraj Rahimi,
Chief, Regulatory Guide and Programs
Management Branch, Division of Engineering,
Office of Nuclear Regulatory Research.
[FR Doc. 2022–01492 Filed 1–25–22; 8:45 am]
BILLING CODE 7590–01–P
RAILROAD RETIREMENT BOARD
Sunshine Act Meetings
TIME AND DATE:
11 a.m., January 19,
2022.i
844 North Rush Street, Chicago,
Illinois 60611.
STATUS: Closed.
MATTERS TO BE CONSIDERED:
(1) Internal Personnel Matters
PLACE:
CONTACT PERSON FOR MORE INFORMATION:
Stephanie Hillyard, Secretary to the
Board, Phone No. 312–751–4920.
Authority: 5 U.S.C. 552b.
Dated: January 21, 2022.
Stephanie Hillyard,
Secretary to the Board.
[FR Doc. 2022–01563 Filed 1–24–22; 11:15 am]
SECURITIES AND EXCHANGE
COMMISSION
Self-Regulatory Organizations; Cboe
BYX Exchange, Inc.; Notice of Filing of
Amendment No. 2 and Order
Approving on an Accelerated Basis a
Proposed Rule Change, as Modified by
Amendment No. 2, To Make Clarifying
Changes Regarding Its Periodic
Auctions
January 20, 2022.
khammond on DSKJM1Z7X2PROD with NOTICES
On October 14, 2021, Cboe BYX
Exchange, Inc. (‘‘BYX’’ 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 make certain clarifying
changes regarding its Periodic Auctions.
The proposed rule change was
published for comment in the Federal
Register on October 26, 2021.3 On
i By unanimous, recorded vote of the Board
members of the Railroad Retirement Board, such
Board members determined that agency business
required that this meeting be called with less than
one week notice. 5 U.S.C. 552b(e)(1).
1 15 U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
3 See Securities Exchange Act Release No. 93390
(October 20, 2021), 86 FR 59202.
Jkt 256001
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.
1. Purpose
[Release No. 34–94012; File No. SRCboeBYX–2021–024]
17:34 Jan 25, 2022
I. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change 5
A. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
BILLING CODE 7905–01–P
VerDate Sep<11>2014
January 12, 2022, the Exchange filed
Amendment No. 1 to the proposed rule
change. On January 14, 2022, the
Exchange withdrew Amendment No. 1
and filed Amendment No. 2, which
replaces in its entirety the proposal as
originally submitted on October 14,
2021.4 The Commission received no
comment letters regarding the proposal.
This order approves the proposed rule
change, as modified by Amendment No.
2, on an accelerated basis.
This Amendment No. 2 to SR–
CboeBYX–2021–024 amends and
replaces in its entirety the proposal as
originally submitted on October 14,
2021.6 The Exchange submits this
Amendment No. 2 in order to clarify
certain points and add additional details
to the proposal.
The purpose of this proposed rule
change is to make certain clarifying
changes to Exchange Rule 11.25 related
to periodic auctions for the trading of
U.S. equity securities (‘‘Periodic
Auctions’’).7 The Commission approved
the Exchange’s proposal to introduce
Periodic Auctions on March 26, 2021.8
4 The amendments to the proposed rule change
are available at: https://www.sec.gov/comments/srcboebyx-2021-024/srcboebyx2021024.htm.
5 This description of the proposed rule change
was substantially prepared by the Exchange.
6 The Exchange notes that it submitted
Amendment No. 1 to this proposal on January 12,
2022, which it subsequently withdrew on January
14, 2022.
7 The term ‘‘Periodic Auction’’ shall mean an
auction conducted pursuant to Rule 11.25. See Rule
11.25(a)(4).
8 See Securities Exchange Act Release No. 91423
(March 26, 2021), 86 FR 17230 (April 1, 2021) (SR–
BYX–2020–021, Amendments No. 3 and 4) (the
‘‘Approved Proposal’’). The Exchange also notes
that the original proposal to adopt Periodic
Auctions (the ‘‘Original Proposal’’) was submitted
on July 17, 2020. See Securities Exchange Act
PO 00000
Frm 00097
Fmt 4703
Sfmt 4703
The Exchange has not yet implemented
Periodic Auctions. The Exchange is
submitting this proposal in order to
simplify certain portions of the Periodic
Auction process and to add clarity to
the rule text prior to implementation.
Specifically, the Exchange is
proposing that: (i) Periodic Auction
Eligible Orders 9 will be ranked as nondisplayed limit orders consistent with
the priority of orders outlined in Rule
11.12(a); (ii) incoming Periodic Auction
Eligible Orders that are eligible both to
trade on the Continuous Book and
initiate a Periodic Auction against a
Periodic Auction Only Order at the
same price will trade immediately with
the Continuous Book, and other
incoming Periodic Auction Eligible
Orders will upon entry interact with
Continuous Book Orders 10 and other
Periodic Auction Eligible Orders
according to their rank under Rule
11.12(a); and (iii) Periodic Auction
Eligible Orders that are also Minimum
Quantity Orders 11 will only initiate a
Periodic Auction upon entry where a
single contra-side Periodic Auction
Order would satisfy the specified
minimum size. The Exchange is also
proposing to make a simplifying change
to reject Periodic Auction Orders that
are immediate-or-cancel (‘‘IOC’’).
Finally, the Exchange is proposing to
make certain clean-up changes to Rule
11.25(b)(1), (2), and (3) to eliminate
certain typos from the rule text.
Ranking Periodic Auction Eligible
Orders
Rule 11.25(b)(2) currently reads as
follows:
Periodic Auction Eligible Orders. A
‘‘Periodic Auction Eligible Order’’ is a
Non-Displayed Limit Order eligible to
trade on the Continuous Book that is
entered with an instruction to also
initiate a Periodic Auction, if possible,
pursuant to this Rule 11.25. An
incoming Periodic Auction Eligible
Order that is eligible both to trade on
the Continuous Book and initiate a
Periodic Auction will trade immediately
with the Continuous Book.
The first sentence makes clear that
Periodic Auction Eligible Orders are
Release No. 89424 (July 29, 2020), 85 FR 47262
(August 4, 2020).
9 The term ‘‘Periodic Auction Order’’ shall mean
a ‘‘Periodic Auction Only Order’’ or ‘‘Periodic
Auction Eligible Order’’ as those terms are defined
in Rules 11.25(b)(1)–(2), and the term ‘‘Periodic
Auction Book’’ shall mean the System’s electronic
file of such Periodic Auction Orders. See Rule
11.25(a)(6).
10 The term ‘‘Continuous Book Order’’ shall mean
an order on the BYX Book that is not a Periodic
Auction Order, and the term ‘‘Continuous Book’’
shall mean System’s electronic file of such
Continuous Book Orders. See Rule 11.25(a)(2).
11 See BYX Rule 11.9(c)(5).
E:\FR\FM\26JAN1.SGM
26JAN1
Agencies
[Federal Register Volume 87, Number 17 (Wednesday, January 26, 2022)]
[Notices]
[Page 4060]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-01563]
=======================================================================
-----------------------------------------------------------------------
RAILROAD RETIREMENT BOARD
Sunshine Act Meetings
TIME AND DATE: 11 a.m., January 19, 2022.\i\
---------------------------------------------------------------------------
\i\ By unanimous, recorded vote of the Board members of the
Railroad Retirement Board, such Board members determined that agency
business required that this meeting be called with less than one
week notice. 5 U.S.C. 552b(e)(1).
---------------------------------------------------------------------------
PLACE: 844 North Rush Street, Chicago, Illinois 60611.
STATUS: Closed.
MATTERS TO BE CONSIDERED:
(1) Internal Personnel Matters
CONTACT PERSON FOR MORE INFORMATION: Stephanie Hillyard, Secretary to
the Board, Phone No. 312-751-4920.
Authority: 5 U.S.C. 552b.
Dated: January 21, 2022.
Stephanie Hillyard,
Secretary to the Board.
[FR Doc. 2022-01563 Filed 1-24-22; 11:15 am]
BILLING CODE 7905-01-P