Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change Relating To Amend Its Fee Schedule, 14308-14310 [2022-05245]
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14308
Federal Register / Vol. 87, No. 49 / Monday, March 14, 2022 / Notices
Permit Holders are equally unable to
route orders in XSP, and the removal of
references to routed XSP orders merely
updates the Fee Schedule to reflect this.
B. Self-Regulatory Organization’s
Statement on Burden on Competition
The Exchange does not believe that
the proposed rule change will impose
any burden on competition that is not
necessary or appropriate in furtherance
of the purposes of the Act because the
proposed rule change merely updates
the Fee Schedule to reflect that a
product (i.e., XSP options) can no longer
be routed to another options exchange
and is designed to reduce any potential
confusion without having any impact on
competition.
C. Self-Regulatory Organization’s
Statement on Comments on the
Proposed Rule Change Received From
Members, Participants, or Others
The Exchange neither solicited nor
received comments on the proposed
rule change.
III. Date of Effectiveness of the
Proposed Rule Change and Timing for
Commission Action
The foregoing rule change has become
effective pursuant to Section 19(b)(3)(A)
of the Act 7 and paragraph (f) of Rule
19b–4 8 thereunder. 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. If the
Commission takes such action, the
Commission will institute proceedings
to determine whether the proposed rule
change should be approved or
disapproved.
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:
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–CBOE–2022–008. 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–CBOE–2022–008 and
should be submitted on or before April
4, 2022.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.9
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2022–05250 Filed 3–11–22; 8:45 am]
BILLING CODE 8011–01–P
jspears on DSK121TN23PROD with NOTICES1
Electronic Comments
• 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–
CBOE–2022–008 on the subject line.
7 15
8 17
17:51 Mar 11, 2022
[Release No. 34–94379; File No. SR–
CboeBZX–2022–014]
Self-Regulatory Organizations; Cboe
BZX Exchange, Inc.; Notice of Filing
and Immediate Effectiveness of a
Proposed Rule Change Relating To
Amend Its Fee Schedule
March 8, 2022.
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 March 1,
2022, Cboe BZX Exchange, Inc. (the
‘‘Exchange’’ or ‘‘BZX’’) 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
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 BZX Exchange, Inc. (the
‘‘Exchange’’ or ‘‘BZX’’) is filing with the
Securities and Exchange Commission
(‘‘Commission’’) a proposed rule change
to amend its Fee 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://markets.cboe.com/us/
equities/regulation/rule_filings/bzx/), 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.
1 15
U.S.C. 78s(b)(3)(A).
CFR 240.19b–4(f).
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SECURITIES AND EXCHANGE
COMMISSION
9 17
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CFR 200.30–3(a)(12).
Frm 00072
Fmt 4703
2 17
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U.S.C. 78s(b)(1).
CFR 240.19b–4.
E:\FR\FM\14MRN1.SGM
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Federal Register / Vol. 87, No. 49 / Monday, March 14, 2022 / Notices
A. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
1. Purpose
The Exchange proposes to amend its
fee schedule for its equity options
platform (‘‘BZX Options’’) by removing
certain fee codes in light of the delisting
of XSP options on the Exchange
effective March 1, 2022.
The Exchange proposes to eliminate
fee codes associated with orders in XSP
options as the Exchange has delisted
XSP options for trading on the
Exchange. Specifically, under the Fees
and Associated Fee Codes section of the
Fee Schedule, the proposed rule change
removes fees codes XA, XC, XF, XM,
XN, XO, XP, XR and XY, all of which
were appended to various orders in XSP
options. The proposed rule change also
removes references to fee codes
associated with orders in XSP options
from (i) the Customer Penny Add
Volume Tiers in footnote 1, (ii) Firm,
Broker Dealer, and Joint Back Office
Penny Add Volume Tiers in footnote 2,
(iii) NBBO Setter Tiers in footnote 4, (iv)
Market Maker Penny Pilot Add Volume
Tiers in footnote 6, (v) Professional
Penny Add Volume Tiers in footnote 9
and (vi) Away Market Maker Penny Add
Volume Tier in footnote 10.
jspears on DSK121TN23PROD with NOTICES1
2. Statutory Basis
The Exchange believes that the
proposed rule change is consistent with
the objectives of Section 6 of the Act,3
in general, and furthers the objectives of
Section 6(b)(4),4 in particular, as it is
designed to provide for the equitable
allocation of reasonable dues, fees and
other charges among its Members and
issuers and other persons using its
facilities. The Exchange also believes
that the proposed rule change is
consistent with the objectives of Section
6(b)(5) 5 requirements that the rules of
an 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 regulating, clearing, settling,
processing information with respect to,
and 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, and,
particularly, is not designed to permit
U.S.C. 78f.
U.S.C. 78f(b)(4).
5 15 U.S.C. 78f(b)(5).
unfair discrimination between
customers, issuers, brokers, or dealers.
The Exchange believes the proposed
rule change is reasonable, equitable and
not unfairly discriminatory as it does
not change the fees or rebates assessed
by the Exchange, but rather updates the
Fee Schedule to remove fee codes
associated with orders in XSP options,
as well as references in the Fee
Schedule to such orders, because the
Exchange no longer lists XSP options for
trading. Therefore, the proposed rule
change is reasonably designed to update
the Fee Schedule to accurately reflect
the Exchange’s current product offerings
and is designed to reduce any potential
confusion regarding the availability of
XSP options on the Exchange. The
Exchange also believes that the
proposed rule change is equitable and
not unfairly discriminatory because all
Members are equally unable to submit
orders in the delisted product, and the
removal of references to orders in XSP
options merely updates the Fee
Schedule to reflect this.
B. Self-Regulatory Organization’s
Statement on Burden on Competition
The Exchange does not believe that
the proposed rule change will impose
any burden on competition that is not
necessary or appropriate in furtherance
of the purposes of the Act because the
proposed rule change merely updates
the Fee Schedule to reflect that a
product (i.e., XSP options) has been
delisted and is designed to reduce any
potential confusion without having any
impact on competition.
C. Self-Regulatory Organization’s
Statement on Comments on the
Proposed Rule Change Received From
Members, Participants, or Others
The Exchange neither solicited nor
received comments on the proposed
rule change.
III. Date of Effectiveness of the
Proposed Rule Change and Timing for
Commission Action
The foregoing rule change has become
effective pursuant to Section 19(b)(3)(A)
of the Act 6 and paragraph (f) of Rule
19b–4 7 thereunder. 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. If the
Commission takes such action, the
3 15
4 15
VerDate Sep<11>2014
17:51 Mar 11, 2022
6 15
7 17
Jkt 256001
PO 00000
U.S.C. 78s(b)(3)(A).
CFR 240.19b–4(f).
Frm 00073
Fmt 4703
Sfmt 4703
14309
Commission will institute proceedings
to determine whether the proposed rule
change should be approved or
disapproved.
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
• 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–
CboeBZX–2022–014 on the subject line.
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–CboeBZX–2022–014. 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–CboeBZX–2022–014 and
should be submitted on or before April
4, 2022.
E:\FR\FM\14MRN1.SGM
14MRN1
14310
Federal Register / Vol. 87, No. 49 / Monday, March 14, 2022 / Notices
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.8
J. Matthew DeLesDernier,
Assistant Secretary.
A. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
[FR Doc. 2022–05245 Filed 3–11–22; 8:45 am]
BILLING CODE 8011–01–P
1. Purpose
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–94377; File No. SR–
CboeBZX–2022–011]
Self-Regulatory Organizations; Cboe
BZX Exchange, Inc.; Notice of Filing
and Immediate Effectiveness of a
Proposed Rule Change To Amend Its
Fee Schedule
March 8, 2022.
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 March 1,
2022, Cboe BZX Exchange, Inc. (the
‘‘Exchange’’ or ‘‘BZX’’) 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
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 BZX Exchange, Inc. (the
‘‘Exchange’’ or ‘‘BZX’’ or ‘‘BZX
Equities’’) proposes to amend its Fee
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://markets.cboe.com/us/
equities/regulation/rule_filings/bzx/), at
the Exchange’s Office of the Secretary,
and at the Commission’s Public
Reference Room.
jspears on DSK121TN23PROD with NOTICES1
I. 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
CFR 200.30–3(a)(12).
1 15 U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
17:51 Mar 11, 2022
The Exchange proposes to amend its
fee schedule to modify the Add/Remove
Volume Tiers 1 and 2, and to eliminate
the Single MPID Investor Tier 1. The
Exchange proposes to implement the
proposed change to its fee schedule on
March 1, 2022.
The Exchange first notes that it
operates in a highly competitive market
in which market participants can
readily direct order flow to competing
venues if they deem fee levels at a
particular venue to be excessive or
incentives to be insufficient. More
specifically, the Exchange is only one of
16 registered equities exchanges, as well
as a number of alternative trading
systems and other off-exchange venues
that do not have similar self-regulatory
responsibilities under the Securities
Exchange Act of 1934 (the ‘‘Act’’), to
which market participants may direct
their order flow. Based on publicly
available information,3 no single
registered equities exchange has more
than 16% of the market share. Thus, in
such a low-concentrated and highly
competitive market, no single equities
exchange possesses significant pricing
power in the execution of order flow.
The Exchange in particular operates a
‘‘Maker-Taker’’ model whereby it pays
credits to Members that add liquidity
and assesses fees to those that remove
liquidity. The Exchange’s fee schedule
sets forth the standard rebates and rates
applied per share for orders that provide
and remove liquidity, respectively.
Particularly, for securities at or above
$1.00, the Exchange provides a standard
rebate of $0.0016 per share for orders
that add liquidity and assesses a fee of
$0.0030 per share for orders that remove
liquidity. Additionally, in response to
the competitive environment, the
Exchange also offers tiered pricing
which provides Members opportunities
to qualify for higher rebates or reduced
fees where certain volume criteria and
thresholds are met. Tiered pricing
provides an incremental incentive for
Members to strive for higher tier levels,
which provides increasingly higher
3 See Cboe Global Markets, U.S. Equities Market
Volume Summary, Month-to-Date (February 22,
2022), available at https://markets.cboe.com/us/
equities/market_statistics/.
8 17
VerDate Sep<11>2014
Exchange has prepared summaries, set
forth in sections A, B, and C below, of
the most significant aspects of such
statements.
Jkt 256001
PO 00000
Frm 00074
Fmt 4703
Sfmt 4703
benefits or discounts for satisfying
increasingly more stringent criteria.
Under footnote 1 of the Fee Schedule,
the Exchange currently offers various
Add/Remove Volume Tiers. In
particular, the Exchange offers six
displayed add volume tiers that each
provide an enhanced rebate for
Members’ qualifying orders yielding fee
codes B,4 V,5 or Y,6 where a Member
reaches certain add volume-based
criteria. Currently Tiers 1 and 2 are as
follows:
• Tier 1 provides a rebate of $0.0020
per share to qualifying orders (i.e.,
orders yielding fee codes B, V, or Y)
where the Member has an ADAV 7 as a
percentage of TCV 8 equal to or greater
than 0.10%, or the Member has an
ADAV equal to or greater than 10
million shares.
• Tier 2 provides a rebate of $0.0025
per share to qualifying orders (i.e.,
orders yielding fee codes B, V, or Y)
where the Member has an ADAV as a
percentage of TCV equal to or greater
than 0.20%, or the Member has an
ADAV equal to or greater than 20
million shares.
Now, the Exchange proposes to
amend the criteria of Tier 1 and reduce
the rebate applicable to Tier 2.
Specifically, the Exchange proposes to
amend Tiers 1 and 2 as follows:
• Proposed Tier 1 will provide a
rebate of $0.0020 per share to qualifying
orders (i.e., orders yielding fee codes B,
V, or Y) where the Member has an
ADAV as a percentage of TCV equal to
or greater than 0.15%, or the Member
has an ADAV equal to or greater than 15
million shares.
• Tier 2 provides a rebate of $0.23 per
share to qualifying orders (i.e., orders
yielding fee codes B, V, or Y) where the
Member has an ADAV as a percentage
of TCV equal to or greater than 0.20%,
or the Member has an ADAV equal to
or greater than 20 million shares.
Under footnote 4 of the Fee Schedule,
the Exchange currently offers two Single
MPID Investor Tiers. In particular, the
Single MPID Investor Tier 1 provides an
enhanced rebate of $0.0030 per share for
4 Orders yielding Fee Code ‘‘B’’ are orders adding
liquidity to BZX (Tape B).
5 Orders yielding Fee Code ‘‘V’’ are orders adding
liquidity to BZX (Tape A).
6 Orders yielding Fee Code ‘‘Y’’ are orders adding
liquidity to BZX (Tape C).
7 ‘‘ADAV’’ means average daily added volume
calculated as the number of shares added per day
and ‘‘ADV’’ means average daily volume calculated
as the number of shares added or removed,
combined, per day. ADAV and ADV are calculated
on a monthly basis.
8 ‘‘TCV’’ means total consolidated volume
calculated as the volume reported by all exchanges
and trade reporting facilities to a consolidated
transaction reporting plan for the month for which
the fees apply.
E:\FR\FM\14MRN1.SGM
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]]>Agencies
[Federal Register Volume 87, Number 49 (Monday, March 14, 2022)]
[Notices]
[Pages 14308-14310]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-05245]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-94379; File No. SR-CboeBZX-2022-014]
Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of
Filing and Immediate Effectiveness of a Proposed Rule Change Relating
To Amend Its Fee Schedule
March 8, 2022.
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 March 1, 2022, Cboe BZX Exchange, Inc. (the ``Exchange'' or
``BZX'') 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
Commission is publishing this notice to solicit comments on the
proposed rule change from interested persons.
---------------------------------------------------------------------------
\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
---------------------------------------------------------------------------
I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change
Cboe BZX Exchange, Inc. (the ``Exchange'' or ``BZX'') is filing
with the Securities and Exchange Commission (``Commission'') a proposed
rule change to amend its Fee 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://markets.cboe.com/us/equities/regulation/rule_filings/bzx/), 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.
[[Page 14309]]
A. Self-Regulatory Organization's Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule Change
1. Purpose
The Exchange proposes to amend its fee schedule for its equity
options platform (``BZX Options'') by removing certain fee codes in
light of the delisting of XSP options on the Exchange effective March
1, 2022.
The Exchange proposes to eliminate fee codes associated with orders
in XSP options as the Exchange has delisted XSP options for trading on
the Exchange. Specifically, under the Fees and Associated Fee Codes
section of the Fee Schedule, the proposed rule change removes fees
codes XA, XC, XF, XM, XN, XO, XP, XR and XY, all of which were appended
to various orders in XSP options. The proposed rule change also removes
references to fee codes associated with orders in XSP options from (i)
the Customer Penny Add Volume Tiers in footnote 1, (ii) Firm, Broker
Dealer, and Joint Back Office Penny Add Volume Tiers in footnote 2,
(iii) NBBO Setter Tiers in footnote 4, (iv) Market Maker Penny Pilot
Add Volume Tiers in footnote 6, (v) Professional Penny Add Volume Tiers
in footnote 9 and (vi) Away Market Maker Penny Add Volume Tier in
footnote 10.
2. Statutory Basis
The Exchange believes that the proposed rule change is consistent
with the objectives of Section 6 of the Act,\3\ in general, and
furthers the objectives of Section 6(b)(4),\4\ in particular, as it is
designed to provide for the equitable allocation of reasonable dues,
fees and other charges among its Members and issuers and other persons
using its facilities. The Exchange also believes that the proposed rule
change is consistent with the objectives of Section 6(b)(5) \5\
requirements that the rules of an 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 regulating, clearing, settling, processing
information with respect to, and 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, and, particularly, is not
designed to permit unfair discrimination between customers, issuers,
brokers, or dealers.
---------------------------------------------------------------------------
\3\ 15 U.S.C. 78f.
\4\ 15 U.S.C. 78f(b)(4).
\5\ 15 U.S.C. 78f(b)(5).
---------------------------------------------------------------------------
The Exchange believes the proposed rule change is reasonable,
equitable and not unfairly discriminatory as it does not change the
fees or rebates assessed by the Exchange, but rather updates the Fee
Schedule to remove fee codes associated with orders in XSP options, as
well as references in the Fee Schedule to such orders, because the
Exchange no longer lists XSP options for trading. Therefore, the
proposed rule change is reasonably designed to update the Fee Schedule
to accurately reflect the Exchange's current product offerings and is
designed to reduce any potential confusion regarding the availability
of XSP options on the Exchange. The Exchange also believes that the
proposed rule change is equitable and not unfairly discriminatory
because all Members are equally unable to submit orders in the delisted
product, and the removal of references to orders in XSP options merely
updates the Fee Schedule to reflect this.
B. Self-Regulatory Organization's Statement on Burden on Competition
The Exchange does not believe that the proposed rule change will
impose any burden on competition that is not necessary or appropriate
in furtherance of the purposes of the Act because the proposed rule
change merely updates the Fee Schedule to reflect that a product (i.e.,
XSP options) has been delisted and is designed to reduce any potential
confusion without having any impact on competition.
C. Self-Regulatory Organization's Statement on Comments on the Proposed
Rule Change Received From Members, Participants, or Others
The Exchange neither solicited nor received comments on the
proposed rule change.
III. Date of Effectiveness of the Proposed Rule Change and Timing for
Commission Action
The foregoing rule change has become effective pursuant to Section
19(b)(3)(A) of the Act \6\ and paragraph (f) of Rule 19b-4 \7\
thereunder. 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. If the Commission
takes such action, the Commission will institute proceedings to
determine whether the proposed rule change should be approved or
disapproved.
---------------------------------------------------------------------------
\6\ 15 U.S.C. 78s(b)(3)(A).
\7\ 17 CFR 240.19b-4(f).
---------------------------------------------------------------------------
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
Use the Commission's internet comment form (https://www.sec.gov/rules/sro.shtml); or
Send an email to [email protected]. Please include
File Number SR-CboeBZX-2022-014 on the subject line.
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-CboeBZX-2022-014.
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-CboeBZX-2022-014 and should
be submitted on or before April 4, 2022.
[[Page 14310]]
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\8\
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\8\ 17 CFR 200.30-3(a)(12).
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J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2022-05245 Filed 3-11-22; 8:45 am]
BILLING CODE 8011-01-P
