Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Make Permanent the Operation of Its Program That Allows the Exchange To List P.M.-Settled Third Friday-of-the-Month S&P 500 Stock Index (“S&P 500”) Options (“SPX”) Series, 15476 [2023-05042]
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15476
Federal Register / Vol. 88, No. 48 / Monday, March 13, 2023 / Notices
that you wish to make available
publicly.
All submissions should refer to File
Number SR–FINRA–2023–002 and
should be submitted on or before April
3, 2023.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.18
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023–05041 Filed 3–10–23; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–97063; File No. SR–CBOE–
2023–005]
Self-Regulatory Organizations; Cboe
Exchange, Inc.; Notice of Designation
of a Longer Period for Commission
Action on a Proposed Rule Change To
Make Permanent the Operation of Its
Program That Allows the Exchange To
List P.M.-Settled Third Friday-of-theMonth S&P 500 Stock Index (‘‘S&P
500’’) Options (‘‘SPX’’) Series
ddrumheller on DSK120RN23PROD with NOTICES1
March 7, 2023.
On January 6, 2023, 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
make permanent the operation of its
pilot program that permits the Exchange
to list P.M.-settled third Friday-of-themonth SPX options. The proposed rule
change was published for comment in
the Federal Register on January 24,
2023.3
Section 19(b)(2) of the Act 4 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
CFR 200.30–3(a)(12).
U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
3 See Securities Exchange Act Release No. 96703
(January 18, 2023), 88 FR 4265.
4 15 U.S.C. 78s(b)(2).
publication of the notice for this
proposed rule change is March 10, 2023.
The Commission is extending this 45day time period. The Commission finds
that it is 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. Accordingly, the
Commission, pursuant to Section
19(b)(2) of the Act,5 designates April 24,
2023, as the date by which the
Commission shall either approve or
disapprove, or institute proceedings to
determine whether to disapprove, the
proposed rule change (File No. SR–
CBOE–2023–005).
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.6
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023–05042 Filed 3–10–23; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–97052; File No. SR–
NYSECHX–2023–09]
Self-Regulatory Organizations; NYSE
Chicago, Inc.; Notice of Filing of
Proposed Rule Change To Adopt New
NYSE Chicago Rule 29 To Establish
Listing Standards Related To Recovery
of Erroneously Awarded IncentiveBased Executive Compensation
March 7, 2023.
Pursuant to Section 19(b)(1) 1 of the
Securities Exchange Act of 1934
(‘‘Act’’) 2 and Rule 19b–4 thereunder,3
notice is hereby given that on February
22, 2023, NYSE Chicago, Inc. (‘‘NYSE
Chicago’’ or the ‘‘Exchange’’) 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 selfregulatory organization. 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
The Exchange proposes to adopt new
Rule 29 to require issuers to develop
and implement a policy providing for
the recovery of erroneously awarded
18 17
1 15
VerDate Sep<11>2014
19:32 Mar 10, 2023
Jkt 259001
6 17
CFR 200.30–3(a)(31).
U.S.C. 78s(b)(1).
2 15 U.S.C. 78a.
3 17 CFR 240.19b–4.
1 15
Frm 00108
Fmt 4703
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
On October 26, 2022, the Securities
and Exchange Commission (‘‘SEC’’)
adopted a new rule and rule
amendments 4 to implement Section 954
of the Dodd-Frank Wall Street Reform
and Consumer Protection Act of 2010
(‘‘Dodd-Frank Act’’),5 which added
Section 10D to the Act.6 In accordance
with Section 10D of the Act, the final
rules direct the national securities
exchanges and associations that list
securities to establish listing standards
that require each issuer to develop and
implement a policy providing for the
recovery, in the event of a required
accounting restatement, of incentivebased compensation received by current
or former executive officers where that
compensation is based on the
erroneously reported financial
information. The listing standards must
also require the disclosure of the policy.
Additionally, the final rules require a
listed issuer to file the policy as an
exhibit to its annual report and to
include other disclosures in the event a
recovery analysis is triggered under the
policy.
Specifically, the rule amendments the
SEC adopted pursuant to Section 10D of
the Act 7 require specific disclosure of
the listed issuer’s policy on recovery of
4 See Release Nos. 33–11126; 34–96159; IC–
34732; File No. S7–12–15; 87 FR 73076 (November
28, 2022).
5 2 Public Law 111–203, 124 Stat. 1900 (2010).
6 15 U.S.C. 78j–4.
7 See footnote 5 supra.
5 Id.
PO 00000
incentive-based compensation received
by current or former executive officers.
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.
Sfmt 4703
E:\FR\FM\13MRN1.SGM
13MRN1
]]>Agencies
[Federal Register Volume 88, Number 48 (Monday, March 13, 2023)]
[Notices]
[Page 15476]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-05042]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-97063; File No. SR-CBOE-2023-005]
Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of
Designation of a Longer Period for Commission Action on a Proposed Rule
Change To Make Permanent the Operation of Its Program That Allows the
Exchange To List P.M.-Settled Third Friday-of-the-Month S&P 500 Stock
Index (``S&P 500'') Options (``SPX'') Series
March 7, 2023.
On January 6, 2023, 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 make permanent
the operation of its pilot program that permits the Exchange to list
P.M.-settled third Friday-of-the-month SPX options. The proposed rule
change was published for comment in the Federal Register on January 24,
2023.\3\
---------------------------------------------------------------------------
\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
\3\ See Securities Exchange Act Release No. 96703 (January 18,
2023), 88 FR 4265.
---------------------------------------------------------------------------
Section 19(b)(2) of the Act \4\ 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 March 10, 2023.
---------------------------------------------------------------------------
\4\ 15 U.S.C. 78s(b)(2).
---------------------------------------------------------------------------
The Commission is extending this 45-day time period. The Commission
finds that it is 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. Accordingly, the Commission,
pursuant to Section 19(b)(2) of the Act,\5\ designates April 24, 2023,
as the date by which the Commission shall either approve or disapprove,
or institute proceedings to determine whether to disapprove, the
proposed rule change (File No. SR-CBOE-2023-005).
---------------------------------------------------------------------------
\5\ Id.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\6\
---------------------------------------------------------------------------
\6\ 17 CFR 200.30-3(a)(31).
---------------------------------------------------------------------------
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023-05042 Filed 3-10-23; 8:45 am]
BILLING CODE 8011-01-P
