Self-Regulatory Organizations; Miami International Securities Exchange LLC; Notice of Designation of Longer Period for Commission Action on a Proposed Rule Change To Amend Exchange Rule 307, Position Limits, 67834-67835 [2023-21629]
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Federal Register / Vol. 88, No. 189 / Monday, October 2, 2023 / Notices
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.32
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023–21626 Filed 9–29–23; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–98536; File No. SR–ICEEU–
2023–011]
Self-Regulatory Organizations; ICE
Clear Europe Limited; Notice of
Designation of Longer Period for
Commission Action on Proposed Rule
Change, as Modified by Amendment
No. 1, Relating to Amendments to the
Wind Down Framework and Plan
September 26, 2023.
On August 11, 2023, ICE Clear Europe
Limited (‘‘ICE Clear Europe’’) filed with
the Securities and Exchange
Commission (‘‘Commission’’) the
proposed rule change SR–ICEEU–2023–
011 pursuant to Section 19(b) of the
Securities Exchange Act of 1934
(‘‘Exchange Act’’) 1 and Rule 19b–4 2
thereunder to amend its Wind Down
Framework and Plan to make certain
updates and enhancements.3 On August
22, 2023, ICE Clear Europe filed
Amendment No. 1 to the proposed rule
change to make certain changes to the
Exhibits 5.4 The proposed rule change,
as modified by Amendment No. 1
(hereafter ‘‘the Proposed Rule Change’’),
was published for public comment in
the Federal Register on August 30,
2023.5 The Commission has not
received comments regarding the
proposal described in the Proposed Rule
change.
Section 19(b)(2) of the Exchange Act 6
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
lotter on DSK11XQN23PROD with NOTICES1
32 17
CFR 200.30–3(a)(12).
1 15 U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
3 See Notice of Filing infra note 5, 88 FR 60001.
4 Amendment No. 1 updates the Exhibit 5 to
correct the presentation of three of the proposed
changes to the Wind Down Framework and Plan
that were filed with the Commission on August 11,
2023. The proposed rule change includes an Exhibit
4. Exhibit 4 shows the change that Amendment No.
1 makes to the Exhibit 5.
5 Self-Regulatory Organizations; ICE Clear Europe
Limited; Notice of Filing of Proposed Rule Change,
as Modified by Amendment No. 1, Relating to
Amendments to the Wind Down Framework and
Plan, Exchange Act Release No. 34–98217 (August
24, 2023); 88 FR 60001 (August 30, 2023) (SR–
ICEEU–2023–011) (‘‘Notice’’).
6 15 U.S.C. 78s(b)(2).
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18:41 Sep 29, 2023
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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 of
Filing is October 14, 2023. The
Commission is extending this 45-day
time period.
In order to provide the Commission
with sufficient time to consider the
Proposed Rule Change, the Commission
finds that it is appropriate to designate
a longer period within which to take
action on the Proposed Rule Change.
Accordingly, the Commission,
pursuant to Section 19(b)(2) of the
Exchange Act,7 designates November
28, 2023, as the date by which the
Commission shall either approve,
disapprove, or institute proceedings to
determine whether to disapprove
proposed rule change SR–ICEEU–2023–
011.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.8
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023–21621 Filed 9–29–23; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–98541; File No. SR–MIAX–
2023–19]
Self-Regulatory Organizations; Miami
International Securities Exchange LLC;
Notice of Designation of Longer Period
for Commission Action on a Proposed
Rule Change To Amend Exchange
Rule 307, Position Limits
September 26, 2023.
On April 21, 2023, Miami
International Securities Exchange LLC
(‘‘MIAX’’ or ‘‘Exchange’’) filed with the
Securities and Exchange Commission
(the ‘‘Commission’’), pursuant to
Section 19(b)(1) of the Securities
Exchange Act of 1934 (the ‘‘Act’’),1 and
Rule 19b–4 thereunder,2 a proposed rule
change to amend Exchange Rule 307,
Position Limits, to establish a process
for adjusting option position limits
following a stock split or reverse stock
split in the underlying security. The
proposed rule change was published for
7 Id.
8 17
CFR 200.30–3(a)(31).
U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
1 15
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comment in the Federal Register on
May 8, 2023.3 On June 14, 2023,
pursuant to Section 19(b)(2) of the Act,4
the Commission designated a longer
period within which to approve the
proposed rule change, disapprove the
proposed rule change, or institute
proceedings to determine whether to
approve or disapprove the proposed
rule change.5 The Commission has
received one comment regarding the
proposal.6 On August 2, 2023, the
Commission instituted proceedings
under Section 19(b)(2)(B) of the Act 7 to
determine whether to approve or
disapprove the proposed rule change.8
Section 19(b)(2) of the Act 9 provides
that, after initiating disapproval
proceedings, the Commission shall issue
an order approving or disapproving the
proposed rule change not later than 180
days after the date of publication of
notice of filing of the proposed rule
change. The Commission may extend
the period for issuing an order
approving or disapproving the proposed
rule change, however, by not more than
60 days if the Commission determines
that a longer period is appropriate and
publishes the reasons for such
determination. The proposed rule
change was published for comment in
the Federal Register on May 8, 2023.10
The 180th day after the date of the
publication of the proposed rule is
November 4, 2023. The Commission is
extending the time period for approving
or disapproving the proposed rule
change for an additional 60 days.
The Commission finds that it is
appropriate to designate a longer period
within which to issue an order
approving or disapproving the proposed
rule change so that it has sufficient time
to consider the proposed rule change
and the issues raised therein, as well as
the comment received. Accordingly, the
Commission, pursuant to Section
19(b)(2) of the Act,11 designates January
3, 2024, as the date by which the
Commission shall either approve or
3 See Securities Exchange Act Release No. 97421
(May 2, 2023), 88 FR 29725 (May 8, 2023).
4 15 U.S.C. 78s(b)(2).
5 See Securities Exchange Act Release No. 97727
(June 14, 2023), 88 FR 40366 (June 21, 2023). The
Commission designated August 6, 2023, as the date
by which the Commission shall approve or
disapprove, or institute proceedings to determine
whether to approve or disapprove, the proposed
rule change.
6 See letter from Ellen Greene, Managing Director,
Equities & Options Market Structure, SIFMA, to
Vanessa Countryman, Secretary, Commission, dated
July 5, 2023 (‘‘SIFMA Letter’’).
7 15 U.S.C. 78s(b)(2)(B).
8 See Securities Exchange Act Release No. 98045
(August 2, 2023), 88 FR 53555 (August 8, 2023).
9 15 U.S.C. 78s(b)(2).
10 See supra note 3.
11 15 U.S.C. 78s(b)(2).
E:\FR\FM\02OCN1.SGM
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Federal Register / Vol. 88, No. 189 / Monday, October 2, 2023 / Notices
disapprove the proposed rule change
(File No. SR–MIAX–2023–19).
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.12
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023–21629 Filed 9–29–23; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–98535; File No. SR–
PEARL–2023–47]
Self-Regulatory Organizations; MIAX
PEARL, LLC; Notice of Filing and
Immediate Effectiveness of a Proposed
Rule Change by MIAX PEARL, LLC To
Renumber the MIAX Pearl Equities
Rulebook
September 26, 2023.
Pursuant to Section 19(b)(1) of the
Securities Exchange Act of
1934(‘‘Act’’),1 and Rule 19b–4
thereunder,2 notice is hereby given that
on September 22, 2023, MIAX PEARL,
LLC (‘‘MIAX Pearl’’ or ‘‘Exchange’’)
filed with the Securities and Exchange
Commission (‘‘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.
lotter on DSK11XQN23PROD with NOTICES1
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
The Exchange is filing a proposal to
amend Exchange Rule 2614, Orders and
Order Instructions, Rule 2615, Opening
Process for Equity Securities, Rule 2616,
Priority of Orders, Rule 2617, Order
Execution and Routing, Rule 2622,
Limit Up-Limit Down Plan and Trading
Halts, and Rule 2623, Short Sales, to
make minor, non-substantive edits and
clarifying changes to the rule text
applicable to MIAX Pearl Equities
(‘‘MIAX Pearl Equities’’),3 an equities
trading facility of the Exchange.
The text of the proposed rule change
is available on the Exchange’s website at
https://www.miaxglobal.com/markets/
us-equities/pearl-equities/rule-filings, at
MIAX Pearl’s principal office, and at the
Commission’s Public Reference Room.
12 17
CFR 200.30–3(a)(57).
U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
3 The term ‘‘MIAX Pearl Equities’’ shall mean
MIAX Pearl Equities, a facility of MIAX PEARL,
LLC. See Exchange Rule 1901.
1 15
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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.
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 the
hierarchical headings in Exchange Rule
2614 as follows: subparagraphs
(a)(1)(A)–(J) will be renumbered as
(a)(1)(i)–(x); subparagraph (a)(1)(A)(i)
will be renumbered as (a)(1)(i)(A);
subparagraphs (a)(1)(E)(i)–(ii) will be
renumbered as (a)(1)(v)(A)–(B);
subparagraphs (a)(1)(I)(i)–(iv) will be
renumbered as (a)(1)(ix)(A)–(D);
subparagraphs (a)(1)(I)(i)(a)–(c) will be
renumbered as (a)(1)(ix)(A)1.–3.;
subparagraphs (a)(2)(A)–(F) will be
renumbered as (a)(2)(i)–(vi);
subparagraphs (a)(3)(A)–(E) will be
renumbered as (a)(3)(i)–(v);
subparagraphs (a)(3)(A)(i)–(ii) will be
renumbered as (a)(3)(i)(A)–(B);
subparagraphs (a)(3)(A)(i)(a)–(b) will be
renumbered as (a)(3)(i)(A)1.–2.;
subparagraphs (a)(3)(A)(ii)(a)–(h) will be
renumbered as (a)(3)(i)(B)1.–8.;
subparagraphs (c)(2)(A)–(B) will be
renumbered as (c)(2)(i)–(ii);
subparagraphs (c)(2)(A)(i)–(ii) will be
renumbered as (c)(2)(i)(A)–(B);
subparagraphs (c)(7)(A)–(D) will be
renumbered as (c)(7)(i)–(iv);
subparagraph (c)(7)(A)(i) will be
renumbered as (c)(7)(i)(A);
subparagraphs (c)(7)(B)(i)–(iv) will be
renumbered as (c)(7)(ii)(A)–(D); and
subparagraphs (c)(7)(B)(i)(1)–(2) will be
renumbered as (c)(7)(ii)(A)1.–2.;
subparagraphs (c)(7)(B)(iii)(1)–(2) will
be renumbered as (c)(7)(ii)(C)1.–2.;
subparagraphs (c)(7)(C)(i)–(ii) will be
renumbered as (c)(7)(iii)(A)–(B);
subparagraphs (c)(8)(A)–(D) will be
renumbered as (c)(8)(i)–(iv);
subparagraphs (c)(8)(A)(i)–(iii) will be
renumbered as (c)(8)(i)(A)–(C);
subparagraphs (c)(8)(A)(i)(1)–(2) will be
renumbered as (c)(8)(i)(A)1.–2.;
subparagraphs (c)(8)(B)(i)–(ii) will be
renumbered as (c)(8)(ii)(A)–(B);
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67835
subparagraphs (d)(1)(A)–(B) will be
renumbered as (d)(1)(i)–(ii);
subparagraphs (g)(1)(A)–(E) will be
renumbered as (g)(1)(i)–(v); and
subparagraphs (g)(3)(A)–(E) will be
renumbered as (g)(3)(i)–(v).
The Exchange proposes to amend the
hierarchical headings in Exchange Rule
2615 as follows: subparagraphs
(e)(1)(A)–(B) will be renumbered as
(e)(1)(i)–(ii).
The Exchange proposes to amend the
hierarchical headings in Exchange Rule
2616 as follows: subparagraphs
(a)(2)(A)–(B) will be renumbered as
(a)(2)(i)–(ii); subparagraphs (a)(2)(A)(i)–
(ii) will be renumbered as (a)(2)(i)(A)–
(B); subparagraph (a)(2)(B)(i) will be
renumbered as (a)(2)(ii)(A);
subparagraphs (a)(3)(A)–(B) will be
renumbered as (a)(3)(i)–(ii); and
subparagraphs (a)(3)(A)(i)–(ii) will be
renumbered as (a)(3)(i)(A)–(B).
The Exchange proposes to amend the
hierarchical headings in Exchange Rule
2622 as follows: subparagraphs
(e)(1)(A)–(D) will be renumbered as
(e)(1)(i)–(iv); subparagraphs (h)(1)(A)–
(M) will be renumbered as (h)(1)(i)–
(xiii); subparagraphs (h)(1)(A)(i)–(iv)
will be renumbered as (h)(1)(i)(A)–(D);
subparagraphs (h)(2)(A)–(B) will be
renumbered as (h)(2)(i)–(ii);
subparagraphs (h)(2)(A)(i)–(iii) will be
renumbered as (h)(2)(i)(A)–(C);
subparagraphs (h)(2)(A)(i)(a)–(e) will be
renumbered as (h)(2)(i)(A)1.–5.;
subparagraphs (h)(2)(A)(i)(a)1.–2. will
be renumbered as (h)(2)(i)(A)1.a.–b.;
subparagraphs (h)(2)(A)(i)(e)1.–4. will
be renumbered as (h)(2)(i)(A)5.a.–d.;
subparagraph (h)(2)(A)(iii)(a) will be
renumbered as (h)(2)(i)(C)1.;
subparagraphs (h)(2)(A)(iii)(a)1.–3. will
be renumbered as (h)(2)(i)(C)1.a.–c.;
subparagraphs (h)(2)(B)(i)–(iii) will be
renumbered as (h)(2)(ii)(A)–(C);
subparagraph (h)(2)(B)(i)(a) will be
renumbered as (h)(2)(ii)(A)1.;
subparagraph (h)(2)(B)(ii)(a) will be
renumbered as (h)(2)(ii)(B)1.;
subparagraphs (h)(3)(A)–(C) will be
renumbered as (h)(3)(i)–(iii);
subparagraphs (h)(3)(A)(i)–(ii) will be
renumbered as (h)(3)(i)(A)–(B); and
subparagraphs (h)(3)(C)(i)–(iii) will be
renumbered as (h)(3)(iii)(A)–(C).
Next, the Exchange proposes to
amend proposed renumbered
subparagraph (a)(1)(vi) of Exchange Rule
2614 to replace certain internal cross
references to another subparagraph of
Exchange Rule 2614 in light of the
proposed hierarchical heading changes
described above. In particular, the
Exchange proposes to amend the cross
references contained in proposed
renumbered Exchange Rule
2614(a)(1)(vi), that are to subparagraph
E:\FR\FM\02OCN1.SGM
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]]>Agencies
[Federal Register Volume 88, Number 189 (Monday, October 2, 2023)]
[Notices]
[Pages 67834-67835]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-21629]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-98541; File No. SR-MIAX-2023-19]
Self-Regulatory Organizations; Miami International Securities
Exchange LLC; Notice of Designation of Longer Period for Commission
Action on a Proposed Rule Change To Amend Exchange Rule 307, Position
Limits
September 26, 2023.
On April 21, 2023, Miami International Securities Exchange LLC
(``MIAX'' or ``Exchange'') filed with the Securities and Exchange
Commission (the ``Commission''), pursuant to Section 19(b)(1) of the
Securities Exchange Act of 1934 (the ``Act''),\1\ and Rule 19b-4
thereunder,\2\ a proposed rule change to amend Exchange Rule 307,
Position Limits, to establish a process for adjusting option position
limits following a stock split or reverse stock split in the underlying
security. The proposed rule change was published for comment in the
Federal Register on May 8, 2023.\3\ On June 14, 2023, pursuant to
Section 19(b)(2) of the Act,\4\ the Commission designated a longer
period within which to approve the proposed rule change, disapprove the
proposed rule change, or institute proceedings to determine whether to
approve or disapprove the proposed rule change.\5\ The Commission has
received one comment regarding the proposal.\6\ On August 2, 2023, the
Commission instituted proceedings under Section 19(b)(2)(B) of the Act
\7\ to determine whether to approve or disapprove the proposed rule
change.\8\
---------------------------------------------------------------------------
\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
\3\ See Securities Exchange Act Release No. 97421 (May 2, 2023),
88 FR 29725 (May 8, 2023).
\4\ 15 U.S.C. 78s(b)(2).
\5\ See Securities Exchange Act Release No. 97727 (June 14,
2023), 88 FR 40366 (June 21, 2023). The Commission designated August
6, 2023, as the date by which the Commission shall approve or
disapprove, or institute proceedings to determine whether to approve
or disapprove, the proposed rule change.
\6\ See letter from Ellen Greene, Managing Director, Equities &
Options Market Structure, SIFMA, to Vanessa Countryman, Secretary,
Commission, dated July 5, 2023 (``SIFMA Letter'').
\7\ 15 U.S.C. 78s(b)(2)(B).
\8\ See Securities Exchange Act Release No. 98045 (August 2,
2023), 88 FR 53555 (August 8, 2023).
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Section 19(b)(2) of the Act \9\ provides that, after initiating
disapproval proceedings, the Commission shall issue an order approving
or disapproving the proposed rule change not later than 180 days after
the date of publication of notice of filing of the proposed rule
change. The Commission may extend the period for issuing an order
approving or disapproving the proposed rule change, however, by not
more than 60 days if the Commission determines that a longer period is
appropriate and publishes the reasons for such determination. The
proposed rule change was published for comment in the Federal Register
on May 8, 2023.\10\ The 180th day after the date of the publication of
the proposed rule is November 4, 2023. The Commission is extending the
time period for approving or disapproving the proposed rule change for
an additional 60 days.
---------------------------------------------------------------------------
\9\ 15 U.S.C. 78s(b)(2).
\10\ See supra note 3.
---------------------------------------------------------------------------
The Commission finds that it is appropriate to designate a longer
period within which to issue an order approving or disapproving the
proposed rule change so that it has sufficient time to consider the
proposed rule change and the issues raised therein, as well as the
comment received. Accordingly, the Commission, pursuant to Section
19(b)(2) of the Act,\11\ designates January 3, 2024, as the date by
which the Commission shall either approve or
[[Page 67835]]
disapprove the proposed rule change (File No. SR-MIAX-2023-19).
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\11\ 15 U.S.C. 78s(b)(2).
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\12\
---------------------------------------------------------------------------
\12\ 17 CFR 200.30-3(a)(57).
---------------------------------------------------------------------------
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023-21629 Filed 9-29-23; 8:45 am]
BILLING CODE 8011-01-P
