Self-Regulatory Organizations; Miami International Securities Exchange, LLC; Notice of Withdrawal of Proposed Rule Change To Amend the Fee Schedule To Modify Certain Connectivity Fees and Ports Fees, 71063 [2023-22504]
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Federal Register / Vol. 88, No. 197 / Friday, October 13, 2023 / Notices
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
a.m. and 3 p.m. Copies of such filing
also will be available for inspection and
copying at the principal office of
FINRA. Do not include personal
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you should submit only information
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withhold entirely from publication
submitted material that is obscene or
subject to copyright protection. All
submissions should refer to File
Number SR–FINRA–2023–013 and
should be submitted on or before
November 3, 2023.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.130
J. Lynn Taylor,
Assistant Secretary.
[FR Doc. 2023–22612 Filed 10–12–23; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–98690; File No. SR–MIAX–
2023–30]
Self-Regulatory Organizations; Miami
International Securities Exchange,
LLC; Notice of Withdrawal of Proposed
Rule Change To Amend the Fee
Schedule To Modify Certain
Connectivity Fees and Ports Fees
lotter on DSK11XQN23PROD with NOTICES1
October 5, 2023.
On August 8, 2023, Miami
International Securities Exchange, LLC
(‘‘MIAX’’ 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
130 17
1 15
CFR 200.30–3(a)(12).
U.S.C. 78s(b)(1).
VerDate Sep<11>2014
16:55 Oct 12, 2023
Jkt 262001
thereunder,2 a proposed rule change to
amend certain connectivity and port
fees.
The proposed rule change was
immediately effective upon filing with
the Commission pursuant to section
19(b)(3)(A) of the Act.3 The proposed
rule change was published for comment
in the Federal Register on August 25,
2023.4 On September 29, 2023, pursuant
to section 19(b)(3)(C) of the Act,5 the
Commission: (1) temporarily suspended
the proposed rule change; and (2)
instituted proceedings under section
19(b)(2)(B) of the Act 6 to determine
whether to approve or disapprove the
proposed rule change.7 On October 2,
2023, the Exchange withdrew the
proposed rule change (SR–MIAX–2023–
30).
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.8
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023–22504 Filed 10–12–23; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–98701; File No. SR–MEMX–
2023–27]
Self-Regulatory Organizations; MEMX
LLC; Notice of Filing and Immediate
Effectiveness of a Proposed Rule
Change To Amend the Exchange’s Fee
Schedule
October 6, 2023.
Pursuant to Section 19(b)(1) 1 of the
Securities Exchange Act of 1934 (the
‘‘Act’’) 2 and Rule 19b–4 thereunder,3
notice is hereby given that, on
September 29, 2023, MEMX LLC
(‘‘MEMX’’ 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 Exchange.
2 17
CFR 240.19b–4.
U.S.C. 78s(b)(3)(A). A proposed rule change
may take effect upon filing with the Commission if
it is designated by the exchange as ‘‘establishing or
changing a due, fee, or other charge imposed by the
self-regulatory organization on any person, whether
or not the person is a member of the self-regulatory
organization.’’ 15 U.S.C. 78s(b)(3)(A)(ii).
4 See Securities Exchange Act Release No. 98173
(August 21, 2023), 88 FR 58378.
5 15 U.S.C. 78s(b)(3)(C).
6 15 U.S.C. 78s(b)(2)(B).
7 See Securities Exchange Act Release No. 98657,
88 FR 68827 (October 4, 2023).
8 17 CFR 200.30–3(a)(12).
1 15 U.S.C. 78s(b)(1).
2 15 U.S.C. 78a.
3 17 CFR 240.19b–4.
3 15
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71063
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 is filing with the
Commission a proposed rule change to
amend the Exchange’s fee schedule
applicable to Members 4 (the ‘‘Fee
Schedule’’) pursuant to Exchange Rules
15.1(a) and (c). The Exchange proposes
to implement the changes to the Fee
Schedule pursuant to this proposal
immediately. The text of the proposed
rule change is provided in Exhibit 5.
II. Self-Regulatory Organization’s
Statement of the Purpose of, and the
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 the
Statutory Basis for, the Proposed Rule
Change
1. Purpose
The purpose of the proposed rule
change is to amend the Fee Schedule to
add clarifying language to the MEMX
Equities Liquidity Provision Tiers. The
Exchange notes that certain criteria of
Liquidity Provision Tier 4 5 (namely,
criteria (2)),6 will expire no later than
4 See
Exchange Rule 1.5(p).
pricing for Liquidity Provision Tier 4 is
referred to by the Exchange on the Fee Schedule
under the existing description ‘‘Added displayed
volume, Liquidity Provision Tier 4’’ with a Fee
Code of ‘‘B4’’, ‘‘D4’’ or ‘‘J4’’, as applicable, to be
provided by the Exchange on the monthly invoices
provided to Members.
6 This criteria provides that a Member may
qualify for Liquidity Provision Tier 4 by achieving
a Displayed ADAV that is equal to or greater than
0.02% of the TCV and a Step-Up Displayed ADAV
of the TCV from April 2023 that is equal to or
greater than 50% of the Member’s April 2023
Displayed ADAV of the TCV. As set forth on the
Fee Schedule, ‘‘Displayed ADAV’’ means ADAV
with respect to displayed orders. ‘‘ADAV’’ means
the average daily added volume calculated as the
number of shares added per day, which is
calculated on a monthly basis. ‘‘Step-Up Displayed
ADAV’’ means Displayed ADAV in the relevant
baseline month subtracted from current Displayed
ADAV. ‘‘TCV’’ is total consolidated volume
5 The
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[Federal Register Volume 88, Number 197 (Friday, October 13, 2023)]
[Notices]
[Page 71063]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-22504]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-98690; File No. SR-MIAX-2023-30]
Self-Regulatory Organizations; Miami International Securities
Exchange, LLC; Notice of Withdrawal of Proposed Rule Change To Amend
the Fee Schedule To Modify Certain Connectivity Fees and Ports Fees
October 5, 2023.
On August 8, 2023, Miami International Securities Exchange, LLC
(``MIAX'' 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 amend certain connectivity and
port fees.
---------------------------------------------------------------------------
\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
---------------------------------------------------------------------------
The proposed rule change was immediately effective upon filing with
the Commission pursuant to section 19(b)(3)(A) of the Act.\3\ The
proposed rule change was published for comment in the Federal Register
on August 25, 2023.\4\ On September 29, 2023, pursuant to section
19(b)(3)(C) of the Act,\5\ the Commission: (1) temporarily suspended
the proposed rule change; and (2) instituted proceedings under section
19(b)(2)(B) of the Act \6\ to determine whether to approve or
disapprove the proposed rule change.\7\ On October 2, 2023, the
Exchange withdrew the proposed rule change (SR-MIAX-2023-30).
---------------------------------------------------------------------------
\3\ 15 U.S.C. 78s(b)(3)(A). A proposed rule change may take
effect upon filing with the Commission if it is designated by the
exchange as ``establishing or changing a due, fee, or other charge
imposed by the self-regulatory organization on any person, whether
or not the person is a member of the self-regulatory organization.''
15 U.S.C. 78s(b)(3)(A)(ii).
\4\ See Securities Exchange Act Release No. 98173 (August 21,
2023), 88 FR 58378.
\5\ 15 U.S.C. 78s(b)(3)(C).
\6\ 15 U.S.C. 78s(b)(2)(B).
\7\ See Securities Exchange Act Release No. 98657, 88 FR 68827
(October 4, 2023).
\8\ 17 CFR 200.30-3(a)(12).
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\8\
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023-22504 Filed 10-12-23; 8:45 am]
BILLING CODE 8011-01-P
