Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Withdrawal of a Proposed Rule Change To List and Trade Shares of the Global X Bitcoin Trust Under BZX Rule 14.11(e)(4), Commodity-Based Trust Shares, 7759 [2024-02157]

Download as PDF Federal Register / Vol. 89, No. 24 / Monday, February 5, 2024 / Notices Institution and settlement of administrative proceedings; Resolution of litigation claims; and Other matters relating to examinations and enforcement proceedings. At times, changes in Commission priorities require alterations in the scheduling of meeting agenda items that may consist of adjudicatory, examination, litigation, or regulatory matters. CONTACT PERSON FOR MORE INFORMATION: For further information; please contact Vanessa A. Countryman from the Office of the Secretary at (202) 551–5400. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.7 Sherry R. Haywood, Assistant Secretary. [FR Doc. 2024–02157 Filed 2–2–24; 8:45 am] BILLING CODE 8011–01–P (Authority: 5 U.S.C. 552b.) SECURITIES AND EXCHANGE COMMISSION Dated: February 1, 2024. Vanessa A. Countryman, Secretary. [Release No. 34–99450; File No. SR–Phlx– 2024–02] [FR Doc. 2024–02325 Filed 2–1–24; 4:15 pm] Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Options 7, Section 9 BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION January 30, 2024. [Release No. 34–99445; File No. SR– CboeBZX–2023–058] Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Withdrawal of a Proposed Rule Change To List and Trade Shares of the Global X Bitcoin Trust Under BZX Rule 14.11(e)(4), Commodity-Based Trust Shares January 30, 2024. On August 4, 2023, Cboe BZX Exchange, Inc. (‘‘BZX’’ 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 list and trade shares of the Global X Bitcoin Trust under BZX Rule 14.11(e)(4), Commodity-Based Trust Shares. The proposed rule change was published for comment in the Federal Register on August 23, 2023.3 On September 26, 2023, the Commission designated a longer period for Commission action on the proposed rule change.4 On November 17, 2023, the Commission instituted proceedings under section 19(b)(2)(B) of the Act 5 to 1 15 lotter on DSK11XQN23PROD with NOTICES1 determine whether to approve or disapprove the proposed rule change.6 On January 26, 2024, the Exchange withdrew the proposed rule change (File No. SR–CboeBZX–2023–058). U.S.C. 78s(b)(1). CFR 240.19b–4. 3 See Securities Exchange Act Release No. 98156 (Aug. 17, 2023), 88 FR 57490. Comments on the proposed rule change are available at: https:// www.sec.gov/comments/sr-cboebzx-2023-058/ srcboebzx2023058.htm. 4 See Securities Exchange Act Release No. 98531, 88 FR 67829 (Oct. 2, 2023). 5 15 U.S.C. 78s(b)(2)(B). 2 17 VerDate Sep<11>2014 17:56 Feb 02, 2024 Jkt 262001 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 January 16, 2024, Nasdaq PHLX LLC (‘‘Phlx’’ or ‘‘Exchange’’) filed with the Securities and Exchange Commission (‘‘SEC’’ or ‘‘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 The Exchange proposes to amend its Rules at Options 7, Section 9, Other Member Fees.3 The text of the proposed rule change is available on the Exchange’s website at https://listingcenter.nasdaq.com/ rulebook/phlx/rules, at the principal office of the Exchange, and at the Commission’s Public Reference Room. 6 See Securities Exchange Act Release No. 98981, 88 FR 82439 (Nov. 24, 2023). 7 17 CFR 200.30–3(a)(12). 1 15 U.S.C. 78s(b)(1). 2 17 CFR 240.19b–4. 3 The Exchange initially filed the proposed pricing changes on November 28, 2023 (SR–Phlx– 2023–52) to be effective on December 1, 2023. On December 5, 2023, the Exchange withdrew SR– Phlx–2023–52 and replaced it with SR–Phlx–2023– 56. On January 16, 2023, the Exchange withdrew SR–Phlx–2023–56 and submitted this filing. PO 00000 Frm 00078 Fmt 4703 Sfmt 4703 7759 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 Options 7, Section 9, B, Port Fees, to increase the SQF Port 4 Fee cap. Today, Phlx assesses $1,250 per port, per month up to a maximum of $42,000 per month for an SQF Port that receives inbound quotes at any time within that month.5 Today, member organizations are not assessed an active SQF Port Fee for additional ports acquired for ten business days for the purpose of transitioning technology.6 The Exchange proposes to add the words ‘‘active port’’ in parenthesis at the end of the description of SQF Port Fee to tie the 4 ‘‘Specialized Quote Feed’’ or ‘‘SQF’’ is an interface that allows Lead Market Makers, Streaming Quote Traders (‘‘SQTs’’) and Remote Streaming Quote Traders (‘‘RSQTs’’) to connect, send, and receive messages related to quotes, Immediate-or-Cancel Orders, and auction responses into and from the Exchange. Features include the following: (1) options symbol directory messages (e.g., underlying and complex instruments); (2) system event messages (e.g., start of trading hours messages and start of opening); (3) trading action messages (e.g., halts and resumes); (4) execution messages; (5) quote messages; (6) Immediate-orCancel Order messages; (7) risk protection triggers and purge notifications; (8) opening imbalance messages; (9) auction notifications; and (10) auction responses. The SQF Purge Interface only receives and notifies of purge requests from the Lead Market Maker, SQT or RSQT. Lead Market Makers, SQTs and RSQTs may only enter interest into SQF in their assigned options series. Immediate-or-Cancel Orders entered into SQF are not subject to the Order Price Protection, the Market Order Spread Protection, or Size Limitation in Options 3, Section 15(a)(1), (a)(2) and (b)(2), respectively. See Options 3, Section 7(a)(i)(B). 5 An active port shall mean that the port was utilized to submit a quote to the System during a given month. See Options 7, Section 9, B. 6 The member organization is required to provide the Exchange with written notification of the transition and all additional ports, provided at no cost, will be removed at the end of the ten business days. See Options 7, Section 9, B. E:\FR\FM\05FEN1.SGM 05FEN1

Agencies

[Federal Register Volume 89, Number 24 (Monday, February 5, 2024)]
[Notices]
[Page 7759]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-02157]


-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-99445; File No. SR-CboeBZX-2023-058]


Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of 
Withdrawal of a Proposed Rule Change To List and Trade Shares of the 
Global X Bitcoin Trust Under BZX Rule 14.11(e)(4), Commodity-Based 
Trust Shares

January 30, 2024.
    On August 4, 2023, Cboe BZX Exchange, Inc. (``BZX'' 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 list and trade shares of the Global X Bitcoin 
Trust under BZX Rule 14.11(e)(4), Commodity-Based Trust Shares. The 
proposed rule change was published for comment in the Federal Register 
on August 23, 2023.\3\ On September 26, 2023, the Commission designated 
a longer period for Commission action on the proposed rule change.\4\ 
On November 17, 2023, the Commission instituted proceedings under 
section 19(b)(2)(B) of the Act \5\ to determine whether to approve or 
disapprove the proposed rule change.\6\
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ See Securities Exchange Act Release No. 98156 (Aug. 17, 
2023), 88 FR 57490. Comments on the proposed rule change are 
available at: https://www.sec.gov/comments/sr-cboebzx-2023-058/srcboebzx2023058.htm.
    \4\ See Securities Exchange Act Release No. 98531, 88 FR 67829 
(Oct. 2, 2023).
    \5\ 15 U.S.C. 78s(b)(2)(B).
    \6\ See Securities Exchange Act Release No. 98981, 88 FR 82439 
(Nov. 24, 2023).
---------------------------------------------------------------------------

    On January 26, 2024, the Exchange withdrew the proposed rule change 
(File No. SR-CboeBZX-2023-058).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\7\
---------------------------------------------------------------------------

    \7\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------

Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2024-02157 Filed 2-2-24; 8:45 am]
BILLING CODE 8011-01-P
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.