Self-Regulatory Organizations; 24X National Exchange LLC; Notice of Filing of Application for Registration as a National Securities Exchange Under Section 6 of the Securities Exchange Act of 1934, 15621-15622 [2024-04427]

Download as PDF Federal Register / Vol. 89, No. 43 / Monday, March 4, 2024 / Notices agreement from the Market Dominant or the Competitive product list, or the modification of an existing product currently appearing on the Market Dominant or the Competitive product list. Section II identifies the docket number(s) associated with each Postal Service request, the title of each Postal Service request, the request’s acceptance date, and the authority cited by the Postal Service for each request. For each request, the Commission appoints an officer of the Commission to represent the interests of the general public in the proceeding, pursuant to 39 U.S.C. 505 (Public Representative). Section II also establishes comment deadline(s) pertaining to each request. The public portions of the Postal Service’s request(s) can be accessed via the Commission’s website (https:// www.prc.gov). Non-public portions of the Postal Service’s request(s), if any, can be accessed through compliance with the requirements of 39 CFR 3011.301.1 The Commission invites comments on whether the Postal Service’s request(s) in the captioned docket(s) are consistent with the policies of title 39. For request(s) that the Postal Service states concern Market Dominant product(s), applicable statutory and regulatory requirements include 39 U.S.C. 3622, 39 U.S.C. 3642, 39 CFR part 3030, and 39 CFR part 3040, subpart B. For request(s) that the Postal Service states concern Competitive product(s), applicable statutory and regulatory requirements include 39 U.S.C. 3632, 39 U.S.C. 3633, 39 U.S.C. 3642, 39 CFR part 3035, and 39 CFR part 3040, subpart B. Comment deadline(s) for each request appear in section II. khammond on DSKJM1Z7X2PROD with NOTICES II. Docketed Proceeding(s) 1. Docket No(s).: MC2024–195 and CP2024–201; Filing Title: USPS Request to Add Priority Mail & USPS Ground Advantage Contract 193 to Competitive Product List and Notice of Filing Materials Under Seal; Filing Acceptance Date: February 26, 2024; Filing Authority: 39 U.S.C. 3642, 39 CFR 3040.130 through 3040.135, and 39 CFR 3035.105; Public Representative: Christopher C. Mohr; Comments Due: March 5, 2024. This Notice will be published in the Federal Register. Erica A. Barker, Secretary. [FR Doc. 2024–04410 Filed 3–1–24; 8:45 am] BILLING CODE 7710–FW–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–99610; File No. SR– CboeBYX–2023–020] Self-Regulatory Organizations; Cboe BYX Exchange, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Modify Rule 11.24 To Introduce an Enhanced RPI Order and Expand Its Retail Price Improvement Program To Include Securities Priced Below $1.00 February 27, 2024. On December 27, 2023, Cboe BYX Exchange, Inc. (‘‘BYX’’ or the ‘‘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 modify Rule 11.24 to introduce an Enhanced RPI Order and expand its Retail Price Improvement program to include securities priced below $1.00. The proposed rule change was published for comment in the Federal Register on January 17, 2024.3 The Commission has received no comments on the proposed rule change. 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 (i) as the Commission may designate if it finds such longer period to be appropriate and publishes its reasons for so finding or (ii) 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 2, 2024. The Commission is extending this 45day time period. The Commission finds that it is appropriate to designate a longer period 1 15 1 See Docket No. RM2018–3, Order Adopting Final Rules Relating to Non-Public Information, June 27, 2018, Attachment A at 19–22 (Order No. 4679). VerDate Sep<11>2014 17:45 Mar 01, 2024 Jkt 262001 U.S.C. 78s(b)(1). CFR 240.19b–4. 3 See Securities Exchange Act Release No. 99311 (Jan. 10, 2024), 89 FR 2993. 4 15 U.S.C. 78s(b)(2). 2 17 PO 00000 Frm 00081 Fmt 4703 Sfmt 4703 15621 within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised therein. Accordingly, pursuant to section 19(b)(2) of the Act,5 the Commission designates April 16, 2024, 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–CboeBYX– 2023–020). For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.6 Sherry R. Haywood, Assistant Secretary. [FR Doc. 2024–04426 Filed 3–1–24; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–99614; File No. 10–242] Self-Regulatory Organizations; 24X National Exchange LLC; Notice of Filing of Application for Registration as a National Securities Exchange Under Section 6 of the Securities Exchange Act of 1934 February 27, 2024. On February 6, 2024, 24X National Exchange LLC (‘‘24X’’ or ‘‘Applicant’’) submitted to the Securities and Exchange Commission (‘‘Commission’’) a Form 1 application under the Securities Exchange Act of 1934 (‘‘Exchange Act’’), seeking registration as a national securities exchange under Section 6 of the Exchange Act.1 The Applicant’s Form 1 application provides detailed information on how 24X proposes to satisfy the requirements of the Exchange Act. The Commission is publishing this notice to solicit comments on 24X’s Form 1 application. The Commission will take any comments it receives into consideration in making its determination about whether to grant 24X’s request to be registered as a national securities exchange. The Commission will grant the registration if it finds that the requirements of the Exchange Act and the rules and 5 Id. 6 17 CFR 200.30–3(a)(31). U.S.C. 78f. 24X filed a Form 1 application on Mar. 25, 2022. See Securities Exchange Act Release No. 95007 (May 31, 2022), 87 FR 34333 (June 6, 2022) (‘‘2022 Form 1 Application’’). 24X withdrew the 2022 Form 1 Application on Feb. 16, 2023. See Securities Exchange Act Release No. 97043 (Mar. 3, 2023), 88 FR 14663 (Mar. 9, 2023). 1 15 E:\FR\FM\04MRN1.SGM 04MRN1 khammond on DSKJM1Z7X2PROD with NOTICES 15622 Federal Register / Vol. 89, No. 43 / Monday, March 4, 2024 / Notices regulations thereunder with respect to 24X are satisfied.2 24X’s Form 1 application states that 24X would be wholly owned by its parent company, 24X US Holdings LLC (‘‘US Holdings’’), which in turn is wholly owned by 24X Bermuda Holdings LLC (‘‘Bermuda Holdings’’). The Form 1 application provides that 24X would operate a fully automated electronic trading platform for the trading of listed equities and would not maintain a physical trading floor. One novel feature of 24X’s Form 1 application is that 24X proposes to enter into an agreement with MEMX Technologies, LLC to license the technology underlying 24X.3 The Form 1 application provides that liquidity would be derived from quotes as well as orders to buy and orders to sell submitted to 24X electronically by 24X members from remote locations. 24X proposes to have one class of membership open to registered brokerdealers. Another novel feature of 24X’s proposed trading rules is that 24X intends to allow equities trading 24 hours a day, 7 days per week, 365 days a year.4 24X has proposed specific rules to govern trading outside of regular trading hours.5 A more detailed description of the manner of operation of 24X’s proposed system can be found in Exhibit E to 24X’s Form 1 application. The proposed rulebook for the proposed exchange can be found in Exhibit B to 24X’s Form 1 application, and the governing documents for 24X, US Holdings and Bermuda Holdings can be found in Exhibit A and Exhibit C to 24X’s Form 1 application. A listing of the officers and directors of 24X can be found in Exhibit J to 24X’s Form 1 application. A complete set of forms concerning membership and access can be found in Exhibit F to 24X’s Form 1 application. 24X’s Form 1 application, including all of the Exhibits referenced above, is available online at www.sec.gov/rules/ other.shtml as well as in the Commission’s Public Reference Room. Interested persons are invited to submit written data, views, and arguments concerning 24X’s Form 1 application, including whether the application is consistent with the Exchange Act. Comments may be submitted by any of the following methods: 2 15 U.S.C. 78s(a). Exhibits C and E to 24X’s Form 1 application. 4 See proposed 24X Rule 11.1 (describing the hours of trading and trading days for 24X). 5 For example, see proposed 24X Rule 11.16 (describing what orders are eligible for execution outside of regular trading hours). 3 See VerDate Sep<11>2014 17:45 Mar 01, 2024 Jkt 262001 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 10– 242 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 10–242. 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/other.shtml). Copies of the submission, all subsequent amendments, all written statements with respect to 24X’s Form 1 application filed with the Commission, and all written communications relating to the application 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 the filing also will be available for inspection and copying at the principal office of the Exchange. Do not include personal identifiable information in submissions; you should submit only information that you wish to make available publicly. We may redact in part or withhold entirely from publication submitted material that is obscene or subject to copyright protection. All submissions should refer to file number 10–242 and should be submitted on or before April 18, 2024. SECURITIES AND EXCHANGE COMMISSION Sunshine Act Meetings TIME AND DATE: 2:00 p.m. on Thursday, March 7, 2024. The meeting will be held via remote means and/or at the Commission’s headquarters, 100 F Street, NE, Washington, DC 20549. PLACE: This meeting will be closed to the public. STATUS: MATTERS TO BE CONSIDERED: Commissioners, Counsel to the Commissioners, the Secretary to the Commission, and recording secretaries will attend the closed meeting. Certain staff members who have an interest in the matters also may be present. In the event that the time, date, or location of this meeting changes, an announcement of the change, along with the new time, date, and/or place of the meeting will be posted on the Commission’s website at https:// www.sec.gov. The General Counsel of the Commission, or her designee, has certified that, in her opinion, one or more of the exemptions set forth in 5 U.S.C. 552b(c)(3), (5), (6), (7), (8), 9(B) and (10) and 17 CFR 200.402(a)(3), (a)(5), (a)(6), (a)(7), (a)(8), (a)(9)(ii) and (a)(10), permit consideration of the scheduled matters at the closed meeting. The subject matter of the closed meeting will consist of the following topics: Institution and settlement of injunctive actions; 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. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.6 Sherry R. Haywood, Assistant Secretary. CONTACT PERSON FOR MORE INFORMATION: [FR Doc. 2024–04427 Filed 3–1–24; 8:45 am] Dated: February 29, 2024. Vanessa A. Countryman, Secretary. BILLING CODE 8011–01–P For further information; please contact Vanessa A. Countryman from the Office of the Secretary at (202) 551–5400. Authority: 5 U.S.C. 552b. [FR Doc. 2024–04597 Filed 2–29–24; 11:15 am] 6 17 PO 00000 CFR 200.30–3(a)(16) and (a)(71)(i). Frm 00082 Fmt 4703 Sfmt 4703 BILLING CODE 8011–01–P E:\FR\FM\04MRN1.SGM 04MRN1

Agencies

[Federal Register Volume 89, Number 43 (Monday, March 4, 2024)]
[Notices]
[Pages 15621-15622]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-04427]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-99614; File No. 10-242]


Self-Regulatory Organizations; 24X National Exchange LLC; Notice 
of Filing of Application for Registration as a National Securities 
Exchange Under Section 6 of the Securities Exchange Act of 1934

February 27, 2024.
    On February 6, 2024, 24X National Exchange LLC (``24X'' or 
``Applicant'') submitted to the Securities and Exchange Commission 
(``Commission'') a Form 1 application under the Securities Exchange Act 
of 1934 (``Exchange Act''), seeking registration as a national 
securities exchange under Section 6 of the Exchange Act.\1\ The 
Applicant's Form 1 application provides detailed information on how 24X 
proposes to satisfy the requirements of the Exchange Act.
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    \1\ 15 U.S.C. 78f. 24X filed a Form 1 application on Mar. 25, 
2022. See Securities Exchange Act Release No. 95007 (May 31, 2022), 
87 FR 34333 (June 6, 2022) (``2022 Form 1 Application''). 24X 
withdrew the 2022 Form 1 Application on Feb. 16, 2023. See 
Securities Exchange Act Release No. 97043 (Mar. 3, 2023), 88 FR 
14663 (Mar. 9, 2023).
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    The Commission is publishing this notice to solicit comments on 
24X's Form 1 application. The Commission will take any comments it 
receives into consideration in making its determination about whether 
to grant 24X's request to be registered as a national securities 
exchange. The Commission will grant the registration if it finds that 
the requirements of the Exchange Act and the rules and

[[Page 15622]]

regulations thereunder with respect to 24X are satisfied.\2\
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    \2\ 15 U.S.C. 78s(a).
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    24X's Form 1 application states that 24X would be wholly owned by 
its parent company, 24X US Holdings LLC (``US Holdings''), which in 
turn is wholly owned by 24X Bermuda Holdings LLC (``Bermuda 
Holdings'').
    The Form 1 application provides that 24X would operate a fully 
automated electronic trading platform for the trading of listed 
equities and would not maintain a physical trading floor. One novel 
feature of 24X's Form 1 application is that 24X proposes to enter into 
an agreement with MEMX Technologies, LLC to license the technology 
underlying 24X.\3\ The Form 1 application provides that liquidity would 
be derived from quotes as well as orders to buy and orders to sell 
submitted to 24X electronically by 24X members from remote locations. 
24X proposes to have one class of membership open to registered broker-
dealers. Another novel feature of 24X's proposed trading rules is that 
24X intends to allow equities trading 24 hours a day, 7 days per week, 
365 days a year.\4\ 24X has proposed specific rules to govern trading 
outside of regular trading hours.\5\
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    \3\ See Exhibits C and E to 24X's Form 1 application.
    \4\ See proposed 24X Rule 11.1 (describing the hours of trading 
and trading days for 24X).
    \5\ For example, see proposed 24X Rule 11.16 (describing what 
orders are eligible for execution outside of regular trading hours).
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    A more detailed description of the manner of operation of 24X's 
proposed system can be found in Exhibit E to 24X's Form 1 application. 
The proposed rulebook for the proposed exchange can be found in Exhibit 
B to 24X's Form 1 application, and the governing documents for 24X, US 
Holdings and Bermuda Holdings can be found in Exhibit A and Exhibit C 
to 24X's Form 1 application. A listing of the officers and directors of 
24X can be found in Exhibit J to 24X's Form 1 application. A complete 
set of forms concerning membership and access can be found in Exhibit F 
to 24X's Form 1 application.
    24X's Form 1 application, including all of the Exhibits referenced 
above, is available online at www.sec.gov/rules/other.shtml as well as 
in the Commission's Public Reference Room. Interested persons are 
invited to submit written data, views, and arguments concerning 24X's 
Form 1 application, including whether the application is consistent 
with the Exchange 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 10-242 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 10-242. 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/other.shtml). 
Copies of the submission, all subsequent amendments, all written 
statements with respect to 24X's Form 1 application filed with the 
Commission, and all written communications relating to the application 
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 the filing also will be available for inspection and 
copying at the principal office of the Exchange. Do not include 
personal identifiable information in submissions; you should submit 
only information that you wish to make available publicly. We may 
redact in part or withhold entirely from publication submitted material 
that is obscene or subject to copyright protection. All submissions 
should refer to file number 10-242 and should be submitted on or before 
April 18, 2024.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\6\
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    \6\ 17 CFR 200.30-3(a)(16) and (a)(71)(i).
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Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2024-04427 Filed 3-1-24; 8:45 am]
BILLING CODE 8011-01-P
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