Self-Regulatory Organizations; BOX Exchange LLC; Notice of Designation of Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change, as Modified by Amendment No. 2, To Adopt Rules To Govern FLEX Equity Options and a New Order Type To Trade FLEX Equity Options on the BOX Trading Floor, 19386 [2024-05637]
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19386
Federal Register / Vol. 89, No. 53 / Monday, March 18, 2024 / Notices
Comments may be submitted by any of
the following methods:
SECURITIES AND EXCHANGE
COMMISSION
Electronic Comments
[Release No. 34–99725; File No. SR–BOX–
2023–20]
• 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 SR–
NYSENAT–2024–06 on the subject line.
Paper Comments
lotter on DSK11XQN23PROD with NOTICES1
• 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 SR–NYSENAT–2024–06. 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/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 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
SR–NYSENAT–2024–06 and should be
submitted on or before April 8, 2024.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.19
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2024–05630 Filed 3–15–24; 8:45 am]
BILLING CODE 8011–01–P
12 17
CFR 200.30–3(a)(57).
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17:07 Mar 15, 2024
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Self-Regulatory Organizations; BOX
Exchange LLC; Notice of Designation
of Longer Period for Commission
Action on Proceedings To Determine
Whether To Approve or Disapprove a
Proposed Rule Change, as Modified by
Amendment No. 2, To Adopt Rules To
Govern FLEX Equity Options and a
New Order Type To Trade FLEX Equity
Options on the BOX Trading Floor
March 12, 2024.
On September 1, 2023, BOX Exchange
LLC (‘‘Exchange’’ or ‘‘BOX’’) 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 adopt Rules 5055 and 7605
which, among other applicable
Exchange rules, will govern the trading
of flexible exchange equity options
(‘‘FLEX Equity Options’’) on the BOX
Trading Floor, and make related
changes to Rules 100 (Definitions), 7620
(Accommodation Transactions), and
12140 (Imposition of Fines for Minor
Rule Violations). The proposed rule
change was published for comment in
the Federal Register on September 19,
2023.3 On September 27, 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 disapprove the
proposed rule change.5 On December
12, 2023, the Exchange submitted
Amendment No. 2 to the proposed rule
change, which replaced and superseded
the proposed rule change as originally
filed.6 On December 15, 2023, the
1 15
U.S.C. 78s(b)(1).
CFR 240.19b–4.
3 See Securities Exchange Act Release No. 98380
(September 13, 2023), 88 FR 64482 (‘‘Notice’’).
Comment on the proposed rule change can be found
at: https://www.sec.gov/comments/sr-box-2023-20/
srbox202320.htm.
4 15 U.S.C. 78s(b)(2).
5 See Securities Exchange Act Release No. 98568,
86 FR 68237 (October 3, 2023). The Commission
designated December 18, 2023, as the date by which
it should approve, disapprove, or institute
proceedings to determine whether to disapprove the
proposed rule change.
6 Amendment No. 2 is available on the
Commission’s website at: https://www.sec.gov/
comments/sr-box-2023-20/srbox202320-310739809082.pdf (‘‘Amendment No. 2’’).
2 17
PO 00000
Frm 00093
Fmt 4703
Sfmt 4703
Commission published notice of
Amendment No. 2 and instituted
proceedings pursuant to Section
19(b)(2)(B) of the Exchange Act 7 to
determine whether to approve or
disapprove the proposed rule change, as
modified by Amendment No. 2.8
Section 19(b)(2) of the Act 9 provides
that, after initiating 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 the 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 September 19,
2023.10 The 180th day after publication
of the Notice is March 17, 2024. 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.
Accordingly, the Commission, pursuant
to Section 19(b)(2) of the Act,11
designates May 16, 2024 as the date by
which the Commission shall either
approve or disapprove the proposed
rule change, as modified by Amendment
No. 2 (File No. SR–BOX–2023–20).
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.12
J. Matthew DeLesDernier,
Deputy Secretary.
[FR Doc. 2024–05637 Filed 3–15–24; 8:45 am]
BILLING CODE 8011–01–P
7 15
U.S.C. 78s(b)(2)(B).
Securities Exchange Act Release No. 99192,
88 FR 88437 (December 21, 2023) (Notice of Filing
of Amendment No. 2 and Order Instituting
Proceedings) (‘‘OIP’’).
9 15 U.S.C. 78s(b)(2).
10 See Notice, supra note 3.
11 15 U.S.C. 78s(b)(2).
12 17 CFR 200.30–3(a)(57).
8 See
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[Federal Register Volume 89, Number 53 (Monday, March 18, 2024)]
[Notices]
[Page 19386]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-05637]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-99725; File No. SR-BOX-2023-20]
Self-Regulatory Organizations; BOX Exchange LLC; Notice of
Designation of Longer Period for Commission Action on Proceedings To
Determine Whether To Approve or Disapprove a Proposed Rule Change, as
Modified by Amendment No. 2, To Adopt Rules To Govern FLEX Equity
Options and a New Order Type To Trade FLEX Equity Options on the BOX
Trading Floor
March 12, 2024.
On September 1, 2023, BOX Exchange LLC (``Exchange'' or ``BOX'')
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
adopt Rules 5055 and 7605 which, among other applicable Exchange rules,
will govern the trading of flexible exchange equity options (``FLEX
Equity Options'') on the BOX Trading Floor, and make related changes to
Rules 100 (Definitions), 7620 (Accommodation Transactions), and 12140
(Imposition of Fines for Minor Rule Violations). The proposed rule
change was published for comment in the Federal Register on September
19, 2023.\3\ On September 27, 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 disapprove the
proposed rule change.\5\ On December 12, 2023, the Exchange submitted
Amendment No. 2 to the proposed rule change, which replaced and
superseded the proposed rule change as originally filed.\6\ On December
15, 2023, the Commission published notice of Amendment No. 2 and
instituted proceedings pursuant to Section 19(b)(2)(B) of the Exchange
Act \7\ to determine whether to approve or disapprove the proposed rule
change, as modified by Amendment No. 2.\8\
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\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
\3\ See Securities Exchange Act Release No. 98380 (September 13,
2023), 88 FR 64482 (``Notice''). Comment on the proposed rule change
can be found at: https://www.sec.gov/comments/sr-box-2023-20/srbox202320.htm.
\4\ 15 U.S.C. 78s(b)(2).
\5\ See Securities Exchange Act Release No. 98568, 86 FR 68237
(October 3, 2023). The Commission designated December 18, 2023, as
the date by which it should approve, disapprove, or institute
proceedings to determine whether to disapprove the proposed rule
change.
\6\ Amendment No. 2 is available on the Commission's website at:
https://www.sec.gov/comments/sr-box-2023-20/srbox202320-310739-809082.pdf (``Amendment No. 2'').
\7\ 15 U.S.C. 78s(b)(2)(B).
\8\ See Securities Exchange Act Release No. 99192, 88 FR 88437
(December 21, 2023) (Notice of Filing of Amendment No. 2 and Order
Instituting Proceedings) (``OIP'').
---------------------------------------------------------------------------
Section 19(b)(2) of the Act \9\ provides that, after initiating
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 the 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 September 19, 2023.\10\ The 180th day after publication of the
Notice is March 17, 2024. 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 Notice, 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. Accordingly, the Commission, pursuant to Section
19(b)(2) of the Act,\11\ designates May 16, 2024 as the date by which
the Commission shall either approve or disapprove the proposed rule
change, as modified by Amendment No. 2 (File No. SR-BOX-2023-20).
---------------------------------------------------------------------------
\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).
---------------------------------------------------------------------------
J. Matthew DeLesDernier,
Deputy Secretary.
[FR Doc. 2024-05637 Filed 3-15-24; 8:45 am]
BILLING CODE 8011-01-P
