Self-Regulatory Organizations; Cboe EDGA Exchange, Inc.; Notice of Withdrawal of Proposed Rule Change To Amend Rule 11.6(n)(4) and Rule 11.10(a)(4)(D) To Permit the Use of the Post Only Order Instruction at Prices Below $1.00, 51379-51380 [2024-13211]

Download as PDF Federal Register / Vol. 89, No. 117 / Monday, June 17, 2024 / Notices 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. II. Docketed Proceeding(s) 1. Docket No(s).: MC2024–358 and CP2024–366; Filing Title: USPS Request to Add Priority Mail Express, Priority Mail & USPS Ground Advantage Contract 107 to Competitive Product List and Notice of Filing Materials Under Seal; Filing Acceptance Date: June 10, 2024; Filing Authority: 39 U.S.C. 3642, 39 CFR 3040.130 through 3040.135, and 39 CFR 3035.105; Public Representative: Alain Brou; Comments Due: June 18, 2024. 2. Docket No(s).: MC2024–359 and CP2024–367; Filing Title: USPS Request to Add Priority Mail & USPS Ground Advantage contract 276 to Competitive Product List and Notice of Filing Materials Under Seal; Filing Acceptance Date: June 10, 2024; Filing Authority: 39 U.S.C. 3642, 39 CFR 3040.130 through 3040.135, and 39 CFR 3035.105; Public Representative: Alain Brou; Comments Due: June 18, 2024. This Notice will be published in the Federal Register. Erica A. Barker, Secretary. [FR Doc. 2024–13255 Filed 6–14–24; 8:45 am] of 1934 (‘‘Act’’),1 and Rule 19b–4 thereunder,2 a proposed rule change (File Number SR–CboeBZX–2024–006) to permit the use of the Post Only order instruction at prices below $1.00. The proposed rule change was published for comment in the Federal Register on January 29, 2024.3 On March 8, 2024, 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 April 26, 2024, the Commission instituted proceedings pursuant to section 19(b)(2)(B) of the Act 6 to determine whether to approve or disapprove the proposed rule change.7 The Commission did not receive any comments on the proposal. On June 5, 2024, BZX withdrew the proposed rule change (SR–CboeBZX–2024–006). For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.8 Sherry R. Haywood, Assistant Secretary. [FR Doc. 2024–13212 Filed 6–14–24; 8:45 am] SECURITIES AND EXCHANGE COMMISSION [Release No. 34–100313; File No. SR– CboeEDGX–2024–007] Self-Regulatory Organizations; Cboe EDGX Exchange, Inc.; Notice of Withdrawal of Proposed Rule Change To Amend Rule 11.6(n)(4) and Rule 11.10(a)(4)(D) To Permit the Use of the Post Only Order Instruction at Prices Below $1.00 On January 19, 2024, Cboe EDGX Exchange, Inc. (‘‘EDGX’’) 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 SECURITIES AND EXCHANGE COMMISSION [Release No. 34–100315; File No. SR– CboeBZX–2024–006] thereunder,2 a proposed rule change (File Number SR–CboeEDGX–2024–007) to permit the use of the Post Only order instruction at prices below $1.00. The proposed rule change was published for comment in the Federal Register on February 7, 2024.3 On March 19, 2024, 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 May 2, 2024, the Commission instituted proceedings pursuant to section 19(b)(2)(B) of the Act 6 to determine whether to approve or disapprove the proposed rule change.7 The Commission did not receive any comments on the proposal. On June 5, 2024, EDGX withdrew the proposed rule change (SR–CboeEDGX–2024–007). For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.8 Sherry R. Haywood, Assistant Secretary. [FR Doc. 2024–13210 Filed 6–14–24; 8:45 am] BILLING CODE 8011–01–P BILLING CODE 8011–01–P June 11, 2024. BILLING CODE 7710–FW–P 51379 [Release No. 34–100314; File No. SR– CboeEDGA–2024–003] Self-Regulatory Organizations; Cboe EDGA Exchange, Inc.; Notice of Withdrawal of Proposed Rule Change To Amend Rule 11.6(n)(4) and Rule 11.10(a)(4)(D) To Permit the Use of the Post Only Order Instruction at Prices Below $1.00 June 11, 2024 On January 19, 2024, Cboe EDGA Exchange, Inc. (‘‘EDGA’’) 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 khammond on DSKJM1Z7X2PROD with NOTICES 1 15 Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Withdrawal of Proposed Rule Change To Amend Rule 11.9(c)(6) and Rule 11.13(a)(4)(D) To Permit the Use of BZX Post Only Orders at Prices Below $1.00 June 11, 2024. On January 8, 2024, Cboe BZX Exchange, Inc. (‘‘BZX’’) filed with the Securities and Exchange Commission (‘‘Commission’’), pursuant to section 19(b)(1) of the Securities Exchange Act VerDate Sep<11>2014 17:00 Jun 14, 2024 Jkt 262001 U.S.C. 78s(b)(1). CFR 240.19b–4. 3 See Securities Exchange Act Release No. 99414 (January 23, 2024), 89 FR 5596. 4 15 U.S.C. 78s(b)(2). 5 See Securities Exchange Act Release No. 99698, 89 FR 18694 (March 14, 2024) (designating April 26, 2024, as the date by which the Commission shall either approve, disapprove, or institute proceedings to determine whether to disapprove the proposed rule change). 6 15 U.S.C. 78s(b)(2)(B). 7 See Securities Exchange Act Release No. 100038, 89 FR 35866 (May 2, 2024). 8 17 CFR 200.30–3(a)(12). 1 15 U.S.C. 78s(b)(1). SECURITIES AND EXCHANGE COMMISSION 2 17 PO 00000 Frm 00080 Fmt 4703 Sfmt 4703 2 17 CFR 240.19b–4. Securities Exchange Act Release No. 99459 (February 1, 2024), 89 FR 8473. 4 15 U.S.C. 78s(b)(2). 5 See Securities Exchange Act Release No. 99766, 89 FR 20735 (March 25, 2024) (designating May 7, 2024, as the date by which the Commission shall either approve, disapprove, or institute proceedings to determine whether to disapprove the proposed rule change). 6 15 U.S.C. 78s(b)(2)(B). 7 See Securities Exchange Act Release No. 100052, 89 FR 38935 (May 8, 2024). 8 17 CFR 200.30–3(a)(12). 1 15 U.S.C. 78s(b)(1). 3 See E:\FR\FM\17JNN1.SGM 17JNN1 51380 Federal Register / Vol. 89, No. 117 / Monday, June 17, 2024 / Notices thereunder,2 a proposed rule change (File Number SR–CboeEDGA–2024–003) to permit the use of the Post Only order instruction at prices below $1.00. The proposed rule change was published for comment in the Federal Register on February 7, 2024.3 On March 19, 2024, 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 May 2, 2024, the Commission instituted proceedings pursuant to Section 19(b)(2)(B) of the Act 6 to determine whether to approve or disapprove the proposed rule change.7 The Commission did not receive any comments on the proposal. On June 5, 2024, EDGA withdrew the proposed rule change (SR–CboeEDGA–2024–003). For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.8 Sherry R. Haywood, Assistant Secretary. [FR Doc. 2024–13211 Filed 6–14–24; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–100317; File No. SR– CboeBYX–2024–017] Self-Regulatory Organizations; Cboe BYX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Interpretation and Policy .03 to Rule 11.13 To Provide an Additional, Optional Risk Setting to Members and Clearing Members June 11, 2024. Pursuant to section 19(b)(1) of the Securities Exchange Act of 1934 (the ‘‘Act’’),1 and Rule 19b–4 thereunder,2 notice is hereby given that on May 29, 2024, Cboe BYX Exchange, Inc. (the ‘‘Exchange’’ or ‘‘BYX’’) filed with the Securities and Exchange Commission 2 17 CFR 240.19b–4. Securities Exchange Act Release No. 99458 (February 1, 2024), 89 FR 8460. 4 15 U.S.C. 78s(b)(2). 5 See Securities Exchange Act Release No. 99765, 89 FR 20721 (March 25, 2024) (designating May 7, 2024, as the date by which the Commission shall either approve, disapprove, or institute proceedings to determine whether to disapprove the proposed rule change). 6 15 U.S.C. 78s(b)(2)(B). 7 See Securities Exchange Act Release No. 100051, 89 FR 38933 (May 8, 2024). 8 17 CFR 200.30–3(a)(12). 1 15 U.S.C. 78s(b)(1). 2 17 CFR 240.19b–4. khammond on DSKJM1Z7X2PROD with NOTICES 3 See VerDate Sep<11>2014 17:00 Jun 14, 2024 Jkt 262001 (the ‘‘Commission’’) the proposed rule change as described in Items I, II, and III below, which Items have been prepared by the Exchange. The Exchange filed the proposal as a ‘‘noncontroversial’’ proposed rule change pursuant to section 19(b)(3)(A)(iii) of the Act 3 and Rule 19b–4(f)(6) thereunder.4 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 Cboe BYX Exchange, Inc. (the ‘‘Exchange’’ or ‘‘BYX’’) proposes to amend Interpretation and Policy .03 to Rule 11.13 to provide an additional, optional risk setting to Members and Clearing Members. The text of the proposed rule change is provided in Exhibit 5. The text of the proposed rule change is also available on the Exchange’s website (https://markets.cboe.com/us/ equities/regulation/rule_filings/byx/), at the Exchange’s Office of the Secretary, and at the Commission’s Public Reference Room. 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 purpose of the proposed rule change is to provide Members 5 and Clearing Members 6 the option to utilize additional risk settings under proposed Interpretation and Policy .03 of Rule 3 15 U.S.C. 78s(b)(3)(A)(iii). CFR 240.19b–4(f)(6). 5 See Rule 1.5(n). A ‘‘Member’’ shall mean any Member or Sponsored Participant who is authorized to obtain access to the System pursuant to Rule 11.3. 6 See Rule 11.15(a). The term ‘‘Clearing Member’’ refers to a Member that is a member of a Qualified Clearing Agency and clears transactions on behalf of another Member. 4 17 PO 00000 Frm 00081 Fmt 4703 Sfmt 4703 11.13. Based on feedback from its Members, the Exchange proposes to offer additional, optional risk settings at the Market Participant Identifier (‘‘MPID’’) level and/or to a subset of orders identified within the MPID level (the ‘‘risk group identifier’’ level) that would authorize the Exchange to take automated action if a designated limit for a Member is breached. Such risk settings would provide Members and Clearing Members with enhanced abilities to manage their risk with respect to orders on the Exchange.7 Proposed paragraphs (a)(3) and (4) of Interpretation and Policy .03 of Rule 11.13 set forth the specific risk settings the Exchange proposes to offer. The current risk settings noted in paragraphs (a)(1)–(2) of Interpretation and Policy .03 of Rule 11.13 will continue to be available to Members and Clearing Members. Specifically, the Exchange proposes to offer two aggregate credit risk settings (the ‘‘Aggregate Credit Risk Checks’’) as follows: • The ‘‘Aggregate Gross Credit Exposure Limit’’, which refers to a preestablished maximum daily dollar amount for purchases and sales across all symbols, where both purchases and sales are counted as positive values. For purposes of calculating the Aggregate Gross Credit Exposure Limit, both executed and open orders are included; and • The ‘‘Aggregate Net Credit Exposure Limit’’, which refers to a pre-established maximum daily dollar amount for purchases and sales across all symbols, where purchases are counted as positive values and sales are counted as negative values. For purposes of calculating the Aggregate Net Credit Exposure Limit, 7 Similarly, a Sponsoring Member may utilize the check to manage the risk of its Sponsored Participants. A Sponsoring Member shall mean a broker-dealer that has been issued a membership by the Exchange who has been designated by a Sponsored Participant to execute, clear and settle transactions resulting from the System. The Sponsoring Member shall be either (i) a clearing firm with membership in a clearing agency registered with the Commission that maintains facilities through which transactions may be cleared or (ii) a correspondent firm with a clearing arrangement with any such clearing firm. See Rule 1.5(y). A Sponsored Participant shall mean a person which has entered into a sponsorship arrangement with a Sponsoring Member pursuant to Rule 11.3. Such sponsored relationships generally include where a broker-dealer allows its customer to use the broker-dealer’s MPID or other mechanism or mnemonic to enter orders into the Exchange’s System that bypass the Sponsoring Member’s order handling system and are electronically routed directly to the Exchange by the Sponsored Participant, including through a service bureau or other third-party technology provider. See Rule 1.5(x). See also Securities Exchange Act Release No. 97176 (March 21, 2023), 88 FR 18193 (March 27, 2023), SR–CboeBYX–2023–005 (‘‘BYX Sponsored Participant Definition Filing’’) at 18194, footnote 12. E:\FR\FM\17JNN1.SGM 17JNN1

Agencies

SECURITIES AND EXCHANGE COMMISSION

[Federal Register Volume 89, Number 117 (Monday, June 17, 2024)]
[Notices]
[Pages 51379-51380]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-13211]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-100314; File No. SR-CboeEDGA-2024-003]


Self-Regulatory Organizations; Cboe EDGA Exchange, Inc.; Notice 
of Withdrawal of Proposed Rule Change To Amend Rule 11.6(n)(4) and Rule 
11.10(a)(4)(D) To Permit the Use of the Post Only Order Instruction at 
Prices Below $1.00

June 11, 2024
    On January 19, 2024, Cboe EDGA Exchange, Inc. (``EDGA'') 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

[[Page 51380]]

thereunder,\2\ a proposed rule change (File Number SR-CboeEDGA-2024-
003) to permit the use of the Post Only order instruction at prices 
below $1.00. The proposed rule change was published for comment in the 
Federal Register on February 7, 2024.\3\ On March 19, 2024, 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 May 2, 2024, the Commission 
instituted proceedings pursuant to Section 19(b)(2)(B) of the Act \6\ 
to determine whether to approve or disapprove the proposed rule 
change.\7\ The Commission did not receive any comments on the proposal. 
On June 5, 2024, EDGA withdrew the proposed rule change (SR-CboeEDGA-
2024-003).
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ See Securities Exchange Act Release No. 99458 (February 1, 
2024), 89 FR 8460.
    \4\ 15 U.S.C. 78s(b)(2).
    \5\ See Securities Exchange Act Release No. 99765, 89 FR 20721 
(March 25, 2024) (designating May 7, 2024, as the date by which the 
Commission shall either approve, disapprove, or institute 
proceedings to determine whether to disapprove the proposed rule 
change).
    \6\ 15 U.S.C. 78s(b)(2)(B).
    \7\ See Securities Exchange Act Release No. 100051, 89 FR 38933 
(May 8, 2024).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\8\
---------------------------------------------------------------------------

    \8\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------

Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2024-13211 Filed 6-14-24; 8:45 am]
BILLING CODE 8011-01-P

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