Self-Regulatory Organizations; Green Impact Exchange, LLC; Notice of Filing of Application for Registration as a National Securities Exchange Under Section 6 of the Securities Exchange Act of 1934, 59795-59796 [2024-16107]

Download as PDF Federal Register / Vol. 89, No. 141 / Tuesday, July 23, 2024 / Notices proposed strike setting regime for GLD options will allow options on this an actively traded ETF with index levels at corresponding price levels to trade pursuant to the same strike setting regime. This will permit investors to employ similar investment and hedging strategies for each of these options. The Exchange does not believe the proposal will impose any burden on intermarket competition, as nothing prevents other options exchanges from proposing similar rules to make a finer strike price intervals above a $200 price point available for GLD options. The Exchange notes that the proposed rule change is not a novel proposal, as the Commission recently approved a substantively identical proposal of another exchange.11 Further, the Exchange does not believe the proposal will impose any burden on intramarket competition, as all market participants will be treated in the same manner under this proposal. C. Self-Regulatory Organization’s Statement on Comments on the Proposed Rule Change Received From Members, Participants, or Others Written comments were neither solicited nor received. III. Date of Effectiveness of the Proposed Rule Change and Timing for Commission Action The Exchange has filed the proposed rule change pursuant to Section 19(b)(3)(A)(iii) of the Act 12 and Rule 19b–4(f)(6) thereunder.13 Because the foregoing proposed rule change does not: (i) significantly affect the protection of investors or the public interest; (ii) impose any significant burden on competition; and (iii) become operative for 30 days from the date on which it was filed, or such shorter time as the Commission may designate, it has become effective pursuant to Section 19(b)(3)(A)(iii) of the Act 14 and subparagraph (f)(6) of Rule 19b–4 thereunder.15 A proposed rule change filed under Rule 19b–4(f)(6) 16 normally does not become operative prior to 30 days after the date of the filing. However, pursuant 11 Id. ddrumheller on DSK120RN23PROD with NOTICES1 12 15 U.S.C. 78s(b)(3)(A)(iii). 13 17 CFR 240.19b–4(f)(6). 14 15 U.S.C. 78s(b)(3)(A)(iii). 15 17 CFR 240.19b–4(f)(6). In addition, Rule 19b– 4(f)(6)(iii) requires a self-regulatory organization to give the Commission written notice of its intent to file the proposed rule change, along with a brief description and text of the proposed rule change, at least five business days prior to the date of filing of the proposed rule change, or such shorter time as designated by the Commission. The Exchange has satisfied this requirement. 16 17 CFR 240.19b–4(f)(6). VerDate Sep<11>2014 18:47 Jul 22, 2024 Jkt 262001 to Rule 19b–4(f)(6)(iii),17 the Commission may designate a shorter time if such action is consistent with the protection of investors and the public interest. The Exchange has requested that the Commission waive the 30-day operative delay so that the proposal may become operative immediately upon filing. According to the Exchange, the proposed rule change is a competitive response to a filing submitted by ISE that recently was approved by the Commission.18 The Exchange has stated that waiver of the 30-day operative delay would permit the Exchange to implement the proposal in close time proximity to competitor exchanges. The Commission believes that the proposed rule change presents no novel issues and that waiver of the 30-day operative delay is consistent with the protection of investors and the public interest. Accordingly, the Commission hereby waives the 30-day operative delay and designates the proposed rule change as operative upon filing.19 At any time within 60 days of the filing of the proposed rule change, the Commission summarily may temporarily suspend such rule change if it appears to the Commission that such action is necessary or appropriate in the public interest, for the protection of investors, or otherwise in furtherance of the purposes of the Act. If the Commission takes such action, the Commission shall institute proceedings to determine whether the proposed rule should be approved or disapproved. IV. Solicitation of Comments Interested persons are invited to submit written data, views, and arguments concerning the foregoing, including whether the proposed rule change is consistent with the 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 rule-comments@ sec.gov. Please include file number SR– PEARL–2024–30 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. CFR 240.19b–4(f)(6)(iii). 18 See supra note 7. 19 For purposes only of waiving the 30-day operative delay, the Commission has also considered the proposed rule’s impact on efficiency, competition, and capital formation. See 15 U.S.C. 78c(f). PO 00000 17 17 Frm 00081 Fmt 4703 Sfmt 4703 59795 All submissions should refer to file number SR–PEARL–2024–30. 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–PEARL–2024–30 and should be submitted on or before August 13, 2024. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.20 Vanessa A. Countryman, Secretary. [FR Doc. 2024–16109 Filed 7–22–24; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–100547; File No. 10–244] Self-Regulatory Organizations; Green Impact Exchange, LLC; Notice of Filing of Application for Registration as a National Securities Exchange Under Section 6 of the Securities Exchange Act of 1934 July 17, 2024. On May 9, 2024, Green Impact Exchange, LLC (‘‘GIX’’ or ‘‘Applicant’’) submitted to the Securities and Exchange Commission (‘‘Commission’’) a Form 1 application under the 20 17 E:\FR\FM\23JYN1.SGM CFR 200.30–3(a)(12), (59). 23JYN1 ddrumheller on DSK120RN23PROD with NOTICES1 59796 Federal Register / Vol. 89, No. 141 / Tuesday, July 23, 2024 / Notices 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 GIX proposes to satisfy the requirements of the Exchange Act. The Commission is publishing this notice to solicit comments on GIX’s Form 1 application. The Commission will take any comments it receives into consideration in making its determination about whether to grant GIX’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 regulations thereunder with respect to GIX are satisfied.2 GIX’s Form 1 application states that GIX would be wholly owned by its parent company, Green Exchange, PBC (‘‘GEPBC’’). The Form 1 application provides that GIX would operate a fully automated electronic trading platform for the trading of listed equities and would not maintain a physical trading floor. One feature of GIX’s Form 1 application is that GIX proposes to enter into an agreement with MEMX Technologies, LLC to license the technology underlying the GIX trading platform.3 The Form 1 application provides that liquidity would be derived from orders to buy and orders to sell submitted to GIX electronically by GIX members from remote locations. GIX proposes to have one class of membership open to registered brokerdealers. A novel feature of GIX’s proposed listing standards is that GIX intends to require all companies that list on GIX to comply with its Green Governance Standards, which, according to GIX, will be designed to provide transparency and accountability for listed companies’ green and sustainability promises and signal to investors focused on green practices that listed companies are credible.4 A more detailed description of the manner of operation of GIX’s proposed system can be found in Exhibit E to GIX’s Form 1 application. The proposed rulebook for the proposed exchange can be found in Exhibit B to GIX’s Form 1 application, and the governing documents for GIX and GEPBC can be found in Exhibit A and Exhibit C to GIX’s Form 1 application. A listing of 1 15 U.S.C. 78f. U.S.C. 78s(a). 3 See Exhibits C and E to GIX’s Form 1 application. 4 See proposed GIX Rule Series 14.425 (describing the Green Governance Standards). 2 15 VerDate Sep<11>2014 18:47 Jul 22, 2024 Jkt 262001 the officers and directors of GIX can be found in Exhibit J to GIX’s Form 1 application. A complete set of forms concerning membership and access can be found in Exhibit F to GIX’s Form 1 application. A discussion of GIX’s Green Governance Standards and their consistency with the Exchange Act can be found in Exhibit H–5 to GIX’s Form 1 application. GIX’s Form 1 application, including all of the Exhibits referenced above, is available online at www.sec.gov/rules/ other.shtml. Interested persons are invited to submit written data, views, and arguments concerning GIX’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 rule-comments@ sec.gov. Please include file number 10– 244 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 10–244. 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 GIX’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 PO 00000 Frm 00082 Fmt 4703 Sfmt 4703 obscene or subject to copyright protection. All submissions should refer to file number 10–244 and should be submitted on or before September 6, 2024. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.5 J. Matthew DeLesDernier, Deputy Secretary. [FR Doc. 2024–16107 Filed 7–22–24; 8:45 am] BILLING CODE 8011–01–P SMALL BUSINESS ADMINISTRATION [Disaster Declaration #20439 and #20440; INDIANA Disaster Number IN–20002] Administrative Declaration of a Disaster for the State of Indiana U.S. Small Business Administration. ACTION: Notice. AGENCY: This is a notice of an Administrative declaration of a disaster for the State of Indiana dated 07/17/ 2024. Incident: Severe Storms and Tornadoes. Incident Period: 06/25/2024. DATES: Issued on 07/17/2024. Physical Loan Application Deadline Date: 09/16/2024. Economic Injury (EIDL) Loan Application Deadline Date: 04/17/2025. ADDRESSES: Visit the MySBA Loan Portal at https://lending.sba.gov to apply for a disaster assistance loan. FOR FURTHER INFORMATION CONTACT: Alan Escobar, Office of Disaster Recovery & Resilience, U.S. Small Business Administration, 409 3rd Street SW, Suite 6050, Washington, DC 20416, (202) 205–6734. SUPPLEMENTARY INFORMATION: Notice is hereby given that as a result of the Administrator’s disaster declaration, applications for disaster loans may be submitted online using the MySBA Loan Portal https://lending.sba.gov or other locally announced locations. Please contact the SBA disaster assistance customer service center by email at disastercustomerservice@ sba.gov or by phone at 1–800–659–2955 for further assistance. The following areas have been determined to be adversely affected by the disaster: Primary Counties: Monroe, Vigo Contiguous Counties: Indiana: Brown, Clay, Greene, Jackson, Lawrence, Morgan, Owen, SUMMARY: 5 17 E:\FR\FM\23JYN1.SGM CFR 200.30–3(a)(16) and (a)(71)(i). 23JYN1

Agencies

[Federal Register Volume 89, Number 141 (Tuesday, July 23, 2024)]
[Notices]
[Pages 59795-59796]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-16107]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-100547; File No. 10-244]


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

July 17, 2024.
    On May 9, 2024, Green Impact Exchange, LLC (``GIX'' or 
``Applicant'') submitted to the Securities and Exchange Commission 
(``Commission'') a Form 1 application under the

[[Page 59796]]

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 GIX proposes to satisfy the requirements of the 
Exchange Act.
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78f.
---------------------------------------------------------------------------

    The Commission is publishing this notice to solicit comments on 
GIX's Form 1 application. The Commission will take any comments it 
receives into consideration in making its determination about whether 
to grant GIX'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 regulations 
thereunder with respect to GIX are satisfied.\2\
---------------------------------------------------------------------------

    \2\ 15 U.S.C. 78s(a).
---------------------------------------------------------------------------

    GIX's Form 1 application states that GIX would be wholly owned by 
its parent company, Green Exchange, PBC (``GEPBC''). The Form 1 
application provides that GIX would operate a fully automated 
electronic trading platform for the trading of listed equities and 
would not maintain a physical trading floor. One feature of GIX's Form 
1 application is that GIX proposes to enter into an agreement with MEMX 
Technologies, LLC to license the technology underlying the GIX trading 
platform.\3\ The Form 1 application provides that liquidity would be 
derived from orders to buy and orders to sell submitted to GIX 
electronically by GIX members from remote locations. GIX proposes to 
have one class of membership open to registered broker-dealers. A novel 
feature of GIX's proposed listing standards is that GIX intends to 
require all companies that list on GIX to comply with its Green 
Governance Standards, which, according to GIX, will be designed to 
provide transparency and accountability for listed companies' green and 
sustainability promises and signal to investors focused on green 
practices that listed companies are credible.\4\
---------------------------------------------------------------------------

    \3\ See Exhibits C and E to GIX's Form 1 application.
    \4\ See proposed GIX Rule Series 14.425 (describing the Green 
Governance Standards).
---------------------------------------------------------------------------

    A more detailed description of the manner of operation of GIX's 
proposed system can be found in Exhibit E to GIX's Form 1 application. 
The proposed rulebook for the proposed exchange can be found in Exhibit 
B to GIX's Form 1 application, and the governing documents for GIX and 
GEPBC can be found in Exhibit A and Exhibit C to GIX's Form 1 
application. A listing of the officers and directors of GIX can be 
found in Exhibit J to GIX's Form 1 application. A complete set of forms 
concerning membership and access can be found in Exhibit F to GIX's 
Form 1 application. A discussion of GIX's Green Governance Standards 
and their consistency with the Exchange Act can be found in Exhibit H-5 
to GIX's Form 1 application.
    GIX's Form 1 application, including all of the Exhibits referenced 
above, is available online at www.sec.gov/rules/other.shtml. Interested 
persons are invited to submit written data, views, and arguments 
concerning GIX'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 10-244 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 10-244. 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 GIX'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 10-244 and should be submitted on or before 
September 6, 2024.
---------------------------------------------------------------------------

    \5\ 17 CFR 200.30-3(a)(16) and (a)(71)(i).
---------------------------------------------------------------------------

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\5\

J. Matthew DeLesDernier,
Deputy Secretary.
[FR Doc. 2024-16107 Filed 7-22-24; 8:45 am]
BILLING CODE 8011-01-P
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