Justia Agencies And Commissions Securities And Exchange Commission Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Withdrawal of a Proposed Rule Change To Amend Section 102.06 of the NYSE Listed Company Manual To Provide That a Special Purpose Acquisition Company Can Remain Listed Until Forty-Two Months From Its Original Listing Date if it Has Entered Into a Definitive Agreement With Respect to a Business Combination Within Three Years of Listing, 78949-78950 [2024-22022]

Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Withdrawal of a Proposed Rule Change To Amend Section 102.06 of the NYSE Listed Company Manual To Provide That a Special Purpose Acquisition Company Can Remain Listed Until Forty-Two Months From Its Original Listing Date if it Has Entered Into a Definitive Agreement With Respect to a Business Combination Within Three Years of Listing, 78949-78950 [2024-22022]

Download as PDF Federal Register / Vol. 89, No. 187 / Thursday, September 26, 2024 / Notices already familiar with the products and whether they would suit their needs. The Exchange believes that the proposed rule change to provide for a one-month free trial period to test is not unfairly discriminatory because the financial benefit of the fee waiver would be available to all firms subscribing to the Exchange’s real-time market data products for the first time on a free-trial basis. The Exchange believes there is a meaningful distinction between customers that are subscribing to a market data product for the first time, who may benefit from a period within which to set up and test use of the product before it becomes fee liable, and users that are already receiving the Exchange’s market data products. The Exchange believes that the limited period of the free trial would not be unfairly discriminatory to other users of the Exchange’s market data products because it is designed to provide a reasonable period of time to set up and test a new market data product. The Exchange further believes that providing a free trial for one calendar month would ease administrative burdens for data recipients to subscribe to a new data product and eliminate fees for a period before such users are able to derive any benefit from the data. khammond on DSKJM1Z7X2PROD with NOTICES B. Self-Regulatory Organization’s Statement on Burden on Competition The Exchange does not believe that the proposed rule change would result in any burden on competition that is not necessary or appropriate in furtherance of the purposes of the Act. The Exchange operates in a highly competitive environment, and its ability to price these data products is constrained by competition among exchanges that offer similar data products to their customers. The Exchange believes that the proposed free trial program does not put any market participants at a relative disadvantage compared to other market participants. As discussed, the proposed trial would apply to first time subscribers on an equal and nondiscriminatory basis. Further, the Exchange believes that the proposed program does not impose a burden on competition on other SROs that is not necessary or appropriate in furtherance of the purposes of the Act. The Exchange does not believe that the proposal would cause any unnecessary or inappropriate burden on intermarket competition as other exchanges are free to lower their prices or provide a free trial to better compete with the Exchange’s offering. Indeed, other national securities exchanges already VerDate Sep<11>2014 17:11 Sep 25, 2024 Jkt 262001 offer similar free trial programs today.10 The proposed rule change is also designed to enhance competition by providing an incentive to Redistributors to enlist new subscribers to subscribe to Exchange’s real-time market data products. C. Self-Regulatory Organization’s Statement on Comments on the Proposed Rule Change Received From Members, Participants, or Others No written comments were solicited or received with respect to the proposed rule change. III. Date of Effectiveness of the Proposed Rule Change and Timing for Commission Action The foregoing rule change has become effective upon filing pursuant to Section 19(b)(3)(A) 11 of the Act and paragraph (f) [sic] thereunder. 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. 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– NYSEARCA–2024–80 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 SR–NYSEARCA–2024–80. 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–NYSEARCA–2024–80 and should be submitted on or before October 17, 2024. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.12 Vanessa A. Countryman, Secretary. [FR Doc. 2024–22020 Filed 9–25–24; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–101126; File No. SR–NYSE– 2024–18] Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Withdrawal of a Proposed Rule Change To Amend Section 102.06 of the NYSE Listed Company Manual To Provide That a Special Purpose Acquisition Company Can Remain Listed Until Forty-Two Months From Its Original Listing Date if it Has Entered Into a Definitive Agreement With Respect to a Business Combination Within Three Years of Listing September 20, 2024. On March 27, 2024, the New York Stock Exchange LLC (‘‘Exchange’’ or ‘‘NYSE’’) filed with the Securities and Exchange Commission (‘‘Commission’’), pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (‘‘Exchange Act’’) 1 and Rule 19b–4 10 See 12 17 11 15 1 15 PO 00000 note 5, supra. U.S.C. 78s(b)(3)(A). Frm 00109 Fmt 4703 Sfmt 4703 78949 E:\FR\FM\26SEN1.SGM CFR 200.30–3(a)(12). U.S.C. 78s(b)(1). 26SEN1 78950 Federal Register / Vol. 89, No. 187 / Thursday, September 26, 2024 / Notices thereunder,2 a proposed rule change to amend Section 102.06 of the NYSE Listed Company Manual to provide that a special purpose acquisition company can remain listed until forty-two months from its original listing date if it has entered into a definitive agreement with respect to a business combination within three years of listing. The proposed rule change was published for comment in the Federal Register on April 10, 2024.3 On May 22, 2024, pursuant to Section 19(b)(2) of the Exchange 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 July 9, 2024, the Commission instituted proceedings under Section 19(b)(2)(B) of the Exchange Act 6 to determine whether to approve or disapprove the proposed rule change.7 On September 10, 2024, the Exchange withdrew the proposed rule change (SR–NYSE–2024–18). For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.8 Vanessa A. Countryman, Secretary. [FR Doc. 2024–22022 Filed 9–25–24; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–101125; File No. 4–757] Joint Industry Plan; Notice of Designation of a Longer Period for Commission Action on a Proposed National Market System Plan Regarding Consolidated Equity Market Data September 20, 2024. 1 15 On October 23, 2023, Cboe BYX Exchange, Inc., Cboe BZX Exchange, Inc., Cboe EDGA Exchange, Inc., Cboe EDGX Exchange, Inc., Cboe Exchange, Inc., Investors Exchange LLC, Long Term Stock Exchange, Inc., MEMX LLC, 2 17 CFR 240.19b–4. Securities Exchange Act Release No. 99906 (Apr. 4, 2024), 89 FR 25291 (‘‘Notice’’). 4 15 U.S.C. 78s(b)(2). 5 See Securities Exchange Act Release No. 100220 (May 22, 2024), 89 FR 46527 (May 29, 2024). 6 15 U.S.C. 78s(b)(2)(B). 7 See Securities Exchange Act Release No. 100480 (July 9, 2024), 89 FR 57436 (July 15, 2024) (‘‘OIP’’). Comments received in response to the OIP can be found on the Commission’s website at: https:// www.sec.gov/comments/sr-nyse-2024-18/ srnyse202418.htm. 8 17 CFR 200.30–3(a)(12). khammond on DSKJM1Z7X2PROD with NOTICES 3 See VerDate Sep<11>2014 17:11 Sep 25, 2024 MIAX PEARL, LLC, Nasdaq BX, Inc., Nasdaq ISE, LLC, Nasdaq PHLX LLC, Nasdaq Stock Market LLC, New York Stock Exchange LLC, NYSE American LLC, NYSE Arca, Inc., NYSE Chicago, Inc., NYSE National, Inc., and the Financial Industry Regulatory Authority, Inc. filed with the Securities and Exchange Commission (‘‘Commission’’), pursuant to section 11A of the Securities Exchange Act of 1934 1 and Rule 608 of Regulation National Market System (‘‘Regulation NMS’’) thereunder,2 a proposed new single national market system plan governing the public dissemination of real-time consolidated equity market data for national market system stocks (the ‘‘CT Plan’’). The proposed CT Plan was published for comment in the Federal Register on January 25, 2024.3 On April 23, 2024, the Commission instituted proceedings pursuant to Rule 608(b)(2)(i) of Regulation NMS,4 to determine whether to approve or disapprove the proposed CT Plan or to approve the proposed CT Plan with any changes or subject to any conditions the Commission deems necessary or appropriate.5 On July 11, 2024, pursuant to Rule 608(b)(2)(i) of Regulation NMS,6 the Commission extended the period within which to conclude proceedings regarding the proposed CT Plan to 240 days from the date of publication of the Notice.7 Rule 608(b)(2)(ii) of Regulation NMS provides that the time for conclusion of proceedings to determine whether a national market system plan or proposed amendment should be disapproved may be extended for an additional period up to 60 days (up to 300 days from the date of notice publication) if the Commission determines that a longer period is appropriate and publishes the reasons for such determination or the plan Jkt 262001 U.S.C. 78k–1. CFR 242.608. 3 See Joint Industry Plan; Notice of Filing of a National Market System Plan Regarding Consolidated Equity Market Data, Securities Exchange Act Release No. 99403 (Jan. 19, 2024), 89 FR 5002 (Jan. 25, 2024) (‘‘Notice’’). 4 17 CFR 242.608(b)(2)(i). 5 See Joint Industry Plan; Order Instituting Proceedings to Determine Whether to Approve or Disapprove a National Market System Plan Regarding Consolidated Equity Market Data, Securities Exchange Act Release No. 100017 (Apr. 23, 2024), 89 FR 33412 (Apr. 29, 2024) (‘‘OIP’’). Comments received in response to the OIP can be found on the Commission’s website at: https:// www.sec.gov/comments/4-757/4-757.htm. 6 17 CFR 242.608(b)(2)(i). 7 See Joint Industry Plan; Notice of Designation of a Longer Period for Commission Action on a Proposed National Market System Plan Regarding Consolidated Equity Market Data, Securities Exchange Act Release No. 100500 (Jul. 11, 2024), 89 FR 58235 (Jul. 17, 2024). 2 17 PO 00000 Frm 00110 Fmt 4703 Sfmt 4703 participants consent to the longer period.8 The 240th day after publication of the Notice for the proposed CT Plan is September 21, 2024. The Commission is extending this 240-day period. The Commission finds that it is appropriate to designate a longer period within which to conclude proceedings regarding the proposed CT Plan so that it has sufficient time to consider important issues raised by the proposed CT Plan and the comments received.9 Accordingly, pursuant to Rule 608(b)(2)(ii) of Regulation NMS,10 the Commission designates November 20, 2024, as the date by which the Commission shall conclude the proceedings to determine whether to approve or disapprove the proposed CT Plan or to approve the proposed CT Plan with any changes or subject to any conditions the Commission deems necessary or appropriate (File No. 4– 757). By the Commission. Sherry R. Haywood, Assistant Secretary. [FR Doc. 2024–22001 Filed 9–25–24; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–101120; File No. SR– CBOE–2024–043] Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Exchange’s Rules To Permit the Listing and Trading of Options Based on 1/100 of the Value of the Nasdaq100 Index® (‘‘Nasdaq-100’’) September 20, 2024. 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 September 18, 2024, Cboe Exchange, Inc. (the ‘‘Exchange’’ or ‘‘Cboe Options’’) filed with the Securities and Exchange Commission (‘‘Commission’’) the proposed rule change as described in Items I and II below, which Items have been prepared by the Exchange. The Exchange filed the proposal as a ‘‘non-controversial’’ proposed rule change pursuant to Section 8 17 CFR 242.608(b)(2)(ii). received in response to the Notice can be found on the Commission’s website at: https://www.sec.gov/comments/4-757/4-757.htm. 10 17 CFR 242.608(b)(2)(ii). 1 15 U.S.C. 78s(b)(1). 2 17 CFR 240.19b–4. 9 Comments E:\FR\FM\26SEN1.SGM 26SEN1

Agencies

SECURITIES AND EXCHANGE COMMISSION

[Federal Register Volume 89, Number 187 (Thursday, September 26, 2024)]
[Notices]
[Pages 78949-78950]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-22022]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-101126; File No. SR-NYSE-2024-18]


Self-Regulatory Organizations; New York Stock Exchange LLC; 
Notice of Withdrawal of a Proposed Rule Change To Amend Section 102.06 
of the NYSE Listed Company Manual To Provide That a Special Purpose 
Acquisition Company Can Remain Listed Until Forty-Two Months From Its 
Original Listing Date if it Has Entered Into a Definitive Agreement 
With Respect to a Business Combination Within Three Years of Listing

September 20, 2024.
    On March 27, 2024, the New York Stock Exchange LLC (``Exchange'' or 
``NYSE'') filed with the Securities and Exchange Commission 
(``Commission''), pursuant to Section 19(b)(1) of the Securities 
Exchange Act of 1934 (``Exchange Act'') \1\ and Rule 19b-4

[[Page 78950]]

thereunder,\2\ a proposed rule change to amend Section 102.06 of the 
NYSE Listed Company Manual to provide that a special purpose 
acquisition company can remain listed until forty-two months from its 
original listing date if it has entered into a definitive agreement 
with respect to a business combination within three years of listing. 
The proposed rule change was published for comment in the Federal 
Register on April 10, 2024.\3\
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ See Securities Exchange Act Release No. 99906 (Apr. 4, 
2024), 89 FR 25291 (``Notice'').
---------------------------------------------------------------------------

    On May 22, 2024, pursuant to Section 19(b)(2) of the Exchange 
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 July 9, 2024, the Commission instituted 
proceedings under Section 19(b)(2)(B) of the Exchange Act \6\ to 
determine whether to approve or disapprove the proposed rule change.\7\
---------------------------------------------------------------------------

    \4\ 15 U.S.C. 78s(b)(2).
    \5\ See Securities Exchange Act Release No. 100220 (May 22, 
2024), 89 FR 46527 (May 29, 2024).
    \6\ 15 U.S.C. 78s(b)(2)(B).
    \7\ See Securities Exchange Act Release No. 100480 (July 9, 
2024), 89 FR 57436 (July 15, 2024) (``OIP''). Comments received in 
response to the OIP can be found on the Commission's website at: 
https://www.sec.gov/comments/sr-nyse-2024-18/srnyse202418.htm.
---------------------------------------------------------------------------

    On September 10, 2024, the Exchange withdrew the proposed rule 
change (SR-NYSE-2024-18).

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

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

Vanessa A. Countryman,
Secretary.
[FR Doc. 2024-22022 Filed 9-25-24; 8:45 am]
BILLING CODE 8011-01-P

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