Self-Regulatory Organizations; Cboe EDGX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Extend the Implementation Date of Functionality That Will Provide Members and Clearing Members With the Option To Utilize Additional Credit Risk Settings Under Interpretation and Policy .03 of Rule 11.10 ("Aggregate Credit Risk Checks"), 81976-81978 [2024-23289]

Download as PDF 81976 Federal Register / Vol. 89, No. 196 / Wednesday, October 9, 2024 / Notices potential confusion that may otherwise occur on the part of IEX members as to the applicable rules governing inspections of branch offices and other locations. For these reasons, the Commission believes that waiver of the 30-day operative delay for this proposed rule change 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 operative upon filing.74 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 under Section 19(b)(2)(B) 75 of the Act to determine whether the proposed rule change 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: khammond on DSKJM1Z7X2PROD with NOTICES 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– IEX–2024–19 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–IEX–2024–19. 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 74 For purposes only of waiving the 30-day operative delay, the Commission has considered the proposed rule change’s impact on efficiency, competition, and capital formation. See 15 U.S.C. 78c(f). 75 15 U.S.C. 78s(b)(2)(B). VerDate Sep<11>2014 18:04 Oct 08, 2024 Jkt 265001 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 10:00 a.m. and 3:00 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–IEX–2024–19 and should be submitted on or before October 30, 2024. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.76 Vanessa A. Countryman, Secretary. [FR Doc. 2024–23286 Filed 10–8–24; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–101242; File No. SR– CboeEDGX–2024–060] Self-Regulatory Organizations; Cboe EDGX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Extend the Implementation Date of Functionality That Will Provide Members and Clearing Members With the Option To Utilize Additional Credit Risk Settings Under Interpretation and Policy .03 of Rule 11.10 (‘‘Aggregate Credit Risk Checks’’) October 3, 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 26, 2024, Cboe EDGX Exchange, Inc. (the ‘‘Exchange’’ or ‘‘EDGX’’) filed with the Securities and Exchange Commission (‘‘SEC’’ or ‘‘Commission’’) the proposed rule 76 17 CFR 200.30–3(a)(12). U.S.C. 78s(b)(1). 2 17 CFR 240.19b–4. 1 15 PO 00000 Frm 00097 Fmt 4703 Sfmt 4703 change as described in Items I and II below, which Items have been prepared by the Exchange. 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 EDGX Exchange, Inc. (the ‘‘Exchange’’ or ‘‘EDGX’’) proposes to extend the implementation date of functionality that will provide Members and Clearing Members with the option to utilize additional credit risk settings under Interpretation and Policy .03 or Rule 11.10 (‘‘Aggregate Credit Risk Checks’’). The text of the proposed rule change is also available on the Exchange’s website (https://markets.cboe.com/us/ options/regulation/rule_filings/edgx/), 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 Exchange is filing this proposal to extend the implementation date of functionality providing Members and Clearing Members with the option to utilize additional Aggregate Credit Risk Checks. The functionality relating to these additional risk settings was submitted by the Exchange on an immediately effective basis on May 29, 2024.3 The Aggregate Credit Risk Checks offered under Interpretation and Policy .03 or Rule 11.10, provide Members and Clearing Members with additional, optional credit risk settings, at the Market Participant Identifier (‘‘MPID’’) 3 See Securities Exchange Act Release No. 100304 (June 10, 2024), 89 FR 50637 (June 14, 2024) (SR– CboeEDGX–2024–028). E:\FR\FM\09OCN1.SGM 09OCN1 khammond on DSKJM1Z7X2PROD with NOTICES Federal Register / Vol. 89, No. 196 / Wednesday, October 9, 2024 / Notices 2. Statutory Basis level and/or to a subset of orders identified within the MPID level (the The Exchange believes the proposed ‘‘risk group identifier’’ level) that rule change is consistent with the authorizes the Exchange to take Securities Exchange Act of 1934 (the automated action if a designated limit ‘‘Act’’), in general, and furthers the for a Member is breached. These risk objectives of Section 6(b) of the Act 4 in settings will provide Members and particular, in that it is designed to Clearing Members with enhanced promote just and equitable principles of abilities to manage their risk with trade, to remove impediments to and respect to orders on the Exchange. perfect the mechanism of a free and Specifically, the Exchange intends to open market and a national market offer two aggregate credit risk settings as system, and, in general to protect follows: investors and the public interest. The • The ‘‘Aggregate Gross Credit Exchange’s proposal to delay the Exposure Limit’’, which refers to a preimplementation of Aggregate Credit Risk established maximum daily dollar Checks to on or after November 22, amount for purchases and sales across 2024, is consistent with the Act and all symbols, where both purchases and protection of investors and general sales are counted as positive values. For public because it will permit the purposes of calculating the Aggregate Exchange additional time to ensure the Gross Credit Exposure Limit, both Exchange can properly develop, test, executed and open orders are included; and deploy the Aggregate Credit Risk and Checks. Moreover, the Aggregate Credit • The ‘‘Aggregate Net Credit Exposure Risk Checks themselves were previously Limit’’, which refers to a pre-established approved [sic] by the Commission,5 and maximum daily dollar amount for this proposal does not change the purchases and sales across all symbols, substance of those functionalities. As where purchases are counted as positive noted, the Exchange would issue a values and sales are counted as negative Trade Desk Notice announcing the exact values. For purposes of calculating the implementation date to members and Aggregate Net Credit Exposure Limit, member organizations. both executed and open orders are B. Self-Regulatory Organization’s included. Statement on Burden on Competition The Exchange initially proposed to The Exchange does not believe that implement the Aggregate Credit Risk the proposed rule change will impose Checks by October 31, 2024. While this date is not included in the relevant rule any burden on competition that is not text codifying the Aggregate Credit Risk necessary or appropriate in furtherance Checks, the Exchange separately notates of the purposes of the Act. As noted above, the purpose of this proposal is in its rulebook when it plans to simply to extend the implementation implement new functionality that was date for the additional aggregate credit either immediately effective upon rule risk settings so that the Exchange has filing, or approved by the SEC. additional time for development, Estimated implementation dates are testing, and deployment. sometimes necessary so because implementing new functionality C. Self-Regulatory Organization’s sometimes requires additional time to Statement on Comments on the develop, test, and deploy, and such Proposed Rule Change Received From timeline may not always coincide with Members, Participants, or Others the statutory rule filing process. As The Exchange neither solicited nor such, the Exchange provides estimated implementation dates to make Members received comments on the proposed rule change. aware that certain rule text is subject to amendment post implementation of the III. Date of Effectiveness of the new functionality, as well as to provide Proposed Rule Change and Timing for Members with sufficient notice so that Commission Action they can make any necessary The Exchange has filed the proposed technological or operational rule change pursuant to Section adjustments to their systems (if 19(b)(3)(A)(iii) of the Act 6 and Rule applicable). However, more time is 19b–4(f)(6) thereunder.7 Because the needed to design, test, and implement proposed rule change does not: (i) the Aggregate Credit Ris Checks. significantly affect the protection of Accordingly, the Exchange proposes to investors or the public interest; (ii) implement the Aggregate Credit Risk Checks on or after November 22, 2024. 4 15 U.S.C. 78f(b). The Exchange would issue a Trade Desk 5 Supra note 3. 6 15 U.S.C. 78s(b)(3)(A)(iii). Notice announcing the exact 7 17 CFR 240.19b–4(f)(6). implementation date to Users. VerDate Sep<11>2014 17:05 Oct 08, 2024 Jkt 265001 PO 00000 Frm 00098 Fmt 4703 Sfmt 4703 81977 impose any significant burden on competition; and (iii) become operative prior to 30 days from the date on which it was filed, or such shorter time as the Commission may designate, if consistent with the protection of investors and the public interest, the proposed rule change has become effective pursuant to Section 19(b)(3)(A) of the Act 8 and Rule 19b–4(f)(6)(iii) thereunder.9 A proposed rule change filed under Rule 19b–4(f)(6) 10 normally does not become operative prior to 30 days after the date of the filing. However, pursuant to Rule 19b–4(f)(6)(iii),11 the Commission may designate a shorter time if such action is consistent with the protection of investors and the public interest. The Exchange has asked the Commission to waive the 30-day operative delay so that the proposal may become operative immediately upon filing. The Exchange states that more time is required to ensure optimal design, testing, and implementation for the Aggregate Credit Risk Checks, and thus, waiver of the operative delay will provide Exchange with such additional time. As such, the Commission believes that waiver of the operative delay is consistent with the protection of investors and the public interest because it would ensure that the Exchange has extra time to properly deploy these new aggregate credit risk functionalities, which is to the benefit of market participants that will eventually utilize the Aggregate Credit Risk Checks. Accordingly, the Commission hereby waives the 30-day operative delay and designates the proposal operative upon filing.12 At any time within 60 days of the filing of this 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 8 15 U.S.C. 78s(b)(3)(A). CFR 240.19b–4(f)(6). In addition, Rule 19b– 4(f)(6)(iii) requires the Exchange to give the Commission written notice of the Exchange’s 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. 10 17 CFR 240.19b–4(f)(6). 11 17 CFR 240.19b–4(f)(6)(iii). 12 For purposes only of waiving the 30-day operative delay, the Commission has considered the proposed rule’s impact on efficiency, competition, and capital formation. See 15 U.S.C. 78c(f). 9 17 E:\FR\FM\09OCN1.SGM 09OCN1 81978 Federal Register / Vol. 89, No. 196 / Wednesday, October 9, 2024 / Notices under Section 19(b)(2)(B) 13 of the Act to determine whether the proposed rule change 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: khammond on DSKJM1Z7X2PROD with NOTICES 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– CboeEDGX–2024–060 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–CboeEDGX–2024–060. 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–CboeEDGX–2024–060, and should 13 15 U.S.C. 78s(b)(2)(B). VerDate Sep<11>2014 17:05 Oct 08, 2024 be submitted on or before October 30, 2024. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.14 Vanessa A. Countryman, Secretary. [FR Doc. 2024–23289 Filed 10–8–24; 8:45 am] BILLING CODE 8011–01–P SMALL BUSINESS ADMINISTRATION Percent [Disaster Declaration #20705 and #20706; VIRGINIA Disaster Number VA–20011] Presidential Declaration of a Major Disaster for the Commonwealth of Virginia U.S. Small Business Administration. ACTION: Notice. AGENCY: This is a Notice of the Presidential declaration of a major disaster for the Commonwealth of Virginia (FEMA–4831–DR), dated October 1, 2024. DATES: Issued on October 1, 2024. Physical Loan Application Deadline Date: December 2, 2024. Economic Injury (EIDL) Loan Application Deadline Date: July 1, 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 President’s major disaster declaration on 10/01/2024, 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. Incident: Tropical Storm Helene. Incident Period: September 25, 2024 and continuing. The following areas have been determined to be adversely affected by the disaster: Primary Counties (Physical Damage and Economic Injury Loans): Giles, Grayson, Smyth, Tazewell, Washington, Wythe and the Independent City of Galax. SUMMARY: 14 17 Jkt 265001 Contiguous Counties (Economic Injury Loans Only): Virginia: Bland, Buchanan, Carroll, Craig, Montgomery, Pulaski, Russell, Scott and the Independent City of Bristol. North Carolina: Alleghany, Ashe, Surry. Tennessee: Johnson, Sullivan. West Virginia: McDowell, Mercer, Monroe, Summers. The Interest Rates are: PO 00000 CFR 200.30–3(a)(12), (59). Frm 00099 Fmt 4703 Sfmt 4703 For Physical Damage: Homeowners with Credit Available Elsewhere ................................. Homeowners without Credit Available Elsewhere ......................... Businesses with Credit Available Elsewhere ................................. Businesses without Credit Available Elsewhere ......................... Non-Profit Organizations with Credit Available Elsewhere ....... Non-Profit Organizations without Credit Available Elsewhere ....... For Economic Injury: Business and Small Agricultural Cooperatives without Credit Available Elsewhere .............. Non-Profit Organizations without Credit Available Elsewhere ..................................... 5.625 2.813 8.000 4.000 3.250 3.250 4.000 3.250 The number assigned to this disaster for physical damage is 207058 and for economic injury is 207060. (Catalog of Federal Domestic Assistance Number 59008) Rafaela Monchek, Deputy Associate Administrator, Office of Disaster Recovery & Resilience. [FR Doc. 2024–23345 Filed 10–8–24; 8:45 am] BILLING CODE 8026–09–P DEPARTMENT OF TRANSPORTATION Federal Aviation Administration [Docket No.: FAA–2025–2406; Summary Notice No. –2024–43] Petition for Exemption; Summary of Petition Received; International Aero Engines, LLC Federal Aviation Administration (FAA), Department of Transportation (DOT). ACTION: Notice. AGENCY: This notice contains a summary of a petition seeking relief from specified requirements of Federal Aviation Regulations. The purpose of this notice is to improve the public’s awareness of, and participation in, the FAA’s exemption process. Neither SUMMARY: E:\FR\FM\09OCN1.SGM 09OCN1

Agencies

[Federal Register Volume 89, Number 196 (Wednesday, October 9, 2024)]
[Notices]
[Pages 81976-81978]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-23289]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-101242; File No. SR-CboeEDGX-2024-060]


Self-Regulatory Organizations; Cboe EDGX Exchange, Inc.; Notice 
of Filing and Immediate Effectiveness of a Proposed Rule Change To 
Extend the Implementation Date of Functionality That Will Provide 
Members and Clearing Members With the Option To Utilize Additional 
Credit Risk Settings Under Interpretation and Policy .03 of Rule 11.10 
(``Aggregate Credit Risk Checks'')

October 3, 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 26, 2024, Cboe EDGX Exchange, Inc. (the ``Exchange'' or 
``EDGX'') filed with the Securities and Exchange Commission (``SEC'' or 
``Commission'') the proposed rule change as described in Items I and II 
below, which Items have been prepared by the Exchange. The Commission 
is publishing this notice to solicit comments on the proposed rule 
change from interested persons.
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
---------------------------------------------------------------------------

I. Self-Regulatory Organization's Statement of the Terms of Substance 
of the Proposed Rule Change

    Cboe EDGX Exchange, Inc. (the ``Exchange'' or ``EDGX'') proposes to 
extend the implementation date of functionality that will provide 
Members and Clearing Members with the option to utilize additional 
credit risk settings under Interpretation and Policy .03 or Rule 11.10 
(``Aggregate Credit Risk Checks'').
    The text of the proposed rule change is also available on the 
Exchange's website (https://markets.cboe.com/us/options/regulation/rule_filings/edgx/), 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 Exchange is filing this proposal to extend the implementation 
date of functionality providing Members and Clearing Members with the 
option to utilize additional Aggregate Credit Risk Checks. The 
functionality relating to these additional risk settings was submitted 
by the Exchange on an immediately effective basis on May 29, 2024.\3\
---------------------------------------------------------------------------

    \3\ See Securities Exchange Act Release No. 100304 (June 10, 
2024), 89 FR 50637 (June 14, 2024) (SR-CboeEDGX-2024-028).
---------------------------------------------------------------------------

    The Aggregate Credit Risk Checks offered under Interpretation and 
Policy .03 or Rule 11.10, provide Members and Clearing Members with 
additional, optional credit risk settings, at the Market Participant 
Identifier (``MPID'')

[[Page 81977]]

level and/or to a subset of orders identified within the MPID level 
(the ``risk group identifier'' level) that authorizes the Exchange to 
take automated action if a designated limit for a Member is breached. 
These risk settings will provide Members and Clearing Members with 
enhanced abilities to manage their risk with respect to orders on the 
Exchange. Specifically, the Exchange intends to offer two aggregate 
credit risk settings as follows:
     The ``Aggregate Gross Credit Exposure Limit'', which 
refers to a pre-established 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, both executed and 
open orders are included.
    The Exchange initially proposed to implement the Aggregate Credit 
Risk Checks by October 31, 2024. While this date is not included in the 
relevant rule text codifying the Aggregate Credit Risk Checks, the 
Exchange separately notates in its rulebook when it plans to implement 
new functionality that was either immediately effective upon rule 
filing, or approved by the SEC. Estimated implementation dates are 
sometimes necessary so because implementing new functionality sometimes 
requires additional time to develop, test, and deploy, and such 
timeline may not always coincide with the statutory rule filing 
process. As such, the Exchange provides estimated implementation dates 
to make Members aware that certain rule text is subject to amendment 
post implementation of the new functionality, as well as to provide 
Members with sufficient notice so that they can make any necessary 
technological or operational adjustments to their systems (if 
applicable). However, more time is needed to design, test, and 
implement the Aggregate Credit Ris Checks. Accordingly, the Exchange 
proposes to implement the Aggregate Credit Risk Checks on or after 
November 22, 2024. The Exchange would issue a Trade Desk Notice 
announcing the exact implementation date to Users.
2. Statutory Basis
    The Exchange believes the proposed rule change is consistent with 
the Securities Exchange Act of 1934 (the ``Act''), in general, and 
furthers the objectives of Section 6(b) of the Act \4\ in particular, 
in that it is designed to promote just and equitable principles of 
trade, to remove impediments to and perfect the mechanism of a free and 
open market and a national market system, and, in general to protect 
investors and the public interest. The Exchange's proposal to delay the 
implementation of Aggregate Credit Risk Checks to on or after November 
22, 2024, is consistent with the Act and protection of investors and 
general public because it will permit the Exchange additional time to 
ensure the Exchange can properly develop, test, and deploy the 
Aggregate Credit Risk Checks. Moreover, the Aggregate Credit Risk 
Checks themselves were previously approved [sic] by the Commission,\5\ 
and this proposal does not change the substance of those 
functionalities. As noted, the Exchange would issue a Trade Desk Notice 
announcing the exact implementation date to members and member 
organizations.
---------------------------------------------------------------------------

    \4\ 15 U.S.C. 78f(b).
    \5\ Supra note 3.
---------------------------------------------------------------------------

B. Self-Regulatory Organization's Statement on Burden on Competition

    The Exchange does not believe that the proposed rule change will 
impose any burden on competition that is not necessary or appropriate 
in furtherance of the purposes of the Act. As noted above, the purpose 
of this proposal is simply to extend the implementation date for the 
additional aggregate credit risk settings so that the Exchange has 
additional time for development, testing, and deployment.

C. Self-Regulatory Organization's Statement on Comments on the Proposed 
Rule Change Received From Members, Participants, or Others

    The Exchange neither solicited nor received comments on the 
proposed rule change.

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 \6\ and Rule 19b-4(f)(6) thereunder.\7\ 
Because the 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 prior to 
30 days from the date on which it was filed, or such shorter time as 
the Commission may designate, if consistent with the protection of 
investors and the public interest, the proposed rule change has become 
effective pursuant to Section 19(b)(3)(A) of the Act \8\ and Rule 19b-
4(f)(6)(iii) thereunder.\9\
---------------------------------------------------------------------------

    \6\ 15 U.S.C. 78s(b)(3)(A)(iii).
    \7\ 17 CFR 240.19b-4(f)(6).
    \8\ 15 U.S.C. 78s(b)(3)(A).
    \9\ 17 CFR 240.19b-4(f)(6). In addition, Rule 19b-4(f)(6)(iii) 
requires the Exchange to give the Commission written notice of the 
Exchange's 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.
---------------------------------------------------------------------------

    A proposed rule change filed under Rule 19b-4(f)(6) \10\ normally 
does not become operative prior to 30 days after the date of the 
filing. However, pursuant to Rule 19b-4(f)(6)(iii),\11\ the Commission 
may designate a shorter time if such action is consistent with the 
protection of investors and the public interest. The Exchange has asked 
the Commission to waive the 30-day operative delay so that the proposal 
may become operative immediately upon filing. The Exchange states that 
more time is required to ensure optimal design, testing, and 
implementation for the Aggregate Credit Risk Checks, and thus, waiver 
of the operative delay will provide Exchange with such additional time. 
As such, the Commission believes that waiver of the operative delay is 
consistent with the protection of investors and the public interest 
because it would ensure that the Exchange has extra time to properly 
deploy these new aggregate credit risk functionalities, which is to the 
benefit of market participants that will eventually utilize the 
Aggregate Credit Risk Checks. Accordingly, the Commission hereby waives 
the 30-day operative delay and designates the proposal operative upon 
filing.\12\
---------------------------------------------------------------------------

    \10\ 17 CFR 240.19b-4(f)(6).
    \11\ 17 CFR 240.19b-4(f)(6)(iii).
    \12\ For purposes only of waiving the 30-day operative delay, 
the Commission has considered the proposed rule's impact on 
efficiency, competition, and capital formation. See 15 U.S.C. 
78c(f).
---------------------------------------------------------------------------

    At any time within 60 days of the filing of this 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

[[Page 81978]]

under Section 19(b)(2)(B) \13\ of the Act to determine whether the 
proposed rule change should be approved or disapproved.
---------------------------------------------------------------------------

    \13\ 15 U.S.C. 78s(b)(2)(B).
---------------------------------------------------------------------------

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 [email protected]. Please include 
file number SR-CboeEDGX-2024-060 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-CboeEDGX-2024-060. 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-CboeEDGX-2024-060, and 
should be submitted on or before October 30, 2024.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\14\
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    \14\ 17 CFR 200.30-3(a)(12), (59).
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Vanessa A. Countryman,
Secretary.
[FR Doc. 2024-23289 Filed 10-8-24; 8:45 am]
BILLING CODE 8011-01-P


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