Self-Regulatory Organizations; Cboe BYX Exchange, Inc.; Notice of Designation of a Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change, as Modified by Amendment No. 1, To Amend Exchange Rule 11.25(e) To Allow Users To Utilize the Exchange's Match Trade Prevention Functionality When Entering Periodic Auction Orders Onto the Exchange for Execution, 104276 [2024-30352]
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104276
Federal Register / Vol. 89, No. 245 / Friday, December 20, 2024 / Notices
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.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.65
Sherry R. Haywood,
Assistant Secretary.
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:
BILLING CODE 8011–01–P
ddrumheller on DSK120RN23PROD with NOTICES1
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–
SAPPHIRE–2024–41 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–SAPPHIRE–2024–41. 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–SAPPHIRE–2024–41 and should be
submitted on or before January 10, 2025.
VerDate Sep<11>2014
20:12 Dec 19, 2024
Jkt 265001
[FR Doc. 2024–30350 Filed 12–19–24; 8:45 am]
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–101927; File No. SR–
CboeBYX–2024–009]
Self-Regulatory Organizations; Cboe
BYX Exchange, Inc.; Notice of
Designation of a Longer Period for
Commission Action on Proceedings To
Determine Whether To Approve or
Disapprove a Proposed Rule Change,
as Modified by Amendment No. 1, To
Amend Exchange Rule 11.25(e) To
Allow Users To Utilize the Exchange’s
Match Trade Prevention Functionality
When Entering Periodic Auction
Orders Onto the Exchange for
Execution
December 16, 2024.
On June 6, 2024, Cboe BYX Exchange,
Inc. (‘‘Exchange’’) 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
amend Exchange Rule 11.25(e) to allow
Users to utilize the Exchange’s Match
Trade Prevention functionality when
entering Periodic Auction Orders onto
the Exchange for execution. The
proposed rule change was published for
comment in the Federal Register on
June 21, 2024.3 On August 5, 2024, the
Commission extended the time period
within which to approve, disapprove
the proposed rule change, or institute
proceedings to determine whether to
approve or disapprove the proposed
rule change to September 19, 2024.4 On
September 18, 2024, the Exchange filed
Amendment No. 1 to the proposed rule
change.5 On September 19, 2024, the
Commission issued notice of the
proposed rule change, as modified by
Amendment No. 1, and simultaneously
instituted proceedings under Section
19(b)(2)(B) of the Act 6 to determine
whether to approve or disapprove the
proposed rule change, as modified by
Amendment No. 1 (‘‘Order Instituting
Proceedings’’).7
Section 19(b)(2) of the Act 8 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 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 notice and
comment in the Federal Register on
June 21, 2024.9 December 18, 2024 is
180 days from that date, and February,
16, 2025 is 240 days from that date.
The Commission finds it appropriate
to designate a longer period within
which to issue an order approving or
disapproving the proposed rule change,
as modified by Amendment No. 1, so
that it has sufficient time to consider the
proposed rule change, as modified by
Amendment No. 1. Accordingly, the
Commission, pursuant to Section
19(b)(2) of the Act,10 designates
February 16, 2025 as the date by which
the Commission shall either approve or
disapprove the proposed rule change, as
modified by Amendment No. 1 (File No.
SR–CboeBYX–2024–009).
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.11
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2024–30352 Filed 12–19–24; 8:45 am]
65 17
CFR 200.30–3(a)(12).
1 15 U.S.C.78s(b)(1).
2 17 CFR 240.19b–4.
3 See Securities Exchange Act Release No. 100337
(June 14, 2024), 89 FR 52148 (‘‘Notice’’).
4 See Securities Exchange Act Release No.
100649, 89 FR 65420 (August 9, 2024). The
Commission has received no comment letters on the
proposed rule change.
5 Amendment No. 1 modifies the proposed rule
change by: (1) amending rule text relating to
Exchange Match Trade Prevention functionality
when entering Periodic Auction Orders onto the
Exchange for execution; and (2) adding new rule
text describing how the Exchange will handle
Periodic Auction Orders entered as a Minimum
Quantity Order with a Match Trade Prevention
modifier.
PO 00000
Frm 00205
Fmt 4703
Sfmt 9990
BILLING CODE 8011–01–P
6 15
U.S.C. 78s(b)(2)(B).
Securities Exchange Act Release No.
101105, 89 FR 78418 (September 25, 2024).
8 15 U.S.C. 78s(b)(2).
9 See Notice, supra note 3.
10 15 U.S.C. 78s(b)(2).
11 17 CFR 200.30–3(a)(57).
7 See
E:\FR\FM\20DEN1.SGM
20DEN1
Agencies
[Federal Register Volume 89, Number 245 (Friday, December 20, 2024)]
[Notices]
[Page 104276]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-30352]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-101927; File No. SR-CboeBYX-2024-009]
Self-Regulatory Organizations; Cboe BYX Exchange, Inc.; Notice of
Designation of a Longer Period for Commission Action on Proceedings To
Determine Whether To Approve or Disapprove a Proposed Rule Change, as
Modified by Amendment No. 1, To Amend Exchange Rule 11.25(e) To Allow
Users To Utilize the Exchange's Match Trade Prevention Functionality
When Entering Periodic Auction Orders Onto the Exchange for Execution
December 16, 2024.
On June 6, 2024, Cboe BYX Exchange, Inc. (``Exchange'') 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 amend Exchange
Rule 11.25(e) to allow Users to utilize the Exchange's Match Trade
Prevention functionality when entering Periodic Auction Orders onto the
Exchange for execution. The proposed rule change was published for
comment in the Federal Register on June 21, 2024.\3\ On August 5, 2024,
the Commission extended the time period within which to approve,
disapprove the proposed rule change, or institute proceedings to
determine whether to approve or disapprove the proposed rule change to
September 19, 2024.\4\ On September 18, 2024, the Exchange filed
Amendment No. 1 to the proposed rule change.\5\ On September 19, 2024,
the Commission issued notice of the proposed rule change, as modified
by Amendment No. 1, and simultaneously instituted proceedings under
Section 19(b)(2)(B) of the Act \6\ to determine whether to approve or
disapprove the proposed rule change, as modified by Amendment No. 1
(``Order Instituting Proceedings'').\7\
---------------------------------------------------------------------------
\1\ 15 U.S.C.78s(b)(1).
\2\ 17 CFR 240.19b-4.
\3\ See Securities Exchange Act Release No. 100337 (June 14,
2024), 89 FR 52148 (``Notice'').
\4\ See Securities Exchange Act Release No. 100649, 89 FR 65420
(August 9, 2024). The Commission has received no comment letters on
the proposed rule change.
\5\ Amendment No. 1 modifies the proposed rule change by: (1)
amending rule text relating to Exchange Match Trade Prevention
functionality when entering Periodic Auction Orders onto the
Exchange for execution; and (2) adding new rule text describing how
the Exchange will handle Periodic Auction Orders entered as a
Minimum Quantity Order with a Match Trade Prevention modifier.
\6\ 15 U.S.C. 78s(b)(2)(B).
\7\ See Securities Exchange Act Release No. 101105, 89 FR 78418
(September 25, 2024).
---------------------------------------------------------------------------
Section 19(b)(2) of the Act \8\ 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 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 notice and comment in the Federal Register on
June 21, 2024.\9\ December 18, 2024 is 180 days from that date, and
February, 16, 2025 is 240 days from that date.
---------------------------------------------------------------------------
\8\ 15 U.S.C. 78s(b)(2).
\9\ See Notice, supra note 3.
---------------------------------------------------------------------------
The Commission finds it appropriate to designate a longer period
within which to issue an order approving or disapproving the proposed
rule change, as modified by Amendment No. 1, so that it has sufficient
time to consider the proposed rule change, as modified by Amendment No.
1. Accordingly, the Commission, pursuant to Section 19(b)(2) of the
Act,\10\ designates February 16, 2025 as the date by which the
Commission shall either approve or disapprove the proposed rule change,
as modified by Amendment No. 1 (File No. SR-CboeBYX-2024-009).
---------------------------------------------------------------------------
\10\ 15 U.S.C. 78s(b)(2).
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\11\
---------------------------------------------------------------------------
\11\ 17 CFR 200.30-3(a)(57).
---------------------------------------------------------------------------
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2024-30352 Filed 12-19-24; 8:45 am]
BILLING CODE 8011-01-P