Notice2021-14013
Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Exclude a National Best Bid or Offer From the Calculation of the BZX Official Closing Price, as Provided in Rule 11.23(c)(2)(B)(ii)(b), That Is Outside the Bands Provided Under the Plan To Address Extraordinary Market Volatility
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
July 1, 2021
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 86 Issue 124 (Thursday, July 1, 2021)</title>
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[Federal Register Volume 86, Number 124 (Thursday, July 1, 2021)]
[Notices]
[Page 35143]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2021-14013]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-92268; File No. SR-CboeBZX-2021-036]
Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of
Designation of a Longer Period for Commission Action on a Proposed Rule
Change To Exclude a National Best Bid or Offer From the Calculation of
the BZX Official Closing Price, as Provided in Rule
11.23(c)(2)(B)(ii)(b), That Is Outside the Bands Provided Under the
Plan To Address Extraordinary Market Volatility
June 25, 2021.
On April 29, 2021, Cboe BZX Exchange, Inc. (``Exchange'' or
``BZX'') 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 exclude a National Best Bid or Offer \3\
(``NBBO'') from the calculation of the BZX Official Closing Price, as
provided in Rule 11.23(c)(2)(B)(ii)(b), that is outside the bands
provided under the Plan to Address Extraordinary Market Volatility
(``Limit Up-Limit Down'' or ``LULD'' Plan).\4\ The proposed rule change
was published for comment in the Federal Register on May 18, 2021.\5\
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\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
\3\ See BZX Rule 1.5(o).
\4\ See Securities Exchange Act No. 88704 (April 21, 2020) 85 FR
23383 (April 27, 2020) (File No. 4-634) (Amendment No. 20 Approval
Order).
\5\ See Securities Exchange Act Release No. 91875 (May 12,
2021), 86 FR 26982 (May 18, 2021) (SR-CboeBZX-2021-036)
(``Notice'').
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Section 19(b)(2) of the Act \6\ provides that within 45 days of the
publication of notice of the filing of a proposed rule change, or
within such longer period up to 90 days as the Commission may designate
if it finds such longer period to be appropriate and publishes its
reasons for so finding, or as to which the self-regulatory organization
consents, the Commission shall either approve the proposed rule change,
disapprove the proposed rule change, or institute proceedings to
determine whether the proposed rule change should be disapproved. The
45th day after publication of the Notice for this proposed rule change
is July 2, 2021.
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\6\ 15 U.S.C. 78s(b)(2).
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The Commission is extending the 45-day time period for Commission
action on the proposed rule change. The Commission finds it appropriate
to designate a longer period within which to take action on the
proposed rule change so that it has sufficient time to consider the
proposed rule change.
Accordingly, pursuant to Section 19(b)(2) of the Act,\7\ the
Commission designates August 16, 2021 as the date by which the
Commission shall either approve or disapprove, or institute proceedings
to determine whether to disapprove, the proposed rule change (File No.
SR-CboeBZX-2021-036).
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\7\ Id.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\8\
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\8\ 17 CFR 200.30-3(a)(31).
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J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2021-14013 Filed 6-30-21; 8:45 am]
BILLING CODE 8011-01-P
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</html>Indexed from Federal Register on July 1, 2021.
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