Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of Withdrawal of a Proposed Rule Change, as Modified by Amendment No. 1, To Amend Its Rules Regarding the Minimum Increments for Electronic Bids and Offers and Exercise Prices of Certain FLEX Options and Clarify in the Rules How the System Ranks FLEX Option Bids and Offers for Allocation Purposes

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Published

August 5, 2021

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Securities and Exchange Commission

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[Federal Register Volume 86, Number 148 (Thursday, August 5, 2021)]
[Notices]
[Page 42907]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2021-16672]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-92528; File No. SR-CBOE-2020-106]


Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of 
Withdrawal of a Proposed Rule Change, as Modified by Amendment No. 1, 
To Amend Its Rules Regarding the Minimum Increments for Electronic Bids 
and Offers and Exercise Prices of Certain FLEX Options and Clarify in 
the Rules How the System Ranks FLEX Option Bids and Offers for 
Allocation Purposes

July 30, 2021.
    On November 16, 2020, Cboe Exchange, Inc. 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 thereunder,\2\ a proposed rule change to amend its rules 
regarding the minimum increments for electronic bids and offers and 
exercise prices of certain FLEX options and clarify how the system 
ranks FLEX option bids and offers for allocation purposes. On November 
30, 2020, the Exchange filed Amendment No. 1 to the proposed rule 
change, which amended and replaced the proposed rule change in its 
entirety. The Commission published notice of the proposed rule change, 
as modified by Amendment No. 1, in the Federal Register on December 4, 
2020.\3\ On January 14, 2021, 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 March 4, 2021, 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 May 27, 2021, the Commission designated a longer period for 
Commission action on proceedings to determine whether to approve or 
disapprove the proposed rule change, as modified by Amendment No. 1.\8\ 
On July 8, 2021, the Exchange withdrew the proposed rule change (SR-
CBOE-2020-106).
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ See Securities Exchange Act Release No. 90536 (November 30, 
2020), 85 FR 78381.
    \4\ 15 U.S.C. 78s(b)(2).
    \5\ See Securities Exchange Act Release No. 90926, 86 FR 6710 
(January 22, 2021).
    \6\ 15 U.S.C. 78s(b)(2)(B).
    \7\ See Securities Exchange Act Release No. 91257, 86 FR 13769 
(March 10, 2021). The Commission received one comment letter, which 
was from the Exchange, in response to the order instituting 
proceedings. The comment letter is available at the Commission's 
website at: <a href="https://www.sec.gov/comments/sr-cboe-2020-106/srcboe2020106-8744076-237183.pdf">https://www.sec.gov/comments/sr-cboe-2020-106/srcboe2020106-8744076-237183.pdf</a>.
    \8\ See Securities Exchange Act Release No. 92040, 85 FR 29817 
(June 3, 2021).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\9\
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    \9\ 17 CFR 200.30-3(a)(12).
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J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2021-16672 Filed 8-4-21; 8:45 am]
BILLING CODE 8011-01-P


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