Notice2022-08676
Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Designation of Longer Period for Commission Action on a Proposed Rule Change To Amend BZX Rule 11.17, Clearly Erroneous Executions
Primary source
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Published
April 25, 2022
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 87 Issue 79 (Monday, April 25, 2022)</title>
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[Federal Register Volume 87, Number 79 (Monday, April 25, 2022)]
[Notices]
[Page 24351]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-08676]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-94744; File No. SR-CboeBZX-2022-017]
Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of
Designation of Longer Period for Commission Action on a Proposed Rule
Change To Amend BZX Rule 11.17, Clearly Erroneous Executions
April 19, 2022.
On March 7, 2022, Cboe BZX Exchange, Inc. (``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 (i) make the
current clearly erroneous execution (``CEE'') pilot program permanent,
and (ii) limit the circumstances where CEE reviews would continue to be
available during Regular Trading Hours.\3\ The proposed rule change was
published for comment in the Federal Register on March 11, 2022.\4\ The
Commission has received no comment letters on the proposed rule change.
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\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
\3\ The term ``Regular Trading Hours'' means the time between
9:30 a.m. and 4:00 p.m. Eastern Time. See BZX Rule 1.5(w).
\4\ See Securities Exchange Act Release No. 94374 (March 7,
2022), 87 FR 14062.
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Section 19(b)(2) of the Act \5\ 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 April 25, 2022.
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\5\ 15 U.S.C. 78s(b)(2).
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The Commission hereby is extending the 45-day time period for
Commission action on the proposed rule change. The Commission finds
that it is 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,\6\ the Commission designates June 9, 2022, 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-2022-017).
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\6\ Id.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\7\
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\7\ 17 CFR 200.30-3(a)(31).
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J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2022-08676 Filed 4-22-22; 8:45 am]
BILLING CODE 8011-01-P
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</html>Indexed from Federal Register on April 25, 2022.
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