Notice2022-12399
Self-Regulatory Organizations; Cboe BZX 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 Introduce a New Data Product To Be Known as the Short Volume Report
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
June 9, 2022
Issuing agencies
Securities and Exchange Commission
Full Text
<html>
<head>
<title>Federal Register, Volume 87 Issue 111 (Thursday, June 9, 2022)</title>
</head>
<body><pre>
[Federal Register Volume 87, Number 111 (Thursday, June 9, 2022)]
[Notices]
[Page 35272]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-12399]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-95034; File No. SR-CboeBZX-2021-078]
Self-Regulatory Organizations; Cboe BZX 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 Introduce a New Data Product To Be
Known as the Short Volume Report
June 3, 2022.
On November 17, 2021, Cboe BZX Exchange, Inc. (``BZX'' or
``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 11.22(f) to introduce a new
data product to be known as the Short Volume Report. The proposed rule
change was published for comment in the Federal Register on December 7,
2021.\3\ On January 20, 2022, pursuant to Section 19(b)(2) of the
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 7, 2022, the Commission instituted
proceedings under Section 19(b)(2)(B) of the Act \6\ to determine
whether to approve or disapprove the proposed rule change.\7\ On March
30, 2022, the Exchange filed Amendment No. 1 to the proposed rule
change, which superseded the proposed rule change as originally filed.
The proposed rule change, as modified by Amendment No. 1, was published
for comment in the Federal Register on April 28, 2022.\8\
---------------------------------------------------------------------------
\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
\3\ See Securities Exchange Act Release No. 93688 (December 1,
2021), 86 FR 69319 (``Notice''). The comment letters received on the
proposed rule change are available on the Commission's website at:
<a href="https://www.sec.gov/comments/sr-cboebzx-2021-078/srcboebzx2021078.htm">https://www.sec.gov/comments/sr-cboebzx-2021-078/srcboebzx2021078.htm</a>.
\4\ 15 U.S.C. 78s(b)(2).
\5\ See Securities Exchange Act Release No. 94010, 87 FR 4075
(January 26, 2022). The Commission designated March 7, 2022 as the
date by which the Commission shall approve or disapprove, or
institute proceedings to determine whether to disapprove, the
proposed rule change.
\6\ 15 U.S.C. 78s(b)(2)(B).
\7\ See Securities Exchange Act Release No. 94372, 87 FR 14053
(March 11, 2022).
\8\ See Securities Exchange Act Release No. 94788 (April 22,
2022), 87 FR 25328.
---------------------------------------------------------------------------
Section 19(b)(2) of the Act \9\ 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 the 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 comment in the Federal Register
on December 7, 2021.\10\ The 180th day after publication of the
proposed rule change is June 5, 2022. The Commission is extending the
time period for approving or disapproving the proposal for an
additional 60 days.
---------------------------------------------------------------------------
\9\ 15 U.S.C. 78s(b)(2).
\10\ See Notice, supra note 3.
---------------------------------------------------------------------------
The Commission finds that it is appropriate to designate a longer
period within which to issue an order approving or disapproving the
proposed rule change so that it has sufficient time to consider the
proposed rule change, as modified by Amendment No. 1, and the comments
that have been submitted in connection therewith. Accordingly, the
Commission, pursuant to Section 19(b)(2) of the Act,\11\ designates
August 4, 2022, as the date by which the Commission should either
approve or disapprove the proposed rule change (File No. SR-CboeBZX-
2021-078), as modified by Amendment No. 1.
---------------------------------------------------------------------------
\11\ 15 U.S.C. 78s(b)(2).
\12\ 17 CFR 200.30-3(a)(57).
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\12\
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2022-12399 Filed 6-8-22; 8:45 am]
BILLING CODE 8011-01-P
</pre></body>
</html>Indexed from Federal Register on June 9, 2022.
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.