Notice2022-12402
Self-Regulatory Organizations; BOX Exchange LLC.; Notice of Designation of Longer Period for Commission Action on Proposed Rule Change To Amend Rule 12140 (Imposition of Fines for Minor Rule Violations) To Expand the List of Violations Eligible for Disposition Under the Exchange's Minor Rule Violation Plan and Update the Fine Schedule Applicable to Certain Minor Rule Violations
Primary source
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Published
June 9, 2022
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 87 Issue 111 (Thursday, June 9, 2022)</title>
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[Federal Register Volume 87, Number 111 (Thursday, June 9, 2022)]
[Notices]
[Page 35273]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-12402]
[[Page 35273]]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-95037; File No. SR-BOX-2022-08]
Self-Regulatory Organizations; BOX Exchange LLC.; Notice of
Designation of Longer Period for Commission Action on Proposed Rule
Change To Amend Rule 12140 (Imposition of Fines for Minor Rule
Violations) To Expand the List of Violations Eligible for Disposition
Under the Exchange's Minor Rule Violation Plan and Update the Fine
Schedule Applicable to Certain Minor Rule Violations
June 3, 2022.
On March 31, 2022, BOX Exchange LLC (the ``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 Rule
12140 (Imposition of Fines for Minor Rule Violations), to expand the
list of violations eligible for disposition under the Exchange's Minor
Rule Violation Plan (``MRVP'') and update the fine schedule applicable
to minor rule violations related to certain rule violations. The
proposed rule change was published for comment in the Federal Register
on April 21, 2022.\3\
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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. 94729 (April 15,
2022), 87 FR 23893. The Commission has received one comment on the
proposal which does not relate to the substance of the proposed rule
change. The comment letter is available at <a href="https://www.sec.gov/comments/sr-box-2022-08/srbox202208.htm">https://www.sec.gov/comments/sr-box-2022-08/srbox202208.htm</a>.
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Section 19(b)(2) of the Act \4\ 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 for this filing is June 5, 2022. The Commission is extending
this 45-day time period.
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\4\ 15 U.S.C. 78s(b)(2).
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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,\5\ the Commission
designates July 20, 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-BOX-2022-
08).
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\5\ 15 U.S.C. 78s(b)(2).
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\6\
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\6\ 17 CFR 200.30-3(a)(31).
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J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2022-12402 Filed 6-8-22; 8:45 am]
BILLING CODE 8011-01-P
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