Notice2022-16783
Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Rule 19.6
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
August 5, 2022
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 87 Issue 150 (Friday, August 5, 2022)</title>
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[Federal Register Volume 87, Number 150 (Friday, August 5, 2022)]
[Notices]
[Pages 48051-48055]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-16783]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-95406; File No. SR-CboeBZX-2022-042]
Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of
Filing and Immediate Effectiveness of a Proposed Rule Change To Amend
Rule 19.6
August 1, 2022.
Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934
(the ``Act''),\1\ and Rule 19b-4 thereunder,\2\ notice is hereby given
that on August 1, 2022, Cboe BZX Exchange, Inc. (``Exchange'' or
``BZX'') filed with the Securities and Exchange Commission
(``Commission'') the proposed rule change as described in Items I and
II below, which Items have been prepared by the Exchange. The Exchange
filed the proposal as a ``non-controversial'' proposed rule change
pursuant to Section 19(b)(3)(A)(iii) of the Act \3\ and Rule 19b-
4(f)(6) thereunder.\4\ The Commission is publishing this notice to
solicit comments on the proposed rule change from interested persons.
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\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
\3\ 15 U.S.C. 78s(b)(3)(A)(iii).
\4\ 17 CFR 240.19b-4(f)(6).
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I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change
Cboe BZX Exchange, Inc. (the ``Exchange'' or ``BZX Options'')
proposes to amend Rule 19.6. The text of the proposed rule change is
provided in Exhibit 5.
The text of the proposed rule change is also available on the
Exchange's website (<a href="http://markets.cboe.com/us/equities/regulation/rule_filings/bzx/">http://markets.cboe.com/us/equities/regulation/rule_filings/bzx/</a>), at the Exchange's Office of the Secretary, and at
the Commission's Public Reference Room.
II. Self-Regulatory Organization's Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule Change
In its filing with the Commission, the Exchange included statements
concerning the purpose of and basis for the proposed rule change and
discussed any comments it received on the proposed rule change. The
text of these statements may be examined at the places specified in
Item IV below. The Exchange has prepared summaries, set forth in
sections A, B, and C below, of the most significant aspects of such
statements.
A. Self-Regulatory Organization's Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule Change
1. Purpose
The proposed rule change amends Rule 19.6, Interpretation and
Policy .05. Specifically, the Exchange proposes to amend Rule 19.6,
Interpretation and Policy .05(f) to account for conflicts between
different provisions within the Short Term Option Series Rules, extend
current $0.50 strike price intervals in equity options to short term
options with strike prices less than $100, and make other clarifying
changes.
In 2021, the Exchange amended Rule 19.6, Interpretation and Policy
.05 to limit the intervals between strikes in equity options listed as
part of the Short Term Option Series Program, excluding Exchange-Traded
Fund Shares and ETNs, that have an expiration date more than twenty-one
days from the listing date (``Strike Interval Proposal'').\5\ The
Strike Interval Proposal adopted new paragraph (f), which included a
table that intended to specify the applicable strike intervals that
would supersede subparagraph (e) \6\ for Short Term Option Series in
equity options, excluding options on exchange-traded
[[Page 48052]]
fund shares and on exchange-traded notes, which have an expiration more
than 21 days from the listing date. The Strike Interval Proposal was
designed to reduce the density of strike intervals that would be listed
in later weeks, within the Short Term Option Series Program, by
utilizing limitations for intervals between strikes that have an
expiration date more than 21 days from the listing date.
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\5\ See Securities Exchange Act Release No. 91455 (April 1,
2021), 86 FR 18099 (April 7, 2021) (SR-CboeBZX-2021-022).
\6\ Rule 19.6, Interpretation and Policy .05(e) states if a
class does not trade in $1 strike price intervals, the strike price
interval for Short Term Option Series may be (i) $0.50 or greater
where the strike price is less than $75; (ii) $1.00 or greater where
the strike price is between $75 and $150; or (iii) $2.50 or greater
for strike prices greater than $150.
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The Exchange proposes to amend Rule 19.6, Interpretation and Policy
.05 to clarify the current rule text and amend the application of the
table to account for potential conflicts within the Short Term Option
Series Rules. Currently, Rule 19.6, Interpretation and Policy .05(f)
provides that notwithstanding subparagraph (e),\7\ when Short Term
Option Series in equity options (excluding options on ETFs and ETNs)
have an expiration more than 21 days from the listing date, the strike
interval for each option class will be based on the following table:
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\7\ The proposed rule change makes a nonsubstantive change to
correct the term ``subparagraph'' to ``paragraph'' in the
introductory paragraph of Rule 19.6, Interpretation and Policy
.05(f) as well as subparagraph (f)(3).
\8\ The Share Price is the closing price on the primary market
on the last day of the calendar quarter. In the event of a corporate
action, the Share Price of the surviving company is utilized. The
Average Daily Volume is the total number of option contracts traded
in a given security for the applicable calendar quarter divided by
the number of trading days in the applicable calendar quarter.
Beginning on the second trading day in the first month of each
calendar quarter, the Average Daily Volume is calculated by
utilizing data from the prior calendar quarter based on Customer-
cleared volume at OCC. For options listed on the first trading day
of a given calendar quarter, the Average Daily Volume is calculated
using the quarter prior to the last trading calendar quarter. See
Rule 19.6, Interpretation and Policy .05(f)(1) and (2).
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Share price \8\
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Tier Average daily volume $25 to less $75 to less $150 to less $500 or
Less than $25 than $75 than $150 than $500 greater
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1......................................... Greater than 5,000.......... $0.50 $1.00 $1.00 $5.00 $5.00
2......................................... Greater than 1,000 to 5,000. 1.00 1.00 1.00 5.00 10.00
3......................................... 0 to 1,000.................. 2.50 5.00 5.00 5.00 10.00
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First, the Exchange proposes to add the phrase ``which specifies
the applicable interval for listing'' to the end of the first sentence
of paragraph (f). The table within that paragraph provides for the
listing of intervals based on certain parameters (average daily volume
and share price). The Exchange proposes to add the phrase ``which
specifies the applicable interval for listing'' to clarify that the
only permitted intervals are as specified in the table within paragraph
(f), as proposed to be amended.
Second, the Exchange proposes to amend the table in paragraph (f)
to address situations in which there is a conflict between applying the
intervals in paragraph (e) and the table in paragraph (f). Today, there
are instances where a conflict is presented as between the application
of the table within paragraph (f) and the rule text within paragraph
(e) with respect to the correct interval. To address these potential
conflicts, the Exchange proposes that to the extent there is a conflict
between applying the current table within paragraph (f) and the rule
text within paragraph (e), the greater interval would apply. To reflect
this within the Rules, the Exchange proposes to amend the table in
paragraph (f) to specify what the greater interval would be, and thus
the interval the Exchange would apply, in the event of any possible
conflict between the two rule provisions. Specifically, the proposed
rule change amends the table as follows:
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Share price
Average daily ------------------------------------------------------------------------------------
Tier volume $25 to less than $75 to less $150 to less $500 or
Less than $25 $75 than $150 than $500 greater
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1........ Greater than $0.50 for $1.00 for $1.00 for $5.00 $5.00
5,000. strikes less strikes less strikes less
than $100 in than $150. than $150.
Short Term $2.50 for $2.50 for
Option Series strikes greater strikes
Program classes than $150. greater than
and classes $150.
that trade in
$1 increments
in non-Short
Term Options.
$1.00 for
strikes between
$100 and $150
for classes
that do not
otherwise trade
in $1.00
increments in
non-Short Term
Options. $2.50
for strikes
greater than
$150.
2........ Greater than $1.00 for $1.00 for $1.00 for 5.00 10.00
1,000 to 5,000. strikes less strikes less strikes less
than $150. than $150. than $150.
$2.50 for $2.50 for $2.50 for
strikes greater strikes greater strikes
than $150. than $150. greater than
$150.
3........ 0 to 1,000...... $2.50........... $5.00........... $5.00.......... 5.00 10.00
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Below are some examples to demonstrate the application of the
proposed table:
Example 1: Assume a Tier 1 stock that closed on the last day of Q1
with a quarterly share price higher than $75 but less than $150.
Therefore, utilizing the current table within paragraph (f), the
interval would be $1.00 for strikes added during Q2 even for strikes
above $150. However, paragraph (e) provides that the Exchange may list
a Short Term Option Series at $2.50 intervals where the strike price is
above $150. In other words, there is a potential conflict
[[Page 48053]]
between the permitted strike intervals above $150 during Q2. In this
example, current paragraph (f) would specify a $1.00 interval whereas
current paragraph (e) would specify a $2.50 interval. Consistent with
selecting the greater interval (from current paragraph (e)), the
permissible strike interval in this scenario would be $2.50 as set
forth in the proposed table. Therefore, during Q2, the following
strikes would be eligible to list: $152.50 and $157.50. For strikes
less than $150, the following strikes would be eligible to list during
Q2: $149 and $148 because Short Term Option Series with expiration
dates more than 21 days from the listing date as well as Short Term
Option Series with expiration dates less than 21 days from the listing
date would both be eligible to list $1 intervals pursuant to both
paragraphs (e) and (f).
Example 2: Assume a Tier 2 stock that closed on the last day of Q1
with a quarterly share price less than $25. Therefore, utilizing the
current table within paragraph (f), the interval would be $1.00 for
strikes added during Q2 even for strikes above $25. However, paragraph
(e) provides that the Exchange may list a Short Term Option Series at
$0.50 intervals where the strike is less than $100 [sic], at $1.00
intervals where the strike price is between $100 [sic] and $150, and at
$2.50 intervals where the strike price is above $150. In other words,
there is a potential conflict between the permitted strike intervals
below $100 [sic] and above $150 during Q2. In this example, current
paragraph (f) would specify a $1.00 interval for strikes below $100
whereas current paragraph (e) would specify a $0.50 interval.
Consistent with selecting the greater interval (from current paragraph
(f)), the permissible strike interval in this scenario for strikes
below $100 would be $1.00 as set forth in the proposed table. For
strikes between $100 [sic] and $150, there is no conflict, as both
provisions would provide $1.00 intervals for those strikes. For strikes
above $150, current paragraph (f) would specify a $1.00 interval for
strikes above $150 whereas current paragraph (e) would specify a $2.50
interval. Consistent with selecting the greater interval (from current
paragraph (e)), the permissible strike interval in this scenario for
strikes above $150 would be $2.50 as set forth in the proposed table.
Example 3: Assume a Tier 3 stock that closed on the last day of Q1
with a quarterly share price less than $25. Therefore, utilizing the
current table within paragraph (f), the interval would be $2.50 for all
strikes added during Q2. However, paragraph (e) provides that the
Exchange may list a Short Term Option Series at $0.50 intervals where
the strike price is less than $100 [sic], $1.00 intervals where the
strike price is between $100 [sic] and $150, and $2.50 intervals where
the strike price is above $150. In other words, there is a potential
conflict between the permitted strike intervals below $150 during Q2
(there is no conflict for strikes above $150, as both provisions
provide for a $2.50 strike interval). Consistent with selecting the
greater interval (From current paragraph (f)), the permissible strike
interval in this scenario for strikes below $150 would be $2.50 as set
forth in the proposed table.\9\
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\9\ The Exchange made similar corresponding changes to the table
for tier 1 and tier 2 stocks with prices $25 to less than $75 and
$75 to less than $150, with all potential conflicts between current
paragraphs (e) and (f) resolved to apply the greater interval.
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Third, the Exchange proposes to delete the last sentence of the
introductory paragraph of paragraph (f), which states ``[t]he below
table indicates the applicable strike intervals and supersedes
paragraph (d) above, which permits additional series to be opened for
trading on the Exchange when the Exchange deems it necessary to
maintain an orderly market, to meet customer demand or when the market
price of the underlying security moves substantially from the exercise
price or prices of the series already opened.'' The table within
paragraph (f) supersedes other rules pertaining to strike intervals,
but the table does not supersede rules governing the addition of
options series. Therefore, the table within paragraph (f) and the rule
text of paragraph (d) do not conflict with each other. Deleting the
reference to paragraph (d) will avoid potential confusion.
Fourth, the Exchange proposes to delete subparagraph (f)(4), which
states ``[n]otwithstanding the limitations imposed by this subparagraph
(f), this subparagraph (f) does not amend the range of strikes for
Short Term Option Series may be listed pursuant to subparagraph (e)
above.'' While the range limitations continue to be applicable within
paragraph (f), the strike ranges do not conflict with the strike
intervals and therefore the sentence is not necessary. Removing this
provision will avoid potential confusion.
Finally, the Exchange proposes to amend Rule 19.6, Interpretation
and Policy .05(e) to extend $0.50 strike price intervals in equity
options to short-term options with strike prices less than $100 instead
of the current $75. This proposed change is intended to conform this
provision of the Short Term Option Series Program to that of other
options exchanges.\10\ With this proposed change, for short term
options in equity option classes that do not trade in $1 strike price
intervals, the strike price interval for Short Term Option Series may
be (i) $0.50 or greater where the strike price is less than $100; (ii)
$1.00 or greater where the strike price is between $100 and $150; or
(iii) $2.50 or greater for strike prices greater than $150.
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\10\ This is consistent with the rules of other options
exchanges. See, e.g., Cboe Options Rule 4.5(d)(5).
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2. Statutory Basis
The Exchange believes the proposed rule change is consistent with
the Securities Exchange Act of 1934 (the ``Act'') and the rules and
regulations thereunder applicable to the Exchange and, in particular,
the requirements of Section 6(b) of the Act.\11\ Specifically, the
Exchange believes the proposed rule change is consistent with the
Section 6(b)(5) \12\ requirements that the rules of an exchange be
designed to prevent fraudulent and manipulative acts and practices, to
promote just and equitable principles of trade, to foster cooperation
and coordination with persons engaged in regulating, clearing,
settling, processing information with respect to, and facilitating
transactions in securities, to remove impediments to and perfect the
mechanism of a free and open market and a national market system, and,
in general, to protect investors and the public interest. Additionally,
the Exchange believes the proposed rule change is consistent with the
Section 6(b)(5) \13\ requirement that the rules of an exchange not be
designed to permit unfair discrimination between customers, issuers,
brokers, or dealers. The Exchange believes the Strike Proposal
continues to limit the intervals between strikes listed in the Short
Term Option Series Program that have an expiration date more than
twenty-one days.
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\11\ 15 U.S.C. 78f(b).
\12\ 15 U.S.C. 78f(b)(5).
\13\ Id.
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In particular, the Exchange's proposed addition to the first
sentence of Rule 19.6, Interpretation and Policy .05(f) is consistent
with the Act because it clarifies that the only permitted intervals are
as specified in the table within that subparagraph, as amended. The
Exchange believes this proposed rule change will bring greater
transparency to the rule. The proposed rule change to amend the table
within Rule 19.6, Interpretation and Policy .05(f) to address potential
conflicts between that paragraph and paragraph
[[Page 48054]]
(e) with respect to the correct strike interval is consistent with the
Act because it protects investors and the public interest by adding
transparency to the manner in which the Exchange implements its listing
rules and removes potential uncertainty. The proposed rule text
specifies the applicable intervals when there is a conflict between the
rule text within paragraphs (e) and (f), thereby providing certainty as
to the outcome. The table within paragraph (f) impacts strike intervals
and supersedes other strike interval rules but does not supersede the
addition of option series. Therefore, paragraph (d) regarding the
addition of option series does not conflict with the table in paragraph
(f). Deleting the last sentence of the introductory paragraph of Rule
19.6, Interpretation and Policy .05(f) that includes the reference to
paragraph (d) is therefore consistent with the Act. Similarly, deleting
Rule 19.6, Interpretation and Policy .05(f)(4) is consistent with the
Act because while the range limitations continue to be applicable, the
strike ranges do not conflict with strike intervals, rendering the
sentence unnecessary. Deletion of this provision will avoid potential
confusion.
The Strike Interval Proposal was designed to reduce the density of
strike intervals that would be listed in later weeks, within the Short
Term Option Series Program, by utilizing limitations for intervals
between strikes which have an expiration date more than twenty-one days
from the listing date. The Exchange's proposal intends to continue to
remove certain strike intervals where there exist clusters of strikes
whose characteristics closely resemble one another and, therefore, do
not serve different trading needs,\14\ rendering these strikes less
useful. Also, the Strike Interval Proposal continues to reduce the
number of strikes listed on the Exchange, allowing Market-Makers to
expend their capital in the options market in a more efficient manner,
thereby improving overall market quality on the Exchange.
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\14\ For example, two strikes that are densely clustered may
have the same risk properties and may also be the same percentage
out-of-the-money.
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Additionally, applying the greater interval would control as
between the rule text within current Rule 19.6, Interpretation and
Policy .05(e) and (f), the Exchange is reducing the number of strikes
listed in a manner consistent with the intent of the Strike Interval
Proposal, which was to reduce strikes which were farther out in time.
The result of this clarification is to select wider strike intervals
for Short Term Option Series in equity options which have an expiration
date more than twenty-one days from the listing date. This rule change
would harmonize strike intervals as between inner weeklies (those
having less than twenty-one days from the listing date) and outer
weeklies (those having more than twenty-one days from the listing date)
so that strike intervals are not widening as the listing date
approaches.
The proposed rule change to extend current $0.50 strike price
intervals in equity options to short term options with strike prices
less than $100 will remove impediments to and perfect the mechanism of
a free and open market and a national market system, because it will
conform this portion of the Short Term Option Series Program to that of
other options exchanges.\15\
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\15\ See, e.g., Cboe Options Rule 4.5(d)(5).
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B. Self-Regulatory Organization's Statement on Burden on Competition
The Exchange does not believe that the proposed rule change will
impose any burden on competition that is not necessary or appropriate
in furtherance of the purposes of the Act. The Strike Interval Proposal
continues to limit the number of Short Term Option Series Program
strike intervals available for quoting and trading on the Exchange for
all Options Members.
The Exchange believes adding clarifying language to the first
sentence of Rule 19.6, Interpretation and Policy .05(f) regarding which
parameter the table within that provision amends within the Short Term
Option Series Program will bring greater transparency to the rules.
Amending the table within paragraph (f) to address potential conflicts
as between the rule text of Rule 19.6, Interpretation and Policy .05(e)
and (f) will bring greater transparency to and reduce potential
confusion regarding the manner in which the Exchange implements its
listing rules. Deleting the last sentence of the first paragraph of the
introductory paragraph of Rule 19.6, Interpretation and Policy .05(f)
that references paragraph (d) does not impose an undue burden on
competition and will avoid potential confusion because the table within
paragraph (f) impacts strike intervals and supersedes other rules
pertaining to strike intervals, but the table does not supersede rules
governing the addition of options series, such as paragraph (d).
Deleting Rule 19.6, Interpretation and Policy .05(f)(4) will also avoid
any potential confusion because, while the range limitations continue
to be applicable, the strike ranges do not conflict with strike
intervals and are not necessary. Extending current $0.50 strike price
intervals in equity options to short term options with strike prices
less than $100 will not impose an undue burden on competition, because
it is consistent with the rules of other options exchanges.\16\
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\16\ See, e.g., Cboe Options Rule 4.5(d)(5).
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While this proposal continues to limit the intervals of strikes
listed on the Exchange, the Exchange continues to balance the needs of
market participants by continuing to offer a number of strikes to meet
a market participant's investment objective. The Exchange's Strike
Interval Proposal does not impose an undue burden on intermarket
competition as this Strike Interval Proposal does not impact the
listings available at another self-regulatory organization.
C. Self-Regulatory Organization's Statement on Comments on the Proposed
Rule Change Received From Members, Participants, or Others
The Exchange neither solicited nor received comments on the
proposed rule change.
III. Date of Effectiveness of the Proposed Rule Change and Timing for
Commission Action
Because the foregoing proposed rule change does not: (i)
significantly affect the protection of investors or the public
interest; (ii) impose any significant burden on competition; and (iii)
become operative for 30 days after the date of the filing, or such
shorter time as the Commission may designate, it has become effective
pursuant to 19(b)(3)(A) of the Act \17\ and Rule 19b-4(f)(6) \18\
thereunder.
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\17\ 15 U.S.C. 78s(b)(3)(A).
\18\ 17 CFR 240.19b-4(f)(6). In addition, Rule 19b-4(f)(6)(iii)
requires a self-regulatory organization to give the Commission
written notice of its intent to file the proposed rule change, along
with a brief description and text of the proposed rule change, at
least five business days prior to the date of filing of the proposed
rule change, or such shorter time as designated by the Commission.
The Exchange has satisfied this requirement.
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A proposed rule change filed under Rule 19b-4(f)(6) \19\ normally
does not become operative prior to 30 days after the date of the
filing. However, pursuant to Rule 19b-4(f)(6)(iii),\20\ the Commission
may designate a shorter time if such action is consistent with the
protection of investors and the public interest. The Exchange has
requested that the Commission waive the 30-day operative delay so that
the Exchange may implement the proposed rule change on August 1, 2022--
the same time other exchanges are implementing
[[Page 48055]]
the same change.\21\ The Exchange states that implementing the proposal
simultaneously with other option exchanges will promote the protection
of investors by harmonizing the strike listing methodology across
exchanges. In addition, the Exchange's proposal to extend current $0.50
strike price intervals in equity options to short term options with
strike prices less than $100 will conform this portion of the Short
Term Option Series Program to that of other options exchanges.\22\ The
Commission believes that waiver of the 30-day operative delay is
consistent with the protection of investors and the public interest
because the proposed rule change does not raise any new or novel
issues. Accordingly, the Commission hereby waives the operative
delay.\23\
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\19\ 17 CFR 240.19b-4(f)(6).
\20\ 17 CFR 240.19b-4(f)(6)(iii).
\21\ The Commission recently approved a substantially similar
proposal. See Securities Exchange Act Release No. 95085 (June 10,
2022), 87 FR 36353 (June 16, 2022) (SR-ISE-2022-10) (Order Approving
a Proposed Rule Change, as Modified by Amendment No. 1, to Amend ISE
Options 4, Section 5, Series of Options Contracts Open for Trading).
\22\ See, e.g., Cboe Exchange, Inc. Rule 4.5(d)(5).
\23\ For purposes only of waiving the 30-day operative delay,
the Commission also has considered the proposed rule's impact on
efficiency, competition, and capital formation. See 15 U.S.C.
78c(f).
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At any time within 60 days of the filing of the proposed rule
change, the Commission summarily may temporarily suspend such rule
change if it appears to the Commission that such action is necessary or
appropriate in the public interest, for the protection of investors, or
otherwise in furtherance of the purposes of the Act. If the Commission
takes such action, the Commission shall institute proceedings to
determine whether the proposed rule should be approved or disapproved.
IV. Solicitation of Comments
Interested persons are invited to submit written data, views, and
arguments concerning the foregoing, including whether the proposed rule
change is consistent with the Act. Comments may be submitted by any of
the following methods:
Electronic Comments
<bullet> Use the Commission's internet comment form (<a href="http://www.sec.gov/rules/sro.shtml">http://www.sec.gov/rules/sro.shtml</a>); or
<bullet> Send an email to <a href="/cdn-cgi/l/email-protection#7f0d0a131a521c1012121a110b0c3f0c1a1c51181009"><span class="__cf_email__" data-cfemail="2f5d5a434a024c4042424a415b5c6f5c4a4c01484059">[email protected]</span></a>. Please include
File Number SR-CboeBZX-2022-042 on the subject line.
Paper Comments
<bullet> Send paper comments in triplicate to Secretary, Securities
and Exchange Commission, 100 F Street NE, Washington, DC 20549-1090.
All submissions should refer to File Number SR-CboeBZX-2022-042. This
file number should be included on the subject line if email is used. To
help the Commission process and review your comments more efficiently,
please use only one method. The Commission will post all comments on
the Commission's internet website (<a href="http://www.sec.gov/rules/sro.shtml">http://www.sec.gov/rules/sro.shtml</a>).
Copies of the submission, all subsequent amendments, all written
statements with respect to the proposed rule change that are filed with
the Commission, and all written communications relating to the proposed
rule change between the Commission and any person, other than those
that may be withheld from the public in accordance with the provisions
of 5 U.S.C. 552, will be available for website viewing and printing in
the Commission's Public Reference Room, 100 F Street NE, Washington, DC
20549 on official business days between the hours of 10:00 a.m. and
3:00 p.m. Copies of the filing also will be available for inspection
and copying at the principal office of the Exchange. All comments
received will be posted without change. Persons submitting comments are
cautioned that we do not redact or edit personal identifying
information from comment submissions. You should submit only
information that you wish to make available publicly. All submissions
should refer to File Number SR-CboeBZX-2022-042 and should be submitted
on or before August 26, 2022.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\24\
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\24\ 17 CFR 200.30-3(a)(12), (59).
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J. Matthew DeLesDernier,
Deputy Secretary.
[FR Doc. 2022-16783 Filed 8-4-22; 8:45 am]
BILLING CODE 8011-01-P
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