Notice2022-28295
Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of Designation of Longer Period for Commission Action on a Proposed Rule Change To Increase the Position and Exercise Limits for Options on Apple Inc. Stock
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
December 29, 2022
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 87 Issue 249 (Thursday, December 29, 2022)</title>
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[Federal Register Volume 87, Number 249 (Thursday, December 29, 2022)]
[Notices]
[Pages 80212-80213]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-28295]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-96570; File No. SR-CBOE-2022-057]
Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of
Designation of Longer Period for Commission Action on a Proposed Rule
Change To Increase the Position and Exercise Limits for Options on
Apple Inc. Stock
December 22, 2022.
On November 7, 2022, Cboe Exchange, Inc. filed with the Securities
and Exchange Commission (the ``Commission''), pursuant to Section
19(b)(1) of the Securities Exchange Act of 1934 (the ``Act''),\1\ and
Rule 19b-4 thereunder,\2\ a proposed rule change to increase the
position and exercise limits for options on Apple Inc. stock
(``AAPL''). The proposed rule change was published for comment in the
Federal Register on November 25, 2022.\3\ The Commission has received
no comment letters regarding the proposed rule change.
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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. 96353 (Nov. 18,
2022), 87 FR 72568.
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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
[[Page 80213]]
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 January 9, 2023.
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\4\ 15 U.S.C. 78s(b)(2).
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The Commission 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,\5\ the Commission designates February 23, 2023, 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-CBOE-2022-057).
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\5\ Id.
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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Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2022-28295 Filed 12-28-22; 8:45 am]
BILLING CODE 8011-01-P
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</html>Indexed from Federal Register on December 29, 2022.
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