Notice2023-07730
Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Make Permanent Certain P.M.-Settled Pilots
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
April 13, 2023
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 88 Issue 71 (Thursday, April 13, 2023)</title>
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[Federal Register Volume 88, Number 71 (Thursday, April 13, 2023)]
[Notices]
[Page 22498]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-07730]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-97260; File No. SR-Phlx-2023-07]
Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of
Designation of a Longer Period for Commission Action on a Proposed Rule
Change To Make Permanent Certain P.M.-Settled Pilots
April 7, 2023.
On February 23, 2023, Nasdaq PHLX LLC (``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 make permanent
the pilot to permit the listing and trading of options based on 1/100
the value of the Nasdaq-100 Index and the Exchange's nonstandard
expirations pilot program. The proposed rule change was published for
comment in the Federal Register on March 2, 2023.\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. 96980 (February 24,
2023), 88 FR 13161.
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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 after publication of the notice for this proposed rule change
is April 16, 2023.
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\4\ 15 U.S.C. 78s(b)(2).
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The Commission is extending this 45-day time period. 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, the Commission,
pursuant to Section 19(b)(2) of the Act,\5\ designates May 31, 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-Phlx-2023-07).
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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. 2023-07730 Filed 4-12-23; 8:45 am]
BILLING CODE 8011-01-P
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</html>Indexed from Federal Register on April 13, 2023.
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