Notice2023-08307
Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of Designation of Longer Period for Commission Action on a Proposed Rule Change To Amend Rules Relating to the Processing of Auction Responses
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 20, 2023
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 88 Issue 76 (Thursday, April 20, 2023)</title>
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[Federal Register Volume 88, Number 76 (Thursday, April 20, 2023)]
[Notices]
[Pages 24455-24456]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-08307]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-97306; File No. SR-CBOE-2022-051]
Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of
Designation of Longer Period for Commission Action on a Proposed Rule
Change To Amend Rules Relating to the Processing of Auction Responses
April 14, 2023.
On October 3, 2022, Cboe Exchange, Inc. filed with the Securities
and Exchange Commission (the
[[Page 24456]]
``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 amend its rules relating to the processing of
auction responses. The proposed rule change was published for comment
in the Federal Register on October 20, 2022.\3\ On November 23, 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 January
18, 2023, 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 April 10, 2023, the Exchange
submitted Amendment No. 1 to the proposed rule change, which replaced
and superseded the proposed rule change in its entirety.\8\
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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. 96081 (October 14,
2022), 87 FR 63830.
\4\ 15 U.S.C. 78s(b)(2).
\5\ See Securities Exchange Act Release No. 96380, 87 FR 73366
(November 29, 2022). The Commission designated January 18, 2023 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. 96684, 88 FR 4243
(January 24, 2023).
\8\ The full text of Amendment No. 1 is available on the
Commission's website at: <a href="https://www.sec.gov/comments/sr-cboe-2022-051/srcboe2022051-20163989-333985.pdf">https://www.sec.gov/comments/sr-cboe-2022-051/srcboe2022051-20163989-333985.pdf</a>.
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Section 19(b)(2) of the Act \9\ provides that, after initiating
disapproval 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 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 date
of the publication of notice of the proposed rule change October 20,
2022. The 180th day after the publication of the notice of the proposed
rule change is April 18, 2023, and June 17, 2023 is 240 days from that
date.
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\9\ 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 conclude proceedings on the proposed rule change
so that it has sufficient time to consider the proposed this proposed
rule change and the proposed amendment. Accordingly, the Commission,
pursuant to Section 19(b)(2) of the Act,\10\ designates June 17, 2023,
as the date by which the Commission shall either approve or disapprove
the proposed rule change, as modified by Amendment No. 1 (File No. SR-
CBOE-2022-051).
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\10\ Id.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\11\
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\11\ 17 CFR 200.30-3(a)(57).
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Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023-08307 Filed 4-19-23; 8:45 am]
BILLING CODE 8011-01-P
</pre></body>
</html>Indexed from Federal Register on April 20, 2023.
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