Notice2023-13109
Self-Regulatory Organizations; Miami International Securities Exchange LLC; Notice of Designation of Longer Period for Commission Action on a Proposed Rule Change To Amend Exchange Rule 307, Position Limits
Primary source
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Published
June 21, 2023
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 88 Issue 118 (Wednesday, June 21, 2023)</title>
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[Federal Register Volume 88, Number 118 (Wednesday, June 21, 2023)]
[Notices]
[Page 40366]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-13109]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-97727; File No. SR-MIAX-2023-19]
Self-Regulatory Organizations; Miami International Securities
Exchange LLC; Notice of Designation of Longer Period for Commission
Action on a Proposed Rule Change To Amend Exchange Rule 307, Position
Limits
June 14, 2023.
On April 21, 2023, Miami International Securities Exchange LLC
(``MIAX'' or ``Exchange'') 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 amend Exchange Rule 307,
Position Limits, to establish a process for adjusting option position
limits following a stock split or reverse stock split in the underlying
security. The proposed rule change was published for comment in the
Federal Register on May 8, 2023.\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. 97421 (May 2, 2023),
88 FR 29725.
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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 June 22, 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 August 6, 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-MIAX-2023-19).
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\5\ Id.
\6\ 17 CFR 200.30-3(a)(31).
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\6\
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023-13109 Filed 6-20-23; 8:45 am]
BILLING CODE 8011-01-P
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</html>Indexed from Federal Register on June 21, 2023.
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