Notice2023-18898
Self-Regulatory Organizations; Nasdaq ISE, LLC; Notice of Designation of a Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change, as Modified by Amendment No. 1, To Make Permanent Certain P.M.-Settled Pilots
Primary source
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Published
September 1, 2023
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 88 Issue 169 (Friday, September 1, 2023)</title>
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[Federal Register Volume 88, Number 169 (Friday, September 1, 2023)]
[Notices]
[Page 60516]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-18898]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-98233; File No. SR-ISE-2023-08]
Self-Regulatory Organizations; Nasdaq ISE, LLC; Notice of
Designation of a Longer Period for Commission Action on Proceedings To
Determine Whether To Approve or Disapprove a Proposed Rule Change, as
Modified by Amendment No. 1, To Make Permanent Certain P.M.-Settled
Pilots
August 28, 2023.
On February 23, 2023, Nasdaq ISE LLC (``ISE'' or ``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 program to permit the listing and trading of
options based on \1/5\ 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. 96979 (February 24,
2023), 88 FR 13182.
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On April 7, 2023, 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 May 11, 2023, the Exchange filed Amendment No. 1 to the
proposed rule change (``Amendment No. 1'').\6\ On May 31, 2023, the
Commission instituted proceedings to determine whether to approve or
disapprove the proposed rule change and published Amendment No. 1 for
notice and comment.\7\
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\4\ 15 U.S.C. 78s(b)(2).
\5\ See Securities Exchange Act Release No. 97261, 88 FR 22509
(April 13, 2023).
\6\ Amendment No. 1 is available at: <a href="https://www.sec.gov/comments/sr-ise-2023-08/srise202308.htm">https://www.sec.gov/comments/sr-ise-2023-08/srise202308.htm</a>.
\7\ See Securities Exchange Act Release No. 97626, 88 FR 37110
(June 6, 2023).
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Section 19(b)(2) of the Exchange Act \8\ provides that, after
initiating 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 reasons for such determination. The proposed
rule change was published for notice and comment in the Federal
Register on March 2, 2023.\9\ The 180th day after publication of the
proposed rule change is August 29, 2023. The Commission is extending
the time period for approving or disapproving the proposed rule change
for an additional 60 days.
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\8\ 15 U.S.C. 78s(b)(2).
\9\ See supra note 3 and accompanying text.
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The Commission finds it appropriate to designate a longer period
within which to issue an order approving or disapproving the proposed
rule change so that it has sufficient time to consider the proposed
rule change and the issues raised therein. Accordingly, the Commission,
pursuant to section 19(b)(2) of the Exchange Act,\10\ designates
October 28, 2023, as the date by which the Commission shall either
approve or disapprove the proposed rule change (File No. SR-ISE-2023-
08).
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\10\ 15 U.S.C. 78s(b)(2).
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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).
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023-18898 Filed 8-31-23; 8:45 am]
BILLING CODE 8011-01-P
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</html>Indexed from Federal Register on September 1, 2023.
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