Notice2023-20428
Self-Regulatory Organizations; Miami International Securities Exchange, LLC; Notice of Withdrawal of a Proposed Rule Change To Amend Exchange Rule 404, Series of Option Contracts Open for Trading, To Implement a Low Priced Stock Strike Price Interval Program
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
September 21, 2023
Issuing agencies
Securities and Exchange Commission
Full Text
<html>
<head>
<title>Federal Register, Volume 88 Issue 182 (Thursday, September 21, 2023)</title>
</head>
<body><pre>
[Federal Register Volume 88, Number 182 (Thursday, September 21, 2023)]
[Notices]
[Page 65210]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-20428]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-98410; File No. SR-MIAX-2023-22]
Self-Regulatory Organizations; Miami International Securities
Exchange, LLC; Notice of Withdrawal of a Proposed Rule Change To Amend
Exchange Rule 404, Series of Option Contracts Open for Trading, To
Implement a Low Priced Stock Strike Price Interval Program
September 15, 2023.
On June 5, 2023, Miami International Securities Exchange, LLC
(``MIAX'' 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 amend Exchange Rule 404,
Series of Option Contracts Open for Trading. Specifically, the Exchange
proposed to adopt Interpretations and Policies .12 to Rule 404 to
implement a new strike interval program for stocks that are priced less
than $2.50 and have open interest equal to or greater than 1,000
contracts. The proposed rule change was published for comment in the
Federal Register on June 22, 2023.\3\ On August 4, 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 September 14, 2023, the
Exchange withdrew the proposed rule change (MIAX-2023-22).
---------------------------------------------------------------------------
\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
\3\ See Securities Exchange Act Release No. 97733 (June 15,
2023), 88 FR 40887. Comments on the proposed rule change are
available at: <a href="https://www.sec.gov/comments/sr-miax-2023-22/srmiax202322.htm">https://www.sec.gov/comments/sr-miax-2023-22/srmiax202322.htm</a>.
\4\ 15 U.S.C. 78s(b)(2).
\5\ See Securities Exchange Act Release No. 98058, 88 FR 54361
(August 10, 2023). The Commission designated September 20, 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\ 17 CFR 200.30-3(a)(12).
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\6\
J. Matthew DeLesDernier,
Deputy Secretary.
[FR Doc. 2023-20428 Filed 9-20-23; 8:45 am]
BILLING CODE 8011-01-P
</pre></body>
</html>Indexed from Federal Register on September 21, 2023.
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.