Notice2023-23497
Self-Regulatory Organizations; Miami International Securities Exchange LLC; Notice of Withdrawal of a Proposed Rule Change To Amend Exchange Rule 307, Position Limits
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
October 25, 2023
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 88 Issue 205 (Wednesday, October 25, 2023)</title>
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[Federal Register Volume 88, Number 205 (Wednesday, October 25, 2023)]
[Notices]
[Pages 73387-73388]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-23497]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-98772; File No. SR-MIAX-2023-19]
Self-Regulatory Organizations; Miami International Securities
Exchange LLC; Notice of Withdrawal of a Proposed Rule Change To Amend
Exchange Rule 307, Position Limits
October 19, 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
[[Page 73388]]
May 8, 2023.\3\ On June 14, 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 approve or disapprove
the proposed rule change.\5\ The Commission received one comment
regarding the proposal.\6\
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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 (May 8, 2023).
\4\ 15 U.S.C. 78s(b)(2).
\5\ See Securities Exchange Act Release No. 97727 (June 14,
2023), 88 FR 40366 (June 21, 2023). The Commission designated August
6, 2023, as the date by which the Commission shall approve or
disapprove, or institute proceedings to determine whether to approve
or disapprove, the proposed rule change.
\6\ See letter from Ellen Greene, Managing Director, Equities &
Options Market Structure, SIFMA, to Vanessa Countryman, Secretary,
Commission, dated July 5, 2023.
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On August 2, 2023, the Commission instituted proceedings under
Section 19(b)(2)(B) of the Act \7\ to determine whether to approve or
disapprove the proposed rule change. On September 26, 2023, the
Commission designated a longer period within which to determine to
approve or disapprove the proposed rule change.\8\ On October 12, 2023,
the Exchange withdrew the proposed rule change (SR-MIAX-2023-19).
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\7\ 15 U.S.C. 78s(b)(2)(B).
\8\ See Securities Exchange Act Release No. 34-98541 (Sept. 26,
2023), 88 FR 67834 (Oct. 2, 2023). The Commission designated January
3, 2024, as the date by which the Commission would approve or
disapprove the proposed rule change.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\9\
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\9\ 17 CFR 200.30-3(a)(12).
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Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023-23497 Filed 10-24-23; 8:45 am]
BILLING CODE 8011-01-P
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</html>Indexed from Federal Register on October 25, 2023.
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