Notice2024-01621
Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Amend the Exchange's Rules Relating to Position and Exercise 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
January 29, 2024
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 89 Issue 19 (Monday, January 29, 2024)</title>
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[Federal Register Volume 89, Number 19 (Monday, January 29, 2024)]
[Notices]
[Page 5588]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-01621]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-99417; File No. SR-CBOE-2023-063]
Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of
Designation of a Longer Period for Commission Action on a Proposed Rule
Change To Amend the Exchange's Rules Relating to Position and Exercise
Limits
January 23, 2024.
On November 29, 2023, Cboe Exchange, Inc. (the ``Exchange'' or
``Cboe Options'') filed with the Securities and Exchange Commission
(``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 position and
exercise limits. The proposed rule change was published for comment in
the Federal Register on December 14, 2023.\3\ The Commission has
received two comment letters regarding the proposed rule change.\4\
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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. 99119 (December 8,
2023), 88 FR 86701.
\4\ See letters from Jennifer W. Han, Executive Vice President,
Chief Counsel and Head of Global Regulatory Affairs, Managed Funds
Association, to Sherry R. Haywood, Assistant Secretary, Commission,
dated January 4, 2024; and Ji[rcaron][iacute] Kr[oacute]l, Deputy
CEO, Global Head of Government Affairs, Alternative Investment
Management Association, to Vanessa Countryman, Secretary,
Commission, dated January 14, 2024. Comment letters can be accessed
at <a href="https://www.sec.gov/comments/sr-cboe-2023-063/srcboe2023063.htm">https://www.sec.gov/comments/sr-cboe-2023-063/srcboe2023063.htm</a>.
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Section 19(b)(2) of the Act \5\ 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 January 28, 2024.
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\5\ 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 and the comments received. Accordingly, pursuant
to Section 19(b)(2) of the Act,\6\ the Commission designates March 13,
2024, 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-CBOE-2023-063).
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\6\ Id.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\7\
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\7\ 17 CFR 200.30-3(a)(31).
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Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2024-01621 Filed 1-26-24; 8:45 am]
BILLING CODE 8011-01-P
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</html>Indexed from Federal Register on January 29, 2024.
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