Notice2024-01862
Joint Industry Plan; Notice of Designation of a Longer Period for Commission Action on a Proposed Amendment To Modify the Options Price Reporting Authority's Fee Schedule Regarding Caps on Certain Port Fees
Primary source
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Published
January 31, 2024
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 89 Issue 21 (Wednesday, January 31, 2024)</title>
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[Federal Register Volume 89, Number 21 (Wednesday, January 31, 2024)]
[Notices]
[Page 6160]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-01862]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-99431; File No. SR-OPRA-2023-01]
Joint Industry Plan; Notice of Designation of a Longer Period for
Commission Action on a Proposed Amendment To Modify the Options Price
Reporting Authority's Fee Schedule Regarding Caps on Certain Port Fees
January 25, 2024.
On July 14, 2023, the Options Price Reporting Authority (``OPRA''),
pursuant to Section 11A of the Securities Exchange Act of 1934
(``Act'') \1\ and Rule 608 of Regulation National Market System
(``Regulation NMS'') thereunder,\2\ filed with the Securities and
Exchange Commission (``Commission''), a proposed amendment to the Plan
for Reporting of Consolidated Options Last Sale Reports and Quotation
Information (``OPRA Plan'').\3\ The proposed OPRA Plan amendment
(``Proposed Amendment'') would amend the OPRA Fee Schedule to reflect
the applicable monthly fee caps on certain connectivity ports that are
used to access OPRA data. The Proposed Amendment was published for
comment in the Federal Register on August 2, 2023.\4\
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\1\ 15 U.S.C. 78k-1.
\2\ 17 CFR 242.608.
\3\ The OPRA Plan is a national market system plan approved by
the Commission pursuant to Section 11A of the Act and Rule 608
thereunder. See Securities Exchange Act Release No. 17638 (Mar. 18,
1981), 22 SEC. Docket 484 (Mar. 31, 1981). The full text of the OPRA
Plan and a list of its participants are available at <a href="https://www.opraplan.com/">https://www.opraplan.com/</a>. The OPRA Plan provides for the collection and
dissemination of last sale and quotation information on options that
are traded on the participant exchanges.
\4\ See Securities Exchange Act Release No. 98012 (July 27,
2023), 88 FR 50939 (``Notice'').
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On September 25, 2023, the Commission instituted proceedings
pursuant to Rule 608(b)(2)(i) of Regulation NMS \5\ to determine
whether to disapprove the Proposed Amendment or to approve the Proposed
Amendment with any changes or subject to any conditions the Commission
deems necessary or appropriate.\6\
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\5\ 17 CFR 242.608(b)(2)(i).
\6\ See Securities Exchange Act Release No. 98514 (Sept. 25,
2023), 88 FR 67398 (Sept. 29, 2023).
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Rule 608(b)(2)(i) of Regulation NMS provides that proceedings to
determine whether a plan or amendment should be disapproved shall be
concluded within 180 days of the date of publication of notice of the
plan or amendment and that the time for conclusion of such proceedings
may be extended for up to 60 days (up to 240 days from the date of
notice publication) if the Commission determines that a longer period
is appropriate and publishes the reasons for such determination or the
plan participants consent to a longer period.\7\ The 180th day after
publication of the Notice for the Proposed Amendment is January 29,
2024. The Commission is extending this 180-day period.
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\7\ 17 CFR 242.608(b)(2)(i).
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The Commission finds that it is appropriate to designate a longer
period within which to conclude proceedings regarding the Proposed
Amendment so that it has sufficient time to consider any issues raised
by the Proposed Amendment. Accordingly, pursuant to Rule 608(b)(2)(i)
of Regulation NMS,\8\ the Commission designates March 29, 2024, as the
date by which the Commission shall conclude the proceedings to
determine whether to approve or disapprove the Proposed Amendment or to
approve the Proposed Amendment with any changes or subject to any
conditions the Commission deems necessary or appropriate (File No. SR-
OPRA-2023-01).
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\8\ Id.
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)(85).
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Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2024-01862 Filed 1-30-24; 8:45 am]
BILLING CODE 8011-01-P
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</html>Indexed from Federal Register on January 31, 2024.
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