Notice2024-16107
Self-Regulatory Organizations; Green Impact Exchange, LLC; Notice of Filing of Application for Registration as a National Securities Exchange Under Section 6 of the Securities Exchange Act of 1934
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
July 23, 2024
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 89 Issue 141 (Tuesday, July 23, 2024)</title>
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[Federal Register Volume 89, Number 141 (Tuesday, July 23, 2024)]
[Notices]
[Pages 59795-59796]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-16107]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-100547; File No. 10-244]
Self-Regulatory Organizations; Green Impact Exchange, LLC; Notice
of Filing of Application for Registration as a National Securities
Exchange Under Section 6 of the Securities Exchange Act of 1934
July 17, 2024.
On May 9, 2024, Green Impact Exchange, LLC (``GIX'' or
``Applicant'') submitted to the Securities and Exchange Commission
(``Commission'') a Form 1 application under the
[[Page 59796]]
Securities Exchange Act of 1934 (``Exchange Act''), seeking
registration as a national securities exchange under Section 6 of the
Exchange Act.\1\ The Applicant's Form 1 application provides detailed
information on how GIX proposes to satisfy the requirements of the
Exchange Act.
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\1\ 15 U.S.C. 78f.
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The Commission is publishing this notice to solicit comments on
GIX's Form 1 application. The Commission will take any comments it
receives into consideration in making its determination about whether
to grant GIX's request to be registered as a national securities
exchange. The Commission will grant the registration if it finds that
the requirements of the Exchange Act and the rules and regulations
thereunder with respect to GIX are satisfied.\2\
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\2\ 15 U.S.C. 78s(a).
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GIX's Form 1 application states that GIX would be wholly owned by
its parent company, Green Exchange, PBC (``GEPBC''). The Form 1
application provides that GIX would operate a fully automated
electronic trading platform for the trading of listed equities and
would not maintain a physical trading floor. One feature of GIX's Form
1 application is that GIX proposes to enter into an agreement with MEMX
Technologies, LLC to license the technology underlying the GIX trading
platform.\3\ The Form 1 application provides that liquidity would be
derived from orders to buy and orders to sell submitted to GIX
electronically by GIX members from remote locations. GIX proposes to
have one class of membership open to registered broker-dealers. A novel
feature of GIX's proposed listing standards is that GIX intends to
require all companies that list on GIX to comply with its Green
Governance Standards, which, according to GIX, will be designed to
provide transparency and accountability for listed companies' green and
sustainability promises and signal to investors focused on green
practices that listed companies are credible.\4\
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\3\ See Exhibits C and E to GIX's Form 1 application.
\4\ See proposed GIX Rule Series 14.425 (describing the Green
Governance Standards).
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A more detailed description of the manner of operation of GIX's
proposed system can be found in Exhibit E to GIX's Form 1 application.
The proposed rulebook for the proposed exchange can be found in Exhibit
B to GIX's Form 1 application, and the governing documents for GIX and
GEPBC can be found in Exhibit A and Exhibit C to GIX's Form 1
application. A listing of the officers and directors of GIX can be
found in Exhibit J to GIX's Form 1 application. A complete set of forms
concerning membership and access can be found in Exhibit F to GIX's
Form 1 application. A discussion of GIX's Green Governance Standards
and their consistency with the Exchange Act can be found in Exhibit H-5
to GIX's Form 1 application.
GIX's Form 1 application, including all of the Exhibits referenced
above, is available online at <a href="http://www.sec.gov/rules/other.shtml">www.sec.gov/rules/other.shtml</a>. Interested
persons are invited to submit written data, views, and arguments
concerning GIX's Form 1 application, including whether the application
is consistent with the Exchange Act.
Comments may be submitted by any of the following methods:
Electronic Comments
<bullet> Use the Commission's internet comment form (<a href="https://www.sec.gov/rules/sro.shtml">https://www.sec.gov/rules/sro.shtml</a>); or
<bullet> Send an email to <a href="/cdn-cgi/l/email-protection#354740595018565a5858505b4146754650561b525a43"><span class="__cf_email__" data-cfemail="b6c4c3dad39bd5d9dbdbd3d8c2c5f6c5d3d598d1d9c0">[email protected]</span></a>. Please include
file number 10-244 on the subject line.
Paper Comments
<bullet> Send paper comments in triplicate to Secretary, Securities
and Exchange Commission, 100 F Street NE, Washington, DC 20549-1090.
All submissions should refer to file number 10-244. This file number
should be included on the subject line if email is used. To help the
Commission process and review your comments more efficiently, please
use only one method. The Commission will post all comments on the
Commission's internet website (<a href="https://www.sec.gov/rules/other.shtml">https://www.sec.gov/rules/other.shtml</a>).
Copies of the submission, all subsequent amendments, all written
statements with respect to GIX's Form 1 application filed with the
Commission, and all written communications relating to the application
between the Commission and any person, other than those that may be
withheld from the public in accordance with the provisions of 5 U.S.C.
552, will be available for website viewing and printing in the
Commission's Public Reference Room, 100 F Street NE, Washington, DC
20549, on official business days between the hours of 10 a.m. and 3
p.m. Copies of the filing also will be available for inspection and
copying at the principal office of the Exchange. Do not include
personal identifiable information in submissions; you should submit
only information that you wish to make available publicly. We may
redact in part or withhold entirely from publication submitted material
that is obscene or subject to copyright protection. All submissions
should refer to file number 10-244 and should be submitted on or before
September 6, 2024.
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\5\ 17 CFR 200.30-3(a)(16) and (a)(71)(i).
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For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\5\
J. Matthew DeLesDernier,
Deputy Secretary.
[FR Doc. 2024-16107 Filed 7-22-24; 8:45 am]
BILLING CODE 8011-01-P
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