Notice2024-18069
Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of Filing of a Proposed Rule Change To List P.M.-Settled Broad-Based Index Options With Expirations on the Third Friday-of-the-Month
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
August 14, 2024
Issuing agencies
Securities and Exchange Commission
Full Text
<html>
<head>
<title>Federal Register, Volume 89 Issue 157 (Wednesday, August 14, 2024)</title>
</head>
<body><pre>
[Federal Register Volume 89, Number 157 (Wednesday, August 14, 2024)]
[Notices]
[Pages 66163-66167]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-18069]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-100671; File No. SR-CBOE-2024-034]
Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of
Filing of a Proposed Rule Change To List P.M.-Settled Broad-Based Index
Options With Expirations on the Third Friday-of-the-Month
August 8, 2024.
Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934
(``Act''),\1\ and Rule 19b-4 thereunder,\2\ notice is hereby given that
on August 2, 2024, Cboe Exchange, Inc. (``Exchange'' or ``Cboe
Options'') filed with the Securities and Exchange Commission
(``Commission'') the proposed rule change as described in Items I, II,
and III below, which Items have been prepared by the Exchange. The
Commission is publishing this notice to solicit comments on the
proposed rule change from interested persons.
---------------------------------------------------------------------------
\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
---------------------------------------------------------------------------
I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change
Cboe Exchange, Inc. (the ``Exchange'' or ``Cboe Options'') proposes
to list P.M.-settled broad-based Index options with expirations on the
Third Friday-of-the-month. The text of the proposed rule change is
provided in Exhibit 5.
The text of the proposed rule change is also available on the
Exchange's website (<a href="http://www.cboe.com/AboutCBOE/CBOELegalRegulatoryHome.aspx">http://www.cboe.com/AboutCBOE/CBOELegalRegulatoryHome.aspx</a>), at the Exchange's Office of the
Secretary, and at the Commission's Public Reference Room.
II. Self-Regulatory Organization's Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule Change
In its filing with the Commission, the Exchange included statements
concerning the purpose of and basis for the proposed rule change and
discussed any comments it received on the proposed rule change. The
text of these statements may be examined at the places specified in
Item IV below. The Exchange has prepared summaries, set forth in
sections A, B, and C below, of the most significant aspects of such
statements.
A. Self-Regulatory Organization's Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule Change
1. Purpose
The Exchange proposes to amend its Rules to permit the listing of
P.M.-settled \3\ options on any broad-based index eligible for standard
options trading that expire on the standard third Friday-of-the-month
(``Expiration Friday''). Currently, pursuant to Rule 4.13,
Interpretations and Policies .13 and .14, the Exchange is permitted to
list P.M.-settled options on the S&P 500 Index (``SPX options''), the
Mini-S&P 500 Index (``XSP options''), and the Mini-Russell 2000 Index
(``MRUT options'') that expire on Expiration Fridays. Additionally,
pursuant to Rule 4.13(e), the Exchange may list P.M.-settled options on
any broad-based index eligible for standard options trading that expire
on any Monday, Tuesday, Wednesday, Thursday, or Friday (other than
Expiration Friday or days that coincide with an EOM Expiration (as
defined below)) (``Weekly Expirations'') or that expire on the last
trading day of the month (``EOM Expirations'' and, combined with Weekly
Expirations, ``Nonstandard Expirations''). As a result, currently, the
Exchange may list P.M-settled SPX, XSP, and MRUT options with
expirations on any day of the week, including all Fridays, while the
Exchange may list P.M-settled options on all other broad-based index
options with expirations on any day of the week, including all Fridays
except Expiration Fridays.
---------------------------------------------------------------------------
\3\ An option with P.M.-settlement has its exercise settlement
value derived from the closing prices on the expiration date.
---------------------------------------------------------------------------
The proposed rule change would permit the Exchange to list P.M.-
settled options on all broad-based index options that expire on
Expiration Fridays. Specifically, the proposed rule
[[Page 66164]]
change amends Rule 4.13, Interpretation and Policy .13 to state that in
addition to A.M.-settled options on any broad-based index approved for
trading on the Exchange pursuant to Rule 4.13, the Exchange may also
list options on any broad-based index whose exercise settlement value
is derived from closing prices on their expiration dates \4\ (``P.M.-
Settled Third Friday Index Options'').\5\ The Exchange notes that
permitting P.M.-Settled Third Friday Index Options for all broad-based
indexes, as proposed, would be in addition to the P.M.-settled options
with expirations on all Fridays other than Expiration Fridays that the
Exchange may already list on those indexes as Weekly Expirations
pursuant to Rule 4.13(e)(1). Current Rule 4.13, Interpretations and
Policies .13 and .14 together with Rule 4.13(e)(1) permit the Exchange
to list P.M-settled SPX, XSP, and MRUT options on all Fridays
(including Expiration and non-Expiration Fridays). The proposal merely
expands this same ability to all other broad-based indexes eligible for
A.M.-settled standard option trading.
---------------------------------------------------------------------------
\4\ The Exchange corrects outdated language in Rule 4.13,
Interpretation and Policy .13 by updating the definition of P.M.-
settled. The exercise settlement value of a P.M.-settled option is
derived from closing prices on the expiration date, rather than the
last trading day prior to expiration (which would have been Friday
when options settled on Saturdays; however, options now settle on
Fridays). This is consistent with the fact that expiring P.M.-
settled options trade on their expiration dates, as set forth in
Rule 5.1(b)(2)(C).
\5\ The proposed rule change also deletes Rule 4.13,
Interpretation and Policy .14, as the proposed changes to
Interpretation and Policy .13 make Interpretation and Policy .14
redundant and, thus, unnecessary (i.e., as the Mini-SPX Index and
Mini-RUT Index are broad-based indexes, those indexes are included
in the phrase ``all broad-based indexes'' in proposed Rule 4.13,
Interpretation and Policy .13).
---------------------------------------------------------------------------
P.M.-Settled Third Friday Index Options are subject to all
provisions of Rule 4.13 and treated the same as A.M.-settled options on
the same underlying index that expire on Expiration Fridays, except
they are P.M.-settled. P.M.-Settled Third Friday Index Options have the
same exercise style, same number of permissible expirations, same
exercise interval prices and limitations, and same position and
exercise limits, and will trade in the same minimum price increment, as
A.M.-settled options on the same underlying index.
The Exchange believes expanding the availability of P.M.-Settled
Third Friday Index Options to all broad-based index options (rather
than having those expirations available for three broad-based indexes
only) will expand hedging tools available to market participants while
also providing greater trading opportunities, regardless of in which
index option market they participate. By expanding the availability of
P.M.-Settled Third Friday Index Options, the proposed rule change
(together with currently available Weekly Expirations for all broad-
based index options) will provide market participants with
opportunities to purchase options on all broad-based index options
available for trading on the Exchange in a manner more aligned with
specific timing needs and more effectively tailor their investment and
hedging strategies and manage their portfolios. In particular, the
proposed rule change will allow market participants to roll their
positions for additional index options on more trading days, thus with
more precision, spread risk across more trading days and incorporate
daily changes in the markets, which may reduce the premium cost of
buying protection. The Exchange believes there is sufficient investor
interest in and demand for P.M.-Settled Third Friday Index Options for
broad-based index options beyond SPX, XSP, and MRUT to warrant adding
these expirations for additional broad-based index options and that
P.M.-Settled Third Friday Index Options will continue to provide
investors with additional means of managing their risk exposures and
carrying out their investment objectives. Overall, the Exchange
believes that permitting the trading of P.M.-Settled Third Friday Index
Options in more broad-based indexes will encourage greater trading in
these index options. The Exchange believes the proposed rule change
will provide opportunities for market participants to benefit from
exposure to the market for all broad-based index options with
additional P.M.-settlement flexibility.
The Exchange also proposes to amend Rule 5.1, which governs trading
days and hours, in conjunction with the proposed addition of P.M.-
settled options on Expiration Fridays in all broad-based index options.
Rule 5.1(b)(2)(C) currently provides that on their last trading day,
Regular Trading Hours for expiring P.M.-settled SPX, XSP, and MRUT
options, as well as Index Options with Nonstandard Expirations, may be
effected on the Exchange between 9:30 a.m. and 4:00 p.m. Eastern Time
\6\ (as opposed to the 9:30 a.m. to 4:15 p.m. Regular Trading Hours for
options with those expirations that are non-expiring). The proposed
rule change amends Rule 5.1(b)(2)(C) to include P.M.-Settled Third
Friday Index Options for all broad-based indexes (and thus deletes the
specific references to p.m.-settled SPX, XSP, and MRUT options, as
those options are captured by the proposed defined term ``P.M.-Settled
Third Friday Index Options''). The primary listing markets for the
component securities that comprise broad-based indexes close trading in
those securities at 4:00 p.m., just as the primary listing markets for
the component securities that comprise the SPX, XSP, and MRUT Indexes
close trading at 4:00 p.m. The primary listing exchanges for the
component securities disseminate closing prices for the component
securities, which are used to calculate the exercise settlement value
of broad-based indexes on which the Exchange lists options. The
Exchange believes that, under normal trading circumstances, the primary
listing markets have sufficient bandwidth to prevent any data queuing
that may cause any trades that are executed prior to the closing time
from being reported after 4:00 p.m. If trading in expiring P.M.-Settled
Third Friday Index Options continued an additional fifteen minutes
until 4:15 p.m. on their last trading day, expiring P.M.-Settled Third
Friday Index Options would be trading after the settlement index value
for those expiring options was calculated.\7\ Therefore, in order to
mitigate potential investor confusion and the potential for increased
costs to investors as a result of potential pricing divergence at the
end of the trading day, the Exchange believes that it is appropriate to
cease trading in the expiring P.M.-Settled Third Friday Index Options
at 4:00 p.m., as it already does for expiring P.M.-settled SPX, XSP,
and MRUT options that expire on Expiration Fridays and for expiring
broad-based indexes with
[[Page 66165]]
Nonstandard Expirations (which are p.m.-settled) for the same
aforementioned reasons.\8\ The Exchange does not believe that the
proposed rule change will impact volatility on the underlying cash
market comprising broad-based indexes at the close on Expiration
Fridays, as it already closes trading on the last trading day for
expiring P.M.-settled options at 4:00 p.m. (such as P.M.-settled SPX,
XSP, and MRUT options that expire on Expiration Fridays and broad-based
index options with Nonstandard Expirations), which the Exchange does
not believe has had an adverse impact on fair and orderly markets on
Expiration Fridays for the underlying stocks comprising the
corresponding indexes.\9\
---------------------------------------------------------------------------
\6\ See Rule 1.6, which states that unless otherwise specified,
all times in the Rules are Eastern Time.
\7\ Further, the Exchange expects that all P.M.-Settled Third
Friday Index Options (as the Exchange understands is the case for
P.M.-settled SPX, XSP and MRUT options that expire on Expiration
Friday and all broad-based index options with Nonstandard
Expirations) will typically be priced in the market based on
corresponding futures values. If trading expiring P.M.-Settled Third
Friday Index Options continued until 4:15 p.m. on their last trading
day, expiring P.M.-Settled Third Friday Index Options could not be
priced on corresponding futures values, but rather would have to be
priced on the known cash value. At the same time, the prices of non-
expiring P.M.-Settled Third Friday Index Options series would
continue to move and likely be priced in response to changes in
corresponding futures prices. As a result, a potential pricing
divergence could occur between 4:00 p.m. and 4:15 p.m. on the final
trading day in expiring P.M.-Settled Third Friday Index Options
(e.g., a switch from pricing off of futures to cash). The Exchange
understands that the switch from pricing off of futures to cash can
be a difficult and risky crossover for liquidity providers. As a
result, if expiring P.M.-settled contracts closed at 4:15 p.m.,
Market-Makers may react by widening spreads in order to compensate
for the additional risk.
\8\ See Securities Exchange Act Release Nos. 68888 (February 8,
2013), 78 FR 10668 (February 14, 2013) (SR-CBOE-2012-120) (``SPXPM
Pilot Approval Order''); 70087 (July 31, 2013), 78 FR 47809 (August
6, 2013) (SR-CBOE-2013-055) (``XSPPM Pilot Approval Order''); and
91067 (February 5, 2021), 86 FR 9108 (February 11, 2021) (SR-CBOE-
2020-116) (``MRUTPM Pilot Approval Order'').
\9\ See Securities Exchange Act Release Nos. 98454 (September
20, 2023), 88 FR 66103 (September 26, 2023) (SR-CBOE-2023-005)
(``SPXPM Permanent Approval Order''); and 98455 (September 20,
2023), 88 FR 66073 (September 26, 2023) (SR-CBOE-2023-019) (``XSPPM
and MRUTPM Permanent Approval Order'').
---------------------------------------------------------------------------
With regard to the impact of this proposal on system capacity, the
Exchange has analyzed its capacity and represents that it believes that
the Exchange and OPRA have the necessary systems capacity to handle any
potential additional traffic associated with trading of P.M.-Settled
Third Friday Index Options. The Exchange does not believe that its
Trading Permit Holders (``TPHs'') will experience any capacity issues
as a result of this proposal and represents that it will monitor the
trading volume associated with any possible additional options series
listed as a result of this proposal and the effect (if any) of these
additional series on market fragmentation and on the capacity of the
Exchange's automated systems.
In addition to this, the Exchange believes that its existing
surveillance and reporting safeguards in place are adequate to deter
and detect possible manipulative behavior which might arise from
listing and trading P.M.-Settled Third Friday Index Options on all
broad-based index options and will support the protection of investors
and the public interest. Furthermore, the trading of P.M.-Settled Third
Friday Index Options will be subject to Exchange Rules governing
customer accounts, position and exercise limits, margin requirements
and trading halt procedures, among other Rules, which are designed to
prevent fraudulent and manipulative acts and practices.
2. Statutory Basis
The Exchange believes the proposed rule change is consistent with
the Securities Exchange Act of 1934 (the ``Act'') and the rules and
regulations thereunder applicable to the Exchange and, in particular,
the requirements of Section 6(b) of the Act.\10\ Specifically, the
Exchange believes the proposed rule change is consistent with the
Section 6(b)(5) \11\ requirements that the rules of an exchange be
designed to prevent fraudulent and manipulative acts and practices, to
promote just and equitable principles of trade, to foster cooperation
and coordination with persons engaged in regulating, clearing,
settling, processing information with respect to, and facilitating
transactions in securities, to remove impediments to and perfect the
mechanism of a free and open market and a national market system, and,
in general, to protect investors and the public interest. Additionally,
the Exchange believes the proposed rule change is consistent with the
Section 6(b)(5) \12\ requirement that the rules of an exchange not be
designed to permit unfair discrimination between customers, issuers,
brokers, or dealers.
---------------------------------------------------------------------------
\10\ 15 U.S.C. 78f(b).
\11\ 15 U.S.C. 78f(b)(5).
\12\ Id.
---------------------------------------------------------------------------
In particular, the Exchange believes that the proposed rule change
will remove impediments to and perfect the mechanism of a free and open
market and a national market system, and, in general, to protect
investors and the public interest. The Exchange believes that expanding
the availability of P.M.-Settled Third Friday Index Options to all
broad-based index options (rather than having these expirations
available for three broad-based indexes only) will provide investors
with expanded hedging tools and greater trading opportunities and
flexibility, regardless of in which broad-based index option market
they participate. As a result, investors will have additional means for
additional index options to manage their risk exposures and carry out
their investment objectives. By offering expanded P.M.-Settled Third
Friday Index Options along with Weekly Expirations (including
expirations on Fridays other than Expiration Friday) for all broad-
based index options, the proposed rule change will allow market
participants to purchase options on all broad-based index options
available for trading on the Exchange in a manner more aligned with
specific timing needs and more effectively tailor their investment and
hedging strategies and manage their portfolios. For example, the
proposed rule change will allow market participants to roll their
positions in more index options on more trading days, thus with more
precision, spread risk across more trading days and incorporate daily
changes in the markets, which may reduce the premium cost of buying
protection. The Exchange represents that it believes that it has the
necessary systems capacity to support any additional traffic associated
with trading of options on all broad-based index options with P.M.-
Settled Third Friday Index Options and does not believe that its TPHs
will experience any capacity issues as a result of this proposal.
The Commission previously recognized that listing P.M.-Settled
Third Friday Index Options for SPX, XSP, and MRUT options was
consistent with the Act.\13\ The Commission noted that P.M.-Settled
Third Friday Index Options in these index options ``has benefitted
investors and other market participants by providing more flexible
trading and hedging opportunities while also having no disruptive
impact on the market.'' \14\ The proposed rule change is consistent
with these findings, as it will benefit investors and other market
participants that participate in the markets for broad-based index
options other than SPX, XSP, and MRUT options in the same manner as
SPX, XSP, and MRUT options that expire on Expiration Fridays do by
providing investors with more flexible trading and hedging
opportunities in these additional index options. Additionally, the
Exchange does not believe listing of P.M.-settled options that expire
on Expiration Fridays on additional broad-based indexes will have any
significant economic impact on the underlying component securities
surrounding the close as a result of expiring p.m.-settled options or
impact market quality, based on the data provided to and reviewed by
the Commission (and the Commission's own conclusions based on that
review, as noted above) and due to the
[[Page 66166]]
significant changes in closing procedures in the decades since index
options moved to a.m.-settlement.\15\
---------------------------------------------------------------------------
\13\ See SPXPM, XSPPM, and MRUTPM Pilot Approval Orders (the
Exchange initially listed P.M.-Settled Third Friday SPX, XSP, and
MRUT Options pursuant to pilot programs, so the Commission could
monitor the impact of P.M. settlement of cash-settled index
derivatives on the underlying cash markets (while recognizing that
these risks may have been mitigated given enhanced closing
procedures in use in the primary equity markets); and SPXPM, XSPPM,
and MRUTPM Permanent Approval Orders.
\14\ See SPXPM Permanent Approval Order at 66106; and XSPPM and
MRUTPM Permanent Approval Order at 66076 (citing data the Commission
reviewed in connection with the pilot programs).
\15\ See id.
---------------------------------------------------------------------------
In addition, the Exchange believes that the proposal to end trading
at 4:00 p.m. on the last trading day for transactions in expiring P.M.-
Settled Third Friday Index Options will prevent continued trading on a
product after the exercise settlement value has been fixed, thereby
mitigating potential investor confusion and the potential for increased
costs to investors as a result of potential pricing divergence at the
end of the trading day.
Finally, the proposed rule change to correct the definition of
p.m.-settled in Rule 4.13, Interpretation and Policy .13 will benefit
investors, as it will mitigate potential confusion of having an
outdated definition in the Exchange's Rules. This proposed rule change
will have no impact on trading, as the proposed definition of p.m.-
settled is consistent with how p.m.-settled options currently settle.
B. Self-Regulatory Organization's Statement on Burden on Competition
The Exchange does not believe that the proposed rule change will
impose any burden on competition that is not necessary or appropriate
in furtherance of the purposes of the Act. The Exchange does not
believe that the proposed rule change will impose any burden on
intramarket competition that is not necessary or appropriate in
furtherance of the purposes of the Act because P.M.-Settled Third
Friday Index Options in all broad-based indexes will be available to
all market participants. By permitting P.M.-settled options that expire
on Expiration Fridays in additional broad-based indexes, the proposed
rule change will provide all investors that participate in the markets
for options on more broad-based indexes (in addition to SPX, XSP, and
MRUT options) available for trading on the Exchange with greater
trading and hedging opportunities and flexibility to meet their
investment and hedging needs, which are already available for SPX, XSP,
and MRUT options. Additionally, P.M.-Settled Third Friday Index Options
will trade in the same manner as A.M-settled options on the same
indexes. Further, the proposed 4:00 p.m. closing time on Expiration
Fridays will apply equally to all market participants trading in P.M.-
Settled Third Friday Index Options.
The Exchange does not believe that the proposal to list P.M.-
Settled Third Friday Index Options in all broad-based indexes will
impose any burden on intermarket competition that is not necessary or
appropriate in furtherance of the purposes of the Act because these
options are proprietary Exchange products. Other exchanges offer P.M.-
settlement on Expiration Fridays for other broad-based index
options.\16\ Additionally, options on equity options (including options
on certain exchange-traded funds (``ETFs'') that track broad-based
indexes on which the Exchange lists options) are P.M.-settled, and
exchanges offer short-term options programs for certain equity
options,\17\ making options on certain ETFs that track broad-based
indexes on which the Exchange lists options available with expirations
on all Fridays. To the extent that the addition of P.M.-Settled Third
Friday Index Options on additional broad-based indexes available for
trading on the Exchange makes the Exchange a more attractive
marketplace to market participants at other exchanges, such market
participants are free to elect to become market participants on the
Exchange.
---------------------------------------------------------------------------
\16\ See, e.g., Nasdaq PHLX, LLC Options 4A, Section 12(a)(6)
(permitting P.M.-settlement for options on the Nasdaq-100 and
Nasdaq-100 Micro Indexes that expire on Expiration Fridays).
\17\ See, e.g., Nasdaq PHLX, LLC Options 4A, Section 12
(permitting nonstandard expirations, including expirations on
Tuesdays and Thursdays, for Nasdaq-100 index options and Nasdaq 100-
Micro index options); and Nasdaq ISE, LLC Options 4, Section 5,
Supplementary Material .03 (permitting short-term options series
with daily expirations for SPY and QQQ options). [update] [sic]
---------------------------------------------------------------------------
The Exchange does not believe the proposed rule change to correct
the definition of p.m.-settled in Rule 4.13, Interpretation and Policy
.13 will impose any burden on competition that is not necessary or
appropriate in furtherance of the purposes of the Act, as it is not a
competitive change. This proposed change merely updates an outdated
definition in the Exchange's Rules and will have no impact on trading,
as the proposed definition of p.m.-settled is consistent with how p.m.-
settled options currently settle.
C. Self-Regulatory Organization's Statement on Comments on the Proposed
Rule Change Received From Members, Participants, or Others
The Exchange neither solicited nor received written comments on the
proposed rule change.
III. Date of Effectiveness of the Proposed Rule Change and Timing for
Commission Action
Within 45 days of the date of publication of this notice in the
Federal Register or within such longer period up to 90 days (i) as the
Commission may designate if it finds such longer period to be
appropriate and publishes its reasons for so finding or (ii) as to
which the Exchange consents, the Commission will:
A. by order approve or disapprove such proposed rule change, or
B. institute proceedings to determine whether the proposed rule
change should be disapproved.
IV. Solicitation of Comments
Interested persons are invited to submit written data, views and
arguments concerning the foregoing, including whether the proposed rule
change is consistent with the 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#a3d1d6cfc68ec0cccecec6cdd7d0e3d0c6c08dc4ccd5"><span class="__cf_email__" data-cfemail="146661787139777b7979717a6067546771773a737b62">[email protected]</span></a>. Please include
file number SR-CBOE-2024-034 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 SR-CBOE-2024-034. 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/sro.shtml">https://www.sec.gov/rules/sro.shtml</a>). Copies of the submission, all subsequent amendments, all
written statements with respect to the proposed rule change that are
filed with the Commission, and all written communications relating to
the proposed rule change 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
[[Page 66167]]
subject to copyright protection. All submissions should refer to file
number SR-CBOE-2024-034 and should be submitted on or before September
4, 2024.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\18\
---------------------------------------------------------------------------
\18\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2024-18069 Filed 8-13-24; 8:45 am]
BILLING CODE 8011-01-P
</pre><script data-cfasync="false" src="/cdn-cgi/scripts/5c5dd728/cloudflare-static/email-decode.min.js"></script></body>
</html>Indexed from Federal Register on August 14, 2024.
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.