Notice2024-27611
Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Withdrawal of a Proposed Rule Change To Amend the Exchange's Fees for Top of PHLX Options (TOPO), PHLX Orders, and TOPO Plus Orders
Primary source
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Published
November 26, 2024
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 89 Issue 228 (Tuesday, November 26, 2024)</title>
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[Federal Register Volume 89, Number 228 (Tuesday, November 26, 2024)]
[Notices]
[Page 93384]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-27611]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-101664; File No. SR-Phlx-2024-15]
Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of
Withdrawal of a Proposed Rule Change To Amend the Exchange's Fees for
Top of PHLX Options (TOPO), PHLX Orders, and TOPO Plus Orders
November 20, 2024.
On March 20, 2024, Nasdaq PHLX LLC (``Phlx'' or ``Exchange'') filed
with the Securities and Exchange Commission (``Commission''), pursuant
to Section 19(b)(1) of the Securities Exchange Act of 1934
(``Act''),\1\ and Rule 19b-4 thereunder,\2\ a proposed rule change
(File Number SR-Phlx-2024-15) to increase fees for certain market data
products. The proposed rule change was immediately effective upon
filing with the Commission pursuant to Section 19(b)(3)(A) of the
Act.\3\ On March 28, 2024, the proposed rule change was published for
comment in the Federal Register.\4\ On May 16, 2024, the Commission
issued an order temporarily suspending the proposed rule change
pursuant to Section 19(b)(3)(C) of the Act \5\ and simultaneously
instituting proceedings under Section 19(b)(2)(B) of the Act \6\ to
determine whether to approve or disapprove the proposed rule change.\7\
On September 20, 2024, pursuant to Section 19(b)(2) of the Exchange
Act,\8\ the Commission designated a longer period within which to issue
an order approving or disapproving the proposed rule change.\9\ On
November 19, 2024, the Exchange withdrew the proposed rule change (SR-
Phlx-2024-15).
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\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
\3\ 15 U.S.C. 78s(b)(3)(A). A proposed rule change may take
effect upon filing with the Commission if it is designated by the
exchange as ``establishing or changing a due, fee, or other charge
imposed by the self-regulatory organization on any person, whether
or not the person is a member of the self-regulatory organization.''
15 U.S.C. 78s(b)(3)(A)(ii).
\4\ See Securities Exchange Act Release No. 99841 (March 22,
2024), 89 FR 21648.
\5\ 15 U.S.C. 78s(b)(3)(C).
\6\ 15 U.S.C. 78s(b)(2)(B).
\7\ See Securities Exchange Act Release No. 100160, 89 FR 45036
(May 22, 2024). The Commission has received one comment letter on
the proposed rule change, as well as a response from the Exchange to
the Order Instituting Proceedings. Comments received on the proposed
rule change are available at: <a href="https://www.sec.gov/comments/sr-phlx-2024-15/srphlx202415.htm">https://www.sec.gov/comments/sr-phlx-2024-15/srphlx202415.htm</a>.
\8\ 15 U.S.C. 78s(b)(2).
\9\ See Securities Exchange Act Release No. 101115, 89 FR 78928
(September 26, 2024). The Commission designated November 23, 2024,
as the date by which the Commission shall approve or disapprove the
proposed rule change.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\10\
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\10\ 17 CFR 200.30-3(a)(12).
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Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2024-27611 Filed 11-25-24; 8:45 am]
BILLING CODE 8011-01-P
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</html>Indexed from Federal Register on November 26, 2024.
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