Notice2025-01560
In the Matter of the Application of Green Impact Exchange, LLC for Registration as a National Securities Exchange; Notice of Designation of a Longer Period for Commission Action on Proceedings To Determine Whether To Grant or Deny an 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
January 27, 2025
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 90 Issue 16 (Monday, January 27, 2025)</title>
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[Federal Register Volume 90, Number 16 (Monday, January 27, 2025)]
[Notices]
[Pages 8228-8229]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-01560]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-102223; File No. 10-244]
In the Matter of the Application of Green Impact Exchange, LLC
for Registration as a National Securities Exchange; Notice of
Designation of a Longer Period for Commission Action on Proceedings To
Determine Whether To Grant or Deny an Application for Registration as a
National Securities Exchange Under Section 6 of the Securities Exchange
Act of 1934
January 16, 2025.
On May 9, 2024, Green Impact Exchange, LLC (``GIX'') filed with the
Securities and Exchange Commission (``Commission'') a Form 1
application (``Form 1'') under the Securities Exchange Act of 1934
(``Act''), seeking registration as a national securities exchange under
Section 6 of the Act.\1\ Notice of the application was published for
comment in the Federal Register on July 23, 2024.\2\ The Commission
received comments on the GIX Form 1,\3\ all expressing support for the
Form 1. On October 21, 2024, the Commission instituted proceedings
pursuant to Section 19(a)(1)(B) of the Act \4\ to determine whether to
grant or deny GIX's application for registration as a national
securities exchange under Section 6 of the Act.\5\ After issuing the
OIP, the Commission received comments opposing the Form 1 and a
response letter from GIX.
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\1\ 15 U.S.C. 78f.
\2\ See Securities Exchange Act Release No. 100547 (July 17,
2024), 89 FR 59795 (``Notice'').
\3\ The public comment file for GIX's Form 1 (File No. 10-244)
is available on the Commission's website at: <a href="https://www.sec.gov/comments/10-244/10-244.htm">https://www.sec.gov/comments/10-244/10-244.htm</a>.
\4\ 15 U.S.C. 78s(a)(1)(B).
\5\ See Securities Exchange Act Release No. 101397, 89 FR 85264
(Oct. 25, 2024) (``OIP'').
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Section 19(a)(1)(B) of the Act provides that proceedings instituted
to determine whether to deny an application for registration as a
national securities exchange shall be concluded within 180 days of the
date of a publication of notice of the filing of the application for
registration.\6\ At the conclusion of such proceedings, the Commission,
by order, shall grant or deny such registration.\7\ The Commission may
extend the time for conclusion of such proceedings for up to 90 days if
it finds good cause for such extension and publishes its reasons for so
finding.\8\ The Notice was published for comment in the Federal
Register on July 23, 2024.\9\ The 180th day after publication of the
Notice is January 19, 2025. The Commission is extending the time period
for granting or denying GIX's application for registration as a
national securities exchange for an additional 90 days.
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\6\ 15 U.S.C. 78s(a)(1)(B).
\7\ Id.
\8\ Id.
\9\ See supra note 2 and accompanying text.
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The Commission finds good cause for extending the period for
granting or denying GIX's application for registration as a national
securities exchange because the extension will provide additional time
for the Commission to assess whether GIX's Form 1 satisfies the
requirements of the Act and the rules and regulations thereunder. As
described in the Notice and OIP, GIX proposes to adopt novel Green
Governance Standards.\10\ Therefore, the Commission believes that there
is good cause to extend the time for conclusion of the proceedings for
90 days.
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\10\ See OIP, supra note 5, 89 FR at 85266-67.
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Accordingly, the Commission, pursuant to Section 19(a)(1)(B) of the
Act,\11\ designates April 19, 2025, as the date by which the Commission
shall either grant or deny GIX's Form 1.
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\11\ 15 U.S.C. 78s(a)(1)(B).
[[Page 8229]]
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By the Commission.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2025-01560 Filed 1-24-25; 8:45 am]
BILLING CODE 8011-01-P
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</html>Indexed from Federal Register on January 27, 2025.
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