Notice2025-03888
Self-Regulatory Organizations; Investors Exchange LLC; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Adopt Rules To Govern the Trading of Options on the Exchange for a New Facility Called IEX Options
Primary source
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Published
March 12, 2025
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 90 Issue 47 (Wednesday, March 12, 2025)</title>
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[Federal Register Volume 90, Number 47 (Wednesday, March 12, 2025)]
[Notices]
[Page 11866]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-03888]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-102536; File No. SR-IEX-2025-02]
Self-Regulatory Organizations; Investors Exchange LLC; Notice of
Designation of a Longer Period for Commission Action on a Proposed Rule
Change To Adopt Rules To Govern the Trading of Options on the Exchange
for a New Facility Called IEX Options
March 6, 2025.
On January 10, 2025, the Investors Exchange LLC (``IEX'' 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 to adopt rules to govern the trading of options on
IEX Options LLC, a facility of the Exchange that will be established in
a separate rule filing. The proposed rule change was published for
comment in the Federal Register on January 21, 2025.\3\ The Commission
has received comments on the proposed rule change.\4\
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\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
\3\ See Securities Exchange Act Release No. 102190 (Jan. 14,
2025), 90 FR 7205.
\4\ Comments on the proposed rule change are available at
<a href="https://www.sec.gov/comments/sr-iex-2025-02/sriex202502.htm">https://www.sec.gov/comments/sr-iex-2025-02/sriex202502.htm</a>.
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Section 19(b)(2) of the Act \5\ provides that within 45 days of the
publication of notice of the filing of a proposed rule change, or
within such longer period up to 90 days as the Commission may designate
if it finds such longer period to be appropriate and publishes its
reasons for so finding, or as to which the self-regulatory organization
consents, the Commission shall either approve the proposed rule change,
disapprove the proposed rule change, or institute proceedings to
determine whether the proposed rule change should be disapproved. The
45th day after publication of the notice for this proposed rule change
is March 7, 2025. The Commission is extending this 45-day time period.
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\5\ 15 U.S.C. 78s(b)(2).
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The Commission finds it appropriate to designate a longer period
within which to take action on the proposed rule change so that it has
sufficient time to consider the proposed rule change and the comments
received. Accordingly, the Commission, pursuant to Section 19(b)(2) of
the Act,\6\ designates April 21, 2025, as the date by which the
Commission shall either approve or disapprove, or institute proceedings
to determine whether to disapprove, the proposed rule change (File No.
SR-IEX-2025-02).
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\6\ Id.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\7\
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\7\ 17 CFR 200.30-3(a)(31).
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Vanesssa A. Countryman,
Secretary.
[FR Doc. 2025-03888 Filed 3-11-25; 8:45 am]
BILLING CODE 8011-01-P
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</html>Indexed from Federal Register on March 12, 2025.
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