Notice2025-07498
Self-Regulatory Organizations; Miami International Securities Exchange, LLC; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change, as Modified by Partial Amendment No. 1, To Amend Exchange Rule 402, Criteria for Underlying Securities, To List and Trade Options on Commodity-Based Trust Shares
Primary source
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Published
May 1, 2025
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 90 Issue 83 (Thursday, May 1, 2025)</title>
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[Federal Register Volume 90, Number 83 (Thursday, May 1, 2025)]
[Notices]
[Page 18715]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-07498]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-102932; File No. SR-MIAX-2025-07]
Self-Regulatory Organizations; Miami International Securities
Exchange, LLC; Notice of Designation of a Longer Period for Commission
Action on a Proposed Rule Change, as Modified by Partial Amendment No.
1, To Amend Exchange Rule 402, Criteria for Underlying Securities, To
List and Trade Options on Commodity-Based Trust Shares
April 25, 2025.
On March 5, 2025, Miami International Securities Exchange, LLC
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
amend Exchange Rule 402, Criteria for Underlying Securities, to list
and trade options on Commodity-Based Trust Shares. On March 11, 2025,
the Exchange filed Partial Amendment No. 1 to the proposed rule change.
The proposed rule change, as modified by Partial Amendment No. 1, was
published for comment in the Federal Register on March 19, 2025.\3\ The
Commission has not received any comments regarding the proposed rule
change, as modified by Partial Amendment No. 1.
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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. 102658 (Mar. 13,
2025), 90 FR 12870.
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Section 19(b)(2) of the Act \4\ 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 May 3, 2025. The Commission is extending this 45-day time period.
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\4\ 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. Accordingly, the
Commission, pursuant to Section 19(b)(2) of the Act,\5\ designates June
17, 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, as modified by Partial Amendment
No. 1 (File No. SR-MIAX-2025-07).
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\5\ Id.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\6\
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\6\ 17 CFR 200.30-3(a)(31).
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Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2025-07498 Filed 4-30-25; 8:45 am]
BILLING CODE 8011-01-P
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</html>Indexed from Federal Register on May 1, 2025.
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