Notice2025-17241
Self-Regulatory Organizations; Cboe Exchange, Inc., Cboe BZX Exchange, Inc., Cboe EDGX Exchange, Inc.; Notice of Designation of a Longer Period for Commission Action on Proceedings to Determine Whether to Approve or Disapprove Proposed Rule Changes to Amend Rules to Permit the Listing of Options on Commodity-Based Trust Shares
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
September 9, 2025
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 90 Issue 172 (Tuesday, September 9, 2025)</title>
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[Federal Register Volume 90, Number 172 (Tuesday, September 9, 2025)]
[Notices]
[Pages 43497-43498]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-17241]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-103871; File Nos. SR-CBOE-2025-014, SR-CboeBZX-2025-
034, SR-CboeEDGX-2025-018]
Self-Regulatory Organizations; Cboe Exchange, Inc., Cboe BZX
Exchange, Inc., Cboe EDGX Exchange, Inc.; Notice of Designation of a
Longer Period for Commission Action on Proceedings to Determine Whether
to Approve or Disapprove Proposed Rule Changes to Amend Rules to Permit
the Listing of Options on Commodity-Based Trust Shares
September 4, 2025.
On March 5, 2025, Cboe Exchange, Inc. (``Cboe''), Cboe BZX
Exchange, Inc. (``BZX''), and Cboe EDGX Exchange, Inc. (``EDGX'') (each
an ``Exchange,'' and, collectively, the ``Exchanges'') 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\ proposed rule changes to amend their
respective rules to allow the Exchanges to list and trade options on
Commodity-Based Trust Shares. The proposed rule changes were published
for comment in the Federal Register on March 19, 2025.\3\ On April 25,
2025, pursuant to Section 19(b)(2) of the Act,\4\ the Commission
designated a longer period within which to approve the proposed rule
changes, disapprove the proposed rule changes, or institute proceedings
to determine whether to disapprove the proposed rule changes.\5\ On
June 12, 2025, the Commission instituted proceedings under Section
19(b)(2)(B) of the Act \6\ to determine whether to approve or
disapprove the proposed rule changes.\7\ The
[[Page 43498]]
Commission has not received any comments on the proposed rule changes.
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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. 102647 (Mar. 13,
2025), 90 FR 12865 (SR-Cboe-2025-014); Securities Exchange Act
Release No. 102648 (March 13, 2025), 90 FR 12914 (SR-CboeBZX-2025-
034); Securities Exchange Act Release No. 102649 (March 13, 2025),
90 FR 12838 (SR-CboeEDGX-2025-018) (collectively, ``Notices'').
\4\ 15 U.S.C. 78s(b)(2).
\5\ See Securities Exchange Act Release No. 102935 (Apr. 25,
2025), 90 FR 18719 (May 1, 2025) (SR-CboeEDGX-2025-018; Securities
Exchange Act Release No. 102934 (Apr. 25, 2025) (SR-Cboe-2025-014),
90 FR 18717 (May 1, 2025) (SR-CboeBZX-2025-034); Securities Exchange
Act Release No. 102933 (Apr. 25, 2025), 90 FR 18715 (May 1, 2025)
(SR-CboeEDGX-2025-018) (all designating June 17, 2025, as the date
by which the Commission shall either approve, disapprove, or
institute proceedings to determine whether to disapprove the
proposed rule change).
\6\ 15 U.S.C. 78s(b)(2)(B).
\7\ See Securities Exchange Act Release No. 103241, 90 FR 25707
(June 17, 2025).
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Section 19(b)(2) of the Act \8\ provides that, after initiating
proceedings, the Commission shall issue an order approving or
disapproving the proposed rule change not later than 180 days after the
date of publication of the notice of filing of the proposed rule
change. The Commission may extend the period for issuing an order
approving or disapproving the proposed rule change, however, by not
more than 60 days if the Commission determines that a longer period is
appropriate and publishes the reasons for such determination. The
proposed rule changes were published for notice and comment in the
Federal Register on March 19, 2025.\9\ The 180th day after publication
of the Notices is September 15, 2025. The Commission is extending the
time period for approving or disapproving the proposed rule changes for
an additional 60 days.
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\8\ 15 U.S.C. 78s(b)(2).
\9\ See Notices, supra note 3.
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The Commission finds it appropriate to designate a longer period
within which to issue an order approving or disapproving the proposed
rule changes so that it has sufficient time to
consider the proposed rule changes. Accordingly, the Commission,
pursuant to Section 19(b)(2) of the Act,\10\ designates November 14,
2025, as the date by which the Commission shall either approve or
disapprove the proposed rule changes (File Nos. SR-Cboe-2025-014; SR-
CboeBZX-2025-034; SR-CboeEDGX-2025-018).
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\10\ 15 U.S.C. 78s(b)(2).
\11\ 17 CFR 200.30-3(a)(57).
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\11\
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2025-17241 Filed 9-8-25; 8:45 am]
BILLING CODE 8011-01-P
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</html>Indexed from Federal Register on September 9, 2025.
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