Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Amend Its Rules To Permit the Listing of Binary Options Overlying Key Performance Indicators Reported by Certain Issuers of Stock

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[Federal Register Volume 91, Number 167 (Monday, August 31, 2026)]
[Notices]
[Page 55918]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-17667]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-106196; File No. SR-CBOE-2026-061]


Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of 
Designation of a Longer Period for Commission Action on a Proposed Rule 
Change To Amend Its Rules To Permit the Listing of Binary Options 
Overlying Key Performance Indicators Reported by Certain Issuers of 
Stock

August 26, 2026.
    On June 30, 2026, Cboe Exchange, Inc. (the ``Exchange'' or ``Cboe 
Options'') 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 its rules to permit the listing and 
trading of binary options overlying key performance indicators 
(``KPIs'') reported by certain issuers of stock (``binary KPI 
options''). The proposed rule change was published for comment in the 
Federal Register on July 15, 2026.\3\
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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. 105877 (July 10, 
2026), 91 FR 43418. Comments received on the proposed rule change 
are available on the Commission's website at: <a href="https://www.sec.gov/rules-regulations/public-comments/sr-cboe-2026-061">https://www.sec.gov/rules-regulations/public-comments/sr-cboe-2026-061</a>.
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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 August 29, 2026. 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 and the issues 
raised therein. Accordingly, the Commission, pursuant to Section 
19(b)(2) of the Act,\5\ designates October 13, 2026, 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-CBOE-2026-061).
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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. 2026-17667 Filed 8-28-26; 8:45 am]
BILLING CODE 8011-01-P


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