Self-Regulatory Organizations; Cboe BYX Exchange, Inc.; Notice of Designation of Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change, as Modified by Amendment No. 1, To Amend Rule 11.25 To Introduce an Optional, Contingent Instruction Applicable to Periodic Auction Only Orders, Introduce a Time-in-Force of Auction or Cancel, and Make Conforming Changes to Its Periodic Auction Processing Behavior To Support the Proposed Contingent Instruction

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[Federal Register Volume 91, Number 216 (Tuesday, November 10, 2026)]
[Notices]
[Page 72587]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-22847]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-106829; File No. SR-CboeBYX-2026-014]


Self-Regulatory Organizations; Cboe BYX Exchange, Inc.; Notice of 
Designation of Longer Period for Commission Action on Proceedings To 
Determine Whether To Approve or Disapprove a Proposed Rule Change, as 
Modified by Amendment No. 1, To Amend Rule 11.25 To Introduce an 
Optional, Contingent Instruction Applicable to Periodic Auction Only 
Orders, Introduce a Time-in-Force of Auction or Cancel, and Make 
Conforming Changes to Its Periodic Auction Processing Behavior To 
Support the Proposed Contingent Instruction

November 5, 2026.
    On April 28, 2026, Cboe BYX Exchange, Inc. (``Exchange'' or 
``BYX'') filed with the Securities and Exchange Commission 
(``Commission''), pursuant to Section 19(b)(1) \1\ of the Securities 
Exchange Act of 1934 (``Act'') \2\ and Rule 19b-4 thereunder,\3\ a 
proposed rule change to introduce an optional, Contingent Instruction 
applicable to Periodic Auction Only Orders, introduce a time-in-force 
of Auction or Cancel, and make conforming changes to its Periodic 
Auction processing behavior to support the proposed Contingent 
Instruction. The proposed rule change was published for comment in the 
Federal Register on May 14, 2026.\4\ On June 18, 2026, pursuant to 
Section 19(b)(2)(A)(ii)(I) of the Act,\5\ the Commission designated a 
longer period within which to approve the proposed rule change, 
disapprove the proposed rule change, or institute proceedings to 
determine whether to approve or disapprove the proposed rule change.\6\ 
The Commission has not received any comments on the proposal. On August 
6, 2026, the Exchange filed Amendment No. 1 to the proposed rule 
change, which replaced and superseded the original filing in its 
entirety. On August 11, 2026 the Commission published Amendment No. 1 
for comment and instituted proceedings under Section 19(b)(2)(B) of the 
Act \7\ to determine whether to approve or disapprove the proposed rule 
change, as modified and superseded by Amendment No. 1.\8\
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 15 U.S.C. 78a.
    \3\ 17 CFR 240.19b-4.
    \4\ See Securities Exchange Act Release No. 105436 (May 11, 
2026), 91 FR 27406 (``Notice'').
    \5\ See 15 U.S.C. 78s(b)(2)(A)(ii)(I).
    \6\ See Securities Exchange Act Release No. 105727, 91 FR 38043 
(June 24, 2026).
    \7\ 15 U.S.C. 78s(b)(2)(B).
    \8\ See Securities Exchange Act Release No. 106071, 91 FR 52735 
(Aug. 14, 2026).
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    Section 19(b)(2) of the Act \9\ 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 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 
change was published for notice and comment in the Federal Register on 
May 14, 2026.\10\ November 10, 2026 is 180 days from that date, and 
January 9, 2027 is 240 days from that date.
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    \9\ 15 U.S.C. 78s(b)(2).
    \10\ See Notice, supra note 4.
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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 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,\11\ designates January 9, 2027 as the date by which the 
Commission shall either approve or disapprove the proposed rule change 
(File No. SR-CboeBYX-2026-014).
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    \11\ 15 U.S.C. 78s(b)(2).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\12\
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    \12\ 17 CFR 200.30-3(a)(57).
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Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2026-22847 Filed 11-9-26; 8:45 am]
BILLING CODE 8011-01-P


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