88 FR 142 pgs. 48278-48279 - Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of Designation of a 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 Make Permanent the Operation of the Program That Allows the Exchange to List P.M.-Settled Third Friday-of-the-Month S&P 500 Stock Index Options (“SPX”) Series
Type: NOTICEVolume: 88Number: 142Pages: 48278 - 48279
Pages: 48278, 48279Docket number: [Release No. 34-97956; File No. SR-CBOE-2023-005]
FR document: [FR Doc. 2023-15771 Filed 7-25-23; 8:45 am]
Agency: Securities and Exchange Commission
Official PDF Version: PDF Version
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-97956; File No. SR-CBOE-2023-005]
Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of Designation of a 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 Make Permanent the Operation of the Program That Allows the Exchange to List P.M.-Settled Third Friday-of-the-Month S&P 500 Stock Index Options ("SPX") Series
July 20, 2023.
On January 6, 2023, Cboe Exchange, Inc. ("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 make permanent the operation of its pilot program ("Program") that permits the Exchange to list p.m.-settled third Friday-of-the-month SPX options ("SPXPM"). The proposed rule change was published for comment in the Federal Register on January 24, 2023. 3
Footnotes:
1 ?15 U.S.C. 78s(b)(1).
2 ?17 CFR 240.19b-4.
3 ? See Securities Exchange Act Release No. 96703 (January 18, 2023), 88 FR 4265.
On March 7, 2023, pursuant to Section 19(b)(2) of the Act, 4 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 disapprove the proposed rule change. 5 On March 17, 2023, the Exchange filed Amendment No. 1 to the proposed rule change ("Amendment No. 1"). 6 On April 24, 2023, the Commission instituted proceedings to determine whether to approve or disapprove the proposed rule change and published Amendment No. 1 for notice and comment. 7
Footnotes:
4 ?15 U.S.C. 78s(b)(2).
5 ? See Securities Exchange Act Release No. 97063, 88 FR 15476 (March 13, 2023).
6 ?Amendment No. 1 is available at: https://www.sec.gov/comments/sr-cboe-2023-005/srcboe2023005.htm.
7 ? See Securities Exchange Act Release No. 97367 (April 24, 2023), 88 FR 26366 (April 28, 2023).
[top] Section 19(b)(2) of the Exchange 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
Footnotes:
8 ?15 U.S.C. 78s(b)(2).
9 ? See supra note 3 and accompanying text.
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 and the issues raised therein. Accordingly, the Commission, pursuant to Section 19(b)(2) of the Exchange Act, 10 designates September 21, 2023, as the date by which the Commission shall either approve or disapprove the proposed rule change (File No. SR-CBOE-2023-005).
Footnotes:
10 ?15 U.S.C. 78s(b)(2).
For the Commission, by the Division of Trading and Markets, pursuant to delegated authority. 11
Footnotes:
11 ?17 CFR 200.30-3(a)(57).
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023-15771 Filed 7-25-23; 8:45 am]
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