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89 FR 245 pgs. 104253-104254 - Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Amend Options 3, Section 13 Related to XND

Type: NOTICEVolume: 89Number: 245Pages: 104253 - 104254
Docket number: [Release No. 34-101919; File No. SR-Phlx-2024-54]
FR document: [FR Doc. 2024-30348 Filed 12-19-24; 8:45 am]
Agency: Securities and Exchange Commission
Official PDF Version:  PDF Version
Pages: 104253, 104254

[top] page 104253

SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-101919; File No. SR-Phlx-2024-54]

Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Amend Options 3, Section 13 Related to XND

December 16, 2024.

On October 18, 2024, Nasdaq PHLX LLC ("Phlx" or the "Exchange") 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 Options 3, Section 13, Price Improvement XL ("PIXL") to permit orders for the accounts of appointed market makers to be solicited for PIXL auctions in Nasdaq-100 Micro Index ("XND") Options. The proposed rule change was published for comment in the Federal Register on November 6, 2024. 3 The Commission has received no comments on the proposed rule change.

Footnotes:

1 ?15 U.S.C. 78s(b)(1).

2 ?17 CFR 240.19b-4.

3 ? See Securities Exchange Act Release No. 101488 (Oct. 31, 2024), 89 FR 88092.


[top] 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 (i) as the Commission may page 104254 designate if it finds such longer period to be appropriate and publishes its reasons for so finding or (ii) 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 December 21, 2024. The Commission is extending this 45-day time period.

Footnotes:

4 ?15 U.S.C. 78s(b)(2).

The Commission finds that it is 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, pursuant to Section 19(b)(2) of the Act, 5 the Commission designates February 4, 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 (File No. SR-Phlx-2024-54).

Footnotes:

5 ? Id.

For the Commission, by the Division of Trading and Markets, pursuant to delegated authority. 6

Footnotes:

6 ?17 CFR 200.30-3(a)(31).

Sherry R. Haywood,

Assistant Secretary.

[FR Doc. 2024-30348 Filed 12-19-24; 8:45 am]

BILLING CODE 8011-01-P