[Federal Register Volume 88, Number 217 (Monday, November 13, 2023)]
[Notices]
[Page 77647]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-24864]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-98860; File No. SR-CboeBZX-2023-063]


Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of 
Designation of a Longer Period for Commission Action on a Proposed Rule 
Change To Adopt an Alternative to the Minimum $4 Price Requirement for 
Companies Seeking To List Tier II Securities on the Exchange

November 6, 2023.
    On September 19, 2023, Cboe BZX Exchange, Inc. (``BZX'' 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 adopt an alternative to the minimum $4 price 
requirement for companies seeking to list Tier II securities on the 
Exchange. The proposed rule change was published for comment in the 
Federal Register on October 2, 2023.\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. 98532 (Sept. 26, 
2023) 88 FR 67852. Comments received on the proposed rule change are 
available at: https://www.sec.gov/comments/sr-cboebzx-2023-063/srcboebzx2023063.htm.
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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 (i) as the Commission may 
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 November 16, 2023. 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 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 
comments received. Accordingly, pursuant to section 19(b)(2) of the 
Act,\5\ the Commission designates December 31, 2023, 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-CboeBZX-2023-063).
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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. 2023-24864 Filed 11-9-23; 8:45 am]
BILLING CODE 8011-01-P