[Federal Register Volume 89, Number 19 (Monday, January 29, 2024)]
[Notices]
[Page 5588]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-01621]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-99417; File No. SR-CBOE-2023-063]


Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of 
Designation of a Longer Period for Commission Action on a Proposed Rule 
Change To Amend the Exchange's Rules Relating to Position and Exercise 
Limits

January 23, 2024.
    On November 29, 2023, 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 (the ``Act''),\1\ and Rule 19b-4 thereunder,\2\ a 
proposed rule change to amend its rules relating to position and 
exercise limits. The proposed rule change was published for comment in 
the Federal Register on December 14, 2023.\3\ The Commission has 
received two comment letters regarding the proposed rule change.\4\
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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. 99119 (December 8, 
2023), 88 FR 86701.
    \4\ See letters from Jennifer W. Han, Executive Vice President, 
Chief Counsel and Head of Global Regulatory Affairs, Managed Funds 
Association, to Sherry R. Haywood, Assistant Secretary, Commission, 
dated January 4, 2024; and Ji[rcaron][iacute] Kr[oacute]l, Deputy 
CEO, Global Head of Government Affairs, Alternative Investment 
Management Association, to Vanessa Countryman, Secretary, 
Commission, dated January 14, 2024. Comment letters can be accessed 
at https://www.sec.gov/comments/sr-cboe-2023-063/srcboe2023063.htm.
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    Section 19(b)(2) of the Act \5\ 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 January 28, 2024.
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    \5\ 15 U.S.C. 78s(b)(2).
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    The Commission is extending the 45-day time period for Commission 
action on the proposed rule change. 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,\6\ the Commission designates March 13, 
2024, 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-2023-063).
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    \6\ Id.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\7\
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    \7\ 17 CFR 200.30-3(a)(31).
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Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2024-01621 Filed 1-26-24; 8:45 am]
BILLING CODE 8011-01-P