[Federal Register Volume 89, Number 34 (Tuesday, February 20, 2024)]
[Notices]
[Pages 12891-12892]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-03339]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-99530; File No. SR-CboeBZX-2023-062]


Self-Regulatory Organizations; CboeBZX 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 To 
Amend the Initial Period After Commencement of Trading of a Series of 
ETF Shares on the Exchange as It Relates to the Holders of Record and/
or Beneficial Holders, as Provided in Exchange Rule 14.11(l)

February 13, 2024.
    On August 14, 2023, Cboe BZX Exchange, Inc. (``Exchange'' or 
``BZX'') 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 the initial period after commencement of 
trading of a series of ETF Shares on the Exchange as it specifically 
relates to holders of record and/or beneficial holders under BZX Rule 
14.11(l). The proposed rule change was published for comment in the 
Federal Register on September 1, 2023.\3\ On September 25, 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 
November 14, 2023, the Commission instituted proceedings pursuant to 
Section 19(b)(2)(B) of the Act \6\ to determine whether to approve or 
disapprove the proposed rule change.\7\
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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. 98231 (August 28, 
2023), 88 FR 60516.
    \4\ 15 U.S.C. 78s(b)(2).
    \5\ See Securities Exchange Act Release No. 98497 (September 25, 
2023), 88 FR 67397 (September 29, 2023). The Commission has received 
no comments on the proposed rule change.
    \6\ 15 U.S.C. 78s(b)(2)(B).
    \7\ See Securities Exchange Act Release No. 98933, 88 FR 80783 
(November 20, 2023).
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    Section 19(b)(2) of the Act \8\ provides that, after initiating 
disapproval 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

[[Page 12892]]

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 September 1, 2023.\9\ February 28, 2024 is 180 days 
from that date, and April 28, 2024 is 240 days from that date.
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    \8\ 15 U.S.C. 78s(b)(2).
    \9\ See supra note 3, and accompanying text.
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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,\10\ designates April 28, 2024 as the date by which the 
Commission shall either approve or disapprove the proposed rule change 
(File No. SR-CboeBZX-2023-062).
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    \10\ Id.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\11\
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    \11\ 17 CFR 200.30-3(a)(57).
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Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2024-03339 Filed 2-16-24; 8:45 am]
BILLING CODE 8011-01-P