[Federal Register Volume 89, Number 135 (Monday, July 15, 2024)]
[Notices]
[Pages 57441-57442]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-15398]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-100467; File No. SR-CboeBYX-2023-020]


Self-Regulatory Organizations; Cboe BYX 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 Modify Rule 11.24 To Introduce an 
Enhanced RPI Order and Expand Its Retail Price Improvement Program To 
Include Securities Priced Below $1.00

July 9, 2024.
    On December 27, 2023, Cboe BYX Exchange, Inc. (``BYX'' 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 modify Rule 11.24 to introduce an Enhanced RPI 
Order and expand its Retail Price Improvement program to include 
securities priced below $1.00. The proposed rule change was published 
for comment in the Federal Register on January 17, 2024.\3\ On February 
27, 2024, 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 6, 2024, the Exchange submitted Amendment No. 1 to the proposed 
rule change, which replaced and superseded the proposed rule change as 
originally filed.\6\ On April 16, 2024, the Commission published notice 
of Amendment No. 1 and instituted proceedings under

[[Page 57442]]

Section 19(b)(2)(B) of the Act \7\ to determine whether to approve or 
disapprove the proposed rule change, as modified by Amendment No. 1.\8\
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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. 99311 (Jan. 10, 
2024), 89 FR 2993 (``Notice''). To date, the Commission has received 
no comments on the proposed rule change. Comments received on the 
proposed rule change are available at: https://www.sec.gov/comments/sr-cboebyx-2023-020/srcboebyx2023020.htm.
    \4\ 15 U.S.C. 78s(b)(2).
    \5\ See Securities Exchange Act Release No. 99610, 89 FR 15621 
(Mar. 4, 2024). The Commission designated April 16, 2024 as the date 
by which the Commission shall approve or disapprove, or institute 
proceedings to determine whether to disapprove, the proposed rule 
change.
    \6\ In Amendment No. 1, the Exchange amended the proposed rule 
change to provide additional examples, justification and support for 
its proposal and made certain changes to the proposed rule text. The 
full text of Amendment No. 1 is available on the Commission's 
website at: https://www.sec.gov/comments/sr-cboebyx-2023-020/srcboebyx2023020-442119-1127142.pdf.
    \7\ 15 U.S.C. 78s(b)(2)(B).
    \8\ See Securities Exchange Act Release No. 99965 (Apr. 16, 
2024), 89 FR 29389 (Apr. 22, 2024).
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    Section 19(b)(2) of the Act \9\ 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 the Notice of filing of the proposed rule 
change. The Commission may extend the period for issuing an order 
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 comment in the Federal Register 
on January 17, 2024.\10\ The 180th day after publication of the Notice 
is July 15, 2024. The Commission is extending the time period for 
approving or disapproving the proposed rule change for an additional 60 
days.
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    \9\ 15 U.S.C. 78s(b)(2).
    \10\ See supra note 3.
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    The Commission finds that it is 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 Act,\11\ designates 
September 13, 2024, as the date by which the Commission shall either 
approve or disapprove the proposed rule change, as modified by 
Amendment No. 1 (File No. SR-CboeBYX-2023-020).
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    \11\ 15 U.S.C. 78s(b)(2).
    \12\ 17 CFR 200.30-3(a)(57).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\12\
J. Matthew DeLesDernier,
Deputy Secretary.
[FR Doc. 2024-15398 Filed 7-12-24; 8:45 am]
BILLING CODE 8011-01-P