[Federal Register Volume 89, Number 141 (Tuesday, July 23, 2024)]
[Notices]
[Pages 59795-59796]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-16107]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-100547; File No. 10-244]


Self-Regulatory Organizations; Green Impact Exchange, LLC; Notice 
of Filing of Application for Registration as a National Securities 
Exchange Under Section 6 of the Securities Exchange Act of 1934

July 17, 2024.
    On May 9, 2024, Green Impact Exchange, LLC (``GIX'' or 
``Applicant'') submitted to the Securities and Exchange Commission 
(``Commission'') a Form 1 application under the

[[Page 59796]]

Securities Exchange Act of 1934 (``Exchange Act''), seeking 
registration as a national securities exchange under Section 6 of the 
Exchange Act.\1\ The Applicant's Form 1 application provides detailed 
information on how GIX proposes to satisfy the requirements of the 
Exchange Act.
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    \1\ 15 U.S.C. 78f.
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    The Commission is publishing this notice to solicit comments on 
GIX's Form 1 application. The Commission will take any comments it 
receives into consideration in making its determination about whether 
to grant GIX's request to be registered as a national securities 
exchange. The Commission will grant the registration if it finds that 
the requirements of the Exchange Act and the rules and regulations 
thereunder with respect to GIX are satisfied.\2\
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    \2\ 15 U.S.C. 78s(a).
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    GIX's Form 1 application states that GIX would be wholly owned by 
its parent company, Green Exchange, PBC (``GEPBC''). The Form 1 
application provides that GIX would operate a fully automated 
electronic trading platform for the trading of listed equities and 
would not maintain a physical trading floor. One feature of GIX's Form 
1 application is that GIX proposes to enter into an agreement with MEMX 
Technologies, LLC to license the technology underlying the GIX trading 
platform.\3\ The Form 1 application provides that liquidity would be 
derived from orders to buy and orders to sell submitted to GIX 
electronically by GIX members from remote locations. GIX proposes to 
have one class of membership open to registered broker-dealers. A novel 
feature of GIX's proposed listing standards is that GIX intends to 
require all companies that list on GIX to comply with its Green 
Governance Standards, which, according to GIX, will be designed to 
provide transparency and accountability for listed companies' green and 
sustainability promises and signal to investors focused on green 
practices that listed companies are credible.\4\
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    \3\ See Exhibits C and E to GIX's Form 1 application.
    \4\ See proposed GIX Rule Series 14.425 (describing the Green 
Governance Standards).
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    A more detailed description of the manner of operation of GIX's 
proposed system can be found in Exhibit E to GIX's Form 1 application. 
The proposed rulebook for the proposed exchange can be found in Exhibit 
B to GIX's Form 1 application, and the governing documents for GIX and 
GEPBC can be found in Exhibit A and Exhibit C to GIX's Form 1 
application. A listing of the officers and directors of GIX can be 
found in Exhibit J to GIX's Form 1 application. A complete set of forms 
concerning membership and access can be found in Exhibit F to GIX's 
Form 1 application. A discussion of GIX's Green Governance Standards 
and their consistency with the Exchange Act can be found in Exhibit H-5 
to GIX's Form 1 application.
    GIX's Form 1 application, including all of the Exhibits referenced 
above, is available online at www.sec.gov/rules/other.shtml. Interested 
persons are invited to submit written data, views, and arguments 
concerning GIX's Form 1 application, including whether the application 
is consistent with the Exchange Act.
    Comments may be submitted by any of the following methods:

Electronic Comments

     Use the Commission's internet comment form (https://www.sec.gov/rules/sro.shtml); or
     Send an email to [email protected]. Please include 
file number 10-244 on the subject line.

Paper Comments

     Send paper comments in triplicate to Secretary, Securities 
and Exchange Commission, 100 F Street NE, Washington, DC 20549-1090.

All submissions should refer to file number 10-244. This file number 
should be included on the subject line if email is used. To help the 
Commission process and review your comments more efficiently, please 
use only one method. The Commission will post all comments on the 
Commission's internet website (https://www.sec.gov/rules/other.shtml). 
Copies of the submission, all subsequent amendments, all written 
statements with respect to GIX's Form 1 application filed with the 
Commission, and all written communications relating to the application 
between the Commission and any person, other than those that may be 
withheld from the public in accordance with the provisions of 5 U.S.C. 
552, will be available for website viewing and printing in the 
Commission's Public Reference Room, 100 F Street NE, Washington, DC 
20549, on official business days between the hours of 10 a.m. and 3 
p.m. Copies of the filing also will be available for inspection and 
copying at the principal office of the Exchange. Do not include 
personal identifiable information in submissions; you should submit 
only information that you wish to make available publicly. We may 
redact in part or withhold entirely from publication submitted material 
that is obscene or subject to copyright protection. All submissions 
should refer to file number 10-244 and should be submitted on or before 
September 6, 2024.
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    \5\ 17 CFR 200.30-3(a)(16) and (a)(71)(i).
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    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\5\

J. Matthew DeLesDernier,
Deputy Secretary.
[FR Doc. 2024-16107 Filed 7-22-24; 8:45 am]
BILLING CODE 8011-01-P