[Federal Register Volume 90, Number 47 (Wednesday, March 12, 2025)]
[Notices]
[Pages 11865-11866]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2025-03889]
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SECURITIES AND EXCHANGE COMMISSION
[Release 34-102535; File No. 10-244]
Green Impact Exchange, LLC; Notice of Filing of Amendment No. 2
to an Application for Registration as a National Securities Exchange
Under Section 6 of the Securities Exchange Act of 1934
March 6, 2025.
On May 9, 2024, Green Impact Exchange, LLC (``GIX'') filed with the
Securities and Exchange Commission (``Commission'') a Form 1
application under the Securities Exchange Act of 1934 (``Act'') seeking
registration as a national securities exchange under Section 6 of the
Act.\1\ Notice of the application was published for comment in the
Federal Register on July 23, 2024.\2\ The Commission received comments
on the Form 1.\3\ On October 21, 2024, the Commission instituted
proceedings pursuant to Section 19(a)(1)(B) of the Act \4\ to determine
whether to grant or deny GIX's application for registration as a
national securities exchange under Section 6 of the Act.\5\ After
issuance of the OIP, Commission received a letter from GIX responding
to comments.\6\ On January 16, 2025, the Commission extended, pursuant
to Section 19(a)(1)(B) of the Exchange Act,\7\ the time period for
granting or denying GIX's Form 1 application for an additional 90 days,
until April 19, 2025.\8\ On February 4, 2025, GIX filed an amendment to
its Form 1 application (``Amendment No. 1). On February 28, 2025, GIX
filed another amendment to its Form 1 application (``Amendment No.
2''), which replaced and superseded Amendment No. 1.\9\ On March 6,
2025, GIX consented, pursuant to Section 19(a)(1)(B) of the Act,\10\ to
an extension of the time period for granting or denying GIX's Form 1
application for an additional 90 days, until July 18, 2025.\11\ The
Commission is publishing this notice in order to solicit views of
interested persons on GIX's Form 1, as amended by Amendment No. 2.
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\1\ 15 U.S.C. 78f.
\2\ See Securities Exchange Act Release No. 100547 (July 17,
2024), 89 FR 59795 (``Notice'').
\3\ The public comment file for GIX's Form 1 (File No. 10-244)
is available on the Commission's website at: https://www.sec.gov/comments/10-244/10-244.htm.
\4\ 15 U.S.C. 78s(a)(1)(B).
\5\ See Securities Exchange Act Release No. 101397, 89 FR 85264
(October 25, 2024) (``OIP'').
\6\ See letter to Vanessa A. Countryman, Secretary, Commission,
from James G. Buckley, Chief Regulatory Officer, GIX, dated November
25, 2024.
\7\ 15 U.S.C. 78s(a)(1)(B).
\8\ See Securities Exchange Act Release No. 102223, 90 FR 8228
(January 27, 2025).
\9\ GIX's original Form 1 and Amendment No. 2 are available on
the Commission's website at: https://www.sec.gov/rules-regulations/other-commission-orders-notices-information/green-impact-exchange-llc-form-1-application-exhibits.
\10\ 15 U.S.C. 78s(a)(1)(B).
\11\ See letter from James G. Buckley, Chief Regulatory Officer,
GIX, to Vanessa Countryman, Secretary, Commission, dated March 6,
2025. See supra note 3.
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I. Amendment No. 2 to GIX's Form 1
In Exhibit B-1 of Amendment No. 2 to its Form 1, GIX eliminates
proposed Rule Series 14.425 Green Governance Standards. Under its
amended proposed rules, GIX would allow a company listed on another
national securities exchange to dually list its shares on GIX if the
company meets the remaining
[[Page 11866]]
listing standards set forth in Chapter 14 of GIX's Rules (Rules 14.001
et seq.).
Additionally, in Amendment No. 2 GIX revises the original Form 1 as
follows: (1) Exhibit C to update the list of officers and directors of
a GIX affiliate; and (2) Exhibit H-3 to provide that the Dual Listing
Agreement would be governed by the laws of the State of New York
(rather than New Jersey).
II. Request for Written Comment
The Commission requests that interested persons provide written
views and data with respect to GIX's Form 1, as amended by Amendment
No. 2. 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, as amended, 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 10:00 a.m. and
3:00 p.m. All comments received will be posted without change. Persons
submitting comments are cautioned that we do not redact or edit
personal identifying information from submissions. You should submit
only information that you wish to make publicly available. All
submissions should refer to File Number 10-244 and should be submitted
on or before March 27, 2025.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\12\
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\12\ 17 CFR 200.30-3(a)(71)(ii).
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Vanessa A. Countryman,
Secretary.
[FR Doc. 2025-03889 Filed 3-11-25; 8:45 am]
BILLING CODE 8011-01-P