[Federal Register Volume 90, Number 93 (Thursday, May 15, 2025)]
[Notices]
[Page 20718]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2025-08549]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-103017; File No. SR-CBOE-2025-020]


Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of 
Designation of a Longer Period for Commission Action on a Proposed Rule 
Change To Eliminate Position and Exercise Limits for Options on the S&P 
500 Equal Weight Index and the S&P 500 ESG Index

May 9, 2025.
    On March 14, 2025, Cboe Exchange, Inc. (the ``Exchange'' or ``Cboe 
Options'') filed with the Securities and Exchange Commission 
(``Commission''), pursuant to Section 19(b)(1) \1\ of the Securities 
Exchange Act of 1934 (``Act'') \2\ and Rule 19b-4 thereunder,\3\ a 
proposed rule change to eliminate position and exercise limits for 
options that overlie the S&P 500 Equal Weight Index (based on both the 
full value and one-tenth the value of the index) and the S&P 500 ESG 
Index (which the Exchange also proposes to rename as the S&P 500 Scored 
& Screened Index). The proposed rule change was published for comment 
in the Federal Register on March 31, 2025.\4\
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 15 U.S.C. 78a.
    \3\ 17 CFR 240.19b-4.
    \4\ See Securities Exchange Act Release No. 102720 (Mar. 25, 
2025), 90 FR 14297. The Commission has received no comments on the 
proposed rule change.
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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 May 15, 2025. The Commission is extending this 45-day time period.
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    \5\ 15 U.S.C. 78s(b)(2).
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    The Commission finds it 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 issues 
raised therein. Accordingly, the Commission, pursuant to Section 
19(b)(2) of the Act,\6\ designates June 30, 2025, 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-2025-020).
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    \6\ 15 U.S.C. 78s(b)(2).

    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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Stephanie A. Fouse,
Assistant Secretary.
[FR Doc. 2025-08549 Filed 5-14-25; 8:45 am]
BILLING CODE 8011-01-P