80842 Federal Register / Vol. 85, No. 240 / Monday, December 14, 2020 / Notices 

38 17 CFR 200.30–3(a)(12). 

1 15 U.S.C. 78s(b)(1). 

2 17 CFR 240.19b–4. 

3See Securities Exchange Act Release No. 89062 

(June 12, 2020), 85 FR 36907. Comments received 

on the proposed rule change are available on the 

Commission’s website at: https://www.sec.gov/ 

comments/sr-cboe-2020-050/srcboe2020050.htm. 

4 In Amendment No. 1, the Exchange: (1) Limited 

the scope of its original proposal, which would 

have permitted orders for the accounts of market 

makers with an appointment in any class to be 

solicited for the initiating order in an AIM or FLEX 

AIM auction in that class, to only allow market 

makers with an appointment in SPX to be solicited 

for the initiating order in an AIM or FLEX AIM 

auction in SPX; and (2) provided additional data, 

justification, and support for its modified proposal. 

The full text of Amendment No. 1 is available on 

the Commission’s website at: https://www.sec.gov/ 

comments/sr-cboe-2020-050/srcboe2020050- 

7382058-218888.pdf. 

5 In Amendment No. 2, the Exchange: (1) 

Provided additional data, justification, and support 

for its proposal; and (2) made technical corrections 

and clarifications to the description of the proposal. 

The full text of Amendment No. 2 is available on 

the Commission’s website at: https://www.sec.gov/ 

comments/sr-cboe-2020-050/srcboe2020050- 

7464399-221161.pdf. 

6 15 U.S.C. 78s(b)(2). 

7See Securities Exchange Act Release No. 89398, 

85 FR 46197 (July 31, 2020). The Commission 

designated September 16, 2020 as the date by which 

the Commission shall approve or disapprove, or 

institute proceedings to determine whether to 

disapprove, the proposed rule change. 

8 15 U.S.C. 78s(b)(2)(B). 

9See Securities Exchange Act Release No. 89635, 

85 FR 53051 (August 27, 2020). 

10 15 U.S.C. 78s(b)(2). 

11 Id. 

12 17 CFR 200.30–3(a)(57). 

1 15 U.S.C. 78s(b)(1). 

2 17 CFR 240.19b–4. 

change that are filed with the 

Commission, and all written 

communications relating to the 

proposed rule change 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. Copies of the 

filing also will be available for 

inspection and copying at the principal 

office of the Exchange. All comments 

received will be posted without change. 

Persons submitting comments are 

cautioned that we do not redact or edit 

personal identifying information from 

comment submissions. You should 

submit only information that you wish 

to make available publicly. All 

submissions should refer to File 

Number SR–EMERALD–2020–17 and 

should be submitted on or before 

January 4, 2021. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.38

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2020–27392 Filed 12–11–20; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–90593; File No. SR–CBOE– 

2020–050] 

Self-Regulatory Organizations; Cboe 

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 Nos. 1 and 2, To Amend 

Rules 5.37 and 5.73 Related to the 

Solicitation of Market Makers for SPX 

Initiating Orders in the Automated 

Improvement Mechanism and FLEX 

Automated Improvement Mechanism 

December 8, 2020. 

On June 3, 2020, Cboe Exchange, Inc. 

(‘‘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 

permit orders for the accounts of market 

makers with an appointment in S&P 

500® Index Options (‘‘SPX’’) to be 

solicited for the initiating order 

submitted for execution against an 

agency order into an Automated 

Improvement Mechanism (‘‘AIM’’) 

auction or a FLEX AIM auction. The 

proposed rule change was published for 

comment in the Federal Register on 

June 18, 2020.3 On July 2, 2020, the 

Exchange submitted Amendment No. 1 

to the proposed rule change, which 

replaced and superseded the proposed 

rule change in its entirety.4 On July 22, 

2020, the Exchange submitted 

Amendment No. 2 to the proposed rule 

change.5 On July 27, 2020, pursuant to 

Section 19(b)(2) of the Act,6 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.7 On August 21, 

2020, the Commission published notice 

of Amendment Nos. 1 and 2 and 

instituted proceedings under Section 

19(b)(2)(B) of the Act 8 to determine 

whether to approve or disapprove the 

proposed rule change, as modified by 

Amendment Nos. 1 and 2.9

Section 19(b)(2) of the Act 10 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 

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 date of publication 

of notice of filing of the proposed rule 

change was June 18, 2020. December 15, 

2020, is 180 days from that date, and 

February 13, 2021, is 240 days from that 

date. 

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 

this proposed rule change. Accordingly, 

the Commission, pursuant to Section 

19(b)(2) of the Act,11 designates 

February 13, 2021, as the date by which 

the Commission shall either approve or 

disapprove the proposed rule change, as 

modified by Amendment Nos. 1 and 2 

(File No. SR–CBOE–2020–050). 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.12

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2020–27388 Filed 12–11–20; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–90607; File No. SR–BX– 

2020–034] 

Self-Regulatory Organizations; Nasdaq 

BX, Inc.; Notice of Filing and 

Immediate Effectiveness of Proposed 

Rule Change To Amend Rules 4613, 

4702, and 4703 

December 8, 2020. 

Pursuant to Section 19(b)(1) of the 

Securities Exchange Act of 1934 

(‘‘Act’’),1 and Rule 19b–4 thereunder,2

notice is hereby given that on November 

25, 2020, Nasdaq BX, Inc. (‘‘BX’’ or 

‘‘Exchange’’) filed with the Securities 

and Exchange Commission 

(‘‘Commission’’) the proposed rule 

change as described in Items I and II 

below, which Items have been prepared 

by the Exchange. The Commission is 

publishing this notice to solicit 

comments on the proposed rule change 

from interested persons. 


jbell on DSKJLSW7X2PROD with NOTICES