Federal Register / Vol. 88, No. 247 / Wednesday, December 27, 2023 / Notices 89485 

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

9See Notice, supra note 4. 

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

11 17 CFR 200.30–3(a)(57). 

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

2 17 CFR 240.19b–4. 

3 15 U.S.C. 78s(b)(3)(A). A proposed rule change 

may take effect upon filing with the Commission if 

it is designated by the exchange as ‘‘establishing or 

changing a due, fee, or other charge imposed by the 

self-regulatory organization on any person, whether 

or not the person is a member of the self-regulatory 

organization.’’ 15 U.S.C. 78s(b)(3)(A)(ii). 

4See Securities Exchange Act Release No. 97767 

(June 20, 2023), 88 FR 41442 (‘‘Notice’’). 

5 15 U.S.C. 78s(b)(3)(C). 

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

7See Securities Exchange Act Release No. 98051, 

88 FR 53937 (August 9, 2023) (‘‘Order Instituting 

Proceedings’’). 

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

9See Notice, supra note 4. 

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

11 17 CFR 200.30–3(a)(57). 

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

2 17 CFR 240.19b–4. 

3 15 U.S.C. 78s(b)(3)(A). 

4 17 CFR 240.19b–4(f)(2). 

5Capitalized terms used herein and not otherwise 

defined shall have the meaning assigned to such 

terms in the Rules, available at www.dtcc.com/∼/ 

media/Files/Downloads/legal/rules/nscc_rules.pdf. 

Section 19(b)(2) of the Act 8 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 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 notice and 

comment in the Federal Register on 

June 26, 2023.9 December 23, 2023 is 

180 days from that date, and February 

21, 2024 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 

the proposed rule change. Accordingly, 

the Commission, pursuant to section 

19(b)(2) of the Act,10 designates 

February 21, 2024 as the date by which 

the Commission shall either approve or 

disapprove the proposed rule change 

(File No. SR–MIAX–2023–23). 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.11

Christina Z. Milnor, 

Assistant Secretary. 

[FR Doc. 2023–28454 Filed 12–26–23; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–99209; File No. SR– 

EMERALD–2023–13] 

Self-Regulatory Organizations; MIAX 

Emerald, LLC; Notice of Designation of 

Longer Period for Commission Action 

on Proceedings To Determine Whether 

To Approve or Disapprove Proposed 

Rule Change To Increase Fees for the 

ToM Market Data Product and 

Establish Fees for the cToM Market 

Data Product 

December 20, 2023. 

On June 7, 2023, MIAX Emerald, LLC 

(‘‘MIAX Emerald’’ 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 (File Number SR–EMERALD– 

2023–13) to increase fees for the MIAX 

Emerald Top of Market (‘‘ToM’’) market 

data product and establish fees for the 

MIAX Emerald Complex Top of Market 

(‘‘cToM’’) market data product. The 

proposed rule change was immediately 

effective upon filing with the 

Commission pursuant to Section 

19(b)(3)(A) of the Act.3 The proposed 

rule change was published for comment 

in the Federal Register on June 26, 

2023.4 On August 3, 2023, the 

Commission issued an order 

temporarily suspending the proposed 

rule change pursuant to Section 

19(b)(3)(C) of the Act 5 and 

simultaneously instituting proceedings 

under Section 19(b)(2)(B) of the Act 6 to 

determine whether to approve or 

disapprove the proposed rule change.7

Section 19(b)(2) of the Act 8 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 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 notice and 

comment in the Federal Register on 

June 26, 2023.9 December 23, 2023 is 

180 days from that date, and February 

21, 2024 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 

the proposed rule change. Accordingly, 

the Commission, pursuant to Section 

19(b)(2) of the Act,10 designates 

February 21, 2024 as the date by which 

the Commission shall either approve or 

disapprove the proposed rule change 

(File No. SR–EMERALD–2023–13). 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.11

Christina Z. Milnor, 

Assistant Secretary. 

[FR Doc. 2023–28452 Filed 12–26–23; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–99208; File No. SR–NSCC– 

2023–013] 

Self-Regulatory Organizations; 

National Securities Clearing 

Corporation; Notice of Filing and 

Immediate Effectiveness of Proposed 

Rule Change To Modify Addendum A 

(Fee Structure) 

December 20, 2023. 

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 December 

15, 2023, National Securities Clearing 

Corporation (‘‘NSCC’’) filed with the 

Securities and Exchange Commission 

(‘‘Commission’’) the proposed rule 

change as described in Items I, II and III 

below, which Items have been prepared 

by the clearing agency. NSCC filed the 

proposed rule change pursuant to 

Section 19(b)(3)(A) of the Act 3 and Rule 

19b–4(f)(2) thereunder.4 The 

Commission is publishing this notice to 

solicit comments on the proposed rule 

change from interested persons. 

I. Clearing Agency’s Statement of the 

Terms of Substance of the Proposed 

Rule Change 

NSCC is filing the proposed rule 

change to modify Addendum A (Fee 

Structure) (‘‘Addendum A’’) of NSCC’s 

Rules & Procedures (‘‘Rules’’) to 

increase its Clearing Fund Maintenance 

Fee, as described below.5

II. Clearing Agency’s Statement of the 

Purpose of, and Statutory Basis for, the 

Proposed Rule Change 

In its filing with the Commission, the 

clearing agency included statements 

concerning the purpose of and basis for 

the proposed rule change and discussed 

any comments it received on the 


ddrumheller on DSK120RN23PROD with NOTICES1