Federal Register / Vol. 89, No. 182 / Thursday, September 19, 2024 / Notices 76893 

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

2 17 CFR 240.19b–4. 

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

4 17 CFR 240.19b–4(f)(6). 

5Today, the Exchange permits the listing of two 

Wednesday expirations for options on United States 

Oil Fund, LP (‘‘USO’’), United States Natural Gas 

Fund, LP (‘‘UNG’’), GLD, SLV, and TLT. See 

Securities Exchange Act Release No. 99035 

(November 29, 2023), 88 FR 84367 (December 5, 

2023) (SR–CBOE–2023–062) (‘‘Wednesday Notice’’). 

The Exchange began listing Wednesday expirations 

on these five symbols on November 21, 2023. See 

Options Exchange Notice, Reference ID: 

C2023111702. 

6See Securities Exchange Act Release No. 100837 

(August 27, 2024) (SR–ISE–2024–21) (Notice of 

Filing of Amendment No. 1 and Order Granting 

Accelerated Approval of a Proposed Rule Change, 

as Modified by Amendment No. 1, to Adopt Rules 

to Permit the Listing of Two Monday Expirations 

for Options on SPDR Gold Shares, iShares Silver 

Trust, and iShares 20+ Year Treasury Bond ETF) 

(‘‘Nasdaq ISE Approval’’). 

7As set forth in Table 1, the Exchange currently 

only permits Wednesday expirations for USO, UNG, 

GLD, SLV, and TLT. 

DATES: Date of required notice: 

September 19, 2024. 

FOR FURTHER INFORMATION CONTACT: 

Sean C. Robinson, 202–268–8405. 

SUPPLEMENTARY INFORMATION: The 

United States Postal Service® hereby 

gives notice that, pursuant to 39 U.S.C. 

3642 and 3632(b)(3), on September 3, 

2024, it filed with the Postal Regulatory 

Commission a USPS Request to Add 

Priority Mail Express, Priority Mail & 

USPS Ground Advantage® Contract 285 

to Competitive Product List. Documents 

are available at www.prc.gov, Docket 

Nos. MC2024–603, CP2024–611. 

Sean C. Robinson, 

Attorney, Corporate and Postal Business Law. 

[FR Doc. 2024–21298 Filed 9–18–24; 8:45 am] 

BILLING CODE 7710–12–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–101021; File No. SR– 

CBOE–2024–040] 

Self-Regulatory Organizations; Cboe 

Exchange, Inc.; Notice of Filing and 

Immediate Effectiveness of a Proposed 

Rule Change To Amend the Short Term 

Option Series Program in Rule 4.5(d) 

September 13, 2024. 

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

Securities Exchange Act of 1934 (the 

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

notice is hereby given that on 

September 6, 2024, Cboe Exchange, Inc. 

(the ‘‘Exchange’’ or ‘‘Cboe Options’’) 

filed with the Securities and Exchange 

Commission (the ‘‘Commission’’) the 

proposed rule change as described in 

Items I and II below, which Items have 

been prepared by the Exchange. The 

Exchange filed the proposal as a ‘‘noncontroversial’’ proposed rule change 

pursuant to Section 19(b)(3)(A)(iii) of 

the Act 3 and Rule 19b–4(f)(6) 

thereunder.4 The Commission is 

publishing this notice to solicit 

comments on the proposed rule change 

from interested persons. 

I. Self-Regulatory Organization’s 

Statement of the Terms of Substance of 

the Proposed Rule Change 

Cboe Exchange, Inc. (the ‘‘Exchange’’ 

or ‘‘Cboe Options’’) proposes to amend 

the Short Term Option Series Program 

in Rule 4.5(d). The text of the proposed 

rule change is provided in Exhibit 5. 

The text of the proposed rule change 

is also available on the Exchange’s 

website (http://www.cboe.com/About

CBOE/CBOELegalRegulatory

Home.aspx), at the Exchange’s Office of 

the Secretary, and at the Commission’s 

Public Reference Room. 

II. Self-Regulatory Organization’s 

Statement of the Purpose of, and 

Statutory Basis for, the Proposed Rule 

Change 

In its filing with the Commission, the 

Exchange included statements 

concerning the purpose of and basis for 

the proposed rule change and discussed 

any comments it received on the 

proposed rule change. The text of these 

statements may be examined at the 

places specified in Item IV below. The 

Exchange has prepared summaries, set 

forth in sections A, B, and C below, of 

the most significant aspects of such 

statements. 

A. Self-Regulatory Organization’s 

Statement of the Purpose of, and 

Statutory Basis for, the Proposed Rule 

Change 

1. Purpose 

The Exchange proposes to amend the 

Short Term Option Series Program in 

Rule 4.5(d) (Series of Options Contracts 

Open for Trading). Specifically, the 

Exchange proposes to expand the Short 

Term Option Series Program to permit 

the listing of two Monday expirations 

for options on SPDR Gold Shares 

(‘‘GLD’’), iShares Silver Trust (‘‘SLV’’), 

and iShares 20+ Year Treasury Bond 

ETF (‘‘TLT’’) (collectively ‘‘Exchange 

Traded Products’’ or ‘‘ETPs’’).5 This is a 

competitive filing that is based on a 

proposal submitted by Nasdaq ISE, LLC 

(‘‘Nasdaq ISE’’) and recently approved 

by the Commission.6

Currently, as set forth in Rule 4.5(d), 

after an option class has been approved 

for listing and trading on the Exchange 

as a Short Term Option Series, the 

Exchange may open for trading on any 

Thursday or Friday that is a business 

day (‘‘Short Term Option Opening 

Date’’) series of options on that class 

that expire at the close of business on 

each of the next five Fridays that are 

business days and are not Fridays in 

which standard expiration options 

series, Monthly Options Series, or 

Quarterly Options Series expire 

(‘‘Friday Short Term Option Expiration 

Dates’’). The Exchange may have no 

more than a total of five Short Term 

Option Expiration Dates. Further, if the 

Exchange is not open for business on 

the respective Thursday or Friday, the 

Short Term Option Opening Date for 

Short Term Option Weekly Expirations 

will be the first business day 

immediately prior to that respective 

Thursday or Friday. Similarly, if the 

Exchange is not open for business on a 

Friday, the Short Term Option 

Expiration Date for Short Term Option 

Weekly Expirations will be the first 

business day immediately prior to that 

Friday. 

Additionally, the Exchange may open 

for trading series of options on the 

symbols provided in Table 1 of Rule 

4.5(d) that expire at the close of 

business on each of the next two 

Mondays, Tuesdays, Wednesdays, and 

Thursdays, respectively, that are 

business days and are not business days 

in which monthly options series or 

Quarterly Options Series expire (‘‘Short 

Term Option Daily Expirations’’).7 For 

those symbols listed in Table 1, the 

Exchange may have no more than a total 

of two Short Term Option Daily 

Expirations beyond the current week for 

each of Monday, Tuesday, Wednesday, 

and Thursday expirations, as applicable, 

at one time. 

Proposal 

At this time, the Exchange proposes to 

expand the Short Term Option Daily 

Expirations to permit the listing and 

trading of options on GLD, SLV, and 

TLT expiring on Mondays. The 

Exchange proposes to permit two Short 

Term Option Expiration Dates beyond 

the current week for each Monday 

expiration at one time, and would 

update Table 1 in Rule 4.5(d) for each 

of those symbols accordingly. 

The proposed Monday GLD, SLV, and 

TLT expirations will be similar to the 

current Monday SPY, QQQ, and IWM 

Short Term Option Daily Expirations set 

forth in Rule 4.5(d), such that the 

Exchange may open for trading on any 

Friday or Monday that is a business day 

(beyond the current week) series of 

options on GLD, SLV, and TLT to expire 

on any Monday of the month that is a 


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76894 Federal Register / Vol. 89, No. 182 / Thursday, September 19, 2024 / Notices 

8Today, USO, UNG, GLD, SLV, and TLT may 

trade on Wednesdays. See id. They may also trade 

on Fridays, as is the case for all options series in 

the Short Term Option Series Program. 

9See Rule 4.5(d)(5). 

10 Id. 

11See Rule 4.5(d)(1). 

12See Rule 4.5(d)(1). 

13See Rule 4.5(d)(2). 

14See Rule 4.5(d). 

15Today, the Exchange permits the listing of two 

Wednesday expirations for options on USO, UNG, 

GLD, SLV, and TLT. See Wednesday Notice. The 

Exchange began listing Wednesday expirations on 

these five symbols on November 21, 2023. See 

Options Exchange Notice, Reference ID: 

C2023111702. 

16 15 U.S.C. 78f(b). 

17 15 U.S.C. 78f(b)(5). 

business day and is not a Monday in 

which standard expiration options 

series, Monthly Options Series, or 

Quarterly Options Series expire, 

provided that Monday expirations that 

are listed on a Friday must be listed at 

least one business week and one 

business day prior to the expiration 

(‘‘Monday GLD Expirations,’’ ‘‘Monday 

SLV Expirations,’’ and ‘‘Monday TLT 

Expirations’’) (collectively, ‘‘Monday 

ETP Expirations’’).8 In the event Short 

Term Option Daily Expirations expire 

on a Monday and that Monday is the 

same day that a standard expiration 

options series, Monthly Options Series, 

or Quarterly Options Series expires, the 

Exchange would skip that week’s listing 

and instead list the following week; the 

two weeks would therefore not be 

consecutive. Today, Monday expirations 

in SPY, QQQ, and IWM similarly skip 

the weekly listing in the event the 

weekly listing expires on the same day 

in the same class as a standard 

expiration options series, Monthly 

Options Series, or Quarterly Options 

Series. 

The interval between strike prices for 

the proposed Monday ETP Expirations 

will be the same as those currently 

applicable for SPY, QQQ, and IWM 

Monday expirations in the Short Term 

Option Series Program.9 Specifically, 

the Monday ETP Expirations will have 

a strike interval of (i) $0.50 or greater for 

strike prices below $100, and $1 or 

greater for strike prices between $100 

and $150 for all option classes that 

participate in the Short Term Option 

Series Program, (ii) $0.50 for option 

classes that trade in one dollar 

increments and are in the Short Term 

Option Series Program, or (iii) $2.50 or 

greater for strike prices above $150.10 As 

is the case with other equity options 

series listed pursuant to the Short Term 

Option Series Program, the Monday ETP 

Expirations series will be P.M.-settled. 

Pursuant to Rule 4.5(d), with respect 

to the Short Term Option Series 

Program, if a Monday is not a business 

day, the series shall expire on the first 

business day immediately following that 

Monday. 

Currently, for each option class 

eligible for participation in the Short 

Term Option Series Program, the 

Exchange is limited to opening thirty 

(30) series for each expiration date for 

the specific class.11 The thirty (30) 

series restriction does not include series 

that are open by other securities 

exchanges under their respective weekly 

rules; the Exchange may list these 

additional series that are listed by other 

options exchanges.12 With the proposed 

changes, this thirty (30) series 

restriction would apply to Monday GLD, 

SLV, and TLT Short Term Option Daily 

Expirations as well. In addition, the 

Exchange will be able to list series that 

are listed by other exchanges, assuming 

they file similar rules with the 

Commission to list Monday ETP 

Expirations. 

With this proposal, Monday ETP 

Expirations would be treated similarly 

to existing Monday SPY, QQQ, and 

IWM Expirations. With respect to 

standard expiration option series, Short 

Term Option Daily Expirations will be 

permitted to expire in the same week in 

which standard expiration option series 

on the same class expire.13 Not listing 

Short Term Option Daily Expirations for 

one week every month because there 

was a standard options series on that 

same class on the Friday of that week 

would create investor confusion. 

Further, as with Monday SPY, QQQ, 

and IWM Expirations, the Exchange 

would not permit Monday ETP 

Expirations to expire on a business day 

in which standard expiration option 

series, Monthly Options Series, or 

Quarterly Options Series expire.14

Therefore, all Short Term Option Daily 

Expirations would expire at the close of 

business on each of the next two 

Mondays, Tuesdays, Wednesdays, and 

Thursdays, respectively, that are 

business days beyond the current week 

and are not business days in which 

standard expiration option series, 

Monthly Options Series, or Quarterly 

Options Series expire. The Exchange 

believes that it is reasonable to not 

permit two expirations on the same day 

in which a standard expiration option 

series, Monthly Options Series, a 

Quarterly Options Series would expire 

because those options would be 

duplicative of each other. 

The Exchange does not believe that 

any market disruptions will be 

encountered with the introduction of 

Monday ETP Expirations. The Exchange 

currently trades P.M.-settled Short Term 

Option Series that expire Monday for 

SPY, QQQ and IWM and has not 

experienced any market disruptions nor 

issues with capacity. In addition, the 

Exchange has not experienced any 

market disruptions or issues with 

capacity in expanding the five ETPs to 

the Wednesday expirations.15 Today, 

the Exchange has surveillance programs 

in place to support and properly 

monitor trading in Short Term Option 

Series that expire Monday for SPY, 

QQQ and IWM. Further, the Exchange 

has the necessary capacity and 

surveillance programs in place to 

support and properly monitor trading in 

the proposed Monday ETP Expirations. 

Because the Exchange proposes to 

limit the number of Monday Expirations 

for options on GLD, SLV, and TLT to 

two expirations beyond the current 

week, the Exchange believes that the 

addition of these Monday ETP 

Expirations should encourage MarketMakers to continue to deploy capital 

more efficiently and improve displayed 

market quality. Similar to SPY, QQQ 

and IWM Monday Expirations, the 

introduction of Monday ETP 

Expirations will, among other things, 

expand hedging tools available to 

market participants and allow for a 

reduced premium cost of buying 

portfolio protection. The Exchange 

believes that Monday ETP Expirations 

will allow market participants to hedge 

their portfolios with options on 

commodities (gold and silver) as well as 

treasury securities, and tailor their 

investment and hedging needs more 

effectively. 

2. Statutory Basis 

The Exchange believes the proposed 

rule change is consistent with the 

Securities Exchange Act of 1934 (the 

‘‘Act’’) and the rules and regulations 

thereunder applicable to the Exchange 

and, in particular, the requirements of 

Section 6(b) of the Act.16 Specifically, 

the Exchange believes the proposed rule 

change is consistent with the Section 

6(b)(5) 17 requirements that the rules of 

an exchange be designed to prevent 

fraudulent and manipulative acts and 

practices, to promote just and equitable 

principles of trade, to foster cooperation 

and coordination with persons engaged 

in regulating, clearing, settling, 

processing information with respect to, 

and facilitating transactions in 

securities, to remove impediments to 

and perfect the mechanism of a free and 

open market and a national market 

system, and, in general, to protect 

investors and the public interest. 

Additionally, the Exchange believes the 


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Federal Register / Vol. 89, No. 182 / Thursday, September 19, 2024 / Notices 76895 

18 Id. 

19See Rule 4.5(d). 

20See Nasdaq ISE Approval. 

21See Nasdaq ISE Approval. 

22 15 U.S.C. 78s(b)(3)(A)(iii). 

23 17 CFR 240.19b–4(f)(6). 

proposed rule change is consistent with 

the Section 6(b)(5) 18 requirement that 

the rules of an exchange not be designed 

to permit unfair discrimination between 

customers, issuers, brokers, or dealers. 

Similar to Monday expirations in 

SPY, QQQ, and IWM, the proposal to 

permit Monday ETP Expirations, subject 

to the proposed limitation of two 

expirations beyond the current week, 

would protect investors and the public 

interest by providing the investing 

public and other market participants 

more choice and flexibility to closely 

tailor their investment and hedging 

decisions in these options and allow for 

a reduced premium cost of buying 

portfolio protection, thus allowing them 

to better manage their risk exposure. 

The Exchange believes that there is 

general demand for alternative 

expirations in these symbols. 

The Exchange represents that it has an 

adequate surveillance program in place 

to detect manipulative trading in the 

proposed option expirations, in the 

same way that it monitors trading in the 

current Short Term Option Series for 

Monday SPY, QQQ and IWM 

expirations. The Exchange also 

represents that it has the necessary 

system capacity to support the new 

expirations. Finally, the Exchange does 

not believe that any market disruptions 

will be encountered with the 

introduction of these option expirations. 

As discussed above, the Exchange 

believes that its proposal is a modest 

expansion of weekly expiration dates for 

GLD, SLV, and TLT given that it will be 

limited to two Monday expirations 

beyond the current week. 

The Exchange believes that the 

proposal is consistent with the Act as 

the proposal would overall add a small 

number of Monday ETP Expirations by 

limiting the addition of two Monday 

expirations beyond the current week. 

The addition of Monday ETP 

Expirations would remove impediments 

to and perfect the mechanism of a free 

and open market by encouraging Market 

Makers to continue to deploy capital 

more efficiently and improve displayed 

market quality. The Exchange believes 

that the proposal will allow TPHs to 

expand hedging tools and tailor their 

investment and hedging needs more 

effectively in GLD, SLV, and TLT as 

these funds are most likely to be utilized 

by market participants to hedge the 

underlying asset classes. The ETPs 

currently trade within ‘‘complexes’’ 

where, in addition to the underlying 

security, there are multiple instruments 

available for hedging. Given the multiasset class nature of these products and 

available hedges in highly correlated 

instruments, the Exchange believes that 

its proposal to add Monday expirations 

on these products will provide market 

participants with additional useful 

hedging tools for the underlying asset 

classes. 

Similar to Monday SPY, QQQ, and 

IWM expirations, the introduction of 

Monday ETP Expirations is consistent 

with the Act as it will, among other 

things, expand hedging tools available 

to market participants and allow for a 

reduced premium cost of buying 

portfolio protection. The Exchange 

believes that Monday ETP Expirations 

will allow market participants to 

purchase options on GLD, SLV, and TLT 

based on their timing as needed and 

allow them to tailor their investment 

and hedging needs more effectively, 

thus allowing them to better manage 

their risk exposure. Today, the 

Exchange lists Monday SPY, QQQ, and 

IWM Expirations.19

In particular, the Exchange believes 

the Short Term Option Series Program 

has been successful to date and that 

Monday ETP Expirations should simply 

expand the ability of investors to hedge 

risk against market movements 

stemming from economic releases or 

market events that occur throughout the 

month in the same way that the Short 

Term Option Series Program has 

expanded the landscape of hedging. 

There are no material differences in 

the treatment of Monday SPY, QQQ and 

IWM expirations compared to the 

proposed Monday ETP Expirations. 

Given the similarities between Monday 

SPY, QQQ and IWM expirations and the 

proposed Monday ETP Expirations, the 

Exchange believes that applying the 

provisions in Rule 4.5(d) that currently 

apply to Monday SPY, QQQ and IWM 

expirations is justified. For example, the 

Exchange believes that allowing 

Monday ETP Expirations and monthly 

ETP expirations in the same week will 

benefit investors and minimize investor 

confusion by providing Monday ETP 

Expirations in a continuous and 

uniform manner. 

Finally, the Exchange notes the 

proposed rule change is substantively 

the same as a rule change proposed by 

ISE, which the Commission recently 

approved.20

B. Self-Regulatory Organization’s 

Statement on Burden on Competition 

The Exchange does not believe that 

the proposed rule change will impose 

any burden on competition that is not 

necessary or appropriate in furtherance 

of the purposes of the Act. 

While the proposal will expand the 

Short Term Options Expirations to 

allow Monday ETP Expirations to be 

listed on the Exchange, the Exchange 

believes that this limited expansion for 

Monday expirations for options on GLD, 

SLV, and TLT will not impose an undue 

burden on competition; rather, it will 

meet customer demand. The Exchange 

believes that TPHs will continue to be 

able to expand hedging tools and tailor 

their investment and hedging needs 

more effectively in GLD, SLV, and TLT. 

Similar to Monday SPY, QQQ and 

IWM expirations, the introduction of 

Monday ETP Expirations does not 

impose an undue burden on 

competition. The Exchange believes that 

it will, among other things, expand 

hedging tools available to market 

participants and allow for a reduced 

premium cost of buying portfolio 

protection. The Exchange believes that 

Monday ETP Expirations will allow 

market participants to purchase options 

on GLD, SLV, and TLT based on their 

timing as needed and allow them to 

tailor their investment and hedging 

needs more effectively. 

The Exchange does not believe the 

proposal will impose any burden on 

inter-market competition, as nothing 

prevents the other options exchanges 

from proposing similar rules to list and 

trade Monday ETP Expirations. As 

noted above, the Commission recently 

approved a substantively identical 

proposal of another exchange.21 Further, 

the Exchange does not believe the 

proposal will impose any burden on 

intramarket competition, as all market 

participants will be treated in the same 

manner under this proposal. 

C. Self-Regulatory Organization’s 

Statement on Comments on the 

Proposed Rule Change Received From 

Members, Participants, or Others 

The Exchange neither solicited nor 

received comments on the proposed 

rule change. 

III. Date of Effectiveness of the 

Proposed Rule Change and Timing for 

Commission Action 

The Exchange has filed the proposed 

rule change pursuant to Section 

19(b)(3)(A)(iii) of the Act 22 and Rule 

19b–4(f)(6) thereunder.23 Because the 

foregoing proposed rule change does 

not: (i) significantly affect the protection 

of investors or the public interest; (ii) 

impose any significant burden on 


lotter on DSK11XQN23PROD with NOTICES1
76896 Federal Register / Vol. 89, No. 182 / Thursday, September 19, 2024 / Notices 

24 15 U.S.C. 78s(b)(3)(A)(iii). 

25 17 CFR 240.19b–4(f)(6). In addition, Rule 19b– 

4(f)(6)(iii) requires a self-regulatory organization to 

give the Commission written notice of its intent to 

file the proposed rule change, along with a brief 

description and text of the proposed rule change, 

at least five business days prior to the date of filing 

of the proposed rule change, or such shorter time 

as designated by the Commission. The Exchange 

has satisfied this requirement. 

26 17 CFR 240.19b–4(f)(6). 

27 17 CFR 240.19b–4(f)(6)(iii). 

28See supra note 9. 

29For purposes only of waiving the 30-day 

operative delay, the Commission has also 

considered the proposed rule’s impact on 

efficiency, competition, and capital formation. See 

15 U.S.C. 78c(f). 30 17 CFR 200.30–3(a)(12), (59). 

competition; and (iii) become operative 

for 30 days from the date on which it 

was filed, or such shorter time as the 

Commission may designate, it has 

become effective pursuant to Section 

19(b)(3)(A)(iii) of the Act 24 and 

subparagraph (f)(6) of Rule 19b–4 

thereunder.25

A proposed rule change filed under 

Rule 19b–4(f)(6) 26 normally does not 

become operative prior to 30 days after 

the date of the filing. However, pursuant 

to Rule 19b–4(f)(6)(iii),27 the 

Commission may designate a shorter 

time if such action is consistent with the 

protection of investors and the public 

interest. The Exchange has requested 

that the Commission waive the 30-day 

operative delay so that the proposal may 

become operative immediately upon 

filing. According to the Exchange, the 

proposed rule change is a competitive 

response to a filing submitted by Nasdaq 

ISE that was recently approved by the 

Commission.28 The Exchange has stated 

that waiver of the 30-day operative 

delay would allow the Exchange to 

implement the proposal at the same 

time as its competitor exchanges, thus 

creating competition among Short Term 

Option Series throughout the industry. 

The Commission believes that the 

proposed rule change presents no novel 

issues and that waiver of the 30-day 

operative delay is consistent with the 

protection of investors and the public 

interest. Accordingly, the Commission 

hereby waives the operative delay and 

designates the proposed rule change as 

operative upon filing.29

At any time within 60 days of the 

filing of the proposed rule change, the 

Commission summarily may 

temporarily suspend such rule change if 

it appears to the Commission that such 

action is necessary or appropriate in the 

public interest, for the protection of 

investors, or otherwise in furtherance of 

the purposes of the Act. If the 

Commission takes such action, the 

Commission will institute proceedings 

to determine whether the proposed rule 

change should be approved or 

disapproved. 

IV. Solicitation of Comments 

Interested persons are invited to 

submit written data, views, and 

arguments concerning the foregoing, 

including whether the proposed rule 

change is consistent with the 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 rule-comments@

sec.gov. Please include file number SR– 

CBOE–2024–040 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 SR–CBOE–2024–040. 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/sro.shtml). Copies of the 

submission, all subsequent 

amendments, all written statements 

with respect to the proposed rule 

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 

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 

SR–CBOE–2024–040 and should be 

submitted on or before October 10, 

2024. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.30

Vanessa A. Countryman, 

Secretary. 

[FR Doc. 2024–21285 Filed 9–18–24; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[SEC File No. 270–216, OMB Control No. 

3235–0243] 

Proposed Collection; Comment 

Request; Extension: Rule 206(3)–2 

Upon Written Request, Copies Available 

From: Securities and Exchange 

Commission, Office of FOIA Services, 

100 F Street NE, Washington, DC 

20549–2736 

Notice is hereby given that, pursuant 

to the Paperwork Reduction Act of 1995 

(44 U.S.C. 3501 et seq.), the Securities 

and Exchange Commission (the 

‘‘Commission’’) is soliciting comments 

on the collection of information 

summarized below. The Commission 

plans to submit this existing collection 

of information to the Office of 

Management and Budget for extension 

and approval. 

Rule 206(3)–2, (17 CFR 275.206(3)–2) 

which is entitled ‘‘Agency Cross 

Transactions for Advisory Clients,’’ 

permits investment advisers to comply 

with section 206(3) of the Investment 

Advisers Act of 1940 (the ‘‘Act’’) (15 

U.S.C. 80b–6(3)) by obtaining a client’s 

blanket consent to enter into agency 

cross transactions (i.e., a transaction in 

which an adviser acts as a broker to both 

the advisory client and the opposite 

party to the transaction), provided that 

certain disclosures are made to the 

client. Rule 206(3)–2 applies to all 

registered investment advisers. In 

relying on the rule, investment advisers 

must provide certain disclosures to their 

clients. Advisory clients can use the 

disclosures to monitor agency cross 

transactions that affect their advisory 

account. The Commission also uses the 

information required by Rule 206(3)–2 

in connection with its investment 

adviser inspection program to ensure 

that advisers are in compliance with the 

rule. Without the information collected 

under the rule, advisory clients would 

not have information necessary for 

monitoring their adviser’s handling of 

their accounts and the Commission 

would be less efficient and effective in 

its inspection program. 

The information requirements of the 

rule consist of the following: (1) prior to 


lotter on DSK11XQN23PROD with NOTICES1