Federal Register / Vol. 89, No. 187 / Thursday, September 26, 2024 / Notices 78949 

10See note 5, supra. 

11 15 U.S.C. 78s(b)(3)(A). 

12 17 CFR 200.30–3(a)(12). 

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

already familiar with the products and 

whether they would suit their needs. 

The Exchange believes that the 

proposed rule change to provide for a 

one-month free trial period to test is not 

unfairly discriminatory because the 

financial benefit of the fee waiver would 

be available to all firms subscribing to 

the Exchange’s real-time market data 

products for the first time on a free-trial 

basis. The Exchange believes there is a 

meaningful distinction between 

customers that are subscribing to a 

market data product for the first time, 

who may benefit from a period within 

which to set up and test use of the 

product before it becomes fee liable, and 

users that are already receiving the 

Exchange’s market data products. The 

Exchange believes that the limited 

period of the free trial would not be 

unfairly discriminatory to other users of 

the Exchange’s market data products 

because it is designed to provide a 

reasonable period of time to set up and 

test a new market data product. The 

Exchange further believes that providing 

a free trial for one calendar month 

would ease administrative burdens for 

data recipients to subscribe to a new 

data product and eliminate fees for a 

period before such users are able to 

derive any benefit from the data. 

B. Self-Regulatory Organization’s 

Statement on Burden on Competition 

The Exchange does not believe that 

the proposed rule change would result 

in any burden on competition that is not 

necessary or appropriate in furtherance 

of the purposes of the Act. The 

Exchange operates in a highly 

competitive environment, and its ability 

to price these data products is 

constrained by competition among 

exchanges that offer similar data 

products to their customers. The 

Exchange believes that the proposed 

free trial program does not put any 

market participants at a relative 

disadvantage compared to other market 

participants. As discussed, the proposed 

trial would apply to first time 

subscribers on an equal and nondiscriminatory basis. Further, the 

Exchange believes that the proposed 

program does not impose a burden on 

competition on other SROs that is not 

necessary or appropriate in furtherance 

of the purposes of the Act. The 

Exchange does not believe that the 

proposal would cause any unnecessary 

or inappropriate burden on intermarket 

competition as other exchanges are free 

to lower their prices or provide a free 

trial to better compete with the 

Exchange’s offering. Indeed, other 

national securities exchanges already 

offer similar free trial programs today.10

The proposed rule change is also 

designed to enhance competition by 

providing an incentive to Redistributors 

to enlist new subscribers to subscribe to 

Exchange’s real-time market data 

products. 

C. Self-Regulatory Organization’s 

Statement on Comments on the 

Proposed Rule Change Received From 

Members, Participants, or Others 

No written comments were solicited 

or received with respect to the proposed 

rule change. 

III. Date of Effectiveness of the 

Proposed Rule Change and Timing for 

Commission Action 

The foregoing rule change has become 

effective upon filing pursuant to Section 

19(b)(3)(A) 11 of the Act and paragraph 

(f) [sic] thereunder. 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. 

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– 

NYSEARCA–2024–80 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–NYSEARCA–2024–80. 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–NYSEARCA–2024–80 and should be 

submitted on or before October 17, 

2024. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.12

Vanessa A. Countryman, 

Secretary. 

[FR Doc. 2024–22020 Filed 9–25–24; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–101126; File No. SR–NYSE– 

2024–18] 

Self-Regulatory Organizations; New 

York Stock Exchange LLC; Notice of 

Withdrawal of a Proposed Rule Change 

To Amend Section 102.06 of the NYSE 

Listed Company Manual To Provide 

That a Special Purpose Acquisition 

Company Can Remain Listed Until 

Forty-Two Months From Its Original 

Listing Date if it Has Entered Into a 

Definitive Agreement With Respect to 

a Business Combination Within Three 

Years of Listing 

September 20, 2024. 

On March 27, 2024, the New York 

Stock Exchange LLC (‘‘Exchange’’ or 

‘‘NYSE’’) filed with the Securities and 

Exchange Commission (‘‘Commission’’), 

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

Securities Exchange Act of 1934 

(‘‘Exchange Act’’) 1 and Rule 19b–4 


khammond on DSKJM1Z7X2PROD with NOTICES
78950 Federal Register / Vol. 89, No. 187 / Thursday, September 26, 2024 / Notices 

2 17 CFR 240.19b–4. 

3See Securities Exchange Act Release No. 99906 

(Apr. 4, 2024), 89 FR 25291 (‘‘Notice’’). 

4 15 U.S.C. 78s(b)(2). 

5See Securities Exchange Act Release No. 100220 

(May 22, 2024), 89 FR 46527 (May 29, 2024). 

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

7See Securities Exchange Act Release No. 100480 

(July 9, 2024), 89 FR 57436 (July 15, 2024) (‘‘OIP’’). 

Comments received in response to the OIP can be 

found on the Commission’s website at: https://

www.sec.gov/comments/sr-nyse-2024-18/ 

srnyse202418.htm. 

8 17 CFR 200.30–3(a)(12). 

1 15 U.S.C. 78k–1. 

2 17 CFR 242.608. 

3See Joint Industry Plan; Notice of Filing of a 

National Market System Plan Regarding 

Consolidated Equity Market Data, Securities 

Exchange Act Release No. 99403 (Jan. 19, 2024), 89 

FR 5002 (Jan. 25, 2024) (‘‘Notice’’). 

4 17 CFR 242.608(b)(2)(i). 

5See Joint Industry Plan; Order Instituting 

Proceedings to Determine Whether to Approve or 

Disapprove a National Market System Plan 

Regarding Consolidated Equity Market Data, 

Securities Exchange Act Release No. 100017 (Apr. 

23, 2024), 89 FR 33412 (Apr. 29, 2024) (‘‘OIP’’). 

Comments received in response to the OIP can be 

found on the Commission’s website at: https://

www.sec.gov/comments/4-757/4-757.htm. 

6 17 CFR 242.608(b)(2)(i). 

7See Joint Industry Plan; Notice of Designation of 

a Longer Period for Commission Action on a 

Proposed National Market System Plan Regarding 

Consolidated Equity Market Data, Securities 

Exchange Act Release No. 100500 (Jul. 11, 2024), 89 

FR 58235 (Jul. 17, 2024). 

8 17 CFR 242.608(b)(2)(ii). 

9Comments received in response to the Notice 

can be found on the Commission’s website at: 

https://www.sec.gov/comments/4-757/4-757.htm. 

10 17 CFR 242.608(b)(2)(ii). 

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

2 17 CFR 240.19b–4. 

thereunder,2 a proposed rule change to 

amend Section 102.06 of the NYSE 

Listed Company Manual to provide that 

a special purpose acquisition company 

can remain listed until forty-two months 

from its original listing date if it has 

entered into a definitive agreement with 

respect to a business combination 

within three years of listing. The 

proposed rule change was published for 

comment in the Federal Register on 

April 10, 2024.3

On May 22, 2024, pursuant to Section 

19(b)(2) of the Exchange Act,4 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.5 On July 9, 2024, 

the Commission instituted proceedings 

under Section 19(b)(2)(B) of the 

Exchange Act 6 to determine whether to 

approve or disapprove the proposed 

rule change.7

On September 10, 2024, the Exchange 

withdrew the proposed rule change 

(SR–NYSE–2024–18). 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.8

Vanessa A. Countryman, 

Secretary. 

[FR Doc. 2024–22022 Filed 9–25–24; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–101125; File No. 4–757] 

Joint Industry Plan; Notice of 

Designation of a Longer Period for 

Commission Action on a Proposed 

National Market System Plan 

Regarding Consolidated Equity Market 

Data 

September 20, 2024. 

On October 23, 2023, Cboe BYX 

Exchange, Inc., Cboe BZX Exchange, 

Inc., Cboe EDGA Exchange, Inc., Cboe 

EDGX Exchange, Inc., Cboe Exchange, 

Inc., Investors Exchange LLC, Long 

Term Stock Exchange, Inc., MEMX LLC, 

MIAX PEARL, LLC, Nasdaq BX, Inc., 

Nasdaq ISE, LLC, Nasdaq PHLX LLC, 

Nasdaq Stock Market LLC, New York 

Stock Exchange LLC, NYSE American 

LLC, NYSE Arca, Inc., NYSE Chicago, 

Inc., NYSE National, Inc., and the 

Financial Industry Regulatory 

Authority, Inc. filed with the Securities 

and Exchange Commission 

(‘‘Commission’’), pursuant to section 

11A of the Securities Exchange Act of 

1934 1 and Rule 608 of Regulation 

National Market System (‘‘Regulation 

NMS’’) thereunder,2 a proposed new 

single national market system plan 

governing the public dissemination of 

real-time consolidated equity market 

data for national market system stocks 

(the ‘‘CT Plan’’). The proposed CT Plan 

was published for comment in the 

Federal Register on January 25, 2024.3

On April 23, 2024, the Commission 

instituted proceedings pursuant to Rule 

608(b)(2)(i) of Regulation NMS,4 to 

determine whether to approve or 

disapprove the proposed CT Plan or to 

approve the proposed CT Plan with any 

changes or subject to any conditions the 

Commission deems necessary or 

appropriate.5 On July 11, 2024, pursuant 

to Rule 608(b)(2)(i) of Regulation NMS,6

the Commission extended the period 

within which to conclude proceedings 

regarding the proposed CT Plan to 240 

days from the date of publication of the 

Notice.7

Rule 608(b)(2)(ii) of Regulation NMS 

provides that the time for conclusion of 

proceedings to determine whether a 

national market system plan or 

proposed amendment should be 

disapproved may be extended for an 

additional period up to 60 days (up to 

300 days from the date of notice 

publication) if the Commission 

determines that a longer period is 

appropriate and publishes the reasons 

for such determination or the plan 

participants consent to the longer 

period.8 The 240th day after publication 

of the Notice for the proposed CT Plan 

is September 21, 2024. The Commission 

is extending this 240-day period. 

The Commission finds that it is 

appropriate to designate a longer period 

within which to conclude proceedings 

regarding the proposed CT Plan so that 

it has sufficient time to consider 

important issues raised by the proposed 

CT Plan and the comments received.9

Accordingly, pursuant to Rule 

608(b)(2)(ii) of Regulation NMS,10 the 

Commission designates November 20, 

2024, as the date by which the 

Commission shall conclude the 

proceedings to determine whether to 

approve or disapprove the proposed CT 

Plan or to approve the proposed CT Plan 

with any changes or subject to any 

conditions the Commission deems 

necessary or appropriate (File No. 4– 

757). 

By the Commission. 

Sherry R. Haywood, 

Assistant Secretary. 

[FR Doc. 2024–22001 Filed 9–25–24; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–101120; File No. SR– 

CBOE–2024–043] 

Self-Regulatory Organizations; Cboe 

Exchange, Inc.; Notice of Filing and 

Immediate Effectiveness of a Proposed 

Rule Change To Amend the 

Exchange’s Rules To Permit the 

Listing and Trading of Options Based 

on 1/100 of the Value of the Nasdaq100 Index® (‘‘Nasdaq-100’’) 

September 20, 2024. 

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 

September 18, 2024, Cboe Exchange, 

Inc. (the ‘‘Exchange’’ or ‘‘Cboe 

Options’’) 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 Exchange filed the proposal as a 

‘‘non-controversial’’ proposed rule 

change pursuant to Section 


khammond on DSKJM1Z7X2PROD with NOTICES