81956 Federal Register / Vol. 89, No. 196 / Wednesday, October 9, 2024 / Notices 

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

2 17 CFR 240.19b–4. 

3See Securities Exchange Act Release No. 100767 

(Aug. 19, 2024), 89 FR 68228. Comments on the 

proposed rule change are available at: https://

www.sec.gov/comments/sr-nasdaq-2024-045/

srnasdaq2024045.htm. 

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

5 Id. 

6 17 CFR 200.30–3(a)(31). 

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

2 17 CFR 240.19b–4. 

3 See Securities Exchange Act Release No. 100317 

(June 11, 2024), 89 FR 51380 (June 17, 2024) (SR– 

CboeBYX–2024–017). 

Representative: Jennaca D. Upperman; 

Comments Due: October 11, 2024. 

This Notice will be published in the 

Federal Register. 

Erica A. Barker, 

Secretary. 

[FR Doc. 2024–23398 Filed 10–8–24; 8:45 am] 

BILLING CODE 7710–FW–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–101238; File No. SR– 

NASDAQ–2024–045] 

Self-Regulatory Organizations; The 

Nasdaq Stock Market LLC; Notice of 

Designation of a Longer Period for 

Commission Action on a Proposed 

Rule Change To Modify the Application 

of the Minimum Bid Price Compliance 

Periods and the Delisting Appeals 

Process for Bid Price Non-Compliance 

in Listing Rules 5810 and 5815 Under 

Certain Circumstances 

October 3, 2024. 

On August 6, 2024, The Nasdaq Stock 

Market LLC (‘‘Nasdaq’’) 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 

modify the application of the minimum 

bid price compliance periods and the 

delisting appeals process for bid price 

non-compliance in Nasdaq Listing Rules 

5810 and 5815 under certain 

circumstances. The proposed rule 

change was published for comment in 

the Federal Register on August 23, 

2024.3

Section 19(b)(2) of the Act 4 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 October 7, 

2024. The Commission is extending this 

45-day time period. 

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 comments received. 

Accordingly, the Commission, pursuant 

to Section 19(b)(2) of the Act,5

designates November 21, 2024, 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–NASDAQ– 

2024–045). 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.6

Vanessa A. Countryman, 

Secretary. 

[FR Doc. 2024–23287 Filed 10–8–24; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–101244; File No. SR– 

CboeBYX–2024–035] 

Self-Regulatory Organizations; Cboe 

BYX Exchange, Inc.; Notice of Filing 

and Immediate Effectiveness of a 

Proposed Rule Change To Extend the 

Implementation Date of Functionality 

That Will Provide Members and 

Clearing Members With the Option To 

Utilize Additional Credit Risk Settings 

Under Interpretation and Policy .03 of 

Rule 11.13 (‘‘Aggregate Credit Risk 

Checks’’) 

October 3, 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 26, 2024, Cboe BYX 

Exchange, Inc. (the ‘‘Exchange’’ or 

‘‘BYX’’) filed with the Securities and 

Exchange Commission (‘‘SEC’’ or 

‘‘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. 

I. Self-Regulatory Organization’s 

Statement of the Terms of Substance of 

the Proposed Rule Change 

Cboe BYX Exchange, Inc. (the 

‘‘Exchange’’ or ‘‘BYX’’) proposes to 

extend the implementation date of 

functionality that will provide Members 

and Clearing Members with the option 

to utilize additional credit risk settings 

under Interpretation and Policy .03 or 

Rule 11.13 (‘‘Aggregate Credit Risk 

Checks’’). 

The text of the proposed rule change 

is also available on the Exchange’s 

website (http://markets.cboe.com/us/ 

equities/regulation/rule_filings/byx/), 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 is filing this proposal to 

extend the implementation date of 

functionality providing Members and 

Clearing Members with the option to 

utilize additional Aggregate Credit Risk 

Checks. The functionality relating to 

these additional risk settings was 

submitted by the Exchange on an 

immediately effective basis on May 29, 

2024.3

The Aggregate Credit Risk Checks 

offered under Interpretation and Policy 

.03 or Rule 11.13, provide Members and 

Clearing Members with additional, 

optional credit risk settings, at the 

Market Participant Identifier (‘‘MPID’’) 

level and/or to a subset of orders 

identified within the MPID level (the 

‘‘risk group identifier’’ level) that 

authorizes the Exchange to take 

automated action if a designated limit 

for a Member is breached. These risk 


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