86404 Federal Register / Vol. 89, No. 210 / Wednesday, October 30, 2024 / Notices 

15See Securities Exchange Act Release No. 88195 

(December 14, 2023), 88 FR 88193 (December 20, 

2023) (SR–CboeEDGA–2023–021) and Securities 

Exchange Act Release No. 100334 (June 14, 2024), 

89 FR 52161 (June 21, 2024) (SR–CboeEDGA–2024– 

024). 

16 15 U.S.C. 78s(b)(3)(A). 

17 17 CFR 240.19b–4(f). 

18 17 CFR 200.30–3(a)(12). 

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). 

historical data products offered by the 

Exchange.15

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. The 

Exchange operates in a highly 

competitive environment in which the 

Exchange must continually adjust its 

fees to remain competitive. Because 

competitors are free to modify their own 

fees in response, including the adoption 

of similar discounts to those fees, the 

Exchange believes that the degree to 

which fee changes (including discounts 

and rebates) in this market may impose 

any burden on competition is extremely 

limited. As discussed above, the 

Exchange’s Historical Depth Reports 

offering is subject to direct competition 

from several other options exchanges 

that offer similar data products. 

Moreover, purchase of Historical Depth 

Reports is optional. It is designed to 

help investors understand underlying 

market trends to improve the quality of 

investment decisions, but is not 

necessary to execute a trade. 

The proposed rule changes are 

grounded in the Exchange’s efforts to 

compete more effectively. In this 

competitive environment, potential 

purchasers are free to choose which, if 

any, similar product to purchase to 

satisfy their need for market 

information. As a result, the Exchange 

believes this proposed rule change 

permits fair competition among national 

securities exchanges. Further, the 

Exchange believes that these changes 

will not cause any unnecessary or 

inappropriate burden on intermarket 

competition, as the proposed incentive 

program applies uniformly to any 

purchaser of Historical Depth Reports. 

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 foregoing rule change has become 

effective pursuant to Section 19(b)(3)(A) 

of the Act 16 and paragraph (f) of Rule 

19b–4 17 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. 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– 

CboeEDGA–2024–041 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–CboeEDGA–2024–041. 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–CboeEDGA–2024–041 and should 

be submitted on or before November 20, 

2024. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.18

Sherry R. Haywood, 

Assistant Secretary. 

[FR Doc. 2024–25144 Filed 10–29–24; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–101429; File No. SR– 

CboeBZX–2024–101] 

Self-Regulatory Organizations; Cboe 

BZX Exchange, Inc.; Notice of Filing 

and Immediate Effectiveness of a 

Proposed Rule Change To Amend the 

Short Term Option Series Program in 

Rule 19.6, Interpretation and Policy .05 

October 24, 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 October 

16, 2024, Cboe BZX Exchange, Inc. (the 

‘‘Exchange’’ or ‘‘BZX’’) 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 ‘‘non-controversial’’ 

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 

BZX Exchange, Inc. (the ‘‘Exchange’’ 

or ‘‘BZX Options’’) proposes to amend 

the Short Term Option Series Program 

in Rule 19.6, Interpretation and Policy 


ddrumheller on DSK120RN23PROD with NOTICES1
Federal Register / Vol. 89, No. 210 / Wednesday, October 30, 2024 / Notices 86405 

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. 99036 

(November 29, 2023), 88 FR 84383 (December 5, 

2023) (SR–CboeBZX–2023–096) (‘‘Wednesday 

Notice’’). The Exchange began listing Wednesday 

expirations on these five symbols on November 21, 

2023. See 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. 

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 19.6, Interpretation and Policy .05(e). 10 Id. 

.05. 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://markets.cboe.com/us/ 

equities/regulation/rule_filings/bzx/), 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 19.6, Interpretation and Policy .05 

(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 19.6, 

Interpretation and Policy .05, 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 

19.6, Interpretation and Policy .05(h) 

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 19.6, 

Interpretation and Policy .05(h) 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 19.6, Interpretation and 

Policy .05(h) 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 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 19.6, Interpretation 

and Policy .05(h), 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. 


ddrumheller on DSK120RN23PROD with NOTICES1
86406 Federal Register / Vol. 89, No. 210 / Wednesday, October 30, 2024 / Notices 

11See Rule 19.6, Interpretation and Policy .05(a). 

12See Rule 19.6, Interpretation and Policy .05(a). 

13See Rule 19.6, Interpretation and Policy .05(b). 

14See Rule 19.6, Interpretation and Policy .05(h). 

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 

Exchange Notice, Reference ID: C2023111702. 

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

17 15 U.S.C. 78f(b)(5). 18 Id. 

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 

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 Members 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 


ddrumheller on DSK120RN23PROD with NOTICES1
Federal Register / Vol. 89, No. 210 / Wednesday, October 30, 2024 / Notices 86407 

19See Rule 19.6, Interpretation and Policy .05(h). 

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). 

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 6. 

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). 

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 19.6, Interpretation 

and Policy .05 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 Members 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 

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 substantively identical 

filing submitted by Nasdaq ISE that was 

recently approved by the Commission.28

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 shall institute proceedings 

to determine whether the proposed rule 

should be approved or disapproved. 


ddrumheller on DSK120RN23PROD with NOTICES1
86408 Federal Register / Vol. 89, No. 210 / Wednesday, October 30, 2024 / Notices 

30 17 CFR 200.30–3(a)(12), (59). 

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– 

CboeBZX–2024–101 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–CboeBZX–2024–101. 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–CboeBZX–2024–101 and should be 

submitted on or before November 20, 

2024. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.30

Sherry R. Haywood, 

Assistant Secretary. 

[FR Doc. 2024–25146 Filed 10–29–24; 8:45 am] 

BILLING CODE 8011–01–P 

SMALL BUSINESS ADMINISTRATION 

[Disaster Declaration #20699 and #20700; 

FLORIDA Disaster Number FL–20012] 

Presidential Declaration Amendment of 

a Major Disaster for the State of Florida 

AGENCY: U.S. Small Business 

Administration. 

ACTION: Amendment 4. 

SUMMARY: This is an amendment of the 

Presidential declaration of a major 

disaster for the State of Florida (FEMA– 

4828–DR), dated September 28, 2024. 

Incident: Hurricane Helene. 

DATES: Issued on October 23, 2024. 

Incident Period: September 23, 2024, 

and continuing. 

Physical Loan Application Deadline 

Date: November 27, 2024. 

Economic Injury (EIDL) Loan 

Application Deadline Date: June 30, 

2025. 

ADDRESSES: Visit the MySBA Loan 

Portal at https://lending.sba.gov to 

apply for a disaster assistance loan. 

FOR FURTHER INFORMATION CONTACT: 

Alan Escobar, Office of Disaster 

Recovery & Resilience, U.S. Small 

Business Administration, 409 3rd Street 

SW, Suite 6050, Washington, DC 20416, 

(202) 205–6734. 

SUPPLEMENTARY INFORMATION: The notice 

of the President’s major disaster 

declaration for the State of Florida, 

dated September 28, 2024, is hereby 

amended to include the following areas 

as adversely affected by the disaster: 

Primary Counties (Physical Damage and 

Economic Injury Loans): DeSoto 

Contiguous Counties (Economic Injury 

Loans Only): The contiguous 

counties to DeSoto were previously 

declared. 

All other information in the original 

declaration remains unchanged. 

(Catalog of Federal Domestic Assistance 

Number 59008) 

Rafaela Monchek, 

Deputy Associate Administrator, Office of 

Disaster Recovery & Resilience. 

[FR Doc. 2024–25133 Filed 10–29–24; 8:45 am] 

BILLING CODE 8026–09–P 

SMALL BUSINESS ADMINISTRATION 

[Disaster Declaration #20676 and #20677; 

CONFEDERATED TRIBES AND BANDS OF 

THE YAKAMA NATION Disaster Number 

WA–20012] 

Presidential Declaration Amendment of 

a Major Disaster for Public Assistance 

Only for the Confederated Tribes and 

Bands of the Yakama Nation 

AGENCY: U.S. Small Business 

Administration. 

ACTION: Amendment 1. 

SUMMARY: This is an amendment of the 

Presidential declaration of a major 

disaster for Public Assistance Only for 

the Confederated Tribes and Bands of 

the Yakama Nation (FEMA–4823–DR), 

dated September 24, 2024. Incident: 

Wildfires. 

DATES: Issued on October 21, 2024. 

Incident Period: June 22, 2024, 

through July 08, 2024. 

Physical Loan Application Deadline 

Date: December 16, 2024. 

Economic Injury (EIDL) Loan 

Application Deadline Date: June 24, 

2025. 

ADDRESSES: Visit the MySBA Loan 

Portal at https://lending.sba.gov to 

apply for a disaster assistance loan. 

FOR FURTHER INFORMATION CONTACT: 

Alan Escobar, Office of Disaster 

Recovery & Resilience, U.S. Small 

Business Administration, 409 3rd Street 

SW, Suite 6050, Washington, DC 20416, 

(202) 205–6734. 

SUPPLEMENTARY INFORMATION: The notice 

of the President’s major disaster 

declaration for Private Non-Profit 

organizations in the Confederated Tribes 

and Bands of the Yakama Nation, dated 

September 24, 2024, is hereby amended 

to extend the deadline for filing 

applications for physical damage as a 

result of this disaster to December 16, 

2024. 

All other information in the original 

declaration remains unchanged. 

(Catalog of Federal Domestic Assistance 

Number 59008) 

Rafaela Monchek, 

Deputy Associate Administrator, Office of 

Disaster Recovery & Resilience. 

[FR Doc. 2024–25134 Filed 10–29–24; 8:45 am] 

BILLING CODE 8026–09–P 

SURFACE TRANSPORTATION BOARD 

[Docket No. FD 36770] 

Township of Pilesgrove, N.J.—Petition 

for Declaratory Order 

By decision issued on September 13, 

2024, in response to a petition by 


ddrumheller on DSK120RN23PROD with NOTICES1