Federal Register / Vol. 89, No. 225 / Thursday, November 21, 2024 / Notices 92235 

50 17 CFR 200.30–3(a)(12). 

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

2 17 CFR 240.19b–4. 

previously required to be reported to 

SLATE], all other Data Elements reported to 

SLATE, except the amount of Reportable 

Securities loaned [and as otherwise provided 

for in paragraph (d) of this Rule]. 

(b) Delayed Dissemination 

For each Initial Covered Securities Loan 

and Loan Modification reported to SLATE, 

20 business days after the date on which the 

Initial Covered Securities Loan was effected 

or the loan [amount] was modified, FINRA 

will make publicly available: 

(1) for an Initial Covered Securities Loan, 

the unique identifier assigned by FINRA to 

the Covered Securities Loan; 

(2) for a Loan Modification, the unique 

identifier assigned by FINRA to the Covered 

Securities Loan if reported to SLATE or 

otherwise identified by FINRA; 

(3)[(2)] the security identifier(s) specified 

in Rule 6530(a)(2)(A) or (B) that FINRA 

determines is appropriate to disseminate; and 

(4)[(3)] the amount of Reportable Securities 

loaned reported to SLATE. 

(c) Daily Loan Statistics 

(1) Aggregate Loan Transaction Activity 

For each Reportable Security for which an 

Initial Covered Securities Loan or Loan 

Modification is reported to SLATE on a given 

business day, no later than the morning of 

the next business day, FINRA will 

disseminate the security identifier specified 

in Rule 6530(a)(2)(A) or (B) that FINRA 

determines is appropriate to disseminate and 

the [aggregate loan activity in the Reportable 

Security, including the: 

(A) ]aggregate volume of securities [(both 

in total and by collateral type)] subject to an 

Initial Covered Securities Loan or 

modification to the amount of Reportable 

Securities loaned, reported on the prior 

business day.[;] 

[(B) aggregate volume of securities (both in 

total and by collateral type) subject to a 

rebate rate or fee modification, reported on 

the prior business day;] 

[(C) aggregate volume of securities subject 

to an Initial Covered Securities Loan or 

modification to the amount of Reportable 

Securities loaned with a specified term, and 

subject to an Initial Covered Securities Loan 

or modification to the amount of Reportable 

Securities loaned without a specified term, 

reported on the prior business day;] 

[(D) aggregate volume of securities subject 

to an Initial Covered Securities Loan or 

modification to the amount of Reportable 

Securities loaned to one or more borrower 

types specified in Rule 6530(a)(2)(N) reported 

on the prior business day; and] 

[(E) the total number of Initial Covered 

Securities Loans and terminated Covered 

Security Loans (both in total and by collateral 

type) reported on the prior business day.] 

(2) Loan Rate Distribution Data 

For each Reportable Security for which an 

Initial Covered Securities Loan or Loan 

Modification is reported to SLATE on a given 

business day, no later than the morning of 

the next business day, FINRA will 

disseminate the security identifier specified 

in Rule 6530(a)(2)(A) or (B) that FINRA 

determines is appropriate to identify the 

relevant Reportable Security and information 

pertaining to the distribution of loan rebate 

rates and lending fees or rates, as applicable, 

including: 

(A) the highest rebate rate, lowest rebate 

rate, and volume weighted average of the 

rebate rates by U.S. currency and non-U.S. 

currency, as applicable, reported for Initial 

Covered Securities Loans collateralized by 

cash and for Loan Modifications 

collateralized by cash (where the Loan 

Modification involved a change to the rebate 

rate); and 

(B) the highest lending fee or rate, lowest 

lending fee or rate, and volume weighted 

average of the lending fees or rates reported 

for Initial Covered Securities Loans not 

collateralized by cash and for Loan 

Modifications not collateralized by cash 

(where the Loan Modification involved a 

change to the lending fee or rate). 

(d) Loan Transaction Information Not 

Disseminated 

FINRA will not disseminate[: 

(1)] any Confidential Data Elements 

reported to SLATE[; and 

(2) any modifier or indicator required by 

either the Rule 6500 Series or the SLATE 

Participant specification that FINRA 

determines shall not be publicly 

disseminated 

••• Supplementary Material: ---------- 

.01 De Minimis Loan Transaction Activity. 

Notwithstanding paragraph (c)(1) of this 

Rule, FINRA will not include [may omit from 

the aggregate loan activity] aggregate volume 

information for a Reportable Security[ies] 

[for] unless [which] there were reports 

submitted to SLATE on the prior business 

day for at least ten distinct Covered 

Securities Loans in the Reportable Security 

(represented by different FINRA-assigned 

unique loan identifiers) [there were three or 

fewer types of Initial Covered Securities Loan 

and Loan Modification events reported to 

SLATE in total on the prior business day]. 

.02 No Change. 

6550. Emergency Authority 

No Change. 

* * * * * 

III. Solicitation of Comments 

Interested persons are invited to 

submit written data, views, and 

arguments concerning the foregoing, 

including whether the proposed rule 

change, as amended by Partial 

Amendment No. 1, 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– 

FINRA–2024–007 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–FINRA–2024–007. 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 

FINRA. 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–FINRA–2024–007 and 

should be submitted on or before 

December 6, 2024. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.50

Stephanie J. Fouse, 

Assistant Secretary. 

[FR Doc. 2024–27223 Filed 11–20–24; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–101634; File No. SR– 

CBOE–2024–050] 

Self-Regulatory Organizations; Cboe 

Exchange, Inc.; Notice of Filing and 

Immediate Effectiveness of a Proposed 

Rule Change To Amend Its Fees 

Schedule 

November 15, 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 November 

1, 2024, Cboe Exchange, Inc. (the 


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92236 Federal Register / Vol. 89, No. 225 / Thursday, November 21, 2024 / Notices 

3The term ‘‘customer’’ means a Public Customer 

or a broker-dealer. The term ‘‘Public Customer’’ 

means a person that is not a broker-dealer. See Rule 

1.1. 4See Rule 5.37 (AIM); Rule 5.38 (Complex AIM); 

and Rule 5.73 (FLEX AIM). 

5See Securities Exchange Act Release No. 91252 

(March 3, 2021), 86 FR 13598 (March 9, 2021) (SR– 

CBOE–2021–021[sic]), wherein the Exchange 

adopted these surcharges. 

6See Securities Exchange Act Release No. 88883 

(May 15, 2020), 85 FR 31012 (May 21, 2020) (SR– 

CBOE–2020–045), wherein the Exchange adopted 

the AIM Contra Surcharge and the AIM Response 

Surcharge. See also Securities Exchange Act 

Release No. 88426 (March 19, 2020), 85 FR 16978 

(March 25, 2020) (SR–CBOE–2020–021), wherein 

the Exchange adopted the AIM Execution Surcharge 

for SPX/SPXW/VIX AIM Agency/Primary Orders 

(later re-named the AIM Agency/Primary Surcharge 

Fee). 

‘‘Exchange’’ or ‘‘Cboe Options’’) filed 

with the Securities and Exchange 

Commission (the ‘‘Commission’’) the 

proposed rule change as described in 

Items I, II, and III, 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 Exchange, Inc. (the ‘‘Exchange’’ 

or ‘‘Cboe Options’’) proposes to amend 

its Fees Schedule. 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/ 

AboutCBOE/CBOELegal

RegulatoryHome.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 its 

Fees Schedule, effective November 1, 

2024. 

The Exchange first proposes to amend 

a fee related to transactions in Mini-SPX 

Index (‘‘XSP’’) options, as set forth in 

the Rate Table for All Products 

Excluding Underlying Symbol List A. 

Specifically, the proposed rule change 

amends fee code MY, appended to all 

Market-Maker (capacity ‘‘M’’) in XSP 

contra to non-customers that remove 

liquidity and that are executed 

electronically and assesses a fee of $0.30 

per contract, to assess a fee of $0.50 per 

contract. 

Next, the Exchange proposes 

clarifying changes to fees related to 

certain orders and auction responses 

executed in S&P 500 Index (‘‘SPX’’), 

SPX Weekly (‘‘SPXW’’), S&P 500 ESG 

Index (‘‘SPESG’’) and Cboe Volatility 

Index (‘‘VIX’’) options in the Automated 

Improvement Mechanism (‘‘AIM’’) 

Auction. 

By way of background, AIM includes 

functionality in which a Trading Permit 

Holder (‘‘TPH’’) (an ‘‘Initiating TPH’’) 

may electronically submit for execution 

an order it represents as agent on behalf 

of a customer,3 broker dealer, or any 

other person or entity (‘‘Agency Order’’) 

against any other order it represents as 

agent, as well as against principal 

interest in AIM (an ‘‘Initiating Order’’), 

provided it submits the Agency Order 

for electronic execution into an AIM 

Auction.4 The Exchange may designate 

any class of options traded on Cboe 

Options as eligible for AIM. The 

Exchange notes that all Users, other 

than the Initiating TPH, may submit 

responses to an Auction (‘‘AIM 

Responses’’). AIM Auctions take into 

account AIM Responses to the 

applicable Auction as well as contra 

interest resting on the Cboe Options 

Book at the conclusion of the Auction 

(‘‘unrelated orders’’), regardless of 

whether such unrelated orders were 

already present on the Book when the 

Agency Order was received by the 

Exchange or were received after the 

Exchange commenced the applicable 

Auction. If contracts remain from one or 

more unrelated orders at the time the 

Auction ends, they are considered for 

participation in the AIM order 

allocation process. 

Certain AIM-related surcharges under 

the Rate Table for Underlying Symbol 

List A apply when the Exchange is 

operating in a hybrid environment (i.e., 

the trading floor is operable). 

Specifically, the SPX AIM Hybrid 

Surcharge of $0.50 per contract applies 

to all Joint Back-Office (capacity ‘‘J’’), 

Market-Maker (capacity ‘‘M’’), BrokerDealer (capacity ‘‘B’’), Non-TPH MarketMaker (capacity ‘‘N’’) and Professional 

(capacity ‘‘U’’) (collectively, ‘‘NonCustomers) orders in SPX/SPXW 

options executed in AIM, while the SPX 

AIM Hybrid Surcharge of $0.39 per 

contract applies to all Clearing TPHs 

(capacity ‘‘F’’) and for Non-Clearing 

TPH Affiliates (capacity ‘‘L’’) 

(collectively, ‘‘Firms’’) orders in SPX/ 

SPXW options executed in AIM. The 

SPX AIM Hybrid Originator Surcharge 

of $0.10 per contract applies to all SPX/ 

SPXW Agency/Primary orders. Footnote 

26 is appended to the aforementioned 

surcharges and provides that the SPX 

AIM Hybrid Surcharges, including the 

Originator Surcharge, apply only to 

SPX/SPXW orders executed in AIM and 

C–AIM during Regular Trading Hours 

(‘‘RTH’’) when the Exchange is 

operating in a hybrid environment (i.e., 

the trading floor is operable). Footnote 

26 further provides the SPX AIM Hybrid 

Surcharge will apply to all SPX/SPXW 

AIM Agency/Primary, Contra and 

Response orders; and the SPX AIM 

Hybrid Originator Surcharge will apply 

to all SPX/SPXW Agency/Primary 

orders and such fee will be invoiced to 

the executing TPH.5

In contrast, the Exchange notes that 

the Rate Table for Underlying Symbol 

List A includes the following fees, 

which apply when the Exchange trading 

floor is inoperable: AIM Response 

Surcharge Fee (for SPX/SPXW and 

SPESG) of $0.05 per contract, AIM 

Contra Surcharge Fee (for SPX/SPXW 

and SPESG) of $0.10 per contract, and 

AIM Agency/Primary Surcharge Fee (for 

SPX/SPXW) of $0.10 per contract and 

(for VIX) of $0.04 per contract.6

Each of the aforementioned fees has 

appended to it Footnote 12, which 

governs pricing changes in the event the 

Exchange trading floor becomes 

inoperable. Particularly, in the event the 

trading floor becomes inoperable, the 

Exchange will continue to operate in a 

screen-based only environment using a 

floorless configuration of the System 

that is operational while the trading 

floor facility is inoperable. The 

Exchange will operate using that 

configuration only until the Exchange’s 

trading floor facility becomes 

operational. Open outcry trading will 

not be available in the event the trading 

floor becomes inoperable. 

The Exchange proposes to amend the 

titles of the AIM Response Surcharge 

Fee, the AIM Contra Surcharge Fee, and 

the AIM Agency/Primary Surcharge Fee 

to include ‘‘(Trading Floor Inoperable)’’, 

to further distinguish between when the 


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Federal Register / Vol. 89, No. 225 / Thursday, November 21, 2024 / Notices 92237 

7As part of the proposed rule change, the 

Exchange proposes to move the AIM-related 

surcharges applicable when the Exchange trading 

floor is inoperable to be listed below the AIMrelated surcharges applicable when the Exchange is 

operating in its normal hybrid environment. 

8 15 U.S.C. 78f(b). 

9 15 U.S.C. 78f(b)(5). 

10 Id. 

11 15 U.S.C. 78f(b)(4). 

various surcharges would be 

applicable.7

The Exchange also proposes to amend 

Footnote 12, to provide clarity as to 

when such changes would apply. As 

noted above, in the event the trading 

floor becomes inoperable, the Exchange 

will continue to operate in a screenbased only environment using a 

floorless configuration of the System 

that is operational while the trading 

floor facility is inoperable. To avoid 

confusion, since the Exchange also 

operates a screen-based only 

environment during its Global Trading 

Hours (‘‘GTH’’) trading session, the 

Exchange propose to amended Footnote 

12 to specify that the Exchange will 

apply the pricing changes in the event 

the Cboe Options trading floor becomes 

inoperable and the Exchange operates in 

a screen-based only environment during 

RTH, for the duration of the time the 

Exchange operates in a screen-based 

only environment during RTH (as well 

as for the Curb session immediately 

following a RTH trading session in 

which the Cboe Options trading floor is 

inoperable and the Exchange operates in 

a screen-based only environment). The 

Exchange also propose to add references 

throughout the footnote to note that 

such pricing changes apply when the 

Exchange operates in a screen-based 

only environment during RTH. 

The Exchange also proposes to amend 

Footnote 26 to specify that the SPX AIM 

Hybrid Surcharges, including the 

Originator Surcharge, apply only to 

SPX/SPXW Orders executed in AIM 

(and C–AIM) during RTH and Curb 

when the Exchange is operating in a 

hybrid environment (i.e., the trading 

floor is operable). 

Finally, the Exchange also proposes to 

rename certain fees under the Clearing 

Trading Permit Holder Fee Cap section 

of the Fees Schedule. Specifically, the 

Exchange proposes to rename ‘‘AIM 

Facilitation Contra Order’’ to ‘‘AIM 

Contra Order’’ and to rename ‘‘AIM 

Solicitation Contra Order’’ to ‘‘SAM 

Contra Order’’, to more accurately 

reflect terminology used by the 

Exchange throughout the Fees Schedule 

and within the Rulebook. 

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.8 Specifically, 

the Exchange believes the proposed rule 

change is consistent with the Section 

6(b)(5) 9 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) 10 requirement that 

the rules of an exchange not be designed 

to permit unfair discrimination between 

customers, issuers, brokers, or dealers. 

The Exchange also believes the 

proposed rule change is consistent with 

Section 6(b)(4) of the Act,11 which 

requires that Exchange rules provide for 

the equitable allocation of reasonable 

dues, fees, and other charges among its 

TPHs and other persons using its 

facilities. 

The Exchange believes that the 

proposed fee change for Market-Maker 

orders in XSP that are contra to noncustomers that remove liquidity and 

that are executed electronically is 

reasonable, equitable and not unfairly 

discriminatory. Specifically, the 

Exchange believes the proposed change 

to the fee for Market-Maker orders in 

XSP contra to non-customers that 

remove liquidity and that are executed 

electronically is reasonable. The 

proposed fee, in general, aligns with 

current fees for other types of orders in 

XSP, namely Clearing Trading Permit 

Holder Proprietary XSP orders contra to 

non-customers that remove liquidity 

and are executed electronically (which 

yield fee code XB). The Exchange 

believes that the changes are reasonable 

and that the fee, even as amended, will 

continue to incentivize TPHs to send 

additional Market-Maker orders to the 

Exchange. 

The Exchange believes that the 

proposed fee change to the fee for 

Market-Maker orders in XSP contra to 

non-customers that remove liquidity 

and that are executed electronically is 

equitable and not unfairly 

discriminatory because the proposed fee 

will apply automatically and uniformly 

to all applicable Market-Maker orders in 

XSP which yield fee code MY. 

Additionally, the Exchange believes 

the clarifying changes to the Fees 

Schedule will remove impediments to 

and perfect the mechanism of a free and 

open market and a national market 

system, and, in general, will protect 

investors and the public interest. 

Specifically, by amending the names of 

fees related to certain orders and 

auction responses executed in SPX/ 

SPXW, SPESG and VIX via AIM to 

better describe when such fees are 

applicable, the proposed change is 

designed to add clarity within the Fees 

Schedule. Similarly, by renaming 

certain fees under the Clearing Trading 

Permit Holder Fee Cap section of the 

Fees Schedule to more accurately reflect 

terminology used by the Exchange 

throughout the Fees Schedule and 

within the Rulebook, the proposed 

change is designed to mitigate any 

potential confusion resulting from 

outdated terminology. Overall, the 

changes are intended to add clarity to 

the Fees Schedule, thereby mitigating 

any potential confusing, to the benefit of 

investors. The Exchange notes that the 

proposed clarifying changes do not 

change the fees (or applicability of such 

fees). 

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 does not believe that the 

proposed rule change related to XSP fee 

code MY will impose any burden on 

intramarket competition that is not 

necessary or appropriate in furtherance 

of the purposes of the Act because the 

proposed fees will apply automatically 

and uniformly to all applicable MarketMaker orders in XSP which yield fee 

code MY. The Exchange does not 

believe the proposed clarifying rule 

changes will impose any burden on 

intramarket competition that is not 

necessary or appropriate in furtherance 

of the purposes of the Act, as the 

changes will not result in any practical 

changes to the fees, but rather are being 

added to eliminate potential confusion. 

The Exchange does not believe that 

the proposed rule changes will impose 

any burden on intermarket competition 

that is not necessary or appropriate in 

furtherance of the purposes of the Act 

because the proposed rule change 

related to a XSP fee code applies to 

Exchange proprietary products, which 

are traded exclusively on the Exchange. 

To the extent that the proposed changes 


lotter on DSK11XQN23PROD with NOTICES1
92238 Federal Register / Vol. 89, No. 225 / Thursday, November 21, 2024 / Notices 

12 15 U.S.C. 78s(b)(3)(A). 

13 17 CFR 240.19b–4(f). 

14 17 CFR 200.30–3(a)(12). 1 15 U.S.C. 78k–1. 

2 17 CFR 242.608. 

3The Sponsors of the OLPP are: BOX Exchange 

LLC; Cboe BZX Exchange, Inc.; Cboe C2 Exchange, 

Inc.; Cboe EDGX Exchange, Inc.; Cboe Exchange, 

Inc.; MEMX LLC; Miami International Securities 

Exchange LLC; MIAX Emerald, LLC; MIAX Pearl, 

LLC; MIAX Sapphire LLC; Nasdaq BX, Inc.; Nasdaq 

GEMX, LLC; Nasdaq ISE, LLC; Nasdaq MRX, LLC; 

Nasdaq PHLX LLC; The Nasdaq Stock Market LLC; 

NYSE American LLC; NYSE Arca, Inc.; and The 

Options Clearing Corporations. 

4OLPP is a national market system plan approved 

by the Commission pursuant to Section 11A of the 

Act and Rule 608 thereunder. See Securities 

Exchange Act Release No. 44521 (July 6, 2001), 66 

FR 36809 (July 13, 2001). The full text of the OLPP 

is available at https://www.theocc.com/getmedia/ 

198bfc93-5d51-443c-9e5b-fd575a0a7d0f/options_

listing_procedures_plan.pdf. 

make Cboe Options a more attractive 

marketplace for market participants at 

other exchanges, such market 

participants are welcome to become 

Cboe Options market participants. The 

clarifying rule changes are not intended 

to have any impact on competition, as 

they make no substantive change to the 

Fees Schedule and will have no impact 

on trading on the Exchange. 

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 12 and paragraph (f) of Rule 

19b–4 13 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– 

CBOE–2024–050 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–2024–050. 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–2024–050 and should be 

submitted on or before December 12, 

2024. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.14

Stephanie J. Fouse, 

Assistant Secretary. 

[FR Doc. 2024–27215 Filed 11–20–24; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–101640; File No. 4–443] 

Joint Industry Plan; Notice of Filing of 

Proposed Amendment To Add 

Paragraph (c) to Section 6 of the Plan 

for the Purpose of Developing and 

Implementing Procedures Designed To 

Facilitate the Listing and Trading of 

Standardized Options Authorizing the 

OLPP Sponsors To Act Jointly To 

Discuss Quote Mitigation Issues and 

Potential Solutions 

November 15, 2024. 

Pursuant to Section 11A of the 

Securities Exchange Act of 1934 

(‘‘Act’’) 1 and Rule 608 thereunder,2

notice is hereby given that on October 

31, 2024, Cboe BZX Exchange, Inc., 

Cboe C2 Exchange, Inc., Cboe EDGX 

Exchange, Inc., and Cboe Exchange, 

Inc., on behalf of the Sponsors 3 of the 

Plan for the Purpose of Developing and 

Implementing Procedures Designed to 

Facilitate the Listing and Trading of 

Standardized Options Submitted 

Pursuant to Section 11A(a)(3)(B) of the 

Securities Exchange Act of 1934 

(‘‘Options Listing Procedures Plan,’’ 

‘‘Plan,’’ or ‘‘OLPP’’),4 filed with the 

Securities and Exchange Commission 

(‘‘Commission’’) a proposed amendment 

to the OLPP. The amendment proposes 

to add a provision to the OLPP 

authorizing the OLPP Sponsors to act 

jointly to discuss both quote mitigation 

issues and potential solutions to address 

any issues identified, including, but not 

limited to, discussing potential new 

options strike listing methodologies and 

rules, in order to determine whether the 

Sponsors might propose one or more 

amendments to the Plan for Commission 

approval or whether the individual 

Sponsors might seek to amend their 

own rules. 

The Commission is publishing this 

notice to solicit comments from 

interested persons on the proposed 

amendment. Set forth below in Section 

I, which is being published substantially 

as filed by the Sponsors, is the 

statement of the purpose and summary 

of the amendment, along with 

information pursuant to Rule 608(a) 

under the Act. 

I. Requirements Pursuant to Rule 608(a) 

1. Text of Amendment 

This [a]mendment proposes to add 

paragraph (c) to Section 6 of the OLPP. 

The text of the proposed amendment is 

in Exhibit I, which is set forth in Section 

II, below. 

2. Purpose of Amendment 

For many years, as the options 

industry has expanded and become 

more complex, industry participants 

have raised so-called ‘‘quote mitigation’’ 


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