Federal Register / Vol. 89, No. 245 / Friday, December 20, 2024 / Notices 104253 

1 (200 hours × 17 firms) = 3,400. 

2 ((2,000 hours/3 years) × 6 firms) = 4,000. 

3 (200 hours × 6 firms) = 1,200. 

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

2 17 CFR 240.19b–4. 

3See Securities Exchange Act Release No. 101457 

(October 29, 2024), 89 FR 87661. 

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

5 15 U.S.C. 78s(b)(2). 

6 17 CFR 200.30–3(a)(31). 

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

2 17 CFR 240.19b–4. 

3See Securities Exchange Act Release No. 101488 

(Oct. 31, 2024), 89 FR 88092. 

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

systems,1 4,000 hours for the six new 

firms to establish and document their 

risk management control systems,2 and 

1,200 hours for the six new firms to 

maintain their risk management control 

systems.3 Accordingly, the staff 

estimates the total annual burden 

associated with Rule 15c3–4 for the 23 

respondents (seventeen existing 

respondents and six new respondents) 

will be approximately 8,600 hours per 

year. 

The records required to be made 

pursuant to the Rule and the results of 

the periodic reviews conducted under 

paragraph (d) of Rule 15c3–4 must be 

preserved under Rule 17a–4 of the 

Exchange Act (17 CFR 240.17a–4) for a 

period of not less than three years, the 

first two years in an easily accessible 

place. The Commission will not 

generally publish or make available to 

any person notices or reports received 

pursuant to the Rule. The statutory basis 

for the Commission’s refusal to disclose 

such information to the public is the 

exemption contained in section (b)(4) of 

the Freedom of Information Act (5 

U.S.C. 552), which essentially provides 

that the requirement of public 

dissemination does not apply to 

commercial or financial information 

which is privileged or confidential. 

An agency may not conduct or 

sponsor, and a person is not required to 

respond to, a collection of information 

under the PRA unless it displays a 

currently valid OMB control number. 

Public Comment Instructions: The 30- 

day public comment period for this 

information collection request closes at 

the end of the day on January 21, 2025. 

The public may view the full 

information request and submit 

comments at https://www.reginfo.gov/ 

public/do/PRAViewICR?ref_

nbr=202409-3235-023 or email 

comments to MBX.OMB.OIRA.SEC_

desk_officer@omb.eop.gov. 

Dated: December 16, 2024. 

Sherry R. Haywood, 

Assistant Secretary. 

[FR Doc. 2024–30367 Filed 12–19–24; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–101929; File No. SR– 

NYSEAMER–2024–61] 

Self-Regulatory Organizations; NYSE 

American LLC; Notice of Designation 

of a Longer Period for Commission 

Action on a Proposed Rule Change To 

Amend Section 1003 of the NYSE 

American LLC Company Guide To 

Provide for the Suspension and 

Delisting of Any Company That: (i) Has 

Effected One or More Reverse Stock 

Splits Over the Prior Two-Year Period 

With a Cumulative Ratio of 200 Shares 

or More to One; or (ii) Has Effectuated 

a Reverse Stock Split and the 

Effectuation of Such Reverse Stock 

Split Results in the Company’s 

Security Falling Below Any of the 

Continued Listing Requirements of 

Section 1003 

December 16, 2024. 

On October 16, 2024, NYSE American 

LLC 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 amend Section 

1003 of the NYSE American LLC 

Company Guide to provide for the 

suspension and delisting of any 

company that: (i) has effected one or 

more reverse stock splits over the prior 

two-year period with a cumulative ratio 

of 200 shares or more to one; or (ii) has 

effectuated a reverse stock split and the 

effectuation of such reverse stock split 

results in the company’s security falling 

below any of the continued listing 

requirements of Section 1003. The 

proposed rule change was published for 

comment in the Federal Register on 

November 4, 2024.3 The Commission 

has received no comment letters on the 

proposed rule change. 

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 will 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 December 19, 

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. 

Accordingly, the Commission, pursuant 

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

designates February 2, 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–NYSEAMER–2024–61). 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.6

Sherry R. Haywood, 

Assistant Secretary. 

[FR Doc. 2024–30353 Filed 12–19–24; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–101919; File No. SR–Phlx– 

2024–54] 

Self-Regulatory Organizations; Nasdaq 

PHLX LLC; Notice of Designation of a 

Longer Period for Commission Action 

on a Proposed Rule Change To Amend 

Options 3, Section 13 Related to XND 

December 16, 2024. 

On October 18, 2024, Nasdaq PHLX 

LLC (‘‘Phlx’’ or the ‘‘Exchange’’) 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 amend Options 3, Section 13, 

Price Improvement XL (‘‘PIXL’’) to 

permit orders for the accounts of 

appointed market makers to be solicited 

for PIXL auctions in Nasdaq–100 Micro 

Index (‘‘XND’’) Options. The proposed 

rule change was published for comment 

in the Federal Register on November 6, 

2024.3 The Commission has received no 

comments on the proposed rule change. 

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 (i) as the Commission may 


ddrumheller on DSK120RN23PROD with NOTICES1
104254 Federal Register / Vol. 89, No. 245 / Friday, December 20, 2024 / Notices 

5 Id. 

6 17 CFR 200.30–3(a)(31). 

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

2 17 CFR 240.19b–4. 

3See Securities Exchange Act Release No. 100539 

(July 15, 2024), 89 FR 58848 (July 19, 2024) (File 

No. 10–240) (the ‘‘Approval Order’’). 

4See MIAX Sapphire News Alert, dated August 

13, 2024, available at https://www.miaxglobal.com/ 

alert/2024/08/13/miami-international-holdingsannounces-successful-launch-miaxsapphire?nav=all. 

5The term ‘‘Member’’ means an individual or 

organization that is registered with the Exchange 

pursuant to Chapter II of the Exchange’s Rules for 

purposes of trading on the Exchange as an 

‘‘Electronic Exchange Member’’ or ‘‘Market Maker.’’ 

Members are deemed ‘‘members’’ under the 

Exchange Act. See Exchange Rule 100. 

6The Exchange filed a separate rule filing to 

establish fees for Purge Ports. See SR–SAPPHIRE– 

2024–15. ‘‘Purge Ports’’ provide Market Makers 

with the ability to send quote purge messages to the 

MIAX Sapphire System. Purge Ports are not capable 

of sending or receiving any other type of messages 

or information. See the Definitions section of the 

Fee Schedule. Fees for all other types of ports are 

proposed in this filing. 

designate if it finds such longer period 

to be appropriate and publishes its 

reasons for so finding or (ii) 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 December 21, 

2024. The Commission is extending this 

45-day time period. 

The Commission finds that it is 

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 issues raised 

therein. Accordingly, pursuant to 

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

Commission designates February 4, 

2025, 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– 

Phlx–2024–54). 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.6

Sherry R. Haywood, 

Assistant Secretary. 

[FR Doc. 2024–30348 Filed 12–19–24; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–101922; File No. SR– 

SAPPHIRE–2024–41] 

Self-Regulatory Organizations; MIAX 

Sapphire, LLC; Notice of Filing and 

Immediate Effectiveness of a Proposed 

Rule Change by MIAX Sapphire, LLC to 

Adopt Connectivity and Certain Port 

Fees for Members and Non-Members 

December 16, 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 December 

6, 2024, MIAX Sapphire, LLC (‘‘MIAX 

Sapphire’’ or ‘‘Exchange’’) filed with the 

Securities and Exchange Commission 

(‘‘Commission’’) a 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 

The Exchange is filing a proposal to 

amend the MIAX Sapphire Options 

Exchange Fee Schedule (the ‘‘Fee 

Schedule’’) to adopt connectivity and 

port fees. 

The text of the proposed rule change 

is available on the Exchange’s website at 

https://www.miaxglobal.com/markets/ 

us-options/all-options-exchanges/rulefilings, at MIAX Sapphire’s principal 

office, 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 

On July 15, 2024, the U.S. Securities 

and Exchange Commission 

(‘‘Commission’’) approved the 

Exchange’s Form 1 application to 

register as a national securities exchange 

under Section 6 of the Exchange Act.3

The Exchange commenced electronic 

operations on August 12, 2024.4 The 

Exchange proposes to establish the 

following sections of the Fee Schedule, 

including proposed fee structures and 

amounts (the majority of which the 

Exchange proposes to waive for a 

specified time, as discussed further 

below): (1) connectivity fees for 

Members 5 and non-Members; and (2) 

certain port fees for Members and nonMembers.6 The Exchange initially filed 

this proposal on August 9, 2024 (SR– 

SAPPHIRE–2024–21). The Exchange 

withdrew SR–SAPPHIRE–2024–21 on 

August 14, 2024 and submitted SR– 

SAPPHIRE–2024–22. On October 10, 

2024, the Exchange withdrew SR– 

SAPPHIRE–2024–22 and submitted SR– 

SAPPHIRE–2024–32. On December 6, 

2024, the Exchange withdrew SR– 

SAPPHIRE–2024–32 and submitted this 

proposal. 

Connectivity Fees 

The Exchange proposes to establish 

Section 5), System Connectivity Fees, 

which will describe network 

connectivity fees. The Exchange 

proposes to offer to both Members and 

non-Members the choice of a 1 Gigabit 

(‘‘Gb’’) fiber connection or the 10Gb 

ultra-low latency (‘‘ULL’’) fiber 

connection to the Exchange’s primary 

and secondary facilities, as well as its 

disaster recovery facility. The 1Gb and 

10Gb ULL fees will be charged to both 

Members and non-Members for 

connectivity to the Exchange’s primary/ 

secondary facility and to its disaster 

recovery facility. 

The Exchange proposes to establish 

monthly fees of $1,400 per 1Gb 

connection and $13,500 per 10Gb ULL 

connection that will be assessed to 

Members and non-Members for 

connecting to the primary/secondary 

facility. The Exchange proposes to 

establish monthly fees of $550 per 1Gb 

connection and $2,750 per 10Gb ULL 

connection that will be assessed to 

Members and non-Members for 

connecting to the disaster recovery 

facility. 

Monthly network connectivity fees for 

Members and non-Members for 

connectivity with the primary/ 

secondary facility will be assessed in 

any month the Member or non-Member 

is credentialed to use any of the MIAX 

Sapphire Application Programming 

Interfaces (‘‘APIs’’) or market data feeds 

in the production environment. Further, 

the Exchange proposes to pro-rate the 

monthly fees when a Member or nonMember makes a change to the 

connectivity (by adding or deleting 

connections) with such pro-rated fees 

based on the number of trading days 


ddrumheller on DSK120RN23PROD with NOTICES1