104276 Federal Register / Vol. 89, No. 245 / Friday, December 20, 2024 / Notices 

65 17 CFR 200.30–3(a)(12). 

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

2 17 CFR 240.19b–4. 

3See Securities Exchange Act Release No. 100337 

(June 14, 2024), 89 FR 52148 (‘‘Notice’’). 

4See Securities Exchange Act Release No. 

100649, 89 FR 65420 (August 9, 2024). The 

Commission has received no comment letters on the 

proposed rule change. 

5Amendment No. 1 modifies the proposed rule 

change by: (1) amending rule text relating to 

Exchange Match Trade Prevention functionality 

when entering Periodic Auction Orders onto the 

Exchange for execution; and (2) adding new rule 

text describing how the Exchange will handle 

Periodic Auction Orders entered as a Minimum 

Quantity Order with a Match Trade Prevention 

modifier. 

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

7See Securities Exchange Act Release No. 

101105, 89 FR 78418 (September 25, 2024). 

8 15 U.S.C. 78s(b)(2). 

9See Notice, supra note 3. 

10 15 U.S.C. 78s(b)(2). 

11 17 CFR 200.30–3(a)(57). 

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. 

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– 

SAPPHIRE–2024–41 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–SAPPHIRE–2024–41. 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–SAPPHIRE–2024–41 and should be 

submitted on or before January 10, 2025. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.65

Sherry R. Haywood, 

Assistant Secretary. 

[FR Doc. 2024–30350 Filed 12–19–24; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–101927; File No. SR– 

CboeBYX–2024–009] 

Self-Regulatory Organizations; Cboe 

BYX Exchange, Inc.; Notice of 

Designation of a Longer Period for 

Commission Action on Proceedings To 

Determine Whether To Approve or 

Disapprove a Proposed Rule Change, 

as Modified by Amendment No. 1, To 

Amend Exchange Rule 11.25(e) To 

Allow Users To Utilize the Exchange’s 

Match Trade Prevention Functionality 

When Entering Periodic Auction 

Orders Onto the Exchange for 

Execution 

December 16, 2024. 

On June 6, 2024, Cboe BYX Exchange, 

Inc. (‘‘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 Exchange Rule 11.25(e) to allow 

Users to utilize the Exchange’s Match 

Trade Prevention functionality when 

entering Periodic Auction Orders onto 

the Exchange for execution. The 

proposed rule change was published for 

comment in the Federal Register on 

June 21, 2024.3 On August 5, 2024, the 

Commission extended the time period 

within which to approve, disapprove 

the proposed rule change, or institute 

proceedings to determine whether to 

approve or disapprove the proposed 

rule change to September 19, 2024.4 On 

September 18, 2024, the Exchange filed 

Amendment No. 1 to the proposed rule 

change.5 On September 19, 2024, the 

Commission issued notice of the 

proposed rule change, as modified by 

Amendment No. 1, and simultaneously 

instituted proceedings under Section 

19(b)(2)(B) of the Act 6 to determine 

whether to approve or disapprove the 

proposed rule change, as modified by 

Amendment No. 1 (‘‘Order Instituting 

Proceedings’’).7

Section 19(b)(2) of the Act 8 provides 

that, after initiating proceedings, the 

Commission shall issue an order 

approving or disapproving the proposed 

rule change not later than 180 days after 

the date of publication of notice of filing 

of the proposed rule change. The 

Commission may extend the period for 

issuing an order approving or 

disapproving the proposed rule change, 

however, by not more than 60 days if 

the Commission determines that a 

longer period is appropriate and 

publishes the reasons for such 

determination. The proposed rule 

change was published for notice and 

comment in the Federal Register on 

June 21, 2024.9 December 18, 2024 is 

180 days from that date, and February, 

16, 2025 is 240 days from that date. 

The Commission finds it appropriate 

to designate a longer period within 

which to issue an order approving or 

disapproving the proposed rule change, 

as modified by Amendment No. 1, so 

that it has sufficient time to consider the 

proposed rule change, as modified by 

Amendment No. 1. Accordingly, the 

Commission, pursuant to Section 

19(b)(2) of the Act,10 designates 

February 16, 2025 as the date by which 

the Commission shall either approve or 

disapprove the proposed rule change, as 

modified by Amendment No. 1 (File No. 

SR–CboeBYX–2024–009). 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.11

Sherry R. Haywood, 

Assistant Secretary. 

[FR Doc. 2024–30352 Filed 12–19–24; 8:45 am] 

BILLING CODE 8011–01–P 


ddrumheller on DSK120RN23PROD with NOTICES1