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[Federal Register Volume 89, Number 247 (Thursday, December 26, 2024)]
[Notices]
[Pages 105162-105163]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-30689]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-101969; File No. SR-CboeBZX-2024-055]

Self-Regulatory Organizations; Cboe BZX 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 Exempt Closed-End Management Investment 
Companies Registered Under the Investment Company Act of 1940 From the 
Annual Meeting of Shareholders Requirement Set Forth in Exchange Rule 
14.10(f)

December 18, 2024.
    On June 25, 2024, Cboe BZX 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 exempt closed-
end management investment companies registered under the Investment 
Company Act of 1940 from the annual meeting of shareholders requirement 
set forth in Exchange Rule 14.10(f). On July 2, 2024, the Exchange 
filed Amendment No. 1 to the proposed rule change, which replaced and 
superseded the proposed rule change in its entirety. The proposed rule 
change, as modified by Amendment No. 1, was published for comment in 
the Federal Register on July 15, 2024.\3\
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ See Securities Exchange Act Release No. 100473 (July 9, 
2024), 89 FR 57491. Comments on the proposed rule change are 
available at: https://www.sec.gov/comments/sr-cboebzx-2024-055/srcboebzx2024055.htm.
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    On August 28, 2024, pursuant to Section 19(b)(2) of the Exchange 
Act,\4\ the Commission designated a longer period within which to 
approve the proposed rule change, disapprove the proposed rule change, 
or institute proceedings to determine whether to disapprove the 
proposed rule change.\5\ On October 11, 2024, the Commission 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.\7\
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    \4\ 15 U.S.C. 78s(b)(2).
    \5\ See Securities Exchange Act Release No. 100867, 89 FR 71944 
(Sept. 4, 2024). The Commission designated October 13, 2024, as the 
date by which the Commission shall approve or disapprove, or 
institute proceedings to determine whether to disapprove, the 
proposed rule change, as modified by Amendment No. 1.
    \6\ 15 U.S.C. 78s(b)(2)(B).
    \7\ See Securities Exchange Act Release No. 101322, 89 FR 83724 
(Oct. 17, 2024).
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    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, as modified by Amendment No. 1, was published for comment in 
the Federal Register on July 15, 2024.\9\ The 180th day after 
publication of the proposed rule change is January 11, 2025. The 
Commission is extending the time period for approving or disapproving 
the proposed rule change for an additional 60 days.
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    \8\ 15 U.S.C. 78s(b)(2).
    \9\ See supra note 3 and accompanying text.
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    The Commission finds that it is 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

[[Page 105163]]

consider the proposed rule change, the issues raised therein, and the 
comments received. Accordingly, the Commission, pursuant to Section 
19(b)(2) of the Act,\10\ designates March 12, 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-CboeBZX-2024-
055).
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    \10\ 15 U.S.C. 78s(b)(2).
    \11\ 17 CFR 200.30-3(a)(57).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\11\
J. Matthew DeLesDernier,
Deputy Secretary.
[FR Doc. 2024-30689 Filed 12-23-24; 8:45 am]
BILLING CODE 8011-01-P
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