105162 Federal Register / Vol. 89, No. 247 / Thursday, December 26, 2024 / Notices 

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

5See 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). 

7See Securities Exchange Act Release No. 

101322, 89 FR 83724 (Oct. 17, 2024). 

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

9See supra note 3 and accompanying text. 

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 January 4, 2025. 

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 18, 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–NASDAQ– 

2024–065). 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.6

J. Matthew DeLesDernier, 

Deputy Secretary. 

[FR Doc. 2024–30677 Filed 12–23–24; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

Sunshine Act Meetings 

TIME AND DATE: 1:30 p.m. on Friday, 

December 20, 2024. 

PLACE: The meeting will be held via 

remote means and/or at the 

Commission’s headquarters, 100 F 

Street NE, Washington, DC 20549. 

STATUS: This meeting will be closed to 

the public. 

MATTERS TO BE CONSIDERED: 

Commissioners, Counsel to the 

Commissioners, the Secretary to the 

Commission, and recording secretaries 

will attend the closed meeting. Certain 

staff members who have an interest in 

the matters also may be present. 

In the event that the time, date, or 

location of this meeting changes, an 

announcement of the change, along with 

the new time, date, and/or place of the 

meeting will be posted on the 

Commission’s website at https://

www.sec.gov. 

The General Counsel of the 

Commission, or her designee, has 

certified that, in her opinion, one or 

more of the exemptions set forth in 5 

U.S.C. 552b(c)(3), (5), (6), (7), (8), 9(B) 

and (10) and 17 CFR 200.402(a)(3), 

(a)(5), (a)(6), (a)(7), (a)(8), (a)(9)(ii) and 

(a)(10), permit consideration of the 

scheduled matters at the closed meeting. 

The subject matter of the closed 

meeting will consist of the following 

topics: 

Institution and settlement of 

injunctive actions; 

Institution and settlement of 

administrative proceedings; 

Resolution of litigation claims; and 

Other matters relating to examinations 

and enforcement proceedings. 

At times, changes in Commission 

priorities require alterations in the 

scheduling of meeting agenda items that 

may consist of adjudicatory, 

examination, litigation, or regulatory 

matters. 

CONTACT PERSON FOR MORE INFORMATION: 

For further information, please contact 

Vanessa A. Countryman from the Office 

of the Secretary at (202) 551–5400. 

Authority: 5 U.S.C. 552b. 

Dated: December 20, 2024. 

Vanessa A. Countryman, 

Secretary. 

[FR Doc. 2024–31060 Filed 12–20–24; 4:15 pm] 

BILLING CODE 8011–01–P 

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

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

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. 

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 


ddrumheller on DSK120RN23PROD with NOTICES1
Federal Register / Vol. 89, No. 247 / Thursday, December 26, 2024 / Notices 105163 

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

11 17 CFR 200.30–3(a)(57). 

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

2 15 U.S.C. 78a. 

3 17 CFR 240.19b–4. 

4See Securities Exchange Act Release No. 101358 

(October 16, 2024), 89 FR 84406 (October 22, 2024) 

(SR–PEARL–2024–47) (Notice of Filing and 

Immediate Effectiveness of a Proposed Rule Change 

To Adopt Both an Early and Late Trading Session 

on its Equity Trading Platform). 

5 Id. 

6See Exchange Rule 1901. 

7 Id. 

8The term ‘‘Equity Member’’ is a Member 

authorized by the Exchange to transact business on 

MIAX Pearl Equities. See Exchange Rule 1901. 

9See supra note 3. 

10 Id. 

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). 

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 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–101977; File No. SR– 

PEARL–2024–58] 

Self-Regulatory Organizations; MIAX 

PEARL, LLC; Notice of Filing and 

Immediate Effectiveness of a Proposed 

Rule Change To Make Certain 

Clarifying Changes Related to New 

Time-In-Force Instructions on MIAX 

Pearl Equities 

December 19, 2024 

Pursuant to Section 19(b)(1) 1 of the 

Securities Exchange Act of 1934 

(‘‘Act’’),2 and Rule 19b–4 thereunder,3

notice is hereby given that on December 

10, 2024, MIAX PEARL, LLC (‘‘MIAX 

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

Securities and Exchange Commission 

(‘‘Commission’’) the proposed rule 

change as described in Items I and II 

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 proposes to make 

clarifying changes related to new TimeIn-Force (‘‘TIF’’) instructions that were 

adopted as part of a recent proposal to 

expand the trading hours of its equity 

trading platform (referred to herein as 

‘‘MIAX Pearl Equities’’). 

The text of the proposed rule change 

is available on the Exchange’s website at 

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

us-equities/pearl-equities/rule-filings, at 

MIAX Pearl’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 

The Exchange proposes to make 

clarifying changes related to new TIF 

instructions that were adopted as part of 

a recent proposal to expand the trading 

hours of MIAX Pearl Equities. The 

Exchange recently submitted a proposed 

rule change to expand its hours of 

operations by adopting both an Early 

and Late Trading Session.4 Pursuant to 

that proposal,5 the Early Trading 

Session would operate from 4:00 a.m. 

until 9:30 a.m. Eastern Time. Then the 

existing Regular Trading Hours 6 would 

follow, which currently operates from 

9:30 a.m. until 4:00 p.m. Eastern Time. 

Within Regular Trading Hours, the 

Exchange also operates the existing 

Regular Trading Session,7 which 

operates from the completion of the 

Exchange’s Opening Process described 

in Exchange Rule 2615 until 4:00 p.m. 

Eastern Time. The Late Trading Session 

would follow and operate from 4:00 

p.m. until 8:00 p.m. Eastern Time. 

The Exchange currently offers two TIF 

instructions, Immediate-Or-Cancel 

(‘‘IOC’’) and Regular Hours Only 

(‘‘RHO’’), the operation of each are 

described under Exchange Rule 

2614(b)(1) and (2), respectively. In its 

proposal to add the Early and Late 

Trading Sessions, among other things, 

the Exchange amended its rules to adopt 

the following four additional TIF 

instructions: Day, Fill-Or-Kill (‘‘FOK’’), 

Good-‘til Time (‘‘GTT’’), and Good-‘til 

Extended Day (‘‘GTX’’). In sum, the Day 

TIF is an instruction that may be 

attached to an order stating that an order 

to buy or sell which, if not executed, 

expires at the end of Regular Trading 

Hours. The FOK TIF is an instruction 

that may be attached to an order stating 

that the order is to be executed in its 

entirety as soon as it is received and, if 

not so executed, cancelled. The GTT TIF 

is an instruction that may be attached to 

an order specifying the time of day at 

which the order expires. Lastly, the GTX 

TIF is an instruction that may be 

attached to an order to buy or sell 

which, if not executed, will be cancelled 

by the close of the Late Trading Session. 

Like RHO, the TIF instructions of Day, 

GTT, and GTX all allow Equity 

Members 8 to instruct the Exchange to 

post their order to the MIAX Pearl 

Equities Book if not executed upon 

entry. Also, like IOC, the TIF instruction 

of FOK provides that an order be 

executed upon entry and not posted to 

the MIAX Pearl Equities Book. 

Therefore, as part of its proposal to add 

the Early and Late Trading Session, the 

Exchange amended provisions within 

its rules to account for the TIF 

instructions where appropriate, such as 

adding the TIF instructions of Day, GTT, 

and GTX following references to RHO, 

or FOK following references to IOC.9

The Exchange now proposes to make 

other clarifying changes to its rules to 

account for the new TIF instructions 

that it inadvertently did not include in 

its earlier proposed rule change. As 

described below, each of these changes 

would ensure the Exchange’s rules 

provide for the consistent treatment of 

like TIF instructions, provide additional 

clarity, and are consistent with the rules 

of other national securities exchanges. 

The Exchange does not propose to make 

any other changes to its rules or to 

amend functionality. Each of these 

changes are as follows: 

• Exchange Rule 2614(a)(1)(ii) 

currently provides that a Limit Order 

may include a TIF of IOC or RHO. In the 

filing to adopt the Early and Late 

Trading Sessions and additional TIF 

instructions, Exchange Rule 

2614(a)(1)(ii) was amended to also 

provide that a Limit Order may include 

a TIF of FOK, Day, GTT, or GTX.10 The 

Exchange now proposes to amend 

Exchange Rule 2614(a)(1)(vi) to account 

for the new additional TIF instructions 

by providing that ‘‘[d]uring a Short Sale 


ddrumheller on DSK120RN23PROD with NOTICES1