Federal Register / Vol. 90, No. 5 / Wednesday, January 8, 2025 / Notices 1557 

8Copies 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 

SRO. 

9 17 CFR 200.30–3(a)(12). 

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

2 17 CFR 240.19b–4. 

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

4 17 CFR 240.19b–4(f). 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. 

5Copies 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. 

and replaced with text that provides (i) 

more flexibility regarding the 

application of the Settlement 

Optimization processes and (ii) more 

clarity around DTC’s settlement cycles 

and the processes run during those 

cycles, all of which better reflect current 

settlement processing at DTC, as 

described in greater detail below. 

The proposed rule change, including 

the DTC’s statement of the purpose of, 

and statutory basis for, the proposed 

rule change, is available on the DTC’s 

website at https://www.dtcc.com/legal/ 

rules-and-procedures and on the 

Commission’s website at http://

www.sec.gov/rules/sro.shtml. 

II. 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.8

Comments may be submitted 

electronically by using the 

Commission’s internet comment form 

(http://www.sec.gov/rules/sro.shtml) or 

by sending an email to rule-comments@

sec.gov. Please include file number SR– 

DTC–2024–016 on the subject line. 

Alternatively, paper comments may be 

sent to Secretary, Securities and 

Exchange Commission, 100 F Street NE, 

Washington, DC 20549–1090. All 

submissions should refer to file number 

SR–DTC–2024–016. 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 (http://www.sec.gov/ 

rules/sro.shtml). 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–DTC–2024–016 and 

should be submitted on or before 

January 29, 2025. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.9

J. Matthew DeLesDernier, 

Deputy Secretary. 

[FR Doc. 2025–00170 Filed 1–7–25; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–102096; File No. SR– 

EMERALD–2024–28] 

Self-Regulatory Organizations; MIAX 

EMERALD, LLC; Notice of Filing and 

Immediate Effectiveness of a Proposed 

Rule Change To Establish a Fee 

Discount Program for the Open-Close 

Report 

January 2, 2025. 

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 

20, 2024, MIAX EMERALD, LLC 

(‘‘Exchange’’) filed with the Securities 

and Exchange Commission 

(‘‘Commission’’) the proposed rule 

change as described in Item I below, 

which Item has been substantially 

prepared by the Exchange. The 

Exchange has designated this proposal 

for immediate effectiveness pursuant to 

Section 19(b)(3)(A) of the Act 3 and Rule 

19b–4(f) thereunder.4 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 amend the 

MIAX Emerald Options Exchange Fee 

Schedule (the ‘‘Fee Schedule’’) to 

establish a fee discount program for the 

Open-Close Report. 

The proposed rule change, including 

the Exchange’s statement of the purpose 

of, and statutory basis for, the proposed 

rule change, is available on the 

Exchange’s website at https://

www.miaxglobal.com/markets/usoptions/miax-options/rule-filings, and 

on the Commission’s website at https:// 

www.sec.gov/rules-regulations/selfregulatory-organization-rulemaking/ 

national-securities-exchanges?file_

number=SR-EMERALD-2024-28. 

II. 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.5

Comments may be submitted 

electronically by using the 

Commission’s internet comment form 

(https://www.sec.gov/rules-regulations/ 

self-regulatory-organizationrulemaking/national-securitiesexchanges?file_number=SR-EMERALD2024-28) or by sending an email to rulecomments@sec.gov. Please include file 

number SR–EMERALD–2024–28 on the 

subject line. Alternatively, paper 

comments may be sent to Secretary, 

Securities and Exchange Commission, 

100 F Street NE, Washington, DC 

20549–1090. All submissions should 

refer to file number SR–EMERALD– 

2024–28. 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/rulesregulations/self-regulatory-organizationrulemaking/national-securitiesexchanges?file_number=SR-EMERALD2024-28). 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–EMERALD–2024–28 and should be 

submitted on or before January 29, 2025. 


lotter on DSK11XQN23PROD with NOTICES1
1558 Federal Register / Vol. 90, No. 5 / Wednesday, January 8, 2025 / Notices 

6 17 CFR 200.30–3(a)(12). 

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

2 17 CFR 240.19b–4. 

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

4 17 CFR 240.19b–4(f). 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. 

5An ‘‘Industry Member’’ is defined as ‘‘a member 

of a national securities exchange or a member of a 

national securities association.’’ See BOX Rule 

16010 (Consolidated Audit Trail—Definitions). See 

also Section 1.1 of the CAT NMS Plan. Unless 

otherwise specified, capitalized terms used in this 

rule filing are defined as set forth in the CAT NMS 

Plan and/or the CAT Compliance Rule. See BOX 

Rule Series 16000 (CONSOLIDATED AUDIT TRAIL 

COMPLIANCE RULE). 6See paragraph A.3. of Consolidated Audit Trail 

Funding Fees. See BOX Fee Schedule, Section 

VIII.A.3. (CAT Fee 2024–1). See also Securities 

Exchange Act Rel. No. 100829 (Aug. 27, 2024), 89 

FR 71448 (Sept. 3, 2024) (‘‘Fee Filing for CAT Fee 

2024–1’’). 7Copies 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 

SRO. 

8 17 CFR 200.30–3(a)(12). 

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

2 17 CFR 240.19b–4. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.6

J. Matthew DeLesDernier, 

Deputy Secretary. 

[FR Doc. 2025–00182 Filed 1–7–25; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–102073; File No. SR–BOX– 

2024–31] 

Self-Regulatory Organizations; BOX 

Exchange LLC; Notice of Filing and 

Immediate Effectiveness of Proposed 

Rule Change To Establish Fees for 

Industry Members Related to 

Reasonably Budgeted CAT Costs of 

the National Market System Plan 

Governing the Consolidated Audit Trail 

for 2025 

January 2, 2025. 

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 

20, 2024, BOX Exchange LLC 

(‘‘Exchange’’) filed with the Securities 

and Exchange Commission 

(‘‘Commission’’) the proposed rule 

change as described in Item I below, 

which Item has been substantially 

prepared by the Exchange. The 

Exchange has designated this proposal 

for immediate effectiveness pursuant to 

Section 19(b)(3)(A) of the Act 3 and Rule 

19b–4(f) thereunder.4 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 amend the 

Fee Schedule to establish fees for 

Industry Members 5 related to 

reasonably budgeted CAT costs of the 

National Market System Plan Governing 

the Consolidated Audit Trail (the ‘‘CAT 

NMS Plan’’ or ‘‘Plan’’) for 2025. These 

fees would be payable to Consolidated 

Audit Trail, LLC (‘‘CAT LLC’’ or the 

‘‘Company’’) and referred to as CAT Fee 

2025–1, and would be described in a 

section of the Exchange’s Fee Schedule 

entitled ‘‘Consolidated Audit Trail 

Funding Fees.’’ The fee rate for CAT Fee 

2025–1 would be $0.000022 per 

executed equivalent share. CAT 

Executing Brokers will receive their first 

monthly invoice for CAT Fee 2025–1 in 

February 2025 calculated based on their 

transactions as CAT Executing Brokers 

for the Buyer (‘‘CEBB’’) and/or CAT 

Executing Brokers for the Seller 

(‘‘CEBS’’) in January 2025. CAT Fee 

2025–1 is anticipated to be in place for 

six months, and is anticipated to recover 

approximately one-half of the costs set 

forth in the reasonably budgeted CAT 

costs for 2025. CAT LLC intends for 

CAT Fee 2025–1 to replace CAT Fee 

2024–1 (which has a fee rate of 

$0.000035).6

The proposed rule change, including 

the Exchange’s statement of the purpose 

of, and statutory basis for, the proposed 

rule change, is available on the 

Exchange’s website at https://

rules.boxexchange.com/rulefilings, at 

the principal office of the Exchange, and 

on the Commission’s website at https:// 

www.sec.gov/rules-regulations/selfregulatory-organization-rulemaking/ 

national-securities-exchanges?file_

number=SR-BOX-2024-31. 

II. 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.7

Comments may be submitted 

electronically by using the 

Commission’s internet comment form 

(https://www.sec.gov/rules-regulations/ 

self-regulatory-organizationrulemaking/national-securitiesexchanges?file_number=SR-BOX-2024- 

31) or by sending an email to rulecomments@sec.gov. Please include file 

number SR–BOX–2024–31 on the 

subject line. Alternatively, paper 

comments may be sent to Secretary, 

Securities and Exchange Commission, 

100 F Street NE, Washington, DC 

20549–1090. All submissions should 

refer to file number SR–BOX–2024–31. 

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-regulations/ 

self-regulatory-organizationrulemaking/national-securitiesexchanges?file_number=SR-BOX-2024- 

31). 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–BOX–2024–31 and 

should be submitted on or before 

January 29, 2025. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.8

J. Matthew DeLesDernier, 

Deputy Secretary. 

[FR Doc. 2025–00169 Filed 1–7–25; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–102092; File No. SR– 

NASDAQ–2024–088] 

Self-Regulatory Organizations; The 

Nasdaq Stock Market LLC; Notice of 

Filing and Immediate Effectiveness of 

a Proposed Rule Change To Amend 

the Definitions of ‘‘Class’’ and ‘‘Series’’ 

To Harmonize Terms With Affiliated 

Exchanges 

January 2, 2025. 

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 

20, 2024, The Nasdaq Stock Market LLC 

(‘‘Exchange’’) filed with the Securities 

and Exchange Commission 


lotter on DSK11XQN23PROD with NOTICES1