4824 Federal Register / Vol. 90, No. 10 / Thursday, January 16, 2025 / Notices 

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 Miami 

International Securities Exchange, LLC (‘‘MIAX 

Rule’’) Rule 1701(u). The Exchange notes that MIAX 

Chapter XVII is incorporated by reference into the 

Exchange’s rulebook. As such, MIAX Chapter XVII 

also applies to the Exchange. 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 MIAX Rule 1701. 

6See paragraph (a)(3) of Consolidated Audit Trail 

Funding Fees. See Exchange Fee Schedule, Section 

8)a). See also Securities Exchange Act Rel. No. 

100872 (Aug. 29, 2024) 89 FR 72501 (Sept. 5, 2024) 

(SR–PEARL–2024–34) (‘‘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. 

Applicant below. Hearing requests 

should be received by the Commission 

by 5:30 p.m. on, February 5, 2025, and 

should be accompanied by proof of 

service on applicants, in the form of an 

affidavit or, for lawyers, a certificate of 

service. Pursuant to rule 0–5 under the 

Act, hearing requests should state the 

nature of the writer’s interest, any facts 

bearing upon the desirability of a 

hearing on the matter, the reason for the 

request, and the issues contested. 

Persons who wish to be notified of a 

hearing may request notification by 

emailing the Commission’s Secretary at 

Secretarys-Office@sec.gov. 

ADDRESSES: The Commission: 

Secretarys-Office@sec.gov. Applicants: 

Monique Austin, HarbourVest Private 

Investments Fund, at maustin@

harbourvest.com; and Daniel Chisholm, 

HarbourVest Private Investments Fund, 

at dchisholm@harbourvest.com; and 

Rajib Chanda, Simpson Thacher & 

Bartlett LLP, Rajib.Chanda@stblaw.com; 

and Ryan Brizek, Simpson Thacher & 

Bartlett LLP, ryan.brizek@stblaw.com. 

FOR FURTHER INFORMATION CONTACT: 

Taylor Evenson, Senior Counsel, or 

Terri Jordan, Branch Chief, at (202) 551– 

6825 (Division of Investment 

Management, Chief Counsel’s Office). 

SUPPLEMENTARY INFORMATION: For 

Applicants’ representations, legal 

analysis, and conditions, please refer to 

Applicants’ second amended and 

restated application, dated December 

19, 2024, which may be obtained via the 

Commission’s website by searching for 

the file number at the top of this 

document, or for an Applicant using the 

Company name search field, on the 

SEC’s EDGAR system. The SEC’s 

EDGAR system may be searched at 

http://www.sec.gov/edgar/searchedgar/ 

legacy/companysearch.html. You may 

also call the SEC’s Public Reference 

Room at (202) 551–8090. 

For the Commission, by the Division of 

Investment Management, under delegated 

authority. 

Sherry R. Haywood, 

Assistant Secretary. 

[FR Doc. 2025–00886 Filed 1–15–25; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–102154; File No. SR– 

PEARL–2024–64] 

Self-Regulatory Organizations; MIAX 

PEARL, LLC; Notice of Filing and 

Immediate Effectiveness of Proposed 

Rule Change To Amend the MIAX Pearl 

Options Fee Schedule 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 10, 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 

27, 2024, MIAX PEARL, LLC (‘‘MIAX 

Pearl’’ or ‘‘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 applicable to options 

trading on the Exchange (‘‘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://

www.miaxglobal.com/markets/usoptions/all-options-exchanges/rulefilings, at MIAX Pearl’s principal office, 

and on the Commission’s website at 

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

self-regulatory-organizationrulemaking/national-securitiesexchanges?file_number=SR-PEARL2024-64. 

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/ 


ddrumheller on DSK120RN23PROD with NOTICES1
Federal Register / Vol. 90, No. 10 / Thursday, January 16, 2025 / Notices 4825 

8 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 Securities Exchange Act Release No. 

104276, 89 FR 104276 (December 20, 2024). The 

Commission designated February 16, 2025, as the 

date by which the Commission shall approve or 

disapprove the proposed rule change. 

10 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 

Continued 

self-regulatory-organizationrulemaking/national-securitiesexchanges?file_number=SR-PEARL2024-64) or by sending an email to rulecomments@sec.gov. Please include file 

number SR–PEARL–2024–64 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–PEARL–2024– 

64. 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-PEARL2024-64). 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–PEARL–2024–64 and should be 

submitted on or before February 6, 2025. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.8

Sherry R. Haywood, 

Assistant Secretary. 

[FR Doc. 2025–00894 Filed 1–15–25; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

Sunshine Act Meetings 

FEDERAL REGISTER CITATION OF PREVIOUS

ANNOUNCEMENT: 90 FR 2759, January 13, 

2025. 

PREVIOUSLY ANNOUNCED TIME AND DATE OF

THE MEETING: Thursday, January 16, 

2025, at 2:00 p.m. 

CHANGES IN THE MEETING: The Closed 

Meeting scheduled for Thursday, 

January 16, 2025, at 2:00 p.m., has been 

changed to Thursday, January 16, 2025, 

at 1:00 p.m. 

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: January 14, 2025. 

Vanessa A. Countryman, 

Secretary. 

[FR Doc. 2025–01298 Filed 1–14–25; 4:15 pm] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–102156; File No. SRCboeBYX–2024–009] 

Self-Regulatory Organizations; Cboe 

BYX Exchange, Inc.; Notice of 

Withdrawal of 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 

January 10, 2025. 

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. 1.7 On December 16, 

2024, pursuant to Section 19(b)(2) of the 

Exchange Act,8 the Commission 

designated a longer period within which 

to issue an order approving or 

disapproving the proposed rule change, 

as modified by Amendment No. 1.9 On 

January 8, 2025, the Exchange withdrew 

the proposed rule change (SR– 

CboeBYX–2024–009). 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.10

Sherry R. Haywood, 

Assistant Secretary. 

[FR Doc. 2025–00896 Filed 1–15–25; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–102145; File No. SR–IEX– 

2024–31] 

Self-Regulatory Organizations; 

Investors Exchange LLC; Notice of 

Filing and Immediate Effectiveness of 

Proposed Rule Change To Amend 

IEX’s Fee Schedule Concerning 

Transaction Pricing for Certain SubDollar Orders 

January 10, 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 

31, 2024, the Investors Exchange LLC 

(‘‘IEX’’ or the ‘‘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 


ddrumheller on DSK120RN23PROD with NOTICES1