Federal Register / Vol. 90, No. 27 / Tuesday, February 11, 2025 / Notices 9351 

5See Securities and Exchange Act Release No. 

101877 (Dec. 11, 2024), 89 FR 102215 (Dec. 17, 

2024) (SR–ISE–2024–56) (Notice of Filing and 

Immediate Effectiveness of Proposed Rule Change 

To Adopt a New Approach to the Options 

Regulatory Fee (ORF) in 2025). 

6On January 13, 2025, the Exchange filed SR– 

ISE–2025–05. The Exchange withdrew SR–ISE– 

2025–05 on January 28, 2025 and replaced it with 

this filing. 

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 the 

Exchange. 

8 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. 

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 delay the 

implementation of SR–ISE–2024–56,5

which amended the Exchange’s Options 

Regulatory Fee (‘‘ORF’’). Specifically, 

the Exchange proposes to delay the new 

ORF and methodology therein which 

now will be implemented on June 1, 

2025 and sunset on December 1, 2025.6

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://listing

center.nasdaq.com/rulebook/ISE/ 

rulefilings and on the Commission’s 

website at https://www.sec.gov/rulesregulations/self-regulatory-organizationrulemaking/national-securitiesexchanges?file_number=SR-ISE-2025- 

06. 

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-ISE-2025- 

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

number SR–ISE–2025–06 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–ISE–2025–06. 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-regulatoryorganization-rulemaking/nationalsecurities-exchanges?file_number=SRISE-2025-06). 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–ISE–2025–06 and should be 

submitted on or before March 4, 2025. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.8

Sherry R. Haywood, 

Assistant Secretary. 

[FR Doc. 2025–02434 Filed 2–10–25; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–102359; File No. SR–BX– 

2025–007] 

Self-Regulatory Organizations; Nasdaq 

BX, Inc.; Notice of Filing and 

Immediate Effectiveness of a Proposed 

Rule Change To Amend the 

Exchange’s Pricing Schedule at 

Options 7, Section 2(4) Regarding 

Rebates for the Execution of Contracts 

That Generate an Order Exposure Alert 

February 5, 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 February 

3, 2025, Nasdaq BX, Inc. (‘‘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 

Exchange’s Pricing Schedule at Options 

7, Section 2(4) to modify the rebates for 

execution of contracts on the Exchange 

that generate an order exposure alert. 

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://listing

center.nasdaq.com/rulebook/bx/ 

rulefilings and on the Commission’s 

website at https://www.sec.gov/rulesregulations/self-regulatory-organizationrulemaking/national-securitiesexchanges?file_number=SR-BX-2025- 

007. 

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-BX-2025- 

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

number SR–BX–2025–007 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–BX–2025–007. 

To help the Commission process and 

review your comments more efficiently, 

please use only one method. The 

Commission will post all comments on 


KHAMMOND on DSK9W7S144PROD with NOTICES
9352 Federal Register / Vol. 90, No. 27 / Tuesday, February 11, 2025 / Notices 

6 17 CFR 200.30–3(a)(12). 

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

2 17 CFR 240.19b–4. 

3See Notice of Filing infra note 4, at 89 FR 65695. 

4Securities Exchange Act Release No. 100664 

(Aug. 6, 2024), 89 FR 65695 (Aug. 12, 2024) (File 

No. SR–OCC–2024–010) (‘‘Notice of Filing’’). 

5See OCC Info Memo #55123, Intraday Risk 

Monitoring (dated Aug. 30, 2024), available at 

https://infomemo.theocc.com/infomemos?

number=55123. The amendment did not change the 

purpose or basis of the proposed rule change. 

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

7Securities Exchange Act Release No. 101193 

(Sept. 25, 2024), 89 FR 79977 (Oct. 1, 2024) (File 

No. SR–OCC–2024–010). 

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

9See Securities Exchange Act Release No. 101551 

(Nov. 7, 2024), 89 FR 90155 (Nov. 14, 2024) (File 

No. SR–OCC–2024–010). 

10See Exchange Act Release No. 101446 (Oct. 25, 

2024), 89 FR 91000 (Nov 18, 2024) (File No. S7– 

10–23) (‘‘Covered Clearing Agency Resilience and 

Recovery and Orderly Wind-Down Plans’’). 

11 15 U.S.C. 78s(b)(2). 

12Securities Exchange Act Release No. 102202 

(Jan. 15, 2025), 90 FR 7722 (Jan. 22, 2025) (File No. 

SR–OCC–2024–010) (‘‘Notice of Filing of 

Amendment No. 3’’). 

13Comments on the proposed rule change are 

available at https://www.sec.gov/comments/sr-occ2024-010/srocc2024010.htm. 

14 15 U.S.C. 78s(b)(2). 

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

16 Id. 

17 17 CFR 200.30–3(a)(57). 

the Commission’s internet website 

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

self-regulatory-organizationrulemaking/national-securitiesexchanges?file_number=SR-BX-2025- 

007). 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–BX–2025–007 and should be 

submitted on or before March 4, 2025. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.6

Sherry R. Haywood, 

Assistant Secretary. 

[FR Doc. 2025–02433 Filed 2–10–25; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–102358; File No. SR–OCC– 

2024–010] 

Self-Regulatory Organizations; 

Options Clearing Corporation; Notice 

of Designation of Longer Period for 

Commission Action on Proceedings To 

Determine Whether To Approve or 

Disapprove a Proposed Rule Change, 

as Modified by Partial Amendment No. 

1 and Amendments Nos. 2 and 3, by 

The Options Clearing Corporation To 

Establish a Margin Add-On Charge 

That Would Be Applied to All Clearing 

Member Accounts To Help Mitigate the 

Risks Arising From Intraday and 

Overnight Trading Activity 

February 5, 2025. 

On July 25, 2024, the Options 

Clearing Corporation (‘‘OCC’’) filed with 

the Securities and Exchange 

Commission (‘‘Commission’’) the 

proposed rule change SR–OCC–2024– 

010, pursuant to Section 19(b) of the 

Securities Exchange Act of 1934 

(‘‘Exchange Act’’) 1 and Rule 19b–4 2

thereunder, to establish a margin add-on 

charge that would be applied to all 

Clearing Member accounts to assist with 

mitigating the risks arising from 

intraday and overnight trading activity, 

particularly activity attributable to 

short-dated options trading.3 The 

proposed rule change was published for 

public comment in the Federal Register 

on August 12, 2024.4

On September 4, 2024, OCC partially 

amended the proposed rule change to 

include as Exhibit 2 an information 

memorandum OCC published on its 

website informing OCC’s membership of 

the details of the margin add-on charge.5

On September 25, 2024, pursuant to 

Section 19(b)(2) of the Exchange Act,6

the Commission issued a Notice of 

Filing of Partial Amendment No. 1 and 

designated a longer period within which 

to approve, disapprove, or institute 

proceedings to determine whether to 

approve or disapprove the proposed 

rule change, as modified by Partial 

Amendment No. 1.7 On November 7, 

2024, the Commission instituted 

proceedings, pursuant to Section 

19(b)(2)(B) of the Exchange Act,8 to 

determine whether to approve or 

disapprove the proposed rule change, as 

modified by Partial Amendment No. 1.9

On January 8, 2025, OCC filed 

Amendment No. 2 to the proposed rule 

change to (1) incorporate certain 

modifications to address comments 

from industry participants, (2) conform 

the proposed rule change to the 

Commission’s final rule amending the 

Covered Clearing Agency (‘‘CCA’’) 

Standards regarding intraday margin 

calls,10 and (3) extend the 

implementation timeframe in response 

to industry concerns about the need for 

additional time to prepare for the 

proposed changes. On January 14, 2025, 

OCC filed Amendment No. 3 to the 

proposed rule change, which supersedes 

Amendment No. 2, to correct 

typographical and formatting errors 

(hereinafter ‘‘Proposed Rule Change’’). 

On January 15, 2025, pursuant to 

Section 19(b)(2) of the Exchange Act,11

the Commission issued a Notice of 

Filing of Amendment No. 3.12 The 

Commission has received comments 

regarding the Proposed Rule Change.13

Section 19(b)(2) of the Exchange 

Act 14 provides that proceedings to 

determine whether to approve or 

disapprove a proposed rule change must 

be concluded within 180 days of the 

date of publication of notice of filing of 

the proposed rule change. The time for 

conclusion of the proceedings may be 

extended for up to 60 days if the 

Commission determines that a longer 

period is appropriate and publishes the 

reasons for such determination.15 The 

180th day after publication of the Notice 

of Filing in the Federal Register is 

February 8, 2025. 

The Commission is extending the 

period for Commission action on the 

Proposed Rule Change. The Commission 

finds that it is appropriate to designate 

a longer period within which to take 

action on the Proposed Rule Change so 

that the Commission has sufficient time 

to consider the issues raised by the 

Proposed Rule Change and to take 

action on the Proposed Rule Change. 

Accordingly, pursuant to Section 

19(b)(2)(B)(ii)(II) of the Exchange Act,16

the Commission designates April 9, 

2025, as the date by which the 

Commission should either approve or 

disapprove the Proposed Rule Change 

SR–OCC–2024–010. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.17

Sherry R. Haywood, 

Assistant Secretary. 

[FR Doc. 2025–02432 Filed 2–10–25; 8:45 am] 

BILLING CODE 8011–01–P 

SMALL BUSINESS ADMINISTRATION 

National Small Business Development 

Center Advisory Board 

AGENCY: Small Business Administration. 

ACTION: Notice of meeting cancellation. 

SUMMARY: In accordance with the 

Federal Advisory Committee Act, the 

U.S. Small Business Administration 

(SBA) announces that the planned 

meeting on February 12, 2025, of the 

National Small Business Development 

Center Advisory Board (NSBDCAB) is 

cancelled. 

FOR FURTHER INFORMATION CONTACT: 

Rachel Karton, Designated Federal 


KHAMMOND on DSK9W7S144PROD with NOTICES