Federal Register / Vol. 86, No. 137 / Wednesday, July 21, 2021 / Notices 38515 

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

2 17 CFR 240.19b–4. 

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

4 17 CFR 240.19b–4(f)(6). 

5See Cboe Options Rule 5.20(a)(6). 

6Cboe Options Rule 5.31(g) governs the opening 

auction process that follows a trading halt. 

Particularly, it provides that the Exchange will open 

series using the same opening auction process 

described in Rule 5.31 following a trading halt in 

the class declared by the Exchange pursuant to Rule 

5.20, except: (1) The Queuing Period will begin 

immediately when the Exchange halts trading in the 

class; (2) if a User has orders or quotes resting on 

the Book at the time of a trading halt, the System 

queues those orders and quotes in the Queuing 

Book for participation in the opening rotation 

following the trading halt, unless the User entered 

instructions to cancel its resting orders and quotes; 

and (3) the System will initiate the opening rotation 

for a class upon the Exchange’s determination to 

resume trading pursuant to Rule 5.20. See Cboe 

Options Rule 5.31(g). 

7See CME Rule 589, Special Price Fluctuation 

Limits and Daily Price Limits Table, which 

provides the Dynamic Price Fluctuation Limits 

apply to, among other products, S&P 500 Futures, 

E-mini S&P Futures, and Micro E-mini S&P 500 

Index Futures. 

8CME’s current OTH hours are from 6:00 p.m.– 

9:30 a.m. EST. 

9See CME Submission No. 20–392. 

allowed the public 60 days to submit 

comments. The Commission received no 

comments. 

Written comments continued to be 

invited on: (a) Whether this collection of 

information is necessary for the proper 

performance of the functions of the 

agency, including whether the 

information will have practical utility; 

(b) the accuracy of the agency’s estimate 

of the burden imposed by the collection 

of information; (c) ways to enhance the 

quality, utility, and clarity of the 

information collected; and (d) ways to 

minimize the burden of the collection of 

information on respondents, including 

through the use of automated collection 

techniques or other forms of information 

technology. 

The public may view background 

documentation for this information 

collection at the following website: 

www.reginfo.gov. Find this particular 

information collection by selecting 

‘‘Currently under 30-day Review—Open 

for Public Comments’’ or by using the 

search function. Written comments and 

recommendations for the proposed 

information collection should be sent 

within 30 days of publication of this 

notice to (i) www.reginfo.gov/public/do/ 

PRAMain and (ii) David Bottom, 

Director/Chief Information Officer, 

Securities and Exchange Commission, 

c/o Cynthia Roscoe, 100 F Street NE, 

Washington, DC 20549, or by sending an 

email to: PRA_Mailbox@sec.gov. 

Comments must be submitted to OMB 

within 30 days of this notice. 

Dated: July 15, 2021. 

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2021–15428 Filed 7–20–21; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–92420; File No. SR–CBOE– 

2021–040] 

Self-Regulatory Organizations; Cboe 

Exchange, Inc.; Notice of Filing and 

Immediate Effectiveness of a Proposed 

Rule Change To Amend Its Rules 

Relating to Trading Halts During the 

Global Trading Hours Session 

July 15, 2021. 

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 July 8, 

2021, Cboe Exchange, Inc. (‘‘Exchange’’ 

or ‘‘Cboe Options’’) filed with the 

Securities and Exchange Commission 

(‘‘Commission’’) the proposed rule 

change as described in Items I, II, and 

III below, which Items have been 

prepared by the Exchange. The 

Exchange filed the proposal as a ‘‘noncontroversial’’ proposed rule change 

pursuant to Section 19(b)(3)(A)(iii) of 

the Act 3 and Rule 19b–4(f)(6) 

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 

Cboe Exchange, Inc. (the ‘‘Exchange’’ 

or ‘‘Cboe Options’’) proposes to amend 

its rules relating to trading halts during 

the Global Trading Hours session. The 

text of the proposed rule change is 

provided in Exhibit 5. 

The text of the proposed rule change 

is also available on the Exchange’s 

website (http://www.cboe.com/ 

AboutCBOE/ 

CBOELegalRegulatoryHome.aspx), at 

the Exchange’s Office of the Secretary, 

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 purpose of the proposed rule 

change is to automate the Exchange’s 

process for the halting and resumption 

of trading in certain circumstances 

during the Exchange’s Global Trading 

Hours (‘‘GTH’’) session. 

Background 

By way of background, Cboe Rule 5.20 

describes the Exchange’s process for 

determining if and when to halt trading 

in any security, including the process 

for the resumption of trading after a 

halt. Rule 5.20(a) provides that any two 

Floor Officials, in consultation with a 

designated senior executive officer of 

the Exchange, may halt trading in any 

security in the interests of a fair and 

orderly market and to protect investors. 

Rule 5.20(a) also sets forth various 

factors that may be considered in 

making the forgoing determination, 

including whether there has been an 

activation of price limits on futures 

exchanges or the halt of trading in 

related futures with respect to index 

options.5 Additionally, Rule 5.20(b) 

provides that trading in a security that 

has been the subject of a halt under 

subparagraph (a) may be resumed as 

described in Rule 5.31(g) 6 upon a 

determination by two Floor Officials, in 

consultation with a designated senior 

executive officer of the Exchange, that 

the interests of a fair and orderly market 

are best served by a resumption of 

trading. Among the factors to be 

considered in making this 

determination are whether the 

conditions which led to the halt are no 

longer present. 

By way of further background, the 

Chicago Mercantile Exchange (‘‘CME’’) 

recently amended its rules to (1) adopt 

Dynamic Special Price Fluctuation 

Limits and trading halt rules for certain 

CME equity index futures 7 during 

CME’s Overnight Trading Hours session 

(‘‘OTH’’ 8) and (2) modify its hard OTH 

Price Limits.9 Specifically, CME 

amended its rules to provide that if a 

contract market moves beyond the lower 

or above the upper dynamic price 

fluctuation limit during OTH (currently 

set at 3.5%), CME will trigger a Dynamic 

Circuit Breaker and halt trading for two 


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38516 Federal Register / Vol. 86, No. 137 / Wednesday, July 21, 2021 / Notices 

10 Id. See also CME Rule 589.D (Dynamic Price 

Fluctuation Limits). 11See CME Submission No. 20–392. 12For purposes of this rule, CME futures are 

defined to be in a Limit State when CME futures 

reach the OTH Price Limits (currently 7%) and are 

bid at their upper limit price or offered at their 

lower limit price. CME futures are not considered 

to be in a limit state if CME futures are trading at 

prices above their lower limit price or below their 

upper limit price. 

13 If the lead contract month (as identified by 

CME) of the primary futures contract is traded, bid 

or offered on Globex at a price below the lower or 

above the upper dynamic price fluctuation limit, it 

is considered a triggering event which begins a two 

(2) minute temporary trading halt in all contract 

months of the primary futures contract and in all 

contract months of associated products of the 

primary futures contract as provided in the Special 

Price Fluctuation Limits and Daily Price Limits 

Table. If a non-lead contract month of the primary 

futures contract is traded, bid or offered on Globex 

at a price below the lower or above the upper 

dynamic price fluctuation limit, it shall be 

considered a triggering event which begins a two (2) 

minute temporary trading halt in that non-lead 

contract month of the primary futures contract. See 

CME Rule 589.D(b)(1). 

14See Cboe Options Rule 5.31(g)(2). 

15The Exchange notes that unlike the messages 

issued by CME relating to Dynamic Circuit Breakertriggered halts, CME does not currently issue any 

messages that explicitly indicate that its futures 

have reached a limit state. However, should CME 

provide such notice in the future, the Exchange 

could determine to halt upon receipt of any such 

notice in addition to or in lieu of its own 

determination that CME futures have reached a 

limit state. 

16See Cboe Options Rule 5.31(g)(2). 

(2) minutes.10 CME also amended its 

OTH Price Limits for certain CME 

equity index futures from 5% hard 

limits to 7% hard limits.11

Currently, the Exchange employs a 

manual process to initiate the halting or 

resumption of trading during GTH. This 

manual process requires personnel from 

the Exchange’s Trade Desk to become 

aware of, and react to, any trading halts 

in related futures, including Dynamic 

Circuit Breaker-triggered halts, and 

activation of CME OTH Price Limits, as 

well as any determination to lift the 

trading halts in related futures or 

identify whether the futures are no 

longer in a limit state. Particularly, the 

Trade Desk performs proactive 

monitoring of halt notifications from 

CME and checks internal tools to 

identify whether future products have 

reached a limit state. If Trade Desk 

personnel become aware that a related 

future is halted by CME or if it reaches 

CME’s prescribed OTH Price Limit (i.e., 

reaches a ‘‘limit state’’ 12) during GTH, 

current practice is such that Trade Desk 

personnel would generally, upon 

determination by two Floor Officials in 

consultation with a designated senior 

executive officer, manually implement a 

trading halt pursuant to the authority 

provided under Rule 5.20(a)(6). 

Similarly, Trade Desk personnel will 

monitor internal tools to identify 

whether CME has lifted the trading halt 

or whether the futures are no longer in 

a limit state. If such determination is 

made, Trade Desk personnel would 

generally, upon determination by two 

Floor Officials in consultation with a 

designated senior executive officer, 

manually initiate the reopening process 

to resume trading pursuant to the 

authority provided under Rule 5.20(b). 

Even with the proactive monitoring 

performed by the Trade Desk, there may 

be instances where the Exchange has 

not immediately identified a trading 

halt, activation of price limits, lifting of 

a trading halt or whether related futures 

are no longer in a limit state. As such, 

there may not be an immediate 

initiation of a trading halt or manual reopening of a related index option in 

such cases. The Exchange believes an 

automated process would be more 

efficient than this current manual 

process and accordingly proposes to 

adopt an automated halt and reopening 

process, which would avoid the need 

for manual intervention by Exchange 

staff. 

Proposal 

The proposed rule change would 

adopt new Rule 5.20(f) to implement an 

automated process for both the halting 

and resumption of trading during the 

GTH session if certain events transpire 

on CME. The Exchange notes the 

proposed automated process is 

consistent with authority the Exchange 

currently has today to halt or resume 

trading under its existing rules. 

Particularly, the proposed 

circumstances that will trigger an 

automated halt or resumption of trading 

are circumstances and factors that the 

Exchange already considers and acts 

upon today (albeit using a manual 

process). The Exchange believes 

automating these processes in these 

situations eliminates potential 

inefficiencies with the manual process, 

as well as provides further transparency 

in the rules. Particularly, the Exchange 

proposes to adopt an automated process 

for the halting and resumption of 

trading when (1) there is a halt of 

trading in related futures on CME 

during the CME OTH session due to the 

activation of a Dynamic Price 

Fluctuation Limit (i.e., whenever a 

‘‘Dynamic Circuit Breaker’’ is triggered 

on CME during OTH) (proposed Rule 

5.20(f)(1)) or (2) when a related future is 

in a limit state on CME due to an 

activation of the CME OTH Price Limit 

(proposed Rule 5.20(f)(2)), as further 

described below. 

Dynamic Circuit Breakers 

With respect to a Dynamic Circuit 

Breaker, the Exchange proposes to 

specify that upon its System receiving 

notice from CME that a Dynamic Circuit 

Breaker has been triggered during OTH, 

the Exchange will automatically halt 

trading for two (2) minutes in the 

related index options. The proposed 

trading halt period would coincide with 

the trading halt period on CME that is 

triggered by the Dynamic Circuit 

Breaker.13 Particularly, the two-minute 

halt period on the Exchange would be 

triggered when the Exchange’s system 

detects a halt message from CME. Once 

detected, the System will queue any 

orders or quotes resting on the Book at 

the time of a trading halt in the Queuing 

Book for participation in the opening 

rotation following the trading halt, 

unless the user entered instructions to 

cancel its resting orders and quotes.14

New orders/quotes, modifications to 

orders/quotes and cancellations for 

orders/quotes, would be accepted 

during the halt period. 

The Exchange next proposes to 

provide that at the conclusion of the 

two-minute Dynamic Circuit Breakertriggered halt, the Exchange would 

automatically resume trading as 

described in Rule 5.31(g). The proposed 

rule change results in the Exchange 

being able to re-open trading in the 

same manner that it is able to under 

Rule 5.31(g) today but enables the 

Exchange to not have to rely on manual 

procedures to do so. 

CME OTH Price Limits 

With respect to activation of CME’s 

OTH Price Limits (i.e., if the primary 

futures contract has reached a limit 

state), the Exchange proposes to specify 

that upon receiving notice from CME 

indicating a limit state condition or 

upon the Exchange’s determination that 

CME futures are in a limit state, the 

Exchange will halt trading for ten (10) 

minutes in the related index options. 

Particularly, the Exchange’s System will 

read CME data feed messages 

continuously during GTH hours and 

identify when CME futures are at a limit 

state. Alternatively, the Exchange’s 

System may receive a message from 

CME indicating a limit state condition.15

Under either scenario, the Exchange 

would automatically halt trading, and 

the System will queue any orders or 

quotes resting on the Book at the time 

of a trading halt in the Queuing Book for 

participation in the opening rotation 

following the trading halt, unless the 

user entered instructions to cancel its 

resting orders and quotes.16 New orders/ 

quotes, modifications to orders/quotes 


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Federal Register / Vol. 86, No. 137 / Wednesday, July 21, 2021 / Notices 38517 

17For example, if the Exchange determines that 

the period of consecutive time that CME futures 

must not be in a limit state is thirty consecutive 

seconds and the CME OTH Price Limit is activated 

at 4:00:00 a.m., then the Exchange shall initiate its 

reopening process at 4:10:00 a.m. so long as the 

futures were not in a limit state at any point during 

4:09:30 and 4:10:00 a.m. Alternatively, for example, 

if the futures returned to a limit state at 4:09:45 

a.m., trading in the related index options shall 

remain halted until at least 4:10:15 a.m. or until 

such time thirty consecutive seconds have passed 

in which CME futures were off the limit price (e.g., 

if futures hit the limit price again at 4:09:55 a.m., 

then the earliest trading could resume is at 4:10:25 

a.m.). 

18The Exchange notes that notwithstanding the 

proposed automated procedures for reopening, the 

Exchange would retain the ability to manually 

resume trading prior to the end of either trading 

halt period at its discretion pursuant to current Rule 

5.20(b). Similarly, the Exchange retains the ability 

to manually extend the halting period pursuant to 

current Rule 5.20(a). 

19See Cboe Options Rule 5.20(a)(6). 

20See Cboe Options Rule 5.20(a)(6). 

21 15 U.S.C. 78f(b). 

22 15 U.S.C. 78f(b)(5). 

23See Rule 5.20(a)(6). 

24See Rule 5.20(b). 

and cancellations for orders/quotes, 

would be accepted during the halt 

period. 

The Exchange next proposes to 

automate the process for resuming 

trading following a trading halt during 

CME futures reaching a limit state. 

Particularly, the Exchange shall resume 

trading as described in Rule 5.31(g) once 

the following two conditions have been 

satisfied: (1) The 10-minute halt period 

has passed and (2), the relate CME 

futures have not been in a limit state for 

the entirety of a rolling period of time 

(which the Exchange determines) which 

begins prior to the conclusion of the halt 

period.17 Resumption of trading will 

occur in the same manner that it is able 

to under Rule 5.31(g) today, but the 

Exchange would no longer have to rely 

on manual procedures for initiating the 

resumption of trading. 

Manual Determinations 

The Exchange notes that 

notwithstanding proposed Rules 

5.20(f)(1) and (f)(2), the Exchange would 

retain the ability to manually resume 

trading at any time during a trading halt 

triggered by either a Dynamic Circuit 

Breaker or activation of CME OTH Price 

Limits at its discretion pursuant to 

current Rule 5.20(b) if it believes the 

interests of a fair and orderly market are 

best served by doing so. The Exchange 

also retains the ability to manually 

implement a trading halt at any time 

other than described under proposed 

paragraphs (f)(1) and (f)(2) if it is 

determined to be in the interests of a fair 

and orderly market and to protect 

investors pursuant to paragraph 5.20(a). 

To maintain clarity and transparency in 

the rules, the Exchange therefore also 

proposes to adopt Rule 5.20(f)(3) to 

directly reference this continuing 

authority to manually halt and resume 

trading during GTH, notwithstanding 

the proposed provisions under Rule 

5.20(f)(1) and (f)(2). 

In sum, the Exchange believes a 

trading halt is generally necessary to 

maintain a fair and orderly market 

whenever there is a trading halt or 

activation of price limits in related 

futures products with respect to index 

options during GTH. Indeed, upon 

becoming aware of a halt of trading in 

related futures with respect to index 

options or activation of a OTH price 

limit, current practice is such that two 

Floor Officials in consultation with a 

designated senior executive officer of 

the Exchange would likely determine to 

halt trading in related index options, as 

permitted pursuant to current Rule 

5.20(a)(6). Although the Exchange 

currently has discretion to halt trading 

in these circumstances, the Exchange 

wishes to automate this process and 

make it clear in the rules that a trading 

halt shall automatically be triggered in 

certain circumstances as detailed above. 

Similarly, for efficiency and 

transparency in the rules, the Exchange 

also wishes to specify when and how 

the Exchange shall automatically 

resume trading following a trading halt 

triggered by a Dynamic Circuit Breaker 

on CME or activation of a CME OTH 

Price Limit.18 As noted above, pursuant 

to Rule 5.20(b), when the conditions 

which led to the halt are no longer 

present, trading in a halted security may 

be resumed on the Exchange at its 

discretion. The Exchange notes that 

when a trading halt in related futures 

with respect to index options has ended, 

or a futures product is no longer in a 

limit state, the Exchange usually 

determines to resume trading. 

Accordingly, the Exchange believes its 

proposal to automatically halt trading 

when CME employs a Dynamic Circuit 

Breaker or there is an activation of CME 

OTH Price Limits is consistent with the 

Exchange’s current authority to consider 

halting when there is a halt of trading 

or activation of price limits in related 

futures.19 The Exchange similarly 

believes the proposals relating to 

automatic resumption of trading 

following the two-minute Dynamic 

Circuit Breaker-triggered halt or tenminute limit state-triggered halt period 

is consistent with the Exchange’s 

authority to consider resuming trading 

when the conditions that led to the halt 

are no longer present.20

Implementation Date 

The Exchange proposes to announce 

the implementation date of the 

proposed rule change in an Exchange 

Notice, to be published no later than 

sixty (60) days following the operative 

date. The implementation date will be 

no later than ninety (90) days following 

the operative date. 

2. Statutory Basis 

The Exchange believes the proposed 

rule change is consistent with the 

requirements of Section 6(b) of the 

Act,21 in general, and Section 6(b)(5) of 

the Act,22 in particular, in that it is 

designed to remove impediments to and 

perfect the mechanism of a free and 

open market and a national market 

system, to promote just and equitable 

principles of trade, and, in general, to 

protect investors and the public interest 

and not to permit unfair discrimination 

between customers, issuers, brokers, or 

dealers. 

In particular, the Exchange believes 

its proposal is consistent with the 

Exchange’s current authority to 

determine when to halt and resume 

trading pursuant to Rules 5.20(a) and 

(b). Today, two Floor Officials, in 

consultation with a designated senior 

executive officer of the Exchange, may 

halt trading in any security in the 

interests of a fair and orderly market 

and to protect investors. As discussed 

above, in making their determination, 

they may consider whether unusual 

conditions or circumstances are present, 

which may include the activation of 

price limits on futures exchanges or the 

halt of trading in related futures with 

respect to index options.23 Similarly, 

two Floor Officials, in consultation with 

a designated senior executive officer of 

the Exchange, may determine when in 

the interests of a fair and orderly market 

are best served by a resumption of 

trading. Among the factors to be 

considered in this determination are 

whether the conditions which led to the 

halt are no longer present.24 Although 

the Exchange’s current rules provide the 

Exchange discretion to (i) halt trading 

when there is a halt of trading in related 

futures or activation of price limits and 

(2) resume when the conditions that led 

to a halt are no longer present, the 

Exchange historically was likely to halt 

and reopen in such situations. The 

Exchange believes that adopting an 

automated process in these situations 

would be more consistent and reliable 

for market participants and investors as 

such a process would be more efficient 

and not rely on manual processing by 

Exchange personnel. Moreover, the 

Exchange believes the proposed rule 


jbell on DSKJLSW7X2PROD with NOTICES
38518 Federal Register / Vol. 86, No. 137 / Wednesday, July 21, 2021 / Notices 

25 15 U.S.C. 78s(b)(3)(A). 

26 17 CFR 240.19b–4(f)(6). 27 17 CFR 200.30–3(a)(12). 

change provides further transparency to 

investors with respect to the process the 

Exchange will use in the event the 

circumstances discussed above 

transpire. 

The proposed rule change would 

promote the public interest and the 

protection of investors by eliminating 

the need for manual determinations and 

replacing it with a more consistent and 

transparent procedure that would be 

applied by the Exchange’s trading 

systems on an automated basis. Indeed, 

instead of relying on Trade Desk staff to 

manually halt or re-open trading, the 

trading halt or resumption of trading 

would automatically take place in the 

manner detailed above. Additionally, 

notwithstanding the proposed 

automated processes, the Exchange 

would continue to have the authority to 

manually halt and resume trading 

outside of these processes if it’s 

determined to be in the interests of a fair 

and orderly market or under other 

enumerated circumstances set forth 

under Rules 5.20(a) and (b). 

The Exchange believes the proposed 

rule change is designed to help ensure 

that halting and resumption of trading 

happens in an automated and efficient 

fashion, while also maintaining the 

important link between the trading of 

index options on the Exchange and the 

trading of related futures on CME during 

GTH. 

B. Self-Regulatory Organization’s 

Statement on Burden on Competition 

The Exchange does not believe that 

the proposed rule change would impose 

any burden on competition that is not 

necessary or appropriate in furtherance 

of the purposes of the Act. The 

proposed rule change is designed to 

facilitate a more efficient and automated 

halting of trading and resumption of 

trading in limited circumstances during 

the Exchange’s GTH session and is not 

designed to address any competitive 

issues. The Exchange therefore does not 

believe that the proposed rule change 

would have any significant impact on 

competition. Rather than impact the 

competitive environment, the proposed 

rule change would benefit members and 

investors by eliminating the need for 

manual processes under certain 

circumstances and provide further 

transparency in the rules. 

C. Self-Regulatory Organization’s 

Statement on Comments on the 

Proposed Rule Change Received From 

Members, Participants, or Others 

No written comments were solicited 

or received on the proposed rule 

change. 

III. Date of Effectiveness of the 

Proposed Rule Change and Timing for 

Commission Action 

Because the foregoing proposed rule 

change does not: 

A. Significantly affect the protection 

of investors or the public interest; 

B. impose any significant burden on 

competition; and 

C. become operative for 30 days from 

the date on which it was filed, or such 

shorter time as the Commission may 

designate, it has become effective 

pursuant to Section 19(b)(3)(A) of the 

Act 25 and Rule 19b–4(f)(6) 26

thereunder. 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. 

IV. 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. 

Comments may be submitted by any of 

the following methods: 

Electronic Comments 

• Use the Commission’s internet 

comment form (http://www.sec.gov/ 

rules/sro.shtml); or 

• Send an email to rule-comments@

sec.gov. Please include File Number SR– 

CBOE–2021–040 on the subject line. 

Paper Comments 

• Send paper comments in triplicate 

to Secretary, Securities and Exchange 

Commission, 100 F Street NE, 

Washington, DC 20549–1090. 

All submissions should refer to File 

Number SR–CBOE–2021–040. This file 

number should be included on the 

subject line if email is used. 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). Copies 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 

10:00 a.m. and 3:00 p.m. Copies of the 

filing also will be available for 

inspection and copying at the principal 

office of the Exchange. All comments 

received will be posted without change. 

Persons submitting comments are 

cautioned that we do not redact or edit 

personal identifying information from 

comment submissions. You should 

submit only information that you wish 

to make available publicly. All 

submissions should refer to File 

Number SR–CBOE–2021–040 and 

should be submitted on or before 

August 11, 2021. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.27

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2021–15441 Filed 7–20–21; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[SEC File No. 270–638, OMB Control No. 

3235–0690] 

Submission for OMB Review; 

Comment Request 

Upon Written Request Copies Available 

From: Securities and Exchange 

Commission, Office of FOIA Services, 

100 F Street NE, Washington, DC 

20549–2736 

Extension: 

Form SF–3 

Notice is hereby given that, pursuant 

to the Paperwork Reduction Act of 1995 

(44 U.S.C. 3501 et seq.), the Securities 

and Exchange Commission 

(‘‘Commission’’) has submitted to the 

Office of Management and Budget this 

request for extension of the previously 

approved collection of information 

discussed below. 

Form SF–3 (17 CFR 239.45) is a short 

form registration statement used for 

non-shelf issuers of asset-backed 

securities to register a public offering of 

their securities under the Securities Act 

of 1933 (15 U.S.C. 77a et seq.). Form 


jbell on DSKJLSW7X2PROD with NOTICES