[Federal Register Volume 87, Number 79 (Monday, April 25, 2022)]
[Notices]
[Page 24351]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-08676]


=======================================================================
-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-94744; File No. SR-CboeBZX-2022-017]


Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of 
Designation of Longer Period for Commission Action on a Proposed Rule 
Change To Amend BZX Rule 11.17, Clearly Erroneous Executions

April 19, 2022.
    On March 7, 2022, Cboe BZX Exchange, Inc. (``BZX'') 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 (i) make the 
current clearly erroneous execution (``CEE'') pilot program permanent, 
and (ii) limit the circumstances where CEE reviews would continue to be 
available during Regular Trading Hours.\3\ The proposed rule change was 
published for comment in the Federal Register on March 11, 2022.\4\ The 
Commission has received no comment letters on the proposed rule change.
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ The term ``Regular Trading Hours'' means the time between 
9:30 a.m. and 4:00 p.m. Eastern Time. See BZX Rule 1.5(w).
    \4\ See Securities Exchange Act Release No. 94374 (March 7, 
2022), 87 FR 14062.
---------------------------------------------------------------------------

    Section 19(b)(2) of the Act \5\ provides that, within 45 days of 
the publication of notice of the filing of a proposed rule change, or 
within such longer period up to 90 days as the Commission may designate 
if it finds such longer period to be appropriate and publishes its 
reasons for so finding or as to which the self-regulatory organization 
consents, the Commission shall 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 April 25, 2022.
---------------------------------------------------------------------------

    \5\ 15 U.S.C. 78s(b)(2).
---------------------------------------------------------------------------

    The Commission hereby is extending the 45-day time 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 it has sufficient time 
to consider the proposed rule change. Accordingly, pursuant to Section 
19(b)(2) of the Act,\6\ the Commission designates June 9, 2022, 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-CboeBZX-2022-017).
---------------------------------------------------------------------------

    \6\ Id.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\7\
---------------------------------------------------------------------------

    \7\ 17 CFR 200.30-3(a)(31).
---------------------------------------------------------------------------

J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2022-08676 Filed 4-22-22; 8:45 am]
BILLING CODE 8011-01-P