35272 Federal Register / Vol. 87, No. 111 / Thursday, June 9, 2022 / Notices 

19See Modification Letter, supra note 7. 

20 15 U.S.C. 78k–1. 

21 17 CFR 242.608. 

22 15 U.S.C. 78k–1. 

23 17 CFR 242.608(b)(2). 

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

2 17 CFR 240.19b–4. 

3See Securities Exchange Act Release No. 93688 

(December 1, 2021), 86 FR 69319 (‘‘Notice’’). The 

comment letters received on the proposed rule 

change are available on the Commission’s website 

at: https://www.sec.gov/comments/sr-cboebzx-2021- 

078/srcboebzx2021078.htm. 

4 15 U.S.C. 78s(b)(2). 

5See Securities Exchange Act Release No. 94010, 

87 FR 4075 (January 26, 2022). The Commission 

designated March 7, 2022 as the date by which the 

Commission shall approve or disapprove, or 

institute proceedings to determine whether to 

disapprove, the proposed rule change. 6 15 U.S.C. 78s(b)(2)(B). 

7See Securities Exchange Act Release No. 94372, 

87 FR 14053 (March 11, 2022). 8See Securities Exchange Act Release No. 94788 

(April 22, 2022), 87 FR 25328. 9 15 U.S.C. 78s(b)(2). 

10See Notice, supra note 3. 11 15 U.S.C. 78s(b)(2). 

12 17 CFR 200.30–3(a)(57). 

is listing multiple potential securities, 

as these issuers commonly issue more 

than one product with different root 

symbols, unlike corporate issuers who 

rely on the same root symbol even 

where they have multiple classes. The 

Commission believes that allowing 

exchanges to reserve multiple symbols 

for issuers of such exchange-traded 

products is appropriate in the public 

interest because it should reduce 

investor confusion by allowing related 

exchange-traded products to potentially 

have similar symbols. The Amendment 

also makes changes to the waitlist 

provision in Section IV(b)(6)(c) that 

relate to the new List B reservation 

process. Specifically, the Amendment 

would permit Participants that already 

have a symbol reserved for a potential 

issuer to be placed on the waitlist for 

the same symbol on behalf of another 

potential issuer. The Commission 

believes that this change should 

promote fair competition among the 

exchanges by allowing such Participant 

to be placed on the waitlist, similar to 

other Participants. 

The Participants also propose to 

amend Section I(c) of the Plan to 

eliminate the costs of entry for new 

participants because, as the Amendment 

notes, the pro rata costs for new 

participants have been de minimis or 

zero in recent years. The Commission 

believes that amending Section I(c) of 

the Plan to eliminate such costs should 

remove impediments to, and perfect the 

mechanisms of, a national market 

system, by removing what has become 

an administrative burden for new 

participants. In addition, the 

Amendment makes other technical and 

ministerial changes to clarify provisions 

that pertain only to the initial operation 

of the Plan and to update Participant 

information.19 The Commission believes 

that these changes are appropriate in the 

public interest and consistent with the 

Act, because they will provide clarifying 

and more accurate information about 

the existing practices under the Plan 

and also updated information about the 

Plan Participants. 

For the reasons discussed, the 

Commission finds that Amendment No. 

4 to the Plan, as reflected in the 

Modification Letter, is consistent with 

the requirements of the Act and the 

rules and regulations thereunder, and in 

particular, Section 11A of the Act 20 and 

Rule 608 21 thereunder in that 

Amendment No. 4 is appropriate in the 

public interest, for the protection of 

investors and the maintenance of fair 

and orderly markets, to remove 

impediments to, and perfect the 

mechanisms of, a national market 

system. 

IV. Conclusion 

It is therefore ordered, pursuant to 

Section 11A of the Act,22 and Rule 

608(b)(2) thereunder,23 that Amendment 

No. 4 to the Plan, as modified, (File No. 

4–533) is approved. 

By the Commission. 

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2022–12396 Filed 6–8–22; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–95034; File No. SR– 

CboeBZX–2021–078] 

Self-Regulatory Organizations; Cboe 

BZX Exchange, Inc.; Notice of 

Designation of a Longer Period for 

Commission Action on Proceedings To 

Determine Whether To Approve or 

Disapprove a Proposed Rule Change, 

as Modified by Amendment No. 1, To 

Introduce a New Data Product To Be 

Known as the Short Volume Report 

June 3, 2022. 

On November 17, 2021, Cboe BZX 

Exchange, Inc. (‘‘BZX’’ or ‘‘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 11.22(f) 

to introduce a new data product to be 

known as the Short Volume Report. The 

proposed rule change was published for 

comment in the Federal Register on 

December 7, 2021.3 On January 20, 

2022, pursuant to Section 19(b)(2) of the 

Act,4 the Commission designated a 

longer period within which to approve 

the proposed rule change, disapprove 

the proposed rule change, or institute 

proceedings to determine whether to 

disapprove the proposed rule change.5

On March 7, 2022, the Commission 

instituted proceedings under Section 

19(b)(2)(B) of the Act 6 to determine 

whether to approve or disapprove the 

proposed rule change.7 On March 30, 

2022, the Exchange filed Amendment 

No. 1 to the proposed rule change, 

which superseded the proposed rule 

change as originally filed. The proposed 

rule change, as modified by Amendment 

No. 1, was published for comment in 

the Federal Register on April 28, 2022.8

Section 19(b)(2) of the Act 9 provides 

that, after initiating proceedings, the 

Commission shall issue an order 

approving or disapproving the proposed 

rule change not later than 180 days after 

the date of publication of notice of the 

filing of the proposed rule change. The 

Commission may extend the period for 

issuing an order approving or 

disapproving the proposed rule change, 

however, by not more than 60 days if 

the Commission determines that a 

longer period is appropriate and 

publishes the reasons for such 

determination. The proposed rule 

change was published for comment in 

the Federal Register on December 7, 

2021.10 The 180th day after publication 

of the proposed rule change is June 5, 

2022. The Commission is extending the 

time period for approving or 

disapproving the proposal for an 

additional 60 days. 

The Commission finds that it is 

appropriate to designate a longer period 

within which to issue an order 

approving or disapproving the proposed 

rule change so that it has sufficient time 

to consider the proposed rule change, as 

modified by Amendment No. 1, and the 

comments that have been submitted in 

connection therewith. Accordingly, the 

Commission, pursuant to Section 

19(b)(2) of the Act,11 designates August 

4, 2022, as the date by which the 

Commission should either approve or 

disapprove the proposed rule change 

(File No. SR–CboeBZX–2021–078), as 

modified by Amendment No. 1. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.12

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2022–12399 Filed 6–8–22; 8:45 am] 

BILLING CODE 8011–01–P 


lotter on DSK11XQN23PROD with NOTICES1