42236 Federal Register / Vol. 87, No. 134 / Thursday, July 14, 2022 / Notices 

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. 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 it 

should approve, disapprove, or institute 

proceedings to determine whether to disapprove, 

the proposed rule change. 

CLO IX, Ltd., TICP CLO X, Ltd., TICP 

CLO XI, Ltd., TICP CLO XII, Ltd., TICP 

CLO XIII, Ltd., TICP CLO XIV, Ltd., 

TICP CLO XV, Ltd., Sixth Street CLO 

XVI, Ltd., Sixth Street CLO XVII, Ltd., 

Sixth Street CLO XVIII, Ltd., Sixth 

Street CLO XIX, Ltd., Sixth Street CLO 

XX, Ltd., Sixth Street CLO Equity Fund 

IV, L.P., TSSP Rotational Credit Fund, 

L.P., Sixth Street Wheeler Peak 

Rotational Credit Fund I, LLC, Sixth 

Street Rotational Credit Fund III, L.P., 

TSSP Structured Credit Opportunities 

Fund, L.P., Sixth Street Structured 

Credit Opportunities Fund II, L.P., Sixth 

Street Structured Credit Opportunities 

Fund III, L.P., Sixth Street Structured 

Credit Opportunities Fund IV, L.P., 

Sixth Street Structured Credit 

Opportunities Fund V, L.P., TICP CLO 

Partners II, L.P., TICP CLO Holdings, 

L.P., TSSP Institutional Credit Partners 

III, L.P., Sixth Street Credit Market 

Strategies Partners I, L.P., Sixth Street 

Credit Market Strategies Partners I–A, 

L.P., TICP III Cayman, Ltd., Sixth Street 

Mid-Stage Growth Partners (A), L.P., 

Sixth Street Mid-Stage Growth Partners 

(B), L.P., Sixth Street Mid-Stage Growth 

(A) AIV, L.P., Sixth Street Mid-Stage 

Growth (B) AIV, L.P., Sixth Street 

Advisers, LLC, Sixth Street 

Fundamental Strategies I Management, 

LLC, Sixth Street Opportunities III 

Management, LLC, Sixth Street 

Opportunities IV Management, LLC, 

Sixth Street Opportunities V 

Management, LLC, Sixth Street TAO 

Management, LLC, Sixth Street Growth 

I Management, LLC, Sixth Street Growth 

II Management, LLC, Sixth Street 

Specialty Lending Europe I 

Management, LLC, Sixth Street 

Specialty Lending Europe II 

Management, LLC, Sixth Street 

Agriculture Management, LLC, Sixth 

Street Strategic Holdings Management, 

LLC, Sixth Street CMS Dynamic Credit 

Management, LLC, TICP CLO V 2016–1 

Management, LLC, TICP CLO VI 2016– 

2 Management, LLC, TICP CLO VII 

Management, LLC, TICP CLO VIII 

Management, LLC, TICP CLO IX 

Management, LLC, TICP CLO X 

Management, LLC, TICP CLO XI 

Management, LLC, TICP CLO XII 

Management, LLC, TICP CLO XIII 

Management, LLC, TICP CLO XIV 

Management, LLC, TICP CLO XV 

Management, LLC, Sixth Street CLO XVI 

Management, LLC, Sixth Street CLO 

XVII Management, LLC, Sixth Street 

CLO XVIII Management, LLC, Sixth 

Street CLO XIX Management, LLC, Sixth 

Street CLO XX Management, LLC, Sixth 

Street CLO Equity IV Management, LLC, 

TSSP Rotational Credit Management, 

LLC, Sixth Street Rotational Credit II 

Management, LLC, Sixth Street 

Rotational Credit III Management, LLC, 

TSSP Structured Credit Opportunities 

Management, LLC, Sixth Street 

Structured Credit Opportunities II 

Management, LLC, Sixth Street 

Structured Credit Opportunities III 

Management, LLC, Sixth Street 

Structured Credit Opportunities IV 

Management, LLC, Sixth Street 

Structured Credit Opportunities V 

Management, LLC, Sixth Street CLO 

Advisers II, LLC, TSSP Institutional 

Credit III Management, LLC, Sixth Street 

Credit Market Strategies Management, 

LLC, Sixth Street Mid-Stage Growth I 

Management, LLC, MSGP Lending, LLC, 

Sixth Street Lending Partners Advisers, 

LLC and Sixth Street Lending Partners. 

FILING DATES: The application was filed 

on January 16, 2020, and amended on 

July 20, 2021, December 28, 2021, May 

26, 2022, and June 29, 2022. 

HEARING OR NOTIFICATION OF HEARING: An 

order granting the requested relief will 

be issued unless the Commission orders 

a hearing. Interested persons may 

request a hearing on any application by 

emailing the SEC’s Secretary at 

Secretarys-Office@sec.gov and serving 

the Applicants with a copy of the 

request by email, if an email address is 

listed for the relevant Applicant below, 

or personally or by mail, if a physical 

address is listed for the relevant 

Applicant below. Hearing requests 

should be received by the Commission 

by 5:30 p.m. on August 2, 2022, 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: 

Joshua Peck, JPeck@sixthstreet.com; 

John J. Mahon, Esq., john.mahon@

srz.com. 

FOR FURTHER INFORMATION CONTACT: 

Jennifer O. Palmer, Senior Counsel, or 

Terri G. 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’ fourth amended and 

restated application, dated June 29, 

2022, 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, 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. 

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2022–14979 Filed 7–13–22; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–95230; File No. SR– 

CboeBZX–2021–078] 

Self-Regulatory Organizations; Cboe 

BZX Exchange, Inc.; Notice of 

Withdrawal of a Proposed Rule 

Change, as Modified by Amendment 

No. 1, To Introduce a New Data 

Product To Be Known as the Short 

Volume Report 

July 8, 2022. 

On November 17, 2021, Cboe BZX 

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 11.22(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 


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Federal Register / Vol. 87, No. 134 / Thursday, July 14, 2022 / Notices 42237 

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

7See Securities Exchange Act Release No. 94372, 

87 FR 14053 (March 11, 2022). 

8Amendment No. 1 is available at https://

www.sec.gov/comments/sr-cboebzx-2021-078/ 

srcboebzx2021078-20121778-273840.pdf. 

9See Securities Exchange Act Release No. 94788 

(April 22, 2022), 87 FR 25328. 

10See Securities Exchange Act Release No. 95034, 

87 FR 35272 (June 9, 2022). 

11 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)(iii). 4 17 CFR 240.19b–4(f)(6). 

5See Securities Exchange Act Release No. 94441 

(March 16, 2022), 87 FR 16286 (March 22, 2022) 

(SR–NYSE–2021–40) (Order Granting Accelerated 

Approval of a Proposed Rule Change, as Modified 

by Amendment No. 1 To Adopt on a Permanent 

Basis the Pilot Program for Market-Wide Circuit 

Breakers in Rule 7.12). 

6See Securities Exchange Act Release No. 94706 

(April 12, 2022), 87 FR 22954 (April 18, 2022) (SR– 

CBOE–2022–018) (Notice of Filing and Immediate 

Effectiveness of a Proposed Rule Change to Adopt 

on a Permanent Basis the Pilot Program for MarketWide Circuit Breakers, Currently Codified in Rule 

5.22). 

7See Securities Exchange Act Release No. 94705 

(April 12, 2022), 87 FR 22977 (April 18, 2022) (SR– 

CboeBYX–2022–011) (Notice of Filing and 

Immediate Effectiveness of a Proposed Rule Change 

To Adopt on a Permanent Basis the Pilot Program 

for Market-Wide Circuit Breakers, Currently 

Codified in Rule 11.18); Securities Exchange Act 

Release No. 94702 (April 12, 2022), 87 FR 23003 

(April 18, 2022) (SR–CboeBZX–2022–027) (Notice 

of Filing and Immediate Effectiveness of a Proposed 

Rule Change To Adopt on a Permanent Basis the 

Pilot Program for Market-Wide Circuit Breakers, 

Currently Codified in Rule 11.18); Securities 

Exchange Act Release No. 94701 (April 12, 2022), 

87 FR 22963 (April 18, 2022) (SR–CboeEDGA– 

2022–008) (Notice of Filing and Immediate 

Effectiveness of a Proposed Rule Change To Adopt 

on a Permanent Basis the Pilot Program for MarketWide Circuit Breakers, Currently Codified in Rule 

11.16); Securities Exchange Act Release No. 94699 

(April 12, 2022), 87 FR 22967 (April 18, 2022) (SR– 

CboeEDGX–2022–023) (Notice of Filing and 

Immediate Effectiveness of a Proposed Rule Change 

To Adopt on a Permanent Basis the Pilot Program 

for Market-Wide Circuit Breakers, Currently 

Codified in Rule 11.16). 

8See Exchange Rule 5.22 (‘‘Market-wide Trading 

Halts due to Extraordinary Market Volatility’’). 

9See Exchange Rule 5.22(a) (‘‘Definitions’’). A 

Market Decline means a decline in price of the S&P 

500 Index between 9:30 a.m. and 4:00 p.m. on a 

trading day as compared to the closing price of the 

S&P 500 Index for the immediately preceding 

trading day. A Level 1 Market Decline means a 

Market Decline of 7%, a Level 2 Market Decline 

means a Market Decline of 13%, and a Level 3 

Market Decline means a Market Decline of 20%. 

10See Exchange Rule 5.22(b) (‘‘Halts in Trading’’). 

The Exchange shall halt trading in all stock or stock 

options for 15 minutes if a Level 1 or Level 2 

Market Decline occurs after 9:30 a.m. and before 

3:26 p.m. (or 12:26 p.m. in the case of an early 

scheduled close). The Exchange will not halt 

trading if a Level 1 or Level 2 Market Decline occurs 

at 3:26 p.m. (12:26 p.m. on days with an early 

scheduled close) or later. The Exchange shall halt 

Continued 

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.8 The 

proposed rule change, as modified by 

Amendment No. 1, was published for 

comment in the Federal Register on 

April 28, 2022.9 On June 3, 2022, the 

Commission extended the period for 

consideration of the proposed rule 

change to August 4, 2022.10 On June 30, 

2022, the Exchange withdrew the 

proposed rule change, as modified by 

Amendment No. 1 (SR–CboeBZX–2021– 

078). 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.11

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2022–15001 Filed 7–13–22; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–95228; File No. SR–CBOE– 

2022–035] 

Self-Regulatory Organizations; Cboe 

Exchange, Inc.; Notice of Filing and 

Immediate Effectiveness of a Proposed 

Rule Change To Amend Rule 5.22 To 

Remove Certain References to the 

Market-Wide Circuit Breaker Program 

July 8, 2022. 

Pursuant to Section 19(b)(1) of the 

Securities Exchange Act of 1934 (the 

‘‘Act’’),1 and Rule 19b–4 thereunder,2

notice is hereby given that on June 30, 

2022, Cboe Exchange, Inc. (the 

‘‘Exchange’’ or ‘‘Cboe Options’’) filed 

with the Securities and Exchange 

Commission (the ‘‘Commission’’) the 

proposed rule change as described in 

Items I and II 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’’) is filing with the 

Securities and Exchange Commission 

(the ‘‘Commission’’) a proposal to 

amend Rule 5.22 to remove certain 

references to the Market-Wide Circuit 

Breaker program. 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 Exchange proposes to amend 

Exchange Rule 5.22 to remove certain 

rule text that references the MarketWide Circuit Breaker (‘‘MWCB’’) 

program for equity securities. The 

proposed changes are intended to clarify 

the Exchange’s rules regarding trading 

halts in options due to a MWCB. In 

addition, the Exchange proposes to 

make certain non-substantive changes to 

Rule 5.22 to delete references to 

individual stocks, which no longer trade 

on the Exchange. 

MWCB Program 

On March 16, 2022, the Commission 

approved a proposal by the New York 

Stock Exchange LLC (‘‘NYSE’’) to make 

permanent the MWCB program.5 The 

Commission approved a proposal filed 

by the Exchange on April 12, 2022, to 

adopt on a permanent basis the MWCB 

pilot program.6 The Exchange’s 

affiliated equities exchanges similarly 

received approval to make permanent 

the MWCB pilot program on April 12, 

2022.7

The Exchange’s current rule regarding 

MWCB halts can be found in Rule 5.22,8

which states, ‘‘[t]he Exchange shall halt 

trading in all stocks and stock options 

whenever a market-wide trading halt 

known as a circuit breaker is initiated in 

response to extraordinary market 

conditions.’’ Rules 5.22(a) 9 and 

5.22(b) 10 describe the applicable Market 


jspears on DSK121TN23PROD with NOTICES1