29852 Federal Register / Vol. 86, No. 105 / Thursday, June 3, 2021 / Notices 

48This commenter also urges the Commission to 

publish and provide notice of any material changes 

that the Commission is considering with respect to 

the Amendments. See NYSE Letter, supra note 43, 

at 2. The Commission has determined to approve 

the Amendments without modification. 

49 15 U.S.C. 78k–1. 

50 17 CFR 242.608. 

51 15 U.S.C. 78k–1(c)(1)(B). 

52 15 U.S.C. 78k–1. 

53 17 CFR 242.608(b)(2). 

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

2 17 CFR 240.19b–4. 

3 In separate rule filings, the Exchange intends to 

similarly align the rule numbers of the Exchange’s 

other affiliated options exchanges, Cboe BZX 

Exchange, Inc. and Cboe EDGX Exchange, Inc. with 

the rule numbers of Cboe Options and the 

Exchange. 

4The Exchange notes that certain rules are 

applicable to it and not Cboe Options, and vice 

versa. 

Primary Listing Markets may be subject 

to commercial pressures in making 

decisions to call a Regulatory Halt and 

resuming trading thereafter. 

Accordingly, the Commission believes 

that the good-faith-determination 

standard encourages Primary Listing 

Markets to consider the broader 

interests of the national market system 

with respect to declaring trading halts 

and resuming trading thereafter, thereby 

promoting the maintenance of fair and 

orderly markets and enhancing the 

protection of investors.48

For the reasons discussed, the 

Commission finds that the Amendments 

to the Plans, are consistent with the 

requirements of the Act and the rules 

and regulations thereunder, and in 

particular, Section 11A of the Act 49 and 

Rule 608 50 thereunder in that the 

Amendments are necessary or 

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. Section 11A of the Act 51 sets 

forth Congress’ finding that it is in the 

public interest and appropriate for the 

protection of investors and the 

maintenance of fair and orderly markets 

to ensure the prompt, accurate, reliable 

and fair collection, processing, 

distribution, and publication of 

information with respect to quotations 

for and transactions in such securities 

and the fairness and usefulness of the 

form and content of such information. 

The Commission believes that the 

Amendments further these goals set 

forth by Congress. 

IV. Conclusion 

It is therefore ordered, pursuant to 

Section 11A of the Act,52 and Rule 

608(b)(2) thereunder,53 that the 

Amendments to the CTA and CQ Plans 

(File No. SR–CTA/CQ–2021–01) are 

approved. 

By the Commission. 

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2021–11686 Filed 6–2–21; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–92051; File No. SR–C2– 

2021–009] 

Self-Regulatory Organizations; Cboe 

C2 Exchange, Inc.; Notice of Filing and 

Immediate Effectiveness of a Proposed 

Rule Change To Align the Exchange’s 

Rulebook With the Rulebook of Its 

Affiliated Exchange, Cboe Options, Inc. 

(‘‘Cboe Options’’) and Make Other 

Formatting Changes 

May 27, 2021. 

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 May 19, 

2021, Cboe C2 Exchange, Inc. (the 

‘‘Exchange’’ or ‘‘C2’’) filed with the 

Securities and Exchange Commission 

(the ‘‘Commission’’) the proposed rule 

change as described in Items I, II, and 

III below, which Items have been 

prepared by the Exchange. 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 C2 Exchange, Inc. (the 

‘‘Exchange’’ or ‘‘C2’’) proposes to align 

the Exchange’s rulebook with the 

rulebook of its affiliated Exchange, Cboe 

Options, Inc. (‘‘Cboe Options’’) and 

make other formatting changes. 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://markets.cboe.com/us/ 

options/regulation/rule_filings/ctwo/), 

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 align the 

numbers of its rules in the Exchange’s 

Rulebook with the numbers of the same 

(or substantially similar) rules within 

the rulebook of its affiliated exchange, 

Cboe Options.3 The Exchange believes 

aligning the numbers of its rules with 

those of the same (or substantially 

similar) rules of Cboe Options to the 

extent practicable 4 will reduce potential 

confusion for market participants. The 

below table sets forth the rules in the 

Exchange’s Rulebook, their current rule 

numbers, and the proposed rule 

numbers. As noted in the table below, 

the proposed rule change deletes certain 

reserved rule numbers and adds certain 

reserved rule numbers to maintain 

number alignment with Cboe Options 

rule numbers. 

Rule name Current rule No. Proposed new rule No. 

Definitions ................................................................................................ 1.1 .................................................. No change. 

Exchange Determinations ....................................................................... 1.2 .................................................. 1.5. 

Time ......................................................................................................... 1.3 .................................................. 1.6. 

Trading Permit Holder Fees .................................................................... 2.1 .................................................. No change. 

Exchange’s Costs of Defending Legal Proceedings ............................... 2.2 .................................................. 2.5. 

Regulatory Revenues .............................................................................. 2.3 .................................................. 2.2. 

Reserved ................................................................................................. N/A ................................................. 2.4. 

Trading Permits ....................................................................................... 3.1 5 ................................................ No change. 


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Rule name Current rule No. Proposed new rule No. 

Denial of and Conditions to Being a Permit Holder or an Associated 

Person.

3.2 .................................................. No change. 

Persons Associated with Trading Permit Holder .................................... 3.3 .................................................. No change. 

Reserved ................................................................................................. 3.4 .................................................. No change. 

Trading Permit Holders and Persons Associated with a Trading Permit 

Holder Who Are or Become Subject to a Statutory Disqualification.

3.5 .................................................. No change. 

Dissolution and Liquidation of Trading Permit Holders .......................... 3.6 .................................................. No change. 

Obligations of Terminating Trading Permit Holders ................................ 3.7 .................................................. No change. 

Responsible Person ................................................................................ 3.8 .................................................. No change. 

Integrated Billing System ........................................................................ 3.9 .................................................. 2.3. 

Letters of Guarantee and Authorization .................................................. 3.10 ................................................ 3.61. 

C2 Pledge ................................................................................................ 3.11 ................................................ 3.9. 

Maintaining Current Address ................................................................... 3.12 ................................................ 3.10. 

Educational Classes ................................................................................ 3.13 ................................................ 3.11. 

Effectiveness of a Trading Permit Holder ............................................... 3.14 ................................................ 3.12. 

Reserved ................................................................................................. N/A ................................................. 3.52 [sic]–3.59. 

Sponsored Users ..................................................................................... 3.15 ................................................ 3.60. 

Affiliation Between the Exchange and a Trading Permit Holder ............ 3.16 ................................................ 3.62. 

Cboe Trading as Outbound Router ......................................................... 3.17 ................................................ 3.63. 

Cboe Trading as Inbound Router ........................................................... 3.18 ................................................ 3.64. 

Reserved ................................................................................................. 3.19 ................................................ Deleted. 

Options Listing ......................................................................................... Chapter 4 (incorporates by reference Cboe Options Chapter 4).No change. 

Business Conduct ................................................................................... Chapter 5 (incorporates by reference Cboe Options Chapter 8).Chapter 8 (incorporates by reference Cboe Options Chapter 

8). 

Days and Hours of Business .................................................................. 6.1 .................................................. 5.1. 

Unit of Trading ......................................................................................... 6.2 .................................................. 5.2. 

Meaning of Premium Bids and Offers ..................................................... 6.3 .................................................. 5.3. 

Minimum Increments for Bids and Offers ............................................... 6.4 .................................................. 5.4. 

System Access and Connectivity ............................................................ 6.8 .................................................. 5.5. 

Entry and Cancellation of Orders ............................................................ 6.9 .................................................. 5.7. 

Reserved ................................................................................................. N/A ................................................. 5.8. 

Availability of Orders ............................................................................... 6.10 ................................................ 5.6. 

Opening Auction Process ........................................................................ 6.11 ................................................ 5.31. 

Order and Quote Book Processing, Display, Priority, and Execution .... 6.12 ................................................ 5.32. 

Complex Orders ...................................................................................... 6.13 ................................................ 5.33. 

Order and Quote Price Protection Mechanisms and Risk Controls ....... 6.14 ................................................ 5.34. 

Reserved ................................................................................................. N/A ................................................. 5.35. 

Order Routing .......................................................................................... 6.15 ................................................ 5.36. 

Binding Transactions ............................................................................... 6.26 ................................................ 5.11. 

Reserved ................................................................................................. N/A ................................................. 6.1. 

Reporting of Matched Trades to Clearing Corporation ........................... 6.27 ................................................ 6.4. 

Transaction Reports; Users’ Identities .................................................... 6.28 ................................................ 6.2. 

Reserved ................................................................................................. N/A ................................................. 6.3. 

Nullification and Adjustment of Options Transactions Including Obvious Errors.6.29 ................................................ 6.5. 

Give Up of a Clearing Trading Permit Holder ......................................... 6.30 ................................................ 5.10. 

Clearing Editor ......................................................................................... 6.31 ................................................ 6.6. 

Trading Halts ........................................................................................... 6.32 ................................................ 5.20. 

Authority to Take Action Under Emergency Conditions ......................... 6.33 ................................................ 5.23. 

Disaster Recovery ................................................................................... 6.34 ................................................ 5.24. 

Message Traffic Mitigation ...................................................................... 6.35 ................................................ 5.25. 

Equity Market Plan to Address Extraordinary Market Volatility .............. 6.39 ................................................ 5.21. 

Disclaimers and Limitations .................................................................... 6.42 ................................................ 1.10. 

Limitation on the Liability of Index Licensors for Options on Units ........ 6.43 ................................................ 1.11. 

Legal Proceedings Against the Exchange .............................................. 6.44 ................................................ 1.13.6

Limitation on Liability of Reporting Authorities for Indexes Underlying 

Options.

6.45 ................................................ 1.12. 

Order Exposure Requirements ............................................................... 6.50 ................................................ 5.9. 

Trading on Knowledge of Imminent Undisclosed Solicited Transaction 6.51 ................................................ 5.13.7

Intermarket Linkage ................................................................................. Chapter 6, Section E (incorporates 

Cboe Options Chapter 5, Section by reference).

Chapter 5, Section E (incorporates 

Cboe Options Chapter 5, Section by reference). 

Exercises and Deliveries ......................................................................... Chapter 6, Section F (incorporates 

Cboe Options Chapter 6, Section B by reference).

Chapter 6, Section B (incorporates 

Cboe Options Chapter 6, Section B by reference). 

Prohibition on Transactions Off the Exchange ....................................... 6.60 ................................................ 5.12. 

Off-Floor Transfers of Positions .............................................................. 6.61 ................................................ 6.7. 

Off-Floor RWA Transfers ........................................................................ 6.62 ................................................ 6.8. 

In-Kind Exchange of Options Positions and ETF Shares and UIT Interests.6.63 ................................................ 6.9. 


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5 In separate rule filings, the Exchange intends to 

align the membership rules included in Chapter 3 

of the Exchange’s Rulebook with the membership 

rules included in Cboe Options’ Rulebook. 6Proposed Rule 1.13 is the same as Cboe Options 

Rule 1.15. As Cboe Options Rules 1.13 and 1.14 are 

applicable to Cboe Options but not the Exchange, 

the Exchange expects Cboe Options to submit a 

separate filing to renumber Cboe Options Rule 1.15 

to Rule 1.13, and then renumber current Cboe 

Options Rules 1.13 and 1.14 to Rules 1.14 and 1.15, 

respectively. 

7The Exchange notes current Rule 6.51 (proposed 

Rule 5.13) is the same as Cboe Options Rule 5.86(e). 

As Cboe Options Rule 5.86(e) is inapplicable to C2, 

the proposed rule change moves current Rule 6.51 

to Rule 5.13, which is a rule number not currently 

in the Cboe Options rulebook. The Exchange and 

Cboe Options will consider whether additional 

changes can be made to further align this and other 

rule numbers. 8Chapter 11 of the Exchange’s Rulebook 

incorporates by reference Chapter 11 of the Cboe 

Options Rulebook, including Cboe Options Rule 

11.6, which is virtually identical to current C2 Rule 

8.8. Therefore, current C2 Rule 8.8 is redundant. 

9Currently, Chapter 13 of the Exchange Rulebook 

states that any references in Cboe Options Rule 

13.15 to Rule 2.3 are deemed to refer to C2 Rule 

3.9. Current Rule 3.9 and Cboe Options Rule 2.3 are 

identical, and with the proposed move of C2 Rule 

3.9 to Rule 2.3, that sentence in Chapter 13 is no 

longer necessary. Therefore, the proposed rule 

change deletes that sentence from Chapter 13. 

Additionally, Rule 13.15(g)(19) currently includes a 

parenthetical reference to Rule 6.34(b), which is 

also referenced in the body of that rule. The other 

C2-specific provisions in Rule 13.15 do not include 

such parenthetical reference in the rule provision 

heading, so the proposed rule change deletes that 

reference for consistency throughout the rule. 

Rule name Current rule No. Proposed new rule No. 

Regulatory Records, Reports, and Audits—General .............................. Chapter 7, Section A (incorporates 

by reference Cboe Options 

Chapter 7, Section A).

No change. 

Consolidated Audit Trail (CAT) ............................................................... Chapter 7, Section B (incorporates

by reference Cboe Options 

Chapter 7, Section B).

No change. 

Initial Market-Maker Registration ............................................................ 8.1 .................................................. 3.52. 

Market-Maker Class Appointments ......................................................... 8.2 .................................................. 5.50. 

Market-Maker Class Appointment Costs ................................................ 8.3 .................................................. 5.50(d). 

Good Standing for Market-Makers .......................................................... 8.4 .................................................. 5.53. 

Obligations of Market-Makers ................................................................. 8.5 .................................................. 5.51. 

Market-Maker Quotes .............................................................................. 8.6 .................................................. 5.52. 

Securities Accounts and Orders of Market-Makers ................................ 8.7 .................................................. 7.6. 

Financial Requirements and Arrangement for Market-Makers ............... 8.8 .................................................. Delete (Chapter 11 already incorporates an identical Cboe Options Rule by reference).8

Doing Business with the Public ............................................................... Chapter 9 (incorporates by reference Cboe Options Chapter 9).No change. 

Margin Requirements .............................................................................. Chapter 10 (incorporates by reference Cboe Options Chapter 

10).

No change. 

Net Capital Requirements ....................................................................... Chapter 11 (incorporates by reference Cboe Options Chapter 

11).

No change. 

Summary Suspension ............................................................................. Chapter 12 (incorporates by reference Cboe Options Chapter 

12).

No change. 

Discipline ................................................................................................. Chapter 13 (incorporates by reference Cboe Options Chapter 

13).

No change.9

Arbitration ................................................................................................ Chapter 14 (incorporates by reference Cboe Options Chapter 

14).

No change. 

Hearings and Review .............................................................................. Chapter 15 (incorporates by reference Cboe Options Chapter 

15).

No change. 

The proposed rule change also 

updates cross-references to reflect the 

proposed changes in the above table and 

updates chapter and section headings 

and to conform to those in the Cboe 

Options rulebook. The proposed rule 

change also corrects certain crossreferences that are currently inaccurate, 

as follows: 

Rule location of current 

inaccurate cross-reference Current cross-reference Revised/accurate cross-reference 

1.1 (definition of ‘‘Protected 

Quotation’’).

6.80 (incorrect Cboe Options rule number (which 

should be Cboe Options Rule 5.65) incorporated 

by reference into current C2 Chapter 6, Section 

E).

5.65 (Cboe Options rule number incorporated by 

reference into proposed C2 Chapter 5, Section 

E). 

1.1 (definition of ‘‘System Securities’’) Chapters 5 and 24 (should be Chapter 4) .............. Chapter 4 (incorporates by reference Cboe Options Chapter 4). 

1.1 (definition of ‘‘Unit’’) ....................... Rule 5.3, Interpretation and Policy .06 (incorrect 

Cboe Options rule number (which should be 

Cboe Options Rule 4.3, Interpretation and Policy 

.06) incorporated by reference into current C2 

Chapter 4).

Rule 4.3, Interpretation and Policy .06) (Cboe Options rule number incorporated by reference into 

C2 Chapter 4). 

6.42(f) (proposed Rule 1.10(f)) ............ Chapter 19 (should be Chapter 15, which incorporates by reference Cboe Options Chapter 15).Chapter 15 (which incorporates by reference Cboe 

Options Chapter 15). 


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10 15 U.S.C. 78f(b). 

11 15 U.S.C. 78f(b)(5). 

12 Id. 

13A significant portion of the Exchange’s 

Rulebook incorporates by reference Cboe Options 

rules and is already aligned numerically with the 

Cboe Options rulebook. The proposed rule change 

aligns the numbers of all rules and chapters in the 

Exchange’s Rulebook with those of the Cboe 

Options rulebook. 

Rule location of current 

inaccurate cross-reference Current cross-reference Revised/accurate cross-reference 

6.43(a) (proposed Rule 1.11) ............... Rule 5.3.06 (incorrect Cboe Options rule number 

(which should be Cboe Options Rule 4.3, Interpretation and Policy .06) incorporated by reference into current C2 Chapter 4).

Rule 4.3, Interpretation and Policy .06) (Cboe Options rule number incorporated by reference into 

C2 Chapter 4). 

3.1(f) ..................................................... Chapter 17 (should be Chapter 13, which incorporates by reference Cboe Options Chapter 13).Chapter 13 (which incorporates by reference Cboe 

Options Chapter 13). 

3.2(e) .................................................... Chapter 19 (should be Chapter 15, which incorporates by reference Cboe Options Chapter 15).Chapter 15 (which incorporates by reference Cboe 

Options Chapter 15). 

3.6 ........................................................ Chapter 16 (should be Chapter 12, which incorporates by reference Cboe Options Chapter 12).Chapter 12 (which incorporates by reference Cboe 

Options Chapter 12). 

3.13 (proposed Rule 3.11) ................... Rule 17.50 (incorrect Cboe Options rule number, 

which should be Cboe Options Rule 13.15 (incorporated by reference into C2 Chapter 13) 

and Chapter 17 (should be Chapter 13, which 

incorporates by reference Cboe Options Chapter 13).

Rule 13.15 and Chapter 13 (which incorporates by 

reference Cboe Options Rule 13.15 and Chapter 13, respectively). 

6.3(b) (proposed 5.3(b)) ....................... 5.7 (should be current Rule 6.2, which is proposed 

Rule 5.2).

5.2. 

6.10(c) (definition of ‘‘Cancel Back’’) ... 5.66 (incorrect Cboe Options rule, which should 

be Cboe Options Rule 5.66 (incorporated by reference into C2 Chapter 6, Section E (proposed 

C2 Chapter 5, Section E).

5.66 (Cboe Options rule incorporated by reference 

into proposed C2 Chapter 5, Section E). 

6.30(h) (proposed 5.10(h)) ................... 8.1 (correct Cboe Options rule number, but is incorporated by reference into current C2 Chapter 

5 (proposed C2 Chapter 8)).

8.1 (Cboe Options rule incorporated by reference 

into proposed C2 Chapter 8). 

6.51 (proposed 5.13) ........................... 8.1 (correct Cboe Options rule number, but is incorporated by reference into current C2 Chapter 

5 (proposed C2 Chapter 8)).

8.1 (Cboe Options rule incorporated by reference 

into proposed C2 Chapter 8). 

6.32, Interpretation and Policy .02(c) 

(proposed 5.20, Interpretation and 

Policy .02(c)).

6.1 (should be current 6.11 (proposed 5.31) .......... 5.31. 

6.61(a)(1) (proposed 6.7(a)(1)) ............ 8.5 and 8.14 (correct Cboe Options rule numbers, 

but is incorporated by reference into current C2 

Chapter 5 (proposed C2 Chapter 8)).

8.5 and 8.14 (Cboe Options rules incorporated by 

reference into proposed C2 Chapter 8). 

Chapter 7, Section B ............................ Section F of Cboe Options Chapter VI (should be 

Section B of Cboe Options Chapter 6).

Section B of Cboe Options Chapter 6 [sic]. 

The proposed rule change makes no 

substantive changes to any rule text. 

2. Statutory Basis 

The Exchange believes the proposed 

rule change is consistent with the 

Securities Exchange Act of 1934 (the 

‘‘Act’’) and the rules and regulations 

thereunder applicable to the Exchange 

and, in particular, the requirements of 

Section 6(b) of the Act.10 Specifically, 

the Exchange believes the proposed rule 

change is consistent with the Section 

6(b)(5) 11 requirements that the rules of 

an exchange be designed to prevent 

fraudulent and manipulative acts and 

practices, to promote just and equitable 

principles of trade, to foster cooperation 

and coordination with persons engaged 

in regulating, clearing, settling, 

processing information with respect to, 

and facilitating transactions in 

securities, to remove impediments to 

and perfect the mechanism of a free and 

open market and a national market 

system, and, in general, to protect 

investors and the public interest. 

Additionally, the Exchange believes the 

proposed rule change is consistent with 

the Section 6(b)(5) 12 requirement that 

the rules of an exchange not be designed 

to permit unfair discrimination between 

customers, issuers, brokers, or dealers. 

In particular, the Exchange believes 

the proposed rule change will remove 

impediments to and perfect the 

mechanism of a free and open market 

and a national market system, and, in 

general, to protect investors and the 

public interest by aligning the numbers 

and format of the Exchange’s rules 

within its Rulebook with the rule 

numbers of the same rules in the 

rulebook of Cboe Options, which is 

affiliated with the Exchange.13 The 

Exchange believes consistent numbering 

(and chapter and section headings) 

among rulebooks of affiliated exchanges 

for rules (and chapter and section 

headings) that are the same (or 

substantially similar) may simplify the 

rulebooks of the Exchange and its 

affiliated exchanges as well as reduce 

confusion among participants of the 

Exchange that are also participants on 

Cboe Options. The Exchange believes 

this consistency will foster cooperation 

and coordination with persons engaged 

in facilitating transactions in securities. 

B. Self-Regulatory Organization’s 

Statement on Burden on Competition 

The Exchange does not believe that 

the proposed rule change will impose 

any burden on competition that is not 

necessary or appropriate in furtherance 

of the purposes of the Act. The 

proposed rule change has no 

competitive impact, as it merely 

changes the numbers of certain rules 

(and updates cross-references, as 

appropriate) and chapter and section 

heading names and font, but makes no 

substantive changes to any rule text. 

C. Self-Regulatory Organization’s 

Statement on Comments on the 

Proposed Rule Change Received From 

Members, Participants, or Others 

The Exchange neither solicited nor 

received comments on the proposed 

rule change. 


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14 15 U.S.C. 78s(b)(3)(A). 

15 17 CFR 240.19b–4(f). 

16 17 CFR 200.30–3(a)(12). 

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

2 17 CFR 240.19b–4. 

3Exchange-Traded Fund Share shall include 

shares or other securities that are traded on a 

national securities exchange and are defined as an 

‘‘NMS stock’’ under Rule 600 of Regulation NMS, 

and that (i) represent interests in registered 

investment companies (or series thereof) organized 

as open-end management investment companies, 

unit investment trusts or similar entities, that hold 

portfolios of securities and/or financial instruments 

including, but not limited to, stock index futures 

contracts, options on futures, options on securities 

and indexes, equity caps, collars and floors, swap 

agreements, forward contracts, repurchase 

agreements and reverse repurchase agreements 

comprising or otherwise based on or representing 

investments in broad-based indexes or portfolios of 

securities and/or Financial Instruments and Money 

Market Instruments (the ‘‘Money Market 

Instruments’’) (comprising or otherwise based on or 

representing investments in broad-based indexes or 

portfolios of securities and/or Financial Instruments 

and Money Market Instruments (or that hold 

securities in one or more other registered 

investment companies that themselves hold such 

portfolios of securities and/or Financial Instruments 

and Money Market Instruments); or (ii) represent 

interests in a trust that holds a specified non-U.S. 

currency deposited with the trust or similar entity 

III. Date of Effectiveness of the 

Proposed Rule Change and Timing for 

Commission Action 

The foregoing rule change has become 

effective pursuant to Section 19(b)(3)(A) 

of the Act 14 and paragraph (f) of Rule 

19b–4 15 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– 

C2–2021–009 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–C2–2021–009. 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–C2–2021–009 and should 

be submitted on or before June 24, 2021. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.16

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2021–11609 Filed 6–2–21; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–92072; File No. SR–BOX– 

2021–12] 

Self-Regulatory Organizations; BOX 

Exchange LLC; Notice of Filing of 

Proposed Rule Change To Amend BOX 

Rule 5050 (Series of Options Contracts 

Open for Trading) To Limit Short Term 

Options Series Intervals 

May 28, 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 May 18, 

2021, BOX Exchange LLC (the 

‘‘Exchange’’) filed with the Securities 

and Exchange Commission 

(‘‘Commission’’) the proposed rule 

change as described in Items I and II 

below, which Items have been prepared 

by the self-regulatory organization. The 

Commission is publishing this notice to 

solicit comments on the proposed rule 

from interested persons. 

I. Self-Regulatory Organization’s 

Statement of the Terms of Substance of 

the Proposed Rule Change 

The Exchange proposes to amend 

BOX Rule 5050 (Series of Options 

Contracts Open for Trading). This 

proposal seeks to limit Short Term 

Options Series intervals between strikes 

which are available for quoting and 

trading on BOX. The text of the 

proposed rule change is available from 

the principal office of the Exchange, at 

the Commission’s Public Reference 

Room and also on the Exchange’s 

internet website at http://

boxoptions.com. 

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 

self-regulatory organization 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 self-regulatory organization 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 

Rule 5050, ‘‘Series of Options Contracts 

Open for Trading.’’ Specifically, this 

proposal seeks to limit the intervals 

between strikes for multiply listed 

equity options classes within the Short 

Term Options Series program that have 

an expiration date more than twentyone days from the listing. 

Background 

Today, BOX’s listing rules within 

Rule 5050 permits the Exchange, after a 

particular class of options (call option 

contracts or put option contracts 

relating to a specific underlying stock, 

Exchange-Traded Fund Share,3 or 


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