Document ID: SEC-2022-0784-0001
Agency: sec
Document Type: Notice
Title: Self-Regulatory Organizations; Proposed Rule Changes: BOX Exchange, LLC
Posted Date: 2022-06-09T04:00Z

[Federal Register Volume 87, Number 111 (Thursday, June 9, 2022)]
[Notices]
[Page 35273]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-12402]

[[Page 35273]]

-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-95037; File No. SR-BOX-2022-08]

Self-Regulatory Organizations; BOX Exchange LLC.; Notice of 
Designation of Longer Period for Commission Action on Proposed Rule 
Change To Amend Rule 12140 (Imposition of Fines for Minor Rule 
Violations) To Expand the List of Violations Eligible for Disposition 
Under the Exchange's Minor Rule Violation Plan and Update the Fine 
Schedule Applicable to Certain Minor Rule Violations

June 3, 2022.
    On March 31, 2022, BOX Exchange LLC (the ``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 Rule 
12140 (Imposition of Fines for Minor Rule Violations), to expand the 
list of violations eligible for disposition under the Exchange's Minor 
Rule Violation Plan (``MRVP'') and update the fine schedule applicable 
to minor rule violations related to certain rule violations. The 
proposed rule change was published for comment in the Federal Register 
on April 21, 2022.\3\
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ See Securities Exchange Act Release No. 94729 (April 15, 
2022), 87 FR 23893. The Commission has received one comment on the 
proposal which does not relate to the substance of the proposed rule 
change. The comment letter is available at https://www.sec.gov/comments/sr-box-2022-08/srbox202208.htm.
---------------------------------------------------------------------------

    Section 19(b)(2) of the Act \4\ 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 for this filing is June 5, 2022. The Commission is extending 
this 45-day time period.
---------------------------------------------------------------------------

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

    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,\5\ the Commission 
designates July 20, 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-BOX-2022-
08).
---------------------------------------------------------------------------

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

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\6\
---------------------------------------------------------------------------

    \6\ 17 CFR 200.30-3(a)(31).
---------------------------------------------------------------------------

J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2022-12402 Filed 6-8-22; 8:45 am]
BILLING CODE 8011-01-P