Document ID: SEC-2023-1099-0001
Agency: sec
Document Type: Notice
Title: Self-Regulatory Organizations; Proposed Rule Changes: Nasdaq PHLX, LLC
Posted Date: 2023-10-02T04:00Z

[Federal Register Volume 88, Number 189 (Monday, October 2, 2023)]
[Notices]
[Page 67846]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-21619]

[[Page 67846]]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-98528; File No. SR-PHLX-2023-40]

Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Filing 
of Proposed Rule Change To Amend Equity 4, Rules 3301A and 3301B To 
Establish New ``Contra Midpoint Only'' and ``Contra Midpoint Only With 
Post-Only'' Order Types and To Make Other Corresponding Changes to the 
Rulebook

September 26, 2023.
    On August 28, 2023, Nasdaq PHLX LLC (``Phlx'' 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 Equity 4, Rules 3301A and 3301B \3\ to establish new ``Contra 
Midpoint Only'' and ``Contra Midpoint Only with Post-Only'' Order 
Types, and to make other corresponding changes to the Rulebook. The 
proposed rule change was published for comment in the Federal Register 
on September 8, 2023.\4\ The Commission received no comments on the 
proposed rule change.
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ References herein to Phlx Rules in the 3000 Series shall 
mean Rules in Phlx Equity 4.
    \4\ See Securities Exchange Act Release No. 98280 (September 1, 
2023), 88 FR 62129.
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    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 (i) as the Commission may 
designate if it finds such longer period to be appropriate and 
publishes its reasons for so finding or (ii) 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 October 23, 2023. The Commission is 
extending this 45-day time period.
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    \5\ 15 U.S.C. 78s(b)(2).
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    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 December 7, 2023, 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-PHLX-2023-
40).
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    \6\ Id.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\7\
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    \7\ 17 CFR 200.30-3(a)(31).
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Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023-21619 Filed 9-29-23; 8:45 am]
BILLING CODE 8011-01-P