Document ID: SEC-2020-1861-0001
Agency: sec
Document Type: Notice
Title: Order: Investors Exchange, LLC
Posted Date: 2020-11-19T05:00Z

[Federal Register Volume 85, Number 224 (Thursday, November 19, 2020)]
[Notices]
[Pages 73835-73836]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-25508]

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

SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-90429/November 13, 2020]

 Order Setting Aside the Order by Delegated Authority Approving 
SR-IEX-2018-06; In the Matter of Investors Exchange LLC, 3 World Trade 
Center 58th Floor, New York, NY 10007, File No. SR-IEX-2018-06

    On March 15, 2018, Investors Exchange LLC (the ``Exchange'' or 
``IEX'') filed with the Securities and Exchange Commission 
(``Commission''), pursuant to Section 19(b)(1) of the Securities 
Exchange Act of 1934 (``Exchange Act'') \1\ and Rule 19b-4 
thereunder,\2\ a proposed rule change to establish a new optional 
listing category on the Exchange, referred to as the ``LTSE Listings on 
IEX'' or ``LTSE Listings.'' The proposed rule change was published for 
comment in the Federal Register on April 2, 2018.\3\ On May 11, 2018, 
the Division of Trading and Markets, for the Commission pursuant to 
delegated authority, extended the time period for Commission action on 
the proposed rule change.\4\ On June 27, 2018, the Exchange filed 
Amendment No. 1 to the proposed rule change.\5\ On June 29, 2018, the 
Division of Trading and Markets, for the Commission pursuant to 
delegated authority,\6\ approved the proposed rule change, as modified 
by Amendment No. 1.\7\
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ See Securities Exchange Act Release No. 82948 (March 27, 
2018), 83 FR 14074 (SR-IEX-2018-06).
    \4\ See Securities Exchange Act Release No. 83217, 83 FR 22998 
(May 17, 2018).
    \5\ See letter from Claudia Crowley, Chief Regulatory Officer, 
Investors Exchange LLC, dated June 27, 2018, available at https://www.sec.gov/comments/sr-iex-2018/06/iex201806/3956434-167066.pdf.
    \6\ 17 CFR 200.30-3(a)(12).
    \7\ See Securities Exchange Act Release No. 83558 (June 29, 
2018), 83 FR 31614 (July 6, 2018) (``Delegated Order'').
---------------------------------------------------------------------------

    On June 29, 2018, the Secretary of the Commission notified the 
Exchange that pursuant to Rule 431 of the Commission's Rules of 
Practice,\8\ the Commission would review the Delegated Order and that 
the Delegated Order was stayed until the Commission

[[Page 73836]]

ordered otherwise.\9\ On July 20, 2018, the Commission issued a 
scheduling order allowing the filing of additional statements.\10\
---------------------------------------------------------------------------

    \8\ 17 CFR 201.431.
    \9\ See Letter from Secretary of the Commission to Sophia Lee, 
Associate General Counsel, Investors Exchange LLC, dated June 29, 
2018, available athttps://www.sec.gov/rules/sro/iex/2018/34/83558-letter-from-secretary.pdf.
    \10\ See Exchange Act Release No. 83678, 83 FR 35300 (July 25, 
2018).
---------------------------------------------------------------------------

    On August 15, 2018, IEX withdrew the proposed rule change (SR-IEX-
2018-06).\11\
---------------------------------------------------------------------------

    \11\ See letter from Claudia Crowley, Chief Regulatory Officer, 
IEX, to Brent J. Fields, Secretary, Commission, dated August 15, 
2018.
---------------------------------------------------------------------------

    Under Commission Rule of Practice 431(a), the Commission may 
``affirm, reverse, modify, set aside or remand for further proceedings, 
in whole or in part, any action made pursuant to'' delegated 
authority.\12\ We find that, in light of the IEX's withdrawal of the 
proposed rule change, it is appropriate to set aside the Delegated 
Order.
---------------------------------------------------------------------------

    \12\ 17 CFR 201.431(a).
---------------------------------------------------------------------------

    Accordingly, It is ordered that the June 29, 2018 order approving 
by delegated authority IEX's proposed rule change number SR-IEX-2018-
06, be, and it hereby is, set aside.

    By the Commission.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020-25508 Filed 11-18-20; 8:45 am]
BILLING CODE 8011-01-P