Document ID: SEC-2023-1225-0001
Agency: sec
Document Type: Notice
Title: Self-Regulatory Organizations; Proposed Rule Changes: Miami International Securities Exchange, LLC
Posted Date: 2023-10-25T04:00Z

[Federal Register Volume 88, Number 205 (Wednesday, October 25, 2023)]
[Notices]
[Pages 73387-73388]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-23497]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-98772; File No. SR-MIAX-2023-19]

Self-Regulatory Organizations; Miami International Securities 
Exchange LLC; Notice of Withdrawal of a Proposed Rule Change To Amend 
Exchange Rule 307, Position Limits

October 19, 2023.
    On April 21, 2023, Miami International Securities Exchange LLC 
(``MIAX'' or ``Exchange'') filed with the Securities and Exchange 
Commission (the ``Commission''), pursuant to Section 19(b)(1) of the 
Securities Exchange Act of 1934 (the ``Act''),\1\ and Rule 19b-4 
thereunder,\2\ a proposed rule change to amend Exchange Rule 307, 
Position Limits, to establish a process for adjusting option position 
limits following a stock split or reverse stock split in the underlying 
security. The proposed rule change was published for comment in the 
Federal Register on

[[Page 73388]]

May 8, 2023.\3\ On June 14, 2023, 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 approve or disapprove 
the proposed rule change.\5\ The Commission received one comment 
regarding the proposal.\6\
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ See Securities Exchange Act Release No. 97421 (May 2, 2023), 
88 FR 29725 (May 8, 2023).
    \4\ 15 U.S.C. 78s(b)(2).
    \5\ See Securities Exchange Act Release No. 97727 (June 14, 
2023), 88 FR 40366 (June 21, 2023). The Commission designated August 
6, 2023, as the date by which the Commission shall approve or 
disapprove, or institute proceedings to determine whether to approve 
or disapprove, the proposed rule change.
    \6\ See letter from Ellen Greene, Managing Director, Equities & 
Options Market Structure, SIFMA, to Vanessa Countryman, Secretary, 
Commission, dated July 5, 2023.
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    On August 2, 2023, the Commission instituted proceedings under 
Section 19(b)(2)(B) of the Act \7\ to determine whether to approve or 
disapprove the proposed rule change. On September 26, 2023, the 
Commission designated a longer period within which to determine to 
approve or disapprove the proposed rule change.\8\ On October 12, 2023, 
the Exchange withdrew the proposed rule change (SR-MIAX-2023-19).
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    \7\ 15 U.S.C. 78s(b)(2)(B).
    \8\ See Securities Exchange Act Release No. 34-98541 (Sept. 26, 
2023), 88 FR 67834 (Oct. 2, 2023). The Commission designated January 
3, 2024, as the date by which the Commission would approve or 
disapprove the proposed rule change.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\9\
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    \9\ 17 CFR 200.30-3(a)(12).
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Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023-23497 Filed 10-24-23; 8:45 am]
BILLING CODE 8011-01-P