Document ID: SEC-2019-1867-0001
Agency: sec
Document Type: Notice
Title: Self-Regulatory Organizations; Proposed Rule Changes: Cboe BZX Exchange, Inc.
Posted Date: 2019-12-13T05:00Z

[Federal Register Volume 84, Number 240 (Friday, December 13, 2019)]
[Notices]
[Page 68197]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-26838]

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

SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-87688; File No. SR-CboeBZX-2019-041]

Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of 
Withdrawal of a Proposed Rule Change To Amend the Fee Schedule Assessed 
on Members To Establish a Monthly Trading Rights Fee

December 9, 2019.
    On May 2, 2019, Cboe BZX Exchange, Inc. (``BZX'' or 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 the BZX Fee Schedule to establish a 
monthly Trading Rights Fee to be assessed on Members.\3\ The proposed 
rule change was immediately effective upon filing with the Commission 
pursuant to Section 19(b)(3)(A) of the Act.\4\ The proposed rule change 
was published for comment in the Federal Register on May 16, 2019.\5\ 
On June 28, 2019, the Commission temporarily suspended the proposed 
rule change and instituted proceedings to determine whether to approve 
or disapprove the proposed rule change.\6\ In response to the BZX OIP, 
the Commission received three comment letters, including a response 
letter from the Exchange.\7\ On November 12, 2019, pursuant to Section 
19(b)(2) of the Act,\8\ the Commission designated a longer period 
within which to approve or disapprove the proposed rule change.\9\ On 
November 22, 2019, the Exchange withdrew the proposed rule change (SR-
CboeBZX-2019-041).
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ The Commission notes that BZX initially filed the proposed 
rule change on April 29, 2019 (SR-CboeBZX-2019-036). On May 2, 2019, 
BZX withdrew that filing and submitted the present proposal (SR-
CboeBZX-2019-041).
    \4\ 15 U.S.C. 78s(b)(3)(A).
    \5\ See Securities Exchange Act Release No. 85840 (May 10, 
2019), 84 FR 22190.
    \6\ See Securities Exchange Act Release No. 86233, 84 FR 32230 
(July 05, 2019) (``BZX OIP'').
    \7\ See Letters from Theodore R. Lazo, Managing Director and 
Associate General Counsel, SIFMA, dated July 26, 2019; Tyler 
Gellasch, Executive Director, Healthy Markets, dated July 26, 2019; 
and Rebecca Tenuta, Counsel, Cboe Global Markets, dated August 9, 
2019.
    \8\ 15 U.S.C. 78s(b)(2).
    \9\ See Securities Exchange Act Release No. 87500, 84 FR 63700 
(November 18, 2019). The Commission designated January 11, 2020, 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.\10\
---------------------------------------------------------------------------

    \10\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------

Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2019-26838 Filed 12-12-19; 8:45 am]
BILLING CODE 8011-01-P