Document ID: SEC-2021-1524-0001
Agency: sec
Document Type: Notice
Title: Self-Regulatory Organizations; Proposed Rule Changes: Cboe BYX Exchange, Inc.; Cboe BZX Exchange, Inc.; Cboe C2 Exchange, Inc.; et al.
Posted Date: 2021-11-02T04:00Z

[Federal Register Volume 86, Number 209 (Tuesday, November 2, 2021)]
[Notices]
[Pages 60524-60525]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-23817]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-93437; File Nos. SR-BX-2021-018; SR-C2-2021-008; SR-
CBOE-2021-030; SR-CboeBYX-2021-011; SR-CboeBZX-2021-034; SR-CboeEDGA-
2021-010; SR-CboeEDGX-2021-024; SR-GEMX-2021-03; SR-ISE-2021-08; SR-
MRX-2021-05; SR-NASDAQ-2021-029; SR-PHLX-2021-25]

Self-Regulatory Organizations; Cboe BYX Exchange, Inc.; Cboe BZX 
Exchange, Inc.; Cboe C2 Exchange, Inc.; Cboe EDGA Exchange, Inc.; Cboe 
EDGX Exchange, Inc., Cboe Exchange, Inc.; NASDAQ BX, Inc.; Nasdaq GEMX, 
LLC; Nasdaq ISE, LLC; Nasdaq MRX, LLC; NASDAQ PHLX LLC and The NASDAQ 
Stock Market LLC; Notice of Designation of Longer Period for Commission 
Action on Proceedings To Determine Whether To Approve or Disapprove 
Proposed Rule Changes To Adopt a Fee Schedule To Establish Fees for 
Industry Members Related to the National Market System Plan Governing 
the Consolidated Audit Trail

October 27, 2021.
    On April 21, 2021, Cboe BYX Exchange, Inc., Cboe BZX Exchange, 
Inc., Cboe C2 Exchange, Inc., Cboe EDGA Exchange, Inc., Cboe EDGX 
Exchange, Inc., Cboe Exchange, Inc., NASDAQ BX, Inc., Nasdaq GEMX, LLC, 
Nasdaq ISE, LLC, Nasdaq MRX, LLC, NASDAQ PHLX LLC, The NASDAQ Stock 
Market LLC (collectively, the ``Nasdaq and Cboe Participants'') 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\ proposed rule changes \3\ to adopt a 
fee schedule to

[[Page 60525]]

establish fees for Industry Members \4\ related to the National Market 
System Plan Governing the Consolidated Audit Trail (``CAT NMS 
Plan'').\5\ The proposed rule changes were immediately effective upon 
filing with the Commission pursuant to Section 19(b)(3)(A) of the 
Act.\6\ The proposed rule changes were published for comment in the 
Federal Register on May 10, 2021.\7\ On June 17, 2021, the Commission 
temporarily suspended and initiated proceedings to determine whether to 
approve or disapprove the proposed rule changes.\8\ The Commission has 
received no comments on the proposed rule changes.
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ Securities Exchange Act Release Nos. 91750 (May 4, 2021), 86 
FR 25045 (May 10, 2021) (SR-BX-2021-018); 91751 (May 4, 2021), 86 FR 
24941 (May 10, 2021) (SR-PHLX-2021-25); 91752 (May 4, 2021), 86 FR 
24921 (May 10, 2021) (SR-NASDAQ-2021-029); 91753 (May 4, 2021), 86 
FR 24994 (May 10, 2021) (SR-MRX-2021-05); 91755 (May 4, 2021), 86 FR 
25035 (May 10, 2021) (SR-ISE-2021-08); 91756 (May 4, 2021), 86 FR 
24979 (May 10, 2021) (SR-GEMX-2021-03); 91757 (May 4, 2021), 86 FR 
24911 (May 10, 2021) (SR-C2-2021-008); 91758 (May 4, 2021), 86 FR 
25004 (May 10, 2021) (SR-CboeEDGX-2021-024); 91759 (May 4, 2021), 86 
FR 24956 (May 10, 2021) (SR-CboeEDGA-2021-010); 91760 (May 4, 2021), 
86 FR 24966 (May 10, 2021) (SR-CBOE-2021-030); 91761 (May 4, 2021), 
86 FR 25016 (May 10, 2021) (SR-CboeBYX-2021-011); and 91762 (May 4, 
2021), 86 FR 24931 (May 10, 2021) (SR-CboeBZX-2021-034).
    \4\ The CAT NMS Plan defines ``Industry Member'' as ``a member 
of a national securities exchange or a member of a national 
securities association.'' See CAT NMS Plan, infra note 5, at Section 
1.1.
    \5\ The CAT NMS Plan is a national market system plan approved 
by the Commission pursuant to Section 11A of the Act and the rules 
and regulations thereunder. See Securities Exchange Act Release No. 
79318 (November 15, 2016), 81 FR 84696 (November 23, 2016).
    \6\ 15 U.S.C. 78s(b)(3)(A). A proposed rule change may take 
effect upon filing with the Commission if it is designated by the 
exchange as ``establishing or changing a due, fee, or other charge 
imposed by the self-regulatory organization on any person, whether 
or not the person is a member of the self-regulatory organization.'' 
15 U.S.C. 78s(b)(3)(A)(ii).
    \7\ See supra note 3.
    \8\ Securities Exchange Act Release No. 92207, 86 FR 33448 (June 
24, 2021).
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    Section 19(b)(2) of the Act \9\ provides that, after instituting 
proceedings, the Commission shall issue an order approving or 
disapproving a proposed rule change not later than 180 days after the 
date of publication of notice of filing of the proposed rule 
change.\10\ The Commission may, however, extend the period for issuing 
an order approving or disapproving the proposed rule change by not more 
than 60 days if the Commission determines that a longer period is 
appropriate and publishes the reasons for such determination.\11\ The 
180th day for the proposed rule changes is November 6, 2021.
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    \9\ 15 U.S.C 78s(b)(2).
    \10\ 15 U.S.C. 78s(b)(2)(B)(ii)(I).
    \11\ 15 U.S.C. 78s(b)(2)(B)(ii)(II)(aa).
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    The Commission is extending the 180-day time period for Commission 
action on each of the proposed rule changes. The Commission finds it 
appropriate to designate a longer period within which to issue an order 
approving or disapproving the proposed rule changes so that it has 
sufficient time to consider the proposed rule changes.
    Accordingly, the Commission, pursuant to Section 19(b)(2) of the 
Act,\12\ designates January 5, 2022 as the date by which the Commission 
shall either approve or disapprove the proposed rule changes (File Nos. 
SR-BX-2021-018; SR-C2-2021-008; SR-CBOE-2021-030; SR-CboeBYX-2021-011; 
SR-CboeBZX-2021-034; SR-CboeEDGA-2021-010; SR-CboeEDGX-2021-024; SR-
GEMX-2021-03; SR-ISE-2021-08; SR-MRX-2021-05; SR-NASDAQ-2021-029; SR-
PHLX-2021-25).
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    \12\ 15 U.S.C. 78s(b)(2).
    \13\ 17 CFR 200.30-3(a)(57).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\13\
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2021-23817 Filed 11-1-21; 8:45 am]
BILLING CODE 8011-01-P