Document ID: SEC-2020-0914-0001
Agency: sec
Document Type: Notice
Title: Self-Regulatory Organizations; Proposed Rule Changes: BOX Exchange, LLC
Posted Date: 2020-06-10T04:00Z

[Federal Register Volume 85, Number 112 (Wednesday, June 10, 2020)]
[Notices]
[Pages 35458-35459]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-12523]

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

SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-89018; File No. SR-BOX-2019-19]

Self-Regulatory Organizations; BOX Exchange LLC; Notice of 
Withdrawal of a Proposed Rule Change, as Modified by Amendment No. 2, 
To Adopt Rules Governing the Trading of Equity Securities on the 
Exchange Through a Facility of the Exchange Known as the Boston 
Security Token Exchange LLC

June 4, 2020.
    On September 27, 2019, BOX Exchange LLC (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 adopt rules 
governing the listing and trading of equity securities that would be 
NMS stocks on the Exchange through a facility of the Exchange known as 
the Boston Security

[[Page 35459]]

Token Exchange LLC. The proposed rule change was published for comment 
in the Federal Register on October 18, 2019.\3\
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ See Securities Exchange Act Release No. 87287 (October 11, 
2019), 84 FR 56022 (October 18, 2019) (``Original Notice'').
---------------------------------------------------------------------------

    On November 29, 2019, 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\ On December 26, 2019, the Exchange filed Amendment No. 
1 to the proposed rule change, which amended the proposed rule change 
as originally filed.\6\ On January 16, 2020, the Commission published 
Amendment No. 1 for notice and comment and instituted proceedings to 
determine whether to approve or disapprove the proposed rule change, as 
modified by Amendment No. 1.\7\ On February 19, 2020, the Exchange 
filed Amendment No. 2 to the proposed rule change, which replaced and 
superseded the proposed rule change as originally filed.\8\ The 
Commission published the proposed rule change, as modified by Amendment 
No. 2, for comment in the Federal Register on March 6, 2020.\9\ On 
April 14, 2020, the Commission designated a longer period for 
Commission action on the proposed rule change, as modified by Amendment 
No. 2.\10\
---------------------------------------------------------------------------

    \4\ 15 U.S.C. 78s(b)(2).
    \5\ See Securities Exchange Act Release No. 87641 (November 29, 
2019), 84 FR 66701 (December 5, 2019). The Commission designated 
January 16, 2020 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\ When the Exchange filed Amendment No. 1 to BOX-2019-19, it 
also submitted the text of the partial amendment as a comment letter 
to the filing, which the Commission made publicly available at 
https://www.sec.gov/comments/sr-box-2019-19/srbox201919-6613675-202939.pdf (``Amendment No. 1'').
    \7\ See Securities Exchange Act Release No. 88002 (January 16, 
2020), 85 FR 4040 (January 23, 2020) (``Order Instituting 
Proceedings'' or ``OIP'').
    \8\ In filing Amendment No. 2, the Exchange responded to 
questions raised in comment letters and the OIP. See Letter from 
Lisa Fall, President, BOX Exchange LLC, to Vanessa Countryman, 
Secretary, Commission, dated February 19, 2020, available at https://www.sec.gov/comments/sr-box-2019-19/srbox201919-6840937-208871.pdf.
    \9\ See Securities Exchange Act Release No. 88300 (February 28, 
2020), 85 FR 13242 (March 6, 2020) (``Amendment No. 2''). Comments 
on the proposed rule change can be found at: https://www.sec.gov/comments/sr-box-2019-19/srbox201919.htm. The Exchange submitted 
responses to comment letters and OIP, which the Commission made 
publicly available at https://www.sec.gov/comments/sr-box-2019-19/srbox201919-7055631-215391.pdf; https://www.sec.gov/comments/sr-box-2019-19/srbox201919-7117370-216029.pdf.
    \10\ See Securities Exchange Act Release No. 88634 (April 14, 
2020), 85 FR 21906 (April 20, 2020). The Commission designated June 
14, 2020 as the date by which the Commission shall either approve or 
disapprove the proposed rule change, as modified by Amendment No. 2.
---------------------------------------------------------------------------

    On May 12, 2020, the Exchange withdrew the proposed rule change 
(SR-BOX-2019-19).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\11\
---------------------------------------------------------------------------

    \11\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------

J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020-12523 Filed 6-9-20; 8:45 am]
BILLING CODE 8011-01-P