Document ID: SEC-2021-0921-0001
Agency: sec
Document Type: Notice
Title: Self-Regulatory Organizations; Proposed Rule Changes: Cboe BZX Exchange, Inc.
Posted Date: 2021-07-01T04:00Z

[Federal Register Volume 86, Number 124 (Thursday, July 1, 2021)]
[Notices]
[Page 35143]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-14013]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-92268; File No. SR-CboeBZX-2021-036]

Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of 
Designation of a Longer Period for Commission Action on a Proposed Rule 
Change To Exclude a National Best Bid or Offer From the Calculation of 
the BZX Official Closing Price, as Provided in Rule 
11.23(c)(2)(B)(ii)(b), That Is Outside the Bands Provided Under the 
Plan To Address Extraordinary Market Volatility

June 25, 2021.
    On April 29, 2021, Cboe BZX Exchange, Inc. (``Exchange'' or 
``BZX'') 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 exclude a National Best Bid or Offer \3\ 
(``NBBO'') from the calculation of the BZX Official Closing Price, as 
provided in Rule 11.23(c)(2)(B)(ii)(b), that is outside the bands 
provided under the Plan to Address Extraordinary Market Volatility 
(``Limit Up-Limit Down'' or ``LULD'' Plan).\4\ The proposed rule change 
was published for comment in the Federal Register on May 18, 2021.\5\
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ See BZX Rule 1.5(o).
    \4\ See Securities Exchange Act No. 88704 (April 21, 2020) 85 FR 
23383 (April 27, 2020) (File No. 4-634) (Amendment No. 20 Approval 
Order).
    \5\ See Securities Exchange Act Release No. 91875 (May 12, 
2021), 86 FR 26982 (May 18, 2021) (SR-CboeBZX-2021-036) 
(``Notice'').
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    Section 19(b)(2) of the Act \6\ provides that within 45 days of the 
publication of notice of the filing of a proposed rule change, or 
within such longer period up to 90 days as the Commission may designate 
if it finds such longer period to be appropriate and publishes its 
reasons for so finding, or as to which the self-regulatory organization 
consents, the Commission shall either approve the proposed rule change, 
disapprove the proposed rule change, or institute proceedings to 
determine whether the proposed rule change should be disapproved. The 
45th day after publication of the Notice for this proposed rule change 
is July 2, 2021.
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    \6\ 15 U.S.C. 78s(b)(2).
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    The Commission is extending the 45-day time period for Commission 
action on the proposed rule change. The Commission finds it appropriate 
to designate a longer period within which to take action on the 
proposed rule change so that it has sufficient time to consider the 
proposed rule change.
    Accordingly, pursuant to Section 19(b)(2) of the Act,\7\ the 
Commission designates August 16, 2021 as the date by which the 
Commission shall either approve or disapprove, or institute proceedings 
to determine whether to disapprove, the proposed rule change (File No. 
SR-CboeBZX-2021-036).
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    \7\ Id.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\8\
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    \8\ 17 CFR 200.30-3(a)(31).
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J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2021-14013 Filed 6-30-21; 8:45 am]
BILLING CODE 8011-01-P