Document ID: SEC-2019-0051-0001
Agency: sec
Document Type: Notice
Title: Self-Regulatory Organizations; Proposed Rule Changes: Cboe BYX Exchange, Inc.
Posted Date: 2019-01-31T05:00Z

[Federal Register Volume 84, Number 21 (Thursday, January 31, 2019)]
[Notices]
[Page 867]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-00482]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-84972; File No. SR-CboeBYX-2018-014]

Self-Regulatory Organizations; Cboe BYX Exchange, Inc.; Notice of 
Designation of Longer Period for Commission Action on Proposed Rule 
Change To Make Permanent Rule 11.24, Which Sets Forth the Exchange's 
Pilot Retail Price Improvement Program

December 26, 2018.
    On July 30, 2018, Cboe BYX Exchange, Inc. (the ``Exchange'' or 
``BYX'') 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 make permanent Rule 11.24, which sets forth the 
Exchange's pilot Retail Price Improvement Program. The proposed rule 
change was published for comment in the Federal Register on August 17, 
2018.\3\ On September 27, 2018, 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 
disapprove the proposed rule change.\4\ On November 15, 2018, the 
Commission instituted proceedings under Section 19(b)(2)(B) of the Act 
\5\ to determine whether to approve or disapprove the proposed rule 
change.\6\ The Commission has received no comments on the proposal.
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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. 83831 (August 13, 
2018), 83 FR 41128.
    \4\ See Securities Exchange Act Release No. 84297, 83 FR 49959 
(October 3, 2018). The Commission designated November 15, 2018, as 
the date by which the Commission shall approve or disapprove, or 
institute proceedings to determine whether to disapprove, the 
proposed rule change.
    \5\ 15 U.S.C. 78(s)(b)(2)(B).
    \6\ See Securities Exchange Act Release No. 84600, 83 FR 58802 
(November 21, 2018).
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    Section 19(b)(2) of the Act \7\ provides that, after initiating 
proceedings, the Commission shall issue an order approving or 
disapproving the proposed rule change not later than 180 days after the 
date of publication of notice of filing of the proposed rule change. 
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. The proposed rule 
change was published for notice and comment in the Federal Register on 
August 17, 2018.\8\ February 13, 2019 is 180 days from that date, and 
April 14, 2019 is 240 days from that date. The Commission finds it 
appropriate to designate a longer period within which to issue an order 
approving or disapproving the proposed rule change so that it has 
sufficient time to consider the proposed rule change.\9\
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    \7\ 15 U.S.C. 78s(b)(2).
    \8\ See supra note 3.
    \9\ The Commission notes that on December 11, 2018, the Exchange 
filed a proposed rule change to extend the pilot period to June 30, 
2019. See Securities Exchange Act Release No. 84830, 83 FR 65769 
(December 21, 2018) (SR-CboeBYX-2018-025).
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    Accordingly, the Commission, pursuant to Section 19(b)(2) of the 
Act,\10\ a designates April 14, 2019, as the date by which the 
Commission shall approve or disapprove the proposed rule change (File 
No. SR-CboeBYX-2018-014).
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    \10\ 15 U.S.C. 78s(b)(2).
    \11\ 17 CFR 200.30-3(a)(31).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\11\
Eduardo A. Aleman,
Deputy Secretary.
[FR Doc. 2019-00482 Filed 1-30-19; 8:45 am]
 BILLING CODE 8011-01-P