[Federal Register Volume 84, Number 154 (Friday, August 9, 2019)]
[Notices]
[Pages 39385-39386]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-17046]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-86567; File No. SR-CboeEDGA-2019-012]


Self-Regulatory Organizations; Cboe EDGA Exchange, Inc.; Notice 
of Designation of Longer Period for Commission Action on a Proposed 
Rule Change To Introduce a Liquidity Provider Protection on EDGA

August 5, 2019.
    On June 7, 2019, Cboe EDGA Exchange, Inc. (the ``Exchange'' or 
``EDGA'') 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 
proposal to introduce a delay mechanism on EDGA. The proposed rule 
change was published for comment in the Federal Register on June 26, 
2019.\3\ The Commission has received fourteen comments on the proposed 
rule change.\4\
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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. 86168 (June 20, 
2019), 84 FR 30282.
    \4\ See Letters from R.T. Leuchtkafer, dated July 12, 2019; 
Steve Crutchfield, Head of Market Structure, CTC Trading Group, LLC, 
dated July 15, 2019; Tyler Gellasch, Executive Director, Healthy 
Markets, dated July 16, 2019; Larry Tabb, Founder and Research 
Chairman, TABB Group, dated July 16, 2019; Stephen John Berger, 
Managing Director, Global Head of Government and Regulatory Policy, 
Citadel Securities, dated July 16, 2019; Mehmet Kinak, Vice 
President & Global Head of Systematic Trading & Market Structure, 
and Jonathan D. Siegel, Vice President & Senior Legal Counsel 
(Legislative & Regulatory Affairs), T. Rowe Price, dated July 16, 
2019; Adam Nunes, Head of Business Development, Hudson River Trading 
LLC, dated July 16, 2019; Joanna Mallers, Secretary, FIA Principal 
Traders Group, dated July 16, 2019; Ray Ross, Chief Technology 
Officer, Clearpool, dated July 16, 2019; Eric Swanson, CEO, XTX 
Markets LLC (Americas), dated July 16, 2019; John Thornton, Co-
Chair, Hal S. Scott, President, and R. Glenn Hubbard, Co-Chair, 
Committee on Capital Markets Regulation, dated July 16, 2019; 
Kirsten Wegner, Chief Executive Officer, Modern Markets Initiative, 
dated July 17, 2019; Theodore R. Lazo, Managing Director and 
Associate General Counsel, SIFMA, dated July 18, 2019; Eric Swanson, 
CEO, XTX Markets LLC (Americas), dated July 31, 2019, available at 
https://www.sec.gov/comments/sr-cboeedga-2019-012/srcboeedga2019012.htm.
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    Section 19(b)(2) of the Act \5\ provides that, within 45 days of 
the publication of the 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 August 10, 2019.
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    \5\ 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 that it is 
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,\6\ the Commission designates September 24, 2019 as the date by 
which the Commission shall either approve, disapprove, or institute 
proceedings to determine whether to

[[Page 39386]]

disapprove, the proposed rule change (File No. SR-CboeEDGA-2019-012).
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    \6\ 15 U.S.C. 78s(b)(2)(A)(ii)(I).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\7\
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    \7\ 17 CFR 200.30-3(a)(31).
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Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2019-17046 Filed 8-8-19; 8:45 am]
 BILLING CODE 8011-01-P


