[Federal Register Volume 85, Number 77 (Tuesday, April 21, 2020)]
[Notices]
[Page 22212]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-08384]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-88647; File No. SR-CboeBYX-2019-012]


Self-Regulatory Organizations; Cboe BYX Exchange, Inc.; Notice of 
Withdrawal of a Proposed Rule Change To Introduce a Small Retail Broker 
Distribution Program

April 15, 2020.
    On August 1, 2019, Cboe BYX Exchange, Inc. (``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 amend the BYX fee schedule to introduce a Small 
Retail Broker Distribution Program. The proposed rule change was 
immediately effective upon filing with the Commission pursuant to 
Section 19(b)(3)(A) of the Act.\3\ The proposed rule change was 
published for comment in the Federal Register on August 20, 2019.\4\ 
The Commission received no comment letters regarding the proposed rule 
change. On September 30, 2019, the Commission issued an order 
temporarily suspending the proposed rule change pursuant to Section 
19(b)(3)(C) of the Act \5\ and simultaneously instituting proceedings 
under Section 19(b)(2)(B) of the Act \6\ to determine whether to 
approve or disapprove the proposed rule change (``OIP'').\7\ The 
Commission received no comment letters in response to the OIP. On 
February 12, 2020, pursuant to Section 19(b)(2) of the Act,\8\ the 
Commission designated a longer period within which to approve or 
disapprove the proposed rule change.\9\ On April 9, 2020, the Exchange 
withdrew the proposed rule change (SR-CboeBYX-2019-012).
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ 15 U.S.C. 78s(b)(3)(A).
    \4\ See Securities Exchange Act Release No. 86670 (August 14, 
2019), 84 FR 43207 (August 20, 2019).
    \5\ 15 U.S.C. 78s(b)(3)(C).
    \6\ 15 U.S.C. 78s(b)(2)(B).
    \7\ See Securities Exchange Act Release No. 87166 (September 30, 
2019), 84 FR 53197 (October 4, 2019).
    \8\ 15 U.S.C. 78s(b)(2).
    \9\ See Securities Exchange Act Release No. 88179 (February 12, 
2020), 85 FR 9505 (February 19, 2020).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\10\
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    \10\ 17 CFR 200.30-3(a)(57) and (58).
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J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020-08384 Filed 4-20-20; 8:45 am]
BILLING CODE 8011-01-P


