[Federal Register Volume 87, Number 111 (Thursday, June 9, 2022)]
[Notices]
[Page 35272]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-12399]


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

SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-95034; File No. SR-CboeBZX-2021-078]


Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of 
Designation of a Longer Period for Commission Action on Proceedings To 
Determine Whether To Approve or Disapprove a Proposed Rule Change, as 
Modified by Amendment No. 1, To Introduce a New Data Product To Be 
Known as the Short Volume Report

June 3, 2022.
    On November 17, 2021, Cboe BZX Exchange, Inc. (``BZX'' or 
``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 amend Exchange Rule 11.22(f) to introduce a new 
data product to be known as the Short Volume Report. The proposed rule 
change was published for comment in the Federal Register on December 7, 
2021.\3\ On January 20, 2022, 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 disapprove the 
proposed rule change.\5\ On March 7, 2022, the Commission instituted 
proceedings under Section 19(b)(2)(B) of the Act \6\ to determine 
whether to approve or disapprove the proposed rule change.\7\ On March 
30, 2022, the Exchange filed Amendment No. 1 to the proposed rule 
change, which superseded the proposed rule change as originally filed. 
The proposed rule change, as modified by Amendment No. 1, was published 
for comment in the Federal Register on April 28, 2022.\8\
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ See Securities Exchange Act Release No. 93688 (December 1, 
2021), 86 FR 69319 (``Notice''). The comment letters received on the 
proposed rule change are available on the Commission's website at: 
https://www.sec.gov/comments/sr-cboebzx-2021-078/srcboebzx2021078.htm.
    \4\ 15 U.S.C. 78s(b)(2).
    \5\ See Securities Exchange Act Release No. 94010, 87 FR 4075 
(January 26, 2022). The Commission designated March 7, 2022 as the 
date by which the Commission shall approve or disapprove, or 
institute proceedings to determine whether to disapprove, the 
proposed rule change.
    \6\ 15 U.S.C. 78s(b)(2)(B).
    \7\ See Securities Exchange Act Release No. 94372, 87 FR 14053 
(March 11, 2022).
    \8\ See Securities Exchange Act Release No. 94788 (April 22, 
2022), 87 FR 25328.
---------------------------------------------------------------------------

    Section 19(b)(2) of the Act \9\ 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 the filing of the proposed rule 
change. The Commission may extend the period for issuing an order 
approving or disapproving the proposed rule change, however, 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 comment in the Federal Register 
on December 7, 2021.\10\ The 180th day after publication of the 
proposed rule change is June 5, 2022. The Commission is extending the 
time period for approving or disapproving the proposal for an 
additional 60 days.
---------------------------------------------------------------------------

    \9\ 15 U.S.C. 78s(b)(2).
    \10\ See Notice, supra note 3.
---------------------------------------------------------------------------

    The Commission finds that it is 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, as modified by Amendment No. 1, and the comments 
that have been submitted in connection therewith. Accordingly, the 
Commission, pursuant to Section 19(b)(2) of the Act,\11\ designates 
August 4, 2022, as the date by which the Commission should either 
approve or disapprove the proposed rule change (File No. SR-CboeBZX-
2021-078), as modified by Amendment No. 1.
---------------------------------------------------------------------------

    \11\ 15 U.S.C. 78s(b)(2).
    \12\ 17 CFR 200.30-3(a)(57).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\12\
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2022-12399 Filed 6-8-22; 8:45 am]
BILLING CODE 8011-01-P


