85 FR 250 pgs. 86590-86591 - Self-Regulatory Organizations; Nasdaq BX, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Amend Options 4, Section 5, To Limit Short Term Options Series Intervals Between Strikes Which Are Available for Quoting and Trading on BX
Type: NOTICEVolume: 85Number: 250Pages: 86590 - 86591
Pages: 86590, 86591Docket number: [Release No. 34–90796; File No. SR–BX–2020–032]
FR document: [FR Doc. 2020–28894 Filed 12–29–20; 8:45 am]
Agency: Securities and Exchange Commission
Official PDF Version: PDF Version
[top]
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-90796; File No. SR-BX-2020-032]
Self-Regulatory Organizations; Nasdaq BX, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Amend Options 4, Section 5, To Limit Short Term Options Series Intervals Between Strikes Which Are Available for Quoting and Trading on BX
December 23, 2020.
On November 6, 2020, Nasdaq BX, Inc. ("BX" 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 Options 4, Section 5, "Series of Options Contracts Open for Trading" to seek to limit Short Term Options Series intervals between strikes which are available for quoting and trading on BX. The proposed rule change was published for comment in the Federal Register on November 16, 2020. 3
Footnotes:
1 ?15 U.S.C. 78s(b)(1).
2 ?17 CFR 240.19b-4.
3 ? See Securities Exchange Act Release No. 90384 (November 9, 2020), 85 FR 73113 (November 16, 2020). Comments on the proposed rule change can be found at https://www.sec.gov/comments/sr-bx-2020-032/srbx2020032.htm.
[top] Section 19(b)(2) of the Act? 4 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
Footnotes:
4 ?15 U.S.C. 78s(b)(2).
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, the Commission, pursuant to Section 19(b)(2) of the Act, 5 designates February 14, 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-BX-2020-032).
Footnotes:
5 ? Id.
6 ?17 CFR 200.30-3(a)(31).
For the Commission, by the Division of Trading and Markets, pursuant to delegated authority. 6
Eduardo A. Aleman,
Deputy Secretary.
[FR Doc. 2020-28894 Filed 12-29-20; 8:45 am]
BILLING CODE 8011-01-P