2024-12254. Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Permit the Generic Listing and Trading of Multi-Class ETF Shares
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Start Preamble
May 30, 2024.
On April 15, 2024, Cboe BZX Exchange, Inc. (“BZX”) 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 BZX Rule 14.11(l) to permit the generic listing and trading of Multi-Class ETF Shares. The proposed rule change was published for comment in the Federal Register on May 1, 2024.[3]
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 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 June 15, 2024. The Commission is extending this 45-day time period.
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 and the issues raised therein. Accordingly, the Commission, pursuant to Section 19(b)(2) of the Act,[5] designates July 30, 2024, as the date by which the Commission shall either approve or disapprove, or institute proceedings to determine whether to Start Printed Page 48203 disapprove, the proposed rule change (File No. SR-CboeBZX-2024-026).
Start SignatureFor the Commission, by the Division of Trading and Markets, pursuant to delegated authority.[6]
Sherry R. Haywood,
Assistant Secretary.
Footnotes
3. See Securities Exchange Act Release No. 100034 (April 25, 2024), 89 FR 35255 (“Notice”). Comments received in response to the Notice can be found on the Commission's website at: https://www.sec.gov/comments/sr-cboebzx-2024-026/srcboebzx2024026.htm.
Back to Citation[FR Doc. 2024-12254 Filed 6-4-24; 8:45 am]
BILLING CODE 8011-01-P
Document Information
- Published:
- 06/05/2024
- Department:
- Securities and Exchange Commission
- Entry Type:
- Notice
- Document Number:
- 2024-12254
- Pages:
- 48202-48203 (2 pages)
- Docket Numbers:
- Release No. 34-100248, File No. SR-CboeBZX-2024-026
- PDF File:
- 2024-12254.pdf