Federal Register - August 19, 2021

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Source: Federal Register

lotter on DSK11XQN23PROD with NOTICES1

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Federal Register / Vol. 86, No. 158 / Thursday, August 19, 2021 / Notices
of the 30-day operative delay is consistent with the protection of investors and the public interest.
Accordingly, the Commission hereby waives the operative delay and designates the proposed rule change operative upon filing.16
At any time within 60 days of the filing of the proposed rule change, the Commission summarily may temporarily suspend such rule change if it appears to the Commission that such action is necessary or appropriate in the public interest, for the protection of investors, or otherwise in furtherance of the purposes of the Act. If the Commission takes such action, the Commission shall institute proceedings to determine whether the proposed rule change should be approved or disapproved.

provisions of 5 U.S.C. 552, will be available for website viewing and printing in the Commissions Public Reference Room, 100 F Street NE, Washington, DC 20549 on official business days between the hours of 10:00 a.m. and 3:00 p.m. Copies of the filing also will be available for inspection and copying at the principal office of the Exchange. All comments received will be posted without change.
Persons submitting comments are cautioned that we do not redact or edit personal identifying information from comment submissions. You should submit only information that you wish to make available publicly. All submissions should refer to File Number SRNASDAQ2021062, and should be submitted on or before September 9, 2021.

IV. Solicitation of Comments Interested persons are invited to submit written data, views, and arguments concerning the foregoing, including whether the proposed rule change is consistent with the Act.
Comments may be submitted by any of the following methods:

For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.17
J. Matthew DeLesDernier, Assistant Secretary.

Electronic Comments Use the Commissions internet comment form http www.sec.gov/
rules/sro.shtml; or Send an email to rule-comments@
sec.gov. Please include File Number SR
NASDAQ2021062 on the subject line.

SECURITIES AND EXCHANGE
COMMISSION

Paper Comments Send paper comments in triplicate to Secretary, Securities and Exchange Commission, 100 F Street NE, Washington, DC 205491090.
All submissions should refer to File Number SRNASDAQ2021062. This file number should be included on the subject line if email is used. To help the Commission process and review your comments more efficiently, please use only one method. The Commission will post all comments on the Commissions internet website http www.sec.gov/
rules/sro.shtml. Copies of the submission, all subsequent amendments, all written statements with respect to the proposed rule change that are filed with the Commission, and all written communications relating to the proposed rule change between the Commission and any person, other than those that may be withheld from the public in accordance with the 16 For purposes only of waiving the 30-day operative delay, the Commission also has considered the proposed rules impact on efficiency, competition, and capital formation. See 15 U.S.C. 78cf.

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FR Doc. 202117758 Filed 81821; 8:45 am BILLING CODE 801101P

Release No. 3492664; File No. SRBX
2021034

Self-Regulatory Organizations; Nasdaq BX, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend the Expiration Timeframe of Long-Term Index Options Series August 13, 2021.

Pursuant to Section 19b1 of the Securities Exchange Act of 1934
Act,1 and Rule 19b4 thereunder,2
notice is hereby given that on August 10, 2021, Nasdaq BX, Inc. BX or Exchange filed with the Securities and Exchange Commission Commission the proposed rule change as described in Items I and II
below, which Items have been prepared by the Exchange. The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons.
I. Self-Regulatory Organizations Statement of the Terms of Substance of the Proposed Rule Change The Exchange proposes to amend BX
Rules at Options 2, Section 4, Obligations of Market Makers and Lead Market Makers; Options 2, Section 5, 17 17

CFR 200.303a12.
1 15 U.S.C. 78sb1.
2 17 CFR 240.19b4.

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Market Maker Quotations; and Options 4A, Section 12, Terms of Index Option Contracts.
The text of the proposed rule change is available on the Exchanges website at https listingcenter.nasdaq.com/
rulebook/bx/rules, at the principal office of the Exchange, and at the Commissions Public Reference Room.
II. Self-Regulatory Organizations Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change In its filing with the Commission, the Exchange included statements concerning the purpose of and basis for the proposed rule change and discussed any comments it received on the proposed rule change. The text of these statements may be examined at the places specified in Item IV below. The Exchange has prepared summaries, set forth in sections A, B, and C below, of the most significant aspects of such statements.
A. Self-Regulatory Organizations Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change 1. Purpose The Exchange proposes to amend BX
Options 2, Section 4, Obligations of Market Makers and Lead Market Makers; Options 2, Section 5, Market Maker Quotations; and Options 4A, Section 12, Terms of Index Option Contracts. Specifically, the Exchange proposes to amend the expiration timeframe of Long-Term Options Series or LEAPs.
Options 2, Section 5d2A
currently provides, Bid/ask differentials shall not apply to any options series until the time to expiration is less than nine 9 months for index options. Similarly, Options 4A, Section 12b currently states, 1 Notwithstanding the provisions of paragraph a3, above, BX Options may list long-term index options series that expire from nine 9 to sixty 60 months from the date of issuance.
i Index long term options series may be based on either the full or reduced value of the underlying index. There may be up to ten 10 expiration months, none further out than sixty 60 months. Strike price interval and continuity Rules shall not apply to such options series until the time to expiration is less than nine 9 months. Bid/ask differentials for long-term options contracts are specified within Options 2, Section 5d2A.

The Exchange proposes to amend the current text of Options 2, Section 5d2A and Options 4A, Section 12b to amend the time to expiration term of
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Federal Register - August 19, 2021

TitoloFederal Register

PaeseStati Uniti

Data19/08/2021

Conteggio pagine186

Numero di edizioni7798

Prima edizione14/03/1936

Ultima edizione18/06/2026

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