Voglio sapere a riguardo di…

Federal Register / Vol. 86, No. 183 / Friday, September 24, 2021 / Notices 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 make nonsubstantive changes to its Cboe
53135

Exchange Rulebook Rulebook in order to correct certain errors and make certain clarifications throughout the Rules.
The proposed rule change corrects cross-reference errors in Rules 1.1, 5.5, 5.6, 5.50, 5.51, 5.80 and 5.91 that are currently inaccurate, as follows:

Rule location of current inaccurate cross-reference
Current cross-reference
5.5 System Access and Connectivity paragraph b2.
5.6 Order Types, Order Instructions, and Times-inForce paragraph c definition of Compression or Position Compression Cross PCC Order.
5.50 Market-Maker Appointments paragraph h1.
5.50 Market-Maker Appointments paragraphs i, i1, i2 and i3.

5.9

5.10.

5.88

5.85.

Paragraph g

Paragraph h.

Paragraph g and paragraph h

5.51 Market-Maker Obligations paragraph c
5.80 Admission to and Conduct on the Trading Floor paragraph c1C.
5.91 Floor Broker Responsibilities paragraph d2.

8.26
Chapter 3

Incorrect cross-references to paragraph g should be paragraph h and incorrect cross reference to paragraph h should be paragraph i.
8.19.
Chapter 13.

8.26

8.19.

The proposed rule change also corrects paragraph numbering and lettering in Rules 5.34 and 6.22. Current Rule 5.34a4 jumps from subparagraph C to E, Rule 5.34c jumps from subparagraph 10 to 12, and Rule 6.22 jumps from paragraph c to e. The proposed rule change corrects these paragraph formatting errors by updating Rule 5.34a4E to D, Rule 5.34c12 to 11, and Rule 6.22e to d.
The proposed rule change removes extraneous rule text from Rule 5.81h.
Specifically, the proposed rule change removes an extraneous or at the end of the first sentence in that paragraph.
The proposed rule change also amends Rule 6.5 to remove the term Voluntary Professional Customer as the Exchange no longer recognizes the concept of Voluntary Professional Customers and no longer uses the term in its Rules.5
Additionally, the proposed rule change replaces the term TPH Department with the term Exchange in Rules 3.7, 3.8, 3.10, 3.11, 3.13, 3.15, 3.50, 3.59, 3.60, and 3.61. In 2018, the Exchange renamed its TPH Department to be called Membership Services. The proposed rule change removes reference to a summary fine under Rule 13.15
in Rule 6.1a1, which governs late transaction reports, as a pattern and practice of late reporting without exceptional circumstances may no longer be subject to a summary fine 5 See Securities Exchange Act Release No. 86173
June 20, 2019, 84 FR 30267 June 26, 2019 SR
CBOE2019027.

VerDate Sep<11>2014

16:50 Sep 23, 2021

Jkt 253001

Revised/accurate cross-reference
under 13.15.6 The proposed rule change seeks to use the term the Exchange as it does throughout the Rulebook when referring to actions taken by the Exchange or information that market participants needs to send to the Exchange. The Exchange prefers to use the term Exchange rather than reference a specific department to permit internal reorganization or changing of department names without the need for a rule filing. Pursuant to Rule 1.5, the Exchange will communicate to TPHs through notices, regulatory circulars, or other communication where to send information to the Exchange including to which department such information should be directed.
The proposed rule change relocates Rule 8.43j to Rule 8.35d. The Exchange previously restructured its Rulebook in connection with a 2019
technology migration. Prior to restructuring, the provision currently in Rule 8.43j former Rule 24A.7d, which specifically governs FLEX
reporting requirements, was a part of former Rule 24A.7, which governed FLEX position limits and general requirements, including reporting.
Former Rule 24A.7 was relocated to current Rule 8.35.7 Current Rule 8.43
former Rule 4.13, instead, governs reports related to non-FLEX position limits. The provision in Rule 8.43j 6 See Securities Exchange Act Release No. 92702
August 18, 2021, 86 FR 47346 August 24, 2021
SRCBOE2021045.
7 See Securities Exchange Act Release No. 87261
October 9, 2019, 84 FR 55351 October 16, 2019
SRCBOE2019096.

PO 00000

Frm 00108

Fmt 4703

Sfmt 4703

former 24A.7d was not previously included in the Rule governing reports related to non-FLEX position limits current Rule 8.43/former Rule 4.13 nor did the Exchange intend for this provision to become a part of the Rule governing non-FLEX reports related to position limits current Rule 8.43, former Rule 4.13. However, upon restructuring its Rulebook and relocating its Rules related to position and exercise limits, the Exchange inadvertently relocated the provision in regarding FLEX reporting requirements to Rule 8.43.8 Therefore, the proposed rule change corrects this inadvertent relocation by moving the provision in Rule 8.43j back to Rule 8.35 as Rule 8.35d, the appropriate location for FLEX reporting requirements.9
The proposed rule change also makes a non-substantive clarification in Rules 5.54, 5.55 and 5.56 in connection with Designated Primary Market-Makers DPMs, Lead Market-Makers LMMs, and Primary Market-Makers PMMs continuous quoting requirements, respectively. Specifically, the Exchange proposes to add clarity to these Rules by making the definition of continuous electronic quoting explicit in each. All Market Makers, including DPMs, PMMs, and LMMs, are required to provide continuous electronic quotes by submitting continuous bids and offers for 90% of the time during Regular Trading Hours. The definition 8 See
id.
light of the proposed rule change to relocate Rule 8.43j to Rule 8.35d, the proposed rule change also updates cross-references within this provision.
9 In
E:FRFM24SEN1.SGM

24SEN1