[Federal Register Volume 90, Number 33 (Thursday, February 20, 2025)]
[Notices]
[Pages 10024-10025]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2025-02826]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-102424; File No. SR-ISE-2025-07]
Self-Regulatory Organizations; Nasdaq ISE, LLC; Notice of Filing
and Immediate Effectiveness of a Proposed Rule Change To Amend Various
Options Rules
February 13, 2025.
Pursuant to section 19(b)(1) of the Securities Exchange Act of 1934
(``Act''),\1\ and Rule 19b-4 thereunder,\2\ notice is hereby given that
on February 6, 2025, Nasdaq ISE, LLC (``Exchange'') filed with the
Securities and Exchange Commission (``Commission'') the proposed rule
change as described in Item I below, which Item has been substantially
prepared by the Exchange. The Exchange has designated this proposal for
immediate effectiveness pursuant to section 19(b)(3)(A) of the Act \3\
and Rule 19b-4(f) thereunder.\4\ The Commission is publishing this
notice to solicit comments on the proposed rule change from interested
persons.
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\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
\3\ 15 U.S.C. 78s(b)(3)(A).
\4\ 17 CFR 240.19b-4(f). 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 will institute proceedings to determine whether the
proposed rule change should be approved or disapproved.
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I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change
The Exchange proposes to amend various options rules to: (1)
further define a Stop Order and Stop Limit Order at options 3, section
7(d) and (e); (2) amend the treatment of responses in the Facilitation
Mechanism in options 3, section 11(b), Solicited Order Mechanism in
options 3, section 11(d) and Price Improvement Mechanism (``PIM'') in
options 3, section 13 and clarify how multiple responses are treated;
(3) add a Cancel-Replacement Complex Order to options 3, section
14(b)(20); (4) describe the application of the Order Price Protection
to Stop-Limit Orders at options 3, section 15(a)(1)(A), amend the
parameters for the Market Wide Risk Protection at options 3, section
15(a)(1)(C), and amend the Acceptable Trade Range at options 3, section
15(a)(2)(A); (5) remove references to index options on the Nasdaq 100
Reduced Value Index; (6) remove obsolete rule text regarding port fees
in options 7, section 7; and (7) make various other non-substantive and
technical amendments.
The proposed rule change, including the Exchange's statement of the
purpose of, and statutory basis for, the proposed rule change, is
available on the Exchange's website at https://listingcenter.nasdaq.com/rulebook/ise/rulefilings and on the
Commission's website at https://www.sec.gov/rules-regulations/self-regulatory-organization-rulemaking/national-securities-exchanges?file_number=SR-ISE-2025-07.
II. 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.\5\ Comments may be submitted
electronically by using the Commission's internet comment form (https:/
/www.sec.gov/rules-regulations/
[[Page 10025]]
self-regulatory-organization-rulemaking/national-securities-
exchanges?file_number=SR-ISE-2025-07) or by sending an email to [email protected]. Please include file number SR-ISE-2025-07 on the
subject line. Alternatively, paper comments may be sent to Secretary,
Securities and Exchange Commission, 100 F Street NE, Washington, DC
20549-1090. All submissions should refer to file number SR-ISE-2025-07.
To help the Commission process and review your comments more
efficiently, please use only one method. The Commission will post all
comments on the Commission's internet website (https://www.sec.gov/rules-regulations/self-regulatory-organization-rulemaking/national-securities-exchanges?file_number=SR-ISE-2025-07). Do not include
personal identifiable information in submissions; you should submit
only information that you wish to make available publicly. We may
redact in part or withhold entirely from publication submitted material
that is obscene or subject to copyright protection. All submissions
should refer to file number SR-ISE-2025-07 and should be submitted on
or before March 13, 2025.
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\5\ 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 provisions of 5 U.S.C. 552, will be available for website
viewing and printing in the Commission's Public Reference Room, 100
F Street NE, Washington, DC 20549, on official business days between
the hours of 10 a.m. and 3 p.m. Copies of the filing also will be
available for inspection and copying at the principal office of the
Exchange.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\6\
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\6\ 17 CFR 200.30-3(a)(12).
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Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2025-02826 Filed 2-19-25; 8:45 am]
BILLING CODE 8011-01-P