Supplemental Information and Reopening of Comment Period for Amendments Regarding the Definition of “Exchange”

Document 2023-08544 is a Proposed Rule published by the Securities and Exchange Commission in the Federal Register on May 5, 2023, with an effective date of March 18, 2022. The Securities and Exchange Commission ("Commission") is reopening the comment period for its proposal ("Proposed Rules") to amend the rule under the Securities Exchange Act of 1934 ("Exchange Act") that defines certain terms used in the statutory definition of "exchange." The reopening provides supplemental information and economic analysis regarding trading systems that trade crypto asset securities that would be newly included in the definition of "exchange" under the Proposed Rules. The Commission is requesting further information and public comment on certain aspects of the Proposed Rules as applicable to all securities and the compliance dates and other alternatives for the Proposed Rules. The Proposed Rules were set forth in Release No. 34-94062 ("Proposing Release"), and the related comment period, which was reopened in Release No. 34-94868 on May 9, 2022, ended on June 13, 2022. The reopening of this comment period is intended to allow interested persons further opportunity to analyze and comment on the Proposed Rules in light of the supplemental information provided herein ("Reopening Release"). View the original at https://www.federalregister.gov/documents/2023/05/05/2023-08544/supplemental-information-and-reopening-of-comment-period-for-amendments-regarding-the-definition-of.

No. Document 2023-08544 is not classified as economically significant under Executive Order 12866. Economically significant rules require OIRA review and are estimated to have impacts of $100 million or more per year.