Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Designation of a Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change To List and Trade Shares of the BondBloxx Private Credit Trust

---
identifier: "/us/fr/2025-11870"
source: "fr"
legal_status: "authoritative_unofficial"
title: "Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Designation of a Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change To List and Trade Shares of the BondBloxx Private Credit Trust"
title_number: 0
title_name: "Federal Register"
section_number: "2025-11870"
section_name: "Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Designation of a Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change To List and Trade Shares of the BondBloxx Private Credit Trust"
positive_law: false
currency: "2025-06-27"
last_updated: "2025-06-27"
format_version: "1.1.0"
generator: "[email protected]"
agency: "Securities and Exchange Commission"
document_number: "2025-11870"
document_type: "notice"
publication_date: "2025-06-27"
agencies:
  - "Securities and Exchange Commission"
fr_citation: "90 FR 27695"
fr_volume: 90
docket_ids:
  - "Release No. 34-103301"
  - "File No. SR-CboeBZX-2024-126"
---


#  Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Designation of a Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change To List and Trade Shares of the BondBloxx Private Credit Trust

On December 17, 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 list and trade shares of the BondBloxx Private Credit Trust under BZX Rule 14.11(f). The proposed rule change was published for comment in the *Federal Register* on December 30, 2024. [^3]

[^1] 15 U.S.C. 78s(b)(1).

[^2] 17 CFR 240.19b-4.

[^3]*See* Securities Exchange Act Release No. 102003 (Dec. 19, 2024), 89 FR 106648. Comments on the proposal are available at: *https://www.sec.gov/comments/sr-cboebzx-2024-126/srcboebzx2024126.htm.*

On February 7, 2025, pursuant to Section 19(b)(2) of the Act, [^4] the Commission designated a longer period within which to approve the proposed rule change, disapprove the proposed rule change, or institute proceedings to determine whether to disapprove the  proposed rule change. [^5] On March 14, 2025, the Commission instituted proceedings pursuant to Section 19(b)(2)(B) of the Act [^6] to determine whether to approve or disapprove the proposed rule change. [^7]

[^4] 15 U.S.C. 78s(b)(2).

[^5]*See* Securities Exchange Act Release No. 102375, 90 FR 9559 (Feb. 13, 2025).

[^6] 15 U.S.C. 78s(b)(2)(B).

[^7]*See* Securities Exchange Act Release No. 102677, 90 FR 13257 (Mar. 20, 2025).

Section 19(b)(2) of the Act [^8] provides that, after initiating disapproval proceedings, the Commission shall issue an order approving or disapproving the proposed rule change not later than 180 days after the date of publication of notice of filing of the proposed rule change. The Commission may extend the period for issuing an order approving or disapproving the proposed rule change, however, by not more than 60 days if the Commission determines that a longer period is appropriate and publishes the reasons for such determination. The proposed rule change was published for notice and comment in the *Federal Register* on December 30, 2024. June 28, 2025 is 180 days from that date, and August 27, 2025 is 240 days from that date.

[^8] 15 U.S.C. 78s(b)(2).

The Commission finds it appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change so that it has sufficient time to consider the proposed rule change.

Accordingly, the Commission, pursuant to Section 19(b)(2) of the Act, [^9] designates August 27, 2025 as the date by which the Commission shall either approve or disapprove the proposed rule change (File No. SR-CboeBZX-2024-126).

[^9]*Id.*

For the Commission, by the Division of Trading and Markets, pursuant to delegated authority. [^10]

[^10] 17 CFR 200.30-3(a)(57).

Sherry R. Haywood,

Assistant Secretary.