Self-Regulatory Organizations; NYSE American LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend the NYSE American Options Fee Schedule, 43631-43633 [2019-17990]
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Federal Register / Vol. 84, No. 162 / Wednesday, August 21, 2019 / Notices
with alternative trading systems
exempted from compliance with the
statutory standards applicable to
exchanges, including the requirement to
regulate their members, and in covering
costs described in the filing that are
associated with maintaining its equities
market and its regulatory programs to
ensure that the Exchange remains an
efficient and well-regulated
marketplace. In addition to this the
Exchange notes that other exchanges
currently have trading rights fees in
place,16 which have been previously
filed with the Commission.
Moreover, the Commission has
repeatedly expressed its preference for
competition over regulatory
intervention in determining prices,
products, and services in the securities
markets. Specifically, in Regulation
NMS, the Commission highlighted the
importance of market forces in
determining prices and SRO revenues
and, also, recognized that current
regulation of the market system ‘‘has
been remarkably successful in
promoting market competition in its
broader forms that are most important to
investors and listed companies.’’ The
fact that this market is competitive has
also long been recognized by the courts.
In NetCoalition v. Securities and
Exchange Commission, the D.C. Circuit
stated as follows: ‘‘[n]o one disputes
that competition for order flow is
‘fierce.’ . . . As the SEC explained, ‘[i]n
the U.S. national market system, buyers
and sellers of securities, and the brokerdealers that act as their order-routing
agents, have a wide range of choices of
where to route orders for execution’;
[and] ‘no exchange can afford to take its
market share percentages for granted’
because ‘no exchange possesses a
monopoly, regulatory or otherwise, in
the execution of order flow from broker
dealers’. . . .’’. Accordingly, the
Exchange does not believe its proposed
fee change imposes any burden on
competition that is not necessary or
appropriate in furtherance of the
purposes of the Act.
jspears on DSK3GMQ082PROD with NOTICES
C. Self-Regulatory Organization’s
Statement on Comments on the
Proposed Rule Change Received From
Members, Participants, or Others
The Exchange neither solicited nor
received comments on the proposed
rule change.
III. Date of Effectiveness of the
Proposed Rule Change and Timing for
Commission Action
The foregoing rule change has become
effective pursuant to Section 19(b)(3)(A)
of the Act 17 and paragraph (f) of Rule
19b–4 18 thereunder. 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.
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:
Electronic Comments
• Use the Commission’s internet
comment form (https://www.sec.gov/
rules/sro.shtml); or
• Send an email to rule-comments@
sec.gov. Please include File Number SR–
CboeBYX–2019–013 on the subject line.
Paper Comments
• Send paper comments in triplicate
to Secretary, Securities and Exchange
Commission, 100 F Street NE,
Washington, DC 20549–1090.
All submissions should refer to File
Number SR–CboeBYX–2019–013. 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 Commission’s
internet website (https://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
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
10:00 a.m. and 3:00 p.m. Copies of the
filing also will be available for
16 See
VerDate Sep<11>2014
18:13 Aug 20, 2019
Jkt 247001
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.19
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2019–17983 Filed 8–20–19; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–86689; File No. SR–
NYSEAMER–2019–32]
Self-Regulatory Organizations; NYSE
American LLC; Notice of Filing and
Immediate Effectiveness of Proposed
Rule Change To Amend the NYSE
American Options Fee Schedule
August 15, 2019.
Pursuant to Section 19(b)(1) of the
Securities Exchange Act of 1934 (the
‘‘Act’’),1 and Rule 19b–4 thereunder,2
notice is hereby given that on August 8,
2019, NYSE American LLC (‘‘NYSE
American’’ or the ‘‘Exchange’’) filed
with the Securities and Exchange
Commission (the ‘‘Commission’’) the
proposed rule change as described in
Items I, II, and III 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 Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
The Exchange proposes a nonsubstantive amendment to the NYSE
American Options Fee Schedule (‘‘Fee
Schedule’’). The Exchange proposes to
implement the rule change effective
August 8, 2019. The proposed change is
available on the Exchange’s website at
www.nyse.com, at the principal office of
the Exchange, and at the Commission’s
Public Reference Room.
CFR 200.30–3(a)(12).
U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
U.S.C. 78s(b)(3)(A).
18 17 CFR 240.19b–4(f).
supra note 5.
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 SR–CboeBYX–2019–013 and
should be submitted on or before
September 11, 2019.
19 17
17 15
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Federal Register / Vol. 84, No. 162 / Wednesday, August 21, 2019 / Notices
II. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
In its filing with the Commission, the
self-regulatory organization 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 those 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 parts of such
statements.
A. Self-Regulatory Organization’s
Statement of the Purpose of, and the
Statutory Basis for, the Proposed Rule
Change
1. Purpose
The purpose of this filing is to modify
the Fee Schedule to make a nonsubstantive, technical change to the Fee
Schedule to re-locate the text regarding
the Floor Broker Volume Rebate
Program (‘‘FB Volume Rebate’’) for Floor
Broker organizations (each a ‘‘Floor
Broker’’). The Exchange proposes to
implement the fee change effective
August 8, 2019.
Earlier this year, the Exchange
introduced the FB Rebate Program,
which offers Floor Brokers the
opportunity to qualify for a $5,000
rebate each month that the Floor Broker
increases its Average Daily Volume
(‘‘ADV’’) by a certain percentage over
one of two benchmarks.3 Currently, the
section describing the FB Rebate
Program is positioned in the middle of
the section describing the Floor Broker
Fixed Cost Prepayment Incentive
Program (the ‘‘FB Prepay Program’’).4
The Exchange proposes to relocate the
description of the FB Rebate Program so
that it appears after (and immediately
below) the description of the FB Prepay
Program, which would add clarity and
transparency to the Fee Schedule
making it easier to navigate.5 The
Exchange does not propose any
substantive changes to the Fee
Schedule.
jspears on DSK3GMQ082PROD with NOTICES
2. Statutory Basis
The Exchange believes that the
proposed rule change is consistent with
3 See Fee Schedule, Section III.E.2. (Floor Broker
Programs, Floor Broker Volume Incentive Rebate
Program), available here: https://www.nyse.com/
publicdocs/nyse/markets/american-options/NYSE_
American_Options_Fee_Schedule.pdf.
4 See id., Section III.E.1(Floor Broker Programs,
Floor Broker Volume Incentive Rebate Program,
Floor Broker Fixed Cost Prepayment Incentive
Program).
5 See proposed Fee Schedule, Section III.E.2.
VerDate Sep<11>2014
18:13 Aug 20, 2019
Jkt 247001
Section 6(b) of the Act,6 in general, and
furthers the objectives of Sections
6(b)(4) and (5) of the Act,7 in particular,
because it provides for the equitable
allocation of reasonable dues, fees, and
other charges among its members,
issuers and other persons using its
facilities and does not unfairly
discriminate between customers,
issuers, brokers or dealers.
The Exchange believes that the
proposal to re-locate the positioning of
the text describing the FB Rebate
Program would remove impediments to
and perfect the mechanism of a free and
open market and a national market
system because the proposed rule
change is non-substantive in nature and
would simply move rule text relating to
the FB Rebate Program to be separate
from the FB Prepay Program, without
any substantive differences to either
program. Because the proposed rule
change is technical and non-substantive,
the Exchange further believes that it is
reasonable, equitable and not unfairly
discriminatory because it would provide
clarity, transparency and internal
consistency to the Fee Schedule
Exchange [sic]—particularly to Section
III.E—and would protect investors and
the investing public by making the
Exchange rules easier to navigate and
comprehend.
B. Self-Regulatory Organization’s
Statement on Burden on Competition
In accordance with Section 6(b)(8) of
the Act, the Exchange does not believe
that the proposed rule change would
impose any burden on competition that
is not necessary or appropriate in
furtherance of the purposes of the Act.
The proposed rule change is not
designed to address any competitive
issues, but rather, is a non-substantive,
technical amendment to move existing
rule text to a different part of the Fee
Schedule. The Exchange believes the
proposal provides clarity, transparency
and internal consistency to the Fee
Schedule Exchange [sic]—particularly
to Section III.E—and would to [sic]
protect investors and the investing
public by making the Exchange rules
easier to navigate and comprehend.
C. Self-Regulatory Organization’s
Statement on Comments on the
Proposed Rule Change Received From
Members, Participants, or Others
No written comments were solicited
or received with respect to the proposed
rule change.
III. Date of Effectiveness of the
Proposed Rule Change and Timing for
Commission Action
The foregoing rule change is effective
upon filing pursuant to Section
19(b)(3)(A) 8 of the Act and
subparagraph (f)(2) of Rule 19b–4 9
thereunder, because it establishes a due,
fee, or other charge imposed by the
Exchange.
At any time within 60 days of the
filing of such 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
under Section 19(b)(2)(B) 10 of the Act to
determine whether the proposed rule
change should be approved or
disapproved.
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:
Electronic Comments
• Use the Commission’s internet
comment form (https://www.sec.gov/
rules/sro.shtml); or
• Send an email to rule-comments@
sec.gov. Please include File No. SR–
NYSEAMER–2019–32 on the subject
line.
Paper Comments
• Send paper comments in triplicate
to Secretary, Securities and Exchange
Commission, 100 F Street NE,
Washington, DC 20549–1090.
All submissions should refer to File No.
SR–NYSEAMER–2019–32. 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 Commission’s
internet website (https://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
8 15
6 15
U.S.C. 78f(b).
7 15 U.S.C. 78f(b)(4) and (5).
PO 00000
Frm 00054
Fmt 4703
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U.S.C. 78s(b)(3)(A).
CFR 240.19b–4(f)(2).
10 15 U.S.C. 78s(b)(2)(B).
9 17
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Federal Register / Vol. 84, No. 162 / Wednesday, August 21, 2019 / Notices
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
10:00 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 No.
SR–NYSEAMER–2019–32, and should
be submitted on or before September 11,
2019.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.11
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2019–17990 Filed 8–20–19; 8:45 am]
BILLING CODE 8011–01–P
[Release No. 34–86686; File No. SR–
CboeBZX–2019–072]
jspears on DSK3GMQ082PROD with NOTICES
August 15, 2019.
Pursuant to Section 19(b)(1) of the
Securities Exchange Act of 1934 (the
‘‘Act’’),1 and Rule 19b–4 thereunder,2
notice is hereby given that on August 1,
2019, Cboe BZX Exchange, Inc. (the
‘‘Exchange’’ or ‘‘BZX’’) filed with the
Securities and Exchange Commission
(the ‘‘Commission’’) the proposed rule
change as described in Items I, II, and
III 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.
VerDate Sep<11>2014
18:13 Aug 20, 2019
II. Self-Regulatory Organization’s
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.
1. Purpose
Self-Regulatory Organizations; Cboe
BZX Exchange, Inc.; Notice of Filing
and Immediate Effectiveness of a
Proposed Rule Change Relating To
Amending its Fee Schedule Assessed
on Members To Establish a Monthly
Trading Rights Fee
CFR 200.30–3(a)(12).
1 15 U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
Cboe BZX Exchange, Inc. (the
‘‘Exchange’’ or ‘‘BZX Equities’’)
proposes to amend its fee schedule
assessed on Members to establish a
monthly Trading Rights Fee. The text of
the proposed rule change is provided in
Exhibit 5.
The text of the proposed rule change
is also available on the Exchange’s
website (https://markets.cboe.com/us/
equities/regulation/rule_filings/bzx/), at
the Exchange’s Office of the Secretary,
and at the Commission’s Public
Reference Room.
A. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
SECURITIES AND EXCHANGE
COMMISSION
11 17
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
The purpose of the proposed rule
change is to establish a monthly Trading
Rights Fee under the ‘‘Membership
Fees’’ section of the fee schedule. The
Trading Rights Fee will be assessed on
Members that trade more than a
specified volume in U.S. equities, and
will assist in covering the cost of a wellregulated and maintained Exchange.
Self-regulation, with oversight by the
Commission, is a basic premise of the
Exchange Act.3 For example, Congress
recognized the regulatory role of
national securities exchanges in section
6 of the Exchange Act, requiring all
existing securities exchanges to register
with the Commission and to function as
self-regulatory organizations.4 The
Exchange remains committed to its
regulatory responsibilities under the
Exchange Act, and has devoted
significant resources to providing a fair,
orderly, and well-regulated market for
its members. The proposed Trading
3 See
Securities Exchange Act Release No. 58092
(July 3, 2008), 73 FR 40143 (July 11, 2008).
4 Id.
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43633
Rights Fees will help fund a small
portion of the Exchange’s regulatory
efforts, and therefore facilitate effective
regulation of the U.S. equities markets,
consistent with the goals of Congress
and the Commission.
The proposed Trading Rights Fee
represents a modest charge to firms that
have chosen to become members of the
Exchange, and that therefore both
consume more regulatory resources, and
benefit from the Exchange’s regulatory
efforts by having access to a wellregulated market. Specifically, the
Exchange proposes to charge Member
firms a monthly Trading Rights Fee of
$500 per month for the ability to trade
on the Exchange. So as to continue to
encourage active participation on the
Exchange by smaller Members, the
Trading Rights Fee would not be
charged to Members with a monthly
ADV 5 of less than 100,000 shares.
Similarly, to continue to support
individual investor order flow on the
Exchange, the Trading Rights Fee would
not be charged to Members in which at
least 90% of their order volume on the
Exchange per month is retail order
volume. In addition to this, the
proposed fee will not be charged to new
Exchange Members for their first three
months of Membership. The Exchange
intends to implement the proposed fee
on August 1, 2019. The proposed fee
and waivers are described in detail
below.
Membership Fee per Month
As stated, the Exchange will apply a
$500 Trading Rights charge to Members
per month. The Exchange believes the
proposed Trading Rights Fee assessed
aligns with the benefit provided by
allowing Members to trade on an
efficient and well-regulated market. The
proposed Trading Rights Fee will fund
a portion of the costs incurred by the
Exchange in regulating and maintaining
its equities market. These costs incurred
by the Exchange are necessary to
maintain an efficient equities exchange,
as a well-regulated exchange is inherent
in the nature of all self-regulatory
organizations (‘‘SROs’’). Due to the
importance of effective regulation of the
securities markets, an efficient
regulatory division must be
appropriately funded at all times. In
particular, in order to successfully carry
out the purposes of the Act and
maintain fair, orderly, and efficient
markets, and the protection of investors,
SROs must invest in robust programs,
5 ‘‘ADV’’ means average daily volume calculated
as the number of shares added or removed,
combined, per day. ADV is calculated on a monthly
basis.
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]]>Agencies
[Federal Register Volume 84, Number 162 (Wednesday, August 21, 2019)]
[Notices]
[Pages 43631-43633]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-17990]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-86689; File No. SR-NYSEAMER-2019-32]
Self-Regulatory Organizations; NYSE American LLC; Notice of
Filing and Immediate Effectiveness of Proposed Rule Change To Amend the
NYSE American Options Fee Schedule
August 15, 2019.
Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934
(the ``Act''),\1\ and Rule 19b-4 thereunder,\2\ notice is hereby given
that on August 8, 2019, NYSE American LLC (``NYSE American'' or the
``Exchange'') filed with the Securities and Exchange Commission (the
``Commission'') the proposed rule change as described in Items I, II,
and III 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.
---------------------------------------------------------------------------
\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
---------------------------------------------------------------------------
I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change
The Exchange proposes a non-substantive amendment to the NYSE
American Options Fee Schedule (``Fee Schedule''). The Exchange proposes
to implement the rule change effective August 8, 2019. The proposed
change is available on the Exchange's website at www.nyse.com, at the
principal office of the Exchange, and at the Commission's Public
Reference Room.
[[Page 43632]]
II. Self-Regulatory Organization's Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule Change
In its filing with the Commission, the self-regulatory organization
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 those 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 parts of such statements.
A. Self-Regulatory Organization's Statement of the Purpose of, and the
Statutory Basis for, the Proposed Rule Change
1. Purpose
The purpose of this filing is to modify the Fee Schedule to make a
non-substantive, technical change to the Fee Schedule to re-locate the
text regarding the Floor Broker Volume Rebate Program (``FB Volume
Rebate'') for Floor Broker organizations (each a ``Floor Broker''). The
Exchange proposes to implement the fee change effective August 8, 2019.
Earlier this year, the Exchange introduced the FB Rebate Program,
which offers Floor Brokers the opportunity to qualify for a $5,000
rebate each month that the Floor Broker increases its Average Daily
Volume (``ADV'') by a certain percentage over one of two benchmarks.\3\
Currently, the section describing the FB Rebate Program is positioned
in the middle of the section describing the Floor Broker Fixed Cost
Prepayment Incentive Program (the ``FB Prepay Program'').\4\ The
Exchange proposes to relocate the description of the FB Rebate Program
so that it appears after (and immediately below) the description of the
FB Prepay Program, which would add clarity and transparency to the Fee
Schedule making it easier to navigate.\5\ The Exchange does not propose
any substantive changes to the Fee Schedule.
---------------------------------------------------------------------------
\3\ See Fee Schedule, Section III.E.2. (Floor Broker Programs,
Floor Broker Volume Incentive Rebate Program), available here:
https://www.nyse.com/publicdocs/nyse/markets/american-options/NYSE_American_Options_Fee_Schedule.pdf.
\4\ See id., Section III.E.1(Floor Broker Programs, Floor Broker
Volume Incentive Rebate Program, Floor Broker Fixed Cost Prepayment
Incentive Program).
\5\ See proposed Fee Schedule, Section III.E.2.
---------------------------------------------------------------------------
2. Statutory Basis
The Exchange believes that the proposed rule change is consistent
with Section 6(b) of the Act,\6\ in general, and furthers the
objectives of Sections 6(b)(4) and (5) of the Act,\7\ in particular,
because it provides for the equitable allocation of reasonable dues,
fees, and other charges among its members, issuers and other persons
using its facilities and does not unfairly discriminate between
customers, issuers, brokers or dealers.
---------------------------------------------------------------------------
\6\ 15 U.S.C. 78f(b).
\7\ 15 U.S.C. 78f(b)(4) and (5).
---------------------------------------------------------------------------
The Exchange believes that the proposal to re-locate the
positioning of the text describing the FB Rebate Program would remove
impediments to and perfect the mechanism of a free and open market and
a national market system because the proposed rule change is non-
substantive in nature and would simply move rule text relating to the
FB Rebate Program to be separate from the FB Prepay Program, without
any substantive differences to either program. Because the proposed
rule change is technical and non-substantive, the Exchange further
believes that it is reasonable, equitable and not unfairly
discriminatory because it would provide clarity, transparency and
internal consistency to the Fee Schedule Exchange [sic]--particularly
to Section III.E--and would protect investors and the investing public
by making the Exchange rules easier to navigate and comprehend.
B. Self-Regulatory Organization's Statement on Burden on Competition
In accordance with Section 6(b)(8) of the Act, the Exchange does
not believe that the proposed rule change would impose any burden on
competition that is not necessary or appropriate in furtherance of the
purposes of the Act. The proposed rule change is not designed to
address any competitive issues, but rather, is a non-substantive,
technical amendment to move existing rule text to a different part of
the Fee Schedule. The Exchange believes the proposal provides clarity,
transparency and internal consistency to the Fee Schedule Exchange
[sic]--particularly to Section III.E--and would to [sic] protect
investors and the investing public by making the Exchange rules easier
to navigate and comprehend.
C. Self-Regulatory Organization's Statement on Comments on the Proposed
Rule Change Received From Members, Participants, or Others
No written comments were solicited or received with respect to the
proposed rule change.
III. Date of Effectiveness of the Proposed Rule Change and Timing for
Commission Action
The foregoing rule change is effective upon filing pursuant to
Section 19(b)(3)(A) \8\ of the Act and subparagraph (f)(2) of Rule 19b-
4 \9\ thereunder, because it establishes a due, fee, or other charge
imposed by the Exchange.
---------------------------------------------------------------------------
\8\ 15 U.S.C. 78s(b)(3)(A).
\9\ 17 CFR 240.19b-4(f)(2).
---------------------------------------------------------------------------
At any time within 60 days of the filing of such 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 under
Section 19(b)(2)(B) \10\ of the Act to determine whether the proposed
rule change should be approved or disapproved.
---------------------------------------------------------------------------
\10\ 15 U.S.C. 78s(b)(2)(B).
---------------------------------------------------------------------------
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:
Electronic Comments
Use the Commission's internet comment form (https://www.sec.gov/rules/sro.shtml); or
Send an email to [email protected]. Please include
File No. SR-NYSEAMER-2019-32 on the subject line.
Paper Comments
Send paper comments in triplicate to Secretary, Securities
and Exchange Commission, 100 F Street NE, Washington, DC 20549-1090.
All submissions should refer to File No. SR-NYSEAMER-2019-32. 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 Commission's internet website (https://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
[[Page 43633]]
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
10:00 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 No. SR-NYSEAMER-2019-32, and should be
submitted on or before September 11, 2019.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\11\
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\11\ 17 CFR 200.30-3(a)(12).
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Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2019-17990 Filed 8-20-19; 8:45 am]
BILLING CODE 8011-01-P
