Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Rule 7.31-E To Delete Cross Orders, 63917-63919 [2019-24982]
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khammond on DSKJM1Z7X2PROD with NOTICES
Federal Register / Vol. 84, No. 223 / Tuesday, November 19, 2019 / Notices
Participants having a larger portion of
their positions in the Security redeemed
in connection with the Partial Call. This
outcome may present a burden or
benefit to a Participant versus others
with respect to a given redemption
resulting from a Partial Call, depending
on whether the terms of a Partial Call
would be favorable to the Participant.
DTC believes that any burden on
competition presented by the proposal
would not be significant because only
the ‘‘odd lot’’ portion of a Participant’s
holdings for Securities denominated in
increments of $5,000 or less would be
excluded from the Partial Call, thus
creating a cap 14 on the number of a
Participant’s Securities that could be
excluded from a call lottery, and thus
limiting the benefit or burden that a
Participant whose Securities are called
would realize versus other Participants.
DTC believes that any burden on
competition that may be imposed by the
proposed rule changes, as described
above, would be necessary and
appropriate in furtherance of the
purposes of the Act, as permitted by
Section 17A(b)(3)(I) of the Act,15
because preventing the creation of new
odd lots resulting from the allocation for
a call lottery on a Security affected by
the proposal would instead result in
positions that (i) avoid the adverse
repercussions, with respect to
tradability of the Security, on a
Participant who would otherwise have
been allocated a new odd lot position by
the inclusion of one or more odd lot
positions of other Participants in the
call lottery, as described above, and (ii)
are available in an incremental value
that can be used to satisfy Delivery
obligations with respect to open trading
positions in the Security, and would
therefore promote the prompt and
accurate clearance and settlement of
securities transactions in the
marketplace for an affected Security.
DTC believes the proposed rule
change may promote competition,
because eliminating the creation of new
odd lot positions for called Securities
where the incremental value is $5,000
or less would prevent circumstances
where additional Participants, beyond
any Participants that already hold odd
lot positions prior to the running of the
lottery, are allocated positions in odd lot
amounts, which, as described above,
would be more difficult for the
Participants and their clients to trade
14 An odd lot can only be an amount less than the
incremental value of the Security. Thus, if the
incremental value of a Security is $5,000, then the
amount of a Participant’s total position excluded
from a call lottery on that Security would be capped
at $4,999.
15 15 U.S.C. 78q–1(b)(3)(I).
VerDate Sep<11>2014
16:47 Nov 18, 2019
Jkt 250001
than positions held in multiples of the
incremental value.
(C) Clearing Agency’s Statement on
Comments on the Proposed Rule
Change Received From Members,
Participants, or Others
DTC has not received or solicited any
written comments relating to this
proposal. DTC will notify the
Commission of any written comments
received by DTC.
III. Date of Effectiveness of the
Proposed Rule Change, and Timing for
Commission Action
Within 45 days of the date of
publication of this notice in the Federal
Register or within such longer period
up to 90 days (i) as the Commission may
designate if it finds such longer period
to be appropriate and publishes its
reasons for so finding or (ii) as to which
the self-regulatory organization
consents, the Commission will:
(A) By order approve or disapprove
such proposed rule change, or
(B) institute proceedings to determine
whether the proposed rule change
should be 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–
DTC–2019–009 on the subject line.
Paper Comments
• Send paper comments in triplicate
to Secretary, Securities and Exchange
Commission, 100 F Street NE,
Washington, DC 20549.
All submissions should refer to File
Number SR–DTC–2019–009. 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
PO 00000
Frm 00081
Fmt 4703
Sfmt 4703
63917
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 DTC and on DTCC’s website
(https://dtcc.com/legal/sec-rulefilings.aspx). 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–DTC–
2019–009 and should be submitted on
or before December 10,2019.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.16
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2019–24977 Filed 11–18–19; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–87519; File No. SR–
NYSEARCA–2019–80]
Self-Regulatory Organizations; NYSE
Arca, Inc.; Notice of Filing and
Immediate Effectiveness of Proposed
Rule Change To Amend Rule 7.31–E To
Delete Cross Orders
November 13, 2019.
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 November
1, 2019, NYSE Arca, Inc. (‘‘NYSE Arca’’
or ‘‘Exchange’’) filed with the Securities
and Exchange Commission (‘‘SEC’’ or
‘‘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.
16 17
CFR 200.30–3(a)(12).
U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
1 15
E:\FR\FM\19NON1.SGM
19NON1
63918
Federal Register / Vol. 84, No. 223 / Tuesday, November 19, 2019 / Notices
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
The Exchange proposes to amend
Rule 7.31–E (Orders and Modifiers) to
delete Cross Orders from its rules and
make other conforming changes. The
proposed rule 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.
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.
khammond on DSKJM1Z7X2PROD with NOTICES
A. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
1. Purpose
The purpose of the proposed rule
change is to amend the Exchange’s rules
to delete Cross Orders.
As defined in Rule 7.31–E(g), a Cross
Order is a two-sided order with
instructions to match the identified buyside with the identified sell-side at a
specified price (the ‘‘cross price’’). The
Exchange offers one type of Cross Order,
the Limit IOC Cross Order. As defined
in Rule 7.31–E(g)(1), a Limit IOC Cross
Order is a Cross Order that must trade
in full at its cross price, will not route,
and will cancel at the time of order
entry if the cross price is not between
the BBO or would trade through the
PBBO.
Due to a lack of demand for Cross
Orders, the Exchange proposes to
discontinue supporting Cross Orders.
Specifically, in the last three months,
the Exchange has not received any Cross
Orders. Accordingly, the Exchange
proposes to delete the definition of
Cross Order from Rule 7.31–E(g), as well
as the references to Cross Orders in
Rules 7.10–E(e)(1), 7.11–E(a)(5)(E),
7.16–E(f)(5)(H), 7.18–E(c)(5), 7.34–
E(c)(1)(B), 7.34–E(c)(1)(C), and 7.34–
E(c)(2)(C). The Exchange proposes to
designate Rules 7.31–E(g), 7.11–
E(a)(5)(E), and 7.16–E(f)(5)(H) as
Reserved and proposes to revise Rules
VerDate Sep<11>2014
16:47 Nov 18, 2019
Jkt 250001
7.10–E(e)(1), 7.18–E(c)(5), 7.34–
E(c)(1)(B), 7.34–E(c)(1)(C), and 7.34–
E(c)(2)(C) to delete the references to
Cross Orders. Subject to effectiveness of
this proposed rule change, the Exchange
will announce the implementation date
of these changes through a Trader
Update, which the Exchange anticipates
will be in November 2019.
2. Statutory Basis
The Exchange believes the proposed
rule change is consistent with the
requirements of Section 6(b) of the Act,3
in general, and Section 6(b)(5) of the
Act,4 in particular, in that it is designed
to remove impediments to and perfect
the mechanism of a free and open
market, to promote just and equitable
principles of trade, and, in general, to
protect investors and the public interest.
Specifically, the Exchange believes that
the proposed rule change would remove
impediments to and perfect the
mechanisms of a free and open market
by eliminating a little-used order type
and improving the clarity of the
Exchange’s rules. The Exchange further
believes that deleting an order type
rarely used by investors also removes
impediments to and perfects the
mechanism of a free and open market by
facilitating market participants’
navigation of the Exchange’s rulebook
and improving their ability to
understand the order types available for
trading on the Exchange. Moreover, the
Exchange believes that the elimination
of Cross Orders will simplify order
processing and reduce the burden on
system capacity, which the Exchange
believes is consistent with promoting
just and equitable principles of trade, as
well as the protection of investors and
the public interest.
B. Self-Regulatory Organization’s
Statement on Burden on Competition
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. Specifically,
the Exchange believes that the proposed
rule change would relieve a burden on
competition by making the Exchange’s
rules easier to navigate and promoting
regulatory clarity through the
elimination of a seldom-used order type.
3 15
4 15
PO 00000
U.S.C. 78f(b).
U.S.C. 78f(b)(5).
Frm 00082
Fmt 4703
Sfmt 4703
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 Exchange has filed the proposed
rule change pursuant to Section
19(b)(3)(A)(iii) of the Act 5 and Rule
19b–4(f)(6) thereunder.6 Because the
proposed rule change does not: (i)
Significantly affect the protection of
investors or the public interest; (ii)
impose any significant burden on
competition; and (iii) become operative
for 30 days from the date on which it
was filed, or such shorter time as the
Commission may designate, if
consistent with the protection of
investors and the public interest, the
proposed rule change has become
effective pursuant to Section 19(b)(3)(A)
of the Act 7 and Rule 19b–4(f)(6)
thereunder.8
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 shall 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
5 15
U.S.C. 78s(b)(3)(A)(iii).
CFR 240.19b–4(f)(6).
7 15 U.S.C. 78s(b)(3)(A).
8 17 CFR 240.19b–4(f)(6). In addition, Rule 19b–
4(f)(6)(iii) requires the Exchange to give the
Commission written notice of the Exchange’s intent
to file the proposed rule change, along with a brief
description and text of the proposed rule change,
at least five business days prior to the date of filing
of the proposed rule change, or such shorter time
as designated by the Commission. The Exchange
has satisfied this requirement.
6 17
E:\FR\FM\19NON1.SGM
19NON1
Federal Register / Vol. 84, No. 223 / Tuesday, November 19, 2019 / Notices
• Send an email to rule-comments@
sec.gov. Please include File Number SR–
NYSEARCA–2019–80 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–NYSEARCA–2019–80. 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
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–NYSEARCA–2019–80, and
should be submitted on or before
December 10, 2019.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.9
Jill M. Peterson,
Assistant Secretary.
khammond on DSKJM1Z7X2PROD with NOTICES
[FR Doc. 2019–24982 Filed 11–18–19; 8:45 am]
BILLING CODE 8011–01–P
9 17
16:47 Nov 18, 2019
[Release No. 34–87516; File No. SR–BOX–
2019–32]
Self-Regulatory Organizations; BOX
Exchange LLC; Notice of Filing and
Immediate Effectiveness of a Proposed
Rule Change To Amend the Fee
Schedule on the BOX Options Market
LLC Facility To Establish BOX
Connectivity Fees for Participants and
Non-Participants Who Connect to the
BOX Network
Jkt 250001
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 October
31, 2019, BOX Exchange LLC (the
‘‘Exchange’’) filed with the Securities
and Exchange Commission
(‘‘Commission’’) the proposed rule
change as described in Items I, II, and
III below, which Items have been
prepared by the Exchange. The
Exchange filed the proposed rule change
pursuant to Section 19(b)(3)(A)(ii) of the
Act,3 and Rule 19b–4(f)(2) thereunder,4
which renders the proposal effective
upon filing with the Commission. 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 the Substance
of the Proposed Rule Change
The Exchange is filing with the
Securities and Exchange Commission
(‘‘Commission’’) a proposed rule change
to amend the Fee Schedule on the BOX
Options Market LLC (‘‘BOX’’) facility.
The text of the proposed rule change is
available from the principal office of the
Exchange, at the Commission’s Public
Reference Room and also on the
Exchange’s internet website at https://
boxexchange.com.
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
1 15
U.S.C. 78s(b)(1).
CFR 240.19b–4.
3 15 U.S.C. 78s(b)(3)(A)(ii).
4 17 CFR 240.19b–4(f)(2).
PO 00000
Frm 00083
Fmt 4703
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.
A. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
1. Purpose
November 13, 2019.
2 17
CFR 200.30–3(a)(12).
VerDate Sep<11>2014
SECURITIES AND EXCHANGE
COMMISSION
63919
Sfmt 4703
The Exchange is refiling its proposal
to amend the Fee Schedule regarding
connectivity to BOX in order to provide
greater detail and clarity concerning
BOX’s costs, as they pertain to expenses
for network connectivity services. The
Exchange is now presenting more
connectivity cost details that correspond
with income statement expense line
items to provide greater transparency
into its actual costs associated with
providing network connectivity
services. The Exchange believes that its
proposed fees are fair and reasonable
because they will permit recovery of
less than all of the Exchange’s costs for
providing connectivity and will not
result in excessive pricing or
supracompetitive profit, when
comparing the Exchange’s total annual
expense associated with providing the
network connectivity services versus the
total projected annual revenue the
Exchange projects to collect for
providing the network connectivity
services.
The Exchange proposes to amend
Section VI. (Technology Fees) of the
BOX Fee Schedule to establish BOX
Connectivity Fees for Participants and
non-Participants who connect to the
BOX network. Connectivity fees will be
based upon the amount of bandwidth
that will be used by the Participant or
non-Participant. Further, BOX
Participants or non-Participants
connected as of the last trading day of
each calendar month will be charged the
applicable Connectivity Fee for that
month. The Connectivity Fees will be as
follows:
Connection type
Non-10 Gb Connection ...
10 Gb Connection ..........
E:\FR\FM\19NON1.SGM
19NON1
Monthly fees
$1,000 per connection.
$5,000 per connection.
]]>Agencies
[Federal Register Volume 84, Number 223 (Tuesday, November 19, 2019)]
[Notices]
[Pages 63917-63919]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-24982]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-87519; File No. SR-NYSEARCA-2019-80]
Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing
and Immediate Effectiveness of Proposed Rule Change To Amend Rule 7.31-
E To Delete Cross Orders
November 13, 2019.
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 November 1, 2019, NYSE Arca, Inc. (``NYSE Arca'' or ``Exchange'')
filed with the Securities and Exchange Commission (``SEC'' or
``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.
---------------------------------------------------------------------------
[[Page 63918]]
I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change
The Exchange proposes to amend Rule 7.31-E (Orders and Modifiers)
to delete Cross Orders from its rules and make other conforming
changes. The proposed rule 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.
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
Statutory Basis for, the Proposed Rule Change
1. Purpose
The purpose of the proposed rule change is to amend the Exchange's
rules to delete Cross Orders.
As defined in Rule 7.31-E(g), a Cross Order is a two-sided order
with instructions to match the identified buy-side with the identified
sell-side at a specified price (the ``cross price''). The Exchange
offers one type of Cross Order, the Limit IOC Cross Order. As defined
in Rule 7.31-E(g)(1), a Limit IOC Cross Order is a Cross Order that
must trade in full at its cross price, will not route, and will cancel
at the time of order entry if the cross price is not between the BBO or
would trade through the PBBO.
Due to a lack of demand for Cross Orders, the Exchange proposes to
discontinue supporting Cross Orders. Specifically, in the last three
months, the Exchange has not received any Cross Orders. Accordingly,
the Exchange proposes to delete the definition of Cross Order from Rule
7.31-E(g), as well as the references to Cross Orders in Rules 7.10-
E(e)(1), 7.11-E(a)(5)(E), 7.16-E(f)(5)(H), 7.18-E(c)(5), 7.34-
E(c)(1)(B), 7.34-E(c)(1)(C), and 7.34-E(c)(2)(C). The Exchange proposes
to designate Rules 7.31-E(g), 7.11-E(a)(5)(E), and 7.16-E(f)(5)(H) as
Reserved and proposes to revise Rules 7.10-E(e)(1), 7.18-E(c)(5), 7.34-
E(c)(1)(B), 7.34-E(c)(1)(C), and 7.34-E(c)(2)(C) to delete the
references to Cross Orders. Subject to effectiveness of this proposed
rule change, the Exchange will announce the implementation date of
these changes through a Trader Update, which the Exchange anticipates
will be in November 2019.
2. Statutory Basis
The Exchange believes the proposed rule change is consistent with
the requirements of Section 6(b) of the Act,\3\ in general, and Section
6(b)(5) of the Act,\4\ in particular, in that it is designed to remove
impediments to and perfect the mechanism of a free and open market, to
promote just and equitable principles of trade, and, in general, to
protect investors and the public interest. Specifically, the Exchange
believes that the proposed rule change would remove impediments to and
perfect the mechanisms of a free and open market by eliminating a
little-used order type and improving the clarity of the Exchange's
rules. The Exchange further believes that deleting an order type rarely
used by investors also removes impediments to and perfects the
mechanism of a free and open market by facilitating market
participants' navigation of the Exchange's rulebook and improving their
ability to understand the order types available for trading on the
Exchange. Moreover, the Exchange believes that the elimination of Cross
Orders will simplify order processing and reduce the burden on system
capacity, which the Exchange believes is consistent with promoting just
and equitable principles of trade, as well as the protection of
investors and the public interest.
---------------------------------------------------------------------------
\3\ 15 U.S.C. 78f(b).
\4\ 15 U.S.C. 78f(b)(5).
---------------------------------------------------------------------------
B. Self-Regulatory Organization's Statement on Burden on Competition
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. Specifically, the Exchange
believes that the proposed rule change would relieve a burden on
competition by making the Exchange's rules easier to navigate and
promoting regulatory clarity through the elimination of a seldom-used
order type.
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 Exchange has filed the proposed rule change pursuant to Section
19(b)(3)(A)(iii) of the Act \5\ and Rule 19b-4(f)(6) thereunder.\6\
Because the proposed rule change does not: (i) Significantly affect the
protection of investors or the public interest; (ii) impose any
significant burden on competition; and (iii) become operative for 30
days from the date on which it was filed, or such shorter time as the
Commission may designate, if consistent with the protection of
investors and the public interest, the proposed rule change has become
effective pursuant to Section 19(b)(3)(A) of the Act \7\ and Rule 19b-
4(f)(6) thereunder.\8\
---------------------------------------------------------------------------
\5\ 15 U.S.C. 78s(b)(3)(A)(iii).
\6\ 17 CFR 240.19b-4(f)(6).
\7\ 15 U.S.C. 78s(b)(3)(A).
\8\ 17 CFR 240.19b-4(f)(6). In addition, Rule 19b-4(f)(6)(iii)
requires the Exchange to give the Commission written notice of the
Exchange's intent to file the proposed rule change, along with a
brief description and text of the proposed rule change, at least
five business days prior to the date of filing of the proposed rule
change, or such shorter time as designated by the Commission. The
Exchange has satisfied this requirement.
---------------------------------------------------------------------------
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 shall 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
[[Page 63919]]
Send an email to [email protected]. Please include
File Number SR-NYSEARCA-2019-80 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-NYSEARCA-2019-80. 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 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-NYSEARCA-2019-80, and should be
submitted on or before December 10, 2019.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\9\
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\9\ 17 CFR 200.30-3(a)(12).
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Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2019-24982 Filed 11-18-19; 8:45 am]
BILLING CODE 8011-01-P
