Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Rule 7.37-E To Specify the Exchange's Source of Data Feeds From the Long-Term Stock Exchange, Inc., 21033-21035 [2020-07900]
Download as PDF
Federal Register / Vol. 85, No. 73 / Wednesday, April 15, 2020 / Notices
for Docket ID NRC–2019–0104. A copy
of the collection of information and
related instructions may be obtained
without charge by accessing Docket ID
NRC–2009–0104 on this website.
• NRC’s Agencywide Documents
Access and Management System
(ADAMS): You may obtain publiclyavailable documents online in the
ADAMS Public Documents collection at
https://www.nrc.gov/reading-rm/
adams.html. To begin the search, select
‘‘Begin Web-based ADAMS Search.’’ For
problems with ADAMS, please contact
the NRC’s Public Document Room (PDR)
reference staff at 1–800–397–4209, 301–
415–4737, or by email to pdr.resource@
nrc.gov. The supporting statement and
‘‘NRC Form 212, ‘‘Qualifications
Investigation Professional, Technical,
and Administrative Positions’’, are
available in ADAMS under
ML20007E641 and ML19186A402
respectively.
• NRC’s Clearance Officer: A copy of
the collection of information and related
instructions may be obtained without
charge by contacting the NRC’s
Clearance Officer, David Cullison,
Office of the Chief Information Officer,
U.S. Nuclear Regulatory Commission,
Washington, DC 20555–0001; telephone:
301–415–2084; email:
INFOCOLLECTS.Resource@NRC.GOV.
jbell on DSKJLSW7X2PROD with NOTICES
B. Submitting Comments
The NRC cautions you not to include
identifying or contact information in
comment submissions that you do not
want to be publicly disclosed in your
comment submission. All comment
submissions are posted at https://
www.regulations.gov and entered into
ADAMS. Comment submissions are not
routinely edited to remove identifying
or contact information.
If you are requesting or aggregating
comments from other persons for
submission to the OMB, then you
should inform those persons not to
include identifying or contact
information that they do not want to be
publicly disclosed in their comment
submission. Your request should state
that comment submissions are not
routinely edited to remove such
information before making the comment
submissions available to the public or
entering the comment into ADAMS.
II. Background
Under the provisions of the
Paperwork Reduction Act of 1995 (44
U.S.C. Chapter 35), the NRC recently
submitted a request for renewal of an
existing collection of information to
OMB for review entitled, ‘‘NRC Form
212, ‘‘Qualifications Investigation
Professional, Technical, and
VerDate Sep<11>2014
18:22 Apr 14, 2020
Jkt 250001
Administrative Positions.’’ The NRC
hereby informs potential respondents
that an agency may not conduct or
sponsor, and that a person is not
required to respond to, a collection of
information unless it displays a
currently valid OMB control number.
The NRC published a Federal
Register notice with a 60-day comment
period on this information collection on
October 17, 2019 (84 FR 55593).
1. The title of the information
collection: NRC Form 212,
‘‘Qualifications Investigation
Professional, Technical, and
Administrative Positions.
2. OMB approval number: 3150–0033.
3. Type of submission: Extension.
4. The form number if applicable:
NRC Form 212.
5. How often the collection is required
or requested: The form is collected for
every new hire to the NRC.
6. Who will be required or asked to
respond: Former employers,
supervisors, and other references
indicated on the job application are
asked to complete the NRC Form 212.
7. The estimated number of annual
responses: 500.
8. The estimated number of annual
respondents: 500.
9. An estimate of the total number of
hours needed annually to comply with
the information collection requirement
or request: 250.
10. Abstract: Information requested
on NRC Form 212 is used to determine
the qualifications and suitability of
applicants for employment in
professional, technical, and
administrative positions with the NRC.
The completed form may be used to
examine, rate and/or assess the
prospective employee’s qualifications.
The information regarding the
qualifications of applicants for
employment is reviewed by professional
personnel in OCHCO, in conjunction
with other information in the NRC files,
to determine the qualifications of the
applicant for appointment to the
position under consideration.
Dated: April 9, 2020.
For the Nuclear Regulatory Commission.
David C. Cullison,
NRC Clearance Officer, Office of the Chief
Information Officer.
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–88610; File No. SR–
NYSEARCA–2020–30]
Self-Regulatory Organizations; NYSE
Arca, Inc.; Notice of Filing and
Immediate Effectiveness of Proposed
Rule Change To Amend Rule 7.37–E To
Specify the Exchange’s Source of Data
Feeds From the Long-Term Stock
Exchange, Inc.
April 9, 2020.
Pursuant to Section 19(b)(1) 1 of the
Securities Exchange Act of 1934 (the
‘‘Act’’),2 and Rule 19b–4 thereunder,3
notice is hereby given that on April 6,
2020, NYSE Arca, Inc. (‘‘NYSE Arca’’ 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 self-regulatory
organization. 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 to amend
Rule 7.37–E to update the Exchange’s
source of data feeds from the Long-Term
Stock Exchange, Inc. (‘‘LTSE’’) for
purposes of order handling, order
execution, order routing, and regulatory
compliance. 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.
[FR Doc. 2020–07904 Filed 4–14–20; 8:45 am]
1 15
U.S.C. 78s(b)(1).
U.S.C. 78a.
3 17 CFR 240.19b–4.
BILLING CODE 7590–01–P
2 15
PO 00000
Frm 00060
Fmt 4703
Sfmt 4703
21033
E:\FR\FM\15APN1.SGM
15APN1
21034
Federal Register / Vol. 85, No. 73 / Wednesday, April 15, 2020 / Notices
A. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
1. Purpose
The Exchange proposes to update and
amend the use of data feeds table in
Rule 7.37–E, which sets forth on a
market-by-market basis the specific
securities information processor (‘‘SIP’’)
and proprietary data feeds that the
Exchange utilizes for the handling,
execution, and routing of orders, and for
performing the regulatory compliance
checks related to each of those
functions. Specifically, the Exchange
proposes to amend the table in Rule
7.37–E(d) to specify that, with respect to
the LTSE, the Exchange will receive the
SIP feed as its primary source of data for
order handling, order execution, order
routing, and regulatory compliance. The
Exchange will not have a secondary
source for data from LTSE.
The Exchange proposes that this
proposed rule change would be
operative on the day that LTSE launches
operations as an equities exchange,
which is currently scheduled for May
15, 2020.4
jbell on DSKJLSW7X2PROD with NOTICES
2. Statutory Basis
The proposed rule change is
consistent with Section 6(b) of the Act,5
in general, and furthers the objectives of
Section 6(b)(5),6 in particular, because it
is designed to prevent fraudulent and
manipulative acts and practices, to
promote just and equitable principles of
trade, to foster cooperation and
coordination with persons engaged in
facilitating transactions in securities, to
remove impediments to, and perfect the
mechanism of, a free and open market
and a national market system and, in
general, to protect investors and the
public interest. The Exchange believes
its proposal to amend the table in Rule
7.37–E(d) to update the data feed source
for LTSE will ensure that Rule 7.37–E
correctly identifies and publicly states
on a market-by-market basis all of the
specific securities information processor
and proprietary data feeds that the
Exchange utilizes for the handling,
execution, and routing of orders, and for
performing the regulatory compliance
checks for each of those functions. The
proposed rule change also removes
impediments to and perfects the
4 On March 25, 2020, LTSE announced that it
would begin phasing in securities on its production
system on May 15, 2020. See LTSE Market
Announcement: MA–202–008, available here:
https://longtermstockexchange.com/static/MA2020-008-dfec5067f88285a0f563a894451b1f22.pdf.
5 15 U.S.C. 78f(b).
6 15 U.S.C. 78f(b)(5).
VerDate Sep<11>2014
18:22 Apr 14, 2020
Jkt 250001
mechanism of a free and open market
and protects investors and the public
interest by providing additional
specificity, clarity, and transparency in
the Exchange’s rules.
B. Self-Regulatory Organization’s
Statement on Burden on Competition
The Exchange does not believe that
the proposed rule change will impose
any burden on competition that is not
necessary or appropriate in furtherance
of the purposes of the Act. The
proposed change is not designed to
address any competitive issue, but
rather would provide the public and
market participants with up-to-date
information about the data feeds the
Exchange will use for the handling,
execution, and routing of orders, as well
as for regulatory compliance.
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 7 and Rule
19b–4(f)(6) thereunder.8 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 9 and Rule 19b–4(f)(6)
thereunder.10
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
7 15
U.S.C. 78s(b)(3)(A)(iii).
CFR 240.19b–4(f)(6).
9 15 U.S.C. 78s(b)(3)(A).
10 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.
8 17
PO 00000
Frm 00061
Fmt 4703
Sfmt 4703
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) 11 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 Number SR–
NYSEARCA–2020–30 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–2020–30. 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
11 15
E:\FR\FM\15APN1.SGM
U.S.C. 78s(b)(2)(B).
15APN1
Federal Register / Vol. 85, No. 73 / Wednesday, April 15, 2020 / Notices
submit only information that you wish
to make available publicly. All
submissions should refer to File
Number SR–NYSEARCA–2020–30, and
should be submitted on or before May
6, 2020.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.12
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020–07900 Filed 4–14–20; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–88613; File No. SR–NYSE–
2020–33]
Self-Regulatory Organizations; New
York Stock Exchange LLC; Notice of
Filing and Immediate Effectiveness of
Proposed Rule Change for Certain
Changes and Corrections to the NYSE
Rule 9000 Series
April 9, 2020.
Pursuant to Section 19(b)(1) 1 of the
Securities Exchange Act of 1934
(‘‘Act’’) 2 and Rule 19b–4 thereunder,3
notice is hereby given that on April 7,
2020, New York Stock Exchange LLC
(‘‘NYSE’’ or the ‘‘Exchange’’) filed with
the Securities and Exchange
Commission (‘‘Commission’’) the
proposed rule change as described in
Items I and II below, which Items have
been prepared by the self-regulatory
organization. The Commission is
publishing this notice to solicit
comments on the proposed rule change
from interested persons.
jbell on DSKJLSW7X2PROD with NOTICES
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
The Exchange proposes certain
changes and corrections to the NYSE
Rule 9000 Series (Code of Procedure).
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
12 17
CFR 200.30–3(a)(12), (59).
U.S.C. 78s(b)(1).
2 15 U.S.C. 78a.
3 17 CFR 240.19b–4.
1 15
VerDate Sep<11>2014
18:22 Apr 14, 2020
Jkt 250001
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 Exchange proposes certain
changes and corrections to the NYSE
Rule 9000 Series (Code of Procedure), as
follows.
Proposed Rule Change
In 2013, the Commission approved
the Exchange’s adoption of the Rule
8000 (Investigations and Sanctions) and
Rule 9000 Series relating to
investigation, discipline, sanction, and
other procedural rules modeled on the
rules of the Financial Industry
Regulatory Authority, Inc. (‘‘FINRA’’).4
The Exchange’s affiliates NYSE
American LLC (‘‘NYSE American’’),
NYSE National, Inc. (‘‘NYSE National’’),
and NYSE Arca, Inc. (‘‘NYSE Arca’’)
have since each adopted versions of the
Rule 8000 and Rule 9000 Series.5 The
Exchange proposes certain changes in
order to further harmonize its
disciplinary rules with the disciplinary
rules of its affiliates as well as to correct
inconsistencies in the Rule 9000 Series.
First, Rule 9110 (Application) sets
forth the types of proceedings to which
the Rule 9000 Series applies and
provides that, in performing the
functions under the Rule 9000 Series,
the Chief Regulatory Officer (‘‘CRO’’)
and Regulatory Staff shall function
independently of the commercial
interests of the Exchange and the
commercial interests of the member
organizations. In order to strengthen and
4 See Securities Exchange Act Release No. 69045
(March 5, 2013), 78 FR 15394 (March 11, 2013) (SR–
NYSE–2013–02).
5 In 2016, NYSE American adopted its Rule 8000
and Rule 9000 Series based on the NYSE and
FINRA Rule 8000 and Rule 9000 Series. See
Securities Exchange Act Release Nos. 77241
(February 26, 2016), 81 FR 11311 (March 3, 2016)
(SR–NYSEMKT–2016–30). In 2018, the Commission
approved NYSE National’s adoption of the NYSE
National Rule 10.8000 and Rule 10.9000 Series
based on the NYSE American and FINRA Rule 8000
and Rule 9000 Series. See Securities Exchange Act
Release No. 83289 (May 17, 2018), 83 FR 23968
(May 23, 2018) (SR–NYSENat–2018–02). In 2019,
NYSE Arca adopted the NYSE Arca Rule 10.8000
and 10.9000 Series based on the NYSE American
Rule 8000 and Rule 9000 Series. See Securities
Exchange Act Release No. 85639 (April 12, 2019),
84 FR 16346 (April 18, 2019) (SR–NYSEArca–2019–
15) (‘‘Release No. 85639’’).
PO 00000
Frm 00062
Fmt 4703
Sfmt 4703
21035
further safeguard the regulatory
independence of the Exchange’s CRO
and Regulatory Staff, the Exchange
proposes to add the following sentence
to the end of the subsection:
No member of the Board of Directors or
non-Regulatory Staff may interfere with or
attempt to influence the process or resolution
of any pending investigation or disciplinary
proceeding.
The proposed sentence is based on
the version of Rule 9110(a) adopted by
the Exchange’s affiliates NYSE Arca and
NYSE National, which contains an
identical sentence.6
Second, Rule 9120 (Definitions) sets
forth the definitions applicable to the
Rule 9000 Series. Under the definition
of ‘‘Interested Staff’’ in Rule
9120(t)(B)(iii), the Exchange would add
an ‘‘s’’ in parentheses after ‘‘supervise’’
to conform to NYSE Arca Rule
10.9120(t)(B)(iii).
Third, Rule 9268 (Decision of Hearing
Panel or Extended Hearing Panel) sets
forth the timing and contents of a
decision of a Hearing Panel or Extended
Hearing Panel and the procedures for a
dissenting opinion, service of the
decision, and requests for review.
Subsection (e)(2) provides that a
majority decision with respect to an
Exchange member that is an affiliate of
the Exchange shall constitute final
disciplinary action of the Exchange for
purposes of SEC Rule 19d–1(c)(1) and
may not be reviewed pursuant to Rule
9310, which governs review by the
Exchange’s Board of Directors.
In order to conform Rule 9268(e)(2)
with the changes proposed to Rule
9310(a) discussed below, and in order to
further harmonize the Exchange’s
disciplinary rules with its affiliates, the
Exchange proposes to delete the phrase
‘‘an Exchange member that is’’ before
‘‘an affiliate of the Exchange’’ and add
the phrase ‘‘as such term is defined in
Rule 12b–2 under the Exchange Act’’
after ‘‘an affiliate of the Exchange.’’
The proposed change would conform
Rule 9268(e)(2) with NYSE Arca Rule
10.9268(e)(2), which contains the phrase
‘‘an affiliate of the Exchange as such
term is defined in Rule 12b–2 under the
Exchange Act.’’ Utilizing the definition
of affiliate set forth in in Rule 12b–2
under the Exchange Act would not
diminish the current scope or
application of the Rule since the
proposed definition of affiliate would
continue to encompass member and
member organizations. Moreover, the
proposed change would add clarity and
transparency to the Exchange’s rules by
using a definition of affiliate in the
6 See NYSE Arca Rule 10.9110(a); NYSE National
Rule 10.9110(a).
E:\FR\FM\15APN1.SGM
15APN1
Agencies
[Federal Register Volume 85, Number 73 (Wednesday, April 15, 2020)]
[Notices]
[Pages 21033-21035]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-07900]
=======================================================================
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-88610; File No. SR-NYSEARCA-2020-30]
Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing
and Immediate Effectiveness of Proposed Rule Change To Amend Rule 7.37-
E To Specify the Exchange's Source of Data Feeds From the Long-Term
Stock Exchange, Inc.
April 9, 2020.
Pursuant to Section 19(b)(1) \1\ of the Securities Exchange Act of
1934 (the ``Act''),\2\ and Rule 19b-4 thereunder,\3\ notice is hereby
given that on April 6, 2020, NYSE Arca, Inc. (``NYSE Arca'' 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 self-regulatory
organization. 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\ 15 U.S.C. 78a.
\3\ 17 CFR 240.19b-4.
---------------------------------------------------------------------------
I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change
The Exchange proposes to amend Rule 7.37-E to update the Exchange's
source of data feeds from the Long-Term Stock Exchange, Inc. (``LTSE'')
for purposes of order handling, order execution, order routing, and
regulatory compliance. 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.
[[Page 21034]]
A. Self-Regulatory Organization's Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule Change
1. Purpose
The Exchange proposes to update and amend the use of data feeds
table in Rule 7.37-E, which sets forth on a market-by-market basis the
specific securities information processor (``SIP'') and proprietary
data feeds that the Exchange utilizes for the handling, execution, and
routing of orders, and for performing the regulatory compliance checks
related to each of those functions. Specifically, the Exchange proposes
to amend the table in Rule 7.37-E(d) to specify that, with respect to
the LTSE, the Exchange will receive the SIP feed as its primary source
of data for order handling, order execution, order routing, and
regulatory compliance. The Exchange will not have a secondary source
for data from LTSE.
The Exchange proposes that this proposed rule change would be
operative on the day that LTSE launches operations as an equities
exchange, which is currently scheduled for May 15, 2020.\4\
---------------------------------------------------------------------------
\4\ On March 25, 2020, LTSE announced that it would begin
phasing in securities on its production system on May 15, 2020. See
LTSE Market Announcement: MA-202-008, available here: https://longtermstockexchange.com/static/MA-2020-008-dfec5067f88285a0f563a894451b1f22.pdf.
---------------------------------------------------------------------------
2. Statutory Basis
The proposed rule change is consistent with Section 6(b) of the
Act,\5\ in general, and furthers the objectives of Section 6(b)(5),\6\
in particular, because it is designed to prevent fraudulent and
manipulative acts and practices, to promote just and equitable
principles of trade, to foster cooperation and coordination with
persons engaged in facilitating transactions in securities, to remove
impediments to, and perfect the mechanism of, a free and open market
and a national market system and, in general, to protect investors and
the public interest. The Exchange believes its proposal to amend the
table in Rule 7.37-E(d) to update the data feed source for LTSE will
ensure that Rule 7.37-E correctly identifies and publicly states on a
market-by-market basis all of the specific securities information
processor and proprietary data feeds that the Exchange utilizes for the
handling, execution, and routing of orders, and for performing the
regulatory compliance checks for each of those functions. The proposed
rule change also removes impediments to and perfects the mechanism of a
free and open market and protects investors and the public interest by
providing additional specificity, clarity, and transparency in the
Exchange's rules.
---------------------------------------------------------------------------
\5\ 15 U.S.C. 78f(b).
\6\ 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 will
impose any burden on competition that is not necessary or appropriate
in furtherance of the purposes of the Act. The proposed change is not
designed to address any competitive issue, but rather would provide the
public and market participants with up-to-date information about the
data feeds the Exchange will use for the handling, execution, and
routing of orders, as well as for regulatory compliance.
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 \7\ and Rule 19b-4(f)(6) thereunder.\8\
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 \9\ and Rule 19b-
4(f)(6) thereunder.\10\
---------------------------------------------------------------------------
\7\ 15 U.S.C. 78s(b)(3)(A)(iii).
\8\ 17 CFR 240.19b-4(f)(6).
\9\ 15 U.S.C. 78s(b)(3)(A).
\10\ 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 under
Section 19(b)(2)(B) \11\ of the Act to determine whether the proposed
rule change should be approved or disapproved.
---------------------------------------------------------------------------
\11\ 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 Number SR-NYSEARCA-2020-30 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-2020-30. 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
[[Page 21035]]
submit only information that you wish to make available publicly. All
submissions should refer to File Number SR-NYSEARCA-2020-30, and should
be submitted on or before May 6, 2020.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\12\
---------------------------------------------------------------------------
\12\ 17 CFR 200.30-3(a)(12), (59).
---------------------------------------------------------------------------
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020-07900 Filed 4-14-20; 8:45 am]
BILLING CODE 8011-01-P