Justia Agencies And Commissions Securities And Exchange Commission Self-Regulatory Organizations; New York Stock Exchange LLC, NYSE Chicago, Inc., NYSE American LLC, NYSE Arca, Inc., and NYSE National, Inc.; Notice of Designation of a Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove Proposed Rule Changes, as Modified by Amendment No. 1, To Amend the Schedule of Wireless Connectivity Fees and Charges To Add Wireless Connectivity Services, 50861 [2020-17964]

Self-Regulatory Organizations; New York Stock Exchange LLC, NYSE Chicago, Inc., NYSE American LLC, NYSE Arca, Inc., and NYSE National, Inc.; Notice of Designation of a Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove Proposed Rule Changes, as Modified by Amendment No. 1, To Amend the Schedule of Wireless Connectivity Fees and Charges To Add Wireless Connectivity Services, 50861 [2020-17964]

Download as PDF Federal Register / Vol. 85, No. 160 / Tuesday, August 18, 2020 / Notices SECURITIES AND EXCHANGE COMMISSION [Release No. 34–89531; File Nos. SR–NYSE– 2020–11, SR–NYSEAMER–2020–10, SR– NYSEArca–2020–15, SR–NYSECHX–2020– 05, SR–NYSENAT–2020–08] Self-Regulatory Organizations; New York Stock Exchange LLC, NYSE Chicago, Inc., NYSE American LLC, NYSE Arca, Inc., and NYSE National, Inc.; Notice of Designation of a Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove Proposed Rule Changes, as Modified by Amendment No. 1, To Amend the Schedule of Wireless Connectivity Fees and Charges To Add Wireless Connectivity Services August 12, 2020. On February 11, 2020, New York Stock Exchange LLC, NYSE Chicago, Inc., NYSE Arca, Inc., and NYSE National, Inc. each filed with the Securities and Exchange Commission (‘‘Commission’’), pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (‘‘Act’’) 1 and Rule 19b–4 thereunder,2 a proposed rule change to amend the schedule of Wireless Connectivity Fees and Charges to add wireless connectivity services that transport the market data of the Exchanges. NYSE American LLC filed with the Commission a substantively identical filing on February 12, 2020.3 The proposed rule changes were published for comment in the Federal Register on February 25, 2020.4 On April 1, 2020, pursuant to Section 19(b)(2) of the Act,5 the Commission designated a longer period within which to either approve the proposed rule changes, disapprove the proposed rule changes, or institute proceedings to determine whether to approve or disapprove the proposed rule changes.6 1 15 U.S.C. 78s(b)(1). CFR 240.19b–4. 3 New York Stock Exchange LLC, NYSE Chicago, Inc., NYSE American LLC, NYSE Arca, Inc., and NYSE National, Inc. are collectively referred to herein as the ‘‘Exchanges.’’ 4 See Securities Exchange Act Release Nos. 88237 (February 19, 2020), 85 FR 10752 (February 25, 2020) (SR–NYSE–2020–11); 88238 (February 19, 2020), 85 FR 10776 (February 25, 2020) (SR– NYSEAMER–2020–10); 88239 (February 19, 2020), 85 FR 10786 (February 25, 2020) (SR–NYSEArca– 2020–15); 88240 (February 19, 2020), 85 FR 10795 (February 25, 2020) (SR–NYSECHX–2020–05); and 88241 (February 19, 2020), 85 FR 10738 (February 25, 2020) (SR–NYSENAT–2020–08) (collectively, the ‘‘Notices’’). 5 15 U.S.C. 78s(b)(2). 6 See Securities Exchange Act Release No. 88540 (April 1, 2020), 85 FR 19562 (April 7, 2020). The Commission designated May 25, 2020, as the date by which it should approve, disapprove, or institute jbell on DSKJLSW7X2PROD with NOTICES 2 17 VerDate Sep<11>2014 17:50 Aug 17, 2020 Jkt 250001 On May 18, 2020, the Commission instituted proceedings to determine whether to approve or disapprove the proposed rule changes.7 On July 27, 2020, the Exchanges each filed Amendment No. 1 to the proposed rule changes. Notice of Amendment No. 1 to the proposed rule changes was published for comment in the Federal Register on August 7, 2020.8 The Commission has received comment letters on the proposed rule changes, as modified by Amendment No. 1.9 Section 19(b)(2) of the Act 10 provides that, after initiating proceedings, the Commission shall issue an order approving or disapproving the proposed rule change not later than 180 days after the date of publication of notice of filing of the proposed rule change. The Commission may extend the period for issuing an order approving or disapproving the proposed rule change, however, by not more than 60 days if the Commission determines that a longer period is appropriate and publishes the reasons for such determination. The proposed rule changes were published for notice and comment in the Federal Register on February 25, 2020.11 August 23, 2020 is 180 days from that date, and October 22, 2020 is 240 days from that date. The Commission finds it appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule changes, as modified by Amendment No. 1, so that it has sufficient time to consider the proposed rule changes, as modified by Amendment No. 1, the issues raised in the comment letters that have been submitted in connection therewith, and the Exchanges’ responses to comments. Accordingly, the Commission, pursuant to Section 19(b)(2) of the Act,12 designates October 22, 2020 as the date by which the Commission should either approve or disapprove the proposed proceedings to determine whether to approve or disapprove the proposed rule changes. 7 See Securities Exchange Act Release No. 88901 (May 18, 2020), 85 FR 31273 (May 22, 2020). 8 See Securities Exchange Act Release Nos. 89458 (August 3, 2020), 85 FR 48045 (August 7, 2020) (SR–NYSE–2020–11); 89459 (August 3, 2020), 85 FR 48052 (August 7, 2020) (SR–NYSEAMER–2020– 10); 89460 (August 3, 2020), 85 FR 48017 (August 7, 2020) (SR–NYSEArca–2020–15); 89461 (August 3, 2020), 85 FR 48039 (August 7, 2020) (SR– NYSECHX–2020–05); and 89462 (August 3, 2020), 85 FR 48008 (August 7, 2020) (SR–NYSENAT– 2020–08). 9 Comments received on the proposed rule changes, as modified by Amendment No. 1, are available on the Commission’s website at: https:// www.sec.gov/comments/sr-nyse-2020-11/ srnyse202011.htm. 10 15 U.S.C. 78s(b)(2). 11 See Notices, supra note 4. 12 15 U.S.C. 78s(b)(2). PO 00000 Frm 00065 Fmt 4703 Sfmt 4703 50861 rule changes (File Nos. SR–NYSE–2020– 11, SR–NYSEAMER–2020–10, SR– NYSEArca–2020–15, SR–NYSECHX– 2020–05, SR–NYSENAT–2020–08), as modified by Amendment No. 1. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.13 J. Matthew DeLesDernier, Assistant Secretary. [FR Doc. 2020–17964 Filed 8–17–20; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION Proposed Collection; Comment Request Upon Written Request Copies Available From: Securities and Exchange Commission, Office of FOIA Services, 100 F Street NE, Washington, DC 20549–2736. Extension: Form CB, SEC File No. 270–457, OMB Control No. 3235–0518 Notice is hereby given that, pursuant to the Paperwork Reduction Act of 1995 (44 U.S.C. 3501 et seq.), the Securities and Exchange Commission (‘‘Commission’’) is soliciting comments on the collection of information summarized below. The Commission plans to submit this existing collection of information to the Office of Management and Budget for extension and approval. Form CB (17 CFR 239.800) is a Document filed in connection with a tender offer for a foreign private issuer. This form is used to report an issuer tender offer conducted in compliance with Exchange Act Rule 13e–4(h)(8) (17 CFR 240.13e–4(h)(8)) and a third-party tender offer conducted in compliance with Exchange Act Rule 14d–1(c) (17 CFR 240.14d–1(c)). Form CB takes approximately 0.5 hours per response to prepare and is filed by approximately 111 respondents annually. We estimate that 25% of the 0.5 hours per response (0.125 hours) is prepared by the respondent for an annual reporting burden of 14 hours (0.125 hours per response × 111 responses). Written comments are invited on: (a) Whether this proposed collection of information is necessary for the performance of the functions of the agency, including whether the information will have practical utility; (b) the accuracy of the agency’s estimate of the burden imposed by the collection of information; (c) ways to enhance the quality, utility, and clarity of the 13 17 E:\FR\FM\18AUN1.SGM CFR 200.30–3(a)(31). 18AUN1

Agencies

SECURITIES AND EXCHANGE COMMISSION

[Federal Register Volume 85, Number 160 (Tuesday, August 18, 2020)]
[Notices]
[Page 50861]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-17964]



[[Page 50861]]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-89531; File Nos. SR-NYSE-2020-11, SR-NYSEAMER-2020-10, 
SR-NYSEArca-2020-15, SR-NYSECHX-2020-05, SR-NYSENAT-2020-08]


Self-Regulatory Organizations; New York Stock Exchange LLC, NYSE 
Chicago, Inc., NYSE American LLC, NYSE Arca, Inc., and NYSE National, 
Inc.; Notice of Designation of a Longer Period for Commission Action on 
Proceedings To Determine Whether To Approve or Disapprove Proposed Rule 
Changes, as Modified by Amendment No. 1, To Amend the Schedule of 
Wireless Connectivity Fees and Charges To Add Wireless Connectivity 
Services

August 12, 2020.
    On February 11, 2020, New York Stock Exchange LLC, NYSE Chicago, 
Inc., NYSE Arca, Inc., and NYSE National, Inc. each filed with the 
Securities and Exchange Commission (``Commission''), pursuant to 
Section 19(b)(1) of the Securities Exchange Act of 1934 (``Act'') \1\ 
and Rule 19b-4 thereunder,\2\ a proposed rule change to amend the 
schedule of Wireless Connectivity Fees and Charges to add wireless 
connectivity services that transport the market data of the Exchanges. 
NYSE American LLC filed with the Commission a substantively identical 
filing on February 12, 2020.\3\ The proposed rule changes were 
published for comment in the Federal Register on February 25, 2020.\4\ 
On April 1, 2020, pursuant to Section 19(b)(2) of the Act,\5\ the 
Commission designated a longer period within which to either approve 
the proposed rule changes, disapprove the proposed rule changes, or 
institute proceedings to determine whether to approve or disapprove the 
proposed rule changes.\6\ On May 18, 2020, the Commission instituted 
proceedings to determine whether to approve or disapprove the proposed 
rule changes.\7\ On July 27, 2020, the Exchanges each filed Amendment 
No. 1 to the proposed rule changes. Notice of Amendment No. 1 to the 
proposed rule changes was published for comment in the Federal Register 
on August 7, 2020.\8\ The Commission has received comment letters on 
the proposed rule changes, as modified by Amendment No. 1.\9\
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ New York Stock Exchange LLC, NYSE Chicago, Inc., NYSE 
American LLC, NYSE Arca, Inc., and NYSE National, Inc. are 
collectively referred to herein as the ``Exchanges.''
    \4\ See Securities Exchange Act Release Nos. 88237 (February 19, 
2020), 85 FR 10752 (February 25, 2020) (SR-NYSE-2020-11); 88238 
(February 19, 2020), 85 FR 10776 (February 25, 2020) (SR-NYSEAMER-
2020-10); 88239 (February 19, 2020), 85 FR 10786 (February 25, 2020) 
(SR-NYSEArca-2020-15); 88240 (February 19, 2020), 85 FR 10795 
(February 25, 2020) (SR-NYSECHX-2020-05); and 88241 (February 19, 
2020), 85 FR 10738 (February 25, 2020) (SR-NYSENAT-2020-08) 
(collectively, the ``Notices'').
    \5\ 15 U.S.C. 78s(b)(2).
    \6\ See Securities Exchange Act Release No. 88540 (April 1, 
2020), 85 FR 19562 (April 7, 2020). The Commission designated May 
25, 2020, as the date by which it should approve, disapprove, or 
institute proceedings to determine whether to approve or disapprove 
the proposed rule changes.
    \7\ See Securities Exchange Act Release No. 88901 (May 18, 
2020), 85 FR 31273 (May 22, 2020).
    \8\ See Securities Exchange Act Release Nos. 89458 (August 3, 
2020), 85 FR 48045 (August 7, 2020) (SR-NYSE-2020-11); 89459 (August 
3, 2020), 85 FR 48052 (August 7, 2020) (SR-NYSEAMER-2020-10); 89460 
(August 3, 2020), 85 FR 48017 (August 7, 2020) (SR-NYSEArca-2020-
15); 89461 (August 3, 2020), 85 FR 48039 (August 7, 2020) (SR-
NYSECHX-2020-05); and 89462 (August 3, 2020), 85 FR 48008 (August 7, 
2020) (SR-NYSENAT-2020-08).
    \9\ Comments received on the proposed rule changes, as modified 
by Amendment No. 1, are available on the Commission's website at: 
https://www.sec.gov/comments/sr-nyse-2020-11/srnyse202011.htm.
---------------------------------------------------------------------------

    Section 19(b)(2) of the Act \10\ provides that, after initiating 
proceedings, the Commission shall issue an order approving or 
disapproving the proposed rule change not later than 180 days after the 
date of publication of notice of filing of the proposed rule change. 
The Commission may extend the period for issuing an order approving or 
disapproving the proposed rule change, however, by not more than 60 
days if the Commission determines that a longer period is appropriate 
and publishes the reasons for such determination. The proposed rule 
changes were published for notice and comment in the Federal Register 
on February 25, 2020.\11\ August 23, 2020 is 180 days from that date, 
and October 22, 2020 is 240 days from that date.
---------------------------------------------------------------------------

    \10\ 15 U.S.C. 78s(b)(2).
    \11\ See Notices, supra note 4.
---------------------------------------------------------------------------

    The Commission finds it appropriate to designate a longer period 
within which to issue an order approving or disapproving the proposed 
rule changes, as modified by Amendment No. 1, so that it has sufficient 
time to consider the proposed rule changes, as modified by Amendment 
No. 1, the issues raised in the comment letters that have been 
submitted in connection therewith, and the Exchanges' responses to 
comments. Accordingly, the Commission, pursuant to Section 19(b)(2) of 
the Act,\12\ designates October 22, 2020 as the date by which the 
Commission should either approve or disapprove the proposed rule 
changes (File Nos. SR-NYSE-2020-11, SR-NYSEAMER-2020-10, SR-NYSEArca-
2020-15, SR-NYSECHX-2020-05, SR-NYSENAT-2020-08), as modified by 
Amendment No. 1.
---------------------------------------------------------------------------

    \12\ 15 U.S.C. 78s(b)(2).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\13\
---------------------------------------------------------------------------

    \13\ 17 CFR 200.30-3(a)(31).
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J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020-17964 Filed 8-17-20; 8:45 am]
BILLING CODE 8011-01-P

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