Self-Regulatory Organizations; MIAX PEARL, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Exchange Rule 2613 Usage of Data Feeds, 55704-55706 [2020-19845]
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55704
Federal Register / Vol. 85, No. 175 / Wednesday, September 9, 2020 / Notices
request, the Commission appoints an
officer of the Commission to represent
the interests of the general public in the
proceeding, pursuant to 39 U.S.C. 505
Office of Personnel Management.
(Public Representative). Section II also
Alexys Stanley,
establishes comment deadline(s)
Regulatory Affairs Analyst.
pertaining to each request.
[FR Doc. 2020–19877 Filed 9–8–20; 8:45 am]
The public portions of the Postal
BILLING CODE 6325–38–P
Service’s request(s) can be accessed via
the Commission’s website (https://
www.prc.gov). Non-public portions of
POSTAL REGULATORY COMMISSION
the Postal Service’s request(s), if any,
can be accessed through compliance
[Docket Nos. MC2020–237 and CP2020–267;
of 39 CFR
MC2020–238 and CP2020–268; MC2020–239 with the requirements
1
and CP2020–269; MC2020–240 and CP2020– 3011.301.
The Commission invites comments on
270]
whether the Postal Service’s request(s)
New Postal Products
in the captioned docket(s) are consistent
with the policies of title 39. For
AGENCY: Postal Regulatory Commission.
request(s) that the Postal Service states
ACTION: Notice.
concern market dominant product(s),
applicable statutory and regulatory
SUMMARY: The Commission is noticing a
requirements include 39 U.S.C. 3622, 39
recent Postal Service filing for the
U.S.C. 3642, 39 CFR part 3030, and 39
Commission’s consideration concerning
CFR part 3040, subpart B. For request(s)
a negotiated service agreement. This
that the Postal Service states concern
notice informs the public of the filing,
competitive product(s), applicable
invites public comment, and takes other
statutory and regulatory requirements
administrative steps.
include 39 U.S.C. 3632, 39 U.S.C. 3633,
DATES: Comments are due: September
39 U.S.C. 3642, 39 CFR part 3035, and
14, 2020.
39 CFR part 3040, subpart B. Comment
ADDRESSES: Submit comments
deadline(s) for each request appear in
electronically via the Commission’s
section II.
Filing Online system at https://
www.prc.gov. Those who cannot submit II. Docketed Proceeding(s)
1. Docket No(s).: MC2020–237 and
comments electronically should contact
the person identified in the FOR FURTHER CP2020–267; Filing Title: USPS Request
to Add Priority Mail & First-Class
INFORMATION CONTACT section by
Package Service Contract 165 to
telephone for advice on filing
Competitive Product List and Notice of
alternatives.
Filing Materials Under Seal; Filing
FOR FURTHER INFORMATION CONTACT:
Acceptance Date: September 2, 2020;
David A. Trissell, General Counsel, at
Filing Authority: 39 U.S.C. 3642, 39 CFR
202–789–6820.
3040.130 through 3040.135, and 39 CFR
SUPPLEMENTARY INFORMATION:
3035.105; Public Representative: Maya
Moore; Comments Due: September 14,
Table of Contents
2020.
I. Introduction
2. Docket No(s).: MC2020–238 and
II. Docketed Proceeding(s)
CP2020–268; Filing Title: USPS Request
I. Introduction
to Add Priority Mail Contract 655 to
The Commission gives notice that the Competitive Product List and Notice of
Filing Materials Under Seal; Filing
Postal Service filed request(s) for the
Commission to consider matters related Acceptance Date: September 2, 2020;
Filing Authority: 39 U.S.C. 3642, 39 CFR
to negotiated service agreement(s). The
3040.130 through 3040.135, and 39 CFR
request(s) may propose the addition or
3035.105; Public Representative: Maya
removal of a negotiated service
agreement from the market dominant or Moore; Comments Due: September 14,
2020.
the competitive product list, or the
3. Docket No(s).: MC2020–239 and
modification of an existing product
CP2020–269; Filing Title: USPS Request
currently appearing on the market
to Add Priority Mail Contract 656 to
dominant or the competitive product
Competitive Product List and Notice of
list.
Filing Materials Under Seal; Filing
Section II identifies the docket
Acceptance Date: September 2, 2020;
number(s) associated with each Postal
Service request, the title of each Postal
1 See Docket No. RM2018–3, Order Adopting
Service request, the request’s acceptance Final
Rules Relating to Non-Public Information,
date, and the authority cited by the
June 27, 2018, Attachment A at 19–22 (Order No.
Postal Service for each request. For each 4679).
Estimated Time per Respondent: 45
minutes.
Total Burden Hours: 2,325 hours.
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Filing Authority: 39 U.S.C. 3642, 39 CFR
3040.130 through 3040.135, and 39 CFR
3035.105; Public Representative:
Christopher C. Mohr; Comments Due:
September 14, 2020.
4. Docket No(s).: MC2020–240 and
CP2020–270; Filing Title: USPS Request
to Add Priority Mail Contract 657 to
Competitive Product List and Notice of
Filing Materials Under Seal; Filing
Acceptance Date: September 2, 2020;
Filing Authority: 39 U.S.C. 3642, 39 CFR
3040.130 through 3040.135, and 39 CFR
3035.105; Public Representative:
Christopher C. Mohr; Comments Due:
September 14, 2020.
This Notice will be published in the
Federal Register.
Erica A. Barker,
Secretary.
[FR Doc. 2020–19869 Filed 9–8–20; 8:45 am]
BILLING CODE 7710–FW–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–89747; File No. SR–
PEARL–2020–11]
Self-Regulatory Organizations; MIAX
PEARL, LLC; Notice of Filing and
Immediate Effectiveness of a Proposed
Rule Change To Amend Exchange
Rule 2613 Usage of Data Feeds
September 2, 2020.
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 August
24, 2020, MIAX PEARL, LLC (‘‘MIAX
PEARL’’ or ‘‘Exchange’’) filed with the
Securities and Exchange Commission
(‘‘Commission’’) a 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 is filing a proposal to
amend Exchange Rule 2613 to specify
the Exchange’s source of market data for
MEMX, LLC (‘‘MEMX’’).
The text of the proposed rule change
is available on the Exchange’s website at
https://www.miaxoptions.com/rulefilings/pearl at MIAX PEARL’s principal
office, and at the Commission’s Public
Reference Room.
1 15
2 17
E:\FR\FM\09SEN1.SGM
U.S.C. 78s(b)(1).
CFR 240.19b–4.
09SEN1
Federal Register / Vol. 85, No. 175 / Wednesday, September 9, 2020 / 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
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.
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
Exchange Rule 2613, 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
2613(a) to specify that, with respect to
MEMX, 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 MEMX.3
2. Statutory Basis
The proposed rule change is
consistent with Section 6(b) of the Act,4
in general, and furthers the objectives of
Section 6(b)(5),5 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
Exchange Rule 2613(a) to include the
3 MEMX
announced that it intends to launch
operations as an equities exchange on September 4,
2020. See MEMX Timeline Update—Launch Set for
September 4th, available at https://memx.com/
memx-timeline-update-launch-set-for-september4th/.
4 15 U.S.C. 78f(b).
5 15 U.S.C. 78f(b)(5).
VerDate Sep<11>2014
17:06 Sep 08, 2020
Jkt 250001
data feed source for MEMX will ensure
that Rule 2613 correctly identifies and
publicly states on a market-by-market
basis all of the specific SIP 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.
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
Written comments were neither
solicited nor received.
III. Date of Effectiveness of the
Proposed Rule Change and Timing for
Commission Action
Because the foregoing 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 after the date of
the filing, or such shorter time as the
Commission may designate, it has
become effective pursuant to 19(b)(3)(A)
of the Act 6 and Rule 19b–4(f)(6) 7
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
6 15
U.S.C. 78s(b)(3)(A).
CFR 240.19b–4(f)(6). In addition, Rule 19b–
4(f)(6) requires a self-regulatory organization to give
the Commission written notice of its intent to file
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.
7 17
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55705
the purposes of the Act. If the
Commission takes such action, the
Commission shall institute proceedings
to determine whether the proposed rule
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–
PEARL–2020–11 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–PEARL–2020–11. 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–PEARL–2020–11 and
should be submitted on or before
September 30, 2020.
E:\FR\FM\09SEN1.SGM
09SEN1
55706
Federal Register / Vol. 85, No. 175 / Wednesday, September 9, 2020 / Notices
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.8
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020–19845 Filed 9–8–20; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Investment Company Act Release No.
34001; 812–15147]
Resource Credit Income Fund and
Sierra Crest Investment Management
LLC
September 2, 2020.
Securities and Exchange
Commission (‘‘Commission’’).
ACTION: Notice.
AGENCY:
Notice of an application under section
6(c) of the Investment Company Act of
1940 (the ‘‘Act’’) for an exemption from
sections 18(a)(2), 18(c), and 18(i) of the
Act, under sections 6(c) and 23(c) of the
Act for an exemption from rule 23c–3
under the Act, and for an order pursuant
to section 17(d) of the Act and rule 17d–
1 under the Act.
SUMMARY: Applicants request an order to
permit certain registered closed-end
management investment companies to
issue multiple classes of shares and to
impose asset-based distribution and/or
service fees, and early withdrawal
charges (‘‘EWCs’’).
APPLICANTS: Resource Credit Income
Fund (the ‘‘Initial Fund’’) and Sierra
Crest Investment Management LLC (the
‘‘Adviser’’).
FILING DATES: The application was filed
on August 4, 2020.
HEARING OR NOTIFICATION OF HEARING:
An order granting the requested relief
will be issued unless the Commission
orders a hearing. Interested persons may
request a hearing by emailing the
Commission’s Secretary at SecretarysOffice@sec.gov and serving applicants
with a copy of the request by email.
Hearing requests should be received by
the Commission by 5:30 p.m. on
September 28, 2020, and should be
accompanied by proof of service on the
applicants, in the form of an affidavit or,
for lawyers, a certificate of service.
Pursuant to rule 0–5 under the Act,
hearing requests should state the nature
of the writer’s interest, any facts bearing
upon the desirability of a hearing on the
matter, the reason for the request, and
the issues contested. Persons who wish
to be notified of a hearing may request
8 17
CFR 200.30–3(a)(12).
VerDate Sep<11>2014
17:06 Sep 08, 2020
Jkt 250001
notification by emailing the
Commission’s Secretary at SecretarysOffice@sec.gov.
ADDRESSES: The Commission:
Secretarys-Office@sec.gov. Applicants:
by email to William.Bielefeld@
dechert.com; Harry.Pangas@
dechert.com; Ted.Gilpin@
bcpartners.com; Henry.Wang@
bcpartners.com; and JoAnn.Strasser@
thompsonhine.com.
FOR FURTHER INFORMATION CONTACT:
Laura L. Solomon, Senior Counsel, at
(202) 551–6915, or Kaitlin C. Bottock,
Branch Chief, at (202) 551–6825
(Division of Investment Management,
Chief Counsel’s Office).
SUPPLEMENTARY INFORMATION: The
following is a summary of the
application. The complete application
may be obtained via the Commission’s
website by searching for the file
number, or for an applicant using the
Company name box, at https://
www.sec.gov/search/search.htm or by
calling (202) 551–8090.
Applicants’ Representations
1. The Initial Fund is a Delaware
statutory trust that is registered under
the Act as a diversified, closed-end
management investment company. The
Initial Fund operates as an ‘‘interval
fund’’ pursuant to rule 23c–3 under the
Act and continuously offers its shares.
2. The Adviser is a Delaware limited
liability company registered as an
investment adviser under the
Investment Advisers Act of 1940. The
Adviser will serve as investment adviser
to the Initial Fund.
3. Applicants seek an order to permit
the Initial Fund to issue multiple classes
of shares, each having its own fee and
expense structure, and to impose assetbased distribution and/or service fees,
and EWCs.
4. Applicants request that the order
also apply to any continuously offered
registered closed-end management
investment company that has been
previously organized or that may be
organized in the future for which the
Adviser or any entity controlling,
controlled by, or under common control
with the Adviser, or any successor in
interest to any such entity,1 acts as
investment adviser, respectively, and
which operates as an interval fund
pursuant to rule 23c–3 under the Act or
provides periodic liquidity with respect
to its shares pursuant to rule 13e–4
under the Securities Exchange Act of
1934 (the ‘‘Exchange Act’’) (each, a
1 A successor in interest is limited to an entity
that results from a reorganization into another
jurisdiction or a change in the type of business
organization.
PO 00000
Frm 00071
Fmt 4703
Sfmt 4703
‘‘Future Fund’’ and together with the
Initial Fund, the ‘‘Funds’’).2
5. The Initial Fund makes a
continuous public offering of its Shares.
Applicants state that additional
offerings by any Fund relying on the
order may be on a private placement or
public offering basis. Shares of the
Funds will not be listed on any
securities exchange, nor quoted on any
quotation medium. The Funds do not
expect there to be a secondary trading
market for their Shares.
6. The Initial Fund currently offers
five classes of shares pursuant to
exemptive relief granted by the
Commission.3 If the requested relief is
granted, the Initial Fund may also offer
additional classes of shares in the
future, with each class having its own
fee and expense structure.
7. Applicants state that, from time to
time, the Funds may create additional
classes of shares, the terms of which
may differ from the initial class
pursuant to and in compliance with rule
18f–3 under the Act.
8. Applicants state that shares of a
Fund may be subject to a repurchase fee
at a rate of no greater than 2% of the
shareholder’s repurchase proceeds if the
interval between the date of purchase of
the shares and the valuation date with
respect to the repurchase of those shares
is less than one year. Any repurchase
fee will apply equally to all classes of
shares of a Fund, consistent with
section 18 of the Act and rule 18f–3
thereunder. Further, applicants
represent that to the extent a Fund
determines to waive, impose scheduled
variations of, or eliminate any
repurchase fee, it will do so consistently
with the requirements of rule 22d–1
under the Act as if the repurchase fee
were a CDSL (defined below) and as if
the Fund were an open-end investment
company and the Fund’s waiver of,
scheduled variation in, or elimination
of, any such repurchase fee will apply
uniformly to all shareholders of the
Fund regardless of class.
9. Applicants state that the Initial
Fund has adopted a fundamental policy
to repurchase a specified percentage of
its shares (no less than 5% and not more
2 Any Fund relying on this relief in the future will
do so in compliance with the terms and conditions
of the application. Applicants represent that each
entity presently intending to rely on the requested
relief is listed as an applicant.
3 See Resource Real Estate Diversified Income
Fund and Resource Real Estate, Inc., Investment Co.
Act Rel. No. 31093 (June 23, 2014) (Notice) and
Investment Co. Act Rel. No. 31162 (July 22, 2014)
(Order) (the ‘‘Resource Order’’). The order would
supersede the Resource Order with respect to the
Initial Fund such that neither the Initial Fund nor
the Adviser would rely on the Resource Order if the
order is granted.
E:\FR\FM\09SEN1.SGM
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]]>Agencies
[Federal Register Volume 85, Number 175 (Wednesday, September 9, 2020)]
[Notices]
[Pages 55704-55706]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-19845]
=======================================================================
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-89747; File No. SR-PEARL-2020-11]
Self-Regulatory Organizations; MIAX PEARL, LLC; Notice of Filing
and Immediate Effectiveness of a Proposed Rule Change To Amend Exchange
Rule 2613 Usage of Data Feeds
September 2, 2020.
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 August 24, 2020, MIAX PEARL, LLC (``MIAX PEARL'' or ``Exchange'')
filed with the Securities and Exchange Commission (``Commission'') a
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 is filing a proposal to amend Exchange Rule 2613 to
specify the Exchange's source of market data for MEMX, LLC (``MEMX'').
The text of the proposed rule change is available on the Exchange's
website at https://www.miaxoptions.com/rule-filings/pearl at MIAX
PEARL's principal office, and at the Commission's Public Reference
Room.
[[Page 55705]]
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.
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 Exchange Rule 2613, 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 2613(a) to specify that,
with respect to MEMX, 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 MEMX.\3\
---------------------------------------------------------------------------
\3\ MEMX announced that it intends to launch operations as an
equities exchange on September 4, 2020. See MEMX Timeline Update--
Launch Set for September 4th, available at https://memx.com/memx-timeline-update-launch-set-for-september-4th/.
---------------------------------------------------------------------------
2. Statutory Basis
The proposed rule change is consistent with Section 6(b) of the
Act,\4\ in general, and furthers the objectives of Section 6(b)(5),\5\
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 Exchange Rule 2613(a) to include the data feed source for MEMX
will ensure that Rule 2613 correctly identifies and publicly states on
a market-by-market basis all of the specific SIP 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.
---------------------------------------------------------------------------
\4\ 15 U.S.C. 78f(b).
\5\ 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
Written comments were neither solicited nor received.
III. Date of Effectiveness of the Proposed Rule Change and Timing for
Commission Action
Because the foregoing 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 after the date of the filing, or such
shorter time as the Commission may designate, it has become effective
pursuant to 19(b)(3)(A) of the Act \6\ and Rule 19b-4(f)(6) \7\
thereunder.
---------------------------------------------------------------------------
\6\ 15 U.S.C. 78s(b)(3)(A).
\7\ 17 CFR 240.19b-4(f)(6). In addition, Rule 19b-4(f)(6)
requires a self-regulatory organization to give the Commission
written notice of its intent to file 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 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 [email protected]. Please include
File Number SR-PEARL-2020-11 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-PEARL-2020-11. 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-PEARL-2020-11 and should be submitted on
or before September 30, 2020.
[[Page 55706]]
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\8\
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\8\ 17 CFR 200.30-3(a)(12).
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J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020-19845 Filed 9-8-20; 8:45 am]
BILLING CODE 8011-01-P
