Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Make Qualified Contingent Cross Orders Available for FLEX Trading, 63312-63313 [2020-22095]
Download as PDF
<![CDATA[
63312
Federal Register / Vol. 85, No. 195 / Wednesday, October 7, 2020 / Notices
Electronic Comments
(B) Clearing Agency’s Statement on
Burden on Competition
Section 17A(b)(3)(I) of the Act 35
requires that the rules of a clearing
agency not impose any burden on
competition not necessary or
appropriate in furtherance of the
purposes of the Act. OCC does not
believe that the proposal would impose
any burden on competition.36 The
primary purpose of the proposed rule
change is to update and clarify the
existing X–M Agreement to reflect
current practices and also streamline
Clearing Member agreements. The
proposed rule change would not affect
any individual Clearing Member’s
current rights or ability to access OCC
services or disadvantage or favor any
particular user in relationship to
another. As such, OCC believes that the
proposed changes would not have any
impact or impose any burden on
competition.
(C) Clearing Agency’s Statement on
Comments on the Proposed Rule
Change Received From Members,
Participants or Others
Written comments were not and are
not intended to be solicited with respect
to the proposed change and none have
been received. OCC will notify the
Commission of any written comments
received by OCC.
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
the 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:
• 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–
OCC–2020–011 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–OCC–2020–011. 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 such
filing also will be available for
inspection and copying at the principal
office of OCC and on OCC’s website at
https://www.theocc.com/CompanyInformation/Documents-and-Archives/
By-Laws-and-Rules#rule-filings.
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–OCC–2020–011 and should
be submitted on or before October 28,
2020.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.37
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020–22096 Filed 10–6–20; 8:45 am]
BILLING CODE 8011–01–P
35 15
U.S.C. 78q–1(b)(3)(I).
36 Id.
VerDate Sep<11>2014
37 17
17:21 Oct 06, 2020
Jkt 253001
PO 00000
CFR 200.30–3(a)(12).
Frm 00068
Fmt 4703
Sfmt 4703
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–90062; File No. SR–CBOE–
2020–075]
Self-Regulatory Organizations; Cboe
Exchange, Inc.; Notice of Designation
of a Longer Period for Commission
Action on a Proposed Rule Change To
Make Qualified Contingent Cross
Orders Available for FLEX Trading
October 1, 2020.
On August 3, 2020, Cboe Exchange,
Inc. (the ‘‘Exchange’’ or ‘‘Cboe
Options’’) 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 make Qualified
Contingent Cross Orders available for
FLEX trading. The proposed rule change
was published for comment in the
Federal Register on August 20, 2020.3
Section 19(b)(2) of the Act 4 provides
that, within 45 days of the publication
of notice of the filing of a proposed rule
change, or within such longer period up
to 90 days as the Commission may
designate if it finds such longer period
to be appropriate and publishes its
reasons for so finding, or as to which the
self-regulatory organization consents,
the Commission shall either approve the
proposed rule change, disapprove the
proposed rule change, or institute
proceedings to determine whether the
proposed rule change should be
disapproved. The 45th day after
publication of the notice for this
proposed rule change is October 4,
2020.
The Commission is extending this 45day time period. The Commission finds
that it is appropriate to designate a
longer period within which to take
action on the proposal so that it has
sufficient time to consider the proposed
rule change. Accordingly, the
Commission, pursuant to Section
19(b)(2) of the Act,5 designates
November 18, 2020, as the date by
which the Commission shall either
approve or disapprove, or institute
proceedings to determine whether to
disapprove, the proposed rule change
(File No. SR–CBOE–2020–075).
1 15
U.S.C. 78s(b)(1).
CFR 240.19b–4.
3 See Securities Exchange Act Release No. 89564
(August 14, 2020), 85 FR 51531.
4 15 U.S.C. 78s(b)(2).
5 Id.
2 17
E:\FR\FM\07OCN1.SGM
07OCN1
Federal Register / Vol. 85, No. 195 / Wednesday, October 7, 2020 / Notices
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.6
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020–22095 Filed 10–6–20; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–90073; File No. 4–533]
Joint Industry Plan; Notice of Filing
and Immediate Effectiveness of
Amendment to the National Market
System Plan for the Selection and
Reservation of Securities Symbols To
Add MIAX PEARL LLC as a Party
Thereto
October 1, 2020.
Pursuant to Section 11A(a)(3) of the
Securities Exchange Act of 1934
(‘‘Act’’) 1 and Rule 608 thereunder,2
notice is hereby given that on
September 8, 2020, MIAX PEARL, LLC
(‘‘MIAX PEARL’’ or the ‘‘Exchange’’)
filed with the Securities and Exchange
Commission (‘‘Commission’’) an
amendment to the National Market
System Plan for the Selection and
Reservation of Securities Symbols
(‘‘Symbology Plan’’ or ‘‘Plan’’).3 The
amendment proposes to add MIAX
PEARL as a party to the Symbology
Plan. The Commission is publishing this
notice to solicit comments on the
proposed amendment from interested
persons.
I. Description and Purpose of the
Amendment
The current parties to the Symbology
Plan are BOX Options Exchange, LLC
(‘‘BOX’’), Nasdaq BX, Inc. (‘‘BX’’), Cboe
BZX Exchange, Inc. (‘‘CboeBZX’’), Cboe
EDGA Exchange, Inc. (‘‘CboeEDGA’’),
Cboe EDGX Exchange, Inc.
(‘‘CboeEDGX’’), Cboe Exchange, Inc.
(‘‘Cboe’’), CHX, FINRA, Investors
Exchange, LLC (‘‘IEX’’), Miami
International Securities Exchange, LLC
(‘‘MIAX’’), Nasdaq ISE, LLC (‘‘ISE’’),
Nasdaq, New York Stock Exchange LLC
6 17
CFR 200.30–3(a)(31).
U.S.C. 78k–1(a)(3).
2 17 CFR 242.608.
3 On November 6, 2008, the Commission
approved the Symbology Plan that was originally
proposed by the Chicago Stock Exchange, Inc.
(‘‘CHX’’), The Nasdaq Stock Market, Inc. (n/k/a The
Nasdaq Stock Market LLC) (‘‘Nasdaq’’), National
Association of Securities Dealers, Inc. (‘‘NASD’’) (n/
k/a Financial Industry Regulatory Authority, Inc.
(‘‘FINRA’’)), National Stock Exchange, Inc. (‘‘NSX’’)
(n/k/a NYSE National, Inc. (‘‘NYSE National’’)), and
Philadelphia Stock Exchange, Inc. (n/k/a Nasdaq
PHLX LLC (‘‘Phlx’’)), subject to certain changes. See
Securities Exchange Act Release No. 58904, 73 FR
67218 (November 13, 2008) (File No. 4–533).
1 15
VerDate Sep<11>2014
17:21 Oct 06, 2020
Jkt 253001
(‘‘NYSE’’), NYSE American LLC (‘‘NYSE
American’’), NYSE National, NYSE
Arca, Inc. (‘‘NYSE Arca’’), Phlx, LongTerm Stock Exchange (‘‘LTSE’’), and
MEMX LLC (‘‘MEMX’’).4 The proposed
amendment to the Symbology Plan
would add MEMX as a party to the
Symbology Plan. A self-regulatory
organization (‘‘SRO’’) may become a
party to the Symbology Plan if it
satisfies the requirements of Section I(c)
of the Plan. Specifically, an SRO may
become a party to the Symbology Plan
if: (i) It maintains a market for the listing
or trading of Plan Securities 5 in
accordance with rules approved by the
Commission; (ii) it signs a current copy
of the Plan; and (iii) it pays to the other
parties a proportionate share of the
aggregate development costs, based
upon the number of symbols reserved
by the new party during the first twelve
4 On November 18, 2008, ISE filed with the
Commission an amendment to the Plan to add ISE
as a member to the Plan. See Securities and
Exchange Act Release No. 59024 (November 26,
2008), 73 FR 74538 (December 8, 2008) (File No. 4–
533). On December 22, 2008, NYSE, NYSE Arca,
and NYSE Alternext (n/k/a NYSE American)
(‘‘NYSE Group Exchanges’’), and Cboe filed with
the Commission amendments to the Plan to add the
NYSE Group Exchanges and Cboe as members to
the Plan. See Securities Exchange Act Release No.
59162 (December 24, 2008), 74 FR 132 (January 2,
2009) (File No. 4–533). On December 24, 2008, BSE
(n/k/a BX) filed with the Commission an
amendment to the Plan to add BSE as a member to
the Plan. See Securities Exchange Act Release No.
59187 (December 30, 2008), 74 FR 729 (January 7,
2009) (File No. 4–533). On September 30, 2009,
BATS (n/k/a CboeBZX) filed with the Commission
an amendment to the Plan to add BATS as a
member to the Plan. See Securities Exchange Act
Release No. 60856 (October 21, 2009), 74 FR 55276
(October 27, 2009) (File No. 4–533). On July 7,
2010, EDGA (n/k/a CboeEDGA) and EDGX (n/k/a
CboeEDGX) filed with the Commission an
amendment to the Plan to add EDGA and EDGX,
each as a party to the Symbology Plan. See
Securities Exchange Act Release No. 62573 (July 26,
2010), 75 FR 45682 (August 3, 2010) (File No. 4–
533). On May 7, 2012, BOX filed with the
Commission an amendment to the Plan to add BOX
as a member to the Plan. See Securities and
Exchange Act Release No. 66957 (May 10, 2012), 77
FR 28904 (May 16, 2012). On November 4, 2016,
IEX filed with the Commission an amendment to
the Plan to add IEX as a member to the Plan. See
Securities Exchange Act Release No. 79422
(November 29, 2016), 81 FR 87645 (December 5,
2016). On February 26, 2018, MIAX filed with the
Commission an amendment to the Plan to add
MIAX as a member to the Plan. See Securities
Exchange Act Release No. 82885 (March 15, 2018),
83 FR 12430 (March 21, 2018). On October 17,
2019, LTSE filed with the Commission an
amendment to the Plan to add LTSE as a member
to the Plan. See Securities Exchange Act Release
No. 87597 (November 22, 2019), 84 FR 65448
(November 27, 2019). On July 6, 2020, MEMX filed
with the Commission and amendment to the Plan
to add MEMX as a member to the Plan. See
Securities Exchange Act Release No. 89419 (July 29,
2020), 85 FR 46767 (August 3, 2020).
5 ‘‘Plan Securities’’ are defined in the Symbology
Plan as securities that: (i) Are NMS securities as
currently defined in Rule 600(a)(46) under the Act;
and (ii) any other equity securities quoted, traded
and/or trade reported through an SRO facility.
PO 00000
Frm 00069
Fmt 4703
Sfmt 4703
63313
(12) months of such party’s
membership.6
MIAX PEARL has submitted a signed
copy of the Symbology Plan to the
Commission in accordance with the
requirement set forth in the Symbology
Plan regarding new parties to the plan.
Additionally, MIAX PEARL has
represented that it maintains a market
for the listing or trading of Plan
Securities. Finally, MIAX PEARL has
agreed to pay all costs required by
MIAX PEARL pursuant to the
Symbology Plan, including its
proportionate share of the aggregate
development costs previously paid by
the other parties to the Processor.
II. Effectiveness of the Proposed
Symbology Plan Amendment
The foregoing proposed Symbology
Plan amendment has become effective
pursuant to Rule 608(b)(3)(iii) 7 because
it involves solely technical or
ministerial matters. At any time within
sixty days of the filing of the
amendment, the Commission may
summarily abrogate the amendment and
require that it be refiled pursuant to
paragraph (b)(1) of Rule 608,8 if it
appears to the Commission that such
action is necessary or appropriate in the
public interest, for the protection of
investors or the maintenance of fair and
orderly markets, to remove impediments
to, and perfect the mechanisms of, a
national market system or otherwise in
furtherance of the purposes of the Act.
III. Solicitation of Comments
Interested persons are invited to
submit written data, views, and
arguments concerning the foregoing,
including whether the Amendment 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 4–
533 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 4–533. This file number should
be included on the subject line if email
is used. To help the Commission
6 Sections
I(c) and V(a) of the Plan.
CFR 242.608(b)(3)(iii).
8 17 CFR 242.608(b)(1).
7 17
E:\FR\FM\07OCN1.SGM
07OCN1
]]>Agencies
[Federal Register Volume 85, Number 195 (Wednesday, October 7, 2020)]
[Notices]
[Pages 63312-63313]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-22095]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-90062; File No. SR-CBOE-2020-075]
Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of
Designation of a Longer Period for Commission Action on a Proposed Rule
Change To Make Qualified Contingent Cross Orders Available for FLEX
Trading
October 1, 2020.
On August 3, 2020, Cboe Exchange, Inc. (the ``Exchange'' or ``Cboe
Options'') 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 make Qualified Contingent Cross Orders
available for FLEX trading. The proposed rule change was published for
comment in the Federal Register on August 20, 2020.\3\
---------------------------------------------------------------------------
\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
\3\ See Securities Exchange Act Release No. 89564 (August 14,
2020), 85 FR 51531.
---------------------------------------------------------------------------
Section 19(b)(2) of the Act \4\ provides that, within 45 days of
the publication of notice of the filing of a proposed rule change, or
within such longer period up to 90 days as the Commission may designate
if it finds such longer period to be appropriate and publishes its
reasons for so finding, or as to which the self-regulatory organization
consents, the Commission shall either approve the proposed rule change,
disapprove the proposed rule change, or institute proceedings to
determine whether the proposed rule change should be disapproved. The
45th day after publication of the notice for this proposed rule change
is October 4, 2020.
---------------------------------------------------------------------------
\4\ 15 U.S.C. 78s(b)(2).
---------------------------------------------------------------------------
The Commission is extending this 45-day time period. The Commission
finds that it is appropriate to designate a longer period within which
to take action on the proposal so that it has sufficient time to
consider the proposed rule change. Accordingly, the Commission,
pursuant to Section 19(b)(2) of the Act,\5\ designates November 18,
2020, as the date by which the Commission shall either approve or
disapprove, or institute proceedings to determine whether to
disapprove, the proposed rule change (File No. SR-CBOE-2020-075).
---------------------------------------------------------------------------
\5\ Id.
[[Page 63313]]
---------------------------------------------------------------------------
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\6\
---------------------------------------------------------------------------
\6\ 17 CFR 200.30-3(a)(31).
---------------------------------------------------------------------------
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020-22095 Filed 10-6-20; 8:45 am]
BILLING CODE 8011-01-P
