Consolidated Tape Association; Notice of Filing and Immediate Effectiveness of the Thirty-Fifth Substantive Amendment to the Second Restatement of the CTA Plan and Twenty-Sixth Substantive Amendment to the Restated CQ Plan, 63606-63607 [2020-22341]

Download as PDF 63606 Federal Register / Vol. 85, No. 196 / Thursday, October 8, 2020 / Notices 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, on business days between the hours of 10:00 a.m. and 3:00 p.m., located at 100 F Street NE, Washington, DC 20549. Copies of such 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–NYSEAMER–2020–69 and should be submitted on or before October 29, 2020. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.24 J. Matthew DeLesDernier, Assistant Secretary. [FR Doc. 2020–22257 Filed 10–7–20; 8:45 am] BILLING CODE 8011–01–P September 4, 2020,3 the Participants 4 in the Second Restatement of the Consolidated Tape Association (‘‘CTA’’) Plan and the Restated Consolidated Quotation (‘‘CQ’’) Plan (‘‘CTA/CQ Plans’’ or ‘‘Plans’’) filed with the Securities and Exchange Commission (‘‘Commission’’) a proposal to amend the Plans. The amendments represent the Thirty-Fifth Substantive Amendment to the CTA Plan and Twenty-Sixth Substantive Amendment to the CQ Plan (‘‘Amendments’’). Under the Amendments, the Participants propose to add MIAX PEARL, LLC (‘‘MIAX PEARL’’) as a Participant to the Plans. The proposed Amendments have been filed by the Participants pursuant to Rule 608(b)(3)(ii) under Regulation NMS 5 as concerned solely with the administration of the Plans and as ‘‘Ministerial Amendments’’ under both Section IV(b) of the CTA Plan and Section IV(c) of the CQ Plan. As a result, the Amendments become effective upon filing and can be submitted by the Chair of the Plan’s Operating Committee. The Commission is publishing this notice to solicit comments on the Amendments from interested persons. Set forth in Sections I and II is the statement of the purpose and summary of the Amendments, along with the information required by Rules 608(a) and 601(a) under the Act, prepared and submitted by the Participants to the Commission. Committee may submit the Amendments to the Commission on behalf of the Participants in the Plans. Because the Participants designate the Amendments as concerned solely with the administration of the Plans, the Amendments become effective upon filing with the Commission. I. Rule 608(a) J. Method of Determination and Imposition, and Amount of, Fees and Charges A. Purpose of the Amendment The above-captioned Amendments add MIAX PEARL as a Participant to the Plans. B. Governing or Constituent Documents SECURITIES AND EXCHANGE COMMISSION C. Implementation of Amendment Consolidated Tape Association; Notice of Filing and Immediate Effectiveness of the Thirty-Fifth Substantive Amendment to the Second Restatement of the CTA Plan and Twenty-Sixth Substantive Amendment to the Restated CQ Plan khammond on DSKJM1Z7X2PROD with NOTICES October 1, 2020. Pursuant to Section 11A of the Securities Exchange Act of 1934 (‘‘Act’’) 1 and Rule 608 thereunder,2 notice is hereby given that on 24 17 CFR 200.30–3(a)(12). U.S.C 78k–1(a)(3). 2 17 CFR 242.608. 1 15 VerDate Sep<11>2014 17:48 Oct 07, 2020 Jkt 253001 Because the Amendments constitute ‘‘Ministerial Amendments’’ under both Section IV(b) of the CTA Plan and Section IV(c) under the CQ Plan, the Chairman of the Plan’s Operating 3 See Letter from Robert Books, Chairman, Operating Committee, CTA/CQ Plans, to Vanessa Countryman, Secretary, Commission, dated September 3, 2020. 4 The Participants are: Cboe BYX Exchange, Inc., Cboe BZX Exchange, Inc., Cboe EDGA Exchange, Inc., Cboe EDGX Exchange, Inc., Cboe Exchange, Inc., Financial Industry Regulatory Authority, Inc., The Investors’ Exchange LLC, Long-Term Stock Exchange, Inc., MEMX LLC, MIAX PEARL, LLC, Nasdaq BX, Inc., Nasdaq ISE, LLC, Nasdaq PHLX, Inc., The Nasdaq Stock Market LLC, New York Stock Exchange LLC, NYSE American LLC, NYSE Arca, Inc., NYSE Chicago, Inc., and NYSE National, Inc. (collectively, the ‘‘Participants’’). 5 17 CFR 242.608(b)(2). PO 00000 Frm 00107 Fmt 4703 Not applicable. E. Analysis of Impact on Competition The Amendments do not impose any burden on competition because they simply add MIAX PEARL as a Participant to the Plans. MIAX PEARL has completed the required steps to be added to the Plans. F. Written Understanding or Agreement Relating to Interpretation of, or Participation in Plan Not applicable. G. Approval by Sponsors in Accordance With Plan See Item I.C. above. H. Description of Operation of Facility Contemplated by the Proposed Amendment Not applicable. I. Terms and Conditions of Access Not applicable. Not applicable. K. Method and Frequency of Processor Evaluation Not applicable. Not applicable. [Release No. 34–90071; File No. SR–CTA/ CQ–2020–02] D. Development and Implementation Phases Sfmt 4703 L. Dispute Resolution Not applicable. II. Regulation NMS Rule 601(a) A. Equity Securities for Which Transaction Reports Shall be Required by the Plan Not applicable. B. Reporting Requirements Not applicable. C. Manner of Collecting, Processing, Sequencing, Making Available and Disseminating Last Sale Information Not applicable. D. Manner of Consolidation Not applicable. E:\FR\FM\08OCN1.SGM 08OCN1 Federal Register / Vol. 85, No. 196 / Thursday, October 8, 2020 / Notices E. Standards and Methods Ensuring Promptness, Accuracy and Completeness of Transaction Reports Not applicable. F. Rules and Procedures Addressed to Fraudulent or Manipulative Dissemination Not applicable. G. Terms of Access to Transaction Reports Not applicable. By the Commission. J. Matthew DeLesDernier, Assistant Secretary. H. Identification of Marketplace of Execution Not applicable. [FR Doc. 2020–22341 Filed 10–7–20; 8:45 am] III. Solicitation of Comments The Commission seeks comments on the Amendments. Interested persons are invited to submit written data, views, and arguments concerning the foregoing, including whether the proposed Amendments are consistent with the Act. Comments may be submitted by any of the following methods: khammond on DSKJM1Z7X2PROD with NOTICES 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– CTA/CQ–2020–02 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–CTA/CQ–2020–02. 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 website (https://www.sec.gov/rules/ sro.shtml). Copies of the submission, all written statements with respect to the proposed Amendments that are filed with the Commission, and all written communications relating to the proposed Amendments 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 20549–1090, on official business days between the hours of 10:00 a.m. and 3:00p.m. Copies of the filing also will be available for inspection and copying at the principal VerDate Sep<11>2014 17:48 Oct 07, 2020 Jkt 253001 office of the Plan. 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–CTA/CQ–2020–02 and should be submitted on or before October 29, 2020. BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–90084; File No. SR–NSCC– 2020–016] Self-Regulatory Organizations; National Securities Clearing Corporation; Designation of Longer Period for Commission Action on a Proposed Rule Change, as Modified by Amendment No. 1, To Introduce the Margin Liquidity Adjustment Charge and Include a Bid-Ask Risk Charge in the VaR Charge October 2, 2020. On July 30, 2020, National Securities Clearing Corporation (‘‘NSCC’’) 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 proposed rule change SR–NSCC–2020–016 to add two new charges to NSCC’s margin methodology.3 On August 13, 2020, NSCC filed Amendment No. 1 to the proposed rule change, to make clarifications and corrections to the proposed rule change.4 The proposed rule change, as modified by Amendment No. 1, was published for public comment in the Federal Register on 1 15 U.S.C. 78s(b)(1). CFR 240.19b–4. 3 NSCC also filed the proposals contained in the proposed rule change as advance notice SR–NSCC– 2020–804 with the Commission pursuant to Section 806(e)(1) of the Dodd-Frank Wall Street Reform and Consumer Protection Act entitled the Payment, Clearing, and Settlement Supervision Act of 2010 (‘‘Clearing Supervision Act’’), 12 U.S.C. 5465(e)(1), and Rule 19b–4(n)(1)(i) of the Act, 17 CFR 240.19b– 4(n)(1)(i). 4 Amendment No. 1 made clarifications and corrections to the description of the proposed rule change and Exhibits 3 and 5 of the filing. On August 13, 2020, NSCC filed Amendment No. 1 to the advance notice to make similar clarifications and corrections to the advance notice. 2 17 PO 00000 Frm 00108 Fmt 4703 Sfmt 4703 63607 August 20, 2020.5 The Commission has received two comment letters on the proposed rule change, as modified by Amendment No. 1.6 Section 19(b)(2) of the Act 7 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 the proposed rule change is October 4, 2020. The Commission is extending the 45day time period for Commission action on the proposed rule change. The Commission finds that it is appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider and take action on the proposed rule change. Accordingly, pursuant to Section 19(b)(2) of the Act 8 and for the reasons stated above, the Commission designates November 18, 2020 as the date by which the Commission shall either approve, disapprove, or institute proceedings to determine whether to disapprove proposed rule change SR– NSCC–2020–016. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.9 J. Matthew DeLesDernier, Assistant Secretary. [FR Doc. 2020–22256 Filed 10–7–20; 8:45 am] BILLING CODE 8011–01–P 5 Securities Exchange Act Release No. 89558 (August 14, 2020), 85 FR 51521 (August 20, 2020) (‘‘Notice’’). The advance notice, as modified by Amendment No. 1, was published for public comment in the Federal Register on September 4, 2020. Securities Exchange Act Release No. 89719 (September 1, 2020), 85 FR 55332 (September 4, 2020) (File No. SR–NSCC–2020–804). The comment period for the advance notice, as modified by Amendment No. 1 closed on September 21, 2020, and the Commission received no comments. 6 Letter from Cass Sanford, Associated General Counsel, OTC Markets Group (September 11, 2020) (‘‘OTC Letter’’); Letter from James C. Snow, President/CCO, Wilson-Davis & Co., Inc. (received September 30, 2020) (‘‘Wilson-Davis Letter’’), all available at https://www.sec.gov/comments/sr-nscc2020-016/srnscc2020016.htm. 7 15 U.S.C. 78s(b)(2). 8 Id. 9 17 CFR 200.30–3(a)(31). E:\FR\FM\08OCN1.SGM 08OCN1

Agencies

[Federal Register Volume 85, Number 196 (Thursday, October 8, 2020)]
[Notices]
[Pages 63606-63607]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-22341]


-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-90071; File No. SR-CTA/CQ-2020-02]


Consolidated Tape Association; Notice of Filing and Immediate 
Effectiveness of the Thirty-Fifth Substantive Amendment to the Second 
Restatement of the CTA Plan and Twenty-Sixth Substantive Amendment to 
the Restated CQ Plan

October 1, 2020.
    Pursuant to Section 11A of the Securities Exchange Act of 1934 
(``Act'') \1\ and Rule 608 thereunder,\2\ notice is hereby given that 
on September 4, 2020,\3\ the Participants \4\ in the Second Restatement 
of the Consolidated Tape Association (``CTA'') Plan and the Restated 
Consolidated Quotation (``CQ'') Plan (``CTA/CQ Plans'' or ``Plans'') 
filed with the Securities and Exchange Commission (``Commission'') a 
proposal to amend the Plans. The amendments represent the Thirty-Fifth 
Substantive Amendment to the CTA Plan and Twenty-Sixth Substantive 
Amendment to the CQ Plan (``Amendments''). Under the Amendments, the 
Participants propose to add MIAX PEARL, LLC (``MIAX PEARL'') as a 
Participant to the Plans.
---------------------------------------------------------------------------

    \1\ 15 U.S.C 78k-1(a)(3).
    \2\ 17 CFR 242.608.
    \3\ See Letter from Robert Books, Chairman, Operating Committee, 
CTA/CQ Plans, to Vanessa Countryman, Secretary, Commission, dated 
September 3, 2020.
    \4\ The Participants are: Cboe BYX Exchange, Inc., Cboe BZX 
Exchange, Inc., Cboe EDGA Exchange, Inc., Cboe EDGX Exchange, Inc., 
Cboe Exchange, Inc., Financial Industry Regulatory Authority, Inc., 
The Investors' Exchange LLC, Long-Term Stock Exchange, Inc., MEMX 
LLC, MIAX PEARL, LLC, Nasdaq BX, Inc., Nasdaq ISE, LLC, Nasdaq PHLX, 
Inc., The Nasdaq Stock Market LLC, New York Stock Exchange LLC, NYSE 
American LLC, NYSE Arca, Inc., NYSE Chicago, Inc., and NYSE 
National, Inc. (collectively, the ``Participants'').
---------------------------------------------------------------------------

    The proposed Amendments have been filed by the Participants 
pursuant to Rule 608(b)(3)(ii) under Regulation NMS \5\ as concerned 
solely with the administration of the Plans and as ``Ministerial 
Amendments'' under both Section IV(b) of the CTA Plan and Section IV(c) 
of the CQ Plan. As a result, the Amendments become effective upon 
filing and can be submitted by the Chair of the Plan's Operating 
Committee. The Commission is publishing this notice to solicit comments 
on the Amendments from interested persons. Set forth in Sections I and 
II is the statement of the purpose and summary of the Amendments, along 
with the information required by Rules 608(a) and 601(a) under the Act, 
prepared and submitted by the Participants to the Commission.
---------------------------------------------------------------------------

    \5\ 17 CFR 242.608(b)(2).
---------------------------------------------------------------------------

I. Rule 608(a)

A. Purpose of the Amendment

    The above-captioned Amendments add MIAX PEARL as a Participant to 
the Plans.

B. Governing or Constituent Documents

    Not applicable.

C. Implementation of Amendment

    Because the Amendments constitute ``Ministerial Amendments'' under 
both Section IV(b) of the CTA Plan and Section IV(c) under the CQ Plan, 
the Chairman of the Plan's Operating Committee may submit the 
Amendments to the Commission on behalf of the Participants in the 
Plans. Because the Participants designate the Amendments as concerned 
solely with the administration of the Plans, the Amendments become 
effective upon filing with the Commission.

D. Development and Implementation Phases

    Not applicable.

E. Analysis of Impact on Competition

    The Amendments do not impose any burden on competition because they 
simply add MIAX PEARL as a Participant to the Plans. MIAX PEARL has 
completed the required steps to be added to the Plans.

F. Written Understanding or Agreement Relating to Interpretation of, or 
Participation in Plan

    Not applicable.

G. Approval by Sponsors in Accordance With Plan

    See Item I.C. above.

H. Description of Operation of Facility Contemplated by the Proposed 
Amendment

    Not applicable.

I. Terms and Conditions of Access

    Not applicable.

J. Method of Determination and Imposition, and Amount of, Fees and 
Charges

    Not applicable.

K. Method and Frequency of Processor Evaluation

    Not applicable.

L. Dispute Resolution

    Not applicable.

II. Regulation NMS Rule 601(a)

A. Equity Securities for Which Transaction Reports Shall be Required by 
the Plan

    Not applicable.

B. Reporting Requirements

    Not applicable.

C. Manner of Collecting, Processing, Sequencing, Making Available and 
Disseminating Last Sale Information

    Not applicable.

D. Manner of Consolidation

    Not applicable.

[[Page 63607]]

E. Standards and Methods Ensuring Promptness, Accuracy and Completeness 
of Transaction Reports

    Not applicable.

F. Rules and Procedures Addressed to Fraudulent or Manipulative 
Dissemination

    Not applicable.

G. Terms of Access to Transaction Reports

    Not applicable.

H. Identification of Marketplace of Execution

    Not applicable.

III. Solicitation of Comments

    The Commission seeks comments on the Amendments. Interested persons 
are invited to submit written data, views, and arguments concerning the 
foregoing, including whether the proposed Amendments are 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-CTA/CQ-2020-02 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-CTA/CQ-2020-02. 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 website (https://www.sec.gov/rules/sro.shtml). Copies 
of the submission, all written statements with respect to the proposed 
Amendments that are filed with the Commission, and all written 
communications relating to the proposed Amendments 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 20549-1090, on official 
business days between the hours of 10:00 a.m. and 3:00p.m. Copies of 
the filing also will be available for inspection and copying at the 
principal office of the Plan. 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-CTA/
CQ-2020-02 and should be submitted on or before October 29, 2020.

    By the Commission.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020-22341 Filed 10-7-20; 8:45 am]
BILLING CODE 8011-01-P
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