Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change, as Modified by Amendment No. 1, To Amend NYSE Arca Rule 8.900-E To Adopt Generic Listing Standards for Managed Portfolio Shares, 73812-73813 [2020-25499]

Download as PDF 73812 Federal Register / Vol. 85, No. 224 / Thursday, November 19, 2020 / Notices ‘‘Grants and Cooperative Agreement Provisions.’’ 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 July 1, 2020, (85 FR 39598). 1. The title of the information collection: Grants and Cooperative Agreement Provisions. 2. OMB approval number: 3150–0107. 3. Type of submission: Extension. 4. The form number if applicable: Not applicable. 5. How often the collection is required or requested: Technical Performance reports are required every 6 months; other information is submitted on occasion as needed. 6. Who will be required or asked to respond: Grants and Cooperative Agreement recipients. 7. The estimated number of annual responses: 542 (366 responses plus 176 record keepers). 8. The estimated number of annual respondents: 176. 9. An estimate of the total number of hours needed annually to comply with the information collection requirement or request: 4,127 (3,851 reporting hours plus 276 record keeping hours). 10. Abstract: The Acquisition Management Division is responsible for the awarding grants and cooperative agreement provisions in order to administer the NRC’s financial assistance program. The information collected under the provisions ensures that the Government’s rights are protected, the agency adheres to public laws, the work proceeds on schedule, and that disputes between the Government and recipient are settled. Dated: November 13, 2020. For the Nuclear Regulatory Commission. David C. Cullison, NRC Clearance Officer, Office of the Chief Information Officer. [FR Doc. 2020–25480 Filed 11–18–20; 8:45 am] BILLING CODE 7590–01–P POSTAL REGULATORY COMMISSION [Docket Nos. MC2021–27 and CP2021–27] New Postal Products Postal Regulatory Commission. Notice. AGENCY: ACTION: The Commission is noticing a recent Postal Service filing for the SUMMARY: VerDate Sep<11>2014 19:40 Nov 18, 2020 Jkt 253001 Commission’s consideration concerning a negotiated service agreement. This notice informs the public of the filing, invites public comment, and takes other administrative steps. DATES: Comments are due: November 23, 2020. ADDRESSES: Submit comments electronically via the Commission’s Filing Online system at https:// www.prc.gov. Those who cannot submit comments electronically should contact the person identified in the FOR FURTHER INFORMATION CONTACT section by telephone for advice on filing alternatives. FOR FURTHER INFORMATION CONTACT: David A. Trissell, General Counsel, at 202–789–6820. SUPPLEMENTARY INFORMATION: Table of Contents I. Introduction II. Docketed Proceeding(s) I. Introduction The Commission gives notice that the Postal Service filed request(s) for the Commission to consider matters related to negotiated service agreement(s). The request(s) may propose the addition or removal of a negotiated service agreement from the market dominant or the competitive product list, or the modification of an existing product currently appearing on the market dominant or the competitive product list. Section II identifies the docket number(s) associated with each Postal Service request, the title of each Postal Service request, the request’s acceptance date, and the authority cited by the Postal Service for each request. For each 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 (Public Representative). Section II also establishes comment deadline(s) pertaining to each request. The public portions of the Postal Service’s request(s) can be accessed via the Commission’s website (https:// www.prc.gov). Non-public portions of the Postal Service’s request(s), if any, can be accessed through compliance with the requirements of 39 CFR 3011.301.1 The Commission invites comments on whether the Postal Service’s request(s) in the captioned docket(s) are consistent with the policies of title 39. For request(s) that the Postal Service states 1 See Docket No. RM2018–3, Order Adopting Final Rules Relating to Non-Public Information, June 27, 2018, Attachment A at 19–22 (Order No. 4679). PO 00000 Frm 00143 Fmt 4703 Sfmt 4703 concern market dominant product(s), applicable statutory and regulatory requirements include 39 U.S.C. 3622, 39 U.S.C. 3642, 39 CFR part 3030, and 39 CFR part 3040, subpart B. For request(s) that the Postal Service states concern competitive product(s), applicable statutory and regulatory requirements include 39 U.S.C. 3632, 39 U.S.C. 3633, 39 U.S.C. 3642, 39 CFR part 3035, and 39 CFR part 3040, subpart B. Comment deadline(s) for each request appear in section II. II. Docketed Proceeding(s) 1. Docket No(s).: MC2021–27 and CP2021–27; Filing Title: USPS Request to Add First-Class Package Service Contract 114 to Competitive Product List and Notice of Filing Materials Under Seal; Filing Acceptance Date: November 13, 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: November 23, 2020. This Notice will be published in the Federal Register. Erica A. Barker, Secretary. [FR Doc. 2020–25570 Filed 11–18–20; 8:45 am] BILLING CODE 7710–FW–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–90418; File No. SR– NYSEArca–2020–84] Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change, as Modified by Amendment No. 1, To Amend NYSE Arca Rule 8.900–E To Adopt Generic Listing Standards for Managed Portfolio Shares November 13, 2020. On September 22, 2020, NYSE Arca, Inc. 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 NYSE Arca Rule 8.900–E to adopt generic listing standards for Managed Portfolio Shares. On October 2, 2020, the Exchange filed Amendment No. 1 to the proposed rule change. The proposed rule change, as modified by Amendment No. 1, was published for comment in the Federal Register on October 13, 1 15 2 17 U.S.C. 78s(b)(1). CFR 240.19b-4. E:\FR\FM\19NON1.SGM 19NON1 Federal Register / Vol. 85, No. 224 / Thursday, November 19, 2020 / Notices 2020.3 The Commission has received no comment letters on the proposed rule change. 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 November 27, 2020. The Commission is extending this 45-day time period. The Commission finds it appropriate to designate a longer period within which to take action on the proposed rule change 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 January 11, 2021 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–NYSEArca–2020–84), as modified by Amendment No. 1. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.6 J. Matthew DeLesDernier, Assistant Secretary. [FR Doc. 2020–25499 Filed 11–18–20; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Modifying the NYSE Arca Options Fee Schedule Regarding the Criteria To Qualify for a Posting Credit on Certain Customer Volume November 13, 2020. Pursuant to Section 19(b)(1) 1 of the Securities Exchange Act of 1934 (the 3 See Securities Exchange Act Release No. 90104 (October 7, 2020), 85 FR 64598. 4 15 U.S.C. 78s(b)(2). 5 Id. 6 17 CFR 200.30–3(a)(31). 1 15 U.S.C. 78s(b)(1). 19:40 Nov 18, 2020 Jkt 253001 I. Self-Regulatory Organization’s Statement of the Terms of Substance of the Proposed Rule Change The Exchange proposes to modify the NYSE Arca Options Fee Schedule (‘‘Fee Schedule’’) regarding the criteria to qualify for a posting credit on certain Customer volume. The Exchange proposes to implement the fee change effective November 2, 2020. 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. A. Self-Regulatory Organization’s Statement of the Purpose of, and the Statutory Basis for, the Proposed Rule Change [Release No. 34–90414; File No. SR– NYSEArca–2020–96] VerDate Sep<11>2014 ‘‘Act’’) 2 and Rule 19b-4 thereunder,3 notice is hereby given that, on November 2, 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 selfregulatory organization. The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons. 1. Purpose The purpose of this filing is to amend the Fee Schedule to modify the criteria to qualify for a posting credit on Customer volume in Penny Issues. The Exchange proposes to implement the rule change on November 2, 2020. The Exchange currently provides several incentives for OTP Holders and OTP Firms (collectively, ‘‘OTPs’’) designed to encourage OTPs to direct additional order flow to the Exchange to achieve more favorable pricing and higher credits. Among these incentives are enhanced posted liquidity credits 2 15 3 17 PO 00000 U.S.C. 78a. CFR 240.19b-4. Frm 00144 Fmt 4703 Sfmt 4703 73813 based on achieving certain percentages of Total Industry Customer equity and ETF option average daily volume (‘‘TCADV’’).4 Pursuant to the Customer Penny Posting Credit Tiers (the ‘‘Penny Credit Tiers’’), Customer and Professional Customer orders that post liquidity and are executed on the Exchange earn a base credit of ($0.25) per contract, and may be eligible for increased credits based on the participant’s activity. Currently, there are seven Penny Credit Tiers, with increasing minimum volume thresholds (as well as increasing credits) associated with each tier, ranging from per contract credits of ($0.27) to ($0.50) for OTP Holders that achieve Tiers 1–7, respectively. Currently, there are two alternative bases for an OTP Holder to qualify for Tier 2, one of which requires the OTP to execute at least 0.25% of TCADV from Customer posted interest in all issues to earn the associated ($0.43) per contract credit applied to electronic executions of Customer posted interest in Penny Issues.5 The Exchange proposes to increase the minimum volume threshold from 0.25% to 0.30% of TCADV from Customer posted interest in all issues for the same ($0.43) per contract credit.6 The Exchange believes this proposed change would still encourage OTP Holders to achieve Tier 2 albeit with increased Customer posted interest, which brings increased liquidity and order flow for the benefit of all market participants. The Exchange cannot predict with certainty whether any OTP Holders would qualify for Tier 2 under the modified criteria; however, the Exchange believes that OTP Holders would continue to be encouraged to increase Customer posted volume to qualify for this Tier. 2. Statutory Basis The Exchange believes that the proposed rule change is consistent with Section 6(b) of the Act,7 in general, and 4 TCADV includes OCC calculated Customer volume of all types, including Complex Order Transactions and QCC transactions, in equity and ETF options. See Endnote 8 to the Fee Schedule. 5 The alternative Tier 2 volume threshold requires an OTP Holder to achieve an ‘‘[i]ncrease of at least 0.15% of TCADV in posted interest in all issues, all account types other than Market Maker, over the OTP Holder’s or OTP Firm’s March 2020 level of posted interest in all issues, all account types other than Market Maker.’’ See Fee Schedule, NYSE Arca OPTIONS: TRADE–RELATED CHARGES FOR STANDARD OPTIONS, CUSTOMER PENNY POSTING CREDIT. 6 See proposed Fee Schedule, NYSE Arca OPTIONS: TRADE–RELATED CHARGES FOR STANDARD OPTIONS, CUSTOMER PENNY POSTING CREDIT. 7 15 U.S.C. 78f(b). E:\FR\FM\19NON1.SGM 19NON1

Agencies

SECURITIES AND EXCHANGE COMMISSION

[Federal Register Volume 85, Number 224 (Thursday, November 19, 2020)]
[Notices]
[Pages 73812-73813]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-25499]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-90418; File No. SR-NYSEArca-2020-84]


Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of 
Designation of a Longer Period for Commission Action on a Proposed Rule 
Change, as Modified by Amendment No. 1, To Amend NYSE Arca Rule 8.900-E 
To Adopt Generic Listing Standards for Managed Portfolio Shares

November 13, 2020.
    On September 22, 2020, NYSE Arca, Inc. 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 NYSE Arca Rule 8.900-E 
to adopt generic listing standards for Managed Portfolio Shares. On 
October 2, 2020, the Exchange filed Amendment No. 1 to the proposed 
rule change. The proposed rule change, as modified by Amendment No. 1, 
was published for comment in the Federal Register on October 13,

[[Page 73813]]

2020.\3\ The Commission has received no comment letters on the proposed 
rule change.
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ See Securities Exchange Act Release No. 90104 (October 7, 
2020), 85 FR 64598.
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    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 November 27, 2020. The Commission is extending this 45-day time 
period.
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    \4\ 15 U.S.C. 78s(b)(2).
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    The Commission finds it appropriate to designate a longer period 
within which to take action on the proposed rule change 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 
January 11, 2021 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-NYSEArca-2020-84), as 
modified by Amendment No. 1.
---------------------------------------------------------------------------

    \5\ Id.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\6\
---------------------------------------------------------------------------

    \6\ 17 CFR 200.30-3(a)(31).
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J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020-25499 Filed 11-18-20; 8:45 am]
BILLING CODE 8011-01-P

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