Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Deemed Approval of a Proposed Rule Change To Adopt Rule 8.601 (Active Proxy Portfolio Shares) and Rule 8.900 (Managed Portfolio Shares), Amend the Preamble to Rule 8P, and Amend Section 302.00 of the Listed Company Manual, 78157 [2020-26596]

Download as PDF Federal Register / Vol. 85, No. 233 / Thursday, December 3, 2020 / Notices 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 LCH SA and on LCH SA’s website at: https://www.lch.com/ resources/rulesand-regulations/ proposed-rule-changes-0. 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–LCH SA–2020–005 and should be submitted on or before December 24, 2020. khammond on DSKJM1Z7X2PROD with NOTICES V. Accelerated Approval of the Proposed Rule Change, as Modified by Partial Amendment No. 1 The Commission finds good cause, pursuant to Section 19(b)(2) of the Act,25 to approve the proposed rule change prior to the 30th day after the date of publication of Partial Amendment No. 1 in the Federal Register. As discussed above, Partial Amendment No. 1 amends the Reference Guide: CDS Margin Framework to reflect all of the changes discussed in this Order. By updating the Reference Guide: CDS Margin Framework to reflect all of the changes being made, Partial Amendment No. 1 ensures that the exhibit 5C accurately reflects all intended rule changes and is designed, in general, to protect investors and the public interest, consistent with Section 17A(b)(3)(F) of the Act. Accordingly, the Commission finds good cause for approving the proposed rule change, as modified by Partial Amendment No. 1, on an accelerated basis, pursuant to Section 19(b)(2) of the Exchange Act.26 VI. Conclusion On the basis of the foregoing, the Commission finds that the proposed rule change is consistent with the requirements of the Act, and in particular, with the requirements of 25 15 26 15 U.S.C. 78s(b)(2). U.S.C. 78s(b)(2). VerDate Sep<11>2014 19:48 Dec 02, 2020 Jkt 253001 Section 17A(b)(3)(F) of the Act 27 and Rule 17Ad–22(e)(6)(i) thereunder.28 It is therefore ordered pursuant to Section 19(b)(2) of the Act 29 that the proposed rule change, as modified by Partial Amendment No. 1 (SR–LCH SA– 2020–005), be, and hereby is, approved.30 For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.31 J. Matthew DeLesDernier, Assistant Secretary. 78157 77) was deemed to have been approved by the Commission. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.5 J. Matthew DeLesDernier, Assistant Secretary. [FR Doc. 2020–26596 Filed 12–2–20; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [FR Doc. 2020–26597 Filed 12–2–20; 8:45 am] BILLING CODE 8011–01–P [Release No. 34–90524; File No. SR–ICC– 2020–013] SECURITIES AND EXCHANGE COMMISSION Self-Regulatory Organizations; ICE Clear Credit LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change, as Modified by Partial Amendment No. 1, Relating to ICC’s Fee Schedule [Release No. 34–90526; File No. SR–NYSE– 2020–77] Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Deemed Approval of a Proposed Rule Change To Adopt Rule 8.601 (Active Proxy Portfolio Shares) and Rule 8.900 (Managed Portfolio Shares), Amend the Preamble to Rule 8P, and Amend Section 302.00 of the Listed Company Manual November 27, 2020. On September 22, 2020, New York Stock Exchange LLC 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 adopt Rule 8.601 (Active Proxy Portfolio Shares) and Rule 8.900 (Managed Portfolio Shares), amend the preamble to Rule 8P, and amend Section 302.00 of the Listed Company Manual to accommodate the listing of Active Proxy Portfolio Shares and Managed Portfolio Shares. The proposed rule change was published for comment in the Federal Register on October 9, 2020.3 The Commission received no comment letters on the proposed rule change. As of November 23, 2020, pursuant to Section 19(b)(2)(D) of the Act,4 the proposed rule change (SR–NYSE–2020– U.S.C. 78q–1(b)(3)(F). CFR 240.17Ad–22(e)(6)(i). 29 15 U.S.C. 78s(b)(2). 30 In approving the proposed rule change, the Commission considered the proposal’s impact on efficiency, competition, and capital formation. 15 U.S.C. 78c(f). 31 17 CFR 200.30–3(a)(12). 1 15 U.S.C. 78s(b)(1). 2 17 CFR 240.19b–4. 3 See Securities Exchange Act Release No. 90091 (Oct. 5, 2020), 85 FR 64194. 4 15 U.S.C. 78s(b)(2)(D). November 27, 2020. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 1 and Rule 19b–4,2 notice is hereby given that on November 16, 2020, ICE Clear Credit LLC (‘‘ICC’’) filed with the Securities and Exchange Commission the proposed rule change as described in Items I, II, and III below, which Items have been prepared primarily by ICC. On November 25, 2020, ICC filed Partial Amendment No. 1 to the proposed rule change.3 ICC filed the proposed rule change pursuant Section 19(b)(3)(A) of the Act 4 and Rule 19b–4(f)(2) thereunder,5 such that the proposed rule change was immediately effective upon filing with the Commission. The Commission is publishing this notice to solicit comments on the proposed rule change, as modified by Partial Amendment No. 1 (hereinafter the ‘‘proposed rule change’’), from interested persons. I. Clearing Agency’s Statement of the Terms of Substance of the Proposed Rule Change The principal purpose of the proposed rule change is to modify ICC’s fee schedule to introduce two credit default index swaption (‘‘Index Swaption’’) volume incentive programs. 27 15 28 17 PO 00000 Frm 00045 Fmt 4703 Sfmt 4703 5 17 CFR 200.30–3(a)(12). U.S.C. 78s(b)(1). 2 17 CFR 240.19b–4. 3 In Partial Amendment No. 1 to the proposed rule change, ICC provided additional details and analyses surrounding the proposed rule change in the form of a confidential Exhibit 3. Partial Amendment No. 1 did not make any changes to the substance of the filing or the text of the proposed rule change. 4 15 U.S.C. 78s(b)(3)(A). 5 17 CFR 240.19b–4(f)(2). 1 15 E:\FR\FM\03DEN1.SGM 03DEN1

Agencies

SECURITIES AND EXCHANGE COMMISSION

[Federal Register Volume 85, Number 233 (Thursday, December 3, 2020)]
[Notices]
[Page 78157]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-26596]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-90526; File No. SR-NYSE-2020-77]


Self-Regulatory Organizations; New York Stock Exchange LLC; 
Notice of Deemed Approval of a Proposed Rule Change To Adopt Rule 8.601 
(Active Proxy Portfolio Shares) and Rule 8.900 (Managed Portfolio 
Shares), Amend the Preamble to Rule 8P, and Amend Section 302.00 of the 
Listed Company Manual

November 27, 2020.
    On September 22, 2020, New York Stock Exchange LLC 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 adopt Rule 
8.601 (Active Proxy Portfolio Shares) and Rule 8.900 (Managed Portfolio 
Shares), amend the preamble to Rule 8P, and amend Section 302.00 of the 
Listed Company Manual to accommodate the listing of Active Proxy 
Portfolio Shares and Managed Portfolio Shares.
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
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    The proposed rule change was published for comment in the Federal 
Register on October 9, 2020.\3\ The Commission received no comment 
letters on the proposed rule change.
---------------------------------------------------------------------------

    \3\ See Securities Exchange Act Release No. 90091 (Oct. 5, 
2020), 85 FR 64194.
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    As of November 23, 2020, pursuant to Section 19(b)(2)(D) of the 
Act,\4\ the proposed rule change (SR-NYSE-2020-77) was deemed to have 
been approved by the Commission.
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    \4\ 15 U.S.C. 78s(b)(2)(D).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\5\
---------------------------------------------------------------------------

    \5\ 17 CFR 200.30-3(a)(12).
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J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020-26596 Filed 12-2-20; 8:45 am]
BILLING CODE 8011-01-P

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