Federal Prevailing Rate Advisory Committee; Cancellation of Upcoming Meeting, 80826 [2020-27430]
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80826
Federal Register / Vol. 85, No. 240 / Monday, December 14, 2020 / Notices
The Board is comprised of the
following Administrative Judges:
SECURITIES AND EXCHANGE
COMMISSION
Paul S. Ryerson, Chairman, Atomic
Safety and Licensing Board Panel,
U.S. Nuclear Regulatory Commission.
Washington, DC 20555–0001
E. Roy Hawkens, Atomic Safety and
Licensing Board Panel, U.S. Nuclear
Regulatory Commission, Washington,
DC 20555–0001
Dr. Sue H. Abreu, Atomic Safety and
Licensing Board Panel, U.S. Nuclear
Regulatory Commission, Washington,
DC 20555–0001
All correspondence, documents, and
other materials shall be filed in
accordance with the NRC E-Filing rule.
See 10 CFR 2.302.
Dated December 8, 2020.
Edward R. Hawkens,
Chief Administrative Judge, Atomic Safety
and Licensing Board Panel, Rockville,
Maryland.
[FR Doc. 2020–27362 Filed 12–11–20; 8:45 am]
BILLING CODE 7590–01–P
Federal Prevailing Rate Advisory
Committee; Cancellation of Upcoming
Meeting
Office of Personnel
Management.
AGENCY:
Notice.
The Federal Prevailing Rate
Advisory Committee is issuing this
notice to cancel the December 17, 2020,
public meeting scheduled to be held in
Room 5A06A, Office of Personnel
Management Building, 1900 E Street
NW, Washington, DC. The original
Federal Register notice announcing this
meeting was published Monday,
December 23, 2019, at 84 FR 70580.
SUMMARY:
FOR FURTHER INFORMATION CONTACT:
Madeline Gonzalez, 202–606–2858, or
email pay-leave-policy@opm.gov.
Office of Personnel Management.
Alexys Stanley,
Regulatory Affairs Analyst.
[FR Doc. 2020–27430 Filed 12–11–20; 8:45 am]
jbell on DSKJLSW7X2PROD with NOTICES
Self-Regulatory Organizations; MIAX
PEARL, LLC; Notice of Filing and
Immediate Effectiveness of a Proposed
Rule Change To Amend the Equities
Fee Schedule
December 8, 2020.
Pursuant to the provisions of 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 December 2, 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
OFFICE OF PERSONNEL
MANAGEMENT
ACTION:
[Release No. 34–90590; File No. SR–
PEARL–2020–32]
BILLING CODE 6325–49–P
The Exchange is filing a proposal to
amend the fee schedule applicable for
MIAX PEARL Equities, an equities
trading facility of the Exchange (the
‘‘Fee Schedule’’).3 The proposed
changes are scheduled to become
operative on December 2, 2020.
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.
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.
1 15
U.S.C. 78s(b)(1).
CFR 240.19b–4.
3 See Exchange Rule 1901.
2 17
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A. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
1. Purpose
The purpose of the proposed rule
change is to amend the Fee Schedule
applicable to MIAX PEARL Equities to
provide pricing for securities priced
below $1.00 that are executed on MIAX
PEARL Equities.
The Exchange operates in a highly
competitive market in which market
participants can readily direct order
flow to competing venues if they deem
fee levels at a particular venue to be
excessive or rebates/incentives to be
insufficient. More specifically, the
Exchange is only one of several equities
venues (including both registered
exchanges and various alternative
trading systems) to which market
participants may direct their order flow
and execute their trades. Indeed, equity
trading is currently dispersed across 16
exchanges,4 31 alternative trading
systems,5 and numerous broker-dealer
internalizers and wholesalers, all
competing for order flow. Based on
publicly available information, no single
registered equities exchange currently
has more than approximately 20% of
total market share.6 Thus, in such a lowconcentrated and highly competitive
market, no single equities trading venue
possesses significant pricing power in
the execution of trades, and, the
Exchange currently represents a very
small percentage of the overall market.
The purpose of this proposed fee
change is for business and competitive
reasons. As a new entrant into the
equities market, the Exchange initially
adopted a fee structure that provided
that orders in securities priced below
$1.00 would be free that executed at
MIAX PEARL Equities, regardless of
whether they add or remove liquidity to
encourage market participants to submit
orders to the Exchange. The Exchange
now proposes to charge a standard fee
of 0.30% of the total dollar value of any
transaction in securities priced below
$1.00 that removes liquidity from MIAX
PEARL Equities. The Exchange also
proposes to provide a standard rebate of
0.30% of the total dollar value of any
transaction in securities priced below
4 See Cboe Global Markets, U.S Equities Market
Volume Summary, available at https://
markets.cboe.com/us/equities/market_share/.
5 See FINRA ATS Transparency Data, available at
https://otctransparency.finra.org/otctransparency/
AtsIssueData. A list of alternative trading systems
registered with the Commission is available at
https://www.sec.gov/foia/docs/atslist.htm.
6 See Cboe Global Markets U.S. Equities Market
Volume Summary, available at https://
markets.cboe.com/us/equities/market_share/.
E:\FR\FM\14DEN1.SGM
14DEN1
Agencies
[Federal Register Volume 85, Number 240 (Monday, December 14, 2020)]
[Notices]
[Page 80826]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-27430]
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OFFICE OF PERSONNEL MANAGEMENT
Federal Prevailing Rate Advisory Committee; Cancellation of
Upcoming Meeting
AGENCY: Office of Personnel Management.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: The Federal Prevailing Rate Advisory Committee is issuing this
notice to cancel the December 17, 2020, public meeting scheduled to be
held in Room 5A06A, Office of Personnel Management Building, 1900 E
Street NW, Washington, DC. The original Federal Register notice
announcing this meeting was published Monday, December 23, 2019, at 84
FR 70580.
FOR FURTHER INFORMATION CONTACT: Madeline Gonzalez, 202-606-2858, or
email [email protected].
Office of Personnel Management.
Alexys Stanley,
Regulatory Affairs Analyst.
[FR Doc. 2020-27430 Filed 12-11-20; 8:45 am]
BILLING CODE 6325-49-P