Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Withdrawal of a Proposed Rule Change, as Modified by Amendment Nos. 1 and 2, To Adopt a New Requirement Related to the Qualification of Management for Companies From Restrictive Markets, 8955 [2021-02708]

Download as PDF Federal Register / Vol. 86, No. 26 / Wednesday, February 10, 2021 / Notices markets it serves, consistent with Rule 17Ad–22(e)(21) under the Act.31 IV. Conclusion On the basis of the foregoing, the Commission finds that the proposed rule changes are consistent with the requirements of the Act and in particular with the requirements of Section 17A of the Act 32 and the rules and regulations promulgated thereunder. It is therefore ordered, pursuant to Section 19(b)(2) of the Act 33 that proposed rule change SR–DTC–2020– 019, be, and hereby is, approved.34 For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.35 J. Matthew DeLesDernier, Assistant Secretary. [FR Doc. 2021–02712 Filed 2–9–21; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–91057; File No. SR– NASDAQ–2020–026] Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Withdrawal of a Proposed Rule Change, as Modified by Amendment Nos. 1 and 2, To Adopt a New Requirement Related to the Qualification of Management for Companies From Restrictive Markets 2020.3 On July 20, 2020, pursuant to Section 19(b)(2) of the Act,4 the Commission designated a longer period within which to approve the proposed rule change, disapprove the proposed rule change, or institute proceedings to determine whether to disapprove the proposed rule change.5 On August 21, 2020, the Exchange filed Amendment No. 1 to the proposed rule change, which replaced and superseded the proposed rule change as originally filed.6 On September 9, 2020, the Commission published notice of Amendment No. 1 and instituted proceedings under Section 19(b)(2)(B) of the Act 7 to determine whether to approve or disapprove the proposed rule change, as modified by Amendment No. 1.8 On November 17, 2020, the Exchange filed Amendment No. 2 to the proposed rule change.9 On December 2, 2020, the Commission extended the period for consideration of the proposed rule change to February 7, 2021.10 On February 1, 2021, the Exchange withdrew the proposed rule change (SR–NASDAQ–2020–026). For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.11 J. Matthew DeLesDernier, Assistant Secretary. [FR Doc. 2021–02708 Filed 2–9–21; 8:45 am] BILLING CODE 8011–01–P February 4, 2021. On May 29, 2020, The Nasdaq Stock Market LLC (‘‘Exchange’’) 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 a new requirement related to the qualification of management for companies whose business is principally administered in a jurisdiction that has secrecy laws, blocking statutes, national security laws, or other laws or regulations restricting access to information by regulators of U.S.-listed companies. The proposed rule change was published for comment in the Federal Register on June 12, 31 Id. 32 15 U.S.C. 78q–1. U.S.C. 78s(b)(2). 34 In approving the proposed rule change, the Commission considered its impact on efficiency, competition, and capital formation. 15 U.S.C. 78c(f). 35 17 CFR 200.30–3(a)(12). 1 15 U.S.C. 78s(b)(1). 2 17 CFR 240.19b–4. 33 15 VerDate Sep<11>2014 18:53 Feb 09, 2021 Jkt 253001 3 See Securities Exchange Act Release No. 89028 (June 8, 2020), 85 FR 35967. Comments on the proposed rule change can be found at: https:// www.sec.gov/comments/sr-nasdaq-2020-026/ srnasdaq2020026.htm. 4 15 U.S.C. 78s(b)(2). 5 See Securities Exchange Act Release No. 89342, 85 FR 44951 (July 24, 2020). The Commission designated September 10, 2020 as the date by which the Commission shall approve or disapprove, or institute proceedings to determine whether to approve or disapprove, the proposed rule change. 6 Amendment No. 1 is available at https:// www.sec.gov/comments/sr-nasdaq-2020-026/ srnasdaq2020026-7677529-222672.pdf. 7 15 U.S.C. 78s(b)(2)(B). 8 See Securities Exchange Act Release No. 89794, 85 FR 57260 (September 15, 2020). 9 Amendment No. 2 is available at: https:// www.sec.gov/comments/sr-nasdaq-2020-026/ srnasdaq2020026-8048419-225740.pdf. 10 See Securities Exchange Act Release No. 90553, 85 FR 79062 (December 8, 2020). 11 17 CFR 200.30–3(a)(12). PO 00000 Frm 00074 Fmt 4703 Sfmt 4703 8955 SECURITIES AND EXCHANGE COMMISSION [Release No. 34–91060; File No. SR–Phlx– 2021–05] Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Phlx Rules February 4, 2021. Pursuant to 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 January 26, 2021, Nasdaq PHLX LLC (‘‘Phlx’’ or ‘‘Exchange’’) filed with the Securities and Exchange Commission (‘‘SEC’’ or ‘‘Commission’’) the proposed rule change as described in Items I and II 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 The Exchange proposes to amend Phlx Rules at Options 1, Section 1, ‘‘Applicability, Definitions and References’’; Options 2, Section 4, ‘‘Obligations of Market Makers’’; Options 2, Section 6, ‘‘Market Maker Orders’’; Options 3, Section 6, ‘‘Firm Quotations’’; Options 3, Section 7, ‘‘Types of Orders and Order and Quote Protocols’’; Options 3, Section 10, ‘‘Electronic Execution Priority and Processing in the System’’; Options 3, Section 13, ‘‘Price Improvement XL (‘‘PIXL’’)’’; Options 3, Section 15, ‘‘Simple Order Risk Protections’’; Options 3, Section 23, ‘‘Data Feeds and Trade Information’’; Options 5, Section 4, ‘‘Order Routing’’; Options 8, Section 2, ‘‘Definitions’’; and Options 8, Section 32, ‘‘Types of Floor-Based (Non-System) Orders’’. The text of the proposed rule change is available on the Exchange’s website at https://listingcenter.nasdaq.com/ rulebook/phlx/rules, 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 Exchange included statements concerning the purpose of and basis for the proposed rule change and discussed any comments it received on the 1 15 2 17 E:\FR\FM\10FEN1.SGM U.S.C. 78s(b)(1). CFR 240.19b–4. 10FEN1

Agencies

[Federal Register Volume 86, Number 26 (Wednesday, February 10, 2021)]
[Notices]
[Page 8955]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-02708]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-91057; File No. SR-NASDAQ-2020-026]


Self-Regulatory Organizations; The Nasdaq Stock Market LLC; 
Notice of Withdrawal of a Proposed Rule Change, as Modified by 
Amendment Nos. 1 and 2, To Adopt a New Requirement Related to the 
Qualification of Management for Companies From Restrictive Markets

February 4, 2021.
    On May 29, 2020, The Nasdaq Stock Market LLC (``Exchange'') 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 a new 
requirement related to the qualification of management for companies 
whose business is principally administered in a jurisdiction that has 
secrecy laws, blocking statutes, national security laws, or other laws 
or regulations restricting access to information by regulators of U.S.-
listed companies. The proposed rule change was published for comment in 
the Federal Register on June 12, 2020.\3\ On July 20, 2020, pursuant to 
Section 19(b)(2) of the Act,\4\ the Commission designated a longer 
period within which to approve the proposed rule change, disapprove the 
proposed rule change, or institute proceedings to determine whether to 
disapprove the proposed rule change.\5\ On August 21, 2020, the 
Exchange filed Amendment No. 1 to the proposed rule change, which 
replaced and superseded the proposed rule change as originally 
filed.\6\ On September 9, 2020, the Commission published notice of 
Amendment No. 1 and instituted proceedings under Section 19(b)(2)(B) of 
the Act \7\ to determine whether to approve or disapprove the proposed 
rule change, as modified by Amendment No. 1.\8\ On November 17, 2020, 
the Exchange filed Amendment No. 2 to the proposed rule change.\9\ On 
December 2, 2020, the Commission extended the period for consideration 
of the proposed rule change to February 7, 2021.\10\ On February 1, 
2021, the Exchange withdrew the proposed rule change (SR-NASDAQ-2020-
026).
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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. 89028 (June 8, 
2020), 85 FR 35967. Comments on the proposed rule change can be 
found at: https://www.sec.gov/comments/sr-nasdaq-2020-026/srnasdaq2020026.htm.
    \4\ 15 U.S.C. 78s(b)(2).
    \5\ See Securities Exchange Act Release No. 89342, 85 FR 44951 
(July 24, 2020). The Commission designated September 10, 2020 as the 
date by which the Commission shall approve or disapprove, or 
institute proceedings to determine whether to approve or disapprove, 
the proposed rule change.
    \6\ Amendment No. 1 is available at https://www.sec.gov/comments/sr-nasdaq-2020-026/srnasdaq2020026-7677529-222672.pdf.
    \7\ 15 U.S.C. 78s(b)(2)(B).
    \8\ See Securities Exchange Act Release No. 89794, 85 FR 57260 
(September 15, 2020).
    \9\ Amendment No. 2 is available at: https://www.sec.gov/comments/sr-nasdaq-2020-026/srnasdaq2020026-8048419-225740.pdf.
    \10\ See Securities Exchange Act Release No. 90553, 85 FR 79062 
(December 8, 2020).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\11\
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    \11\ 17 CFR 200.30-3(a)(12).
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J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2021-02708 Filed 2-9-21; 8:45 am]
BILLING CODE 8011-01-P
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