Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Amend the NYSE Listed Company Manual To Revise the Shareholder Approval Requirements in Sections 312.03 and 312.04 and the Requirements for Related Party Transactions in Section 314.00, 10362-10363 [2021-03343]

Download as PDF 10362 Federal Register / Vol. 86, No. 32 / Friday, February 19, 2021 / Notices requirements contained in 10 CFR part 50 are mandatory for the affected licensees and applicants. III. Specific Requests for Comments The NRC is seeking comments that address the following questions: 1. Is the proposed collection of information necessary for the NRC to properly perform its functions? Does the information have practical utility? 2. Is the estimate of the burden of the information collection accurate? 3. Is there a way to enhance the quality, utility, and clarity of the information to be collected? 4. How can the burden of the information collection on respondents be minimized, including the use of automated collection techniques or other forms of information technology? Dated: February 16, 2021. For the Nuclear Regulatory Commission. David C. Cullison, NRC Clearance Officer, Office of the Chief Information Officer. [FR Doc. 2021–03357 Filed 2–18–21; 8:45 am] BILLING CODE 7590–01–P POSTAL REGULATORY COMMISSION [Docket Nos. MC2021–68 and CP2021–71] New Postal Products Postal Regulatory Commission. Notice. AGENCY: ACTION: The Commission is noticing a recent Postal Service filing for the 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: February 23, 2021. 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: tkelley on DSKBCP9HB2PROD with NOTICES SUMMARY: Table of Contents I. Introduction II. Docketed Proceeding(s) 21:07 Feb 18, 2021 This Notice will be published in the Federal Register. Erica A. Barker, Secretary. [FR Doc. 2021–03411 Filed 2–18–21; 8:45 am] BILLING CODE 7710–FW–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–91126; File No. SR–NYSE– 2020–85] Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Amend the NYSE Listed Company Manual To Revise the Shareholder Approval Requirements in Sections 312.03 and 312.04 and the Requirements for Related Party Transactions in Section 314.00 February 12, 2021. On December 16, 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 amend Sections 312.03, 312.04 and 314.00 of the NYSE Listed Company Manual. The Commission published notice of the proposed rule change in the Federal Register on January 4, 2021.3 The Commission has received no comments on the proposal. 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 February 18, 2021. The Commission is extending this 45-day time period. 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 1 15 I. Introduction The Commission gives notice that the Postal Service filed request(s) for the VerDate Sep<11>2014 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 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. 1. Docket No(s).: MC2021–68 and CP2021–71; Filing Title: USPS Request to Add Priority Mail Express & Priority Mail Contract 123 to Competitive Product List and Notice of Filing Materials Under Seal; Filing Acceptance Date: February 12, 2021; 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: February 23, 2021. Jkt 253001 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 00130 Fmt 4703 Sfmt 4703 U.S.C. 78s(b)(1). CFR 240.19b–4. 3 See Securities Exchange Act Release No. 90803 (December 28, 2020), 86 FR 0148. 4 15 U.S.C. 78s(b)(2). 2 17 E:\FR\FM\19FEN1.SGM 19FEN1 Federal Register / Vol. 86, No. 32 / Friday, February 19, 2021 / Notices sufficient time to consider the proposed rule change. Accordingly, the Commission, pursuant to Section 19(b)(2) of the Act,5 designates April 4, 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 Number SR– NYSE–2020–85). For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.6 Jill M. Peterson, Assistant Secretary. [FR Doc. 2021–03343 Filed 2–18–21; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–91124; File No. SR–BX– 2020–033] Self-Regulatory Organizations; Nasdaq BX, Inc.; Order Granting Approval of a Proposed Rule Change To Utilize the FIX Protocol To Submit Orders to BX’s Price Improvement Auction Mechanism February 12, 2021. I. Introduction On October 27, 2020, Nasdaq BX, Inc. (‘‘BX’’ or ‘‘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 utilize the ‘‘Financial Information eXchange’’ (‘‘FIX’’) 3 protocol for BX Participants 4 seeking to submit orders into the Price Improvement Auction (‘‘PRISM’’) mechanism. The proposed rule change was published for comment in the Federal Register on November 16, 2020.5 On December 29, 2020, the 5 Id. 6 17 CFR 200.30–3(a)(31). U.S.C. 78s(b)(1). 2 17 CFR 240.19b–4. 3 See BX Options 3, Section 7(e)(1). ‘‘FIX’’ is an interface that allows BX Participants and their Sponsored Customers to connect, send, and receive messages related to orders and auction orders and responses to and from the Exchange. Features include the following: (1) Execution messages; (2) order messages; and (3) risk protection triggers and cancel notifications. 4 BX Options 1, Section 1(a)(40) defines ‘‘Participant’’ to mean a firm, or organization that is registered with the Exchange pursuant to Options 2A of BX Rules for purposes of participating in options trading on the BX options market as a ‘‘BX Options Order Entry Firm,’’ as defined in BX Options 1, Section 1(a)(11), or ‘‘BX Options Market Maker,’’ as defined in BX Options 1, Section 1(a)(10). 5 See Securities Exchange Act Release No. 90383 (November 9, 2020), 85 FR 73095 (‘‘Notice’’). tkelley on DSKBCP9HB2PROD with NOTICES 1 15 VerDate Sep<11>2014 21:07 Feb 18, 2021 Jkt 253001 Commission extended the time period within which to approve, disapprove, or institute proceedings to determine whether to approve or disapprove the proposed rule changes.6 The Commission received no comments on the proposed rule change. The Commission is approving the proposed rule change. II. Description of the Proposed Rule Change Pursuant to BX Options 3, Section 13, a BX Participant may electronically submit for execution an order it represents as agent on behalf of a Public Customer,7 broker dealer, or any other entity (‘‘PRISM Order’’) against principal interest or against any other order 8 it represents as agent (an ‘‘Initiating Order’’), provided it submits the PRISM Order for electronic execution into the Auction. According to the Exchange, BX Participants currently solicit contra-side Initiating Orders to pair with their PRISM Orders using methods such as telephone, electronically using an external order management system, or utilizing instant message.9 BX proposes to provide BX Participants (‘‘sender’’) the option to use the FIX protocol to send a message, which includes a PRISM Order, to one or more BX Participants (‘‘recipient’’) requesting that they provide a contraside Initiating Order in response, which would result in the start of a PRISM auction (‘‘Request for PRISM’’). BX Participants must opt-in in order to receive Requests for PRISM. A Request for PRISM would be sent simultaneously to all BX Participants who opted in to receive Requests for PRISM,10 and a BX Participant who opts-in would receive all Requests for PRISM from all senders.11 6 See Securities Exchange Act Release Nos. 90815, 86 FR 353 (January 5, 2021), in which the Commission designated February 14, 2021 as the date by which it should approve, disapprove, or institute proceedings to determine whether to disapprove these proposed rule changes 7 A ‘‘Public Customer’’ means a person that is not a broker or dealer in securities and is not a Professional as defined within BX Options 1, Section 1(a)(48). See BX Options 1, Section 1(a)(49). A ‘‘Professional’’ means any person or entity that (i) is not a broker or dealer in securities, and (ii) places more than 390 orders in listed options per day on average during a calendar month for its own beneficial account(s). All Professional orders shall be appropriately marked by Participants. See BX Options 1, Section 1(a)(48). 8 PRISM Orders submitted during the final two seconds of the trading session in the affected series are not eligible to initiate an Auction and will be immediately cancelled. See BX Options 3, Section 13(i)(F). 9 See Notice, supra note 5, at 73095 n.7. 10 Proposed BX Options 3, Section 7(d)(1)(A)(1)(c). 11 Proposed BX Options 3, Section 7(d)(1)(A)(1)(a). PO 00000 Frm 00131 Fmt 4703 Sfmt 4703 10363 The Exchange proposes to establish a certain time period up to one second 12 within which a recipient, if it chooses to respond to the Request for PRISM, may utilize FIX to submit the sender’s PRISM Order, along with its Initiating Order, into the System for execution into PRISM pursuant to Options 3, Section 13 (‘‘response’’).13 The System would enter the PRISM Order and the Initiation Order of the first recipient to respond into the PRISM through FIX to start a PRISM auction and would send a reject message to subsequent responders.14 Any Initiating Order must match the PRISM Order and is not permitted to improve the price, or else it would be rejected.15 However, the Initiating Order may be configured to improve the PRISM Order stop price pursuant to Options 3, Section 13(ii)(A)(1)(c); 16 the configuration would apply only if the System initiated a PRISM auction.17 If there are no responses to the Request for PRISM, the PRISM Order would be placed on the Order Book as a Limit Order or cancelled, consistent with the sending BX Participant’s instruction.18 Once a recipient of a Request for PRISM has responded to the Request for PRISM by adding the Initiating Order, the PRISM may not be cancelled.19 The sender may not cancel a Request for PRISM once that Request for PRISM has 12 The Exchange will initially set the time period to 100 milliseconds to respond to the Request for PRISM or otherwise not respond before the Request for PRISM would become unavailable. The Exchange will post the time period on its System settings page. See Notice, supra note 5, at 73096 n.8. 13 Proposed BX Options 3, Section 7(d)(1)(A)(1)(b). 14 Id. 15 Id. 16 Id. BX Options 3, Section 13(ii)(A)(1) provides three options to submit a PRISM Order and initiate the PRISM Auction. Specifically, the Initiating Participant must mark the PRISM Order for Auction processing, and specify either: (a) A single price at which it seeks to execute the PRISM Order (a ‘‘stop price’’); (b) that it is willing to automatically match as principal or as agent on behalf of an Initiating Order the price and size of all PAN responses, and trading interest (‘‘auto-match’’) in which case the PRISM Order will be stopped at the NBBO on the Initiating Order side; or (c) that it is willing to either: (i) Stop the entire order at a single stop price and auto-match PAN responses and trading interest at a price or prices that improve the stop price to a specified price (a ‘‘No Worse Than’’ or ‘‘NWT’’ price); (ii) stop the entire order at a single stop price and auto-match all PAN responses and trading interest at or better than the stop price; or (iii) stop the entire order at the NBBO on the Initiating Order side, and auto-match PAN responses and trading interest at a price or prices that improve the stop price up to the NWT price. 17 Proposed BX Options 3, Section 7(d)(1)(A)(1)(b). 18 Id. 19 Proposed BX Options 3, Section 7(d)(1)(A)(1)(d). E:\FR\FM\19FEN1.SGM 19FEN1

Agencies

SECURITIES AND EXCHANGE COMMISSION

[Federal Register Volume 86, Number 32 (Friday, February 19, 2021)]
[Notices]
[Pages 10362-10363]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-03343]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-91126; File No. SR-NYSE-2020-85]


Self-Regulatory Organizations; New York Stock Exchange LLC; 
Notice of Designation of a Longer Period for Commission Action on a 
Proposed Rule Change To Amend the NYSE Listed Company Manual To Revise 
the Shareholder Approval Requirements in Sections 312.03 and 312.04 and 
the Requirements for Related Party Transactions in Section 314.00

February 12, 2021.
    On December 16, 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 amend Sections 
312.03, 312.04 and 314.00 of the NYSE Listed Company Manual. The 
Commission published notice of the proposed rule change in the Federal 
Register on January 4, 2021.\3\ The Commission has received no comments 
on the proposal.
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ See Securities Exchange Act Release No. 90803 (December 28, 
2020), 86 FR 0148.
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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 February 18, 2021. The Commission is extending this 45-day time 
period.
---------------------------------------------------------------------------

    \4\ 15 U.S.C. 78s(b)(2).
---------------------------------------------------------------------------

    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

[[Page 10363]]

sufficient time to consider the proposed rule change. Accordingly, the 
Commission, pursuant to Section 19(b)(2) of the Act,\5\ designates 
April 4, 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 Number SR-NYSE-2020-85).
---------------------------------------------------------------------------

    \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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Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2021-03343 Filed 2-18-21; 8:45 am]
BILLING CODE 8011-01-P

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