Sunshine Act Meetings, 17654 [2021-07081]
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17654
Federal Register / Vol. 86, No. 63 / Monday, April 5, 2021 / Notices
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.20
J. Matthew DeLesDernier,
Assistant Secretary.
SECURITIES AND EXCHANGE
COMMISSION
[FR Doc. 2021–06884 Filed 4–2–21; 8:45 am]
Self-Regulatory Organizations:
Investors Exchange LLC; Notice of
Filing and Immediate Effectiveness of
Proposed Rule Change to Transaction
Fees Pursuant to IEX Rule 15.110
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–91443; File No. SR–IEX–
2021–05]
March 30, 2021.
Sunshine Act Meetings
2:30 p.m. on Thursday,
April 1, 2021.
PLACE: The meeting will be held via
remote means and/or at the
Commission’s headquarters, 100 F
Street NE, Washington, DC 20549.
STATUS: This meeting will be closed to
the public.
MATTERS TO BE CONSIDERED:
Commissioners, Counsel to the
Commissioners, the Secretary to the
Commission, and recording secretaries
will attend the closed meeting. Certain
staff members who have an interest in
the matters also may be present.
In the event that the time, date, or
location of this meeting changes, an
announcement of the change, along with
the new time, date, and/or place of the
meeting will be posted on the
Commission’s website at https://
www.sec.gov.
The General Counsel of the
Commission, or his designee, has
certified that, in his opinion, one or
more of the exemptions set forth in 5
U.S.C. 552b(c)(3), (5), (6), (7), (8), 9(B)
and (10) and 17 CFR 200.402(a)(3),
(a)(5), (a)(6), (a)(7), (a)(8), (a)(9)(ii) and
(a)(10), permit consideration of the
scheduled matters at the closed meeting.
The subject matter of the closed
meeting will consist of the following
topics:
Matters related to litigation; and
Other matters relating to examinations
and enforcement proceedings.
At times, changes in Commission
priorities require alterations in the
scheduling of meeting agenda items that
may consist of adjudicatory,
examination, litigation, or regulatory
matters.
CONTACT PERSON FOR MORE INFORMATION:
For further information; please contact
Vanessa A. Countryman from the Office
of the Secretary at (202) 551–5400.
jbell on DSKJLSW7X2PROD with NOTICES
TIME AND DATE:
Dated: April 1, 2021.
Vanessa A. Countryman,
Secretary.
[FR Doc. 2021–07081 Filed 4–1–21; 4:15 pm]
BILLING CODE 8011–01–P
20 17
CFR 200.30–3(a)(12).
VerDate Sep<11>2014
17:23 Apr 02, 2021
Jkt 253001
Pursuant to Section 19(b)(1) of the
Securities Exchange Act of 1934 (the
‘‘Act’’) 1 and Rule
19b–4 thereunder,2 notice is hereby
given that, on March 23, 2021, the
Investors Exchange LLC (‘‘IEX’’ 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 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
Pursuant to the provisions of Section
19(b)(1) under the Act,3 and Rule
19b–4 thereunder,4 IEX is filing with the
Commission a proposed rule change to
amend its Fee Schedule, pursuant to
IEX Rule 15.110(a) and (c) (the ‘‘Fee
Schedule’’), to modify the fees
applicable to executions of and with
displayed orders for securities priced at
or above $1.00 per share, and to make
several related and conforming changes.
Changes to the Fee Schedule pursuant
to this proposal are effective upon
filing,5 and the Exchange plans to
implement the changes on April 1,
2021.
The text of the proposed rule change
is available at the Exchange’s website at
www.iextrading.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
1 15
U.S.C. 78s(b)(1).
CFR 240.19b–4.
3 15 U.S.C. 78s(b)(1).
4 17 CFR 240.19b–4.
5 15 U.S.C. 78s(b)(3)(A)(ii).
2 17
PO 00000
Frm 00069
Fmt 4703
Sfmt 4703
of these statements may be examined at
the places specified in Item IV below.
The self-regulatory organization has
prepared summaries, set forth in
Sections A, B, and C below, of the most
significant aspects of such statements.
A. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
1. Purpose
The Exchange proposes to amend its
Fee Schedule, pursuant to IEX Rule
15.110(a) and (c), to modify the fees
applicable to executions of and with
displayable orders for securities priced
at or above $1.00 per share, and to make
several related and conforming changes.
Specifically, the Exchange proposes not
to charge Members 6 a fee for executions
of orders that provide displayed
liquidity, and proposes to charge a fee
of $0.0006 per share for executions of
orders that remove displayed liquidity,
unless a lower fee applies.7 In addition,
the Exchange proposes to revise the
existing internalization fee, 8 which
currently provides that there is no fee
for executions when the adding and
removing order originated from the
same Member, to apply the proposed
fees for adding and removing displayed
liquidity provided by the same Member,
while continuing to offer free executions
for adding and removing non-displayed
liquidity provided by the same Member.
Currently, the Exchange charges a fee
of $0.0003 per share for an execution at
or above $1.00 that adds or removes
displayed liquidity and charges a fee of
$0.0009 per share for an execution at or
above $1.00 that adds or removes nondisplayed liquidity. However, pursuant
to a pricing incentive adopted when the
Exchange began to offer D-Limit orders,9
a displayed or non-displayed D-Limit
order 10 that provides liquidity and is
executed at a price at or above $1.00
results in a free execution.
As proposed, all displayed orders that
provide liquidity will execute free of
charge, and all orders that remove
displayed liquidity will be charged a fee
of $0.0006 per share, with the exception
that executions below $1.00 will
continue to be assessed a fee of 0.30%
of the total dollar value of the execution
6 See
IEX Rule 1.160(s).
example, as discussed infra, if a Retail order
removes displayed liquidity, the Retail order would
not be charged a fee.
8 The internalization fee code is applied to orders
in which the Member executes against resting
liquidity added by such Member.
9 See Securities Exchange Act Release No. 89967
(September 23, 2020), 85 FR 63616 (October 8,
2020) (SR–IEX–2020–14).
10 See IEX Rule 11.190(b)(7).
7 For
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[Federal Register Volume 86, Number 63 (Monday, April 5, 2021)]
[Notices]
[Page 17654]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-07081]
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SECURITIES AND EXCHANGE COMMISSION
Sunshine Act Meetings
TIME AND DATE: 2:30 p.m. on Thursday, April 1, 2021.
PLACE: The meeting will be held via remote means and/or at the
Commission's headquarters, 100 F Street NE, Washington, DC 20549.
STATUS: This meeting will be closed to the public.
MATTERS TO BE CONSIDERED: Commissioners, Counsel to the Commissioners,
the Secretary to the Commission, and recording secretaries will attend
the closed meeting. Certain staff members who have an interest in the
matters also may be present.
In the event that the time, date, or location of this meeting
changes, an announcement of the change, along with the new time, date,
and/or place of the meeting will be posted on the Commission's website
at https://www.sec.gov.
The General Counsel of the Commission, or his designee, has
certified that, in his opinion, one or more of the exemptions set forth
in 5 U.S.C. 552b(c)(3), (5), (6), (7), (8), 9(B) and (10) and 17 CFR
200.402(a)(3), (a)(5), (a)(6), (a)(7), (a)(8), (a)(9)(ii) and (a)(10),
permit consideration of the scheduled matters at the closed meeting.
The subject matter of the closed meeting will consist of the
following topics:
Matters related to litigation; and
Other matters relating to examinations and enforcement proceedings.
At times, changes in Commission priorities require alterations in
the scheduling of meeting agenda items that may consist of
adjudicatory, examination, litigation, or regulatory matters.
CONTACT PERSON FOR MORE INFORMATION: For further information; please
contact Vanessa A. Countryman from the Office of the Secretary at (202)
551-5400.
Dated: April 1, 2021.
Vanessa A. Countryman,
Secretary.
[FR Doc. 2021-07081 Filed 4-1-21; 4:15 pm]
BILLING CODE 8011-01-P
