Sunshine Act Meetings, 20541 [2021-08277]
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Federal Register / Vol. 86, No. 74 / Tuesday, April 20, 2021 / Notices
III. Notice of Filing
The Commission will continue to use
Docket No. MT2019–1 to consider
matters raised by the Postal Service’s
Request. The Commission invites
comments on whether the Request
complies with applicable statutory and
regulatory requirements, including 39
U.S.C. 3641, 39 CFR part 3045, and
Order No. 5239. Comments are due by
May 14, 2021. The public portions of
filings in this docket can be accessed via
the Commission’s website (https://
www.prc.gov).
39 U.S.C. 505 requires the
Commission to designate an officer of
the Commission to represent the
interests of the general public in all
public proceedings (Public
Representative). The Commission
previously appointed Gregory Stanton
to serve as the Public Representative in
this proceeding. He remains appointed
to serve as the Public Representative.
IV. Ordering Paragraphs
It is ordered:
1. Pursuant to 39 U.S.C. 505, Gregory
Stanton remains appointed to serve as
the Public Representative in this
proceeding.
2. Comments are due by than May 14,
2021.
3. The Secretary shall arrange for
publication of this Order in the Federal
Register.
By the Commission.
Erica A. Barker,
Secretary.
BILLING CODE 7710–FW–P
Sunshine Act Meetings
1 p.m., April 19, 2021.
Meeting will be held by
teleconference.
PLACE:
Closed.
MATTERS TO BE CONSIDERED:
(1)
Litigation Matter.
CONTACT PERSON FOR MORE INFORMATION:
Stephanie Hillyard, Secretary to the
Board, Phone No. 312–751–4920.
Authority: 5 U.S.C. 552b.
[FR Doc. 2021–08277 Filed 4–16–21; 4:15 pm]
BILLING CODE 7905–01–P
17:10 Apr 19, 2021
April 14, 2021.
Pursuant to Section 19(b)(1) 1 of the
Securities Exchange Act of 1934 (the
‘‘Act’’) 2 and Rule 19b–4 thereunder,3
notice is hereby given that, on April 1,
2021, NYSE Arca, Inc. (‘‘NYSE Arca’’ 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 self-regulatory
organization. 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
Rule 7.37–E to specify when the
Exchange may adjust its calculation of
the PBBO. The proposed rule change is
available on the Exchange’s website at
www.nyse.com, at the principal office of
the Exchange, and at the Commission’s
Public Reference Room.
A. Self-Regulatory Organization’s
Statement of the Purpose of, and the
Statutory Basis for, the Proposed Rule
Change
1. Purpose
The Exchange proposes to amend
Rule 7.37–E to specify when the
Dated: April 16, 2021.
Stephanie Hillyard,
Secretary to the Board.
VerDate Sep<11>2014
Self-Regulatory Organizations; NYSE
Arca, Inc.; Notice of Filing and
Immediate Effectiveness of Proposed
Rule Change To Amend Rule 7.37–E
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
of those 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 parts of such
statements.
RAILROAD RETIREMENT BOARD
STATUS:
[Release No. 34–91564; File No. SR–
NYSEARCA–2021–21)
II. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
[FR Doc. 2021–08031 Filed 4–19–21; 8:45 am]
TIME AND DATE:
SECURITIES AND EXCHANGE
COMMISSION
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U.S.C. 78s(b)(1).
U.S.C. 78a.
3 17 CFR 240.19b–4.
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20541
Exchange may adjust its calculation of
the PBBO.4
Generally, the Exchange updates both
the PBBO and NBBO based on quote
updates received from data feeds from
Away Markets, which are disclosed in
Rule 7.37–E(d).5 In 2015, the Exchange
described in a rule filing that when it
routes interest to a protected quotation,
the Exchange adjusts the PBBO.6 The
Exchange proposes to amend its rules to
include that description in Rule 7.37–E
and provide additional specificity of
when it may adjust its calculation of the
PBBO.
As proposed, new paragraph (d)(2) of
Rule 7.37–E would provide:
The Exchange may adjust its
calculation of the PBBO based on
information about orders it sends to
Away Markets with protected
quotations, execution reports received
from those Away Markets, and certain
orders received by the Exchange.
This proposed rule text is consistent
with the Exchange’s disclosure in the
Datafeed Filing and adds specificity that
the Exchange may adjust its calculation
of the PBBO based on execution reports
received from Away Markets and certain
orders received by the Exchange.7
Proposed Rule 7.37–E(d)(2) is based
on MEMX LLC (‘‘MEMX’’) Rule 13.4(b)
with two non-substantive differences.8
First, the Exchange proposes to use the
term ‘‘PBBO,’’ which is the term used in
the Exchange’s rules for the best-priced
4 The term ‘‘PBBO’’ is defined in Rule 1.1 to mean
the Best Protected Bid and the Best Protected Offer,
which in turn mean the highest Protected Bid and
the lowest Protected Offer, which refer to
quotations in an NMS stock that is (i) displayed by
an Automated Trading Center; (ii) disseminated
pursuant to an effective national market system
plan; and (iii) an Automated Quotation that is the
best bid or best offer of a national securities
exchange or the best bid or best offer of a national
securities association. The term NBBO is defined to
mean the national best bid and offer. The Exchange
notes that the NBBO may differ from the PBBO
because the NBBO includes Manual Quotations,
which are defined as any quotation other than an
automated quotation. 17 CFR 242.600(b)(37).
5 The Exchange proposes non-substantive
amendments to Rule 7.37–E(d) to update the names
of the exchanges listed in the table by replacing the
term ‘‘Bats’’ with ‘‘Cboe,’’ adding reference to
‘‘BYX’’ for one of the Cboe exchanges, replacing the
term ‘‘NASDAQ’’ with ‘‘Nasdaq,’’ and adding the
word ‘‘The’’ before Nasdaq Stock Market LLC.
6 See Securities Exchange Act Release No. 74409
(March 2, 2015), 80 FR 12221 (March 6, 2015) (SR–
NYSEArca–2015–11) (Notice of filing and
immediate effectiveness of proposed rule change)
(‘‘Datafeed Filing’’).
7 The Exchange does not adjust its calculation of
the NBBO based on information about orders sent
to Away Markets, execution reports from Away
Markets, or certain orders received by the Exchange.
8 MEMX Rule 13.4(b) provides: ‘‘The Exchange
may adjust its calculation of the NBBO based on
information about orders sent to other venues with
protected quotations, execution reports received
from those venues, and certain orders received by
the Exchange.’’
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Agencies
[Federal Register Volume 86, Number 74 (Tuesday, April 20, 2021)]
[Notices]
[Page 20541]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-08277]
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RAILROAD RETIREMENT BOARD
Sunshine Act Meetings
TIME AND DATE: 1 p.m., April 19, 2021.
PLACE: Meeting will be held by teleconference.
STATUS: Closed.
MATTERS TO BE CONSIDERED: (1) Litigation Matter.
CONTACT PERSON FOR MORE INFORMATION: Stephanie Hillyard, Secretary to
the Board, Phone No. 312-751-4920.
Authority: 5 U.S.C. 552b.
Dated: April 16, 2021.
Stephanie Hillyard,
Secretary to the Board.
[FR Doc. 2021-08277 Filed 4-16-21; 4:15 pm]
BILLING CODE 7905-01-P