Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc., Inc.; Notice of Filing of Amendment No. 1 and Order Instituting Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change, as Modified by Amendment No. 1, To Amend the Requirements for Covered Agency Transactions Under FINRA Rule 4210 (Margin Requirements) as Approved Pursuant to SR-FINRA-2015-036, 47665-47666 [2021-18346]
Download as PDF
Federal Register / Vol. 86, No. 163 / Thursday, August 26, 2021 / Notices
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–92713; File No. SR–FINRA–
2021–010]
Self-Regulatory Organizations;
Financial Industry Regulatory
Authority, Inc., Inc.; Notice of Filing of
Amendment No. 1 and Order Instituting
Proceedings To Determine Whether To
Approve or Disapprove a Proposed
Rule Change, as Modified by
Amendment No. 1, To Amend the
Requirements for Covered Agency
Transactions Under FINRA Rule 4210
(Margin Requirements) as Approved
Pursuant to SR–FINRA–2015–036
August 20, 2021.
I. Introduction
On May 7, 2021, the Financial
Industry Regulatory Authority, Inc.
(‘‘FINRA’’) filed with the Securities and
Exchange Commission (‘‘Commission’’)
the proposed rule change SR–FINRA–
2021–010 (‘‘Proposed Rule Change’’)
pursuant to Section 19(b)(1) of the
Securities Exchange Act of 1934
(‘‘Exchange Act’’) 1 and Rule 19b–4 2
thereunder, to amend the margin
requirements for covered agency
transactions under FINRA Rule 4210.3
The Proposed Rule Change was
published for public comment in the
Federal Register on May 25, 2021.4 On
June 30, 2021, FINRA consented to an
extension of the time period in which
the Commission must approve the
Proposed Rule Change, disapprove the
Proposed Rule Change, or institute
proceedings to determine whether to
approve or disapprove the Proposed
Rule Change to August 23, 2021.5 On
August 9, 2021, FINRA responded to the
comment letters received in response to
the Notice and filed an amendment to
modify the Proposed Rule Change
(‘‘Amendment No. 1’’).6 The
Commission is publishing this notice
and order to solicit comment on the
Proposed Rule Change, as modified by
Amendment No. 1, from interested
persons and to institute proceedings
pursuant to Section 19(b)(2)(B) of the
1 15
U.S.C. 78s(b)(1).
CFR 240.19b–4.
3 See Exchange Act Release No. 91937 (May 19,
2021), 86 FR 28161 (May 25, 2021) (File No. SR–
FINRA–2021–010) (‘‘Notice’’).
4 See id.
5 See letter from Adam Arkel, Associate General
Counsel, Office of General Counsel, FINRA, to
Sheila Swartz, Division of Trading and Markets,
Commission, dated June 30, 2021.
6 See Amendment No. 1. The comment letters
received in response to the Notice and the full text
of Amendment No. 1 are available on the
Commission’s website at: https://www.sec.gov/
comments/sr-finra-2021-010/srfinra2021010.htm.
jbell on DSKJLSW7X2PROD with NOTICES
2 17
VerDate Sep<11>2014
17:30 Aug 25, 2021
Jkt 253001
Exchange Act 7 to determine whether to
approve or disapprove the Proposed
Rule Change, as modified by
Amendment No. 1.
II. Description of the Proposed Rule
Change, as Modified by Amendment
No. 1
FINRA is proposing revisions to the
margin requirements for Covered
Agency Transactions in FINRA Rule
4210 as approved pursuant to SR–
FINRA–2015–036.8 Broadly, the
Proposed Rule Change, as modified by
Amendment No. 1 would: (1) Eliminate
the two percent maintenance margin
requirement that applies to non-exempt
accounts under FINRA Rule 4210; (2)
subject to specified conditions and
limitations, permit FINRA members to
take a capital charge in lieu of collecting
margin for excess net mark to market
losses on Covered Agency Transactions;
and (3) make revisions designed to
streamline, consolidate and clarify the
Covered Agency Transaction rule
language.9
Amendment No. 1 would make the
following changes to the Proposed Rule
Change: (1) Modify the definition of
‘‘non-margin counterparty’’ to exclude
small cash counterparties and other
exempted counterparties; and (2) define
a FINRA member’s ‘‘specified net
capital deductions’’ as the net capital
deductions required by paragraph
(e)(2)(H)(ii)d.1 of FINRA Rule 4210 with
respect to all unmargined excess net
mark to market losses of its
counterparties, except to the extent that
the member, in good faith, expects such
excess net mark to market losses to be
margined by the close of business on the
fifth business day after they arose.10 In
addition, Amendment No. 1 states that,
if the Commission approves the
Proposed Rule Change, as modified by
Amendment No. 1, FINRA will
announce the effective date of the
Proposed Rule Change, as modified by
Amendment No. 1, in a Regulatory
7 15
U.S.C. 78s(b)(2)(B).
Exchange Act Release No. 78081 (June 15,
2016), 81 FR 40364 (June 21, 2016) (Notice of Filing
of Amendment No. 3 and Order Granting
Accelerated Approval to a Proposed Rule Change to
Amend FINRA Rule 4210 (Margin Requirements) to
Establish Margin Requirements for the TBA Market,
as Modified by Amendment Nos. 1, 2, and 3; File
No. SR–FINRA–2015–036). FINRA has extended the
implementation date of the margin requirements
(other than the risk limit determination
requirements that became effective on December 15,
2016) pursuant to SR–FINRA–2015–036 on several
occasions, most recently to October 26, 2021. See
Notice, 86 FR at 28162.
9 See Notice, 86 FR at 28163.
10 Amendment No. 1 also contains some
conforming changes to paragraph numbering to
accommodate the proposed modifications to the
rule text. See Exhibit 4 to Amendment No. 1.
8 See
PO 00000
Frm 00052
Fmt 4703
Sfmt 4703
47665
Notice to be published no later than 60
days following Commission approval.
The effective date would be between
nine and ten months following the
Commission’s approval.
III. Proceedings To Determine Whether
To Approve or Disapprove SR–FINRA–
2021–010 and Grounds for Disapproval
Under Consideration
The Commission is instituting
proceedings pursuant to Section
19(b)(2)(B) of the Exchange Act to
determine whether the Proposed Rule
Change, as modified by Amendment No.
1, should be approved or disapproved.11
Institution of proceedings is appropriate
at this time in view of the legal and
policy issues raised by the Proposed
Rule Change, as modified by
Amendment No. 1. Institution of
proceedings does not indicate that the
Commission has reached any
conclusions with respect to the
Proposed Rule Change, as modified by
Amendment No. 1.
Pursuant to Section 19(b)(2)(B) of the
Exchange Act,12 the Commission is
providing notice of the grounds for
disapproval under consideration. The
Commission is instituting proceedings
to allow for additional analysis and
input concerning whether the Proposed
Rule Change, as modified by
Amendment No. 1, is consistent with
the Exchange Act and the rules
thereunder.
IV. Request for Written Comments
The Commission requests that
interested persons provide written
submissions of their views, data, and
arguments with respect to the issues
identified above, as well as any other
concerns they may have with the
Proposed Rule Change, as modified by
Amendment No. 1. In particular, the
Commission invites the written views of
interested persons concerning whether
the Proposed Rule Change, as modified
by Amendment No. 1, is consistent with
the Exchange Act and the rules
thereunder.
Although there do not appear to be
any issues relevant to approval or
disapproval that would be facilitated by
an oral presentation of views, data, and
arguments, the Commission will
consider, pursuant to Rule 19b–4 under
the Exchange Act,13 any request for an
opportunity to make an oral
presentation.14
11 15
U.S.C. 78s(b)(2)(B).
12 Id.
13 17
CFR 240.19b–4.
19(b)(2) of the Act, as amended by the
Securities Act Amendments of 1975, Public Law
94–29 (June 4, 1975), grants the Commission
14 Section
E:\FR\FM\26AUN1.SGM
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26AUN1
47666
Federal Register / Vol. 86, No. 163 / Thursday, August 26, 2021 / Notices
Interested persons are invited to
submit written data, views, and
arguments regarding whether the
Proposed Rule Change, as modified by
Amendment No. 1, should be approved
or disapproved by September 10, 2021.
Any person who wishes to file a rebuttal
to any other person’s submission must
file that rebuttal by September 16, 2021.
Comments may be submitted by any
of the following methods:
Electronic Comments
• Use the Commission’s internet
comment form (https://www.sec.gov/
rules/sro.shtml); or
• Send an email to rule-comments@
sec.gov. Please include File Number SR–
FINRA–2021–010 on the subject line.
jbell on DSKJLSW7X2PROD with NOTICES
Paper Comments
• Send paper comments in triplicate
to Secretary, Securities and Exchange
Commission, 100 F Street NE,
Washington, DC 20549–1090.
All submissions should refer to File
Number SR–FINRA–2021–010. This file
number should be included on the
subject line if email is used. To help the
Commission process and review your
comments more efficiently, please use
only one method. The Commission will
post all comments on the Commission’s
internet website (https://www.sec.gov/
rules/sro.shtml). Copies of the
submission, all subsequent
amendments, all written statements
with respect to the Proposed Rule
Change, as modified by Amendment No.
1, that are filed with the Commission,
and all written communications relating
to the Proposed Rule Change, as
modified by Amendment No. 1, between
the Commission and any person, other
than those that may be withheld from
the public in accordance with the
provisions of 5 U.S.C. 552, will be
available for website viewing and
printing in the Commission’s Public
Reference Room, 100 F Street NE,
Washington, DC 20549, on official
business days between the hours of
10:00 a.m. and 3:00 p.m. Copies of such
filing also will be available for
inspection and copying at the principal
office of FINRA.
All comments received will be posted
without change. Persons submitting
comments are cautioned that we do not
redact or edit personal identifying
information from comment submissions.
flexibility to determine what type of proceeding—
either oral or notice and opportunity for written
comments—is appropriate for consideration of a
particular proposal by a self-regulatory
organization. See Securities Act Amendments of
1975, Senate Comm. on Banking, Housing & Urban
Affairs, S. Rep. No. 75, 94th Cong., 1st Sess. 30
(1975).
VerDate Sep<11>2014
17:30 Aug 25, 2021
Jkt 253001
You should submit only information
that you wish to make available
publicly.
All submissions should refer to File
Number SR–FINRA–2021–010, and
should be submitted on or before
September 10, 2021. Rebuttal comments
should be submitted by September 16,
2021.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.15
Jill M. Peterson,
Assistant Secretary.
proposed rule change, disapprove the
proposed rule change, or institute
proceedings to determine whether to
approve or disapprove the proposed
rule change to August 16, 2021.7 The
Commission has received no comment
letters on the proposed rule change. On
August 12, 2021, the Exchange
withdrew the proposed rule change
(SR–CboeBZX–2021–036).
[FR Doc. 2021–18346 Filed 8–25–21; 8:45 am]
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.8
Jill M. Peterson,
Assistant Secretary.
BILLING CODE 8011–01–P
[FR Doc. 2021–18345 Filed 8–25–21; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–92719; File No. SR–
CboeBZX–2021–036]
Self-Regulatory Organizations; Cboe
BZX Exchange, Inc.; Notice of
Withdrawal of a Proposed Rule Change
To Exclude a National Best Bid or Offer
From the Calculation of the BZX
Official Closing Price, as Provided in
Rule 11.23(c)(2)(B)(ii)(b), That Is
Outside the Bands Provided Under the
Plan To Address Extraordinary Market
Volatility
August 20, 2021.
On April 29, 2021, Cboe BZX
Exchange, Inc. (the ‘‘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 exclude a National Best Bid
or Offer 3 (‘‘NBBO’’) from the calculation
of the BZX Official Closing Price, as
provided in Rule 11.23(c)(2)(B)(ii)(b),
that is outside the bands provided under
the National Market System Plan to
Address Extraordinary Market Volatility
(‘‘Limit Up-Limit Down Plan’’ or ‘‘LULD
Plan’’).4
The proposed rule change was
published for comment in the Federal
Register on May 18, 2021.5 On June 25,
2021, pursuant to Section 19(b)(2) of the
Act,6 the Commission extended the time
period within which to approve the
15 17 CFR 200.30–3(a)(12); 17 CFR 200.30–
3(a)(57).
1 15 U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
3 See BZX Rule 1.5(o).
4 See Securities Exchange Act Release No. 88704
(April 21, 2020), 85 FR 23383 (April 27, 2020) (File
No. 4–634) (Amendment No. 20 Approval Order).
5 See Securities Exchange Act Release No. 91875
(May 12, 2021), 86 FR 26982 (May 18, 2021) (SR–
CboeBZX–2021–036) (‘‘Notice’’).
6 15 U.S.C. 78s(b)(2).
PO 00000
Frm 00053
Fmt 4703
Sfmt 4703
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–92712; File No. SR–CBOE–
2021–049]
Self-Regulatory Organizations; Cboe
Exchange, Inc.; Notice of Filing and
Immediate Effectiveness of a Proposed
Rule Change To Amend Its Fees
Schedule With Respect to Its Strategy
Fee Cap
August 20, 2021.
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 August
17, 2021, Cboe Exchange, Inc. (the
‘‘Exchange’’ or ‘‘Cboe Options’’) filed
with the Securities and Exchange
Commission (the ‘‘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
Cboe Exchange, Inc. (the ‘‘Exchange’’
or ‘‘Cboe Options’’) proposes to amend
its Fees Schedule with respect to its
strategy fee cap. The text of the
proposed rule change is provided in
Exhibit 5.
The text of the proposed rule change
is also available on the Exchange’s
website (https://www.cboe.com/
AboutCBOE/
CBOELegalRegulatoryHome.aspx), at
the Exchange’s Office of the Secretary,
7 See Securities Exchange Act Release No. 92268
(June 25, 2021), 86 FR 35143 (July 1, 2021).
8 17 CFR 200.30–3(a)(12).
1 15 U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
E:\FR\FM\26AUN1.SGM
26AUN1
Agencies
[Federal Register Volume 86, Number 163 (Thursday, August 26, 2021)]
[Notices]
[Pages 47665-47666]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-18346]
[[Page 47665]]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-92713; File No. SR-FINRA-2021-010]
Self-Regulatory Organizations; Financial Industry Regulatory
Authority, Inc., Inc.; Notice of Filing of Amendment No. 1 and Order
Instituting Proceedings To Determine Whether To Approve or Disapprove a
Proposed Rule Change, as Modified by Amendment No. 1, To Amend the
Requirements for Covered Agency Transactions Under FINRA Rule 4210
(Margin Requirements) as Approved Pursuant to SR-FINRA-2015-036
August 20, 2021.
I. Introduction
On May 7, 2021, the Financial Industry Regulatory Authority, Inc.
(``FINRA'') filed with the Securities and Exchange Commission
(``Commission'') the proposed rule change SR-FINRA-2021-010 (``Proposed
Rule Change'') pursuant to Section 19(b)(1) of the Securities Exchange
Act of 1934 (``Exchange Act'') \1\ and Rule 19b-4 \2\ thereunder, to
amend the margin requirements for covered agency transactions under
FINRA Rule 4210.\3\ The Proposed Rule Change was published for public
comment in the Federal Register on May 25, 2021.\4\ On June 30, 2021,
FINRA consented to an extension of the time period in which the
Commission must approve the Proposed Rule Change, disapprove the
Proposed Rule Change, or institute proceedings to determine whether to
approve or disapprove the Proposed Rule Change to August 23, 2021.\5\
On August 9, 2021, FINRA responded to the comment letters received in
response to the Notice and filed an amendment to modify the Proposed
Rule Change (``Amendment No. 1'').\6\ The Commission is publishing this
notice and order to solicit comment on the Proposed Rule Change, as
modified by Amendment No. 1, from interested persons and to institute
proceedings pursuant to Section 19(b)(2)(B) of the Exchange Act \7\ to
determine whether to approve or disapprove the Proposed Rule Change, as
modified by Amendment No. 1.
---------------------------------------------------------------------------
\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
\3\ See Exchange Act Release No. 91937 (May 19, 2021), 86 FR
28161 (May 25, 2021) (File No. SR-FINRA-2021-010) (``Notice'').
\4\ See id.
\5\ See letter from Adam Arkel, Associate General Counsel,
Office of General Counsel, FINRA, to Sheila Swartz, Division of
Trading and Markets, Commission, dated June 30, 2021.
\6\ See Amendment No. 1. The comment letters received in
response to the Notice and the full text of Amendment No. 1 are
available on the Commission's website at: https://www.sec.gov/comments/sr-finra-2021-010/srfinra2021010.htm.
\7\ 15 U.S.C. 78s(b)(2)(B).
---------------------------------------------------------------------------
II. Description of the Proposed Rule Change, as Modified by Amendment
No. 1
FINRA is proposing revisions to the margin requirements for Covered
Agency Transactions in FINRA Rule 4210 as approved pursuant to SR-
FINRA-2015-036.\8\ Broadly, the Proposed Rule Change, as modified by
Amendment No. 1 would: (1) Eliminate the two percent maintenance margin
requirement that applies to non-exempt accounts under FINRA Rule 4210;
(2) subject to specified conditions and limitations, permit FINRA
members to take a capital charge in lieu of collecting margin for
excess net mark to market losses on Covered Agency Transactions; and
(3) make revisions designed to streamline, consolidate and clarify the
Covered Agency Transaction rule language.\9\
---------------------------------------------------------------------------
\8\ See Exchange Act Release No. 78081 (June 15, 2016), 81 FR
40364 (June 21, 2016) (Notice of Filing of Amendment No. 3 and Order
Granting Accelerated Approval to a Proposed Rule Change to Amend
FINRA Rule 4210 (Margin Requirements) to Establish Margin
Requirements for the TBA Market, as Modified by Amendment Nos. 1, 2,
and 3; File No. SR-FINRA-2015-036). FINRA has extended the
implementation date of the margin requirements (other than the risk
limit determination requirements that became effective on December
15, 2016) pursuant to SR-FINRA-2015-036 on several occasions, most
recently to October 26, 2021. See Notice, 86 FR at 28162.
\9\ See Notice, 86 FR at 28163.
---------------------------------------------------------------------------
Amendment No. 1 would make the following changes to the Proposed
Rule Change: (1) Modify the definition of ``non-margin counterparty''
to exclude small cash counterparties and other exempted counterparties;
and (2) define a FINRA member's ``specified net capital deductions'' as
the net capital deductions required by paragraph (e)(2)(H)(ii)d.1 of
FINRA Rule 4210 with respect to all unmargined excess net mark to
market losses of its counterparties, except to the extent that the
member, in good faith, expects such excess net mark to market losses to
be margined by the close of business on the fifth business day after
they arose.\10\ In addition, Amendment No. 1 states that, if the
Commission approves the Proposed Rule Change, as modified by Amendment
No. 1, FINRA will announce the effective date of the Proposed Rule
Change, as modified by Amendment No. 1, in a Regulatory Notice to be
published no later than 60 days following Commission approval. The
effective date would be between nine and ten months following the
Commission's approval.
---------------------------------------------------------------------------
\10\ Amendment No. 1 also contains some conforming changes to
paragraph numbering to accommodate the proposed modifications to the
rule text. See Exhibit 4 to Amendment No. 1.
---------------------------------------------------------------------------
III. Proceedings To Determine Whether To Approve or Disapprove SR-
FINRA-2021-010 and Grounds for Disapproval Under Consideration
The Commission is instituting proceedings pursuant to Section
19(b)(2)(B) of the Exchange Act to determine whether the Proposed Rule
Change, as modified by Amendment No. 1, should be approved or
disapproved.\11\ Institution of proceedings is appropriate at this time
in view of the legal and policy issues raised by the Proposed Rule
Change, as modified by Amendment No. 1. Institution of proceedings does
not indicate that the Commission has reached any conclusions with
respect to the Proposed Rule Change, as modified by Amendment No. 1.
---------------------------------------------------------------------------
\11\ 15 U.S.C. 78s(b)(2)(B).
---------------------------------------------------------------------------
Pursuant to Section 19(b)(2)(B) of the Exchange Act,\12\ the
Commission is providing notice of the grounds for disapproval under
consideration. The Commission is instituting proceedings to allow for
additional analysis and input concerning whether the Proposed Rule
Change, as modified by Amendment No. 1, is consistent with the Exchange
Act and the rules thereunder.
---------------------------------------------------------------------------
\12\ Id.
---------------------------------------------------------------------------
IV. Request for Written Comments
The Commission requests that interested persons provide written
submissions of their views, data, and arguments with respect to the
issues identified above, as well as any other concerns they may have
with the Proposed Rule Change, as modified by Amendment No. 1. In
particular, the Commission invites the written views of interested
persons concerning whether the Proposed Rule Change, as modified by
Amendment No. 1, is consistent with the Exchange Act and the rules
thereunder.
Although there do not appear to be any issues relevant to approval
or disapproval that would be facilitated by an oral presentation of
views, data, and arguments, the Commission will consider, pursuant to
Rule 19b-4 under the Exchange Act,\13\ any request for an opportunity
to make an oral presentation.\14\
---------------------------------------------------------------------------
\13\ 17 CFR 240.19b-4.
\14\ Section 19(b)(2) of the Act, as amended by the Securities
Act Amendments of 1975, Public Law 94-29 (June 4, 1975), grants the
Commission flexibility to determine what type of proceeding--either
oral or notice and opportunity for written comments--is appropriate
for consideration of a particular proposal by a self-regulatory
organization. See Securities Act Amendments of 1975, Senate Comm. on
Banking, Housing & Urban Affairs, S. Rep. No. 75, 94th Cong., 1st
Sess. 30 (1975).
---------------------------------------------------------------------------
[[Page 47666]]
Interested persons are invited to submit written data, views, and
arguments regarding whether the Proposed Rule Change, as modified by
Amendment No. 1, should be approved or disapproved by September 10,
2021. Any person who wishes to file a rebuttal to any other person's
submission must file that rebuttal by September 16, 2021.
Comments may be submitted by any of the following methods:
Electronic Comments
Use the Commission's internet comment form (https://www.sec.gov/rules/sro.shtml); or
Send an email to [email protected]. Please include
File Number SR-FINRA-2021-010 on the subject line.
Paper Comments
Send paper comments in triplicate to Secretary, Securities
and Exchange Commission, 100 F Street NE, Washington, DC 20549-1090.
All submissions should refer to File Number SR-FINRA-2021-010. This
file number should be included on the subject line if email is used. To
help the Commission process and review your comments more efficiently,
please use only one method. The Commission will post all comments on
the Commission's internet website (https://www.sec.gov/rules/sro.shtml).
Copies of the submission, all subsequent amendments, all written
statements with respect to the Proposed Rule Change, as modified by
Amendment No. 1, that are filed with the Commission, and all written
communications relating to the Proposed Rule Change, as modified by
Amendment No. 1, between the Commission and any person, other than
those that may be withheld from the public in accordance with the
provisions of 5 U.S.C. 552, will be available for website viewing and
printing in the Commission's Public Reference Room, 100 F Street NE,
Washington, DC 20549, on official business days between the hours of
10:00 a.m. and 3:00 p.m. Copies of such filing also will be available
for inspection and copying at the principal office of FINRA.
All comments received will be posted without change. Persons
submitting comments are cautioned that we do not redact or edit
personal identifying information from comment submissions. You should
submit only information that you wish to make available publicly.
All submissions should refer to File Number SR-FINRA-2021-010, and
should be submitted on or before September 10, 2021. Rebuttal comments
should be submitted by September 16, 2021.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\15\
---------------------------------------------------------------------------
\15\ 17 CFR 200.30-3(a)(12); 17 CFR 200.30-3(a)(57).
---------------------------------------------------------------------------
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2021-18346 Filed 8-25-21; 8:45 am]
BILLING CODE 8011-01-P