Joint Industry Plan; Notice of Withdrawal of Amendment to the National Market System Plan Governing the Consolidated Audit Trail, 83175-83176 [2023-26125]

Download as PDF Federal Register / Vol. 88, No. 227 / Tuesday, November 28, 2023 / Notices Filing Acceptance Date: November 21, 2023; Filing Authority: 39 CFR 3035.105; Public Representative: Gregory S. Stanton; Comments Due: December 1, 2023. 2. Docket No(s).: MC2024–69 and CP2024–70; Filing Title: USPS Request to Add Priority Mail & USPS Ground Advantage Contract 112 to Competitive Product List and Notice of Filing Materials Under Seal; Filing Acceptance Date: November 21, 2023; Filing Authority: 39 U.S.C. 3642, 39 CFR 3040.130 through 3040.135, and 39 CFR 3035.105; Public Representative: Katalin K. Clendenin; Comments Due: December 1, 2023. This Notice will be published in the Federal Register. Erica A. Barker, Secretary. [FR Doc. 2023–26205 Filed 11–27–23; 8:45 am] BILLING CODE 7710–FW–P POSTAL REGULATORY COMMISSION [Docket Nos. MC2024–66 and CP2024–67; MC2024–67 and CP2024–68; MC2024–68 and CP2024–69] New Postal Products Postal Regulatory Commission. ACTION: Notice. AGENCY: 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: November 30, 2023. 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: SUMMARY: lotter on DSK11XQN23PROD with NOTICES1 Table of Contents I. Introduction II. Docketed Proceeding(s) I. Introduction The Commission gives notice that the Postal Service filed request(s) for the Commission to consider matters related to negotiated service agreement(s). The request(s) may propose the addition or VerDate Sep<11>2014 17:19 Nov 27, 2023 Jkt 262001 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. II. Docketed Proceeding(s) 1. Docket No(s).: MC2024–66 and CP2024–67; Filing Title: USPS Request to Add Priority Mail & USPS Ground Advantage Contract 109 to Competitive Product List and Notice of Filing Materials Under Seal; Filing Acceptance Date: November 20, 2023; Filing Authority: 39 U.S.C. 3642, 39 CFR 3040.130 through 3040.135, and 39 CFR 3035.105; Public Representative: Kenneth R. Moeller; Comments Due: November 30, 2023. 2. Docket No(s).: MC2024–67 and CP2024–68; Filing Title: USPS Request to Add Priority Mail & USPS Ground Advantage Contract 110 to Competitive 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 00103 Fmt 4703 Sfmt 4703 83175 Product List and Notice of Filing Materials Under Seal; Filing Acceptance Date: November 20, 2023; Filing Authority: 39 U.S.C. 3642, 39 CFR 3040.130 through 3040.135, and 39 CFR 3035.105; Public Representative: Kenneth R. Moeller; Comments Due: November 30, 2023. 3. Docket No(s).: MC2024–68 and CP2024–69; Filing Title: USPS Request to Add Priority Mail & USPS Ground Advantage Contract 111 to Competitive Product List and Notice of Filing Materials Under Seal; Filing Acceptance Date: November 20, 2023; Filing Authority: 39 U.S.C. 3642, 39 CFR 3040.130 through 3040.135, and 39 CFR 3035.105; Public Representative: Kenneth R. Moeller; Comments Due: November 30, 2023. This Notice will be published in the Federal Register. Erica A. Barker, Secretary. [FR Doc. 2023–26114 Filed 11–27–23; 8:45 am] BILLING CODE 7710–FW–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–99001; File No. 4–698] Joint Industry Plan; Notice of Withdrawal of Amendment to the National Market System Plan Governing the Consolidated Audit Trail November 21, 2023. On August 3, 2023, the Operating Committee for Consolidated Audit Trail, LLC (‘‘CAT LLC’’), on behalf of the following parties to the National Market System Plan Governing the Consolidated Audit Trail (the ‘‘CAT NMS Plan’’): 1 BOX Exchange LLC, Cboe BYX Exchange, Inc., Cboe BZX Exchange, Inc., Cboe EDGA Exchange, Inc., Cboe EDGX Exchange, Inc., Cboe C2 Exchange, Inc., Cboe Exchange, Inc., Financial Industry Regulatory Authority, Inc., Investors Exchange LLC, Long-Term Stock Exchange, Inc., MEMX LLC, Miami International Securities Exchange LLC, MIAX Emerald, LLC, MIAX PEARL, LLC, Nasdaq BX, Inc., Nasdaq GEMX, LLC, Nasdaq ISE, LLC, Nasdaq MRX, LLC, Nasdaq PHLX LLC, The NASDAQ Stock Market LLC, New York Stock Exchange LLC, NYSE American LLC, NYSE Arca, Inc., NYSE 1 The CAT NMS Plan is a national market system plan approved by the Commission pursuant to Section 11A of the Exchange Act and the rules and regulations thereunder. See Exchange Act Release No. 79318 (Nov. 15, 2016), 81 FR 84696 (Nov. 23, 2016). Unless otherwise defined herein, capitalized terms used herein are defined as set forth in the CAT NMS Plan. E:\FR\FM\28NON1.SGM 28NON1 83176 Federal Register / Vol. 88, No. 227 / Tuesday, November 28, 2023 / Notices Chicago, Inc. and NYSE National, Inc. (collectively, the ‘‘Participants’’) filed with the Securities and Exchange Commission (‘‘Commission’’) pursuant to Section 11A(a)(3) of the Securities Exchange Act of 1934 (‘‘Exchange Act’’),2 and Rule 608 of Regulation NMS thereunder,3 a proposed amendment to the CAT NMS Plan to modify the current linkage timeline for the consolidated audit trail to a different linkage timeline.4 The proposed plan amendment (the ‘‘Proposed Amendment’’) was published for comment in the Federal Register on August 24, 2023.5 The Commission is publishing this notice to reflect that on November 9, 2023, prior to the end of the 90-day period provided for in Rule 608(b)(2)(i) of Regulation NMS,6 the Participants withdrew the Proposed Amendment.7 proposed rule change from interested persons. By the Commission. J. Matthew DeLesDernier, Deputy Secretary. 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 proposed rule change. The text of these 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 aspects of such statements. [FR Doc. 2023–26125 Filed 11–27–23; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–99012; File No. SR– CboeEDGA–2023–020] Self-Regulatory Organizations; Cboe EDGA Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Its Fee Schedule 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 November 10, 2023, Cboe EDGA Exchange, Inc. (the ‘‘Exchange’’ or ‘‘EDGA’’) filed with the Securities and Exchange Commission (‘‘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 2 15 U.S.C. 78k–1(a)(3). CFR 242.608. 4 See Letter from Brandon Becker, CAT NMS Plan Operating Committee Chair, to Vanessa Countryman, Secretary, Commission (Aug. 3, 2023). 5 See Exchange Act Release No. 98165 (Aug. 18, 2023), 88 FR 58012 (Aug. 24, 2023). Comments received in response to the Notice can be found on the Commission’s website at https://www.sec.gov/ comments/4-698/4-698-c.htm. 6 See 17 CFR 242.608(b)(2)(i). 7 See Letter from Brandon Becker, CAT NMS Plan Operating Committee Chair, to Vanessa Countryman, Secretary, Commission (Nov. 9, 2023). 1 15 U.S.C. 78s(b)(1). 2 17 CFR 240.19b–4. lotter on DSK11XQN23PROD with NOTICES1 3 17 17:19 Nov 27, 2023 Cboe EDGA Exchange, Inc. (the ‘‘Exchange’’) proposes to amend its Fee Schedule. 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://markets.cboe.com/us/ equities/regulation/rule_filings/edga/), at the Exchange’s Office of the Secretary, 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 A. Self-Regulatory Organization’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change 1. Purpose November 22, 2023. VerDate Sep<11>2014 I. Self-Regulatory Organization’s Statement of the Terms of Substance of the Proposed Rule Change Jkt 262001 The Exchange proposes to amend its Fee Schedule applicable to its equities trading platform (‘‘EDGA Equities’’) by modifying its Add/Remove Volume Tiers. The Exchange proposes to implement these changes effective November 1, 2023.3 The Exchange first notes that it operates in a highly competitive market in which market participants can readily direct order flow to competing venues if they deem fee levels at a particular venue to be excessive or incentives to be insufficient. More specifically, the Exchange is only one of 16 registered equities exchanges, as well as a number of alternative trading systems and other off-exchange venues that do not have similar self-regulatory responsibilities under the Securities Exchange Act of 1934 (the ‘‘Act’’), to which market participants may direct their order flow. Based on publicly 3 The Exchange initially filed the proposed fee change on November 1, 2023 (SR–CboeEDGA– 2023–019). On November 10, 2023, the Exchange withdrew that filing and submitted this proposal. PO 00000 Frm 00104 Fmt 4703 Sfmt 4703 available information,4 no single registered equities exchange has more than 17% of the market share. Thus, in such a low-concentrated and highly competitive market, no single equities exchange possesses significant pricing power in the execution of order flow. The Exchange in particular operates a ‘‘Taker-Maker’’ model whereby it pays credits to members that remove liquidity and assesses fees to those that add liquidity. The Exchange’s Fee Schedule sets forth the standard rebates and rates applied per share for orders that remove and provide liquidity, respectively. Currently, for orders in securities priced at or above $1.00, the Exchange provides a standard rebate of $0.00160 per share for orders that remove liquidity and assesses a fee of $0.0030 per share for orders that add liquidity.5 For orders in securities priced below $1.00, the Exchange does not assess any fees or provide any rebates for orders that add or remove liquidity.6 Additionally, in response to the competitive environment, the Exchange also offers tiered pricing which provides Members opportunities to qualify for higher rebates or reduced fees where certain volume criteria and thresholds are met. Tiered pricing provides an incremental incentive for Members to strive for higher tier levels, which provides increasingly higher benefits or discounts for satisfying increasingly more stringent criteria. Add/Remove Volume Tiers Under footnote 7 of the Fee Schedule, the Exchange currently offers various Add/Remove Volume Tiers. In particular, the Exchange offers three Add Volume Tiers that each assess a reduced fee for Members’ qualifying orders yielding fee codes 3,7 4,8 B,9 V,10 and Y,11 where a Member reaches certain add volume-based criteria. The Exchange is proposing to introduce a new Add Volume Tier 4. The proposed criteria is as follows: 4 See Cboe Global Markets, U.S. Equities Market Volume Summary, Month-to-Date (October 27, 2023), available at https://www.cboe.com/us/ equities/market_statistics/. 5 See EDGA Equities Fee Schedule, Standard Rates. 6 Id. 7 Fee code 3 is appended to orders that add liquidity to EDGA in Tape A or Tape C securities during the pre and post market. 8 Fee code 4 is appended to orders that add liquidity to EDGA in Tape B securities during the pre and post market. 9 Fee code B is appended to orders that add liquidity to EDGA in Tape B securities. 10 Fee code V is appended to orders that add liquidity to EDGA in Tape A securities. 11 Fee code Y is appended to orders that add liquidity to EDGA in Tape C securities. E:\FR\FM\28NON1.SGM 28NON1

Agencies

[Federal Register Volume 88, Number 227 (Tuesday, November 28, 2023)]
[Notices]
[Pages 83175-83176]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-26125]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-99001; File No. 4-698]


Joint Industry Plan; Notice of Withdrawal of Amendment to the 
National Market System Plan Governing the Consolidated Audit Trail

November 21, 2023.
    On August 3, 2023, the Operating Committee for Consolidated Audit 
Trail, LLC (``CAT LLC''), on behalf of the following parties to the 
National Market System Plan Governing the Consolidated Audit Trail (the 
``CAT NMS Plan''): \1\ BOX Exchange LLC, Cboe BYX Exchange, Inc., Cboe 
BZX Exchange, Inc., Cboe EDGA Exchange, Inc., Cboe EDGX Exchange, Inc., 
Cboe C2 Exchange, Inc., Cboe Exchange, Inc., Financial Industry 
Regulatory Authority, Inc., Investors Exchange LLC, Long-Term Stock 
Exchange, Inc., MEMX LLC, Miami International Securities Exchange LLC, 
MIAX Emerald, LLC, MIAX PEARL, LLC, Nasdaq BX, Inc., Nasdaq GEMX, LLC, 
Nasdaq ISE, LLC, Nasdaq MRX, LLC, Nasdaq PHLX LLC, The NASDAQ Stock 
Market LLC, New York Stock Exchange LLC, NYSE American LLC, NYSE Arca, 
Inc., NYSE

[[Page 83176]]

Chicago, Inc. and NYSE National, Inc. (collectively, the 
``Participants'') filed with the Securities and Exchange Commission 
(``Commission'') pursuant to Section 11A(a)(3) of the Securities 
Exchange Act of 1934 (``Exchange Act''),\2\ and Rule 608 of Regulation 
NMS thereunder,\3\ a proposed amendment to the CAT NMS Plan to modify 
the current linkage timeline for the consolidated audit trail to a 
different linkage timeline.\4\ The proposed plan amendment (the 
``Proposed Amendment'') was published for comment in the Federal 
Register on August 24, 2023.\5\
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    \1\ The CAT NMS Plan is a national market system plan approved 
by the Commission pursuant to Section 11A of the Exchange Act and 
the rules and regulations thereunder. See Exchange Act Release No. 
79318 (Nov. 15, 2016), 81 FR 84696 (Nov. 23, 2016). Unless otherwise 
defined herein, capitalized terms used herein are defined as set 
forth in the CAT NMS Plan.
    \2\ 15 U.S.C. 78k-1(a)(3).
    \3\ 17 CFR 242.608.
    \4\ See Letter from Brandon Becker, CAT NMS Plan Operating 
Committee Chair, to Vanessa Countryman, Secretary, Commission (Aug. 
3, 2023).
    \5\ See Exchange Act Release No. 98165 (Aug. 18, 2023), 88 FR 
58012 (Aug. 24, 2023). Comments received in response to the Notice 
can be found on the Commission's website at https://www.sec.gov/comments/4-698/4-698-c.htm.
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    The Commission is publishing this notice to reflect that on 
November 9, 2023, prior to the end of the 90-day period provided for in 
Rule 608(b)(2)(i) of Regulation NMS,\6\ the Participants withdrew the 
Proposed Amendment.\7\
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    \6\ See 17 CFR 242.608(b)(2)(i).
    \7\ See Letter from Brandon Becker, CAT NMS Plan Operating 
Committee Chair, to Vanessa Countryman, Secretary, Commission (Nov. 
9, 2023).

    By the Commission.
J. Matthew DeLesDernier,
Deputy Secretary.
[FR Doc. 2023-26125 Filed 11-27-23; 8:45 am]
BILLING CODE 8011-01-P
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