Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Describe an Enhancement to How NYSE Would Make Certain Information It Receives From Its Listed Companies Publicly Available, 89061-89063 [2024-26098]
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khammond on DSKJM1Z7X2PROD with NOTICES
Federal Register / Vol. 89, No. 218 / Tuesday, November 12, 2024 / Notices
Elsie Lee-Robbins; Comments Due:
November 14, 2024.
12. Docket No(s).: MC2025–288 and
K2025–286; Filing Title: USPS Request
to Add Priority Mail Express
International, Priority Mail International
& First-Class Package International
Service Contract 50 to the Competitive
Product List and Notice of Filing
Materials Under Seal; Filing Acceptance
Date: November 5, 2024; Filing
Authority: 39 U.S.C. 3642, 39 CFR
3035.105, and 39 CFR 3041.310; Public
Representative: Katalin Clendenin;
Comments Due: November 14, 2024.
13. Docket No(s).: MC2025–289 and
K2025–287; Filing Title: USPS Request
to Add Priority Mail & USPS Ground
Advantage Contract 433 to the
Competitive Product List and Notice of
Filing Materials Under Seal; Filing
Acceptance Date: November 5, 2024;
Filing Authority: 39 U.S.C. 3642, 39 CFR
3035.105, and 39 CFR 3041.310; Public
Representative: Christopher Mohr;
Comments Due: November 14, 2024.
14. Docket No(s).: MC2025–290 and
K2025–288; Filing Title: USPS Request
to Add Priority Mail Express, Priority
Mail & USPS Ground Advantage
Contract 639 to the Competitive Product
List and Notice of Filing Materials
Under Seal; Filing Acceptance Date:
November 5, 2024; Filing Authority: 39
U.S.C. 3642, 39 CFR 3035.105, and 39
CFR 3041.310; Public Representative:
Almaroof Agoro; Comments Due:
November 14, 2024.
15. Docket No(s).: MC2025–291 and
K2025–289; Filing Title: USPS Request
to Add Priority Mail Express, Priority
Mail & USPS Ground Advantage
Contract 640 to the Competitive Product
List and Notice of Filing Materials
Under Seal; Filing Acceptance Date:
November 5, 2024; Filing Authority: 39
U.S.C. 3642, 39 CFR 3035.105, and 39
CFR 3041.310; Public Representative:
Almaroof Agoro; Comments Due:
November 14, 2024.
16. Docket No(s).: MC2025–292 and
K2025–290; Filing Title: USPS Request
to Add Priority Mail Express, Priority
Mail & USPS Ground Advantage
Contract 641 to the Competitive Product
List and Notice of Filing Materials
Under Seal; Filing Acceptance Date:
November 5, 2024; Filing Authority: 39
U.S.C. 3642, 39 CFR 3035.105, and 39
CFR 3041.310; Public Representative:
Elsie Lee-Robbins; Comments Due:
November 14, 2024.
III. Summary Proceeding(s)
None. See Section II for public
proceedings.
This Notice will be published in the
Federal Register.
VerDate Sep<11>2014
16:35 Nov 08, 2024
Jkt 265001
Media Inquiries: Gail Adams,
gail.adams@prc.gov.
Erica A. Barker,
Secretary.
89061
Dated: November 7, 2024.
Vanessa A. Countryman,
Secretary.
[FR Doc. 2024–26215 Filed 11–7–24; 11:15 am]
BILLING CODE 8011–01–P
[FR Doc. 2024–26132 Filed 11–8–24; 8:45 am]
BILLING CODE P
SECURITIES AND EXCHANGE
COMMISSION
SECURITIES AND EXCHANGE
COMMISSION
Sunshine Act Meetings
2:00 p.m. on Thursday,
November 14, 2024.
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 her designee, has
certified that, in her 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:
Institution and settlement of
injunctive actions;
Institution and settlement of
administrative proceedings;
Resolution of litigation claims; 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.
Authority: 5 U.S.C. 552b.
TIME AND DATE:
PO 00000
Frm 00112
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[Release No. 34–101516; File No. SR–NYSE–
2024–68]
Self-Regulatory Organizations; New
York Stock Exchange LLC; Notice of
Filing and Immediate Effectiveness of
Proposed Rule Change To Describe an
Enhancement to How NYSE Would
Make Certain Information It Receives
From Its Listed Companies Publicly
Available
November 5, 2024.
Pursuant to Section 19(b)(1) 1 of the
Securities Exchange Act of 1934
(‘‘Act’’) 2 and Rule 19b–4 thereunder,3
notice is hereby given that on October
28, 2024, New York Stock Exchange
LLC (‘‘NYSE’’ or the ‘‘Exchange’’) 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 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 describe
how it intends to make certain
information the Exchange receives from
its listed companies publicly available.
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.
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
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,
1 15
U.S.C. 78s(b)(1).
U.S.C. 78a.
3 17 CFR 240.19b–4.
2 15
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89062
Federal Register / Vol. 89, No. 218 / Tuesday, November 12, 2024 / Notices
of the most significant parts of such
statements.
A. Self-Regulatory Organization’s
Statement of the Purpose of, and the
Statutory Basis for, the Proposed Rule
Change
khammond on DSKJM1Z7X2PROD with NOTICES
1. Purpose
Pursuant to the Exchange’s role as a
listing venue, NYSE receives certain
information from listed companies. This
information may include action items
such as stock splits, new listings, spinoffs, suspensions and delistings, name
or trading symbol changes, and
information about mergers and
acquisitions, among other data. NYSE
currently publishes this information on
its website and makes it publicly
available to investors and market
participants.4 NYSE also receives from
listed companies certain information
related to dividends which NYSE also
currently publishes on its website and
makes publicly available to investors
and market participants.5 Both data sets
are currently published on the NYSE’s
website prior to, or at approximately the
same time as, that information is sent to
NYSE market data systems, which
ultimately sends the information to the
NYSE’s market data subscribers
throughout the trading day.6
The purpose of this proposed rule
change is to describe an enhancement to
how NYSE would publicly disseminate
information received by the Exchange in
its role as a listing venue. More
specifically, in addition to the two
places the NYSE currently publishes the
information described above, NYSE
proposes to contemporaneously publish
a file that contains information received
by the Exchange in its role as a listing
venue and any new information it may
receive in the future in its role as a
listing venue in another format on a
separate portion of its website.7 The
proposed new file would be available to
all market participants and would serve
as the sole source of this information for
NYSE market data systems. The
proposed change would ensure that
NYSE market data systems would only
be able to access information NYSE
receives in its role as a listing venue
through publicly-available sources at
the same time as, or later than, other
market participants. The information
described above will be made available
4 See
https://www.nyse.com/corporate-actions.
https://www.nyse.com/ex-date-dividends.
6 Market data subscribers receive corporate action
and dividend information in several reports made
available by New York Stock Exchange, LLC. See
https://www.nyse.com/market-data/corporateactions/corporate-actions-for-nyse-group-listings.
7 The proposed file would be posted on the NYSE
website at www.ftp.nyse.com.
5 See
VerDate Sep<11>2014
16:35 Nov 08, 2024
Jkt 265001
on the Exchange’s public website for
free to any party, for any purpose
(including redistribution).
Because of the technology changes
associated with this proposed rule
change, the Exchange will announce the
implementation date by Trader Update,
which, subject to effectiveness of this
proposed rule change, will be no later
than in the fourth quarter of 2024.
2. Statutory Basis
The basis under the Act for this
proposed rule change is the requirement
under Section 6(b)(5) 8 that an exchange
have rules that are designed to prevent
fraudulent and manipulative acts and
practices, to promote just and equitable
principles of trade, to remove
impediments to, and perfect the
mechanism of a free and open market
and, in general, to protect investors and
the public interest.
NYSE believes that the proposed rule
change is designed to prevent
fraudulent and manipulative acts and
practices, and is designed to promote
just and equitable principles of trade
and to protect investors and the public
interest. The information provided by
NYSE on its public website is
disseminated by NYSE in its capacity as
a provider of financial data for the
benefit of investors and market
participants, not in its capacity as an
exchange. With this proposal, NYSE
market data systems would not have
unique access to any information,
including information provided to the
Exchange in its role as a listing venue
and any new information the Exchange
may receive in the future in its role as
a listing venue, and therefore NYSE
would not have any competitive
advantage relative to any market
participant with respect to the gathering
and dissemination of such information.
The information described above will be
made available on the Exchange’s public
website for free to any party, for any
purpose (including redistribution).
Consequently, the publication of
information the Exchange receives from
listed companies in its role as a listing
venue, together with the information
published by listed companies that is
generally available in the public
domain, including on the Commission’s
website and other sources, would enable
any market participant to
contemporaneously assemble its own
set of market data products containing
the same information.
8 15
PO 00000
U.S.C. 78f(b)(5).
Frm 00113
Fmt 4703
Sfmt 4703
B. Self-Regulatory Organization’s
Statement on Burden on Competition
The Exchange does not believe that
the proposed rule change will impose
any burden on competition that is not
necessary or appropriate in furtherance
of the purpose of the Act. NYSE believes
the proposal will benefit investors and
the marketplace because information the
Exchange receives from listed
companies in its role as a listing venue
that NYSE provides to its subscribers,
would be exclusively sourced from
publicly available files. Because the
information would be made publicly
available on its website, and the NYSE
market data systems would be a
consumer of these publicly available
files, NYSE would have no material
advantage in the gathering and
processing of the information relative to
any other market participant that
chooses to gather and process the same
information.
C. Self-Regulatory Organization’s
Statement on Comments on the
Proposed Rule Change Received From
Members, Participants, or Others
No written comments were solicited
or received with respect to the proposed
rule change.
III. Date of Effectiveness of the
Proposed Rule Change and Timing for
Commission Action
Because the proposed rule change
does not: (i) significantly affect the
protection of investors or the public
interest; (ii) impose any significant
burden on competition; and (iii) become
operative prior to 30 days from the date
on which it was filed, or such shorter
time as the Commission may designate,
the proposed rule change has become
effective pursuant to Section 19(b)(3)(A)
of the Act 9 and Rule 19b–4(f)(6)
thereunder.10
At any time within 60 days of the
filing of the proposed rule change, the
Commission summarily may
temporarily suspend such rule change if
it appears to the Commission that such
action is necessary or appropriate in the
public interest, for the protection of
investors, or otherwise in furtherance of
the purposes of the Act.
9 15
U.S.C. 78s(b)(3)(A).
CFR 240.19b–4(f)(6). In addition, Rule 19b–
4(f)(6) requires a self-regulatory organization to give
the Commission written notice of its intent to file
the proposed rule change, along with a brief
description and text of the proposed rule change,
at least five business days prior to the date of filing
of the proposed rule change, or such shorter time
as designated by the Commission. The Exchange
has satisfied this requirement.
10 17
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Federal Register / Vol. 89, No. 218 / Tuesday, November 12, 2024 / Notices
IV. Solicitation of Comments
Interested persons are invited to
submit written data, views and
arguments concerning the foregoing,
including whether the proposed rule
change is consistent with the Act.
Comments may be submitted by any of
the following methods:
• 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–
NYSE–2024–68 on the subject line.
Paper Comments
khammond on DSKJM1Z7X2PROD with NOTICES
• 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–NYSE–2024–68. 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 that are filed with the
Commission, and all written
communications relating to the
proposed rule change 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
a.m. and 3 p.m. Copies of the filing also
will be available for inspection and
copying at the principal office of the
Exchange. Do not include personal
identifiable information in submissions;
you should submit only information
that you wish to make available
publicly. We may redact in part or
withhold entirely from publication
submitted material that is obscene or
subject to copyright protection. All
submissions should refer to file number
SR–NYSE–2024–68 and should be
submitted on or before December 3,
2024.
16:35 Nov 08, 2024
[FR Doc. 2024–26098 Filed 11–8–24; 8:45 am]
BILLING CODE P
SECURITIES AND EXCHANGE
COMMISSION
Electronic Comments
VerDate Sep<11>2014
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.11
Vanessa A. Countryman,
Secretary.
Jkt 265001
[Release No. 34–101518; File No. SR–
CboeBZX–2024–108]
Self-Regulatory Organizations; Cboe
BZX Exchange, Inc.; Notice of Filing
and Immediate Effectiveness of a
Proposed Rule Change To Amend Its
Fees Schedule Related to Physical
Port Fees
November 5, 2024.
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 October
28, 2024, Cboe BZX Exchange, Inc. (the
‘‘Exchange’’ or ‘‘BZX’’) 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 proposed rule
change from interested persons.
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
Cboe BZX Exchange, Inc. (the
‘‘Exchange’’ or ‘‘BZX Equities’’)
proposes to amend its Fees 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/BZX/),
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
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
11 17
CFR 200.30–3(a)(12).
U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
1 15
PO 00000
Frm 00114
Fmt 4703
Sfmt 4703
89063
Exchange 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 relating to physical
connectivity fees.3
By way of background, a physical port
is utilized by a Member or non-Member
to connect to the Exchange at the data
centers where the Exchange’s servers are
located. The Exchange currently
assesses the following physical
connectivity fees for Members and nonMembers on a monthly basis: $2,500 per
physical port for a 1 gigabit (‘‘Gb’’)
circuit and $7,500 per physical port for
a 10 Gb circuit. The Exchange proposes
to increase the monthly fee for 10 Gb
physical ports from $7,500 to $8,500 per
port. The Exchange notes the proposed
fee change better enables it to continue
to maintain and improve its market
technology and services and also notes
that the proposed fee amount, even as
amended, continues to be in line with,
or even lower than, amounts assessed by
other exchanges for similar
connections.4 The Exchange also notes
3 The Exchange initially filed the proposed fee
changes on July 3, 2023 (SR–CboeBZX–2023–046).
On September 1, 2023, the Exchange withdrew that
filing and submitted SR–CboeBZX–2023–067. On
September 29, 2023, the Securities and Exchange
Commission issued a Suspension of and Order
Instituting Proceedings to Determine whether to
Approve or Disapprove a Proposed Rule Change to
Amend its Fees Schedule Related to Physical Port
Fees (the ‘‘OIP’’) in anticipation of a possible U.S.
government shutdown. On October 2, 2023, the
Exchange filed the proposed fee change (SR–
CboeBZX–2023–080). On October 13, 2023, the
Exchange withdrew that filing and on business date
October 16, 2023 submitted SR–CboeBZX–2023–
084. On December 12, 2023, the Exchange withdrew
that filing and submitted SR–CboeBZX–2023–103.
On February 9, 2024, the Exchange withdrew that
filing and submitted SR–CboeBZX–2024–016. On
April 9, 2024, the Exchange withdrew that filing
and submitted SR–CboeBZX–2024–027. On June 7,
2024, the Exchange withdrew that filing and
submitted SR–CboeBZX–2024–051. On August 29,
2024, the Exchange withdrew that filing and
submitted SR–CboeBZX–2024–079. On October 25,
2024, the Exchange withdrew that filing and
submitted SR–CboeBZX–2024–106. On October 28,
2024, the Exchange withdrew that filing and
submitted this filing.
4 See e.g., The Nasdaq Stock Market LLC
(‘‘Nasdaq’’), General 8, Connectivity to the
Exchange. Nasdaq and its affiliated exchanges
charge a monthly fee of $15,000 for each 10Gb Ultra
fiber connection to the respective exchange, which
is analogous to the Exchange’s 10Gb physical port.
See also New York Stock Exchange LLC, NYSE
American LLC, NYSE Arca, Inc., NYSE Chicago
Inc., NYSE National, Inc. Connectivity Fee
Schedule, which provides that 10 Gb LX LCN
Continued
E:\FR\FM\12NON1.SGM
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]]>Agencies
[Federal Register Volume 89, Number 218 (Tuesday, November 12, 2024)]
[Notices]
[Pages 89061-89063]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-26098]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-101516; File No. SR-NYSE-2024-68]
Self-Regulatory Organizations; New York Stock Exchange LLC;
Notice of Filing and Immediate Effectiveness of Proposed Rule Change To
Describe an Enhancement to How NYSE Would Make Certain Information It
Receives From Its Listed Companies Publicly Available
November 5, 2024.
Pursuant to Section 19(b)(1) \1\ of the Securities Exchange Act of
1934 (``Act'') \2\ and Rule 19b-4 thereunder,\3\ notice is hereby given
that on October 28, 2024, New York Stock Exchange LLC (``NYSE'' or the
``Exchange'') 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 self-regulatory
organization. The Commission is publishing this notice to solicit
comments on the proposed rule change from interested persons.
---------------------------------------------------------------------------
\1\ 15 U.S.C. 78s(b)(1).
\2\ 15 U.S.C. 78a.
\3\ 17 CFR 240.19b-4.
---------------------------------------------------------------------------
I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change
The Exchange proposes to describe how it intends to make certain
information the Exchange receives from its listed companies publicly
available. 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.
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 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,
[[Page 89062]]
of the most significant parts of such statements.
A. Self-Regulatory Organization's Statement of the Purpose of, and the
Statutory Basis for, the Proposed Rule Change
1. Purpose
Pursuant to the Exchange's role as a listing venue, NYSE receives
certain information from listed companies. This information may include
action items such as stock splits, new listings, spin-offs, suspensions
and delistings, name or trading symbol changes, and information about
mergers and acquisitions, among other data. NYSE currently publishes
this information on its website and makes it publicly available to
investors and market participants.\4\ NYSE also receives from listed
companies certain information related to dividends which NYSE also
currently publishes on its website and makes publicly available to
investors and market participants.\5\ Both data sets are currently
published on the NYSE's website prior to, or at approximately the same
time as, that information is sent to NYSE market data systems, which
ultimately sends the information to the NYSE's market data subscribers
throughout the trading day.\6\
---------------------------------------------------------------------------
\4\ See https://www.nyse.com/corporate-actions.
\5\ See https://www.nyse.com/ex-date-dividends.
\6\ Market data subscribers receive corporate action and
dividend information in several reports made available by New York
Stock Exchange, LLC. See https://www.nyse.com/market-data/corporate-actions/corporate-actions-for-nyse-group-listings.
---------------------------------------------------------------------------
The purpose of this proposed rule change is to describe an
enhancement to how NYSE would publicly disseminate information received
by the Exchange in its role as a listing venue. More specifically, in
addition to the two places the NYSE currently publishes the information
described above, NYSE proposes to contemporaneously publish a file that
contains information received by the Exchange in its role as a listing
venue and any new information it may receive in the future in its role
as a listing venue in another format on a separate portion of its
website.\7\ The proposed new file would be available to all market
participants and would serve as the sole source of this information for
NYSE market data systems. The proposed change would ensure that NYSE
market data systems would only be able to access information NYSE
receives in its role as a listing venue through publicly-available
sources at the same time as, or later than, other market participants.
The information described above will be made available on the
Exchange's public website for free to any party, for any purpose
(including redistribution).
---------------------------------------------------------------------------
\7\ The proposed file would be posted on the NYSE website at
www.ftp.nyse.com.
---------------------------------------------------------------------------
Because of the technology changes associated with this proposed
rule change, the Exchange will announce the implementation date by
Trader Update, which, subject to effectiveness of this proposed rule
change, will be no later than in the fourth quarter of 2024.
2. Statutory Basis
The basis under the Act for this proposed rule change is the
requirement under Section 6(b)(5) \8\ that an exchange have rules that
are designed to prevent fraudulent and manipulative acts and practices,
to promote just and equitable principles of trade, to remove
impediments to, and perfect the mechanism of a free and open market
and, in general, to protect investors and the public interest.
---------------------------------------------------------------------------
\8\ 15 U.S.C. 78f(b)(5).
---------------------------------------------------------------------------
NYSE believes that the proposed rule change is designed to prevent
fraudulent and manipulative acts and practices, and is designed to
promote just and equitable principles of trade and to protect investors
and the public interest. The information provided by NYSE on its public
website is disseminated by NYSE in its capacity as a provider of
financial data for the benefit of investors and market participants,
not in its capacity as an exchange. With this proposal, NYSE market
data systems would not have unique access to any information, including
information provided to the Exchange in its role as a listing venue and
any new information the Exchange may receive in the future in its role
as a listing venue, and therefore NYSE would not have any competitive
advantage relative to any market participant with respect to the
gathering and dissemination of such information. The information
described above will be made available on the Exchange's public website
for free to any party, for any purpose (including redistribution).
Consequently, the publication of information the Exchange receives from
listed companies in its role as a listing venue, together with the
information published by listed companies that is generally available
in the public domain, including on the Commission's website and other
sources, would enable any market participant to contemporaneously
assemble its own set of market data products containing the same
information.
B. Self-Regulatory Organization's Statement on Burden on Competition
The Exchange does not believe that the proposed rule change will
impose any burden on competition that is not necessary or appropriate
in furtherance of the purpose of the Act. NYSE believes the proposal
will benefit investors and the marketplace because information the
Exchange receives from listed companies in its role as a listing venue
that NYSE provides to its subscribers, would be exclusively sourced
from publicly available files. Because the information would be made
publicly available on its website, and the NYSE market data systems
would be a consumer of these publicly available files, NYSE would have
no material advantage in the gathering and processing of the
information relative to any other market participant that chooses to
gather and process the same information.
C. Self-Regulatory Organization's Statement on Comments on the Proposed
Rule Change Received From Members, Participants, or Others
No written comments were solicited or received with respect to the
proposed rule change.
III. Date of Effectiveness of the Proposed Rule Change and Timing for
Commission Action
Because the proposed rule change does not: (i) significantly affect
the protection of investors or the public interest; (ii) impose any
significant burden on competition; and (iii) become operative prior to
30 days from the date on which it was filed, or such shorter time as
the Commission may designate, the proposed rule change has become
effective pursuant to Section 19(b)(3)(A) of the Act \9\ and Rule 19b-
4(f)(6) thereunder.\10\
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\9\ 15 U.S.C. 78s(b)(3)(A).
\10\ 17 CFR 240.19b-4(f)(6). In addition, Rule 19b-4(f)(6)
requires a self-regulatory organization to give the Commission
written notice of its intent to file the proposed rule change, along
with a brief description and text of the proposed rule change, at
least five business days prior to the date of filing of the proposed
rule change, or such shorter time as designated by the Commission.
The Exchange has satisfied this requirement.
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At any time within 60 days of the filing of the proposed rule
change, the Commission summarily may temporarily suspend such rule
change if it appears to the Commission that such action is necessary or
appropriate in the public interest, for the protection of investors, or
otherwise in furtherance of the purposes of the Act.
[[Page 89063]]
IV. Solicitation of Comments
Interested persons are invited to submit written data, views and
arguments concerning the foregoing, including whether the proposed rule
change is consistent with the Act. 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-NYSE-2024-68 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-NYSE-2024-68. 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 that are
filed with the Commission, and all written communications relating to
the proposed rule change 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
a.m. and 3 p.m. Copies of the filing also will be available for
inspection and copying at the principal office of the Exchange. Do not
include personal identifiable information in submissions; you should
submit only information that you wish to make available publicly. We
may redact in part or withhold entirely from publication submitted
material that is obscene or subject to copyright protection. All
submissions should refer to file number SR-NYSE-2024-68 and should be
submitted on or before December 3, 2024.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\11\
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\11\ 17 CFR 200.30-3(a)(12).
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Vanessa A. Countryman,
Secretary.
[FR Doc. 2024-26098 Filed 11-8-24; 8:45 am]
BILLING CODE P
