Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Rule 7.37, 93377-93379 [2024-27612]
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Federal Register / Vol. 89, No. 228 / Tuesday, November 26, 2024 / Notices
approve or disapprove, or institute
proceedings to determine whether to
disapprove, the proposed rule change
(File No. SR–CboeBZX–2024–091).
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.6
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2024–27610 Filed 11–25–24; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Investment Company Act Release No.
35397; File No. 812–15536]
Willow Tree Capital Corporation, et al.
The Commission:
Secretarys-Office@sec.gov. Applicants:
Justin Lee, lee@ewillowtreelp.com, and
Anne G. Oberndorf, anneoberndorf@
eversheds-sutherland.com.
ADDRESSES:
November 21, 2024.
Securities and Exchange
Commission (‘‘Commission’’ or ‘‘SEC’’).
ACTION: Notice.
AGENCY:
lotter on DSK11XQN23PROD with NOTICES1
or personally or by mail, if a physical
address is listed for the relevant
Applicant below. Hearing requests
should be received by the Commission
by 5:30 p.m. on December 16, 2024 and
should be accompanied by proof of
service on the Applicants, in the form
of an affidavit or, for lawyers, a
certificate of service. Pursuant to rule 0–
5 under the Act, hearing requests should
state the nature of the writer’s interest,
any facts bearing upon the desirability
of a hearing on the matter, the reason for
the request, and the issues contested.
Persons who wish to be notified of a
hearing may request notification by
emailing the Commission’s Secretary at
Secretarys-Office@sec.gov.
Notice of application for an order
under sections 17(d) and 57(i) of the
Investment Company Act of 1940 (the
‘‘Act’’) and rule 17d–1 under the Act to
permit certain joint transactions
otherwise prohibited by sections 17(d)
and 57(a)(4) of the Act and rule 17d–1
under the Act.
Summary of Application: Applicants
request an order to permit certain
business development companies
(‘‘BDCs’’) and closed-end management
investment companies to co-invest in
portfolio companies with each other and
with certain affiliated investment
entities.
Applicants: Willow Tree Capital
Corporation, Willow Tree Capital Corp.
Advisors LLC, Willow Tree Credit
Partners LP, Willow Tree Fund I
(Offshore), LP, Willow Tree Fund I, LP,
Willow Tree Fund II (Offshore), LP,
Willow Tree Fund II, LP, Willow Tree
Credit Partners SBIC Management LP,
Willow Tree Credit Partners SBIC, LP,
Willow Tree CLO I LLC and Willow
Tree CLO II LLC.
Filing Dates: The application was
filed on December 21, 2023 and
amended on April 3, 2024, August 6,
2024, October 9, 2024, and November
15, 2024.
Hearing or Notification of Hearing: An
order granting the requested relief will
be issued unless the Commission orders
a hearing. Interested persons may
request a hearing on any application by
emailing the SEC’s Secretary at
Secretarys-Office@sec.gov and serving
the Applicants with a copy of the
request by email, if an email address is
listed for the relevant Applicant below,
FOR FURTHER INFORMATION CONTACT:
Barbara T. Heussler, Senior Counsel, or
Thomas Ahmadifar, Branch Chief, at
(202) 551–6825 (Division of Investment
Management, Chief Counsel’s Office).
For
Applicants’ representations, legal
analysis, and conditions, please refer to
Applicants’ fourth amended and
restated application, dated November
15, 2024, which may be obtained via the
Commission’s website by searching for
the file number at the top of this
document, or for an Applicant using the
Company name search field, on the
SEC’s EDGAR system. The SEC’s
EDGAR system may be searched at,
https://www.sec.gov/edgar/searchedgar/
legacy/companysearch.html. You may
also call the SEC’s Public Reference
Room at (202) 551–8090.
SUPPLEMENTARY INFORMATION:
For the Commission, by the Division of
Investment Management, under delegated
authority.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2024–27675 Filed 11–25–24; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–101665; File No. SR–NYSE–
2024–75]
Self-Regulatory Organizations; New
York Stock Exchange LLC; Notice of
Filing and Immediate Effectiveness of
Proposed Rule Change To Amend Rule
7.37
November 20, 2024.
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 November
7, 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 amend
Rule 7.37 to specify the Exchange’s
source of data feeds from Long-Term
Stock Exchange, Inc. (‘‘LTSE’’) for
purposes of order handling, order
execution, order routing, and regulatory
compliance. 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,
of the most significant parts of such
statements.
1 15
U.S.C. 78s(b)(1).
U.S.C. 78a.
3 17 CFR 240.19b–4.
2 15
6 17
CFR 200.30–3(a)(31).
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Federal Register / Vol. 89, No. 228 / Tuesday, November 26, 2024 / Notices
A. Self-Regulatory Organization’s
Statement of the Purpose of, and the
Statutory Basis for, the Proposed Rule
Change
lotter on DSK11XQN23PROD with NOTICES1
1. Purpose
The Exchange proposes to update and
amend the use of data feeds table in
Rule 7.37(e), which sets forth on a
market-by-market basis the specific
securities information processor (‘‘SIP’’)
and proprietary data feeds that the
Exchange utilizes for the handling,
execution, and routing of orders, and for
performing the regulatory compliance
checks related to each of those
functions. Specifically, the Exchange
proposes to amend the table in Rule
7.37(e) to specify that, with respect to
LTSE, the Exchange will receive a LTSE
direct feed as its primary source of data
for order handling, order execution,
order routing, and regulatory
compliance, and will use the SIP Data
Feed as its secondary source for data
from LTSE.
The Exchange proposes to make this
change operative in the fourth quarter of
2024, and, in any event, before the end
of the first quarter of 2025. The
Exchange proposes to announce the
implementation date of this change by
Trader Update.
2. Statutory Basis
The proposed rule change is
consistent with Section 6(b) of the Act,4
in general, and furthers the objectives of
Section 6(b)(5),5 in particular, because it
is designed to prevent fraudulent and
manipulative acts and practices, to
promote just and equitable principles of
trade, to foster cooperation and
coordination with persons engaged in
facilitating transactions in securities, to
remove impediments to, and perfect the
mechanism of, a free and open market
and a national market system and, in
general, to protect investors and the
public interest. Additionally, the
Exchange believes that the proposed
rule change is consistent with the
Section 6(b)(5) requirement that the
rules of an exchange not be designed to
permit unfair discrimination between
customers, issuers, brokers, or dealers.
The Exchange believes its proposal to
update the table in Rule 7.37(e) to
include the LTSE direct feed will ensure
that the Rule correctly identifies and
publicly states on a market-by-market
basis all of the specific SIP and
proprietary data feeds that the Exchange
utilizes for the handling, execution, and
routing of orders, and for performing the
regulatory compliance checks for each
4 15
5 15
U.S.C. 78f(b).
U.S.C. 78f(b)(5).
VerDate Sep<11>2014
18:03 Nov 25, 2024
of those functions. The proposed rule
change also removes impediments to
and perfects the mechanism of a free
and open market and protects investors
and the public interest by providing
additional specificity, clarity, and
transparency in the Exchange’s rules.
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 purposes of the Act. Rather, the
Exchange believes that the proposal will
enhance competition because providing
the public and market participants with
up-to-date information about the data
feeds the Exchange will use for the
handling, execution, and routing of
orders, as well as for regulatory
compliance would enhance
transparency and enable investors to
better assess the quality of the
Exchange’s execution and routing
services. The Exchange also believes the
proposal would enhance competition
because it would potentially enhance
the performance of its order handling
and execution of orders in equity
securities by receiving market data
directly from LTSE. Finally, the
proposed rule change would not impact
competition between market
participants because it will affect all
market participants equally.
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
The Exchange has filed the proposed
rule change pursuant to Section
19(b)(3)(A)(iii) of the Act 6 and Rule
19b–4(f)(6) thereunder.7 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, if
consistent with the protection of
investors and the public interest, the
proposed rule change has become
effective pursuant to Section 19(b)(3)(A)
6 15
7 17
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U.S.C. 78s(b)(3)(A)(iii).
CFR 240.19b–4(f)(6).
Frm 00106
Fmt 4703
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of the Act 8 and Rule 19b–4(f)(6)(iii)
thereunder.9
At any time within 60 days of the
filing of such 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. If the
Commission takes such action, the
Commission shall institute proceedings
under Section 19(b)(2)(B) 10 of the Act to
determine whether the proposed rule
change should be approved or
disapproved.
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 rule-comments@
sec.gov. Please include file number SR–
NYSE–2024–75 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–2024–75. 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
8 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 15 U.S.C. 78s(b)(2)(B).
9 17
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Federal Register / Vol. 89, No. 228 / Tuesday, November 26, 2024 / Notices
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–2024–75 and should be
submitted on or before December 17,
2024.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.11
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2024–27612 Filed 11–25–24; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–101670; File No. SR–NYSE–
2024–76]
Self-Regulatory Organizations; New
York Stock Exchange LLC; Notice of
Filing and Immediate Effectiveness of
Proposed Rule Change To Amend
Rules 3170, 9120, 9522, 9523, and 9524
November 20, 2024.
lotter on DSK11XQN23PROD with NOTICES1
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 November
12, 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, II, and III below, which Items
have been prepared by the selfregulatory 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
certain rules to replace ‘‘Department of
11 17
CFR 200.30–3(a)(12), (59).
U.S.C. 78s(b)(1).
2 15 U.S.C. 78a.
3 17 CFR 240.19b–4.
Member Regulation’’ and ‘‘Member
Regulation’’ with ‘‘Exchange’’ and make
related changes. 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,
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
The Exchange proposes to amend
certain rules to replace ‘‘Department of
Member Regulation’’ and ‘‘Member
Regulation’’ with ‘‘Exchange’’ and make
related changes. Specifically, the
Exchange would amend Rule 3170
(Tape Recording of Registered Persons
by Certain Firms) and the following
rules from the Rule 9000 Series (Code of
Procedure): Rule 9120 (Definitions);
Rule 9522 (Initiation of Eligibility
Proceeding; Member Regulation
Consideration); Rule 9523 (Acceptance
of Member Regulation
Recommendations and Supervisory
Plans by Consent Pursuant to SEA Rule
19h-1); and Rule 9524 (Exchange Board
of Directors Consideration).
Background
Rule 3170 governs the tape recording
of registered persons by certain firms
and requires certain notifications to be
made to the Exchange’s Department of
Member Regulation.
Rule 9120(j) defines ‘‘Department of
Member Regulation’’ to mean the
Department of Member Regulation of
the Financial Industry Regulatory
Authority (‘‘FINRA’’) for purposes of the
Exchange’s disciplinary rules set forth
in the Rule 8000 and Rule 9000 Series.
The Rule 9520 Series governs
eligibility proceedings for persons
subject to statutory disqualifications.4
1 15
VerDate Sep<11>2014
18:03 Nov 25, 2024
4 The Exchange’s 2013 filing adopting the FINRA
disciplinary rules represented that the proposed
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93379
Rule 9522 governs the initiation of an
eligibility proceeding by the Exchange
and the member organization’s
obligation to file an application to
initiate an eligibility proceeding if it has
been subject to certain disqualifications.
Further, the rule provides that Member
Regulation could approve a written
request for relief from the eligibility
requirements under certain
circumstances.
Rule 9523 allows Member Regulation
to recommend a supervisory plan to
which the disqualified member
organization, sponsoring member
organization, and/or disqualified
person, as the case may be, may consent
and by doing so, waive the right to
hearing or appeal if the plan is accepted
and the right to claim bias or
prejudgment, or prohibited ex parte
communications.
Rule 9524 governs requests for review
by the Exchange Board of Directors of a
decision to reject a supervisory plan
under Rule 9523.
Finally, Rule 0 provides, among other
things, that Exchange Rules that refer to
Exchange staff or Exchange departments
should be understood as also referring
to FINRA staff and FINRA departments
acting on behalf of the Exchange
pursuant to the Regulatory Services
Agreement (‘‘RSA’’) in existence
between the Exchange and FINRA, as
applicable.
Proposed Rule Change
The Exchange proposes to replace all
references to ‘‘Department of Member
Regulation’’ and ‘‘Member Regulation’’
in Rules 3170, 9522, 9523 and 9524
with ‘‘Exchange’’ or ‘‘the Exchange.’’
Consistent with Rule 0, references to the
Exchange encompass FINRA staff and
departments acting on the Exchange’s
behalf pursuant to the RSA. The
proposed change would simplify the
Exchange’s rules by eliminating specific
references that could change over time,
thereby eliminating the need for
additional rule changes in the future.5
Rule 9520 Series would govern eligibility
proceedings for persons subject to statutory
disqualifications that are not FINRA members. See
Securities Exchange Act Release Nos. 68678
(January 16, 2013), 78 FR 5213, 5230 (January 24,
2013) (SR–NYSE–2013–02) (Notice); 69045 (March
5, 2013), 78 FR 15394, 15399 (March 11, 2013) (SR–
NYSE–2013–02) (Order). At the time, there were
several member organizations that were not FINRA
members. Today, only a single member organization
is also not a FINRA member. All FINRA members
are subject to the FINRA Rule 9520 Series, which
is substantively the same as the Exchange’s version.
Hence, as a practical matter, all member
organizations would be subject to the same Rule
9520 standards.
5 See, e.g., Securities Exchange Act Release No.
98874 (November 7, 2023), 88 FR 78071 (November
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]]>Agencies
[Federal Register Volume 89, Number 228 (Tuesday, November 26, 2024)]
[Notices]
[Pages 93377-93379]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-27612]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-101665; File No. SR-NYSE-2024-75]
Self-Regulatory Organizations; New York Stock Exchange LLC;
Notice of Filing and Immediate Effectiveness of Proposed Rule Change To
Amend Rule 7.37
November 20, 2024.
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 November 7, 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 amend Rule 7.37 to specify the Exchange's
source of data feeds from Long-Term Stock Exchange, Inc. (``LTSE'') for
purposes of order handling, order execution, order routing, and
regulatory compliance. 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, of the most
significant parts of such statements.
[[Page 93378]]
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 update and amend the use of data feeds
table in Rule 7.37(e), which sets forth on a market-by-market basis the
specific securities information processor (``SIP'') and proprietary
data feeds that the Exchange utilizes for the handling, execution, and
routing of orders, and for performing the regulatory compliance checks
related to each of those functions. Specifically, the Exchange proposes
to amend the table in Rule 7.37(e) to specify that, with respect to
LTSE, the Exchange will receive a LTSE direct feed as its primary
source of data for order handling, order execution, order routing, and
regulatory compliance, and will use the SIP Data Feed as its secondary
source for data from LTSE.
The Exchange proposes to make this change operative in the fourth
quarter of 2024, and, in any event, before the end of the first quarter
of 2025. The Exchange proposes to announce the implementation date of
this change by Trader Update.
2. Statutory Basis
The proposed rule change is consistent with Section 6(b) of the
Act,\4\ in general, and furthers the objectives of Section 6(b)(5),\5\
in particular, because it is designed to prevent fraudulent and
manipulative acts and practices, to promote just and equitable
principles of trade, to foster cooperation and coordination with
persons engaged in facilitating transactions in securities, to remove
impediments to, and perfect the mechanism of, a free and open market
and a national market system and, in general, to protect investors and
the public interest. Additionally, the Exchange believes that the
proposed rule change is consistent with the Section 6(b)(5) requirement
that the rules of an exchange not be designed to permit unfair
discrimination between customers, issuers, brokers, or dealers.
---------------------------------------------------------------------------
\4\ 15 U.S.C. 78f(b).
\5\ 15 U.S.C. 78f(b)(5).
---------------------------------------------------------------------------
The Exchange believes its proposal to update the table in Rule
7.37(e) to include the LTSE direct feed will ensure that the Rule
correctly identifies and publicly states on a market-by-market basis
all of the specific SIP and proprietary data feeds that the Exchange
utilizes for the handling, execution, and routing of orders, and for
performing the regulatory compliance checks for each of those
functions. The proposed rule change also removes impediments to and
perfects the mechanism of a free and open market and protects investors
and the public interest by providing additional specificity, clarity,
and transparency in the Exchange's rules.
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 purposes of the Act. Rather, the Exchange
believes that the proposal will enhance competition because providing
the public and market participants with up-to-date information about
the data feeds the Exchange will use for the handling, execution, and
routing of orders, as well as for regulatory compliance would enhance
transparency and enable investors to better assess the quality of the
Exchange's execution and routing services. The Exchange also believes
the proposal would enhance competition because it would potentially
enhance the performance of its order handling and execution of orders
in equity securities by receiving market data directly from LTSE.
Finally, the proposed rule change would not impact competition between
market participants because it will affect all market participants
equally.
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
The Exchange has filed the proposed rule change pursuant to Section
19(b)(3)(A)(iii) of the Act \6\ and Rule 19b-4(f)(6) thereunder.\7\
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, if consistent with the protection of
investors and the public interest, the proposed rule change has become
effective pursuant to Section 19(b)(3)(A) of the Act \8\ and Rule 19b-
4(f)(6)(iii) thereunder.\9\
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\6\ 15 U.S.C. 78s(b)(3)(A)(iii).
\7\ 17 CFR 240.19b-4(f)(6).
\8\ 15 U.S.C. 78s(b)(3)(A).
\9\ 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.
---------------------------------------------------------------------------
At any time within 60 days of the filing of such 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. If the Commission
takes such action, the Commission shall institute proceedings under
Section 19(b)(2)(B) \10\ of the Act to determine whether the proposed
rule change should be approved or disapproved.
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\10\ 15 U.S.C. 78s(b)(2)(B).
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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-2024-75 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-2024-75. 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
[[Page 93379]]
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-2024-75 and should be submitted on or before December 17, 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), (59).
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Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2024-27612 Filed 11-25-24; 8:45 am]
BILLING CODE 8011-01-P
