[Federal Register Volume 83, Number 224 (Tuesday, November 20, 2018)]
[Notices]
[Pages 58628-58630]
[FR Doc No: 2018-25238]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-84586; File No. SR-NYSEArca-2018-79]

Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing
and Immediate Effectiveness of Proposed Rule Change To Delete Exchange
Rules That Reference Pillar Phase I Protocols

November 14, 2018.
    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 5, 2018, NYSE Arca, Inc. (``Exchange'' or ``NYSE
Arca'') filed with the Securities and Exchange Commission
(``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.
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 15 U.S.C. 78a.
    \3\ 17 CFR 240.19b-4.
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I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change

    The Exchange proposes to delete Exchange rules that reference
Pillar phase I protocols now that Pillar phase I protocols are no
longer available for ETP Holders to communicate with the NYSE Arca
Marketplace. 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 purpose of this proposed rule change is to delete obsolete
rules from the Exchange's rulebook.
    As a general matter, ETP Holders enter orders and order
instructions by using communication protocols that map to the order
types and modifiers described in Exchange rules. Prior to the
implementation of Pillar, ETP Holders communicated with the NYSE Arca
Marketplace using Pillar phase I protocols. When the Exchange
introduced trading on its Pillar trading platform, the Exchange also
introduced new technology to support how ETP Holders communicate with
the NYSE Arca Marketplace, referred to in the Exchange's rules as
Pillar phase II protocols. During the Pillar implementation, there was
a period of time when both Pillar phase I protocols and Pillar phase II
protocols were available to ETP Holders. Effective October 1, 2018,
Pillar phase I protocols are no longer available to ETP Holders. All
ETP Holders now use Pillar phase II protocols to communicate with the
NYSE Arca Marketplace. As a result, there is no longer a need to
provide a distinction between Pillar phase I protocols and Pillar phase
II protocols in the Exchange's rules.
    Now that Pillar phase I protocols are no longer available, the
Exchange proposes to delete references to Pillar phase I protocols from
the Exchange's rulebook. Specifically, the Exchange proposes to delete
the preamble to Rule 7.11-E (Limit Up-Limit Down Plan and Trading
Pauses in Individual Securities Due to Extraordinary Market
Volatility), which states: ``Rules 7.11-E(a)(5) and (a)(6) govern order
processing when ETP Holders communicate with the NYSE Arca Marketplace
using Pillar phase I protocols. Rule 7.11-E(a)(5P) governs order
processing when ETP Holders communicate with the NYSE Arca Marketplace
using Pillar phase II protocols. The Exchange will file a separate
proposed rule change to delete Rules 7.11-E(a)(5) and (a)(6) when the
Pillar phase I protocols are no longer available.''
    The Exchange also proposes to delete Rules 7.11-E(a)(5) and (a)(6)
from the rulebook since Pillar phase I protocols are no longer
available on the Exchange. The preamble also states that Rule 7.11-
E(a)(5P) would govern order processing when ETP Holders communicate
with the NYSE Arca Marketplace using Pillar phase II protocols. Now
that ETP Holders communicate with the NYSE Arca Marketplace using
Pillar phase II protocols, for purposes of Rule 7.11-E, order
processing would be governed by Rule 7.11-E(a)(5P). With the proposed
deletion of current text in Rules 7.11-E(a)(5) and (a)(6), the Exchange
proposes to renumber current Rule 7.11-E(a)(5P) as 7.11-E(a)(5) and
renumber current Rule 7.11-E(a)(7)-(9) as Rule 7.11-E(a)(6)-(8) with no
changes to the rule text.
    Additionally, the Exchange proposes to amend Rule 7.31-E (Orders
and Modifiers). Specifically, Rule 7.31-E(c)(5) currently provides that
an Imbalance Offset Order (``IO Order'') is a Limit Order to buy (sell)
that is to be traded only in a Trading Halt Auction. The rule further
provides that IO Orders are available only to ETP Holders using Pillar
phase II protocols. Now that all ETP Holders use Pillar phase II
protocols, the Exchange proposes to delete the second sentence of Rule
7.31-E(c)(5), which the Exchange believes is superfluous and no longer
necessary.
    Further, the Exchange proposes to amend Rule 7.31-E(i)(2) which
provides how the Self Trade Prevention (``STP'') functionality operates
on the Exchange. Current Rule 7.31-E(i)(2) provides that any incoming
order designated with an STP modifier is prevented from executing
against a resting opposite side order also designated with an STP
modifier and from the same ETP ID. The STP modifier on the incoming
order controls the interaction between two orders marked with STP
modifiers. Orders marked with an STP modifier are not prevented from
interacting during any auction.
    As part of the Pillar implementation, the Exchange amended Rule
7.31-E(i)(2)(E) to provide that for purposes of STP, references to ETP
ID mean an ETP ID when using Pillar phase I protocols to communicate
with the NYSE Arca Marketplace or an MPID when using Pillar phase II
protocols to communicate with the NYSE Marketplace. Now that all ETP
Holders use Pillar phase II protocols, the Exchange proposes to delete
Rule 7.31-E(i)(2)(E) as the distinction provided in the rule is no
longer necessary. The Exchange also proposes to replace all references
to ETP ID in Rule 7.31-E(i)(2)(A)-(D) with MPID to reflect that with
Pillar phase II protocols in place now, the Exchange would use MPID
instead of ETP ID to identify ETP Holders for purposes of STP.
    Finally, the Exchange proposes to amend Rule 7.34-E (Trading
Sessions). Specifically, Rule 7.34-E(b)(1) provides that any order
entered into the NYSE Arca Marketplace must include a designation for
which trading session(s) the order would remain in effect. The rule
further provides that for ETP Holders that communicate with the NYSE
Arca Marketplace using Pillar phase II protocols, orders entered
without a trading session designation would be rejected. The Exchange
proposes to delete reference to ETP Holders communicating with the NYSE
Arca Marketplace using Pillar phase II protocols from the current rule
because such reference is not necessary since all ETP Holders now
communicate with the NYSE Arca Marketplace using Pillar phase II
protocols. Additionally, since ETP Holders no longer communicate with
the NYSE Arca Marketplace using Pillar phase I protocols, the Exchange
proposes to delete Rules 7.34-E(b)(2) and (b)(3) in their entirety
because it is no longer necessary for Exchange rules to distinguish
between Pillar phase I protocols and Pillar phase II protocols for
purposes of designating the trading session(s) for which orders would
remain in effect on the Exchange.
2. Statutory Basis
    The Exchange believes that 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) of the Act,\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 regulating,
clearing, settling, processing information with respect to, and
facilitating transactions in securities, to remove impediments to, and
perfect the mechanisms of, a free and open market and a national market
system and, in general, to protect investors and the public interest
and because it is not designed to permit unfair discrimination between
customers, issuers, brokers, or dealers.
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    \4\ 15 U.S.C. 78f(b).
    \5\ 15 U.S.C. 78f(b)(5).
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    In particular, the Exchange believes that amending its rules to
remove references to Pillar phase I protocols would promote the
protection of investors and the public interest because it would
promote clarity and transparency in Exchange rules governing what rules
govern trading on the Exchange because Pillar phase I protocols are no
longer available for ETP Holders to communicate with the NYSE Arca
Marketplace. The Exchange further believes that deleting references to
Pillar phase I protocols from the Exchange's rules would remove
impediments to and perfect the mechanism of a national

market system because these proposed changes would add greater clarity
to the Exchange's rules and promote market transparency and efficiency
because Pillar phase I protocols, which for a period of time were
available to ETP Holders to communicate with the NYSE Arca Marketplace,
are no longer available.
    The Exchange believes that the proposed rule change to replace
references to ETP ID with MPID for STP purposes would remove
impediments to and perfect the mechanism of a free and open market and
a national market system because the proposed change would eliminate
confusion with respect to how the Exchange identifies the identity of
an ETP Holder for purposes of the Exchange's STP functionality. The
Exchange further believes that this non-substantive amendment to the
current rule is intended to provide clarity and eliminate confusion
among market participants, which is in the interests of all investors
and the general public.

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. The proposed rule change is
not designed to address competitive issues but rather is designed to
ensure a fair and orderly market by removing trading rules that are no
longer operative. As such, the proposed rule changes are intended to
promote greater efficiency and transparency concerning trading on the
Exchange.

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 foregoing rule change has become effective pursuant to Section
19(b)(3)(A) of the Act \6\ and Rule 19b-4(f)(6) \7\ thereunder because
the proposal does not: (i) Significantly affect the protection of
investors or the public interest; (ii) impose any significant burden on
competition; and (iii) by its terms, become operative for 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.
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    \6\ 15 U.S.C. 78s(b)(3)(A).
    \7\ 17 CFR 240.19b-4(f)(6).
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    A proposed rule change filed under Rule 19b-4(f)(6) normally may
not become operative prior to 30 days after the date of filing.
However, Rule 19b-4(f)(6)(iii) \8\ permits the Commission to designate
a shorter time if such action is consistent with the protection of
investors and the public interest. The Exchange has requested that the
Commission waive the 30-day operative delay period. The Commission
believes that waiver of the 30-day operative delay period is consistent
with the protection of investors and the public interest. Specifically,
the Commission believes that the proposal would delete obsolete rules
from the Exchange's rulebook and thus should provide clarity and
eliminate confusion. For these reasons, the Commission believes that
waiving the 30-day operative delay is consistent with the protection of
investors and the public interest, and designates the proposed rule
change to be operative upon filing with the Commission.\9\
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    \8\ 17 CFR 240.19b-4(f)(6)(iii).
    \9\ For purposes only of waiving the operative delay for this
proposal, the Commission has considered the proposed rule's impact
on efficiency, competition, and capital formation. See 15 U.S.C.
78c(f).
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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.\10\
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    \10\ 15 U.S.C. 78s(b)(3)(C).
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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 (http://www.sec.gov/rules/sro.shtml); or
     Send an email to [email protected]. Please include
File Number SR-NYSEArca-2018-79 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-NYSEArca-2018-79. 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 (http://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 10:00 a.m. and
3:00 p.m. Copies of the filing also will be available for inspection
and copying at the principal office of the Exchange. 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-NYSEArca-2018-79 and should be submitted
on or before December 11, 2018.

    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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Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018-25238 Filed 11-19-18; 8:45 am]
 BILLING CODE 8011-01-P


[Federal Register Volume 85, Number 176 (Thursday, September 10, 2020)]
[Notices]
[Pages 55872-55873]
[FR Doc No: 2020-19945]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-89766; File No. SR-LTSE-2020-15]

Self-Regulatory Organizations; Long-Term Stock Exchange, Inc.;
Notice of Filing and Immediate Effectiveness of a Proposed Rule Change
To Continue Suspending the Application of Order Price Collars in Rule
11.190(f)(1) Until October 8, 2020

September 3, 2020.
    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 September 3, 2020, Long-Term Stock Exchange, Inc. (``LTSE'' 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\ 17 CFR 240.19b-4.
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I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change

    LTSE proposes to continue suspending until October 8, 2020, the
provisions of Rule 11.190(f)(1) pending further systems development
work.
    The text of the proposed rule change is available at the Exchange's
website at https://longtermstockexchange.com/, at the principal office
of the Exchange, and at the Commission's Public Reference Room.

II. Self-Regulatory Organization's Statement on 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 these statements may be examined at
the places specified in Item IV below. The self-regulatory organization
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 on the Purpose of, and the
Statutory Basis for, the Proposed Rule Change \3\
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    \3\ Unless otherwise defined, capitalized terms are used herein
as defined in the LTSE Rulebook.
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1. Purpose
    LTSE Rule 11.190(f)(1) prevents an incoming order or order resting
on the Order Book, including those marked ISO, from executing at a
price outside the Order Collar price range (i.e., prevents buy orders
from trading at prices above the collar and prevents sell orders from
trading at prices below the collar). The Order Collar price range is
calculated using the numerical guidelines for clearly erroneous
executions (``CEE'').\4\ Under Rule 11.190(f)(1), executions are
permitted at prices within the Order Collar price range, inclusive of
the boundaries. Thus, Rule 11.190(f)(1) seeks to prevent an execution
that would otherwise be handled under the CEE procedures.
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    \4\ See LTSE Rule 11.270(f)(1)(D).
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    The Exchange became operational on August 28, 2020.\5\ However, the
automated processes to set the Order Collar price range pursuant to
Rule 11.190(f)(1) were not yet fully operational at that time, and the
Exchange temporarily suspended Rule 11.190(f)(1) until September 8,
2020.\6\ It is anticipated that the automated processes will still not
be fully operational on September 8, 2020. Therefore, to ensure the
Exchange operates in conformity with its Rule Book, the Exchange
proposes to continue suspending Rule 11.190(f)(1) until October 8,
2020, pending further systems development work. The Exchange will
continue to work diligently to finalize the implementation of the Order
Collar price range as described in Rule 11.190(f)(1). The Exchange
previously issued a Regulatory Information Circular alerting its
Members of the prior delay until September 8, 2020,\7\ and will
promptly issue a new Regulatory Information Circular regarding the
continued suspension of Rule 11.190(f)(1).
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    \5\ See LTSE Production Securities Phase-In Set for Friday,
August 28, LTSE (August 24, 2010), available at https://assets.ctfassets.net/cchj2z2dcfyd/4Ul3ygPsrihSz4lpQnBThu/56a54c087891a5aa20152398bdb51cea/MA-2020-022__Reminder_Production_Securities_Launching_August_28_-_Google_Docs.pdf.
    \6\ See Securities Exchange Act Release No. 89710 (August 28,
2020) (File No. SR-LTSE-2020-14).
    \7\ See Notice of Rule Filing to Temporarily Suspend Rule
11.190(f)(1), LTSE (Aug. 27, 2020), available at https://assets.ctfassets.net/cchj2z2dcfyd/6l5zWem57DZ2zHHHUKQENo/114fd721fca7dd3812a1534110803114/RIC-2020-07.pdf.
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2. Statutory Basis
    The Exchange believes that the proposed rule change is consistent
with the provisions of Section 6 of the Act,\8\ in general, and
furthers the objectives of Section 6(b)(5) of the Act,\9\ in
particular, in that it is designed to prevent fraudulent and
manipulative acts and practices, 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.
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    \8\ 15 U.S.C. 78f.
    \9\ 15 U.S.C. 78f(b)(5).
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    The Order Collar provisions of Rule 11.190(f)(1) are a prophylactic
measure to prevent trade executions outside of certain price bands. The
Exchange has in effect other provisions to address trade executions at
prices outside of these price bands, such as Rule 11.270 (Clearly
Erroneous Executions). Additionally, Rule 11.281 (Limit-Up Limit-Down)
prevents trades in NMS Stocks from occurring outside specified price
bands.\10\ The Exchange further notes that other national securities
exchanges operate without order price collars during their regular,
continuous market trading sessions.\11\
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    \10\ Rule 11.281 was adopted under the LULD Plan, see Securities
Exchange Act Release No. 85623 (April 11, 2019), 84 FR 16086 (April
17, 2019), and is designed to prevent trades in NMS Stocks from
occurring outside specified price bands, which are set at a
percentage level above and below the average reference price of a
security over the preceding five-minute period.
    \11\ See, e.g., MEMX Rulebook (8.17.20), available at https://info.memxtrading.com/wp-content/uploads/2020/08/MEMX-Rulebook-8.17.20.pdf; Rulebook--The Nasdaq Stock Market, available at https://listingcenter.nasdaq.com/rulebook/nasdaq/rules (last accessed
September 3, 2020).
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B. Self-Regulatory Organization's Statement on Burden on Competition

    The Exchange does not believe that the proposed rule change will
result in any burden on competition that is not necessary or
appropriate in furtherance of the purposes of the Act. The proposed
change is not designed to address any competitive issue, but rather
would provide the public and market participants with clarity and
certainty regarding the operations of the Exchange. Additionally, the
proposed rule change would not be an inappropriate burden on
intramarket

competition as it would be applied equally to all Members. It also is
not a burden on intermarket competition as other exchange similarly
operate without order price collars.

C. Self-Regulatory Organization's Statement on Comments on the Proposed
Rule Change Received From Members, Participants, or Others

    Written comments were neither solicited nor received.

III. Date of Effectiveness of the Proposed Rule Change and Timing for
Commission Action

    Because the foregoing 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 for 30 days from the date on which it was filed, or
such shorter time as the Commission may designate, it has become
effective pursuant to Section 19(b)(3)(A) of the Act \12\ and Rule 19b-
4(f)(6) thereunder.\13\
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    \12\ 15 U.S.C. 78s(b)(3)(A).
    \13\ 17 CFR 240.19b-4(f)(6). In addition, Rule 19b-4(f)(6)(iii)
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 Commission has waived the five business day notification
requirement for this proposed rule change.
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    A proposed rule change filed pursuant to Rule 19b-4(f)(6) under the
Act \14\ normally does not become operative for 30 days after the date
of its filing. However, Rule 19b-4(f)(6)(iii) \15\ permits the
Commission to designate a shorter time if such action is consistent
with the protection of investors and the public interest. The Exchange
has asked the Commission to waive the 30-day operative delay so that
the proposed rule change may become operative immediately. According to
the Exchange, waiver of the 30-day operative delay will allow the
suspension to remain in effect while the Exchange continues to pursue
the necessary systems development work. The Exchange notes that
operations of the Exchange will not change and Members are aware \16\
and will continue to be aware that the Order Collar functionality is
currently not being deployed. The Exchange believes that the proposed
rule change does not significantly affect the protection of investors
or the public interest or impose a significant burden on competition
because it is designed to continue the suspension of a prophylactic
rule and that the proposed rule change does not impose any burden on
Members or market participants. The Commission believes that waiving
the 30-day operative delay is consistent with the protection of
investors and the public interest, as doing so will ensure that the
rule change becomes operative before the date that the existing
temporary suspension of Rule 11.190(f)(1) expires. Accordingly, the
Commission hereby waives the operative delay and designates the
proposed rule change operative upon filing.\17\
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    \14\ 17 CFR 240.19b-4(f)(6).
    \15\ 17 CFR 240.19b-4(f)(6)(iii).
    \16\ See supra note 6.
    \17\ For purposes only of waiving the 30-day operative delay,
the Commission also has considered the proposed rule's impact on
efficiency, competition, and capital formation. See 15 U.S.C.
78c(f).
---------------------------------------------------------------------------

    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. If the Commission
takes such action, the Commission shall institute proceedings 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 (http://www.sec.gov/rules/sro.shtml); or
     Send an email to<EMAIL_ADDRESS>Please include
File Number SR-LTSE-2020-15 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-LTSE-2020-15. 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 (http://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 10:00 a.m. and
3:00 p.m. Copies of the filing also will be available for inspection
and copying at the principal office of the Exchange. 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-LTSE-2020-15 and should be submitted on
or before October 1, 2020.

    For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\18\
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    \18\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------

J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020-19945 Filed 9-9-20; 8:45 am]
BILLING CODE 8011-01-P


[Federal Register Volume 81, Number 35 (Tuesday, February 23, 2016)]
[Notices]
[Page 9007]
[FR Doc No: 2016-03639]

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SECURITIES AND EXCHANGE COMMISSION

Proposed Collection; Comment Request

Upon Written Request, Copies Available From: Securities and Exchange
Commission, Office of FOIA Services, 100 F Street NE., Washington, DC
20549-2736.

Extension:
    Rule 6h-1, SEC File No. 270-497, OMB Control No. 3235-0555.

    Notice is hereby given that, pursuant to the Paperwork Reduction
Act of 1995 (``PRA'') (44 U.S.C. 3501 et seq.), the Securities and
Exchange Commission (``Commission'') is soliciting comments on the
existing collection of information provided for in Rule 6h-1 (17 CFR
240.6h-1) under the Securities Exchange Act of 1934, as amended
(``Act'') (15 U.S.C. 78a et seq.). The Commission plans to submit this
existing collection of information to the Office of Management and
Budget (``OMB'') for extension and approval.
    Section 6(h) of the Act (15 U.S.C. 78f(h)) requires national
securities exchanges and national securities associations that trade
security futures products to establish listing standards that, among
other things, require that: (i) Trading in such products not be readily
susceptible to price manipulation; and (ii) the market on which the
security futures product trades has in place procedures to coordinate
trading halts with the listing market for the security or securities
underlying the security futures product. Rule 6h-1 implements these
statutory requirements and requires that (1) the final settlement price
for each cash-settled security futures product fairly reflect the
opening price of the underlying security or securities, and (2) the
exchanges and associations trading security futures products halt
trading in any security futures product for as long as trading in the
underlying security, or trading in 50% or more of the underlying
securities, is halted on the listing market.
    It is estimated that approximately 1 respondent, consisting of a
designated contract market not already registered as a national
securities exchange under Section 6(g) of the Exchange Act that seeks
to list or trade security futures products, will incur an average
burden of 10 hours per year to comply with this rule, for a total
burden of 10 hours. At an average cost per hour of approximately $387,
the resultant total cost of compliance for the respondents is $3,870
per year (1 respondent x 10 hours/respondent x $387/hour).
    Written comments are invited on: (a) Whether the proposed
collection of information is necessary for the proper performance of
the functions of the Commission, including whether the information
shall have practical utility; (b) the accuracy of the Commission's
estimates of the burden of the proposed collection of information; (c)
ways to enhance the quality, utility, and clarity of the information
collected; and (d) ways to minimize the burden of the collection of
information on respondents, including through the use of automated
collection techniques or other forms of information technology.
Consideration will be given to comments and suggestions submitted in
writing within 60 days of this publication.
    An agency may not conduct or sponsor, and a person is not required
to respond to, a collection of information under the PRA unless it
displays a currently valid OMB control number.
    Please direct your written comments to: Pamela Dyson, Director/
Chief Information Officer, Securities and Exchange Commission, c/o Remi
Pavlik-Simon, 100 F Street NE., Washington, DC 20549, or send an email
to<EMAIL_ADDRESS>
    Dated: February 17, 2016.
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2016-03639 Filed 2-22-16; 8:45 am]
BILLING CODE 8011-01-P


[Federal Register Volume 88, Number 158 (Thursday, August 17, 2023)]
[Notices]
[Page 56016]
[FR Doc No: 2023-17695]

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DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission

[Docket No. ER23-2567-000]

EnerSmart Los Coches BESS LLC; Supplemental Notice That Initial
Market-Based Rate Filing Includes Request for Blanket Section 204
Authorization

    This is a supplemental notice in the above-referenced proceeding of
EnerSmart Los Coches BESS LLC's application for market-based rate
authority, with an accompanying rate tariff, noting that such
application includes a request for blanket authorization, under 18 CFR
part 34, of future issuances of securities and assumptions of
liability.
    Any person desiring to intervene or to protest should file with the
Federal Energy Regulatory Commission, 888 First Street NE, Washington,
DC 20426, in accordance with Rules 211 and 214 of the Commission's
Rules of Practice and Procedure (18 CFR 385.211 and 385.214). Anyone
filing a motion to intervene or protest must serve a copy of that
document on the Applicant.
    Notice is hereby given that the deadline for filing protests with
regard to the applicant's request for blanket authorization, under 18
CFR part 34, of future issuances of securities and assumptions of
liability, is August 31, 2023.
    The Commission encourages electronic submission of protests and
interventions in lieu of paper, using the FERC Online links at http://www.ferc.gov. To facilitate electronic service, persons with internet
access who will eFile a document and/or be listed as a contact for an
intervenor must create and validate an eRegistration account using the
eRegistration link. Select the eFiling link to log on and submit the
intervention or protests.
    Persons unable to file electronically may mail similar pleadings to
the Federal Energy Regulatory Commission, 888 First Street NE,
Washington, DC 20426. Hand delivered submissions in docketed
proceedings should be delivered to Health and Human Services, 12225
Wilkins Avenue, Rockville, Maryland 20852.
    In addition to publishing the full text of this document in the
Federal Register, the Commission provides all interested persons an
opportunity to view and/or print the contents of this document via the
internet through the Commission's Home Page (http://www.ferc.gov) using
the ``eLibrary'' link. Enter the docket number excluding the last three
digits in the docket number field to access the document. At this time,
the Commission has suspended access to the Commission's Public
Reference Room, due to the proclamation declaring a National Emergency
concerning the Novel Coronavirus Disease (COVID-19), issued by the
President on March 13, 2020. For assistance, contact the Federal Energy
Regulatory Commission at [email protected] or call toll-free,
(886) 208-3676 or TYY,<PHONE_NUMBER>.
    The Commission's Office of Public Participation (OPP) supports
meaningful public engagement and participation in Commission
proceedings. OPP can help members of the public, including landowners,
environmental justice communities, Tribal members and others, access
publicly available information and navigate Commission processes. For
public inquiries and assistance with making filings such as
interventions, comments, or requests for rehearing, the public is
encouraged to contact OPP at<PHONE_NUMBER> or [email protected].

    Dated: August 11, 2023.
Kimberly D. Bose,
Secretary.
[FR Doc. 2023-17695 Filed 8-16-23; 8:45 am]
BILLING CODE 6717-01-P


[Federal Register Volume 84, Number 39 (Wednesday, February 27, 2019)]
[Notices]
[Pages 6456-6457]
[FR Doc No: 2019-03392]

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SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-363, OMB Control No. 3235-0413]

Proposed Collection; Comment Request

Upon Written Request, Copies Available From: Securities and Exchange
Commission, Office of FOIA Services, 100 F Street NE, Washington, DC
20549-2736.

Extension:
    Rule 17Ad-16

    Notice is hereby given that, pursuant to the Paperwork Reduction
Act of 1995 (44 U.S.C. 3501 et seq.) (``PRA''), the Securities and
Exchange Commission (``Commission'') is soliciting comments on the
existing collection of information provided for in Rule 17Ad-16 (17 CFR
240.17Ad-16) under the Securities Exchange Act of 1934 (15 U.S.C. 78a
et seq.). The Commission plans to submit this existing collection of
information to the Office of Management and Budget (``OMB'') for
extension and approval.
    Rule 17Ad-16 requires a registered transfer agent to provide
written notice to the appropriate qualified registered securities
depository when assuming or terminating transfer agent services on
behalf of an issuer or when changing its name or address. In addition,
transfer agents that provide such notice shall maintain such notice for
a period of at least two years in an easily accessible place. This rule
addresses the problem of certificate transfer delays caused by transfer
requests that are directed to the wrong transfer agent or the wrong
address.
    We estimate that the transfer agent industry submits 11,006 Rule
17Ad-16 notices per year to appropriate qualified registered securities
depositories. The staff estimates that the average amount of time
necessary to create and submit each notice is approximately 15 minutes
per notice. Accordingly, the estimated total industry burden is 2,752
hours per year (15 minutes multiplied by 11,006 notices filed annually
rounded up from 2,751.5 to 2,752).
    Because the information needed by transfer agents to properly
notify the appropriate registered securities depository is readily
available to them and the report is simple and straightforward, the
cost is relatively minimal. The average internal compliance cost to
prepare and send a notice is approximately $70.75 (15 minutes at $283
per hour).\1\ This yields an industry-wide internal compliance cost
estimate of $778,675 (11,006 notices multiplied by $70.75 per notice
rounded up from $778,674.5 to $778,675).
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    \1\ The estimated hourly wages used in this analysis were
derived from reports prepared by the Securities Industry and
Financial Markets Association. See Securities Industry and Financial
Markets Association, Office Salaries in the Securities Industry--
2013 (2013), modified to account for an 1800-hour work year and
multiplied by 5.35 to account for bonuses, firm size, employee
benefits and overhead.
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    Written comments are invited on: (a) Whether the proposed
collection of information is necessary for the proper performance of
the functions of the Commission, including whether the information
shall have practical utility; (b) the accuracy of the Commission's
estimates of the burden of the proposed collection of information; (c)
ways to enhance the quality, utility, and clarity of the information
collected; and (d) ways to minimize the burden of the collection of
information on respondents, including through the use of automated
collection techniques or other forms of information technology.
Consideration will be given to comments and suggestions submitted in
writing within 60 days of this publication.
    An agency may not conduct or sponsor, and a person is not required
to respond to, a collection of information under the PRA unless it
displays a currently valid OMB control number.
    Please direct your written comments to: Charles Riddle, Director/
Chief Information Officer, Securities and Exchange Commission, c/o
Candace Kenner, 100 F Street NE, Washington, DC 20549, or send an email
to<EMAIL_ADDRESS>

    Dated: February 22, 2019.
Eduardo A. Aleman,
Deputy Secretary.
[FR Doc. 2019-03392 Filed 2-26-19; 8:45 am]
 BILLING CODE 8011-01-P