[Federal Register Volume 83, Number 225 (Wednesday, November 21, 2018)]
[Notices]
[Page 58810]
[FR Doc No: 2018-25360]

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DEPARTMENT OF TRANSPORTATION

Federal Aviation Administration

Agency Information Collection Activities: Requests for Comments;
Clearance of Renewed Approval of Information Collection: Pilot
Certification and Qualification Requirements for Air Carrier Operations

AGENCY: Federal Aviation Administration (FAA), DOT.

ACTION: Notice and request for comments.

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SUMMARY: In accordance with the Paperwork Reduction Act of 1995, FAA
invites public comments about our intention to request the Office of
Management and Budget (OMB) approval to renew an information
collection. The Federal Register Notice with a 60-day comment period
soliciting comments on the following collection of information was
published on July 31, 2018. The collection involves FAA review of
Airline Transport Pilot (ATP) Certification Training Program (CTP)
submittals to determine that the program complies with the applicable
requirements. It also involves FAA review of an institution of higher
education's application for the authority to certify its graduates meet
the minimum regulatory requirements.

DATES: Written comments should be submitted by December 21, 2018.

ADDRESSES: Interested persons are invited to submit written comments on
the proposed information collection to the Office of Information and
Regulatory Affairs, Office of Management and Budget. Comments should be
addressed to the attention of the Desk Officer, Department of
Transportation/FAA, and sent via electronic mail to
[email protected], or faxed to<PHONE_NUMBER>, or mailed to
the Office of Information and Regulatory Affairs, Office of Management
and Budget, Docket Library, Room 10102, 725 17th Street NW, Washington,
DC 20503.

FOR FURTHER INFORMATION CONTACT: Barbara Hall at<PHONE_NUMBER>, or by
email at: [email protected].

SUPPLEMENTARY INFORMATION:
    Public Comments Invited: You are asked to comment on any aspect of
this information collection, including (a) Whether the proposed
collection of information is necessary for FAA's performance; (b) the
accuracy of the estimated burden; (c) ways for FAA to enhance the
quality, utility and clarity of the information collection; and (d)
ways that the burden could be minimized without reducing the quality of
the collected information. The agency will summarize and/or include
your comments in the request for OMB's clearance of this information
collection.
    OMB Control Number: 2120-0755.
    Title: Pilot Certification and Qualification Requirements for Air
Carrier Operations.
    Form Numbers: 8700-1.
    Type of Review: This is a renewal of an information collection.
    Background: The Federal Register Notice with a 60-day comment
period soliciting comments on the following collection of information
was published on July 31, 2018 (83 FR 37039). FAA aviation safety
inspectors review the Airline Transport Pilot (ATP) Certification
Training Program (CTP) submittals to determine that the program
complies with the applicable requirements of 14 CFR 61.156. The
programs that comply with the minimum requirements receive approval to
begin offering the course to applicants for an ATP certificate with a
multiengine class rating or an ATP certificate obtained concurrently
with an airplane type rating. FAA aviation inspectors also review an
institution of higher education's application for the authority to
certify its graduates meet the minimum requirements of 14 CFR 61.160.
The institutions of higher education that receive a letter of
authorization for their degree program(s) are authorized to place a
certifying statement on a graduates' transcript indicating he or she is
eligible for a restricted privileges ATP certificate.
    Respondents: 41.
    Frequency: On occasion.
    Estimated Average Burden per Response: 3.1 hours.
    Estimated Total Annual Burden: 980 hours.

    Issued in Washington, DC, on November 15, 2018.
Barbara Hall,
FAA Information Collection Clearance Officer, IT Enterprises Business
Services Division, ASP-110.
[FR Doc. 2018-25360 Filed 11-20-18; 8:45 am]
BILLING CODE 4910-13-P


[Federal Register: March 21, 2006 (Volume 71, Number 54)]
[Notices]
[Page 14258-14259]
[DOCID:fr21mr06-126]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-53478; File No. SR-Amex-2006-21]

Self-Regulatory Organizations; American Stock Exchange LLC;
Notice of Filing and Immediate Effectiveness of a Proposed Rule Change
Relating to a Rebate of the Exchange's Options Cancellation Fee

March 14, 2006.
    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 February 24, 2006, the American Stock Exchange LLC (``Amex'' or
``Exchange'') 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 Amex
has filed the proposed rule change as one establishing or changing a
due, fee, or other charge imposed by the Amex under Section
19(b)(3)(A)(ii) of the Act \3\ and Rule 19b-4(f)(2) \4\ thereunder,
which renders the proposal effective upon filing with the Commission.
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\ 17 CFR 240.19b-4.
    \3\ 15 U.S.C. 78s(b)(3)(A)(ii).
    \4\ 17 CFR 240.19b-4(f)(2).
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I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change

    The Exchange proposes to rebate the options cancellation fee
collected by the Exchange for the months of September and October 2005.
The text of the proposed rule change is available on the Amex's
Internet Web site at (http://www.amex.com), at the principal office of

the Amex, 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 Amex 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 Amex 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 the
Statutory Basis for, the Proposed Rule Change

(1) Purpose
    In November 2001, the Amex established a fee for the cancellation
of options orders.\5\ Pursuant to this fee, a clearing firm is subject
to a charge of $1.00 for every order it cancels in any month in which
the total number of orders cancelled by that clearing firm exceeds the
total number of orders executed by that firm in that month. The fee
does not apply to clearing firms that cancel fewer than 500 orders in a
given month. The options cancellation fee was deemed to be necessary
given the often disproportionate number of order cancellations received
relative to order executions and the increased costs associated with
the practice of immediately following an order routed through Exchange
systems with a cancel request for that order.
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    \5\ See Securities Exchange Act Release No. 45110 (November 27,
2001) 66 FR 63080 (December 4, 2001) (notice of filing and immediate
effectiveness of SR-Amex-2001-90).
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    The Amex's billing system receives only completed transaction data
and does not receive data regarding orders that have been cancelled.
Therefore, the information necessary to determine whether the
cancellation fee should be charged is compiled outside the billing
system. It came to the Exchange's attention a few months ago that the
options cancellation fee was not currently being charged and may never
have been charged, even though some clearing firms may have triggered
the charge. The problem was corrected, and, beginning with options
orders and cancellations entered in September 2005, the Exchange began
billing the cancellation fee to the clearing firms when appropriate.
Unfortunately, notice of the application of this fee, almost 4 years
after the fee was adopted, was not widely disseminated to the clearing
firms. Many clearing firms first learned of the application of the fee
when they received their September 2005 invoices. As a result, the
clearing firms were unable to notify their customers of the fee or
convert their billing systems to charge back this fee to their
customers.
    The Exchange now proposes to rebate the amounts billed and
collected pursuant to the options cancellation fee for the months of
September and October 2005. The clearing firms were fully notified by
November 1, 2005; therefore, the Exchange believes that it is only
necessary to rebate the fees billed and collected for the months of
September and October. The Exchange believes that the rebate of options
cancellation fees for a limited period of time is appropriate given its
failure to fully inform the clearing firms of the application of the
fee.
(2) Statutory Basis
    The Amex believes that the proposed rule change is consistent with
Section 6(b) of the Act,\6\ in general, and furthers the objectives of
Section 6(b)(4) of the Act,\7\ in particular, in that it is intended to
assure the equitable allocation of reasonable dues, fees and other
charges

among its members and issuers and other persons using its facilities.
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    \6\ 15 U.S.C. 78f(b).
    \7\ 15 U.S.C. 78f(b)(4).
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B. Self-Regulatory Organization's Statement on Burden on Competition

    The Amex does not believe that the proposed rule change imposes any
burden on competition that is not necessary or appropriate in
furtherance of the purposes of the Act.

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 foregoing proposed rule change establishes or changes a
due, fee, or other charge imposed by the Exchange, it has become
effective pursuant to Section 19(b)(3)(A) of the Act \8\ and Rule 19b-
4(f)(2) thereunder \9\. At any time within 60 days of the filing of
such proposed rule change, the Commission may summarily abrogate 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 the furtherance of the purposes of the Act.
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    \8\ 15 U.S.C. 78s(b)(3)(A).
    \9\ 17 CFR 240.19b-4(f)(2).
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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 e-mail to<EMAIL_ADDRESS>Please include

File No. SR-Amex-2006-21 on the subject line.

Paper Comments

     Send paper comments in triplicate to Nancy M. Morris,
Secretary, Securities and Exchange Commission, Station Place, 100 F
Street, NE., Washington, DC 20549-1090.
    All submissions should refer to File Number SR-Amex-2006-21. This
file number should be included on the subject line if e-mail 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 Web site (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 inspection
and copying in the Commission's Public Reference Room. Copies of such
filing also will be available for inspection and copying at the
principal office of the Amex. All comments received will be posted
without change; the Commission does not edit personal identifying
information from submissions. You should submit only information that
you wish to make available publicly. All submissions should refer to
File Number SR-Amex-2006-21 and should be submitted on or before April
11, 2006.

    For the Commission, by the Division of Market Regulation,
pursuant to delegated authority.\10\
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    \10\ 17 CFR 200.30-3(a)(12).
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Nancy M. Morris,
Secretary.
 [FR Doc. E6-4011 Filed 3-20-06; 8:45 am]

BILLING CODE 8010-01-P


[Federal Register Volume 86, Number 137 (Wednesday, July 21, 2021)]
[Notices]
[Pages 38522-38523]
[FR Doc No: 2021-15437]

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SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-237, OMB Control No. 3235-0226]

Proposed Collection; Comment Request

Extension:
    Rule 10f-3

    Notice is hereby given that, pursuant to the Paperwork Reduction
Act of 1995 (44 U.S.C. 3501-3520), the Securities and Exchange
Commission (``Commission'') is soliciting comments on the collections
of information discussed below. The Commission plans to submit these
existing collections of information to the Office of Management and
Budget (``OMB'') for extension and approval.
    Section 10(f) of the Investment Company Act of 1940 (15 U.S.C. 80a)
(the ``Act'') prohibits a registered investment company (``fund'') from
purchasing any security during an underwriting or selling syndicate if
the fund has certain affiliated relationships with a principal
underwriter for the security.\1\ Congress enacted this provision in
1940 to protect funds and their shareholders by preventing underwriters
from ``dumping'' unmarketable securities on affiliated funds.
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    \1\ 15 U.S.C. 80a-10(f).
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    Rule 10f-3 under the Act permits a fund to engage in a securities
transaction that otherwise would violate Section 10(f) if, among other
things: (i) The fund's directors have approved procedures for purchases
made in reliance on the rule, regularly review fund purchases to
determine whether they comply with these procedures, and approve
necessary changes to the procedures; and (ii) a written record of each
transaction effected under the rule is maintained for six years, the
first two of which in an easily accessible place.\2\ The written record
must state: (i) From whom the securities were acquired; (ii) the
identity of the underwriting syndicate's members; (iii) the terms of
the transactions; and (iv) the information or materials on which the
fund's board of directors has determined that the purchases were made
in compliance with procedures established by the board.
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    \2\ 17 CFR 270.10f-3.
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    Rule 10f-3 also conditionally allows managed portions of fund
portfolios to purchase securities offered in otherwise off-limits
primary offerings. To qualify for this exemption, Rule 10f-3 requires
that the subadviser that is advising the purchaser be contractually
prohibited from providing investment advice to any other portion of the
fund's portfolio and consulting with any other of the fund's advisers
that is a principal underwriter or affiliated person of a principal
underwriter concerning the fund's securities transactions.
    These requirements provide a mechanism for fund boards to oversee
compliance with the rule. The required

recordkeeping facilitates the Commission staff's review of Rule 10f-3
transactions during routine fund inspections and, when necessary, in
connection with enforcement actions.
    The staff estimates that approximately 953 funds engage in at least
one Rule 10f-3 transaction each year, for a total of 953 such
transactions.\3\ Rule 10f-3 requires that the purchasing fund create a
written record of each transaction that includes, among other things,
from whom the securities were purchased and the terms of the
transaction. The staff estimates that it takes an average fund
approximately 30 minutes per transaction and, and, in the aggregate,
approximately 477 hours \4\ for funds to comply with this portion of
the rule.
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    \3\ These estimates are based on data from Form N-CEN filings
with the Commission.
    \4\ This estimate is based on the following calculation: (0.5
hours x 953 = 477 hours).
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    The funds also must maintain and preserve these transactional
records in accordance with the rule's recordkeeping requirement, and
the staff estimates that it takes a fund approximately 20 minutes per
transaction, and, in the aggregate, approximately 318 hours \5\
annually for funds to comply with this portion of the rule.
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    \5\ This estimate is based on the following calculations: (20
minutes x 953 transactions = 19,060 minutes; 19,060 minutes/60 = 318
hours).
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    In addition, fund boards must, no less than quarterly, examine each
of these transactions to ensure that they comply with the fund's
policies and procedures. The information or materials upon which the
board relied to come to this determination also must be maintained and
the staff estimates that it takes a fund 1 hour per quarter and, in the
aggregate, approximately 3,812 hours \6\ annually for funds to comply
with this rule requirement.
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    \6\ This estimate is based on the following calculation: (1 hour
per quarter x 4 quarters x 953 funds = 3,812 hours).
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    The staff estimates that reviewing and revising as needed written
procedures for Rule 10f-3 transactions takes, on average for each fund,
two hours of a compliance attorney's time per year.\7\ Thus, annually,
in the aggregate, the staff estimates that funds spend a total of
approximately 1,906 hours \8\ on monitoring and revising Rule 10f-3
procedures.
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    \7\ These averages take into account the fact that in most
years, fund attorneys and boards spend little or no time modifying
procedures and in other years, they spend significant time doing so.
    \8\ This estimate is based on the following calculation: (953
funds x 2 hours = 1,906 hours).
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    Based on an analysis of Form N-CEN filings, the staff estimates
that approximately 146 new funds enter into subadvisory agreements each
year.\9\ The staff estimates that it will require approximately 0.75
hours to draft and execute additional clauses in subadvisory contracts
in order for new funds and subadvisers to be able to rely on the
exemptions in Rule 10f-3.\10\ Assuming that all 146 funds that enter
into new subadvisory contracts each year make the modification to their
contract required by the rule, we estimate that the rule's contract
modification requirement will result in 110 burden hours annually for
new funds.\11\
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    \9\ Based on information in Form N-CEN filings, we estimate that
approximately 139 new open-end funds and 7 new closed-end funds, or
a total of 146 new funds enter into new subadvisory agreements each
year (139 + 7 = 146 new funds). We understand that existing funds
may also enter into new subadvisory agreements, but in many cases
would benefit from having previously drafted Rule 10f-3 clauses in
prior or existing subadvisory contracts.
    \10\ Because such clauses are identical to the clauses that a
fund would need to insert in their subadvisory contracts to rely on
Rules 12d3-1, 17a-10, and 17e-1, and because we believe that funds
that use one such rule generally use all of these rules, we
apportion this 3 hour time burden equally to all four rules.
Therefore, we estimate that the burden allocated to Rule 10f-3 for
this contract change would be 0.75 hours (3 hours / 4 rules = 0.75
hours).
    \11\ These estimates are based on the following calculations:
(0.75 hours x 146 portfolios = 110 burden hours).
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    The staff estimates, therefore, that Rule 10f-3 imposes an
information collection burden of 6,623 hours.\12\
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    \12\ This estimate is based on the following calculation: (477
hours + 318 hours + 3,812 hours + 1,906 hours + 110 hours = 6,623
total burden hours).
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    Written comments are invited on: (a) Whether the collections of
information are necessary for the proper performance of the functions
of the Commission, including whether the information has practical
utility; (b) the accuracy of the Commission's estimate of the burdens
of the collections of information; (c) ways to enhance the quality,
utility, and clarity of the information collected; and (d) ways to
minimize the burdens of the collections 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.
    Please direct your written comments to David Bottom, Director/Chief
Information Officer, Securities and Exchange Commission, C/O Cynthia
Roscoe, 100 F Street NE, Washington, DC 20549; or send an email to:
<EMAIL_ADDRESS>
    Dated: July 15, 2021.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2021-15437 Filed 7-20-21; 8:45 am]
BILLING CODE 8011-01-P


[Federal Register Volume 86, Number 66 (Thursday, April 8, 2021)]
[Notices]
[Pages 18339-18340]
[FR Doc No: 2021-07196]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-91468; File No. SR-NYSEArca-2021-20]

Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing
and Immediate Effectiveness of Proposed Rule Change To Amend Rule 6.90-
O

April 2, 2021.
    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 April 1, 2021, NYSE Arca, Inc. (``NYSE Arca'' 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 Exchange. 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 amend Rule 6.90-O (Qualified Contingent
Crosses) to clarify the permissible trading differentials for such
orders. 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 rule change is to amend Rule 6.90-O (Qualified
Contingent Crosses) to clarify the permissible trading differentials
for such orders.
    Rule 6.62-O(bb) provides that a Qualified Contingent Cross or QCC
Order must be comprised of an originating order to buy or sell at least
1,000 contracts that is identified as being part of a qualified
contingent trade, coupled with a contra-side order or orders to buy or
sell an equal number of contracts.\4\ As Qualified Contingent Crosses,
QCC Orders are automatically executed upon entry provided that the
execution (i) is not at the same price as a Customer Order in the
Consolidated Book and (ii) is at or between the NBBO.\5\ In addition,
QCC Orders may only be entered in the regular trading increments
applicable to the options class under Rule 6.72-O(Trading
Differentials).\6\ Rule 6.72-O subsection (a) sets forth the minimum
quoting increments for all options traded on the Exchange and
subsection (b) sets forth the minimum trading increments of one cent
($0.01) for all series of option contracts traded on the Exchange.\7\
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    \4\ A ``qualified contingent trade'' is a transaction consisting
of two or more component orders, executed as agent or principal,
where: (i) At least one component must be an NMS Stock; (ii) all the
components must be effected with a product price contingency that
either has been agreed to by all the respective counterparties or
arranged for by a broker-dealer as principal or agent; (iii) the
execution of one component must be contingent upon the execution of
all other components at or near the same time; (iv) the specific
relationship between the component orders (e.g., the spread between
the prices of the component orders) must be determined by the time
the contingent order is placed; (v) the component orders must bear a
derivative relationship to one another, represent different classes
of shares of the same issuer, or involve the securities of
participants in mergers or with intentions to merge that have been
announced or cancelled; and (vi) the transaction must be fully
hedged (without regard to any prior existing position) as a result
of other components of the contingent trade. See Commentary .02 to
Rule 6.62-O.
    \5\ See Rule 6.90-O. QCC Orders that cannot be executed when
entered will automatically cancel. See Rule 6.90-O(1).
    \6\ See Rule 6.90-O(2).
    \7\ See Rule 6.72-O(a) and (b), respectively. Paragraph (2) to
Rule 6.90-O provides that QCCs ``may only be entered in the regular
trading increments applicable to the options class under Rule 6.72-
O.''
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    The Exchange proposes to modify Rule 6.90-O(2) to add reference to
paragraph (b) of Rule 6.72-O in the text of the rule, which would make
it clear that QCCs may be entered in minimum trading increments of one
cent ($0.01).\8\ The Exchange believes this proposed change, which
aligns with current functionality, would add clarity, transparency and
internal consistency to Exchange rules.
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    \8\ See proposed Rule 6.90-O(2) (``Qualified Contingent Cross
Orders may only be entered in the regular trading increments
applicable to the options class under Rule 6.72-O(b)'').
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2. Statutory Basis
    The Exchange believes that its proposal is consistent with Section
6(b) of the Securities Exchange Act of 1934 (the ``Act''),\9\ in
general, and furthers the objectives of Section 6(b)(5) of the Act,\10\
in particular, in that it is 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 a national market system, and, in
general, to protect investors and the public interest.
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    \9\ 15 U.S.C. 78f(b).
    \10\ 15 U.S.C. 78f(b)(5).
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    The Exchange believes that the proposed modification--to make clear
that QCC Orders may be entered and traded in minimum trading increments
of a penny would promote just and equitable principles of trade, as
well as serve to remove impediments to and perfect the mechanism of a
free and open market because the proposed change clarifies existing
functionality. In addition, the Exchange believes that the proposed
rule change is consistent with other options order types and
functionalities that are not displayed in OPRA's quote feed. For
example, electronic paired auctions, which are not displayed in OPRA's
quote feed before they are executed, provide for penny trading
increments, regardless of the quoting increment of the options
class.\11\ As a result, the proposed change

would not impact the protection of investors and the public interest.
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    \11\ See, e.g., NYSE American Rule 971.1NY(b)(7) (regarding the
Customer Best Execution--or CUBE--auction and providing that ``CUBE
Orders may be entered in $.01 increments regardless of the MPV of
the series involved'').
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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
impose any burden on competition that is not necessary or appropriate
in furtherance of the purposes of the Act. Specifically, as discussed
above, the Exchange believes that the proposed change would align the
rule text with current functionality. Thus, the Exchange does not
believe the proposal creates any significant impact on competition.
    Intramarket Competition. The proposed rule change would be
applicable to all market participants that trade QCC Orders and
therefore would not impose any burden on intra-market competition that
is not necessary or appropriate in furtherance of the purposes of the
Act.
    Intermarket Competition. The Exchange believes that this proposed
rule change will not have an impact on intermarket competition.

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 \12\ and Rule 19b-4(f)(6) thereunder.\13\
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 \14\ and
subparagraph (f)(6) of Rule 19b-4 thereunder.\15\
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    \12\ 15 U.S.C. 78s(b)(3)(A)(iii).
    \13\ 17 CFR 240.19b-4(f)(6).
    \14\ 15 U.S.C. 78s(b)(3)(A).
    \15\ 17 CFR 240.19b-4(f)(6). In addition, Rule19b-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 Exchange has satisfied this requirement.
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    A proposed rule change filed under Rule 19b-4(f)(6) \16\ normally
does not become operative prior to 30 days after the date of its
filing. However, Rule 19b-4(f)(6)(iii) \17\ 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 proposal
may become operative upon filing. The Exchange believes a waiver is
consistent with the protection of investors and the public interest
because it would enable to Exchange to clarify current functionality
for QCC Orders without delay. Accordingly, the Commission hereby waives
the operative delay and designates the proposed rule change operative
upon filing so that the benefits of this proposed rule change can be
realized immediately.\18\
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    \16\ 17 CFR 240.19b-4(f)(6).
    \17\ 17 CFR 240.19b-4(f)(6)(iii).
    \18\ 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).
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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. If the Commission
takes such action, the Commission shall institute proceedings under
Section 19(b)(2)(B) \19\ to determine whether the proposed rule change
should be approved or disapproved.
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    \19\ 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 (http://www.sec.gov/rules/sro.shtml); or
     Send an email to<EMAIL_ADDRESS>Please include
File Number SR-NYSEArca-2021-20 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-2021-20. 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-2021-20 and should be submitted
on or before April 29, 2021.
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    \20\ 17 CFR 200.30-3(a)(12).

    For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\20\
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2021-07196 Filed 4-7-21; 8:45 am]
BILLING CODE 8011-01-P