[Federal Register Volume 85, Number 149 (Monday, August 3, 2020)]
[Notices]
[Pages 46766-46767]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-16804]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-89416; File No. SR-CTA/CQ-2020-01]
Consolidated Tape Association; Notice of Filing and Immediate
Effectiveness of the Thirty-Fourth Substantive Amendment to the Second
Restatement of the CTA Plan and Twenty-Fifth Substantive Amendment to
the Restated CQ Plan
July 29, 2020.
Pursuant to Section 11A of the Securities Exchange Act of 1934
(``Act'') \1\ and Rule 608 thereunder,\2\ notice is hereby given that
on June 29, 2020,\3\ the Participants \4\ in the Second Restatement of
the Consolidated Tape Association (``CTA'') Plan and the Restated
Consolidated Quotation (``CQ'') Plan (``CTA/CQ Plans'' or ``Plans'')
filed with the Securities and Exchange Commission (``Commission'') a
proposal to amend the Plans. The amendments represent the Thirty-Fourth
Substantive Amendment to the CTA Plan and Twenty-Fifth Substantive
Amendment to the CQ Plan (``Amendments''). Under the Amendments, the
Participants propose to add MEMX LLC (``MEMX'') as a Participant to the
Plans.
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\1\ 15 U.S.C 78k-1(a)(3).
\2\ 17 CFR 242.608.
\3\ See Letter from Robert Books, Chairman, Operating Committee,
CTA/CQ Plans, to Vanessa A. Countryman, Secretary, Commission, dated
June 26, 2020.
\4\ The Participants are: Cboe BYX Exchange, Inc., Cboe BZX
Exchange, Inc., Cboe EDGA Exchange, Inc., Cboe EDGX Exchange, Inc.,
Cboe Exchange, Inc., Financial Industry Regulatory Authority, Inc.,
The Investors' Exchange LLC, Long-Term Stock Exchange, Inc., MEMX
LLC, Nasdaq BX, Inc., Nasdaq ISE, LLC, Nasdaq PHLX, Inc., The Nasdaq
Stock Market LLC, New York Stock Exchange LLC, NYSE American LLC,
NYSE Arca, Inc., NYSE Chicago, Inc., and NYSE National, Inc.
(collectively, the ``Participants'').
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The proposed Amendments have been filed by the Participants
pursuant to Rule 608(b)(3)(ii) under Regulation NMS \5\ as concerned
solely with the administration of the Plans and as ``Ministerial
Amendments'' under both Section IV(b) of the CTA Plan and Section IV(c)
of the CQ Plan. As a result, the Amendments become effective upon
filing and can be submitted by the Chair of the Plan's Operating
Committee. The Commission is publishing this notice to solicit comments
on the Amendments from interested persons. Set forth in Sections I and
II is the statement of the purpose and summary of the Amendments, along
with the information required by Rules 608(a) and 601(a) under the Act,
prepared and submitted by the Participants to the Commission.
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\5\ 17 CFR 242.608(b)(2).
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I. Rule 608(a)
A. Purpose of the Amendment
The above-captioned Amendments add MEMX as a Participant to the
Plans.
B. Governing or Constituent Documents
Not applicable.
C. Implementation of Amendment
Because the Amendments constitute ``Ministerial Amendments'' under
both Section IV(b) of the CTA Plan and Section IV(c) under the CQ Plan,
the Chairman of the Plan's Operating Committee may submit the
Amendments to the Commission on behalf of the Participants in the
Plans. Because the Participants designate the Amendments as concerned
solely with the administration of the Plans, the Amendments become
effective upon filing with the Commission.
D. Development and Implementation Phases
Not applicable.
E. Analysis of Impact on Competition
The Amendments do not impose any burden on competition because they
simply add MEMX as a Participant to the Plans. MEMX has completed the
required steps to be added to the Plans.
F. Written Understanding or Agreement Relating to Interpretation of, or
Participation in Plan
Not applicable.
G. Approval by Sponsors in Accordance With Plan
See Item I.C. above.
[[Page 46767]]
H. Description of Operation of Facility Contemplated by the Proposed
Amendment
Not applicable.
I. Terms and Conditions of Access
Not applicable.
J. Method of Determination and Imposition, and Amount of, Fees and
Charges
Not applicable.
K. Method and Frequency of Processor Evaluation
Not applicable.
L. Dispute Resolution
Not applicable.
II. Regulation NMS Rule 601(a)
A. Equity Securities for Which Transaction Reports Shall Be Required by
the Plan
Not applicable.
B. Reporting Requirements
Not applicable.
C. Manner of Collecting, Processing, Sequencing, Making Available and
Disseminating Last Sale Information
Not applicable.
D. Manner of Consolidation
Not applicable.
E. Standards and Methods Ensuring Promptness, Accuracy and Completeness
of Transaction Reports
Not applicable.
F. Rules and Procedures Addressed to Fraudulent or Manipulative
Dissemination
Not applicable.
G. Terms of Access to Transaction Reports
Not applicable.
H. Identification of Marketplace of Execution
Not applicable.
III. Solicitation of Comments
The Commission seeks comments on the Amendments. Interested persons
are invited to submit written data, views, and arguments concerning the
foregoing, including whether the proposed Amendments are 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-CTA/CQ-2020-01 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-CTA/CQ-2020-01. 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 website (http://www.sec.gov/rules/sro.shtml). Copies
of the submission, all written statements with respect to the proposed
Amendments that are filed with the Commission, and all written
communications relating to the proposed Amendments 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 website viewing and printing at
the principal office of the Plan. 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-CTA/CQ-2020-01 and should be submitted on or before
August 24, 2020.
By the Commission.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020-16804 Filed 7-31-20; 8:45 am]
BILLING CODE 8011-01-P