[Federal Register Volume 84, Number 229 (Wednesday, November 27, 2019)]
[Notices]
[Pages 65435-65436]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-25801]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-87596; File No. SR-CTA/CQ-2019-03]


Consolidated Tape Association; Notice of Filing and Immediate 
Effectiveness of the Thirty-Second Substantive Amendment to the Second 
Restatement of the CTA Plan and Twenty-Third Substantive Amendment to 
the Restated CQ Plan

November 22, 2019.
    Pursuant to Section 11A of the Securities Exchange Act of 1934 
(``Act'') \1\ and Rule 608 thereunder,\2\ notice is hereby given that 
on October 24, 2019,\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-Second 
Substantive Amendment to the CTA Plan and Twenty-Third Substantive 
Amendment to the CQ Plan (``Amendments''). Under the Amendments, the 
Participants propose to add Long-Term Stock Exchange, Inc. (``LTSE'') 
as a Participant to the Plans and effectuate changes that certain 
Participants have made to their names and addresses.
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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 Countryman, Secretary, Commission, dated 
October 23, 2018 [sic].
    \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., 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 Amendment 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 LTSE as a Participant to the 
Plans and effectuate changes that certain Participants have made to 
their names and addresses, as set forth in Sections I(q), III(a), and 
VIII(a) of the CTA Plan and Section III(a) of the CQ Plan.

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 LTSE as a Participant to the Plans and effectuate a change 
in the names and addresses of certain Participants. LTSE has completed 
the required steps to be added to the Plans, and the Amendments 
represent the final step to officially add LTSE as a Participant. For 
the same reasons, the Participants do not believe that the Amendments 
introduce terms that are unreasonably discriminatory for purposes of 
Section 1lA(c)(l)(D) of the Act.

F. Written Understanding or Agreement Relating to Interpretation of, or 
Participating in Plan

    Not applicable.

G. Approval by Sponsors in Accordance With Plan

    See Item I.C. above.

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.

[[Page 65436]]

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-2019-03 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-2019-03. 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. 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-CTA/
CQ-2019-03 and should be submitted on or before December 12, 2019.

    By the Commission.
Eduardo A. Aleman,
Deputy Secretary.
[FR Doc. 2019-25801 Filed 11-26-19; 8:45 am]
 BILLING CODE 8011-01-P