[Federal Register Volume 85, Number 149 (Monday, August 3, 2020)]
[Notices]
[Pages 46771-46772]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-16805]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-89417; File No. S7-24-89]


Joint Industry Plan; Notice of Filing and Immediate Effectiveness 
of the Forty-Eighth Amendment to the Joint Self-Regulatory Organization 
Plan Governing the Collection, Consolidation and Dissemination of 
Quotation and Transaction Information for Nasdaq-Listed Securities 
Traded on Exchanges on an Unlisted Trading Privileges Basis

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 Joint Self-Regulatory 
Organization Plan Governing the Collection, Consolidation and 
Dissemination of Quotation and Transaction Information for Nasdaq-
Listed Securities Traded on Exchanges on an Unlisted Trading Privileges 
Basis (``UTP Plan'' or ``Plan'') filed with the Securities and Exchange 
Commission (``Commission'') a proposal to amend the UTP Plan. The 
amendment represents the Forty-Eighth Amendment to the Plan 
(``Amendment''). Under the Amendment, the Participants propose to add 
MEMX LLC (``MEMX'') as a Participant to the Plan and make a technical 
correction to the Conflicts of Interest Policy pursuant to Rule 
608(b)(3)(ii) under Regulation NMS.
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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, 
UTP Plan, 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 Amendment has been filed by the Participants pursuant 
to Rule 608(b)(3)(ii) under Regulation NMS \5\ as concerned solely with 
the administration of the Plan and as a ``Ministerial Amendment'' under 
Section XVI of the Plan. As a result, the Amendment becomes effective 
upon filing and was 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 Amendment, 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 Amendment adds MEMX as a Participant to the UTP 
Plan and makes a technical correction to the Conflicts of Interest 
Policy to update a cross-reference.

B. Governing or Constituent Documents

    Not applicable.

C. Implementation of Amendment

    Because the Amendment constitutes a ``Ministerial Amendment'' under 
Section XVI of the UTP Plan, the Chair of the UTP Plan's Operating 
Committee may submit the Amendment to the Commission on behalf of the 
Participants in the UTP Plan. Because the Participants designate the 
Amendment as concerned solely with the administration of the UTP Plan, 
the Amendment becomes effective upon filing with the Commission.

D. Development and Implementation Phases

    Not applicable.

E. Analysis of Impact on Competition

    The Amendment does not impose any burden on competition because it 
simply adds MEMX as a Participant to the UTP Plan and makes a minor 
correction to the Conflicts of Interest Policy. MEMX has completed the 
required steps to be added to the UTP Plan.

F. Written Understanding or Agreements Relating to Interpretation of, 
or Participation 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.

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.

[[Page 46772]]

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 Amendment. Interested persons 
are invited to submit written data, views, and arguments concerning the 
foregoing, including whether the proposed Amendment 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 S7-24-89 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 S7-24-89. 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 
Amendment that are filed with the Commission, and all written 
communications relating to the proposed Amendment 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 S7-24-89 and should be submitted on or before August 24, 
2020.

    By the Commission.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020-16805 Filed 7-31-20; 8:45 am]
BILLING CODE 8011-01-P