Notice2021-23817
Self-Regulatory Organizations; Cboe BYX Exchange, Inc.; Cboe BZX Exchange, Inc.; Cboe C2 Exchange, Inc.; Cboe EDGA Exchange, Inc.; Cboe EDGX Exchange, Inc., Cboe Exchange, Inc.; NASDAQ BX, Inc.; Nasdaq GEMX, LLC; Nasdaq ISE, LLC; Nasdaq MRX, LLC; NASDAQ PHLX LLC and The NASDAQ Stock Market LLC; Notice of Designation of Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove Proposed Rule Changes To Adopt a Fee Schedule To Establish Fees for Industry Members Related to the National Market System Plan Governing the Consolidated Audit Trail
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
November 2, 2021
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 86 Issue 209 (Tuesday, November 2, 2021)</title>
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[Federal Register Volume 86, Number 209 (Tuesday, November 2, 2021)]
[Notices]
[Pages 60524-60525]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2021-23817]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-93437; File Nos. SR-BX-2021-018; SR-C2-2021-008; SR-
CBOE-2021-030; SR-CboeBYX-2021-011; SR-CboeBZX-2021-034; SR-CboeEDGA-
2021-010; SR-CboeEDGX-2021-024; SR-GEMX-2021-03; SR-ISE-2021-08; SR-
MRX-2021-05; SR-NASDAQ-2021-029; SR-PHLX-2021-25]
Self-Regulatory Organizations; Cboe BYX Exchange, Inc.; Cboe BZX
Exchange, Inc.; Cboe C2 Exchange, Inc.; Cboe EDGA Exchange, Inc.; Cboe
EDGX Exchange, Inc., Cboe Exchange, Inc.; NASDAQ BX, Inc.; Nasdaq GEMX,
LLC; Nasdaq ISE, LLC; Nasdaq MRX, LLC; NASDAQ PHLX LLC and The NASDAQ
Stock Market LLC; Notice of Designation of Longer Period for Commission
Action on Proceedings To Determine Whether To Approve or Disapprove
Proposed Rule Changes To Adopt a Fee Schedule To Establish Fees for
Industry Members Related to the National Market System Plan Governing
the Consolidated Audit Trail
October 27, 2021.
On April 21, 2021, Cboe BYX Exchange, Inc., Cboe BZX Exchange,
Inc., Cboe C2 Exchange, Inc., Cboe EDGA Exchange, Inc., Cboe EDGX
Exchange, Inc., Cboe Exchange, Inc., NASDAQ BX, Inc., Nasdaq GEMX, LLC,
Nasdaq ISE, LLC, Nasdaq MRX, LLC, NASDAQ PHLX LLC, The NASDAQ Stock
Market LLC (collectively, the ``Nasdaq and Cboe Participants'') filed
with the Securities and Exchange Commission (``Commission''), pursuant
to Section 19(b)(1) of the Securities Exchange Act of 1934 (``Act'')
\1\ and Rule 19b-4 thereunder,\2\ proposed rule changes \3\ to adopt a
fee schedule to
[[Page 60525]]
establish fees for Industry Members \4\ related to the National Market
System Plan Governing the Consolidated Audit Trail (``CAT NMS
Plan'').\5\ The proposed rule changes were immediately effective upon
filing with the Commission pursuant to Section 19(b)(3)(A) of the
Act.\6\ The proposed rule changes were published for comment in the
Federal Register on May 10, 2021.\7\ On June 17, 2021, the Commission
temporarily suspended and initiated proceedings to determine whether to
approve or disapprove the proposed rule changes.\8\ The Commission has
received no comments on the proposed rule changes.
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\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
\3\ Securities Exchange Act Release Nos. 91750 (May 4, 2021), 86
FR 25045 (May 10, 2021) (SR-BX-2021-018); 91751 (May 4, 2021), 86 FR
24941 (May 10, 2021) (SR-PHLX-2021-25); 91752 (May 4, 2021), 86 FR
24921 (May 10, 2021) (SR-NASDAQ-2021-029); 91753 (May 4, 2021), 86
FR 24994 (May 10, 2021) (SR-MRX-2021-05); 91755 (May 4, 2021), 86 FR
25035 (May 10, 2021) (SR-ISE-2021-08); 91756 (May 4, 2021), 86 FR
24979 (May 10, 2021) (SR-GEMX-2021-03); 91757 (May 4, 2021), 86 FR
24911 (May 10, 2021) (SR-C2-2021-008); 91758 (May 4, 2021), 86 FR
25004 (May 10, 2021) (SR-CboeEDGX-2021-024); 91759 (May 4, 2021), 86
FR 24956 (May 10, 2021) (SR-CboeEDGA-2021-010); 91760 (May 4, 2021),
86 FR 24966 (May 10, 2021) (SR-CBOE-2021-030); 91761 (May 4, 2021),
86 FR 25016 (May 10, 2021) (SR-CboeBYX-2021-011); and 91762 (May 4,
2021), 86 FR 24931 (May 10, 2021) (SR-CboeBZX-2021-034).
\4\ The CAT NMS Plan defines ``Industry Member'' as ``a member
of a national securities exchange or a member of a national
securities association.'' See CAT NMS Plan, infra note 5, at Section
1.1.
\5\ The CAT NMS Plan is a national market system plan approved
by the Commission pursuant to Section 11A of the Act and the rules
and regulations thereunder. See Securities Exchange Act Release No.
79318 (November 15, 2016), 81 FR 84696 (November 23, 2016).
\6\ 15 U.S.C. 78s(b)(3)(A). A proposed rule change may take
effect upon filing with the Commission if it is designated by the
exchange as ``establishing or changing a due, fee, or other charge
imposed by the self-regulatory organization on any person, whether
or not the person is a member of the self-regulatory organization.''
15 U.S.C. 78s(b)(3)(A)(ii).
\7\ See supra note 3.
\8\ Securities Exchange Act Release No. 92207, 86 FR 33448 (June
24, 2021).
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Section 19(b)(2) of the Act \9\ provides that, after instituting
proceedings, the Commission shall issue an order approving or
disapproving a proposed rule change not later than 180 days after the
date of publication of notice of filing of the proposed rule
change.\10\ The Commission may, however, extend the period for issuing
an order approving or disapproving the proposed rule change by not more
than 60 days if the Commission determines that a longer period is
appropriate and publishes the reasons for such determination.\11\ The
180th day for the proposed rule changes is November 6, 2021.
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\9\ 15 U.S.C 78s(b)(2).
\10\ 15 U.S.C. 78s(b)(2)(B)(ii)(I).
\11\ 15 U.S.C. 78s(b)(2)(B)(ii)(II)(aa).
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The Commission is extending the 180-day time period for Commission
action on each of the proposed rule changes. The Commission finds it
appropriate to designate a longer period within which to issue an order
approving or disapproving the proposed rule changes so that it has
sufficient time to consider the proposed rule changes.
Accordingly, the Commission, pursuant to Section 19(b)(2) of the
Act,\12\ designates January 5, 2022 as the date by which the Commission
shall either approve or disapprove the proposed rule changes (File Nos.
SR-BX-2021-018; SR-C2-2021-008; SR-CBOE-2021-030; SR-CboeBYX-2021-011;
SR-CboeBZX-2021-034; SR-CboeEDGA-2021-010; SR-CboeEDGX-2021-024; SR-
GEMX-2021-03; SR-ISE-2021-08; SR-MRX-2021-05; SR-NASDAQ-2021-029; SR-
PHLX-2021-25).
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\12\ 15 U.S.C. 78s(b)(2).
\13\ 17 CFR 200.30-3(a)(57).
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\13\
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2021-23817 Filed 11-1-21; 8:45 am]
BILLING CODE 8011-01-P
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</html>Indexed from Federal Register on November 2, 2021.
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