Notice2021-27818
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 Withdrawal of 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
December 23, 2021
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 86 Issue 244 (Thursday, December 23, 2021)</title>
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[Federal Register Volume 86, Number 244 (Thursday, December 23, 2021)]
[Notices]
[Pages 73008-73009]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2021-27818]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-93814; 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 Withdrawal of 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
December 17, 2021.
On April 21, 2021, Cboe BYX Exchange, Inc. (``Cboe BYX''), Cboe BZX
Exchange, Inc. (``Cboe BZX''), Cboe C2 Exchange, Inc. (``C2''), Cboe
EDGA Exchange, Inc. (``Cboe EDGA''), Cboe EDGX Exchange, Inc. (``Cboe
EDGX''), Cboe Exchange, Inc. (``Cboe''), NASDAQ BX, Inc. (``BX''),
Nasdaq GEMX, LLC (``GEMX''), Nasdaq ISE, LLC (``ISE''), Nasdaq MRX, LLC
(``MRX''), NASDAQ PHLX LLC (``Phlx''), The NASDAQ Stock Market LLC
(``Nasdaq'') 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 establish fees for
Industry Members \4\ related to the National Market System Plan
Governing the Consolidated Audit
[[Page 73009]]
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 the proposed rule changes and
instituted proceedings to determine whether to approve or disapprove
the proposed rule changes.\8\ On October 27, 2021, the Commission
designated a longer period within which to conclude proceedings
regarding the proposed rule changes.\9\ 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). The CAT
NMS Plan functions as the limited liability company agreement of the
jointly owned limited liability company formed under Delaware state
law through which the Participants conduct the activities of the CAT
(``Company''). On August 29, 2019, the Participants replaced the CAT
NMS Plan in its entirety with the limited liability company
agreement of a new limited liability company named Consolidated
Audit Trail, LLC, which became the Company. See Securities Exchange
Act Release No. 87149 (September 27, 2019), 84 FR 52905. The latest
version of the CAT NMS Plan is available at <a href="https://catnmsplan.com/about-cat/cat-nms-plan">https://catnmsplan.com/about-cat/cat-nms-plan</a>.
\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).
\9\ Securities Exchange Act Release No. 93437, 86 FR 60524
(November 2, 2021).
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On December 10, 2021, Nasdaq, BX, ISE, GEMX, MRX and Phlx withdrew
their proposed rule changes (SR-BX-2021-018, SR-NASDAQ-2021-029, SR-
ISE-2021-08, SR-GEMX-2021-03, SR-MRX-2021-05, SR-PHLX-2021-25). On
December 16, 2021, Cboe BYX, Cboe BZX, C2, Cboe, Cboe EDGA and Cboe
EDGX withdrew their proposed rule changes (SR-CboeBYX-2021-011, SR-
CboeBZX-2021-034, SR-C2-2021-008, SR-CBOE-2021-030, SR-CboeEDGA-2021-
010, SR-Cboe-EDGX-2021-024).
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\10\
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\10\ 17 CFR 200.30-3(a)(12).
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J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2021-27818 Filed 12-22-21; 8:45 am]
BILLING CODE 8011-01-P
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