Notice2022-12943
Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Relating to the ALPS Active REIT ETF of ALPS ETF Trust To Provide for the Use of “Custom Baskets” Applicable to a Series of Proxy Portfolio Shares Listed Pursuant to Nasdaq Rule 5750
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
June 16, 2022
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 87 Issue 116 (Thursday, June 16, 2022)</title>
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[Federal Register Volume 87, Number 116 (Thursday, June 16, 2022)]
[Notices]
[Pages 36347-36351]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-12943]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-95082; File No. SR-NASDAQ-2022-035]
Self-Regulatory Organizations; The Nasdaq Stock Market LLC;
Notice of Filing and Immediate Effectiveness of Proposed Rule Change
Relating to the ALPS Active REIT ETF of ALPS ETF Trust To Provide for
the Use of ``Custom Baskets'' Applicable to a Series of Proxy Portfolio
Shares Listed Pursuant to Nasdaq Rule 5750
June 10, 2022.
Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934
(``Act''),\1\ and Rule 19b-4 thereunder,\2\ notice is hereby given that
on May 27, 2022, The Nasdaq Stock Market LLC (``Nasdaq'' or
``Exchange'') filed with the Securities and Exchange Commission
(``Commission'') the proposed rule change as described in Items I and
II below, which Items have been prepared by the self-regulatory
organization. The Commission is publishing this notice to
[[Page 36348]]
solicit comments on the proposed rule change from interested persons.
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\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
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I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change
The Exchange proposes to provide for the use of ``Custom Baskets''
consistent with the exemptive relief issued pursuant to the Investment
Company Act of 1940 applicable to a series of Proxy Portfolio Shares.
The text of the proposed rule change is available on the Exchange's
website at <a href="https://listingcenter.nasdaq.com/rulebook/nasdaq/rules">https://listingcenter.nasdaq.com/rulebook/nasdaq/rules</a>, at
the principal office of the Exchange, and at the Commission's Public
Reference Room.
II. Self-Regulatory Organization's Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule Change
In its filing with the Commission, the Exchange included statements
concerning the purpose of and basis for the proposed rule change and
discussed any comments it received on the proposed rule change. The
text of these statements may be examined at the places specified in
Item IV below. The Exchange has prepared summaries, set forth in
sections A, B, and C below, of the most significant aspects of such
statements.
A. Self-Regulatory Organization's Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule Change
1. Purpose
In June 2020 Nasdaq submitted a proposed rule change for immediate
effectiveness with the Commission for the listing and trading, or
trading pursuant to unlisted trading privileges, of Proxy Portfolio
Shares under Nasdaq Rule 5750 (``Proxy Portfolio Shares''), the rule
governing the listing and trading of Proxy Portfolio Shares on the
Exchange.\3\ In February 2021 Nasdaq filed a proposed rule change for
immediate effectiveness to list and trade shares of the Fund under
Nasdaq Rule 5750 (``ALPS Fund Filing'').\4\ Subsequently, the
Commission approved a filing to amend Nasdaq Rule 5750 (``Custom
Baskets Filing'') to provide for the use of ``Custom Baskets''
consistent with the exemptive relief issued pursuant to the Investment
Company Act of 1940 (the ``1940 Act'') applicable to a series of Proxy
Portfolio Shares.\5\ The Exchange filed this proposed rule change to
permit the Fund to use Custom Baskets.
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\3\ Nasdaq submitted for immediate effectiveness a proposed rule
change for Nasdaq Rule 5750 in Securities Exchange Act Release No.
89110 (June 22, 2020), 85 FR 38461 (June 26, 2020) (SR-NASDAQ-2020-
032).
\4\ See Securities Exchange Act Release No. 91062 (Feb. 4,
2021), 86 FR 8972 (Feb. 10, 2021) (SR-NASDAQ-2021-005).
\5\ See Securities Exchange Act Release No. 93277 (Oct. 8,
2021), 86 FR 57227 (Oct. 14, 2021) (SR-NASDAQ-2021-065); see also
Securities Exchange Act Release No. 92790 (Aug. 27, 2021), 86 FR
49357 (Sept. 2, 2021) (SR-NASDAQ-2021-065); see also Investment
Company Act Release No. 34194 (Feb. 10, 2021) (notice); see also
Investment Company Act Release No. 34221 (March 9, 2021) (order).
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As set forth in the ALPS Fund Filing, the Fund is an actively-
managed exchange-traded fund. The Shares are offered by the Trust,
which was established as a Delaware statutory trust on September 13,
2007. The Commission issued an order, upon which the Trust may rely,
granting certain exemptive relief under the 1940 Act.\6\ The Trust,
which is registered with the Commission as an investment company under
the 1940 Act, has filed a registration statement on Form N-1A
(``Registration Statement'') relating to the Fund with the
Commission.\7\ The Fund is a series of the Trust.
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\6\ See ALPS ETF Trust, et al., Investment Company Act Release
No. 34149 (Dec. 22, 2020) (notice); see also Investment Company Act
Release No. 34181 (Jan. 21, 2021) (order); see also Investment
Company Act Release No. 34194 (Feb. 10, 2021) (notice); see also
Investment Company Act Release No. 34221 (March 9, 2021) (order).
\7\ The Registration Statement, as amended to date, is available
on the Commission's website: <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/0001414040/000139834422006698/fp0074021_485bpos-ixbrl.htm">https://www.sec.gov/ix?doc=/Archives/edgar/data/0001414040/000139834422006698/fp0074021_485bpos-ixbrl.htm</a>.
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The Shares are currently listed and traded on the Exchange and the
proposed rule change updates certain representations made in the ALPS
Fund Filing to incorporate the necessary additional representations in
the Custom Baskets Filing to permit the Fund to avail itself of the use
of Custom Baskets.
The ALPS Fund Filing currently says that the names and quantities
of the instruments that constitute the basket of securities for
creations and redemptions will be the same as the Fund's Proxy Basket,
except to the extent purchases and redemptions are made entirely or in
part on a cash basis. The representation adds that in the event that
the value of the Proxy Basket is not the same as the Fund's net asset
value (``NAV''), the creation and redemption baskets will consist of
the securities included in the Proxy Basket plus or minus an amount of
cash equal to the difference between the NAV and the value of the Proxy
Basket, as described in more detail in the ALPS Fund Filing (the
representations referred to in this paragraph are collectively referred
to hereafter as the ``Names and Quantities Rep'').
This Names and Quantities Rep will be updated to take into account
that the Custom Baskets Filing adopted subparagraph (c)(6) under Nasdaq
Rule 5750 (Definitions), which defines ``Custom Basket,'' for the
purposes of Nasdaq Rule 5750. The issuer represents that for the
purposes of this rule, the term ``Custom Basket'' means a portfolio of
securities that is different from the Proxy Basket and is otherwise
consistent with the exemptive relief issued pursuant to the Investment
Company Act of 1940 applicable to a series of Proxy Portfolio Shares.
The ALPS Fund Filing also says the Exchange will obtain a
representation from the issuer of the shares of the Fund that the NAV
per share of the Fund will be calculated daily and will be made
available to all market participants at the same time. This
representation will be updated to comply with the Custom Baskets
Filing's initial listing requirement and as reflected in Nasdaq Rule
5750(d)(1)(B). The issuer represents that (i) the NAV per share for the
Fund will be calculated daily, (ii) each of the following will be made
available to all market participants at the same time when disclosed:
the NAV, the Proxy Basket, and the Fund Portfolio, and (iii) the issuer
and any person acting on behalf of the series of Proxy Portfolio Shares
will comply with Regulation Fair Disclosure under the Securities
Exchange Act of 1934,\8\ including with respect to any Custom Basket.
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\8\ 17 CFR 243.100-243.103. Regulation Fair Disclosure provides
that whenever an issuer, or any person acting on its behalf,
discloses material nonpublic information regarding that issuer or
its securities to certain individuals or entities--generally,
securities market professionals, such as stock analysts, or holders
of the issuer's securities who may well trade on the basis of the
information--the issuer must make public disclosure of that
information.
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The issuer represents that it will update the representation in the
ALPS Fund Filing to reflect Nasdaq Rule 5750(b)(5), as amended by the
Custom Basket filing, to take into account Custom Baskets.
Specifically, the issuer represents that if the investment adviser to
the Investment Company issuing Proxy Portfolio Shares is registered as
a broker-dealer or is affiliated with a broker-dealer, such investment
adviser will erect and maintain a ``fire wall'' between the investment
adviser and personnel of the broker-dealer or broker-dealer affiliate,
as applicable, with respect to access to information concerning the
composition of and/or changes to the Fund Portfolio, the Proxy Basket,
and/or Custom Basket, as applicable. Any person related to the
investment adviser or Investment
[[Page 36349]]
Company who makes decisions pertaining to the Investment Company's Fund
Portfolio, the Proxy Basket, and/or Custom Basket, as applicable, or
has access to nonpublic information regarding the Fund Portfolio, the
Proxy Basket, and/or Custom Basket, as applicable, or changes thereto
must be subject to procedures designed to prevent the use and
dissemination of material nonpublic information regarding the Fund
Portfolio and/or the Proxy Basket, and/or Custom Basket, as applicable,
or changes thereto.
Under the ALPS Fund Filing, the issuer represents that it will
continue to comply with all aspects of the listing rule and
additionally will comply with the revised listing rule, Nasdaq Rule
5750(d)(2)(A), as amended by the Custom Baskets Filing, to provide that
with respect to each Custom Basket utilized by a series of Proxy
Portfolio Shares, each business day, before the opening of trading in
the regular market session, the investment company shall make publicly
available on its website the composition of any Custom Basket
transacted on the previous business day, except a Custom Basket that
differs from the applicable Proxy Basket only with respect to cash.
The Custom Baskets Filing added ``Custom Basket'' to the non-
exclusive list of information relating to Proxy Portfolio Shares that a
Reporting Authority calculates and reports, i.e., including, but not
limited to, the Proxy Basket; the Fund Portfolio; the amount of any
cash distribution to holders of Proxy Portfolio Shares, net asset
value, or other information relating to the issuance, redemption or
trading of Proxy Portfolio Shares. The issuer represents that it will
comply with this and the Custom Baskets Filing's additional requirement
in Nasdaq Rule 5750(b)(6). Thus, the issuer represents that any person
or entity, including a custodian, Reporting Authority, distributor, or
administrator, who has access to nonpublic information regarding the
Fund Portfolio, the Proxy Basket, or the Custom Basket, as applicable,
or changes thereto, must be subject to procedures designed to prevent
the use and dissemination of material nonpublic information regarding
the applicable Fund Portfolio, the Proxy Basket, or the Custom Basket,
as applicable, or changes thereto. Moreover, if any such person or
entity is registered as a broker-dealer or affiliated with a broker-
dealer, such person or entity will erect and maintain a ``fire wall''
between the person or entity and the broker-dealer with respect to
access to information concerning the composition and/or changes to such
Fund Portfolio, Proxy Basket, or the Custom Basket, as applicable.
The adviser/sub-adviser firewall representation in the ALPS Fund
Filing is being updated to reflect Custom Baskets and will now state
that in the event (a) the Adviser or any sub adviser registers as a
broker dealer, or becomes newly affiliated with a broker dealer, or (b)
any new adviser or sub adviser is a registered broker dealer or becomes
affiliated with another broker dealer, it will implement and will
maintain a fire wall with respect to its relevant personnel and/or such
broker dealer affiliate, as applicable, regarding access to information
concerning the composition and/or changes to the Fund's Portfolio, the
Proxy Basket, and/or the Custom Basket, as applicable, and will be
subject to procedures designed to prevent the use and dissemination of
material nonpublic information regarding the Fund's Portfolio, the
Proxy Basket, and/or the Custom Basket, as applicable.
The Fund will comply with the above-described conditions and with
the Proxy Portfolio Shares listing rule Nasdaq Rule 5750, as amended,
to provide for the use of Custom Baskets consistent with the exemptive
relief issued pursuant to the Investment Company Act of 1940 \9\
applicable to a series of Proxy Portfolio Shares. Otherwise, the
listing and trading rules, including all representations made in the
ALPS Fund Filing, will remain unchanged and will continue to comply
with Nasdaq Rule 5750.
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\9\ 15 U.S.C. 80a et seq.
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2. Statutory Basis
Nasdaq believes that the proposal is consistent with Section 6(b)
of the Act in general and Section 6(b)(5) of the Act, in particular, in
that it is designed to prevent fraudulent and manipulative acts and
practices, to promote just and equitable principles of trade, to foster
cooperation and coordination with persons engaged in facilitating
transactions in securities, and to remove impediments to and perfect
the mechanism of a free and open market and, in general, to protect
investors and the public interest.
The Exchange believes that proposed rule change to update certain
representations made in the ALPS Fund Filing to incorporate the
necessary additional representations in the Custom Baskets Filing to
permit the Fund to use Custom Baskets will perfect the mechanism of a
free and open market and, in general, to protect investors and the
public interest in that it will permit use of Custom Baskets by the
Fund, and is consistent with the applicable exemptive relief, in a
manner that will benefit investors by increasing efficiencies in the
creation and redemption process. More specifically, Custom Baskets will
provide flexibility in portfolio construction that may assist in
reducing taxable capital gains distributions for investors and may
generally improve tax efficiencies. Further, the use of Custom Baskets,
to the extent permitted by the Fund's exemptive relief, may also result
in narrower bid/ask spreads and smaller premiums and discounts to the
NAV for Proxy Portfolio Shares to the extent that the Fund utilizes
Custom Baskets with fewer securities which may, in turn, allow
authorized participants to more efficiently hedge and participate
generally in the Proxy Portfolio Shares. In addition to this, the
flexibility provided in the creation of Custom Baskets may serve to
increase competition between the issuer of the Shares and other
issuers. The Exchange believes the proposed rule change will enhance
competition among market participants overall, to the benefit of
investors and the marketplace.
The Exchange also believes that updating the Names and Quantities
Rep in the ALPS Fund Filing to take into account that the Custom
Baskets Filing adopted subparagraph (c)(6) under Nasdaq Rule 5750
(Definitions), which defines ``Custom Basket,'' for the purposes of
Nasdaq Rule 5750, to mean a portfolio of securities that is different
from the Proxy Basket and is otherwise consistent with the exemptive
relief issued pursuant to the 1940 Act applicable to a series of Proxy
Portfolio Shares, will remove impediments to and perfects the mechanism
of a free and open market and, in general, protects investors and the
public interest.
Additionally, the Exchange believes that updating the current
representation in the ALPS Fund Filing that says the Exchange will
obtain a representation from the issuer of the Shares of the Fund that
the NAV per share of the Fund will be calculated daily and will be made
available to all market participants at the same time, to provide that
the Exchange will also obtain a representation from the issuer of each
series of Proxy Portfolio Shares that the issuer and any person acting
on behalf of the series of Proxy Portfolio Shares will comply with
Regulation Fair Disclosure under the Securities Exchange Act of 1934,
including with respect to any Custom Basket,\10\ will be
[[Page 36350]]
to the benefit of the investing public and market participants.
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\10\ See Nasdaq Rule 5750(d)(1)(B).
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Nasdaq believes that having the issuer update its representation in
the ALPS Fund Filing to reflect Nasdaq Rule 5750(b)(5), as amended by
the Custom Basket filing, to take into account Custom Baskets is
designed to prevent fraudulent and manipulative acts and practices by
acting as a safeguard against any misuse and improper dissemination of
nonpublic information related to the Fund's Custom Basket or changes
thereto.
The Exchange also believes that updating the current representation
under the ALPS Fund Filing will continue to comply with all aspects of
the listing rule and additionally will comply with the revised listing
rule, Nasdaq Rule 5750(d)(2)(A), as amended by the Custom Baskets
Filing, to provide that with respect to each Custom Basket utilized by
a series of Proxy Portfolio Shares, each business day, before the
opening of trading in the regular market session, the investment
company shall make publicly available on its website the composition of
any Custom Basket transacted on the previous business day, except a
Custom Basket that differs from the applicable Proxy Basket only with
respect to cash, will remove impediments to and perfect the mechanism
of a free and open market and, in general, protect investors and the
public interest.
Additionally, the Exchange believes that in accordance with the
Custom Baskets Filing that added ``Custom Basket'' to the non-exclusive
list of information relating to Proxy Portfolio Shares that a Reporting
Authority calculates and reports, that updating the representation to
include the issuer representing the Custom Baskets Filing's additional
requirement set forth in Nasdaq Rule 5750(b)(6) that says any person or
entity, including a custodian, Reporting Authority, distributor, or
administrator, who has access to nonpublic information regarding the
Fund Portfolio, the Proxy Basket, or the Custom Basket, as applicable,
or changes thereto, must be subject to procedures designed to prevent
the use and dissemination of material nonpublic information regarding
the applicable Fund Portfolio, the Proxy Basket, or the Custom Basket,
as applicable, or changes thereto, will remove impediments to and
perfect the mechanism of a free and open market and, in general, to
protect investors and the public interest. Nasdaq also believes that
the issuer updating its representation to include that if any such
person or entity is registered as a broker-dealer or affiliated with a
broker-dealer, such person or entity will erect and maintain a ``fire
wall'' between the person or entity and the broker-dealer with respect
to access to information concerning the composition and/or changes to
such Fund Portfolio, Proxy Basket, or Custom Basket, as applicable,
will remove impediments to and perfect the mechanism of a free and open
market and, in general, protect investors and the public interest.
The Exchange also believes that updating the current adviser/sub-
adviser firewall representation under the ALPS Fund Filing to reflect
Custom Baskets and to now state that in the event (a) the Adviser or
any sub adviser registers as a broker dealer, or becomes newly
affiliated with a broker dealer, or (b) any new adviser or sub adviser
is a registered broker dealer or becomes affiliated with another broker
dealer, it will implement and will maintain a fire wall with respect to
its relevant personnel and/or such broker dealer affiliate, as
applicable, regarding access to information concerning the composition
and/or changes to the Fund's Portfolio, the Proxy Basket, and/or the
Custom Basket, as applicable, and will be subject to procedures
designed to prevent the use and dissemination of material nonpublic
information regarding the Fund's Portfolio, the Proxy Basket, and/or
the Custom Basket, as applicable, will remove impediments to and
perfect the mechanism of a free and open market and, in general,
protect investors and the public interest.
For the above reasons, the Exchange believes that the proposed rule
change is consistent with the requirements of Section 6(b)(5) of the
Act.
B. Self-Regulatory Organization's Statement on Burden on Competition
The Exchange does not believe that the proposed rule change will
impose any burden on competition that is not necessary or appropriate
in furtherance of the purposes of the Act. The Exchange believes the
proposed rule change, by permitting the use of Custom Baskets by the
Fund, is consistent with the Fund's exemptive relief and would be to
the benefit of investors and the marketplace.
C. Self-Regulatory Organization's Statement on Comments on the Proposed
Rule Change Received From Members, Participants, or Others
No written comments were either solicited or received.
III. Date of Effectiveness of the Proposed Rule Change and Timing for
Commission Action
Because the foregoing proposed rule change does not: (i)
significantly affect the protection of investors or the public
interest; (ii) impose any significant burden on competition; and (iii)
become operative for 30 days from the date on which it was filed, or
such shorter time as the Commission may designate, it has become
effective pursuant to Section 19(b)(3)(A)(iii) of the Act \11\ and
subparagraph (f)(6) of Rule 19b-4 thereunder.\12\
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\11\ 15 U.S.C. 78s(b)(3)(A)(iii).
\12\ 17 CFR 240.19b-4(f)(6). In addition, Rule 19b-4(f)(6)
requires the Exchange to give the Commission written notice of its
intent to file the proposed rule change, along with a brief
description and text of the proposed rule change, at least five
business days prior to the date of filing of the proposed rule
change, or such shorter time as designated by the Commission. The
Exchange has satisfied this requirement.
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A proposed rule change filed under Rule 19b-4(f)(6) \13\ normally
does not become operative prior to 30 days after the date of the
filing. However, pursuant to Rule 19b-4(f)(6)(iii),\14\ the Commission
may designate a shorter time if such action is consistent with the
protection of investors and the public interest. The Exchange has asked
the Commission to waive the 30-day operative delay so that the proposed
rule change may take effect upon filing. The Commission notes that the
Exchange represents that the Fund will comply with all representations
stated herein, in particular, regarding its use of Custom Baskets,
consistent with Nasdaq Rule 5750, as amended by the Custom Baskets
Filing.\15\ In addition, the Exchange represents that all other
representations made in the ALPS Fund Filing remain unchanged, and the
Fund will continue to comply with Nasdaq Rule 5750, as amended. The
Commission believes that waiver of the 30-day operative delay is
consistent with the protection of investors and the public interest
because the proposed rule change does not raise any new or novel
issues.\16\ Accordingly, the Commission waives the 30-day operative
delay and designates the proposal operative upon filing.\17\
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\13\ 17 CFR 240.19b-4(f)(6).
\14\ 17 CFR 240.19b-4(f)(6)(iii).
\15\ See supra note 5.
\16\ See id. See also Securities Exchange Act No. 93546
(November 9, 2021) 86 FR 63429 (November 16, 2021) (SR-CboeBZX-2021-
075) (Notice of Filing and Immediate Effectiveness of a Proposed
Rule Change to Reflect a Modification to the Permitted Components of
the Tracking Baskets of the Invesco Real Assets ESG ETF and Invesco
US Large Cap Core ESG ETF).
\17\ For purposes only of waiving the 30-day operative delay,
the Commission has considered the proposed rule's impact on
efficiency, competition, and capital formation. See 15 U.S.C.
78c(f).
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[[Page 36351]]
At any time within 60 days of the filing of such proposed rule
change, the Commission summarily may temporarily suspend such rule
change if it appears to the Commission that such action is necessary or
appropriate in the public interest, for the protection of investors, or
otherwise in furtherance of the purposes of the Act.
IV. Solicitation of Comments
Interested persons are invited to submit written data, views and
arguments concerning the foregoing, including whether the proposed rule
change is consistent with the Act. Comments may be submitted by any of
the following methods:
Electronic Comments
<bullet> Use the Commission's internet comment form (<a href="http://www.sec.gov/rules/sro.shtml">http://www.sec.gov/rules/sro.shtml</a>); or
<bullet> Send an email to <a href="/cdn-cgi/l/email-protection#1b696e777e36787476767e756f685b687e78357c746d"><span class="__cf_email__" data-cfemail="285a5d444d054b4745454d465c5b685b4d4b064f475e">[email protected]</span></a>. Please include
File Number SR-NASDAQ-2022-035 on the subject line.
Paper Comments
<bullet> 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-NASDAQ-2022-035. 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 internet website (<a href="http://www.sec.gov/rules/sro.shtml">http://www.sec.gov/rules/sro.shtml</a>).
Copies of the submission, all subsequent amendments, all written
statements with respect to the proposed rule change that are filed with
the Commission, and all written communications relating to the proposed
rule change 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 inspection
and copying at the principal office of the Exchange. 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-NASDAQ-2022-035 and should be submitted
on or before July 7, 2022.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\18\
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\18\ 17 CFR 200.30-3(a)(12).
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J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2022-12943 Filed 6-15-22; 8:45 am]
BILLING CODE 8011-01-P
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