Notice2023-05036
Self-Regulatory Organizations; NYSE Chicago, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Section FIFTH of Its Certificate of Incorporation
Primary source
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Published
March 13, 2023
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 88 Issue 48 (Monday, March 13, 2023)</title>
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[Federal Register Volume 88, Number 48 (Monday, March 13, 2023)]
[Notices]
[Pages 15488-15492]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-05036]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-97056; File No. SR-NYSECHX-2023-10]
Self-Regulatory Organizations; NYSE Chicago, Inc.; Notice of
Filing and Immediate Effectiveness of Proposed Rule Change To Amend
Section FIFTH of Its Certificate of Incorporation
March 7, 2023.
Pursuant to Section 19(b)(1) \1\ of the Securities Exchange Act of
1934 (the ``Act'') \2\ and Rule 19b-4 thereunder,\3\ notice is hereby
given that, on February 23, 2023, the NYSE Chicago, Inc. (``NYSE
Chicago'' or the ``Exchange'') filed with the Securities and Exchange
Commission (the ``Commission'') the proposed rule change as described
in Items I and II below, which Items have been prepared by the
Exchange. The Commission is publishing this notice to solicit comments
on the proposed rule change from interested persons.
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\1\ 15 U.S.C. 78s(b)(1).
\2\ 15 U.S.C. 78a.
\3\ 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 (a) amend Section FIFTH of its certificate
of incorporation to provide that the board of directors of its ultimate
parent or that board's compensation committee may fix the compensation
of the board of directors of the Exchange, and (b) make certain
clarifying, technical and conforming changes to the certificate of
incorporation. The proposed rule change is available on the Exchange's
website at <a href="http://www.nyse.com">www.nyse.com</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 self-regulatory organization
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 those 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 parts of such statements.
A. Self-Regulatory Organization's Statement of the Purpose of, and the
Statutory Basis for, the Proposed Rule Change
1. Purpose
The Exchange proposes to (a) amend Section FIFTH of the Second
Amended and Restated Certificate of Incorporation of the Exchange
(``Certificate'') to provide that the board of directors of its
ultimate parent, Intercontinental Exchange, Inc. (``ICE,'' and its
board of directors, the ``ICE Board''), or the compensation committee
of the ICE Board (the ``ICE Compensation Committee'') may fix the
compensation of the Board of Directors of the Exchange (the ``Exchange
Board''), and (b) make certain clarifying, technical and conforming
changes to the Certificate.
The changes described herein would become operative upon the
Certificate becoming effective pursuant to its filing with the
Secretary of State of the State of Delaware.
Proposed Amendment to Section FIFTH
Currently, the sole stockholder of the Exchange, NYSE Chicago
Holdings, Inc.
[[Page 15489]]
(``NYSE Chicago Holdings''), has the authority to fix the compensation
of all directors for services to the Exchange.\4\ The Exchange is
wholly owned by NYSE Chicago Holdings, which is wholly owned by NYSE
Group, Inc. (``NYSE Group''). NYSE Group is wholly owned by NYSE
Holdings LLC, which is a wholly owned subsidiary of Intercontinental
Exchange Holdings, Inc. Intercontinental Exchange Holdings, Inc. is in
turn wholly owned by ICE, a public company listed on the New York Stock
Exchange LLC (``NYSE'').\5\
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\4\ See Section FIFTH(c) of the Certificate.
\5\ See Exchange Act Release No. 83635 (July 13, 2018), 83 FR
34182 (July 19, 2018) (SR-CHX-2018-004) (Notice of Filing of
Amendment Nos. 2 and 3 and Order Granting Accelerated Approval of a
Proposed Rule Change, as Modified by Amendments Nos. 1, 2, and 3
Thereto, in Connection With a Proposed Transaction Involving CHX
Holdings, Inc. and the Intercontinental Exchange, Inc.).
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The proposed change would move the responsibility to fix Exchange
director compensation from NYSE Chicago Holdings to the ICE Board or
the ICE Compensation Committee. To do so, the Exchange proposes
amending Section FIFTH of the Certificate as follows:
<bullet> The Exchange proposes to add the following sentence to the
end of Section FIFTH(a):
Notwithstanding anything herein to the contrary, as set forth
below, the Board of Directors of Intercontinental Exchange, Inc.
(``ICE'') or the compensation committee thereof shall have the
authority to fix the compensation of directors of the Corporation.
<bullet> The Exchange proposes to amend Section FIFTH(c) to read as
follows (proposed additions italicized, proposed deletions in
brackets):
(c) Compensation. The Board of Directors of ICE or the compensation
committee thereof shall have the authority to fix the compensation of
directors of the Corporation. The directors of the Corporation may be
paid their expenses, if any, of attendance at each meeting of the Board
of Directors of the Corporation and may be paid a fixed sum for
attendance at each meeting of the Board of Directors of the Corporation
or a stated salary as director (which amounts may be paid in cash or
such other form as the Board of Directors of ICE or the compensation
committee thereof may from time to time authorize). No such payment
shall preclude any director from serving the Corporation in any other
capacity and receiving compensation therefor. [The stockholder shall
have authority to fix compensation of all directors for services to the
Corporation as directors, officers or otherwise.]
As a result of the proposed change, compensation for Exchange Board
members would be fixed by a body that is required to have at least a
majority of its members be independent. Currently, the board of
directors of NYSE Chicago Holdings is not required to be
independent.\6\
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\6\ See id. CHX Holdings, Inc. changed its name to NYSE Chicago
Holdings, Inc. See Exchange Act Release No. 84494 (October 26,
2018), 83 FR 54953 (November 1, 2018) (SR-CHX-2018-05) (Notice of
Filing and Immediate Effectiveness of Proposed Rule Change To
Reflect Name Changes of the Exchange and its Direct Parent Company
and To Amend Certain Corporate Governance Provisions).
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If the ICE Board fixed the compensation of the Exchange Board, the
decision would be made by a body that was required to have at least a
majority of its members be independent.\7\ The requirement is in
accordance with NYSE listing requirements, which require that listed
companies have a majority of independent directors.\8\
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\7\ See Securities Exchange Act Release No. 70210 (August 15,
2013), 78 FR 51758 (August 21, 2013) (SR-NYSE- 2013-42; SR-NYSEMKT-
2013-50; SR- NYSEArca-2013-62) (Order Granting Approval of Proposed
Rule Change Relating to a Corporate Transaction in which NYSE
Euronext Will Become a Wholly-Owned Subsidiary of
IntercontinentalExchange Group, Inc.). IntercontinentalExchange
Group, Inc., subsequently changed its name to
IntercontinentalExchange, Inc. See Exchange Act Release No. 72158
(May 13, 2014), 79 FR 28784 (May 19, 2014) (SR-NYSE-2014-23) (Notice
of Filing and Immediate Effectiveness of Proposed Rule Change
Relating to Name Changes of Its Ultimate Parent,
IntercontinentalExchange Group, Inc., and Its Indirect Parents,
IntercontinentalExchange, Inc. and NYSE Euronext Holdings LLC). The
ICE Board is subject to the requirements of the Independence Policy
of the Board of Directors of Intercontinental Exchange, Inc.,
available at <a href="https://s2.q4cdn.com/154085107/files/doc_downloads/governance_docs/ICE-Independence-Policy.pdf">https://s2.q4cdn.com/154085107/files/doc_downloads/governance_docs/ICE-Independence-Policy.pdf</a>. The bylaws of ICE
require that the members of the ICE Board take into consideration
the effect that ICE's actions would have on the ability of the
Exchange to carry out its responsibility under Exchange Act. See the
Ninth Amended and Restated Bylaws of Intercontinental Exchange, Inc.
(``ICE Bylaws''), Article III, Section 3.14. The ICE Bylaws are
available at <a href="https://s2.q4cdn.com/154085107/files/doc_downloads/governance_docs/2022/ICE-Ninth-Amended-and-Restated-Bylaws.pdf">https://s2.q4cdn.com/154085107/files/doc_downloads/governance_docs/2022/ICE-Ninth-Amended-and-Restated-Bylaws.pdf</a>.
\8\ See NYSE Listed Company Manual Sections 303A.01 (Independent
Directors) and 303A.02(a)(ii) (Independence Tests), and ICE Bylaws,
Article III, Section 3.4.
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If the ICE Compensation Committee fixed the Exchange Board
compensation,\9\ compensation decisions would be made by a body that is
made up of independent members. As a company listed on the NYSE, ICE is
required to have a compensation committee that is composed entirely of
independent directors that satisfy the additional independence
requirements specific to compensation committee members.\10\
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\9\ Pursuant to its Charter, the Compensation Committee of the
ICE Board is charged with, among other things, reviewing and
approving compensation for the members of the board of directors of
any ICE subsidiary, which includes the Exchange. See Charter of the
Compensation Committee of the Board of Directors of ICE, at <a href="https://s2.q4cdn.com/154085107/files/doc_downloads/governance_docs/2022/Intercontinental-Exchange-Inc.-Compensation-Committee-Charter-March-3-2022.pdf">https://s2.q4cdn.com/154085107/files/doc_downloads/governance_docs/2022/Intercontinental-Exchange-Inc.-Compensation-Committee-Charter-March-3-2022.pdf</a>. See also NYSE Listed Company Manual Section 303A.05(b).
\10\ See NYSE Listed Company Manual Section 303A.05(a)
(Compensation Committee). See also NYSE Listed Company Manual
Section 303A.02(a)(ii) and ICE annual report on Form 10-K for the
fiscal year ended December 31, 2021, at 19, available at <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/1571949/000157194922000006/ice-20211231.htm">https://www.sec.gov/ix?doc=/Archives/edgar/data/1571949/000157194922000006/ice-20211231.htm</a>.
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The proposed rule text is more comprehensive than the provision it
would replace, since it would provide that directors may be paid their
expenses for attending board meetings and that they may receive
compensation on a per-meeting basis or as a salary, clarify the form of
compensation that may be granted, and note that the payment does not
preclude a director from serving the Exchange in another capacity.\11\
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\11\ The provision would be consistent with Article II, Section
14 of the Second Amended and Restated Bylaws of NYSE Chicago, Inc.,
which states that ``[t]he directors may be paid their reasonable
expenses, if any, of attendance at each meeting of the Board of
Directors and at each meeting of a committee of the Board of
Directors of which they are members.'' Under the Delaware General
Corporation Law (``DGCL''), the terms of the certificate of
incorporation of a corporation supersede any inconsistent bylaw
provisions. See DGCL Section 109(b); see also Sinchareonkul v.
Fahnemann, 2015 WL 292314, at *6 (Del.Ch., 2015) (stating that
(``[w]hen evaluating corporate action for legal compliance, a court
examines whether the action contravenes the entity-specific
corporate contract. The components of that contract form a
hierarchy, comprising from top to bottom (i) the Delaware General
Corporation Law (the `DGCL'), (ii) the certificate of incorporation,
and (iii) the bylaws. Each of the lower components of the
contractual hierarchy must conform to the higher components.'').
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The Exchange operates as a separate self-regulatory organization
and has rules, membership rosters and listings distinct from the rules,
membership rosters and, where applicable, listings of its affiliates
the NYSE, NYSE American LLC, NYSE Arca, Inc., and NYSE National, Inc.
(collectively with the Exchange, the ``NYSE Group Exchanges''). At the
same time, however, the Exchange believes it is important for each of
the NYSE Group Exchanges to have a consistent approach to corporate
governance in certain matters, to simplify complexity and create
greater consistency among the NYSE Group Exchanges.\12\ To that end,
each of the NYSE Group Exchanges
[[Page 15490]]
is proposing a substantially similar change to its governing
documents.\13\
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\12\ See 83 FR 34182, note 5, supra.
\13\ See SR-NYSE-2023-13; SR-NYSEAmer-2023-15, SR-NYSEArca-2023-
18, and SR-NYSENat-2023-08. Presently, three different entities fix
the compensation of the boards of directors of the NYSE Group
Exchanges: NYSE Group fixes the compensation of the directors of the
NYSE, NYSE American LLC, and NYSE National, Inc.; NYSE Chicago
Holdings, Inc. fixes the compensation of the directors of NYSE
Chicago; and the board of directors of NYSE Arca, Inc. fixes its own
compensation.
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The proposed amendment is based on Article III, Section 3.13
(Compensation of Directors) of the ICE Bylaws.\14\
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\14\ See ICE Bylaws, Article III, Section 3.13.
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Additional Proposed Amendments
The Exchange proposes to make the following non-substantive
technical and conforming changes to the Certificate: \15\
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\15\ See 83 FR 34182, note 5, supra (proposing to make technical
and conforming changes throughout the to the title, recitals, and
signature page of the CHX Certificate of Incorporation and CHX
bylaws).
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<bullet> Throughout the Certificate, change ``Second Amended and
Restated Certificate of Incorporation'' to ``Third Amended and Restated
Certificate of Incorporation.''
<bullet> Throughout the Certificate, update ``Chicago Stock
Exchange, Inc.'' to ``NYSE Chicago, Inc.'' \16\
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\16\ Chicago Stock Exchange, Inc. changed its name to NYSE
Chicago, Inc. See 83 FR 54953, note 6, supra.
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<bullet> Move the definition of ``Corporation'' from the second
paragraph to the first paragraph.
<bullet> In the third paragraph, add ``Second'' in front of
``Amended and Restated Certificate of Incorporation.''
<bullet> In Sections EIGHTH and ELEVENTH, replace ``certificate of
incorporation'' with ``Third Amended and Restated Certificate of
Incorporation'' and in Section ELEVENTH, add ``Third Amended and
Restated'' before ``Certificate of Incorporation.''
<bullet> Update the date in the signature line.
2. Statutory Basis
The Exchange believes that the proposed rule change is consistent
with Section 6(b) of the Exchange Act,\17\ in general, and furthers the
objectives of Section 6(b)(1) \18\ in particular, in that it enables
the Exchange to be so organized as to have the capacity to be able to
carry out the purposes of the Exchange Act and to comply, and to
enforce compliance by its exchange members and persons associated with
its exchange members, with the provisions of the Exchange Act, the
rules and regulations thereunder, and the rules of the Exchange. The
Exchange also believes that the proposed rule change is consistent with
Section 6(b)(5) of the Exchange Act,\19\ 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, to remove impediments to and perfect the mechanism of a
free and open market and a national market system and, in general, to
protect investors and the public interest.
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\17\ 15 U.S.C. 78f(b).
\18\ 15 U.S.C. 78f(b)(1).
\19\ 15 U.S.C. 78f(b)(5).
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The Exchange believes that the proposed change would allow the
Exchange to be so organized as to have the capacity to carry out the
purposes of the Exchange Act and comply with the provisions of the
Exchange Act by its members and persons associated with members,
because the Exchange Board would no longer have its compensation fixed
by a body whose members are not subject to independence requirements.
The Exchange believes that it is more advisable to have compensation
determinations made by a body that is required to have at least a
majority of its members be independent, like the ICE Board or ICE
Compensation Committee. Otherwise, the compensation could be fixed by a
body that is made up of employees or persons related to the Exchange.
For the same reason, the Exchange believes that the change would
contribute to the orderly operation of the Exchange and would promote
the maintenance of a fair and orderly market, the protection of
investors and the protection of the public interest.
Indeed, the change would be consistent with prior practice, as when
the New York Stock Exchange, Inc. combined with Archipelago Holdings,
Inc. under NYSE Group in 2006, NYSE Group was publicly traded, required
to have an independent board of directors, and subject to an
independence policy.\20\ That changed when NYSE Group combined with
Euronext N.V. After that combination, NYSE Euronext, the publicly
traded parent company, had an independent board of directors subject to
an independence policy, and the board of directors of NYSE Group, which
became a subsidiary of NYSE Euronext, did not.\21\ When ICE acquired
NYSE Euronext, the requirement to have a majority of independent
directors moved to ICE.\22\
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\20\ See Securities Exchange Act Release No. 53382 (February 27,
2006), 71 FR 11251 (March 6, 2006) (SR-NYSE-2005-77) (Order Granting
Approval of Proposed Rule Change and Amendment Nos. 1, 3, and 5
Thereto and Notice of Filing and Order Granting Accelerated Approval
to Amendment Nos. 6 and 8 Relating to the NYSE's Business
Combination With Archipelago Holdings, Inc.). The NYSE Group was
expected to fix the compensation of the Exchange Board through a
compensation committee. Id. at 11256 (``It is expected that, upon
completion of the Merger, the NYSE Group board of directors will
have [a] . . . compensation committee'') and 11257 (``[T]he board of
directors of New York Stock Exchange LLC is not expected to have its
own committees and that any necessary functions with respect to . .
. compensation . . . will be performed by the relevant committee[ ]
of the NYSE Group board of directors''). Having ICE, a public
company, or the ICE Compensation Committee, which is required to be
made up of independent directors, fix Exchange Board compensation
would be consistent with this practice.
\21\ Securities Exchange Act Release No. 55293 (February 14,
2007), 72 FR 8033 (February 22, 2007) (SR-NYSE-2006-120) (Order
Granting Approval of Proposed Rule Change and Notice of Filing and
Order Granting Accelerated Approval to Amendment No. 1 Regarding the
Proposed Combination Between NYSE Group, Inc. and Euronext N.V.).
See also Exhibit 5E to SR-NYSE-2006-120, Section 3.2 (deleting the
independence requirements for the NYSE Group board of directors).
\22\ See supra note 7.
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The Exchange believes that, because at least a majority of the
members of the ICE Board and all of the ICE Compensation Committee must
be independent, there is no substantial likelihood of a potential
conflict of interest. Indeed, the Exchange believes that the proposal
lessens the potential for conflicts of interest by eliminating the
fixing of compensation by an entity that is not subject to any
independence requirements. Further, the governing documents of ICE
require that the members of the ICE Board take into consideration the
effect that ICE's actions--including actions by the ICE Board or ICE
Compensation Committee--would have on the ability of the Exchange ``to
carry out [its] responsibilities under the Exchange Act'' and ``to
engage in conduct that fosters and does not interfere with the ability
of the Exchange[ ] . . . to remove impediments to and perfect the
mechanisms of a free and open market in securities and a U.S. national
securities market system; and . . . to protect investors and the public
interest.'' \23\ For the foregoing reasons, the Exchange believes that
the proposed change would allow the Exchange to be so organized as to
have the capacity to carry out the purposes of the Exchange Act and
comply with the provisions of the Exchange Act by its members and
persons associated with members, and
[[Page 15491]]
would contribute to the orderly operation of the Exchange and would
promote the maintenance of a fair and orderly market, the protection of
investors and the protection of the public interest.
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\23\ See ICE Bylaws, Article III, Section 3.14 (a). The Exchange
has adopted a rule prohibiting the listing of affiliate securities
and setting forth additional reporting requirements. See Rule 28
(Additional Requirements for Listed Securities Issued by
Intercontinental Exchange, Inc. or its Affiliates).
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Moreover, the Exchange believes that the proposal would promote
greater consistency in the compensation philosophy and director
compensation structure across affiliated exchanges, thereby promoting
the maintenance of a fair and orderly markets, the protection of
investors and the public interest. As noted above, the other NYSE Group
Exchanges are filing similar proposed changes to their governing
documents. By locating the authority to fix compensation in the hands
of the ICE Board or the ICE Compensation Committee, the proposed change
would permit compensation for each board of directors of an NYSE Group
Exchange to be set centrally and with greater uniformity and
consistency across affiliated exchanges. The Exchange believes that
such conformity would streamline the NYSE Group Exchanges' corporate
processes and create more equivalent compensation processes among them,
to the benefit of both investors and the public interest. The proposal
also reflects the fact that, no matter the size or role of the relevant
NYSE Group Exchange, every NYSE Group Exchange board of directors must
manage its business while considering the government of the exchange as
an ``exchange'' within the meaning of the Exchange Act.\24\
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\24\ See Second Amended and Restated Bylaws of NYSE Chicago,
Inc., Article II, Section 1 (Powers) and Article IX, Section 1
(Management of the Corporation); Thirteenth Amended and Restated
Operating Agreement of NYSE, Article II, Section 2.03(k); Twelfth
Amended and Restated Operating Agreement of NYSE American, Inc.,
Article II, Section 2.03(k) (Board); Bylaws of NYSE Arca, Inc.,
Article III, Section 3.01 (Powers); and Seventh Amended and Restated
By-laws of NYSE National, Inc., Article III, Section 3.1 (Powers)
and Article X, Section 10.1 (Management of the Exchange).
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The Exchange believes that the more comprehensive provision would
remove impediments to and perfect the mechanism of a free and open
market, as it would make the provision relating to director
compensation more comprehensive and transparent for market
participants, making it so that they can more easily navigate and
understand the governing documents. As noted, the proposed text is more
comprehensive than the provision it would replace and would set forth
additional detail regarding the compensation that directors may
receive, such as whether expenses for attending board meetings may be
paid, whether directors may receive compensation on a per-meeting basis
or as a salary, and what form of compensation may be granted, and would
clarify that payment does not preclude a director from serving the
Exchange in another capacity. The Exchange believes that the greater
additional detail would add transparency and clarity to the Exchange's
governing documents and would not be inconsistent with the public
interest and the protection of investors because investors will not be
harmed and in fact would benefit from increased transparency and
clarity, thereby reducing potential confusion.
Finally, the proposed non-substantive technical and conforming
changes would remove impediments to and perfect the mechanism of a free
and open market by ensuring that persons subject to the Exchange's
jurisdiction, regulators, and the investing public can more easily
navigate and understand the governing documents. The proposed non-
substantive amendments also would not be inconsistent with the public
interest and the protection of investors because investors will not be
harmed and in fact would benefit from increased transparency and
clarity, thereby reducing potential confusion.
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 Exchange Act. The proposed rule
change is not intended to address competitive issues but rather is
concerned solely with the corporate governance of the Exchange.
C. Self-Regulatory Organization's Statement on Comments on the Proposed
Rule Change Received From Members, Participants, or Others
No written comments were solicited or received with respect to the
proposed rule change.
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) of the Act \25\ and Rule 19b-
4(f)(6) thereunder.\26\
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\25\ 15 U.S.C. 78s(b)(3)(A).
\26\ 17 CFR 240.19b-4(f)(6). In addition, Rule 19b-4(f)(6)(iii)
requires a self-regulatory organization 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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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. If the Commission
takes such action, the Commission shall institute proceedings under
Section 19(b)(2)(B) \27\ of the Act to determine whether the proposed
rule change should be approved or disapproved.
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\27\ 15 U.S.C. 78s(b)(2)(B).
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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="https://www.sec.gov/rules/sro.shtml">https://www.sec.gov/rules/sro.shtml</a>); or
<bullet> Send an email to <a href="/cdn-cgi/l/email-protection#4230372e276f212d2f2f272c3631023127216c252d34"><span class="__cf_email__" data-cfemail="a4d6d1c8c189c7cbc9c9c1cad0d7e4d7c1c78ac3cbd2">[email protected]</span></a>. Please include
File Number SR-NYSECHX-2023-10 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-NYSECHX-2023-10. 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="https://www.sec.gov/rules/sro.shtml">https://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
[[Page 15492]]
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 a.m. and 3 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-
NYSECHX-2023-10, and should be submitted on or before April 3, 2023.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\28\
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\28\ 17 CFR 200.30-3(a)(12).
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Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023-05036 Filed 3-10-23; 8:45 am]
BILLING CODE 8011-01-P
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