Notice2025-09260
Consolidated Tape Association; Notice of Filing and Immediate Effectiveness of the Twenty-Eighth Amendment to the Second Restatement of the CTA Plan and Twenty-Ninth Amendment to the Restated CQ Plan
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
May 23, 2025
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 90 Issue 99 (Friday, May 23, 2025)</title>
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[Federal Register Volume 90, Number 99 (Friday, May 23, 2025)]
[Notices]
[Pages 22128-22130]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-09260]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-103069; File No. SR-CTA/CQ-2025-01]
Consolidated Tape Association; Notice of Filing and Immediate
Effectiveness of the Twenty-Eighth Amendment to the Second Restatement
of the CTA Plan and Twenty-Ninth Amendment to the Restated CQ Plan
May 19, 2025.
Pursuant to Section 11A of the Securities Exchange Act of 1934
[[Page 22129]]
(``Act''),\1\ and Rule 608 thereunder,\2\ notice is hereby given that
on May 4, 2025, the Participants \3\ in the Second Restatement of the
Consolidated Tape Association (``CTA'') Plan and the Restated
Consolidated Quotation (``CQ'') Plan (``CTA/CQ Plans'' or ``Plans'')
filed with the Securities and Exchange Commission (``Commission'') a
proposal to amend the Plans. The amendments represent the Twenty-Eighth
Amendment to the Second Restatement to the CTA Plan and Twenty-Ninth
Amendment to the Restated CQ Plan (``Amendments''). Under the
Amendments, the Participants propose to amend the Plans to reflect that
NYSE Chicago, Inc., has changed its name to NYSE Texas, Inc. and to
make changes to certain names and address of other exchanges.\4\
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\1\ 15 U.S.C. 78k-1(a)(3).
\2\ 17 CFR 242.608.
\3\ 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.,
Investors' Exchange LLC, Long Term Stock Exchange, Inc., MEMX LLC,
MIAX PEARL, 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.
\4\ See Letter from Jeff Kimsey, Chair, to Vanessa Countryman,
Secretary, Commission dated May 4, 2025. In addition to the change
to reflect the name change of NYSE Chicago, Inc. to NYSE Texas,
Inc., the Participants also propose to make changes to reflect the
past name changes of AMEX to NYSE American and of NSX to NYSE
National, as well as to update the address of NYSE National.
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The proposed Amendments have been filed by the Participants
pursuant to Rule 608(b)(3)(ii) under Regulation NMS \5\ as concerned
solely with the administration of the Plans and as ``Ministerial
Amendments'' under both Section IV(b) of the CTA Plan and Section IV(c)
of the CQ Plan. As a result, the Amendments can be submitted by the
Chairman of the Plans' Operating Committee and become effective upon
filing.
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\5\ 17 CFR 241.608(b)(2).
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The Commission is publishing this notice to solicit comments on the
Amendments from interested persons. Set forth in Sections I and II is
the statement of the purpose and summary of the Amendments, along with
the information required by Rules 608(a) and 601(a) under the Act, as
prepared and submitted by the Participants.
I. Rule 608(a)
1. Purpose of the Amendment
The above-captioned amendments effectuate a change to reflect the
new name of NYSE Chicago, Inc.: NYSE Texas, Inc. The amendment also
makes some changes to certain names of other exchanges.
2. Governing or Constituent Documents
Not applicable.
3. Implementation of Amendment
Because the amendments constitute ``Ministerial Amendments'' under
both Section IV(b) of the CTA Plan and Section IV(c) under the CQ Plan,
the Chairman of the Plan's Operating Committee may submit the
amendments to the Commission on behalf of the Participants in the
Plans. Because the Participants designate the amendments as concerned
solely with the administration of the Plans, the amendments become
effective upon filing with the Commission.
4. Development and Implementation Phases
Not applicable.
5. Analysis of Impact on Competition
The amendments do not impose any burden on competition because they
simply effectuate changes in the names of Participants. For the same
reasons, the Participants do not believe that the amendments introduce
terms that are unreasonably discriminatory for purposes of Section
11A(c)(1)(D) of the Exchange Act.
6. Written Understanding or Agreements Relating to Interpretation of,
or Participation in, Plan
Not applicable.
7. Approval by Sponsors in Accordance With Plan
See Item 3 above.
8. Description of Operation of Facility Contemplated by the Proposed
Amendment
Not applicable.
9. Terms and Conditions of Access
Not applicable.
10. Method of Determination and Imposition, and Amount of, Fees and
Charges
Not applicable.
11. Method and Frequency of Processor Evaluation
Not applicable.
12. Dispute Resolution
Not applicable.
II. Regulation NMS Rule 601(a)
1. Equity Securities for Which Transaction Reports Shall Be Required by
the Plan
Not applicable.
2. Reporting Requirements
Not applicable.
3. Manner of Collecting, Processing, Sequencing, Making Available and
Disseminating Last Sale Information
Not applicable.
4. Manner of Consolidation
Not applicable.
5. Standards and Methods Ensuring Promptness, Accuracy and Completeness
of Transaction Reports
Not applicable.
6. Rules and Procedures Addressed to Fraudulent or Manipulative
Dissemination
Not applicable.
7. Terms of Access to Transaction Reports
Not applicable.
8. Identification of Marketplace of Execution
Not applicable.
III. Solicitation of Comments
Interested persons are invited to submit written data, views, and
arguments concerning the foregoing, including whether the proposed
Amendments are 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#b4c6c1d8d199d7dbd9d9d1dac0c7f4c7d1d79ad3dbc2"><span class="__cf_email__" data-cfemail="6c1e190009410f0301010902181f2c1f090f420b031a">[email protected]</span></a>. Please include
file number SR-CTA/CQ-2025-01 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-CTA/CQ-2025-01. 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, and all written
statements with respect to the proposed Amendments that are filed with
the Commission, and all written communications relating to the proposed
Amendments between the Commission and any person, other than
[[Page 22130]]
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 offices of the
Participants. Do not include personal identifiable information in
submissions; you should submit only information that you wish to make
available publicly. We may redact in part or withhold entirely from
publication submitted material that is obscene or subject to copyright
protection. All submissions should refer to file number SR-CTA/CQ/2025-
01 and should be submitted on or before June 13, 2025.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\6\
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\6\ 17 CFR 200.30-3(a)(85).
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Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2025-09260 Filed 5-22-25; 8:45 am]
BILLING CODE 8011-01-P
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