Notice2025-20389
Joint Industry Plan; Notice of Filing and Immediate Effectiveness of the First Amendment to the Limited Liability Company Agreement of CT Plan LLC
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 20, 2025
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 90 Issue 222 (Thursday, November 20, 2025)</title>
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[Federal Register Volume 90, Number 222 (Thursday, November 20, 2025)]
[Notices]
[Pages 52476-52477]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-20389]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-104190; File No. 4-757]
Joint Industry Plan; Notice of Filing and Immediate Effectiveness
of the First Amendment to the Limited Liability Company Agreement of CT
Plan LLC
November 17, 2025.
Pursuant to Section 11A of the Securities Exchange Act of 1934
(``Act''),\1\ and Rule 608 thereunder,\2\ notice is hereby given that
on September 26, 2025, the Members \3\ in the Limited Liability
Agreement of CT Plan LLC (``CT Plan'') filed with the Securities and
Exchange Commission (``Commission'') a proposal to amend the CT Plan.
The amendment represents the First Amendment to the CT Plan
(``Amendment''). Under the Amendment, the Members propose to add 24X
National Exchange LLC (``24X'') as a Member to the CT Plan and to
reflect that NYSE Chicago, Inc. has changed its name to NYSE Texas,
Inc.\4\
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\1\ 15 U.S.C. 78k-1(a)(3).
\2\ 17 CFR 242.608.
\3\ The Members 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 LLC,
The Nasdaq Stock Market LLC, New York Stock Exchange LLC, NYSE
American LLC, NYSE Arca, Inc., NYSE National, Inc., and NYSE Texas,
Inc.
\4\ See Letter from Jeff Kimsey, Chair, to Vanessa Countryman,
Secretary, Commission dated September 25, 2025. Exhibit A to the CT
Plan is also being modified to ensure that the Members are listed in
alphabetical order.
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The proposed Amendment has been filed by the Members pursuant to
Rule 608(b)(3)(ii) under Regulation NMS \5\ as concerned solely with
the administration of the CT Plan and as a ``Ministerial Amendment''
under Section 13.5 of the CT Plan. As a result, the Amendment can be
submitted by the Chair of the CT Plan's Operating Committee and becomes
effective upon filing.
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\5\ 17 CFR 242.608(b)(3)(ii).
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The Commission is publishing this notice to solicit comments on the
Amendment from interested persons. Set forth in Sections I and II is
the statement of the purpose and summary of the Amendment, along with
the information required by Rules 608(a) and 601(a) under the Act, as
prepared and submitted by the Members.
I. Rule 608(a)
1. Purpose of the Amendments
The above-captioned amendment adds 24X as a Participant to the CT
Plan. The amendment also reflects that NYSE Chicago, Inc. changed its
name to NYSE Texas, Inc.
2. Governing or Constituent Documents
Not applicable.
3. Implementation of Amendments
Because the amendment constitutes a ``Ministerial Amendment'' under
Section 13.5 of the CT Plan, the Chair of the CT Plan's Operating
Committee may submit the amendment to the Commission on behalf of the
Members in the CT Plan. Because the Members designate the amendment as
concerned solely with the administration of the CT Plan, the amendment
becomes effective upon filing with the Commission.
4. Development and Implementation Phases
Not applicable.
5. Analysis of Impact on Competition
The amendment does not impose any burden on competition because it
simply adds 24X as a Member to the CT Plan and reflects changes to the
name of a Member. 24X has completed the required steps to be added to
the CT Plan.
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.
[[Page 52477]]
II. Rule 601(a)
1. Equity Securities and Nasdaq 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
Amendment 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#344641585119575b5959515a4047744751571a535b42"><span class="__cf_email__" data-cfemail="a9dbdcc5cc84cac6c4c4ccc7dddae9daccca87cec6df">[email protected]</span></a>. Please include
file number 4-757 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 4-757. 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 filing will be available for inspection and copying at
the principal offices of the Members. 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 4-757 and should be submitted on or before
December 11, 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. 2025-20389 Filed 11-19-25; 8:45 am]
BILLING CODE 8011-01-P
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