Federal Register / Vol. 85, No. 156 / Wednesday, August 12, 2020 / Notices 48749

(‘‘PHOTO’’) and NASDAQ Options 19(b)(3)(A) of the Act 15 and Rule 19b– file number should be included on the Trade Outline (‘‘NOTO’’), respectively. 4(f)(6) 16 thereunder. subject line if email is used. To help the PHOTO and NOTO provide The Exchange has asked the Commission process and review your substantially the same information as Commission to waive the 30-day comments more efficiently, please use that included in the proposed Intraday operative delay.17 The Commission only one method. The Commission will Open-Close Data product. Further, like finds that waiving the 30-day operative post all comments on the Commission’s the proposed product, the data is delay is consistent with the protection internet website (http://www.sec.gov/ provided to subscribers cumulatively of investors and the public interest. rules/sro.shtml). Copies of the every 10 minutes and is available to Specifically, waiver of the operative submission, all subsequent subscribers within five minutes of the delay will allow the Exchange to offer amendments, all written statements conclusion of each 10 minute period. to investors without delay an optional with respect to the proposed rule historical data product that is change that are filed with the B. Self-Regulatory Organization’s substantially similar to products offered Commission, and all written Statement on Burden on Competition by other options exchanges. The communications relating to the proposal therefore does not present any The Exchange does not believe that proposed rule change between the novel issues and, accordingly, the the proposed rule change will result in Commission and any person, other than Commission designates the proposal any burden on competition that is not those that may be withheld from the operative upon filing.18 necessary or appropriate in furtherance public in accordance with the At any time within 60 days of the of the purposes of the Act. Rather, the provisions of 5 U.S.C. 552, will be filing of the proposed rule change, the available for website viewing and Exchange believes that the proposal will Commission summarily may printing in the Commission’s Public promote competition by permitting the temporarily suspend such rule change if Reference Room, 100 F Street NE, Exchange to offer a data product similar it appears to the Commission that such Washington, DC 20549 on official to those offered by other competitor action is necessary or appropriate in the business days between the hours of options exchanges.13 The Exchange is public interest, for the protection of 10:00 a.m. and 3:00 p.m. Copies of the proposing to introduce Intraday Open- investors, or otherwise in furtherance of filing also will be available for Close Data in order to keep pace with the purposes of the Act. If the inspection and copying at the principal changes in the industry and evolving Commission takes such action, the office of the Exchange. All comments customer needs, and believes this Commission shall institute proceedings received will be posted without change; proposed rule change would contribute to determine whether the proposed rule the Commission does not edit personal to robust competition among national should be approved or disapproved. identifying information from securities exchanges. As noted, at least IV. Solicitation of Comments submissions. You should submit only two other U.S. options exchanges offer information that you wish to make a market data product that is similar to Interested persons are invited to 14 available publicly. All submissions the Intraday Open-Close Data. As a submit written data, views, and should refer to File Number SR– result, the Exchange believes this arguments concerning the foregoing, CboeBZX–2020–059 and should be proposed rule change permits fair including whether the proposed rule submitted on or before September 2, competition among national securities change is consistent with the Act. 2020. exchanges. Therefore, the Exchange Comments may be submitted by any of does not believe the proposed rule the following methods: change will result in any burden on For the Commission, by the Division of competition that is not necessary or Electronic Comments rading and Markets, pursuant to delegated authority.19 appropriate in furtherance of the • Use the Commission’s internet purposes of the Act. comment form (http://www.sec.gov/ J. Matthew DeLesDernier rules/sro.shtml); or Assistant Secretary. C. Self-Regulatory Organization’s • Send an email to rule-comments@ [FR Doc. 2020–17560 Filed 8–11–20; 8:45 am] Statement on Comments on the sec.gov. Please include File Number SR– BILLING CODE 8011–01–P Proposed Rule Change Received From CboeBZX–2020–059 on the subject line. Members, Participants, or Others Paper Comments SECURITIES AND EXCHANGE The Exchange has neither solicited • Send paper comments in triplicate COMMISSION nor received written comments on the to Secretary, Securities and Exchange proposed rule change. Commission, 100 F Street NE, [Release No. 34–89490; File No. SR– NYSEAMER–2020–61] III. Date of Effectiveness of the Washington, DC 20549–1090. Proposed Rule Change and Timing for All submissions should refer to File Self-Regulatory Organizations; NYSE Commission Action Number SR–CboeBZX–2020–059. This American LLC; Notice of Filing and Immediate Effectiveness of Proposed Because the foregoing proposed rule 15 15 U.S.C. 78s(b)(3)(A). Change To Amend the NYSE American change does not: (i) Significantly affect 16 17 CFR 240.19b–4(f)(6). In addition, Rule 19b– Options Fee Schedule the protection of investors or the public 4(f)(6) requires a self-regulatory organization to give interest; (ii) impose any significant the Commission written notice of its intent to file August 6, 2020. the proposed rule change at least five business days 1 burden on competition; and (iii) become prior to the date of filing of the proposed rule Pursuant to Section 19(b)(1) of the operative for 30 days after the date of change, or such shorter time as designated by the Securities Exchange Act of 1934 (the the filing, or such shorter time as the Commission. The Exchange has satisfied this ‘‘Act’’) 2 and Rule 19b–4 thereunder,3 Commission may designate, it has requirement. 17 17 CFR 240.19b–4(f)(6)(iii). become effective pursuant to Section 19 18 For purposes only of waiving the 30-day 17 CFR 200.30–3(a)(12). operative delay, the Commission has considered the 1 15 U.S.C. 78s(b)(1). 13 Id. proposed rule change’s impact on efficiency, 2 15 U.S.C. 78a. 14 Id. competition, and capital formation. 15 U.S.C. 78c(f). 3 17 CFR 240.19b–4.

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notice is hereby given that, on August set forth in sections A, B, and C below, ADV (the ‘‘Qualifying Volume’’).6 ATP 3, 2020, NYSE American LLC (‘‘NYSE of the most significant parts of such Holders that qualify for current Tiers C American’’ or the ‘‘Exchange’’) filed statements. and D are also entitled to credits on with the Securities and Exchange their monthly Customer Electronic A. Self-Regulatory Organization’s Commission (the ‘‘Commission’’) the volume at the same rate as participants Statement of the Purpose of, and the proposed rule change as described in that achieve Tier 1 in the ACE Program.7 Items I, II, and III below, which Items Statutory Basis for, the Proposed Rule Change The Exchange proposes to simplify have been prepared by the self- the Step-Up Incentive, which is regulatory organization. The 1. Purpose voluntary, by removing two of the four Commission is publishing this notice to The purpose of this filing is to modify tiers. In doing so, the Exchange has solicit comments on the proposed rule the Fee Schedule regarding the determined that it no longer seeks to change from interested persons. Professional Step-Up Incentive program. provide a financial incentive for I. Self-Regulatory Organization’s The Exchange proposes to implement minimal increases to an ATP Holder’s Statement of the Terms of Substance of the rule change on August 3, 2020. base volume levels and therefore the Proposed Rule Change proposes to increase the qualifying Background volume that would be required for the The Exchange proposes to amend the The Exchange has established various Step-Up Incentive’s lower tier. The NYSE American Options Fee Schedule Exchange believes that the modified (‘‘Fee Schedule’’) regarding the pricing incentives designed to encourage increased Electronic volume incentive program would still encourage Professional Step-Up Incentive program. ATP Holders to direct order flow to the The Exchange proposes to implement executed on the Exchange, including (but not limited to) the American Exchange, particularly given the high the fee change effective August 3, 2020. level of options trading in 2020, which The proposed change is available on the Customer Engagement (‘‘ACE’’) Program, which provides credit on additional liquidity benefits all markets Exchange’s website at www.nyse.com, at participants on the Exchange. the principal office of the Exchange, and certain Customer executions, and the at the Commission’s Public Reference Professional Step-Up Incentive program Proposed Rule Change (the ‘‘Step-Up Incentive’’).4 Room. Professional Step-Up Incentive The Step-Up Incentive is a four-tier II. Self-Regulatory Organization’s program—Tiers A–D—that offers The Exchange is proposing to reduce Statement of the Purpose of, and discounted rates on monthly the number of Step-Up Incentive Tiers Statutory Basis for, the Proposed Rule Professional volume as well as certain from four to two by eliminating current Change credits on Customer Electronic volume Tiers A and C and renaming the In its filing with the Commission, the to ATP Holders that increase their remaining Tiers B and D as proposed self-regulatory organization included Professional volume (excluding Strategy Tiers A and B, respectively.8 The statements concerning the purpose of, Executions, CUBE Auctions, and QCC Exchange also proposes to raise the and basis for, the proposed rule change Transactions) by specified percentages qualification for the new Tier A and discussed any comments it received of Total Industry Customer equity and (existing Tier B) from 0.08% of TCADV on the proposed rule change. The text ETF option average daily volume to 0.12% of TCADV. The proposed rule of those statements may be examined at (‘‘TCADV’’),5 over their August 2019 change is shown in the table below, the places specified in Item IV below. volume, or in the case of new ATP with to-be-deleted text in brackets and The Exchange has prepared summaries, Holders, above a base level of 10,000 proposed (new) text underscored.9

PROFESSIONAL STEP-UP INCENTIVE

Qualifying Per contract volume as a Per contract non penny ACE benefits % of TCADV penny rate rate

[Tier A] ...... [0.06] [$0.45] [$0.70] [N/A]. Tier [B]A ...... [0.08]0.12 0.35 0.60 [N/A]Tier 1. [Tier C] ...... [0.10] [0.25] [0.55] [Tier 1]. Tier [D]B1 ...... 0.15 0.20 0.50 Tier 1.

4 See Sections I.H and I.E. of the Fee Schedule 7 See Fee Schedule, supra note 4. (describing Professional Step-Up Incentive and ACE 8 Proposed (and simply renamed) Tier B is Program, respectively), available here: https:// substantively the same as existing Tier D and www.nyse.com/publicdocs/nyse/markets/american- therefore ‘‘ATP Holders that increase Qualifying options/NYSE_American_Options_Fee_ Schedule.pdf. Volume by 0.20% of TCADV and execute posted 5 The term ‘‘TCADV’’ is defined in the Key Terms Professional volume (i.e., that adds liquidity) of at and Definitions Section of the Preface of the Fee least 0.10% of TCADV will receive a $0.03 per Schedule, see supra note 4. TCADV includes contract discount off the Tier B rates.’’ See Options Clearing Corporation (‘‘OCC’’) calculated proposed Fee Schedule, Section I.H., note 1. Customer volume of all types, including Complex 9 See proposed Fee Schedule, Section I.H. Order transactions and QCC transactions, in equity and ETF options. 6 For purposes of this filing, ‘‘Professional’’ Electronic volume includes: Professional Customer, Broker Dealer, Non-NYSE American Options Market Maker, and Firm.

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As shown in the table above, by discount (than existing, to-be-deleted, broader forms that are most important to achieving an increase in Qualifying Tier C), the Exchange believes the investors and listed companies.’’ 14 Volume, benefits accrue to the ATP incentive program would continue to There are currently 16 registered Holder. To put in context, assume an incent ATP Holders to direct volume to options exchanges competing for order ATP Holder executed Electronic the Exchange. In particular, proposed flow. Based on publicly-available Professional volume in August 2019 Tier A together with the existing information, and excluding index-based totaling 9,000 ADV and, in July, the requirements of new Tier B (current Tier options, no single exchange has more TCADV is 17,200,000. To qualify for the D) continue to offer discounted rates than 16% of the market share of Step-Up Incentive program, that ATP coupled with ACE Tier 1 credits on executed volume of multiply-listed Holder would need to execute certain Customer executions at a time equity and ETF options trades.15 Electronic Professional volume above its where the Exchange has experience a Therefore, no exchange possesses August 2019 volume that is at least significant increase in options trading. significant pricing power in the 20,640 ADV (i.e., 0.12% of TCADV) for The Exchange believes the Step-Up execution of multiply-listed equity & new Tier A; 25,800 ADV (i.e., 0.15% of Incentive, as modified, should continue ETF options order flow. More TCADV) for new Tier B. If that same to incent the consistent and concerted specifically, in June 2020, the Exchange ATP Holder did not have August 2019 redirection of order flow to the had less than 10% market share of volume, it would have to execute at Exchange by ATP Holders in exchange executed volume of multiply-listed least this much volume above the for better economics as provided by the equity & ETF options trades.16 10,000 ADV base level. incentive program (i.e., enhanced The Exchange believes that the ever- The net result of the incentive discounts and credits), making it a more shifting market share among the program as modified is that proposed attractive venue for trading. exchanges from month to month Tier A has a slightly higher minimum The Exchange notes that all market demonstrates that market participants monthly volume requirement than the participants stand to benefit from can shift order flow, or discontinue or Tiers being deleted and a slightly higher increased Electronic Professional reduce use of certain categories of (but still discounted) rate than existing volume, which promotes market depth, products, in response to fee changes. Tier C. However, as further proposed, facilitates tighter spreads and enhances Accordingly, competitive forces ATP Holders that qualify for new Tiers price discovery, and may lead to a constrain options exchange transaction A and B would be eligible for ACE Tier corresponding increase in order flow fees. Stated otherwise, modifications to 1 credits on certain Customer from other market participants, exchange transaction fees can have a executions,10 which should also including those that do not participant direct effect on the ability of an encourage an increase in Customer in (or qualify for) the Step-Up Incentive exchange to compete for order flow. volume to the benefit of all market (or the ACE) program. The proposal to simplify the Step-Up participants. The Exchange cannot predict with Incentive by removing two of the four The Exchange’s fees are constrained certainty whether any ATP Holders tiers is reasonable because participation by intermarket competition, as ATP would avail themselves of the proposed in the incentive program is voluntary Holders may direct their order flow to rule change. and the Exchange continues to offer any of the 16 options exchanges, discounted rates and credits. Although 2. Statutory Basis including those with similar incentive proposed Tier A of the modified Step- programs.11 To address this competitive The Exchange believes that the Up Incentive would require a higher environment, the Exchange offers proposed rule change is consistent with minimum volume threshold for a lower incentives, such as the voluntary Step- Section 6(b) of the Act,12 in general, and discount (than existing, to-be-deleted, Up Incentive to encourage ATP Holders furthers the objectives of Sections Tier C), the Exchange believes the to consistently direct order flow (in 6(b)(4) and (5) of the Act,13 in particular, incentive program would continue to particular Professional flow) to the because it provides for the equitable incent ATP Holders to direct volume to Exchange. The Exchange believes that allocation of reasonable dues, fees, and the Exchange. In particular, proposed the proposal to streamline the Step-Up other charges among its members, Tier A (which has a slightly higher Incentive would simplify the incentive issuers and other persons using its minimum monthly volume requirement program while still offering discounted facilities and does not unfairly than the Tiers being deleted) together rates and credits. Although proposed discriminate between customers, with the existing requirements of new Tier A of the modified Step-Up issuers, brokers or dealers. Tier B (current Tier D) continue to offer discounted rates coupled with ACE Tier Incentive would require a higher The Proposed Rule Change Is 1 credits on certain Customer minimum volume threshold for a lower Reasonable executions at a time where the Exchange has experience a significant increase in 10 See Fee Schedule, Section I. A., supra note 4 The Exchange operates in a highly (setting forth options transactions rates for competitive market. The Commission options trading. The Exchange believes Electronic Professional volume of $0.50 and $0.75 has repeatedly expressed its preference the Step-Up Incentive, as modified, for Penny and Non-Penny issues respectively; for competition over regulatory should continue to incent the consistent except that Firm execution in Penny issues are and concerted redirection of order flow charged $0.47 per contract). intervention in determining prices, 11 See e.g., MIAX Options fee schedule, Section products, and services in the securities to the Exchange by ATP Holders in 1.a.iv, Professional Rebate Program, available here, markets. In Regulation NMS, the https://www.miaxoptions.com/sites/default/files/ Commission highlighted the importance 14 See Securities Exchange Act Release No. 51808 _ _ _ _ _ fee schedule-files/MIAX Options Fee Schedule of market forces in determining prices (June 9, 2005), 70 FR 37496, 37499 (June 29, 2005) 04012019.pdf (setting forth per contract credits on (S7–10–04) (‘‘Reg NMS Adopting Release’’). volume submitted for the account of Public and SRO revenues and, also, recognized 15 The OCC publishes options and futures volume Customers that are not Priority Customers, Non- that current regulation of the market in a variety of formats, including daily and monthly MIAX Market Makers, Non-Member Broker Dealers, system ‘‘has been remarkably successful volume by exchange, available here: https:// and Firms (collectively, Professional for purposes of in promoting market competition in its www.theocc.com/market-data/volume/default.jsp. MIAX program), provided the Member achieves 16 Based on OCC data, see id., the Exchange’s certain Professional volume increase percentage market share in equity-based options increased thresholds (set forth in the schedule) in the month 12 15 U.S.C. 78f(b). slightly from 8.20% for the month of June 2019 to relative to the fourth quarter of 2015). 13 15 U.S.C. 78f(b)(4) and (5). 8.32% for the month of June 2020.

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exchange for better economics as that the proposed change attracts more B. Self-Regulatory Organization’s provided by the incentive program (i.e., Professional (and Customer) Electronic Statement on Burden on Competition enhanced discounts and credits), volume to the Exchange, this increased In accordance with Section 6(b)(8) of making it a more attractive venue for order flow would continue to make the the Act, the Exchange does not believe trading. Exchange a more competitive venue for that the proposed rule change would The Exchange believes that the Step- order execution. Thus, the Exchange impose any burden on competition that Up Incentive, as modified, is still believes the proposed rule change is not necessary or appropriate in designed to encourage ATP Holders to would improve market quality for all furtherance of the purposes of the Act. increase the amount of Electronic market participants on the Exchange Instead, as discussed above, the Professional (and, given the ACE Tier 1 and, as a consequence, attract more Exchange believes that the proposed benefits, even Customer) volume order flow to the Exchange thereby change—which continues to offer directed to and executed on the improving market-wide quality and discounted rates and credits—would Exchange. The Exchange notes that all price discovery. encourage the submission of additional market participants stand to benefit The Proposed Rule Change Is Not liquidity to a public exchange, thereby from increased Electronic Professional Unfairly Discriminatory promoting market depth, price (and Customer) volume, which discovery and transparency and The Exchange believes that the promotes market depth, facilitates enhancing order execution proposal is not unfairly discriminatory tighter spreads and enhances price opportunities for all market because the proposed modifications discovery, and may lead to a participants. As a result, the Exchange would be available to all similarly- corresponding increase in order flow believes that the proposed change situated market participants on an equal from other market participants, furthers the Commission’s goal in including those that do not participant and non-discriminatory basis. Regarding the eliminated of Incentive adopting Regulation NMS of fostering in (or qualify for) the Step-Up Incentive integrated competition among orders, (or the ACE) program. Step-Up Tiers A and C, ATP Holders would continue to have the option of which promotes ‘‘more efficient pricing The Exchange cannot predict with of individual stocks for all types of certainty whether any ATP Holders availing themselves of the still-reduced 18 rates for Professional volume, as well as orders, large and small.’’ would avail themselves of the proposed Intramarket Competition. The the ACE Tier 1 credits on certain rule change. proposed change is designed to attract Customer executions, that are available Finally, to the extent the proposed additional order flow (particularly under proposed new Tier A and change attract greater volume and Professional, and Customer, volume) to renamed Tier B. liquidity, the Exchange believes this the Exchange. The Exchange believes would improve the Exchange’s overall The proposal is based on the amount and type of business transacted on the that the proposed modification to the competitiveness and strengthen its Step-Up Incentive would continue to market quality for all market Exchange and ATP Holders are not obligated to try to achieve either of the incent market participants to direct participants. In the backdrop of the additional volume to the Exchange. competitive environment in which the incentive pricing options. Rather, the proposal is designed to continue to Greater liquidity benefits all market Exchange operates, the proposed rule participants on the Exchange. The change is a reasonable attempt by the encourage these participants to utilize the Exchange as a primary trading venue proposed qualification Tiers would be Exchange to increase the depth of its available to all similarly-situated market market and improve its market share (if they have not done so previously) or increase Electronic volume sent to the participants that incur transaction fees relative to its competitors. The proposed on Electronic executions, and, as such, rule change is designed to incent ATP Exchange. To the extent that the proposed change attracts more the proposed change would not impose Holders to direct liquidity to the a disparate burden on competition Exchange in Electronic executions, executions to the Exchange, this increased order flow would continue to among market participants on the similar to other exchange programs with Exchange. make the Exchange a more competitive competitive pricing programs, thereby Intermarket Competition. The venue for order execution. Thus, the promoting market depth, price Exchange operates in a highly discovery and improvement and Exchange believes the proposed rule competitive market in which market enhancing order execution change would improve market quality participants can readily favor one of the opportunities for market participants.17 for all market participants on the 16 competing option exchanges if they Exchange and, as a consequence, attract deem fee levels at a particular venue to The Proposed Rule Change Is an more order flow to the Exchange thereby Equitable Allocation of Credits and Fees be excessive. In such an environment, improving market-wide quality and the Exchange must continually adjust its The Exchange believes the proposed price discovery. The resulting increased fees to remain competitive with other rule change is an equitable allocation of volume and liquidity would provide exchanges and to attract order flow to its fees and credits. The proposal is more trading opportunities and tighter the Exchange. Based on publicly- based on the amount and type of spreads to all market participants and available information, and excluding business transacted on the Exchange thus would promote just and equitable index-based options, no single exchange and ATP Holders can opt to avail principles of trade, remove has more than 16% of the market share themselves of the Step-Up Incentive or impediments to and perfect the of executed volume of multiply-listed not. Moreover, the proposal is designed mechanism of a free and open market equity and ETF options trades.19 to encourage ATP Holders to aggregate and a national market system and, in Therefore, no exchange possesses their executions—particularly general, to protect investors and the significant pricing power in the Electronic Professional (and public interest. execution of multiply-listed equity & Customer)—at the Exchange as a Finally, the Exchange believes that it ETF options order flow. More primary execution venue. To the extent is subject to significant competitive forces, as described below in the 18 See Reg NMS Adopting Release, supra note 14, 17 See, e.g., supra note 11 (regarding MIAX Exchange’s statement regarding the at 37499. Professional Rebate Program). burden on competition. 19 See supra note 15.

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specifically, in June 2020, the Exchange IV. Solicitation of Comments For the Commission, by the Division of had less than 10% market share of Trading and Markets, pursuant to delegated executed volume of multiply-listed Interested persons are invited to authority.24 equity & ETF options trades.20 submit written data, views, and J. Matthew DeLesDernier, arguments concerning the foregoing, The Exchange believes that the Assistant Secretary. including whether the proposed rule proposed rule change reflects this [FR Doc. 2020–17556 Filed 8–11–20; 8:45 am] change is consistent with the Act. competitive environment because it BILLING CODE 8011–01–P Comments may be submitted by any of modifies the Exchange’s fees in a manner designed to encourage ATP the following methods: Holders to direct trading interest to the Electronic Comments DEPARTMENT OF STATE Exchange, to provide liquidity and to [Public Notice 11179] attract order flow. To the extent that this • Use the Commission’s internet purpose is achieved, all the Exchange’s comment form (http://www.sec.gov/ Advisory Committee on Historical market participants should benefit from rules/sro.shtml); or Diplomatic Documentation; Notice of the improved market quality and • Send an email to rule-comments@ Virtual Open Meeting increased opportunities for price sec.gov. Please include File Number SR– The Advisory Committee on improvement. NYSEAMER–2020–61 on the subject Historical Diplomatic Documentation The Exchange believes that the line. will meet on September 14 in a virtual proposed change could promote Paper Comments open session to discuss unclassified competition between the Exchange and matters concerning the status of the other execution venues, including those • Send paper comments in triplicate Foreign Relations series. that currently offer similar pricing to: Secretary, Securities and Exchange The Committee will meet in open incentives, by encouraging additional Commission, 100 F Street NE, session from 10 a.m. until noon through orders to be sent to the Exchange for Washington, DC 20549–1090. a virtual platform TBD. Members of the execution. public planning to attend the virtual All submissions should refer to File C. Self-Regulatory Organization’s meeting should RSVP to Julie Fort at Number SR–NYSEAMER–2020–61. This [email protected]. RSVP and requests for Statement on Comments on the file number should be included on the reasonable accommodation should be Proposed Rule Change Received From subject line if email is used. To help the sent not later than September 1, 2020. Members, Participants, or Others Commission process and review your Instructions on how to join the virtual No written comments were solicited comments more efficiently, please use meeting will be provided upon receipt or received with respect to the proposed only one method. The Commission will of RSVP. rule change. post all comments on the Commission’s Questions concerning the meeting internet website (http://www.sec.gov/ should be directed to Adam M. Howard, III. Date of Effectiveness of the rules/sro.shtml). Copies of the Executive Secretary, Advisory Proposed Rule Change and Timing for submission, all subsequent Committee on Historical Diplomatic Commission Action amendments, all written statements Documentation, Department of State, Office of the Historian, Washington, DC The foregoing rule change is effective with respect to the proposed rule 20372, [email protected]. upon filing pursuant to Section change that are filed with the 21 Commission, and all written Note that requests for reasonable 19(b)(3)(A) of the Act and accommodation received after subparagraph (f)(2) of Rule 19b–4 22 communications relating to the proposed rule change between the September 1 will be considered but thereunder, because it establishes a due, might not be possible to fulfill. fee, or other charge imposed by the Commission and any person, other than Exchange. those that may be withheld from the Zachary A. Parker, public in accordance with the At any time within 60 days of the Director, Office of Directives Management, provisions of 5 U.S.C. 552, will be filing of such proposed rule change, the Department of State. available for website viewing and Commission summarily may [FR Doc. 2020–17649 Filed 8–11–20; 8:45 am] printing in the Commission’s Public temporarily suspend such rule change if BILLING CODE 4710–34–P Reference Room, 100 F Street NE, it appears to the Commission that such action is necessary or appropriate in the Washington, DC 20549 on official DEPARTMENT OF STATE public interest, for the protection of business days between the hours of investors, or otherwise in furtherance of 10:00 a.m. and 3:00 p.m. Copies of the [Public Notice 11115] the purposes of the Act. If the filing also will be available for Commission takes such action, the inspection and copying at the principal International Digital Economy and Commission shall institute proceedings office of the Exchange. All comments Telecommunication (IDET) Advisory under Section 19(b)(2)(B) 23 of the Act to received will be posted without change. Committee Solicitation of Applications determine whether the proposed rule Persons submitting comments are for Membership change should be approved or cautioned that we do not redact or edit ACTION: Notice. disapproved. personal identifying information from comment submissions. You should SUMMARY: The Deputy Assistant 20 Based on OCC data, supra note 16, the submit only information that you wish Secretary of State for International Exchange’s market share in equity-based options to make available publicly. All Communications and Information was 8.20% for the month of June 2019 and 8.32% submissions should refer to File Policy, in the Bureau of Economic and for the month of June 2020. Number SR–NYSEAMER–2020–61 and 21 15 U.S.C. 78s(b)(3)(A). Business Affairs is accepting 22 17 CFR 240.19b–4(f)(2). should be submitted on or before 23 15 U.S.C. 78s(b)(2)(B). September 2, 2020. 24 17 CFR 200.30–3(a)(12).

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