84446 Federal Register / Vol. 85, No. 248 / Monday, December 28, 2020 / Notices 

32 15 U.S.C. 78s(b)(2). 

33See id. 

34 17 CFR 200.30–3(a)(12). 

1 15 U.S.C. 78s(b)(1). 

2 17 CFR 240.19b–4. 

3See Securities Exchange Act Release No. 90387 

(Nov. 10, 2020), 85 FR 73322 (Nov.17, 2020) (SR– 

NYSE–2020–93). 

4 15 U.S.C. 78s(b)(2). 

5 15 U.S.C. 78s(b)(2). 

6 17 CFR 200.30–3(a)(31). 

1 15 U.S.C. 78s(b)(1). 

2 17 CFR 240.19b–4. 

3 15 U.S.C. 78s(b)(3)(A)(ii). 

4 17 CFR 240.19b–4(f)(2). 

findings set forth above to approve the 

proposal. 

Accordingly, pursuant to Section 

19(b)(2) of the Exchange Act,32 the 

Commission finds good cause to 

approve the proposed rule changes, 

each as modified by Amendment No. 1, 

on an accelerated basis. 

VI. Conclusion 

It is therefore ordered, pursuant to 

Section 19(b)(2) of the Act,33 that the 

proposed rule changes (SR–NYSE– 

2020–73, SR–NYSEAMER–2020–66, 

SR–NYSENAT–2020–28, SR– 

NYSEArca–2020–82, SR–NYSECHX– 

2020–26), each as modified by 

Amendment No. 1 be, and hereby are, 

approved on an accelerated basis. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.34

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2020–28512 Filed 12–23–20; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–90723; File No. SR–NYSE– 

2020–93] 

Self-Regulatory Organizations; New 

York Stock Exchange LLC, Notice of 

Designation of a Longer Period for 

Commission Action on a Proposed 

Rule Change to Amend Rules 7.35 and 

7.35A 

December 18, 2020. 

On November 3, 2020, New York 

Stock Exchange LLC (‘‘NYSE’’ or the 

‘‘Exchange’’) filed with the Securities 

and Exchange Commission 

(‘‘Commission’’), pursuant to Section 

19(b)(1) of the Securities Exchange Act 

of 1934 (‘‘Act’’) 1 and Rule 19b–4 

thereunder,2 a proposed rule change to 

(1) amend Rule 7.35 to make permanent 

that the Exchange would disseminate 

Auction Imbalance Information if a 

security is an IPO or Direct Listing and 

has not had its IPO Auction or Direct 

Listing Auction; and (2) amend Rule 

7.35A regarding consultations in 

connection with an IPO or Direct 

Listing. The proposed rule change was 

published for comment in the Federal 

Register on November 17, 2020.3 The 

Commission has received no comment 

letters on the proposed rule change. 

Section 19(b)(2) of the Act 4 provides 

that within 45 days of the publication of 

notice of the filing of a propose rule 

change, or within such longer period up 

to 90 days as the Commission may 

designate if it find such longer period to 

be appropriate and published its reasons 

for so finding or as to which the selfregulatory organization consents, the 

Commission shall either approve the 

proposed rule change, disapprove the 

proposed rule change, or institute 

proceedings to determine whether the 

proposed rule change should be 

disapproved. The 45th day after 

publication of the Notice for the 

proposed rule change is January 1, 2021. 

The Commission is extending this 45- 

day period. 

The Commission finds that it is 

appropriate to designate a longer period 

within which to take action on the 

proposed rule change so that it has 

sufficient time to consider the proposed 

rule change. Accordingly, pursuant to 

Section 19(b)(2) of the Act,5 the 

Commission designates February 15, 

2021, as the date by which the 

Commission shall either approve or 

disapprove, or institute proceedings to 

determine whether to approve or 

disapprove, the proposed rule change 

(File No. SR–NYSE–2020–93). 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.6

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2020–28508 Filed 12–23–20; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–90728; File No. SR–FINRA– 

2020–044] 

Self-Regulatory Organizations; 

Financial Industry Regulatory 

Authority, Inc.; Notice of Filing and 

Immediate Effectiveness of Proposed 

Rule Change To Modify Securities 

Transaction Credits Applicable to 

FINRA/Nasdaq TRF Participants 

December 18, 2020. 

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 December 

14, 2020, the Financial Industry 

Regulatory Authority, Inc. (‘‘FINRA’’) 

filed with the Securities and Exchange 

Commission (‘‘Commission’’) the 

proposed rule change as described in 

Items I, II, and III below, which Items 

have been prepared by FINRA. FINRA 

has designated the proposed rule change 

as ‘‘establishing or changing a due, fee 

or other charge’’ under Section 

19(b)(3)(A)(ii) of the Act 3 and Rule 19b– 

4(f)(2) thereunder,4 which renders the 

proposal effective upon receipt of this 

filing by the Commission. The 

Commission is publishing this notice to 

solicit comments on the proposed rule 

change from interested persons. 

I. Self-Regulatory Organization’s 

Statement of the Terms of Substance of 

the Proposed Rule Change 

FINRA is proposing to amend FINRA 

Rule 7610A to modify the securities 

transaction credits applicable to nonRetail Participants that use the FINRA/ 

Nasdaq Trade Reporting Facility 

Carteret (the ‘‘FINRA/Nasdaq TRF 

Carteret’’) and the FINRA/Nasdaq Trade 

Reporting Facility Chicago (the ‘‘FINRA/ 

Nasdaq TRF Chicago’’) (collectively, the 

‘‘FINRA/Nasdaq TRF’’). 

The text of the proposed rule change 

is available on FINRA’s website at 

http://www.finra.org, at the principal 

office of FINRA 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, 

FINRA 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. FINRA 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 

The FINRA/Nasdaq TRF is a facility 

of FINRA that is operated by Nasdaq, 

Inc. (‘‘Nasdaq’’). In connection with the 

establishment of the FINRA/Nasdaq 

TRF, FINRA and Nasdaq entered into a 

limited liability company agreement 

(the ‘‘LLC Agreement’’). Under the LLC 

Agreement, FINRA, the ‘‘SRO Member,’’ 

has sole regulatory responsibility for the 


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