84062 Federal Register / Vol. 85, No. 247 / Wednesday, December 23, 2020 / Notices 

21 15 U.S.C. 78s(b)(2)(B). 22 17 CFR 200.30–3(a)(12). 

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 

prior to 30 days from the date on which 

it was filed, or such shorter time as the 

Commission may designate, if 

consistent with the protection of 

investors and the public interest, the 

proposed rule change has become 

effective pursuant to Section 19(b)(3)(A) 

of the Act and Rule 19b–4(f)(6)(iii) 

thereunder. 

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) 21 of the Act to 

determine whether the proposed rule 

change should be approved or 

disapproved. 

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 

• Use the Commission’s internet 

comment form (http://www.sec.gov/ 

rules/sro.shtml); or 

• Send an email to rule-comments@

sec.gov. Please include File Number SR– 

NYSENAT–2020–37 on the subject line. 

Paper Comments 

• 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–NYSENAT–2020–37. 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 (http://www.sec.gov/ 

rules/sro.shtml). 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 

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 

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–NYSENAT–2020–37, and 

should be submitted on or before 

January 13, 2021. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.22

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2020–28312 Filed 12–22–20; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

Sunshine Act Meetings 

FEDERAL REGISTER CITATION OF PREVIOUS

ANNOUNCEMENT: 85 FR 81961, December 

17, 2020 

PREVIOUSLY ANNOUNCED TIME AND DATE OF

THE MEETING: Monday, December 21, 

2020 at 11:00 a.m. 

CHANGES IN THE MEETING: The Closed 

Meeting scheduled for Monday, 

December 21, 2020 at 11:00 a.m. has 

been changed to Monday, December 21, 

2020 at 10:00 a.m. 

CONTACT PERSON FOR MORE INFORMATION: 

For further information and to ascertain 

what, if any, matters have been added, 

deleted or postponed, please contact 

Vanessa A. Countryman from the Office 

of the Secretary at (202) 551–5400. 

Dated: December 18, 2020. 

Vanessa A. Countryman, 

Secretary. 

[FR Doc. 2020–28540 Filed 12–21–20; 11:15 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[SEC File No. 270–118, OMB Control No. 

3235–0095] 

Proposed Collection; Comment 

Request 

Upon Written Request Copies Available 

From: Securities and Exchange 

Commission, Office of FOIA Services, 

100 F Street NE, Washington, DC 

20549–2736 

Extension: 

Rule 236 

Notice is hereby given that, pursuant 

to the Paperwork Reduction Act of 1995 

(44 U.S.C. 3501 et seq.), the Securities 

and Exchange Commission 

(‘‘Commission’’) is soliciting comments 

on the collection of information 

summarized below. The Commission 

plans to submit this existing collection 

of information to the Office of 

Management and Budget for extension 

and approval. 

Securities Act Rule 236 (17 CFR 

230.236) provides an exemption from 

registration under the Securities Act for 

the offering of shares of stock or similar 

securities to provide funds to be 

distributed to security holders in lieu of 

fractional shares, scrip certificates or 

order forms, in connection with a stock 

dividend, stock split, reverse stock split, 

conversion, merger or similar 

transaction. Issuers wishing to rely upon 

the exemption are required to furnish 

specified information to the 

Commission at least 10 days prior to the 

offering. The information is needed to 

provide notice that the issuer is relying 

on the exemption. Approximately 10 

respondents file the information 

required by Rule 236 at an estimated 1.5 

hours per response for a total annual 

reporting burden of 15 hours (1.5 hours 

per response × 10 responses). 

Written comments are invited on: (a) 

Whether this proposed collection of 

information is necessary for the proper 

performance of the functions of the 

agency, including whether the 

information will have practical utility; 

(b) the accuracy of the agency’s estimate 

of the burden imposed by the collection 

of information; (c) ways to enhance the 

quality, utility, and clarity of the 

information collected; and (d) ways to 

minimize the burden of the collection of 

information on respondents, including 

through the use of automated collection 

techniques or other forms of information 

technology. Consideration will be given 

to comments and suggestions submitted 

in writing within 60 days of this 

publication. 

An agency may not conduct or 

sponsor, and a person is not required to 


jbell on DSKJLSW7X2PROD with NOTICES
Federal Register / Vol. 85, No. 247 / Wednesday, December 23, 2020 / Notices 84063 

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). 

5Transactions executed through the Solicitation 

Auction mechanism and Facilitation Auction 

mechanism. 

6The Exchange notes that no fees are currently 

assessed for Agency Orders for any account type. 

7Facilitation and Solicitation Orders are the 

matching contra orders submitted on the opposite 

side of the Agency Order. 

8The Exchange notes that the total fees for 

Responses in the Facilitation and Solicitation 

auction mechanisms are not changing. Currently, 

Participants are assessed a $0.25 fee for Responses 

in the Facilitation and Solicitation mechanisms for 

Penny Interval Classes and an additional $0.25 

liquidity fee in Section III.B totaling $0.50 for their 

order. For Non-Penny Pilot Classes, Participants are 

assessed a $0.40 fee for Responses in the 

Facilitation and Solicitation mechanisms and an 

additional $0.75 liquidity fee in Section III.B 

totaling $1.15 for their order. As discussed herein, 

the Exchange proposes to eliminate Liquidity Fees 

and Credits for Facilitation and Solicitation 

transactions when the Trading Floor is inoperable. 

As such, the current liquidity fees are included in 

the proposed Response fees for the Facilitation and 

Solicitation mechanisms. 

9The Exchange notes that the QOO Orders are 

paired orders on the BOX Trading Floor similar to 

Facilitation and Solicitation orders submitted 

electronically through the Facilitation and 

Solicitation auction mechanism. The Exchange 

believes that the reduced Facilitation and 

Solicitation Order fees will incentivize Floor 

Participants (who are also electronic Participants on 

BOX) to execute orders electronically instead of 

directing this order flow to another exchange. 

respond to, a collection of information 

unless it displays a currently valid 

control number. 

Please direct your written comment to 

David Bottom, Director/Chief 

Information Officer, Securities and 

Exchange Commission, c/o Cynthia 

Roscoe, 100 F Street NE, Washington, 

DC 20549 or send an email to: PRA_

Mailbox@sec.gov. 

Dated: December 18, 2020. 

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2020–28430 Filed 12–22–20; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–90698; File No. SR–BOX– 

2020–39] 

Self-Regulatory Organizations; BOX 

Exchange LLC; Notice of Filing and 

Immediate Effectiveness of a Proposed 

Rule Change To Amend the Fee 

Schedule on the BOX Options Market 

LLC Facility 

December 17, 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 

15, 2020, BOX Exchange LLC 

(‘‘Exchange’’) 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 the Exchange. The 

Exchange filed the proposed rule change 

pursuant to Section 19(b)(3)(A)(ii) of the 

Act,3 and Rule 19b–4(f)(2) thereunder,4

which renders the proposal effective 

upon filing with 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 the Substance 

of the Proposed Rule Change 

The Exchange is filing with the 

Securities and Exchange Commission 

(‘‘Commission’’) a proposed rule change 

to amend the Fee Schedule on the BOX 

Options Market LLC (‘‘BOX’’) facility. 

The text of the proposed rule change is 

available from the principal office of the 

Exchange, at the Commission’s Public 

Reference Room and also on the 

Exchange’s internet website at http://

boxexchange.com. 

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 

Exchange 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. The 

Exchange 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 

To prevent the potential spread of 

coronavirus (COVID–19), BOX Exchange 

LLC (BOX) temporarily closed the 

Trading Floor in Chicago after the close 

of business on Thursday, December 10, 

2020 but reopened on Monday, 

December 14, 2020 after existing BOX 

COVID–19 policies and procedures were 

executed. As a result of this and the 

uncertainty surrounding COVID–19, the 

Exchange proposes to amend the Fee 

Schedule for trading on BOX to govern 

certain pricing changes that will be in 

effect while the BOX Trading Floor is 

inoperable. 

Facilitation and Solicitation Transaction 

Fees 

First, the Exchange proposes to 

amend Section I.C. (Facilitation and 

Solicitation Transactions 5) to establish 

a fee structure for Facilitation and 

Solicitation Transactions in lieu of the 

current fees for Facilitation and 

Solicitation Transactions while the BOX 

Trading Floor is inoperable. Further, the 

Exchange proposes that the Facilitation 

and Solicitation Transaction Rebate 

identified in Section I.C.1 will not apply 

when the BOX Trading Floor is 

inoperable. With the Trading Floor 

inoperable, Floor Participants will no 

longer be allowed to enter Qualified 

Open Outcry Orders (‘‘QOO’’) Orders on 

BOX. Instead these Participants must 

enter analogous types of electronic 

orders on BOX, which are most similar 

to orders executed through the 

Facilitation and Solicitation auction 

mechanism. Because of this, the 

Exchange proposes to mimic the current 

structure for Facilitation and 

Solicitation Transactions; however the 

Exchange proposes to make a few minor 

changes to the fees assessed for these 

transactions when the Trading Floor is 

inoperable. Specifically, the Exchange 

proposes to assess no fees for Agency 

Orders submitted to the Facilitation and 

Solicitation mechanisms for all 

Participants, regardless of account 

type.6 Second, the Exchange proposes to 

assess no fees for Facilitation and 

Solicitation Orders 7 in Penny and NonPenny Interval Classes. BOX also 

proposes to assess a $0.50 fee for 

Responses in the Facilitation or 

Solicitation Auction Mechanisms in 

Penny Interval Classes and $1.15 for 

Responses in the Facilitation and 

Solicitation mechanisms in Non-Penny 

Interval Classes.8 The Exchange believes 

the proposed fee structure will 

incentivize Participants who would 

normally execute orders on the BOX 

Trading Floor to instead submit orders 

to the Exchange’s Facilitation and 

Solicitation auction mechanisms.9

Liquidity Fees and Credits 

The Exchange proposes to add text to 

Section III.B. (Liquidity Fees and 

Credits for Facilitation and Solicitation 

Transactions). Specifically, the 

Exchange proposes to add text which 

states that Participants will not be 

assessed Liquidity Fees and Credits for 

Facilitation and Solicitation 

Transactions when the BOX Trading 

Floor is inoperable. 


jbell on DSKJLSW7X2PROD with NOTICES