86590 Federal Register / Vol. 85, No. 250 / Wednesday, December 30, 2020 / Notices 

25 15 U.S.C. 78f(b)(8). 

26 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. 90384 

(November 9, 2020), 85 FR 73113 (November 16, 

2020). Comments on the proposed rule change can 

be found at https://www.sec.gov/comments/sr-bx2020-032/srbx2020032.htm. 

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

accurately or that other unusual 

conditions or circumstances are present 

that could be detrimental to the 

maintenance of a fair and orderly 

market. The Exchange will require 

periodic certification from the issuer of 

a series of Exchange-Traded Fund 

Shares that it is in compliance with 

Rule 6c–11 and the requirements of 

Rule 5.2(j)(8). In addition, the Exchange, 

on a periodic basis will review issues of 

Exchange-Traded Fund Shares listed on 

the Exchange for compliance with the 

requirements of Rule 6c–11(c)(1). 

Proposed Rule 5.2(j)(8)(e) would require 

an issuer of Exchange-Traded Fund 

Shares to notify the Exchange if it is no 

longer eligible to operate in reliance on 

Rule 6c–11 or that it does not comply 

with the requirements of proposed Rule 

5.2(j)(8) (except for subparagraph (1)(A) 

of Rule 5.2(j)(8)(e)). 

For the foregoing reasons, the 

Exchange believes that the proposal is 

consistent with the Act. 

B. Self-Regulatory Organization’s 

Statement on Burden on Competition 

In accordance with Section 6(b)(8) of 

the Act,25 the Exchange believes that the 

proposed rule change would not impose 

any burden on competition that is not 

necessary or appropriate in furtherance 

of the purposes of the Act. Instead, the 

Exchange believes that the proposed 

rule change would facilitate the listing 

and trading of Exchange-Traded Fund 

Shares and result in an efficient process 

surrounding the listing and trading of 

Exchange-Traded Fund Shares, which 

will enhance competition among market 

participants, to the benefit of investors 

and the marketplace. The Exchange also 

believes that the proposed change will 

reduce the time frame for bringing 

Exchange-Traded Fund Shares to 

market, thereby reducing the burdens on 

issuers and other market participants 

and promoting competition. In turn, the 

Exchange believes that the proposed 

change would make the process for 

listing Exchange-Traded Fund Shares 

more competitive by applying uniform 

listing standards to Exchange-Traded 

Fund Shares. 

C. Self-Regulatory Organization’s 

Statement on Comments on the 

Proposed Rule Change Received From 

Members, Participants, or Others 

No written comments were solicited 

or received with respect to the proposed 

rule change. 

III. Date of Effectiveness of the 

Proposed Rule Change and Timing for 

Commission Action 

Within 45 days of the date of 

publication of this notice in the Federal 

Register or up to 90 days (i) as the 

Commission may designate if it finds 

such longer period to be appropriate 

and publishes its reasons for so finding 

or (ii) as to which the self-regulatory 

organization consents, the Commission 

will: 

(A) By order approve or disapprove 

the proposed rule change, or 

(B) institute proceedings to determine 

whether the proposed rule change 

should be 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– 

NYSE–2020–86 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–NYSE–2020–86. 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–NYSE–2020–86, and 

should be submitted on or before 

January 21, 2021. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.26

Eduardo A. Aleman, 

Deputy Secretary. 

[FR Doc. 2020–28804 Filed 12–29–20; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–90796; File No. SR–BX– 

2020–032] 

Self-Regulatory Organizations; Nasdaq 

BX, Inc.; Notice of Designation of a 

Longer Period for Commission Action 

on a Proposed Rule Change To Amend 

Options 4, Section 5, To Limit Short 

Term Options Series Intervals Between 

Strikes Which Are Available for 

Quoting and Trading on BX 

December 23, 2020. 

On November 6, 2020, Nasdaq BX, 

Inc. (‘‘BX’’ or ‘‘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 

amend Options 4, Section 5, ‘‘Series of 

Options Contracts Open for Trading’’ to 

seek to limit Short Term Options Series 

intervals between strikes which are 

available for quoting and trading on BX. 

The proposed rule change was 

published for comment in the Federal 

Register on November 16, 2020.3

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

that within 45 days of the publication of 

notice of the filing of a proposed rule 

change, or within such longer period up 

to 90 days as the Commission may 

designate if it finds such longer period 

to be appropriate and publishes its 

reasons for so finding, or as to which the 

Federal Register / Vol. 85, No. 250 / Wednesday, December 30, 2020 / Notices 86591 

5 Id. 

6 17 CFR 200.30–3(a)(31). 

1 15 U.S.C. 78f(g). 

2 7 U.S.C. 1a(2). 

3 7 U.S.C. 2(a)(1)(C). 

4 17 CFR 240.6a–4. 

5Under Rule 202.3(b)(3) of the Commission’s 

Informal and Other Procedures, upon receipt of a 

Form 1–N, the Division of Market Regulation (now 

the Division of Trading and Markets) examines the 

notice to determine whether all necessary 

information has been supplied and whether all 

other required documents have been furnished in 

proper form. 17 CFR 202.3(b)(3). 

6 15 U.S.C. 78f(g)(2)(B). 

7This Form 1–N is being filed by MGEX in 

connection with a Commission exemptive order 

issued under Section 36 of the Exchange Act. See 

Securities Exchange Act Release No. 90510 

(November 20, 2020), 85 FR 77297 (December 1, 

2020) (‘‘Exemptive Order’’). The Exemptive Order 

relates to listing and trading contracts for sale for 

future delivery on the SPIKES Index on MGEX 

consistent with the terms and conditions set forth 

in the order. 

8 15 U.S.C. 78f(g)(3). 

9 17 CFR 200.30–3(a)(75). 

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

2 17 CFR 240.19b–4. 

3On November 27, 2020, FICC also filed the 

proposal contained in the proposed rule change as 

advance notice SR–FICC–2020–804 with the 

Commission pursuant to Section 806(e)(1) of the 

Dodd-Frank Wall Street Reform and Consumer 

Protection Act entitled the Payment, Clearing, and 

Settlement Supervision Act of 2010 (‘‘Clearing 

Supervision Act’’), 12 U.S.C. 5465(e)(1), and Rule 

19b–4(n)(1)(i) of the Act, 17 CFR 240.19b–4(n)(1)(i). 

4Securities Exchange Act Release No. 90568 

(December 4, 2020), 85 FR 79541 (December 10, 

2020) (SR–FICC–2020–017) (‘‘Notice’’). 

5See Letter from Kelli McMorrow, Head of 

Government Affairs, American Securities 

Association, dated December 18, 2020, to Vanessa 

Countryman, Secretary, Commission, available at 

https://www.sec.gov/comments/sr-ficc-2020-017/ 

srficc2020017.htm (‘‘ASA Letter’’); Letter from Pete 

Mills, Senior Vice President, Mortgage Bankers 

Association, dated December 17, 2020, to Jay 

Clayton, Chairman, Commission, available at 

https://www.sec.gov/comments/sr-ficc-2020-017/ 

srficc2020017-8155338-226778.pdf (‘‘MBA Letter’’); 

Letter from Christopher Killian, Managing Director, 

Securities Industry and Financial Markets 

Association, dated December 16, 2020, to Vanessa 

Countryman, Secretary, Commission, available at 

https://www.sec.gov/comments/sr-ficc-2020-017/ 

srficc2020017-8154310-226759.pdf (‘‘SIFMA 

Letter’’); Letter from Curtis Richins, President & 

CEO, Mortgage Capital Trading, Inc., dated 

December 15, 2020, to Vanessa Countryman, 

Secretary, Commission, available at https://

www.sec.gov/comments/sr-ficc-2020-017/ 

srficc2020017-8156568-226839.pdf (‘‘MCT Letter’’); 

and Letter from James Tabacchi, Chairman, 

Independent Dealer and Trader Association, dated 

December 10, 2020, to Vanessa Countryman, 

Secretary, Commission, available at https://

www.sec.gov/comments/sr-ficc-2020-017/ 

srficc2020017-8127766-226454.pdf (‘‘IDTA Letter’’). 

See comments on the proposed rule change (SR– 

Continued 

self-regulatory 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 this 

proposed rule change is December 31, 

2020. The Commission is extending this 

45-day time period. 

The Commission finds it 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, the Commission, pursuant 

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

designates February 14, 2021, as the 

date by which the Commission shall 

either approve or disapprove, or 

institute proceedings to determine 

whether to disapprove, the proposed 

rule change (File No. SR–BX–2020– 

032). 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.6

Eduardo A. Aleman, 

Deputy Secretary. 

[FR Doc. 2020–28894 Filed 12–29–20; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–90785] 

Acknowledgement of Receipt of Notice 

of Registration as a National Securities 

Exchange Pursuant to Section 6(g) of 

the Securities Exchange Act of 1934 by 

the Minneapolis Grain Exchange, LLC 

December 22, 2020. 

Section 6(g) of the Securities 

Exchange Act of 1934 (‘‘Exchange 

Act’’) 1 provides that an exchange that 

lists or trades security futures products 

may register as a national securities 

exchange solely for the purposes of 

trading security futures products by 

filing a written notice with the 

Securities and Exchange Commission 

(‘‘Commission’’) if: (1) The exchange is 

a board of trade, as that term is defined 

by the Commodity Exchange Act 

(‘‘CEA’’),2 that has been designated a 

contract market by the Commodity 

Futures Trading Commission (‘‘CFTC’’) 

and such designation is not suspended 

by order of the CFTC; and (2) such 

exchange does not serve as a market 

place for transactions in securities other 

than security futures products or futures 

on exempted securities or groups or 

indexes of securities or options thereon 

that have been authorized under Section 

2(a)(1)(C) of the CEA.3 Rule 6a–4 under 

the Exchange Act 4 requires that such an 

exchange submit written notice of 

registration to the Commission on Form 

1–N.5 Under Exchange Act Section 

6(g)(2)(B), an exchange’s registration as 

a national securities exchange becomes 

effective contemporaneously with the 

submission of the written notice on 

Form 1–N.6

On December 11, 2020, the 

Minneapolis Grain Exchange, LLC 

(‘‘MGEX’’) filed a Form 1–N with the 

Commission.7 Pursuant to Section 

6(g)(3) of the Exchange Act,8 the 

Commission hereby acknowledges 

receipt of the Form 1–N submitted by 

MGEX. Copies of the Form 1–N, 

including all exhibits, are available in 

the Commission’s Public Reference 

Room. 

For questions regarding this Release, 

please contact David Dimitrious, Senior 

Special Counsel, at (202) 551–5131, 

Michou Nguyen, Special Counsel, at 

(202) 551–7768, or Eli Kozminsky, 

Attorney-Adviser, at (202) 551–7695; 

Division of Trading and Markets, 

Securities and Exchange Commission, 

100 F Street NE, Washington, DC 20549. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.9

Eduardo A. Aleman, 

Deputy Secretary. 

[FR Doc. 2020–28810 Filed 12–29–20; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–90794; File No. SR–FICC– 

2020–017] 

Self-Regulatory Organizations; Fixed 

Income Clearing Corporation; Notice of 

Designation of Longer Period for 

Commission Action and Longer Period 

for Comment on Proposed Rule 

Change To Modify the Calculation of 

the MBSD VaR Floor To Incorporate a 

Minimum Margin Amount 

December 23, 2020. 

On November 20, 2020, Fixed Income 

Clearing Corporation (‘‘FICC’’) 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 proposed rule 

change SR–FICC–2020–017 to introduce 

a new ‘‘Minimum Margin Amount’’ to 

complement the existing VaR Floor 

calculation.3 The proposed rule change 

was published for comment in the 

Federal Register on December 10, 

2020.4 As of December 23, 2020, the 

Commission has received five comment 

letters to the proposed rule change.5