Federal Register / Vol. 85, No. 250 / Wednesday, December 30, 2020 / Notices 86629 

15As noted above, the Exchange has separately 

proposed to delete Rule 46B because RTOs would 

no longer have a role under Exchange rules. See 

NYSE Close Proposal, supra note 10. 

16See NYSE American LLC (‘‘NYSE American’’) 

Rule 900.2NY(82) and NYSE Arca, Inc. (‘‘NYSE 

Arca’’) Rule 6.1–O(b)(34). 

17 17 CFR 200.30–3(a)(12). 

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

2 17 CFR 240.19b–4. 

connection with the Closing Auction.15

The proposed rule change would 

complete the evolution of member Floor 

Officials to Trading Officials that are 

Exchange-trained and supervised staff, 

which is similar to how trading officials 

function on the options markets run by 

the Exchange’s affiliates.16 By replacing 

the variety and hierarchy of Floor 

Officials based on seniority with a 

single Trading Official appointed by the 

NYSE CEO, the Exchange would 

significantly simplify the appointment 

and retention of individuals with 

responsibility under the Exchange’s 

rules to supervise and review trading on 

the Floor. Further, the proposal would 

contribute to the protection of investors 

and the public interest by ensuring that 

qualified Exchange staff continue to 

perform the formal roles prescribed by 

Exchange rules and provide a level of 

oversight to the marketplace on a dayto-day basis, thereby contributing to the 

maintenance of a fair and orderly 

marketplace on the Exchange. 

Finally, the Exchange believes that 

the conforming and technical changes 

would remove impediments to and 

perfect the mechanism of a free and 

open market and a national market 

system and, in general, protect investors 

and the public interest because the 

proposed non-substantive changes 

would add clarity, transparency and 

consistency to the Exchange’s rules. The 

Exchange believes that market 

participants would benefit from the 

increased clarity, thereby reducing 

potential confusion and ensuring that 

persons subject to the Exchange’s 

jurisdiction, regulators, and the 

investing public can more easily 

navigate and understand the Exchange’s 

rules. 

B. Self-Regulatory Organization’s 

Statement on Burden on Competition 

The Exchange does not believe that 

the proposed rule change will impose 

any burden on competition that is not 

necessary or appropriate in furtherance 

of the purposes of the Act. The 

proposed rule change is not intended to 

address competitive issues but is rather 

concerned with transferring Floor 

Official duties and responsibilities 

under Exchange rules to staff Trading 

Officials. The Exchange believes the 

proposed rule changes would streamline 

and modernize the role of the trading 

official on the Floor, thereby 

contributing to the maintenance of a fair 

and orderly marketplace on the 

Exchange to the benefit of all members 

and member organizations and the 

investing public. Moreover, since the 

proposal does not substantively modify 

system functionality or processes on the 

Exchange, the proposed changes will 

not impose any burden on competition. 

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–2020–105 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–2020–105. 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–2020–105 and 

should be submitted on or before 

January 20, 2021. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.17

Eduardo A. Aleman, 

Deputy Secretary. 

[FR Doc. 2020–28805 Filed 12–29–20; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–90771; File No. SR– 

NYSENAT–2020–38] 

Self-Regulatory Organizations; NYSE 

National, Inc.; Notice of Filing and 

Immediate Effectiveness of Proposed 

Rule Change To Extend the Effective 

Date in Commentary .10 Under NYSE 

National Rule 2.1210 

December 22, 2020. 

Pursuant to Section 19(b)(1) of the 

Securities Exchange Act of 1934 (‘‘Act’’ 

or ‘‘Exchange Act’’) 1 and Rule 19b–4 

thereunder,2 notice is hereby given that 

on December 15, 2020, NYSE National, 

Inc. (‘‘NYSE National’’ or the 

‘‘Exchange’’) filed with the Securities 

and Exchange Commission (‘‘SEC’’ or 

‘‘Commission’’) the proposed rule 

change as described in Items I and II 

below, which Items have been prepared 

by the Exchange. The Commission is 

publishing this notice to solicit 

86630 Federal Register / Vol. 85, No. 250 / Wednesday, December 30, 2020 / Notices 

3The term ‘‘ETP Holder’’ means the Exchangeapproved holder of an ETP. See Rule 1.1(i). The 

term ‘‘ETP’’ refers to an Equity Trading Permit 

issued by the Exchange for effecting approved 

securities transactions on the Exchange. See Rule 

1.1(h). 

4 If NYSE National seeks to provide additional 

temporary relief from the rule requirements 

identified in this proposed rule change beyond 

April 30, 2021, NYSE National will submit a 

separate rule filing to further extend the temporary 

extension of time. 

5See Exchange Act Release No. 90617 (December 

9, 2020), 85 FR 81258 (December 15, 2020) (SR– 

FINRA–2020–043) (the ‘‘FINRA Filing’’). The 

Exchange notes that the FINRA Filing also provides 

temporary relief to individuals registered with 

FINRA as Operations Professionals under FINRA 

Rule 1220. The Exchange does not have a 

registration category for Operations Professionals 

and therefore, the Exchange is not proposing to 

adopt that aspect of the FINRA Filing. 

6See https://www.finra.org/rules-guidance/keytopics/covid-19/faq#qe. 

7At the outset of the COVID–19 pandemic, all 

FINRA qualification examinations were 

administered at test centers operated by Prometric. 

Based on the health and welfare concerns resulting 

from COVID–19, in March Prometric closed all of 

its test centers in the United States and Canada and 

began to slowly reopen some of them at limited 

capacity in May. Currently, Prometric has resumed 

testing in many of its United States and Canada test 

centers, at either full or limited occupancy, based 

on local and government mandates. 

8NYSE National Rule 2.1210.03 is the 

corresponding rule to FINRA Rule 1210.04. 

9FINRA Rule 1210.04 (Requirements for 

Registered Persons Functioning as Principals for a 

Limited Period) allows a member firm to designate 

certain individuals to function in a principal 

capacity for 120 calendar days before having to pass 

an appropriate principal qualification examination. 

NYSE National Rule 2.1210.03 provides the same 

allowance to ETP Holders. 

10See Exchange Act Release No. 90117 (October 

7, 2020), 85 FR 65116 (October 14, 2020) (Notice 

of Filing and Immediate Effectiveness of SR– 

NYSENAT–2020–30). 

11See, e.g., Meryl Kornfield, Jacqueline Dupree, 

Marisa Iati, Paulina Villegas, Siobhan O’Grady and 

Hamza Shaban, New daily coronavirus cases in U.S. 

rise to 145,000, latest all-time high, Wash. Post, 

November 11, 2020, https://

www.washingtonpost.com/nation/2020/11/11/ 

coronavirus-covid-live-updates-us/. 

12 Information about the continued impact of 

COVID–19 on FINRA-administered examinations is 

available at https://www.finra.org/rules-guidance/ 

key-topics/covid-19/exams. 

13 Information from Prometric about its safety 

practices and the impact of COVID–19 on its 

operations is available at https://

www.prometric.com/corona-virus-update. See also 

supra note 12. 

14Earlier this year, an online test delivery service 

was launched for candidates seeking to take 

qualification examination remotely. Only certain 

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 

The Exchange proposes a rule change 

to extend the effective date in 

Commentary .10 (Temporary Extension 

of the Limited Period for Registered 

Persons to Function as Principals) under 

NYSE National Rule 2.1210 

(Registration Requirements) applicable 

to ETP Holders, from December 31, 2020 

to April 30, 2021. The proposed rule 

change is available on the Exchange’s 

website at www.nyse.com, at the 

principal office of the Exchange, 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, the 

self-regulatory organization 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 those 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 parts of such 

statements. 

A. Self-Regulatory Organization’s 

Statement of the Purpose of, and 

Statutory Basis for, the Proposed Rule 

Change 

1. Purpose 

The Exchange proposes to extend the 

effective date in Commentary .10 

(Temporary Extension of the Limited 

Period for Registered Persons to 

Function as Principals) under NYSE 

National Rule 2.1210 (Registration 

Requirements) applicable to ETP 

Holders,3 from December 31, 2020 to 

April 30, 2021. The proposed rule 

change would extend the 120-day 

period that certain individuals can 

function as a principal without having 

successfully passed an appropriate 

qualification examination through April 

30, 2021,4 and would apply only to 

those individuals who were designated 

to function as a principal prior to 

January 1, 2021. This proposed rule 

change is based on a filing recently 

submitted by the Financial Regulatory 

Authority, Inc. (‘‘FINRA’’) 5 and is 

intended to harmonize the Exchange’s 

registration rules with those of FINRA 

so as to promote uniform standards 

across the securities industry. 

The COVID–19 pandemic is an 

unpredictable, exogenous event that has 

resulted in unavoidable disruptions to 

the securities industry and impacted 

member firms, regulators, investors and 

other stakeholders. In response to 

COVID–19, earlier this year FINRA 

began providing temporary relief by way 

of frequently asked questions 

(‘‘FAQs’’) 6 to address disruptions to the 

administration of FINRA qualification 

examinations caused by the pandemic 

that have significantly limited the 

ability of individuals to sit for 

examinations due to Prometric test 

center capacity issues.7

FINRA published the first FAQ on 

March 20, 2020, providing that 

individuals who were designated to 

function as principals under FINRA 

Rule 1210.04 8 prior to February 2, 2020, 

would be given until May 31, 2020, to 

pass the appropriate principal 

qualification examination.9 On May 19, 

2020, FINRA extended the relief to pass 

the appropriate examination until June 

30, 2020. On June 29, 2020, FINRA 

again extended the temporary relief 

providing that individuals who were 

designated to function as principals 

under FINRA Rule 1210.04 prior to May 

4, 2020, would be given until August 31, 

2020, to pass the appropriate principal 

qualification examination. 

On September 25, 2020, NYSE 

National filed with the Commission a 

proposed rule change for immediate 

effectiveness to extend the temporary 

relief provided via the FAQ by adopting 

temporary Commentary .10 (Temporary 

Extension of the Limited Period for 

Registered Persons to Function as 

Principals) under NYSE National Rule 

2.1210 (Registration Requirements).10

Pursuant to this rule filing, individuals 

who were designated prior to September 

3, 2020, to function as a principal under 

NYSE National Rule 2.1210.10 have 

until December 31, 2020, to pass the 

appropriate qualification examination. 

The COVID–19 conditions 

necessitating the extension of relief 

provided in the FAQ and SR– 

NYSENAT–2020–30 persist and in fact 

appear to be worsening.11 One of the 

impacts of COVID–19 continues to be 

serious interruptions in the 

administration of FINRA qualification 

examinations at Prometric test centers 

and the limited ability of individuals to 

sit for the examinations.12 Although 

Prometric has been reopening its test 

centers, Prometric’s safety practices 

mean that currently not all test centers 

are open, some of the open test centers 

are at limited capacity, and some open 

test centers are delivering only certain 

examinations that have been deemed 

essential by the local government.13

Furthermore, Prometric has had to close 

some reopened test centers due to 

incidents of COVID–19 cases. The initial 

nationwide closure in March along with 

the inability to fully reopen all 

Prometric test centers due to COVID–19 

have led to a significant backlog of 

individuals who are waiting to sit for 

FINRA examinations that are not 

available online, including the General 

Securities Principal Exam (Series 24).14

Federal Register / Vol. 85, No. 250 / Wednesday, December 30, 2020 / Notices 86631 

qualification examinations are available online. See 

supra note 12. FINRA is considering making 

additional qualification examinations available 

remotely on a limited basis. 

15See, e.g., Centers for Disease Control and 

Prevention, How to Protect Yourself & Others, 

https://www.cdc.gov/coronavirus/2019-ncov/ 

prevent-getting-sick/prevention.html. 

16 15 U.S.C. 78f(b). 

17 15 U.S.C. 78f(b)(5). 

18See FINRA Filing, 85 FR at 81260. 

19 15 U.S.C. 78s(b)(3)(A). 

20 17 CFR 240.19b–4(f)(6). In addition, Rule 19b– 

4(f)(6)(iii) requires a self-regulatory organization to 

give the Commission written notice of its intent to 

file the proposed rule change, along with a brief 

description and text of the proposed rule change, 

at least five business days prior to the date of filing 

of the proposed rule change, or such shorter time 

as designated by the Commission. The Exchange 

has satisfied this requirement. 

In addition, firms are continuing to 

experience operational challenges with 

much of their personnel working from 

home due to shelter-in-place orders, 

restrictions on businesses and social 

activity imposed in various states, and 

adherence to other social distancing 

guidelines consistent with the 

recommendations of public health 

officials.15 As a result, firms continue to 

face potentially significant disruptions 

to their normal business operations that 

may include a limitation of in-person 

activities and staff absenteeism as a 

result of the health and welfare 

concerns stemming from COVID–19. 

Such potential disruptions may be 

further exacerbated and may even affect 

client services if firms cannot continue 

to keep principal positions filled as they 

may have difficulty finding other 

qualified individuals to transition into 

these roles or may need to reallocate 

employee time and resources away from 

other critical responsibilities at the firm. 

These ongoing, extenuating 

circumstances make it impracticable for 

ETP Holders to ensure that the 

individuals whom they have designated 

to function in a principal capacity, as 

set forth in NYSE National Rule 

2.1210.03, are able to successfully sit for 

and pass an appropriate qualification 

examination within the 120-calendar 

day period required under the rule, or 

to find other qualified staff to fill this 

position. The ongoing circumstances 

also require individuals to be exposed to 

the health risks associated with taking 

an in-person examination, because the 

General Securities Principal 

examination is not available online. 

Therefore, NYSE National is proposing 

to extend the effective date of the 

temporary relief provided through SR– 

NYSENAT–2020–30 until April 30, 

2021. The proposed rule change would 

apply only to those individuals who 

were designated to function as a 

principal prior to January 1, 2021. Any 

individuals designated to function as a 

principal on or after January 1, 2021, 

would need to successfully pass an 

appropriate qualification examination 

within 120 days. 

NYSE National believes that this 

proposed continued extension of time is 

tailored to address the needs and 

constraints on an ETP Holder’s 

operations during the COVID–19 

pandemic, without significantly 

compromising critical investor 

protection. The proposed extension of 

time will help to minimize the impact 

of COVID–19 on ETP Holders by 

providing continued flexibility so that 

ETP Holders can ensure that principal 

positions remain filled. The potential 

risks from the proposed extension of the 

120-day period are mitigated by the ETP 

Holder’s continued requirement to 

supervise the activities of these 

designated individuals and ensure 

compliance with federal securities laws 

and regulations, as well as NYSE 

National rules. 

2. Statutory Basis 

The proposed rule change is 

consistent with Section 6(b) of the 

Act,16 in general, and furthers the 

objectives of Section 6(b)(5),17 in 

particular, because it is designed to 

prevent fraudulent and manipulative 

acts and practices, to promote just and 

equitable principles of trade, to foster 

cooperation and coordination with 

persons engaged in facilitating 

transactions in securities, to remove 

impediments to, and perfect the 

mechanism of, a free and open market 

and a national market system and, in 

general, to protect investors and the 

public interest. 

The proposed rule change is intended 

to minimize the impact of COVID–19 on 

ETP Holder operations by extending the 

120-day period certain individuals may 

function as a principal without having 

successfully passed an appropriate 

qualification examination under NYSE 

National Rule 2.1210.03 until April 30, 

2021. The proposed rule change does 

not relieve ETP Holders from 

maintaining, under the circumstances, a 

reasonably designed system to supervise 

the activities of their associated persons 

to achieve compliance with applicable 

securities laws and regulations, and 

with applicable NYSE National rules 

that directly serve investor protection. 

In a time when faced with unique 

challenges resulting from the COVID–19 

pandemic, NYSE National believes that 

the proposed rule change is a sensible 

accommodation that will continue to 

afford ETP Holders the ability to ensure 

that critical positions are filled and 

client services maintained, while 

continuing to serve and promote the 

protection of investors and the public 

interest in this unique environment. 

B. Self-Regulatory Organization’s 

Statement on Burden on Competition 

The Exchange does not believe that 

the proposed rule change will impose 

any burden on competition that is not 

necessary or appropriate in furtherance 

of the purposes of the Act. As set forth 

in SR–NYSENAT–2020–30, the 

proposed rule change is intended solely 

to extend temporary relief necessitated 

by the continued impacts of the COVID– 

19 pandemic and the related health and 

safety risks of conducting in-person 

activities. In its filing, FINRA notes that 

the proposed rule change is necessary to 

temporarily rebalance the attendant 

benefits and costs of the obligations 

under FINRA Rule 1210 in response to 

the impacts of the COVID–19 pandemic 

that would otherwise result if the 

temporary amendments were to expire 

on December 31, 2020.18 The Exchange 

accordingly incorporates FINRA’s 

abbreviated economic impact 

assessment by reference. 

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 

Because the foregoing 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 for 30 days from the date on 

which it was filed, or such shorter time 

as the Commission may designate, it has 

become effective pursuant to Section 

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

4(f)(6) thereunder.20

A proposed rule change filed under 

Rule 19b–4(f)(6) normally does not 

become operative for 30 days after the 

date of filing. However, pursuant to 

Rule 19b–4(f)(6)(iii), the Commission 

may designate a shorter time if such 

action is consistent with the protection 

of investors and the public interest. The 

Exchange has asked the Commission to 

waive the 30-day operative delay so that 

the proposed rule change may become 

operative immediately upon filing. As 

noted above, the Exchange stated that 

the proposed extension of time will help 

minimize the impact of the COVID–19 

86632 Federal Register / Vol. 85, No. 250 / Wednesday, December 30, 2020 / Notices 

21See supra note 15. 22See supra notes 12 and 13. The Exchange states 

that Prometric has also had to close some reopened 

test centers due to incidents of COVID–19 cases. 23See supra note 14. FINRA is considering 

making additional qualification examinations 

available remotely on a limited basis. 24The Exchange states that ETP Holders remain 

subject to the continued requirement to supervise 

the activities of these designated individuals and 

ensure compliance with federal securities laws and 

regulations, as well as NYSE National rules. 

25See supra note 4. 

26As noted above by NYSE National, this 

proposal is an extension of temporary relief 

provided in a prior filing where NYSE National also 

requested and the Commission granted a waiver of 

the 30-day operative delay. See supra note 10, 85 

FR at 65118. 

27For purposes only of waiving the 30-day 

operative delay, the Commission has considered the 

proposed rule change’s impact on efficiency, 

competition, and capital formation. See 15 U.S.C. 

78c(f). 

28 17 CFR 200.30–3(a)(12). 

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

2 17 CFR 240.19b–4. 

outbreak on ETP Holders’ operations by 

allowing them to keep principal 

positions filled and minimizing 

disruptions to client services and other 

critical responsibilities. The Exchange 

further stated that the ongoing 

extenuating circumstances of the 

COVID–19 pandemic make it 

impractical to ensure that individuals 

designated to act in these capacities are 

able to take and pass the appropriate 

qualification examination during the 

120-calendar day period required under 

the rules. The Exchange also explained 

that shelter-in-place orders, 

quarantining, restrictions on business 

and social activity and adherence to 

social distancing guidelines consistent 

with the recommendations of public 

officials remain in place in various 

states.21 In addition, the Exchange 

observed that, following a nationwide 

closure of all test centers earlier in the 

year, some test centers have re-opened, 

but are operating at limited capacity or 

are only delivering certain examinations 

that have been deemed essential by the 

local government.22 Although, as the 

Exchange noted, FINRA has launched 

an online test delivery service to help 

address this backlog, the General 

Securities Principal (Series 24) 

Examination is not available online.23

Nevertheless, the Exchange explained 

that the proposed rule change will 

provide needed flexibility to ensure that 

these positions remain filled and is 

tailored to address the constraints on 

ETP Holders’ operations during the 

COVID–19 pandemic without 

significantly compromising critical 

investor protection.24

The Commission observes that the 

Exchange’s proposal, like the FINRA 

Filing, provides only an extension to 

temporary relief from the requirement to 

pass certain qualification examinations 

within the 120-day period in the rules. 

As proposed, this relief would extend 

the 120-day period that certain 

individuals can function as principals 

through April 30, 2021. If a further 

extension of temporary relief from the 

rule requirements identified in this 

proposal beyond April 30, 2021 is 

required, the Exchange noted that it may 

submit a separate rule filing to extend 

the effectiveness of the temporary relief 

under these rules.25 For these reasons, 

the Commission believes that waiver of 

the 30-day operative delay is consistent 

with the protection of investors and the 

public interest.26 Accordingly, the 

Commission hereby waives the 30-day 

operative delay and designates the 

proposal operative upon filing.27

At any time within 60 days of the 

filing of the 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 

to determine whether the proposed rule 

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–2020–38 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–2020–38. 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 such 

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–2020–38 and 

should be submitted on or before 

January 20, 2021. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.28

Eduardo A. Aleman, 

Deputy Secretary. 

[FR Doc. 2020–28801 Filed 12–29–20; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–90772; File No. SR– 

NASDAQ–2020–088] 

Self-Regulatory Organizations; The 

Nasdaq Stock Market LLC; Notice of 

Filing and Immediate Effectiveness of 

Proposed Rule Change To Withdraw 

the Exchange’s QView Product From 

Sale 

December 22, 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 Nasdaq Stock Market LLC 

(‘‘Nasdaq’’ or ‘‘Exchange’’) filed with the 

Securities and Exchange Commission 

(‘‘Commission’’) the proposed rule 

change as described in Items I and II 

below, which Items have been prepared 

by the Exchange. The Commission is 

publishing this notice to solicit 

comments on the proposed rule change 

from interested persons.