7426 Federal Register / Vol. 86, No. 17 / Thursday, January 28, 2021 / Notices 

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

2 17 CFR 240.19b–4. 

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

4 17 CFR 240.19b–4(f)(6). 

5The term ‘‘Composite Market’’ means the market 

for a series comprised of (1) the higher of the thencurrent best appointed Market-Maker bulk message 

bid on the Exchange and the away best bid (‘‘ABB’’) 

(if there is an ABB) and (2) the lower of the thencurrent best appointed Market-Maker bulk message 

offer on the Exchange and the away best offer 

(‘‘ABO’’) (if there is an ABO). The term ‘‘Composite 

Bid (Offer)’’ means the bid (offer) used to determine 

the Composite Market. See Rule 6.11(a). 

6The term ‘‘Composite Width’’ means the width 

of the Composite Market (i.e., the width between 

the Composite Bid and the Composite Offer) of a 

series. See Rule 6.11(a). 

7See Rule 6.11(e)(1)(C). The proposed rule 

change codifies in this provision that a series is not 

eligible to open if there is no Composite Market or 

if the Composite Market is crossed. This is true 

today and implied by the current rule text. Rule 

6.11(e)(1)(A) and (B) both state that the Maximum 

Composite Width Check is only satisfied if the 

Composite Market of a series is not crossed, and the 

proposed rule change merely adds the same 

language to subparagraph (C) (i.e., if the Composite 

Market of a series is crossed, then neither of the 

4. Minimize the burden of the 

collection of information on those who 

are to respond, including through the 

use of appropriate automated, 

electronic, mechanical, or other 

technological collection techniques or 

other forms of information technology, 

e.g., permitting electronic submissions 

of responses. 

Form RI 38–128, It’s Time to Sign Up 

for Direct Deposit or Direct Express, 

provides the opportunity for the 

annuitant to elect Direct Deposit or 

Direct Express. This election is required 

only once: When a person is first put on 

our rolls. 

Analysis 

Agency: Retirement Operations, 

Retirement Services, Office of Personnel 

Management. 

Title: It’s Time to Sign Up for Direct 

Deposit or Direct Express. 

OMB Number: 3206–0226. 

Frequency: On occasion. 

Affected Public: Individuals or 

Households. 

Number of Respondents: 20,000. 

Estimated Time per Respondent: 30 

minutes. 

Total Burden Hours: 10,000. 

Office of Personnel Management. 

Alexys Stanley, 

Regulatory Affairs Analyst. 

[FR Doc. 2021–01861 Filed 1–27–21; 8:45 am] 

BILLING CODE 6325–38–P 

OFFICE OF PERSONNEL 

MANAGEMENT 

Federal Prevailing Rate Advisory 

Committee; Cancellation of Upcoming 

Virtual Public Meeting 

AGENCY: Office of Personnel 

Management. 

ACTION: Notice. 

SUMMARY: The Federal Prevailing Rate 

Advisory Committee is issuing this 

notice to cancel the February 18, 2021, 

public meeting scheduled to be held via 

teleconference, beginning at 10:00 a.m. 

(EDT). The Federal Register notice 

announcing this virtual public meeting 

was published Wednesday, January 13, 

2021, at 86 FR 2709. 

FOR FURTHER INFORMATION CONTACT: 

Mark Allen, 202–606–2858, or email 

pay-leave-policy@opm.gov. 

Office of Personnel Management. 

Alexys Stanley, 

Regulatory Affairs Analyst. 

[FR Doc. 2021–01825 Filed 1–27–21; 8:45 am] 

BILLING CODE 6325–49–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–90966; File No. SR–C2– 

2021–001] 

Self-Regulatory Organizations; Cboe 

C2 Exchange, Inc.; Notice of Filing and 

Immediate Effectiveness of a Proposed 

Rule Change Relating To Amend Its 

Opening Process for Simple Orders 

January 22, 2021. 

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

Securities Exchange Act of 1934 (the 

‘‘Act’’),1 and Rule 19b–4 thereunder,2

notice is hereby given that on January 

11, 2021, Cboe C2 Exchange, Inc. (the 

‘‘Exchange’’ or ‘‘C2’’) filed with the 

Securities and Exchange Commission 

(the ‘‘Commission’’) the proposed rule 

change as described in Items I and II, 

below, which Items have been prepared 

by the Exchange. The Exchange filed the 

proposal as a ‘‘non-controversial’’ 

proposed rule change pursuant to 

Section 19(b)(3)(A)(iii) of the Act 3 and 

Rule 19b–4(f)(6) thereunder.4 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 

Cboe C2 Exchange, Inc. (the 

‘‘Exchange’’ or ‘‘C2’’) proposes to amend 

its opening process for simple orders. 

The text of the proposed rule change is 

provided in Exhibit 5. 

The text of the proposed rule change 

is also available on the Exchange’s 

website (http://markets.cboe.com/us/ 

options/regulation/rule_filings/ctwo/), 

at the Exchange’s Office of the 

Secretary, 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 

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 

The Exchange proposes to amend 

Rule 6.11 regarding its opening process 

for simple orders. Currently, following 

the occurrence of an opening rotation 

trigger pursuant to Rule 6.11(d), the 

System conducts an opening rotation for 

an option series. Following the opening 

rotation trigger, the System conducts the 

Maximum Composite Width Check 

pursuant to Rule 6.11(e)(1) to determine 

if a series is eligible to open. If the 

Composite Market 5 of a series is not 

crossed, and the Composite Width 6 of 

the series is less than or equal to the 

Maximum Composite Width (as defined 

in Rule 6.11(a)), the series is eligible to 

open. Additionally, if the Composite 

Market of a series is not crossed, and the 

Composite Width of the series is greater 

than the Maximum Composite Width, 

but there are (i) no non-M Capacity (a) 

market orders or (b) buy (sell) limit 

orders with prices higher (lower) than 

the Composite Market midpoint and (ii) 

no orders or quotes marketable against 

each other, the series is eligible to open. 

Once a series become eligible to open, 

the System conducts the opening 

auction for the series (i.e., determines 

the opening trade price pursuant to Rule 

6.11(e)(2) and opens the series pursuant 

to Rule 6.11(e)(3)). The Exchange may 

also determine to compel a series to 

open in the interest of fair and orderly 

markets, including if the opening width 

is wider than the Maximum Composite 

Width, pursuant to Rule 6.11(h). 

Currently, if a series cannot satisfy 

these conditions described above (and 

thus is not eligible to open), the series 

is ineligible to open.7 When that occurs,