11372 Federal Register / Vol. 86, No. 35 / Wednesday, February 24, 2021 / Notices 

19 17 CFR 200.30–3(a)(12). 

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

2 17 CFR 240.19b–4. 

3As provided in the Fee Schedule, a ‘‘Qualified 

Security’’ refers to a BZX-listed security for which 

Existing Procedures and PNU cabinet 

provisions, and would serve to reduce 

any potential for confusion on how 

cabinets and power would be allocated 

if a shortage in one or the other were to 

arise in the future, and would thereby 

make the Price List more transparent 

and reduce any potential ambiguity. 

For the reasons described above, the 

Exchange believes that the proposed 

rule change reflects this competitive 

environment. 

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– 

NYSENAT–2021–03 on the subject line. 

Paper Comments 

• Send paper comments in triplicate 

to: Securities and Exchange 

Commission, 100 F Street NE, 

Washington, DC 20549–1090. 

All submissions should refer to File 

Number SR–NYSENAT–2021–03. 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–2021–03 and 

should be submitted on or before March 

17, 2021. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.19

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2021–03718 Filed 2–23–21; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–91151; File No. SR– 

CboeBZX–2021–016] 

Self-Regulatory Organizations; Cboe 

BZX Exchange, Inc.; Notice of Filing 

and Immediate Effectiveness of a 

Proposed Rule Change To Amend the 

Fee Schedule 

February 18, 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 February 

10, 2021, Cboe BZX Exchange, Inc. (the 

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

Securities and Exchange Commission 

(the ‘‘Commission’’) the proposed rule 

change as described in Items I, II, and 

III, 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. 

I. Self-Regulatory Organization’s 

Statement of the Terms of Substance of 

the Proposed Rule Change 

Cboe BZX Exchange, Inc. (the 

‘‘Exchange’’ or ‘‘BZX’’) is filing with the 

Securities and Exchange Commission 

(‘‘Commission’’) a proposed rule change 

to amend the Fee Schedule. 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/ 

equities/regulation/rule_filings/bzx/), 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 the 

Fee Schedule applicable to its equities 

trading platform (‘‘BZX Equities’’) to 

expand the Lead Market Maker 

(‘‘LMM’’) Pricing provided under 

footnote 14 to include new paragraph 

(B) entitled ‘‘LMM Add Liquidity 

Rebate.’’ Specifically, the Exchange is 

proposing a new rebate for LMMs in 

higher volume BZX-listed securities that 

is designed to allow an LMM to opt-in 

to a more traditional LMM incentive 

than the Exchange’s current LMM 

pricing model. As proposed, the LMM 

Add Liquidity Rebate would provide an 

enhanced per share rebate for those 

BZX-listed securities that meet certain 

volume thresholds, for which the LMM 

opts for the security to be included in 

the LMM Add Liquidity Rebate, and for 

which the security is a Qualified 

Security.3 The proposed rebate is 


khammond on DSKJM1Z7X2PROD with NOTICES
Federal Register / Vol. 86, No. 35 / Wednesday, February 24, 2021 / Notices 11373 

the applicable LMM is a Qualified LMM. ‘‘Qualified 

LMM’’ means an LMM that meets the Minimum 

Performance Standards. 

4The Exchange initially filed the proposed fee 

changes February 1, 2021 (SR–CboeBZX–2021– 

015). On February 10, 2021, the Exchange withdrew 

that filing and submitted this proposal. 

5As defined in Rule 11.8(e)(1)(E), the term 

‘‘Minimum Performance Standards’’ means a set of 

standards applicable to an LMM that may be 

determined from time to time by the Exchange. 

Such standards will vary between LMM Securities 

depending on the price, liquidity, and volatility of 

the LMM Security in which the LMM is registered. 

The performance measurements will include: (A) 

Percent of time at the NBBO; (B) percent of 

executions better than the NBBO; (C) average 

displayed size; and (D) average quoted spread. The 

Fee Schedule currently references Rule 11.8(e)(1)(D) 

rather than 11.8(e)(1)(E), and as discussed herein, 

the Exchange is proposing to amend the Fee 

Schedule to reference Rule 11.8(e)(1)(E). 

6The current Minimum Performance Standards 

include: (i) Registration as a market maker in good 

standing with the Exchange; (ii) time at the inside 

requirements (generally between 3% and 15% of 

Regular Trading Hours for Qualified Securities and 

between 5% to 50% for Enhanced Securities, 

depending on the average daily volume of the 

applicable LMM Security); (iii) auction 

participation requirements (generally requiring that 

the auction price is between 3% and 5% of the last 

Reference Price, as defined in Rule 11.23(a)(19), for 

a Qualified Security and 1%–3% for an Enhanced 

Security (the ‘‘Enhanced Auction Range’’); (iv) 

market-wide NBB and NBO spread and size 

requirements (generally requiring between 200 and 

750 shares at both the NBB and NBO for both 

Qualified Securities and Enhanced Securities with 

an NBBO spread between 1% and 10% for a 

Qualified Security and .25% to 4% for Enhanced 

Securities, depending on price of the security and 

underlying asset class); and (v) depth of book 

requirements (generally requiring between $25,000 

and $250,000 of displayed posted liquidity for both 

Qualified Securities and Enhanced Securities 

within 1% to 10% of both the NBB and NBO for 

Qualified Securities and 0.25% and 5% for 

Enhanced Securities, depending on price of the 

security and underlying asset class). See Securities 

Exchange Act No. 86213 (June 27, 2019) 84 FR 

31951 (July 3, 2019) (SR–CboeBZX–2019–058) (the 

‘‘Original Filing’’). The Exchange notes that as of 

February 1, 2021, the Enhanced Auction Range will 

be .50%–3%. The Original Filing provides that 

‘‘[b]efore diverging significantly from the ranges 

described above, the Exchange will submit a rule 

filing to the Commission describing such proposed 

changes.’’ The Exchange does not believe that this 

change represents a ‘‘significant divergence’’ but is 

instead noting the change in order to provide 

transparency regarding the current state of the 

Minimum Performance Standards. 

7An ‘‘Enhanced Security’’ refers to a BZX-listed 

security which meets certain enhanced qualifying 

market quality standards. 8Like the Standard and Enhanced Rates provided 

under the existing LMM Liquidity Provision Rates 

(i.e., paragraph (A) of footnote 14), the proposed 

rebate would apply only to MPIDs that are LMMs. 9 ‘‘CADV’’ means consolidated average daily 

volume calculated as the average daily volume 

reported for a security by all exchanges and trade 

reporting facilities to a consolidated transaction 

reporting plan for the three calendar months 

preceding the month for which the fees apply and 

excludes volume on days when the market closes 

early and on the Russell Reconstitution Day. 

10New listings and transferred listings made 

during a given month will not be eligible for the 

LMM Add Liquidity Rebate during that month. 

11An LMM must opt in to the LMM Add 

Liquidity Rebate each time a Qualified Security is 

eligible for the rebate after having failed to meet the 

CADV Requirement during the prior month(s). 

designed to create a more 

comprehensive liquidity provision 

program to incentivize LMMs to provide 

enhanced market quality across all BZXlisted securities, including in higher 

volume securities where transactionbased incentives may better incentivize 

liquidity provision than current 

programs.4

The Exchange also proposes to reletter existing paragraphs (B) and (C) 

based on the new proposed paragraph, 

make a ministerial change to the 

definition of ‘‘Qualified LMM’’ in the 

Fee Schedule, and eliminate the Market 

Depth Tier provided under footnote 1 of 

the Fee Schedule. 

The Exchange currently offers LMM 

Liquidity Provision Rates which provide 

LMMs daily incentives that are based on 

whether the LMM meets certain 

performance based criteria (i.e., the 

applicable Minimum Performance 

Standard 5).6 Specifically, the Exchange 

provides each LMM with a daily 

incentive based on how many Qualified 

Securities or Enhanced Securities 7 the 

LMM has and the average aggregate 

daily auction volume in the BZX-listed 

securities for which it is an LMM 

(‘‘LMM Securities’’). The LMM 

Liquidity Provision Rates were 

implemented to incentivize LMMs to 

meet the Minimum Performance 

Standards across all of their LMM 

Securities, especially for newly listed 

and other lower volume securities. 

Now, the Exchange is proposing to 

offer an opt-in LMM Add Liquidity 

Rebate of $0.0039 per share to an LMM 8

that elects to participate in the program 

for a particular Qualified Security. As 

proposed, an LMM that opts to 

participate in the LMM Add Liquidity 

Rebate for a particular LMM Security 

would not receive the otherwise 

applicable Liquidity Provision Rate that 

it would receive under the program 

today. In order to be eligible for the 

proposed rebate, the LMM Security 

must first have a consolidated average 

daily volume (‘‘CADV’’) 9 of at least 

1,000,000 shares (the ‘‘CADV 

Requirement’’).10 Specifically, an LMM 

may opt in to the program for the next 

calendar month if an LMM Security has 

a CADV of at least 1,000,000 shares 

during the prior month. For example, if 

an LMM Security has a CADV of at least 

1,000,000 shares for the month of 

December 2020, the LMM may opt in to 

the LMM Add Liquidity Rebate for that 

security during January 2021, which 

would apply to its trading in the LMM 

Security for the month of February 

2021. If the LMM Security does not 

meet the CADV Requirement for a given 

month, the LMM Security will be 

automatically un-enrolled from the 

LMM Add Liquidity Rebate. Like the 

LMM Liquidity Provision Rates, the 

LMM must meet the Minimum 

Performance Standards applicable to 

Qualified Securities. 

For example, assume an LMM opts in 

to the proposed program for the month 

of February 2021 in symbol ABCD. If the 

LMM meets the Minimum Performance 

Standards for a given trading day, the 

MPID would receive a rebate per share 

of $0.0039 in symbol ABCD instead of 

the rebate normally applied to the 

Member’s trading in the symbol, which 

could range from $0.0020 to $0.0033 per 

share. On any trading day in which the 

LMM does not meet the Minimum 

Performance Standards in symbol 

ABCD, the MPID would receive the 

rebate normally applied to the Member’s 

trading in the symbol. While opting in 

to the LMM Add Liquidity Rebate 

would preclude the LMM from 

receiving the LMM Liquidity Provision 

Rates for the elected LMM Security, it 

would not preclude an LMM from 

achieving other incentives (e.g., LMM 

Add Volume Tiers). 

As discussed above, the LMM Add 

Liquidity Rebate would be available on 

a symbol-by-symbol basis for LMM 

Securities meeting the CADV 

Requirement. For any security that the 

LMM does not opt in to the LMM Add 

Liquidity Rebate, the LMM will 

continue to participate in the Liquidity 

Provision Rates by default. An LMM 

may opt in to the LMM Add Liquidity 

Rebate program instead of the default 

LMM Liquidity Provision Rates program 

for a given LMM Security for the 

following calendar month. By default, 

an LMM will be subject to the LMM 

Liquidity Provision Rates unless it opts 

in to the LMM Add Liquidity Rebate. 

Specifically, if an LMM Security is 

eligible for the LMM Add Liquidity 

Rebate (i.e., meets the CADV 

Requirement), an LMM will be able to 

enroll the LMM Security in the program 

via the Exchange’s ETP Portal. LMM 

Securities that do not meet the CADV 

Requirement will be ineligible for the 

program and will not be available for 

selection in the ETP Portal. Further, 

LMM elections will remain the same as 

the prior month unless changed by the 

LMM or the LMM Security fails to meet 

the CADV Requirement.11

In addition to the above, the Exchange 

proposes three additional modifications 

to the Fee Schedule. First, the Exchange 

proposes to re-letter existing paragraphs 

(B) and (C) under footnote 14 based on 

the proposed amendment to add a new 


khammond on DSKJM1Z7X2PROD with NOTICES
11374 Federal Register / Vol. 86, No. 35 / Wednesday, February 24, 2021 / Notices 

12 15 U.S.C. 78f. 

13 15 U.S.C. 78f(b)(4) and (5). 

paragraph (B). Second, the Exchange 

proposes to make a ministerial change 

to the definition of ‘‘Qualified LMM’’ in 

the Fee Schedule to reference Rule 

11.8(e)(1)(E) instead of (D). Third, the 

Exchange proposes to eliminate the 

Market Depth Tier provided under 

Footnote 1 of the Fee Schedule. The 

proposal will have no impact on 

Members as no Member has recently 

met the Market Depth Tier. 

2. Statutory Basis 

The Exchange believes that the 

proposed rule changes are consistent 

with the objectives of Section 6 of the 

Act,12 in general, and furthers the 

objectives of Section 6(b)(4) and 

6(b)(5),13 in particular, as it is designed 

to provide for the equitable allocation of 

reasonable dues, fees and other charges 

among its Members and other persons 

using its facilities. The Exchange also 

notes that its listing business operates in 

a highly competitive market in which 

market participants, which includes 

both issuers and LMMs, can readily 

transfer their listings or opt not to 

participate, respectively, if they deem 

fee levels, liquidity provision incentive 

programs, or any other factor at a 

particular venue to be insufficient or 

excessive. The proposed rule changes 

reflect a competitive pricing structure 

designed to incentivize issuers to list 

new products and transfer existing 

products to the Exchange and market 

participants to enroll and participate as 

LMMs on the Exchange, which the 

Exchange believes will enhance market 

quality in all securities listed on the 

Exchange. 

The Exchange believes that the 

proposal to adopt incentives based on 

both Minimum Performance Standards 

and transactions under the LMM Add 

Liquidity Rebate is a reasonable means 

to incentivize market quality in 

securities listed on the Exchange. The 

marketplace for listings is extremely 

competitive and there are several other 

national securities exchanges that offer 

listings. Transfers between listing 

venues occur frequently for numerous 

reasons, including market quality. As 

noted above, the LMM Add Liquidity 

Rebate allows the Exchange to offer 

LMM pricing comparable to other 

traditional LMM programs available on 

other listing venues and, as such, this 

proposal is intended to help the 

Exchange compete as a listing venue. 

Further, the Exchange notes that the 

proposed incentives are not transaction 

fees, nor are they fees paid by 

participants to access the Exchange. 

Rather, the proposed payments are 

based on achieving certain objective 

market quality and transaction-based 

metrics. 

As stated above, the proposed rebate 

would continue to encourage LMMs to 

meet the Minimum Performance 

Standards for Qualified Securities, but 

would provide the potential for 

additional incentives for higher volume 

securities. The proposed rebate would 

provide LMMs with the flexibility to opt 

in to an additional pricing program that 

better incentivizes LMMs to meet 

certain market quality metrics in higher 

volume securities, which, when coupled 

with the existing LMM Liquidity 

Provision Rates, would provide a more 

comprehensive program to incentivize 

LMMs to provide enhanced market 

quality across all LMM Securities. 

Specifically, the LMM Liquidity 

Provision Rates are designed to 

incentivize LMMs to meet the Minimum 

Performance Standards in lower volume 

securities where transaction-based 

incentives may not sufficiently 

incentivize liquidity and the proposed 

LMM Add Liquidity Rates would 

incentivize LMMs to meet the Minimum 

Performance Standards in higher 

volume securities through the potential 

of greater economic benefits, which the 

Exchange believes is reasonable. The 

Exchange believes the proposal will 

benefit all investors by both increasing 

competition among LMMs in higher 

volume securities and leading to tighter 

and deeper markets to the benefit of all 

market participants. 

The Exchange believes that it is 

reasonable only for securities that meet 

the CADV Requirement to be eligible for 

the LMM Add Liquidity Rates because 

the Exchange does not want to 

disincentivize LMMs in lower volume 

securities from meeting the standards 

applicable to Enhanced Securities. Such 

lower volume securities generally 

benefit more from LMMs meeting the 

standards applicable to Enhanced 

Securities and the Exchange believes 

that it is reasonable to continue to 

require LMMs in securities that do not 

meet the CADV Requirement to meet 

such standards in order to maximize 

their daily payment. 

The Exchange believes that it is 

reasonable to offer the LMM Add 

Liquidity Rates only for securities that 

meet the CADV Requirement, because 

the Exchange generally makes more 

revenue the greater the trading volume 

in the trading volume [sic]. Specifically, 

as the proposed incentives are available 

only in LMM Securities that meet the 

CADV Requirement, the incentives are 

generally commensurate with the 

Exchange’s revenue in that LMM 

Security. Further, the LMM Add 

Liquidity Rates provide an alternative 

incentive structure for LMMs that may 

better incentivize them to meet the 

required criteria for the LMM Security. 

The Exchange believes the LMM Add 

Liquidity Rates adds an alternative 

rebate structure that, coupled with the 

LMM Liquidity Provision Rates, would 

create a comprehensive incentive 

structure that will encourage 

participation and, further, competition 

among LMMs. The Exchange believes 

that increased participation and 

competition among LMMs will result in 

better market quality across all of its 

listings, resulting in greater market 

quality to the benefit of investors and 

other market participants. 

The Exchange believes it is reasonable 

that an LMM forfeit the LMM Liquidity 

Provision Rates if it opts in to the LMM 

Add Liquidity Rates. As described 

above, opting in to the LMM Add 

Liquidity Rates would allow the 

possibility of greater economic benefit 

for LMMs by offering a per share rebate. 

As a result, LMMs would have the 

possibility of receiving a higher 

payment for acting as an LMM in an 

LMM Security, which the Exchange 

believes makes it reasonable to remove 

the stipend style payment that exists 

under the LMM Liquidity Provision 

Rates. Furthermore, the proposal is optin only; therefore, LMMs may opt not to 

participate if they do not believe that 

they would benefit from opting in or if 

they deem the LMM Add Liquidity 

Rates insufficient in a given LMM 

Security. 

The Exchange believes that the 

proposal represents an equitable 

allocation of payments and is not 

unfairly discriminatory because, while 

the proposed payments apply only to 

LMMs, such LMMs must meet rigorous 

Minimum Performance Standards in 

order to receive the proposed rebate. 

Where an LMM does not meet the 

Minimum Performance Standards for 

the applicable LMM Security, they will 

not be eligible for the proposed rebates. 

Further, registration as an LMM is 

available equally to all Members and 

allocation of listed securities between 

LMMs is governed by Exchange Rule 

11.8(e)(2). If an LMM does not meet the 

Minimum Performance Standards for 

three out of the past four months, the 

LMM is subject to forfeiture of LMM 

status for that LMM Security, at the 

Exchange’s discretion. 

The Exchange believes that its 

proposal to eliminate the Market Depth 

Tier is designed to provide for the 

equitable allocation of reasonable dues, 

fees and other charges among its 

Members and other persons using its 


khammond on DSKJM1Z7X2PROD with NOTICES
Federal Register / Vol. 86, No. 35 / Wednesday, February 24, 2021 / Notices 11375 

14 15 U.S.C. 78s(b)(3)(A). 

15 17 CFR 240.19b–4(f). 16 17 CFR 200.30–3(a)(12). 

facilities primarily because it will have 

no impact on Members as no Member 

has recently met the tier. Removing this 

tier does not impact any other tiers 

available to Members and removal of 

this tier will apply equally to all 

Members. 

The Exchange believes its proposal to 

re-letter paragraphs (B) and (C) under 

footnote 14 and amend the definition of 

Qualified LMM will have no impact on 

Members of the Exchange as they are 

ministerial in nature. 

B. Self-Regulatory Organization’s 

Statement on Burden on Competition 

The Exchange does not believe that 

the proposed rule changes will impose 

any burden on competition not 

necessary or appropriate in furtherance 

of the purposes of the Act. The 

Exchange does not believe the proposed 

change burdens competition, but rather, 

enhances competition as it is intended 

to increase the competitiveness of BZX 

both among Members by incentivizing 

Members to become LMMs in BZXlisted securities and as a listing venue 

by enhancing market quality in BZXlisted securities. The marketplace for 

listings is extremely competitive and 

there are several other national 

securities exchanges that offer listings. 

Transfers between listing venues occur 

frequently for numerous reasons, 

including market quality. This proposal 

is intended to help the Exchange 

compete as a listing venue. Accordingly, 

the Exchange does not believe that the 

proposed change will impair the ability 

of issuers, LMMs, or competing listing 

venues to maintain their competitive 

standing. The Exchange also notes that 

the proposed change is intended to 

enhance market quality in BZX-listed 

securities, to the benefit of all investors 

in BZX-listed securities. The Exchange 

does not believe the proposed 

amendment would burden intra-market 

competition as it would be available to 

all Members uniformly. Registration as 

an LMM is available equally to all 

Members and allocation of listed 

securities between LMMs is governed by 

Exchange Rule 11.8(e)(2). Further, if an 

LMM does not meet the Minimum 

Performance Standards for three out of 

the past four months, the LMM is 

subject to forfeiture of LMM status for 

that LMM Security, at the Exchange’s 

discretion. 

C. Self-Regulatory Organization’s 

Statement on Comments on the 

Proposed Rule Change Received From 

Members, Participants, or Others 

The Exchange neither solicited nor 

received comments on the proposed 

rule change. 

III. Date of Effectiveness of the 

Proposed Rule Change and Timing for 

Commission Action 

The foregoing rule change has become 

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

of the Act 14 and paragraph (f) of Rule 

19b–4 15 thereunder. 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 will institute proceedings 

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– 

CboeBZX–2021–016 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–CboeBZX–2021–016. 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–CboeBZX–2021–016 and 

should be submitted on or before March 

17, 2021. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.16

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2021–03725 Filed 2–23–21; 8:45 am] 

BILLING CODE 8011–01–P 

DEPARTMENT OF STATE 

[Public Notice: 11359] 

30-Day Notice of Proposed Information 

Collection: Request for Entry Into 

Children’s Passport Issuance Alert 

Program 

ACTION: Notice of request for public 

comment and submission to OMB of 

proposed collection of information. 

SUMMARY: The Department of State has 

submitted the information collection 

described below to the Office of 

Management and Budget (OMB) for 

approval. In accordance with the 

Paperwork Reduction Act of 1995 we 

are requesting comments on this 

collection from all interested 

individuals and organizations. The 

purpose of this notice is to allow 30 

days for public comment. 

DATES: Submit comments directly to the 

Office of Management and Budget 

(OMB) up to March 26, 2021. 

ADDRESSES: Direct comments to the 

Department of State Desk Officer in the 

Office of Information and Regulatory 

Affairs at the Office of Management and 

Budget (OMB). You may submit 

comments by the following methods: 

• Email: oira_submission@

omb.eop.gov. You must include the DS 

form number, information collection 

title, and the OMB control number in 

the subject line of your message. 

• Fax: 202–395–5806. Attention: Desk 

Officer for Department of State. 


khammond on DSKJM1Z7X2PROD with NOTICES