84030 Federal Register / Vol. 88, No. 230 / Friday, December 1, 2023 / Notices 

13 15 U.S.C. 78s(b)(3)(A). 14 17 CFR 240.19b–4(f). 

15 17 CFR 200.30–3(a)(12). 

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

purchasers of historical Open-Close 

Data. 

The Exchange believes that the 

proposed incentive program for any 

Member or non-Member who purchases 

historical Open-Close Data is reasonable 

because such purchasers would receive 

a 20% discount for purchasing $20,000 

or more worth of historical Open-Close 

Data. The Exchange believes the 

proposed discount is reasonable as it 

will give purchasers the ability to use 

and test the historical Open-Close Data 

at a discounted rate, prior to purchasing 

additional months or a monthly 

subscription, and will therefore 

encourage and promote users to 

purchase the historical Open-Close 

Data. Further, the proposed discount is 

intended to promote increased use of 

the Exchange’s historical Open-Close 

Data by defraying some of the costs a 

purchaser would ordinarily have to 

expend before using the data product. 

The Exchange believes that the 

proposed discount is equitable and not 

unfairly discriminatory because it will 

apply equally to all Members and nonMembers who purchase historical OpenClose Data. Lastly, the purchase of this 

data product is discretionary and not 

compulsory. Indeed, no market 

participant is required to purchase the 

historical Open-Close Data, and the 

Exchange is not required to make the 

historical Open-Close Data available to 

all investors. Potential purchasers may 

request the data at any time if they 

believe it to be valuable or may decline 

to purchase such data. 

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 

Exchange operates in a highly 

competitive environment in which the 

Exchange must continually adjust its 

fees to remain competitive. Because 

competitors are free to modify their own 

fees in response, the Exchange believes 

that the degree to which fee changes in 

this market may impose any burden on 

competition is extremely limited. As 

discussed above, Open-Close Data is 

subject to direct competition from 

several other options exchanges that 

offer substitutes to Open-Close Data. 

Moreover, purchase of Open-Close Data 

is optional. It is designed to help 

investors understand underlying market 

trends to improve the quality of 

investment decisions, but is not 

necessary to execute a trade. 

The proposed rule changes are 

grounded in the Exchange’s efforts to 

compete more effectively. In this 

competitive environment, potential 

purchasers are free to choose which, if 

any, similar product to purchase to 

satisfy their need for market 

information. As a result, the Exchange 

believes this proposed rule change 

permits fair competition among national 

securities exchanges. Further, the 

Exchange believes that these changes 

will not cause any unnecessary or 

inappropriate burden on intermarket 

competition, as the proposed incentive 

program applies uniformly to any 

purchaser of historical Open-Close Data. 

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 13 and paragraph (f) of Rule 

19b–4 14 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 (https://www.sec.gov/ 

rules/sro.shtml); or 

• Send an email to rule-comments@

sec.gov. Please include file number SR– 

CboeBZX–2023–094 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–2023–094. 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 (https://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 

a.m. and 3 p.m. Copies of the filing also 

will be available for inspection and 

copying at the principal office of the 

Exchange. Do not include personal 

identifiable information in submissions; 

you should submit only information 

that you wish to make available 

publicly. We may redact in part or 

withhold entirely from publication 

submitted material that is obscene or 

subject to copyright protection. All 

submissions should refer to file number 

SR–CboeBZX–2023–094 and should be 

submitted on or before December 22, 

2023. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.15

Sherry R. Haywood, 

Assistant Secretary. 

[FR Doc. 2023–26491 Filed 11–30–23; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–99021; File No. SR– 

NYSEARCA–2023–80] 

Self-Regulatory Organizations; NYSE 

Arca, Inc.; Notice of Filing and 

Immediate Effectiveness of Proposed 

Rule Change To Modify the NYSE Arca 

Options Fee Schedule 

November 27, 2023. 

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

Securities Exchange Act of 1934 


lotter on DSK11XQN23PROD with NOTICES1
Federal Register / Vol. 88, No. 230 / Friday, December 1, 2023 / Notices 84031 

2 15 U.S.C. 78a. 

3 17 CFR 240.19b–4. 

4The Exchange originally filed to amend the Fee 

Schedule on October 31, 2023 (SR–NYSEARCA– 

2023–75) and withdrew such filing on November 

15, 2023. 

5See Fee Schedule, NYSE Arca OPTIONS: 

TRADE-RELATED CHARGES FOR STANDARD 

OPTIONS, FIRM AND BROKER DEALER 

MONTHLY FEE CAP. 

6 15 U.S.C. 78f(b). 

7 15 U.S.C. 78f(b)(4) and (5). 

8See Securities Exchange Act Release No. 51808 

(June 9, 2005), 70 FR 37496, 37499 (June 29, 2005) 

(S7–10–04) (‘‘Reg NMS Adopting Release’’). 

9The OCC publishes options and futures volume 

in a variety of formats, including daily and monthly 

volume by exchange, available here: https://

www.theocc.com/Market-Data/Market-DataReports/Volume-and-Open-Interest/MonthlyWeekly-Volume-Statistics. 

10Based on a compilation of OCC data for 

monthly volume of equity-based options and 

monthly volume of equity-based ETF options, see 

id., the Exchange’s market share in equity-based 

options increased from 10.84% for the month of 

September 2022 to 11.48% for the month of 

September 2023. 

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

notice is hereby given that, on 

November 15, 2023, NYSE Arca, Inc. 

(‘‘NYSE Arca’’ or the ‘‘Exchange’’) 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 self-regulatory 

organization. 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 

The Exchange proposes to modify the 

NYSE Arca Options Fee Schedule (‘‘Fee 

Schedule’’) regarding the Firm and 

Broker Dealer Monthly Fee Cap. The 

Exchange proposes to implement the fee 

change effective November 15, 2023.4

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 the 

Statutory Basis for, the Proposed Rule 

Change 

1. Purpose 

The purpose of this filing is to modify 

the Firm and Broker Dealer Monthly Fee 

Cap (the ‘‘Monthly Fee Cap’’). The 

Exchange proposes to implement the 

rule change on November 15, 2023. 

The Exchange proposes to modify the 

Monthly Fee Cap, which currently 

provides that combined Firm 

proprietary fees and Broker Dealer fees 

for transactions in standard option 

contracts cleared in the customer range 

for Manual executions and QCC 

transactions are capped at $200,000 per 

month.5

The Exchange proposes to raise the 

Monthly Fee Cap to $250,000 per 

month. Accordingly, the Exchange 

proposes to modify the Fee Schedule to 

replace $200,000 with $250,000 in the 

description of the Monthly Fee Cap. 

Strategy executions, royalty fees, and 

firm trades executed via a Joint Back 

Office agreement will continue to be 

excluded from fees to which the 

Monthly Fee Cap would apply. Once a 

Firm or Broker Dealer has reached the 

Monthly Fee Cap, an incremental 

service fee of $0.01 per contract for Firm 

or Broker Dealer Manual transactions 

will continue to apply, except for the 

execution of a QCC order. 

The Exchange also proposes nonsubstantive clarifying changes to the 

description of the Monthly Fee Cap to 

identify the fees included in the 

Monthly Fee Cap more precisely. The 

proposed changes are not intended to 

modify any fees eligible for the Monthly 

Fee Cap, but rather to improve the 

clarity of the Fee Schedule. 

The Exchange believes that the 

proposed change, despite increasing the 

amount of the Monthly Fee Cap, would 

continue to incent Firms and Broker 

Dealers to direct order flow to the 

Exchange to receive the benefits of a fee 

cap on Manual and QCC transactions. 

2. Statutory Basis 

The Exchange believes that the 

proposed rule change is consistent with 

Section 6(b) of the Act,6 in general, and 

furthers the objectives of Sections 

6(b)(4) and (5) of the Act,7 in particular, 

because it provides for the equitable 

allocation of reasonable dues, fees, and 

other charges among its members, 

issuers and other persons using its 

facilities and does not unfairly 

discriminate between customers, 

issuers, brokers or dealers. 

The Proposed Rule Change Is 

Reasonable 

The Exchange operates in a highly 

competitive market. The Commission 

has repeatedly expressed its preference 

for competition over regulatory 

intervention in determining prices, 

products, and services in the securities 

markets. In Regulation NMS, the 

Commission highlighted the importance 

of market forces in determining prices 

and SRO revenues and, also, recognized 

that current regulation of the market 

system ‘‘has been remarkably successful 

in promoting market competition in its 

broader forms that are most important to 

investors and listed companies.’’ 8

There are currently 17 registered 

options exchanges competing for order 

flow. Based on publicly-available 

information, and excluding index-based 

options, no single exchange has more 

than 16% of the market share of 

executed volume of multiply-listed 

equity and ETF options trades.9

Therefore, no exchange possesses 

significant pricing power in the 

execution of multiply-listed equity and 

ETF options order flow. More 

specifically, in September 2023, the 

Exchange had less than 12% market 

share of executed volume of multiplylisted equity and ETF options trades.10

The Exchange believes that the evershifting market share among the 

exchanges from month to month 

demonstrates that market participants 

can shift order flow, or discontinue or 

reduce use of certain categories of 

products, in response to fee changes. 

Accordingly, competitive forces 

constrain options exchange transaction 

fees. Stated otherwise, modifications to 

exchange transaction fees can have a 

direct effect on the ability of an 

exchange to compete for order flow. 

The proposed increase to the Monthly 

Fee Cap is reasonable because the 

Exchange believes the fee cap, although 

higher, would continue to incent Firms 

and Broker Dealers to direct order flow 

to the Exchange to receive the benefits 

of capped fees. The Exchange also 

believes the proposed change is 

reasonable because the proposed fee cap 

amount would be applicable to all Firms 

and Broker Dealers. In addition, 

although the proposed change would 

raise the amount of the Monthly Fee 

Cap, it would continue to offer Firms 

and Broker Dealers the opportunity to 

qualify for capped fees on Manual and 

QCC transactions, which the Exchange 

believes provides Firms and Broker 


lotter on DSK11XQN23PROD with NOTICES1
84032 Federal Register / Vol. 88, No. 230 / Friday, December 1, 2023 / Notices 

11See, e.g., BOX Options Fee Schedule, available 

at: https://boxoptions.com/fee-schedule/ (no cap on 

Firm and Broker Dealer manual or QCC transaction 

fees). 

12See generally Fee Schedule (various incentives 

available to Market Makers for posted monthly 

volume, including on executions in penny issues, 

non-penny issues, and SPY). 13See id. 

14See Reg NMS Adopting Release, supra note 8, 

at 37499. 

Dealers with a benefit not offered by at 

least one other options exchange.11

To the extent the proposed change 

continues to attract greater volume and 

liquidity, the Exchange believes the 

proposed change would improve the 

Exchange’s overall competitiveness and 

strengthen its market quality for all 

market participants. In the backdrop of 

the competitive environment in which 

the Exchange operates, the proposed 

rule change is a reasonable attempt by 

the Exchange to increase the depth of its 

market and improve its market share 

relative to its competitors. The 

Exchange’s fees are constrained by 

intermarket competition, as OTP 

Holders may direct their order flow to 

any of the 17 options exchanges. Thus, 

OTP Holders have a choice of where 

they direct their order flow, including 

their Manual and QCC transactions. The 

proposed rule change is designed to 

continue to incent OTP Holders to 

direct liquidity and, in particular, Firm 

and Broker Dealer transactions to the 

Exchange. In addition, to the extent OTP 

Holders are incentivized to aggregate 

their trading activity at the Exchange, 

that increased liquidity could promote 

market depth, price discovery and 

improvement, and enhanced order 

execution opportunities for market 

participants. 

The Proposed Rule Change Is an 

Equitable Allocation of Credits and Fees 

The Exchange believes the proposed 

rule change is an equitable allocation of 

its fees and credits because the proposal 

is based on the amount and type of 

business transacted on the Exchange. 

The Exchange believes that the 

proposed modification of the Monthly 

Fee Cap is equitable because it would 

apply to all Firms and Broker Dealers 

equally and would continue to provide 

for the same fee cap amount for all 

Firms and Broker Dealers. The Exchange 

also believes that the proposed rule 

change is equitable with respect to nonFirm and non-Broker Dealer market 

participants because the Monthly Fee 

Cap would not be meaningful for 

Customers or Professional Customers 

(neither of whom pay transaction 

charges for Manual transactions or QCC 

transactions) and because Market 

Makers are offered other incentives to 

reduce transaction fees.12 To the extent 

the proposed change achieves its 

purpose in continuing to incent Firms 

and Broker Dealers to aggregate their 

executions at the Exchange as a primary 

execution venue and does not 

discourage Firms and Broker Dealers 

from continuing to direct order flow to 

the Exchange to achieve the benefits of 

capped fees, this increased order flow 

would continue to make the Exchange a 

more competitive venue for, among 

other things, order execution, and all 

market participants would benefit from 

enhanced opportunities for price 

improvement and order execution. 

Thus, the Exchange believes the 

proposed rule change would improve 

market quality for all market 

participants on the Exchange and, as a 

consequence, attract more order flow to 

the Exchange, thereby improving 

market-wide quality and price 

discovery. 

The Proposed Rule Change Is Not 

Unfairly Discriminatory 

The Exchange believes that the 

proposed change to the Monthly Fee 

Cap is not unfairly discriminatory 

because the fee cap, as proposed, would 

continue to be available to all similarly 

situated Firms and Broker Dealers, any 

of which could continue to be incented 

to direct order flow to the Exchange to 

qualify for the fee cap. Moreover, the 

proposed change to the Monthly Fee 

Cap is not unfairly discriminatory 

because it would continue to apply the 

same fee cap amount to all Firms and 

Broker Dealers. The Exchange notes that 

offering the Monthly Fee Cap to Firms 

and Broker Dealers but not other market 

participants is not unfairly 

discriminatory because the Monthly Fee 

Cap would not be meaningful for 

Customers or Professional Customers 

because neither Customers nor 

Professional Customers pay transaction 

charges for Manual transactions or QCC 

transactions and is not unfairly 

discriminatory towards Market Makers, 

as Market Makers have alternative 

avenues to reduce transaction fees.13

To the extent that the proposed 

change continues to attract Manual and 

QCC transactions to the Exchange, this 

increased order flow would continue to 

make the Exchange a more competitive 

venue for order execution. Thus, the 

Exchange believes the proposed rule 

change would improve market quality 

for all market participants on the 

Exchange and, as a consequence, attract 

more order flow to the Exchange, 

thereby improving market-wide quality 

and price discovery. The resulting 

increased volume and liquidity would 

provide more trading opportunities and 

tighter spreads to all market participants 

and thus would promote just and 

equitable principles of trade, 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. 

Finally, the Exchange believes that it 

is subject to significant competitive 

forces, as described below in the 

Exchange’s statement regarding the 

burden on competition. 

B. Self-Regulatory Organization’s 

Statement on Burden on Competition 

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

the Act, the Exchange does not believe 

that the proposed rule change would 

impose any burden on competition that 

is not necessary or appropriate in 

furtherance of the purposes of the Act. 

Instead, as discussed above, the 

Exchange believes that the proposed 

change would encourage the submission 

of additional liquidity to a public 

exchange, thereby promoting market 

depth, price discovery and transparency 

and enhancing order execution 

opportunities for all market 

participants. As a result, the Exchange 

believes that the proposed change 

furthers the Commission’s goal in 

adopting Regulation NMS of fostering 

integrated competition among orders, 

which promotes ‘‘more efficient pricing 

of individual stocks for all types of 

orders, large and small.’’ 14

Intramarket Competition. The 

proposed change is designed to 

continue to attract order flow to the 

Exchange, which could increase the 

volumes of contracts traded on the 

Exchange. Greater liquidity benefits all 

market participants on the Exchange, 

and the Exchange believes that the 

proposed change (even though it would 

raise the amount of the fee cap) would 

not impose any burden on competition 

that is not necessary or appropriate 

because it is intended to continue to 

incentivize Firms and Broker Dealers to 

direct order flow to the Exchange to be 

eligible for the benefits of capped fees 

on Manual and QCC transactions, 

thereby promoting liquidity on the 

Exchange to the benefit of all market 

participants. 

Intermarket Competition. The 

Exchange operates in a highly 

competitive market in which market 

participants can readily favor one of the 

17 competing option exchanges if they 

deem fee levels at a particular venue to 

be excessive. In such an environment, 

the Exchange must continually adjust its 


lotter on DSK11XQN23PROD with NOTICES1
Federal Register / Vol. 88, No. 230 / Friday, December 1, 2023 / Notices 84033 

15The OCC publishes options and futures volume 

in a variety of formats, including daily and monthly 

volume by exchange, available here: https://

www.theocc.com/Market-Data/Market-DataReports/Volume-and-Open-Interest/MonthlyWeekly-Volume-Statistics. 

16Based on a compilation of OCC data for 

monthly volume of equity-based options and 

monthly volume of equity-based ETF options, see 

id., the Exchange’s market share in equity-based 

options increased from 10.84% for the month of 

September 2022 to 11.48% for the month of 

September 2023. 

17See note 11, supra. 

18 15 U.S.C. 78s(b)(3)(A). 

19 17 CFR 240.19b–4(f)(2). 

20 15 U.S.C. 78s(b)(2)(B). 21 17 CFR 200.30–3(a)(12). 

fees to remain competitive with other 

exchanges and to attract order flow to 

the Exchange. Based on publiclyavailable information, and excluding 

index-based options, no single exchange 

has more than 16% of the market share 

of executed volume of multiply-listed 

equity and ETF options trades.15

Therefore, currently no exchange 

possesses significant pricing power in 

the execution of multiply-listed equity 

and ETF options order flow. More 

specifically, in September 2023, the 

Exchange had less than 12% market 

share of executed volume of multiplylisted equity and ETF options trades.16

The Exchange believes that the 

proposed change reflects this 

competitive environment because it 

modifies the Exchange’s fees in a 

manner designed to continue to incent 

OTP Holders to direct trading interest 

(particularly Firm and Broker Dealer 

Manual and QCC transactions) to the 

Exchange, to provide liquidity and to 

attract order flow. To the extent that 

Firms and Broker Dealers are 

incentivized to utilize the Exchange as 

a primary trading venue for all 

transactions, all the Exchange’s market 

participants should benefit from the 

improved market quality and increased 

trading opportunities. 

The Exchange further believes that the 

proposed change could promote 

competition between the Exchange and 

other execution venues, including those 

that do not offer a cap on Firm and 

Broker Dealer fees,17 by encouraging 

additional orders to be sent to the 

Exchange for execution. In such an 

environment, the Exchange must 

continually review, and consider 

adjusting, its fees and credits to remain 

competitive with other exchanges. 

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 

The foregoing rule change is effective 

upon filing pursuant to Section 

19(b)(3)(A) 18 of the Act and 

subparagraph (f)(2) of Rule 19b–4 19

thereunder, because it establishes a due, 

fee, or other charge imposed by the 

Exchange. 

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) 20 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 (https://www.sec.gov/ 

rules/sro.shtml); or 

• Send an email to rule-comments@

sec.gov. Please include file number SR– 

NYSEARCA–2023–80 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–NYSEARCA–2023–80. 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 (https://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 

a.m. and 3 p.m. Copies of the filing also 

will be available for inspection and 

copying at the principal office of the 

Exchange. Do not include personal 

identifiable information in submissions; 

you should submit only information 

that you wish to make available 

publicly. We may redact in part or 

withhold entirely from publication 

submitted material that is obscene or 

subject to copyright protection. All 

submissions should refer to file number 

SR–NYSEARCA–2023–80 and should be 

submitted on or before December 22, 

2023. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.21

Christina Z. Milnor, 

Assistant Secretary. 

[FR Doc. 2023–26384 Filed 11–30–23; 8:45 am] 

BILLING CODE 8011–01–P 

DEPARTMENT OF STATE 

[Public Notice: 12272] 

Notice of Determinations; Culturally 

Significant Object Being Imported for 

Exhibition—Determinations: ‘‘Wolf 

Vostell: De ́-coll/age Is Your Life’’ 

Exhibition 

SUMMARY: Notice is hereby given of the 

following determinations: I hereby 

determine that a certain object being 

imported from abroad pursuant to an 

agreement with its foreign owner or 

custodian for temporary display in the 

exhibition ‘‘Wolf Vostell: De ́-coll/age Is 

Your Life’’ at the Harvard Art Museums, 

Cambridge, Massachusetts, and at 

possible additional exhibitions or 

venues yet to be determined, is of 

cultural significance, and, further, that 

its temporary exhibition or display 

within the United States as 

aforementioned is in the national 

interest. I have ordered that Public 

Notice of these determinations be 

published in the Federal Register. 

FOR FURTHER INFORMATION CONTACT: 

Reed Liriano, Program Coordinator, 

Office of the Legal Adviser, U.S. 

Department of State (telephone: 202– 

632–6471; email: 


lotter on DSK11XQN23PROD with NOTICES1