87914 Federal Register / Vol. 89, No. 214 / Tuesday, November 5, 2024 / Notices 

40 15 U.S.C. 78s(b)(3)(A). 

41 17 CFR 240.19b–4(f)(6). 

42 15 U.S.C. 78s(b)(3)(A). 

43 17 CFR 240.19b–4(f)(6). In addition, Rule 19b– 

4(f)(6)(iii) requires the Exchange to give the 

Commission written notice of the Exchange’s 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. 

44 17 CFR 240.19b–4(f)(6). 

45 17 CFR 240.19b–4(f)(6)(iii). 

46See supra notes 10–11 and accompanying text. 

47For purposes only of waiving the 30-day 

operative delay, the Commission also has 

considered the proposed rule’s impact on 

efficiency, competition, and capital formation. See 

15 U.S.C. 78c(f). 

48 17 CFR 200.30–3(a)(12), (59). 

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

2 17 CFR 240.19b–4. 

19(b)(3)(A) of the Act 40 and Rule 19b– 

4(f)(6) 41 thereunder. 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 42 and Rule 19b– 

4(f)(6) 43 thereunder. 

A proposed rule change filed under 

Rule 19b–4(f)(6) 44 normally does not 

become operative prior to 30 days after 

the date of the filing. However, pursuant 

to Rule 19b–4(f)(6)(iii),45 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 proposal may 

become operative immediately. 

According to the Exchange, waiver of 

the 30-day operative delay would assist 

the Exchange in transitioning from an 

inverted exchange to a maker-taker 

exchange, as well as harmonize its rules 

with its affiliate, EDGX. Further, the 

Exchange has alerted Users of these 

changes as well as its anticipated 

implementation date of November 1, 

2024, so that Users had additional time 

to make the requisite changes.46 Based 

on the foregoing, the Commission 

believes that waiving the 30-day 

operative delay is consistent with the 

protection of investors and the public 

interest. Accordingly, the Commission 

designates the proposed rule change to 

be operative on November 1, 2024.47

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– 

CboeEDGA–2024–042 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–CboeEDGA–2024–042. 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–CboeEDGA–2024–042 and should 

be submitted on or before November 26, 

2024. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.48

Sherry R. Haywood, 

Assistant Secretary. 

[FR Doc. 2024–25633 Filed 11–4–24; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–101483; File No. SR– 

NASDAQ–2024–059] 

Self-Regulatory Organizations; The 

Nasdaq Stock Market LLC; Notice of 

Filing of Proposed Rule Change To 

Modify the Package of Complimentary 

Services Provided to Certain Eligible 

Switches and To Modify the Definition 

of an Eligible Switch 

October 30, 2024. 

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 October 

17, 2024, The Nasdaq Stock Market LLC 

(‘‘Nasdaq’’ or ‘‘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 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 

package of complimentary services 

provided to certain Eligible Switches 

and to modify the definition of an 

Eligible Switch. 

The text of the proposed rule change 

is available on the Exchange’s website at 

https://listingcenter.nasdaq.com/ 

rulebook/nasdaq/rules, 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 

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 


ddrumheller on DSK120RN23PROD with NOTICES1
Federal Register / Vol. 89, No. 214 / Tuesday, November 5, 2024 / Notices 87915 

3 IM–5900–7 defines an Eligible New Listing as ‘‘a 

Company listing on the Global or Global Select 

Market in connection with: (i) an initial public 

offering in the United States, including American 

Depository Receipts (other than a Company listed 

under IM–5101–2), (ii) upon emerging from 

bankruptcy, (iii) in connection with a spin-off or 

carve-out from another Company, (iv) in connection 

with a Direct Listing as defined in IM–5315–1 

(including the listing of American Depository 

Receipts), or (v) in conjunction with a business 

combination that satisfies the conditions in IM– 

5101–2(b).’’ 

4 IM–5900–7 defines an Eligible Switch as ‘‘a 

Company: (i) (other than a Company listed under 

IM–5101–2) switching its listing from the New York 

Stock Exchange to the Global or Global Select 

Markets, or (ii) that has switched its listing from the 

New York Stock Exchange and listed on Nasdaq 

under IM–5101–2 after the Company publicly 

announced that it entered into a binding agreement 

for a business combination and that subsequently 

satisfies the conditions in IM–5101–2(b) and lists 

on the Global or Global Select Market in 

conjunction with that business combination.’’ 

5 IM–5900–7A describes the Service Package 

available to companies that listed before March 12, 

2021, the effective date of SR–Nasdaq–2021–002. 

See Securities Exchange Act Release No. 91318 

(March 12, 2021), 86 FR 14774 (March 18, 2021) 

(modifying the package of complimentary services 

provided to eligible companies and memorializing 

as IM–5900–7A the services offered to eligible 

companies that listed before the effective date of the 

change). 

6 In addition, all companies listed on Nasdaq 

receive other standard services from Nasdaq, 

including Nasdaq Online and the Market 

Intelligence Desk. 

7The definition of an Eligible Switch already 

includes such a company that was previously listed 

on the New York Stock Exchange. 

8The total retail value of these services is up to 

approximately $220,200 per year. The company 

also receives one Virtual Event during the four-year 

period, which has a retail value of approximately 

$11,700. In addition, one-time development fees of 

approximately $6,000 to establish the services in 

the first year is waived. See Listing Rule IM–5900– 

7(d)(2). 

9Once the Company elects a service it cannot 

subsequently change to a different alternative, 

including in a subsequent year. See Listing Rule 

IM–5900–7(e). 

10The total retail value of these services is up to 

approximately $373,700 per year. The company 

also receives one Virtual Event during the four-year 

period, which has a retail value of approximately 

$11,700. In addition, one-time development fees of 

approximately $26,500 to establish the services in 

the first year is waived. See Listing Rule IM–5900– 

7(d)(3). 

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 

Nasdaq offers complimentary services 

under Listing Rule IM–5900–7 to 

Eligible New Listings 3 and Eligible 

Switches 4 newly listing on Nasdaq.5

Nasdaq believes that the complimentary 

service program offers valuable services 

to newly listing companies, designed to 

help ease the transition of becoming a 

public company or switching markets, 

and makes listing on Nasdaq more 

attractive to these companies. The 

services offered include a whistleblower 

hotline, investor relations website, 

disclosure services for earnings or other 

press releases, webcasting, market 

analytic tools, environmental, social and 

governance services, and may include 

market advisory tools such as stock 

surveillance (collectively the ‘‘Service 

Package’’).6 Based on Nasdaq’s 

experience with the program and given 

the competitive landscape, Nasdaq is 

filing this proposed rule change to 

modify the manner in which Market 

Advisory Tools are offered to Eligible 

Switches that have a market 

capitalization of $750 million or more, 

as described below. Nasdaq is also 

proposing to modify the definition of an 

Eligible Switch to include a company 

(other than a company listed under 

Listing Rule IM–5101–2) switching its 

listing to the Global or Global Select 

Market not only from the New York 

Stock Exchange, as currently provided 

by Listing Rule IM–5900–7(a)(2), but 

also from any other national securities 

exchange. Similarly, Nasdaq is 

proposing to modify the definition of an 

Eligible Switch to also include a 

company that switched its listing from 

another national securities exchange 

and listed on Nasdaq under Listing Rule 

IM–5101–2 after the company publicly 

announced that it entered into a binding 

agreement for a business combination 

and that subsequently satisfies the 

conditions in Listing Rule IM–5101–2(b) 

and lists on the Global or Global Select 

Market in conjunction with that 

business combination.7

Currently, an Eligible Switch that has 

a market capitalization of $750 million 

or more but less than $5 billion receives 

the following complimentary services 

for four years: Whistleblower Hotline, 

Investor Relations website, $20,000 per 

year of Disclosure Services, Audio 

Webcasting, Media Monitoring/Social 

Listening, Market Analytic Tools for 

three users, the Core ESG Software 

Solution, ESG Education & Sector 

Benchmarking Services, and the choice 

of one Market Advisory Tool.8 Instead 

of the choice of one of the three Market 

Advisory Tools (e.g., Stock Surveillance, 

Global Targeting, or an Annual 

Perception Study) for four years,9

Nasdaq proposes to modify Listing Rule 

IM–5900–7(d)(2) to provide an Eligible 

Switch that has a market capitalization 

of $750 million or more but less than $5 

billion with one Annual Perception 

Study during the four-year period and 

the choice of the remaining two Market 

Advisory Tools (i.e., Stock Surveillance 

or Global Targeting) for four years. 

Nasdaq also proposes to modify 

Listing Rule IM–5900–7(d)(2) to reflect 

that an Eligible Switch that had a 

market capitalization of $750 million or 

more but less than $5 billion that listed 

on Nasdaq prior to the effective date of 

this proposed rule change is not eligible 

for the one Annual Perception Study 

during the four-year period but 

received, upon listing (as provided by 

the rules in effect at that time), the 

choice of Stock Surveillance, Global 

Targeting or Annual Perception Study. 

Currently, an Eligible Switch that has 

a market capitalization of $5 billion or 

more receives the following 

complimentary services for four years: 

Whistleblower Hotline, Investor 

Relations website, $20,000 per year of 

Disclosure Services, Audio Webcasting, 

Media Monitoring/Social Listening, 

Market Analytic Tools for four users, the 

Advanced ESG Software Solution, ESG 

Education & Sector Benchmarking 

Service, $60,000 per year of ESG 

Advisory Services, and the choice of 

two Market Advisory Tools.10 Instead of 

the choice of two of the three Market 

Advisory Tools (e.g., Stock Surveillance, 

Global Targeting, or Annual Perception 

Study) for four years, Nasdaq proposes 

to modify Listing Rule IM–5900–7(d)(3) 

to provide an Eligible Switch that has a 

market capitalization of $5 billion or 

more with one Annual Perception Study 

during the four-year period and with 

both of the remaining Market Advisory 

Tools (i.e., Stock Surveillance and 

Global Targeting) for four years. 

Nasdaq also proposes to modify 

Listing Rule IM–5900–7(d)(3) to reflect 

that an Eligible Switch that had a 

market capitalization of $5 billion or 

more that listed on Nasdaq prior to the 

effective date of this proposed rule 

change is not eligible for the one Annual 

Perception Study during the four-year 

period but received, upon listing (as 

provided by the rules in effect at that 

time), the choice of two of the following 

three services: Stock Surveillance, 

Global Targeting or Annual Perception 

Study. 

Nasdaq believes that these changes 

will increase the value of the Service 

Package to the companies affected by 

this proposal because the perception 

study will be provided in addition to 

the Stock Surveillance and/or Global 

Targeting, whereas currently some 

companies may choose services that 

have higher value without benefiting 


ddrumheller on DSK120RN23PROD with NOTICES1
87916 Federal Register / Vol. 89, No. 214 / Tuesday, November 5, 2024 / Notices 

11Stock Surveillance, Global Targeting, and 

Annual Perception Study have a retail value of 

approximately $56,500, $48,000, and $45,000 per 

year, respectively. In describing the value of the 

services in the rule text, Nasdaq presumed that a 

company would use stock surveillance and global 

targeting, where there is the choice of two services; 

and that a company would use the Stock 

Surveillance, where there is the choice of one 

service. 

12Listing Rule IM–5101–2 imposes additional 

listing requirements on a company whose business 

plan is to complete an initial public offering 

(‘‘IPO’’) and engage in a merger or acquisition with 

one or more unidentified companies within a 

specific period of time (‘‘Acquisition Companies’’). 

An Acquisition Company does not have an 

operating business and tends to trade infrequently 

and in a tight range until the company completes 

an acquisition. Therefore, these Acquisition 

Companies do not generally need shareholder 

communication services, market analytic tools or 

market advisory tools and, upon listing (whether as 

an IPO or when switching from another market), 

these Acquisition Companies do not receive 

complimentary services from Nasdaq under Listing 

Rule IM–5900–7. However, a company completing 

a business combination with a Nasdaq-listed 

Acquisition Company is eligible to receive services 

under Listing Rule IM–5900–7 when it lists on the 

Nasdaq Global or Global Select Market in 

conjunction with a business combination that 

satisfies the conditions in Listing Rule IM–5101– 

2(b). At this point, the Acquisition Company 

transitions to being an operating company and has 

a similar need as other companies for shareholder 

communication services, market analytic tools and 

market advisory tools. 

13 15 U.S.C. 78f(b). 

14 15 U.S.C. 78f(b)(5). 

15 15 U.S.C. 78f(4). 

16 15 U.S.C. 78f(8). 

17The Justice Department has noted the intense 

competitive environment for exchange listings. See 

‘‘NASDAQ OMX Group Inc. and Intercontinental 

Exchange Inc. Abandon Their Proposed Acquisition 

Of NYSE Euronext After Justice Department 

Threatens Lawsuit’’ (May 16, 2011), available at 

http://www.justice.gov/atr/public/press_releases/ 

2011/271214.htm. 

18See Securities Exchange Act Release No. 65963 

(December 15, 2011), 76 FR 79262 at 79265 

(December 21, 2011). 

19See Exchange Act Release No. 79366, 81 FR 

85663 at 85665 (citing Securities Exchange Act 

Release No. 65127 (August 12, 2011), 76 FR 51449, 

51452 (August 18, 2011) (approving NYSE–2011– 

20)). 

from the perception study.11 Nasdaq 

also believes these changes will 

streamline the offering of services to 

Eligible Switches because Eligible 

Switches with a market capitalization of 

$750 million or more, generally, would 

benefit from a perception study that 

leverages extensive capital markets 

relationships and benchmark data 

amplifying the company’s efforts to 

elevate their story, enhance stakeholder 

engagement, identify risk and attract 

new capital. Accordingly, Nasdaq 

believes these changes will make the 

package more attractive to the affected 

companies. 

Finally, Nasdaq proposes to modify 

the definition of an Eligible Switch to 

include a company (other than a 

company listed under Listing Rule IM– 

5101–2) switching its listing to the 

Global or Global Select Market not only 

from the New York Stock Exchange, as 

currently provided by Listing Rule IM– 

5900–7(a)(2), but also from any other 

national securities exchange. Similarly, 

Nasdaq proposes to modify the 

definition of an Eligible Switch to 

include a company that switched its 

listing from another national securities 

exchange and listed on Nasdaq under 

Listing Rule IM–5101–2 after the 

company publicly announced that it 

entered into a binding agreement for a 

business combination and that 

subsequently satisfies the conditions in 

Listing Rule IM–5101–2(b) and lists on 

the Global or Global Select Market in 

conjunction with that business 

combination.12 Nasdaq believes that 

given the competitive landscape and the 

increasing number of listing venues, 

issuers switching its listing to the Global 

or Global Select Market from other 

national securities exchanges will likely 

bring greater future value to Nasdaq 

than will other issuers by listing on its 

market. 

2. Statutory Basis 

The Exchange believes that its 

proposal is consistent with Section 6(b) 

of the Act,13 in general, and furthers the 

objectives of Section 6(b)(5) of the Act,14

in particular, in that it is designed to 

promote just and equitable principles of 

trade, 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. It is 

also consistent with this provision 

because it is not designed to permit 

unfair discrimination between issuers. 

Nasdaq also believes that the proposed 

rule change is consistent with the 

provisions of Sections 6(b)(4) 15 and 

6(b)(8),16 in that the proposal is 

designed, among other things, to 

provide for the equitable allocation of 

reasonable dues, fees, and other charges 

among Exchange members and issuers 

and other persons using its facilities and 

that the rules of the Exchange do not 

impose any burden on competition not 

necessary or appropriate in furtherance 

of the purposes of the Exchange Act. 

Nasdaq faces competition in the 

market for listing services,17 and 

competes, in part, by offering valuable 

services to companies. Nasdaq believes 

that it is reasonable to offer 

complimentary services to attract and 

retain listings as part of this 

competition. All similarly situated 

companies are eligible for the same 

package of services. Nasdaq believes 

that the proposed changes to the manner 

in which Market Advisory Tools are 

offered to Eligible Switches that have a 

market capitalization of $750 million or 

more will help eligible companies 

leverage extensive capital markets 

relationships and benchmark data 

amplifying the company’s efforts to 

elevate their story, enhance stakeholder 

engagement, identify risk and attract 

new capital. While the proposed 

changes will affect services that will be 

available only to Eligible Switches with 

a market capitalization of $750 million 

or more, Nasdaq does not believe that it 

is unfairly discriminatory to offer 

different services based on a company’s 

market capitalization given that larger 

companies generally will need more and 

different Market Advisory Tools, and 

that those issuers will likely bring 

greater future value to Nasdaq than will 

other issuers with lower market 

capitalization by switching to its 

market.18

Nasdaq believes that the proposal to 

modify the definition of an Eligible 

Switch to include companies (including 

companies listed under Listing Rule 

IM–5101–2) switching their listing to 

the Nasdaq Global or Global Select 

Market not only from the New York 

Stock Exchange, as currently provided 

by Listing Rule IM–5900–7(a)(2), but 

also from any other national securities 

exchange is designed to provide for the 

equitable allocation of reasonable dues, 

fees, and other charges among Exchange 

members and issuers and other persons 

using its facilities and does not impose 

any burden on competition not 

necessary or appropriate in furtherance 

of the purposes of the Exchange Act 

because the proposal is, in part, 

designed to enhance competition with 

other national securities exchanges. 

Nasdaq believes that given the 

competitive landscape and the 

increasing number of listing venues, 

issuers switching its listing to the Global 

or Global Select Market from other 

national securities exchanges will likely 

bring greater future value to Nasdaq 

than will other issuers by listing on its 

market. 

Nasdaq represents, and this proposed 

rule change will help ensure, that 

individual listed companies are not 

given specially negotiated packages of 

products or services to list, or remain 

listed, which the Commission has 

previously stated would raise unfair 

discrimination issues under the 

Exchange Act.19


ddrumheller on DSK120RN23PROD with NOTICES1
Federal Register / Vol. 89, No. 214 / Tuesday, November 5, 2024 / Notices 87917 

20 17 CFR 200.30–3(a)(12). 

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

2 17 CFR 240.19b–4. 

3See Securities Exchange Act Release No. 101150 

(September 24, 2024), 89 FR 79664. 

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 not 

necessary or appropriate in furtherance 

of the purposes of the Act. As noted 

above, Nasdaq faces competition in the 

market for listing services, and 

competes, in part, by offering valuable 

services to companies. Nasdaq believes 

that it is reasonable to offer 

complimentary services to attract and 

retain listings as part of this 

competition. The proposed rule changes 

reflect that competition, but do not 

impose any burden on the competition 

with other exchanges. Other exchanges 

can also offer similar services to 

companies, thereby increasing 

competition to the benefit of those 

companies and their shareholders. 

Further, all similarly situated 

companies are eligible for the same 

package of services. While the proposed 

changes will affect services that will be 

available only to Eligible Switches with 

a market capitalization of $750 million 

or more, Nasdaq does not believe that it 

is unfairly discriminatory to offer 

different services based on a company’s 

market capitalization given that larger 

companies generally will need more and 

different Market Advisory Tools, and 

that those issuers will likely bring 

greater future value to Nasdaq by 

switching to its market than would 

other issuers. 

Nasdaq also believes that the proposal 

to modify the definition of an Eligible 

Switch to include companies switching 

their listing not only from the New York 

Stock Exchange, as currently provided 

by Listing Rule IM–5900–7(a)(2), but 

also from any other national securities 

exchange will eliminate a potential 

existing burden on competition between 

companies listed on different 

exchanges, in that it will treat exchangelisted companies in a uniform manner, 

regardless of which national securities 

exchange they are currently listed on. 

Further, this change is designed to 

increase competition with other 

national securities exchanges. 

Accordingly, Nasdaq does not believe 

the proposed rule change will impose 

any burden on competition that is not 

necessary or appropriate in furtherance 

of the purposes of the Exchange Act, as 

amended. 

C. Self-Regulatory Organization’s 

Statement on Comments on the 

Proposed Rule Change Received From 

Members, Participants, or Others 

No written comments were either 

solicited or received. 

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 within such longer period 

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 Exchange consents, the Commission 

shall: (a) by order approve or disapprove 

such 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 (https://www.sec.gov/ 

rules/sro.shtml); or 

• Send an email to rule-comments@

sec.gov. Please include file number SR– 

NASDAQ–2024–059 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–NASDAQ–2024–059. 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–NASDAQ–2024–059 and should be 

submitted on or before November 26, 

2024. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.20

Sherry R. Haywood, 

Assistant Secretary. 

[FR Doc. 2024–25639 Filed 11–4–24; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–101477; File No. SR–NYSE– 

2024–58] 

Self-Regulatory Organizations; New 

York Stock Exchange LLC; Order 

Approving a Proposed Rule Change To 

Amend NYSE Rule 7.13 

October 30, 2024 

I. Introduction 

On September 12, 2024, New York 

Stock Exchange LLC (‘‘NYSE’’ or the 

‘‘Exchange’’) filed with the Securities 

and Exchange Commission 

(‘‘Commission’’), pursuant to Section 

19(b)(1) of the Securities Exchange Act 

of 1934 (‘‘Act’’) 1 and Rule 19b–4 

thereunder,2 a proposed rule change to 

amend NYSE Rule 7.13 to remove 

references to the Chair of the Board of 

Directors of the Exchange (‘‘Board’’). 

The proposed rule change was 

published in the Federal Register on 

September 30, 2024.3 The Commission 

received no comments on the proposal. 

This order approves the proposed rule 

change. 

II. Description of the Proposal 

The Exchange has proposed amending 

NYSE Rule 7.13 (Trading Suspensions) 

to remove references to the Chair of the 

Board. Under current NYSE Rule 7.13, 

the Chair or the chief executive officer 

of the Exchange (‘‘CEO’’), or the officer 

designee of the Chair or the CEO, has 

the power to suspend trading on any 

and all securities trading on the 

Exchange whenever in his or her 


ddrumheller on DSK120RN23PROD with NOTICES1