3270 Federal Register / Vol. 90, No. 8 / Tuesday, January 14, 2025 / Notices 

30See IBIT Approval Order, 89 FR 78947. 

31 17 CFR 200.30–3(a)(12). 

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

2 17 CFR 240.19b–4. 

concerns related to manipulation and 

protection of investors as this number is 

conservative for IBIT and therefore 

appropriate given its liquidity. 

The Exchange believes that offering 

innovative products flows to the benefit 

of the investing public. A robust and 

competitive market requires that 

exchanges respond to evolving needs in 

the market by constantly improving 

their offerings. Such efforts would be 

stymied if exchanges were prohibited 

from offering innovative products such 

as the proposed FLEX IBIT options. The 

Exchange does not believe that allowing 

FLEX IBIT options would render the 

marketplace for equity options more 

susceptible to manipulative practices. 

Finally, the Exchange represents that 

it has an adequate surveillance program 

in place to detect manipulative trading 

in FLEX IBIT options. Regarding the 

proposed FLEX IBIT options, the 

Exchange would use the same 

surveillance procedures currently 

utilized for FLEX Options listed on the 

Exchange (as well as for non-FLEX IBIT 

options). For surveillance purposes, the 

Exchange would have access to 

information regarding trading activity in 

IBIT (the underlying ETF).30 In light of 

surveillance measures related to both 

options and IBIT (the underlying ETF), 

the Exchange believes that existing 

surveillance procedures are designed to 

deter and detect possible manipulative 

behavior which might potentially arise 

from listing and trading the proposed 

FLEX IBIT options. 

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 does not believe that its 

proposed rule change will impose any 

burden on intra-market competition as 

all market participants would have the 

option of utilizing the FLEX IBIT 

options. The proposed rule change is 

designed to allow investors seeking 

option exposure to bitcoin to trade 

FLEX IBIT options. Moreover, the 

Exchange believes that the proposal to 

permit FLEX IBIT options would 

broaden the base of investors that use 

FLEX Options to manage their trading 

and investment risk, including investors 

that currently trade in the OTC market 

for customized options. 

The Exchange does not believe that its 

proposed rule change will impose any 

burden on intermarket competition as 

all market participants would have the 

option of utilizing the FLEX IBIT 

options. The Exchange notes that it 

operates in a highly competitive market 

in which market participants can 

readily direct order flow to competing 

venues. The proposed rule change 

would support that intermarket 

competition by allowing the Exchange 

to offer additional functionality to 

member organizations. The Exchange 

believes that the proposed FLEX IBIT 

options will increase the variety of 

options products available for trading in 

general and bitcoin-related products in 

particular and, as such, will provide a 

valuable tool for investors to manage 

risk. 

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 (i) 

as the Commission may designate up to 

90 days of such date 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– 

Phlx–2024–72 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–Phlx–2024–72. 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–Phlx–2024–72 and should be 

submitted on or before February 4, 2025. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.31

Sherry R. Haywood, 

Assistant Secretary. 

[FR Doc. 2025–00531 Filed 1–13–25; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–102133; File No. SR–NYSE– 

2024–87] 

Self-Regulatory Organizations; New 

York Stock Exchange LLC; Notice of 

Filing and Immediate Effectiveness of 

a Proposed Rule Change To Amend Its 

Equities Price List 

January 7, 2025. 

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

Securities Exchange Act of 1934 

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

notice is hereby given that on December 

31, 2024, New York Stock Exchange 

LLC (‘‘Exchange’’) filed with the 

Securities and Exchange Commission 

(‘‘Commission’’) the proposed rule 

change as described in Item I below, 


khammond on DSK9W7S144PROD with NOTICES
Federal Register / Vol. 90, No. 8 / Tuesday, January 14, 2025 / Notices 3271 

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

4 17 CFR 240.19b–4(f). 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. 

5Copies 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. 6 17 CFR 200.30–3(a)(12). 

which Item has been prepared by the 

Exchange. The Exchange has designated 

this proposal for immediate 

effectiveness pursuant to Section 

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

4(f) thereunder.4 The Commission is 

publishing this notice to solicit 

comments on the proposed rule change 

from interested persons. 

I. Self-Regulatory Organization’s 

Statement of the Terms of Substance of 

the Proposed Rule Change 

The Exchange proposes to amend its 

Price List to (1) introduce a new Adding 

Credit Tier 7; (2) revise the tiered nondisplay credit for Supplemental 

Liquidity Providers (‘‘SLPs’’) under SLP 

Adding Tier 1; and (3) revise the credit 

under SLP Provide Tier 1 for adding 

non-displayed liquidity to the Exchange 

in Tapes B and C securities. The 

Exchange proposes to implement the fee 

changes effective January 2, 2025. 

The proposed rule change, including 

the Exchange’s statement of the purpose 

of, and statutory basis for, the proposed 

rule change, is available on the 

Exchange’s website at https://

www.nyse.com and on the 

Commission’s website at https://

www.sec.gov/rules-regulations/selfregulatory-organization-rulemaking/ 

national-securities-exchanges?file_

number=SR-NYSE-2024-87. 

II. 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.5

Comments may be submitted 

electronically by using the 

Commission’s internet comment form 

(https://www.sec.gov/rules-regulations/ 

self-regulatory-organizationrulemaking/national-securitiesexchanges?file_number=SR-NYSE-2024- 

87) or by sending an email to rulecomments@sec.gov. Please include file 

number SR–NYSE–2024–87 on the 

subject line. Alternatively, paper 

comments may be sent to Secretary, 

Securities and Exchange Commission, 

100 F Street NE, Washington, DC 

20549–1090. All submissions should 

refer to file number SR–NYSE–2024–87. 

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-regulations/ 

self-regulatory-organizationrulemaking/national-securitiesexchanges?file_number=SR-NYSE-2024- 

87). 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–NYSE–2024–87 and 

should be submitted on or before 

February 4, 2025. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.6

Sherry R. Haywood, 

Assistant Secretary. 

[FR Doc. 2025–00532 Filed 1–13–25; 8:45 am] 

BILLING CODE 8011–01–P 

DEPARTMENT OF STATE 

[Public Notice: 12634] 

Notice of Public Meeting to Prepare for 

International Maritime Organization 

Human Element, Training and 

Watchkeeping 11 Session 

The Department of State will conduct 

a public meeting at 10:00 a.m. on 

Tuesday, February 4, 2025, by way of 

teleconference and in-person at the 

Douglas A. Munro Coast Guard 

Headquarters Building at St. Elizabeth’s, 

2703 Martin Luther King Jr. Avenue SE, 

Washington, DC 20593. The primary 

purpose of the meeting is to prepare for 

the eleventh session of the International 

Maritime Organization’s (IMO) SubCommittee on Human Element, Training 

and Watchkeeping (HTW) to be held in 

London, United Kingdom, from 

Monday, February 10, 2025, to Friday, 

February 14, 2025. 

The agenda items to be considered 

include: 

—Adoption of the agenda 

—Decisions of other IMO bodies 

—Validated model training courses 

—Role of the human element 

—Reports on unlawful practices 

associated with certificates of 

competency 

—Comprehensive review of the 1978 

STCW Convention and Code 

—Development of a safety regulatory 

framework to support the reduction of 

GHG emissions from ships using new 

technologies and alternative fuels 

—Biennial status report and provisional 

agenda for HTW 12 

—Election of Chair and Vice-Chair for 

2026 

—Any other business 

—Report to the Maritime Safety 

Committee 

Please note: The sub-committee may, 

on short notice, adjust the HTW 11 

agenda to accommodate any constraints 

associated with the meeting. Although 

no changes to the agenda are 

anticipated, if any are necessary, they 

will be provided to those who RSVP. 

Members of the public may participate 

up to the capacity of the teleconference 

line, which will handle 500 

participants, or up to the seating 

capacity of the room if attending inperson. 

Those who plan to attend should 

contact the meeting coordinator, Mrs. 

Megan Johns Henry at megan.c.johns@

uscg.mil, by phone at (202) 372–1255, or 

in writing at 2703 Martin Luther King Jr. 

Ave. SE, Stop 7509, Washington, DC 

20593–7509 not later than January 30, 

2025. Requests made after January 30, 

2025, may not be able to be 

accommodated. The meeting 

coordinator will provide the 

teleconference information, facilitate the 

building security process, and address 

requests for reasonable accommodation. 

Please note that due to security 

considerations, two valid, government 

issued photo identifications must be 

presented to gain entrance to the 

Douglas A. Munro Coast Guard 

Headquarters Building at St. Elizabeth’s. 

This building is accessible by taxi, 

public transportation, and privately 

owned conveyance (upon advanced 

request). Additional information 

regarding this and other IMO public 

meetings may be found at: https://

www.dco.uscg.mil/IMO. 

(Authority: 22 U.S.C. 2656 and 5 U.S.C. 552) 

Leslie W. Hunt, 

Coast Guard Liaison Officer, Office of Ocean 

and Polar Affairs, Department of State. 

[FR Doc. 2025–00594 Filed 1–13–25; 8:45 am] 

BILLING CODE 4710–09–P 


khammond on DSK9W7S144PROD with NOTICES