36826 Federal Register / Vol. 86, No. 131 / Tuesday, July 13, 2021 / Notices 

17 15 U.S.C. 78q–1(b)(3)(F). 

18 Id. 

19 15 U.S.C. 78s(b)(3)(A). 

20 17 CFR 240.19b–4(f). 

21 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. 91962 

(May 21, 2021), 86 FR 28646 (May 27, 2021). 

• add a hyphen between ‘‘the’’ and 

‘‘Market’’ in the defined term ‘‘Off-the 

Market Transaction’’ in MBSD Rule 1. 

• correct a section reference in MSBD 

Rule 11, Section 7(l) by revising the 

reference from Section 6 to Section 10. 

• make conforming changes to MBSD 

Rule 11, Section 7 to replace the comma 

with a semi-colon and add plus or 

minus after the items described in 

subsections (o), (p), and (q). 

• make a conforming change to EPN 

Article III, Rule 1, Section 2 by revising 

subsections (b) and (c) to subsections (a) 

and (b), respectively because FICC is 

proposing to remove subsection (a), as 

described above. 

2. Statutory Basis 

Section 17A(b)(3)(F) of the Act 

requires, in part, that the Rules be 

designed to promote the prompt and 

accurate clearance and settlement of 

securities transactions.17

The proposed changes to (i) correct or 

clarify the use of certain defined terms 

in the Rules, (ii) make certain 

clarifications and corrections in the 

Rules, and (iii) make certain technical 

changes to the Rules would help to 

ensure that the Rules are accurate and 

clear to participants. When participants 

better understand their rights and 

obligations regarding the Rules, such 

participants are more likely to act in 

accordance with the Rules, which FICC 

believes would promote the prompt and 

accurate clearance and settlement of 

securities transactions. As such, FICC 

believes that the proposed changes 

would be consistent with Section 

17A(b)(3)(F) of the Act.18

(B) Clearing Agency’s Statement on 

Burden on Competition 

FICC does not believe the proposed 

rule changes to (i) correct or clarify the 

use of certain defined terms in the 

Rules, (ii) make certain clarifications 

and corrections in the Rules, and (iii) 

make certain technical changes to the 

Rules would impact competition. The 

proposed rule changes would help to 

ensure that the Rules remain clear and 

accurate. In addition, the changes would 

facilitate participants’ understanding of 

the Rules and their obligations 

thereunder. These changes would not 

affect FICC’s operations or the rights 

and obligations of the membership. As 

such, FICC believes the proposed rule 

changes would not have any impact on 

competition. 

(C) Clearing Agency’s Statement on 

Comments on the Proposed Rule 

Change Received From Members, 

Participants, or Others 

FICC has not received or solicited any 

written comments relating to this 

proposal. FICC will notify the 

Commission of any written comments 

received by FICC. 

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) 19 of the Act and paragraph 

(f) 20 of Rule 19b–4 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. 

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– 

FICC–2021–005 on the subject line. 

Paper Comments 

• Send paper comments in triplicate 

to Secretary, Securities and Exchange 

Commission, 100 F Street NE, 

Washington, DC 20549. 

All submissions should refer to File 

Number SR–FICC–2021–005. 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 FICC and on DTCC’s website 

(http://dtcc.com/legal/sec-rulefilings.aspx). 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–FICC– 

2021–005 and should be submitted on 

or before August 3, 2021. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.21

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2021–14802 Filed 7–12–21; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–92333; File No. SR– 

NYSEArca–2021–37] 

Self-Regulatory Organizations; NYSE 

Arca, Inc.; Notice of Designation of a 

Longer Period for Commission Action 

on a Proposed Rule Change To List 

and Trade Shares of the First Trust 

SkyBridge Bitcoin ETF Trust Under 

NYSE Arca Rule 8.201–E 

July 7, 2021. 

On May 6, 2021, NYSE Arca, Inc. 

(‘‘NYSE Arca’’) 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 

list and trade shares of the First Trust 

SkyBridge Bitcoin ETF Trust under 

NYSE Arca Rule 8.201–E. The proposed 

rule change was published for comment 

in the Federal Register on May 27, 

2021.3 The Commission has received 


jbell on DSKJLSW7X2PROD with NOTICES
Federal Register / Vol. 86, No. 131 / Tuesday, July 13, 2021 / Notices 36827 

4Comments received on the proposed rule change 

are available at: https://www.sec.gov/comments/srnysearca-2021-37/srnysearca202137.htm. 

5 15 U.S.C. 78s(b)(2). 

6 Id. 

7 17 CFR 200.30–3(a)(31). 

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

2 15 U.S.C. 78a. 

3 17 CFR 240.19b–4. 

4The weekly listing program is known as the 

Short Term Option Series Program and is described 

within Rule 903, Commentary .10. 

5The Exchange will open at least one expiration 

month for each class of options open for trading on 

the Exchange. See Rule 903(a). The monthly 

expirations are subject to certain listing criteria for 

underlying securities described within Rule 915. 

Monthly listings expire the third Friday of the 

month See The Options Clearing Corporation 

(‘‘OCC’’) By-Laws at Section 1. 

6The quarterly listing program is known as the 

Quarterly Options Series Program and is described 

within Rule 903. 

7The interval between strike prices of series of 

options on individual stocks may be $2.50 or 

greater where the strike price is $25 or less, 

provided however, that the Exchange may not list 

$2.50 intervals below $50 (e.g. $12.50, $17.50) for 

any class included within the $1 Strike Price 

Program, as detailed below in Rule 903 

Commentary .06 if the addition of $2.50 intervals 

would cause the class to have strike price intervals 

that are $0.50 apart. For series of options on 

Exchange-Traded Fund Shares that satisfy the 

criteria set forth in Rule 915 Commentary .06, the 

interval of strike prices may be $1 or greater where 

the strike price is $200 or less or $5 or greater where 

the strike price is over $200. Exceptions to the 

strike price intervals above are set forth in Rule 903, 

Commentary .07. 

8The $1 Strike Interval Program is described 

within Rule 903, Commentary .06 

9The $0.50 Strike Program is described within 

Rule 903, Commentary .13 

10The $2.50 Strike Price Program is described 

within Rule 903, Commentary .07 

11The $5 Strike Program is described within Rule 

903, Commentary .12 

12As a result, the proposed rule change 

subsequently updates current Rule 903, 

Commentary .10(e) to (f). In this regard, the 

Exchange also proposes to update a cross-reference 

to this newly re-lettered paragraph .10(g) that 

appears in Rule 903(h). See proposed Rule 903(h). 

comments on the proposed rule 

change.4

Section 19(b)(2) of the Act 5 provides 

that within 45 days of the publication of 

notice of the filing of a proposed rule 

change, 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 self-regulatory organization 

consents, the Commission shall either 

approve the proposed rule change, 

disapprove the proposed rule change, or 

institute proceedings to determine 

whether the proposed rule change 

should be disapproved. The 45th day 

after publication of the notice for this 

proposed rule change is July 11, 2021. 

The Commission is extending this 45- 

day time period. 

The Commission finds that it is 

appropriate to designate a longer period 

within which to take action on the 

proposed rule change so that it has 

sufficient time to consider the proposed 

rule change and the comments received. 

Accordingly, pursuant to Section 

19(b)(2) of the Act,6 the Commission 

designates August 25, 2021, as the date 

by which the Commission shall either 

approve or disapprove, or institute 

proceedings to determine whether to 

disapprove, the proposed rule change 

(File No. SR–NYSEArca–2021–37). 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.7

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2021–14790 Filed 7–12–21; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–92336; File No. SR– 

NYSEAMER–2021–32] 

Self-Regulatory Organizations; NYSE 

American LLC; Notice of Filing and 

Immediate Effectiveness of Proposed 

Rule Change To Amend Rule 903 To 

Limit Short Term Options Series 

Intervals 

July 7, 2021. 

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

Securities Exchange Act of 1934 

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

notice is hereby given that on June 25, 

2021, NYSE American LLC (‘‘NYSE 

American’’ or the ‘‘Exchange’’) filed 

with the Securities and Exchange 

Commission (‘‘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 amend 

Rule 903 (Series of Options Open for 

Trading) in connection with limiting the 

number of strikes listed for Short Term 

Option Series which are available for 

quoting and trading on the Exchange. 

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 Exchange proposes to amend 

Rule 903 (Series of Options Open for 

Trading). Specifically, this proposal 

seeks to widen the intervals between 

strikes in order to limit the number of 

strikes listed for multiply listed equity 

options classes (excluding options on 

Exchange-Traded Funds (‘‘ETFs’’) and 

Section 107 Securities (as described 

herein, see infra n. 13) within the Short 

Term Option Series program that have 

an expiration date more than 21 days 

from the listing date. 

Background 

Current Rule 903 permits the 

Exchange, after a particular class of 

options has been approved for listing 

and trading on the Exchange, to open for 

trading series of options therein. The 

Exchange may list series of options for 

trading on a weekly,4 monthly 5 or 

quarterly 6 basis. Rule 903 (c) sets forth 

the intervals between strike prices of 

series of options on individual stocks 

generally 7 and Rule 903 Commentary 

.10 (d) specifically sets forth intervals 

between strike prices Short Term 

Option Series. Additionally, the 

Exchange may list series of options 

pursuant to the $1 Strike Price Interval 

Program,8 the $0.50 Strike Program,9 the 

$2.50 Strike Price Program,10 and the $5 

Strike Program.11 The Exchange’s 

proposal seeks to amend the listing of 

weekly series of options (i.e. Short Term 

Option Series) by adopting new Rule 

903 Commentary .10 (e),12 which 

widens the permissible intervals 

between strikes, thereby limiting the 

number of strikes listed, for multiply 

listed equity options (excluding options 


jbell on DSKJLSW7X2PROD with NOTICES