46722 Federal Register / Vol. 86, No. 158 / Thursday, August 19, 2021 / Notices 

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

2 17 CFR 240.19b–4. 

3See Cboe Options Exchange, Inc. Rule 4.13(b). 

See also Nasdaq Phlx LLC and Nasdaq ISE, LLC 

Options 4A, Section 12(b). 

TA–W No. Workers’ firm Location Investigation 

start date 

98003 ............................. Malteurop North America, Inc .............................. Milwaukee, WI ...................................................... 7/15/2021 

98004 ............................. The Miller Company ............................................. Meriden, CT .......................................................... 7/15/2021 

98005 ............................. Stant USA Corporation ......................................... Pine Bluff, AR ....................................................... 7/15/2021 

98006 ............................. American International Group—AIG Technologies.Fort Worth, TX ...................................................... 7/19/2021 

98007 ............................. Cubic Trafficware ................................................. Sugar Land, TX .................................................... 7/19/2021 

98008 ............................. Fieldwood Energy LLC ......................................... Houston, TX ......................................................... 7/19/2021 

98009 ............................. Core Composites Cincinnati, LLC ........................ Batavia, OH .......................................................... 7/20/2021 

98010 ............................. Miken Sports ........................................................ Caledonia, MN ...................................................... 7/20/2021 

98011 ............................. Terumo BCT, Inc .................................................. Lakewood, CO ...................................................... 7/21/2021 

98012 ............................. Western Union ...................................................... Denver, CO .......................................................... 7/22/2021 

98013 ............................. Customer Engagement Services, LLC (CES) ...... Phoenix, AZ .......................................................... 7/23/2021 

98014 ............................. The Mosaic Company (Uncle Sam Plant) ........... Uncle Sam, LA ..................................................... 7/23/2021 

98015 ............................. Ensono ................................................................. Conway, AR ......................................................... 7/26/2021 

98016 ............................. Web Industries, Inc .............................................. Middlesex, VT ....................................................... 7/26/2021 

98017 ............................. FujiFilm Manufacturing USA, Inc ......................... Greenwood, SC .................................................... 7/27/2021 

98018 ............................. Prismview, LLC—A Samsung Electronics Company.Logan, UT ............................................................. 7/28/2021 

98019 ............................. Betsy & Adam/Xscape Evenings ......................... New York, NY ....................................................... 7/28/2021 

98020 ............................. GSI ....................................................................... Omaha, NE ........................................................... 7/29/2021 

A record of these investigations and 

petitions filed are available, subject to 

redaction, on the Department’s website 

https://www.dol.gov/agencies/eta/ 

tradeact under the searchable listing or 

by calling the Office of Trade 

Adjustment Assistance toll free at 888– 

365–6822. 

Signed at Washington, DC, this 10th day of 

August 2021. 

Hope D. Kinglock, 

Certifying Officer, Office of Trade Adjustment 

Assistance. 

[FR Doc. 2021–17767 Filed 8–18–21; 8:45 am] 

BILLING CODE 4510–FN–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–92666; File No. SR– 

NASDAQ–2021–062] 

Self-Regulatory Organizations; The 

Nasdaq Stock Market LLC; Notice of 

Filing and Immediate Effectiveness of 

Proposed Rule Change To Amend the 

Expiration Timeframe of Long-Term 

Index Options Series 

August 13, 2021. 

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 August 9, 

2021, The Nasdaq Stock Market LLC 

(‘‘Nasdaq’’ or ‘‘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 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 amend The 

Nasdaq Options Market LLC (‘‘NOM’’) 

Rules at Options 2, Section 5, Market 

Maker Quotations and Options 4A, 

Section 12, Terms of Index Option 

Contracts. 

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 

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 

NOM Rules at Options 2, Section 5, 

Market Maker Quotations and Options 

4A, Section 12, Terms of Index Option 

Contracts. Specifically, the Exchange 

proposes to amend the expiration 

timeframe of Long-Term Options Series 

or ‘‘LEAPs.’’ 

Options 2, Section 5(d)(2)(A) 

currently provides, ‘‘Bid/ask 

differentials shall not apply to any 

options series until the time to 

expiration is less than nine (9) months 

for index options.’’ Similarly, Options 

4A, Section 12(b) currently states, 

(1) Notwithstanding the provisions of 

paragraph (a)(3), above, NOM may list longterm index options series that expire from 

nine (9) to sixty (60) months from the date 

of issuance. 

(A) Index long term options series may be 

based on either the full or reduced value of 

the underlying index. There may be up to ten 

(10) expiration months, none further out than 

sixty (60) months. Strike price interval and 

continuity Rules shall not apply to such 

options series until the time to expiration is 

less than nine (9) months. Bid/ask 

differentials for long-term options contracts 

are specified within Options 2, Section 

5(d)(2)(A). 

The Exchange proposes to amend the 

current text of Options 2, Section 

5(d)(2)(A) and Options 4A, Section 12(b) 

to amend the time to expiration term of 

LEAPs on index options from nine to 

sixty months to twelve to sixty months. 

Likewise, the Exchange proposes to 

amend the time to expiration for strike 

price interval, continuity rules and bid/ 

ask differentials for LEAPS on index 

options from less than nine to less than 

twelve months. 

Today, other options markets have 

terms similar to those proposed herein.3

The proposal would align NOM’s rules 

with other options markets with respect 


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Federal Register / Vol. 86, No. 158 / Thursday, August 19, 2021 / Notices 46723 

4See ISE, GEMX and MRX Options 2, Section 

5(e)(1). 

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

6 15 U.S.C. 78f(b)(5). 

7See supra note 3. 

8See supra note 3. 

9See supra note 3. 

10See ISE, GEMX and MRX Options 2, Section 

5(e)(1). 

11See ISE, GEMX and MRX Options 2, Section 

5(e)(1). 

12 15 U.S.C. 78s(b)(3)(A). 

13 17 CFR 240.19b–4(f)(6). In addition, Rule 19b– 

4(f)(6)(iii) requires a self-regulatory organization to 

give the Commission written notice of its 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. 

14 17 CFR 240.19b–4(f)(6). 

15 17 CFR 240.19b–4(f)(6)(iii). 

to the opening month for LEAPs on 

index options and the time to expiration 

for strike price interval, continuity rules 

and bid/ask differentials for LEAPS on 

index options by changing nine to 

twelve months. 

The Exchange also proposes to amend 

Options 2, Section 5 concerning a 

Market Maker’s obligation to make twosided markets in any option series with 

an expiration of nine months or greater. 

Today, Market Makers are not required 

to make two-sided markets in Quarterly 

Option Series, any Adjusted Option 

Series, and any option series with an 

expiration of nine months or greater in 

equities, ETFs or indexes. With this 

proposal, Market Makers are not 

required to make two-sided markets in 

Quarterly Option Series, any Adjusted 

Option Series, and any option series 

with an expiration of nine months or 

greater in equities, and ETFs. With 

respect to indexes, Market Makers 

would not be required to make twosided markets in Quarterly Option 

Series, any Adjusted Option Series, and 

any option series with an expiration of 

twelve months or greater. The Exchange 

proposes to add rule text within Options 

2, Section 5 to make clear a Market 

Maker’s obligation, respectively, to 

make two-sided markets with respect to 

LEAPs. Today, Nasdaq ISE, LLC (‘‘ISE’’), 

Nasdaq GEMX, LLC (‘‘GEMX’’) and 

Nasdaq MRX, LLC (‘‘MRX’’) have 

similar rules which describe the way 

LEAPs on index options should be 

quoted.4

Implementation 

The Exchange proposes to implement 

this amendment on or before September 

30, 2021. The Exchange will issue an 

Options Trader Alert announcing the 

date the amendment will be operative. 

2. Statutory Basis 

The Exchange believes that its 

proposal is consistent with Section 6(b) 

of the Act,5 in general, and furthers the 

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

in particular, in that it is designed to 

promote just and equitable principles of 

trade and to protect investors and the 

public interest by amending its rules, in 

part, to align NOM’s rules with other 

options markets with respect to the 

opening month of acceptable months for 

LEAPs on index options and the time to 

expiration for strike price interval, 

continuity rules and bid/ask 

differentials for LEAPS on index 

options. Today, other options markets 

have terms similar to those proposed 

herein.7

Amending Options 2, Section 

5(d)(2)(A) and Options 4A, Section 12(b) 

would harmonize NOM’s rules with 

respect to LEAPs on index options to 

permit NOM to list these options in the 

same manner as other options markets 

that have similar rules.8 The Exchange 

notes that this rule change will allow 

NOM to list more non-LEAP expirations 

as the front-months for LEAP 

expirations would begin with month 

twelve instead of month nine. The 

Exchange believes that this proposal 

would allow it to list more months 

where there is greater customer demand 

as this proposal would amend the 

opening month for LEAPs on index 

options from nine to twelve months. 

Harmonizing NOM’s rules with respect 

to LEAPs on index options will allow 

NOM to list these options in the same 

manner as other options markets that 

have similar rules.9

Amending Options 2, Section 5 to 

specifically note that the opening month 

for LEAPs on index options would be 

twelve months by adding a separate 

sentence to address LEAPs for index 

options is consistent with the Act. The 

proposal would align the Exchange with 

the way other options markets require 

market makers to quote LEAPs on index 

options.10 NOM Market Makers would 

be required to provide two-sided 

quotations in additional months with 

this proposal as the opening month for 

LEAPs on index options is changing 

from nine to twelve months. 

B. Self-Regulatory Organization’s 

Statement on Burden on Competition 

The Exchange does not believe that 

the proposed rule change will not 

impose any burden on competition not 

necessary or appropriate in furtherance 

of the purposes of the Act. Specifically, 

the Exchange does not believe the 

proposal to amend Options 2, Section 

5(d)(2)(A) and Options 4A, Section 12(b) 

will impose any burden on intra-market 

competition as all Participants will be 

treated in the same manner with respect 

to time to expiration for strike price 

interval, continuity rules and bid/ask 

differentials for LEAPs on index 

options. Additionally, the Exchange 

does not believe the proposal will 

impose any burden on inter-market 

competition as market participants are 

welcome to become NOM Participants if 

they determine that this proposed rule 

change has made NOM more attractive 

or favorable. Finally, all options 

exchanges are free to compete by listing 

and trading index options with similar 

expirations. 

Amending Options 2, Section 5 to 

specifically note that the opening month 

for LEAPs on index options would be 

twelve months by adding a separate 

sentence to address LEAPs on index 

options does not impose an undue 

burden on competition, rather the 

proposal aligns the Exchange’s rule with 

rules of other options markets with 

respect to quoting LEAPs.11

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 

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 12 and Rule 19b– 

4(f)(6) thereunder.13

A proposed rule change filed under 

Rule 19b–4(f)(6) 14 normally does not 

become operative prior to 30 days after 

the date of the filing. However, pursuant 

to Rule 19b–4(f)(6)(iii),15 the 

Commission may designate a shorter 

time if such action is consistent with the 

protection of investors and the public 

interest. The Exchange has requested 

that the Commission waive the 30-day 

operative delay. Waiver of the operative 

delay would allow the Exchange to align 

its rules with other options exchanges 

with respect to the opening month for 

LEAPs on index options and implement 

its proposed rule change on or before 

September 30, 2021. The Commission 

believes that the proposed rule change 

presents no novel issues and that waiver 


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46724 Federal Register / Vol. 86, No. 158 / Thursday, August 19, 2021 / Notices 

16For 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). 

17 17 CFR 200.30–3(a)(12). 

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

2 17 CFR 240.19b–4. 

of the 30-day operative delay is 

consistent with the protection of 

investors and the public interest. 

Accordingly, the Commission hereby 

waives the operative delay and 

designates the proposed rule change 

operative upon filing.16

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 shall 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– 

NASDAQ–2021–062 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–2021–062. 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–NASDAQ–2021–062, and 

should be submitted on or before 

September 9, 2021. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.17

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2021–17758 Filed 8–18–21; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–92664; File No. SR–BX– 

2021–034] 

Self-Regulatory Organizations; Nasdaq 

BX, Inc.; Notice of Filing and 

Immediate Effectiveness of Proposed 

Rule Change To Amend the Expiration 

Timeframe of Long-Term Index 

Options Series 

August 13, 2021. 

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 August 

10, 2021, Nasdaq BX, Inc. (‘‘BX’’ or 

‘‘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 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 amend BX 

Rules at Options 2, Section 4, 

Obligations of Market Makers and Lead 

Market Makers; Options 2, Section 5, 

Market Maker Quotations; and Options 

4A, Section 12, Terms of Index Option 

Contracts. 

The text of the proposed rule change 

is available on the Exchange’s website at 

https://listingcenter.nasdaq.com/ 

rulebook/bx/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 

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 BX 

Options 2, Section 4, Obligations of 

Market Makers and Lead Market 

Makers; Options 2, Section 5, Market 

Maker Quotations; and Options 4A, 

Section 12, Terms of Index Option 

Contracts. Specifically, the Exchange 

proposes to amend the expiration 

timeframe of Long-Term Options Series 

or ‘‘LEAPs.’’ 

Options 2, Section 5(d)(2)(A) 

currently provides, ‘‘Bid/ask 

differentials shall not apply to any 

options series until the time to 

expiration is less than nine (9) months 

for index options.’’ Similarly, Options 

4A, Section 12(b) currently states, 

(1) Notwithstanding the provisions of 

paragraph (a)(3), above, BX Options may list 

long-term index options series that expire 

from nine (9) to sixty (60) months from the 

date of issuance. 

(i) Index long term options series may be 

based on either the full or reduced value of 

the underlying index. There may be up to ten 

(10) expiration months, none further out than 

sixty (60) months. Strike price interval and 

continuity Rules shall not apply to such 

options series until the time to expiration is 

less than nine (9) months. Bid/ask 

differentials for long-term options contracts 

are specified within Options 2, Section 

5(d)(2)(A). 

The Exchange proposes to amend the 

current text of Options 2, Section 

5(d)(2)(A) and Options 4A, Section 12(b) 

to amend the time to expiration term of 


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