Federal Register / Vol. 86, No. 161 / Tuesday, August 24, 2021 / Notices 47359 

23 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. 90684 

(December 16, 2020) 85 FR 83637 (December 22, 

2020) (SR–CboeBZX–2020–091) (the ‘‘Initial 

Filing’’). 

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 No. SR– 

GEMX–2021–08 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 No. 

SR–GEMX–2021–08. 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 No. 

SR–GEMX–2021–08, and should be 

submitted on or before September 14, 

2021. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.23

Jill M. Peterson, 

Assistant Secretary. 

[FR Doc. 2021–18122 Filed 8–23–21; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–92701; File No. SR– 

CboeBZX–2021–056] 

Self-Regulatory Organizations; Cboe 

BZX Exchange, Inc.; Notice of Filing of 

a Proposed Rule Change To Allow the 

Invesco Focused Discovery Growth 

ETF and Invesco Select Growth ETF To 

Strike and Publish an Intra-Day NAV 

and an End-of-Day NAV 

August 18, 2021. 

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

Securities Exchange Act of 1934 (the 

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

notice is hereby given that on August 

12, 2021, Cboe BZX Exchange, Inc. filed 

with the Securities and Exchange 

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 

Cboe BZX Exchange, Inc. (the 

‘‘Exchange’’ or ‘‘BZX’’) is filing with the 

Securities and Exchange Commission 

(‘‘Commission’’) a proposed rule 

amendment to allow the Invesco 

Focused Discovery Growth ETF and 

Invesco Select Growth ETF (each a 

‘‘Fund’’ and, collectively, the ‘‘Funds’’), 

each a series of the Invesco Actively 

Managed Exchange-Traded Fund Trust 

(the ‘‘Trust’’), to strike and publish an 

intra-day net asset value (‘‘NAV’’) and 

an end-of-day NAV. 

The text of the proposed rule change 

is also available on the Exchange’s 

website (http://markets.cboe.com/us/ 

equities/regulation/rule_filings/bzx/), at 

the Exchange’s Office of the Secretary, 

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 proposed and the 

Commission approved a rule to permit 

the listing and trading of the Shares of 

each Fund.3 On December 22, 2020, the 

Exchange commenced trading in the 

Shares of each Fund. The Exchange now 

proposes to continue listing and trading 

the Shares of each Fund pursuant to 

Rule 14.11(m) and to permit the Funds 

to strike and publish a single intra-day 

NAV in addition to the current practice 

of striking and publishing an end-of-day 

NAV. This proposal is designed to assist 

market makers in assessing and 

managing their intra-day risk, provide 

greater flexibility in creating and 

redeeming shares and provide the 

marketplace with additional 

information about the Funds. The 

Exchange believes this feature of the 

Funds will allow market participants to 

better assess and manage their intra-day 

risk in making a market in the Funds’ 

shares, and provide additional certainty 

around intra-day price and hedging for 

the Funds’ shares. 

The NAV represents the value of a 

fund’s assets minus its liabilities 

divided by the number of shares 

outstanding and is used in valuing 

exchange-traded products (‘‘ETPs’’), 

including Tracking Fund Shares. By 

way of background, an ETP issues 

shares that can be bought or sold 

throughout the day in the secondary 

market at a market-determined price. 

Authorized participants that have 

contractual arrangements with the ETP 

(and/or its distributor) purchase and 

redeem ETP shares directly from the 

ETP in blocks called creation units at a 

price equal to the next-calculated NAV, 

and may then purchase or sell 

individual ETP shares in the secondary 

market at market-determined prices. 

ETP shares trade at market prices, but 

the market price typically will be more 

or less than the fund’s NAV per share 

due to a variety of factors, including the 

underlying prices of the ETP’s assets 

and the demand for the ETP shares. 

Nonetheless, an ETP’s market price is 

generally kept close to the ETP’s end-ofday NAV because of the arbitrage 

function inherent to the structure of the 

ETP. An arbitrage opportunity is 


lotter on DSK11XQN23PROD with NOTICES1
47360 Federal Register / Vol. 86, No. 161 / Tuesday, August 24, 2021 / Notices 

4An open-end fund is required by law to redeem 

its securities on demand from shareholders at a 

price approximately the proportionate share of the 

fund’s NAV at the time of redemption. See 15 

U.S.C. 80a–22(d). 

5The term ‘‘Fund Portfolio’’ means the identities 

and quantities of the securities and other assets 

held by the Investment Company that will form the 

basis for the Investment Company’s calculation of 

net asset value at the end of the business day. See 

Exchange Rule 14.11(m)(3)(B). 

6See Exchange Rule 14.11(m)(4)(B)(ii). 

7The term ‘‘Tracking Basket’’ means the 

identities and quantities of the securities and other 

assets included in a basket that is designed to 

closely track the daily performance of the Fund 

Portfolio, as provided in the exemptive relief under 

the Investment Company Act of 1940 applicable to 

a series of Tracking Fund Shares (the ‘‘Exemptive 

Relief’’). The website for each series of Tracking 

Fund Shares shall disclose the following 

information regarding the Tracking Basket as 

required under this Rule 14.11(m), to the extent 

applicable: (i) Ticker symbol; (ii) CUSIP or other 

identifier; (iii) Description of holding; (iv) Quantity 

of each security or other asset held; (v) and 

Percentage weight of the holding in the portfolio. 

8See Exchange Rule 14.11(m)(4)(B)(i). 

9See Exchange Rule 14.11(m)(4)(A)(ii). 

10As noted above, nothing in the Initial Filing, 

the Exemptive Relief, or Rule 14.11(m) requires the 

Funds to disseminate an IIV; therefore, the Fund is 

not representing that it will in the future continue 

to disseminate an IIV for either or both of the 

Funds. 

11 ‘‘Regular Trading Hours’’ refers to the time 

between 9:30 a.m. and 4:00 p.m. Eastern time. See 

Exchange Rule 1.5(w). 

12Further, in the rare instances where there may 

be a delay or error in calculating the IIV the 

dissemination of the official Intra-Day NAV would 

alert the market to any disparity. As discussed 

herein, the calculation of an official NAV takes 

more time to disseminate than the IIV, reflecting the 

robust verification and validation processes 

employed. 

inherent in the ETP structure because 

the ETP share’s intra-day market price 

fluctuates in response to standard 

supply/demand dynamics during the 

trading day. Due to this fluctuation, the 

ETP’s intra-day market price may not 

equal the actual value of ETP’s 

underlying holdings that would form 

the basis of the NAV. Accordingly, 

authorized participants can arbitrage 

this difference (and make a profit) 

because they can trade directly with the 

ETP at NAV 4 as well as on the market 

at market-determined prices. The 

expected result of the arbitrage activity 

is that the market value of the ETP 

moves back in line with the ETP’s NAV 

per share and investors are able to buy 

ETP shares on an exchange that is close 

to the ETP’s NAV per share. The 

arbitrage mechanism is important 

because it provides a means to maintain 

a close tie between market price and 

NAV per share of the ETP throughout 

the day and on market close, thereby 

helping to ensure that ETP investors are 

treated equitably when buying and 

selling fund shares. 

In order for the arbitrage mechanism 

described above to operate efficiently, 

market participants need to be able to 

hedge their intra-day risk effectively and 

estimate, with high accuracy, the value 

of the ETP’s holdings, such that it can 

then observe instances when the value 

of such holdings, on a per-share basis, 

is higher or lower than the current 

trading price of the shares on an 

exchange. Principal aspects of the ETP 

structure that facilitate these two 

processes are: (i) Timing of the NAV 

strike and creation/redemption order 

window; and (ii) the volume of 

information available regarding the 

underlying holdings of the ETP, from 

which the authorized participant can 

estimate the ETP’s NAV per share at any 

given time. With respect to the former, 

if an ETP can offer a more than one 

opportunity to ‘‘lock in’’ the purchase 

price of the ETP (i.e., shorten the 

duration of the market risk that the 

authorized participant is bearing), the 

Exchange believes that the arbitrage 

mechanism will operate more 

efficiently, resulting in tighter spreads 

for the trading of the ETP shares. 

Additionally, with respect to 

information dissemination, in general, 

the more information that is available to 

assist the market participants in 

estimating the value of the fund’s 

holdings, the better the arbitrage 

mechanism will operate with respect to 

the Tracking Fund Shares. In the case of 

Tracking Fund Shares, the applicable 

ETP disseminates various information to 

achieve that goal, while not publishing 

a full list of fund holdings daily. First, 

as noted in the Initial Filing, each Fund 

will disclose its respective Fund 

Portfolio 5 including the name, 

identifier, market value and weight of 

each security and instrument in the 

portfolio, at a minimum within at least 

60 days following the end of every fiscal 

quarter.6 Additionally, the Tracking 

Basket 7 (also referred to as the 

‘‘substitute basket’’) for each Fund will 

be publicly disseminated at least once 

daily.8 The Tracking Basket is designed 

to closely track the daily performance of 

the Fund, but is not fully-representative 

of the Fund Portfolio. The Tracking 

Basket often will include a significant 

percentage of the securities held in the 

Fund Portfolio, but it will exclude (or 

modify the weightings of) certain 

securities held in the Fund Portfolio, 

such as those securities that the Fund’s 

portfolio managers are actively looking 

to purchase or sell, or securities which, 

if disclosed, could increase the risk of 

front-running of free-riding. The 

Tracking Basket may also include cash. 

Lastly, the issuer of the Funds 

represented that the NAV per share for 

each of the Funds will be calculated 

daily along with certain metrics, 

including the premium or discount 

between NAV and final trading price of 

the Shares and information about how 

well the performance of the Tracking 

Basket has correlated with the 

performance of the Fund Portfolio.9

While nothing in the Initial Filing, the 

Exemptive Relief, or Rule 14.11(m) 

requires the Funds to disseminate an 

intraday indicative value (‘‘IIV’’), both 

Funds disseminate an IIV as such 

dissemination is not prohibited by the 

Initial Filing, Exemptive Relief or Rule 

14.11(m).10 The IIV refers to an intraday 

estimate of a fund’s NAV per share, and 

is calculated based on the valuation of 

Fund Portfolio holdings from the prior 

Business Day, and accounting for intraday price movements for such holdings. 

The IIV is disseminated by each Fund 

every second during Regular Trading 

Hours.11 Due to the accounting method 

for trading activity for the Funds (i.e., 

T+1 accounting), the portfolio upon 

which the IIV is calculated is the same 

as the portfolio that would serve as the 

basis for the Intra-Day NAV strike. 

Accordingly, it is expected that the IIV 

disseminated at the same time that the 

Intra-Day NAV is struck would be 

identical (e.g. the 12:00 p.m. Eastern 

Time IIV and an Intra-Day NAV struck 

at 12:00 p.m. Eastern Time would be the 

same). However, although the IIV 

provides a great deal of price 

transparency to the market, it is not an 

official NAV of the Funds derived using 

the processes and governance designed 

to ensure an accurate and reliable 

calculation before dissemination. 

Accordingly, an official NAV would, in 

concert with the IIV, provide a reliable 

verification and further clarity as to 

Fund portfolio pricing.12

In furtherance of the Funds’ objectives 

of tightening spreads in the trading of 

their shares and increasing the 

efficiency of the arbitrage mechanism, 

the Funds will strike one NAV during 

normal trading (the ‘‘Intra-Day NAV’’) 

and one NAV again at the close of 

trading at 4:00 p.m. ET (the ‘‘End-of-Day 

NAV’’ and collectively with Intra-Day 

NAV, the ‘‘Published NAVs’’). The 

Funds anticipate that the Intra-Day NAV 

will be struck at 12:00 p.m. ET; 

however, the Funds represent that the 

Intra-Day NAV may be struck at a predetermined, and publicly disclosed, 

time between 11:00 a.m. ET and 2 p.m. 

ET. The timing of the Intra-Day NAV 

will be disclosed in each Fund’s 

prospectus and will not change without 

prior notification to shareholders and 

the market in the form of a prospectus 

supplement. The Intra-Day NAV would 

be calculated based on the values of the 


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Federal Register / Vol. 86, No. 161 / Tuesday, August 24, 2021 / Notices 47361 

13The Trust is registered under the 1940 Act. On 

September 25, 2020, the Trust filed post-effective 

amendments to its registration statement on Form 

N–1A relating to each Fund (File No. 811–22148) 

(the ‘‘Registration Statement’’). The descriptions of 

the Funds and the Shares contained herein are 

based, in part, on information included in the 

Registration Statement. The Commission has issued 

an order granting certain exemptive relief to the 

Trust (the ‘‘Exemptive Relief’’) under the 1940 Act. 

See Investment Company Act of 1940 Release No. 

34127 (December 2, 2020). 

14The Exchange’s proposal is similar to 

functionality offered for other ETPs. For example, 

the prospectus for the Invesco Treasury Collateral 

ETF provides that the Fund is calculated at 12 p.m. 

and 4 p.m. ET every day the New York Stock 

Exchange (‘‘NYSE’’) is open and the Goldman Sachs 

Access Treasury 0–1 Year ETF has similar practices. 

See http://hosted.rightprospectus.com/Invesco/ 

Fund.aspx?cu=46138G888&dt=P&ss=ETF and 

https://www.gsam.com/bin/gsam/servlets/Literature

ViewerServlet?pdflink=%2Fcontent%2

Fdam%2Fgsam%2Fpdfs%2

Fus%2Fen%2Fprospectus-and-regulatory%2

Fprospectus%2Fetf-combined-accessprospectus.pdf&RequestURI=/content/gsam/us/en/ 

advisors/fund-center/etf-fund-finder&sa=n. 

15Currently, the end-of-day NAV is disseminated 

publicly via the Issuer’s website at 

www.invesco.com/ETFs. 

16The ‘‘participant agreement’’ refers to the 

executed written agreement between an authorized 

participant and the Fund, or one of its service 

providers, that allows the authorized participant to 

place creation and redemption orders. 

17See also Exchange Rule 14.11(m)(3)(B). 

18A ‘‘custom order’’ refers to creation or 

redemption orders using Shares that consist of 

securities that differ from the composition of the 

Tracking Basket. 

19The Exchange believes that the beneficial effect 

of having the ability to ‘‘lock in’’ the Intra-Day NAV 

will exist even if authorized participants do not 

regularly make use of the first creation/redemption 

window. By having the flexibility to place orders 

with less remaining time until the official NAV is 

struck, authorized participants will be able to hedge 

risk with a shorter time horizon contemplated. 

20 15 U.S.C. 78f(b). 

21 15 U.S.C. 78f(b)(5). 

securities in the Fund Portfolio at the 

time the Intra-Day NAV is struck, which 

may differ from the values of the 

securities in the Fund Portfolio at the 

time the End-of-Day NAV is struck. As 

noted in the Initial Filing, Shares of 

each of the Funds are offered by the 

Trust, which is registered with the 

Commission as an open-end investment 

company and has filed a registration 

statement on behalf of the Funds on 

Form N–1A with the Commission.13

The Registration Statement provides 

that the Funds may calculate the NAV 

per Share more than once daily (e.g., at 

12 p.m. ET and 4:00 p.m. ET), however, 

the Initial Filing did not seek to allow 

the Funds to calculate more than one 

NAV per day. Now, the Exchange is 

seeking approval to explicitly allow the 

Funds to strike and publish an intra-day 

NAV per Share daily in addition to the 

end-of-day NAV.14

As noted above, the Intra-Day NAV 

for the Funds will be struck based on 

the Portfolio Holdings at a predetermined time between 11:00 a.m. 

and 2:00 p.m. Eastern Time on each day 

the Exchange is open. The Intra-Day 

NAV will be calculated based on the 

valuation of Fund holdings as of the 

NAV strike time, with the calculation of 

such NAV typically occurring within 

two hours of the time the NAV strike 

time (e.g., 12:00 p.m. Eastern Time), and 

will be disseminated to market 

participants shortly after calculation. 

Further, the Intra-Day NAV will be 

disseminated to all market participants 

at the same time in the same manner as 

the End-of-Day NAV is currently 

disseminated.15

Currently, all orders to purchase or 

redeem creation units must be received 

by the transfer agent and/or distributor 

no later than the order cut-off time 

designated in the participant 

agreement 16 on the relevant Business 

Day in order for the creation or 

redemption of creation units to be 

effected based on the NAV of Shares as 

determined on such date. With certain 

exceptions, the order cut-off time for the 

Funds, as set forth in the participant 

agreement, usually is the closing time of 

the regular trading session—i.e., 

ordinarily 4:00 p.m. Eastern time.17 In 

the case of custom orders,18 the order 

cut-off time is 3:00 p.m. Eastern time. 

Additionally, on days when the 

Exchange closes earlier than normal, the 

Trust may require the creation orders to 

be placed earlier in the day. 

As proposed, with certain exceptions 

the order cut-off time for the Intra-Day 

NAV will be the time at which the IntraDay NAV is struck (e.g.,12:00 p.m. 

Eastern time). In the case of custom 

orders, the transfer agent must receive 

the creation or redemption order no 

later than one hour prior to the time at 

which the Intra-Day NAV is struck (e.g., 

11:00 a.m. Eastern time). The Funds will 

issue and redeem Shares in creation 

units at the NAV per Share next 

determined after an order in proper 

form is received (which may be the 

Intra-Day NAV or the End-of-Day NAV 

depending on when the order is 

received). Specifically, if an order to 

purchase or redeem Shares of either of 

the Funds was received by the transfer 

agent prior to the time at which the 

Intra-Day NAV is struck (or, in the case 

of custom orders, one hour prior to the 

time at which the Intra-Day NAV is 

struck), the Fund would issue or redeem 

Shares in creation units at the Intra-Day 

NAV. Conversely, if an order to 

purchase or redeem Shares of either of 

the Funds was received by the transfer 

agent after the Intra-Day NAV is struck 

but before 4:00 Eastern time(or, in the 

case of custom orders, by 3:00 p.m. 

Eastern time), the Fund would issue or 

redeem Shares in creation units at the 

End-of-Day NAV. 

The Exchange believes that providing 

authorized participants with the ability 

to create and redeem during the trading 

day, coupled with the price certainty of 

a second official NAV being available to 

market participants, will reduce the risk 

that market participants face intra-day 

related to the possible divergence 

between the Tracking Basket and the 

value of the Fund Portfolio, which 

should enable them to reduce spreads 

on Shares. Authorized participants will 

be able to ‘‘lock in’’ their creation and 

redemption transactions during the 

trading day at an Intra-Day NAV, and at 

the end of the trading day at the Endof-Day NAV.19 As proposed, the Funds 

will continue to meet all listings 

standards provided in Rule 14.11(m). 

The only change to the Funds that the 

Exchange is proposing is to allow the 

Funds to strike an Intra-Day NAV. All 

other material representations contained 

within the Initial Filing remain true and 

will continue to constitute continued 

listing requirements for the Funds. 

2. Statutory Basis 

The Exchange believes that the 

proposal is consistent with Section 6(b) 

of the Act 20 in general and Section 

6(b)(5) of the Act 21 in particular in that 

it is designed to prevent fraudulent and 

manipulative acts and practices, to 

promote just and equitable principles of 

trade, to foster cooperation and 

coordination with persons engaged in 

facilitating transactions in securities, 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 in that the Shares of each 

Fund will meet each of the continued 

listing criteria in BZX Rule 14.11(m), as 

provided in the Initial Filing. 

The proposal to allow the Funds to 

strike and publish an Intra-Day NAV 

will afford authorized participants with 

additional flexibility in the timing of 

creation and redemption activity and 

provide the marketplace with 

additional, official information related 

to each Fund’s underlying holdings on 

an intra-day basis The Exchange 

believes that this additional feature will 

allow market participants to better 

assess and manage their intra-day risk in 

making a market in the Funds’ shares, 

and provide additional certainty around 

intra-day price and hedging for the 

Funds’ shares. Further, the Exchange 

believes that the likely resulting tighter 


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47362 Federal Register / Vol. 86, No. 161 / Tuesday, August 24, 2021 / Notices 

22 17 CFR 200.30–3(a)(12). 

spreads and deeper liquidity will deter 

potential fraudulent or manipulative 

acts associated with the Funds’ Share 

price. The only change to the Funds that 

the Exchange is proposing is to allow 

the Funds to strike an Intra-Day NAV. 

All other material representations 

contained within the Initial Filing 

remain true and will continue to 

constitute continued listing 

requirements for the Funds. 

For the above reasons, the Exchange 

believes that the proposed rule change 

is consistent with the requirements of 

Section 6(b)(5) of the Act. 

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 purpose of the Act. The Exchange 

notes that the proposed rule change, 

rather, will provide additional 

information to market participants 

thereby reducing market participants 

risk and intra-day price uncertainty 

which will allow the Fund to better 

compete in the marketplace, thus 

enhancing competition among both 

market participants and listing venues, 

to the benefit of investors and the 

marketplace. 

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 

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 self-regulatory organization 

consents, the Commission will: 

(A) By order approve or disapprove 

the 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 (http://www.sec.gov/ 

rules/sro.shtml); or 

• Send an email to rule-comments@

sec.gov. Please include File Number SR– 

CboeBZX–2021–056 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–2021–056. 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–CboeBZX–2021–056 and 

should be submitted on or before 

September 14, 2021. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.22

Jill M. Peterson, 

Assistant Secretary. 

[FR Doc. 2021–18120 Filed 8–23–21; 8:45 am] 

BILLING CODE 8011–01–P 

DEPARTMENT OF STATE 

[Public Notice: 11506] 

Notice of Determinations; Culturally 

Significant Objects Being Imported for 

Exhibition—Determinations: ‘‘Queen 

Nefertari: Eternal Egypt’’ Exhibition 

SUMMARY: Notice is hereby given of the 

following determinations: I hereby 

determine that certain objects being 

imported from abroad pursuant to 

agreements with their foreign owner or 

custodian for temporary display in the 

exhibition ‘‘Queen Nefertari: Eternal 

Egypt’’ at the Portland Art Museum, 

Portland, Oregon, the New Orleans 

Museum of Art, New Orleans, 

Louisiana, and at possible additional 

exhibitions or venues yet to be 

determined, are of cultural significance, 

and, further, that their 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: Chi 

D. Tran, Program Administrator, Office 

of the Legal Adviser, U.S. Department of 

State (telephone: 202–632–6471; email: 

section2459@state.gov). The mailing 

address is U.S. Department of State, 

L/PD, 2200 C Street, NW (SA–5), Suite 

5H03, Washington, DC 20522–0505. 

SUPPLEMENTARY INFORMATION: The 

foregoing determinations were made 

pursuant to the authority vested in me 

by the Act of October 19, 1965 (79 Stat. 

985; 22 U.S.C. 2459), Executive Order 

12047 of March 27, 1978, the Foreign 

Affairs Reform and Restructuring Act of 

1998 (112 Stat. 2681, et seq.; 22 U.S.C. 

6501 note, et seq.), Delegation of 

Authority No. 234 of October 1, 1999, 

and Delegation of Authority No. 236–3 

of August 28, 2000. 

Matthew R. Lussenhop, 

Acting Assistant Secretary, Bureau of 

Educational and Cultural Affairs, Department 

of State. 

[FR Doc. 2021–18158 Filed 8–23–21; 8:45 am] 

BILLING CODE 4710–05–P 

DEPARTMENT OF STATE 

[Public Notice: 11511] 

60-Day Notice of Proposed Information 

Collection: Request for Overseas U.S. 

Citizen Vital Records Services 

ACTION: Notice of request for public 

comment. 

SUMMARY: The Department of State is 

seeking Office of Management and 

Budget (OMB) approval for the 


lotter on DSK11XQN23PROD with NOTICES1