Federal Register / Vol. 86, No. 178 / Friday, September 17, 2021 / Notices 51929 

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

2 17 CFR 240.19b–4. 

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

4 17 CFR 240.19b–4(f)(6). 

5See Exchange Rule 1.5(n). 

6See Exchange Rule 1.5(z). 

7All information available to Members as 

described herein is historical information. 

8Trade Data Reports may be obtained by a 

Member, or if authorized to do so a Sponsored 

Participant. 

requirements include 39 U.S.C. 3622, 39 

U.S.C. 3642, 39 CFR part 3030, and 39 

CFR part 3040, subpart B. For request(s) 

that the Postal Service states concern 

competitive product(s), applicable 

statutory and regulatory requirements 

include 39 U.S.C. 3632, 39 U.S.C. 3633, 

39 U.S.C. 3642, 39 CFR part 3035, and 

39 CFR part 3040, subpart B. Comment 

deadline(s) for each request appear in 

section II. 

II. Docketed Proceeding(s) 

1. Docket No(s): CP2020–171; Filing 

Title: Notice of the United States Postal 

Service of Filing Modification One to 

Global Reseller Expedited Package 2 

Negotiated Service Agreement; Filing 

Acceptance Date: September 13, 2021; 

Filing Authority: 39 CFR 3035.105; 

Public Representative: Gregory Stanton; 

Comments Due: September 21, 2021. 

2. Docket No(s): CP2020–172; Filing 

Title: Notice of the United States Postal 

Service of Filing Modification One to 

Global Reseller Expedited Package 2 

Negotiated Service Agreement; Filing 

Acceptance Date: September 13, 2021; 

Filing Authority: 39 CFR 3035.105; 

Public Representative: Gregory Stanton; 

Comments Due: September 21, 2021. 

3. Docket No(s): CP2020–179; Filing 

Title: Notice of the United States Postal 

Service of Filing Modification One to 

Global Reseller Expedited Package 2 

Negotiated Service Agreement; Filing 

Acceptance Date: September 13, 2021; 

Filing Authority: 39 CFR 3035.105; 

Public Representative: Kenneth R. 

Moeller; Comments Due: September 21, 

2021. 

4. Docket No(s): CP2020–182; Filing 

Title: Notice of the United States Postal 

Service of Filing Modification One to 

Global Reseller Expedited Package 2 

Negotiated Service Agreement; Filing 

Acceptance Date: September 13, 2021; 

Filing Authority: 39 CFR 3035.105; 

Public Representative: Kenneth R. 

Moeller; Comments Due: September 21, 

2021. 

5. Docket No(s): CP2020–196; Filing 

Title: Notice of the United States Postal 

Service of Filing Modification One to 

Global Reseller Expedited Package 2 

Negotiated Service Agreement; Filing 

Acceptance Date: September 13, 2021; 

Filing Authority: 39 CFR 3035.105; 

Public Representative: Kenneth R. 

Moeller; Comments Due: September 21, 

2021. 

This Notice will be published in the 

Federal Register. 

Erica A. Barker, 

Secretary. 

[FR Doc. 2021–20172 Filed 9–16–21; 8:45 am] 

BILLING CODE 7710–FW–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–92963; File No. SR– 

CboeEDGX–2021–030] 

Self-Regulatory Organizations; Cboe 

EDGX Exchange, Inc.; Notice of Filing 

and Immediate Effectiveness of a 

Proposed Rule Change To Amend Rule 

13.8 To Introduce a Product To Be 

Known as ‘‘Cboe Premium Exchange 

Tools’’ and To Amend Its Fee Schedule 

To Establish a Fee for a User Login 

That Elects To Subscribe to the Cboe 

Premium Exchange Tools 

September 13, 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 

30, 2021, Cboe EDGX Exchange, Inc. 

(the ‘‘Exchange’’ or ‘‘EDGX’’) filed with 

the Securities and Exchange 

Commission (the ‘‘Commission’’) the 

proposed rule change as described in 

Items I and II below, which Items have 

been prepared by the Exchange. The 

Exchange filed the proposal as a ‘‘noncontroversial’’ proposed rule change 

pursuant to Section 19(b)(3)(A)(iii) of 

the Act 3 and Rule 19b–4(f)(6) 

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 

Cboe EDGX Exchange, Inc. (the 

‘‘Exchange’’ or ‘‘EDGX’’) proposes to 

amend Rule 13.8 to introduce a new 

product to be known as ‘‘Cboe Premium 

Exchange Tools’’ and to amend its Fee 

Schedule to establish a fee for a user 

login that elects to subscribe to the Cboe 

Premium Exchange Tools. The text of 

the proposed rule change is provided in 

Exhibit 5. 

The text of the proposed rule change 

is also available on the Exchange’s 

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

options/regulation/rule_filings/edgx/), 

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 proposes to adopt Rule 

13.8(g) to introduce a new product to be 

known as Cboe Premium Exchange 

Tools, as further described below, and 

to amend its Fee Schedule to adopt a 

monthly fee assessed to users that elect 

to subscribe to such Cboe Premium 

Exchange Tools, effective August 31, 

2021. 

Cboe Premium Exchange Tools 

Currently, Members,5 Sponsored 

Participants,6 and service bureaus are 

leveraging certain value-added tools 

(i.e., Cboe Premium Exchange Tools) on 

the Exchange to obtain certain 

information free of charge. Particularly, 

Cboe Premium Exchange Tools offers an 

easily accessible internet-based tool that 

allows users access to certain execution 

information for their firm through a 

single interface. Now, the Exchange 

proposes to adopt Rule 13.8(g) to 

describe the Cboe Premium Exchange 

Tools in its Rules. Specifically, 

proposed Rule 13.8(g) provides that the 

Cboe Premium Exchange Tools is a webbased tool designed to give a 

subscribing user the ability to track 

latency statics of the user’s logical order 

entry ports or execution information of 

the Member or a Sponsored Participant 

of the Member. The proposed rule also 

provides that a user may obtain 

historical reports of such execution 

information, as further described 

below.7 Cboe Premium Exchange Tools 

is currently comprised of the following 

three reports: (i) Trade data report,8 (ii) 

51930 Federal Register / Vol. 86, No. 178 / Friday, September 17, 2021 / Notices 

9Latency Statistics Reports may be obtained by a 

Member, Sponsored Participant or service bureaus 

as it relates to their respective logical order entry 

ports. 

10 Volume History Reports may be obtained by a 

Member. 

11Sponsored Participants may also subscribe to 

the Trade Data Report, provided that its Sponsoring 

Member provides the Exchange authorization to do 

so. Trade Data Reports provided to Sponsored 

Participants only include execution detail related to 

the Sponsored Participant. 

12See Exchange Rule 11.8. 

13Hidden orders that neither set or join the NBBO 

are identified as such within the report. 

14TCP is a communications standard that enables 

application programs and computing devises to 

exchange messages over a network. 

15 Information included in the Volume History 

Report includes all activity, including that executed 

on behalf of Sponsored Participants. Execution 

volume made on behalf of a Sponsored Participant 

is not delineated within the Volume History Report. 

16See the ‘‘TradeInfo Fees’’ offered on the Nasdaq 

Stock Exchange (‘‘Nasdaq’’), Nasdaq BX, Inc. 

(‘‘Nasdaq BX’’), and the Nasdaq PHLX LLC 

(‘‘Phlx’’), each of which assess a fee of $95 per user 

per month. 

17 15 U.S.C. 78f(b). 

18 15 U.S.C. 78f(b)(4). 

19 15 U.S.C. 78f(b)(5). 

latency statistics report,9 and (iii) 

volume history report.10

Trade Data Report 

The trade data report offers the ability 

for a user to view and/or export its 

Member’s and, if applicable, a 

Sponsored Participant of the Member, 

granular execution detail.11 Specifically, 

the report currently includes the 

following information: Date, time, 

Member identifier, clearing member 

identifier, session, order identification, 

symbol, side (i.e., buy, sell, sell short), 

price, quantity, capacity (e.g., agent, 

principal), liquidity indicator (i.e., 

adder or remover of liquidity), order 

type,12 indicator as to whether order set 

or joined the national best bid or offer 

(‘‘NBBO’’),13 and associated fee code(s). 

The information is provided in order to 

aid Members in conducting their own 

reconciliations and assist in report 

generation, and, unlike the Volume 

History Report, is available on an 

execution-by-execution basis. 

Latency Statistics Report 

The latency statistics report offers 

functionality to view latency statistics 

relating to logical order entry ports, 

including a Member’s orders, 

acknowledgements, and cancels, 

including roundtrip data from into the 

edge network device and back, which 

accounts for latency within the 

Exchange order gateways and matching 

engines. Specifically, the latency 

statistics report includes the following 

information: (i) The roundtrip time 

between the order entering the 

Exchange’s network and the time the 

order acknowledgement leaves the 

Exchange’s network, (ii) the roundtrip 

time between an order cancellation 

request and the time the order 

cancellation request acknowledgement 

leaves the Exchange’s network, (iii) the 

roundtrip time between an order 

entering the Exchange’s network and the 

time that the order appears on the 

Multicast PITCH feed, (iv) the roundtrip 

time for a Transmission Control 

Protocol (‘‘TCP’’) 14 message sent by the 

Exchange to be acknowledged by the 

Member, and (v) averages a Member can 

expect for items (i) through (iii) across 

their own ports and across the entire 

system (i.e., across all Members). A 

Member, service bureau, or Sponsored 

Participant may view the latency 

statistics for orders that they send to the 

Exchange through their own respective 

logical order entry ports. The 

information included in the latency 

statistics report is designed to give users 

insight into the performance 

characteristics of their logical order 

entry ports. 

Volume History Report 

The volume history report provides 

users the functionality to view the 

Member’s, high level volume history on 

the Exchange, as well as more granular 

added, removed, and routed orders at a 

per Tape and MPID level or a per 

security level for the purpose of tracking 

and measuring outcomes.15 The tools 

offer functionality to allow a user to 

view aggregated volume history reports 

on behalf of the Member or a Sponsored 

Participant of the Member for the 

purpose of firm or client-level reporting, 

administration, and risk management. 

Cboe Premium Exchange Tools Fee 

The Exchange also proposes to adopt 

a fee applicable to users that subscribe 

to the proposed Cboe Premium 

Exchange Tools. Specifically, as 

proposed, the Exchange would assess a 

monthly fee of $40 for each user login 

that subscribes to any of the reports and 

services that comprise the Cboe 

Premium Exchange Tools. As discussed 

above, Premium Exchange Tools 

provides users with an easily accessible 

tool that allows them to access certain 

execution and latency information from 

a single interface and provides such 

information in a convenient, userfriendly format. Further, a number of 

enhancements have recently been made 

to the various reports and services 

included in the Cboe Premium 

Exchange Tools. For example, the trade 

data report has recently been enhanced 

to provide timestamps with 

microsecond granularity for added 

detail on a per trade basis. Therefore, 

the Exchange believes the assessment of 

such a fee aligns with the additional 

value and benefits provided to users 

that choose to subscribe to the Cboe 

Premium Exchange Tools. The 

Exchange also believes that the proposal 

is appropriate to balance the Exchange 

resource requirements in creating, 

managing, and supporting the services 

and reports provided by the Cboe 

Premium Exchange Tools. 

The Cboe Premium Exchange Tools 

fee will be assessed to a user for the 

entire month regardless of when the 

user receives access to the Premium 

Exchange Tools. If a user obtains or 

cancels a subscription to the Cboe 

Premium Exchange Tools on or after the 

first business day of the month, the user 

will be required to pay the entire Cboe 

Premium Exchange Tools fee for that 

month. 

The Exchange anticipates a number of 

users will subscribe to the Cboe 

Premium Exchange Tools. It is a 

completely voluntary product, in that 

the Exchange is not required by any rule 

or regulation to make the reports or 

services available and that potential 

subscribers may purchase it only if they 

voluntarily choose to do so. Further, the 

Exchange notes that other exchanges 

offer similar products.16

2. Statutory Basis 

The Exchange believes the proposed 

rule change is consistent with the 

Securities Exchange Act of 1934 (the 

‘‘Act’’) and the rules and regulations 

thereunder applicable to the Exchange 

and, in particular, the requirements of 

Section 6(b) of the Act.17 Specifically, 

the Exchange believes the proposed rule 

change is consistent with Section 6(b)(4) 

of the Act,18 which requires that 

Exchange rules provide for the equitable 

allocation of reasonable dues, fees, and 

other charges among its Members and 

other persons using its facilities. The 

Exchange also believes the proposed 

rule change is consistent with the 

Section 6(b)(5) 19 requirements that the 

rules of an exchange be 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 regulating, clearing, 

settling, processing information with 

respect to, and 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 

Federal Register / Vol. 86, No. 178 / Friday, September 17, 2021 / Notices 51931 

20 Id. 

21See Securities and Exchange Act No. 90772 

(December 22, 2020) 85 FR 86632 (December 30, 

2020) (SR–NASDAQ–2020–088) (Proposed rule 

change describing the withdrawal of Nasdaq’s 

QView product from sale and that the information 

included therein will continue to be available via 

TradeInfo). 

22See Securities Exchange Act Release No. 68617 

(January 10, 2013), 78 FR 3480 (January 16, 2013) 

(SR–Nasdaq–2013–005) (introducing the Latency 

Optics add-on). See also Securities Exchange Act 

Release No. 82003 (November 2, 2017), 82 FR 51894 

(November 8, 2017) (SR–Nasdaq–2017–113) 

(proposed rule change that also describes the 

Latency Optics add-on service, which provided, 

among other things, subscribing members the 

ability to compare their latency to the average of the 

Nasdaq system). 

23 Id. 

24Nasdaq similarly noted that users of TradeInfo 

are able to calculate latencies included in the 

Latency Optics add-on service as the underlying 

transaction information is timestamped. See 

Securities and Exchange Act No. 90772 (December 

22, 2020) 85 FR 86632 (December 30, 2020) (SR– 

NASDAQ–2020–088). 

25See https://www.nasdaqtrader.com/ 

Trader.aspx?id=tradeinfo. 

investors and the public interest. 

Additionally, the Exchange believes the 

proposed rule change is consistent with 

the Section 6(b)(5) 20 requirement that 

the rules of an exchange not be designed 

to permit unfair discrimination between 

customers, issuers, brokers, or dealers. 

The Exchange believes the proposal to 

adopt 13.8(g) to provide for the Cboe 

Premium Exchange Tools is reasonable 

for several reasons. First, certain of the 

underlying information available via the 

Cboe Premium Exchange Tools is 

otherwise generally available to users. 

While the proposal provides a valueadded service by setting forth such 

information in a user-friendly format, 

the underlying data included in the 

trade data report and volume history 

report contains general Member-specific 

execution information to which a 

Member would have access to without 

subscribing to Premium Exchange 

Tools, (e.g., via their own order entry 

ports which include Member-provided 

order instructions, exchange-sent 

acknowledgement messages, and drop 

copies). Moreover, the data included in 

the trade data report and volume history 

report is substantially similar to data 

offered in the Nasdaq TradeInfo tool, 

which provides detailed data on the 

status of orders executions, cancels and 

breaks, and generates reports for 

download, and allows the member to 

cancel or correct open orders.21

While certain underlying data 

included in the latency statistics report 

such as latency averages across the 

System is not otherwise available to 

Members, or where applicable, 

Sponsored Participants, or service 

bureaus, the Exchange notes such users 

can obtain similar information on their 

own latency statistics relating to their 

orders, acknowledgements, TCP 

messages, and cancels, including 

roundtrip data from out of their edge 

network device and back without 

subscribing to Premium Exchange 

Tools. Particularly, users are able to 

calculate these latencies on their own 

servers as the underlying transaction 

information is timestamped, which 

would similarly account for the latency 

throughout the Exchange side of the 

network (i.e., the Exchange does not 

believe latency statistics calculated by 

users themselves would be materially 

different from the Exchange’s 

calculations). The Exchange notes that 

although latency information related to 

averages across the system would not 

otherwise be available to Members, 

Sponsored Participants or service 

bureaus absent subscribing to Premium 

Exchange Tools, providing users such 

information is not novel as similar 

information was historically made 

available in an offering by Nasdaq. 

Specifically, prior to its decommission 

in December of 2020, Nasdaq provided 

summary latency statistics via its QView 

tool which provided members that 

subscribed to QView Latency Optics 

add-on service the ability to monitor 

three types of latency for order messages 

and compare that latency to the average 

on the Nasdaq System.22 The specific 

latency statistics included: (i) The 

roundtrip time between order entry and 

receipt of acknowledgement; (ii) 

roundtrip time between order entry and 

the time that the order appears on the 

TotalView ITCH multicast feed; and (iii) 

the roundtrip time between the entry of 

an order cancellation request and the 

time that the message in reply is 

received by the client device.23

Similarly as noted above, the 

Exchange’s proposed latency statistics 

report provides users averages across 

the entire System for three types of 

latency: (i) The roundtrip time between 

the order entering the Exchange’s 

network and the time the order 

acknowledgement leaves the Exchange’s 

network, (ii) the roundtrip time between 

an order cancellation request and the 

time the order cancellation request 

acknowledgement leaves the Exchange’s 

network, (iii) the roundtrip time 

between an order entering the 

Exchange’s network and the time that 

the order appears on the Multicast 

PITCH feed. Even after QView was 

decommissioned, the underlying data 

needed to generate the latency statistics 

(other than for averages across the 

Nasdaq system) for each member was 

and continues to be available via the 

Nasdaq TradeInfo tool.24

The Exchange believes that the 

proposed fee for the Cboe Premium 

Exchange Tools is consistent with the 

Act in that it is reasonable, equitable, 

and not unfairly discriminatory. In 

particular, the Exchange believes that 

the proposed fee is reasonable because 

it is reasonably aligned with the value 

and benefits provided to users that 

choose to subscribe to the Cboe 

Premium Exchange Tools on the 

Exchange. As discussed above, Premium 

Exchange Tools provides users with an 

easily accessible tool that allows them 

to access certain execution and latency 

information from a single interface and 

provides such information in a 

convenient, user-friendly format. Also 

as described above, information 

provided by Premium Exchange Tools 

relates to the subscribing user’s activity 

on the Exchange, and users may 

generally access and aggregate this 

information by other means, including 

its own internal systems, without a 

subscription to Premium Exchange 

Tools. As such, the Exchange believes 

that if a user determines that the fee is 

not cost-efficient for its needs, it may 

decline to subscribe to Premium 

Exchange Tools and access such 

information from other sources. Indeed, 

the Cboe Premium Tools is a completely 

voluntary product, and the Exchange is 

not required by any rule or regulation to 

offer the reports or services provided 

under the Cboe Premium Exchange 

Tools. Nonetheless, such tools may be 

beneficial to Members and nonMembers as they provide various valueadded Exchange reports and services. 

Providing the Cboe Premium Exchange 

Tools to users requires the Exchange to 

allocate additional resources to create, 

manage, and support the services and 

reports. Therefore, the Exchange 

believes that it is reasonable to assess a 

modest fee to users that subscribe to the 

Cboe Premium Exchange Tools. 

The Exchange further believes the 

proposed fee is reasonable because the 

amount assessed is less than the 

analogous fees charged by Nasdaq, 

Nasdaq BX, and PHLX. The TradeInfo 

product offered by the aforementioned 

exchanges provides users the status of 

orders, executions, cancels and breaks, 

and provides the ability to cancel 

orders. Further, to view a variety of 

trading data, users can generate several 

different types of reports such as 

execution reports.25 As described above, 

the Cboe Premium Exchange Tools will 

offer similar data to that provided by 

Nasdaq, Nasdaq BX, and PHLX while, 

the Exchange’s proposed fee for the 

51932 Federal Register / Vol. 86, No. 178 / Friday, September 17, 2021 / Notices 

26 15 U.S.C. 78s(b)(3)(A). 

27 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 Commission 

has waived that requirement in this case. 

28 17 CFR 240.19b–4(f)(6). 

29 17 CFR 240.19b–4(f)(6)(iii). 

30See supra notes 21–24. 

31For purposes only of waiving the 30-day 

operative delay, the Commission has also 

considered the proposed rule’s impact on 

efficiency, competition, and capital formation. See 

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

Cboe Premium Tools at $40 per month 

per user, is lower than each of the 

Nasdaq, Nasdaq BX, and PHLX fees for 

similar information which charge $95 

per user. 

The Exchange believes that the 

proposed fee is equitable and not 

unfairly discriminatory because it will 

apply to all Members and non-Members 

that choose to subscribe to the Cboe 

Premium Exchange Tools equally. As 

stated, the services and reports provided 

by the Cboe Premium Exchange Tools 

are completely optional and not 

necessary for trading. Rather, the 

Exchange voluntarily makes the Cboe 

Premium Exchange Tools available and 

users may choose to subscribe (and pay 

for) the Cboe Premium Exchange Tools 

based on their own individual business 

needs. Potential subscribers may 

subscribe to Cboe Premium Exchange 

Tools at any time if they believe it to be 

valuable or may decline to purchase 

such services and reports. 

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 because the 

proposed Cboe Premium Exchange 

Tools will be available equally to all 

Members and non-Members that choose 

to subscribe to such tools. As stated, the 

Cboe Premium Exchange Tools are 

optional and Members and nonMembers may choose to subscribe to 

such tools, or not, based on their view 

of the additional benefits and added 

value provided by utilizing the reports 

or services offered by the Cboe Premium 

Exchange Tools. 

Next, the Exchange believes the 

proposed rule change does not impose 

any burden on intermarket competition 

that is not necessary or appropriate in 

furtherance of the purposes of the Act. 

As previously discussed, Nasdaq 

currently offers products that include 

similar information to that proposed 

under the Cboe Premium Exchange 

Tools. Moreover, the Commission has 

repeatedly expressed its preference for 

competition over regulatory 

intervention in determining prices, 

products, and services in the securities 

markets. Specifically, in Regulation 

NMS, the Commission highlighted the 

importance of market forces in 

determining prices and SRO revenues 

and, also, recognized that current 

regulation of the market system ‘‘has 

been remarkably successful in 

promoting market competition in its 

broader forms that are most important to 

investors and listed companies.’’ The 

fact that this market is competitive has 

also long been recognized by the courts. 

In NetCoalition v. Securities and 

Exchange Commission, the D.C. Circuit 

stated as follows: ‘‘[n]o one disputes 

that competition for order flow is 

‘fierce.’ . . . As the SEC explained, ‘[i]n 

the U.S. national market system, buyers 

and sellers of securities, and the brokerdealers that act as their order-routing 

agents, have a wide range of choices of 

where to route orders for execution’; 

[and] ‘no exchange can afford to take its 

market share percentages for granted’ 

because ‘no exchange possesses a 

monopoly, regulatory or otherwise, in 

the execution of order flow from broker 

dealers’. . . .’’. Accordingly, the 

Exchange does not believe its proposal 

imposes any burden on competition that 

is not necessary or appropriate in 

furtherance of the purposes of the Act. 

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 

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 26 and Rule 19b– 

4(f)(6) thereunder.27

A proposed rule change filed under 

Rule 19b–4(f)(6) 28 normally does not 

become operative prior to 30 days after 

the date of the filing. However, Rule 

19b–4(f)(6)(iii) 29 permits the 

Commission to designate a shorter time 

if such action is consistent with the 

protection of investors and the public 

interest. The Exchange has proposed to 

implement this proposed rule change on 

August 31, 2021 and has asked the 

Commission to waive the 30-day 

operative delay for this filing. The 

Exchange states that the proposed data 

to be included in the proposed Cboe 

Premium Exchange Tools is already 

generally available to all users without 

a subscription to Cboe Premium 

Exchange Tools and/or is substantially 

similar to information that was 

historically, or currently is, included in 

similar products offered on Nasdaq.30

The Commission believes waiver of the 

operative delay will allow a description 

of Cboe Premium Exchange Tools 

product to be immediately reflected in 

the Exchange’s rules and is consistent 

with the protection of investors and the 

public interest because the proposed 

rule change does not raise any new or 

novel issues. Accordingly, the 

Commission hereby waives the 30-day 

operative delay and designates the 

proposed rule change as operative from 

August 31, 2021.31

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 No. SR– 

CboeEDGX–2021–030 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–CboeEDGX–2021–030. This file 

number should be included on the 

Federal Register / Vol. 86, No. 178 / Friday, September 17, 2021 / Notices 51933 

32 17 CFR 200.30–3(a)(12). 

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

2 15 U.S.C. 78a. 

3 17 CFR 240.19b–4. 

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–CboeEDGX–2021–030, and should 

be submitted on or before October 8, 

2021. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.32

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2021–20082 Filed 9–16–21; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[SEC File No. 270–251, OMB Control No. 

3235–0256] 

Proposed Collection; Comment 

Request 

Upon Written Request Copies Available 

From: Securities and Exchange 

Commission, Office of FOIA Services, 

100 F Street NE, Washington, DC 

20549–2736 

Extension: 

Form F–3 

Notice is hereby given that, pursuant 

to the Paperwork Reduction Act of 1995 

(44 U.S.C. 3501 et seq.), the Securities 

and Exchange Commission 

(‘‘Commission’’) is soliciting comments 

on the collection of information 

summarized below. The Commission 

plans to submit this existing collection 

of information to the Office of 

Management and Budget for extension 

and approval. 

Form F–3 (17 CFR 239.33) is used by 

foreign issuers to register securities 

pursuant to the Securities Act of 1933 

(15 U.S.C. 77a et seq.). The information 

collected is intended to ensure that the 

information required to be filed by the 

Commission permits verification of 

compliance with securities law 

requirements and assures the public 

availability of such information. Form 

F–3 takes approximately 157.84 hours 

per response and is filed by 

approximately 113 respondents. We 

estimate that 25% of the 157.84 hours 

per response (39.46 hours) is prepared 

by the registrant for a total annual 

reporting burden of 4,459 hours (39.46 

hours per response × 113 responses). 

Written comments are invited on: (a) 

Whether this proposed collection of 

information is necessary for the proper 

performance of the functions of the 

agency, including whether the 

information will have practical utility; 

(b) the accuracy of the agency’s estimate 

of the burden imposed by the collection 

of information; (c) ways to enhance the 

quality, utility, and clarity of the 

information collected; and (d) ways to 

minimize the burden of the collection of 

information on respondents, including 

through the use of automated collection 

techniques or other forms of information 

technology. Consideration will be given 

to comments and suggestions submitted 

in writing within 60 days of this 

publication. 

An agency may not conduct or 

sponsor, and a person is not required to 

respond to, a collection of information 

unless it displays a currently valid 

control number. 

Please direct your written comment to 

David Bottom, Director/Chief 

Information Officer, Securities and 

Exchange Commission, c/o Cynthia 

Roscoe, 100 F Street NE, Washington, 

DC 20549 or send an email to: PRA_

Mailbox@sec.gov. 

Dated: September 14, 2021. 

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2021–20120 Filed 9–16–21; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–92958; File No. SR– 

NYSEArca–2021–77] 

Self-Regulatory Organizations; NYSE 

Arca, Inc.; Notice of Filing and 

Immediate Effectiveness of Proposed 

Rule Change To List and Trade Shares 

of the Nuveen Growth Opportunities 

ETF Under NYSE Arca Rule 8.601–E 

(Active Proxy Portfolio Shares) 

September 13, 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 August 

31, 2021, NYSE Arca, Inc. (‘‘NYSE 

Arca’’ 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 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 list and 

trade shares of the following under 

NYSE Arca Rule 8.601–E: Nuveen 

Growth Opportunities ETF. 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