Federal Register / Vol. 86, No. 180 / Tuesday, September 21, 2021 / Notices 52539 

20 15 U.S.C. 78s(b)(3)(A)(iii). 

21 17 CFR 240.19b–4(f)(6). In addition, Rule 19b– 

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

the Commission written notice of its intent to file 

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. 22 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. 92573 

(August 5, 2021), 86 FR 44062 (August 11, 2021). 

4Comments received on the proposed rule change 

are available at: https://www.sec.gov/comments/srnysearca-2021-53/srnysearca202153.htm. 

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

6 Id. 

Permissible, does not impose an undue 

burden on competition as all members, 

member organizations, and persons 

associated with member organizations 

that conduct business with the public 

would be subject to the proposed rule. 

General 9, Section 58 

The Exchange’s proposal to amend a 

heading within General 9, Section 58, 

Advertisements, Market Letters, 

Research Reports and Sales Literature, is 

a non-substantive rule change. 

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)(iii) of the Act 20 and 

subparagraph (f)(6) of Rule 19b–4 

thereunder.21

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 

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– 

Phlx–2021–52 on the subject line. 

Paper Comments 

• Send paper comments in triplicate 

to Secretary, Securities and Exchange 

Commission, 100 F Street NE, 

Washington, DC 20549–1090. 

All submissions should refer to File 

Number SR–Phlx–2021–52. 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–Phlx–2021–52 and should 

be submitted on or before October 12, 

2021. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.22

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2021–20325 Filed 9–20–21; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–92999; File No. SR– 

NYSEArca–2021–53] 

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 Teucrium 

Bitcoin Futures Fund Under NYSE 

Arca Rule 8.200–E 

September 15, 2021. 

On July 23, 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 Teucrium 

Bitcoin Futures Fund under NYSE Arca 

Rule 8.200–E, Commentary .02 (Trust 

Issued Receipts). The proposed rule 

change was published for comment in 

the Federal Register on August 11, 

2021.3 The Commission has received 

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 September 25, 

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 November 9, 2021, as the 

date by which the Commission shall 

either approve or disapprove, or 


lotter on DSK11XQN23PROD with NOTICES1
52540 Federal Register / Vol. 86, No. 180 / Tuesday, September 21, 2021 / Notices 

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. 

4For purposes of this filing, Market Makers 

include BX Options Market Makers and Options 

Market Makers. See Options 1, Section 1(a)(10). 

5Today, Market Makers can log into an interface 

to send a message to the Exchange to initiate the 

Kill Switch. 

6For purposes of this filing, the term ‘‘System’’ 

means the automated system for order execution 

and trade reporting owned and operated by BX as 

the BX Options market. See Options 1, Section 

1(a)(59). 

7 Identifiers include Exchange accounts, ports, 

and/or badges or mnemonics. Thus, a Market Maker 

using Kill Switch may elect to remove quotes for 

an individual Identifier (e.g., badge) or any group 

of Identifiers (e.g., all badges within one Market 

Maker firm). Permissible groups must reside within 

a single member firm. 

8See Options 3, Section 17. The Kill Switch tool 

also currently allows BX Participants to cancel open 

orders and prevent new order submission. The 

Exchange is not proposing to decommission the 

order cancellation portion of the Kill Switch tool at 

this time. 

9No Market Makers have used the Kill Switch for 

quote removal in 2021. 

10See Options Trader Alert #2021–49. 

institute proceedings to determine 

whether to disapprove, the proposed 

rule change (File No. SR–NYSEArca– 

2021–53). 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.7

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2021–20330 Filed 9–20–21; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

Sunshine Act Meetings 

TIME AND DATE: Notice is hereby given, 

pursuant to the provisions of the 

Government in the Sunshine Act, Public 

Law 94–409, that the Securities and 

Exchange Commission Small Business 

Capital Formation Advisory Committee 

will hold a public meeting on Monday, 

September 27, 2021, via 

videoconference. 

PLACE: The meeting will begin at 10:00 

a.m. (ET) and will be open to the public. 

The meeting will be conducted by 

remote means (videoconference) and/or 

at the Commission’s headquarters, 100 F 

Street NE, Washington, DC 20549. 

Members of the public may watch the 

webcast of the meeting on the 

Commission’s website at www.sec.gov. 

STATUS: On September 2, 2021, the 

Commission published notice of the 

Committee meeting (Release No. 33– 

10976), indicating that the meeting is 

open to the public and inviting the 

public to submit written comments to 

the Committee. This Sunshine Act 

notice is being issued because a majority 

of the Commission may attend the 

meeting. 

MATTERS TO BE CONSIDERED: The agenda 

for the meeting includes matters relating 

to rules and regulations affecting small 

and emerging businesses and their 

investors under the federal securities 

laws. 

CONTACT PERSON FOR MORE INFORMATION: 

For further information and to ascertain 

what, if any, matters have been added, 

deleted or postponed; please contact 

Vanessa A. Countryman from the Office 

of the Secretary at (202) 551–5400. 

Dated: September 17, 2021. 

Vanessa A. Countryman, 

Secretary. 

[FR Doc. 2021–20533 Filed 9–17–21; 4:15 pm] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–93011; File No. SR–BX– 

2021–037] 

Self-Regulatory Organizations; Nasdaq 

BX, Inc.; Notice of Filing and 

Immediate Effectiveness of Proposed 

Rule Change To Amend Options 3, 

Section 17, To Decommission the 

Exchange’s Quote Removal Kill Switch 

Functionality 

September 15, 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 

September 2, 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 

decommission the Exchange’s quote 

removal Kill Switch functionality at 

Options 3, Section 17. 

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 

Options 3, Section 17 to decommission 

the Exchange’s quote removal Kill 

Switch functionality, which is an 

optional tool that allows Market 

Makers 4 to initiate a message (or 

messages) 5 to the System 6 to promptly 

remove their quotes from the market. 

Market Makers may submit a request to 

the System to remove quotes based on 

certain identifier(s) on either a user or 

group level (‘‘Identifier’’).7 If quotes are 

cancelled by the Market Maker using 

Kill Switch, it will result in the removal 

of all quotes requested for the 

Identifier(s). The Market Maker will be 

unable to enter any additional quotes for 

the affected Identifier(s) until the 

Market Maker sends a re-entry request 

to the Exchange.8

Due to the lack of demand for the 

quote removal Kill Switch by Market 

Makers, the Exchange proposes to 

decommission this optional tool by the 

end of Q4 2021.9 Through consultation 

with individual Market Maker firms 

prior to filing this rule change, the 

Exchange did not receive any negative 

feedback for its proposal to 

decommission the quote removal Kill 

Switch functionality. The Exchange has 

also provided all market participants 

with advance notice that it will 

decommission this functionality in Q4 

2021.10 With the proposed changes, the 

Exchange seeks to streamline its product 

offerings and to reallocate Exchange 

resources to other business and risk 

management initiatives. While the 


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