21990 Federal Register / Vol. 87, No. 71 / Wednesday, April 13, 2022 / Notices 

10See Nasdaq Equity 7 Pricing Schedule, Section 

112(b)(1) and NYSE Proprietary Market Data Fees 

Schedule, General. 

11 15 U.S.C. 78s(b)(3)(A). 

12 17 CFR 240.19b–4(f). 

13 17 CFR 200.30–3(a)(12). 

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

2 17 CFR 240.19b–4. 

subscribing to or distributing a market 

data product for the first time, who may 

benefit from a period within which to 

set up and test use of the product before 

it becomes fee liable, and Users and 

Distributors that are already receiving or 

distributing the Exchange’s market data 

products and are deriving value from 

such use. The Exchange believes that 

the limited period of the free trial would 

not be unfairly discriminatory to other 

users of the Exchange’s market data 

products because it is designed to 

provide a reasonable period of time to 

set up and test a new market data 

product. The Exchange further believes 

that providing a free trial for 30 days 

would ease administrative burdens for 

data recipients to subscribe to or 

distribute a new data product and 

eliminate fees for a period before such 

users are able to derive any benefit from 

the data. 

B. Self-Regulatory Organization’s 

Statement on Burden on Competition 

The Exchange does not believe that 

the proposed rule change would result 

in any burden on competition that is not 

necessary or appropriate in furtherance 

of the purposes of the Act. The 

Exchange operates in a highly 

competitive environment, and its ability 

to price these data products is 

constrained by competition among 

exchanges that offer similar data 

products to their customers. The 

Exchange believes that the proposed 

free trial program does not put any 

market participants at a relative 

disadvantage compared to other market 

participants. As discussed, the proposed 

trial would apply to first time Users and 

Distributors on an equal and nondiscriminatory basis. Further, the 

Exchange believes that the proposed 

program does not impose a burden on 

competition or on other SROs that is not 

necessary or appropriate in furtherance 

of the purposes of the Act. The 

Exchange does not believe that the 

proposal would cause any unnecessary 

or inappropriate burden on intermarket 

competition as other exchanges are free 

to lower their prices or provide a free 

trial to better compete with the 

Exchange’s offering. Indeed, other 

national securities exchanges already 

offer similar free trial programs today.10

The proposed amendments are also 

designed to enhance competition by 

providing an incentive to Distributors to 

enlist new subscribers and Users to 

subscribe to Exchange real-time market 

data products. 

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 

The foregoing rule change has become 

effective pursuant to Section 19(b)(3)(A) 

of the Act 11 and paragraph (f) of Rule 

19b–4 12 thereunder. At any time within 

60 days of the filing of the proposed rule 

change, the Commission summarily may 

temporarily suspend such rule change if 

it appears to the Commission that such 

action is necessary or appropriate in the 

public interest, for the protection of 

investors, or otherwise in furtherance of 

the purposes of the Act. If the 

Commission takes such action, the 

Commission will 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– 

CboeBYX–2022–010 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–CboeBYX–2022–010. 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. 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– 

CboeBYX–2022–010, and should be 

submitted on or before May 4, 2022. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.13

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2022–07856 Filed 4–12–22; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–94631; File No. SR–Phlx– 

2022–16] 

Self-Regulatory Organizations; Nasdaq 

PHLX LLC; Notice of Filing and 

Immediate Effectiveness of Proposed 

Rule Change To Extend the Pilot To 

Permit the Listing and Trading of 

Options Based on 1/100 the Value of 

the Nasdaq-100 Index and the 

Nonstandard Expirations Pilot 

April 7, 2022. 

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 March 31, 

2022, Nasdaq PHLX LLC (‘‘Phlx’’ or 

‘‘Exchange’’) filed with the Securities 

and Exchange Commission 

(‘‘Commission’’) the proposed rule 

change as described in Items I, II, and 

III below, which Items have been 

prepared by the Exchange. The 

Commission is publishing this notice to 


jspears on DSK121TN23PROD with NOTICES1
Federal Register / Vol. 87, No. 71 / Wednesday, April 13, 2022 / Notices 21991 

3See Securities Exchange Act Release No. 91524 

(April 9, 2021), 86 FR 19909 (April 15, 2021) (SR– 

Phlx–2021–07) (Approval Order). 

4See Securities Exchange Act Release No. 93447 

(October 28, 2021), 86 FR 60719 (November 3, 2021) 

(SR–Phlx–2021–66). 

5See Securities Exchange Act Release No. 82341 

(December 15, 2017), 82 FR 60651 (December 21, 

2017) (approving SR–Phlx–2017–79) (Order 

Approving a Proposed Rule Change, as Modified by 

Amendment No. 1 and Granting Accelerated 

Approval of Amendment No. 2, of a Proposed Rule 

Change To Establish a Nonstandard Expirations 

Pilot Program). 

6See Securities Exchange Act Release Nos. 84835 

(December 17, 2018), 83 FR 65773 (December 21, 

2018) (SR–Phlx–2018–80); 85669 (April 17, 2019), 

84 FR 16913 (April 23, 2019) (SR–Phlx–2019–13); 

87381 (October 22, 2019), 84 FR 57788 (October 28, 

2019) (SR–Phlx–2019–43); 88684 (April 17, 2020), 

85 FR 22781 (April 23, 2020) (SR–Phlx–2020–24); 

90256 (October 22, 2020), 85 FR 68393 (October 28, 

2020) (SR–Phlx–2020–48); 91484 (April 6, 2021), 86 

FR 19050 (April 12, 2021) (SR–Phlx–2021–21); and 

93464 (October 29, 2021), 86 FR 60952 (November 

4, 2021) (SR–Phlx–2021–65). 

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 extend the 

pilot to permit the listing and trading of 

options based on 1/100 the value of the 

Nasdaq-100 Index (‘‘Nasdaq-100’) and 

the Exchange’s nonstandard expirations 

pilot program, both currently set to 

expire on May 4, 2022. 

The text of the proposed rule change 

is available on the Exchange’s website at 

https://listingcenter.nasdaq.com/ 

rulebook/phlx/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 

Phlx proposes to extend 2 pilots, 

which are both set to expire on May 4, 

2022. The Exchange proposes to extend 

(1) pilot to permit the listing and trading 

of options based on 1/100 the value of 

the Nasdaq-100 Index (‘‘XND Pilot’’), 

and (2) the Exchange’s nonstandard 

expirations pilot program 

(‘‘Nonstandard Pilot’’). 

XND Pilot 

Phlx filed a rule change to permit the 

listing and trading of index options on 

the Nasdaq 100 Micro Index Options 

(‘‘XND’’) on a pilot basis.3 XND options 

trade independently of and in addition 

to NDX options, and the XND options 

are subject to the same rules that 

presently govern the trading of index 

options based on the Nasdaq-100 Index, 

including sales practice rules, margin 

requirements, trading rules, and 

position and exercise limits. Similar to 

NDX, XND options are European-style 

and cash-settled, and have a contract 

multiplier of 100. The contract 

specifications for XND options mirror in 

all respects those of the NDX options 

contract already listed on the Exchange, 

except that XND options are based on 1/ 

100th of the value of the Nasdaq-100 

Index, and are P.M.-settled pursuant to 

Options 4A, Section 12(a)(5). 

The Exchange proposes to amend 

Phlx Options 4A, Section 12(a)(6) to 

extend the current XND Pilot period to 

November 4, 2022. This pilot was 

previously extended with the last 

extension through May 4, 2022.4 The 

Exchange continues to have sufficient 

capacity to handle additional quotations 

and message traffic associated with the 

listing and trading of XND options. In 

addition, index options are integrated 

into the Exchange’s existing 

surveillance system architecture and are 

thus subject to the relevant surveillance 

processes. The Exchange also continues 

to have adequate surveillance 

procedures to monitor trading in XND 

options thereby aiding in the 

maintenance of a fair and orderly 

market. Additionally, there is continued 

investor interest in these products and 

this extension will provide additional 

time to collect data related to the XND 

Pilot. The Exchange believes that the 

proposed extension of the XND Pilot 

will not have an adverse impact on 

capacity. 

XND Pilot Report 

The Exchange currently makes public 

on its website the data and analysis 

previously submitted to the Commission 

on the XND Pilot and will continue to 

make public any data or analysis it 

submits under the XND Pilot in the 

future. The Exchange intends to submit 

a rule change proposing permanency of 

the XND Pilot and would either provide 

additional data in such proposal or in 

an annual report. The Exchange would 

continue to provide the Commission 

with ongoing data unless and until the 

XND Pilot is made permanent or 

discontinued. 

Nonstandard Pilot 

On December 15, 2017, the 

Commission approved a rule change for 

the listing and trading on the Exchange, 

on a twelve month pilot basis, of p.m.- 

settled options on broad-based indexes 

with nonstandard expirations dates 

(‘‘Nonstandard Pilot’’).5 The 

Nonstandard Pilot permits both Weekly 

Expirations and End of Month (‘‘EOM’’) 

expirations similar to those of the a.m.- 

settled broad-based index options, 

except that the exercise settlement value 

of the options subject to the pilot are 

based on the index value derived from 

the closing prices of component stocks. 

The Nonstandard Pilot was extended 

various times and is currently extended 

through May 4, 2022.6

Pursuant to Phlx Options 4A, Section 

12(b)(5)(A) the Exchange may open for 

trading Weekly Expirations on any 

broad-based index eligible for standard 

options trading to expire on any 

Monday, Wednesday, or Friday (other 

than the third Friday-of-the-month or 

days that coincide with an EOM 

expiration). Weekly Expirations are 

subject to all provisions of Options 4A, 

Section 12 and are treated the same as 

options on the same underlying index 

that expire on the third Friday of the 

expiration month. Unlike the standard 

monthly options, however, Weekly 

Expirations are P.M.-settled. 

Similarly, pursuant to Options 4A, 

Section 12(b)(5)(B) the Exchange may 

open for trading EOM expirations on 

any broad-based index eligible for 

standard options trading to expire on 

the last trading day of the month. EOM 

expirations are subject to all provisions 

of Options 4A, Section 12 and treated 

the same as options on the same 

underlying index that expire on the 

third Friday of the expiration month. 

However, the EOM expirations are P.M.- 

settled. 

The Exchange now proposes to amend 

Options 4A, Section 12(b)(5)(C) so that 

the duration of the Nonstandard Pilot 

for these nonstandard expirations will 

be through November 4, 2022. The 

Exchange continues to have sufficient 

systems capacity to handle P.M.-settled 

options on broad-based indexes with 

nonstandard expirations dates and has 

not encountered any issues or adverse 

market effects as a result of listing them. 

Additionally, there is continued 

investor interest in these products. The 

Exchange will continue to make public 


jspears on DSK121TN23PROD with NOTICES1
21992 Federal Register / Vol. 87, No. 71 / Wednesday, April 13, 2022 / Notices 

7 15 U.S.C. 78f(b). 

8 15 U.S.C. 78f(b)(5). 

9 15 U.S.C. 78s(b)(3)(A)(iii). 

10 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. 

on its website any data and analysis it 

submits to the Commission under the 

Nonstandard Pilot. The Exchange 

believes that the proposed extension of 

the Nonstandard Pilot will not have an 

adverse impact on capacity. 

Nonstandard Pilot Report 

The Exchange intends to submit a rule 

change proposing permanency of the 

Nonstandard Pilot and would either 

provide additional data in such 

proposal or in an annual report. The 

Exchange would continue to provide the 

Commission with ongoing data unless 

and until the Nonstandard Pilot is made 

permanent or discontinued. 

2. Statutory Basis 

The Exchange believes that the 

proposed rule change is consistent with 

Section 6(b) of the Act,7 in general, and 

furthers the objectives of Section 6(b)(5) 

of the Act,8 in particular, in that it is 

designed to promote just and equitable 

principles of trade, 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. 

XND Pilot 

In particular, the Exchange believes 

that the XND Pilot has been successful 

to date. The Exchange has not 

encountered any problems with the 

XND Pilot. By extending the XND Pilot, 

the Exchange believes it will attract 

order flow to the Exchange, increase the 

variety of listed options, and provide a 

valuable hedge tool to retail and other 

investors. Specifically, the Exchange 

believes that the XND Pilot will provide 

additional trading and hedging 

opportunities for investors while 

providing the Commission with data to 

monitor for and assess any potential for 

adverse market effects of allowing P.M.- 

settlement for XND options, including 

on the underlying component stocks. 

Nonstandard Pilot 

The Exchange believes the proposed 

rule change will protect investors and 

the public interest by providing the 

Exchange, the Commission and 

investors the benefit of additional time 

to analyze nonstandard expiration 

options. In particular, the Exchange 

believes that the Nonstandard Pilot has 

been successful to date. The Exchange 

has not encountered any problems with 

the Nonstandard Pilot. By extending the 

Nonstandard Pilot, investors may 

continue to benefit from a wider array 

of investment opportunities. 

Additionally, both the Exchange and the 

Commission may continue to monitor 

the potential for adverse market effects 

of p.m.-settlement on the market, 

including the underlying cash equities 

market, at the expiration of these 

options. 

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. The 

Exchange believes that the proposed 

rule change will not impose an undue 

burden on inter-market competition as 

this rule change will continue to 

facilitate the listing and trading of new 

option products that will enhance 

competition among market participants, 

to the benefit of investors and the 

marketplace. Furthermore, these 

products could offer a competitive 

alternative to other existing investment 

products. Finally, it is possible for other 

exchanges to develop or license the use 

of a new or different index to compete 

with these products and seek 

Commission approval to list and trade 

options on such an index. 

XND Pilot 

XND options would be available for 

trading to all market participants and 

therefore would not impose an undue 

burden on intra-market competition. 

The continued listing of XND will 

enhance competition by providing 

investors with an additional investment 

vehicle, in a fully-electronic trading 

environment, through which investors 

can gain and hedge exposure to the 

Nasdaq-100. 

Nonstandard Pilot 

Options with nonstandard expirations 

would be available for trading to all 

market participants. The continued 

listing of the Nonstandard Pilot will 

enhance competition by providing 

investors with an additional investment 

vehicle, in a fully-electronic trading 

environment, through which investors 

can gain and hedge exposure to the 

Nasdaq-100. 

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 9 and 

subparagraph (f)(6) of Rule 19b–4 

thereunder.10

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–2022–16 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–2022–16. 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/ 


jspears on DSK121TN23PROD with NOTICES1
Federal Register / Vol. 87, No. 71 / Wednesday, April 13, 2022 / Notices 21993 

11 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. 

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–2022–16 and should 

be submitted on or before May 4, 2022. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.11

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2022–07854 Filed 4–12–22; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[SEC File No. 270–242, OMB Control No. 

3235–0206] 

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: 

Rule 19d–1 

Notice is hereby given that pursuant 

to the Paperwork Reduction Act of 1995 

(44 U.S.C. 3501 et seq.) (‘‘PRA’’), the 

Securities and Exchange Commission 

(‘‘Commission’’) is soliciting comments 

on the existing collection of information 

provided for in Rule 19d–1 (17 CFR 

240.19d–1) under the Securities 

Exchange Act of 1934 (15 U.S.C. 78a et 

seq.) (‘‘Exchange Act’’). The 

Commission plans to submit this 

existing collection of information to the 

Office of Management and Budget) 

(‘‘OMB’’) for extension and approval. 

Rule 19d–1 prescribes the form and 

content of notices to be filed with the 

Commission by self-regulatory 

organizations (‘‘SROs’’) for which the 

Commission is the appropriate 

regulatory agency concerning the 

following final SRO actions: (1) 

Disciplinary actions with respect to any 

person; (2) denial, bar, prohibition, or 

limitation of membership, participation 

or association with a member or of 

access to services offered by an SRO or 

member thereof; (3) summarily 

suspending a member, participant, or 

person associated with a member, or 

summarily limiting or prohibiting any 

persons with respect to access to or 

services offered by the SRO or a member 

thereof; and (4) delisting a security. 

The Rule enables the Commission to 

obtain reports from the SROs containing 

information regarding SRO 

determinations to delist a security, 

discipline members or associated 

persons of members, deny membership 

or participation or association with a 

member, and similar adjudicated 

findings. The Rule requires that such 

actions be promptly reported to the 

Commission. The Rule also requires that 

the reports and notices supply sufficient 

information regarding the background, 

factual basis and issues involved in the 

proceeding to enable the Commission: 

(1) To determine whether the matter 

should be called up for review on the 

Commission’s own motion; and (2) to 

ascertain generally whether the SRO has 

adequately carried out its 

responsibilities under the Exchange Act. 

It is estimated that approximately 19 

respondents will file a total of 

approximately 912 submissions per year 

(an average of 48 per respondent). The 

Commission estimates that the average 

number of hours necessary to comply 

with the requirements of Rule 19d–1 for 

each submission is 1 hour. The total 

annual burden for all respondents is 

thus 912 hours. The Commission 

estimates that the internal compliance 

cost per respondent is approximately 

$319 per response. The annual internal 

cost of compliance for all respondents is 

thus approximately $290,928 (19 

respondents × 48 responses × $319 per 

response). 

Written comments are invited on: (a) 

Whether the proposed collection of 

information is necessary for the proper 

performance of the functions of the 

Commission, including whether the 

information shall have practical utility; 

(b) the accuracy of the Commission’s 

estimates of the burden of the proposed 

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 by 

June 13, 2022. 

An agency may not conduct or 

sponsor, and a person is not required to 

respond to, a collection of information 

under the PRA unless it displays a 

currently valid OMB control number. 

Please direct your written comments 

to: David Bottom, Acting Director/Chief 

Information Officer, Securities and 

Exchange Commission, c/o John 

Pezzullo, 100 F Street NE, Washington, 

DC 20549 or send an email to: PRA_

Mailbox@sec.gov. 

Dated: April 7, 2022. 

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2022–07833 Filed 4–12–22; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–94629; File No. SR– 

NYSEArca–2022–17] 

Self-Regulatory Organizations; NYSE 

Arca, Inc.; Notice of Filing and 

Immediate Effectiveness of Proposed 

Rule Change To List and Trade Shares 

of the FMC Excelsior Focus Equity ETF 

Under Rule 8.900–E (Managed Portfolio 

Shares) 

April 7, 2022. 

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 April 1, 

2022, 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 Rule 

8.900–E (Managed Portfolio Shares): 

FMC Excelsior Focus Equity ETF. The 


jspears on DSK121TN23PROD with NOTICES1