31920 Federal Register / Vol. 87, No. 101 / Wednesday, May 25, 2022 / Notices 

33 15 U.S.C. 78s(b)(2). 

34 15 U.S.C. 78q–1(b)(3)(F). 

35 15 U.S.C. 78s(b)(2). 

36 In approving this proposed rule change, the 

Commission has considered the proposed rules’ 

impact on efficiency, competition, and capital 

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

37 15 U.S.C. 78s(b)(2). 

38 17 CFR 200.30–3(a)(12). 

1See Letter from Robert Books, Chair, CTA/CQ 

Operating Committee, to Vanessa Countryman, 

Secretary, Commission (Nov. 5, 2021). 

2The Participants are: Cboe BYX Exchange, Inc., 

Cboe BZX Exchange, Inc., Cboe EDGA Exchange, 

Inc., Cboe EDGX Exchange, Inc., Cboe Exchange, 

Inc., Financial Industry Regulatory Authority, Inc., 

The Investors’ Exchange LLC, Long-Term Stock 

Exchange, Inc., MEMX LLC, MIAX PEARL, LLC, 

Nasdaq BX, Inc., Nasdaq ISE, LLC, Nasdaq PHLX, 

Inc., The Nasdaq Stock Market LLC, New York 

Stock Exchange LLC, NYSE American LLC, NYSE 

Arca, Inc., NYSE Chicago, Inc., and NYSE National, 

Inc. (collectively, the ‘‘Participants’’). 

3The CTA Plan, pursuant to which markets 

collect and disseminate last-sale price information 

for non-Nasdaq-listed securities, is a ‘‘transaction 

reporting plan’’ under Rule 601 of Regulation NMS, 

17 CFR 242.601, and a ‘‘national market system 

plan’’ under Rule 608 of Regulation NMS, 17 CFR 

242.608. The CQ Plan, pursuant to which markets 

collect and disseminate bid/ask quotation 

information for non-Nasdaq-listed securities, is a 

‘‘national market system plan’’ under Rule 608 

under the Act, 17 CFR 242.608. See Securities 

Exchange Act Release Nos. 10787 (May 10, 1974), 

39 FR at 17799 (May 20, 1974) (declaring the CTA 

Plan effective); 15009 (July 28, 1978), 43 FR at 

34851 (Aug. 7, 1978) (temporarily authorizing the 

CQ Plan); and 16518 (Jan. 22, 1980), 45 FR at 6521 

(Jan. 28, 1980) (permanently authorizing the CQ 

Plan). 

4 15 U.S.C 78k–1. 

5 17 CFR 242.608. 

6See Securities Exchange Act Release No. 93615 

(Nov. 29, 2021), 86 FR 67800 (Nov. 29, 2021) 

(‘‘Notice’’). Comments received in response to the 

Notice can be found on the Commission’s website 

at https://www.sec.gov/comments/sr-ctacq-2021-02/ 

srctacq202102.htm. 

7 17 CFR 242.608(b)(2)(i). 

8See Securities Exchange Act Release No. 94310 

(Feb. 24, 2022), 87 FR 11748 (Mar. 2, 2022) (‘‘OIP’’). 

Comments received in response to the OIP can be 

found on the Commission’s website at https://

www.sec.gov/comments/sr-ctacq-2021-02/ 

srctacq202102.htm. 

9 17 CFR 242.608(b)(2)(i). 

10 Id. 

11 17 CFR 200.30–3(a)(85). 

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–OCC–2022–004 and should 

be submitted on or before June 15, 2022. 

V. Accelerated Approval of Proposed 

Rule Change, as Modified by Partial 

Amendment No. 1 

The Commission finds good cause, 

pursuant to Section 19(b)(2) of the 

Exchange Act,33 to approve the 

proposed rule change prior to the 30th 

day after the date of publication of 

notice of the filing of Partial 

Amendment No. 1 in the Federal 

Register. As discussed above, Partial 

Amendment No. 1 modified the original 

proposed rule change by making 

conforming changes to OCC’s Liquidity 

Risk Management Framework consistent 

with the initial filing. Partial 

Amendment No. 1 does not change the 

purpose of or basis for the proposed 

changes. 

For similar reasons as discussed 

above, the Commission finds that Partial 

Amendment No. 1 is consistent with the 

requirement that OCC’s rules be 

designed to promote the prompt and 

accurate clearance and settlement of 

securities transactions under Section 

17A(b)(3)(F) of the Exchange Act.34

Accordingly, the Commission finds 

good cause, pursuant to Section 19(b)(2) 

of the Exchange Act, to approve the 

proposed rule change, as modified by 

Partial Amendment No. 1, on an 

accelerated basis, pursuant to Section 

19(b)(2) of the Exchange Act.35

VI. Conclusion 

On the basis of the foregoing, the 

Commission finds that the proposed 

rule change, as modified by Partial 

Amendment No. 1, is consistent with 

the requirements of the Exchange Act, 

and in particular, the requirements of 

Section 17A of the Exchange Act 36 and 

the rules and regulations thereunder. 

It is therefore ordered, pursuant to 

Section 19(b)(2) of the Exchange Act,37

that the proposed rule change (SR– 

OCC–2022–004), as modified by Partial 

Amendment No. 1, be, and hereby is, 

approved on an accelerated basis. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.38

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2022–11205 Filed 5–24–22; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–94951; File No. SR–CTA/ 

CQ–2021–02] 

Consolidated Tape Association; Notice 

of Designation of a Longer Period for 

Commission Action on the ThirtySeventh Substantive Amendment to 

the Second Restatement of the CTA 

Plan and Twenty-Eighth Substantive 

Amendment to the Restated CQ Plan 

May 19, 2022. 

On November 5, 2021,1 the 

Participants 2 in the Second Restatement 

of the Consolidated Tape Association 

(‘‘CTA’’) Plan and Restated 

Consolidated Quotation (‘‘CQ’’) Plan 

(collectively ‘‘CTA/CQ Plans’’ or 

‘‘Plans’’) 3 filed with the Securities and 

Exchange Commission (‘‘Commission’’), 

pursuant to Section 11A of the 

Securities Exchange Act of 1934 

(‘‘Act’’) 4 and Rule 608 of Regulation 

National Market System (‘‘NMS’’) 

thereunder,5 a proposal (‘‘Proposed 

Amendments’’) to amend the Plans. The 

Proposed Amendments were published 

for comment in the Federal Register on 

November 29, 2021.6

On February 24, 2022, the 

Commission instituted proceedings 

pursuant to Rule 608(b)(2)(i) of 

Regulation NMS 7 to determine whether 

to approve or disapprove the Proposed 

Amendments or to approve the 

Proposed Amendments with any 

changes or subject to any conditions the 

Commission deems necessary or 

appropriate after considering public 

comment.8 Rule 608(b)(2)(i) of 

Regulation NMS provides that such 

proceedings shall be concluded within 

180 days of the date of publication of 

notice of the plan or amendment and 

that the time for conclusion of such 

proceedings may be extended for up to 

60 days (up to 240 days from the date 

of notice publication) if the Commission 

determines that a longer period is 

appropriate and publishes the reasons 

for such determination or the plan 

participants consent to a longer period.9

The 180th day after publication of the 

Notice for the Proposed Amendments is 

May 28, 2022. The Commission is 

extending this 180-day period. 

The Commission finds that it is 

appropriate to designate a longer period 

within which to conclude proceedings 

regarding the Proposed Amendments so 

that it has sufficient time to consider the 

Proposed Amendments and the 

comments received. Accordingly, 

pursuant to Rule 608(b)(2)(i) of 

Regulation NMS,10 the Commission 

designates July 27, 2022 as the date by 

which the Commission shall conclude 

the proceedings to determine whether to 

approve or disapprove the Proposed 

Amendments or to approve the 

Proposed Amendments with any 

changes or subject to any conditions the 

Commission deems necessary or 

appropriate (File No. SR–CTA/CQ– 

2021–02). 


lotter on DSK11XQN23PROD with NOTICES1
Federal Register / Vol. 87, No. 101 / Wednesday, May 25, 2022 / Notices 31921 

1See Letter from Robert Books, Chair, UTP 

Operating Committee, to Vanessa Countryman, 

Secretary, Commission (Nov. 5, 2021). 

2The Plan governs the collection, processing, and 

dissemination on a consolidated basis of quotation 

information and transaction reports in Eligible 

Securities for its Participants. The Plan serves as the 

required transaction reporting plan for its 

Participants, which is a prerequisite for their 

trading Eligible Securities. See Securities Exchange 

Act Release No. 55647 (Apr. 19, 2007), 72 FR 20891 

(Apr. 26, 2007). 

3 15 U.S.C 78k–1. 

4 17 CFR 242.608. 

5The Proposed Amendment was approved and 

executed by more than the Plan’s required twothirds of the self-regulatory organizations (‘‘SROs’’) 

that are participants of the UTP Plan. The 

participants that approved and executed the 

amendment (the ‘‘Participants’’) are: Cboe BYX 

Exchange, Inc., Cboe BZX Exchange, Inc., Cboe 

EDGA Exchange, Inc., Cboe EDGX Exchange, Inc., 

Cboe Exchange, Inc., Nasdaq ISE, LLC, Nasdaq 

PHLX, Inc., The Nasdaq Stock Market LLC, New 

York Stock Exchange LLC, NYSE American LLC, 

NYSE Arca, Inc., NYSE Chicago, Inc., and NYSE 

National, Inc.. The other SROs that are participants 

in the UTP Plan are: Financial Industry Regulatory 

Authority, Inc., The Investors’ Exchange LLC, LongTerm Stock Exchange, Inc., MEMX LLC, MIAX 

PEARL, LLC, and Nasdaq BX, Inc. 

6See Securities Exchange Act Release No. 93618 

(Nov. 19, 2021), 86 FR 67562 (Nov. 26, 2021) 

(‘‘Notice’’). Comments received in response to the 

Notice are available at https://www.sec.gov/ 

comments/s7-24-89/s72489.shtml. 

7 17 CFR 242.608(b)(2)(i). 

8See Securities Exchange Act Release No. 94307 

(Feb. 24, 2022), 87 FR 11787 (Mar. 2, 2022) (‘‘OIP’’). 

Comments received in response to the OIP can be 

found on the Commission’s website at https://

www.sec.gov/comments/s7-24-89/s72489.htm. 

9 17 CFR 242.608(b)(2)(i). 

10 Id. 

11 17 CFR 200.30–3(a)(85). 

1See Letter from Robert Books, Chair, CTA/CQ 

Operating Committee, to Vanessa Countryman, 

Secretary, Commission (Nov. 5, 2021). 

2The CTA Plan, pursuant to which markets 

collect and disseminate last-sale price information 

for non-Nasdaq-listed securities, is a ‘‘transaction 

reporting plan’’ under Rule 601 of Regulation NMS, 

17 CFR 242.601, and a ‘‘national market system 

plan’’ under Rule 608 of Regulation NMS, 17 CFR 

242.608. The CQ Plan, pursuant to which markets 

collect and disseminate bid/ask quotation 

information for non-Nasdaq-listed securities, is a 

‘‘national market system plan’’ under Rule 608 

under the Act, 17 CFR 242.608. See Securities 

Exchange Act Release Nos. 10787 (May 10, 1974), 

39 FR at 17799 (May 20, 1974) (declaring the CTA 

Plan effective); 15009 (July 28, 1978), 43 FR at 

34851 (Aug. 7, 1978) (temporarily authorizing the 

CQ Plan); and 16518 (Jan. 22, 1980), 45 FR at 6521 

(Jan. 28, 1980) (permanently authorizing the CQ 

Plan). 

3 15 U.S.C 78k–1. 

4 17 CFR 242.608. 

5The Proposed Amendments were approved and 

executed by more than the required two-thirds of 

the self-regulatory organizations (‘‘SROs’’) that are 

participants of the UTP Plan. The participants that 

approved and executed the amendments (the 

‘‘Participants’’) are: Cboe BYX Exchange, Inc., Cboe 

BZX Exchange, Inc., Cboe EDGA Exchange, Inc., 

Cboe EDGX Exchange, Inc., Cboe Exchange, Inc., 

Nasdaq ISE, LLC, Nasdaq PHLX, Inc., The Nasdaq 

Stock Market LLC, New York Stock Exchange LLC, 

NYSE American LLC, NYSE Arca, Inc., NYSE 

Chicago, Inc., and NYSE National, Inc.. The other 

Continued 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.11

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2022–11204 Filed 5–24–22; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–94953; File No. S7–24–89] 

Joint Industry Plan; Notice of 

Designation of a Longer Period for 

Commission Action on the FiftySecond Amendment to the Joint SelfRegulatory Organization Plan 

Governing the Collection, 

Consolidation and Dissemination of 

Quotation and Transaction Information 

for Nasdaq-Listed Securities Traded on 

Exchanges on an Unlisted Trading 

Privileges Basis 

May 19, 2022. 

On November 5, 2021,1 certain 

participants in the Joint Self-Regulatory 

Organization Plan Governing the 

Collection, Consolidation and 

Dissemination of Quotation and 

Transaction Information for NasdaqListed Securities Traded on Exchanges 

on an Unlisted Trading Privileges Basis 

(‘‘Nasdaq/UTP Plan’’ or ‘‘Plan’’) 2 filed 

with the Securities and Exchange 

Commission (‘‘SEC’’ or ‘‘Commission’’), 

pursuant to Section 11A of the 

Securities Exchange Act of 1934 

(‘‘Act’’) 3 and Rule 608 of Regulation 

National Market System (‘‘NMS’’) 

thereunder,4 a proposal (‘‘Proposed 

Amendment’’) to amend the Nasdaq/ 

UTP Plan.5 The Proposed Amendment 

was published for comment in the 

Federal Register on November 26, 

2021.6

On February 24, 2022, the 

Commission instituted proceedings 

pursuant to Rule 608(b)(2)(i) of 

Regulation NMS,7 to determine whether 

to approve or disapprove the Proposed 

Amendment or to approve the Proposed 

Amendment with any changes or 

subject to any conditions the 

Commission deems necessary or 

appropriate after considering public 

comment.8 Rule 608(b)(2)(i) of 

Regulation NMS provides that such 

proceedings shall be concluded within 

180 days of the date of the publication 

of notice of the plan or amendment and 

that the time for conclusion of such 

proceedings may be extended for up to 

60 days (up to 240 days from the date 

of notice publication) if the Commission 

determines that a longer period is 

appropriate and publishes the reasons 

for such determination or the plan 

participants consent to a longer period.9

The 180th day after publication of the 

Notice for the Proposed Amendment is 

May 25, 2022. The Commission is 

extending this 180-day period. 

The Commission finds that it is 

appropriate to designate a longer period 

within which to conclude proceedings 

regarding the Proposed Amendment so 

that it has sufficient time to consider the 

Proposed Amendment and the 

comments received. Accordingly, 

pursuant to Rule 608(b)(2)(i) of 

Regulation NMS,10 the Commission 

designates July 24, 2022, as the date by 

which the Commission shall conclude 

the proceedings to determine whether to 

approve or disapprove the Proposed 

Amendment or to approve the Proposed 

Amendment with any changes or 

subject to any conditions the 

Commission deems necessary or 

appropriate (File No. S7–24–89). 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.11

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2022–11202 Filed 5–24–22; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–94952; File No. SR–CTA/ 

CQ–2021–03] 

Consolidated Tape Association; Notice 

of Designation of a Longer Period for 

Commission Action on the TwentyFifth Charges Amendment to the 

Second Restatement of the CTA Plan 

and Sixteenth Charges Amendment to 

the Restated CQ Plan 

May 19, 2022. 

On November 5, 2021,1 certain 

participants in the Second Restatement 

of the Consolidated Tape Association 

(‘‘CTA’’) Plan and Restated 

Consolidated Quotation (‘‘CQ’’) Plan 

(collectively ‘‘CTA/CQ Plans’’ or 

‘‘Plans’’) 2 filed with the Securities and 

Exchange Commission (‘‘SEC’’ or 

‘‘Commission’’), pursuant to Section 

11A of the Securities Exchange Act of 

1934 (‘‘Act’’) 3 and Rule 608 of 

Regulation National Market System 

(‘‘NMS’’) thereunder,4 a proposal 

(‘‘Proposed Amendments’’) to amend 

the Plans.5 The Proposed Amendments 


lotter on DSK11XQN23PROD with NOTICES1