Document ID: SEC-2020-1578-0001
Agency: sec
Document Type: Notice
Title: Joint Industry Plan: Filing and Immediate Effectiveness of Amendment to the National Market System Plan for the Selection and Reservation of Securities Symbols to Add MIAX PEARL LLC as a Party Thereto
Posted Date: 2020-10-07T04:00Z

[Federal Register Volume 85, Number 195 (Wednesday, October 7, 2020)]
[Notices]
[Pages 63313-63314]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-22121]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-90073; File No. 4-533]

Joint Industry Plan; Notice of Filing and Immediate Effectiveness 
of Amendment to the National Market System Plan for the Selection and 
Reservation of Securities Symbols To Add MIAX PEARL LLC as a Party 
Thereto

October 1, 2020.
    Pursuant to Section 11A(a)(3) of the Securities Exchange Act of 
1934 (``Act'') \1\ and Rule 608 thereunder,\2\ notice is hereby given 
that on September 8, 2020, MIAX PEARL, LLC (``MIAX PEARL'' or the 
``Exchange'') filed with the Securities and Exchange Commission 
(``Commission'') an amendment to the National Market System Plan for 
the Selection and Reservation of Securities Symbols (``Symbology Plan'' 
or ``Plan'').\3\ The amendment proposes to add MIAX PEARL as a party to 
the Symbology Plan. The Commission is publishing this notice to solicit 
comments on the proposed amendment from interested persons.
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    \1\ 15 U.S.C. 78k-1(a)(3).
    \2\ 17 CFR 242.608.
    \3\ On November 6, 2008, the Commission approved the Symbology 
Plan that was originally proposed by the Chicago Stock Exchange, 
Inc. (``CHX''), The Nasdaq Stock Market, Inc. (n/k/a The Nasdaq 
Stock Market LLC) (``Nasdaq''), National Association of Securities 
Dealers, Inc. (``NASD'') (n/k/a Financial Industry Regulatory 
Authority, Inc. (``FINRA'')), National Stock Exchange, Inc. 
(``NSX'') (n/k/a NYSE National, Inc. (``NYSE National'')), and 
Philadelphia Stock Exchange, Inc. (n/k/a Nasdaq PHLX LLC 
(``Phlx'')), subject to certain changes. See Securities Exchange Act 
Release No. 58904, 73 FR 67218 (November 13, 2008) (File No. 4-533).
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I. Description and Purpose of the Amendment

    The current parties to the Symbology Plan are BOX Options Exchange, 
LLC (``BOX''), Nasdaq BX, Inc. (``BX''), Cboe BZX Exchange, Inc. 
(``CboeBZX''), Cboe EDGA Exchange, Inc. (``CboeEDGA''), Cboe EDGX 
Exchange, Inc. (``CboeEDGX''), Cboe Exchange, Inc. (``Cboe''), CHX, 
FINRA, Investors Exchange, LLC (``IEX''), Miami International 
Securities Exchange, LLC (``MIAX''), Nasdaq ISE, LLC (``ISE''), Nasdaq, 
New York Stock Exchange LLC (``NYSE''), NYSE American LLC (``NYSE 
American''), NYSE National, NYSE Arca, Inc. (``NYSE Arca''), Phlx, 
Long-Term Stock Exchange (``LTSE''), and MEMX LLC (``MEMX'').\4\ The 
proposed amendment to the Symbology Plan would add MEMX as a party to 
the Symbology Plan. A self-regulatory organization (``SRO'') may become 
a party to the Symbology Plan if it satisfies the requirements of 
Section I(c) of the Plan. Specifically, an SRO may become a party to 
the Symbology Plan if: (i) It maintains a market for the listing or 
trading of Plan Securities \5\ in accordance with rules approved by the 
Commission; (ii) it signs a current copy of the Plan; and (iii) it pays 
to the other parties a proportionate share of the aggregate development 
costs, based upon the number of symbols reserved by the new party 
during the first twelve (12) months of such party's membership.\6\
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    \4\ On November 18, 2008, ISE filed with the Commission an 
amendment to the Plan to add ISE as a member to the Plan. See 
Securities and Exchange Act Release No. 59024 (November 26, 2008), 
73 FR 74538 (December 8, 2008) (File No. 4-533). On December 22, 
2008, NYSE, NYSE Arca, and NYSE Alternext (n/k/a NYSE American) 
(``NYSE Group Exchanges''), and Cboe filed with the Commission 
amendments to the Plan to add the NYSE Group Exchanges and Cboe as 
members to the Plan. See Securities Exchange Act Release No. 59162 
(December 24, 2008), 74 FR 132 (January 2, 2009) (File No. 4-533). 
On December 24, 2008, BSE (n/k/a BX) filed with the Commission an 
amendment to the Plan to add BSE as a member to the Plan. See 
Securities Exchange Act Release No. 59187 (December 30, 2008), 74 FR 
729 (January 7, 2009) (File No. 4-533). On September 30, 2009, BATS 
(n/k/a CboeBZX) filed with the Commission an amendment to the Plan 
to add BATS as a member to the Plan. See Securities Exchange Act 
Release No. 60856 (October 21, 2009), 74 FR 55276 (October 27, 2009) 
(File No. 4-533). On July 7, 2010, EDGA (n/k/a CboeEDGA) and EDGX 
(n/k/a CboeEDGX) filed with the Commission an amendment to the Plan 
to add EDGA and EDGX, each as a party to the Symbology Plan. See 
Securities Exchange Act Release No. 62573 (July 26, 2010), 75 FR 
45682 (August 3, 2010) (File No. 4-533). On May 7, 2012, BOX filed 
with the Commission an amendment to the Plan to add BOX as a member 
to the Plan. See Securities and Exchange Act Release No. 66957 (May 
10, 2012), 77 FR 28904 (May 16, 2012). On November 4, 2016, IEX 
filed with the Commission an amendment to the Plan to add IEX as a 
member to the Plan. See Securities Exchange Act Release No. 79422 
(November 29, 2016), 81 FR 87645 (December 5, 2016). On February 26, 
2018, MIAX filed with the Commission an amendment to the Plan to add 
MIAX as a member to the Plan. See Securities Exchange Act Release 
No. 82885 (March 15, 2018), 83 FR 12430 (March 21, 2018). On October 
17, 2019, LTSE filed with the Commission an amendment to the Plan to 
add LTSE as a member to the Plan. See Securities Exchange Act 
Release No. 87597 (November 22, 2019), 84 FR 65448 (November 27, 
2019). On July 6, 2020, MEMX filed with the Commission and amendment 
to the Plan to add MEMX as a member to the Plan. See Securities 
Exchange Act Release No. 89419 (July 29, 2020), 85 FR 46767 (August 
3, 2020).
    \5\ ``Plan Securities'' are defined in the Symbology Plan as 
securities that: (i) Are NMS securities as currently defined in Rule 
600(a)(46) under the Act; and (ii) any other equity securities 
quoted, traded and/or trade reported through an SRO facility.
    \6\ Sections I(c) and V(a) of the Plan.
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    MIAX PEARL has submitted a signed copy of the Symbology Plan to the 
Commission in accordance with the requirement set forth in the 
Symbology Plan regarding new parties to the plan. Additionally, MIAX 
PEARL has represented that it maintains a market for the listing or 
trading of Plan Securities. Finally, MIAX PEARL has agreed to pay all 
costs required by MIAX PEARL pursuant to the Symbology Plan, including 
its proportionate share of the aggregate development costs previously 
paid by the other parties to the Processor.

II. Effectiveness of the Proposed Symbology Plan Amendment

    The foregoing proposed Symbology Plan amendment has become 
effective pursuant to Rule 608(b)(3)(iii) \7\ because it involves 
solely technical or ministerial matters. At any time within sixty days 
of the filing of the amendment, the Commission may summarily abrogate 
the amendment and require that it be refiled pursuant to paragraph 
(b)(1) of Rule 608,\8\ if it appears to the Commission that such action 
is necessary or appropriate in the public interest, for the protection 
of investors or the maintenance of fair and orderly markets, to remove 
impediments to, and perfect the mechanisms of, a national market system 
or otherwise in furtherance of the purposes of the Act.
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    \7\ 17 CFR 242.608(b)(3)(iii).
    \8\ 17 CFR 242.608(b)(1).
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III. Solicitation of Comments

    Interested persons are invited to submit written data, views, and 
arguments concerning the foregoing, including whether the Amendment 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 4-533 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 4-533. This file number 
should be included on the subject line if email is used. To help the 
Commission

[[Page 63314]]

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 Plan that are filed with the Commission, and all written 
communications relating to the Plan 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 20549-1090 on official business days 
between the hours of 10:00 a.m. and 3:00 p.m. Copies of such filing 
also will be available for inspection and copying at the principal 
offices of the Exchanges. 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 4-533, and should 
be submitted on or before October 28, 2020.

    By the Commission.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020-22121 Filed 10-6-20; 8:45 am]
BILLING CODE 8011-01-P