Document ID: SEC-2020-1317-0001
Agency: sec
Document Type: Notice
Title: Self-Regulatory Organizations; Proposed Rule Changes: New York Stock Exchange, LLC, NYSE Chicago, Inc., NYSE American, LLC, NYSE Arca, Inc., and NYSE National, Inc.
Posted Date: 2020-08-18T04:00Z

[Federal Register Volume 85, Number 160 (Tuesday, August 18, 2020)]
[Notices]
[Page 50861]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-17964]

[[Page 50861]]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-89531; File Nos. SR-NYSE-2020-11, SR-NYSEAMER-2020-10, 
SR-NYSEArca-2020-15, SR-NYSECHX-2020-05, SR-NYSENAT-2020-08]

Self-Regulatory Organizations; New York Stock Exchange LLC, NYSE 
Chicago, Inc., NYSE American LLC, NYSE Arca, Inc., and NYSE National, 
Inc.; Notice of Designation of a Longer Period for Commission Action on 
Proceedings To Determine Whether To Approve or Disapprove Proposed Rule 
Changes, as Modified by Amendment No. 1, To Amend the Schedule of 
Wireless Connectivity Fees and Charges To Add Wireless Connectivity 
Services

August 12, 2020.
    On February 11, 2020, New York Stock Exchange LLC, NYSE Chicago, 
Inc., NYSE Arca, Inc., and NYSE National, Inc. each 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 amend the 
schedule of Wireless Connectivity Fees and Charges to add wireless 
connectivity services that transport the market data of the Exchanges. 
NYSE American LLC filed with the Commission a substantively identical 
filing on February 12, 2020.\3\ The proposed rule changes were 
published for comment in the Federal Register on February 25, 2020.\4\ 
On April 1, 2020, pursuant to Section 19(b)(2) of the Act,\5\ the 
Commission designated a longer period within which to either approve 
the proposed rule changes, disapprove the proposed rule changes, or 
institute proceedings to determine whether to approve or disapprove the 
proposed rule changes.\6\ On May 18, 2020, the Commission instituted 
proceedings to determine whether to approve or disapprove the proposed 
rule changes.\7\ On July 27, 2020, the Exchanges each filed Amendment 
No. 1 to the proposed rule changes. Notice of Amendment No. 1 to the 
proposed rule changes was published for comment in the Federal Register 
on August 7, 2020.\8\ The Commission has received comment letters on 
the proposed rule changes, as modified by Amendment No. 1.\9\
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ New York Stock Exchange LLC, NYSE Chicago, Inc., NYSE 
American LLC, NYSE Arca, Inc., and NYSE National, Inc. are 
collectively referred to herein as the ``Exchanges.''
    \4\ See Securities Exchange Act Release Nos. 88237 (February 19, 
2020), 85 FR 10752 (February 25, 2020) (SR-NYSE-2020-11); 88238 
(February 19, 2020), 85 FR 10776 (February 25, 2020) (SR-NYSEAMER-
2020-10); 88239 (February 19, 2020), 85 FR 10786 (February 25, 2020) 
(SR-NYSEArca-2020-15); 88240 (February 19, 2020), 85 FR 10795 
(February 25, 2020) (SR-NYSECHX-2020-05); and 88241 (February 19, 
2020), 85 FR 10738 (February 25, 2020) (SR-NYSENAT-2020-08) 
(collectively, the ``Notices'').
    \5\ 15 U.S.C. 78s(b)(2).
    \6\ See Securities Exchange Act Release No. 88540 (April 1, 
2020), 85 FR 19562 (April 7, 2020). The Commission designated May 
25, 2020, as the date by which it should approve, disapprove, or 
institute proceedings to determine whether to approve or disapprove 
the proposed rule changes.
    \7\ See Securities Exchange Act Release No. 88901 (May 18, 
2020), 85 FR 31273 (May 22, 2020).
    \8\ See Securities Exchange Act Release Nos. 89458 (August 3, 
2020), 85 FR 48045 (August 7, 2020) (SR-NYSE-2020-11); 89459 (August 
3, 2020), 85 FR 48052 (August 7, 2020) (SR-NYSEAMER-2020-10); 89460 
(August 3, 2020), 85 FR 48017 (August 7, 2020) (SR-NYSEArca-2020-
15); 89461 (August 3, 2020), 85 FR 48039 (August 7, 2020) (SR-
NYSECHX-2020-05); and 89462 (August 3, 2020), 85 FR 48008 (August 7, 
2020) (SR-NYSENAT-2020-08).
    \9\ Comments received on the proposed rule changes, as modified 
by Amendment No. 1, are available on the Commission's website at: 
https://www.sec.gov/comments/sr-nyse-2020-11/srnyse202011.htm.
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    Section 19(b)(2) of the Act \10\ provides that, after initiating 
proceedings, the Commission shall issue an order approving or 
disapproving the proposed rule change not later than 180 days after the 
date of publication of notice of filing of the proposed rule change. 
The Commission may extend the period for issuing an order approving or 
disapproving the proposed rule change, however, by not more than 60 
days if the Commission determines that a longer period is appropriate 
and publishes the reasons for such determination. The proposed rule 
changes were published for notice and comment in the Federal Register 
on February 25, 2020.\11\ August 23, 2020 is 180 days from that date, 
and October 22, 2020 is 240 days from that date.
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    \10\ 15 U.S.C. 78s(b)(2).
    \11\ See Notices, supra note 4.
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    The Commission finds it appropriate to designate a longer period 
within which to issue an order approving or disapproving the proposed 
rule changes, as modified by Amendment No. 1, so that it has sufficient 
time to consider the proposed rule changes, as modified by Amendment 
No. 1, the issues raised in the comment letters that have been 
submitted in connection therewith, and the Exchanges' responses to 
comments. Accordingly, the Commission, pursuant to Section 19(b)(2) of 
the Act,\12\ designates October 22, 2020 as the date by which the 
Commission should either approve or disapprove the proposed rule 
changes (File Nos. SR-NYSE-2020-11, SR-NYSEAMER-2020-10, SR-NYSEArca-
2020-15, SR-NYSECHX-2020-05, SR-NYSENAT-2020-08), as modified by 
Amendment No. 1.
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    \12\ 15 U.S.C. 78s(b)(2).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\13\
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    \13\ 17 CFR 200.30-3(a)(31).
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J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020-17964 Filed 8-17-20; 8:45 am]
BILLING CODE 8011-01-P