Document ID: SEC-2019-1778-0001
Agency: sec
Document Type: Notice
Title: Filing: Joint Industry Plan
Posted Date: 2019-11-27T05:00Z

[Federal Register Volume 84, Number 229 (Wednesday, November 27, 2019)]
[Notices]
[Pages 65447-65448]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-25802]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-87595; File No. 4-698]

Joint Industry Plan; Notice of Filing and Immediate Effectiveness 
of Amendment to the Plan Governing the Consolidated Audit Trail To Add 
Long-Term Stock Exchange LLC as a Participant

November 22, 2019.
    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 October 18, 2019, Long-Term Stock Exchange LLC (``LTSE'' or 
``Exchange'') filed with the Securities and Exchange Commission 
(``Commission'') an amendment to the Plan Governing the Consolidated 
Audit Trail (``Plan'').\3\ The amendment adds LTSE as a Participant to 
the Plan. The Commission is publishing this notice to solicit comments 
on the amendment from interested persons.
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    \1\ 15 U.S.C. 78k-1(a)(3).
    \2\ 17 CFR 242.608.
    \3\ The Commission approved the CAT NMS Plan on November 16, 
2016. See Securities Exchange Act Release No. 79318, 81 FR 84695 
(November 23, 2016) (order approving the CAT NMS Plan).
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I. Description and Purpose of the Amendment

    The amendment to the CAT NMS Plan adds LTSE as a Participant.\4\ 
The CAT NMS Plan provides that any Person \5\ approved by the 
Commission as

[[Page 65448]]

a national securities exchange or national securities association under 
the Exchange Act may become a Participant by submitting to the Company 
\6\ a completed application in the form provided by the Company.\7\ As 
a condition to admission as a Participant, said Person shall: (i) 
Execute a counterpart of the CAT NMS Plan, at which time Exhibit A 
shall be amended to reflect the status of said Person as a Participant 
(including said Person's address for purposes of notices delivered 
pursuant to the CAT NMS Plan); and (ii) pay a fee to the Company as set 
forth in the Plan (the ``Participation Fee'').\8\ The amendment to the 
Plan reflecting the admission of a new Participant shall be effective 
only when: (x) It is approved by the Commission in accordance with Rule 
608 or otherwise becomes effective pursuant to Rule 608; and (y) the 
prospective Participant pays the Participation Fee.\9\
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    \4\ Defined in Section 1.1 of the Plan as follows: 
``Participant'' means each Person identified as such on Exhibit A 
hereto, and any Person that becomes a Participant as permitted by 
this Agreement, in such Person's capacity as a Participant in the 
Company (it being understood that the Participants shall comprise 
the ``members'' of the Company (as the term ``member'' is defined in 
Section 18-101(11) of the Delaware Act)).
    \5\ Defined in Section 1.1 of the Plan as follows: ``Person'' 
means any individual, partnership, limited liability company, 
corporation, joint venture, trust, business trust, cooperative or 
association and any heirs, executors, administrators, legal 
representatives, successors and assigns of such Person where the 
context so permits.
    \6\ The ``Company'' refers to the limited liability company, 
Consolidated Audit Trail, LLC, which is responsible for conducting 
the activities of the CAT. See Securities Exchange Act Release No. 
87149 (September 27, 2019), 84 FR 52905 (October 3, 2019).
    \7\ See Section 3.3 of the CAT NMS Plan. LTSE was approved as a 
national securities exchange on May 10, 2019. See Securities and 
Exchange Act Release No. 85828, 84 FR 21814 (May 15, 2019).
    \8\ See Section 3.3 of the CAT NMS Plan.
    \9\ Id.
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    LTSE has executed a copy of the current CAT NMS Plan, amended to 
include LTSE in the List of Parties (including the address of LTSE), 
paid the applicable Participation Fee and provided each current Plan 
Participant with a copy of the executed and amended Plan.\10\
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    \10\ See Letter from Howard Steinberg, Chief Regulatory Officer, 
LTSE, dated October 17, 2019, to Vanessa Countryman, Secretary, 
Commission.
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II. Effectiveness of the Proposed Linkage Plan Amendment

    The foregoing Plan amendment has become effective pursuant to Rule 
608(b)(3)(iii) \11\ because it involves solely technical or ministerial 
matters. At any time within sixty days of the filing of this amendment, 
the Commission may summarily abrogate the amendment and require that it 
be refiled pursuant to paragraph (a)(1) of Rule 608,\12\ 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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    \11\ 17 CFR 242.608(b)(3)(iii).
    \12\ 17 CFR 242.608(a)(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 4-698 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 4-698. 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 
20549-1090 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 4-698 and should be submitted 
on or before December 12, 2019.

    By the Commission.
Eduardo A. Aleman,
Deputy Secretary.
[FR Doc. 2019-25802 Filed 11-26-19; 8:45 am]
BILLING CODE 8011-01-P