Document ID: SEC-2020-0820-0002
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 50849]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-17965]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-89532; File Nos. SR-NYSE-2020-05, SR-NYSEAMER-2020-05, 
SR-NYSEArca-2020-08, SR-NYSECHX-2020-02, SR-NYSENAT-2020-03]

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 Establish a Schedule of 
Wireless Connectivity Fees and Charges With Wireless Connections 
Between the Mahwah, New Jersey Data Center and Other Data Centers

August 12, 2020.
    On January 30, 2020, New York Stock Exchange LLC, NYSE Chicago, 
Inc., NYSE American LLC, NYSE Arca, Inc., and NYSE National, Inc. 
(collectively, the ``Exchanges'') 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 establish a schedule of 
Wireless Connectivity Fees and Charges with wireless connections 
between the Mahwah, New Jersey data center and other data centers. The 
proposed rule changes were published for comment in the Federal 
Register on February 18, 2020.\3\ On April 1, 2020, pursuant to Section 
19(b)(2) of the Act,\4\ 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.\5\ On May 
18, 2020, the Commission instituted proceedings to determine whether to 
approve or disapprove the proposed rule changes.\6\ 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.\7\ The 
Commission has received comment letters on the proposed rule changes, 
as modified by Amendment No. 1.\8\
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ See Securities Exchange Act Release Nos. 88168 (February 11, 
2020), 85 FR 8938 (February 18, 2020) (SR-NYSE-2020-05); 88169 
(February 11, 2020), 85 FR 8946 (February 18, 2020) (SR-NYSEAMER-
2020-05); 88170 (February 11, 2020), 85 FR 8956 (February 18, 2020) 
(SR-NYSEArca-2020-08); 88172 (February 11, 2020), 85 FR 8923 
(February 18, 2020) (SR-NYSECHX-2020-02); and 88171 (February 11, 
2020), 85 FR 8930 (February 18, 2020) (SR-NYSENAT-2020-03) 
(collectively, the ``Notices'').
    \4\ 15 U.S.C. 78s(b)(2).
    \5\ See Securities Exchange Act Release No. 88539 (April 1, 
2020), 85 FR 19553 (April 7, 2020). The Commission designated May 
18, 2020, as the date by which it should approve, disapprove, or 
institute proceedings to determine whether to approve or disapprove 
the proposed rule changes.
    \6\ See Securities Exchange Act Release No. 88901 (May 18, 
2020), 85 FR 31273 (May 22, 2020).
    \7\ See Securities Exchange Act Release Nos. 88168 (August 3, 
2020), 85 FR 47992 (August 7, 2020) (SR-NYSE-2020-05); 89454 (August 
3, 2020), 85 FR 48002 (August 7, 2020) (SR-NYSEAMER-2020-05); 89455 
(August 3, 2020), 85 FR 48035 (August 7, 2020) (SR-NYSEArca-2020-
08); 89456 (August 3, 2020), 85 FR 48024 (August 7, 2020) (SR-
NYSECHX-2020-02); and 89457 (August 3, 2020), 85 FR 47997 (August 7, 
2020) (SR-NYSENAT-2020-03).
    \8\ 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-2020-05/srnyse202005.htm.
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    Section 19(b)(2) of the Act \9\ 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 18, 2020.\10\ August 16, 2020 is 180 days from that date, 
and October 15, 2020 is 240 days from that date.
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    \9\ 15 U.S.C. 78s(b)(2).
    \10\ See Notices, supra note 3.
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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,\11\ designates October 15, 2020 as the date by which the 
Commission should either approve or disapprove the proposed rule 
changes (File Nos. SR-NYSE-2020-05, SR-NYSEAMER-2020-05, SR-NYSEArca-
2020-08, SR-NYSECHX-2020-02, SR-NYSENAT-2020-03), as modified by 
Amendment No. 1.
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    \11\ 15 U.S.C. 78s(b)(2).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\12\
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    \12\ 17 CFR 200.30-3(a)(31).
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J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020-17965 Filed 8-17-20; 8:45 am]
BILLING CODE 8011-01-P