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Federal Register / Vol. 86, No. 25 / Tuesday, February 9, 2021 / Notices
the Exchange,38 and not on an ongoing basis.
Moreover, the Commission notes the Exchanges representations that the proposed promotional services and listing ceremonies will be offered to all listed Companies on the same terms and conditions without differentiation,39
and that the Exchange will offer comparable promotional services and listing ceremonies of comparable value to each listed Company.40 Accordingly, the Commission believes that the proposed rule change, as modified by Amendment No. 1, is consistent with the requirements of the Act and, in particular, that the services are equitably allocated among issuers consistent with Section 6b4 of the Act,41 and the rule does not unfairly discriminate between issuers consistent with Section 6b5 of the Act.42 The Commission also notes that the Exchange has represented that if it expands the menu of promotional services offered, or elects to provide new products or services to listed Companies, the Exchange will incorporate such changes in a new proposed rule change.43
The Commission also believes that the Exchange is responding to competitive pressures in the market for listings in making this proposal. Specifically, the Exchange stated in its proposal that it expects to face competition as a new entrant in the market for exchange listings, and that it believes the promotional services and listing ceremonies that it proposes to offer to listed companies will facilitate LTSEs ability to attract and retain listings.44 In particular, the Exchange maintains that it expects to face significant competition from NYSE and Nasdaq for listings, and that comparable offerings of promotional services and listing ceremonies are already provided by NYSE.45 Accordingly, the Commission believes that the proposed rule reflects the current competitive environment for exchange listings among national securities exchanges, and is appropriate and consistent with Section 6b8 of the Act.46

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38 See
Amendment No. 1, supra note 4, at 6.
Notice, supra note 3, at 84450.
40 See Amendment No. 1, supra note 4, at 7.
41 15 U.S.C. 78fb4.
42 15 U.S.C. 78fb5.
43 See Notice, supra note 3, at 84449 n.4.
44 See id. at 84450.
45 See id. at 84449 n.5; id. at 84450. See also NYSE Listed Company Manual Section 106.03.
46 15 U.S.C. 78fb8.
39 See
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IV. Solicitation of Comments on Amendment No. 1
Interested persons are invited to submit written data, views, and arguments concerning whether Amendment No. 1 is consistent with the Act. Comments may be submitted by any of the following methods:
Electronic Comments Use the Commissions internet comment form http www.sec.gov/
rules/sro.shtml; or Send an email to rule-comments@
sec.gov. Please include File No. SR
LTSE202022 on the subject line.
Paper Comments Send paper comments in triplicate to Secretary, Securities and Exchange Commission, 100 F Street NE, Washington, DC 205491090.
All submissions should refer to File No.
SRLTSE202022. The file numbers 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 Commissions 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 Commissions Public Reference Room, 100 F Street NE, Washington, DC 20549, 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 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 publicly available. All submissions should refer to File No.
SRLTSE202022 and should be submitted on or before March 2, 2021.
V. Accelerated Approval of Proposed Rule Change, as Modified by Amendment No. 1
The Commission finds good cause to approve the proposed rule change, as
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modified by Amendment No. 1, prior to the thirtieth day after the date of publication of notice of the amended proposal in the Federal Register. As discussed above, in Amendment No. 1, the Exchange clarified that: i The proposed promotional services and listing ceremonies will be offered to Companies on or around the time of listing, in connection with listing on the Exchange; and ii that the Exchange will offer comparable promotional services and listing ceremonies of comparable value to each listed Company. The Commission believes that these clarifications will help to ensure that individual listed Companies are not given specially negotiated packages of products and services to list or remain listed, as well as to ensure that the services are equitably allocated among issuers consistent with Section 6b4 of the Act 47 and that the rule does not unfairly discriminate between issuers consistent with Section 6b5 of the Act.48 Accordingly, the Commission finds good cause, pursuant to Section 19b2 of the Act,49 to approve the proposed rule change, as modified by Amendment No. 1, on an accelerated basis.
VI. Conclusion It is therefore ordered, pursuant to Section 19b2 of the Act,50 that the proposed rule change SRLTSE2020
22, as modified by 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.51
J. Matthew DeLesDernier, Assistant Secretary.
FR Doc. 202102592 Filed 2821; 8:45 am BILLING CODE 801101P

SECURITIES AND EXCHANGE
COMMISSION
Release No. 3491053; File No. SRCBOE
2021010

Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Establish a Policy Relating to Billing Errors February 3, 2021.

Pursuant to Section 19b1 of the Securities Exchange Act of 1934 the 47 15

U.S.C. 78fb4.
U.S.C. 78fb5.
49 15 U.S.C. 78sb2.
50 15 U.S.C. 78sb2.
51 17 CFR 200.303a12.
48 15

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