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Federal Register / Vol. 86, No. 128 / Thursday, July 8, 2021 / Notices Dated: July 2, 2021.
J. Matthew DeLesDernier, Assistant Secretary.
FR Doc. 202114579 Filed 7721; 8:45 am BILLING CODE 801101P

SECURITIES AND EXCHANGE
COMMISSION
Release No. 3492308; File No. SRNYSE
202137

Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Reformat the Section of the NYSE Price List Setting Forth Credits Applicable to Supplemental Liquidity Providers July 1, 2021.

Pursuant to Section 19b1 1 of the Securities Exchange Act of 1934
Act 2 and Rule 19b4 thereunder,3
notice is hereby given that, on June 21, 2021, New York Stock Exchange LLC
NYSE or Exchange filed with the Securities and Exchange Commission Commission the proposed rule change as described in Items I, II, and III below, which Items have been prepared by the self-regulatory organization. The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons.
I. Self-Regulatory Organizations Statement of the Terms of Substance of the Proposed Rule Change The Exchange proposes to reformat the section of the NYSE Price List
setting forth Credits Applicable to Supplemental Liquidity Providers SLPs without any substantive changes. The Exchange proposes to implement the fee changes effective immediately. The proposed rule change is available on the Exchanges website at www.nyse.com, at the principal office of the Exchange, and at the Commissions Public Reference Room.
II. Self-Regulatory Organizations Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change In its filing with the Commission, the self-regulatory organization included statements concerning the purpose of, and basis for, the proposed rule change and discussed any comments it received on the proposed rule change. The text of those statements may be examined at the places specified in Item IV below.
The Exchange has prepared summaries, set forth in sections A, B, and C below, of the most significant parts of such statements.
A. Self-Regulatory Organizations Statement of the Purpose of, and the Statutory Basis for, the Proposed Rule Change 1. Purpose The Exchange proposes to reformat the section of the NYSE Price List setting forth Credits Applicable to SLPs without any substantive changes. The Exchange proposes to implement the fee changes effective immediately.
The Exchange proposes the following non-substantive changes to reorganize and enhance the presentation in the
Price List in order to add clarity and transparency, thereby making the Price List easier to navigate.
First, the Exchange would delete the current presentation of the SLP rates and requirements except for the basic rate, which would remain unchanged.
The Exchange would also delete footnotes , 8 and + that, as discussed below, would be relocated to new section marked General. Footnote 8
would be marked Reserved to preserve the current footnote numbering in the Price List. Footnotes 9 and 10, which do not appear in the current SLP
section of the Price List, would remain unchanged.
Second, the Exchange proposes a table presentation of the current SLP
rates and requirements. The proposed changes would appear in the Price List in two tables. The first table would appear under the new heading SLP
Adding Tiers and the phrase For SLP
symbols that meet the 10% average quoting requirement in an assigned security pursuant to Rule 107B, other than MPL Orders, in securities with a per share price of $1.00 or more: from the current Price List. The table would summarize the current rates and requirements for SLP Tiers for Adding Liquidity SLP Step Up, SLP Tier 5, SLP
Tier 4, SLP Tier 3, SLP Tier 2, SLP Tier 1A and SLP Tier sic and set forth the requirements and the tiered display credits and non-tiered display credits.
The requirements and credits are unchanged. The proposed changes would appear as follows in the Price List:

Minimum requirements Tier for adding liquidity
SLP adding ADV % Tape A CADV

SLP Step Up

0.085% over April 2018 Baseline
$0.0018

$0.0001

SLP Tier 5

0.65% and 0.85% including Non SLP and 250,000 ADV in Retail Price Improvement Orders
0.00310

0.00120

0.0029

0.00105

SLP Tier 4

First 2 calendar months as an SLP OR

I

0.03% and averaging less than 0.01% in each of the prior 3 months.

Tiered non display credit
SLP Tier 3

0.20%

0.0023

0.0006

SLP Tier 2

0.45%

0.0026

0.0009

SLP Tier 1A

0.60%

0.00275

0.00105

0.0029

0.0012

SLP Tier 1
lotter on DSK11XQN23PROD with NOTICES1

Tiered display credit
0.90%

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0.75% if qualifying for SLP Cross Tape Incentive Tier 1.

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