Federal Register - February 9, 2021

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Federal Register / Vol. 86, No. 25 / Tuesday, February 9, 2021 / Notices ESTIMATE OF ANNUAL RESPONDENT BURDENContinued Annual responses
Form No.

Burden hours
G315A
G315A.1

20
20

3
2

1
1

Total

900

217

Additional Information or Comments:
To request more information or to obtain a copy of the information collection justification, forms, and/or supporting material, contact Kennisha Tucker at 312 4692591 or Kennisha.Tucker@rrb.gov. Comments regarding the information collection should be addressed to Brian Foster, Railroad Retirement Board, 844 North Rush Street, Chicago, Illinois 60611
1275 or emailed to Brian.Foster@rrb.gov.
Written comments should be received within 60 days of this notice.
Brian D. Foster, Clearance Officer.
FR Doc. 202102664 Filed 2821; 8:45 am BILLING CODE 790501P

SECURITIES AND EXCHANGE
COMMISSION
Release No. 3491054; File No. SRLTSE
202022

Self-Regulatory Organizations; LongTerm Stock Exchange, Inc.; Notice of Filing of Amendment No. 1 and Order Granting Accelerated Approval of a Proposed Rule Change, as Modified by Amendment No. 1, To Adopt Rule 14.602 Related to Promotional Services and Listing Ceremonies for Listed Companies February 3, 2021.

2020.3 On January 22, 2021, the Exchange filed Amendment No. 1 to the proposed rule change, which replaced and superseded the proposed rule change in its entirety.4 The Commission has received no comments on the proposed rule change. This order provides notice of the filing of Amendment No. 1 to the proposed rule change, and grants approval to the proposed rule change, as modified by Amendment No. 1, on an accelerated basis.
II. Description of the Proposed Rule Change, as Modified by Amendment No. 1
The Exchange proposes to adopt Rule 14.602 to provide for promotional services and listing ceremonies that will be offered by the Exchange in connection with a Companys 5 approval for listing on the Exchange.6
Proposed LTSE Rule 14.602 states that in connection with a Companys approval for listing, the Exchange offers promotional services including press releases, articles, videos, and podcasts and invites the Company to participate in listing ceremonies.7 According to the Exchange, the promotional services would be tailored to meet the needs of the Company, and would allow the Company access to media services that would support the creation of press releases, articles, videos, and podcasts featuring the Company and its personnel.8 These promotional services
I. Introduction
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On December 10, 2020, Long-Term Stock Exchange, Inc. LTSE or Exchange filed with the Securities and Exchange Commission Commission pursuant to Section 19b1 of the Securities Exchange Act of 1934 Act 1 and Rule 19b4
thereunder,2 a proposed rule change to adopt Rule 14.602 to provide for promotional services and listing ceremonies that will be offered by the Exchange in connection with a Companys approval for listing on the Exchange. The proposed rule change was published for comment in the Federal Register on December 28, 1 15
2 17

U.S.C. 78sb1.
CFR 240.19b4.

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3 See Securities Exchange Act Release No. 90731
December 18, 2020, 85 FR 84449 December 28, 2020 Notice.
4 In Amendment No. 1 to the proposed rule change, 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. Amendment No. 1 is available on the Commissions website at https www.sec.gov/
comments/sr-ltse-2020-22/srltse202022-8274519228078.pdf.
5 Company means the issuer of a security listed or applying to list on the Exchange. For purposes of Chapter 14 of the LTSE Rules, the term Company includes an issuer that is not incorporated, such as, for example, a limited partnership. See LTSE Rule 14.002a5.
6 See Notice, supra note 3, at 84449.
7 See id.
8 See id.

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also would include assistance with distributing such content on traditional and social media platforms, including websites operated by the Exchange.9
The Exchange states that a full suite of promotional services will be offered to each Company approved to list on the Exchange, and that some Companies may choose to avail themselves of all promotional services, whereas others may choose only a subset of services or none.10
The Exchange further proposes to establish a listing ceremony to commemorate a Company becoming listed on the Exchange.11 While LTSE is only accepting dual-listings at the present time, the Exchange asserts that the decision of a Company to list on the Exchange and adopt Long-Term Policies consistent with LTSE Rule 14.425 is a significant event for which a listing ceremony would be appropriate.12 According to the Exchange, the listing ceremony would be comparable to ringing a bell by gathering Company and Exchange personnel to celebrate that the Company has listed on the Exchange.13 The Exchange states that because it does not have a trading floor or a market site, it will work with each Company to design and plan a listing ceremony that reflects the Companys values and mission, and that the ceremony may be conducted in person or remotely.14
The Exchange anticipates that it will use an affiliate, LTSE Services, Inc.
LTSE Services, to, among other things, draft marketing content for review by the Exchange and the Company, produce and edit videos and podcasts, and coordinate listing ceremonies, whether done as in-person or remote events.15 LTSE maintains a commercial relationship with LTSE
9 See
id.
id.
11 See id.
12 See id.
13 See id. at 84450.
14 See id. at 8444950. In this regard, the Exchange states that the absence of a trading floor or dedicated market site allows the Exchange to be flexible in providing listing ceremonies that can be more inclusive in terms of the number of Company personnel who may attend and the location of the ceremony. See id. at 84450.
15 See id. at 84450 n.6.
10 See
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Federal Register - February 9, 2021

TitoloFederal Register

PaeseStati Uniti

Data09/02/2021

Conteggio pagine169

Numero di edizioni7798

Prima edizione14/03/1936

Ultima edizione18/06/2026

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