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lotter on DSK11XQN23PROD with NOTICES1

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Federal Register / Vol. 86, No. 132 / Wednesday, July 14, 2021 / Notices
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 SRCBOE2021020, and should be submitted on or before August 4, 2021.

of the Act,30 to approve the proposed rule change, as modified by Amendment No. 1, on an accelerated basis.

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 modified by Amendment No. 1, prior to the 30th day after the date of publication of notice of the filing of Amendment No. 1 in the Federal Register. Amendment No. 1 narrowed the scope of parts of the proposed rule change and also provided additional rationale and support for the proposed rule change. Specifically, in Amendment No. 1, the Exchange: 1
Narrowed the list of index options that could be compressed to include only SPX options and limited the compression service to closing positions only, 2 expanded eligibility from only market makers to all TPHs, 3 added detail to the participation requirements to ensure that the proposed compression service is limited to legitimate compression purposes, 4 added further detail regarding the proposed compression service, and 5 added additional justification for the proposed rule change.
The changes to the proposal and additional information provided in Amendment No. 1 focus the proposal on SPX and closing-only positions, expand eligibility to the compression service, and add necessary detail to the rule text to more fully and clearly reflect the applicable requirements and describe how the compression service will operate. Collectively, these changes, supported by the additional and clarified rationale, better calibrate the proposal to the greatest need for compression and remove potential ambiguity about how the service will work without introducing material new concepts over the original proposal. The changes in Amendment No. 1 assist the Commission in evaluating the Exchanges proposal and in determining that it is consistent with the Act.
Accordingly, the Commission finds good cause, pursuant to Section 19b2

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VI. Conclusion It is therefore ordered, pursuant to Section 19b2 of the Act,31 that the proposed rule change SRCBOE2021
020, 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.32
J. Matthew DeLesDernier, Assistant Secretary.
BILLING CODE 801101P

SECURITIES AND EXCHANGE
COMMISSION
Release No. 3492348; File No. SR
PEARL202128

Self-Regulatory Organizations; MIAX
PEARL, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the MIAX Pearl Options Fee Schedule To Remove References and Fees Associated With the 10Gb Fiber Connection July 8, 2021.

Pursuant to Section 19b1 of the Securities Exchange Act of 1934
Act,1 and Rule 19b4 thereunder,2
notice is hereby given that on June 28, 2021, MIAX PEARL, LLC MIAX Pearl or Exchange filed with the Securities and Exchange Commission Commission a proposed rule change as described in Items I, II, and III below, which Items have been prepared by the Exchange. 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 amend the MIAX Pearl Options Fee Schedule the Fee Schedule to remove text pertaining to 10 gigabit Gb connectivity that will no longer be offered by the Exchange and the corresponding fees for those services.
The text of the proposed rule change is available on the Exchanges website at http www.miaxoptions.com/rulefilings/pearl at MIAX Pearls principal
PO 00000

30 15

U.S.C. 78sb2.

31 Id.
32 17

CFR 200.303a12.
U.S.C. 78sb1.
2 17 CFR 240.19b4.
1 15

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office, 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 Exchange 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 these 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 aspects of such statements.
A. Self-Regulatory Organizations Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change 1. Purpose The Exchange proposes to amend the Fee Schedule to remove references and fees for the 10Gb fiber connection for Members 3 and non-Members. The Exchange will cease offering 10Gb connectivity as of July 1, 2021. The Exchange will continue to offer 10Gb ultra-low latency ULL connectivity.
The Exchange currently offers various bandwidth alternatives for connectivity to the Exchange, including its primary and secondary facilities. These connectivity offerings consist of a 1Gb fiber connection, a 10Gb fiber connection, and a 10Gb ULL fiber connection. The Exchanges MIAX
Express Network Interconnect MENI
can be configured to provide Members and non-Members of the Exchange network connectivity to the trading platforms, market data systems, test systems, and disaster recovery facilities of both the Exchange and its affiliate, Miami International Securities Exchange, LLC MIAX, via a single, shared connection.
On February 4, 2021, the Exchange issued a notice that MIAX Pearl and MIAX would decommission the 10Gb fiber connection in June 2021.4 This 3 Member means an individual or organization that is registered with the Exchange pursuant to Chapter II of Exchange Rules for purposes of trading on the Exchange as an Electronic Exchange Member or Market Maker. Members are deemed members under the Exchange Act. See Exchange Rule 100.
4 See https www.miaxoptions.com/alerts/2021/
02/04/miax-options-and-miax-pearl-optionsdeprecation-10g-ll-infrastructure-and. The Exchanged issued two subsequent alerts on March 4, 2021 and March 29, 2021 reminding market participants of its intent to decommission 10 Gb connectivity in June 2021. See https
www.miaxoptions.com/alerts/2021/03/04/miax-

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