Voglio sapere a riguardo di…

jbell on DSKJLSW7X2PROD with NOTICES

43700

Federal Register / Vol. 86, No. 151 / Tuesday, August 10, 2021 / Notices
a minimum of $1 billion in repurchase agreements, bank loans or securities loans outstanding. Therefore, the Commission believes that the proposed Form SLS is reasonably designed to apply only to those broker-dealers that have the highest potential to adversely affect investors and the public interest in a liquidity stress event.
Finally, the Commission believes that FINRA has reasonably addressed the concerns raised by SIFMAs comment letter. Specifically, the Commission agrees that the SLS would serve an important regulatory purpose by providing FINRA and the Commission with information useful in evaluating a member firms liquidity risk profile.
While the Commission recognizes that there is the potential for burdens on certain member firms that are subject to the regulatory reporting requirements of other regulators, the Commission believes that the important regulatory purpose served by the SLS justifies the potential burdens. The Commission believes that absent the SLS, FINRA and the Commission would be required to request the information supplied in the SLS repeatedly and on a firm-by-firm basis in order to obtain the information necessary to monitor member firms for potential liquidity concerns. Such an approach would not only create regulatory inefficiency, but could also result in similar or potentially larger costs for firms, as FINRA noted.
Moreover, in light of the prior outreach that FINRA has conducted including publishing an earlier version of SLS in January 2018 and revising it in response to feedback from industry participants,19 the Commission believes that FINRAs proposed approach to revisit the reporting categories in the SLS with a view to potential alignments of such categories with other reporting requirements depending on how they evolve would have the effect of further minimizing the regulatory burdens on member firms subject to the SLS.
Consequently, the Commission believes that FINRA has appropriately addressed concerns raised in the comment letter concerning reducing the reporting costs imposed by the SLS.
Finally, the Commission agrees with FINRA that it is not appropriate to delay implementation of the SLS beyond the timeframe set forth in the Notice.
Because FINRA previously published a version of the SLS in 2018, and will announce an effective date that will be 180 days following the publication of a Regulatory Notice published no later 19 See Regulatory Notice 1802 January 2018
Liquidity Reporting and Notification. See also Notice, 86 FR at 27006.

VerDate Sep<11>2014

17:05 Aug 09, 2021

Jkt 253001

than 30 days after Commission approval, the Commission believes that member firms will have sufficient time to prepare to implement the SLS.
Furthermore, in light of recent events connected to market volatility, which were discussed in the Notice,20 the Commission believes that further delaying implementation of the SLS will undermine the regulatory interest that the Commission and FINRA have in monitoring member firms liquidity risk profiles.
V. Conclusion It is therefore ordered, pursuant to Section 19b2 of the Act,21 that the proposed rule change SRFINRA
2021009 be, and hereby is, approved.
For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.22
J. Matthew DeLesDernier, Assistant Secretary.
FR Doc. 202116965 Filed 8921; 8:45 am BILLING CODE 801101P

SECURITIES AND EXCHANGE
COMMISSION
Release No. 3492559; File No. SR
NYSEAMER202134

Self-Regulatory Organizations; NYSE
American LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the NYSE
American Options Fee Schedule August 4, 2021.

Pursuant to Section 19b1 1 of the Securities Exchange Act of 1934 the Act 2 and Rule 19b4 thereunder,3
notice is hereby given that, on July 28, 2021, NYSE American LLC NYSE
American or the Exchange filed with the Securities and Exchange Commission the Commission the proposed rule change as described in Items I, II, and III below, which Items have been prepared by the selfregulatory 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 amend the NYSE American Options Fee Schedule Fee Schedule. The Exchange 20 See
Notice, 86 FR at 27005.
U.S.C. 78sb2.
22 17 CFR 200.303a12.
1 15 U.S.C. 78sb1.
2 15 U.S.C. 78a.
3 17 CFR 240.19b4.
21 15

PO 00000

Frm 00077

Fmt 4703

Sfmt 4703

proposes to implement the fee change effective July 28, 2021. 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 purpose of this filing is to amend the Fee Schedule to remove language associated with fee waivers that expired at the close of business on June 30, 2021.
On March 18, 2020, the Exchange announced that it would temporarily close the Trading Floor, effective Monday, March 23, 2020, as a precautionary measure to prevent the potential spread of COVID19.
Following the temporary closure of the Trading Floor, the Exchange waived certain Floor-based fixed fees for April, May, and June 2020.4 Although the Trading Floor partially reopened on May 26, 2020 and Floor-based open outcry activity was supported, certain participants were unable to resume preFloor closure levels of operations. As a result, the Exchange extended the fee waiver through June 2021, but only for Floor Broker firms that were unable to operate at more than 50% of their March 2020 on-Floor staffing levels and for Market Maker firms that had vacant or unmanned Podia for the entire month 4 See Securities Exchange Act Release Nos. 88595
April 8, 2020, 85 FR 20737 April 14, 2020 SR
NYSEAMER202025 waiving Floor-based fixed fees; 88840 May 8, 2020, 85 FR 28992 May 14, 2020 SRNYSEAMER202037 extending April 2020 fee changes through May 2020; and 89049
June 11, 2020, 85 FR 36649 June 17, 2020 SR
NYSEAMER202044 extending April and May fee changes through June 2020.

E:FRFM10AUN1.SGM

10AUN1