Federal Register - September 2, 2021
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Source: Federal Register
Federal Register / Vol. 86, No. 168 / Thursday, September 2, 2021 / Notices Commission finds that the proposed changes to Form CMA conform to the recently amended MAP rules.37 The Commission therefore finds that the proposed rule change is consistent with the goals set forth by the Commission when it approved amendments to the MAP rules as described in File No. SR
FINRA2020011, which become effective on September 1, 2021.38 The Commission finds that waiving the 30day operative delay would facilitate firm compliance with the amended MAP rules on the date they become effective.39 Therefore, the Commission believes it is consistent with the protection of investors and the public interest to waive the 30-day operative delay requirement. Therefore the Commission designates the proposed rule change as operative on September 1, 2021.
At any time within 60 days of the filing of the proposed rule change, the Commission summarily may temporarily suspend such rule change if it appears to the Commission that such action is necessary or appropriate in the public interest, for the protection of investors, or otherwise in furtherance of the purposes of the Act. If the Commission takes such action, the Commission shall institute proceedings to determine whether the proposed rule should be approved or disapproved.
IV. Solicitation of Comments Interested persons are invited to submit written data, views and arguments concerning the foregoing, including whether the proposed rule change is consistent with the Act.
Comments may be submitted by any of the following methods:
lotter on DSK11XQN23PROD with NOTICES1
Electronic Comments Use the Commissions internet comment form http www.sec.gov/
rules/sro.shtml; or Send an email to rulecomments@sec.gov. Please include File Number SRFINRA2021020 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 Number SRFINRA2021020. This file number should be included on the subject line if email is used. To help the 37 See
supra note 5.
38 Id.
39 Similarly, the Commission finds that the nonsubstantive and technical changes to Form CMA are consistent with the protection of investors and the public interest.
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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
a.m. and 3 p.m. Copies of such filing also will be available for inspection and copying at the principal office of FINRA. 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 SRFINRA2021020 and should be submitted on or before August 23, 2021.
to Section 19b1 of the Securities Exchange Act of 1934 Exchange Act or Act,1 and Rule 19b4 thereunder,2
a proposed rule change File Number SRPEARL202132 to amend the MIAX Pearl Options Fee Schedule Fee Schedule to remove certain credits and increase monthly Trading Permit fees for Exchange Members.3 The proposed rule change was immediately effective upon filing with the Commission pursuant to Section 19b3A of the Act.4 The proposed rule change was published for comment in the Federal Register on July 15, 2021.5 The Commission has received no comment letters on the proposed rule change. Under Section 19b3C of the Act,6 the Commission is hereby: i Temporarily suspending File Number SRPEARL202132; and ii instituting proceedings to determine whether to approve or disapprove File Number SR
PEARL202132.
For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.40
Vanessa A. Countryman, Secretary.
Remove Monthly Volume Credit
FR Doc. 202118945 Filed 9121; 8:45 am BILLING CODE 801101P
SECURITIES AND EXCHANGE
COMMISSION
Release No. 3492797; File No. SR
PEARL202132
II. Description of the Proposed Rule Change The Exchange proposes to amend its Fee Schedule to: 1 Delete the definition of and remove the credits applicable to the Monthly Volume Credit for Members; 2 and; 3 amend Section 3b of the Fee Schedule to increase the amount of monthly Trading Permit Fees.
The Exchange proposes to amend the Definitions section of its Fee Schedule to delete the definition of Monthly Volume Credit and remove the credits applicable to the Monthly Volume Credit for Members.7 The Exchange states that the Monthly Volume Credit was established in 2018 to encourage Members to send increased Priority 1 15
U.S.C. 78sb1.
CFR 240.19b4.
3 The term Trading Permit means a permit issued by the Exchange that confers the ability to transact on the Exchange. See Notice, infra note 5, at 37379. The term 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 id.
4 15 U.S.C. 78sb3A. A proposed rule change may take effect upon filing with the Commission if it is designated by the exchange as establishing or changing a due, fee, or other charge imposed by the self-regulatory organization on any person, whether or not the person is a member of the self-regulatory organization. 15 U.S.C. 78sb3Aii.
5 See Securities Exchange Act Release No. 92366
July 9, 2021, 86 FR 37379 Notice.
6 15 U.S.C. 78sb3C.
7 See Notice, supra note 5, at 3737980.
2 17
Self-Regulatory Organizations; MIAX
PEARL, LLC; Suspension of and Order Instituting Proceedings To Determine Whether To Approve or Disapprove Proposed Rule Changes To Amend the MIAX Pearl Options Fee Schedule To Remove Certain Credits and Increase Trading Permit Fees August 27, 2021.
I. Introduction On July 1, 2021, MIAX PEARL, LLC
MIAX Pearl or Exchange filed with the Securities and Exchange Commission Commission, pursuant 40 17
PO 00000
CFR 200.303a12.
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