Voglio sapere a riguardo di…

60726

Federal Register / Vol. 86, No. 210 / Wednesday, November 3, 2021 / Notices
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 Exchange Rule 501, Days and Hours of Business, Interpretation and Policy .02, to make Juneteenth National Independence Day a holiday of the Exchange. On June 17, 2021, Juneteenth National Independence Day was designated a legal public holiday.3
Consistent with broad industry sentiment 4 and the approach recommended by the Securities Industry and Financial Markets Association SIFMA,5 the Exchange proposes to add Juneteenth National Independence Day to the existing list of holidays in Exchange Rule 501, Interpretation and Policy .02. As a result, the Exchange will not be open for business on Juneteenth National Independence Day, which falls on June 19 of each year. In accordance with Exchange Rule 501, Interpretation and Policy .02, when the holiday falls on a Saturday, the Exchange will not be open for business on the preceding Friday, and when it falls on a Sunday, the Exchange will not be open for business on the succeeding Monday.6
The first sentence of Interpretation and Policy .02 would read as follows proposed additions italicized:
The Board of Directors has determined that the Exchange will not be open for business on New Years Day, Martin Luther King, Jr.
Day, Presidents Day, Good Friday, Memorial Day, Juneteenth National Independence Day, Independence Day, Labor Day, Thanksgiving Day or Christmas Day.
3 Public
Law 11717.
e.g., https www.bloomberg.com/news/
articles/2021-06-18/bofa-makes-juneteenth-aholiday-joining-jpmorgan-wells-fargo?sref=
HhuelscO.
5 SIFMA recommends a full market close in observance of Juneteenth National Independence Day. See https www.sifma.org/resources/general/
holiday-schedule/. See also https www.sifma.org/
resources/news/sifma-revises-2022-fixed-incomemarket-close-recommendations-in-the-u-s-toinclude-full-close-for-juneteenth-nationalindependence-day/.
6 Exchange Rule 501. There is an exception to the practice if unusual business conditions exist. Id.

2. Statutory Basis The Exchange believes that its proposed rule change is consistent with Section 6b of the Act 7 in general, and furthers the objectives of Section 6b5
of the Act 8 in particular, in that it is designed to prevent fraudulent and manipulative acts and practices, to promote just and equitable principles of trade, to foster cooperation and coordination with persons engaged in regulating, clearing, settling, processing information with respect to, and facilitating transactions in securities, to remove impediments to and perfect the mechanisms of a free and open market and a national market system and, in general, to protect investors and the public interest.
The Exchange believes the proposed change promotes just and equitable principles of trade and removes impediment to and perfects the mechanism of a free and open market and a national market system because the proposed rule change would clearly state that the Exchange will not be open for business on Juneteenth National Independence Day, which is a federal holiday, and would address what day would be taken off if June 19 fell on a Saturday or Sunday. The change would thereby promote clarity and transparency in the Exchanges Rules by updating the list of holidays of the Exchange. The proposed rule change was based on recent proposals by NYSE
Arca, Inc., New York Stock Exchange LLC, NYSE American LLC, NYSE
Chicago, Inc., and NYSE National, Inc.9
Therefore, the proposed change does not raise any new or novel issues. For these reasons, the Exchange believes that the proposal is consistent with the Act.
B. Self-Regulatory Organizations Statement on Burden on Competition In accordance with Section 6b8 of the Act,10 the Exchange believes that the proposed rule change will not impose any burden on competition that is not necessary or appropriate in furtherance of the purposes of the Act. The proposed change is not designed to address any competitive issue but rather
khammond on DSKJM1Z7X2PROD with NOTICES

4 See,
VerDate Sep<11>2014

17:01 Nov 02, 2021

Jkt 256001

U.S.C. 78fb.
U.S.C. 78fb5.
9 See Securities Exchange Act Release Nos. 93186
September 30, 2021, 86 FR 55041 October 5, 2021 SRNYSEArca202185; 93183 September 30, 2021, 86 FR 55068 October 5, 2021 SR
NYSE202156; 93187 September 30, 2021, 86
FR 55069 October 5, 2021 SRNYSEAmer2021
39; 93182 September 30, 2021, 86 FR 55083
October 5, 2021 SRNYSECHX202113; 93179
sic September 30, 2021, 86 FR 55033 October 5, 2021 SRNYSENAT202118.
10 15 U.S.C. 78fb8.

to amend the Exchange Rule regarding days and hours of business.
C. Self-Regulatory Organizations Statement on Comments on the Proposed Rule Change Received From Members, Participants, or Others Written comments were neither solicited nor received.
III. Date of Effectiveness of the Proposed Rule Change and Timing for Commission Action Because the foregoing proposed rule change does not: i Significantly affect the protection of investors or the public interest; ii impose any significant burden on competition; and iii become operative for 30 days from the date on which it was filed, or such shorter time as the Commission may designate, it has become effective pursuant to Section 19b3A of the Act 11 and Rule 19b 4f6iii thereunder.12
A proposed rule change filed under Rule 19b4f6 13 normally does not become operative prior to 30 days after the date of the filing. However, pursuant to Rule 19b4f6iii,14 the Commission may designate a shorter time if such action is consistent with the protection of investors and the public interest. The Exchange has requested that the Commission waive the 30-day operative delay so that the proposal may become operative prior to 30 days after the date of the filing. The Exchange states that waiver of the operative delay would be consistent with the protection of investors and the public interest because the proposed rule change, as described above, would state that the Exchange will not be open for business on Juneteenth National Independence Day, which is a federal holiday, and would address what day would be taken off if June 19 fell on a Saturday or Sunday. The Exchange further states that the proposed change does not raise any new or novel issues. For these reasons, the Commission believes that waiver of the 30-day operative delay is consistent with the protection of investors and the public interest.
Accordingly, the Commission hereby waives the operative delay and
7 15
8 15

PO 00000

Frm 00114

Fmt 4703

Sfmt 4703

11 15

U.S.C. 78sb3A.
CFR 240.19b4f6. In addition, Rule 19b 4f6iii requires a self-regulatory organization to give the Commission written notice of its intent to file the proposed rule change, along with a brief description and text of the proposed rule change, at least five business days prior to the date of filing of the proposed rule change, or such shorter time as designated by the Commission. The Exchange has satisfied this requirement.
13 17 CFR 240.19b4f6.
14 17 CFR 240.19b4f6iii.
12 17

E:FRFM03NON1.SGM

03NON1