30 Day Notice

Federal Register / Vol. 85, No. 187 / Friday, September 25, 2020 / Notices
and protects investors and the public
interest, because even with the decrease,
the Exchange’s proposed Simple Maker
rebates for such orders still remain
highly competitive with certain other
options exchanges offering comparable
pricing models, and should enable the
Exchange to continue to attract order
flow and maintain market share.29 The
Exchange believes that the amount of
such fees, as proposed to be decreased,
will continue to encourage those market
participants to send orders to the
Exchange.

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B. Self-Regulatory Organization’s
Statement on Burden on Competition
The Exchange does not believe that
the proposed rule changes will impose
any burden on competition not
necessary or appropriate in furtherance
of the purposes of the Act. The
Exchange believes that the proposed
changes in the specified Simple Maker
rebates for the applicable market
participants should continue to
encourage the provision of liquidity that
enhances the quality of the Exchange’s
market and increases the number of
trading opportunities on the Exchange
for all participants who will be able to
compete for such opportunities. The
proposed rule changes should enable
the Exchange to continue to attract and
compete for order flow with other
exchanges. However, this competition
does not create an undue burden on
competition but rather offers all market
participants the opportunity to receive
the benefit of competitive pricing.
The proposed decreases for certain
Simple Maker rebates are intended to
keep the Exchange’s fees highly
competitive with those of other
exchanges, and to encourage liquidity
and should enable the Exchange to
continue to attract and compete for
order flow with other exchanges. The
Exchange notes that it operates in a
highly competitive market in which
market participants can readily favor
competing venues if they deem fee
levels at a particular venue to be
excessive. In such an environment, the
Exchange must continually adjust its
rebates and fees to remain competitive
with other exchanges and to attract
order flow. The Exchange believes that
the proposed rule changes reflect this
competitive environment because they
modify the Exchange’s fees in a manner
that encourages market participants to
continue to provide liquidity and to
send order flow to the Exchange.

C. Self-Regulatory Organization’s
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
The foregoing rule change has become
effective pursuant to Section
19(b)(3)(A)(ii) of the Act,30 and Rule
19b–4(f)(2) 31 thereunder. 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:
Electronic Comments
• Use the Commission’s internet
comment form (http://www.sec.gov/
rules/sro.shtml); or
• Send an email to rule-comments@
sec.gov. Please include File Number SR–
EMERALD–2020–07 on the subject line.
Paper Comments
• Send paper comments in triplicate
to Secretary, Securities and Exchange
Commission, 100 F Street NE,
Washington, DC 20549–1090.
All submissions should refer to File
Number SR–EMERALD–2020–07. This
file number should be included on the
subject line if email is used. To help the
Commission process and review your
comments more efficiently, please use
only one method. The Commission will
post all comments on the Commission’s
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
30 15

29 See

id.

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U.S.C. 78s(b)(3)(A)(ii).
CFR 240.19b–4(f)(2).

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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 Commission’s Public
Reference Room, 100 F Street NE,
Washington, DC 20549, on official
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 SR–EMERALD–2020–07 and
should be submitted on or before
October 16, 2020.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.32
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020–21141 Filed 9–24–20; 8:45 am]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
[SEC File No. 270–485, OMB Control No.
3235–0547]

Submission for OMB Review;
Comment Request
Extension:
‘‘Investor Form’’

Notice is hereby given that, pursuant
to the Paperwork Reduction Act of 1995
(44 U.S.C. 3501 et seq.), the Securities
and Exchange Commission
(‘‘Commission’’) has submitted to the
Office of Management and Budget
(‘‘OMB’’) a request to approve the
collection of information discussed
below.
Each year the Commission receives
several thousand contacts from
investors who have complaints or
questions on a wide range of
investment-related issues. To make it
easier for the public to contact the
agency electronically, the Commission’s
Office of Investor Education and
Advocacy (‘‘OIEA’’) created an
electronic form (the Investor Form) that
provides drop down options to choose
from in order to categorize the investor’s
complaint or question, and may also
32 17

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CFR 200.30–3(a)(12).

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Federal Register / Vol. 85, No. 187 / Friday, September 25, 2020 / Notices

provide the investor with automated
information about their issue. The
Investor Form asks investors to provide
information concerning, among other
things, their names, how they can be
reached, the names of the individuals or
entities involved, the nature of their
complaint or tip, what documents they
can provide, and what, if any, actions
they have taken. Use of the Investor
Form is voluntary. Absent the forms, the
public still has several ways to contact
the agency, including telephone,
facsimile, letters, and email. Investors
can access the Investor Form through
the consolidated Investor Complaint
and Question web page.
The dual purpose of the Investor
Form is to make it easier for the public
to contact the agency with complaints,
questions, tips, or other feedback and to
streamline the workflow of Commission
staff that record, process, and respond to
investor contacts. Investors who submit
complaints, ask questions, or provide
tips do so voluntarily. Although the
Investor Form provides a structured
format for incoming investor
correspondence, the Commission does
not require that investors use any
particular form or format when
contacting the agency. Investors who
choose not to use the Investor Form will
receive the same level of service as
those who do.
OIEA receives approximately 20,000
contacts each year through the Investor
Form. Investors who choose not to use
the Investor Form receive the same level
of service as those who do. The
Commission uses the information that
investors supply on the Investor Form to
review and process the contact (which
may, in turn, involve responding to
questions, processing complaints, or, as
appropriate, initiating enforcement
investigations), to maintain a record of
contacts, to track the volume of investor
complaints, and to analyze trends.
The staff of the Commission estimates
that the total reporting burden for using
the Investor Form is 5,000 hours. The
calculation of this estimate depends on
the number of investors who use the
forms each year and the estimated time
it takes to complete the forms: 20,000
respondents × 15 minutes = 5,000
burden hours.
Members of the public should be
aware that an agency may not conduct
or sponsor, and a person is not required
to respond to, a collection of
information unless a currently valid
OMB control number is displayed.
The public may view background
documentation for this information
collection at the following website:
. Find this particular
information collection by selecting

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18:25 Sep 24, 2020

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‘‘Currently under 30-day Review—Open
for Public Comments’’ or by using the
search function. Written comments and
recommendations for the proposed
information collection should be sent
within 30 days of publication of this
notice to (i) and (ii) David Bottom,
Director/Chief Information Officer,
Securities and Exchange Commission, c/
o Cynthia Roscoe, 100 F Street NE,
Washington, DC 20549, or by sending an
email to: [email protected].
Upon Written Request Copies
Available From: Securities and
Exchange Commission, Office of
Investor Education and Advocacy,
Washington, DC 20549–0213.

Resolution of litigation claims; and
Other matters relating to enforcement
proceedings.
At times, changes in Commission
priorities require alterations in the
scheduling of meeting agenda items that
may consist of adjudicatory,
examination, litigation, or regulatory
matters.
CONTACT PERSON FOR MORE INFORMATION:
For further information; please contact
Vanessa A. Countryman from the Office
of the Secretary at (202) 551–5400.

Dated: September 22, 2020.
J. Matthew DeLesDernier,
Assistant Secretary.

BILLING CODE 8011–01–P

[FR Doc. 2020–21242 Filed 9–24–20; 8:45 am]

Dated: September 22, 2020.
Vanessa A. Countryman,
Secretary.
[FR Doc. 2020–21296 Filed 9–23–20; 11:15 am]

SECURITIES AND EXCHANGE
COMMISSION

BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
Sunshine Act Meetings
3:15 p.m. on Tuesday,
September 29, 2020.
PLACE: The meeting will be held via
remote means and/or at the
Commission’s headquarters, 100 F
Street NE, Washington, DC 20549.
STATUS: This meeting will be closed to
the public.
MATTERS TO BE CONSIDERED:
Commissioners, Counsel to the
Commissioners, the Secretary to the
Commission, and recording secretaries
will attend the closed meeting. Certain
staff members who have an interest in
the matters also may be present.
In the event that the time, date, or
location of this meeting changes, an
announcement of the change, along with
the new time, date, and/or place of the
meeting will be posted on the
Commission’s website at https://
www.sec.gov.
The General Counsel of the
Commission, or his designee, has
certified that, in his opinion, one or
more of the exemptions set forth in 5
U.S.C. 552b(c)(3), (5), (6), (7), (8), 9(B)
and (10) and 17 CFR 200.402(a)(3),
(a)(5), (a)(6), (a)(7), (a)(8), (a)(9)(ii) and
(a)(10), permit consideration of the
scheduled matters at the closed meeting.
The subject matter of the closed
meeting will consist of the following
topic:
Institution and settlement of
injunctive actions;
Institution and settlement of
administrative proceedings;
TIME AND DATE:

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[Release No. 34–89931; File No. SR–CBOE–
2020–055]

Self-Regulatory Organizations; Cboe
Exchange, Inc.; Notice of Filing of
Amendment No. 2 and Order Instituting
Proceedings To Determine Whether To
Approve or Disapprove a Proposed
Rule Change, as Modified by
Amendment No. 2, To Amend Rule 5.24
September 21, 2020.

I. Introduction
On June 12, 2020, Cboe Exchange, Inc.
(the ‘‘Exchange’’ or ‘‘CBOE’’) filed with
the Securities and Exchange
Commission (‘‘Commission’’), pursuant
to Section 19(b)(1) of the Securities
Exchange Act of 1934 (‘‘Act’’),1 and
Rule 19b–4 thereunder,2 a proposed rule
change to adopt Rule 5.24(e)(3) to make
available an audio and video
communication program to serve as a
‘‘virtual trading floor’’ in one or more
option classes during regular trading
hours. The proposed rule change was
published for comment in the Federal
Register on June 29, 2020.3 On July 23,
2020, the Exchange filed Amendment
No. 1 to the proposed rule change.4 On
August 10, 2020, the Commission
designated a longer period for
Commission action on the proposed rule
1 15

U.S.C. 78s(b)(1).
CFR 240.19b–4.
3 See Securities Exchange Act Release No. 89131
(June 29, 2020), 85 FR 38951 (‘‘Notice’’).
4 In Amendment No. 1, the Exchange revised the
proposal to: (i) Clarify that if the virtual trading
floor is available in a class, the temporary rules in
CBOE Rule 5.24(e)(1) will not apply to that class
and (ii) permit clerks to access the virtual trading
floor. Amendment No. 1 is available at: https://
www.sec.gov/comments/sr-cboe-2020-055/
srcboe2020055-7470763-221281.pdf.
2 17

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