30 Day Notice

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Federal Register / Vol. 86, No. 20 / Tuesday, February 2, 2021 / Notices

prospectus in the effective registration
statement.

change should be approved or
disapproved.

B. Self-Regulatory Organization’s
Statement on Burden on Competition
The Exchange does not believe that
the proposed rule change would impose
any burden on competition that is not
necessary or appropriate in furtherance
of the purposes of the Act. The
proposed rule change is not designed to
address any competitive issues but
rather is designed to provide specificity
in Exchange rules that Exchange
systems would be able to accept IDO
Orders that comply with the
requirement specified in Rule
7.31(c)(1)(D)(iii) that an IDO Order must
be for the quantity of shares offered by
the issuer, as disclosed in the
prospectus in the effective registration
statement.

IV. Solicitation of Comments

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C. Self-Regulatory Organization’s
Statement on Comments on the
Proposed Rule Change Received From
Members, Participants, or Others
No written comments were solicited
or received with respect to the proposed
rule change.
III. Date of Effectiveness of the
Proposed Rule Change and Timing for
Commission Action
The Exchange has filed the proposed
rule change pursuant to Section
19(b)(3)(A)(iii) of the Act 7 and Rule
19b–4(f)(6) thereunder.8 Because the
proposed rule change does not: (i)
Significantly affect the protection of
investors or the public interest; (ii)
impose any significant burden on
competition; or (iii) become operative
prior to 30 days from the date on which
it was filed, or such shorter time as the
Commission may designate, if
consistent with the protection of
investors and the public interest, the
proposed rule change has become
effective pursuant to Section 19(b)(3)(A)
of the Act and Rule 19b–4(f)(6)(iii)
thereunder.
At any time within 60 days of the
filing of such 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
under Section 19(b)(2)(B) 9 of the Act to
determine whether the proposed rule
7 15

U.S.C. 78s(b)(3)(A)(iii).
CFR 240.19b–4(f)(6).
9 15 U.S.C. 78s(b)(2)(B).

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–
NYSE–2021–07 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–NYSE–2021–07. 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
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–NYSE–2021–07 and
should be submitted on or before
February 23, 2021.

8 17

VerDate Sep<11>2014

19:08 Feb 01, 2021

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For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.10
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2021–02115 Filed 2–1–21; 8:45 am]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
[SEC File No. 270–213, OMB Control No.
3235–0220]

Submission for OMB Review;
Comment Request
Upon Written Request, Copies Available
From: Securities and Exchange
Commission, Office of FOIA Services,
100 F Street NE, Washington, DC
20549–2736
Extension:
Rule 30b2–1

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 (the
‘‘Commission’’) has submitted to the
Office of Management and Budget
(‘‘OMB’’) a request for extension of the
previously approved collection of
information discussed below.
Rule 30b2–1 (17 CFR 270.30b2–1)
under the Investment Company Act of
1940 (15 U.S.C. 80a–1 et seq.) (the
‘‘Investment Company Act’’) requires a
registered management investment
company (‘‘fund’’) to (1) file a report
with the Commission on Form N–CSR
(17 CFR 249.331 and 274.128) not later
than 10 days after the transmission of
any report required to be transmitted to
shareholders under rule 30e–1 under
the Investment Company Act, and (2)
file with the Commission a copy of
every periodic or interim report or
similar communication containing
financial statements that is transmitted
by or on behalf of such fund to any class
of such fund’s security holders and that
is not required to be filed with the
Commission under (1), not later than 10
days after the transmission to security
holders. The purpose of the collection of
information required by rule 30b2–1 is
to meet the disclosure requirements of
the Investment Company Act and
certification requirements of the
Sarbanes-Oxley Act of 2002 (Pub. L.
107–204, 116 Stat. 745 (2002)) and to
provide investors with information
necessary to evaluate an interest in the
fund.
The Commission estimates that there
are 2,207 funds, with a total of
approximately 11,977 portfolios, that
are governed by the rule. For purposes

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Federal Register / Vol. 86, No. 20 / Tuesday, February 2, 2021 / Notices
of this analysis, the burden associated
with the requirements of rule 30b2–1
has been included in the collection of
information requirements of rule 30e–1
(17 CFR 270.30e–1) and Form N–CSR,
rather than the rule. The Commission
has, however, requested a one hour
burden for administrative purposes.
The collection of information under
rule 30b2–1 is mandatory. The
information provided under rule 30b2–
1 is not kept confidential. An agency
may not conduct or sponsor, and a
person is not required to respond to, a
collection of information unless it
displays a currently valid OMB control
number.
The public may view the background
documentation for this information
collection at the following website,
www.reginfo.gov. Comments should be
directed to: (i) Desk Officer for the
Securities and Exchange Commission,
Office of Information and Regulatory
Affairs, Office of Management and
Budget, Room 10102, New Executive
Office Building, Washington, DC 20503,
or by sending an email to:
[email protected]; and (ii)
David Bottom, Director/Chief
Information Officer, Securities and
Exchange Commission, c/o Cynthia
Roscoe, 100 F Street NE, Washington,
DC 20549 or send an email to: PRA_
[email protected]. Written comments
and recommendations for the proposed
information collection should be sent
within 30 days of publication of this
notice to www.reginfo.gov/public/do/
PRAMain. Find this particular
information collection by selecting
‘‘Currently under 30-day Review—Open
for Public Comments’’ or by using the
search function.
Dated: January 27, 2021.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2021–02126 Filed 2–1–21; 8:45 am]
BILLING CODE 8011–01–P

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[Release No. 34–90997; File No. SR–
CboeBZX–2021–010]

Self-Regulatory Organizations; Cboe
BZX Exchange, Inc.; Notice of Filing
and Immediate Effectiveness of
Proposed Rule Change Relating To
Amend Its Fee Schedule To Eliminate
Certain Routing Fee Codes

II. Self-Regulatory Organization’s
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.

1. Purpose
The Exchange proposes to amend its
fee schedule applicable to its equities
trading platform (‘‘BZX Equities’’) by
eliminating certain routing fee codes.3
The Exchange first notes that it
operates in a highly competitive market
1 15

U.S.C. 78s(b)(1).
CFR 240.19b–4.
3 The Exchange initially filed the proposed fee
changes January 4, 2021 (SR–CboeBZX–2021–001).
On January 13, 2021, the Exchange withdrew that
filing and submitted this proposal.
2 17

January 27, 2021.

Pursuant to Section 19(b)(1) of the
Securities Exchange Act of 1934 (the

19:08 Feb 01, 2021

I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
Cboe BZX Exchange, Inc. (the
‘‘Exchange’’ or ‘‘BZX’’) is filing with the
Securities and Exchange Commission
(‘‘Commission’’) a proposed rule change
to amend the fee schedule applicable to
Members and non-Members of the
Exchange pursuant to BZX Rules 15.1(a)
and (c). Changes to the fee schedule
pursuant to this proposal are effective
upon filing. The text of the proposed
rule change is provided in Exhibit 5.
The text of the proposed rule change
is also available on the Exchange’s
website (http://markets.cboe.com/us/
equities/regulation/rule_filings/bzx/), at
the Exchange’s Office of the Secretary,
and at the Commission’s Public
Reference Room.

A. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change

SECURITIES AND EXCHANGE
COMMISSION

VerDate Sep<11>2014

‘‘Act’’) 1 and Rule 19b–4 thereunder,2
notice is hereby given that on January
13, 2021, Cboe BZX Exchange, Inc. (the
‘‘Exchange’’ or ‘‘BZX’’) filed with the
Securities and Exchange Commission
(the ‘‘Commission’’) the proposed rule
change as described in Items I and II
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.

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7907

in which market participants can
readily direct order flow to competing
venues if they deem fee levels at a
particular venue to be excessive or
incentives to be insufficient. More
specifically, the Exchange is only one of
16 registered equities exchanges, as well
as a number of alternative trading
systems and other off-exchange venues
that do not have similar self-regulatory
responsibilities under the Exchange Act,
to which market participants may direct
their order flow. Based on publicly
available information,4 no single
registered equities exchange has more
than 16% of the market share. Thus, in
such a low-concentrated and highly
competitive market, no single equities
exchange possesses significant pricing
power in the execution of order flow.
The Exchange believes that the evershifting market share among the
exchanges from month to month
demonstrates that market participants
can shift order flow or discontinue to
reduce use of certain categories of
products, in response to fee changes.
Accordingly, competitive forces
constrain the Exchange’s transaction
fees, and market participants can readily
trade on competing venues if they deem
pricing levels at those other venues to
be more favorable.
The Exchange assesses fees in
connection with orders routed away to
various exchanges. As a result of
minimal use in the last months, the
Exchange proposes to eliminate the
following routing fee codes currently
under the Fee Codes and Associated
Fees section of the Fee Schedule:
• Fee code 8, which is appended to
Members’ orders routed to NYSE
American that adds liquidity and
assesses a charge of $0.00020 per
contract; and
• Fee code MX, which is appended to
Members’ orders routed to NYSE
American using the TRIM or SLIM 5
routing strategy and assesses a charge of
$0.00020 per contract.
The Exchange has observed a minimal
amount of volume in recent months in
orders yielding fee codes 8 or MX. In
particular, over the last six months the
Exchange observed that orders yielding
fee code MX accounted for
4 See Cboe Global Markets, U.S. Equities Market
Volume Summary, Month-to-Date (December 29,
2020), available at https://markets.cboe.com/us/
equities/market_statistics/.
5 The TRIM and SLIM routing strategies are
routing strategies in which an order checks the
System for available shares if so instructed by the
entering User and then is sent to destinations on the
applicable System routing table. See Rule
11.13(b)(3)(G); see also Cboe Routing Strategies,
FIX/BOE Routing Tags and Instructions, available
at: https://cdn.cboe.com/resources/features/Cboe_
USE_RoutingStrategies.pdf.

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