NYSE Arca Rule Change to Eliminate Publication Obligations

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1. Self-Regulatory Organization’s the burden of the collection of their participants or other entities with whom they have a significant Statement of the Purpose of, and information on respondents, including relationship. The supplementary through the use of automated, electronic Statutory Basis for, the Proposed Rule materials must be posted within two collection techniques or other forms of Change days after they are issued or made information technology. In its filing with the Commission, the generally available. When the Please direct your written comments self-regulatory organization included Commission is not the clearing agency’s on this 60-Day Collection Notice to statements concerning the purpose of, appropriate regulatory agency, the Austin Gerig, Director/Chief Data and basis for, the proposed rule change clearing agency must file one copy of Officer, Securities and Exchange the material with its appropriate and discussed any comments it received Commission, c/o Tanya Ruttenberg via regulatory agency. on the proposed rule change. The text email to PaperworkReductionAct@The Commission is responsible for of those statements may be examined at sec.gov by May 22, 2026. There will be overseeing clearing agencies and uses the places specified in Item IV below. a second opportunity to comment on the information posted pursuant to Rule The Exchange has prepared summaries, this SEC request following the Federal 17a–22 to determine whether a clearing set forth in sections A, B, and C below, Register publishing a 30-Day agency is implementing procedural or of the most significant parts of such Submission Notice. policy changes. The information aides statements. the Commission in determining whether Dated: March 18, 2026. A. Self-Regulatory Organization’s such changes are consistent with the Vanessa A. Countryman, purposes of Section 17A of the Statement of the Purpose of, and the Secretary. Exchange Act. Also, the Commission Statutory Basis for, the Proposed Rule [FR Doc. 2026–05553 Filed 3–20–26; 8:45 am] uses the information to determine Change whether a clearing agency has changed BILLING CODE 8011–01–P 1. Purpose its rules without reporting the actual or prospective change to the Commission SECURITIES AND EXCHANGE The Exchange proposes to amend as required under Section 19(b) of the COMMISSION Rules 2.4 (Application Procedures), 2.6 Exchange Act. (Publication of Approved OTP The respondents to Rule 17a–22 are Applications), and 6.44–O (Registration [Release No. 34–105043; File No. SR– registered clearing agencies. The of Floor Brokers) to eliminate certain of NYSEARCA–2026–29] frequency of postings made by clearing the Exchange’s publication obligations agencies pursuant to Rule 17a–22 varies Self-Regulatory Organizations; NYSE as outdated and unnecessary. but on average there are approximately Arca, Inc.; Notice of Filing and 120 postings per year per active clearing Rule 2.4 describes the procedures for Immediate Effectiveness of a Proposed agency. There are nine clearing applying to obtain an Options Trading Rule Change To Amend Rules 2.4, 2.6, agencies, but only seven active Permit (‘‘OTP’’) on the Exchange. Rule and 6.44–O To Eliminate Certain 4registered clearing agencies that are 2.4(b) provides that, following receipt of Outdated Publication Obligations expected to make postings pursuant to an OTP application, the Exchange will Rule 17a–22. The Commission staff post the applicant’s name for a period March 18, 2026. estimates that each response requires of three business days. The rule further Pursuant to Section 19(b)(1) of the approximately .25 hours (fifteen 1 provides that applicants seeking to Securities Exchange Act of 1934 minutes), which represents the time it shorten or waive this period must (‘‘Act’’), and Rule 19b–4 thereunder, takes for a staff person at the clearing 2 3 submit a written statement describing notice is hereby given that on March 12, agency to properly identify a document the basis for their request and that the 2026, NYSE Arca, Inc. (‘‘NYSE Arca’’ or subject to the rule and post the material Exchange may shorten or waive the the ‘‘Exchange’’) filed with the prominently on the clearing agency’s posting period if it determines that Securities and Exchange Commission internet website. Thus, the total annual extenuating circumstances so warrant. (the ‘‘Commission’’) the proposed rule burden for all active clearing agencies is The Exchange proposes to delete the change as described in Items I and II approximately 210 hours (7 clearing posting requirement set forth in Rule below, which Items have been prepared agencies multiplied by 120 filings per 2.4(b) (and designate the Rule as by the self-regulatory organization. The clearing agency multiplied by .25 ‘‘Reserved’’) because the Exchange no Commission is publishing this notice to hours). longer accepts comments from OTP solicit comments on the proposed rule An agency may not conduct or Holders or OTP Firms in connection change from interested persons. sponsor, and a person is not required to with the OTP application process; respond to, a collection of information I. Self-Regulatory Organization’s instead, the Exchange’s decisions unless it displays a currently valid OMB Statement of the Terms of Substance of regarding such applications are based Control Number. the Proposed Rule Change on objective criteria set forth in its Written comments are invited on: (a) rules. Accordingly, the Exchange whether this proposed collection of The Exchange proposes to amend 5 believes posting the names of not-yet- information is necessary for the proper Rules 2.4, 2.6, and 6.44–O to eliminate approved OTP applicants is no longer performance of the functions of the SEC, certain of the Exchange’s publication necessary or relevant and proposes to including whether the information will obligations as outdated and have practical utility; (b) the accuracy of delete this requirement to eliminate an unnecessary. The proposed rule change the SEC’s estimate of the burden is available on the Exchange’s website at imposed by the proposed collection of www.nyse.com and at the principal The term ‘‘OTP’’ refers to an Options Trading 4information, including the validity of office of the Exchange. Permit issued by the Exchange for effecting the methodology and the assumptions approved securities transactions on the Exchange’s Trading Facilities. See Rule 1.1 (Definitions). used; (c) ways to enhance the quality, 15 U.S.C. 78s(b)(1). See, e.g., Rules 2.2 (Qualifications and 1utility, and clarity of the information to 5 15 U.S.C. 78a. Application of Individual OTP Applicants) and 2.3 2be collected; and (d) ways to minimize 17 CFR 240.19b–4. (Qualifications of Firm Applicants). 3

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unnecessary burden on Exchange or forms as the Exchange may prescribe investors and the public interest, and resources. and must pass a Floor Broker because it is not designed to permit Rule 2.6 provides that, for each OTP examination prescribed by the unfair discrimination between that is issued, the Exchange will Exchange. The rule further provides customers, issuers, brokers, or dealers. promptly distribute a notice to all OTP that, before a registration becomes The Exchange believes the proposed Holders and OTP Firms by publishing effective, the Exchange will post the rule change would remove impediments the name of each new OTP Holder or name of the applicant on the bulletin to, and perfect the mechanism of, a free OTP Firm in the Exchange’s Weekly board on the Floor of the Exchange for and open market and a national market Bulletin. The Exchange currently three business days. The Exchange system because it eliminates publication maintains on its website an up-to-date proposes to delete the posting and posting requirements that are online directory listing the name and requirement as set forth in Rule 6.44– outdated, unduly burdensome, and contact information of each OTP Holder O(a) because the Exchange no longer redundant of information publicly or OTP Firm (the ‘‘Membership accepts comments in connection with available on the Exchange’s website. Directory’’). The Exchange believes that Floor Broker applications; instead, the 7the Membership Directory, which is With respect to the posting Exchange’s decisions regarding such publicly available, has rendered the requirements for OTP and Floor Broker applications are based solely upon requirement to separately publish the objective criteria set forth in its rules. applicants, as set forth in Rules 2.4(b) 9names of newly approved OTP Holders Accordingly, the Exchange believes the and 6.44–O, respectively, the Exchange and OTP Firms redundant and posting of the names of not-yet- believes that the original rationale for inefficient. The Exchange therefore approved Floor Broker applicants is no posting such information—to put proposes to delete Rule 2.6, and to longer necessary or relevant. The market participants on notice of certain 10designate it as ‘‘Reserved,’’ because its Exchange therefore proposes to delete applications and provide them an requirements are unnecessary and the portion of Rule 6.44–O(a) noted opportunity to submit comments to the unduly burdensome on the Exchange. In above, for the same reasons as noted for Exchange regarding such applications— addition, with the proposed elimination the proposed deletion of Rule 2.4(b). is no longer relevant, given that the of the publication requirement and The Exchange further notes that, as with Exchange no longer accepts such given that the Exchange posts OTP Holders and OTP Firms, the comments. Instead, as noted above, the information relevant to market Exchange currently maintains an up-to- Exchange evaluates OTP Holder, OTP participants on its publicly available date list of Floor Brokers in the Firm, and Floor Broker applications website, the Exchange also proposes to Membership Directory on its website, based on objective criteria set forth in discontinue publication of the Weekly which includes the names of each Floor Exchange rules. The Exchange thus Bulletin and use of a physical bulletin Broker firm and contact information. 11 believes that eliminating these board on the Trading Floor. 8 2. Statutory Basis requirements would streamline Rule 6.44–O(a) requires that an applicant for registration as a Floor Exchange rules, while promoting clarity The Exchange believes that the Broker must file an application in and transparency as to the Exchange’s proposed rule change is consistent with writing with the Exchange on such form practices with respect to evaluating Section 6(b) of the Act’’, in general, 12 and furthers the objectives of Section such applications. The Exchange also 6(b)(5) of the Act, in particular, believes that the elimination of the The Exchange previously eliminated a similar 136requirement to post the names of new ETP Holder because it is designed to prevent requirement, as set forth in Rule 2.6, to applicants in the Weekly Bulletin for 10 days and fraudulent and manipulative acts and publish new OTP Holders and OTP reduced the posting requirement with respect to practices, to promote just and equitable Firms in the Exchange’s Weekly OTP Holder applicants from 10 days to three days. principles of trade, to foster cooperation See Securities Exchange Act Release Nos. 48532 Bulletin is similarly unnecessary given (September 24, 2003), 68 FR 56369 (September 30, and coordination with persons engaged that the Exchange maintains an up-to- 2003) (SR–PCX–2003–43) (removing 10-day posting in regulating, clearing, settling, date Membership Directory on its requirement for new ETP Holder applicants); 48533 processing information with respect to, website, which makes publicly available (September 24, 2003), 68 FR 56367 (September 30, and facilitating transactions in 2003) (SR–PCX–2003–44) (establishing three-day to market participants the names of posting requirement for OTP Holder applicants). securities, to remove impediments to approved OTP Holders and OTP Firms. The Exchange no longer believes it necessary to and perfect the mechanism of a free and Thus, the Exchange believes the maintain a distinction between ETP and OTP open market and a national market applicants in this regard. The Exchange further proposed change would likewise system, and, in general, to protect notes that Cboe Exchange, Inc. (‘‘Cboe Options’’) streamline Exchange rules by removing similarly no longer requires the publication of unnecessary and outdated requirements. Trading Permit Holder (‘‘TPH’’) applicants in its Per Rule 6.44–O(a), in addition to submitting a weekly bulletin or the posting of such applicants on Finally, the Exchange believes that the 9 written application with the Exchange on such form its bulletin board. See Securities Exchange Act proposed change to discontinue or forms as the Exchange may prescribe, Release No. 71436 (January 29, 2014), 79 FR 6662 publication of the Weekly Bulletin and prospective Floor Brokers must pass a Floor Broker (February 4, 2014) (SR–CBOE–2014–009). The examination prescribed by the Exchange, which use of a physical bulletin board on the Exchange’s affiliate, NYSE American LLC (‘‘NYSE objective standard must be met for registration American’’), also previously filed to delete Trading Floor would similarly remove approval. references to a weekly bulletin in its rules where impediments to, and perfect the The Exchange notes that it has consulted the the information that would have been reflected 10 mechanism of, a free and open market Floor Broker registration rules of other options therein would be available on NYSE American’s exchanges that have a physical trading floor and website. See Securities Exchange Act Release No. and a national market system because it determined that none include a similar posting 56947 (December 12, 2007), 72 FR 72419 (December would reduce an administrative burden requirement. See, e.g., Nasdaq Phlx LLC, Options 8, 20, 2007) (SR–Amex–2007–134). on the Exchange without impacting the Section 6 (Registration of Floor Brokers); Cboe See Membership Directory, available at: https:// 7 Options Rule 3.50(b) (Floor Brokers, Registration); continued availability of relevant www.nyse.com/markets/arca-options/membership. BOX Exchange LLC Rule 7550 (Registration of Floor As noted above, both Cboe Options and NYSE information to market participants 8 Brokers); MIAX Sapphire Options Exchange Rule American have similarly eliminated requirements regarding OTP Holders, OTP Firms, and 2020 (Registration of Floor Brokers). to publish or post information in a weekly bulletin Floor Broker firms via the Exchange’s See note 7, supra. and/or on a physical bulletin board, based on the 11 15 U.S.C. 78f(b). website. availability of such information via the exchange’s 12website. See note 6, supra. 15 U.S.C. 78f(b)(5). 13

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to Rule 19b4(f)(6)(iii), the Commission Electronic Comments B. Self-Regulatory Organization’s

Statement on Burden on Competition may designate a shorter time if such • Use the Commission’s internet action is consistent with the protection comment form (https://www.sec.gov/ The Exchange does not believe that of investors and the public interest. rules/sro.shtml); or the proposed rule change will impose • Send an email to rule-comments@ The Exchange requested that the any burden on competition that is not sec.gov. Please include file number SR– necessary or appropriate in furtherance Commission waive the 30-day operative NYSEARCA–2026–29 on the subject of the purposes of the Act. The delay so that the proposal may become line. Exchange believes that the proposed operative immediately upon filing. The rule change will not impose an undue Exchange states that waiver of the Paper Comments burden on intramarket competition operative delay is consistent with the • Send paper comments in triplicate because the changes will impact all protection of investors and the public to Secretary, Securities and Exchange similarly situated market participants interest because it would allow the Commission, 100 F Street NE, equally. The Exchange believes that the Exchange to remove outdated, overly Washington, DC 20549–1090. proposed rule change will not impose burdensome obligations without delay, All submissions should refer to file an undue burden on intermarket which it believes will result in a more number SR–NYSEARCA–2026–29. This competition because it is intended to streamlined rule set to the benefit of file number should be included on the streamline Exchange rules by removing market participants. According to the subject line if email is used. To help the unnecessary and outdated requirements Exchange, other exchanges have Commission process and review your that other exchanges have similarly similarly eliminated or do not have comments more efficiently, please use eliminated or otherwise do not have in similar requirements and the Exchange only one method. The Commission will their rules. believes these posting and publication 14 post all comments on the Commission’s requirements are no longer relevant or C. Self-Regulatory Organization’s internet website (https://www.sec.gov/ necessary based on the Exchange’s Statement on Comments on the rules/sro.shtml). Copies of the filing will current processes for evaluating OTP Proposed Rule Change Received From be available for inspection and copying and Floor Broker applications. The Members, Participants, or Others at the principal office of the Exchange. Commission believes that waiving the No written comments were solicited Do not include personal identifiable 30-day operative delay is consistent or received with respect to the proposed information in submissions; you should with the protection of investors and the rule change. submit only information that you wish public interest because the proposal to make available publicly. We may III. Date of Effectiveness of the does not raise any novel regulatory redact in part or withhold entirely from Proposed Rule Change and Timing for issues and will allow the Exchange to publication submitted material that is Commission Action streamline its rules by removing obscene or subject to copyright outdated and redundant processes. The Exchange has filed the proposed protection. All submissions should refer Accordingly, the Commission hereby rule change pursuant to Section to file number SR–NYSEARCA–2026–29 waives the operative delay and 19(b)(3)(A)(iii) of the Act and Rule and should be submitted on or before 15 designates the proposed rule change to 19b–4(f)(6) thereunder. Because the April 13, 2026. 16 be operative upon filing. proposed rule change does not: (i) 21 For the Commission, by the Division of significantly affect the protection of At any time within 60 days of the Trading and Markets, pursuant to delegated investors or the public interest; (ii) filing of the proposed rule change, the authority. 22impose any significant burden on Commission summarily may Vanessa A. Countryman, competition; and (iii) become operative temporarily suspend such rule change if Secretary. prior to 30 days from the date on which it appears to the Commission that such [FR Doc. 2026–05559 Filed 3–20–26; 8:45 am] it was filed, or such shorter time as the action is necessary or appropriate in the Commission may designate, if BILLING CODE 8011–01–P public interest, for the protection of consistent with the protection of investors, or otherwise in furtherance of investors and the public interest, the the purposes of the Act. If the SECURITIES AND EXCHANGE proposed rule change has become Commission takes such action, the COMMISSION effective pursuant to Section 19(b)(3)(A) Commission shall institute proceduings of the Act and Rule 19b–4(f)(6) [Release No. 34–105047; File No. SR– to determine whether the proposed rule 17 18 NASDAQ–2025–072] thereunder. change should be approved or A proposed rule change filed under disapproved. Self-Regulatory Organizations; The Rule 19b–4(f)(6) normally does not 19 Nasdaq Stock Market LLC; Order IV. Solicitation of Comments become operative prior to 30 days after Approving a Proposed Rule Change, the date of the filing. However, pursuant as Modified by Amendment No. 2, To Interested persons are invited to Amend the Exchange’s Rules To submit written data, views and See notes 6 & 10, supra. Enable the Trading of Securities on the arguments concerning the foregoing, 1415 U.S.C. 78s(b)(3)(A)(iii). Exchange in Tokenized Form 15 including whether the proposed rule 17 CFR 240.19b–4(f)(6). 16 change is consistent with the Act. 15 U.S.C. 240.19b–4(f)(6). March 18, 2026. 17 Comments may be submitted by any of 17 CFR 240.19b–4(f)(6). In addition, Rule 19b– 18 I. Introduction the following methods: 4(f)(6)(iii) requires the Exchange to give the Commission written notice of its intent to file the On September 8, 2025, The Nasdaq proposed rule change, along with a brief description Stock Market LLC (‘‘Nasdaq’’ or and text of the proposed rule change, at lease five 17 CFR 240.19b–4(f)(6)(iii). 20 ‘‘Exchange’’) filed with the Securities business days prior to the date of filing of the For the purposes only of waiving the 30-day 21proposed rule change, or such shorter time as operative delay, the Commission also has and Exchange Commission designated by the Commission. The Exchange has considered the proposed rule’s impact on satisfied this requirement. efficiency, competion, and capital formation. See 15 17 CFR 240.19b–4(f)(6). U.S.C. 78c(f). 17 CFR 200.30–3(a)(12). 19 22

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