Common use of Functions and Responsibilities Clause in Contracts

Functions and Responsibilities. Subject to the retention of the Retained Functions, New York Stock Exchange LLC shall delegate to NYSE Market, and NYSE Market shall assume, the following responsibilities and functions of New York Stock Exchange LLC, as a registered national securities exchange (each, a "Delegated Market Responsibility" and together the "Delegated Market Responsibilities"): 1. To operate NYSE Market, including automated systems supporting it. 2. To provide and maintain a communications network infrastructure linking market participants for the efficient process and handling of quotations, orders, transaction reports and comparisons of transactions. 3. To act as a Securities Information Processor for quotations and transaction information related to securities traded on NYSE Market and other trading facilities operated by NYSE Market. 4. To administer the participation of the New York Stock Exchange LLC in the National Market System and SEC regulations related thereto. 5. To collect, process, consolidate and provide to NYSE Regulation accurate information requisite to operation of the surveillance audit trail. 6. To develop and adopt rules governing listing standards applicable to securities listed on New York Stock Exchange LLC and the issuers of those securities in consultation with NYSE Regulation. 7. To establish and assess listing fees, access fees, transaction fees, market data fees and other fees for the products and services offered by NYSE Market. 8. To develop, adopt and administer rules governing the issuance of Trading Licenses. 9. To operate Market Watch in coordination with NYSE Regulation and to refer to NYSE Regulation any complaints of a regulatory nature involving potential rule violations by Trading License holders, member organizations or employees. 10. To establish the annual budget for NYSE Market. 11. To determine allocation of NYSE Market resources. 12. To manage external relations on matters related to trading on and the operation and functions of NYSE Market with Congress, the SEC, state regulators, other self- regulatory organizations, business groups, and the public.

Functions and Responsibilities. Subject to the retention of the Retained Functions, New York Stock Exchange LLC shall delegate to NYSE Market, and NYSE Market shall assume, the following responsibilities and functions of New York Stock Exchange LLC, as a registered national securities exchange (each, a "“Delegated Market Responsibility" ” and together the "“Delegated Market Responsibilities"”): 1. To operate NYSE Market, including automated systems supporting it. 2. To provide and maintain a communications network infrastructure linking market participants for the efficient process and handling of quotations, orders, transaction reports and comparisons of transactions. 3. To act as a Securities Information Processor for quotations and transaction information related to securities traded on NYSE Market and other trading facilities operated by NYSE Market. 4. To administer the participation of the New York Stock Exchange LLC in the National Market System and SEC regulations related theretoPlans. 5. To collect, process, consolidate and provide to NYSE Regulation accurate information requisite to operation of the surveillance audit trail. 6. To develop and adopt rules governing listing standards applicable to securities listed on New York Stock Exchange LLC and the issuers of those securities in consultation with NYSE Regulation. 7. To establish and assess listing fees, access fees, transaction fees, market data fees and other fees for the products and services offered by NYSE Market. 8. To develop, adopt and administer rules governing the issuance of Trading Licenses. 9. To operate Market Watch in coordination with NYSE Regulation and to refer to NYSE Regulation any complaints of a regulatory nature involving potential rule violations by Trading License holders, member organizations or employees. 10. To establish the annual budget for NYSE Market. 11. To determine allocation of NYSE Market resources. 12. To manage external relations on matters related to trading on and the operation and functions of NYSE Market with Congress, the SEC, state regulators, other self- self-regulatory organizations, business groups, and the public.