80 FR 34770 - Self-Regulatory Organizations; NYSE MKT, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Revising the Schedule for Implementing the Exchange's Recently Approved Rule To Provide a Price Protection for Market Maker Quotes Pursuant to Rule 967.1NY
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 80, Issue 116 (June 17, 2015)
Federal Register Volume 80, Issue 116 (June 17, 2015)
| Page Range | 34770-34772 | |
| FR Document | 2015-14825 |
[Federal Register Volume 80, Number 116 (Wednesday, June 17, 2015)] [Notices] [Pages 34770-34772] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2015-14825] ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION [Release No. 34-75151; File No. SR-NYSEMKT-2015-42] Self-Regulatory Organizations; NYSE MKT, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Revising the Schedule for Implementing the Exchange's Recently Approved Rule To Provide a Price Protection for Market Maker Quotes Pursuant to Rule 967.1NY June 11, 2015. Pursuant to Section 19(b)(1) \1\ of the Securities Exchange Act of 1934 (the ``Act'') \2\ and Rule 19b-4 thereunder,\3\ notice is hereby given that on June 5, 2015, NYSE MKT LLC (the ``Exchange'' or ``NYSE MKT'') 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 self-regulatory organization. The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons. --------------------------------------------------------------------------- \1\ 15 U.S.C. 78s(b)(1). \2\ 15 U.S.C. 78a. \3\ 17 CFR 240.19b-4. --------------------------------------------------------------------------- I. Self-Regulatory Organization's Statement of the Terms of the Substance of the Proposed Rule Change The Exchange proposes to revise the schedule for implementing the Exchange's recently approved rule to provide a price protection for Market Maker quotes pursuant to Rule 967.1NY. The text of the proposed rule change is available on the Exchange's Web site at www.nyse.com, at the principal office of the Exchange, and at the Commission's Public Reference Room. 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. [[Page 34771]] A. Self-Regulatory Organization's Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change 1. Purpose The Exchange is proposing to revise the schedule for implementing the Exchange's recently approved rule to provide a price protection risk mechanism for Market Maker quotes pursuant to Rule 967.1NY.\4\ --------------------------------------------------------------------------- \4\ See Securities Exchange Act Release No. 74440 (March 4, 2015), 80 FR 12687 (March 10, 2015) (SR-NYSEMKT-2014-116) (Approval Order); see also Securities Exchange Act Release No. 74017 (January 8, 2015), 80 FR 1979 (January 14, 2015) (SR-NYSEMKT-2014-116) (Notice). --------------------------------------------------------------------------- Rule 967.1NY provides two layers of price protection to incoming Market Maker quotes, rejecting those Market Maker quotes that exceed certain parameters, as a risk mitigation tool. The first layer of price protection, set forth in Rule 967.1NY(a)(1), assesses incoming sell quotes against the NBB and incoming buy quotes against the NBO (the ``NBBO Price Reasonability Check''). Specifically, per Rule 967.1NY(a)(1), provided that an NBBO is available, a Market Maker quote would be rejected if it is priced a specified dollar amount or percentage through the contra-side NBBO. The second layer of price protection assesses the price of call or put bids against a specified benchmark (the ``Underlying Stock Price/ Strike Price Check''), per Rule 967.1NY(a)(2) and (3). This second layer of protection applies to bids in call options or put options when (1) there is no NBBO available, for example, during pre-opening or prior to conducting a re-opening after a trading halt, or (2) if the NBBO is so wide as to not reflect an appropriate price for the respective options series. Rule 967.1NY(b) operates as an additional safeguard and risk control feature. In particular, when a Market Maker quote is rejected pursuant to Rule 967.1NY(a), the Exchange will also cancel any resting same-side quote(s) in the affected series, if rejected pursuant to (a)(1); or the Exchange will also cancel any resting same-side quote(s) in the affected class(es), if rejected pursuant to (a)(2) or (a)(3) of the Rule. When the Exchange proposed Rule 967.1NY, it stated that it would announce via Trader Update the implementation date of the Rule.\5\ Because of the differing technology associated with the two layers of price protection, the Exchange now proposes a two-stage implementation of the Rule. Specifically, the Exchange proposes to implement Rule 967.1NY(a)(1) and Rule 967.1NY(b) as it relates to quotes that have been rejected pursuant to the NBBO Price Reasonability Check first. The Exchange believes that because the NBBO Price Reasonability Check is an approved rule of the Exchange, implementing it as soon as practicable would enable Market Makers and investors alike to benefit from the protections that would be afforded by the NBBO Price Reasonability Check.\6\ The Exchange would announce the implementation date by Trader Update to be published no later than five (5) days after the Commission's publication of this filing. --------------------------------------------------------------------------- \5\ See Notice, id., 80 FR at 1981. \6\ The Exchange notes that to the extent that Rule 967.1NY(b) references Rule 967.1NY(a)(2) and (3), that language would be without force until the implementation of the latter sections of the Rule. --------------------------------------------------------------------------- The Exchange further proposes a separate, later implementation date for Rule 967.1NY(a)(2) and (3) (the Underlying Stock Price/Strike Price Check) and Rule 967.1NY(b) as it relates to the Underlying Stock Price/ Strike Price Check. This two-stage implementation would provide the Exchange additional time to implement the technology related to the Underlying Stock Price/Strike Price Check. The Exchange proposes to add Commentary .01 to the rule, directing ATP Holders to consult Trader Updates for additional information regarding the implementation schedule for paragraphs (a)(2) and (a)(3) of the Rule, with final implementation of such paragraphs to be completed by no later than March 4, 2016. As noted above, the Exchange proposes to announce the implementation date via Trader Update and would indicate those symbols for which the Underlying Stock Price/Strike Price Check will be unavailable, as the Exchange anticipates that this functionality would be implemented on an iterative basis depending on the symbol. Further, the Exchange will issue subsequent Trader Updates whenever there is a change to the list of symbols for which the Underlying Stock Price/ Strike Price Check is unavailable. The Exchange is proposing this rule change to provide transparency regarding the implementation schedule regarding the two layers of price protection for Marker Maker quotes pursuant to Rule 967.1NY. 2. Statutory Basis The proposed rule change is consistent with Section 6(b) of the Act,\7\ in general, and furthers the objectives of Section 6(b)(5),\8\ in particular, in that it is designed to promote just and equitable principles of trade, to remove impediments to and perfect the mechanism of a free and open market and a national market system, and in general, to protect investors and the public interest. --------------------------------------------------------------------------- \7\ 15 U.S.C. 78f(b). \8\ 15 U.S.C. 78f(b)(5). --------------------------------------------------------------------------- The Exchange believes that providing an iterative implementation schedule for the approved price protection features set forth in Rule 967.1NY is consistent with the Act because it would enable Market Makers and the public to immediately benefit from the approved NBBO Reasonability Check while allowing the Exchange additional time to implement the technology associated with the Underlying Stock Price/ Strike Price Check when there is no reliable NBBO available. Specifically, the proposed iterative implementation schedule for Rule 967.1NY would assist with the maintenance of a fair and orderly market and protect investors and the public interest because it would enable the Exchange to implement the NBBO Reasonability Check immediately, thereby helping to mitigate the risks associated with the entry of quotes that are priced a specified dollar amount or percentage through the prevailing contra-side market, which the Exchange believes is evidence of error. The Exchange further believes that announcing the implementation dates of the new risk mitigation tools via Trader Updates would remove impediments to and perfects the mechanism of a free and open market because they would provide notice of when each of the approved risk control features is being implemented, and for which symbols. B. Self-Regulatory Organization's Statement on Burden on Competition The Exchange does not believe that the proposed rule change will 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, to propose an iterative implementation schedule for an approved rule of the Exchange. Therefore, the Exchange does not believe that the proposed rule change will impose any burden on competition, but rather, would enable Market Makers, the public, and investors to immediately benefit from the additional price protection offered by the NBBO Reasonability Check and delay the implementation of the Underlying Stock Price/Strike Price Check pending finalization of the technology associated with that feature. [[Page 34772]] 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 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; and (iii) become operative for 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 \9\ and Rule 19b- 4(f)(6)(iii) thereunder.\10\ --------------------------------------------------------------------------- \9\ 15 U.S.C. 78s(b)(3)(A). \10\ 17 CFR 240.19b-4(f)(6)(iii). As required under Rule 19b- 4(f)(6)(iii), the Exchange provided the Commission with written notice of its intent to file the proposed rule change, along with a brief description and the 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 asked the Commission to waive the 30-day operative delay so that the proposal may become operative immediately upon filing. The Exchange stated that waiver of this requirement would enable the Exchange to implement immediately the approved price protection risk mechanisms for which the associated Exchange technology is currently available or is in the process of becoming finalized, consistent with the proposed implementation schedule. The Commission believes the waiver of the operative delay is consistent with the protection of investors and the public interest. Therefore, the Commission hereby waives the operative delay and designates the proposed rule change to be operative upon filing.\11\ --------------------------------------------------------------------------- \11\ For purposes only of waiving the 30-day operative delay, the Commission has also considered the proposed rule's impact on efficiency, competition, and capital formation. See 15 U.S.C. 78c(f). --------------------------------------------------------------------------- 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 CommentsUse 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-NYSEMKT-2015-42 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-NYSEMKT-2015-42. 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 Web site (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 Web site 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 such filing also will be available for inspection and copying at the principal office of the Exchange. All comments received will be posted without change; the Commission does not edit personal identifying information from submissions. You should submit only information that you wish to make available publicly. All submissions should refer to File Number SR-NYSEMKT-2015-42, and should be submitted on or before July 8, 2015. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.\12\ --------------------------------------------------------------------------- \12\ 17 CFR 200.30-3(a)(12). --------------------------------------------------------------------------- Robert W. Errett, Deputy Secretary. [FR Doc. 2015-14825 Filed 6-16-15; 8:45 am] BILLING CODE 8011-01-P
![34770 Federal Register / Vol. 80, No. 116 / Wednesday, June 17, 2015 / Notices
for trading.74 The limited self-regulatory appropriate to confer with applicants.76 SECURITIES AND EXCHANGE
attributes in that case stand in stark It certainly does not (as AMSE appears COMMISSION
contrast to the full scope of self- to believe) entitle applicants to obtain
regulatory powers sought by AMSE guidance from the staff so that the [Release No. 34–75151; File No. SR–
here. applicants can repeatedly amend their NYSEMKT–2015–42]
C. AMSE Is Mistaken in Its applications before the Commission
Interpretation of the Relevant issues its final order.77 In any event, as Self-Regulatory Organizations; NYSE
Procedural Requirements Relating to Its noted above, Commission staff in fact MKT, LLC; Notice of Filing and
Exemption Application consulted with AMSE and provided Immediate Effectiveness of Proposed
views and input to AMSE about its Rule Change Revising the Schedule for
AMSE has labored under certain
application.78 Implementing the Exchange’s Recently
misunderstandings of the relevant
Approved Rule To Provide a Price
procedures throughout its interactions IV. Conclusion
with the staff on this matter. To the Protection for Market Maker Quotes
extent that there is any ambiguity in The Commission has reviewed Pursuant to Rule 967.1NY
these procedures, we take this AMSE’s application for a limited
June 11, 2015.
opportunity to provide clarification. volume exemption from registration as a
AMSE erroneously reads Rule national securities exchange and has Pursuant to Section 19(b)(1) 1 of the
202.3(b)(2) of the Commission’s determined, for the reasons described Securities Exchange Act of 1934 (the
procedural rules as establishing an above, to deny AMSE’s application.79 ‘‘Act’’) 2 and Rule 19b–4 thereunder,3
enforceable right on the part of AMSE notice is hereby given that on June 5,
It is therefore ordered, pursuant to
to require the Commission’s staff to 2015, NYSE MKT LLC (the ‘‘Exchange’’
Section 5 of the Act, that AMSE’s
confer with AMSE. Rule 202.3(b)(2) or ‘‘NYSE MKT’’) filed with the
application for an exemption from
provides, in relevant part: Securities and Exchange Commission
registration as a national securities
Applications for registration as national (the ‘‘Commission’’) the proposed rule
exchange be, and hereby is, denied.
securities exchanges, or exemption from change as described in Items I and II
registration as exchanges by reason of such By the Commission. below, which Items have been prepared
exchanges’ limited volume of transactions Brent J. Fields, by the self-regulatory organization. The
filed with the Commission are routed to the Secretary. Commission is publishing this notice to
Division of Market Regulation, which
[FR Doc. 2015–14807 Filed 6–16–15; 8:45 am] solicit comments on the proposed rule
examines these applications to determine
whether all necessary information has been BILLING CODE 8011–01–P change from interested persons.
supplied and whether all required financial I. Self-Regulatory Organization’s
statements and other documents have been
furnished in proper form. . . . The staff
Statement of the Terms of the Substance
76 See, e.g., Dichter–Mad Family Partners, LLP v.
confers with applicants and makes of the Proposed Rule Change
United States, 707 F.Supp.2d 1016, 1042–43 (C.D.
suggestions in appropriate cases for Cal. 2010), aff’d, 709 F.3d 749 (9th Cir. 2013)
amendments and supplemental information. The Exchange proposes to revise the
(dismissing plaintiffs’ claims upon finding, among
Where it appears appropriate in the public other things, that even though statute mandated that
schedule for implementing the
interest and where a basis therefore exists, agency staff ‘‘shall’’ engage in certain conduct, such Exchange’s recently approved rule to
denial proceedings may be instituted. language was ‘‘modified by the discretionary ‘as provide a price protection for Market
AMSE appears to construe the second appropriate’’’ and thus statute conferred discretion Maker quotes pursuant to Rule 967.1NY.
upon agency officials). Cf. Nat’l Env’t. Dev. Ass’n’s The text of the proposed rule change is
sentence in the quoted language above Clean Air Project v. EPA, 686 F.3d 803, 813 (D.C.
to establish a binding obligation on the available on the Exchange’s Web site at
Cir. 2012) (concluding that the statutory phrase ‘‘as
Commission staff to work with AMSE to appropriate’’ conferred ‘‘significant discretion’’ www.nyse.com, at the principal office of
achieve Commission approval of its upon the agency); Bear Valley Mut. Water Co. v. the Exchange, and at the Commission’s
exemption application. Salazar, No. 11–01263, 2012 WL 5353353 (C.D. Cal. Public Reference Room.
But the rule contains no such Oct. 17, 2012) (same); City of Toledo v. Beazer
Materials & Servs., Inc., No. 90–CV–7344, 1995 WL II. Self-Regulatory Organization’s
requirement; indeed, it does not
770396 (N.D. Ohio June 14, 1995) (the same phrase Statement of the Purpose of, and
prescribe any procedure that the
Commission staff must follow when
in a federal regulation indicated that the described Statutory Basis for, the Proposed Rule
activity was ‘‘not mandatory’’). Change
working with applicants on applications 77 Nor does the rule contain any suggestion that,
for registration or exemption from absent such a conference with the staff, the In its filing with the Commission, the
registration. To the contrary, when the administrative record would be fatally deficient and self-regulatory organization included
rule refers to Commission staff any subsequent action by the Commission on the
statements concerning the purpose of,
conferring with applicants, it is application would be improper.
78 See supra note 6 (discussing communications and basis for, the proposed rule change
expressly descriptive, rather than
between Commission staff and AMSE regarding and discussed any comments it received
prescriptive, as to the staff’s actions.
AMSE’s application occurring between December on the proposed rule change. The text
And, critically, it provides only that the
staff will ‘‘confer[] with applicants and
2013 and March 2014). of those statements may be examined at
79 We note that, at times during the pendency of
make[] suggestions in appropriate the places specified in Item IV below.
asabaliauskas on DSK5VPTVN1PROD with NOTICES
its exemption application, AMSE made
cases . . . .’’ 75 The rule thus explicitly The Exchange has prepared summaries,
unsubstantiated claims of bad faith on the staff’s
leaves it to the staff to identify the part. We see no indication of any bad faith,
set forth in sections A, B, and C below,
situations in which it would be however. And in any event, we have reached our of the most significant parts of such
determination to deny AMSE’s exemption statements.
74 See Securities Exchange Act Release No. 41199 application based on our own independent review
(March 22, 1999), 64 FR 14953 (March 29, 1999) of the application. Accordingly, we are confident
1 15 U.S.C. 78s(b)(1).
(order granting a limited volume exemption under that AMSE has had a full and fair opportunity to
2 15 U.S.C. 78a.
Section 5 of the Act to Tradepoint). present its application to us for consideration and
75 17 CFR 202.3(b)(2) (emphasis added). that AMSE has suffered no prejudice. 3 17 CFR 240.19b–4.
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![34772 Federal Register / Vol. 80, No. 116 / Wednesday, June 17, 2015 / Notices
C. Self-Regulatory Organization’s to determine whether the proposed rule For the Commission, by the Division of
Statement on Comments on the should be approved or disapproved. Trading and Markets, pursuant to delegated
Proposed Rule Change Received From authority.12
Members, Participants, or Others IV. Solicitation of Comments Robert W. Errett,
Deputy Secretary.
No written comments were solicited Interested persons are invited to
[FR Doc. 2015–14825 Filed 6–16–15; 8:45 am]
or received with respect to the proposed submit written data, views, and
rule change. BILLING CODE 8011–01–P
arguments concerning the foregoing,
III. Date of Effectiveness of the including whether the proposed rule
Proposed Rule Change and Timing for change is consistent with the Act. SECURITIES AND EXCHANGE
Commission Action Comments may be submitted by any of COMMISSION
the following methods:
Because the proposed rule change [File No. 500–1]
does not (i) significantly affect the Electronic Comments
protection of investors or the public In the Matter of Joymain International
interest; (ii) impose any significant • Use the Commission’s Internet Development Group, Inc.; Order of
burden on competition; and (iii) become comment form (http://www.sec.gov/ Suspension of Trading
operative for 30 days from the date on rules/sro.shtml); or
June 15, 2015.
which it was filed, or such shorter time • Send an email to rule-comments@
as the Commission may designate if It appears to the Securities and
sec.gov. Please include File Number SR– Exchange Commission (‘‘Commission’’)
consistent with the protection of NYSEMKT–2015–42 on the subject line.
investors and the public interest, the that the public interest and the
proposed rule change has become Paper Comments protection of investors require a
effective pursuant to Section 19(b)(3)(A) suspension of trading in the securities of
of the Act 9 and Rule 19b–4(f)(6)(iii) • Send paper comments in triplicate Joymain International Development
thereunder.10 to Secretary, Securities and Exchange Group, Inc. (CIK No. 0001061169)
The Exchange has asked the Commission, 100 F Street NE., (‘‘Joymain’’), because of recent, unusual
Commission to waive the 30-day Washington, DC 20549–1090. and unexplained market activity raising
operative delay so that the proposal may concerns regarding the adequacy and
All submissions should refer to File accuracy of publicly-available
become operative immediately upon
Number SR–NYSEMKT–2015–42. This information, including information
filing. The Exchange stated that waiver
of this requirement would enable the file number should be included on the concerning Joymain’s financial
Exchange to implement immediately the subject line if email is used. To help the condition and scope of operations.
approved price protection risk Commission process and review your Joymain is a Nevada corporation with a
mechanisms for which the associated comments more efficiently, please use business address in Miami, Florida, and
Exchange technology is currently only one method. The Commission will its common stock is quoted on the OTC
available or is in the process of post all comments on the Commission’s Link (previously ‘‘Pink Sheets’’)
becoming finalized, consistent with the Internet Web site (http://www.sec.gov/ operated by OTC Markets Group, Inc.
proposed implementation schedule. The rules/sro.shtml). Copies of the (‘‘OTC Link’’) under the ticker symbol
Commission believes the waiver of the submission, all subsequent JIDG.
operative delay is consistent with the amendments, all written statements Therefore, it is ordered, pursuant to
protection of investors and the public Section 12(k) of the Securities Exchange
with respect to the proposed rule
interest. Therefore, the Commission Act of 1934, that trading in the
change that are filed with the
hereby waives the operative delay and securities of Joymain is suspended for
Commission, and all written the period from 9:30 a.m. EDT on June
designates the proposed rule change to communications relating to the 15, 2015, through 11:59 p.m. EDT on
be operative upon filing.11 proposed rule change between the
At any time within 60 days of the June 26, 2015.
Commission and any person, other than
filing of the proposed rule change, the By the Commission.
those that may be withheld from the
Commission summarily may public in accordance with the
Jill M. Peterson,
temporarily suspend such rule change if Assistant Secretary.
provisions of 5 U.S.C. 552, will be
it appears to the Commission that such [FR Doc. 2015–14991 Filed 6–15–15; 4:15 pm]
available for Web site viewing and
action is necessary or appropriate in the BILLING CODE 8011–01–P
printing in the Commission’s Public
public interest, for the protection of
investors, or otherwise in furtherance of Reference Room, 100 F Street NE.,
the purposes of the Act. If the Washington, DC 20549 on official SECURITIES AND EXCHANGE
Commission takes such action, the business days between the hours of COMMISSION
Commission shall institute proceedings 10:00 a.m. and 3:00 p.m. Copies of such
filing also will be available for [Release No. 34–75150; File No. SR–EDGX–
2015–27]
9 15 U.S.C. 78s(b)(3)(A). inspection and copying at the principal
10 17 CFR 240.19b–4(f)(6)(iii). As required under office of the Exchange. All comments Self-Regulatory Organizations; EDGX
Rule 19b–4(f)(6)(iii), the Exchange provided the received will be posted without change;
Commission with written notice of its intent to file Exchange, Inc.; Notice of Filing and
asabaliauskas on DSK5VPTVN1PROD with NOTICES
the proposed rule change, along with a brief the Commission does not edit personal Immediate Effectiveness of a Proposed
description and the text of the proposed rule identifying information from Rule Change Related to Fees for Use
change, at least five business days prior to the date submissions. You should submit only of EDGX Exchange, Inc.
of filing of the proposed rule change, or such
shorter time as designated by the Commission.
information that you wish to make
available publicly. All submissions June 11, 2015.
11 For purposes only of waiving the 30-day
should refer to File Number SR– Pursuant to Section 19(b)(1) of the
operative delay, the Commission has also
considered the proposed rule’s impact on Securities Exchange Act of 1934 (the
NYSEMKT–2015–42, and should be
efficiency, competition, and capital formation. See
15 U.S.C. 78c(f). submitted on or before July 8, 2015. 12 17 CFR 200.30–3(a)(12).
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Document Created: 2015-12-15 14:23:20
Document Modified: 2015-12-15 14:23:20
| Category | Regulatory Information | |
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| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
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| FR Citation | 80 FR 34770 |
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