80_FR_62063 80 FR 61865 - Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Amending Rule 6.89 To Update a Cross-Reference to Exchange's Recently Revised Rule Regarding Obvious Errors

80 FR 61865 - Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Amending Rule 6.89 To Update a Cross-Reference to Exchange's Recently Revised Rule Regarding Obvious Errors

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 80, Issue 198 (October 14, 2015)

Page Range61865-61866
FR Document2015-26035

Federal Register, Volume 80 Issue 198 (Wednesday, October 14, 2015)
[Federal Register Volume 80, Number 198 (Wednesday, October 14, 2015)]
[Notices]
[Pages 61865-61866]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-26035]



[[Page 61865]]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-76094; File No. SR-NYSEArca-2015-90]


Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing 
and Immediate Effectiveness of Proposed Rule Change Amending Rule 6.89 
To Update a Cross-Reference to Exchange's Recently Revised Rule 
Regarding Obvious Errors

October 7, 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 October 1, 2015, NYSE Arca, Inc. (the ``Exchange'' or 
``NYSE Arca'') 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.
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I. Self-Regulatory Organization's Statement of the Terms of Substance 
of the Proposed Rule Change

    The Exchange proposes to amend Rule 6.89 to update a cross-
reference to Exchange's recently revised rule regarding Obvious Errors. 
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.

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

1. Purpose
    The Exchange proposes to amend Exchange Rule 6.89 (Erroneous Trades 
due to System Disruptions and Malfunctions) to update a cross-reference 
to Exchange's recently revised rule regarding Obvious Errors. 
Specifically, in coordination with other options exchanges, the 
Exchange recently revised Rule 6.87 (Nullification and Adjustment of 
Options Transactions including Obvious Errors) (the ``O/E Rule'') to 
harmonize substantial portions of the Rule with recently adopted, and 
proposed rules of other options Exchanges.\4\ In connection with that 
revision, the Exchange reorganized and re-numbered certain sections of 
the O/E Rule, but inadvertently failed to update a cross-reference to 
the O/E Rule that is contained in Rule 6.89. Specifically, Rule 6.89 
incorrectly refers to guidelines contained in paragraphs 
(a)(3)(C)(A)(i)-(ii) of Rule 6.87, and should refer to paragraph (b) of 
Rule 6.87, in regards to the potential adjustment of ``[e]lectronic or 
open outcry transactions arising out of a `verifiable disruption or 
malfunction' in the use or operation of any Exchange dissemination, 
execution, or communication system.''
---------------------------------------------------------------------------

    \4\ See Securities Exchange Act Release 74921 (May 8, 2015), 80 
FR 27747 (May 14, 2015) (SR-NYSEArca-2015-41).
---------------------------------------------------------------------------

    This rule filing is intended to replace the incorrect reference to 
the O/E Rule with the correct, updated reference, which will clarify 
Exchange rules and alleviate any investor confusion. The proposed 
change will further harmonize the Exchange's rules with those of other 
option exchanges that also reference paragraph (b) in their respective 
rules governing System Disruptions and Malfunctions.\5\ In addition, 
the proposed change would ensure that the Exchange would not be 
prevented from adjusting a trade in the event of a systems disruption, 
which would protect investors and the public interest.
---------------------------------------------------------------------------

    \5\ See MKT Rule 975NY(l). See also Chicago Board Options 
Exchange Rule 6.25, Commentary .05.
---------------------------------------------------------------------------

2. Statutory Basis
    The Exchange believes that the proposed change is consistent with 
Section 6(b) of the Act,\6\ in general, and furthers the objectives of 
Section 6(b)(5),\7\ in particular, in that it is designed to promote 
just and equitable principles of trade, to foster cooperation and 
coordination with persons engaged in regulating, clearing, settling, 
processing information with respect to, and facilitation transactions 
in securities, to remove impediments to, and perfect the mechanism of a 
free and open market and, in general, to protect investors and the 
public interest. Additionally, the Exchange believes the proposed rule 
change is consistent with the Section 6(b)(5) \8\ requirement that the 
rules of an exchange not be designed to permit unfair discrimination 
between customers, issuers, brokers, or dealers.
---------------------------------------------------------------------------

    \6\ 15 U.S.C. 78f(b).
    \7\ 15 U.S.C. 78f(b)(5).
    \8\ Id.
---------------------------------------------------------------------------

    Specifically, the Exchange believes that the proposed rule change 
will remove impediments to and perfect the mechanisms of a free and 
open market by making cross-references contained in Rule 6.89 
consistent with the updated O/E Rule text.\9\ In addition, the proposed 
change would ensure that the Exchange would not be prevented from 
adjusting a trade in the event of a systems disruption, which would 
protect investors and the public interest. The Exchange believes that 
the proposed rule change would provide transparency, internal 
consistency, and operational certainty and may reduce potential 
investor confusion. The Exchange believes additional transparency and 
clarity removes a potential impediment to, and would contribute to 
perfecting, the mechanism for a free and open market and a national 
market system, and, in general, would protect investors and the public 
interest.
---------------------------------------------------------------------------

    \9\ See supra n. 4.
---------------------------------------------------------------------------

B. Self-Regulatory Organization's Statement on Burden on Competition

    The Exchange does not believe that this proposed rule change would 
impose any burden on competition not necessary or appropriate in 
furtherance of the purposes of the Act. The proposed change is not 
designed to address any competitive issue but rather to update cross 
references to the O/E Rule, thereby reducing confusion and making the 
Exchange's rules easier to understand and navigate. The Exchange 
believes that the proposed rule change will serve to promote regulatory 
clarity and consistency, thereby reducing burdens on the marketplace 
and facilitating investor protection.

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.

[[Page 61866]]

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 \10\ and Rule 19b-4(f)(6) 
thereunder.\11\
---------------------------------------------------------------------------

    \10\ 15 U.S.C. 78s(b)(3)(A).
    \11\ 17 CFR 240.19b-4(f)(6). 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 the operative delay will 
permit the Exchange to correct outmoded references without delay, 
thereby promoting clarity in the Exchange rules and reducing potential 
investor confusion. The Commission believes that waiving the 30-day 
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 operative upon 
filing.\12\
---------------------------------------------------------------------------

    \12\ 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 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-NYSEArca-2015-90 on the subject line.

Paper Comments

     Send paper comments in triplicate to Brent J. Fields, 
Secretary, Securities and Exchange Commission, 100 F Street NE., 
Washington, DC 20549-1090.

All submissions should refer to File Number SR-NYSEArca-2015-90. 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-NYSEArca-2015-90, and should 
be submitted on or before November 4, 2015.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\13\
---------------------------------------------------------------------------

    \13\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------

Robert W. Errett,
Deputy Secretary.
[FR Doc. 2015-26035 Filed 10-13-15; 8:45 am]
BILLING CODE 8011-01-P



                                                                        Federal Register / Vol. 80, No. 198 / Wednesday, October 14, 2015 / Notices                                           61865

                                              SECURITIES AND EXCHANGE                                 A. Self-Regulatory Organization’s                     and coordination with persons engaged
                                              COMMISSION                                              Statement of the Purpose of, and                      in regulating, clearing, settling,
                                                                                                      Statutory Basis for, the Proposed Rule                processing information with respect to,
                                              [Release No. 34–76094; File No. SR–                     Change                                                and facilitation transactions in
                                              NYSEArca–2015–90]                                                                                             securities, to remove impediments to,
                                                                                                      1. Purpose
                                                                                                                                                            and perfect the mechanism of a free and
                                                                                                         The Exchange proposes to amend                     open market and, in general, to protect
                                              Self-Regulatory Organizations; NYSE
                                                                                                      Exchange Rule 6.89 (Erroneous Trades                  investors and the public interest.
                                              Arca, Inc.; Notice of Filing and
                                                                                                      due to System Disruptions and                         Additionally, the Exchange believes the
                                              Immediate Effectiveness of Proposed                     Malfunctions) to update a cross-                      proposed rule change is consistent with
                                              Rule Change Amending Rule 6.89 To                       reference to Exchange’s recently revised              the Section 6(b)(5) 8 requirement that
                                              Update a Cross-Reference to                             rule regarding Obvious Errors.                        the rules of an exchange not be designed
                                              Exchange’s Recently Revised Rule                        Specifically, in coordination with other              to permit unfair discrimination between
                                              Regarding Obvious Errors                                options exchanges, the Exchange                       customers, issuers, brokers, or dealers.
                                                                                                      recently revised Rule 6.87 (Nullification                Specifically, the Exchange believes
                                              October 7, 2015.
                                                                                                      and Adjustment of Options Transactions                that the proposed rule change will
                                                 Pursuant to Section 19(b)(1) 1 of the                including Obvious Errors) (the ‘‘O/E                  remove impediments to and perfect the
                                              Securities Exchange Act of 1934 (the                    Rule’’) to harmonize substantial                      mechanisms of a free and open market
                                              ‘‘Act’’) 2 and Rule 19b–4 thereunder,3                  portions of the Rule with recently                    by making cross-references contained in
                                              notice is hereby given that, on October                 adopted, and proposed rules of other                  Rule 6.89 consistent with the updated
                                              1, 2015, NYSE Arca, Inc. (the                           options Exchanges.4 In connection with                O/E Rule text.9 In addition, the
                                              ‘‘Exchange’’ or ‘‘NYSE Arca’’) filed with               that revision, the Exchange reorganized               proposed change would ensure that the
                                              the Securities and Exchange                             and re-numbered certain sections of the               Exchange would not be prevented from
                                              Commission (the ‘‘Commission’’) the                     O/E Rule, but inadvertently failed to                 adjusting a trade in the event of a
                                              proposed rule change as described in                    update a cross-reference to the O/E Rule              systems disruption, which would
                                              Items I and II below, which Items have                  that is contained in Rule 6.89.                       protect investors and the public interest.
                                              been prepared by the self-regulatory                    Specifically, Rule 6.89 incorrectly refers            The Exchange believes that the
                                                                                                      to guidelines contained in paragraphs                 proposed rule change would provide
                                              organization. The Commission is
                                                                                                      (a)(3)(C)(A)(i)–(ii) of Rule 6.87, and                transparency, internal consistency, and
                                              publishing this notice to solicit
                                                                                                      should refer to paragraph (b) of Rule                 operational certainty and may reduce
                                              comments on the proposed rule change                    6.87, in regards to the potential
                                              from interested persons.                                                                                      potential investor confusion. The
                                                                                                      adjustment of ‘‘[e]lectronic or open                  Exchange believes additional
                                              I. Self-Regulatory Organization’s                       outcry transactions arising out of a                  transparency and clarity removes a
                                              Statement of the Terms of Substance of                  ‘verifiable disruption or malfunction’ in             potential impediment to, and would
                                              the Proposed Rule Change                                the use or operation of any Exchange                  contribute to perfecting, the mechanism
                                                                                                      dissemination, execution, or                          for a free and open market and a
                                                The Exchange proposes to amend                        communication system.’’                               national market system, and, in general,
                                              Rule 6.89 to update a cross-reference to                   This rule filing is intended to replace            would protect investors and the public
                                              Exchange’s recently revised rule                        the incorrect reference to the O/E Rule               interest.
                                              regarding Obvious Errors. The text of                   with the correct, updated reference,
                                                                                                      which will clarify Exchange rules and                 B. Self-Regulatory Organization’s
                                              the proposed rule change is available on
                                                                                                      alleviate any investor confusion. The                 Statement on Burden on Competition
                                              the Exchange’s Web site at
                                              www.nyse.com, at the principal office of                proposed change will further harmonize                  The Exchange does not believe that
                                                                                                      the Exchange’s rules with those of other              this proposed rule change would
                                              the Exchange, and at the Commission’s
                                                                                                      option exchanges that also reference                  impose any burden on competition not
                                              Public Reference Room.
                                                                                                      paragraph (b) in their respective rules               necessary or appropriate in furtherance
                                              II. Self-Regulatory Organization’s                      governing System Disruptions and                      of the purposes of the Act. The
                                              Statement of the Purpose of, and                        Malfunctions.5 In addition, the                       proposed change is not designed to
                                              Statutory Basis for, the Proposed Rule                  proposed change would ensure that the                 address any competitive issue but rather
                                              Change                                                  Exchange would not be prevented from                  to update cross references to the O/E
                                                                                                      adjusting a trade in the event of a                   Rule, thereby reducing confusion and
                                                In its filing with the Commission, the                systems disruption, which would                       making the Exchange’s rules easier to
                                              self-regulatory organization included                   protect investors and the public interest.            understand and navigate. The Exchange
                                              statements concerning the purpose of,                                                                         believes that the proposed rule change
                                                                                                      2. Statutory Basis
                                              and basis for, the proposed rule change                                                                       will serve to promote regulatory clarity
                                              and discussed any comments it received                     The Exchange believes that the                     and consistency, thereby reducing
                                              on the proposed rule change. The text                   proposed change is consistent with                    burdens on the marketplace and
                                              of those statements may be examined at                  Section 6(b) of the Act,6 in general, and             facilitating investor protection.
                                              the places specified in Item IV below.                  furthers the objectives of Section
                                                                                                      6(b)(5),7 in particular, in that it is                C. Self-Regulatory Organization’s
                                              The Exchange has prepared summaries,                                                                          Statement on Comments on the
                                                                                                      designed to promote just and equitable
                                              set forth in sections A, B, and C below,                                                                      Proposed Rule Change Received From
                                                                                                      principles of trade, to foster cooperation
                                              of the most significant parts of such                                                                         Members, Participants, or Others
tkelley on DSK3SPTVN1PROD with NOTICES




                                              statements.                                                4 See Securities Exchange Act Release 74921 (May
                                                                                                                                                              No written comments were solicited
                                                                                                      8, 2015), 80 FR 27747 (May 14, 2015) (SR–
                                                                                                      NYSEArca–2015–41).                                    or received with respect to the proposed
                                                                                                         5 See MKT Rule 975NY(l). See also Chicago Board    rule change.
                                                1 15 U.S.C.78s(b)(1).                                 Options Exchange Rule 6.25, Commentary .05.
                                                2 15 U.S.C. 78a.                                         6 15 U.S.C. 78f(b).                                  8 Id.
                                                3 17 CFR 240.19b–4.                                      7 15 U.S.C. 78f(b)(5).                               9 See   supra n. 4.



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                                              61866                     Federal Register / Vol. 80, No. 198 / Wednesday, October 14, 2015 / Notices

                                              III. Date of Effectiveness of the                       Comments may be submitted by any of                   SECURITIES AND EXCHANGE
                                              Proposed Rule Change and Timing for                     the following methods:                                COMMISSION
                                              Commission Action
                                                                                                      Electronic Comments                                   [Release No. 34–76098; File No. SR–MIAX–
                                                 Because the proposed rule change                                                                           2015–58]
                                              does not (i) significantly affect the                     • Use the Commission’s Internet
                                              protection of investors or the public                   comment form (http://www.sec.gov/                     Self-Regulatory Organizations; Miami
                                              interest; (ii) impose any significant                   rules/sro.shtml); or                                  International Securities Exchange LLC;
                                              burden on competition; and (iii) become                   • Send an email to rule-comments@                   Notice of Filing and Immediate
                                              operative for 30 days from the date on                  sec.gov. Please include File Number SR–               Effectiveness of a Proposed Rule
                                              which it was filed, or such shorter time                NYSEArca–2015–90 on the subject line.                 Change to Amend Its Fee Schedule
                                              as the Commission may designate if
                                                                                                      Paper Comments                                        October 7, 2015.
                                              consistent with the protection of
                                              investors and the public interest, the                                                                           Pursuant to the provisions of Section
                                              proposed rule change has become                           • Send paper comments in triplicate                 19(b)(1) of the Securities Exchange Act
                                              effective pursuant to Section 19(b)(3)(A)               to Brent J. Fields, Secretary, Securities             of 1934 (‘‘Act’’) 1 and Rule 19b–4
                                              of the Act 10 and Rule 19b–4(f)(6)                      and Exchange Commission, 100 F Street                 thereunder,2 notice is hereby given that
                                              thereunder.11                                           NE., Washington, DC 20549–1090.                       on September 28, 2015, Miami
                                                 The Exchange has asked the                                                                                 International Securities Exchange LLC
                                                                                                      All submissions should refer to File
                                              Commission to waive the 30-day                                                                                (‘‘MIAX’’ or ‘‘Exchange’’) filed with the
                                                                                                      Number SR–NYSEArca–2015–90. This
                                              operative delay so that the proposal may                                                                      Securities and Exchange Commission
                                                                                                      file number should be included on the
                                              become operative immediately upon                                                                             (‘‘Commission’’) a proposed rule change
                                                                                                      subject line if email is used. To help the            as described in Items I, II, and III below,
                                              filing. The Exchange stated that waiver                 Commission process and review your
                                              of the operative delay will permit the                                                                        which Items have been prepared by the
                                                                                                      comments more efficiently, please use                 Exchange. The Commission is
                                              Exchange to correct outmoded                            only one method. The Commission will
                                              references without delay, thereby                                                                             publishing this notice to solicit
                                                                                                      post all comments on the Commission’s                 comments on the proposed rule change
                                              promoting clarity in the Exchange rules                 Internet Web site (http://www.sec.gov/
                                              and reducing potential investor                                                                               from interested persons.
                                                                                                      rules/sro.shtml). Copies of the
                                              confusion. The Commission believes                      submission, all subsequent                            I. Self-Regulatory Organization’s
                                              that waiving the 30-day operative delay                 amendments, all written statements                    Statement of the Terms of Substance of
                                              is consistent with the protection of                    with respect to the proposed rule                     the Proposed Rule Change
                                              investors and the public interest.                      change that are filed with the                           The Exchange is filing a proposal to
                                              Therefore, the Commission hereby                        Commission, and all written                           amend the MIAX Options Fee Schedule
                                              waives the operative delay and                          communications relating to the                        (the ‘‘Fee Schedule’’). The text of the
                                              designates the proposed rule change                     proposed rule change between the                      proposed rule change is available on the
                                              operative upon filing.12                                Commission and any person, other than                 Exchange’s Web site at http://
                                                 At any time within 60 days of the                    those that may be withheld from the                   www.miaxoptions.com/filter/wotitle/
                                              filing of the proposed rule change, the                 public in accordance with the                         rule_filing, at MIAX’s principal office,
                                              Commission summarily may                                provisions of 5 U.S.C. 552, will be                   and at the Commission’s Public
                                              temporarily suspend such rule change if                 available for Web site viewing and                    Reference Room.
                                              it appears to the Commission that such                  printing in the Commission’s Public
                                              action is necessary or appropriate in the                                                                     II. Self-Regulatory Organization’s
                                                                                                      Reference Room, 100 F Street NE.,
                                              public interest, for the protection of                                                                        Statement of the Purpose of, and
                                                                                                      Washington, DC 20549 on official
                                              investors, or otherwise in furtherance of                                                                     Statutory Basis for, the Proposed Rule
                                                                                                      business days between the hours of
                                              the purposes of the Act. If the                                                                               Change
                                                                                                      10:00 a.m. and 3:00 p.m. Copies of such
                                              Commission takes such action, the                       filing also will be available for                       In its filing with the Commission, the
                                              Commission shall institute proceedings                                                                        Exchange included statements
                                                                                                      inspection and copying at the principal
                                              to determine whether the proposed rule                                                                        concerning the purpose of and basis for
                                                                                                      office of the Exchange. All comments
                                              should be approved or disapproved.                                                                            the proposed rule change and discussed
                                                                                                      received will be posted without change;
                                              IV. Solicitation of Comments                            the Commission does not edit personal                 any comments it received on the
                                                                                                      identifying information from                          proposed rule change. The text of these
                                                Interested persons are invited to                                                                           statements may be examined at the
                                                                                                      submissions. You should submit only
                                              submit written data, views, and                                                                               places specified in Item IV below. The
                                              arguments concerning the foregoing,                     information that you wish to make
                                                                                                      available publicly. All submissions                   Exchange has prepared summaries, set
                                              including whether the proposed rule                                                                           forth in sections A, B, and C below, of
                                              change is consistent with the Act.                      should refer to File Number SR–
                                                                                                      NYSEArca–2015–90, and should be                       the most significant aspects of such
                                                                                                      submitted on or before November 4,                    statements.
                                                10 15  U.S.C. 78s(b)(3)(A).
                                                11 17  CFR 240.19b–4(f)(6). As required under Rule
                                                                                                      2015.                                                 A. Self-Regulatory Organization’s
                                              19b–4(f)(6)(iii), the Exchange provided the               For the Commission, by the Division of              Statement of the Purpose of, and
                                              Commission with written notice of its intent to file                                                          Statutory Basis for, the Proposed Rule
                                                                                                      Trading and Markets, pursuant to delegated
                                              the proposed rule change, along with a brief
                                              description and the text of the proposed rule           authority.13                                          Change
tkelley on DSK3SPTVN1PROD with NOTICES




                                              change, at least five business days prior to the date   Robert W. Errett,
                                              of filing of the proposed rule change, or such
                                                                                                                                                            1. Purpose
                                              shorter time as designated by the Commission.           Deputy Secretary.
                                                                                                                                                              The Exchange proposes to amend its
                                                 12 For purposes only of waiving the 30-day           [FR Doc. 2015–26035 Filed 10–13–15; 8:45 am]
                                                                                                                                                            Fee Schedule to change the transaction
                                              operative delay, the Commission has also                BILLING CODE 8011–01–P
                                              considered the proposed rule’s impact on
                                                                                                                                                              1 15   U.S.C. 78s(b)(1).
                                              efficiency, competition, and capital formation. See
                                              15 U.S.C. 78c(f).                                         13 17   CFR 200.30–3(a)(12).                          2 17   CFR 240.19b–4.



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Document Created: 2018-02-27 08:50:31
Document Modified: 2018-02-27 08:50:31
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
FR Citation80 FR 61865 

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