81 FR 24905 - Self-Regulatory Organizations; NYSE MKT LLC; Order Approving a Proposed Rule Change, as Modified by Amendment No. 1, To Establish Procedures for the Allocation of Cages to Co-Located Users, Including the Waiver of Certain Fees, and To Amend the Visitor Security Escort Fee
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 81, Issue 81 (April 27, 2016)
Federal Register Volume 81, Issue 81 (April 27, 2016)
| Page Range | 24905-24907 | |
| FR Document | 2016-09723 |
[Federal Register Volume 81, Number 81 (Wednesday, April 27, 2016)] [Notices] [Pages 24905-24907] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2016-09723] ======================================================================= ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION [Release No. 34-77680; File No. SR-NYSEMKT-2016-17] Self-Regulatory Organizations; NYSE MKT LLC; Order Approving a Proposed Rule Change, as Modified by Amendment No. 1, To Establish Procedures for the Allocation of Cages to Co-Located Users, Including the Waiver of Certain Fees, and To Amend the Visitor Security Escort Fee April 21, 2016. I. Introduction On February 23, 2016 NYSE MKT LLC (``the Exchange'') filed with the Securities and Exchange Commission (``Commission''), pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (``Act'') \1\ and Rule 19b-4 thereunder,\2\ a proposed rule change to establish procedures for the allocation of cages to co-located Users, including the waiver of certain fees, and to amend the visitor security escort fee. On March 1, 2016, the Exchange filed Amendment No. 1 to the proposed rule change. The proposed rule change, as modified by Amendment No. 1, was published for comment in the Federal Register on March 11, 2016.\3\ There were no comments on the proposed rule change. This order approves the proposed rule change, as modified by Amendment No. 1. --------------------------------------------------------------------------- \1\ 15 U.S.C. 78s(b)(1). \2\ 17 CFR 240.19b-4. \3\ See Securities Exchange Act Release No. 34-77304 (March 7, 2016), 81 FR 12981 (``Notice''). Amendment No.1 was included in the Notice and provided certain clarifications, including that that the proposed waiver of fees for two bundles of 24 cross connects, applicable while a User is on the waitlist, would only apply to cross-connects used to connect an individual User's non-contiguous cabinets. --------------------------------------------------------------------------- II. Background and Description of the Proposal, as Modified by Amendment No. 1 The Exchange proposes to establish procedures for the allocation of cages to its co-located Users,\4\ including the waiver of certain fees subject to specified conditions, and to amend the visitor security escort fee.\5\ The Exchange proposes to amend the NYSE MKT Equities Price List (``Price List'') and the NYSE Amex Options Fee Schedule (``Fee Schedule'') to reflect the changes.\6\ --------------------------------------------------------------------------- \4\ For purposes of the Exchange's co-location services, a ``User'' means any market participant that requests to receive co- location services directly from the Exchange. The Exchange provides co-location services to Users from its data center (``Data Center'') in Mahwah, New Jersey. \5\ See Notice, 81 FR at 12981. \6\ See id. --------------------------------------------------------------------------- As more fully set forth in the Notice, the Exchange offers Users the ability to rent cages to house their cabinets in the Data Center,\7\ and historically has offered these cages on a first come/ first serve basis.\8\ The Exchange states that a cage typically is purchased by a User that has several cabinets within the Data Center and wishes to arrange its cabinets contiguously while also enhancing privacy around its cabinets.\9\ The Exchange offers three cage sizes, corresponding to the number of cabinets housed therein, and charges fees for the cages based on the size.\10\ The physical footprint of each cage is greater than that of the cabinets that it houses, as each cage is constructed so as to include aisles around the purchasing User's cabinets, for accessibility and to comply with safety regulations.\11\ In order to offer the cages, the Exchange must have sufficient contiguous open space available for the cage.\12\ --------------------------------------------------------------------------- \7\ See Notice, 81 FR at 12982. A User must have at least two cabinets in the Data Center to purchase a cage. See id. \8\ See Notice, 81 FR at 12982. \9\ See id. \10\ See id. \11\ See id. \12\ See id. --------------------------------------------------------------------------- In 2015, the Exchange determined that to continue to be able to meet its obligation to accommodate demand, and in particular to make available more contiguous, larger spaces for new and existing Users, it would exercise its right to move some Users' equipment within the Data Center (the ``Migration'').\13\ The Exchange established procedures to manage the Migration process, and continues to implement them.\14\ The Exchange states that, notwithstanding the Migration, contiguous open space will still be limited, and may become more limited over time.\15\ --------------------------------------------------------------------------- \13\ See Notice, 81 FR at 12982; see also Securities Exchange Act Release No. 76269 (October 26, 2015), 80 FR 66947 (October 30, 2015) (SR-NYSE-2015-42); Securities Exchange Act Release No. 76268 (October 26, 2015), 80 FR 66944 (October 30, 2015) (SR-NYSEMKT-2015- 70); Securities Exchange Act Release No. 76270 (October 26, 2015), 80 FR 66944 (October 30, 2015) (SR-NYSEArca-2015-85) (collectively ``Migration Filing''). \14\ See Notice, 81 FR at 12982; see also Migration Filing supra note 13. \15\ See Notice, 81 FR at 12982. --------------------------------------------------------------------------- Proposed Cage Allocation Procedure The Exchange has proposed to establish procedures governing the allocation of cages should the currently available open contiguous space in the Data Center be insufficient to house a new cage or if the open contiguous [[Page 24906]] space available is sufficiently limited such that the Exchange cannot both provide new cages and satisfy all User demand for other co- location services.\16\ Specifically, the Exchange proposes that it will place Users seeking new cages on a waitlist: (1) The order of Users on the list will be based on the date the Exchange receives signed orders for the cages from each User; (2) once the list is established, Users, on a rolling basis, will be allocated a cage each time one becomes available; (3) if a cage becomes available and the User that is at the top of the waitlist turns it down because it requested a different size, that User will remain on the waitlist and the cage will be offered to the next User on the list, in order, until a User accepts it; (4) a User that turns down a cage that is the size that it requested will be removed from the waitlist; and (5) if a User requests two cages, that User will be moved to the bottom of the waitlist upon the receipt of its first cage.\17\ --------------------------------------------------------------------------- \16\ See id. \17\ See id. --------------------------------------------------------------------------- In connection with the proposed waitlist procedures, the Exchange further proposes to add General Note 3 to the Price List and Fee Schedule,\18\ to provide that the Exchange would, subject to specified conditions, waive the initial and monthly fee for two bundles of 24 cross connects between a User's non-contiguous cabinets while it is on the waitlist.\19\ Specifically, the initial and monthly charge for two bundles of 24 cross connects will be waived for a User that is waitlisted for a cage for the duration of the waitlist period, provided that the cross connects may only be used to connect the User's non- contiguous cabinets.\20\ The charge will no longer be waived once a User is removed from the waitlist.\21\ In addition, a User that is removed from the waitlist but subsequently requests a cage will be added back to the bottom of the waitlist, provided that, if the User was removed from the waitlist because it turned down a cage that is the size that it requested, it will not receive a second waiver of the charge.\22\ --------------------------------------------------------------------------- \18\ See Notice, 81 FR at 12983. \19\ See id. \20\ See id. \21\ As noted above, a User that turns down a cage because it is not the correct size will remain on the waitlist. A User that requests to be removed or that turns down a cage that is the size that it requested will be removed from the waitlist. See supra note 17 and accompanying text. \22\ See Notice, 81 FR at 12983. --------------------------------------------------------------------------- Visitor Security Escorts The Exchange also proposes to amend its visitor security escort fee. Currently, a User visiting its cabinet(s) in the Data Center is required to pay a $75/hour fee for a security escort.\23\ The Exchange proposes to eliminate this fee for Users visiting their own cage in the Data Center,\24\ and change the fee for those not visiting their own cage from $75/hour to $75/visit.\25\ The Exchange states that a security escort is not needed when a User visits its own cage because that User would have access only to its own cabinets locked within its own cage,\26\ and that User will not have access to the cabinets of other Users or Exchange equipment, which are locked as well.\27\ --------------------------------------------------------------------------- \23\ See id. \24\ See id. The Exchange is also making a technical change to the fee schedule visitor fee to add clarity. See id. \25\ See id. The Exchange stated that many of the escorted visits lasted an hour or less. See id. \26\ See id. \27\ See id. --------------------------------------------------------------------------- III. Discussion and Commission Findings After careful review and consideration of the Exchange's proposal, the Commission finds that the proposed rule change, as modified by Amendment No. 1, is consistent with the requirements of the Act and the rules and regulations thereunder applicable to a national securities exchange.\28\ In particular, the Commission finds that the proposed rule change, as modified by Amendment No. 1, is consistent with Section 6(b)(4) of the Act,\29\ which requires that the rules of a national securities exchange provide for the equitable allocation of reasonable dues, fees and other charges among its members and issuers and other persons using its facilities, and with Section 6(b)(5) of the Act,\30\ which requires, among other things, that the rules of a national securities exchange be 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, and not be designed to permit unfair discrimination between customers, issuers, brokers, or dealers. --------------------------------------------------------------------------- \28\ In approving this proposed rule change, as modified by Amendment No. 1, the Commission has considered the proposed rule's impact on efficiency, competition, and capital formation. See 15 U.S.C. 78c(f). \29\ 15 U.S.C. 78f(b)(4). \30\ 15 U.S.C. 78f(b)(5). --------------------------------------------------------------------------- The Commission believes that the proposed procedures for the allocation of cages to its co-located Users and associated waiver of fees subject to specified conditions are consistent with Sections 6(b)(4) and 6(b)(5) of the Act. In particular, the Commission believes that the proposed cage allocation and waitlist procedures are reasonably designed to assist the Exchange in offering cages to current and future Users in the Data Center on terms that are equitable and not unfairly discriminatory in the event that available open contiguous space in the Data Center is not sufficient to house a newly requested cage or sufficiently limited that the Exchange cannot both provide new cages and satisfy all User demand for other co-location services. The Commission further believes that the proposal to waive the initial and monthly fee for two bundles of 24 cross connects between a User's non- contiguous cabinets while a User is on the waitlist is consistent with the Act. Users can qualify for the fee waiver by requesting a cage and being placed on the waitlist until a cage becomes available to them. Once the Exchange offers the requested size cage to a User through the allocation procedure or when a User is removed from the waitlist, the fee would no longer be waived. In addition, if a User was removed from the waitlist because it turned down a cage that was the size that it requested, it would not receive a second waiver of the charge. The Commission believes that the proposed fee waiver and associated conditions are reasonably designed to alleviate the inconvenience for waitlisted Users of having cabinets in non-contiguous spaces by removing the cost that those Users would otherwise avoid if a cage were available. The Commission also finds the proposed amendments to the visitor security escort fee consistent with Sections 6(b)(4) and 6(b)(5) of the Act. The Exchange represents that a security escort is not needed when a User visits its own cage because that User would have access only to its own cabinets locked within its own cage,\31\ and will not have access to the cabinets of other Users or Exchange equipment, which are locked as well.\32\ In addition, the proposed rate of $75/visit for the visitor security escort would be a fee reduction for any visit that lasted more than an hour, and so it would reduce the burden placed on Users that remain subject to the fee. Therefore, the Commission finds the proposed amendments to the visitor security escort fee to be reasonable, equitable, and not unfairly discriminatory. --------------------------------------------------------------------------- \31\ See supra notes 26-27 and accompanying text. \32\ See id. --------------------------------------------------------------------------- For the foregoing reasons, the Commission finds that the proposed rule change, as modified by Amendment No. 1, is consistent with the Act. [[Page 24907]] VII. Conclusion It is therefore ordered, pursuant to Section 19(b)(2) of the Act,\33\ that the proposed rule change, as modified by Amendment No.1, (File No. SR-NYSEMKT-2016-17) be, and hereby is, approved. --------------------------------------------------------------------------- \33\ 15 U.S.C. 78s(b)(2). For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.\34\ --------------------------------------------------------------------------- \34\ 17 CFR 200.30-3(a)(12). --------------------------------------------------------------------------- Brent J. Fields, Secretary. [FR Doc. 2016-09723 Filed 4-26-16; 8:45 am] BILLING CODE 8011-01-P
![Federal Register / Vol. 81, No. 81 / Wednesday, April 27, 2016 / Notices 24905
2. Title and purpose of information SECURITIES AND EXCHANGE Schedule (‘‘Fee Schedule’’) to reflect the
collection: Voluntary Customer Surveys COMMISSION changes.6
in Accordance with E.O. 12862; OMB As more fully set forth in the Notice,
3220–0192. [Release No. 34–77680; File No. SR–
the Exchange offers Users the ability to
NYSEMKT–2016–17] rent cages to house their cabinets in the
In accordance with Executive Order Data Center,7 and historically has
12862, the Railroad Retirement Board offered these cages on a first come/first
Self-Regulatory Organizations; NYSE
(RRB) conducts a number of customer serve basis.8 The Exchange states that a
MKT LLC; Order Approving a
surveys designed to determine the kinds cage typically is purchased by a User
Proposed Rule Change, as Modified by
and quality of services our beneficiaries, that has several cabinets within the Data
Amendment No. 1, To Establish
claimants, employers and members of Procedures for the Allocation of Cages Center and wishes to arrange its
the public want and expect, as well as to Co-Located Users, Including the cabinets contiguously while also
their satisfaction with existing RRB Waiver of Certain Fees, and To Amend enhancing privacy around its cabinets.9
services. The information collected is the Visitor Security Escort Fee The Exchange offers three cage sizes,
used by RRB management to monitor corresponding to the number of cabinets
customer satisfaction by determining to April 21, 2016. housed therein, and charges fees for the
what extent services are satisfactory and I. Introduction cages based on the size.10 The physical
where and to what extent services can footprint of each cage is greater than
be improved. The surveys are limited to On February 23, 2016 NYSE MKT that of the cabinets that it houses, as
data collections that solicit strictly LLC (‘‘the Exchange’’) filed with the each cage is constructed so as to include
voluntary opinions, and do not collect Securities and Exchange Commission aisles around the purchasing User’s
information which is required or (‘‘Commission’’), pursuant to Section cabinets, for accessibility and to comply
regulated. The information collection, 19(b)(1) of the Securities Exchange Act with safety regulations.11 In order to
of 1934 (‘‘Act’’) 1 and Rule 19b–4 offer the cages, the Exchange must have
which was first approved by the Office
thereunder,2 a proposed rule change to sufficient contiguous open space
of Management and Budget (OMB) in
establish procedures for the allocation available for the cage.12
1997, provides the RRB with a generic In 2015, the Exchange determined
clearance authority. This generic of cages to co-located Users, including
the waiver of certain fees, and to amend that to continue to be able to meet its
authority allows the RRB to submit a obligation to accommodate demand, and
the visitor security escort fee. On March
variety of new or revised customer in particular to make available more
1, 2016, the Exchange filed Amendment
survey instruments (needed to timely contiguous, larger spaces for new and
No. 1 to the proposed rule change. The
implement customer monitoring existing Users, it would exercise its
proposed rule change, as modified by
activities) to the Office of Management Amendment No. 1, was published for right to move some Users’ equipment
and Budget (OMB) for expedited review comment in the Federal Register on within the Data Center (the
and approval. March 11, 2016.3 There were no ‘‘Migration’’).13 The Exchange
The average burden per response for comments on the proposed rule change. established procedures to manage the
customer satisfaction activities is This order approves the proposed rule Migration process, and continues to
estimated to range from 2 minutes for a change, as modified by Amendment No. implement them.14 The Exchange states
Web site questionnaire to 2 hours for 1. that, notwithstanding the Migration,
contiguous open space will still be
participation in a focus group. The RRB II. Background and Description of the limited, and may become more limited
estimates an annual burden of 1,620 Proposal, as Modified by Amendment over time.15
annual respondents totaling 731 hours No. 1
for the generic customer survey Proposed Cage Allocation Procedure
clearance. The Exchange proposes to establish The Exchange has proposed to
Additional Information or Comments: procedures for the allocation of cages to establish procedures governing the
its co-located Users,4 including the allocation of cages should the currently
To request more information or to
waiver of certain fees subject to available open contiguous space in the
obtain a copy of the information
specified conditions, and to amend the Data Center be insufficient to house a
collection justification, forms, and/or
visitor security escort fee.5 The new cage or if the open contiguous
supporting material, contact Dana Exchange proposes to amend the NYSE
Hickman at (312) 751–4981 or MKT Equities Price List (‘‘Price List’’) 6 See id.
Dana.Hickman@RRB.GOV. Comments and the NYSE Amex Options Fee 7 See Notice, 81 FR at 12982. A User must have
regarding the information collection at least two cabinets in the Data Center to purchase
should be addressed to Charles 1 15 U.S.C. 78s(b)(1).
a cage. See id.
8 See Notice, 81 FR at 12982.
Mierzwa, Railroad Retirement Board, 2 17 CFR 240.19b–4. 9 See id.
844 North Rush Street, Chicago, Illinois 3 See Securities Exchange Act Release No. 34–
10 See id.
60611–2092 or emailed to 77304 (March 7, 2016), 81 FR 12981 (‘‘Notice’’).
11 See id.
Amendment No.1 was included in the Notice and
Charles.Mierzwa@RRB.GOV. Written provided certain clarifications, including that that 12 See id.
comments should be received within 60 the proposed waiver of fees for two bundles of 24 13 See Notice, 81 FR at 12982; see also Securities
days of this notice. cross connects, applicable while a User is on the Exchange Act Release No. 76269 (October 26, 2015),
asabaliauskas on DSK3SPTVN1PROD with NOTICES
waitlist, would only apply to cross-connects used 80 FR 66947 (October 30, 2015) (SR–NYSE–2015–
Charles Mierzwa, to connect an individual User’s non-contiguous 42); Securities Exchange Act Release No. 76268
cabinets. (October 26, 2015), 80 FR 66944 (October 30, 2015)
Chief of Information Resources Management. 4 For purposes of the Exchange’s co-location (SR–NYSEMKT–2015–70); Securities Exchange Act
[FR Doc. 2016–09804 Filed 4–26–16; 8:45 am] services, a ‘‘User’’ means any market participant Release No. 76270 (October 26, 2015), 80 FR 66944
BILLING CODE 7905–01–P that requests to receive co-location services directly (October 30, 2015) (SR–NYSEArca–2015–85)
from the Exchange. The Exchange provides co- (collectively ‘‘Migration Filing’’).
location services to Users from its data center 14 See Notice, 81 FR at 12982; see also Migration
(‘‘Data Center’’) in Mahwah, New Jersey. Filing supra note 13.
5 See Notice, 81 FR at 12981. 15 See Notice, 81 FR at 12982.
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![Federal Register / Vol. 81, No. 81 / Wednesday, April 27, 2016 / Notices 24907
VII. Conclusion Section 19(b)(2) of the Act 5 provides (‘‘Commission’’), pursuant to section
that within 45 days of the publication of 19(b)(1) of the Securities Exchange Act
It is therefore ordered, pursuant to notice of the filing of a proposed rule of 1934 (‘‘Act’’) 1 and Rule 19b–4
Section 19(b)(2) of the Act,33 that the change, or within such longer period up thereunder,2 a proposed rule change to
proposed rule change, as modified by to 90 days as the Commission may amend Rule 123C to provide for how the
Amendment No.1, (File No. SR– designate if it finds such longer period Exchange would determine an Official
NYSEMKT–2016–17) be, and hereby is, to be appropriate and publishes its Closing Price if the Exchange is unable
approved. reasons for so finding or as to which the to conduct a closing transaction. The
For the Commission, by the Division of self-regulatory organization consents, proposed rule change was published for
Trading and Markets, pursuant to delegated the Commission shall either approve the comment in the Federal Register on
authority.34 proposed rule change, disapprove the March 11, 2016.3 The Commission has
Brent J. Fields, proposed rule change, or institute received one comment letter on the
Secretary. proceedings to determine whether the proposal.4
[FR Doc. 2016–09723 Filed 4–26–16; 8:45 am] proposed rule change should be Section 19(b)(2) of the Act 5 provides
BILLING CODE 8011–01–P disapproved. The 45th day for this filing that within 45 days of the publication of
is April 25, 2016. notice of the filing of a proposed rule
The Commission is extending the 45- change, or within such longer period up
SECURITIES AND EXCHANGE day time period for Commission action to 90 days as the Commission may
COMMISSION on the proposed rule change. The designate if it finds such longer period
Commission finds that it is appropriate to be appropriate and publishes its
[Release No. 34–77676; File No. SR–
to designate a longer period within reasons for so finding or as to which the
NYSEMKT–2016–31] which to take action on the proposed self-regulatory organization consents,
rule change so that it has sufficient time the Commission shall either approve the
Self-Regulatory Organizations; NYSE to consider and take action on the proposed rule change, disapprove the
MKT LLC; Notice of Designation of Exchange’s proposed rule change. proposed rule change, or institute
Longer Period for Commission Action Accordingly, pursuant to section proceedings to determine whether the
on Proposed Rule Change Amending 19(b)(2)(A)(ii)(I) of the Act 6 and for the proposed rule change should be
Rule 123C–Equities To Provide for reasons stated above, the Commission disapproved. The 45th day for this filing
How the Exchange Would Determine designates June 9, 2016, as the date by is April 25, 2016.
an Official Closing Price if the which the Commission should either
Exchange is Unable To Conduct a approve or disapprove, or institute The Commission is extending the 45-
Closing Transaction proceedings to determine whether to day time period for Commission action
disapprove, the proposed rule change on the proposed rule change. The
April 21, 2016. (File No. SR–NYSEMKT–2016–31). Commission finds that it is appropriate
On February 25, 2016, New York to designate a longer period within
For the Commission, by the Division of
Stock Exchange LLC (‘‘NYSE’’ or the which to take action on the proposed
Trading and Markets, pursuant to delegated
‘‘Exchange’’) filed with the Securities authority.7 rule change so that it has sufficient time
and Exchange Commission to consider and take action on the
Brent J. Fields,
(‘‘Commission’’), pursuant to section Exchange’s proposed rule change.
Secretary.
19(b)(1) of the Securities Exchange Act [FR Doc. 2016–09719 Filed 4–26–16; 8:45 am] Accordingly, pursuant to section
of 1934 (‘‘Act’’) 1 and Rule 19b–4 BILLING CODE 8011–01–P
19(b)(2)(A)(ii)(I) of the Act 6 and for the
thereunder,2 a proposed rule change to reasons stated above, the Commission
amend Rule 123C—Equities to provide designates June 9, 2016, as the date by
for how the Exchange would determine SECURITIES AND EXCHANGE which the Commission should either
an Official Closing Price if the Exchange COMMISSION approve or disapprove, or institute
is unable to conduct a closing proceedings to determine whether to
transaction. The proposed rule change [Release No. 34–77677; File No. SR–NYSE– disapprove, the proposed rule change
was published for comment in the 2016–18] (File No. SR–NYSE–2016–18).
Federal Register on March 11, 2016.3 For the Commission, by the Division of
Self-Regulatory Organizations; New
The Commission has received no Trading and Markets, pursuant to delegated
York Stock Exchange LLC; Notice of
comment letters on the proposal.4 authority.7
Designation of Longer Period for
Commission Action on Proposed Rule Brent J. Fields,
33 15 U.S.C. 78s(b)(2).
34 17
Change Amending Rule 123C To Secretary.
CFR 200.30–3(a)(12).
1 15 U.S.C. 78s(b)(1). Provide for How the Exchange Would [FR Doc. 2016–09720 Filed 4–26–16; 8:45 am]
2 17 CFR 240.19b–4. Determine an Official Closing Price if BILLING CODE 8011–01–P
3 See Securities Exchange Act Release No. 77306 the Exchange is Unable To Conduct a
(March 7, 2016), 81 FR 12986. Closing Transaction 1 15 U.S.C. 78s(b)(1).
4 The Commission notes that a comment letter
2 17 CFR 240.19b–4.
was received on a nearly identical filing for New April 21, 2016.
asabaliauskas on DSK3SPTVN1PROD with NOTICES
3 See Securities Exchange Act Release No. 77305
York Stock Exchange LLC and a similar filing for
On February 25, 2016, New York (March 7, 2016), 81 FR 12977.
The Nasdaq Stock Market LLC. See Letter from 4 See Letter from Theodore R. Lazo, Managing
Theodore R. Lazo, Managing Director and Associate Stock Exchange LLC (‘‘NYSE’’ or the
Director and Associate General Counsel, Securities
General Counsel, Securities Industry and Financial ‘‘Exchange’’) filed with the Securities Industry and Financial Markets Association, to
Markets Association, to Brent J. Fields, Secretary, and Exchange Commission
Commission, dated April 5, 2016. See also Brent J. Fields, Secretary, Commission, dated April
Securities Exchange Act Release Nos. 77305 (March 5, 2016.
5 15 U.S.C. 78s(b)(2). 5 15 U.S.C. 78s(b)(2).
7, 2016), 81 FR 12977 (March 11, 2016) (SR–NYSE–
6 15 U.S.C. 78s(b)(2)(A)(ii)(I). 6 15 U.S.C. 78s(b)(2)(A)(ii)(I).
2016–18) and 77309 (March 7, 2016), 81 FR 13007
(March 11, 2016) (SR–NASDAQ–2016–035). 7 17 CFR 200.30–3(a)(31). 7 17 CFR 200.30–3(a)(31).
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Document Created: 2018-02-07 13:56:06
Document Modified: 2018-02-07 13:56:06
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