81 FR 46129 - Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Amending NYSE Arca Rule 3.3 To Delete an Outdated Reference
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 81, Issue 136 (July 15, 2016)
Federal Register Volume 81, Issue 136 (July 15, 2016)
| Page Range | 46129-46130 | |
| FR Document | 2016-16721 |
[Federal Register Volume 81, Number 136 (Friday, July 15, 2016)] [Notices] [Pages 46129-46130] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2016-16721] ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION [Release No. 34-78280; File No. SR-NYSEArca-2016-91] Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Amending NYSE Arca Rule 3.3 To Delete an Outdated Reference July 11, 2016. Pursuant to Section 19(b)(1) \1\ of the Securities Exchange Act of 1934 (the ``Act'' or ``Exchange Act'') \2\ and Rule 19b-4 thereunder,\3\ notice is hereby given that on June 28, 2016, 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 Exchange. The Exchange has designated this proposal as a ``non- controversial'' proposed rule change pursuant to Section 19(b)(3)(A) of the Act \4\ and Rule 19b-4(f)(6)(iii) thereunder,\5\ which renders it effective upon filing with the Commission. 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. \4\ 15 U.S.C. 78s(b)(3)(A). \5\ 17 CFR 240.19b-4(f)(6)(iii). --------------------------------------------------------------------------- I. Self-Regulatory Organization's Statement of the Terms of the Substance of the Proposed Rule Change The Exchange proposes to amend NYSE Arca Rule 3.3 (Board Committees) to delete an outdated reference. 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 NYSE Arca Rule 3.3(a)(1)(B) to delete an outdated reference to ``a director of NYSE Regulation, Inc. that satisfies the Public Director requirements set forth in Section 3.02(a) of the Bylaws of the Exchange.'' In 2015, the Exchange amended, among other rules, Rule 3.3 in order to establish a Regulatory Oversight Committee (``ROC'') as a committee of the SRO Board.\6\ At the time, the Exchange's regulatory functions were performed by NYSE Regulation, Inc. (``NYSE Regulation''), a former subsidiary of the Exchange's affiliate New York Stock Exchange LLC (``NYSE''), pursuant to an intercompany Regulatory Service Agreement (``RSA'').\7\ When the Exchange's ROC was created, Rule 3.3(a)(1)(B) was amended to provide that the ROC would consist of at least three members, each of whom would be a director of either the Exchange or of NYSE Regulation and who satisfied the independence requirements of the Exchange.\8\ --------------------------------------------------------------------------- \6\ See Securities Exchange Act Release No. 75155 (June 11, 2015), 80 FR 34744 (June 17, 2015) (SR-NYSEArca-2015-29) (``NYSE Arca ROC Approval Order''). \7\ See id., at 34744 & n.7; see also Securities Exchange Act Release No. 75991 (September 28, 2015), 80 FR 59837 (October 2, 2015) (SR-NYSE-2015-27). \8\ See NYSE Arca ROC Approval Order, 80 FR at 34744. Article III, Section 3.02(a) of the Exchange's Bylaws requires that at least 50% of the Exchange's directors be public directors, defined as ``persons from the public and [who] will not be, or be affiliated with, a broker-dealer in securities or employed by, or involved in any material business relationship with, the Exchange or its affiliates.'' The Exchange believes that the Bylaw requirements for ``public directors'' establish the Exchange's criteria for director independence, and therefore serve the same purpose as the NYSE and NYSE MKT Independence Policies. See Securities Exchange Act Release Nos. 74824 (April 28, 2015), 80 FR 25347, 25348 n.6 (May 4, 2015) (SR-NYSEArca-2015-29) (``Notice''); NYSE Arca ROC Approval Order, 80 FR at 34744. See also Securities Exchange Act Release No. 67564 (August 1, 2012), 77 FR 47161 (August 7, 2012) (SR-NYSE-2012-17); SR-NYSEArca-2012-59; SR-NYSEMKT-2012-07) (approving NYSE's and NYSE MKT's director independence policy). --------------------------------------------------------------------------- The intercompany RSA terminated on February 16, 2016. As of that date, NYSE Regulation ceased to provide regulatory services to the Exchange, which re-integrated its regulatory functions. NYSE Regulation has also since been merged out of existence. The reference to a director of NYSE Regulation in Rule 3.3 is thus obsolete. The ROC currently consists of Exchange directors that satisfy the Exchange's independence requirements.\9\ To effectuate the proposed change, the Exchange would delete the phrase ``or a director of NYSE Regulation, Inc. that satisfies the Public Director requirements set forth in Section 3.02(a) of the Bylaws of the Exchange'' in Rule 3.3(a)(1)(B). --------------------------------------------------------------------------- \9\ See note 8, supra. --------------------------------------------------------------------------- 2. Statutory Basis The Exchange believes that the proposed rule change is consistent with Section 6(b) of the Exchange Act \10\ in general, and with Section 6(b)(5) \11\ in particular, in that it is designed to prevent fraudulent and manipulative acts and practices, to promote just and equitable principles of trade, to foster cooperation and coordination with persons engaged in facilitating transactions in securities, and to remove impediments to and perfect the mechanism of a free and open market and a national market system and, in general, help to protect investors and the public interest. Specifically, the Exchange believes that replacing the reference to a director of NYSE [[Page 46130]] Regulation in Rule 3.3(a)(1)(B) removes impediments to and perfects the mechanism of a free and open market by removing confusion that may result from having obsolete references in the Exchange's rulebook. The Exchange further believes that the proposal removes impediments to and perfects the mechanism of a free and open market by ensuring that persons subject to the Exchange's jurisdiction, regulators, and the investing public can more easily navigate and understand the Exchange's rulebook. The Exchange believes that eliminating an obsolete reference would not be inconsistent with the public interest and the protection of investors because investors will not be harmed and in fact would benefit from increased transparency, thereby reducing potential confusion. Removing such obsolete references will also further the goal of transparency and add clarity to the Exchange's rules. --------------------------------------------------------------------------- \10\ 15 U.S.C. 78f(b). \11\ 15 U.S.C. 78f(b)(5). --------------------------------------------------------------------------- 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 Exchange Act. The proposed rule change is not intended to address competitive issues but rather to delete obsolete references, thereby increasing transparency, reducing confusion, and making the Exchange's rules easier to understand and navigate. 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 prior to 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 and Rule 19b- 4(f)(6)(iii) thereunder.\12\ --------------------------------------------------------------------------- \12\ In addition, Rule 19b-4(f)(6)(iii) requires the Exchange to give the Commission written notice of the Exchange's intent to file the proposed rule change, along with a brief description and 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 satisfied this requirement. --------------------------------------------------------------------------- A proposed rule change filed under Rule 19b-4(f)(6) \13\ normally does not become operative prior to 30 days after the date of the filing. However, Rule 19b-4(f)(6)(iii) \14\ permits the Commission to designate a shorter time if such action is consistent with the protection of investors and the public interest. 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 states that the proposed rule change benefits persons subject to the Exchange's jurisdiction, regulators, and the investing public by making the Exchange's rulebook easier to navigate and understand by deleting an obsolete reference.\15\ --------------------------------------------------------------------------- \13\ 17 CFR 240.19b-4(f)(6). \14\ 17 CFR 240.19b-4(f)(6)(iii). \15\ See supra Section II.A.2. --------------------------------------------------------------------------- The Commission believes that waiver of the 30-day operative delay is consistent with the protection of investors and the public interest. The proposal will reduce confusion and add clarity to the Exchange's rulebook by removing an outdated reference. Accordingly, the Commission hereby waives the 30-day operative delay and designates the proposed rule change as operative upon filing.\16\ --------------------------------------------------------------------------- \16\ 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 such 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 under Section 19(b)(2)(B)\17\ of the Act to determine whether the proposed rule change should be approved or disapproved. --------------------------------------------------------------------------- \17\ 15 U.S.C. 78s(b)(2)(B). --------------------------------------------------------------------------- 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 [email protected]. Please include File Number SR-NYSEArca-2016-91 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-NYSEArca-2016-91. 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-2016-91, and should be submitted on or before August 5, 2016. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.\18\ Robert W. Errett, Deputy Secretary. --------------------------------------------------------------------------- \18\ 17 CFR 200.30-3(a)(12). --------------------------------------------------------------------------- [FR Doc. 2016-16721 Filed 7-14-16; 8:45 am] BILLING CODE 8011-01-P
![Federal Register / Vol. 81, No. 136 / Friday, July 15, 2016 / Notices 46129
amendments, all written statements of the Act 4 and Rule 19b–4(f)(6)(iii) was created, Rule 3.3(a)(1)(B) was
with respect to the proposed rule thereunder,5 which renders it effective amended to provide that the ROC would
change that are filed with the upon filing with the Commission. The consist of at least three members, each
Commission, and all written Commission is publishing this notice to of whom would be a director of either
communications relating to the solicit comments on the proposed rule the Exchange or of NYSE Regulation
proposed rule change between the change from interested persons. and who satisfied the independence
Commission and any person, other than requirements of the Exchange.8
I. Self-Regulatory Organization’s The intercompany RSA terminated on
those that may be withheld from the
Statement of the Terms of the Substance February 16, 2016. As of that date,
public in accordance with the
of the Proposed Rule Change NYSE Regulation ceased to provide
provisions of 5 U.S.C. 552, will be
available for Web site viewing and The Exchange proposes to amend regulatory services to the Exchange,
printing in the Commission’s Public NYSE Arca Rule 3.3 (Board Committees) which re-integrated its regulatory
Reference Room, 100 F Street NE., to delete an outdated reference. The functions. NYSE Regulation has also
Washington, DC 20549, on official proposed rule change is available on the since been merged out of existence. The
business days between the hours of Exchange’s Web site at www.nyse.com, reference to a director of NYSE
10:00 a.m. and 3:00 p.m. Copies of the at the principal office of the Exchange, Regulation in Rule 3.3 is thus obsolete.
filing also will be available for and at the Commission’s Public The ROC currently consists of Exchange
inspection and copying at the principal Reference Room. directors that satisfy the Exchange’s
office of the Exchange. All comments II. Self-Regulatory Organization’s independence requirements.9 To
received will be posted without change; Statement of the Purpose of, and effectuate the proposed change, the
the Commission does not edit personal Statutory Basis for, the Proposed Rule Exchange would delete the phrase ‘‘or a
identifying information from Change director of NYSE Regulation, Inc. that
submissions. You should submit only satisfies the Public Director
information that you wish to make In its filing with the Commission, the requirements set forth in Section 3.02(a)
available publicly. All submissions self-regulatory organization included of the Bylaws of the Exchange’’ in Rule
should refer to File Number SR–BX– statements concerning the purpose of, 3.3(a)(1)(B).
2016–041 and should be submitted on and basis for, the proposed rule change
and discussed any comments it received 2. Statutory Basis
or before August 5, 2016.
on the proposed rule change. The text The Exchange believes that the
For the Commission, by the Division of of those statements may be examined at
Trading and Markets, pursuant to delegated
proposed rule change is consistent with
authority.7
the places specified in Item IV below. Section 6(b) of the Exchange Act 10 in
The Exchange has prepared summaries, general, and with Section 6(b)(5) 11 in
Robert W. Errett,
set forth in sections A, B, and C below, particular, in that it is designed to
Deputy Secretary. of the most significant parts of such prevent fraudulent and manipulative
[FR Doc. 2016–16719 Filed 7–14–16; 8:45 am] statements. acts and practices, to promote just and
BILLING CODE 8011–01–P
A. Self-Regulatory Organization’s equitable principles of trade, to foster
Statement of the Purpose of, and cooperation and coordination with
Statutory Basis for, the Proposed Rule persons engaged in facilitating
SECURITIES AND EXCHANGE
Change transactions in securities, and to remove
COMMISSION
impediments to and perfect the
[Release No. 34–78280; File No. SR– 1. Purpose mechanism of a free and open market
NYSEArca–2016–91] The Exchange proposes to amend and a national market system and, in
NYSE Arca Rule 3.3(a)(1)(B) to delete an general, help to protect investors and
Self-Regulatory Organizations; NYSE the public interest. Specifically, the
outdated reference to ‘‘a director of
Arca, Inc.; Notice of Filing and Exchange believes that replacing the
NYSE Regulation, Inc. that satisfies the
Immediate Effectiveness of Proposed reference to a director of NYSE
Public Director requirements set forth in
Rule Change Amending NYSE Arca
Section 3.02(a) of the Bylaws of the
Rule 3.3 To Delete an Outdated 2015), 80 FR 59837 (October 2, 2015) (SR–NYSE–
Exchange.’’
Reference 2015–27).
In 2015, the Exchange amended, 8 See NYSE Arca ROC Approval Order, 80 FR at
July 11, 2016. among other rules, Rule 3.3 in order to 34744. Article III, Section 3.02(a) of the Exchange’s
Pursuant to Section 19(b)(1) 1 of the establish a Regulatory Oversight Bylaws requires that at least 50% of the Exchange’s
Securities Exchange Act of 1934 (the Committee (‘‘ROC’’) as a committee of directors be public directors, defined as ‘‘persons
the SRO Board.6 At the time, the from the public and [who] will not be, or be
‘‘Act’’ or ‘‘Exchange Act’’) 2 and Rule affiliated with, a broker-dealer in securities or
19b–4 thereunder,3 notice is hereby Exchange’s regulatory functions were employed by, or involved in any material business
given that on June 28, 2016, NYSE Arca, performed by NYSE Regulation, Inc. relationship with, the Exchange or its affiliates.’’
Inc. (the ‘‘Exchange’’ or ‘‘NYSE Arca’’) (‘‘NYSE Regulation’’), a former The Exchange believes that the Bylaw requirements
for ‘‘public directors’’ establish the Exchange’s
filed with the Securities and Exchange subsidiary of the Exchange’s affiliate criteria for director independence, and therefore
Commission (the ‘‘Commission’’) the New York Stock Exchange LLC serve the same purpose as the NYSE and NYSE
proposed rule change as described in (‘‘NYSE’’), pursuant to an intercompany MKT Independence Policies. See Securities
Items I and II below, which Items have Regulatory Service Agreement Exchange Act Release Nos. 74824 (April 28, 2015),
80 FR 25347, 25348 n.6 (May 4, 2015) (SR–
been prepared by the Exchange. The (‘‘RSA’’).7 When the Exchange’s ROC NYSEArca–2015–29) (‘‘Notice’’); NYSE Arca ROC
sradovich on DSK3GMQ082PROD with NOTICES
Exchange has designated this proposal Approval Order, 80 FR at 34744. See also Securities
4 15
U.S.C. 78s(b)(3)(A).
as a ‘‘non-controversial’’ proposed rule Exchange Act Release No. 67564 (August 1, 2012),
5 17
CFR 240.19b–4(f)(6)(iii). 77 FR 47161 (August 7, 2012) (SR–NYSE–2012–17);
change pursuant to Section 19(b)(3)(A) 6 See Securities Exchange Act Release No. 75155 SR–NYSEArca–2012–59; SR–NYSEMKT–2012–07)
(June 11, 2015), 80 FR 34744 (June 17, 2015) (SR– (approving NYSE’s and NYSE MKT’s director
7 17 CFR 200.30–3(a)(12). independence policy).
NYSEArca–2015–29) (‘‘NYSE Arca ROC Approval
1 15 U.S.C. 78s(b)(1). 9 See note 8, supra.
Order’’).
2 15 U.S.C. 78a. 7 See id., at 34744 & n.7; see also Securities 10 15 U.S.C. 78f(b).
3 17 CFR 240.19b–4. Exchange Act Release No. 75991 (September 28, 11 15 U.S.C. 78f(b)(5).
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![46130 Federal Register / Vol. 81, No. 136 / Friday, July 15, 2016 / Notices
Regulation in Rule 3.3(a)(1)(B) removes A proposed rule change filed under Electronic Comments
impediments to and perfects the Rule 19b–4(f)(6) 13 normally does not
mechanism of a free and open market by become operative prior to 30 days after • Use the Commission’s Internet
removing confusion that may result the date of the filing. However, Rule comment form (http://www.sec.gov/
from having obsolete references in the 19b–4(f)(6)(iii) 14 permits the rules/sro.shtml); or
Exchange’s rulebook. The Exchange Commission to designate a shorter time • Send an email to rule-comments@
further believes that the proposal if such action is consistent with the sec.gov. Please include File Number SR–
removes impediments to and perfects protection of investors and the public NYSEArca–2016–91 on the subject line.
the mechanism of a free and open interest. The Exchange has asked the
market by ensuring that persons subject Commission to waive the 30-day Paper Comments
to the Exchange’s jurisdiction, operative delay so that the proposal may
• Send paper comments in triplicate
regulators, and the investing public can become operative immediately upon
to Secretary, Securities and Exchange
more easily navigate and understand the filing. The Exchange states that the
Exchange’s rulebook. The Exchange proposed rule change benefits persons Commission, 100 F Street NE.,
believes that eliminating an obsolete subject to the Exchange’s jurisdiction, Washington, DC 20549–1090.
reference would not be inconsistent regulators, and the investing public by All submissions should refer to File
with the public interest and the making the Exchange’s rulebook easier Number SR–NYSEArca–2016–91. This
protection of investors because investors to navigate and understand by deleting file number should be included on the
will not be harmed and in fact would an obsolete reference.15 subject line if email is used. To help the
benefit from increased transparency, The Commission believes that waiver Commission process and review your
thereby reducing potential confusion. of the 30-day operative delay is comments more efficiently, please use
Removing such obsolete references will consistent with the protection of only one method. The Commission will
also further the goal of transparency and investors and the public interest. The post all comments on the Commission’s
add clarity to the Exchange’s rules. proposal will reduce confusion and add Internet Web site (http://www.sec.gov/
B. Self-Regulatory Organization’s clarity to the Exchange’s rulebook by rules/sro.shtml). Copies of the
Statement on Burden on Competition removing an outdated reference.
submission, all subsequent
Accordingly, the Commission hereby
The Exchange does not believe that amendments, all written statements
waives the 30-day operative delay and
the proposed rule change will impose designates the proposed rule change as with respect to the proposed rule
any burden on competition that is not operative upon filing.16 change that are filed with the
necessary or appropriate in furtherance Commission, and all written
At any time within 60 days of the
of the purposes of the Exchange Act. communications relating to the
filing of such proposed rule change, the
The proposed rule change is not proposed rule change between the
Commission summarily may
intended to address competitive issues temporarily suspend such rule change if Commission and any person, other than
but rather to delete obsolete references, it appears to the Commission that such those that may be withheld from the
thereby increasing transparency, action is necessary or appropriate in the public in accordance with the
reducing confusion, and making the public interest, for the protection of provisions of 5 U.S.C. 552, will be
Exchange’s rules easier to understand investors, or otherwise in furtherance of available for Web site viewing and
and navigate. the purposes of the Act. If the printing in the Commission’s Public
C. Self-Regulatory Organization’s Commission takes such action, the Reference Room, 100 F Street NE.,
Statement on Comments on the Commission shall institute proceedings Washington, DC 20549 on official
Proposed Rule Change Received From under Section 19(b)(2)(B)17 of the Act to business days between the hours of
Members, Participants, or Others determine whether the proposed rule 10:00 a.m. and 3:00 p.m. Copies of such
change should be approved or filing also will be available for
No written comments were solicited
disapproved. inspection and copying at the principal
or received with respect to the proposed
rule change. IV. Solicitation of Comments office of the Exchange. All comments
received will be posted without change;
III. Date of Effectiveness of the Interested persons are invited to the Commission does not edit personal
Proposed Rule Change and Timing for submit written data, views, and identifying information from
Commission Action arguments concerning the foregoing, submissions. You should submit only
Because the proposed rule change including whether the proposed rule information that you wish to make
does not: (i) Significantly affect the change is consistent with the Act. available publicly. All submissions
protection of investors or the public Comments may be submitted by any of should refer to File Number SR–
interest; (ii) impose any significant the following methods: NYSEArca–2016–91, and should be
burden on competition; and (iii) become submitted on or before August 5, 2016.
operative prior to 30 days from the date change, along with a brief description and text of
the proposed rule change, at least five business days For the Commission, by the Division of
on which it was filed, or such shorter prior to the date of filing of the proposed rule Trading and Markets, pursuant to delegated
time as the Commission may designate, change, or such shorter time as designated by the authority.18
if consistent with the protection of Commission. The Exchange has satisfied this
requirement. Robert W. Errett,
investors and the public interest, the
sradovich on DSK3GMQ082PROD with NOTICES
proposed rule change has become
13 17 CFR 240.19b–4(f)(6).
Deputy Secretary.
14 17 CFR 240.19b–4(f)(6)(iii).
effective pursuant to Section 19(b)(3)(A) 15 See supra Section II.A.2.
[FR Doc. 2016–16721 Filed 7–14–16; 8:45 am]
of the Act and Rule 19b–4(f)(6)(iii) 16 For purposes only of waiving the 30-day BILLING CODE 8011–01–P
thereunder.12 operative delay, the Commission has also
considered the proposed rule’s impact on
12 In addition, Rule 19b–4(f)(6)(iii) requires the efficiency, competition, and capital formation. See
Exchange to give the Commission written notice of 15 U.S.C. 78c(f).
the Exchange’s intent to file the proposed rule 17 15 U.S.C. 78s(b)(2)(B). 18 17 CFR 200.30–3(a)(12).
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Document Created: 2016-07-15 02:53:11
Document Modified: 2016-07-15 02:53:11
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
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| Section | Notices | |
| FR Citation | 81 FR 46129 |
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