81 FR 46744 - Equity Market Structure Advisory Committee

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 81, Issue 137 (July 18, 2016)

Page Range		46744-46745
FR Document		2016-16892

The Securities and Exchange Commission Equity Market Structure Advisory Committee is providing notice that it will hold a public meeting on Tuesday, August 2, 2016, in Multi-Purpose Room LL-006 at the Commission's headquarters, 100 F Street NE., Washington, DC. The meeting will begin at 9:30 a.m. (EDT) and will be open to the public. The public portions of the meeting will be webcast on the Commission's Web site at www.sec.gov. Persons needing special accommodations to take part because of a disability should notify the contact person listed below. The public is invited to submit written statements to the Committee. The meeting will focus on updates and potential recommendations from the four subcommittees.

Federal Register, Volume 81 Issue 137 (Monday, July 18, 2016)

[Federal Register Volume 81, Number 137 (Monday, July 18, 2016)]
[Notices]
[Pages 46744-46745]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-16892]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-78308; File No. 265-29]


Equity Market Structure Advisory Committee

AGENCY: Securities and Exchange Commission.

ACTION: Notice of Meeting.

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SUMMARY: The Securities and Exchange Commission Equity Market Structure 
Advisory Committee is providing notice that it will hold a public 
meeting on Tuesday, August 2, 2016, in Multi-Purpose Room LL-006 at the 
Commission's headquarters, 100 F Street NE., Washington, DC. The 
meeting will begin at 9:30 a.m. (EDT) and will be open to the public. 
The public portions of the meeting will be webcast on the Commission's 
Web site at www.sec.gov. Persons needing special accommodations to take 
part because of a disability should notify the contact person listed 
below. The public is invited to submit written statements to the 
Committee. The meeting will focus on updates and potential 
recommendations from the four subcommittees.

DATES: The public meeting will be held on Tuesday, August 2, 2016. 
Written statements should be received on or before July 27, 2016.

ADDRESSES: The meeting will be held at the Commission's headquarters, 
100 F Street NE., Washington, DC. Written statements may be submitted 
by any of the following methods:

Electronic Statements

     Use the Commission's Internet submission form (http://www.sec.gov/rules/other.shtml); or
     Send an email message to [email protected]. Please 
include File Number 265-29 on the subject line; or

Paper Statements

     Send paper statements in triplicate to Brent J. Fields, 
Federal Advisory Committee Management Officer, Securities and Exchange 
Commission, 100 F Street NE., Washington, DC 20549-1090.

All submissions should refer to File No. 265-29. This file number 
should be included on the subject line if email is used. To help us 
process and review your statement more efficiently, please use only one 
method. The Commission will post all statements on the Commission's 
Internet Web site at SEC Web site at (http://www.sec.gov/comments/265-29/265-29.shtml).
    Statements also will be available for Web site viewing and printing 
in the

[[Page 46745]]

Commission's Public Reference Room, 100 F Street NE., Room 1580, 
Washington, DC 20549, on official business days between the hours of 
10:00 a.m. and 3:00 p.m. All statements received will be posted without 
change; we do not edit personal identifying information from 
submissions. You should submit only information that you wish to make 
available publicly.

FOR FURTHER INFORMATION CONTACT: Arisa Tinaves Kettig, Special Counsel, 
at (202) 551-5676, Division of Trading and Markets, Securities and 
Exchange Commission, 100 F Street NE., Washington, DC 20549-7010.

SUPPLEMENTARY INFORMATION: In accordance with section 10(a) of the 
Federal Advisory Committee Act, 5 U.S.C. App. 1, and the regulations 
thereunder, Stephen Luparello, Designated Federal Officer of the 
Committee, has ordered publication of this notice.

    Dated: July 13, 2016.
Brent J. Fields,
Committee Management Officer.
[FR Doc. 2016-16892 Filed 7-15-16; 8:45 am]
BILLING CODE 8011-01-P

46744 Federal Register / Vol. 81, No. 137 / Monday, July 18, 2016 / Notices

operative for 30 days from the date on change is consistent with the Act. SECURITIES AND EXCHANGE
which it was filed, or such shorter time Comments may be submitted by any of COMMISSION
as the Commission may designate, it has the following methods:
[Release No. 34–78308; File No. 265–29]
become effective pursuant to Section
19(b)(3)(A)(iii) of the Act 22 and Electronic Comments
Equity Market Structure Advisory
subparagraph (f)(6) of Rule 19b–4 • Use the Commission’s Internet Committee
thereunder.23 comment form (http://www.sec.gov/
A proposed rule change filed under AGENCY: Securities and Exchange
rules/sro.shtml); or Commission.
Rule 19b–4(f)(6) normally does not
become operative for 30 days from the • Send an email to rule-comments@ ACTION: Notice of Meeting.
date of filing. However, Rule 19b– sec.gov. Please include File Number SR–
4(f)(6)(iii) 24 permits the Commission to BX–2016–040 on the subject line. SUMMARY: The Securities and Exchange
designate a shorter time if such action Commission Equity Market Structure
Paper Comments Advisory Committee is providing notice
is consistent with the protection of
that it will hold a public meeting on
investors and the public interest. The • Send paper comments in triplicate
Tuesday, August 2, 2016, in Multi-
Exchange has asked the Commission to to Secretary, Securities and Exchange
Purpose Room LL–006 at the
waive the 30-day operative delay so that Commission, 100 F Street NE., Commission’s headquarters, 100 F
it may immediately offer the proposed Washington, DC 20549–1090. Street NE., Washington, DC. The
risk protection feature. The Commission
All submissions should refer to File meeting will begin at 9:30 a.m. (EDT)
believes that waiving the 30-day
Number SR–BX–2016–040. This file and will be open to the public. The
operative delay is consistent with the
number should be included on the public portions of the meeting will be
protection of investors and the public
subject line if email is used. To help the webcast on the Commission’s Web site
interest. The Exchange proposes to at www.sec.gov. Persons needing special
adopt a functionality designed to assist Commission process and review your
comments more efficiently, please use accommodations to take part because of
BX Participants with managing certain a disability should notify the contact
risks in the event that a BX Participant only one method. The Commission will
post all comments on the Commission’s person listed below. The public is
loses communication with its FIX or invited to submit written statements to
SQF Ports due to a loss of connectivity. Internet Web site (http://www.sec.gov/
rules/sro.shtml). Copies of the the Committee. The meeting will focus
The Commission notes that two other on updates and potential
options exchanges currently have submission, all subsequent
recommendations from the four
similar risk protection functionalities amendments, all written statements
subcommittees.
for their members.25 Therefore, the with respect to the proposed rule
Commission hereby waives the 30-day change that are filed with the DATES: The public meeting will be held
operative delay and designates the Commission, and all written on Tuesday, August 2, 2016. Written
proposal operative upon filing.26 At any communications relating to the statements should be received on or
time within 60 days of the filing of the proposed rule change between the before July 27, 2016.
proposed rule change, the Commission Commission and any person, other than ADDRESSES: The meeting will be held at
summarily may temporarily suspend those that may be withheld from the the Commission’s headquarters, 100 F
such rule change if it appears to the public in accordance with the Street NE., Washington, DC. Written
Commission that such action is provisions of 5 U.S.C. 552, will be statements may be submitted by any of
necessary or appropriate in the public available for Web site viewing and the following methods:
interest, for the protection of investors, printing in the Commission’s Public Electronic Statements
or otherwise in furtherance of the Reference Room, 100 F Street NE.,
Washington, DC 20549, on official • Use the Commission’s Internet
purposes of the Act. If the Commission
submission form (http://www.sec.gov/
takes such action, the Commission shall business days between the hours of
rules/other.shtml); or
institute proceedings to determine 10:00 a.m. and 3:00 p.m. Copies of the • Send an email message to rule-
whether the proposed rule should be filing also will be available for comments@sec.gov. Please include File
approved or disapproved. inspection and copying at the principal Number 265–29 on the subject line; or
office of the Exchange. All comments
IV. Solicitation of Comments Paper Statements
received will be posted without change;
Interested persons are invited to the Commission does not edit personal • Send paper statements in triplicate
submit written data, views, and identifying information from to Brent J. Fields, Federal Advisory
arguments concerning the foregoing, submissions. You should submit only Committee Management Officer,
including whether the proposed rule information that you wish to make Securities and Exchange Commission,
available publicly. All submissions 100 F Street NE., Washington, DC
22 15 U.S.C. 78s(b)(3)(a)(iii).
23 17
should refer to File Number SR–BX– 20549–1090.
CFR 240.19b–4(f)(6). In addition, Rule 19b–
4(f)(6) requires a self-regulatory organization to give
2016–040 and should be submitted on All submissions should refer to File No.
the Commission written notice of its intent to file or before August 8, 2016. 265–29. This file number should be
the proposed rule change at least five business days included on the subject line if email is
prior to the date of filing of the proposed rule
For the Commission, by the Division of
used. To help us process and review
asabaliauskas on DSK3SPTVN1PROD with NOTICES

change, or such shorter time as designated by the Trading and Markets, pursuant to delegated
Commission. The Exchange has satisfied this authority.27 your statement more efficiently, please
requirement. Robert W. Errett, use only one method. The Commission
24 17 CFR 240.19b–4(f)(6)(iii).
will post all statements on the
25 See BOX Rule 8140 and CBOE Rule 6.23C. Deputy Secretary.
Commission’s Internet Web site at SEC
26 For purposes only of waiving the 30-day [FR Doc. 2016–16857 Filed 7–15–16; 8:45 am]
Web site at (http://www.sec.gov/
operative delay, the Commission has also
considered the proposed rule’s impact on
BILLING CODE 8011–01–P comments/265-29/265-29.shtml).
efficiency, competition, and capital formation. See Statements also will be available for
15 U.S.C. 78c(f). 27 17 CFR 200.30–3(a)(12). Web site viewing and printing in the

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Federal Register / Vol. 81, No. 137 / Monday, July 18, 2016 / Notices 46745

Commission’s Public Reference Room, I. Self-Regulatory Organization’s Exchange proposes to amend Rule
100 F Street NE., Room 1580, Statement of the Terms of Substance of 11.26(a) to include IEX by stating it will
Washington, DC 20549, on official the Proposed Rule Change utilize IEX market data from the CQS/
business days between the hours of The Exchange filed a proposal to UQDF for purposes of order handling,
10:00 a.m. and 3:00 p.m. All statements update Rule 11.26(a) regarding the routing, and related compliance
received will be posted without change; public disclosure of the sources of data processes.
we do not edit personal identifying that the Exchange utilizes when 2. Statutory Basis
information from submissions. You performing: (i) Order handling; (ii) order
routing; and (iii) related compliance The Exchange believes that the
should submit only information that
processes to reflect the operation of the proposed rule change is consistent with
you wish to make available publicly. section 6(b) of the Act,7 in general, and
Investors Exchange LLC (‘‘IEX’’) as a
FOR FURTHER INFORMATION CONTACT: registered national securities exchange 3 furthers the objectives of section 6(b)(5)
Arisa Tinaves Kettig, Special Counsel, at beginning on August 19, 2016.4 of the Act,8 in particular, in that it is
(202) 551–5676, Division of Trading and The text of the proposed rule change designed to prevent fraudulent and
Markets, Securities and Exchange is available at the Exchange’s Web site manipulative acts and practices, to
Commission, 100 F Street NE., at www.batstrading.com, at the promote just and equitable principles of
Washington, DC 20549–7010. principal office of the Exchange, and at trade, to foster cooperation and
the Commission’s Public Reference coordination with persons engaged in
SUPPLEMENTARY INFORMATION: In regulating, clearing, settling, processing
Room.
accordance with section 10(a) of the information with respect to, and
Federal Advisory Committee Act, 5 II. Self-Regulatory Organization’s facilitating transactions in securities, to
U.S.C. App. 1, and the regulations Statement of the Purpose of, and remove impediments to and perfect the
thereunder, Stephen Luparello, Statutory Basis for, the Proposed Rule mechanism of a free and open market
Designated Federal Officer of the Change and a national market system, and, in
Committee, has ordered publication of In its filing with the Commission, the general, to protect investors and the
this notice. Exchange included statements public interest.
concerning the purpose of and basis for The Exchange believes that its
Dated: July 13, 2016.
the proposed rule change and discussed proposal to update Exchange Rule
Brent J. Fields, any comments it received on the 11.26(a) to include IEX will ensure that
Committee Management Officer. proposed rule change. The text of these the rule correctly identifies and publicly
[FR Doc. 2016–16892 Filed 7–15–16; 8:45 am] statements may be examined at the states on a market-by-market basis all of
BILLING CODE 8011–01–P places specified in Item IV below. The the specific network processor and
Exchange has prepared summaries, set proprietary data feeds that the Exchange
forth in sections A, B, and C below, of utilizes for the handling, routing, and
SECURITIES AND EXCHANGE the most significant parts of such execution of orders, and for performing
COMMISSION statements. the regulatory compliance checks
related to each of those functions. The
A. Self-Regulatory Organization’s
[Release No. 34–78302; File No. SR– proposed rule change also removes
Statement of the Purpose of, and
BatsBYX–2016–18] impediments to and perfects the
Statutory Basis for, the Proposed Rule
mechanism of a free and open market
Change
Self-Regulatory Organizations; Bats and protects investors and the public
BYX Exchange, Inc.; Notice of Filing 1. Purpose interest because it provides additional
and Immediate Effectiveness of a On June 17, 2016, the Commission specificity, clarity and transparency.
Proposed Rule Change to BYX Rule approved IEX’s application to register as B. Self-Regulatory Organization’s
11.26(a), Stating it Will Utilize IEX a national securities exchange.5 As part Statement on Burden on Competition
Market Data From the CQS/UQDF for of its transition to exchange status, IEX
announced that it will commence a The Exchange believes its proposed
Purposes of Order Handling, Routing, rule change would not impose any
and Related Compliance Processes symbol-by-symbol roll-out on August
19, 2016, concluding on September 2, burden on competition that is not
July 12, 2016. 2016.6 The Exchange, therefore, necessary or appropriate in furtherance
proposes to update Rule 11.26(a) of the purposes of the Act. To the
Pursuant to section 19(b)(1) of the contrary, the Exchange believes the
regarding the public disclosure of the
Securities Exchange Act of 1934 (the proposal would enhance competition
sources of data that the Exchange
‘‘Act’’),1 and Rule 19b–4 thereunder,2 because including all of the exchanges
utilizes when performing: (i) Order
notice is hereby given that on July 5, handling; (ii) order routing; and (iii) enhances transparency and enables
2016, Bats BYX Exchange, Inc. (the related compliance processes to reflect investors to better assess the quality of
‘‘Exchange’’ or ‘‘BYX’’) filed with the the operation of IEX as a registered the Exchange’s execution and routing
Securities and Exchange Commission national securities exchange beginning services.
(‘‘Commission’’) the proposed rule on August 19, 2016. Specifically, the C. Self-Regulatory Organization’s
change as described in Items I, II, and Statement on Comments on the
asabaliauskas on DSK3SPTVN1PROD with NOTICES

III below, which Items have been 3 See Securities Exchange Act Release No. 78101
Proposed Rule Change Received From
prepared by the Exchange. The (June 17, 2016), 81 FR 41141 (June 23, 2016) (‘‘IEX
Approval Order’’). Members, Participants or Others
Commission is publishing this notice to 4 See Letter from Brad Katsuyama, CEO, IEX, to
The Exchange has not solicited, and
solicit comments on the proposed rule IEX’s Sell-Side and Buy-Side Partners, dated June does not intend to solicit, comments on
change from interested persons. 17, 2016 (https://www.iextrading.com/) (stating that
IEX will commence a symbol-by-symbol roll-out on this proposed rule change. The
August 19, 2016, concluding on September 2, 2016).
1 15 U.S.C. 78s(b)(1). 5 See supra note 3. 7 15 U.S.C. 78f.
2 17 CFR 240.19b–4. 6 See supra note 4. 8 15 U.S.C. 78f(b)(5).

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Document Created: 2016-07-16 02:28:33
Document Modified: 2016-07-16 02:28:33

Category		Regulatory Information
Collection		Federal Register
sudoc Class		AE 2.7: GS 4.107: AE 2.106:
Publisher		Office of the Federal Register, National Archives and Records Administration
Section		Notices
Action		Notice of Meeting.
Dates		The public meeting will be held on Tuesday, August 2, 2016. Written statements should be received on or before July 27, 2016.
Contact		Arisa Tinaves Kettig, Special Counsel, at (202) 551-5676, Division of Trading and Markets, Securities and Exchange Commission, 100 F Street NE., Washington, DC 20549-7010.
FR Citation		81 FR 46744