81 FR 62942 - Self-Regulatory Organizations; Miami International Securities Exchange LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Its Fee Schedule
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 81, Issue 177 (September 13, 2016)
Federal Register Volume 81, Issue 177 (September 13, 2016)
| Page Range | 62942-62944 | |
| FR Document | 2016-21913 |
[Federal Register Volume 81, Number 177 (Tuesday, September 13, 2016)] [Notices] [Pages 62942-62944] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2016-21913] ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION [Release No. 34-78781; File No. SR-MIAX-2016-30] Self-Regulatory Organizations; Miami International Securities Exchange LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Its Fee Schedule September 7, 2016. Pursuant to the provisions of Section 19(b)(1) of the Securities Exchange Act of 1934 (``Act''),\1\ and Rule 19b-4 thereunder,\2\ notice is hereby given that on August 25, 2016, Miami International Securities Exchange LLC (``MIAX'' or ``Exchange'') filed with the Securities and Exchange Commission (``Commission'') a proposed rule change as described in Items I, II, and III below, which Items have been prepared by the Exchange. 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\ 17 CFR 240.19b-4. --------------------------------------------------------------------------- I. Self-Regulatory Organization's Statement of the Terms of Substance of the Proposed Rule Change The Exchange is filing a proposal to amend the MIAX Options Fee Schedule (the ``Fee Schedule''). The text of the proposed rule change is available on the Exchange's Web site at http://www.miaxoptions.com/filter/wotitle/rule_filing, at MIAX's principal office, 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 Exchange 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 these 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 aspects 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 is proposing to modify the current list of options for which the Exchange assesses the $0.12 per contract Posted Liquidity Marketing Fee (described below), which applies to options overlying DIA, EEM, FB, GDX, GLD, IWM, QQQ, SLV, SPY, USO, UVXY, and VXX (the ``designated symbols''), as listed in the Fee Schedule. The Exchange is also proposing to modify the current list of designated symbols for which the Exchange assesses the $0.50 per contract transaction fee applicable to orders executed for the account of non-MIAX market makers in options overlying the designated symbols, and the discounted $0.48 per contract transaction fee with respect to the designated symbols applicable to any Member or its Affiliate that qualifies for Priority Customer Rebate Program volume tiers 3 or higher, as discussed below. The Exchange proposes to remove some of the current designated symbols from both the Posted Liquidity Marketing Fee and the non-MIAX market maker transaction fees beginning with transactions occurring on or after the proposed September 1, 2016 effective date of this proposed rule change, and to continue to assess the Posted Liquidity Marketing Fee and the non-MIAX market maker transaction fees for the remaining symbols for transactions occurring on or after September 1, 2016 and extending through October 31, 2016.\3\ --------------------------------------------------------------------------- \3\ The Commission notes that in August 2016, the Exchange expanded the Posted Liquidity Marketing Fee to include 7 additional symbols. See File No. SR-MIAX-2016-22 (withdrawn) and Securities Exchange Act Release No. 78681 (August 25, 2016), 81 FR 60077 (August 31, 2016) (SR-MIAX-2016-28). In the present filing, MIAX has removed those seven additional symbols effective September 1, 2016. Further, the Exchange has proposed to remove the five original symbols after October 31, 2016, which will result in no symbols being subject to the additional $0.12 per contract Posted Liquidity Marketing Fee. With this change, the Commission notes that net transaction fees for removing liquidity on MIAX that are assessed on market makers (i.e., the transaction fee together with the marketing fee and Posted Liquidity Marketing Fee) will no longer exceed $0.50 per contract in classes in the Penny Pilot Program. --------------------------------------------------------------------------- Posted Liquidity Marketing Fee Marketing Fees are currently assessed on certain transactions of all MIAX Market Makers.\4\ Currently, Section (1)(b) of the Fee Schedule provides that the Exchange will assess a Marketing Fee to all Market Makers for contracts, including mini options, they execute in their assigned classes when the contra-party to the execution is a Priority Customer. MIAX does not assess a Marketing Fee to Market Makers for contracts executed as a PRIME Agency Order, Contra-side Order, Qualified Contingent Cross Order, PRIME Participating Quote or Order, or a PRIME AOC Response in the PRIME Auction, unless it executes against an unrelated order. --------------------------------------------------------------------------- \4\ See MIAX Fee Schedule, Section (1)(b), entitled ``Marketing Fee'' for more detail regarding the Marketing Fee. --------------------------------------------------------------------------- The Exchange assesses an additional $0.12 per contract Posted Liquidity Marketing Fee to all Market Makers for any standard options overlying the designated symbols that Market Makers execute in their assigned class when the contra-party to the execution is a Priority Customer and the Priority Customer order was posted on the MIAX Book at the time of the execution.\5\ The Posted Liquidity Marketing Fee is assessed in addition to the current Marketing Fee of $0.25 per contract for standard options overlying the designated symbols that Market Makers execute in their assigned class when the contra-party to the execution is a Priority Customer.\6\ --------------------------------------------------------------------------- \5\ For a complete description of the Posted Liquidity Marketing Fee, see Securities Exchange Act Release No. 73848 (December 16, 2014), 79 FR 76421 (December 22, 2014) (SR-MIAX-2014-62). \6\ See id. --------------------------------------------------------------------------- [[Page 62943]] The Exchange is proposing to remove options overlying DIA, FB, GDX, SLV, USO, UVXY, and VXX from the current Posted Liquidity Marketing Fee. For transactions that occur on or after September 1, 2016 and extending through October 31, 2016, MIAX will continue to assess the Posted Liquidity Marketing Fee for transactions in options overlying EEM, GLD, IWM, QQQ, and SPY. The Exchange is also proposing to remove options overlying DIA, FB, GDX, SLV, USO, UVXY, and VXX from the list of symbols for which the Exchange assesses a $0.50 per contract transaction fee that currently applies to options overlying the designated symbols executed by non- MIAX market makers, as set forth in Section (1)(a)(ii) of the Fee Schedule at footnote 8 \7\ The Exchange is proposing to continue to assess the $0.50 per contract non-MIAX market maker transaction fee for transactions in in options overlying EEM, GLD, IWM, QQQ, and SPY that occur on or after September 1, 2016 and extending through October 31, 2016. --------------------------------------------------------------------------- \7\ See Securities Exchange Act Release No. 73850 (December 16, 2014), 79 FR 76424 (December 22, 2014) (SR-MIAX-2014-63) (adopting the Posted Liquidity Marketing Fee and $0.50 per contract non-MIAX market maker transaction fee for certain symbols). --------------------------------------------------------------------------- Additionally, with respect to contracts executed by non-MIAX market makers, the Exchange proposes to modify the list of symbols for which the Exchange currently assesses transaction fees to any Member or its Affiliate that qualifies for Priority Customer Rebate Program \8\ volume tier 3 or higher. Members or Affiliates in Priority Customer Rebate Program volume tier 3 or higher are currently assessed a discounted transaction fee of $0.45 per contract for standard options in all options classes except for options overlying the designated symbols, for which Members and their Affiliates are assessed a $0.48 per contract transaction fee. The Exchange is proposing to remove options overlying DIA, FB, GDX, SLV, USO, UVXY, and VXX from the list of designated symbols for which the Exchange assesses the $0.48 per contract transaction fee. The Exchange is proposing to continue to assess the $0.48 per contract transaction fee to Members or Affiliates in Priority Customer Rebate Program volume tier 3 or higher for transactions in in options overlying EEM, GLD, IWM, QQQ, and SPY that occur on or after September 1, 2016 and extending through October 31, 2016. --------------------------------------------------------------------------- \8\ MIAX credits each Member the per contract amount resulting from each Priority Customer order transmitted by that Member which is executed electronically on the Exchange in all multiply-listed option classes (excluding QCC Orders, mini-options, Priority Customer-to-Priority Customer Orders, PRIME AOC Responses, PRIME Contra-side Orders, PRIME Orders for which both the Agency and Contra-side Order are Priority Customers, and executions related to contracts that are routed to one or more exchanges in connection with the Options Order Protection and Locked/Crossed Market Plan referenced in MIAX Rule 1400), provided the Member meets certain percentage thresholds in a month as described in the Priority Customer Rebate Program table. See Fee Schedule, Section (1)(a)(iii). --------------------------------------------------------------------------- The current transaction fee of $0.47 per contract for standard options, discounted to $0.45 per contract for any Member or its Affiliate that qualifies for Priority Customer Rebate Program volume tiers 3 or higher (and $0.045 per contract for mini options) \9\ assessed to non-MIAX market makers will apply to options overlying symbols that are deleted from the designated symbols. The proposed rule change is scheduled to become effective September 1, 2016. --------------------------------------------------------------------------- \9\ See Fee Schedule Section (1)(a)(ii). --------------------------------------------------------------------------- 2. Statutory Basis MIAX believes that its proposed rule change is consistent with Section 6(b) of the Act \10\ in general, and in particular, furthers the objectives of Section 6(b)(4) of the Act,\11\ in that it is an equitable allocation of reasonable dues, fees, and other charges among its Members and other persons using its facilities, and 6(b)(5) of the Act,\12\ 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, to remove impediments to and perfect the mechanisms of a free and open market and a national market system and, in general, to protect investors and the public interest. --------------------------------------------------------------------------- \10\ 15 U.S.C. 78f(b). \11\ 15 U.S.C. 78f(b)(4). \12\ 15 U.S.C. 78f(b)(1) and (b)(5). --------------------------------------------------------------------------- The proposed modification of the Posted Liquidity Marketing Fee is fair, equitable, and not unreasonably discriminatory because it will apply equally to all Market Makers that execute against Priority Customer orders in options overlying the current designated symbols that are resting on the Exchange's Book. All similarly situated Market Makers that execute against Priority Customer orders in options overlying the current designated symbols that are resting on the Exchange's Book are subject to the same marketing fees, and access to the Exchange is offered on terms that are not unfairly discriminatory. Further, the Exchange's proposed modification of the list of symbols for which the Exchange assesses the $0.50 per contract transaction fee for non-MIAX market makers in options overlying the current designated symbols, and the $0.48 per contract transaction fee for Members or Affiliates in Priority Customer Rebate Program volume tier 3 or higher for options overlying the current designated symbols, is reasonable because the fees and the modification of the list of symbols will apply equally to all non-MIAX market makers submitting orders to the Exchange. B. Self-Regulatory Organization's Statement on Burden on Competition The Exchange does not believe that the proposed rule change will result in any burden on competition that is not necessary or appropriate in furtherance of the purposes of the Act. The Exchange notes that it operates in a highly competitive market in which market participants can readily favor competing venues if they deem fee levels at a particular venue to be excessive. In such an environment, the Exchange must continually adjust its fees to remain competitive with other exchanges and to attract order flow to the Exchange. The Exchange believes that the proposed rule change reflects this competitive environment because it applies equally to all similarly situated MIAX participants. C. Self-Regulatory Organization's Statement on Comments on the Proposed Rule Change Received From Members, Participants, or Others Written comments were neither solicited nor received. III. Date of Effectiveness of the Proposed Rule Change and Timing for Commission Action The foregoing rule change has become effective pursuant to Section 19(b)(3)(A)(ii) of the Act,\13\ and Rule 19b-4(f)(2) \14\ thereunder. 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. --------------------------------------------------------------------------- \13\ 15 U.S.C. 78s(b)(3)(A)(ii). \14\ 17 CFR 240.19b-4(f)(2). --------------------------------------------------------------------------- [[Page 62944]] 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-MIAX-2016-30 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-MIAX-2016-30. 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-MIAX-2016-30, and should be submitted on or before October 4, 2016. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.\15\ --------------------------------------------------------------------------- \15\ 17 CFR 200.30-3(a)(12). --------------------------------------------------------------------------- Brent J. Fields, Secretary. [FR Doc. 2016-21913 Filed 9-12-16; 8:45 am] BILLING CODE 8011-01-P
![62942 Federal Register / Vol. 81, No. 177 / Tuesday, September 13, 2016 / Notices
rules/sro.shtml). Copies of the comments on the proposed rule change date of this proposed rule change, and
submission, all subsequent from interested persons. to continue to assess the Posted
amendments, all written statements Liquidity Marketing Fee and the non-
I. Self-Regulatory Organization’s
with respect to the proposed rule MIAX market maker transaction fees for
Statement of the Terms of Substance of
change that are filed with the the remaining symbols for transactions
the Proposed Rule Change occurring on or after September 1, 2016
Commission, and all written
communications relating to the The Exchange is filing a proposal to and extending through October 31,
proposed rule change between the amend the MIAX Options Fee Schedule 2016.3
Commission and any person, other than (the ‘‘Fee Schedule’’).
Posted Liquidity Marketing Fee
those that may be withheld from the The text of the proposed rule change
public in accordance with the is available on the Exchange’s Web site Marketing Fees are currently assessed
provisions of 5 U.S.C. 552, will be at http://www.miaxoptions.com/filter/ on certain transactions of all MIAX
available for Web site viewing and wotitle/rule_filing, at MIAX’s principal Market Makers.4 Currently, Section
printing in the Commission’s Public office, and at the Commission’s Public (1)(b) of the Fee Schedule provides that
Reference Room, 100 F Street NE., Reference Room. the Exchange will assess a Marketing
Washington, DC 20549, on official Fee to all Market Makers for contracts,
II. Self-Regulatory Organization’s including mini options, they execute in
business days between the hours of Statement of the Purpose of, and
10:00 a.m. and 3:00 p.m. Copies of the their assigned classes when the contra-
Statutory Basis for, the Proposed Rule party to the execution is a Priority
filing also will be available for Change
inspection and copying at the principal Customer. MIAX does not assess a
office of the Exchange. All comments In its filing with the Commission, the Marketing Fee to Market Makers for
received will be posted without change; Exchange included statements contracts executed as a PRIME Agency
the Commission does not edit personal concerning the purpose of and basis for Order, Contra-side Order, Qualified
identifying information from the proposed rule change and discussed Contingent Cross Order, PRIME
submissions. You should submit only any comments it received on the Participating Quote or Order, or a
information that you wish to make proposed rule change. The text of these PRIME AOC Response in the PRIME
available publicly. All submissions statements may be examined at the Auction, unless it executes against an
should refer to File Number SR– places specified in Item IV below. The unrelated order.
Exchange has prepared summaries, set The Exchange assesses an additional
NYSEMKT–2016–87 and should be
forth in sections A, B, and C below, of $0.12 per contract Posted Liquidity
submitted on or before October 4, 2016.
the most significant aspects of such Marketing Fee to all Market Makers for
For the Commission, by the Division of any standard options overlying the
Trading and Markets, pursuant to delegated
statements.
designated symbols that Market Makers
authority.15 A. Self-Regulatory Organization’s execute in their assigned class when the
Brent J. Fields, Statement of the Purpose of, and contra-party to the execution is a
Secretary. Statutory Basis for, the Proposed Rule Priority Customer and the Priority
[FR Doc. 2016–21912 Filed 9–12–16; 8:45 am] Change Customer order was posted on the
BILLING CODE 8011–01–P 1. Purpose MIAX Book at the time of the
execution.5 The Posted Liquidity
The Exchange is proposing to modify Marketing Fee is assessed in addition to
SECURITIES AND EXCHANGE the current list of options for which the the current Marketing Fee of $0.25 per
COMMISSION Exchange assesses the $0.12 per contract contract for standard options overlying
Posted Liquidity Marketing Fee the designated symbols that Market
[Release No. 34–78781; File No. SR–MIAX– (described below), which applies to Makers execute in their assigned class
2016–30] options overlying DIA, EEM, FB, GDX, when the contra-party to the execution
Self-Regulatory Organizations; Miami GLD, IWM, QQQ, SLV, SPY, USO, is a Priority Customer.6
International Securities Exchange LLC; UVXY, and VXX (the ‘‘designated
Notice of Filing and Immediate symbols’’), as listed in the Fee Schedule. 3 The Commission notes that in August 2016, the
The Exchange is also proposing to Exchange expanded the Posted Liquidity Marketing
Effectiveness of a Proposed Rule Fee to include 7 additional symbols. See File No.
Change To Amend Its Fee Schedule modify the current list of designated SR–MIAX–2016–22 (withdrawn) and Securities
symbols for which the Exchange Exchange Act Release No. 78681 (August 25, 2016),
September 7, 2016. assesses the $0.50 per contract 81 FR 60077 (August 31, 2016) (SR–MIAX–2016–
Pursuant to the provisions of Section transaction fee applicable to orders 28). In the present filing, MIAX has removed those
seven additional symbols effective September 1,
19(b)(1) of the Securities Exchange Act executed for the account of non-MIAX 2016. Further, the Exchange has proposed to
of 1934 (‘‘Act’’),1 and Rule 19b–4 market makers in options overlying the remove the five original symbols after October 31,
thereunder,2 notice is hereby given that designated symbols, and the discounted 2016, which will result in no symbols being subject
$0.48 per contract transaction fee with to the additional $0.12 per contract Posted
on August 25, 2016, Miami International Liquidity Marketing Fee. With this change, the
Securities Exchange LLC (‘‘MIAX’’ or respect to the designated symbols Commission notes that net transaction fees for
‘‘Exchange’’) filed with the Securities applicable to any Member or its Affiliate removing liquidity on MIAX that are assessed on
and Exchange Commission that qualifies for Priority Customer market makers (i.e., the transaction fee together
Rebate Program volume tiers 3 or with the marketing fee and Posted Liquidity
(‘‘Commission’’) a proposed rule change Marketing Fee) will no longer exceed $0.50 per
as described in Items I, II, and III below, higher, as discussed below. The contract in classes in the Penny Pilot Program.
Lhorne on DSK30JT082PROD with NOTICES
which Items have been prepared by the Exchange proposes to remove some of 4 See MIAX Fee Schedule, Section (1)(b), entitled
Exchange. The Commission is the current designated symbols from ‘‘Marketing Fee’’ for more detail regarding the
publishing this notice to solicit both the Posted Liquidity Marketing Fee Marketing Fee.
5 For a complete description of the Posted
and the non-MIAX market maker
Liquidity Marketing Fee, see Securities Exchange
15 17 CFR 200.30–3(a)(12). transaction fees beginning with Act Release No. 73848 (December 16, 2014), 79 FR
1 15 U.S.C. 78s(b)(1). transactions occurring on or after the 76421 (December 22, 2014) (SR–MIAX–2014–62).
2 17 CFR 240.19b–4. proposed September 1, 2016 effective 6 See id.
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![62944 Federal Register / Vol. 81, No. 177 / Tuesday, September 13, 2016 / Notices
IV. Solicitation of Comments For the Commission, by the Division of SECURITIES AND EXCHANGE
Trading and Markets, pursuant to delegated COMMISSION
Interested persons are invited to authority.15
submit written data, views, and [Release No. 34–78779; File No. SR–
Brent J. Fields, NYSEARCA–2016–127]
arguments concerning the foregoing, Secretary.
including whether the proposed rule Self-Regulatory Organizations; NYSE
[FR Doc. 2016–21913 Filed 9–12–16; 8:45 am]
change is consistent with the Act. Arca, Inc.; Notice of Filing and
BILLING CODE 8011–01–P
Comments may be submitted by any of Immediate Effectiveness of Proposed
the following methods: Rule Change To Amend Rule 6.1(b)(41)
Electronic Comments SECURITIES AND EXCHANGE and Rule 6.4
COMMISSION September 7, 2016.
• Use the Commission’s Internet
Pursuant to Section 19(b)(1) 1 of the
comment form (http://www.sec.gov/ Sunshine Act Meeting Securities Exchange Act of 1934 (the
rules/sro.shtml); or ‘‘Act’’) 2 and Rule 19b–4 thereunder,3
• Send an email to rule-comments@ Notice is hereby given, pursuant to notice is hereby given that, on
sec.gov. Please include File Number SR– the provisions of the Government in the September 6, 2016, NYSE Arca, Inc. (the
MIAX–2016–30 on the subject line. Sunshine Act, Public Law 94–409, that ‘‘Exchange’’ or ‘‘NYSE Arca’’) filed with
the Securities and Exchange the Securities and Exchange
Paper Comments Commission will hold a closed meeting Commission (the ‘‘Commission’’) the
• Send paper comments in triplicate on Thursday, September 15, 2016 at 2 proposed rule change as described in
to Brent J. Fields, Secretary, Securities p.m. Items I and II below, which Items have
Commissioners, Counsel to the been prepared by the self-regulatory
and Exchange Commission, 100 F Street
Commissioners, the Secretary to the organization. The Commission is
NE., Washington, DC 20549–1090.
publishing this notice to solicit
Commission, and recording secretaries
All submissions should refer to File comments on the proposed rule change
will attend the closed meeting. Certain
Number SR–MIAX–2016–30. This file from interested persons.
staff members who have an interest in
number should be included on the the matters also may be present. I. Self-Regulatory Organization’s
subject line if email is used. To help the Statement of the Terms of Substance of
Commission process and review your The General Counsel of the
the Proposed Rule Change
comments more efficiently, please use Commission, or her designee, has
certified that, in her opinion, one or The Exchange proposes to amend
only one method. The Commission will
more of the exemptions set forth in 5 Rule 6.1(b)(41) and Rule 6.4. The
post all comments on the Commission’s proposed rule change is available on the
Internet Web site (http://www.sec.gov/ U.S.C. 552b(c)(3), (5), (7), 9(B) and (10)
and 17 CFR 200.402(a)(3), (a)(5), (a)(7), Exchange’s Web site at www.nyse.com,
rules/sro.shtml). Copies of the at the principal office of the Exchange,
submission, all subsequent (a)(9)(ii) and (a)(10), permit
consideration of the scheduled matter at and at the Commission’s Public
amendments, all written statements Reference Room.
with respect to the proposed rule the closed meeting.
change that are filed with the Commissioner Stein, as duty officer, II. Self-Regulatory Organization’s
Commission, and all written voted to consider the items listed for the Statement of the Purpose of, and
communications relating to the closed meeting in closed session. Statutory Basis for, the Proposed Rule
Change
proposed rule change between the The subject matter of the closed
Commission and any person, other than In its filing with the Commission, the
meeting will be:
those that may be withheld from the self-regulatory organization included
Institution and settlement of statements concerning the purpose of,
public in accordance with the
injunctive actions; and basis for, the proposed rule change
provisions of 5 U.S.C. 552, will be
available for Web site viewing and Institution and settlement of and discussed any comments it received
printing in the Commission’s Public administrative proceedings; and on the proposed rule change. The text
Reference Room, 100 F Street NE., of those statements may be examined at
Other matters relating to enforcement
the places specified in Item IV below.
Washington, DC 20549 on official proceedings.
The Exchange has prepared summaries,
business days between the hours of At times, changes in Commission set forth in sections A, B, and C below,
10:00 a.m. and 3:00 p.m. Copies of such priorities require alterations in the of the most significant parts of such
filing also will be available for scheduling of meeting items. statements.
inspection and copying at the principal
office of the Exchange. All comments For further information and to A. Self-Regulatory Organization’s
received will be posted without change; ascertain what, if any, matters have been Statement of the Purpose of, and the
the Commission does not edit personal added, deleted or postponed, please Statutory Basis for, the Proposed Rule
identifying information from contact Brent J. Fields from the Office of Change
submissions. You should submit only the Secretary at (202) 551–5400.
1. Purpose
information that you wish to make Dated: September 8, 2016.
The purpose of the filing is to amend
available publicly. All submissions
Lhorne on DSK30JT082PROD with NOTICES
Brent J. Fields, Rule 6.1(b)(41) and Rule 6.4, so as to
should refer to File Number SR–MIAX– Secretary. allow the listing and trading of options
2016–30, and should be submitted on or [FR Doc. 2016–22035 Filed 9–9–16; 11:15 am] with Wednesday expirations.
before October 4, 2016. BILLING CODE 8011–01–P
1 15 U.S.C. 78s(b)(1).
2 15 U.S.C. 78a.
15 17 CFR 200.30–3(a)(12). 3 17 CFR 240.19b–4.
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Document Created: 2018-02-09 13:16:43
Document Modified: 2018-02-09 13:16:43
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| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
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