81 FR 63238 - MIAX PEARL, LLC; Notice of Filing of Application for Registration as a National Securities Exchange Under Section 6 of the Securities Exchange Act of 1934

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 81, Issue 178 (September 14, 2016)

[Federal Register Volume 81, Number 178 (Wednesday, September 14, 2016)]
[Notices]
[Page 63238]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-22034]



[[Page 63238]]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-78793; File No. 10-227]


MIAX PEARL, LLC; Notice of Filing of Application for Registration 
as a National Securities Exchange Under Section 6 of the Securities 
Exchange Act of 1934

September 8, 2016.
    On August 12, 2016, MIAX PEARL, LLC (``PEARL'' or ``Applicant'') 
submitted to the Securities and Exchange Commission (``Commission'') a 
Form 1 application under the Securities Exchange Act of 1934 
(``Exchange Act''), seeking registration as a national securities 
exchange under Section 6 of the Exchange Act.
    The Commission is publishing this notice to solicit comments on 
PEARL's Form 1 application. The Commission will take any comments it 
receives into consideration in making its determination about whether 
to grant PEARL's application to be registered as a national securities 
exchange. The Commission will grant the registration if it finds that 
the requirements of the Exchange Act and the rules and regulations 
thereunder with respect to PEARL are satisfied.\1\
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    \1\ 15 U.S.C. 78s(a).
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    The Applicant's Form 1 application provides detailed information on 
how PEARL proposes to satisfy the requirements of the Exchange Act. The 
Form 1 application provides that PEARL would operate a fully automated 
electronic trading platform for the trading of listed options and would 
not maintain a physical trading floor. It also provides that liquidity 
would be derived from orders to buy and orders to sell submitted to 
PEARL electronically by its registered broker-dealer members, as well 
as from quotes submitted electronically by member market makers. 
Further, PEARL is wholly-owned by its parent company, Miami 
International Holdings, Inc. (``Miami Holdings''), which is also the 
parent company of an existing national securities exchange, Miami 
International Securities Exchange, LLC.
    A more detailed description of the manner of operation of PEARL's 
proposed system can be found in Exhibit E to PEARL's Form 1 
application. The proposed rulebook for the proposed exchange can be 
found in Exhibit B to PEARL's Form 1 application, and the governing 
documents for both PEARL and Miami Holdings can be found in Exhibit A 
and Exhibit C to PEARL's Form 1 application, respectively. A listing of 
the officers and directors of PEARL can be found in Exhibit J to 
PEARL's Form 1 application.
    PEARL's Form 1 application, including all of the Exhibits 
referenced above, is available online at www.sec.gov/rules/other.shtml 
as well as in the Commission's Public Reference Room. Interested 
persons are invited to submit written data, views, and arguments 
concerning PEARL's Form 1, including whether the application is 
consistent with the Exchange Act.
    Comments may be submitted by any of the following methods:

Electronic Comments

     Use the Commission's Internet comment form (http://www.sec.gov/rules/sro.shtml); or
     Send an email to [email protected]. Please include 
File Number 10-227 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 10-227. 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/other.shtml). 
Copies of the submission, all subsequent amendments, all written 
statements with respect to PEARL's Form 1 filed with the Commission, 
and all written communications relating to the application 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. 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 publicly available. All 
submissions should refer to File Number 10-227 and should be submitted 
on or before October 31, 2016.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\2\
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    \2\ 17 CFR 200.30-3(a)(71)(i).
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Brent J. Fields,
Secretary.
[FR Doc. 2016-22034 Filed 9-13-16; 8:45 am]
 BILLING CODE 8011-01-P