81_FR_68272 81 FR 68081 - Sunshine Act Meeting

81 FR 68081 - Sunshine Act Meeting

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 81, Issue 191 (October 3, 2016)

Page Range68081-68081
FR Document2016-23910

Federal Register, Volume 81 Issue 191 (Monday, October 3, 2016)
[Federal Register Volume 81, Number 191 (Monday, October 3, 2016)]
[Notices]
[Page 68081]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-23910]



[[Page 68081]]

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SECURITIES AND EXCHANGE COMMISSION


Sunshine Act Meeting

    Notice is hereby given, pursuant to the provisions of the 
Government in the Sunshine Act, Public Law 94-409, that the Securities 
and Exchange Commission Advisory Committee on Small and Emerging 
Companies will hold a public meeting on Wednesday, October 5, 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. Seating will be on a first-come, first-served basis. Doors will 
open at 9:00 a.m. Visitors will be subject to security checks. The 
meeting will be webcast on the Commission's Web site at www.sec.gov.
    On September 15, 2016, the Commission published notice of the 
Committee meeting (Release No. 33-10208), indicating that the meeting 
is open to the public and inviting the public to submit written 
comments to the Committee. This Sunshine Act notice is being issued 
because a majority of the Commission may attend the meeting.
    The agenda for the meeting includes matters relating to rules and 
regulations affecting small and emerging companies under the federal 
securities laws.
    For further information, please contact Brent J. Fields from the 
Office of the Secretary at (202) 551-5400.

    Dated: September 28, 2016.
Brent J. Fields,
Secretary.
[FR Doc. 2016-23910 Filed 9-29-16; 11:15 am]
 BILLING CODE 8011-01-P



                                                                              Federal Register / Vol. 81, No. 191 / Monday, October 3, 2016 / Notices                                                    68081

                                                SECURITIES AND EXCHANGE                                  Exchange LLC (‘‘IEX’’ or the                          A. Self-Regulatory Organization’s
                                                COMMISSION                                               ‘‘Exchange’’) filed with the Securities               Statement of the Purpose of, and
                                                                                                         and Exchange Commission (the                          Statutory Basis for, the Proposed Rule
                                                Sunshine Act Meeting                                     ‘‘Commission’’) the proposed rule                     Change
                                                   Notice is hereby given, pursuant to                   change as described in Items I and II                 1. Purpose
                                                the provisions of the Government in the                  below, which Items have been prepared
                                                                                                                                                                  Rule 11.380, entitled Risk
                                                Sunshine Act, Public Law 94–409, that                    by the self-regulatory organization. The
                                                                                                                                                               Management, describes the optional
                                                the Securities and Exchange                              Commission is publishing this notice to
                                                                                                                                                               ARC mechanism that is designed to
                                                Commission Advisory Committee on                         solicit comments on the proposed rule                 assist IEX clearing firms 8 in their risk
                                                Small and Emerging Companies will                        change from interested persons.                       management efforts. IEX does not charge
                                                hold a public meeting on Wednesday,                                                                            a fee for use of ARC. As described in the
                                                                                                         I. Self-Regulatory Organization’s
                                                October 5, 2016, in Multi-Purpose Room                                                                         rule, ARC can be configured to provide
                                                LL–006 at the Commission’s                               Statement of the Terms of Substance of
                                                                                                         the Proposed Rule Change                              trading limits based on the gross
                                                headquarters, 100 F Street NE.,                                                                                notional exposure for matched and
                                                Washington, DC.                                             Pursuant to the provisions of Section              routed trades for a clearing firm’s broker
                                                   The meeting will begin at 9:30 a.m.                   19(b)(1) under the Securities Exchange                correspondent across MPIDs, by MPID,
                                                (EDT) and will be open to the public.                                                                          by FIX session or in combination, per
                                                                                                         Act of 1934 (‘‘Act’’),4 and Rule 19b–4
                                                Seating will be on a first-come, first-                                                                        clearing firm relationship. As specified
                                                                                                         thereunder,5 Investors Exchange LLC
                                                served basis. Doors will open at 9:00                                                                          in the rule, ARCs are elected, and the
                                                                                                         (‘‘IEX’’ or ‘‘Exchange’’) is filing with the
                                                a.m. Visitors will be subject to security                                                                      upper value of any limits is set by the
                                                checks. The meeting will be webcast on                   Securities and Exchange Commission
                                                                                                         (‘‘Commission’’) a proposed rule change               clearing firm of a Member. Once the
                                                the Commission’s Web site at                                                                                   gross notional exposure, as elected and
                                                www.sec.gov.                                             to amend Rule 11.380 to provide that
                                                                                                                                                               configured, has exceeded the pre-
                                                   On September 15, 2016, the                            the Aggregate Risk Controls (‘‘ARC’’)
                                                                                                                                                               determined limit, IEX will reject new
                                                Commission published notice of the                       mechanism is available to any IEX
                                                                                                                                                               orders and cancel all open orders for the
                                                Committee meeting (Release No. 33–                       Member as well as to clearing firms for               applicable MPID(s) and/or FIX session
                                                10208), indicating that the meeting is                   their broker correspondent IEX Member                 specified. As specified in paragraph
                                                open to the public and inviting the                      firms, and to specify the manner in                   (a)(3)(A) of Rule 11.380, gross notional
                                                public to submit written comments to                     which Members shall contact IEX to                    exposure is calculated as the absolute
                                                the Committee. This Sunshine Act                         arrange to utilize the ARC mechanism.                 sum of the notional value of all buy and
                                                notice is being issued because a majority                The Exchange has designated this rule                 sell trades (i.e., equal to the value of
                                                of the Commission may attend the                         change as non-controversial under                     executed buys plus the absolute value of
                                                meeting.                                                 Section 19(b)(3)(A) of the Act 6 and                  executed long sells plus the absolute
                                                   The agenda for the meeting includes                   provided the Commission with the                      value of executed short sells). There is
                                                matters relating to rules and regulations                notice required by Rule 19b–4(f)(6)(iii)              no netting of buys and sales in the same
                                                affecting small and emerging companies                   thereunder.7                                          symbol or across symbols. Gross
                                                under the federal securities laws.                                                                             notional exposure resets for each new
                                                   For further information, please                          The text of the proposed rule change
                                                                                                         is available at the Exchange’s Web site               trading day.
                                                contact Brent J. Fields from the Office of                                                                        IEX proposes to revise the rule to
                                                the Secretary at (202) 551–5400.                         at www.iextrading.com, at the principal
                                                                                                                                                               provide that ARC is optionally available
                                                                                                         office of the Exchange, and at the
                                                  Dated: September 28, 2016.                                                                                   to any Member as well as to clearing
                                                                                                         Commission’s Public Reference Room.                   firms for their broker correspondent IEX
                                                Brent J. Fields,
                                                Secretary.                                               II. Self-Regulatory Organization’s                    Member firms. This change will serve to
                                                [FR Doc. 2016–23910 Filed 9–29–16; 11:15 am]             Statement of the Purpose of, and                      clarify that ARC may be used by a
                                                BILLING CODE 8011–01–P                                   Statutory Basis for, the Proposed Rule                clearing firm Member for its own
                                                                                                         Change                                                trading on IEX as well as for its
                                                                                                                                                               correspondent firm customers that are
                                                SECURITIES AND EXCHANGE                                    In its filing with the Commission, the              IEX Members. Because a Member that is
                                                COMMISSION                                               self-regulatory organization included                 self-clearing technically has a ‘‘clearing
                                                                                                         statements concerning the purpose of                  firm relationship’’ with itself, the
                                                [Release No. 34–78945; File No. SR–IEX–                                                                        Exchange believes that the rule already
                                                                                                         and basis for the proposed rule change
                                                2016–15]
                                                                                                         and discussed any comments it received                provides that ARC may be used by a
                                                Self-Regulatory Organizations:                           on the proposed rule change. The text                 clearing firm Member for its own
                                                Investors Exchange LLC; Notice of                        of these statement may be examined at                 trading on IEX. In addition, IEX
                                                Filing and Immediate Effectiveness of                    the places specified in Item IV below.                proposes to amend Rule 11.380 to
                                                Proposed Rule Change Related to                          The self-regulatory organization has                  provide that ARC is available to any
                                                Optional Risk Management Controls                        prepared summaries, set forth in                      Member. Thus, as proposed, ARC may
                                                                                                         Sections A, B, and C below, of the most               be elected by a Member for its own
                                                September 27, 2016.
                                                                                                         significant aspects of such statements.               trading on IEX (whether or not such
                                                   Pursuant to Section 19(b)(1) 1 of the                                                                       Member is self-clearing) as well as by a
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                                                Securities Exchange Act of 1934 (the                                                                           clearing firm Member for its
                                                ‘‘Act’’) 2 and Rule 19b–4 thereunder,3
                                                notice is hereby given that, on                                                                                   8 As described in Rule 11.250(a), a clearing firm

                                                September 22, 2016, the Investors                                                                              is an IEX Member that is a member of a registered
                                                                                                           4 15 U.S.C. 78s(b)(1).                              clearing agency. Pursuant to IEX Rule 2.160(c)(4) an
                                                                                                           5 17
                                                                                                                                                               IEX Member must be a member of a registered
                                                  1 15 U.S.C. 78s(b)(1).                                        CFR 240.19b–4.
                                                                                                                                                               clearing agency or clear transactions executed on
                                                  2 15 U.S.C. 78a.                                         6 15 U.S.C. 78s(b)(3)(A).
                                                                                                                                                               the Exchange through another Member that is a
                                                  3 17 CFR 240.19b–4.                                      7 17 CFR 240.19b–4(f)(6)(iii).                      member of a registered clearing agency.



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Document Created: 2018-02-13 14:11:03
Document Modified: 2018-02-13 14:11:03
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
FR Citation81 FR 68081 

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