81 FR 86369 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Amending Section 907.00 of the Listed Company Manual
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 81, Issue 230 (November 30, 2016)
Federal Register Volume 81, Issue 230 (November 30, 2016)
| Page Range | 86369-86371 | |
| FR Document | 2016-28773 |
[Federal Register Volume 81, Number 230 (Wednesday, November 30, 2016)] [Notices] [Pages 86369-86371] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2016-28773] ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION [Release No. 34-79383; File No. SR-NYSE-2016-77] Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Amending Section 907.00 of the Listed Company Manual November 23, 2016. Pursuant to Section 19(b)(1) \1\ of the Securities Exchange Act of 1934 (the ``Act'') \2\ and Rule 19b-4 thereunder,\3\ notice is hereby given that, on November 10, 2016, New York Stock Exchange LLC (``NYSE'' or the ``Exchange'') 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 self-regulatory organization. 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. --------------------------------------------------------------------------- I. Self-Regulatory Organization's Statement of the Terms of Substance of the Proposed Rule Change The Exchange proposes to amend Section 907.00 of the Listed Company Manual (the ``Manual'') to clarify how it will treat currently listed U.S. issuers and non-U.S. companies who qualify to receive Tier One or Tier Two services as a result of a corporate action completed between October 1 and December 31 of a particular calendar year. 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 the Statutory Basis for, the Proposed Rule Change 1. Purpose Pursuant to Section 907.00 of the Manual, the Exchange offers a suite of complimentary products and services to certain companies currently listed on the Exchange (``Eligible Current Listings''). A company qualifies to receive such complimentary products and services based on the number of shares of common stock in the case of U.S. companies or other equity security in the case of non-U.S. companies that it has outstanding. Presently, the Exchange determines eligibility to receive complimentary products and services for a calendar year based on the number of shares outstanding as of September 30 of the immediately preceding calendar year. If a company has the requisite number of shares outstanding on September 30, it will begin (or continue, as the case may be) to receive the suite of complimentary products and services for which it is eligible as of the following January 1.\4\ --------------------------------------------------------------------------- \4\ Eligible Current Listings that have 270 million or more shares issued and outstanding as of September 30 (each a ``Tier One Eligible Current Listing'') are presently offered (i) a choice of market surveillance or market analytics products and services, and (ii) Web-hosting and Web-casting products and services, on a complimentary basis. Eligible Current Listings that have between 160 million and 269.9 million shares issued and outstanding as of September 30 (each a ``Tier Two Eligible Current Listing'') are presently offered a choice of market analytics or Web-hosting and Web-casting products and services. --------------------------------------------------------------------------- For planning and budgeting purposes, it is helpful for both the Exchange and listed companies to determine a reasonable period in advance the Tier One and Tier Two Eligible Current Listings that will receive complimentary products and services the following year.\5\ Therefore, the Exchange has historically looked at a company's shares outstanding as of September 30 to determine qualification for the following year. On occasion, there is a company that does not qualify [sic] Tier One or Tier Two services based on its shares outstanding as of September 30, but that subsequently completes a corporate action (such as a share issuance or stock split) between October 1 and December 31 that would enable it to either (i) qualify for the first time or (ii) qualify for a higher tier of services if the Exchange made its eligibility determination as of a later date. Under existing Exchange rules, the unfortunate outcome for such companies is that they do not qualify to receive complimentary products and services for, in some cases, nearly 15 months after they became eligible. --------------------------------------------------------------------------- \5\ See Securities Exchange Act Release No. 34-68143 (November 2, 2012), 77 FR 67053 (November 8, 2012) (SR-NYSE-2012-44). This provides qualifying issuers with nearly three months to select from the available services in their tier for the following calendar year as well as providing non-qualifying issuers with time to budget and plan for obtaining the service elsewhere. --------------------------------------------------------------------------- The Exchange proposes to amend Section 907.00 of the Manual to clarify that, if a company becomes a Tier One or Tier Two Eligible Current Listing due to a corporate action completed between October 1 and December 31 of a particular year that results in an increased number of outstanding shares, such company will receive the suite of complimentary products and services to which it is entitled by virtue of that designation as of the immediately following January 1. The Exchange will continue to conduct its initial eligibility review as of September 30. This will enable the Exchange to capture the vast majority of Tier One and Tier Two Eligible Current Listings to assist both itself and listed companies in their planning and budget process for the following year. The Exchange will then conduct a secondary review each year towards the end of December to determine whether any additional companies have become eligible to receive services or have become eligible to receive a higher tier or [sic] services. The Exchange notes that listed companies are subject to an annual fee that is billed each January 1 and is calculated based on the number of shares outstanding on the preceding December 31.\6\ In this regard, under the Exchange's existing rules, a company that increases its shares outstanding due to a corporate action completed subsequent to September 30 would be billed a higher annual fee on the following January 1 but would not receive any complimentary products and services for which it may be eligible for an entire year. The Exchange's [[Page 86370]] current proposal seeks to address this anomaly by ensuring that companies obtain the benefits of listing normally provided to other issuers paying comparable annual listing fees. --------------------------------------------------------------------------- \6\ See Section 902.02 of the Manual. --------------------------------------------------------------------------- In the event that a U.S. issuer or non-U.S. company that was eligible for Tier One or Tier Two services as of September 30, then completes a corporate action between October 1 and December 31 that reduces its shares outstanding and makes it no longer eligible, the Exchange proposes that it would not discontinue services as of the following January 1. Instead, the Exchange proposes that it would re- evaluate the following September 30 and determine to discontinue as of the following January 1 if the issuer remained ineligible.\7\ The Exchange believes it could be unnecessarily harmful to an issuer that reduces its outstanding shares due to a corporate action in the fourth quarter to immediately discontinue providing services the following year. As described above, a significant reason for determining eligibility on September 30 is to provide ineligible issuers time to budget and plan to procure services from an alternative vendor. The Exchange believes that any company that undertakes a corporate action in the fourth quarter that results in a reduction in its shares outstanding is likely doing so for reasons other than to reduce its forthcoming annual listing fee. A company in that situation may have expected that it would be eligible for Tier One or Tier Two services based on its September 30 shares outstanding and the Exchange believes it could disadvantage them to discontinue services so close to the year end. --------------------------------------------------------------------------- \7\ However, if a company remained ineligible on September 30, but regained eligibility between October 1 and December 31, it would continue to receive the package of services for which it became eligible. --------------------------------------------------------------------------- 2. Statutory Basis The Exchange believes that the proposed rule change is consistent with Section 6(b) of the Act,\8\ in general, and furthers the objectives of Sections 6(b)(4) \9\ of the Act, in particular, in that it is designed to provide for the equitable allocation of reasonable dues, fees, and other charges among its members and issuers and other persons using its facilities. The Exchange also believes that the proposed rule change is consistent with Section 6(b)(5) \10\ of the Act in that it is not designed to permit unfair discrimination between customers, issuers, brokers, or dealers. --------------------------------------------------------------------------- \8\ 15 U.S.C. 78f(b). \9\ 15 U.S.C. 78f(b)(4). \10\ 15 U.S.C. 78f(b)(5). --------------------------------------------------------------------------- The Exchange believes that its proposed rule change is consistent with Section 6(b)(4) of the Act because it ensures that all companies that are subject to the same fee structure as of January 1 each year are also eligible to receive the same benefits of listing. Under existing rules, the Exchange charges companies an annual fee based on shares outstanding on December 31, but determines eligibility for complimentary products and services based on shares outstanding as of September 30. The proposed rule change will ensure that, for the vast majority of listed companies, the Exchange takes into account a company's shares outstanding on December 31 not only for purposes of charging annual listing fees but also for purposes of determining an issuer's eligibility to receive complimentary products and services or receive a higher tier of complimentary products and services. The Exchange believes that its proposed rule change is consistent with Section 6(b)(5) of the Act because it prevents unfair discrimination between issuers by ensuring that no issuer is deprived of eligibility for services simply because they became a Tier One or Tier Two Eligible Current Listing in the last three months of a calendar year after the Exchange has made its eligibility determinations for the next calendar year. The Exchange believes that its proposal to continue offering Tier One or Tier Two services for one additional year to a company that became ineligible as a result of a corporate action undertaken in the fourth quarter does not unfairly discriminate between issuers. The Exchange believes this situation would occur very rarely and issuers in this situation would continue to receive services for only one additional year. The Exchange believes all issuers would benefit from knowing that their services would not be discontinued on short notice. 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 Act. The proposed change simply clarifies how the Exchange will treat Tier One and Tier Two Eligible Current Listings who achieve that designation as a result of a corporate action completed after September 30, but prior to December 31 in a given year. As described above, except for a very small number of companies that may continue to receive services for an additional year despite losing eligibility in the fourth quarter, under the proposed rule change, all issuers that are similarly situated on January 1 will receive the same package of complimentary products and services and no issuer will be treated differently simply because it became a Tier One or Tier Two Eligible Current Listing in the final three months of the preceding year. The Exchange believes that its proposal that it continue to offer services for an additional year to companies that became ineligible during the fourth quarter does not significantly impact the public interest or impose any significant burden on competition. Such proposal simply offers all issuers a measure of protection against having their services discontinued on short notice. 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 for 30 days from the date on which it was filed, or such shorter time as the Commission may designate, it has become effective pursuant to Section 19(b)(3)(A) of the Act \11\ and Rule 19b-4(f)(6) thereunder.\12\ --------------------------------------------------------------------------- \11\ 15 U.S.C. 78s(b)(3)(A). \12\ 17 CFR 240.19b-4(f)(6). As required under Rule 19b- 4(f)(6)(iii), the Exchange provided the Commission with written notice of its intent to file the proposed rule change, along with a brief description and the 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. --------------------------------------------------------------------------- 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 change should be approved or disapproved. [[Page 86371]] 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-NYSE-2016-77 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-NYSE-2016-77. 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-NYSE-2016-77, and should be submitted on or before December 21, 2016. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.\13\ --------------------------------------------------------------------------- \13\ 17 CFR 200.30-3(a)(12). --------------------------------------------------------------------------- Robert W. Errett, Deputy Secretary. [FR Doc. 2016-28773 Filed 11-29-16; 8:45 am] BILLING CODE 8011-01-P
![Federal Register / Vol. 81, No. 230 / Wednesday, November 30, 2016 / Notices 86369
12, 2017, as the date by which the II. Self-Regulatory Organization’s historically looked at a company’s
Commission shall either approve or Statement of the Purpose of, and shares outstanding as of September 30
disapprove or institute proceedings to Statutory Basis for, the Proposed Rule to determine qualification for the
determine whether to disapprove the Change following year. On occasion, there is a
proposed rule change (File Number SR– In its filing with the Commission, the company that does not qualify [sic] Tier
NYSEArca–2016–136). self-regulatory organization included One or Tier Two services based on its
For the Commission, by the Division of statements concerning the purpose of, shares outstanding as of September 30,
Trading and Markets, pursuant to delegated and basis for, the proposed rule change but that subsequently completes a
authority.7 and discussed any comments it received corporate action (such as a share
on the proposed rule change. The text issuance or stock split) between October
Robert W. Errett, 1 and December 31 that would enable it
of those statements may be examined at
Deputy Secretary. to either (i) qualify for the first time or
the places specified in Item IV below.
[FR Doc. 2016–28778 Filed 11–29–16; 8:45 am]
The Exchange has prepared summaries, (ii) qualify for a higher tier of services
BILLING CODE 8011–01–P set forth in sections A, B, and C below, if the Exchange made its eligibility
of the most significant parts of such determination as of a later date. Under
statements. existing Exchange rules, the unfortunate
SECURITIES AND EXCHANGE outcome for such companies is that they
COMMISSION A. Self-Regulatory Organization’s do not qualify to receive complimentary
Statement of the Purpose of, and the products and services for, in some cases,
Statutory Basis for, the Proposed Rule nearly 15 months after they became
[Release No. 34–79383; File No. SR–NYSE–
Change eligible.
2016–77]
1. Purpose The Exchange proposes to amend
Self-Regulatory Organizations; New Section 907.00 of the Manual to clarify
Pursuant to Section 907.00 of the that, if a company becomes a Tier One
York Stock Exchange LLC; Notice of Manual, the Exchange offers a suite of
Filing and Immediate Effectiveness of or Tier Two Eligible Current Listing due
complimentary products and services to to a corporate action completed between
Proposed Rule Change Amending certain companies currently listed on
Section 907.00 of the Listed Company October 1 and December 31 of a
the Exchange (‘‘Eligible Current particular year that results in an
Manual Listings’’). A company qualifies to increased number of outstanding shares,
November 23, 2016. receive such complimentary products such company will receive the suite of
and services based on the number of complimentary products and services to
Pursuant to Section 19(b)(1) 1 of the shares of common stock in the case of which it is entitled by virtue of that
Securities Exchange Act of 1934 (the U.S. companies or other equity security designation as of the immediately
‘‘Act’’) 2 and Rule 19b–4 thereunder,3 in the case of non-U.S. companies that following January 1. The Exchange will
notice is hereby given that, on it has outstanding. Presently, the continue to conduct its initial eligibility
November 10, 2016, New York Stock Exchange determines eligibility to review as of September 30. This will
Exchange LLC (‘‘NYSE’’ or the receive complimentary products and enable the Exchange to capture the vast
‘‘Exchange’’) filed with the Securities services for a calendar year based on the majority of Tier One and Tier Two
and Exchange Commission (the number of shares outstanding as of Eligible Current Listings to assist both
‘‘Commission’’) the proposed rule September 30 of the immediately itself and listed companies in their
change as described in Items I and II preceding calendar year. If a company planning and budget process for the
below, which Items have been prepared has the requisite number of shares following year. The Exchange will then
by the self-regulatory organization. The outstanding on September 30, it will conduct a secondary review each year
Commission is publishing this notice to begin (or continue, as the case may be) towards the end of December to
solicit comments on the proposed rule to receive the suite of complimentary determine whether any additional
change from interested persons. products and services for which it is companies have become eligible to
I. Self-Regulatory Organization’s eligible as of the following January 1.4 receive services or have become eligible
For planning and budgeting purposes, to receive a higher tier or [sic] services.
Statement of the Terms of Substance of
it is helpful for both the Exchange and The Exchange notes that listed
the Proposed Rule Change
listed companies to determine a companies are subject to an annual fee
The Exchange proposes to amend reasonable period in advance the Tier that is billed each January 1 and is
Section 907.00 of the Listed Company One and Tier Two Eligible Current calculated based on the number of
Manual (the ‘‘Manual’’) to clarify how it Listings that will receive complimentary shares outstanding on the preceding
will treat currently listed U.S. issuers products and services the following December 31.6 In this regard, under the
and non-U.S. companies who qualify to year.5 Therefore, the Exchange has Exchange’s existing rules, a company
receive Tier One or Tier Two services as that increases its shares outstanding due
4 Eligible Current Listings that have 270 million
a result of a corporate action completed to a corporate action completed
or more shares issued and outstanding as of
between October 1 and December 31 of September 30 (each a ‘‘Tier One Eligible Current
subsequent to September 30 would be
a particular calendar year. The proposed Listing’’) are presently offered (i) a choice of market billed a higher annual fee on the
rule change is available on the surveillance or market analytics products and following January 1 but would not
Exchange’s Web site at www.nyse.com, services, and (ii) Web-hosting and Web-casting receive any complimentary products
products and services, on a complimentary basis.
sradovich on DSK3GMQ082PROD with NOTICES
at the principal office of the Exchange, Eligible Current Listings that have between 160
and services for which it may be eligible
and at the Commission’s Public million and 269.9 million shares issued and for an entire year. The Exchange’s
Reference Room. outstanding as of September 30 (each a ‘‘Tier Two
Eligible Current Listing’’) are presently offered a qualifying issuers with nearly three months to
choice of market analytics or Web-hosting and Web- select from the available services in their tier for the
7 17 CFR 200.30–3(a)(31). casting products and services. following calendar year as well as providing non-
1 15 U.S.C. 78s(b)(1). 5 See Securities Exchange Act Release No. 34– qualifying issuers with time to budget and plan for
2 15 U.S.C. 78a. obtaining the service elsewhere.
68143 (November 2, 2012), 77 FR 67053 (November
3 17 CFR 240.19b–4. 8, 2012) (SR–NYSE–2012–44). This provides 6 See Section 902.02 of the Manual.
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![Federal Register / Vol. 81, No. 230 / Wednesday, November 30, 2016 / Notices 86371
IV. Solicitation of Comments For the Commission, by the Division of A. Self-Regulatory Organization’s
Trading and Markets, pursuant to delegated Statement of the Purpose of, and the
Interested persons are invited to authority.13 Statutory Basis for, the Proposed Rule
submit written data, views, and Robert W. Errett, Change
arguments concerning the foregoing, Deputy Secretary.
including whether the proposed rule 1. Purpose
[FR Doc. 2016–28773 Filed 11–29–16; 8:45 am]
change is consistent with the Act. BILLING CODE 8011–01–P The Exchange proposes to amend
Comments may be submitted by any of Rule 15 relating to pre-opening
the following methods: indications. The proposed rule changes
SECURITIES AND EXCHANGE would restore the obligation for a DMM
Electronic Comments COMMISSION to publish a pre-opening indication if a
• Use the Commission’s Internet security has not opened by 10:00 a.m.
[Release No. 34–79390; File No. SR–NYSE–
Eastern Time and add a new parameter
comment form (http://www.sec.gov/ 2016–78]
for when a pre-opening indication
rules/sro.shtml); or
Self-Regulatory Organizations; New should be published for lower-priced
• Send an email to rule-comments@ York Stock Exchange LLC; Notice of securities.
sec.gov. Please include File Number SR– Filing and Immediate Effectiveness of
NYSE–2016–77 on the subject line. Background
Proposed Rule Change Amending Rule
15 Relating to Pre-Opening Indications The Exchange recently amended
Paper Comments Exchange rules to consolidate and
• Send paper comments in triplicate November 23, 2016. amend requirements relating to pre-
to Brent J. Fields, Secretary, Securities Pursuant to Section 19(b)(1) 1 of the opening indications in Rule 15.4 Rule
and Exchange Commission, 100 F Street Securities Exchange Act of 1934 (the 15(a) provides that a pre-opening
‘‘Act’’) 2 and Rule 19b–4 thereunder,3 indication will include the security and
NE., Washington, DC 20549–1090.
notice is hereby given that on November the price range within which the
All submissions should refer to File 17, 2016, New York Stock Exchange opening price is anticipated to occur
Number SR–NYSE–2016–77. This file LLC (‘‘NYSE’’ or the ‘‘Exchange’’) filed and that a pre-opening indication will
number should be included on the with the Securities and Exchange be published via the securities
subject line if email is used. To help the Commission (the ‘‘Commission’’) the information processor and proprietary
Commission process and review your proposed rule change as described in data feeds. Rule 15(b) specifies the
comments more efficiently, please use Items I and II below, which Items have conditions for publishing a pre-opening
only one method. The Commission will been prepared by the self-regulatory indication, and Rule 15(b)(1) provides
post all comments on the Commission’s organization. The Commission is that a DMM will publish a pre-opening
Internet Web site (http://www.sec.gov/ publishing this notice to solicit indication, as described in Rule 15(e),
rules/sro.shtml). Copies of the comments on the proposed rule change before a security opens if the opening
submission, all subsequent from interested persons. transaction on the Exchange is
amendments, all written statements anticipated to be at a price that
I. Self-Regulatory Organization’s represents a change of more than the
with respect to the proposed rule Statement of the Terms of Substance of ‘‘Applicable Price Range’’ from a
change that are filed with the the Proposed Rule Change specified ‘‘Reference Price’’ before the
Commission, and all written The Exchange proposes to amend security opens.
communications relating to the Rule 15 relating to pre-opening Under Rule 15(c), the Reference Price
proposed rule change between the indications. The proposed rule change for a security, other than an ADR, is the
Commission and any person, other than is available on the Exchange’s Web site securities last reported stale price on the
those that may be withheld from the at www.nyse.com, at the principal office Exchange, the security’s offering price
public in accordance with the of the Exchange, and at the in the case of an initial public offering
provisions of 5 U.S.C. 552, will be Commission’s Public Reference Room. (‘‘IPO’’), or the security’s last reported
available for Web site viewing and sale price in the securities market from
printing in the Commission’s Public II. Self-Regulatory Organization’s
which the security is being transferred
Statement of the Purpose of, and
Reference Room, 100 F Street NE., to the Exchange. Rule 15(d)(1) provides
Statutory Basis for, the Proposed Rule
Washington, DC 20549 on official that, except under conditions set forth
Change
business days between the hours of in Rule 15(d)(2), the Applicable Price
10:00 a.m. and 3:00 p.m. Copies of such In its filing with the Commission, the Range for determining whether to
filing also will be available for self-regulatory organization included publish a pre-opening indication will be
inspection and copying at the principal statements concerning the purpose of, 5%. Rule 15(d)(2) provides that if as of
office of the Exchange. All comments and basis for, the proposed rule change 9:00 a.m. Eastern Time, the E-mini S&P
received will be posted without change; and discussed any comments it received 500 Futures are ± 2% from the prior
the Commission does not edit personal on the proposed rule change. The text day’s closing price of the E-mini S&P
identifying information from of those statements may be examined at 500 Futures, when reopening trading
the places specified in Item IV below. following a market-wide trading halt
submissions. You should submit only
The Exchange has prepared summaries, under Rule 80B, or if the Exchange
information that you wish to make
sradovich on DSK3GMQ082PROD with NOTICES
set forth in sections A, B, and C below,
available publicly. All submissions of the most significant parts of such 4 See Securities Exchange Act Release Nos. 78228
should refer to File Number SR–NYSE– statements. (July 5, 2016), 81 FR 44907 (July 11, 2016) (SR–
2016–77, and should be submitted on or NYSE–2016–24) (Approval Order) and 77491
before December 21, 2016. 13 17
(March 31, 2016), 81 FR 20030 (April 6, 2016) (SR–
CFR 200.30–3(a)(12). NYSE–2016–24) (‘‘Opening Notice of Filing’’)
1 15 U.S.C. 78s(b)(1). (‘‘Opening Filing’’). The Exchange implemented the
2 15 U.S.C. 78a.
changes described in the Opening Filing on
3 17 CFR 240.19b–4. September 12, 2016.
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Document Created: 2016-11-30 02:17:50
Document Modified: 2016-11-30 02:17:50
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
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| FR Citation | 81 FR 86369 |
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