81_FR_89403 81 FR 89166 - Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Amending Its Rules Governing Business Continuity and Disaster Recovery Planning

81 FR 89166 - Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Amending Its Rules Governing Business Continuity and Disaster Recovery Planning

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 81, Issue 237 (December 9, 2016)

Page Range89166-89167
FR Document2016-29464

Federal Register, Volume 81 Issue 237 (Friday, December 9, 2016)
[Federal Register Volume 81, Number 237 (Friday, December 9, 2016)]
[Notices]
[Pages 89166-89167]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-29464]



[[Page 89166]]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-79466; File No. SR-NYSEArca-2016-154]


Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing 
and Immediate Effectiveness of Proposed Rule Change Amending Its Rules 
Governing Business Continuity and Disaster Recovery Planning

December 5, 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 22, 2016, NYSE Arca, Inc. (the ``Exchange'' or 
``NYSE Arca'') 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 Exchange. The Commission 
is publishing this notice to solicit comments on the proposed rule 
change from interested persons.
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 15 U.S.C. 78a.
    \3\ 17 CFR 240.19b-4.
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I. Self-Regulatory Organization's Statement of the Terms of Substance 
of the Proposed Rule Change

    The Exchange proposes to amend its rules governing business 
continuity and disaster recovery planning to delete Rule 2.100 
(Emergency Powers) as obsolete. 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
    The Exchange proposes to amend its rules governing business 
continuity and disaster recovery planning to delete Rule 2.100 
(Emergency Powers) (``Rule 2.100'') as obsolete.
    Rule 2.100 provides that if a qualified officer of an Affiliated 
Exchange declares an emergency condition under the rules of that 
Affiliated Exchange, a qualified Exchange officer may authorize the 
Exchange to perform the functions specified in the rule. Specifically, 
on the next trading day following the declaration of the Emergency 
Condition, the Exchange will, on behalf of and at the direction of the 
Affiliated Exchange, disseminate: (i) The official opening, re-opening, 
and closing trades of Affiliated Exchange-listed securities as messages 
of the Affiliated Exchange; and (ii) any notification for Affiliated 
Exchange-listed securities to the Consolidated Quotation System of a 
regulatory halt and resumption of trading thereafter, trading pause and 
resumption of trading thereafter, and Short Sale Price Test trigger and 
lifting thereafter, as messages of the Affiliated Exchange.
    On September 29, 2016, the Commission approved amendments to the 
Affiliated Exchanges' business continuity and disaster recovery plans, 
as described in NYSE Rule 49 and NYSE MKT Rule 49--Equities.\4\ On 
November 5 and 19, 2016, the Affiliated Exchanges held the mandatory 
testing sessions for the operation of New Rule 49.\5\ NYSE and NYSE MKT 
have determined that those tests were successful and are simultaneously 
filing proposed rule changes to delete the versions of NYSE Rule 49 and 
NYSE MKT Rule 49--Equities that reference Rule 2.100.\6\ The Exchange 
therefore proposes to delete Rule 2.100 as obsolete, operative for 
November 23, 2016, the same day that NYSE and NYSE MKT propose as the 
operative date for New Rule 49.
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    \4\ See Securities Exchange Act Release No. 78916 (September 23, 
2016), 81 FR 67029 (September 29, 2016) (SR-NYSE-2016-48) and No. 
78917 (September 23, 2016), 81 FR 67036 (September 29, 2016) (SR-
NYSEMKT-2016-68) (approval orders).
    \5\ The Affiliated Exchanges announced by Trader Update that 
industry tests would be held on November 5, 2016 and November 19, 
2016. See NYSE Trader Updates, dated September 9 and 16, 2016, 
available at https://www.nyse.com/publicdocs/nyse/markets/nyse/NYSE_and_NYSE_MKT_DR_Trader_Update_Final.pdf and https://www.nyse.com/publicdocs/nyse/markets/nyse/DR_Testing.pdf.
    \6\ The Affiliated Exchanges have submitted proposed rule 
changes to amend their rules governing business continuity and 
disaster recovery. See SR-NYSE-2016-81 and SR-NYSEMKT-2016-109.
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    In addition to this proposed rule change, the Exchange proposes to 
announce the operative date of November 23, 2016 via Trader Update.
2. Statutory Basis
    The proposed rule change is consistent with Section 6(b) of the 
Act,\7\ in general, and furthers the objectives of Section 6(b)(5) of 
the Act,\8\ in particular, 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, and to 
remove impediments to and perfect the mechanism of a free and open 
market and a national market system, and in general, to protect 
investors and the public interest.
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    \7\ 15 U.S.C. 78f(b).
    \8\ 15 U.S.C. 78f(b)(5).
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    In particular, the Exchange believes that amending its rules to 
remove an obsolete rule that is no longer operative after the 
Affiliated Exchanges have implemented New Rule 49 would promote the 
protection of investors and the public interest because it would 
promote clarity and transparency on the Exchange rules governing the 
Exchange's and the Affiliated Exchanges' business continuity and 
disaster recovery planning. The Exchange further believes that deleting 
the obsolete rule would remove impediments to and perfect the mechanism 
of a national market system because these proposed changes would add 
greater clarity to the Exchange's rules and promote market transparency 
and efficiency.

B. Self-Regulatory Organization's Statement on Burden on Competition

    The Exchange does not believe that the proposed rule change would 
impose any burden on competition that is not necessary or appropriate 
in furtherance of the purposes of the Act. The proposed rule change is 
not designed to address competitive issues but rather is designed to 
delete a rule that is obsolete now that the Affiliated Exchanges have 
implemented New Rule 49.

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

[[Page 89167]]

operative prior to 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 and Rule 19b-4(f)(6) 
thereunder.\9\
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    \9\ 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.
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    A proposed rule change filed pursuant to Rule 19b-4(f)(6) under the 
Act \10\ normally does not become operative for 30 days after the date 
of its filing. However, Rule 19b-4(f)(6)(iii) \11\ permits the 
Commission to designate a shorter time if such action is consistent 
with the protection of investors and the public interest. The Exchange 
has asked the Commission to waive the 30-day operative delay so that 
the proposal may become operative immediately upon filing. According to 
the Exchange, the proposal would delete an obsolete rule that 
corresponded to rules that have been deleted by the Affiliated 
Exchanges. The Commission believes that waiving the 30-day operative 
delay is consistent with the protection of investors and the public 
interest. Therefore, the Commission hereby waives the 30-day operative 
delay and designates the proposed rule change to be operative upon 
filing with the Commission.\12\
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    \10\ 17 CFR 240.19b-4(f)(6).
    \11\ 17 CFR 240.19b-4(f)(6)(iii).
    \12\ For purposes only of waiving the 30-day operative delay, 
the Commission has considered the proposed rule's impact on 
efficiency, competition, and capital formation. See 15 U.S.C. 
78c(f).
---------------------------------------------------------------------------

    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.

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 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 SR-NYSEArca-2016-154 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-NYSEArca-2016-154. 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 the 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-NYSEArca-2016-154 and should 
be submitted on or before December 30, 2016.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\13\
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    \13\ 17 CFR 200.30-3(a)(12).
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Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2016-29464 Filed 12-8-16; 8:45 am]
 BILLING CODE 8011-01-P



                                                  89166                         Federal Register / Vol. 81, No. 237 / Friday, December 9, 2016 / Notices

                                                  SECURITIES AND EXCHANGE                                  disaster recovery planning to delete                  2. Statutory Basis
                                                  COMMISSION                                               Rule 2.100 (Emergency Powers) (‘‘Rule                    The proposed rule change is
                                                                                                           2.100’’) as obsolete.                                 consistent with Section 6(b) of the Act,7
                                                  [Release No. 34–79466; File No. SR–
                                                  NYSEArca–2016–154]                                          Rule 2.100 provides that if a qualified            in general, and furthers the objectives of
                                                                                                           officer of an Affiliated Exchange                     Section 6(b)(5) of the Act,8 in particular,
                                                  Self-Regulatory Organizations; NYSE                      declares an emergency condition under                 in that it is designed to prevent
                                                  Arca, Inc.; Notice of Filing and                         the rules of that Affiliated Exchange, a              fraudulent and manipulative acts and
                                                  Immediate Effectiveness of Proposed                      qualified Exchange officer may                        practices, to promote just and equitable
                                                  Rule Change Amending Its Rules                           authorize the Exchange to perform the                 principles of trade, to foster cooperation
                                                  Governing Business Continuity and                        functions specified in the rule.                      and coordination with persons engaged
                                                  Disaster Recovery Planning                               Specifically, on the next trading day                 in facilitating transactions in securities,
                                                                                                           following the declaration of the                      and to remove impediments to and
                                                  December 5, 2016.
                                                                                                           Emergency Condition, the Exchange                     perfect the mechanism of a free and
                                                     Pursuant to Section 19(b)(1) 1 of the                 will, on behalf of and at the direction of            open market and a national market
                                                  Securities Exchange Act of 1934 (the                     the Affiliated Exchange, disseminate: (i)             system, and in general, to protect
                                                  ‘‘Act’’) 2 and Rule 19b–4 thereunder,3                   The official opening, re-opening, and                 investors and the public interest.
                                                  notice is hereby given that, on                                                                                   In particular, the Exchange believes
                                                                                                           closing trades of Affiliated Exchange-
                                                  November 22, 2016, NYSE Arca, Inc.                                                                             that amending its rules to remove an
                                                                                                           listed securities as messages of the
                                                  (the ‘‘Exchange’’ or ‘‘NYSE Arca’’) filed                                                                      obsolete rule that is no longer operative
                                                                                                           Affiliated Exchange; and (ii) any
                                                  with the Securities and Exchange                                                                               after the Affiliated Exchanges have
                                                                                                           notification for Affiliated Exchange-
                                                  Commission (the ‘‘Commission’’) the                                                                            implemented New Rule 49 would
                                                                                                           listed securities to the Consolidated
                                                  proposed rule change as described in                                                                           promote the protection of investors and
                                                                                                           Quotation System of a regulatory halt
                                                  Items I and II below, which Items have                                                                         the public interest because it would
                                                                                                           and resumption of trading thereafter,
                                                  been prepared by the Exchange. The                                                                             promote clarity and transparency on the
                                                                                                           trading pause and resumption of trading
                                                  Commission is publishing this notice to                                                                        Exchange rules governing the
                                                                                                           thereafter, and Short Sale Price Test
                                                  solicit comments on the proposed rule                                                                          Exchange’s and the Affiliated
                                                  change from interested persons.                          trigger and lifting thereafter, as messages
                                                                                                           of the Affiliated Exchange.                           Exchanges’ business continuity and
                                                  I. Self-Regulatory Organization’s                           On September 29, 2016, the                         disaster recovery planning. The
                                                  Statement of the Terms of Substance of                   Commission approved amendments to                     Exchange further believes that deleting
                                                  the Proposed Rule Change                                 the Affiliated Exchanges’ business                    the obsolete rule would remove
                                                     The Exchange proposes to amend its                    continuity and disaster recovery plans,               impediments to and perfect the
                                                  rules governing business continuity and                  as described in NYSE Rule 49 and NYSE                 mechanism of a national market system
                                                  disaster recovery planning to delete                     MKT Rule 49—Equities.4 On November                    because these proposed changes would
                                                  Rule 2.100 (Emergency Powers) as                         5 and 19, 2016, the Affiliated Exchanges              add greater clarity to the Exchange’s
                                                  obsolete. The proposed rule change is                    held the mandatory testing sessions for               rules and promote market transparency
                                                  available on the Exchange’s Web site at                  the operation of New Rule 49.5 NYSE                   and efficiency.
                                                  www.nyse.com, at the principal office of                 and NYSE MKT have determined that                     B. Self-Regulatory Organization’s
                                                  the Exchange, and at the Commission’s                    those tests were successful and are                   Statement on Burden on Competition
                                                  Public Reference Room.                                   simultaneously filing proposed rule                     The Exchange does not believe that
                                                                                                           changes to delete the versions of NYSE                the proposed rule change would impose
                                                  II. Self-Regulatory Organization’s
                                                                                                           Rule 49 and NYSE MKT Rule 49—                         any burden on competition that is not
                                                  Statement of the Purpose of, and
                                                                                                           Equities that reference Rule 2.100.6 The              necessary or appropriate in furtherance
                                                  Statutory Basis for, the Proposed Rule
                                                                                                           Exchange therefore proposes to delete                 of the purposes of the Act. The
                                                  Change
                                                                                                           Rule 2.100 as obsolete, operative for                 proposed rule change is not designed to
                                                     In its filing with the Commission, the                November 23, 2016, the same day that
                                                  self-regulatory organization included                                                                          address competitive issues but rather is
                                                                                                           NYSE and NYSE MKT propose as the                      designed to delete a rule that is obsolete
                                                  statements concerning the purpose of,                    operative date for New Rule 49.
                                                  and basis for, the proposed rule change                                                                        now that the Affiliated Exchanges have
                                                                                                              In addition to this proposed rule                  implemented New Rule 49.
                                                  and discussed any comments it received                   change, the Exchange proposes to
                                                  on the proposed rule change. The text                    announce the operative date of                        C. Self-Regulatory Organization’s
                                                  of those statements may be examined at                   November 23, 2016 via Trader Update.                  Statement on Comments on the
                                                  the places specified in Item IV below.                                                                         Proposed Rule Change Received From
                                                  The Exchange has prepared summaries,                       4 See Securities Exchange Act Release No. 78916     Members, Participants, or Others
                                                  set forth in sections A, B, and C below,                 (September 23, 2016), 81 FR 67029 (September 29,        No written comments were solicited
                                                  of the most significant parts of such                    2016) (SR–NYSE–2016–48) and No. 78917
                                                                                                                                                                 or received with respect to the proposed
                                                  statements.                                              (September 23, 2016), 81 FR 67036 (September 29,
                                                                                                           2016) (SR–NYSEMKT–2016–68) (approval orders).         rule change.
                                                  A. Self-Regulatory Organization’s                          5 The Affiliated Exchanges announced by Trader
                                                                                                                                                                 III. Date of Effectiveness of the
                                                  Statement of the Purpose of, and the                     Update that industry tests would be held on
                                                                                                           November 5, 2016 and November 19, 2016. See           Proposed Rule Change and Timing for
                                                  Statutory Basis for, the Proposed Rule                   NYSE Trader Updates, dated September 9 and 16,        Commission Action
                                                  Change                                                   2016, available at https://www.nyse.com/
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                                                                                                           publicdocs/nyse/markets/nyse/NYSE_and_NYSE_              Because the proposed rule change
                                                  1. Purpose                                               MKT_DR_Trader_Update_Final.pdf and https://           does not: (i) Significantly affect the
                                                     The Exchange proposes to amend its                    www.nyse.com/publicdocs/nyse/markets/nyse/DR_         protection of investors or the public
                                                                                                           Testing.pdf.                                          interest; (ii) impose any significant
                                                  rules governing business continuity and                    6 The Affiliated Exchanges have submitted

                                                                                                           proposed rule changes to amend their rules
                                                                                                                                                                 burden on competition; and (iii) become
                                                    1 15 U.S.C. 78s(b)(1).                                 governing business continuity and disaster
                                                    2 15 U.S.C. 78a.                                                                                               7 15   U.S.C. 78f(b).
                                                                                                           recovery. See SR–NYSE–2016–81 and SR–
                                                    3 17 CFR 240.19b–4.                                    NYSEMKT–2016–109.                                       8 15   U.S.C. 78f(b)(5).



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                                                                               Federal Register / Vol. 81, No. 237 / Friday, December 9, 2016 / Notices                                                   89167

                                                  operative prior to 30 days from the date                Electronic Comments                                    SECURITIES AND EXCHANGE
                                                  on which it was filed, or such shorter                                                                         COMMISSION
                                                  time as the Commission may designate,                      • Use the Commission’s Internet
                                                                                                          comment form (http://www.sec.gov/                      [Release No. 34–79465; File No. SR–BX–
                                                  it has become effective pursuant to                                                                            2016–063]
                                                  Section 19(b)(3)(A) of the Act and Rule                 rules/sro.shtml); or
                                                  19b–4(f)(6) thereunder.9                                   • Send an email to rule-comments@                   Self-Regulatory Organizations;
                                                     A proposed rule change filed                         sec.gov. Please include File Number SR–                NASDAQ BX, Inc.; Notice of Filing of
                                                  pursuant to Rule 19b–4(f)(6) under the                  NYSEArca–2016–154 on the subject                       Proposed Rule Change To Amend the
                                                  Act 10 normally does not become                         line.                                                  PRISM Price Improvement Auction in
                                                  operative for 30 days after the date of its                                                                    BX Chapter VI, Section 9 and To Make
                                                                                                          Paper Comments                                         Pilot Program Permanent
                                                  filing. However, Rule 19b–4(f)(6)(iii) 11
                                                  permits the Commission to designate a                     • Send paper comments in triplicate                  December 5, 2016.
                                                  shorter time if such action is consistent               to Brent J. Fields, Secretary, Securities                 Pursuant to Section 19(b)(1) of the
                                                  with the protection of investors and the                and Exchange Commission, 100 F Street                  Securities Exchange Act of 1934
                                                  public interest. The Exchange has asked                 NE., Washington, DC 20549–1090.                        (‘‘Act’’),1 and Rule 19b–4 thereunder,2
                                                  the Commission to waive the 30-day                                                                             notice is hereby given that on November
                                                  operative delay so that the proposal may                All submissions should refer to File
                                                                                                          Number SR–NYSEArca–2016–154. This                      21, 2016, NASDAQ BX, Inc. (‘‘BX’’ or
                                                  become operative immediately upon                                                                              ‘‘Exchange’’) filed with the Securities
                                                  filing. According to the Exchange, the                  file number should be included on the
                                                                                                                                                                 and Exchange Commission (‘‘SEC’’ or
                                                  proposal would delete an obsolete rule                  subject line if email is used. To help the
                                                                                                                                                                 ‘‘Commission’’) the proposed rule
                                                  that corresponded to rules that have                    Commission process and review your
                                                                                                                                                                 change as described in Items I, II, and
                                                  been deleted by the Affiliated                          comments more efficiently, please use                  III, below, which Items have been
                                                  Exchanges. The Commission believes                      only one method. The Commission will                   prepared by the Exchange. The
                                                  that waiving the 30-day operative delay                 post all comments on the Commission’s                  Commission is publishing this notice to
                                                  is consistent with the protection of                    Internet Web site (http://www.sec.gov/                 solicit comments on the proposed rule
                                                  investors and the public interest.                      rules/sro.shtml). Copies of the                        change from interested persons.
                                                  Therefore, the Commission hereby                        submission, all subsequent
                                                  waives the 30-day operative delay and                   amendments, all written statements                     I. Self-Regulatory Organization’s
                                                  designates the proposed rule change to                  with respect to the proposed rule                      Statement of the Terms of Substance of
                                                  be operative upon filing with the                       change that are filed with the                         the Proposed Rule Change
                                                  Commission.12                                           Commission, and all written                               The Exchange proposes to amend BX
                                                     At any time within 60 days of the                    communications relating to the                         rules at Chapter VI, Section 9,
                                                  filing of the proposed rule change, the                 proposed rule change between the                       concerning a price-improvement
                                                  Commission summarily may                                Commission and any person, other than                  mechanism known as ‘‘PRISM.’’ Parts of
                                                  temporarily suspend such rule change if                 those that may be withheld from the                    PRISM are currently operating on a pilot
                                                  it appears to the Commission that such                  public in accordance with the                          basis (‘‘Pilot’’), which was approved by
                                                  action is necessary or appropriate in the               provisions of 5 U.S.C. 552, will be                    the Commission in 2015,3 and which is
                                                  public interest, for the protection of                  available for Web site viewing and                     set to expire on January 18, 2017.4 In
                                                  investors, or otherwise in furtherance of               printing in the Commission’s Public                    this proposal, the Exchange proposes to
                                                  the purposes of the Act. If the                                                                                make the Pilot permanent, and also
                                                                                                          Reference Room, 100 F Street NE.,
                                                  Commission takes such action, the                                                                              proposes to change the requirements for
                                                                                                          Washington, DC 20549 on official
                                                  Commission shall institute proceedings                                                                         providing price improvement for PRISM
                                                                                                          business days between the hours of                     Orders of less than 50 option contracts.
                                                  to determine whether the proposed rule                  10:00 a.m. and 3:00 p.m. Copies of the                    The text of the proposed rule change
                                                  change should be approved or                            filing also will be available for                      is available on the Exchange’s Web site
                                                  disapproved.                                            inspection and copying at the principal                at http://nasdaqbx.cchwallstreet.com/,
                                                  IV. Solicitation of Comments                            office of the Exchange. All comments                   at the principal office of the Exchange,
                                                                                                          received will be posted without change;                and at the Commission’s Public
                                                    Interested persons are invited to                     the Commission does not edit personal                  Reference Room.
                                                  submit written data, views, and                         identifying information from
                                                  arguments concerning the foregoing,                                                                            II. Self-Regulatory Organization’s
                                                                                                          submissions. You should submit only
                                                  including whether the proposed rule                                                                            Statement of the Purpose of, and
                                                                                                          information that you wish to make
                                                  change is consistent with the Act.                                                                             Statutory Basis for, the Proposed Rule
                                                                                                          available publicly. All submissions                    Change
                                                  Comments may be submitted by any of                     should refer to File Number SR–
                                                  the following methods:                                  NYSEArca–2016–154 and should be                           In its filing with the Commission, the
                                                                                                          submitted on or before December 30,                    Exchange included statements
                                                    9 17 CFR 240.19b–4(f)(6). As required under Rule
                                                                                                          2016.                                                  concerning the purpose of and basis for
                                                  19b–4(f)(6)(iii), the Exchange provided the                                                                    the proposed rule change and discussed
                                                  Commission with written notice of its intent to file      For the Commission, by the Division of               any comments it received on the
                                                  the proposed rule change, along with a brief            Trading and Markets, pursuant to delegated
                                                  description and the text of the proposed rule                                                                  proposed rule change. The text of these
                                                                                                          authority.13
mstockstill on DSK3G9T082PROD with NOTICES




                                                  change, at least five business days prior to the date
                                                  of filing of the proposed rule change, or such          Eduardo A. Aleman,                                       1 15  U.S.C. 78s(b)(1).
                                                  shorter time as designated by the Commission.           Assistant Secretary.
                                                                                                                                                                   2 17  CFR 240.19b–4.
                                                    10 17 CFR 240.19b–4(f)(6).                                                                                      3 See Securities Exchange Release No. 76301
                                                    11 17 CFR 240.19b–4(f)(6)(iii).                       [FR Doc. 2016–29464 Filed 12–8–16; 8:45 am]
                                                                                                                                                                 (October 29, 2015), 80 FR 68347 (November 4, 2015)
                                                    12 For purposes only of waiving the 30-day            BILLING CODE 8011–01–P                                 (SR–BX–2015–032) (‘‘PRISM Approval Order’’).
                                                  operative delay, the Commission has considered the                                                                4 See Securities Exchange Act Release No. 78249

                                                  proposed rule’s impact on efficiency, competition,                                                             (July 7, 2016), 81 FR 45334 (July 13, 2016) (SR–BX–
                                                  and capital formation. See 15 U.S.C. 78c(f).              13 17   CFR 200.30–3(a)(12).                         2016–038).



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Document Created: 2018-02-14 09:03:46
Document Modified: 2018-02-14 09:03:46
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 89166 

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