81 FR 91965 - Self-Regulatory Organizations; Bats BYX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Exchange Rule 11.27(b) Regarding the Data Collection Requirements of the Regulation NMS Plan To Implement a Tick Size Pilot Program

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 81, Issue 243 (December 19, 2016)

Page Range		91965-91967
FR Document		2016-30387
Federal Register, Volume 81 Issue 243 (Monday, December 19, 2016)
[Federal Register Volume 81, Number 243 (Monday, December 19, 2016)]
[Notices]
[Pages 91965-91967]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-30387]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-79534; File No. SR-BatsBYX-2016-37]


Self-Regulatory Organizations; Bats BYX Exchange, Inc.; Notice of 
Filing and Immediate Effectiveness of a Proposed Rule Change To Amend 
Exchange Rule 11.27(b) Regarding the Data Collection Requirements of 
the Regulation NMS Plan To Implement a Tick Size Pilot Program

December 13, 2016.
    Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 
(the ``Act''),\1\ and Rule 19b-4 thereunder,\2\ notice is hereby given 
that on November 30, 2016, Bats BYX Exchange, Inc. (the ``Exchange'' or 
``BYX'') filed with the Securities and Exchange Commission 
(``Commission'') the proposed rule change as described in Items I and 
II below, which Items have been prepared by the Exchange. The Exchange 
has designated this proposal as a ``non-controversial'' proposed rule 
change pursuant to Section 19(b)(3)(A) of the Act \3\ and Rule 19b-
4(f)(6)(iii) thereunder,\4\ which renders it effective upon filing with 
the Commission. 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\ 17 CFR 240.19b-4.
    \3\ 15 U.S.C. 78s(b)(3)(A).
    \4\ 17 CFR 240.19b-4(f)(6)(iii).
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I. Self-Regulatory Organization's Statement of the Terms of Substance 
of the Proposed Rule Change

    The Exchange filed a proposal to amend Exchange Rule 11.27(b) 
regarding the data collection requirements of the Regulation NMS Plan 
to Implement a Tick Size Pilot Program (``Plan'').
    The text of the proposed rule change is available at the Exchange's 
Web site at www.batstrading.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 Exchange included statements 
concerning the purpose of and basis for the proposed rule change and 
discussed any comments it received on the proposed rule change. The 
text of these statements may be examined at the places specified in 
Item IV below. The Exchange has prepared summaries, set forth in 
Sections A, B, and C below, of the most significant parts of such 
statements.

(A) Self-Regulatory Organization's Statement of the Purpose of, and 
Statutory Basis for, the Proposed Rule Change

1. Purpose
    On August 25, 2014, the Exchange, and several other self-regulatory 
organizations (the ``Participants'') filed with the Commission, 
pursuant to Section 11A of the Act \5\ and Rule 608 of Regulation NMS 
thereunder,\6\ the Plan to Implement a Tick Size Pilot Program.\7\ The 
Participants filed the Plan to comply with an order issued by the 
Commission on June 24, 2014.\8\ The Plan was published for comment in 
the Federal Register on November 7, 2014, and approved by the 
Commission, as modified, on May 6, 2015.\9\ The Commission approved the 
Pilot on a two-year basis, with implementation to begin no later than 
May 6, 2016.\10\ On November 6, 2015, the SEC exempted the Participants 
from implementing the

[[Page 91966]]

Pilot until October 3, 2016.\11\ Under the revised Pilot implementation 
date, the Pre-Pilot data collection period commenced on April 4, 2016. 
On September 13, 2016, the SEC exempted the Participants from the 
requirement to fully implement the Pilot on October 3, 2016, to permit 
the Participants to implement the pilot on a phased-in basis, as 
described in the Participants' exemptive request.\12\
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    \5\ 15 U.S.C. 78k-1.
    \6\ 17 CFR 242.608.
    \7\ See Letter from Brendon J. Weiss, Vice President, 
Intercontinental Exchange, Inc., to Secretary, Commission, dated 
August 25, 2014.
    \8\ See Securities Exchange Act Release No 72460 (June 24, 
2014), 79 FR 36840 (June 30, 2014).
    \9\ See Securities Exchange Act Release No. 74892 (May 6, 2015), 
80 FR 27513 (May 13, 2015) (``Approval Order'').
    \10\ See Approval Order at 27533 and 27545.
    \11\ See Securities Exchange Act Release No. 76382 (November 6, 
2015), 80 FR 70284 (November 13, 2015).
    \12\ See Letter from David S. Shillman, Associate Director, 
Division of Trading and Markets, Commission, to Eric Swanson, EVP, 
General Counsel and Secretary, Exchange, dated September 13, 2016; 
see also Letter from Eric Swanson, EVP, General Counsel and 
Secretary, Exchange, to Brent J. Fields, Secretary, Commission, 
dated September 9, 2016.
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    The Plan is designed to allow the Commission, market participants, 
and the public to study and assess the impact of increment conventions 
on the liquidity and trading of the common stock of small-
capitalization companies. Each Participant is required to comply, and 
to enforce compliance by its member organizations, as applicable, with 
the provisions of the Plan.
    The Exchange adopted rule amendments to implement the requirements 
of the Plan, including relating to the Plan's data collection 
requirements and requirements relating to Web site data 
publication.\13\ Specifically, with respect to the Web site data 
publication requirements pursuant to Section VII and Appendices B and C 
to the Plan, Exchange Rule 11.27(b)(2) provides, among other things, 
that the Exchange shall make the data required by Items I and II of 
Appendix B to the Plan, and collected pursuant to paragraph (b)(2)(A) 
of Rule 11.27, publicly available on the Exchange's Web site on a 
monthly basis at no charge and shall not identify the Trading Center 
that generated the data. Exchange Rule 11.27(b)(3)(C), provides, among 
other things, that the Exchange shall make the data required by Item IV 
of Appendix B to the Plan, and collected pursuant to paragraph (b)(3) 
of Rule 11.27, publicly available on the Exchange's Web site on a 
monthly basis at no charge and shall not identify the Trading Center 
that generated the data. Exchange Rule 11.27(b)(5) provides, among 
other things, shall collect and transmit to the Commission data 
described in Item III of Appendix B of the Plan relating to daily 
Market Maker registration statistics, but does not currently include a 
provision requiring the Exchange to publish such data to its Web 
site.\14\ Interpretation and Policy .08 to Exchange Rule 11.27(b) 
provides, among other things, that the requirement that Exchange or 
Designated Examining Authority (``DEA'') make certain data publicly 
available on their Web site pursuant to Appendix B and C to the Plan 
shall commence at the beginning of the Pilot Period.\15\
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    \13\ See, e.g., Securities Exchange Act Release Nos. 77418 
(March 22, 2016), 81 FR 17213 (March 28, 2016); and 78795 (September 
9, 2016), 81 FR 63508 (September 15, 2016). See also Letter from 
David S. Shillman, Associate Director, Division of Trading and 
Markets, Commission, to Marcia E. Asquith, Senior Vice President and 
Corporate Secretary, FINRA, dated February 17, 2016.
    \14\ Section VII.A. 4 of the Plan.
    \15\ The Exchange understands that some Market Makers may 
utilize a DEA that is not a Participant to the Plan and that their 
DEA would not be subject to the Plan's data collection requirements. 
Exchange rules require members that are Market Makers whose DEA is 
not a Participant to the Plan to transmit transaction data for 
Market Maker participation and profitability calculations to FINRA. 
See paragraphs (3)(B) and (4)(B) of Exchange Rule 11.27(b).
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    The Exchange is proposing amendments to Rule 11.27(b)(2) (regarding 
Appendix B.I and B.II data) and Rule 11.27(b)(3)(C) (regarding Appendix 
B.IV data), to provide that data required to be made available on 
Exchange's or DEA's Web site be published within 120 calendar days 
following month end. The Exchange also proposes to add a provision to 
Rule 11.27(b)(5) to state that the Exchange shall make data collected 
under Appendix B.III publicly available on the Exchange Web site within 
120 calendar days following month end at no charge. In addition, the 
proposed amendments to Interpretation and Policy .08 to Exchange Rule 
11.27(b) would provide that, notwithstanding the provisions of 
paragraphs (b)(2), (b)(3)(C), and (b)(5), the Exchange and DEA shall 
make data for the Pre-Pilot period publicly available on their Web site 
pursuant to Appendix B and C to the Plan by February 28, 2017.\16\ The 
purpose of delaying the publication of the Web site data is to address 
confidentiality concerns by providing for the passage of additional 
time between the market information reflected in the data and the 
public availability of such information. The Exchange has filed the 
proposed rule change for immediate effectiveness and has requested that 
the Commission waive the 30-day operative delay. If the Commission 
waives the 30-day operative delay, the operative date of the proposed 
rule change will be the date of filing.
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    \16\ With respect to data for the Pilot Period, the requirement 
that the Exchange and DEA make data publicly available on their Web 
site pursuant to Appendix B and C to the Plan shall continue to 
commence at the beginning of the Pilot Period. Thus, the first Web 
site publication date for Pilot Period data (covering October 2016) 
would be published on the Exchange's or DEA's Web site by February 
28, 2017, which is 120 days following the end of October 2016.
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2. Statutory Basis
    The Exchange believes that its proposal is consistent with Section 
6(b) of the Act \17\ in general, and furthers the objectives of Section 
6(b)(5) of the Act \18\ in particular, in that it is designed to 
promote just and equitable principles of trade, to foster cooperation 
and coordination with persons engaged in facilitating transactions in 
securities, to remove impediments to and perfect the 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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    \17\ 15 U.S.C. 78f(b).
    \18\ 15 U.S.C. 78f(b)(5).
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    The Exchange believes that this proposal is consistent with the Act 
because it is designed to assist the Participants in meeting their 
regulatory obligations pursuant to the Plan and is in furtherance of 
the objectives of the Plan, as identified by the SEC. The Exchange 
believes that the instant proposal is consistent with the Act in that 
it is designed to addresses confidentiality concerns by permitting the 
Exchange to delay Web site publication to provide for passage of 
additional time between the market information reflected in the data 
and the public availability of such information.

(B) Self-Regulatory Organization's Statement on Burden on Competition

    The Exchange does not believe that the proposed rule change will 
result in any burden on competition that is not necessary or 
appropriate in furtherance of the purposes of the Act. The Exchange 
notes that the proposed rule change implements the provisions of the 
Plan, and is designed to assist the Participants in meeting their 
regulatory obligations pursuant to the Plan.
    The proposal is intended to addresses confidentiality concerns that 
may adversely impact competition, especially for Pilot Securities that 
may have a relatively small number of designated Market Makers, by 
permitting the Exchange to delay Web site publication to provide for 
passage of additional time between the market information reflected in 
the data and the public availability of such information. The proposal 
does not alter the information required to be submitted to the SEC.

[[Page 91967]]

(C) Self-Regulatory Organization's Statement on Comments on the 
Proposed Rule Change Received From Members, Participants or Others

    Written comments were neither solicited nor received.\19\
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    \19\ See Letter from Mary Lou Von Kaenel, Managing Director, 
Financial Information Forum, to David S. Shillman, Associate 
Director, Division of Trading and Markets, Commission, dated August 
16, 2016.
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III. Date of Effectiveness of the Proposed Rule Change and Timing for 
Commission Action

    Because the foregoing 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) \20\ of the Act and Rule 19b-
4(f)(6) thereunder.\21\
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    \20\ 15 U.S.C. 78s(b)(3)(A).
    \21\ 17 CFR 240.19b-4(f)(6).
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    A proposed rule change filed under Rule 19b-4(f)(6) \22\ normally 
does not become operative prior to 30 days after the date of the 
filing. However, pursuant to Rule 19b-4(f)(6)(iii),\23\ the Commission 
may designate a shorter time if such action is consistent with the 
protection of investors and the public interest. The Exchange has filed 
the proposed rule change for immediate effectiveness and has requested 
that the Commission waive the requirement that the proposed rule change 
not become operative for 30 days after the date of the filing so that 
it may become operative immediately.
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    \22\ 17 CFR 240.19b-4(f)(6).
    \23\ 17 CFR 240.19b-4(f)(6)(iii)
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    The Exchange notes that the proposed rule change implements the 
provisions of the Plan, and is designed to assist the Participants in 
meeting their regulatory obligations pursuant to the Plan. The proposal 
is intended to address confidentiality concerns by permitting the 
Exchange to delay Web site publication to provide for passage of 
additional time between the market information reflected in the data 
and the public availability of such information. The proposal also does 
not alter the information required to be submitted to the SEC.
    The Commission believes that waiving the 30-day operative delay is 
consistent with the protection of investors and the public interest 
because it will allow the Exchange to implement proposed changes that 
are intended to address confidentiality concerns. The Commission notes 
that some Pilot data was scheduled to be published on November 30, 
2016. Therefore, the Commission hereby waives the 30-day operative 
delay and designates the proposed rule change to be operative as of 
November 30, 2016.\24\
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    \24\ For purposes only of waiving the operative delay for this 
proposal, the Commission has considered the proposed rule's impact 
on efficiency, competition, and capital formation. See 15 U.S.C. 
78c(f).
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    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.\25\ If the 
Commission takes such action, the Commission shall institute 
proceedings to determine whether the proposed rule should be approved 
or disapproved.
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    \25\ 15 U.S.C. 78s(b)(3)(C).
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IV. Solicitation of Comments

    Interested persons are invited to submit written data, views and 
arguments concerning the foregoing, including whether the proposal 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 No. SR-BatsBYX-2016-37 on the subject line.

Paper Comments

     Send paper comments in triplicate to Secretary, Securities 
and Exchange Commission, 100 F Street NE., Washington, DC 20549-1090.
All submissions should refer to File No. SR-BatsBYX-2016-37. 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 will also 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 No. SR-BatsBYX-2016-37 and 
should be submitted on or before January 9, 2017.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\26\
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    \26\ 17 CFR 200.30-3(a)(12).
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Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2016-30387 Filed 12-16-16; 8:45 am]
 BILLING CODE 8011-01-P
Federal Register / Vol. 81, No. 243 / Monday, December 19, 2016 / Notices 91965

III. Date of Effectiveness of the 10:00 a.m. and 3:00 p.m. Copies of the I. Self-Regulatory Organization’s
Proposed Rule Change, and Timing for filing also will be available for Statement of the Terms of Substance of
Commission Action inspection and copying at the principal the Proposed Rule Change
The foregoing rule change has become office of FICC and on DTCC’s Web site The Exchange filed a proposal to
effective pursuant to Section (http://dtcc.com/legal/sec-rule- amend Exchange Rule 11.27(b)
19(b)(3)(A) 8 of the Act and paragraph (f) filings.aspx). All comments received regarding the data collection
of Rule 19b–4 9 thereunder. At any time will be posted without change; the requirements of the Regulation NMS
within 60 days of the filing of the Commission does not edit personal Plan to Implement a Tick Size Pilot
proposed rule change, the Commission identifying information from Program (‘‘Plan’’).
summarily may temporarily suspend submissions. You should submit only The text of the proposed rule change
such rule change if it appears to the information that you wish to make is available at the Exchange’s Web site
Commission that such action is available publicly. All submissions at www.batstrading.com, at the
necessary or appropriate in the public should refer to File Number SR–FICC– principal office of the Exchange, and at
interest, for the protection of investors, 2016–008 and should be submitted on the Commission’s Public Reference
or otherwise in furtherance of the or before January 9, 2017. Room.
purposes of the Act.
For the Commission, by the Division of II. Self-Regulatory Organization’s
IV. Solicitation of Comments Trading and Markets, pursuant to delegated Statement of the Purpose of, and
Interested persons are invited to authority.10 Statutory Basis for, the Proposed Rule
submit written data, views and Eduardo A. Aleman, Change
arguments concerning the foregoing, Assistant Secretary. In its filing with the Commission, the
including whether the proposed rule [FR Doc. 2016–30388 Filed 12–16–16; 8:45 am] Exchange included statements
change is consistent with the Act. concerning the purpose of and basis for
BILLING CODE 8011–01–P
Comments may be submitted by any of the proposed rule change and discussed
the following methods: any comments it received on the
Electronic Comments SECURITIES AND EXCHANGE proposed rule change. The text of these
COMMISSION statements may be examined at the
• Use the Commission’s Internet
places specified in Item IV below. The
comment form
(http://www.sec.gov/rules/sro.shtml); [Release No. 34–79534; File No. SR–
Exchange has prepared summaries, set
or BatsBYX–2016–37]
forth in Sections A, B, and C below, of
• Send an email to rule-comments@ the most significant parts of such
sec.gov. Please include File Number SR– Self-Regulatory Organizations; Bats statements.
FICC–2016–008 on the subject line. BYX Exchange, Inc.; Notice of Filing (A) Self-Regulatory Organization’s
Paper Comments and Immediate Effectiveness of a Statement of the Purpose of, and
Proposed Rule Change To Amend Statutory Basis for, the Proposed Rule
• Send paper comments in triplicate Exchange Rule 11.27(b) Regarding the Change
to Secretary, Securities and Exchange Data Collection Requirements of the
Commission, 100 F Street NE., 1. Purpose
Regulation NMS Plan To Implement a
Washington, DC 20549. Tick Size Pilot Program On August 25, 2014, the Exchange,
All submissions should refer to File and several other self-regulatory
Number SR–FICC–2016–008. This file December 13, 2016. organizations (the ‘‘Participants’’) filed
number should be included on the with the Commission, pursuant to
subject line if email is used. To help the Pursuant to Section 19(b)(1) of the
Securities Exchange Act of 1934 (the Section 11A of the Act 5 and Rule 608
Commission process and review your of Regulation NMS thereunder,6 the
comments more efficiently, please use ‘‘Act’’),1 and Rule 19b–4 thereunder,2
notice is hereby given that on November Plan to Implement a Tick Size Pilot
only one method. The Commission will Program.7 The Participants filed the
post all comments on the Commission’s 30, 2016, Bats BYX Exchange, Inc. (the
‘‘Exchange’’ or ‘‘BYX’’) filed with the Plan to comply with an order issued by
Internet Web site (http://www.sec.gov/ the Commission on June 24, 2014.8 The
rules/sro.shtml). Copies of the Securities and Exchange Commission
(‘‘Commission’’) the proposed rule Plan was published for comment in the
submission, all subsequent Federal Register on November 7, 2014,
amendments, all written statements change as described in Items I and II
and approved by the Commission, as
with respect to the proposed rule below, which Items have been prepared
modified, on May 6, 2015.9 The
change that are filed with the by the Exchange. The Exchange has
Commission approved the Pilot on a
Commission, and all written designated this proposal as a ‘‘non- two-year basis, with implementation to
communications relating to the controversial’’ proposed rule change begin no later than May 6, 2016.10 On
proposed rule change between the pursuant to Section 19(b)(3)(A) of the November 6, 2015, the SEC exempted
Commission and any person, other than Act 3 and Rule 19b–4(f)(6)(iii) the Participants from implementing the
those that may be withheld from the thereunder,4 which renders it effective
public in accordance with the upon filing with the Commission. The 5 15 U.S.C. 78k–1.
provisions of 5 U.S.C. 552, will be Commission is publishing this notice to 6 17 CFR 242.608.
sradovich on DSK3GMQ082PROD with NOTICES

available for Web site viewing and solicit comments on the proposed rule 7 See Letter from Brendon J. Weiss, Vice

printing in the Commission’s Public change from interested persons. President, Intercontinental Exchange, Inc., to
Reference Room, 100 F Street NE., Secretary, Commission, dated August 25, 2014.
8 See Securities Exchange Act Release No 72460
Washington, DC 20549 on official 10 17 CFR 200.30–3(a)(12). (June 24, 2014), 79 FR 36840 (June 30, 2014).
business days between the hours of 1 15 U.S.C. 78s(b)(1). 9 See Securities Exchange Act Release No. 74892
2 17 CFR 240.19b–4.
(May 6, 2015), 80 FR 27513 (May 13, 2015)
8 15 U.S.C. 78s(b)(3)(A). 3 15 U.S.C. 78s(b)(3)(A). (‘‘Approval Order’’).
9 17 CFR 240.19b–4(f). 4 17 CFR 240.19b–4(f)(6)(iii). 10 See Approval Order at 27533 and 27545.

VerDate Sep<11>2014 20:55 Dec 16, 2016 Jkt 241001 PO 00000 Frm 00066 Fmt 4703 Sfmt 4703 E:\FR\FM\19DEN1.SGM 19DEN1
Federal Register / Vol. 81, No. 243 / Monday, December 19, 2016 / Notices 91967

(C) Self-Regulatory Organization’s some Pilot data was scheduled to be available for Web site viewing and
Statement on Comments on the published on November 30, 2016. printing in the Commission’s Public
Proposed Rule Change Received From Therefore, the Commission hereby Reference Room, 100 F Street NE.,
Members, Participants or Others waives the 30-day operative delay and Washington, DC 20549, on official
Written comments were neither designates the proposed rule change to business days between the hours of
solicited nor received.19 be operative as of November 30, 2016.24 10:00 a.m. and 3:00 p.m. Copies of such
At any time within 60 days of the filing will also be available for
III. Date of Effectiveness of the filing of the proposed rule change, the inspection and copying at the principal
Proposed Rule Change and Timing for Commission summarily may office of the Exchange. All comments
Commission Action temporarily suspend such rule change if received will be posted without change;
Because the foregoing proposed rule it appears to the Commission that such the Commission does not edit personal
change does not: (i) Significantly affect action is necessary or appropriate in the identifying information from
the protection of investors or the public public interest, for the protection of submissions. You should submit only
interest; (ii) impose any significant investors, or otherwise in furtherance of information that you wish to make
burden on competition; and (iii) become the purposes of the Act.25 If the available publicly.
operative for 30 days from the date on Commission takes such action, the All submissions should refer to File
which it was filed, or such shorter time Commission shall institute proceedings No. SR–BatsBYX–2016–37 and should
as the Commission may designate, it has to determine whether the proposed rule be submitted on or before January 9,
become effective pursuant to Section should be approved or disapproved. 2017.
19(b)(3)(A) 20 of the Act and Rule 19b– IV. Solicitation of Comments For the Commission, by the Division of
4(f)(6) thereunder.21 Trading and Markets, pursuant to delegated
A proposed rule change filed under Interested persons are invited to authority.26
Rule 19b–4(f)(6) 22 normally does not submit written data, views and Eduardo A. Aleman,
become operative prior to 30 days after arguments concerning the foregoing, Assistant Secretary.
the date of the filing. However, pursuant including whether the proposal is [FR Doc. 2016–30387 Filed 12–16–16; 8:45 am]
to Rule 19b–4(f)(6)(iii),23 the consistent with the Act. Comments may BILLING CODE 8011–01–P
Commission may designate a shorter be submitted by any of the following
time if such action is consistent with the methods:
protection of investors and the public Electronic Comments SECURITIES AND EXCHANGE
interest. The Exchange has filed the COMMISSION
proposed rule change for immediate • Use the Commission’s Internet
effectiveness and has requested that the comment form (http://www.sec.gov/ [Release No. 34–79540; File No. SR–CBOE–
rules/sro.shtml); or 2016–082]
Commission waive the requirement that
the proposed rule change not become • Send an email to rule-comments@
sec.gov. Please include File No. SR– Self-Regulatory Organizations;
operative for 30 days after the date of Chicago Board Options Exchange,
the filing so that it may become BatsBYX–2016–37 on the subject line.
Incorporated; Notice of Filing of a
operative immediately. Paper Comments Proposed Rule Change Related to
The Exchange notes that the proposed
rule change implements the provisions • Send paper comments in triplicate Rules Regarding the Responsibility for
to Secretary, Securities and Exchange Ensuring Compliance With Open
of the Plan, and is designed to assist the Outcry Priority and Allocation
Participants in meeting their regulatory Commission, 100 F Street NE.,
Washington, DC 20549–1090. Requirements and Trade-Through
obligations pursuant to the Plan. The Prohibitions
All submissions should refer to File No.
proposal is intended to address
confidentiality concerns by permitting SR–BatsBYX–2016–37. This file number
December 13, 2016.
the Exchange to delay Web site should be included on the subject line
Pursuant to Section 19(b)(1) of the
publication to provide for passage of if email is used. To help the
Securities Exchange Act of 1934 (the
additional time between the market Commission process and review your
‘‘Act’’),1 and Rule 19b–4 thereunder,2
information reflected in the data and the comments more efficiently, please use
notice is hereby given that on December
public availability of such information. only one method. The Commission will
1, 2016, Chicago Board Options
The proposal also does not alter the post all comments on the Commission’s
Exchange, Incorporated (the ‘‘Exchange’’
information required to be submitted to Internet Web site (http://www.sec.gov/
or ‘‘CBOE’’) filed with the Securities
the SEC. rules/sro.shtml). Copies of the
and Exchange Commission (the
The Commission believes that submission, all subsequent
‘‘Commission’’) the proposed rule
waiving the 30-day operative delay is amendments, all written statements
change as described in Items I, II, and
consistent with the protection of with respect to the proposed rule
III below, which Items have been
investors and the public interest change that are filed with the
prepared by the Exchange. The
because it will allow the Exchange to Commission, and all written
Commission is publishing this notice to
implement proposed changes that are communications relating to the
solicit comments on the proposed rule
intended to address confidentiality proposed rule change between the
change from interested persons.
concerns. The Commission notes that Commission and any person, other than
those that may be withheld from the I. Self-Regulatory Organization’s
public in accordance with the Statement of the Terms of Substance of
sradovich on DSK3GMQ082PROD with NOTICES

19 See Letter from Mary Lou Von Kaenel,
Managing Director, Financial Information Forum, to provisions of 5 U.S.C. 552, will be the Proposed Rule Change
David S. Shillman, Associate Director, Division of
Trading and Markets, Commission, dated August The Exchange seeks to amend
24 For purposes only of waiving the operative
16, 2016. delay for this proposal, the Commission has
Exchange rules regarding
20 15 U.S.C. 78s(b)(3)(A).
considered the proposed rule’s impact on
21 17 CFR 240.19b–4(f)(6). 26 17 CFR 200.30–3(a)(12).
efficiency, competition, and capital formation. See
22 17 CFR 240.19b–4(f)(6). 15 U.S.C. 78c(f). 1 15 U.S.C. 78s(b)(1).
23 17 CFR 240.19b–4(f)(6)(iii) 25 15 U.S.C. 78s(b)(3)(C). 2 17 CFR 240.19b–4.

VerDate Sep<11>2014 20:55 Dec 16, 2016 Jkt 241001 PO 00000 Frm 00068 Fmt 4703 Sfmt 4703 E:\FR\FM\19DEN1.SGM 19DEN1
Document Created: 2016-12-17 03:15:21
Document Modified: 2016-12-17 03:15:21
Category		Regulatory Information
Collection		Federal Register
sudoc Class		AE 2.7: GS 4.107: AE 2.106:
Publisher		Office of the Federal Register, National Archives and Records Administration
Section		Notices
FR Citation		81 FR 91965