81 FR 92927 - Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Amend Rule 4702 To Adopt a New Retail Post-Only Order

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 81, Issue 244 (December 20, 2016)

Page Range		92927-92927
FR Document		2016-30559

Federal Register, Volume 81 Issue 244 (Tuesday, December 20, 2016)

[Federal Register Volume 81, Number 244 (Tuesday, December 20, 2016)]
[Notices]
[Page 92927]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-30559]


-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-79554; File No. SR-NASDAQ-2016-141]


Self-Regulatory Organizations; The Nasdaq Stock Market LLC; 
Notice of Designation of a Longer Period for Commission Action on a 
Proposed Rule Change To Amend Rule 4702 To Adopt a New Retail Post-Only 
Order

December 14, 2016.
    On October 13, 2016, The Nasdaq Stock Market LLC (``Exchange'') 
filed with the Securities and Exchange Commission (``Commission''), 
pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 
(``Act'') \1\ and Rule 19b-4 thereunder,\2\ a proposed rule change to 
amend Exchange Rule 4702 to adopt a new Retail Post-Only Order. The 
proposed rule change was published for comment in the Federal Register 
on November 1, 2016.\3\ The Commission received one comment letter on 
the proposed rule change.\4\
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ See Securities Exchange Act Release No. 79163 (October 26, 
2016), 81 FR 75862.
    \4\ See Letter from Joseph Saluzzi and Sal Arnuk, Partners, 
Themis Trading LLC, to Brent J. Fields, Secretary, Commission, dated 
November 7, 2016.
---------------------------------------------------------------------------

    Section 19(b)(2) of the Act \5\ provides that, within 45 days of 
the publication of notice of the filing of a proposed rule change, or 
within such longer period up to 90 days as the Commission may designate 
if it finds such longer period to be appropriate and publishes its 
reasons for so finding or as to which the self-regulatory organization 
consents, the Commission shall either approve the proposed rule change, 
disapprove the proposed rule change, or institute proceedings to 
determine whether the proposed rule change should be disapproved. The 
45th day after publication of the notice for this proposed rule change 
is December 16, 2016. The Commission is extending this 45-day time 
period.
---------------------------------------------------------------------------

    \5\ 15 U.S.C. 78s(b)(2).
---------------------------------------------------------------------------

    The Commission finds that it is appropriate to designate a longer 
period within which to take action on the proposed rule change so that 
it has sufficient time to consider the proposed rule change. 
Accordingly, the Commission, pursuant to Section 19(b)(2) of the 
Act,\6\ designates January 30, 2017, as the date by which the 
Commission shall either approve or disapprove or institute proceedings 
to determine whether to disapprove the proposed rule change (File 
Number SR-NASDAQ-2016-141).
---------------------------------------------------------------------------

    \6\ 15 U.S.C. 78s(b)(2).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\7\
Robert W. Errett,
Deputy Secretary.
---------------------------------------------------------------------------

    \7\ 17 CFR 200.30-3(a)(31).
---------------------------------------------------------------------------

[FR Doc. 2016-30559 Filed 12-19-16; 8:45 am]
BILLING CODE 8011-01-P

Federal Register / Vol. 81, No. 244 / Tuesday, December 20, 2016 / Notices 92927

B. Self-Regulatory Organization’s All submissions should refer to File Exchange Act of 1934 (‘‘Act’’) 1 and Rule
Statement on Burden on Competition Number SR–CBOE–2016–081. This file 19b–4 thereunder,2 a proposed rule
The Exchange does not believe the number should be included on the change to amend Exchange Rule 4702 to
proposed rule change will impose any subject line if email is used. To help the adopt a new Retail Post-Only Order. The
burden on competition not necessary or Commission process and review your proposed rule change was published for
appropriate in furtherance of the comments more efficiently, please use comment in the Federal Register on
purposes of the Act. The proposed rule only one method. The Commission will November 1, 2016.3 The Commission
will have no impact on competition post all comments on the Commission’s received one comment letter on the
because there is no change to the fee. Internet Web site (http://www.sec.gov/ proposed rule change.4
The proposed rule change is merely rules/sro.shtml). Copies of the
submission, all subsequent Section 19(b)(2) of the Act 5 provides
changing the Web site on which the data that, within 45 days of the publication
will be available for purchase and amendments, all written statements
with respect to the proposed rule of notice of the filing of a proposed rule
adopting a substantively identical fee change, or within such longer period up
schedule for the new Web site. change that are filed with the
Commission, and all written to 90 days as the Commission may
C. Self-Regulatory Organization’s communications relating to the designate if it finds such longer period
Statement on Comments on the proposed rule change between the to be appropriate and publishes its
Proposed Rule Change Received From Commission and any person, other than reasons for so finding or as to which the
Members, Participants, or Others those that may be withheld from the self-regulatory organization consents,
The Exchange neither solicited nor public in accordance with the the Commission shall either approve the
received comments on the proposed provisions of 5 U.S.C. 552, will be proposed rule change, disapprove the
rule change. available for Web site viewing and proposed rule change, or institute
printing in the Commission’s Public proceedings to determine whether the
III. Date of Effectiveness of the Reference Room, 100 F Street NE., proposed rule change should be
Proposed Rule Change and Timing for Washington, DC 20549 on official
Commission Action disapproved. The 45th day after
business days between the hours of publication of the notice for this
The foregoing rule change has become 10:00 a.m. and 3:00 p.m. Copies of the proposed rule change is December 16,
effective pursuant to Section 19(b)(3)(A) filing also will be available for 2016. The Commission is extending this
of the Act 9 and paragraph (f) of Rule inspection and copying at the principal 45-day time period.
19b–4 10 thereunder. At any time within office of the Exchange. All comments
60 days of the filing of the proposed rule received will be posted without change; The Commission finds that it is
change, the Commission summarily may the Commission does not edit personal appropriate to designate a longer period
temporarily suspend such rule change if identifying information from within which to take action on the
it appears to the Commission that such submissions. You should submit only proposed rule change so that it has
action is necessary or appropriate in the information that you wish to make sufficient time to consider the proposed
public interest, for the protection of available publicly. All submissions rule change. Accordingly, the
investors, or otherwise in furtherance of should refer to File Number SR–CBOE– Commission, pursuant to Section
the purposes of the Act. If the 2016–081 and should be submitted on 19(b)(2) of the Act,6 designates January
Commission takes such action, the or before January 10, 2017. 30, 2017, as the date by which the
Commission will institute proceedings For the Commission, by the Division of Commission shall either approve or
to determine whether the proposed rule Trading and Markets, pursuant to delegated disapprove or institute proceedings to
change should be approved or authority.11 determine whether to disapprove the
disapproved. Robert W. Errett, proposed rule change (File Number SR–
IV. Solicitation of Comments Deputy Secretary. NASDAQ–2016–141).
[FR Doc. 2016–30565 Filed 12–19–16; 8:45 am] For the Commission, by the Division of
Interested persons are invited to
submit written data, views, and BILLING CODE 8011–01–P Trading and Markets, pursuant to delegated
arguments concerning the foregoing, authority.7
including whether the proposed rule Robert W. Errett,
change is consistent with the Act. SECURITIES AND EXCHANGE
Deputy Secretary.
Comments may be submitted by any of COMMISSION
[FR Doc. 2016–30559 Filed 12–19–16; 8:45 am]
the following methods: [Release No. 34–79554; File No. SR– BILLING CODE 8011–01–P
NASDAQ–2016–141]
Electronic Comments
• Use the Commission’s Internet Self-Regulatory Organizations; The
comment form (http://www.sec.gov/ Nasdaq Stock Market LLC; Notice of
rules/sro.shtml); or Designation of a Longer Period for
• Send an email to rule-comments@ Commission Action on a Proposed
sec.gov. Please include File Number SR– Rule Change To Amend Rule 4702 To
CBOE–2016–081 on the subject line. Adopt a New Retail Post-Only Order 1 15 U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
Paper Comments December 14, 2016.
mstockstill on DSK3G9T082PROD with NOTICES

3 See Securities Exchange Act Release No. 79163
• Send paper comments in triplicate On October 13, 2016, The Nasdaq (October 26, 2016), 81 FR 75862.
to Secretary, Securities and Exchange Stock Market LLC (‘‘Exchange’’) filed 4 See Letter from Joseph Saluzzi and Sal Arnuk,

Commission, 100 F Street NE., with the Securities and Exchange Partners, Themis Trading LLC, to Brent J. Fields,
Washington, DC 20549–1090. Commission (‘‘Commission’’), pursuant Secretary, Commission, dated November 7, 2016.
to Section 19(b)(1) of the Securities 5 15 U.S.C. 78s(b)(2).

9 15 6 15 U.S.C. 78s(b)(2).
U.S.C. 78s(b)(3)(A).
10 17 CFR 240.19b–4(f). 11 17 CFR 200.30–3(a)(12). 7 17 CFR 200.30–3(a)(31).

VerDate Sep<11>2014 19:36 Dec 19, 2016 Jkt 241001 PO 00000 Frm 00158 Fmt 4703 Sfmt 9990 E:\FR\FM\20DEN1.SGM 20DEN1

Document Created: 2018-02-14 09:09:58
Document Modified: 2018-02-14 09:09:58

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 92927