82 FR 13175 - Self-Regulatory Organizations; NASDAQ BX, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Chapter X, Section 7(a) of the Exchange's Rules Relating to Minor Rule Violation Penalties for Position Limit Violations

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 82, Issue 45 (March 9, 2017)

Page Range		13175-13176
FR Document		2017-04607
Federal Register, Volume 82 Issue 45 (Thursday, March 9, 2017)
[Federal Register Volume 82, Number 45 (Thursday, March 9, 2017)]
[Notices]
[Pages 13175-13176]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-04607]


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

SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-80155; File No. SR-BX-2017-014]


Self-Regulatory Organizations; NASDAQ BX, Inc.; Notice of Filing 
and Immediate Effectiveness of Proposed Rule Change To Amend Chapter X, 
Section 7(a) of the Exchange's Rules Relating to Minor Rule Violation 
Penalties for Position Limit Violations

March 3, 2017.
    Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 
(``Act''),\1\ and Rule 19b-4 thereunder,\2\ notice is hereby given that 
on February 28, 2017, NASDAQ BX, Inc. (``BX'' or ``Exchange'') filed 
with the Securities and Exchange Commission (``SEC'' or ``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.
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 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 Chapter X, Section 7(a) of the 
Exchange's Rules, as described in further detail below.
    The text of the proposed rule change is available on the Exchange's 
Web site at http://nasdaqbx.cchwallstreet.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 aspects of such 
statements.

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

1. Purpose
    The purpose of the proposed rule change is to amend Chapter X, 
Section 7(a) of the Exchange's rules (the ``Rules''), which sets forth 
the Exchange's minor rule violation penalties and in particular, 
penalties for violating Chapter III, Section 7 of the Rules pertaining 
to position limits, so that these penalties are consistent with those 
of BX's sister exchange, the International Securities Exchange, LLC 
(``ISE''), as well as other competing options exchanges.
    Chapter III, Section 7 of the Exchange's Rules imposes position 
limits for Options Participants in certain circumstances. Meanwhile, 
Chapter X, Section 7(a) of the Rules assesses fines for minor rule 
violations, including position limits violations, as follows.
    First, for violations occurring in customer accounts, Section 
7(a)(i) assesses fines based upon the cumulative number of violations 
that occur over the course of a two year rolling period. For the first 
six violations that occur during any such period, an Option Participant 
will either be issued a letter of caution (to the extent that the 
violations are up to five percent in excess of applicable limits) or 
assessed $1 per contract (to the extent that the violations are more 
than five percent in excess of applicable limits). For the seventh 
through twelfth violations that occur during any such period, the fine 
is $1 per contract over the limit, regardless of the extent of the 
violations. Finally, for the thirteenth or any additional violations 
that occur during any such period, the fine increases to $5 per 
contract over the limit. Notwithstanding the above, the Rule provides 
that the minimum fine that the Exchange shall assess is $100.
    Second, for violations that occur in the accounts of Options 
Participants (i.e., proprietary accounts and accounts of other Options 
Participants), Section 7(a)(ii) again assesses fines based upon the 
cumulative number of violations that occur over the course of a two 
year rolling period. For the first three violations that occur in any 
such period, an Option Participant will either be assessed a letter of 
caution (to the extent that the violations are up to five percent in 
excess of applicable limits) or $1 per contract (to the extent that the 
violations are more than five percent in excess of applicable limits). 
For the fourth through the sixth violations that occur during any such 
period, the fine is $1 per contract over the limit, regardless of the 
extent of the violations. Finally, for the seventh or any additional 
violations that occur during any such period, the fine increases to $5 
per contract over the limit. Notwithstanding the above, the Rule 
provides that the minimum fine that the Exchange shall assess is $100.
    The Exchange proposes to replace its schedule of fines for position 
limit violations to mirror the schedule of fines that ISE and other 
exchanges apply to such violations. The ISE schedule of position limits 
fines set forth in ISE Rule 1614(d) is simpler and, in certain 
instances, more stringent than the BX schedule of fines. It provides 
that for any cumulative violations of the ISE position limits rule \3\ 
that occur during any rolling two year period, ISE assesses a fine of 
$500 for the first offense, $1,000 for the second offense, $2,500 for 
the third offense, and $5,000 for the fourth and each subsequent 
offense. The ISE rule is identical to that which several other 
exchanges employ.\4\ The proposed rule change conforms the fine 
schedule of BX to that of ISE.
---------------------------------------------------------------------------

    \3\ ISE Rule 1614(d)(1) counts as a single violation, provided 
that such a violation is inadvertent: (i) A 1 trade date overage; 
(ii) a consecutive string of trade date overage violations where the 
position does not change or where a steady reduction in the overage 
occurs; or (iii) a consecutive string of trade date overage 
violations resulting from other mitigating circumstances.
    \4\ See BATS BZX Exchange, Inc. Rule 25.3(a); C2 Options 
Exchange Rule Chapter 17 (incorporating by reference CBOE Rule 
17.50(g)(1)); see also NYSE Arca, Inc. Rule 10.12(k)(i)(21) 
(imposing fines of $1,000, $2,500, and $5,000 for the first, second, 
and third violations, respectively while omitting corresponding 
verbiage that defines the nature of a single violation subject to a 
fine).
---------------------------------------------------------------------------

2. Statutory Basis
    The Exchange believes that its proposal is consistent with Section 
6(b) of the Act,\5\ in general, and furthers the objectives of Section 
6(b)(5) of the Act,\6\ in particular, in that it is designed to prevent 
fraudulent and manipulative acts and practices, to promote just and 
equitable principles of trade, to remove impediments to and perfect the 
mechanisms of a free and open market and a national market system and, 
in general, to protect investors and the public interest.
---------------------------------------------------------------------------

    \5\ 15 U.S.C. 78f(b).
    \6\ 15 U.S.C. 78f(b)(5).
---------------------------------------------------------------------------

    The Exchange believes that its proposed Rule change will be more 
effective than the existing Rule in preventing manipulative acts and 
practices and protecting investors because under the proposed Rule, the 
Exchange will immediately impose a fine upon an Options Participant 
that violates its position limits, and it will do so regardless of the 
extent of the

[[Page 13176]]

violation, as opposed to only imposing a fine (rather than a caution 
letter) after the first six violations or to the extent that a 
violation exceeds 5 percent of the applicable limits.
    Moreover, the proposed Rule change promotes fairness and 
consistency in the marketplace by harmonizing penalties across 
exchanges for the same conduct. As noted above, the proposed schedule 
of fines would be identical to the schedules of fines that ISE, BATS 
BZX, and C2 Options Exchange presently employ, and similar to that 
which NYSE Arca employs.

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 not necessary or appropriate in 
furtherance of the purposes of the Act. The proposal will adopt the 
same schedule of fines as exists at other exchanges and it will apply 
the same schedule of fines to all Options Participants.

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

    No written comments were either solicited or received.

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 prior to 
30 days from the date on which it was filed, or such shorter time as 
the Commission may designate, if consistent with the protection of 
investors and the public interest, the proposed rule change has become 
effective pursuant to Section 19(b)(3)(A) of the Act and Rule 19b-
4(f)(6)(iii) thereunder.\7\
---------------------------------------------------------------------------

    \7\ In addition, Rule 19b-4(f)(6)(iii) requires the Exchange to 
give the Commission written notice of the Exchange's intent to file 
the proposed rule change, along with a brief description and 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. The Exchange has satisfied this 
requirement.
---------------------------------------------------------------------------

    A proposed rule change filed under Rule 19b-4(f)(6) \8\ normally 
does not become operative prior to 30 days after the date of the 
filing. However, Rule 19b-4(f)(6)(iii) \9\ 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. The Exchange states that 
the proposed rule change helps to protect investors and to prevent 
manipulative acts by enabling the Exchange to immediately impose a fine 
upon an Options Participant for position limit violations. The Exchange 
further states that the proposed rule change promotes fairness and 
consistency in the marketplace by unifying the Exchange's schedule of 
fines with schedules imposed by other exchanges.
---------------------------------------------------------------------------

    \8\ 17 CFR 240.19b-4(f)(6).
    \9\ 17 CFR 240.19b-4(f)(6)(iii).
---------------------------------------------------------------------------

    The Commission believes that waiver of the 30-day operative delay 
is consistent with the protection of investors and the public interest. 
The Commission notes that the proposal harmonizes the Exchange's 
schedule of fines with respect to position limit violations with fines 
currently imposed by other exchanges, and thus does not raise any new 
or novel issues. Accordingly, the Commission hereby waives the 30-day 
operative delay and designates the proposed rule change as operative 
upon filing.\10\
---------------------------------------------------------------------------

    \10\ For purposes only of waiving the 30-day operative delay, 
the Commission has also 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 such 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 under 
Section 19(b)(2)(B) \11\ of the Act to determine whether the proposed 
rule change should be approved or disapproved.
---------------------------------------------------------------------------

    \11\ 15 U.S.C. 78s(b)(2)(B).
---------------------------------------------------------------------------

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-BX-2017-014 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-BX-2017-014. 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-BX-2017-014 and should be 
submitted on or before March 30, 2017.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\12\
---------------------------------------------------------------------------

    \12\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------

Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017-04607 Filed 3-8-17; 8:45 am]
 BILLING CODE 8011-01-P
Federal Register / Vol. 82, No. 45 / Thursday, March 9, 2017 / Notices 13175

A. Self-Regulatory Organization’s per contract over the limit, regardless of
Eduardo A. Aleman, Statement of the Purpose of, and the extent of the violations. Finally, for
Assistant Secretary. Statutory Basis for, the Proposed Rule the seventh or any additional violations
[FR Doc. 2017–04602 Filed 3–8–17; 8:45 am] Change that occur during any such period, the
fine increases to $5 per contract over the
BILLING CODE 8011–01–P 1. Purpose
limit. Notwithstanding the above, the
The purpose of the proposed rule Rule provides that the minimum fine
SECURITIES AND EXCHANGE change is to amend Chapter X, Section that the Exchange shall assess is $100.
COMMISSION 7(a) of the Exchange’s rules (the The Exchange proposes to replace its
‘‘Rules’’), which sets forth the schedule of fines for position limit
[Release No. 34–80155; File No. SR–BX– Exchange’s minor rule violation violations to mirror the schedule of
2017–014] penalties and in particular, penalties for fines that ISE and other exchanges apply
violating Chapter III, Section 7 of the to such violations. The ISE schedule of
Self-Regulatory Organizations;
Rules pertaining to position limits, so position limits fines set forth in ISE
NASDAQ BX, Inc.; Notice of Filing and
that these penalties are consistent with Rule 1614(d) is simpler and, in certain
Immediate Effectiveness of Proposed
those of BX’s sister exchange, the instances, more stringent than the BX
Rule Change To Amend Chapter X,
International Securities Exchange, LLC schedule of fines. It provides that for
Section 7(a) of the Exchange’s Rules
(‘‘ISE’’), as well as other competing any cumulative violations of the ISE
Relating to Minor Rule Violation options exchanges. position limits rule 3 that occur during
Penalties for Position Limit Violations Chapter III, Section 7 of the any rolling two year period, ISE assesses
March 3, 2017. Exchange’s Rules imposes position a fine of $500 for the first offense,
Pursuant to Section 19(b)(1) of the limits for Options Participants in certain $1,000 for the second offense, $2,500 for
Securities Exchange Act of 1934 circumstances. Meanwhile, Chapter X, the third offense, and $5,000 for the
(‘‘Act’’),1 and Rule 19b–4 thereunder,2 Section 7(a) of the Rules assesses fines fourth and each subsequent offense. The
notice is hereby given that on February for minor rule violations, including ISE rule is identical to that which
28, 2017, NASDAQ BX, Inc. (‘‘BX’’ or position limits violations, as follows. several other exchanges employ.4 The
‘‘Exchange’’) filed with the Securities First, for violations occurring in proposed rule change conforms the fine
and Exchange Commission (‘‘SEC’’ or customer accounts, Section 7(a)(i) schedule of BX to that of ISE.
‘‘Commission’’) the proposed rule assesses fines based upon the
cumulative number of violations that 2. Statutory Basis
change as described in Items I and II
below, which Items have been prepared occur over the course of a two year The Exchange believes that its
by the Exchange. The Commission is rolling period. For the first six proposal is consistent with Section 6(b)
publishing this notice to solicit violations that occur during any such of the Act,5 in general, and furthers the
period, an Option Participant will either objectives of Section 6(b)(5) of the Act,6
comments on the proposed rule change
be issued a letter of caution (to the in particular, in that it is designed to
from interested persons.
extent that the violations are up to five prevent fraudulent and manipulative
I. Self-Regulatory Organization’s percent in excess of applicable limits) or acts and practices, to promote just and
Statement of the Terms of Substance of assessed $1 per contract (to the extent equitable principles of trade, to remove
the Proposed Rule Change that the violations are more than five impediments to and perfect the
The Exchange proposes to amend percent in excess of applicable limits). mechanisms of a free and open market
Chapter X, Section 7(a) of the For the seventh through twelfth and a national market system and, in
Exchange’s Rules, as described in violations that occur during any such general, to protect investors and the
further detail below. period, the fine is $1 per contract over public interest.
The text of the proposed rule change the limit, regardless of the extent of the The Exchange believes that its
is available on the Exchange’s Web site violations. Finally, for the thirteenth or proposed Rule change will be more
at http://nasdaqbx.cchwallstreet.com/, any additional violations that occur effective than the existing Rule in
at the principal office of the Exchange, during any such period, the fine preventing manipulative acts and
and at the Commission’s Public increases to $5 per contract over the practices and protecting investors
Reference Room. limit. Notwithstanding the above, the because under the proposed Rule, the
Rule provides that the minimum fine Exchange will immediately impose a
II. Self-Regulatory Organization’s that the Exchange shall assess is $100. fine upon an Options Participant that
Statement of the Purpose of, and Second, for violations that occur in violates its position limits, and it will
Statutory Basis for, the Proposed Rule the accounts of Options Participants do so regardless of the extent of the
Change (i.e., proprietary accounts and accounts
In its filing with the Commission, the of other Options Participants), Section 3 ISE Rule 1614(d)(1) counts as a single violation,

Exchange included statements 7(a)(ii) again assesses fines based upon provided that such a violation is inadvertent: (i) A
the cumulative number of violations 1 trade date overage; (ii) a consecutive string of
concerning the purpose of and basis for trade date overage violations where the position
the proposed rule change and discussed that occur over the course of a two year does not change or where a steady reduction in the
any comments it received on the rolling period. For the first three overage occurs; or (iii) a consecutive string of trade
proposed rule change. The text of these violations that occur in any such period, date overage violations resulting from other
an Option Participant will either be mitigating circumstances.
asabaliauskas on DSK3SPTVN1PROD with NOTICES

statements may be examined at the 4 See BATS BZX Exchange, Inc. Rule 25.3(a); C2
places specified in Item IV below. The assessed a letter of caution (to the extent Options Exchange Rule Chapter 17 (incorporating
Exchange has prepared summaries, set that the violations are up to five percent by reference CBOE Rule 17.50(g)(1)); see also NYSE
forth in sections A, B, and C below, of in excess of applicable limits) or $1 per Arca, Inc. Rule 10.12(k)(i)(21) (imposing fines of
contract (to the extent that the violations $1,000, $2,500, and $5,000 for the first, second, and
the most significant aspects of such third violations, respectively while omitting
statements. are more than five percent in excess of corresponding verbiage that defines the nature of a
applicable limits). For the fourth single violation subject to a fine).
1 15 U.S.C. 78s(b)(1). through the sixth violations that occur 5 15 U.S.C. 78f(b).
2 17 CFR 240.19b–4. during any such period, the fine is $1 6 15 U.S.C. 78f(b)(5).

VerDate Sep<11>2014 17:43 Mar 08, 2017 Jkt 241001 PO 00000 Frm 00087 Fmt 4703 Sfmt 4703 E:\FR\FM\09MRN1.SGM 09MRN1
13176 Federal Register / Vol. 82, No. 45 / Thursday, March 9, 2017 / Notices

violation, as opposed to only imposing protection of investors and the public Paper Comments
a fine (rather than a caution letter) after interest. The Exchange has asked the • Send paper comments in triplicate
the first six violations or to the extent Commission to waive the 30-day to Brent J. Fields, Secretary, Securities
that a violation exceeds 5 percent of the operative delay so that the proposal may and Exchange Commission, 100 F Street
applicable limits. become operative immediately upon NE., Washington, DC 20549–1090.
Moreover, the proposed Rule change filing. The Exchange states that the
promotes fairness and consistency in proposed rule change helps to protect All submissions should refer to File
the marketplace by harmonizing investors and to prevent manipulative Number SR–BX–2017–014. This file
penalties across exchanges for the same acts by enabling the Exchange to number should be included on the
conduct. As noted above, the proposed immediately impose a fine upon an subject line if email is used. To help the
schedule of fines would be identical to Options Participant for position limit Commission process and review your
the schedules of fines that ISE, BATS violations. The Exchange further states comments more efficiently, please use
BZX, and C2 Options Exchange that the proposed rule change promotes only one method. The Commission will
presently employ, and similar to that fairness and consistency in the post all comments on the Commission’s
which NYSE Arca employs. marketplace by unifying the Exchange’s Internet Web site (http://www.sec.gov/
schedule of fines with schedules rules/sro.shtml). Copies of the
B. Self-Regulatory Organization’s submission, all subsequent
Statement on Burden on Competition imposed by other exchanges.
The Commission believes that waiver amendments, all written statements
The Exchange does not believe that of the 30-day operative delay is with respect to the proposed rule
the proposed rule change will impose consistent with the protection of change that are filed with the
any burden on competition not investors and the public interest. The Commission, and all written
necessary or appropriate in furtherance Commission notes that the proposal communications relating to the
of the purposes of the Act. The proposal harmonizes the Exchange’s schedule of proposed rule change between the
will adopt the same schedule of fines as fines with respect to position limit Commission and any person, other than
exists at other exchanges and it will violations with fines currently imposed those that may be withheld from the
apply the same schedule of fines to all by other exchanges, and thus does not public in accordance with the
Options Participants. raise any new or novel issues. provisions of 5 U.S.C. 552, will be
C. Self-Regulatory Organization’s Accordingly, the Commission hereby available for Web site viewing and
Statement on Comments on the waives the 30-day operative delay and printing in the Commission’s Public
Proposed Rule Change Received From designates the proposed rule change as Reference Room, 100 F Street NE.,
Members, Participants, or Others operative upon filing.10 Washington, DC 20549, on official
At any time within 60 days of the business days between the hours of
No written comments were either filing of such proposed rule change, the 10:00 a.m. and 3:00 p.m. Copies of the
solicited or received. Commission summarily may filing also will be available for
III. Date of Effectiveness of the temporarily suspend such rule change if inspection and copying at the principal
Proposed Rule Change and Timing for it appears to the Commission that such office of the Exchange. All comments
Commission Action action is necessary or appropriate in the received will be posted without change;
public interest, for the protection of the Commission does not edit personal
Because the proposed rule change
investors, or otherwise in furtherance of identifying information from
does not: (i) Significantly affect the
the purposes of the Act. If the submissions. You should submit only
protection of investors or the public
Commission takes such action, the information that you wish to make
interest; (ii) impose any significant
Commission shall institute proceedings available publicly. All submissions
burden on competition; and (iii) become
under Section 19(b)(2)(B) 11 of the Act to should refer to File Number SR–BX–
operative prior to 30 days from the date
determine whether the proposed rule 2017–014 and should be submitted on
on which it was filed, or such shorter
change should be approved or or before March 30, 2017.
time as the Commission may designate,
disapproved. For the Commission, by the Division of
if consistent with the protection of
investors and the public interest, the IV. Solicitation of Comments Trading and Markets, pursuant to delegated
authority.12
proposed rule change has become Interested persons are invited to
effective pursuant to Section 19(b)(3)(A) Eduardo A. Aleman,
submit written data, views, and
of the Act and Rule 19b–4(f)(6)(iii) Assistant Secretary.
arguments concerning the foregoing,
thereunder.7 including whether the proposed rule [FR Doc. 2017–04607 Filed 3–8–17; 8:45 am]
A proposed rule change filed under change is consistent with the Act. BILLING CODE 8011–01–P
Rule 19b–4(f)(6) 8 normally does not Comments may be submitted by any of
become operative prior to 30 days after the following methods:
the date of the filing. However, Rule
19b–4(f)(6)(iii) 9 permits the Electronic Comments SMALL BUSINESS ADMINISTRATION
Commission to designate a shorter time • Use the Commission’s Internet
if such action is consistent with the National Women’s Business Council
comment form (http://www.sec.gov/
(NWBC); Data Collection Available for
rules/sro.shtml); or
7 In addition, Rule 19b–4(f)(6)(iii) requires the
• Send an email to rule-comments@ Public Comments
asabaliauskas on DSK3SPTVN1PROD with NOTICES

Exchange to give the Commission written notice of
the Exchange’s intent to file the proposed rule
sec.gov. Please include File Number SR– AGENCY: National Women’s Business
change, along with a brief description and text of BX–2017–014 on the subject line. Council, Small Business
the proposed rule change, at least five business days Administration.
prior to the date of filing of the proposed rule 10 For purposes only of waiving the 30-day
change, or such shorter time as designated by the operative delay, the Commission has also ACTION: 60-day notice and request for
Commission. The Exchange has satisfied this considered the proposed rule’s impact on comments.
requirement. efficiency, competition, and capital formation. See
8 17 CFR 240.19b–4(f)(6). 15 U.S.C. 78c(f).
9 17 CFR 240.19b–4(f)(6)(iii). 11 15 U.S.C. 78s(b)(2)(B). 12 17 CFR 200.30–3(a)(12).

VerDate Sep<11>2014 18:42 Mar 08, 2017 Jkt 241001 PO 00000 Frm 00088 Fmt 4703 Sfmt 4703 E:\FR\FM\09MRN1.SGM 09MRN1
Document Created: 2017-03-09 04:58:55
Document Modified: 2017-03-09 04:58:55
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		82 FR 13175