82 FR 14256 - Self-Regulatory Organizations; NASDAQ BX, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend the Data Reporting Requirements of Rule 4770
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 82, Issue 51 (March 17, 2017)
Federal Register Volume 82, Issue 51 (March 17, 2017)
| Page Range | 14256-14258 | |
| FR Document | 2017-05343 |
[Federal Register Volume 82, Number 51 (Friday, March 17, 2017)] [Notices] [Pages 14256-14258] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2017-05343] ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION [Release No. 34-80228; File No. SR-BX-2017-016] Self-Regulatory Organizations; NASDAQ BX, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend the Data Reporting Requirements of Rule 4770 March 13, 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 Rule 4770 to modify the date of Appendix B Web site data publication pursuant to the Regulation NMS Plan to Implement a Tick Size Pilot Program (``Plan''). 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 [[Page 14257]] 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 the Statutory Basis for, the Proposed Rule Change 1. Purpose Rule 4770(b) (Compliance with Data Collection Requirements) \3\ implements the data collection and Web site publication requirements of the Plan.\4\ Commentary .08 to Rule 4770 provides, among other things, that the requirement that the Exchange make certain data publicly available on the Exchange Web site pursuant to Appendix B and C to the Plan shall commence at the beginning of the Pilot Period,\5\ and that BX shall make data for the Pre-Pilot Period publicly available on the Exchange Web site pursuant to Appendix B and C to the Plan by February 28, 2017.\6\ --------------------------------------------------------------------------- \3\ See Rule 4770(b). See also Securities Exchange Act Release No. 77457 (March 28, 2016), 81 FR 18913 (April 1, 2016) (SR-BX-2016- 019). \4\ The Participants filed the Plan to comply with an order issued by the Commission on June 24, 2014. See Letter from Brendon J. Weiss, Vice President, Intercontinental Exchange, Inc., to Secretary, Commission, dated August 25, 2014 (``SRO Tick Size Plan Proposal''). See Securities Exchange Act Release No 72460 (June 24, 2014), 79 FR 36840 (June 30, 2014); see also Securities Exchange Act Release No. 74892 (May 6, 2015), 80 FR 27513 (May 13, 2015). \5\ Unless otherwise defined herein, capitalized terms have the meaning ascribed to them in Rule 4770. \6\ On November 30, 2016, the SEC granted exemptive relief to the Participants to, among other things, delay the publication of Web site data pursuant to Appendices B and C to the Plan until February 28, 2017, and to delay the ongoing Web site publication by ninety days such that data would be published within 120 calendar days following the end of the month. See 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 November 30, 2016; see also Securities Exchange Act Release No. 79549 (December 14, 2016), 81 FR 92886 (December 20, 2016) (SR-BX-2017-067). --------------------------------------------------------------------------- BX is proposing amendments to Commentary .08 to Rule 4770 to delay the date by which Pre-Pilot and Pilot Appendix B data is to be made publicly available on the Exchange's Web site from February 28, 2017, until April 28, 2017. Appendix C data for the Pre-Pilot Period through the month of January 2017 will be published on the Exchange Web site on February 28, 2017, and, thereafter, on the original 30-day schedule.\7\ As some of the data reporting requirements set forth in Rule 4770 require members to report data to their Designated Examining Authority (``DEA''), which may not be BX, the Exchange is also proposing to add references in Commentary .08 to reflect the fact that the Exchange or the DEA may be publishing such data. --------------------------------------------------------------------------- \7\ Since, under Rule 4770(b)(4), BX is not independently publishing Market Maker profitability data collected pursuant to Item I of Appendix C of the Plan, no corresponding change to the language of Rule 4770(b)(4) relating to the timing of the publication of Appendix C data for the Pilot Period is needed. --------------------------------------------------------------------------- In the SRO Tick Size Plan Proposal, the Participants stated that the public data will be made available for free ``on a disaggregated basis by trading center'' on the Web sites of the Participants and the Designated Examining Authorities.\8\ However, market participants have expressed confidentiality concerns regarding this approach for over- the-counter (``OTC'') data.\9\ Thus, BX is filing the instant proposed rule change to provide additional time to assess a means of addressing the confidentiality concerns raised in connection with the publication of Appendix B data related to OTC activity in furtherance of the objectives of the Plan.\10\ Pursuant to this amendment, Appendix B data publication will be delayed until April 28, 2017. The Participants anticipate filing additional proposed rule changes to address Appendix B data publication. --------------------------------------------------------------------------- \8\ See Securities Exchange Act Release No. 73511 (November 3, 2014), 79 FR 66423 (November 7, 2014) (Notice of Filing of Proposed National Market System Plan to Implement a Tick Size Pilot Program on a One-Year Pilot Basis, File No. 4-657) (``Tick Size Plan Proposal''). \9\ See letters from Adam C. Cooper, Senior Managing Director and Chief Legal Officer, Citadel Securities, to Brent J. Fields, Secretary, Commission, dated December 21, 2016 (``Citadel letter''); and William Hebert, Managing Director, Financial Information Forum, to Robert W. Errett, Deputy Secretary, Commission, dated December 21, 2016 (``FIF letter''). \10\ In connection with its filing to implement a similar change in its rules, the Financial Industry Regulatory Authority, Inc. is also is submitting an exemptive request to the SEC on behalf of all Plan Participants requesting relief from the relevant requirements of the Plan. --------------------------------------------------------------------------- BX has filed the proposed rule change for immediate effectiveness. The operative date of the proposed rule change will be the date of filing. 2. Statutory Basis The Exchange believes that its proposal is consistent with Section 6(b) of the Act,\11\ in general, and furthers the objectives of Section 6(b)(5) of the Act,\12\ in particular, in that it is designed to prevent fraudulent and manipulative acts and practices, promote just and equitable principles of trade, 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. BX also believes that the proposal is consistent with Section 6(b)(8) of the Act,\13\ which requires that Exchange rules not impose any burden on competition that is not necessary or appropriate. --------------------------------------------------------------------------- \11\ 15 U.S.C. 78f(b). \12\ 15 U.S.C. 78f(b)(5). \13\ 15 U.S.C. 78f(b)(8). --------------------------------------------------------------------------- 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. BX believes that this proposal is consistent with the Act because it is in furtherance of the objectives of Section VII(A) of the Plan in that it is designed to provide BX with additional time to assess a means of addressing the confidentiality concerns raised in connection with the publication of Appendix B data, to comply with the Plan's requirements that the data made publicly available will not identify the trading center that generated the data. 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 proposed rule change implements the provisions of the Plan. 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 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) of the Act \14\ and Rule 19b- 4(f)(6) thereunder.\15\ --------------------------------------------------------------------------- \14\ 15 U.S.C. 78s(b)(3)(A). \15\ 17 CFR 240.19b-4(f)(6). --------------------------------------------------------------------------- A proposed rule change filed under Rule 19b-4(f)(6) normally does not become operative prior to 30 days after the date of the filing. However, pursuant to Rule 19b-4(f)(6)(iii), the Commission may designate a shorter time if such action is consistent with the protection of investors and the public interest. The [[Page 14258]] 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 on February 28, 2017. The Exchange notes that the proposed rule change is intended to address confidentiality concerns raised in connection with the publication of OTC Appendix B data by permitting the Exchange to delay Web site publication of its Appendix B data from February 28, 2017 to April 28, 2017.\16\ The Exchange notes that the delay would provide additional time to assess a means of addressing the confidentiality concerns. The Exchange notes that it expects Participants to file proposed rule changes related to publishing Appendix B data. --------------------------------------------------------------------------- \16\ See supra note 9. The Commission notes that FINRA has submitted a proposed rule change to delay the publication of OTC Appendix B data. See SR-FINRA-2017-005. --------------------------------------------------------------------------- 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 delay publication of its Appendix B data until April 28, 2017. As noted above, commenters continue to raise concerns about the publication of OTC Appendix B data.\17\ Delaying publication of Exchange's Appendix B data \18\ will prevent the publication of partial (i.e., Exchange-only) Appendix B data required under the Plan. Therefore, the Commission hereby waives the 30-day operative delay and designates the proposed rule change to be operative on February 28, 2017.\19\ --------------------------------------------------------------------------- \17\ The Commission notes that FINRA has filed a proposed rule change that is intended to mitigate confidentiality concerns raised by commenters regarding the publication of OTC Appendix B data. See SR-FINRA-2017-006. \18\ The Commission notes that other Participants have proposed to delay the publication of their Appendix B data until April 28, 2017. See SR-BatsBYX-2017-05; SR-BatsBZX-2017-15; SR-BatsEDGA-2017- 05; SR-BatsEDGX-2017-13; SR-CHX-2017-05; SR-FINRA-2017-005; SR-IEX- 2017-07; SR-NASDAQ-2017-024; SR-Phlx-2017-22; SR-NYSE-2017-10; SR- NYSEArca-2017-19; SR-NYSEMKT-2017-11. \19\ 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). --------------------------------------------------------------------------- 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 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 CommentsUse the Commission's Internet comment form (http://www.sec.gov/rules/sro.shtml); or Send an email to [email protected]. Please include File Number SR-BX-2017-016 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 Number SR-BX-2017-016. 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-2017-016, and should be submitted on or before April 7, 2017. --------------------------------------------------------------------------- \20\ 17 CFR 200.30-3(a)(12). For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.\20\ Eduardo A. Aleman, Assistant Secretary. [FR Doc. 2017-05343 Filed 3-16-17; 8:45 am] BILLING CODE 8011-01-P
![14256 Federal Register / Vol. 82, No. 51 / Friday, March 17, 2017 / Notices
C. Self-Regulatory Organization’s action is necessary or appropriate in the 2017–12 and should be submitted on or
Statement on Comments on the public interest, for the protection of before April 7, 2017.
Proposed Rule Change Received From investors, or otherwise in furtherance of For the Commission, by the Division of
Members, Participants, or Others the purposes of the Act. If the Trading and Markets, pursuant to delegated
Written comments were neither Commission takes such action, the authority.33
solicited nor received. Commission shall institute proceedings Eduardo A. Aleman,
to determine whether the proposed rule Assistant Secretary.
III. Date of Effectiveness of the should be approved or disapproved. [FR Doc. 2017–05345 Filed 3–16–17; 8:45 am]
Proposed Rule Change and Timing for
Commission Action IV. Solicitation of Comments BILLING CODE 8011–01–P
Because the foregoing proposed rule Interested persons are invited to
change does not: (i) Significantly affect submit written data, views, and SECURITIES AND EXCHANGE
the protection of investors or the public arguments concerning the foregoing, COMMISSION
interest; (ii) impose any significant including whether the proposed rule
burden on competition; and (iii) become change is consistent with the Act. [Release No. 34–80228; File No. SR–BX–
2017–016]
operative for 30 days after the date of Comments may be submitted by any of
the filing, or such shorter time as the the following methods: Self-Regulatory Organizations;
Commission may designate, it has Electronic Comments NASDAQ BX, Inc.; Notice of Filing and
become effective pursuant to 19(b)(3)(A) Immediate Effectiveness of Proposed
of the Act 28 and Rule 19b–4(f)(6) 29 • Use the Commission’s Internet
Rule Change To Amend the Data
thereunder. comment form (http://www.sec.gov/
Reporting Requirements of Rule 4770
A proposed rule change filed rules/sro.shtml); or
pursuant to Rule 19b–4(f)(6) under the • Send an email to rule-comments@ March 13, 2017.
Act 30 normally does not become sec.gov. Please include File Number SR- Pursuant to Section 19(b)(1) of the
operative for 30 days after the date of its MIAX–2017–12 on the subject line. Securities Exchange Act of 1934
filing. However, Rule 19b–4(f)(6)(iii) 31 Paper Comments (‘‘Act’’),1 and Rule 19b–4 thereunder,2
permits the Commission to designate a notice is hereby given that on February
shorter time if such action is consistent • Send paper comments in triplicate 28, 2017, NASDAQ BX, Inc. (‘‘BX’’ or
with the protection of investors and the to Secretary, Securities and Exchange ‘‘Exchange’’) filed with the Securities
public interest. In its filing with the Commission, 100 F Street NE., and Exchange Commission (‘‘SEC’’ or
Commission, the Exchange has asked Washington, DC 20549–1090. ‘‘Commission’’) the proposed rule
the Commission to waive the 30-day All submissions should refer to File change as described in Items I and II,
operative delay so that the proposal may Number SR–MIAX–2017–12. This file below, which Items have been prepared
become operative immediately upon number should be included on the by the Exchange. The Commission is
filing. The Commission believes that subject line if email is used. To help the publishing this notice to solicit
waiving the 30-day operative delay is Commission process and review your comments on the proposed rule change
consistent with the protection of comments more efficiently, please use from interested persons.
investors and the public interest. The only one method. The Commission will I. Self-Regulatory Organization’s
Exchange notes that the Exchange and post all comments on the Commission’s Statement of the Terms of Substance of
MIAX PEARL have common Members Internet Web site (http://www.sec.gov/ the Proposed Rule Change
and the proposal will provide, where rules/sro.shtml). Copies of the
feasible, consistent functionality submission, all subsequent The Exchange proposes to amend
between the Exchange and MIAX amendments, all written statements Rule 4770 to modify the date of
PEARL, and thus reduce complexity and with respect to the proposed rule Appendix B Web site data publication
avoid potential confusion among change that are filed with the pursuant to the Regulation NMS Plan to
Members. Accordingly, the Commission Commission, and all written Implement a Tick Size Pilot Program
hereby waives the operative delay and communications relating to the (‘‘Plan’’).
designates the proposal operative upon proposed rule change between the The text of the proposed rule change
filing.32 Commission and any person, other than is available on the Exchange’s Web site
At any time within 60 days of the those that may be withheld from the at http://nasdaqbx.cchwallstreet.com/,
filing of the proposed rule change, the public in accordance with the at the principal office of the Exchange,
Commission summarily may provisions of 5 U.S.C. 552, will be and at the Commission’s Public
temporarily suspend such rule change if available for Web site viewing and Reference Room.
it appears to the Commission that such printing in the Commission’s Public II. Self-Regulatory Organization’s
Reference Room, 100 F Street NE., Statement of the Purpose of, and
28 15 U.S.C. 78s(b)(3)(A). Washington, DC 20549, on official Statutory Basis for, the Proposed Rule
29 17 CFR 240.19b–4(f)(6). In addition, Rule 19b– business days between the hours of Change
4(f)(6) requires a self-regulatory organization to give
the Commission written notice of its intent to file 10:00 a.m. and 3:00 p.m. Copies of the
In its filing with the Commission, the
the proposed rule change at least five business days filing also will be available for
Exchange included statements
prior to the date of filing of the proposed rule inspection and copying at the principal
asabaliauskas on DSK3SPTVN1PROD with NOTICES
change, or such shorter time as designated by the concerning the purpose of and basis for
office of the Exchange. All comments
Commission. The Exchange has satisfied this the proposed rule change and discussed
requirement. received will be posted without change;
any comments it received on the
30 17 CFR 240.19b–4(f)(6). the Commission does not edit personal
proposed rule change. The text of these
31 17 CFR 240.19b–4(f)(6)(iii). identifying information from
statements may be examined at the
32 For purposes only of waiving the 30-day submissions. You should submit only
operative delay, the Commission has also information that you wish to make 33 17 CFR 200.30–3(a)(12).
considered the proposed rule’s impact on
efficiency, competition, and capital formation. See
available publicly. All submissions 1 15 U.S.C. 78s(b)(1).
15 U.S.C. 78c(f). should refer to File Number SR–MIAX– 2 17 CFR 240.19b–4.
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![14258 Federal Register / Vol. 82, No. 51 / Friday, March 17, 2017 / Notices
Exchange has filed the proposed rule the purposes of the Act. If the For the Commission, by the Division of
change for immediate effectiveness and Commission takes such action, the Trading and Markets, pursuant to delegated
has requested that the Commission Commission shall institute proceedings authority.20
waive the requirement that the proposed to determine whether the proposed rule Eduardo A. Aleman,
rule change not become operative for 30 should be approved or disapproved. Assistant Secretary.
days after the date of the filing so that [FR Doc. 2017–05343 Filed 3–16–17; 8:45 am]
IV. Solicitation of Comments
it may become operative on February BILLING CODE 8011–01–P
28, 2017. Interested persons are invited to
The Exchange notes that the proposed submit written data, views, and
rule change is intended to address arguments concerning the foregoing, SECURITIES AND EXCHANGE
confidentiality concerns raised in including whether the proposed rule COMMISSION
connection with the publication of OTC change is consistent with the Act.
Appendix B data by permitting the Comments may be submitted by any of Proposed Collection; Comment
Exchange to delay Web site publication the following methods: Request
of its Appendix B data from February Electronic Comments Upon Written Request, Copies Available
28, 2017 to April 28, 2017.16 The From: Securities and Exchange
Exchange notes that the delay would • Use the Commission’s Internet
comment form (http://www.sec.gov/ Commission, Office of FOIA Services,
provide additional time to assess a 100 F Street NE., Washington, DC
means of addressing the confidentiality rules/sro.shtml); or
• Send an email to rule-comments@ 20549–2736.
concerns. The Exchange notes that it
expects Participants to file proposed sec.gov. Please include File Number SR– Extension:
BX–2017–016 on the subject line. Rule 17a–5, SEC File No. 270–155, OMB
rule changes related to publishing Control No. 3235–0123.
Appendix B data. Paper Comments
The Commission believes that Notice is hereby given that pursuant
waiving the 30-day operative delay is • Send paper comments in triplicate to the Paperwork Reduction Act of 1995
consistent with the protection of to Secretary, Securities and Exchange (44 U.S.C. 3501 et seq.) (‘‘PRA’’), the
investors and the public interest Commission, 100 F Street NE., Securities and Exchange Commission
because it will allow the Exchange to Washington, DC 20549–1090. (‘‘Commission’’) is soliciting comments
delay publication of its Appendix B data All submissions should refer to File on the existing collection of information
until April 28, 2017. As noted above, Number SR–BX–2017–016. This file provided for in Rule 17a–5 (17 CFR
commenters continue to raise concerns number should be included on the 240.17a–5), under the Securities
about the publication of OTC Appendix subject line if email is used. To help the Exchange Act of 1934 (15 U.S.C. 78a et
B data.17 Delaying publication of Commission process and review your seq.). The Commission plans to submit
Exchange’s Appendix B data 18 will comments more efficiently, please use this existing collection of information to
prevent the publication of partial (i.e., only one method. The Commission will the Office of Management and Budget
Exchange-only) Appendix B data post all comments on the Commission’s (‘‘OMB’’) for extension and approval.
required under the Plan. Therefore, the Internet Web site (http://www.sec.gov/ Rule 17a–5 is the basic financial
Commission hereby waives the 30-day rules/sro.shtml). Copies of the reporting rule for brokers and dealers.1
operative delay and designates the submission, all subsequent The rule requires the filing of Form X–
proposed rule change to be operative on amendments, all written statements 17A–5, the Financial and Operational
February 28, 2017.19 with respect to the proposed rule Combined Uniform Single Report
At any time within 60 days of the change that are filed with the (‘‘FOCUS Report’’), which was the result
filing of the proposed rule change, the Commission, and all written of years of study and comments by
Commission summarily may communications relating to the representatives of the securities industry
temporarily suspend such rule change if proposed rule change between the through advisory committees and
it appears to the Commission that such Commission and any person, other than through the normal rule proposal
action is necessary or appropriate in the those that may be withheld from the methods. The FOCUS Report was
public interest, for the protection of public in accordance with the designed to eliminate the overlapping
investors, or otherwise in furtherance of provisions of 5 U.S.C. 552, will be regulatory reports required by various
available for Web site viewing and self-regulatory organizations and the
16 See supra note 9. The Commission notes that printing in the Commission’s Public Commission and to reduce reporting
FINRA has submitted a proposed rule change to Reference Room, 100 F Street NE., burdens as much as possible. The rule
delay the publication of OTC Appendix B data. See also requires the filing of an annual
SR–FINRA–2017–005.
Washington, DC 20549, on official
17 The Commission notes that FINRA has filed a business days between the hours of audited report of financial statements.
proposed rule change that is intended to mitigate 10:00 a.m. and 3:00 p.m. Copies of the The FOCUS Report consists of: (1)
confidentiality concerns raised by commenters filing also will be available for Part I, which is a monthly report that
regarding the publication of OTC Appendix B data. inspection and copying at the principal must be filed by brokers or dealers that
See SR–FINRA–2017–006.
office of the Exchange. All comments clear transactions or carry customer
18 The Commission notes that other Participants
received will be posted without change; securities; (2) one of three alternative
have proposed to delay the publication of their
Appendix B data until April 28, 2017. See SR– the Commission does not edit personal quarterly reports: Part II, which must be
BatsBYX–2017–05; SR–BatsBZX–2017–15; SR– identifying information from filed by brokers or dealers that clear
asabaliauskas on DSK3SPTVN1PROD with NOTICES
BatsEDGA–2017–05; SR–BatsEDGX–2017–13; SR–
submissions. You should submit only transactions or carry customer
CHX–2017–05; SR–FINRA–2017–005; SR–IEX– securities; Part IIA, which must be filed
2017–07; SR–NASDAQ–2017–024; SR–Phlx–2017– information that you wish to make
22; SR–NYSE–2017–10; SR–NYSEArca–2017–19; available publicly. All submissions by brokers or dealers that do not clear
SR–NYSEMKT–2017–11. should refer to File Number SR–BX– transactions or carry customer
19 For purposes only of waiving the operative
2017–016, and should be submitted on
delay for this proposal, the Commission has 1 Rule 17a–5(c) requires a broker or dealer to
considered the proposed rule’s impact on or before April 7, 2017. furnish certain of its financial information to
efficiency, competition, and capital formation. See customers and is subject to a separate PRA filing
15 U.S.C. 78c(f). 20 17 CFR 200.30–3(a)(12). (OMB Control Number 3235–0199).
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Document Created: 2017-03-17 02:48:37
Document Modified: 2017-03-17 02:48:37
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
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| Section | Notices | |
| FR Citation | 82 FR 14256 |
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