82 FR 14393 - Self-Regulatory Organizations; NASDAQ PHLX LLC; Notice of Designation of Longer Period for Commission Action on Proposed Rule Change To Permit the Listing and Trading of P.M.-Settled NASDAQ-100 Index® Options on a Pilot Basis

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 82, Issue 52 (March 20, 2017)

Page Range		14393-14394
FR Document		2017-05406

Federal Register, Volume 82 Issue 52 (Monday, March 20, 2017)

[Federal Register Volume 82, Number 52 (Monday, March 20, 2017)]
[Notices]
[Pages 14393-14394]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-05406]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-80241; File No. SR-Phlx-2017-04]


Self-Regulatory Organizations; NASDAQ PHLX LLC; Notice of 
Designation of Longer Period for Commission Action on Proposed Rule 
Change To Permit the Listing and Trading of P.M.-Settled NASDAQ-100 
Index[supreg] Options on a Pilot Basis

March 14, 2017.
    On January 18, 2017, NASDAQ PHLX LLC (``Phlx'' or ``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 
permit the listing and trading of P.M.-settled NASDAQ-100 Index[supreg] 
options on a pilot basis. The proposed rule change was published for 
comment in the Federal Register on February 3,

[[Page 14394]]

2017.\3\ The Commission has received no comment letters on the 
proposal.
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ See Securities Exchange Act Release No. 79894 (January 30, 
2017), 82 FR 9259.
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    Section 19(b)(2) of the Act \4\ 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 for this filing is March 20, 2017.
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    \4\ 15 U.S.C. 78s(b)(2).
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    The Commission is extending the 45-day time period for Commission 
action on the proposed rule change. 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 and 
take action on the Exchange's proposed rule change.
    Accordingly, pursuant to Section 19(b)(2) of the Act \5\ and for 
the reasons stated above, the Commission designates May 4, 2017, as the 
date by which the Commission should either approve or disapprove, or 
institute proceedings to determine whether to disapprove, the proposed 
rule change (File No. SR-Phlx-2017-04).
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    \5\ 15 U.S.C. 78s(b)(2).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\6\
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    \6\ 17 CFR 200.30-3(a)(31).
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Robert W. Errett,
Deputy Secretary.
[FR Doc. 2017-05406 Filed 3-17-17; 8:45 am]
 BILLING CODE 8011-01-P

Federal Register / Vol. 82, No. 52 / Monday, March 20, 2017 / Notices 14393

in particular, in that it is designed to permits the Commission to designate a rules/sro.shtml). Copies of the
promote just and equitable principles of shorter time if such action is consistent submission, all subsequent
trade, to remove impediments to and with the protection of investors and the amendments, all written statements
perfect the mechanism of a free and public interest. The Exchange has asked with respect to the proposed rule
open market and a national market the Commission to waive the 30-day change that are filed with the
system, and, in general to protect operative delay so that the proposal may Commission, and all written
investors and the public interest, by become operative immediately upon communications relating to the
amending its Second Amended Limited filing. The Commission believes that proposed rule change between the
Liability Company Agreement and Rule waiving the 30-day operative delay is Commission and any person, other than
60 to properly reflect the addresses of consistent with the protection of those that may be withheld from the
Phlx and its shareholder. It is consistent investors and the public interest as it public in accordance with the
with the Act to maintain accurate will allow the Exchange to update the provisions of 5 U.S.C. 552, will be
information in its Rulebook as to the address for Phlx and its sole available for Web site viewing and
address of the Exchange. The shareholder, Nasdaq, Inc., as of April 1, printing in the Commission’s Public
shareholder information in the Second 2017 to coincide with the relocation Reference Room, 100 F Street NE.,
Amended Limited Liability Company plans. Accordingly, the Commission Washington, DC 20549, on official
Agreement is being amended to more hereby waives the operative delay and business days between the hours of
accurately reflect the address of the designates the proposal operative upon 10:00 a.m. and 3:00 p.m. Copies of the
shareholder. filing.9 filing also will be available for
At any time within 60 days of the inspection and copying at the principal
B. Self-Regulatory Organization’s filing of the proposed rule change, the office of the Exchange. All comments
Statement on Burden on Competition Commission summarily may received will be posted without change;
The Exchange does not believe that temporarily suspend such rule change if the Commission does not edit personal
the proposed rule change will impose it appears to the Commission that such identifying information from
any burden on competition not action is: (i) Necessary or appropriate in submissions. You should submit only
necessary or appropriate in furtherance the public interest; (ii) for the protection information that you wish to make
of the purposes of the Act. The of investors; or (iii) otherwise in available publicly. All submissions
proposed rule changes will accurately furtherance of the purposes of the Act. should refer to File Number SR–Phlx–
reflect the addresses of Phlx and its If the Commission takes such action, the 2017–23 and should be submitted on or
shareholder and will not impose an Commission shall institute proceedings before April 10, 2017.
undue burden on competition. to determine whether the proposed rule For the Commission, by the Division of
C. Self-Regulatory Organization’s should be approved or disapproved. Trading and Markets, pursuant to delegated
Statement on Comments on the IV. Solicitation of Comments authority.10
Proposed Rule Change Received From Robert W. Errett,
Interested persons are invited to
Members, Participants, or Others submit written data, views, and
Deputy Secretary.
No written comments were either [FR Doc. 2017–05408 Filed 3–17–17; 8:45 am]
arguments concerning the foregoing,
solicited or received. including whether the proposed rule BILLING CODE 8011–01–P

III. Date of Effectiveness of the change is consistent with the Act.
Proposed Rule Change and Timing for Comments may be submitted by any of
SECURITIES AND EXCHANGE
Commission Action the following methods:
COMMISSION
Because the foregoing proposed rule Electronic Comments [Release No. 34–80241; File No. SR–Phlx–
change does not: (i) Significantly affect • Use the Commission’s Internet 2017–04]
the protection of investors or the public comment form (http://www.sec.gov/
interest; (ii) impose any significant rules/sro.shtml); or Self-Regulatory Organizations;
burden on competition; and (iii) become • Send an email to rule-comments@ NASDAQ PHLX LLC; Notice of
operative for 30 days from the date on sec.gov. Please include File Number SR– Designation of Longer Period for
which it was filed, or such shorter time Phlx–2017–23 on the subject line. Commission Action on Proposed Rule
as the Commission may designate, it has Change To Permit the Listing and
become effective pursuant to Section Paper Comments Trading of P.M.-Settled NASDAQ–100
19(b)(3)(A)(iii) of the Act 5 and • Send paper comments in triplicate Index® Options on a Pilot Basis
subparagraph (f)(6) of Rule 19b–4 to Secretary, Securities and Exchange
March 14, 2017.
thereunder.6 Commission, 100 F Street NE.,
A proposed rule change filed Washington, DC 20549–1090. On January 18, 2017, NASDAQ PHLX
pursuant to Rule 19b–4(f)(6) under the LLC (‘‘Phlx’’ or ‘‘Exchange’’) filed with
All submissions should refer to File
Act 7 normally does not become the Securities and Exchange
Number SR–Phlx–2017–23. This file
operative for 30 days after the date of its Commission (‘‘Commission’’), pursuant
number should be included on the to Section 19(b)(1) of the Securities
filing. However, Rule 19b–4(f)(6)(iii) 8 subject line if email is used. To help the Exchange Act of 1934 (‘‘Act’’) 1 and Rule
Commission process and review your 19b–4 thereunder,2 a proposed rule
5 15 U.S.C. 78s(b)(3)(A)(iii). comments more efficiently, please use change to permit the listing and trading
6 17 CFR 240.19b–4(f)(6). In addition, Rule 19b– only one method. The Commission will
sradovich on DSK3GMQ082PROD with NOTICES

4(f)(6) requires a self-regulatory organization to give of P.M.-settled NASDAQ–100 Index®
the Commission written notice of its intent to file post all comments on the Commission’s options on a pilot basis. The proposed
the proposed rule change at least five business days Internet Web site (http://www.sec.gov/ rule change was published for comment
prior to the date of filing of the proposed rule
change, or such shorter time as designated by the 9 For purposes only of waiving the 30-day
in the Federal Register on February 3,
Commission. The Exchange has satisfied this operative delay, the Commission has also
requirement. considered the proposed rule’s impact on
10 17 CFR 200.30–3(a)(12).
7 17 CFR 240.19b–4(f)(6). 1 15 U.S.C. 78s(b)(1).
efficiency, competition, and capital formation. See
8 17 CFR 240.19b–4(f)(6)(iii). 15 U.S.C. 78c(f). 2 17 CFR 240.19b–4.

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14394 Federal Register / Vol. 82, No. 52 / Monday, March 20, 2017 / Notices

2017.3 The Commission has received no with the Securities and Exchange The Commission is extending this 45-
comment letters on the proposal. Commission (‘‘Commission’’) proposed day time period.
Section 19(b)(2) of the Act 4 provides rule change SR–FICC–2017–001 In order to provide the Commission
that within 45 days of the publication of (‘‘Proposed Rule Change’’) pursuant to with sufficient time to consider the
notice of the filing of a proposed rule Section 19(b)(1) of the Securities Proposed Rule Change, the Commission
change, or within such longer period up Exchange Act of 1934 (‘‘Act’’),1 and finds that it is appropriate to designate
to 90 days as the Commission may Rule 19b–4 thereunder,2 to establish a a longer period within which to take
designate if it finds such longer period supplemental Value-at-Risk charge action on the Proposed Rule Change.
to be appropriate and publishes its (‘‘VaR Charge’’) calculation in FICC’s Accordingly, the Commission, pursuant
reasons for so finding or as to which the Government Securities Division to Section 19(b)(2) of the Act,7
self-regulatory organization consents, (‘‘GSD’’) margin model.3 The proposed designates May 10, 2017 as the date by
the Commission shall either approve the rule change was published for comment which the Commission shall either
proposed rule change, disapprove the in the Federal Register on February 9, approve, disapprove, or institute
proposed rule change, or institute 2017.4 The Commission received three proceedings to determine whether to
proceedings to determine whether the comment letters to the Proposed Rule disapprove proposed rule change SR–
proposed rule change should be Change.5 FICC–2017–001.
disapproved. The 45th day for this filing Section 19(b)(2) of the Act 6 provides
For the Commission, by the Division of
is March 20, 2017. that, within 45 days of the publication Trading and Markets, pursuant to delegated
The Commission is extending the 45- of notice of the filing of a proposed rule authority.8
day time period for Commission action change, or within such longer period up Robert W. Errett,
on the proposed rule change. The to 90 days as the Commission may
Deputy Secretary.
Commission finds that it is appropriate designate if it finds such longer period
to be appropriate and publishes its [FR Doc. 2017–05402 Filed 3–17–17; 8:45 am]
to designate a longer period within
which to take action on the proposed reasons for so finding, or as to which the BILLING CODE 8011–01–P

rule change so that it has sufficient time self-regulatory organization consents,
to consider and take action on the the Commission shall either approve the
proposed rule change, disapprove the SECURITIES AND EXCHANGE
Exchange’s proposed rule change.
proposed rule change, or institute COMMISSION
Accordingly, pursuant to Section
19(b)(2) of the Act 5 and for the reasons proceedings to determine whether the [Release No. 34–80245; File No. 265–29]
stated above, the Commission proposed rule change should be
designates May 4, 2017, as the date by disapproved. The 45th day after Equity Market Structure Advisory
which the Commission should either publication of the notice for this Committee
approve or disapprove, or institute proposed rule change is March 26, 2017.
AGENCY: Securities and Exchange
proceedings to determine whether to Commission.
1 15 U.S.C. 78s(b)(1).
disapprove, the proposed rule change
2 17 CFR 240.19b–4. ACTION: Notice of meeting.
(File No. SR–Phlx–2017–04). 3 On February 2, 2017, FICC also filed this

For the Commission, by the Division of proposed rule change as advance notice SR–FICC– SUMMARY: The Securities and Exchange
Trading and Markets, pursuant to delegated 2017–801 (‘‘Advance Notice’’) with the Commission Commission Equity Market Structure
authority.6 pursuant to Section 806(e)(1) of the Dodd-Frank Advisory Committee is providing notice
Wall Street Reform and Consumer Protection Act
Robert W. Errett, entitled the Payment, Clearing, and Settlement that it will hold a public meeting on
Deputy Secretary. Supervision Act of 2010, 12 U.S.C. 5465(e)(1), and Wednesday, April 5, 2017, in Multi-
[FR Doc. 2017–05406 Filed 3–17–17; 8:45 am] Rule 19b–4(n)(1)(i) of the Act, 17 CFR 240.19b– Purpose Room LL–006 at the
4(n)(1)(i). Notice of filing of the Advance Notice
BILLING CODE 8011–01–P was published for comment in the Federal Register
Commission’s headquarters, 100 F
on March 8, 2017. Securities Exchange Act Release Street NE., Washington, DC. The
No. 80139 (March 2, 2017), 82 FR 13026 (March 8, meeting will begin at 9:30 a.m. (EDT)
SECURITIES AND EXCHANGE 2017) (SR–FICC–2017–801). The Commission shall and will be open to the public. The
have until April 3, 2017 to object or not object to
COMMISSION the Advance Notice. The proposal in the Proposed
public portions of the meeting will be
Rule Change and the Advance Notice shall not take webcast on the Commission’s Web site
[Release No. 34–80235; File No. SR–FICC–
2017–001]
effect until all regulatory actions required with at www.sec.gov. Persons needing special
respect to the proposal are completed. accommodations to take part because of
4 Securities Exchange Act Release No. 79958
Self-Regulatory Organizations; Fixed (February 3, 2017), 82 FR 10117 (February 9, 2017)
a disability should notify the contact
Income Clearing Corporation; Notice of (SR–FICC–2017–001). person listed below. The public is
Designation of Longer Period for 5 See letter from Robert E. Pooler, Chief Financial invited to submit written statements to
Commission Action on Proposed Rule Officer, Ronin Capital LLC (‘‘Ronan’’), dated the Committee. The meeting will focus
February 24, 2017, to Eduardo A. Aleman, Assistant on potential recommendations and
Change To (1) Implement the Margin Secretary, Commission (‘‘Ronin Letter’’); letter from
Proxy, (2) Modify the Calculation of the Alan Levy, Managing Director, Industrial and updates from the four subcommittees.
Coverage Charge in Circumstances Commercial Bank of China Financial Services LLC DATES: The public meeting will be held
Where the Margin Proxy Applies, and (‘‘ICBCFS’’), dated February 24, 2017 (‘‘ICBCFS on Wednesday, April 5, 2017. Written
Letter’’); and letter from Timothy J. Cuddihy,
(3) Make Certain Technical Corrections Managing Director, FICC, dated March 8, 2017, to statements should be received on or
Eduardo A. Aleman, Assistant Secretary, before March 29, 2017.
March 14, 2017. Commission (‘‘FICC Letter’’), available at https://
sradovich on DSK3GMQ082PROD with NOTICES

ADDRESSES: The meeting will be held at
On February 2, 2017, Fixed Income www.sec.gov/comments/sr-ficc-2017-001/
Clearing Corporation (‘‘FICC’’) filed ficc2017001.htm. Since the proposal contained in the Commission’s headquarters, 100 F
the Proposed Rule Change was also filed as an Street NE., Washington, DC. Written
Advance Notice, Release No. 80139, supra note 3, statements may be submitted by any of
3 See Securities Exchange Act Release No. 79894
the Commission is considering all public comments
(January 30, 2017), 82 FR 9259. received on the proposal regardless of whether the
the following methods:
4 15 U.S.C. 78s(b)(2).
comments are submitted to the Proposed Rule
5 15 U.S.C. 78s(b)(2). Change or the Advance Notice. 7 Id.
6 17 CFR 200.30–3(a)(31). 6 15 U.S.C. 78s(b)(2). 8 17 CFR 200.30–3(a)(31).

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Document Created: 2017-03-18 01:11:18
Document Modified: 2017-03-18 01:11:18

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 14393