82_FR_16523 82 FR 16460 - Self-Regulatory Organizations; ISE Mercury, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Rename the Exchange as Nasdaq MRX, LLC

82 FR 16460 - Self-Regulatory Organizations; ISE Mercury, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Rename the Exchange as Nasdaq MRX, LLC

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 82, Issue 63 (April 4, 2017)

Page Range16460-16461
FR Document2017-06561

Federal Register, Volume 82 Issue 63 (Tuesday, April 4, 2017)
[Federal Register Volume 82, Number 63 (Tuesday, April 4, 2017)]
[Notices]
[Pages 16460-16461]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-06561]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-80326; File No. SR-ISEMercury-2017-05]


Self-Regulatory Organizations; ISE Mercury, LLC; Notice of Filing 
and Immediate Effectiveness of Proposed Rule Change To Rename the 
Exchange as Nasdaq MRX, LLC

March 29, 2017.
    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 March 17, 2017, ISE Mercury, LLC (``ISE Mercury'' 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.
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
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I. Self-Regulatory Organization's Statement of the Terms of Substance 
of the Proposed Rule Change

    The Exchange proposes to amend its Constitution, Limited Liability 
Company Agreement, Rule Book and Fee Schedule to rename itself Nasdaq 
MRX, LLC. In addition this rule change proposes to amend references to 
the names of certain affiliated markets within the ISE Mercury 
Rulebook.\3\
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    \3\ The affiliated markets are the International Securities 
Exchange, LLC and ISE Gemini, LLC.
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    The text of the proposed rule change is available on the Exchange's 
Web site at www.ise.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 rename the Exchange 
to reflect its new placement within the Nasdaq, Inc. corporate 
structure in connection with the March 9, 2016 acquisition by Nasdaq of 
the capital stock of U.S. Exchange Holdings, and the thereby indirectly 
acquiring all of the interests of the International Securities 
Exchange, LLC, ISE Gemini, LLC, and ISE Mercury, LLC.\4\
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    \4\ See Securities Exchange Act Release No. 78119 (June 27, 
2016), 81 FR 41611 (SR-ISE-2016-11; SR-ISE Gemini-2016-05; SR-ISE 
Mercury-2016-10) (Order Granting Accelerated Approval of Proposed 
Rule Changes, Each as Modified by Amendment No. 1 Thereto, Relating 
to a Corporate Transaction in Which Nasdaq, Inc. Will Become the 
Indirect Parent of ISE, ISE Gemini, and ISE Mercury).
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    Specifically, all references in the Exchange's Constitution, 
Limited Liability Company Agreement, Rule Book and Fee Schedule to 
``ISE Mercury, LLC'' or references to ``Mercury'' shall be amended to 
``Nasdaq MRX, LLC'' or ``Nasdaq MRX.'' Moreover, consistent with 
changes already filed for ISE Gemini, LLC, the rule change proposes to 
amend references to ``ISE Gemini'' to ``Nasdaq GEMX,'' and references 
to the ``International Securities Exchange'' and ``ISE'' to ``Nasdaq 
ISE.'' \5\ The Exchange also proposes minor grammatical changes which 
are necessary as a result of the name change, i.e., amending ``a'' to 
``an.'' The Exchange proposes to amend its name for ISE Mercury on 
April 3, 2017.
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    \5\ See Securities Exchange Act Release No. 80248 (March 15, 
2017) (SR-ISEGemini-2017-13). See also SR-ISE-2017-25.
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2. Statutory Basis
    The Exchange believes that its proposal is consistent with Section 
6(b) of the Act,\6\ in general, and furthers the objectives of Section 
6(b)(5) of the Act,\7\ in particular, in that it is designed to 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 by 
renaming the Exchange and updating the names of certain affiliated 
markets to reflect its current ownership.
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    \6\ 15 U.S.C. 78f(b).
    \7\ 15 U.S.C. 78f(b)(5).
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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 Exchange does not believe 
that the proposed rule change will impact the intense competition that 
exists in the options market. The name change will reflect the current 
ownership structure and unify the options markets operated by Nasdaq, 
Inc.

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 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 \8\ and Rule 19b-4(f)(6) thereunder.\9\
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    \8\ 15 U.S.C. 78s(b)(3)(A).
    \9\ 17 CFR 240.19b-4(f)(6). As required under Rule 19b-
4(f)(6)(iii), the Exchange provided the Commission with written 
notice of its intent to file the proposed rule change, along with a 
brief description and the 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.
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    A proposed rule change filed pursuant to Rule 19b-4(f)(6) under the 
Act \10\ normally does not become operative for 30 days after the date 
of its filing. However, Rule 19b-4(f)(6)(iii) \11\ permits the 
Commission to designate a shorter time if such action is consistent 
with the protection of investors and the

[[Page 16461]]

public interest. The Exchange has asked the Commission to waive the 30-
day operative delay so that the Exchange may amend its name as of April 
3, 2017. The Exchange stated that it intends to announce the name 
change for ISE Mercury and certain of its affiliated markets on the 
same date to reflect the unified ownership of these markets by Nasdaq, 
Inc.\12\ The Exchange believes that changing the names of all three 
affiliated markets at the same time is consistent with the protection 
of investors and the public interest because it will avoid any 
confusion that may arise with respect to the ownership by Nasdaq of the 
three markets, and will relieve various administrative burdens 
associated with the name changes.\13\ The Commission believes the 
waiver of the operative delay is consistent with the protection of 
investors and the public interest. Accordingly, the Commission hereby 
waives the operative delay and designates the proposed rule change 
operative upon filing.\14\
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    \10\ 17 CFR 240.19b-4(f)(6).
    \11\ 17 CFR 240.19b-4(f)(6)(iii).
    \12\ The International Securities Exchange, LLC and ISE Gemini, 
LLC have proposed in separate rule changes to amend their names as 
of April 3, 2017. See Securities Exchange Act Release No. 80248 
(March 15, 2017), 82 FR 14547 (March 21, 2017) (SR-ISEGemini-2017-
13) (``Nasdaq GEMX Proposal''). See also Securities Exchange Act 
Release No. 34-80325 (March 29, 2017) (SR-ISE-2017-25) (``Nasdaq ISE 
Proposal'').
    \13\ For example, the Exchange states that it is notifying a 
number of parties of the name change along with members of all three 
of the markets; the Exchange and members may have to update 
contractual agreements or forms as a result of the name change; and 
administrative changes can be accomplished at the same time if the 
operative dates of all three of the entities are aligned. The 
Exchange believes that it is in the interest of the members of ISE 
and the members of other markets, as well as the public, to change 
the names of the three markets at the same time to avoid additional 
administrative burdens if it were to change the names of the three 
markets on different dates. See Item 7 of SR-ISEMercury-2017-05, 
Form 19b-4. The Exchange further states that it will provide 
notification of the name changes to the members of all three 
affiliated markets. Id.
    \14\ The Commission notes that it has also waived the operative 
delay for the proposed rule changes associated with the renaming of 
ISE Gemini, LLC to Nasdaq GEMX, LLC, and ISE Mercury, LLC to Nasdaq 
MRX, LLC. See Nasdaq GEMX Proposal, supra note 12; and Nasdaq MRX 
Proposal, supra note 12. 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).
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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. 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 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-ISEMercury-2017-05 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-ISEMercury-2017-05. 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 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-ISEMercury-2017-05, and 
should be submitted on or before April 25, 2017.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\15\
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    \15\ 17 CFR 200.30-3(a)(12).
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Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017-06561 Filed 4-3-17; 8:45 am]
 BILLING CODE 8011-01-P



                                                    16460                           Federal Register / Vol. 82, No. 63 / Tuesday, April 4, 2017 / Notices

                                                    Commission should either approve or                     II. Self-Regulatory Organization’s                    of the Act,6 in general, and furthers the
                                                    disapprove or institute proceedings to                  Statement of the Purpose of, and                      objectives of Section 6(b)(5) of the Act,7
                                                    determine whether to disapprove the                     Statutory Basis for, the Proposed Rule                in particular, in that it is designed to
                                                    proposed rule change (File Number SR–                   Change                                                promote just and equitable principles of
                                                    NYSEMKT–2017–01).                                                                                             trade, to remove impediments to and
                                                                                                              In its filing with the Commission, the
                                                                                                                                                                  perfect the mechanism of a free and
                                                      For the Commission, by the Division of                Exchange included statements
                                                                                                                                                                  open market and a national market
                                                    Trading and Markets, pursuant to delegated              concerning the purpose of and basis for               system, and, in general to protect
                                                    authority.6                                             the proposed rule change and discussed                investors and the public interest by
                                                    Eduardo A. Aleman,                                      any comments it received on the                       renaming the Exchange and updating
                                                    Assistant Secretary.                                    proposed rule change. The text of these               the names of certain affiliated markets
                                                                                                            statements may be examined at the                     to reflect its current ownership.
                                                    [FR Doc. 2017–06569 Filed 4–3–17; 8:45 am]
                                                                                                            places specified in Item IV below. The
                                                    BILLING CODE 8011–01–P
                                                                                                            Exchange has prepared summaries, set                  B. Self-Regulatory Organization’s
                                                                                                            forth in sections A, B, and C below, of               Statement on Burden on Competition
                                                                                                            the most significant aspects of such                    The Exchange does not believe that
                                                    SECURITIES AND EXCHANGE                                 statements.
                                                    COMMISSION                                                                                                    the proposed rule change will impose
                                                                                                            A. Self-Regulatory Organization’s                     any burden on competition not
                                                                                                            Statement of the Purpose of, and                      necessary or appropriate in furtherance
                                                    [Release No. 34–80326; File No. SR–                                                                           of the purposes of the Act. The
                                                    ISEMercury–2017–05]                                     Statutory Basis for, the Proposed Rule
                                                                                                            Change                                                Exchange does not believe that the
                                                                                                                                                                  proposed rule change will impact the
                                                    Self-Regulatory Organizations; ISE                      1. Purpose                                            intense competition that exists in the
                                                    Mercury, LLC; Notice of Filing and                                                                            options market. The name change will
                                                    Immediate Effectiveness of Proposed                        The purpose of the proposed rule
                                                                                                            change is to rename the Exchange to                   reflect the current ownership structure
                                                    Rule Change To Rename the Exchange                                                                            and unify the options markets operated
                                                    as Nasdaq MRX, LLC                                      reflect its new placement within the
                                                                                                            Nasdaq, Inc. corporate structure in                   by Nasdaq, Inc.
                                                    March 29, 2017.                                         connection with the March 9, 2016                     C. Self-Regulatory Organization’s
                                                                                                            acquisition by Nasdaq of the capital                  Statement on Comments on the
                                                       Pursuant to Section 19(b)(1) of the
                                                                                                            stock of U.S. Exchange Holdings, and                  Proposed Rule Change Received From
                                                    Securities Exchange Act of 1934 (the
                                                                                                            the thereby indirectly acquiring all of               Members, Participants, or Others
                                                    ‘‘Act’’),1 and Rule 19b–4 thereunder,2                  the interests of the International
                                                    notice is hereby given that on March 17,                                                                        No written comments were either
                                                                                                            Securities Exchange, LLC, ISE Gemini,
                                                    2017, ISE Mercury, LLC (‘‘ISE Mercury’’                                                                       solicited or received.
                                                                                                            LLC, and ISE Mercury, LLC.4
                                                    or ‘‘Exchange’’) filed with the Securities                 Specifically, all references in the                III. Date of Effectiveness of the
                                                    and Exchange Commission (‘‘SEC’’ or                     Exchange’s Constitution, Limited                      Proposed Rule Change and Timing for
                                                    ‘‘Commission’’) the proposed rule                       Liability Company Agreement, Rule                     Commission Action
                                                    change as described in Items I and II                   Book and Fee Schedule to ‘‘ISE                           Because the proposed rule change
                                                    below, which Items have been prepared                   Mercury, LLC’’ or references to                       does not (i) significantly affect the
                                                    by the Exchange. The Commission is                      ‘‘Mercury’’ shall be amended to                       protection of investors or the public
                                                    publishing this notice to solicit                       ‘‘Nasdaq MRX, LLC’’ or ‘‘Nasdaq MRX.’’                interest; (ii) impose any significant
                                                    comments on the proposed rule change                    Moreover, consistent with changes                     burden on competition; and (iii) become
                                                    from interested persons.                                already filed for ISE Gemini, LLC, the                operative for 30 days from the date on
                                                                                                            rule change proposes to amend                         which it was filed, or such shorter time
                                                    I. Self-Regulatory Organization’s
                                                                                                            references to ‘‘ISE Gemini’’ to ‘‘Nasdaq              as the Commission may designate, it has
                                                    Statement of the Terms of Substance of                  GEMX,’’ and references to the
                                                    the Proposed Rule Change                                                                                      become effective pursuant to Section
                                                                                                            ‘‘International Securities Exchange’’ and             19(b)(3)(A) of the Act 8 and Rule 19b–
                                                       The Exchange proposes to amend its                   ‘‘ISE’’ to ‘‘Nasdaq ISE.’’ 5 The Exchange             4(f)(6) thereunder.9
                                                    Constitution, Limited Liability                         also proposes minor grammatical                          A proposed rule change filed
                                                    Company Agreement, Rule Book and                        changes which are necessary as a result               pursuant to Rule 19b–4(f)(6) under the
                                                    Fee Schedule to rename itself Nasdaq                    of the name change, i.e., amending ‘‘a’’              Act 10 normally does not become
                                                                                                            to ‘‘an.’’ The Exchange proposes to                   operative for 30 days after the date of its
                                                    MRX, LLC. In addition this rule change
                                                                                                            amend its name for ISE Mercury on                     filing. However, Rule 19b–4(f)(6)(iii) 11
                                                    proposes to amend references to the
                                                                                                            April 3, 2017.                                        permits the Commission to designate a
                                                    names of certain affiliated markets
                                                                                                            2. Statutory Basis                                    shorter time if such action is consistent
                                                    within the ISE Mercury Rulebook.3
                                                                                                                                                                  with the protection of investors and the
                                                       The text of the proposed rule change                   The Exchange believes that its
                                                    is available on the Exchange’s Web site                 proposal is consistent with Section 6(b)                6 15  U.S.C. 78f(b).
                                                    at www.ise.com, at the principal office                                                                         7 15  U.S.C. 78f(b)(5).
                                                                                                                                                                    8 15 U.S.C. 78s(b)(3)(A).
                                                    of the Exchange, and at the                                4 See Securities Exchange Act Release No. 78119
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                                                                                                                                                                    9 17 CFR 240.19b–4(f)(6). As required under Rule
                                                    Commission’s Public Reference Room.                     (June 27, 2016), 81 FR 41611 (SR–ISE–2016–11; SR–
                                                                                                            ISE Gemini-2016–05; SR–ISE Mercury–2016–10)           19b–4(f)(6)(iii), the Exchange provided the
                                                                                                            (Order Granting Accelerated Approval of Proposed      Commission with written notice of its intent to file
                                                                                                            Rule Changes, Each as Modified by Amendment No.       the proposed rule change, along with a brief
                                                      6 17                                                  1 Thereto, Relating to a Corporate Transaction in     description and the text of the proposed rule
                                                           CFR 200.30–3(a)(31).
                                                                                                            Which Nasdaq, Inc. Will Become the Indirect Parent    change, at least five business days prior to the date
                                                      1 15 U.S.C. 78s(b)(1).                                of ISE, ISE Gemini, and ISE Mercury).                 of filing of the proposed rule change, or such
                                                      2 17 CFR 240.19b–4.
                                                                                                               5 See Securities Exchange Act Release No. 80248    shorter time as designated by the Commission.
                                                      3 The affiliated markets are the International                                                                10 17 CFR 240.19b–4(f)(6).
                                                                                                            (March 15, 2017) (SR–ISEGemini–2017–13). See
                                                    Securities Exchange, LLC and ISE Gemini, LLC.           also SR–ISE–2017–25.                                    11 17 CFR 240.19b–4(f)(6)(iii).




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                                                                                    Federal Register / Vol. 82, No. 63 / Tuesday, April 4, 2017 / Notices                                                 16461

                                                    public interest. The Exchange has asked                 Commission shall institute proceedings                  For the Commission, by the Division of
                                                    the Commission to waive the 30-day                      to determine whether the proposed rule                Trading and Markets, pursuant to delegated
                                                    operative delay so that the Exchange                    should be approved or disapproved.                    authority.15
                                                    may amend its name as of April 3, 2017.                                                                       Eduardo A. Aleman,
                                                    The Exchange stated that it intends to                  IV. Solicitation of Comments                          Assistant Secretary.
                                                    announce the name change for ISE                          Interested persons are invited to                   [FR Doc. 2017–06561 Filed 4–3–17; 8:45 am]
                                                    Mercury and certain of its affiliated                   submit written data, views, and                       BILLING CODE 8011–01–P
                                                    markets on the same date to reflect the                 arguments concerning the foregoing,
                                                    unified ownership of these markets by                   including whether the proposed rule
                                                    Nasdaq, Inc.12 The Exchange believes                    change is consistent with the Act.                    SECURITIES AND EXCHANGE
                                                    that changing the names of all three                                                                          COMMISSION
                                                                                                            Comments may be submitted by any of
                                                    affiliated markets at the same time is
                                                                                                            the following methods:                                [Release No. 34–80328; File No. SR–CBOE–
                                                    consistent with the protection of                                                                             2017–024]
                                                    investors and the public interest                       Electronic Comments
                                                    because it will avoid any confusion that                                                                      Self-Regulatory Organizations;
                                                    may arise with respect to the ownership                    • Use the Commission’s Internet                    Chicago Board Options Exchange,
                                                    by Nasdaq of the three markets, and will                comment form (http://www.sec.gov/                     Incorporated; Notice of Filing of a
                                                    relieve various administrative burdens                  rules/sro.shtml); or                                  Proposed Rule Change Relating to
                                                    associated with the name changes.13                        • Send an email to rule-comments@                  Reporting Duties
                                                    The Commission believes the waiver of                   sec.gov. Please include File Number SR–
                                                    the operative delay is consistent with                  ISEMercury–2017–05 on the subject                     March 29, 2017.
                                                    the protection of investors and the                     line.                                                    Pursuant to Section 19(b)(1) of the
                                                    public interest. Accordingly, the                                                                             Securities Exchange Act of 1934 (the
                                                    Commission hereby waives the                            Paper Comments                                        ‘‘Act’’),1 and Rule 19b–4 thereunder,2
                                                    operative delay and designates the                                                                            notice is hereby given that on March 22,
                                                    proposed rule change operative upon                       • Send paper comments in triplicate                 2017, Chicago Board Options Exchange,
                                                    filing.14                                               to Brent J. Fields, Secretary, Securities             Incorporated (the ‘‘Exchange’’ or
                                                       At any time within 60 days of the                    and Exchange Commission, 100 F Street                 ‘‘CBOE’’) filed with the Securities and
                                                    filing of the proposed rule change, the                 NE., Washington, DC 20549–1090.                       Exchange Commission (the
                                                    Commission summarily may                                All submissions should refer to File                  ‘‘Commission’’) the proposed rule
                                                    temporarily suspend such rule change if                 Number SR–ISEMercury–2017–05. This                    change as described in Items I, II, and
                                                    it appears to the Commission that such                  file number should be included on the                 III below, which Items have been
                                                    action is necessary or appropriate in the               subject line if email is used. To help the            prepared by the Exchange. The
                                                    public interest, for the protection of                  Commission process and review your                    Commission is publishing this notice to
                                                    investors, or otherwise in furtherance of               comments more efficiently, please use                 solicit comments on the proposed rule
                                                    the purposes of the Act. If the                         only one method. The Commission will                  change from interested persons.
                                                    Commission takes such action, the                       post all comments on the Commission’s                 I. Self-Regulatory Organization’s
                                                      12 The
                                                                                                            Internet Web site (http://www.sec.gov/                Statement of the Terms of Substance of
                                                              International Securities Exchange, LLC and
                                                    ISE Gemini, LLC have proposed in separate rule          rules/sro.shtml). Copies of the                       the Proposed Rule Change
                                                    changes to amend their names as of April 3, 2017.       submission, all subsequent
                                                    See Securities Exchange Act Release No. 80248           amendments, all written statements                      The Exchange proposes to amend its
                                                    (March 15, 2017), 82 FR 14547 (March 21, 2017)          with respect to the proposed rule                     Rules to provide guidance on Trading
                                                    (SR–ISEGemini–2017–13) (‘‘Nasdaq GEMX
                                                                                                            change that are filed with the                        Permit Holder (‘‘TPH’’) reporting duties
                                                    Proposal’’). See also Securities Exchange Act                                                                 when certain required reporting
                                                    Release No. 34–80325 (March 29, 2017) (SR–ISE–          Commission, and all written
                                                    2017–25) (‘‘Nasdaq ISE Proposal’’).                     communications relating to the                        information is unknown. The text of the
                                                       13 For example, the Exchange states that it is
                                                                                                            proposed rule change between the                      proposed rule change is available on the
                                                    notifying a number of parties of the name change
                                                                                                            Commission and any person, other than                 Exchange’s Web site (http://
                                                    along with members of all three of the markets; the                                                           www.cboe.com/AboutCBOE/
                                                    Exchange and members may have to update                 those that may be withheld from the
                                                    contractual agreements or forms as a result of the      public in accordance with the                         CBOELegalRegulatoryHome.aspx), at
                                                    name change; and administrative changes can be          provisions of 5 U.S.C. 552, will be                   the Exchange’s Office of the Secretary,
                                                    accomplished at the same time if the operative
                                                                                                            available for Web site viewing and                    and at the Commission’s Public
                                                    dates of all three of the entities are aligned. The                                                           Reference Room.
                                                    Exchange believes that it is in the interest of the     printing in the Commission’s Public
                                                    members of ISE and the members of other markets,        Reference Room, 100 F Street NE.,                     II. Self-Regulatory Organization’s
                                                    as well as the public, to change the names of the       Washington, DC 20549 on official
                                                    three markets at the same time to avoid additional
                                                                                                                                                                  Statement of the Purpose of, and
                                                    administrative burdens if it were to change the         business days between the hours of                    Statutory Basis for, the Proposed Rule
                                                    names of the three markets on different dates. See      10:00 a.m. and 3:00 p.m. Copies of such               Change
                                                    Item 7 of SR–ISEMercury–2017–05, Form 19b–4.            filing also will be available for
                                                    The Exchange further states that it will provide                                                                In its filing with the Commission, the
                                                                                                            inspection and copying at the principal
                                                    notification of the name changes to the members of                                                            Exchange included statements
                                                    all three affiliated markets. Id.                       office of the Exchange. All comments
                                                                                                                                                                  concerning the purpose of and basis for
                                                                                                            received will be posted without change;
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                                                       14 The Commission notes that it has also waived
                                                                                                                                                                  the proposed rule change and discussed
                                                    the operative delay for the proposed rule changes       the Commission does not edit personal
                                                    associated with the renaming of ISE Gemini, LLC                                                               any comments it received on the
                                                                                                            identifying information from
                                                    to Nasdaq GEMX, LLC, and ISE Mercury, LLC to                                                                  proposed rule change. The text of these
                                                                                                            submissions. You should submit only
                                                    Nasdaq MRX, LLC. See Nasdaq GEMX Proposal,                                                                    statements may be examined at the
                                                    supra note 12; and Nasdaq MRX Proposal, supra           information that you wish to make
                                                                                                                                                                  places specified in Item IV below. The
                                                    note 12. For purposes only of waiving the 30-day        available publicly. All submissions
                                                    operative delay, the Commission has also                should refer to File Number SR–                         15 17 CFR 200.30–3(a)(12).
                                                    considered the proposed rule’s impact on
                                                    efficiency, competition, and capital formation. See
                                                                                                            ISEMercury–2017–05, and should be                       1 15 U.S.C. 78s(b)(1).
                                                    15 U.S.C. 78c(f).                                       submitted on or before April 25, 2017.                  2 17 CFR 240.19b–4.




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Document Created: 2017-04-03 23:54:07
Document Modified: 2017-04-03 23:54:07
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
FR Citation82 FR 16460 

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