82 FR 18800 - Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing of Proposed Rule Change To Shorten the Standard Settlement Cycle From Three Business Days After the Trade Date to Two Business Days After the Trade Date

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 82, Issue 76 (April 21, 2017)

Page Range		18800-18802
FR Document		2017-08057
Federal Register, Volume 82 Issue 76 (Friday, April 21, 2017)
[Federal Register Volume 82, Number 76 (Friday, April 21, 2017)]
[Notices]
[Pages 18800-18802]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-08057]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-80467; File No. SR-CHX-2017-06]


Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; 
Notice of Filing of Proposed Rule Change To Shorten the Standard 
Settlement Cycle From Three Business Days After the Trade Date to Two 
Business Days After the Trade Date

April 17, 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 April 6, 2017, the Chicago Stock Exchange, Inc. (``CHX'' or 
``Exchange'') filed with the Securities and Exchange Commission (the 
``Commission'') the proposed rule change as described in Items I, II 
and III below, which Items have been prepared by the self-regulatory 
organization. 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

    CHX proposes to amend Articles 1 and 9 of the Rules of the Exchange 
(``CHX Rules'') to conform to an amendment to Securities Exchange Act 
Rule 15c6-1(a) \3\ to shorten the standard settlement cycle from three 
business days after the trade date (``T+3'') to two business days after 
the trade date (``T+2''). The text of this proposed rule change is 
available on the Exchange's Web site at http://www.chx.com/regulatory-operations/rule-filings/, at the principal office of the Exchange, and 
at the Commission's Public Reference Room.
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    \3\ 17 CFR 240.15c6-1(a).

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[[Page 18801]]

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 self-regulatory organization 
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 those 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 parts of such statements.

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

1. Purpose
    The Exchange proposes to amend Article 1, Rule 2(e) and Article 9, 
Rule 7 to conform to an amendment to Securities Exchange Act Rule 15c6-
1(a) \4\ to shorten the standard settlement cycle from T+3 to T+2. The 
operative date of the proposed rule change is September 5, 2017.
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    \4\ See id; see also infra notes 8 and 9.
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Background
    In 1993, the Commission adopted Securities Exchange Act Rule 15c6-
1(a),\5\ which established three business days after trade date instead 
of five business days (``T+5''), as the standard trade settlement cycle 
for most securities transactions. The rule became effective in June 
1995.\6\ In March 1995, the Exchange amended its rules to be consistent 
with the T+3 settlement cycle for securities transactions.\7\
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    \5\ 17 CFR 240.15c6-1(a).
    \6\ See Securities Exchange Act Release Nos. 33023 (October 6, 
1993), 58 FR 52891 (order adopting Rule 15c6-1); see also Securities 
Exchange Act Release No. 34952 (November 9, 1994), 59 FR 59137 
(order changing the effective date from June 1, 1995, to June 7, 
1995).
    \7\ See Securities Exchange Act Release No. 35554 (March 31, 
1995), 60 FR 17597 (April 6, 1995); see also Securities Exchange Act 
Release No. 35155 (December 27, 1994), 60 FR 517 (January 4, 1995) 
(SR-CHX-94-26).
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    On September 28, 2016, the SEC proposed amendments to Rule 15c6-
1(a) to shorten the standard settlement cycle from T+3 to T+2 on the 
basis that the shorter settlement cycle would reduce the risks that 
arise from the value and number of unsettled securities transactions 
prior to completion of settlement, including credit, market and 
liquidity risk faced by U.S. market participants.\8\ The proposed rule 
amendment was published for comment in the Federal Register on October 
5, 2016.\9\ On March 22, 2017, the SEC adopted the proposed rule 
amendment and set a Rule 15c6-1(a) compliance date of September 5, 
2017.\10\
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    \8\ See SEC Press Release 2016-200: ``SEC Proposes Rule 
Amendment to Expedite Process for Settling Securities Transactions'' 
(September 28, 2016).
    \9\ See Securities Exchange Act Release No. 78962 (September 28, 
2016), 81 FR 69240 (October 5, 2016) (File No. S7-22-16) (``SEC 
Proposing Release'').
    \10\ See Securities Exchange Act Relesae [sic] No. 80295 (March 
22, 2017), 82 FR 15564 (March 29, 2017) (``SEC Adopting Release'').
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    In light of this action by the SEC, the Exchange proposes to amend 
CHX Rules to reflect ``regular way'' settlement as occurring on 
T+2.\11\
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    \11\ In December 2016, the New York Stock Exchange (``NYSE'') 
also filed a rule change to reflect ``regular way'' settlement as 
occurring on T+2. See Securities Exchange Act Release No. 80021 
(February 10, 2017), 82 FR 10931 (February 16, 2017); see also 
Securities Exchange Act Release No. 79659 (December 22, 2016), 81 FR 
96076 (December 29, 2016) (SR-NYSE-2016-87).
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Proposed Rule Change
    The Exchange proposes to amend Article 1, Rule 2(e) and Article 9, 
Rule 7 to reflect a T+2 settlement cycle. Except for changes reflecting 
the shortened settlement period, the Exchange does not propose any 
other amendments to the CHX Rules.
    Current Article 1, Rule 2(e)(1) provides, in pertinent part, that 
``Regular Way Settlement'' means a transaction for delivery on the 
third full business day following the day of the contract. The Exchange 
proposes an amendment to change ``third full business day'' to ``second 
full business day.''
    Current Article 1, Rule 2(e)(2)(C) provides that ``Seller's 
Option'' means transaction for delivery within the time specified in 
the option, which time shall not be less than four (4) full business 
days nor more than 60 days following the day of the contract; except 
that the Exchange may provide otherwise in specific issues of stocks or 
classes of stocks. The Exchange proposes an amendment to change ``four 
(4) full business days'' to ``three (3) full business days.''
    Current Article 9, Rule 7(a) provides, in pertinent part, that 
transactions in stocks, except as provided below, shall be ex-dividend 
or ex-rights two full business days immediately preceding the date of 
record fixed by the corporation for the determination of stockholders 
entitled to receive such dividends or rights, except: (1) When such 
record date occurs upon a holiday or half-holiday, transactions in the 
stock shall be ex-dividend or ex-rights three full business days 
immediately preceding the record date. The Exchange proposes amendments 
to change ``two full business days'' to ``business day'' under Rule 
7(a) and ``three full business days'' to ``two full business days'' 
under Rule 7(a)(1).
    Current Article 9, Rule 7(b) provides, in pertinent part, that 
transactions in securities which have subscription warrants attached 
(except those made for ``cash'') shall be ex-warrants on the second 
full business day preceding the date of expiration of the warrants, 
except: (1) When the day of expiration occurs on a holiday or Sunday, 
said transactions shall be ex-warrants on the third full business day 
preceding said day of expiration. The Exchange proposes amendments to 
change ``second full business day'' to ``business day'' under Rule 7(b) 
and ``third full business day'' to ``second full business day'' under 
Rule 7(b)(1).
    As noted above, the Exchange proposes to make the proposed rule 
change operative on September 5, 2017, which is the compliance date for 
the amendment to Rule 15c6-1(a) set by the SEC.\12\
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    \12\ See supra note 10.
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2. Statutory Basis
    The Exchange believes that the proposed rule change is consistent 
with Section 6(b) of the Act,\13\ in general, and furthers the 
objectives of Section 6(b)(5) of the Act,\14\ in particular, because it 
is designed to prevent fraudulent and manipulative acts and practices, 
promote just and equitable principles of trade, to foster cooperation 
and coordination with persons engaged in regulating, clearing, 
settling, processing information with respect to, and 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.
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    \13\ 15 U.S.C. 78f(b).
    \14\ 15 U.S.C. 78f(b)(5).
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    In particular, the Exchange believes that the proposed rule change 
supports the industry-led initiative to shorten the settlement cycle to 
two business days. Moreover, the proposed rule change is consistent 
with the SEC's amendment to Securities Exchange Act Rule 15c6-1(a) to 
require standard settlement no later than T+2. The Exchange believes 
that the proposed rule change will provide the regulatory certainty to 
facilitate the industry-led move to a T+2 settlement cycle. Further, 
the Exchange believes that, by shortening the time period for 
settlement of most securities transactions, the proposed rule change 
would protect investors and the public

[[Page 18802]]

interest by reducing the number of unsettled trades in the clearance 
and settlement system at any given time, thereby reducing the risk 
inherent in settling securities transactions to clearing corporations, 
their members and public investors. The Exchange also believes that the 
proposed operative date for the proposed rule change of September 5, 
2017 would remove impediments to and perfect the mechanisms of a free 
and open market and a national market system as it is identical to the 
compliance date for the amendment to Rule 15c6-1(a) set by the SEC.\15\
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    \15\ See supra note 10.
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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 that is not necessary or appropriate 
in furtherance of the purposes of the Act. The proposed change is not 
designed to address any competitive issue, but rather facilitate the 
industry's transition to a T+2 regular way settlement cycle. The 
Exchange also believes that the proposed rule change will serve to 
promote clarity and consistency, thereby reducing burdens on the 
marketplace and facilitating investor protection. Moreover, the 
proposed rule change is consistent with the SEC's amendment to 
Securities Exchange Act Rule 15c6-1(a) to require standard settlement 
no later than T+2. Accordingly, the Exchange believes that the proposed 
changes do not impose any burdens on the industry in addition to those 
necessary to implement amendments to Securities Exchange Act Rule 15c6-
1(a) as described and enumerated in the SEC Proposing Release.\16\
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    \16\ See supra note 9.
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C. Self-Regulatory Organization's Statement on Comments on the Proposed 
Rule Change Received From Members, Participants, or Others

    No written comments were solicited or received with respect to the 
proposed rule change.

III. Date of Effectiveness of the Proposed Rule Change and Timing for 
Commission Action

    Within 45 days of the date of publication of this notice in the 
Federal Register or within such longer period (i) as the Commission may 
designate up to 90 days of such date if it finds such longer period to 
be appropriate and publishes its reasons for so finding or (ii) as to 
which the self-regulatory organization consents, the Commission will:
    A. By order approve or disapprove the proposed rule change, or
    B. Institute proceedings to determine whether the proposed rule 
change should be 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-CHX-2017-06 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-CHX-2017-06. 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-CHX-2017-06, and should be 
submitted on or before May 12, 2017.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\17\
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    \17\ 17 CFR 200.30-3(a)(12).
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Brent J. Fields,
Secretary.
[FR Doc. 2017-08057 Filed 4-20-17; 8:45 am]
BILLING CODE 8011-01-P
Federal Register / Vol. 82, No. 76 / Friday, April 21, 2017 / Notices 18801

II. Self-Regulatory Organization’s proposed rule amendment was preceding the record date. The
Statement of the Purpose of, and published for comment in the Federal Exchange proposes amendments to
Statutory Basis for, the Proposed Rule Register on October 5, 2016.9 On March change ‘‘two full business days’’ to
Change 22, 2017, the SEC adopted the proposed ‘‘business day’’ under Rule 7(a) and
In its filing with the Commission, the rule amendment and set a Rule 15c6– ‘‘three full business days’’ to ‘‘two full
self-regulatory organization included 1(a) compliance date of September 5, business days’’ under Rule 7(a)(1).
statements concerning the purpose of, 2017.10 Current Article 9, Rule 7(b) provides,
and basis for, the proposed rule change In light of this action by the SEC, the in pertinent part, that transactions in
and discussed any comments it received Exchange proposes to amend CHX Rules securities which have subscription
on the proposed rule change. The text to reflect ‘‘regular way’’ settlement as warrants attached (except those made
of those statements may be examined at occurring on T+2.11 for ‘‘cash’’) shall be ex-warrants on the
the places specified in Item IV below. second full business day preceding the
Proposed Rule Change date of expiration of the warrants,
The Exchange has prepared summaries,
set forth in sections A, B and C below, The Exchange proposes to amend except: (1) When the day of expiration
of the most significant parts of such Article 1, Rule 2(e) and Article 9, Rule occurs on a holiday or Sunday, said
statements. 7 to reflect a T+2 settlement cycle. transactions shall be ex-warrants on the
Except for changes reflecting the third full business day preceding said
A. Self-Regulatory Organization’s shortened settlement period, the day of expiration. The Exchange
Statement of the Purpose of, and the Exchange does not propose any other proposes amendments to change
Statutory Basis for, the Proposed Rule amendments to the CHX Rules. ‘‘second full business day’’ to ‘‘business
Change Current Article 1, Rule 2(e)(1) day’’ under Rule 7(b) and ‘‘third full
1. Purpose provides, in pertinent part, that business day’’ to ‘‘second full business
‘‘Regular Way Settlement’’ means a day’’ under Rule 7(b)(1).
The Exchange proposes to amend As noted above, the Exchange
transaction for delivery on the third full
Article 1, Rule 2(e) and Article 9, Rule proposes to make the proposed rule
business day following the day of the
7 to conform to an amendment to change operative on September 5, 2017,
contract. The Exchange proposes an
Securities Exchange Act Rule 15c6– which is the compliance date for the
amendment to change ‘‘third full
1(a) 4 to shorten the standard settlement amendment to Rule 15c6–1(a) set by the
business day’’ to ‘‘second full business
cycle from T+3 to T+2. The operative SEC.12
day.’’
date of the proposed rule change is
Current Article 1, Rule 2(e)(2)(C) 2. Statutory Basis
September 5, 2017.
provides that ‘‘Seller’s Option’’ means
Background transaction for delivery within the time The Exchange believes that the
specified in the option, which time shall proposed rule change is consistent with
In 1993, the Commission adopted Section 6(b) of the Act,13 in general, and
Securities Exchange Act Rule 15c6– not be less than four (4) full business
days nor more than 60 days following furthers the objectives of Section 6(b)(5)
1(a),5 which established three business of the Act,14 in particular, because it is
days after trade date instead of five the day of the contract; except that the
Exchange may provide otherwise in designed to prevent fraudulent and
business days (‘‘T+5’’), as the standard manipulative acts and practices,
trade settlement cycle for most specific issues of stocks or classes of
stocks. The Exchange proposes an promote just and equitable principles of
securities transactions. The rule became trade, to foster cooperation and
effective in June 1995.6 In March 1995, amendment to change ‘‘four (4) full
business days’’ to ‘‘three (3) full coordination with persons engaged in
the Exchange amended its rules to be regulating, clearing, settling, processing
consistent with the T+3 settlement cycle business days.’’
Current Article 9, Rule 7(a) provides, information with respect to, and remove
for securities transactions.7
in pertinent part, that transactions in impediments to and perfect the
On September 28, 2016, the SEC
proposed amendments to Rule 15c6– stocks, except as provided below, shall mechanism of a free and open market
1(a) to shorten the standard settlement be ex-dividend or ex-rights two full and a national market system, and, in
cycle from T+3 to T+2 on the basis that business days immediately preceding general, to protect investors and the
the shorter settlement cycle would the date of record fixed by the public interest.
corporation for the determination of In particular, the Exchange believes
reduce the risks that arise from the
stockholders entitled to receive such that the proposed rule change supports
value and number of unsettled
dividends or rights, except: (1) When the industry-led initiative to shorten the
securities transactions prior to
such record date occurs upon a holiday settlement cycle to two business days.
completion of settlement, including
credit, market and liquidity risk faced or half-holiday, transactions in the stock Moreover, the proposed rule change is
by U.S. market participants.8 The shall be ex-dividend or ex-rights three consistent with the SEC’s amendment to
full business days immediately Securities Exchange Act Rule 15c6–1(a)
4 See id; see also infra notes 8 and 9.
to require standard settlement no later
5 17 CFR 240.15c6–1(a). 9 See Securities Exchange Act Release No. 78962 than T+2. The Exchange believes that
6 See Securities Exchange Act Release Nos. 33023 (September 28, 2016), 81 FR 69240 (October 5, the proposed rule change will provide
(October 6, 1993), 58 FR 52891 (order adopting Rule 2016) (File No. S7–22–16) (‘‘SEC Proposing the regulatory certainty to facilitate the
15c6–1); see also Securities Exchange Act Release Release’’). industry-led move to a T+2 settlement
No. 34952 (November 9, 1994), 59 FR 59137 (order 10 See Securities Exchange Act Relesae [sic] No.
changing the effective date from June 1, 1995, to 80295 (March 22, 2017), 82 FR 15564 (March 29,
cycle. Further, the Exchange believes
sradovich on DSK3GMQ082PROD with NOTICES

June 7, 1995). 2017) (‘‘SEC Adopting Release’’). that, by shortening the time period for
7 See Securities Exchange Act Release No. 35554 11 In December 2016, the New York Stock settlement of most securities
(March 31, 1995), 60 FR 17597 (April 6, 1995); see Exchange (‘‘NYSE’’) also filed a rule change to transactions, the proposed rule change
also Securities Exchange Act Release No. 35155 reflect ‘‘regular way’’ settlement as occurring on
(December 27, 1994), 60 FR 517 (January 4, 1995)
would protect investors and the public
T+2. See Securities Exchange Act Release No.
(SR–CHX–94–26). 80021 (February 10, 2017), 82 FR 10931 (February
8 See SEC Press Release 2016–200: ‘‘SEC Proposes 12 See supra note 10.
16, 2017); see also Securities Exchange Act Release
13 15 U.S.C. 78f(b).
Rule Amendment to Expedite Process for Settling No. 79659 (December 22, 2016), 81 FR 96076
Securities Transactions’’ (September 28, 2016). (December 29, 2016) (SR–NYSE–2016–87). 14 15 U.S.C. 78f(b)(5).

VerDate Sep<11>2014 17:30 Apr 20, 2017 Jkt 241001 PO 00000 Frm 00074 Fmt 4703 Sfmt 4703 E:\FR\FM\21APN1.SGM 21APN1
18802 Federal Register / Vol. 82, No. 76 / Friday, April 21, 2017 / Notices

interest by reducing the number of organization consents, the Commission For the Commission, by the Division of
unsettled trades in the clearance and will: Trading and Markets, pursuant to delegated
settlement system at any given time, A. By order approve or disapprove the authority.17
thereby reducing the risk inherent in proposed rule change, or Brent J. Fields,
settling securities transactions to B. Institute proceedings to determine Secretary.
clearing corporations, their members whether the proposed rule change [FR Doc. 2017–08057 Filed 4–20–17; 8:45 am]
and public investors. The Exchange also should be disapproved. BILLING CODE 8011–01–P
believes that the proposed operative IV. Solicitation of Comments
date for the proposed rule change of
September 5, 2017 would remove Interested persons are invited to SECURITIES AND EXCHANGE
impediments to and perfect the submit written data, views, and COMMISSION
mechanisms of a free and open market arguments concerning the foregoing,
including whether the proposed rule [Release No. 34–80470; File No. SR–CBOE–
and a national market system as it is 2017–030]
identical to the compliance date for the change is consistent with the Act.
amendment to Rule 15c6–1(a) set by the Comments may be submitted by any of
Self-Regulatory Organizations;
SEC.15 the following methods:
Chicago Board Options Exchange,
B. Self-Regulatory Organization’s Electronic Comments Incorporated; Notice of Filing and
Statement on Burden on Competition • Use the Commission’s Internet Immediate Effectiveness of a Proposed
comment form (http://www.sec.gov/ Rule Change To Amend the MDX Fees
The Exchange does not believe that Schedule
the proposed rule change will impose rules/sro.shtml); or
• Send an email to rule-comments@ April 17, 2017.
any burden on competition that is not
sec.gov. Please include File Number SR–
necessary or appropriate in furtherance Pursuant to Section 19(b)(1) of the
CHX–2017–06 on the subject line.
of the purposes of the Act. The Securities Exchange Act of 1934 (the
proposed change is not designed to Paper Comments ‘‘Act’’),1 and Rule 19b–4 thereunder,2
address any competitive issue, but • Send paper comments in triplicate notice is hereby given that on April 3,
rather facilitate the industry’s transition to Brent J. Fields, Secretary, Securities 2017, Chicago Board Options Exchange,
to a T+2 regular way settlement cycle. and Exchange Commission, 100 F Street Incorporated (the ‘‘Exchange’’ or
The Exchange also believes that the NE., Washington, DC 20549–1090. ‘‘CBOE’’) filed with the Securities and
proposed rule change will serve to Exchange Commission (the
All submissions should refer to File
promote clarity and consistency, ‘‘Commission’’) the proposed rule
Number SR–CHX–2017–06. This file
thereby reducing burdens on the change as described in Items I, II, and
number should be included on the
marketplace and facilitating investor III below, which Items have been
subject line if email is used. To help the
protection. Moreover, the proposed rule prepared by the Exchange. The
Commission process and review your
change is consistent with the SEC’s Commission is publishing this notice to
comments more efficiently, please use
amendment to Securities Exchange Act solicit comments on the proposed rule
only one method. The Commission will
Rule 15c6–1(a) to require standard change from interested persons.
post all comments on the Commission’s
settlement no later than T+2. Internet Web site (http://www.sec.gov/ I. Self-Regulatory Organization’s
Accordingly, the Exchange believes that rules/sro.shtml). Copies of the Statement of the Terms of Substance of
the proposed changes do not impose submission, all subsequent the Proposed Rule Change
any burdens on the industry in addition amendments, all written statements
to those necessary to implement Chicago Board Options Exchange,
with respect to the proposed rule Incorporated (the ‘‘Exchange’’ or
amendments to Securities Exchange Act change that are filed with the
Rule 15c6–1(a) as described and ‘‘CBOE’’) proposes to amend its MDX
Commission, and all written fees schedule. The text of the proposed
enumerated in the SEC Proposing communications relating to the
Release.16 rule change is available on the
proposed rule change between the Exchange’s Web site (http://
C. Self-Regulatory Organization’s Commission and any person, other than www.cboe.com/AboutCBOE/
Statement on Comments on the those that may be withheld from the CBOELegalRegulatoryHome.aspx), at
Proposed Rule Change Received From public in accordance with the the Exchange’s Office of the Secretary,
Members, Participants, or Others provisions of 5 U.S.C. 552, will be and at the Commission’s Public
No written comments were solicited available for Web site viewing and Reference Room.
or received with respect to the proposed printing in the Commission’s Public
Reference Room, 100 F Street NE., II. Self-Regulatory Organization’s
rule change.
Washington, DC 20549, on official Statement of the Purpose of, and
III. Date of Effectiveness of the business days between the hours of Statutory Basis for, the Proposed Rule
Proposed Rule Change and Timing for 10:00 a.m. and 3:00 p.m. Copies of the Change
Commission Action filing also will be available for In its filing with the Commission, the
Within 45 days of the date of inspection and copying at the principal Exchange included statements
publication of this notice in the Federal office of the Exchange. All comments concerning the purpose of and basis for
Register or within such longer period (i) received will be posted without change; the proposed rule change and discussed
the Commission does not edit personal
sradovich on DSK3GMQ082PROD with NOTICES

as the Commission may designate up to any comments it received on the
90 days of such date if it finds such identifying information from proposed rule change. The text of these
longer period to be appropriate and submissions. You should submit only statements may be examined at the
publishes its reasons for so finding or information that you wish to make places specified in Item IV below. The
(ii) as to which the self-regulatory available publicly. All submissions
should refer to File Number SR–CHX– 17 17 CFR 200.30–3(a)(12).
15 See supra note 10. 2017–06, and should be submitted on or 1 15 U.S.C. 78s(b)(1).
16 See supra note 9. before May 12, 2017. 2 17 CFR 240.19b–4.

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Document Created: 2017-04-21 01:18:57
Document Modified: 2017-04-21 01:18:57
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 18800