82 FR 22694 - Self-Regulatory Organizations; Chicago Board Options Exchange, Incorporated; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change Relating to Quoting Bandwidth Allowance
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 82, Issue 94 (May 17, 2017)
Federal Register Volume 82, Issue 94 (May 17, 2017)
| Page Range | 22694-22696 | |
| FR Document | 2017-09924 |
[Federal Register Volume 82, Number 94 (Wednesday, May 17, 2017)] [Notices] [Pages 22694-22696] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2017-09924] ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION [Release No. 34-80654; File No. SR-CBOE-2017-036] Self-Regulatory Organizations; Chicago Board Options Exchange, Incorporated; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change Relating to Quoting Bandwidth Allowance May 11, 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 April 28, 2017, Chicago Board Options Exchange, Incorporated (the ``Exchange'' or ``CBOE'') filed with the Securities and Exchange Commission (the ``Commission'') the proposed rule change as described in Items I and II, below, which Items have been prepared by the Exchange. The Exchange filed the proposal as a ``non-controversial'' proposed rule change pursuant to [[Page 22695]] Section 19(b)(3)(A)(iii) of the Act \3\ and Rule 19b-4(f)(6) thereunder.\4\ The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons. --------------------------------------------------------------------------- \1\ 15 U.S.C. 78s(b)(1). \2\ 17 CFR 240.19b-4. \3\ 15 U.S.C. 78s(b)(3)(A)(iii). \4\ 17 CFR 240.19b-4(f)(6). --------------------------------------------------------------------------- I. Self-Regulatory Organization's Statement of the Terms of Substance of the Proposed Rule Change The Exchange proposes to amend its Fees Schedule with respect to quoting bandwidth allowance. The text of the proposed rule change is available on the Exchange's Web site (http://www.cboe.com/AboutCBOE/CBOELegalRegulatoryHome.aspx), at the Exchange's Office of the Secretary, 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 Exchange proposes to amend its Fees Schedule. The Fees Schedule currently sets forth the quoting bandwidth allowance for a Market-Maker Trading Permit for the Regular Trading Hours (``RTH'') session (``RTH MM Trading Permit'') and a Market-Maker Trading Permit for the Extended Hours Trading (``ETH'') session (``ETH MM Trading Permit''). The bandwidth allowance is referenced as a maximum number of quotes over the course of the trading session. Currently, the quoting bandwidth allowance for a RTH MM Trading Permit is equivalent to a maximum of 40,500,000 quotes over the course of the trading sessions and the quoting bandwidth allowance for an ETH MM Trading Permit is equivalent to a maximum of 37,500,000 quotes over the course of the trading session. Additionally, to the extent a Market-Maker is able to submit electronic quotes in a Hybrid 3.0 class (such as an LMM that streams quotes in the class or a Market-Maker or LMM that streams quotes in a series of a Hybrid 3.0 class that trades on the Hybrid Trading System), the Market-Maker receives the quoting bandwidth allowance to quote in, and only in, that class. The Exchange proposes to increase the quoting bandwidth for RTH and ETH MM Trading Permits that are used for an appointment in S&P 500 Index options (``SPX'') (including SPXW) (i.e., Hybrid 3.0 class). The Exchange notes that it recently proposed to move P.M.-settled S&P 500 Index options expiring on the third-Friday of the month (``third- Friday''), currently listed in a separate class and trading under the symbol ``SPXPM'', to the SPX class which includes the weekly SPXW. In connection with the move, the Exchange is changing the trading symbol for these options from ``SPXPM'' to ``SPXW.'' The Exchange notes that as a result of the move of SPXPM to SPXW, Market-Makers with an appointment in SPX will have an obligation to quote more series (i.e., series that were formerly SPXPM, will now become SPXW). As such, the Exchange intends to increase quoting bandwidth allowance for all Market-Maker Trading Permits used for appointments in SPX/SPXW in order to ensure adequate bandwidth capacity to meet their quoting obligations and ensure a smooth transition of SPXPM into the SPX/SPXW class. The Exchange therefore seeks to make a corresponding amendment to the Fees Schedule. Specifically, the Exchange proposes to provide that the maximum number of quotes over the course of the RTH trading session for Market-Maker Trading Permits used for SPX/SPXW appointments is 81,000,000 and the maximum number of quotes over the course of the ETH trading session for Trading Permits used for an appointment in SPX/SPXW is 75,000,000. The Fees Schedule will also reflect that the quoting allowance for RTH MM Trading Permits used for an appointment in any options classes other than SPX/SPXW will remain at 40,500,000 and the allowance for ETH MM Trading Permits that do not have an appointment in SPX/SPXW will remain at 37,500,000. The Exchange notes that the increase of the respective quoting bandwidth allowances for RTH and ETH applies to all RTH and ETH Market-Maker Trading Permits used for SPX/ SPXW appointments. Lastly, the Exchange notes that it is not increasing the quoting bandwidth allowance for the Quoting and Order Entry Bandwidth Packets, as the Exchange does not believe it is necessary. Accordingly, the Exchange proposes to clarify in the Fees Schedule that the quoting allowance provided with a Quoting and Order Entry Bandwidth Packet is the same as the quoting allowance that is provided with Market-Maker Trading Permits not used for an appointment in SPX/SPXW. 2. Statutory Basis The Exchange believes the proposed rule change is consistent with the Securities Exchange Act of 1934 (the ``Act'') and the rules and regulations thereunder applicable to the Exchange and, in particular, the requirements of Section 6(b) of the Act.\5\ Specifically, the Exchange believes the proposed rule change is consistent with the Section 6(b)(5) \6\ requirements that the rules of an exchange be designed to prevent fraudulent and manipulative acts and practices, to 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 facilitating transactions in securities, 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. Additionally, the Exchange believes the proposed rule change is consistent with the Section 6(b)(5) \7\ requirement that the rules of an exchange not be designed to permit unfair discrimination between customers, issuers, brokers, or dealers. --------------------------------------------------------------------------- \5\ 15 U.S.C. 78f(b). \6\ 15 U.S.C. 78f(b)(5). \7\ Id. --------------------------------------------------------------------------- The Exchange believes that amending the Fees Schedule to accurately reflect the increase in quoting bandwidth allowance, alleviates confusion, thereby removing impediments to and perfecting the mechanism of a free open market and a national market system, and, in general, protecting investors and the public interest. The Exchange also notes that increasing quoting bandwidth for MM Trading Permits with an SPX/ SPXW appointment helps ensure that Market-Makers have an adequate capacity and ability to continue to make active markets, which also removes impediments to and perfects the mechanism of a free open market and a national market system, and, in general, protects investors and the public interest. Lastly, the Exchange believes it's equitable and not unfairly discriminatory to increase quoting bandwidth for Trading Permits with SPX/SPXW appointments as the number of series that need to be quoted in SPXW has increased due to the [[Page 22696]] migration of the trading symbol SPXPM to SPXW. B. Self-Regulatory Organization's Statement on Burden on Competition CBOE 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 Exchange does not believe that the proposed rule change will impose any burden on intramarket competition that is not necessary or appropriate in furtherance of the purposes of the Act because the proposed change applies to all Market- Makers with Market-Maker Trading Permits used for a SPX/SPXW appointment and is merely updating the Fees Schedule to accurately reflect an increase in quoting bandwidth. Also, while quoting bandwidth was increased only for Trading Permits with SPX/SPXW appointments, Market-Makers with these appointments now have an increased number of series they need to quote due to the migration of the SPXPM symbol to SPXW. The Exchange believes that the proposed rule change will not cause an unnecessary burden on intermarket competition because it only applies to trading on CBOE. To the extent that the proposed changes make CBOE a more attractive marketplace for market participants at other exchanges, such market participants are welcome to become CBOE market participants. C. Self-Regulatory Organization's Statement on Comments on the Proposed Rule Change Received From Members, Participants, or Others The Exchange neither solicited nor received comments on the proposed rule change. III. Date of Effectiveness of the Proposed Rule Change and Timing for Commission Action Because the foregoing proposed rule change does not: (i) Significantly affect the protection of investors or the public interest; (ii) impose any significant burden on competition; and (iii) become operative for 30 days from the date on which it was filed, or such shorter time as the Commission may designate, it has become effective pursuant to Section 19(b)(3)(A)(iii) of the Act \8\ and subparagraph (f)(6) Rule 19b-4 thereunder.\9\ --------------------------------------------------------------------------- \8\ 15 U.S.C. 78s(b)(3)(A). \9\ 17 CFR 240.19b-4(f)(6). In addition, Rule 19b-4(f)(6)(iii) requires the Exchange to give the Commission written notice of the Exchange's intent to file the proposed rule change, along with a brief description and text of the proposed rule change, at least five business days prior to the date of filing of the proposed rule change, or such shorter time as designated by the Commission. The Exchange has satisfied this requirement. --------------------------------------------------------------------------- A proposed rule change filed under Rule 19b-4(f)(6) \10\ normally does not become operative for 30 days after the date of 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 public interest. The Exchange has requested that the Commission waive the 30-day operative delay to allow it to immediately update the Market-Maker Trading Permit bandwidth allowance for Trading Permits with an SPX/SPXW appointment. As discussed above, as a result of the recent move of the SPXPM class into SPXW, Market-Makers with an appointment in SPX now have an obligation to quote more series. The Commission believes that waiver of the 30-day operative delay is consistent with the protection of investors and the public interest because the increased quoting bandwidth should help Market Makers with an SPX/SPXW appointment accommodate the increased number of series that they now need to quote and should help to accommodate, without undue delay, the maintenance of active quoted markets in SPX/SPXW, which should benefit of investors. Therefore, the Commission hereby waives the 30-day operative delay and designates the proposed rule change operative upon filing.\12\ --------------------------------------------------------------------------- \10\ 17 CFR 240.19b-4(f)(6). \11\ 17 CFR 240.19b-4(f)(6)(iii). \12\ For purposes only of waiving the 30-day operative delay, the Commission also has considered the proposed rule's impact on efficiency, competition, and capital formation. See 15 U.S.C. 78c(f). --------------------------------------------------------------------------- At any time within 60 days of the filing of the proposed rule change, the Commission summarily may temporarily suspend such rule change if it appears to the Commission that such action is necessary or appropriate in the public interest, for the protection of investors, or otherwise in furtherance of the purposes of the Act. If the Commission takes such action, the Commission will institute proceedings to determine whether the proposed rule change should be approved or disapproved. IV. Solicitation of Comments Interested persons are invited to submit written data, views, and arguments concerning the foregoing, including whether the proposed rule change is consistent with the Act. Comments may be submitted by any of the following methods: Electronic CommentsUse the Commission's Internet comment form (http://www.sec.gov/rules/sro.shtml); or Send an email to rule-comments@sec.gov. Please include File Number SR-CBOE-2017-036 on the subject line. Paper Comments Send paper comments in triplicate to Secretary, Securities and Exchange Commission, 100 F Street NE., Washington, DC 20549-1090. All submissions should refer to File Number SR-CBOE-2017-036. 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-CBOE-2017-036 and should be submitted on or before June 7, 2017. --------------------------------------------------------------------------- \13\ 17 CFR 200.30-3(a)(12). For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.\13\ Eduardo A. Aleman, Assistant Secretary. [FR Doc. 2017-09924 Filed 5-16-17; 8:45 am] BILLING CODE 8011-01-P
![22694 Federal Register / Vol. 82, No. 94 / Wednesday, May 17, 2017 / Notices
C. Self-Regulatory Organization’s data.17 Therefore, the Commission Copies of the submission, all
Statement on Comments on the hereby waives the 30-day operative subsequent amendments, all written
Proposed Rule Change Received From delay and designates the proposed rule statements with respect to the proposed
Members, Participants, or Others change to be operative on the date of rule change that are filed with the
No written comments were either filing.18 Commission, and all written
At any time within 60 days of the communications relating to the
solicited or received.
filing of the proposed rule change, the proposed rule change between the
III. Date of Effectiveness of the Commission summarily may Commission and any person, other than
Proposed Rule Change and Timing for temporarily suspend such rule change if those that may be withheld from the
Commission Action it appears to the Commission that such public in accordance with the
action is necessary or appropriate in the provisions of 5 U.S.C. 552, will be
Because the foregoing proposed rule
public interest, for the protection of available for Web site viewing and
change does not: (i) Significantly affect
investors, or otherwise in furtherance of printing in the Commission’s Public
the protection of investors or the public
the purposes of the Act. If the Reference Room, 100 F Street NE.,
interest; (ii) impose any significant
Commission takes such action, the Washington, DC 20549, on official
burden on competition; and (iii) become
Commission shall institute proceedings business days between the hours of
operative for 30 days from the date on
to determine whether the proposed rule 10:00 a.m. and 3:00 p.m. Copies of the
which it was filed, or such shorter time
should be approved or disapproved. filing also will be available for
as the Commission may designate, it has
IV. Solicitation of Comments inspection and copying at the principal
become effective pursuant to Section
office of the Exchange. All comments
19(b)(3)(A) of the Act 14 and Rule 19b– Interested persons are invited to received will be posted without change;
4(f)(6) thereunder.15 submit written data, views, and the Commission does not edit personal
A proposed rule change filed under arguments concerning the foregoing, identifying information from
Rule 19(b)–4(f)(6) normally does not including whether the proposed rule submissions. You should submit only
become operative prior to 30 days after change is consistent with the Act. information that you wish to make
the date of the filing. However, pursuant Comments may be submitted by any of available publicly. All submissions
to Rule 19b–4(f)(6)(iii), the Commission the following methods: should refer to File Number SR–
may designate a shorter time if such NASDAQ–2017–044 and should be
action is consistent with the protection Electronic Comments
submitted on or before June 7, 2017.
of investors and the public interest. The • Use the Commission’s Internet
Exchange has filed the proposed rule comment form (http://www.sec.gov/ For the Commission, by the Division of
Trading and Markets, pursuant to delegated
change for immediate effectiveness and rules/sro.shtml); or
authority.19
has requested that the Commission • Send an email to rule-comments@
sec.gov. Please include File Number SR– Eduardo A. Aleman,
waive the requirement that the proposed
rule change not become operative for 30 NASDAQ–2017–044 on the subject line. Assistant Secretary.
days after the date of the filing so that [FR Doc. 2017–09925 Filed 5–16–17; 8:45 am]
Paper Comments
it may become operative on the date of BILLING CODE 8011–01–P
filing. • Send paper comments in triplicate
The Exchange notes that the proposed to Brent J. Fields, Secretary, Securities
rule change is intended to mitigate and Exchange Commission, 100 F Street SECURITIES AND EXCHANGE
confidentiality concerns raised in NE., Washington, DC 20549–1090. COMMISSION
connection with Section VII(A) of the All submissions should refer to File [Release No. 34–80654; File No. SR–CBOE–
Plan, which provides that the data made Number SR–NASDAQ–2017–044. This 2017–036]
publicly available will not identify the file number should be included on the
Trading Center that generated the data. subject line if email is used. To help the Self-Regulatory Organizations;
The Exchange states that the additional Commission process and review your Chicago Board Options Exchange,
time would allow consideration of a comments more efficiently, please use Incorporated; Notice of Filing and
methodology to mitigate concerns only one method. The Commission will Immediate Effectiveness of a Proposed
related to the publication of Appendix post all comments on the Commission’s Rule Change Relating to Quoting
B data.16 Internet Web site (http://www.sec.gov/ Bandwidth Allowance
The Commission believes that rules/sro.shtml). May 11, 2017.
waiving the 30-day operative delay is Pursuant to Section 19(b)(1) of the
17 The Commission recently granted exemptive
consistent with the protection of Securities Exchange Act of 1934 (the
relief to the Participants to delay the publication of
investors and the public interest their Appendix B data until August 31, 2017. See ‘‘Act’’),1 and Rule 19b–4 thereunder,2
because it will synchronize the timing Letter from David S. Shillman, Associate Director, notice is hereby given that on April 28,
for publication of Appendix B data for Division of Trading and Markets, Commission, to 2017, Chicago Board Options Exchange,
all Participants, which should enhance Jennifer Piorko Mitchell, Vice President and Deputy
Corporate Secretary, FINRA, dated April 28, 2017.
Incorporated (the ‘‘Exchange’’ or
the consistency and usefulness of the The Commission notes that other Participants have ‘‘CBOE’’) filed with the Securities and
submitted proposed rule changes to delay the Exchange Commission (the
14 15 U.S.C. 78s(b)(3)(A). publication of Appendix B data until August 31, ‘‘Commission’’) the proposed rule
15 17 CFR 240.19b–4(f)(6). 2017. See e.g., SR–BatsBYX–2017–10; SR–
16 The Commission recently approved a FINRA BatsBZX–2017–31; SR–BatsEDGA–2017–10; SR–
change as described in Items I and II,
below, which Items have been prepared
nlaroche on DSK30NT082PROD with NOTICES
proposal to implement an aggregated, anonymous BatsEDGX–2017–19; SR–BX–2017–022; SR–CHX–
grouped masking methodology for the publication 2017–07; SR–FINRA–2017–010; SR–IEX–2017–12; by the Exchange. The Exchange filed the
of Appendix B data related to OTC trading activity. SR–Phlx–2017–33; SR–NYSE–2017–19; SR– proposal as a ‘‘non-controversial’’
See Securities Exchange Release No. 80551, (April NYSEArca–2017–49; SR–NYSEMKT–2017–24.
proposed rule change pursuant to
28, 2017), 82 FR 20948 (May 4, 2017). See also 18 For purposes only of waiving the operative
Letter from David S. Shillman, Associate Director, delay for this proposal, the Commission has
19 17 CFR 200.30–3(a)(12).
Division of Trading and Markets, Commission, to considered the proposed rule’s impact on
1 15 U.S.C. 78s(b)(1).
Marcia E. Asquith, Executive Vice President FINRA, efficiency, competition, and capital formation. See
dated April 28, 2017. 15 U.S.C. 78c(f). 2 17 CFR 240.19b–4.
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![22696 Federal Register / Vol. 82, No. 94 / Wednesday, May 17, 2017 / Notices
migration of the trading symbol SPXPM A proposed rule change filed under Electronic Comments
to SPXW. Rule 19b–4(f)(6) 10 normally does not
become operative for 30 days after the • Use the Commission’s Internet
B. Self-Regulatory Organization’s comment form (http://www.sec.gov/
Statement on Burden on Competition date of filing. However, Rule 19b–
4(f)(6)(iii) 11 permits the Commission to rules/sro.shtml); or
CBOE does not believe that the designate a shorter time if such action • Send an email to rule-comments@
proposed rule change will impose any is consistent with the protection of sec.gov. Please include File Number SR–
burden on competition that is not investors and the public interest. The CBOE–2017–036 on the subject line.
necessary or appropriate in furtherance Exchange has requested that the
of the purposes of the Act. The Commission waive the 30-day operative Paper Comments
Exchange does not believe that the delay to allow it to immediately update
proposed rule change will impose any • Send paper comments in triplicate
the Market-Maker Trading Permit to Secretary, Securities and Exchange
burden on intramarket competition that bandwidth allowance for Trading
is not necessary or appropriate in Commission, 100 F Street NE.,
Permits with an SPX/SPXW Washington, DC 20549–1090.
furtherance of the purposes of the Act appointment. As discussed above, as a
because the proposed change applies to result of the recent move of the SPXPM All submissions should refer to File
all Market-Makers with Market-Maker Number SR–CBOE–2017–036. This file
class into SPXW, Market-Makers with
Trading Permits used for a SPX/SPXW number should be included on the
an appointment in SPX now have an
appointment and is merely updating the subject line if email is used. To help the
obligation to quote more series. The
Fees Schedule to accurately reflect an Commission process and review your
Commission believes that waiver of the
increase in quoting bandwidth. Also,
30-day operative delay is consistent comments more efficiently, please use
while quoting bandwidth was increased
with the protection of investors and the only one method. The Commission will
only for Trading Permits with SPX/
SPXW appointments, Market-Makers public interest because the increased post all comments on the Commission’s
with these appointments now have an quoting bandwidth should help Market Internet Web site (http://www.sec.gov/
increased number of series they need to Makers with an SPX/SPXW rules/sro.shtml). Copies of the
quote due to the migration of the appointment accommodate the submission, all subsequent
SPXPM symbol to SPXW. The Exchange increased number of series that they amendments, all written statements
believes that the proposed rule change now need to quote and should help to with respect to the proposed rule
will not cause an unnecessary burden accommodate, without undue delay, the change that are filed with the
on intermarket competition because it maintenance of active quoted markets in Commission, and all written
only applies to trading on CBOE. To the SPX/SPXW, which should benefit of communications relating to the
extent that the proposed changes make investors. Therefore, the Commission proposed rule change between the
CBOE a more attractive marketplace for hereby waives the 30-day operative Commission and any person, other than
market participants at other exchanges, delay and designates the proposed rule those that may be withheld from the
such market participants are welcome to change operative upon filing.12 public in accordance with the
become CBOE market participants. At any time within 60 days of the provisions of 5 U.S.C. 552, will be
C. Self-Regulatory Organization’s filing of the proposed rule change, the available for Web site viewing and
Statement on Comments on the Commission summarily may printing in the Commission’s Public
Proposed Rule Change Received From temporarily suspend such rule change if Reference Room, 100 F Street NE.,
Members, Participants, or Others it appears to the Commission that such Washington, DC 20549 on official
action is necessary or appropriate in the business days between the hours of
The Exchange neither solicited nor public interest, for the protection of 10:00 a.m. and 3:00 p.m. Copies of the
received comments on the proposed investors, or otherwise in furtherance of filing also will be available for
rule change. the purposes of the Act. If the inspection and copying at the principal
III. Date of Effectiveness of the Commission takes such action, the office of the Exchange. All comments
Proposed Rule Change and Timing for Commission will institute proceedings received will be posted without change;
Commission Action to determine whether the proposed rule the Commission does not edit personal
change should be approved or identifying information from
Because the foregoing proposed rule disapproved.
change does not: (i) Significantly affect submissions. You should submit only
the protection of investors or the public IV. Solicitation of Comments information that you wish to make
interest; (ii) impose any significant available publicly. All submissions
burden on competition; and (iii) become Interested persons are invited to should refer to File Number SR–CBOE–
operative for 30 days from the date on submit written data, views, and 2017–036 and should be submitted on
which it was filed, or such shorter time arguments concerning the foregoing, or before June 7, 2017.
as the Commission may designate, it has including whether the proposed rule
change is consistent with the Act. For the Commission, by the Division of
become effective pursuant to Section Trading and Markets, pursuant to delegated
19(b)(3)(A)(iii) of the Act 8 and Comments may be submitted by any of
the following methods: authority.13
subparagraph (f)(6) Rule 19b–4
Eduardo A. Aleman,
thereunder.9
as designated by the Commission. The Exchange Assistant Secretary.
nlaroche on DSK30NT082PROD with NOTICES
8 15 U.S.C. 78s(b)(3)(A). has satisfied this requirement. [FR Doc. 2017–09924 Filed 5–16–17; 8:45 am]
9 17 CFR 240.19b–4(f)(6). In addition, Rule 19b– 10 17 CFR 240.19b–4(f)(6).
11 17 CFR 240.19b–4(f)(6)(iii).
BILLING CODE 8011–01–P
4(f)(6)(iii) requires the Exchange to give the
Commission written notice of the Exchange’s intent 12 For purposes only of waiving the 30-day
to file the proposed rule change, along with a brief operative delay, the Commission also has
description and text of the proposed rule change, considered the proposed rule’s impact on
at least five business days prior to the date of filing efficiency, competition, and capital formation. See
of the proposed rule change, or such shorter time 15 U.S.C. 78c(f). 13 17 CFR 200.30–3(a)(12).
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Document Created: 2017-05-17 01:42:14
Document Modified: 2017-05-17 01:42:14
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
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| Section | Notices | |
| FR Citation | 82 FR 22694 |
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