82 FR 25029 - Sunshine Act Meeting

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 82, Issue 103 (May 31, 2017)

Page Range		25029-25030
FR Document		2017-11281

Federal Register, Volume 82 Issue 103 (Wednesday, May 31, 2017)

[Federal Register Volume 82, Number 103 (Wednesday, May 31, 2017)]
[Notices]
[Pages 25029-25030]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-11281]


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SECURITIES AND EXCHANGE COMMISSION


Sunshine Act Meeting

    Notice is hereby given, pursuant to the provisions of the 
Government in the Sunshine Act, Public Law 94-409, that the Securities 
and Exchange Commission will hold a closed meeting on Thursday, June 1, 
2017 at 2 p.m.
    Commissioners, Counsel to the Commissioners, the Secretary to the 
Commission, and recording secretaries will attend the closed meeting. 
Certain staff members who have an interest in the matters also may be 
present.
    The General Counsel of the Commission, or his designee, has 
certified that, in his opinion, one or more of the exemptions set forth 
in 5 U.S.C. 552b(c)(3), (5), (7), 9(B) and (10) and 17 CFR 
200.402(a)(3), (a)(5), (a)(7), (a)(9)(ii) and (a)(10), permit 
consideration of the scheduled matter at the closed meeting.
    Chairman Clayton, as duty officer, voted to consider the items 
listed for the closed meeting in closed session.
    The subject matter of the closed meeting will be:
    Institution and settlement of injunctive actions;
    Institution and settlement of administrative proceedings; and
    Other matters relating to enforcement proceedings.
    At times, changes in Commission priorities require alterations in 
the scheduling of meeting items.
    For further information and to ascertain what, if any, matters have 
been added, deleted or postponed; please contact Brent J. Fields from 
the Office of the Secretary at (202) 551-5400.


[[Page 25030]]


    Dated: May 25, 2017.
Brent J. Fields,
Secretary.
[FR Doc. 2017-11281 Filed 5-26-17; 11:15 am]
 BILLING CODE 8011-01-P

Federal Register / Vol. 82, No. 103 / Wednesday, May 31, 2017 / Notices 25029

impact of increment conventions on the as non-controversial under Section 10:00 a.m. and 3:00 p.m. Copies of the
liquidity and trading of the common 19(b)(3)(A) of the Act 16 and paragraph filing also will be available for
stock of small-capitalization companies. (f)(6) of Rule 19b–4 thereunder.17 inspection and copying at the principal
The Exchange believes that this At any time within 60 days of the office of the Exchange. All comments
proposal is consistent with the Act and filing of the proposed rule change, the received will be posted without change;
Section VII(A) of the Plan because it Commission summarily may the Commission does not edit personal
mitigates confidentiality concerns temporarily suspend such rule change if identifying information from
regarding the identity of certain OTC it appears to the Commission that such submissions. You should submit only
Trading Centers for which the Exchange action is necessary or appropriate in the information that you wish to make
is the DEA.13 public interest, for the protection of available publicly. All submissions
investors, or otherwise in furtherance of should refer to File Number SR–CHX–
B. Self-Regulatory Organization’s the purposes of the Act. If the 2017–10 and should be submitted on or
Statement on Burden on Competition Commission takes such action, the before June 21, 2017.
The Exchange does not believe that Commission shall institute proceedings For the Commission, by the Division of
the proposed rule change will result in under Section 19(b)(2)(B) of the Act to Trading and Markets, pursuant to delegated
any burden on competition that is not determine whether the proposed rule authority.18
necessary or appropriate in furtherance should be approved or disapproved. Eduardo A. Aleman,
of the purposes of the Act. The
IV. Solicitation of Comments Assistant Secretary.
Exchange notes that the proposed rule
Interested persons are invited to [FR Doc. 2017–11143 Filed 5–30–17; 8:45 am]
change implements the provisions of the
Plan. submit written data, views, and BILLING CODE 8011–01–P

arguments concerning the foregoing,
C. Self-Regulatory Organization’s including whether the proposed rule
Statement on Comments on the change is consistent with the Act. SECURITIES AND EXCHANGE
Proposed Rule Change Received From Comments may be submitted by any of COMMISSION
Members, Participants, or Others the following methods: Sunshine Act Meeting
No written comments were either
Electronic Comments
solicited or received. Notice is hereby given, pursuant to
• Use the Commission’s Internet the provisions of the Government in the
III. Date of Effectiveness of the comment form (http://www.sec.gov/ Sunshine Act, Public Law 94–409, that
Proposed Rule Change and Timing for rules/sro.shtml); or the Securities and Exchange
Commission Action • Send an email to rule-comments@ Commission will hold a closed meeting
The Exchange asserts that the sec.gov. Please include File Number SR– on Thursday, June 1, 2017 at 2 p.m.
proposed rule change: (1) Will not CHX–2017–10 on the subject line. Commissioners, Counsel to the
significantly affect the protection of Paper Comments Commissioners, the Secretary to the
investors or the public interest, (2) will Commission, and recording secretaries
not impose any significant burden on • Send paper comments in triplicate will attend the closed meeting. Certain
competition, and (3) and will not to Secretary, Securities and Exchange staff members who have an interest in
become operative for 30 days from the Commission, 100 F Street NE., the matters also may be present.
date on which it was filed, or such Washington, DC 20549–1090. The General Counsel of the
shorter time as the Commission may All submissions should refer to File Commission, or his designee, has
designate. In addition, the Exchange Number SR–CHX–2017–10. This file certified that, in his opinion, one or
provided the Commission with written number should be included on the more of the exemptions set forth in 5
notice of its intent to file the proposed subject line if email is used. To help the U.S.C. 552b(c)(3), (5), (7), 9(B) and (10)
rule change, along with a brief Commission process and review your and 17 CFR 200.402(a)(3), (a)(5), (a)(7),
description and text of the proposed comments more efficiently, please use (a)(9)(ii) and (a)(10), permit
rule change, at least five business days only one method. The Commission will consideration of the scheduled matter at
prior to the date of filing, or such post all comments on the Commission’s the closed meeting.
shorter time as designated by the Internet Web site (http://www.sec.gov/ Chairman Clayton, as duty officer,
Commission.14 rules/sro.shtml). Copies of the voted to consider the items listed for the
The Exchange believes that the submission, all subsequent closed meeting in closed session.
proposed rule change raises no novel amendments, all written statements The subject matter of the closed
issues. The Exchange notes that the with respect to the proposed rule meeting will be:
proposed rule change is intended to change that are filed with the Institution and settlement of
address the requirement in Section Commission, and all written injunctive actions;
VII(A) of the Plan that the data made communications relating to the Institution and settlement of
publicly available will not identify the proposed rule change between the administrative proceedings; and
Trading Center that generated the data, Commission and any person, other than Other matters relating to enforcement
as well as the confidentiality concerns those that may be withheld from the proceedings.
raised in connection with the public in accordance with the At times, changes in Commission
publication of Appendix B data.15 The provisions of 5 U.S.C. 552, will be priorities require alterations in the
Exchange also notes that the proposal available for Web site viewing and scheduling of meeting items.
nlaroche on DSK30NT082PROD with NOTICES

does not alter the information required printing in the Commission’s Public For further information and to
to be submitted to the SEC. As such, the Reference Room, 100 F Street NE., ascertain what, if any, matters have been
Exchange has designated this rule filing Washington, DC 20549 on official added, deleted or postponed; please
business days between the hours of contact Brent J. Fields from the Office of
13 See supra note 9. the Secretary at (202) 551–5400.
14 17 CFR 240.19b–4(f)(6)(iii). 16 15 U.S.C. 78s(b)(3)(A).
15 See supra note 9. 17 17 CFR 240.19b–4. 18 17 CFR 200.30–3(a)(12).

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25030 Federal Register / Vol. 82, No. 103 / Wednesday, May 31, 2017 / Notices

Dated: May 25, 2017. the most significant aspects of such request in a form prescribed by the
Brent J. Fields, statements. Exchange. The obligation to provide
Secretary. A. Self-Regulatory Organization’s order and position reports will be on the
[FR Doc. 2017–11281 Filed 5–26–17; 11:15 am] Statement of the Purpose of, and individual Market-Makers (as opposed
BILLING CODE 8011–01–P Statutory Basis for, the Proposed Rule to the clearing firms) and will only be
Change required on an as needed basis.
Previously, Market-Makers were
SECURITIES AND EXCHANGE 1. Purpose responsible for reporting order
COMMISSION CBOE Rule 8.9(b) currently provides information, when requested by the
that: Exchange, if the clearing firm did not
[Release No. 34–80760; File No. SR–CBOE– ‘‘In a manner prescribed by the report on an executed order.
2017–042] Exchange, with respect to transactions
The proposed rule is also eliminating
to be cleared into all accounts carried
Self-Regulatory Organizations; any requirement that either a Market-
for Market-Makers who are the subject
Chicago Board Options Exchange, of a clearing firm Letter of Guarantee Maker or clearing firm provide order or
Incorporated; Notice of Filing and issued pursuant to [CBOE] Rule 8.5, positon reports for securities traded on
Immediate Effectiveness of a Proposed each clearing firm shall, on the business the Exchange. The requirement to
Rule Change Relating to Market-Maker day following order entry date, report to provide order or position reports for
Reports of Executed Orders the Exchange every executed order securities traded on the Exchange has
entered by the Market-Maker for the been removed completely and this
May 24, 2017.
purchase or sale of (i) a security information will not be required even
Pursuant to Section 19(b)(1) of the
underlying options traded on the on an as needed basis pursuant to
Securities Exchange Act of 1934 (the
Exchange or (ii) a security convertible proposed Rule 8.9(b). ‘‘Securities traded
‘‘Act’’),1 and Rule 19b–4 thereunder,2
notice is hereby given that on May 15, into or exchangeable for such on the Exchange’’ was a reference to
2017, Chicago Board Options Exchange, underlying security or (iii) a security when non-options transactions were
Incorporated (the ‘‘Exchange’’ or traded on the Exchange (including, with traded on the CBOE. The CBOE deleted
‘‘CBOE’’) filed with the Securities and respect to multiply listed securities, its rules related to non-options
Exchange Commission (the orders sent to another exchange), as well transactions on the Exchange in 2008.4
‘‘Commission’’) the proposed rule as opening and closing positions in all Accordingly, the requirement to provide
change as described in Items I and II such securities held in each such order or position reports for securities
below, which Items have been prepared account. If the clearing firm does not traded on the Exchange is obsolete.
by the Exchange. The Commission is report any executed order, upon the
Finally, the proposed rule outlines the
publishing this notice to solicit request of the Exchange the Market-
form of the order reports to be provided
comments on the proposed rule change Maker who entered the order will be
by Market-Makers upon request. The
from interested persons. responsible for reporting the order
information.’’ proposed rule will require that the
I. Self-Regulatory Organization’s The Exchange is deleting this rule and reports pertaining to orders must
Statement of the Terms of Substance of replacing it with a rule substantially include the terms of each order,
the Proposed Rule Change similar to that of the International identification of the brokerage firms
Securities Exchange, LLC [sic] (‘‘ISE’’); through which the orders were entered,
The Exchange proposes to delete and the times of entry or cancellation, the
amend outdated rule language ISE Gemini, LLC [sic] (‘‘ISE Gemini’’);
BATS Options Market (‘‘BZX’’); BOX times reports of execution were received
contained in Rule 8.9(b) related to
Options Exchange, LLC (‘‘BOX’’); and, if all or part of the order was
Market-Maker reports of executed
NASDAQ Options Market (‘‘NOM’’); executed, the quantity and execution
orders. The text of the proposed rule
and NASDAQ OMX BX, Inc. (‘‘BX’’).3 price.
change is available on the Exchange’s
Web site (http://www.cboe.com/About The proposed rule change will result The Exchange believes current Rule
CBOE/CBOELegalRegulatory in some specific changes. First of all, 8.9(b) is outdated and operationally
Home.aspx), at the Exchange’s Office of Clearing Firms holding accounts for obsolete. The Exchange does not
the Secretary, and at the Commission’s Market-Makers subject to a clearing firm currently use the daily order and
Public Reference Room. letter of guarantee will no longer be position reports from clearing firms. The
required to submit daily reports of daily order and position reports from
II. Self-Regulatory Organization’s orders entered by those Market-Maker clearing firms are no longer needed to
Statement of the Purpose of, and accounts. In addition they will not be conduct any routine regulatory
Statutory Basis for, the Proposed Rule required to submit daily position surveillances or examinations or fulfill
Change reports. Instead, the proposed rule will
any other of the Exchange’s regulatory
In its filing with the Commission, the provide that orders, entered by Market-
obligations. Any regulatory surveillance
Exchange included statements Makers for the purchase of (i) a security
or examination that previously used the
concerning the purpose of and basis for underlying options traded on the
daily order and position reports can be
the proposed rule change and discussed Exchange, or (ii) a security convertible
operated without the information due to
any comments it received on the into or exchangeable for such
underlying security, as well as opening the development of effective
proposed rule change. The text of these workarounds. As such, the rule, as
nlaroche on DSK30NT082PROD with NOTICES

statements may be examined at the and closing positions in all such
securities shall be provided to the currently written, presents an undue
places specified in Item IV below. The burden on clearing firms and Market-
Exchange has prepared summaries, set Exchange by Market-Makers upon
Makers.
forth in sections A, B, and C below, of 3 See ISE Rule 807(b); ISE Gemini Rule 807(b);

BZX Rule 22.7(b); BOX Rule 8060(b), NOM Rules 4 See Securities Exchange Act Release No. 58771
1 15 U.S.C. 78s(b)(1). Chapter 7, Section 7(b); BX Rules Chapter 7, Section (October 10, 2008), 73 FR 62350 (October 20, 2008)
2 17 CFR 240.19b–4. 7(b). (SR–CBOE–2008–101).

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Document Created: 2017-05-31 05:59:38
Document Modified: 2017-05-31 05:59:38

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 25029