82 FR 27739 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Extend the Exchange's Authority To Grant Exemptions From the OATS Requirements
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 82, Issue 115 (June 16, 2017)
Federal Register Volume 82, Issue 115 (June 16, 2017)
| Page Range | 27739-27741 | |
| FR Document | 2017-12457 |
[Federal Register Volume 82, Number 115 (Friday, June 16, 2017)] [Notices] [Pages 27739-27741] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2017-12457] ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION [Release No. 34-80906; File No. SR-NYSE-2017-28] Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Extend the Exchange's Authority To Grant Exemptions From the OATS Requirements June 12, 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 June 2, 2017, New York Stock Exchange LLC (``NYSE'' or the ``Exchange'') 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 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. --------------------------------------------------------------------------- I. Self-Regulatory Organization's Statement of the Terms of Substance of the Proposed Rule Change The Exchange proposes to amend Rule 7470 (Exemption to the Order Recording and Data Transmission Requirements) to extend until November 15, 2019 the ability to exempt certain members from the recording and order data transmission requirements of Rules 7440 and 7450, respectively, for manual orders. The proposed rule change is available on the Exchange's Web site at www.nyse.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 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's Rule 7400 Series consists of NYSE Rules 7410 through 7470 and sets forth the recording and reporting requirements of the Order Audit Trail System (``OATS'') Rules. The OATS Rules require all Exchange member organizations and associated persons to record in electronic form and report to the Financial Industry Regulatory Authority, Inc. (``FINRA''), on a daily basis, certain information with respect to orders originated, received, transmitted, modified, canceled, or executed by members in all NMS stocks, as that term is defined in Rule 600(b)(47) of Regulation NMS,\3\ traded on the Exchange. This information is used by FINRA staff to conduct surveillance and investigations of member firms for violations of FINRA rules and federal securities laws. Rule 7470 provides the Exchange with the authority to exempt certain members from the recording and reporting requirements and from the recording and order data transmission requirements of Rules 7440 and 7450, respectively, for manual orders if such exemption is consistent with the protection of investors and the public interest, and the member organization [[Page 27740]] meets the criteria set forth in paragraph (a) of the Rule.\4\ --------------------------------------------------------------------------- \3\ 17 CFR 242.600(b)(47). \4\ The criteria are as follows: (1) The member organization and current control affiliates and associated persons have not been subject within the last five years to any final disciplinary action, and within the last ten years to any disciplinary action involving fraud; (2) the member organization has annual revenues of less than $2 million; (3) the member organization does not conduct any market making activities in NMS stocks; (4) the member organization does not execute principal transactions with its customers (with limited exception for principal transactions executed pursuant to error corrections); and (5) the member organization does not conduct clearing or carrying activities for other firms. --------------------------------------------------------------------------- Rule 7470 contains a sunset provision, which was July 10, 2015. In June 2015, FINRA filed a proposed rule change to extend the sunset provision until July 10, 2019.\5\ The Exchange proposes to amend Rule 7470 to extend the provision until November 15, 2019. The proposed change would correct an oversight in not filing when the sunset provision expired in 2015. --------------------------------------------------------------------------- \5\ See Securities Exchange Act Release No. 75160 (June 11, 2015), 80 FR 34727 (June 17, 2015) (SR-FINRA-2015-016). --------------------------------------------------------------------------- The Exchange believes it would be appropriate to extend the sunset provision in Rule 7470 to November 15, 2019 rather than the July 10, 2019 date in the FINRA Rule. At the time FINRA filed its proposed rule change, the National Market System Plan Governing the Consolidated Audit Trail (the ``CAT NMS Plan'') \6\ had not been approved by the Commission. The CAT NMS Plan was approved by the Commission, as modified, on November 15, 2016.\7\ On March 21, 2017, the Commission approved the Exchange's new Rule 6800 Series to implement provisions of the CAT NMS Plan that are applicable to Exchange member organizations.\8\ Rule 6895(c)(2) requires each Industry Member that is a Small Industry Member to record and report the Industry Member Data to the Central Repository by November 15, 2019. --------------------------------------------------------------------------- \6\ Unless otherwise specified, capitalized terms used in this rule filing are defined as set forth herein or in the CAT NMS Plan. \7\ Securities Exchange Act Release No. 79318 (November 15, 2016), 81 FR 84696 (November 23, 2016) (Order Approving the National Market System Plan Governing the Consolidated Audit Trail). \8\ See Securities Exchange Act Release No. 80256 (March 15, 2017), 82 FR 14526 (March 21, 2017) (SR-NYSE-2017-01) (Order Approving Proposed Rule Changes to Adopt Consolidated Audit Trail Compliance Rules). --------------------------------------------------------------------------- The Exchange believes that extending the sunset provision in Rule 7470 to the same date that all Small Industry Members must report to the CAT is appropriate and would permit such firms relying on the exemption to continue to do so provided they meet the criteria to qualify until that time. The Exchange is not proposing any substantive changes to the criteria necessary for firms to qualify for an exemption and notes that all of those member organizations currently reporting to OATS or relying on an exemption from OATS reporting will be reporting to the CAT by November 15, 2019.\9\ --------------------------------------------------------------------------- \9\ Rule 6895(c)(1) requires each Industry Member (other than a Small Industry Member) to record and report the Industry Member Data to the Central Repository by November 15, 2018. --------------------------------------------------------------------------- 2. Statutory Basis The Exchange believes that the proposed rule change is consistent with Section 6(b) of the Act,\10\ in general, and furthers the objectives of Section 6(b)(5) of the Act,\11\ in particular, because it is 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 facilitating transactions in securities, and 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. --------------------------------------------------------------------------- \10\ 15 U.S.C. 78f(b). \11\ 15 U.S.C. 78f(b)(5). --------------------------------------------------------------------------- In particular, the Exchange believes amending Rule 7470 to extend until November 15, 2019 the ability to exempt certain members from the recording and order data transmission requirements of Rules 7440 and 7450, respectively, for manual orders, is consistent with Section 6(b)(5) of the Act \12\ because it would enable the Exchange to exempt manual orders received by certain small firms from the OATS Rules and avoid imposing potentially unnecessary expense or hardship on those firms that qualify for the exemption as they transition to reporting order information to the CAT Central Repository. As noted, the proposed sunset provision is the same date that all Small Industry Members must report to the CAT. Further, the Exchange is not proposing any substantive changes to the criteria necessary for firms to qualify for an exemption, which will continue to ensure that only those firms with limited revenue, no recent final disciplinary actions, and limited business models will remain eligible for the exemption. The Exchange accordingly believes that the proposed rule change is consistent with the protection of investors and the public interest. --------------------------------------------------------------------------- \12\ 15 U.S.C. 78f(b)(5). --------------------------------------------------------------------------- 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, as noted above, would enable the Exchange to exempt manual orders received by certain small firms from the OATS reporting requirements through November 15, 2019, the same date that all Small Industry Members must report to the CAT, and thereby avoid imposing potentially unnecessary expense or hardship on those firms that qualify for the exemption as they transition to reporting order information to the CAT Central Repository. 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 The Exchange has filed the proposed rule change pursuant to Section 19(b)(3)(A)(iii) of the Act \13\ and Rule 19b-4(f)(6) thereunder.\14\ 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 prior to 30 days from the date on which it was filed, or such shorter time as the Commission may designate, if consistent with the protection of investors and the public interest, the proposed rule change has become effective pursuant to Section 19(b)(3)(A) of the Act and Rule 19b- 4(f)(6)(iii) thereunder.\15\ --------------------------------------------------------------------------- \13\ 15 U.S.C. 78s(b)(3)(A)(iii). \14\ 17 CFR 240.19b-4(f)(6). \15\ In addition, Rule 19b-4(f)(6)(iii) requires the Exchange to provide 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. The Exchange has complied with this requirement. --------------------------------------------------------------------------- The Exchange has asked the Commission to waive the 30-day operative delay so that the proposed rule change will become operative immediately upon filing. In support of its request, the Exchange stated that waiver of the operative delay would [[Page 27741]] continue to enable the Exchange to grant small firms exemptions from the OATS requirements as those firms are preparing to report information to the CAT Central Repository, thereby avoiding potentially unnecessary expense or hardship on firms that qualify for the exemption. The Commission believes that waiving the 30-day operative delay is consistent with the protection of investors and the public interest. Absent such action, a small firm that otherwise would qualify for an exemption would have to comply with the Exchange requirements to record and report manual orders to OATS because the Exchange would not have the authority to grant an exemption during the 30-day pre-operative period. The Commission agrees with the Exchange that waiving the 30-day operative delay would enable the Exchange, in appropriate cases, to prevent unnecessary expense being imposed on small firms. Therefore, the Commission hereby waives the operative delay and designates the proposed rule change operative upon filing.\16\ --------------------------------------------------------------------------- \16\ 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). --------------------------------------------------------------------------- At any time within 60 days of the filing of such 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 under Section 19(b)(2)(B) of the Act \17\ to determine whether the proposed rule change should be approved or disapproved. --------------------------------------------------------------------------- \17\ 15 U.S.C. 78s(b)(2)(B). --------------------------------------------------------------------------- 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-NYSE-2017-28 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-NYSE-2017-28. 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-NYSE-2017-28 and should be submitted on or before July 7, 2017. --------------------------------------------------------------------------- \18\ 17 CFR 200.30-3(a)(12). For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.\18\ Eduardo A. Aleman, Assistant Secretary. [FR Doc. 2017-12457 Filed 6-15-17; 8:45 am] BILLING CODE 8011-01-P
![Federal Register / Vol. 82, No. 115 / Friday, June 16, 2017 / Notices 27739
companies or other companies having approval is currently not available to the Recording and Data Transmission
outstanding but infrequently traded public from FINRA. Requirements) to extend until
securities. Subject to certain exceptions, An agency may not conduct or November 15, 2019 the ability to exempt
the Rule prohibits broker-dealers from sponsor, and a person is not required to certain members from the recording and
publishing a quotation for a security, or respond to, a collection of information order data transmission requirements of
submitting a quotation for publication, under the PRA unless it displays a Rules 7440 and 7450, respectively, for
in a quotation medium unless they have currently valid OMB control number. manual orders. The proposed rule
reviewed specified information The public may view background change is available on the Exchange’s
concerning the security and the issuer. documentation for this information Web site at www.nyse.com, at the
Based on information provided by collection at the following Web site, principal office of the Exchange, and at
Financial Industry Regulatory www.reginfo.gov. Comments should be the Commission’s Public Reference
Authority, Inc. (‘‘FINRA’’), in the 2016 directed to: (i) Desk Officer for the Room.
calendar year, FINRA received Securities and Exchange Commission,
approximately 461 applications from Office of Information and Regulatory II. Self-Regulatory Organization’s
broker-dealers to initiate or resume Affairs, Office of Management and Statement of the Purpose of, and
publication of quotes of covered OTC Budget, Room 10102, New Executive Statutory Basis for, the Proposed Rule
securities on the OTC Bulletin Board Office Building, Washington, DC 20503, Change
and/or OTC Link or other quotation or by sending an email to: Shagufta_ In its filing with the Commission, the
mediums. We estimate that (i) 195 of the Ahmed@omb.eop.gov; and (ii) Pamela self-regulatory organization included
covered OTC securities were issued by Dyson, Director/Chief Information statements concerning the purpose of,
reporting issuers, while the other 266 Officer, Securities and Exchange and basis for, the proposed rule change
were issued by non-reporting issuers, Commission, c/o Remi Pavlik-Simon, or and discussed any comments it received
and (ii) it will take a broker-dealer about by sending an email to: PRA_Mailbox@ on the proposed rule change. The text
4 hours to review, record and retain the sec.gov. Comments must be submitted to of those statements may be examined at
information pertaining to a reporting OMB within 30 days of this notice. the places specified in Item IV below.
issuer, and about 8 hours to review, Dated: June 13, 2017. The Exchange has prepared summaries,
record and retain the information Eduardo A. Aleman, set forth in sections A, B, and C below,
pertaining to a non-reporting issuer. Assistant Secretary. of the most significant parts of such
We therefore estimate that broker- statements.
[FR Doc. 2017–12536 Filed 6–15–17; 8:45 am]
dealers who initiate or resume
publication of quotations for covered BILLING CODE 8011–01–P A. Self-Regulatory Organization’s
OTC securities of reporting issuers will Statement of the Purpose of, and the
require 780 hours (195 × 4) to review, Statutory Basis for, the Proposed Rule
SECURITIES AND EXCHANGE Change
record and retain the information
COMMISSION
required by the Rule. We estimate that 1. Purpose
broker-dealers who initiate or resume [Release No. 34–80906; File No. SR–NYSE–
publication of quotations for covered 2017–28] The Exchange’s Rule 7400 Series
OTC securities of non-reporting issuers consists of NYSE Rules 7410 through
will require 2,128 hours (266 × 8) to Self-Regulatory Organizations; New 7470 and sets forth the recording and
review, record and retain the York Stock Exchange LLC; Notice of reporting requirements of the Order
information required by the Rule. Thus, Filing and Immediate Effectiveness of Audit Trail System (‘‘OATS’’) Rules.
we estimate the total annual burden Proposed Rule Change To Extend the The OATS Rules require all Exchange
hours for broker-dealers to initiate or Exchange’s Authority To Grant member organizations and associated
resume publication of quotations of Exemptions From the OATS persons to record in electronic form and
covered OTC securities to be 2908 hours Requirements report to the Financial Industry
(780 + 2,128). The Commission believes June 12, 2017. Regulatory Authority, Inc. (‘‘FINRA’’),
that the compliance costs for these 2,908 Pursuant to Section 19(b)(1) of the on a daily basis, certain information
hours would be borne by internal staff Securities Exchange Act of 1934 (the with respect to orders originated,
working at a rate of $57 per hour.1 ‘‘Act’’) 1 and Rule 19b–4 thereunder,2 received, transmitted, modified,
Subject to certain exceptions, the Rule notice is hereby given that on June 2, canceled, or executed by members in all
prohibits broker-dealers from publishing 2017, New York Stock Exchange LLC NMS stocks, as that term is defined in
a quotation for a security, or submitting (‘‘NYSE’’ or the ‘‘Exchange’’) filed with Rule 600(b)(47) of Regulation NMS,3
a quotation for publication, in a the Securities and Exchange traded on the Exchange. This
quotation medium unless they have Commission (the ‘‘Commission’’) the information is used by FINRA staff to
reviewed specified information proposed rule change as described in conduct surveillance and investigations
concerning the security and the issuer. Items I and II below, which Items have of member firms for violations of FINRA
The broker-dealer must also make the been prepared by the Exchange. The rules and federal securities laws. Rule
information reasonably available upon Commission is publishing this notice to 7470 provides the Exchange with the
request to any person expressing an solicit comments on the proposed rule authority to exempt certain members
interest in a proposed transaction in the change from interested persons. from the recording and reporting
security with such broker or dealer. The requirements and from the recording
I. Self-Regulatory Organization’s
sradovich on DSK3GMQ082PROD with NOTICES
collection of information that is and order data transmission
submitted to FINRA for review and Statement of the Terms of Substance of requirements of Rules 7440 and 7450,
the Proposed Rule Change respectively, for manual orders if such
1 $57 per hour figure for a General Clerk is from
The Exchange proposes to amend exemption is consistent with the
SIFMA’s Office Salaries in the Securities Industry protection of investors and the public
2013, modified by Commission staff to account for
Rule 7470 (Exemption to the Order
an 1800-hourwork-year and inflation, and interest, and the member organization
1 15 U.S.C. 78s(b)(1).
multiplied by 2.93 to account for bonuses, firm size,
employee benefits and overhead. 2 17 CFR 240.19b–4. 3 17 CFR 242.600(b)(47).
VerDate Sep<11>2014 17:12 Jun 15, 2017 Jkt 241001 PO 00000 Frm 00065 Fmt 4703 Sfmt 4703 E:\FR\FM\16JNN1.SGM 16JNN1](https://thefederalregister.org/doc/82_FR_27854/page/1.svg)
![Federal Register / Vol. 82, No. 115 / Friday, June 16, 2017 / Notices 27741
continue to enable the Exchange to grant Paper Comments SECURITIES AND EXCHANGE
small firms exemptions from the OATS COMMISSION
requirements as those firms are • Send paper comments in triplicate
preparing to report information to the to Secretary, Securities and Exchange
[Release No. 34–80907; File No. SR–
CAT Central Repository, thereby Commission, 100 F Street NE.,
BatsEDGX–2017–28]
avoiding potentially unnecessary Washington, DC 20549–1090.
expense or hardship on firms that All submissions should refer to File Self-Regulatory Organizations; Bats
qualify for the exemption. Number SR–NYSE–2017–28. This file EDGX Exchange, Inc.; Notice of Filing
The Commission believes that number should be included on the and Immediate Effectiveness of a
waiving the 30-day operative delay is subject line if email is used. To help the Proposed Rule Change to Rule 21.5 of
consistent with the protection of Commission process and review your Bats EDGX Exchange, Inc. To Extend
investors and the public interest. Absent comments more efficiently, please use Through December 31, 2017, the Penny
such action, a small firm that otherwise only one method. The Commission will Pilot Program in Options Classes in
would qualify for an exemption would post all comments on the Commission’s Certain Issues
have to comply with the Exchange Internet Web site (http://www.sec.gov/
requirements to record and report June 12, 2017.
rules/sro.shtml). Copies of the
manual orders to OATS because the Pursuant to Section 19(b)(1) of the
submission, all subsequent
Exchange would not have the authority Securities Exchange Act of 1934 (the
to grant an exemption during the 30-day amendments, all written statements
with respect to the proposed rule ‘‘Act’’),1 and Rule 19b–4 thereunder,2
pre-operative period. The Commission
change that are filed with the notice is hereby given that on June 7,
agrees with the Exchange that waiving
Commission, and all written 2017, Bats EDGX Exchange, Inc. (the
the 30-day operative delay would enable
the Exchange, in appropriate cases, to communications relating to the ‘‘Exchange’’ or ‘‘EDGX’’) filed with the
prevent unnecessary expense being proposed rule change between the Securities and Exchange Commission
imposed on small firms. Therefore, the Commission and any person, other than (‘‘Commission’’) the proposed rule
Commission hereby waives the those that may be withheld from the change as described in Items I and II
operative delay and designates the public in accordance with the below, which Items have been prepared
proposed rule change operative upon provisions of 5 U.S.C. 552, will be by the Exchange. The Exchange has
filing.16 available for Web site viewing and designated this proposal as a ‘‘non-
At any time within 60 days of the printing in the Commission’s Public controversial’’ proposed rule change
filing of such proposed rule change, the Reference Room, 100 F Street NE., pursuant to Section 19(b)(3)(A) of the
Commission summarily may Washington, DC 20549 on official Act 3 and Rule 19b–4(f)(6)(iii)
temporarily suspend such rule change if business days between the hours of thereunder,4 which renders it effective
it appears to the Commission that such 10:00 a.m. and 3:00 p.m. Copies of the upon filing with the Commission. The
action is necessary or appropriate in the filing also will be available for Commission is publishing this notice to
public interest, for the protection of inspection and copying at the principal solicit comments on the proposed rule
investors, or otherwise in furtherance of office of the Exchange. All comments change from interested persons.
the purposes of the Act. If the received will be posted without change; I. Self-Regulatory Organization’s
Commission takes such action, the the Commission does not edit personal Statement of the Terms of Substance of
Commission shall institute proceedings identifying information from
under Section 19(b)(2)(B) of the Act 17 to the Proposed Rule Change
submissions. You should submit only
determine whether the proposed rule information that you wish to make The Exchange filed a proposal to
change should be approved or available publicly. All submissions extend through December 31, 2017, the
disapproved. should refer to File Number SR–NYSE– Penny Pilot Program (‘‘Penny Pilot’’) in
IV. Solicitation of Comments 2017–28 and should be submitted on or options classes in certain issues (‘‘Pilot
before July 7,2017. Program’’) previously approved by the
Interested persons are invited to Commission.5
submit written data, views, and For the Commission, by the Division of
arguments concerning the foregoing, Trading and Markets, pursuant to delegated The text of the proposed rule change
including whether the proposed rule authority.18 is available at the Exchange’s Web site
change is consistent with the Act. Eduardo A. Aleman, at www.batstrading.com, at the
Comments may be submitted by any of Assistant Secretary. principal office of the Exchange, and at
the following methods: [FR Doc. 2017–12457 Filed 6–15–17; 8:45 am] the Commission’s Public Reference
BILLING CODE 8011–01–P
Room.
Electronic Comments
• Use the Commission’s Internet 1 15 U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
comment form (http://www.sec.gov/ 3 15 U.S.C. 78s(b)(3)(A).
rules/sro.shtml); or 4 17 CFR 240.19b–4(f)(6)(iii).
• Send an email to rule-comments@ 5 The rules of EDGX Options, including rules
sec.gov. Please include File Number SR– applicable to EDGX Options’ participation in the
sradovich on DSK3GMQ082PROD with NOTICES
NYSE–2017–28 on the subject line. Penny Pilot, were approved on August 7, 2015. See
Securities Exchange Act Release No. 75650 (August
7, 2015), 80 FR 48600 (August 13, 2015) (SR–
16 For purposes only of waiving the 30-day
EDGX–2015–18). EDGX Options commenced
operative delay, the Commission has also operations on November 2, 2015. The Penny Pilot
considered the proposed rule’s impact on was extended for EDGX Options through June 30,
efficiency, competition, and capital formation. See 2017. See Securities Exchange Act Release No.
15 U.S.C. 78c(f). 79222 (November 2, 2016), 81 FR 78673 (November
17 15 U.S.C. 78s(b)(2)(B). 18 17 CFR 200.30–3(a)(12). 8, 2016) (SR–BatsEDGX–2016–71)[sic].
VerDate Sep<11>2014 17:12 Jun 15, 2017 Jkt 241001 PO 00000 Frm 00067 Fmt 4703 Sfmt 4703 E:\FR\FM\16JNN1.SGM 16JNN1](https://thefederalregister.org/doc/82_FR_27854/page/3.svg)
Document Created: 2017-06-16 00:52:17
Document Modified: 2017-06-16 00:52:17
| 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 27739 |
2025 Federal Register | Disclaimer | Privacy Policy
USC | CFR | eCFR