82 FR 28718 - Self-Regulatory Organizations; BOX Options Exchange LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Fee Schedule To Make Several Non-Substantive Changes

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 82, Issue 120 (June 23, 2017)

Page Range		28718-28719
FR Document		2017-13100
Federal Register, Volume 82 Issue 120 (Friday, June 23, 2017)
[Federal Register Volume 82, Number 120 (Friday, June 23, 2017)]
[Notices]
[Pages 28718-28719]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-13100]


-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-80969; File No. SR-BOX-2017-21]


Self-Regulatory Organizations; BOX Options Exchange LLC; Notice 
of Filing and Immediate Effectiveness of a Proposed Rule Change To 
Amend the Fee Schedule To Make Several Non-Substantive Changes

June 19, 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 June 7, 2017, BOX Options Exchange LLC (the ``Exchange'') filed with 
the Securities and Exchange Commission (``Commission'') the proposed 
rule change as described in Items I and II below, which Items have been 
prepared by the self-regulatory organization. The Commission is 
publishing this notice to solicit comments on the proposed rule 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 the Fee Schedule to make several 
non-substantive changes. The text of the proposed rule change is 
available from the principal office of the Exchange, at the 
Commission's Public Reference Room and also on the Exchange's Internet 
Web site at http://boxexchange.com.

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 these statements may be examined at 
the places specified in Item IV below. The self-regulatory organization 
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 make certain clarifying and non-
substantive changes to its fee schedule in order to improve formatting 
and increase overall readability. The Exchange notes that these changes 
are purely clerical and do not substantively amend any fee or rebate, 
nor do they alter the manner in which the Exchange assesses fees or 
calculates rebates. The proposed changes are simply intended to 
increase overall readability and improve formatting. Specifically, the 
Exchange proposes to add a title page and table of contents page to the 
fee schedule.
2. Statutory Basis
    The Exchange believes that the proposal is consistent with the 
requirements of Section 6(b) of the Act,\3\ in general, and Section 
6(b)(5) of the Act,\4\ in particular, in that the proposed change is 
designed to promote just and equitable principles of trade, remove 
impediments to and perfect the mechanism of a free and open market and 
a national market system, and, in general protect investors and the 
public interest, by increasing the readability of BOX's Fee Schedule. 
Further, the Exchange notes that the proposed changes do not 
substantively amend any fee or rebate, nor do they alter the manner in 
which the Exchange assesses fees or calculates rebates. Finally, the 
Exchange believes that the proposed changes will make the fee schedule 
clearer and eliminate investor confusion, thereby removing impediments 
to and perfecting the mechanism of a free and open market and a 
national market system, and, in general, protecting investors and the 
public interest. As such, BOX believes the proposed rule change is in 
the public interest, and therefore, consistent with the Act.
---------------------------------------------------------------------------

    \3\ 15 U.S.C. 78f(b).
    \4\ 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 not necessary or appropriate in 
furtherance of the purposes of the Act. The Exchange believes that the 
proposed change will not impose a burden on competition, as the changes 
are purely clerical and do not amend any fee or rebate within the BOX 
Fee Schedule.

C. Self-Regulatory Organization's Statement on Comments on the Proposed 
Rule Change Received From Members, Participants, or Others

    The Exchange has 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 proposed rule change does not (i) significantly affect 
the protection of investors or the public interest; (ii) impose any 
significant burden on competition; and (iii) become operative for 30 
days from the date on which it was filed, or such shorter time as the 
Commission may designate, it has become effective pursuant to Section 
19(b)(3)(A) of the Act \5\ and Rule 19b-4(f)(6) thereunder.\6\
---------------------------------------------------------------------------

    \5\ 15 U.S.C. 78s(b)(3)(A).
    \6\ 17 CFR 240.19b-4(f)(6). As required under Rule 19b-
4(f)(6)(iii), the Exchange provided the Commission with written 
notice of its intent to file the proposed rule change, along with a 
brief description and the text of the proposed rule change, at least 
five business days prior to the date of filing of the proposed rule 
change, or such shorter time as designated by the Commission.
---------------------------------------------------------------------------

    A proposed rule change filed pursuant to Rule 19b-4(f)(6) under the 
Act \7\ normally does not become operative for 30 days after the date 
of its filing. However, Rule 19b-4(f)(6)(iii) \8\ 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 asked the Commission to waive the 30-day operative delay so that 
the proposal may become operative immediately upon filing, which the 
Exchange states would immediately add clarity to the Fee Schedule. The 
Commission notes that the proposed rule change merely adopts a table of 
contents and makes formatting changes that are designed to increase 
overall readability of the fee schedule

[[Page 28719]]

and thus believes the waiver of the operative delay is consistent with 
the protection of investors and the public interest. Therefore, the 
Commission hereby waives the operative delay and designates the 
proposal operative upon filing.\9\
---------------------------------------------------------------------------

    \7\ 17 CFR 240.19b-4(f)(6).
    \8\ 17 CFR 240.19b-4(f)(6)(iii).
    \9\ 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 the proposed rule 
change, the Commission summarily may temporarily suspend such rule 
change if it appears to the Commission that such action is necessary or 
appropriate in the public interest, for the protection of investors, or 
otherwise in furtherance of the purposes of the Act. If the Commission 
takes such action, the Commission shall institute proceedings to 
determine whether the proposed rule 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 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-BOX-2017-21 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-BOX-2017-21. 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, on official 
business days between the hours of 10:00 a.m. and 3:00 p.m., located at 
100 F Street NE., Washington, DC 20549. Copies of such filing also will 
be available for inspection and copying at the principal office of the 
Exchange. All comments received will be posted without change; the 
Commission does not edit personal identifying information from 
submissions. You should submit only information that you wish to make 
available publicly. All submissions should refer to File Number SR-BOX-
2017-21 and should be submitted on or before July 14, 2017.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\10\
---------------------------------------------------------------------------

    \10\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------

Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017-13100 Filed 6-22-17; 8:45 am]
BILLING CODE 8011-01-P
28718 Federal Register / Vol. 82, No. 120 / Friday, June 23, 2017 / Notices

10:00 a.m. and 3:00 p.m. Copies of the II. Self-Regulatory Organization’s public interest. As such, BOX believes
filing also will be available for Statement of the Purpose of, and the proposed rule change is in the
inspection and copying at the principal Statutory Basis for, the Proposed Rule public interest, and therefore, consistent
office of the Exchange. All comments Change with the Act.
received will be posted without change; In its filing with the Commission, the B. Self-Regulatory Organization’s
the Commission does not edit personal self-regulatory organization included Statement on Burden on Competition
identifying information from statements concerning the purpose of,
submissions. You should submit only The Exchange does not believe that
and basis for, the proposed rule change
information that you wish to make the proposed rule change will impose
and discussed any comments it received
available publicly. All submissions any burden on competition not
on the proposed rule change. The text
should refer to File Number SR–MRX– necessary or appropriate in furtherance
of these statements may be examined at
2017–07 and should be submitted on or of the purposes of the Act. The
the places specified in Item IV below. Exchange believes that the proposed
before July 14, 2017. The self-regulatory organization has change will not impose a burden on
For the Commission, by the Division of prepared summaries, set forth in competition, as the changes are purely
Trading and Markets, pursuant to delegated Sections A, B, and C below, of the most clerical and do not amend any fee or
authority.11 significant aspects of such statements. rebate within the BOX Fee Schedule.
Eduardo A. Aleman, A. Self-Regulatory Organization’s C. Self-Regulatory Organization’s
Assistant Secretary. Statement of the Purpose of, and Statement on Comments on the
[FR Doc. 2017–13096 Filed 6–22–17; 8:45 am] Statutory Basis for, the Proposed Rule Proposed Rule Change Received From
BILLING CODE 8011–01–P Change Members, Participants, or Others
1. Purpose The Exchange has neither solicited
SECURITIES AND EXCHANGE The Exchange proposes to make nor received comments on the proposed
COMMISSION certain clarifying and non-substantive rule change.
changes to its fee schedule in order to III. Date of Effectiveness of the
improve formatting and increase overall Proposed Rule Change and Timing for
[Release No. 34–80969; File No. SR–BOX–
readability. The Exchange notes that Commission Action
2017–21]
these changes are purely clerical and do
not substantively amend any fee or Because the proposed rule change
Self-Regulatory Organizations; BOX does not (i) significantly affect the
Options Exchange LLC; Notice of rebate, nor do they alter the manner in
which the Exchange assesses fees or protection of investors or the public
Filing and Immediate Effectiveness of interest; (ii) impose any significant
a Proposed Rule Change To Amend calculates rebates. The proposed
changes are simply intended to increase burden on competition; and (iii) become
the Fee Schedule To Make Several operative for 30 days from the date on
Non-Substantive Changes overall readability and improve
formatting. Specifically, the Exchange which it was filed, or such shorter time
proposes to add a title page and table of as the Commission may designate, it has
June 19, 2017.
contents page to the fee schedule. become effective pursuant to Section
Pursuant to Section 19(b)(1) of the 19(b)(3)(A) of the Act 5 and Rule 19b–
Securities Exchange Act of 1934 2. Statutory Basis 4(f)(6) thereunder.6
(‘‘Act’’),1 and Rule 19b–4 thereunder,2 The Exchange believes that the A proposed rule change filed
notice is hereby given that on June 7, proposal is consistent with the pursuant to Rule 19b–4(f)(6) under the
2017, BOX Options Exchange LLC (the requirements of Section 6(b) of the Act,3 Act 7 normally does not become
‘‘Exchange’’) filed with the Securities in general, and Section 6(b)(5) of the operative for 30 days after the date of its
and Exchange Commission Act,4 in particular, in that the proposed filing. However, Rule 19b–4(f)(6)(iii) 8
(‘‘Commission’’) the proposed rule change is designed to promote just and permits the Commission to designate a
change as described in Items I and II equitable principles of trade, remove shorter time if such action is consistent
below, which Items have been prepared impediments to and perfect the with the protection of investors and the
by the self-regulatory organization. The mechanism of a free and open market public interest. The Exchange has asked
Commission is publishing this notice to and a national market system, and, in the Commission to waive the 30-day
solicit comments on the proposed rule general protect investors and the public operative delay so that the proposal may
from interested persons. interest, by increasing the readability of become operative immediately upon
BOX’s Fee Schedule. Further, the filing, which the Exchange states would
I. Self-Regulatory Organization’s immediately add clarity to the Fee
Statement of the Terms of Substance of Exchange notes that the proposed
changes do not substantively amend any Schedule. The Commission notes that
the Proposed Rule Change the proposed rule change merely adopts
fee or rebate, nor do they alter the
The Exchange proposes to amend the manner in which the Exchange assesses a table of contents and makes formatting
Fee Schedule to make several non- fees or calculates rebates. Finally, the changes that are designed to increase
substantive changes. The text of the Exchange believes that the proposed overall readability of the fee schedule
proposed rule change is available from changes will make the fee schedule 5 15 U.S.C. 78s(b)(3)(A).
asabaliauskas on DSKBBXCHB2PROD with NOTICES

the principal office of the Exchange, at clearer and eliminate investor 6 17 CFR 240.19b–4(f)(6). As required under Rule
the Commission’s Public Reference confusion, thereby removing 19b–4(f)(6)(iii), the Exchange provided the
Room and also on the Exchange’s impediments to and perfecting the Commission with written notice of its intent to file
Internet Web site at http:// mechanism of a free and open market the proposed rule change, along with a brief
boxexchange.com. description and the text of the proposed rule
and a national market system, and, in change, at least five business days prior to the date
general, protecting investors and the of filing of the proposed rule change, or such
11 17 CFR 200.30–3(a)(12). shorter time as designated by the Commission.
1 15 U.S.C. 78s(b)(1). 3 15 U.S.C. 78f(b). 7 17 CFR 240.19b–4(f)(6).
2 17 CFR 240.19b–4. 4 15 U.S.C. 78f(b)(5). 8 17 CFR 240.19b–4(f)(6)(iii).

VerDate Sep<11>2014 19:21 Jun 22, 2017 Jkt 241001 PO 00000 Frm 00101 Fmt 4703 Sfmt 4703 E:\FR\FM\23JNN1.SGM 23JNN1
Federal Register / Vol. 82, No. 120 / Friday, June 23, 2017 / Notices 28719

and thus believes the waiver of the provisions of 5 U.S.C. 552, will be The text of the proposed rule change
operative delay is consistent with the available for Web site viewing and is available on the Exchange’s Web site
protection of investors and the public printing in the Commission’s Public at http://nasdaqphlx.cchwallstreet
interest. Therefore, the Commission Reference Room, on official business .com/, at the principal office of the
hereby waives the operative delay and days between the hours of 10:00 a.m. Exchange, and at the Commission’s
designates the proposal operative upon and 3:00 p.m., located at 100 F Street Public Reference Room.
filing.9 NE., Washington, DC 20549. Copies of
At any time within 60 days of the II. Self-Regulatory Organization’s
such filing also will be available for
filing of the proposed rule change, the Statement of the Purpose of, and
inspection and copying at the principal
Commission summarily may Statutory Basis for, the Proposed Rule
office of the Exchange. All comments
temporarily suspend such rule change if Change
received will be posted without change;
it appears to the Commission that such the Commission does not edit personal In its filing with the Commission, the
action is necessary or appropriate in the identifying information from Exchange included statements
public interest, for the protection of submissions. You should submit only concerning the purpose of and basis for
investors, or otherwise in furtherance of information that you wish to make the proposed rule change and discussed
the purposes of the Act. If the available publicly. All submissions any comments it received on the
Commission takes such action, the should refer to File Number SR–BOX– proposed rule change. The text of these
Commission shall institute proceedings 2017–21 and should be submitted on or statements may be examined at the
to determine whether the proposed rule before July 14, 2017. places specified in Item IV below. The
change should be approved or Exchange has prepared summaries, set
For the Commission, by the Division of
disapproved. Trading and Markets, pursuant to delegated forth in sections A, B, and C below, of
IV. Solicitation of Comments authority.10 the most significant aspects of such
Eduardo A. Aleman, statements.
Interested persons are invited to
submit written data, views and Assistant Secretary. A. Self-Regulatory Organization’s
arguments concerning the foregoing, [FR Doc. 2017–13100 Filed 6–22–17; 8:45 am] Statement of the Purpose of, and
including whether the proposed rule BILLING CODE 8011–01–P Statutory Basis for, the Proposed Rule
change is consistent with the Act. Change
Comments may be submitted by any of 1. Purpose
the following methods: SECURITIES AND EXCHANGE
COMMISSION Bats BYX Exchange, Inc., Bats BZX
Electronic Comments Exchange, Inc., Bats EDGA Exchange,
[Release No. 34–80967; File No. SR–PHLX–
• Use the Commission’s Internet 2017–47] Inc., Bats EDGX Exchange, Inc., BOX
comment form (http://www.sec.gov/ Options Exchange LLC, C2 Options
rules/sro.shtml); or Self-Regulatory Organizations; Exchange, Incorporated, Chicago Board
• Send an email to rule-comments@ NASDAQ PHLX LLC; Notice of Filing of Options Exchange, Incorporated,
sec.gov. Please include File Number SR– a Proposed Rule Change To Adopt Chicago Stock Exchange, Inc., Financial
BOX–2017–21 on the subject line. Rule 996A Industry Regulatory Authority, Inc.
Paper Comments (‘‘FINRA’’), Investors’ Exchange LLC,
June 19, 2017. Miami International Securities
• Send paper comments in triplicate Pursuant to Section 19(b)(1) of the Exchange, LLC, MIAX PEARL, LLC,
to Secretary, Securities and Exchange Securities Exchange Act of 1934 (‘‘Act’’ NASDAQ BX, Inc., Nasdaq GEMX, LLC,
Commission, 100 F Street NE., or ‘‘Exchange Act’’),1 and Rule 19b–4 Nasdaq ISE, LLC, Nasdaq MRX, LLC,4
Washington, DC 20549–1090. thereunder,2 notice is hereby given that NASDAQ PHLX LLC, The NASDAQ
All submissions should refer to File on June 8, 2017, NASDAQ PHLX LLC Stock Market LLC, New York Stock
Number SR–BOX–2017–21. This file (‘‘Phlx’’ or ‘‘Exchange’’) filed with the Exchange LLC, NYSE MKT LLC, NYSE
number should be included on the Securities and Exchange Commission Arca, Inc. and NYSE National, Inc.5
subject line if email is used. To help the (‘‘SEC’’ or ‘‘Commission’’) the proposed (collectively, the ‘‘Participants’’) filed
Commission process and review your rule change as described in Items I and with the Commission, pursuant to
comments more efficiently, please use II, below, which Items have been Section 11A of the Exchange Act 6 and
only one method. The Commission will prepared by the Exchange. The Rule 608 of Regulation NMS
post all comments on the Commission’s Commission is publishing this notice to thereunder,7 the National Market
Internet Web site (http://www.sec.gov/ solicit comments on the proposed rule
rules/sro.shtml). Copies of the change from interested persons. herein, or in the Consolidated Audit Trail Funding
submission, all subsequent I. Self-Regulatory Organization’s Fees Rule, the CAT Compliance Rule Series or in
amendments, all written statements Statement of the Terms of Substance of
the CAT NMS Plan.
4 ISE Gemini, LLC, ISE Mercury, LLC and
with respect to the proposed rule the Proposed Rule Change International Securities Exchange, LLC have been
change that are filed with the renamed Nasdaq GEMX, LLC, Nasdaq MRX, LLC,
Commission, and all written The Exchange proposes to proposal to
and Nasdaq ISE, LLC, respectively. See Securities
communications relating to the adopt Rule 996A (Consolidated Audit Exchange Act Release No. 80248 (March 15, 2017),
proposed rule change between the Trail—Fee Dispute Resolution) to 82 FR 14547 (March 21, 2017); Securities Exchange
asabaliauskas on DSKBBXCHB2PROD with NOTICES

Commission and any person, other than establish the procedures for resolving Act Release No. 80326 (March 29, 2017), 82 FR
potential disputes related to CAT Fees 16460 (April 4, 2017); and Securities Exchange Act
those that may be withheld from the Release No. 80325 (March 29, 2017), 82 FR 16445
public in accordance with the charged to Industry Members.3 (April 4, 2017).
5 National Stock Exchange, Inc. has been renamed
10 17 CFR 200.30–3(a)(12).
9 For purposes only of waiving the 30-day NYSE National, Inc. See Securities Exchange Act
1 15 U.S.C. 78s(b)(1). Release No. 79902 (January 30, 2017), 82 FR 9258
operative delay, the Commission has also
considered the proposed rule’s impact on 2 17 CFR 240.19b–4. (February 3, 2017).
6 15 U.S.C. 78k–1.
efficiency, competition, and capital formation. See 3 Unless otherwise specified, capitalized terms

15 U.S.C. 78c(f). used in this rule filing are defined as set forth 7 17 CFR 242.608.

VerDate Sep<11>2014 19:21 Jun 22, 2017 Jkt 241001 PO 00000 Frm 00102 Fmt 4703 Sfmt 4703 E:\FR\FM\23JNN1.SGM 23JNN1
Document Created: 2017-06-23 03:37:40
Document Modified: 2017-06-23 03:37:40
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 28718