82_FR_32726 82 FR 32592 - Self-Regulatory Organizations; NYSE MKT LLC; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Adopt Rule 6900 To Establish the Procedures for Resolving Potential Disputes Related to CAT Fees Charged to Industry Members

82 FR 32592 - Self-Regulatory Organizations; NYSE MKT LLC; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Adopt Rule 6900 To Establish the Procedures for Resolving Potential Disputes Related to CAT Fees Charged to Industry Members

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 82, Issue 134 (July 14, 2017)

Page Range32592-32592
FR Document2017-14776

Federal Register, Volume 82 Issue 134 (Friday, July 14, 2017) 
[Federal Register Volume 82, Number 134 (Friday, July 14, 2017)]
[Notices]
[Page 32592]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-14776]



[[Page 32592]]

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

SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-81112; File No. SR-NYSEMKT-2017-31]


Self-Regulatory Organizations; NYSE MKT LLC; Notice of 
Designation of a Longer Period for Commission Action on a Proposed Rule 
Change To Adopt Rule 6900 To Establish the Procedures for Resolving 
Potential Disputes Related to CAT Fees Charged to Industry Members

July 10, 2017.
    On May 16, 2017, NYSE MKT LLC. (``NYSE MKT'' or the ``Exchange'') 
filed with the Securities and Exchange Commission (``Commission''), 
pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 
(``Act'' or ``Exchange Act'') \1\ and Rule 19b-4 thereunder,\2\ a 
proposed rule change to adopt Rule 6900 (Consolidated Audit Trail--Fee 
Dispute Resolutions). The proposed rule change was published for 
comment in the Federal Register on June 1, 2017.\3\ The Commission 
received no comment letters on the proposed rule change.
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ Securities Exchange Act Release No. 80782 (May 26, 2017), 82 
FR 25379 (``Notice'').
---------------------------------------------------------------------------

    Section 19(b)(2) of the Act \4\ provides that, within 45 days of 
the publication of notice of the filing of a proposed rule change, or 
within such longer period up to 90 days as the Commission may designate 
if it finds such longer period to be appropriate and publishes its 
reasons for so finding or as to which the self-regulatory organization 
consents, the Commission shall either approve the proposed rule change, 
disapprove the proposed rule change, or institute proceedings to 
determine whether the proposed rule change should be disapproved. The 
Commission is extending this 45-day time period.
---------------------------------------------------------------------------

    \4\ 15 U.S.C. 78s(b)(2).
---------------------------------------------------------------------------

    The Commission finds that it is appropriate to designate a longer 
period within which to take action on the proposed rule change so that 
it has sufficient time to consider the proposed rule change. The 
proposed rule change would establish the procedures for resolving 
potential disputes related to CAT Fees charged to Industry Members.
    Accordingly, the Commission, pursuant to Section 19(b)(2) of the 
Act,\5\ designates August 30, 2017, as the date by which the Commission 
should either approve or disapprove or institute proceedings to 
determine whether to disapprove the proposed rule change (File Number 
SR-NYSEMKT-2017-31).
---------------------------------------------------------------------------

    \5\ 15 U.S.C. 78s(b)(2).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\6\
Jill M. Peterson,
Assistant Secretary.
---------------------------------------------------------------------------

    \6\ 17 CFR 200.30-3(a)(31).
---------------------------------------------------------------------------

[FR Doc. 2017-14776 Filed 7-13-17; 8:45 am]
 BILLING CODE 8011-01-P

32592 Federal Register / Vol. 82, No. 134 / Friday, July 14, 2017 / Notices SECURITIES AND EXCHANGE disapprove the proposed rule change the most significant aspects of such COMMISSION (File Number SR–NYSEMKT–2017–31). statements. For the Commission, by the Division of A. Self-Regulatory Organization’s [Release No. 34–81112; File No. SR– Trading and Markets, pursuant to delegated Statement of the Purpose of, and NYSEMKT–2017–31] authority.6 Statutory Basis for, the Proposed Rule Jill M. Peterson, Change Self-Regulatory Organizations; NYSE Assistant Secretary. MKT LLC; Notice of Designation of a [FR Doc. 2017–14776 Filed 7–13–17; 8:45 am] 1. Purpose Longer Period for Commission Action BILLING CODE 8011–01–P The purpose of the proposed rule on a Proposed Rule Change To Adopt change is to amend the Schedule of Fees Rule 6900 To Establish the Procedures to make changes to the Priority for Resolving Potential Disputes SECURITIES AND EXCHANGE Customer 3 taker fees for regular orders Related to CAT Fees Charged to COMMISSION in Select Symbols,4 as described in Industry Members more detail below. [Release No. 34–81108; File No. SR–ISE– 2017–65] Currently, the Exchange charges a July 10, 2017. taker fee for regular orders in Select On May 16, 2017, NYSE MKT LLC. Symbols that is $0.44 per contract for (‘‘NYSE MKT’’ or the ‘‘Exchange’’) filed Self-Regulatory Organizations; Nasdaq ISE, LLC; Notice of Filing and Market Maker 5 orders, $0.45 per with the Securities and Exchange contract for Non-Nasdaq ISE Market Commission (‘‘Commission’’), pursuant Immediate Effectiveness of Proposed Rule Change To Amend Priority Maker,6 Firm Proprietary,7 Broker- to Section 19(b)(1) of the Securities Dealer,8 and Professional Customer 9 Exchange Act of 1934 (‘‘Act’’ or Customer Taker Fees for Regular Orders in Select Symbols orders, and $0.40 per contract for ‘‘Exchange Act’’) 1 and Rule 19b–4 Priority Customer orders. In addition, thereunder,2 a proposed rule change to July 10, 2017. the Exchange charges a reduced Priority adopt Rule 6900 (Consolidated Audit Pursuant to Section 19(b)(1) of the Customer taker fee of $0.35 per contract Trail—Fee Dispute Resolutions). The Securities Exchange Act of 1934 for regular orders in SPY, which is the proposed rule change was published for (‘‘Act’’),1 and Rule 19b–4 thereunder,2 most actively traded name on the comment in the Federal Register on notice is hereby given that on June 30, Exchange. June 1, 2017.3 The Commission received 2017, Nasdaq ISE, LLC (‘‘ISE’’ or The Exchange now proposes to no comment letters on the proposed rule ‘‘Exchange’’) filed with the Securities further reduce the Priority Customer change. and Exchange Commission taker fee for regular orders in SPY from Section 19(b)(2) of the Act 4 provides (‘‘Commission’’) the proposed rule $0.35 per contract to $0.30 per contract. that, within 45 days of the publication change as described in Items I and II The Exchange also proposes to reduce of notice of the filing of a proposed rule below, which Items have been prepared the Priority Customer taker fee for QQQ, change, or within such longer period up by the Exchange. The Commission is IWM and VXX from $0.40 per contract to 90 days as the Commission may publishing this notice to solicit to $0.35 per contract. SPY, QQQ, IWM designate if it finds such longer period comments on the proposed rule change and VXX are some of the most actively to be appropriate and publishes its from interested persons. traded names on the Exchange. As such, reasons for so finding or as to which the the Exchange believes that this self-regulatory organization consents, I. Self-Regulatory Organization’s reduction in fees will attract Priority the Commission shall either approve the Statement of the Terms of Substance of Customer orders in those symbols to proposed rule change, disapprove the the Proposed Rule Change ISE. Finally, the Exchange proposes to proposed rule change, or institute The Exchange proposes to amend its increase the Priority Customer taker fee proceedings to determine whether the Schedule of Fees, as described further for regular orders in all other Select proposed rule change should be below. Symbols from $0.40 per contract to disapproved. The Commission is The text of the proposed rule change $0.44 per contract. extending this 45-day time period. is available on the Exchange’s Web site The Commission finds that it is at www.ise.com, at the principal office 3 A ‘‘Priority Customer’’ is a person or entity that appropriate to designate a longer period of the Exchange, and at the is not a broker/dealer in securities, and does not place more than 390 orders in listed options per day within which to take action on the Commission’s Public Reference Room. on average during a calendar month for its own proposed rule change so that it has II. Self-Regulatory Organization’s beneficial account(s), as defined in Nasdaq ISE Rule sufficient time to consider the proposed Statement of the Purpose of, and 100(a)(37A). 4 ‘‘Select Symbols’’ are options overlying all rule change. The proposed rule change Statutory Basis for, the Proposed Rule symbols listed on the Nasdaq ISE that are in the would establish the procedures for Change Penny Pilot Program. resolving potential disputes related to 5 The term ‘‘Market Makers’’ refers to CAT Fees charged to Industry Members. In its filing with the Commission, the ‘‘Competitive Market Makers’’ and ‘‘Primary Market Accordingly, the Commission, Exchange included statements Makers’’ collectively. See ISE Rule 100(a)(25). pursuant to Section 19(b)(2) of the Act,5 concerning the purpose of and basis for 6 A ‘‘Non-Nasdaq ISE Market Maker’’ is a market the proposed rule change and discussed maker as defined in Section 3(a)(38) of the designates August 30, 2017, as the date Securities Exchange Act of 1934, as amended, by which the Commission should either any comments it received on the registered in the same options class on another approve or disapprove or institute proposed rule change. The text of these options exchange. mstockstill on DSK30JT082PROD with NOTICES proceedings to determine whether to statements may be examined at the 7 A ‘‘Firm Proprietary’’ order is an order places specified in Item IV below. The submitted by a member for its own proprietary Exchange has prepared summaries, set account. 1 15 U.S.C. 78s(b)(1). 8 A ‘‘Broker-Dealer’’ order is an order submitted 2 17 CFR 240.19b–4. forth in sections A, B, and C below, of by a member for a broker-dealer account that is not 3 Securities Exchange Act Release No. 80782 (May its own proprietary account. 26, 2017), 82 FR 25379 (‘‘Notice’’). 6 17 CFR 200.30–3(a)(31). 9 A ‘‘Professional Customer’’ is a person or entity 4 15 U.S.C. 78s(b)(2). 1 15 U.S.C. 78s(b)(1). that is not a broker/dealer and is not a Priority 5 15 U.S.C. 78s(b)(2). 2 17 CFR 240.19b–4. Customer. VerDate Sep<11>2014 17:44 Jul 13, 2017 Jkt 241001 PO 00000 Frm 00065 Fmt 4703 Sfmt 4703 E:\FR\FM\14JYN1.SGM 14JYN1


Document Created: 2018-10-24 11:18:38
Document Modified: 2018-10-24 11:18:38
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
FR Citation82 FR 32592 
2025 Federal Register | Disclaimer | Privacy Policy
USC | CFR | eCFR