82 FR 33527 - Self-Regulatory Organizations; Nasdaq MRX, LLC; Notice of Designation of a Longer Period for Commission Action on Proposed Rule Change in Connection With a System Migration to Nasdaq INET Technology

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 82, Issue 138 (July 20, 2017)

Page Range		33527-33527
FR Document		2017-15196

Federal Register, Volume 82 Issue 138 (Thursday, July 20, 2017)

[Federal Register Volume 82, Number 138 (Thursday, July 20, 2017)]
[Notices]
[Page 33527]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-15196]



[[Page 33527]]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-81151; File No. SR-MRX-2017-02]


Self-Regulatory Organizations; Nasdaq MRX, LLC; Notice of 
Designation of a Longer Period for Commission Action on Proposed Rule 
Change in Connection With a System Migration to Nasdaq INET Technology

July 14, 2017.
    On May 17, 2017, Nasdaq MRX, LLC (``MRX'' or ``Exchange'') filed 
with the Securities and Exchange Commission (``Commission''), pursuant 
to Section 19(b)(1) of the Securities Exchange Act of 1934 (``Act'') 
\1\ and Rule 19b-4 thereunder,\2\ a proposed rule change to amend 
various Exchange rules in connection with a system migration to Nasdaq, 
Inc. supported technology. The proposed rule change was published for 
comment in the Federal Register on June 5, 2017.\3\ The Commission 
received no comment letters on the proposed rule change.
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ See Securities Exchange Act Release No. 80815 (May 30, 
2017), 82 FR 25827 (``Notice'').
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    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 
45th day for this filing is July 20, 2017.
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    \4\ 15 U.S.C. 78s(b)(2).
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    The Commission is extending the 45-day time period for Commission 
action on the proposed rule change. 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 
Exchange's proposal, as described above.
    Accordingly, pursuant to Section 19(b)(2) of the Act,\5\ the 
Commission designates September 3, 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 No. 
SR-MRX-2017-02).
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    \5\ 15 U.S.C. 78s(b)(2).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\6\
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    \6\ 17 CFR 200.30-3(a)(31).
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Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2017-15196 Filed 7-19-17; 8:45 am]
 BILLING CODE 8011-01-P

Federal Register / Vol. 82, No. 138 / Thursday, July 20, 2017 / Notices 33527

SECURITIES AND EXCHANGE For the Commission, by the Division of the most significant aspects of such
COMMISSION Trading and Markets, pursuant to delegated statements.
authority.6
Jill M. Peterson, A. Self-Regulatory Organization’s
[Release No. 34–81151; File No. SR–MRX– Statement of the Purpose of, and
2017–02] Assistant Secretary.
Statutory Basis for, the Proposed Rule
[FR Doc. 2017–15196 Filed 7–19–17; 8:45 am]
Change
Self-Regulatory Organizations; Nasdaq BILLING CODE 8011–01–P
MRX, LLC; Notice of Designation of a 1. Purpose
Longer Period for Commission Action The purpose of the proposed rule
on Proposed Rule Change in SECURITIES AND EXCHANGE change is to amend the Schedule of Fees
Connection With a System Migration to COMMISSION to: (1) Exclude certain Select Symbols 3
Nasdaq INET Technology [Release No. 34–81144; File No. SR–ISE– which will migrate to INET from July
July 14, 2017. 2017–69] 3rd through July 30th 2017 from the
Market Maker Plus 4 Tiers for the month
On May 17, 2017, Nasdaq MRX, LLC Self-Regulatory Organizations; Nasdaq of July 2017; and (2) exclude certain
(‘‘MRX’’ or ‘‘Exchange’’) filed with the ISE, LLC; Notice of Filing and activity for certain Select Symbols
Securities and Exchange Commission Immediate Effectiveness of Proposed which will migrate to INET on July 31,
(‘‘Commission’’), pursuant to Section Rule Change To Amend the Schedule 2017 from the Market Maker Plus Tiers
19(b)(1) of the Securities Exchange Act of Fees in Connection With the ISE for the month of July 2017. Each rule
of 1934 (‘‘Act’’) 1 and Rule 19b–4 System Migration change will be described in greater
thereunder,2 a proposed rule change to detail below.
amend various Exchange rules in July 14, 2017. These rule changes are being made in
connection with a system migration to Pursuant to Section 19(b)(1) of the connection with the migration of the
Nasdaq, Inc. supported technology. The Securities Exchange Act of 1934 Exchange’s trading system to the Nasdaq
proposed rule change was published for (‘‘Act’’),1 and Rule 19b–4 thereunder,2 INET technology, which began on June
comment in the Federal Register on notice is hereby given that on July 3, 12, 2017.5 On June 9, 2017, the
June 5, 2017.3 The Commission received 2017, Nasdaq ISE, LLC (‘‘ISE’’ or Exchange filed a proposed rule change
no comment letters on the proposed rule ‘‘Exchange’’) filed with the Securities that eliminated fees and rebates for
change. and Exchange Commission (‘‘SEC’’ or trades in FX Options that began trading
Section 19(b)(2) of the Act 4 provides ‘‘Commission’’) the proposed rule on INET with the launch of the re-
that, within 45 days of the publication change as described in Items I and II platformed trading system.6 In addition,
of notice of the filing of a proposed rule below, which Items have been prepared on June 27, 2017 the Exchange filed
change, or within such longer period up by the Exchange. The Commission is another proposed rule change that
to 90 days as the Commission may publishing this notice to solicit eliminated fees and rebates for trades in
designate if it finds such longer period comments on the proposed rule change symbol KANG that began trading on
to be appropriate and publishes its from interested persons. INET on that date.7 The Exchange
reasons for so finding or as to which the recently filed a proposed rule change
I. Self-Regulatory Organization’s
self-regulatory organization consents, that eliminated fees and rebates for
Statement of the Terms of Substance of
the Commission shall either approve the trades executed on June 30, 2017 in the
the Proposed Rule Change
proposed rule change, disapprove the following symbols: ACN, ACOR, AEO,
proposed rule change, or institute The Exchange proposes to amend the AFSI, AMJ, AOBC, BKD, BTE, BV, CBI,
proceedings to determine whether the Schedule of Fees to indicate the CCL, CLR, CME, CNQ, ADM, ADSK,
proposed rule change should be treatment of various symbols which are AGNC, ASHR, BBT, BK, BSX, CIEN, and
disapproved. The 45th day for this filing migrating to INET technology in July
is July 20, 2017. 2017. 3 ‘‘Select Symbols’’ are options overlying all

The Commission is extending the 45- The text of the proposed rule change symbols listed on ISE that are in the Penny Pilot
day time period for Commission action is available on the Exchange’s Web site Program.
4 A Market Maker Plus is a Market Maker who is
on the proposed rule change. The at www.ise.com, at the principal office
on the National Best Bid or National Best Offer a
Commission finds that it is appropriate of the Exchange, and at the specified percentage of the time for series trading
to designate a longer period within Commission’s Public Reference Room. between $0.03 and $3.00 (for options whose
which to take action on the proposed underlying stock’s previous trading day’s last sale
II. Self-Regulatory Organization’s price was less than or equal to $100) and between
rule change so that it has sufficient time Statement of the Purpose of, and $0.10 and $3.00 (for options whose underlying
to consider the Exchange’s proposal, as Statutory Basis for, the Proposed Rule stock’s previous trading day’s last sale price was
described above. Change
greater than $100) in premium in each of the front
Accordingly, pursuant to Section two expiration months. The specified percentage is
In its filing with the Commission, the at least 80% but lower than 85% of the time for Tier
19(b)(2) of the Act,5 the Commission 1, at least 85% but lower than 95% of the time for
designates September 3, 2017, as the Exchange included statements Tier 2, and at least 95% of the time for Tier 3. A
date by which the Commission should concerning the purpose of and basis for Market Maker’s single best and single worst quoting
either approve or disapprove or institute the proposed rule change and discussed days each month based on the front two expiration
months, on a per symbol basis, will be excluded in
proceedings to determine whether to any comments it received on the calculating whether a Market Maker qualifies for
asabaliauskas on DSKBBXCHB2PROD with NOTICES

disapprove the proposed rule change proposed rule change. The text of these this rebate, if doing so will qualify a Market Maker
(File No. SR–MRX–2017–02). statements may be examined at the for the rebate.
places specified in Item IV below. The 5 See Securities Exchange Act Release No. 80432

Exchange has prepared summaries, set (April 11, 2017), 82 FR 18191 (April 17, 2017) (SR–
1 15 U.S.C. 78s(b)(1). ISE–2017–03). See also Options Trader Alert 2017–
2 17 CFR 240.19b–4. forth in sections A, B, and C below, of 51.
3 See Securities Exchange Act Release No. 80815 6 See Securities Exchange Act Release No. 80999
(May 30, 2017), 82 FR 25827 (‘‘Notice’’). 6 17 CFR 200.30–3(a)(31). (June 22, 2017) 82 FR 29354 (June 28, 2017) (SR–
4 15 U.S.C. 78s(b)(2). 1 15 U.S.C. 78s(b)(1). ISE–2017–59).
5 15 U.S.C. 78s(b)(2). 2 17 CFR 240.19b–4. 7 See SR–ISE–2017–63 (publication pending).

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Document Created: 2017-07-20 06:58:04
Document Modified: 2017-07-20 06:58:04

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 33527