82 FR 33530 - Self-Regulatory Organizations; Nasdaq ISE, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Re-Letter Rulebook Definition

SECURITIES AND EXCHANGE COMMISSION

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

Page Range		33530-33531
FR Document		2017-15193
Federal Register, Volume 82 Issue 138 (Thursday, July 20, 2017)
[Federal Register Volume 82, Number 138 (Thursday, July 20, 2017)]
[Notices]
[Pages 33530-33531]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-15193]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-81148; File No. SR-ISE-2017-67]


Self-Regulatory Organizations; Nasdaq ISE, LLC; Notice of Filing 
and Immediate Effectiveness of Proposed Rule Change to Re-Letter 
Rulebook Definition

July 14, 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 July 5, 2017, Nasdaq ISE, LLC (``ISE'' or ``Exchange'') filed with 
the Securities and Exchange Commission (``Commission'') the proposed 
rule change as described in Items I, II, and III, 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.
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
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I. Self-Regulatory Organization's Statement of the Terms of Substance 
of the Proposed Rule Change

    The Exchange proposes to correct a lettering issue with the ISE 
Rulebook.
    The text of the proposed rule change is available on the Exchange's 
Web site at www.ise.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 Exchange 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 Exchange has prepared summaries, set forth in 
sections A, B, and C below, of the most significant aspects of such 
statements.

[[Page 33531]]

A. Self-Regulatory Organization's Statement of the Purpose of, and 
Statutory Basis for, the Proposed Rule Change

1. Purpose
    The Exchange proposes to correct a lettering reference in the ISE 
Rulebook. The Exchange recently added a new definition to Rule 715. The 
Exchange filed to add a new definition of Opening Sweep at Rule 
715(t).\3\ The ISE Rulebook already has a definition at Rule 715(t) for 
QCC with Stock Orders. In light of the QCC with Stock Orders 
definition, the Exchange proposes re-lettering the Opening Sweep 
definition as Rule 715(u). The Exchange proposes to re-letter the 
Opening Sweep definition to avoid confusion in the Rulebook.
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    \3\ See Securities Exchange Act Release No. 80225 (March 13, 
2017, 82 FR 14243 (March 17, 2017) (SR-ISE-2017-02) (Order Approving 
Proposed Rule Change, as Modified by Amendment No. 1, To Amend the 
Exchange Opening Process). The Exchange defined an Opening Sweep as 
a Market Maker order submitted for execution against eligible 
interest in the system during the Opening Process pursuant to Rule 
701(b)(1).
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2. Statutory Basis
    The Exchange believes that its proposal is consistent with Section 
6(b) of the Act,\4\ in general, and furthers the objectives of Section 
6(b)(5) of the Act,\5\ in particular, in that it is designed to promote 
just and equitable principles of trade, 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, 
by re-lettering the Opening Sweep definition to avoid confusion in the 
Rulebook and will also permit market participants to reference the 
Opening Sweep definition.
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    \4\ 15 U.S.C. 78f(b).
    \5\ 15 U.S.C. 78f(b)(5).
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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's proposal to re-
letter the Opening Sweep definition will avoid confusion in the 
Rulebook.

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

    No written comments were either solicited or received.

III. Date of Effectiveness of the Proposed Rule Change and Timing for 
Commission Action

    Because the foregoing 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)(iii) of the Act \6\ and 
subparagraph (f)(6) of Rule 19b-4 thereunder.\7\
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    \6\ 15 U.S.C. 78s(b)(3)(A)(iii).
    \7\ 17 CFR 240.19b-4(f)(6). In addition, Rule 19b-4(f)(6) 
requires a self-regulatory organization to give the Commission 
written notice of its intent to file 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 satisfied this requirement.
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    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: (i) 
Necessary or appropriate in the public interest; (ii) for the 
protection of investors; or (iii) 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 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-ISE-2017-67 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-ISE-2017-67. 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-ISE-2017-67 and should be 
submitted on or before August 10, 2017.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\8\
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    \8\ 17 CFR 200.30-3(a)(12).
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Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2017-15193 Filed 7-19-17; 8:45 am]
 BILLING CODE 8011-01-P
33530 Federal Register / Vol. 82, No. 138 / Thursday, July 20, 2017 / Notices

of the Act,8 in general, and furthers the furtherance of the purposes of the Act. For the Commission, by the Division of
objectives of Section 6(b)(5) of the Act,9 If the Commission takes such action, the Trading and Markets, pursuant to delegated
in particular, in that it is designed to Commission shall institute proceedings authority.12
promote just and equitable principles of to determine whether the proposed rule Jill M. Peterson,
trade, to remove impediments to and should be approved or disapproved. Assistant Secretary.
perfect the mechanism of a free and [FR Doc. 2017–15192 Filed 7–19–17; 8:45 am]
open market and a national market IV. Solicitation of Comments
BILLING CODE 8011–01–P
system, and, in general to protect Interested persons are invited to
investors and the public interest, by submit written data, views, and
removing outdated text in the arguments concerning the foregoing, SECURITIES AND EXCHANGE
Exchange’s Rulebook and Fee Schedule including whether the proposed rule COMMISSION
which applied at one point in time and change is consistent with the Act.
is no longer applicable. Removing the Comments may be submitted by any of [Release No. 34–81148; File No. SR–ISE–
outdated text will avoid confusion as to the following methods: 2017–67]
its applicability.
Electronic Comments Self-Regulatory Organizations; Nasdaq
B. Self-Regulatory Organization’s
• Use the Commission’s Internet ISE, LLC; Notice of Filing and
Statement on Burden on Competition
comment form (http://www.sec.gov/ Immediate Effectiveness of Proposed
The Exchange does not believe that Rule Change to Re-Letter Rulebook
the proposed rule change will impose rules/sro.shtml); or
Definition
any burden on competition not • Send an email to rule-comments@
necessary or appropriate in furtherance sec.gov. Please include File Number SR– July 14, 2017.
of the purposes of the Act. The GEMX–2017–30 on the subject line. Pursuant to Section 19(b)(1) of the
Exchange’s proposal to remove the Paper Comments Securities Exchange Act of 1934
outdated text does not impose an undue (‘‘Act’’),1 and Rule 19b–4 thereunder,2
burden on competition because the • Send paper comments in triplicate notice is hereby given that on July 5,
specified text does not apply to any to Secretary, Securities and Exchange 2017, Nasdaq ISE, LLC (‘‘ISE’’ or
market participant. Commission, 100 F Street NE., ‘‘Exchange’’) filed with the Securities
Washington, DC 20549–1090. and Exchange Commission
C. Self-Regulatory Organization’s
Statement on Comments on the All submissions should refer to File (‘‘Commission’’) the proposed rule
Proposed Rule Change Received From Number SR–GEMX–2017–30. This file change as described in Items I, II, and
Members, Participants, or Others number should be included on the III, below, which Items have been
subject line if email is used. To help the prepared by the Exchange. The
No written comments were either
Commission process and review your Commission is publishing this notice to
solicited or received.
comments more efficiently, please use solicit comments on the proposed rule
III. Date of Effectiveness of the only one method. The Commission will change from interested persons.
Proposed Rule Change and Timing for post all comments on the Commission’s I. Self-Regulatory Organization’s
Commission Action Internet Web site (http://www.sec.gov/ Statement of the Terms of Substance of
Because the foregoing proposed rule rules/sro.shtml). Copies of the the Proposed Rule Change
change does not: (i) Significantly affect submission, all subsequent
the protection of investors or the public amendments, all written statements The Exchange proposes to correct a
interest; (ii) impose any significant with respect to the proposed rule lettering issue with the ISE Rulebook.
burden on competition; and (iii) become change that are filed with the The text of the proposed rule change
operative for 30 days from the date on Commission, and all written is available on the Exchange’s Web site
which it was filed, or such shorter time communications relating to the at www.ise.com, at the principal office
as the Commission may designate, it has proposed rule change between the of the Exchange, and at the
become effective pursuant to Section Commission and any person, other than Commission’s Public Reference Room.
19(b)(3)(A)(iii) of the Act 10 and those that may be withheld from the
subparagraph (f)(6) of Rule 19b–4 public in accordance with the II. Self-Regulatory Organization’s
thereunder.11 provisions of 5 U.S.C. 552, will be Statement of the Purpose of, and
At any time within 60 days of the available for Web site viewing and Statutory Basis for, the Proposed Rule
filing of the proposed rule change, the printing in the Commission’s Public Change
Commission summarily may Reference Room, 100 F Street NE., In its filing with the Commission, the
temporarily suspend such rule change if Washington, DC 20549, on official Exchange included statements
it appears to the Commission that such business days between the hours of concerning the purpose of and basis for
action is: (i) Necessary or appropriate in 10:00 a.m. and 3:00 p.m. Copies of the the proposed rule change and discussed
the public interest; (ii) for the protection filing also will be available for any comments it received on the
of investors; or (iii) otherwise in inspection and copying at the principal proposed rule change. The text of these
office of the Exchange. All comments statements may be examined at the
8 15 U.S.C. 78f(b). received will be posted without change;
asabaliauskas on DSKBBXCHB2PROD with NOTICES

9 15
places specified in Item IV below. The
U.S.C. 78f(b)(5). the Commission does not edit personal
10 15 U.S.C. 78s(b)(3)(A)(iii). Exchange has prepared summaries, set
11 17 CFR 240.19b–4(f)(6). In addition, Rule 19b–
identifying information from forth in sections A, B, and C below, of
4(f)(6) requires a self-regulatory organization to give
submissions. You should submit only the most significant aspects of such
the Commission written notice of its intent to file information that you wish to make statements.
the proposed rule change at least five business days available publicly. All submissions
prior to the date of filing of the proposed rule should refer to File Number SR–GEMX– 12 17 CFR 200.30–3(a)(12).
change, or such shorter time as designated by the
Commission. The Exchange has satisfied this
2017–30 and should be submitted on or 1 15 U.S.C. 78s(b)(1).
requirement. before August 10, 2017. 2 17 CFR 240.19b–4.

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Federal Register / Vol. 82, No. 138 / Thursday, July 20, 2017 / Notices 33531

A. Self-Regulatory Organization’s III. Date of Effectiveness of the rules/sro.shtml). Copies of the
Statement of the Purpose of, and Proposed Rule Change and Timing for submission, all subsequent
Statutory Basis for, the Proposed Rule Commission Action amendments, all written statements
Change Because the foregoing proposed rule with respect to the proposed rule
change does not: (i) Significantly affect change that are filed with the
1. Purpose Commission, and all written
the protection of investors or the public
The Exchange proposes to correct a interest; (ii) impose any significant communications relating to the
burden on competition; and (iii) become proposed rule change between the
lettering reference in the ISE Rulebook.
operative for 30 days from the date on Commission and any person, other than
The Exchange recently added a new
which it was filed, or such shorter time those that may be withheld from the
definition to Rule 715. The Exchange
as the Commission may designate, it has public in accordance with the
filed to add a new definition of Opening
become effective pursuant to Section provisions of 5 U.S.C. 552, will be
Sweep at Rule 715(t).3 The ISE available for Web site viewing and
Rulebook already has a definition at 19(b)(3)(A)(iii) of the Act 6 and
printing in the Commission’s Public
Rule 715(t) for QCC with Stock Orders. subparagraph (f)(6) of Rule 19b–4
Reference Room, 100 F Street NE.,
In light of the QCC with Stock Orders thereunder.7
At any time within 60 days of the Washington, DC 20549, on official
definition, the Exchange proposes re- business days between the hours of
lettering the Opening Sweep definition filing of the proposed rule change, the
Commission summarily may 10:00 a.m. and 3:00 p.m. Copies of the
as Rule 715(u). The Exchange proposes filing also will be available for
to re-letter the Opening Sweep temporarily suspend such rule change if
it appears to the Commission that such inspection and copying at the principal
definition to avoid confusion in the office of the Exchange. All comments
Rulebook. action is: (i) Necessary or appropriate in
received will be posted without change;
the public interest; (ii) for the protection
2. Statutory Basis the Commission does not edit personal
of investors; or (iii) otherwise in
identifying information from
furtherance of the purposes of the Act.
The Exchange believes that its submissions. You should submit only
If the Commission takes such action, the
proposal is consistent with Section 6(b) information that you wish to make
Commission shall institute proceedings
of the Act,4 in general, and furthers the available publicly. All submissions
to determine whether the proposed rule
objectives of Section 6(b)(5) of the Act,5 should refer to File Number SR–ISE–
should be approved or disapproved.
in particular, in that it is designed to 2017–67 and should be submitted on or
promote just and equitable principles of IV. Solicitation of Comments before August 10, 2017.
trade, to remove impediments to and Interested persons are invited to For the Commission, by the Division of
perfect the mechanism of a free and submit written data, views, and Trading and Markets, pursuant to delegated
open market and a national market arguments concerning the foregoing, authority.8
system, and, in general to protect including whether the proposed rule Jill M. Peterson,
investors and the public interest, by re- change is consistent with the Act. Assistant Secretary.
lettering the Opening Sweep definition Comments may be submitted by any of [FR Doc. 2017–15193 Filed 7–19–17; 8:45 am]
to avoid confusion in the Rulebook and the following methods: BILLING CODE 8011–01–P
will also permit market participants to Electronic Comments
reference the Opening Sweep definition.
• Use the Commission’s Internet SECURITIES AND EXCHANGE
B. Self-Regulatory Organization’s comment form (http://www.sec.gov/ COMMISSION
Statement on Burden on Competition rules/sro.shtml); or
[Release No. 34–81149; File No. SR–IEX–
• Send an email to rule-comments@ 2017–23]
The Exchange does not believe that sec.gov. Please include File Number SR–
the proposed rule change will impose ISE–2017–67 on the subject line. Self-Regulatory Organizations:
any burden on competition not
Paper Comments Investors Exchange LLC; Notice of
necessary or appropriate in furtherance
Filing and Immediate Effectiveness of
of the purposes of the Act. The • Send paper comments in triplicate Proposed Rule Change To Make a
Exchange’s proposal to re-letter the to Secretary, Securities and Exchange Clarifying Amendment to IEX Rule
Opening Sweep definition will avoid Commission, 100 F Street NE., 16.135
confusion in the Rulebook. Washington, DC 20549–1090.
All submissions should refer to File July 14, 2017.
C. Self-Regulatory Organization’s Pursuant to Section 19(b)(1) 1 of the
Statement on Comments on the Number SR–ISE–2017–67. This file
number should be included on the Securities Exchange Act of 1934 (the
Proposed Rule Change Received From ‘‘Act’’) 2 and Rule 19b–4 thereunder,3
Members, Participants, or Others subject line if email is used. To help the
Commission process and review your notice is hereby given that, on July 7,
No written comments were either comments more efficiently, please use 2017, the Investors Exchange LLC filed
solicited or received. only one method. The Commission will with the Securities and Exchange
post all comments on the Commission’s Commission (the ‘‘Commission’’) the
3 See Securities Exchange Act Release No. 80225 Internet Web site (http://www.sec.gov/ proposed rule change as described in
asabaliauskas on DSKBBXCHB2PROD with NOTICES

(March 13, 2017, 82 FR 14243 (March 17, 2017) Items I, II and III below, which Items
(SR–ISE–2017–02) (Order Approving Proposed Rule 6 15
U.S.C. 78s(b)(3)(A)(iii). have been prepared by the self-
Change, as Modified by Amendment No. 1, To 7 17
CFR 240.19b–4(f)(6). In addition, Rule 19b– regulatory organization. The
Amend the Exchange Opening Process). The 4(f)(6) requires a self-regulatory organization to give
Exchange defined an Opening Sweep as a Market
Commission is publishing this notice to
the Commission written notice of its intent to file
Maker order submitted for execution against eligible the proposed rule change at least five business days 8 17 CFR 200.30–3(a)(12).
interest in the system during the Opening Process prior to the date of filing of the proposed rule
pursuant to Rule 701(b)(1). change, or such shorter time as designated by the
1 15 U.S.C. 78s(b)(1).
4 15 U.S.C. 78f(b). 2 15 U.S.C. 78a.
Commission. The Exchange has satisfied this
5 15 U.S.C. 78f(b)(5). requirement. 3 17 CFR 240.19b–4.

VerDate Sep<11>2014 18:50 Jul 19, 2017 Jkt 241001 PO 00000 Frm 00056 Fmt 4703 Sfmt 4703 E:\FR\FM\20JYN1.SGM 20JYN1
Document Created: 2017-07-20 06:57:41
Document Modified: 2017-07-20 06:57:41
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 33530