82 FR 34727 - Self-Regulatory Organizations; Nasdaq ISE, LLC; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Adopt Rule 912

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 82, Issue 142 (July 26, 2017)

Page Range		34727-34728
FR Document		2017-15636

Federal Register, Volume 82 Issue 142 (Wednesday, July 26, 2017)

[Federal Register Volume 82, Number 142 (Wednesday, July 26, 2017)]
[Notices]
[Pages 34727-34728]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-15636]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-81181; File No. SR-ISE-2017-52]


Self-Regulatory Organizations; Nasdaq ISE, LLC; Notice of 
Designation of a Longer Period for Commission Action on a Proposed Rule 
Change To Adopt Rule 912

July 20, 2017.
    On June 9, 2017, Nasdaq ISE, LLC (``ISE'' 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 912 (Consolidated Audit Trail--Fee 
Dispute Resolution). The proposed rule change was published for comment 
in the Federal Register on June 23, 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\ Securities Exchange Act Release No. 80971 (June 19, 2017), 
82 FR 28698 (``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 
Commission is extending this 45-day time period.
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    \4\ 15 U.S.C. 78s(b)(2).
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    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.

[[Page 34728]]

    Accordingly, the Commission, pursuant to Section 19(b)(2) of the 
Act,\5\ designates September 21, 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-ISE-2017-52).
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    \5\ 15 U.S.C. 78s(b)(2).
    \6\ 17 CFR 200.30-3(a)(31).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\6\
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017-15636 Filed 7-25-17; 8:45 am]
 BILLING CODE 8011-01-P

Federal Register / Vol. 82, No. 142 / Wednesday, July 26, 2017 / Notices 34727

risk tool simply add more precision to At any time within 60 days of the 2017–32, and should be submitted on or
the existing calculation to permit filing of the proposed rule change, the before August 16, 2017.
Marker Makers to better control their Commission summarily may For the Commission, by the Division of
risk with respect to quoting. temporarily suspend such rule change if Trading and Markets, pursuant to delegated
Further, the Exchange is it appears to the Commission that such authority.13
memorializing more detail concerning action is necessary or appropriate in the Eduardo A. Aleman,
the function of the Thresholds with this public interest; for the protection of Assistant Secretary.
rule proposal and making clear the investors; or otherwise in furtherance of [FR Doc. 2017–15629 Filed 7–25–17; 8:45 am]
method in which the Percentage risk the purposes of the Act.
BILLING CODE 8011–01–P
tool is calculated. The risk tools will
continue to reduce risk for market IV. Solicitation of Comments
makers in the event of a systems issue Interested persons are invited to
submit written data, views, and SECURITIES AND EXCHANGE
or due to the occurrence of unusual or
arguments concerning the foregoing, COMMISSION
unexpected market activity.
including whether the proposed rule [Release No. 34–81181; File No. SR–ISE–
C. Self-Regulatory Organization’s change is consistent with the Act. 2017–52]
Statement on Comments on the Comments may be submitted by any of
Proposed Rule Change Received From the following methods: Self-Regulatory Organizations; Nasdaq
Members, Participants, or Others ISE, LLC; Notice of Designation of a
No written comments were either Electronic Comments Longer Period for Commission Action
solicited or received. • Use the Commission’s Internet on a Proposed Rule Change To Adopt
comment form (http://www.sec.gov/ Rule 912
III. Date of Effectiveness of the rules/sro.shtml); or
Proposed Rule Change and Timing for • Send an email to rule-comments@ July 20, 2017.
Commission Action sec.gov. Please include File Number SR– On June 9, 2017, Nasdaq ISE, LLC
Because the foregoing proposed rule GEMX–2017–32 on the subject line. (‘‘ISE’’ or the ‘‘Exchange’’) filed with the
change does not: (i) Significantly affect Securities and Exchange Commission
Paper Comments (‘‘Commission’’), pursuant to Section
the protection of investors or the public
interest; (ii) impose any significant • Send paper comments in triplicate 19(b)(1) of the Securities Exchange Act
burden on competition; and (iii) become to Secretary, Securities and Exchange of 1934 (‘‘Act’’ or ‘‘Exchange Act’’) 1 and
operative for 30 days from the date on Commission, 100 F Street NE., Rule 19b–4 thereunder,2 a proposed rule
which it was filed, or such shorter time Washington, DC 20549–1090. change to adopt Rule 912 (Consolidated
as the Commission may designate, it has All submissions should refer to File Audit Trail—Fee Dispute Resolution).
become effective pursuant to Section Number SR–GEMX–2017–32. This file The proposed rule change was
19(b)(3)(A)(iii) of the Act 10 and number should be included on the published for comment in the Federal
subparagraph (f)(6) of Rule 19b–4 subject line if email is used. To help the Register on June 23, 2017.3 The
thereunder.11 Commission process and review your Commission received no comment
In its filing, GEMX requests that the comments more efficiently, please use letters on the proposed rule change.
Commission waive the 30-day operative only one method. The Commission will Section 19(b)(2) of the Act 4 provides
delay in order to enable the Exchange to post all comments on the Commission’s that, within 45 days of the publication
accurately reflect in its rules the Internet Web site (http://www.sec.gov/ of notice of the filing of a proposed rule
operation of its risk parameters since the rules/sro.shtml). Copies of the change, or within such longer period up
migration to the INET platform. submission, all subsequent to 90 days as the Commission may
Although the Exchange proposes certain amendments, all written statements designate if it finds such longer period
technical changes to how the risk with respect to the proposed rule to be appropriate and publishes its
parameters will operate (e.g., limiting change that are filed with the reasons for so finding or as to which the
the Specified Time Period to 30 Commission, and all written self-regulatory organization consents,
seconds), the proposed changes are communications relating to the the Commission shall either approve the
largely intended to provide more detail proposed rule change between the proposed rule change, disapprove the
about the operation of the existing risk Commission and any person, other than proposed rule change, or institute
parameters. Accordingly, the those that may be withheld from the proceedings to determine whether the
Commission believes that granting a public in accordance with the proposed rule change should be
waiver of the operative delay is provisions of 5 U.S.C. 552, will be disapproved. The Commission is
consistent with the protection of available for Web site viewing and extending this 45-day time period.
investors and the public interest and printing in the Commission’s Public The Commission finds that it is
therefore designates the proposed rule Reference Room, 100 F Street NE., appropriate to designate a longer period
change to be operative upon filing.12 Washington, DC 20549, on official within which to take action on the
business days between the hours of proposed rule change so that it has
10 15 U.S.C. 78s(b)(3)(A)(iii). 10:00 a.m. and 3:00 p.m. Copies of the sufficient time to consider the proposed
11 17 CFR 240.19b–4(f)(6). In addition, Rule 19b–
filing also will be available for rule change. The proposed rule change
4(f)(6) requires a self-regulatory organization to give would establish the procedures for
the Commission written notice of its intent to file inspection and copying at the principal
the proposed rule change at least five business days office of the Exchange. All comments resolving potential disputes related to
mstockstill on DSK30JT082PROD with NOTICES

prior to the date of filing of the proposed rule received will be posted without change; CAT Fees charged to Industry Members.
change, or such shorter time as designated by the
Commission. The Exchange has satisfied this the Commission does not edit personal 13 17 CFR 200.30–3(a)(12).
requirement. identifying information from 1 15 U.S.C. 78s(b)(1).
12 For purposes only of waiving the 30-day
submissions. You should submit only 2 17 CFR 240.19b–4.
operative delay, the Commission has also information that you wish to make 3 Securities Exchange Act Release No. 80971
considered the proposed rule’s impact on
efficiency, competition, and capital formation. See available publicly. All submissions (June 19, 2017), 82 FR 28698 (‘‘Notice’’).
15 U.S.C. 78c(f). should refer to File Number SR–GEMX– 4 15 U.S.C. 78s(b)(2).

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Document Created: 2017-07-26 01:30:29
Document Modified: 2017-07-26 01:30:29

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 34727