82_FR_35707 82 FR 35562 - Consolidated Tape Association; Notice of Filing and Immediate Effectiveness of the Twenty-Eight Substantive Amendment to the Second Restatement of the CTA Plan and the Twentieth Amendment to the Restated CQ Plan

82 FR 35562 - Consolidated Tape Association; Notice of Filing and Immediate Effectiveness of the Twenty-Eight Substantive Amendment to the Second Restatement of the CTA Plan and the Twentieth Amendment to the Restated CQ Plan

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 82, Issue 145 (July 31, 2017)

Page Range35562-35563
FR Document2017-16000

Federal Register, Volume 82 Issue 145 (Monday, July 31, 2017) 
[Federal Register Volume 82, Number 145 (Monday, July 31, 2017)]
[Notices]
[Pages 35562-35563]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-16000]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-81199; File No. SR-CTA/CQ-2017-03]


Consolidated Tape Association; Notice of Filing and Immediate 
Effectiveness of the Twenty-Eight Substantive Amendment to the Second 
Restatement of the CTA Plan and the Twentieth Amendment to the Restated 
CQ Plan

July 25, 2017.
    Pursuant to Section 11A of the Securities Exchange Act of 1934 
(``Act''),\1\ and Rule 608 thereunder,\2\ notice is hereby given that 
on June 30, 2017, the Consolidated Tape Association (``CTA'') Plan 
participants (``Participants'') \3\ filed with the Securities and 
Exchange Commission (``Commission'') a proposal to amend the Second 
Restatement of the CTA Plan and the Restated Consolidated Quotation 
(``CQ'') Plan (``Plans'').\4\ These amendments represent the Twenty-
Eighth Substantive Amendment to the CTA Plan and the Twentieth 
Amendment to the CQ Plan (``Amendments''). The Amendments seek to amend 
the Plans in order to reflect changes to the names and addresses of 
certain Participants, as set forth in Section III(a) of the Plans. 
Pursuant to Rule 608(b)(3)(ii) under Regulation NMS,\5\ the 
Participants designate the Amendments as concerned solely with the 
administration of the Plans and as ``Ministerial Amendments'' under 
both Section IV(b) of the CTA Plan and Section IV(c) of the CQ Plan. As 
a result, the Amendments were effective upon filing and were submitted 
by the Chairman of the Plan's Operating Committee. The Commission is 
publishing this notice to solicit comments from interested persons on 
the proposed Amendments.
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    \1\ 15 U.S.C. 78k-1.
    \2\ 17 CFR 242.608.
    \3\ The Participants are: Bats BYX Exchange, Inc., BATS BZX 
Exchange, Inc., Bats EDGA Exchange, Inc., Bats EDGX Exchange, Inc., 
Chicago Board Options Exchange, Inc., Chicago Stock Exchange, Inc., 
Financial Industry Regulatory Authority, Inc., International 
Securities Exchange, LLC, Investors' Exchange LLC, NASDAQ BX, Inc., 
NASDAQ PHLX, Inc., NASDAQ Stock Market LLC, New York Stock Exchange 
LLC, NYSE Arca, Inc., NYSE MKT LLC, and NYSE National, Inc.
    \4\ See Securities Exchange Act Release Nos. 10787 (May 10, 
1974), 39 FR 17799 (May 20, 1974) (declaring the CTA Plan 
effective); 15009 (July 28, 1978), 43 FR 34851 (August 7, 1978) 
(temporarily authorizing the CQ Plan); and 16518 (January 22, 1980), 
45 FR 6521 (January 28, 1980) (permanently authorizing the CQ Plan). 
The most recent restatement of both Plans was in 1995. The CTA Plan, 
pursuant to which markets collect and disseminate last sale price 
information for non-NASDAQ listed securities, is a ``transaction 
reporting plan'' under Rule 601 under the Act, 17 CFR 242.601, and a 
``national market system plan'' under Rule 608 under the Act, 17 CFR 
242.608. The CQ Plan, pursuant to which markets collect and 
disseminate bid/ask quotation information for listed securities, is 
a ``national market system plan'' under Rule 608 under the Act, 17 
CFR 242.608.
    \5\ 17 CFR 242.608(b)(3)(ii).
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I. Rule 608(a)

A. Purpose of the Amendments

    The Amendments effectuate changes that certain Participants have 
made to their names and addresses, as set forth in Section III(a) of 
the Plans.

B. Governing or Constituent Documents

    Not applicable.

C. Implementation of the Amendments

    Because the Amendments constitute ``Ministerial Amendments'' under 
both Section IV(b) of the CTA Plan and Section IV(c) under the CQ Plan, 
the Chairman of the Plan's Operating Committee may submit the 
Amendments to the Commission on behalf of the Participants in the 
Plans. Because the Participants have designated the Amendments as 
concerned solely with the administration of the Plans, the Amendments 
become effective upon filing with the Commission.

D. Development and Implementation Phases

    Not applicable.

E. Analysis of Impact on Competition

    The Participants assert that the Amendments do not impose any 
burden on competition because they merely effectuate a change in the 
names and addresses of certain Participants. For the same reasons, the 
Participants do not believe that the Amendments introduce terms that 
are unreasonably discriminatory for purposes of Section 11A(c)(1)(D) of 
the Exchange Act.

F. Written Understanding or Agreements Relating to Interpretation of, 
or Participation in, Plan

    Not applicable.

G. Approval by Sponsors in Accordance With Plan

    See Item I.C. above.

H. Description of Operation of Facility Contemplated by the Proposed 
Amendments

    Not applicable.

I. Terms and Conditions of Access

    Not applicable.

J. Method of Determination and Imposition, and Amount of, Fees and 
Charges

    Not applicable.

K. Method and Frequency of Processor Evaluation

    Not applicable.

L. Dispute Resolution

    Not applicable.

II. Rule 601(a)

A. Equity Securities for Which Transaction Reports Shall be Required by 
the Plan

    Not applicable.

B. Reporting Requirements

    Not applicable.

C. Manner of Collecting, Processing, Sequencing, Making Available and 
Disseminating Last Sale Information

    Not applicable.

D. Manner of Consolidation

    Not applicable.

E. Standards and Methods Ensuring Promptness, Accuracy and Completeness 
of Transaction Reports

    Not applicable.

F. Rules and Procedures Addressed to Fraudulent or Manipulative 
Dissemination

    Not applicable.

[[Page 35563]]

G. Terms of Access to Transaction Reports

    Not applicable.

H. Identification of Marketplace of Execution

    Not applicable.

III. Solicitation of Comments

    The Commission seeks general comments on the Amendments. Interested 
persons are invited to submit written data, views, and arguments 
concerning the foregoing, including whether the proposed Amendments are 
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-CTA/CQ-2017-03 on the subject line.

Paper Comments

     Send paper comments in triplicate to Brent J. Fields, 
Secretary, Securities and Exchange Commission, 100 F Street NE., 
Washington, DC 20549-1090.

All submissions should refer to File Number SR-CTA/CQ-2017-03. 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 Web site (http://www.sec.gov/rules/sro.shtml). Copies 
of the submission, all written statements with respect to the proposed 
Amendments that are filed with the Commission, and all written 
communications relating to the proposed Amendments 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 Web site viewing and printing at 
the principal office of the Plans. 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-CTA/CQ-2017-03 and should be submitted on or before 
August 21, 2017.

    By the Commission.
Brent J. Fields,
Secretary.
[FR Doc. 2017-16000 Filed 7-28-17; 8:45 am]
BILLING CODE 8011-01-P

35562 Federal Register / Vol. 82, No. 145 / Monday, July 31, 2017 / Notices that the Exchange will provide further These amendments represent the E. Analysis of Impact on Competition notifications to members to ensure Twenty-Eighth Substantive Amendment The Participants assert that the clarity about the delay of to the CTA Plan and the Twentieth Amendments do not impose any burden implementation of these Amendment to the CQ Plan on competition because they merely functionalities.84 The Commission (‘‘Amendments’’). The Amendments effectuate a change in the names and believes that the proposed rule change seek to amend the Plans in order to addresses of certain Participants. For the helps ensure clarity about the delay of reflect changes to the names and same reasons, the Participants do not implementation of this functionality. addresses of certain Participants, as set believe that the Amendments introduce For these reasons, the Commission forth in Section III(a) of the Plans. terms that are unreasonably believes that the proposed rule change Pursuant to Rule 608(b)(3)(ii) under discriminatory for purposes of Section is consistent with the Act. Regulation NMS,5 the Participants 11A(c)(1)(D) of the Exchange Act. designate the Amendments as IV. Conclusion concerned solely with the F. Written Understanding or Agreements It is Therefore Ordered, pursuant to administration of the Plans and as Relating to Interpretation of, or Section 19(b)(2) of the Act,85 that the ‘‘Ministerial Amendments’’ under both Participation in, Plan proposed rule change (SR–MRX–2017– Section IV(b) of the CTA Plan and 02) be, and hereby is, approved. Not applicable. Section IV(c) of the CQ Plan. As a result, For the Commission, by the Division of the Amendments were effective upon G. Approval by Sponsors in Accordance Trading and Markets, pursuant to delegated filing and were submitted by the With Plan authority.86 Chairman of the Plan’s Operating Committee. The Commission is See Item I.C. above. Eduardo A. Aleman, Assistant Secretary. publishing this notice to solicit H. Description of Operation of Facility [FR Doc. 2017–15994 Filed 7–28–17; 8:45 am] comments from interested persons on Contemplated by the Proposed BILLING CODE 8011–01–P the proposed Amendments. Amendments I. Rule 608(a) Not applicable. SECURITIES AND EXCHANGE A. Purpose of the Amendments I. Terms and Conditions of Access COMMISSION The Amendments effectuate changes Not applicable. [Release No. 34–81199; File No. SR–CTA/ that certain Participants have made to their names and addresses, as set forth J. Method of Determination and CQ–2017–03] in Section III(a) of the Plans. Imposition, and Amount of, Fees and Consolidated Tape Association; Notice Charges B. Governing or Constituent Documents of Filing and Immediate Effectiveness Not applicable. of the Twenty-Eight Substantive Not applicable. Amendment to the Second K. Method and Frequency of Processor C. Implementation of the Amendments Evaluation Restatement of the CTA Plan and the Twentieth Amendment to the Restated Because the Amendments constitute Not applicable. CQ Plan ‘‘Ministerial Amendments’’ under both Section IV(b) of the CTA Plan and L. Dispute Resolution July 25, 2017. Section IV(c) under the CQ Plan, the Not applicable. Pursuant to Section 11A of the Chairman of the Plan’s Operating Securities Exchange Act of 1934 Committee may submit the II. Rule 601(a) (‘‘Act’’),1 and Rule 608 thereunder,2 Amendments to the Commission on A. Equity Securities for Which notice is hereby given that on June 30, behalf of the Participants in the Plans. Transaction Reports Shall be Required 2017, the Consolidated Tape Because the Participants have by the Plan Association (‘‘CTA’’) Plan participants designated the Amendments as (‘‘Participants’’) 3 filed with the concerned solely with the Not applicable. Securities and Exchange Commission administration of the Plans, the (‘‘Commission’’) a proposal to amend B. Reporting Requirements Amendments become effective upon the Second Restatement of the CTA Plan filing with the Commission. Not applicable. and the Restated Consolidated Quotation (‘‘CQ’’) Plan (‘‘Plans’’).4 D. Development and Implementation C. Manner of Collecting, Processing, Phases Sequencing, Making Available and 84 See id. Not applicable. Disseminating Last Sale Information 85 15 U.S.C. 78s(b)(2). 86 17 CFR 200.30–3(a)(12). Not applicable. 1978), 43 FR 34851 (August 7, 1978) (temporarily 1 15 U.S.C. 78k–1. authorizing the CQ Plan); and 16518 (January 22, D. Manner of Consolidation 2 17 CFR 242.608. 1980), 45 FR 6521 (January 28, 1980) (permanently 3 The Participants are: Bats BYX Exchange, Inc., authorizing the CQ Plan). The most recent Not applicable. BATS BZX Exchange, Inc., Bats EDGA Exchange, restatement of both Plans was in 1995. The CTA Inc., Bats EDGX Exchange, Inc., Chicago Board Plan, pursuant to which markets collect and E. Standards and Methods Ensuring Options Exchange, Inc., Chicago Stock Exchange, disseminate last sale price information for non- Promptness, Accuracy and sradovich on DSKBCFCHB2PROD with NOTICES Inc., Financial Industry Regulatory Authority, Inc., NASDAQ listed securities, is a ‘‘transaction Completeness of Transaction Reports International Securities Exchange, LLC, Investors’ reporting plan’’ under Rule 601 under the Act, 17 Exchange LLC, NASDAQ BX, Inc., NASDAQ PHLX, CFR 242.601, and a ‘‘national market system plan’’ Not applicable. Inc., NASDAQ Stock Market LLC, New York Stock under Rule 608 under the Act, 17 CFR 242.608. The Exchange LLC, NYSE Arca, Inc., NYSE MKT LLC, CQ Plan, pursuant to which markets collect and F. Rules and Procedures Addressed to and NYSE National, Inc. disseminate bid/ask quotation information for listed Fraudulent or Manipulative 4 See Securities Exchange Act Release Nos. 10787 securities, is a ‘‘national market system plan’’ under Dissemination (May 10, 1974), 39 FR 17799 (May 20, 1974) Rule 608 under the Act, 17 CFR 242.608. (declaring the CTA Plan effective); 15009 (July 28, 5 17 CFR 242.608(b)(3)(ii). Not applicable. VerDate Sep<11>2014 17:38 Jul 28, 2017 Jkt 241001 PO 00000 Frm 00056 Fmt 4703 Sfmt 4703 E:\FR\FM\31JYN1.SGM 31JYN1

Federal Register / Vol. 82, No. 145 / Monday, July 31, 2017 / Notices 35563 G. Terms of Access to Transaction By the Commission. II. Clearing Agency’s Statement of the Reports Brent J. Fields, Purpose of, and Statutory Basis for, the Not applicable. Secretary. Proposed Rule Change [FR Doc. 2017–16000 Filed 7–28–17; 8:45 am] In its filing with the Commission, the H. Identification of Marketplace of clearing agency included statements Execution BILLING CODE 8011–01–P concerning the purpose of and basis for Not applicable. the proposed rule change and discussed III. Solicitation of Comments SECURITIES AND EXCHANGE any comments it received on the COMMISSION proposed rule change. The text of these The Commission seeks general statements may be examined at the comments on the Amendments. places specified in Item IV below. The Interested persons are invited to submit [Release No. 34–81203; File No. SR–NSCC– clearing agency has prepared written data, views, and arguments 2017–010] summaries, set forth in sections A, B, concerning the foregoing, including and C below, of the most significant whether the proposed Amendments are Self-Regulatory Organizations; National Securities Clearing aspects of such statements. consistent with the Act. Comments may be submitted by any of the following Corporation; Notice of Filing of a (A) Clearing Agency’s Statement of the methods: Proposed Rule Change To Expand the Purpose of, and Statutory Basis for, the Application of the Family-Issued Proposed Rule Change Electronic Comments Securities Charge 1. Purpose • Use the Commission’s Internet comment form (http://www.sec.gov/ July 25, 2017. Currently, in calculating its Members’ rules/sro.shtml); or Pursuant to Section 19(b)(1) of the required deposits to the Clearing Fund, • Send an email to rule-comments@ Securities Exchange Act of 1934 NSCC excludes positions in Family- sec.gov. Please include File Number SR– Issued Securities of certain Members (‘‘Act’’) 1 and Rule 19b–4 thereunder,2 CTA/CQ–2017–03 on the subject line. from its parametric volatility Clearing notice is hereby given that on July 10, Fund component (‘‘VaR Charge’’), and Paper Comments 2017, National Securities Clearing instead charges an amount calculated by • Send paper comments in triplicate Corporation (‘‘NSCC’’) filed with the multiplying the absolute value of the to Brent J. Fields, Secretary, Securities Securities and Exchange Commission long, net unsettled positions in that and Exchange Commission, 100 F Street (‘‘Commission’’) the proposed rule Member’s Family-Issued Securities by a NE., Washington, DC 20549–1090. change as described in Items I, II and III percentage that is no less than 40 All submissions should refer to File below, which Items have been prepared percent (‘‘FIS Charge’’). The FIS Charge Number SR–CTA/CQ–2017–03. This file by the clearing agency.3 The is currently only applied to Members number should be included on the Commission is publishing this notice to that are rated 5, 6, or 7 on the Credit subject line if email is used. To help the solicit comments on the proposed rule Risk Rating Matrix (‘‘CRRM’’). The Commission process and review your change from interested persons. proposed change would expand the comments more efficiently, please use application of the FIS Charge to the only one method. The Commission will I. Clearing Agency’s Statement of the positions in Family-Issued Securities of post all comments on the Commission’s Terms of Substance of the Proposed all Members to help NSCC cover the Web site (http://www.sec.gov/rules/ Rule Change specific wrong-way risk posed by sro.shtml). Copies of the submission, all Family-Issued Securities, as described The proposed change consists of written statements with respect to the further below.6 Therefore, NSCC is proposed Amendments that are filed amendments to the NSCC Rules and Procedures (‘‘Rules’’) 4 in order to (i) proposing to amend (i) Rule 1 with the Commission, and all written (Definitions and Descriptions) to add a communications relating to the expand the application of NSCC’s existing family-issued securities charge 5 definition of ‘‘Family-Issued Security,’’ proposed Amendments between the and (ii) Procedure XV (Clearing Fund Commission and any person, other than to apply to all Members, as described below, and (ii) include a definition of Formula and Other Matters) to expand those that may be withheld from the the application of the FIS Charge to all public in accordance with the ‘‘Family-Issued Security’’ as a security Members by moving the description of provisions of 5 U.S.C. 552, will be that was issued by a Member or by an FIS Charge from Section I.(B)(1) to available for Web site viewing and affiliate of that Member, as described in Sections I.(A)(1) and I.(A)(2) in order to printing in the Commission’s Public greater detail below. make clear that the FIS Charge would be Reference Room, 100 F Street NE., included as a component of the Clearing Washington, DC 20549, on official 1 15 U.S.C. 78s(b)(1). Fund formula calculated for all business days between the hours of 2 17 CFR 240.19b–4. Members. 3 On July 10, 2017, NSCC filed this proposed rule 10:00 a.m. and 3:00 p.m. Copies of the As a central counterparty, NSCC change as an advance notice (SR–NSCC–2017–804) filing also will be available for Web site with the Commission pursuant to Section 806(e)(1) occupies an important role in the viewing and printing at the principal of the Dodd-Frank Wall Street Reform and securities settlement system by office of the Plans. All comments Consumer Protection Act entitled the Payment, interposing itself between received will be posted without change; Clearing, and Settlement Supervision Act of 2010, 12 U.S.C. 5465(e)(1), and Rule 19b–4(n)(1)(i) of the counterparties to financial transactions the Commission does not edit personal sradovich on DSKBCFCHB2PROD with NOTICES Act, 17 CFR 240.19b–4(n)(1)(i). A copy of the and thereby reducing the risk faced by identifying information from advance notice is available at http://www.dtcc.com/ participants and contributing to global submissions. You should submit only legal/sec-rule-filings.aspx. financial stability. The effectiveness of a information that you wish to make 4 Terms not defined herein are defined in the central counterparty’s risk controls and available publicly. All submissions Rules, available at www.dtcc.com/∼/media/Files/ Downloads/legal/rules/nscc_rules.pdf. the adequacy of its financial resources should refer to File Number SR–CTA/ 5 The family-issued securities charge is currently CQ–2017–03 and should be submitted described in Procedure XV, Section I.(B)(1) of the 6 Members that do not trade in Family-Issued on or before August 21, 2017. Rules, supra note 4. Securities would not be subject to the FIS Charge. VerDate Sep<11>2014 17:38 Jul 28, 2017 Jkt 241001 PO 00000 Frm 00057 Fmt 4703 Sfmt 4703 E:\FR\FM\31JYN1.SGM 31JYN1


Document Created: 2017-07-29 00:21:10
Document Modified: 2017-07-29 00:21:10
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 35562 
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