82 FR 36008 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change in Connection With the September 5, 2017 Compliance Date for the Shortening of the Standard Settlement Cycle From Three Business Days After the Trade Date to Two Business Days After the Trade Date

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 82, Issue 147 (August 2, 2017)

Page Range		36008-36009
FR Document		2017-16211
Federal Register, Volume 82 Issue 147 (Wednesday, August 2, 2017)
[Federal Register Volume 82, Number 147 (Wednesday, August 2, 2017)]
[Notices]
[Pages 36008-36009]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-16211]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-81231; File No. SR-NYSE-2017-38]


Self-Regulatory Organizations; New York Stock Exchange LLC; 
Notice of Filing and Immediate Effectiveness of Proposed Rule Change in 
Connection With the September 5, 2017 Compliance Date for the 
Shortening of the Standard Settlement Cycle From Three Business Days 
After the Trade Date to Two Business Days After the Trade Date

July 27, 2017.
    Pursuant to Section 19(b)(1) \1\ of the Securities Exchange Act of 
1934 (the ``Act'') \2\ and Rule 19b-4 thereunder,\3\ notice is hereby 
given that on July 26, 2017, New York Stock Exchange LLC (``NYSE'' or 
the ``Exchange'') filed with the Securities and Exchange Commission 
(the ``Commission'') the proposed rule change as described in Items I, 
II, and III below, which Items have been prepared by the self-
regulatory organization. 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\ 15 U.S.C. 78a.
    \3\ 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 in connection with the September 5, 2017 
compliance date for the shortening of the standard settlement cycle 
from three business days after the trade date (``T+3'') to two business 
days after the trade date (``T+2''), to (1) delete NYSE Rule 282.65 
(Failure to Deliver and Liability Notice Procedures) (``Rule 282.65'') 
and Section 703.02 (part 2) (Stock Split/Stock Rights/Stock Dividend 
Listing Process) (``Section 703.02 (part 2)'') of the NYSE Listed 
Company Manual (``Listed Company Manual''); (2) delete the preamble and 
``T'' modifier from NYSE Rule 282.65T (Failure to Deliver and Liability 
Notice Procedures) (``Rule 282.65T'') and Section 703.02T (part 2) 
(Stock Split/Stock Rights/Stock Dividend Listing Process) (``Section 
703.02T'') of Listed Company Manual; and (3) establish the operative 
date of Rule 282.65T and Section 703.02T of the Listed Company Manual. 
The proposed rule change is available on the Exchange's Web site at 
www.nyse.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 self-regulatory organization 
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 those 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 parts of such statements.

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

1. Purpose
    In connection with the September 5, 2017 compliance date for 
shortening of the standard settlement cycle from T+3 to T+2, the 
Exchange proposes to (1) delete Rule 282.65 and Section 703.02 (part 2) 
of the Listed Company Manual; (2) delete the preamble and ``T'' 
modifier from Rule 282.65T and Section 703.02T of the Listed Company 
Manual; and (3) establish the operative date of Rule 282.65T and 
Section 703.02T of the Listed Company Manual as September 5, 2017.
Background
    On September 28, 2016, the Securities and Exchange Commission 
(``SEC'') proposed amendments to Rule 15c6-1(a) to shorten the standard 
settlement cycle from T+3 to T+2.\4\ Following this action by the SEC, 
the Exchange adopted new rules with the modifier ``T'' to reflect a T+2 
settlement cycle.\5\ Because the Exchange would not implement the new 
rules until after the final implementation of T+2, the Exchange 
retained the versions of the rules reflecting T+3 settlement on its 
books. Certain of these rules have since been deleted in connection 
with the Exchange's elimination of non-regular way trading.\6\ In order 
to reduce the potential for confusion regarding which version of the 
rule governs, the Exchange added explanatory preambles, provided below.
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    \4\ See Securities Exchange Act Release No. 78962 (September 28, 
2016), 81 FR 69240 (October 5, 2016) (File No. S7-22-16).
    \5\ See Securities Exchange Act Release No. 80021 (February 104, 
2017), 82 FR 10931 (February 16, 2017) (SR-NYSE-2016-87).
    \6\ See Securities Exchange Act Release No. 811762 (July 20, 
2017) (SR-NYSE-2017-33).
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    In particular, the following preamble was added to the Rule 282.65 
and Section 703.02 (part 2):
    ``This version of . . . will remain operative until the Exchange 
files separate proposed rule changes as necessary to establish the 
operative date of . . . , to delete this version of . . . and preamble, 
and to remove the preamble text from the version of . . . . In addition 
to filing the necessary proposed rule changes, the Exchange will 
announce via Information Memo the operative date of the deletion of 
this Rule and implementation of . . .''
    The following preamble was added to the Rule 282.65T and Section 
703.02T:
    ``The Exchange will file separate proposed rule changes to 
establish the operative date of . . . , to delete . . . and the 
preamble text from . . . , and to remove the preamble text from the 
version of . . . . Until such time, . . . will remain operative. In 
addition to filing the necessary proposed rule changes, the Exchange 
will announce via Information Memo the implementation of this Rule and 
the operative date of the deletion of . . .''
    On March 22, 2017, the SEC adopted the proposed amendment to Rule 
15c6-1(a) under the Act \7\ with a compliance date of September 5, 
2017.\8\
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    \7\ See 17 CFR 240.15c6-1(a).
    \8\ See Securities Exchange Act Release No. 80295 (March 22, 
2017), 82 FR 15564 (March 29, 2017) (File No. S7-22-16).
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Proposed Rule Change
    In order to comply with the September 5, 2017, transition to T+2 
settlement, the Exchange proposes to:
     Delete Rule 282.65 and Section 703.02 (part 2), including 
the preambles, in their entirety;

[[Page 36009]]

     delete the preambles to Rule 282.65T Section 703.02T; and
     delete the ``T'' modifier in Rule 282.65T and Section 
703.02T, which distinguished such rules from the T+3 rules.
    The Exchange proposes that the changes described herein would take 
effect on September 5, 2017, to coincide with the transition to T+2. 
The Exchange will announce via Information Memo the implementation of 
Rule 282.65T and Section 703.02T of the Listed Company Manual and the 
operative date of the deletion of Rule 282.65 and Section 703.02 (part 
2).
2. Statutory Basis
    The Exchange believes that the proposed rule change is consistent 
with Section 6(b) of the Act,\9\ in general, and further the objectives 
of Section 6(b)(5) of the Act,\10\ in particular, because it is 
designed to prevent fraudulent and manipulative acts and practices, 
promote just and equitable principles of trade, 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.
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    \9\ 15 U.S.C. 78f(b).
    \10\ 15 U.S.C. 78f(b)(5).
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    In particular, the Exchange believes that the proposed changes 
remove impediments to and perfect the mechanism of a free and open 
market by adding clarity as to which rules are operative and when, 
thereby reducing potential confusion, and making the Exchange's rules 
easier to navigate. The Exchange also believes that eliminating 
obsolete material from its rulebook and Listed Company Manual also 
removes impediments to and perfects the mechanism of a free and open 
market by removing confusion that may result from having obsolete 
material in the Exchange's rulebook and Listed Company Manual. The 
Exchange believes that eliminating such obsolete material would not be 
inconsistent with the public interest and the protection of investors 
because investors will not be harmed and in fact would benefit from 
increased transparency, thereby reducing potential confusion.

B. Self-Regulatory Organization's Statement on Burden on Competition

    The Exchange does not believe that the proposed rule change would 
impose any burden on competition that is not necessary or appropriate 
in furtherance of the purposes of the Act. The proposed change is not 
designed to address any competitive issue but rather facilitate the 
industry's transition to a T+2 regular-way settlement cycle. The 
Exchange also believes that the proposed rule change will serve to 
promote clarity and consistency, thereby reducing burdens on the 
marketplace and facilitating investor protection.

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

    No written comments were solicited or received with respect to the 
proposed rule change.

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

    The Exchange has filed the proposed rule change pursuant to Section 
19(b)(3)(A)(iii) of the Act \11\ and Rule 19b-4(f)(6) thereunder.\12\ 
Because the 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 prior to 
30 days from the date on which it was filed, or such shorter time as 
the Commission may designate, if consistent with the protection of 
investors and the public interest, the proposed rule change has become 
effective pursuant to Section 19(b)(3)(A) of the Act and Rule 19b-
4(f)(6)(iii) thereunder.\13\
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    \11\ 15 U.S.C. 78s(b)(3)(A).
    \12\ 17 CFR 240.19b-4(f)(6).
    \13\ 17 CFR 240.19b-4(f)(6). In addition, Rule 19b-4(f)(6)(iii) 
requires the Exchange to give the Commission written notice of the 
Exchange's intent to file the proposed rule change, along with a 
brief description and text of 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 such proposed rule 
change, the Commission summarily may temporarily suspend such rule 
change if it appears to the Commission that such action is necessary or 
appropriate in the public interest, for the protection of investors, or 
otherwise in furtherance of the purposes of the Act. If the Commission 
takes such action, the Commission shall institute proceedings under 
Section 19(b)(2)(B) \14\ of the Act to determine whether the proposed 
rule change should be approved or disapproved.
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    \14\ 15 U.S.C. 78s(b)(2)(B).
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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 rule-comments@sec.gov. Please include 
File Number SR-NYSE-2017-38 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-NYSE-2017-38. 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-NYSE-2017-38 and should be 
submitted on or before August 23, 2017.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\15\
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    \15\ 17 CFR 200.30-3(a)(12).
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Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017-16211 Filed 8-1-17; 8:45 am]
 BILLING CODE 8011-01-P
36008 Federal Register / Vol. 82, No. 147 / Wednesday, August 2, 2017 / Notices

Thursday, August 7, 2017, at 9:00 a.m. settlement cycle from three business cycle from T+3 to T+2.4 Following this
1. Financial Matters. days after the trade date (‘‘T+3’’) to two action by the SEC, the Exchange
2. Strategic Issues. business days after the trade date adopted new rules with the modifier
3. Personnel Matters and (‘‘T+2’’), to (1) delete NYSE Rule 282.65 ‘‘T’’ to reflect a T+2 settlement cycle.5
Compensation Issues. (Failure to Deliver and Liability Notice Because the Exchange would not
Procedures) (‘‘Rule 282.65’’) and Section implement the new rules until after the
4. Executive Session—Discussion of
703.02 (part 2) (Stock Split/Stock final implementation of T+2, the
prior agenda items and Temporary
Rights/Stock Dividend Listing Process) Exchange retained the versions of the
Emergency Committee governance.
(‘‘Section 703.02 (part 2)’’) of the NYSE rules reflecting T+3 settlement on its
GENERAL COUNSEL CERTIFICATION: The books. Certain of these rules have since
Listed Company Manual (‘‘Listed
General Counsel of the United States Company Manual’’); (2) delete the been deleted in connection with the
Postal Service has certified that the preamble and ‘‘T’’ modifier from NYSE Exchange’s elimination of non-regular
meeting may be closed under the Rule 282.65T (Failure to Deliver and way trading.6 In order to reduce the
Government in the Sunshine Act. Liability Notice Procedures) (‘‘Rule potential for confusion regarding which
CONTACT PERSON FOR MORE INFORMATION: 282.65T’’) and Section 703.02T (part 2) version of the rule governs, the
Julie S. Moore, Secretary of the Board, (Stock Split/Stock Rights/Stock Exchange added explanatory preambles,
U.S. Postal Service, 475 L’Enfant Plaza Dividend Listing Process) (‘‘Section provided below.
SW., Washington, DC 20260–1000. 703.02T’’) of Listed Company Manual; In particular, the following preamble
Telephone: (202) 268–4800. and (3) establish the operative date of was added to the Rule 282.65 and
Rule 282.65T and Section 703.02T of Section 703.02 (part 2):
Julie S. Moore, ‘‘This version of . . . will remain
Secretary.
the Listed Company Manual. The
proposed rule change is available on the operative until the Exchange files
[FR Doc. 2017–16301 Filed 7–31–17; 11:15 am]
Exchange’s Web site at www.nyse.com, separate proposed rule changes as
BILLING CODE 7710–12–P
at the principal office of the Exchange, necessary to establish the operative date
and at the Commission’s Public of . . . , to delete this version of . . .
Reference Room. and preamble, and to remove the
SECURITIES AND EXCHANGE preamble text from the version of . . . .
COMMISSION II. Self-Regulatory Organization’s In addition to filing the necessary
Statement of the Purpose of, and proposed rule changes, the Exchange
[Release No. 34–81231; File No. SR–NYSE– Statutory Basis for, the Proposed Rule will announce via Information Memo
2017–38]
Change the operative date of the deletion of this
Self-Regulatory Organizations; New In its filing with the Commission, the Rule and implementation of . . .’’
York Stock Exchange LLC; Notice of self-regulatory organization included The following preamble was added to
Filing and Immediate Effectiveness of statements concerning the purpose of, the Rule 282.65T and Section 703.02T:
Proposed Rule Change in Connection ‘‘The Exchange will file separate
and basis for, the proposed rule change
With the September 5, 2017 proposed rule changes to establish the
and discussed any comments it received
Compliance Date for the Shortening of operative date of . . . , to delete . . .
on the proposed rule change. The text
the Standard Settlement Cycle From and the preamble text from . . . , and
of those statements may be examined at
Three Business Days After the Trade to remove the preamble text from the
the places specified in Item IV below.
Date to Two Business Days After the version of . . . . Until such time, . . .
The Exchange has prepared summaries,
Trade Date will remain operative. In addition to
set forth in sections A, B, and C below,
filing the necessary proposed rule
of the most significant parts of such
July 27, 2017. changes, the Exchange will announce
statements.
Pursuant to Section 19(b)(1) 1 of the via Information Memo the
Securities Exchange Act of 1934 (the A. Self-Regulatory Organization’s implementation of this Rule and the
‘‘Act’’) 2 and Rule 19b–4 thereunder,3 Statement of the Purpose of, and the operative date of the deletion of . . .’’
notice is hereby given that on July 26, Statutory Basis for, the Proposed Rule On March 22, 2017, the SEC adopted
2017, New York Stock Exchange LLC Change the proposed amendment to Rule 15c6–
(‘‘NYSE’’ or the ‘‘Exchange’’) filed with 1(a) under the Act 7 with a compliance
1. Purpose date of September 5, 2017.8
the Securities and Exchange
Commission (the ‘‘Commission’’) the In connection with the September 5,
Proposed Rule Change
proposed rule change as described in 2017 compliance date for shortening of
Items I, II, and III below, which Items the standard settlement cycle from T+3 In order to comply with the
have been prepared by the self- to T+2, the Exchange proposes to (1) September 5, 2017, transition to T+2
regulatory organization. The delete Rule 282.65 and Section 703.02 settlement, the Exchange proposes to:
(part 2) of the Listed Company Manual; • Delete Rule 282.65 and Section
Commission is publishing this notice to
(2) delete the preamble and ‘‘T’’ 703.02 (part 2), including the preambles,
solicit comments on the proposed rule
modifier from Rule 282.65T and Section in their entirety;
change from interested persons.
703.02T of the Listed Company Manual;
I. Self-Regulatory Organization’s and (3) establish the operative date of
4 See Securities Exchange Act Release No. 78962

Statement of the Terms of Substance of (September 28, 2016), 81 FR 69240 (October 5,
Rule 282.65T and Section 703.02T of 2016) (File No. S7–22–16).
the Proposed Rule Change
sradovich on DSKBCFCHB2PROD with NOTICES

the Listed Company Manual as 5 See Securities Exchange Act Release No. 80021

The Exchange proposes in connection September 5, 2017. (February 104, 2017), 82 FR 10931 (February 16,
2017) (SR–NYSE–2016–87).
with the September 5, 2017 compliance Background 6 See Securities Exchange Act Release No. 811762
date for the shortening of the standard (July 20, 2017) (SR–NYSE–2017–33).
On September 28, 2016, the Securities 7 See 17 CFR 240.15c6–1(a).
1 15 U.S.C. 78s(b)(1). and Exchange Commission (‘‘SEC’’) 8 See Securities Exchange Act Release No. 80295
2 15 U.S.C. 78a. proposed amendments to Rule 15c6– (March 22, 2017), 82 FR 15564 (March 29, 2017)
3 17 CFR 240.19b–4. 1(a) to shorten the standard settlement (File No. S7–22–16).

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Federal Register / Vol. 82, No. 147 / Wednesday, August 2, 2017 / Notices 36009

• delete the preambles to Rule T+2 regular-way settlement cycle. The change is consistent with the Act.
282.65T Section 703.02T; and Exchange also believes that the Comments may be submitted by any of
• delete the ‘‘T’’ modifier in Rule proposed rule change will serve to the following methods:
282.65T and Section 703.02T, which promote clarity and consistency,
distinguished such rules from the T+3 thereby reducing burdens on the Electronic Comments
rules. marketplace and facilitating investor • Use the Commission’s Internet
The Exchange proposes that the protection. comment form (http://www.sec.gov/
changes described herein would take
C. Self-Regulatory Organization’s rules/sro.shtml); or
effect on September 5, 2017, to coincide
with the transition to T+2. The Statement on Comments on the • Send an email to rule-comments@
Exchange will announce via Information Proposed Rule Change Received From sec.gov. Please include File Number SR–
Memo the implementation of Rule Members, Participants, or Others NYSE–2017–38 on the subject line.
282.65T and Section 703.02T of the No written comments were solicited
or received with respect to the proposed Paper Comments
Listed Company Manual and the
operative date of the deletion of Rule rule change. • Send paper comments in triplicate
282.65 and Section 703.02 (part 2). III. Date of Effectiveness of the to Brent J. Fields, Secretary, Securities
2. Statutory Basis Proposed Rule Change and Timing for and Exchange Commission, 100 F Street
Commission Action NE., Washington, DC 20549–1090.
The Exchange believes that the
proposed rule change is consistent with The Exchange has filed the proposed All submissions should refer to File
Section 6(b) of the Act,9 in general, and rule change pursuant to Section Number SR–NYSE–2017–38. This file
further the objectives of Section 6(b)(5) 19(b)(3)(A)(iii) of the Act 11 and Rule number should be included on the
of the Act,10 in particular, because it is 19b–4(f)(6) thereunder.12 Because the subject line if email is used. To help the
designed to prevent fraudulent and proposed rule change does not: (i) Commission process and review your
manipulative acts and practices, Significantly affect the protection of comments more efficiently, please use
promote just and equitable principles of investors or the public interest; (ii) only one method. The Commission will
trade, remove impediments to and impose any significant burden on post all comments on the Commission’s
perfect the mechanism of a free and competition; and (iii) become operative Internet Web site (http://www.sec.gov/
open market and a national market prior to 30 days from the date on which rules/sro.shtml). Copies of the
system, and, in general, to protect it was filed, or such shorter time as the submission, all subsequent
investors and the public interest. Commission may designate, if amendments, all written statements
In particular, the Exchange believes consistent with the protection of with respect to the proposed rule
that the proposed changes remove investors and the public interest, the change that are filed with the
impediments to and perfect the proposed rule change has become Commission, and all written
mechanism of a free and open market by effective pursuant to Section 19(b)(3)(A)
communications relating to the
adding clarity as to which rules are of the Act and Rule 19b–4(f)(6)(iii)
proposed rule change between the
operative and when, thereby reducing thereunder.13
At any time within 60 days of the Commission and any person, other than
potential confusion, and making the those that may be withheld from the
Exchange’s rules easier to navigate. The filing of such proposed rule change, the
Commission summarily may public in accordance with the
Exchange also believes that eliminating provisions of 5 U.S.C. 552, will be
obsolete material from its rulebook and temporarily suspend such rule change if
it appears to the Commission that such available for Web site viewing and
Listed Company Manual also removes printing in the Commission’s Public
impediments to and perfects the action is necessary or appropriate in the
public interest, for the protection of Reference Room, 100 F Street NE.,
mechanism of a free and open market by Washington, DC 20549 on official
removing confusion that may result investors, or otherwise in furtherance of
the purposes of the Act. If the business days between the hours of
from having obsolete material in the 10:00 a.m. and 3:00 p.m. Copies of the
Exchange’s rulebook and Listed Commission takes such action, the
Commission shall institute proceedings filing also will be available for
Company Manual. The Exchange
under Section 19(b)(2)(B) 14 of the Act to inspection and copying at the principal
believes that eliminating such obsolete
determine whether the proposed rule office of the Exchange. All comments
material would not be inconsistent with
change should be approved or received will be posted without change;
the public interest and the protection of
disapproved. the Commission does not edit personal
investors because investors will not be
identifying information from
harmed and in fact would benefit from IV. Solicitation of Comments submissions. You should submit only
increased transparency, thereby
Interested persons are invited to information that you wish to make
reducing potential confusion.
submit written data, views, and available publicly. All submissions
B. Self-Regulatory Organization’s arguments concerning the foregoing, should refer to File Number SR–NYSE–
Statement on Burden on Competition including whether the proposed rule 2017–38 and should be submitted on or
The Exchange does not believe that before August 23, 2017.
11 15 U.S.C. 78s(b)(3)(A).
the proposed rule change would impose For the Commission, by the Division of
12 17 CFR 240.19b–4(f)(6).
any burden on competition that is not 13 17 CFR 240.19b–4(f)(6). In addition, Rule 19b–
Trading and Markets, pursuant to delegated
sradovich on DSKBCFCHB2PROD with NOTICES

necessary or appropriate in furtherance 4(f)(6)(iii) requires the Exchange to give the authority.15
of the purposes of the Act. The Commission written notice of the Exchange’s intent Eduardo A. Aleman,
proposed change is not designed to to file the proposed rule change, along with a brief
description and text of the proposed rule change, Assistant Secretary.
address any competitive issue but rather
at least five business days prior to the date of filing [FR Doc. 2017–16211 Filed 8–1–17; 8:45 am]
facilitate the industry’s transition to a of the proposed rule change, or such shorter time
BILLING CODE 8011–01–P
as designated by the Commission. The Exchange
9 15 U.S.C. 78f(b). has satisfied this requirement.
10 15 U.S.C. 78f(b)(5). 14 15 U.S.C. 78s(b)(2)(B). 15 17 CFR 200.30–3(a)(12).

VerDate Sep<11>2014 19:43 Aug 01, 2017 Jkt 241001 PO 00000 Frm 00084 Fmt 4703 Sfmt 9990 E:\FR\FM\02AUN1.SGM 02AUN1
Document Created: 2017-08-02 07:09:30
Document Modified: 2017-08-02 07:09:30
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 36008