82_FR_36324 82 FR 36176 - Self-Regulatory Organizations; C2 Options Exchange, Incorporated; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Rule 6.1, Days and Hours of Business, To Clarify the Trading Hours for Options on Index-Linked Exchangeable Notes

82 FR 36176 - Self-Regulatory Organizations; C2 Options Exchange, Incorporated; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Rule 6.1, Days and Hours of Business, To Clarify the Trading Hours for Options on Index-Linked Exchangeable Notes

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 82, Issue 148 (August 3, 2017)

Page Range36176-36178
FR Document2017-16396

Federal Register, Volume 82 Issue 148 (Thursday, August 3, 2017)
[Federal Register Volume 82, Number 148 (Thursday, August 3, 2017)]
[Notices]
[Pages 36176-36178]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-16396]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-81261; File No. SR-C2-2017-022]


Self-Regulatory Organizations; C2 Options Exchange, Incorporated; 
Notice of Filing and Immediate Effectiveness of a Proposed Rule Change 
To Amend Rule 6.1, Days and Hours of Business, To Clarify the Trading 
Hours for Options on Index-Linked Exchangeable Notes

July 31, 2017.
    Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 
(the ``Act''),\1\ and Rule 19b-4 thereunder,\2\ notice is hereby given 
that on July 18, 2017, C2 Options Exchange, Incorporated (the 
``Exchange'' or ``C2'') filed with the Securities and Exchange 
Commission (the ``Commission'') the proposed rule change as described 
in Items I and II, below, which Items have been prepared by the 
Exchange. The Exchange filed the proposal as a ``non-controversial'' 
proposed rule change pursuant to Section 19(b)(3)(A)(iii) of the Act 
\3\ and Rule 19b-4(f)(6) thereunder.\4\ 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.
    \3\ 15 U.S.C. 78s(b)(3)(A)(iii).
    \4\ 17 CFR 240.19b-4(f)(6).
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I. Self-Regulatory Organization's Statement of the Terms of Substance 
of the Proposed Rule Change

    The purpose of this filing is to amend C2 Rule 6.1 to clarify the 
trading hours for options on Index-Linked

[[Page 36177]]

Exchangeable Notes (``ETNs'').\5\ The text of the proposed rule change 
is provided below.
---------------------------------------------------------------------------

    \5\ An Index-Linked Exchangeable Note is exchangeable debt 
security that is exchangeable at the option of the holder (subject 
to the requirement that the holder in most circumstances exchange a 
specified minimum amount of notes), on call by the issuer, or at 
maturity for a cash amount based on the reported market prices of 
the underlying stocks of an underlying index. See Rule 1.1.
---------------------------------------------------------------------------

(additions are underlined; deletions are [bracketed])
* * * * *

C2 Options Exchange, Incorporated Rules

* * * * *

Rule 6.1. Days and Hours of Business

    The hours during which option transactions may be made on the 
Exchange shall be from 8:30 a.m. Chicago Time to 3:00 p.m. Chicago Time 
except for option contracts on Index Options, Index-Linked Exchangeable 
Notes, Index Portfolio Shares, Index Portfolio Receipts, and Trust 
Issued Receipts which may remain open for trading beyond 3:00 p.m. but 
in no case later than 3:15 p.m. Chicago Time, as designated by the 
Exchange.
* * * * *
    The text of the proposed rule change is also available on the 
Exchange's Web site (http://www.cboe.com/AboutCBOE/CBOELegalRegulatoryHome.aspx), at the Exchange's Office of the 
Secretary, 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.

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

1. Purpose
    The purpose of this filing is to amend C2 Rule 6.1 to clarify the 
trading hours for options on Index-Linked Exchangeable Notes 
(``ETNs'').\6\ Specifically, the Exchange seeks to amend Rule 6.1 to 
provide that options on ETNs may be traded on the Exchange until 3:15 
p.m. (CT) each business day. The Exchange notes that the proposed rule 
is based on NYSE MKT LLC (``NYSE MKT'') Rule 901NY Commentary .02.\7\
---------------------------------------------------------------------------

    \6\ An Index-Linked Exchangeable Note is exchangeable debt 
security that is exchangeable at the option of the holder (subject 
to the requirement that the holder in most circumstances exchange a 
specified minimum amount of notes), on call by the issuer, or at 
maturity for a cash amount based on the reported market prices of 
the underlying stocks of an underlying index. See Rule 1.1.
    \7\ See Securities Exchange Act Release 62067 (May 10, 2010), 75 
FR 27603 (May 17, 2010) (SR-NYSEAmex-2010-41).
---------------------------------------------------------------------------

    Rule 6.1 provides that the default trading hours on the Exchange 
are from 8:30 a.m. Chicago Time to 3:00 p.m. Chicago Time. However, 
Rule 6.1 provides an exception for Index Options, Index Portfolio 
Shares, Index Portfolio Receipts, and Trust Issued Receipts, which may 
remain open for trading beyond 3:00 p.m. but in no case later than 3:15 
p.m. Chicago Time, as designated by the Exchange. Rule 6.1 does not 
specifically identify ETNs in the list of products that may be traded 
beyond 3:00 p.m. Chicago Time, which suggests options on ETNs must 
close at 3:00 p.m. Chicago time. However, industry practice and the 
Exchange's current practice allow options on ETNs to trade until 3:15 
p.m. Chicago Time. This filing seeks to align C2 Rules with industry 
practice by allowing the Exchange to determine which options on ETNs 
will trade beyond 3:00 p.m. Chicago Time but no later than 3:15 p.m. 
Chicago Time.
2. Statutory Basis
    The Exchange believes the proposed rule change is consistent with 
the Securities Exchange Act of 1934 (the ``Act'') and the rules and 
regulations thereunder applicable to the Exchange and, in particular, 
the requirements of Section 6(b) of the Act.\8\ Specifically, the 
Exchange believes the proposed rule change is consistent with the 
Section 6(b)(5) \9\ requirements that the rules of an exchange be 
designed to prevent fraudulent and manipulative acts and practices, to 
promote just and equitable principles of trade, to foster cooperation 
and coordination with persons engaged in regulating, clearing, 
settling, processing information with respect to, and facilitating 
transactions in securities, 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. Additionally, 
the Exchange believes the proposed rule change is consistent with the 
Section 6(b)(5) \10\ requirement that the rules of an exchange not be 
designed to permit unfair discrimination between customers, issuers, 
brokers, or dealers.
---------------------------------------------------------------------------

    \8\ 15 U.S.C. 78f(b).
    \9\ 15 U.S.C. 78f(b)(5).
    \10\ Id.
---------------------------------------------------------------------------

    In particular, the proposed rule change will protect investors and 
the public interest by reducing potential confusing regarding C2's 
trading hours for options on ETNs and aligning C2's Rules regarding 
trading orders for options on ETNs with industry practice. The Exchange 
notes that the proposed rule is based on NYSE MKT Rule 901NY Commentary 
.02.

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

    C2 does not believe that the proposed rule change will impose any 
burden on competition that is not necessary or appropriate in 
furtherance of the purposes of the Act. The proposed rule change will 
not impose any burden on intermarket or intramarket competition as the 
proposed rule change will align C2's Rules regarding trading orders for 
options on ETNs with industry practice. In addition, the proposed rule 
change does not modify the construct for trading hours but simply adds 
options on ETNs to the list of products specifically noted in Rule 6.1.

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

    The Exchange neither solicited nor received comments on the 
proposed rule change.

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 \11\ and 
subparagraph (f)(6) Rule 19b-4 thereunder.\12\
---------------------------------------------------------------------------

    \11\ 15 U.S.C. 78s(b)(3)(A).
    \12\ 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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[[Page 36178]]

    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 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 will institute proceedings to 
determine whether the proposed rule change 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-C2-2017-022 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-C2-2017-022. 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-C2-2017-022 and should be 
submitted on or before August 24, 2017.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\13\
---------------------------------------------------------------------------

    \13\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------

Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017-16396 Filed 8-2-17; 8:45 am]
BILLING CODE 8011-01-P



                                                  36176                          Federal Register / Vol. 82, No. 148 / Thursday, August 3, 2017 / Notices

                                                  connectivity, including Purge Port fees,                  proposed rule change operative upon                  10:00 a.m. and 3:00 p.m. Copies of the
                                                  would serve to impair an exchange’s                       filing.38                                            filing also will be available for
                                                  ability to compete for order flow rather                     At any time within 60 days of the                 inspection and copying at the principal
                                                  than burdening competition. The                           filing of the proposed rule change, the              office of the Exchange. All comments
                                                  Exchange also does not believe the                        Commission summarily may                             received will be posted without change;
                                                  proposed rule change would impact                         temporarily suspend such rule change if              the Commission does not edit personal
                                                  intramarket competition as it would                       it appears to the Commission that such               identifying information from
                                                  apply to all Members and non-Members                      action is necessary or appropriate in the            submissions. You should submit only
                                                  equally.                                                  public interest, for the protection of               information that you wish to make
                                                                                                            investors, or otherwise in furtherance of            available publicly. All submissions
                                                  C. Self-Regulatory Organization’s                         the purposes of the Act. If the                      should refer to File Number SR–MIAX–
                                                  Statement on Comments on the                              Commission takes such action, the                    2017–36 and should be submitted on or
                                                  Proposed Rule Change Received From                        Commission shall institute proceedings               before August 24, 2017.
                                                  Members, Participants, or Others                          to determine whether the proposed rule                 For the Commission, by the Division of
                                                                                                            should be approved or disapproved.                   Trading and Markets, pursuant to delegated
                                                    Written comments were neither
                                                                                                                                                                 authority.39
                                                  solicited nor received.                                   IV. Solicitation of Comments
                                                                                                                                                                 Brent J. Fields,
                                                  III. Date of Effectiveness of the                           Interested persons are invited to                  Secretary.
                                                  Proposed Rule Change and Timing for                       submit written data, views, and                      [FR Doc. 2017–16296 Filed 8–2–17; 8:45 am]
                                                  Commission Action                                         arguments concerning the foregoing,                  BILLING CODE 8011–01–P
                                                                                                            including whether the proposed rule
                                                     Because the foregoing proposed rule                    change is consistent with the Act.
                                                  change does not: (i) Significantly affect                 Comments may be submitted by any of                  SECURITIES AND EXCHANGE
                                                  the protection of investors or the public                 the following methods:                               COMMISSION
                                                  interest; (ii) impose any significant
                                                                                                            Electronic Comments                                  [Release No. 34–81261; File No. SR–C2–
                                                  burden on competition; and (iii) become
                                                  operative for 30 days from the date on                      • Use the Commission’s Internet                    2017–022]
                                                  which it was filed, or such shorter time                  comment form (http://www.sec.gov/
                                                                                                                                                                 Self-Regulatory Organizations; C2
                                                  as the Commission may designate, it has                   rules/sro.shtml); or
                                                                                                                                                                 Options Exchange, Incorporated;
                                                  become effective pursuant to 19(b)(3)(A)                    • Send an email to rule-comments@
                                                                                                                                                                 Notice of Filing and Immediate
                                                  of the Act 35 and Rule 19b–4(f)(6) 36                     sec.gov. Please include File Number SR–
                                                                                                                                                                 Effectiveness of a Proposed Rule
                                                  thereunder.                                               MIAX–2017–36 on the subject line.
                                                                                                                                                                 Change To Amend Rule 6.1, Days and
                                                     A proposed rule change filed under                     Paper Comments                                       Hours of Business, To Clarify the
                                                  Rule 19b–4(f)(6) normally does not                                                                             Trading Hours for Options on Index-
                                                                                                              • Send paper comments in triplicate
                                                  become operative for 30 days after the                                                                         Linked Exchangeable Notes
                                                                                                            to Secretary, Securities and Exchange
                                                  date of filing. However, Rule 19b–                        Commission, 100 F Street NE.,                        July 31, 2017.
                                                  4(f)(6)(iii) 37 permits the Commission to                 Washington, DC 20549–1090.                              Pursuant to Section 19(b)(1) of the
                                                  designate a shorter time if such action                   All submissions should refer to File                 Securities Exchange Act of 1934 (the
                                                  is consistent with the protection of                      Number SR–MIAX–2017–36. This file                    ‘‘Act’’),1 and Rule 19b–4 thereunder,2
                                                  investors and the public interest. In its                 number should be included on the                     notice is hereby given that on July 18,
                                                  filing with the Commission, the                           subject line if email is used. To help the           2017, C2 Options Exchange,
                                                  Exchange requests that the Commission                     Commission process and review your                   Incorporated (the ‘‘Exchange’’ or ‘‘C2’’)
                                                  waive the 30-day operative delay. As                      comments more efficiently, please use                filed with the Securities and Exchange
                                                  noted above, the Exchange has proposed                    only one method. The Commission will                 Commission (the ‘‘Commission’’) the
                                                  to announce an implementation date by                     post all comments on the Commission’s                proposed rule change as described in
                                                  Regulatory Circular, which the                            Internet Web site (http://www.sec.gov/               Items I and II, below, which Items have
                                                  Exchange anticipates will be August 3,                    rules/sro.shtml). Copies of the                      been prepared by the Exchange. The
                                                  2017. The Commission believes that                        submission, all subsequent                           Exchange filed the proposal as a ‘‘non-
                                                  waiving the 30-day operative delay is                     amendments, all written statements                   controversial’’ proposed rule change
                                                  consistent with the protection of                         with respect to the proposed rule                    pursuant to Section 19(b)(3)(A)(iii) of
                                                  investors and the public interest, as it                  change that are filed with the                       the Act 3 and Rule 19b–4(f)(6)
                                                  will enable the Exchange to allow the                     Commission, and all written                          thereunder.4 The Commission is
                                                  enhanced risk protection for Market                       communications relating to the                       publishing this notice to solicit
                                                  Makers offered by the proposed Purge                      proposed rule change between the                     comments on the proposed rule change
                                                  Ports to go into effect without undue                     Commission and any person, other than                from interested persons.
                                                  delay. Accordingly, the Commission                        those that may be withheld from the
                                                  hereby waives the 30-day operative                                                                             I. Self-Regulatory Organization’s
                                                                                                            public in accordance with the                        Statement of the Terms of Substance of
                                                  delay requirement and designates the                      provisions of 5 U.S.C. 552, will be                  the Proposed Rule Change
                                                                                                            available for Web site viewing and
                                                    35 15  U.S.C. 78s(b)(3)(A).                             printing in the Commission’s Public                     The purpose of this filing is to amend
mstockstill on DSK30JT082PROD with NOTICES




                                                    36 17  CFR 240.19b–4(f)(6). In addition, Rule 19b–      Reference Room, 100 F Street NE.,                    C2 Rule 6.1 to clarify the trading hours
                                                  4(f)(6) requires a self-regulatory organization to give                                                        for options on Index-Linked
                                                  the Commission written notice of its intent to file
                                                                                                            Washington, DC 20549, on official
                                                  the proposed rule change at least five business days      business days between the hours of
                                                                                                                                                                   39 17 CFR 200.30–3(a)(12).
                                                  prior to the date of filing of the proposed rule
                                                                                                                                                                   1 15 U.S.C. 78s(b)(1).
                                                  change, or such shorter time as designated by the           38 Forpurposes only of waiving the 30-day
                                                                                                                                                                   2 17 CFR 240.19b–4.
                                                  Commission. The Exchange has satisfied this               operative delay, the Commission has considered the
                                                  requirement.                                              proposed rule’s impact on efficiency, competition,     3 15 U.S.C. 78s(b)(3)(A)(iii).
                                                    37 17 CFR 240.19b–4(f)(6)(iii).                         and capital formation. See 15 U.S.C. 78c(f).           4 17 CFR 240.19b–4(f)(6).




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                                                                                 Federal Register / Vol. 82, No. 148 / Thursday, August 3, 2017 / Notices                                                       36177

                                                  Exchangeable Notes (‘‘ETNs’’).5 The text                  Exchangeable Notes (‘‘ETNs’’).6                        system, and, in general, to protect
                                                  of the proposed rule change is provided                   Specifically, the Exchange seeks to                    investors and the public interest.
                                                  below.                                                    amend Rule 6.1 to provide that options                 Additionally, the Exchange believes the
                                                                                                            on ETNs may be traded on the Exchange                  proposed rule change is consistent with
                                                  (additions are underlined; deletions are                  until 3:15 p.m. (CT) each business day.                the Section 6(b)(5) 10 requirement that
                                                  [bracketed])                                              The Exchange notes that the proposed                   the rules of an exchange not be designed
                                                  *          *   *       *      *                           rule is based on NYSE MKT LLC                          to permit unfair discrimination between
                                                                                                            (‘‘NYSE MKT’’) Rule 901NY                              customers, issuers, brokers, or dealers.
                                                  C2 Options Exchange, Incorporated
                                                                                                            Commentary .02.7                                         In particular, the proposed rule
                                                  Rules                                                        Rule 6.1 provides that the default                  change will protect investors and the
                                                  *          *   *       *      *                           trading hours on the Exchange are from                 public interest by reducing potential
                                                                                                            8:30 a.m. Chicago Time to 3:00 p.m.                    confusing regarding C2’s trading hours
                                                  Rule 6.1. Days and Hours of Business
                                                                                                            Chicago Time. However, Rule 6.1                        for options on ETNs and aligning C2’s
                                                     The hours during which option                          provides an exception for Index                        Rules regarding trading orders for
                                                  transactions may be made on the                           Options, Index Portfolio Shares, Index                 options on ETNs with industry practice.
                                                  Exchange shall be from 8:30 a.m.                          Portfolio Receipts, and Trust Issued                   The Exchange notes that the proposed
                                                  Chicago Time to 3:00 p.m. Chicago Time                    Receipts, which may remain open for                    rule is based on NYSE MKT Rule 901NY
                                                  except for option contracts on Index                      trading beyond 3:00 p.m. but in no case                Commentary .02.
                                                  Options, Index-Linked Exchangeable                        later than 3:15 p.m. Chicago Time, as
                                                                                                            designated by the Exchange. Rule 6.1                   B. Self-Regulatory Organization’s
                                                  Notes, Index Portfolio Shares, Index
                                                                                                            does not specifically identify ETNs in                 Statement on Burden on Competition
                                                  Portfolio Receipts, and Trust Issued
                                                  Receipts which may remain open for                        the list of products that may be traded                   C2 does not believe that the proposed
                                                  trading beyond 3:00 p.m. but in no case                   beyond 3:00 p.m. Chicago Time, which                   rule change will impose any burden on
                                                  later than 3:15 p.m. Chicago Time, as                     suggests options on ETNs must close at                 competition that is not necessary or
                                                  designated by the Exchange.                               3:00 p.m. Chicago time. However,                       appropriate in furtherance of the
                                                                                                            industry practice and the Exchange’s                   purposes of the Act. The proposed rule
                                                  *      *     *    *    *                                  current practice allow options on ETNs                 change will not impose any burden on
                                                     The text of the proposed rule change                   to trade until 3:15 p.m. Chicago Time.                 intermarket or intramarket competition
                                                  is also available on the Exchange’s Web                   This filing seeks to align C2 Rules with               as the proposed rule change will align
                                                  site (http://www.cboe.com/AboutCBOE/                      industry practice by allowing the                      C2’s Rules regarding trading orders for
                                                  CBOELegalRegulatoryHome.aspx), at                         Exchange to determine which options                    options on ETNs with industry practice.
                                                  the Exchange’s Office of the Secretary,                   on ETNs will trade beyond 3:00 p.m.                    In addition, the proposed rule change
                                                  and at the Commission’s Public                            Chicago Time but no later than 3:15                    does not modify the construct for
                                                  Reference Room.                                           p.m. Chicago Time.                                     trading hours but simply adds options
                                                  II. Self-Regulatory Organization’s                        2. Statutory Basis                                     on ETNs to the list of products
                                                  Statement of the Purpose of, and                                                                                 specifically noted in Rule 6.1.
                                                                                                               The Exchange believes the proposed
                                                  Statutory Basis for, the Proposed Rule                    rule change is consistent with the                     C. Self-Regulatory Organization’s
                                                  Change                                                    Securities Exchange Act of 1934 (the                   Statement on Comments on the
                                                    In its filing with the Commission, the                  ‘‘Act’’) and the rules and regulations                 Proposed Rule Change Received From
                                                  Exchange included statements                              thereunder applicable to the Exchange                  Members, Participants, or Others
                                                  concerning the purpose of and basis for                   and, in particular, the requirements of                  The Exchange neither solicited nor
                                                  the proposed rule change and discussed                    Section 6(b) of the Act.8 Specifically,                received comments on the proposed
                                                  any comments it received on the                           the Exchange believes the proposed rule                rule change.
                                                  proposed rule change. The text of these                   change is consistent with the Section
                                                                                                            6(b)(5) 9 requirements that the rules of               III. Date of Effectiveness of the
                                                  statements may be examined at the
                                                                                                            an exchange be designed to prevent                     Proposed Rule Change and Timing for
                                                  places specified in Item IV below. The
                                                                                                            fraudulent and manipulative acts and                   Commission Action
                                                  Exchange has prepared summaries, set
                                                  forth in sections A, B, and C below, of                   practices, to promote just and equitable                 Because the foregoing proposed rule
                                                  the most significant aspects of such                      principles of trade, to foster cooperation             change does not: (i) Significantly affect
                                                  statements.                                               and coordination with persons engaged                  the protection of investors or the public
                                                                                                            in regulating, clearing, settling,                     interest; (ii) impose any significant
                                                  A. Self-Regulatory Organization’s                         processing information with respect to,                burden on competition; and (iii) become
                                                  Statement of the Purpose of, and                          and facilitating transactions in                       operative for 30 days from the date on
                                                  Statutory Basis for, the Proposed Rule                    securities, to remove impediments to                   which it was filed, or such shorter time
                                                  Change                                                    and perfect the mechanism of a free and                as the Commission may designate, it has
                                                  1. Purpose                                                open market and a national market                      become effective pursuant to Section
                                                                                                               6 An Index-Linked Exchangeable Note is
                                                                                                                                                                   19(b)(3)(A)(iii) of the Act 11 and
                                                    The purpose of this filing is to amend                                                                         subparagraph (f)(6) Rule 19b–4
                                                                                                            exchangeable debt security that is exchangeable at
                                                  C2 Rule 6.1 to clarify the trading hours                  the option of the holder (subject to the requirement   thereunder.12
                                                  for options on Index-Linked                               that the holder in most circumstances exchange a
mstockstill on DSK30JT082PROD with NOTICES




                                                                                                            specified minimum amount of notes), on call by the       10 Id.

                                                      5 AnIndex-Linked Exchangeable Note is                 issuer, or at maturity for a cash amount based on        11 15  U.S.C. 78s(b)(3)(A).
                                                  exchangeable debt security that is exchangeable at        the reported market prices of the underlying stocks      12 17  CFR 240.19b–4(f)(6). In addition, Rule 19b–
                                                  the option of the holder (subject to the requirement      of an underlying index. See Rule 1.1.                  4(f)(6)(iii) requires the Exchange to give the
                                                                                                               7 See Securities Exchange Act Release 62067 (May
                                                  that the holder in most circumstances exchange a                                                                 Commission written notice of the Exchange’s intent
                                                  specified minimum amount of notes), on call by the        10, 2010), 75 FR 27603 (May 17, 2010) (SR–             to file the proposed rule change, along with a brief
                                                  issuer, or at maturity for a cash amount based on         NYSEAmex–2010–41).                                     description and text of the proposed rule change,
                                                                                                               8 15 U.S.C. 78f(b).
                                                  the reported market prices of the underlying stocks                                                              at least five business days prior to the date of filing
                                                  of an underlying index. See Rule 1.1.                        9 15 U.S.C. 78f(b)(5).                                                                            Continued




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                                                  36178                        Federal Register / Vol. 82, No. 148 / Thursday, August 3, 2017 / Notices

                                                     At any time within 60 days of the                     inspection and copying at the principal                publication by writing to the Executive
                                                  filing of the proposed rule change, the                  office of the Exchange. All comments                   Director, Office of Privacy and
                                                  Commission summarily may                                 received will be posted without change;                Disclosure, Office of the General
                                                  temporarily suspend such rule change if                  the Commission does not edit personal                  Counsel, SSA, Room 617 Altmeyer
                                                  it appears to the Commission that such                   identifying information from                           Building, 6401 Security Boulevard,
                                                  action is necessary or appropriate in the                submissions. You should submit only                    Baltimore, Maryland 21235–6401, or
                                                  public interest, for the protection of                   information that you wish to make                      through the Federal e-Rulemaking Portal
                                                  investors, or otherwise in furtherance of                available publicly. All submissions                    at http://www.regulations.gov. All
                                                  the purposes of the Act. If the                          should refer to File Number SR–C2–                     comments we receive will be available
                                                  Commission takes such action, the                        2017–022 and should be submitted on                    for public inspection at the above
                                                  Commission will institute proceedings                    or before August 24, 2017.                             address and we will post them to http://
                                                  to determine whether the proposed rule                     For the Commission, by the Division of               www.regulations.gov.
                                                  change should be approved or                             Trading and Markets, pursuant to delegated             FOR FURTHER INFORMATION CONTACT:
                                                  disapproved.                                             authority.13                                           Pamela J. Carcirieri, Supervisory
                                                                                                           Eduardo A. Aleman,                                     Government Information Specialist,
                                                  IV. Solicitation of Comments
                                                                                                           Assistant Secretary.                                   Privacy Implementation Division, Office
                                                    Interested persons are invited to                                                                             of Privacy and Disclosure, Office of the
                                                                                                           [FR Doc. 2017–16396 Filed 8–2–17; 8:45 am]
                                                  submit written data, views, and                                                                                 General Counsel, SSA, Room 617,
                                                                                                           BILLING CODE 8011–01–P
                                                  arguments concerning the foregoing,                                                                             Altmeyer Building, 6401 Security
                                                  including whether the proposed rule                                                                             Boulevard, Baltimore, Maryland 21235–
                                                  change is consistent with the Act.                                                                              6401, telephone (410) 965–0355, email:
                                                  Comments may be submitted by any of                      SOCIAL SECURITY ADMINISTRATION
                                                                                                                                                                  Pamela.Carcirieri@ssa.gov or Elizabeth
                                                  the following methods:                                   [Docket No. SSA–2017–0040]                             Boorstein, Government Information
                                                  Electronic Comments                                                                                             Specialist, Privacy Implementation
                                                                                                           Privacy Act of 1974; System of                         Division, Office of Privacy and
                                                    • Use the Commission’s Internet                        Records                                                Disclosure, Office of the General
                                                  comment form (http://www.sec.gov/                                                                               Counsel, Social Security
                                                  rules/sro.shtml); or                                     AGENCY:  Deputy Commissioner of
                                                                                                           Systems, Social Security Administration                Administration, Room 617 Altmeyer
                                                    • Send an email to rule-comments@                                                                             Building, 6401 Security Boulevard,
                                                  sec.gov. Please include File Number SR–                  (SSA).
                                                                                                           ACTION: Notice of a New System of                      Baltimore, Maryland 21235–6401,
                                                  C2–2017–022 on the subject line.                                                                                telephone: (410) 966–2824, email:
                                                                                                           Records.
                                                  Paper Comments                                                                                                  Elizabeth.Boorstein@ssa.gov.
                                                                                                           SUMMARY:    In accordance with the                     SUPPLEMENTARY INFORMATION: We are
                                                     • Send paper comments in triplicate
                                                                                                           Privacy Act we are issuing public notice               establishing the CET Record System to
                                                  to Secretary, Securities and Exchange
                                                                                                           of our intent to establish a new system                cover information we collect about
                                                  Commission, 100 F Street NE.,
                                                                                                           of records entitled, Customer                          individuals who choose to use one of
                                                  Washington, DC 20549–1090.
                                                                                                           Engagement Tools (CET) Record System                   our electronic communication options
                                                  All submissions should refer to File                     (60–0383), hereinafter called the CET                  to conduct business with SSA online.
                                                  Number SR–C2–2017–022. This file                         Record System. We will use this system                 These communication options provide
                                                  number should be included on the                         to maintain the information we collect                 service to our customers, and will assist
                                                  subject line if email is used. To help the               during our electronic communications                   individuals who prefer to communicate
                                                  Commission process and review your                       with those individuals who have                        with us in a dynamic and electronic
                                                  comments more efficiently, please use                    created a my Social Security account                   environment.
                                                  only one method. The Commission will                     and have been authenticated to use                        In accordance with 5 U.S.C. 552a(r),
                                                  post all comments on the Commission’s                    online electronic services via the my                  we have provided a report to OMB and
                                                  Internet Web site (http://www.sec.gov/                   Social Security web portal, and who                    Congress on this new system of records.
                                                  rules/sro.shtml). Copies of the                          choose to communicate with us using
                                                  submission, all subsequent                                                                                        Dated: April 3, 2017.
                                                                                                           an electronic communication method,                    Mary Ann Zimmerman,
                                                  amendments, all written statements                       such as the Click-to-Chat tool. This
                                                  with respect to the proposed rule                                                                               Acting Executive Director, Office of Privacy
                                                                                                           notice publishes details of the system as              and Disclosure, Office of the General Counsel.
                                                  change that are filed with the                           set forth under the caption
                                                  Commission, and all written                              SUPPLEMENTARY INFORMATION.                             SYSTEM NAME AND NUMBER:
                                                  communications relating to the
                                                                                                           DATES: The System of Records Notice                      Customer Engagement Tools (CET)
                                                  proposed rule change between the
                                                                                                           (SORN) is applicable August 3, 2017,                   Record System, 60–0383.
                                                  Commission and any person, other than
                                                                                                           with the exception of the routine uses
                                                  those that may be withheld from the                                                                             SECURITY CLASSIFICATION:
                                                                                                           which are applicable [insert date]. We
                                                  public in accordance with the                                                                                     Unclassified.
                                                                                                           invite public comment on the routine
                                                  provisions of 5 U.S.C. 552, will be
                                                                                                           uses or other aspects of this SORN. In                 SYSTEM LOCATION:
                                                  available for Web site viewing and
                                                                                                           accordance with 5 U.S.C. 552a(e)(4) and                  Social Security Administration,
                                                  printing in the Commission’s Public
                                                                                                           (e)(11), the public is given a 30-day                  Deputy Commissioner of Systems,
                                                  Reference Room, 100 F Street NE.,
                                                                                                           period in which to submit comments.
mstockstill on DSK30JT082PROD with NOTICES




                                                  Washington, DC 20549 on official                                                                                Office of IT Business Support, Office of
                                                                                                           Therefore, please submit any comments                  IT Enterprise Business Support, Robert
                                                  business days between the hours of
                                                                                                           by September 5, 2017.                                  M. Ball Building, 6401 Security
                                                  10:00 a.m. and 3:00 p.m. Copies of the
                                                                                                           ADDRESSES: The public, Office of                       Boulevard, Baltimore, MD 21235.
                                                  filing also will be available for
                                                                                                           Management and Budget (OMB), and
                                                                                                           Congress may comment on this                           SYSTEM MANAGER(S):
                                                  of the proposed rule change, or such shorter time
                                                  as designated by the Commission. The Exchange                                                                     Social Security Administration,
                                                  has satisfied this requirement.                            13 17   CFR 200.30–3(a)(12).                         Deputy Commissioner of Systems,


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Document Created: 2017-08-03 07:24:37
Document Modified: 2017-08-03 07:24:37
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 36176 

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