82 FR 36836 - Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Adopt FINRA Rule 6898 (Consolidated Audit Trail-Fee Dispute Resolution)

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 82, Issue 150 (August 7, 2017)

Page Range		36836-36837
FR Document		2017-16514

Federal Register, Volume 82 Issue 150 (Monday, August 7, 2017)

[Federal Register Volume 82, Number 150 (Monday, August 7, 2017)]
[Notices]
[Pages 36836-36837]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-16514]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-81275; File No. SR-FINRA-2017-020]


Self-Regulatory Organizations; Financial Industry Regulatory 
Authority, Inc.; Notice of Designation of a Longer Period for 
Commission Action on a Proposed Rule Change To Adopt FINRA Rule 6898 
(Consolidated Audit Trail--Fee Dispute Resolution)

August 1, 2017.
    On June 19, 2017, Financial Industry Regulatory Authority, Inc. 
(``FINRA'') filed with the Securities and Exchange Commission 
(``Commission''), pursuant to Section 19(b)(1) of the Securities 
Exchange Act of 1934 (``Act'' or ``Exchange Act'') \1\ and Rule 19b-4 
thereunder,\2\ a proposed rule change to adopt Rule 6898 (Consolidated 
Audit Trail--Fee Dispute Resolution). The proposed rule change was 
published for comment in the Federal Register on July 6, 2017.\3\ The 
Commission received no comment letters on the proposed rule change.
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ Securities Exchange Act Release No. 81053 (June 29, 2017), 
82 FR 31366 (``Notice'').
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    Section 19(b)(2) of the Act \4\ provides that, within 45 days of 
the publication of notice of the filing of a proposed rule change, or 
within such longer period up to 90 days as the Commission may designate 
if it finds such longer period to be appropriate and publishes its 
reasons for so finding or as to which the self-regulatory organization 
consents, the Commission shall either approve the proposed rule change, 
disapprove the proposed rule change, or institute proceedings to 
determine whether the proposed rule change should be disapproved. The 
Commission is extending this 45-day time period.
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    \4\ 15 U.S.C. 78s(b)(2).
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    The Commission finds that it is appropriate to designate a longer 
period within which to take action on the proposed rule change so that 
it has sufficient time to consider the proposed rule change. The 
proposed rule change would establish the procedures for resolving 
potential disputes related to CAT Fees charged to Industry Members.
    Accordingly, the Commission, pursuant to Section 19(b)(2) of the 
Act,\5\ designates October 4, 2017, as the date by which the Commission 
should either approve or disapprove or institute proceedings to 
determine whether to

[[Page 36837]]

disapprove the proposed rule change (File Number SR-FINRA-2017-020).
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    \5\ 15 U.S.C. 78s(b)(2).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\6\
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    \6\ 17 CFR 200.30-3(a)(31).
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Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017-16514 Filed 8-4-17; 8:45 am]
 BILLING CODE 8011-01-P

36836 Federal Register / Vol. 82, No. 150 / Monday, August 7, 2017 / Notices

FOR FURTHER INFORMATION CONTACT: Under Seal; Filing Acceptance Date: SECURITIES AND EXCHANGE
David A. Trissell, General Counsel, at August 1, 2017; Filing Authority: 39 CFR COMMISSION
202–789–6820. 3015.5; Public Representative: Kenneth
SUPPLEMENTARY INFORMATION: R. Moeller; Comments Due: August 9, [Release No. 34–81275; File No. SR–FINRA–
Table of Contents 2017. 2017–020]
2. Docket No(s).: CP2017–235; Filing
I. Introduction Self-Regulatory Organizations;
II. Docketed Proceeding(s) Title: Notice of the United States Postal
Financial Industry Regulatory
Service of Filing a Functionally
I. Introduction Authority, Inc.; Notice of Designation
Equivalent Global Plus 1D Negotiated of a Longer Period for Commission
The Commission gives notice that the Service Agreement and Application for Action on a Proposed Rule Change To
Postal Service filed request(s) for the Non-Public Treatment of Materials Filed Adopt FINRA Rule 6898 (Consolidated
Commission to consider matters related Under Seal; Filing Acceptance Date: Audit Trail—Fee Dispute Resolution)
to negotiated service agreement(s). The August 1, 2017; Filing Authority: 39 CFR
request(s) may propose the addition or 3015.5; Public Representative: Kenneth August 1, 2017.
removal of a negotiated service R. Moeller; Comments Due: August 9, On June 19, 2017, Financial Industry
agreement from the market dominant or 2017. Regulatory Authority, Inc. (‘‘FINRA’’)
the competitive product list, or the filed with the Securities and Exchange
modification of an existing product 3. Docket No(s).: CP2017–236; Filing
Title: Notice of the United States Postal Commission (‘‘Commission’’), pursuant
currently appearing on the market to Section 19(b)(1) of the Securities
dominant or the competitive product Service of Filing a Functionally
Equivalent Global Plus 1D Negotiated Exchange Act of 1934 (‘‘Act’’ or
list. ‘‘Exchange Act’’) 1 and Rule 19b–4
Section II identifies the docket Service Agreement and Application for
Non-Public Treatment of Materials Filed thereunder,2 a proposed rule change to
number(s) associated with each Postal adopt Rule 6898 (Consolidated Audit
Service request, the title of each Postal Under Seal; Filing Acceptance Date:
Trail—Fee Dispute Resolution). The
Service request, the request’s acceptance August 1, 2017; Filing Authority: 39 CFR
proposed rule change was published for
date, and the authority cited by the 3015.5; Public Representative:
comment in the Federal Register on July
Postal Service for each request. For each Christopher C. Mohr; Comments Due: 6, 2017.3 The Commission received no
request, the Commission appoints an August 9, 2017. comment letters on the proposed rule
officer of the Commission to represent 4. Docket No(s).: CP2017–237; Filing change.
the interests of the general public in the Title: Notice of the United States Postal
proceeding, pursuant to 39 U.S.C. 505 Section 19(b)(2) of the Act 4 provides
Service of Filing a Functionally that, within 45 days of the publication
(Public Representative). Section II also
Equivalent Global Plus 1D Negotiated of notice of the filing of a proposed rule
establishes comment deadline(s)
Service Agreement and Application for change, or within such longer period up
pertaining to each request.
The public portions of the Postal Non-Public Treatment of Materials Filed to 90 days as the Commission may
Service’s request(s) can be accessed via Under Seal; Filing Acceptance Date: designate if it finds such longer period
the Commission’s Web site (http:// August 1, 2017; Filing Authority: 39 CFR to be appropriate and publishes its
www.prc.gov). Non-public portions of 3015.5; Public Representative: reasons for so finding or as to which the
the Postal Service’s request(s), if any, Christopher C. Mohr; Comments Due: self-regulatory organization consents,
can be accessed through compliance August 9, 2017. the Commission shall either approve the
with the requirements of 39 CFR 5. Docket No(s).: CP2017–238; Filing proposed rule change, disapprove the
3007.40. proposed rule change, or institute
Title: Notice of the United States Postal
The Commission invites comments on proceedings to determine whether the
Service of Filing a Functionally
whether the Postal Service’s request(s) proposed rule change should be
Equivalent Global Plus 1D Negotiated
in the captioned docket(s) are consistent disapproved. The Commission is
Service Agreement and Application for extending this 45-day time period.
with the policies of title 39. For Non-Public Treatment of Materials Filed
request(s) that the Postal Service states The Commission finds that it is
Under Seal; Filing Acceptance Date:
concern market dominant product(s), appropriate to designate a longer period
August 1, 2017; Filing Authority: 39 CFR
applicable statutory and regulatory within which to take action on the
requirements include 39 U.S.C. 3622, 39 3015.5; Public Representative:
proposed rule change so that it has
U.S.C. 3642, 39 CFR part 3010, and 39 Christopher C. Mohr; Comments Due:
sufficient time to consider the proposed
CFR part 3020, subpart B. For request(s) August 9, 2017. rule change. The proposed rule change
that the Postal Service states concern This notice will be published in the would establish the procedures for
competitive product(s), applicable Federal Register. resolving potential disputes related to
statutory and regulatory requirements CAT Fees charged to Industry Members.
Stacy L. Ruble,
include 39 U.S.C. 3632, 39 U.S.C. 3633, Accordingly, the Commission,
39 U.S.C. 3642, 39 CFR part 3015, and Secretary.
pursuant to Section 19(b)(2) of the Act,5
39 CFR part 3020, subpart B. Comment [FR Doc. 2017–16596 Filed 8–4–17; 8:45 am]
designates October 4, 2017, as the date
deadline(s) for each request appear in BILLING CODE 7710–FW–P by which the Commission should either
section II. approve or disapprove or institute
mstockstill on DSK30JT082PROD with NOTICES

II. Docketed Proceeding(s) proceedings to determine whether to
1. Docket No(s).: CP2017–234; Filing 1 15 U.S.C. 78s(b)(1).
Title: Notice of the United States Postal 2 17 CFR 240.19b–4.
Service of Filing a Functionally 3 Securities Exchange Act Release No. 81053
Equivalent Global Plus 1D Negotiated (June 29, 2017), 82 FR 31366 (‘‘Notice’’).
Service Agreement and Application for 4 15 U.S.C. 78s(b)(2).

Non-Public Treatment of Materials Filed 5 15 U.S.C. 78s(b)(2).

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Federal Register / Vol. 82, No. 150 / Monday, August 7, 2017 / Notices 36837

disapprove the proposed rule change Exchange’s Web site at participants so that they may exclude
(File Number SR–FINRA–2017–020). www.iextrading.com, at the principal such trades from relevant pricing
For the Commission, by the Division of office of the Exchange, and at the metrics (e.g., high, low and last sale
Trading and Markets, pursuant to delegated Commission’s Public Reference Room. prices). Accordingly, IEX is proposing to
authority.6 adopt a policy substantially similar to
II. Self-Regulatory Organization’s
Eduardo A. Aleman, the existing policies of such other
Statement of the Purpose of, and the
Assistant Secretary. national securities exchanges as
Statutory Basis for, the Proposed Rule
described below.10
[FR Doc. 2017–16514 Filed 8–4–17; 8:45 am] Change
During the course of surveillance by
BILLING CODE 8011–01–P
In its filing with the Commission, the the Exchange or as a result of
self-regulatory organization included notification by another market, listed
statements concerning the purpose of company,11 or market participant, the
SECURITIES AND EXCHANGE
and basis for the proposed rule change Exchange may become aware of trade
COMMISSION
and discussed any comments it received prices that do not accurately reflect the
[Release No. 34–81278; File No. SR–IEX– on the proposed rule change. The text prevailing market for a security. In such
2017–24] of these statement may be examined at a case, the Exchange will contact the
the places specified in Item IV below. listing exchange (if the Exchange is not
Self-Regulatory Organizations; The self-regulatory organization has the listing exchange) and other markets
Investors Exchange LLC; Notice of prepared summaries, set forth in (in the case of executions that take place
Filing and Immediate Effectiveness of Sections A, B, and C below, of the most across multiple markets) to seek
Proposed Rule Change To Adopt a significant aspects of such statements. consensus as to whether the trade price
Policy Relating to Its Treatment of
A. Self-Regulatory Organization’s is consistent with the prevailing market
Trade Reports That It Determines To
Statement of the Purpose of, and the for the security. If the Exchange
Be Inconsistent With the Prevailing
Statutory Basis for, the Proposed Rule determines that the trade price is
Market
Change inconsistent with the prevailing market
August 1, 2017. for the security after considering the
Pursuant to Section 19(b)(1) 1 of the 1. Purpose factors discussed below, the Exchange
Securities Exchange Act of 1934 (the Trades in listed securities will append an Aberrant Report
‘‘Act’’) 2 and Rule 19b–4 thereunder,3 occasionally occur at prices that deviate Indicator to the trade pursuant to
notice is hereby given that, on July 18, from prevailing market prices and those applicable CTA and UTP procedures.
2017, the Investors Exchange LLC trades sometimes establish a high, low Appending an Aberrant Report Indicator
(‘‘IEX’’ or the ‘‘Exchange’’) filed with the or last sale price for a security that does to the trade will have no effect on the
Securities and Exchange Commission not reflect the true market for the validity of the underlying trade.
(the ‘‘Commission’’) the proposed rule security. The Consolidated Tape IEX currently trades securities on an
change as described in Items I and II Association (‘‘CTA’’) Plan and the unlisted trading privilege (‘‘UTP’’) basis,
below, which Items have been prepared Nasdaq UTP Plan (‘‘UTP Plan’’) each that are listed on other exchanges. IEX
by the self-regulatory organization. The offer participants in such plans with the also intends to become a primary listing
Commission is publishing this notice to discretion to append an Aberrant Report exchange. The proposed policy would
solicit comments on the proposed rule Indicator to a trade report to indicate be applicable to trades that occur on
change from interested persons. that the market believes that the trade IEX, whether traded on a UTP basis or
price of a particular trade executed on listed on IEX.
I. Self-Regulatory Organization’s In making the determination to
the participant’s market does not
Statement of the Terms of Substance of append the Aberrant Report Indicator to
accurately reflect the prevailing market
the Proposed Rule Change a particular trade, the Exchange shall
for the security in question.8 The New
Pursuant to the provisions of Section York Stock Exchange (‘‘NYSE’’), Nasdaq consider all factors related to a trade,
19(b)(1) under the Securities Exchange Stock Market (‘‘Nasdaq’’) and several including, but not limited to, the
Act of 1934 (‘‘Act’’),4 and Rule 19b–4 other national securities exchanges have following:
thereunder,5 Investors Exchange LLC adopted policies related to use of the • Material news released for the
(‘‘IEX’’ or ‘‘Exchange’’) is filing with the Aberrant Report Indicator for equities security;
Commission a proposed rule change to trades that, while not eligible for • Suspicious trading activity;
adopt a policy relating to its treatment cancellation pursuant to applicable • System malfunctions or
of trade reports that it determines to be exchange rules governing clearly disruptions;
inconsistent with the prevailing market. erroneous executions, are determined • Locked or crossed markets;
The Exchange has designated this rule not to accurately reflect the prevailing • A recent trading halt or resumption
change as ‘‘non-controversial’’ under market for the security in question.9 The of trading in the security;
Section 19(b)(3)(A) of the Act 6 and Exchange believes that such policies are • Whether the security is in its initial
provided the Commission with the appropriate in order to identify such public offering;
notice required by Rule 19b–4(f)(6) trades to vendors and market • Volume and volatility for the
thereunder.7 The text of the proposed security;
rule change is available at the 8 The CTA recommends that data recipients

should exclude the price of any trade to which the 10 See note 9 supra.
mstockstill on DSK30JT082PROD with NOTICES

6 17 CFR 200.30–3(a)(31). Aberrant Report Indicator has been appended from 11 On June 17, 2016 the Commission granted IEX’s
1 15 U.S.C. 78s(b)(1). any calculation of the high, low and last sale prices application for registration as a national securities
2 15 U.S.C. 78a. for the security. exchange under Section 6 of the Act including
9 See, e.g., Securities Exchange Act Release No. approval of rules applicable to the qualification,
3 17 CFR 240.19b–4.
4 15 U.S.C. 78s(b)(1).
59151 (December 23, 2008), 74 FR 158 (January 2, listing and delisting of companies on the Exchange.
2009) (SR–NASDAQ–2008–100) and Securities (See Securities Exchange Act Release No. 34–78101
5 17 CRF 240.19b–4.
Exchange Act Release No. 58736 (October 6, 2008), (June 17, 2016), 81 FR 41141 (June 23, 2016) (File
6 15 U.S.C. 78s(b)(3)(A).
73 FR 60380 (October 10, 2008) (SR–NYSE–2008– No. 10–222)). The Exchange plans to begin a listing
7 17 CFR 240.19b–4. 91). program in 2017.

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Document Created: 2017-08-05 02:59:48
Document Modified: 2017-08-05 02:59:48

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 36836