82 FR 40823 - Self-Regulatory Organizations; Bats EDGA Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Rule 11.8, Order Types, To Permit Midpoint Discretionary Orders To Be Non-Displayed
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 82, Issue 165 (August 28, 2017)
Federal Register Volume 82, Issue 165 (August 28, 2017)
| Page Range | 40823-40825 | |
| FR Document | 2017-18126 |
[Federal Register Volume 82, Number 165 (Monday, August 28, 2017)] [Notices] [Pages 40823-40825] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2017-18126] ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION [Release No. 34-81454; File No. SR-BatsEDGA-2017-21] Self-Regulatory Organizations; Bats EDGA Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Rule 11.8, Order Types, To Permit Midpoint Discretionary Orders To Be Non-Displayed August 22, 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 August 11, 2017, Bats EDGA Exchange, Inc. (the ``Exchange'' or ``EDGA'') filed with the Securities and Exchange Commission (``Commission'') the proposed rule change as described in Items I, II, and III below, which Items have been prepared by the Exchange. The Exchange has designated this proposal as a ``non-controversial'' proposed rule change pursuant to Section 19(b)(3)(A) of the Act \3\ and Rule 19b-4(f)(6)(iii) thereunder,\4\ which renders it effective upon filing with the Commission. The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons. --------------------------------------------------------------------------- \1\ 15 U.S.C. 78s(b)(1). \2\ 17 CFR 240.19b-4. \3\ 15 U.S.C. 78s(b)(3)(A). \4\ 17 CFR 240.19b-4(f)(6)(iii). --------------------------------------------------------------------------- I. Self-Regulatory Organization's Statement of the Terms of Substance of the Proposed Rule Change The Exchange filed a proposed rule change to permit MidPoint Discretionary Orders (``MDO'') to be Non-Displayed \5\ by amending paragraph (e) of Exchange Rule 11.8, Order Types. --------------------------------------------------------------------------- \5\ See Exchange Rule 11.6(e)(2). --------------------------------------------------------------------------- The text of the proposed rule change is available at the Exchange's Web site at www.bats.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 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 parts of such statements. (A) Self-Regulatory Organization's Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change 1. Purpose An MDO is a limit order to buy that is displayed at and pegged to the National Best Bid (``NBB''), with discretion to execute at prices up to and including the midpoint of the National Best Bid and Offer (``NBBO''), or a limit order to sell that is displayed at and pegged to the National Best Offer (``NBO''), with discretion to execute at prices down to and including the midpoint of the NBBO.\6\ MDOs are designed to exercise discretion to execute to the midpoint of the NBBO and provide price improvement over the NBBO. --------------------------------------------------------------------------- \6\ See Exchange Rule 11.8(e) for a complete description of the operation of MDOs. --------------------------------------------------------------------------- Currently, an MDO is displayed on the EDGA Book \7\ at the NBB or NBO to which it is pegged. The Exchange now proposes to permit Users \8\ to elect that their MDO be Non-Displayed on the EDGA Book by amending paragraph (e) of Exchange Rule 11.8, Order Types. Therefore, the Exchange proposes to add new paragraph (4) to the description of MDOs under Rule 11.8(e) stating that an MDO will default to a Displayed \9\ instruction unless the User includes a Non-Displayed instruction on the order and will be Displayed or Non-Displayed on the EDGA Book at its pegged or limit price in accordance with paragraph (e) of Rule 11.8.\10\ The price to which an MDO is pegged to, whether Displayed or Non-Displayed, will continue to operate in the same manner as it does today in all other respects. Proposed paragraph (4) of Rule 11.8(e) would also specify that a User may elect that its MDO that is displayed on the EDGA Book include the User's market participant identifier (``MPID'') by selecting the Attributable instruction.\11\ Otherwise, an MDO with a Displayed instruction will automatically default to a Non- Attributable \12\ instruction. This is consistent with the current operation of orders that are to be displayed on the EDGA Book.\13\ --------------------------------------------------------------------------- \7\ See Exchange Rule 1.5(d). \8\ See Exchange Rule 1.5(ee). \9\ See Exchange Rule 11.6(e)(1). \10\ The Exchange proposes to renumber existing paragraph (4) as (5) and to increase the numbering of each following paragraph under Rule 11.8(e) accordingly. \11\ See Exchange Rule 11.6(a). \12\ See Exchange Rule 11.6(a)(1). \13\ See e.g, Exchange Rule 11.8(b)(4). --------------------------------------------------------------------------- [[Page 40824]] The Exchange also proposes to make certain revisions to paragraph (e) of Rule 11.8 to account for enabling Users to elect that an MDO to be Non-Displayed. These revisions include deleting references to ``displayed'' prices and replacing certain references to ``displayed'' with ``pegged''. As stated above and as currently set forth in Rule 11.8(e), the price at which an MDO is displayed on the EDGA Book is either the NBB or NBO to which it is pegged. An MDO that is to be Non- Displayed will operate in the same manner but its pegged price will simply not be displayed on the EDGA Book. Therefore, deleting references to ``displayed'' prices and replacing certain references to ``displayed'' with ``pegged'' would not affect the operation of an MDO other than to account for when an MDO is Non-Displayed. First, the Exchange proposes to amend the first sentence of paragraph (e) of Rule 11.8 to delete references to ``displayed''. As a result, an MDO would be defined as ``a limit order to buy that is pegged to the NBB, with discretion to execute at prices up to and including the midpoint of the NBBO, or a limit order to sell that is pegged to the NBO, with discretion to execute at prices down to and including the midpoint of the NBBO.'' References to ``displayed'' throughout the remainder of paragraph (e) of Rule 11.8 would be replaced by ``pegged''. Therefore, the rule would state that an MDO's pegged price, like its displayed price today, and Discretionary Range \14\ are bound by its limit price.\15\ The pegged prices of an MDO, like its displayed price today, will continue to be derived from the NBB or NBO, and will continue to be unable to independently establish or maintain the NBB or NBO. --------------------------------------------------------------------------- \14\ See Exchange Rule 11.6(d). The Exchange also proposes to capitalize all references to the defined term ``Discretionary Range'' within Rule 11.8(e). \15\ An MDO to buy or sell with a limit price that is less than the prevailing NBB or higher than the prevailing NBO, respectively, will continue to be posted to the EDGA Book at its limit price. See Exchange Rule 11.8(e). --------------------------------------------------------------------------- The Exchange also proposes to amend renumbered paragraph (7) to make two non-substantive, clarifying changes and to replace the term ``displayed'' with ``pegged''. The current language states that an MDO with a limit price and time-in-force of Day that rests on the EDGA Book will be repriced. The Exchange proposes to delete the phrase ``with a limit price and a time-in-force of Day'' as all MDOs must include a limit price and may include time-in-force instructions other than Day that would cause them to rest on the EDGA Book, such as RHO, GTX, and GTD. Paragraph (7) also states that the pegged price of an MDO that is resting on the EDGA Book will be adjusted in response to changes in the midpoint of the NBBO. While this language is technically correct and the midpoint of the NBBO will change in the case where either the NBB or NBO changes, the Exchange proposes to amend paragraph (7) to clarify that the pegged price will be adjusted in response to changes in the NBB or NBO as those are the prices that the pegged price tracks. Lastly, the amended rule would state that any unexecuted portion of an MDO that is resting on the EDGA Book will receive a new time stamp each time its pegged price, rather than displayed price, is automatically adjusted in response to changes in the NBBO. Today, for purposes of MDO priority, the displayed price of an MDO is treated like a Limit Order that is displayed on the EDGA Book.\16\ Limit Orders with a Non-Displayed instruction have priority behind Limit Orders with a Displayed instruction resting on the EDGA Book.\17\ In order to continue to treat MDO priority consistent with that of Limit Orders, and not like other orders with a Pegged instruction, the Exchange proposes that an MDO with a Non-Displayed instruction will have the same priority as Limit Orders with a Non-Displayed instruction when executed at their pegged price. As a result, the Exchange proposes to amend paragraph (a)(2)(C)(i) of Rule 11.9 to specify that, for purposes of order priority, the pegged price of an MDO, like its displayed price today, will be treated as a Limit Order, as defined in Exchange Rule 11.8(b). This change is designed to account for the pegged price of an MDO being Displayed or Non-Displayed and the proposed priority of an MDO with a Non-Displayed instruction. MDOs executed in their Discretionary Range will maintain the same priority as they do today regardless of whether their pegged price is displayed on the EDGA Book.\18\ --------------------------------------------------------------------------- \16\ See Exchange Rule 11.9(a)(2)(C)(i). \17\ See Exchange Rule 11.9(a)(2)(A)(ii). \18\ See Exchange Rule 11.9(a)(2)(A)(iv). --------------------------------------------------------------------------- 2. Statutory Basis The Exchange believes that its proposal is consistent with Section 6(b) of the Act \19\ in general, and furthers the objectives of Section 6(b)(5) of the Act \20\ in particular, in that it is designed to promote just and equitable principles of trade, to foster cooperation and coordination with persons engaged in 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. The proposed rule change promotes just and equitable principles of trade because it would provide Users who utilize MDOs with additional flexibility by enabling such Users to elect that the pegged price of the MDO not be displayed on the EDGA Book. All other aspects of an MDO will remain unchanged. Allowing for the non-display of MDOs on the EDGA Book would minimize the market impact of larger orders. The proposed rule change may also incentivize Users to enter MDOs with large sizes thereby increasing liquidity at the NBBO as well as the midpoint of the NBBO, resulting in increased price improvement opportunities for contra-side orders. The Exchange notes that electing that an MDO be Non-Displayed would be voluntary, and that such orders will default to Displayed unless the User elects Non-Displayed. --------------------------------------------------------------------------- \19\ 15 U.S.C. 78f(b). \20\ 15 U.S.C. 78f(b)(5). --------------------------------------------------------------------------- Furthermore, the Exchange notes that NYSE Arca, Inc. (``NYSE Arca'') and the Investors Exchange LLC (``IEX'') both currently offer order types that peg to the NBBO with discretion to execute to the midpoint of the NBBO and allow for the order's pegged price to not be displayed on their respective order books.\21\ --------------------------------------------------------------------------- \21\ See NYSE Arca Rule 7.31(h)(3) (defining the Discretionary Pegged Order). See also Securities Exchange Act Release No. 78181 (June 28, 2016), 81 FR 43297 (July 1, 2016) (order approving the Discretionary Pegged Order). See IEX Rule 11.190(a)(3) (defining Pegged Orders as a non-displayed order which may be pegged to the inside quote on the same side of the market with discretion to the midpoint of the NBBO, i.e., Discretionary Peg orders). See also Securities Exchange Act Release No. 78101 (June 17, 2016), 81 FR 41141 (June 23, 2016) (order approving the IEX exchange application, which included IEX's Pegged Orders and Discretionary Peg Order). --------------------------------------------------------------------------- Lastly, the Exchange believes the non-substantive clarifying changes to Exchange Rule 11.8(e) remove impediments to and perfect the mechanism of a free and open market and a national market system as they seek to remove or correct in order to ensure the rule accurately reflects the operation of MDOs and avoid potential investor confusion. Therefore, the Exchange believes the proposal removes impediments to and perfects the mechanism of a free and open market and a national market system, and, in general, protects investors and the public interest. (B) Self-Regulatory Organization's Statement on Burden on Competition The Exchange does not believe that the proposed rule change will result in [[Page 40825]] any burden on competition that is not necessary or appropriate in furtherance of the purposes of the Act, as amended. On the contrary, the Exchange believes the proposed rule change promotes competition because it will enable the Exchange to offer functionality similar to that offered by NYSE Arca and IEX.\22\ Therefore, the Exchange does not believe the proposed rule change will result in any burden on intermarket competition that is not necessary or appropriate in furtherance of the purposes of the Act. --------------------------------------------------------------------------- \22\ Id. --------------------------------------------------------------------------- (C) Self-Regulatory Organization's Statement on Comments on the Proposed Rule Change Received From Members, Participants or Others No comments were solicited or received 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: (A) Significantly affect the protection of investors or the public interest; (B) impose any significant burden on competition; and (C) by its terms, 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) of the Act \23\ and paragraph (f)(6) of Rule 19b-4 thereunder,\24\ the Exchange has designated this rule filing as non-controversial. The Exchange has given the Commission written notice of its 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. --------------------------------------------------------------------------- \23\ 15 U.S.C. 78s(b)(3)(A). \24\ 17 CFR 240.19b-4. --------------------------------------------------------------------------- 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: (1) Necessary or appropriate in the public interest; (2) for the protection of investors; or (3) otherwise in furtherance of the purposes of the Act. If the Commission takes such action, the Commission shall institute proceedings to determine whether the proposed rule 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 CommentsUse 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-BatsEDGA-2017-21 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-BatsEDGA-2017-21. 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-BatsEDGA-2017-21 and should be submitted on or before September 18, 2017. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.\25\ --------------------------------------------------------------------------- \25\ 17 CFR 200.30-3(a)(12). --------------------------------------------------------------------------- Eduardo A. Aleman, Assistant Secretary. [FR Doc. 2017-18126 Filed 8-25-17; 8:45 am] BILLING CODE 8011-01-P
![Federal Register / Vol. 82, No. 165 / Monday, August 28, 2017 / Notices 40823
Electronic Comments SECURITIES AND EXCHANGE the most significant parts of such
COMMISSION statements.
• Use the Commission’s Internet
comment form (http://www.sec.gov/ [Release No. 34–81454; File No. SR– (A) Self-Regulatory Organization’s
rules/sro.shtml); or BatsEDGA–2017–21] Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
• Send an email to rule-comments@ Self-Regulatory Organizations; Bats Change
sec.gov. Please include File Number SR– EDGA Exchange, Inc.; Notice of Filing
NYSEArca–2017–88 on the subject line. and Immediate Effectiveness of a 1. Purpose
Proposed Rule Change To Amend Rule An MDO is a limit order to buy that
Paper Comments
11.8, Order Types, To Permit Midpoint is displayed at and pegged to the
• Send paper comments in triplicate Discretionary Orders To Be Non- National Best Bid (‘‘NBB’’), with
to Brent J. Fields, Secretary, Securities Displayed discretion to execute at prices up to and
and Exchange Commission, 100 F Street August 22, 2017. including the midpoint of the National
NE., Washington, DC 20549–1090. Pursuant to Section 19(b)(1) of the Best Bid and Offer (‘‘NBBO’’), or a limit
Securities Exchange Act of 1934 (the order to sell that is displayed at and
All submissions should refer to File pegged to the National Best Offer
Number SR–NYSEArca–2017–88. This ‘‘Act’’),1 and Rule 19b–4 thereunder,2
notice is hereby given that on August (‘‘NBO’’), with discretion to execute at
file number should be included on the prices down to and including the
subject line if email is used. To help the 11, 2017, Bats EDGA Exchange, Inc. (the
‘‘Exchange’’ or ‘‘EDGA’’) filed with the midpoint of the NBBO.6 MDOs are
Commission process and review your designed to exercise discretion to
comments more efficiently, please use Securities and Exchange Commission
(‘‘Commission’’) the proposed rule execute to the midpoint of the NBBO
only one method. The Commission will and provide price improvement over the
change as described in Items I, II, and
post all comments on the Commission’s NBBO.
III below, which Items have been
Internet Web site (http://www.sec.gov/ prepared by the Exchange. The Currently, an MDO is displayed on
rules/sro.shtml). Copies of the Exchange has designated this proposal the EDGA Book 7 at the NBB or NBO to
submission, all subsequent as a ‘‘non-controversial’’ proposed rule which it is pegged. The Exchange now
amendments, all written statements change pursuant to Section 19(b)(3)(A) proposes to permit Users 8 to elect that
with respect to the proposed rule of the Act 3 and Rule 19b–4(f)(6)(iii) their MDO be Non-Displayed on the
change that are filed with the thereunder,4 which renders it effective EDGA Book by amending paragraph (e)
Commission, and all written upon filing with the Commission. The of Exchange Rule 11.8, Order Types.
communications relating to the Commission is publishing this notice to Therefore, the Exchange proposes to add
proposed rule change between the solicit comments on the proposed rule new paragraph (4) to the description of
Commission and any person, other than change from interested persons. MDOs under Rule 11.8(e) stating that an
those that may be withheld from the MDO will default to a Displayed 9
I. Self-Regulatory Organization’s instruction unless the User includes a
public in accordance with the
Statement of the Terms of Substance of Non-Displayed instruction on the order
provisions of 5 U.S.C. 552, will be
the Proposed Rule Change and will be Displayed or Non-Displayed
available for Web site viewing and
printing in the Commission’s Public The Exchange filed a proposed rule on the EDGA Book at its pegged or limit
change to permit MidPoint price in accordance with paragraph (e)
Reference Room, 100 F Street NE.,
Discretionary Orders (‘‘MDO’’) to be of Rule 11.8.10 The price to which an
Washington, DC 20549 on official
Non-Displayed 5 by amending paragraph MDO is pegged to, whether Displayed or
business days between the hours of Non-Displayed, will continue to operate
10:00 a.m. and 3:00 p.m. Copies of the (e) of Exchange Rule 11.8, Order Types.
The text of the proposed rule change in the same manner as it does today in
filing also will be available for all other respects. Proposed paragraph
is available at the Exchange’s Web site
inspection and copying at the principal (4) of Rule 11.8(e) would also specify
at www.bats.com, at the principal office
office of the Exchange. All comments that a User may elect that its MDO that
of the Exchange, and at the
received will be posted without change; Commission’s Public Reference Room. is displayed on the EDGA Book include
the Commission does not edit personal the User’s market participant identifier
identifying information from II. Self-Regulatory Organization’s (‘‘MPID’’) by selecting the Attributable
submissions. You should submit only Statement of the Purpose of, and instruction.11 Otherwise, an MDO with
information that you wish to make Statutory Basis for, the Proposed Rule a Displayed instruction will
available publicly. All submissions Change automatically default to a Non-
should refer to File Number SR– In its filing with the Commission, the Attributable 12 instruction. This is
NYSEArca–2017–88 and should be Exchange included statements consistent with the current operation of
submitted on or before September 18, concerning the purpose of and basis for orders that are to be displayed on the
2017. the proposed rule change and discussed EDGA Book.13
For the Commission, by the Division of
any comments it received on the
Trading and Markets, pursuant to delegated
proposed rule change. The text of these 6 See Exchange Rule 11.8(e) for a complete
statements may be examined at the description of the operation of MDOs.
authority.22
asabaliauskas on DSKBBXCHB2PROD with NOTICES
7 See Exchange Rule 1.5(d).
places specified in Item IV below. The
Eduardo A. Aleman, 8 See Exchange Rule 1.5(ee).
Exchange has prepared summaries, set 9 See Exchange Rule 11.6(e)(1).
Assistant Secretary. forth in Sections A, B, and C below, of 10 The Exchange proposes to renumber existing
[FR Doc. 2017–18125 Filed 8–25–17; 8:45 am]
paragraph (4) as (5) and to increase the numbering
1 15 U.S.C. 78s(b)(1).
BILLING CODE 8011–01–P of each following paragraph under Rule 11.8(e)
2 17 CFR 240.19b–4. accordingly.
3 15 U.S.C. 78s(b)(3)(A). 11 See Exchange Rule 11.6(a).
4 17 CFR 240.19b–4(f)(6)(iii). 12 See Exchange Rule 11.6(a)(1).
22 17 CFR 200.30–3(a)(12). 5 See Exchange Rule 11.6(e)(2). 13 See e.g, Exchange Rule 11.8(b)(4).
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![Federal Register / Vol. 82, No. 165 / Monday, August 28, 2017 / Notices 40825
any burden on competition that is not including whether the proposed rule SMALL BUSINESS ADMINISTRATION
necessary or appropriate in furtherance change is consistent with the Act.
of the purposes of the Act, as amended. Comments may be submitted by any of [Disaster Declaration #15226 and #15227;
On the contrary, the Exchange believes the following methods: NEBRASKA Disaster Number NE–00069]
the proposed rule change promotes
Electronic Comments
competition because it will enable the Presidential Declaration Amendment of
Exchange to offer functionality similar • Use the Commission’s Internet a Major Disaster for Public Assistance
to that offered by NYSE Arca and IEX.22 comment form (http://www.sec.gov/ Only for the State of Nebraska
Therefore, the Exchange does not rules/sro.shtml); or
believe the proposed rule change will • Send an email to rule-comments@ AGENCY:U.S. Small Business
result in any burden on intermarket sec.gov. Please include File Number SR– Administration.
competition that is not necessary or BatsEDGA–2017–21 on the subject line.
appropriate in furtherance of the ACTION: Amendment 1.
purposes of the Act. Paper Comments
• Send paper comments in triplicate SUMMARY: This is an amendment of the
(C) Self-Regulatory Organization’s Presidential declaration of a major
Statement on Comments on the to Secretary, Securities and Exchange
Commission, 100 F Street NE., disaster for Public Assistance Only for
Proposed Rule Change Received From
Washington, DC 20549–1090. the State of NEBRASKA (FEMA–4325–
Members, Participants or Others
DR), dated 08/01/2017.
No comments were solicited or All submissions should refer to File
Number SR-BatsEDGA–2017–21. This Incident: Severe Storms, Tornadoes,
received on the proposed rule change.
file number should be included on the and Straight-line Winds.
III. Date of Effectiveness of the subject line if email is used. To help the Incident Period: 06/12/2017 through
Proposed Rule Change and Timing for Commission process and review your 06/17/2017.
Commission Action comments more efficiently, please use
Because the foregoing proposed rule only one method. The Commission will DATES: Issued on 08/01/2017.
change does not: (A) Significantly affect post all comments on the Commission’s Physical Loan Application Deadline
the protection of investors or the public Internet Web site (http://www.sec.gov/ Date: 10/02/2017.
interest; (B) impose any significant rules/sro.shtml). Copies of the Economic Injury (EIDL) Loan
burden on competition; and (C) by its submission, all subsequent Application Deadline Date: 05/01/2018.
terms, become operative for 30 days amendments, all written statements
from the date on which it was filed or with respect to the proposed rule ADDRESSES: Submit completed loan
such shorter time as the Commission change that are filed with the applications to: U.S. Small Business
may designate it has become effective Commission, and all written Administration, Processing And
pursuant to Section 19(b)(3)(A) of the communications relating to the Disbursement Center, 14925 Kingsport
Act 23 and paragraph (f)(6) of Rule 19b– proposed rule change between the Road, Fort Worth, TX 76155.
4 thereunder,24 the Exchange has Commission and any person, other than
those that may be withheld from the FOR FURTHER INFORMATION CONTACT: A
designated this rule filing as non-
controversial. The Exchange has given public in accordance with the Escobar, Office of Disaster Assistance,
the Commission written notice of its provisions of 5 U.S.C. 552, will be U.S. Small Business Administration,
intent to file the proposed rule change, available for Web site viewing and 409 3rd Street SW., Suite 6050,
along with a brief description and text printing in the Commission’s Public Washington, DC 20416, (202) 205–6734.
of the proposed rule change at least five Reference Room, 100 F Street NE., SUPPLEMENTARY INFORMATION: The notice
business days prior to the date of filing Washington, DC 20549, on official of the President’s major disaster
of the proposed rule change, or such business days between the hours of declaration for Private Non-Profit
shorter time as designated by the 10:00 a.m. and 3:00 p.m. Copies of the organizations in the State of
Commission. filing also will be available for
NEBRASKA, dated 08/01/2017, is
At any time within 60 days of the inspection and copying at the principal
hereby amended to include the
filing of the proposed rule change, the office of the Exchange. All comments
following areas as adversely affected by
Commission summarily may received will be posted without change;
temporarily suspend such rule change if the Commission does not edit personal the disaster.
it appears to the Commission that such identifying information from Primary Counties: Platte
action is: (1) Necessary or appropriate in submissions. You should submit only
the public interest; (2) for the protection information that you wish to make All other information in the original
of investors; or (3) otherwise in available publicly. All submissions declaration remains unchanged.
furtherance of the purposes of the Act. should refer to File Number SR– (Catalog of Federal Domestic Assistance
If the Commission takes such action, the BatsEDGA–2017–21 and should be Number 59008)
Commission shall institute proceedings submitted on or before September 18,
James E. Rivera,
to determine whether the proposed rule 2017.
should be approved or disapproved. Associate Administrator for Disaster
For the Commission, by the Division of
asabaliauskas on DSKBBXCHB2PROD with NOTICES
Assistance.
IV. Solicitation of Comments Trading and Markets, pursuant to delegated
authority.25 [FR Doc. 2017–18130 Filed 8–25–17; 8:45 am]
Interested persons are invited to Eduardo A. Aleman, BILLING CODE 8025–01–P
submit written data, views, and
Assistant Secretary.
arguments concerning the foregoing,
[FR Doc. 2017–18126 Filed 8–25–17; 8:45 am]
22 Id. BILLING CODE 8011–01–P
23 15 U.S.C. 78s(b)(3)(A).
24 17 CFR 240.19b–4. 25 17 CFR 200.30–3(a)(12).
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Document Created: 2017-08-28 11:30:33
Document Modified: 2017-08-28 11:30:33
| Category | Regulatory Information | |
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| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
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