82 FR 41077 - Self-Regulatory Organizations; Investors Exchange LLC; Notice of Filing of Proposed Rule Change To Adopt Rule 14.602 To Describe the Complimentary Products and Services To Be Made Available to All Listed Companies

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 82, Issue 166 (August 29, 2017)

Page Range		41077-41079
FR Document		2017-18242
Federal Register, Volume 82 Issue 166 (Tuesday, August 29, 2017)
[Federal Register Volume 82, Number 166 (Tuesday, August 29, 2017)]
[Notices]
[Pages 41077-41079]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-18242]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-81469; File No. SR-IEX-2017-20]


Self-Regulatory Organizations; Investors Exchange LLC; Notice of 
Filing of Proposed Rule Change To Adopt Rule 14.602 To Describe the 
Complimentary Products and Services To Be Made Available to All Listed 
Companies

August 23, 2017.
    Pursuant to Section 19(b)(1) \1\ of the Securities Exchange Act of 
1934 (the ``Act'') \2\ and Rule 19b-4 thereunder,\3\ notice is hereby 
given that, on August 10, 2017, the Investors Exchange LLC (``IEX'' or 
the ``Exchange'') 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 self-regulatory 
organization. The Commission is publishing this notice to solicit 
comments on the proposed rule change from interested persons.
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    \1\ 15 U.S.C.78s(b)(1).
    \2\ 15 U.S.C. 78a.
    \3\ 17 CFR 240.19b-4.

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[[Page 41078]]

I. Self-Regulatory Organization's Statement of the Terms of Substance 
of the Proposed Rule Change

    Pursuant to the provisions of Section 19(b)(1) of the Securities 
Exchange Act of 1934 (``Exchange Act''),\4\ and Rule 19b-4 
thereunder,\5\ Investors Exchange LLC (``IEX'' or ``Exchange'') is 
filing with the Commission a proposed rule change to adopt Rule 14.602 
to describe the complimentary products and services to be made 
available to all listed companies.
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    \4\ 15 U.S.C. 78s(b)(1).
    \5\ 17 CRF [sic] 240.19b-4.
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    The text of the proposed rule change is available at the Exchange's 
Web site at www.iextrading.com, at the principal office of the 
Exchange, and at the Commission's Public Reference Room.

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

    In its filing with the Commission, the self-regulatory organization 
included statements concerning the purpose of and basis for the 
proposed rule change and discussed any comments it received on the 
proposed rule change. The text of these statements may be examined at 
the places specified in Item IV below. The self-regulatory organization 
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
    On June 17, 2016, the Commission granted IEX's application for 
registration as a national securities exchange under Section 6 of the 
Act including approval of rules applicable to the qualification, 
listing and delisting of companies on the Exchange. The Exchange plans 
to begin a listing program in 2017 and is proposing to adopt Rule 
14.602 to describe the complimentary products and services that will be 
offered to all listed companies in this proposed rule change.
    As proposed, IEX will provide all listed companies with the same 
optional complimentary services through access to IEX Issuer, a market 
information analytics platform consisting of access to a team of market 
professionals and web-based content. The team of market professionals 
will serve as a single source of timely market intelligence, 
fundamental and technical trading analysis, and real-time market 
information to all listed companies. The web-based portion of IEX 
Issuer will provide similar information that will enable all listed 
companies to follow their stock's trading, competitors, and market 
activity through an online interface. In addition, IEX Issuer may, from 
time to time, provide information about products and services from 
third-party vendors that IEX determines may be relevant to listed 
issuers. Provision of any products and services from a third-party 
vendor would need to be effected through arrangements directly between 
the listed issuer and the third-party vendor, without any subsidy or 
other involvement by the Exchange. A description of all products and 
services available through IEX Issuer will be provided on the 
Exchange's Web site.
    All issuers listed on the Exchange will have access to services 
through IEX Issuer on the same basis. IEX is not proposing to offer any 
additional products and services to listed companies on a tiered or 
differentiated basis.
2. Statutory Basis
    IEX believes that the proposed rule change is consistent with 
Section 6 of the Act \6\ in general, and furthers the objectives of 
Section 6(b)(4) \7\ of the Act, in particular, in that it is designed 
to provide for the equitable allocation of reasonable dues, fees, and 
other charges among its members and issuers and other persons using its 
facilities. The Exchange also believes that the proposed rule change is 
consistent with Section 6(b)(5) of the Act \8\ in that it is not 
designed to permit unfair discrimination between customers, issuers, 
brokers, or dealers.
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    \6\ 15 U.S.C. 78F [sic]
    \7\ 15 U.S.C. 78f(b)(4).
    \8\ 15 U.S.C. 78f(b)(5).
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    The Exchange believes that it is fair and reasonable to offer 
optional complimentary products and services to attract and retain 
listings in a highly competitive market. The Exchange believes that the 
existing U.S. exchange listing market for operating companies is 
essentially a duopoly of the New York Stock Exchange (``NYSE'') and 
Nasdaq Stock Market (``Nasdaq''), with the vast majority of operating 
companies listed on U.S. securities exchanges listed on those two. Both 
NYSE and Nasdaq offer complimentary products and services to listed 
companies,\9\ and the Exchange believes that some listed companies want 
such products and services. The Exchange expects to face significant 
competition from NYSE and Nasdaq as a new entrant into the exchange 
listing market, and believes that offering IEX Issuer will facilitate 
its ability to attract and retain the listing of companies that want 
complimentary products and services. IEX believes that to the extent 
IEX's listing program is successful, it will provide a competitive 
alternative, which will thereby benefit issuers and investors, remove 
impediments to and perfect the mechanism of a free and open market and 
a national market system, consistent with the protection of investors 
and the public interest.
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    \9\ See Section 907.00 of the NYSE Listed Company Manual and 
Nasdaq Rule IM-5900-7.
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    The Exchange believes that its proposed provision of issuer 
products and services is fair and not unfairly discriminatory because 
it will offer all products and services to each listed company on the 
same terms and conditions without differentiation among listed 
companies whereby certain companies receive enhanced or more services.

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

    IEX does not believe that the proposed rule change will result in 
any burden on competition that is not necessary or appropriate in 
furtherance of the purposes of the Act. To the contrary, and as 
discussed in the Statutory Basis section, IEX believes that the 
proposed rule change will enhance competition by facilitating IEX's 
listing program which will allow the Exchange to provide companies with 
another listing option, thereby promoting intermarket competition 
between exchanges in furtherance of the principles of Section 11A(a)(1) 
of the Act \10\ in that it is designed to promote fair competition 
between exchange markets by offering a new listing market to compete 
with Nasdaq and NYSE. Moreover, as a new listing venue, IEX expects to 
face intense competition from existing exchanges. Consequently, the 
degree to which IEX's products and services offerings to listed 
companies could impose any burden on intermarket competition is 
extremely limited, and IEX does not believe that such products and 
services offering would impose any burden on competing venues that is 
not necessary or appropriate in furtherance of the purposes of the Act.
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    \10\ 15 U.S.C. 78k-1(a)(1).
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    IEX also does not believe that the proposed rule change will result 
in any burden on intramarket competition since IEX will offer the 
complimentary products and services to all listed companies on the same 
basis without any differentiation. Consequently, IEX does not believe 
that the proposal will

[[Page 41079]]

impose any burden on intramarket competition that is not necessary or 
appropriate in furtherance of the purposes of the Act.
    IEX also notes that it does not have exclusive arrangements with 
third-party vendors with respect to optional access to discounted 
products and services from third-party vendors. IEX believes that 
multiple third-party vendors offer similar services and listed 
companies will not be required to accept any discounted products and 
services as a condition to listing. IEX listed companies are free to 
purchase similar products and services from other vendors, or not to 
use any such products and services, instead of accepting the products 
and services described herein offered by the Exchange. Thus, even if 
IEX were to list a large number of companies, it nonetheless does not 
believe that the proposed rule change will adversely impact competition 
for such products and services.

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

    Written comments were neither solicited nor received.

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

    Within 45 days of the date of publication of this notice in the 
Federal Register or within such longer period up to 90 days (i) as the 
Commission may designate if it finds such longer period to be 
appropriate and publishes its reasons for so finding or (ii) as to 
which the self-regulatory organization consents, the Commission will:
    (A) by order approve or disapprove such proposed rule change, or
    (B) institute proceedings to determine whether the proposed rule 
change should be 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-IEX-2017-20 on the subject line.

Paper Comments

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

All submissions should refer to File Number SR-IEX-2017-20. 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-IEX-2017-20 and should be 
submitted on or before September 19, 2017.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\11\
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    \11\ 17 CFR 200.30-3(a)(12).
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Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017-18242 Filed 8-28-17; 8:45 am]
 BILLING CODE 8011-01-P
Federal Register / Vol. 82, No. 166 / Tuesday, August 29, 2017 / Notices 41077

Commission, 100 F Street NE., Notice is hereby given that, pursuant of information unless it displays a
Washington, DC 20549–1090. to the Paperwork Reduction Act of 1995 currently valid OMB control number.
(44 U.S.C. 3501 et seq.), the Securities Written comments are invited on: (a)
All submissions should refer to File
and Exchange Commission (the Whether the proposed collection of
Number SR–NYSEAMER–2017–05. This
‘‘Commission’’) is soliciting comments information is necessary for the proper
file number should be included on the
on the collection of information performance of the functions of the
subject line if email is used. To help the
summarized below. The Commission agency, including whether the
Commission process and review your
plans to submit this existing collection information will have practical utility;
comments more efficiently, please use
of information to the Office of (b) the accuracy of the agency’s estimate
only one method. The Commission will
Management and Budget (‘‘OMB’’) for of the burden of the collection of
post all comments on the Commission’s
extension and approval. information; (c) ways to enhance the
Internet Web site (http://www.sec.gov/
Under the Investment Company Act quality, utility, and clarity of the
rules/sro.shtml). Copies of the
of 1940 (15 U.S.C. 80a–1 et seq.) (the information collected; and (d) ways to
submission, all subsequent
‘‘Investment Company Act’’), certain minimize the burden of the collection of
amendments, all written statements
investment companies can elect to be information on respondents, including
with respect to the proposed rule
regulated as business development through the use of automated collection
change that are filed with the
companies, as defined in Section techniques or other forms of information
Commission, and all written
2(a)(48) of the Investment Company Act technology. Consideration will be given
communications relating to the
(15 U.S.C. 80a–2(a)(48)). Under Section to comments and suggestions submitted
proposed rule change between the
54(a) of the Investment Company Act in writing within 60 days of this
Commission and any person, other than
(15 U.S.C. 80a–53(a)), any company publication.
those that may be withheld from the
defined in Section 2(a)(48)(A) and (B) Please direct your written comments
public in accordance with the
may elect to be subject to the provisions to Pamela Dyson, Director/Chief
provisions of 5 U.S.C. 552, will be
of Sections 55 through 65 of the Information Officer, Securities and
available for Web site viewing and
Investment Company Act (15 U.S.C. Exchange Commission, C/O Remi
printing in the Commission’s Public
80a–54 to 80a–64) by filing with the Pavlik-Simon, 100 F Street NE.,
Reference Room, 100 F Street N.,
Commission a notification of election, if Washington, DC 20549; or send an email
Washington, DC 20549, on official
such company has: (1) A class of equity to: PRA_Mailbox@sec.gov.
business days between the hours of
securities registered under Section 12 of Dated: August 23, 2017.
10:00 a.m. and 3:00 p.m. Copies of the
the Securities Exchange Act of 1934 (15
filing also will be available for Eduardo A. Aleman,
U.S.C. 78a et seq.) (‘‘Exchange Act’’); or
inspection and copying at the principal Assistant Secretary.
(2) filed a registration statement
office of the Exchange. All comments [FR Doc. 2017–18229 Filed 8–28–17; 8:45 am]
pursuant to Section 12 of the Exchange
received will be posted without change; BILLING CODE 8011–01–P
Act for a class of equity securities. The
the Commission does not edit personal
Commission has adopted Form N–54A
identifying information from
(17 CFR 274.53) as the form for
submissions. You should submit only SECURITIES AND EXCHANGE
notification of election to be regulated
information that you wish to make COMMISSION
as business development companies.
available publicly. All submissions
should refer to File Number SR– The purpose of Form N–54A is to
notify the Commission that the [Release No. 34–81469; File No. SR–IEX–
NYSEAMER–2017–05, and should be 2017–20]
submitted on or before September 19, investment company making the
2017. notification elects to be subject to
Self-Regulatory Organizations;
Sections 55 through 65 of the
For the Commission, by the Division of Investors Exchange LLC; Notice of
Investment Company Act, enabling the
Trading and Markets, pursuant to delegated Filing of Proposed Rule Change To
Commission to administer those
authority.7 Adopt Rule 14.602 To Describe the
provisions of the Investment Company
Eduardo A. Aleman, Complimentary Products and Services
Act to such companies.
To Be Made Available to All Listed
Assistant Secretary. The Commission estimates that on Companies
[FR Doc. 2017–18243 Filed 8–28–17; 8:45 am] average approximately 12 business
BILLING CODE 8011–01–P development companies file these August 23, 2017.
notifications each year. Each of those Pursuant to Section 19(b)(1) 1 of the
business development companies need Securities Exchange Act of 1934 (the
SECURITIES AND EXCHANGE only make a single filing of Form N– ‘‘Act’’) 2 and Rule 19b–4 thereunder,3
COMMISSION 54A. The Commission further estimates notice is hereby given that, on August
that this information collection imposes 10, 2017, the Investors Exchange LLC
Proposed Collection; Comment a burden of 0.5 hours, resulting in a (‘‘IEX’’ or the ‘‘Exchange’’) filed with the
Request total annual PRA burden of 6 hours. Securities and Exchange Commission
Based on the estimated wage rate, the (the ‘‘Commission’’) the proposed rule
Upon Written Request, Copies Available total cost to the business development change as described in Items I and II
From: Securities and Exchange company industry of the hour burden below, which Items have been prepared
Commission, Office of FOIA Services, for complying with Form N–54A would
sradovich on DSK3GMQ082PROD with NOTICES

by the self-regulatory organization. The
100 F Street NE., Washington, DC be approximately $2,070. Commission is publishing this notice to
20549–2736. The collection of information under solicit comments on the proposed rule
Extension: Form N–54A is mandatory. The change from interested persons.
Form N–54A. SEC File No. 270–182, OMB information provided under the form is
Control No. 3235–0237 not kept confidential. An agency may 1 15 U.S.C.78s(b)(1).
not conduct or sponsor, and a person is 2 15 U.S.C. 78a.
7 17 CFR 200.30–3(a)(12). not required to respond to, a collection 3 17 CFR 240.19b–4.

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41078 Federal Register / Vol. 82, No. 166 / Tuesday, August 29, 2017 / Notices

I. Self-Regulatory Organization’s information to all listed companies. The a new entrant into the exchange listing
Statement of the Terms of Substance of web-based portion of IEX Issuer will market, and believes that offering IEX
the Proposed Rule Change provide similar information that will Issuer will facilitate its ability to attract
Pursuant to the provisions of Section enable all listed companies to follow and retain the listing of companies that
19(b)(1) of the Securities Exchange Act their stock’s trading, competitors, and want complimentary products and
of 1934 (‘‘Exchange Act’’),4 and Rule market activity through an online services. IEX believes that to the extent
19b–4 thereunder,5 Investors Exchange interface. In addition, IEX Issuer may, IEX’s listing program is successful, it
LLC (‘‘IEX’’ or ‘‘Exchange’’) is filing from time to time, provide information will provide a competitive alternative,
with the Commission a proposed rule about products and services from third- which will thereby benefit issuers and
change to adopt Rule 14.602 to describe party vendors that IEX determines may investors, remove impediments to and
the complimentary products and be relevant to listed issuers. Provision of perfect the mechanism of a free and
services to be made available to all any products and services from a third- open market and a national market
listed companies. party vendor would need to be effected system, consistent with the protection of
The text of the proposed rule change through arrangements directly between investors and the public interest.
the listed issuer and the third-party The Exchange believes that its
is available at the Exchange’s Web site
vendor, without any subsidy or other proposed provision of issuer products
at www.iextrading.com, at the principal
involvement by the Exchange. A and services is fair and not unfairly
office of the Exchange, and at the
description of all products and services discriminatory because it will offer all
Commission’s Public Reference Room.
available through IEX Issuer will be products and services to each listed
II. Self-Regulatory Organization’s provided on the Exchange’s Web site. company on the same terms and
Statement of the Purpose of, and All issuers listed on the Exchange will conditions without differentiation
Statutory Basis for, the Proposed Rule have access to services through IEX among listed companies whereby
Change Issuer on the same basis. IEX is not certain companies receive enhanced or
In its filing with the Commission, the proposing to offer any additional more services.
self-regulatory organization included products and services to listed B. Self-Regulatory Organization’s
statements concerning the purpose of companies on a tiered or differentiated Statement on Burden on Competition
and basis for the proposed rule change basis.
IEX does not believe that the
and discussed any comments it received 2. Statutory Basis proposed rule change will result in any
on the proposed rule change. The text burden on competition that is not
of these statements may be examined at IEX believes that the proposed rule
change is consistent with Section 6 of necessary or appropriate in furtherance
the places specified in Item IV below. of the purposes of the Act. To the
The self-regulatory organization has the Act 6 in general, and furthers the
objectives of Section 6(b)(4) 7 of the Act, contrary, and as discussed in the
prepared summaries, set forth in Statutory Basis section, IEX believes
Sections A, B, and C below, of the most in particular, in that it is designed to
provide for the equitable allocation of that the proposed rule change will
significant aspects of such statements. enhance competition by facilitating
reasonable dues, fees, and other charges
A. Self-Regulatory Organization’s among its members and issuers and IEX’s listing program which will allow
Statement of the Purpose of, and other persons using its facilities. The the Exchange to provide companies
Statutory Basis for, the Proposed Rule Exchange also believes that the with another listing option, thereby
Change proposed rule change is consistent with promoting intermarket competition
Section 6(b)(5) of the Act 8 in that it is between exchanges in furtherance of the
1. Purpose principles of Section 11A(a)(1) of the
not designed to permit unfair
On June 17, 2016, the Commission Act 10 in that it is designed to promote
discrimination between customers,
granted IEX’s application for registration fair competition between exchange
issuers, brokers, or dealers.
as a national securities exchange under The Exchange believes that it is fair markets by offering a new listing market
Section 6 of the Act including approval and reasonable to offer optional to compete with Nasdaq and NYSE.
of rules applicable to the qualification, complimentary products and services to Moreover, as a new listing venue, IEX
listing and delisting of companies on attract and retain listings in a highly expects to face intense competition from
the Exchange. The Exchange plans to competitive market. The Exchange existing exchanges. Consequently, the
begin a listing program in 2017 and is believes that the existing U.S. exchange degree to which IEX’s products and
proposing to adopt Rule 14.602 to listing market for operating companies services offerings to listed companies
describe the complimentary products is essentially a duopoly of the New York could impose any burden on
and services that will be offered to all Stock Exchange (‘‘NYSE’’) and Nasdaq intermarket competition is extremely
listed companies in this proposed rule Stock Market (‘‘Nasdaq’’), with the vast limited, and IEX does not believe that
change. majority of operating companies listed such products and services offering
As proposed, IEX will provide all on U.S. securities exchanges listed on would impose any burden on competing
listed companies with the same optional those two. Both NYSE and Nasdaq offer venues that is not necessary or
complimentary services through access complimentary products and services to appropriate in furtherance of the
to IEX Issuer, a market information listed companies,9 and the Exchange purposes of the Act.
analytics platform consisting of access IEX also does not believe that the
believes that some listed companies
to a team of market professionals and proposed rule change will result in any
want such products and services. The
sradovich on DSK3GMQ082PROD with NOTICES

web-based content. The team of market burden on intramarket competition
Exchange expects to face significant
professionals will serve as a single since IEX will offer the complimentary
competition from NYSE and Nasdaq as
source of timely market intelligence, products and services to all listed
fundamental and technical trading 6 15U.S.C. 78F [sic]
companies on the same basis without
analysis, and real-time market 7 15U.S.C. 78f(b)(4). any differentiation. Consequently, IEX
8 15 U.S.C. 78f(b)(5). does not believe that the proposal will
4 15 U.S.C. 78s(b)(1). 9 See Section 907.00 of the NYSE Listed Company
5 17 CRF [sic] 240.19b–4. Manual and Nasdaq Rule IM–5900–7. 10 15 U.S.C. 78k–1(a)(1).

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Federal Register / Vol. 82, No. 166 / Tuesday, August 29, 2017 / Notices 41079

impose any burden on intramarket Paper Comments SECURITIES AND EXCHANGE
competition that is not necessary or COMMISSION
appropriate in furtherance of the • Send paper comments in triplicate
purposes of the Act. to Brent J. Fields, Secretary, Securities
[Release No. 34–81468; File No. SR–
IEX also notes that it does not have and Exchange Commission, 100 F Street BatsEDGX–2017–29]
exclusive arrangements with third-party NE., Washington, DC 20549–1090.
vendors with respect to optional access All submissions should refer to File Self-Regulatory Organizations; Bats
to discounted products and services Number SR–IEX–2017–20. This file EDGX Exchange, Inc.; Notice of
from third-party vendors. IEX believes number should be included on the Designation of Longer Period for
that multiple third-party vendors offer Commission Action on Proposed Rule
subject line if email is used. To help the
similar services and listed companies Change To Adopt New Rules That
Commission process and review your
will not be required to accept any Describe the Trading of Complex
comments more efficiently, please use Orders on the Exchange
discounted products and services as a only one method. The Commission will
condition to listing. IEX listed post all comments on the Commission’s August 23, 2017.
companies are free to purchase similar
Internet Web site (http://www.sec.gov/ On June 30, 2017, Bats EDGX
products and services from other
rules/sro.shtml). Copies of the Exchange, Inc. (the ‘‘Exchange’’ or
vendors, or not to use any such products
submission, all subsequent ‘‘EDGX’’) filed with the Securities and
and services, instead of accepting the
amendments, all written statements Exchange Commission (‘‘Commission’’),
products and services described herein
with respect to the proposed rule pursuant to Section 19(b)(1) of the
offered by the Exchange. Thus, even if
change that are filed with the Securities Exchange Act of 1934
IEX were to list a large number of
Commission, and all written (‘‘Act’’) 1 and Rule 19b–4 thereunder,2 a
companies, it nonetheless does not
communications relating to the proposed rule change to adopt new
believe that the proposed rule change
proposed rule change between the rules that describe the trading of
will adversely impact competition for
Commission and any person, other than complex orders on the Exchange’s
such products and services.
those that may be withheld from the equity options platform. The proposed
C. Self-Regulatory Organization’s public in accordance with the rule change was published for comment
Statement on Comments on the in the Federal Register on July 19,
provisions of 5 U.S.C. 552, will be
Proposed Rule Change Received From 2017.3 The Commission has received no
available for Web site viewing and
Members, Participants, or Others comment letters regarding the proposal.
printing in the Commission’s Public
Section 19(b)(2) of the Act 4 provides
Written comments were neither Reference Room, 100 F Street NE., that within 45 days of the publication of
solicited nor received. Washington, DC 20549, on official notice of the filing of a proposed rule
III. Date of Effectiveness of the business days between the hours of change, or within such longer period up
Proposed Rule Change and Timing for 10:00 a.m. and 3:00 p.m. Copies of the to 90 days as the Commission may
Commission Action filing also will be available for designate if it finds such longer period
inspection and copying at the principal to be appropriate and publishes its
Within 45 days of the date of office of the Exchange. All comments reasons for so finding or as to which the
publication of this notice in the Federal received will be posted without change; self-regulatory organization consents,
Register or within such longer period the Commission does not edit personal the Commission shall either approve the
up to 90 days (i) as the Commission may identifying information from proposed rule change, disapprove the
designate if it finds such longer period submissions. You should submit only proposed rule change, or institute
to be appropriate and publishes its information that you wish to make proceedings to determine whether the
reasons for so finding or (ii) as to which available publicly. All submissions proposed rule change should be
the self-regulatory organization should refer to File Number SR–IEX– disapproved. The 45th day for this filing
consents, the Commission will: 2017–20 and should be submitted on or is September 2, 2017.
(A) by order approve or disapprove before September 19, 2017. The Commission is extending the 45-
such proposed rule change, or day time period for Commission action
For the Commission, by the Division of
(B) institute proceedings to determine on the proposed rule change. The
Trading and Markets, pursuant to delegated
whether the proposed rule change Commission finds that it is appropriate
authority.11
should be disapproved. to designate a longer period within
Eduardo A. Aleman, which to take action on the proposed
IV. Solicitation of Comments Assistant Secretary. rule change so that it has sufficient time
Interested persons are invited to [FR Doc. 2017–18242 Filed 8–28–17; 8:45 am] to consider and take action on the
submit written data, views, and BILLING CODE 8011–01–P Exchange’s proposed rule change.
arguments concerning the foregoing, Accordingly, pursuant to Section
including whether the proposed rule 19(b)(2) of the Act 5 and for the reasons
change is consistent with the Act. stated above, the Commission
Comments may be submitted by any of designates October 17, 2017, as the date
the following methods: by which the Commission should either
approve or disapprove, or institute
sradovich on DSK3GMQ082PROD with NOTICES

Electronic Comments proceedings to determine whether to
• Use the Commission’s Internet
1 15 U.S.C. 78s(b)(1).
comment form (http://www.sec.gov/
2 17 CFR 240.19b–4.
rules/sro.shtml); or 3 See Securities Exchange Act Release No. 81137
• Send an email to rule-comments@ (July 13, 2017), 82 FR 33170.
sec.gov. Please include File Number SR– 4 15 U.S.C. 78s(b)(2).

IEX–2017–20 on the subject line. 11 17 CFR 200.30–3(a)(12). 5 15 U.S.C. 78s(b)(2).

VerDate Sep<11>2014 18:45 Aug 28, 2017 Jkt 241001 PO 00000 Frm 00098 Fmt 4703 Sfmt 4703 E:\FR\FM\29AUN1.SGM 29AUN1
Document Created: 2017-08-29 01:57:57
Document Modified: 2017-08-29 01:57:57
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 41077