82 FR 44483 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Adopt New Equity Trading Rules for Trading UTP Securities on Pillar, Including Orders and Modifiers, Order Ranking and Display, and Order Execution and Routing

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 82, Issue 183 (September 22, 2017)

Page Range		44483-44484
FR Document		2017-20201

Federal Register, Volume 82 Issue 183 (Friday, September 22, 2017)

[Federal Register Volume 82, Number 183 (Friday, September 22, 2017)]
[Notices]
[Pages 44483-44484]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-20201]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-81641; File No. SR-NYSE-2017-36]


Self-Regulatory Organizations; New York Stock Exchange LLC; 
Notice of Designation of a Longer Period for Commission Action on a 
Proposed Rule Change To Adopt New Equity Trading Rules for Trading UTP 
Securities on Pillar, Including Orders and Modifiers, Order Ranking and 
Display, and Order Execution and Routing

September 18, 2017.
    On July 28, 2017, New York Stock Exchange LLC (``NYSE'' or 
``Exchange'') filed with the Securities and Exchange Commission 
(``Commission''), pursuant to Section 19(b)(1) of the Securities

[[Page 44484]]

Exchange Act of 1934 (``Act'') \1\ and Rule 19b-4 thereunder,\2\ a 
proposed rule change to adopt new equity trading rules to allow the 
Exchange to trade securities that are listed on a national securities 
exchange other than NYSE (``UTP Securities'') \3\ pursuant to unlisted 
trading privileges for the first time on Pillar, the Exchange's new 
trading technology platform. The proposed rule change was published for 
comment in the Federal Register on August 9, 2017.\4\ The Commission 
has received no comments on the proposed rule change.
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ See NYSE Rule 1.1(ii) for a definition of UTP Security.
    \4\ See Securities Exchange Act Release No. 81310 (Aug. 3, 
2017), 82 FR 37257 (Aug. 9, 2017).
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    Section 19(b)(2) of the Act \5\ 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 approved or 
disapproved. The 45th day after publication of the notice for this 
proposed rule change is September 23, 2017. The Commission is extending 
this 45-day time period.
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    \5\ 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 
the Commission has sufficient time to consider the proposed rule 
change. Accordingly, the Commission, pursuant to Section 19(b)(2) of 
the Act,\6\ designates November 7, 2017, as the date by which the 
Commission should either approve or disapprove or institute proceedings 
to determine whether to disapprove the proposed rule change (File 
Number SR-NYSE-2017-36).
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    \6\ Id.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\7\
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    \7\ 17 CFR 200.30-3(a)(31).
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Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017-20201 Filed 9-21-17; 8:45 am]
 BILLING CODE 8011-01-P

Federal Register / Vol. 82, No. 183 / Friday, September 22, 2017 / Notices 44483

the procedures and also would conform any burden on competition not comments more efficiently, please use
the rule more closely to CBOE Rule 9.8 necessary or appropriate in furtherance only one method. The Commission will
Interpretations and Policies .01. The last of the purposes of the Act. As stated post all comments on the Commission’s
sentence of Commentary .02 would be above the proposal is designed to Internet Web site (http://www.sec.gov/
revised by replacing the phrase ‘‘short correct various aspects of the rules and rules/sro.shtml).
uncovered’’ options positions with the to add additional clarity to various Copies of the submission, all
phrase ‘‘uncovered short’’ options sections of the rules, which are equally subsequent amendments, all written
positions. Finally, the Exchange applicable to all similarly situated statements with respect to the proposed
proposes to amend Rule 1025 members and member organizations. rule change that are filed with the
Commentary .03 by adding the word Certain aspects of the proposed rule Commission, and all written
‘‘shall’’ to the first sentence, to conform change to amend various sections of communications relating to the
the language more closely to CBOE Rule Rules 1024 and 1025 are also designed proposed rule change between the
9.8, Interpretations and Policies .02. to conform to Phlx rules more closely to Commission and any person, other than
2. Statutory Basis comparable rules of CBOE, thus those that may be withheld from the
eliminating a potential source of public in accordance with the
The Exchange believes that its regulatory arbitrage and facilitating provisions of 5 U.S.C. 552, will be
proposal is consistent with Section 6(b) compliance by dual members. available for Web site viewing and
of the Act,5 in general, and furthers the printing in the Commission’s Public
objectives of Section 6(b)(5) of the Act,6 C. Self-Regulatory Organization’s
Reference Room, 100 F Street NE.,
in particular, in that it is designed to Statement on Comments on the
Washington, DC 20549, on official
promote just and equitable principles of Proposed Rule Change Received From
business days between the hours of
trade, to remove impediments to and Members, Participants, or Others
10:00 a.m. and 3:00 p.m. Copies of the
perfect the mechanism of a free and No written comments were either filing also will be available for
open market and a national market solicited or received. inspection and copying at the principal
system, and, in general, to protect office of the Exchange. All comments
investors and the public interest. The III. Date of Effectiveness of the
Proposed Rule Change and Timing for received will be posted without change;
amendments should remove the Commission does not edit personal
impediments to and perfect the Commission Action
identifying information from
mechanism of a free and open market Within 45 days of the date of submissions. You should submit only
and a national market system, by publication of this notice in the Federal information that you wish to make
correcting various aspects of the rules Register or within such longer period (i) available publicly.
and by adding additional clarity to the as the Commission may designate up to All submissions should refer to File
rules. The minor corrections and 90 days of such date if it finds such Number SR–Phlx–2017–55 and should
clarifications described above should longer period to be appropriate and be submitted on or before October 13,
improve the accuracy of the rules and publishes its reasons for so finding or 2017.
should also improve their readability, (ii) as to which the Exchange consents,
making them more understandable and the Commission shall: (a) By order For the Commission, by the Division of
Trading and Markets, pursuant to delegated
thereby facilitating easier compliance. approve or disapprove such proposed
authority.7
Additionally, where certain sections rule change, or (b) institute proceedings
of the Phlx rules are proposed to be Eduardo A. Aleman,
to determine whether the proposed rule
amended to conform more closely to change should be disapproved. Assistant Secretary.
comparable rules of the CBOE, the [FR Doc. 2017–20202 Filed 9–21–17; 8:45 am]
proposed rule change should create IV. Solicitation of Comments BILLING CODE 8011–01–P
greater regulatory parity among the two Interested persons are invited to
options exchanges regarding members’ submit written data, views, and
obligations in the areas of conduct of arguments concerning the foregoing, SECURITIES AND EXCHANGE
accounts for options trading and including whether the proposed rule COMMISSION
supervision of accounts. The proposed change is consistent with the Act. [Release No. 34–81641; File No. SR–NYSE–
amendments should create more Comments may be submitted by any of 2017–36]
efficient regulatory compliance by the following methods:
members of both exchanges due to Electronic Comments Self-Regulatory Organizations; New
reduction of differences in wording and York Stock Exchange LLC; Notice of
consequent potential for inadvertent • Use the Commission’s Internet Designation of a Longer Period for
regulatory noncompliance. In this comment form (http://www.sec.gov/ Commission Action on a Proposed
regard, the Exchange believes it is in the rules/sro.shtml); or Rule Change To Adopt New Equity
public interest for a more consistently • Send an email to rule-comments@ Trading Rules for Trading UTP
worded regulatory policy and standard sec.gov.ase include File Number SR– Securities on Pillar, Including Orders
regarding conduct of accounts for Phlx–2017–55 on the subject line. and Modifiers, Order Ranking and
options trading and supervision of Paper Comments Display, and Order Execution and
accounts to be in effect across options Routing
• Send paper comments in triplicate
exchanges, for the benefit of customers.
to Secretary, Securities and Exchange September 18, 2017.
B. Self-Regulatory Organization’s Commission, 100 F Street NE., On July 28, 2017, New York Stock
Statement on Burden on Competition Washington, DC 20549–1090. Exchange LLC (‘‘NYSE’’ or ‘‘Exchange’’)
The Exchange does not believe that All submissions should refer to File filed with the Securities and Exchange
the proposed rule change will impose Number SR–Phlx–2017–55. This file Commission (‘‘Commission’’), pursuant
number should be included on the to Section 19(b)(1) of the Securities
5 15 U.S.C. 78f(b). subject line if email is used. To help the
6 15 U.S.C. 78f(b)(5). Commission process and review your 7 17 CFR 200.30–3(a)(12).

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44484 Federal Register / Vol. 82, No. 183 / Friday, September 22, 2017 / Notices

Exchange Act of 1934 (‘‘Act’’) 1 and Rule DEPARTMENT OF STATE of State’s Office of Foreign Missions.
19b–4 thereunder,2 a proposed rule Such prohibitions will take effect as of
[Public Notice: 10135]
change to adopt new equity trading 11:00 a.m. Pacific Daylight Time on
rules to allow the Exchange to trade Determination Pursuant to the Foreign September 2, 2017.
securities that are listed on a national Missions Act As a result, all persons on the said
securities exchange other than NYSE property are required to depart the
(‘‘UTP Securities’’) 3 pursuant to Pursuant to the authority vested in me premises no later than the date and time
unlisted trading privileges for the first as the Secretary of State under the stated above.
time on Pillar, the Exchange’s new Foreign Missions Act, 22 U.S.C. 4301 et For purposes of this determination,
seq. (‘‘the Act’’), I hereby determine it is 2790 Green Street, San Francisco, CA
trading technology platform. The
reasonably necessary to achieve one or 94123, includes any buildings and/or
proposed rule change was published for
more of the purposes set forth in section improvements thereon and the land
comment in the Federal Register on 204(b) of the Act (22 U.S.C. 4304(b)) to ancillary thereto.
August 9, 2017.4 The Commission has designate 353 Lexington Ave, Suite Access to the property will be subject
received no comments on the proposed 1500, New York, NY 10016, which is to terms and conditions set forth by the
rule change. leased by the Government of the Office of Foreign Missions.
Section 19(b)(2) of the Act 5 provides Russian Federation, as a location and
Rex W. Tillerson,
that, within 45 days of the publication facilities for which entry or access is
strictly prohibited by any and all Secretary of State.
of notice of the filing of a proposed rule
change, or within such longer period up representatives or employees of the [FR Doc. 2017–20268 Filed 9–21–17; 8:45 am]
to 90 days as the Commission may Russian Government and their BILLING CODE 4710–43–P

designate if it finds such longer period dependents, or persons acting on their
to be appropriate and publishes its behalf, without first obtaining written
permission from the Department of DEPARTMENT OF STATE
reasons for so finding or as to which the
self-regulatory organization consents, State’s Office of Foreign Missions. Such [Public Notice: 10133]
the Commission shall either approve the prohibitions will take effect as of 2:00
p.m. Eastern Daylight Time on Notice of Determinations; Culturally
proposed rule change, disapprove the
September 2, 2017. Significant Object Imported for
proposed rule change, or institute
As a result, any and all Exhibition Determinations: Exhibition
proceedings to determine whether the
representatives or employees of the of ‘‘The Seine near Rouen’’ Object
proposed rule change should be Russian Government and their
approved or disapproved. The 45th day dependents, or persons acting on their SUMMARY: Notice is hereby given of the
after publication of the notice for this behalf, are required to depart the following determinations: I hereby
proposed rule change is September 23, premises no later than the date and time determine that a certain object entitled
2017. The Commission is extending this stated above. ‘‘The Seine near Rouen,’’ imported from
45-day time period. Access to the property by the persons abroad for temporary exhibition within
The Commission finds that it is listed above will be subject to terms and the United States, is of cultural
appropriate to designate a longer period conditions set forth by the Office of significance. The object is imported
within which to take action on the Foreign Missions. pursuant to a loan agreement with the
proposed rule change so that the foreign owner or custodian. I also
Rex W. Tillerson, determine that the exhibition or display
Commission has sufficient time to Secretary of State. of the exhibit object at The J. Paul Getty
consider the proposed rule change. [FR Doc. 2017–20270 Filed 9–21–17; 8:45 am] Museum at the Getty Center, Los
Accordingly, the Commission, pursuant BILLING CODE 4710–05–P Angeles, California, from on or about
to Section 19(b)(2) of the Act,6 October 1, 2017, until on or about
designates November 7, 2017, as the February 28, 2018, and at possible
date by which the Commission should DEPARTMENT OF STATE additional exhibitions or venues yet to
either approve or disapprove or institute be determined, is in the national
[Public Notice 10136]
proceedings to determine whether to interest.
disapprove the proposed rule change Determination Pursuant to the Foreign
(File Number SR–NYSE–2017–36). FOR FURTHER INFORMATION CONTACT: For
Missions Act further information, including
For the Commission, by the Division of Pursuant to the authority vested in me information identifying the object,
Trading and Markets, pursuant to delegated as the Secretary of State under the contact Elliot Chiu in the Office of the
authority.7 Legal Adviser, U.S. Department of State
Foreign Missions Act, (‘‘the Act’’), I
Eduardo A. Aleman, hereby determine it is reasonably (telephone: 202–632–6471; email:
Assistant Secretary. necessary to achieve one or more of the section2459@state.gov). The mailing
[FR Doc. 2017–20201 Filed 9–21–17; 8:45 am] purposes set forth in section 204(b) of address is U.S. Department of State,
BILLING CODE 8011–01–P the Act to designate 2790 Green Street, L/PD, SA–5, Suite 5H03, Washington,
San Francisco, CA 94123, which is DC 20522–0505.
1 15 U.S.C. 78s(b)(1).
owned by the Government of the SUPPLEMENTARY INFORMATION: The
2 17 CFR 240.19b–4. Russian Federation, as a location and foregoing determinations were made
3 See NYSE Rule 1.1(ii) for a definition of UTP facilities for which entry or access is pursuant to the authority vested in me
Security. strictly prohibited by all individuals, by the Act of October 19, 1965 (79 Stat.
4 See Securities Exchange Act Release No. 81310 including but not limited to 985; 22 U.S.C. 2459), E.O. 12047 of
(Aug. 3, 2017), 82 FR 37257 (Aug. 9, 2017). representatives or employees of the March 27, 1978, the Foreign Affairs
5 15 U.S.C. 78s(b)(2). Russian Government and their Reform and Restructuring Act of 1998
6 Id. dependents, without first obtaining (112 Stat. 2681, et seq.; 22 U.S.C. 6501
7 17 CFR 200.30–3(a)(31). written permission from the Department note, et seq.), Delegation of Authority

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Document Created: 2017-09-22 01:52:45
Document Modified: 2017-09-22 01:52:45

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 44483