82 FR 46323 - Self-Regulatory Organizations; Bats BYX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Rule 11.23, Opening Process, and Rule 11.26, Usage of Data Feeds, To Reflect the Name Change of NYSE MKT to NYSE American
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 82, Issue 191 (October 4, 2017)
Federal Register Volume 82, Issue 191 (October 4, 2017)
| Page Range | 46323-46325 | |
| FR Document | 2017-21277 |
[Federal Register Volume 82, Number 191 (Wednesday, October 4, 2017)] [Notices] [Pages 46323-46325] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2017-21277] ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION [Release No. 34-81749; File No. SR-BatsBYX-2017-23] Self-Regulatory Organizations; Bats BYX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Rule 11.23, Opening Process, and Rule 11.26, Usage of Data Feeds, To Reflect the Name Change of NYSE MKT to NYSE American September 28, 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 September 25, 2017, Bats BYX Exchange, Inc. (the ``Exchange'' or ``BYX'') filed with the Securities and Exchange Commission (``Commission'') the proposed rule change as described in Items I and II below, which Items have been prepared by the Exchange. [[Page 46324]] 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 proposal to amend paragraph (c)(1) of Rule 11.23, Opening Process, and paragraph (a) of Rule 11.26, Usage of Data Feeds, to reflect the name change of NYSE MKT to NYSE American. The text of the proposed rule change is available at the Exchange's Web site at www.bats.com, at the princiopal [sic] 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 On March 21, 2017, NYSE MKT LLC filed a proposed rule change to change its name to NYSE American LLC.\5\ The Exchange now proposes to replace references to NYSE MKT within its rules with NYSE American. In particular, the Exchange proposes to replace references to NYSE MKT with NYSE American in Rule 11.23(c)(1), Opening Process; and Rule 11.26(a), Usage of Data Feeds. The Exchange does not proposes [sic] to amend the operation of these rules in any other respect. --------------------------------------------------------------------------- \5\ See Securities Exchange Act Release No. 80283 (March 21, 2017), 82 FR 15244 (March 27, 2017) (SR-NYSEMKT-2017-14). --------------------------------------------------------------------------- 2. Statutory Basis The Exchange believes that its proposal is consistent with Section 6(b) of the Act \6\ in general, and furthers the objectives of Section 6(b)(5) of the Act \7\ 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. --------------------------------------------------------------------------- \6\ 15 U.S.C. 78f(b). \7\ 15 U.S.C. 78f(b)(5). --------------------------------------------------------------------------- The non-substantive amendments to Rules 11.23(c)(1) and 11.26(a) are intended solely to reflect the name change from NYSE MKT to NYSE American. The proposed rule change, therefore, removes impediments to and perfects the mechanism of a free and open market and a national market system because it updates the rule to reflect the name change and does not alter the way in which orders in NYSE American listed securities are handled and routed. (B) Self-Regulatory Organization's Statement on Burden on Competition The Exchange does not believe that the proposed rule change will have any impact on competition as it affect competition [sic] as it is not designed to alter the way in which orders in NYSE American listed securities are handled and routed. It is simply intended to reflect the name change from NYSE MKT to NYSE American. (C) Self-Regulatory Organization's Statement on Comments on the Proposed Rule Change Received From Members, Participants or Others The Exchange has neither solicited nor received written comments on the proposed rule change. III. Date of Effectiveness of the Proposed Rule Change and Timing for Commission Action Because the foregoing proposed rule change does not: (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 \8\ and paragraph (f)(6) of Rule 19b-4 thereunder,\9\ 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. --------------------------------------------------------------------------- \8\ 15 U.S.C. 78s(b)(3)(A). \9\ 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-BatsBYX-2017-23 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-BatsBYX-2017-23. 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 [[Page 46325]] 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-BatsBYX-2017-23 and should be submitted on or before October 25, 2017. --------------------------------------------------------------------------- \10\ 17 CFR 200.30-3(a)(12). For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.\10\ Eduardo A. Aleman, Assistant Secretary. [FR Doc. 2017-21277 Filed 10-3-17; 8:45 am] BILLING CODE 8011-01-P
![Federal Register / Vol. 82, No. 191 / Wednesday, October 4, 2017 / Notices 46323
the software), but once the software is own. If the price were to become rules/sro.shtml). Copies of the
developed, the incremental cost of unattractive, those firms would opt not submission, all subsequent
providing that software to an additional to purchase the product. The net effect amendments, all written statements
user is typically small, or even zero of introducing this product into the with respect to the proposed rule
(e.g., if the software can be downloaded market is to make market sentiment change that are filed with the
over the internet after being information more widely available to a Commission, and all written
purchased).38 It is costly to build and broader array of investors, and lower the communications relating to the
maintain a trading platform, but the cost of accessing such information, proposed rule change between the
incremental cost of trading each thereby increasing market efficiency. Commission and any person, other than
additional share on an existing platform, For all of these reasons, the Exchange those that may be withheld from the
or of distributing an additional instance does not believe that the proposed public in accordance with the
of data, is very low. Market information changes will impair competition in the provisions of 5 U.S.C. 552, will be
and executions are each produced financial markets. available for Web site viewing and
jointly (in the sense that the activities of printing in the Commission’s Public
trading and placing orders are the C. Self-Regulatory Organization’s Reference Room, 100 F Street NE.,
source of the information that is Statement on Comments on the Washington, DC 20549, on official
distributed) and are each subject to Proposed Rule Change Received From business days between the hours of
significant scale economies. Members, Participants, or Others 10:00 a.m. and 3:00 p.m. Copies of the
Competition among trading platforms No written comments were either filing also will be available for
can be expected to constrain the solicited or received. inspection and copying at the principal
aggregate return each platform earns office of the Exchange. All comments
from the sale of its joint products. The III. Date of Effectiveness of the received will be posted without change;
level of competition and contestability Proposed Rule Change and Timing for the Commission does not edit personal
in the market is evident in the Commission Action identifying information from
numerous alternative venues that Within 45 days of the date of submissions. You should submit only
compete for order flow, including SRO publication of this notice in the Federal information that you wish to make
markets, as well as internalizing BDs Register or within such longer period (i) available publicly. All submissions
and various forms of alternative trading as the Commission may designate up to should refer to File Number SR–Phlx–
systems (‘‘ATSs’’), including dark pools 90 days of such date if it finds such 2017–74 and should be submitted on or
and electronic communication networks longer period to be appropriate and before October 25, 2017.
(‘‘ECNs’’). Each SRO market competes to publishes its reasons for so finding or For the Commission, by the Division of
produce transaction reports via trade (ii) as to which the Exchange consents, Trading and Markets, pursuant to delegated
executions, and two FINRA-regulated the Commission shall: (a) by order authority.39
TRFs compete to attract internalized approve or disapprove such proposed Eduardo A. Aleman,
transaction reports. It is common for rule change, or (b) institute proceedings Assistant Secretary.
BDs to further and exploit this to determine whether the proposed rule [FR Doc. 2017–21279 Filed 10–3–17; 8:45 am]
competition by sending their order flow change should be disapproved. BILLING CODE 8011–01–P
and transaction reports to multiple
markets, rather than providing them all IV. Solicitation of Comments
to a single market. Competitive markets Interested persons are invited to SECURITIES AND EXCHANGE
for order flow, executions, and submit written data, views, and COMMISSION
transaction reports provide pricing arguments concerning the foregoing,
discipline for the inputs of proprietary including whether the proposed rule [Release No. 34–81749; File No. SR–
data products. The large number of change is consistent with the Act. BatsBYX–2017–23]
SROs, TRFs, BDs, and ATSs that Comments may be submitted by any of Self-Regulatory Organizations; Bats
currently produce proprietary data or the following methods: BYX Exchange, Inc.; Notice of Filing
are currently capable of producing it
Electronic Comments and Immediate Effectiveness of a
provides further pricing discipline for
Proposed Rule Change to Rule 11.23,
proprietary data products. Each SRO, • Use the Commission’s Internet
Opening Process, and Rule 11.26,
TRF, ATS, and BD is currently comment form (http://www.sec.gov/
Usage of Data Feeds, To Reflect the
permitted to produce proprietary data rules/sro.shtml); or
• Send an email to rule-comments@ Name Change of NYSE MKT to NYSE
products, and many currently do or
American
have announced plans to do so, sec.gov. Please include File Number SR–
including Nasdaq, NYSE, NYSE MKT, Phlx–2017–74 on the subject line. September 28, 2017.
NYSE Arca, and the BATS exchanges. Pursuant to Section 19(b)(1) of the
In this case, the proposed rule change Paper Comments
Securities Exchange Act of 1934 (the
enhances competition by introducing a • Send paper comments in triplicate ‘‘Act’’),1 and Rule 19b–4 thereunder,2
new product that increases transparency to Secretary, Securities and Exchange notice is hereby given that on
into options transactions and Commission, 100 F Street NE., September 25, 2017, Bats BYX
democratizes information by providing Washington, DC 20549–1090. Exchange, Inc. (the ‘‘Exchange’’ or
the benefits of sophisticated analytical All submissions should refer to File ‘‘BYX’’) filed with the Securities and
Number SR–Phlx–2017–74. This file
sradovich on DSK3GMQ082PROD with NOTICES
techniques to firms without the Exchange Commission (‘‘Commission’’)
technology, staff or wherewithal to number should be included on the the proposed rule change as described
conduct a comparable analysis on their subject line if email is used. To help the in Items I and II below, which Items
Commission process and review your have been prepared by the Exchange.
38 See William J. Baumol and Daniel G. Swanson,
comments more efficiently, please use
‘‘The New Economy and Ubiquitous Competitive only one method. The Commission will 39 17 CFR 200.30–3(a)(12).
Price Discrimination: Identifying Defensible Criteria
of Market Power,’’ Antitrust Law Journal, Vol. 70, post all comments on the Commission’s 1 15 U.S.C. 78s(b)(1).
No. 3 (2003). Internet Web site (http://www.sec.gov/ 2 17 CFR 240.19b–4.
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![46324 Federal Register / Vol. 82, No. 191 / Wednesday, October 4, 2017 / Notices
The Exchange has designated this 2. Statutory Basis designated this rule filing as non-
proposal as a ‘‘non-controversial’’ The Exchange believes that its controversial. The Exchange has given
proposed rule change pursuant to proposal is consistent with Section 6(b) the Commission written notice of its
Section 19(b)(3)(A) of the Act 3 and Rule of the Act 6 in general, and furthers the intent to file the proposed rule change,
19b–4(f)(6)(iii) thereunder,4 which objectives of Section 6(b)(5) of the Act 7 along with a brief description and text
renders it effective upon filing with the in particular, in that it is designed to of the proposed rule change at least five
Commission. The Commission is promote just and equitable principles of business days prior to the date of filing
publishing this notice to solicit trade, to foster cooperation and of the proposed rule change, or such
comments on the proposed rule change coordination with persons engaged in shorter time as designated by the
from interested persons. facilitating transactions in securities, to Commission.
remove impediments to and perfect the At any time within 60 days of the
I. Self-Regulatory Organization’s filing of the proposed rule change, the
Statement of the Terms of Substance of mechanism of a free and open market
and a national market system and, in Commission summarily may
the Proposed Rule Change temporarily suspend such rule change if
general, to protect investors and the
The Exchange filed a proposal to public interest. it appears to the Commission that such
amend paragraph (c)(1) of Rule 11.23, The non-substantive amendments to action is: (1) Necessary or appropriate in
Opening Process, and paragraph (a) of Rules 11.23(c)(1) and 11.26(a) are the public interest; (2) for the protection
Rule 11.26, Usage of Data Feeds, to intended solely to reflect the name of investors; or (3) otherwise in
reflect the name change of NYSE MKT change from NYSE MKT to NYSE furtherance of the purposes of the Act.
to NYSE American. American. The proposed rule change, If the Commission takes such action, the
The text of the proposed rule change therefore, removes impediments to and Commission shall institute proceedings
is available at the Exchange’s Web site perfects the mechanism of a free and to determine whether the proposed rule
at www.bats.com, at the princiopal [sic] open market and a national market should be approved or disapproved.
office of the Exchange, and at the system because it updates the rule to IV. Solicitation of Comments
Commission’s Public Reference Room. reflect the name change and does not
alter the way in which orders in NYSE Interested persons are invited to
II. Self-Regulatory Organization’s submit written data, views, and
American listed securities are handled
Statement of the Purpose of, and arguments concerning the foregoing,
and routed.
Statutory Basis for, the Proposed Rule including whether the proposed rule
Change (B) Self-Regulatory Organization’s change is consistent with the Act.
Statement on Burden on Competition Comments may be submitted by any of
In its filing with the Commission, the
The Exchange does not believe that the following methods:
Exchange included statements
concerning the purpose of and basis for the proposed rule change will have any Electronic Comments
the proposed rule change and discussed impact on competition as it affect
competition [sic] as it is not designed to • Use the Commission’s Internet
any comments it received on the comment form (http://www.sec.gov/
proposed rule change. The text of these alter the way in which orders in NYSE
American listed securities are handled rules/sro.shtml); or
statements may be examined at the • Send an email to rule-comments@
places specified in Item IV below. The and routed. It is simply intended to
sec.gov. Please include File Number SR–
Exchange has prepared summaries, set reflect the name change from NYSE
BatsBYX–2017–23 on the subject line.
forth in Sections A, B, and C below, of MKT to NYSE American.
the most significant parts of such Paper Comments
(C) Self-Regulatory Organization’s
statements. Statement on Comments on the • Send paper comments in triplicate
(A) Self-Regulatory Organization’s Proposed Rule Change Received From to Brent J. Fields, Secretary, Securities
Statement of the Purpose of, and Members, Participants or Others and Exchange Commission, 100 F Street
Statutory Basis for, the Proposed Rule NE., Washington, DC 20549–1090.
The Exchange has neither solicited
All submissions should refer to File
Change nor received written comments on the
Number SR–BatsBYX–2017–23. This
1. Purpose proposed rule change.
file number should be included on the
III. Date of Effectiveness of the subject line if email is used. To help the
On March 21, 2017, NYSE MKT LLC
Proposed Rule Change and Timing for Commission process and review your
filed a proposed rule change to change
Commission Action comments more efficiently, please use
its name to NYSE American LLC.5 The
Because the foregoing proposed rule only one method. The Commission will
Exchange now proposes to replace
change does not: (A) Significantly affect post all comments on the Commission’s
references to NYSE MKT within its
the protection of investors or the public Internet Web site (http://www.sec.gov/
rules with NYSE American. In
interest; (B) impose any significant rules/sro.shtml). Copies of the
particular, the Exchange proposes to
burden on competition; and (C) by its submission, all subsequent
replace references to NYSE MKT with
terms, become operative for 30 days amendments, all written statements
NYSE American in Rule 11.23(c)(1),
from the date on which it was filed or with respect to the proposed rule
Opening Process; and Rule 11.26(a),
such shorter time as the Commission change that are filed with the
Usage of Data Feeds. The Exchange does
may designate it has become effective Commission, and all written
not proposes [sic] to amend the
communications relating to the
sradovich on DSK3GMQ082PROD with NOTICES
operation of these rules in any other pursuant to Section 19(b)(3)(A) of the
Act 8 and paragraph (f)(6) of Rule proposed rule change between the
respect.
19b–4 thereunder,9 the Exchange has Commission and any person, other than
3 15
those that may be withheld from the
U.S.C. 78s(b)(3)(A).
4 17 6 15 U.S.C. 78f(b). public in accordance with the
CFR 240.19b–4(f)(6)(iii).
5 See Securities Exchange Act Release No. 80283 7 15 U.S.C. 78f(b)(5). provisions of 5 U.S.C. 552, will be
(March 21, 2017), 82 FR 15244 (March 27, 2017) 8 15 U.S.C. 78s(b)(3)(A). available for Web site viewing and
(SR–NYSEMKT–2017–14). 9 17 CFR 240.19b–4. printing in the Commission’s Public
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![Federal Register / Vol. 82, No. 191 / Wednesday, October 4, 2017 / Notices 46325
Reference Room, 100 F Street NE., applicable to Equity Index-Linked Equity Index-Linked Securities are
Washington, DC 20549, on official Securities. The proposed rule change is securities that provide for the payment
business days between the hours of available on the Exchange’s Web site at at maturity (or earlier redemption) based
10:00 a.m. and 3:00 p.m. Copies of the www.nyse.com, at the principal office of on the performance of an underlying
filing also will be available for the Exchange, and at the Commission’s index or indexes of equity securities,
inspection and copying at the principal Public Reference Room. securities of closed end management
office of the Exchange. All comments investment companies registered under
II. Self-Regulatory Organization’s
received will be posted without change; the Investment Company Act of 1940 7
Statement of the Purpose of, and
the Commission does not edit personal and/or Units.8 In addition to certain
Statutory Basis for, the Proposed Rule
identifying information from other generic listing criteria, Equity
Change
submissions. You should submit only Index-Linked Securities must satisfy the
information that you wish to make In its filing with the Commission, the
self-regulatory organization included generic quantitative initial and
available publicly. All submissions
statements concerning the purpose of, continued listing criteria under NYSE
should refer to File Number SR–
and basis for, the proposed rule change American Rule 5.2E(j)(6)(B)(I) in order
BatsBYX–2017–23 and should be
and discussed any comments it received to become, and continue to be, listed
submitted on or before October 25,
on the proposed rule change. The text and traded on the Exchange. Certain of
2017.
of those statements may be examined at the applicable quantitative criteria
For the Commission, by the Division of specify minimum or maximum
Trading and Markets, pursuant to delegated the places specified in Item IV below.
authority.10 The Exchange has prepared summaries, thresholds that must be satisfied with
set forth in sections A, B, and C below, respect to, for example, market value,
Eduardo A. Aleman,
of the most significant parts of such trading volume, and dollar weight of the
Assistant Secretary.
statements. index represented by a single
[FR Doc. 2017–21277 Filed 10–3–17; 8:45 am]
component or groups of components.
BILLING CODE 8011–01–P A. Self-Regulatory Organization’s
Statement of the Purpose of, and the The applicable initial quantitative
Statutory Basis for, the Proposed Rule listing criteria include (i) that each
SECURITIES AND EXCHANGE Change underlying index is required to have at
COMMISSION least ten component securities; 9 (ii) that
1. Purpose each component security has a
[Release No. 34–81755; File No. SR– The Exchange proposes to amend
NYSEAMER–2017–19]
minimum market value of at least $75
NYSE American Rule 5.2E(j)(6) to million, except that for each of the
Self-Regulatory Organizations; NYSE exclude Investment Company Units lowest dollar weighted component
American LLC; Notice of Filing and (‘‘Units’’) and securities defined in securities in the index that in the
Immediate Effectiveness of Proposed Section 2 of NYSE American Rule 8E aggregate account for no more than 10%
Rule Change To Amend NYSE (collectively, together with Units, of the dollar weight of the index, the
American Rule 5.2E (j)(6) ‘‘Derivative Securities Products’’),4 as market value can be at least $50 million;
well as Index-Linked Securities,5 when (iii) that component stocks that in the
September 28, 2017. applying the quantitative generic listing aggregate account for at least 90% of the
Pursuant to Section 19(b)(1) 1 of the criteria applicable to Equity Index- weight of the index each have a
Securities Exchange Act of 1934 (the Linked Securities.6 minimum global monthly trading
‘‘Act’’) 2 and Rule 19b–4 thereunder,3 volume of 1,000,000 shares, or
notice is hereby given that on 4 Units are securities that represent an interest in
minimum global notional volume traded
September 18, 2017, NYSE American a registered investment company that could be
organized as a unit investment trust, an open-end per month of $25,000,000, averaged over
LLC (the ‘‘Exchange’’ or ‘‘NYSE management investment company, or a similar the last six months; (iv) that no
American’’) filed with the Securities entity, that holds securities comprising, or
underlying component security
and Exchange Commission (the otherwise based on or representing an interest in,
an index or portfolio of securities or securities in represents more than 25% of the dollar
‘‘Commission’’) the proposed rule
another registered investment company that holds weight of the index, and the five highest
change as described in Items I and II such securities. See NYSE American Rule 5.2E(j)(3).
below, which Items have been prepared dollar weighted component securities in
The following securities currently are included in
by the Exchange. The Commission is Section 2 of NYSE American Rule 8E: Portfolio the index do not in the aggregate
publishing this notice to solicit Depositary Receipts (Rule 8.100E); Trust Issued account for more than 50% of the dollar
Receipts (Rule 8.200E); Commodity-Based Trust weight of the index (60% for an index
comments on the proposed rule change Shares (Rule 8.201E); Currency Trust Shares (Rule
from interested persons. 8.202E); Commodity Index Trust Shares (Rule
consisting of fewer than 25 component
8.203E); Commodity Futures Trust Shares (Rule securities); and (v) that 90% of the
I. Self-Regulatory Organization’s 8.204E); Partnership Units (Rule 8.300E); Paired index’s numerical value and at least
Statement of the Terms of Substance of Trust Shares (Rule 8.400E); Trust Units (Rule 80% of the total number of component
the Proposed Rule Change 8.500E); Managed Fund Shares (Rule 8.600E); and
Managed Trust Securities (Rule 8.700E). securities meet the then current criteria
The Exchange proposes to amend 5 Index-Linked Securities are securities that for standardized option trading set forth
NYSE American Rule 5.2E(j)(6) to qualify for Exchange listing and trading under in Rule 915; except that an index will
exclude Investment Company Units, NYSE American Rule 5.2E(j)(6). The securities not be subject to this last requirement if
described in Rule 5.2E(j)(3), Rule 5.2E(j)(6) and
securities defined in Section 2 of NYSE Section 2 of Rule 8E, as referenced above, would (a) no underlying component security
sradovich on DSK3GMQ082PROD with NOTICES
American Rule 8E and Index-Linked include securities listed on another national represents more than 10% of the dollar
Securities when applying the securities exchange pursuant to substantially weight of the index and (b) the index
quantitative generic listing criteria equivalent listing rules.
6 The Commission has approved amendments to
NYSE Arca Rule 5.2E(j)(6) that are substantially to amend the generic listing criteria applicable to
10 17 CFR 200.30–3(a)(12). Equity Index-Linked Securities).
identical to those proposed herein. See Securities
1 15 U.S.C. 78s(b)(1). 7 15 U.S.C. 80–1.
Exchange Act Release No. 81442 (August 18, 2017),
2 15 U.S.C. 78a. 8 See Rule 5.2E(j)(6)(B)(I)(1).
82 FR 40178 (August 24, 2017) (SR–NYSEArca–
3 17 CFR 240.19b–4. 2017–54) (order approving a proposed rule change 9 See Rule 5.2E(j)(6)(B)(I)(1)(a).
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Document Created: 2018-10-25 09:52:59
Document Modified: 2018-10-25 09:52:59
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
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| Section | Notices | |
| FR Citation | 82 FR 46323 |
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