82_FR_46778 82 FR 46586 - Self-Regulatory Organizations; NYSE National, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Adopt Rules To Establish a Rule Numbering Framework in Connection With the Re-Launch of Trading on the Exchange

82 FR 46586 - Self-Regulatory Organizations; NYSE National, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Adopt Rules To Establish a Rule Numbering Framework in Connection With the Re-Launch of Trading on the Exchange

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 82, Issue 192 (October 5, 2017)

Page Range46586-46587
FR Document2017-21414

Federal Register, Volume 82 Issue 192 (Thursday, October 5, 2017)
[Federal Register Volume 82, Number 192 (Thursday, October 5, 2017)]
[Notices]
[Pages 46586-46587]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-21414]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-81782; File No. SR-NYSENat-2017-04]


Self-Regulatory Organizations; NYSE National, Inc.; Notice of 
Filing and Immediate Effectiveness of Proposed Rule Change To Adopt 
Rules To Establish a Rule Numbering Framework in Connection With the 
Re-Launch of Trading on the Exchange

September 29, 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 September 28, 2017, NYSE National, Inc. (the ``Exchange'' 
or ``NYSE National'') filed with the Securities and Exchange Commission 
(the ``Commission'') the proposed rule change as described in Items I, 
II, and III 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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I. Self-Regulatory Organization's Statement of the Terms of the 
Substance of the Proposed Rule Change

    The Exchange proposes to adopt rules to establish a rule numbering 
framework in connection with the re-launch of trading on the Exchange. 
The proposed rule change is available on the Exchange's Web site at 
www.nyse.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 those 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 the 
Statutory Basis for, the Proposed Rule Change

1. Purpose
    NYSE National, in connection with the re-launch of its trading 
operations, proposes to adopt rules to establish a rule numbering 
framework. The Exchange proposes to establish this framework in order 
to facilitate the amendment and re-publication of its new rule book in 
advance of the re-launch of trading operations on the Exchange.
    On January 31, 2017, Intercontinental Exchange, Inc. (``ICE''), 
through its wholly-owned subsidiary NYSE Group, acquired all of the 
outstanding capital stock of the Exchange (the ``Acquisition'').\4\
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    \4\ See Securities Exchange Act Release No. 79902 (January 30, 
2017), 82 FR 9258 (February 3, 2017) (SR-NSX-2016-16). Prior to the 
Acquisition, the Exchange was named ``National Stock Exchange, 
Inc.'' NYSE Group is a wholly-owned subsidiary of NYSE Holdings LLC, 
which is wholly owned by Intercontinental Exchange Holdings, Inc., a 
direct wholly-owned subsidiary of ICE. ICE is a public company 
listed on the New York Stock Exchange LLC (the ``NYSE'').
---------------------------------------------------------------------------

    Immediately following the closing of the Acquisition, effective 
February 1, 2017, NYSE National ceased trading operations.\5\ NYSE 
National continues to be registered as a national securities exchange 
and has rules that are distinct from the rules of the three other 
registered national securities exchanges owned by NYSE Group, namely, 
NYSE, NYSE American LLC, and NYSE Arca, Inc. (``NYSE Arca'', and 
together, the ``NYSE Exchanges'').\6\
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    \5\ See Securities Exchange Act Release No. 80018 (February 10, 
2017), 82 FR 10947 (February 16, 2017) (SR-NSX-2017-04).
    \6\ See 82 FR 9258, supra note 4.
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    In connection with the Acquisition, NYSE Group announced its plans 
to migrate NYSE National to the NYSE Pillar platform, which is an 
integrated trading technology platform designed to use a single 
specification for connecting to the equities and options markets 
operated by the NYSE Exchanges.\7\ The Exchange now proposes to re-
launch trading using the NYSE Pillar platform.
---------------------------------------------------------------------------

    \7\ See Trader Update dated January 18, 2017, available here: 
https://www.nyse.com/publicdocs/nyse/markets/nyse/NYSE_Group_NSX_Member_Notice.pdf.
---------------------------------------------------------------------------

    To that end, in connection with the re-launch of trading operations 
following the migration to Pillar, the Exchange proposes to adopt the 
rule numbering framework of the rules governing the NYSE Arca equities 
market. The Exchange believes that if it and its affiliates are 
operating on the same trading platform, using the same rule numbering 
scheme across all markets using the NYSE Pillar platform will make it 
easier for members, the public and the Commission to navigate the rules 
of each market. The Exchange therefore proposes to adopt a framework of 
rule numbering that is based on the current rules governing the NYSE 
Arca equities market: NYSE Arca Rules 0 through 3, 4-E through 9-E, and 
10 through 14.\8\
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    \8\ See Securities Exchange Act Release No. 81419 (August 17, 
2017), 82 FR 40044 (August 23, 2017) (SR-NYSEArca-2017-40), at 
40046. Because the Exchange only has an equities market, the 
proposed rule framework would not require the ``-E'' designation for 
Rules 4 through 9.
---------------------------------------------------------------------------

    As proposed, this framework would use the current rule numbering 
scheme of the rules governing the NYSE Arca equities market, and would 
consist of the following proposed rules:

RULE 0 REGULATION OF THE EXCHANGE AND ETP HOLDERS
RULE 1 DEFINITIONS
RULE 2 TRADING PERMITS
RULE 3 ORGANIZATION AND ADMINISTRATION
RULE 4 CAPITAL REQUIREMENTS, FINANCIAL REPORTS, MARGIN
RULE 5 EQUITIES LISTINGS
RULE 6 ORDER AUDIT TRAIL SYSTEM
RULE 7 EQUITIES TRADING
RULE 8 TRADING OF CERTAIN EXCHANGE DERIVATIVES
RULE 9 CONDUCTING BUSINESS WITH THE PUBLIC
RULE 10 DISCIPLINARY PROCEEDINGS, OTHER HEARINGS AND APPEALS
RULE 11 BUSINESS CONDUCT
RULE 12 ARBITRATION

[[Page 46587]]

RULE 13 CANCELLATION, SUSPENSION, AND REINSTATEMENT
RULE 14 LIABILITY OF DIRECTORS AND EXCHANGE

    The Exchange proposes to establish this framework in order to 
facilitate the amendment and re-publication of its new rule book in 
advance of the re-launch of trading operations on the Exchange. The 
Exchange intends to file separate proposed rules changes for the 
substantive areas identified in its new rule book, as well as the 
related price list.
2. Statutory Basis
    The proposed rule change is consistent with Section 6(b) of the 
Securities Exchange Act of 1934 (the ``Act''),\9\ in general, and 
furthers the objectives of Section 6(b)(5),\10\ in particular, because 
it is designed to prevent fraudulent and manipulative acts and 
practices, 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 Exchange 
believes that the proposed rules would remove impediments to and 
perfect the mechanism of a free and open market because the proposed 
rule set establishing a rule numbering framework would promote 
transparency in Exchange rules by using consistent rule numbers with 
the equities market of NYSE Arca, which is the first market that 
migrated to the Pillar trading platform. The Exchange believes that 
using a common framework of rule numbers for the equity markets that 
operate on the Pillar trading platform will better allow members, 
regulators, and the public to navigate the Exchange's rulebook and 
better understand how equity trading is conducted on the Exchange.
---------------------------------------------------------------------------

    \9\ 15 U.S.C. 78f(b).
    \10\ 15 U.S.C. 78f(b)(5).
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B. Self-Regulatory Organization's Statement on Burden on Competition

    The Exchange does not believe that the proposed rule change will 
impose any burden on competition that is not necessary or appropriate 
in furtherance of the purposes of the Act. The proposed rule change is 
not designed to address any competitive issue but rather to adopt a new 
rule numbering framework to support the Exchange's amendment and re-
publication of its rule book that in turn will support the re-launch of 
its trading platform. The Exchange believes that the proposed rule 
change would promote consistency and transparency on both the Exchange 
and its affiliate NYSE Arca, thus making the Exchange's rules easier to 
navigate.

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

    No written comments were solicited or received with respect to 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: (i) 
Significantly affect the protection of investors or the public 
interest; (ii) impose any significant burden on competition; and (iii) 
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)(iii) of the Act \11\ and 
subparagraph (f)(6) of Rule 19b-4 thereunder.\12\
---------------------------------------------------------------------------

    \11\ 15 U.S.C. 78s(b)(3)(A)(iii).
    \12\ 17 CFR 240.19b-4(f)(6).
---------------------------------------------------------------------------

    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: (i) 
Necessary or appropriate in the public interest; (ii) for the 
protection of investors; or (iii) 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 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-NYSENat-2017-04 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-NYSENat-2017-04. 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 such filing also will be available 
for inspection and copying at the principal offices 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-NYSENat-2017-
04, and should be submitted on or before October 26, 2017.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\13\
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    \13\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------

Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017-21414 Filed 10-4-17; 8:45 am]
 BILLING CODE 8011-01-P



                                               46586                          Federal Register / Vol. 82, No. 192 / Thursday, October 5, 2017 / Notices

                                               printing in the Commission’s Public                     trading on the Exchange. The proposed                 Inc. (‘‘NYSE Arca’’, and together, the
                                               Reference Room, 100 F Street NE.,                       rule change is available on the                       ‘‘NYSE Exchanges’’).6
                                               Washington, DC 20549 on official                        Exchange’s Web site at www.nyse.com,                     In connection with the Acquisition,
                                               business days between the hours of                      at the principal office of the Exchange,              NYSE Group announced its plans to
                                               10:00 a.m. and 3:00 p.m. Copies of the                  and at the Commission’s Public                        migrate NYSE National to the NYSE
                                               filing also will be available for                       Reference Room.                                       Pillar platform, which is an integrated
                                               inspection and copying at the principal                                                                       trading technology platform designed to
                                               office of the Exchange. All comments                    II. Self-Regulatory Organization’s
                                                                                                                                                             use a single specification for connecting
                                               received will be posted without change;                 Statement of the Purpose of, and
                                                                                                                                                             to the equities and options markets
                                               the Commission does not edit personal                   Statutory Basis for, the Proposed Rule
                                                                                                                                                             operated by the NYSE Exchanges.7 The
                                               identifying information from                            Change
                                                                                                                                                             Exchange now proposes to re-launch
                                               submissions. You should submit only                       In its filing with the Commission, the              trading using the NYSE Pillar platform.
                                               information that you wish to make                       self-regulatory organization included                    To that end, in connection with the
                                               available publicly. All submissions                     statements concerning the purpose of,                 re-launch of trading operations
                                               should refer to File Number SR–                         and basis for, the proposed rule change               following the migration to Pillar, the
                                               BatsBZX–2017–63 and should be                           and discussed any comments it received                Exchange proposes to adopt the rule
                                               submitted on or before October 26,                      on the proposed rule change. The text                 numbering framework of the rules
                                               2017.                                                   of those statements may be examined at                governing the NYSE Arca equities
                                                 For the Commission, by the Division of                the places specified in Item IV below.                market. The Exchange believes that if it
                                               Trading and Markets, pursuant to delegated              The Exchange has prepared summaries,                  and its affiliates are operating on the
                                               authority.17                                            set forth in sections A, B, and C below,              same trading platform, using the same
                                               Eduardo A. Aleman,                                      of the most significant parts of such                 rule numbering scheme across all
                                               Assistant Secretary.                                    statements.                                           markets using the NYSE Pillar platform
                                               [FR Doc. 2017–21412 Filed 10–4–17; 8:45 am]                                                                   will make it easier for members, the
                                                                                                       A. Self-Regulatory Organization’s                     public and the Commission to navigate
                                               BILLING CODE 8011–01–P
                                                                                                       Statement of the Purpose of, and the                  the rules of each market. The Exchange
                                                                                                       Statutory Basis for, the Proposed Rule                therefore proposes to adopt a framework
                                               SECURITIES AND EXCHANGE                                 Change                                                of rule numbering that is based on the
                                               COMMISSION                                              1. Purpose                                            current rules governing the NYSE Arca
                                                                                                                                                             equities market: NYSE Arca Rules 0
                                               [Release No. 34–81782; File No. SR–                        NYSE National, in connection with
                                               NYSENat–2017–04]                                                                                              through 3, 4–E through 9–E, and 10
                                                                                                       the re-launch of its trading operations,              through 14.8
                                               Self-Regulatory Organizations; NYSE                     proposes to adopt rules to establish a                   As proposed, this framework would
                                               National, Inc.; Notice of Filing and                    rule numbering framework. The                         use the current rule numbering scheme
                                               Immediate Effectiveness of Proposed                     Exchange proposes to establish this                   of the rules governing the NYSE Arca
                                               Rule Change To Adopt Rules To                           framework in order to facilitate the                  equities market, and would consist of
                                               Establish a Rule Numbering                              amendment and re-publication of its                   the following proposed rules:
                                               Framework in Connection With the Re-                    new rule book in advance of the re-                   RULE 0 REGULATION OF THE
                                               Launch of Trading on the Exchange                       launch of trading operations on the                      EXCHANGE AND ETP HOLDERS
                                                                                                       Exchange.                                             RULE 1 DEFINITIONS
                                               September 29, 2017.                                        On January 31, 2017, Intercontinental              RULE 2 TRADING PERMITS
                                                  Pursuant to Section 19(b)(1) 1 of the                Exchange, Inc. (‘‘ICE’’), through its                 RULE 3 ORGANIZATION AND
                                               Securities Exchange Act of 1934 (the                    wholly-owned subsidiary NYSE Group,                      ADMINISTRATION
                                               ‘‘Act’’) 2 and Rule 19b–4 thereunder,3                  acquired all of the outstanding capital               RULE 4 CAPITAL REQUIREMENTS,
                                               notice is hereby given that on                          stock of the Exchange (the                               FINANCIAL REPORTS, MARGIN
                                               September 28, 2017, NYSE National,                      ‘‘Acquisition’’).4                                    RULE 5 EQUITIES LISTINGS
                                               Inc. (the ‘‘Exchange’’ or ‘‘NYSE                                                                              RULE 6 ORDER AUDIT TRAIL
                                               National’’) filed with the Securities and                  Immediately following the closing of
                                                                                                       the Acquisition, effective February 1,                   SYSTEM
                                               Exchange Commission (the                                                                                      RULE 7 EQUITIES TRADING
                                               ‘‘Commission’’) the proposed rule                       2017, NYSE National ceased trading
                                                                                                       operations.5 NYSE National continues                  RULE 8 TRADING OF CERTAIN
                                               change as described in Items I, II, and                                                                          EXCHANGE DERIVATIVES
                                               III below, which Items have been                        to be registered as a national securities
                                                                                                       exchange and has rules that are distinct              RULE 9 CONDUCTING BUSINESS
                                               prepared by the self-regulatory                                                                                  WITH THE PUBLIC
                                               organization. The Commission is                         from the rules of the three other
                                                                                                       registered national securities exchanges              RULE 10 DISCIPLINARY
                                               publishing this notice to solicit                                                                                PROCEEDINGS, OTHER HEARINGS
                                               comments on the proposed rule change                    owned by NYSE Group, namely, NYSE,
                                                                                                       NYSE American LLC, and NYSE Arca,                        AND APPEALS
                                               from interested persons.                                                                                      RULE 11 BUSINESS CONDUCT
                                               I. Self-Regulatory Organization’s                          4 See Securities Exchange Act Release No. 79902
                                                                                                                                                             RULE 12 ARBITRATION
                                               Statement of the Terms of the Substance                 (January 30, 2017), 82 FR 9258 (February 3, 2017)
                                                                                                                                                               6 See 82 FR 9258, supra note 4.
                                               of the Proposed Rule Change                             (SR–NSX–2016–16). Prior to the Acquisition, the
                                                                                                       Exchange was named ‘‘National Stock Exchange,           7 See Trader Update dated January 18, 2017,
                                                  The Exchange proposes to adopt rules
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                                                                                                       Inc.’’ NYSE Group is a wholly-owned subsidiary of     available here: https://www.nyse.com/publicdocs/
                                               to establish a rule numbering framework                 NYSE Holdings LLC, which is wholly owned by           nyse/markets/nyse/NYSE_Group_NSX_Member_
                                               in connection with the re-launch of                     Intercontinental Exchange Holdings, Inc., a direct    Notice.pdf.
                                                                                                       wholly-owned subsidiary of ICE. ICE is a public         8 See Securities Exchange Act Release No. 81419
                                                                                                       company listed on the New York Stock Exchange         (August 17, 2017), 82 FR 40044 (August 23, 2017)
                                                 17 17 CFR 200.30–3(a)(12).                            LLC (the ‘‘NYSE’’).                                   (SR–NYSEArca–2017–40), at 40046. Because the
                                                 1 15 U.S.C. 78s(b)(1).                                   5 See Securities Exchange Act Release No. 80018    Exchange only has an equities market, the proposed
                                                 2 15 U.S.C. 78a.
                                                                                                       (February 10, 2017), 82 FR 10947 (February 16,        rule framework would not require the ‘‘–E’’
                                                 3 17 CFR 240.19b–4.                                   2017) (SR–NSX–2017–04).                               designation for Rules 4 through 9.



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                                                                               Federal Register / Vol. 82, No. 192 / Thursday, October 5, 2017 / Notices                                                  46587

                                               RULE 13 CANCELLATION,                                      rule book that in turn will support the                 All submissions should refer to File
                                                  SUSPENSION, AND                                         re-launch of its trading platform. The                  Number SR–NYSENat–2017–04. This
                                                  REINSTATEMENT                                           Exchange believes that the proposed                     file number should be included on the
                                               RULE 14 LIABILITY OF DIRECTORS                             rule change would promote consistency                   subject line if email is used. To help the
                                                  AND EXCHANGE                                            and transparency on both the Exchange                   Commission process and review your
                                                  The Exchange proposes to establish                      and its affiliate NYSE Arca, thus making                comments more efficiently, please use
                                               this framework in order to facilitate the                  the Exchange’s rules easier to navigate.                only one method. The Commission will
                                               amendment and re-publication of its                        C. Self-Regulatory Organization’s                       post all comments on the Commission’s
                                               new rule book in advance of the re-                        Statement on Comments on the                            Internet Web site (http://www.sec.gov/
                                               launch of trading operations on the                        Proposed Rule Change Received From                      rules/sro.shtml). Copies of the
                                               Exchange. The Exchange intends to file                     Members, Participants, or Others                        submission, all subsequent
                                               separate proposed rules changes for the                                                                            amendments, all written statements
                                               substantive areas identified in its new                      No written comments were solicited                    with respect to the proposed rule
                                               rule book, as well as the related price                    or received with respect to the proposed                change that are filed with the
                                               list.                                                      rule change.                                            Commission, and all written
                                               2. Statutory Basis                                         III. Date of Effectiveness of the                       communications relating to the
                                                                                                          Proposed Rule Change and Timing for                     proposed rule change between the
                                                  The proposed rule change is                             Commission Action                                       Commission and any person, other than
                                               consistent with Section 6(b) of the                                                                                those that may be withheld from the
                                               Securities Exchange Act of 1934 (the                          Because the foregoing proposed rule
                                                                                                                                                                  public in accordance with the
                                               ‘‘Act’’),9 in general, and furthers the                    change does not: (i) Significantly affect
                                                                                                                                                                  provisions of 5 U.S.C. 552, will be
                                               objectives of Section 6(b)(5),10 in                        the protection of investors or the public
                                                                                                          interest; (ii) impose any significant                   available for Web site viewing and
                                               particular, because it is designed to                                                                              printing in the Commission’s Public
                                               prevent fraudulent and manipulative                        burden on competition; and (iii) become
                                                                                                          operative for 30 days from the date on                  Reference Room, 100 F Street NE.,
                                               acts and practices, to promote just and                                                                            Washington, DC 20549 on official
                                               equitable principles of trade, to foster                   which it was filed, or such shorter time
                                                                                                          as the Commission may designate, it has                 business days between the hours of
                                               cooperation and coordination with                                                                                  10:00 a.m. and 3:00 p.m. Copies of such
                                               persons engaged in facilitating                            become effective pursuant to Section
                                                                                                          19(b)(3)(A)(iii) of the Act 11 and                      filing also will be available for
                                               transactions in securities, to remove                                                                              inspection and copying at the principal
                                               impediments to, and perfect the                            subparagraph (f)(6) of Rule 19b–4
                                                                                                          thereunder.12                                           offices of the Exchange. All comments
                                               mechanism of, a free and open market                                                                               received will be posted without change;
                                               and a national market system and, in                          At any time within 60 days of the
                                                                                                          filing of the proposed rule change, the                 the Commission does not edit personal
                                               general, to protect investors and the                                                                              identifying information from
                                               public interest. The Exchange believes                     Commission summarily may
                                                                                                          temporarily suspend such rule change if                 submissions. You should submit only
                                               that the proposed rules would remove                                                                               information that you wish to make
                                               impediments to and perfect the                             it appears to the Commission that such
                                                                                                          action is: (i) Necessary or appropriate in              available publicly. All submissions
                                               mechanism of a free and open market                                                                                should refer to File Number SR–
                                               because the proposed rule set                              the public interest; (ii) for the protection
                                                                                                          of investors; or (iii) otherwise in                     NYSENat–2017–04, and should be
                                               establishing a rule numbering                                                                                      submitted on or before October 26,
                                               framework would promote transparency                       furtherance of the purposes of the Act.
                                                                                                          If the Commission takes such action, the                2017.
                                               in Exchange rules by using consistent
                                               rule numbers with the equities market                      Commission shall institute proceedings                    For the Commission, by the Division of
                                               of NYSE Arca, which is the first market                    to determine whether the proposed rule                  Trading and Markets, pursuant to delegated
                                               that migrated to the Pillar trading                        should be approved or disapproved.                      authority.13
                                               platform. The Exchange believes that                                                                               Eduardo A. Aleman,
                                                                                                          IV. Solicitation of Comments
                                               using a common framework of rule                                                                                   Assistant Secretary.
                                                                                                            Interested persons are invited to
                                               numbers for the equity markets that                        submit written data, views, and
                                                                                                                                                                  [FR Doc. 2017–21414 Filed 10–4–17; 8:45 am]
                                               operate on the Pillar trading platform                     arguments concerning the foregoing,                     BILLING CODE 8011–01–P
                                               will better allow members, regulators,                     including whether the proposed rule
                                               and the public to navigate the                             change is consistent with the Act.
                                               Exchange’s rulebook and better                                                                                     SECURITIES AND EXCHANGE
                                                                                                          Comments may be submitted by any of                     COMMISSION
                                               understand how equity trading is                           the following methods:
                                               conducted on the Exchange.                                                                                         [Investment Company Act Release No.
                                                                                                          Electronic Comments                                     32846]
                                               B. Self-Regulatory Organization’s
                                               Statement on Burden on Competition                           • Use the Commission’s Internet
                                                                                                          comment form (http://www.sec.gov/                       Notice of Applications for
                                                  The Exchange does not believe that                      rules/sro.shtml); or                                    Deregistration Under Section 8(f) of the
                                               the proposed rule change will impose                         • Send an email to rule-comments@                     Investment Company Act of 1940
                                               any burden on competition that is not                      sec.gov. Please include File Number SR–
                                               necessary or appropriate in furtherance                                                                            September 29, 2017.
                                                                                                          NYSENat–2017–04 on the subject line.
                                               of the purposes of the Act. The                                                                                      The following is a notice of
                                               proposed rule change is not designed to                    Paper Comments                                          applications for deregistration under
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                                               address any competitive issue but rather                     • Send paper comments in triplicate                   section 8(f) of the Investment Company
                                               to adopt a new rule numbering                              to Secretary, Securities and Exchange                   Act of 1940 for the month of September
                                               framework to support the Exchange’s                        Commission, 100 F Street NE.,                           2017. A copy of each application may be
                                               amendment and re-publication of its                        Washington, DC 20549–1090.                              obtained via the Commission’s Web site
                                                                                                                                                                  by searching for the file number, or for
                                                 9 15   U.S.C. 78f(b).                                      11 15   U.S.C. 78s(b)(3)(A)(iii).
                                                 10 15   U.S.C. 78f(b)(5).                                  12 17   CFR 240.19b–4(f)(6).                            13 17   CFR 200.30–3(a)(12).



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Document Created: 2017-10-05 00:53:18
Document Modified: 2017-10-05 00:53:18
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
FR Citation82 FR 46586 

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