82 FR 49054 - Self-Regulatory Organizations: Investors Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Reflect Name Changes of NYSE MKT to NYSE American LLC and the National Stock Exchange to NYSE National, Inc.

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 82, Issue 203 (October 23, 2017)

Page Range		49054-49055
FR Document		2017-22884
Federal Register, Volume 82 Issue 203 (Monday, October 23, 2017)
[Federal Register Volume 82, Number 203 (Monday, October 23, 2017)]
[Notices]
[Pages 49054-49055]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-22884]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-81889; File No. SR-IEX-2017-33]


Self-Regulatory Organizations: Investors Exchange LLC; Notice of 
Filing and Immediate Effectiveness of Proposed Rule Change To Reflect 
Name Changes of NYSE MKT to NYSE American LLC and the National Stock 
Exchange to NYSE National, Inc.

October 17, 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 October 4, 2017, the Investors Exchange LLC (``IEX'' or 
the ``Exchange'') filed with the Securities and Exchange Commission 
(the ``Commission'') the proposed rule change as described in Items I 
and II below, which Items have been prepared by the self-regulatory 
organization. The Commission is publishing this notice to solicit 
comments on the proposed rule change from interested persons.
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 15 U.S.C. 78a.
    \3\ 17 CFR 240.19b-4.
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I. Self-Regulatory Organization's Statement of the Terms of Substance 
of the Proposed Rule Change

    Pursuant to the provisions of Section 19(b)(1) under the Securities 
Exchange Act of 1934 (``Act''),\4\ and Rule 19b-4 thereunder,\5\ 
Investors Exchange LLC (``IEX'' or ``Exchange'') is filing with the 
Commission a proposed rule change to amend Rules 2.220(a)(7) and 
11.410(a) to reflect the name change NYSE MKT to NYSE American LLC 
(``NYSE American'') and the National Stock Exchange to NYSE National, 
Inc. (``NYSE National''). The Exchange has designated this rule change 
as ``non-controversial'' under Section 19(b)(3)(A) of the Act \6\ and 
provided the Commission with the notice required by Rule 19b-4(f)(6) 
thereunder.\7\ The text of the proposed rule change is available at the 
Exchange's Web site at www.iextrading.com, at the principal office of 
the Exchange, and at the Commission's Public Reference Room.
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    \4\ 15 U.S.C. 78s(b)(1).
    \5\ 17 CRF 240.19b-4.
    \6\ 15 U.S.C. 78s(b)(3)(A).
    \7\ 17 CFR 240.19b-4.
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II. Self-Regulatory Organization's Statement of the Purpose of, and the 
Statutory Basis for, the Proposed Rule Change

    In its filing with the Commission, the self-regulatory organization 
included statements concerning the purpose of and basis for the 
proposed rule change and discussed any comments it received on the 
proposed rule change. The text of these statements may be examined at 
the places specified in Item IV below. The self-regulatory organization 
has prepared summaries, set forth in Sections A, B, and C below, of the 
most significant aspects of such statements.

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

1. Purpose
    The Exchange proposes to amend Rules 2.220(a)(7) and 11.410(a) to 
reflect reflect [sic] the name change NYSE MKT to NYSE American \8\ and 
the National Stock Exchange to NYSE National.\9\ IEX Rule 2.220(a)(7) 
lists the away trading centers that IEX Services LLC (``IEX Services'') 
routes to as outbound router for the Exchange. Rule 11.410(a) specifies 
the market data sources for each away trading center that the Exchange 
uses for necessary price reference points. The proposed changes are 
nonsubstantive and do not alter the manner in which orders are handled 
or routed by the Exchange. The Exchange notes that NYSE National ceased 
operations on February 1, 2017 and has not yet re-launched 
operations.\10\
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    \8\ See Securities Exchange Act Release No. Securities Exchange 
Act Release No. 80283 (March 21, 2017), 82 FR 15244 (March 27, 2017) 
(SR-NYSEMKT-2017-14).
    \9\ See Securities Exchange Act Release No. 79902 (January 30, 
2017), 82 FR 9258 (February 3, 2017) (SR-NSX-2016-16).
    \10\ See NYSE Trader Update dated January 18, 2017 available at: 
https://www.nyse.com/publicdocs/nyse/markets/nyse/NYSE_Group_NSX_Member_Notice.pdf.
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2. Statutory Basis
    IEX believes that the proposed rule change is consistent with the 
provisions of Section 6(b) \11\ of the Act in general, and furthers the 
objectives of Section 6(b)(5) of the Act \12\ in particular, in that it 
is designed to prevent fraudulent and manipulative acts and practices, 
to promote just and equitable principles of trade, 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 it is consistent with the Act to 
update the referenced rules to reflect the name changes of NYSE 
American and NYSE National so that IEX's rules accurately specify away 
markets referenced, as well as to avoid any potential confusion on the 
part of market participants. As noted in the Purpose section, the 
proposed changes are nonsubstantive and do not alter the manner in 
which orders are handled or routed by the Exchange.
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    \11\ 15 U.S.C. 78f.
    \12\ 15 U.S.C. 78f(b)(5).
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B. Self-Regulatory Organization's Statement on Burden on Competition

    IEX does not believe that the proposed rule change will result in 
any burden on competition that is not necessary or appropriate in 
furtherance of the purposes of the Act. The Exchange believes that the 
proposed correction does not impact competition in any respect since it 
is designed to simply update away market names.

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

    Written comments were neither solicited nor received.

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

    Because the foregoing proposed rule 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 if consistent with the protection of 
investors and the public interest, provided that the self-regulatory

[[Page 49055]]

organization has given the Commission written notice of its intent to 
file 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,\13\ the proposed rule change has become 
effective pursuant to Section 19(b)(3)(A) of the Act \14\ and Rule 19b-
4(f)(6) thereunder.\15\
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    \13\ The Exchange has fulfilled this requirement.
    \14\ 15 U.S.C. 78s(b)(3)(A).
    \15\ 17 CFR 240.19b-4(f)(6).
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    A proposed rule change filed under Rule 19b-4(f)(6) \16\ normally 
does not become operative prior to 30 days after the date of the 
filing. However, pursuant to Rule 19b4(f)(6)(iii),\17\ the Commission 
may designate a shorter time if such action is consistent with the 
protection of investors and the public interest. The Exchange has asked 
the Commission to waive the 30-day operative delay so that the proposal 
may become operative immediately upon filing. The Commission notes that 
the proposed rule change does not present any new, unique or 
substantive issues, but rather is merely updating references to away 
markets in two of the Exchange's rules and that waiver of the 30-day 
operative delay will help prevent potential confusion to market 
participants. Therefore, the Commission believes that waiving the 30-
day operative delay is consistent with the protection of investors and 
the public interest and designates the proposed rule change as 
operative upon filing.\18\
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    \16\ Id.
    \17\ 17 CFR 240.19b-4(f)(6)(iii).
    \18\ For purposes only of waiving the 30-day operative delay, 
the Commission has considered the proposed rule's impact on 
efficiency, competition, and capital formation. See 15 U.S.C. 
78c(f).
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    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 necessary or 
appropriate in the public interest, for the protection of investors, or 
otherwise in furtherance of the purposes of the Act. If the Commission 
takes such action, the Commission shall institute proceedings under 
Section 19(b)(2)(B) \19\ of the Act to determine whether the proposed 
rule change should be approved or disapproved.
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    \19\ 15 U.S.C. 78s(b)(2)(B).
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IV. Solicitation of Comments

    Interested persons are invited to submit written data, views and 
arguments concerning the foregoing, including whether the proposed rule 
change is consistent with the Act. Comments may be submitted by any of 
the following methods:

Electronic Comments

     Use the Commission's Internet comment form (http://www.sec.gov/rules/sro.shtml); or
     Send an email to [email protected]. Please include 
File Number SR-IEX-2017-33 on the subject line.

Paper Comments

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

All submissions should refer to File Number SR-IEX-2017-33. This file 
number should be included in the subject line if email is used. To help 
the Commission process and review your comments more efficiently, 
please use only one method. The Commission will post all comments on 
the Commission's Internet Web site (http://www.sec.gov/rules/sro.shtml). Copies of the submission, all subsequent amendments, all 
written statements with respect to the proposed rule change that are 
filed with the Commission, and all written communications relating to 
the proposed rule change between the Commission and any person, other 
than those that may be withheld from the public in accordance with the 
provisions of 5 U.S.C. 552, will be available for Web site viewing and 
printing in the Commission's Public Reference Room, 100 F Street NE., 
Washington, DC 20549 on official business days between the hours of 
10:00 a.m. and 3:00 p.m. Copies of the filing will also be available 
for inspection and copying at the IEX's principal office and on its 
Internet Web site at www.iextrading.com. All comments received will be 
posted without change; the Commission does not edit personal 
identifying information from submissions. You should submit only 
information that you wish to make available publicly. All submissions 
should refer to File Number SR-IEX-2017-33 and should be submitted on 
or before November 13, 2017.
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    \20\ 17 CFR 200.30-3(a)(12).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\20\
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017-22884 Filed 10-20-17; 8:45 am]
 BILLING CODE 8011-01-P
49054 Federal Register / Vol. 82, No. 203 / Monday, October 23, 2017 / Notices

business days between the hours of amend Rules 2.220(a)(7) and 11.410(a) and has not yet re-launched
10:00 a.m. and 3:00 p.m. Copies of such to reflect the name change NYSE MKT operations.10
filing also will be available for to NYSE American LLC (‘‘NYSE 2. Statutory Basis
inspection and copying at the principal American’’) and the National Stock
office of the Exchange. All comments Exchange to NYSE National, Inc. IEX believes that the proposed rule
received will be posted without change; (‘‘NYSE National’’). The Exchange has change is consistent with the provisions
the Commission does not edit personal designated this rule change as ‘‘non- of Section 6(b) 11 of the Act in general,
identifying information from controversial’’ under Section 19(b)(3)(A) and furthers the objectives of Section
submissions. You should submit only 6(b)(5) of the Act 12 in particular, in that
of the Act 6 and provided the
information that you wish to make it is designed to prevent fraudulent and
Commission with the notice required by
available publicly. All submissions manipulative acts and practices, to
Rule 19b–4(f)(6) thereunder.7 The text of promote just and equitable principles of
should refer to File Number SR– the proposed rule change is available at
NYSEArca–2017–118, and should be trade, to remove impediments to and
the Exchange’s Web site at perfect the mechanism of a free and
submitted on or before November 13, www.iextrading.com, at the principal
2017. open market and a national market
office of the Exchange, and at the system, and, in general, to protect
For the Commission, by the Division of Commission’s Public Reference Room. investors and the public interest. The
Trading and Markets, pursuant to delegated
authority.26 II. Self-Regulatory Organization’s Exchange believes it is consistent with
Statement of the Purpose of, and the the Act to update the referenced rules to
Eduardo A. Aleman,
Statutory Basis for, the Proposed Rule reflect the name changes of NYSE
Assistant Secretary.
American and NYSE National so that
[FR Doc. 2017–22883 Filed 10–20–17; 8:45 am] Change
IEX’s rules accurately specify away
BILLING CODE 8011–01–P markets referenced, as well as to avoid
In its filing with the Commission, the
self-regulatory organization included any potential confusion on the part of
statements concerning the purpose of market participants. As noted in the
SECURITIES AND EXCHANGE Purpose section, the proposed changes
COMMISSION and basis for the proposed rule change
and discussed any comments it received are nonsubstantive and do not alter the
[Release No. 34–81889; File No. SR–IEX– on the proposed rule change. The text manner in which orders are handled or
2017–33] routed by the Exchange.
of these statements may be examined at
Self-Regulatory Organizations: the places specified in Item IV below. B. Self-Regulatory Organization’s
Investors Exchange LLC; Notice of The self-regulatory organization has Statement on Burden on Competition
Filing and Immediate Effectiveness of prepared summaries, set forth in IEX does not believe that the
Proposed Rule Change To Reflect Sections A, B, and C below, of the most proposed rule change will result in any
Name Changes of NYSE MKT to NYSE significant aspects of such statements. burden on competition that is not
American LLC and the National Stock A. Self-Regulatory Organization’s necessary or appropriate in furtherance
Exchange to NYSE National, Inc. Statement of the Purpose of, and the of the purposes of the Act. The
Statutory Basis for, the Proposed Rule Exchange believes that the proposed
October 17, 2017.
Change correction does not impact competition
Pursuant to Section 19(b)(1) 1 of the
in any respect since it is designed to
Securities Exchange Act of 1934 (the 1. Purpose simply update away market names.
‘‘Act’’) 2 and Rule 19b–4 thereunder,3
notice is hereby given that, on October The Exchange proposes to amend C. Self-Regulatory Organization’s
4, 2017, the Investors Exchange LLC Rules 2.220(a)(7) and 11.410(a) to reflect Statement on Comments on the
(‘‘IEX’’ or the ‘‘Exchange’’) filed with the reflect [sic] the name change NYSE Proposed Rule Change Received From
Securities and Exchange Commission MKT to NYSE American 8 and the Members, Participants, or Others
(the ‘‘Commission’’) the proposed rule National Stock Exchange to NYSE Written comments were neither
change as described in Items I and II National.9 IEX Rule 2.220(a)(7) lists the solicited nor received.
below, which Items have been prepared away trading centers that IEX Services
by the self-regulatory organization. The III. Date of Effectiveness of the
LLC (‘‘IEX Services’’) routes to as
Commission is publishing this notice to Proposed Rule Change and Timing for
outbound router for the Exchange. Rule
solicit comments on the proposed rule Commission Action
11.410(a) specifies the market data
change from interested persons. sources for each away trading center Because the foregoing proposed rule
I. Self-Regulatory Organization’s that the Exchange uses for necessary does not (i) significantly affect the
Statement of the Terms of Substance of price reference points. The proposed protection of investors or the public
the Proposed Rule Change changes are nonsubstantive and do not interest; (ii) impose any significant
alter the manner in which orders are burden on competition; and (iii) become
Pursuant to the provisions of Section operative for 30 days from the date on
19(b)(1) under the Securities Exchange handled or routed by the Exchange. The
Exchange notes that NYSE National which it was filed, or such shorter time
Act of 1934 (‘‘Act’’),4 and Rule 19b–4 as the Commission may designate if
thereunder,5 Investors Exchange LLC ceased operations on February 1, 2017
consistent with the protection of
(‘‘IEX’’ or ‘‘Exchange’’) is filing with the investors and the public interest,
6 15 U.S.C. 78s(b)(3)(A).
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Commission a proposed rule change to provided that the self-regulatory
7 17 CFR 240.19b–4.
8 See Securities Exchange Act Release No.
26 17 CFR 200.30–3(a)(12). 10 See NYSE Trader Update dated January 18,
1 15
Securities Exchange Act Release No. 80283 (March
U.S.C. 78s(b)(1). 21, 2017), 82 FR 15244 (March 27, 2017) (SR– 2017 available at: https://www.nyse.com/
2 15 U.S.C. 78a.
NYSEMKT–2017–14). publicdocs/nyse/markets/nyse/NYSE_Group_NSX_
3 17 CFR 240.19b–4. 9 See Securities Exchange Act Release No. 79902 Member_Notice.pdf.
4 15 U.S.C. 78s(b)(1). 11 15 U.S.C. 78f.
(January 30, 2017), 82 FR 9258 (February 3, 2017)
5 17 CRF 240.19b–4. (SR–NSX–2016–16). 12 15 U.S.C. 78f(b)(5).

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Federal Register / Vol. 82, No. 203 / Monday, October 23, 2017 / Notices 49055

organization has given the Commission Comments may be submitted by any of SECURITIES AND EXCHANGE
written notice of its intent to file the the following methods: COMMISSION
proposed rule change at least five
Electronic Comments [Release No. 34–81892; File No. SR–ICC–
business days prior to the date of filing 2017–013]
of the proposed rule change or such • Use the Commission’s Internet
shorter time as designated by the comment form (http://www.sec.gov/ Self-Regulatory Organizations; ICE
Commission,13 the proposed rule rules/sro.shtml); or Clear Credit LLC; Notice of Filing and
change has become effective pursuant to Order Granting Accelerated Approval
Section 19(b)(3)(A) of the Act 14 and • Send an email to rule-comments@
sec.gov. Please include File Number SR– of Proposed Rule Change Relating to
Rule 19b–4(f)(6) thereunder.15 Changes to the ICC Clearing Rules
IEX–2017–33 on the subject line.
A proposed rule change filed under
Paper Comments October 17, 2017.
Rule 19b–4(f)(6) 16 normally does not
become operative prior to 30 days after Pursuant to Section 19(b)(1) of the
the date of the filing. However, pursuant • Send paper comments in triplicate Securities Exchange Act of 1934
to Rule 19b4(f)(6)(iii),17 the Commission to Brent J. Fields, Secretary, Securities (‘‘Act’’) 1 and Rule 19b–4 2 notice is
may designate a shorter time if such and Exchange Commission, 100 F Street hereby given that on October 11, 2017,
action is consistent with the protection NE., Washington, DC 20549–1090. ICE Clear Credit LLC (‘‘ICC’’ or ‘‘ICE
of investors and the public interest. The Clear Credit’’) filed with the Securities
All submissions should refer to File and Exchange Commission
Exchange has asked the Commission to Number SR–IEX–2017–33. This file (‘‘Commission’’) the proposed rule
waive the 30-day operative delay so that number should be included in the change described in Items I, II, and III
the proposal may become operative subject line if email is used. To help the below, which Items have been prepared
immediately upon filing. The Commission process and review your primarily by ICC. The Commission is
Commission notes that the proposed comments more efficiently, please use publishing this notice and order to
rule change does not present any new, only one method. The Commission will solicit comments on the proposed rule
unique or substantive issues, but rather post all comments on the Commission’s change from interested persons and to
is merely updating references to away Internet Web site (http://www.sec.gov/ approve the proposed rule changes on
markets in two of the Exchange’s rules rules/sro.shtml). Copies of the an accelerated basis.
and that waiver of the 30-day operative submission, all subsequent
delay will help prevent potential amendments, all written statements I. Clearing Agency’s Statement of the
confusion to market participants. with respect to the proposed rule Terms of Substance of the Proposed
Therefore, the Commission believes that change that are filed with the Rule Change
waiving the 30-day operative delay is Commission, and all written The principal purpose of the
consistent with the protection of communications relating to the proposed rule change is to implement
investors and the public interest and proposed rule change between the certain amendments to the ICC Clearing
designates the proposed rule change as Commission and any person, other than Rules (the ‘‘Rules’’) relating to
operative upon filing.18 those that may be withheld from the implementation of Venezuela sanctions.
At any time within 60 days of the public in accordance with the
II. Clearing Agency’s Statement of the
filing of the proposed rule change, the provisions of 5 U.S.C. 552, will be
Purpose of, and Statutory Basis for, the
Commission summarily may available for Web site viewing and Proposed Rule Change
temporarily suspend such rule change if printing in the Commission’s Public
it appears to the Commission that such Reference Room, 100 F Street NE., In its filing with the Commission, ICC
action is necessary or appropriate in the Washington, DC 20549 on official included statements concerning the
public interest, for the protection of business days between the hours of purpose of and basis for the proposed
investors, or otherwise in furtherance of 10:00 a.m. and 3:00 p.m. Copies of the rule change and discussed any
the purposes of the Act. If the filing will also be available for comments it received on the proposed
Commission takes such action, the inspection and copying at the IEX’s rule change. The text of these statements
Commission shall institute proceedings principal office and on its Internet Web may be examined at the places specified
under Section 19(b)(2)(B) 19 of the Act to site at www.iextrading.com. All in Item IV below. ICC has prepared
determine whether the proposed rule comments received will be posted summaries, set forth in sections (A), (B),
change should be approved or without change; the Commission does and (C) below, of the most significant
disapproved. not edit personal identifying aspects of these statements.
IV. Solicitation of Comments information from submissions. You (A) Clearing Agency’s Statement of the
should submit only information that Purpose of, and Statutory Basis for, the
Interested persons are invited to you wish to make available publicly. All Proposed Rule Change
submit written data, views and submissions should refer to File
arguments concerning the foregoing, Number SR–IEX–2017–33 and should (a) Purpose
including whether the proposed rule be submitted on or before November 13, The purpose of the proposed changes
change is consistent with the Act. 2017. is to modify certain provisions of the
For the Commission, by the Division of Rules applicable to cleared CDS
13 The Exchange has fulfilled this requirement. Trading and Markets, pursuant to delegated contracts (or components thereof) for
14 15 U.S.C. 78s(b)(3)(A).
which the Bolivarian Republic of
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authority.20
15 17 CFR 240.19b–4(f)(6).
Eduardo A. Aleman, Venezuela is a reference entity, in light
16 Id.
of the sanctions (the ‘‘Venezuela
17 17 CFR 240.19b–4(f)(6)(iii). Assistant Secretary.
18 For purposes only of waiving the 30-day
Sanctions’’) imposed by Executive
[FR Doc. 2017–22884 Filed 10–20–17; 8:45 am]
operative delay, the Commission has considered the Order 13808 of August 24, 2017
BILLING CODE 8011–01–P
proposed rule’s impact on efficiency, competition,
and capital formation. See 15 U.S.C. 78c(f). 1 15 U.S.C. 78s(b)(1).
19 15 U.S.C. 78s(b)(2)(B). 20 17 CFR 200.30–3(a)(12). 2 17 CFR 240.19b–4.

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Document Created: 2017-10-21 02:36:00
Document Modified: 2017-10-21 02:36:00
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 49054