82 FR 50196 - Self-Regulatory Organizations; Nasdaq GEMX, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Rule 723 To Remove Obsolete Rule Text
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 82, Issue 208 (October 30, 2017)
Federal Register Volume 82, Issue 208 (October 30, 2017)
| Page Range | 50196-50198 | |
| FR Document | 2017-23484 |
[Federal Register Volume 82, Number 208 (Monday, October 30, 2017)] [Notices] [Pages 50196-50198] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2017-23484] ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION [Release No. 34-81935; File No. SR-GEMX-2017-49] Self-Regulatory Organizations; Nasdaq GEMX, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Rule 723 To Remove Obsolete Rule Text October 24, 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 October 17, 2017, Nasdaq GEMX, LLC (``GEMX'' or ``Exchange'') filed with the Securities and Exchange Commission (``SEC'' or ``Commission'') the proposed rule change as described in Items I and II below, which Items have been prepared by the Exchange. 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. --------------------------------------------------------------------------- I. Self-Regulatory Organization's Statement of the Terms of Substance of the Proposed Rule Change The Exchange proposes to amend Rule 723 (Price Improvement Mechanism for Crossing Transactions) to remove obsolete rule text. The text of the proposed rule change is available on the Exchange's Web site at www.ise.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 Exchange included statements [[Page 50197]] 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 aspects of such statements. A. Self-Regulatory Organization's Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change 1. Purpose The Exchange proposes to amend Rule 723 (Price Improvement Mechanism for Crossing Transactions) to remove obsolete rule text. Rule 723 sets forth the requirements for the PIM, which was adopted as part of its application to be registered as a national securities exchange under its previous name of Topaz Exchange, LLC (``Topaz'').\3\ Certain aspects of PIM were adopted on a pilot basis (``Pilot''); specifically, the termination of the exposure period by unrelated orders, and no minimum size requirement of orders eligible for PIM. The Pilot expired on January 18, 2017. --------------------------------------------------------------------------- \3\ See Securities Exchange Act Release No. 70050 (July 26, 2013), 78 FR 46622 (August 1, 2013) (File No. 10-209) (``Exchange Approval Order''). The Exchange subsequently changed its name to ISE Gemini. See Securities Exchange Act Release No. 71586 (February 20, 2014), 79 FR 10861 (February 26, 2014) (SR-Topaz-2014-06). --------------------------------------------------------------------------- On December 12, 2016, the Exchange filed with the Commission a proposed rule change to make the Pilot permanent, and also to change the requirements for providing price improvement for Agency Orders of less than 50 option contracts (other than auctions involving Complex Orders) where the National Best Bid and Offer (``NBBO'') is only $0.01 wide.\4\ The Commission approved this proposal on January 18, 2017.\5\ --------------------------------------------------------------------------- \4\ See Securities Exchange Act Release No. 79541 (December 13, 2016), 81 FR 91974 (December 19, 2017) (SR-ISEGemini-2016-23). The Exchange notes that, on April 3, 2017, ISE Gemini, LLC was renamed Nasdaq GEMX, LLC to reflect its new placement within the Nasdaq, Inc. corporate structure in connection with the March 9, 2016 acquisition by Nasdaq of the capital stock of U.S. Exchange Holdings, and the indirect acquisition all of the interests of the International Securities Exchange, LLC, ISE Gemini, LLC and ISE Mercury, LLC. See Securities Exchange Act Release No. 80248 (March 15, 2017), 82 FR 14547 (March 21, 2017) (SR-ISEGemini-2017-13). \5\ See Securities Exchange Act Release No. 79840 (January 18, 2017), 82 FR 8474 (January 25, 2017) (SR-ISEGemini-2016-23). --------------------------------------------------------------------------- In modifying the requirements for price improvement for Agency Orders of less than 50 contracts, the Exchange proposed to amend Rule 723(b) to require Electronic Access Members to provide at least $0.01 price improvement for an Agency Order if that order is for less than 50 contracts and if the difference between the NBBO is $0.01. The Exchange adopted a member conduct standard to implement this requirement during the time pursuant to which ISE Gemini symbols were migrating from the ISE Gemini platform to the Nasdaq INET platform. At the time it proposed the member conduct standard, the Exchange anticipated that the migration to the Nasdaq platform would be complete on or before April 15, 2017. Accordingly, Rule 723(b) stated that, for the period beginning January 19, 2017 until a date specified by the Exchange in a Regulatory Information Circular, which date shall be no later than April 15, 2017, if the Agency Order is for less than 50 option contracts, and if the difference between the NBBO is $0.01, an Electronic Access Member shall not enter a Crossing Transaction unless such Crossing Transaction is entered at one minimum price improvement increment better than the NBBO on the opposite side of the market from the Agency Order, and better than the limit order or quote on the Nasdaq GEMX order book on the same side of the Agency Order. This requirement applied regardless of whether the Agency Order is for the account of a public customer, or where the Agency Order is for the account of a broker dealer or any other person or entity that is not a Public Customer.\6\ --------------------------------------------------------------------------- \6\ Nasdaq ISE, LLC (``ISE'') filed a proposed rule change at the same time as the Exchange to adopt the same price improvement requirement. To enforce this requirement, ISE also amended its Rule 1614 (Imposition of Fines for Minor Rule Violations). Specifically, ISE added Rule 1614(d)(4), which provides that any Member who enters an order into PIM for less than 50 contracts, while the National Best Bid or Offer spread is $0.01, must provide price improvement of at least one minimum price improvement increment better than the NBBO on the opposite side of the market from the Agency Order, which increment may not be smaller than $0.01. Failure to provide such price improvement will result in members being subject to the following fines: $500 for the second offense, $1,000 for the third offense, and $2,500 for the fourth offense. Subsequent offenses will subject the member to formal disciplinary action. The Exchange will review violations on a monthly cycle to assess these violations. This provision was to be in effect for the period beginning January 19, 2017 until a date specified by the Exchange in a Regulatory Information Circular, which date shall be no later than until September 15, 2017. The Exchange incorporated this provision by reference. See GEMX Chapter 16 (Discipline). Contemporaneous with this proposal, ISE is now submitting a filing to remove the member conduct standard for its price improvement rule and the corresponding provision in Rule 1614 for violations of that standard. As such, GEMX will no longer incorporate this provision of Rule 1614 by reference. --------------------------------------------------------------------------- In adopting the price improvement requirement for Agency Orders of less than 50 contracts, the Exchange also proposed to amend Rule 723(b) to adopt a systems-based mechanism to implement this requirement, which shall be effective following the migration of a symbol to the Nasdaq INET platform. Under this provision, if the Agency Order is for less than 50 option contracts, and if the difference between the NBBO is $0.01, the Crossing Transaction must be entered at one minimum price improvement increment better than the NBBO on the opposite side of the market from the Agency Order and better than the limit order or quote on the Nasdaq GEMX order book on the same side of the Agency Order. By April 15, 2017, the Exchange had completed the migration of symbols to the Nasdaq INET platform, and adopted the corresponding systems-based mechanism for enforcing the price improvement requirement where the Agency Order is for less than 50 option contracts, and if the difference between the NBBO is $0.01. Accordingly, the Exchange is now proposing to delete the rule text in Rule 723 that implements the member conduct standard. 2. Statutory Basis The Exchange believes that its proposal is consistent with section 6(b) of the Act,\7\ in general, and furthers the objectives of section 6(b)(5) of the Act,\8\ in particular, in that it is designed 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 this proposal is consistent with the Act because it removes language that implements the member conduct standard where the Agency Order is for less than 50 option contracts, and if the difference between the NBBO is $0.01. As noted above, this standard has become obsolete with the migration of all symbols to the Nasdaq INET system and the corresponding adoption of the systems-based mechanism for enforcing that requirement, which was previously approved by the Commission.\9\ --------------------------------------------------------------------------- \7\ 15 U.S.C. 78f(b). \8\ 15 U.S.C. 78f(b)(5). \9\ See supra note 5. --------------------------------------------------------------------------- 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 not [[Page 50198]] necessary or appropriate in furtherance of the purposes of the Act, as the rule text to be removed has become obsolete with the migration of all symbols to the Nasdaq INET system and the corresponding adoption of the systems-based mechanism for enforcing the price improvement requirement where the Agency Order is for less than 50 option contracts, and if the differences between the NBBO is $0.01. C. Self-Regulatory Organization's Statement on Comments on the Proposed Rule Change Received From Members, Participants, or Others No written comments were either solicited or received. III. Date of Effectiveness of the Proposed Rule Change and Timing for Commission Action Because the 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) of the Act \10\ and Rule 19b-4(f)(6) thereunder.\11\ --------------------------------------------------------------------------- \10\ 15 U.S.C. 78s(b)(3)(A). \11\ 17 CFR 240.19b-4(f)(6). As required under Rule 19b- 4(f)(6)(iii), the Exchange provided the Commission with written notice of its intent to file the proposed rule change, along with a brief description and the 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. --------------------------------------------------------------------------- A proposed rule change filed pursuant to Rule 19b-4(f)(6) under the Act \12\ normally does not become operative for 30 days after the date of its filing. However, Rule 19b-4(f)(6)(iii) \13\ permits the Commission to 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 proposed rule change may become operative upon filing. The Exchange states that waiver of the operative delay will allow the Exchange to remove the obsolete rule text immediately, minimizing potential investor confusion. The Commission believes the waiver of the operative delay is consistent with the protection of investors and the public interest. Accordingly, the Commission hereby waives the operative delay and designates the proposed rule change operative upon filing.\14\ --------------------------------------------------------------------------- \12\ 17 CFR 240.19b-4(f)(6). \13\ 17 CFR 240.19b-4(f)(6)(iii). \14\ For purposes only of waiving the 30-day operative delay, the Commission has also considered the proposed rule's impact on efficiency, competition, and capital formation. See 15 U.S.C. 78c(f). --------------------------------------------------------------------------- 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 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-GEMX-2017-49 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-GEMX-2017-49. 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 office of the Exchange. All comments received will be posted without change. Persons submitting comments are cautioned that we do not redact or edit personal identifying information from comment submissions. You should submit only information that you wish to make available publicly. All submissions should refer to File Number SR-GEMX-2017-49, and should be submitted on or before November 20, 2017. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.\15\ --------------------------------------------------------------------------- \15\ 17 CFR 200.30-3(a)(12). --------------------------------------------------------------------------- Robert W. Errett, Deputy Secretary. [FR Doc. 2017-23484 Filed 10-27-17; 8:45 am] BILLING CODE 8011-01-P
![50196 Federal Register / Vol. 82, No. 208 / Monday, October 30, 2017 / Notices
believes that providing the exemption At any time within 60 days of the will be posted without change. Persons
on a permanent basis does not result in filing of the proposed rule change, the submitting comments are cautioned that
any burden on competition since it Commission summarily may we do not redact or edit personal
treats all similarly-situated members the temporarily suspend such rule change if identifying information from comment
same. Specifically, with regard to it appears to the Commission that such submissions. You should submit only
covered transactions, the proposal action is necessary or appropriate in the information that you wish to make
allows members to avoid trade reporting public interest, for the protection of available publicly. All submissions
to FINRA and the increased costs that investors, or otherwise in furtherance of should refer to File Number SR–FINRA–
may be incurred as a result of such the purposes of the Act. If the 2017–032, and should be submitted on
requirement. Commission takes such action, the or before November 20, 2017.
Commission shall institute proceedings For the Commission, by the Division of
C. Self-Regulatory Organization’s
to determine whether the proposed rule Trading and Markets, pursuant to delegated
Statement on Comments on the
should be approved or disapproved. authority.12
Proposed Rule Change Received From
Members, Participants, or Others IV. Solicitation of Comments Eduardo A. Aleman,
Assistant Secretary.
Written comments were neither Interested persons are invited to
[FR Doc. 2017–23479 Filed 10–27–17; 8:45 am]
solicited nor received. submit written data, views, and
BILLING CODE 8011–01–P
arguments concerning the foregoing,
III. Date of Effectiveness of the including whether the proposed rule
Proposed Rule Change and Timing for change is consistent with the Act.
Commission Action SECURITIES AND EXCHANGE
Comments may be submitted by any of COMMISSION
Because the foregoing proposed rule the following methods:
[Release No. 34–81935; File No. SR–GEMX–
change does not: (i) Significantly affect Electronic Comments 2017–49]
the protection of investors or the public
• Use the Commission’s Internet
interest; (ii) impose any significant Self-Regulatory Organizations; Nasdaq
comment form (http://www.sec.gov/
burden on competition; and (iii) become GEMX, LLC; Notice of Filing and
rules/sro.shtml); or
operative for 30 days from the date on • Send an email to rule-comments@ Immediate Effectiveness of Proposed
which it was filed, or such shorter time sec.gov. Please include File Number SR– Rule Change To Amend Rule 723 To
as the Commission may designate, it has FINRA–2017–032 on the subject line. Remove Obsolete Rule Text
become effective pursuant to section
19(b)(3)(A) of the Act 9 and Rule 19b– Paper Comments October 24, 2017.
4(f)(6) thereunder.10 • Send paper comments in triplicate Pursuant to section 19(b)(1) of the
FINRA has asked the Commission to to Brent J. Fields, Secretary, Securities Securities Exchange Act of 1934 (the
waive the 30-day operative delay so that and Exchange Commission, 100 F Street ‘‘Act’’),1 and Rule 19b–4 thereunder,2
the proposal may become operative NE., Washington, DC 20549–1090. notice is hereby given that on October
immediately upon filing. The 17, 2017, Nasdaq GEMX, LLC (‘‘GEMX’’
All submissions should refer to File
Commission believes that waiving the or ‘‘Exchange’’) filed with the Securities
Number SR–FINRA–2017–032. This file
30-day operative delay is consistent and Exchange Commission (‘‘SEC’’ or
number should be included on the
with the protection of investors and the ‘‘Commission’’) the proposed rule
subject line if email is used. To help the
public interest because such action will change as described in Items I and II
Commission process and review your
allow the existing TRACE exemption to below, which Items have been prepared
comments more efficiently, please use
remain available without interruption. If by the Exchange. The Commission is
only one method. The Commission will
the pilot program were to expire on publishing this notice to solicit
post all comments on the Commission’s
October 27, 2017, FINRA members comments on the proposed rule change
Internet Web site (http://www.sec.gov/
would immediately become subject to from interested persons.
rules/sro.shtml). Copies of the
duplicative reporting obligations with submission, all subsequent I. Self-Regulatory Organization’s
respect to transactions in TRACE- amendments, all written statements Statement of the Terms of Substance of
eligible debt securities effected on with respect to the proposed rule the Proposed Rule Change
NYSE. In addition, the Commission change that are filed with the The Exchange proposes to amend
notes that the pilot has been operating Commission, and all written Rule 723 (Price Improvement
since 2007 without any issues being communications relating to the Mechanism for Crossing Transactions)
raised in the various comment periods proposed rule change between the to remove obsolete rule text.
to extend the pilot. For these reasons, Commission and any person, other than The text of the proposed rule change
the Commission hereby waives the 30- those that may be withheld from the is available on the Exchange’s Web site
day operative delay requirement and public in accordance with the at www.ise.com, at the principal office
designates the proposed rule change as provisions of 5 U.S.C. 552, will be of the Exchange, and at the
operative upon filing.11 available for Web site viewing and Commission’s Public Reference Room.
printing in the Commission’s Public
9 15 U.S.C. 78s(b)(3)(A). Reference Room, 100 F Street NE., II. Self-Regulatory Organization’s
10 17 CFR 240.19b–4(f)(6). In addition, Rule 19b–
Washington, DC 20549 on official Statement of the Purpose of, and
4(f)(6)(iii) requires a self-regulatory organization to Statutory Basis for, the Proposed Rule
sradovich on DSK3GMQ082PROD with NOTICES
give the Commission written notice of its intent to business days between the hours of
file the proposed rule change, along with a brief 10:00 a.m. and 3:00 p.m. Copies of such Change
description and text of the proposed rule change, filing also will be available for In its filing with the Commission, the
at least five business days prior to the date of filing
of the proposed rule change, or such shorter time
inspection and copying at the principal Exchange included statements
as designated by the Commission. FINRA has office of FINRA. All comments received
12 17 CFR 200.30–3(a)(12).
satisfied this requirement.
11 For purposes only of waiving the 30-day 1 15 U.S.C. 78s(b)(1).
proposed rule’s impact on efficiency, competition,
operative delay, the Commission has considered the and capital formation. See 15 U.S.C. 78c(f). 2 17 CFR 240.19b–4.
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![50198 Federal Register / Vol. 82, No. 208 / Monday, October 30, 2017 / Notices
necessary or appropriate in furtherance At any time within 60 days of the office of the Exchange. All comments
of the purposes of the Act, as the rule filing of the proposed rule change, the received will be posted without change.
text to be removed has become obsolete Commission summarily may Persons submitting comments are
with the migration of all symbols to the temporarily suspend such rule change if cautioned that we do not redact or edit
Nasdaq INET system and the it appears to the Commission that such personal identifying information from
corresponding adoption of the systems- action is necessary or appropriate in the comment submissions. You should
based mechanism for enforcing the price public interest, for the protection of submit only information that you wish
improvement requirement where the investors, or otherwise in furtherance of to make available publicly. All
Agency Order is for less than 50 option the purposes of the Act. If the submissions should refer to File
contracts, and if the differences between Commission takes such action, the Number SR–GEMX–2017–49, and
the NBBO is $0.01. Commission shall institute proceedings should be submitted on or before
C. Self-Regulatory Organization’s to determine whether the proposed rule November 20, 2017.
Statement on Comments on the should be approved or disapproved. For the Commission, by the Division of
Proposed Rule Change Received From IV. Solicitation of Comments Trading and Markets, pursuant to delegated
Members, Participants, or Others authority.15
Interested persons are invited to Robert W. Errett,
No written comments were either submit written data, views, and
solicited or received. Deputy Secretary.
arguments concerning the foregoing,
[FR Doc. 2017–23484 Filed 10–27–17; 8:45 am]
III. Date of Effectiveness of the including whether the proposed rule
BILLING CODE 8011–01–P
Proposed Rule Change and Timing for change is consistent with the Act.
Commission Action Comments may be submitted by any of
the following methods:
Because the proposed rule change SECURITIES AND EXCHANGE
does not (i) significantly affect the Electronic Comments COMMISSION
protection of investors or the public • Use the Commission’s Internet [Release No. 34–81930; File No. SR–
interest; (ii) impose any significant comment form (http://www.sec.gov/ NASDAQ–2017–107]
burden on competition; and (iii) become rules/sro.shtml); or
operative for 30 days from the date on • Send an email to rule-comments@ Self-Regulatory Organizations; The
which it was filed, or such shorter time sec.gov. Please include File Number SR– NASDAQ Stock Market LLC; Notice of
as the Commission may designate, it has GEMX–2017–49 on the subject line. Filing and Immediate Effectiveness of
become effective pursuant to section Proposed Rule Change To Amend
19(b)(3)(A) of the Act 10 and Rule 19b– Paper Comments
Nasdaq Closing Cross Rules
4(f)(6) thereunder.11 • Send paper comments in triplicate
A proposed rule change filed to Brent J. Fields, Secretary, Securities October 24, 2017.
pursuant to Rule 19b–4(f)(6) under the and Exchange Commission, 100 F Street Pursuant to Section 19(b)(1) of the
Act 12 normally does not become NE., Washington, DC 20549–1090. Securities Exchange Act of 1934
operative for 30 days after the date of its All submissions should refer to File (‘‘Act’’),1 and Rule 19b–4 thereunder,2
filing. However, Rule 19b–4(f)(6)(iii) 13 Number SR–GEMX–2017–49. This file notice is hereby given that on October
permits the Commission to designate a number should be included on the 10, 2017, The NASDAQ Stock Market
shorter time if such action is consistent subject line if email is used. To help the LLC (‘‘Nasdaq’’ or ‘‘Exchange’’) filed
with the protection of investors and the Commission process and review your with the Securities and Exchange
public interest. The Exchange has asked comments more efficiently, please use Commission (‘‘Commission’’) the
the Commission to waive the 30-day only one method. The Commission will proposed rule change as described in
operative delay so that the proposed post all comments on the Commission’s Items I and II below, which Items have
rule change may become operative upon Internet Web site (http://www.sec.gov/ been prepared by the Exchange. The
filing. The Exchange states that waiver rules/sro.shtml). Copies of the Commission is publishing this notice to
of the operative delay will allow the submission, all subsequent solicit comments on the proposed rule
Exchange to remove the obsolete rule amendments, all written statements change from interested persons.
text immediately, minimizing potential with respect to the proposed rule
investor confusion. The Commission I. Self-Regulatory Organization’s
change that are filed with the Statement of the Terms of Substance of
believes the waiver of the operative Commission, and all written
delay is consistent with the protection the Proposed Rule Change
communications relating to the
of investors and the public interest. proposed rule change between the The Exchange proposes to amend
Accordingly, the Commission hereby Commission and any person, other than Rule 4702 (Order Types) and Rule 4754
waives the operative delay and those that may be withheld from the [sic] (Nasdaq Closing Cross) to enhance
designates the proposed rule change public in accordance with the the Nasdaq Closing Cross by permitting
operative upon filing.14 provisions of 5 U.S.C. 552, will be members to submit LOC Orders until
available for Web site viewing and immediately prior to 3:55 p.m. ET
10 15 U.S.C. 78s(b)(3)(A).
printing in the Commission’s Public subject to certain conditions, and to
11 17 CFR 240.19b–4(f)(6). As required under Rule
Reference Room, 100 F Street NE., make other changes related to Closing
19b–4(f)(6)(iii), the Exchange provided the
Commission with written notice of its intent to file Washington, DC 20549 on official Cross/Extended Hours Orders [sic].
sradovich on DSK3GMQ082PROD with NOTICES
the proposed rule change, along with a brief business days between the hours of The text of the proposed rule change
description and the text of the proposed rule
10:00 a.m. and 3:00 p.m. Copies of such is available on the Exchange’s Web site
change, at least five business days prior to the date at http://nasdaq.cchwallstreet.com, at
of filing of the proposed rule change, or such filing also will be available for
shorter time as designated by the Commission. inspection and copying at the principal the principal office of the Exchange, and
12 17 CFR 240.19b–4(f)(6).
13 17 CFR 240.19b–4(f)(6)(iii). 15 17 CFR 200.30–3(a)(12).
considered the proposed rule’s impact on
14 For purposes only of waiving the 30-day 1 15 U.S.C. 78s(b)(1).
efficiency, competition, and capital formation. See
operative delay, the Commission has also 15 U.S.C. 78c(f). 2 17 CFR 240.19b–4.
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Document Created: 2017-10-28 00:28:25
Document Modified: 2017-10-28 00:28:25
| 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 50196 |
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