82 FR 51317 - Self-Regulatory Organizations; C2 Options Exchange, Incorporated; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change Relating To Reflect in the Exchange's Governing Documents, Rulebook and Fees Schedules, a Non-Substantive Corporate Branding Change, Including Changes to the Company's Name, the Intermediate's Name, and the Exchange's Name
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 82, Issue 212 (November 3, 2017)
Federal Register Volume 82, Issue 212 (November 3, 2017)
| Page Range | 51317-51319 | |
| FR Document | 2017-23925 |
[Federal Register Volume 82, Number 212 (Friday, November 3, 2017)] [Notices] [Pages 51317-51319] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2017-23925] ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION [Release No. 34-81979; File No. SR-C2-2017-028] Self-Regulatory Organizations; C2 Options Exchange, Incorporated; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change Relating To Reflect in the Exchange's Governing Documents, Rulebook and Fees Schedules, a Non-Substantive Corporate Branding Change, Including Changes to the Company's Name, the Intermediate's Name, and the Exchange's Name October 30, 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 19, 2017, C2 Options Exchange, Incorporated (the ``Exchange'' or ``C2'') 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 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 filed a proposed rule change with respect to amendments of the Second Amended and Restated Certificate of Incorporation (the ``Company's Certificate'') and Third Amended and Restated Bylaws (the ``Company's Bylaws'') of its parent corporation, CBOE Holdings, Inc. (``CBOE Holdings'' or the ``Company'') to change the name of the Company to Cboe Global Markets, Inc. The Exchange also proposes to amend its Fourth Amended and Restated Certificate of Incorporation (the ``Exchange Certificate''), Eighth Amended and Restated Bylaws of C2 Options Exchange, Incorporated (the ``Exchange Bylaws''), rulebook and fees schedules (collectively ``operative documents'') in connection with the name change of its parent Company and the Exchange. The text of the proposed rule change is also available on the Exchange's Web site (http://www.c2exchange.com/Legal/), at the Exchange's Office of the Secretary, and at the Commission's Public Reference Room. II. Self-Regulatory Organization's Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change In its filing with the Commission, the Exchange included statements concerning the purpose of and basis for the proposed rule change and discussed any comments it received on the proposed rule change. The text of these statements may be examined at the places specified in Item IV below. The Exchange has prepared summaries, set forth in sections A, B, and C below, of the most significant aspects of such statements. A. Self-Regulatory Organization's Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change 1. Purpose Background The purpose of this filing is to reflect in the Exchange's governing documents (and the governing documents of its parent company, CBOE Holdings) and the Exchange's rulebook and fees schedules, a non- substantive corporate branding change, including changes to the Company's name and the Exchange's name.\3\ Particularly, references to Company's and Exchange's names will be deleted and revised to state the new names, as described more fully below. No other substantive changes are being proposed in this filing. The Exchange represents that these changes are concerned solely with the administration of the Exchange and do not affect the meaning, administration, or enforcement of any rules of the Exchange or the rights, obligations, or privileges of Exchange members or their associated persons is [sic] any way. Accordingly, this filing is being submitted under Rule 19b-4(f)(3). In lieu of providing a copy of the marked name changes, the Exchange represents that it will make the necessary non-substantive revisions described below to the Exchange's corporate governance documents, rulebook, and fees schedules, and post updated versions of each on the Exchange's Web site pursuant to Rule 19b-4(m)(2). --------------------------------------------------------------------------- \3\ The Exchange initially filed the proposed rule changes on October 16, 2017 (SR-C2-2017-027). On October 19, 2017 the Exchange withdrew SR-C2-2017-027 and then subsequently submitted this filing (SR-C2-2017-028). --------------------------------------------------------------------------- The Company's Name Change In connection with the corporate name change of its parent company, the Exchange is proposing to amend the Company's Certificate and Bylaws. Specifically, the Company is changing its name from ``CBOE Holdings, Inc.'' to ``Cboe Global Markets, Inc.'' (a) Company's Certificate The Exchange proposes to (i) delete the following language from Paragraph (1) of the introductory paragraph: ``The name of the Corporation is CBOE Holdings, Inc.'' and (ii) amend Article First of the Company's Certificate to reflect the new name, ``Cboe Global Markets, Inc.''. The Exchange also proposes to add clarifying language and cite to the applicable provisions of the General Corporation Law of the State of [[Page 51318]] Delaware in connection with the proposed name change. The Exchange notes that it is not amending the Company's name in the title or signature line as the name changes will not be effective until the Company, as currently named, files the proposed changes in Delaware. Thereafter, the Exchange will amend the Certificate to reflect the new name in the title and signature line. The Exchange also notes that although the name of ``Chicago Board Options Exchange, Incorporated'' is changing to ``Cboe Exchange Inc.'', it is not amending the name of Chicago Board Options Exchange, Incorporated (``CBOE'') referenced in Article Fifth(a)(iii) at this time. Particularly, the Exchange notes that unlike the exception applicable to proposed changes to the Company's name,\4\ a vote of stockholders is required to adopt an amendment to the reference of CBOE's name. As such, the Exchange will submit a rule filing to amend the Certificate to reflect the new CBOE name at such time it is ready to obtain stockholder approval. --------------------------------------------------------------------------- \4\ See Section 242(b) of the General Corporation Law of the State of Delaware. --------------------------------------------------------------------------- (b) Company's Bylaws With respect to the Company's Bylaws, references to ``CBOE Holdings, Inc.'' will be deleted and revised to state ``Cboe Global Markets, Inc.'' The Exchange also proposes to eliminate the reference to ``Chicago Board Options Exchange, Incorporated'' in Article 10, Section 10.2. Particularly, Section 10.2 provides that ``for so long as the Corporation shall control, directly or indirectly, any national securities exchange, including, but not limited to Chicago Board Options Exchange, Incorporated (a ``Regulated Securities Exchange Subsidiary''), before any amendment, alteration or repeal of any provision of the Bylaws shall be effective, such amendment, alteration or repeal shall be submitted to the board of directors of each Regulated Securities Exchange Subsidiary, and if such amendment, alteration or repeal must be filed with or filed with and approved by the Securities and Exchange Commission, then such amendment, alteration or repeal shall not become effective until filed with or filed with and approved by the Securities and Exchange Commission, as the case may be.'' As the Company currently controls a number of Regulated Securities Exchange Subsidiaries, it does not believe it is necessary to explicitly reference only Chicago Board Option Exchange, Incorporated and therefore proposes to delete the following language: ``Including, but not limited to Chicago Board Options Exchange, Incorporated''. The Exchange's Name Change For purposes of consistency, certain of the Parent's subsidiaries have also undertaken to change their legal names. As a result, the Exchange also proposes to change its name from ``C2 Options Exchange, Incorporated'' to ``Cboe C2 Exchange, Inc.'' throughout its rules, fees schedules and corporate documents. Additionally the Exchange notes that the Chicago Board Options Exchange, Incorporated is filing a similar rule filing to change its name to ``Cboe Exchange, Inc.'' and change references to ``CBOE'' to ``Cboe Options'', with the exception that references to ``CBOE Command'', ``CBOE Application Server'' and ``CBOE Market Interface'' will be deleted and revised to state ``Cboe Command'', ``Cboe Application Server'', and ``Cboe Market Interface'', respectively. The Exchange therefore also proposes to replace any of these references throughout the C2 operative documents accordingly. Lastly, the Exchange is changing the name of ``Market Data Express, LLC'' to ``Cboe Data Services, LLC'' and consequently also changing references to ``MDX'' to ``CDS''. Therefore, the Exchange proposes to amend its: (i) Fourth Amended and Restated Certificate of Incorporation of C2 Options Exchange, Incorporated (ii) Eighth Amended and Restated Bylaws of C2 Options Exchange, Incorporated, (iii) Rulebook, (iv) Fees Schedule and (v) Market Data Express, LLC Fees Schedule (collectively, the ``Operative Documents'') to reflect the name changes. (a) Exchange's Certificate The Exchange proposes to (i) delete the following language from the introductory paragraph: ``The name of the Corporation is C2 Options Exchange, Incorporated'' and (ii) amend Article First of the Exchange's Certificate to reflect the new name, ``Cboe C2 Exchange, Inc.''. The Exchange also proposes to change references to its parent company, ``CBOE Holdings, Inc.'' to ``Cboe Global Markets, Inc.''. The Exchange notes that it is not amending the Exchange's name in the title, introductory paragraph or signature line as the name changes will not be effective until the Exchange, as currently named, files the proposed changes in Delaware. Thereafter, the Exchange will amend the Certificate to reflect the new name in the title, introductory paragraph and signature line. (b) Exchange's Bylaws For the Exchange's Bylaws, all references to ``C2 Options Exchange, Incorporated'' will be deleted and revised to state ``Cboe C2 Exchange, Inc.''. (c) Exchange's Rulebook For the Rules of C2 Options Exchange, Incorporated, all references to ``C2 Options Exchange, Incorporated'' will be deleted and revised to state ``Cboe C2 Exchange, Inc.'' Additionally, all references to ``Chicago Board Options Exchange, Incorporated'' will be deleted and revised to state ``Cboe Exchange, Inc.'' and all references to ``CBOE'' will be deleted and revised to state ``Cboe Options'', with the exception that any references to ``CBOE Command'', ``CBOE Application Server'' and ``CBOE Market Interface'' will change to ``Cboe Command, ``Cboe Application Server'', and ``Cboe Market Interface'', respectively. (d) Exchange's Fees Schedule For the C2 Options Exchange, Incorporated Fees Schedule, any reference to ``C2 Options Exchange, Incorporated'' will be deleted and revised to state ``Cboe C2 Exchange, Inc.''. Additionally, all references to ``CBOE'' will be deleted and revised to state ``Cboe Options''. (e) Market Data Express, LLC Fees Schedule For the Market Data Express, LLC Fees Schedule, all references to ``Market Data Express, LLC'' will be deleted and revised to state ``Cboe Data Services, LLC'' and references to ``CBOE Streaming Markets'' will be deleted in its entirety. Additionally references to ``MDX'' will be deleted and revised to state ``CDS''. 2. Statutory Basis The Exchange believes the proposed rule change is consistent with the Securities Exchange Act of 1934 (the ``Act'') and the rules and regulations thereunder applicable to the Exchange and, in particular, the requirements of Section 6(b) of the Act.\5\ Specifically, the Exchange believes the proposed rule change is consistent with the Section 6(b)(5) \6\ requirements that the rules of an exchange be 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 regulating, clearing, settling, processing information with respect to, [[Page 51319]] and 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. --------------------------------------------------------------------------- \5\ 15 U.S.C. 78f(b). \6\ 15 U.S.C. 78f(b)(5). --------------------------------------------------------------------------- In particular, the proposed change is a non-substantive change and does not impact the governance, ownership or operations of the Exchange. The Exchange believes that by ensuring that its parent company's governance documents and the Exchanges operative documents accurately reflect the new legal names, the proposed rule change would reduce potential investor or market participant confusion. 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 intended to address competitive issues but rather is concerned solely with updating the Company's and Exchange's governance and operative documents to reflect the abovementioned name change. C. Self-Regulatory Organization's Statement on Comments on the Proposed Rule Change Received From Members, Participants, or Others The Exchange neither solicited nor received comments on the proposed rule change. III. Date of Effectiveness of the Proposed Rule Change and Timing for Commission Action The foregoing rule change has become effective pursuant to Section 19(b)(3)(A) of the Act \7\ and paragraph (f) of Rule 19b-4 \8\ thereunder. 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 will institute proceedings to determine whether the proposed rule change should be approved or disapproved. --------------------------------------------------------------------------- \7\ 15 U.S.C. 78s(b)(3)(A). \8\ 17 CFR 240.19b-4(f). --------------------------------------------------------------------------- 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-C2-2017-028 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-C2-2017-028. 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 the filing also will be available for inspection and copying at the principal office of the Exchange. All comments received will be posted without change. 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-C2-2017-028 and should be submitted on or before November 24, 2017. --------------------------------------------------------------------------- \9\ 17 CFR 200.30-3(a)(12). For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.\9\ Eduardo A. Aleman, Assistant Secretary. [FR Doc. 2017-23925 Filed 11-2-17; 8:45 am] BILLING CODE 8011-01-P
![Federal Register / Vol. 82, No. 212 / Friday, November 3, 2017 / Notices 51317
No. 1 eliminated the concept of ‘‘Act’’),1 and Rule 19b–4 thereunder,2 A. Self-Regulatory Organization’s
‘‘refreshing’’ a Snapshot and instead notice is hereby given that on October Statement of the Purpose of, and
clarified the specific circumstances in 19, 2017, C2 Options Exchange, Statutory Basis for, the Proposed Rule
which a Floor Broker will be permitted Incorporated (the ‘‘Exchange’’ or ‘‘C2’’) Change
to take a new Snapshot and the filed with the Securities and Exchange
conditions that must be satisfied to do 1. Purpose
Commission (the ‘‘Commission’’) the
so (e.g., re-announcing the order to the proposed rule change as described in Background
trading crowd and provisionally re- Items I, II, and III below, which Items The purpose of this filing is to reflect
executing the order). The Exchange have been prepared by the Exchange. in the Exchange’s governing documents
states that the changes in Amendment (and the governing documents of its
The Commission is publishing this
No. 1 simplify the proposal and will parent company, CBOE Holdings) and
notice to solicit comments on the
make it easier for the Exchange to the Exchange’s rulebook and fees
administer and surveil the use of the proposed rule change from interested
persons. schedules, a non-substantive corporate
Snapshot functionality.45 In addition,
branding change, including changes to
the Commission notes that the changes I. Self-Regulatory Organization’s the Company’s name and the
may create additional opportunities for Statement of the Terms of Substance of Exchange’s name.3 Particularly,
orders to interact in the trading crowd the Proposed Rule Change references to Company’s and Exchange’s
in those occasional instances when a names will be deleted and revised to
provisional execution pursuant to Phlx The Exchange filed a proposed rule state the new names, as described more
Rule 1000(f)(iii)(E) does not result in a change with respect to amendments of fully below. No other substantive
validated execution in the Trading the Second Amended and Restated changes are being proposed in this
System. Accordingly, the Commission Certificate of Incorporation (the filing. The Exchange represents that
finds good cause, pursuant to Section ‘‘Company’s Certificate’’) and Third these changes are concerned solely with
19(b)(2) of the Act,46 to approve the Amended and Restated Bylaws (the the administration of the Exchange and
proposed rule change, as modified by ‘‘Company’s Bylaws’’) of its parent do not affect the meaning,
Amendment No. 1, on an accelerated corporation, CBOE Holdings, Inc. administration, or enforcement of any
basis. (‘‘CBOE Holdings’’ or the ‘‘Company’’) rules of the Exchange or the rights,
VI. Conclusion to change the name of the Company to obligations, or privileges of Exchange
It is therefore ordered, pursuant to Cboe Global Markets, Inc. The Exchange members or their associated persons is
Section 19(b)(2) of the Act,47 that the also proposes to amend its Fourth [sic] any way. Accordingly, this filing is
proposed rule change (SR–Phlx–2017– Amended and Restated Certificate of being submitted under Rule 19b–4(f)(3).
34), as modified by Amendment No. 1, Incorporation (the ‘‘Exchange In lieu of providing a copy of the
be, and it hereby is, approved on an Certificate’’), Eighth Amended and marked name changes, the Exchange
accelerated basis. Restated Bylaws of C2 Options represents that it will make the
Exchange, Incorporated (the ‘‘Exchange necessary non-substantive revisions
For the Commission, by the Division of described below to the Exchange’s
Trading and Markets, pursuant to delegated Bylaws’’), rulebook and fees schedules
authority.48 (collectively ‘‘operative documents’’) in corporate governance documents,
connection with the name change of its rulebook, and fees schedules, and post
Eduardo A. Aleman,
parent Company and the Exchange. updated versions of each on the
Assistant Secretary.
Exchange’s Web site pursuant to Rule
[FR Doc. 2017–23926 Filed 11–2–17; 8:45 am] The text of the proposed rule change 19b–4(m)(2).
BILLING CODE 8011–01–P is also available on the Exchange’s Web
site (http://www.c2exchange.com/Legal/ The Company’s Name Change
), at the Exchange’s Office of the In connection with the corporate
SECURITIES AND EXCHANGE Secretary, and at the Commission’s name change of its parent company, the
COMMISSION Public Reference Room. Exchange is proposing to amend the
[Release No. 34–81979; File No. SR–C2– Company’s Certificate and Bylaws.
2017–028] II. Self-Regulatory Organization’s Specifically, the Company is changing
Statement of the Purpose of, and its name from ‘‘CBOE Holdings, Inc.’’ to
Self-Regulatory Organizations; C2 Statutory Basis for, the Proposed Rule ‘‘Cboe Global Markets, Inc.’’
Options Exchange, Incorporated; Change
Notice of Filing and Immediate (a) Company’s Certificate
Effectiveness of a Proposed Rule In its filing with the Commission, the
The Exchange proposes to (i) delete
Change Relating To Reflect in the Exchange included statements the following language from Paragraph
Exchange’s Governing Documents, concerning the purpose of and basis for (1) of the introductory paragraph: ‘‘The
Rulebook and Fees Schedules, a Non- the proposed rule change and discussed name of the Corporation is CBOE
Substantive Corporate Branding any comments it received on the Holdings, Inc.’’ and (ii) amend Article
Change, Including Changes to the proposed rule change. The text of these First of the Company’s Certificate to
Company’s Name, the Intermediate’s statements may be examined at the reflect the new name, ‘‘Cboe Global
Name, and the Exchange’s Name places specified in Item IV below. The Markets, Inc.’’. The Exchange also
Exchange has prepared summaries, set proposes to add clarifying language and
October 30, 2017.
ethrower on DSK3G9T082PROD with NOTICES
forth in sections A, B, and C below, of cite to the applicable provisions of the
Pursuant to Section 19(b)(1) of the
the most significant aspects of such General Corporation Law of the State of
Securities Exchange Act of 1934 (the
statements.
3 The Exchange initially filed the proposed rule
45 See id. at 5–6. changes on October 16, 2017 (SR–C2–2017–027).
46 15 U.S.C. 78s(b)(2) On October 19, 2017 the Exchange withdrew SR–
47 15 U.S.C. 78s(b)(2). 1 15 U.S.C. 78s(b)(1). C2–2017–027 and then subsequently submitted this
48 17 CFR 200.30–3(a)(12). 2 17 CFR 240.19b–4. filing (SR–C2–2017–028).
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![Federal Register / Vol. 82, No. 212 / Friday, November 3, 2017 / Notices 51319
and facilitating transactions in change is consistent with the Act. SECURITIES AND EXCHANGE
securities, to remove impediments to Comments may be submitted by any of COMMISSION
and perfect the mechanism of a free and the following methods:
open market and a national market [Release No. 34–81982; File No. SR–IEX–
Electronic Comments
system, and, in general, to protect 2017–36]
investors and the public interest. • Use the Commission’s Internet
In particular, the proposed change is comment form (http://www.sec.gov/ Self-Regulatory Organizations;
a non-substantive change and does not rules/sro.shtml); or Investors Exchange LLC; Notice of
impact the governance, ownership or • Send an email to rule-comments@ Filing and Immediate Effectiveness of
operations of the Exchange. The sec.gov. Please include File Number SR– Proposed Rule Change To Clarify the
Exchange believes that by ensuring that C2–2017–028 on the subject line. Eligibility of Market Orders and Limit
its parent company’s governance
Paper Comments Orders With a Time-In-Force of DAY for
documents and the Exchanges operative
a Volatility Auction Occurring Outside
documents accurately reflect the new • Send paper comments in triplicate
legal names, the proposed rule change of Regular Market Hours
to Brent J. Fields, Secretary, Securities
would reduce potential investor or and Exchange Commission, 100 F Street October 30, 2017.
market participant confusion. NE., Washington, DC 20549–1090. Pursuant to Section 19(b)(1) 1 of the
B. Self-Regulatory Organization’s All submissions should refer to File Securities Exchange Act of 1934 (the
Statement on Burden on Competition Number SR–C2–2017–028. This file ‘‘Act’’) 2 and Rule 19b–4 thereunder,3
The Exchange does not believe that number should be included on the notice is hereby given that on October
the proposed rule change will impose subject line if email is used. To help the 19, 2017, the Investors Exchange LLC
any burden on competition that is not Commission process and review your (‘‘IEX’’ or the ‘‘Exchange’’) filed with the
necessary or appropriate in furtherance comments more efficiently, please use Securities and Exchange Commission
of the purposes of the Act. The only one method. The Commission will (the ‘‘Commission’’) the proposed rule
proposed rule change is not intended to post all comments on the Commission’s change as described in Items I and II
address competitive issues but rather is Internet Web site (http://www.sec.gov/ below, which Items have been prepared
concerned solely with updating the rules/sro.shtml). Copies of the by the self-regulatory organization. The
Company’s and Exchange’s governance submission, all subsequent
Commission is publishing this notice to
and operative documents to reflect the amendments, all written statements
solicit comments on the proposed rule
abovementioned name change. with respect to the proposed rule
change from interested persons.
change that are filed with the
C. Self-Regulatory Organization’s Commission, and all written I. Self-Regulatory Organization’s
Statement on Comments on the communications relating to the Statement of the Terms of Substance of
Proposed Rule Change Received From proposed rule change between the the Proposed Rule Change
Members, Participants, or Others Commission and any person, other than
The Exchange neither solicited nor those that may be withheld from the (a)[sic] Pursuant to the provisions of
received comments on the proposed public in accordance with the Section 19(b)(1) under the Securities
rule change. provisions of 5 U.S.C. 552, will be Exchange Act of 1934 (‘‘Act’’),4 and
available for Web site viewing and Rule 19b–4 thereunder,5 Investors
III. Date of Effectiveness of the printing in the Commission’s Public Exchange LLC (‘‘IEX’’ or ‘‘Exchange’’) is
Proposed Rule Change and Timing for Reference Room, 100 F Street NE.,
Commission Action filing with the Commission a proposed
Washington, DC 20549, on official rule change to clarify the eligibility of
The foregoing rule change has become business days between the hours of market orders and limit orders with a
effective pursuant to Section 19(b)(3)(A) 10:00 a.m. and 3:00 p.m. Copies of the time-in-force of DAY 6 for a Volatility
of the Act 7 and paragraph (f) of Rule filing also will be available for Auction 7 occurring outside of Regular
19b–4 8 thereunder. At any time within inspection and copying at the principal Market Hours.8 The Exchange has
60 days of the filing of the proposed rule office of the Exchange. All comments designated this rule change as ‘‘non-
change, the Commission summarily may received will be posted without change. controversial’’ under Section 19(b)(3)(A)
temporarily suspend such rule change if Persons submitting comments are of the Act 9 and provided the
it appears to the Commission that such cautioned that we do not redact or edit
action is necessary or appropriate in the Commission with the notice required by
personal identifying information from
public interest, for the protection of Rule 19b–4(f)(6) thereunder.10
comment submissions. You should
investors, or otherwise in furtherance of submit only information that you wish The text of the proposed rule change
the purposes of the Act. If the to make available publicly. All is available at the Exchange’s Web site
Commission takes such action, the submissions should refer to File at www.iextrading.com, at the principal
Commission will institute proceedings Number SR–C2–2017–028 and should office of the Exchange, and at the
to determine whether the proposed rule be submitted on or before November 24, Commission’s Public Reference Room.
change should be approved or 2017.
disapproved. For the Commission, by the Division of 1 15 U.S.C. 78s(b)(1).
2 15 U.S.C. 78a.
IV. Solicitation of Comments Trading and Markets, pursuant to delegated
ethrower on DSK3G9T082PROD with NOTICES
3 17 CFR 240.19b–4.
authority.9
Interested persons are invited to 4 15 U.S.C. 78s(b)(1).
Eduardo A. Aleman,
submit written data, views, and 5 17 CRF 240.19b–4.
Assistant Secretary.
arguments concerning the foregoing, 6 See Rule 11.190(c)(3).
including whether the proposed rule [FR Doc. 2017–23925 Filed 11–2–17; 8:45 am] 7 See Rule 11.350(f).
BILLING CODE 8011–01–P 8 See Rule 1.160(gg).
7 15 U.S.C. 78s(b)(3)(A). 9 15 U.S.C. 78s(b)(3)(A).
8 17 CFR 240.19b–4(f). 9 17 CFR 200.30–3(a)(12). 10 17 CFR 240.19b–4.
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Document Created: 2018-10-25 10:21:41
Document Modified: 2018-10-25 10:21:41
| 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 51317 |
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