82 FR 51327 - Self-Regulatory Organizations; Nasdaq BX, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Remove References to Nasdaq Options Services

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 82, Issue 212 (November 3, 2017)

Page Range		51327-51328
FR Document		2017-23924

Federal Register, Volume 82 Issue 212 (Friday, November 3, 2017)

[Federal Register Volume 82, Number 212 (Friday, November 3, 2017)]
[Notices]
[Pages 51327-51328]
From the Federal Register Online [www.thefederalregister.org]
[FR Doc No: 2017-23924]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-81978; File No. SR-BX-2017-049]

Self-Regulatory Organizations; Nasdaq BX, Inc.; Notice of Filing
and Immediate Effectiveness of Proposed Rule Change To Remove
References to Nasdaq Options Services

October 30, 2017.
Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934
(``Act''),\1\ and Rule 19b-4 thereunder,\2\ notice is hereby given that
on October 26, 2017, Nasdaq BX, Inc. (``BX'' or ``Exchange'') filed
with the Securities and Exchange Commission (``SEC'' or ``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.
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\1\ 15 U.S.C. 78s(b)(1).
\2\ 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

The Exchange proposes to remove references to Nasdaq Options
Services.
The text of the proposed rule change is available on the Exchange's
Web site at http://nasdaqbx.cchwallstreet.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
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 purpose of this filing is to remove references to ``Nasdaq
Options Services'' and replace those references with ``Nasdaq Execution
Services'' where the entity is not otherwise noted. The Exchange
previously filed a proposed rule change which replaced Nasdaq Options
Services with Nasdaq Execution Services.\3\ Some references to Nasdaq
Options Services were not removed from the Exchange's Rulebook. At this
time, the Exchange proposes to remove those references in the Rulebook
and replace with references to ``Nasdaq Execution Services,'' where
applicable.
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\3\ See Securities Exchange Act Release No. 714 (January 28,
2014), 79 FR 6256 (February 3, 2014) (SR-BX-2014-004).
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No other 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 in any way. Accordingly, this filing is being
submitted under Rule 19b-4(f)(3).
2. Statutory Basis
The Exchange believes that its proposal is consistent with Section
6(b) of the Act,\4\ in general, and furthers the objectives of Section
6(b)(5) of the Act,\5\ 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 by
avoiding confusion with the routing entity. The Exchange proposes to
remove references to ``Nasdaq Options Services'' and replace those
references with ``Nasdaq Execution Services'' where the entity is not
otherwise noted. The Exchange previously filed a proposed rule change
which replaced Nasdaq Options Services with Nasdaq Execution
Services.\6\ This proposed change is non-substantive.
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\4\ 15 U.S.C. 78f(b).
\5\ 15 U.S.C. 78f(b)(5).
\6\ See Securities Exchange Act Release No. 714 (January 28,
2014), 79 FR 6256 (February 3, 2014) (SR-BX-2014-004).
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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

[[Page 51328]]

any burden on competition not necessary or appropriate in furtherance
of the purposes of the Act. The removal of references to ``Nasdaq
Options Services'' and replacement with ``Nasdaq Execution Services,''
where applicable, will avoid confusion.

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

Pursuant to Section 19(b)(3)(A) of the Act \7\ and Rule 19b-4(f)(3)
thereunder,\8\ the Exchange has designated this proposal as one that is
concerned solely with the administration of the self-regulatory
organization, and therefore has become effective.
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\7\ 15 U.S.C. 78s(b)(3)(A).
\8\ 17 CFR 240.19b-4(f)(3).
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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 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 rule-comments@sec.gov. Please include
File Number SR-BX-2017-049 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-BX-2017-049. 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-BX-2017-049 and should be
submitted on or before November 24, 2017.

For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\9\
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\9\ 17 CFR 200.30-3(a)(12).
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Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017-23924 Filed 11-2-17; 8:45 am]
BILLING CODE 8011-01-P

Federal Register / Vol. 82, No. 212 / Friday, November 3, 2017 / Notices 51327

13. Any transaction fee 10 (including For the Commission, by the Division of A. Self-Regulatory Organization’s
break-up or commitment fees but Investment Management, under delegated Statement of the Purpose of, and
excluding broker’s fees contemplated authority. Statutory Basis for, the Proposed Rule
section 17(e) or 57(k) of the Act, as Eduardo A. Aleman, Change
applicable) received in connection with Assistant Secretary.
1. Purpose
a Co-Investment Transaction will be [FR Doc. 2017–23920 Filed 11–2–17; 8:45 am]
distributed to the participating BILLING CODE 8011–01–P The purpose of this filing is to remove
Regulated Funds and Affiliated Funds references to ‘‘Nasdaq Options Services’’
on a pro rata basis based on the amounts and replace those references with
they invested or committed, as the case SECURITIES AND EXCHANGE ‘‘Nasdaq Execution Services’’ where the
may be, in such Co-Investment COMMISSION entity is not otherwise noted. The
Transaction. If any transaction fee is to Exchange previously filed a proposed
be held by an Adviser pending [Release No. 34–81978; File No. SR–BX– rule change which replaced Nasdaq
consummation of the Co-Investment 2017–049] Options Services with Nasdaq
Transaction, the fee will be deposited Execution Services.3 Some references to
into an account maintained by such Self-Regulatory Organizations; Nasdaq Nasdaq Options Services were not
Adviser at a bank or banks having the BX, Inc.; Notice of Filing and removed from the Exchange’s Rulebook.
qualifications prescribed in section Immediate Effectiveness of Proposed At this time, the Exchange proposes to
26(a)(1) of the Act, and the account will Rule Change To Remove References to remove those references in the Rulebook
earn a competitive rate of interest that Nasdaq Options Services and replace with references to ‘‘Nasdaq
will also be divided pro rata among the Execution Services,’’ where applicable.
October 30, 2017. No other changes are being proposed
participating Regulated Funds and
Affiliated Funds based on the amounts Pursuant to Section 19(b)(1) of the in this filing. The Exchange represents
they invest in such Co-Investment Securities Exchange Act of 1934 that these changes are concerned solely
Transaction. None of the Affiliated (‘‘Act’’),1 and Rule 19b–4 thereunder,2 with the administration of the Exchange
Funds, the Advisers, the other notice is hereby given that on October and do not affect the meaning,
Regulated Funds, or any affiliated 26, 2017, Nasdaq BX, Inc. (‘‘BX’’ or administration, or enforcement of any
person of the Regulated Funds or ‘‘Exchange’’) filed with the Securities rules of the Exchange or the rights,
Affiliated Funds will receive additional and Exchange Commission (‘‘SEC’’ or obligations, or privileges of Exchange
compensation or remuneration of any ‘‘Commission’’) the proposed rule members or their associated persons in
kind as a result of or in connection with change as described in Items I, II, and any way. Accordingly, this filing is
a Co-Investment Transaction (other than III, below, which Items have been being submitted under Rule 19b–4(f)(3).
(a) in the case of the Regulated Funds prepared by the Exchange. The 2. Statutory Basis
and the Affiliated Funds, the pro rata Commission is publishing this notice to
solicit comments on the proposed rule The Exchange believes that its
transaction fees described above and
change from interested persons. proposal is consistent with Section 6(b)
fees or other compensation described in
of the Act,4 in general, and furthers the
condition 2(c)(iii)(C); and (b) in the case I. Self-Regulatory Organization’s objectives of Section 6(b)(5) of the Act,5
of an Adviser, investment advisory fees Statement of the Terms of Substance of in particular, in that it is designed to
paid in accordance with the investment the Proposed Rule Change promote just and equitable principles of
advisory agreements between such
The Exchange proposes to remove trade, to remove impediments to and
Adviser and the Regulated Fund or
references to Nasdaq Options Services. perfect the mechanism of a free and
Affiliated Fund).
open market and a national market
14. If the Holders own in the aggregate The text of the proposed rule change system, and, in general to protect
more than 25% of the Shares of a is available on the Exchange’s Web site investors and the public interest by
Regulated Fund, then the Holders will at http://nasdaqbx.cchwallstreet.com/, avoiding confusion with the routing
vote such Shares as directed by an at the principal office of the Exchange, entity. The Exchange proposes to
independent third party when voting on and at the Commission’s Public remove references to ‘‘Nasdaq Options
(1) the election of directors; (2) the Reference Room. Services’’ and replace those references
removal of one or more directors; or (3) II. Self-Regulatory Organization’s with ‘‘Nasdaq Execution Services’’
any other matter under either the Act or Statement of the Purpose of, and where the entity is not otherwise noted.
applicable State laws affecting the Statutory Basis for, the Proposed Rule The Exchange previously filed a
Board’s composition, size or manner of Change proposed rule change which replaced
election. Nasdaq Options Services with Nasdaq
In its filing with the Commission, the Execution Services.6 This proposed
15. Each Regulated Fund’s chief
Exchange included statements change is non-substantive.
compliance officer, as defined in rule
concerning the purpose of and basis for
38a–1(a)(4), will prepare an annual B. Self-Regulatory Organization’s
the proposed rule change and discussed
report for the Board of such Regulated Statement on Burden on Competition
any comments it received on the
Fund that evaluates (and documents the
proposed rule change. The text of these The Exchange does not believe that
basis of that evaluation) the Regulated
statements may be examined at the the proposed rule change will impose
Fund’s compliance with the terms and
places specified in Item IV below. The
ethrower on DSK3G9T082PROD with NOTICES

conditions of the application and
Exchange has prepared summaries, set 3 See Securities Exchange Act Release No. 714
procedures established to achieve such
forth in sections A, B, and C below, of (January 28, 2014), 79 FR 6256 (February 3, 2014)
compliance. (SR–BX–2014–004).
the most significant aspects of such 4 15 U.S.C. 78f(b).

10 The Applicants are not requesting, and the staff
statements. 5 15 U.S.C. 78f(b)(5).

is not providing, any relief for transaction fees 6 See Securities Exchange Act Release No. 714
1 15 U.S.C. 78s(b)(1).
received in connection with any Co-Investment (January 28, 2014), 79 FR 6256 (February 3, 2014)
Transaction. 2 17 CFR 240.19b–4. (SR–BX–2014–004).

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51328 Federal Register / Vol. 82, No. 212 / Friday, November 3, 2017 / Notices

any burden on competition not comments more efficiently, please use Physical Loan Application Deadline
necessary or appropriate in furtherance only one method. The Commission will Date: 12/18/2017.
of the purposes of the Act. The removal post all comments on the Commission’s Economic Injury (EIDL) Loan
of references to ‘‘Nasdaq Options Internet Web site (http://www.sec.gov/ Application Deadline Date: 06/07/2018.
Services’’ and replacement with rules/sro.shtml). Copies of the ADDRESSES: Submit completed loan
‘‘Nasdaq Execution Services,’’ where submission, all subsequent applications to: U.S. Small Business
applicable, will avoid confusion. amendments, all written statements Administration, Processing and
with respect to the proposed rule Disbursement Center, 14925 Kingsport
C. Self-Regulatory Organization’s
change that are filed with the Road, Fort Worth, TX 76155.
Statement on Comments on the
Commission, and all written FOR FURTHER INFORMATION CONTACT: A.
Proposed Rule Change Received From
communications relating to the Escobar, Office of Disaster Assistance,
Members, Participants, or Others
proposed rule change between the U.S. Small Business Administration,
No written comments were either Commission and any person, other than 409 3rd Street SW., Suite 6050,
solicited or received. those that may be withheld from the Washington, DC 20416, (202) 205–6734.
III. Date of Effectiveness of the public in accordance with the SUPPLEMENTARY INFORMATION: The notice
Proposed Rule Change and Timing for provisions of 5 U.S.C. 552, will be of the President’s major disaster
Commission Action available for Web site viewing and declaration for the U.S. Virgin Islands,
printing in the Commission’s Public dated 09/07/2017, is hereby amended to
Pursuant to Section 19(b)(3)(A) of the Reference Room, 100 F Street NE.,
Act 7 and Rule 19b–4(f)(3) thereunder,8 extend the deadline for filing
Washington, DC 20549, on official applications for physical damages as a
the Exchange has designated this business days between the hours of
proposal as one that is concerned solely result of this disaster to 12/18/2017.
10:00 a.m. and 3:00 p.m. Copies of the All other information in the original
with the administration of the self- filing also will be available for
regulatory organization, and therefore declaration remains unchanged.
inspection and copying at the principal
has become effective. office of the Exchange. All comments (Catalog of Federal Domestic Assistance
At any time within 60 days of the received will be posted without change. Number 59008)
filing of the proposed rule change, the Persons submitting comments are James E. Rivera,
Commission summarily may cautioned that we do not redact or edit Associate Administrator for Disaster
temporarily suspend such rule change if personal identifying information from Assistance.
it appears to the Commission that such comment submissions. You should [FR Doc. 2017–23930 Filed 11–2–17; 8:45 am]
action is necessary or appropriate in the submit only information that you wish BILLING CODE 8025–01–P
public interest, for the protection of to make available publicly. All
investors, or otherwise in furtherance of submissions should refer to File
the purposes of the Act. If the Number SR–BX–2017–049 and should SMALL BUSINESS ADMINISTRATION
Commission takes such action, the be submitted on or before November 24,
Commission shall institute proceedings 2017. [Disaster Declaration #15320 and #15321;
to determine whether the proposed rule U.S. VIRGIN ISLANDS Disaster Number VI–
should be approved or disapproved. For the Commission, by the Division of 00011]
Trading and Markets, pursuant to delegated
IV. Solicitation of Comments authority.9 Presidential Declaration Amendment of
Interested persons are invited to Eduardo A. Aleman, a Major Disaster for the U.S. Virgin
submit written data, views, and Assistant Secretary. Islands
arguments concerning the foregoing, [FR Doc. 2017–23924 Filed 11–2–17; 8:45 am] AGENCY: U.S. Small Business
including whether the proposed rule BILLING CODE 8011–01–P Administration.
change is consistent with the Act. ACTION: Amendment 2.
Comments may be submitted by any of
the following methods: SMALL BUSINESS ADMINISTRATION SUMMARY: This is an amendment of the
Electronic Comments [Disaster Declaration #15293 and #15294;
Presidential declaration of a major
U.S. VIRGIN ISLANDS Disaster Number VI– disaster for the U.S. Virgin Islands
• Use the Commission’s Internet (FEMA–4340–DR), dated 09/20/2017.
00009]
comment form (http://www.sec.gov/ Incident: Hurricane Maria.
rules/sro.shtml); or Presidential Declaration Amendment of Incident Period: 09/16/2017 and
• Send an email to rule-comments@ a Major Disaster for the U.S. Virgin continuing.
sec.gov. Please include File Number SR– Islands
BX–2017–049 on the subject line. DATES: Issued on 09/20/2017.
AGENCY: U.S. Small Business Physical Loan Application Deadline
Paper Comments Administration. Date: 12/18/2017.
• Send paper comments in triplicate Economic Injury (EIDL) Loan
ACTION: Amendment 3.
to Brent J. Fields, Secretary, Securities Application Deadline Date: 06/20/2018.
and Exchange Commission, 100 F Street SUMMARY: This is an amendment of the ADDRESSES: Submit completed loan
NE., Washington, DC 20549–1090. Presidential declaration of a major applications to: U.S. Small Business
All submissions should refer to File disaster for the U.S. Virgin Islands Administration, Processing and
ethrower on DSK3G9T082PROD with NOTICES

Number SR–BX–2017–049. This file (FEMA–4335–DR), dated 09/07/2017. Disbursement Center, 14925 Kingsport
number should be included on the Incident: Hurricane Irma. Road, Fort Worth, TX 76155.
subject line if email is used. To help the Incident Period: 09/05/2017 through FOR FURTHER INFORMATION CONTACT: A.
Commission process and review your 09/07/2017. Escobar, Office of Disaster Assistance,
DATES: Issued on 09/07/2017. U.S. Small Business Administration,
7 15 U.S.C. 78s(b)(3)(A). 409 3rd Street SW., Suite 6050,
8 17 CFR 240.19b–4(f)(3). 9 17 CFR 200.30–3(a)(12). Washington, DC 20416, (202) 205–6734.

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Document Created: 2018-10-25 10:23:59
Document Modified: 2018-10-25 10:23:59

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 51327