82 FR 52958 - Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change, as Modified by Amendment No. 1, To List and Trade Shares of the GraniteShares Silver Trust Under NYSE Arca Rule 8.201-E
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 82, Issue 219 (November 15, 2017)
Federal Register Volume 82, Issue 219 (November 15, 2017)
| Page Range | 52958-52959 | |
| FR Document | 2017-24659 |
[Federal Register Volume 82, Number 219 (Wednesday, November 15, 2017)] [Notices] [Pages 52958-52959] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2017-24659] ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION [Release No. 34-82040; File No. SR-NYSEArca-2017-111] Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change, as Modified by Amendment No. 1, To List and Trade Shares of the GraniteShares Silver Trust Under NYSE Arca Rule 8.201-E November 8, 2017. On September 12, 2017, NYSE Arca, Inc. (``Exchange'') filed with the Securities and Exchange Commission (``Commission''), pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (``Act'') \1\ and Rule 19b-4 thereunder,\2\ a proposed rule change to list and trade shares of the GraniteShares Silver Trust under NYSE Arca Rule 8.201-E. The proposed rule change was published for comment in the Federal Register on September 29, 2017.\3\ On October 24, 2017, the Exchange filed Amendment No. 1 to the proposed rule change.\4\ The Commission [[Page 52959]] has received no comments on the proposal. --------------------------------------------------------------------------- \1\ 15 U.S.C. 78s(b)(1). \2\ 17 CFR 240.19b-4. \3\ See Securities Exchange Act Release No. 81699 (Sept. 25, 2017), 82 FR 45634. \4\ Amendment No. 1, which amended and replaced the proposed rule change in its entirety, is available on the Commission's Web site at: https://www.sec.gov/comments/sr-nysearca-2017-111/nysearca2017111-2653768-161362.pdf. --------------------------------------------------------------------------- Section 19(b)(2) of the Act \5\ provides that, within 45 days of the publication of notice of the filing of a proposed rule change, or within such longer period up to 90 days as the Commission may designate if it finds such longer period to be appropriate and publishes its reasons for so finding, or as to which the self-regulatory organization consents, the Commission shall either approve the proposed rule change, disapprove the proposed rule change, or institute proceedings to determine whether the proposed rule change should be disapproved. The 45th day after publication of the notice for this proposed rule change is November 13, 2017. The Commission is extending this 45-day time period. --------------------------------------------------------------------------- \5\ 15 U.S.C. 78s(b)(2). --------------------------------------------------------------------------- The Commission finds that it is appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change, as modified by Amendment No. 1. Accordingly, the Commission, pursuant to Section 19(b)(2) of the Act,\6\ designates December 28, 2017, as the date by which the Commission shall either approve or disapprove, or institute proceedings to determine whether to disapprove, the proposed rule change (File No. SR-NYSEArca-2017-111), as modified by Amendment No. 1. --------------------------------------------------------------------------- \6\ Id. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.\7\ --------------------------------------------------------------------------- \7\ 17 CFR 200.30-3(a)(31). --------------------------------------------------------------------------- Eduardo A. Aleman, Assistant Secretary. [FR Doc. 2017-24659 Filed 11-14-17; 8:45 am] BILLING CODE 8011-01-P
![52958 Federal Register / Vol. 82, No. 219 / Wednesday, November 15, 2017 / Notices
of investors; or (iii) otherwise in be submitted on or before December 6, publication of the notice for this
furtherance of the purposes of the Act. 2017. proposed rule change is November 17,
If the Commission takes such action, the For the Commission, by the Division of 2017. The Commission is extending this
Commission shall institute proceedings Trading and Markets, pursuant to delegated 45-day time period.
to determine whether the proposed rule authority.11 The Commission finds it appropriate
should be approved or disapproved. Eduardo A. Aleman, to designate a longer period within
Assistant Secretary. which to take action on the proposed
IV. Solicitation of Comments
[FR Doc. 2017–24657 Filed 11–14–17; 8:45 am] rule change so that it has sufficient time
Interested persons are invited to BILLING CODE 8011–01–P
to consider this proposed rule change,
submit written data, views, and as modified by the recently filed
arguments concerning the foregoing, amendment. Accordingly, the
including whether the proposed rule SECURITIES AND EXCHANGE Commission, pursuant to Section
change is consistent with the Act. COMMISSION 19(b)(2) of the Act,6 designates January
Comments may be submitted by any of 1, 2018, as the date by which the
the following methods: [Release No. 34–82031; File No. SR– Commission shall either approve or
NYSEArca–2017–112]
Electronic Comments disapprove, or institute proceedings to
Self-Regulatory Organizations; NYSE determine whether to disapprove, the
• Use the Commission’s Internet Arca, Inc.; Notice of Designation of a proposed rule change (File No. SR–
comment form (http://www.sec.gov/ Longer Period for Commission Action NYSEArca-2017–112), as modified by
rules/sro.shtml); or on Proposed Rule, as Modified by Amendment No. 1.
• Send an email to rule-comments@ Amendment No. 1 Thereto, to List and For the Commission, by the Division of
sec.gov. Please include File Number SR– Trade Shares of the GraniteShares Trading and Markets, pursuant to delegated
BX–2017–048 on the subject line. Palladium Trust under NYSE Arca Rule authority.7
Paper Comments 8.201–E Eduardo A. Aleman,
Assistant Secretary.
• Send paper comments in triplicate November 8, 2017.
[FR Doc. 2017–24654 Filed 11–14–17; 8:45 am]
to Secretary, Securities and Exchange On September 12, 2017, NYSE Arca,
Commission, 100 F Street NE., BILLING CODE 8011–01–P
Inc. (‘‘Exchange’’) filed with the
Washington, DC 20549–1090. Securities and Exchange Commission
All submissions should refer to File (‘‘Commission’’), pursuant to Section
SECURITIES AND EXCHANGE
Number SR–BX–2017–048. This file 19(b)(1) of the Securities Exchange Act
COMMISSION
number should be included on the of 1934 (‘‘Act’’) 1 and Rule 19b–4
subject line if email is used. To help the thereunder,2 a proposed rule change to [Release No. 34–82040; File No. SR–
Commission process and review your list and trade shares of the NYSEArca–2017–111]
comments more efficiently, please use GraniteShares Palladium Trust under
only one method. The Commission will NYSE Arca Rule 8.201–E. The proposed Self-Regulatory Organizations; NYSE
post all comments on the Commission’s rule change was published for comment Arca, Inc.; Notice of Designation of a
Internet Web site (http://www.sec.gov/ in the Federal Register on October 3, Longer Period for Commission Action
rules/sro.shtml). Copies of the 2017.3 On October 24, 2017, the on a Proposed Rule Change, as
submission, all subsequent Exchange filed Amendment No. 1 to the Modified by Amendment No. 1, To List
amendments, all written statements proposed rule change.4 The Commission and Trade Shares of the GraniteShares
with respect to the proposed rule has not received any comments on the Silver Trust Under NYSE Arca Rule
change that are filed with the proposed rule change. 8.201–E
Commission, and all written Section 19(b)(2) of the Act 5 provides
November 8, 2017.
communications relating to the that within 45 days of the publication of
notice of the filing of a proposed rule On September 12, 2017, NYSE Arca,
proposed rule change between the Inc. (‘‘Exchange’’) filed with the
Commission and any person, other than change, or within such longer period up
to 90 days as the Commission may Securities and Exchange Commission
those that may be withheld from the (‘‘Commission’’), pursuant to Section
public in accordance with the designate if it finds such longer period
to be appropriate and publishes its 19(b)(1) of the Securities Exchange Act
provisions of 5 U.S.C. 552, will be of 1934 (‘‘Act’’) 1 and Rule 19b–4
available for Web site viewing and reasons for so finding, or as to which the
self-regulatory organization consents, thereunder,2 a proposed rule change to
printing in the Commission’s Public list and trade shares of the
Reference Room, 100 F Street NE., the Commission shall either approve the
proposed rule change, disapprove the GraniteShares Silver Trust under NYSE
Washington, DC 20549, on official Arca Rule 8.201–E. The proposed rule
business days between the hours of proposed rule change, or institute
proceedings to determine whether the change was published for comment in
10:00 a.m. and 3:00 p.m. Copies of the the Federal Register on September 29,
filing also will be available for proposed rule change should be
disapproved. The 45th day after 2017.3 On October 24, 2017, the
inspection and copying at the principal Exchange filed Amendment No. 1 to the
office of the Exchange. All comments proposed rule change.4 The Commission
11 17 CFR 200.30–3(a)(12).
received will be posted without change. 1 15 U.S.C. 78s(b)(1).
Persons submitting comments are
sradovich on DSK3GMQ082PROD with NOTICES
2 17 CFR 240.19b–4. 6 Id.
cautioned that we do not redact or edit 3 See Securities Exchange Act Release No. 81737 7 17 CFR 200.30–3(a)(31).
personal identifying information from (September 27, 2017), 82 FR 46106. 1 15 U.S.C. 78s(b)(1).
comment submissions. You should 4 Amendment No. 1, which replaced and 2 17 CFR 240.19b–4.
submit only information that you wish superseded the proposed rule change as originally 3 See Securities Exchange Act Release No. 81699
to make available publicly. All filed, is available at: https://www.sec.gov/ (Sept. 25, 2017), 82 FR 45634.
comments/sr-nysearca-2017-112/nysearca2017112- 4 Amendment No. 1, which amended and
submissions should refer to File 2653769-161363.pdf. replaced the proposed rule change in its entirety,
Number SR–BX–2017–048 and should 5 15 U.S.C. 78s(b)(2). is available on the Commission’s Web site at:
VerDate Sep<11>2014 19:58 Nov 14, 2017 Jkt 244001 PO 00000 Frm 00086 Fmt 4703 Sfmt 4703 E:\FR\FM\15NON1.SGM 15NON1](https://thefederalregister.org/doc/82_FR_53177/page/1.svg)
![Federal Register / Vol. 82, No. 219 / Wednesday, November 15, 2017 / Notices 52959
has received no comments on the (‘‘Act’’),1 and Rule 19b–4 thereunder,2 potential for needless confusion. Rule
proposal. notice is hereby given that on November 1000A(b)(8) currently provides that the
Section 19(b)(2) of the Act 5 provides 1, 2017, Nasdaq PHLX LLC (‘‘Phlx’’ or closing index value in respect of a
that, within 45 days of the publication ‘‘Exchange’’) filed with the Securities particular index means (a) with respect
of notice of the filing of a proposed rule and Exchange Commission (‘‘SEC’’ or to P.M.-settled options, the current
change, or within such longer period up ‘‘Commission’’) the proposed rule index value calculated at the close of
to 90 days as the Commission may change as described in Items I, II, and business on the day of exercise, or, if the
designate if it finds such longer period III below, which Items have been day of exercise is not a trading day, on
to be appropriate and publishes its prepared by the Exchange. The the last trading day before exercise, or
reasons for so finding, or as to which the Commission is publishing this notice to (b) with respect to A.M.-settled options,
self-regulatory organization consents, solicit comments on the proposed rule the opening price of each component
the Commission shall either approve the change from interested persons. issue on the primary market on the day
proposed rule change, disapprove the of exercise, or, if the day of exercise is
I. Self-Regulatory Organization’s
proposed rule change, or institute not a trading day, on the last trading day
Statement of the Terms of the Substance
proceedings to determine whether the before exercise. This definition is
of the Proposed Rule Change
proposed rule change should be proposed to be deleted. The Exchange
disapproved. The 45th day after The Exchange proposes to amend its now proposes to define the term
publication of the notice for this index options rules to be more clear and ‘‘closing index value’’ to mean simply
proposed rule change is November 13, conformed more closely to those of the the last index value reported on a
2017. The Commission is extending this Options Clearing Corporation (‘‘OCC’’) business day. The new definition tracks
45-day time period. and other exchanges. the definition of ‘‘closing index value’’
The Commission finds that it is The text of the proposed rule change on CBOE, ISE and NOM.3
appropriate to designate a longer period is available on the Exchange’s Web site The substantive provisions of the
within which to take action on the at http://nasdaqphlx.cchwallstreet.com/ index rules that currently refer to
proposed rule change so that it has , at the principal office of the Exchange, ‘‘closing index value’’ are proposed to
sufficient time to consider the proposed and at the Commission’s Public be amended as well as discussed below,
rule change, as modified by Amendment Reference Room. in light of this amendment to the
No. 1. Accordingly, the Commission, II. Self-Regulatory Organization’s definition of that term. The use of more
pursuant to Section 19(b)(2) of the Act,6 Statement of the Purpose of, and consistent terminology across
designates December 28, 2017, as the Statutory Basis for, the Proposed Rule exchanges, both in the definition itself
date by which the Commission shall Change and in substantive provisions using the
either approve or disapprove, or defined term, should minimize potential
In its filing with the Commission, the for confusion, especially in the context
institute proceedings to determine Exchange included statements
whether to disapprove, the proposed of multiply listed index options. It is in
concerning the purpose of and basis for the public interest to avoid use of
rule change (File No. SR–NYSEArca– the proposed rule change and discussed
2017–111), as modified by Amendment different terminology across different
any comments it received on the exchanges to describe the same concept.
No. 1. proposed rule change. The text of these
For the Commission, by the Division of statements may be examined at the Substitute the Term ‘‘Current Index
Trading and Markets, pursuant to delegated places specified in Item IV below. The Value’’ for the term ‘‘Closing Index
authority.7 Exchange has prepared summaries, set Value’’
Eduardo A. Aleman, forth in sections A, B, and C below, of The term ‘‘current index value’’ is
Assistant Secretary. the most significant aspects of such defined in Rule 1000A(b)(7) in respect
[FR Doc. 2017–24659 Filed 11–14–17; 8:45 am] statements. of a particular index as ‘‘the level of the
BILLING CODE 8011–01–P
A. Self-Regulatory Organization’s index that is derived from the reported
Statement of the Purpose of, and prices of the underlying securities that
Statutory Basis for, the Proposed Rule are the basis of the index, as reported by
SECURITIES AND EXCHANGE the reporting authority for the index.’’
COMMISSION Change
Other options exchanges define ‘‘current
[Release No. 34–82035; File No. SR–Phlx– 1. Purpose index value’’ in a similar fashion.4
2017–89] The Exchange is proposing to amend However, the Exchange currently uses
its index options rules in a number of the term ‘‘closing index value’’ in
Self-Regulatory Organizations; Nasdaq respects to be more clear and reflective provisions where other exchanges use
PHLX LLC; Notice of Filing and of current market practice, and to be the term ‘‘current index value.’’ In order
Immediate Effectiveness of Proposed conformed more closely to OCC rules to use more consistent terminology
Rule Change To Amend Its Index and those of other exchanges in order to across exchanges, the Exchange
Options Rules To Be More Clear and minimize the potential for confusion, in proposes to replace the term ‘‘closing
Conformed More Closely to Those of addition to other index option rule index value’’ with the term ‘‘current
the Options Clearing Corporation changes as discussed below.
(‘‘OCC’’) and Other Exchanges 3 CBOE Rule 24.1, ISE Rule 2001(e) and NOM
Definition and Use of the Term ‘‘Closing Chapter XIV, Section 2(e), for example, all define
November 8, 2017. Index Value’’ ‘‘closing index value’’ as the last index value
sradovich on DSK3GMQ082PROD with NOTICES
Pursuant to Section 19(b)(1) of the reported on a business day.
Securities Exchange Act of 1934 The Exchange currently assigns the 4 CBOE Rule 24.1(g), ISE Rule 2001(e) and NOM
term ‘‘closing index value’’ a meaning Chapter XIV, Section 2(e), for example, all define
which differs from that term’s meaning the term ‘‘current index value’’ with respect to a
https://www.sec.gov/comments/sr-nysearca-2017- particular index options contract in relevant part as
111/nysearca2017111-2653768-161362.pdf. on other exchanges, which presents the the level of the underlying index reported by the
5 15 U.S.C. 78s(b)(2).
reporting authority for the index, or any multiple
6 Id. 1 15 U.S.C. 78s(b)(1). or fraction of such reported level specified by the
7 17 CFR 200.30–3(a)(31). 2 17 CFR 240.19b–4. exchange.
VerDate Sep<11>2014 19:58 Nov 14, 2017 Jkt 244001 PO 00000 Frm 00087 Fmt 4703 Sfmt 4703 E:\FR\FM\15NON1.SGM 15NON1](https://thefederalregister.org/doc/82_FR_53177/page/2.svg)
Document Created: 2018-10-25 10:36:20
Document Modified: 2018-10-25 10:36:20
| 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 52958 |
2025 Federal Register | Disclaimer | Privacy Policy
USC | CFR | eCFR