82 FR 56320 - Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Designation of a Longer Period for Commission Action on Proposed Rule Change To Amend Rule 1009 To Modify the Criteria for Listing an Option on an Underlying Covered Security

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 82, Issue 227 (November 28, 2017)

Page Range		56320-56320
FR Document		2017-25689

Federal Register, Volume 82 Issue 227 (Tuesday, November 28, 2017)

[Federal Register Volume 82, Number 227 (Tuesday, November 28, 2017)]
[Notices]
[Page 56320]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-25689]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-82147; File No. SR-Phlx-2017-75]


Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of 
Designation of a Longer Period for Commission Action on Proposed Rule 
Change To Amend Rule 1009 To Modify the Criteria for Listing an Option 
on an Underlying Covered Security

November 22, 2017.
    On September 27, 2017, Nasdaq PHLX LLC (``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 amend the 
criteria for listing an option on an underlying covered security in 
Rule 1009, Commentary .01. The proposed rule change was published for 
comment in the Federal Register on October 11, 2017.\3\
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ See Securities Exchange Act Release No. 81814 (Oct. 4, 
2017), 82 FR 47254.
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    Section 19(b)(2) of the Act \4\ 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 25, 2017. The Commission is extending this 45-day time 
period.
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    \4\ 15 U.S.C. 78s(b)(2).
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    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. 
Accordingly, the Commission, pursuant to Section 19(b)(2) of the 
Act,\5\ designates January 9, 2018 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 Number 
SR-Phlx-2017-75).
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    \5\ Id.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\6\
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    \6\ 17 CFR 200.30-3(a)(31).
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Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017-25689 Filed 11-27-17; 8:45 am]
 BILLING CODE 8011-01-P

56320 Federal Register / Vol. 82, No. 227 / Tuesday, November 28, 2017 / Notices

(collectively, also known as ‘‘self- Officer, Securities and Exchange proposed rule change so that it has
regulatory organizations’’ or ‘‘SROs’’) Commission, c/o Remi Pavlik-Simon, sufficient time to consider the proposed
pursuant to a fingerprint plan filed with, 100 F Street NE., Washington, DC rule change. Accordingly, the
and declared effective by, the 20549, or by sending an email to: PRA_ Commission, pursuant to Section
Commission. Fingerprint plans have Mailbox@sec.gov. Comments must be 19(b)(2) of the Act,5 designates January
been approved for the American, submitted to OMB within 30 days of 9, 2018 as the date by which the
Boston, Chicago, New York, and this notice. Commission shall either approve or
Philadelphia stock exchanges and for Dated: November 21, 2017. disapprove or institute proceedings to
the Financial Industry Regulatory Eduardo A. Aleman, determine whether to disapprove the
Authority (‘‘FINRA’’) and the Chicago proposed rule change (File Number SR–
Assistant Secretary.
Board Options Exchange. Currently, the Phlx–2017–75).
[FR Doc. 2017–25600 Filed 11–27–17; 8:45 am]
bulk of the fingerprints are submitted For the Commission, by the Division of
BILLING CODE 8011–01–P
through FINRA. Trading and Markets, pursuant to delegated
It is estimated that 4,200 respondents authority.6
submit approximately 285,600 sets of Eduardo A. Aleman,
fingerprints (consisting of SECURITIES AND EXCHANGE
COMMISSION Assistant Secretary.
approximately 243,600 electronic sets
[FR Doc. 2017–25689 Filed 11–27–17; 8:45 am]
and 42,000 hard copy sets) to SROs on [Release No. 34–82147; File No. SR–Phlx–
an annual basis. The Commission 2017–75] BILLING CODE 8011–01–P

estimates that it would take
approximately 15 minutes to create and Self-Regulatory Organizations; Nasdaq
submit each fingerprint card. The total PHLX LLC; Notice of Designation of a SMALL BUSINESS ADMINISTRATION
reporting burden is therefore estimated Longer Period for Commission Action
to be approximately 71,400 hours, or on Proposed Rule Change To Amend Committee Member Nominations
approximately 15 hours per respondent, Rule 1009 To Modify the Criteria for Sought Notice; Advisory Committee on
annually. Listing an Option on an Underlying Veterans Business Affairs
In addition, the SROs charge an Covered Security
AGENCY: U.S. Small Business
estimated $25.00 fee for processing November 22, 2017. Administration.
fingerprint cards submitted On September 27, 2017, Nasdaq PHLX ACTION: Notice of open nominations for
electronically, resulting in a total annual LLC (‘‘Exchange’’) filed with the
cost to all 4,200 respondents of veteran small business owners and
Securities and Exchange Commission veteran service organization
$6,090,000, or $1,450 per respondent (‘‘Commission’’), pursuant to Section
per year. The SROs charge an estimated representatives for the Advisory
19(b)(1) of the Securities Exchange Act Committee on Veterans Business Affairs
$40.00 fee for processing fingerprint of 1934 (‘‘Act’’) 1 and Rule 19b–4
cards submitted in hard copy, resulting and the Interagency Task Force on
thereunder,2 a proposed rule change to Veterans Small Business Development.
in a total annual cost to all 4,200 amend the criteria for listing an option
respondents of approximately on an underlying covered security in SUMMARY: The U.S. Small Business
$1,680,000, or $400 per respondent per Rule 1009, Commentary .01. The Administration seeks member
year. The combined annual cost to all proposed rule change was published for nominations from veteran owned small
respondents is thus $7,770,000. comment in the Federal Register on businesses and veteran service
Because the FBI will not accept organizations to serve on the Advisory
October 11, 2017.3
fingerprint cards directly from
Section 19(b)(2) of the Act 4 provides Committee on Veterans Business Affairs
submitting organizations, Commission
that, within 45 days of the publication and member nominations from veteran
approval of fingerprint plans from
of notice of the filing of a proposed rule service organizations and military
certain SROs is essential to carry out the
change, or within such longer period up service organizations to serve on the
Congressional goal to fingerprint
to 90 days as the Commission may Interagency Task Force for Veterans
securities industry personnel. Filing
designate if it finds such longer period Small Business Development.
these plans for review assures users and
to be appropriate and publishes its DATES: Nomination applications due by
their personnel that fingerprint cards
reasons for so finding or as to which the 11:59 p.m. (EST), December 15, 2017.
will be handled responsibly and with
self-regulatory organization consents, ADDRESSES: Send nominations to
due care for confidentiality.
An agency may not conduct or the Commission shall either approve the veteransbusiness@sba.gov.
sponsor, and a person is not required to proposed rule change, disapprove the
SUPPLEMENTARY INFORMATION: The U.S.
respond to, a collection of information proposed rule change, or institute
Small Business Administration (SBA)
under the PRA unless it displays a proceedings to determine whether the
seeks member nominations from veteran
currently valid OMB control number. proposed rule change should be
owned small businesses and veteran
The public may view background disapproved. The 45th day after
service organizations (VSO) to serve on
documentation for this information publication of the notice for this
the Advisory Committee on Veterans
collection at the following Web site: proposed rule change is November 25,
Business Affairs (ACVBA). The SBA
www.reginfo.gov. Comments should be 2017. The Commission is extending this
also seeks member nominations from
directed to: (i) Desk Officer for the 45-day time period.
The Commission finds that it is two VSO or Military Service
Securities and Exchange Commission, Organizations (MSO) to serve on the
ethrower on DSK3G9T082PROD with NOTICES

Office of Information and Regulatory appropriate to designate a longer period
within which to take action on the Interagency Task Force for Veterans
Affairs, Office of Management and Small Business Development (IATF).
Budget, Room 10102, New Executive 1 15 Additional Information: Nominations
U.S.C. 78s(b)(1).
Office Building, Washington, DC 20503, 2 17 CFR 240.19b–4. of eligible representatives must be sent
or by sending an email to: Shagufta_ 3 See Securities Exchange Act Release No. 81814
Ahmed@omb.eop.gov; and (ii) Pamela (Oct. 4, 2017), 82 FR 47254. 5 Id.

Dyson, Director/Chief Information 4 15 U.S.C. 78s(b)(2). 6 17 CFR 200.30–3(a)(31).

VerDate Sep<11>2014 19:51 Nov 27, 2017 Jkt 244001 PO 00000 Frm 00113 Fmt 4703 Sfmt 4703 E:\FR\FM\28NON1.SGM 28NON1

Document Created: 2017-11-28 01:51:19
Document Modified: 2017-11-28 01:51:19

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 56320