82 FR 57809 - Self-Regulatory Organizations; Nasdaq BX, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Extend the Pilot Period for the Retail Price Improvement Program Until June 30, 2018
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 82, Issue 234 (December 7, 2017)
Federal Register Volume 82, Issue 234 (December 7, 2017)
| Page Range | 57809-57811 | |
| FR Document | 2017-26318 |
[Federal Register Volume 82, Number 234 (Thursday, December 7, 2017)] [Notices] [Pages 57809-57811] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2017-26318] ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION [Release No. 34-82192; File No. SR-BX-2017-055] Self-Regulatory Organizations; Nasdaq BX, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Extend the Pilot Period for the Retail Price Improvement Program Until June 30, 2018 December 1, 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 November 28, 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 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 extend the pilot period for the Exchange's Retail Price Improvement (``RPI'') Program (the ``Program''), which is set to expire on December 1, 2017, for an additional period, to expire on June 30, 2018. The Exchange has designated December 1, 2017 as the date the proposed rule change becomes effective. 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 those 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 parts of such statements. [[Page 57810]] 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 extend the pilot period of the RPI Program,\3\ currently scheduled to expire on December 1, 2017, for an additional period, to expire on June 30, 2018. --------------------------------------------------------------------------- \3\ Securities Exchange Act Release No. 73702 (November 28, 2014), 79 FR 72049 (December 4, 2014) (``RPI Approval Order'') (SR- BX-2014-048). --------------------------------------------------------------------------- Background In November 2014, the Commission approved the RPI Program on a pilot basis.\4\ The Program is designed to attract retail order flow to the Exchange, and allow such order flow to receive potential price improvement. The Program is currently limited to trades occurring at prices equal to or greater than $1.00 per share. Under the Program, a new class of market participant called a Retail Member Organization (``RMO'') is eligible to submit certain retail order flow (``Retail Orders'') \5\ to the Exchange. BX members (``Members'') are permitted to provide potential price improvement for Retail Orders in the form of non-displayed interest that is priced more aggressively than the Protected National Best Bid or Offer (``Protected NBBO'').\6\ --------------------------------------------------------------------------- \4\ See id. \5\ A ``Retail Order'' is defined in BX Rule 4780(a)(2) by referencing BX Rule 4702, and BX Rule 4702(b)(6) says it is an order type with a non-display order attribute submitted to the Exchange by a RMO. A Retail Order must be an agency order, or riskless principal order that satisfies the criteria of FINRA Rule 5320.03. The Retail Order must reflect trading interest of a natural person with no change made to the terms of the underlying order of the natural person with respect to price (except in the case of a market order that is changed to a marketable limit order) or side of market and that does not originate from a trading algorithm or any other computerized methodology. \6\ The term Protected Quotation is defined in Chapter XII, Sec. 1(19) and has the same meaning as is set forth in Regulation NMS Rule 600(b)(58). The Protected NBBO is the best-priced protected bid and offer. Generally, the Protected NBBO and the national best bid and offer (``NBBO'') will be the same. However, a market center is not required to route to the NBBO if that market center is subject to an exception under Regulation NMS Rule 611(b)(1) or if such NBBO is otherwise not available for an automatic execution. In such case, the Protected NBBO would be the best-priced protected bid or offer to which a market center must route interest pursuant to Regulation NMS Rule 611. --------------------------------------------------------------------------- The Program was approved by the Commission on a pilot basis running one-year from the date of implementation.\7\ The Commission approved the Program on November 28, 2014.\8\ The Exchange implemented the Program on December 1, 2014 and the pilot has since been extended for a one year period twice with it now scheduled to end on December 1, 2017.\9\ --------------------------------------------------------------------------- \7\ See RPI Approval Order, supra note 3 at 72053. \8\ Id. at 72049. \9\ See Securities Exchange Act Release No. 76490 (November 20, 2015), 80 FR 74165 (November 27, 2015) (SR-BX-2015-073); Securities Exchange Act Release No. 79446 (December 1, 2016), 81 FR 88290 (December 7, 2016) (SR-BX-2016-065). --------------------------------------------------------------------------- Proposal To Extend the Operation of the Program The Exchange established the RPI Program in an attempt to attract retail order flow to the Exchange by potentially providing price improvement to such order flow. The Exchange believes that the Program promotes competition for retail order flow by allowing Exchange members to submit Retail Price Improvement Orders (``RPI Orders'') \10\ to interact with Retail Orders. Such competition has the ability to promote efficiency by facilitating the price discovery process and generating additional investor interest in trading securities, thereby promoting capital formation. The Exchange believes that extending the pilot is appropriate because it will allow the Exchange and the Commission additional time to analyze data regarding the Program that the Exchange has committed to provide.\11\ As such, the Exchange believes that it is appropriate to extend the current operation of the Program.\12\ Through this filing, the Exchange seeks to extend the current pilot period of the Program until June 30, 2018. --------------------------------------------------------------------------- \10\ A Retail Price Improvement Order is defined in BX Rule 4780(a)(3) by referencing BX Rule 4702 and BX Rule 4702(b)(5) says that it is as an order type with a non-display order attribute that is held on the Exchange Book in order to provide liquidity at a price at least $0.001 better than the NBBO through a special execution process described in Rule 4780. \11\ See RPI Approval Order, supra note 3 at 72051. \12\ Concurrently with this filing, the Exchange has submitted a request for an extension of the exemption under Regulation NMS Rule 612 previously granted by the Commission that permits it to accept and rank the RPI orders in sub-penny increments. See Letter from Jeffrey S. Davis, Vice President and Deputy General Counsel and Secretary, Nasdaq BX, Inc. to Eduardo A. Aleman, Assistant Secretary, Securities and Exchange Commission dated November 28, 2017. --------------------------------------------------------------------------- 2. Statutory Basis The Exchange believes that the proposed rule change is consistent with the provisions of Section 6 of the Act,\13\ in general, and with Section 6(b)(5) of the Act,\14\ 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. --------------------------------------------------------------------------- \13\ 15 U.S.C. 78f. \14\ 15 U.S.C. 78f(b)(5). --------------------------------------------------------------------------- The Exchange believes that extending the pilot period for the RPI Program is consistent with these principles because the Program is reasonably designed to attract retail order flow to the exchange environment, while helping to ensure that retail investors benefit from the better price that liquidity providers are willing to give their orders. Additionally, as previously stated, the competition promoted by the Program may facilitate the price discovery process and potentially generate additional investor interest in trading securities. The extension of the pilot period will allow the Commission and the Exchange to continue to monitor the Program for its potential effects on public price discovery, and on the broader market structure. B. Self-Regulatory Organization's Statement on Burden on Competition The Exchange does not believe that the proposed rule change will result in any burden on competition that is not necessary or appropriate in furtherance of the purposes of the Act, as amended. The proposed rule change extends an established pilot program for an additional period, to expire on June 30, 2018, thus allowing the RPI Program to enhance competition for retail order flow and contribute to the public price discovery process. 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 foregoing 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) by its terms, become operative for 30 days from the date on which it was filed, or such shorter time as the Commission may designate, the proposed rule change has become effective pursuant to Section 19(b)(3)(A)(iii) of the Act \15\ and subparagraph (f)(6) of Rule 19b-4 thereunder.\16\ --------------------------------------------------------------------------- \15\ 15 U.S.C. 78s(b)(3)(A)(iii). \16\ 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. --------------------------------------------------------------------------- [[Page 57811]] A proposed rule change filed under Rule 19b-4(f)(6) \17\ normally does not become operative for 30 days after the date of its filing. However, Rule 19b-4(f)(6)(iii) \18\ 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 requested that the Commission waive the 30-day operative delay period. The Exchange states that waiving the operative delay would allow the pilot period to continue uninterrupted, which the Exchange argues would be beneficial to market participants and would help to eliminate the potential for investor confusion. --------------------------------------------------------------------------- \17\ 17 CFR 240.19b-4(f)(6). \18\ 17 CFR 240.19b-4(f)(6)(iii). --------------------------------------------------------------------------- The Commission believes that waiver of the 30-day operative delay period is consistent with the protection of investors and the public interest. Specifically, the Commission believes that the proposal would allow the RPI Program to continue uninterrupted and to provide additional time for data about the program to be generated and analyzed. For these reasons, the Commission believes that waiving the 30-day operative delay is consistent with the protection of investors and the public interest, and designates the proposed rule change operative upon filing.\19\ --------------------------------------------------------------------------- \19\ For purposes only of waiving the operative delay for this proposal, the Commission has 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: (i) Necessary or appropriate in the public interest; (ii) for the protection of investors; or (iii) otherwise in furtherance of the purposes of the Act.\20\ --------------------------------------------------------------------------- \20\ 15 U.S.C. 78s(b)(3)(C). --------------------------------------------------------------------------- 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 rule-comments@sec.gov. Please include File Number SR-BX-2017-055 on the subject line. Paper Comments Send paper comments in triplicate to Secretary, Securities and Exchange Commission, 100 F Street NE., Washington, DC 20549-1090. All submissions should refer to File Number SR-BX-2017-055. 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. All submissions should refer to File Number SR-BX-2017-055 and should be submitted on or before December 28, 2017. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.\21\ --------------------------------------------------------------------------- \21\ 17 CFR 200.30-3(a)(12). --------------------------------------------------------------------------- Eduardo A. Aleman, Assistant Secretary. [FR Doc. 2017-26318 Filed 12-6-17; 8:45 am] BILLING CODE 8011-01-P
![Federal Register / Vol. 82, No. 234 / Thursday, December 7, 2017 / Notices 57809
current offering price described in a redemptions and Deposit Instruments SECURITIES AND EXCHANGE
Fund’s prospectus, and not at a price and Redemption Instruments will be COMMISSION
based on NAV. Applicants state that (a) valued in the same manner as those
secondary market trading in shares does investment positions currently held by [Release No. 34–82192; File No. SR–BX–
not involve a Fund as a party and will the Funds. Applicants also seek relief 2017–055]
not result in dilution of an investment from the prohibitions on affiliated
in shares, and (b) to the extent different transactions in section 17(a) to permit a Self-Regulatory Organizations; Nasdaq
prices exist during a given trading day, Fund to sell its shares to and redeem its BX, Inc.; Notice of Filing and
or from day to day, such variances occur shares from a Fund of Funds, and to Immediate Effectiveness of Proposed
as a result of third-party market forces, Rule Change To Extend the Pilot
engage in the accompanying in-kind
such as supply and demand. Therefore, Period for the Retail Price
transactions with the Fund of Funds.3
applicants assert that secondary market Improvement Program Until June 30,
transactions in shares will not lead to The purchase of Creation Units by a
Fund of Funds directly from a Fund will 2018
discrimination or preferential treatment
among purchasers. Finally, applicants be accomplished in accordance with the December 1, 2017.
represent that share market prices will policies of the Fund of Funds and will Pursuant to Section 19(b)(1) of the
be disciplined by arbitrage be based on the NAVs of the Funds. Securities Exchange Act of 1934
opportunities, which should prevent 9. Section 6(c) of the Act permits the (‘‘Act’’),1 and Rule 19b–4 thereunder,2
shares from trading at a material Commission to exempt any persons or notice is hereby given that on November
discount or premium from NAV. transactions from any provision of the 28, 2017, Nasdaq BX, Inc. (‘‘BX’’ or
6. With respect to Funds that effect Act if such exemption is necessary or ‘‘Exchange’’) filed with the Securities
creations and redemptions of Creation appropriate in the public interest and and Exchange Commission (‘‘SEC’’ or
Units in kind and that are based on consistent with the protection of ‘‘Commission’’) the proposed rule
certain Underlying Indexes that include change as described in Items I and II
investors and the purposes fairly
foreign securities, applicants request below, which Items have been prepared
intended by the policy and provisions of
relief from the requirement imposed by by the Exchange. The Commission is
section 22(e) in order to allow such the Act. Section 12(d)(1)(J) of the Act
provides that the Commission may publishing this notice to solicit
Funds to pay redemption proceeds comments on the proposed rule change
within fifteen calendar days following exempt any person, security, or
from interested persons.
the tender of Creation Units for transaction, or any class or classes of
redemption. Applicants assert that the persons, securities, or transactions, from I. Self-Regulatory Organization’s
requested relief would not be any provision of section 12(d)(1) if the Statement of the Terms of Substance of
inconsistent with the spirit and intent of exemption is consistent with the public the Proposed Rule Change
section 22(e) to prevent unreasonable, interest and the protection of investors. The Exchange proposes to extend the
undisclosed or unforeseen delays in the Section 17(b) of the Act authorizes the pilot period for the Exchange’s Retail
actual payment of redemption proceeds. Commission to grant an order Price Improvement (‘‘RPI’’) Program (the
7. Applicants request an exemption to permitting a transaction otherwise ‘‘Program’’), which is set to expire on
permit Funds of Funds to acquire Fund prohibited by section 17(a) if it finds December 1, 2017, for an additional
shares beyond the limits of section that (a) the terms of the proposed period, to expire on June 30, 2018.
12(d)(1)(A) of the Act; and the Funds, transaction are fair and reasonable and
and any principal underwriter for the The Exchange has designated
do not involve overreaching on the part December 1, 2017 as the date the
Funds, and/or any broker or dealer of any person concerned; (b) the
registered under the Exchange Act, to proposed rule change becomes effective.
proposed transaction is consistent with The text of the proposed rule change
sell shares to Funds of Funds beyond
the policies of each registered is available on the Exchange’s Web site
the limits of section 12(d)(1)(B) of the
Act. The application’s terms and investment company involved; and (c) at http://nasdaqbx.cchwallstreet.com/,
conditions are designed to, among other the proposed transaction is consistent at the principal office of the Exchange,
things, help prevent any potential (i) with the general purposes of the Act. and at the Commission’s Public
undue influence over a Fund through For the Commission, by the Division of Reference Room.
control or voting power, or in Investment Management, under delegated II. Self-Regulatory Organization’s
connection with certain services, authority. Statement of the Purpose of, and
transactions, and underwritings, (ii) Eduardo A. Aleman, Statutory Basis for, the Proposed Rule
excessive layering of fees, and (iii) Assistant Secretary. Change
overly complex fund structures, which
[FR Doc. 2017–26343 Filed 12–6–17; 8:45 am]
are the concerns underlying the limits In its filing with the Commission, the
in sections 12(d)(1)(A) and (B) of the BILLING CODE 8011–01–P Exchange included statements
Act. concerning the purpose of and basis for
8. Applicants request an exemption the proposed rule change and discussed
from sections 17(a)(1) and 17(a)(2) of the any comments it received on the
Act to permit persons that are Affiliated 3 The requested relief would apply to direct sales proposed rule change. The text of those
Persons, or Second Tier Affiliates, of the of shares in Creation Units by a Fund to a Fund of statements may be examined at the
Funds, solely by virtue of certain places specified in Item IV below. The
sradovich on DSK3GMQ082PROD with NOTICES
Funds and redemptions of those shares. Applicants,
ownership interests, to effectuate moreover, are not seeking relief from section 17(a) Exchange has prepared summaries, set
purchases and redemptions in-kind. The for, and the requested relief will not apply to, forth in sections A, B, and C below, of
transactions where a Fund could be deemed an
deposit procedures for in-kind the most significant parts of such
Affiliated Person, or a Second-Tier Affiliate, of a
purchases of Creation Units and the Fund of Funds because an Adviser or an entity
statements.
redemption procedures for in-kind controlling, controlled by or under common control
redemptions of Creation Units will be with an Adviser provides investment advisory 1 15 U.S.C. 78s(b)(1).
the same for all purchases and services to that Fund of Funds. 2 17 CFR 240.19b–4.
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![Federal Register / Vol. 82, No. 234 / Thursday, December 7, 2017 / Notices 57811
A proposed rule change filed under Paper Comments DATES: Thursday, December 14, 2017,
Rule 19b–4(f)(6) 17 normally does not • Send paper comments in triplicate from 9:00 a.m. to 4:00 p.m.
become operative for 30 days after the to Secretary, Securities and Exchange ADDRESSES: U.S. Small Business
date of its filing. However, Rule 19b– Commission, 100 F Street NE., Administration, 409 3rd Street SW.,
4(f)(6)(iii) 18 permits the Commission to Washington, DC 20549–1090. Washington, DC 20416.
designate a shorter time if such action Where: Office of Entrepreneurial
All submissions should refer to File
is consistent with the protection of Development Conference Room, 6th
Number SR–BX–2017–055. This file
investors and the public interest. The Floor. Due to limited seating, the
number should be included on the
Exchange has requested that the general public is requested to attend the
subject line if email is used. To help the
Commission waive the 30-day operative meeting via teleconference or webinar.
Commission process and review your
delay period. The Exchange states that Contact Info: (Teleconference Dial-in)
comments more efficiently, please use
waiving the operative delay would 1–888–858–2144, Access Code:
only one method. The Commission will
allow the pilot period to continue 7805798; (Webinar) https://
post all comments on the Commission’s
uninterrupted, which the Exchange connect16.uc.att.com/sba/meet/?Ex
Internet Web site (http://www.sec.gov/
argues would be beneficial to market EventID=87805798; Access Code:
rules/sro.shtml).
participants and would help to 7805798.
Copies of the submission, all
eliminate the potential for investor
subsequent amendments, all written SUPPLEMENTARY INFORMATION: Pursuant
confusion.
The Commission believes that waiver statements with respect to the proposed to section 10(a)(2) of the Federal
of the 30-day operative delay period is rule change that are filed with the Advisory Committee Act (5 U.S.C.,
consistent with the protection of Commission, and all written Appendix 2), SBA announces the
investors and the public interest. communications relating to the meeting of the Advisory Committee on
Specifically, the Commission believes proposed rule change between the Veterans Business Affairs (ACVBA). The
that the proposal would allow the RPI Commission and any person, other than ACVBA is established pursuant to 15
Program to continue uninterrupted and those that may be withheld from the U.S.C. 657(b) note, and serves as an
to provide additional time for data about public in accordance with the independent source of advice and
the program to be generated and provisions of 5 U.S.C. 552, will be policy. The purpose of this meeting is
analyzed. For these reasons, the available for Web site viewing and to focus on strategic planning, updates
Commission believes that waiving the printing in the Commission’s Public on past and current events, and the
30-day operative delay is consistent Reference Room, 100 F Street NE., ACVBA’s objectives for 2018.
with the protection of investors and the Washington, DC 20549, on official This meeting is open to the public.
public interest, and designates the business days between the hours of Advance notice of attendance is
proposed rule change operative upon 10:00 a.m. and 3:00 p.m. Copies of the requested. Anyone wishing to attend
filing.19 filing also will be available for and/or make comments to the ACVBA
At any time within 60 days of the inspection and copying at the principal must contact SBA’s Office of Veterans
filing of the proposed rule change, the office of the Exchange. All comments Business Development no later than
Commission summarily may received will be posted without change. December 8, 2017 at veteransbusiness@
temporarily suspend such rule change if All submissions should refer to File sba.gov. Comments for the record will
it appears to the Commission that such Number SR–BX–2017–055 and should be limited to five minutes to
action is: (i) Necessary or appropriate in be submitted on or before December 28, accommodate as many participants as
the public interest; (ii) for the protection 2017. possible. Written comments should be
of investors; or (iii) otherwise in For the Commission, by the Division of sent to the above by December 8, 2017.
furtherance of the purposes of the Act.20 Trading and Markets, pursuant to delegated Special accommodation requests should
authority.21 also be directed to SBA’s Office of
IV. Solicitation of Comments Eduardo A. Aleman, Veterans Business Development at (202)
Interested persons are invited to Assistant Secretary. 205–6773 or veteransbusiness@sba.gov.
submit written data, views, and [FR Doc. 2017–26318 Filed 12–6–17; 8:45 am] For more information on veteran
arguments concerning the foregoing, BILLING CODE 8011–01–P
owned small business programs, please
including whether the proposed rule visit www.sba.gov/veterans.
change is consistent with the Act. Dated: November 21, 2017.
Comments may be submitted by any of SMALL BUSINESS ADMINISTRATION Richard W. Kingan,
the following methods: SBA Committee Management Officer.
Electronic Comments Meeting of the Advisory Committee on [FR Doc. 2017–26352 Filed 12–6–17; 8:45 am]
Veterans Business Affairs
• Use the Commission’s Internet BILLING CODE P
comment form (http://www.sec.gov/ AGENCY: U.S. Small Business
rules/sro.shtml); or Administration.
• Send an email to rule- ACTION: Notice of open Federal Advisory DEPARTMENT OF STATE
comments@sec.gov. Please include File Committee Meeting. [Public Notice: 10219]
Number SR–BX–2017–055 on the
subject line. SUMMARY: The U.S. Small Business Certification Pursuant to Section
sradovich on DSK3GMQ082PROD with NOTICES
Administration (SBA) is issuing this 7045(A)(4)(B) of the Department of
17 17 CFR 240.19b–4(f)(6). notice to announce the location, date, State, Foreign Operations, and Related
18 17 CFR 240.19b–4(f)(6)(iii). time, and agenda for the next meeting of Programs Appropriations Act, 2017
19 For purposes only of waiving the operative
the Advisory Committee on Veterans
delay for this proposal, the Commission has By virtue of the authority vested in
considered the proposed rule’s impact on
Business Affairs. The meeting is open to
efficiency, competition, and capital formation. See the public. me as the Secretary of State, including
15 U.S.C. 78c(f). pursuant to section 7045(a)(4)(B) of the
20 15 U.S.C. 78s(b)(3)(C). 21 17 CFR 200.30–3(a)(12). Department of State, Foreign
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Document Created: 2017-12-07 00:34:41
Document Modified: 2017-12-07 00:34:41
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
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| FR Citation | 82 FR 57809 |
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