83 FR 10538 - Self-Regulatory Organizations; Miami International Securities Exchange, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Exchange Rule 403, Withdrawal of Approval of Underlying Securities
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 83, Issue 47 (March 9, 2018)
Federal Register Volume 83, Issue 47 (March 9, 2018)
| Page Range | 10538-10540 | |
| FR Document | 2018-04792 |
[Federal Register Volume 83, Number 47 (Friday, March 9, 2018)] [Notices] [Pages 10538-10540] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2018-04792] ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION [Release No. 34-82814; File No. SR-MIAX-2018-07] Self-Regulatory Organizations; Miami International Securities Exchange, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Exchange Rule 403, Withdrawal of Approval of Underlying Securities March 6, 2018. Pursuant to the provisions of 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 February 21, 2018, Miami International Securities Exchange, LLC (``MIAX Options'' or the ``Exchange'') filed with the Securities and Exchange Commission (``Commission'') a 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.b-4. --------------------------------------------------------------------------- I. Self-Regulatory Organization's Statement of the Terms of Substance of the Proposed Rule Change The Exchange is filing a proposal to amend Exchange Rule 403, Withdrawal of Approval of Underlying Securities, to allow the Exchange to delist an option class if open for trading on another national securities exchange, and to not open for trading or restrict securities with open interest to closing transactions, if open for trading solely on the Exchange. The text of the proposed rule change is available on the Exchange's website at http://www.miaxoptions.com/rule-filings/ at MIAX Options' principal office, 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 Exchange seeks to amend Rule 403 to add Interpretations and Policies .02, to allow the Exchange to delist an option class if it is open for trading on another securities exchange; restrict option series to closing transactions when an option class is open for trading solely on the Exchange and the underlying security continues to meet the requirements for approval; restrict series with open interest to closing transactions, provided that, opening transactions by Market Makers executed to accommodate closing transactions of other market participants may be permitted; and to delist the option class when all series within that class have expired. The Exchange believes the ability to restrict option series to closing transactions when an option class is [[Page 10539]] open for trading solely on the Exchange and the underlying security continues to meet the requirements for approval will allow the Exchange to delist option series in a timely and efficient manner. The Exchange believes the proposed rule amendment is necessary in connection with the listing and trading of option classes that are open for trading solely on the Exchange, including, but not limited to, exclusively listed cash-settled index option products.\3\ The proposed rule change is based on a proposal recently submitted by Cboe Exchange, Inc. (``Cboe'').\4\ --------------------------------------------------------------------------- \3\ See Securities Exchange Act Release No. 81371 (August 10, 2017), 82 FR 38942 (August 16, 2017) (SR-MIAX-2017-39). \4\ See Securities Exchange Act Release No. 82346 (December 18, 2017), 82 FR 60778 (December 22, 2017) (SR-CBOE-2017-076). --------------------------------------------------------------------------- Currently, whenever the Exchange determines that an underlying security previously approved for Exchange options transactions does not meet the then current requirements for continuance of such approval or for any other reason should no longer be approved, the Exchange will not open for trading any additional series of options of the class covering that underlying security and may prohibit any opening transactions in series of options of that class previously opened (except that opening transactions by Market Makers executed to accommodate closing transactions of other market participants may be permitted). The Exchange seeks to add Interpretations and Policies .02 to provide that when an option class is trading on another exchange, MIAX Options may delist such option class immediately, regardless of whether the option class continues to meet the requirements for approval. When an option class that no longer meets the requirements for approval is trading solely on the Exchange, the Exchange may not add any additional series, may restrict series with open interest to closing transactions, and may delist any series without open interest. However, when an option class continues to meet the requirements for approval and is trading solely on the Exchange, the Exchange may not restrict series with open interest to closing transactions; instead, the Exchange may only delist series with no open interest and determine to not open for trading any additional series in that option class, and may delist the option class when all series within that class have expired. There are various business reasons why the Exchange may choose to no longer list an option class (e.g., lack of trading interest, lack of market-making interest, etc.). The Exchange believes restricting such classes to closing transactions will allow open interest to be closed in a timelier and more efficient manner. When seeking to delist an option class the Exchange believes that restricting series to closing transactions is a better way to transition the class to a delisted state than the current method of not adding additional series and allowing market participants to continue to add new positions in the existing series. Restricting trading to closing transactions encourages market participants to close transactions, which helps to limit any potential negative effects associated with delisting a class. For example, restricting trading to closing transactions helps prevent market participants from adding new positions that cannot be rolled into the following expiration (a common options strategy). The Exchange notes that this proposal is consistent with the manner in which Rule 403 operates in relation to option classes with underlying securities that no longer meet the requirements for approval--additional series are not added, series with open interest are restricted to closing only, and series without open interest are delisted. As proposed, when the Exchange seeks to delist an option class with an underlying security that continues to meet the requirements for approval the Exchange will not open additional series in the option class and will restrict trading to closing transactions. Allowing Market Makers to facilitate closing transactions of other market participants will help market participants close positions in classes that will be delisted by the Exchange, which helps to protect investors and the public interest. It is reasonable to restrict series to closing only pursuant to current Rule 403 when underlying securities no longer meet requirements for approval. The Exchange believes it is also reasonable to restrict series to closing when the options class no longer satisfies business justifications for listing the class. The Exchange will announce the implementation date of the proposed rule change by Regulatory Circular to be published no later than 90 days following the operative date of the proposed rule. The implementation date will be no later than 90 days following the issuance of the Regulatory Circular. 2. Statutory Basis The Exchange believes that its proposed rule change is consistent with Section 6(b) of the Act \5\ in general, and furthers the objectives of Section 6(b)(5) of the Act \6\ in particular, in that it is 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 facilitating transactions in securities, to remove impediments to and perfect the mechanisms of a free and open market and a national market system and, in general, to protect investors and the public interest. Additionally, the Exchange believes the proposed rule change is consistent with Section 6(b)(5) \7\ requirements that the rules of an exchange not be designed to permit unfair discrimination between customers, issuers, brokers, or dealers. --------------------------------------------------------------------------- \5\ 15 U.S.C. 78f(b). \6\ 15 U.S.C. 78f(b)(5). \7\ Id. --------------------------------------------------------------------------- In particular, when seeking to delist an option class--whether or not the underlying security continues to meet the requirements for approval--the Exchange believes that restricting series to closing transactions is a better way to transition the class to a delisted state than the current method of not adding additional series and allowing market participants to continue to add new positions in the existing series. Restricting trading to closing transactions encourages market participants to close transactions, which helps to limit any potential negative effects associated with delisting a class and helps to protect customers and the public interest. The Exchange notes that this proposal is consistent with the manner in which Rule 403 operates in relation to option classes with underlying securities that no longer meet the requirements for approval--additional series are not added, series with open interest are restricted to closing only, and series without open interest are delisted. As proposed, when the Exchange seeks to delist an option class with an underlying security that continues to meet the requirements for approval the Exchange will not open additional series in the option class and will restrict trading to closing transactions. Also consistent with current Rule 403, opening transactions by Market Makers executed to accommodate closing transactions of other market participants may be permitted. Allowing Market Makers and market participants to facilitate closing transactions will help close positions in classes that will be delisted by the Exchange, which helps to protect investors and the public interest. It is reasonable to restrict series to closing only pursuant to current Rule 403 when underlying securities no [[Page 10540]] longer meet requirements for approval. The Exchange believes it is also reasonable to restrict series to closing when the option class no longer satisfies business justifications for listing the class. The Exchange also believes the proposed changes promote just and equitable principles of trade and remove impediments to and perfect the mechanism of a free and open market and a national market system because the proposed rule is designed to allow the Exchange to facilitate transactions in products solely listed on the Exchange in a uniform manner. Additionally, the proposed amendment would foster cooperation and coordination with persons engaged in facilitating transactions in securities and would remove impediments to and perfect the mechanism of a free and open market and a national exchange system because the proposed amendment would make the rules of Exchange consistent with other options exchanges which trade index options.\8\ In particular, the Exchange believes that the proposed changes will provide greater clarity to Members \9\ and the public regarding the Exchange's Rules as they pertain to index options. It is in the public interest for rules to be uniform and consistent across options exchanges so as to eliminate the potential for confusion. --------------------------------------------------------------------------- \8\ See supra note 4. \9\ The term ``Member'' means an individual or organization approved to exercise the trading rights associated with a Trading Permit. Members are deemed ``members'' under the Exchange Act. See Exchange Rule 100. --------------------------------------------------------------------------- B. Self-Regulatory Organization's Statement on Burden on Competition MIAX Options 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 consistent with the manner in which Rule 403 operates in relation to option classes with underlying securities that no longer meet the requirements for approval--additional series are not added, series with open interest are restricted to closing only, and series without open interest are delisted. Also consistent with current Rule 403, opening transactions by Market Makers executed to accommodate closing transactions of other market participants may be permitted. Allowing Market Makers to facilitate closing transactions of other market participants will help close positions in classes that will be delisted by the Exchange, which helps to protect investors and the public interest and does not impose any burden on competition that is not necessary or appropriate in furtherance of the purposes of the Act. Additionally, the proposed rule change is consistent with the rules of other options exchanges that currently list for trading index options, therefore, the Exchange believes that this proposed rule change will add clarity and uniformity to the rule governing index options. The Exchange does not believe that the proposed rule change will impose any burden on intermarket competition as the Rules apply equally to all Exchange Members. C. Self-Regulatory Organization's Statement on Comments on the Proposed Rule Change Received From Members, Participants, or Others Written comments were neither solicited nor 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) become operative for 30 days after the date of the filing, or such shorter time as the Commission may designate, it has become effective pursuant to 19(b)(3)(A) of the Act \10\ and Rule 19b-4(f)(6) \11\ thereunder. --------------------------------------------------------------------------- \10\ 15 U.S.C. 78s(b)(3)(A). \11\ 17 CFR 240.19b-4(f)(6). In addition, Rule 19b-4(f)(6) requires a self-regulatory organization to give the Commission written notice of its intent to file 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. The Exchange has satisfied this requirement. --------------------------------------------------------------------------- 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 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-MIAX-2018-07 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-MIAX-2018-07. 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 website (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 website 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-MIAX-2018-07, and should be submitted on or before March 30, 2018. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.\12\ --------------------------------------------------------------------------- \12\ 17 CFR 200.30-3(a)(12). --------------------------------------------------------------------------- Eduardo A. Aleman, Assistant Secretary. [FR Doc. 2018-04792 Filed 3-8-18; 8:45 am] BILLING CODE P
![10538 Federal Register / Vol. 83, No. 47 / Friday, March 9, 2018 / Notices
operative delay. The Exchange stated submission, all subsequent have been prepared by the Exchange.
that waiver of the operative delay is amendments, all written statements The Commission is publishing this
consistent with the protection of with respect to the proposed rule notice to solicit comments on the
investors and the public interest change that are filed with the proposed rule change from interested
because it would allow the Exchange to Commission, and all written persons.
implement the proposed rule change communications relating to the
upon effectiveness, thus immediately proposed rule change between the I. Self-Regulatory Organization’s
increasing transparency and creating Commission and any person, other than Statement of the Terms of Substance of
consistency regarding the rules those that may be withheld from the the Proposed Rule Change
governing clearly erroneous executions public in accordance with the The Exchange is filing a proposal to
among Primary Listing Exchanges. The provisions of 5 U.S.C. 552, will be amend Exchange Rule 403, Withdrawal
Commission believes that waiving the available for website viewing and of Approval of Underlying Securities, to
30-day operative delay is consistent printing in the Commission’s Public allow the Exchange to delist an option
with the protection of investors and the Reference Room, 100 F Street, NE, class if open for trading on another
public interest. Accordingly, the Washington, DC 20549 on official national securities exchange, and to not
Commission hereby waives the business days between the hours of open for trading or restrict securities
operative delay and designates the 10:00 a.m. and 3:00 p.m. Copies of such with open interest to closing
proposal as operative upon filing.28 filing also will be available for transactions, if open for trading solely
At any time within 60 days of the inspection and copying at the principal on the Exchange.
filing of the proposed rule change, the office of the Exchange. All comments The text of the proposed rule change
Commission summarily may received will be posted without change. is available on the Exchange’s website at
temporarily suspend such rule change if Persons submitting comments are http://www.miaxoptions.com/rule-
it appears to the Commission that such cautioned that we do not redact or edit filings/ at MIAX Options’ principal
action is necessary or appropriate in the personal identifying information from office, and at the Commission’s Public
public interest, for the protection of comment submissions. You should Reference Room.
investors, or otherwise in furtherance of submit only information that you wish
the purposes of the Act. If the to make available publicly. All II. Self-Regulatory Organization’s
Commission takes such action, the submissions should refer to File Statement of the Purpose of, and
Commission shall institute proceedings Number SR–IEX–2018–05, and should Statutory Basis for, the Proposed Rule
to determine whether the proposed rule be submitted on or before March 30, Change
should be approved or disapproved. 2018. In its filing with the Commission, the
IV. Solicitation of Comments For the Commission, by the Division of Exchange included statements
Trading and Markets, pursuant to delegated concerning the purpose of and basis for
Interested persons are invited to authority.29 the proposed rule change and discussed
submit written data, views, and Eduardo A. Aleman, any comments it received on the
arguments concerning the foregoing, proposed rule change. The text of these
Assistant Secretary.
including whether the proposed rule statements may be examined at the
[FR Doc. 2018–04793 Filed 3–8–18; 8:45 am]
change is consistent with the Act. places specified in Item IV below. The
BILLING CODE 8011–01–P
Comments may be submitted by any of Exchange has prepared summaries, set
the following methods: forth in sections A, B, and C below, of
Electronic Comments SECURITIES AND EXCHANGE the most significant aspects of such
• Use the Commission’s internet COMMISSION statements.
comment form (http://www.sec.gov/ [Release No. 34–82814; File No. SR–MIAX– A. Self-Regulatory Organization’s
rules/sro.shtml); or 2018–07] Statement of the Purpose of, and
• Send an email to rule-comments@ Statutory Basis for, the Proposed Rule
sec.gov. Please include File Number SR– Self-Regulatory Organizations; Miami Change
IEX–2018–05 on the subject line. International Securities Exchange,
LLC; Notice of Filing and Immediate 1. Purpose
Paper Comments Effectiveness of a Proposed Rule The Exchange seeks to amend Rule
• Send paper comments in triplicate Change To Amend Exchange Rule 403, 403 to add Interpretations and Policies
to Secretary, Securities and Exchange Withdrawal of Approval of Underlying .02, to allow the Exchange to delist an
Commission, 100 F Street, NE, Securities option class if it is open for trading on
Washington, DC 20549–1090. another securities exchange; restrict
March 6, 2018.
All submissions should refer to File option series to closing transactions
Pursuant to the provisions of Section
Number SR–IEX–2018–05. This file when an option class is open for trading
19(b)(1) of the Securities Exchange Act
number should be included on the solely on the Exchange and the
of 1934 (‘‘Act’’) 1 and Rule 19b–4
subject line if email is used. To help the thereunder,2 notice is hereby given that underlying security continues to meet
Commission process and review your on February 21, 2018, Miami the requirements for approval; restrict
comments more efficiently, please use International Securities Exchange, LLC series with open interest to closing
only one method. The Commission will (‘‘MIAX Options’’ or the ‘‘Exchange’’) transactions, provided that, opening
post all comments on the Commission’s filed with the Securities and Exchange transactions by Market Makers executed
amozie on DSK30RV082PROD with NOTICES
internet website (http://www.sec.gov/ Commission (‘‘Commission’’) a to accommodate closing transactions of
rules/sro.shtml). Copies of the proposed rule change as described in other market participants may be
Items I, II, and III below, which Items permitted; and to delist the option class
28 For purposes only of waiving the 30-day
when all series within that class have
operative delay, the Commission has also
considered the proposed rule’s impact on
29 17 CFR 200.30–3(a)(12). expired. The Exchange believes the
efficiency, competition, and capital formation. See 1 15 U.S.C. 78s(b)(1). ability to restrict option series to closing
15 U.S.C. 78c(f). 2 17 CFR 240.b–4. transactions when an option class is
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![10540 Federal Register / Vol. 83, No. 47 / Friday, March 9, 2018 / Notices
longer meet requirements for approval. competition that is not necessary or Electronic Comments
The Exchange believes it is also appropriate in furtherance of the
reasonable to restrict series to closing purposes of the Act. Additionally, the • Use the Commission’s internet
when the option class no longer satisfies proposed rule change is consistent with comment form (http://www.sec.gov/
business justifications for listing the the rules of other options exchanges that rules/sro.shtml); or
class. currently list for trading index options, • Send an email to rule-comments@
The Exchange also believes the therefore, the Exchange believes that sec.gov. Please include File Number SR–
proposed changes promote just and this proposed rule change will add MIAX–2018–07 on the subject line.
equitable principles of trade and remove clarity and uniformity to the rule
impediments to and perfect the governing index options. Paper Comments
mechanism of a free and open market The Exchange does not believe that
and a national market system because • Send paper comments in triplicate
the proposed rule change will impose to Secretary, Securities and Exchange
the proposed rule is designed to allow any burden on intermarket competition
the Exchange to facilitate transactions in Commission, 100 F Street NE,
as the Rules apply equally to all Washington, DC 20549–1090.
products solely listed on the Exchange Exchange Members.
in a uniform manner. Additionally, the All submissions should refer to File
proposed amendment would foster C. Self-Regulatory Organization’s
Number SR–MIAX–2018–07. This file
cooperation and coordination with Statement on Comments on the
number should be included on the
persons engaged in facilitating Proposed Rule Change Received From
Members, Participants, or Others subject line if email is used. To help the
transactions in securities and would
remove impediments to and perfect the Commission process and review your
Written comments were neither comments more efficiently, please use
mechanism of a free and open market
solicited nor received. only one method. The Commission will
and a national exchange system because
the proposed amendment would make III. Date of Effectiveness of the post all comments on the Commission’s
the rules of Exchange consistent with Proposed Rule Change and Timing for internet website (http://www.sec.gov/
other options exchanges which trade Commission Action rules/sro.shtml). Copies of the
index options.8 In particular, the submission, all subsequent
Exchange believes that the proposed Because the foregoing proposed rule amendments, all written statements
changes will provide greater clarity to change does not: (i) Significantly affect with respect to the proposed rule
Members 9 and the public regarding the the protection of investors or the public change that are filed with the
Exchange’s Rules as they pertain to interest; (ii) impose any significant Commission, and all written
index options. It is in the public interest burden on competition; and (iii) become communications relating to the
for rules to be uniform and consistent operative for 30 days after the date of proposed rule change between the
across options exchanges so as to the filing, or such shorter time as the
Commission and any person, other than
eliminate the potential for confusion. Commission may designate, it has
those that may be withheld from the
become effective pursuant to 19(b)(3)(A)
B. Self-Regulatory Organization’s of the Act 10 and Rule 19b–4(f)(6) 11 public in accordance with the
Statement on Burden on Competition thereunder. provisions of 5 U.S.C. 552, will be
MIAX Options does not believe that available for website viewing and
At any time within 60 days of the
the proposed rule change will impose printing in the Commission’s Public
filing of the proposed rule change, the
any burden on competition that is not Reference Room, 100 F Street NE,
Commission summarily may
necessary or appropriate in furtherance temporarily suspend such rule change if Washington, DC 20549 on official
of the purposes of the Act. The it appears to the Commission that such business days between the hours of
proposed rule change is consistent with action is necessary or appropriate in the 10:00 a.m. and 3:00 p.m. Copies of the
the manner in which Rule 403 operates public interest, for the protection of filing also will be available for
in relation to option classes with investors, or otherwise in furtherance of inspection and copying at the principal
underlying securities that no longer the purposes of the Act. If the office of the Exchange. All comments
meet the requirements for approval— Commission takes such action, the received will be posted without change.
additional series are not added, series Commission shall institute proceedings Persons submitting comments are
with open interest are restricted to to determine whether the proposed rule cautioned that we do not redact or edit
closing only, and series without open should be approved or disapproved. personal identifying information from
interest are delisted. Also consistent comment submissions. You should
with current Rule 403, opening IV. Solicitation of Comments
submit only information that you wish
transactions by Market Makers executed Interested persons are invited to to make available publicly. All
to accommodate closing transactions of submit written data, views, and submissions should refer to File
other market participants may be arguments concerning the foregoing, Number SR–MIAX–2018–07, and
permitted. Allowing Market Makers to including whether the proposed rule should be submitted on or before March
facilitate closing transactions of other change is consistent with the Act.
market participants will help close 30, 2018.
Comments may be submitted by any of
positions in classes that will be delisted the following methods:
For the Commission, by the Division of
by the Exchange, which helps to protect Trading and Markets, pursuant to delegated
investors and the public interest and 10 15
authority.12
U.S.C. 78s(b)(3)(A).
amozie on DSK30RV082PROD with NOTICES
does not impose any burden on 11 17 CFR 240.19b–4(f)(6). In addition, Rule 19b– Eduardo A. Aleman,
4(f)(6) requires a self-regulatory organization to give Assistant Secretary.
8 See supra note 4. the Commission written notice of its intent to file [FR Doc. 2018–04792 Filed 3–8–18; 8:45 am]
9 The term ‘‘Member’’ means an individual or the proposed rule change at least five business days
organization approved to exercise the trading rights prior to the date of filing of the proposed rule BILLING CODE P
associated with a Trading Permit. Members are change, or such shorter time as designated by the
deemed ‘‘members’’ under the Exchange Act. See Commission. The Exchange has satisfied this 12 17 CFR 200.30–3(a)(12).
Exchange Rule 100. requirement.
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Document Created: 2018-03-09 03:48:48
Document Modified: 2018-03-09 03:48:48
| 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 | 83 FR 10538 |
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