83 FR 11254 - Self-Regulatory Organizations; Nasdaq ISE, LLC; Notice of Filing of Proposed Rule Change To Introduce the ATR Protection for Orders That Are Routed to Away Markets
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 83, Issue 50 (March 14, 2018)
Federal Register Volume 83, Issue 50 (March 14, 2018)
| Page Range | 11254-11256 | |
| FR Document | 2018-05163 |
[Federal Register Volume 83, Number 50 (Wednesday, March 14, 2018)] [Notices] [Pages 11254-11256] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2018-05163] ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION [Release No. 34-82846; File No. SR-ISE-2018-16] Self-Regulatory Organizations; Nasdaq ISE, LLC; Notice of Filing of Proposed Rule Change To Introduce the ATR Protection for Orders That Are Routed to Away Markets March 9, 2018. 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 February 23, 2018, Nasdaq ISE, LLC (``ISE'' or ``Exchange'') filed with the Securities and Exchange Commission (``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 introduce its Acceptable Trade Range protection for orders that are routed to away markets pursuant to the Options Order Protection and Locked/Crossed Markets Plan. The text of the proposed rule change is available on the Exchange's website at http://ise.cchwallstreet.com/, at the principal office of the Exchange, and at the Commission's Public Reference Room. II. Self-Regulatory Organization's Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change In its filing with the Commission, the Exchange included statements concerning the purpose of and basis for the proposed rule change and discussed any comments it received on the proposed rule change. The text of these statements may be examined at the places specified in Item IV below. The Exchange has prepared summaries, set forth in sections A, B, and C below, of the most significant aspects of such statements. A. Self-Regulatory Organization's Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change 1. Purpose The Exchange offers an Acceptable Trade Range (``ATR'') protection that prevents the execution of quotes and orders on the regular order book outside of set thresholds. The purpose of the proposed rule change is to enhance this ATR protection for orders that are routed to away markets pursuant to the Options Order Protection and Locked/Crossed Markets Plan (``Linkage Plan'') instead of being executed immediately on the Exchange or resting on the regular order book. As codified in Rule 714(b)(1), the Exchange's trading system calculates an Acceptable Trade Range to limit the range of prices at which an order or quote will be allowed to execute.\3\ The Acceptable Trade Range is calculated by taking the reference price, plus or minus a value to be determined by the Exchange (i.e., the reference price-(x) for sell orders/quotes and the reference [[Page 11255]] price + (x) for buy orders or quotes).\4\ Upon receipt of a new order or quote, the reference price is the national best bid (``NBB'') for sell orders/quotes and the national best offer (``NBO'') for buy orders/quotes. If an order or quote reaches the outer limit of the Acceptable Trade Range without being fully executed then any unexecuted balance will be cancelled. --------------------------------------------------------------------------- \3\ The ATR protection is not available for Complex Orders that leg in to the regular order book, which are instead subject to the Price Level Protection pursuant to Rule 714(a)(4), or for All-or- None orders. \4\ There are three categories of options for ATR: (1) Penny Pilot Options trading in one cent increments for options trading at less than $3.00 and increments of five cents for options trading at $3.00 or more, (2) Penny Pilot Options trading in one-cent increments for all prices, and (3) Non-Penny Pilot Options. --------------------------------------------------------------------------- Currently, the trading system calculates an appropriate reference price for an incoming order or quote when that order or quote rests or trades on the regular order book but not when orders are routed to an away market pursuant to the Linkage Plan without first trading on the Exchange. The Exchange now proposes to enhance its ATR protection by applying it to orders that are routed to away markets without first trading on the Exchange. As proposed, Rule 714(a)(1) will continue to provide that the reference price for the ATR protection is the NBB for sell orders/quotes and the NBO for buy orders/quotes. For clarity, however, the Exchange proposes to move this language to a separate bullet under proposed Rule 714(a)(1)(ii). In addition, proposed Rule 714(a)(1)(ii) will indicate that the reference price is calculated upon receipt of a new order or quote, provided that if the applicable NBB or NBO price is improved at the time an order is routed to an away market, a new reference price is calculated based on the NBB or NBO at that time. Although the Exchange will continue to use the NBB or NBO as the reference price for the ATR protection, the Exchange believes that it is appropriate to update the reference price if the applicable NBB or NBO price is improved at the time an order is routed to an away market. Orders that are routed to away markets are eligible for the ``Flash'' auction process described in Supplementary Material .02 to Rule 1901. When a Flash auction is initiated, members are given an opportunity to enter responses to trade with the order for a time period established by the Exchange not to exceed one (1) second.\5\ Because the applicable NBB or NBO price may change during the Flash auction, the Exchange believes that it is appropriate to consider the updated NBB or NBO price at the time the order is actually routed to an away market, if doing so would provide additional protection to the order--i.e., if the NBB or NBO price used as the reference price is improved at that time. If the NBB or NBO price is not improved, the ATR protection will continue to use the NBB or NBO price on entry as the reference price, thereby providing the maximum protection to the order. The following examples illustrate how the ATR protection will be applied to orders routed to away markets: --------------------------------------------------------------------------- \5\ Currently, the exposure period for the Flash auction is set to 150 milliseconds. --------------------------------------------------------------------------- Example 1 1. ATR threshold set to $0.15 for non-penny symbols 2. NBBO is $0.90 (35) x $1.00 (25): a. BATS: $0.90 (10) x $1.00 (25) b. CBOE: $0.90 (25) x $1.05 (25) c. MIAX: $0.85 (25) x $1.15 (25) d. ISE: $0.85 (50) x $1.20 (50) 3. Member enters a Limit Order to buy 200 contracts at $1.20 4. Flash auction initiated at a price of $1.00 5. CBOE quote improved establishing a new NBBO of $0.90 (35) x $0.95 (25): a. BATS: $0.90 (10) x $1.00 (25) b. CBOE: $0.90 (25) x $0.95 (25) c. MIAX: $0.85 (25) x $1.15 (25) d. ISE: $0.85 (50) x $1.20 (50) 6. No responses entered and Flash auction terminates and routes: a. 25 contracts to buy to CBOE at $0.95 b. 25 contracts to buy to BATS at $1.00 7. Because the NBO is improved at time of routing, the reference price is set to the improved NBO price of $0.95, establishing an Acceptable Trade Range of $1.10 8. The remaining balance of 150 contracts that cannot be executed within the Acceptable Trade Range is cancelled Example 2 1. ATR threshold set to $0.15 for non-penny symbols 2. NBBO is $0.90 (35) x $1.00 (25): a. BATS: $0.90 (10) x $1.00 (25) b. CBOE: $0.90 (25) x $1.05 (25) c. MIAX: $0.85 (25) x $1.15 (25) d. ISE: $0.85 (50) x $1.20 (50) 3. Member enters a Limit Order to buy 200 contracts at $1.20 4. Flash auction initiated at a price of $1.00 5. BATS quote worsened establishing a new NBBO of $0.90 (35) x $1.05 (50): a. BATS: $0.90 (10) x $1.05 (25) b. CBOE: $0.90 (25) x $1.05 (25) c. MIAX: $0.85 (25) x $1.15 (25) d. ISE: $0.85 (50) x $1.20 (50) 6. No responses entered and Flash auction terminates and routes: a. 25 contracts to buy to BATS at $1.05 b. 25 contracts to buy to CBOE at $1.05 c. 25 contracts to buy to MIAX at $1.15 7. Because the NBO is worsened at time of routing, the reference price is set to the initial NBO price of $1.00, establishing an Acceptable Trade Range of $1.15 8. The remaining balance of 125 contracts that cannot be executed within the Acceptable Trade Range is cancelled Implementation The Exchange proposes to launch the ATR functionality described in this proposed rule change no later than October 31, 2018. The Exchange will announce the implementation date of this functionality in an Options Trader Alert issued to members prior to the launch date. 2. Statutory Basis The Exchange believes that its proposal is consistent with Section 6(b) of the Act,\6\ in general, and furthers the objectives of Section 6(b)(5) of the Act,\7\ 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. --------------------------------------------------------------------------- \6\ 15 U.S.C. 78f(b). \7\ 15 U.S.C. 78f(b)(5). --------------------------------------------------------------------------- Specifically, the Exchange believes that the proposed rule change would remove impediments to and perfect the mechanism of a free and open market by enhancing the Exchange's ATR protection. The ATR functionality is designed to ensure that orders and quotes entered on the Exchange are executed at reasonable prices based on the applicable NBBO price on receipt. Currently, the Exchange's ATR protection calculates a reference price at the time an order or quote rests or trades locally but not when an order is routed to an away market pursuant to the Linkage Plan without first trading on the Exchange. To further protect orders that are subject to routing that have not traded on the Exchange, the Exchange is proposing to implement the ATR protection for those orders. The Exchange will continue to use the NBBO as the reference price for the ATR protection but now that the Exchange is protecting orders that are routed away pursuant to the Linkage Plan without trading on the Exchange, the Exchange proposes to use the NBBO price on routing instead of the NBBO on receipt only in those circumstances where the NBBO is improved at the time of routing. As described earlier in this proposed rule change, the Exchange operates a Flash auction that provides an opportunity for Members to match or improve the NBBO price prior to routing eligible orders to away markets. Since the NBBO price may change during the Flash auction's exposure period, the Exchange believes that the ATR protection should take improved NBBO prices into account when determining whether a particular price is a reasonable execution price. The Exchange believes, however, that a worsened NBBO price should not be considered as this would decrease rather than increase the protection [[Page 11256]] provided to such an order. In sum, the proposed changes to the ATR protection will protect investors and the public interest by providing additional protections designed to ensure that quotes and orders entered on the Exchange are executed at reasonable prices, and thereby perfect the mechanism of a free and open market and a national market system. B. Self-Regulatory Organization's Statement on Burden on Competition The Exchange 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 designed to enhance the Exchange's ATR protection by extending that protection to orders that are routed to away markets that did not first trade on the Exchange. The proposed protection will apply equally to all orders that are routed to away markets pursuant to the Linkage Plan. The Exchange believes that this change is the result of a competitive market where exchanges must continually improve the functionality offered to market participants in order to remain competitive. 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 Within 45 days of the date of publication of this notice in the Federal Register or within such longer period up to 90 days (i) as the Commission may designate if it finds such longer period to be appropriate and publishes its reasons for so finding or (ii) as to which the self-regulatory organization consents, the Commission will: (A) By order approve or disapprove such proposed rule change, or (B) institute proceedings to determine whether the proposed rule change should be 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 [email protected]. Please include File Number SR-ISE-2018-16 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-ISE-2018-16. 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-ISE-2018-16 and should be submitted on or before April 4, 2018. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.\8\ --------------------------------------------------------------------------- \8\ 17 CFR 200.30-3(a)(12). --------------------------------------------------------------------------- Eduardo A. Aleman, Assistant Secretary. [FR Doc. 2018-05163 Filed 3-13-18; 8:45 am] BILLING CODE 8011-01-P
![11254 Federal Register / Vol. 83, No. 50 / Wednesday, March 14, 2018 / Notices
maintain their competitive standing in Commission, and all written I. Self-Regulatory Organization’s
the financial markets. communications relating to the Statement of the Terms of Substance of
proposed rule change between the the Proposed Rule Change
(C) Self-Regulatory Organization’s
Statement on Comments on the Commission and any person, other than
The Exchange proposes to introduce
Proposed Rule Change Received From those that may be withheld from the
its Acceptable Trade Range protection
Members, Participants or Others public in accordance with the
for orders that are routed to away
provisions of 5 U.S.C. 552, will be
The Exchange has not solicited, and markets pursuant to the Options Order
available for website viewing and Protection and Locked/Crossed Markets
does not intend to solicit, comments on printing in the Commission’s Public
this proposed rule change. The Plan.
Reference Room, 100 F Street NE,
Exchange has not received any Washington, DC 20549, on official The text of the proposed rule change
unsolicited written comments from is available on the Exchange’s website at
business days between the hours of
Members or other interested parties. http://ise.cchwallstreet.com/, at the
10:00 a.m. and 3:00 p.m. Copies of such
principal office of the Exchange, and at
III. Date of Effectiveness of the filing will also be available for
the Commission’s Public Reference
Proposed Rule Change and Timing for inspection and copying at the principal
Room.
Commission Action office of the Exchange. All comments
The foregoing rule change has become received will be posted without change. II. Self-Regulatory Organization’s
effective pursuant to Section 19(b)(3)(A) Persons submitting comments are Statement of the Purpose of, and
of the Act 16 and paragraph (f) of Rule cautioned that we do not redact or edit Statutory Basis for, the Proposed Rule
19b–4 thereunder.17 At any time within personal identifying information from Change
60 days of the filing of the proposed rule comment submissions. You should In its filing with the Commission, the
change, the Commission summarily may submit only information that you wish Exchange included statements
temporarily suspend such rule change if to make available publicly. All concerning the purpose of and basis for
it appears to the Commission that such submissions should refer to File No. the proposed rule change and discussed
action is necessary or appropriate in the SR–CboeBZX–2018–XXX and should be any comments it received on the
public interest, for the protection of submitted on or before April 4, 2018. proposed rule change. The text of these
investors, or otherwise in furtherance of For the Commission, by the Division of statements may be examined at the
the purposes of the Act. Trading and Markets, pursuant to delegated places specified in Item IV below. The
IV. Solicitation of Comments authority.18 Exchange has prepared summaries, set
Eduardo A. Aleman, forth in sections A, B, and C below, of
Interested persons are invited to
Assistant Secretary.
the most significant aspects of such
submit written data, views and
statements.
arguments concerning the foregoing, [FR Doc. 2018–05079 Filed 3–13–18; 8:45 am]
including whether the proposal is BILLING CODE 8011–01–P A. Self-Regulatory Organization’s
consistent with the Act. Comments may Statement of the Purpose of, and
be submitted by any of the following Statutory Basis for, the Proposed Rule
methods: SECURITIES AND EXCHANGE Change
Electronic Comments COMMISSION 1. Purpose
• Use the Commission’s internet The Exchange offers an Acceptable
[Release No. 34–82846; File No. SR–ISE–
comment form (http://www.sec.gov/ Trade Range (‘‘ATR’’) protection that
2018–16]
rules/sro.shtml); or prevents the execution of quotes and
• Send an email to rule-comments@ Self-Regulatory Organizations; Nasdaq orders on the regular order book outside
sec.gov. Please include File No. SR– of set thresholds. The purpose of the
ISE, LLC; Notice of Filing of Proposed
CboeBZX–2018–015 on the subject line. proposed rule change is to enhance this
Rule Change To Introduce the ATR
Paper Comments Protection for Orders That Are Routed ATR protection for orders that are
to Away Markets routed to away markets pursuant to the
• Send paper comments in triplicate
Options Order Protection and Locked/
to Secretary, Securities and Exchange March 9, 2018. Crossed Markets Plan (‘‘Linkage Plan’’)
Commission, 100 F Street NE,
Pursuant to Section 19(b)(1) of the instead of being executed immediately
Washington, DC 20549–1090.
Securities Exchange Act of 1934 on the Exchange or resting on the
All submissions should refer to File No. regular order book.
SR–CboeBZX–2018–015. This file (‘‘Act’’),1 and Rule 19b–4 thereunder,2
notice is hereby given that on February As codified in Rule 714(b)(1), the
number should be included on the
23, 2018, Nasdaq ISE, LLC (‘‘ISE’’ or Exchange’s trading system calculates an
subject line if email is used. To help the
‘‘Exchange’’) filed with the Securities Acceptable Trade Range to limit the
Commission process and review your
and Exchange Commission range of prices at which an order or
comments more efficiently, please use
(‘‘Commission’’) the proposed rule quote will be allowed to execute.3 The
only one method. The Commission will
post all comments on the Commission’s change as described in Items I and II, Acceptable Trade Range is calculated by
internet website (http://www.sec.gov/ below, which Items have been prepared taking the reference price, plus or minus
rules/sro.shtml). Copies of the by the Exchange. The Commission is a value to be determined by the
daltland on DSKBBV9HB2PROD with NOTICES
submission, all subsequent publishing this notice to solicit Exchange (i.e., the reference price¥(x)
amendments, all written statements comments on the proposed rule change for sell orders/quotes and the reference
with respect to the proposed rule from interested persons.
3 The ATR protection is not available for Complex
change that are filed with the Orders that leg in to the regular order book, which
18 17 CFR 200.30–3(a)(12). are instead subject to the Price Level Protection
16 15 U.S.C. 78s(b)(3)(A). 1 15 U.S.C. 78s(b)(1). pursuant to Rule 714(a)(4), or for All-or-None
17 17 CFR 240.19b–4(f). 2 17 CFR 240.19b–4. orders.
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![11256 Federal Register / Vol. 83, No. 50 / Wednesday, March 14, 2018 / Notices
provided to such an order. In sum, the Electronic Comments SECURITIES AND EXCHANGE
proposed changes to the ATR protection COMMISSION
will protect investors and the public • Use the Commission’s internet
comment form (http://www.sec.gov/ [Release No. 34–82829; File No. SR–FINRA–
interest by providing additional 2018–012]
protections designed to ensure that rules/sro.shtml); or
quotes and orders entered on the • Send an email to rule-comments@ Self-Regulatory Organizations;
Exchange are executed at reasonable sec.gov. Please include File Number SR– Financial Industry Regulatory
prices, and thereby perfect the ISE–2018–16 on the subject line. Authority, Inc.; Notice of Filing and
mechanism of a free and open market Immediate Effectiveness of a Proposed
and a national market system. Paper Comments
Rule Change Relating To Eliminate the
B. Self-Regulatory Organization’s • Send paper comments in triplicate Fee for an Explained Decision
Statement on Burden on Competition to Secretary, Securities and Exchange March 8, 2018.
Commission, 100 F Street NE, Pursuant to Section 19(b)(1) of the
The Exchange does not believe that Washington, DC 20549–1090. Securities Exchange Act of 1934
the proposed rule change will impose
All submissions should refer to File (‘‘Act’’) 1 and Rule 19b–4 thereunder,2
any burden on competition that is not
Number SR–ISE–2018–16. This file notice is hereby given that on February
necessary or appropriate in furtherance 21, 2018, Financial Industry Regulatory
of the purposes of the Act. The number should be included on the
subject line if email is used. To help the Authority, Inc. (‘‘FINRA’’) filed with the
proposed rule change is designed to Securities and Exchange Commission
enhance the Exchange’s ATR protection Commission process and review your
(‘‘SEC’’ or ‘‘Commission’’) the proposed
by extending that protection to orders comments more efficiently, please use
rule change as described in Items I, II,
that are routed to away markets that did only one method. The Commission will
and III below, which Items have been
not first trade on the Exchange. The post all comments on the Commission’s
prepared by FINRA. FINRA has
proposed protection will apply equally internet website (http://www.sec.gov/ designated the proposed rule change as
to all orders that are routed to away rules/sro.shtml). Copies of the ‘‘establishing or changing a due, fee or
markets pursuant to the Linkage Plan. submission, all subsequent other charge’’ under Section
The Exchange believes that this change amendments, all written statements 19(b)(3)(A)(ii) of the Act 3 and Rule 19b–
is the result of a competitive market with respect to the proposed rule 4(f)(2) thereunder,4 which renders the
where exchanges must continually change that are filed with the proposal effective upon receipt of this
improve the functionality offered to Commission, and all written filing by the Commission. The
market participants in order to remain communications relating to the Commission is publishing this notice to
competitive. proposed rule change between the solicit comments on the proposed rule
C. Self-Regulatory Organization’s Commission and any person, other than change from interested persons.
Statement on Comments on the those that may be withheld from the
I. Self-Regulatory Organization’s
Proposed Rule Change Received From public in accordance with the
Statement of the Terms of Substance of
Members, Participants, or Others provisions of 5 U.S.C. 552, will be the Proposed Rule Change
available for website viewing and
No written comments were either printing in the Commission’s Public FINRA is proposing to amend FINRA
solicited or received. Reference Room, 100 F Street NE, Rules 12214(e)(1) and 12904(g)(5) of the
Washington, DC 20549, on official Code of Arbitration Procedure for
III. Date of Effectiveness of the Customer Disputes (‘‘Customer Code’’)
Proposed Rule Change and Timing for business days between the hours of
and FINRA Rules 13214(e)(1) and
Commission Action 10:00 a.m. and 3:00 p.m. Copies of the
13904(g)(5) of the Code of Arbitration
filing also will be available for
Procedure for Industry Disputes
Within 45 days of the date of inspection and copying at the principal (‘‘Industry Code’’) (together, ‘‘Codes’’) to
publication of this notice in the Federal office of the Exchange. All comments eliminate the $400 fee for an explained
Register or within such longer period received will be posted without change. decision.
up to 90 days (i) as the Commission may Persons submitting comments are Below is the text of the proposed rule
designate if it finds such longer period cautioned that we do not redact or edit change. Proposed new language is in
to be appropriate and publishes its personal identifying information from italics; proposed deletions are in
reasons for so finding or (ii) as to which comment submissions. You should brackets.
the self-regulatory organization submit only information that you wish
consents, the Commission will: * * * * *
to make available publicly. All
(A) By order approve or disapprove submissions should refer to File 12214. Payment of Arbitrators
such proposed rule change, or Number SR–ISE–2018–16 and should be (a)–(d) No change.
(B) institute proceedings to determine submitted on or before April 4, 2018. (e) Payment for Explained Decisions
whether the proposed rule change (1) The chairperson who is
For the Commission, by the Division of
should be disapproved. responsible for writing an explained
Trading and Markets, pursuant to delegated
decision pursuant to Rule 12904(g) will
authority.8
IV. Solicitation of Comments receive an additional honorarium of
Eduardo A. Aleman, $400. [The panel will allocate the cost
daltland on DSKBBV9HB2PROD with NOTICES
Interested persons are invited to Assistant Secretary. of the honorarium under Rule 12904(g)
submit written data, views, and [FR Doc. 2018–05163 Filed 3–13–18; 8:45 am] to the parties.]
arguments concerning the foregoing,
BILLING CODE 8011–01–P
including whether the proposed rule 1 15 U.S.C. 78s(b)(1).
change is consistent with the Act. 2 17 CFR 240.19b–4.
Comments may be submitted by any of 3 15 U.S.C. 78s(b)(3)(A)(ii).
the following methods: 8 17 CFR 200.30–3(a)(12). 4 17 CFR 240.19b–4(f)(2).
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Document Created: 2018-03-14 01:06:32
Document Modified: 2018-03-14 01:06:32
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
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| FR Citation | 83 FR 11254 |
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