83_FR_12485 83 FR 12430 - Joint Industry Plan; Notice of Filing and Immediate Effectiveness of Amendment to the National Market System Plan for the Selection and Reservation of Securities Symbols To Add Miami International Securities Exchange, LLC as a Party Thereto

83 FR 12430 - Joint Industry Plan; Notice of Filing and Immediate Effectiveness of Amendment to the National Market System Plan for the Selection and Reservation of Securities Symbols To Add Miami International Securities Exchange, LLC as a Party Thereto

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 83, Issue 55 (March 21, 2018)

Page Range12430-12431
FR Document2018-05645

Federal Register, Volume 83 Issue 55 (Wednesday, March 21, 2018) 
[Federal Register Volume 83, Number 55 (Wednesday, March 21, 2018)]
[Notices]
[Pages 12430-12431]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-05645]


-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-82885; File No. 4-533]


Joint Industry Plan; Notice of Filing and Immediate Effectiveness 
of Amendment to the National Market System Plan for the Selection and 
Reservation of Securities Symbols To Add Miami International Securities 
Exchange, LLC as a Party Thereto

March 15, 2018.
    Pursuant to Section 11A(a)(3) of the Securities Exchange Act of 
1934 (``Act'') \1\ and Rule 608 thereunder,\2\ notice is hereby given 
that on February 26, 2018, Miami International Securities Exchange, LLC 
(``MIAX'' or ``Exchange'') filed with the Securities and Exchange 
Commission (``Commission'') an amendment to the National Market System 
Plan for the Selection and Reservation of Securities Symbols 
(``Symbology Plan'' or ``Plan'').\3\ The amendment proposes to add MIAX 
as a party to the Symbology Plan. The Commission is publishing this 
notice to solicit comments on the proposed amendment from interested 
persons.
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78k-1(a)(3).
    \2\ 17 CFR 242.608.
    \3\ On November 6, 2008, the Commission approved the Symbology 
Plan that was originally proposed by the Chicago Stock Exchange, 
Inc. (``CHX''), The Nasdaq Stock Market, Inc. (n/k/a The Nasdaq 
Stock Market LLC) (``Nasdaq''), National Association of Securities 
Dealers, Inc. (``NASD'') (n/k/a Financial Industry Regulatory 
Authority, Inc. (``FINRA'')), National Stock Exchange, Inc. 
(``NSX'') (n/k/a NYSE National, Inc. (``NYSE National'')), and 
Philadelphia Stock Exchange, Inc. (n/k/a Nasdaq PHLX LLC 
(``Phlx'')), subject to certain changes. See Securities Exchange Act 
Release No. 58904, 73 FR 67218 (November 13, 2008) (File No. 4-533).
---------------------------------------------------------------------------

I. Description and Purpose of the Amendment

    The current parties to the Symbology Plan are BOX Options Exchange, 
LLC (``BOX''), Nasdaq BX, Inc. (``BX''), Cboe BZX Exchange, Inc. 
(``CboeBZX''), Cboe EDGA Exchange, Inc. (``CboeEDGA''), Cboe EDGX 
Exchange, Inc. (``CboeEDGX''), Cboe Exchange, Inc. (``Cboe''), CHX, 
FINRA, Investors Exchange, LLC (``IEX''), Nasdaq ISE, LLC (``ISE''), 
Nasdaq, New York Stock Exchange LLC (``NYSE''), NYSE American LLC 
(``NYSE American''), NYSE National, NYSE Arca, Inc. (``NYSE Arca''), 
and Phlx.\4\ The proposed amendment to the Symbology Plan would add 
MIAX as a party to the Symbology Plan. A self-regulatory organization 
(``SRO'') may become a party to the Symbology Plan if it satisfies the 
requirements of Section I(c) of the Plan. Specifically, an SRO may 
become a party to the Symbology Plan if: (i) It maintains a market for 
the listing or trading of Plan Securities \5\ in accordance with rules 
approved by the Commission; (ii) it signs a current copy of the Plan; 
and (iii) it pays to the other parties a proportionate share of the 
aggregate development costs, based upon the number of symbols reserved 
by the new party during the first twelve (12) months of such party's 
membership.\6\
---------------------------------------------------------------------------

    \4\ On November 18, 2008, ISE filed with the Commission an 
amendment to the Plan to add ISE as a member to the Plan. See 
Securities and Exchange Act Release No. 59024 (November 26, 2008), 
73 FR 74538 (December 8, 2008) (File No. 4-533). On December 22, 
2008, NYSE, NYSE Arca, and NYSE Alternext (n/k/a NYSE American) 
(``NYSE Group Exchanges''), and Cboe filed with the Commission 
amendments to the Plan to add the NYSE Group Exchanges and Cboe as 
members to the Plan. See Securities Exchange Act Release No. 59162 
(December 24, 2008), 74 FR 132 (January 2, 2009) (File No. 4-533). 
On December 24, 2008, BSE (n/k/a BX) filed with the Commission an 
amendment to the Plan to add BSE as a member to the Plan. See 
Securities Exchange Act Release No. 59187 (December 30, 2008), 74 FR 
729 (January 7, 2009) (File No. 4-533). On September 30, 2009, BATS 
(n/k/a CboeBZX) filed with the Commission an amendment to the Plan 
to add BATS as a member to the Plan. See Securities Exchange Act 
Release No. 60856 (October 21, 2009), 74 FR 55276 (October 27, 2009) 
(File No. 4-533). On July 7, 2010, EDGA (n/k/a CboeEDGA) and EDGX 
(n/k/a CboeEDGX) filed with the Commission an amendment to the Plan 
to add EDGA and EDGX, each as a party to the Symbology Plan. See 
Securities Exchange Act Release No. 62573 (July 26, 2010), 75 FR 
45682 (August 3, 2010) (File No. 4-533). On May 7, 2012, BOX filed 
with the Commission an amendment to the Plan to add BOX as a member 
to the Plan. See Securities and Exchange Act Release No. 66957 (May 
10, 2012), 77 FR 28904 (May 16, 2012). On November 4, 2016, IEX 
filed with the Commission an amendment to the Plan to add IEX as a 
member to the Plan. See Securities Exchange Act Release No. 79422 
(November 29, 2016), 81 FR 87645 (December 5, 2016).
    \5\ ``Plan Securities'' are defined in the Symbology Plan as 
securities that: (i) Are NMS securities as currently defined in Rule 
600(a)(46) under the Act; and (ii) any other equity securities 
quoted, traded and/or trade reported through an SRO facility.
    \6\ Sections I(c) and V(a) of the Plan.
---------------------------------------------------------------------------

    MIAX has submitted a signed copy of the Symbology Plan to the 
Commission in accordance with the requirement set forth in the 
Symbology Plan regarding new parties to the plan. Additionally, MIAX 
has represented that it maintains a market for the listing or trading 
of Plan Securities. Finally, MIAX has agreed to pay all costs required 
by MIAX pursuant to the Symbology Plan, including its proportionate 
share of the aggregate development costs previously paid by the other 
parties to the Processor.

II. Effectiveness of the Proposed Symbology Plan Amendment

    The foregoing proposed Symbology Plan amendment has become 
effective pursuant to Rule 608(b)(3)(iii) \7\ because it involves 
solely technical or

[[Page 12431]]

ministerial matters. At any time within sixty days of the filing of the 
amendment, the Commission may summarily abrogate the amendment and 
require that it be refiled pursuant to paragraph (b)(1) of Rule 608,\8\ 
if it appears to the Commission that such action is necessary or 
appropriate in the public interest, for the protection of investors or 
the maintenance of fair and orderly markets, to remove impediments to, 
and perfect the mechanisms of, a national market system or otherwise in 
furtherance of the purposes of the Act.
---------------------------------------------------------------------------

    \7\ 17 CFR 242.608(b)(3)(iii).
    \8\ 17 CFR 242.608(b)(1).
---------------------------------------------------------------------------

III. Solicitation of Comments

    Interested persons are invited to submit written data, views, and 
arguments concerning the foregoing, including whether the Amendment is 
consistent with the Act. Comments may be submitted by any of the 
following methods:

Electronic Comments

     Use the Commission's internet comment form (http://www.sec.gov/rules/sro.shtml); or
     Send an email to [email protected]. Please include 
File Number 4-533 on the subject line.

Paper Comments

     Send paper comments in triplicate to Brent J. Fields, 
Secretary, Securities and Exchange Commission, 100 F Street NE, 
Washington, DC 20549-1090.

All submissions should refer to File Number 4-533. 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 Plan that are filed with the Commission, 
and all written communications relating to the Plan 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 
such filing also will be available for inspection and copying at the 
Parties' principal offices. 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 4-533, 
and should be submitted on or before April 11, 2018.

    By the Commission.
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018-05645 Filed 3-20-18; 8:45 am]
 BILLING CODE 8011-01-P

12430 Federal Register / Vol. 83, No. 55 / Wednesday, March 21, 2018 / Notices data requests. Must indicate side(s) of Limit SECURITIES AND EXCHANGE proposed amendment to the Symbology State. COMMISSION Plan would add MIAX as a party to the 1. Market/marketable sell orders arrivals and Symbology Plan. A self-regulatory executions [Release No. 34–82885; File No. 4–533] organization (‘‘SRO’’) may become a a. Count party to the Symbology Plan if it b. Shares Joint Industry Plan; Notice of Filing and Immediate Effectiveness of satisfies the requirements of Section I(c) c. Shares executed of the Plan. Specifically, an SRO may 2. Market/marketable buy orders arrivals and Amendment to the National Market System Plan for the Selection and become a party to the Symbology Plan executions if: (i) It maintains a market for the listing a. Count Reservation of Securities Symbols To Add Miami International Securities or trading of Plan Securities 5 in b. Shares c. Shares executed Exchange, LLC as a Party Thereto accordance with rules approved by the 3. Count arriving, volume arriving and shares Commission; (ii) it signs a current copy executing in limit sell orders above March 15, 2018. of the Plan; and (iii) it pays to the other NBBO mid-point Pursuant to Section 11A(a)(3) of the parties a proportionate share of the 4. Count arriving, volume arriving and shares Securities Exchange Act of 1934 aggregate development costs, based executing in limit sell orders at or below (‘‘Act’’) 1 and Rule 608 thereunder,2 upon the number of symbols reserved NBBO mid-point (non-marketable) notice is hereby given that on February by the new party during the first twelve 5. Count arriving, volume arriving and shares 26, 2018, Miami International Securities (12) months of such party’s executing in limit buy orders at or above Exchange, LLC (‘‘MIAX’’ or ‘‘Exchange’’) membership.6 NBBO mid-point (non-marketable) filed with the Securities and Exchange MIAX has submitted a signed copy of 6. Count arriving, volume arriving and shares Commission (‘‘Commission’’) an the Symbology Plan to the Commission executing in limit buy orders below in accordance with the requirement set amendment to the National Market NBBO mid-point forth in the Symbology Plan regarding System Plan for the Selection and 7. Count and volume arriving of limit sell new parties to the plan. Additionally, orders priced at or above NBBO mid- Reservation of Securities Symbols (‘‘Symbology Plan’’ or ‘‘Plan’’).3 The MIAX has represented that it maintains point plus $0.05 a market for the listing or trading of Plan 8. Count and volume arriving of limit buy amendment proposes to add MIAX as a party to the Symbology Plan. The Securities. Finally, MIAX has agreed to orders priced at or below NBBO mid- point minus $0.05 Commission is publishing this notice to pay all costs required by MIAX pursuant 9. Count and volume of (3–8) for cancels solicit comments on the proposed to the Symbology Plan, including its 10. Include: Ticker, date, time at start, time amendment from interested persons. proportionate share of the aggregate of Limit State, all data item fields in 1, development costs previously paid by last sale prior to 15-second period (null I. Description and Purpose of the the other parties to the Processor. if no trades today), range during 15- Amendment II. Effectiveness of the Proposed second period, last trade during 15- The current parties to the Symbology Symbology Plan Amendment second period Plan are BOX Options Exchange, LLC (‘‘BOX’’), Nasdaq BX, Inc. (‘‘BX’’), Cboe The foregoing proposed Symbology III. On May 28, 2015, Participants Provided Plan amendment has become effective to the SEC a Supplemental Joint Assessment BZX Exchange, Inc. (‘‘CboeBZX’’), Cboe Relating to the Impact of the Plan and EDGA Exchange, Inc. (‘‘CboeEDGA’’), pursuant to Rule 608(b)(3)(iii) 7 because Calibration of the Percentage Parameters as Cboe EDGX Exchange, Inc. it involves solely technical or Follows (‘‘CboeEDGX’’), Cboe Exchange, Inc. the Plan. See Securities Exchange Act Release No. A. Assess the statistical and economic (‘‘Cboe’’), CHX, FINRA, Investors 59162 (December 24, 2008), 74 FR 132 (January 2, impact on liquidity of approaching Price Exchange, LLC (‘‘IEX’’), Nasdaq ISE, 2009) (File No. 4–533). On December 24, 2008, BSE Bands. LLC (‘‘ISE’’), Nasdaq, New York Stock (n/k/a BX) filed with the Commission an B. Assess the statistical and economic amendment to the Plan to add BSE as a member to Exchange LLC (‘‘NYSE’’), NYSE the Plan. See Securities Exchange Act Release No. impact of the Price Bands on erroneous American LLC (‘‘NYSE American’’), 59187 (December 30, 2008), 74 FR 729 (January 7, trades. NYSE National, NYSE Arca, Inc. 2009) (File No. 4–533). On September 30, 2009, C. Assess the statistical and economic (‘‘NYSE Arca’’), and Phlx.4 The BATS (n/k/a CboeBZX) filed with the Commission impact of the appropriateness of the an amendment to the Plan to add BATS as a Percentage Parameters used for the Price member to the Plan. See Securities Exchange Act 1 15 U.S.C. 78k–1(a)(3). Bands. Release No. 60856 (October 21, 2009), 74 FR 55276 2 17 CFR 242.608. (October 27, 2009) (File No. 4–533). On July 7, D. Assess whether the Limit State is the 3 On November 6, 2008, the Commission 2010, EDGA (n/k/a CboeEDGA) and EDGX (n/k/a appropriate length to allow for liquidity approved the Symbology Plan that was originally CboeEDGX) filed with the Commission an replenishment when a Limit State is reached proposed by the Chicago Stock Exchange, Inc. amendment to the Plan to add EDGA and EDGX, because of a temporary liquidity gap. (‘‘CHX’’), The Nasdaq Stock Market, Inc. (n/k/a The each as a party to the Symbology Plan. See E. Evaluate concerns from the options Nasdaq Stock Market LLC) (‘‘Nasdaq’’), National Securities Exchange Act Release No. 62573 (July 26, markets regarding the statistical and Association of Securities Dealers, Inc. (‘‘NASD’’) (n/ 2010), 75 FR 45682 (August 3, 2010) (File No. 4– k/a Financial Industry Regulatory Authority, Inc. 533). On May 7, 2012, BOX filed with the economic impact of Limit States on liquidity (‘‘FINRA’’)), National Stock Exchange, Inc. (‘‘NSX’’) Commission an amendment to the Plan to add BOX and market quality in the options markets. (n/k/a NYSE National, Inc. (‘‘NYSE National’’)), and as a member to the Plan. See Securities and (Participants that operate options exchange Philadelphia Stock Exchange, Inc. (n/k/a Nasdaq Exchange Act Release No. 66957 (May 10, 2012), 77 should also prepare such assessment reports.) PHLX LLC (‘‘Phlx’’)), subject to certain changes. See FR 28904 (May 16, 2012). On November 4, 2016, F. Assess whether the process for entering Securities Exchange Act Release No. 58904, 73 FR IEX filed with the Commission an amendment to 67218 (November 13, 2008) (File No. 4–533). the Plan to add IEX as a member to the Plan. See a Limit State should be adjusted and whether 4 On November 18, 2008, ISE filed with the Securities Exchange Act Release No. 79422 sradovich on DSK3GMQ082PROD with NOTICES Straddle States are problematic. (November 29, 2016), 81 FR 87645 (December 5, Commission an amendment to the Plan to add ISE G. Assess whether the process for exiting as a member to the Plan. See Securities and 2016). a Limit State should be adjusted. Exchange Act Release No. 59024 (November 26, 5 ‘‘Plan Securities’’ are defined in the Symbology H. Assess whether the Trading Pauses are 2008), 73 FR 74538 (December 8, 2008) (File No. 4– Plan as securities that: (i) Are NMS securities as too long or short and whether the reopening 533). On December 22, 2008, NYSE, NYSE Arca, currently defined in Rule 600(a)(46) under the Act; procedures should be adjusted. and NYSE Alternext (n/k/a NYSE American) and (ii) any other equity securities quoted, traded (‘‘NYSE Group Exchanges’’), and Cboe filed with and/or trade reported through an SRO facility. [FR Doc. 2018–05660 Filed 3–20–18; 8:45 am] the Commission amendments to the Plan to add the 6 Sections I(c) and V(a) of the Plan. BILLING CODE 8011–01–P NYSE Group Exchanges and Cboe as members to 7 17 CFR 242.608(b)(3)(iii). VerDate Sep<11>2014 18:34 Mar 20, 2018 Jkt 244001 PO 00000 Frm 00098 Fmt 4703 Sfmt 4703 E:\FR\FM\21MRN1.SGM 21MRN1

Federal Register / Vol. 83, No. 55 / Wednesday, March 21, 2018 / Notices 12431 ministerial matters. At any time within identifying information from comment 100 F Street NE, Washington, DC sixty days of the filing of the submissions. You should submit only 20549–1090. amendment, the Commission may information that you wish to make summarily abrogate the amendment and available publicly. All submissions All submissions should refer to File No. require that it be refiled pursuant to should refer to File Number 4–533, and 265–30. This file number should be paragraph (b)(1) of Rule 608,8 if it should be submitted on or before April included on the subject line if email is appears to the Commission that such 11, 2018. used. To help us process and review action is necessary or appropriate in the your statement more efficiently, please By the Commission. public interest, for the protection of use only one method. The Commission Eduardo A. Aleman, investors or the maintenance of fair and will post all statements on the Assistant Secretary. Commission’s internet website at SEC orderly markets, to remove impediments to, and perfect the mechanisms of, a [FR Doc. 2018–05645 Filed 3–20–18; 8:45 am] website at (http://www.sec.gov/ national market system or otherwise in BILLING CODE 8011–01–P comments/265-30/265-30.shtml). furtherance of the purposes of the Act. Statements also will be available for III. Solicitation of Comments SECURITIES AND EXCHANGE website viewing and printing in the Interested persons are invited to COMMISSION Commission’s Public Reference Room, submit written data, views, and 100 F Street NE, Room 1580, [Release No. 34–82884; File No. 265–30] arguments concerning the foregoing, Washington, DC 20549, on official including whether the Amendment is Meeting of the Fixed Income Market business days between the hours of consistent with the Act. Comments may Structure Advisory Committee 10:00 a.m. and 3:00 p.m. All statements be submitted by any of the following received will be posted without change. methods: AGENCY: Securities and Exchange Persons submitting comments are Commission. cautioned that we do not redact or edit Electronic Comments ACTION: Notice of meeting. personal identifying information from • Use the Commission’s internet submissions. You should submit only comment form (http://www.sec.gov/ SUMMARY: The Securities and Exchange information that you wish to make rules/sro.shtml); or Commission Fixed Income Market available publicly. • Send an email to rule-comments@ Structure Advisory Committee is sec.gov. Please include File Number 4– providing notice that it will hold a FOR FURTHER INFORMATION CONTACT: 533 on the subject line. public meeting on Monday, April 9, David Dimitrious, Senior Special 2018, in Multi-Purpose Room LL–006 at Counsel, at (202) 551–5131, or Benjamin Paper Comments the Commission’s headquarters, 100 F Bernstein, Attorney-Adviser, at (202) • Send paper comments in triplicate Street NE, Washington, DC. The meeting 551–5354, Division of Trading and to Brent J. Fields, Secretary, Securities will begin at 9:30 a.m. (EDT) and will Markets, Securities and Exchange and Exchange Commission, 100 F Street be open to the public. The public Commission, 100 F Street NE, NE, Washington, DC 20549–1090. portions of the meeting will be webcast Washington, DC 20549–3628. All submissions should refer to File on the Commission’s website at Number 4–533. This file number should www.sec.gov. Persons needing special SUPPLEMENTARY INFORMATION: In be included on the subject line if email accommodations to take part because of accordance with Section 10(a) of the is used. To help the Commission a disability should notify the contact Federal Advisory Committee Act, 5 process and review your comments person listed below. The public is U.S.C.-App. 1, and the regulations more efficiently, please use only one invited to submit written statements to thereunder, Brett Redfearn, Designated method. The Commission will post all the Committee. The meeting will focus Federal Officer of the Committee, has comments on the Commission’s internet on updates and presentations from the ordered publication of this notice. website (http://www.sec.gov/rules/ three subcommittees. Dated: March 15, 2018. sro.shtml). Copies of the submission, all DATES: The public meeting will be held subsequent amendments, all written Brent J. Fields, on Monday, April 9, 2018. Written statements with respect to the Plan that statements should be received on or Committee Management Officer. are filed with the Commission, and all before April 4, 2018. [FR Doc. 2018–05643 Filed 3–20–18; 8:45 am] written communications relating to the ADDRESSES: The meeting will be held at BILLING CODE 8011–01–P Plan between the Commission and any the Commission’s headquarters, 100 F person, other than those that may be Street NE, Washington, DC. Written withheld from the public in accordance statements may be submitted by any of with the provisions of 5 U.S.C. 552, will the following methods: be available for website viewing and printing in the Commission’s Public Electronic Statements Reference Room, 100 F Street NE, • Use the Commission’s internet Washington, DC 20549 on official submission form (http://www.sec.gov/ business days between the hours of rules/other.shtml); or 10:00 a.m. and 3:00 p.m. Copies of such • Send an email message to rule- sradovich on DSK3GMQ082PROD with NOTICES filing also will be available for comments@sec.gov. Please include File inspection and copying at the Parties’ Number 265–30 on the subject line; or principal offices. All comments received will be posted without change. Persons Paper Statements submitting comments are cautioned that • Send paper statements in triplicate we do not redact or edit personal to Brent J. Fields, Federal Advisory Committee Management Officer, 8 17 CFR 242.608(b)(1). Securities and Exchange Commission, VerDate Sep<11>2014 18:34 Mar 20, 2018 Jkt 244001 PO 00000 Frm 00099 Fmt 4703 Sfmt 9990 E:\FR\FM\21MRN1.SGM 21MRN1


Document Created: 2018-03-21 00:45:41
Document Modified: 2018-03-21 00:45:41
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
FR Citation83 FR 12430 
2025 Federal Register | Disclaimer | Privacy Policy
USC | CFR | eCFR