83_FR_14769 83 FR 14703 - Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Clarify the Requirements for Delivery of a Contrary Exercise Advice

83 FR 14703 - Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Clarify the Requirements for Delivery of a Contrary Exercise Advice

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 83, Issue 66 (April 5, 2018)

Page Range14703-14705
FR Document2018-06912

Federal Register, Volume 83 Issue 66 (Thursday, April 5, 2018)
[Federal Register Volume 83, Number 66 (Thursday, April 5, 2018)]
[Notices]
[Pages 14703-14705]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-06912]


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

SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-82969; File No. SR-NASDAQ-2018-024]


Self-Regulatory Organizations; The Nasdaq Stock Market LLC; 
Notice of Filing and Immediate Effectiveness of Proposed Rule Change To 
Clarify the Requirements for Delivery of a Contrary Exercise Advice

March 30, 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 March 20, 2018, The Nasdaq Stock Market LLC (``Nasdaq'' or 
``Exchange'') filed with the Securities and Exchange Commission 
(``Commission'') the 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 240.19b-4.
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I. Self-Regulatory Organization's Statement of the Terms of Substance 
of the Proposed Rule Change

    The Exchange proposes to amend the rules of the Nasdaq Options 
Market LLC (``NOM''), at Chapter VIII, Exercises and Deliveries.
    The text of the proposed rule change is available on the Exchange's 
website at http://nasdaq.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 proposes to correct Chapter VIII, Exercises and 
Deliveries, Section 1, Exercise of Options Contracts, to clarify the 
requirements for delivery of a Contrary Exercise Advice. Section 1(b) 
currently provides that option holders desiring to exercise or not 
exercise expiring options must either (i) take no action and allow 
exercise determinations to be made in accordance with the Options 
Clearing Corporation's Ex-by-Ex procedure where applicable, or (ii) 
submit a ``Contrary Exercise Advice'' to the Options Clearing 
Corporation through the participant's clearing firm. In actual 
practice, however, an option holder delivers a Contrary Exchange Advice 
to the Exchange, not to the Options Clearing Corporation. The Exchange 
therefore proposes to replace the words ``Options Clearing Corporation 
through the participants clearing firm'' in Section 1(b)(ii) with a 
reference to the Exchange and make similar, conforming changes to 
Section 1(e)(i). As amended, Section 1(b) would be consistent with 
Nasdaq ISE Rule 1100(b) which directs option holders to submit Contrary 
Exercise Advices to the Exchange (not to the Options Clearing 
Corporation).
    The Exchange proposes to further replace the words ``by the 
deadline specified in paragraph (d) below'' with the words ``as 
specified in paragraph (d) below'' given that paragraph (d) contains a 
number of requirements associated with submission of Contrary Exercise 
Advices in addition to the deadline. As revised, Section (b)(ii) tracks 
the language of ISE Rule 1100(b)(ii) which permits an options holder 
desiring to exercise or not

[[Page 14704]]

exercise expiring options to ``submit a ``Contrary Exercise Advice'' to 
the Exchange as specified in paragraph (d) . . . .'' (which, like the 
counterpart NOM paragraph (d) rule, specifies various requirements 
associated with submitting Contrary Exercise Advices).
    Finally, the Exchange proposes to make a number of nonsubstantive 
revisions to Chapter VIII which are designed simply to facilitate 
administration of the rules. References to ``NOM'' and to ``Nasdaq 
Regulation'' are proposed to be replaced with references to ``the 
Exchange.'' \3\ Substituting the word ``Exchange'' for NOM in various 
places will provide the Exchange flexibility to determine the most 
appropriate department or individual within the Exchange to oversee the 
particular rule, and will also facilitate the incorporation by 
reference of the amended rule into the rules of NOM's affiliated 
exchanges in the future.\4\
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    \3\ The changes are proposed to be made in Section 1(b), (d), 
(e), (f), (g), (h), (i) (k) and (l), as well as in Section 2(a) and 
(b), of Chapter VIII. The Exchange notes that Chapter 11, Exercises 
and Deliveries, of the ISE Rulebook likewise uses the generic term 
``the Exchange'' throughout that chapter.
    \4\ Recently, the Exchange added a shell structure to its 
Rulebook with the purpose of improving efficiency and readability 
and to align its rules closer to those of its five sister exchanges, 
Nasdaq BX, Inc.; Nasdaq PHLX LLC; Nasdaq ISE, LLC; Nasdaq GEMX, LLC; 
and Nasdaq MRX, LLC (``Affiliated Exchanges''). See Securities 
Exchange Act Release No. 82175 (November 29, 2017), 82 FR 57494 
(December 5, 2017) (SR-NASDAQ-2017-125). The changes proposed herein 
are being made in connection with that effort, to align the NOM 
rules with those of the Affiliated Exchanges more closely.
---------------------------------------------------------------------------

2. Statutory Basis
    The Exchange believes that its proposal 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 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, 
by identifying the correct entity to which option holders must deliver 
Contrary Exercise Advices and by substituting the word ``Exchange'' for 
NOM in various places which will enable the amended rule to be 
incorporated by reference into rules of affiliated exchanges in the 
future, which should enhance the ability of members of NOM and 
affiliated exchanges to understand and comply with a uniform set of 
rules across the exchanges.
---------------------------------------------------------------------------

    \5\ 15 U.S.C. 78f(b).
    \6\ 15 U.S.C. 78f(b)(5).
---------------------------------------------------------------------------

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 not necessary or appropriate in 
furtherance of the purposes of the Act. The proposed rule changes will 
apply equally to all option holders desiring to exercise options under 
the NOM rules. Further, the proposed changes merely correct an 
incorrect reference to OCC and conform the wording of the rule more 
closely to that of a NOM rule for the sake of administrative 
convenience. The Exchange does not intend for or expect that such 
changes will have any impact on competition.

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) 
become operative for 30 days from the date on which it was filed, or 
such shorter time as the Commission may designate, it has become 
effective pursuant to Section 19(b)(3)(A)(iii) of the Act \7\ and 
subparagraph (f)(6) of Rule 19b-4 thereunder.\8\
---------------------------------------------------------------------------

    \7\ 15 U.S.C. 78s(b)(3)(A)(iii).
    \8\ 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: (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. 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 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 SR-NASDAQ-2018-024 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-NASDAQ-2018-024. 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-NASDAQ-2018-024, and should be submitted 
on or before April 26, 2018.


[[Page 14705]]


    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\9\
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    \9\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------

Eduardo Aleman,
Assistant Secretary.
[FR Doc. 2018-06912 Filed 4-4-18; 8:45 am]
 BILLING CODE 8011-01-P



                                                                            Federal Register / Vol. 83, No. 66 / Thursday, April 5, 2018 / Notices                                            14703

                                               • Send an email to rule-comments@                     finding that the proposal is consistent                 the Commission’s Public Reference
                                             sec.gov. Please include File Number SR–                 with the Act. Accordingly, the                          Room.
                                             NYSEArca–2017–99 on the subject line.                   Commission finds good cause, pursuant
                                                                                                                                                             II. Self-Regulatory Organization’s
                                                                                                     to Section 19(b)(2) of the Act,34 to
                                             Paper Comments                                                                                                  Statement of the Purpose of, and
                                                                                                     approve the proposed rule change, as
                                                • Send paper comments in triplicate                                                                          Statutory Basis for, the Proposed Rule
                                                                                                     modified by Amendment No. 3, on an
                                             to Secretary, Securities and Exchange                                                                           Change
                                                                                                     accelerated basis.
                                             Commission, 100 F Street NE,                                                                                      In its filing with the Commission, the
                                             Washington, DC 20549–1090.                              VI. Conclusion                                          Exchange included statements
                                             All submissions should refer to File                      It is therefore ordered, pursuant to                  concerning the purpose of and basis for
                                             Number SR–NYSEArca–2017–99. This                        Section 19(b)(2) of the Act,35 that the                 the proposed rule change and discussed
                                             file number should be included on the                   proposed rule change (SR–NYSEArca–                      any comments it received on the
                                             subject line if email is used. To help the              2017–99), as modified by Amendment                      proposed rule change. The text of these
                                             Commission process and review your                      No. 3 be, and hereby is, approved on an                 statements may be examined at the
                                             comments more efficiently, please use                   accelerated basis.                                      places specified in Item IV below. The
                                             only one method. The Commission will                      For the Commission, by the Division of                Exchange has prepared summaries, set
                                             post all comments on the Commission’s                   Trading and Markets, pursuant to delegated              forth in sections A, B, and C below, of
                                             internet website (http://www.sec.gov/                   authority.36                                            the most significant aspects of such
                                             rules/sro.shtml). Copies of the                         Eduardo Aleman,                                         statements.
                                             submission, all subsequent                              Assistant Secretary.
                                             amendments, all written statements                                                                              A. Self-Regulatory Organization’s
                                             with respect to the proposed rule
                                                                                                     [FR Doc. 2018–06914 Filed 4–4–18; 8:45 am]              Statement of the Purpose of, and
                                             change that are filed with the                          BILLING CODE 8011–01–P                                  Statutory Basis for, the Proposed Rule
                                             Commission, and all written                                                                                     Change
                                             communications relating to the                          SECURITIES AND EXCHANGE                                 1. Purpose
                                             proposed rule change between the                        COMMISSION                                                 The Exchange proposes to correct
                                             Commission and any person, other than
                                                                                                     [Release No. 34–82969; File No. SR–                     Chapter VIII, Exercises and Deliveries,
                                             those that may be withheld from the
                                                                                                     NASDAQ–2018–024]                                        Section 1, Exercise of Options Contracts,
                                             public in accordance with the
                                             provisions of 5 U.S.C. 552, will be                                                                             to clarify the requirements for delivery
                                             available for website viewing and                       Self-Regulatory Organizations; The                      of a Contrary Exercise Advice. Section
                                             printing in the Commission’s Public                     Nasdaq Stock Market LLC; Notice of                      1(b) currently provides that option
                                             Reference Room, 100 F Street NE,                        Filing and Immediate Effectiveness of                   holders desiring to exercise or not
                                             Washington, DC 20549, on official                       Proposed Rule Change To Clarify the                     exercise expiring options must either (i)
                                             business days between the hours of                      Requirements for Delivery of a                          take no action and allow exercise
                                             10:00 a.m. and 3:00 p.m. Copies of the                  Contrary Exercise Advice                                determinations to be made in
                                             filing also will be available for                                                                               accordance with the Options Clearing
                                                                                                     March 30, 2018.                                         Corporation’s Ex-by-Ex procedure where
                                             inspection and copying at the principal                    Pursuant to Section 19(b)(1) of the
                                             office of the Exchange. All comments                                                                            applicable, or (ii) submit a ‘‘Contrary
                                                                                                     Securities Exchange Act of 1934                         Exercise Advice’’ to the Options
                                             received will be posted without change.                 (‘‘Act’’),1 and Rule 19b–4 thereunder,2
                                             Persons submitting comments are                                                                                 Clearing Corporation through the
                                                                                                     notice is hereby given that on March 20,                participant’s clearing firm. In actual
                                             cautioned that we do not redact or edit                 2018, The Nasdaq Stock Market LLC
                                             personal identifying information from                                                                           practice, however, an option holder
                                                                                                     (‘‘Nasdaq’’ or ‘‘Exchange’’) filed with the             delivers a Contrary Exchange Advice to
                                             comment submissions. You should                         Securities and Exchange Commission
                                             submit only information that you wish                                                                           the Exchange, not to the Options
                                                                                                     (‘‘Commission’’) the proposed rule                      Clearing Corporation. The Exchange
                                             to make available publicly. All                         change as described in Items I, II, and
                                             submissions should refer to File                                                                                therefore proposes to replace the words
                                                                                                     III below, which Items have been                        ‘‘Options Clearing Corporation through
                                             Number SR–NYSEArca–2017–99, and                         prepared by the Exchange. The
                                             should be submitted on or before April                                                                          the participants clearing firm’’ in
                                                                                                     Commission is publishing this notice to                 Section 1(b)(ii) with a reference to the
                                             26, 2018.                                               solicit comments on the proposed rule                   Exchange and make similar, conforming
                                             V. Accelerated Approval of Proposed                     change from interested persons.                         changes to Section 1(e)(i). As amended,
                                             Rule Change, as Modified by                                                                                     Section 1(b) would be consistent with
                                                                                                     I. Self-Regulatory Organization’s
                                             Amendment No. 3                                                                                                 Nasdaq ISE Rule 1100(b) which directs
                                                                                                     Statement of the Terms of Substance of
                                               The Commission finds good cause to                    the Proposed Rule Change                                option holders to submit Contrary
                                             approve the proposed rule change, as                                                                            Exercise Advices to the Exchange (not to
                                                                                                        The Exchange proposes to amend the
                                             modified by Amendment No. 3, prior to                                                                           the Options Clearing Corporation).
                                                                                                     rules of the Nasdaq Options Market LLC
                                             the thirtieth day after the date of                                                                                The Exchange proposes to further
                                                                                                     (‘‘NOM’’), at Chapter VIII, Exercises and
                                             publication of notice of the filing of                                                                          replace the words ‘‘by the deadline
                                                                                                     Deliveries.
                                             Amendment No. 3 in the Federal                                                                                  specified in paragraph (d) below’’ with
                                                                                                        The text of the proposed rule change
                                             Register. The Commission notes that                                                                             the words ‘‘as specified in paragraph (d)
                                                                                                     is available on the Exchange’s website at
                                             Amendment No. 3 clarified the                                                                                   below’’ given that paragraph (d)
                                                                                                     http://nasdaq.cchwallstreet.com, at the
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                                             application of NYSE Arca Rule 8.600–E                                                                           contains a number of requirements
                                                                                                     principal office of the Exchange, and at
                                             to the Fund’s investments. Amendment                                                                            associated with submission of Contrary
                                             No. 3 also provided other clarifications                  34 15    U.S.C. 78s(b)(2).
                                                                                                                                                             Exercise Advices in addition to the
                                             and additional information to the                         35 Id.                                                deadline. As revised, Section (b)(ii)
                                             proposed rule change. The changes and                     36 17 CFR 200.30–3(a)(12).                            tracks the language of ISE Rule
                                             additional information in Amendment                       1 15 U.S.C. 78s(b)(1).                                1100(b)(ii) which permits an options
                                             No. 3 assisted the Commission in                          2 17 CFR 240.19b–4.                                   holder desiring to exercise or not


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                                             14704                              Federal Register / Vol. 83, No. 66 / Thursday, April 5, 2018 / Notices

                                             exercise expiring options to ‘‘submit a                      comply with a uniform set of rules                        IV. Solicitation of Comments
                                             ‘‘Contrary Exercise Advice’’ to the                          across the exchanges.
                                             Exchange as specified in paragraph (d)                                                                                   Interested persons are invited to
                                             . . . .’’ (which, like the counterpart                       B. Self-Regulatory Organization’s                         submit written data, views, and
                                             NOM paragraph (d) rule, specifies                            Statement on Burden on Competition                        arguments concerning the foregoing,
                                             various requirements associated with                                                                                   including whether the proposed rule
                                                                                                            The Exchange does not believe that
                                             submitting Contrary Exercise Advices).                                                                                 change is consistent with the Act.
                                                                                                          the proposed rule change will impose
                                                Finally, the Exchange proposes to                         any burden on competition not                             Comments may be submitted by any of
                                             make a number of nonsubstantive                              necessary or appropriate in furtherance                   the following methods:
                                             revisions to Chapter VIII which are                          of the purposes of the Act. The                           Electronic Comments
                                             designed simply to facilitate                                proposed rule changes will apply
                                             administration of the rules. References                      equally to all option holders desiring to                   • Use the Commission’s internet
                                             to ‘‘NOM’’ and to ‘‘Nasdaq Regulation’’                      exercise options under the NOM rules.                     comment form (http://www.sec.gov/
                                             are proposed to be replaced with                             Further, the proposed changes merely                      rules/sro.shtml); or
                                             references to ‘‘the Exchange.’’ 3                            correct an incorrect reference to OCC
                                             Substituting the word ‘‘Exchange’’ for                                                                                   • Send an email to rule-comments@
                                                                                                          and conform the wording of the rule                       sec.gov. Please include File Number SR–
                                             NOM in various places will provide the                       more closely to that of a NOM rule for
                                             Exchange flexibility to determine the                                                                                  NASDAQ–2018–024 on the subject line.
                                                                                                          the sake of administrative convenience.
                                             most appropriate department or                               The Exchange does not intend for or                       Paper Comments
                                             individual within the Exchange to                            expect that such changes will have any
                                             oversee the particular rule, and will also                   impact on competition.                                      • Send paper comments in triplicate
                                             facilitate the incorporation by reference                                                                              to Secretary, Securities and Exchange
                                             of the amended rule into the rules of                        C. Self-Regulatory Organization’s                         Commission, 100 F Street NE,
                                             NOM’s affiliated exchanges in the                            Statement on Comments on the                              Washington, DC 20549–1090.
                                             future.4                                                     Proposed Rule Change Received From
                                                                                                          Members, Participants, or Others                          All submissions should refer to File
                                             2. Statutory Basis                                                                                                     Number SR–NASDAQ–2018–024. This
                                                The Exchange believes that its                              No written comments were either                         file number should be included on the
                                             proposal is consistent with Section 6(b)                     solicited or received.                                    subject line if email is used. To help the
                                             of the Act,5 in general, and furthers the                    III. Date of Effectiveness of the                         Commission process and review your
                                             objectives of Section 6(b)(5) of the Act,6                   Proposed Rule Change and Timing for                       comments more efficiently, please use
                                             in particular, in that it is designed to                     Commission Action                                         only one method. The Commission will
                                             promote just and equitable principles of                                                                               post all comments on the Commission’s
                                             trade, to remove impediments to and                            Because the foregoing proposed rule                     internet website (http://www.sec.gov/
                                             perfect the mechanism of a free and                          change does not: (i) Significantly affect                 rules/sro.shtml). Copies of the
                                             open market and a national market                            the protection of investors or the public                 submission, all subsequent
                                             system, and, in general to protect                           interest; (ii) impose any significant                     amendments, all written statements
                                             investors and the public interest, by                        burden on competition; and (iii) become                   with respect to the proposed rule
                                             identifying the correct entity to which                      operative for 30 days from the date on                    change that are filed with the
                                             option holders must deliver Contrary                         which it was filed, or such shorter time                  Commission, and all written
                                             Exercise Advices and by substituting the                     as the Commission may designate, it has                   communications relating to the
                                             word ‘‘Exchange’’ for NOM in various                         become effective pursuant to Section                      proposed rule change between the
                                             places which will enable the amended                         19(b)(3)(A)(iii) of the Act 7 and
                                             rule to be incorporated by reference into                                                                              Commission and any person, other than
                                                                                                          subparagraph (f)(6) of Rule 19b–4                         those that may be withheld from the
                                             rules of affiliated exchanges in the                         thereunder.8
                                             future, which should enhance the                                                                                       public in accordance with the
                                             ability of members of NOM and                                   At any time within 60 days of the                      provisions of 5 U.S.C. 552, will be
                                             affiliated exchanges to understand and                       filing of the proposed rule change, the                   available for website viewing and
                                                                                                          Commission summarily may                                  printing in the Commission’s Public
                                                3 The changes are proposed to be made in Section          temporarily suspend such rule change if                   Reference Room, 100 F Street NE,
                                             1(b), (d), (e), (f), (g), (h), (i) (k) and (l), as well as   it appears to the Commission that such                    Washington, DC 20549 on official
                                             in Section 2(a) and (b), of Chapter VIII. The                action is: (i) Necessary or appropriate in                business days between the hours of
                                             Exchange notes that Chapter 11, Exercises and                the public interest; (ii) for the protection
                                             Deliveries, of the ISE Rulebook likewise uses the
                                                                                                                                                                    10:00 a.m. and 3:00 p.m. Copies of the
                                             generic term ‘‘the Exchange’’ throughout that
                                                                                                          of investors; or (iii) otherwise in                       filing also will be available for
                                             chapter.                                                     furtherance of the purposes of the Act.                   inspection and copying at the principal
                                                4 Recently, the Exchange added a shell structure          If the Commission takes such action, the                  office of the Exchange. All comments
                                             to its Rulebook with the purpose of improving                Commission shall institute proceedings                    received will be posted without change.
                                             efficiency and readability and to align its rules            to determine whether the proposed rule
                                             closer to those of its five sister exchanges, Nasdaq                                                                   Persons submitting comments are
                                             BX, Inc.; Nasdaq PHLX LLC; Nasdaq ISE, LLC;
                                                                                                          should be approved or disapproved.                        cautioned that we do not redact or edit
                                             Nasdaq GEMX, LLC; and Nasdaq MRX, LLC                                                                                  personal identifying information from
                                             (‘‘Affiliated Exchanges’’). See Securities Exchange            7 15  U.S.C. 78s(b)(3)(A)(iii).
                                                                                                                                                                    comment submissions. You should
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                                             Act Release No. 82175 (November 29, 2017), 82 FR               8 17  CFR 240.19b–4(f)(6). In addition, Rule 19b–
                                             57494 (December 5, 2017) (SR–NASDAQ–2017–                    4(f)(6) requires a self-regulatory organization to give   submit only information that you wish
                                             125). The changes proposed herein are being made             the Commission written notice of its intent to file       to make available publicly. All
                                             in connection with that effort, to align the NOM             the proposed rule change at least five business days
                                             rules with those of the Affiliated Exchanges more
                                                                                                                                                                    submissions should refer to File
                                                                                                          prior to the date of filing of the proposed rule
                                             closely.                                                     change, or such shorter time as designated by the
                                                                                                                                                                    Number SR–NASDAQ–2018–024, and
                                                5 15 U.S.C. 78f(b).
                                                                                                          Commission. The Exchange has satisfied this               should be submitted on or before April
                                                6 15 U.S.C. 78f(b)(5).                                    requirement.                                              26, 2018.


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                                                                              Federal Register / Vol. 83, No. 66 / Thursday, April 5, 2018 / Notices                                               14705

                                               For the Commission, by the Division of                  unclassified, contains business information           Sincerely,
                                             Trading and Markets, pursuant to delegated                submitted to the Department of State by the
                                             authority.9                                                                                                     Charles S. Faulkner,
                                                                                                       applicant, publication of which could cause
                                             Eduardo Aleman,                                           competitive harm to the United States firm            Bureau of Legislative Affairs.
                                             Assistant Secretary.                                      concerned.                                            Enclosure: Transmittal No. DDTC 16–123.
                                             [FR Doc. 2018–06912 Filed 4–4–18; 8:45 am]                Sincerely,
                                                                                                                                                             Sep 07, 2017
                                             BILLING CODE 8011–01–P                                    Charles S. Faulkner,
                                                                                                                                                             Honorable Paul D. Ryan, Speaker of the
                                                                                                       Bureau of Legislative Affairs.                         House of Representatives.
                                             DEPARTMENT OF STATE                                       Enclosure: Transmittal No. DDTC 16–091.               Dear Mr. Speaker:
                                             [Public Notice 10377]                                     Sep 12 2017                                             Pursuant to Section 36(d) of the Arms
                                                                                                                                                             Export Control Act, I am transmitting
                                                                                                       Honorable Paul D. Ryan, Speaker of the
                                             Notifications of Proposed Export                                                                                certification of a proposed license for the
                                                                                                        House of Representatives.
                                             Licenses to the Congress                                                                                        export of defense articles, including technical
                                                                                                       Dear Mr. Speaker:                                     data, and defense services for the
                                             AGENCY: Department of State.                                Pursuant to Section 36(c) of the Arms               manufacture of significant military
                                             ACTION: Notice.                                           Export Control Act, I am transmitting                 equipment abroad.
                                                                                                       certification of a proposed license for the             The transaction contained in the attached
                                             SUMMARY:   Notice is hereby given that                    export of firearms, parts, and components             certification involves the export of technical
                                             the Department of State has forwarded                     abroad controlled under Category I of the             data, defense services, and manufacturing
                                             the attached Notifications of Proposed                    United States Munitions List in the amount            know-how to the Republic of Korea to
                                             Export Licenses to the Congress on the                    of $1,000,000 or more.                                support the design and manufacture of
                                             dates indicated on the attachments.                         The transaction contained in the attached           Controllable Pitch Propellers and Shafting
                                               Applicable Date: As shown on each of                    certification involves the export of various          Systems for the Korean KDX–III Batch II
                                             the 39 letters.                                           machine guns and spare barrels to the United          Destroyer program.
                                                                                                       Arab Emirates.                                          The United States government is prepared
                                             FOR FURTHER INFORMATION CONTACT: Mr.
                                                                                                         The United States government is prepared            to license the export of these items having
                                             Anthony M. Dearth Directorate of                                                                                taken into account political, military,
                                                                                                       to license the export of these items having
                                             Defense Trade Controls, Department of                     taken into account political, military,               economic, human rights, and arms control
                                             State, telephone (202) 663–2836; e-mail                   economic, human rights, and arms control              considerations.
                                             DDTCResponseTeam@state.gov. ATTN:                         considerations.                                         More detailed information is contained in
                                             Congressional Notification of Licenses.                     More detailed information is contained in           the formal certification which, though
                                             SUPPLEMENTARY INFORMATION: Pursuant                       the formal certification which, though                unclassified, contains business information
                                             to sections 36(c) and 36(d), and in                       unclassified, contains business information           submitted to the Department of State by the
                                             compliance with section 36(f), of the                     submitted to the Department of State by the           applicant, publication of which could cause
                                             Arms Export Control Act. Section 36(f)                    applicant, publication of which could cause           competitive harm to the United States firm
                                             of the Arms Export Control Act (22                        competitive harm to the United States firm            concerned.
                                             U.S.C. 2776) mandates that notifications                  concerned.                                            Sincerely,
                                             to the Congress pursuant to sections                      Sincerely,
                                                                                                                                                             Charles S. Faulkner,
                                             36(c) and 36(d) must be published in a                    Charles S. Faulkner,
                                             timely manner in the Federal Register,                                                                          Bureau of Legislative Affairs.
                                             upon transmittal to Congress.                             Bureau of Legislative Affairs.                        Enclosure: Transmittal No. DDTC 16–124.
                                               Following are such notifications to the                 Enclosure: Transmittal No. DDTC 16–117.
                                             Congress:                                                                                                       Jul 10, 2017
                                             July 03, 2017                                             Jul 10, 2017                                          Honorable Paul D. Ryan, Speaker of the
                                             Honorable Paul D. Ryan, Speaker of the                    Honorable Paul D. Ryan, Speaker of the                 House of Representatives.
                                               House of Representatives.                                House of Representatives.                            Dear Mr. Speaker:
                                             Dear Mr. Speaker:                                         Dear Mr. Speaker:                                       Pursuant to Section 36(c) of the Arms
                                               Pursuant to Section 36(c) of the Arms                      Pursuant to Section 36(c) of the Arms              Export Control Act, I am transmitting
                                             Export Control Act, I am transmitting                     Export Control Act, I am transmitting                 certification of a proposed license for the
                                             certification of a proposed license for the               certification of a proposed license for the           export of firearms, parts, and components
                                             export of defense articles, including technical           export of firearms, parts, and accessories            abroad controlled under Category I of the
                                             data, and defense services in the amount of               abroad controlled under Category I of the             United States Munitions List in the amount
                                             $50,000,000 or more.                                      United States Munitions List in the amount            of $1,000,000 or more.
                                               The transaction contained in the attached               of $1,000,000 or more.                                  The transaction contained in the attached
                                             certification involves the continued export of               The transaction contained in the attached          certification involves the export of M4A1
                                             defense articles, including technical data,               certification involves the export of M16A4            carbines with flash and sound suppressors,
                                             and defense services for the operational                  rifles, spare parts, accessories, and training to     associated components and equipment to the
                                             support, maintenance, and overhaul of F110–               the United Arab Emirates.                             Republic of Tunisia.
                                             GE–100/100B/129/129B/129C/129D/129E/                         The United States government is prepared             The United States government is prepared
                                             132/132A aircraft engines, used in F–15 and               to license the export of these items having           to license the export of these items having
                                             F–16 aircraft to the Republic of Turkey.                  taken into account political, military,               taken into account political, military,
                                               The United States government is prepared                economic, human rights, and arms control              economic, human rights, and arms control
                                             to license the export of these items having               considerations.                                       considerations.
amozie on DSK30RV082PROD with NOTICES




                                             taken into account political, military,                      More detailed information is contained in            More detailed information is contained in
                                             economic, human rights, and arms control                  the formal certification which, though                the formal certification which, though
                                             considerations.                                           unclassified, contains business information           unclassified, contains business information
                                               More detailed information is contained in               submitted to the Department of State by the           submitted to the Department of State by the
                                             the formal certification which, though                    applicant, publication of which could cause           applicant, publication of which could cause
                                                                                                       competitive harm to the United States firm            competitive harm to the United States firm
                                               9 17   CFR 200.30–3(a)(12).                             concerned.                                            concerned.



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Document Created: 2018-11-01 09:13:21
Document Modified: 2018-11-01 09:13:21
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 14703 

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