83_FR_29715 83 FR 29593 - Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Relocate the Exchange's Rules Pertaining to Co-Location and Direct Connectivity

83 FR 29593 - Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Relocate the Exchange's Rules Pertaining to Co-Location and Direct Connectivity

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 83, Issue 122 (June 25, 2018)

Page Range29593-29594
FR Document2018-13507

Federal Register, Volume 83 Issue 122 (Monday, June 25, 2018)
[Federal Register Volume 83, Number 122 (Monday, June 25, 2018)]
[Notices]
[Pages 29593-29594]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-13507]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-83466; File No. SR-NASDAQ-2018-045]


Self-Regulatory Organizations; The Nasdaq Stock Market LLC; 
Notice of Filing and Immediate Effectiveness of Proposed Rule Change To 
Relocate the Exchange's Rules Pertaining to Co-Location and Direct 
Connectivity

June 19, 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 June 5, 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 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.
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    \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 relocate the Exchange's rules pertaining 
to co-location and direct connectivity, which are presently at Rules 
7034 and 7051, to Sections 1 and 2, respectively, under a new General 8 
(``Connectivity'') heading within the Exchange's new rulebook shell, 
entitled ``General Equity and Options Rules.''
    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 relocate its rules governing co-location 
and direct connectivity services, which presently comprise Rules 7034 
and 7051, respectively. The Exchange proposes to establish, within its 
new rulebook shell,\3\ a new General 8 heading, entitled 
``Connectivity,'' to renumber Rule 7034 as Section 1 thereunder, and to 
renumber Rule 7051 as Section 2 thereunder. The Exchange furthermore 
proposes to amend Equity Rules 7007, 7015, 7025, and 7030, and Options 
Rules, Chapter XV to update cross references therein to Rules 7034 and 
7051.\4\ The Exchange also proposes to update internal cross-references 
in the renumbered Rules.
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    \3\ 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 (together with Nasdaq, the ``Affiliated 
Exchanges''). See Securities Exchange Act Release No. 82175 
(November 29, 2017), 82 FR 57494 (December 5, 2017) (SR-NASDAQ-2017-
125).
    \4\ In addition to the above, the Exchange proposes to delete 
language that exists presently in Rule 7034(b) (``Connectivity to 
Third Party Services'') and Rule 7051(b) (``Direct Circuit 
Connection to Third Party Services'') that each refer to expired 
waivers of fees for connections to third party services that were 
applicable ``through April 30, 2017.''
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    The Exchange considers it appropriate to relocate these Rules to 
better organize its Rulebook. The other Affiliated Exchanges intend to 
propose similar reorganizations of their co-location and direct 
connectivity rules so that these rules will be harmonized among all of 
the Affiliated Exchanges.
    The relocation of the co-location and direct connectivity rules is 
part of the Exchange's continued effort to promote efficiency and 
conformity of its processes with those of its Affiliated Exchanges. The 
Exchange believes that moving the co-location and direct connectivity 
rules to their new location will facilitate the use of the Rulebook by 
Members of the Exchange who are members of other Affiliated Exchanges. 
Moreover, the proposed changes are of a non-substantive nature and will 
not amend the relocated rules other than to update their numbers and 
make conforming cross-reference changes.
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 improving the way its Rulebook is organized, providing ease of 
reference in locating co-location and direct connectivity rules, and 
harmonizing the Exchange's Rules with those of the other Affiliated 
Exchanges. As previously stated, the proposed Rule relocation is non-
substantive.
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    \5\ 15 U.S.C. 78f(b).
    \6\ 15 U.S.C. 78f(b)(5).
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    The Exchange also believes that it is just and equitable and 
consistent with the protection of investors and the interest of the 
public to remove expired waiver language from the Exchange's Rules.

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 intermarket or intra-market competition that is 
not necessary or appropriate in furtherance of the purposes of the Act. 
The proposed changes do not impose a burden on competition because, as 
previously stated, they (i) are of a non-substantive nature, (ii) are 
intended to harmonize the Exchange's rules with those of its Affiliated 
Exchanges, and (iii) are intended to organize the Rulebook in a way 
that it will ease the Members' navigation and reading of the rules 
across the Affiliated Exchanges.

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.

[[Page 29594]]

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) of the Act \7\ and Rule 19b-
4(f)(6) thereunder.\8\
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    \7\ 15 U.S.C. 78s(b)(3)(A).
    \8\ 17 CFR 240.19b-4(f)(6). In addition, Rule 19b-4(f)(6)(iii) 
requires a self-regulatory organization to give the Commission 
written notice of its intent to file the proposed rule change, along 
with a brief description and text of the proposed rule change, at 
least five business days prior to the date of filing of the proposed 
rule change, or such shorter time as designated by the Commission. 
The Exchange has satisfied this requirement.
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    A proposed rule change filed pursuant to Rule 19b-4(f)(6) under the 
Act \9\ normally does not become operative for 30 days after the date 
of its filing. However, Rule 19b-4(f)(6)(iii) \10\ permits the 
Commission to designate a shorter time if such action is consistent 
with the protection of investors and the public interest. The Exchange 
has requested that the Commission waive the 30-day operative delay so 
that the proposed rule change may become operative upon filing. The 
proposed rule change merely relocates the Exchange's co-location and 
direct connectivity rules, updates rule cross-references, and removes 
expired waiver language.\11\ Accordingly, the Commission believes that 
waiver of the 30-day operative delay is consistent with the protection 
of investors and the public interest and hereby waives the operative 
delay and designates the proposed rule change operative upon 
filing.\12\
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    \9\ 17 CFR 240.19b-4(f)(6).
    \10\ 17 CFR 240.19b-4(f)(6)(iii).
    \11\ See supra note 4.
    \12\ For purposes only of waiving the 30-day operative delay, 
the Commission also has considered the proposed rule's impact on 
efficiency, competition, and capital formation. See 15 U.S.C. 
78c(f).
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    At any time within 60 days of the filing of the proposed rule 
change, the Commission summarily may temporarily suspend such rule 
change if it appears to the Commission that such action is necessary or 
appropriate in the public interest, for the protection of investors, or 
otherwise in furtherance of the purposes of the Act. If the Commission 
takes such action, the Commission shall institute proceedings to 
determine whether the proposed rule change 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 rule-comments@sec.gov. Please include 
File Number SR-NASDAQ-2018-045 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-2018-045. 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-2018-045, and should be submitted 
on or before July 16, 2018.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\13\
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    \13\ 17 CFR 200.30-3(a)(12).
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Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018-13507 Filed 6-22-18; 8:45 am]
 BILLING CODE 8011-01-P



                                                                             Federal Register / Vol. 83, No. 122 / Monday, June 25, 2018 / Notices                                              29593

                                              identifying information from                            II. Self-Regulatory Organization’s                      processes with those of its Affiliated
                                              submissions. You should submit only                     Statement of the Purpose of, and                        Exchanges. The Exchange believes that
                                              information that you wish to make                       Statutory Basis for, the Proposed Rule                  moving the co-location and direct
                                              available publicly. All submissions                     Change                                                  connectivity rules to their new location
                                              should refer to File Number SR–                            In its filing with the Commission, the               will facilitate the use of the Rulebook by
                                              CboeBZX–2018–019 and should be                          Exchange included statements                            Members of the Exchange who are
                                              submitted on or before July 16, 2018.                   concerning the purpose of and basis for                 members of other Affiliated Exchanges.
                                              Rebuttal comments should be submitted                   the proposed rule change and discussed                  Moreover, the proposed changes are of
                                              by July 30, 2018.                                       any comments it received on the                         a non-substantive nature and will not
                                                For the Commission, by the Division of                proposed rule change. The text of these                 amend the relocated rules other than to
                                              Trading and Markets, pursuant to delegated              statements may be examined at the                       update their numbers and make
                                              authority.31                                            places specified in Item IV below. The                  conforming cross-reference changes.
                                              Eduardo A. Aleman,                                      Exchange has prepared summaries, set                    2. Statutory Basis
                                              Assistant Secretary.                                    forth in sections A, B, and C below, of
                                              [FR Doc. 2018–13508 Filed 6–22–18; 8:45 am]             the most significant aspects of such                       The Exchange believes that its
                                                                                                      statements.                                             proposal is consistent with Section 6(b)
                                              BILLING CODE 8011–01–P
                                                                                                                                                              of the Act,5 in general, and furthers the
                                                                                                      A. Self-Regulatory Organization’s                       objectives of Section 6(b)(5) of the Act,6
                                                                                                      Statement of the Purpose of, and                        in particular, in that it is designed to
                                              SECURITIES AND EXCHANGE
                                                                                                      Statutory Basis for, the Proposed Rule                  promote just and equitable principles of
                                              COMMISSION
                                                                                                      Change                                                  trade, to remove impediments to and
                                              [Release No. 34–83466; File No. SR–                     1. Purpose                                              perfect the mechanism of a free and
                                              NASDAQ–2018–045]                                                                                                open market and a national market
                                                                                                         The Exchange proposes to relocate its                system, and, in general to protect
                                              Self-Regulatory Organizations; The                      rules governing co-location and direct                  investors and the public interest, by
                                              Nasdaq Stock Market LLC; Notice of                      connectivity services, which presently                  improving the way its Rulebook is
                                              Filing and Immediate Effectiveness of                   comprise Rules 7034 and 7051,                           organized, providing ease of reference in
                                              Proposed Rule Change To Relocate                        respectively. The Exchange proposes to                  locating co-location and direct
                                              the Exchange’s Rules Pertaining to Co-                  establish, within its new rulebook                      connectivity rules, and harmonizing the
                                              Location and Direct Connectivity                        shell,3 a new General 8 heading, entitled               Exchange’s Rules with those of the other
                                                                                                      ‘‘Connectivity,’’ to renumber Rule 7034                 Affiliated Exchanges. As previously
                                              June 19, 2018.                                          as Section 1 thereunder, and to
                                                 Pursuant to Section 19(b)(1) of the                                                                          stated, the proposed Rule relocation is
                                                                                                      renumber Rule 7051 as Section 2                         non-substantive.
                                              Securities Exchange Act of 1934                         thereunder. The Exchange furthermore
                                              (‘‘Act’’),1 and Rule 19b–4 thereunder,2                                                                            The Exchange also believes that it is
                                                                                                      proposes to amend Equity Rules 7007,
                                              notice is hereby given that on June 5,                                                                          just and equitable and consistent with
                                                                                                      7015, 7025, and 7030, and Options
                                              2018, The Nasdaq Stock Market LLC                                                                               the protection of investors and the
                                                                                                      Rules, Chapter XV to update cross
                                              (‘‘Nasdaq’’ or ‘‘Exchange’’) filed with the                                                                     interest of the public to remove expired
                                                                                                      references therein to Rules 7034 and
                                              Securities and Exchange Commission                                                                              waiver language from the Exchange’s
                                                                                                      7051.4 The Exchange also proposes to
                                              (‘‘Commission’’) the proposed rule                                                                              Rules.
                                                                                                      update internal cross-references in the
                                              change as described in Items I and II                   renumbered Rules.                                       B. Self-Regulatory Organization’s
                                              below, which Items have been prepared                      The Exchange considers it appropriate                Statement on Burden on Competition
                                              by the Exchange. The Commission is                      to relocate these Rules to better organize
                                              publishing this notice to solicit                       its Rulebook. The other Affiliated                        The Exchange does not believe that
                                              comments on the proposed rule change                    Exchanges intend to propose similar                     the proposed rule change will impose
                                              from interested persons.                                reorganizations of their co-location and                any burden on intermarket or intra-
                                                                                                      direct connectivity rules so that these                 market competition that is not necessary
                                              I. Self-Regulatory Organization’s                                                                               or appropriate in furtherance of the
                                              Statement of the Terms of Substance of                  rules will be harmonized among all of
                                                                                                      the Affiliated Exchanges.                               purposes of the Act. The proposed
                                              the Proposed Rule Change                                                                                        changes do not impose a burden on
                                                                                                         The relocation of the co-location and
                                                 The Exchange proposes to relocate the                direct connectivity rules is part of the                competition because, as previously
                                              Exchange’s rules pertaining to co-                      Exchange’s continued effort to promote                  stated, they (i) are of a non-substantive
                                              location and direct connectivity, which                 efficiency and conformity of its                        nature, (ii) are intended to harmonize
                                              are presently at Rules 7034 and 7051, to                                                                        the Exchange’s rules with those of its
                                              Sections 1 and 2, respectively, under a                    3 Recently, the Exchange added a shell structure     Affiliated Exchanges, and (iii) are
                                              new General 8 (‘‘Connectivity’’) heading                to its Rulebook with the purpose of improving           intended to organize the Rulebook in a
                                              within the Exchange’s new rulebook                      efficiency and readability and to align its rules       way that it will ease the Members’
                                                                                                      closer to those of its five sister exchanges: Nasdaq    navigation and reading of the rules
                                              shell, entitled ‘‘General Equity and                    BX, Inc.; Nasdaq PHLX LLC; Nasdaq ISE, LLC;
                                              Options Rules.’’                                        Nasdaq GEMX, LLC; and Nasdaq MRX, LLC                   across the Affiliated Exchanges.
                                                 The text of the proposed rule change                 (together with Nasdaq, the ‘‘Affiliated Exchanges’’).
                                                                                                                                                              C. Self-Regulatory Organization’s
                                              is available on the Exchange’s website at               See Securities Exchange Act Release No. 82175
                                                                                                      (November 29, 2017), 82 FR 57494 (December 5,           Statement on Comments on the
                                              http://nasdaq.cchwallstreet.com, at the
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                                                                                                      2017) (SR–NASDAQ–2017–125).                             Proposed Rule Change Received From
                                              principal office of the Exchange, and at                   4 In addition to the above, the Exchange proposes
                                                                                                                                                              Members, Participants, or Others
                                              the Commission’s Public Reference                       to delete language that exists presently in Rule
                                              Room.                                                   7034(b) (‘‘Connectivity to Third Party Services’’)        No written comments were either
                                                                                                      and Rule 7051(b) (‘‘Direct Circuit Connection to        solicited or received.
                                                                                                      Third Party Services’’) that each refer to expired
                                                31 17 CFR 200.30–3(a)(57).                            waivers of fees for connections to third party
                                                1 15 U.S.C. 78s(b)(1).                                                                                         5 15   U.S.C. 78f(b).
                                                                                                      services that were applicable ‘‘through April 30,
                                                2 17 CFR 240.19b–4.                                   2017.’’                                                  6 15   U.S.C. 78f(b)(5).



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                                              29594                            Federal Register / Vol. 83, No. 122 / Monday, June 25, 2018 / Notices

                                              III. Date of Effectiveness of the                         IV. Solicitation of Comments                            For the Commission, by the Division of
                                              Proposed Rule Change and Timing for                                                                             Trading and Markets, pursuant to delegated
                                              Commission Action                                           Interested persons are invited to                   authority.13
                                                                                                        submit written data, views, and                       Eduardo A. Aleman,
                                                 Because the foregoing proposed rule
                                                                                                        arguments concerning the foregoing,                   Assistant Secretary.
                                              change does not: (i) Significantly affect
                                                                                                        including whether the proposed rule                   [FR Doc. 2018–13507 Filed 6–22–18; 8:45 am]
                                              the protection of investors or the public
                                              interest; (ii) impose any significant                     change is consistent with the Act.                    BILLING CODE 8011–01–P

                                              burden on competition; and (iii) become                   Comments may be submitted by any of
                                              operative for 30 days from the date on                    the following methods:
                                              which it was filed, or such shorter time                                                                        SECURITIES AND EXCHANGE
                                                                                                        Electronic Comments                                   COMMISSION
                                              as the Commission may designate, it has
                                              become effective pursuant to Section                        • Use the Commission’s internet                     [Release No. 34–83465; File No. SR–Phlx–
                                              19(b)(3)(A) of the Act 7 and Rule 19b–                    comment form (http://www.sec.gov/                     2018–46]
                                              4(f)(6) thereunder.8                                      rules/sro.shtml); or
                                                 A proposed rule change filed                                                                                 Self-Regulatory Organizations; Nasdaq
                                                                                                          • Send an email to rule-comments@                   PHLX LLC; Notice of Filing and
                                              pursuant to Rule 19b–4(f)(6) under the
                                                                                                        sec.gov. Please include File Number SR–               Immediate Effectiveness of Proposed
                                              Act 9 normally does not become
                                                                                                        NASDAQ–2018–045 on the subject line.                  Rule Change To Relocate the
                                              operative for 30 days after the date of its
                                              filing. However, Rule 19b–4(f)(6)(iii) 10                 Paper Comments                                        Exchange’s Rules Pertaining to Co-
                                              permits the Commission to designate a                                                                           Location and Direct Connectivity
                                              shorter time if such action is consistent                   • Send paper comments in triplicate
                                                                                                                                                              June 19, 2018.
                                              with the protection of investors and the                  to Secretary, Securities and Exchange
                                                                                                        Commission, 100 F Street NE,                             Pursuant to Section 19(b)(1) of the
                                              public interest. The Exchange has
                                                                                                        Washington, DC 20549–1090.                            Securities Exchange Act of 1934
                                              requested that the Commission waive
                                                                                                                                                              (‘‘Act’’),1 and Rule 19b–4 thereunder,2
                                              the 30-day operative delay so that the
                                                                                                        All submissions should refer to File                  notice is hereby given that on June 5,
                                              proposed rule change may become
                                                                                                        Number SR–NASDAQ–2018–045. This                       2018, Nasdaq PHLX LLC (‘‘Phlx’’ or
                                              operative upon filing. The proposed rule
                                                                                                        file number should be included on the                 ‘‘Exchange’’) filed with the Securities
                                              change merely relocates the Exchange’s
                                                                                                        subject line if email is used. To help the            and Exchange Commission
                                              co-location and direct connectivity
                                                                                                        Commission process and review your                    (‘‘Commission’’) the proposed rule
                                              rules, updates rule cross-references, and
                                                                                                        comments more efficiently, please use                 change as described in Items I and II
                                              removes expired waiver language.11
                                                                                                        only one method. The Commission will                  below, which Items have been prepared
                                              Accordingly, the Commission believes
                                                                                                        post all comments on the Commission’s                 by the Exchange. The Commission is
                                              that waiver of the 30-day operative
                                                                                                        internet website (http://www.sec.gov/                 publishing this notice to solicit
                                              delay is consistent with the protection
                                                                                                        rules/sro.shtml). Copies of the                       comments on the proposed rule change
                                              of investors and the public interest and
                                                                                                        submission, all subsequent                            from interested persons.
                                              hereby waives the operative delay and
                                              designates the proposed rule change                       amendments, all written statements                    I. Self-Regulatory Organization’s
                                              operative upon filing.12                                  with respect to the proposed rule                     Statement of the Terms of Substance of
                                                 At any time within 60 days of the                      change that are filed with the                        the Proposed Rule Change
                                              filing of the proposed rule change, the                   Commission, and all written                              The Exchange proposes to relocate the
                                              Commission summarily may                                  communications relating to the                        Exchange’s rules pertaining to co-
                                              temporarily suspend such rule change if                   proposed rule change between the                      location and direct connectivity, which
                                              it appears to the Commission that such                    Commission and any person, other than                 are presently at Sections X and XI of the
                                              action is necessary or appropriate in the                 those that may be withheld from the                   Exchange’s Pricing Schedule, to the
                                              public interest, for the protection of                    public in accordance with the                         Exchange’s new rulebook shell, entitled
                                              investors, or otherwise in furtherance of                 provisions of 5 U.S.C. 552, will be                   ‘‘General Equity and Options Rules,’’ at
                                              the purposes of the Act. If the                           available for website viewing and                     new General 8 (‘‘Connectivity’’),
                                              Commission takes such action, the                         printing in the Commission’s Public                   Sections 1 and 2, respectively.
                                              Commission shall institute proceedings                                                                             The text of the proposed rule change
                                                                                                        Reference Room, 100 F Street NE,
                                              to determine whether the proposed rule                                                                          is available on the Exchange’s website at
                                                                                                        Washington, DC 20549 on official
                                              change should be approved or                                                                                    http://nasdaqphlx.cchwallstreet.com/,
                                                                                                        business days between the hours of
                                              disapproved.                                                                                                    at the principal office of the Exchange,
                                                                                                        10:00 a.m. and 3:00 p.m. Copies of the
                                                7 15                                                    filing also will be available for                     and at the Commission’s Public
                                                      U.S.C. 78s(b)(3)(A).
                                                8 17  CFR 240.19b–4(f)(6). In addition, Rule 19b–       inspection and copying at the principal               Reference Room.
                                              4(f)(6)(iii) requires a self-regulatory organization to   office of the Exchange. All comments                  II. Self-Regulatory Organization’s
                                              give the Commission written notice of its intent to       received will be posted without change.
                                              file the proposed rule change, along with a brief                                                               Statement of the Purpose of, and
                                              description and text of the proposed rule change,         Persons submitting comments are                       Statutory Basis for, the Proposed Rule
                                              at least five business days prior to the date of filing   cautioned that we do not redact or edit               Change
                                              of the proposed rule change, or such shorter time         personal identifying information from
                                              as designated by the Commission. The Exchange                                                                     In its filing with the Commission, the
                                              has satisfied this requirement.                           comment submissions. You should                       Exchange included statements
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                                                 9 17 CFR 240.19b–4(f)(6).                              submit only information that you wish                 concerning the purpose of and basis for
                                                 10 17 CFR 240.19b–4(f)(6)(iii).                        to make available publicly. All                       the proposed rule change and discussed
                                                 11 See supra note 4.
                                                                                                        submissions should refer to File                      any comments it received on the
                                                 12 For purposes only of waiving the 30-day
                                                                                                        Number SR–NASDAQ–2018–045, and
                                              operative delay, the Commission also has
                                              considered the proposed rule’s impact on                  should be submitted on or before July                   13 17 CFR 200.30–3(a)(12).
                                              efficiency, competition, and capital formation. See       16, 2018.                                               1 15 U.S.C. 78s(b)(1).
                                              15 U.S.C. 78c(f).                                                                                                 2 17 CFR 240.19b–4.




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Document Created: 2018-06-23 02:29:26
Document Modified: 2018-06-23 02:29:26
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 29593 

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