83 FR 30471 - Self-Regulatory Organizations; BOX Options Exchange LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Rule 7260 by Extending the Penny Pilot Program Through December 31, 2018
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 83, Issue 125 (June 28, 2018)
Federal Register Volume 83, Issue 125 (June 28, 2018)
| Page Range | 30471-30473 | |
| FR Document | 2018-13887 |
[Federal Register Volume 83, Number 125 (Thursday, June 28, 2018)] [Notices] [Pages 30471-30473] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2018-13887] ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION [Release No. 34-83500; File No. SR-BOX-2018-23] Self-Regulatory Organizations; BOX Options Exchange LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Rule 7260 by Extending the Penny Pilot Program Through December 31, 2018 June 22, 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 18, 2018, BOX Options Exchange LLC (the ``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 self-regulatory organization. The Commission is publishing this notice to solicit comments on the proposed rule from interested persons. --------------------------------------------------------------------------- \1\ 15 U.S.C. 78s(b)(1). \2\ 17 CFR 240.19b-4. --------------------------------------------------------------------------- I. Self-Regulatory Organization's Statement of the Terms of Substance of the Proposed Rule Change The Exchange proposes to amend Rule 7260 by extending the Penny Pilot Program through December 31, 2018. The text of the proposed rule change is available from the principal office of the Exchange, at the Commission's Public Reference Room and also on the Exchange's internet website at http://boxoptions.com. 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 self-regulatory organization 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 self-regulatory organization 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 extend the effective time period of the Penny Pilot Program that is currently scheduled to expire on June 30, 2018, until December 31, 2018.\3\ The Penny Pilot Program permits certain classes to be quoted in penny increments. The minimum price variation for all classes included in the Penny Pilot Program, except for PowerShares QQQ Trust (``QQQQ'')[supreg], SPDR S&P 500 Exchange Traded Funds (``SPY''), and iShares Russell 2000 Index Funds (``IWM''), will continue to be $0.01 for all quotations in options series that are quoted at less than $3 per contract and $0.05 for all quotations in options series that are quoted at $3 per contract or greater. QQQQ, SPY, and [[Page 30472]] IWM will continue to be quoted in $0.01 increments for all options series. --------------------------------------------------------------------------- \3\ The Penny Pilot Program has been in effect on the Exchange since its inception in May 2012. See Securities Exchange Act Release Nos. 66871 (April 27, 2012), 77 FR 26323 (May 3, 2012) (File No. 10- 206, In the Matter of the Application of BOX Options Exchange LLC for Registration as a National Securities Exchange Findings, Opinion, and Order of the Commission), 67328 (June 29, 2012), 77 FR 40123 (July 6, 2012) (SR-BOX-2012-007), 68425 (December 13, 2012), 77 FR 75234 (December 19, 2013) (SR-BOX-2012-021), 69789 (June 18, 2013), 78 FR 37854 (June 24, 2013) (SR-BOX-2013-31), 71056 (December 12, 2013), 78 FR 76691 (December 18, 2013) (SR-BOX-2013-56), 72348 (June 9, 2014), 79 FR 33976 (June 13, 2014) (SR-BOX-2014-17), 73822 (December 11, 2014), 79 FR 75606 (December 18, 2014) (SR-BOX-2014- 29), 75295 (June 25, 2015), 80 FR 37690 (July 1, 2015)(SR-BOX-2015- 23), 78172 (June 28, 2016), 81 FR 43325 (July 1, 2016)(SR-BOX-2016- 24), 79429 (November 30, 2016), 81 FR 87991 (December 6, 2016)(SR- BOX-2016-55); 80828 (May 31, 2017), 82 FR 26175 (June 6, 2017) (SR- BOX-2017-18) and 82353 (December 19, 2017), 82 FR 61087 (December 26, 2017). The extension of the effective date and the revision of the date to replace issues that have been delisted are the only changes to the Penny Pilot Program being proposed at this time. --------------------------------------------------------------------------- The Exchange may replace, on a semi-annual basis, any Pilot Program classes that have been delisted on the second trading day following July 1, 2018. The Exchange notes that the replacement classes will be selected based on trading activity for the six month period beginning December 1, 2017 and ending May 31, 2018 for the July 2018 replacements. The Exchange will employ the same parameters to prospective replacement classes as approved and applicable under the Pilot Program, including excluding high-priced underlying securities. The Exchange will distribute a Regulatory Circular notifying Participants which replacement classes shall be included in the Penny Pilot Program. BOX is specifically authorized to act jointly with the other options exchanges participating in the Pilot Program in identifying any replacement class. 2. Statutory Basis The Exchange believes that the proposal is consistent with the requirements of Section 6(b) of the Act,\4\ in general, and Section 6(b)(5) of the Act,\5\ in particular, in that it is designed to prevent fraudulent and manipulative acts and practices, to promote just and equitable principles of trade, to foster cooperation and coordination with persons engaged in facilitating transactions in securities, and to remove impediments to and perfect the mechanism of a free and open market and a national market system, and, in general protect investors and the public interest. --------------------------------------------------------------------------- \4\ 15 U.S.C. 78f(b). \5\ 15 U.S.C. 78f(b)(5). --------------------------------------------------------------------------- In particular, the proposed rule change, which extends the Penny Pilot until December 31, 2018 and changes the dates for replacing Penny Pilot issues that were delisted to the second trading day following July 1, 2018, will enable public customers and other market participants to express their true prices to buy and sell options for the benefit of all market participants. This is consistent with the Act. 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. To the contrary, this proposal is pro-competitive because it allows Penny Pilot issues to continue trading on the Exchange. Moreover, the Exchange believes that the proposed rule change will allow for further analysis of the Pilot and a determination of how the Pilot should be structured in the future; and will serve to promote regulatory clarity and consistency, thereby reducing burdens on the marketplace and facilitating investor protection. The Pilot is an industry wide initiative supported by all other option exchanges. The Exchange believes that extending the Pilot will allow for continued competition between market participants on the Exchange trading similar products as their counterparts on other exchanges, while at the same time allowing the Exchange to continue to compete for order flow with other exchanges in option issues trading as part of the Pilot. C. Self-Regulatory Organization's Statement on Comments on the Proposed Rule Change Received From Members, Participants, or Others The Exchange has neither solicited nor received comments on the proposed rule change. III. Date of Effectiveness of the Proposed Rule Change and Timing for Commission Action The Exchange has filed the proposed rule change pursuant to Section 19(b)(3)(A)(iii) of the Act \6\ and Rule 19b-4(f)(6) thereunder.\7\ Because the 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 prior to 30 days from the date on which it was filed, or such shorter time as the Commission may designate, if consistent with the protection of investors and the public interest, the proposed rule change has become effective pursuant to Section 19(b)(3)(A) of the Act and Rule 19b- 4(f)(6)(iii) thereunder. --------------------------------------------------------------------------- \6\ 15 U.S.C. 78s(b)(3)(A)(iii). \7\ 17 CFR 240.19b-4(f)(6). --------------------------------------------------------------------------- A proposed rule change filed under Rule 19b-4(f)(6) \8\ normally does not become operative prior to 30 days after the date of the filing.\9\ However, pursuant to Rule 19b-4(f)(6)(iii),\10\ the Commission may designate a shorter time if such action is consistent with the protection of investors and the public interest. The Exchange has asked the Commission to waive the 30-day operative delay so that the proposal may become operative immediately upon filing. The Commission believes that waiving the 30-day operative delay is consistent with the protection of investors and the public interest because doing so will allow the Pilot Program to continue without interruption in a manner that is consistent with the Commission's prior approval of the extension and expansion of the Pilot Program and will allow the Exchange and the Commission additional time to analyze the impact of the Pilot Program.\11\ Accordingly, the Commission designates the proposed rule change as operative upon filing with the Commission.\12\ --------------------------------------------------------------------------- \8\ 17 CFR 240.19b-4(f)(6). \9\ 17 CFR 240.19b-4(f)(6). In addition, Rule 19b-4(f)(6)(iii) requires the Exchange to give the Commission written notice of the Exchange's intent to file the proposed rule change along with a brief description and the 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 pre-filing requirement. \10\ 17 CFR 240.19b-4(f)(6)(iii). \11\ See Securities Exchange Act Release No. 61061 (November 24, 2009), 74 FR 62857 (December 1, 2009) (SR-NYSEArca-2009-44). \12\ For purposes only of waiving the operative delay for this proposal, the Commission has considered the proposed rule's impact on efficiency, competition, and capital formation. See 15 U.S.C. 78c(f). --------------------------------------------------------------------------- At any time within 60 days of the filing of such 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 under Section 19(b)(2)(B) \13\ of the Act to determine whether the proposed rule change should be approved or disapproved. --------------------------------------------------------------------------- \13\ 15 U.S.C. 78s(b)(2)(B). --------------------------------------------------------------------------- IV. Solicitation of Comments. Interested persons are invited to submit written data, views and arguments concerning the foregoing, including whether the proposed rule change is consistent with the Act. Comments may be submitted by any of the following methods: Electronic CommentsUse the Commission's internet comment form (http://www.sec.gov/rules/sro.shtml); or Send an email to [email protected]. Please include File Number SR-BOX-2018-23 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-BOX-2018-23. This file [[Page 30473]] 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, on official business days between the hours of 10:00 a.m. and 3:00 p.m., located at 100 F Street NE, Washington, DC 20549. Copies of such 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-BOX-2018-23 and should be submitted on or before July 19, 2018. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.\14\ --------------------------------------------------------------------------- \14\ 17 CFR 200.30-3(a)(12). --------------------------------------------------------------------------- Eduardo A. Aleman, Assistant Secretary. [FR Doc. 2018-13887 Filed 6-27-18; 8:45 am] BILLING CODE 8011-01-P
![Federal Register / Vol. 83, No. 125 / Thursday, June 28, 2018 / Notices 30471
Public Representative: Gregory Stanton; Exchange Act of 1934 1 and Rule 19b– Reference Room and also on the
Comments Due: July 2, 2018. 4 thereunder,2 a proposed rule change Exchange’s internet website at http://
This Notice will be published in the to amend Rules 7150 and 7245 to boxoptions.com.
Federal Register. provide certain account type
II. Self-Regulatory Organization’s
information in its Price Improvement
Stacy L. Ruble, Statement of the Purpose of, and
Period and Complex Price Improvement
Secretary. Statutory Basis for, the Proposed Rule
Period auction notifications. The
[FR Doc. 2018–13930 Filed 6–27–18; 8:45 am] Change
proposed rule change was published for
BILLING CODE 7710–FW–P comment in the Federal Register on In its filing with the Commission, the
May 31, 2018.3 The Commission self-regulatory organization included
received no comment letters on the statements concerning the purpose of,
POSTAL SERVICE proposal. On June 20, 2018, the and basis for, the proposed rule change
Exchange withdrew the proposed rule and discussed any comments it received
International Product Change—Global change (SR–BOX–2018–17). on the proposed rule change. The text
Expedited Package Services—Non- of these statements may be examined at
For the Commission, by the Division of
Published Rates Trading and Markets, pursuant to delegated the places specified in Item IV below.
authority.4 The self-regulatory organization has
AGENCY: Postal ServiceTM.
Eduardo A. Aleman, prepared summaries, set forth in
ACTION: Notice. Sections A, B, and C below, of the most
Assistant Secretary.
SUMMARY: The Postal Service gives [FR Doc. 2018–13886 Filed 6–27–18; 8:45 am]
significant aspects of such statements.
notice of filing a request with the Postal BILLING CODE 8011–01–P A. Self-Regulatory Organization’s
Regulatory Commission to add Global Statement of the Purpose of, and
Expedited Package Services—Non- Statutory Basis for, the Proposed Rule
Published Rates 14 (GEPS–NPR 14) to SECURITIES AND EXCHANGE Change
the Competitive Products List. COMMISSION
1. Purpose
DATES: Date of notice: June 28, 2018. [Release No. 34–83500; File No. SR–BOX–
FOR FURTHER INFORMATION CONTACT: Kyle 2018–23] The Exchange proposes to extend the
R. Coppin, 202–268–2368. effective time period of the Penny Pilot
Self-Regulatory Organizations; BOX Program that is currently scheduled to
SUPPLEMENTARY INFORMATION: The
Options Exchange LLC; Notice of expire on June 30, 2018, until December
United States Postal Service® hereby
Filing and Immediate Effectiveness of 31, 2018.3 The Penny Pilot Program
gives notice that, pursuant to 39 U.S.C.
a Proposed Rule Change To Amend permits certain classes to be quoted in
3642, on June 22, 2018, it filed with the
Rule 7260 by Extending the Penny penny increments. The minimum price
Postal Regulatory Commission a Request
Pilot Program Through December 31, variation for all classes included in the
of the United States Postal Service to
2018 Penny Pilot Program, except for
add Global Expedited Package
PowerShares QQQ Trust (‘‘QQQQ’’)®,
Services—Non-Published Rates 14 June 22, 2018.
SPDR S&P 500 Exchange Traded Funds
(GEPS—NPR 14) to the Competitive Pursuant to Section 19(b)(1) of the (‘‘SPY’’), and iShares Russell 2000 Index
Products List and Notice of Filing Securities Exchange Act of 1934 Funds (‘‘IWM’’), will continue to be
GEPS—NPR 14 Model Contract and (‘‘Act’’),1 and Rule 19b–4 thereunder,2 $0.01 for all quotations in options series
Application for Non-Public Treatment notice is hereby given that on June 18, that are quoted at less than $3 per
of Materials Filed Under Seal. 2018, BOX Options Exchange LLC (the contract and $0.05 for all quotations in
Documents are available at ‘‘Exchange’’) filed with the Securities options series that are quoted at $3 per
www.prc.gov, Docket Nos. MC2018–186 and Exchange Commission contract or greater. QQQQ, SPY, and
and CP2018–260. (‘‘Commission’’) the proposed rule
Ruth Stevenson, change as described in Items I and II 3 The Penny Pilot Program has been in effect on
below, which Items have been prepared the Exchange since its inception in May 2012. See
Attorney, Federal Compliance.
by the self-regulatory organization. The Securities Exchange Act Release Nos. 66871 (April
[FR Doc. 2018–13879 Filed 6–27–18; 8:45 am]
Commission is publishing this notice to 27, 2012), 77 FR 26323 (May 3, 2012) (File No. 10–
BILLING CODE 7710–12–P
solicit comments on the proposed rule 206, In the Matter of the Application of BOX
Options Exchange LLC for Registration as a
from interested persons. National Securities Exchange Findings, Opinion,
and Order of the Commission), 67328 (June 29,
SECURITIES AND EXCHANGE I. Self-Regulatory Organization’s 2012), 77 FR 40123 (July 6, 2012) (SR–BOX–2012–
COMMISSION Statement of the Terms of Substance of 007), 68425 (December 13, 2012), 77 FR 75234
the Proposed Rule Change (December 19, 2013) (SR–BOX–2012–021), 69789
[Release No. 34–83499; File No. SR–BOX– (June 18, 2013), 78 FR 37854 (June 24, 2013) (SR–
The Exchange proposes to amend BOX–2013–31), 71056 (December 12, 2013), 78 FR
2018–17)]
Rule 7260 by extending the Penny Pilot 76691 (December 18, 2013) (SR–BOX–2013–56),
Program through December 31, 2018. 72348 (June 9, 2014), 79 FR 33976 (June 13, 2014)
Self-Regulatory Organizations; BOX (SR–BOX–2014–17), 73822 (December 11, 2014), 79
Options Exchange LLC; Notice of The text of the proposed rule change is FR 75606 (December 18, 2014) (SR–BOX–2014–29),
Withdrawal of Proposed Rule Change available from the principal office of the 75295 (June 25, 2015), 80 FR 37690 (July 1,
To Amend Rules 7150 and 7245 Exchange, at the Commission’s Public 2015)(SR–BOX–2015–23), 78172 (June 28, 2016), 81
amozie on DSK3GDR082PROD with NOTICES1
FR 43325 (July 1, 2016)(SR–BOX–2016–24), 79429
June 22, 2018. 1 15 U.S.C. 78s(b)(1). (November 30, 2016), 81 FR 87991 (December 6,
2016)(SR–BOX–2016–55); 80828 (May 31, 2017), 82
On May 14, 2018, BOX Options 2 17 CFR 240.19b–4.
3 See Securities Exchange Act Release No. 83317
FR 26175 (June 6, 2017) (SR–BOX–2017–18) and
Exchange LLC (the ‘‘Exchange’’) filed 82353 (December 19, 2017), 82 FR 61087 (December
(May 24, 2018), 83 FR 25074. 26, 2017). The extension of the effective date and
with the Securities and Exchange 4 17 CFR 200.30–3(a)(12).
the revision of the date to replace issues that have
Commission (‘‘Commission’’), pursuant 1 15 U.S.C. 78s(b)(1).
been delisted are the only changes to the Penny
to Section 19(b)(1) of the Securities 2 17 CFR 240.19b–4. Pilot Program being proposed at this time.
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![Federal Register / Vol. 83, No. 125 / Thursday, June 28, 2018 / Notices 30473
number should be included on the with the Securities and Exchange listing market, the last consolidated last-
subject line if email is used. To help the Commission (‘‘Commission’’) the sale price for such security.
Commission process and review your proposed rule change as described in The Exchange proposes to amend
comments more efficiently, please use Items I and II below, which Items have Rule 7.35E(d)(4) to provide that the
only one method. The Commission will been prepared by the self-regulatory Exchange would disseminate an Official
post all comments on the Commission’s organization. The Commission is Closing Price for Auction-Eligible
internet website (http://www.sec.gov/ publishing this notice to solicit Securities only. An Auction-Eligible
rules/sro.shtml). Copies of the comments on the proposed rule change Security is defined as all ‘‘securities for
submission, all subsequent from interested persons. which the Exchange is the primary
amendments, all written statements listing market and UTP Securities
I. Self-Regulatory Organization’s
with respect to the proposed rule designated by the Exchange.’’ 6 As a
Statement of the Terms of Substance of
change that are filed with the result, the Exchange would report an
the Proposed Rule Change
Commission, and all written Official Closing Price for only those
communications relating to the The Exchange proposes to amend securities for which the Exchange
proposed rule change between the Rule 7.35E (Auctions) to revise the calculates an Official Closing Price
Commission and any person, other than securities for which it will report an pursuant to Rule 1.1E(gg). The Exchange
those that may be withheld from the Official Closing Price. The proposed believes that, by ceasing reporting an
public in accordance with the rule change is available on the Official Closing Price in securities that
provisions of 5 U.S.C. 552, will be Exchange’s website at www.nyse.com, at are not auction-eligible on the
available for website viewing and the principal office of the Exchange, and Exchange, it would reduce the
printing in the Commission’s Public at the Commission’s Public Reference likelihood of disparate or duplicative
Reference Room, on official business Room. prices being disseminated and
days between the hours of 10:00 a.m. II. Self-Regulatory Organization’s identified as a UTP Security’s formal
and 3:00 p.m., located at 100 F Street Statement of the Purpose of, and closing price.
NE, Washington, DC 20549. Copies of Statutory Basis for, the Proposed Rule
such filing also will be available for 2. Statutory Basis
Change
inspection and copying at the principal The Exchange believes that the
office of the Exchange. All comments In its filing with the Commission, the proposal is consistent with Section 6(b)
received will be posted without change. self-regulatory organization included of the Act,7 in general, and furthers the
Persons submitting comments are statements concerning the purpose of, objectives of Sections 6(b)(5) of the Act,8
cautioned that we do not redact or edit and basis for, the proposed rule change in particular, because it is designed to
personal identifying information from and discussed any comments it received prevent fraudulent and manipulative
comment submissions. You should on the proposed rule change. The text acts and practices, to promote just and
submit only information that you wish of those statements may be examined at equitable principles of trade, to foster
to make available publicly. All the places specified in Item IV below. cooperation and coordination with
submissions should refer to File The Exchange has prepared summaries, persons engaged in regulating, clearing,
Number SR–BOX–2018–23 and should set forth in sections A, B, and C below, settling, processing information with
be submitted on or before July 19, 2018. of the most significant parts of such respect to, and facilitating transactions
statements. in securities, to remove impediments to,
For the Commission, by the Division of
Trading and Markets, pursuant to delegated A. Self-Regulatory Organization’s and perfect the mechanisms of, a free
authority.14 Statement of the Purpose of, and the and open market and a national market
Eduardo A. Aleman, Statutory Basis for, the Proposed Rule system and, in general, to protect
Assistant Secretary. Change investors and the public interest and
[FR Doc. 2018–13887 Filed 6–27–18; 8:45 am] because it is not designed to permit
1. Purpose
BILLING CODE 8011–01–P unfair discrimination between
The Exchange proposes to amend customers, issuers, brokers, or dealers.
Exchange Rule 7.35E (Auctions) to The Exchange believes that the
SECURITIES AND EXCHANGE revise the securities for which it will proposed rule change would remove
COMMISSION report an Official Closing Price.4 Rule impediments to, and perfect the
7.35E(d)(4) currently states that the mechanisms of, a free and open market
[Release No. 34–83498; File No. SR–
NYSEAMER–2018–30]
Exchange reports an Official Closing and a national market system and, in
Price for all securities that trade on the general, protect investors and the public
Self-Regulatory Organizations; NYSE Exchange. This includes not only interest because the Exchange would
American LLC; Notice of Filing and securities for which the Exchange is the cease disseminating a closing price for
Immediate Effectiveness of Proposed primary listing market, but also all UTP UTP Securities and only disseminate an
Rule Change To Amend Rule 7.35E Securities that are traded on the Official Closing Price for Auction-
Exchange.5 Because the Exchange does Eligible Securities. The Exchange
June 22, 2018. not calculate an Official Closing Price believes that this proposed rule change
Pursuant to Section 19(b)(1) 1 of the for UTP Securities when the Exchange would reduce the likelihood of
Securities Exchange Act of 1934 (the reports an Official Closing Price for such disparate or duplicative prices being
‘‘Act’’) 2 and Rule 19b–4 thereunder,3 securities, the Exchange uses either the disseminated and identified as a UTP
notice is hereby given that on June 18,
amozie on DSK3GDR082PROD with NOTICES1
closing price calculated by the primary Security’s formal closing price.
2018, NYSE American LLC (the listing market or, if no closing price has Therefore, the proposed rule change
‘‘Exchange’’ or ‘‘NYSE American’’) filed been disseminated by the primary
6 See Exchange Rule 7.35E(a)(1). To date, the
14 17 CFR 200.30–3(a)(12). 4 The term ‘‘Official Closing Price’’ is defined in Exchange has not designated any UTP Securities as
1 15 U.S.C.78s(b)(1). an Auction-Eligible Security.
Exchange Rule 1.1E(gg)(1).
2 15 U.S.C. 78a. 5 The term ‘‘UTP Securities’’ is defined in Rule 7 15 U.S.C. 78f(b).
3 17 CFR 240.19b–4. 1.1E(ii). 8 15 U.S.C. 78f(b)(5).
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Document Created: 2018-11-06 09:55:42
Document Modified: 2018-11-06 09:55:42
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
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| Section | Notices | |
| FR Citation | 83 FR 30471 |
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