83_FR_32839 83 FR 32704 - Self-Regulatory Organizations; Investors Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Rule 16.160 To Remove Form 19b-4(e) Filing Requirement

83 FR 32704 - Self-Regulatory Organizations; Investors Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Rule 16.160 To Remove Form 19b-4(e) Filing Requirement

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 83, Issue 135 (July 13, 2018)

Page Range32704-32706
FR Document2018-14962

Federal Register, Volume 83 Issue 135 (Friday, July 13, 2018)
[Federal Register Volume 83, Number 135 (Friday, July 13, 2018)]
[Notices]
[Pages 32704-32706]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-14962]


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

SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-83609; File No. SR-IEX-2018-14]


Self-Regulatory Organizations; Investors Exchange LLC; Notice of 
Filing and Immediate Effectiveness of Proposed Rule Change To Amend 
Rule 16.160 To Remove Form 19b-4(e) Filing Requirement

July 9, 2018.
    Pursuant to Section 19(b)(1) \1\ of the Securities Exchange Act of 
1934 \2\ and Rule 19b-4 thereunder,\3\ notice is hereby given that, on 
June 26, 2018, the Investors Exchange LLC (``IEX'' 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 self-regulatory organization. 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\ 15 U.S.C. 78a.
    \3\ 17 CFR 240.19b-4.
---------------------------------------------------------------------------

I. Self-Regulatory Organization's Statement of the Terms of Substance 
of the Proposed Rule Change

    Pursuant to the provisions of Section 19(b)(1) under the Securities 
Exchange Act of 1934 (``Act''),\4\ and Rule 19b-4 thereunder,\5\ IEX is 
filing with the Commission a proposed rule change to amend IEX Rule 
16.160 related to derivative securities traded under unlisted trading 
privileges (``UTP'') to remove the requirement in Rule 16.160(a)(1) for 
the Exchange to file with the Commission a Form 19b-4(e) for each ``new 
derivative securities product'' as defined in Rule 19b-4(e) under the 
Act \6\ (a ``Derivative Security'') traded under UTP and renumber the 
remaining provisions of Rule 16.160(a) to maintain an organized rule 
structure. The Exchange has designated this rule change as ``non-
controversial'' under Section 19(b)(3)(A) of the Act \7\ and provided 
the Commission with the notice required by Rule 19b-4(f)(6) 
thereunder.\8\ The text of the proposed rule change is available at the 
Exchange's website at www.iextrading.com, at the principal office of 
the Exchange, and at the Commission's Public Reference Room.
---------------------------------------------------------------------------

    \4\ 15 U.S.C. 78s(b)(1).
    \5\ 17 CRF [sic] 240.19b-4.
    \6\ 17 CRF [sic] 240.19b-4(e).
    \7\ 15 U.S.C. 78s(b)(3)(A).
    \8\ 17 CFR 240.19b-4(e) [sic].
---------------------------------------------------------------------------

II. Self-Regulatory Organization's Statement of the Purpose of, and the 
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 statement [sic] 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 the 
Statutory Basis for, the Proposed Rule Change

1. Purpose
    The purpose of the proposed rule change is to amend Rule 16.160 
related to derivative securities traded under UTP by removing the 
requirement in Rule 16.160(a)(1) for the Exchange to file with the 
Commission a Form 19b-4(e) for each Derivative Security, and 
renumbering the remaining rules of Rule 16.160(a) to maintain an 
organized rule structure, as described below.
    Rule 16.160(a)(1) sets forth the requirement for IEX to file with 
the Commission a Form 19b-4(e) with respect to each Derivative Security 
that is traded under UTP. However, IEX believes that it should not be 
necessary to file a Form 19b-4(e) with the Commission if it begins 
trading a Derivative Security on a UTP basis, because Rule 19b-4(e)(1) 
under the Act refers to the ``listing and trading'' of a ``new 
derivative securities product.'' The Exchange believes that the 
requirements of that rule refers [sic] to when an exchange lists and 
trades a Derivative Security, and not when an exchange seeks only to 
trade such product on a UTP basis pursuant to Rule 12f-2 under the 
Act.\9\ Therefore, IEX proposes to delete the requirement in current 
Rule 16.160(a)(1) for IEX to file a Form 19b-4(e) with the Commission

[[Page 32705]]

with respect to each Derivative Security it begins trading on a UTP 
basis. In addition, as a result of the deletion of current Rule 
16.160(a)(1) IEX proposes to renumber current Rules 16.160(a)(2)-(6), 
as Rules 16.160(a)(1)-(5) respectively.
---------------------------------------------------------------------------

    \9\ 17 CFR 240.12f-2.
---------------------------------------------------------------------------

2. Statutory Basis
    IEX believes that the proposed rule change is consistent with the 
provisions of Section 6(b) \10\ of the Act in general, and furthers the 
objectives of Section 6(b)(5) of the Act \11\ in particular, in that it 
is designed to prevent fraudulent and manipulative acts and practices, 
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. Specifically, eliminating the requirement to file a 
Form 19b-4(e) for each Derivative Security the Exchange begins trading 
on a UTP basis removes an unnecessary regulatory requirement thereby 
providing for a more efficient process for adding Derivative Securities 
to trading on the Exchange on a UTP basis.
---------------------------------------------------------------------------

    \10\ 15 U.S.C. 78f(b).
    \11\ 15 U.S.C. 78f(b)(5).
---------------------------------------------------------------------------

    In addition, the Exchange notes that a substantially identical 
proposed rule change by NYSE National, Inc. (``NYSE National'') was 
recently approved by the Commission.\12\ In particular, the Commission 
noted in the approval order that it ``believes that the filing of a 
Form 19b-4(e) is not required when an Exchange is trading a new 
derivative securities product on a UTP basis only'' \13\ and also found 
that the NYSE National's proposed rule change is ``consistent with the 
requirements of Section 6(b)(5) of the Act.'' \14\
---------------------------------------------------------------------------

    \12\ See Securities Exchange Act Release No. 83289 (May 17, 
2018), 83 FR 23968 (May 23, 2018) (Order Approving File No. SR-
NYSENAT-2018-02).
    \13\ See supra note 12 at page 23975.
    \14\ See supra note 12 at page 23976.
---------------------------------------------------------------------------

    With respect to the renumbering of current Rules 16.160(a)(2)-(6) 
as Rule 11.160(a)(1)-(5), the Exchange believes that these changes are 
consistent with the Act because they will allow the Exchange to 
maintain a clear and organized rule structure, thus preventing investor 
confusion.

B. Self-Regulatory Organization's Statement on Burden on Competition

    IEX does not believe that the proposed rule change will result in 
any burden on competition that is not necessary or appropriate in 
furtherance of the purposes of the Act. To the contrary, removing the 
requirement to file a Form 19b-4(e) will serve to enhance competition 
by providing for the efficient addition of Derivative Securities for 
trading under UTP on IEX. To the extent that a competitor marketplace 
believes that the proposed rule change places it at a competitive 
disadvantage, it may file with the Commission a proposed rule change to 
adopt the same or similar rule.
    In addition, the proposal to renumber the current Rules 
16.160(a)(2)-(6) as Rules 16.160(a)(1)-(5) does not impact competition 
in any respect since it merely maintains a clear and organized rule 
structure.

C. Self-Regulatory Organization's Statement on Comments on the Proposed 
Rule Change Received From Members, Participants, or Others

    Written comments were neither solicited nor received.

III. Date of Effectiveness of the Proposed Rule Change and Timing for 
Commission Action

    The Exchange has designated this rule filing as non-controversial 
under Section 19(b)(3)(A) \15\ of the Act and Rule 19b-4(f)(6) \16\ 
thereunder. 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 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 and Rule 19b-
4(f)(6) thereunder.\17\
---------------------------------------------------------------------------

    \15\ 15 U.S.C. 78s(b)(3)(A).
    \16\ 17 CFR 240.19b-4(f)(6).
    \17\ As required under Rule 19b-4(f)(6)(iii), the Exchange 
provided the Commission with written notice of its 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 requested a waiver of the 30-day operative delay 
so that the Exchange can begin trading Derivative Securities on a UTP 
basis without filing a Form 19b-4(e) with the Commission prior to the 
end of the 30-day operative delay. Because the proposed rule change is 
based on a rule change previously approved by the Commission \18\ and 
does not present any novel issues, the Commission believes that waiving 
the 30-day operative delay period is consistent with the protection of 
investors and the public interest. Accordingly, the Commission 
designates the proposed rule change to be operative upon filing.\19\
---------------------------------------------------------------------------

    \18\ See supra note 12.
    \19\ For purposes only of waiving the 30-day operative delay, 
the Commission has also 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 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 under 
Section 19(b)(2)(B) \20\ of the Act to determine whether the proposed 
rule change should be approved or disapproved.
---------------------------------------------------------------------------

    \20\ 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 proposal 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-IEX-2018-14 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 No. SR-IEX-2018-14. 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

[[Page 32706]]

Reference Room, 100 F Street NE, Washington, DC 20549, on official 
business days between the hours of 10:00 a.m. and 3:00 p.m. Copies of 
such filing will also 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 No. SR-IEX-
2018-14 and should be submitted on or before August 3, 2018.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\21\
---------------------------------------------------------------------------

    \21\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------

Robert W. Errett,
Deputy Secretary.
[FR Doc. 2018-14962 Filed 7-12-18; 8:45 am]
 BILLING CODE P



                                                32704                             Federal Register / Vol. 83, No. 135 / Friday, July 13, 2018 / Notices

                                                acquired or disposed of, as the case may                 procedures established to achieve such                  Section 19(b)(3)(A) of the Act 7 and
                                                be.                                                      compliance.                                             provided the Commission with the
                                                   13. Any transaction fee 14 (including                   For the Commission, by the Division of                notice required by Rule 19b–4(f)(6)
                                                break-up or commitment fees but                          Investment Management, under delegated                  thereunder.8 The text of the proposed
                                                excluding broker’s fees contemplated by                  authority.                                              rule change is available at the
                                                section 17(e) or 57(k) of the Act, as                    Robert W. Errett,                                       Exchange’s website at
                                                applicable) received in connection with                  Deputy Secretary.                                       www.iextrading.com, at the principal
                                                a Co-Investment Transaction will be                                                                              office of the Exchange, and at the
                                                                                                         [FR Doc. 2018–14963 Filed 7–12–18; 8:45 am]
                                                distributed to the participating                                                                                 Commission’s Public Reference Room.
                                                                                                         BILLING CODE 8011–01–P
                                                Regulated Funds and Affiliated Funds                                                                             II. Self-Regulatory Organization’s
                                                on a pro rata basis based on the amounts                                                                         Statement of the Purpose of, and the
                                                they invested or committed, as the case                  SECURITIES AND EXCHANGE                                 Statutory Basis for, the Proposed Rule
                                                may be, in such Co-Investment                            COMMISSION                                              Change
                                                Transaction. If any transaction fee is to
                                                                                                                                                                    In its filing with the Commission, the
                                                be held by an AB–PCI Adviser pending                     [Release No. 34–83609; File No. SR–IEX–                 self-regulatory organization included
                                                consummation of the transaction, the                     2018–14]
                                                                                                                                                                 statements concerning the purpose of
                                                fee will be deposited into an account                                                                            and basis for the proposed rule change
                                                maintained by such AB–PCI Adviser at                     Self-Regulatory Organizations;
                                                                                                         Investors Exchange LLC; Notice of                       and discussed any comments it received
                                                a bank or banks having the                                                                                       on the proposed rule change. The text
                                                qualifications prescribed in section                     Filing and Immediate Effectiveness of
                                                                                                         Proposed Rule Change To Amend Rule                      of these statement [sic] may be
                                                26(a)(1) of the Act, and the account will                                                                        examined at the places specified in Item
                                                earn a competitive rate of interest that                 16.160 To Remove Form 19b–4(e)
                                                                                                         Filing Requirement                                      IV below. The self-regulatory
                                                will also be divided pro rata among the                                                                          organization has prepared summaries,
                                                participating Regulated Funds and                        July 9, 2018.                                           set forth in Sections A, B, and C below,
                                                Affiliated Funds based on the amounts                                                                            of the most significant aspects of such
                                                                                                            Pursuant to Section 19(b)(1) 1 of the
                                                they invest in such Co-Investment                                                                                statements.
                                                                                                         Securities Exchange Act of 1934 2 and
                                                Transaction. None of the Affiliated
                                                                                                         Rule 19b–4 thereunder,3 notice is                       A. Self-Regulatory Organization’s
                                                Funds, the AB–PCI Advisers, the other
                                                                                                         hereby given that, on June 26, 2018, the                Statement of the Purpose of, and the
                                                Regulated Funds or any affiliated person
                                                                                                         Investors Exchange LLC (‘‘IEX’’ or                      Statutory Basis for, the Proposed Rule
                                                of the Regulated Funds or Affiliated
                                                                                                         ‘‘Exchange’’) filed with the Securities                 Change
                                                Funds will receive additional
                                                                                                         and Exchange Commission
                                                compensation or remuneration of any                                                                              1. Purpose
                                                                                                         (‘‘Commission’’) the proposed rule
                                                kind as a result of or in connection with
                                                                                                         change as described in Items I and II                      The purpose of the proposed rule
                                                a Co-Investment Transaction (other than
                                                                                                         below, which Items have been prepared                   change is to amend Rule 16.160 related
                                                (a) in the case of the Regulated Funds
                                                                                                         by the self-regulatory organization. The                to derivative securities traded under
                                                and the Affiliated Funds, the pro rata
                                                                                                         Commission is publishing this notice to                 UTP by removing the requirement in
                                                transaction fees described above and
                                                                                                         solicit comments on the proposed rule                   Rule 16.160(a)(1) for the Exchange to
                                                fees or other compensation described in
                                                                                                         change from interested persons.                         file with the Commission a Form 19b–
                                                Condition 2(c)(iii)(C); and (b) in the case
                                                                                                         I. Self-Regulatory Organization’s                       4(e) for each Derivative Security, and
                                                of an AB–PCI Adviser, investment
                                                                                                         Statement of the Terms of Substance of                  renumbering the remaining rules of Rule
                                                advisory fees paid in accordance with
                                                                                                                                                                 16.160(a) to maintain an organized rule
                                                the agreement between the AB–PCI                         the Proposed Rule Change
                                                                                                                                                                 structure, as described below.
                                                Adviser and the Regulated Fund or                           Pursuant to the provisions of Section                   Rule 16.160(a)(1) sets forth the
                                                Affiliated Fund).                                        19(b)(1) under the Securities Exchange                  requirement for IEX to file with the
                                                   14. If the Holders own in the aggregate               Act of 1934 (‘‘Act’’),4 and Rule 19b–4                  Commission a Form 19b–4(e) with
                                                more than 25 percent of the Shares of                    thereunder,5 IEX is filing with the                     respect to each Derivative Security that
                                                a Regulated Fund, then the Holders will                  Commission a proposed rule change to                    is traded under UTP. However, IEX
                                                vote such Shares as directed by an                       amend IEX Rule 16.160 related to                        believes that it should not be necessary
                                                independent third party when voting                      derivative securities traded under                      to file a Form 19b–4(e) with the
                                                on: (1) The election of directors; (2) the               unlisted trading privileges (‘‘UTP’’) to                Commission if it begins trading a
                                                removal of one or more directors; or (3)                 remove the requirement in Rule                          Derivative Security on a UTP basis,
                                                any other matter under either the Act or                 16.160(a)(1) for the Exchange to file                   because Rule 19b–4(e)(1) under the Act
                                                applicable State law affecting the                       with the Commission a Form 19b–4(e)                     refers to the ‘‘listing and trading’’ of a
                                                Board’s composition, size or manner of                   for each ‘‘new derivative securities                    ‘‘new derivative securities product.’’
                                                election.                                                product’’ as defined in Rule 19b–4(e)                   The Exchange believes that the
                                                   15. Each Regulated Fund’s chief                       under the Act 6 (a ‘‘Derivative Security’’)             requirements of that rule refers [sic] to
                                                compliance officer, as defined in rule                   traded under UTP and renumber the                       when an exchange lists and trades a
                                                38a–1(a)(4), will prepare an annual                      remaining provisions of Rule 16.160(a)                  Derivative Security, and not when an
                                                report for its Board each year that                      to maintain an organized rule structure.                exchange seeks only to trade such
                                                evaluates (and documents the basis of                    The Exchange has designated this rule                   product on a UTP basis pursuant to Rule
sradovich on DSK3GMQ082PROD with NOTICES




                                                that evaluation) the Regulated Fund’s                    change as ‘‘non-controversial’’ under                   12f–2 under the Act.9 Therefore, IEX
                                                compliance with the terms and                                                                                    proposes to delete the requirement in
                                                conditions of the application and the                         1 15 U.S.C. 78s(b)(1).                             current Rule 16.160(a)(1) for IEX to file
                                                                                                              2 15 U.S.C. 78a.                                   a Form 19b–4(e) with the Commission
                                                                                                              3 17 CFR 240.19b–4.
                                                  14 Applicants are not requesting and the staff is
                                                                                                              4 15 U.S.C. 78s(b)(1).                               7 15 U.S.C. 78s(b)(3)(A).
                                                not providing any relief for transaction fees
                                                                                                              5 17 CRF [sic] 240.19b–4.                            8 17 CFR 240.19b–4(e) [sic].
                                                received in connection with any Co-Investment
                                                Transaction.                                                  6 17 CRF [sic] 240.19b–4(e).                         9 17 CFR 240.12f–2.




                                           VerDate Sep<11>2014   16:47 Jul 12, 2018   Jkt 244001   PO 00000     Frm 00087   Fmt 4703   Sfmt 4703   E:\FR\FM\13JYN1.SGM    13JYN1


                                                                                 Federal Register / Vol. 83, No. 135 / Friday, July 13, 2018 / Notices                                                       32705

                                                with respect to each Derivative Security                 file a Form 19b–4(e) will serve to                       designates the proposed rule change to
                                                it begins trading on a UTP basis. In                     enhance competition by providing for                     be operative upon filing.19
                                                addition, as a result of the deletion of                 the efficient addition of Derivative                        At any time within 60 days of the
                                                current Rule 16.160(a)(1) IEX proposes                   Securities for trading under UTP on IEX.                 filing of the proposed rule change, the
                                                to renumber current Rules 16.160(a)(2)–                  To the extent that a competitor                          Commission summarily may
                                                (6), as Rules 16.160(a)(1)–(5)                           marketplace believes that the proposed                   temporarily suspend such rule change if
                                                respectively.                                            rule change places it at a competitive                   it appears to the Commission that such
                                                                                                         disadvantage, it may file with the                       action is necessary or appropriate in the
                                                2. Statutory Basis                                                                                                public interest, for the protection of
                                                                                                         Commission a proposed rule change to
                                                   IEX believes that the proposed rule                   adopt the same or similar rule.                          investors, or otherwise in furtherance of
                                                change is consistent with the provisions                                                                          the purposes of the Act. If the
                                                                                                            In addition, the proposal to renumber
                                                of Section 6(b) 10 of the Act in general,                                                                         Commission takes such action, the
                                                                                                         the current Rules 16.160(a)(2)–(6) as
                                                and furthers the objectives of Section                                                                            Commission shall institute proceedings
                                                                                                         Rules 16.160(a)(1)–(5) does not impact
                                                6(b)(5) of the Act 11 in particular, in that                                                                      under Section 19(b)(2)(B) 20 of the Act to
                                                it is designed to prevent fraudulent and                 competition in any respect since it
                                                                                                                                                                  determine whether the proposed rule
                                                manipulative acts and practices, to                      merely maintains a clear and organized
                                                                                                                                                                  change should be approved or
                                                promote just and equitable principles of                 rule structure.
                                                                                                                                                                  disapproved.
                                                trade, to remove impediments to and                      C. Self-Regulatory Organization’s
                                                perfect the mechanism of a free and                                                                               IV. Solicitation of Comments
                                                                                                         Statement on Comments on the
                                                open market and a national market                        Proposed Rule Change Received From                         Interested persons are invited to
                                                system, and, in general, to protect                      Members, Participants, or Others                         submit written data, views and
                                                investors and the public interest.                                                                                arguments concerning the foregoing,
                                                Specifically, eliminating the                              Written comments were neither                          including whether the proposal is
                                                requirement to file a Form 19b–4(e) for                  solicited nor received.                                  consistent with the Act. Comments may
                                                each Derivative Security the Exchange                    III. Date of Effectiveness of the                        be submitted by any of the following
                                                begins trading on a UTP basis removes                    Proposed Rule Change and Timing for                      methods:
                                                an unnecessary regulatory requirement                    Commission Action                                        Electronic Comments
                                                thereby providing for a more efficient
                                                process for adding Derivative Securities                    The Exchange has designated this rule                   • Use the Commission’s internet
                                                to trading on the Exchange on a UTP                      filing as non-controversial under                        comment form (http://www.sec.gov/
                                                basis.                                                   Section 19(b)(3)(A) 15 of the Act and                    rules/sro.shtml); or
                                                   In addition, the Exchange notes that a                Rule 19b–4(f)(6) 16 thereunder. Because                    • Send an email to rule-comments@
                                                substantially identical proposed rule                    the proposed rule change does not: (i)                   sec.gov. Please include File Number SR–
                                                change by NYSE National, Inc. (‘‘NYSE                    Significantly affect the protection of                   IEX–2018–14 on the subject line.
                                                National’’) was recently approved by the                 investors or the public interest; (ii)                   Paper Comments
                                                Commission.12 In particular, the                         impose any significant burden on
                                                Commission noted in the approval order                                                                               • Send paper comments in triplicate
                                                                                                         competition; and (iii) become operative
                                                that it ‘‘believes that the filing of a Form                                                                      to Secretary, Securities and Exchange
                                                                                                         for 30 days from the date on which it
                                                19b–4(e) is not required when an                                                                                  Commission, 100 F Street NE,
                                                                                                         was filed, or such shorter time as the
                                                Exchange is trading a new derivative                                                                              Washington, DC 20549–1090.
                                                                                                         Commission may designate, it has
                                                securities product on a UTP basis                        become effective pursuant to Section                     All submissions should refer to File No.
                                                only’’ 13 and also found that the NYSE                   19(b)(3)(A) of the Act and Rule 19b–                     SR–IEX–2018–14. This file number
                                                National’s proposed rule change is                       4(f)(6) thereunder.17                                    should be included on the subject line
                                                ‘‘consistent with the requirements of                                                                             if email is used. To help the
                                                                                                            The Exchange has requested a waiver                   Commission process and review your
                                                Section 6(b)(5) of the Act.’’ 14
                                                   With respect to the renumbering of                    of the 30-day operative delay so that the                comments more efficiently, please use
                                                current Rules 16.160(a)(2)–(6) as Rule                   Exchange can begin trading Derivative                    only one method. The Commission will
                                                11.160(a)(1)–(5), the Exchange believes                  Securities on a UTP basis without filing                 post all comments on the Commission’s
                                                that these changes are consistent with                   a Form 19b–4(e) with the Commission                      internet website (http://www.sec.gov/
                                                the Act because they will allow the                      prior to the end of the 30-day operative                 rules/sro.shtml). Copies of the
                                                Exchange to maintain a clear and                         delay. Because the proposed rule change                  submission, all subsequent
                                                organized rule structure, thus                           is based on a rule change previously                     amendments, all written statements
                                                preventing investor confusion.                           approved by the Commission 18 and                        with respect to the proposed rule
                                                                                                         does not present any novel issues, the                   change that are filed with the
                                                B. Self-Regulatory Organization’s                        Commission believes that waiving the                     Commission, and all written
                                                Statement on Burden on Competition                       30-day operative delay period is                         communications relating to the
                                                  IEX does not believe that the                          consistent with the protection of                        proposed rule change between the
                                                proposed rule change will result in any                  investors and the public interest.                       Commission and any person, other than
                                                burden on competition that is not                        Accordingly, the Commission                              those that may be withheld from the
                                                necessary or appropriate in furtherance                                                                           public in accordance with the
                                                                                                              15 15
                                                                                                                 U.S.C. 78s(b)(3)(A).
                                                of the purposes of the Act. To the                                                                                provisions of 5 U.S.C. 552, will be
                                                                                                              16 17
                                                                                                                 CFR 240.19b–4(f)(6).
                                                contrary, removing the requirement to                                                                             available for website viewing and
sradovich on DSK3GMQ082PROD with NOTICES




                                                                                                           17 As required under Rule 19b–4(f)(6)(iii), the

                                                                                                         Exchange provided the Commission with written            printing in the Commission’s Public
                                                  10 15 U.S.C. 78f(b).                                   notice of its intent to file the proposed rule change,
                                                  11 15 U.S.C. 78f(b)(5).                                along with a brief description and the text of the          19 For purposes only of waiving the 30-day
                                                  12 See Securities Exchange Act Release No. 83289
                                                                                                         proposed rule change, at least five business days        operative delay, the Commission has also
                                                (May 17, 2018), 83 FR 23968 (May 23, 2018) (Order        prior to the date of filing of the proposed rule         considered the proposed rule’s impact on
                                                Approving File No. SR–NYSENAT–2018–02).                  change, or such shorter time as designated by the        efficiency, competition, and capital formation. See
                                                  13 See supra note 12 at page 23975.                    Commission.                                              15 U.S.C. 78c(f).
                                                  14 See supra note 12 at page 23976.                      18 See supra note 12.                                     20 15 U.S.C. 78s(b)(2)(B).




                                           VerDate Sep<11>2014   16:47 Jul 12, 2018   Jkt 244001   PO 00000     Frm 00088   Fmt 4703   Sfmt 4703   E:\FR\FM\13JYN1.SGM   13JYN1


                                                32706                              Federal Register / Vol. 83, No. 135 / Friday, July 13, 2018 / Notices

                                                Reference Room, 100 F Street NE,                           not ask respondents to identify                       imported from abroad for temporary
                                                Washington, DC 20549, on official                          themselves except by NAICS Code. The                  exhibition within the United States, are
                                                business days between the hours of                         form asks whether the event provided                  of cultural significance. The objects are
                                                10:00 a.m. and 3:00 p.m. Copies of such                    practical information which allowed                   imported pursuant to loan agreements
                                                filing will also be available for                          them to manage their businesses more                  with the foreign owners or custodians.
                                                inspection and copying at the principal                    effectively and efficiently and gave them             I also determine that the exhibition or
                                                office of the Exchange. All comments                       a good working knowledge of the                       display of the exhibit objects at The
                                                received will be posted without change.                    subject. It asks whether the program was              Metropolitan Museum of Art, New York,
                                                Persons submitting comments are                            sufficient. It asks whether each speaker              New York, from on or about September
                                                cautioned that we do not redact or edit                    was well-organized, interesting,                      17, 2018, until on or about January 6,
                                                personal identifying information from                      presented information at the appropriate              2019, and at possible additional
                                                comment submissions. You should                            level, and communicated well. It asks                 exhibitions or venues yet to be
                                                submit only information that you wish                      for suggestions for improvement, and for              determined, is in the national interest.
                                                to make available publicly. All                            ideas for new topics.                                 I have ordered that Public Notice of
                                                submissions should refer to File No.                          The form asks some demographic                     these determinations be published in
                                                SR–IEX–2018–14 and should be                               information so that SBA can better                    the Federal Register.
                                                submitted on or before August 3, 2018.                     understand the community which these                  FOR FURTHER INFORMATION CONTACT: Julie
                                                  For the Commission, by the Division of                   events serve. Where the event relates to              Simpson, Attorney-Adviser, Office of
                                                Trading and Markets, pursuant to delegated                 government contracting, it asks whether               the Legal Adviser, U.S. Department of
                                                authority.21                                               the respondent has taken advantage of                 State (telephone: 202–632–6471; email:
                                                Robert W. Errett,                                          various government contracting                        section2459@state.gov). The mailing
                                                Deputy Secretary.                                          programs which SBA offers.                            address is U.S. Department of State,
                                                                                                              SBA may also use this form to help                 L/PD, SA–5, Suite 5H03, Washington,
                                                [FR Doc. 2018–14962 Filed 7–12–18; 8:45 am]
                                                                                                           evaluate programs which it conducts by                DC 20522–0505.
                                                BILLING CODE P
                                                                                                           itself. Responding to the questionnaire               SUPPLEMENTARY INFORMATION: The
                                                                                                           is entirely voluntary.                                foregoing determinations were made
                                                                                                           Solicitation of Public Comments                       pursuant to the authority vested in me
                                                SMALL BUSINESS ADMINISTRATION
                                                                                                                                                                 by the Act of October 19, 1965 (79 Stat.
                                                                                                             SBA is requesting comments on (a)                   985; 22 U.S.C. 2459), E.O. 12047 of
                                                Data Collection Available for Public                       Whether the collection of information is
                                                Comments                                                                                                         March 27, 1978, the Foreign Affairs
                                                                                                           necessary for the agency to properly                  Reform and Restructuring Act of 1998
                                                      60-Day notice and request for
                                                ACTION:                                                    perform its functions; (b) whether the                (112 Stat. 2681, et seq.; 22 U.S.C. 6501
                                                comments.                                                  burden estimates are accurate; (c)                    note, et seq.), Delegation of Authority
                                                                                                           whether there are ways to minimize the                No. 234 of October 1, 1999, Delegation
                                                SUMMARY:   The Small Business                              burden, including through the use of                  of Authority No. 236–3 of August 28,
                                                Administration (SBA) intends to request                    automated techniques or other forms of                2000, and Delegation of Authority No.
                                                approval, from the Office of                               information technology; and (d) whether               236–10 of July 6, 2018.
                                                Management and Budget (OMB) for the                        there are ways to enhance the quality,
                                                collection of information described                        utility, and clarity of the information.              Jennifer Z. Galt,
                                                below. The Paperwork Reduction Act                                                                               Principal Deputy Assistant Secretary for
                                                                                                           Summary of Information Collection                     Educational and Cultural Affairs, Department
                                                (PRA) of 1995, requires federal agencies
                                                to publish a notice in the Federal                           Title: Outreach Event Survey.                       of State.
                                                Register concerning each proposed                            Description of Respondents: Those                   [FR Doc. 2018–15025 Filed 7–12–18; 8:45 am]
                                                collection of information before                           who attend events which SBA                           BILLING CODE 4710–05–P
                                                submission to OMB, and to allow 60                         cosponsors with other organizations.
                                                days for public comment in response to                       Form Number: 20.
                                                the notice. This notice complies with                        Total Estimated Annual Responses:                   DEPARTMENT OF STATE
                                                such requirements.                                         90,600.                                               [Public Notice: 10461]
                                                DATES: Submit comments on or before
                                                                                                             Total Estimated Annual Hour Burden:
                                                September 11, 2018.                                        3,020.                                                Notice of Determinations; Culturally
                                                ADDRESSES: Send all comments to                            Curtis Rich,                                          Significant Objects Imported for
                                                Stephen Morris, Director, Office of                        Management Analyst.
                                                                                                                                                                 Exhibition—Determinations: ‘‘Keir
                                                Strategic Alliances, Small Business                                                                              Collection of Art of the Islamic World’’
                                                                                                           [FR Doc. 2018–15022 Filed 7–12–18; 8:45 am]
                                                Administration, 409 3rd Street,                                                                                  Exhibitions
                                                                                                           BILLING CODE 8025–01–P
                                                Washington, DC 20416.                                                                                            SUMMARY:   Notice is hereby given of the
                                                FOR FURTHER INFORMATION CONTACT:                                                                                 following determinations: I hereby
                                                Stephen Morris, 202–205–7422,                              DEPARTMENT OF STATE                                   determine that two objects to be
                                                Stephen.morris@sba.gov, or Curtis B.                                                                             included in exhibitions of the Keir
                                                Rich, SBA PRA Officer, 202–205–7030,                       [Public Notice: 10462]                                Collection of Art of the Islamic World,
                                                curtis.rich@sba.gov.                                                                                             re-imported from abroad for temporary
                                                                                                           Notice of Determinations; Culturally
                                                                                                                                                                 exhibition within the United States, are
sradovich on DSK3GMQ082PROD with NOTICES




                                                SUPPLEMENTARY INFORMATION: This form
                                                                                                           Significant Objects Imported for
                                                is a three-page questionnaire,                             Exhibition—Determinations:                            of cultural significance. The objects are
                                                principally in checklist form, designed                    ‘‘Delacroix’’ Exhibition                              re-imported pursuant to a loan
                                                to give SBA feedback from those who                                                                              agreement with the foreign owner or
                                                attend events which SBA cosponsors                         SUMMARY:  Notice is hereby given of the               custodian. I also determine that the
                                                with other organizations. The form does                    following determinations: I hereby                    exhibition or display of the first object
                                                                                                           determine that certain objects to be                  at the Dallas Museum of Art, in Dallas,
                                                  21 17   CFR 200.30–3(a)(12).                             included in the exhibition ‘‘Delacroix,’’             Texas, and at possible additional


                                           VerDate Sep<11>2014     16:47 Jul 12, 2018   Jkt 244001   PO 00000   Frm 00089   Fmt 4703   Sfmt 4703   E:\FR\FM\13JYN1.SGM   13JYN1



Document Created: 2018-07-13 01:04:28
Document Modified: 2018-07-13 01:04:28
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 32704 

2025 Federal Register | Disclaimer | Privacy Policy
USC | CFR | eCFR