83 FR 37873 - Self-Regulatory Organizations; Nasdaq MRX, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Codify the Definitions of the Protocols That Members Can Use To Enter Quotes and Orders
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 83, Issue 149 (August 2, 2018)
Federal Register Volume 83, Issue 149 (August 2, 2018)
| Page Range | 37873-37875 | |
| FR Document | 2018-16526 |
[Federal Register Volume 83, Number 149 (Thursday, August 2, 2018)] [Notices] [Pages 37873-37875] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2018-16526] ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION [Release No. 34-83730; File No. SR-MRX-2018-25] Self-Regulatory Organizations; Nasdaq MRX, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Codify the Definitions of the Protocols That Members Can Use To Enter Quotes and Orders July 27, 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 July 16, 2018, Nasdaq MRX, LLC (``MRX'' 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. --------------------------------------------------------------------------- \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 codify the definitions of the protocols that Members can use to enter quotes and orders on the Exchange. The text of the proposed rule change is available on the Exchange's website at http://nasdaqmrx.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 purpose of the proposed rule change is to codify the definitions of the protocols that Members use to enter quotes and orders on the Exchange, specifically, the Specialized Quote Feed (``SQF''), Ouch to Trade Options (``OTTO''), and Financial Information eXchange (``FIX''). On July 20, 2017, the Exchange filed a proposed rule change that established the ports that Members use to connect to the Exchange, including ports used for quote and order entry--i.e., SQF, OTTO and FIX.\3\ The protocols used by Members to submit quotes and orders play an important role in the operation of the trading system as critical Exchange functionality used by Members to transact in options is offered through [[Page 37874]] these protocols. The Exchange therefore believes that codifying definitions of these protocols in its rules will increase transparency around its operations. --------------------------------------------------------------------------- \3\ See Securities Exchange Act Release No. 81312 (August 3, 2017), 82 FR 37253 (August 9, 2017) (SR-MRX-2017-13). --------------------------------------------------------------------------- The proposed language is substantially similar to the language included in SR-MRX-2017-13 with changes to more clearly and accurately reflect the certain information included on each protocol, such as by separating out different categories of messages (e.g., auction orders, auction notifications, and auction responses). Furthermore, the proposed definitions will be harmonized where appropriate with definitions to be included in the rules of the Exchange's affiliated options markets, including by using consistent terms to define the buckets of information transmitted, or the features available, on each protocol.\4\ Although the Exchange is changing how it categorizes various features included on FIX, OTTO, and SQF as part of its harmonization effort, the list of features included in the proposed definitions are intended to be exhaustive with respect to the buckets of information provided on each protocol. The Exchange believes that the proposed changes will allow Members to more easily understand what information is available on which protocol. --------------------------------------------------------------------------- \4\ The Exchange's affiliates--i.e., Nasdaq ISE, LLC (``ISE''), Nasdaq GEMX, LLC (``GEMX''), Nasdaq PHLX LLC (``Phlx''), Nasdaq Options Market (``NOM''), and Nasdaq BX, LLC (``BX'')--intend to file similar rule changes as part of this exercise. --------------------------------------------------------------------------- As proposed, Supplementary Material .03 to Rule 715 (i.e., Types of Orders) will provide that the Exchange offers Members the following protocols for entering orders and quotes respectively: A. Financial Information eXchange Ports When the Exchange initially filed to adopt order and quote entry protocols, it described the FIX protocol as follows: ``FIX is an interface that allows market participants to connect and send orders and auction orders into the Exchange. Data includes the following: (1) Options Symbol Directory Messages; (2) System Event Messages (e.g., start of messages, start of system hours, start of quoting, start of opening); (3) Option Trading Action Messages (e.g., halts, resumes); (4) Execution Messages; (5) Order Messages (order messages, risk protection triggers or purge notifications).'' The Exchange now proposes to codify the following definition of FIX in its rulebook: ``Financial Information eXchange'' or ``FIX'' is an interface that allows Members and their Sponsored Customers \5\ to connect, send, and receive messages related to orders and auction orders to the Exchange. Features include the following: (1) Execution messages; (2) order messages; (3) risk protection triggers and cancel notifications; and (4) post trade allocation messages. --------------------------------------------------------------------------- \5\ A ``Sponsored Customer'' is a non-member of the Exchange that trades under a sponsoring member's execution and clearing identity pursuant to a sponsorship arrangement between such non- member and sponsoring member, as set forth in Supplementary Material to Rule 706. --------------------------------------------------------------------------- B. Ouch To Trade Options Ports When the Exchange initially filed to adopt order and quote entry protocols, it described the OTTO protocol as follows: ``OTTO is an interface that allows market participants to connect and send orders, auction orders and auction responses into the Exchange. Data includes the following: (1) Options Auction Notifications (e.g., Flash, PIM, Solicitation and Facilitation or other information); (2) Options Symbol Directory Messages; (3) System Event Messages (e.g., start of messages, start of system hours, start of quoting, start of opening); (5) Option Trading Action Messages (e.g., halts, resumes); (6) Execution Messages; (7) Order Messages (order messages, risk protection triggers or purge notifications).'' The Exchange now proposes to codify the following definition of OTTO in its rulebook: ``Ouch to Trade Options'' or ``OTTO'' is an interface that allows Members and their Sponsored Customers to connect, send, and receive messages related to orders, auction orders, and auction responses to the Exchange. Features include the following: (1) Options symbol directory messages (e.g., underlying instruments); (2) system event messages (e.g., start of trading hours messages and start of opening); (3) trading action messages (e.g., halts and resumes); (4) execution messages; (5) order messages; (6) risk protection triggers and cancel notifications; (7) auction notifications; (8) auction responses; and (9) post trade allocation messages. C. Specialized Quote Feed Ports When the Exchange initially filed to adopt order and quote entry protocols, it described the SQF protocol as follows: ``SQF is an interface that allows market makers to connect and send quotes, sweeps and auction responses into the Exchange. Data includes the following: (1) Options Auction Notifications (e.g., opening imbalance, Flash, PIM, Solicitation and Facilitation or other information); (2) Options Symbol Directory Messages; (3) System Event Messages (e.g., start of messages, start of system hours, start of quoting, start of opening); (4) Option Trading Action Messages (e.g., halts, resumes); (5) Execution Messages; (6) Quote Messages (quote/sweep messages, risk protection triggers or purge notifications).'' The Exchange now proposes to codify the following definition of SQF in its rulebook: ``Specialized Quote Feed'' or ``SQF'' is an interface that allows market makers to connect, send, and receive messages related to quotes, Immediate-or-Cancel Orders, and auction responses to the Exchange. Features include the following: (1) Options symbol directory messages (e.g., underlying instruments); (2) system event messages (e.g., start of trading hours messages and start of opening); (3) trading action messages (e.g., halts and resumes); (4) execution messages; (5) quote messages; (6) Immediate-or-Cancel Order messages; (7) risk protection triggers and purge notifications; (8) opening imbalance messages; (9) auction notifications; and (10) auction responses. The SQF Purge Interface only receives and notifies of purge requests from the market maker.\6\ --------------------------------------------------------------------------- \6\ All of the notification messages available on SQF ports as described above (i.e., options symbol directory messages, system event messages, trading action messages, etc.) are configurable in that market makers can select the specific types of notifications they wish to receive on their SQF ports. As such, SQF Purge Interface ports are a subpart of SQF ports that have been configured to only receive and notify of purge requests. --------------------------------------------------------------------------- 2. Statutory Basis The Exchange believes that the proposed rule change is consistent with Section 6(b) of the Securities Exchange Act of 1934 (the ``Act''),\7\ in general, and furthers the objectives of Section 6(b)(5) of the Act,\8\ in particular, in that it is designed to promote just and equitable principles of trade, to remove impediments to and perfect the mechanism for a free and open market and a national market system, and, in general, to protect investors and the public interest. --------------------------------------------------------------------------- \7\ 15 U.S.C. 78f(b). \8\ 15 U.S.C. 78f(b)(5). --------------------------------------------------------------------------- The Exchange believes that the proposed rule change is consistent with the protection of investors and the public interest as it codifies the protocols used to connect to the Exchange's trading system. As discussed above, the Exchange previously filed to establish FIX, OTTO, and SQF in SR-MRX-2017-13. These protocols will now be codified in the Exchange's rulebook. While no functional changes to the protocols are proposed in this filing, the Exchange believes that including a description of the protocols in its [[Page 37875]] rulebook will benefit Members by increasing transparency around the operation of the Exchange. Furthermore, the proposed definitions being included in the rulebook will more clearly and accurately reflect the information included on the protocols, and will be harmonized with language to be included in the rules of its affiliated exchanges to the extent that the protocols operate in the same manner. The protocols described in this filing provide a range of important features to Members, including the ability to submit quotes and orders, and perform other functions necessary to manage trading on the Exchange. The Exchange believes codifying the quote and order entry protocols will increase transparency to the Members that use these protocols to connect to the Exchange. B. Self-Regulatory Organization's Statement on Burden on Competition In accordance with Section 6(b)(8) of the Act,\9\ the Exchange does not believe that the proposed rule change will impose any burden on intermarket or intramarket competition that is not necessary or appropriate in furtherance of the purposes of the Act. As explained above, the Exchange is codifying the quote and order entry protocols that Members use to connect to the Exchange's trading system. The Exchange does not believe that codifying these protocols in the rulebook will have any competitive impact. FIX, OTTO, and SQF were established in SR-MRX-2017-13, and are already available to Members, who use these protocols to connect and manage their trading activity on the Exchange. Adding rule language that describes these Exchange offerings will increase transparency around the operation of the Exchange without having any impact on intermarket or intramarket competition. --------------------------------------------------------------------------- \9\ 15 U.S.C. 78f(b)(8). --------------------------------------------------------------------------- C. Self-Regulatory Organization's Statement on Comments on the Proposed Rule Change Received From Members, Participants, or Others No written comments were either solicited or received. III. Date of Effectiveness of the Proposed Rule Change and Timing for Commission Action Because the foregoing proposed rule change does not: (i) Significantly affect the protection of investors or the public interest; (ii) impose any significant burden on competition; and (iii) become operative for 30 days from the date on which it was filed, or such shorter time as the Commission may designate, it has become effective pursuant to Section 19(b)(3)(A)(iii) of the Act \10\ and subparagraph (f)(6) of Rule 19b-4 thereunder.\11\ --------------------------------------------------------------------------- \10\ 15 U.S.C. 78s(b)(3)(A)(iii). \11\ 17 CFR 240.19b-4(f)(6). In addition, Rule 19b-4(f)(6) requires a self-regulatory organization to give the Commission written notice of its intent to file the proposed rule change at least five business days prior to the date of filing of the proposed rule change, or such shorter time as designated by the Commission. In this case, the Commission waives the five-day pre-filing requirement. --------------------------------------------------------------------------- At any time within 60 days of the filing of the proposed rule change, the Commission summarily may temporarily suspend such rule change if it appears to the Commission that such action is: (i) Necessary or appropriate in the public interest; (ii) for the protection of investors; or (iii) otherwise in furtherance of the purposes of the Act. If the Commission takes such action, the Commission shall institute proceedings to determine whether the proposed rule should be approved or disapproved. IV. Solicitation of Comments Interested persons are invited to submit written data, views, and arguments concerning the foregoing, including whether the proposed rule change is consistent with the Act. Comments may be submitted by any of the following methods: Electronic 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-MRX-2018-25 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-MRX-2018-25. 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-MRX-2018-25 and should be submitted on or before August 23, 2018. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.\12\ --------------------------------------------------------------------------- \12\ 17 CFR 200.30-3(a)(12). --------------------------------------------------------------------------- Robert W. Errett, Deputy Secretary. [FR Doc. 2018-16526 Filed 8-1-18; 8:45 am] BILLING CODE 8011-01-P
![Federal Register / Vol. 83, No. 149 / Thursday, August 2, 2018 / Notices 37873
C. Self-Regulatory Organization’s number should be included on the ‘‘Exchange’’) filed with the Securities
Statement on Comments on the subject line if email is used. To help the and Exchange Commission
Proposed Rule Change Received From Commission process and review your (‘‘Commission’’) the proposed rule
Members, Participants, or Others comments more efficiently, please use change as described in Items I and II
No written comments were either only one method. The Commission will below, which Items have been prepared
solicited or received. post all comments on the Commission’s by the Exchange. The Commission is
internet website (http://www.sec.gov/ publishing this notice to solicit
III. Date of Effectiveness of the rules/sro.shtml). Copies of the comments on the proposed rule change
Proposed Rule Change and Timing for submission, all subsequent from interested persons.
Commission Action amendments, all written statements
I. Self-Regulatory Organization’s
Because the foregoing proposed rule with respect to the proposed rule
Statement of the Terms of Substance of
change does not: (i) Significantly affect change that are filed with the
the Proposed Rule Change
the protection of investors or the public Commission, and all written
communications relating to the The Exchange proposes to codify the
interest; (ii) impose any significant
proposed rule change between the definitions of the protocols that
burden on competition; and (iii) become
Commission and any person, other than Members can use to enter quotes and
operative for 30 days from the date on
those that may be withheld from the orders on the Exchange.
which it was filed, or such shorter time The text of the proposed rule change
as the Commission may designate, it has public in accordance with the
provisions of 5 U.S.C. 552, will be is available on the Exchange’s website at
become effective pursuant to Section http://nasdaqmrx.cchwallstreet.com/, at
19(b)(3)(A)(iii) of the Act 15 and available for website viewing and
printing in the Commission’s Public the principal office of the Exchange, and
subparagraph (f)(6) of Rule 19b–4 at the Commission’s Public Reference
thereunder.16 Reference Room, 100 F Street NE,
Washington, DC 20549, on official Room.
At any time within 60 days of the
filing of the proposed rule change, the business days between the hours of II. Self-Regulatory Organization’s
Commission summarily may 10:00 a.m. and 3:00 p.m. Copies of the Statement of the Purpose of, and
temporarily suspend such rule change if filing also will be available for Statutory Basis for, the Proposed Rule
it appears to the Commission that such inspection and copying at the principal Change
action is: (i) Necessary or appropriate in office of the Exchange. All comments
received will be posted without change. In its filing with the Commission, the
the public interest; (ii) for the protection Exchange included statements
of investors; or (iii) otherwise in Persons submitting comments are
cautioned that we do not redact or edit concerning the purpose of and basis for
furtherance of the purposes of the Act. the proposed rule change and discussed
If the Commission takes such action, the personal identifying information from
comment submissions. You should any comments it received on the
Commission shall institute proceedings proposed rule change. The text of these
to determine whether the proposed rule submit only information that you wish
to make available publicly. All statements may be examined at the
should be approved or disapproved. places specified in Item IV below. The
submissions should refer to File
IV. Solicitation of Comments Number SR–ISE–2018–65 and should be Exchange has prepared summaries, set
submitted on or before August 23, 2018. forth in sections A, B, and C below, of
Interested persons are invited to the most significant aspects of such
submit written data, views, and For the Commission, by the Division of
statements.
arguments concerning the foregoing, Trading and Markets, pursuant to delegated
including whether the proposed rule authority.17 A. Self-Regulatory Organization’s
change is consistent with the Act. Robert W. Errett, Statement of the Purpose of, and
Comments may be submitted by any of Deputy Secretary. Statutory Basis for, the Proposed Rule
the following methods: [FR Doc. 2018–16534 Filed 8–1–18; 8:45 am] Change
BILLING CODE 8011–01–P
Electronic Comments 1. Purpose
• Use the Commission’s internet The purpose of the proposed rule
comment form (http://www.sec.gov/ SECURITIES AND EXCHANGE change is to codify the definitions of the
rules/sro.shtml); or COMMISSION protocols that Members use to enter
• Send an email to rule-comments@ quotes and orders on the Exchange,
[Release No. 34–83730; File No. SR–MRX– specifically, the Specialized Quote Feed
sec.gov. Please include File Number SR– 2018–25]
ISE–2018–65 on the subject line. (‘‘SQF’’), Ouch to Trade Options
Self-Regulatory Organizations; Nasdaq (‘‘OTTO’’), and Financial Information
Paper Comments eXchange (‘‘FIX’’). On July 20, 2017, the
MRX, LLC; Notice of Filing and
• Send paper comments in triplicate Immediate Effectiveness of Proposed Exchange filed a proposed rule change
to Secretary, Securities and Exchange Rule Change To Codify the Definitions that established the ports that Members
Commission, 100 F Street NE, of the Protocols That Members Can use to connect to the Exchange,
Washington, DC 20549–1090. Use To Enter Quotes and Orders including ports used for quote and order
All submissions should refer to File entry—i.e., SQF, OTTO and FIX.3 The
Number SR–ISE–2018–65. This file July 27, 2018. protocols used by Members to submit
Pursuant to Section 19(b)(1) of the quotes and orders play an important
Securities Exchange Act of 1934 role in the operation of the trading
daltland on DSKBBV9HB2PROD with NOTICES
15 15 U.S.C. 78s(b)(3)(A)(iii).
16 17 CFR 240.19b–4(f)(6). In addition, Rule 19b– (‘‘Act’’),1 and Rule 19b–4 thereunder,2 system as critical Exchange
4(f)(6) requires a self-regulatory organization to give notice is hereby given that on July 16, functionality used by Members to
the Commission written notice of its intent to file 2018, Nasdaq MRX, LLC (‘‘MRX’’ or
the proposed rule change at least five business days transact in options is offered through
prior to the date of filing of the proposed rule
17 17 CFR 200.30–3(a)(12).
change, or such shorter time as designated by the 3 See Securities Exchange Act Release No. 81312
1 15 U.S.C. 78s(b)(1).
Commission. The Exchange has satisfied this (August 3, 2017), 82 FR 37253 (August 9, 2017)
requirement. 2 17 CFR 240.19b–4. (SR–MRX–2017–13).
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![Federal Register / Vol. 83, No. 149 / Thursday, August 2, 2018 / Notices 37875
rulebook will benefit Members by which it was filed, or such shorter time those that may be withheld from the
increasing transparency around the as the Commission may designate, it has public in accordance with the
operation of the Exchange. Furthermore, become effective pursuant to Section provisions of 5 U.S.C. 552, will be
the proposed definitions being included 19(b)(3)(A)(iii) of the Act 10 and available for website viewing and
in the rulebook will more clearly and subparagraph (f)(6) of Rule 19b–4 printing in the Commission’s Public
accurately reflect the information thereunder.11 Reference Room, 100 F Street NE,
included on the protocols, and will be At any time within 60 days of the Washington, DC 20549, on official
harmonized with language to be filing of the proposed rule change, the business days between the hours of
included in the rules of its affiliated Commission summarily may 10:00 a.m. and 3:00 p.m. Copies of the
exchanges to the extent that the temporarily suspend such rule change if filing also will be available for
protocols operate in the same manner. it appears to the Commission that such inspection and copying at the principal
The protocols described in this filing action is: (i) Necessary or appropriate in office of the Exchange. All comments
provide a range of important features to the public interest; (ii) for the protection received will be posted without change.
Members, including the ability to of investors; or (iii) otherwise in Persons submitting comments are
submit quotes and orders, and perform furtherance of the purposes of the Act. cautioned that we do not redact or edit
other functions necessary to manage If the Commission takes such action, the personal identifying information from
trading on the Exchange. The Exchange Commission shall institute proceedings comment submissions. You should
believes codifying the quote and order to determine whether the proposed rule submit only information that you wish
entry protocols will increase should be approved or disapproved. to make available publicly. All
transparency to the Members that use submissions should refer to File
these protocols to connect to the IV. Solicitation of Comments
Number SR–MRX–2018–25 and should
Exchange. Interested persons are invited to be submitted on or before August 23,
submit written data, views, and 2018.
B. Self-Regulatory Organization’s
arguments concerning the foregoing,
Statement on Burden on Competition For the Commission, by the Division of
including whether the proposed rule Trading and Markets, pursuant to delegated
In accordance with Section 6(b)(8) of change is consistent with the Act. authority.12
the Act,9 the Exchange does not believe Comments may be submitted by any of
that the proposed rule change will Robert W. Errett,
the following methods:
impose any burden on intermarket or Deputy Secretary.
intramarket competition that is not Electronic Comments [FR Doc. 2018–16526 Filed 8–1–18; 8:45 am]
necessary or appropriate in furtherance • Use the Commission’s internet BILLING CODE 8011–01–P
of the purposes of the Act. As explained comment form (http://www.sec.gov/
above, the Exchange is codifying the rules/sro.shtml); or
quote and order entry protocols that • Send an email to rule-comments@ SECURITIES AND EXCHANGE
Members use to connect to the sec.gov. Please include File Number SR– COMMISSION
Exchange’s trading system. The MRX–2018–25 on the subject line.
Exchange does not believe that [Release No. 34–83724; File No. SR–OCC–
Paper Comments
codifying these protocols in the 2018–010]
rulebook will have any competitive • Send paper comments in triplicate
impact. FIX, OTTO, and SQF were to Secretary, Securities and Exchange Self-Regulatory Organizations; The
established in SR–MRX–2017–13, and Commission, 100 F Street NE, Options Clearing Corporation; Notice
are already available to Members, who Washington, DC 20549–1090. of Filing and Immediate Effectiveness
use these protocols to connect and All submissions should refer to File of Proposed Rule Change To Amend
manage their trading activity on the Number SR–MRX–2018–25. This file the Definition of Flexibly Structured
Exchange. Adding rule language that number should be included on the Options
describes these Exchange offerings will subject line if email is used. To help the July 27, 2018.
increase transparency around the Commission process and review your
operation of the Exchange without comments more efficiently, please use Pursuant to Section 19(b)(1) of the
having any impact on intermarket or only one method. The Commission will Securities Exchange Act of 1934
intramarket competition. post all comments on the Commission’s (‘‘Act’’),1 and Rule 19b–4 thereunder,2
internet website (http://www.sec.gov/ notice is hereby given that on July 16,
C. Self-Regulatory Organization’s 2018, The Options Clearing Corporation
Statement on Comments on the rules/sro.shtml). Copies of the
submission, all subsequent (‘‘OCC’’) filed with the Securities and
Proposed Rule Change Received From Exchange Commission (‘‘Commission’’)
Members, Participants, or Others amendments, all written statements
with respect to the proposed rule the proposed rule change as described
No written comments were either change that are filed with the in Items I, II, and III below, which Items
solicited or received. Commission, and all written have been prepared by OCC. OCC filed
III. Date of Effectiveness of the communications relating to the the proposed rule change pursuant to
Proposed Rule Change and Timing for proposed rule change between the Section 19(b)(3)(A) 3 of the Act and Rule
Commission Action Commission and any person, other than 19b–4(f)(4)(ii) 4 thereunder so that the
proposal was effective upon filing with
Because the foregoing proposed rule the Commission. The Commission is
daltland on DSKBBV9HB2PROD with NOTICES
10 15 U.S.C. 78s(b)(3)(A)(iii).
change does not: (i) Significantly affect 11 17 CFR 240.19b–4(f)(6). In addition, Rule 19b– publishing this notice to solicit
the protection of investors or the public 4(f)(6) requires a self-regulatory organization to give
interest; (ii) impose any significant the Commission written notice of its intent to file 12 17 CFR 200.30–3(a)(12).
burden on competition; and (iii) become the proposed rule change at least five business days 1 15 U.S.C. 78s(b)(1).
prior to the date of filing of the proposed rule
operative for 30 days from the date on change, or such shorter time as designated by the
2 17 CFR 240.19b–4.
3 15 U.S.C. 78s(b)(3)(A).
Commission. In this case, the Commission waives
9 15 U.S.C. 78f(b)(8). the five-day pre-filing requirement. 4 17 CFR 240.19b–4(f)(4)(ii).
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Document Created: 2018-08-02 01:29:12
Document Modified: 2018-08-02 01:29:12
| 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 37873 |
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