83 FR 40599 - Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Exchange Rule 1.5, Definitions, Exchange Rule 14.6, Obligations for Companies Listed on the Exchange, and Exchange Rule 14.11, Other Securities
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 83, Issue 158 (August 15, 2018)
Federal Register Volume 83, Issue 158 (August 15, 2018)
| Page Range | 40599-40601 | |
| FR Document | 2018-17490 |
[Federal Register Volume 83, Number 158 (Wednesday, August 15, 2018)] [Notices] [Pages 40599-40601] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2018-17490] ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION [Release No. 34-83809; File No. SR-CboeBZX-2018-057)] Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Exchange Rule 1.5, Definitions, Exchange Rule 14.6, Obligations for Companies Listed on the Exchange, and Exchange Rule 14.11, Other Securities August 9, 2018. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (the ``Act''),\1\ and Rule 19b-4 thereunder,\2\ notice is hereby given that on August 1, 2018, Cboe BZX Exchange, Inc. (the ``Exchange'' or ``BZX'') 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 Exchange has designated this proposal as a ``non-controversial'' proposed rule change pursuant to Section 19(b)(3)(A) of the Act \3\ and Rule 19b- 4(f)(6)(iii) thereunder,\4\ which renders it effective upon filing with the Commission. 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. \3\ 15 U.S.C. 78s(b)(3)(A). \4\ 17 CFR 240.19b-4(f)(6)(iii). --------------------------------------------------------------------------- I. Self-Regulatory Organization's Statement of the Terms of Substance of the Proposed Rule Change The Exchange filed a proposal to amend Rule 1.5(c), which defines the After Hours Trading Session, to allow trading until 8:00 p.m. ET. The text of the proposed rule change is available at the Exchange's website at www.markets.cboe.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 [[Page 40600]] the most significant parts of such statements. (A) Self-Regulatory Organization's Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change 1. Purpose The Exchange offers four distinct trading sessions where the Exchange accepts orders for potential execution: (1) The ``Early Trading Session,'' which begins at 7:00 a.m. Eastern Time (``ET'') and continues until 8:00 a.m. ET,\5\ (2) the ``Pre-Opening Session,'' which begins at 8:00 a.m. ET and continues until 9:30 a.m. ET,\6\ (3) ``Regular Trading Hours,'' which begin at 9:30 a.m. ET and continue until 4:00 p.m. ET,\7\ and (4) the ``After Hours Trading Session,'' which begins at 4:00 p.m. ET and continues until 5:00 p.m. ET.\8\ Users\9\ may designate when their orders are eligible for execution by selecting their desired Time-in-Force instruction.\10\ --------------------------------------------------------------------------- \5\ ``Early Trading Session'' means the time between 7:00 a.m. and 8:00 a.m. ET. See Rule 1.5(ee). \6\ ``Pre-Opening Session'' means the time between 8:00 a.m. and 9:30 a.m. ET. See Rule 1.5(r). \7\ ``Regular Trading Hours'' means the time between 9:30 a.m. and 4:00 p.m. ET. See Rule 1.5(w). \8\ ``After Hours Trading Session'' means the time between 4:00 p.m. and 5:00 p.m. ET. See Rule 1.5(c). \9\ ``User'' means any Member or Sponsored Participant who is authorized to obtain access to the System pursuant to Rule 11.3. See Rule 1.5(cc). \10\ See Rule 11.9(b). --------------------------------------------------------------------------- The purpose of the proposed rule change is to amend Rule 1.5(c), which defines the After Hours Trading Session, to allow trading until 8:00 p.m. ET, consistent with the hours currently available on the Exchange's affiliates Cboe EDGX Exchange, Inc. (``EDGX'') and Cboe EDGA Exchange, Inc. (``EDGA'').\11\ The After Hours Trading Session will continue to begin after Regular Trading Hours end at 4:00 p.m. ET but instead of ending at 5:00 p.m. ET, as is the case today, will now be available until 8:00 p.m. ET similar to the EGDX and EDGA markets. Rule 11.1(a), which was inadvertently modified in November 2014 to include an 8:00 p.m. ET cutoff for entering orders as part of a proposed rule change to accept orders beginning at 6:00 a.m. ET,\12\ will not be amended by this proposed rule change as the Exchange will now accept orders until 8:00 p.m. ET as described in that rule. --------------------------------------------------------------------------- \11\ See EDGX and EDGA Rule 1.5(r), which both define ``Post- Closing Session'' as the time between 4:00 p.m. and 8:00 p.m. ET. \12\ See Securities Exchange Act Release No. 73745 (December 4, 2014), 79 FR 73359 (December 10, 2014) (SR-BATS-2014-062). --------------------------------------------------------------------------- The Exchange's affiliate, Cboe BYX Exchange, Inc. (``BYX''), is also filing to extend its trading hours to 8:00 p.m. ET.\13\ The proposed rule change will therefore promote a consistent experience for market participants across all four equities markets operated by Cboe Global Markets, Inc. Orders entered for participation in the After Hours Trading Session will continue to be handled in the same manner as today, with the exception that the Exchange will now accept those orders until 8:00 p.m. ET, thereby providing additional time for market participants to source liquidity outside of Regular Trading Hours. The Exchange therefore believes that amending Rule 1.5(c) to extend the Exchange's trading hours will be benefit investors that will now be able to trade on the Exchange later in the day. --------------------------------------------------------------------------- \13\ See SR-CboeBYX-2018-013 (pending publication). --------------------------------------------------------------------------- A number of other Exchange rules related to listings also specifically reference the time that the Exchange is open for trading (i.e., until 5:00 p.m. ET today). The Exchange therefore proposes to update references to the Exchange's hours of operation in those rules in connection with the changes to extend the After Hours Trading Session to 8:00 p.m. ET. Specifically, the Exchange proposes to amend the following rules to reference the proposed 8:00 p.m. ET end of trading: (1) Interpretations and Policies .01 and .02 to Rule 14.6, which provide the timing for notifying the Exchange of certain public disclosures to be made during Exchange market hours; (2) Rule 14.11(b)(7),(c)(7) which provide that the Exchange may designate Portfolio Depository Receipts or Index Fund Shares, respectively, for trading during the pre-market and post-market sessions offered on the Exchange; (3) Rule 14.11(f)(2)(B), which provides that transactions in Trust Issued Receipts may be effected until 5:00 p.m. ET each business day; and (4) Rule 14.11(j)(2), which provides that the Exchange must distribute an information circular for UTP Derivative Securities that, among other things, includes information about the risks of trading during the Exchange's various trading sessions. 2. Statutory Basis The Exchange believes that its proposal is consistent with Section 6(b) of the Act \14\ in general, and furthers the objectives of Section 6(b)(5) of the Act \15\ in particular, in that it is designed to promote just and equitable principles of trade, to foster cooperation and coordination with persons engaged in facilitating transactions in securities, 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, the Exchange believes that the proposed rule change will benefit market participants by providing additional opportunities to transact on the Exchange later in the trading day. --------------------------------------------------------------------------- \14\ 15 U.S.C. 78f(b). \15\ 15 U.S.C. 78f(b)(5). --------------------------------------------------------------------------- As explained in the purpose section of this proposed rule change, the Exchange currently accepts orders in its After Hours Trading Session until 5:00 p.m. ET, while two of its affiliated exchanges (i.e., EDGX and EDGA) currently have a Post-Closing Session that ends at 8:00 p.m. ET.\16\ The Exchange believes that market participants would benefit from a longer After Hours Trading Session on the Exchange too, and is therefore proposing to extend its After Hours Trading Session to the same time as its affiliated markets. The Exchange believes that this change will provide additional opportunities for firms to source liquidity for their orders on the Exchange. Furthermore, the proposed rule change will ensure that Members have a similar experience when trading on all four Cboe equities markets. For the reasons set forth above, the Exchange believes the proposal removes impediments to and perfects the mechanism of a free and open market and a national market system, and, in general, protects investors and the public interest. --------------------------------------------------------------------------- \16\ See supra note 11. --------------------------------------------------------------------------- In addition, the Exchange believes that the proposed changes to its listing rules are consistent with the Act because these changes update those rules with references to the proposed 8:00 p.m. ET time that the Exchange would accept orders in the After Hours Trading Session. No further substantive changes to those rules are proposed. The Exchange believes that it is appropriate to update all rules that specifically reference the Exchange's hours of operation so that the rules properly reflect the changes to the After Hours Trading Session being implemented in this proposed rule change. (B) Self-Regulatory Organization's Statement on Burden on Competition The Exchange 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, as amended. The Exchange does not believe that the [[Page 40601]] proposed rule change would have any significant impact on inter-market competition as the Exchange's affiliated exchanges already allow after hours trading until 8:00 p.m. ET, and other markets are free to provide similar trading hours. Furthermore, the Exchange does not believe that the proposed rule change would have any significant impact on intra- market competition as all Members would be able to enter orders later in the day due to the extended After Hours Trading Session. (C) Self-Regulatory Organization's Statement on Comments on the Proposed Rule Change Received From Members, Participants or Others The Exchange has neither solicited nor received written comments on the proposed rule change. III. Date of Effectiveness of the Proposed Rule Change and Timing for Commission Action Because the foregoing proposed rule change does not: (i) Significantly affect the protection of investors or the public interest; (ii) impose any significant burden on competition; and (iii) become operative for 30 days from the date on which it was filed, or such shorter time as the Commission may designate, it has become effective pursuant to Section 19(b)(3)(A) of the Act \17\ and Rule 19b- 4(f)(6) thereunder.\18\ --------------------------------------------------------------------------- \17\ 15 U.S.C. 78s(b)(3)(A). \18\ 17 CFR 240.19b-4(f)(6). In addition, Rule 19b-4(f)(6) requires a self-regulatory organization to give the Commission written notice of its intent to file the proposed rule change at least five business days prior to the date of filing of the proposed rule change, or such shorter time as designated by the Commission. The Exchange has satisfied this requirement. --------------------------------------------------------------------------- A proposed rule change filed under Rule 19b-4(f)(6) \19\ normally does not become operative for 30 days after the date of its filing. However, pursuant to Rule 19b-4(f)(6)(iii),\20\ the Commission may designate a shorter time if such action is consistent with the protection of investors and the public interest. The Exchange requests that the Commission waive the 30-day operative delay so that the proposal may become operative immediately upon filing. The Exchange represents that waiver of the 30-day operative delay will allow the Exchange to immediately provide a venue for market participants to source liquidity until 8:00 p.m. ET, similar to the operation of other exchanges. Because the proposed rules previously have been approved by the Commission for, and are substantively identical to those of, another listing exchange, the Commission believes does not believe that the proposal raises any novel or unique regulatory issues.\21\ Therefore, the Commission believes that waiving the 30-day operative delay is consistent with the protection of investors and the public interest. The Commission hereby waives the 30-day operative delay and designates the proposed rule change operative upon filing.\22\ --------------------------------------------------------------------------- \19\ 17 CFR 240.19b-4(f)(6). \20\ 17 CFR 240.19b-4(f)(6)(iii). \21\ See supra note 11. \22\ For purposes only of waiving the 30-day operative delay, the Commission has considered the proposed rule's impact on efficiency, competition, and capital formation. See 15 U.S.C. 78c(f). --------------------------------------------------------------------------- At any time within 60 days of the filing of 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 change should be approved or disapproved. IV. Solicitation of Comments Interested persons are invited to submit written data, views and arguments concerning the foregoing, including whether the proposal 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 rule-comments@sec.gov. Please include File Number SR-CboeBZX-2018-057 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-CboeBZX-2018-057. 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 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 Number SR-CboeBZX-2018-057 and should be submitted on or before September 5, 2018. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.\23\ --------------------------------------------------------------------------- \23\ 17 CFR 200.30-3(a)(12). --------------------------------------------------------------------------- Eduardo A. Aleman, Assistant Secretary. [FR Doc. 2018-17490 Filed 8-14-18; 8:45 am] BILLING CODE 8011-01-P
![Federal Register / Vol. 83, No. 158 / Wednesday, August 15, 2018 / Notices 40599
innovative pricing in this space. The Paper Comments SECURITIES AND EXCHANGE
Exchange expects firms to make COMMISSION
decisions on how much and what types • Send paper comments in triplicate
to Secretary, Securities and Exchange [Release No. 34–83809; File No. SR–
of data to consume on the basis of the CboeBZX–2018–057)]
total cost of interacting with MIAX Commission, 100 F Street NE,
Options or other exchanges. Of course, Washington, DC 20549–1090. Self-Regulatory Organizations; Cboe
the explicit data fees are only one factor All submissions should refer to File BZX Exchange, Inc.; Notice of Filing
in a total platform analysis. Some Number SR–MIAX–2018–20. This file and Immediate Effectiveness of a
competitors have lower transactions fees number should be included on the Proposed Rule Change To Amend
and higher data fees, and others are vice Exchange Rule 1.5, Definitions,
subject line if email is used. To help the
versa. The market for this proprietary Exchange Rule 14.6, Obligations for
Commission process and review your
information is highly competitive and Companies Listed on the Exchange,
continually evolves as products develop comments more efficiently, please use
only one method. The Commission will and Exchange Rule 14.11, Other
and change. Additionally, respecting Securities
intra-market competition, the AIS feed post all comments on the Commission’s
and the ToM feed are available to all internet website (http://www.sec.gov/ August 9, 2018.
subscribers, thus providing all rules/sro.shtml). Copies of the Pursuant to Section 19(b)(1) of the
subscribers to the data products with an submission, all subsequent Securities Exchange Act of 1934 (the
even playing field with respect to amendments, all written statements ‘‘Act’’),1 and Rule 19b-4 thereunder,2
information and access to trade on with respect to the proposed rule notice is hereby given that on August 1,
MIAX Options. change that are filed with the 2018, Cboe BZX Exchange, Inc. (the
Commission, and all written ‘‘Exchange’’ or ‘‘BZX’’) filed with the
C. Self-Regulatory Organization’s Securities and Exchange Commission
communications relating to the
Statement on Comments on the (‘‘Commission’’) the proposed rule
proposed rule change between the
Proposed Rule Change Received From change as described in Items I and II
Commission and any person, other than
Members, Participants, or Others below, which Items have been prepared
those that may be withheld from the
Written comments were neither public in accordance with the by the Exchange. The Exchange has
solicited nor received. provisions of 5 U.S.C. 552, will be designated this proposal as a ‘‘non-
available for website viewing and controversial’’ proposed rule change
III. Date of Effectiveness of the
printing in the Commission’s Public pursuant to Section 19(b)(3)(A) of the
Proposed Rule Change and Timing for
Reference Room, 100 F Street NE, Act 3 and Rule 19b-4(f)(6)(iii)
Commission Action
Washington, DC 20549 on official thereunder,4 which renders it effective
The foregoing rule change has become upon filing with the Commission. The
effective pursuant to Section business days between the hours of
Commission is publishing this notice to
19(b)(3)(A)(ii) of the Act,19 and Rule 10:00 a.m. and 3:00 p.m. Copies of the
solicit comments on the proposed rule
19b–4(f)(2) 20 thereunder. At any time filing also will be available for change from interested persons.
within 60 days of the filing of the inspection and copying at the principal
proposed rule change, the Commission office of the Exchange. All comments I. Self-Regulatory Organization’s
summarily may temporarily suspend received will be posted without change. Statement of the Terms of Substance of
such rule change if it appears to the Persons submitting comments are the Proposed Rule Change
Commission that such action is cautioned that we do not redact or edit The Exchange filed a proposal to
necessary or appropriate in the public personal identifying information from amend Rule 1.5(c), which defines the
interest, for the protection of investors, comment submissions. You should After Hours Trading Session, to allow
or otherwise in furtherance of the submit only information that you wish trading until 8:00 p.m. ET.
purposes of the Act. If the Commission to make available publicly. All The text of the proposed rule change
takes such action, the Commission shall submissions should refer to File is available at the Exchange’s website at
institute proceedings to determine Number SR–MIAX–2018–20, and www.markets.cboe.com, at the principal
whether the proposed rule should be should be submitted on or before office of the Exchange, and at the
approved or disapproved. September 5, 2018. Commission’s Public Reference Room.
IV. Solicitation of Comments For the Commission, by the Division of II. Self-Regulatory Organization’s
Interested persons are invited to Trading and Markets, pursuant to delegated Statement of the Purpose of, and
submit written data, views, and authority.21 Statutory Basis for, the Proposed Rule
arguments concerning the foregoing, Eduardo A. Aleman, Change
including whether the proposed rule Assistant Secretary. In its filing with the Commission, the
change is consistent with the Act. [FR Doc. 2018–17494 Filed 8–14–18; 8:45 am] Exchange included statements
Comments may be submitted by any of BILLING CODE 8011–01–P
concerning the purpose of and basis for
the following methods: the proposed rule change and discussed
any comments it received on the
Electronic Comments
proposed rule change. The text of these
• Use the Commission’s internet statements may be examined at the
comment form (http://www.sec.gov/ places specified in Item IV below. The
daltland on DSKBBV9HB2PROD with NOTICES
rules/sro.shtml); or Exchange has prepared summaries, set
• Send an email to rule-comments@ forth in Sections A, B, and C below, of
sec.gov. Please include File Number SR–
MIAX–2018–20 on the subject line. 1 15 U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
19 15 U.S.C. 78s(b)(3)(A)(ii). 3 15 U.S.C. 78s(b)(3)(A).
20 17 CFR 240.19b–4(f)(2). 21 17 CFR 200.30–3(a)(12). 4 17 CFR 240.19b–4(f)(6)(iii).
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![Federal Register / Vol. 83, No. 158 / Wednesday, August 15, 2018 / Notices 40601
proposed rule change would have any Commission believes does not believe Commission and any person, other than
significant impact on inter-market that the proposal raises any novel or those that may be withheld from the
competition as the Exchange’s affiliated unique regulatory issues.21 Therefore, public in accordance with the
exchanges already allow after hours the Commission believes that waiving provisions of 5 U.S.C. 552, will be
trading until 8:00 p.m. ET, and other the 30-day operative delay is consistent available for website viewing and
markets are free to provide similar with the protection of investors and the printing in the Commission’s Public
trading hours. Furthermore, the public interest. The Commission hereby Reference Room, 100 F Street NE,
Exchange does not believe that the waives the 30-day operative delay and Washington, DC 20549, on official
proposed rule change would have any designates the proposed rule change business days between the hours of
significant impact on intra-market operative upon filing.22 10:00 a.m. and 3:00 p.m. Copies of such
competition as all Members would be At any time within 60 days of the filing will also be available for
able to enter orders later in the day due filing of the proposed rule change, the inspection and copying at the principal
to the extended After Hours Trading Commission summarily may office of the Exchange. All comments
Session. temporarily suspend such rule change if received will be posted without change.
it appears to the Commission that such Persons submitting comments are
(C) Self-Regulatory Organization’s action is: (i) Necessary or appropriate in cautioned that we do not redact or edit
Statement on Comments on the the public interest; (ii) for the protection personal identifying information from
Proposed Rule Change Received From of investors; or (iii) otherwise in comment submissions. You should
Members, Participants or Others furtherance of the purposes of the Act. submit only information that you wish
The Exchange has neither solicited If the Commission takes such action, the to make available publicly. All
nor received written comments on the Commission shall institute proceedings submissions should refer to File
proposed rule change. to determine whether the proposed rule Number SR–CboeBZX–2018–057 and
III. Date of Effectiveness of the change should be approved or should be submitted on or before
Proposed Rule Change and Timing for disapproved. September 5, 2018.
Commission Action IV. Solicitation of Comments For the Commission, by the Division of
Trading and Markets, pursuant to delegated
Because the foregoing proposed rule Interested persons are invited to authority.23
change does not: (i) Significantly affect submit written data, views and Eduardo A. Aleman,
the protection of investors or the public arguments concerning the foregoing,
interest; (ii) impose any significant Assistant Secretary.
including whether the proposal is
burden on competition; and (iii) become [FR Doc. 2018–17490 Filed 8–14–18; 8:45 am]
consistent with the Act. Comments may
operative for 30 days from the date on be submitted by any of the following BILLING CODE 8011–01–P
which it was filed, or such shorter time methods:
as the Commission may designate, it has
become effective pursuant to Section Electronic Comments SECURITIES AND EXCHANGE
19(b)(3)(A) of the Act 17 and Rule 19b– • Use the Commission’s internet COMMISSION
4(f)(6) thereunder.18 comment form (http://www.sec.gov/ [Release No. 34–83815; File No. SR–FINRA–
A proposed rule change filed under rules/sro.shtml); or 2018–023]
Rule 19b–4(f)(6) 19 normally does not • Send an email to rule-comments@
become operative for 30 days after the sec.gov. Please include File Number SR– Self-Regulatory Organizations;
date of its filing. However, pursuant to CboeBZX–2018–057 on the subject line. Financial Industry Regulatory
Rule 19b–4(f)(6)(iii),20 the Commission Authority, Inc.; Order Approving a
Paper Comments
may designate a shorter time if such Proposed Rule Change Relating to
action is consistent with the protection • Send paper comments in triplicate ATS Reporting to TRACE of
of investors and the public interest. The to Secretary, Securities and Exchange Transactions in U.S. Treasury
Exchange requests that the Commission Commission, 100 F Street NE, Securities
waive the 30-day operative delay so that Washington, DC 20549–1090.
All submissions should refer to File August 9, 2018.
the proposal may become operative
immediately upon filing. The Exchange Number SR–CboeBZX–2018–057. This I. Introduction
represents that waiver of the 30-day file number should be included on the
On June 5, 2018, the Financial
operative delay will allow the Exchange subject line if email is used. To help the
Industry Regulatory Authority, Inc.
to immediately provide a venue for Commission process and review your
(‘‘FINRA’’) filed with the Securities and
market participants to source liquidity comments more efficiently, please use
Exchange Commission (‘‘Commission’’),
until 8:00 p.m. ET, similar to the only one method. The Commission will
pursuant to Section 19(b)(1) of the
operation of other exchanges. Because post all comments on the Commission’s
Securities Exchange Act of 1934
the proposed rules previously have been internet website (http://www.sec.gov/
(‘‘Act’’) 1 and Rule 19b–4 thereunder,2 a
approved by the Commission for, and rules/sro.shtml). Copies of the
proposed rule change to amend FINRA
are substantively identical to those of, submission, all subsequent
Rule 6730 to require certain alternative
another listing exchange, the amendments, all written statements
trading systems (‘‘ATSs’’) that report
with respect to the proposed rule
transactions in U.S. Treasury Securities
17 15 U.S.C. 78s(b)(3)(A). change that are filed with the
to the Transaction Reporting and
18 17 CFR 240.19b–4(f)(6). In addition, Rule 19b- Commission, and all written
Compliance Engine (‘‘TRACE’’) to
daltland on DSKBBV9HB2PROD with NOTICES
4(f)(6) requires a self-regulatory organization to give communications relating to the
the Commission written notice of its intent to file identify non-FINRA-member subscribers
the proposed rule change at least five business days proposed rule change between the
on those transaction reports. The
prior to the date of filing of the proposed rule
change, or such shorter time as designated by the 21 Seesupra note 11.
proposed rule change was published for
Commission. The Exchange has satisfied this 22 Forpurposes only of waiving the 30-day
requirement. 23 17 CFR 200.30–3(a)(12).
operative delay, the Commission has considered the
19 17 CFR 240.19b–4(f)(6). 1 15 U.S.C. 78s(b)(1).
proposed rule’s impact on efficiency, competition,
20 17 CFR 240.19b–4(f)(6)(iii). and capital formation. See 15 U.S.C. 78c(f). 2 17 CFR 240.19b–4.
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Document Created: 2018-08-15 01:26:13
Document Modified: 2018-08-15 01:26:13
| 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 40599 |
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