83_FR_41275 83 FR 41115 - Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Delete and Replace the Current Rules on Arbitration

83 FR 41115 - Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Delete and Replace the Current Rules on Arbitration

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 83, Issue 160 (August 17, 2018)

Page Range41115-41116
FR Document2018-17737

Federal Register, Volume 83 Issue 160 (Friday, August 17, 2018)
[Federal Register Volume 83, Number 160 (Friday, August 17, 2018)]
[Notices]
[Pages 41115-41116]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-17737]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-83834; File No. SR-NASDAQ-2018-067]


Self-Regulatory Organizations; The Nasdaq Stock Market LLC; 
Notice of Filing and Immediate Effectiveness of Proposed Rule Change To 
Delete and Replace the Current Rules on Arbitration

August 13, 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 August 9, 2018, The Nasdaq Stock Market LLC (``Nasdaq'' or 
``Exchange'') filed with the Securities and Exchange Commission 
(``SEC'' or ``Commission'') the proposed rule change as described in 
Items I, II, and III, below, which Items have been prepared by the 
Exchange. The Commission is publishing this notice to solicit comments 
on the proposed rule change from interested persons.
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
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I. Self-Regulatory Organization's Statement of the Terms of Substance 
of the Proposed Rule Change

    The Exchange proposes to delete the current rules on arbitration 
(``Current Arbitration Rules''), currently under the 10000 Series 
(Rules 10001 through 10102), and adopt the Nasdaq ISE, LLC (``ISE'') 
rules on arbitration in Chapter 18 of the ISE's rulebook (``Proposed 
Arbitration Rules'') into General 6 in the Exchange's rulebook's 
(``Rulebook'') shell structure.\3\
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    \3\ Recently, the Exchange added a shell structure to its 
Rulebook with the purpose of improving efficiency and readability 
and to align its rules closer to those of its five sister exchanges, 
Nasdaq BX, Inc.; Nasdaq PHLX LLC; Nasdaq ISE, LLC; Nasdaq GEMX, LLC; 
and Nasdaq MRX, LLC (``Affiliated Exchanges''). The shell structure 
currently contains eight (8) Chapters which, once complete, will 
apply a common set of rules to the Affiliated Exchanges. See 
Securities Exchange Act Release No. 82175 (November 29, 2017), 82 FR 
57494 (December 5, 2017) (SR-NASDAQ-2017-125).
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    The text of the proposed rule change is available on the Exchange's 
website at http://nasdaq.cchwallstreet.com, at the principal office of 
the Exchange, and at the Commission's Public Reference Room.

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

    In its filing with the Commission, the Exchange included statements 
concerning the purpose of and basis for the proposed rule change and 
discussed any comments it received on the proposed rule change. The 
text of these statements may be examined at the places specified in 
Item IV below. The Exchange has prepared summaries, set forth in 
sections A, B, and C below, of the most significant aspects of such 
statements.

A. Self-Regulatory Organization's Statement of the Purpose of, and 
Statutory Basis for, the Proposed Rule Change

1. Purpose
    The Exchange proposes to delete the rules on arbitration, currently 
under the 10000 Series (Rules 10001 through 10102), and adopt the ISE 
rules on arbitration in Chapter 18 of the ISE's rulebook into General 6 
in the Exchange's Rulebook.
    The Exchange adopted the Current Arbitration Rules to ensure a fair 
and efficient manner in which to handle any dispute, claim or 
controversy arising out of, or in connection with, the business of any 
Member of the Exchange. To help administer the process of dispute 
resolution, the Exchange and FINRA are parties to a Regulatory 
Contract, pursuant to which FINRA has agreed to perform certain 
functions and provide access to certain services, including: member 
regulation and registration; non-real time market surveillance; 
examinations and investigations; and dispute resolution. FINRA 
currently operates the largest securities dispute resolution forum in 
the United States,\4\ and has given the Exchange access to these 
services. Under the Current Arbitration Rules, Members and associated 
persons of a Member are subject to the FINRA Code of Arbitration 
Procedure.
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    \4\ http://www.finra.org/arbitration-and-mediation.
---------------------------------------------------------------------------

    Because the Affiliated Exchanges are also parties to similar 
Regulatory Contracts with FINRA that make their members and associated 
persons of such members subject to the FINRA Code of Arbitration 
Procedure, the Exchange believes it is pertinent that a common set of 
rules on arbitration be included in the General section of the 
Rulebook's shell. These rules will, pursuant to subsequent filings, 
then replace the existing arbitration rules for each of the Affiliated 
Exchanges.
    As part of the process of harmonizing these rules, staff evaluated 
the corresponding rules on arbitration at each of the Affiliated 
Exchanges. Staff have determined that the Proposed Arbitration Rules 
are the easiest to read and the most accessible, and do not

[[Page 41116]]

detract from, or omit, any of the substance of the Current Arbitration 
Rules.
    Therefore, the Exchange will adopt the Proposed Arbitration Rules 
and place them under the ``General 6 Arbitration'' of the shell's 
``General Equity and Options Rules'' section. As mentioned, these rules 
are already in place on ISE, and also apply to Nasdaq GEMX, LLC and 
Nasdaq MRX, LLC, which incorporate Chapter 18 of the ISE Rules by 
reference. Subsequently, the other Affiliated Exchanges plan to adopt 
these rules also.
    The relocation and harmonization of the arbitration rules is part 
of the Exchange's continued effort to promote efficiency and conformity 
of its processes with those of its Affiliated Exchanges.\5\ The 
Exchange believes that the adoption and placement of the Proposed 
Arbitration Rules to their new location in the shell will facilitate 
the use of the Rulebook by Members \6\ of the Exchange who are members 
of other Affiliated Exchanges. Moreover, the proposed changes are of a 
conforming nature and will not amend the substance of the adopted rules 
other than to update the language to that of the Proposed Arbitration 
Rules, and to make conforming cross-reference changes.
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    \5\ See footnote 3.
    \6\ Exchange Rule 0120(i).
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2. Statutory Basis
    The Exchange believes that its proposal is consistent with Section 
6(b) of 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 of a free and open market and a national market 
system, and, in general to protect investors and the public interest, 
by promoting efficiency and conformity of the Exchange's processes with 
those of the Affiliated Exchanges and to make the Exchange's Rulebook 
easier to read and more accessible to its Members. The Exchange 
believes that the adoption and harmonization of the arbitration rules 
and cross-reference updates are of a non-substantive nature.
---------------------------------------------------------------------------

    \7\ 15 U.S.C. 78f(b).
    \8\ 15 U.S.C. 78f(b)(5).
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B. Self-Regulatory Organization's Statement on Burden on Competition

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

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

    No written comments were either solicited or received.

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 \9\ and 
subparagraph (f)(6) of Rule 19b-4 thereunder.\10\
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    \9\ 15 U.S.C. 78s(b)(3)(A)(iii).
    \10\ 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 requested a waiver of this requirement.
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    At any time within 60 days of the filing of the proposed rule 
change, the Commission summarily may temporarily suspend such rule 
change if it appears to the Commission that such action is: (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 Comments

     Use the Commission's internet comment form (http://www.sec.gov/rules/sro.shtml); or
     Send an email to rule-comments@sec.gov. Please include 
File Number SR-NASDAQ-2018-067 on the subject line.

Paper Comments

     Send paper comments in triplicate to Secretary, Securities 
and Exchange Commission, 100 F Street NE, Washington, DC 20549-1090.

All submissions should refer to File Number SR-NASDAQ-2018-067. 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 wedbsite (http://www.sec.gov/rules/sro.shtml). Copies of the submission, all subsequent amendments, all 
written statements with respect to the proposed rule change that are 
filed with the Commission, and all written communications relating to 
the proposed rule change between the Commission and any person, other 
than those that may be withheld from the public in accordance with the 
provisions of 5 U.S.C. 552, will be available for website viewing and 
printing in the Commission's Public Reference Room, 100 F Street NE, 
Washington, DC 20549, on official business days between the hours of 
10:00 a.m. and 3:00 p.m. Copies of the filing also will be available 
for inspection and copying at the principal office of the Exchange. All 
comments received will be posted without change. Persons submitting 
comments are cautioned that we do not redact or edit personal 
identifying information from comment submissions. You should submit 
only information that you wish to make available publicly. All 
submissions should refer to File Number SR-NASDAQ-2018-067 and should 
be submitted on or before September 7, 2018.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\11\
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    \11\ 17 CFR 200.30-3(a)(12).
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Robert W. Errett,
Deputy Secretary.
[FR Doc. 2018-17737 Filed 8-16-18; 8:45 am]
 BILLING CODE 8011-01-P



                                                                            Federal Register / Vol. 83, No. 160 / Friday, August 17, 2018 / Notices                                                   41115

                                              CFR 3015.5; Public Representative:                      SECURITIES AND EXCHANGE                                the proposed rule change and discussed
                                              Christopher C. Mohr; Comments Due:                      COMMISSION                                             any comments it received on the
                                              August 21, 2018.                                                                                               proposed rule change. The text of these
                                                                                                      [Release No. 34–83834; File No. SR–                    statements may be examined at the
                                                2. Docket No(s).: CP2017–241; Filing                  NASDAQ–2018–067]
                                              Title: Notice of the United States Postal                                                                      places specified in Item IV below. The
                                                                                                      Self-Regulatory Organizations; The                     Exchange has prepared summaries, set
                                              Service of Filing Modification Two to a
                                                                                                      Nasdaq Stock Market LLC; Notice of                     forth in sections A, B, and C below, of
                                              Global Plus 1D Negotiated Service
                                                                                                      Filing and Immediate Effectiveness of                  the most significant aspects of such
                                              Agreement; Filing Acceptance Date:                                                                             statements.
                                              August 13, 2018; Filing Authority: 39                   Proposed Rule Change To Delete and
                                              CFR 3015.5; Public Representative:                      Replace the Current Rules on                           A. Self-Regulatory Organization’s
                                              Kenneth R. Moeller; Comments Due:                       Arbitration                                            Statement of the Purpose of, and
                                              August 21, 2018.                                                                                               Statutory Basis for, the Proposed Rule
                                                                                                      August 13, 2018.
                                                                                                                                                             Change
                                                3. Docket No(s).: CP2017–243; Filing                     Pursuant to Section 19(b)(1) of the
                                              Title: Notice of the United States Postal               Securities Exchange Act of 1934                        1. Purpose
                                              Service of Filing Modification Two to a                 (‘‘Act’’),1 and Rule 19b–4 thereunder,2                   The Exchange proposes to delete the
                                              Global Plus 1D Negotiated Service                       notice is hereby given that on August 9,               rules on arbitration, currently under the
                                              Agreement; Filing Acceptance Date:                      2018, The Nasdaq Stock Market LLC                      10000 Series (Rules 10001 through
                                              August 13, 2018; Filing Authority: 39                   (‘‘Nasdaq’’ or ‘‘Exchange’’) filed with the            10102), and adopt the ISE rules on
                                              CFR 3015.5; Public Representative:                      Securities and Exchange Commission                     arbitration in Chapter 18 of the ISE’s
                                              Kenneth R. Moeller; Comments Due:                       (‘‘SEC’’ or ‘‘Commission’’) the proposed               rulebook into General 6 in the
                                              August 21, 2018.                                        rule change as described in Items I, II,               Exchange’s Rulebook.
                                                                                                      and III, below, which Items have been                     The Exchange adopted the Current
                                                4. Docket No(s).: CP2017–244; Filing                  prepared by the Exchange. The
                                              Title: Notice of the United States Postal                                                                      Arbitration Rules to ensure a fair and
                                                                                                      Commission is publishing this notice to                efficient manner in which to handle any
                                              Service of Filing Modification Two to a                 solicit comments on the proposed rule                  dispute, claim or controversy arising out
                                              Global Plus 1D Negotiated Service                       change from interested persons.                        of, or in connection with, the business
                                              Agreement; Filing Acceptance Date:
                                                                                                      I. Self-Regulatory Organization’s                      of any Member of the Exchange. To help
                                              August 13, 2018; Filing Authority: 39                                                                          administer the process of dispute
                                              CFR 3015.5; Public Representative:                      Statement of the Terms of Substance of
                                                                                                      the Proposed Rule Change                               resolution, the Exchange and FINRA are
                                              Kenneth R. Moeller; Comments Due:                                                                              parties to a Regulatory Contract,
                                              August 21, 2018.                                           The Exchange proposes to delete the                 pursuant to which FINRA has agreed to
                                                5. Docket No(s).: CP2017–247; Filing                  current rules on arbitration (‘‘Current                perform certain functions and provide
                                              Title: Notice of the United States Postal               Arbitration Rules’’), currently under the              access to certain services, including:
                                              Service of Filing Modification Two to a                 10000 Series (Rules 10001 through                      member regulation and registration;
                                                                                                      10102), and adopt the Nasdaq ISE, LLC                  non-real time market surveillance;
                                              Global Plus 1D Negotiated Service
                                                                                                      (‘‘ISE’’) rules on arbitration in Chapter              examinations and investigations; and
                                              Agreement; Filing Acceptance Date:
                                                                                                      18 of the ISE’s rulebook (‘‘Proposed                   dispute resolution. FINRA currently
                                              August 13, 2018; Filing Authority: 39
                                                                                                      Arbitration Rules’’) into General 6 in the             operates the largest securities dispute
                                              CFR 3015.5; Public Representative:                      Exchange’s rulebook’s (‘‘Rulebook’’)
                                              Lyudmila Y. Bzhilyanskaya; Comments                                                                            resolution forum in the United States,4
                                                                                                      shell structure.3                                      and has given the Exchange access to
                                              Due: August 21, 2018.                                      The text of the proposed rule change                these services. Under the Current
                                                6. Docket No(s).: CP2017–251; Filing                  is available on the Exchange’s website at              Arbitration Rules, Members and
                                              Title: Notice of the United States Postal               http://nasdaq.cchwallstreet.com, at the                associated persons of a Member are
                                              Service of Filing Modification Two to a                 principal office of the Exchange, and at               subject to the FINRA Code of
                                              Global Plus 1D Negotiated Service                       the Commission’s Public Reference                      Arbitration Procedure.
                                              Agreement; Filing Acceptance Date:                      Room.                                                     Because the Affiliated Exchanges are
                                              August 13, 2018; Filing Authority: 39                   II. Self-Regulatory Organization’s                     also parties to similar Regulatory
                                              CFR 3015.5; Public Representative:                      Statement of the Purpose of, and                       Contracts with FINRA that make their
                                              Christopher C. Mohr; Comments Due:                      Statutory Basis for, the Proposed Rule                 members and associated persons of such
                                              August 22, 2018.                                        Change                                                 members subject to the FINRA Code of
                                                7. Docket No(s).: CP2017–257; Filing                                                                         Arbitration Procedure, the Exchange
                                                                                                        In its filing with the Commission, the               believes it is pertinent that a common
                                              Title: Notice of the United States Postal               Exchange included statements
                                              Service of Filing Modification Two to a                                                                        set of rules on arbitration be included in
                                                                                                      concerning the purpose of and basis for                the General section of the Rulebook’s
                                              Global Plus 1D Negotiated Service
                                              Agreement; Filing Acceptance Date:                        1 15
                                                                                                                                                             shell. These rules will, pursuant to
                                                                                                              U.S.C. 78s(b)(1).
                                                                                                                                                             subsequent filings, then replace the
                                              August 13, 2018; Filing Authority: 39                     2 17  CFR 240.19b–4.
                                                                                                         3 Recently, the Exchange added a shell structure    existing arbitration rules for each of the
                                              CFR 3015.5; Public Representative:
                                                                                                      to its Rulebook with the purpose of improving          Affiliated Exchanges.
                                              Lyudmila Y. Bzhilyanskaya; Comments                     efficiency and readability and to align its rules         As part of the process of harmonizing
                                              Due: August 22, 2018.                                   closer to those of its five sister exchanges, Nasdaq   these rules, staff evaluated the
amozie on DSK3GDR082PROD with NOTICES1




                                                This Notice will be published in the                  BX, Inc.; Nasdaq PHLX LLC; Nasdaq ISE, LLC;
                                                                                                      Nasdaq GEMX, LLC; and Nasdaq MRX, LLC                  corresponding rules on arbitration at
                                              Federal Register.                                       (‘‘Affiliated Exchanges’’). The shell structure        each of the Affiliated Exchanges. Staff
                                                                                                      currently contains eight (8) Chapters which, once      have determined that the Proposed
                                              Stacy L. Ruble,                                         complete, will apply a common set of rules to the      Arbitration Rules are the easiest to read
                                              Secretary.                                              Affiliated Exchanges. See Securities Exchange Act
                                                                                                      Release No. 82175 (November 29, 2017), 82 FR           and the most accessible, and do not
                                              [FR Doc. 2018–17791 Filed 8–16–18; 8:45 am]
                                                                                                      57494 (December 5, 2017) (SR–NASDAQ–2017–
                                              BILLING CODE 7710–FW–P                                  125).                                                   4 http://www.finra.org/arbitration-and-mediation.




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                                              41116                         Federal Register / Vol. 83, No. 160 / Friday, August 17, 2018 / Notices

                                              detract from, or omit, any of the                       of the purposes of the Act. The                           Electronic Comments
                                              substance of the Current Arbitration                    proposed changes do not impose a
                                              Rules.                                                  burden on competition because, as                           • Use the Commission’s internet
                                                 Therefore, the Exchange will adopt                   previously stated, they are (i) of a non-                 comment form (http://www.sec.gov/
                                              the Proposed Arbitration Rules and                      substantive nature, (ii) intended to                      rules/sro.shtml); or
                                              place them under the ‘‘General 6                        harmonize the Exchange’s rules with                         • Send an email to rule-comments@
                                              Arbitration’’ of the shell’s ‘‘General                  those of its Affiliated Exchanges, and                    sec.gov. Please include File Number SR–
                                              Equity and Options Rules’’ section. As                  (iii) intended to organize the Rulebook                   NASDAQ–2018–067 on the subject line.
                                              mentioned, these rules are already in                   in a way that it will ease the Members’
                                              place on ISE, and also apply to Nasdaq                  navigation and reading of the rules                       Paper Comments
                                              GEMX, LLC and Nasdaq MRX, LLC,                          across the Affiliated Exchanges.
                                              which incorporate Chapter 18 of the ISE                                                                             • Send paper comments in triplicate
                                              Rules by reference. Subsequently, the                   C. Self-Regulatory Organization’s                         to Secretary, Securities and Exchange
                                              other Affiliated Exchanges plan to adopt                Statement on Comments on the                              Commission, 100 F Street NE,
                                              these rules also.                                       Proposed Rule Change Received From                        Washington, DC 20549–1090.
                                                 The relocation and harmonization of                  Members, Participants, or Others                          All submissions should refer to File
                                              the arbitration rules is part of the                                                                              Number SR–NASDAQ–2018–067. This
                                              Exchange’s continued effort to promote                    No written comments were either
                                                                                                      solicited or received.                                    file number should be included on the
                                              efficiency and conformity of its                                                                                  subject line if email is used. To help the
                                              processes with those of its Affiliated                  III. Date of Effectiveness of the                         Commission process and review your
                                              Exchanges.5 The Exchange believes that                  Proposed Rule Change and Timing for                       comments more efficiently, please use
                                              the adoption and placement of the                       Commission Action                                         only one method. The Commission will
                                              Proposed Arbitration Rules to their new
                                                                                                                                                                post all comments on the Commission’s
                                              location in the shell will facilitate the                 Because the foregoing proposed rule                     internet wedbsite (http://www.sec.gov/
                                              use of the Rulebook by Members 6 of the                 change does not: (i) Significantly affect
                                              Exchange who are members of other                                                                                 rules/sro.shtml). Copies of the
                                                                                                      the protection of investors or the public                 submission, all subsequent
                                              Affiliated Exchanges. Moreover, the                     interest; (ii) impose any significant
                                              proposed changes are of a conforming                                                                              amendments, all written statements
                                                                                                      burden on competition; and (iii) become                   with respect to the proposed rule
                                              nature and will not amend the                           operative for 30 days from the date on
                                              substance of the adopted rules other                                                                              change that are filed with the
                                                                                                      which it was filed, or such shorter time                  Commission, and all written
                                              than to update the language to that of                  as the Commission may designate, it has
                                              the Proposed Arbitration Rules, and to                                                                            communications relating to the
                                                                                                      become effective pursuant to Section                      proposed rule change between the
                                              make conforming cross-reference
                                                                                                      19(b)(3)(A)(iii) of the Act 9 and                         Commission and any person, other than
                                              changes.
                                                                                                      subparagraph (f)(6) of Rule 19b–4                         those that may be withheld from the
                                              2. Statutory Basis                                      thereunder.10                                             public in accordance with the
                                                 The Exchange believes that its                          At any time within 60 days of the                      provisions of 5 U.S.C. 552, will be
                                              proposal is consistent with Section 6(b)                filing of the proposed rule change, the                   available for website viewing and
                                              of the Act,7 in general, and furthers the               Commission summarily may                                  printing in the Commission’s Public
                                              objectives of Section 6(b)(5) of the Act,8              temporarily suspend such rule change if                   Reference Room, 100 F Street NE,
                                              in particular, in that it is designed to                it appears to the Commission that such                    Washington, DC 20549, on official
                                              promote just and equitable principles of                action is: (i) necessary or appropriate in                business days between the hours of
                                              trade, to remove impediments to and                     the public interest; (ii) for the protection              10:00 a.m. and 3:00 p.m. Copies of the
                                              perfect the mechanism of a free and                     of investors; or (iii) otherwise in                       filing also will be available for
                                              open market and a national market                       furtherance of the purposes of the Act.                   inspection and copying at the principal
                                              system, and, in general to protect                      If the Commission takes such action, the                  office of the Exchange. All comments
                                              investors and the public interest, by                   Commission shall institute proceedings                    received will be posted without change.
                                              promoting efficiency and conformity of                  to determine whether the proposed rule                    Persons submitting comments are
                                              the Exchange’s processes with those of                  should be approved or disapproved.                        cautioned that we do not redact or edit
                                              the Affiliated Exchanges and to make                                                                              personal identifying information from
                                              the Exchange’s Rulebook easier to read                  IV. Solicitation of Comments                              comment submissions. You should
                                              and more accessible to its Members. The                                                                           submit only information that you wish
                                              Exchange believes that the adoption and                   Interested persons are invited to
                                                                                                      submit written data, views, and                           to make available publicly. All
                                              harmonization of the arbitration rules
                                                                                                      arguments concerning the foregoing,                       submissions should refer to File
                                              and cross-reference updates are of a
                                                                                                      including whether the proposed rule                       Number SR–NASDAQ–2018–067 and
                                              non-substantive nature.
                                                                                                      change is consistent with the Act.                        should be submitted on or before
                                              B. Self-Regulatory Organization’s                       Comments may be submitted by any of                       September 7, 2018.
                                              Statement on Burden on Competition                      the following methods:                                      For the Commission, by the Division of
                                                The Exchange does not believe that                                                                              Trading and Markets, pursuant to delegated
                                              the proposed rule change will impose                                                                              authority.11
amozie on DSK3GDR082PROD with NOTICES1




                                                                                                        9 15  U.S.C. 78s(b)(3)(A)(iii).
                                              any burden on competition not                             10 17  CFR 240.19b–4(f)(6). In addition, Rule 19b–      Robert W. Errett,
                                              necessary or appropriate in furtherance                 4(f)(6) requires a self-regulatory organization to give
                                                                                                      the Commission written notice of its intent to file       Deputy Secretary.
                                                5 See
                                                                                                      the proposed rule change at least five business days      [FR Doc. 2018–17737 Filed 8–16–18; 8:45 am]
                                                      footnote 3.                                     prior to the date of filing of the proposed rule
                                                6 Exchange  Rule 0120(i).                                                                                       BILLING CODE 8011–01–P
                                                                                                      change, or such shorter time as designated by the
                                                7 15 U.S.C. 78f(b).
                                                                                                      Commission. The Exchange has requested a waiver
                                                8 15 U.S.C. 78f(b)(5).                                of this requirement.                                        11 17   CFR 200.30–3(a)(12).



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Document Created: 2018-08-17 03:26:09
Document Modified: 2018-08-17 03:26:09
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 41115 

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