83 FR 42723 - Self-Regulatory Organizations; Cboe C2 Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Options Regulatory Fee

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 83, Issue 164 (August 23, 2018)

Page Range		42723-42725
FR Document		2018-18161
Federal Register, Volume 83 Issue 164 (Thursday, August 23, 2018)
[Federal Register Volume 83, Number 164 (Thursday, August 23, 2018)]
[Notices]
[Pages 42723-42725]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-18161]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-83876; File No. SR-C2-2018-017]


Self-Regulatory Organizations; Cboe C2 Exchange, Inc.; Notice of 
Filing and Immediate Effectiveness of a Proposed Rule Change To Amend 
the Options Regulatory Fee

August 17, 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 9, 2018, Cboe C2 Exchange, Inc. (the ``Exchange'' or 
``C2'') filed with the Securities and Exchange Commission (the 
``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 amend its Fees Schedule relating to the 
Options Regulatory Fee.
    The text of the proposed rule change is also available on the 
Exchange's

[[Page 42724]]

website (http://www.c2exchange.com/Legal/), at the Exchange's Office of 
the Secretary, 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 the 
Statutory Basis for, the Proposed Rule Change

1. Purpose
    The Exchange proposes to decrease the Options Regulatory Fee 
(``ORF'') from $.0014 per contract to $.0011 per contract in order to 
help ensure that revenue collected from the ORF, in combination with 
other regulatory fees and fines, meets the Exchange's total regulatory 
costs.\3\
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    \3\ The Exchange initially filed the proposed fee change on 
August 1, 2018 (SR-C2-2018-016) for August 1, 2018 effectiveness. On 
business date August 9, 2018, the Exchange withdrew that filing and 
submitted this filing.
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    The ORF is assessed by C2 Options to each Trading Permit Holder 
(``TPH'') for options transactions cleared by the TPH that are cleared 
by the Options Clearing Corporation (OCC) in the customer range, 
regardless of the exchange on which the transaction occurs. In other 
words, the Exchange imposes the ORF on all customer-range transactions 
cleared by a TPH, even if the transactions do not take place on the 
Exchange. The ORF is collected by OCC on behalf of the Exchange from 
the Clearing Trading Permit Holder (``CTPH'') or non-CTPH that 
ultimately clears the transaction. With respect to linkage 
transactions, C2 Options reimburses its routing broker providing 
Routing Services pursuant to C2 Options Rule 6.15 for options 
regulatory fees it incurs in connection with the Routing Services it 
provides.
    Revenue generated from ORF, when combined with all of the 
Exchange's other regulatory fees and fines, is designed to recover a 
material portion of the regulatory costs to the Exchange of the 
supervision and regulation of TPH customer options business. Regulatory 
costs include direct regulatory expenses and certain indirect expenses 
for work allocated in support of the regulatory function. The direct 
expenses include in-house and third party service provider costs to 
support the day to day regulatory work such as surveillances, 
investigations and examinations. The indirect expenses include support 
from such areas as human resources, legal, information technology and 
accounting. These indirect expenses are estimated to be approximately 
6% of C2 Options' total regulatory costs for 2018. Thus, direct 
expenses are estimated to be approximately 94% of total regulatory 
costs for 2018. In addition, it is C2 Options' practice that revenue 
generated from ORF not exceed more than 75% of total annual regulatory 
costs. These expectations are estimated, preliminary and may change. 
There can be no assurance that our final costs for 2018 will not differ 
materially from these expectations and prior practice; however, the 
Exchange believes that revenue generated from the ORF, when combined 
with all of the Exchange's other regulatory fees and fines, will cover 
a material portion, but not all, of the Exchange's regulatory costs.
    The Exchange also notes that its regulatory responsibilities with 
respect to TPH compliance with options sales practice rules have 
largely been allocated to FINRA under a 17d-2 agreement.\4\ The ORF is 
not designed to cover the cost of that options sales practice 
regulation.
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    \4\ See Securities Exchange Act Release No. 76309 (October 29, 
2015), 80 FR 68361 (November 4, 2015).
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    The Exchange will continue to monitor the amount of revenue 
collected from the ORF to ensure that it, in combination with its other 
regulatory fees and fines, does not exceed the Exchange's total 
regulatory costs. The Exchange monitors its regulatory costs and 
revenues at a minimum on a semi-annual basis. If the Exchange 
determines regulatory revenues exceed or are insufficient to cover a 
material portion of its regulatory costs, the Exchange will adjust the 
ORF by submitting a fee change filing to the Commission. The Exchange 
notifies TPHs of adjustments to the ORF via regulatory circular. The 
Exchange endeavors to provide TPHs with such notice at least 30 
calendar days prior to the effective date of the change.
    The Exchange lastly proposes a couple of minor clean up changes to 
the Fees Schedule. Particularly, the ORF is listed as being $.0015 per 
contract through January 31, 2018 and $0.0014 per contract effective 
February 1, 2018. As these dates have passed and the ORF is now simply 
$0.0011 per contract, the Exchange proposes to delete the reference to 
the ORF being $0.0015 per contract through January 31, 2018 and the 
February 1, 2018 effective date of the $0.0014 per contract ORF.
2. Statutory Basis
    The Exchange believes the proposed rule change is consistent with 
the Securities Exchange Act of 1934 (the ``Act'') and the rules and 
regulations thereunder applicable to the Exchange and, in particular, 
the requirements of Section 6(b) of the Act.\5\ Specifically, the 
Exchange believes the proposed rule change is consistent with Section 
6(b)(4) of the Act,\6\ which provides that Exchange rules may provide 
for the equitable allocation of reasonable dues, fees, and other 
charges among its TPHs and other persons using its facilities. 
Additionally, the Exchange believes the proposed rule change is 
consistent with the Section 6(b)(5) \7\ requirement that the rules of 
an exchange not be designed to permit unfair discrimination between 
customers, issuers, brokers, or dealers.
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    \5\ 15 U.S.C. 78f(b).
    \6\ 15 U.S.C. 78f(b)(4).
    \7\ 15 U.S.C. 78f(b)(5).
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    The Exchange believes the proposed fee change is reasonable because 
it would help ensure that revenue collected from the ORF, in 
combination with other regulatory fees and fines, does not exceed the 
Exchange's total regulatory costs. Moreover, the Exchange believes the 
ORF ensures fairness by assessing higher fees to those TPHs that 
require more Exchange regulatory services based on the amount of 
customer options business they conduct. Regulating customer trading 
activity is much more labor intensive and requires greater expenditure 
of human and technical resources than regulating non-customer trading 
activity, which tends to be more automated and less labor-intensive. As 
a result, the costs associated with administering the customer 
component of the Exchange's overall regulatory program are materially 
higher than the costs associated with administering the non-customer 
component (e.g., TPH proprietary transactions) of its regulatory 
program.\8\ The Exchange believes the proposed fee change is equitable 
and not unfairly discriminatory in that it is charged to all

[[Page 42725]]

TPHs on all their transactions that clear in the customer range at the 
OCC.
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    \8\ If the Exchange changes its method of funding regulation or 
if circumstances otherwise change in the future, the Exchange may 
decide to modify the ORF or assess a separate regulatory fee on TPH 
proprietary transactions if the Exchange deems it advisable.
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    The Exchange believes the proposal to eliminate obsolete language 
with respect to past ORF rates maintains clarity in the rules and 
alleviates potential confusion, thereby protecting investors and the 
public interest.

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. This proposal does not create 
an unnecessary or inappropriate intra-market burden on competition 
because the ORF applies to all customer activity, thereby raising 
regulatory revenue to offset regulatory expenses. It also supplements 
the regulatory revenue derived from non-customer activity. This 
proposal does not create an unnecessary or inappropriate inter-market 
burden on competition because it is a regulatory fee that supports 
regulation in furtherance of the purposes of the Act. The Exchange is 
obligated to ensure that the amount of regulatory revenue collected 
from the ORF, in combination with its other regulatory fees and fines, 
does not exceed regulatory costs.

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

    The Exchange neither solicited nor received comments on the 
proposed rule change.

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

    The foregoing rule change has become effective pursuant to Section 
19(b)(3)(A) of the Act \9\ and paragraph (f) of Rule 19b-4 \10\ 
thereunder. At any time within 60 days of the filing of the proposed 
rule change, the Commission summarily may temporarily suspend such rule 
change if it appears to the Commission that such action is necessary or 
appropriate in the public interest, for the protection of investors, or 
otherwise in furtherance of the purposes of the Act. If the Commission 
takes such action, the Commission will institute proceedings to 
determine whether the proposed rule change should be approved or 
disapproved.
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    \9\ 15 U.S.C. 78s(b)(3)(A).
    \10\ 17 CFR 240.19b-4(f).
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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 No. SR-C2-2018-017 on the subject line.

Paper Comments

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

All submissions should refer to File No. SR-C2-2018-017. 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 No. SR-C2-2018-017, and should be submitted on or 
before September 13, 2018.
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    \11\ 17 CFR 200.30-3(a)(12).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\11\
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018-18161 Filed 8-22-18; 8:45 am]
 BILLING CODE 8011-01-P
Federal Register / Vol. 83, No. 164 / Thursday, August 23, 2018 / Notices 42723

The Nasdaq Exchanges represent that such exemption in 2010, the conditioned upon the Nasdaq
the BX Rule 8000 and 9000 Series are Commission repeated a prior, 2004 Exchanges promptly providing written
not trading rules. Moreover, the Nasdaq Commission statement that it would notice to their members whenever the
Exchanges state that in each instance, consider similar future exemption BX changes a rule that the Nasdaq
the Nasdaq Exchanges propose to requests from other self-regulatory Exchanges have incorporated by
incorporate by reference categories of organizations (‘‘SROs’’), provided that: reference.
rules (rather than individual rules • An SRO wishing to incorporate Accordingly, it is ordered, pursuant to
within a category) that are regulatory in rules of another SRO by reference has Section 36 of the Exchange Act,14 that
nature. The Nasdaq Exchanges will, as submitted a written request for an order the Nasdaq Exchanges are exempt from
a condition of this exemption, provide exempting it from the requirement in the rule filing requirements of Section
written notice to their members Section 19(b) of the Exchange Act to file 19(b) of the Exchange Act solely with
whenever BX proposes a change to its proposed rule changes relating to the respect to changes to the rules identified
Rule 8000 and 9000 Series.7 Such notice rules incorporated by reference, has in their request that incorporate by
will alert the members of each Nasdaq identified the applicable originating reference certain BX rules that are the
Exchange to the proposed rule change SRO(s), together with the rules it wants result of changes to such BX rules,
and give them an opportunity to to incorporate by reference, and provided that the Nasdaq Exchanges
comment on the proposal. The Nasdaq otherwise has complied with the promptly provide written notice to their
Exchanges state that they will also procedural requirements set forth in the members whenever the BX proposes to
inform members in writing when the Commission’s release governing change a rule that the Nasdaq Exchanges
Commission approves any such procedures for requesting exemptive have incorporated by reference.
proposed changes.8 orders pursuant to Rule 0–12 under the For the Commission, by the Division of
The Nasdaq Exchanges believe this Exchange Act; 11 Trading and Markets, pursuant to delegated
exemption is necessary and appropriate, • The incorporating SRO has authority.15
because it will result in the Nasdaq requested incorporation of categories of Eduardo A. Aleman,
Exchanges’ rules being consistent with rules (rather than individual rules Assistant Secretary.
the relevant cross-referenced BX rules at within a category) that are not trading [FR Doc. 2018–18278 Filed 8–22–18; 8:45 am]
all times, thus ensuring that the Nasdaq rules (e.g., the SRO has requested BILLING CODE 8011–01–P
Exchanges and BX maintain a incorporation of rules such as margin,
harmonious system of investigating, suitability, or arbitration); and
disciplining, and adjudicating the rights • The incorporating SRO has SECURITIES AND EXCHANGE
of their respective members, associated reasonable procedures in place to COMMISSION
persons, and other persons subject to provide written notice to its members
their jurisdiction. Without such an each time a change is proposed to the [Release No. 34–83876; File No. SR–C2–
exemption, members of the Nasdaq 2018–017]
incorporated rules of another SRO.12
Exchanges and BX could become subject The Commission believes that the
to different standards for investigations Self-Regulatory Organizations; Cboe
Nasdaq Exchanges have satisfied each of C2 Exchange, Inc.; Notice of Filing and
and disciplinary actions.9 these conditions. The Commission also
The Commission has issued Immediate Effectiveness of a Proposed
believes that granting the Nasdaq Rule Change To Amend the Options
exemptions similar to the Nasdaq Exchanges an exemption from the rule
Exchanges’ request.10 In granting one Regulatory Fee
filing requirements under Section 19(b)
of the Exchange Act will promote August 17, 2018.
7 The Nasdaq Exchanges state that they will
efficient use of Commission and Nasdaq Pursuant to Section 19(b)(1) of the
provide such notice on their websites in the same
section they use to post their own proposed rule Exchange resources by avoiding Securities Exchange Act of 1934 (the
change filings pursuant to Rule 19b–4(l) within the duplicative rule filings based on ‘‘Act’’),1 and Rule 19b–4 thereunder,2
timeframe required by such Rule. In addition, the simultaneous changes to identical rule notice is hereby given that on August 9,
Nasdaq Exchanges state that their website will also 2018, Cboe C2 Exchange, Inc. (the
include a link to the BX website where the
text sought by more than one SRO.13
proposed rule change filings are located. Id. at 3. The Commission therefore finds it ‘‘Exchange’’ or ‘‘C2’’) filed with the
8 Id. appropriate in the public interest and Securities and Exchange Commission
9 Id. at 2. consistent with the protection of (the ‘‘Commission’’) the proposed rule
10 See, e.g., Securities Exchange Act Release Nos.
investors to exempt the Nasdaq change as described in Items I, II, and
80338 (March 29, 2017), 82 FR 16464 (April 4, Exchanges from the rule filing III below, which Items have been
2017) (order granting exemptive request from MIAX
PEARL, LLC relating to rules of Miami International requirements under Section 19(b) of the prepared by the Exchange. The
Securities Exchange, LLC incorporated by Exchange Act with respect to the above- Commission is publishing this notice to
reference); 72650 (July 22, 2014), 79 FR 44075 (July described rules they have incorporated solicit comments on the proposed rule
29, 2014) (order granting exemptive requests from by reference. This exemption is change from interested persons.
NASDAQ OMX BX, Inc. and the NASDAQ Stock
Market LLC relating to rules of NASDAQ OMX
11 See 17 CFR 240.0–12 and Securities Exchange
I. Self-Regulatory Organization’s
PHLX LLC incorporated by reference); 67256 (June Statement of the Terms of Substance of
26, 2012), 77 FR 39277, 39286 (July 2, 2012) (order Act Release No. 39624 (February 5, 1998), 63 FR
approving SR–BX–2012–030 and granting 8101 (February 18, 1998) (‘‘Commission Procedures the Proposed Rule Change
exemptive request relating to rules incorporated by for Filing Applications for Orders for Exemptive
Relief Pursuant to Section 36 of the Exchange Act;
The Exchange proposes to amend its
reference by the BX Options rules); 61534 (February
18, 2010), 75 FR 8760 (February 25, 2010) (order Final Rule’’). Fees Schedule relating to the Options
Regulatory Fee.
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12 See BATS Options Market Order, supra note 10
granting BATS Exchange, Inc.’s exemptive request
relating to rules incorporated by reference by the (citing Securities Exchange Act Release No. 49260 The text of the proposed rule change
BATS Exchange Options Market rules) (‘‘BATS (February 17, 2004), 69 FR 8500 (February 24, 2004) is also available on the Exchange’s
Options Market Order’’); and 57478 (March 12, (order granting exemptive request relating to rules
2008), 73 FR 14521, 14539–40 (March 18, 2008) incorporated by reference by several SROs) (‘‘2004
14 15 U.S.C. 78mm.
(order approving SR–NASDAQ–2007–004 and SR– Order’’)).
13 See BATS Options Market Order, supra note 15 17 CFR 200.30–3(a)(76).
NASDAQ–2007–080, and granting exemptive
1 15 U.S.C. 78s(b)(1).
request relating to rules incorporated by reference 10, 75 FR at 8761; see also 2004 Order, supra note
by The NASDAQ Options Market). 12, 69 FR at 8502. 2 17 CFR 240.19b–4.

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TPHs on all their transactions that clear IV. Solicitation of Comments For the Commission, by the Division of
in the customer range at the OCC. Trading and Markets, pursuant to delegated
Interested persons are invited to authority.11
The Exchange believes the proposal to submit written data, views, and Eduardo A. Aleman,
eliminate obsolete language with respect arguments concerning the foregoing, Assistant Secretary.
to past ORF rates maintains clarity in including whether the proposed rule [FR Doc. 2018–18161 Filed 8–22–18; 8:45 am]
the rules and alleviates potential change is consistent with the Act. BILLING CODE 8011–01–P
confusion, thereby protecting investors Comments may be submitted by any of
and the public interest. the following methods:
B. Self-Regulatory Organization’s SECURITIES AND EXCHANGE
Electronic Comments
Statement on Burden on Competition COMMISSION
• Use the Commission’s internet [Release No. 34–83870; File No. SR–CBOE–
The Exchange does not believe that comment form (http://www.sec.gov/ 2018–056]
the proposed rule change will impose rules/sro.shtml); or
any burden on competition not Self-Regulatory Organizations; Cboe
necessary or appropriate in furtherance • Send an email to rule-comments@
sec.gov. Please include File No. SR–C2– Exchange, Inc.; Notice of Filing of a
of the purposes of the Act. This Proposed Rule Change To Adopt
proposal does not create an unnecessary 2018–017 on the subject line.
Exchange Rule 6.57, Risk-Weighted
or inappropriate intra-market burden on Paper Comments Assets (‘‘RWA’’) Transactions
competition because the ORF applies to
all customer activity, thereby raising • Send paper comments in triplicate August 17, 2018.
regulatory revenue to offset regulatory to Secretary, Securities and Exchange Pursuant to Section 19(b)(1) of the
expenses. It also supplements the Commission, 100 F Street NE, Securities Exchange Act of 1934 (the
regulatory revenue derived from non- Washington, DC 20549–1090. ‘‘Act’’),1 and Rule 19b–4 thereunder,2
customer activity. This proposal does notice is hereby given that on August 8,
All submissions should refer to File No. 2018, Cboe Exchange, Inc. (the
not create an unnecessary or SR–C2–2018–017. This file number
inappropriate inter-market burden on ‘‘Exchange’’ or ‘‘Cboe Options’’) filed
should be included on the subject line with the Securities and Exchange
competition because it is a regulatory if email is used. To help the
fee that supports regulation in Commission (the ‘‘Commission’’) the
Commission process and review your proposed rule change as described in
furtherance of the purposes of the Act. comments more efficiently, please use
The Exchange is obligated to ensure that Items I, II, and III below, which Items
only one method. The Commission will have been prepared by the Exchange.
the amount of regulatory revenue post all comments on the Commission’s
collected from the ORF, in combination The Commission is publishing this
internet website (http://www.sec.gov/ notice to solicit comments on the
with its other regulatory fees and fines, rules/sro.shtml). Copies of the proposed rule change from interested
does not exceed regulatory costs. submission, all subsequent persons.
C. Self-Regulatory Organization’s amendments, all written statements
with respect to the proposed rule I. Self-Regulatory Organization’s
Statement on Comments on the Statement of the Terms of Substance of
Proposed Rule Change Received From change that are filed with the
the Proposed Rule Change
Members, Participants, or Others Commission, and all written
communications relating to the The Exchange proposes to amend its
The Exchange neither solicited nor proposed rule change between the rules to adopt Rule 6.57 to facilitate the
received comments on the proposed Commission and any person, other than reduction of SPX options positions
rule change. those that may be withheld from the maintained by Cboe Options Market-
public in accordance with the Makers.
III. Date of Effectiveness of the The text of the proposed rule change
Proposed Rule Change and Timing for provisions of 5 U.S.C. 552, will be
available for website viewing and is also available on the Exchange’s
Commission Action website (http://www.cboe.com/
printing in the Commission’s Public
The foregoing rule change has become Reference Room, 100 F Street NE, AboutCBOE/CBOELegalRegulatory
Washington, DC 20549, on official Home.aspx), at the Exchange’s Office of
effective pursuant to Section 19(b)(3)(A)
business days between the hours of the Secretary, and at the Commission’s
of the Act 9 and paragraph (f) of Rule
10:00 a.m. and 3:00 p.m. Copies of the Public Reference Room.
19b–4 10 thereunder. At any time within
60 days of the filing of the proposed rule filing also will be available for II. Self-Regulatory Organization’s
change, the Commission summarily may inspection and copying at the principal Statement of the Purpose of, and
temporarily suspend such rule change if office of the Exchange. All comments Statutory Basis for, the Proposed Rule
it appears to the Commission that such received will be posted without change. Change
action is necessary or appropriate in the Persons submitting comments are In its filing with the Commission, the
public interest, for the protection of cautioned that we do not redact or edit Exchange included statements
investors, or otherwise in furtherance of personal identifying information from concerning the purpose of and basis for
the purposes of the Act. If the comment submissions. You should the proposed rule change and discussed
Commission takes such action, the submit only information that you wish any comments it received on the
daltland on DSKBBV9HB2PROD with NOTICES

Commission will institute proceedings to make available publicly. All proposed rule change. The text of these
to determine whether the proposed rule submissions should refer to File No. statements may be examined at the
change should be approved or SR–C2–2018–017, and should be places specified in Item IV below. The
disapproved. submitted on or before September 13, Exchange has prepared summaries, set
2018.
9 15 U.S.C. 78s(b)(3)(A). 1 15 U.S.C. 78s(b)(1).
10 17 CFR 240.19b–4(f). 11 17 CFR 200.30–3(a)(12). 2 17 CFR 240.19b–4.

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Document Created: 2018-08-23 00:34:19
Document Modified: 2018-08-23 00:34:19
Category		Regulatory Information
Collection		Federal Register
sudoc Class		AE 2.7: GS 4.107: AE 2.106:
Publisher		Office of the Federal Register, National Archives and Records Administration
Section		Notices
FR Citation		83 FR 42723