83_FR_45336 83 FR 45164 - Sunshine Act Meetings

83 FR 45164 - Sunshine Act Meetings

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 83, Issue 172 (September 5, 2018)

Page Range45164-45165
FR Document2018-19258

Federal Register, Volume 83 Issue 172 (Wednesday, September 5, 2018) 
[Federal Register Volume 83, Number 172 (Wednesday, September 5, 2018)]
[Notices]
[Pages 45164-45165]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-19258]


=======================================================================
-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION


Sunshine Act Meetings

TIME AND DATE: 2:00 p.m. on Thursday, September 6, 2018.

PLACE: Closed Commission Hearing Room 10800.

STATUS: This meeting will be closed to the public.

MATTERS TO BE CONSIDERED: Commissioners, Counsel to the Commissioners, 
the Secretary to the Commission, and recording secretaries will attend 
the closed meeting. Certain staff members who have an interest in the 
matters also may be present.
    The General Counsel of the Commission, or his designee, has 
certified that, in his opinion, one or more of the exemptions set forth 
in 5 U.S.C. 552b(c)(3), (5), (6), (7), (8), 9(B) and (10) and 17 CFR 
200.402(a)(3), (a)(5), (a)(6), (a)(7), (a)(8), (a)(9)(ii) and (a)(10), 
permit consideration of the scheduled matters at the closed meeting.
    Commissioner Jackson, as duty officer, voted to consider the items 
listed for the closed meeting in closed session.
    The subject matters of the closed meeting will be:
    Institution and settlement of injunctive actions;
    Institution and settlement of administrative proceedings;
    Resolution of litigation claims; and
    Other matters relating to enforcement proceedings.
    At times, changes in Commission priorities require alterations in 
the scheduling of meeting items.

CONTACT PERSON FOR MORE INFORMATION: For further information and to 
ascertain what, if any, matters have been added, deleted or postponed; 
please contact Brent J. Fields from the Office of the Secretary at 
(202) 551-5400.


[[Page 45165]]


    Dated: August 30, 2018.
Brent J. Fields,
Secretary.
[FR Doc. 2018-19258 Filed 8-31-18; 11:15 am]
BILLING CODE 8011-01-P

45164 Federal Register / Vol. 83, No. 172 / Wednesday, September 5, 2018 / Notices requirements of operational risk the self-regulatory organization to make available publicly. All management in Rule 17Ad–22(e)(17) 14 consents, the Commission will: submissions should refer to File and the requirements of Regulation (A) By order approve or disapprove Number SR–LCH SA–2018–004 and SCI.15 such proposed rule change, or should be submitted on or before (B) institute proceedings to determine September 26, 2018. B. Clearing Agency’s Statement on whether the proposed rule change Burden on Competition For the Commission, by the Division of should be disapproved. Trading and Markets, pursuant to delegated Section 17A(b)(3)(I) of the Act IV. Solicitation of Comments authority.17 requires that the rules of a clearing Eduardo A. Aleman, Interested persons are invited to agency not impose any burden on Assistant Secretary. submit written data, views, and competition not necessary or [FR Doc. 2018–19147 Filed 9–4–18; 8:45 am] arguments concerning the foregoing, appropriate in furtherance of the including whether the proposed rule BILLING CODE 8011–01–P purposes of the Act.16 LCH SA does not change is consistent with the Act. believe that the proposed rule change Comments may be submitted by any of would impose burdens on competition the following methods: that are not necessary or appropriate in SECURITIES AND EXCHANGE furtherance of the purposes of the Act. Electronic Comments COMMISSION Specifically, the proposed changes to • Use the Commission’s internet the Rule Book, Supplement and comment form (http://www.sec.gov/ Sunshine Act Meetings Procedures would apply equally to all rules/sro.shtml); or Clearing Members and their Clients are • Send an email to rule-comments@ TIME AND DATE: 2:00 p.m. on Thursday, Matched Buyers and Matched Sellers. sec.gov. Please include File Number SR– September 6, 2018. All Clearing Members and their LCH SA–2018–004 on the subject line. PLACE: Closed Commission Hearing designated Clients who are Exercise Room 10800. Delegation Beneficiaries will be Paper Comments STATUS: This meeting will be closed to required to use EEP to exercise Exercise • Send paper comments in triplicate Cleared Transactions. The proposed rule to Secretary, Securities and Exchange the public. change and implementation of EEP will Commission, 100 F Street NE, MATTERS TO BE CONSIDERED: require Clearing Members and their Washington, DC 20549–1090. Commissioners, Counsel to the Clients to connect to LCH SA’s systems All submissions should refer to File Commissioners, the Secretary to the through opening a portal account and Number SR–LCH SA–2018–004. This Commission, and recording secretaries therefore, may impose burdens on file number should be included on the will attend the closed meeting. Certain Clearing Members and their Clients but subject line if email is used. To help the staff members who have an interest in such burdens would be necessary and Commission process and review your the matters also may be present. appropriate to manage LCH SA’s comments more efficiently, please use The General Counsel of the operational risks and to implement an only one method. The Commission will Commission, or his designee, has automated electronic system to capture post all comments on the Commission’s certified that, in his opinion, one or all exercises of Option Intents. internet website (http://www.sec.gov/ more of the exemptions set forth in 5 Therefore, LCH SA does not believe that rules/sro.shtml). Copies of the U.S.C. 552b(c)(3), (5), (6), (7), (8), 9(B) the proposed rule change would impose submission, all subsequent and (10) and 17 CFR 200.402(a)(3), a burden on competition not necessary amendments, all written statements (a)(5), (a)(6), (a)(7), (a)(8), (a)(9)(ii) and or appropriate in furtherance of the with respect to the proposed rule (a)(10), permit consideration of the purposes of the Act. change that are filed with the scheduled matters at the closed meeting. C. Clearing Agency’s Statement on Commission, and all written Commissioner Jackson, as duty Comments on the Proposed Rule communications relating to the officer, voted to consider the items Change Received from Members, proposed rule change between the listed for the closed meeting in closed Participants or Others Commission and any person, other than session. those that may be withheld from the The subject matters of the closed Written comments relating to the public in accordance with the meeting will be: proposed rule change have not been provisions of 5 U.S.C. 552, will be Institution and settlement of solicited or received. LCH SA will available for website viewing and injunctive actions; notify the Commission of any written printing in the Commission’s Public Institution and settlement of comments received by LCH SA. Reference Room, 100 F Street NE, administrative proceedings; Washington, DC 20549 on official Resolution of litigation claims; and III. Date of Effectiveness of the business days between the hours of Proposed Rule Change and Timing for Other matters relating to enforcement 10:00 a.m. and 3:00 p.m. Copies of the Commission Action proceedings. filing also will be available for inspection and copying at the principal At times, changes in Commission Within 45 days of the date of office of LCH SA and on LCH SA’s priorities require alterations in the publication of this notice in the Federal website at: https://www.lch.com/ scheduling of meeting items. Register or within such longer period up to 90 days (i) as the Commission may resources/rules-and-regulations/ CONTACT PERSON FOR MORE INFORMATION: daltland on DSKBBV9HB2PROD with NOTICES designate if it finds such longer period proposed-rule-changes-0. All comments For further information and to ascertain to be appropriate and publishes its received will be posted without change. what, if any, matters have been added, reasons for so finding or (ii) as to which Persons submitting comments are deleted or postponed; please contact cautioned that we do not redact or edit Brent J. Fields from the Office of the 14 17 CFR 240.17Ad–22(e)(17). personal identifying information from Secretary at (202) 551–5400. 15 17 CFR 242.1000–1007. comment submissions. You should 16 15 U.S.C. 78q–1(b)(3)(I). submit only information that you wish 17 17 CFR 200.30–3(a)(12). VerDate Sep<11>2014 17:04 Sep 04, 2018 Jkt 244001 PO 00000 Frm 00077 Fmt 4703 Sfmt 4703 E:\FR\FM\05SEN1.SGM 05SEN1

Federal Register / Vol. 83, No. 172 / Wednesday, September 5, 2018 / Notices 45165 Dated: August 30, 2018. the most significant aspects of such Participants to offset Imbalances, and Brent J. Fields, statements. may therefore be entered until the time Secretary. of execution of the Nasdaq Closing A. Self-Regulatory Organization’s [FR Doc. 2018–19258 Filed 8–31–18; 11:15 am] Cross, but may not be cancelled or Statement of the Purpose of, and modified at or after the Closing Cross BILLING CODE 8011–01–P Statutory Basis for, the Proposed Rule Cutoff, except to correct legitimate Change errors as described below.7 SECURITIES AND EXCHANGE 1. Purpose The Exchange also continues to COMMISSION The purpose of the proposed rule accept LOC Orders between the Closing change is to extend the cutoff times for Cross Cutoff and immediately prior to [Release No. 34–83988; File No. SR– accepting on close orders entered for 3:55 p.m. ET (‘‘Late Cutoff’’) 8 provided NASDAQ–2018–068] participation in the Nasdaq Closing that there is a First Reference Price.9 In Cross. The Nasdaq Closing Cross order to promote price stability in the Self-Regulatory Organizations; The Nasdaq Closing Cross, such LOC Orders provides a transparent auction process Nasdaq Stock Market LLC; Notice of entered during this period are either that determines a single price for the Filing of Proposed Rule Change To canceled or re-priced to the First close. As the equities markets continue Extend the Cutoff Times for Accepting Reference Price, based on the to evolve and become more efficient and On Close Orders Entered for automated, the Exchange believes that Participant’s instruction, if the LOC Participation in the Nasdaq Closing the current cutoff times are overly Order’s limit price is more aggressive Cross restrictive to market participants that than the First Reference Price.10 wish to participate in the Nasdaq Imbalance Only (‘‘IO’’) Orders,11 August 29, 2018. Closing Cross and that typically have to meanwhile, are designed to permit Pursuant to Section 19(b)(1) of the Participants to offset Imbalances and Securities Exchange Act of 1934 tie up on close interest for ten minutes or more at the end of the trading day to therefore may be entered until 4:00 p.m. (‘‘Act’’),1 and Rule 19b–4 thereunder,2 ET when the Exchange executes the notice is hereby given that on August participate in the cross. Similar to cutoffs provided by other equities Nasdaq Closing Cross and disseminates 15, 2018, The Nasdaq Stock Market LLC the executions via the consolidated (‘‘Nasdaq’’ or ‘‘Exchange’’) filed with the exchanges that operate a closing auction, the Exchange believes that the tape.12 Securities and Exchange Commission Participants may also be able to (‘‘Commission’’) the proposed rule proposed cutoff times would give Participants greater control over their on cancel and/or modify their on close change as described in Items I and II orders between the Closing Cross Cutoff below, which Items have been prepared close orders while still leaving enough time at the end of the trading day for and immediately prior to the Late Cutoff by the Exchange. The Commission is in limited circumstances. Specifically, publishing this notice to solicit Participants to react to and offset Imbalances. Last, the Exchange is during this time period: (1) MOC Orders comments on the proposed rule change and IO Orders can be cancelled and/or from interested persons. proposing to begin disseminating the Order Imbalance Indicator at the new modified,13 and (2) LOC Orders can be I. Self-Regulatory Organization’s Closing Cross Cutoff. cancelled but not modified,14 in each Statement of the Terms of Substance of case to correct a legitimate error in the Current Cutoff Times order (e.g., Side, Size, Symbol, or Price, the Proposed Rule Change Generally, Market On Close or duplication of an Order). The Exchange proposes to extend the (‘‘MOC’’) 3 and Limit on Close (‘‘LOC’’) 4 cutoff times for accepting on close Proposed Cutoff Times Orders are accepted today until orders entered for participation in the immediately prior to 3:50 p.m. ET The Exchange now proposes to Nasdaq Closing Cross, and make related (‘‘Closing Cross Cutoff’’) 5 when the change the Closing Cross Cutoff to 3:55 changes. Exchange begins disseminating an Order p.m. ET and the Late Cutoff to 3:58 p.m. The text of the proposed rule change Imbalance Indicator 6 that contains ET.15 The Exchange believes that this is available on the Exchange’s website at information about the Nasdaq Closing http://nasdaq.cchwallstreet.com, at the Cross. Imbalance Only (‘‘IO’’) Orders, on 7 See Rule 4702(b)(13)(A). principal office of the Exchange, and at the other hand, are designed to allow 8 As used in this proposed rule change, the term the Commission’s Public Reference ‘‘Late Cutoff’’ refers to the various 3:55 p.m. ET cutoff times described herein for the Nasdaq Room. 3 A MOC Order is an Order Type entered without Closing Cross, including the cutoff time for entering a price that may be executed only during the the LOC Orders described above and the cutoff time II. Self-Regulatory Organization’s Nasdaq Closing Cross. See Rule 4702(b)(11). for correcting legitimate errors in an on close order. Statement of the Purpose of, and 4 A LOC Order is an Order Type entered with a 9 ‘‘First Reference Price’’ shall mean the Current Statutory Basis for, the Proposed Rule price that may be executed only in the Nasdaq Reference Price in the first Order Imbalance Change Closing Cross, and only if the price determined by Indicator disseminated at or after 3:50 p.m. ET. See the Nasdaq Closing Cross is equal to or better than Rule 4754(a)(9). In its filing with the Commission, the the price at which the LOC Order was entered. See 10 See Rule 4702(b)(12)(A). Exchange included statements Rule 4702(b)(12). 11 An IO Order is an Order entered with a price 5 As used in this proposed rule change, the term concerning the purpose of and basis for ‘‘Closing Cross Cutoff’’ refers to the various 3:50 that may be executed only in the Nasdaq Closing the proposed rule change and discussed Cross and only against MOC Orders or LOC Orders. p.m. ET cutoff times described herein for the See Rule 4702(b)(13). any comments it received on the Nasdaq Closing Cross, including the regular cutoff 12 See Rule 4702(b)(13)(A). proposed rule change. The text of these time for entering MOC/LOC Orders described above daltland on DSKBBV9HB2PROD with NOTICES 13 See Rule 4702(b)(11)(A), (13)(A). As provided and the related cutoff time for cancelling or statements may be examined at the modifying IO Orders, which is currently at or after in these rules, MOC and IO Orders cannot be places specified in Item IV below. The 3:50 p.m. ET in contrast to MOC/LOC Orders whose cancelled or modified at or after the Late Cutoff for Exchange has prepared summaries, set cutoff times are immediately prior to 3:50 p.m. ET. any reason. 6 ‘‘Order Imbalance Indicator’’ means a message 14 See Rule 4702(b)(12)(A). forth in sections A, B, and C below, of 15 The Exchange proposes to reflect the proposed disseminated by electronic means containing information about MOC, LOC, IO, and Close cutoff times throughout the Nasdaq rulebook, 1 15 U.S.C. 78s(b)(1). Eligible Interest and the price at which those orders including Rule 4702(b)(11)–(13), which defines 2 17 CFR 240.19b–4. would execute at the time of dissemination. Continued VerDate Sep<11>2014 17:04 Sep 04, 2018 Jkt 244001 PO 00000 Frm 00078 Fmt 4703 Sfmt 4703 E:\FR\FM\05SEN1.SGM 05SEN1


Document Created: 2018-09-05 01:58:30
Document Modified: 2018-09-05 01:58:30
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
Dates2:00 p.m. on Thursday, September 6, 2018.
FR Citation83 FR 45164 
2025 Federal Register | Disclaimer | Privacy Policy
USC | CFR | eCFR