83 FR 45479 - Self-Regulatory Organizations; Nasdaq BX, Inc.; Notice of Designation of a Longer Period for Commission Action on Proposed Rule Change To Make Permanent the Exchange's Retail Price Improvement Program, Which is Set To Expire on December 31, 2018

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 83, Issue 174 (September 7, 2018)

Page Range		45479-45480
FR Document		2018-19374

Federal Register, Volume 83 Issue 174 (Friday, September 7, 2018)

[Federal Register Volume 83, Number 174 (Friday, September 7, 2018)]
[Notices]
[Pages 45479-45480]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-19374]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-84013; File No. SR-BX-2018-025]


Self-Regulatory Organizations; Nasdaq BX, Inc.; Notice of 
Designation of a Longer Period for Commission Action on Proposed Rule 
Change To Make Permanent the Exchange's Retail Price Improvement 
Program, Which is Set To Expire on December 31, 2018

August 31, 2018.
    On July 9, 2018, Nasdaq BX, Inc. (``Exchange'') filed with the 
Securities and Exchange Commission (``Commission''), pursuant to 
Section 19(b)(1) of the Securities Exchange Act of 1934 (``Exchange 
Act'') \1\ and Rule 19b-4 thereunder,\2\ a proposed rule change to make 
permanent the Exchange's Retail Price Improvement Program. The proposed 
rule change was

[[Page 45480]]

published for comment in the Federal Register on July 26, 2018.\3\ The 
Commission has received no comment letters on the proposed rule change.
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ See Securities Exchange Act Release No. 83681 (July 20, 
2018), 83 FR 35516.
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    Section 19(b)(2) of the Act \4\ provides that within 45 days of the 
publication of notice of the filing of a proposed rule change, or 
within such longer period up to 90 days as the Commission may designate 
if it finds such longer period to be appropriate and publishes its 
reasons for so finding, or as to which the self-regulatory organization 
consents, the Commission shall either approve the proposed rule change, 
disapprove the proposed rule change, or institute proceedings to 
determine whether the proposed rule change should be disapproved. The 
45th day after publication of the notice for this proposed rule change 
is September 9, 2018.
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    \4\ 15 U.S.C. 78s(b)(2).
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    The Commission is extending the 45-day time period for Commission 
action on the proposed rule change. The Commission finds it appropriate 
to designate a longer period within which to take action on the 
proposed rule change so that it has sufficient time to consider the 
proposed rule change. Accordingly, the Commission, pursuant to Section 
19(b)(2) of the Act and for the reasons stated above,\5\ designates 
October 24, 2018, as the date by which the Commission shall either 
approve or disapprove, or institute proceedings to determine whether to 
disapprove, the proposed rule change (File No. SR-BX-2018-025).
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    \5\ Id.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\6\
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    \6\ 17 CFR 200.30-3(a)(31).
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Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018-19374 Filed 9-6-18; 8:45 am]
 BILLING CODE 8011-01-P

Federal Register / Vol. 83, No. 174 / Friday, September 7, 2018 / Notices 45479

expensive transactions.18 In this regard, III. Date of Effectiveness of the rules/sro.shtml). Copies of the
the Exchange notes that proposed new Proposed Rule Change and Timing for submission, all subsequent
optional functionality may improve the Commission Action amendments, all written statements
Exchange market by attracting more Because the foregoing proposed rule with respect to the proposed rule
Order flow, which is currently trading change does not: (i) Significantly affect change that are filed with the
on less transparent venues that the protection of investors or the public Commission, and all written
contribute less to price discovery and interest; (ii) impose any significant communications relating to the
price competition than executions and burden on competition; and (iii) become proposed rule change between the
quotes that occur on lit exchanges. Such operative for 30 days from the date on Commission and any person, other than
new Order flow will further enhance the which it was filed, or such shorter time those that may be withheld from the
depth and liquidity on the Exchange, as the Commission may designate, it has public in accordance with the
which supports just and equitable provisions of 5 U.S.C. 552, will be
become effective pursuant to Section
principles of trade. Furthermore, the available for website viewing and
19(b)(3)(A) of the Act 19 and Rule 19b–
proposed modification to the Minimum printing in the Commission’s Public
4(f)(6) thereunder.20
Quantity Order Attribute is consistent At any time within 60 days of the Reference Room, 100 F Street NE,
with providing market participants with Washington, DC 20549, on official
filing of the proposed rule change, the
greater control over the nature of their business days between the hours of
Commission summarily may
executions so that they may achieve 10:00 a.m. and 3:00 p.m. Copies of the
temporarily suspend such rule change if
their trading goals and improve the filing also will be available for
it appears to the Commission that such
quality of their executions. inspection and copying at the principal
action is: (i) Necessary or appropriate in
office of the Exchange. All comments
B. Self-Regulatory Organization’s the public interest; (ii) for the protection
received will be posted without change.
Statement on Burden on Competition of investors; or (iii) otherwise in
Persons submitting comments are
furtherance of the purposes of the Act.
cautioned that we do not redact or edit
The Exchange does not believe that If the Commission takes such action, the
personal identifying information from
the proposed rule change will result in Commission shall institute proceedings comment submissions. You should
any burden on competition that is not to determine whether the proposed rule submit only information that you wish
necessary or appropriate in furtherance should be approved or disapproved. to make available publicly. All
of the purposes of the Act, as amended.
IV. Solicitation of Comments submissions should refer to File
Specifically, the proposed change
Interested persons are invited to Number SR–BX–2018–040 and should
allows market participants to condition
be submitted on or before September 28,
the processing of their Orders based on submit written data, views, and
2018.
a minimum execution size. The changes arguments concerning the foregoing,
to the Minimum Quantity Order including whether the proposed rule For the Commission, by the Division of
Attribute will enhance the functionality change is consistent with the Act. Trading and Markets, pursuant to delegated
authority.21
offered by the Exchange to its members, Comments may be submitted by any of
the following methods: Eduardo A. Aleman,
thereby promoting its competitiveness
with other exchanges and non-exchange Assistant Secretary.
Electronic Comments [FR Doc. 2018–19376 Filed 9–6–18; 8:45 am]
trading venues that already offer the
same or similar functionality. As a • Use the Commission’s internet BILLING CODE 8011–01–P
consequence, the proposed change will comment form (http://www.sec.gov/
promote competition among exchanges rules/sro.shtml); or
and their peers, which, in turn, will • Send an email to rule-comments@ SECURITIES AND EXCHANGE
decrease the burden on competition sec.gov. Please include File Number SR– COMMISSION
rather than place an unnecessary burden BX–2018–040 on the subject line. [Release No. 34–84013; File No. SR–BX–
thereon. Paper Comments 2018–025]
C. Self-Regulatory Organization’s • Send paper comments in triplicate Self-Regulatory Organizations; Nasdaq
Statement on Comments on the to Secretary, Securities and Exchange BX, Inc.; Notice of Designation of a
Proposed Rule Change Received From Commission, 100 F Street NE, Longer Period for Commission Action
Members, Participants, or Others Washington, DC 20549–1090. on Proposed Rule Change To Make
All submissions should refer to File Permanent the Exchange’s Retail Price
No written comments were either Improvement Program, Which is Set To
Number SR–BX–2018–040. This file
solicited or received. Expire on December 31, 2018
number should be included on the
subject line if email is used. To help the
18 As noted, the proposal is designed to attract August 31, 2018.
Commission process and review your
liquidity to the Exchange by allowing market
comments more efficiently, please use On July 9, 2018, Nasdaq BX, Inc.
participants to designate a minimum size of contra- (‘‘Exchange’’) filed with the Securities
side Order with which to interact, thus providing only one method. The Commission will
market participants with functionality that is and Exchange Commission
post all comments on the Commission’s
otherwise available to them on another exchange (‘‘Commission’’), pursuant to Section
internet website (http://www.sec.gov/
(i.e., Nasdaq). The designation of a minimum size 19(b)(1) of the Securities Exchange Act
may reduce the interaction that such new Order of 1934 (‘‘Exchange Act’’) 1 and Rule
19 15 U.S.C. 78s(b)(3)(A).
flow would have with smaller contra-side Orders on
19b–4 thereunder,2 a proposed rule
daltland on DSKBBV9HB2PROD with NOTICES

the Exchange, some of which may be retail Order 20 17 CFR 240.19b–4(f)(6). In addition, Rule 19b–
flow. The Exchange notes that since the Order flow 4(f)(6)(iii) requires a self-regulatory organization to change to make permanent the
attracted by this functionality may also represent give the Commission written notice of its intent to Exchange’s Retail Price Improvement
retail investors and is in addition to the existing file the proposed rule change, along with a brief Program. The proposed rule change was
Order flow currently on the Exchange, market description and text of the proposed rule change,
quality for retail investors ultimately should not be at least five business days prior to the date of filing
21 17 CFR 200.30–3(a)(12).
negatively impacted. Accordingly, the Exchange of the proposed rule change, or such shorter time
1 15 U.S.C. 78s(b)(1).
does not believe that retail Orders will be as designated by the Commission. The Exchange
disadvantaged by the proposed change. has satisfied this requirement. 2 17 CFR 240.19b–4.

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45480 Federal Register / Vol. 83, No. 174 / Friday, September 7, 2018 / Notices

published for comment in the Federal SUMMARY: The FHWA is issuing this FHWA is issuing a Notice to Rescind the
Register on July 26, 2018.3 The notice to advise the public that, effective Notice of Intent to prepare and EIS for
Commission has received no comment immediately, we are rescinding a Notice the SELL project that was initially
letters on the proposed rule change. of Intent (NOI) to prepare an issued March 17, 2006.
Section 19(b)(2) of the Act 4 provides Environmental Impact Statement (EIS) Dated: August 31, 2018.
that within 45 days of the publication of for the proposed Southern Evacuation Emily O. Lawton,
notice of the filing of a proposed rule Life Line (SELL) project in Georgetown
Division Administrator, Columbia, South
change, or within such longer period up and Horry counties, South Carolina. Carolina.
to 90 days as the Commission may FOR FURTHER INFORMATION CONTACT: [FR Doc. 2018–19445 Filed 9–6–18; 8:45 am]
designate if it finds such longer period Emily O. Lawton, Division
BILLING CODE 4910–22–P
to be appropriate and publishes its Administrator, Federal Highway
reasons for so finding, or as to which the Administration, Strom Thurmond
self-regulatory organization consents, Federal Building, 1835 Assembly Street, DEPARTMENT OF TRANSPORTATION
the Commission shall either approve the Suite 1270, Columbia, South Carolina
proposed rule change, disapprove the 29201, Telephone: (803) 765–5411, Pipeline and Hazardous Materials
proposed rule change, or institute Email: emily.lawton@dot.gov. Safety Administration
proceedings to determine whether the SUPPLEMENTARY INFORMATION: The
proposed rule change should be [Docket No. PHMSA–2016–0128]
FHWA, in cooperation with the South
disapproved. The 45th day after Carolina Department of Transportation Pipeline Safety: Meeting of the
publication of the notice for this (SCDOT), issued a NOI on March 17, Voluntary Information-Sharing System
proposed rule change is September 9, 2006, to prepare an environmental Working Group
2018. impact statement (EIS) on a proposal for
The Commission is extending the 45- a new alignment roadway, known as the AGENCY: Pipeline and Hazardous
day time period for Commission action Southern Evacuation Life Line (SELL), Materials Safety Administration
on the proposed rule change. The located in Georgetown and Horry (PHMSA), DOT.
Commission finds it appropriate to counties, South Carolina. The purpose ACTION: Notice.
designate a longer period within which of the project was to establish a new
to take action on the proposed rule alignment hurricane evacuation route SUMMARY: This notice announces a
change so that it has sufficient time to for the southeastern portion of Horry public meeting of the Voluntary
consider the proposed rule change. County and the northeastern portion of Information-sharing System (VIS)
Accordingly, the Commission, pursuant Georgetown County in South Carolina, Working Group. The VIS Working
to Section 19(b)(2) of the Act and for the between U.S. 17 near Garden City, SC, Group will convene to discuss and
reasons stated above,5 designates and U.S. 501 near Aynor, SC. The identify recommendations to establish a
October 24, 2018, as the date by which FHWA was initially involved as the lead voluntary information-sharing system.
the Commission shall either approve or federal agency for this project as there DATES: The public meeting will be held
disapprove, or institute proceedings to was a federal earmark of $4 million on October 3, 2018, from 8:30 a.m. to
determine whether to disapprove, the being used for the project that was being 5:00 p.m. ET. Members of the public
proposed rule change (File No. SR–BX– administered by FHWA. A Draft who wish to attend in person should
2018–025). Environmental Impact Statement (DEIS) register no later than September 26,
For the Commission, by the Division of was prepared and a Notice of 2018. Individuals requiring
Trading and Markets, pursuant to delegated Availability was issued on August 15, accommodations, such as sign language
authority.6 2008. However, the proposed project interpretation or other ancillary aids,
Eduardo A. Aleman, was postponed after the DEIS was may notify PHMSA by September 26,
Assistant Secretary. published due a lack of funding at that 2018. For additional information, see
[FR Doc. 2018–19374 Filed 9–6–18; 8:45 am] time. The $4 million from the federal the ADDRESSES section.
BILLING CODE 8011–01–P earmark that was being administered by ADDRESSES: The meeting will be held at
FHWA was completely expended for U.S. Department of Transportation, 1200
this effort. New Jersey Ave. SE, Washington, DC
In late 2016, Horry County passed the 20590. The meeting agenda and
DEPARTMENT OF TRANSPORTATION
RIDE III Capital Project Sales Tax additional information will be
Federal Highway Administration program, which included an allocation published on the following VIS Working
of $25 million for the SELL project to Group registration page at: https://
Notice To Rescind a Notice of Intent To fund preliminary engineering (including primis.phmsa.dot.gov/meetings/
Prepare an Environmental Impact the preparation of a new environmental MtgHome.mtg?mtg=139.
Statement for the Southern Evacuation impact statement), as well as right-of- The meetings will not be webcast;
Life Line Project in Georgetown and way acquisition, should a build however, presentations will be available
Horry Counties, SC alternative be selected for the project. on the meeting website and posted on
Since the federal earmark has been the E-Gov website, https://
AGENCY: Federal Highway completely expended, and no new www.regulations.gov/, under docket
Administration (FHWA), DOT. federal-aid highway program funding number PHMSA–2016–0128 within 30
ACTION: Notice to rescind a Notice of has been identified for the project, days following the meeting.
daltland on DSKBBV9HB2PROD with NOTICES

Intent. FHWA no longer has a federal action Public Participation: This meeting
per Title 23 of the U.S. Code. In will be open to the public. Members of
3 See Securities Exchange Act Release No. 83681
addition, given the amount of time that the public who attend in person will
(July 20, 2018), 83 FR 35516. has passed since the DEIS was also be provided an opportunity to make
4 15 U.S.C. 78s(b)(2). completed, SCDOT and Horry County a statement during the meetings.
5 Id. will essentially need to restart the NEPA Written comments: Persons who wish
6 17 CFR 200.30–3(a)(31). process for the project. Due to this, the to submit written comments on the

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Document Created: 2018-09-07 00:15:00
Document Modified: 2018-09-07 00:15:00

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 45479