83 FR 47945 - Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Its Rules Relating to Categories of Registration and Respective Qualification Examinations Required for Members That Engage in Trading Activities on the Exchange
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 83, Issue 184 (September 21, 2018)
Federal Register Volume 83, Issue 184 (September 21, 2018)
| Page Range | 47945-47947 | |
| FR Document | 2018-20544 |
[Federal Register Volume 83, Number 184 (Friday, September 21, 2018)] [Notices] [Pages 47945-47947] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2018-20544] ======================================================================= ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION [Release No. 34-84166; File No. SR-CboeBZX-2018-071] Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Its Rules Relating to Categories of Registration and Respective Qualification Examinations Required for Members That Engage in Trading Activities on the Exchange September 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 September 14, 2018, Cboe BZX Exchange, Inc. (``Exchange'' or ``BZX'') filed with the Securities and Exchange Commission (``Commission'') the proposed rule change as described in Items I and II below, which Items have been prepared by the Exchange. The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons. --------------------------------------------------------------------------- \1\ 15 U.S.C. 78s(b)(1). \2\ 17 CFR 240.19b-4. --------------------------------------------------------------------------- I. Self-Regulatory Organization's Statement of the Terms of Substance of the Proposed Rule Change The Exchange is proposing to amend its rules relating to categories of registration and respective qualification examinations required for Members that engage in trading activities on the Exchange. The text of the proposed rule change is available at the Exchange's website at www.markets.cboe.com, at the principal office of the Exchange, and at the Commission's Public Reference Room. II. Self-Regulatory Organization's Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change In its filing with the Commission, the Exchange included statements concerning the purpose of and basis for the proposed rule change and discussed any comments it received on the proposed rule change. The text of these statements may be examined at the places specified in Item IV below. The Exchange has prepared summaries, set forth in Sections A, B, and C below, of the most significant parts of such statements. A. Self-Regulatory Organization's Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change 1. Purpose The SEC recently approved a proposed rule change to restructure the FINRA representative-level qualification examination program.\3\ The rule change, which will become effective on October 1, 2018, restructures the examination program into a more efficient format whereby all new representative-level applicants will be required to take a general knowledge examination (the Securities Industry Essentials Examination (``SIE'')) and a tailored, specialized knowledge examination (a revised representative-level qualification examination) for their particular registered role. Individuals are not required to be associated with an Exchange or any other self-regulatory organization (``SRO'') member to be eligible to take the SIE. However, passing the SIE alone will not qualify an individual for registration with the Exchange. To be eligible for registration, an individual must also be associated with a firm, pass an appropriate qualification examination for a representative or principal and satisfy the other requirements relating to the registration process. --------------------------------------------------------------------------- \3\ See Securities Exchange Act Release No. 81098 (July 7, 2017), 82 FR 32419 (July 13, 2017) (Order Approving File No. SR- FINRA-2017-007). --------------------------------------------------------------------------- The SIE would assess basic product knowledge; the structure and function of the securities industry markets, regulatory agencies and their functions; and regulated and prohibited practices. In particular, the SIE will cover four major areas. The first, ``Knowledge of Capital Markets,'' focuses on topics such as types of markets and offerings, broker-dealers and depositories, and economic cycles. The second, ``Understanding Products and Their Risks,'' covers securities products at a high level as well as associated investment risks. The third, ``Understanding Trading, Customer Accounts and Prohibited Activities,'' focuses on accounts, orders, settlement and prohibited activities. The final area, ``Overview of the Regulatory Framework,'' encompasses topics such as SROs, registration requirements and specified conduct rules. It's anticipated that the SIE would include 75 scored questions plus an additional 10 unscored pretest questions. The passing score would be determined through methodologies compliant with testing industry standards used to develop examinations and set passing standards. The restructured program eliminates duplicative testing of general securities knowledge on the current representative-level qualification examinations by moving such content into the SIE. The SIE will test fundamental securities related knowledge, including knowledge of basic products, the structure and function of the securities industry, the regulatory agencies and their functions and regulated and prohibited practices, whereas the revised representative-level qualification examinations will test knowledge relevant to day-to-day activities, responsibilities and job functions of representatives. The SIE was developed in consultation with a committee of industry representatives and representatives of several other SROs. Each of the current representative-level examinations covers general securities knowledge, with the exception of the Research Analyst (Series 86 and 87) examinations. The Exchange proposes to require that effective October 1, 2018, new applicants seeking to register in a representative capacity with the Exchange must pass the SIE before their registrations can become effective. The Exchange proposes to make the requirement operative on October 1, 2018 to coincide with the effective date of FINRA's requirement. The Exchange notes that individuals who are registered as of October 1, 2018 are eligible to maintain their registrations without being subject to any additional requirements. Individuals who had been registered within the past two years prior to October 1, 2018, would also be eligible to maintain those registrations without being subject to any additional requirements, provided they register within two years from the date of their last registration. However, with respect to an individual who is not registered on the effective date of the proposed rule change but was registered within the past two years prior to the effective date of the proposed rule change, the individual's SIE status in the CRD system would be administratively terminated if such individual does not register with the Exchange within four years from the date of the individual's last registration. The Exchange also notes that consistent with Interpretation and Policy .01(b) of Rule 2.5, the Exchange will consider waivers of the SIE alone or the SIE and the [[Page 47946]] representative or principal-level examination(s) for Members who are seeking registration in a representative- or principal-level registration category.\4\ --------------------------------------------------------------------------- \4\ Pursuant to a Regulatory Services Agreement between FINRA and the Exchange, FINRA provides the Exchange certain exam waiver services in responding to exam waiver requests from Exchange Members. --------------------------------------------------------------------------- Lastly, the Exchange proposes to eliminate references in its rules to alternative foreign examination modules, along with specific references to the Series 17, 37 and 38 examinations. Particularly, the Exchange notes that FINRA recently announced it was eliminating the United Kingdom Securities Representative and the Canadian Securities Representative registration categories, along with the respective associated exams (i.e., Series 17, Series 37 and Series 38).\5\ FINRA also stated that it intended to provide individuals who are associated persons of firms and who hold foreign registrations an alternative, more flexible, process to obtain an Exchange representative-level registration.\6\ The Exchange believes that there is sufficient overlap between the SIE and foreign qualification requirements to permit them to act as exemptions to the SIE. As such, the Exchange proposes to provide that individuals who are in good standing as representatives with the Financial Conduct Authority in the United Kingdom or with a Canadian stock exchange or securities regulator would be exempt from the requirement to pass the SIE, and thus would be required only to pass a specialized knowledge examination to register with the Exchange as a representative. The proposed approach would provide individuals with a United Kingdom or Canadian qualification more flexibility to obtain an Exchange representative-level registration. The Exchange notes that FINRA has adopted a similar rule.\7\ --------------------------------------------------------------------------- \5\ See Securities Exchange Act Release No. 81098 (July 7, 2017), 82 FR 32419 (July 13, 2017) (Order Approving File No. SR- FINRA-2017-007). \6\ Id. \7\ Id. --------------------------------------------------------------------------- 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.\8\ Specifically, the Exchange believes the proposed rule change is consistent with the Section 6(b)(5) \9\ requirements that the rules of an exchange be designed to prevent fraudulent and manipulative acts and practices, to promote just and equitable principles of trade, to foster cooperation and coordination with persons engaged in regulating, clearing, settling, processing information with respect to, and facilitating transactions in securities, to remove impediments to and perfect the mechanism of a free and open market and a national market system, and, in general, to protect investors and the public interest. Additionally, the Exchange believes the proposed rule change is consistent with the Section 6(b)(5) \10\ requirement that the rules of an exchange not be designed to permit unfair discrimination between customers, issuers, brokers, or dealers. --------------------------------------------------------------------------- \8\ 15 U.S.C. 78f(b). \9\ 15 U.S.C. 78f(b)(5). \10\ Id. --------------------------------------------------------------------------- The Exchange believes that the proposed rule change will improve the efficiency of the Exchange's examination requirements, without compromising the qualification standards, by eliminating duplicative testing of general securities knowledge on examinations. FINRA has indicated that the SIE was developed in an effort to adopt an examination that would assess basic product knowledge; the structure and function of the securities industry markets, regulatory agencies and their functions; and regulated and prohibited practices. The Exchange also notes that the introduction of the SIE and expansion of the pool of individuals who are eligible to take the SIE, has the potential of enhancing the pool of prospective securities industry professionals by introducing them to securities laws, rules and regulations and appropriate conduct before they join the industry in a registered capacity. Lastly, the Exchange notes adopting the SIE requirement is consistent with the requirement recently adopted by FINRA.\11\ --------------------------------------------------------------------------- \11\ See Securities Exchange Act Release No. 81098 (July 7, 2017), 82 FR 32419 (July 13, 2017) (Order Approving File No. SR- FINRA-2017-007). --------------------------------------------------------------------------- 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 that is not necessary or appropriate in furtherance of the purposes of the Act. The Exchange believes that the proposed rule change, which harmonizes its rules with recent rule changes adopted by FINRA and which is being filed in conjunction with similar filings by the other national securities exchanges, will reduce the regulatory burden placed on market participants engaged in trading activities across different markets. The Exchange believes that the harmonization of these registration requirements across the various markets will reduce burdens on competition by removing impediments to participation in the national market system and promoting competition among participants across the multiple national securities exchanges. C. Self-Regulatory Organization's Statement on Comments on the Proposed Rule Change Received From Members, Participants or Others The Exchange has neither solicited nor received written comments on the proposed rule change. III. Date of Effectiveness of the Proposed Rule Change and Timing for Commission Action Because the foregoing proposed rule change does not: (i) Significantly affect the protection of investors or the public interest; (ii) impose any significant burden on competition; and (iii) become operative for 30 days from the date on which it was filed, or such shorter time as the Commission may designate, it has become effective pursuant to Section 19(b)(3)(A) of the Act \12\ and Rule 19b- 4(f)(6) thereunder. --------------------------------------------------------------------------- \12\ 15 U.S.C. 78s(b)(3)(A). --------------------------------------------------------------------------- A proposed rule change filed under Rule 19b-4(f)(6) normally does not become operative for 30 days from the date of filing. However, Rule 19b-4(f)(6)(iii) \13\ permits the Commission to designate a shorter time if such action is consistent with the protection of investors and the public interest. The Exchange has asked the Commission to waive the 30-day operative delay so that the proposal may become operative on October 1, 2018 to coincide with the effective date of FINRA's proposed rule change on which the proposal is based.\14\ The waiver of the operative delay would make the Exchange's qualification requirements consistent with those of FINRA, as of October 1, 2018. Therefore, the Commission believes that the waiver of the 30-day operative delay is consistent with the protection of investors and the public interest and hereby waives the 30-day operative delay and designates the proposal operative on October 1, 2018.\15\ --------------------------------------------------------------------------- \13\ 17 CFR 240.19b-4(f)(6)(iii). \14\ See supra note 3. \15\ For purposes only of waiving the 30-day operative delay, the Commission has also considered the proposed rule's impact on efficiency, competition, and capital formation. See 15 U.S.C. 78c(f). --------------------------------------------------------------------------- At any time within 60 days of the filing of the proposed rule change, the Commission summarily may temporarily suspend such rule change if it appears to the Commission that such [[Page 47947]] action is necessary or appropriate in the public interest, for the protection of investors, or otherwise in furtherance of the purposes of the Act. IV. Solicitation of Comments Interested persons are invited to submit written data, views and arguments concerning the foregoing, including whether the proposal is consistent with the Act. Comments may be submitted by any of the following methods: Electronic CommentsUse the Commission's internet comment form (http://www.sec.gov/rules/sro.shtml); or Send an email to rule-comments@sec.gov. Please include File No. SR-CboeBZX-2018-071 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-CboeBZX-2018-071. 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-CboeBZX-2018-071 and should be submitted on or before October 12, 2018. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.\16\ --------------------------------------------------------------------------- \16\ 17 CFR 200.30-3(a)(12). --------------------------------------------------------------------------- Eduardo A. Aleman, Assistant Secretary. [FR Doc. 2018-20544 Filed 9-20-18; 8:45 am] BILLING CODE 8011-01-P
![Federal Register / Vol. 83, No. 184 / Friday, September 21, 2018 / Notices 47945
20260–1000. Telephone: (202) 268– places specified in Item IV below. The unscored pretest questions. The passing
4800. Exchange has prepared summaries, set score would be determined through
forth in Sections A, B, and C below, of methodologies compliant with testing
Michael J. Elston,
the most significant parts of such industry standards used to develop
Acting Secretary. statements. examinations and set passing standards.
[FR Doc. 2018–20752 Filed 9–19–18; 4:15 pm] The restructured program eliminates
BILLING CODE 7710–12–P
A. Self-Regulatory Organization’s duplicative testing of general securities
Statement of the Purpose of, and knowledge on the current
Statutory Basis for, the Proposed Rule representative-level qualification
Change examinations by moving such content
SECURITIES AND EXCHANGE
COMMISSION 1. Purpose into the SIE. The SIE will test
The SEC recently approved a fundamental securities related
[Release No. 34–84166; File No. SR–
CboeBZX–2018–071] proposed rule change to restructure the knowledge, including knowledge of
FINRA representative-level qualification basic products, the structure and
Self-Regulatory Organizations; Cboe examination program.3 The rule change, function of the securities industry, the
BZX Exchange, Inc.; Notice of Filing which will become effective on October regulatory agencies and their functions
and Immediate Effectiveness of a 1, 2018, restructures the examination and regulated and prohibited practices,
Proposed Rule Change To Amend Its program into a more efficient format whereas the revised representative-level
Rules Relating to Categories of whereby all new representative-level qualification examinations will test
Registration and Respective applicants will be required to take a knowledge relevant to day-to-day
Qualification Examinations Required general knowledge examination (the activities, responsibilities and job
for Members That Engage in Trading Securities Industry Essentials functions of representatives. The SIE
Activities on the Exchange Examination (‘‘SIE’’)) and a tailored, was developed in consultation with a
specialized knowledge examination (a committee of industry representatives
September 17, 2018.
revised representative-level and representatives of several other
Pursuant to Section 19(b)(1) of the qualification examination) for their SROs. Each of the current
Securities Exchange Act of 1934 (the particular registered role. Individuals representative-level examinations
‘‘Act’’),1 and Rule 19b–4 thereunder,2 are not required to be associated with an covers general securities knowledge,
notice is hereby given that on Exchange or any other self-regulatory with the exception of the Research
September 14, 2018, Cboe BZX organization (‘‘SRO’’) member to be Analyst (Series 86 and 87)
Exchange, Inc. (‘‘Exchange’’ or ‘‘BZX’’) eligible to take the SIE. However, examinations.
filed with the Securities and Exchange The Exchange proposes to require that
passing the SIE alone will not qualify an
Commission (‘‘Commission’’) the effective October 1, 2018, new
individual for registration with the
proposed rule change as described in applicants seeking to register in a
Exchange. To be eligible for registration,
Items I and II below, which Items have representative capacity with the
an individual must also be associated
been prepared by the Exchange. The Exchange must pass the SIE before their
with a firm, pass an appropriate
Commission is publishing this notice to registrations can become effective. The
qualification examination for a
solicit comments on the proposed rule Exchange proposes to make the
representative or principal and satisfy
change from interested persons. requirement operative on October 1,
the other requirements relating to the
2018 to coincide with the effective date
I. Self-Regulatory Organization’s registration process.
The SIE would assess basic product of FINRA’s requirement.
Statement of the Terms of Substance of The Exchange notes that individuals
the Proposed Rule Change knowledge; the structure and function
who are registered as of October 1, 2018
of the securities industry markets,
The Exchange is proposing to amend are eligible to maintain their
regulatory agencies and their functions;
its rules relating to categories of registrations without being subject to
and regulated and prohibited practices.
registration and respective qualification any additional requirements.
In particular, the SIE will cover four
examinations required for Members that Individuals who had been registered
major areas. The first, ‘‘Knowledge of
engage in trading activities on the within the past two years prior to
Capital Markets,’’ focuses on topics such
Exchange. October 1, 2018, would also be eligible
as types of markets and offerings,
The text of the proposed rule change to maintain those registrations without
broker-dealers and depositories, and
is available at the Exchange’s website at being subject to any additional
economic cycles. The second,
www.markets.cboe.com, at the principal requirements, provided they register
‘‘Understanding Products and Their
office of the Exchange, and at the within two years from the date of their
Risks,’’ covers securities products at a
Commission’s Public Reference Room. last registration. However, with respect
high level as well as associated
to an individual who is not registered
II. Self-Regulatory Organization’s investment risks. The third,
on the effective date of the proposed
Statement of the Purpose of, and ‘‘Understanding Trading, Customer
rule change but was registered within
Statutory Basis for, the Proposed Rule Accounts and Prohibited Activities,’’
the past two years prior to the effective
Change focuses on accounts, orders, settlement
date of the proposed rule change, the
and prohibited activities. The final area,
In its filing with the Commission, the individual’s SIE status in the CRD
‘‘Overview of the Regulatory
Exchange included statements system would be administratively
Framework,’’ encompasses topics such
concerning the purpose of and basis for terminated if such individual does not
as SROs, registration requirements and
daltland on DSKBBV9HB2PROD with NOTICES
the proposed rule change and discussed register with the Exchange within four
specified conduct rules. It’s anticipated
any comments it received on the years from the date of the individual’s
that the SIE would include 75 scored
proposed rule change. The text of these last registration. The Exchange also
questions plus an additional 10
statements may be examined at the notes that consistent with Interpretation
3 See Securities Exchange Act Release No. 81098 and Policy .01(b) of Rule 2.5, the
1 15 U.S.C. 78s(b)(1). (July 7, 2017), 82 FR 32419 (July 13, 2017) (Order Exchange will consider waivers of the
2 17 CFR 240.19b–4. Approving File No. SR–FINRA–2017–007). SIE alone or the SIE and the
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![Federal Register / Vol. 83, No. 184 / Friday, September 21, 2018 / Notices 47947
action is necessary or appropriate in the For the Commission, by the Division of approve or disapprove the proposed
public interest, for the protection of Trading and Markets, pursuant to delegated rule change.
investors, or otherwise in furtherance of authority.16
Eduardo A. Aleman, II. Description of the Proposed Rule
the purposes of the Act.
Assistant Secretary.
Change
IV. Solicitation of Comments The Exchange proposes to amend its
[FR Doc. 2018–20544 Filed 9–20–18; 8:45 am]
Interested persons are invited to BILLING CODE 8011–01–P
fee schedule to establish connectivity
submit written data, views and fees for Participants 8 and non-
arguments concerning the foregoing, Participants who connect to the BOX
including whether the proposal is SECURITIES AND EXCHANGE network. Specifically, the Exchange
consistent with the Act. Comments may COMMISSION proposes to charge Participants and
be submitted by any of the following non-Participants with 10 Gigabit
methods: [Release No. 34–84168; File No. SR–BOX– connections a monthly fee of $5,000 per
2018–24] connection, and Participants and non-
Electronic Comments Participants with non-10 Gigabit
• Use the Commission’s internet Self-Regulatory Organizations; BOX connections a monthly fee of $1,000 per
comment form (http://www.sec.gov/ Options Exchange LLC; Suspension of connection. The Exchange would charge
rules/sro.shtml); or and Order Instituting Proceedings To the applicable connectivity fee for each
• Send an email to rule-comments@ Determine Whether To Approve or calendar month to any Participant or
sec.gov. Please include File No. SR– Disapprove a Proposed Rule Change non-Participant connected as of the last
CboeBZX–2018–071 on the subject line. To Amend the Fee Schedule on the trading day of that month.
BOX Market LLC Options Facility To The Exchange also proposes to amend
Paper Comments Establish BOX Connectivity Fees for its fee schedule to reclassify the HSVF
• Send paper comments in triplicate Participants and Non-Participants Who connection as a port fee and to state that
to Secretary, Securities and Exchange Connect to the BOX Network subscribers must be credentialed by the
Commission, 100 F Street NE, Exchange to receive the HSVF.
September 17, 2018.
Washington, DC 20549–1090. According to the Exchange, the HSVF
All submissions should refer to File No. I. Introduction subscription is not dependent on a
SR–CboeBZX–2018–071. This file On July 19, 2018, BOX Options physical connection to the Exchange,
number should be included on the Exchange LLC (‘‘BOX’’ or the and thus is a port and not a physical
subject line if email is used. To help the ‘‘Exchange’’) filed with the Securities connectivity option.9 The amount of the
Commission process and review your and Exchange Commission HSVF fee would remain unchanged, and
comments more efficiently, please use (‘‘Commission’’), pursuant to Section the Exchange would continue to assess
only one method. The Commission will 19(b)(1) of the Securities Exchange Act an HSVF port fee of $1,500 per month
post all comments on the Commission’s of 1934 (‘‘Act’’),1 and Rule 19b–4 for each month a Participant or non-
internet website (http://www.sec.gov/ thereunder,2 a proposed rule change Participant is credentialed to use the
rules/sro.shtml). Copies of the (File No. SR–BOX–2018–24) to amend HSVF port.
submission, all subsequent the BOX fee schedule to establish III. Suspension of the Proposed Rule
amendments, all written statements certain connectivity fees and reclassify Change
with respect to the proposed rule its high speed vendor feed (‘‘HSVF’’) Pursuant to Section 19(b)(3)(C) of the
change that are filed with the connection as a port fee. The proposed Act,10 at any time within 60 days of the
Commission, and all written rule change was immediately effective date of filing of a proposed rule change
communications relating to the upon filing with the Commission pursuant to Section 19(b)(1) of the
proposed rule change between the pursuant to Section 19(b)(3)(A) of the Act,11 the Commission summarily may
Commission and any person, other than Act.3 The proposed rule change was temporarily suspend the change in the
those that may be withheld from the published for comment in the Federal rules of a self-regulatory organization
public in accordance with the Register on August 2, 2018.4 The (‘‘SRO’’) if it appears to the Commission
provisions of 5 U.S.C. 552, will be Commission has received one comment that such action is necessary or
available for website viewing and letter on the proposal 5 and one appropriate in the public interest, for
printing in the Commission’s Public response letter from the Exchange.6 the protection of investors, or otherwise
Reference Room, 100 F Street NE, Under Section 19(b)(3)(C) of the Act,7 in furtherance of the purposes of the
Washington, DC 20549, on official the Commission is hereby: (i) Act. As discussed below, the
business days between the hours of Temporarily suspending the proposed Commission believes a temporary
10:00 a.m. and 3:00 p.m. Copies of the rule change; and (ii) instituting suspension of the proposed rule change
filing also will be available for proceedings to determine whether to is necessary and appropriate to allow for
inspection and copying at the principal additional analysis of the proposed rule
office of the Exchange. All comments 16 17 CFR 200.30–3(a)(12). change’s consistency with the Act and
received will be posted without change. 1 15 U.S.C. 78s(b)(1).
the rules thereunder.
Persons submitting comments are 2 17 CFR 240.19b–4.
As noted above, the Commission
3 15 U.S.C. 78s(b)(3)(A).
cautioned that we do not redact or edit received one comment letter on the
4 See Securities Exchange Act Release No. 83728
personal identifying information from
(July 27, 2018), 83 FR 37853 (‘‘Notice’’).
daltland on DSKBBV9HB2PROD with NOTICES
comment submissions. You should 5 See Letter from Tyler Gellasch, Executive 8 A participant is defined under BOX Rule
submit only information that you wish Director, The Healthy Markets Association, to Brent 100(a)(41) as a firm or organization that is registered
to make available publicly. All J. Fields, Secretary, Commission, dated August 23, with the Exchange pursuant to the BOX Rule 2000
submissions should refer to File No. 2018 (‘‘Healthy Markets Letter’’). Series for purposes of participating in trading on a
6 See Letter from Lisa J. Fall, President, BOX, to facility of the Exchange (‘‘Participant’’).
SR–CboeBZX–2018–071 and should be 9 See Notice, supra note 4, at 37853.
Brent J. Fields, Secretary, Commission, dated
submitted on or before October 12, September 12, 2018 (‘‘BOX Response Letter’’). 10 15 U.S.C. 78s(b)(3)(C).
2018. 7 15 U.S.C. 78s(b)(3)(C). 11 15 U.S.C. 78s(b)(1).
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Document Created: 2018-09-21 00:24:26
Document Modified: 2018-09-21 00:24:26
| Category | Regulatory Information | |
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| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
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| Section | Notices | |
| FR Citation | 83 FR 47945 |
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