83 FR 47950 - Self-Regulatory Organizations; Cboe EDGX 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 | 47950-47952 | |
| FR Document | 2018-20546 |
[Federal Register Volume 83, Number 184 (Friday, September 21, 2018)] [Notices] [Pages 47950-47952] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2018-20546] ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION [Release No. 34-84167; File No. SR-CboeEDGX-2018-040] Self-Regulatory Organizations; Cboe EDGX 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 EDGX Exchange, Inc. (``Exchange'' or ``EDGX'') 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 [[Page 47951]] 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 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 [[Page 47952]] 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 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-CboeEDGX-2018-040 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-CboeEDGX-2018-040. 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-CboeEDGX-2018-040 and should be submitted on or before October 12, 2018. --------------------------------------------------------------------------- \16\ 17 CFR 200.30-3(a)(12). For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.\16\ Eduardo A. Aleman, Assistant Secretary. [FR Doc. 2018-20546 Filed 9-20-18; 8:45 am] BILLING CODE 8011-01-P
![47950 Federal Register / Vol. 83, No. 184 / Friday, September 21, 2018 / Notices
requires the approximately 373 Information Officer, Securities and any comments it received on the
registered transfer agents to establish Exchange Commission, c/o Candace proposed rule change. The text of these
written standards for the acceptance or Kenner, 100 F Street NE, Washington, statements may be examined at the
rejection of guarantees of securities DC 20549, or send an email to: PRA_ places specified in Item IV below. The
transfers from eligible guarantor Mailbox@sec.gov. Exchange has prepared summaries, set
institutions. Transfer agents are required Dated. September 18, 2018. forth in Sections A, B, and C below, of
to establish procedures to ensure that Eduardo A. Aleman, the most significant parts of such
those standards are used by the transfer statements.
Assistant Secretary.
agent to determine whether to accept or
[FR Doc. 2018–20592 Filed 9–20–18; 8:45 am] A. Self-Regulatory Organization’s
reject guarantees from eligible guarantor
BILLING CODE 8011–01–P Statement of the Purpose of, and
institutions. Transfer agents must
Statutory Basis for, the Proposed Rule
maintain, for a period of three years
Change
following the date of a rejection of
SECURITIES AND EXCHANGE
transfer, a record of all transfers 1. Purpose
COMMISSION
rejected, along with the reason for the The SEC recently approved a
rejection, identification of the guarantor, [Release No. 34–84167; File No. SR– proposed rule change to restructure the
and whether the guarantor failed to CboeEDGX–2018–040]
FINRA representative-level qualification
meet the transfer agent’s guarantee examination program.3 The rule change,
standard. These recordkeeping Self-Regulatory Organizations; Cboe
EDGX Exchange, Inc.; Notice of Filing which will become effective on October
requirements assist the Commission and 1, 2018, restructures the examination
other regulatory agencies with and Immediate Effectiveness of a
Proposed Rule Change To Amend Its program into a more efficient format
monitoring transfer agents and ensuring whereby all new representative-level
compliance with the rule. Rules Relating to Categories of
Registration and Respective applicants will be required to take a
There are approximately 373 general knowledge examination (the
registered transfer agents. The staff Qualification Examinations Required
for Members That Engage in Trading Securities Industry Essentials
estimates that each transfer agent will Examination (‘‘SIE’’)) and a tailored,
spend about 40 hours annually to Activities on the Exchange
specialized knowledge examination (a
comply with Rule 17Ad–15, or a total of September 17, 2018. revised representative-level
14,920 hours for all transfer agents (373 Pursuant to Section 19(b)(1) of the qualification examination) for their
× 40 hours = 14,920 hours). The Securities Exchange Act of 1934 (the particular registered role. Individuals
Commission staff estimates that ‘‘Act’’),1 and Rule 19b–4 thereunder,2 are not required to be associated with an
compliance staff work at each registered notice is hereby given that on Exchange or any other self-regulatory
transfer agent will result in an internal September 14, 2018, Cboe EDGX organization (‘‘SRO’’) member to be
cost of compliance (at an estimated Exchange, Inc. (‘‘Exchange’’ or ‘‘EDGX’’) eligible to take the SIE. However,
hourly wage of $283) of $11,320 per filed with the Securities and Exchange passing the SIE alone will not qualify an
year per transfer agent (40 hours × $283 Commission (‘‘Commission’’) the individual for registration with the
per hour = $11,320 per year). Therefore, proposed rule change as described in Exchange. To be eligible for registration,
the aggregate annual internal cost of Items I and II below, which Items have an individual must also be associated
compliance for the approximately 373 been prepared by the Exchange. The with a firm, pass an appropriate
registered transfer agents is Commission is publishing this notice to qualification examination for a
approximately $4,222,360 ($11,320 × solicit comments on the proposed rule representative or principal and satisfy
373 = $4,222,360). change from interested persons. the other requirements relating to the
Written comments are invited on: (a)
I. Self-Regulatory Organization’s registration process.
Whether the proposed collection of The SIE would assess basic product
information is necessary for the proper Statement of the Terms of Substance of
knowledge; the structure and function
performance of the functions of the the Proposed Rule Change
of the securities industry markets,
Commission, including whether the The Exchange is proposing to amend regulatory agencies and their functions;
information shall have practical utility; its rules relating to categories of and regulated and prohibited practices.
(b) the accuracy of the Commission’s registration and respective qualification In particular, the SIE will cover four
estimates of the burden of the proposed examinations required for Members that major areas. The first, ‘‘Knowledge of
collection of information; (c) ways to engage in trading activities on the Capital Markets,’’ focuses on topics such
enhance the quality, utility, and clarity Exchange. as types of markets and offerings,
of the information on respondents; and The text of the proposed rule change broker-dealers and depositories, and
(d) ways to minimize the burden of the is available at the Exchange’s website at economic cycles. The second,
collection of information on www.markets.cboe.com, at the principal ‘‘Understanding Products and Their
respondents, including through the use office of the Exchange, and at the Risks,’’ covers securities products at a
of automated collection techniques or Commission’s Public Reference Room. high level as well as associated
other forms of information technology. investment risks. The third,
Consideration will be given to II. Self-Regulatory Organization’s
Statement of the Purpose of, and ‘‘Understanding Trading, Customer
comments and suggestions submitted in Accounts and Prohibited Activities,’’
writing within 60 days of this Statutory Basis for, the Proposed Rule
Change focuses on accounts, orders, settlement
publication. and prohibited activities. The final area,
daltland on DSKBBV9HB2PROD with NOTICES
An Agency may not conduct or In its filing with the Commission, the ‘‘Overview of the Regulatory
sponsor, and a person is not required to Exchange included statements Framework,’’ encompasses topics such
respond to, a collection of information concerning the purpose of and basis for as SROs, registration requirements and
under the PRA unless it displays a the proposed rule change and discussed
currently valid OMB control number. 3 See Securities Exchange Act Release No. 81098
Please direct your written comments 1 15 U.S.C. 78s(b)(1). (July 7, 2017), 82 FR 32419 (July 13, 2017) (Order
to: Pamela Dyson, Director/Chief 2 17 CFR 240.19b–4. Approving File No. SR–FINRA–2017–007).
VerDate Sep<11>2014 17:30 Sep 20, 2018 Jkt 244001 PO 00000 Frm 00077 Fmt 4703 Sfmt 4703 E:\FR\FM\21SEN1.SGM 21SEN1](https://thefederalregister.org/doc/83_FR_48134/page/1.svg)
![47952 Federal Register / Vol. 83, No. 184 / Friday, September 21, 2018 / Notices
reduce the regulatory burden placed on At any time within 60 days of the to make available publicly. All
market participants engaged in trading filing of the proposed rule change, the submissions should refer to File No.
activities across different markets. The Commission summarily may SR–CboeEDGX–2018–040 and should be
Exchange believes that the temporarily suspend such rule change if submitted on or before October 12,
harmonization of these registration it appears to the Commission that such 2018.
requirements across the various markets action is necessary or appropriate in the For the Commission, by the Division of
will reduce burdens on competition by public interest, for the protection of Trading and Markets, pursuant to delegated
removing impediments to participation investors, or otherwise in furtherance of authority.16
in the national market system and the purposes of the Act. Eduardo A. Aleman,
promoting competition among IV. Solicitation of Comments Assistant Secretary.
participants across the multiple national [FR Doc. 2018–20546 Filed 9–20–18; 8:45 am]
securities exchanges. Interested persons are invited to
BILLING CODE 8011–01–P
submit written data, views and
C. Self-Regulatory Organization’s arguments concerning the foregoing,
Statement on Comments on the including whether the proposal is
Proposed Rule Change Received From SECURITIES AND EXCHANGE
consistent with the Act. Comments may
Members, Participants or Others COMMISSION
be submitted by any of the following
The Exchange has neither solicited methods: [Release No. 34–83936; File No. SR–
NYSEArca–2018–60]
nor received written comments on the Electronic Comments
proposed rule change. • Use the Commission’s internet Self-Regulatory Organizations; NYSE
III. Date of Effectiveness of the comment form (http://www.sec.gov/ Arca, Inc.; Notice of Filing of Proposed
Proposed Rule Change and Timing for rules/sro.shtml); or Rule Change To List and Trade Shares
Commission Action • Send an email to rule-comments@ of the First Trust Long Duration
sec.gov. Please include File No. SR– Opportunities ETF Under NYSE Arca
Because the foregoing proposed rule CboeEDGX–2018–040 on the subject Rule 8.600–E
change does not: (i) Significantly affect line.
the protection of investors or the public August 24, 2018.
interest; (ii) impose any significant Paper Comments Correction
burden on competition; and (iii) become • Send paper comments in triplicate In notice document 2018–18781,
operative for 30 days from the date on to Secretary, Securities and Exchange appearing on pages 44312 through
which it was filed, or such shorter time Commission, 100 F Street NE, 44320, in the issue of Thursday, August
as the Commission may designate, it has Washington, DC 20549–1090. 30, 2018, make the following correction:
become effective pursuant to Section All submissions should refer to File No. On page 44320, in the second column,
19(b)(3)(A) of the Act 12 and Rule 19b– SR-CboeEDGX–2018–040. This file in the first paragraph, in the last row,
4(f)(6) thereunder. number should be included on the ‘‘October 1, 2018’’ should read
A proposed rule change filed under subject line if email is used. To help the ‘‘September 20, 2018’’.
Rule 19b–4(f)(6) normally does not Commission process and review your [FR Doc. C1–2018–18781 Filed 9–20–18; 8:45 am]
become operative for 30 days from the comments more efficiently, please use
BILLING CODE 1301–00–D
date of filing. However, Rule 19b– only one method. The Commission will
4(f)(6)(iii) 13 permits the Commission to post all comments on the Commission’s
designate a shorter time if such action internet website (http://www.sec.gov/ SECURITIES AND EXCHANGE
is consistent with the protection of rules/sro.shtml). Copies of the COMMISSION
investors and the public interest. The submission, all subsequent
Exchange has asked the Commission to amendments, all written statements Sunshine Act Meetings
waive the 30-day operative delay so that with respect to the proposed rule
the proposal may become operative on change that are filed with the TIME AND DATE: Notice is hereby given,
October 1, 2018 to coincide with the Commission, and all written pursuant to the provisions of the
effective date of FINRA’s proposed rule communications relating to the Government in the Sunshine Act, Public
change on which the proposal is proposed rule change between the Law 94–409, that the Securities and
based.14 The waiver of the operative Commission and any person, other than Exchange Commission staff will hold a
delay would make the Exchange’s those that may be withheld from the public roundtable on Wednesday,
qualification requirements consistent public in accordance with the September 26, 2018 at 9:30 a.m.
with those of FINRA, as of October 1, provisions of 5 U.S.C. 552, will be PLACE: The roundtable will be held in
2018. Therefore, the Commission available for website viewing and Multi-Purpose Room LL–006 at the
believes that the waiver of the 30-day printing in the Commission’s Public Commission’s headquarters, 100 F
operative delay is consistent with the Reference Room, 100 F Street NE, Street NE, Washington, DC.
protection of investors and the public Washington, DC 20549, on official STATUS: The meeting will begin at 9:30
interest and hereby waives the 30-day business days between the hours of a.m. and will be open to the public.
operative delay and designates the 10:00 a.m. and 3:00 p.m. Copies of the Seating will be on a first-come, first-
proposal operative on October 1, 2018.15 filing also will be available for served basis. Doors will open at 9:00
inspection and copying at the principal a.m. Visitors will be subject to security
daltland on DSKBBV9HB2PROD with NOTICES
12 15 U.S.C. 78s(b)(3)(A). office of the Exchange. All comments checks. The meeting will be webcast on
13 17 CFR 240.19b–4(f)(6)(iii). received will be posted without change. the Commission’s website at
14 See supra note 3.
Persons submitting comments are www.sec.gov.
15 For purposes only of waiving the 30-day
cautioned that we do not redact or edit MATTERS TO BE CONSIDERED: The
operative delay, the Commission has also
considered the proposed rule’s impact on
personal identifying information from Commission staff will host a roundtable
efficiency, competition, and capital formation. See comment submissions. You should
15 U.S.C. 78c(f). submit only information that you wish 16 17 CFR 200.30–3(a)(12).
VerDate Sep<11>2014 17:30 Sep 20, 2018 Jkt 244001 PO 00000 Frm 00079 Fmt 4703 Sfmt 4703 E:\FR\FM\21SEN1.SGM 21SEN1](https://thefederalregister.org/doc/83_FR_48134/page/3.svg)
Document Created: 2018-09-21 00:24:11
Document Modified: 2018-09-21 00:24:11
| 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 47950 |
2025 Federal Register | Disclaimer | Privacy Policy
USC | CFR | eCFR