83_FR_48661 83 FR 48475 - Self-Regulatory Organizations; Nasdaq BX, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Conform the Exchange's By-Law Provisions Regarding the Chief Regulatory Officer to Those of Its Affiliate, Nasdaq PHLX LLC

83 FR 48475 - Self-Regulatory Organizations; Nasdaq BX, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Conform the Exchange's By-Law Provisions Regarding the Chief Regulatory Officer to Those of Its Affiliate, Nasdaq PHLX LLC

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 83, Issue 186 (September 25, 2018)

Page Range48475-48476
FR Document2018-20762

Federal Register, Volume 83 Issue 186 (Tuesday, September 25, 2018) 
[Federal Register Volume 83, Number 186 (Tuesday, September 25, 2018)]
[Notices]
[Pages 48475-48476]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-20762]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-84215; File No. SR-BX-2018-044]


Self-Regulatory Organizations; Nasdaq BX, Inc.; Notice of Filing 
and Immediate Effectiveness of Proposed Rule Change To Conform the 
Exchange's By-Law Provisions Regarding the Chief Regulatory Officer to 
Those of Its Affiliate, Nasdaq PHLX LLC

September 19, 2018.
    Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 
(``Act''),\1\ and Rule 19b-4 thereunder,\2\ notice is hereby given that 
on September 6, 2018, Nasdaq BX, Inc. (``BX'' or ``Exchange'') filed 
with the Securities and Exchange Commission (``SEC'' or ``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.
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
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I. Self-Regulatory Organization's Statement of the Terms of Substance 
of the Proposed Rule Change

    The Exchange proposes to conform the Exchange's By-Law provisions 
regarding the Chief Regulatory Officer to those of its affiliate, 
Nasdaq PHLX LLC.
    The text of the proposed rule change is available on the Exchange's 
website at http://nasdaqbx.cchwallstreet.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 aspects of such 
statements.

A. Self-Regulatory Organization's Statement of the Purpose of, and 
Statutory Basis for, the Proposed Rule Change

1. Purpose
    The Exchange proposes to amend its By-Laws at Article V, Section 
5.10 to conform its provisions regarding the Exchange's Chief 
Regulatory Officer (``CRO'') to those of its affiliate, Nasdaq PHLX LLC 
(``Phlx'').\3\ By-Law Article V, Section 5.10 presently requires that 
an officer of the Exchange \4\ with the position of Executive Vice 
President or Senior Vice President be designated as the CRO of the 
Exchange. The Exchange now proposes to remove the requirement that the 
CRO be an Executive Vice President or Senior Vice President of the 
Exchange. The Exchange believes that this requirement is unnecessary 
and notes that there may be officers of the Exchange who are well 
qualified to serve in the CRO role, but who may not hold the position 
of an Executive Vice President or Senior Vice President.\5\ The 
Exchange does not seek to amend any of the current responsibilities of 
the CRO as set forth in Section 5.10; \6\ rather, the proposed changes 
are intended to give the Exchange more flexibility to attract and 
retain well qualified officers to the role of CRO that are not 
designated as an Executive Vice President or Senior Vice President of 
the Exchange. As noted above, the Exchange desires to conform the 
requirements to become CRO in its By-Laws to those in the By-Laws of 
Phlx, which do not contain a similar restriction in Article IV, Section 
4-7 of its By-Laws that its CRO be an Executive Vice President or 
Senior Vice President of Phlx.\7\
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    \3\ See Phlx By-Law Article IV, Section 4-7 (Chief Regulatory 
Officer).
    \4\ In Exhibit 5, the references to ``Corporation'' mean the 
Exchange.
    \5\ The Exchange notes that Phlx's CRO currently holds the 
position of Vice President.
    \6\ The CRO's responsibilities include general supervision of 
the regulatory operations of the Exchange, including responsibility 
for overseeing the Exchange's surveillance, examination, and 
enforcement functions and for administering any regulatory services 
agreements with another SRO to which the Exchange is a party. In 
addition, the CRO shall meet with the Regulatory Oversight Committee 
of the Exchange in executive session at regularly scheduled meetings 
of such committee, and at any time upon request of the CRO or any 
member of the Regulatory Oversight Committee. Unlike Phlx, the 
Exchange's By-Laws provide that the CRO may also serve as the 
General Counsel of the Exchange. See By-Law Article V, Section 5.10.
    \7\ See note 5 above.
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2. Statutory Basis
    The Exchange believes that its proposal is consistent with Section 
6(b) of the Act,\8\ in general, and furthers the objectives of Section 
6(b)(1) of the Act,\9\ in particular, in that it enables the Exchange 
to be so organized so as to have the capacity to be able to carry out 
the purposes of the Act and to comply, and to enforce compliance by its 
members and persons associated with its members, with the provisions of 
the Act, the rules and regulations thereunder, and the rules of the 
Exchange. The Exchange also believes that this proposal furthers the 
objectives of Section 6(b)(5) of the Act,\10\ in particular, in that it 
is designed to promote just and equitable principles of trade, 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. The proposed changes will remove the 
requirement currently in Article V, Section 5.10 of the Exchange's By-
Laws that the CRO be an Executive Vice President or Senior Vice 
President of the Exchange. As discussed above, the current 
responsibilities of the CRO as provided in Article V, Section 5.10 
remain unchanged under this proposal, and the CRO will continue to have 
general oversight of the regulatory operations of the Exchange and be 
obligated to meet regularly with the Regulatory Oversight Committee. 
The proposed rule change is intended to provide the Exchange with 
greater flexibility to attract and retain capable individuals who are 
well qualified to serve in the CRO role. In addition, the proposed 
amendments will have the additional benefit of bringing the Exchange's 
requirements on the CRO role into greater conformity with those of its 
affiliate, Phlx, thereby creating equivalent standards among the 
affiliated exchanges owned by Nasdaq, Inc. (``HoldCo'').\11\ As such, 
the Exchange believes that its proposal will bring greater consistency 
to its rules, which is beneficial to both investors and the public 
interest.
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    \8\ 15 U.S.C. 78f(b).
    \9\ 15 U.S.C. 78f(b)(1).
    \10\ 15 U.S.C. 78f(b)(5).
    \11\ The Nasdaq Stock Market LLC (``NSM''), Nasdaq ISE, LLC 
(``ISE''), Nasdaq GEMX, LLC (``GEMX''), and Nasdaq MRX, LLC will 
file similar proposals to conform their By-Laws with Phlx's By-Laws. 
ISE, GEMX, MRX, NSM, BX, and Phlx will hereinafter be referred to 
collectively as ``Affiliated Exchanges.''

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[[Page 48476]]

B. Self-Regulatory Organization's Statement on Burden on Competition

    The Exchange does not believe that the proposed rule change will 
impose any burden on competition not necessary or appropriate in 
furtherance of the purposes of the Act. The proposed rule change does 
not address competitive issues but relates to the administration and 
functioning of the Exchange by allowing the Exchange greater 
flexibility in attracting and retaining well qualified officers to the 
role of CRO that are not designated as an Executive Vice President or 
Senior Vice President.

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

    No written comments were either solicited or received.

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)(iii) of the Act \12\ and 
subparagraph (f)(6) of Rule 19b-4 thereunder.\13\
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    \12\ 15 U.S.C. 78s(b)(3)(A)(iii).
    \13\ 17 CFR 240.19b-4(f)(6). In addition, Rule 19b-4(f)(6)(iii) 
requires a self-regulatory organization to give the Commission 
written notice of its intent to file the proposed rule change, along 
with a brief description and text of the proposed rule change, at 
least five business days prior to the date of filing of the proposed 
rule change, or such shorter time as designated by the Commission. 
The Exchange has satisfied this requirement.
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    A proposed rule change filed under Rule 19b-4(f)(6) \14\ normally 
does not become operative prior to 30 days after the date of the 
filing. However, Rule 19b-4(f)(6)(iii) \15\ 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 proposed 
rule change may become operative immediately upon filing. The Exchange 
notes that waiver of the operative delay will allow it to amend its By-
Laws by September 26, 2018. The Exchange states that the boards of the 
Affiliated Exchanges will collectively meet on that date to address, 
among other matters, certain annual corporate ``housekeeping items,'' 
which the Exchange states has historically included Exchange officer 
appointments. As such, the Commission believes that waiver of the 
operative delay is consistent with the protection of investors and the 
public interest. Therefore, the Commission hereby waives the 30-day 
operative delay and designates the proposed rule change as operative 
upon filing.\16\
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    \14\ 17 CFR 240.19b-4(f)(6).
    \15\ 17 CFR 240.19b-4(f)(6)(iii).
    \16\ 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).
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    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: (i) 
Necessary or appropriate in the public interest; (ii) for the 
protection of investors; or (iii) otherwise in furtherance of the 
purposes of the Act. If the Commission takes such action, the 
Commission shall institute proceedings to determine whether the 
proposed rule should be approved or disapproved.

IV. Solicitation of Comments

    Interested persons are invited to submit written data, views, and 
arguments concerning the foregoing, including whether the proposed rule 
change is consistent with the Act. Comments may be submitted by any of 
the following methods:

Electronic Comments

     Use the Commission's internet comment form (http://www.sec.gov/rules/sro.shtml); or
     Send an email to rule-comments@sec.gov. Please include 
File Number SR-BX-2018-044 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 Number SR-BX-2018-044. 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 Number SR-BX-2018-044 and should be submitted on 
or before October 16, 2018.
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    \17\ 17 CFR 200.30-3(a)(12).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\17\
Brent J. Fields,
Secretary.
[FR Doc. 2018-20762 Filed 9-24-18; 8:45 am]
 BILLING CODE 8011-01-P

Federal Register / Vol. 83, No. 186 / Tuesday, September 25, 2018 / Notices 48475 proposed rule change (File Number SR– statements may be examined at the Vice President or Senior Vice President NYSEArca-2018–54). places specified in Item IV below. The of Phlx.7 For the Commission, by the Division of Exchange has prepared summaries, set 2. Statutory Basis Trading and Markets, pursuant to delegated forth in sections A, B, and C below, of authority.6 the most significant aspects of such The Exchange believes that its Eduardo A. Aleman, statements. proposal is consistent with Section 6(b) Assistant Secretary. of the Act,8 in general, and furthers the A. Self-Regulatory Organization’s objectives of Section 6(b)(1) of the Act,9 [FR Doc. 2018–20769 Filed 9–24–18; 8:45 am] Statement of the Purpose of, and in particular, in that it enables the BILLING CODE 8011–01–P Statutory Basis for, the Proposed Rule Exchange to be so organized so as to Change have the capacity to be able to carry out SECURITIES AND EXCHANGE 1. Purpose the purposes of the Act and to comply, COMMISSION and to enforce compliance by its The Exchange proposes to amend its members and persons associated with [Release No. 34–84215; File No. SR–BX– By-Laws at Article V, Section 5.10 to its members, with the provisions of the 2018–044] conform its provisions regarding the Act, the rules and regulations Exchange’s Chief Regulatory Officer thereunder, and the rules of the Self-Regulatory Organizations; Nasdaq (‘‘CRO’’) to those of its affiliate, Nasdaq Exchange. The Exchange also believes BX, Inc.; Notice of Filing and PHLX LLC (‘‘Phlx’’).3 By-Law Article V, that this proposal furthers the objectives Immediate Effectiveness of Proposed Section 5.10 presently requires that an of Section 6(b)(5) of the Act,10 in Rule Change To Conform the officer of the Exchange 4 with the particular, in that it is designed to Exchange’s By-Law Provisions position of Executive Vice President or promote just and equitable principles of Regarding the Chief Regulatory Officer Senior Vice President be designated as trade, to remove impediments to and to Those of Its Affiliate, Nasdaq PHLX the CRO of the Exchange. The Exchange perfect the mechanism of a free and LLC now proposes to remove the open market and a national market September 19, 2018. requirement that the CRO be an system, and, in general to protect Pursuant to Section 19(b)(1) of the Executive Vice President or Senior Vice investors and the public interest. The Securities Exchange Act of 1934 President of the Exchange. The proposed changes will remove the (‘‘Act’’),1 and Rule 19b–4 thereunder,2 Exchange believes that this requirement requirement currently in Article V, notice is hereby given that on is unnecessary and notes that there may Section 5.10 of the Exchange’s By-Laws September 6, 2018, Nasdaq BX, Inc. be officers of the Exchange who are well that the CRO be an Executive Vice (‘‘BX’’ or ‘‘Exchange’’) filed with the qualified to serve in the CRO role, but President or Senior Vice President of the Securities and Exchange Commission who may not hold the position of an Exchange. As discussed above, the (‘‘SEC’’ or ‘‘Commission’’) the proposed Executive Vice President or Senior Vice current responsibilities of the CRO as rule change as described in Items I and President.5 The Exchange does not seek provided in Article V, Section 5.10 II below, which Items have been to amend any of the current remain unchanged under this proposal, prepared by the Exchange. The responsibilities of the CRO as set forth and the CRO will continue to have Commission is publishing this notice to in Section 5.10; 6 rather, the proposed general oversight of the regulatory solicit comments on the proposed rule changes are intended to give the operations of the Exchange and be change from interested persons. Exchange more flexibility to attract and obligated to meet regularly with the retain well qualified officers to the role Regulatory Oversight Committee. The I. Self-Regulatory Organization’s of CRO that are not designated as an proposed rule change is intended to Statement of the Terms of Substance of Executive Vice President or Senior Vice provide the Exchange with greater the Proposed Rule Change President of the Exchange. As noted flexibility to attract and retain capable The Exchange proposes to conform above, the Exchange desires to conform individuals who are well qualified to the Exchange’s By-Law provisions the requirements to become CRO in its serve in the CRO role. In addition, the regarding the Chief Regulatory Officer to By-Laws to those in the By-Laws of proposed amendments will have the those of its affiliate, Nasdaq PHLX LLC. Phlx, which do not contain a similar additional benefit of bringing the The text of the proposed rule change restriction in Article IV, Section 4–7 of Exchange’s requirements on the CRO is available on the Exchange’s website at its By-Laws that its CRO be an Executive role into greater conformity with those http://nasdaqbx.cchwallstreet.com/, at of its affiliate, Phlx, thereby creating the principal office of the Exchange, and 3 See Phlx By-Law Article IV, Section 4–7 (Chief equivalent standards among the at the Commission’s Public Reference Regulatory Officer). affiliated exchanges owned by Nasdaq, Room. 4 In Exhibit 5, the references to ‘‘Corporation’’ Inc. (‘‘HoldCo’’).11 As such, the mean the Exchange. II. Self-Regulatory Organization’s 5 The Exchange notes that Phlx’s CRO currently Exchange believes that its proposal will Statement of the Purpose of, and holds the position of Vice President. bring greater consistency to its rules, Statutory Basis for, the Proposed Rule 6 The CRO’s responsibilities include general which is beneficial to both investors and Change supervision of the regulatory operations of the the public interest. Exchange, including responsibility for overseeing In its filing with the Commission, the the Exchange’s surveillance, examination, and 7 See note 5 above. Exchange included statements enforcement functions and for administering any 8 15 regulatory services agreements with another SRO to U.S.C. 78f(b). concerning the purpose of and basis for daltland on DSKBBV9HB2PROD with NOTICES 9 15 U.S.C. 78f(b)(1). which the Exchange is a party. In addition, the CRO the proposed rule change and discussed shall meet with the Regulatory Oversight 10 15 U.S.C. 78f(b)(5). any comments it received on the Committee of the Exchange in executive session at 11 The Nasdaq Stock Market LLC (‘‘NSM’’), proposed rule change. The text of these regularly scheduled meetings of such committee, Nasdaq ISE, LLC (‘‘ISE’’), Nasdaq GEMX, LLC and at any time upon request of the CRO or any (‘‘GEMX’’), and Nasdaq MRX, LLC will file similar member of the Regulatory Oversight Committee. proposals to conform their By-Laws with Phlx’s By- 6 17 CFR 200.30–3(a)(31). Unlike Phlx, the Exchange’s By-Laws provide that Laws. ISE, GEMX, MRX, NSM, BX, and Phlx will 1 15 U.S.C. 78s(b)(1). the CRO may also serve as the General Counsel of hereinafter be referred to collectively as ‘‘Affiliated 2 17 CFR 240.19b–4. the Exchange. See By-Law Article V, Section 5.10. Exchanges.’’ VerDate Sep<11>2014 17:40 Sep 24, 2018 Jkt 244001 PO 00000 Frm 00067 Fmt 4703 Sfmt 4703 E:\FR\FM\25SEN1.SGM 25SEN1

48476 Federal Register / Vol. 83, No. 186 / Tuesday, September 25, 2018 / Notices B. Self-Regulatory Organization’s date to address, among other matters, proposed rule change between the Statement on Burden on Competition certain annual corporate ‘‘housekeeping Commission and any person, other than The Exchange does not believe that items,’’ which the Exchange states has those that may be withheld from the the proposed rule change will impose historically included Exchange officer public in accordance with the any burden on competition not appointments. As such, the Commission provisions of 5 U.S.C. 552, will be believes that waiver of the operative available for website viewing and necessary or appropriate in furtherance delay is consistent with the protection printing in the Commission’s Public of the purposes of the Act. The of investors and the public interest. Reference Room, 100 F Street NE, proposed rule change does not address Therefore, the Commission hereby Washington, DC 20549, on official competitive issues but relates to the waives the 30-day operative delay and business days between the hours of administration and functioning of the designates the proposed rule change as 10:00 a.m. and 3:00 p.m. Copies of the Exchange by allowing the Exchange operative upon filing.16 filing also will be available for greater flexibility in attracting and At any time within 60 days of the retaining well qualified officers to the filing of the proposed rule change, the inspection and copying at the principal role of CRO that are not designated as Commission summarily may office of the Exchange. All comments an Executive Vice President or Senior temporarily suspend such rule change if received will be posted without change. Vice President. it appears to the Commission that such Persons submitting comments are C. Self-Regulatory Organization’s action is: (i) Necessary or appropriate in cautioned that we do not redact or edit Statement on Comments on the the public interest; (ii) for the protection personal identifying information from Proposed Rule Change Received From of investors; or (iii) otherwise in comment submissions. You should Members, Participants, or Others furtherance of the purposes of the Act. submit only information that you wish If the Commission takes such action, the to make available publicly. All No written comments were either Commission shall institute proceedings submissions should refer to File solicited or received. to determine whether the proposed rule Number SR–BX–2018–044 and should III. Date of Effectiveness of the should be approved or disapproved. be submitted on or before October 16, Proposed Rule Change and Timing for 2018. IV. Solicitation of Comments Commission Action For the Commission, by the Division of Interested persons are invited to Because the foregoing proposed rule submit written data, views, and Trading and Markets, pursuant to delegated change does not: (i) Significantly affect authority.17 arguments concerning the foregoing, the protection of investors or the public including whether the proposed rule Brent J. Fields, interest; (ii) impose any significant change is consistent with the Act. Secretary. burden on competition; and (iii) become Comments may be submitted by any of [FR Doc. 2018–20762 Filed 9–24–18; 8:45 am] operative for 30 days from the date on the following methods: BILLING CODE 8011–01–P which it was filed, or such shorter time as the Commission may designate, it has Electronic Comments become effective pursuant to Section • Use the Commission’s internet SECURITIES AND EXCHANGE 19(b)(3)(A)(iii) of the Act 12 and comment form (http://www.sec.gov/ COMMISSION subparagraph (f)(6) of Rule 19b–4 rules/sro.shtml); or thereunder.13 • Send an email to rule-comments@ A proposed rule change filed under sec.gov. Please include File Number SR– [Release No. 34–84200; File No. SR– Rule 19b–4(f)(6) 14 normally does not BX–2018–044 on the subject line. NASDAQ–2018–076] become operative prior to 30 days after Paper Comments Self-Regulatory Organizations; The the date of the filing. However, Rule 19b–4(f)(6)(iii) 15 permits the • Send paper comments in triplicate Nasdaq Stock Market LLC; Notice of Commission to designate a shorter time to Secretary, Securities and Exchange Filing and Immediate Effectiveness of if such action is consistent with the Commission, 100 F Street NE, Proposed Rule Change To Amend protection of investors and the public Washington, DC 20549–1090. Fees at Rule 7014 interest. The Exchange has asked the All submissions should refer to File September 19, 2018. Commission to waive the 30-day Number SR–BX–2018–044. This file operative delay so that the proposed number should be included on the Pursuant to Section 19(b)(1) of the rule change may become operative subject line if email is used. To help the Securities Exchange Act of 1934 immediately upon filing. The Exchange Commission process and review your (‘‘Act’’) 1, and Rule 19b–4 thereunder,2 notes that waiver of the operative delay comments more efficiently, please use notice is hereby given that on will allow it to amend its By-Laws by only one method. The Commission will September 13, 2018, The Nasdaq Stock September 26, 2018. The Exchange post all comments on the Commission’s Market LLC (‘‘Nasdaq’’ or ‘‘Exchange’’) states that the boards of the Affiliated internet website (http://www.sec.gov/ filed with the Securities and Exchange Exchanges will collectively meet on that rules/sro.shtml). Copies of the Commission (‘‘SEC’’ or ‘‘Commission’’) submission, all subsequent the proposed rule change as described 12 15 U.S.C. 78s(b)(3)(A)(iii). amendments, all written statements in Items I, II, and III, below, which Items 13 17 CFR 240.19b–4(f)(6). In addition, Rule 19b– with respect to the proposed rule have been prepared by the Exchange. 4(f)(6)(iii) requires a self-regulatory organization to change that are filed with the The Commission is publishing this daltland on DSKBBV9HB2PROD with NOTICES give the Commission written notice of its intent to file the proposed rule change, along with a brief Commission, and all written notice to solicit comments on the description and text of the proposed rule change, communications relating to the proposed rule change from interested at least five business days prior to the date of filing persons. of the proposed rule change, or such shorter time 16 For purposes only of waiving the 30-day as designated by the Commission. The Exchange operative delay, the Commission has also has satisfied this requirement. considered the proposed rule’s impact on 17 17 CFR 200.30–3(a)(12). 14 17 CFR 240.19b–4(f)(6). 1 15 U.S.C. 78s(b)(1). efficiency, competition, and capital formation. See 15 17 CFR 240.19b–4(f)(6)(iii). 15 U.S.C. 78c(f). 2 17 CFR 240.19b–4. VerDate Sep<11>2014 17:40 Sep 24, 2018 Jkt 244001 PO 00000 Frm 00068 Fmt 4703 Sfmt 4703 E:\FR\FM\25SEN1.SGM 25SEN1


Document Created: 2018-09-25 00:22:17
Document Modified: 2018-09-25 00:22:17
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
FR Citation83 FR 48475 
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