83_FR_48667 83 FR 48481 - Self-Regulatory Organizations; Nasdaq MRX, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Conform By-Law's CRO Provisions To Those of an Affiliate Exchange

83 FR 48481 - Self-Regulatory Organizations; Nasdaq MRX, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Conform By-Law's CRO Provisions To Those of an Affiliate Exchange

SECURITIES AND EXCHANGE COMMISSION

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

Page Range48481-48482
FR Document2018-20760

Federal Register, Volume 83 Issue 186 (Tuesday, September 25, 2018) 
[Federal Register Volume 83, Number 186 (Tuesday, September 25, 2018)]
[Notices]
[Pages 48481-48482]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-20760]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-84204; File No. SR-MRX-2018-29]


Self-Regulatory Organizations; Nasdaq MRX, LLC; Notice of Filing 
and Immediate Effectiveness of Proposed Rule Change To Conform By-Law's 
CRO Provisions To Those of an Affiliate Exchange

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 MRX, LLC (``MRX'' 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 (``Phlx'').
    The text of the proposed rule change is available on the Exchange's 
website at http://nasdaqmrx.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 IV, Section 7 
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 IV, Section 7 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 7; \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 ``Company'' 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 IV, Section 7.
    \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 IV, Section 7 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 IV, Section 7 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

[[Page 48482]]

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 BX, Inc. 
(``BX''), Nasdaq ISE, LLC (``ISE''), and Nasdaq GEMX, LLC (``GEMX'') 
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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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 [email protected]. Please include 
File Number SR-MRX-2018-29 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-MRX-2018-29. 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 a.m. and 3 
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-MRX-2018-29 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\
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018-20760 Filed 9-24-18; 8:45 am]
 BILLING CODE 8011-01-P

Federal Register / Vol. 83, No. 186 / Tuesday, September 25, 2018 / Notices 48481 Washington, DC 20549, on official the principal office of the Exchange, and changes are intended to give the business days between the hours of at the Commission’s Public Reference Exchange more flexibility to attract and 10:00 a.m. and 3:00 p.m. Copies of the Room. retain well qualified officers to the role filing also will be available for of CRO that are not designated as an II. Self-Regulatory Organization’s inspection and copying at the principal Executive Vice President or Senior Vice Statement of the Purpose of, and office of the Exchange. All comments President of the Exchange. As noted received will be posted without change. Statutory Basis for, the Proposed Rule above, the Exchange desires to conform Persons submitting comments are Change the requirements to become CRO in its cautioned that we do not redact or edit In its filing with the Commission, the By-Laws to those in the By-Laws of personal identifying information from Exchange included statements Phlx, which do not contain a similar comment submissions. You should concerning the purpose of and basis for restriction in Article IV, Section 4–7 of submit only information that you wish the proposed rule change and discussed its By-Laws that its CRO be an Executive to make available publicly. All any comments it received on the Vice President or Senior Vice President submissions should refer to File proposed rule change. The text of these of Phlx.7 Number SR–ISE–2018–79 and should be statements may be examined at the submitted on or before October 16, 2. Statutory Basis places specified in Item IV below. The 2018. Exchange has prepared summaries, set The Exchange believes that its For the Commission, by the Division of forth in sections A, B, and C below, of proposal is consistent with Section 6(b) Trading and Markets, pursuant to delegated the most significant aspects of such of the Act,8 in general, and furthers the authority.17 statements. objectives of Section 6(b)(1) of the Act,9 Eduardo A. Aleman, in particular, in that it enables the A. Self-Regulatory Organization’s Exchange to be so organized so as to Assistant Secretary. Statement of the Purpose of, and have the capacity to be able to carry out [FR Doc. 2018–20759 Filed 9–24–18; 8:45 am] Statutory Basis for, the Proposed Rule the purposes of the Act and to comply, BILLING CODE 8011–01–P Change and to enforce compliance by its 1. Purpose members and persons associated with SECURITIES AND EXCHANGE its members, with the provisions of the COMMISSION The Exchange proposes to amend its Act, the rules and regulations By-Laws at Article IV, Section 7 to thereunder, and the rules of the [Release No. 34–84204; File No. SR–MRX– conform its provisions regarding the Exchange. The Exchange also believes 2018–29] Exchange’s Chief Regulatory Officer that this proposal furthers the objectives (‘‘CRO’’) to those of its affiliate, Nasdaq of Section 6(b)(5) of the Act,10 in Self-Regulatory Organizations; Nasdaq PHLX LLC (‘‘Phlx’’).3 By-Law Article IV, particular, in that it is designed to MRX, LLC; Notice of Filing and Section 7 presently requires that an promote just and equitable principles of Immediate Effectiveness of Proposed officer of the Exchange 4 with the trade, to remove impediments to and Rule Change To Conform By-Law’s position of Executive Vice President or perfect the mechanism of a free and CRO Provisions To Those of an Senior Vice President be designated as open market and a national market Affiliate Exchange the CRO of the Exchange. The Exchange system, and, in general to protect September 19, 2018. now proposes to remove the investors and the public interest. The Pursuant to Section 19(b)(1) of the requirement that the CRO be an proposed changes will remove the Securities Exchange Act of 1934 Executive Vice President or Senior Vice requirement currently in Article IV, (‘‘Act’’),1 and Rule 19b–4 thereunder,2 President of the Exchange. The Section 7 of the Exchange’s By-Laws notice is hereby given that on Exchange believes that this requirement that the CRO be an Executive Vice September 6, 2018, Nasdaq MRX, LLC is unnecessary and notes that there may President or Senior Vice President of the (‘‘MRX’’ or ‘‘Exchange’’) filed with the be officers of the Exchange who are well Exchange. As discussed above, the Securities and Exchange Commission qualified to serve in the CRO role, but current responsibilities of the CRO as (‘‘SEC’’ or ‘‘Commission’’) the proposed who may not hold the position of an provided in Article IV, Section 7 remain rule change as described in Items I and Executive Vice President or Senior Vice unchanged under this proposal, and the II below, which Items have been President.5 The Exchange does not seek CRO will continue to have general prepared by the Exchange. The to amend any of the current oversight of the regulatory operations of Commission is publishing this notice to responsibilities of the CRO as set forth the Exchange and be obligated to meet solicit comments on the proposed rule in Section 7; 6 rather, the proposed regularly with the Regulatory Oversight change from interested persons. Committee. The proposed rule change is 3 See Phlx By-Law Article IV, Section 4–7 (Chief I. Self-Regulatory Organization’s Regulatory Officer). intended to provide the Exchange with Statement of the Terms of Substance of 4 In Exhibit 5, the references to ‘‘Company’’ mean greater flexibility to attract and retain the Proposed Rule Change the Exchange. capable individuals who are well 5 The Exchange notes that Phlx’s CRO currently qualified to serve in the CRO role. In The Exchange proposes to conform holds the position of Vice President. addition, the proposed amendments the Exchange’s By-Law provisions 6 The CRO’s responsibilities include general will have the additional benefit of regarding the Chief Regulatory Officer to supervision of the regulatory operations of the bringing the Exchange’s requirements those of its affiliate, Nasdaq PHLX LLC Exchange, including responsibility for overseeing the Exchange’s surveillance, examination, and on the CRO role into greater conformity (‘‘Phlx’’). daltland on DSKBBV9HB2PROD with NOTICES enforcement functions and for administering any with those of its affiliate, Phlx, thereby The text of the proposed rule change regulatory services agreements with another SRO to is available on the Exchange’s website at which the Exchange is a party. In addition, the CRO the CRO may also serve as the General Counsel of http://nasdaqmrx.cchwallstreet.com/, at shall meet with the Regulatory Oversight the Exchange. See By-Law Article IV, Section 7. Committee of the Exchange in executive session at 7 See note 5 above. regularly scheduled meetings of such committee, 17 17 CFR 200.30–3(a)(12). 8 15 U.S.C. 78f(b). and at any time upon request of the CRO or any 1 15 U.S.C. 78s(b)(1). 9 15 U.S.C. 78f(b)(1). member of the Regulatory Oversight Committee. 2 17 CFR 240.19b–4. Unlike Phlx, the Exchange’s By-Laws provide that 10 15 U.S.C. 78f(b)(5). VerDate Sep<11>2014 17:40 Sep 24, 2018 Jkt 244001 PO 00000 Frm 00073 Fmt 4703 Sfmt 4703 E:\FR\FM\25SEN1.SGM 25SEN1

48482 Federal Register / Vol. 83, No. 186 / Tuesday, September 25, 2018 / Notices creating equivalent standards among the Commission to designate a shorter time subject line if email is used. To help the affiliated exchanges owned by Nasdaq, if such action is consistent with the Commission process and review your Inc. (‘‘HoldCo’’).11 As such, the protection of investors and the public comments more efficiently, please use Exchange believes that its proposal will interest. The Exchange has asked the only one method. The Commission will bring greater consistency to its rules, Commission to waive the 30-day post all comments on the Commission’s which is beneficial to both investors and operative delay so that the proposed internet website (http://www.sec.gov/ the public interest. rule change may become operative rules/sro.shtml). Copies of the immediately upon filing. The Exchange submission, all subsequent B. Self-Regulatory Organization’s notes that waiver of the operative delay amendments, all written statements Statement on Burden on Competition will allow it to amend its By-Laws by with respect to the proposed rule The Exchange does not believe that September 26, 2018. The Exchange change that are filed with the the proposed rule change will impose states that the boards of the Affiliated Commission, and all written any burden on competition not Exchanges will collectively meet on that communications relating to the necessary or appropriate in furtherance date to address, among other matters, proposed rule change between the of the purposes of the Act. The certain annual corporate ‘‘housekeeping Commission and any person, other than proposed rule change does not address items,’’ which the Exchange states has those that may be withheld from the competitive issues but relates to the historically included Exchange officer public in accordance with the administration and functioning of the appointments. As such, the Commission provisions of 5 U.S.C. 552, will be Exchange by allowing the Exchange believes that waiver of the operative available for website viewing and greater flexibility in attracting and delay is consistent with the protection printing in the Commission’s Public retaining well qualified officers to the of investors and the public interest. Reference Room, 100 F Street NE, role of CRO that are not designated as Therefore, the Commission hereby Washington, DC 20549, on official an Executive Vice President or Senior waives the 30-day operative delay and business days between the hours of 10 Vice President. designates the proposed rule change as a.m. and 3 p.m. Copies of the filing also operative upon filing.16 will be available for inspection and C. Self-Regulatory Organization’s At any time within 60 days of the Statement on Comments on the copying at the principal office of the filing of the proposed rule change, the Exchange. All comments received will Proposed Rule Change Received From Commission summarily may Members, Participants, or Others be posted without change. Persons temporarily suspend such rule change if submitting comments are cautioned that No written comments were either it appears to the Commission that such we do not redact or edit personal solicited or received. action is: (i) Necessary or appropriate in identifying information from comment the public interest; (ii) for the protection submissions. You should submit only III. Date of Effectiveness of the of investors; or (iii) otherwise in Proposed Rule Change and Timing for information that you wish to make furtherance of the purposes of the Act. available publicly. All submissions Commission Action If the Commission takes such action, the should refer to File Number SR–MRX– Because the foregoing proposed rule Commission shall institute proceedings 2018–29 and should be submitted on or change does not: (i) Significantly affect to determine whether the proposed rule before October 16, 2018. the protection of investors or the public should be approved or disapproved. interest; (ii) impose any significant For the Commission, by the Division of burden on competition; and (iii) become IV. Solicitation of Comments Trading and Markets, pursuant to delegated Interested persons are invited to authority.17 operative for 30 days from the date on which it was filed, or such shorter time submit written data, views, and Eduardo A. Aleman, as the Commission may designate, it has arguments concerning the foregoing, Assistant Secretary. become effective pursuant to Section including whether the proposed rule [FR Doc. 2018–20760 Filed 9–24–18; 8:45 am] 19(b)(3)(A)(iii) of the Act 12 and change is consistent with the Act. BILLING CODE 8011–01–P subparagraph (f)(6) of Rule 19b–4 Comments may be submitted by any of thereunder.13 the following methods: A proposed rule change filed under SECURITIES AND EXCHANGE Electronic Comments COMMISSION Rule 19b–4(f)(6) 14 normally does not become operative prior to 30 days after • Use the Commission’s internet the date of the filing. However, Rule comment form (http://www.sec.gov/ Sunshine Act Meetings 19b–4(f)(6)(iii) 15 permits the rules/sro.shtml); or • Send an email to rule-comments@ TIME AND DATE: 2:00 p.m. on Thursday, 11 The Nasdaq Stock Market LLC (‘‘NSM’’), sec.gov. Please include File Number SR– September 27, 2018. Nasdaq BX, Inc. (‘‘BX’’), Nasdaq ISE, LLC (‘‘ISE’’), MRX–2018–29 on the subject line. PLACE: Closed Commission Hearing and Nasdaq GEMX, LLC (‘‘GEMX’’) will file similar Room 10800. proposals to conform their By-Laws with Phlx’s By- Paper Comments STATUS: This meeting will be closed to Laws. ISE, GEMX, MRX, NSM, BX, and Phlx will • Send paper comments in triplicate the public. hereinafter be referred to collectively as ‘‘Affiliated Exchanges.’’ to Secretary, Securities and Exchange MATTERS TO BE CONSIDERED: 12 15 U.S.C. 78s(b)(3)(A)(iii). Commission, 100 F Street NE, Commissioners, Counsel to the 13 17 CFR 240.19b–4(f)(6). In addition, Rule 19b– Washington, DC 20549–1090. Commissioners, the Secretary to the 4(f)(6)(iii) requires a self-regulatory organization to All submissions should refer to File Commission, and recording secretaries daltland on DSKBBV9HB2PROD with NOTICES give the Commission written notice of its intent to file the proposed rule change, along with a brief Number SR–MRX–2018–29. This file will attend the closed meeting. Certain description and text of the proposed rule change, number should be included on the staff members who have an interest in at least five business days prior to the date of filing the matters also may be present. 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 The General Counsel of the operative delay, the Commission has also has satisfied this requirement. considered the proposed rule’s impact on Commission, or his designee, has 14 17 CFR 240.19b–4(f)(6). efficiency, competition, and capital formation. See 15 17 CFR 240.19b–4(f)(6)(iii). 15 U.S.C. 78c(f). 17 17 CFR 200.30–3(a)(12). VerDate Sep<11>2014 17:40 Sep 24, 2018 Jkt 244001 PO 00000 Frm 00074 Fmt 4703 Sfmt 4703 E:\FR\FM\25SEN1.SGM 25SEN1


Document Created: 2018-09-25 00:22:31
Document Modified: 2018-09-25 00:22:31
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 48481 
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