83_FR_48677 83 FR 48491 - Self-Regulatory Organizations; Nasdaq GEMX, 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 48491 - Self-Regulatory Organizations; Nasdaq GEMX, 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 Range48491-48492
FR Document2018-20758

Federal Register, Volume 83 Issue 186 (Tuesday, September 25, 2018) 
[Federal Register Volume 83, Number 186 (Tuesday, September 25, 2018)]
[Notices]
[Pages 48491-48492]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-20758]



[[Page 48491]]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-84202; File No. SR-GEMX-2018-31]


Self-Regulatory Organizations; Nasdaq GEMX, 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 GEMX, LLC (``GEMX'' 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://nasdaqgemx.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 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 MRX, LLC (``MRX'') 
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

[[Page 48492]]

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-GEMX-2018-31 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-GEMX-2018-31. 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-GEMX-2018-31 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. 2018-20758 Filed 9-24-18; 8:45 am]
 BILLING CODE 8011-01-P

Federal Register / Vol. 83, No. 186 / Tuesday, September 25, 2018 / Notices 48491 SECURITIES AND EXCHANGE A. Self-Regulatory Organization’s of the Act,8 in general, and furthers the COMMISSION Statement of the Purpose of, and objectives of Section 6(b)(1) of the Act,9 Statutory Basis for, the Proposed Rule in particular, in that it enables the [Release No. 34–84202; File No. SR–GEMX– Change Exchange to be so organized so as to 2018–31] have the capacity to be able to carry out 1. Purpose the purposes of the Act and to comply, Self-Regulatory Organizations; Nasdaq The Exchange proposes to amend its and to enforce compliance by its GEMX, LLC; Notice of Filing and By-Laws at Article IV, Section 7 to members and persons associated with Immediate Effectiveness of Proposed conform its provisions regarding the its members, with the provisions of the Rule Change To Conform By-Law’s Exchange’s Chief Regulatory Officer Act, the rules and regulations (‘‘CRO’’) to those of its affiliate, Nasdaq thereunder, and the rules of the CRO Provisions to Those of an Affiliate PHLX LLC (‘‘Phlx’’).3 By-Law Article IV, Exchange. The Exchange also believes Exchange Section 7 presently requires that an that this proposal furthers the objectives September 19, 2018. officer of the Exchange 4 with the of Section 6(b)(5) of the Act,10 in position of Executive Vice President or particular, in that it is designed to Pursuant to Section 19(b)(1) of the Senior Vice President be designated as promote just and equitable principles of Securities Exchange Act of 1934 the CRO of the Exchange. The Exchange trade, to remove impediments to and (‘‘Act’’),1 and Rule 19b–4 thereunder,2 now proposes to remove the perfect the mechanism of a free and notice is hereby given that on requirement that the CRO be an open market and a national market September 6, 2018, Nasdaq GEMX, LLC Executive Vice President or Senior Vice system, and, in general to protect (‘‘GEMX’’ or ‘‘Exchange’’) filed with the President of the Exchange. The investors and the public interest. The Securities and Exchange Commission Exchange believes that this requirement proposed changes will remove the (‘‘SEC’’ or ‘‘Commission’’) the proposed is unnecessary and notes that there may requirement currently in Article IV, rule change as described in Items I and be officers of the Exchange who are well Section 7 of the Exchange’s By-Laws II below, which Items have been qualified to serve in the CRO role, but that the CRO be an Executive Vice prepared by the Exchange. The who may not hold the position of an President or Senior Vice President of the Commission is publishing this notice to Executive Vice President or Senior Vice Exchange. As discussed above, the solicit comments on the proposed rule President.5 The Exchange does not seek current responsibilities of the CRO as change from interested persons. to amend any of the current provided in Article IV, Section 7 remain responsibilities of the CRO as set forth unchanged under this proposal, and the I. Self-Regulatory Organization’s in Section 7; 6 rather, the proposed CRO will continue to have general Statement of the Terms of Substance of changes are intended to give the oversight of the regulatory operations of the Proposed Rule Change Exchange more flexibility to attract and the Exchange and be obligated to meet retain well qualified officers to the role regularly with the Regulatory Oversight The Exchange proposes to conform of CRO that are not designated as an Committee. The proposed rule change is the Exchange’s By-Law provisions Executive Vice President or Senior Vice intended to provide the Exchange with regarding the Chief Regulatory Officer to President of the Exchange. As noted greater flexibility to attract and retain those of its affiliate, Nasdaq PHLX LLC above, the Exchange desires to conform capable individuals who are well (‘‘Phlx’’). the requirements to become CRO in its qualified to serve in the CRO role. In The text of the proposed rule change By-Laws to those in the By-Laws of addition, the proposed amendments is available on the Exchange’s website at Phlx, which do not contain a similar will have the additional benefit of http://nasdaqgemx.cchwallstreet.com/, restriction in Article IV, Section 4–7 of bringing the Exchange’s requirements at the principal office of the Exchange, its By-Laws that its CRO be an Executive on the CRO role into greater conformity and at the Commission’s Public Vice President or Senior Vice President with those of its affiliate, Phlx, thereby Reference Room. of Phlx.7 creating equivalent standards among the affiliated exchanges owned by Nasdaq, II. Self-Regulatory Organization’s 2. Statutory Basis Inc. (‘‘HoldCo’’).11 As such, the Statement of the Purpose of, and The Exchange believes that its Exchange believes that its proposal will Statutory Basis for, the Proposed Rule proposal is consistent with Section 6(b) bring greater consistency to its rules, Change which is beneficial to both investors and 3 See Phlx By-Law Article IV, Section 4–7 (Chief the public interest. In its filing with the Commission, the Regulatory Officer). Exchange included statements 4 In Exhibit 5, the references to ‘‘Company’’ mean B. Self-Regulatory Organization’s concerning the purpose of and basis for the Exchange. Statement on Burden on Competition 5 The Exchange notes that Phlx’s CRO currently the proposed rule change and discussed The Exchange does not believe that holds the position of Vice President. any comments it received on the 6 The CRO’s responsibilities include general the proposed rule change will impose proposed rule change. The text of these supervision of the regulatory operations of the any burden on competition not statements may be examined at the Exchange, including responsibility for overseeing necessary or appropriate in furtherance places specified in Item IV below. The the Exchange’s surveillance, examination, and of the purposes of the Act. The enforcement functions and for administering any Exchange has prepared summaries, set regulatory services agreements with another SRO to 8 15 U.S.C. 78f(b). forth in sections A, B, and C below, of which the Exchange is a party. In addition, the CRO daltland on DSKBBV9HB2PROD with NOTICES 9 15 U.S.C. 78f(b)(1). the most significant aspects of such shall meet with the Regulatory Oversight Committee of the Exchange in executive session at 10 15 U.S.C. 78f(b)(5). statements. regularly scheduled meetings of such committee, 11 The Nasdaq Stock Market LLC (‘‘NSM’’), and at any time upon request of the CRO or any Nasdaq BX, Inc. (‘‘BX’’), Nasdaq ISE, LLC (‘‘ISE’’), member of the Regulatory Oversight Committee. and Nasdaq MRX, LLC (‘‘MRX’’) will file similar Unlike Phlx, the Exchange’s By-Laws provide that proposals to conform their By-Laws with Phlx’s By- the CRO may also serve as the General Counsel of Laws. ISE, GEMX, MRX, NSM, BX, and Phlx will 1 15 U.S.C. 78s(b)(1). the Exchange. See By-Law Article IV, Section 7. hereinafter be referred to collectively as ‘‘Affiliated 2 17 CFR 240.19b–4. 7 See note 5 above. Exchanges.’’ VerDate Sep<11>2014 17:40 Sep 24, 2018 Jkt 244001 PO 00000 Frm 00083 Fmt 4703 Sfmt 4703 E:\FR\FM\25SEN1.SGM 25SEN1

48492 Federal Register / Vol. 83, No. 186 / Tuesday, September 25, 2018 / Notices 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 inspection and copying at the principal retaining well qualified officers to the filing of the proposed rule change, the office of the Exchange. All comments role of CRO that are not designated as Commission summarily may received will be posted without change. an Executive Vice President or Senior temporarily suspend such rule change if Persons submitting comments are Vice President. it appears to the Commission that such cautioned that we do not redact or edit action is: (i) Necessary or appropriate in personal identifying information from C. Self-Regulatory Organization’s the public interest; (ii) for the protection comment submissions. You should Statement on Comments on the of investors; or (iii) otherwise in submit only information that you wish Proposed Rule Change Received From furtherance of the purposes of the Act. to make available publicly. All Members, Participants, or Others If the Commission takes such action, the submissions should refer to File No written comments were either Commission shall institute proceedings Number SR–GEMX–2018–31 and solicited or received. to determine whether the proposed rule should be submitted on or before III. Date of Effectiveness of the should be approved or disapproved. October 16, 2018. Proposed Rule Change and Timing for IV. Solicitation of Comments For the Commission, by the Division of Commission Action Trading and Markets, pursuant to delegated Interested persons are invited to authority.17 Because the foregoing proposed rule submit written data, views, and Eduardo A. Aleman, change does not: (i) Significantly affect arguments concerning the foregoing, the protection of investors or the public Assistant Secretary. including whether the proposed rule interest; (ii) impose any significant [FR Doc. 2018–20758 Filed 9–24–18; 8:45 am] change is consistent with the Act. burden on competition; and (iii) become Comments may be submitted by any of BILLING CODE 8011–01–P operative for 30 days from the date on the following methods: which it was filed, or such shorter time as the Commission may designate, it has Electronic Comments SECURITIES AND EXCHANGE become effective pursuant to Section • Use the Commission’s internet COMMISSION 19(b)(3)(A)(iii) of the Act 12 and comment form (http://www.sec.gov/ [Release No. 34–84209; File No. SR– subparagraph (f)(6) of Rule 19b–4 rules/sro.shtml); or NASDAQ–2018–073] thereunder.13 • Send an email to rule-comments@ A proposed rule change filed under sec.gov. Please include File Number SR– Self-Regulatory Organizations; The Rule 19b–4(f)(6) 14 normally does not GEMX–2018–31 on the subject line. Nasdaq Stock Market LLC; Notice of become operative prior to 30 days after Filing and Immediate Effectiveness of Paper Comments the date of the filing. However, Rule Proposed Rule Change To Amend Rule 19b–4(f)(6)(iii) 15 permits the • Send paper comments in triplicate 7021 Commission to designate a shorter time to Secretary, Securities and Exchange Commission, 100 F Street NE, September 19, 2018. if such action is consistent with the Washington, DC 20549–1090. Pursuant to Section 19(b)(1) of the protection of investors and the public All submissions should refer to File Securities Exchange Act of 1934 interest. The Exchange has asked the Number SR–GEMX–2018–31. This file (‘‘Act’’),1 and Rule 19b–4 thereunder,2 Commission to waive the 30-day operative delay so that the proposed number should be included on the notice is hereby given that on rule change may become operative subject line if email is used. To help the September 6, 2018, The Nasdaq Stock immediately upon filing. The Exchange Commission process and review your Market LLC (‘‘Nasdaq’’ or ‘‘Exchange’’) notes that waiver of the operative delay comments more efficiently, please use filed with the Securities and Exchange will allow it to amend its By-Laws by only one method. The Commission will Commission (‘‘Commission’’) the September 26, 2018. The Exchange post all comments on the Commission’s proposed rule change as described in states that the boards of the Affiliated internet website (http://www.sec.gov/ Items I and II below, which Items have Exchanges will collectively meet on that rules/sro.shtml). Copies of the been prepared by the Exchange. The date to address, among other matters, submission, all subsequent Commission is publishing this notice to certain annual corporate ‘‘housekeeping amendments, all written statements solicit comments on the proposed rule items,’’ which the Exchange states has with respect to the proposed rule change from interested persons. historically included Exchange officer change that are filed with the I. Self-Regulatory Organization’s appointments. As such, the Commission Commission, and all written Statement of the Terms of Substance of believes that waiver of the operative communications relating to the the Proposed Rule Change delay is consistent with the protection proposed rule change between the The Exchange proposes to amend of investors and the public interest. Commission and any person, other than Rule 7021 to address the transition of those that may be withheld from the reports available on Report Center to a 12 15 U.S.C. 78s(b)(3)(A)(iii). public in accordance with the new underlying platform, and to make 13 17 CFR 240.19b–4(f)(6). In addition, Rule 19b– provisions of 5 U.S.C. 552, will be 4(f)(6)(iii) requires a self-regulatory organization to technical and clarifying changes. available for website viewing and The text of the proposed rule change daltland on DSKBBV9HB2PROD with NOTICES give the Commission written notice of its intent to file the proposed rule change, along with a brief printing in the Commission’s Public is available on the Exchange’s website at description and text of the proposed rule change, Reference Room, 100 F Street NE, http://nasdaq.cchwallstreet.com, at the at least five business days prior to the date of filing of the proposed rule change, or such shorter time 16 For purposes only of waiving the 30-day principal office of the Exchange, and at 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 00084 Fmt 4703 Sfmt 4703 E:\FR\FM\25SEN1.SGM 25SEN1


Document Created: 2018-09-25 00:22:32
Document Modified: 2018-09-25 00:22:32
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 48491 
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