83_FR_4970 83 FR 4947 - Self-Regulatory Organizations; Nasdaq ISE, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Relocate the Consolidated Audit Trail Compliance Rules

83 FR 4947 - Self-Regulatory Organizations; Nasdaq ISE, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Relocate the Consolidated Audit Trail Compliance Rules

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 83, Issue 23 (February 2, 2018)

Page Range4947-4948
FR Document2018-02127

Federal Register, Volume 83 Issue 23 (Friday, February 2, 2018)
[Federal Register Volume 83, Number 23 (Friday, February 2, 2018)]
[Notices]
[Pages 4947-4948]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-02127]


-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-82599; File No. SR-ISE-2018-09]


Self-Regulatory Organizations; Nasdaq ISE, LLC; Notice of Filing 
and Immediate Effectiveness of Proposed Rule Change To Relocate the 
Consolidated Audit Trail Compliance Rules

January 30, 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 January 24, 2018, Nasdaq ISE, LLC (``ISE'' or ``Exchange'') 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 proposes to relocate the Consolidated Audit Trail 
Compliance rules (``CAT Rules''), currently under Chapter 9, Rules 900 
through 912, to General 7, Sections 1 through 13 in the Exchange's 
rulebook's (``Rulebook'') shell structure.\3\
---------------------------------------------------------------------------

    \3\ Recently, the Exchange added a shell structure to its 
Rulebook with the purpose of improving efficiency and readability 
and to align its rules closer to those of its five sister exchanges, 
The Nasdaq Stock Market LLC; Nasdaq BX, Inc.; Nasdaq PHLX LLC; 
Nasdaq GEMX, LLC; and Nasdaq MRX, LLC (``Affiliated Exchanges''). 
See Securities Exchange Act Release No. 82173 (November 29, 2017), 
82 FR 57505 (December 5, 2017) (SR-ISE-2017-102).
---------------------------------------------------------------------------

    The text of the proposed rule change is available on the Exchange's 
website at http://ise.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 relocate the CAT Rules, currently under 
Chapter 9, Rules 900 through 912, to General 7, Sections 1 through 13 
of the Rulebook's shell structure.
    The Exchange adopted the CAT Rules to implement a consolidated 
audit trail in order to capture customer and order event information to 
comply with the provisions of the National Market System Plan Governing 
the Consolidated Audit Trail.\4\ Because the CAT Rules apply across all 
markets and to all products,\5\ the Exchange believes it is pertinent 
that they be located in the General section of the Rulebook's shell; 
therefore, the Exchange will amend the shell structure, creating a new 
``General 7 Consolidated Audit Trail Compliance'' title under ``General 
Rules,'' and make conforming changes to the ``Options Rules'' titles; 
moreover, this proposal is consistent with similar filings concurrently 
submitted by the Affiliated Exchanges.
---------------------------------------------------------------------------

    \4\ See Securities Exchange Act Release No. 80256 (March 15, 
2017), 82 FR 14526 (March 21, 2017) (SR-ISE-2017-08) (Order 
Approving Proposed Rule Changes To Adopt Consolidated Audit Trail 
Compliance Rules).
     The Exchange also notes that, at the time of the approval of 
the CAT Rules, the Exchange was known as ``International Securities 
Exchange, LLC.'' To reflect the Exchange's placement within its 
parent company's corporate structure, Nasdaq, Inc., the Exchange 
name was changed to ``Nasdaq ISE, LLC.'' See Securities Exchange Act 
Release No. 80325 (March 29, 2017), 82 FR 16445 (April 4, 2017) (SR-
ISE-2017-25).
    \5\ Id.
---------------------------------------------------------------------------

    The relocation of the CAT Rules is part of the Exchange's continued 
effort to promote efficiency and conformity of its processes with those 
of its Affiliated Exchanges.\6\ The Exchange believes that the 
migration of the CAT Rules to their new location will facilitate the 
use of the Rulebook by Members \7\ of the Exchange who are members of 
other Affiliated Exchanges. Moreover, the proposed changes are of a 
non-substantive nature and will not amend the relocated rules other 
than to update their numbers, make cross-reference changes, and make 
changes to harmonize the proposed rule with the

[[Page 4948]]

text of filings simultaneously submitted by the Affiliated 
Exchanges.\8\
---------------------------------------------------------------------------

    \6\ See footnote 3.
    \7\ Exchange Rule 100(a)(26).
    \8\ Specifically, the Exchange will remove the word ``Rule'' 
from General 7's title which will now read ``Consolidated Audit 
Trail Compliance.''
    Moreover, the Exchange will update the description provided 
under General 7, Section 12(a), ``General,'' to exactly match the 
contents of similar sections in the Nasdaq, BX, and Phlx rulebooks. 
This change will not alter Section 12(a) since (i) the description 
under this subsection is essentially the same to that of the 
aforementioned Affiliated Exchanges and (ii) the removal of the 
phrase ``upon approval by the Commission'' is unnecessary at this 
point since the CAT Rules are already effective.
---------------------------------------------------------------------------

2. Statutory Basis
    The Exchange believes that its proposal is consistent with Section 
6(b) of the Act,\9\ in general, and 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, by promoting efficiency and conformity of the Exchange's 
processes with those of the Affiliated Exchanges and to make the 
Exchange's Rulebook easier to read and more accessible to its Members. 
The Exchange believes that the relocation of the CAT Rules and cross-
reference updates are of a non-substantive nature.
---------------------------------------------------------------------------

    \9\ 15 U.S.C. 78f(b).
    \10\ 15 U.S.C. 78f(b)(5).
---------------------------------------------------------------------------

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 changes do not 
impose a burden on competition because, as previously stated, they (i) 
are of a non-substantive nature, (ii) are intended to harmonize the 
Exchange's rules with those of its Affiliated Exchanges, and (iii) are 
intended to organize the Rulebook in a way that it will ease the 
Members' navigation and reading of the rules across the Affiliated 
Exchanges.

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 \11\ and 
subparagraph (f)(6) of Rule 19b-4 thereunder.\12\
---------------------------------------------------------------------------

    \11\ 15 U.S.C. 78s(b)(3)(A)(iii).
    \12\ 17 CFR 240.19b-4(f)(6). In addition, Rule 19b-4(f)(6)(iii) 
requires the Exchange to give the Commission written notice of the 
Exchange's 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.
---------------------------------------------------------------------------

    A proposed rule change filed under Rule 19b-4(f)(6) \13\ normally 
does not become operative prior to 30 days after the date of the 
filing. However, Rule 19b-4(f)(6)(iii) \14\ 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 Exchange 
can reorganize its Rulebook as already approved by the Commission. The 
Commission believes that waiver of the 30-day operative delay is 
consistent with the protection of investors and the public interest. 
Accordingly, the Commission hereby waives the operative delay and 
designates the proposed rule change as operative upon filing.\15\
---------------------------------------------------------------------------

    \13\ 17 CFR 240.19b-4(f)(6).
    \14\ 17 CFR 240.19b-4(f)(6)(iii).
    \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: (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-ISE-2018-09 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-ISE-2018-09. 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-ISE-2018-09 and should be submitted on 
or before February 23, 2018.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\16\
---------------------------------------------------------------------------

    \16\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------

Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018-02127 Filed 2-1-18; 8:45 am]
 BILLING CODE 8011-01-P



                                                                               Federal Register / Vol. 83, No. 23 / Friday, February 2, 2018 / Notices                                                    4947

                                                from the national securities exchanges,                 SECURITIES AND EXCHANGE                               forth in sections A, B, and C below, of
                                                the resultant aggregate annual reporting                COMMISSION                                            the most significant aspects of such
                                                hour burden would be, assuming on                                                                             statements.
                                                                                                        [Release No. 34–82599; File No. SR–ISE–
                                                average one hour per response, 800                      2018–09]                                              A. Self-Regulatory Organization’s
                                                annual burden hours for all exchanges
                                                                                                                                                              Statement of the Purpose of, and
                                                (21 exchanges × an average of 38.1                      Self-Regulatory Organizations; Nasdaq
                                                                                                                                                              Statutory Basis for, the Proposed Rule
                                                responses per exchange × 1 hour per                     ISE, LLC; Notice of Filing and
                                                                                                        Immediate Effectiveness of Proposed                   Change
                                                response). In addition, since
                                                approximately 100 responses are                         Rule Change To Relocate the                           1. Purpose
                                                received by the Commission annually                     Consolidated Audit Trail Compliance
                                                from issuers wishing to remove their                    Rules                                                    The Exchange proposes to relocate the
                                                securities from listing and registration                                                                      CAT Rules, currently under Chapter 9,
                                                                                                        January 30, 2018.
                                                on exchanges, the Commission staff                                                                            Rules 900 through 912, to General 7,
                                                                                                           Pursuant to Section 19(b)(1) of the
                                                estimates that the aggregate annual                                                                           Sections 1 through 13 of the Rulebook’s
                                                                                                        Securities Exchange Act of 1934
                                                reporting hour burden on issuers would                                                                        shell structure.
                                                                                                        (‘‘Act’’),1 and Rule 19b–4 thereunder,2
                                                be, assuming on average one reporting                   notice is hereby given that on January                   The Exchange adopted the CAT Rules
                                                hour per response, 100 annual burden                    24, 2018, Nasdaq ISE, LLC (‘‘ISE’’ or                 to implement a consolidated audit trail
                                                hours for all issuers (100 issuers × 1                  ‘‘Exchange’’) filed with the Securities               in order to capture customer and order
                                                response per issuer × 1 hour per                        and Exchange Commission                               event information to comply with the
                                                response). Accordingly, the total annual                (‘‘Commission’’) the proposed rule                    provisions of the National Market
                                                hour burden for all respondents to                      change as described in Items I and II                 System Plan Governing the
                                                comply with Rule 12d2–2 is 900 hours                    below, which Items have been prepared                 Consolidated Audit Trail.4 Because the
                                                (800 hours for exchanges + 100 hours                    by the Exchange. The Commission is                    CAT Rules apply across all markets and
                                                for issuers). The related internal cost of              publishing this notice to solicit                     to all products,5 the Exchange believes
                                                compliance associated with these                        comments on the proposed rule change                  it is pertinent that they be located in the
                                                burden hours is $188,400 ($157,000 for                  from interested persons.                              General section of the Rulebook’s shell;
                                                exchanges ($196.25 per response × 800                   I. Self-Regulatory Organization’s                     therefore, the Exchange will amend the
                                                responses) and $31,400 for issuers ($314                Statement of the Terms of Substance of                shell structure, creating a new ‘‘General
                                                per response × 100 responses)).                         the Proposed Rule Change                              7 Consolidated Audit Trail Compliance’’
                                                                                                                                                              title under ‘‘General Rules,’’ and make
                                                   The collection of information                           The Exchange proposes to relocate the
                                                                                                                                                              conforming changes to the ‘‘Options
                                                obligations imposed by Rule 12d2–2                      Consolidated Audit Trail Compliance
                                                                                                                                                              Rules’’ titles; moreover, this proposal is
                                                and Form 25 are mandatory. The                          rules (‘‘CAT Rules’’), currently under
                                                                                                                                                              consistent with similar filings
                                                response will be available to the public                Chapter 9, Rules 900 through 912, to
                                                                                                        General 7, Sections 1 through 13 in the               concurrently submitted by the Affiliated
                                                and will not be kept confidential.
                                                                                                        Exchange’s rulebook’s (‘‘Rulebook’’)                  Exchanges.
                                                   An agency may not conduct or
                                                                                                        shell structure.3                                        The relocation of the CAT Rules is
                                                sponsor, and a person is not required to
                                                                                                           The text of the proposed rule change               part of the Exchange’s continued effort
                                                respond to, a collection of information                 is available on the Exchange’s website at             to promote efficiency and conformity of
                                                under the PRA unless it displays a                      http://ise.cchwallstreet.com/, at the                 its processes with those of its Affiliated
                                                currently valid OMB control number.                     principal office of the Exchange, and at              Exchanges.6 The Exchange believes that
                                                   The public may view background                       the Commission’s Public Reference                     the migration of the CAT Rules to their
                                                documentation for this information                      Room.                                                 new location will facilitate the use of
                                                collection at the following website:                    II. Self-Regulatory Organization’s                    the Rulebook by Members 7 of the
                                                www.reginfo.gov. Comments should be                     Statement of the Purpose of, and                      Exchange who are members of other
                                                directed to: (i) Desk Officer for the                   Statutory Basis for, the Proposed Rule                Affiliated Exchanges. Moreover, the
                                                Securities and Exchange Commission,                     Change                                                proposed changes are of a non-
                                                Office of Information and Regulatory                                                                          substantive nature and will not amend
                                                Affairs, Office of Management and                          In its filing with the Commission, the
                                                                                                        Exchange included statements                          the relocated rules other than to update
                                                Budget, Room 10102, New Executive                                                                             their numbers, make cross-reference
                                                                                                        concerning the purpose of and basis for
                                                Office Building, Washington, DC 20503,                                                                        changes, and make changes to
                                                                                                        the proposed rule change and discussed
                                                or by sending an email to: Shagufta_                    any comments it received on the                       harmonize the proposed rule with the
                                                Ahmed@omb.eop.gov; and (ii) Pamela                      proposed rule change. The text of these
                                                Dyson, Director/Chief Information                       statements may be examined at the                       4 See Securities Exchange Act Release No. 80256

                                                Officer, Securities and Exchange                        places specified in Item IV below. The
                                                                                                                                                              (March 15, 2017), 82 FR 14526 (March 21, 2017)
                                                                                                                                                              (SR–ISE–2017–08) (Order Approving Proposed Rule
                                                Commission, c/o Remi Pavlik-Simon,                      Exchange has prepared summaries, set                  Changes To Adopt Consolidated Audit Trail
                                                100 F Street NE, Washington, DC 20549,                                                                        Compliance Rules).
                                                or by sending an email to: PRA_                           1 15  U.S.C. 78s(b)(1).                               The Exchange also notes that, at the time of the
                                                Mailbox@sec.gov. Comments must be                         2 17  CFR 240.19b–4.                                approval of the CAT Rules, the Exchange was
                                                                                                           3 Recently, the Exchange added a shell structure   known as ‘‘International Securities Exchange, LLC.’’
                                                submitted to OMB within 30 days of
sradovich on DSK3GMQ082PROD with NOTICES




                                                                                                        to its Rulebook with the purpose of improving         To reflect the Exchange’s placement within its
                                                this notice.                                            efficiency and readability and to align its rules     parent company’s corporate structure, Nasdaq, Inc.,
                                                                                                        closer to those of its five sister exchanges, The     the Exchange name was changed to ‘‘Nasdaq ISE,
                                                  Dated: January 30, 2018.                                                                                    LLC.’’ See Securities Exchange Act Release No.
                                                                                                        Nasdaq Stock Market LLC; Nasdaq BX, Inc.; Nasdaq
                                                Eduardo A. Aleman,                                      PHLX LLC; Nasdaq GEMX, LLC; and Nasdaq MRX,           80325 (March 29, 2017), 82 FR 16445 (April 4,
                                                                                                        LLC (‘‘Affiliated Exchanges’’). See Securities        2017) (SR–ISE–2017–25).
                                                Assistant Secretary.                                                                                            5 Id.
                                                                                                        Exchange Act Release No. 82173 (November 29,
                                                [FR Doc. 2018–02115 Filed 2–1–18; 8:45 am]                                                                      6 See footnote 3.
                                                                                                        2017), 82 FR 57505 (December 5, 2017) (SR–ISE–
                                                BILLING CODE 8011–01–P                                  2017–102).                                              7 Exchange Rule 100(a)(26).




                                           VerDate Sep<11>2014   18:03 Feb 01, 2018   Jkt 244001   PO 00000   Frm 00054   Fmt 4703   Sfmt 4703   E:\FR\FM\02FEN1.SGM   02FEN1


                                                4948                              Federal Register / Vol. 83, No. 23 / Friday, February 2, 2018 / Notices

                                                text of filings simultaneously submitted                   interest; (ii) impose any significant                     Electronic Comments
                                                by the Affiliated Exchanges.8                              burden on competition; and (iii) become
                                                                                                           operative for 30 days from the date on                      • Use the Commission’s internet
                                                2. Statutory Basis                                                                                                   comment form (http://www.sec.gov/
                                                                                                           which it was filed, or such shorter time
                                                   The Exchange believes that its                          as the Commission may designate, it has                   rules/sro.shtml); or
                                                proposal is consistent with Section 6(b)                   become effective pursuant to Section                        • Send an email to rule-comments@
                                                of the Act,9 in general, and furthers the                  19(b)(3)(A)(iii) of the Act 11 and                        sec.gov. Please include File Number SR–
                                                objectives of Section 6(b)(5) of the Act,10                subparagraph (f)(6) of Rule 19b–4                         ISE–2018–09 on the subject line.
                                                in particular, in that it is designed to                   thereunder.12
                                                promote just and equitable principles of                                                                             Paper Comments
                                                trade, to remove impediments to and                           A proposed rule change filed under
                                                perfect the mechanism of a free and                        Rule 19b–4(f)(6) 13 normally does not                       • Send paper comments in triplicate
                                                open market and a national market                          become operative prior to 30 days after                   to Secretary, Securities and Exchange
                                                system, and, in general to protect                         the date of the filing. However, Rule                     Commission, 100 F Street NE,
                                                investors and the public interest, by                      19b–4(f)(6)(iii) 14 permits the                           Washington, DC 20549–1090.
                                                promoting efficiency and conformity of                     Commission to designate a shorter time
                                                                                                           if such action is consistent with the                     All submissions should refer to File
                                                the Exchange’s processes with those of
                                                                                                           protection of investors and the public                    Number SR–ISE–2018–09. This file
                                                the Affiliated Exchanges and to make
                                                the Exchange’s Rulebook easier to read                     interest. The Exchange has asked the                      number should be included on the
                                                and more accessible to its Members. The                    Commission to waive the 30-day                            subject line if email is used. To help the
                                                Exchange believes that the relocation of                   operative delay so that the Exchange can                  Commission process and review your
                                                the CAT Rules and cross-reference                          reorganize its Rulebook as already                        comments more efficiently, please use
                                                updates are of a non-substantive nature.                   approved by the Commission. The                           only one method. The Commission will
                                                                                                           Commission believes that waiver of the                    post all comments on the Commission’s
                                                B. Self-Regulatory Organization’s                          30-day operative delay is consistent                      internet website (http://www.sec.gov/
                                                Statement on Burden on Competition                         with the protection of investors and the                  rules/sro.shtml). Copies of the
                                                   The Exchange does not believe that                      public interest. Accordingly, the                         submission, all subsequent
                                                the proposed rule change will impose                       Commission hereby waives the                              amendments, all written statements
                                                any burden on competition not                              operative delay and designates the                        with respect to the proposed rule
                                                necessary or appropriate in furtherance                    proposed rule change as operative upon                    change that are filed with the
                                                of the purposes of the Act. The                            filing.15                                                 Commission, and all written
                                                proposed changes do not impose a                              At any time within 60 days of the                      communications relating to the
                                                burden on competition because, as                          filing of the proposed rule change, the                   proposed rule change between the
                                                previously stated, they (i) are of a non-                  Commission summarily may                                  Commission and any person, other than
                                                substantive nature, (ii) are intended to                   temporarily suspend such rule change if                   those that may be withheld from the
                                                harmonize the Exchange’s rules with                        it appears to the Commission that such
                                                those of its Affiliated Exchanges, and                                                                               public in accordance with the
                                                                                                           action is: (i) Necessary or appropriate in                provisions of 5 U.S.C. 552, will be
                                                (iii) are intended to organize the                         the public interest; (ii) for the protection
                                                Rulebook in a way that it will ease the                                                                              available for website viewing and
                                                                                                           of investors; or (iii) otherwise in                       printing in the Commission’s Public
                                                Members’ navigation and reading of the                     furtherance of the purposes of the Act.
                                                rules across the Affiliated Exchanges.                                                                               Reference Room, 100 F Street NE,
                                                                                                           If the Commission takes such action, the
                                                                                                                                                                     Washington, DC 20549, on official
                                                C. Self-Regulatory Organization’s                          Commission shall institute proceedings
                                                                                                                                                                     business days between the hours of
                                                Statement on Comments on the                               to determine whether the proposed rule
                                                                                                           should be approved or disapproved.                        10:00 a.m. and 3:00 p.m. Copies of the
                                                Proposed Rule Change Received From                                                                                   filing also will be available for
                                                Members, Participants, or Others                           IV. Solicitation of Comments                              inspection and copying at the principal
                                                  No written comments were either                                                                                    office of the Exchange. All comments
                                                solicited or received.                                       Interested persons are invited to
                                                                                                                                                                     received will be posted without change.
                                                                                                           submit written data, views, and
                                                III. Date of Effectiveness of the                                                                                    Persons submitting comments are
                                                                                                           arguments concerning the foregoing,
                                                Proposed Rule Change and Timing for                                                                                  cautioned that we do not redact or edit
                                                                                                           including whether the proposed rule
                                                Commission Action                                          change is consistent with the Act.                        personal identifying information from
                                                   Because the foregoing proposed rule                     Comments may be submitted by any of                       comment submissions. You should
                                                change does not: (i) Significantly affect                  the following methods:                                    submit only information that you wish
                                                the protection of investors or the public                                                                            to make available publicly. All
                                                                                                             11 15  U.S.C. 78s(b)(3)(A)(iii).
                                                                                                                                                                     submissions should refer to File
                                                  8 Specifically, the Exchange will remove the word          12 17  CFR 240.19b–4(f)(6). In addition, Rule 19b–      Number SR–ISE–2018–09 and should be
                                                ‘‘Rule’’ from General 7’s title which will now read        4(f)(6)(iii) requires the Exchange to give the            submitted on or before February 23,
                                                ‘‘Consolidated Audit Trail Compliance.’’                   Commission written notice of the Exchange’s intent        2018.
                                                   Moreover, the Exchange will update the                  to file the proposed rule change, along with a brief
                                                description provided under General 7, Section              description and text of the proposed rule change,           For the Commission, by the Division of
                                                12(a), ‘‘General,’’ to exactly match the contents of       at least five business days prior to the date of filing   Trading and Markets, pursuant to delegated
                                                similar sections in the Nasdaq, BX, and Phlx               of the proposed rule change, or such shorter time
                                                                                                                                                                     authority.16
sradovich on DSK3GMQ082PROD with NOTICES




                                                rulebooks. This change will not alter Section 12(a)        as designated by the Commission. The Exchange
                                                since (i) the description under this subsection is         has satisfied this requirement.                           Eduardo A. Aleman,
                                                essentially the same to that of the aforementioned            13 17 CFR 240.19b–4(f)(6).
                                                                                                                                                                     Assistant Secretary.
                                                Affiliated Exchanges and (ii) the removal of the              14 17 CFR 240.19b–4(f)(6)(iii).
                                                phrase ‘‘upon approval by the Commission’’ is                 15 For purposes only of waiving the 30-day
                                                                                                                                                                     [FR Doc. 2018–02127 Filed 2–1–18; 8:45 am]
                                                unnecessary at this point since the CAT Rules are          operative delay, the Commission has also                  BILLING CODE 8011–01–P
                                                already effective.                                         considered the proposed rule’s impact on
                                                   9 15 U.S.C. 78f(b).
                                                                                                           efficiency, competition, and capital formation. See
                                                   10 15 U.S.C. 78f(b)(5).                                 15 U.S.C. 78c(f).                                           16 17   CFR 200.30–3(a)(12).



                                           VerDate Sep<11>2014      18:03 Feb 01, 2018   Jkt 244001   PO 00000   Frm 00055   Fmt 4703   Sfmt 9990   E:\FR\FM\02FEN1.SGM        02FEN1



Document Created: 2018-02-03 14:27:41
Document Modified: 2018-02-03 14:27:41
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 4947 

2025 Federal Register | Disclaimer | Privacy Policy
USC | CFR | eCFR