83_FR_5525 83 FR 5499 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Designation of a Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change To Adopt New Equity Trading Rules for Trading UTP Securities on Pillar, Including Orders and Modifiers, Order Ranking and Display, and Order Execution and Routing

83 FR 5499 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Designation of a Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change To Adopt New Equity Trading Rules for Trading UTP Securities on Pillar, Including Orders and Modifiers, Order Ranking and Display, and Order Execution and Routing

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 83, Issue 26 (February 7, 2018)

Page Range5499-5499
FR Document2018-02395

Federal Register, Volume 83 Issue 26 (Wednesday, February 7, 2018) 
[Federal Register Volume 83, Number 26 (Wednesday, February 7, 2018)]
[Notices]
[Page 5499]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-02395]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-82613; File No. SR-NYSE-2017-36]


Self-Regulatory Organizations; New York Stock Exchange LLC; 
Notice of Designation of a Longer Period for Commission Action on 
Proceedings To Determine Whether To Approve or Disapprove a Proposed 
Rule Change To Adopt New Equity Trading Rules for Trading UTP 
Securities on Pillar, Including Orders and Modifiers, Order Ranking and 
Display, and Order Execution and Routing

February 1, 2018.
    On July 28, 2017, New York Stock Exchange LLC (``NYSE'' or 
``Exchange'') filed with the Securities and Exchange Commission 
(``Commission''), pursuant to Section 19(b)(1) of the Securities 
Exchange Act of 1934 (``Act'') \1\ and Rule 19b-4 thereunder,\2\ a 
proposed rule change to adopt new equity trading rules to allow the 
Exchange to trade securities that are listed on a national securities 
exchange other than NYSE (``UTP Securities'') \3\ pursuant to unlisted 
trading privileges for the first time on Pillar, the Exchange's new 
trading technology platform. The proposed rule change was published for 
comment in the Federal Register on August 9, 2017.\4\
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ See NYSE Rule 1.1(ii) for a definition of UTP Security.
    \4\ See Securities Exchange Act Release No. 81310 (Aug. 3, 
2017), 82 FR 37257 (Aug. 9, 2017).
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    On September 18, 2017, pursuant to Section 19(b)(2) of the Act,\5\ 
the Commission designated November 7, 2017, as the date within which to 
approve the proposed rule change, disapprove the proposed rule change, 
or institute proceedings to determine whether to disapprove the 
proposed rule change.\6\ On November 7, 2017, the Commission instituted 
proceedings under Section 19(b)(2)(B) of the Act \7\ to determine 
whether to approve or disapprove the proposed rule change.\8\ The 
Commission has received no comments on the proposed rule change.
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    \5\ 15 U.S.C. 78s(b)(2).
    \6\ See Securities Exchange Act Release No. 81641 (Sept. 18, 
2017), 82 FR 44483 (Sept. 22, 2017).
    \7\ 15 U.S.C. 78s(b)(2)(B).
    \8\ See Securities Exchange Act Release No. 82028 (Nov. 7, 
2017), 82 FR 52757 (Nov. 14, 2017).
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    Section 19(b)(2) of the Act \9\ provides that, after initiating 
disapproval proceedings, the Commission shall issue an order approving 
or disapproving the proposed rule change not later than 180 days after 
the date of publication of notice of filing of the proposed rule 
change. The Commission may extend the period for issuing an order 
approving or disapproving the proposed rule change by not more than 60 
days if the Commission determines that a longer period is appropriate 
and publishes the reasons for such determination. As noted earlier, the 
proposed rule change was published for notice and comment in the 
Federal Register on August 9, 2017. February 5, 2018, is 180 days from 
that date, and April 6, 2018, is 240 days from that date.
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    \9\ 15 U.S.C. 78s(b)(2).
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    The Commission finds it appropriate to designate a longer period 
within which to issue an order approving or disapproving the proposed 
rule change so that it has sufficient time to consider this proposed 
rule change. Accordingly, the Commission, pursuant to Section 19(b)(2) 
of the Act,\10\ designates April 6, 2018 as the date by which the 
Commission should either approve or disapprove the proposed rule change 
(File Number SR-NYSE-2017-36).
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    \10\ Id.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\11\
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    \11\ 17 CFR 200.30-3(a)(57).
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Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018-02395 Filed 2-6-18; 8:45 am]
 BILLING CODE 8011-01-P

Federal Register / Vol. 83, No. 26 / Wednesday, February 7, 2018 / Notices 5499 action is necessary or appropriate in the personal identifying information from whether to disapprove the proposed public interest, for the protection of comment submissions. You should rule change.6 On November 7, 2017, the investors, or otherwise in furtherance of submit only information that you wish Commission instituted proceedings the purposes of the Act. If the to make available publicly. All under Section 19(b)(2)(B) of the Act 7 to Commission takes such action, the submissions should refer to File determine whether to approve or Commission shall institute proceedings Number SR–NYSEAMER–2018–02 and disapprove the proposed rule change.8 under Section 19(b)(2)(B) 23 of the Act to should be submitted on or before The Commission has received no determine whether the proposed rule February 28, 2018. comments on the proposed rule change. change should be approved or For the Commission, by the Division of disapproved. Section 19(b)(2) of the Act 9 provides Trading and Markets, pursuant to delegated that, after initiating disapproval IV. Solicitation of Comments authority.24 proceedings, the Commission shall issue Eduardo A. Aleman, Interested persons are invited to an order approving or disapproving the submit written data, views, and Assistant Secretary. proposed rule change not later than 180 arguments concerning the foregoing, [FR Doc. 2018–02400 Filed 2–6–18; 8:45 am] days after the date of publication of including whether the proposed rule BILLING CODE 8011–01–P notice of filing of the proposed rule change is consistent with the Act. change. The Commission may extend Comments may be submitted by any of the period for issuing an order the following methods: SECURITIES AND EXCHANGE COMMISSION approving or disapproving the proposed Electronic Comments rule change by not more than 60 days [Release No. 34–82613; File No. SR–NYSE– if the Commission determines that a • Use the Commission’s internet 2017–36] comment form (http://www.sec.gov/ longer period is appropriate and rules/sro.shtml); or Self-Regulatory Organizations; New publishes the reasons for such • Send an email to rule-comments@ York Stock Exchange LLC; Notice of determination. As noted earlier, the sec.gov. Please include File Number SR– Designation of a Longer Period for proposed rule change was published for NYSEAMER–2018–02 on the subject Commission Action on Proceedings To notice and comment in the Federal line. Determine Whether To Approve or Register on August 9, 2017. February 5, Disapprove a Proposed Rule Change 2018, is 180 days from that date, and Paper Comments To Adopt New Equity Trading Rules for April 6, 2018, is 240 days from that • Send paper comments in triplicate Trading UTP Securities on Pillar, date. to Secretary, Securities and Exchange Including Orders and Modifiers, Order Commission, 100 F Street NE, The Commission finds it appropriate Ranking and Display, and Order to designate a longer period within Washington, DC 20549–1090. Execution and Routing All submissions should refer to File which to issue an order approving or Number SR–NYSEAMER–2018–02. This February 1, 2018. disapproving the proposed rule change file number should be included on the On July 28, 2017, New York Stock so that it has sufficient time to consider subject line if email is used. To help the Exchange LLC (‘‘NYSE’’ or ‘‘Exchange’’) this proposed rule change. Accordingly, Commission process and review your filed with the Securities and Exchange the Commission, pursuant to Section comments more efficiently, please use Commission (‘‘Commission’’), pursuant 19(b)(2) of the Act,10 designates April 6, only one method. The Commission will to Section 19(b)(1) of the Securities 2018 as the date by which the post all comments on the Commission’s Exchange Act of 1934 (‘‘Act’’) 1 and Rule Commission should either approve or internet website (http://www.sec.gov/ 19b–4 thereunder,2 a proposed rule disapprove the proposed rule change rules/sro.shtml). Copies of the change to adopt new equity trading (File Number SR–NYSE–2017–36). submission, all subsequent rules to allow the Exchange to trade For the Commission, by the Division of amendments, all written statements securities that are listed on a national Trading and Markets, pursuant to delegated with respect to the proposed rule securities exchange other than NYSE authority.11 change that are filed with the (‘‘UTP Securities’’) 3 pursuant to Eduardo A. Aleman, Commission, and all written unlisted trading privileges for the first communications relating to the time on Pillar, the Exchange’s new Assistant Secretary. proposed rule change between the trading technology platform. The [FR Doc. 2018–02395 Filed 2–6–18; 8:45 am] Commission and any person, other than proposed rule change was published for BILLING CODE 8011–01–P those that may be withheld from the comment in the Federal Register on public in accordance with the August 9, 2017.4 provisions of 5 U.S.C. 552, will be On September 18, 2017, pursuant to available for website viewing and Section 19(b)(2) of the Act,5 the printing in the Commission’s Public Commission designated November 7, Reference Room, 100 F Street NE, 2017, as the date within which to Washington, DC 20549 on official approve the proposed rule change, business days between the hours of disapprove the proposed rule change, or 10:00 a.m. and 3:00 p.m. Copies of the institute proceedings to determine sradovich on DSK3GMQ082PROD with NOTICES filing also will be available for 6 See Securities Exchange Act Release No. 81641 24 17 CFR 200.30–3(a)(12). inspection and copying at the principal (Sept. 18, 2017), 82 FR 44483 (Sept. 22, 2017). 1 15 U.S.C. 78s(b)(1). office of the Exchange. All comments 7 15 U.S.C. 78s(b)(2)(B). 2 17 CFR 240.19b–4. received will be posted without change. 3 See NYSE Rule 1.1(ii) for a definition of UTP 8 See Securities Exchange Act Release No. 82028 Persons submitting comments are Security. (Nov. 7, 2017), 82 FR 52757 (Nov. 14, 2017). cautioned that we do not redact or edit 4 See Securities Exchange Act Release No. 81310 9 15 U.S.C. 78s(b)(2). 10 Id. (Aug. 3, 2017), 82 FR 37257 (Aug. 9, 2017). 23 15 U.S.C. 78s(b)(2)(B). 5 15 U.S.C. 78s(b)(2). 11 17 CFR 200.30–3(a)(57). VerDate Sep<11>2014 18:17 Feb 06, 2018 Jkt 244001 PO 00000 Frm 00100 Fmt 4703 Sfmt 9990 E:\FR\FM\07FEN1.SGM 07FEN1


Document Created: 2018-10-26 13:57:50
Document Modified: 2018-10-26 13:57:50
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 5499 
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