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).




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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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