Self-Regulatory Organizations; NASDAQ PHLX LLC; Notice of Designation of Longer Period for Commission Action on Proposed Rule Change To Permit the Listing and Trading of P.M.-Settled NASDAQ-100 Index® Options on a Pilot Basis, 14393-14394 [2017-05406]
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Federal Register / Vol. 82, No. 52 / Monday, March 20, 2017 / Notices
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
amending its Second Amended Limited
Liability Company Agreement and Rule
60 to properly reflect the addresses of
Phlx and its shareholder. It is consistent
with the Act to maintain accurate
information in its Rulebook as to the
address of the Exchange. The
shareholder information in the Second
Amended Limited Liability Company
Agreement is being amended to more
accurately reflect the address of the
shareholder.
B. Self-Regulatory Organization’s
Statement on Burden on Competition
The Exchange does not believe that
the proposed rule change will impose
any burden on competition not
necessary or appropriate in furtherance
of the purposes of the Act. The
proposed rule changes will accurately
reflect the addresses of Phlx and its
shareholder and will not impose an
undue burden on competition.
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 5 and
subparagraph (f)(6) of Rule 19b–4
thereunder.6
A proposed rule change filed
pursuant to Rule 19b–4(f)(6) under the
Act 7 normally does not become
operative for 30 days after the date of its
filing. However, Rule 19b–4(f)(6)(iii) 8
sradovich on DSK3GMQ082PROD with NOTICES
5 15
U.S.C. 78s(b)(3)(A)(iii).
CFR 240.19b–4(f)(6). In addition, Rule 19b–
4(f)(6) requires a self-regulatory organization to give
the Commission written notice of its intent to file
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.
7 17 CFR 240.19b–4(f)(6).
8 17 CFR 240.19b–4(f)(6)(iii).
6 17
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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 proposal may
become operative immediately upon
filing. The Commission believes that
waiving the 30-day operative delay is
consistent with the protection of
investors and the public interest as it
will allow the Exchange to update the
address for Phlx and its sole
shareholder, Nasdaq, Inc., as of April 1,
2017 to coincide with the relocation
plans. Accordingly, the Commission
hereby waives the operative delay and
designates the proposal operative upon
filing.9
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 (https://www.sec.gov/
rules/sro.shtml); or
• Send an email to rule-comments@
sec.gov. Please include File Number SR–
Phlx–2017–23 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–Phlx–2017–23. 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 Web site (https://www.sec.gov/
9 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).
PO 00000
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14393
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 Web site 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;
the Commission does not edit personal
identifying information from
submissions. You should submit only
information that you wish to make
available publicly. All submissions
should refer to File Number SR–Phlx–
2017–23 and should be submitted on or
before April 10, 2017.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.10
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2017–05408 Filed 3–17–17; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–80241; File No. SR–Phlx–
2017–04]
Self-Regulatory Organizations;
NASDAQ PHLX LLC; Notice of
Designation of Longer Period for
Commission Action on Proposed Rule
Change To Permit the Listing and
Trading of P.M.-Settled NASDAQ–100
Index® Options on a Pilot Basis
March 14, 2017.
On January 18, 2017, NASDAQ PHLX
LLC (‘‘Phlx’’ 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 permit the listing and trading
of P.M.-settled NASDAQ–100 Index®
options on a pilot basis. The proposed
rule change was published for comment
in the Federal Register on February 3,
10 17
CFR 200.30–3(a)(12).
U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
1 15
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14394
Federal Register / Vol. 82, No. 52 / Monday, March 20, 2017 / Notices
2017.3 The Commission has received no
comment letters on the proposal.
Section 19(b)(2) of the Act 4 provides
that within 45 days of the publication of
notice of the filing of a proposed rule
change, or within such longer period up
to 90 days as the Commission may
designate if it finds such longer period
to be appropriate and publishes its
reasons for so finding or as to which the
self-regulatory organization consents,
the Commission shall either approve the
proposed rule change, disapprove the
proposed rule change, or institute
proceedings to determine whether the
proposed rule change should be
disapproved. The 45th day for this filing
is March 20, 2017.
The Commission is extending the 45day time period for Commission action
on the proposed rule change. The
Commission finds that it is appropriate
to designate a longer period within
which to take action on the proposed
rule change so that it has sufficient time
to consider and take action on the
Exchange’s proposed rule change.
Accordingly, pursuant to Section
19(b)(2) of the Act 5 and for the reasons
stated above, the Commission
designates May 4, 2017, as the date by
which the Commission should either
approve or disapprove, or institute
proceedings to determine whether to
disapprove, the proposed rule change
(File No. SR–Phlx–2017–04).
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.6
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2017–05406 Filed 3–17–17; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–80235; File No. SR–FICC–
2017–001]
sradovich on DSK3GMQ082PROD with NOTICES
Self-Regulatory Organizations; Fixed
Income Clearing Corporation; Notice of
Designation of Longer Period for
Commission Action on Proposed Rule
Change To (1) Implement the Margin
Proxy, (2) Modify the Calculation of the
Coverage Charge in Circumstances
Where the Margin Proxy Applies, and
(3) Make Certain Technical Corrections
March 14, 2017.
On February 2, 2017, Fixed Income
Clearing Corporation (‘‘FICC’’) filed
3 See Securities Exchange Act Release No. 79894
(January 30, 2017), 82 FR 9259.
4 15 U.S.C. 78s(b)(2).
5 15 U.S.C. 78s(b)(2).
6 17 CFR 200.30–3(a)(31).
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with the Securities and Exchange
Commission (‘‘Commission’’) proposed
rule change SR–FICC–2017–001
(‘‘Proposed Rule Change’’) pursuant to
Section 19(b)(1) of the Securities
Exchange Act of 1934 (‘‘Act’’),1 and
Rule 19b–4 thereunder,2 to establish a
supplemental Value-at-Risk charge
(‘‘VaR Charge’’) calculation in FICC’s
Government Securities Division
(‘‘GSD’’) margin model.3 The proposed
rule change was published for comment
in the Federal Register on February 9,
2017.4 The Commission received three
comment letters to the Proposed Rule
Change.5
Section 19(b)(2) of the Act 6 provides
that, within 45 days of the publication
of notice of the filing of a proposed rule
change, or within such longer period up
to 90 days as the Commission may
designate if it finds such longer period
to be appropriate and publishes its
reasons for so finding, or as to which the
self-regulatory organization consents,
the Commission shall either approve the
proposed rule change, disapprove the
proposed rule change, or institute
proceedings to determine whether the
proposed rule change should be
disapproved. The 45th day after
publication of the notice for this
proposed rule change is March 26, 2017.
1 15
U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
3 On February 2, 2017, FICC also filed this
proposed rule change as advance notice SR–FICC–
2017–801 (‘‘Advance Notice’’) with the Commission
pursuant to Section 806(e)(1) of the Dodd-Frank
Wall Street Reform and Consumer Protection Act
entitled the Payment, Clearing, and Settlement
Supervision Act of 2010, 12 U.S.C. 5465(e)(1), and
Rule 19b–4(n)(1)(i) of the Act, 17 CFR 240.19b–
4(n)(1)(i). Notice of filing of the Advance Notice
was published for comment in the Federal Register
on March 8, 2017. Securities Exchange Act Release
No. 80139 (March 2, 2017), 82 FR 13026 (March 8,
2017) (SR–FICC–2017–801). The Commission shall
have until April 3, 2017 to object or not object to
the Advance Notice. The proposal in the Proposed
Rule Change and the Advance Notice shall not take
effect until all regulatory actions required with
respect to the proposal are completed.
4 Securities Exchange Act Release No. 79958
(February 3, 2017), 82 FR 10117 (February 9, 2017)
(SR–FICC–2017–001).
5 See letter from Robert E. Pooler, Chief Financial
Officer, Ronin Capital LLC (‘‘Ronan’’), dated
February 24, 2017, to Eduardo A. Aleman, Assistant
Secretary, Commission (‘‘Ronin Letter’’); letter from
Alan Levy, Managing Director, Industrial and
Commercial Bank of China Financial Services LLC
(‘‘ICBCFS’’), dated February 24, 2017 (‘‘ICBCFS
Letter’’); and letter from Timothy J. Cuddihy,
Managing Director, FICC, dated March 8, 2017, to
Eduardo A. Aleman, Assistant Secretary,
Commission (‘‘FICC Letter’’), available at https://
www.sec.gov/comments/sr-ficc-2017-001/
ficc2017001.htm. Since the proposal contained in
the Proposed Rule Change was also filed as an
Advance Notice, Release No. 80139, supra note 3,
the Commission is considering all public comments
received on the proposal regardless of whether the
comments are submitted to the Proposed Rule
Change or the Advance Notice.
6 15 U.S.C. 78s(b)(2).
PO 00000
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Sfmt 4703
The Commission is extending this 45day time period.
In order to provide the Commission
with sufficient time to consider the
Proposed Rule Change, the Commission
finds that it is appropriate to designate
a longer period within which to take
action on the Proposed Rule Change.
Accordingly, the Commission, pursuant
to Section 19(b)(2) of the Act,7
designates May 10, 2017 as the date by
which the Commission shall either
approve, disapprove, or institute
proceedings to determine whether to
disapprove proposed rule change SR–
FICC–2017–001.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.8
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2017–05402 Filed 3–17–17; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–80245; File No. 265–29]
Equity Market Structure Advisory
Committee
Securities and Exchange
Commission.
ACTION: Notice of meeting.
AGENCY:
The Securities and Exchange
Commission Equity Market Structure
Advisory Committee is providing notice
that it will hold a public meeting on
Wednesday, April 5, 2017, in MultiPurpose Room LL–006 at the
Commission’s headquarters, 100 F
Street NE., Washington, DC. The
meeting will begin at 9:30 a.m. (EDT)
and will be open to the public. The
public portions of the meeting will be
webcast on the Commission’s Web site
at www.sec.gov. Persons needing special
accommodations to take part because of
a disability should notify the contact
person listed below. The public is
invited to submit written statements to
the Committee. The meeting will focus
on potential recommendations and
updates from the four subcommittees.
DATES: The public meeting will be held
on Wednesday, April 5, 2017. Written
statements should be received on or
before March 29, 2017.
ADDRESSES: The meeting will be held at
the Commission’s headquarters, 100 F
Street NE., Washington, DC. Written
statements may be submitted by any of
the following methods:
SUMMARY:
7 Id.
8 17
CFR 200.30–3(a)(31).
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]]>Agencies
[Federal Register Volume 82, Number 52 (Monday, March 20, 2017)]
[Notices]
[Pages 14393-14394]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-05406]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-80241; File No. SR-Phlx-2017-04]
Self-Regulatory Organizations; NASDAQ PHLX LLC; Notice of
Designation of Longer Period for Commission Action on Proposed Rule
Change To Permit the Listing and Trading of P.M.-Settled NASDAQ-100
Index[supreg] Options on a Pilot Basis
March 14, 2017.
On January 18, 2017, NASDAQ PHLX LLC (``Phlx'' 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
permit the listing and trading of P.M.-settled NASDAQ-100 Index[supreg]
options on a pilot basis. The proposed rule change was published for
comment in the Federal Register on February 3,
[[Page 14394]]
2017.\3\ The Commission has received no comment letters on the
proposal.
---------------------------------------------------------------------------
\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
\3\ See Securities Exchange Act Release No. 79894 (January 30,
2017), 82 FR 9259.
---------------------------------------------------------------------------
Section 19(b)(2) of the Act \4\ provides that within 45 days of the
publication of notice of the filing of a proposed rule change, or
within such longer period up to 90 days as the Commission may designate
if it finds such longer period to be appropriate and publishes its
reasons for so finding or as to which the self-regulatory organization
consents, the Commission shall either approve the proposed rule change,
disapprove the proposed rule change, or institute proceedings to
determine whether the proposed rule change should be disapproved. The
45th day for this filing is March 20, 2017.
---------------------------------------------------------------------------
\4\ 15 U.S.C. 78s(b)(2).
---------------------------------------------------------------------------
The Commission is extending the 45-day time period for Commission
action on the proposed rule change. The Commission finds that it is
appropriate to designate a longer period within which to take action on
the proposed rule change so that it has sufficient time to consider and
take action on the Exchange's proposed rule change.
Accordingly, pursuant to Section 19(b)(2) of the Act \5\ and for
the reasons stated above, the Commission designates May 4, 2017, as the
date by which the Commission should either approve or disapprove, or
institute proceedings to determine whether to disapprove, the proposed
rule change (File No. SR-Phlx-2017-04).
---------------------------------------------------------------------------
\5\ 15 U.S.C. 78s(b)(2).
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\6\
---------------------------------------------------------------------------
\6\ 17 CFR 200.30-3(a)(31).
---------------------------------------------------------------------------
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2017-05406 Filed 3-17-17; 8:45 am]
BILLING CODE 8011-01-P
