Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Designation of a Longer Period for Commission Action on 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, 44483-44484 [2017-20201]

Download as PDF Federal Register / Vol. 82, No. 183 / Friday, September 22, 2017 / Notices the procedures and also would conform the rule more closely to CBOE Rule 9.8 Interpretations and Policies .01. The last sentence of Commentary .02 would be revised by replacing the phrase ‘‘short uncovered’’ options positions with the phrase ‘‘uncovered short’’ options positions. Finally, the Exchange proposes to amend Rule 1025 Commentary .03 by adding the word ‘‘shall’’ to the first sentence, to conform the language more closely to CBOE Rule 9.8, Interpretations and Policies .02. 2. Statutory Basis The Exchange believes that its proposal is consistent with Section 6(b) of the Act,5 in general, and furthers the objectives of Section 6(b)(5) of the Act,6 in particular, in that it is designed to promote just and equitable principles of trade, to remove impediments to and perfect the mechanism of a free and open market and a national market system, and, in general, to protect investors and the public interest. The amendments should remove impediments to and perfect the mechanism of a free and open market and a national market system, by correcting various aspects of the rules and by adding additional clarity to the rules. The minor corrections and clarifications described above should improve the accuracy of the rules and should also improve their readability, making them more understandable and thereby facilitating easier compliance. Additionally, where certain sections of the Phlx rules are proposed to be amended to conform more closely to comparable rules of the CBOE, the proposed rule change should create greater regulatory parity among the two options exchanges regarding members’ obligations in the areas of conduct of accounts for options trading and supervision of accounts. The proposed amendments should create more efficient regulatory compliance by members of both exchanges due to reduction of differences in wording and consequent potential for inadvertent regulatory noncompliance. In this regard, the Exchange believes it is in the public interest for a more consistently worded regulatory policy and standard regarding conduct of accounts for options trading and supervision of accounts to be in effect across options exchanges, for the benefit of customers. B. Self-Regulatory Organization’s Statement on Burden on Competition The Exchange does not believe that the proposed rule change will impose 5 15 6 15 U.S.C. 78f(b). U.S.C. 78f(b)(5). VerDate Sep<11>2014 18:11 Sep 21, 2017 Jkt 241001 any burden on competition not necessary or appropriate in furtherance of the purposes of the Act. As stated above the proposal is designed to correct various aspects of the rules and to add additional clarity to various sections of the rules, which are equally applicable to all similarly situated members and member organizations. Certain aspects of the proposed rule change to amend various sections of Rules 1024 and 1025 are also designed to conform to Phlx rules more closely to comparable rules of CBOE, thus eliminating a potential source of regulatory arbitrage and facilitating compliance by dual members. 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 Within 45 days of the date of publication of this notice in the Federal Register or within such longer period (i) as the Commission may designate up to 90 days of such date if it finds such longer period to be appropriate and publishes its reasons for so finding or (ii) as to which the Exchange consents, the Commission shall: (a) By order approve or disapprove such proposed rule change, or (b) institute proceedings to determine whether the proposed rule change should be 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.ase include File Number SR– Phlx–2017–55 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–2017–55. This file number should be included on the subject line if email is used. To help the Commission process and review your PO 00000 Frm 00108 Fmt 4703 Sfmt 4703 44483 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/ 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–2017–55 and should be submitted on or before October 13, 2017. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.7 Eduardo A. Aleman, Assistant Secretary. [FR Doc. 2017–20202 Filed 9–21–17; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–81641; 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 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 September 18, 2017. 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 7 17 E:\FR\FM\22SEN1.SGM CFR 200.30–3(a)(12). 22SEN1 44484 Federal Register / Vol. 82, No. 183 / Friday, September 22, 2017 / Notices 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 The Commission has received no comments on the proposed rule change. Section 19(b)(2) of the Act 5 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 approved or disapproved. The 45th day after publication of the notice for this proposed rule change is September 23, 2017. The Commission is extending this 45-day time period. The Commission finds that it is appropriate to designate a longer period within which to take action on the proposed rule change so that the Commission has sufficient time to consider the proposed rule change. Accordingly, the Commission, pursuant to Section 19(b)(2) of the Act,6 designates November 7, 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 Number SR–NYSE–2017–36). DEPARTMENT OF STATE For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.7 Eduardo A. Aleman, Assistant Secretary. Pursuant to the authority vested in me as the Secretary of State under the Foreign Missions Act, (‘‘the Act’’), I hereby determine it is reasonably necessary to achieve one or more of the purposes set forth in section 204(b) of the Act to designate 2790 Green Street, San Francisco, CA 94123, which is owned by the Government of the Russian Federation, as a location and facilities for which entry or access is strictly prohibited by all individuals, including but not limited to representatives or employees of the Russian Government and their dependents, without first obtaining written permission from the Department [FR Doc. 2017–20201 Filed 9–21–17; 8:45 am] BILLING CODE 8011–01–P 1 15 U.S.C. 78s(b)(1). 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). 5 15 U.S.C. 78s(b)(2). 6 Id. 7 17 CFR 200.30–3(a)(31). 2 17 VerDate Sep<11>2014 18:11 Sep 21, 2017 Jkt 241001 [Public Notice: 10135] Determination Pursuant to the Foreign Missions Act Pursuant to the authority vested in me as the Secretary of State under the Foreign Missions Act, 22 U.S.C. 4301 et seq. (‘‘the Act’’), I hereby determine it is reasonably necessary to achieve one or more of the purposes set forth in section 204(b) of the Act (22 U.S.C. 4304(b)) to designate 353 Lexington Ave, Suite 1500, New York, NY 10016, which is leased by the Government of the Russian Federation, as a location and facilities for which entry or access is strictly prohibited by any and all representatives or employees of the Russian Government and their dependents, or persons acting on their behalf, without first obtaining written permission from the Department of State’s Office of Foreign Missions. Such prohibitions will take effect as of 2:00 p.m. Eastern Daylight Time on September 2, 2017. As a result, any and all representatives or employees of the Russian Government and their dependents, or persons acting on their behalf, are required to depart the premises no later than the date and time stated above. Access to the property by the persons listed above will be subject to terms and conditions set forth by the Office of Foreign Missions. Rex W. Tillerson, Secretary of State. [FR Doc. 2017–20270 Filed 9–21–17; 8:45 am] BILLING CODE 4710–05–P DEPARTMENT OF STATE [Public Notice 10136] Determination Pursuant to the Foreign Missions Act PO 00000 Frm 00109 Fmt 4703 Sfmt 4703 of State’s Office of Foreign Missions. Such prohibitions will take effect as of 11:00 a.m. Pacific Daylight Time on September 2, 2017. As a result, all persons on the said property are required to depart the premises no later than the date and time stated above. For purposes of this determination, 2790 Green Street, San Francisco, CA 94123, includes any buildings and/or improvements thereon and the land ancillary thereto. Access to the property will be subject to terms and conditions set forth by the Office of Foreign Missions. Rex W. Tillerson, Secretary of State. [FR Doc. 2017–20268 Filed 9–21–17; 8:45 am] BILLING CODE 4710–43–P DEPARTMENT OF STATE [Public Notice: 10133] Notice of Determinations; Culturally Significant Object Imported for Exhibition Determinations: Exhibition of ‘‘The Seine near Rouen’’ Object Notice is hereby given of the following determinations: I hereby determine that a certain object entitled ‘‘The Seine near Rouen,’’ imported from abroad for temporary exhibition within the United States, is of cultural significance. The object is imported pursuant to a loan agreement with the foreign owner or custodian. I also determine that the exhibition or display of the exhibit object at The J. Paul Getty Museum at the Getty Center, Los Angeles, California, from on or about October 1, 2017, until on or about February 28, 2018, and at possible additional exhibitions or venues yet to be determined, is in the national interest. SUMMARY: For further information, including information identifying the object, contact Elliot Chiu in the Office of the Legal Adviser, U.S. Department of State (telephone: 202–632–6471; email: section2459@state.gov). The mailing address is U.S. Department of State, L/PD, SA–5, Suite 5H03, Washington, DC 20522–0505. SUPPLEMENTARY INFORMATION: The foregoing determinations were made pursuant to the authority vested in me by the Act of October 19, 1965 (79 Stat. 985; 22 U.S.C. 2459), E.O. 12047 of March 27, 1978, the Foreign Affairs Reform and Restructuring Act of 1998 (112 Stat. 2681, et seq.; 22 U.S.C. 6501 note, et seq.), Delegation of Authority FOR FURTHER INFORMATION CONTACT: E:\FR\FM\22SEN1.SGM 22SEN1

Agencies

SECURITIES AND EXCHANGE COMMISSION

[Federal Register Volume 82, Number 183 (Friday, September 22, 2017)]
[Notices]
[Pages 44483-44484]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-20201]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-81641; 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 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

September 18, 2017.
    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

[[Page 44484]]

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\ The Commission 
has received no comments on the proposed rule change.
---------------------------------------------------------------------------

    \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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    Section 19(b)(2) of the Act \5\ 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 approved or 
disapproved. The 45th day after publication of the notice for this 
proposed rule change is September 23, 2017. The Commission is extending 
this 45-day time period.
---------------------------------------------------------------------------

    \5\ 15 U.S.C. 78s(b)(2).
---------------------------------------------------------------------------

    The Commission finds that it is appropriate to designate a longer 
period within which to take action on the proposed rule change so that 
the Commission has sufficient time to consider the proposed rule 
change. Accordingly, the Commission, pursuant to Section 19(b)(2) of 
the Act,\6\ designates November 7, 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 
Number SR-NYSE-2017-36).
---------------------------------------------------------------------------

    \6\ Id.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\7\
---------------------------------------------------------------------------

    \7\ 17 CFR 200.30-3(a)(31).
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Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017-20201 Filed 9-21-17; 8:45 am]
 BILLING CODE 8011-01-P

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