Self-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Relating to Exercise Limits, 35602-35604 [2014-14537]
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emcdonald on DSK67QTVN1PROD with NOTICES
35602
Federal Register / Vol. 79, No. 120 / Monday, June 23, 2014 / Notices
Exchange’s existing rules governing the
trading of equity securities.
(2) The Shares will be subject to Rule
5735, which sets forth the initial and
continued listing criteria applicable to
Managed Fund Shares.
(3) The Exchange has appropriate
rules to facilitate transactions in the
Shares during all trading sessions.
(4) Prior to the commencement of
trading, the Exchange will inform its
members in an Information Circular of
the special characteristics and risks
associated with trading the Shares.
Specifically, the Information Circular
will discuss the following: (a) The
procedures for purchases and
redemptions of Shares in Creation Units
(and that Shares are not individually
redeemable); (b) Nasdaq Rule 2111A,
which imposes suitability obligations on
Nasdaq members with respect to
recommending transactions in the
Shares to customers; (c) how
information regarding the Intraday
Indicative Value is disseminated; (d) the
risks involved in trading the Shares
during the Pre-Market and Post-Market
Sessions when an updated Intraday
Indicative Value will not be calculated
or publicly disseminated; (e) the
requirement that members deliver a
prospectus to investors purchasing
newly issued Shares prior to or
concurrently with the confirmation of a
transaction; and (f) trading information.
(5) Trading in the Shares will be
subject to the existing trading
surveillances, administered by both
Nasdaq and FINRA,35 on behalf of the
Exchange, which are designed to detect
violations of Exchange rules and
applicable federal securities laws, and
these procedures are adequate to
properly monitor Exchange trading of
the Shares in all trading sessions and to
deter and detect violations of Exchange
rules and applicable federal securities
laws.
(6) Not more than 10% of the net
assets of the Fund, in the aggregate, will
be invested in: (a) Unlisted or
unsponsored Depositary Receipts; (b)
Depositary Receipts not listed on an
exchange that is not a member of ISG or
a party to a comprehensive surveillance
sharing agreement with the Exchange; or
(c) unlisted common stocks or common
stocks not listed on an exchange that is
a member of the ISG or a party to a
comprehensive surveillance sharing
agreement with the Exchange. In
addition, all futures and options held by
the Fund will be listed on an exchange
35 According to the Exchange, FINRA surveils
trading on the Exchange pursuant to a regulatory
services agreement. The Exchange is responsible for
FINRA’s performance under this regulatory services
agreement. See Notice, supra note 3 at 26794.
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that is a member of the ISG or a party
to a comprehensive surveillance sharing
agreement with the Exchange.
(7) For initial and continued listing,
the Fund must be in compliance with
Rule 10A–3 under the Exchange Act.36
(8) A minimum of 100,000 Shares will
be outstanding at the commencement of
trading on the Exchange.
(9) The Fund will invest at least 80%
of its assets under normal market
conditions in U.S. exchange-listed
equity securities. The Fund will invest
primarily in companies with market
capitalization of greater than $1 billion
that the Adviser believes offer the best
opportunities for growth. The Fund may
invest up to 25% of its assets in foreign
securities.
(10) The Fund may hold up to an
aggregate amount of 15% of its net
assets in illiquid assets (calculated at
the time of investment); will monitor its
portfolio liquidity on an ongoing basis
to determine whether, in light of current
circumstances, an adequate level of
liquidity is being maintained; and will
consider taking appropriate steps in
order to maintain adequate liquidity if,
through a change in values, net assets,
or other circumstances, more than 15%
of the Fund’s net assets are held in
illiquid assets.
(11) The Fund does not intend to use
its other investments to create a
leveraged return on the Fund’s portfolio.
(12) The Fund’s investments will be
consistent with the Fund’s investment
objective.
This approval order is based on all of
the Exchange’s representations and
description of the Fund, including those
set forth above and in the Notice.
IV. Conclusion
It is therefore ordered, pursuant to
Section 19(b)(2) of the Act,37 that the
proposed rule change (SR–NASDAQ–
2014–040), be, and it hereby is,
approved.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.38
Kevin M. O’Neill,
Deputy Secretary.
[FR Doc. 2014–14541 Filed 6–20–14; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–72407; File No. SR–
NASDAQ–2014–064]
Self-Regulatory Organizations; The
NASDAQ Stock Market LLC; Notice of
Filing and Immediate Effectiveness of
Proposed Rule Change Relating to
Exercise Limits
June 17, 2014.
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 June 11,
2014, The NASDAQ Stock Market LLC
(‘‘NASDAQ’’ or ‘‘Exchange’’) filed with
the Securities and Exchange
Commission (‘‘SEC’’ or ‘‘Commission’’)
the proposed rule change as described
in Items I and II, below, which Items
have been prepared by NASDAQ. The
Commission is publishing this notice to
solicit comments on the proposed rule
change from interested persons.
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
NASDAQ proposes to correct rule text
related to a NASDAQ Options Market
(‘‘NOM’’) Rule at Chapter III, Section 9,
pertaining to Exercise Limits.
The text of the proposed rule change
is available on the Exchange’s Web site
at https://
www.nasdaq.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 purpose of the proposed rule
change is to amend an error in rule text
36 17
CFR 240.10A–3.
U.S.C. 78s(b)(2).
38 17 CFR 200.30–3(a)(12).
37 15
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2 17
E:\FR\FM\23JNN1.SGM
U.S.C. 78s(b)(1).
CFR 240.19b–4.
23JNN1
Federal Register / Vol. 79, No. 120 / Monday, June 23, 2014 / Notices
in Chapter III, Section 9 (Exercise
Limits) that was inadvertently inserted
into a recent rule change.3 The
Exchange recently amended rules
pertaining to the trading of options
overlying NASDAQ OMX PHLX LLC
(‘‘Phlx’’) proprietary indexes and Phlx
U.S. Dollar-Settled Foreign Currencies
on NOM.4 Specifically, the Exchange
amended the exercise rules at Section 9
of Chapter III to provide that, ‘‘no
Options Participant shall exercise, for
any account in which it has an interest
or for the account of any Customer, a
long position in any options contract
where such Options Participant or
Customer, acting alone or in concert
with others, directly or indirectly, has or
will have . . . exceed the applicable
position limit fixed from time-to-time by
PHLX with respect to U.S. DollarSettled Foreign Currency Options.’’ 5
The word ‘‘position’’ should have
instead referred to ‘‘exercise’’ because
the rule is applicable to exercise limits.
The Exchange is proposing to correct
this error in rule text to avoid confusion.
Additionally, the Exchange is
proposing to amend the word ‘‘exceed’’
in two places in the rule to ‘‘exceeded’’
for consistency.
emcdonald on DSK67QTVN1PROD with NOTICES
2. Statutory Basis
The Exchange believes that its
proposal is consistent with Section 6(b)
of the Act 6 in general, and furthers the
objectives of Section 6(b)(5) of the Act 7
in particular, in that it is designed to
prevent fraudulent and manipulative
acts and practices, to promote just and
equitable principles of trade, to foster
cooperation and coordination with
persons engaged in facilitating
transactions in securities, 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 Exchange believes that correcting
the error in the rule text will make the
rule clear to Participants. The insertion
of the word ‘‘position’’ was in error as
the rule relates to exercise limits. The
Exchange’s proposal to amend the word
to ‘‘exercise’’ will correct this error.
Also, amending the words ‘‘exceed’’ to
‘‘exceeded’’ within the rule text will
conform the wording in the rule for
clarity.
3 See Securities Exchange Act Release No. 71978
(April 21, 2014), 79 FR 23036 (April 25, 2014) (SR–
NASDAQ–2014–039).
4 Id.
5 Id.
6 15 U.S.C. 78f(b).
7 15 U.S.C. 78f(b)(5).
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B. Self-Regulatory Organization’s
Statement on Burden on Competition
The proposed rule change does not
impose any burden on competition that
is not necessary or appropriate in
furtherance of the purposes of the Act.
The proposed rule change seeks to
correct an error in rule text and make
other clarifying changes to conform rule
text to avoid confusion.
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
The Exchange has filed the proposed
rule change pursuant to Section
19(b)(3)(A) of the Act 8 and Rule 19b–
4(f)(6) thereunder.9 Because the
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
prior to 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) of the Act 10 and Rule 19b–
4(f)(6) thereunder.11
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: Necessary or appropriate in
the public interest, for the protection of
investors, or 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. The
Exchange has provided the Commission
written notice of its 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.
8 15
U.S.C. 78s(b)(3)(A).
CFR 240.19b–4(f)(6).
10 15 U.S.C. 78s(b)(3)(A).
11 17 CFR 240.19b–4(f)(6). In addition, Rule 19b–
4(f)(6) 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.
9 17
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35603
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–
NASDAQ–2014–064 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–NASDAQ–2014–064. 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/
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–NASDAQ–2014–064 and
should be submitted on or before July
14, 2014.
E:\FR\FM\23JNN1.SGM
23JNN1
35604
Federal Register / Vol. 79, No. 120 / Monday, June 23, 2014 / Notices
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.12
Kevin M. O’Neill,
Deputy Secretary.
[FR Doc. 2014–14537 Filed 6–20–14; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–72405; File No. SR–ICEEU–
2014–08]
Self-Regulatory Organizations; ICE
Clear Europe Limited; Notice of Filing
and Immediate Effectiveness of
Proposed Rule Change Relating to
Clearance of New Energy Futures and
Options Contracts
June 17, 2014.
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 June 5,
2014, ICE Clear Europe Limited (‘‘ICE
Clear Europe’’) filed with the Securities
and Exchange Commission
(‘‘Commission’’) the proposed rule
changes described in Items I, II and III
below, which Items have been prepared
primarily by ICE Clear Europe. The
Commission is publishing this notice to
solicit comments on the proposed rule
change from interested persons.
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
The principal purpose of the change
is to modify certain aspects of the ICE
Clear Europe Delivery Procedures in
connection with the launch by the ICE
Endex market of three energy futures
and options contracts that will be
cleared by ICE Clear Europe: The
German Power Base Load Futures
Contract, German Power Peak Load
Futures Contract, and German Power
Base Load Option Contract (the
‘‘German Power Contracts’’).
emcdonald on DSK67QTVN1PROD with NOTICES
II. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
In its filing with the Commission, ICE
Clear Europe 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. ICE
CFR 200.30–3(a)(12).
U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
Clear Europe has prepared summaries,
set forth in sections A, B, and C below,
of the most significant aspects of these
statements.
A. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
The purpose of the rule amendments
is to modify certain aspects of the ICE
Clear Europe Delivery Procedures in
connection with the launch by the ICE
Endex market of the German Power
Contracts that will be cleared by ICE
Clear Europe. ICE Clear Europe does not
otherwise propose to amend its clearing
rules or procedures in connection with
the German Power Contracts.
The amendments adopt a new Part J
of the Delivery Procedures applicable to
the German Power Contracts in the case
of physical delivery under a futures
contract. The amendments provide,
among other matters, specifications for
delivery of power under a German
Power Contract through scheduling with
the relevant transmission system
operator (‘‘TSO’’), including relevant
definitions and a detailed delivery
timetable for the contracts. The
amendments also address invoicing and
payment for delivery and certain
limitations on liability of the Clearing
House for performance or nonperformance by the relevant TSO. The
amendments provide for calculation by
the clearing house of buyer’s and seller’s
security to cover delivery obligations
and related liabilities, costs or charges,
as well as procedures to address failed
deliveries. The revised procedures also
outline various documentation
requirements for the relevant parties.
In addition, changes are made to
paragraph 5.1 of the Delivery
Procedures to include the German
Power Contracts as well as certain other
natural gas and power futures as
contracts for which parties may
nominate transferors and transferees to
make and take delivery. Part H of the
Delivery Procedures has also been
removed as the relevant contract moved
from trading on the ICE Futures
exchange to the ICE Endex exchange
and is now covered by Part G of the
Delivery Procedures.
ICE Clear Europe believes that the
changes described herein are consistent
with the requirements of Section 17A of
the Act 3 and the regulations thereunder
applicable to it, including the standards
under Rule 17Ad–22,4 and are
consistent with the prompt and accurate
clearance of and settlement of securities
transactions and, to the extent
applicable, derivative agreements,
contracts and transactions, the
safeguarding of securities and funds in
the custody or control of ICE Clear
Europe or for which it is responsible
and the protection of investors and the
public interest, within the meaning of
Section 17A(b)(3)(F) of the Act.5 The
German Power Contracts have similar
characteristics to other ICE Endex and
ICE Futures Europe energy contracts
currently cleared by ICE Clear Europe,
and ICE Clear Europe believes that its
existing financial resources, risk
management, systems and operational
arrangements are sufficient to support
clearing of such products (and address
physical delivery under such contracts).
Specifically, ICE Clear Europe
believes that it will be able to manage
the risks associated with acceptance of
the German Power Contracts for clearing
and physical delivery in such contracts.
The German Power Contracts present a
similar risk profile to other ICE Endex
contracts currently cleared by ICE Clear
Europe, and ICE Clear Europe believes
that its existing risk management and
margin framework is sufficient for
purposes of risk management of the
German Power Contracts and related
deliveries.
Similarly, ICE Clear Europe has
established appropriate standards for
determining the eligibility of contracts
submitted to the clearinghouse for
clearing, and ICE Clear Europe believes
that its existing systems are
appropriately scalable to handle the
German Power Contracts, which are
generally similar from an operational
perspective to the other ICE Endex
power contracts currently cleared by
ICE Clear Europe.
For the reasons noted above, ICE Clear
Europe believes that the proposed rule
changes are consistent with the
requirements of Section 17A of the Act 6
and regulations thereunder applicable to
it.
B. Self-Regulatory Organization’s
Statement on Burden on Competition
ICE Clear Europe does not believe the
proposed changes to the rules would
have any impact, or impose any burden,
on competition not necessary or
appropriate in furtherance of the Act.
ICE Clear Europe is adopting the
amendments to the Delivery Procedures
in connection with the listing of new
contracts for trading on the ICE Endex
market. ICE Clear Europe believes that
such contracts will provide additional
opportunities for interested market
12 17
1 15
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CFR 240.17Ad–22.
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U.S.C. 78q–1(b)(3)(F).
U.S.C. 78q–1.
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]]>Agencies
[Federal Register Volume 79, Number 120 (Monday, June 23, 2014)]
[Notices]
[Pages 35602-35604]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-14537]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-72407; File No. SR-NASDAQ-2014-064]
Self-Regulatory Organizations; The NASDAQ Stock Market LLC;
Notice of Filing and Immediate Effectiveness of Proposed Rule Change
Relating to Exercise Limits
June 17, 2014.
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 June 11, 2014, The NASDAQ Stock Market LLC (``NASDAQ'' or
``Exchange'') filed with the Securities and Exchange Commission
(``SEC'' or ``Commission'') the proposed rule change as described in
Items I and II, below, which Items have been prepared by NASDAQ. 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
NASDAQ proposes to correct rule text related to a NASDAQ Options
Market (``NOM'') Rule at Chapter III, Section 9, pertaining to Exercise
Limits.
The text of the proposed rule change is available on the Exchange's
Web site at https://www.nasdaq.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 purpose of the proposed rule change is to amend an error in
rule text
[[Page 35603]]
in Chapter III, Section 9 (Exercise Limits) that was inadvertently
inserted into a recent rule change.\3\ The Exchange recently amended
rules pertaining to the trading of options overlying NASDAQ OMX PHLX
LLC (``Phlx'') proprietary indexes and Phlx U.S. Dollar-Settled Foreign
Currencies on NOM.\4\ Specifically, the Exchange amended the exercise
rules at Section 9 of Chapter III to provide that, ``no Options
Participant shall exercise, for any account in which it has an interest
or for the account of any Customer, a long position in any options
contract where such Options Participant or Customer, acting alone or in
concert with others, directly or indirectly, has or will have . . .
exceed the applicable position limit fixed from time-to-time by PHLX
with respect to U.S. Dollar-Settled Foreign Currency Options.'' \5\ The
word ``position'' should have instead referred to ``exercise'' because
the rule is applicable to exercise limits. The Exchange is proposing to
correct this error in rule text to avoid confusion.
---------------------------------------------------------------------------
\3\ See Securities Exchange Act Release No. 71978 (April 21,
2014), 79 FR 23036 (April 25, 2014) (SR-NASDAQ-2014-039).
\4\ Id.
\5\ Id.
---------------------------------------------------------------------------
Additionally, the Exchange is proposing to amend the word
``exceed'' in two places in the rule to ``exceeded'' for consistency.
2. Statutory Basis
The Exchange believes that its proposal is consistent with Section
6(b) of the Act \6\ in general, and furthers the objectives of Section
6(b)(5) of the Act \7\ in particular, in that it is designed to prevent
fraudulent and manipulative acts and practices, to promote just and
equitable principles of trade, to foster cooperation and coordination
with persons engaged in facilitating transactions in securities, 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.
---------------------------------------------------------------------------
\6\ 15 U.S.C. 78f(b).
\7\ 15 U.S.C. 78f(b)(5).
---------------------------------------------------------------------------
The Exchange believes that correcting the error in the rule text
will make the rule clear to Participants. The insertion of the word
``position'' was in error as the rule relates to exercise limits. The
Exchange's proposal to amend the word to ``exercise'' will correct this
error. Also, amending the words ``exceed'' to ``exceeded'' within the
rule text will conform the wording in the rule for clarity.
B. Self-Regulatory Organization's Statement on Burden on Competition
The proposed rule change does not impose any burden on competition
that is not necessary or appropriate in furtherance of the purposes of
the Act. The proposed rule change seeks to correct an error in rule
text and make other clarifying changes to conform rule text to avoid
confusion.
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
The Exchange has filed the proposed rule change pursuant to Section
19(b)(3)(A) of the Act \8\ and Rule 19b-4(f)(6) thereunder.\9\ Because
the 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 prior to
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) of the Act \10\ and Rule 19b-4(f)(6)
thereunder.\11\
---------------------------------------------------------------------------
\8\ 15 U.S.C. 78s(b)(3)(A).
\9\ 17 CFR 240.19b-4(f)(6).
\10\ 15 U.S.C. 78s(b)(3)(A).
\11\ 17 CFR 240.19b-4(f)(6). In addition, Rule 19b-4(f)(6)
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.
---------------------------------------------------------------------------
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: Necessary
or appropriate in the public interest, for the protection of investors,
or 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. The Exchange has provided the Commission written notice
of its 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.
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-NASDAQ-2014-064 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-NASDAQ-2014-064. 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/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-NASDAQ-2014-064 and
should be submitted on or before July 14, 2014.
[[Page 35604]]
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\12\
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\12\ 17 CFR 200.30-3(a)(12).
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Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2014-14537 Filed 6-20-14; 8:45 am]
BILLING CODE 8011-01-P
