Self-Regulatory Organizations; NYSE MKT LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Amending Rule 900.3NY(w) and Rule 980NY(d)(1) to Delete the PNP Plus Designation for Electronic Complex Orders From Its Rules, 15829-15831 [2015-06713]

Download as PDF Federal Register / Vol. 80, No. 57 / Wednesday, March 25, 2015 / Notices For the Nuclear Regulatory Commission. Brian Wittick, Chief, Projects Branch 2, Division of Licenses Renewal, Office of Nuclear Reactor Regulation. [FR Doc. 2015–06878 Filed 3–24–15; 8:45 am] BILLING CODE 7590–01–P NUCLEAR REGULATORY COMMISSION Seeking Qualified Candidates for the Advisory Committee on Reactor Safeguards Nuclear Regulatory Commission. ACTION: Request for resumes. AGENCY: The U.S. Nuclear Regulatory Commission (NRC) seeks qualified candidates for the Advisory Committee on Reactor Safeguards (ACRS). DATES: Resumes will be accepted until June 23, 2015. ADDRESSES: Submit resumes to Ms. Kendra Freeland, ACRS, Mail Stop T2E26, U.S. Nuclear Regulatory Commission, Washington, DC 20555– 0001, or email Kendra.Freeland@ nrc.gov. SUPPLEMENTARY INFORMATION: The ACRS is a part-time advisory group, which is statutorily mandated by the Atomic Energy Act of 1954, as amended. ACRS provides independent expert advice on matters related to the safety of existing and proposed nuclear power plants and on the adequacy of proposed reactor safety standards. Of primary importance are the safety issues associated with the operation of 99 commercial nuclear power plants in the United States and regulatory initiatives, including riskinformed and performance-based regulation, license renewal, power uprates, and the use of mixed oxide and high burnup fuels. An increased emphasis is being given to safety issues associated with new reactor designs and technologies, including passive system reliability and thermal hydraulic phenomena, use of digital instrumentation and control, international codes and standards used in multinational design certifications, materials, and structural engineering, nuclear analysis and reactor core performance, and nuclear materials and radiation protection. In addition, the ACRS may be requested to provide advice on radiation protection, radioactive waste management, and earth sciences in the agency’s licensing reviews for fuel fabrication and enrichment facilities, and for waste disposal facilities. The ACRS also has some involvement in security matters rljohnson on DSK3VPTVN1PROD with NOTICES SUMMARY: VerDate Sep<11>2014 15:26 Mar 24, 2015 Jkt 235001 related to the integration of safety and security of commercial reactors. See the NRC Web site at https:// www.nrc.gov/aboutnrc/regulatory/ advisory/acrs.html for additional information about the ACRS. Criteria used to evaluate candidates include education and experience, demonstrated skills in nuclear reactor safety matters, the ability to solve complex technical problems, and the ability to work collegially on a board, panel, or committee. The Commission, in selecting its Committee members, also considers the need for specific expertise to accomplish the work expected to be before the ACRS. ACRS Committee members are appointed for four-year terms with no term limits. The Commission looks to fill two vacancies as a result of this request. For this position, a candidate must have at least 20 years of broad experience and a distinguished record of achievement in one or more areas of nuclear science and technology or related engineering disciplines. Candidates with pertinent graduate level experience will be given additional consideration. Consistent with the requirements of the Federal Advisory Committee Act, the Commission seeks candidates with diverse backgrounds, so that the membership on the Committee is fairly balanced in terms of the points of view represented and functions to be performed by the Committee. Candidates will undergo a thorough security background check to obtain the security clearance that is mandatory for all ACRS members. The security background check will involve the completion and submission of paperwork to the NRC. Candidates for ACRS appointments may be involved in or have financial interests related to NRC-regulated aspects of the nuclear industry. However, because conflict-ofinterest considerations may restrict the participation of a candidate in ACRS activities, the degree and nature of any such restriction on an individual’s activities as a member will be considered in the selection process. Each qualified candidate’s financial interests must be reconciled with applicable Federal and NRC rules and regulations prior to final appointment. This might require divestiture of securities or discontinuance of certain contracts or grants. Information regarding these restrictions will be provided upon request. As a part of the Stop Trading on Congressional Knowledge Act of 2012, which bans insider trading by members of Congress, their staff, and other high-level federal employees, candidates for appointments PO 00000 Frm 00088 Fmt 4703 Sfmt 4703 15829 will be required to disclose additional financial transactions. A resume describing the educational and professional background of the candidate, including any special accomplishments, publications, and professional references should be provided. Candidates should provide their current address, telephone number, and email address. All candidates will receive careful consideration. Appointment will be made without regard to factors such as race, color, religion, national origin, sex, age, or disabilities. Candidates must be citizens of the United States and be able to devote approximately 100 days per year to Committee business, but may not be compensated for more than 130 calendar days. Resumes will be accepted until June 23, 2015. Dated at Rockville, Maryland, this 18th day of March, 2015. For the Nuclear Regulatory Commission. Annette L. Vietti-Cook, Secretary of the Commission. [FR Doc. 2015–06875 Filed 3–24–15; 8:45 am] BILLING CODE 7590–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–74535; File No. SR– NYSEMKT–2015–18] Self-Regulatory Organizations; NYSE MKT LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Amending Rule 900.3NY(w) and Rule 980NY(d)(1) to Delete the PNP Plus Designation for Electronic Complex Orders From Its Rules March 19, 2015. Pursuant to Section 19(b)(1) 1 of the Securities Exchange Act of 1934 (the ‘‘Act’’) 2 and Rule 19b–4 thereunder,3 notice is hereby given that on March 12, 2015, NYSE MKT LLC (the ‘‘Exchange’’ or ‘‘NYSE MKT’’) filed with the Securities and Exchange Commission (the ‘‘Commission’’) the proposed rule change as described in Items I and II below, which Items have been prepared by the self-regulatory organization. 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). U.S.C. 78a. 3 17 CFR 240.19b–4. 2 15 E:\FR\FM\25MRN1.SGM 25MRN1 15830 Federal Register / Vol. 80, No. 57 / Wednesday, March 25, 2015 / Notices I. Self-Regulatory Organization’s Statement of the Terms of Substance of the Proposed Rule Change The Exchange proposes to amend Rule 900.3NY(w) (Orders Defined) and Rule 980NY(d)(1) (Complex Order Trading) to delete the PNP Plus designation for Electronic Complex Orders from its rules. The text of the proposed rule change is available on the Exchange’s Web site at www.nyse.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 self-regulatory organization 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 those 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 parts of such statements. A. Self-Regulatory Organization’s Statement of the Purpose of, and the Statutory Basis for, the Proposed Rule Change rljohnson on DSK3VPTVN1PROD with NOTICES 1. Purpose The Exchange proposes to amend Rule 900.3NY(w) and Rule 980NY(d)(1) to delete the PNP Plus designation for Electronic Complex Orders from its rules. PNP Plus Orders The PNP Plus order type was designed to provide ATP Holders with additional processing capability in order to control the circumstances under which their Electronic Complex Orders are executed. However, due to little demand for PNP Plus orders, the Exchange proposes to discontinue functionality supporting the order type. Pursuant to Rule 900.3NY(w), an Electronic Complex Order designated as PNP Plus (‘‘PNP Plus’’) is automatically re-priced by the Exchange at an MPV greater (less than) the contra-side Complex BBO (as defined in Rule 900.2NY(7)) for any or all of the order that remains unexecuted and would otherwise lock or cross the Complex BBO should it be displayed in the Consolidated Book. The re-priced PNP Plus is then posted in the Consolidated Book. The Electronic Complex Order designated as PNP Plus continues to be re-priced at an MPV greater (less than) VerDate Sep<11>2014 15:26 Mar 24, 2015 Jkt 235001 than the Complex BBO and re-posted in the Consolidated Book, with each change in the Complex BBO, until such time as the Complex BBO has moved to a price where the original limit price of the order no longer locks or crosses the Complex BBO, at which time the Electronic Complex Order designated as PNP Plus will revert to its original limit price. PNP Plus orders are ranked in the Consolidated Book pursuant to Rule 980NY(b) and assigned a new price time priority as of the time of each re-posting. Given the lack of demand for PNP Plus orders, the Exchange proposes to decommission the order type and delete the definition of PNP Plus from Rule 900.3NY(w). The Exchange proposes to hold Rule 900.3NY(w) as Reserved. Similarly, the Exchange proposes to delete the reference to ‘‘Limit Orders designated as PNP Plus’’ from Rule 980NY(d)(1) regarding the types of allowable Electronic Complex Orders. As proposed Rule 980NY(d)(1) would state that ‘‘Electronic Complex Order must be designated as Limit Orders.’’ The Exchange believes the proposed change would assist with the maintenance of fair and orderly markets because it would reduce the complexity of order types available to market participants and would help clarify the nature of order types available for trading on the Exchange. Implementation The Exchange will announce the implementation date of this change through a Trader Update. 2. Statutory Basis The proposed rule change is consistent with Section 6(b) of the Securities Exchange Act of 1934 (the ‘‘Act’’),4 in general, and furthers the objectives of Section 6(b)(5),5 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, and to remove impediments to and perfect the mechanism of a free and open market and a national market system. Specifically, the Exchange believes that by eliminating a little-used order type the proposal would assist with the maintenance of fair and orderly markets because it would reduce the complexity of order types available to market participants, thereby adding transparency and clarity to the Exchange’s rules, and would help 4 15 5 15 PO 00000 U.S.C. 78f(b). U.S.C. 78f(b)(5). Frm 00089 Fmt 4703 clarify the nature of order types available for trading on the Exchange. The Exchange further believes that deleting an order type rarely used by investors also removes impediments to and perfects the mechanism of a free and open market by ensuring that members, regulators and the public can more easily navigate the Exchange’s rulebook and better understand the order types available for trading on the Exchange. Moreover, the Exchange believes that the elimination of the PNP Plus order type would simplify order processing and reduce the burden on system capacity, which the Exchange believes is consistent with promoting just and equitable principles of trade as well as protecting investors and the public interest. 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 that is not necessary or appropriate in furtherance of the purposes of the Act. Specifically, the Exchange believes that the proposed rule change would relieve a burden on competition by eliminating an order type and streamlining the Exchange’s rules. In doing so, the proposed rule change would also serve to promote regulatory clarity and consistency, thereby reducing burdens on the marketplace and facilitating investor protection. C. Self-Regulatory Organization’s Statement on Comments on the Proposed Rule Change Received From Members, Participants, or Others No written comments were solicited or received with respect to the proposed rule change. 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)(iii) of the Act 6 and Rule 19b–4(f)(6) thereunder.7 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, if consistent with the protection of investors and the public interest, the proposed rule change has become effective pursuant to Section 19(b)(3)(A) 6 15 7 17 Sfmt 4703 U.S.C. 78s(b)(3)(A)(iii). CFR 240.19b–4(f)(6). E:\FR\FM\25MRN1.SGM 25MRN1 Federal Register / Vol. 80, No. 57 / Wednesday, March 25, 2015 / Notices of the Act and Rule 19b–4(f)(6) thereunder.8 At any time within 60 days of the filing of such 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 under Section 19(b)(2)(B) of the Act 9 to determine whether the proposed rule change should be approved or disapproved. IV. Solicitation of Comments 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 NYSE’s principal office and on its Internet Web site at www.nyse.com. 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– NYSEMKT–2015–18 and should be submitted on or before April 15, 2015. 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: For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.10 Brent J. Fields, Secretary. Electronic Comments BILLING CODE 8011–01–P • 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– NYSEMKT–2015–18 on the subject line. Paper Comments rljohnson on DSK3VPTVN1PROD with NOTICES • Send paper comments in triplicate to Brent J. Fields, Secretary, Securities and Exchange Commission, 100 F Street NE., Washington, DC 20549–1090. All submissions should refer to File Number SR–NYSEMKT–2015–18. 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 8 17 CFR 240.19b–4(f)(6). As required under Rule 19b–4(f)(6)(iii), the Exchange provided the Commission with written notice of its intent to file the proposed rule change, along with a brief description and the 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. 9 15 U.S.C. 78s(b)(2)(B). VerDate Sep<11>2014 15:26 Mar 24, 2015 Jkt 235001 [FR Doc. 2015–06713 Filed 3–24–15; 8:45 am] SECURITIES AND EXCHANGE COMMISSION [Release No. 34–74533; File No. SR–Phlx– 2015–023] Self-Regulatory Organizations; NASDAQ OMX PHLX LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Updating to Certain Phlx Rules March 19, 2015. 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 March 12, 2015, NASDAQ OMX PHLX LLC (‘‘Phlx’’ or ‘‘Exchange’’) filed with the Securities and Exchange Commission (‘‘SEC’’ or ‘‘Commission’’) the proposed rule change as described in Items I, II, and III, below, which Items have been prepared by the Exchange. 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 Exchange proposes to amend Rules 50 entitled ‘‘Failure to Pay Dues, Fees and Other Charges;’’ 53, entitled ‘‘Liability for Dues Until Transfer or Military Service;’’ 99 entitled ‘‘Back-Up Trading Arrangements;’’ and 443 10 17 CFR 200.30–3(a)(12). U.S.C. 78s(b)(1). 2 17 CFR 240.19b–4. 1 15 PO 00000 Frm 00090 Fmt 4703 Sfmt 4703 15831 entitled ‘‘Employees.’’ The Exchange proposes to delete Rules 51 entitled ‘‘Enforcement of Capital Funding Fees;’’ 54 entitled ‘‘Service Fee;’’ 55 entitled ‘‘Claims by Formed or Deceased Members;’’ and 442 entitled ‘‘Communications.’’ The text of the proposed rule change is available on the Exchange’s Web site at https:// nasdaqomxphlx.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 this proposed rule change is to update certain Phlx rules related to the payment of fees to harmonize the Exchange’s Rulebook text and modernize Exchange rules. The Exchange proposes to amend rule text, make minor technical amendments to certain rules and to delete other rules. Each proposed rule change is discussed in greater detail below. Amendment to Certain Exchange Rules The Exchange proposes to amend Rule 50, entitled ‘‘Failure to Pay Dues, Fees and Other Charges.’’ The Exchange proposes to conform Rule 50(a) to NASDAQ Stock Market LLC (‘‘Nasdaq’’) Rule 9553 and NASDAQ OMX BX, Inc. (‘‘BX’’) Rule 9553(a). The Exchange is proposing to adopt rule text similar to Nasdaq Rule 9553 and BX Rule 9553 in place of the current rule text in Rule 50(a), (d) and (f). The Exchange is also proposing to modify the headers to match those of Nasdaq Rule 9553 and BX Rule 9553. The word ‘‘termination’’ in the Phlx rule is replaced with the word ‘‘cancellation or bar.’’ The Exchange’s amendments are not substantive in nature. The amendments E:\FR\FM\25MRN1.SGM 25MRN1

Agencies

SECURITIES AND EXCHANGE COMMISSION

[Federal Register Volume 80, Number 57 (Wednesday, March 25, 2015)]
[Notices]
[Pages 15829-15831]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2015-06713]


=======================================================================
-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-74535; File No. SR-NYSEMKT-2015-18]


Self-Regulatory Organizations; NYSE MKT LLC; Notice of Filing and 
Immediate Effectiveness of Proposed Rule Change Amending Rule 
900.3NY(w) and Rule 980NY(d)(1) to Delete the PNP Plus Designation for 
Electronic Complex Orders From Its Rules

March 19, 2015.
    Pursuant to Section 19(b)(1) \1\ of the Securities Exchange Act of 
1934 (the ``Act'') \2\ and Rule 19b-4 thereunder,\3\ notice is hereby 
given that on March 12, 2015, NYSE MKT LLC (the ``Exchange'' or ``NYSE 
MKT'') filed with the Securities and Exchange Commission (the 
``Commission'') the proposed rule change as described in Items I and II 
below, which Items have been prepared by the self-regulatory 
organization. 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\ 15 U.S.C. 78a.
    \3\ 17 CFR 240.19b-4.

---------------------------------------------------------------------------

[[Page 15830]]

I. Self-Regulatory Organization's Statement of the Terms of Substance 
of the Proposed Rule Change

    The Exchange proposes to amend Rule 900.3NY(w) (Orders Defined) and 
Rule 980NY(d)(1) (Complex Order Trading) to delete the PNP Plus 
designation for Electronic Complex Orders from its rules. The text of 
the proposed rule change is available on the Exchange's Web site at 
www.nyse.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 self-regulatory organization 
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 those 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 parts of such statements.

A. Self-Regulatory Organization's Statement of the Purpose of, and the 
Statutory Basis for, the Proposed Rule Change

1. Purpose
    The Exchange proposes to amend Rule 900.3NY(w) and Rule 980NY(d)(1) 
to delete the PNP Plus designation for Electronic Complex Orders from 
its rules.
PNP Plus Orders
    The PNP Plus order type was designed to provide ATP Holders with 
additional processing capability in order to control the circumstances 
under which their Electronic Complex Orders are executed. However, due 
to little demand for PNP Plus orders, the Exchange proposes to 
discontinue functionality supporting the order type.
    Pursuant to Rule 900.3NY(w), an Electronic Complex Order designated 
as PNP Plus (``PNP Plus'') is automatically re-priced by the Exchange 
at an MPV greater (less than) the contra-side Complex BBO (as defined 
in Rule 900.2NY(7)) for any or all of the order that remains unexecuted 
and would otherwise lock or cross the Complex BBO should it be 
displayed in the Consolidated Book. The re-priced PNP Plus is then 
posted in the Consolidated Book. The Electronic Complex Order 
designated as PNP Plus continues to be re-priced at an MPV greater 
(less than) than the Complex BBO and re-posted in the Consolidated 
Book, with each change in the Complex BBO, until such time as the 
Complex BBO has moved to a price where the original limit price of the 
order no longer locks or crosses the Complex BBO, at which time the 
Electronic Complex Order designated as PNP Plus will revert to its 
original limit price. PNP Plus orders are ranked in the Consolidated 
Book pursuant to Rule 980NY(b) and assigned a new price time priority 
as of the time of each re-posting.
    Given the lack of demand for PNP Plus orders, the Exchange proposes 
to decommission the order type and delete the definition of PNP Plus 
from Rule 900.3NY(w). The Exchange proposes to hold Rule 900.3NY(w) as 
Reserved. Similarly, the Exchange proposes to delete the reference to 
``Limit Orders designated as PNP Plus'' from Rule 980NY(d)(1) regarding 
the types of allowable Electronic Complex Orders. As proposed Rule 
980NY(d)(1) would state that ``Electronic Complex Order must be 
designated as Limit Orders.''
    The Exchange believes the proposed change would assist with the 
maintenance of fair and orderly markets because it would reduce the 
complexity of order types available to market participants and would 
help clarify the nature of order types available for trading on the 
Exchange.
Implementation
    The Exchange will announce the implementation date of this change 
through a Trader Update.
2. Statutory Basis
    The proposed rule change is consistent with Section 6(b) of the 
Securities Exchange Act of 1934 (the ``Act''),\4\ in general, and 
furthers the objectives of Section 6(b)(5),\5\ 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, and to remove impediments to and perfect 
the mechanism of a free and open market and a national market system. 
Specifically, the Exchange believes that by eliminating a little-used 
order type the proposal would assist with the maintenance of fair and 
orderly markets because it would reduce the complexity of order types 
available to market participants, thereby adding transparency and 
clarity to the Exchange's rules, and would help clarify the nature of 
order types available for trading on the Exchange. The Exchange further 
believes that deleting an order type rarely used by investors also 
removes impediments to and perfects the mechanism of a free and open 
market by ensuring that members, regulators and the public can more 
easily navigate the Exchange's rulebook and better understand the order 
types available for trading on the Exchange. Moreover, the Exchange 
believes that the elimination of the PNP Plus order type would simplify 
order processing and reduce the burden on system capacity, which the 
Exchange believes is consistent with promoting just and equitable 
principles of trade as well as protecting investors and the public 
interest.
---------------------------------------------------------------------------

    \4\ 15 U.S.C. 78f(b).
    \5\ 15 U.S.C. 78f(b)(5).
---------------------------------------------------------------------------

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 that is not necessary or appropriate 
in furtherance of the purposes of the Act. Specifically, the Exchange 
believes that the proposed rule change would relieve a burden on 
competition by eliminating an order type and streamlining the 
Exchange's rules. In doing so, the proposed rule change would also 
serve to promote regulatory clarity and consistency, thereby reducing 
burdens on the marketplace and facilitating investor protection.

C. Self-Regulatory Organization's Statement on Comments on the Proposed 
Rule Change Received From Members, Participants, or Others

    No written comments were solicited or received with respect to the 
proposed rule change.

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)(iii) of the Act \6\ and Rule 19b-4(f)(6) thereunder.\7\ 
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, if consistent with the protection of 
investors and the public interest, the proposed rule change has become 
effective pursuant to Section 19(b)(3)(A)

[[Page 15831]]

of the Act and Rule 19b-4(f)(6) thereunder.\8\
---------------------------------------------------------------------------

    \6\ 15 U.S.C. 78s(b)(3)(A)(iii).
    \7\ 17 CFR 240.19b-4(f)(6).
    \8\ 17 CFR 240.19b-4(f)(6). As required under Rule 19b-
4(f)(6)(iii), the Exchange provided the Commission with written 
notice of its intent to file the proposed rule change, along with a 
brief description and the 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.
---------------------------------------------------------------------------

    At any time within 60 days of the filing of such 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 under 
Section 19(b)(2)(B) of the Act \9\ to determine whether the proposed 
rule change should be approved or disapproved.
---------------------------------------------------------------------------

    \9\ 15 U.S.C. 78s(b)(2)(B).
---------------------------------------------------------------------------

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-NYSEMKT-2015-18 on the subject line.

Paper Comments

     Send paper comments in triplicate to Brent J. Fields, 
Secretary, Securities and Exchange Commission, 100 F Street NE., 
Washington, DC 20549-1090.

All submissions should refer to File Number SR-NYSEMKT-2015-18. 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 NYSE's principal office and on its 
Internet Web site at www.nyse.com. 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-NYSEMKT-2015-18 and should be submitted on or before 
April 15, 2015.
---------------------------------------------------------------------------

    \10\ 17 CFR 200.30-3(a)(12).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\10\
Brent J. Fields,
Secretary.
[FR Doc. 2015-06713 Filed 3-24-15; 8:45 am]
 BILLING CODE 8011-01-P

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