MIAX PEARL, LLC; Notice of Filing of Application for Registration as a National Securities Exchange Under Section 6 of the Securities Exchange Act of 1934, 63238 [2016-22034]

Download as PDF 63238 Federal Register / Vol. 81, No. 178 / Wednesday, September 14, 2016 / Notices SECURITIES AND EXCHANGE COMMISSION [Release No. 34–78793; File No. 10–227] MIAX PEARL, LLC; Notice of Filing of Application for Registration as a National Securities Exchange Under Section 6 of the Securities Exchange Act of 1934 asabaliauskas on DSK3SPTVN1PROD with NOTICES September 8, 2016. On August 12, 2016, MIAX PEARL, LLC (‘‘PEARL’’ or ‘‘Applicant’’) submitted to the Securities and Exchange Commission (‘‘Commission’’) a Form 1 application under the Securities Exchange Act of 1934 (‘‘Exchange Act’’), seeking registration as a national securities exchange under Section 6 of the Exchange Act. The Commission is publishing this notice to solicit comments on PEARL’s Form 1 application. The Commission will take any comments it receives into consideration in making its determination about whether to grant PEARL’s application to be registered as a national securities exchange. The Commission will grant the registration if it finds that the requirements of the Exchange Act and the rules and regulations thereunder with respect to PEARL are satisfied.1 The Applicant’s Form 1 application provides detailed information on how PEARL proposes to satisfy the requirements of the Exchange Act. The Form 1 application provides that PEARL would operate a fully automated electronic trading platform for the trading of listed options and would not maintain a physical trading floor. It also provides that liquidity would be derived from orders to buy and orders to sell submitted to PEARL electronically by its registered broker-dealer members, as well as from quotes submitted electronically by member market makers. Further, PEARL is whollyowned by its parent company, Miami International Holdings, Inc. (‘‘Miami Holdings’’), which is also the parent company of an existing national securities exchange, Miami International Securities Exchange, LLC. A more detailed description of the manner of operation of PEARL’s proposed system can be found in Exhibit E to PEARL’s Form 1 application. The proposed rulebook for the proposed exchange can be found in Exhibit B to PEARL’s Form 1 application, and the governing documents for both PEARL and Miami Holdings can be found in Exhibit A and Exhibit C to PEARL’s Form 1 application, respectively. A listing of 1 15 U.S.C. 78s(a). VerDate Sep<11>2014 20:55 Sep 13, 2016 Jkt 238001 the officers and directors of PEARL can be found in Exhibit J to PEARL’s Form 1 application. PEARL’s Form 1 application, including all of the Exhibits referenced above, is available online at www.sec.gov/rules/other.shtml as well as in the Commission’s Public Reference Room. Interested persons are invited to submit written data, views, and arguments concerning PEARL’s Form 1, including whether the application is consistent with the Exchange 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 10– 227 on the subject line. Paper Comments All submissions should refer to File Number 10–227. 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/other.shtml). Copies of the submission, all subsequent amendments, all written statements with respect to PEARL’s Form 1 filed with the Commission, and all written communications relating to the application 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. 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 publicly available. All submissions should refer to File Number 10–227 and should be submitted on or before October 31, 2016. Frm 00073 Fmt 4703 [FR Doc. 2016–22034 Filed 9–13–16; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Investment Company Act Release No. 32254; 812–13889] Advisors Series Trust and Orinda Asset Management, LLC; Notice of Intention To Rescind an Order September 8, 2016. Securities and Exchange Commission (‘‘Commission’’). ACTION: Notice of the Commission’s intention to rescind an order pursuant to section 38(a) of the Investment Company Act of 1940 (‘‘Act’’). AGENCY: At the request of Advisors Series Trust (‘‘AST’’) and Orinda Asset Management, LLC (‘‘Orinda,’’ and together, the ‘‘Applicants’’), the Commission intends to rescind an order previously issued to Applicants under section 6(c) of the Act that granted an exemption from section 15(a) of the Act and rule 18f–2 under the Act, as well as from certain disclosure requirements.1 Hearing or Notification of Hearing: An order rescinding the Prior Order will be issued unless the Commission orders a hearing. Interested persons may request a hearing by writing to the Commission’s Secretary and serving Applicants with a copy of the request, personally or by mail. Hearing requests should be received by the Commission by 5:30 p.m. on October 3, 2016 and should be accompanied by proof of service on the Applicants, in the form of an affidavit, or, for lawyers, a certificate of service. Pursuant to rule 0– 5 under the Act, hearing requests should state the nature of the writer’s interest, any facts bearing upon the desirability of a hearing on the matter, the reason for the request, and the issues contested. Persons who wish to be notified of a hearing may request notification by writing to the Commission’s Secretary. ADDRESSES: Secretary, U.S. Securities and Exchange Commission, 100 F Street NE., Washington, DC 20549–1090. Applicants, Advisors Series Trust, 615 East Michigan Street, Milwaukee, WI SUMMARY: • Send paper comments in triplicate to Secretary, Securities and Exchange Commission, 100 F Street, NE., Washington, DC 20549–1090. PO 00000 For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.2 Brent J. Fields, Secretary. Sfmt 4703 2 17 CFR 200.30–3(a)(71)(i). Series Trust and Orinda Asset Management, LLC, Investment Company Act Release Nos. 30043 (April 23, 2012) (notice) and 30065 (May 21, 2012) (order) (‘‘Prior Order’’). 1 Advisors E:\FR\FM\14SEN1.SGM 14SEN1

Agencies

SECURITIES AND EXCHANGE COMMISSION

[Federal Register Volume 81, Number 178 (Wednesday, September 14, 2016)]
[Notices]
[Page 63238]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-22034]



[[Page 63238]]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-78793; File No. 10-227]


MIAX PEARL, LLC; Notice of Filing of Application for Registration 
as a National Securities Exchange Under Section 6 of the Securities 
Exchange Act of 1934

September 8, 2016.
    On August 12, 2016, MIAX PEARL, LLC (``PEARL'' or ``Applicant'') 
submitted to the Securities and Exchange Commission (``Commission'') a 
Form 1 application under the Securities Exchange Act of 1934 
(``Exchange Act''), seeking registration as a national securities 
exchange under Section 6 of the Exchange Act.
    The Commission is publishing this notice to solicit comments on 
PEARL's Form 1 application. The Commission will take any comments it 
receives into consideration in making its determination about whether 
to grant PEARL's application to be registered as a national securities 
exchange. The Commission will grant the registration if it finds that 
the requirements of the Exchange Act and the rules and regulations 
thereunder with respect to PEARL are satisfied.\1\
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78s(a).
---------------------------------------------------------------------------

    The Applicant's Form 1 application provides detailed information on 
how PEARL proposes to satisfy the requirements of the Exchange Act. The 
Form 1 application provides that PEARL would operate a fully automated 
electronic trading platform for the trading of listed options and would 
not maintain a physical trading floor. It also provides that liquidity 
would be derived from orders to buy and orders to sell submitted to 
PEARL electronically by its registered broker-dealer members, as well 
as from quotes submitted electronically by member market makers. 
Further, PEARL is wholly-owned by its parent company, Miami 
International Holdings, Inc. (``Miami Holdings''), which is also the 
parent company of an existing national securities exchange, Miami 
International Securities Exchange, LLC.
    A more detailed description of the manner of operation of PEARL's 
proposed system can be found in Exhibit E to PEARL's Form 1 
application. The proposed rulebook for the proposed exchange can be 
found in Exhibit B to PEARL's Form 1 application, and the governing 
documents for both PEARL and Miami Holdings can be found in Exhibit A 
and Exhibit C to PEARL's Form 1 application, respectively. A listing of 
the officers and directors of PEARL can be found in Exhibit J to 
PEARL's Form 1 application.
    PEARL's Form 1 application, including all of the Exhibits 
referenced above, is available online at www.sec.gov/rules/other.shtml 
as well as in the Commission's Public Reference Room. Interested 
persons are invited to submit written data, views, and arguments 
concerning PEARL's Form 1, including whether the application is 
consistent with the Exchange 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 10-227 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 10-227. 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/other.shtml). 
Copies of the submission, all subsequent amendments, all written 
statements with respect to PEARL's Form 1 filed with the Commission, 
and all written communications relating to the application 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. 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 publicly available. All 
submissions should refer to File Number 10-227 and should be submitted 
on or before October 31, 2016.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\2\
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    \2\ 17 CFR 200.30-3(a)(71)(i).
---------------------------------------------------------------------------

Brent J. Fields,
Secretary.
[FR Doc. 2016-22034 Filed 9-13-16; 8:45 am]
 BILLING CODE 8011-01-P

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