Self-Regulatory Organizations; Bats EDGX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Make a Ministerial Change to Exchange Rules 11.8, 11.14, and 11.22, 87109-87111 [2016-28926]
Download as PDF
<![CDATA[
Federal Register / Vol. 81, No. 232 / Friday, December 2, 2016 / Notices
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–2016–159 and should be
submitted on or before December 23,
2016.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.15
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2016–28931 Filed 12–1–16; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. IC–32373]
Notice of Applications for
Deregistration Under Section 8(f) of the
Investment Company Act of 1940
asabaliauskas on DSK3SPTVN1PROD with NOTICES
November 28, 2016.
The following is a notice of
applications for deregistration under
section 8(f) of the Investment Company
Act of 1940 for the month of November
2016. A copy of each application may be
obtained via the Commission’s Web site
by searching for the file number, or for
an applicant using the Company name
box, at https://www.sec.gov/search/
search.htm or by calling (202) 551–
8090. An order granting each
application will be issued unless the
SEC orders a hearing. Interested persons
may request a hearing on any
application by writing to the SEC’s
Secretary at the address below and
serving the relevant applicant with a
copy of the request, personally or by
mail. Hearing requests should be
received by the SEC by 5:30 p.m. on
December 23, 2016, and should be
accompanied by proof of service on
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.
15 17
CFR 200.30–3(a)(12).
VerDate Sep<11>2014
17:55 Dec 01, 2016
Jkt 241001
The Commission: Secretary,
U.S. Securities and Exchange
Commission, 100 F Street NE.,
Washington, DC 20549–1090.
ADDRESSES:
FOR FURTHER INFORMATION CONTACT:
Jessica Shin, Attorney-Adviser, at (202)
551–5921 or Chief Counsel’s Office at
(202) 551–6821; SEC, Division of
Investment Management, Chief
Counsel’s Office, 100 F Street NE.,
Washington, DC 20549–8010.
Dreyfus/Laurel Tax-Free Municipal
Funds [File No. 811–03700]
Summary: Applicant seeks an order
declaring that it has ceased to be an
investment company. On October 28,
2015, applicant made a liquidating
distribution to its shareholders, based
on net asset value. Expenses of
$1,700.10 incurred in connection with
the liquidation were paid by the
applicant’s investment adviser. A notice
of applicant’s application was included
in the notice of applications for
deregistration for September 2016
(Investment Company Act Release No.
32299). However, applicants
subsequently amended their application
on October 25, 2016 to correct an error
in connection with the liquidation.
Filing Dates: The application was
filed on August 8, 2016, and amended
on August 31, 2016, October 13, 2016,
and October 25, 2016.
Applicant’s Address: c/o The Dreyfus
Corporation, 200 Park Avenue, New
York, New York 10166.
Templeton Russia and East European
Fund, Inc. [File No. 811–08788]
Summary: Applicant, a closed-end
investment company, seeks an order
declaring that it has ceased to be an
investment company. On December 16,
2015 and December 18, 2016, applicant
made liquidating distributions to its
shareholders, based on net asset value.
As of October 26, 2016, there remained
17,126.077 shares that have not been
surrendered for exchange. The
applicant’s transfer agent will hold the
shares’ distribution pending surrender
of the shares for exchange. If the holders
do not surrender their shares for the
payment and there is no contact from
the holder, then the property will be
deemed to be abandoned. Expenses of
approximately $122,038 incurred in
connection with the liquidation were
paid by the applicant.
Filing Dates: The application was
filed on October 4, 2016, and amended
on November 4, 2016.
Applicant’s Address: 300 SE 2nd
Street, Fort Lauderdale, Florida 33301.
PO 00000
Frm 00093
Fmt 4703
Sfmt 4703
87109
For the Commission, by the Division of
Investment Management, pursuant to
delegated authority.
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2016–28935 Filed 12–1–16; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–79403; File No. SR–
BatsEDGX–2016–65]
Self-Regulatory Organizations; Bats
EDGX Exchange, Inc.; Notice of Filing
and Immediate Effectiveness of a
Proposed Rule Change To Make a
Ministerial Change to Exchange Rules
11.8, 11.14, and 11.22
November 28, 2016.
Pursuant to Section 19(b)(1) of the
Securities Exchange Act of 1934 (the
‘‘Act’’),1 and Rule 19b–4 thereunder,2
notice is hereby given that on November
17, 2016, Bats EDGX Exchange, Inc. (the
‘‘Exchange’’ or ‘‘EDGX’’) filed with the
Securities and Exchange Commission
(‘‘Commission’’) the proposed rule
change as described in Items I and II
below, which Items have been prepared
by the Exchange. The Exchange has
designated this proposal as a ‘‘noncontroversial’’ proposed rule change
pursuant to Section 19(b)(3)(A) of the
Act 3 and Rule 19b–4(f)(6)(iii)
thereunder,4 which renders it effective
upon filing with the Commission. 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 filed a proposal to
make a ministerial change to Exchange
Rules 11.8(d)(5), 11.14(g)(4), and
11.22(a)(7)(A)(i)(2) in order to remove
erroneous and irrelevant rule text as
well as correct a typographical error.
The text of the proposed rule change
is available at the Exchange’s Web site
at www.batstrading.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
1 15
U.S.C. 78s(b)(1).
CFR 240.19b–4.
3 15 U.S.C. 78s(b)(3)(A).
4 17 CFR 240.19b–4(f)(6)(iii).
2 17
E:\FR\FM\02DEN1.SGM
02DEN1
87110
Federal Register / Vol. 81, No. 232 / Friday, December 2, 2016 / Notices
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 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 make a
ministerial change to Exchange Rules
11.8(d)(5) 11.14(g)(4), and
11.22(a)(7)(A)(i)(2) in order to remove
erroneous and irrelevant rule text as
well as correct a typographical error.
First, the Exchange proposes to amend
Rule 11.8(d)(5) remove an erroneous
reference to the RMPT routing option.
The Exchange notes that it does not
offer the RMPT routing option, nor is
such routing option currently described
in its rules.5 Second, the Exchange
proposes to remove an erroneous
reference to Rule 11.12 within Rule
11.14(g)(4). The Exchange notes that it
previously revised Chapter XI of its
rules, including the renumbering of
current Rule 11.14, Limitation of
Liability, which was previously Rule
11.12.6 However, it failed at that time to
update the rule reference within Rule
11.14(g)(4) from 11.12 to 11.14. The
Exchange now proposes to delete this
erroneous rule reference within Rule
11.14(g)(4) as reference to rule is not
integral or necessary to the meaning or
application of Rule 11.14 generally.
Lastly, the Exchange proposes to amend
Rule 11.22(a)(7)(A)(i)(2) to correct a
typographical error by replacing the
phrase ‘‘one of more’’ with ‘‘one or
more’’.
asabaliauskas on DSK3SPTVN1PROD with NOTICES
2. Statutory Basis
The Exchange believes that its
proposal is consistent with Section 6(b)
of the Act 7 in general, and furthers the
objectives of Section 6(b)(5) of the Act 8
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
5 The Exchange notes that the reference to RMPT
was erroneously added in a previous rule filing. See
Securities Exchange Act Release No. 75479 (July 17,
2015), 80 FR 43810 (July 23, 2015) (SR–EDGX–
2015–33).
6 See Securities Exchange Act Release No. 72676
(July 25, 2014), 79 FR 44519 (July 31, 2014) (SR–
EDGX–2014–18).
7 15 U.S.C. 78f(b).
8 15 U.S.C. 78f(b)(5).
VerDate Sep<11>2014
17:55 Dec 01, 2016
Jkt 241001
open market and a national market
system, and, in general to protect
investors and the public interest. The
Exchange believes the proposed changes
to Exchange Rules 11.8(d)(5),
11.14(g)(4), and 11.22(a)(7)(A)(i)(2)
removing erroneous and irrelevant rule
text as well as correcting a
typographical error will provide clarity
to the Exchange’s rules and avoid
potential investor confusion. The
Exchange notes that neither change
alters the meaning or application of
each rule. As such, the proposed
amendments would foster cooperation
and coordination with persons engaged
in facilitating transactions in securities
and would remove impediments to and
perfect the mechanism of a free and
open market and a national market
system.
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. On the
contrary, the proposed rule change will
have no impact on competition as it is
simply removes erroneous and
irrelevant rule text while not altering
the meaning or application of each rule.
C. Self-Regulatory Organization’s
Statement on Comments on the
Proposed Rule Change Received From
Members, Participants, or Others
The Exchange has not solicited, and
does not intend to solicit, comments on
this proposed rule change. The
Exchange has not received any written
comments from members or other
interested parties.
III. Date of Effectiveness of the
Proposed Rule Change and Timing for
Commission Action
Because the foregoing proposed rule
change does not: (i) Significantly affect
the protection of investors or the public
interest; (ii) impose any significant
burden on competition; and (iii) become
operative for 30 days from the date on
which it was filed, or such shorter time
as the Commission may designate, it has
become effective pursuant to Section
19(b)(3)(A)(iii) of the Act 9 and
subparagraph (f)(6) of Rule 19b–4
thereunder.10
9 15
U.S.C. 78s(b)(3)(a)(iii).
CFR 240.19b–4(f)(6). In addition, Rule 19b–
4(f)(6) requires a self-regulatory organization to give
the Commission written notice of its intent to file
the proposed rule change at least five business days
prior to the date of filing of the proposed rule
change, or such shorter time as designated by the
Commission. The Exchange has satisfied this
requirement.
10 17
PO 00000
Frm 00094
Fmt 4703
Sfmt 4703
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 11 to
determine whether the proposed rule
change should be approved or
disapproved.
IV. Solicitation of Comments
Interested persons are invited to
submit written data, views, and
arguments concerning the foregoing,
including whether the proposed rule
change is consistent with the Act.
Comments may be submitted by any of
the following methods:
Electronic Comments
• Use the Commission’s Internet
comment form (https://www.sec.gov/
rules/sro.shtml); or
• Send an email to rulecomments@sec.gov. Please include File
Number SR–BatsEDGX–2016–65 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–BatsEDGX–2016–65. 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
11 15
E:\FR\FM\02DEN1.SGM
U.S.C. 78s(b)(2)(B).
02DEN1
Federal Register / Vol. 81, No. 232 / Friday, December 2, 2016 / Notices
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–
BatsEDGX–2016–65, and should be
submitted on or before December 23,
2016.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.12
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2016–28926 Filed 12–1–16; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–79361A; File No. SR–
FINRA–2016–043]
Self-Regulatory Organizations;
Financial Industry Regulatory
Authority, Inc.; Notice of Filing and
Immediate Effectiveness of a Proposed
Rule Change To Provide a Process for
an Expedited Proceeding and Adopt a
Rule To Prohibit Disruptive Quoting
and Trading Activity
November 21, 2016.
Correction
In FR Document No. 2016–28458
beginning on page 85650 for Monday,
November 28, 2016 the 34 Release
number was incorrectly stated. The
correct number is 34–79361.
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2016–28925 Filed 12–1–16; 8:45 am]
BILLING CODE 8011–01–P
asabaliauskas on DSK3SPTVN1PROD with NOTICES
[Release No. 34–79411; File No. SR–
BatsEDGX–2016–66]
Self-Regulatory Organizations; Bats
EDGX Exchange, Inc.; Notice of Filing
and Immediate Effectiveness of a
Proposed Rule Change To Make NonSubstantive Changes to the Fee
Schedule
Pursuant to Section 19(b)(1) of the
Securities Exchange Act of 1934 (the
CFR 200.30–3(a)(12).
17:55 Dec 01, 2016
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 parts of such
statements.
1. Purpose
The Exchange proposes to make
certain clarifying and non-substantive
changes to its fee schedule in order to
improve formatting, eliminate certain
redundancies, increase overall
readability, and provide users with
straightforward descriptions to augment
1 15
U.S.C. 78s(b)(1).
CFR 240.19b–4.
3 15 U.S.C. 78s(b)(3)(A)(ii).
4 17 CFR 240.19b–4(f)(2).
5 A Member is defined as ‘‘any registered broker
or dealer that has been admitted to membership in
the Exchange.’’ See Exchange Rule 1.5(n).
2 17
November 28, 2016.
VerDate Sep<11>2014
I. Self-Regulatory Organization’s
Statement of the Terms of the Substance
of the Proposed Rule Change
The Exchange filed a proposal to
make several non-substantive changes to
the fee schedule applicable to
Members 5 and non-members of the
Exchange pursuant to Exchange Rules
15.1(a) and (c).
A. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
SECURITIES AND EXCHANGE
COMMISSION
12 17
‘‘Act’’),1 and Rule 19b–4 thereunder,2
notice is hereby given that on November
18, 2016, Bats EDGX Exchange, Inc. (the
‘‘Exchange’’ or ‘‘EDGX’’) filed with the
Securities and Exchange Commission
(the ‘‘Commission’’) the proposed rule
change as described in Items I, II, and
III below, which Items have been
prepared by the Exchange. The
Exchange has designated the proposed
rule change as one establishing or
changing a member due, fee, or other
charge imposed by the Exchange under
Section 19(b)(3)(A)(ii) of the Act 3 and
Rule 19b–4(f)(2) thereunder,4 which
renders the proposed rule change
effective upon filing with the
Commission. The Commission is
publishing this notice to solicit
comments on the proposed rule change
from interested persons.
Jkt 241001
PO 00000
Frm 00095
Fmt 4703
Sfmt 4703
87111
overall comprehensibility and usability
of the existing fee schedule. The
Exchange notes that these changes are
purely clerical and do not substantively
amend any fee or rebate, nor do they
alter the manner in which the Exchange
assesses fees or calculates rebates. The
proposed changes are simply intended
to provide greater transparency to
market participants regarding how the
Exchange assesses fees and calculates
rebates. Specifically, the Exchange
proposes to:
• Capitalize the title of the column
setting forth each tier’s rate under
footnotes 1 and 2;
• ensure each tier requiring multiple
criteria is conjoined using ‘‘; and’’ to
clarify that all of a tier’s criteria must be
satisfied to receive the applicable rate;
• amend the name under first column
of the tiers listed under footnote 2 to
simply state ‘‘Tier 1’’, Tier 2’’ to remove
added language that is clearly set forth
in and redundant with the tier’s title;
• replace the phrases ‘‘equal to or
greater than’’ and ‘‘of at least’’ with ‘‘≥’’
in all required criteria cells under
footnotes 1 and 2.
2. Statutory Basis
The Exchange believes that the
proposed rule change is consistent with
the requirements of the Act and the
rules and regulations thereunder that
are applicable to a national securities
exchange, and, in particular, with the
requirements of Section 6 of the Act.6
Specifically, the Exchange believes that
the proposed rule change is consistent
with Sections 6(b)(4) of the Act of the
Act [sic],7 in that it provides for the
equitable allocation of reasonable dues,
fees and other charges among members
and other persons using any facility or
system which the Exchange operates or
controls. The Exchange believes that the
proposed changes are reasonable and
equitable because they are intended to
simplify the Exchange’s fee schedule
and provide greater transparency to
market participants regarding how the
Exchange assesses fees and calculates
rebates. The Exchange notes that these
changes are purely clerical and do not
substantively amend any fee or rebate,
nor do they alter the manner in which
the Exchange assesses fees or calculates
rebates. The Exchange also believes that
the proposal is non-discriminatory
because it applies uniformly to all
Members. Finally, the Exchange
believes that the proposed changes will
make the fee schedule clearer and
eliminate potential investor confusion,
thereby removing impediments to and
6 15
7 15
E:\FR\FM\02DEN1.SGM
U.S.C. 78f.
U.S.C. 78f(b)(4).
02DEN1
]]>Agencies
[Federal Register Volume 81, Number 232 (Friday, December 2, 2016)]
[Notices]
[Pages 87109-87111]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-28926]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-79403; File No. SR-BatsEDGX-2016-65]
Self-Regulatory Organizations; Bats EDGX Exchange, Inc.; Notice
of Filing and Immediate Effectiveness of a Proposed Rule Change To Make
a Ministerial Change to Exchange Rules 11.8, 11.14, and 11.22
November 28, 2016.
Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934
(the ``Act''),\1\ and Rule 19b-4 thereunder,\2\ notice is hereby given
that on November 17, 2016, Bats EDGX Exchange, Inc. (the ``Exchange''
or ``EDGX'') filed with the Securities and Exchange Commission
(``Commission'') the proposed rule change as described in Items I and
II below, which Items have been prepared by the Exchange. The Exchange
has designated this proposal as a ``non-controversial'' proposed rule
change pursuant to Section 19(b)(3)(A) of the Act \3\ and Rule 19b-
4(f)(6)(iii) thereunder,\4\ which renders it effective upon filing with
the Commission. 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.
\3\ 15 U.S.C. 78s(b)(3)(A).
\4\ 17 CFR 240.19b-4(f)(6)(iii).
---------------------------------------------------------------------------
I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change
The Exchange filed a proposal to make a ministerial change to
Exchange Rules 11.8(d)(5), 11.14(g)(4), and 11.22(a)(7)(A)(i)(2) in
order to remove erroneous and irrelevant rule text as well as correct a
typographical error.
The text of the proposed rule change is available at the Exchange's
Web site at www.batstrading.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
[[Page 87110]]
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 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 make a ministerial change to Exchange
Rules 11.8(d)(5) 11.14(g)(4), and 11.22(a)(7)(A)(i)(2) in order to
remove erroneous and irrelevant rule text as well as correct a
typographical error. First, the Exchange proposes to amend Rule
11.8(d)(5) remove an erroneous reference to the RMPT routing option.
The Exchange notes that it does not offer the RMPT routing option, nor
is such routing option currently described in its rules.\5\ Second, the
Exchange proposes to remove an erroneous reference to Rule 11.12 within
Rule 11.14(g)(4). The Exchange notes that it previously revised Chapter
XI of its rules, including the renumbering of current Rule 11.14,
Limitation of Liability, which was previously Rule 11.12.\6\ However,
it failed at that time to update the rule reference within Rule
11.14(g)(4) from 11.12 to 11.14. The Exchange now proposes to delete
this erroneous rule reference within Rule 11.14(g)(4) as reference to
rule is not integral or necessary to the meaning or application of Rule
11.14 generally. Lastly, the Exchange proposes to amend Rule
11.22(a)(7)(A)(i)(2) to correct a typographical error by replacing the
phrase ``one of more'' with ``one or more''.
---------------------------------------------------------------------------
\5\ The Exchange notes that the reference to RMPT was
erroneously added in a previous rule filing. See Securities Exchange
Act Release No. 75479 (July 17, 2015), 80 FR 43810 (July 23, 2015)
(SR-EDGX-2015-33).
\6\ See Securities Exchange Act Release No. 72676 (July 25,
2014), 79 FR 44519 (July 31, 2014) (SR-EDGX-2014-18).
---------------------------------------------------------------------------
2. Statutory Basis
The Exchange believes that its proposal is consistent with Section
6(b) of the Act \7\ in general, and furthers the objectives of Section
6(b)(5) of the Act \8\ 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 Exchange believes the proposed changes to Exchange Rules
11.8(d)(5), 11.14(g)(4), and 11.22(a)(7)(A)(i)(2) removing erroneous
and irrelevant rule text as well as correcting a typographical error
will provide clarity to the Exchange's rules and avoid potential
investor confusion. The Exchange notes that neither change alters the
meaning or application of each rule. As such, the proposed amendments
would foster cooperation and coordination with persons engaged in
facilitating transactions in securities and would remove impediments to
and perfect the mechanism of a free and open market and a national
market system.
---------------------------------------------------------------------------
\7\ 15 U.S.C. 78f(b).
\8\ 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. On the contrary, the
proposed rule change will have no impact on competition as it is simply
removes erroneous and irrelevant rule text while not altering the
meaning or application of each rule.
C. Self-Regulatory Organization's Statement on Comments on the Proposed
Rule Change Received From Members, Participants, or Others
The Exchange has not solicited, and does not intend to solicit,
comments on this proposed rule change. The Exchange has not received
any written comments from members or other interested parties.
III. Date of Effectiveness of the Proposed Rule Change and Timing for
Commission Action
Because the foregoing proposed rule change does not: (i)
Significantly affect the protection of investors or the public
interest; (ii) impose any significant burden on competition; and (iii)
become operative for 30 days from the date on which it was filed, or
such shorter time as the Commission may designate, it has become
effective pursuant to Section 19(b)(3)(A)(iii) of the Act \9\ and
subparagraph (f)(6) of Rule 19b-4 thereunder.\10\
---------------------------------------------------------------------------
\9\ 15 U.S.C. 78s(b)(3)(a)(iii).
\10\ 17 CFR 240.19b-4(f)(6). In addition, Rule 19b-4(f)(6)
requires a self-regulatory organization to give the Commission
written notice of its intent to file the proposed rule change at
least five business days prior to the date of filing of the proposed
rule change, or such shorter time as designated by the Commission.
The Exchange has satisfied this requirement.
---------------------------------------------------------------------------
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 \11\ to determine whether the proposed
rule change should be approved or disapproved.
---------------------------------------------------------------------------
\11\ 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-BatsEDGX-2016-65 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-BatsEDGX-2016-65. 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
[[Page 87111]]
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-BatsEDGX-2016-65, and should
be submitted on or before December 23, 2016.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\12\
---------------------------------------------------------------------------
\12\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2016-28926 Filed 12-1-16; 8:45 am]
BILLING CODE 8011-01-P
