Self-Regulatory Organizations; NASDAQ PHLX LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Delay the Implementation of the Limit Order Protection for Members Accessing PSX, 95657-95658 [2016-31297]
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Federal Register / Vol. 81, No. 249 / Wednesday, December 28, 2016 / Notices
sradovich on DSK3GMQ082PROD with NOTICES
publicly disclosed in their comment
submission. Your request should state
that comment submissions are not
routinely edited to remove such
information before making the comment
submissions available to the public or
entering the comment into ADAMS.
used by the NRC to obtain information
on NRC contractors, subcontractors, and
other individuals who are not NRC
employees and require access to NRC
buildings, IT systems, sensitive
information, sensitive unclassified
information, or classified information.
II. Background
Under the provisions of the
Paperwork Reduction Act of 1995 (44
U.S.C. Chapter 35), the NRC recently
submitted a request for renewal of an
existing collection of information to
OMB for review entitled, ‘‘NRC Form
850A, ‘‘Request for NRC Contractor
Building Access Authorization’’ NRC
Form 850B, ‘‘Request for NRC
Contractor Information Technology
Access Authorization’’ NRC Form 850C,
‘‘Request for NRC Contractor Security
Clearance.’’ The NRC hereby informs
potential respondents that an agency
may not conduct or sponsor, and that a
person is not required to respond to, a
collection of information unless it
displays a currently valid OMB control
number.
The NRC published a Federal
Register notice with a 60-day comment
period on this information collection on
September 9, 2016 (81 FR 62546).
1. The title of the information
collection: NRC Form 850A, ‘‘Request
for NRC Contractor Building Access,’’
NRC Form 850B, ‘‘Request for NRC
Contractor Information Technology
Access Authorization,’’ and NRC Form
850C, ‘‘Request for NRC Contractor
Security Clearance.’’
2. OMB approval number: 3150–0218.
3. Type of submission: Extension.
4. The form number if applicable:
NRC Form 850A, NRC Form 850B, and
NRC Form 850C.
5. How often the collection is required
or requested: On occasion.
6. Who will be required or asked to
respond: NRC contractors,
subcontractors and other individuals
who are not NRC employees.
7. The estimated number of annual
responses: 500.
8. The estimated number of annual
respondents: 500.
9. An estimate of the total number of
hours needed annually to comply with
the information collection requirement
or request: 85.
10. Abstract: 10 CFR part 10, ‘‘Criteria
and Procedures for Determining
Eligibility for Access to Restricted Data
or National Security Information or an
Employment Clearance,’’ establishes
requirements that individuals requiring
an access authorization and/or
employment clearance must have an
investigation of their background. NRC
Forms 850A, 850B, and 850C will be
Dated at Rockville, Maryland, this 21st day
of December 2016.
For the Nuclear Regulatory Commission.
David Cullison,
NRC Clearance Officer, Office of the Chief
Information Officer.
VerDate Sep<11>2014
18:54 Dec 27, 2016
Jkt 241001
[FR Doc. 2016–31324 Filed 12–27–16; 8:45 am]
BILLING CODE 7590–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–79635; File No. SR–Phlx–
2016–124]
Self-Regulatory Organizations;
NASDAQ PHLX LLC; Notice of Filing
and Immediate Effectiveness of
Proposed Rule Change To Delay the
Implementation of the Limit Order
Protection for Members Accessing
PSX
December 21, 2016.
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 December
20, 2016, NASDAQ 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 delay the
implementation of the Limit Order
Protection or ‘‘LOP’’ for members
accessing PSX.
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
1 15
2 17
PO 00000
U.S.C. 78s(b)(1).
CFR 240.19b–4.
Frm 00103
Fmt 4703
Sfmt 4703
95657
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 proposal is to
delay the implementation of the
Exchange’s mechanism to protect
against erroneous Limit Orders, which
are entered into PSX, at Rule 3307(f).3
The Exchange received approval to
implement this mechanism on August
24, 2016.4 Within that rule change, the
Exchanges proposed to implement LOP
within ninety days of the approval of
the proposal, which was November 22,
2016.5 The Exchange subsequently filed
a modification to the original proposal
and delayed the implementation an
additional sixty (60) days from the
original timeframe in order to
implement the LOP, which was January
21, 2017.6
At this time the Exchange proposes to
delay the implementation from January
21, 2017 until a date no later than
March 31, 2017 in order to allow
additional time to complete testing. The
Exchange will announce the specific
date in advance through an Equities
Trader Alert. For more information
regarding LOP see the previous LOP
rule changes.7
2. Statutory Basis
The Exchange believes that its
proposal is consistent with Section 6(b)
of the Act,8 in general, and furthers the
objectives of Section 6(b)(5) of the Act,9
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
3 See Securities Exchange Act Release No. 78246
(August 24, 2016), 81 FR 59672 (August 30, 2016)
(SR–Phlx–2016–58). See also Securities Exchange
Act Release No. 83917 (November 16, 2016), 81 FR
83917 (November 22, 2016) (SR–Phlx–2016–113).
4 See Securities Exchange Act Release No. 78246
(August 24, 2016), 81 FR 59672 (August 30, 2016)
(SR–Phlx–2016–58) (Notice of Filing of
Amendments No. 1 and Order Granting Accelerated
Approval of Proposed Rule Changes, as Modified by
Amendments No. 1, To Adopt Limit Order
Protections).
5 Id. at 45338.
6 See Securities Exchange Act Release No. 83917
(November 16, 2016), 81 FR 83917 (November 22,
2016) (SR–Phlx–2016–113) (Notice of Filing and
Immediate Effectiveness of Proposed Rule Change
To Amend the Limit Order Protection).
7 See note 3 above.
8 15 U.S.C. 78f(b).
9 15 U.S.C. 78f(b)(5).
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Federal Register / Vol. 81, No. 249 / Wednesday, December 28, 2016 / Notices
system, and, in general to protect
investors and the public interest, by
permitting the Exchange additional time
to implement the LOP in accordance
with the Exchange’s processes. The
Exchange’s proposal does not
significantly affect the protection of
investors or the public interest because
this proposal does not modify the
manner in which LOP operates, only the
implementation date is impacted. The
Exchange will provide advance notice to
members with respect to the new date.
to determine whether the proposed rule
should be approved or disapproved.
B. Self-Regulatory Organization’s
Statement on Burden on Competition
• 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–
Phlx–2016–124 on the subject line.
The Exchange does not believe that
the proposed rule change will impose
any burden on competition not
necessary or appropriate in furtherance
of the purposes of the Act. The
Exchange’s proposal does not impose
any significant burden on competition
because LOP will apply to all PSX
market participants in a uniform
manner once implemented.
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
sradovich on DSK3GMQ082PROD with NOTICES
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 10 and
subparagraph (f)(6) of Rule 19b–4
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: (i) Necessary or appropriate in
the public interest; (ii) for the protection
of investors; or (iii) otherwise in
furtherance of the purposes of the Act.
If the Commission takes such action, the
Commission shall institute proceedings
10 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.
11 17
VerDate Sep<11>2014
18:54 Dec 27, 2016
Jkt 241001
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
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–Phlx–2016–124. 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–Phlx–
2016–124 and should be submitted on
or before January 18, 2017.
PO 00000
Frm 00104
Fmt 4703
Sfmt 4703
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.12
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2016–31297 Filed 12–27–16; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–79638; File No. SR–NYSE–
2016–85]
Self-Regulatory Organizations; New
York Stock Exchange LLC; Notice of
Filing and Immediate Effectiveness of
Proposed Rule Change to (1) Change
How Orders Would be Processed
When the Protected Best Bid (‘‘PBB’’)
Is Higher Than the Protected Best
Offer (‘‘PBO’’) (The ‘‘PBBO’’) in Certain
Circumstances, and (2) Adopt a Limit
Order Price Protection Mechanism
December 21, 2016.
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 December
12, 2016, New York Stock Exchange
LLC (‘‘NYSE’’ or the ‘‘Exchange’’) filed
with the Securities and Exchange
Commission (‘‘Commission’’) the
proposed rule change as described in
Items I, II, and III below, which Items
have been prepared by the selfregulatory organization. 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 (1) change
how orders would be processed when
the protected best bid (‘‘PBB’’) is higher
than the protected best offer (‘‘PBO’’)
(the ‘‘PBBO’’) in certain circumstances,
and (2) adopt a limit order price
protection mechanism. 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
12 17
CFR 200.30–3(a)(12).
U.S.C.78s(b)(1).
2 15 U.S.C. 78a.
3 17 CFR 240.19b–4.
1 15
E:\FR\FM\28DEN1.SGM
28DEN1
]]>Agencies
[Federal Register Volume 81, Number 249 (Wednesday, December 28, 2016)]
[Notices]
[Pages 95657-95658]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-31297]
=======================================================================
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-79635; File No. SR-Phlx-2016-124]
Self-Regulatory Organizations; NASDAQ PHLX LLC; Notice of Filing
and Immediate Effectiveness of Proposed Rule Change To Delay the
Implementation of the Limit Order Protection for Members Accessing PSX
December 21, 2016.
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 December 20, 2016, NASDAQ 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.
---------------------------------------------------------------------------
\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
The Exchange proposes to delay the implementation of the Limit
Order Protection or ``LOP'' for members accessing PSX.
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 proposal is to delay the implementation of the
Exchange's mechanism to protect against erroneous Limit Orders, which
are entered into PSX, at Rule 3307(f).\3\ The Exchange received
approval to implement this mechanism on August 24, 2016.\4\ Within that
rule change, the Exchanges proposed to implement LOP within ninety days
of the approval of the proposal, which was November 22, 2016.\5\ The
Exchange subsequently filed a modification to the original proposal and
delayed the implementation an additional sixty (60) days from the
original timeframe in order to implement the LOP, which was January 21,
2017.\6\
---------------------------------------------------------------------------
\3\ See Securities Exchange Act Release No. 78246 (August 24,
2016), 81 FR 59672 (August 30, 2016) (SR-Phlx-2016-58). See also
Securities Exchange Act Release No. 83917 (November 16, 2016), 81 FR
83917 (November 22, 2016) (SR-Phlx-2016-113).
\4\ See Securities Exchange Act Release No. 78246 (August 24,
2016), 81 FR 59672 (August 30, 2016) (SR-Phlx-2016-58) (Notice of
Filing of Amendments No. 1 and Order Granting Accelerated Approval
of Proposed Rule Changes, as Modified by Amendments No. 1, To Adopt
Limit Order Protections).
\5\ Id. at 45338.
\6\ See Securities Exchange Act Release No. 83917 (November 16,
2016), 81 FR 83917 (November 22, 2016) (SR-Phlx-2016-113) (Notice of
Filing and Immediate Effectiveness of Proposed Rule Change To Amend
the Limit Order Protection).
---------------------------------------------------------------------------
At this time the Exchange proposes to delay the implementation from
January 21, 2017 until a date no later than March 31, 2017 in order to
allow additional time to complete testing. The Exchange will announce
the specific date in advance through an Equities Trader Alert. For more
information regarding LOP see the previous LOP rule changes.\7\
---------------------------------------------------------------------------
\7\ See note 3 above.
---------------------------------------------------------------------------
2. Statutory Basis
The Exchange believes that its proposal is consistent with Section
6(b) of the Act,\8\ in general, and furthers the objectives of Section
6(b)(5) of the Act,\9\ 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
[[Page 95658]]
system, and, in general to protect investors and the public interest,
by permitting the Exchange additional time to implement the LOP in
accordance with the Exchange's processes. The Exchange's proposal does
not significantly affect the protection of investors or the public
interest because this proposal does not modify the manner in which LOP
operates, only the implementation date is impacted. The Exchange will
provide advance notice to members with respect to the new date.
---------------------------------------------------------------------------
\8\ 15 U.S.C. 78f(b).
\9\ 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 not necessary or appropriate in
furtherance of the purposes of the Act. The Exchange's proposal does
not impose any significant burden on competition because LOP will apply
to all PSX market participants in a uniform manner once implemented.
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
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 \10\ and
subparagraph (f)(6) of Rule 19b-4 thereunder.\11\
---------------------------------------------------------------------------
\10\ 15 U.S.C. 78s(b)(3)(A)(iii).
\11\ 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 the proposed rule
change, the Commission summarily may temporarily suspend such rule
change if it appears to the Commission that such action is: (i)
Necessary or appropriate in the public interest; (ii) for the
protection of investors; or (iii) 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.
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-Phlx-2016-124 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-Phlx-2016-124. 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-Phlx-2016-124 and should be
submitted on or before January 18, 2017.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\12\
---------------------------------------------------------------------------
\12\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2016-31297 Filed 12-27-16; 8:45 am]
BILLING CODE 8011-01-P
