Self-Regulatory Organizations; National Stock Exchange, Inc.; Order Approving Proposed Rule Change, as Modified by Amendment No. 1, in Connection With a Proposed Acquisition of the Exchange by NYSE Group, Inc., 9258-9259 [2017-02263]
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9258
Federal Register / Vol. 82, No. 22 / Friday, February 3, 2017 / Notices
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) 18 of the Act 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:
asabaliauskas on DSK3SPTVN1PROD with NOTICES
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–2017–03 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–NYSEMKT–2017–03. 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;
18 15
U.S.C. 78s(b)(2)(B).
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17:26 Feb 02, 2017
Jkt 241001
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–2017–03 and should be
submitted on or before February 24,
2017.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.19
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017–02259 Filed 2–2–17; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–79902; File No. SR–NSX–
2016–16]
Self-Regulatory Organizations;
National Stock Exchange, Inc.; Order
Approving Proposed Rule Change, as
Modified by Amendment No. 1, in
Connection With a Proposed
Acquisition of the Exchange by NYSE
Group, Inc.
January 30, 2017.
I. Introduction
On December 22, 2016, National
Stock Exchange, Inc. (‘‘NSX’’ or the
‘‘Exchange’’) filed with the Securities
and Exchange Commission
(‘‘Commission’’), pursuant to Section
19(b)(1) 1 of the Securities Exchange Act
of 1934 (‘‘Act’’),2 and Rule 19b–4
thereunder,3 a proposed rule change to
make certain amendments to its
corporate governance documents and
rules, and the corporate governance
documents of NYSE Group, Inc. (‘‘NYSE
Group’’), NYSE Holdings LLC (‘‘NYSE
Holdings’’), Intercontinental Exchange
Holdings, Inc. (‘‘ICE Holdings’’), and
Intercontinental Exchange, Inc. (‘‘ICE’’)
in order to effectuate a proposed
transaction (the ‘‘Transaction’’) in
which the Exchange will become a
wholly-owned subsidiary of NYSE
Group. The proposed rule change was
published for comment in the Federal
Register on December 30, 2016.4 On
January 23, 2017, the Exchange
submitted Amendment No. 1 to the
proposed rule change.5 The Commission
19 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.
4 See Securities Exchange Act Release No. 79684
(December 23, 2016), 81 FR 96552 (SR–NSX–2016–
16) (‘‘Notice’’).
5 In Amendment No. 1, the Exchange corrected a
technical error in the proposed Seventh Amended
1 15
PO 00000
Frm 00068
Fmt 4703
Sfmt 4703
received no comments on the proposal.
This order approves the proposal, as
modified by Amendment No. 1.
II. Description of the Proposal
On December 14, 2016, ICE entered
into an agreement with the Exchange
pursuant to which its wholly-owned
subsidiary, NYSE Group, will acquire
all of the outstanding capital stock of
the Exchange (the ‘‘Acquisition’’). As a
result of the Acquisition, the Exchange
will be renamed NYSE National, Inc.
(‘‘NYSE National’’) and will be operated
as a wholly-owned subsidiary of NYSE
Group. NYSE Group is a wholly-owned
subsidiary of NYSE Holdings, which is
in turn 100% owned by ICE Holdings.
ICE is a public company listed on the
New York Stock Exchange LLC (the
‘‘NYSE’’), and owns 100% of ICE
Holdings.6 Following the Acquisition,
the Exchange will continue to be
registered as a national securities
exchange.7 According to the Exchange,
as it does today, the Exchange will
continue to have separate rules,
membership rosters, and listings that
will be distinct from the rules,
membership rosters, and listings of the
three other registered national securities
exchanges owned by NYSE Group,
namely, the NYSE, NYSE MKT LLC
(‘‘NYSE MKT’’), and NYSE Arca, Inc.
(‘‘NYSE Arca’’) (together, the ‘‘NYSE
Exchanges’’).8
In connection with the Acquisition,
the Exchange proposes to amend its
Certificate of Incorporation and Third
Amended and Restated Bylaws. In
addition, the Exchange proposes to
amend certain corporate governance
documents of NYSE Group, NYSE
Holdings, ICE Holdings and ICE,9 such
that the conditions in those documents
are equally applicable to the NYSE
NSX.10 According to the Exchange, the
and Restated Bylaws of ICE. Specifically, the
Exchange replaced a reference in Section 12.1(a)(1)
of Article XII of the ICE Bylaws to ‘‘the Amended
and Restated Certificate of Incorporation of the
Corporation’’ with a reference to ‘‘these bylaws.’’
Amendment No. 1 was technical in nature and
therefore does not need to be published for
comment.
6 See Notice, supra note 4, at 96552.
7 See id.
8 See id.
9 The NYSE Exchanges filed proposed rule
changes, which propose similar amendments to
their respective governance documents. See
Securities Exchange Act Release Nos. 79671
(December 22, 2016), 81 FR 96128 (SR–NYSE–
2016–90); 79678 (December 22, 2016), 81 FR 96102
(May 16, 2016) (SR–NYSEArca–2016–167); and
79675 (December 22, 2016), 81 FR 96128 (May 16,
2016) (SR–NYSEMKT–2016–122).
10 See Securities Exchange Act Release No. 70210
(August 15, 2013), 78 FR 51758 (August 21, 2013)
(approving rule changes related to NYSE Euronext
becoming a wholly owned subsidiary of ICE (then
called IntercontinentalExchange Group, Inc.)).
E:\FR\FM\03FEN1.SGM
03FEN1
Federal Register / Vol. 82, No. 22 / Friday, February 3, 2017 / Notices
amendments would reflect the
Exchange’s proposed new ownership
and, in certain cases, align the
Exchange’s governance provisions to
those of other NYSE Exchanges.11
asabaliauskas on DSK3SPTVN1PROD with NOTICES
III. Discussion and Commission
Findings
After careful review, the Commission
finds that the proposed rule change, as
modified by Amendment No. 1, is
consistent with the requirements of
Section 6 of the Act 12 and the rules and
regulations thereunder applicable to a
national securities exchange.13 In
particular, the Commission finds that
the proposed rule change is consistent
with Sections 6(b)(1) and (3) of the
Act,14 which, among other things,
require a national securities exchange to
be so organized and have the capacity
to be able to carry out the purposes of
the Act, and to enforce compliance by
its members and persons associated
with its members with the provisions of
the Act, the rules and regulations
thereunder, and the rules of the
exchange, and assure the fair
representation of its members in the
selection of its directors and
administration of its affairs, and provide
that one or more directors shall be
representative of issuers and investors
and not be associated with a member of
the exchange, broker, or dealer. The
Commission also finds that the proposal
is consistent with Section 6(b)(5) of the
Act,15 which requires that the rules of
an exchange be 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.16
According to the Exchange, the
proposed rule change consists of (i) nonsubstantive changes that will conform
terminology of the Exchange to that of
the NYSE Exchanges, and (ii)
substantive and/or procedural changes
that are designed to conform the
Exchange’s rules and procedures to
11 See note 9. The proposed changes to the
governance documents, NSX Rules and fee
schedule are set forth in greater detail in the Notice.
See Notice, supra note 4, at 96553–63.
12 15 U.S.C. 78f.
13 In approving this proposed rule change, the
Commission has considered the proposed rule’s
impact on efficiency, competition, and capital
formation. See 15 U.S.C. 78c(f).
14 15 U.S.C. 78f(b)(1) and (b)(3).
15 15 U.S.C. 78f(b)(5).
16 The text of the proposed rule change is
consistent with Sections 6(b)(1), (3) and (5) of the
Act. However, the Commission notes that the
Exchange must continue to comply with the
provisions of the Commission’s Cease and Desist
Order. See Securities Exchange Act Release No.
51714 (May 19, 2005).
VerDate Sep<11>2014
17:26 Feb 02, 2017
Jkt 241001
those of other NYSE Exchanges.17 The
Exchange has represented to the
Commission that the proposed rule
change presents no novel issues, as all
of the substantive and/or procedural
changes are derived from existing rules
of other NYSE Exchanges. Furthermore,
the Exchange has made the following
representations:
• The proposed rule change would
continue the requirement in the
Exchange’s Bylaws that an independent
board committee oversees the adequacy
and effectiveness of the performance of
the Exchange’s self-regulatory
responsibilities; 18
• The Regulatory Oversight
Committee would be similar in
composition and function to committees
of other self-regulatory organizations,
and would be similarly designed to (i)
ensure the adequacy and effectiveness
of the Exchange’s regulatory and selfregulatory responsibilities; and (ii) to
assist the Board and any other
committees of the Board in reviewing
the regulatory plan and the overall
effectiveness of the Exchange’s
regulatory functions.19
• The proposed rule change is not
inconsistent with the Order Instituting
Administrative and Cease-and-Desist
Proceedings Pursuant to Sections 19(h)
and 21C of the Securities Exchange Act
of 1934, Making Findings, and Imposing
Remedial Sanctions and Cease-andDesist Order, entered by the
Commission on May 19, 2005.20
• The changes to the corporate and
governance structure will place the
Exchange in a better position to improve
its technology and engage in valueenhancing transactions that will enable
the Exchange to more effectively
participate and compete in the
marketplace.21
• The Exchange’s proposed changes
to its corporate governance structure are
designed to align its structure with that
of the NYSE Exchanges to promote a
consistent approach to corporate
governance, and to simplify and create
greater consistency with the
organizational documents and
governance practices of the NYSE
Exchange.22
The Exchange has represented to the
Commission that it believes that the
benefits of aligning its corporate
documents to those of other NYSE
Exchanges outweigh the costs, if any, to
leaving its rules as is and being the sole
17 See
Notice, supra note 4, at 96563–64.
id. at 96563.
19 See id.
20 See id. at 96553. See also note 16.
21 See id. at 96554.
22 See id. at 96552–53.
outlier among the NYSE Exchanges. The
Commission also notes that it received
no comments on the proposed rule
change. Finally, the Commission
believes that uniformity of terminology
as well as corporate governance
structure among the wholly owned
subsidiaries of NYSE Group, including
the NYSE Exchanges and the Exchange,
to the extent possible, should allow for
a more streamlined, consistent, and
effective approach to both compliance
and surveillance in furtherance of the
rules of the Exchange and the federal
securities laws.
IV. Conclusion
For the foregoing reasons, the
Commission finds that the proposed
rule change, as modified by Amendment
No. 1, is consistent with the Act and the
rules and regulations thereunder
applicable to a national securities
exchange.
It is therefore ordered, pursuant to
Section 19(b)(2) of the Act 23 that the
proposed rule change (SR–NSX–2016–
16), as modified by Amendment No.1,
be, and hereby is, approved.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.24
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017–02263 Filed 2–2–17; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–79894; File No. SR–Phlx–
2017–04]
Self-Regulatory Organizations;
NASDAQ PHLX LLC; Notice of Filing of
Proposed Rule Change To Permit the
Listing and Trading of P.M.-Settled
NASDAQ–100 Index® Options on a
Pilot Basis
January 30, 2017.
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 January
18, 2017, 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
18 See
PO 00000
Frm 00069
Fmt 4703
Sfmt 4703
9259
23 15
U.S.C. 78s(b)(2).
CFR 200.30–3(a)(12).
1 15 U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
24 17
E:\FR\FM\03FEN1.SGM
03FEN1
]]>Agencies
[Federal Register Volume 82, Number 22 (Friday, February 3, 2017)]
[Notices]
[Pages 9258-9259]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-02263]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-79902; File No. SR-NSX-2016-16]
Self-Regulatory Organizations; National Stock Exchange, Inc.;
Order Approving Proposed Rule Change, as Modified by Amendment No. 1,
in Connection With a Proposed Acquisition of the Exchange by NYSE
Group, Inc.
January 30, 2017.
I. Introduction
On December 22, 2016, National Stock Exchange, Inc. (``NSX'' or the
``Exchange'') filed with the Securities and Exchange Commission
(``Commission''), pursuant to Section 19(b)(1) \1\ of the Securities
Exchange Act of 1934 (``Act''),\2\ and Rule 19b-4 thereunder,\3\ a
proposed rule change to make certain amendments to its corporate
governance documents and rules, and the corporate governance documents
of NYSE Group, Inc. (``NYSE Group''), NYSE Holdings LLC (``NYSE
Holdings''), Intercontinental Exchange Holdings, Inc. (``ICE
Holdings''), and Intercontinental Exchange, Inc. (``ICE'') in order to
effectuate a proposed transaction (the ``Transaction'') in which the
Exchange will become a wholly-owned subsidiary of NYSE Group. The
proposed rule change was published for comment in the Federal Register
on December 30, 2016.\4\ On January 23, 2017, the Exchange submitted
Amendment No. 1 to the proposed rule change.\5\ The Commission received
no comments on the proposal. This order approves the proposal, as
modified by Amendment No. 1.
---------------------------------------------------------------------------
\1\ 15 U.S.C. 78s(b)(1).
\2\ 15 U.S.C. 78a.
\3\ 17 CFR 240.19b-4.
\4\ See Securities Exchange Act Release No. 79684 (December 23,
2016), 81 FR 96552 (SR-NSX-2016-16) (``Notice'').
\5\ In Amendment No. 1, the Exchange corrected a technical error
in the proposed Seventh Amended and Restated Bylaws of ICE.
Specifically, the Exchange replaced a reference in Section
12.1(a)(1) of Article XII of the ICE Bylaws to ``the Amended and
Restated Certificate of Incorporation of the Corporation'' with a
reference to ``these bylaws.'' Amendment No. 1 was technical in
nature and therefore does not need to be published for comment.
---------------------------------------------------------------------------
II. Description of the Proposal
On December 14, 2016, ICE entered into an agreement with the
Exchange pursuant to which its wholly-owned subsidiary, NYSE Group,
will acquire all of the outstanding capital stock of the Exchange (the
``Acquisition''). As a result of the Acquisition, the Exchange will be
renamed NYSE National, Inc. (``NYSE National'') and will be operated as
a wholly-owned subsidiary of NYSE Group. NYSE Group is a wholly-owned
subsidiary of NYSE Holdings, which is in turn 100% owned by ICE
Holdings. ICE is a public company listed on the New York Stock Exchange
LLC (the ``NYSE''), and owns 100% of ICE Holdings.\6\ Following the
Acquisition, the Exchange will continue to be registered as a national
securities exchange.\7\ According to the Exchange, as it does today,
the Exchange will continue to have separate rules, membership rosters,
and listings that will be distinct from the rules, membership rosters,
and listings of the three other registered national securities
exchanges owned by NYSE Group, namely, the NYSE, NYSE MKT LLC (``NYSE
MKT''), and NYSE Arca, Inc. (``NYSE Arca'') (together, the ``NYSE
Exchanges'').\8\
---------------------------------------------------------------------------
\6\ See Notice, supra note 4, at 96552.
\7\ See id.
\8\ See id.
---------------------------------------------------------------------------
In connection with the Acquisition, the Exchange proposes to amend
its Certificate of Incorporation and Third Amended and Restated Bylaws.
In addition, the Exchange proposes to amend certain corporate
governance documents of NYSE Group, NYSE Holdings, ICE Holdings and
ICE,\9\ such that the conditions in those documents are equally
applicable to the NYSE NSX.\10\ According to the Exchange, the
[[Page 9259]]
amendments would reflect the Exchange's proposed new ownership and, in
certain cases, align the Exchange's governance provisions to those of
other NYSE Exchanges.\11\
---------------------------------------------------------------------------
\9\ The NYSE Exchanges filed proposed rule changes, which
propose similar amendments to their respective governance documents.
See Securities Exchange Act Release Nos. 79671 (December 22, 2016),
81 FR 96128 (SR-NYSE-2016-90); 79678 (December 22, 2016), 81 FR
96102 (May 16, 2016) (SR-NYSEArca-2016-167); and 79675 (December 22,
2016), 81 FR 96128 (May 16, 2016) (SR-NYSEMKT-2016-122).
\10\ See Securities Exchange Act Release No. 70210 (August 15,
2013), 78 FR 51758 (August 21, 2013) (approving rule changes related
to NYSE Euronext becoming a wholly owned subsidiary of ICE (then
called IntercontinentalExchange Group, Inc.)).
\11\ See note 9. The proposed changes to the governance
documents, NSX Rules and fee schedule are set forth in greater
detail in the Notice. See Notice, supra note 4, at 96553-63.
---------------------------------------------------------------------------
III. Discussion and Commission Findings
After careful review, the Commission finds that the proposed rule
change, as modified by Amendment No. 1, is consistent with the
requirements of Section 6 of the Act \12\ and the rules and regulations
thereunder applicable to a national securities exchange.\13\ In
particular, the Commission finds that the proposed rule change is
consistent with Sections 6(b)(1) and (3) of the Act,\14\ which, among
other things, require a national securities exchange to be so organized
and have the capacity to be able to carry out the purposes of the Act,
and to enforce compliance by its members and persons associated with
its members with the provisions of the Act, the rules and regulations
thereunder, and the rules of the exchange, and assure the fair
representation of its members in the selection of its directors and
administration of its affairs, and provide that one or more directors
shall be representative of issuers and investors and not be associated
with a member of the exchange, broker, or dealer. The Commission also
finds that the proposal is consistent with Section 6(b)(5) of the
Act,\15\ which requires that the rules of an exchange be 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.\16\
---------------------------------------------------------------------------
\12\ 15 U.S.C. 78f.
\13\ In approving this proposed rule change, the Commission has
considered the proposed rule's impact on efficiency, competition,
and capital formation. See 15 U.S.C. 78c(f).
\14\ 15 U.S.C. 78f(b)(1) and (b)(3).
\15\ 15 U.S.C. 78f(b)(5).
\16\ The text of the proposed rule change is consistent with
Sections 6(b)(1), (3) and (5) of the Act. However, the Commission
notes that the Exchange must continue to comply with the provisions
of the Commission's Cease and Desist Order. See Securities Exchange
Act Release No. 51714 (May 19, 2005).
---------------------------------------------------------------------------
According to the Exchange, the proposed rule change consists of (i)
non-substantive changes that will conform terminology of the Exchange
to that of the NYSE Exchanges, and (ii) substantive and/or procedural
changes that are designed to conform the Exchange's rules and
procedures to those of other NYSE Exchanges.\17\ The Exchange has
represented to the Commission that the proposed rule change presents no
novel issues, as all of the substantive and/or procedural changes are
derived from existing rules of other NYSE Exchanges. Furthermore, the
Exchange has made the following representations:
---------------------------------------------------------------------------
\17\ See Notice, supra note 4, at 96563-64.
---------------------------------------------------------------------------
The proposed rule change would continue the requirement in
the Exchange's Bylaws that an independent board committee oversees the
adequacy and effectiveness of the performance of the Exchange's self-
regulatory responsibilities; \18\
---------------------------------------------------------------------------
\18\ See id. at 96563.
---------------------------------------------------------------------------
The Regulatory Oversight Committee would be similar in
composition and function to committees of other self-regulatory
organizations, and would be similarly designed to (i) ensure the
adequacy and effectiveness of the Exchange's regulatory and self-
regulatory responsibilities; and (ii) to assist the Board and any other
committees of the Board in reviewing the regulatory plan and the
overall effectiveness of the Exchange's regulatory functions.\19\
---------------------------------------------------------------------------
\19\ See id.
---------------------------------------------------------------------------
The proposed rule change is not inconsistent with the
Order Instituting Administrative and Cease-and-Desist Proceedings
Pursuant to Sections 19(h) and 21C of the Securities Exchange Act of
1934, Making Findings, and Imposing Remedial Sanctions and Cease-and-
Desist Order, entered by the Commission on May 19, 2005.\20\
---------------------------------------------------------------------------
\20\ See id. at 96553. See also note 16.
---------------------------------------------------------------------------
The changes to the corporate and governance structure will
place the Exchange in a better position to improve its technology and
engage in value-enhancing transactions that will enable the Exchange to
more effectively participate and compete in the marketplace.\21\
---------------------------------------------------------------------------
\21\ See id. at 96554.
---------------------------------------------------------------------------
The Exchange's proposed changes to its corporate
governance structure are designed to align its structure with that of
the NYSE Exchanges to promote a consistent approach to corporate
governance, and to simplify and create greater consistency with the
organizational documents and governance practices of the NYSE
Exchange.\22\
---------------------------------------------------------------------------
\22\ See id. at 96552-53.
---------------------------------------------------------------------------
The Exchange has represented to the Commission that it believes
that the benefits of aligning its corporate documents to those of other
NYSE Exchanges outweigh the costs, if any, to leaving its rules as is
and being the sole outlier among the NYSE Exchanges. The Commission
also notes that it received no comments on the proposed rule change.
Finally, the Commission believes that uniformity of terminology as well
as corporate governance structure among the wholly owned subsidiaries
of NYSE Group, including the NYSE Exchanges and the Exchange, to the
extent possible, should allow for a more streamlined, consistent, and
effective approach to both compliance and surveillance in furtherance
of the rules of the Exchange and the federal securities laws.
IV. Conclusion
For the foregoing reasons, the Commission finds that the proposed
rule change, as modified by Amendment No. 1, is consistent with the Act
and the rules and regulations thereunder applicable to a national
securities exchange.
It is therefore ordered, pursuant to Section 19(b)(2) of the Act
\23\ that the proposed rule change (SR-NSX-2016-16), as modified by
Amendment No.1, be, and hereby is, approved.
---------------------------------------------------------------------------
\23\ 15 U.S.C. 78s(b)(2).
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\24\
---------------------------------------------------------------------------
\24\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017-02263 Filed 2-2-17; 8:45 am]
BILLING CODE 8011-01-P
