Self-Regulatory Organizations; NYSE Arca, Inc; Notice of Designation of Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change, as Modified by Amendment Nos. 1-4, To Amend the Co-location Services Offered by the Exchange To Add Certain Access and Connectivity Fees, 11951-11952 [2017-03796]

Download as PDF Federal Register / Vol. 82, No. 37 / Monday, February 27, 2017 / Notices Conduct of the Meeting Philip O. Alderson, M.D., will chair the meeting. Dr. Alderson will conduct the meeting in a manner that will facilitate the orderly conduct of business. The following procedures apply to public participation in the meeting: 1. Persons who wish to provide a written statement should submit an electronic copy to Ms. Smethers using the contact information listed above. All submittals must be received by April 21, 2017, and must pertain to the topic on the agenda for the meeting. 2. Questions and comments from members of the public will be permitted during the meeting, at the discretion of the Chairman. 3. The draft transcript and meeting summary will be available on ACMUI’s Web site http://www.nrc.gov/readingrm/doc-collections/acmui/meetings/ 2017.html on or about June 14, 2017. 4. Persons who require special services, such as those for the hearing impaired, should notify Ms. Smethers of their planned attendance. This meeting will be held in accordance with the Atomic Energy Act of 1954, as amended (primarily Section 161a); the Federal Advisory Committee Act (5 U.S.C. App); and the Commission’s regulations in 10 CFR part 7. Dated at Rockville, Maryland, this 21st day of February, 2017. For the Nuclear Regulatory Commission. Andrew L. Bates, Advisory Committee Management Officer. [FR Doc. 2017–03733 Filed 2–24–17; 8:45 am] BILLING CODE 7590–01–P OVERSEAS PRIVATE INVESTMENT CORPORATION Sunshine Act Meeting Notice Thursday, December 8, 2016, 2 p.m. (OPEN Portion), 2:15 p.m. (CLOSED Portion). PLACE: Offices of the Corporation, Twelfth Floor Board Room, 1100 New York Avenue NW., Washington, DC. STATUS: Meeting OPEN to the Public from 2 p.m. to 2:15 p.m. Closed portion will commence at 2:15 p.m. (approx.). mstockstill on DSK3G9T082PROD with NOTICES TIME AND DATE: Matters to be Considered 1. President’s Report 2. Minutes of the Open Session of the September 15, 2016 Board of Directors Meeting Further Matters to be Considered (Closed to the Public 2:15 P.M.) 1. Insurance Project—Jordan VerDate Sep<11>2014 20:23 Feb 24, 2017 Jkt 241001 2. Insurance Project—Israel 3. Finance Project—Africa, South Asia 4. Finance Project—Africa 5. Minutes of the Closed Session of the September 15, 2016 Board of Directors Meeting 6. Reports 7. Pending Projects CONTACT PERSON FOR MORE INFORMATION: Information on the meeting may be obtained from Catherine F.I. Andrade at (202) 336–8768, or via email at Catherine.Andrade@opic.gov. Dated: November 9, 2016. Catherine F.I. Andrade, Corporate Secretary, Overseas Private Investment Corporation. [FR Doc. 2017–03905 Filed 2–23–17; 4:15 pm] BILLING CODE 3210–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–80076; File No. SR– NYSEArca–2016–89] Self-Regulatory Organizations; NYSE Arca, Inc; Notice of Designation of Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change, as Modified by Amendment Nos. 1–4, To Amend the Co-location Services Offered by the Exchange To Add Certain Access and Connectivity Fees February 22, 2017. On August 16, 2016, NYSE Arca, Inc. (‘‘NYSE Arca’’ or the ‘‘Exchange’’) filed with the Securities and Exchange Commission (‘‘Commission’’), pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (‘‘Act’’) 1 and Rule 19b–4 thereunder,2 a proposed rule change to (1) provide additional information regarding access to various NYSE trading and execution services and establish fees for connectivity to certain NYSE market data feeds; and (2) provide and establish fees for connectivity to data feeds from third party markets and other content service providers; access to the trading and execution services of Third Party markets and other content service providers; connectivity to Depository Trust & Clearing Corporation services; connectivity to third party testing and certification feeds; and the use of virtual control circuits by Users in the Data Center. The Commission published the proposed rule change for comment in the Federal Register on August 26, 1 15 2 17 PO 00000 U.S.C. 78s(b)(1). CFR 240.19b–4. Frm 00061 Fmt 4703 Sfmt 4703 11951 2016.3 The Commission received no comments in response to the proposed rule change.4 On October 4, 2016, the Commission extended the time period within which to approve the proposed rule change, disapprove the proposed rule change, or institute proceedings to determine whether to approve or disapprove the proposed rule change to November 24, 2016.5 On November 2, 2016, the Exchange filed Amendment No. 1 to the proposed rule change.6 On November 29, 2016, the Commission instituted proceedings to determine whether to approve or disapprove the proposed rule change, as modified by Amendment No. 1.7 Following the Order Instituting Proceedings, the Commission received several additional comment letters regarding the proposed rule change.8 On December 9, 2016, the Exchange filed Amendment No. 2 to the proposed rule change and on December 13, 2016 also 3 See Securities Exchange Act Release No. 34– 78628 (August 22, 2016), 81 FR 59004 (‘‘Notice’’). 4 The Commission notes that it did receive one comment letter on a related filing, NYSE–2016–45 (the ‘‘NYSE Companion Filing’’),which is equally relevant to this filing. See letter to Brent J. Fields, Secretary, Commission, from John Ramsay, Chief Market Policy Officer, Investors Exchange LLC (IEX), dated September 9, 2016 (‘‘IEX Letter’’). On September 23, 2016, the NYSE submitted a response (‘‘Response Letter I’’). 5 See Securities Exchange Act Release No. 34– 78967 (September 28, 2016), 81 FR 68480. 6 Amendment No. 1 is available on the Commission’s Web site at https://www.sec.gov/ comments/sr-nysearca-2016-89/nysearca2016891.pdf. 7 See Securities Exchange Act Release 34-79379 (November 22, 2016), 81 FR 86036. 8 See letter to Brent J. Fields, Commission, from Melissa MacGregor, Managing Director and Associate General Counsel, SIFMA, dated December 12, 2016 (‘‘SIFMA Letter I’’); letter to Brent J. Fields, Commission, from Joe Wald, Chief Executive Officer, Clearpool Group, dated December 16, 2016 (‘‘Clearpool Letter’’); letter to Brent J. Fields, Secretary, Commission, from John Ramsay, Chief Market Policy Officer, Investors Exchange LLC (IEX), dated December 21, 2016 (‘‘IEX Letter II’’); letter to Brent J. Fields, Commission, from Melissa MacGregor, Managing Director and Associate General Counsel, SIFMA, dated February 6, 2017 (‘‘SIFMA Letter II’’). All comments received by the Commission on the proposed rule change are available on the Commission’s Web site at: https:// www.sec.gov/comments/sr-nysearca-2016-89/ nysearca201689.shtml. The Commission notes that it did receive additional comment letters on the NYSE Companion Filing which are equally relevant to this filing. See letter to Brent J. Fields, Commission, from Adam C. Cooper, Senior Managing Director and Chief Legal Officer, Citadel Securities, dated December 12, 2016 (‘‘Citadel Letter’’); letter to Brent J. Fields, Commission, from David L. Cavicke, Chief Legal Officer, Wolverine LLC (‘‘Wolverine Letter’’); letter to Bent J. Fields, Secretary, Commission, from Stefano Durdic, Managing Director, R2G Services, LLC, dated January 21, 2017 (‘‘R2G Letter’’). All comments received by the Commission on the NYSE Companion Filing are available on the Commission’s Web site at: https://www.sec.gov/ comments/sr-nyse-2016-45/nyse201645.shtml. E:\FR\FM\27FEN1.SGM 27FEN1 11952 Federal Register / Vol. 82, No. 37 / Monday, February 27, 2017 / Notices mstockstill on DSK3G9T082PROD with NOTICES filed Amendment No. 3 to the proposed rule change.9 Amendment Nos. 2 and 3, which together supersede and replace the proposed rule change, as modified by Amendment No. 1, in its entirety, were published for comment in the Federal Register on December 29, 2016.10 On January 17, 2017, the Exchange responded to the comment letters submitted after the OIP and prior to January 17, 2017.11 On February 7, 2017, the Exchange filed Amendment No. 4 to the proposed rule change.12 On February 13, 2017, the Exchange responded to a comment letter submitted after January 17, 2017.13 Section 19(b)(2) of the Act 14 provides that, after initiating proceedings, the Commission shall issue an order approving or disapproving the proposed rule change not later than 180 days after the date of publication of notice of the filing of the proposed rule change. The Commission may extend the period for issuing an order approving or disapproving the proposed rule change, however, by not more than 60 days if the Commission determines that a longer period is appropriate and publishes the reasons for such determination. The proposed rule change was published for notice and comment in the Federal Register on August 26, 2016.15 February 22, 2017 is 180 days from that date, and April 23, 2017 is an additional 60 days from that date. The Commission finds it appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change so that it has sufficient time to consider the proposed rule change, as modified by Amendment Nos. 1–4, the issues raised in the comment letters that have 9 The Commission notes that the Exhibit 5 filed with Amendment No. 2 contained erroneous rule text and therefore was corrected in Amendment No. 3. Amendment Nos. 2 and 3 are available at https:// www.sec.gov/comments/sr-nysearca-2016-89/ nysearca201689.shtml. 10 See Securities Exchange Act Release No. 34– 79673 (December 22, 2016), 81 FR 96107 (‘‘Notice of Current Proposal’’). 11 See NYSE Response Letter II (‘‘Response Letter II’’), available at https://www.sec.gov/comments/srnyse-2016-45/nyse201645-1502013-130586.pdf. The R2G and SIFMA II Letters, supra note 8, were submitted after the Response Letter II. The Commission notes that in footnote 4 of Response Letter II the Exchange notes that its response to commenters on the NYSE Companion Filing applies equally to this filing. 12 Amendment No. 4, as filed by the Exchange, is available at https://www.sec.gov/comments/srnysearca-2016-89/nysearca201689-1570736131691.pdf. 13 See NYSE Response Letter III (‘‘Response Letter III’’), available at https://www.sec.gov/comments/srnyse-2016-45/nyse201645-1580192-131885.pdf. 14 15 U.S.C. 78s(b)(2). 15 See supra note 3. VerDate Sep<11>2014 20:23 Feb 24, 2017 Jkt 241001 been submitted in connection therewith, and the Exchange’s response to the comments. Accordingly, the Commission, pursuant to Section 19(b)(2) of the Act,16 designates April 23, 2017 as the date by which the Commission should either approve or disapprove the proposed rule change, as modified by Amendments Nos. 1–4. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.17 Eduardo A. Aleman, Assistant Secretary. [FR Doc. 2017–03796 Filed 2–24–17; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–80073; File No. SR– NYSEMKT–2017–08] Self-Regulatory Organizations; NYSE MKT LLC; Notice of Filing of Proposed Rule Change To Amend Rule 925.1NY Regarding Market Maker Quotations, Including To Adopt a Market Maker Light Only Quotation February 21, 2017. 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 February 10, 2017, NYSE MKT LLC (the ‘‘Exchange’’ or ‘‘NYSE MKT’’) filed with the Securities and Exchange Commission (the ‘‘Commission’’) the proposed rule change as described in Items I and II below, which Items have been prepared by the self-regulatory organization. The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons. I. Self-Regulatory Organization’s Statement of the Terms of Substance of the Proposed Rule Change The Exchange proposes to amend Rule 925.1NY regarding Market Maker Quotations, including to adopt a Market Maker Light Only Quotation. 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. 16 15 U.S.C. 78s(b)(2). CFR 200.30–3(a)(57). 1 15 U.S.C.78s(b)(1). 2 15 U.S.C. 78a. 3 17 CFR 240.19b–4. 17 17 PO 00000 Frm 00062 Fmt 4703 Sfmt 4703 II. Self-Regulatory Organization’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change In its filing with the Commission, the self-regulatory organization included statements concerning the purpose of, and basis for, the proposed rule change and discussed any comments it received on the proposed rule change. The text of those statements may be examined at the places specified in Item IV below. The Exchange has prepared summaries, set forth in sections A, B, and C below, of the most significant parts of such statements. A. Self-Regulatory Organization’s Statement of the Purpose of, and the Statutory Basis for, the Proposed Rule Change 1. Purpose The purpose of this filing is to modify Rule 925.1NY regarding Market Maker Quotations. Rule 925.1NY(a) provides that a Market Maker may enter quotes in the option issues included in its appointment. The Exchange proposes to amend Rule 925.1NY(a) to define Market Maker quotes, add a new quote type, and specify how such quotes would be processed when a series is open for trading. Defining Market Maker Quotes and Adopting Market Maker Light Only Quotes First, the Exchange proposes to define Market Maker quotes to provide that ‘‘[t]he term ‘quote’ or ‘quotation’ means a bid or offer entered by a Market Maker that updates the Market Maker’s previous bid or offer, if any.’’ 4 This proposed definition, which would add clarity, transparency, and internal consistency to Exchange rules, is identical or substantially identical to the way quotes are defined on at least two other options exchanges.5 Consistent with this change, the Exchange also proposes to modify the current definition of ‘‘Quote with Size’’ to include a cross reference to the proposed definition of quotation, which would add clarity and transparency to Exchange rules.6 4 See proposed Rule 925.1NY(a)(1). e.g., International Securities Exchange Rule 100(42). See also BOX Options Exchange LLC Rule 100(a)(55) (providing that ‘‘[t]he term ‘‘quote’’ or ‘‘quotation’’ means a bid or offer entered by a Market Maker as a firm order that updates the Market Maker’s previous bid or offer, if any’’). 6 See proposed Rule 900.2NY(65) (providing that ‘‘the term ‘Quote with Size’ means a quotation (as defined in Rule 925.1NY (a)(1)) to buy or sell a specific number of option contracts at a specific price that a Market Maker has submitted to the System through an electronic interface’’). 5 See, E:\FR\FM\27FEN1.SGM 27FEN1

Agencies

[Federal Register Volume 82, Number 37 (Monday, February 27, 2017)]
[Notices]
[Pages 11951-11952]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-03796]


=======================================================================
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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-80076; File No. SR-NYSEArca-2016-89]


Self-Regulatory Organizations; NYSE Arca, Inc; Notice of 
Designation of Longer Period for Commission Action on Proceedings To 
Determine Whether To Approve or Disapprove a Proposed Rule Change, as 
Modified by Amendment Nos. 1-4, To Amend the Co-location Services 
Offered by the Exchange To Add Certain Access and Connectivity Fees

February 22, 2017.
    On August 16, 2016, NYSE Arca, Inc. (``NYSE Arca'' or the 
``Exchange'') filed with the Securities and Exchange Commission 
(``Commission''), pursuant to Section 19(b)(1) of the Securities 
Exchange Act of 1934 (``Act'') \1\ and Rule 19b-4 thereunder,\2\ a 
proposed rule change to (1) provide additional information regarding 
access to various NYSE trading and execution services and establish 
fees for connectivity to certain NYSE market data feeds; and (2) 
provide and establish fees for connectivity to data feeds from third 
party markets and other content service providers; access to the 
trading and execution services of Third Party markets and other content 
service providers; connectivity to Depository Trust & Clearing 
Corporation services; connectivity to third party testing and 
certification feeds; and the use of virtual control circuits by Users 
in the Data Center.
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
---------------------------------------------------------------------------

    The Commission published the proposed rule change for comment in 
the Federal Register on August 26, 2016.\3\ The Commission received no 
comments in response to the proposed rule change.\4\ On October 4, 
2016, the Commission extended the time period within which to approve 
the proposed rule change, disapprove the proposed rule change, or 
institute proceedings to determine whether to approve or disapprove the 
proposed rule change to November 24, 2016.\5\
---------------------------------------------------------------------------

    \3\ See Securities Exchange Act Release No. 34-78628 (August 22, 
2016), 81 FR 59004 (``Notice'').
    \4\ The Commission notes that it did receive one comment letter 
on a related filing, NYSE-2016-45 (the ``NYSE Companion 
Filing''),which is equally relevant to this filing. See letter to 
Brent J. Fields, Secretary, Commission, from John Ramsay, Chief 
Market Policy Officer, Investors Exchange LLC (IEX), dated September 
9, 2016 (``IEX Letter'').
    On September 23, 2016, the NYSE submitted a response (``Response 
Letter I'').
    \5\ See Securities Exchange Act Release No. 34-78967 (September 
28, 2016), 81 FR 68480.
---------------------------------------------------------------------------

    On November 2, 2016, the Exchange filed Amendment No. 1 to the 
proposed rule change.\6\ On November 29, 2016, the Commission 
instituted proceedings to determine whether to approve or disapprove 
the proposed rule change, as modified by Amendment No. 1.\7\ Following 
the Order Instituting Proceedings, the Commission received several 
additional comment letters regarding the proposed rule change.\8\ On 
December 9, 2016, the Exchange filed Amendment No. 2 to the proposed 
rule change and on December 13, 2016 also

[[Page 11952]]

filed Amendment No. 3 to the proposed rule change.\9\ Amendment Nos. 2 
and 3, which together supersede and replace the proposed rule change, 
as modified by Amendment No. 1, in its entirety, were published for 
comment in the Federal Register on December 29, 2016.\10\ On January 
17, 2017, the Exchange responded to the comment letters submitted after 
the OIP and prior to January 17, 2017.\11\ On February 7, 2017, the 
Exchange filed Amendment No. 4 to the proposed rule change.\12\ On 
February 13, 2017, the Exchange responded to a comment letter submitted 
after January 17, 2017.\13\
---------------------------------------------------------------------------

    \6\ Amendment No. 1 is available on the Commission's Web site at 
https://www.sec.gov/comments/sr-nysearca-2016-89/nysearca201689-1.pdf.
    \7\ See Securities Exchange Act Release 34-79379 (November 22, 
2016), 81 FR 86036.
    \8\ See letter to Brent J. Fields, Commission, from Melissa 
MacGregor, Managing Director and Associate General Counsel, SIFMA, 
dated December 12, 2016 (``SIFMA Letter I''); letter to Brent J. 
Fields, Commission, from Joe Wald, Chief Executive Officer, 
Clearpool Group, dated December 16, 2016 (``Clearpool Letter''); 
letter to Brent J. Fields, Secretary, Commission, from John Ramsay, 
Chief Market Policy Officer, Investors Exchange LLC (IEX), dated 
December 21, 2016 (``IEX Letter II''); letter to Brent J. Fields, 
Commission, from Melissa MacGregor, Managing Director and Associate 
General Counsel, SIFMA, dated February 6, 2017 (``SIFMA Letter 
II''). All comments received by the Commission on the proposed rule 
change are available on the Commission's Web site at: https://www.sec.gov/comments/sr-nysearca-2016-89/nysearca201689.shtml.
     The Commission notes that it did receive additional comment 
letters on the NYSE Companion Filing which are equally relevant to 
this filing. See letter to Brent J. Fields, Commission, from Adam C. 
Cooper, Senior Managing Director and Chief Legal Officer, Citadel 
Securities, dated December 12, 2016 (``Citadel Letter''); letter to 
Brent J. Fields, Commission, from David L. Cavicke, Chief Legal 
Officer, Wolverine LLC (``Wolverine Letter''); letter to Bent J. 
Fields, Secretary, Commission, from Stefano Durdic, Managing 
Director, R2G Services, LLC, dated January 21, 2017 (``R2G 
Letter''). All comments received by the Commission on the NYSE 
Companion Filing are available on the Commission's Web site at: 
https://www.sec.gov/comments/sr-nyse-2016-45/nyse201645.shtml.
    \9\ The Commission notes that the Exhibit 5 filed with Amendment 
No. 2 contained erroneous rule text and therefore was corrected in 
Amendment No. 3. Amendment Nos. 2 and 3 are available at https://www.sec.gov/comments/sr-nysearca-2016-89/nysearca201689.shtml.
    \10\ See Securities Exchange Act Release No. 34-79673 (December 
22, 2016), 81 FR 96107 (``Notice of Current Proposal'').
    \11\ See NYSE Response Letter II (``Response Letter II''), 
available at https://www.sec.gov/comments/sr-nyse-2016-45/nyse201645-1502013-130586.pdf. The R2G and SIFMA II Letters, supra 
note 8, were submitted after the Response Letter II. The Commission 
notes that in footnote 4 of Response Letter II the Exchange notes 
that its response to commenters on the NYSE Companion Filing applies 
equally to this filing.
    \12\ Amendment No. 4, as filed by the Exchange, is available at 
https://www.sec.gov/comments/sr-nysearca-2016-89/nysearca201689-1570736-131691.pdf.
    \13\ See NYSE Response Letter III (``Response Letter III''), 
available at https://www.sec.gov/comments/sr-nyse-2016-45/nyse201645-1580192-131885.pdf.
---------------------------------------------------------------------------

    Section 19(b)(2) of the Act \14\ provides that, after initiating 
proceedings, the Commission shall issue an order approving or 
disapproving the proposed rule change not later than 180 days after the 
date of publication of notice of the filing of the proposed rule 
change. The Commission may extend the period for issuing an order 
approving or disapproving the proposed rule change, however, by not 
more than 60 days if the Commission determines that a longer period is 
appropriate and publishes the reasons for such determination. The 
proposed rule change was published for notice and comment in the 
Federal Register on August 26, 2016.\15\ February 22, 2017 is 180 days 
from that date, and April 23, 2017 is an additional 60 days from that 
date.
---------------------------------------------------------------------------

    \14\ 15 U.S.C. 78s(b)(2).
    \15\ See supra note 3.
---------------------------------------------------------------------------

    The Commission finds it appropriate to designate a longer period 
within which to issue an order approving or disapproving the proposed 
rule change so that it has sufficient time to consider the proposed 
rule change, as modified by Amendment Nos. 1-4, the issues raised in 
the comment letters that have been submitted in connection therewith, 
and the Exchange's response to the comments.
    Accordingly, the Commission, pursuant to Section 19(b)(2) of the 
Act,\16\ designates April 23, 2017 as the date by which the Commission 
should either approve or disapprove the proposed rule change, as 
modified by Amendments Nos. 1-4.
---------------------------------------------------------------------------

    \16\ 15 U.S.C. 78s(b)(2).
    \17\ 17 CFR 200.30-3(a)(57).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\17\
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017-03796 Filed 2-24-17; 8:45 am]
 BILLING CODE 8011-01-P