Self-Regulatory Organizations; New York Stock Exchange LLC; NYSE MKT LLC; Notice of Designation of a Longer Period for Commission Action on Proposed Rule Changes Amending NYSE Rule 36 and NYSE MKT Rule 36-Equities To Permit Exchange Floor Brokers To Use Non-Exchange Provided Telephones on the Floor, 25032 [2017-11142]
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25032
Federal Register / Vol. 82, No. 103 / Wednesday, May 31, 2017 / Notices
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–80753; File No. SR–NYSE–
2017–07; SR–NYSEMKT–2017–16]
Self-Regulatory Organizations; New
York Stock Exchange LLC; NYSE MKT
LLC; Notice of Designation of a Longer
Period for Commission Action on
Proposed Rule Changes Amending
NYSE Rule 36 and NYSE MKT Rule
36—Equities To Permit Exchange Floor
Brokers To Use Non-Exchange
Provided Telephones on the Floor
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.6
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017–11142 Filed 5–30–17; 8:45 am]
May 24, 2017.
nlaroche on DSK30NT082PROD with NOTICES
pursuant to Section 19(b)(2) of the Act,5
and for the reason noted above,
designates July 9, 2017 as the date by
which the Commission shall either
approve or disapprove, or institute
proceedings to determine whether to
disapprove, the proposed rule changes
(File Nos. SR–NYSE–2017–07 and SR–
NYSEMKT–2017–16).
On March 31, 2017 and March 22,
2017, New York Stock Exchange LLC
(‘‘NYSE’’) and NYSE MKT LLC (‘‘NYSE
MKT,’’ and each of NYSE and NYSE
MKT an ‘‘Exchange’’), respectively, 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 proposed rule
changes to permit Exchange floor
brokers to use cellular or wireless
telephones not provided by the
Exchange while on the Floor of the
Exchange and make related changes.
The proposed rule changes were
published for comment in the Federal
Register on April 10, 2017.3 No
comments have been received on the
proposed rule changes.
Section 19(b)(2) of the Act 4 provides
that within 45 days of the publication of
notice of the filing of a proposed rule
change, or within such longer period up
to 90 days as the Commission may
designate if it finds such longer period
to be appropriate and publishes its
reasons for so finding or as to which the
self-regulatory organization consents,
the Commission shall either approve the
proposed rule change, disapprove the
proposed rule change, or institute
proceedings to determine whether the
proposed rule change should be
disapproved. The 45th day after
publication of the notices for these
proposed rule changes is May 25, 2017.
The Commission is extending this 45day time period for Commission action
on the proposed rule changes.
The Commission finds it appropriate
to designate a longer period within
which to take action on the proposed
rule changes so that it has sufficient
time to consider these proposed rule
changes. Accordingly, the Commission,
1 15
U.S.C. 78s(b)(1).
CFR 240.19b–4.
3 See Securities Exchange Act Release Nos. 80374
(April 4, 2017), 82 FR 17306; and 80375 (April 4,
2017), 82 FR 17302.
4 15 U.S.C. 78s(b)(2).
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–80757; File No. SR–MIAX–
2017–23]
Self-Regulatory Organizations; Miami
International Securities Exchange LLC;
Notice of Filing and Immediate
Effectiveness of a Proposed Rule
Change To Amend MIAX Options Rule
510 To Extend the Penny Pilot Program
May 24, 2017.
Pursuant to the provisions of 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 May 16, 2017, Miami International
Securities Exchange, LLC (‘‘MIAX
Options’’ or ‘‘Exchange’’) filed with the
Securities and Exchange Commission
(‘‘Commission’’) a 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 is filing a proposal to
amend Exchange Rule 510,
Interpretations and Policies .01 to
extend the pilot program for the quoting
and trading of certain options in
pennies.
The text of the proposed rule change
is available on the Exchange’s Web site
at https://www.miaxoptions.com/rulefilings, at MIAX’s principal office, and
at the Commission’s Public Reference
Room.
2 17
VerDate Sep<11>2014
14:54 May 30, 2017
Jkt 241001
5 15
U.S.C. 78s(b)(2).
CFR 200.30–3(a)(31).
1 15 U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
6 17
PO 00000
Frm 00099
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
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 Exchange is a participant in an
industry-wide pilot program that
provides for the quoting and trading of
certain option classes in penny
increments (the ‘‘Penny Pilot Program’’
or ‘‘Program’’). The Penny Pilot Program
allows the quoting and trading of certain
option classes in minimum increments
of $0.01 for all series in such option
classes with a price of less than $3.00;
and in minimum increments of $0.05 for
all series in such option classes with a
price of $3.00 or higher. Options
overlying the PowerShares QQQTM
(‘‘QQQ’’), SPDR® S&P 500® ETF
(‘‘SPY’’), and iShares® Russell 2000 ETF
(‘‘IWM’’), however, are quoted and
traded in minimum increments of $0.01
for all series regardless of the price. The
Penny Pilot Program was initiated at the
then existing option exchanges in
January 2007 3 and currently includes
more than 300 of the most active option
classes. The Penny Pilot Program is
currently scheduled to expire on June
30, 2017.4 The purpose of the proposed
rule change is to extend the Penny Pilot
Program in its current format through
December 31, 2017.
In addition to the extension of the
Penny Pilot Program through December
31, 2017, the Exchange proposes to
extend one other date in the Rule.
3 See Securities Exchange Act Release Nos. 55154
(January 23, 2007), 72 FR 4743 (February 1, 2007)
(SR–CBOE–2006–92); 55161 (January 24, 2007), 72
FR 4754 (February 1, 2007) (SR–ISE–2006–62);
54886 (December 6, 2006), 71 FR 74979 (December
13, 2006) (SR–Phlx–2006–74); 54590 (October 12,
2006), 71 FR 61525 (October 18, 2006) (SR–
NYSEArca–2006–73); and 54741 (November 9,
2006), 71 FR 67176 (November 20, 2006) (SR–
Amex–2006–106).
4 See Securities Exchange Act Release No. 79432
(November 30, 2016), 81 FR 87990 (December 6,
2016) (SR–MIAX–2016–45) (extending the Penny
Pilot Program from December 31, 2016, to June 30,
2017).
E:\FR\FM\31MYN1.SGM
31MYN1
Agencies
[Federal Register Volume 82, Number 103 (Wednesday, May 31, 2017)]
[Notices]
[Page 25032]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-11142]
[[Page 25032]]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-80753; File No. SR-NYSE-2017-07; SR-NYSEMKT-2017-16]
Self-Regulatory Organizations; New York Stock Exchange LLC; NYSE
MKT LLC; Notice of Designation of a Longer Period for Commission Action
on Proposed Rule Changes Amending NYSE Rule 36 and NYSE MKT Rule 36--
Equities To Permit Exchange Floor Brokers To Use Non-Exchange Provided
Telephones on the Floor
May 24, 2017.
On March 31, 2017 and March 22, 2017, New York Stock Exchange LLC
(``NYSE'') and NYSE MKT LLC (``NYSE MKT,'' and each of NYSE and NYSE
MKT an ``Exchange''), respectively, 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\ proposed rule changes to permit Exchange floor brokers
to use cellular or wireless telephones not provided by the Exchange
while on the Floor of the Exchange and make related changes. The
proposed rule changes were published for comment in the Federal
Register on April 10, 2017.\3\ No comments have been received on the
proposed rule changes.
---------------------------------------------------------------------------
\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
\3\ See Securities Exchange Act Release Nos. 80374 (April 4,
2017), 82 FR 17306; and 80375 (April 4, 2017), 82 FR 17302.
---------------------------------------------------------------------------
Section 19(b)(2) of the Act \4\ provides that within 45 days of the
publication of notice of the filing of a proposed rule change, or
within such longer period up to 90 days as the Commission may designate
if it finds such longer period to be appropriate and publishes its
reasons for so finding or as to which the self-regulatory organization
consents, the Commission shall either approve the proposed rule change,
disapprove the proposed rule change, or institute proceedings to
determine whether the proposed rule change should be disapproved. The
45th day after publication of the notices for these proposed rule
changes is May 25, 2017. The Commission is extending this 45-day time
period for Commission action on the proposed rule changes.
---------------------------------------------------------------------------
\4\ 15 U.S.C. 78s(b)(2).
---------------------------------------------------------------------------
The Commission finds it appropriate to designate a longer period
within which to take action on the proposed rule changes so that it has
sufficient time to consider these proposed rule changes. Accordingly,
the Commission, pursuant to Section 19(b)(2) of the Act,\5\ and for the
reason noted above, designates July 9, 2017 as the date by which the
Commission shall either approve or disapprove, or institute proceedings
to determine whether to disapprove, the proposed rule changes (File
Nos. SR-NYSE-2017-07 and SR-NYSEMKT-2017-16).
---------------------------------------------------------------------------
\5\ 15 U.S.C. 78s(b)(2).
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\6\
---------------------------------------------------------------------------
\6\ 17 CFR 200.30-3(a)(31).
---------------------------------------------------------------------------
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017-11142 Filed 5-30-17; 8:45 am]
BILLING CODE 8011-01-P