Self-Regulatory Organizations; Chicago Board Options Exchange, Incorporated; Notice of Withdrawal of a Proposed Rule Change Related to Rules Regarding the Responsibility for Ensuring Compliance With Priority and Allocation Requirements and Trade-Through Prohibitions in Open Outcry Trading, 26824 [2017-11964]
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26824
Federal Register / Vol. 82, No. 110 / Friday, June 9, 2017 / Notices
in connection with the operation of its
Retail Liquidity Program, until June 30,
2017.
The limited and temporary exemption
extended by this Order is subject to
modification or revocation if at any time
the Commission determines that such
action is necessary or appropriate in
furtherance of the purposes of the
Securities Exchange Act of 1934.
Responsibility for compliance with
any applicable provisions of the Federal
securities laws must rest with the
persons relying on the exemption that is
the subject of this Order.
For the Commission, by the Division
of Trading and Markets, pursuant to
delegated authority.8
Robert W. Errett,
Deputy Secretary.
disapprove the proposed rule change.5
On March 17, 2017, the Commission
instituted proceedings under Section
19(b)(2)(B) of the Act,6 to determine
whether to approve or disapprove the
proposed rule change.7 The Commission
received seven comments on the
proposed rule change, including
responses by the Exchange.8
On June 2, 2017, the Exchange
withdrew the proposed rule change
(SR–CBOE–2016–082).
SECURITIES AND EXCHANGE
COMMISSION
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.9
Robert W. Errett,
Deputy Secretary.
June 5, 2017.
[FR Doc. 2017–11964 Filed 6–8–17; 8:45 am]
BILLING CODE 8011–01–P
[FR Doc. 2017–11965 Filed 6–8–17; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–80859; SR–CBOE–2016–
082]
Self-Regulatory Organizations;
Chicago Board Options Exchange,
Incorporated; Notice of Withdrawal of
a Proposed Rule Change Related to
Rules Regarding the Responsibility for
Ensuring Compliance With Priority and
Allocation Requirements and TradeThrough Prohibitions in Open Outcry
Trading
mstockstill on DSK30JT082PROD with NOTICES
June 5, 2017.
On December 1, 2016, the Chicago
Board Options Exchange, Incorporated
(‘‘CBOE’’ or ‘‘Exchange’’) filed with the
Securities and Exchange Commission
(‘‘Commission’’), pursuant to Section
19(b)(1) of the Securities Exchange Act
of 1934 (‘‘Exchange Act’’) 1 and Rule
19b–4 thereunder,2 a proposed rule
change to amend Exchange rules
regarding responsibility for ensuring
compliance with open outcry priority
and allocation requirements and tradethrough prohibitions. The proposed rule
change was published for comment in
the Federal Register on December 19,
2016.3 On January 31, 2017, pursuant to
Section 19(b)(2) of the Exchange Act,4
the Commission designated a longer
period within which to approve the
proposed rule change, disapprove the
proposed rule change, or institute
proceedings to determine whether to
8 17
CFR 200.30–3(a)(83).
U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
3 See Securities Exchange Act Release No. 79540
(December 13, 2016), 81 FR 91967 (‘‘Notice’’).
4 15 U.S.C. 78s(b)(2).
1 15
VerDate Sep<11>2014
19:25 Jun 08, 2017
Jkt 241001
5 See Securities Exchange Act Release No. 79910,
82 FR 9464 (February 6, 2017). The Commission
designated March 19, 2017, as the date by which
the Commission shall either approve or disapprove,
or institute proceedings to determine whether to
disapprove, the proposed rule change.
6 15 U.S.C. 78s(b)(2)(B).
7 See Securities Exchange Act Release No. 80270,
82 FR 14926 (March 23, 2017).
8 See Letters to Brent J. Fields, Secretary,
Commission, from: (1) Joan C. Conley, Senior Vice
President and Corporate Secretary, Nasdaq, dated
December 22, 2016; (2) Steve Crutchfield, Head of
Market Structure, CTC Trading Group, LLC; Kevin
Coleman, Chief Compliance Officer, Belvedere
Trading LLC; Scott Kloin, Chief Compliance Officer,
Citadel Securities LLC; Steven Gaston, Chief
Compliance Officer, Consolidated Trading LLC; Rob
Armour, Chief Compliance Officer, DRW Securities,
LLC; John Kinahan, Chief Executive Officer, Group
One Trading L.P.; Daniel Overmyer, Chief
Compliance Officer, IMC Financial Markets; Steven
Gaston, Chief Compliance Officer, Lamberson
Capital LLC; and Patrick Hickey, Head of Market
Structure, Optiver US LLC, dated February 16,
2017; (3) Joanna Mallers, Secretary, FIA Principal
Traders Group, dated April 13, 2017; (4) Steve
Crutchfield, Head of Market Structure, CTC Trading
Group, LLC; Kevin Coleman, Chief Compliance
Officer, Belvedere Trading LLC; Scott Kloin, Chief
Compliance Officer, Citadel Securities LLC; Steven
Gaston, Chief Compliance Officer, Consolidated
Trading LLC; Rob Armour, Chief Compliance
Officer, DRW Securities, LLC; John Kinahan, Chief
Executive Officer, Group One Trading L.P.; Daniel
Overmyer, Chief Compliance Officer, IMC Financial
Markets; Steven Gaston, Chief Compliance Officer,
Lamberson Capital LLC; and Patrick Hickey, Head
of Market Structure, Optiver US LLC, dated April
13, 2017; and (5) Mark E. Gannon, Chief
Compliance Officer, Lakeshore Securities, L.P.,
dated April 13, 2017. See also Letters to Brent J.
Fields, Secretary, Commission, from Kyle Edwards,
Counsel, CBOE, dated March 14, 2017 and April 27,
2017. The comment letters and CBOE’s responses
are available at https://www.sec.gov/comments/srcboe-2016-082/cboe2016082.shtml.
9 17 CFR 200.30–3(a)(12).
PO 00000
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[Release No. 34–80858; File No. SR–ICC–
2017–003]
Self-Regulatory Organizations; ICE
Clear Credit LLC; Notice of Filing of
Amendment No. 1 and Order
Approving Proposed Rule Change, as
Modified by Amendment No. 1 Thereto,
Relating to ICC’s End-of-Day Price
Discovery Policies and Procedures
I. Introduction
On February 16, 2017, ICE Clear
Credit LLC (‘‘ICC’’ or ‘‘ICE Clear
Credit’’) 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 (SR–ICC–2017–
003) to amend ICC’s End-of-Day Price
Discovery Policies and Procedures
(‘‘Pricing Policy’’) to implement a new
price submission process for Clearing
Participants (‘‘CPs’’). The proposed rule
change was published for comment in
the Federal Register on March 9, 2017.3
The Commission did not receive
comments regarding the proposed
changes. On April 21, 2017, the
Commission extended the period in
which to approve, disapprove, or
institute proceedings to determine
whether to disapprove the proposed
rule change to June 7, 2017.4 On May
25, 2017, ICC filed Amendment No. 1 to
the proposal.5 For the reasons discussed
below, the Commission is approving the
proposed rule changes, as modified by
Amendment No. 1.
II. Description of the Proposed Rule
Change
ICC has proposed changes to its
Pricing Policy that are designed to
implement a new price submission
process. As part of its current price
submission process, ICC requires CPs to
submit certain required price
information to an intermediary, which
ICC then obtains and uses as part of its
1 15
U.S.C. 78s(b)(1).
CFR 240.19b–4.
Exchange Act Release No. 34–80150
(March 3, 2017), 82 FR 13173 (March 9, 2017) (SR–
ICC–2017–003) (‘‘Notice’’).
4 Securities Exchange Act Release No. 34–80506
(April 21, 2017), 82 FR 19412 (April 27, 2017).
5 ICE Clear Credit filed Amendment No. 1 to
clarify that the implementation date for the
proposed rule change will be July 10, 2017, and to
note that ICE Clear Credit will issue a circular
confirming this timeline in advance of the July 10,
2017 implementation date. Because Amendment
No. 1 is a clarifying amendment that does not alter
the substance of the propose rule change the
Commission is not publishing it for comment.
2 17
3 Securities
E:\FR\FM\09JNN1.SGM
09JNN1
Agencies
[Federal Register Volume 82, Number 110 (Friday, June 9, 2017)]
[Notices]
[Page 26824]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-11964]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-80859; SR-CBOE-2016-082]
Self-Regulatory Organizations; Chicago Board Options Exchange,
Incorporated; Notice of Withdrawal of a Proposed Rule Change Related to
Rules Regarding the Responsibility for Ensuring Compliance With
Priority and Allocation Requirements and Trade-Through Prohibitions in
Open Outcry Trading
June 5, 2017.
On December 1, 2016, the Chicago Board Options Exchange,
Incorporated (``CBOE'' or ``Exchange'') filed with the Securities and
Exchange Commission (``Commission''), pursuant to Section 19(b)(1) of
the Securities Exchange Act of 1934 (``Exchange Act'') \1\ and Rule
19b-4 thereunder,\2\ a proposed rule change to amend Exchange rules
regarding responsibility for ensuring compliance with open outcry
priority and allocation requirements and trade-through prohibitions.
The proposed rule change was published for comment in the Federal
Register on December 19, 2016.\3\ On January 31, 2017, pursuant to
Section 19(b)(2) of the Exchange Act,\4\ the Commission designated a
longer period within which to approve the proposed rule change,
disapprove the proposed rule change, or institute proceedings to
determine whether to disapprove the proposed rule change.\5\ On March
17, 2017, the Commission instituted proceedings under Section
19(b)(2)(B) of the Act,\6\ to determine whether to approve or
disapprove the proposed rule change.\7\ The Commission received seven
comments on the proposed rule change, including responses by the
Exchange.\8\
---------------------------------------------------------------------------
\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
\3\ See Securities Exchange Act Release No. 79540 (December 13,
2016), 81 FR 91967 (``Notice'').
\4\ 15 U.S.C. 78s(b)(2).
\5\ See Securities Exchange Act Release No. 79910, 82 FR 9464
(February 6, 2017). The Commission designated March 19, 2017, as the
date by which the Commission shall either approve or disapprove, or
institute proceedings to determine whether to disapprove, the
proposed rule change.
\6\ 15 U.S.C. 78s(b)(2)(B).
\7\ See Securities Exchange Act Release No. 80270, 82 FR 14926
(March 23, 2017).
\8\ See Letters to Brent J. Fields, Secretary, Commission, from:
(1) Joan C. Conley, Senior Vice President and Corporate Secretary,
Nasdaq, dated December 22, 2016; (2) Steve Crutchfield, Head of
Market Structure, CTC Trading Group, LLC; Kevin Coleman, Chief
Compliance Officer, Belvedere Trading LLC; Scott Kloin, Chief
Compliance Officer, Citadel Securities LLC; Steven Gaston, Chief
Compliance Officer, Consolidated Trading LLC; Rob Armour, Chief
Compliance Officer, DRW Securities, LLC; John Kinahan, Chief
Executive Officer, Group One Trading L.P.; Daniel Overmyer, Chief
Compliance Officer, IMC Financial Markets; Steven Gaston, Chief
Compliance Officer, Lamberson Capital LLC; and Patrick Hickey, Head
of Market Structure, Optiver US LLC, dated February 16, 2017; (3)
Joanna Mallers, Secretary, FIA Principal Traders Group, dated April
13, 2017; (4) Steve Crutchfield, Head of Market Structure, CTC
Trading Group, LLC; Kevin Coleman, Chief Compliance Officer,
Belvedere Trading LLC; Scott Kloin, Chief Compliance Officer,
Citadel Securities LLC; Steven Gaston, Chief Compliance Officer,
Consolidated Trading LLC; Rob Armour, Chief Compliance Officer, DRW
Securities, LLC; John Kinahan, Chief Executive Officer, Group One
Trading L.P.; Daniel Overmyer, Chief Compliance Officer, IMC
Financial Markets; Steven Gaston, Chief Compliance Officer,
Lamberson Capital LLC; and Patrick Hickey, Head of Market Structure,
Optiver US LLC, dated April 13, 2017; and (5) Mark E. Gannon, Chief
Compliance Officer, Lakeshore Securities, L.P., dated April 13,
2017. See also Letters to Brent J. Fields, Secretary, Commission,
from Kyle Edwards, Counsel, CBOE, dated March 14, 2017 and April 27,
2017. The comment letters and CBOE's responses are available at
https://www.sec.gov/comments/sr-cboe-2016-082/cboe2016082.shtml.
---------------------------------------------------------------------------
On June 2, 2017, the Exchange withdrew the proposed rule change
(SR-CBOE-2016-082).
---------------------------------------------------------------------------
\9\ 17 CFR 200.30-3(a)(12).
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\9\
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2017-11964 Filed 6-8-17; 8:45 am]
BILLING CODE 8011-01-P