Self-Regulatory Organizations; The Depository Trust Company; National Securities Clearing Corporation; Fixed Income Clearing Corporation; Notice of Designation of Longer Period for Commission Action on Proposed Rule Changes, as Modified by Amendments No. 1, To Adopt the Clearing Agency Policy on Capital Requirements and the Clearing Agency Capital Replenishment Plan, 27093-27094 [2017-12155]
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Federal Register / Vol. 82, No. 112 / Tuesday, June 13, 2017 / Notices
term expiration months) or a total of
seven expiration months (one long term
expiration month plus six additional
long-term expiration months), and thus
is ambiguous. Accordingly, for clarity,
the Exchange proposes to delete the
word ‘‘additional’’ from Rule 406(a). As
amended, the rule would clearly and
simply provide that the Exchange may
list up to six long-term expiration
months (i.e., that expire from twelve up
to thirty-nine months from the time they
are listed).
Finally, in order to further clarify the
Rule, the Exchange is proposing to
amend Rule 406(a) to state that there
may be up to six (6) long-term
expiration months per option class.
Thus, there is no limit to the number of
option classes for which the Exchange
could list options with long-term
expiration months; the rule will now
clearly state that there may be up to six
long-term expiration months per class,
i.e., for any class(es) in which the
Exchange determines to list options
with long-term expiration months.
2. Statutory Basis
MIAX believes that its proposed rule
change is consistent with Section 6(b) of
the Act 3 in general, and furthers the
objectives of Section 6(b)(5) of the Act 4
in particular, in that it is designed to
prevent fraudulent and manipulative
acts and practices, to promote just and
equitable principles of trade, to foster
cooperation and coordination with
persons engaged in facilitating
transactions in securities, to remove
impediments to and perfect the
mechanisms of a free and open market
and a national market system and, in
general, to protect investors and the
public interest, by clarifying rule
language associated with permitted
listings of long term options on the
Exchange.
nlaroche on DSK30NT082PROD with NOTICES
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 that is not
necessary or appropriate in furtherance
of the purposes of the Act. The
proposed rule change will have no
impact on competition as it is not
designed to address any competitive
issues but rather to add additional
clarity to, and remedy possible conflicts
in, the Exchange’s Rules.
The Exchange does not believe that
the proposed rule changes will impose
any burden on intermarket competition
3 15
4 15
U.S.C. 78f(b).
U.S.C. 78f(b)(5).
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as the Rules apply equally to all
Exchange Members.
C. Self-Regulatory Organization’s
Statement on Comments on the
Proposed Rule Change Received From
Members, Participants, or Others
Written comments were neither
solicited nor 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) of the Act 5 and
subparagraph (f)(6) of Rule 19b–4
thereunder.6
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 necessary or appropriate in the
public interest, for the protection of
investors, or otherwise in furtherance of
the purposes of the Act.
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 No. SR–
MIAX–2017–27 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 No.
SR–MIAX–2017–27. This file number
should be included on the subject line
if email is used. To help the
5 15
U.S.C. 78s(b)(3)(A).
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.
6 17
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27093
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 No. SR–MIAX–
2017–27, and should be submitted on or
before July 5, 2017.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.7
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017–12151 Filed 6–12–17; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–80878; File Nos. SR–DTC–
2017–003, SR–NSCC–2017–004, SR–FICC–
2017–007]
Self-Regulatory Organizations; The
Depository Trust Company; National
Securities Clearing Corporation; Fixed
Income Clearing Corporation; Notice of
Designation of Longer Period for
Commission Action on Proposed Rule
Changes, as Modified by Amendments
No. 1, To Adopt the Clearing Agency
Policy on Capital Requirements and
the Clearing Agency Capital
Replenishment Plan
June 7, 2017.
On April 6, 2017, The Depository
Trust Company (‘‘DTC’’), National
Securities Clearing Corporation
(‘‘NSCC’’), and Fixed Income Clearing
7 17
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CFR 200.30–3(a)(12).
13JNN1
27094
Federal Register / Vol. 82, No. 112 / Tuesday, June 13, 2017 / Notices
nlaroche on DSK30NT082PROD with NOTICES
Corporation (‘‘FICC,’’ and together with
DTC and NSCC, the ‘‘Clearing
Agencies’’), filed with the Securities and
Exchange Commission (‘‘Commission’’)
proposed rule changes SR–DTC–2017–
003, SR–NSCC–2017–004, SR–FICC–
2017–007, respectively, pursuant to
Section 19(b)(1) of the Securities
Exchange Act of 1934 (‘‘Act’’) 1 and Rule
19b–4 thereunder.2 On April 13, 2017,
the Clearing Agencies filed
Amendments No. 1 to the proposed rule
changes, which made technical
corrections to the page numbers and the
Table of Contents in the Exhibit 5s. The
proposed rule changes, as modified by
Amendments No. 1 (hereinafter,
‘‘Proposed Rule Changes’’), were
published for comment in the Federal
Register on April 25, 2017.3 The
Commission did not receive any
comments 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 notice for the
Proposed Rule Changes is June 9, 2017.
The Commission is extending the 45day time period for Commission action
on the Proposed Rule Changes. The
Commission finds that it is appropriate
to designate a longer period within
which to take action on the Proposed
Rule Changes so that it has sufficient
time to consider and take action on the
Proposed Rule Changes.
Accordingly, pursuant to Section
19(b)(2) of the Act 5 and for the reasons
stated above, the Commission
designates July 24, 2017 as the date by
which the Commission shall either
approve, disapprove, or institute
proceedings to determine whether to
disapprove proposed rule changes SR–
DTC–2017–003, SR–NSCC–2017–004,
and SR–FICC–2017–007.
1 15
U.S.C. 78s(b)(1).
CFR 240.19b–4.
3 Securities Exchange Act Release No. 80491
(April 19, 2017), 82 FR 19127 (April 25, 2017) (SR–
DTC–2017–003, SR–NSCC–2017–004, SR–FICC–
2017–007).
4 15 U.S.C. 78s(b)(2).
5 15 U.S.C. 78s(b)(2)(A)(ii)(I).
2 17
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For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.6
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017–12155 Filed 6–12–17; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–80877; File Nos. SR–DTC–
2017–004; SR–NSCC–2017–005; SR–FICC–
2017–008]
Self-Regulatory Organizations; The
Depository Trust Company; National
Securities Clearing Corporation; Fixed
Income Clearing Corporation; Notice of
Designation of Longer Period for
Commission Action on Proposed Rule
Changes, as Modified by Amendments
No. 1, To Adopt the Clearing Agency
Liquidity Risk Management Framework
June 7, 2017.
On April 6, 2017, The Depository
Trust Company (‘‘DTC’’), National
Securities Clearing Corporation
(‘‘NSCC’’), and Fixed Income Clearing
Corporation (‘‘FICC,’’ and together with
DTC and NSCC, the ‘‘Clearing
Agencies’’), filed with the Securities and
Exchange Commission (‘‘Commission’’)
proposed rule changes SR–DTC–2017–
004, SR–NSCC–2017–005, SR–FICC–
2017–008, respectively, pursuant to
Section 19(b)(1) of the Securities
Exchange Act of 1934 (‘‘Act’’) 1 and Rule
19b–4 thereunder.2 On April 13, 2017,
the Clearing Agencies filed
Amendments No. 1 to the proposed rule
changes, which made technical
corrections to the page numbers and the
Table of Contents in the Exhibit 5s. The
proposed rule changes, as modified by
Amendments No. 1 (hereinafter,
‘‘Proposed Rule Changes’’), were
published for comment in the Federal
Register on April 25, 2017.3 The
Commission did not receive any
comments 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
6 17
CFR 200.30–3(a)(31).
U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
3 Securities Exchange Act Release No. 80489
(April 19, 2017), 82 FR 19120 (April 25, 2017) (SR–
DTC–2017–004, SR–NSCC–2017–005, SR–FICC–
2017–008).
4 15 U.S.C. 78s(b)(2).
1 15
PO 00000
Frm 00059
Fmt 4703
Sfmt 4703
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 notice for the
Proposed Rule Changes is June 9, 2017.
The Commission is extending the 45day time period for Commission action
on the Proposed Rule Changes. The
Commission finds that it is appropriate
to designate a longer period within
which to take action on the Proposed
Rule Changes so that it has sufficient
time to consider and take action on the
Proposed Rule Changes.
Accordingly, pursuant to Section
19(b)(2) of the Act 5 and for the reasons
stated above, the Commission
designates July 24, 2017 as the date by
which the Commission shall either
approve, disapprove, or institute
proceedings to determine whether to
disapprove proposed rule changes SR–
DTC–2017–004, SR–NSCC–2017–005,
and SR–FICC–2017–008.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.6
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017–12154 Filed 6–12–17; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–80873; File No. SR–ISE–
2017–51]
Self-Regulatory Organizations; Nasdaq
ISE, LLC; Notice of Filing and
Immediate Effectiveness of Proposed
Rule Change To Remove Chapter 21
From the ISE Rulebook
June 7, 2017.
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 June 5,
2017, Nasdaq ISE, LLC (‘‘ISE’’ 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.
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
E:\FR\FM\13JNN1.SGM
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]]>Agencies
[Federal Register Volume 82, Number 112 (Tuesday, June 13, 2017)]
[Notices]
[Pages 27093-27094]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-12155]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-80878; File Nos. SR-DTC-2017-003, SR-NSCC-2017-004, SR-
FICC-2017-007]
Self-Regulatory Organizations; The Depository Trust Company;
National Securities Clearing Corporation; Fixed Income Clearing
Corporation; Notice of Designation of Longer Period for Commission
Action on Proposed Rule Changes, as Modified by Amendments No. 1, To
Adopt the Clearing Agency Policy on Capital Requirements and the
Clearing Agency Capital Replenishment Plan
June 7, 2017.
On April 6, 2017, The Depository Trust Company (``DTC''), National
Securities Clearing Corporation (``NSCC''), and Fixed Income Clearing
[[Page 27094]]
Corporation (``FICC,'' and together with DTC and NSCC, the ``Clearing
Agencies''), filed with the Securities and Exchange Commission
(``Commission'') proposed rule changes SR-DTC-2017-003, SR-NSCC-2017-
004, SR-FICC-2017-007, respectively, pursuant to Section 19(b)(1) of
the Securities Exchange Act of 1934 (``Act'') \1\ and Rule 19b-4
thereunder.\2\ On April 13, 2017, the Clearing Agencies filed
Amendments No. 1 to the proposed rule changes, which made technical
corrections to the page numbers and the Table of Contents in the
Exhibit 5s. The proposed rule changes, as modified by Amendments No. 1
(hereinafter, ``Proposed Rule Changes''), were published for comment in
the Federal Register on April 25, 2017.\3\ The Commission did not
receive any comments on the Proposed Rule Changes.
---------------------------------------------------------------------------
\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
\3\ Securities Exchange Act Release No. 80491 (April 19, 2017),
82 FR 19127 (April 25, 2017) (SR-DTC-2017-003, SR-NSCC-2017-004, SR-
FICC-2017-007).
---------------------------------------------------------------------------
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 notice for the Proposed Rule Changes
is June 9, 2017.
---------------------------------------------------------------------------
\4\ 15 U.S.C. 78s(b)(2).
---------------------------------------------------------------------------
The Commission is extending the 45-day time period for Commission
action on the Proposed Rule Changes. The Commission finds that it is
appropriate to designate a longer period within which to take action on
the Proposed Rule Changes so that it has sufficient time to consider
and take action on the Proposed Rule Changes.
Accordingly, pursuant to Section 19(b)(2) of the Act \5\ and for
the reasons stated above, the Commission designates July 24, 2017 as
the date by which the Commission shall either approve, disapprove, or
institute proceedings to determine whether to disapprove proposed rule
changes SR-DTC-2017-003, SR-NSCC-2017-004, and SR-FICC-2017-007.
---------------------------------------------------------------------------
\5\ 15 U.S.C. 78s(b)(2)(A)(ii)(I).
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. 2017-12155 Filed 6-12-17; 8:45 am]
BILLING CODE 8011-01-P
