Self-Regulatory Organizations; Bats BZX Exchange, Inc.; Bats EDGX Exchange, Inc.; BOX Options Exchange LLC; C2 Options Exchange, Incorporated; Chicago Board Options Exchange, Incorporated; Financial Industry Regulatory Authority, Inc.; International Securities Exchange, LLC; Investors Exchange LLC; Miami International Securities Exchange LLC; MIAX PEARL, LLC; The NASDAQ Stock Market LLC; NASDAQ BX, Inc.; NASDAQ PHLX, Inc.; New York Stock Exchange LLC; NYSE Arca, Inc.; NYSE MKT LLC; Notice of Designation of Longer Period for Commission Action on Proposed Rule Changes To Eliminate Requirements That Will Be Duplicative of CAT, 33533-33534 [2017-15190]
Download as PDF
<![CDATA[
Federal Register / Vol. 82, No. 138 / Thursday, July 20, 2017 / Notices
number should be included in 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 Section, 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 will also be available for
inspection and copying at the principal
office of the Exchange and on its
Internet Web site at
www.iextrading.com. 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 Number SR–IEX–
2017–23 and should be submitted on or
before August 10, 2017.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.13
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2017–15194 Filed 7–19–17; 8:45 am]
asabaliauskas on DSKBBXCHB2PROD with NOTICES
BILLING CODE 8011–01–P
the same purpose, and each of NYSE
Arca and NYSE MKT filed an additional
proposed rule change for the same
[Release No. 34–81145; File Nos. SR–
4
BatsBZX–2017–37; SR–BatsEDGX–2017–23; purpose. On May 26, 2017, the
NASDAQ Stock Market LLC
SR–BOX–2017–17; SR–C2–2017–018; SR–
(‘‘NASDAQ’’) and NASDAQ PHLX LLC
CBOE–2017–041; SR–FINRA–2017–013;
SR–ISE–2017–46; SR–IEX–2017–18; SR–
(‘‘Phlx’’) filed with the Commission
MIAX–2017–20; SR–PEARL–2017–23; SR–
proposed rule changes for the same
NASDAQ–2017–055; SR–BX–2017–027; SR– purpose. On May 30, 2017,5 NASDAQ
PHLX–2017–43; SR–NYSE–2017–23; SR–
BX, Inc. (‘‘BX’’) filed with the
NYSEArca–2017–57; SR–NYSEArca–2017–
59; SR–NYSEMKT–2017–29; SR–NYSEMKT– Commission a proposed rule change for
the same purpose. On June 1, 2017, the
2017–30]
proposed rule changes submitted by
Bats BZX, Bats EDGX, BOX, C2, CBOE,
Self-Regulatory Organizations; Bats
FINRA, IEX, ISE, MIAX, and PEARL;
BZX Exchange, Inc.; Bats EDGX
Exchange, Inc.; BOX Options
both proposed rule changes submitted
Exchange LLC; C2 Options Exchange,
by NYSE MKT; and one of the proposed
Incorporated; Chicago Board Options
rule changes submitted by NYSE Arca
Exchange, Incorporated; Financial
were published for comment in the
Industry Regulatory Authority, Inc.;
Federal Register.6 On June 2, 2017, the
International Securities Exchange,
proposed rule change submitted by
LLC; Investors Exchange LLC; Miami
NYSE and the other proposed rule
International Securities Exchange LLC; change submitted by NYSE Arca were
MIAX PEARL, LLC; The NASDAQ Stock published for comment in the Federal
Market LLC; NASDAQ BX, Inc.;
Register.7 On June 5, 2017, the proposed
NASDAQ PHLX, Inc.; New York Stock
rule changes submitted by NASDAQ,
Exchange LLC; NYSE Arca, Inc.; NYSE BX, and Phlx were published for
MKT LLC; Notice of Designation of
comment in the Federal Register.8 Four
Longer Period for Commission Action
on Proposed Rule Changes To
4 Nasdaq and Phlx initially filed proposed rule
Eliminate Requirements That Will Be
changes on May 15, 2017 (SR–NASDAQ–2017–050
and SR–PHLX–2017–38). On May 26, 2017, Nasdaq
Duplicative of CAT
SECURITIES AND EXCHANGE
COMMISSION
July 14, 2017.
On May 15, 2017, Bats BZX Exchange,
Inc. (‘‘Bats BZX’’); Bats EDGX Exchange,
Inc. (‘‘Bats EDGX’’); BOX Options
Exchange LLC (‘‘BOX’’); C2 Options
Exchange, Incorporated (‘‘C2’’); Chicago
Board Options Exchange, Incorporated
(‘‘CBOE’’); Financial Industry
Regulatory Authority, Inc. (‘‘FINRA’’);
International Securities Exchange, LLC
(‘‘ISE’’); Investors Exchange LLC
(‘‘IEX’’); Miami International Securities
Exchange LLC (‘‘MIAX’’); MIAX PEARL,
LLC (‘‘PEARL’’); NYSE Arca, Inc.
(‘‘NYSE Arca’’); and NYSE MKT LLC
(‘‘NYSE MKT’’) 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
eliminate or modify certain rules that
require the collection or reporting of
information that is duplicative of the
information that will be collected by the
Consolidated Audit Trail (‘‘CAT’’)
established pursuant to the National
Market System Plan contemplated by
Rule 613 of Regulation NMS.3 On May
22, 2017, the New York Stock Exchange
LLC (‘‘NYSE’’) filed with the
Commission a proposed rule change for
1 15
U.S.C. 78s(b)(1).
CFR 240.19b–4.
3 17 CFR 242.613.
2 17
13 17
CFR 200.30–3(a)(12).
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18:50 Jul 19, 2017
Jkt 241001
33533
PO 00000
Frm 00058
Fmt 4703
Sfmt 4703
and Phlx withdrew these filings and submitted new
proposed rule changes (SR–NASDAQ–2017–055
and SR–PHLX–2017–43) that remain pending
before the Commission.
5 BX initially filed a proposed rule change on May
15, 2017 (SR–BX–2017–025). On May 30, 2017, BX
withdrew that initial filing and submitted a new
proposed rule change (SR–BX–2017–027) that
remains pending before the Commission.
6 See Securities Exchange Act Release No. 80796
(May 26, 2017), 82 FR 25374 (SR–BatsBZX–2017–
37); Securities Exchange Act Release No. 80795
(May 26, 2017), 82 FR 25358 (SR–BatsEDGX–2017–
23); Securities Exchange Act Release No. 80789
(May 26, 2017), 82 FR 25492 (SR–BOX–2017–17);
Securities Exchange Act Release No. 80798 (May
26, 2017), 82 FR 25385 (SR–C2–2017–018);
Securities Exchange Act Release No. 80797 (May
26, 2017), 82 FR 25429 (SR–CBOE–2017–041);
Securities Exchange Act Release No. 80783 (May
26, 2017), 82 FR 25423 (SR–FINRA–2017–013);
Securities Exchange Act Release No. 80788 (May
26, 2017), 82 FR 25400 (SR–IEX–2017–18);
Securities Exchange Act Release No. 80787 (May
26, 2017), 82 FR 25469 (SR–ISE–2017–46);
Securities Exchange Act Release No. 80790 (May
26, 2017), 82 FR 25366 (SR–MIAX–2017–20);
Securities Exchange Act Release No. 80792 (May
26, 2017), 82 FR 25436 (SR–PEARL–2017–23);
Securities Exchange Act Release No. 80791 (May
26, 2017), 82 FR 25362 (SR–NYSEArca–2017–59);
Securities Exchange Act Release No. 80793 (May
26, 2017), 82 FR 25443 (SR–NYSEMKT–2017–29);
Securities Exchange Act Release No. 80794 (May
26, 2017), 82 FR 25439 (SR–NYSEMKT–2017–30).
7 See Securities Exchange Act Release No. 80799
(May 26, 2017), 82 FR 25635 (SR–NYSE–2017–23);
Securities Exchange Act Release No. 80800 (May
26, 2017), 82 FR 25639 (SR–NYSEArca–2017–57).
8 See Securities Exchange Act Release No. 80813
(May 30, 2017), 82 FR 25863 (SR–NASDAQ–2017–
055); Securities Exchange Act Release No. 80814
(May 30, 2017), 82 FR 25872 (SR–BX–2017–027);
Securities Exchange Act Release No. 80811 (May
30, 2017), 82 FR 25863 (SR–PHLX–2017–43).
E:\FR\FM\20JYN1.SGM
20JYN1
33534
Federal Register / Vol. 82, No. 138 / Thursday, July 20, 2017 / Notices
asabaliauskas on DSKBBXCHB2PROD with NOTICES
comments were submitted to File No.
SR–FINRA–2017–013.9 On June 22,
2017, each of NASDAQ, BX, ISE, and
Phlx filed a technical amendment to its
proposed rule change.10
Section 19(b)(2) of the Act 11 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 for the
proposed rule changes published on
June 1, 2017, is July 16, 2017. The 45th
day for the proposed rule changes
published on June 2, 2017, is July 17,
2017. The 45th day for the proposed
rule changes published on June 5, 2017,
is July 20, 2017.
The Commission is extending the 45day time period for Commission action
on each of 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 the
comments received and any response to
the comments that the self-regulatory
organizations might provide.
Accordingly, pursuant to Section
19(b)(2)(A)(ii)(I) of the Act 12 and for the
reasons stated above, the Commission
designates August 30, 2017, as the date
by which the Commission shall approve
or disapprove, or institute proceedings
to determine whether to disapprove, the
proposed rule changes (File Nos. SR–
BatsBZX–2017–37; SR–BatsEDGX–
2017–23; SR–BOX–2017–17; SR–C2–
2017–018; SR–CBOE–2017–041; SR–
FINRA–2017–013; SR–ISE–2017–46;
SR–IEX–2017–18; SR–MIAX–2017–20;
SR–PEARL–2017–23; SR–NASDAQ–
2017–055; SR–BX–2017–027; SR–
PHLX–2017–43; SR–NYSE–2017–23;
9 See letters from William H. Herbert, Managing
Director, Financial Information Forum, dated June
22, 2017; Manisha Kimmel, Chief Regulatory
Officer, Wealth Management, Thomson Reuters,
dated June 22, 2017; Marc R. Bryant, Senior Vice
President, Deputy General Counsel, Fidelity
Investments, dated June 22, 2017; and Ellen Greene,
Managing Director and Theodore R. Lazo, Managing
Director and Associate General Counsel, SIFMA,
dated June 23, 2017.
10 These amendments modified Section 2 of the
Form 19b–4 submitted by each of NASDAQ, BX,
ISE, and Phlx to state that on June 1, 2017, the
exchange obtained the necessary approval from its
Board of Directors for the proposed rule change.
11 15 U.S.C. 78s(b)(2).
12 15 U.S.C. 78s(b)(2)(A)(ii)(I).
VerDate Sep<11>2014
18:50 Jul 19, 2017
Jkt 241001
SR–NYSEArca–2017–57; SR–
NYSEArca–2017–59; SR–NYSEMKT–
2017–29; SR–NYSEMKT–2017–30).
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.13
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2017–15190 Filed 7–19–17; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–81150; File Nos. SR–NYSE–
2016–71 and SR–NYSEMKT 2016–99]
Self-Regulatory Organizations; New
York Stock Exchange LLC; NYSE MKT
LLC; Order Disapproving Proposed
Rule Changes Amending Exchange
Rule 104 To Delete Subsection
(g)(i)(A)(III), Which Prohibits
Designated Market Makers From
Engaging in Transactions, During the
Last Ten Minutes of Trading Before the
Close, That Establish a New High
(Low) Price for the Day on the
Exchange in an Assigned Security in
Which the DMM Has a Long (Short)
Position
July 1, 2017.
I. Introduction
On October 27, 2016, New York Stock
Exchange LLC (‘‘NYSE’’) and NYSE
MKT LLC (‘‘NYSE MKT’’) (each an
‘‘Exchange,’’ and collectively the
‘‘Exchanges’’) each 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 amending its respective Rule
104 to delete subsection (g)(i)(A)(III)—
‘‘Prohibited Transactions.’’ 3 Exchange
Rule 104(g)(i)(A)(III) prohibits
Designated Market Makers (‘‘DMMs’’)
from engaging in a transaction that
establishes, during the last ten minutes
of trading before the close, a new high
(low) price for the day on the Exchange
in an assigned security in which the
DMM has a long (short) position
(‘‘Prohibited Transactions Rule’’). The
CFR 200.30–3(a)(31).
U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
3 This order refers to both NYSE Rule 104 and
NYSE MKT Rule 104—Equities as ‘‘Exchange Rule
104.’’ NYSE MKT Rule 104—Equities is based on
and, in relevant part, substantively identical to
NYSE Rule 104. See Securities Exchange Act
Release Nos. 58705 (Oct. 1, 2008), 73 FR 58995
(Oct. 8. 2008) (SR–Amex–2008–63) and 59022 (Nov.
26, 2008), 73 FR 73683 (Dec. 3, 2008) (amending
NYSE MKT equity rules to conform to NYSE New
Market Model Pilot rules).
PO 00000
13 17
1 15
Frm 00059
Fmt 4703
Sfmt 4703
proposed rule changes were published
for comment in the Federal Register on
November 17, 2016.4
On December 20, 2016, the
Commission extended to February 15,
2017, the time period in which to
approve or disapprove the proposed
rule changes or to institute proceedings
to determine whether to approve or
disapprove the proposals.5 On February
15, 2017, the Commission instituted
proceedings to determine whether to
approve or disapprove the proposed
rule changes.6 The Commission then
received a comment letter, as well as a
combined response letter from NYSE
and NYSE MKT.7 On April 28, 2017, the
Commission designated a longer period
for Commission action on proceedings
to determine whether to approve or
disapprove the proposed rule changes.8
This order disapproves the proposed
rule changes.
II. Description of the Proposals
Currently, under Exchange Rule
104(g)(i)(A)(III), a DMM with a long
(short) position in an assigned security
cannot, during the last ten minutes
before the close of trading, make a
purchase (sale) in that security that
results in a new high (low) price on the
Exchange for the day.9 The Prohibited
Transactions Rule provides two
exceptions that permit a DMM to: (1)
Match another market’s better bid or
offer price; or (2) bring the price of a
security into parity with an underlying
or related security or asset.10 The
Exchanges propose to remove the
Prohibited Transactions Rule from their
rulebooks.
4 See Securities Exchange Act Release Nos. 79284
(Nov. 10, 2016), 81 FR 81222 (Nov. 17, 2016)
(‘‘NYSE Notice’’) and 79283 (Nov. 10, 2016), 81 FR
81210 (Nov. 17, 2016) (‘‘NYSE MKT Notice’’).
5 See Securities Exchange Act Release Nos. 79612
(Dec. 20, 2016), 81 FR 95205 (Dec. 27, 2016) and
79611 (Dec. 20, 2016), 81 FR 95205 (Dec. 27, 2016).
6 See Securities Exchange Act Release Nos. 80044
(Feb. 15, 2017), 82 FR 11388 (Feb. 22, 2017) (‘‘NYSE
Order Instituting Proceedings’’) and 80043 (Feb. 15,
2017), 82 FR 11379 (Feb. 22, 2017) (‘‘NYSE MKT
Order Instituting Proceedings’’) (collectively, the
‘‘Orders Instituting Proceedings’’).
7 See Letter from Stephen John Berger, Managing
Director, Government and Regulatory Policy,
Citadel Securities, to Brent J. Fields, Secretary,
Commission (Mar. 15, 2017) (‘‘Citadel Letter’’);
Letter from Elizabeth K. King, General Counsel and
Corporate Secretary, NYSE, to Brent J. Fields,
Secretary, Commission (Mar. 16, 2017) (‘‘NYSE
Letter’’). The Citadel Letter addressed only the
NYSE proposal, which is substantively identical to
the NYSE MKT proposal. The NYSE Letter was
submitted on behalf of both NYSE and NYSE MKT.
8 See Securities Exchange Act Release Nos. 80552
(Apr. 28, 2017), 82 FR 20927 (May 4, 2017) and
80550 (Apr. 28, 2017), 82 FR 20926 (May 4, 2017).
9 See Exchange Rule 104(g)(i)(A)(III).
10 See id.; see also Exchange Rule
104(g)(i)(A)(II)(2)(i).
E:\FR\FM\20JYN1.SGM
20JYN1
]]>Agencies
[Federal Register Volume 82, Number 138 (Thursday, July 20, 2017)]
[Notices]
[Pages 33533-33534]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-15190]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-81145; File Nos. SR-BatsBZX-2017-37; SR-BatsEDGX-2017-
23; SR-BOX-2017-17; SR-C2-2017-018; SR-CBOE-2017-041; SR-FINRA-2017-
013; SR-ISE-2017-46; SR-IEX-2017-18; SR-MIAX-2017-20; SR-PEARL-2017-23;
SR-NASDAQ-2017-055; SR-BX-2017-027; SR-PHLX-2017-43; SR-NYSE-2017-23;
SR-NYSEArca-2017-57; SR-NYSEArca-2017-59; SR-NYSEMKT-2017-29; SR-
NYSEMKT-2017-30]
Self-Regulatory Organizations; Bats BZX Exchange, Inc.; Bats EDGX
Exchange, Inc.; BOX Options Exchange LLC; C2 Options Exchange,
Incorporated; Chicago Board Options Exchange, Incorporated; Financial
Industry Regulatory Authority, Inc.; International Securities Exchange,
LLC; Investors Exchange LLC; Miami International Securities Exchange
LLC; MIAX PEARL, LLC; The NASDAQ Stock Market LLC; NASDAQ BX, Inc.;
NASDAQ PHLX, Inc.; New York Stock Exchange LLC; NYSE Arca, Inc.; NYSE
MKT LLC; Notice of Designation of Longer Period for Commission Action
on Proposed Rule Changes To Eliminate Requirements That Will Be
Duplicative of CAT
July 14, 2017.
On May 15, 2017, Bats BZX Exchange, Inc. (``Bats BZX''); Bats EDGX
Exchange, Inc. (``Bats EDGX''); BOX Options Exchange LLC (``BOX''); C2
Options Exchange, Incorporated (``C2''); Chicago Board Options
Exchange, Incorporated (``CBOE''); Financial Industry Regulatory
Authority, Inc. (``FINRA''); International Securities Exchange, LLC
(``ISE''); Investors Exchange LLC (``IEX''); Miami International
Securities Exchange LLC (``MIAX''); MIAX PEARL, LLC (``PEARL''); NYSE
Arca, Inc. (``NYSE Arca''); and NYSE MKT LLC (``NYSE MKT'') 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 eliminate or
modify certain rules that require the collection or reporting of
information that is duplicative of the information that will be
collected by the Consolidated Audit Trail (``CAT'') established
pursuant to the National Market System Plan contemplated by Rule 613 of
Regulation NMS.\3\ On May 22, 2017, the New York Stock Exchange LLC
(``NYSE'') filed with the Commission a proposed rule change for the
same purpose, and each of NYSE Arca and NYSE MKT filed an additional
proposed rule change for the same purpose. On May 26, 2017,\4\ the
NASDAQ Stock Market LLC (``NASDAQ'') and NASDAQ PHLX LLC (``Phlx'')
filed with the Commission proposed rule changes for the same purpose.
On May 30, 2017,\5\ NASDAQ BX, Inc. (``BX'') filed with the Commission
a proposed rule change for the same purpose. On June 1, 2017, the
proposed rule changes submitted by Bats BZX, Bats EDGX, BOX, C2, CBOE,
FINRA, IEX, ISE, MIAX, and PEARL; both proposed rule changes submitted
by NYSE MKT; and one of the proposed rule changes submitted by NYSE
Arca were published for comment in the Federal Register.\6\ On June 2,
2017, the proposed rule change submitted by NYSE and the other proposed
rule change submitted by NYSE Arca were published for comment in the
Federal Register.\7\ On June 5, 2017, the proposed rule changes
submitted by NASDAQ, BX, and Phlx were published for comment in the
Federal Register.\8\ Four
[[Page 33534]]
comments were submitted to File No. SR-FINRA-2017-013.\9\ On June 22,
2017, each of NASDAQ, BX, ISE, and Phlx filed a technical amendment to
its proposed rule change.\10\
---------------------------------------------------------------------------
\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
\3\ 17 CFR 242.613.
\4\ Nasdaq and Phlx initially filed proposed rule changes on May
15, 2017 (SR-NASDAQ-2017-050 and SR-PHLX-2017-38). On May 26, 2017,
Nasdaq and Phlx withdrew these filings and submitted new proposed
rule changes (SR-NASDAQ-2017-055 and SR-PHLX-2017-43) that remain
pending before the Commission.
\5\ BX initially filed a proposed rule change on May 15, 2017
(SR-BX-2017-025). On May 30, 2017, BX withdrew that initial filing
and submitted a new proposed rule change (SR-BX-2017-027) that
remains pending before the Commission.
\6\ See Securities Exchange Act Release No. 80796 (May 26,
2017), 82 FR 25374 (SR-BatsBZX-2017-37); Securities Exchange Act
Release No. 80795 (May 26, 2017), 82 FR 25358 (SR-BatsEDGX-2017-23);
Securities Exchange Act Release No. 80789 (May 26, 2017), 82 FR
25492 (SR-BOX-2017-17); Securities Exchange Act Release No. 80798
(May 26, 2017), 82 FR 25385 (SR-C2-2017-018); Securities Exchange
Act Release No. 80797 (May 26, 2017), 82 FR 25429 (SR-CBOE-2017-
041); Securities Exchange Act Release No. 80783 (May 26, 2017), 82
FR 25423 (SR-FINRA-2017-013); Securities Exchange Act Release No.
80788 (May 26, 2017), 82 FR 25400 (SR-IEX-2017-18); Securities
Exchange Act Release No. 80787 (May 26, 2017), 82 FR 25469 (SR-ISE-
2017-46); Securities Exchange Act Release No. 80790 (May 26, 2017),
82 FR 25366 (SR-MIAX-2017-20); Securities Exchange Act Release No.
80792 (May 26, 2017), 82 FR 25436 (SR-PEARL-2017-23); Securities
Exchange Act Release No. 80791 (May 26, 2017), 82 FR 25362 (SR-
NYSEArca-2017-59); Securities Exchange Act Release No. 80793 (May
26, 2017), 82 FR 25443 (SR-NYSEMKT-2017-29); Securities Exchange Act
Release No. 80794 (May 26, 2017), 82 FR 25439 (SR-NYSEMKT-2017-30).
\7\ See Securities Exchange Act Release No. 80799 (May 26,
2017), 82 FR 25635 (SR-NYSE-2017-23); Securities Exchange Act
Release No. 80800 (May 26, 2017), 82 FR 25639 (SR-NYSEArca-2017-57).
\8\ See Securities Exchange Act Release No. 80813 (May 30,
2017), 82 FR 25863 (SR-NASDAQ-2017-055); Securities Exchange Act
Release No. 80814 (May 30, 2017), 82 FR 25872 (SR-BX-2017-027);
Securities Exchange Act Release No. 80811 (May 30, 2017), 82 FR
25863 (SR-PHLX-2017-43).
\9\ See letters from William H. Herbert, Managing Director,
Financial Information Forum, dated June 22, 2017; Manisha Kimmel,
Chief Regulatory Officer, Wealth Management, Thomson Reuters, dated
June 22, 2017; Marc R. Bryant, Senior Vice President, Deputy General
Counsel, Fidelity Investments, dated June 22, 2017; and Ellen
Greene, Managing Director and Theodore R. Lazo, Managing Director
and Associate General Counsel, SIFMA, dated June 23, 2017.
\10\ These amendments modified Section 2 of the Form 19b-4
submitted by each of NASDAQ, BX, ISE, and Phlx to state that on June
1, 2017, the exchange obtained the necessary approval from its Board
of Directors for the proposed rule change.
---------------------------------------------------------------------------
Section 19(b)(2) of the Act \11\ 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 for the proposed rule changes published on June 1, 2017, is
July 16, 2017. The 45th day for the proposed rule changes published on
June 2, 2017, is July 17, 2017. The 45th day for the proposed rule
changes published on June 5, 2017, is July 20, 2017.
---------------------------------------------------------------------------
\11\ 15 U.S.C. 78s(b)(2).
---------------------------------------------------------------------------
The Commission is extending the 45-day time period for Commission
action on each of 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 the comments received and any response to the comments that
the self-regulatory organizations might provide.
Accordingly, pursuant to Section 19(b)(2)(A)(ii)(I) of the Act \12\
and for the reasons stated above, the Commission designates August 30,
2017, as the date by which the Commission shall approve or disapprove,
or institute proceedings to determine whether to disapprove, the
proposed rule changes (File Nos. SR-BatsBZX-2017-37; SR-BatsEDGX-2017-
23; SR-BOX-2017-17; SR-C2-2017-018; SR-CBOE-2017-041; SR-FINRA-2017-
013; SR-ISE-2017-46; SR-IEX-2017-18; SR-MIAX-2017-20; SR-PEARL-2017-23;
SR-NASDAQ-2017-055; SR-BX-2017-027; SR-PHLX-2017-43; SR-NYSE-2017-23;
SR-NYSEArca-2017-57; SR-NYSEArca-2017-59; SR-NYSEMKT-2017-29; SR-
NYSEMKT-2017-30).
---------------------------------------------------------------------------
\12\ 15 U.S.C. 78s(b)(2)(A)(ii)(I).
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\13\
---------------------------------------------------------------------------
\13\ 17 CFR 200.30-3(a)(31).
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Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2017-15190 Filed 7-19-17; 8:45 am]
BILLING CODE 8011-01-P
