Equity Market Structure Advisory Committee, 38733-38734 [2017-17138]

Download as PDF Federal Register / Vol. 82, No. 156 / Tuesday, August 15, 2017 / Notices submissions. You should submit only information that you wish to make available publicly. All submissions should refer to File Number SR–Phlx– 2017–61 and should be submitted on or before September 5, 2017. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.15 Eduardo A. Aleman, Assistant Secretary. [FR Doc. 2017–17170 Filed 8–14–17; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–81364; File No. SR–BYX– 2012–019] Self-Regulatory Organization; BATS BYX-Exchange, Inc.; Order Granting an Extension to Limited Exemption From Rule 612(c) of Regulation NMS in Connection With the Exchange’s Retail Price Improvement Program August 9, 2017. On November 27, 2012, the Securities and Exchange Commission (‘‘Commission’’) issued an order pursuant to its authority under Rule 612(c) of Regulation NMS (‘‘Sub-Penny Rule) 1 that granted the BATS BYXExchange, Inc. (‘‘BYX’’ or the ‘‘Exchange’’) a limited exemption from the Sub-Penny Rule in connection with the operation of the Exchange’s Retail Price Improvement (‘‘RPI’’) Program (the ‘‘Program’’). The limited exemption was granted concurrently with the Commission’s approval of the Exchange’s proposal to adopt the Program for a one-year pilot term.2 The exemption was granted coterminous with the effectiveness of the pilot Program and has been extended four times; 3 both the pilot Program and 15 17 CFR 200.30–3(a)(12). CFR 242.612(c). 2 See Securities Exchange Act Release No. 68303 (November 27, 2012), 77 FR 71652 (December 3, 2012) (‘‘RPI Approval Order’’) (SR–BXY–2012–019). 3 See Securities Exchange Act Release Nos. 71249 (January 7, 2014), 79 FR 2229 (January 13, 2012) (SR–BYX–2014–001) (Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Extend the Pilot Period for the RPI); 71250 (January 7, 2014), 79 FR 2234 (January 13, 2012) (Order Granting an Extension to Limited Exemption From Rule 612(c) of Regulation NMS in Connection With the Exchange’s Retail Price Improvement Program); 74111 (January 22, 2015), 80 FR 4598 (January 28, 2015) (SR–BYX–2015–05) (Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Extend the Pilot Period for the RPI); and 74115 (January 22, 2015), 80 FR 4324 (January 27, 2015) (Order Granting an Extension to Limited Exemption From Rule 612(c) of Regulation NMS in Connection With the Exchange’s Retail Price Improvement Program); 76965 (January 22, 2016), 81 FR 4682 (January 27, 2016) (SR–BYX–2016– mstockstill on DSK30JT082PROD with NOTICES 1 17 VerDate Sep<11>2014 17:15 Aug 14, 2017 Jkt 241001 exemption are scheduled to expired on July 31, 2017. The Exchange now seeks to extend the exemption until July 31, 2018.4 The Exchange’s request was made in conjunction with an immediately effective filing that extends the operation of the Program until July 31, 2018.5 In its request to extend the exemption, the Exchange notes that the Program was implemented gradually over time. Accordingly, the Exchange has asked for additional time to allow itself and the Commission to analyze data concerning the Program, which the Exchange committed to provide to the Commission, as well as to allow additional opportunities for greater participation in the Program.6 For this reason and the reasons stated in the Order originally granting the limited exemption, the Commission finds that extending the exemption, pursuant to its authority under Rule 612(c) of Regulation NMS, is appropriate in the public interest and consistent with the protection of investors. Therefore, it is hereby ordered, that, pursuant to Rule 612(c) of Regulation NMS, the Exchange is granted a limited exemption from Rule 612(c) of Regulation NMS that allows it to accept and rank orders priced equal to or greater than $1.00 per share in increments of $0.001, in connection with the operation of its RPI Program. 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 exemptions that are the subject of this Order. 01)(Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Extend the Pilot Period for the RPI); 76953 (January 21, 2016), 81 FR 4728 (January 27, 2016)(Order Granting an Extension to Limited Exemption From Rule 612(c) of Regulation NMS in Connection With the Exchange’s Retail Price Improvement Program); 78180 (June 28, 2016), 81 FR 43306 (July 1, 2016) (SR–BYX–2016–15) (Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Extend the Pilot Period for the RPI); 78178 (July 5, 2016), 81 FR 43689 (July 5, 2016)(Order Granting an Extension to Limited Exemption From Rule 612(c) of Regulation NMS in Connection With the Exchange’s Retail Price Improvement Program). 4 See letter from Anders Franzon, Senior Vice President and Associate General Counsel, BYX, to Brent J. Fields, Secretary, Commission, dated August 7, 2017. 5 See SR-BatsBYX–2017–18. 6 See RPI Approval Order, supra note 2, at 77 FR at 71657. PO 00000 Frm 00065 Fmt 4703 Sfmt 4703 38733 For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.7 Eduardo A. Aleman, Assistant Secretary. [FR Doc. 2017–17162 Filed 8–14–17; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–81358; File No. 265–29] Equity Market Structure Advisory Committee Securities and Exchange Commission. ACTION: Notice of Federal Advisory Committee Renewal. AGENCY: The Securities and Exchange Commission is publishing this notice to announce that the Chairman of the Commission, with the concurrence of the other Commissioners, has approved the renewal of the Securities and Exchange Commission Equity Market Structure Advisory Committee. FOR FURTHER INFORMATION CONTACT: Arisa Kettig, Senior Special Counsel, Division of Trading and Markets, Securities and Exchange Commission, 100 F Street NE., Washington, DC 20549, (202) 551–5676. SUPPLEMENTARY INFORMATION: In accordance with the requirements of the Federal Advisory Committee Act, 5 U.S.C. App., the Commission is publishing this notice that the Chairman of the Commission, with the concurrence of the other Commissioners, has approved the renewal of the Securities and Exchange Commission Equity Market Structure Advisory Committee (the ‘‘Committee’’). The Chairman of the Commission affirms that the renewal of the Committee is necessary and in the public interest. The Committee’s objective is to provide the Commission with diverse perspectives on the structure and operations of the U.S. equities markets, as well as advice and recommendations on matters related to equity market structure. No more than seventeen voting members will be appointed to the Committee, representing a cross-section of those directly affected by, interested in, and/or qualified to provide advice to the Commission on matters related to equity market structure. The Committee’s membership will continue to be balanced fairly in terms of points SUMMARY: 7 17 E:\FR\FM\15AUN1.SGM CFR 200.30–3(a)(83). 15AUN1 38734 Federal Register / Vol. 82, No. 156 / Tuesday, August 15, 2017 / Notices of view represented and functions to be performed. The Charter provides that the duties of the Committee are to be solely advisory. The Commission alone will make any determinations of actions to be taken and policies to be expressed with respect to matters within the Commission’s jurisdiction as to which the Committee provides advice or makes recommendations. The Committee will meet at such intervals as are necessary to carry out its functions. The charter contemplates that the full Committee will meet one time. Meetings of subgroups or subcommittees of the full Committee may occur more frequently. The Committee will terminate five months from the date it is renewed or such earlier date as determined by the Commission unless, before the expiration of that time period, it is renewed in accordance with the Federal Advisory Committee Act. A copy of the charter for the Committee has been filed with the Chairman of the Commission, the Committee on Banking, Housing, and Urban Affairs of the United States Senate, the Committee on Financial Services of the United States House of Representatives, the Committee Management Secretariat of the General Services Administration, and the Library of Congress. It also has been posted on the Commission’s Web site at www.sec.gov. By the Commission. Dated: August 9, 2017. Brent J. Fields, Secretary. consideration of the scheduled matters at the closed meeting. Commissioner Piwowar, as duty officer, voted to consider the items listed for the closed meeting in closed session. The subject matters of the closed meeting will be: Institution and settlement of injunctive actions; Institution and settlement of administrative proceedings; Consideration of amici participation; Resolution of litigation claims; Post Argument Discussion; and Other matters relating to enforcement proceedings. At times, changes in Commission priorities require alterations in the scheduling of meeting items. For further information and to ascertain what, if any, matters have been added, deleted or postponed, please contact Brent J. Fields from the Office of the Secretary at (202) 551–5400. Dated: August 10, 2017. Robert W. Errett, Deputy Secretary. [FR Doc. 2017–17286 Filed 8–11–17; 11:15 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–81366; File No. SR–CHX– 2016–20] SECURITIES AND EXCHANGE COMMISSION Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing of Amendment No. 1 and Order Granting Accelerated Approval of a Proposed Rule Change, as Modified by Amendment No. 1, Regarding the Acquisition of CHX Holdings, Inc. by North America Casin Holdings, Inc. Sunshine Act Meeting August 9, 2017. Notice is hereby given, pursuant to the provisions of the Government in the Sunshine Act, Public Law 94–409, that the Securities and Exchange Commission will hold a closed meeting on Thursday, August 17, 2017 at 2 p.m. Commissioners, Counsel to the Commissioners, the Secretary to the Commission, and recording secretaries will attend the closed meeting. Certain staff members who have an interest in the matters also may be present. The General Counsel of the Commission, or his designee, has certified that, in his opinion, one or more of the exemptions set forth in 5 U.S.C. 552b(c)(3), (5), (7), 9(B) and (10) and 17 CFR 200.402(a)(3), (a)(5), (a)(7), (a)(9)(ii) and (a)(10), permit I. Introduction [FR Doc. 2017–17138 Filed 8–14–17; 8:45 am] mstockstill on DSK30JT082PROD with NOTICES BILLING CODE 8011–01–P VerDate Sep<11>2014 17:15 Aug 14, 2017 Jkt 241001 On December 2, 2016, the Chicago Stock Exchange, Inc. (‘‘CHX’’ 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 in connection with the acquisition (‘‘Transaction’’) of CHX Holdings, Inc. (‘‘CHX Holdings’’) by North America Casin Holdings, Inc. (‘‘NA Casin Holdings’’). The proposed rule change was published for comment in the Federal Register on December 12, 1 15 2 17 PO 00000 U.S.C. 78s(b)(1). CFR 240.19b–4. Frm 00066 Fmt 4703 Sfmt 4703 2016.3 On January 12, 2017, the Commission instituted proceedings under Section 19(b)(2)(B) of the Exchange Act 4 to determine whether to approve or disapprove the proposed rule change.5 The Commission received 28 comments on the proposed rule change,6 and three responses from the Exchange in response to certain comments.7 On June 6, 2017, pursuant 3 See Securities Exchange Act Release No. 79474 (December 6, 2016), 81 FR 89543 (‘‘Notice’’). 4 15 U.S.C. 78s(b)(2)(B). 5 See Securities Exchange Act Release No. 79781, 82 FR 6669 (January 19, 2017). 6 See letters from: (1) Representative Robert Pittenger, Representative Earl L. ‘‘Buddy’’ Carter, Representative Peter DeFazio, Representative Collin Peterson, and Representative David Joyce, dated December 22, 2016 (‘‘Pittenger Letter 1’’); (2) James N. Hill, dated December 23, 2016; (3) John Ciccarelli, dated January 2, 2017 (‘‘Ciccarelli Letter’’); (4) Anonymous, dated January 3, 2017 (‘‘Anonymous Letter’’); (5) David E. Kaplan, Executive Director, Global Investigative Journalism Network, dated January 4, 2017; (6) Reddy Dandolu, Founder, Chief Executive Officer, Las Vegas Stock Exchange, dated February 4, 2017 (‘‘Dandolu Letter’’); (7) David Ferris, Senior Research Analyst, The Public Interest Review, dated February 16, 2017 (‘‘Ferris Letter 1’’); (8) Michael Brennan, Independent Market Commentator, dated February 17, 2017 (‘‘Brennan Letter’’); (9) Lawrence Bass, Individual Member, Alliance for American Manufacturing, dated February 20, 2017 (‘‘Bass Letter’’); (10) Steven Mayer, dated February 20, 2017 (‘‘Mayer Letter’’); (11) William Park, dated February 21, 2017 (‘‘Park Letter’’); (12) Jason Blake, Commentator, The Wall Street Journal, dated February 25, 2017; (13) John Meagher, Freelance Journalist, dated March 1, 2017; (14) Yong Xiao, Chief Executive Officer, North America Casin Holdings, Inc., dated March 1, 2017 (‘‘NA Casin Holdings Letter’’); (15) Steven Caban, dated March 1, 2017 (‘‘Caban Letter’’); (16) Harley Seyedin, President, American Chamber of Commerce in South China, dated March 2, 2017 (‘‘Seyedin Letter’’); (17) Salvatore Nobile, dated March 2, 2017 (‘‘Nobile Letter’’); (18) Olga Gouroudeva, dated March 3, 2017 (‘‘Gouroudeva Letter’’); (19) John R. Prufeta, dated March 3, 2017 (‘‘Prufeta Letter’’); (20) Anthony J. Saliba, Saliba Ventures Holdings, LLC, dated March 3, 2017 (‘‘Saliba Letter’’); (21) Aileen Zhong, dated March 5, 2017 (‘‘Zhong Letter’’); (22) Duncan Karcher, dated March 5, 2017 (‘‘Karcher Letter’’); (23) Ira Gottlieb, Principal, Healthcare Practice, Mazars USA LLP, dated March 5, 2017 (‘‘Gottlieb Letter’’); (24) James N. Hill, dated March 6, 2017 (‘‘Hill Letter 2’’); (25) David Ferris, Senior Research Analyst, The Public Interest Review, dated March 6, 2017 (‘‘Ferris Letter 2’’); (26) Sean Casey, dated April 24, 2017; (27) Representative Robert Pittenger, Representative Chris Smith, Representative Peter DeFazio, Representative Ted Yoho, Representative Rosa DeLauro, Representative Steve King, Representative Walter Jones, Representative David Joyce, Representative Brian Babin, Representative Bill Posey, and Representative Tom Marino, dated July 10, 2017 (‘‘Pittenger Letter 2’’); and (28) Senator Joe Manchin, III, dated July 20, 2017 (‘‘Manchin Letter’’). All of the comments are available at: https://www.sec.gov/comments/sr-chx-2016-20/ chx201620.shtml. 7 See letters from John K. Kerin, President and Chief Executive Officer, CHX, dated January 5, 2017 (‘‘CHX Response Letter 1’’); Albert J. Kim, Vice President and Associate General Counsel, CHX, dated January 6, 2017 (‘‘CHX Response Letter 2’’) (responding specifically to the Ciccarelli Letter); and John K. Kerin, President and Chief Executive E:\FR\FM\15AUN1.SGM 15AUN1

Agencies

[Federal Register Volume 82, Number 156 (Tuesday, August 15, 2017)]
[Notices]
[Pages 38733-38734]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-17138]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-81358; File No. 265-29]


Equity Market Structure Advisory Committee

AGENCY: Securities and Exchange Commission.

ACTION: Notice of Federal Advisory Committee Renewal.

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SUMMARY: The Securities and Exchange Commission is publishing this 
notice to announce that the Chairman of the Commission, with the 
concurrence of the other Commissioners, has approved the renewal of the 
Securities and Exchange Commission Equity Market Structure Advisory 
Committee.

FOR FURTHER INFORMATION CONTACT: Arisa Kettig, Senior Special Counsel, 
Division of Trading and Markets, Securities and Exchange Commission, 
100 F Street NE., Washington, DC 20549, (202) 551-5676.

SUPPLEMENTARY INFORMATION: In accordance with the requirements of the 
Federal Advisory Committee Act, 5 U.S.C. App., the Commission is 
publishing this notice that the Chairman of the Commission, with the 
concurrence of the other Commissioners, has approved the renewal of the 
Securities and Exchange Commission Equity Market Structure Advisory 
Committee (the ``Committee''). The Chairman of the Commission affirms 
that the renewal of the Committee is necessary and in the public 
interest.
    The Committee's objective is to provide the Commission with diverse 
perspectives on the structure and operations of the U.S. equities 
markets, as well as advice and recommendations on matters related to 
equity market structure.
    No more than seventeen voting members will be appointed to the 
Committee, representing a cross-section of those directly affected by, 
interested in, and/or qualified to provide advice to the Commission on 
matters related to equity market structure. The Committee's membership 
will continue to be balanced fairly in terms of points

[[Page 38734]]

of view represented and functions to be performed.
    The Charter provides that the duties of the Committee are to be 
solely advisory. The Commission alone will make any determinations of 
actions to be taken and policies to be expressed with respect to 
matters within the Commission's jurisdiction as to which the Committee 
provides advice or makes recommendations. The Committee will meet at 
such intervals as are necessary to carry out its functions. The charter 
contemplates that the full Committee will meet one time. Meetings of 
subgroups or subcommittees of the full Committee may occur more 
frequently.
    The Committee will terminate five months from the date it is 
renewed or such earlier date as determined by the Commission unless, 
before the expiration of that time period, it is renewed in accordance 
with the Federal Advisory Committee Act. A copy of the charter for the 
Committee has been filed with the Chairman of the Commission, the 
Committee on Banking, Housing, and Urban Affairs of the United States 
Senate, the Committee on Financial Services of the United States House 
of Representatives, the Committee Management Secretariat of the General 
Services Administration, and the Library of Congress. It also has been 
posted on the Commission's Web site at www.sec.gov.

    By the Commission.

    Dated: August 9, 2017.
Brent J. Fields,
Secretary.
[FR Doc. 2017-17138 Filed 8-14-17; 8:45 am]
 BILLING CODE 8011-01-P
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