Equity Market Structure Advisory Committee, 38733-38734 [2017-17138]
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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–
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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.
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Fmt 4703
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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
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CFR 200.30–3(a)(83).
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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]
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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
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]]>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]
-----------------------------------------------------------------------
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.
-----------------------------------------------------------------------
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
