Self-Regulatory Organizations; NASDAQ BX, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Relating to the Exchange's Name Change, 50468-50469 [2017-23584]

Download as PDF 50468 Federal Register / Vol. 82, No. 209 / Tuesday, October 31, 2017 / Notices 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. Persons submitting comments are cautioned that we do not redact or edit personal identifying information from comment submissions. You should submit only information that you wish to make available publicly. All submissions should refer to File Number SR–NYSEArca–2017–99 and should be submitted on or before November 21, 2017. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.27 Eduardo A. Aleman, Assistant Secretary. [FR Doc. 2017–23582 Filed 10–30–17; 8:45 am] BILLING CODE 8011–01–P [Release No. 34–81948; File No. SR–BX– 2017–046] Self-Regulatory Organizations; NASDAQ BX, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Relating to the Exchange’s Name Change October 25, 2017. asabaliauskas on DSKBBXCHB2PROD with NOTICES 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 October 18, 2017, NASDAQ BX, Inc. (‘‘BX’’ 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. I. Self-Regulatory Organization’s Statement of the Terms of Substance of the Proposed Rule Change The Exchange proposes to amend its rules as well as certain corporate documents of the Exchange to reflect legal name changes. 27 17 CFR 200.30–3(a)(12). U.S.C. 78s(b)(1). 2 17 CFR 240.19b–4. 1 15 17:37 Oct 30, 2017 II. Self-Regulatory Organization’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change In its filing with the Commission, the Exchange included statements concerning the purpose of and basis for the proposed rule change and discussed any comments it received on the proposed rule change. The text of these statements may be examined at the places specified in Item IV below. The Exchange has prepared summaries, set forth in sections A, B, and C below, of the most significant aspects of such statements. A. Self-Regulatory Organization’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change 1. Purpose SECURITIES AND EXCHANGE COMMISSION VerDate Sep<11>2014 The text of the proposed rule change is available on the Exchange’s Web site at https://nasdaqbx.cchwallstreet.com/, at the principal office of the Exchange, and at the Commission’s Public Reference Room. Jkt 244001 The purpose of this filing is to reflect in the Exchange’s governing documents (and the governing documents of its parent company) 3 and the Exchange’s Rulebook a non-substantive corporate branding change to the Exchange’s name.4 Specifically, current references will be changed as follows: • References to ‘‘NASDAQ’’ will be changed to ‘‘Nasdaq’’. • References to ‘‘NASDAQ BX, Inc.’’ or ‘‘NASDAQ BX’’ will be changed to ‘‘Nasdaq BX, Inc.’’ or ‘‘Nasdaq BX’’. • References to ‘‘The NASDAQ Stock Market LLC’’ or ‘‘NASDAQ Stock Market LLC’’ will be changed to ‘‘The Nasdaq Stock Market LLC’’. • References to ‘‘NASDAQ PHLX LLC’’ or ‘‘NASDAQ PHLX’’ will be changed to ‘‘Nasdaq PHLX LLC’’ or ‘‘Nasdaq PHLX’’. • References to ‘‘The NASDAQ OMX Group, Inc.’’ or ‘‘NASDAQ OMX Group, Inc.’’ will be changed to ‘‘Nasdaq, Inc.’’ 5 • In addition to the preceding changes, all references to ‘‘OMX’’ will be removed from the Rulebook.6 3 The Exchange proposes to amend: (i) The Certificate of Incorporation; (ii) Second Amended Limited Liability Company Agreement; (iii) ByLaws; and (iv) Rule Book. 4 NASDAQ PHLX LLC and The NASDAQ Stock Market LLC will also be filing similar rule changes. 5 See Securities Exchange Act Release No. 75421 (July 10, 2015), 80 FR 42136 (July 16, 2015) (SR– BSECC–2015–001, SR–BX–2015–030, SR– NASDAQ–2015–058, SR–Phlx–2015–46, SR–SCCP– 2015–01). 6 Id. PO 00000 Frm 00098 Fmt 4703 Sfmt 4703 • References to ‘‘NASDAQ Execution Services, LLC’’ will be changed to as ‘‘Nasdaq Execution Services, LLC’’. • In all instances where the word ‘‘the’’ should have been capitalized, (e.g., By-Law, Section 4.13(c)), the Exchange will make the appropriate correction. No other changes are being proposed in this filing. The Exchange represents that these changes are concerned solely with the administration of the Exchange and do not affect the meaning, administration, or enforcement of any rules of the Exchange or the rights, obligations, or privileges of Exchange members or their associated persons in any way. Accordingly, this filing is being submitted under Rule 19b-4(f)(3). In lieu of providing a copy of the marked changes, the Exchange represents that it will make the necessary non-substantive revisions to the Certificate of Incorporation, Second Amended Limited Liability Company Agreement, By-Laws and Rulebook and post updated versions of each on the Exchange’s Web site pursuant to Rule 19b–4(m)(2). The Exchange notes that the following references are not being amended in the Exchange’s governing documents and the Exchange’s Rulebook: • Any name with a trademark (TM) or service mark (SM) attached to the name. • Any references in the Certificate of Incorporation which references a prior name of the Exchange and reflects a historical date wherein that name was in effect. 2. Statutory Basis The Exchange believes that its proposal is consistent with Section 6(b) of the Act,7 in general, and furthers the objectives of Section 6(b)(5) of the Act,8 in particular, in that it is designed to promote just and equitable principles of trade, to remove impediments to and perfect the mechanism of a free and open market and a national market system, and, in general to protect investors and the public interest by avoiding confusion with the name. The Exchange proposes to conform its name to that of its parent, Nasdaq Inc., by changing the capitalization in the word ‘‘NASDAQ’’ to ‘‘Nasdaq.’’ The Exchange also proposes to amend the names of affiliated markets in a similar manner, by changing the name ‘‘NASDAQ’’ to ‘‘Nasdaq.’’ The name change of the Exchange as well as other name changes to related entities are non-substantive changes. No changes to the ownership 7 15 8 15 E:\FR\FM\31OCN1.SGM U.S.C. 78f(b). U.S.C. 78f(b)(5). 31OCN1 Federal Register / Vol. 82, No. 209 / Tuesday, October 31, 2017 / Notices or structure of the Exchange have taken place. 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 not necessary or appropriate in furtherance of the purposes of the Act. The name change will align with the parent company, Nasdaq, Inc. C. Self-Regulatory Organization’s Statement on Comments on the Proposed Rule Change Received From Members, Participants, or Others No written comments were either solicited or received. III. Date of Effectiveness of the Proposed Rule Change and Timing for Commission Action Pursuant to Section 19(b)(3)(A) of the Act 9 and Rule 19b–4(f)(3) thereunder,10 the Exchange has designated this proposal as one that is concerned solely with the administration of the selfregulatory organization, and therefore has become effective. 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. If the Commission takes such action, the Commission shall institute proceedings to determine whether the proposed rule should be approved or disapproved. 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: asabaliauskas on DSKBBXCHB2PROD with NOTICES 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 Number SR– BX–2017–046 on the subject line. Paper Comments • Send paper comments in triplicate to Brent J. Fields, Secretary, Securities and Exchange Commission, 100 F Street NE., Washington, DC 20549–1090. 9 15 U.S.C. 78s(b)(3)(A). CFR 240.19b–4(f)(3). 17:37 Oct 30, 2017 For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.11 Eduardo A. Aleman, Assistant Secretary. [FR Doc. 2017–23584 Filed 10–30–17; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–81941; File No. SR–ISE– 2017–93] Self-Regulatory Organizations; Nasdaq ISE, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Rules for Excluding Days From the Exchange’s ADV and Market Maker Plus Tier Calculations in the Schedule of Fees October 25, 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 October 11, 2017, Nasdaq ISE, LLC (‘‘ISE’’ or ‘‘Exchange’’) filed with the Securities and Exchange Commission (‘‘Commission’’) the proposed rule change as described in Items I and II 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. I. Self-Regulatory Organization’s Statement of the Terms of Substance of the Proposed Rule Change The Exchange proposes to amend the Exchange’s provisions for excluding a day from its volume calculations for purposes of determining volume based pricing, and to adopt language that allows the Exchange to remove a day from Market Maker Plus tiers whenever a day is removed from the Exchange’s volume calculations. The text of the proposed rule change is available on the Exchange’s Web site at www.ise.com, at the principal office of the Exchange, and at the Commission’s Public Reference Room. II. Self-Regulatory Organization’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change In its filing with the Commission, the Exchange included statements concerning the purpose of and basis for the proposed rule change and discussed any comments it received on the proposed rule change. The text of these statements may be examined at the places specified in Item IV below. The Exchange has prepared summaries, set forth in sections A, B, and C below, of the most significant aspects of such statements. A. Self-Regulatory Organization’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change 1. Purpose The purpose of the proposed rule change is to amend the Exchange’s provisions for excluding a day from its volume calculations for purposes of determining volume based pricing, and to adopt language that allows the Exchange to remove a day from Market Maker Plus tiers whenever a day is removed from the Exchange’s volume calculations. To avoid penalizing members when aberrant low volume days result from systems or other issues at the Exchange, 1 15 10 17 VerDate Sep<11>2014 All submissions should refer to File Number SR–BX–2017–046. This file number should be included on 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 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. Persons submitting comments are cautioned that we do not redact or edit personal identifying information from comment submissions. You should submit only information that you wish to make available publicly. All submissions should refer to File Number SR–BX–2017–046 and should be submitted on or before November 21, 2017. 11 17 Jkt 244001 PO 00000 CFR 200.30–3(a)(12). Frm 00099 Fmt 4703 Sfmt 4703 50469 2 17 E:\FR\FM\31OCN1.SGM U.S.C. 78s(b)(1). CFR 240.19b–4. 31OCN1

Agencies

SECURITIES AND EXCHANGE COMMISSION

[Federal Register Volume 82, Number 209 (Tuesday, October 31, 2017)]
[Notices]
[Pages 50468-50469]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-23584]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-81948; File No. SR-BX-2017-046]


Self-Regulatory Organizations; NASDAQ BX, Inc.; Notice of Filing 
and Immediate Effectiveness of Proposed Rule Change Relating to the 
Exchange's Name Change

October 25, 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 October 18, 2017, NASDAQ BX, Inc. (``BX'' 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.
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
---------------------------------------------------------------------------

I. Self-Regulatory Organization's Statement of the Terms of Substance 
of the Proposed Rule Change

    The Exchange proposes to amend its rules as well as certain 
corporate documents of the Exchange to reflect legal name changes.
    The text of the proposed rule change is available on the Exchange's 
Web site at https://nasdaqbx.cchwallstreet.com/, at the principal office 
of the Exchange, and at the Commission's Public Reference Room.

II. Self-Regulatory Organization's Statement of the Purpose of, and 
Statutory Basis for, the Proposed Rule Change

    In its filing with the Commission, the Exchange included statements 
concerning the purpose of and basis for the proposed rule change and 
discussed any comments it received on the proposed rule change. The 
text of these statements may be examined at the places specified in 
Item IV below. The Exchange has prepared summaries, set forth in 
sections A, B, and C below, of the most significant aspects of such 
statements.

A. Self-Regulatory Organization's Statement of the Purpose of, and 
Statutory Basis for, the Proposed Rule Change

1. Purpose
    The purpose of this filing is to reflect in the Exchange's 
governing documents (and the governing documents of its parent company) 
\3\ and the Exchange's Rulebook a non-substantive corporate branding 
change to the Exchange's name.\4\ Specifically, current references will 
be changed as follows:
---------------------------------------------------------------------------

    \3\ The Exchange proposes to amend: (i) The Certificate of 
Incorporation; (ii) Second Amended Limited Liability Company 
Agreement; (iii) By-Laws; and (iv) Rule Book.
    \4\ NASDAQ PHLX LLC and The NASDAQ Stock Market LLC will also be 
filing similar rule changes.
---------------------------------------------------------------------------

     References to ``NASDAQ'' will be changed to ``Nasdaq''.
     References to ``NASDAQ BX, Inc.'' or ``NASDAQ BX'' will be 
changed to ``Nasdaq BX, Inc.'' or ``Nasdaq BX''.
     References to ``The NASDAQ Stock Market LLC'' or ``NASDAQ 
Stock Market LLC'' will be changed to ``The Nasdaq Stock Market LLC''.
     References to ``NASDAQ PHLX LLC'' or ``NASDAQ PHLX'' will 
be changed to ``Nasdaq PHLX LLC'' or ``Nasdaq PHLX''.
     References to ``The NASDAQ OMX Group, Inc.'' or ``NASDAQ 
OMX Group, Inc.'' will be changed to ``Nasdaq, Inc.'' \5\
---------------------------------------------------------------------------

    \5\ See Securities Exchange Act Release No. 75421 (July 10, 
2015), 80 FR 42136 (July 16, 2015) (SR-BSECC-2015-001, SR-BX-2015-
030, SR-NASDAQ-2015-058, SR-Phlx-2015-46, SR-SCCP-2015-01).
---------------------------------------------------------------------------

     In addition to the preceding changes, all references to 
``OMX'' will be removed from the Rulebook.\6\
---------------------------------------------------------------------------

    \6\ Id.
---------------------------------------------------------------------------

     References to ``NASDAQ Execution Services, LLC'' will be 
changed to as ``Nasdaq Execution Services, LLC''.
     In all instances where the word ``the'' should have been 
capitalized, (e.g., By-Law, Section 4.13(c)), the Exchange will make 
the appropriate correction.
    No other changes are being proposed in this filing. The Exchange 
represents that these changes are concerned solely with the 
administration of the Exchange and do not affect the meaning, 
administration, or enforcement of any rules of the Exchange or the 
rights, obligations, or privileges of Exchange members or their 
associated persons in any way. Accordingly, this filing is being 
submitted under Rule 19b-4(f)(3). In lieu of providing a copy of the 
marked changes, the Exchange represents that it will make the necessary 
non-substantive revisions to the Certificate of Incorporation, Second 
Amended Limited Liability Company Agreement, By-Laws and Rulebook and 
post updated versions of each on the Exchange's Web site pursuant to 
Rule 19b-4(m)(2).
    The Exchange notes that the following references are not being 
amended in the Exchange's governing documents and the Exchange's 
Rulebook:
     Any name with a trademark (TM) or service mark (SM) 
attached to the name.
     Any references in the Certificate of Incorporation which 
references a prior name of the Exchange and reflects a historical date 
wherein that name was in effect.
2. Statutory Basis
    The Exchange believes that its proposal is consistent with Section 
6(b) of the Act,\7\ in general, and furthers the objectives of Section 
6(b)(5) of the Act,\8\ in particular, in that it is designed to promote 
just and equitable principles of trade, to remove impediments to and 
perfect the mechanism of a free and open market and a national market 
system, and, in general to protect investors and the public interest by 
avoiding confusion with the name. The Exchange proposes to conform its 
name to that of its parent, Nasdaq Inc., by changing the capitalization 
in the word ``NASDAQ'' to ``Nasdaq.'' The Exchange also proposes to 
amend the names of affiliated markets in a similar manner, by changing 
the name ``NASDAQ'' to ``Nasdaq.'' The name change of the Exchange as 
well as other name changes to related entities are non-substantive 
changes. No changes to the ownership

[[Page 50469]]

or structure of the Exchange have taken place.
---------------------------------------------------------------------------

    \7\ 15 U.S.C. 78f(b).
    \8\ 15 U.S.C. 78f(b)(5).
---------------------------------------------------------------------------

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 not necessary or appropriate in 
furtherance of the purposes of the Act. The name change will align with 
the parent company, Nasdaq, Inc.

C. Self-Regulatory Organization's Statement on Comments on the Proposed 
Rule Change Received From Members, Participants, or Others

    No written comments were either solicited or received.

III. Date of Effectiveness of the Proposed Rule Change and Timing for 
Commission Action

    Pursuant to Section 19(b)(3)(A) of the Act \9\ and Rule 19b-4(f)(3) 
thereunder,\10\ the Exchange has designated this proposal as one that 
is concerned solely with the administration of the self-regulatory 
organization, and therefore has become effective.
---------------------------------------------------------------------------

    \9\ 15 U.S.C. 78s(b)(3)(A).
    \10\ 17 CFR 240.19b-4(f)(3).
---------------------------------------------------------------------------

    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. If the Commission 
takes such action, the Commission shall institute proceedings to 
determine whether the proposed rule should be approved or disapproved.

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 [email protected]. Please include 
File Number SR-BX-2017-046 on the subject line.

Paper Comments

     Send paper comments in triplicate to Brent J. Fields, 
Secretary, Securities and Exchange Commission, 100 F Street NE., 
Washington, DC 20549-1090.

All submissions should refer to File Number SR-BX-2017-046. This file 
number should be included on 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 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. Persons submitting 
comments are cautioned that we do not redact or edit personal 
identifying information from comment submissions. You should submit 
only information that you wish to make available publicly. All 
submissions should refer to File Number SR-BX-2017-046 and should be 
submitted on or before November 21, 2017.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\11\
Eduardo A. Aleman,
Assistant Secretary.
---------------------------------------------------------------------------

    \11\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------

[FR Doc. 2017-23584 Filed 10-30-17; 8:45 am]
 BILLING CODE 8011-01-P

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