Self-Regulatory Organizations; C2 Options Exchange, Incorporated; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change Relating To Reflect in the Exchange's Governing Documents, Rulebook and Fees Schedules, a Non-Substantive Corporate Branding Change, Including Changes to the Company's Name, the Intermediate's Name, and the Exchange's Name, 51317-51319 [2017-23925]

Download as PDF Federal Register / Vol. 82, No. 212 / Friday, November 3, 2017 / Notices No. 1 eliminated the concept of ‘‘refreshing’’ a Snapshot and instead clarified the specific circumstances in which a Floor Broker will be permitted to take a new Snapshot and the conditions that must be satisfied to do so (e.g., re-announcing the order to the trading crowd and provisionally reexecuting the order). The Exchange states that the changes in Amendment No. 1 simplify the proposal and will make it easier for the Exchange to administer and surveil the use of the Snapshot functionality.45 In addition, the Commission notes that the changes may create additional opportunities for orders to interact in the trading crowd in those occasional instances when a provisional execution pursuant to Phlx Rule 1000(f)(iii)(E) does not result in a validated execution in the Trading System. Accordingly, the Commission finds good cause, pursuant to Section 19(b)(2) of the Act,46 to approve the proposed rule change, as modified by Amendment No. 1, on an accelerated basis. VI. Conclusion It is therefore ordered, pursuant to Section 19(b)(2) of the Act,47 that the proposed rule change (SR–Phlx–2017– 34), as modified by Amendment No. 1, be, and it hereby is, approved on an accelerated basis. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.48 Eduardo A. Aleman, Assistant Secretary. [FR Doc. 2017–23926 Filed 11–2–17; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–81979; File No. SR–C2– 2017–028] ethrower on DSK3G9T082PROD with NOTICES Self-Regulatory Organizations; C2 Options Exchange, Incorporated; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change Relating To Reflect in the Exchange’s Governing Documents, Rulebook and Fees Schedules, a NonSubstantive Corporate Branding Change, Including Changes to the Company’s Name, the Intermediate’s Name, and the Exchange’s Name October 30, 2017. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (the id. at 5–6. U.S.C. 78s(b)(2) 47 15 U.S.C. 78s(b)(2). 48 17 CFR 200.30–3(a)(12). ‘‘Act’’),1 and Rule 19b–4 thereunder,2 notice is hereby given that on October 19, 2017, C2 Options Exchange, Incorporated (the ‘‘Exchange’’ or ‘‘C2’’) filed with the Securities and Exchange Commission (the ‘‘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 filed a proposed rule change with respect to amendments of the Second Amended and Restated Certificate of Incorporation (the ‘‘Company’s Certificate’’) and Third Amended and Restated Bylaws (the ‘‘Company’s Bylaws’’) of its parent corporation, CBOE Holdings, Inc. (‘‘CBOE Holdings’’ or the ‘‘Company’’) to change the name of the Company to Cboe Global Markets, Inc. The Exchange also proposes to amend its Fourth Amended and Restated Certificate of Incorporation (the ‘‘Exchange Certificate’’), Eighth Amended and Restated Bylaws of C2 Options Exchange, Incorporated (the ‘‘Exchange Bylaws’’), rulebook and fees schedules (collectively ‘‘operative documents’’) in connection with the name change of its parent Company and the Exchange. The text of the proposed rule change is also available on the Exchange’s Web site (https://www.c2exchange.com/Legal/ ), at the Exchange’s Office of the Secretary, 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. 46 15 VerDate Sep<11>2014 16:18 Nov 02, 2017 2 17 Jkt 244001 PO 00000 U.S.C. 78s(b)(1). CFR 240.19b–4. Frm 00108 Fmt 4703 A. Self-Regulatory Organization’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change 1. Purpose Background The purpose of this filing is to reflect in the Exchange’s governing documents (and the governing documents of its parent company, CBOE Holdings) and the Exchange’s rulebook and fees schedules, a non-substantive corporate branding change, including changes to the Company’s name and the Exchange’s name.3 Particularly, references to Company’s and Exchange’s names will be deleted and revised to state the new names, as described more fully below. No other substantive 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 is [sic] any way. Accordingly, this filing is being submitted under Rule 19b–4(f)(3). In lieu of providing a copy of the marked name changes, the Exchange represents that it will make the necessary non-substantive revisions described below to the Exchange’s corporate governance documents, rulebook, and fees schedules, and post updated versions of each on the Exchange’s Web site pursuant to Rule 19b–4(m)(2). The Company’s Name Change In connection with the corporate name change of its parent company, the Exchange is proposing to amend the Company’s Certificate and Bylaws. Specifically, the Company is changing its name from ‘‘CBOE Holdings, Inc.’’ to ‘‘Cboe Global Markets, Inc.’’ (a) Company’s Certificate The Exchange proposes to (i) delete the following language from Paragraph (1) of the introductory paragraph: ‘‘The name of the Corporation is CBOE Holdings, Inc.’’ and (ii) amend Article First of the Company’s Certificate to reflect the new name, ‘‘Cboe Global Markets, Inc.’’. The Exchange also proposes to add clarifying language and cite to the applicable provisions of the General Corporation Law of the State of 3 The Exchange initially filed the proposed rule changes on October 16, 2017 (SR–C2–2017–027). On October 19, 2017 the Exchange withdrew SR– C2–2017–027 and then subsequently submitted this filing (SR–C2–2017–028). 45 See 1 15 51317 Sfmt 4703 E:\FR\FM\03NON1.SGM 03NON1 51318 Federal Register / Vol. 82, No. 212 / Friday, November 3, 2017 / Notices ethrower on DSK3G9T082PROD with NOTICES Delaware in connection with the proposed name change. The Exchange notes that it is not amending the Company’s name in the title or signature line as the name changes will not be effective until the Company, as currently named, files the proposed changes in Delaware. Thereafter, the Exchange will amend the Certificate to reflect the new name in the title and signature line. The Exchange also notes that although the name of ‘‘Chicago Board Options Exchange, Incorporated’’ is changing to ‘‘Cboe Exchange Inc.’’, it is not amending the name of Chicago Board Options Exchange, Incorporated (‘‘CBOE’’) referenced in Article Fifth(a)(iii) at this time. Particularly, the Exchange notes that unlike the exception applicable to proposed changes to the Company’s name,4 a vote of stockholders is required to adopt an amendment to the reference of CBOE’s name. As such, the Exchange will submit a rule filing to amend the Certificate to reflect the new CBOE name at such time it is ready to obtain stockholder approval. (b) Company’s Bylaws With respect to the Company’s Bylaws, references to ‘‘CBOE Holdings, Inc.’’ will be deleted and revised to state ‘‘Cboe Global Markets, Inc.’’ The Exchange also proposes to eliminate the reference to ‘‘Chicago Board Options Exchange, Incorporated’’ in Article 10, Section 10.2. Particularly, Section 10.2 provides that ‘‘for so long as the Corporation shall control, directly or indirectly, any national securities exchange, including, but not limited to Chicago Board Options Exchange, Incorporated (a ‘‘Regulated Securities Exchange Subsidiary’’), before any amendment, alteration or repeal of any provision of the Bylaws shall be effective, such amendment, alteration or repeal shall be submitted to the board of directors of each Regulated Securities Exchange Subsidiary, and if such amendment, alteration or repeal must be filed with or filed with and approved by the Securities and Exchange Commission, then such amendment, alteration or repeal shall not become effective until filed with or filed with and approved by the Securities and Exchange Commission, as the case may be.’’ As the Company currently controls a number of Regulated Securities Exchange Subsidiaries, it does not believe it is necessary to explicitly reference only Chicago Board Option Exchange, Incorporated and therefore proposes to delete the following 4 See Section 242(b) of the General Corporation Law of the State of Delaware. VerDate Sep<11>2014 16:18 Nov 02, 2017 Jkt 244001 language: ‘‘Including, but not limited to Chicago Board Options Exchange, Incorporated’’. The Exchange’s Name Change For purposes of consistency, certain of the Parent’s subsidiaries have also undertaken to change their legal names. As a result, the Exchange also proposes to change its name from ‘‘C2 Options Exchange, Incorporated’’ to ‘‘Cboe C2 Exchange, Inc.’’ throughout its rules, fees schedules and corporate documents. Additionally the Exchange notes that the Chicago Board Options Exchange, Incorporated is filing a similar rule filing to change its name to ‘‘Cboe Exchange, Inc.’’ and change references to ‘‘CBOE’’ to ‘‘Cboe Options’’, with the exception that references to ‘‘CBOE Command’’, ‘‘CBOE Application Server’’ and ‘‘CBOE Market Interface’’ will be deleted and revised to state ‘‘Cboe Command’’, ‘‘Cboe Application Server’’, and ‘‘Cboe Market Interface’’, respectively. The Exchange therefore also proposes to replace any of these references throughout the C2 operative documents accordingly. Lastly, the Exchange is changing the name of ‘‘Market Data Express, LLC’’ to ‘‘Cboe Data Services, LLC’’ and consequently also changing references to ‘‘MDX’’ to ‘‘CDS’’. Therefore, the Exchange proposes to amend its: (i) Fourth Amended and Restated Certificate of Incorporation of C2 Options Exchange, Incorporated (ii) Eighth Amended and Restated Bylaws of C2 Options Exchange, Incorporated, (iii) Rulebook, (iv) Fees Schedule and (v) Market Data Express, LLC Fees Schedule (collectively, the ‘‘Operative Documents’’) to reflect the name changes. (a) Exchange’s Certificate The Exchange proposes to (i) delete the following language from the introductory paragraph: ‘‘The name of the Corporation is C2 Options Exchange, Incorporated’’ and (ii) amend Article First of the Exchange’s Certificate to reflect the new name, ‘‘Cboe C2 Exchange, Inc.’’. The Exchange also proposes to change references to its parent company, ‘‘CBOE Holdings, Inc.’’ to ‘‘Cboe Global Markets, Inc.’’. The Exchange notes that it is not amending the Exchange’s name in the title, introductory paragraph or signature line as the name changes will not be effective until the Exchange, as currently named, files the proposed changes in Delaware. Thereafter, the Exchange will amend the Certificate to reflect the new name in the title, introductory paragraph and signature line. PO 00000 Frm 00109 Fmt 4703 Sfmt 4703 (b) Exchange’s Bylaws For the Exchange’s Bylaws, all references to ‘‘C2 Options Exchange, Incorporated’’ will be deleted and revised to state ‘‘Cboe C2 Exchange, Inc.’’. (c) Exchange’s Rulebook For the Rules of C2 Options Exchange, Incorporated, all references to ‘‘C2 Options Exchange, Incorporated’’ will be deleted and revised to state ‘‘Cboe C2 Exchange, Inc.’’ Additionally, all references to ‘‘Chicago Board Options Exchange, Incorporated’’ will be deleted and revised to state ‘‘Cboe Exchange, Inc.’’ and all references to ‘‘CBOE’’ will be deleted and revised to state ‘‘Cboe Options’’, with the exception that any references to ‘‘CBOE Command’’, ‘‘CBOE Application Server’’ and ‘‘CBOE Market Interface’’ will change to ‘‘Cboe Command, ‘‘Cboe Application Server’’, and ‘‘Cboe Market Interface’’, respectively. (d) Exchange’s Fees Schedule For the C2 Options Exchange, Incorporated Fees Schedule, any reference to ‘‘C2 Options Exchange, Incorporated’’ will be deleted and revised to state ‘‘Cboe C2 Exchange, Inc.’’. Additionally, all references to ‘‘CBOE’’ will be deleted and revised to state ‘‘Cboe Options’’. (e) Market Data Express, LLC Fees Schedule For the Market Data Express, LLC Fees Schedule, all references to ‘‘Market Data Express, LLC’’ will be deleted and revised to state ‘‘Cboe Data Services, LLC’’ and references to ‘‘CBOE Streaming Markets’’ will be deleted in its entirety. Additionally references to ‘‘MDX’’ will be deleted and revised to state ‘‘CDS’’. 2. Statutory Basis The Exchange believes the proposed rule change is consistent with the Securities Exchange Act of 1934 (the ‘‘Act’’) and the rules and regulations thereunder applicable to the Exchange and, in particular, the requirements of Section 6(b) of the Act.5 Specifically, the Exchange believes the proposed rule change is consistent with the Section 6(b)(5) 6 requirements that the rules of an exchange be 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 regulating, clearing, settling, processing information with respect to, 5 15 6 15 U.S.C. 78f(b). U.S.C. 78f(b)(5). E:\FR\FM\03NON1.SGM 03NON1 Federal Register / Vol. 82, No. 212 / Friday, November 3, 2017 / Notices and facilitating transactions in securities, 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. In particular, the proposed change is a non-substantive change and does not impact the governance, ownership or operations of the Exchange. The Exchange believes that by ensuring that its parent company’s governance documents and the Exchanges operative documents accurately reflect the new legal names, the proposed rule change would reduce potential investor or market participant confusion. 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 is not intended to address competitive issues but rather is concerned solely with updating the Company’s and Exchange’s governance and operative documents to reflect the abovementioned name change. C. Self-Regulatory Organization’s Statement on Comments on the Proposed Rule Change Received From Members, Participants, or Others The Exchange neither solicited nor received comments on the proposed rule change. ethrower on DSK3G9T082PROD with NOTICES III. Date of Effectiveness of the Proposed Rule Change and Timing for Commission Action The foregoing rule change has become effective pursuant to Section 19(b)(3)(A) of the Act 7 and paragraph (f) of Rule 19b–4 8 thereunder. 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 will institute proceedings to determine whether the proposed rule change 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: SECURITIES AND EXCHANGE COMMISSION Electronic Comments [Release No. 34–81982; File No. SR–IEX– 2017–36] • 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– C2–2017–028 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–C2–2017–028. 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–C2–2017–028 and should be submitted on or before November 24, 2017. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.9 Eduardo A. Aleman, Assistant Secretary. [FR Doc. 2017–23925 Filed 11–2–17; 8:45 am] BILLING CODE 8011–01–P U.S.C. 78s(b)(3)(A). 8 17 CFR 240.19b–4(f). 7 15 VerDate Sep<11>2014 16:18 Nov 02, 2017 9 17 Jkt 244001 51319 PO 00000 CFR 200.30–3(a)(12). Frm 00110 Fmt 4703 Sfmt 4703 Self-Regulatory Organizations; Investors Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Clarify the Eligibility of Market Orders and Limit Orders With a Time-In-Force of DAY for a Volatility Auction Occurring Outside of Regular Market Hours October 30, 2017. Pursuant to Section 19(b)(1) 1 of the Securities Exchange Act of 1934 (the ‘‘Act’’) 2 and Rule 19b–4 thereunder,3 notice is hereby given that on October 19, 2017, the Investors Exchange LLC (‘‘IEX’’ or the ‘‘Exchange’’) filed with the Securities and Exchange Commission (the ‘‘Commission’’) the proposed rule change as described in Items I and II below, which Items have been prepared by the self-regulatory organization. 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 (a)[sic] Pursuant to the provisions of Section 19(b)(1) under the Securities Exchange Act of 1934 (‘‘Act’’),4 and Rule 19b–4 thereunder,5 Investors Exchange LLC (‘‘IEX’’ or ‘‘Exchange’’) is filing with the Commission a proposed rule change to clarify the eligibility of market orders and limit orders with a time-in-force of DAY 6 for a Volatility Auction 7 occurring outside of Regular Market Hours.8 The Exchange has designated this rule change as ‘‘noncontroversial’’ under Section 19(b)(3)(A) of the Act 9 and provided the Commission with the notice required by Rule 19b–4(f)(6) thereunder.10 The text of the proposed rule change is available at the Exchange’s Web site at www.iextrading.com, at the principal office of the Exchange, and at the Commission’s Public Reference Room. 1 15 U.S.C. 78s(b)(1). U.S.C. 78a. 3 17 CFR 240.19b–4. 4 15 U.S.C. 78s(b)(1). 5 17 CRF 240.19b–4. 6 See Rule 11.190(c)(3). 7 See Rule 11.350(f). 8 See Rule 1.160(gg). 9 15 U.S.C. 78s(b)(3)(A). 10 17 CFR 240.19b–4. 2 15 E:\FR\FM\03NON1.SGM 03NON1

Agencies

SECURITIES AND EXCHANGE COMMISSION

[Federal Register Volume 82, Number 212 (Friday, November 3, 2017)]
[Notices]
[Pages 51317-51319]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-23925]

-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-81979; File No. SR-C2-2017-028]

Self-Regulatory Organizations; C2 Options Exchange, Incorporated;
Notice of Filing and Immediate Effectiveness of a Proposed Rule Change
Relating To Reflect in the Exchange's Governing Documents, Rulebook and
Fees Schedules, a Non-Substantive Corporate Branding Change, Including
Changes to the Company's Name, the Intermediate's Name, and the
Exchange's Name

October 30, 2017.
Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934
(the ``Act''),\1\ and Rule 19b-4 thereunder,\2\ notice is hereby given
that on October 19, 2017, C2 Options Exchange, Incorporated (the
``Exchange'' or ``C2'') filed with the Securities and Exchange
Commission (the ``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 filed a proposed rule change with respect to
amendments of the Second Amended and Restated Certificate of
Incorporation (the ``Company's Certificate'') and Third Amended and
Restated Bylaws (the ``Company's Bylaws'') of its parent corporation,
CBOE Holdings, Inc. (``CBOE Holdings'' or the ``Company'') to change
the name of the Company to Cboe Global Markets, Inc. The Exchange also
proposes to amend its Fourth Amended and Restated Certificate of
Incorporation (the ``Exchange Certificate''), Eighth Amended and
Restated Bylaws of C2 Options Exchange, Incorporated (the ``Exchange
Bylaws''), rulebook and fees schedules (collectively ``operative
documents'') in connection with the name change of its parent Company
and the Exchange.
The text of the proposed rule change is also available on the
Exchange's Web site (https://www.c2exchange.com/Legal/), at the
Exchange's Office of the Secretary, 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
Background
The purpose of this filing is to reflect in the Exchange's
governing documents (and the governing documents of its parent company,
CBOE Holdings) and the Exchange's rulebook and fees schedules, a non-
substantive corporate branding change, including changes to the
Company's name and the Exchange's name.\3\ Particularly, references to
Company's and Exchange's names will be deleted and revised to state the
new names, as described more fully below. No other substantive 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 is [sic] any way.
Accordingly, this filing is being submitted under Rule 19b-4(f)(3). In
lieu of providing a copy of the marked name changes, the Exchange
represents that it will make the necessary non-substantive revisions
described below to the Exchange's corporate governance documents,
rulebook, and fees schedules, and post updated versions of each on the
Exchange's Web site pursuant to Rule 19b-4(m)(2).
---------------------------------------------------------------------------

\3\ The Exchange initially filed the proposed rule changes on
October 16, 2017 (SR-C2-2017-027). On October 19, 2017 the Exchange
withdrew SR-C2-2017-027 and then subsequently submitted this filing
(SR-C2-2017-028).
---------------------------------------------------------------------------

The Company's Name Change
In connection with the corporate name change of its parent company,
the Exchange is proposing to amend the Company's Certificate and
Bylaws. Specifically, the Company is changing its name from ``CBOE
Holdings, Inc.'' to ``Cboe Global Markets, Inc.''
(a) Company's Certificate
The Exchange proposes to (i) delete the following language from
Paragraph (1) of the introductory paragraph: ``The name of the
Corporation is CBOE Holdings, Inc.'' and (ii) amend Article First of
the Company's Certificate to reflect the new name, ``Cboe Global
Markets, Inc.''. The Exchange also proposes to add clarifying language
and cite to the applicable provisions of the General Corporation Law of
the State of

[[Page 51318]]

Delaware in connection with the proposed name change. The Exchange
notes that it is not amending the Company's name in the title or
signature line as the name changes will not be effective until the
Company, as currently named, files the proposed changes in Delaware.
Thereafter, the Exchange will amend the Certificate to reflect the new
name in the title and signature line. The Exchange also notes that
although the name of ``Chicago Board Options Exchange, Incorporated''
is changing to ``Cboe Exchange Inc.'', it is not amending the name of
Chicago Board Options Exchange, Incorporated (``CBOE'') referenced in
Article Fifth(a)(iii) at this time. Particularly, the Exchange notes
that unlike the exception applicable to proposed changes to the
Company's name,\4\ a vote of stockholders is required to adopt an
amendment to the reference of CBOE's name. As such, the Exchange will
submit a rule filing to amend the Certificate to reflect the new CBOE
name at such time it is ready to obtain stockholder approval.
---------------------------------------------------------------------------

\4\ See Section 242(b) of the General Corporation Law of the
State of Delaware.
---------------------------------------------------------------------------

(b) Company's Bylaws
With respect to the Company's Bylaws, references to ``CBOE
Holdings, Inc.'' will be deleted and revised to state ``Cboe Global
Markets, Inc.'' The Exchange also proposes to eliminate the reference
to ``Chicago Board Options Exchange, Incorporated'' in Article 10,
Section 10.2. Particularly, Section 10.2 provides that ``for so long as
the Corporation shall control, directly or indirectly, any national
securities exchange, including, but not limited to Chicago Board
Options Exchange, Incorporated (a ``Regulated Securities Exchange
Subsidiary''), before any amendment, alteration or repeal of any
provision of the Bylaws shall be effective, such amendment, alteration
or repeal shall be submitted to the board of directors of each
Regulated Securities Exchange Subsidiary, and if such amendment,
alteration or repeal must be filed with or filed with and approved by
the Securities and Exchange Commission, then such amendment, alteration
or repeal shall not become effective until filed with or filed with and
approved by the Securities and Exchange Commission, as the case may
be.'' As the Company currently controls a number of Regulated
Securities Exchange Subsidiaries, it does not believe it is necessary
to explicitly reference only Chicago Board Option Exchange,
Incorporated and therefore proposes to delete the following language:
``Including, but not limited to Chicago Board Options Exchange,
Incorporated''.
The Exchange's Name Change
For purposes of consistency, certain of the Parent's subsidiaries
have also undertaken to change their legal names. As a result, the
Exchange also proposes to change its name from ``C2 Options Exchange,
Incorporated'' to ``Cboe C2 Exchange, Inc.'' throughout its rules, fees
schedules and corporate documents. Additionally the Exchange notes that
the Chicago Board Options Exchange, Incorporated is filing a similar
rule filing to change its name to ``Cboe Exchange, Inc.'' and change
references to ``CBOE'' to ``Cboe Options'', with the exception that
references to ``CBOE Command'', ``CBOE Application Server'' and ``CBOE
Market Interface'' will be deleted and revised to state ``Cboe
Command'', ``Cboe Application Server'', and ``Cboe Market Interface'',
respectively. The Exchange therefore also proposes to replace any of
these references throughout the C2 operative documents accordingly.
Lastly, the Exchange is changing the name of ``Market Data Express,
LLC'' to ``Cboe Data Services, LLC'' and consequently also changing
references to ``MDX'' to ``CDS''. Therefore, the Exchange proposes to
amend its: (i) Fourth Amended and Restated Certificate of Incorporation
of C2 Options Exchange, Incorporated (ii) Eighth Amended and Restated
Bylaws of C2 Options Exchange, Incorporated, (iii) Rulebook, (iv) Fees
Schedule and (v) Market Data Express, LLC Fees Schedule (collectively,
the ``Operative Documents'') to reflect the name changes.
(a) Exchange's Certificate
The Exchange proposes to (i) delete the following language from the
introductory paragraph: ``The name of the Corporation is C2 Options
Exchange, Incorporated'' and (ii) amend Article First of the Exchange's
Certificate to reflect the new name, ``Cboe C2 Exchange, Inc.''. The
Exchange also proposes to change references to its parent company,
``CBOE Holdings, Inc.'' to ``Cboe Global Markets, Inc.''. The Exchange
notes that it is not amending the Exchange's name in the title,
introductory paragraph or signature line as the name changes will not
be effective until the Exchange, as currently named, files the proposed
changes in Delaware. Thereafter, the Exchange will amend the
Certificate to reflect the new name in the title, introductory
paragraph and signature line.
(b) Exchange's Bylaws
For the Exchange's Bylaws, all references to ``C2 Options Exchange,
Incorporated'' will be deleted and revised to state ``Cboe C2 Exchange,
Inc.''.
(c) Exchange's Rulebook
For the Rules of C2 Options Exchange, Incorporated, all references
to ``C2 Options Exchange, Incorporated'' will be deleted and revised to
state ``Cboe C2 Exchange, Inc.'' Additionally, all references to
``Chicago Board Options Exchange, Incorporated'' will be deleted and
revised to state ``Cboe Exchange, Inc.'' and all references to ``CBOE''
will be deleted and revised to state ``Cboe Options'', with the
exception that any references to ``CBOE Command'', ``CBOE Application
Server'' and ``CBOE Market Interface'' will change to ``Cboe Command,
``Cboe Application Server'', and ``Cboe Market Interface'',
respectively.
(d) Exchange's Fees Schedule
For the C2 Options Exchange, Incorporated Fees Schedule, any
reference to ``C2 Options Exchange, Incorporated'' will be deleted and
revised to state ``Cboe C2 Exchange, Inc.''. Additionally, all
references to ``CBOE'' will be deleted and revised to state ``Cboe
Options''.
(e) Market Data Express, LLC Fees Schedule
For the Market Data Express, LLC Fees Schedule, all references to
``Market Data Express, LLC'' will be deleted and revised to state
``Cboe Data Services, LLC'' and references to ``CBOE Streaming
Markets'' will be deleted in its entirety. Additionally references to
``MDX'' will be deleted and revised to state ``CDS''.
2. Statutory Basis
The Exchange believes the proposed rule change is consistent with
the Securities Exchange Act of 1934 (the ``Act'') and the rules and
regulations thereunder applicable to the Exchange and, in particular,
the requirements of Section 6(b) of the Act.\5\ Specifically, the
Exchange believes the proposed rule change is consistent with the
Section 6(b)(5) \6\ requirements that the rules of an exchange be
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 regulating, clearing,
settling, processing information with respect to,

[[Page 51319]]

and facilitating transactions in securities, 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.
---------------------------------------------------------------------------

\5\ 15 U.S.C. 78f(b).
\6\ 15 U.S.C. 78f(b)(5).
---------------------------------------------------------------------------

In particular, the proposed change is a non-substantive change and
does not impact the governance, ownership or operations of the
Exchange. The Exchange believes that by ensuring that its parent
company's governance documents and the Exchanges operative documents
accurately reflect the new legal names, the proposed rule change would
reduce potential investor or market participant confusion.

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 is
not intended to address competitive issues but rather is concerned
solely with updating the Company's and Exchange's governance and
operative documents to reflect the abovementioned name change.

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

The Exchange neither solicited nor received comments on the
proposed rule change.

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

The foregoing rule change has become effective pursuant to Section
19(b)(3)(A) of the Act \7\ and paragraph (f) of Rule 19b-4 \8\
thereunder. 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 will institute proceedings to
determine whether the proposed rule change should be approved or
disapproved.
---------------------------------------------------------------------------

\7\ 15 U.S.C. 78s(b)(3)(A).
\8\ 17 CFR 240.19b-4(f).
---------------------------------------------------------------------------

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 Number SR-C2-2017-028 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-C2-2017-028. 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-C2-2017-028 and should be
submitted on or before November 24, 2017.
---------------------------------------------------------------------------

\9\ 17 CFR 200.30-3(a)(12).

For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\9\
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017-23925 Filed 11-2-17; 8:45 am]
BILLING CODE 8011-01-P

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.