Self-Regulatory Organizations; Nasdaq BX, 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 Until June 30, 2018, 57627 [2017-26285]

Download as PDF Federal Register / Vol. 82, No. 233 / Wednesday, December 6, 2017 / Notices ACTION: Notice. SECURITIES AND EXCHANGE COMMISSION The Postal Service gives notice of filing a request with the Postal Regulatory Commission to add a domestic shipping services contract to the list of Negotiated Service Agreements in the Mail Classification Schedule’s Competitive Products List. SUMMARY: Date of notice required under 39 U.S.C. 3642(d)(1): December 6, 2017. DATES: FOR FURTHER INFORMATION CONTACT: The United States Postal Service® hereby gives notice that, pursuant to 39 U.S.C. 3642 and 3632(b)(3), on November 30, 2017, it filed with the Postal Regulatory Commission a USPS Request to Add Priority Mail Express, Priority Mail, & First-Class Package Service Contract 29 to Competitive Product List. Documents are available at www.prc.gov, Docket Nos. MC2018–39, CP2018–69. SUPPLEMENTARY INFORMATION: Elizabeth A. Reed, Attorney, Corporate and Postal Business Law. [FR Doc. 2017–26213 Filed 12–5–17; 8:45 am] BILLING CODE 7710–12–P POSTAL SERVICE Product Change—Priority Mail Negotiated Service Agreement ACTION: Postal ServiceTM. Notice. The Postal Service gives notice of filing a request with the Postal Regulatory Commission to add a domestic shipping services contract to the list of Negotiated Service Agreements in the Mail Classification Schedule’s Competitive Products List. SUMMARY: Date of notice required under 39 U.S.C. 3642(d)(1): December 6, 2017. DATES: FOR FURTHER INFORMATION CONTACT: Elizabeth A. Reed, 202–268–3179. The United States Postal Service® hereby gives notice that, pursuant to 39 U.S.C. 3642 and 3632(b)(3), on November 30, 2017, it filed with the Postal Regulatory Commission a USPS Request to Add Priority Mail Contract 380 to Competitive Product List. Documents are available at www.prc.gov, Docket Nos. MC2018–38, CP2018–68. daltland on DSKBBV9HB2PROD with NOTICES SUPPLEMENTARY INFORMATION: Elizabeth A. Reed, Attorney, Corporate and Postal Business Law. [FR Doc. 2017–26212 Filed 12–5–17; 8:45 am] BILLING CODE 7710–12–P VerDate Sep<11>2014 18:07 Dec 05, 2017 Jkt 244001 Self-Regulatory Organizations; Nasdaq BX, 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 Until June 30, 2018 December 1, 2017. Elizabeth A. Reed, 202–268–3179. AGENCY: [Release No. 34–82198; File No. SR–BX– 2014–048] On November 28, 2014, the Commission issued an order pursuant to its authority under Rule 612(c) of Regulation NMS 1 (‘‘Sub-Penny Rule’’) that granted Nasdaq BX, Inc. (‘‘BX’’ or ‘‘Exchange’’) a limited exemption from the Sub-Penny Rule in connection with the operation of the Exchange’s Retail Price Improvement Program (‘‘RPI Program’’).2 The limited exemption was granted concurrently with the Commission’s approval of the Exchange’s proposal to adopt the RPI Program on a one-year pilot term.3 On November 20, 2015, the Commission extended the temporary exemption until December 2016 concurrently with an immediately effective filing that extended the operation of the RPI Program until December 1, 2016.4 On December 1, 2016, the Commission extended the temporary exemption until December 1, 2017 concurrently with an immediately effective filing that extended the operation of the RPI Program until December 1, 2017.5 The Exchange now seeks to extend the exemption until June 30, 2018.6 The Exchange’s request was made in conjunction with an immediately effectively filing that extends the operation of the RPI Program until June 30, 2018.7 In its request to extend the exemption, the Exchange notes that given the gradual implementation of the RPI Program and the preliminary participation and results, extending the exemption would provide additional opportunities for greater participation 1 17 CFR 242.612(c). 2 See Securities Exchange Act Release No. 73702, 79 FR 72049 (December 4, 2014) (SR–BX–2014–048) (‘‘RPI Approval Order’’). 3 See id. 4 See Securities Exchange Act Release No. 76490 (November 20, 2015), 80 FR 74165 (November 27, 2015) (SR–BX–2015–073). 5 See Securities Exchange Act Release No. 79446 (December 1, 2016), 81 FR 88290 (December 7, 2016) (SR–BX–2016–065). 6 See SR–BX–2017–055; see also Letter from Jeffrey Davis, Vice President and Deputy General Counsel and Secretary, Nasdaq BX, Inc. to Eduardo A. Aleman, Assistant Secretary, Commission, dated November 28, 2017 (‘‘BX Letter’’). 7 See SR–BX–2017–055. PO 00000 Frm 00059 Fmt 4703 Sfmt 4703 57627 and assessment of the results.8 Accordingly, the Exchange has asked additional time to allow it and the Commission to analyze data concerning the RPI Program, which the Exchange committed to provide to the Commission.9 For this reason and the reasons stated in the RPI Approval Order originally granting the limited exemption, the Commission, pursuant to its authority under Rule 612(c) of Regulation NMS, finds that pursuant to its authority under Rule 612(c) of Regulation NMS, extending the exemption 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 an extension of the limited exemption from Rule 612 of Regulation NMS that allows the Exchange 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, until June 30, 2018. 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 exemption that are the subject of this Order. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.10 Eduardo A. Aleman, Assistant Secretary. [FR Doc. 2017–26285 Filed 12–5–17; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–82182; File No. SR–NYSE– 2017–60] Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend the Fees for NYSE BBO and NYSE Trades To Lower the Enterprise Fee, and for NYSE BQT To Lower the Access Fee November 30, 2017. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (the 8 See, e.g., BX Letter at 3; RPI Approval Order, supra note 2. 9 See, e.g., id.; RPI Approval Order, supra note 2. 10 17 CFR 200.30–3(a)(83). E:\FR\FM\06DEN1.SGM 06DEN1

Agencies

SECURITIES AND EXCHANGE COMMISSION

[Federal Register Volume 82, Number 233 (Wednesday, December 6, 2017)]
[Notices]
[Page 57627]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-26285]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-82198; File No. SR-BX-2014-048]


Self-Regulatory Organizations; Nasdaq BX, 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 Until 
June 30, 2018

December 1, 2017.
    On November 28, 2014, the Commission issued an order pursuant to 
its authority under Rule 612(c) of Regulation NMS \1\ (``Sub-Penny 
Rule'') that granted Nasdaq BX, Inc. (``BX'' or ``Exchange'') a limited 
exemption from the Sub-Penny Rule in connection with the operation of 
the Exchange's Retail Price Improvement Program (``RPI Program'').\2\ 
The limited exemption was granted concurrently with the Commission's 
approval of the Exchange's proposal to adopt the RPI Program on a one-
year pilot term.\3\ On November 20, 2015, the Commission extended the 
temporary exemption until December 2016 concurrently with an 
immediately effective filing that extended the operation of the RPI 
Program until December 1, 2016.\4\ On December 1, 2016, the Commission 
extended the temporary exemption until December 1, 2017 concurrently 
with an immediately effective filing that extended the operation of the 
RPI Program until December 1, 2017.\5\
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    \1\ 17 CFR 242.612(c).
    \2\ See Securities Exchange Act Release No. 73702, 79 FR 72049 
(December 4, 2014) (SR-BX-2014-048) (``RPI Approval Order'').
    \3\ See id.
    \4\ See Securities Exchange Act Release No. 76490 (November 20, 
2015), 80 FR 74165 (November 27, 2015) (SR-BX-2015-073).
    \5\ See Securities Exchange Act Release No. 79446 (December 1, 
2016), 81 FR 88290 (December 7, 2016) (SR-BX-2016-065).
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    The Exchange now seeks to extend the exemption until June 30, 
2018.\6\ The Exchange's request was made in conjunction with an 
immediately effectively filing that extends the operation of the RPI 
Program until June 30, 2018.\7\ In its request to extend the exemption, 
the Exchange notes that given the gradual implementation of the RPI 
Program and the preliminary participation and results, extending the 
exemption would provide additional opportunities for greater 
participation and assessment of the results.\8\ Accordingly, the 
Exchange has asked additional time to allow it and the Commission to 
analyze data concerning the RPI Program, which the Exchange committed 
to provide to the Commission.\9\ For this reason and the reasons stated 
in the RPI Approval Order originally granting the limited exemption, 
the Commission, pursuant to its authority under Rule 612(c) of 
Regulation NMS, finds that pursuant to its authority under Rule 612(c) 
of Regulation NMS, extending the exemption is appropriate in the public 
interest and consistent with the protection of investors.
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    \6\ See SR-BX-2017-055; see also Letter from Jeffrey Davis, Vice 
President and Deputy General Counsel and Secretary, Nasdaq BX, Inc. 
to Eduardo A. Aleman, Assistant Secretary, Commission, dated 
November 28, 2017 (``BX Letter'').
    \7\ See SR-BX-2017-055.
    \8\ See, e.g., BX Letter at 3; RPI Approval Order, supra note 2.
    \9\ See, e.g., id.; RPI Approval Order, supra note 2.
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    Therefore, it is hereby ordered that, pursuant to Rule 612(c) of 
Regulation NMS, the Exchange is granted an extension of the limited 
exemption from Rule 612 of Regulation NMS that allows the Exchange 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, until June 30, 2018.
    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 exemption that are the 
subject of this Order.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\10\
Eduardo A. Aleman,
Assistant Secretary.
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    \10\ 17 CFR 200.30-3(a)(83).
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[FR Doc. 2017-26285 Filed 12-5-17; 8:45 am]
 BILLING CODE 8011-01-P

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