Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change Related to Transaction Fees for the Exchange's Equity Platform, 58671-58673 [2017-26823]
Download as PDF
<![CDATA[
Federal Register / Vol. 82, No. 238 / Wednesday, December 13, 2017 / Notices
will continue to calculate and apply the
Crossing Fee Cap in a uniform manner
to all ISE Members that are eligible for
this cap.
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 proposal
is intended to provide greater
transparency to the Schedule of Fees
and does not amend the current manner
in which the Exchange calculates or
applies the Crossing Fee Cap. The
Exchange’s proposal to add the
clarifying language regarding the
Crossing Fee Cap to the Schedule of
Fees does not impose an undue burden
on competition because the Exchange
will continue to calculate and apply the
Crossing Fee Cap in a uniform manner
to all ISE Members that are eligible for
this cap.
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
The foregoing rule change has become
effective pursuant to Section
19(b)(3)(A)(ii) of the Act,7 and Rule
19b–4(f)(2) 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: (i)
Necessary or appropriate in the public
interest; (ii) for the protection of
investors; or (iii) 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.
sradovich on DSK3GMQ082PROD with NOTICES
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:
7 15
8 17
U.S.C. 78s(b)(3)(A)(ii).
CFR 240.19b–4(f)(2).
VerDate Sep<11>2014
18:53 Dec 12, 2017
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–
ISE–2017–95 on the subject line.
Paper Comments
• Send paper comments in triplicate
to Secretary, Securities and Exchange
Commission, 100 F Street NE,
Washington, DC 20549–1090.
All submissions should refer to File
Number SR–ISE–2017–95. 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 website (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 website 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–ISE–2017–95 and should be
submitted on or before January 3, 2018.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.9
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017–26820 Filed 12–12–17; 8:45 am]
BILLING CODE 8011–01–P
9 17
Jkt 244001
PO 00000
CFR 200.30–3(a)(12).
Frm 00084
Fmt 4703
Sfmt 4703
58671
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–82236; File No. SR–
CboeBZX–2017–009]
Self-Regulatory Organizations; Cboe
BZX Exchange, Inc.; Notice of Filing
and Immediate Effectiveness of a
Proposed Rule Change Related to
Transaction Fees for the Exchange’s
Equity Platform
December 7, 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 November
30, 2017, Cboe BZX Exchange, Inc.
(‘‘BZX’’ or ‘‘Exchange’’) filed with the
Securities and Exchange Commission
(‘‘Commission’’) the proposed rule
change as described in Items I, II and III
below, which Items have been prepared
by the Exchange. The Exchange has
designated the proposed rule change as
one establishing or changing a member
due, fee, or other charge imposed by the
Exchange under Section 19(b)(3)(A)(ii)
of the Act 3 and Rule 19b–4(f)(2)
thereunder,4 which renders the
proposed rule change effective upon
filing with the Commission. 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 proposal to
amend the fee schedule applicable to
Members 5 and non-Members of the
Exchange pursuant to BZX Rules 15.1(a)
and (c).
The text of the proposed rule change
is available at the Exchange’s website at
www.markets.cboe.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
1 15
U.S.C. 78s(b)(1).
CFR 240.19b–4.
3 15 U.S.C. 78s(b)(3)(A)(ii).
4 17 CFR 240.19b–4(f)(2).
5 The term ‘‘Member’’ is defined as ‘‘any
registered broker or dealer that has been admitted
to membership in the Exchange.’’ See Exchange
Rule 1.5(n).
2 17
E:\FR\FM\13DEN1.SGM
13DEN1
58672
Federal Register / Vol. 82, No. 238 / Wednesday, December 13, 2017 / Notices
places specified in Item IV below. The
Exchange has prepared summaries, set
forth in Sections A, B, and C below, of
the most significant parts of such
statements.
(A) Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
1. Purpose
The Exchange proposes to amend its
fee schedule to delete the Retail Order
Tier under footnote 11. Fee code ZA is
appended to Retail Orders that add
liquidity on the Exchange. Retail Orders
which yield fee code ZA currently
receive a rebate of $0.0032 per share in
securities priced at or above $1.00 and
are charged no fee in securities priced
below $1.00. Currently, under the Retail
Order Tier, a Retail Order 6 that yields
fee code ZA will receive an enhanced
rebate of $0.0034 per share where that
Member adds Retail Orders that average
at least 0.07% of TCV.7 Going forward,
Members would receive the same rebate
of $0.0032 per share for all of their
Retail Orders that yield fee code ZA.8
The Exchange proposes to implement
this amendment to its fee schedule on
December 1, 2017.
2. Statutory Basis
sradovich on DSK3GMQ082PROD with NOTICES
The Exchange believes that the
proposed rule change is consistent with
the objectives of Section 6 of the Act,9
in general, and furthers the objectives of
Section 6(b)(4),10 in particular, as it is
designed to provide for the equitable
allocation of reasonable dues, fees and
other charges among its Members and
other persons using its facilities. The
Exchange believes eliminating the Retail
Order Tier is equitable and reasonable
because Retail Orders that yield fee code
ZA may continue to receive an
enhanced rebate of $0.0032 per share.
The Exchange believes the rebate
provided by fee code ZA will continue
to encourage the entry of Retail Orders
on the Exchange as no required added
6 ‘‘Retail Orders’’ are defined as ‘‘an agency or
riskless principal order that meets the criteria of
FINRA Rule 5320.03 that originates from a natural
person and is submitted to the Exchange by a Retail
Member Organization, provided that no change is
made to the terms of the order with respect to price
or side of market and the order does not originate
from a trading algorithm or any other computerized
methodology.’’ See Exchange Rule 11.25(a)(2).
7 ‘‘TCV’’ means total consolidated volume
calculated as the volume reported by all exchanges
and trade reporting facilities to a consolidated
transaction reporting plan for the month for which
the fees apply. Id.
8 The Exchange also proposes to delete reference
to footnote 11 from fee code ZA.
9 15 U.S.C. 78f.
10 15 U.S.C. 78f(b)(4).
VerDate Sep<11>2014
18:53 Dec 12, 2017
Jkt 244001
volume criteria is necessary to achieve
the rebate. The Exchange also notes that
the rebate for Retail Orders that yield fee
code ZA remains greater than the rebate
offered on another exchange.11 Lastly,
the Exchange believes that the proposed
amendment is non-discriminatory
because it applies uniformly to all
Members.
(B) Self-Regulatory Organization’s
Statement on Burden on Competition
The Exchange believes that the
proposed rule change is consistent with
the objectives of Section 6 of the Act,12
in general, and furthers the objectives of
Section 6(b)(4),13 in particular, as it is
designed to provide for the equitable
allocation of reasonable dues, fees and
other charges among its Members and
other persons using its facilities. The
Exchange believes eliminating the Retail
Order Tier is equitable and reasonable
because Retail Orders that yield fee code
ZA may continue to receive an
enhanced rebate of $0.0032 per share.
The Exchange believes the rebate
provided by fee code ZA will continue
to encourage the entry of Retail Orders
on the Exchange as no required added
volume criteria is necessary to achieve
the rebate. The Exchange also notes that
the rebate for Retail Orders that yield fee
code ZA remains greater than the rebate
offered on another exchange.14 Lastly,
the Exchange believes that the proposed
amendment is non-discriminatory
because it applies uniformly to all
Members.
(C) Self-Regulatory Organization’s
Statement on Comments on the
Proposed Rule Change Received From
Members, Participants or Others
The Exchange has not solicited, and
does not intend to solicit, comments on
this proposed rule change. The
Exchange has not received any
unsolicited written comments from
Members or other interested parties.
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)
11 NYSE Arca, Inc. (‘‘NYSE Arca’’) provides a
standard rebate of $0.0030 per share for retail orders
that add liquidity. See the NYSE Arca fee schedule
available at https://www.nyse.com/publicdocs/
nyse/markets/nyse-arca/NYSE_Arca_Marketplace_
Fees.pdf.
12 15 U.S.C. 78f.
13 15 U.S.C. 78f(b)(4).
14 NYSE Arca, Inc. (‘‘NYSE Arca’’) provides a
standard rebate of $0.0030 per share for retail orders
that add liquidity. See the NYSE Arca fee schedule
available at https://www.nyse.com/publicdocs/
nyse/markets/nyse-arca/NYSE_Arca_Marketplace_
Fees.pdf.
PO 00000
Frm 00085
Fmt 4703
Sfmt 4703
of the Act 15 and paragraph (f) of Rule
19b–4 thereunder.16 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.
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–
CboeBZX–2017–009 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–CboeBZX–2017–009. 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 website (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 website 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
15 15
16 17
E:\FR\FM\13DEN1.SGM
U.S.C. 78s(b)(3)(A).
CFR 240.19b–4(f).
13DEN1
Federal Register / Vol. 82, No. 238 / Wednesday, December 13, 2017 / Notices
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-CboeBZX–2017–009 and
should be submitted on or before
January 3, 2018.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.17
Eduardo A. Aleman,
Assistant Secretary.
(Catalog of Federal Domestic Assistance
Number 59008)
James E. Rivera,
Associate Administrator for Disaster
Assistance.
[FR Doc. 2017–26881 Filed 12–12–17; 8:45 am]
BILLING CODE 8025–01–P
SMALL BUSINESS ADMINISTRATION
[Disaster Declaration #15322 and #15323;
PUERTO RICO Disaster Number PR–00031]
Presidential Declaration Amendment of
a Major Disaster for the
Commonwealth of Puerto Rico
U.S. Small Business
Administration.
ACTION: Amendment 3.
AGENCY:
This is an amendment of the
Presidential declaration of a major
disaster for the Commonwealth of
Puerto Rico (FEMA–4339–DR), dated
09/20/2017.
Incident: Hurricane Maria.
Incident Period: 09/17/2017 through
11/15/2017.
DATES: Issued on 12/06/2017.
Physical Loan Application Deadline
Date: 03/20/2018.
Economic Injury (EIDL) Loan
Application Deadline Date: 06/20/2018.
ADDRESSES: Submit completed loan
applications to: U.S. Small Business
Administration, Processing and
Disbursement Center, 14925 Kingsport
Road, Fort Worth, TX 76155.
FOR FURTHER INFORMATION CONTACT: A.
Escobar, Office of Disaster Assistance,
U.S. Small Business Administration,
409 3rd Street SW, Suite 6050,
Washington, DC 20416, (202) 205–6734.
SUPPLEMENTARY INFORMATION: The notice
of the President’s major disaster
declaration for the Commonwealth of
Puerto Rico, dated 09/20/2017, is hereby
amended to establish the incident
period for this disaster as beginning 09/
17/2017 and continuing through 11/15/
2017.
All other information in the original
declaration remains unchanged.
sradovich on DSK3GMQ082PROD with NOTICES
SUMMARY:
U.S. Small Business
Administration.
AGENCY:
ACTION:
Amendment 1.
This is an amendment of the
Presidential declaration of a major
disaster for Public Assistance Only for
the Commonwealth of Puerto Rico
(FEMA–4339–DR), dated 11/02/2017.
Incident: Hurricane Maria.
Incident Period: 09/17/2017 through
11/15/2017.
SUMMARY:
Issued on 12/06/2017.
Physical Loan Application Deadline
Date: 01/02/2018.
Economic Injury (EIDL) Loan
Application Deadline Date: 08/02/2018.
DATES:
Submit completed loan
applications to: U.S. Small Business
Administration, Processing and
Disbursement Center, 14925 Kingsport
Road, Fort Worth, TX 76155.
ADDRESSES:
A.
Escobar, Office of Disaster Assistance,
U.S. Small Business Administration,
409 3rd Street SW, Suite 6050,
Washington, DC 20416, (202) 205–6734.
FOR FURTHER INFORMATION CONTACT:
The notice
of the President’s major disaster
declaration for Private Non-Profit
organizations in the Commonwealth of
Puerto Rico, dated 11/02/2017, is hereby
amended to establish the incident
period for this disaster as beginning 09/
17/2017 and continuing through 11/15/
2017.
All other information in the original
declaration remains unchanged.
SUPPLEMENTARY INFORMATION:
(Catalog of Federal Domestic Assistance
Number 59008)
James E. Rivera,
Associate Administrator for Disaster
Assistance.
[FR Doc. 2017–26884 Filed 12–12–17; 8:45 am]
17 17
CFR 200.30–3(a)(12).
VerDate Sep<11>2014
18:53 Dec 12, 2017
BILLING CODE 8025–01–P
Jkt 244001
[Public Notice: 10212]
30-Day Notice of Proposed Information
Collection: Electronic Medical
Examination for Visa Applicant
Notice of request for public
comment and submission to OMB of
proposed collection of information.
The Department of State has
submitted the information collection
described below to the Office of
Management and Budget (OMB) for
approval. In accordance with the
Paperwork Reduction Act of 1995 we
are requesting comments on this
collection from all interested
individuals and organizations. The
purpose of this Notice is to allow 30
days for public comment.
DATES: Submit comments directly to the
Office of Management and Budget
(OMB) up to January 12, 2018.
ADDRESSES: Direct comments to the
Department of State Desk Officer in the
Office of Information and Regulatory
Affairs at the Office of Management and
Budget (OMB). You may submit
comments by the following methods:
• Email: oira_submission@
omb.eop.gov. You must include the DS
form number, information collection
title, and the OMB control number in
the subject line of your message.
• Fax: 202–395–5806. Attention: Desk
Officer for Department of State.
FOR FURTHER INFORMATION CONTACT:
Direct requests for additional
information regarding the collection
listed in this notice, including requests
for copies of the proposed collection
instrument and supporting documents,
to S. Taylor at PRA_Burdencomments@
state.gov.
SUMMARY:
[Disaster Declaration #15374 and #15375;
PUERTO RICO Disaster Number PR–00032]
Presidential Declaration Amendment of
a Major Disaster for Public Assistance
Only for the Commonwealth of Puerto
Rico
SMALL BUSINESS ADMINISTRATION
DEPARTMENT OF STATE
ACTION:
[FR Doc. 2017–26823 Filed 12–12–17; 8:45 am]
BILLING CODE 8011–01–P
58673
PO 00000
Frm 00086
Fmt 4703
Sfmt 4703
SUPPLEMENTARY INFORMATION:
• Title of Information Collection:
Electronic Medical Examination for Visa
Applicant.
• OMB Control Number: None.
• Type of Request: New Collection.
• Originating Office: CA/VO/L/.
• Form Number: DS–7794.
• Respondents: Visa Applicants and
Panel Physicians.
• Estimated Number of Respondents:
684,589.
• Estimated Number of Responses:
684,589.
• Average Time per Response: 1 hour.
• Total Estimated Burden Time:
684,589 annual hours.
• Frequency: Once per respondent.
• Obligation to Respond: Required to
Obtain or Retain a Benefit.
We are soliciting public comments to
permit the Department to:
E:\FR\FM\13DEN1.SGM
13DEN1
]]>Agencies
[Federal Register Volume 82, Number 238 (Wednesday, December 13, 2017)]
[Notices]
[Pages 58671-58673]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-26823]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-82236; File No. SR-CboeBZX-2017-009]
Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of
Filing and Immediate Effectiveness of a Proposed Rule Change Related to
Transaction Fees for the Exchange's Equity Platform
December 7, 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 November 30, 2017, Cboe BZX Exchange, Inc. (``BZX'' or ``Exchange'')
filed with the Securities and Exchange Commission (``Commission'') the
proposed rule change as described in Items I, II and III below, which
Items have been prepared by the Exchange. The Exchange has designated
the proposed rule change as one establishing or changing a member due,
fee, or other charge imposed by the Exchange under Section
19(b)(3)(A)(ii) of the Act \3\ and Rule 19b-4(f)(2) thereunder,\4\
which renders the proposed rule change effective upon filing with the
Commission. 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.
\3\ 15 U.S.C. 78s(b)(3)(A)(ii).
\4\ 17 CFR 240.19b-4(f)(2).
---------------------------------------------------------------------------
I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change
The Exchange filed a proposal to amend the fee schedule applicable
to Members \5\ and non-Members of the Exchange pursuant to BZX Rules
15.1(a) and (c).
---------------------------------------------------------------------------
\5\ The term ``Member'' is defined as ``any registered broker or
dealer that has been admitted to membership in the Exchange.'' See
Exchange Rule 1.5(n).
---------------------------------------------------------------------------
The text of the proposed rule change is available at the Exchange's
website at www.markets.cboe.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
[[Page 58672]]
places specified in Item IV below. The Exchange has prepared summaries,
set forth in Sections A, B, and C below, of the most significant parts
of such statements.
(A) Self-Regulatory Organization's Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule Change
1. Purpose
The Exchange proposes to amend its fee schedule to delete the
Retail Order Tier under footnote 11. Fee code ZA is appended to Retail
Orders that add liquidity on the Exchange. Retail Orders which yield
fee code ZA currently receive a rebate of $0.0032 per share in
securities priced at or above $1.00 and are charged no fee in
securities priced below $1.00. Currently, under the Retail Order Tier,
a Retail Order \6\ that yields fee code ZA will receive an enhanced
rebate of $0.0034 per share where that Member adds Retail Orders that
average at least 0.07% of TCV.\7\ Going forward, Members would receive
the same rebate of $0.0032 per share for all of their Retail Orders
that yield fee code ZA.\8\ The Exchange proposes to implement this
amendment to its fee schedule on December 1, 2017.
---------------------------------------------------------------------------
\6\ ``Retail Orders'' are defined as ``an agency or riskless
principal order that meets the criteria of FINRA Rule 5320.03 that
originates from a natural person and is submitted to the Exchange by
a Retail Member Organization, provided that no change is made to the
terms of the order with respect to price or side of market and the
order does not originate from a trading algorithm or any other
computerized methodology.'' See Exchange Rule 11.25(a)(2).
\7\ ``TCV'' means total consolidated volume calculated as the
volume reported by all exchanges and trade reporting facilities to a
consolidated transaction reporting plan for the month for which the
fees apply. Id.
\8\ The Exchange also proposes to delete reference to footnote
11 from fee code ZA.
---------------------------------------------------------------------------
2. Statutory Basis
The Exchange believes that the proposed rule change is consistent
with the objectives of Section 6 of the Act,\9\ in general, and
furthers the objectives of Section 6(b)(4),\10\ in particular, as it is
designed to provide for the equitable allocation of reasonable dues,
fees and other charges among its Members and other persons using its
facilities. The Exchange believes eliminating the Retail Order Tier is
equitable and reasonable because Retail Orders that yield fee code ZA
may continue to receive an enhanced rebate of $0.0032 per share. The
Exchange believes the rebate provided by fee code ZA will continue to
encourage the entry of Retail Orders on the Exchange as no required
added volume criteria is necessary to achieve the rebate. The Exchange
also notes that the rebate for Retail Orders that yield fee code ZA
remains greater than the rebate offered on another exchange.\11\
Lastly, the Exchange believes that the proposed amendment is non-
discriminatory because it applies uniformly to all Members.
---------------------------------------------------------------------------
\9\ 15 U.S.C. 78f.
\10\ 15 U.S.C. 78f(b)(4).
\11\ NYSE Arca, Inc. (``NYSE Arca'') provides a standard rebate
of $0.0030 per share for retail orders that add liquidity. See the
NYSE Arca fee schedule available at https://www.nyse.com/publicdocs/nyse/markets/nyse-arca/NYSE_Arca_Marketplace_Fees.pdf.
---------------------------------------------------------------------------
(B) Self-Regulatory Organization's Statement on Burden on Competition
The Exchange believes that the proposed rule change is consistent
with the objectives of Section 6 of the Act,\12\ in general, and
furthers the objectives of Section 6(b)(4),\13\ in particular, as it is
designed to provide for the equitable allocation of reasonable dues,
fees and other charges among its Members and other persons using its
facilities. The Exchange believes eliminating the Retail Order Tier is
equitable and reasonable because Retail Orders that yield fee code ZA
may continue to receive an enhanced rebate of $0.0032 per share. The
Exchange believes the rebate provided by fee code ZA will continue to
encourage the entry of Retail Orders on the Exchange as no required
added volume criteria is necessary to achieve the rebate. The Exchange
also notes that the rebate for Retail Orders that yield fee code ZA
remains greater than the rebate offered on another exchange.\14\
Lastly, the Exchange believes that the proposed amendment is non-
discriminatory because it applies uniformly to all Members.
---------------------------------------------------------------------------
\12\ 15 U.S.C. 78f.
\13\ 15 U.S.C. 78f(b)(4).
\14\ NYSE Arca, Inc. (``NYSE Arca'') provides a standard rebate
of $0.0030 per share for retail orders that add liquidity. See the
NYSE Arca fee schedule available at https://www.nyse.com/publicdocs/nyse/markets/nyse-arca/NYSE_Arca_Marketplace_Fees.pdf.
---------------------------------------------------------------------------
(C) Self-Regulatory Organization's Statement on Comments on the
Proposed Rule Change Received From Members, Participants or Others
The Exchange has not solicited, and does not intend to solicit,
comments on this proposed rule change. The Exchange has not received
any unsolicited written comments from Members or other interested
parties.
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 \15\ and paragraph (f) of Rule 19b-4
thereunder.\16\ 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.
---------------------------------------------------------------------------
\15\ 15 U.S.C. 78s(b)(3)(A).
\16\ 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 [email protected]. Please include
File Number SR-CboeBZX-2017-009 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-CboeBZX-2017-009. 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 website (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 website 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
[[Page 58673]]
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-CboeBZX-2017-009 and should
be submitted on or before January 3, 2018.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\17\
---------------------------------------------------------------------------
\17\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017-26823 Filed 12-12-17; 8:45 am]
BILLING CODE 8011-01-P
