Sunshine Act Meetings, 61087 [2017-27833]
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Federal Register / Vol. 82, No. 246 / Tuesday, December 26, 2017 / Notices
basis, pursuant to Section 19(b)(2) of the
Exchange Act.76
SECURITIES AND EXCHANGE
COMMISSION
VI. Conclusion
[Release No. 34–82353; File No. SR–BOX–
2017–37]
On the basis of the foregoing, the
Commission finds that the Proposed
Rule Changes are consistent with the
requirements of the Act, in particular
the requirements of Section 17A of the
Act 77 and the rules and regulations
promulgated thereunder.
It is therefore ordered, pursuant to
Section 19(b)(2) of the Act, that
proposed rule changes SR–DTC–2017–
005, SR–FICC–2017–009, and SR–
NSCC–2017–006, as modified by
Amendments Nos. 1 and 2, be, and
hereby are, APPROVED on an
accelerated basis.78
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.79
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017–27705 Filed 12–22–17; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
Sunshine Act Meetings
FEDERAL REGISTER CITATION OF PREVIOUS
ANNOUNCEMENT: 82 FR 60252, December
19, 2017.
PREVIOUSLY ANNOUNCED TIME AND DATE OF
THE MEETING: Thursday, December 21,
2017.
The following
matter will also be considered during
the 2 p.m. Closed Meeting scheduled for
Thursday, December 21, 2017: Litigation
matter.
CHANGES IN THE MEETING:
CONTACT PERSON FOR MORE INFORMATION:
For further information and to ascertain
what, if any, matters have been added,
deleted or postponed, please contact the
Office of the Secretary at (202) 551–
5400.
Dated: December 20, 2017.
Brent J. Fields,
Secretary.
ethrower on DSK3G9T082PROD with NOTICES
BILLING CODE 8011–01–P
76 Id.
U.S.C. 78q–1.
approving the Proposed Rule Changes, the
Commission considered the proposals’ impact on
efficiency, competition, and capital formation. 15
U.S.C. 78c(f).
79 17 CFR 200.30–3(a)(12).
78 In
VerDate Sep<11>2014
20:21 Dec 22, 2017
Jkt 244001
December 19, 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 December
13, 2017, BOX Options Exchange LLC
(the ‘‘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 self-regulatory organization. The
Commission is publishing this notice to
solicit comments on the proposed rule
from interested persons.
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
The Exchange proposes to amend
Rule 7260 by extending the Penny Pilot
Program through June 30, 2018. The text
of the proposed rule change is available
from the principal office of the
Exchange, at the Commission’s Public
Reference Room and also on the
Exchange’s internet website at https://
boxoptions.com.
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
self-regulatory organization 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 self-regulatory organization 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
[FR Doc. 2017–27833 Filed 12–21–17; 11:15 am]
77 15
Self-Regulatory Organizations; BOX
Options Exchange LLC; Notice of
Filing and Immediate Effectiveness of
a Proposed Rule Change To Amend
Rule 7260 by Extending the Penny
Pilot Program Through June 30, 2018
1. Purpose
The Exchange proposes to extend the
effective time period of the Penny Pilot
Program that is currently scheduled to
1 15
2 17
PO 00000
U.S.C. 78s(b)(1).
CFR 240.19b–4.
Frm 00140
Fmt 4703
Sfmt 4703
61087
expire on December 31, 2017, until June
30, 2018.3 The Penny Pilot Program
permits certain classes to be quoted in
penny increments. The minimum price
variation for all classes included in the
Penny Pilot Program, except for
PowerShares QQQ Trust (‘‘QQQQ’’)®,
SPDR S&P 500 Exchange Traded Funds
(‘‘SPY’’), and iShares Russell 2000 Index
Funds (‘‘IWM’’), will continue to be
$0.01 for all quotations in options series
that are quoted at less than $3 per
contract and $0.05 for all quotations in
options series that are quoted at $3 per
contract or greater. QQQQ, SPY, and
IWM will continue to be quoted in $0.01
increments for all options series.
The Exchange may replace, on a semiannual basis, any Pilot Program classes
that have been delisted on the second
trading day following January 1, 2018.
The Exchange notes that the
replacement classes will be selected
based on trading activity for the six
month period beginning June 1, 2017
and ending November 30, 2017 for the
January 2018 replacements. The
Exchange will employ the same
parameters to prospective replacement
classes as approved and applicable
under the Pilot Program, including
excluding high-priced underlying
securities. The Exchange will distribute
a Regulatory Circular notifying
Participants which replacement classes
shall be included in the Penny Pilot
Program.
BOX is specifically authorized to act
jointly with the other options exchanges
participating in the Pilot Program in
identifying any replacement class.
2. Statutory Basis
The Exchange believes that the
proposal is consistent with the
3 The Penny Pilot Program has been in effect on
the Exchange since its inception in May 2012. See
Securities Exchange Act Release Nos. 66871 (April
27, 2012), 77 FR 26323 (May 3, 2012) (File No. 10–
206, In the Matter of the Application of BOX
Options Exchange LLC for Registration as a
National Securities Exchange Findings, Opinion,
and Order of the Commission), 67328 (June 29,
2012), 77 FR 40123 (July 6, 2012) (SR–BOX–2012–
007), 68425 (December 13, 2012), 77 FR 75234
(December 19, 2013) (SR–BOX–2012–021), 69789
(June 18, 2013), 78 FR 37854 (June 24, 2013) (SR–
BOX–2013–31), 71056 (December 12, 2013), 78 FR
76691 (December 18, 2013) (SR–BOX–2013–56),
72348 (June 9, 2014), 79 FR 33976 (June 13, 2014)
(SR–BOX–2014–17), 73822 (December 11, 2014), 79
FR 75606 (December 18, 2014) (SR–BOX–2014–29),
75295 (June 25, 2015), 80 FR 37690 (July 1, 2015)
(SR–BOX–2015–23), 78172 (June 28, 2016), 81 FR
43325 (July 1, 2016) (SR–BOX–2016–24), 79429
(November 30, 2016), 81 FR 87991 (December 6,
2016) (SR–BOX–2016–55) and 80828 (May 31,
2017), 82 FR 26175 (June 6, 2017) (SR–BOX–2017–
18). The extension of the effective date and the
revision of the date to replace issues that have been
delisted are the only changes to the Penny Pilot
Program being proposed at this time.
E:\FR\FM\26DEN1.SGM
26DEN1
Agencies
[Federal Register Volume 82, Number 246 (Tuesday, December 26, 2017)]
[Notices]
[Page 61087]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-27833]
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SECURITIES AND EXCHANGE COMMISSION
Sunshine Act Meetings
FEDERAL REGISTER CITATION OF PREVIOUS ANNOUNCEMENT: 82 FR 60252,
December 19, 2017.
PREVIOUSLY ANNOUNCED TIME AND DATE OF THE MEETING: Thursday, December
21, 2017.
CHANGES IN THE MEETING: The following matter will also be considered
during the 2 p.m. Closed Meeting scheduled for Thursday, December 21,
2017: Litigation matter.
CONTACT PERSON FOR MORE INFORMATION: For further information and to
ascertain what, if any, matters have been added, deleted or postponed,
please contact the Office of the Secretary at (202) 551-5400.
Dated: December 20, 2017.
Brent J. Fields,
Secretary.
[FR Doc. 2017-27833 Filed 12-21-17; 11:15 am]
BILLING CODE 8011-01-P