Sunshine Act Meetings, 40099 [2018-17390]

Download as PDF Federal Register / Vol. 83, No. 156 / Monday, August 13, 2018 / Notices 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–2018–69 and should be submitted on or before September 4, 2018. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.21 Eduardo A. Aleman, Assistant Secretary. [FR Doc. 2018–17255 Filed 8–10–18; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION Sunshine Act Meetings FEDERAL REGISTER CITATION OF PREVIOUS ANNOUNCEMENT: 83 FR 25496, June 1, 2018. PREVIOUSLY ANNOUNCED TIME AND DATE OF THE MEETING: Tuesday, June 5, 2018 at 10:00 a.m. The Open Meeting scheduled for Tuesday, June 5, 2018 at 10:00 a.m. has been changed to Tuesday, June 5, 2018 at 11:30 a.m. The following items will not be considered during the Commission’s Open Meeting: • Whether to adopt a new rule as well as amendments to rules and forms to provide certain registered investment companies (‘‘funds’’) with an optional method to transmit shareholder reports. • whether to issue a release requesting comment about processing fees for delivering shareholder reports and other materials to fund investors. • whether to issue a release requesting comment from individual investors and other interested parties on how to enhance the delivery, design, and content of fund disclosures, including shareholder reports and prospectuses. 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. sradovich on DSK3GMQ082PROD with NOTICES CHANGES IN THE MEETING: Dated: June 4, 2018. Brent J. Fields, Secretary. forth in sections A, B, and C below, of the most significant aspects of such statements. [FR Doc. 2018–17390 Filed 8–9–18; 11:15 am] A. Self-Regulatory Organization’s Statement of the Purpose of, and the Statutory Basis for, the Proposed Rule Change BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–83794; File No. SR– NASDAQ–2018–062] Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend the Nasdaq Options Regulatory Fee August 7, 2018. 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 July 27, 2018, The Nasdaq Stock Market LLC (‘‘Nasdaq’’ or ‘‘Exchange’’) 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 proposes to revise The Nasdaq Options Market LLC’s Rules (‘‘NOM’’) at Chapter XV, Section 5 to amend the Nasdaq Options Regulatory Fee or ‘‘ORF.’’ While the changes proposed herein are effective upon filing, the Exchange has designated the amendments become operative on August 1, 2018. The text of the proposed rule change is available on the Exchange’s website at https://nasdaq.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 1 15 21 17 CFR 200.30–3(a)(12). VerDate Sep<11>2014 20:42 Aug 10, 2018 2 17 Jkt 244001 40099 PO 00000 U.S.C. 78s(b)(1). CFR 240.19b–4. Frm 00119 Fmt 4703 Sfmt 4703 1. Purpose Currently, Nasdaq assesses an ORF of $0.0027 per contract side. The Exchange proposes to decrease this ORF to $0.0008 per contract side. In light of recent market volumes on NOM, the Exchange is proposing to change the amount of ORF that will be collected by the Exchange. The Exchange’s proposed change to the ORF should balance the Exchange’s regulatory revenue against the anticipated costs. Collection of ORF Currently, NOM assesses its ORF for each customer option transaction that is either: (1) executed by a Participant on NOM; or (2) cleared by a NOM Participant at The Options Clearing Corporation (‘‘OCC’’) in the customer range,3 even if the transaction was executed by a non-member of NOM, regardless of the exchange on which the transaction occurs.4 If the OCC clearing member is a NOM Participant, ORF is assessed and collected on all cleared customer contracts (after adjustment for CMTA5); and (2) if the OCC clearing member is not a NOM Participant, ORF is collected only on the cleared customer contracts executed at NOM, taking into account any CMTA instructions which may result in collecting the ORF from a non-member. By way of example, if Broker A, a NOM Participant, routes a customer order to CBOE and the transaction executes on CBOE and clears in Broker A’s OCC Clearing account, ORF will be collected by NOM from Broker A’s clearing account at OCC via direct debit. While this transaction was executed on a market other than NOM, it was cleared by a NOM Participant in the member’s OCC clearing account in the customer range, therefore there is a regulatory nexus between NOM and the transaction. If Broker A was not a NOM Participant, then no ORF should be assessed and collected because there is no nexus; the transaction did not 3 Participants must record the appropriate account origin code on all orders at the time of entry in order. The Exchange represents that it has surveillances in place to verify that members mark orders with the correct account origin code. 4 The Exchange uses reports from OCC when assessing and collecting the ORF. 5 CMTA or Clearing Member Trade Assignment is a form of ‘‘give-up’’ whereby the position will be assigned to a specific clearing firm at OCC. E:\FR\FM\13AUN1.SGM 13AUN1

Agencies

SECURITIES AND EXCHANGE COMMISSION

[Federal Register Volume 83, Number 156 (Monday, August 13, 2018)]
[Notices]
[Page 40099]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-17390]


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SECURITIES AND EXCHANGE COMMISSION


Sunshine Act Meetings

FEDERAL REGISTER CITATION OF PREVIOUS ANNOUNCEMENT:  83 FR 25496, June 
1, 2018.

PREVIOUSLY ANNOUNCED TIME AND DATE OF THE MEETING:  Tuesday, June 5, 
2018 at 10:00 a.m.

CHANGES IN THE MEETING:  The Open Meeting scheduled for Tuesday, June 
5, 2018 at 10:00 a.m. has been changed to Tuesday, June 5, 2018 at 
11:30 a.m. The following items will not be considered during the 
Commission's Open Meeting:
     Whether to adopt a new rule as well as amendments to rules 
and forms to provide certain registered investment companies 
(``funds'') with an optional method to transmit shareholder reports.
     whether to issue a release requesting comment about 
processing fees for delivering shareholder reports and other materials 
to fund investors.
     whether to issue a release requesting comment from 
individual investors and other interested parties on how to enhance the 
delivery, design, and content of fund disclosures, including 
shareholder reports and prospectuses.

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: June 4, 2018.
Brent J. Fields,
Secretary.
[FR Doc. 2018-17390 Filed 8-9-18; 11:15 am]
 BILLING CODE 8011-01-P

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