Order Granting Applications by Nasdaq ISE, LLC, Nasdaq GEMX, LLC, and Nasdaq MRX, LLC for Exemption Pursuant to Section 36(a) of the Exchange Act From the Rule Filing Requirements of Section 19(b) of the Exchange Act With Respect to Certain Rules Incorporated by Reference, 42722-42723 [2018-18278]

Download as PDF 42722 Federal Register / Vol. 83, No. 164 / Thursday, August 23, 2018 / Notices The Exchange is obligated to ensure that the amount of regulatory revenue collected from the ORF, in combination with its other regulatory fees and fines, does not exceed regulatory costs. 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 13 and paragraph (f) of Rule 19b–4 thereunder.14 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: daltland on DSKBBV9HB2PROD with NOTICES 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 No. SR– CboeEDGX–2018–033 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 No. SR–CboeEDGX–2018–033. 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 No. SR–CboeEDGX–2018–033, and should be submitted on or before September 13, 2018. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.15 Eduardo A. Aleman, Assistant Secretary. [FR Doc. 2018–18165 Filed 8–22–18; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–83887] Order Granting Applications by Nasdaq ISE, LLC, Nasdaq GEMX, LLC, and Nasdaq MRX, LLC for Exemption Pursuant to Section 36(a) of the Exchange Act From the Rule Filing Requirements of Section 19(b) of the Exchange Act With Respect to Certain Rules Incorporated by Reference August 20, 2018. Nasdaq ISE, LLC (‘‘ISE’’), Nasdaq GEMX, LLC (‘‘GEMX’’), and Nasdaq MRX, LLC (‘‘MRX’’) (each, a ‘‘Nasdaq Exchange,’’ and collectively, the ‘‘Nasdaq Exchanges’’) have filed with the Securities and Exchange Commission (‘‘Commission’’) an application for an exemption under Section 36(a)(1) of the Securities Exchange Act of 1934 (‘‘Exchange Act’’) 1 from the rule filing requirements of Section 19(b) of the Exchange Act 2 with respect to certain rules of Nasdaq BX, Inc. (‘‘BX’’), an affiliate of the 15 17 CFR 200.30–3(a)(12). U.S.C. 78mm(a)(1). 2 15 U.S.C. 78s(b). 13 15 U.S.C. 78s(b)(3)(A). 14 17 CFR 240.19b–4(f). VerDate Sep<11>2014 19:43 Aug 22, 2018 1 15 Jkt 244001 PO 00000 Frm 00087 Fmt 4703 Sfmt 4703 Nasdaq Exchanges, that the Nasdaq Exchanges seek to incorporate by reference.3 Section 36 of the Exchange Act authorizes the Commission to conditionally or unconditionally exempt any person, security, or transaction, or any class thereof, from any provision of the Exchange Act or rule thereunder, if necessary or appropriate in the public interest and consistent with the protection of investors. Recently, the Nasdaq Exchanges each filed a proposed rule change 4 under Section 19(b) of the Exchange Act to largely replace their existing investigatory, disciplinary, and adjudicatory rules with those contained in the BX Rule 8000 and 9000 Series, as such rules may be in effect from time to time. In the proposed rule changes, the Nasdaq Exchanges proposed to incorporate by reference the BX Rule 8000 and 9000 Series into new Chapters 80 and 90 of their respective rulebooks, and thus make these BX Rules applicable to their members, associated persons, and other persons subject to their jurisdiction. When the proposed rule changes become operative, Nasdaq Exchange members, associated persons, and other persons subject to the jurisdiction of the Nasdaq Exchanges will be required to comply with the BX Rule 8000 and 9000 Series as though such rules are fully set forth within each of the Nasdaq Exchange’s rulebooks. The Nasdaq Exchanges have requested, pursuant to Rule 0–12 under the Exchange Act,5 that the Commission grant the Nasdaq Exchanges an exemption from the rule filing requirements of Section 19(b) of the Exchange Act for changes to each of the Nasdaq Exchange’s rules that are effected solely by virtue of a change to the BX Rule 8000 and 9000 Series that are incorporated by reference. Specifically, the Nasdaq Exchanges request that they be permitted to incorporate by reference changes made to the BX Rule 8000 and 9000 Series that are cross-referenced in each of the Nasdaq Exchange’s rules, without the need for each Nasdaq Exchange to file separately the same proposed rule changes pursuant to Section 19(b) of the Exchange Act.6 3 See Letter from Brett M. Kitt, Senior Associate General Counsel, Nasdaq Inc., to Brent Fields, Secretary, Commission, dated July 16, 2018 (‘‘Exemptive Request’’). 4 See Securities Exchange Act Release Nos. 83703 (July 25, 2018) (SR–ISE–2018–59); 83704 (July 25, 2018) (SR–GEMX–2018–24); and 83705 (July 25, 2018) (SR–MRX–2018–23). 5 17 CFR 240.0–12. 6 See Exemptive Request, supra note 3, at 2. E:\FR\FM\23AUN1.SGM 23AUN1 Federal Register / Vol. 83, No. 164 / Thursday, August 23, 2018 / Notices daltland on DSKBBV9HB2PROD with NOTICES The Nasdaq Exchanges represent that the BX Rule 8000 and 9000 Series are not trading rules. Moreover, the Nasdaq Exchanges state that in each instance, the Nasdaq Exchanges propose to incorporate by reference categories of rules (rather than individual rules within a category) that are regulatory in nature. The Nasdaq Exchanges will, as a condition of this exemption, provide written notice to their members whenever BX proposes a change to its Rule 8000 and 9000 Series.7 Such notice will alert the members of each Nasdaq Exchange to the proposed rule change and give them an opportunity to comment on the proposal. The Nasdaq Exchanges state that they will also inform members in writing when the Commission approves any such proposed changes.8 The Nasdaq Exchanges believe this exemption is necessary and appropriate, because it will result in the Nasdaq Exchanges’ rules being consistent with the relevant cross-referenced BX rules at all times, thus ensuring that the Nasdaq Exchanges and BX maintain a harmonious system of investigating, disciplining, and adjudicating the rights of their respective members, associated persons, and other persons subject to their jurisdiction. Without such an exemption, members of the Nasdaq Exchanges and BX could become subject to different standards for investigations and disciplinary actions.9 The Commission has issued exemptions similar to the Nasdaq Exchanges’ request.10 In granting one 7 The Nasdaq Exchanges state that they will provide such notice on their websites in the same section they use to post their own proposed rule change filings pursuant to Rule 19b–4(l) within the timeframe required by such Rule. In addition, the Nasdaq Exchanges state that their website will also include a link to the BX website where the proposed rule change filings are located. Id. at 3. 8 Id. 9 Id. at 2. 10 See, e.g., Securities Exchange Act Release Nos. 80338 (March 29, 2017), 82 FR 16464 (April 4, 2017) (order granting exemptive request from MIAX PEARL, LLC relating to rules of Miami International Securities Exchange, LLC incorporated by reference); 72650 (July 22, 2014), 79 FR 44075 (July 29, 2014) (order granting exemptive requests from NASDAQ OMX BX, Inc. and the NASDAQ Stock Market LLC relating to rules of NASDAQ OMX PHLX LLC incorporated by reference); 67256 (June 26, 2012), 77 FR 39277, 39286 (July 2, 2012) (order approving SR–BX–2012–030 and granting exemptive request relating to rules incorporated by reference by the BX Options rules); 61534 (February 18, 2010), 75 FR 8760 (February 25, 2010) (order granting BATS Exchange, Inc.’s exemptive request relating to rules incorporated by reference by the BATS Exchange Options Market rules) (‘‘BATS Options Market Order’’); and 57478 (March 12, 2008), 73 FR 14521, 14539–40 (March 18, 2008) (order approving SR–NASDAQ–2007–004 and SR– NASDAQ–2007–080, and granting exemptive request relating to rules incorporated by reference by The NASDAQ Options Market). VerDate Sep<11>2014 19:43 Aug 22, 2018 Jkt 244001 such exemption in 2010, the Commission repeated a prior, 2004 Commission statement that it would consider similar future exemption requests from other self-regulatory organizations (‘‘SROs’’), provided that: • An SRO wishing to incorporate rules of another SRO by reference has submitted a written request for an order exempting it from the requirement in Section 19(b) of the Exchange Act to file proposed rule changes relating to the rules incorporated by reference, has identified the applicable originating SRO(s), together with the rules it wants to incorporate by reference, and otherwise has complied with the procedural requirements set forth in the Commission’s release governing procedures for requesting exemptive orders pursuant to Rule 0–12 under the Exchange Act; 11 • The incorporating SRO has requested incorporation of categories of rules (rather than individual rules within a category) that are not trading rules (e.g., the SRO has requested incorporation of rules such as margin, suitability, or arbitration); and • The incorporating SRO has reasonable procedures in place to provide written notice to its members each time a change is proposed to the incorporated rules of another SRO.12 The Commission believes that the Nasdaq Exchanges have satisfied each of these conditions. The Commission also believes that granting the Nasdaq Exchanges an exemption from the rule filing requirements under Section 19(b) of the Exchange Act will promote efficient use of Commission and Nasdaq Exchange resources by avoiding duplicative rule filings based on simultaneous changes to identical rule text sought by more than one SRO.13 The Commission therefore finds it appropriate in the public interest and consistent with the protection of investors to exempt the Nasdaq Exchanges from the rule filing requirements under Section 19(b) of the Exchange Act with respect to the abovedescribed rules they have incorporated by reference. This exemption is 11 See 17 CFR 240.0–12 and Securities Exchange Act Release No. 39624 (February 5, 1998), 63 FR 8101 (February 18, 1998) (‘‘Commission Procedures for Filing Applications for Orders for Exemptive Relief Pursuant to Section 36 of the Exchange Act; Final Rule’’). 12 See BATS Options Market Order, supra note 10 (citing Securities Exchange Act Release No. 49260 (February 17, 2004), 69 FR 8500 (February 24, 2004) (order granting exemptive request relating to rules incorporated by reference by several SROs) (‘‘2004 Order’’)). 13 See BATS Options Market Order, supra note 10, 75 FR at 8761; see also 2004 Order, supra note 12, 69 FR at 8502. PO 00000 Frm 00088 Fmt 4703 Sfmt 4703 42723 conditioned upon the Nasdaq Exchanges promptly providing written notice to their members whenever the BX changes a rule that the Nasdaq Exchanges have incorporated by reference. Accordingly, it is ordered, pursuant to Section 36 of the Exchange Act,14 that the Nasdaq Exchanges are exempt from the rule filing requirements of Section 19(b) of the Exchange Act solely with respect to changes to the rules identified in their request that incorporate by reference certain BX rules that are the result of changes to such BX rules, provided that the Nasdaq Exchanges promptly provide written notice to their members whenever the BX proposes to change a rule that the Nasdaq Exchanges have incorporated by reference. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.15 Eduardo A. Aleman, Assistant Secretary. [FR Doc. 2018–18278 Filed 8–22–18; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–83876; File No. SR–C2– 2018–017] Self-Regulatory Organizations; Cboe C2 Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Options Regulatory Fee August 17, 2018. 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 August 9, 2018, Cboe C2 Exchange, Inc. (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 proposes to amend its Fees Schedule relating to the Options Regulatory Fee. The text of the proposed rule change is also available on the Exchange’s 14 15 U.S.C. 78mm. CFR 200.30–3(a)(76). 1 15 U.S.C. 78s(b)(1). 2 17 CFR 240.19b–4. 15 17 E:\FR\FM\23AUN1.SGM 23AUN1

Agencies

[Federal Register Volume 83, Number 164 (Thursday, August 23, 2018)]
[Notices]
[Pages 42722-42723]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-18278]


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

SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-83887]


Order Granting Applications by Nasdaq ISE, LLC, Nasdaq GEMX, LLC, 
and Nasdaq MRX, LLC for Exemption Pursuant to Section 36(a) of the 
Exchange Act From the Rule Filing Requirements of Section 19(b) of the 
Exchange Act With Respect to Certain Rules Incorporated by Reference

August 20, 2018.
    Nasdaq ISE, LLC (``ISE''), Nasdaq GEMX, LLC (``GEMX''), and Nasdaq 
MRX, LLC (``MRX'') (each, a ``Nasdaq Exchange,'' and collectively, the 
``Nasdaq Exchanges'') have filed with the Securities and Exchange 
Commission (``Commission'') an application for an exemption under 
Section 36(a)(1) of the Securities Exchange Act of 1934 (``Exchange 
Act'') \1\ from the rule filing requirements of Section 19(b) of the 
Exchange Act \2\ with respect to certain rules of Nasdaq BX, Inc. 
(``BX''), an affiliate of the Nasdaq Exchanges, that the Nasdaq 
Exchanges seek to incorporate by reference.\3\ Section 36 of the 
Exchange Act authorizes the Commission to conditionally or 
unconditionally exempt any person, security, or transaction, or any 
class thereof, from any provision of the Exchange Act or rule 
thereunder, if necessary or appropriate in the public interest and 
consistent with the protection of investors.
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78mm(a)(1).
    \2\ 15 U.S.C. 78s(b).
    \3\ See Letter from Brett M. Kitt, Senior Associate General 
Counsel, Nasdaq Inc., to Brent Fields, Secretary, Commission, dated 
July 16, 2018 (``Exemptive Request'').
---------------------------------------------------------------------------

    Recently, the Nasdaq Exchanges each filed a proposed rule change 
\4\ under Section 19(b) of the Exchange Act to largely replace their 
existing investigatory, disciplinary, and adjudicatory rules with those 
contained in the BX Rule 8000 and 9000 Series, as such rules may be in 
effect from time to time. In the proposed rule changes, the Nasdaq 
Exchanges proposed to incorporate by reference the BX Rule 8000 and 
9000 Series into new Chapters 80 and 90 of their respective rulebooks, 
and thus make these BX Rules applicable to their members, associated 
persons, and other persons subject to their jurisdiction. When the 
proposed rule changes become operative, Nasdaq Exchange members, 
associated persons, and other persons subject to the jurisdiction of 
the Nasdaq Exchanges will be required to comply with the BX Rule 8000 
and 9000 Series as though such rules are fully set forth within each of 
the Nasdaq Exchange's rulebooks.
---------------------------------------------------------------------------

    \4\ See Securities Exchange Act Release Nos. 83703 (July 25, 
2018) (SR-ISE-2018-59); 83704 (July 25, 2018) (SR-GEMX-2018-24); and 
83705 (July 25, 2018) (SR-MRX-2018-23).
---------------------------------------------------------------------------

    The Nasdaq Exchanges have requested, pursuant to Rule 0-12 under 
the Exchange Act,\5\ that the Commission grant the Nasdaq Exchanges an 
exemption from the rule filing requirements of Section 19(b) of the 
Exchange Act for changes to each of the Nasdaq Exchange's rules that 
are effected solely by virtue of a change to the BX Rule 8000 and 9000 
Series that are incorporated by reference. Specifically, the Nasdaq 
Exchanges request that they be permitted to incorporate by reference 
changes made to the BX Rule 8000 and 9000 Series that are cross-
referenced in each of the Nasdaq Exchange's rules, without the need for 
each Nasdaq Exchange to file separately the same proposed rule changes 
pursuant to Section 19(b) of the Exchange Act.\6\
---------------------------------------------------------------------------

    \5\ 17 CFR 240.0-12.
    \6\ See Exemptive Request, supra note 3, at 2.

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

[[Page 42723]]

    The Nasdaq Exchanges represent that the BX Rule 8000 and 9000 
Series are not trading rules. Moreover, the Nasdaq Exchanges state that 
in each instance, the Nasdaq Exchanges propose to incorporate by 
reference categories of rules (rather than individual rules within a 
category) that are regulatory in nature. The Nasdaq Exchanges will, as 
a condition of this exemption, provide written notice to their members 
whenever BX proposes a change to its Rule 8000 and 9000 Series.\7\ Such 
notice will alert the members of each Nasdaq Exchange to the proposed 
rule change and give them an opportunity to comment on the proposal. 
The Nasdaq Exchanges state that they will also inform members in 
writing when the Commission approves any such proposed changes.\8\
---------------------------------------------------------------------------

    \7\ The Nasdaq Exchanges state that they will provide such 
notice on their websites in the same section they use to post their 
own proposed rule change filings pursuant to Rule 19b-4(l) within 
the timeframe required by such Rule. In addition, the Nasdaq 
Exchanges state that their website will also include a link to the 
BX website where the proposed rule change filings are located. Id. 
at 3.
    \8\ Id.
---------------------------------------------------------------------------

    The Nasdaq Exchanges believe this exemption is necessary and 
appropriate, because it will result in the Nasdaq Exchanges' rules 
being consistent with the relevant cross-referenced BX rules at all 
times, thus ensuring that the Nasdaq Exchanges and BX maintain a 
harmonious system of investigating, disciplining, and adjudicating the 
rights of their respective members, associated persons, and other 
persons subject to their jurisdiction. Without such an exemption, 
members of the Nasdaq Exchanges and BX could become subject to 
different standards for investigations and disciplinary actions.\9\
---------------------------------------------------------------------------

    \9\ Id. at 2.
---------------------------------------------------------------------------

    The Commission has issued exemptions similar to the Nasdaq 
Exchanges' request.\10\ In granting one such exemption in 2010, the 
Commission repeated a prior, 2004 Commission statement that it would 
consider similar future exemption requests from other self-regulatory 
organizations (``SROs''), provided that:
---------------------------------------------------------------------------

    \10\ See, e.g., Securities Exchange Act Release Nos. 80338 
(March 29, 2017), 82 FR 16464 (April 4, 2017) (order granting 
exemptive request from MIAX PEARL, LLC relating to rules of Miami 
International Securities Exchange, LLC incorporated by reference); 
72650 (July 22, 2014), 79 FR 44075 (July 29, 2014) (order granting 
exemptive requests from NASDAQ OMX BX, Inc. and the NASDAQ Stock 
Market LLC relating to rules of NASDAQ OMX PHLX LLC incorporated by 
reference); 67256 (June 26, 2012), 77 FR 39277, 39286 (July 2, 2012) 
(order approving SR-BX-2012-030 and granting exemptive request 
relating to rules incorporated by reference by the BX Options 
rules); 61534 (February 18, 2010), 75 FR 8760 (February 25, 2010) 
(order granting BATS Exchange, Inc.'s exemptive request relating to 
rules incorporated by reference by the BATS Exchange Options Market 
rules) (``BATS Options Market Order''); and 57478 (March 12, 2008), 
73 FR 14521, 14539-40 (March 18, 2008) (order approving SR-NASDAQ-
2007-004 and SR-NASDAQ-2007-080, and granting exemptive request 
relating to rules incorporated by reference by The NASDAQ Options 
Market).
---------------------------------------------------------------------------

     An SRO wishing to incorporate rules of another SRO by 
reference has submitted a written request for an order exempting it 
from the requirement in Section 19(b) of the Exchange Act to file 
proposed rule changes relating to the rules incorporated by reference, 
has identified the applicable originating SRO(s), together with the 
rules it wants to incorporate by reference, and otherwise has complied 
with the procedural requirements set forth in the Commission's release 
governing procedures for requesting exemptive orders pursuant to Rule 
0-12 under the Exchange Act; \11\
---------------------------------------------------------------------------

    \11\ See 17 CFR 240.0-12 and Securities Exchange Act Release No. 
39624 (February 5, 1998), 63 FR 8101 (February 18, 1998) 
(``Commission Procedures for Filing Applications for Orders for 
Exemptive Relief Pursuant to Section 36 of the Exchange Act; Final 
Rule'').
---------------------------------------------------------------------------

     The incorporating SRO has requested incorporation of 
categories of rules (rather than individual rules within a category) 
that are not trading rules (e.g., the SRO has requested incorporation 
of rules such as margin, suitability, or arbitration); and
     The incorporating SRO has reasonable procedures in place 
to provide written notice to its members each time a change is proposed 
to the incorporated rules of another SRO.\12\
---------------------------------------------------------------------------

    \12\ See BATS Options Market Order, supra note 10 (citing 
Securities Exchange Act Release No. 49260 (February 17, 2004), 69 FR 
8500 (February 24, 2004) (order granting exemptive request relating 
to rules incorporated by reference by several SROs) (``2004 
Order'')).
---------------------------------------------------------------------------

    The Commission believes that the Nasdaq Exchanges have satisfied 
each of these conditions. The Commission also believes that granting 
the Nasdaq Exchanges an exemption from the rule filing requirements 
under Section 19(b) of the Exchange Act will promote efficient use of 
Commission and Nasdaq Exchange resources by avoiding duplicative rule 
filings based on simultaneous changes to identical rule text sought by 
more than one SRO.\13\ The Commission therefore finds it appropriate in 
the public interest and consistent with the protection of investors to 
exempt the Nasdaq Exchanges from the rule filing requirements under 
Section 19(b) of the Exchange Act with respect to the above-described 
rules they have incorporated by reference. This exemption is 
conditioned upon the Nasdaq Exchanges promptly providing written notice 
to their members whenever the BX changes a rule that the Nasdaq 
Exchanges have incorporated by reference.
---------------------------------------------------------------------------

    \13\ See BATS Options Market Order, supra note 10, 75 FR at 
8761; see also 2004 Order, supra note 12, 69 FR at 8502.
---------------------------------------------------------------------------

    Accordingly, it is ordered, pursuant to Section 36 of the Exchange 
Act,\14\ that the Nasdaq Exchanges are exempt from the rule filing 
requirements of Section 19(b) of the Exchange Act solely with respect 
to changes to the rules identified in their request that incorporate by 
reference certain BX rules that are the result of changes to such BX 
rules, provided that the Nasdaq Exchanges promptly provide written 
notice to their members whenever the BX proposes to change a rule that 
the Nasdaq Exchanges have incorporated by reference.
---------------------------------------------------------------------------

    \14\ 15 U.S.C. 78mm.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\15\
---------------------------------------------------------------------------

    \15\ 17 CFR 200.30-3(a)(76).
---------------------------------------------------------------------------

Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018-18278 Filed 8-22-18; 8:45 am]
 BILLING CODE 8011-01-P
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