Self-Regulatory Organizations; Nasdaq BX, Inc.; Notice of Designation of a Longer Period for Commission Action on Proposed Rule Change To Make Permanent the Exchange's Retail Price Improvement Program, Which is Set To Expire on December 31, 2018, 45479-45480 [2018-19374]

Download as PDF Federal Register / Vol. 83, No. 174 / Friday, September 7, 2018 / Notices expensive transactions.18 In this regard, the Exchange notes that proposed new optional functionality may improve the Exchange market by attracting more Order flow, which is currently trading on less transparent venues that contribute less to price discovery and price competition than executions and quotes that occur on lit exchanges. Such new Order flow will further enhance the depth and liquidity on the Exchange, which supports just and equitable principles of trade. Furthermore, the proposed modification to the Minimum Quantity Order Attribute is consistent with providing market participants with greater control over the nature of their executions so that they may achieve their trading goals and improve the quality of their executions. B. Self-Regulatory Organization’s Statement on Burden on Competition The Exchange does not believe that the proposed rule change will result in any burden on competition that is not necessary or appropriate in furtherance of the purposes of the Act, as amended. Specifically, the proposed change allows market participants to condition the processing of their Orders based on a minimum execution size. The changes to the Minimum Quantity Order Attribute will enhance the functionality offered by the Exchange to its members, thereby promoting its competitiveness with other exchanges and non-exchange trading venues that already offer the same or similar functionality. As a consequence, the proposed change will promote competition among exchanges and their peers, which, in turn, will decrease the burden on competition rather than place an unnecessary burden thereon. C. Self-Regulatory Organization’s Statement on Comments on the Proposed Rule Change Received From Members, Participants, or Others daltland on DSKBBV9HB2PROD with NOTICES No written comments were either solicited or received. 18 As noted, the proposal is designed to attract liquidity to the Exchange by allowing market participants to designate a minimum size of contraside Order with which to interact, thus providing market participants with functionality that is otherwise available to them on another exchange (i.e., Nasdaq). The designation of a minimum size may reduce the interaction that such new Order flow would have with smaller contra-side Orders on the Exchange, some of which may be retail Order flow. The Exchange notes that since the Order flow attracted by this functionality may also represent retail investors and is in addition to the existing Order flow currently on the Exchange, market quality for retail investors ultimately should not be negatively impacted. Accordingly, the Exchange does not believe that retail Orders will be disadvantaged by the proposed change. VerDate Sep<11>2014 17:55 Sep 06, 2018 Jkt 244001 III. Date of Effectiveness of the Proposed Rule Change and Timing for Commission Action Because the foregoing proposed rule change does not: (i) Significantly affect the protection of investors or the public interest; (ii) impose any significant burden on competition; and (iii) become operative for 30 days from the date on which it was filed, or such shorter time as the Commission may designate, it has become effective pursuant to Section 19(b)(3)(A) of the Act 19 and Rule 19b– 4(f)(6) thereunder.20 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. 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– BX–2018–040 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–BX–2018–040. 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/ 19 15 U.S.C. 78s(b)(3)(A). CFR 240.19b–4(f)(6). In addition, Rule 19b– 4(f)(6)(iii) requires a self-regulatory organization to give the Commission written notice of its intent to file the proposed rule change, along with a brief description and text of the proposed rule change, at least five business days prior to the date of filing of the proposed rule change, or such shorter time as designated by the Commission. The Exchange has satisfied this requirement. 20 17 PO 00000 Frm 00069 Fmt 4703 Sfmt 4703 45479 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–BX–2018–040 and should be submitted on or before September 28, 2018. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.21 Eduardo A. Aleman, Assistant Secretary. [FR Doc. 2018–19376 Filed 9–6–18; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–84013; File No. SR–BX– 2018–025] Self-Regulatory Organizations; Nasdaq BX, Inc.; Notice of Designation of a Longer Period for Commission Action on Proposed Rule Change To Make Permanent the Exchange’s Retail Price Improvement Program, Which is Set To Expire on December 31, 2018 August 31, 2018. On July 9, 2018, Nasdaq BX, Inc. (‘‘Exchange’’) filed with the Securities and Exchange Commission (‘‘Commission’’), pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (‘‘Exchange Act’’) 1 and Rule 19b–4 thereunder,2 a proposed rule change to make permanent the Exchange’s Retail Price Improvement Program. The proposed rule change was 21 17 CFR 200.30–3(a)(12). U.S.C. 78s(b)(1). 2 17 CFR 240.19b–4. 1 15 E:\FR\FM\07SEN1.SGM 07SEN1 45480 Federal Register / Vol. 83, No. 174 / Friday, September 7, 2018 / Notices published for comment in the Federal Register on July 26, 2018.3 The Commission has received no comment letters on the proposed rule change. Section 19(b)(2) of the Act 4 provides that within 45 days of the publication of notice of the filing of a proposed rule change, or within such longer period up to 90 days as the Commission may designate if it finds such longer period to be appropriate and publishes its reasons for so finding, or as to which the self-regulatory organization consents, the Commission shall either approve the proposed rule change, disapprove the proposed rule change, or institute proceedings to determine whether the proposed rule change should be disapproved. The 45th day after publication of the notice for this proposed rule change is September 9, 2018. The Commission is extending the 45day time period for Commission action on the proposed rule change. The Commission finds it appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change. Accordingly, the Commission, pursuant to Section 19(b)(2) of the Act and for the reasons stated above,5 designates October 24, 2018, as the date by which the Commission shall either approve or disapprove, or institute proceedings to determine whether to disapprove, the proposed rule change (File No. SR–BX– 2018–025). For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.6 Eduardo A. Aleman, Assistant Secretary. [FR Doc. 2018–19374 Filed 9–6–18; 8:45 am] BILLING CODE 8011–01–P DEPARTMENT OF TRANSPORTATION Federal Highway Administration Notice To Rescind a Notice of Intent To Prepare an Environmental Impact Statement for the Southern Evacuation Life Line Project in Georgetown and Horry Counties, SC Federal Highway Administration (FHWA), DOT. ACTION: Notice to rescind a Notice of Intent. daltland on DSKBBV9HB2PROD with NOTICES AGENCY: 3 See Securities Exchange Act Release No. 83681 (July 20, 2018), 83 FR 35516. 4 15 U.S.C. 78s(b)(2). 5 Id. 6 17 CFR 200.30–3(a)(31). VerDate Sep<11>2014 17:55 Sep 06, 2018 Jkt 244001 The FHWA is issuing this notice to advise the public that, effective immediately, we are rescinding a Notice of Intent (NOI) to prepare an Environmental Impact Statement (EIS) for the proposed Southern Evacuation Life Line (SELL) project in Georgetown and Horry counties, South Carolina. FOR FURTHER INFORMATION CONTACT: Emily O. Lawton, Division Administrator, Federal Highway Administration, Strom Thurmond Federal Building, 1835 Assembly Street, Suite 1270, Columbia, South Carolina 29201, Telephone: (803) 765–5411, Email: emily.lawton@dot.gov. SUPPLEMENTARY INFORMATION: The FHWA, in cooperation with the South Carolina Department of Transportation (SCDOT), issued a NOI on March 17, 2006, to prepare an environmental impact statement (EIS) on a proposal for a new alignment roadway, known as the Southern Evacuation Life Line (SELL), located in Georgetown and Horry counties, South Carolina. The purpose of the project was to establish a new alignment hurricane evacuation route for the southeastern portion of Horry County and the northeastern portion of Georgetown County in South Carolina, between U.S. 17 near Garden City, SC, and U.S. 501 near Aynor, SC. The FHWA was initially involved as the lead federal agency for this project as there was a federal earmark of $4 million being used for the project that was being administered by FHWA. A Draft Environmental Impact Statement (DEIS) was prepared and a Notice of Availability was issued on August 15, 2008. However, the proposed project was postponed after the DEIS was published due a lack of funding at that time. The $4 million from the federal earmark that was being administered by FHWA was completely expended for this effort. In late 2016, Horry County passed the RIDE III Capital Project Sales Tax program, which included an allocation of $25 million for the SELL project to fund preliminary engineering (including the preparation of a new environmental impact statement), as well as right-ofway acquisition, should a build alternative be selected for the project. Since the federal earmark has been completely expended, and no new federal-aid highway program funding has been identified for the project, FHWA no longer has a federal action per Title 23 of the U.S. Code. In addition, given the amount of time that has passed since the DEIS was completed, SCDOT and Horry County will essentially need to restart the NEPA process for the project. Due to this, the SUMMARY: PO 00000 Frm 00070 Fmt 4703 Sfmt 4703 FHWA is issuing a Notice to Rescind the Notice of Intent to prepare and EIS for the SELL project that was initially issued March 17, 2006. Dated: August 31, 2018. Emily O. Lawton, Division Administrator, Columbia, South Carolina. [FR Doc. 2018–19445 Filed 9–6–18; 8:45 am] BILLING CODE 4910–22–P DEPARTMENT OF TRANSPORTATION Pipeline and Hazardous Materials Safety Administration [Docket No. PHMSA–2016–0128] Pipeline Safety: Meeting of the Voluntary Information-Sharing System Working Group Pipeline and Hazardous Materials Safety Administration (PHMSA), DOT. ACTION: Notice. AGENCY: This notice announces a public meeting of the Voluntary Information-sharing System (VIS) Working Group. The VIS Working Group will convene to discuss and identify recommendations to establish a voluntary information-sharing system. DATES: The public meeting will be held on October 3, 2018, from 8:30 a.m. to 5:00 p.m. ET. Members of the public who wish to attend in person should register no later than September 26, 2018. Individuals requiring accommodations, such as sign language interpretation or other ancillary aids, may notify PHMSA by September 26, 2018. For additional information, see the ADDRESSES section. ADDRESSES: The meeting will be held at U.S. Department of Transportation, 1200 New Jersey Ave. SE, Washington, DC 20590. The meeting agenda and additional information will be published on the following VIS Working Group registration page at: https:// primis.phmsa.dot.gov/meetings/ MtgHome.mtg?mtg=139. The meetings will not be webcast; however, presentations will be available on the meeting website and posted on the E-Gov website, https:// www.regulations.gov/, under docket number PHMSA–2016–0128 within 30 days following the meeting. Public Participation: This meeting will be open to the public. Members of the public who attend in person will also be provided an opportunity to make a statement during the meetings. Written comments: Persons who wish to submit written comments on the SUMMARY: E:\FR\FM\07SEN1.SGM 07SEN1

Agencies

SECURITIES AND EXCHANGE COMMISSION

[Federal Register Volume 83, Number 174 (Friday, September 7, 2018)]
[Notices]
[Pages 45479-45480]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-19374]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-84013; File No. SR-BX-2018-025]


Self-Regulatory Organizations; Nasdaq BX, Inc.; Notice of 
Designation of a Longer Period for Commission Action on Proposed Rule 
Change To Make Permanent the Exchange's Retail Price Improvement 
Program, Which is Set To Expire on December 31, 2018

August 31, 2018.
    On July 9, 2018, Nasdaq BX, Inc. (``Exchange'') filed with the 
Securities and Exchange Commission (``Commission''), pursuant to 
Section 19(b)(1) of the Securities Exchange Act of 1934 (``Exchange 
Act'') \1\ and Rule 19b-4 thereunder,\2\ a proposed rule change to make 
permanent the Exchange's Retail Price Improvement Program. The proposed 
rule change was

[[Page 45480]]

published for comment in the Federal Register on July 26, 2018.\3\ The 
Commission has received no comment letters on the proposed rule change.
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ See Securities Exchange Act Release No. 83681 (July 20, 
2018), 83 FR 35516.
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    Section 19(b)(2) of the Act \4\ provides that within 45 days of the 
publication of notice of the filing of a proposed rule change, or 
within such longer period up to 90 days as the Commission may designate 
if it finds such longer period to be appropriate and publishes its 
reasons for so finding, or as to which the self-regulatory organization 
consents, the Commission shall either approve the proposed rule change, 
disapprove the proposed rule change, or institute proceedings to 
determine whether the proposed rule change should be disapproved. The 
45th day after publication of the notice for this proposed rule change 
is September 9, 2018.
---------------------------------------------------------------------------

    \4\ 15 U.S.C. 78s(b)(2).
---------------------------------------------------------------------------

    The Commission is extending the 45-day time period for Commission 
action on the proposed rule change. The Commission finds it appropriate 
to designate a longer period within which to take action on the 
proposed rule change so that it has sufficient time to consider the 
proposed rule change. Accordingly, the Commission, pursuant to Section 
19(b)(2) of the Act and for the reasons stated above,\5\ designates 
October 24, 2018, as the date by which the Commission shall either 
approve or disapprove, or institute proceedings to determine whether to 
disapprove, the proposed rule change (File No. SR-BX-2018-025).
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    \5\ Id.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\6\
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    \6\ 17 CFR 200.30-3(a)(31).
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Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018-19374 Filed 9-6-18; 8:45 am]
 BILLING CODE 8011-01-P

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