Self-Regulatory Organizations: Investors Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Correct Several Typographical Errors in IEX Rule 2.160 Added by a Previous Filing, 51512-51514 [2018-22048]
Download as PDF
<![CDATA[
51512
Federal Register / Vol. 83, No. 197 / Thursday, October 11, 2018 / Notices
The Commission will issue a notice or
order granting or denying a hearing
request or intervention petition,
designating the issues for any hearing
that will be held and designating the
Presiding Officer. A notice granting a
hearing will be published in the Federal
Register and served on the parties to the
hearing.
For further details with respect to this
application, see the application dated
June 27, 2018.
Dated at Rockville, Maryland, on October
4, 2018.
For the Nuclear Regulatory Commission.
Bruce A. Watson,
Chief, Reactor Decommissioning Branch,
Division of Decommissioning, Uranium
Recovery, and Waste Programs, Office of
Nuclear Material Safety and Safeguards.
[FR Doc. 2018–22100 Filed 10–10–18; 8:45 am]
BILLING CODE 7590–01–P
POSTAL REGULATORY COMMISSION
[Docket Nos. MC2019–1 and CP2019–1]
New Postal Products
Postal Regulatory Commission.
Notice.
AGENCY:
ACTION:
The Commission is noticing a
recent Postal Service filing for the
Commission’s consideration concerning
negotiated service agreements. This
notice informs the public of the filing,
invites public comment, and takes other
administrative steps.
DATES: Comments are due: October 12,
2018.
ADDRESSES: Submit comments
electronically via the Commission’s
Filing Online system at https://
www.prc.gov. Those who cannot submit
comments electronically should contact
the person identified in the FOR FURTHER
INFORMATION CONTACT section by
telephone for advice on filing
alternatives.
FOR FURTHER INFORMATION CONTACT:
David A. Trissell, General Counsel, at
202–789–6820.
SUPPLEMENTARY INFORMATION:
SUMMARY:
Table of Contents
khammond on DSK30JT082PROD with NOTICES
I. Introduction
II. Docketed Proceeding(s)
I. Introduction
The Commission gives notice that the
Postal Service filed request(s) for the
Commission to consider matters related
to negotiated service agreement(s). The
request(s) may propose the addition or
removal of a negotiated service
agreement from the market dominant or
VerDate Sep<11>2014
20:54 Oct 10, 2018
Jkt 247001
the competitive product list, or the
modification of an existing product
currently appearing on the market
dominant or the competitive product
list.
Section II identifies the docket
number(s) associated with each Postal
Service request, the title of each Postal
Service request, the request’s acceptance
date, and the authority cited by the
Postal Service for each request. For each
request, the Commission appoints an
officer of the Commission to represent
the interests of the general public in the
proceeding, pursuant to 39 U.S.C. 505
(Public Representative). Section II also
establishes comment deadline(s)
pertaining to each request.
The public portions of the Postal
Service’s request(s) can be accessed via
the Commission’s website (https://
www.prc.gov). Non-public portions of
the Postal Service’s request(s), if any,
can be accessed through compliance
with the requirements of 39 CFR
3007.301.1
The Commission invites comments on
whether the Postal Service’s request(s)
in the captioned docket(s) are consistent
with the policies of title 39. For
request(s) that the Postal Service states
concern market dominant product(s),
applicable statutory and regulatory
requirements include 39 U.S.C. 3622, 39
U.S.C. 3642, 39 CFR part 3010, and 39
CFR part 3020, subpart B. For request(s)
that the Postal Service states concern
competitive product(s), applicable
statutory and regulatory requirements
include 39 U.S.C. 3632, 39 U.S.C. 3633,
39 U.S.C. 3642, 39 CFR part 3015, and
39 CFR part 3020, subpart B. Comment
deadline(s) for each request appear in
section II.
II. Docketed Proceeding(s)
1. Docket No(s).: MC2019–1 and
CP2019–1; Filing Title: USPS Request to
Add Priority Mail Contract 466 to
Competitive Product List and Notice of
Filing Materials Under Seal; Filing
Acceptance Date: October 4, 2018;
Filing Authority: 39 U.S.C. 3642 and 39
CFR 3020.30 et seq., and 39 CFR 3015.5;
Public Representative: Christopher C.
Mohr; Comments Due: October 12, 2018.
This Notice will be published in the
Federal Register.
Stacy L. Ruble,
Secretary.
[FR Doc. 2018–22106 Filed 10–10–18; 8:45 am]
BILLING CODE 7710–FW–P
1 See Docket No. RM2018–3, Order Adopting
Final Rules Relating to Non-Public Information,
June 27, 2018, Attachment A at 19–22 (Order No.
4679).
PO 00000
Frm 00078
Fmt 4703
Sfmt 4703
POSTAL SERVICE
Product Change—Priority Mail
Negotiated Service Agreement
Postal ServiceTM.
Notice.
AGENCY:
ACTION:
The Postal Service gives
notice of filing a request with the Postal
Regulatory Commission to add a
domestic shipping services contract to
the list of Negotiated Service
Agreements in the Mail Classification
Schedule’s Competitive Products List.
DATES: Date of required notice: October
11, 2018.
FOR FURTHER INFORMATION CONTACT:
Elizabeth Reed, 202–268–3179.
SUPPLEMENTARY INFORMATION: The
United States Postal Service® hereby
gives notice that, pursuant to 39 U.S.C.
3642 and 3632(b)(3), on October 4, 2018,
it filed with the Postal Regulatory
Commission a USPS Request to Add
Priority Mail Contract 466 to
Competitive Product List. Documents
are available at www.prc.gov, Docket
Nos. MC2019–1, CP2019–1.
SUMMARY:
Elizabeth Reed,
Attorney, Corporate and Postal Business Law.
[FR Doc. 2018–22062 Filed 10–10–18; 8:45 am]
BILLING CODE 7710–12–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–84365; File No. SR–IEX–
2018–21]
Self-Regulatory Organizations:
Investors Exchange LLC; Notice of
Filing and Immediate Effectiveness of
Proposed Rule Change To Correct
Several Typographical Errors in IEX
Rule 2.160 Added by a Previous Filing
October 4, 2018.
Pursuant to Section 19(b)(1) 1 of the
Securities Exchange Act of 1934
(‘‘Act’’) 2 and Rule 19b–4 thereunder,3
notice is hereby given that, on October
4, 2018, the Investors Exchange LLC
(‘‘IEX’’ or 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
change from interested persons.
1 15
U.S.C. 78s(b)(1).
U.S.C. 78a.
3 17 CFR 240.19b–4.
2 15
E:\FR\FM\11OCN1.SGM
11OCN1
Federal Register / Vol. 83, No. 197 / Thursday, October 11, 2018 / Notices
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
Pursuant to the provisions of Section
19(b)(1) under the Securities Exchange
Act of 1934 (‘‘Act’’),4 and Rule 19b–4
thereunder,5 IEX is filing with the
Commission a proposed rule change to
correct several typographical errors in
IEX Rule 2.160 added by a previous
filing.6 The Exchange has designated
this proposal as ‘‘non-controversial’’
and provided the Commission with the
notice required by Rule 19b–4(f)(6)(iii)
under the Act.7 The text of the proposed
rule change is available at the
Exchange’s website at
www.iextrading.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 the
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 the
Statutory Basis for, the Proposed Rule
Change
khammond on DSK30JT082PROD with NOTICES
1. Purpose
The Exchange recently filed a
proposed rule change to amend, in part,
Rule 2.160 related to qualification and
registration requirements for associated
persons of a Member (the ‘‘Original
Filing’’).8 The Original Filing
introduced several typographical errors
in Rule 2.160, which the Exchange
proposes to correct as described below.
First, the Exchange proposes to add
the text ‘‘Supplementary Material’’
immediately following the text of Rule
2.160(e)(3) to introduce Supplementary
Material .01 and .02 which follows. The
Exchange’s rulebook introduces
Supplementary Material in this manner
in other rules, and therefore proposes to
conform in Rule 2.160(e).
4 15
U.S.C. 78s(b)(1).
CFR 240.19b–4.
6 See Securities Exchange Act Release No. 84320
(September 28, 2018) (SR–IEX–2018–19).
7 17 CFR 240.19b–4(f)(6)(iii).
8 See note 6.
5 17
VerDate Sep<11>2014
20:54 Oct 10, 2018
Jkt 247001
Second, in each of Rule 2.160(h) and
(i) the Exchange proposes to relocate the
text ‘‘.01’’ following the text
‘‘Supplementary Material’’ to the
beginning of such Supplementary
Material rather than following the text
‘‘Supplementary Material.’’
Third, the Original Filing
inadvertently introduced two
typographical errors in Rule 2.160(g).
Specifically, in the first sentence the
word ‘‘shown’’ was incorrectly included
as ‘‘show’’ and the word ‘‘Exchange’’
was not capitalized. The Exchange
proposes to correct both typographical
errors.
2. Statutory Basis
IEX believes that the proposed rule
change is consistent with the provisions
of Section 6 of the Act,9 in general and
furthers the objectives of Sections
6(b)(5) of the Act,10 in particular, in that
it is designed to prevent fraudulent and
manipulative acts and practices, to
promote just and equitable principles of
trade, to foster cooperation and
coordination with persons engaged in
facilitating transactions in securities,
and to remove impediments to and
perfect the mechanism of a free and
open market and a national market
system and, in general, to protect
investors and the public interest.
IEX believes that the proposed rule
change is consistent with Section 6(b)(5)
of the Act 11 because it will eliminate
any confusion regarding IEX rules by
correcting inadvertent typographical
errors introduced by the Original Filing
in Rule 2.160 without changing the
substance of such rule provisions.
B. Self-Regulatory Organization’s
Statement on Burden on Competition
IEX 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.
The proposed rule change is not
designed to address any competitive
issues but rather to correct inadvertent
typographical errors, thereby
eliminating any potential confusion
regarding such rule provisions with
changing their substance.
C. Self-Regulatory Organization’s
Statement on Comments on the
Proposed Rule Change Received From
Members, Participants, or Others
Written comments were neither
solicited nor received.
9 15
U.S.C. 78f.
U.S.C. 78f(b)(5).
11 15 U.S.C. 78f(b)(5).
10 15
PO 00000
Frm 00079
Fmt 4703
Sfmt 4703
51513
III. Date of Effectiveness of the
Proposed Rule Change and Timing for
Commission Action
The Exchange has designated this rule
filing as non-controversial under
Section 19(b)(3)(A) 12 of the Act and
Rule 19b–4(f)(6) 13 thereunder. Because
the 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) 14 of the Act and Rule 19b–
4(f)(6) 15 thereunder.
A proposed rule change filed under
Rule 19b–4(f)(6) 16 normally does not
become operative prior to 30 days after
the date of the filing. However, pursuant
to Rule 19b–4(f)(6)(iii),17 the
Commission may designate a shorter
time if such action is consistent with the
protection of investors and the public
interest. The Exchange has asked the
Commission to waive the 30-day
operative delay. The Commission notes
that the Exchange’s proposal does not
make any substantive changes and
merely corrects typographical errors in
the Exchange’s rules. Accordingly, the
Commission believes that waiving the
30-day operative delay is consistent
with the protection of investors and the
public interest and designates the
proposal operative on filing.18
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. If the
Commission takes such action, the
Commission shall institute proceedings
under Section 19(b)(2)(B) 19 of the Act to
determine whether the proposed rule
12 15
U.S.C. 78s(b)(3)(A).
CFR 240.19b–4(f)(6).
14 15 U.S.C. 78s(b)(3)(A).
15 17 CFR 240.19b–4(f)(6). In addition, Rule 19b–
4(f)(6)(iii) requires the Exchange to give the
Commission written notice of the Exchange’s 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.
16 17 CFR 240.19b–4(f)(6).
17 17 CFR 240.19b–4(f)(6)(iii).
18 For purposes only of waving the 30-day
operative delay, the Commission has considered the
purposed rule’s impact on efficiency, competition,
and capital formation. See 15 U.S.C. 78c(f).
19 15 U.S.C. 78s(b)(2)(B).
13 17
E:\FR\FM\11OCN1.SGM
11OCN1
51514
Federal Register / Vol. 83, No. 197 / Thursday, October 11, 2018 / Notices
change 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:
• 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–
IEX–2018–21 on the subject line.
Paper Comments
khammond on DSK30JT082PROD with NOTICES
• 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–IEX–2018–21. 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–IEX–2018–21 and should
be submitted on or before November 1,
2018.
20:54 Oct 10, 2018
[FR Doc. 2018–22048 Filed 10–10–18; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–84366; File No. SR–FINRA–
2018–030]
Electronic Comments
VerDate Sep<11>2014
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.20
Eduardo A. Aleman,
Assistant Secretary.
Jkt 247001
Self-Regulatory Organizations;
Financial Industry Regulatory
Authority, Inc.; Order Approving
Proposed Rule Change To Amend
FINRA Rule 7730 To Remove
Computer-to-Computer Interface as a
Technological Option for TRACE
Reporting
October 4, 2018.
I. Introduction
On August 15, 2018, the Financial
Industry Regulatory Authority, Inc.
(‘‘FINRA’’) filed with the Securities and
Exchange Commission (‘‘Commission’’),
pursuant to Section 19(b)(1) of the
Securities Exchange Act of 1934
(‘‘Act’’) 1 and Rule 19b–4 thereunder,2 a
proposed rule change to modify the
technological connectivity options
available to member firms for reporting
transactions to the Transaction
Reporting and Compliance Engine
(‘‘TRACE’’). The proposed rule change
was published for comment in the
Federal Register on August 23, 2018.3
The Commission received no comments
on the proposed rule change. This order
approves the proposed rule change.
II. Description of the Proposal
FINRA has proposed to amend Rule
7730 (Trade Reporting and Compliance
Engine (TRACE)) to remove Computerto-Computer Interface (‘‘CTCI’’) as a
technological means of connectivity for
use in reporting transactions to TRACE.
CTCI was made available for TRACE
reporting purposes at TRACE’s
inception. FINRA added Financial
Information eXchange (‘‘FIX’’) as a
protocol for transaction reporting to
TRACE for securitized products in 2011
and for corporate and agency debt
securities in 2012. FINRA has
represented that approximately two
thirds of member firms with direct
connections, and half of the service
bureaus, have migrated from CTCI to
20 17
CFR 200.30–3(a)(12).
U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
3 See Securities Exchange Act Release No. 83868
(August 17, 2018), 83 FR 42741 (‘‘Notice’’).
1 15
PO 00000
Frm 00080
Fmt 4703
Sfmt 4703
FIX.4 FINRA believes that the migration
to FIX will continue for member firms
and service bureaus as it is an
immediately available and viable
alternative to CTCI, and that removing
CTCI as a connectivity option will
reduce operational overhead and risk for
FINRA.5
Accordingly, FINRA has proposed to
amend Rule 7730 to remove CTCI as a
means of connectivity for members to
report transactions to TRACE, leaving
three currently available options: (i)
Web browser access; (ii) FIX line access;
or (iii) indirectly via third-party vendors
(e.g., service bureaus).6 Member firms
that currently use CTCI will be able to
migrate at any point throughout the
implementation period, during which
FINRA will engage in outreach with the
industry to provide information and
assistance in connection with the
migration.7 The operative date for the
rule change will be February 3, 2020.8
III. Discussion and Commission
Findings
After careful consideration, the
Commission finds that the proposed
rule change is consistent with the
requirements of the Act and the rules
and regulations thereunder applicable to
a national securities association.9 In
particular, the Commission finds that
the proposed rule change is consistent
with Section 15A(b)(6) of the Act,10
which requires, among other things, that
FINRA rules be designed to prevent
fraudulent and manipulative acts and
practices, to promote just and equitable
principles of trade, and, in general, to
protect investors and the public interest.
While Section 15A(b)(6) sets out
principles to which the rules of a
national securities association must
adhere, it does not prescribe specific
technological requirements for carrying
out those principles. Thus, in a situation
where an association requires
information from its members to carry
out its self-regulatory and market
oversight functions, the association
generally has discretion over
establishing the means by which its
members may be required to provide
4 See
id.
id.
6 See FINRA Rule 7730.
7 See Notice, 83 FR at 42741. FINRA stated that,
in addition to general industry outreach, FINRA
will contact each member firm that directly reports
to TRACE via CTCI by email and telephone to
provide information and assistance in connection
with the migration. See id. at n. 8.
8 See id. at 42741.
9 In approving this proposal, the Commission has
considered the proposed rule’s impact on
efficiency, competition, and capital formation. See
15 U.S.C. 78c(f).
10 15 U.S.C. 78o–3(b)(6).
5 See
E:\FR\FM\11OCN1.SGM
11OCN1
]]>Agencies
[Federal Register Volume 83, Number 197 (Thursday, October 11, 2018)]
[Notices]
[Pages 51512-51514]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-22048]
=======================================================================
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-84365; File No. SR-IEX-2018-21]
Self-Regulatory Organizations: Investors Exchange LLC; Notice of
Filing and Immediate Effectiveness of Proposed Rule Change To Correct
Several Typographical Errors in IEX Rule 2.160 Added by a Previous
Filing
October 4, 2018.
Pursuant to Section 19(b)(1) \1\ of the Securities Exchange Act of
1934 (``Act'') \2\ and Rule 19b-4 thereunder,\3\ notice is hereby given
that, on October 4, 2018, the Investors Exchange LLC (``IEX'' or 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 change from interested persons.
---------------------------------------------------------------------------
\1\ 15 U.S.C. 78s(b)(1).
\2\ 15 U.S.C. 78a.
\3\ 17 CFR 240.19b-4.
---------------------------------------------------------------------------
[[Page 51513]]
I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change
Pursuant to the provisions of Section 19(b)(1) under the Securities
Exchange Act of 1934 (``Act''),\4\ and Rule 19b-4 thereunder,\5\ IEX is
filing with the Commission a proposed rule change to correct several
typographical errors in IEX Rule 2.160 added by a previous filing.\6\
The Exchange has designated this proposal as ``non-controversial'' and
provided the Commission with the notice required by Rule 19b-
4(f)(6)(iii) under the Act.\7\ The text of the proposed rule change is
available at the Exchange's website at www.iextrading.com, at the
principal office of the Exchange, and at the Commission's Public
Reference Room.
---------------------------------------------------------------------------
\4\ 15 U.S.C. 78s(b)(1).
\5\ 17 CFR 240.19b-4.
\6\ See Securities Exchange Act Release No. 84320 (September 28,
2018) (SR-IEX-2018-19).
\7\ 17 CFR 240.19b-4(f)(6)(iii).
---------------------------------------------------------------------------
II. Self-Regulatory Organization's Statement of the Purpose of, and the
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 the
Statutory Basis for, the Proposed Rule Change
1. Purpose
The Exchange recently filed a proposed rule change to amend, in
part, Rule 2.160 related to qualification and registration requirements
for associated persons of a Member (the ``Original Filing'').\8\ The
Original Filing introduced several typographical errors in Rule 2.160,
which the Exchange proposes to correct as described below.
---------------------------------------------------------------------------
\8\ See note 6.
---------------------------------------------------------------------------
First, the Exchange proposes to add the text ``Supplementary
Material'' immediately following the text of Rule 2.160(e)(3) to
introduce Supplementary Material .01 and .02 which follows. The
Exchange's rulebook introduces Supplementary Material in this manner in
other rules, and therefore proposes to conform in Rule 2.160(e).
Second, in each of Rule 2.160(h) and (i) the Exchange proposes to
relocate the text ``.01'' following the text ``Supplementary Material''
to the beginning of such Supplementary Material rather than following
the text ``Supplementary Material.''
Third, the Original Filing inadvertently introduced two
typographical errors in Rule 2.160(g). Specifically, in the first
sentence the word ``shown'' was incorrectly included as ``show'' and
the word ``Exchange'' was not capitalized. The Exchange proposes to
correct both typographical errors.
2. Statutory Basis
IEX believes that the proposed rule change is consistent with the
provisions of Section 6 of the Act,\9\ in general and furthers the
objectives of Sections 6(b)(5) of the Act,\10\ in particular, in that
it is designed to prevent fraudulent and manipulative acts and
practices, to promote just and equitable principles of trade, to foster
cooperation and coordination with persons engaged in facilitating
transactions in securities, and to remove impediments to and perfect
the mechanism of a free and open market and a national market system
and, in general, to protect investors and the public interest.
---------------------------------------------------------------------------
\9\ 15 U.S.C. 78f.
\10\ 15 U.S.C. 78f(b)(5).
---------------------------------------------------------------------------
IEX believes that the proposed rule change is consistent with
Section 6(b)(5) of the Act \11\ because it will eliminate any confusion
regarding IEX rules by correcting inadvertent typographical errors
introduced by the Original Filing in Rule 2.160 without changing the
substance of such rule provisions.
---------------------------------------------------------------------------
\11\ 15 U.S.C. 78f(b)(5).
---------------------------------------------------------------------------
B. Self-Regulatory Organization's Statement on Burden on Competition
IEX 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. The proposed rule
change is not designed to address any competitive issues but rather to
correct inadvertent typographical errors, thereby eliminating any
potential confusion regarding such rule provisions with changing their
substance.
C. Self-Regulatory Organization's Statement on Comments on the Proposed
Rule Change Received From Members, Participants, or Others
Written comments were neither solicited nor received.
III. Date of Effectiveness of the Proposed Rule Change and Timing for
Commission Action
The Exchange has designated this rule filing as non-controversial
under Section 19(b)(3)(A) \12\ of the Act and Rule 19b-4(f)(6) \13\
thereunder. Because the 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) \14\ of the Act and Rule 19b-
4(f)(6) \15\ thereunder.
---------------------------------------------------------------------------
\12\ 15 U.S.C. 78s(b)(3)(A).
\13\ 17 CFR 240.19b-4(f)(6).
\14\ 15 U.S.C. 78s(b)(3)(A).
\15\ 17 CFR 240.19b-4(f)(6). In addition, Rule 19b-4(f)(6)(iii)
requires the Exchange to give the Commission written notice of the
Exchange's 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.
---------------------------------------------------------------------------
A proposed rule change filed under Rule 19b-4(f)(6) \16\ normally
does not become operative prior to 30 days after the date of the
filing. However, pursuant to Rule 19b-4(f)(6)(iii),\17\ the Commission
may designate a shorter time if such action is consistent with the
protection of investors and the public interest. The Exchange has asked
the Commission to waive the 30-day operative delay. The Commission
notes that the Exchange's proposal does not make any substantive
changes and merely corrects typographical errors in the Exchange's
rules. Accordingly, the Commission believes that waiving the 30-day
operative delay is consistent with the protection of investors and the
public interest and designates the proposal operative on filing.\18\
---------------------------------------------------------------------------
\16\ 17 CFR 240.19b-4(f)(6).
\17\ 17 CFR 240.19b-4(f)(6)(iii).
\18\ For purposes only of waving the 30-day operative delay, the
Commission has considered the purposed rule's impact on efficiency,
competition, and capital formation. See 15 U.S.C. 78c(f).
---------------------------------------------------------------------------
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. If the Commission
takes such action, the Commission shall institute proceedings under
Section 19(b)(2)(B) \19\ of the Act to determine whether the proposed
rule
[[Page 51514]]
change should be approved or disapproved.
---------------------------------------------------------------------------
\19\ 15 U.S.C. 78s(b)(2)(B).
---------------------------------------------------------------------------
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-IEX-2018-21 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-IEX-2018-21. 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-IEX-2018-21 and should be submitted on
or before November 1, 2018.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\20\
---------------------------------------------------------------------------
\20\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018-22048 Filed 10-10-18; 8:45 am]
BILLING CODE 8011-01-P
