Self-Regulatory Organizations; Chicago Board Options Exchange, Incorporated; Notice of Withdrawal of a Proposed Rule Change Related To Amend Rule 6.21., Give Up of a Clearing Trading Permit Holder, 63946 [2018-26910]

Download as PDF 63946 Federal Register / Vol. 83, No. 238 / Wednesday, December 12, 2018 / Notices 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)(iii) of the Act 17 and subparagraph (f)(6) of Rule 19b–4 thereunder.18 A proposed rule change filed under Rule 19b–4(f)(6) 19 normally does not become operative prior to 30 days after the date of the filing. However, Rule 19b–4(f)(6)(iii) 20 permits the Commission to 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 so that the proposal may become operative immediately upon filing. The Exchange states that immediately codifying its current practice within its rules to accurately reflect the operation of the Exchange’s System will avoid confusion. The Commission believes that waiver of the 30-day operative delay is consistent with the protection of investors and the public interest. Accordingly, the Commission hereby waives the operative delay and designates the proposed rule change as operative upon filing.21 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. 17 15 U.S.C. 78s(b)(3)(A)(iii). 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 the 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. 19 17 CFR 240.19b–4(f)(6). 20 17 CFR 240.19b–4(f)(6)(iii). 21 For purposes only of waiving the 30-day operative delay, the Commission has also considered the proposed rule’s impact on efficiency, competition, and capital formation. See 15 U.S.C. 78c(f). amozie on DSK3GDR082PROD with NOTICES1 18 17 VerDate Sep<11>2014 18:39 Dec 11, 2018 Jkt 247001 Comments may be submitted by any of the following methods: SECURITIES AND EXCHANGE COMMISSION 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– GEMX–2018–39 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–GEMX–2018–39. 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–GEMX–2018–39 and should be submitted on or before January 2, 2019. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.22 Eduardo A. Aleman, Assistant Secretary. [FR Doc. 2018–26827 Filed 12–11–18; 8:45 am] BILLING CODE 8011–01–P 22 17 PO 00000 CFR 200.30–3(a)(12). Frm 00122 Fmt 4703 Sfmt 9990 [Release No. 34–84748; File No. SR–CBOE– 2018–055] Self-Regulatory Organizations; Chicago Board Options Exchange, Incorporated; Notice of Withdrawal of a Proposed Rule Change Related To Amend Rule 6.21., Give Up of a Clearing Trading Permit Holder December 7, 2018. On August 7, 2018, the Chicago Board Options Exchange, Incorporated (‘‘CBOE’’) 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 amend its rules governing the give up of a Clearing Trading Permit Holder by a Trading Permit Holder on exchange transactions. The proposed rule change was published for comment in the Federal Register on August 23, 2018.3 The Commission received four comments on the proposed rule change.4 On October 3, 2018, CBOE withdrew the proposed rule change (SR–CBOE– 2018–055). For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.5 Eduardo A. Aleman, Assistant Secretary. [FR Doc. 2018–26910 Filed 12–11–18; 8:45 am] BILLING CODE 8011–01–P 1 15 U.S.C. 78s(b)(1). CFR 240.19b–4. 3 See Securities Exchange Act Release No. 83872 (August 17, 2018), 83 FR 42751. 4 See Letters to Brent J. Fields, Secretary, Commission, from: (1) Mark Dehnert, Managing Director, Goldman Sachs & Co. LLC, dated August 29, 2018; (2) Matthew R. Scott, President, Merrill Lynch Professional Clearing Corp., dated August 31, 2018; (3) Ellen Greene, Managing Director, Securties Industry Financial Markets Association, dated September 12, 2018; and (4) Scott Warren, Executive Vice President and Chief Administrative Officer, Options Clearing Corporation, dated September 13, 2018. The comment letters are available at https://www.sec.gov/comments/sr-cboe2018-55/srcboe201855.htm. 5 17 CFR 200.30–3(a)(12). 2 17 E:\FR\FM\12DEN1.SGM 12DEN1

Agencies

[Federal Register Volume 83, Number 238 (Wednesday, December 12, 2018)]
[Notices]
[Page 63946]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-26910]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-84748; File No. SR-CBOE-2018-055]


Self-Regulatory Organizations; Chicago Board Options Exchange, 
Incorporated; Notice of Withdrawal of a Proposed Rule Change Related To 
Amend Rule 6.21., Give Up of a Clearing Trading Permit Holder

December 7, 2018.
    On August 7, 2018, the Chicago Board Options Exchange, Incorporated 
(``CBOE'') 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 amend its rules governing the 
give up of a Clearing Trading Permit Holder by a Trading Permit Holder 
on exchange transactions. The proposed rule change was published for 
comment in the Federal Register on August 23, 2018.\3\ The Commission 
received four comments on the proposed rule change.\4\
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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. 83872 (August 17, 
2018), 83 FR 42751.
    \4\ See Letters to Brent J. Fields, Secretary, Commission, from: 
(1) Mark Dehnert, Managing Director, Goldman Sachs & Co. LLC, dated 
August 29, 2018; (2) Matthew R. Scott, President, Merrill Lynch 
Professional Clearing Corp., dated August 31, 2018; (3) Ellen 
Greene, Managing Director, Securties Industry Financial Markets 
Association, dated September 12, 2018; and (4) Scott Warren, 
Executive Vice President and Chief Administrative Officer, Options 
Clearing Corporation, dated September 13, 2018. The comment letters 
are available at https://www.sec.gov/comments/sr-cboe-2018-55/srcboe201855.htm.
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    On October 3, 2018, CBOE withdrew the proposed rule change (SR-
CBOE-2018-055).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\5\
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    \5\ 17 CFR 200.30-3(a)(12).
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Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018-26910 Filed 12-11-18; 8:45 am]
 BILLING CODE 8011-01-P
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