Self-Regulatory Organizations; Nasdaq MRX, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change to MRX Section 22 of the Rulebook, 64612-64614 [2018-27202]
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Federal Register / Vol. 83, No. 241 / Monday, December 17, 2018 / Notices
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
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
Statutory Basis for, the Proposed Rule
Change
1. Purpose
GEMX rules at Section 22, titled
‘‘Rate-Modified Foreign Currency
Options Rules’’ incorporate by reference
Nasdaq ISE, LLC (‘‘ISE’’) Chapter 22. ISE
recently filed to delete Section 22 from
its Rulebook.3 At this time, the
Exchange proposes to delete the text at
Section 22 of GEMX rules as the ISE
rule no longer exists and there is no rule
to incorporate by reference.
2. Statutory Basis
The Exchange believes that its
proposal is consistent with Section 6(b)
of the Act,4 in general, and furthers the
objectives of Section 6(b)(5) of the Act,5
in particular, in that it is designed to
promote just and equitable principles of
trade, 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, by
eliminating rule text within GEMX’s
Rulebook which redirects GEMX
Members to a non-existent ISE section
of rules for listing and trading FCOs.
The Exchange [sic] recently
eliminated ISE rules at Section 22.
GEMX Section 22 incorporated by
reference ISE Section 22. GEMX
proposes to remove the text at Section
22 to avoid confusion.
amozie on DSK3GDR082PROD with NOTICES1
B. Self-Regulatory Organization’s
Statement on Burden on Competition
The Exchange does not believe that
the proposed rule change will impose
any burden on competition not
necessary or appropriate in furtherance
of the purposes of the Act. The
Exchange does not believe that
eliminating the GEMX Section 22 rules
will create an undue burden on intramarket competition because this rule set
directs GEMX Members to a nonexistent
ISE section of rules.
3 Securities Exchange Act Release No. 84516
(November 1, 2018), 83 FR 55771 (November 7,
2018) (SR–ISE–2018–91).
4 15 U.S.C. 78f(b).
5 15 U.S.C. 78f(b)(5).
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C. Self-Regulatory Organization’s
Statement on Comments on the
Proposed Rule Change Received From
Members, Participants, or Others
No written comments were either
solicited or received.
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)(iii) of the Act 6 and
subparagraph (f)(6) of Rule 19b–4
thereunder.7
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
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–
GEMX–2018–41 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–2018–41. This file
6 15
U.S.C. 78s(b)(3)(A)(iii).
7 17 CFR 240.19b–4(f)(6). In addition, Rule 19b–
4(f)(6) requires a self-regulatory organization to give
the Commission written notice of its intent to file
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.
PO 00000
Frm 00097
Fmt 4703
Sfmt 4703
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–2018–41 and
should be submitted on or before
January 7, 2019.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.8
Eduardo A. Aleman,
Deputy Secretary.
[FR Doc. 2018–27204 Filed 12–14–18; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–84790; File No. SR–MRX–
2018–38]
Self-Regulatory Organizations; Nasdaq
MRX, LLC; Notice of Filing and
Immediate Effectiveness of Proposed
Rule Change to MRX Section 22 of the
Rulebook
December 11, 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 November
29, 2018, Nasdaq MRX, LLC (‘‘MRX’’ or
8 17
CFR 200.30–3(a)(12).
U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
1 15
E:\FR\FM\17DEN1.SGM
17DEN1
Federal Register / Vol. 83, No. 241 / Monday, December 17, 2018 / Notices
‘‘Exchange’’) filed with the Securities
and Exchange Commission (‘‘SEC’’ or
‘‘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 a proposal
to delete MRX Section 22 of the
Rulebook entitled ‘‘Rate-Modified
Foreign Currency Options Rules.’’
The text of the proposed rule change
is available on the Exchange’s website at
https://nasdaqmrx.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
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
Statutory Basis for, the Proposed Rule
Change
amozie on DSK3GDR082PROD with NOTICES1
1. Purpose
MRX rules at Section 22, titled ‘‘RateModified Foreign Currency Options
Rules’’ incorporate by reference Nasdaq
ISE, LLC (‘‘ISE’’) Chapter 22. ISE
recently filed to delete Section 22 from
its Rulebook.3 At this time, the
Exchange proposes to delete the text at
Section 22 of MRX rules as the ISE rule
no longer exists and there is no rule to
incorporate by reference.
2. Statutory Basis
The Exchange believes that its
proposal is consistent with Section 6(b)
of the Act,4 in general, and furthers the
objectives of Section 6(b)(5) of the Act,5
in particular, in that it is designed to
3 Securities Exchange Act Release No. 84516
(November 1, 2018), 83 FR 55771 (November 7,
2018) (SR–ISE–2018–91).
4 15 U.S.C. 78f(b).
5 15 U.S.C. 78f(b)(5).
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19:17 Dec 14, 2018
Jkt 247001
64613
promote just and equitable principles of
trade, 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, by
eliminating rule text within MRX’s
Rulebook which redirects MRX
Members to a non-existent ISE section
of rules for listing and trading FCOs.
The Exchange [sic] recently eliminate
[sic] ISE rules at Section 22. MRX
Section 22 incorporated by reference
ISE Section 22. MRX proposes to
remove the text at Section 22 to avoid
confusion.
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.
B. Self-Regulatory Organization’s
Statement on Burden on Competition
The Exchange does not believe that
the proposed rule change will impose
any burden on competition not
necessary or appropriate in furtherance
of the purposes of the Act. The
Exchange does not believe that
eliminating the MRX Section 22 rules
will create an undue burden on intramarket competition because this rule set
directs MRX Members to a nonexistent
ISE section of rules.
• 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–
MRX–2018–38 on the subject line.
C. Self-Regulatory Organization’s
Statement on Comments on the
Proposed Rule Change Received From
Members, Participants, or Others
No written comments were either
solicited or received.
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)(iii) of the Act 6 and
subparagraph (f)(6) of Rule 19b–4
thereunder.7
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
6 15
U.S.C. 78s(b)(3)(A)(iii).
CFR 240.19b–4(f)(6). In addition, Rule 19b–
4(f)(6) requires a self-regulatory organization to give
the Commission written notice of its intent to file
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.
7 17
PO 00000
Frm 00098
Fmt 4703
Sfmt 4703
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
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–MRX–2018–38. 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–MRX–2018–38 and should
E:\FR\FM\17DEN1.SGM
17DEN1
64614
Federal Register / Vol. 83, No. 241 / Monday, December 17, 2018 / Notices
be submitted on or before January 7,
2019.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.8
Eduardo A. Aleman,
Deputy Secretary.
[FR Doc. 2018–27202 Filed 12–14–18; 8:45 am]
BILLING CODE 8011–01–P
A. Self-Regulatory Organization’s
Statement of the Purpose of, and the
Statutory Basis for, the Proposed Rule
Change
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–84786; File No. SR–
NYSEArca-2018–88]
Self-Regulatory Organizations; NYSE
Arca, Inc.; Notice of Filing and
Immediate Effectiveness of Proposed
Rule Change To Reflect a Change to
the Benchmark Index of the SPDR
Nuveen Bloomberg Barclays Municipal
Bond ETF
December 11, 2018.
Pursuant to Section 19(b)(1) 1 of the
Securities Exchange Act of 1934 (the
‘‘Act’’) 2 and Rule 19b–4 thereunder,3
notice is hereby given that, on
November 28, 2018, NYSE Arca, Inc.
(the ‘‘Exchange’’ or ‘‘NYSE Arca’’) filed
with the Securities and Exchange
Commission (the ‘‘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.
amozie on DSK3GDR082PROD with NOTICES1
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
The Exchange proposes to reflect a
change to the benchmark index for the
SPDR Nuveen Bloomberg Barclays
Municipal Bond ETF, shares of which
are currently listed and traded on the
Exchange pursuant to NYSE Arca Rule
5.2–E(j)(3), Commentary .02. The
proposed rule change is available on the
Exchange’s website at www.nyse.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
self-regulatory organization included
statements concerning the purpose of,
8 17
CFR 200.30–3(a)(12).
U.S.C.78s(b)(1).
2 15 U.S.C. 78a.
3 17 CFR 240.19b–4.
1 15
VerDate Sep<11>2014
19:17 Dec 14, 2018
Jkt 247001
and basis for, the proposed rule change
and discussed any comments it received
on the proposed rule change. The text
of those statements may be examined at
the places specified in Item IV below.
The Exchange has prepared summaries,
set forth in sections A, B, and C below,
of the most significant parts of such
statements.
1. Purpose
The Exchange proposes to reflect a
change to the benchmark index for the
SPDR Nuveen Bloomberg Barclays
Municipal Bond ETF (the ‘‘Fund’’),
shares (‘‘Shares’’) of which are currently
listed and traded on the Exchange
pursuant to NYSE Arca Rule 5.2–E(j)(3),
Commentary .02, which governs the
listing and trading of Investment
Company Units (‘‘Units’’) 4 based on
fixed income securities indexes.5 The
4 An open-end investment company that issues
Units, listed and traded on the Exchange under
NYSE Arca Rule 5.2–E(j)(3), seeks to provide
investment results that correspond generally to the
price and yield performance of a specific foreign or
domestic stock index, fixed income securities index
or combination thereof.
5 The Commission previously has approved a
proposed rule change to facilitate listing and
trading of Shares of the Fund on the Exchange in
Securities Exchange Act Release No. 82295
(December 12, 2017), 82 FR 60056 (December 18,
2017) (SR–NYSEArca–2017–56) (Notice of Filing of
Amendment No. 3 and Order Granting Accelerated
Approval of a Proposed Rule Change, as Modified
by Amendment No. 3, to List and Trade Shares of
Twelve Series of Investment Company Units
Pursuant to NYSE Arca Rule 5.2–E(j)(3)) (‘‘Approval
Order’’). See also, Amendment 3 to SR–NYSEArca–
2017–56 at https://www.sec.gov/comments/srnysearca-2017-56/nysearca201756-2714674161523.pdf. In addition, the Commission also has
approved other proposed rule changes relating to
listing and trading of funds based on municipal
bond indexes. See, e.g., Securities Exchange Act
Release Nos. 67985 (October 4, 2012), 77 FR 61804
(October 11, 2012) (SR–NYSEArca–2012–92) (order
approving proposed rule change to list and trade
the iShares 2018 S&P AMT-Free Municipal Series
and iShares 2019 S&P AMT-Free Municipal Series
under NYSE Arca Rule 5.2(j)(3), Commentary .02);
72523 (July 2, 2014), 79 FR 39016 (July 9, 2014)
(SR–NYSEArca–2014–37) (order approving
proposed rule change to list and trade iShares 2020
S&P AMT-Free Municipal Series under NYSE Arca
Rule 5.2(j)(3), Commentary .02); and 75468 (July 16,
2015), 80 FR 43500 (July 22, 2015) (SR–NYSEArca–
2015–25) (order approving proposed rule change to
list and trade the iShares iBonds Dec 2021 AMTFree Muni Bond ETF and iShares iBonds Dec 2022
AMT-Free Muni Bond ETF under NYSE Arca Rule
5.2(j)(3), Commentary .02); 63881 (February 9,
2011), 76 FR 9065 (February 16, 2011) (SR–
NYSEArca–2010–120) (order approving proposed
rule change to list and trade shares of the SPDR
Nuveen S&P High Yield Municipal Bond Fund
under Commentary .02 of NYSE Arca Rule 5.2–
E(j)(3)). The Commission has issued notices of filing
and immediate effectiveness of proposed rule
changes relating to certain series of Units under
NYSE Arca Rule 5.2–E(j)(3) and Managed Fund
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Frm 00099
Fmt 4703
Sfmt 4703
Fund is a series of the SPDR Series
Trust (‘‘Trust’’).
As discussed below, the Exchange is
submitting this proposed rule change to
change the listing requirements
applicable to the Fund as set forth in the
Approval Order. Specifically, the
Exchange proposes to change the
benchmark index for the Fund to the
‘‘New Index’’ (as defined below).
Description of the Shares and the Fund
As stated in the Approval Order, the
Fund seeks to provide investment
results that, before fees and expenses,
correspond generally to the price and
yield performance of the Bloomberg
Barclays Municipal Managed Money
Index (‘‘Current Index’’) which tracks
the U.S. municipal bond market. The
Trust, in a November 6, 2018
supplement to the Fund’s prospectus
(‘‘Prospectus Supplement’’), stated that,
effective December 3, 2018, the new
benchmark index for the Fund will be
the Bloomberg Barclays Municipal
Managed Money 1–25 Years Index
(‘‘New Index’’).6 The New Index is the
sub-set of the Current Index with
effective maturities of 1–25 years. 7 The
Shares under NYSE Arca Rule 8.600–E. See, e.g.,
Securities Exchange Act Release Nos. 83982
(August 29, 2018), 83 FR 45168 (September 5, 2018)
(SR–NYSEArca–2018–62) (Notice of Filing and
Immediate Effectiveness of Proposed Rule Change
Relating to Listing and Trading of Shares of the
American Century Diversified Municipal Bond ETF
under NYSE Arca Rule 8.600–E); 84379 (October 5,
2018), 83 FR 51724 (October 12, 2018) (SR–
NYSEArca–2018–73) (Notice of Filing and
Immediate Effectiveness of Proposed Rule Change
Relating to Listing and Trading of Shares of the
First Trust Short Duration Managed Municipal ETF
under NYSE Arca Rule 8.600–E); 84381 (October 5,
2018), 83 FR 51111752 (October 12, 2018) (SR–
NYSEArca–2018–72) (Notice of Filing and
Immediate Effectiveness of Proposed Rule Change
Relating to Listing and Trading of Shares of the
First Trust Ultra Short Duration Municipal ETF
under NYSE Arca Rule 8.600–E); 84396 (October
10, 2018), 83 FR 52266 (October 16, 2018) (SR–
NYSEArca–2018–70) (Notice of Filing and
Immediate Effectiveness of Proposed Rule Change
Relating to Listing and Trading of Shares of the
iShares iBond Dec 2026 Term Muni Bond ETF
Under Commentary .02 to NYSE Arca Rule 5.2–
E(j)(3)).
6 The Trust is registered under the Investment
Company Act of 1940 (15 U.S.C. 80a–1) (‘‘1940
Act’’). On October 31, 2018, the Trust filed with the
Commission an amendment to its registration
statement on Form N–1A under the Securities Act
of 1933 (15 U.S.C. 77a) (‘‘Securities Act’’), and
under the 1940 Act relating to the Fund (File Nos.
333–57793 and 811–08839) (‘‘Registration
Statement’’). The description of the operation of the
Trust and the Fund herein is based, in part, on the
Registration Statement and the Prospectus
Supplement. In addition, the Commission has
issued an order granting certain exemptive relief to
the Trust under the 1940 Act. See Investment
Company Act Release No. 29524 (December 13,
2010) (File No. 812–13487) (‘‘Exemptive Order’’).
7 The Trust represents that it will not implement
the proposed change to the index underlying the
Fund until this proposed rule change is effective
and operative.
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]]>Agencies
[Federal Register Volume 83, Number 241 (Monday, December 17, 2018)]
[Notices]
[Pages 64612-64614]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-27202]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-84790; File No. SR-MRX-2018-38]
Self-Regulatory Organizations; Nasdaq MRX, LLC; Notice of Filing
and Immediate Effectiveness of Proposed Rule Change to MRX Section 22
of the Rulebook
December 11, 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 November 29, 2018, Nasdaq MRX, LLC (``MRX'' or
[[Page 64613]]
``Exchange'') filed with the Securities and Exchange Commission
(``SEC'' or ``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.
---------------------------------------------------------------------------
\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
---------------------------------------------------------------------------
I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change
The Exchange proposes to a proposal to delete MRX Section 22 of the
Rulebook entitled ``Rate-Modified Foreign Currency Options Rules.''
The text of the proposed rule change is available on the Exchange's
website at https://nasdaqmrx.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 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
Statutory Basis for, the Proposed Rule Change
1. Purpose
MRX rules at Section 22, titled ``Rate-Modified Foreign Currency
Options Rules'' incorporate by reference Nasdaq ISE, LLC (``ISE'')
Chapter 22. ISE recently filed to delete Section 22 from its
Rulebook.\3\ At this time, the Exchange proposes to delete the text at
Section 22 of MRX rules as the ISE rule no longer exists and there is
no rule to incorporate by reference.
---------------------------------------------------------------------------
\3\ Securities Exchange Act Release No. 84516 (November 1,
2018), 83 FR 55771 (November 7, 2018) (SR-ISE-2018-91).
---------------------------------------------------------------------------
2. Statutory Basis
The Exchange believes that its proposal is consistent with Section
6(b) of the Act,\4\ in general, and furthers the objectives of Section
6(b)(5) of the Act,\5\ in particular, in that it is designed to promote
just and equitable principles of trade, 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,
by eliminating rule text within MRX's Rulebook which redirects MRX
Members to a non-existent ISE section of rules for listing and trading
FCOs.
---------------------------------------------------------------------------
\4\ 15 U.S.C. 78f(b).
\5\ 15 U.S.C. 78f(b)(5).
---------------------------------------------------------------------------
The Exchange [sic] recently eliminate [sic] ISE rules at Section
22. MRX Section 22 incorporated by reference ISE Section 22. MRX
proposes to remove the text at Section 22 to avoid confusion.
B. Self-Regulatory Organization's Statement on Burden on Competition
The Exchange does not believe that the proposed rule change will
impose any burden on competition not necessary or appropriate in
furtherance of the purposes of the Act. The Exchange does not believe
that eliminating the MRX Section 22 rules will create an undue burden
on intra-market competition because this rule set directs MRX Members
to a nonexistent ISE section of rules.
C. Self-Regulatory Organization's Statement on Comments on the Proposed
Rule Change Received From Members, Participants, or Others
No written comments were either solicited or received.
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)(iii) of the Act \6\ and
subparagraph (f)(6) of Rule 19b-4 thereunder.\7\
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\6\ 15 U.S.C. 78s(b)(3)(A)(iii).
\7\ 17 CFR 240.19b-4(f)(6). In addition, Rule 19b-4(f)(6)
requires a self-regulatory organization to give the Commission
written notice of its intent to file 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.
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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 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-MRX-2018-38 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-MRX-2018-38. 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-MRX-2018-38 and should
[[Page 64614]]
be submitted on or before January 7, 2019.
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\8\ 17 CFR 200.30-3(a)(12).
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\8\
Eduardo A. Aleman,
Deputy Secretary.
[FR Doc. 2018-27202 Filed 12-14-18; 8:45 am]
BILLING CODE 8011-01-P
