Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Delay Implementation of the Midpoint Trade Now Functionality, 12658-12660 [2019-06309]
Download as PDF
<![CDATA[
12658
Federal Register / Vol. 84, No. 63 / Tuesday, April 2, 2019 / Notices
19(b)(3)(A) of the Act 81 and Rule 19b–
4(f)(6) thereunder.82
A proposed rule change filed
pursuant to Rule 19b–4(f)(6) under the
Act 83 normally does not become
operative for 30 days after the date of its
filing. However, Rule 19b–4(f)(6)(iii) 84
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
requested that the Commission waive
the 30-day operative delay so that the
proposed rule change may become
operative upon filing. As noted above,
the proposed order type and quote
designation are substantially identical to
those utilized on NYSE Arca, Inc., and
the differences noted herein do not raise
substantive or novel issues. Waiver of
the operative delay would allow the
Exchange to immediately implement the
proposed functionality in coordination
with the availability of the technology
supporting the proposal, which is
anticipated to be less than 30 days after
the filing of the proposed rule change.
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 operative upon
filing.85
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
change should be approved or
disapproved.
IV. Solicitation of Comments
Interested persons are invited to
submit written data, views, and
arguments concerning the foregoing,
81 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.
83 17 CFR 240.19b–4(f)(6).
84 17 CFR 240.19b–4(f)(6)(iii).
85 For purposes only of waiving the 30-day
operative delay, the Commission also has
considered the proposed rule’s impact on
efficiency, competition, and capital formation. See
15 U.S.C. 78c(f).
amozie on DSK9F9SC42PROD with NOTICES
82 17
VerDate Sep<11>2014
18:45 Apr 01, 2019
Jkt 247001
including whether the proposed rule
change is consistent with the Act.
Comments may be submitted by any of
the following methods:
Electronic Comments
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.86
Eduardo A. Aleman,
Deputy Secretary.
[FR Doc. 2019–06308 Filed 4–1–19; 8:45 am]
• 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–
NYSEAMER–2019–06 on the subject
line.
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–85431; File No. SR–
NASDAQ–2019–019]
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–NYSEAMER–2019–06. 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–NYSEAMER–2019–06 and
should be submitted on or before April
23, 2019.
PO 00000
Self-Regulatory Organizations; The
Nasdaq Stock Market LLC; Notice of
Filing and Immediate Effectiveness of
Proposed Rule Change To Delay
Implementation of the Midpoint Trade
Now Functionality
March 27, 2019.
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 March 19,
2019, The Nasdaq Stock Market LLC
(‘‘Nasdaq’’ or ‘‘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 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 delay
implementation of the Midpoint Trade
Now functionality until Q2 2019.
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.
86 17
CFR 200.30–3(a)(12).
U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
1 15
Frm 00084
Fmt 4703
Sfmt 4703
E:\FR\FM\02APN1.SGM
02APN1
Federal Register / Vol. 84, No. 63 / Tuesday, April 2, 2019 / Notices
A. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
1. Purpose
On November 9, 2019 [sic], the
Exchange filed a proposed rule change
to establish a new Midpoint Trade Now
Order Attribute, which will allow a
resting Order that becomes locked at its
non-displayed price by an incoming
Midpoint Peg Post-Only Order to
automatically execute against crossing
or locking interest, including potentially
against the Midpoint Peg Post-Only
Order that locked the resting Order, as
a liquidity taker.3 The proposed rule
change indicated that the Exchange
would begin implementing Midpoint
Trade Now in Q1 2019.4 The Exchange
proposes to delay the implementation of
Midpoint Trade Now functionality until
Q2 2019. The Exchange will issue an
Equity Trader Alert notifying
participants prior to implementing the
functionality. The Exchange proposes
this delay to allow the Exchange further
time to implement this functionality.
2. Statutory Basis
The Exchange believes that its
proposal is consistent with Section 6(b)
of the Act,5 in general, and furthers the
objectives of Section 6(b)(5) of the Act,6
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
allowing the Exchange additional time
to implement the Midpoint Trade Now
functionality.
amozie on DSK9F9SC42PROD with NOTICES
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’s proposal to delay the
adoption of the Midpoint Trade Now
functionality does not impose an undue
burden on competition. Delaying
Midpoint Trade Now will simply allow
the Exchange additional time to
implement this functionality.
3 See Securities Exchange Act Release No. 84621
(Nov. 19, 2018), 83 FR 60514 (Nov. 26, 2018) (SR–
NASDAQ–2018–090).
4 See id.
5 15 U.S.C. 78f(b).
6 15 U.S.C. 78f(b)(5).
VerDate Sep<11>2014
18:45 Apr 01, 2019
Jkt 247001
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) of the Act 7 and Rule 19b–
4(f)(6) thereunder.8
A proposed rule change filed
pursuant to Rule 19b–4(f)(6) under the
Act 9 normally does not become
operative for 30 days after the date of its
filing. However, Rule 19b–4(f)(6)(iii) 10
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 Exchange can
provide prior notice of the
implementation delay before the end of
Q1 2019. For this reason, the
Commission believes that waiver of the
30-day operative delay is consistent
with the protection of investors and the
public interest. Therefore, the
Commission hereby waives the
operative delay and designates the
proposal as operative upon filing.11
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
7 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 Commission
has waived this requirement in this case.
9 17 CFR 240.19b–4(f)(6).
10 17 CFR 240.19b–4(f)(6)(iii).
11 For purposes only of waiving the 30-day
operative delay, the Commission also has
considered the proposed rule’s impact on
efficiency, competition, and capital formation. See
15 U.S.C. 78c(f).
8 17
PO 00000
Frm 00085
Fmt 4703
Sfmt 4703
12659
to determine whether the proposed rule
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:
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–
NASDAQ–2019–019 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–NASDAQ–2019–019. 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–NASDAQ–2019–019 and
should be submitted on or before April
23, 2019.
E:\FR\FM\02APN1.SGM
02APN1
12660
Federal Register / Vol. 84, No. 63 / Tuesday, April 2, 2019 / Notices
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.12
Eduardo A. Aleman,
Deputy Secretary.
[FR Doc. 2019–06309 Filed 4–1–19; 8:45 am]
BILLING CODE 8011–01–P
SOCIAL SECURITY ADMINISTRATION
[Docket No. SSA–2019–0011]
Public Availability of Social Security
Administration Fiscal Year (FY) 2017
Service Contract Inventory
Social Security Administration.
Notice of public availability of
FY 2017 service contract inventories.
AGENCY:
ACTION:
In accordance with Section
743 of Division C of the Consolidated
Appropriations Act of 2010, we are
publishing this notice to advise the
public of the availability of the FY 2017
Service Contract inventory. This
inventory provides information on FY
2017 service contract actions over
$25,000. We organized the information
by function to show how we distribute
contracted resources throughout the
agency. We developed the inventory in
accordance with guidance issued on
December 19, 2011 by the Office of
Management and Budget’s Office of
Federal Procurement Policy (OFPP).
OFPP’s guidance is available at https://
obamawhitehouse.archives.gov/sites/
default/files/omb/procurement/memo/
service-contract-inventory-guidance.pdf.
You can access the inventory and
summary of the inventory on our
homepage at the following link: https://
www.socialsecurity.gov/sci.
FOR FURTHER INFORMATION CONTACT:
Ronnetta Mason, Office of Budget,
Social Security Administration, 6401
Security Boulevard, Baltimore, MD
21235–6401. Phone (410) 597–1955,
email Ronnetta.Mason@ssa.gov.
SUMMARY:
Michelle King,
Deputy Commissioner for Budget, Finance,
and Management.
BILLING CODE 4191–02–P
amozie on DSK9F9SC42PROD with NOTICES
SUSQUEHANNA RIVER BASIN
COMMISSION
Projects Rescinded for Consumptive
Uses of Water
Susquehanna River Basin
Commission.
ACTION: Notice.
12 17
CFR 200.30–3(a)(12).
VerDate Sep<11>2014
18:45 Apr 01, 2019
Jkt 247001
Rescinded ABR Issued:
Chief Oil & Gas, LLC; Pad ID:
HEMLOCK RIDGE ESTATES UNIT
PAD, ABR–201810003; McNett
Township, Lycoming County, Pa.;
Rescinded Date: February 26, 2019.
Authority: Pub. L. 91–575, 84 Stat. 1509
et seq., 18 CFR parts 806, 807, and 808.
Dated: March 27, 2019.
Jason E. Oyler,
General Counsel and Secretary to the
Commission.
[FR Doc. 2019–06288 Filed 4–1–19; 8:45 am]
BILLING CODE 7040–01–P
SUSQUEHANNA RIVER BASIN
COMMISSION
Projects Approved for Consumptive
Uses of Water
Susquehanna River Basin
Commission.
ACTION: Notice.
AGENCY:
This notice lists the projects
approved by rule by the Susquehanna
River Basin Commission during the
period set forth in DATES.
DATES: February 1–28, 2019.
ADDRESSES: Susquehanna River Basin
Commission, 4423 North Front Street,
Harrisburg, PA 17110–1788.
FOR FURTHER INFORMATION CONTACT:
Jason E. Oyler, General Counsel and
Secretary, telephone: (717) 238–0423,
ext. 1312; fax: (717) 238–2436; email:
joyler@srbc.net. Regular mail inquiries
may be sent to the above address.
SUPPLEMENTARY INFORMATION: This
notice lists the projects, described
below, receiving approval for the
SUMMARY:
[FR Doc. 2019–06338 Filed 4–1–19; 8:45 am]
AGENCY:
This notice lists the approved
by rule projects rescinded by the
Susquehanna River Basin Commission
during the period set forth in DATES.
DATES: February 1–28, 2019.
ADDRESSES: Susquehanna River Basin
Commission, 4423 North Front Street,
Harrisburg, PA 17110–1788.
FOR FURTHER INFORMATION CONTACT:
Jason E. Oyler, General Counsel and
Secretary, telephone: (717) 238–0423,
ext. 1312; fax: (717) 238–2436; email:
joyler@srbc.net. Regular mail inquiries
may be sent to the above address. See
also Commission website at
www.srbc.net.
SUPPLEMENTARY INFORMATION: This
notice lists the projects, described
below, being rescinded for the
consumptive use of water pursuant to
the Commission’s approval by rule
process set forth in 18 CFR 806.22(f) for
the time period specified above:
SUMMARY:
PO 00000
Frm 00086
Fmt 4703
Sfmt 4703
consumptive use of water pursuant to
the Commission’s approval by rule
process set forth in 18 CFR 806.22(e)
and 806.22 (f) for the time period
specified above:
Approvals By Rule Issued Under 18
CFR 806.22(f):
1. Seneca Resources Company, LLC;
Pad ID: Rich Valley Pad G, ABR–
201402001.R1; Shippen Township,
Cameron County, Pa.; Consumptive Use
of Up to 4.0000 mgd; Approval Date:
February 4, 2019.
2. Seneca Resources Company, LLC;
Pad ID: Rich Valley Pad F, ABR–
201402002.R1; Shippen Township,
Cameron County, Pa.; Consumptive Use
of Up to 4.0000 mgd; Approval Date:
February 4, 2019.
3. Repsol Oil & Gas USA, LLC; Pad ID:
KROPIEWNICKI (07 038) J, ABR–
201902004.R1; Apolacon Township,
Susquehanna County, Pa.; Consumptive
Use of Up to 6.0000 mgd; Approval
Date: February 11, 2019.
4. Repsol Oil & Gas USA, LLC; Pad ID:
YORK (07 088) R, ABR–201402005.R1;
Little Meadows Borough and Apolacon
Township, Susquehanna County, Pa.;
Consumptive Use of Up to 6.0000 mgd;
Approval Date: February 11, 2019.
5. Range Resources—Appalachia,
LLC; Pad ID: Cornwall 1H–5H, ABR–
201402006.R1; Lewis Township,
Lycoming County, Pa.; Consumptive
Use of Up to 2.0000 mgd; Approval
Date: February 11, 2019.
6. Repsol Oil & Gas USA, LLC; Pad ID:
COREY (07 089) J, ABR–201402008.R1;
Choconut Township, Susquehanna
County, Pa.; Consumptive Use of Up to
6.0000 mgd; Approval Date: February
11, 2019.
7. Repsol Oil & Gas USA, LLC; Pad ID:
CAPRIO (07 077) S, ABR–
201402011.R1; Apolacon Township,
Susquehanna County, Pa.; Consumptive
Use of Up to 6.0000 mgd; Approval
Date: February 14, 2019.
8. SWN Production Company, LLC;
Pad ID: RU–65–LEONARD–PAD; ABR–
201402010.R1; Jackson Township,
Susquehanna County, Pa.; Consumptive
Use of Up to 4.9990 mgd; Approval
Date: February 15, 2019.
9. Cabot Oil & Gas Corporation; Pad
ID: MakoskyT P1, ABR–201402012.R1;
Brooklyn Township, Susquehanna
County, Pa.; Consumptive Use of Up to
5.0000 mgd; Approval Date: February
25, 2019.
10. Cabot Oil & Gas Corporation; Pad
ID: MillardK P1, ABR–201402013.R1;
Jessup Township, Susquehanna County,
Pa.; Consumptive Use of Up to 5.0000
mgd; Approval Date: February 25, 2019.
11. Chief Oil & Gas, LLC; Pad ID:
HEMLOCK RIDGE ESTATES PAD,
E:\FR\FM\02APN1.SGM
02APN1
]]>Agencies
[Federal Register Volume 84, Number 63 (Tuesday, April 2, 2019)]
[Notices]
[Pages 12658-12660]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-06309]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-85431; File No. SR-NASDAQ-2019-019]
Self-Regulatory Organizations; The Nasdaq Stock Market LLC;
Notice of Filing and Immediate Effectiveness of Proposed Rule Change To
Delay Implementation of the Midpoint Trade Now Functionality
March 27, 2019.
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 March 19, 2019, The Nasdaq Stock Market LLC (``Nasdaq'' or
``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 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 delay implementation of the Midpoint Trade
Now functionality until Q2 2019.
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.
[[Page 12659]]
A. Self-Regulatory Organization's Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule Change
1. Purpose
On November 9, 2019 [sic], the Exchange filed a proposed rule
change to establish a new Midpoint Trade Now Order Attribute, which
will allow a resting Order that becomes locked at its non-displayed
price by an incoming Midpoint Peg Post-Only Order to automatically
execute against crossing or locking interest, including potentially
against the Midpoint Peg Post-Only Order that locked the resting Order,
as a liquidity taker.\3\ The proposed rule change indicated that the
Exchange would begin implementing Midpoint Trade Now in Q1 2019.\4\ The
Exchange proposes to delay the implementation of Midpoint Trade Now
functionality until Q2 2019. The Exchange will issue an Equity Trader
Alert notifying participants prior to implementing the functionality.
The Exchange proposes this delay to allow the Exchange further time to
implement this functionality.
---------------------------------------------------------------------------
\3\ See Securities Exchange Act Release No. 84621 (Nov. 19,
2018), 83 FR 60514 (Nov. 26, 2018) (SR-NASDAQ-2018-090).
\4\ See id.
---------------------------------------------------------------------------
2. Statutory Basis
The Exchange believes that its proposal is consistent with Section
6(b) of the Act,\5\ in general, and furthers the objectives of Section
6(b)(5) of the Act,\6\ 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
allowing the Exchange additional time to implement the Midpoint Trade
Now functionality.
---------------------------------------------------------------------------
\5\ 15 U.S.C. 78f(b).
\6\ 15 U.S.C. 78f(b)(5).
---------------------------------------------------------------------------
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's proposal to
delay the adoption of the Midpoint Trade Now functionality does not
impose an undue burden on competition. Delaying Midpoint Trade Now will
simply allow the Exchange additional time to implement this
functionality.
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) of the Act \7\ and Rule 19b-
4(f)(6) thereunder.\8\
---------------------------------------------------------------------------
\7\ 15 U.S.C. 78s(b)(3)(A).
\8\ 17 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 Commission has waived this requirement in this case.
---------------------------------------------------------------------------
A proposed rule change filed pursuant to Rule 19b-4(f)(6) under the
Act \9\ normally does not become operative for 30 days after the date
of its filing. However, Rule 19b-4(f)(6)(iii) \10\ 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 Exchange can provide prior notice of the implementation delay
before the end of Q1 2019. For this reason, the Commission believes
that waiver of the 30-day operative delay is consistent with the
protection of investors and the public interest. Therefore, the
Commission hereby waives the operative delay and designates the
proposal as operative upon filing.\11\
---------------------------------------------------------------------------
\9\ 17 CFR 240.19b-4(f)(6).
\10\ 17 CFR 240.19b-4(f)(6)(iii).
\11\ For purposes only of waiving the 30-day operative delay,
the Commission also has considered the proposed 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 to
determine whether the proposed rule 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:
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-NASDAQ-2019-019 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-NASDAQ-2019-019. 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-NASDAQ-2019-019 and should be submitted
on or before April 23, 2019.
[[Page 12660]]
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\12\
---------------------------------------------------------------------------
\12\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------
Eduardo A. Aleman,
Deputy Secretary.
[FR Doc. 2019-06309 Filed 4-1-19; 8:45 am]
BILLING CODE 8011-01-P
