Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Designation of Longer Period for Commission Action on a Proposed Rule Change To Amend the Definition of Family Member in Listing Rule 5605(a)(2) for Purposes of the Definition of Independent Director, 38704 [2019-16854]
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38704
Federal Register / Vol. 84, No. 152 / Wednesday, August 7, 2019 / Notices
SECURITIES AND EXCHANGE
COMMISSION
disapprove, the proposed rule change
(File No. SR–NASDAQ–2019–049).
[Release No. 34–86545; File No. SR–
NASDAQ–2019–049]
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.6
Jill M. Peterson,
Assistant Secretary.
Self-Regulatory Organizations; The
Nasdaq Stock Market LLC; Notice of
Designation of Longer Period for
Commission Action on a Proposed
Rule Change To Amend the Definition
of Family Member in Listing Rule
5605(a)(2) for Purposes of the
Definition of Independent Director
jspears on DSK3GMQ082PROD with NOTICES
August 1, 2019.
On May 29, 2019, The Nasdaq Stock
Market LLC (‘‘Nasdaq’’ or the
‘‘Exchange’’) 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 proposal to modify the
definition of a ‘‘Family Member’’, for
purposes of the independence of
directors, under Nasdaq Rule 5605(a)(2).
The proposed rule change was
published for comment in the Federal
Register on June 18, 2019.3 The
Commission has received no comments
on the proposed rule change.
Section 19(b)(2) of the Act 4 provides
that, within 45 days of the publication
of the notice of the filing of a proposed
rule change, or within such longer
period up to 90 days as the Commission
may designate if it finds such longer
period to be appropriate and publishes
its reasons for so finding or as to which
the self-regulatory organization
consents, the Commission shall either
approve the proposed rule change,
disapprove the proposed rule change, or
institute proceedings to determine
whether the proposed rule change
should be disapproved. The 45th day
after publication of the notice for this
proposed rule change is August 2, 2019.
The Commission is extending the 45day time period for Commission action
on the proposed rule change. The
Commission finds that it is appropriate
to designate a longer period within
which to take action on the proposed
rule change so that it has sufficient time
to consider the proposed rule change.
Accordingly, pursuant to Section
19(b)(2) of the Act,5 the Commission
designates September 16, 2019 as the
date by which the Commission shall
either approve, disapprove, or institute
proceedings to determine whether to
1 15
U.S.C. 78s(b)(1).
CFR 240.19b–4.
3 See Securities Exchange Act Release No. 86095
(June 12, 2019), 84 FR 28379.
4 15 U.S.C. 78s(b)(2).
5 15 U.S.C. 78s(b)(2)(A)(ii)(I).
[FR Doc. 2019–16854 Filed 8–6–19; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–86548; File No. SR–
NYSEAMER–2019–28]
Self-Regulatory Organizations; NYSE
American LLC; Notice of Filing and
Immediate Effectiveness of Proposed
Rule Change To Amend Its NYSE
American Equities Price List and the
NYSE American Options Fee Schedule
Related to Co-location Services
August 1, 2019.
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 July 18,
2019, NYSE American LLC (‘‘NYSE
American’’ or the ‘‘Exchange’’) 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.
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
The Exchange proposes to amend its
NYSE American Equities Price List
(‘‘Price List’’) and the NYSE American
Options Fee Schedule (‘‘Fee Schedule’’)
related to co-location services to amend
the Partial Cabinet Solution bundles.
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,
and basis for, the proposed rule change
2 17
VerDate Sep<11>2014
16:49 Aug 06, 2019
Jkt 247001
6 17
CFR 200.30–3(a)(31).
U.S.C.78s(b)(1).
2 15 U.S.C. 78a.
3 17 CFR 240.19b–4.
1 15
PO 00000
Frm 00118
Fmt 4703
Sfmt 4703
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.
A. Self-Regulatory Organization’s
Statement of the Purpose of, and the
Statutory Basis for, the Proposed Rule
Change
1. Purpose
The Exchange proposes to amend the
Price List and Fee Schedule related to
co-location 4 services offered by the
Exchange to amend two of the Partial
Cabinet Solution (‘‘PCS’’) bundles that
the Exchange offers Users.5 The
proposed change would have the effect
of lowering the latency in the Liquidity
Center Network (‘‘LCN’’) connection
included in two of the PCS bundles.
This is not a fee filing: there is no
proposed change to the fee for the PCS
bundles.
The Exchange plans to implement the
change during the fourth quarter of
2019. It will announce the
implementation date through a
customer notice.
Proposed Change to the Option C and
Option D PCS Bundles
There are four PCS bundles, Options
A through D. Each PCS bundle option
includes a partial cabinet; access to the
LCN and internet protocol (‘‘IP’’)
network, the local area networks
available in the data center; two fiber
cross connections; and connectivity to
one of two time feeds.6 The PCS
4 The Exchange initially filed rule changes
relating to its co-location services with the
Securities and Exchange Commission
(‘‘Commission’’) in 2010. See Securities Exchange
Act Release No. 62961 (September 21, 2010), 75 FR
59299 (September 27, 2010) (SR–NYSEAmex-2010–
80). The Exchange operates a data center in
Mahwah, New Jersey (the ‘‘data center’’) from
which it provides co-location services to Users.
5 For purposes of the Exchange’s co-location
services, a ‘‘User’’ means any market participant
that requests to receive co-location services directly
from the Exchange. See Securities Exchange Act
Release No. 76009 (September 29, 2015), 80 FR
60213 (October 5, 2015) (SR–NYSEMKT–2015–67).
As specified in the Price List and Fee Schedule, a
User that incurs co-location fees for a particular colocation service pursuant thereto would not be
subject to co-location fees for the same co-location
service charged by the Exchange’s affiliates New
York Stock Exchange LLC (‘‘NYSE’’), NYSE Arca,
Inc. (‘‘NYSE Arca’’) and NYSE National, Inc.
(‘‘NYSE National’’ and together with NYSE, NYSE
Arca, and NYSE Chicago, Inc., the ‘‘Affiliate
SROs’’). See Securities Exchange Act Release No.
70176 (August 13, 2013), 78 FR 50471 (August 19,
2013) (SR–NYSEMKT–2013–67).
6 See Securities Exchange Act Release No. 77071
(February 5, 2016), 81 FR 7382 (February 11, 2016)
(SR–NYSEMKT–2015–89).
E:\FR\FM\07AUN1.SGM
07AUN1
]]>Agencies
[Federal Register Volume 84, Number 152 (Wednesday, August 7, 2019)]
[Notices]
[Page 38704]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-16854]
[[Page 38704]]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-86545; File No. SR-NASDAQ-2019-049]
Self-Regulatory Organizations; The Nasdaq Stock Market LLC;
Notice of Designation of Longer Period for Commission Action on a
Proposed Rule Change To Amend the Definition of Family Member in
Listing Rule 5605(a)(2) for Purposes of the Definition of Independent
Director
August 1, 2019.
On May 29, 2019, The Nasdaq Stock Market LLC (``Nasdaq'' or the
``Exchange'') 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
proposal to modify the definition of a ``Family Member'', for purposes
of the independence of directors, under Nasdaq Rule 5605(a)(2). The
proposed rule change was published for comment in the Federal Register
on June 18, 2019.\3\ The Commission has received no comments on the
proposed rule change.
---------------------------------------------------------------------------
\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
\3\ See Securities Exchange Act Release No. 86095 (June 12,
2019), 84 FR 28379.
---------------------------------------------------------------------------
Section 19(b)(2) of the Act \4\ provides that, within 45 days of
the publication of the notice of the filing of a proposed rule change,
or within such longer period up to 90 days as the Commission may
designate if it finds such longer period to be appropriate and
publishes its reasons for so finding or as to which the self-regulatory
organization consents, the Commission shall either approve the proposed
rule change, disapprove the proposed rule change, or institute
proceedings to determine whether the proposed rule change should be
disapproved. The 45th day after publication of the notice for this
proposed rule change is August 2, 2019.
---------------------------------------------------------------------------
\4\ 15 U.S.C. 78s(b)(2).
---------------------------------------------------------------------------
The Commission is extending the 45-day time period for Commission
action on the proposed rule change. The Commission finds that it is
appropriate to designate a longer period within which to take action on
the proposed rule change so that it has sufficient time to consider the
proposed rule change. Accordingly, pursuant to Section 19(b)(2) of the
Act,\5\ the Commission designates September 16, 2019 as the date by
which the Commission shall either approve, disapprove, or institute
proceedings to determine whether to disapprove, the proposed rule
change (File No. SR-NASDAQ-2019-049).
---------------------------------------------------------------------------
\5\ 15 U.S.C. 78s(b)(2)(A)(ii)(I).
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\6\
---------------------------------------------------------------------------
\6\ 17 CFR 200.30-3(a)(31).
---------------------------------------------------------------------------
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2019-16854 Filed 8-6-19; 8:45 am]
BILLING CODE 8011-01-P
