Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc.; Order Approving a Proposed Rule Change To Amend FINRA Rules 2210 (Communications With the Public) and 2241 (Research Analysts and Research Reports); Correction, 47608 [2019-19465]

Download as PDF 47608 Federal Register / Vol. 84, No. 175 / Tuesday, September 10, 2019 / Notices 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 such 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–NYSENAT–2019–19, and should be submitted on or before October 1, 2019. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.27 Jill M. Peterson, Assistant Secretary. [FR Doc. 2019–19460 Filed 9–9–19; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–86700A; File No. SR– FINRA–2019–017] Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc.; Order Approving a Proposed Rule Change To Amend FINRA Rules 2210 (Communications With the Public) and 2241 (Research Analysts and Research Reports); Correction September 4, 2019. Securities and Exchange Commission. ACTION: Notice; correction. AGENCY: The Securities and Exchange Commission published a document in the Federal Register on August 22, 2019, concerning a Financial Industry Regulatory Authority, Inc., Order Approving a Proposed Rule Change to Amend FINRA Rules 2210 (Communications with the Public) and 2241 (Research Analysts and Research Reports). The document contained a typographical error. FOR FURTHER INFORMATION CONTACT: Daniel Fisher, Division of Trading and Markets, Securities and Exchange Commission, 100 F Street NE, Washington, DC 20549, (202) 551–5550. khammond on DSKBBV9HB2PROD with NOTICES SUMMARY: Correction In the Federal Register of August 22, 2019 in FR Doc. 2019–18076, on page 43836, in the third and fourth lines under the heading ‘‘Conclusion’’ in the second column, correct the reference to ‘‘(SR–FINRA–2018–019)’’ instead to ‘‘(SR–FINRA–2019–017).’’ Jill M. Peterson, Assistant Secretary. [FR Doc. 2019–19465 Filed 9–9–19; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–86864; File No. SR– EMERALD–2019–32] Self-Regulatory Organizations; MIAX Emerald, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Exchange Rule 519, MIAX Emerald Order Monitor September 4, 2019. Pursuant to the provisions of 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 August 30, 2019, MIAX Emerald, LLC (‘‘MIAX Emerald’’ or ‘‘Exchange’’) filed with the Securities and Exchange Commission (‘‘Commission’’) a 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 is filing a proposal to amend Exchange Rule 519, MIAX Emerald Order Monitor. The text of the proposed rule change is available on the Exchange’s website at https://www.miaxoptions.com/rulefilings/emerald at MIAX Emerald’s principal office, 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 U.S.C. 78s(b)(1). 2 17 CFR 240.19b–4. CFR 200.30–3(a)(12). VerDate Sep<11>2014 16:56 Sep 09, 2019 Jkt 247001 PO 00000 Frm 00135 Fmt 4703 A. Self-Regulatory Organization’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change 1. Purpose The Exchange proposes to amend Exchange Rule 519, MIAX Emerald Order Monitor, to remove a term in the Exchange’s rule which creates an ambiguity concerning the application of the rule. Specifically, subsection (4) of paragraph (a), Limit Orders to Sell, provides that ‘‘[f]or options with a National Best Bid (‘‘NBB’’) equal to or greater than $0.25 the System 3 will reject an incoming limit order that has a limit price equal to or less than the NBB by the lesser of (i) $2.50, or (ii) 50% of the NBB price.’’ The second provision of the rule provides that, ‘‘[f]or options with an NBB of $0.25 or less the System will accept any incoming limit order.’’ The statements an NBB ‘‘equal to or greater than $0.25’’ and ‘‘an NBB of $0.25 or less’’ both contemplate the NBB being equal to $0.25. The operation of the rule requires a bifurcation at $0.25 and only one action (accepting or rejecting an incoming order) can occur when the NBB is equal to $0.25. The desired behavior by the Exchange, for limit orders to sell, is to accept an order at any price when the NBB is equal to $0.25 or less. Therefore the Exchange proposes to remove the phrase ‘‘equal to or’’ from the first sentence in the rule. The new proposed rule text will provide that, ‘‘[f]or options with a National Best Bid (‘‘NBB’’) greater than $0.25 the System will reject an incoming limit order that has a limit price equal to or less than the NBB by the lesser of (i) $2.50, or (ii) 50% of the NBB price. For options with an NBB of $0.25 or less the System will accept any incoming limit order. The Exchange believes its proposed change provides additional detail and clarity to the Exchange’s rule and eliminates any inadvertent ambiguity in the rule text concerning order protections for incoming limit orders to sell. 2. Statutory Basis MIAX Emerald believes that its proposed rule change is consistent with 3 The term ‘‘System’’ means the automated trading system used by the Exchange for the trading of securities. See Exchange Rule 100. 1 15 27 17 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. Sfmt 4703 E:\FR\FM\10SEN1.SGM 10SEN1

Agencies

[Federal Register Volume 84, Number 175 (Tuesday, September 10, 2019)]
[Notices]
[Page 47608]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-19465]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-86700A; File No. SR-FINRA-2019-017]


Self-Regulatory Organizations; Financial Industry Regulatory 
Authority, Inc.; Order Approving a Proposed Rule Change To Amend FINRA 
Rules 2210 (Communications With the Public) and 2241 (Research Analysts 
and Research Reports); Correction

September 4, 2019.
AGENCY: Securities and Exchange Commission.

ACTION: Notice; correction.

-----------------------------------------------------------------------

SUMMARY: The Securities and Exchange Commission published a document in 
the Federal Register on August 22, 2019, concerning a Financial 
Industry Regulatory Authority, Inc., Order Approving a Proposed Rule 
Change to Amend FINRA Rules 2210 (Communications with the Public) and 
2241 (Research Analysts and Research Reports). The document contained a 
typographical error.

FOR FURTHER INFORMATION CONTACT: Daniel Fisher, Division of Trading and 
Markets, Securities and Exchange Commission, 100 F Street NE, 
Washington, DC 20549, (202) 551-5550.

Correction

    In the Federal Register of August 22, 2019 in FR Doc. 2019-18076, 
on page 43836, in the third and fourth lines under the heading 
``Conclusion'' in the second column, correct the reference to ``(SR-
FINRA-2018-019)'' instead to ``(SR-FINRA-2019-017).''

Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2019-19465 Filed 9-9-19; 8:45 am]
 BILLING CODE 8011-01-P
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