Self-Regulatory Organizations; MIAX Emerald, LLC; Notice of Withdrawal of Proposed Rule Change To Amend its Options Regulatory Fee, 66051 [2019-25971]

Download as PDF Federal Register / Vol. 84, No. 231 / Monday, December 2, 2019 / Notices jbell on DSKJLSW7X2PROD with 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 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–BOX–2019–24 and should be submitted on or before December 23, 2019. V. Accelerated Approval of Proposed Rule Change, as Modified by Amendment No. 1 The Commission finds good cause to approve the proposed rule change, as modified by Amendment No. 1, prior to the 30th day after the date of publication of notice of Amendment No. 1 in the Federal Register. As noted above, Amendment No. 1 revised the proposal to add text to BOX Rule 7600(h) to describe the operation of the book sweep functionality for Complex QOO and multi-leg QOO Orders, limit the availability of split-price priority to Complex QOO and multi-leg QOO Orders with at least 100 contracts on each component leg of the order, make clear that split-price priority is available for Complex QOO and multi-leg QOO orders with at least 100 contracts on each component leg of the order and indicate that a Floor Participant must trade 50 or more contracts of each component leg of the Complex QOO or multi-leg QOO Order in a permissible ratio at a price that complies with the priority requirements of BOX Rule 7600(c) to obtain split-price priority, more clearly describe the circumstances under which split-price priority is not available when the width of the market for a strategy is $0.01 based on interest in the Complex Order Book, and modify examples and provide additional examples showing the operation of the proposed rules. The Commission notes that Amendment No. 1 provides that split-price priority is available only to Complex QOO and multi-leg QOO Orders with at least 100 contracts on each component leg of the order and that a Floor Broker seeking split-price priority must execute 50 or more contracts of each component leg at the permissible ratio at the first price to VerDate Sep<11>2014 17:10 Nov 29, 2019 Jkt 250001 66051 obtain priority over the same number of contracts at the next less aggressive price, thereby assuring that split-price priority is available only to large Complex QOO and multi-leg QOO Orders and that a Floor Broker must trade a substantial portion of such an order at the first price to obtain splitprice priority. In addition, Amendment No. 1 revises the text of BOX Rule 7600(h) to add a paragraph to the rule describing the operation of book sweep size for Complex and multi-leg QOO Orders, thereby assuring that the text of the rule indicates the availability and functioning of book sweep with respect to these orders.29 The Commission believes that Amendment No. 1 provides additional clarity and detail to the rule text and additional analysis and examples of several aspects of the proposal, thereby facilitating the Commission’s ability to make the findings set forth above to approve the proposal. For these reasons, the Commission finds good cause, pursuant to Section 19(b)(2) of the Act,30 to approve the proposed rule change, as modified by Amendment No. 1, on an accelerated basis. to Section 19(b)(1) of the Securities Exchange Act of 1934 (‘‘Act’’) 1 and Rule 19b–4 thereunder,2 a proposed rule change (File No. SR–EMERALD–2019– 29) to amend its Options Regulatory Fee (‘‘ORF’’).3 The proposed rule change was immediately effective upon filing with the Commission pursuant to Section 19(b)(3)(A) of the Act.4 The proposed rule change was published for comment in the Federal Register on August 14, 2019.5 The Commission received one comment letter on the proposal.6 On September 30, 2019, pursuant to Section 19(b)(3)(C) of the Act, the Commission temporarily suspended the proposed rule change and instituted proceedings under Section 19(b)(2)(B) of the Act to determine whether to approve or disapprove the proposed rule change.7 On November 20, 2019, the Exchange withdrew the proposed rule change (SR–EMERALD–2019–29). VI. Conclusion It is therefore ordered, pursuant to Section 19(b)(2) of the Exchange Act,31 that the proposed rule change (SR– BOX–2019–24), as modified by Amendment No. 1, is approved on an accelerated basis. BILLING CODE 8011–01–P For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.32 Eduardo A. Aleman, Deputy Secretary. [FR Doc. 2019–25961 Filed 11–29–19; 8:45 am] For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.8 Jill M. Peterson, Assistant Secretary. [FR Doc. 2019–25971 Filed 11–29–19; 8:45 am] DEPARTMENT OF STATE [Public Notice 10943] Consideration of Buhary Seyed Abu (BSA) Tahir’s Request To Terminate Sanctions Imposed Under the Nuclear Proliferation Prevention Act and the Export-Import Bank Act for His Role in the A.Q. Khan Nuclear Network ACTION: Notice. BILLING CODE 8011–01–P On January 12, 2009, the Department of State imposed sanctions under various authorities on members of the A.Q. Khan nuclear procurement network including, BSA Tahir, a Sri Lankan national and key middleman SUMMARY: SECURITIES AND EXCHANGE COMMISSION [Release No. 34–87625; File No. SR– EMERALD–2019–29] Self-Regulatory Organizations; MIAX Emerald, LLC; Notice of Withdrawal of Proposed Rule Change To Amend its Options Regulatory Fee November 25, 2019. On August 1, 2019, MIAX Emerald, LLC (‘‘MIAX Emerald’’ or ‘‘Exchange’’) filed with the Securities and Exchange Commission (‘‘Commission’’), pursuant 29 The Notice included an example showing the use of book sweep size for a Complex QOO Order. See Notice, 84 FR at 44956. 30 15 U.S.C. 78s(b)(2). 31 15 U.S.C. 78s(b)(2). 32 17 CFR 200.30–3(a)(12). PO 00000 Frm 00087 Fmt 4703 Sfmt 4703 1 15 U.S.C. 78s(b)(1). CFR 240.19b–4. 3 See Securities Exchange Act Release No. 86606 (August 8, 2019), 84 FR 40449 (‘‘Notice’’). 4 15 U.S.C. 78s(b)(3)(A). A proposed rule change may take effect upon filing with the Commission if it is designated by the exchange as ‘‘establishing or changing a due, fee, or other charge imposed by the self-regulatory organization on any person, whether or not the person is a member of the self-regulatory organization.’’ 15 U.S.C. 78s(b)(3)(A)(ii). 5 See Notice, supra note 3. 6 See Letter to Vanessa Countryman, Secretary, Commission, from Ellen Greene, Managing Director, Securities Industry and Financial Markets Association, dated August 27, 2019. 7 See Securities Exchange Act Release No. 87168, 84 FR 53210 (October 4, 2019). 8 17 CFR 200.30–3(a)(12). 2 17 E:\FR\FM\02DEN1.SGM 02DEN1

Agencies

[Federal Register Volume 84, Number 231 (Monday, December 2, 2019)]
[Notices]
[Page 66051]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-25971]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-87625; File No. SR-EMERALD-2019-29]


Self-Regulatory Organizations; MIAX Emerald, LLC; Notice of 
Withdrawal of Proposed Rule Change To Amend its Options Regulatory Fee

November 25, 2019.
    On August 1, 2019, MIAX Emerald, LLC (``MIAX Emerald'' or 
``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 
proposed rule change (File No. SR-EMERALD-2019-29) to amend its Options 
Regulatory Fee (``ORF'').\3\ The proposed rule change was immediately 
effective upon filing with the Commission pursuant to Section 
19(b)(3)(A) of the Act.\4\ The proposed rule change was published for 
comment in the Federal Register on August 14, 2019.\5\ The Commission 
received one comment letter on the proposal.\6\ On September 30, 2019, 
pursuant to Section 19(b)(3)(C) of the Act, the Commission temporarily 
suspended the proposed rule change and instituted proceedings under 
Section 19(b)(2)(B) of the Act to determine whether to approve or 
disapprove the proposed rule change.\7\
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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. 86606 (August 8, 
2019), 84 FR 40449 (``Notice'').
    \4\ 15 U.S.C. 78s(b)(3)(A). A proposed rule change may take 
effect upon filing with the Commission if it is designated by the 
exchange as ``establishing or changing a due, fee, or other charge 
imposed by the self-regulatory organization on any person, whether 
or not the person is a member of the self-regulatory organization.'' 
15 U.S.C. 78s(b)(3)(A)(ii).
    \5\ See Notice, supra note 3.
    \6\ See Letter to Vanessa Countryman, Secretary, Commission, 
from Ellen Greene, Managing Director, Securities Industry and 
Financial Markets Association, dated August 27, 2019.
    \7\ See Securities Exchange Act Release No. 87168, 84 FR 53210 
(October 4, 2019).
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    On November 20, 2019, the Exchange withdrew the proposed rule 
change (SR-EMERALD-2019-29).
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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\
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2019-25971 Filed 11-29-19; 8:45 am]
 BILLING CODE 8011-01-P
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