Self-Regulatory Organizations; Investors Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Correct Three Typographical Errors in IEX Rules 11.190(e) and 11.220(a)(7), 3087-3088 [2020-00682]
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Federal Register / Vol. 85, No. 12 / Friday, January 17, 2020 / Notices
II. Additional Considerations for
Repositories Storing Human Data (Even
if De-Identified)
A. Fidelity to Consent: Restricts
dataset access to appropriate uses
consistent with original consent (such
as for use only within the context of
research on a specific disease or
condition).
B. Restricted Use Compliant: Enforces
submitters’ data use restrictions, such as
preventing reidentification or
redistribution to unauthorized users.
C. Privacy: Implements and provides
documentation of security techniques
appropriate for human subjects’ data to
protect from inappropriate access.
D. Plan for Breach: Has security
measures that include a data breach
response plan.
E. Download Control: Controls and
audits access to and download of
datasets.
F. Clear Use Guidance: Provides
accompanying documentation
describing restrictions on dataset access
and use.
G. Retention Guidelines: Provides
documentation on its guidelines for data
retention.
H. Violations: Has plans for
addressing violations of terms-of-use by
users and data mismanagement by the
repository.
I. Request Review: Has an established
data access review or oversight group
responsible for reviewing data use
requests.
Sean C. Bonyun,
Chief of Staff, Office of Science and
Technology Policy.
[FR Doc. 2020–00689 Filed 1–16–20; 8:45 am]
BILLING CODE P
SECURITIES AND EXCHANGE
COMMISSION
Self-Regulatory Organizations;
Investors Exchange LLC; Notice of
Filing and Immediate Effectiveness of
Proposed Rule Change To Correct
Three Typographical Errors in IEX
Rules 11.190(e) and 11.220(a)(7)
lotter on DSKBCFDHB2PROD with NOTICES
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 (date),
the Investors Exchange LLC (‘‘IEX’’ or
the ‘‘Exchange’’) filed with the
1 15
U.S.C. 78s(b)(1).
U.S.C. 78a.
3 17 CFR 240.19b–4.
2 15
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18:20 Jan 16, 2020
Jkt 250001
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
Pursuant to the provisions of Section
19(b)(1) under the Act,4 and Rule 19b–
4 thereunder,5 IEX is filing with the
Commission a proposed rule change to
correct three typographical errors in IEX
Rules 11.190(e) and 11.220(a)(7). The
Exchange has designated this rule
change as ‘‘non-controversial’’ under
Section 19(b)(3)(A) of the Act 6 and
provided the Commission with the
notice required by Rule 19b–4(f)(6)
thereunder.7
The text of the proposed rule change
is available at the Exchange’s website at
www.iextrading.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
and discussed any comments it received
on the proposed rule change. The text
of these statement may be examined at
the places specified in Item IV below.
The self-regulatory organization 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
[Release No. 34–87948; File No. SR–IEX–
2020–01]
January 13, 2020.
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.
1. Purpose
The Exchange recently filed a
proposed rule change to amend, in part,
IEX Rules 11.190(e) and Rule
11.220(a)(7) related to the Exchange’s
anti-internalization functionality (the
‘‘Original Filing’’).8 The Original Filing
introduced two typographical errors in
IEX Rule 11.190(e) and one
typographical error in IEX Rule
4 15
U.S.C. 78s(b)(1).
CFR 240.19b–4.
6 15 U.S.C. 78s(b)(3)(A).
7 17 CFR 240.19b–4.
8 See Securities Exchange Act Release No. 87798
(December 18, 2019), 84 FR 71053 (December 26,
2019) (SR–IEX–2019–14).
5 17
PO 00000
Frm 00077
Fmt 4703
Sfmt 4703
3087
11.220(a)(7), which the Exchange
proposes to correct as described below.
First, the Exchange proposes to add
the number ‘‘2’’ in IEX Rule 11.190(e) to
denote a numbered subparagraph
between subparagraphs (1) and (3). The
Original Filing inadvertently deleted the
number ‘‘2’’ to denote the applicable
subparagraph.
Second, the Exchange proposes to
delete the word ‘‘modifier’’ from the
first sentence of IEX Rule 11.190(e)(3).
The Original Filing inadvertently did
not mark the word for deletion as
intended.
Third, the Exchange proposes to
modify the first sentence of Rule
11.220(a)(7), in which a deletion bracket
and the preceding letter were
inadvertently underlined in the Original
Filing. The Exchange thus proposes to
delete the deletion bracket and
preceding letter as intended.
2. Statutory Basis
IEX believes that the proposed rule
change is consistent with the provisions
of Section 6(b) 9 of the Act in general,
and furthers the objectives of Section
6(b)(5) of the Act 10 in particular, in that
it is designed to prevent fraudulent and
manipulative acts and practices, 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.
Specifically, IEX believes that the
proposed rule change is consistent with
Section 6(b)(5) of the Act 11 because it
will eliminate any confusion regarding
IEX rules by correcting inadvertent
typographical errors introduced by the
Original Filing in IEX Rules 11.190(e)(2)
and 11.220(a)(7) without changing the
substance of such rule provisions.
B. Self-Regulatory Organization’s
Statement on Burden on Competition
IEX does not believe that the
proposed rule change will result in any
burden on competition that is not
necessary or appropriate in furtherance
of the purposes of the Act. The
proposed rule change is not designed to
address any competitive issues but
rather to correct inadvertent
typographical errors, thereby
eliminating any potential confusion
regarding such rule provisions without
changing their substance.
9 15
U.S.C. 78f.
U.S.C. 78f(b)(5).
11 15 U.S.C. 78f(b)(5).
10 15
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17JAN1
3088
Federal Register / Vol. 85, No. 12 / Friday, January 17, 2020 / Notices
C. Self-Regulatory Organization’s
Statement on Comments on the
Proposed Rule Change Received From
Members, Participants, or Others
Written comments were neither
solicited nor received.
III. Date of Effectiveness of the
Proposed Rule Change and Timing for
Commission Action
The Exchange has designated this rule
filing as non-controversial under
Section 19(b)(3)(A) 12 of the Act and
Rule 19b–4(f)(6) 13 thereunder. Because
the 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 and Rule 19b–
4(f)(6)(iii) thereunder.14
A proposed rule change filed under
Rule 19b–4(f)(6) 15 normally does not
become operative prior to 30 days after
the date of the filing. However, pursuant
to Rule 19b–4(f)(6)(iii),16 the
Commission may 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 proposal may
become operative immediately upon
filing. The Exchange has represented
that it would like to implement the
proposed rule changes on the same
schedule as the Original Filing to avoid
any potential confusion. The proposed
rule change only corrects nonsubstantive typographical errors in the
Exchange’s recently adopted rule and
thus does not raise any new or novel
issues. Accordingly, the Commission
believes that waiver of the 30-day
operative delay period is consistent
with the protection of investors and the
public interest and hereby waives the
30-day operative delay and designates
the proposed rule change operative
upon filing.17
12 15
U.S.C. 78s(b)(3)(A).
CFR 240.19b–4(f)(6).
14 In addition, Rule 19b–4(f)(6) requires the
Exchange to give the Commission written notice of
the Exchange’s 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.
15 17 CFR 240.19b–4(f)(6).
16 17 CFR 240.19b–4(f)(6)(iii).
17 For purposes only of waiving the 30-day
operative delay, the Commission has considered the
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13 17
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At any time within 60 days of the
filing of such 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
under Section 19(b)(2)(B) 18 of the Act 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–
IEX–2020–01 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–IEX–2020–01. 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
proposed rule’s impact on efficiency, competition,
and capital formation. See 15 U.S.C. 78c(f).
18 15 U.S.C. 78s(b)(2)(B).
PO 00000
Frm 00078
Fmt 4703
Sfmt 4703
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–IEX–2020–01 and should
be submitted on or before February 7,
2020.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.19
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020–00682 Filed 1–16–20; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
Sunshine Act Meetings
Notice is hereby given,
pursuant to the provisions of the
Government in Sunshine Act, Public
Law 94–409, that the Securities and
Exchange Commission Investor
Advisory Committee will hold a
telephonic meeting on Friday, January
24, 2020.
PLACE: The meeting will be open to the
public via telephone at 1–844–721–7239
in the United States or (409) 207–6953
outside the United States, participant
code 4443950.
STATUS: This meeting will begin at 11:30
a.m. (ET) and conclude at 1:15 p.m. and
will be open to the public via telephone.
The meeting will be webcast by audioonly on the Commission’s website at
www.sec.gov.
MATTERS TO BE CONSIDERED: On
December 31, 2019, the Commission
issued notice of the Committee meeting
(Release No. 33–10739), indicating that
the meeting is open to the public via
telephone, and inviting the public to
submit written comments to the
Committee. This Sunshine Act notice is
being issued because a quorum of the
Commission may attend the meeting.
The agenda for the meeting includes:
Welcome remarks; a discussion of the
SEC’s proxy voting advice and Rule
14a–8 proposed rulemakings (which
may include a recommendation from
the Investor as Owner Subcommittee);
and a discussion of exchange rebate tier
disclosure (which may include a
TIME AND DATE:
19 17
E:\FR\FM\17JAN1.SGM
CFR 200.30–3(a)(12).
17JAN1
]]>Agencies
[Federal Register Volume 85, Number 12 (Friday, January 17, 2020)]
[Notices]
[Pages 3087-3088]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-00682]
=======================================================================
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-87948; File No. SR-IEX-2020-01]
Self-Regulatory Organizations; Investors Exchange LLC; Notice of
Filing and Immediate Effectiveness of Proposed Rule Change To Correct
Three Typographical Errors in IEX Rules 11.190(e) and 11.220(a)(7)
January 13, 2020.
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 (date), the Investors Exchange LLC (``IEX'' 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.
---------------------------------------------------------------------------
\1\ 15 U.S.C. 78s(b)(1).
\2\ 15 U.S.C. 78a.
\3\ 17 CFR 240.19b-4.
---------------------------------------------------------------------------
I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change
Pursuant to the provisions of Section 19(b)(1) under the Act,\4\
and Rule 19b-4 thereunder,\5\ IEX is filing with the Commission a
proposed rule change to correct three typographical errors in IEX Rules
11.190(e) and 11.220(a)(7). The Exchange has designated this rule
change as ``non-controversial'' under Section 19(b)(3)(A) of the Act
\6\ and provided the Commission with the notice required by Rule 19b-
4(f)(6) thereunder.\7\
---------------------------------------------------------------------------
\4\ 15 U.S.C. 78s(b)(1).
\5\ 17 CFR 240.19b-4.
\6\ 15 U.S.C. 78s(b)(3)(A).
\7\ 17 CFR 240.19b-4.
---------------------------------------------------------------------------
The text of the proposed rule change is available at the Exchange's
website at www.iextrading.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 and discussed any comments it received on the
proposed rule change. The text of these statement may be examined at
the places specified in Item IV below. The self-regulatory organization
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
The Exchange recently filed a proposed rule change to amend, in
part, IEX Rules 11.190(e) and Rule 11.220(a)(7) related to the
Exchange's anti-internalization functionality (the ``Original
Filing'').\8\ The Original Filing introduced two typographical errors
in IEX Rule 11.190(e) and one typographical error in IEX Rule
11.220(a)(7), which the Exchange proposes to correct as described
below.
---------------------------------------------------------------------------
\8\ See Securities Exchange Act Release No. 87798 (December 18,
2019), 84 FR 71053 (December 26, 2019) (SR-IEX-2019-14).
---------------------------------------------------------------------------
First, the Exchange proposes to add the number ``2'' in IEX Rule
11.190(e) to denote a numbered subparagraph between subparagraphs (1)
and (3). The Original Filing inadvertently deleted the number ``2'' to
denote the applicable subparagraph.
Second, the Exchange proposes to delete the word ``modifier'' from
the first sentence of IEX Rule 11.190(e)(3). The Original Filing
inadvertently did not mark the word for deletion as intended.
Third, the Exchange proposes to modify the first sentence of Rule
11.220(a)(7), in which a deletion bracket and the preceding letter were
inadvertently underlined in the Original Filing. The Exchange thus
proposes to delete the deletion bracket and preceding letter as
intended.
2. Statutory Basis
IEX believes that the proposed rule change is consistent with the
provisions of Section 6(b) \9\ of the Act in general, and furthers the
objectives of Section 6(b)(5) of the Act \10\ in particular, in that it
is designed to prevent fraudulent and manipulative acts and practices,
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.
---------------------------------------------------------------------------
\9\ 15 U.S.C. 78f.
\10\ 15 U.S.C. 78f(b)(5).
---------------------------------------------------------------------------
Specifically, IEX believes that the proposed rule change is
consistent with Section 6(b)(5) of the Act \11\ because it will
eliminate any confusion regarding IEX rules by correcting inadvertent
typographical errors introduced by the Original Filing in IEX Rules
11.190(e)(2) and 11.220(a)(7) without changing the substance of such
rule provisions.
---------------------------------------------------------------------------
\11\ 15 U.S.C. 78f(b)(5).
---------------------------------------------------------------------------
B. Self-Regulatory Organization's Statement on Burden on Competition
IEX does not believe that the proposed rule change will result in
any burden on competition that is not necessary or appropriate in
furtherance of the purposes of the Act. The proposed rule change is not
designed to address any competitive issues but rather to correct
inadvertent typographical errors, thereby eliminating any potential
confusion regarding such rule provisions without changing their
substance.
[[Page 3088]]
C. Self-Regulatory Organization's Statement on Comments on the Proposed
Rule Change Received From Members, Participants, or Others
Written comments were neither solicited nor received.
III. Date of Effectiveness of the Proposed Rule Change and Timing for
Commission Action
The Exchange has designated this rule filing as non-controversial
under Section 19(b)(3)(A) \12\ of the Act and Rule 19b-4(f)(6) \13\
thereunder. Because the 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 and Rule 19b-
4(f)(6)(iii) thereunder.\14\
---------------------------------------------------------------------------
\12\ 15 U.S.C. 78s(b)(3)(A).
\13\ 17 CFR 240.19b-4(f)(6).
\14\ In addition, Rule 19b-4(f)(6) requires the Exchange to give
the Commission written notice of the Exchange's 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.
---------------------------------------------------------------------------
A proposed rule change filed under Rule 19b-4(f)(6) \15\ normally
does not become operative prior to 30 days after the date of the
filing. However, pursuant to Rule 19b-4(f)(6)(iii),\16\ the Commission
may 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 proposal
may become operative immediately upon filing. The Exchange has
represented that it would like to implement the proposed rule changes
on the same schedule as the Original Filing to avoid any potential
confusion. The proposed rule change only corrects non-substantive
typographical errors in the Exchange's recently adopted rule and thus
does not raise any new or novel issues. Accordingly, the Commission
believes that waiver of the 30-day operative delay period is consistent
with the protection of investors and the public interest and hereby
waives the 30-day operative delay and designates the proposed rule
change operative upon filing.\17\
---------------------------------------------------------------------------
\15\ 17 CFR 240.19b-4(f)(6).
\16\ 17 CFR 240.19b-4(f)(6)(iii).
\17\ For purposes only of waiving the 30-day operative delay,
the Commission 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 such 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 under
Section 19(b)(2)(B) \18\ of the Act to determine whether the proposed
rule change should be approved or disapproved.
---------------------------------------------------------------------------
\18\ 15 U.S.C. 78s(b)(2)(B).
---------------------------------------------------------------------------
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-IEX-2020-01 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-IEX-2020-01. 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-IEX-2020-01 and should be submitted on
or before February 7, 2020.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\19\
---------------------------------------------------------------------------
\19\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020-00682 Filed 1-16-20; 8:45 am]
BILLING CODE 8011-01-P
