Self-Regulatory Organizations; Nasdaq MRX, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Related to the Removal of Obsolete Listing Rules, 17372-17374 [2020-06389]
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17372
Federal Register / Vol. 85, No. 60 / Friday, March 27, 2020 / Notices
removal of a negotiated service
agreement from the market dominant or
the competitive product list, or the
modification of an existing product
currently appearing on the market
dominant or the competitive product
list.
Section II identifies the docket
number(s) associated with each Postal
Service request, the title of each Postal
Service request, the request’s acceptance
date, and the authority cited by the
Postal Service for each request. For each
request, the Commission appoints an
officer of the Commission to represent
the interests of the general public in the
proceeding, pursuant to 39 U.S.C. 505
(Public Representative). Section II also
establishes comment deadline(s)
pertaining to each request.
The public portions of the Postal
Service’s request(s) can be accessed via
the Commission’s website (https://
www.prc.gov). Non-public portions of
the Postal Service’s request(s), if any,
can be accessed through compliance
with the requirements of 39 CFR
3007.301.1
The Commission invites comments on
whether the Postal Service’s request(s)
in the captioned docket(s) are consistent
with the policies of title 39. For
request(s) that the Postal Service states
concern market dominant product(s),
applicable statutory and regulatory
requirements include 39 U.S.C. 3622, 39
U.S.C. 3642, 39 CFR part 3010, and 39
CFR part 3020, subpart B. For request(s)
that the Postal Service states concern
competitive product(s), applicable
statutory and regulatory requirements
include 39 U.S.C. 3632, 39 U.S.C. 3633,
39 U.S.C. 3642, 39 CFR part 3015, and
39 CFR part 3020, subpart B. Comment
deadline(s) for each request appear in
section II.
This Notice will be published in the
Federal Register.
Erica A. Barker,
Secretary.
[FR Doc. 2020–06429 Filed 3–26–20; 8:45 am]
BILLING CODE 7710–FW–P
POSTAL SERVICE
Board of Governors; Sunshine Act
Meeting
Wednesday, April 1,
2020, at 9:00 a.m.; Wednesday, April 1,
2020, at 12:00 p.m.
PLACE: Washington, DC, at U.S. Postal
Service Headquarters, 475 L’Enfant
Plaza SW, in the Benjamin Franklin
Room.
STATUS: Wednesday, April 1, 2020, at
9:00 a.m.—Closed. Wednesday, April 1,
2020, at 12:00 p.m.—Open.
MATTERS TO BE CONSIDERED:
TIME AND DATE:
Wednesday, April 1, 2020, at 9:00 a.m.
(Closed)
1. Strategic Issues.
2. Financial and Operational Matters.
3. Administrative Issues.
Wednesday, April 1, 2020, at 12:00 p.m.
(Open)
1. Remarks of the Chairman of the Board
of Governors.
2. Remarks of the Postmaster General
and CEO.
3. Borrowing Resolution.
CONTACT PERSON FOR MORE INFORMATION:
Michael J. Elston, Secretary of the Board
of Governors, U.S. Postal Service, 475
L’Enfant Plaza SW, Washington, DC
20260–1000. Telephone: (202) 268–
4800.
Michael J. Elston,
Secretary.
[FR Doc. 2020–06533 Filed 3–25–20; 11:15 am]
BILLING CODE 7710–12–P
khammond on DSKJM1Z7X2PROD with NOTICES
II. Docketed Proceeding(s)
1. Docket No(s).: MC2020–104 and
CP2020–110; Filing Title: USPS Request
to Add First-Class Package Service
Contract 107 to Competitive Product
List and Notice of Filing Materials
Under Seal; Filing Acceptance Date:
March 23, 2020; Filing Authority: 39
U.S.C. 3642, 39 CFR 3020.30 et seq., and
39 CFR 3015.5; Public Representative:
Christopher C. Mohr; Comments Due:
March 31, 2020.
1 See Docket No. RM2018–3, Order Adopting
Final Rules Relating to Non-Public Information,
June 27, 2018, Attachment A at 19–22 (Order No.
4679).
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SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–88458; File No. SR–MRX–
2020–07]
Self-Regulatory Organizations; Nasdaq
MRX, LLC; Notice of Filing and
Immediate Effectiveness of Proposed
Rule Change Related to the Removal of
Obsolete Listing Rules
March 23, 2020.
Pursuant to Section 19(b)(1) of the
Securities Exchange Act of 1934
(‘‘Act’’),1 and Rule 19b–4 thereunder,2
1 15
2 17
PO 00000
U.S.C. 78s(b)(1).
CFR 240.19b–4.
Frm 00069
Fmt 4703
Sfmt 4703
notice is hereby given that on March 10,
2020, Nasdaq MRX, LLC (‘‘MRX’’ or
‘‘Exchange’’) filed with the Securities
and Exchange Commission (‘‘SEC’’ or
‘‘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 amend its
Rules at Options 2, Options Market
Participants; Options 3, Section 2, Units
of Trading and Meaning of Premium
Quotes and Orders; and Options 3,
Section 3, Minimum Trading
Increments. Additionally, the Exchange
proposes to add new sections at General
9 and Options 4B and reserve those
sections.
The text of the proposed rule change
is available on the Exchange’s website at
https://nasdaqmrx.cchwallstreet.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
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.
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
MRX Rules at Options 2, Options
Market Participants; Options 3, Section
2, Units of Trading and Meaning of
Premium Quotes and Orders; and
Options 3, Section 3, Minimum Trading
Increments. Additionally, the Exchange
proposes to add new sections at General
9 and Options 4B and reserve those
sections. The various proposed changes
will be discussed below.
Mini Options
The Exchange has not listed Mini
Options in several years and is
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Federal Register / Vol. 85, No. 60 / Friday, March 27, 2020 / Notices
proposing to delete Mini Options listing
rules and other ancillary trading rules
related to the listing of Mini Options.
The Exchange notes that it has no open
interest in Mini Options.
Specifically, the Exchange proposes to
amend the following MRX Rules related
to Mini Options: Options 3, Section 2(c),
Units of Trading and Meaning of
Premium Quotes and Orders; and
Options 3, Section 3, Minimum Trading
Increments, at Supplementary Material
.03. The Exchange also proposes to reletter Options 3, Section 2(b) as (c) and
renumber Options 3, Section 3 at
Supplementary Material .04 as .03.
Mini Options
Rulebook Harmonization
The Exchange’s proposal to removal
references to the listing and handling of
Mini Options is consistent with the Act
because Mini Options have not been
listed in several years and thereby
removing the references to the rules
would render the rules more accurate
and reduce potential investor confusion.
Also, the Exchange notes that it has no
open interest in Mini Options. In the
event that the Exchange desires to list
Mini Options in the future, it would file
a rule change with the Commission to
adopt rules to list Mini Options.
The Exchange’s proposal to add
reserved sections General 9 and Options
4B to the Rulebook is a non-substantive
amendment which aligns the numbering
across Nasdaq affiliated Rulebooks to
provide market participants with an
ability to more readily locate rules.
Foreign Currency Index
Foreign Currency Index
The Exchange removed 3 prior MRX
Section 22, which was titled ‘‘RateModified Foreign Currency Options
Rules’’ and governed the listing and
trading of foreign currency options on
MRX. At this time, the Exchange is a
reference that is no longer necessary
within Options 3, Section 3, Minimum
Trading Increments, at Supplementary
Material .02, because the product is not
available to be listed on MRX.
The Exchange’s proposal to remove
rules and references to the listing and
handling of Foreign Currency Indexes is
consistent with the Act because the
listing rules for these products have
been removed. Also, the Exchange notes
that it has no open interest in Foreign
Currency Indexes. In the event that the
Exchange desires to list Foreign
Currency Indexes in the future, it would
file a rule change with the Commission.
III. Date of Effectiveness of the
Proposed Rule Change and Timing for
Commission Action
Rulebook Harmonization
Rulebook Harmonization
The Exchange recently harmonized its
Rulebook in connection with other
Nasdaq affiliated markets. The Exchange
proposes to reserve sections General 9
and Options 4B and certain other rules 4
within the MRX Rulebook to represent
the presence of rules in similar locations
in other Nasdaq affiliated Rulebooks
(e.g. Nasdaq Phlx LLC) 5. The addition
of these reserved sections will align the
various Nasdaq affiliated market
Rulebooks.
The Exchange’s proposal to reserve
new sections at General 9 and Options
4B within the Rulebook is a nonsubstantive amendment which aligns
the numbering across Nasdaq affiliated
Rulebooks to provide market
participants with an ability to more
readily locate rules.
2. Statutory Basis
The Exchange believes that its
proposal is consistent with Section 6(b)
of the Act,6 in general, and furthers the
objectives of Section 6(b)(5) of the Act,7
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.
3 See
khammond on DSKJM1Z7X2PROD with NOTICES
17373
Securities Exchange Act Release No. 84790
(December 11, 2018), 83 FR 64612 (December 11,
2018) (SR–MRX–2018–38) (Notice of Filing and
Immediate Effectiveness of Proposed Rule Change
To Delete MRX Section 22 of the Rulebook).
4 The Exchange proposes to reserve Options 2,
Sections 11–14 and Options 6, Section 8–13.
5 See Securities Exchange Act Release No. 88213
(February 14, 2020), 85 FR 9859 (February 20, 2020)
(SR–Phlx–2020–03) (‘‘Phlx Rulebook Relocation
Rule Change’’).
6 15 U.S.C. 78f(b).
7 15 U.S.C. 78f(b)(5).
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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.
Mini Options
The Exchange’s proposal to removal
references to the listing and handling of
Mini Options does not impose an undue
burden on competition. Mini Options
have not been listed in several years.
Also, the Exchange notes that it has no
open interest in Mini Options.
Foreign Currency Index
The Exchange’s proposal to removal
references to the listing and handling of
Foreign Currency Indexes does not
impose an undue burden on
competition. Foreign Currency Indexes
have not been listed in several years.
Also, the Exchange notes that it has no
open interest in Foreign Currency
Indexes.
PO 00000
Frm 00070
Fmt 4703
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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.
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)(iii) of the Act 8 and
subparagraph (f)(6) of Rule 19b–4
thereunder.9
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
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
8 15
U.S.C. 78s(b)(3)(A)(iii).
CFR 240.19b–4(f)(6). In addition, Rule 19b–
4(f)(6) requires the Exchange 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.
9 17
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Federal Register / Vol. 85, No. 60 / Friday, March 27, 2020 / Notices
• Send an email to rule-comments@
sec.gov. Please include File Number SR–
MRX–2020–07 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–MRX–2020–07. 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–MRX–2020–07 and should
be submitted on or before April 17,
2020.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.10
J. Matthew DeLesDernier,
Assistant Secretary.
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[FR Doc. 2020–06389 Filed 3–26–20; 8:45 am]
BILLING CODE 8011–01–P
10 17
CFR 200.30–3(a)(12).
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SECURITIES AND EXCHANGE
COMMISSION
issue other relief as necessary or
appropriate.
[Release no. 33821]
II. Ability of Open-End Fund or
Separate Account To Borrow From an
Affiliated Person; Ability of an
Affiliated Person To Make
Collateralized Loans
It is ordered, pursuant to Sections
6(c), 17(b) and 38(a) of the Investment
Company Act that:
For the period specified in Section I,
an open-end fund or a separate account
is exempt from section 12(d)(3) of the
Investment Company Act to the extent
necessary to permit it to borrow money
from any affiliated person, or affiliated
person of such affiliated person, that is
not itself a registered investment
company, and an affiliated person of an
open-end fund or separate account, or
an affiliated person of such affiliated
person, is exempt from section 17(a) to
the extent necessary to permit it to make
collateralized loans to such open-end
fund or separate account, provided that
the conditions below are satisfied.
For the period specified in Section I,
an open-end fund is exempt from
section 18(f)(1) of the Investment
Company Act to the extent necessary to
permit it to borrow money from any
affiliated person, or affiliated person of
such affiliated person, that is not a bank
and is not itself a registered investment
company, provided that the conditions
below are satisfied.
Investment Company Act of 1940;
Order Under Sections 6(c), 12(d)(1)(J),
17(b), 17(d) and 38(a) of the Investment
Company Act of 1940 and Rule 17d–1
Thereunder Granting Exemptions From
Specified Provisions of the Investment
Company Act and Certain Rules
Thereunder
March 23, 2020.
The current outbreak of coronavirus
disease 2019 (COVID–19) has disrupted
activities around the world. In light of
the current situation, we are issuing this
Order providing exemptions from
certain requirements of the Investment
Company Act. The exemptions provide
additional flexibility for (1) registered
open-end management investment
companies other than money market
funds (‘‘open-end funds’’) and (2)
insurance company separate accounts
registered as unit investment trusts
(‘‘separate accounts’’) to obtain shortterm funding.
In light of the current and potential
effects of COVID–19, the Commission
finds that the exemptions set forth
below, as applicable:
are necessary and appropriate in the public
interest and consistent with the protection of
investors and the purposes fairly intended by
the policy and provisions of the Investment
Company Act;
permit transactions the terms of which,
including the consideration to be paid or
received, are reasonable and fair and do not
involve overreaching on the part of any
person concerned;
permit transactions under the terms of
which the participation of each registered
investment company is consistent with the
provisions, policies, and purposes of the
Investment Company Act, and not on a basis
different from or less advantageous than that
of other participants; and
are necessary and appropriate to the
exercise of the powers conferred on it by the
Investment Company Act.
The necessity for prompt action of the
Commission does not permit prior
notice of the Commission’s action.
I. Time Period for the Exemptive Relief
The relief provided in each of the
following Sections of this Order is
limited to the period from (and
including) the date of this Order to (and
including) the date to be specified in a
public notice from Commission staff
stating that the relief will terminate,
which date will be at least two weeks
from the date of the notice and no
earlier than June 30, 2020.
The Commission will continue to
monitor the current situation and may
PO 00000
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Conditions
(a) The Board of Directors of the openend fund, including a majority of the
Directors who are not interested persons
of the open-end fund, or the insurance
company on behalf of the separate
account, reasonably determines that
such borrowing:
(i) Is in the best interests of the
registered investment company and its
shareholders or unit holders; and
(ii) will be for the purpose of
satisfying shareholder redemptions.
(b) Prior to relying on the relief for the
first time, the open-end fund or separate
account notifies the Commission staff
via email at IM-EmergencyRelief@
sec.gov stating that it is relying on this
Order.
III. Interfund Lending Arrangements
for Registered Investment Companies
With Existing Interfund Lending Orders
It is ordered, pursuant to Sections
6(c), 12(d)(1)(J), 17(b),17(d) and 38(a) of
the Investment Company Act and rule
17d–1 thereunder that:
For the period specified in Section I,
any registered investment company
currently able to rely on a Commission
order permitting an interfund lending
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]]>Agencies
[Federal Register Volume 85, Number 60 (Friday, March 27, 2020)]
[Notices]
[Pages 17372-17374]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-06389]
=======================================================================
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-88458; File No. SR-MRX-2020-07]
Self-Regulatory Organizations; Nasdaq MRX, LLC; Notice of Filing
and Immediate Effectiveness of Proposed Rule Change Related to the
Removal of Obsolete Listing Rules
March 23, 2020.
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 10, 2020, Nasdaq MRX, LLC (``MRX'' or ``Exchange'') filed with
the Securities and Exchange Commission (``SEC'' or ``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 amend its Rules at Options 2, Options
Market Participants; Options 3, Section 2, Units of Trading and Meaning
of Premium Quotes and Orders; and Options 3, Section 3, Minimum Trading
Increments. Additionally, the Exchange proposes to add new sections at
General 9 and Options 4B and reserve those sections.
The text of the proposed rule change is available on the Exchange's
website at https://nasdaqmrx.cchwallstreet.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 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.
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 MRX Rules at Options 2, Options
Market Participants; Options 3, Section 2, Units of Trading and Meaning
of Premium Quotes and Orders; and Options 3, Section 3, Minimum Trading
Increments. Additionally, the Exchange proposes to add new sections at
General 9 and Options 4B and reserve those sections. The various
proposed changes will be discussed below.
Mini Options
The Exchange has not listed Mini Options in several years and is
[[Page 17373]]
proposing to delete Mini Options listing rules and other ancillary
trading rules related to the listing of Mini Options. The Exchange
notes that it has no open interest in Mini Options.
Specifically, the Exchange proposes to amend the following MRX
Rules related to Mini Options: Options 3, Section 2(c), Units of
Trading and Meaning of Premium Quotes and Orders; and Options 3,
Section 3, Minimum Trading Increments, at Supplementary Material .03.
The Exchange also proposes to re-letter Options 3, Section 2(b) as (c)
and renumber Options 3, Section 3 at Supplementary Material .04 as .03.
Foreign Currency Index
The Exchange removed \3\ prior MRX Section 22, which was titled
``Rate-Modified Foreign Currency Options Rules'' and governed the
listing and trading of foreign currency options on MRX. At this time,
the Exchange is a reference that is no longer necessary within Options
3, Section 3, Minimum Trading Increments, at Supplementary Material
.02, because the product is not available to be listed on MRX.
---------------------------------------------------------------------------
\3\ See Securities Exchange Act Release No. 84790 (December 11,
2018), 83 FR 64612 (December 11, 2018) (SR-MRX-2018-38) (Notice of
Filing and Immediate Effectiveness of Proposed Rule Change To Delete
MRX Section 22 of the Rulebook).
---------------------------------------------------------------------------
Rulebook Harmonization
The Exchange recently harmonized its Rulebook in connection with
other Nasdaq affiliated markets. The Exchange proposes to reserve
sections General 9 and Options 4B and certain other rules \4\ within
the MRX Rulebook to represent the presence of rules in similar
locations in other Nasdaq affiliated Rulebooks (e.g. Nasdaq Phlx LLC)
\5\. The addition of these reserved sections will align the various
Nasdaq affiliated market Rulebooks.
---------------------------------------------------------------------------
\4\ The Exchange proposes to reserve Options 2, Sections 11-14
and Options 6, Section 8-13.
\5\ See Securities Exchange Act Release No. 88213 (February 14,
2020), 85 FR 9859 (February 20, 2020) (SR-Phlx-2020-03) (``Phlx
Rulebook Relocation Rule Change'').
---------------------------------------------------------------------------
2. Statutory Basis
The Exchange believes that its proposal is consistent with Section
6(b) of the Act,\6\ in general, and furthers the objectives of Section
6(b)(5) of the Act,\7\ 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.
---------------------------------------------------------------------------
\6\ 15 U.S.C. 78f(b).
\7\ 15 U.S.C. 78f(b)(5).
---------------------------------------------------------------------------
Mini Options
The Exchange's proposal to removal references to the listing and
handling of Mini Options is consistent with the Act because Mini
Options have not been listed in several years and thereby removing the
references to the rules would render the rules more accurate and reduce
potential investor confusion. Also, the Exchange notes that it has no
open interest in Mini Options. In the event that the Exchange desires
to list Mini Options in the future, it would file a rule change with
the Commission to adopt rules to list Mini Options.
Foreign Currency Index
The Exchange's proposal to remove rules and references to the
listing and handling of Foreign Currency Indexes is consistent with the
Act because the listing rules for these products have been removed.
Also, the Exchange notes that it has no open interest in Foreign
Currency Indexes. In the event that the Exchange desires to list
Foreign Currency Indexes in the future, it would file a rule change
with the Commission.
Rulebook Harmonization
The Exchange's proposal to reserve new sections at General 9 and
Options 4B within the Rulebook is a non-substantive amendment which
aligns the numbering across Nasdaq affiliated Rulebooks to provide
market participants with an ability to more readily locate rules.
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.
Mini Options
The Exchange's proposal to removal references to the listing and
handling of Mini Options does not impose an undue burden on
competition. Mini Options have not been listed in several years. Also,
the Exchange notes that it has no open interest in Mini Options.
Foreign Currency Index
The Exchange's proposal to removal references to the listing and
handling of Foreign Currency Indexes does not impose an undue burden on
competition. Foreign Currency Indexes have not been listed in several
years. Also, the Exchange notes that it has no open interest in Foreign
Currency Indexes.
Rulebook Harmonization
The Exchange's proposal to add reserved sections General 9 and
Options 4B to the Rulebook is a non-substantive amendment which aligns
the numbering across Nasdaq affiliated Rulebooks to provide market
participants with an ability to more readily locate rules.
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)(iii) of the Act \8\ and
subparagraph (f)(6) of Rule 19b-4 thereunder.\9\
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\8\ 15 U.S.C. 78s(b)(3)(A)(iii).
\9\ 17 CFR 240.19b-4(f)(6). In addition, Rule 19b-4(f)(6)
requires the Exchange 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.
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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 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
[[Page 17374]]
Send an email to [email protected]. Please include
File Number SR-MRX-2020-07 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-MRX-2020-07. 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-MRX-2020-07 and should be submitted on
or before April 17, 2020.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\10\
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\10\ 17 CFR 200.30-3(a)(12).
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J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020-06389 Filed 3-26-20; 8:45 am]
BILLING CODE 8011-01-P
