Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Retire the FINRA Rule 10000 Series (Code of Arbitration Procedure), 31229-31231 [2024-08688]
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Federal Register / Vol. 89, No. 80 / Wednesday, April 24, 2024 / Notices
Table of Contents
and there would be no significant
increase in occupational or public
radiation exposure because of the
proposed action. The environmental
assessment and the finding of no
significant impact was published on
April 17, 2024 (89 FR 27465).
I. Introduction
II. Docketed Proceeding(s)
IV. Conclusion
Based on these considerations, the
NRC has determined that, pursuant to
10 CFR 72.7, the exemption is
authorized by law, will not endanger
life or property or the common defense
and security, and is otherwise in the
public interest. Therefore, the NRC
grants TVA an exemption from the
requirements of §§ 72.212(a)(2),
72.212(b)(3), 72.212(b)(5)(i),
72.212(b)(11), and 72.214 with respect
to the future loading in the HI–STORM
FW MPC Storage System of five MPC–
37–CBS beginning in July 2024.
This exemption is effective upon
issuance.
Dated: April 17, 2024.
For the Nuclear Regulatory Commission.
Bernard H. White,
Acting Chief, Storage and Transportation
Licensing Branch, Division of Fuel
Management, Office of Nuclear Material
Safety, and Safeguards.
[FR Doc. 2024–08769 Filed 4–23–24; 8:45 am]
BILLING CODE 7590–01–P
POSTAL REGULATORY COMMISSION
[Docket Nos. CP2022–34; MC2024–231 and
CP2024–237; MC2024–234 and CP2024–240]
New Postal Products
Postal Regulatory Commission.
ACTION: Notice.
AGENCY:
The Commission is noticing a
recent Postal Service filing for the
Commission’s consideration concerning
a negotiated service agreement. This
notice informs the public of the filing,
invites public comment, and takes other
administrative steps.
DATES: Comments are due: April 25,
2024.
SUMMARY:
Submit comments
electronically via the Commission’s
Filing Online system at https://
www.prc.gov. Those who cannot submit
comments electronically should contact
the person identified in the FOR FURTHER
INFORMATION CONTACT section by
telephone for advice on filing
alternatives.
khammond on DSKJM1Z7X2PROD with NOTICES
ADDRESSES:
I. Introduction
The Commission gives notice that the
Postal Service filed request(s) for the
Commission to consider matters related
to negotiated service agreement(s). The
request(s) may propose the addition or
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
3011.301.1
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 3030, and 39
CFR part 3040, 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 3035, and
39 CFR part 3040, subpart B. Comment
deadline(s) for each request appear in
section II.
II. Docketed Proceeding(s)
1. Docket No(s).: CP2022–34; Filing
Title: Notice of United States Postal
Service of Filing Modifications to Rates
Under Inbound Competitive MultiService IRA–USPS II Agreement; Filing
Acceptance Date: April 17, 2024; Filing
FOR FURTHER INFORMATION CONTACT:
David A. Trissell, General Counsel, at
202–789–6820.
SUPPLEMENTARY INFORMATION:
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16:48 Apr 23, 2024
Jkt 262001
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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31229
Authority: 39 CFR 3035.105; Public
Representative: Samuel Robinson;
Comments Due: April 25, 2024.
2. Docket No(s).: MC2024–231 and
CP2024–237; Filing Title: Request of the
United States Postal Service to Add
Global Expedited Package Services—
Non-Published Rates 16 (GEPS—NPR
16) to the Competitive Products List and
Notice of Filing GEPS—NPR 16 Model
Contract and Application for NonPublic Treatment of Materials Filed
Under Seal; Filing Acceptance Date:
April 17, 2024; Filing Authority: 39
U.S.C. 3642, 39 CFR 3040.130 et seq.,
and 39 CFR 3035.105; Public
Representative: Samuel Robinson;
Comments Due: April 25, 2024.
3. MC2024–234 and CP2024–240;
Filing Title: USPS Request to Add
Priority Mail Express, Priority Mail &
USPS Ground Advantage Contract 56 to
Competitive Product List and Notice of
Filing Materials Under Seal; Filing
Acceptance Date: April 17, 2024; Filing
Authority: 39 U.S.C. 3642, 39 CFR
3040.130 through 3040.135, and 39 CFR
3035.105; Public Representative: Alireza
Motameni; Comments Due: April 25,
2024.
This Notice will be published in the
Federal Register.
Erica A. Barker,
Secretary.
[FR Doc. 2024–08717 Filed 4–23–24; 8:45 am]
BILLING CODE 7710–FW–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–99991; File No. SR–FINRA–
2024–005]
Self-Regulatory Organizations;
Financial Industry Regulatory
Authority, Inc.; Notice of Filing and
Immediate Effectiveness of a Proposed
Rule Change To Retire the FINRA Rule
10000 Series (Code of Arbitration
Procedure)
April 18, 2024.
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 April 17,
2024, the Financial Industry Regulatory
Authority, Inc. (‘‘FINRA’’) filed with the
Securities and Exchange Commission
(‘‘SEC’’ or ‘‘Commission’’) the proposed
rule change as described in Items I, II,
and III below, which Items have been
prepared by FINRA. FINRA has
designated the proposed rule change as
constituting a ‘‘non-controversial’’ rule
1 15
2 17
E:\FR\FM\24APN1.SGM
U.S.C. 78s(b)(1).
CFR 240.19b–4.
24APN1
31230
Federal Register / Vol. 89, No. 80 / Wednesday, April 24, 2024 / Notices
change under paragraph (f)(6) of Rule
19b–4 under the Act,3 which renders
the proposal effective upon receipt of
this filing by the Commission. 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
FINRA is proposing to retire the
FINRA Rule 10000 Series (Code of
Arbitration Procedure) that governs
arbitration and mediation claims filed in
the forum administered by FINRA
Dispute Resolution Services (‘‘DRS’’)
prior to April 16, 2007.
The text of the proposed rule change
is available on FINRA’s website at
https://www.finra.org, at the principal
office of FINRA 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,
FINRA 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. FINRA 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
khammond on DSKJM1Z7X2PROD with NOTICES
1. Purpose
The FINRA Rule 10000 Series (‘‘old
Code’’) applies to arbitration and
mediation claims filed in the DRS forum
prior to April 16, 2007. As part of a
comprehensive plan to reorganize and
simplify the old Code, FINRA
previously separated the old Code into
three sections: the Code of Arbitration
Procedure for Customer Disputes
(‘‘Customer Code’’); the Code of
Arbitration Procedure for Industry
Disputes (‘‘Industry Code’’); and the
Code of Mediation Procedure
(‘‘Mediation Code’’) (together,
‘‘Codes’’).4 The Codes apply to claims
3 17
CFR 240.19b–4(f)(6).
Securities Exchange Act Release No. 52705
(October 31, 2005), 70 FR 67525 (November 7, 2005)
(Order Approving File No. SR–NASD–2004–013);
Securities Exchange Act Release No. 55158 (January
24, 2007), 72 FR 4574 (January 31, 2007) (Order
Approving File Nos. SR–NASD–2003–158 and SR–
NASD–2004–011). See also Securities Exchange Act
Release No. 58643 (September 25, 2008), 73 FR
4 See
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16:48 Apr 23, 2024
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filed in the DRS forum on or after April
16, 2007.5
The proposed rule change would
retire the old Code. All mediation and
arbitration claims that were filed in the
DRS forum prior to April 16, 2007, and
governed by the old Code, have closed.
Thus, the old Code is no longer
applicable to any mediation or
arbitration claims filed in the DRS
forum.
FINRA has filed the proposed rule
change for immediate effectiveness.
2. Statutory Basis
FINRA believes that the proposed rule
change is consistent with the provisions
of Section 15A(b)(6) of the Act,6 which
requires, among other things, that
FINRA rules must be designed to
prevent fraudulent and manipulative
acts and practices, to promote just and
equitable principles of trade, and, in
general, to protect investors and the
public interest.
The proposed rule change will protect
investors and the public interest by
eliminating potential confusion and
providing greater regulatory clarity to
forum users regarding the rules
applicable to claims filed in the DRS
forum as it will retire the old Code,
which is no longer applicable to any
arbitration or mediation claims filed in
the DRS forum.
B. Self-Regulatory Organization’s
Statement on Burden on Competition
FINRA 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 would retire the
old Code that is no longer applicable to
any arbitration or mediation claims filed
in the DRS forum and, therefore, would
not have additional economic impacts
on FINRA members or their associated
persons.
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.
57174 (October 1, 2008) (Order Approving File Nos.
SR–FINRA–2008–021; SR–FINRA–2008–022; SR–
FINRA–2008–026; SR–FINRA–2008–028 and SR–
FINRA–2008–029) (consolidating NASD rules,
including the Codes, as FINRA rules in the
consolidated FINRA rulebook).
5 The FINRA Rule 12000 Series contains the
Customer Code; the FINRA Rule 13000 Series
contains the Industry Code; and the FINRA Rule
14000 Series contains the Mediation Code.
6 15 U.S.C. 78o–3(b)(6).
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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) of the Act 7 and Rule 19b–
4(f)(6) thereunder.8
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
• Send an email to rule-comments@
sec.gov. Please include file number SR–
FINRA–2024–005 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–FINRA–2024–005. 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
7 15
8 17
E:\FR\FM\24APN1.SGM
U.S.C. 78s(b)(3)(A).
CFR 240.19b–4(f)(6).
24APN1
Federal Register / Vol. 89, No. 80 / Wednesday, April 24, 2024 / Notices
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
a.m. and 3 p.m. Copies of such filing
also will be available for inspection and
copying at the principal office of
FINRA. Do not include personal
identifiable information in submissions;
you should submit only information
that you wish to make available
publicly. We may redact in part or
withhold entirely from publication
submitted material that is obscene or
subject to copyright protection.
All submissions should refer to file
number SR–FINRA–2024–005 and
should be submitted on or before May
15, 2024.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.9
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2024–08688 Filed 4–23–24; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–99989; File No. SR–IEX–
2024–06]
Self-Regulatory Organizations;
Investors Exchange LLC; Notice of
Filing and Immediate Effectiveness of
Proposed Rule Change To Amend the
Exchange’s Fee Schedule Concerning
Transaction Fees for Tape B Securities
khammond on DSKJM1Z7X2PROD with NOTICES
April 18, 2024.
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 April 8,
2024, 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, II and III
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.
9 17
CFR 200.30–3(a)(12).
U.S.C. 78s(b)(1).
2 15 U.S.C. 78a.
3 17 CFR 240.19b–4.
1 15
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16:48 Apr 23, 2024
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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 Securities Exchange
Act of 1934 (‘‘Act’’),4 and Rule 19b–4
thereunder,5 IEX is filing with the
Commission a proposed rule change to
amend the Exchange’s fee schedule
applicable to Members 6 (the ‘‘Fee
Schedule’’) pursuant to IEX Rule
15.110(a) and (c). Changes to the Fee
Schedule pursuant to this proposal are
effective upon filing,7 and will be
operative on May 1, 2024.
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 statements 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 proposes to modify its
Fee Schedule, pursuant to IEX Rule
15.110(a) and (c), to modify the
transaction fees applicable to most 8
displayed executions of Tape B
securities.9 As proposed, the Exchange
will increase the rebate paid for
executions of displayed liquidity adding
4 15
U.S.C. 78s(b)(1).
CFR 240.19b–4.
6 See IEX Rule 1.160(s).
7 15 U.S.C. 78s(b)(3)(A)(ii).
8 This fee proposal will not change the fees
charged or fee codes applied for Retail and Retail
Liquidity Providing executions of Tape B securities,
which execute for free. Additionally, while the fee
proposal includes a fee code change for all other
executions of Tape B securities that are priced at
less than $1.00 per share, the fees charged for such
executions will not change. Finally, as described
infra, certain pegged order types that by design are
not likely to interact with displayed liquidity will
not be subject to the increased fees charged for
taking displayed liquidity in Tape B securities.
9 ‘‘Tape B securities’’ are securities listed on any
national securities exchange other than the New
York Stock Exchange or The Nasdaq Stock Market.
5 17
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Fmt 4703
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31231
orders in Tape B securities with an
execution price of $1.00 per share or
more from $0.0004 to $0.0014 per share,
increase the fee for executions of most 10
displayed liquidity removing orders in
Tape B securities from $0.0010 to
$0.0020 per share (unless a lower fee
applies), and introduce two new fee
codes to reflect these fee changes. IEX
is not proposing any changes to
executions that add or remove nondisplayed liquidity in Tape B securities,
which will continue to be subject to the
same fees charged for executions in
Tape A and C securities.11 The
Exchange notes that other exchanges
also offer different fees for Tape B
executions that are designed to
incentivize the posting of displayed
liquidity in Tape B securities.12 IEX’s
proposed fee structure for executions of
Tape B securities is less than or in line
with other exchanges, but with lower
access fees and rebates and without the
use of any volume-based pricing.13
IEX is making this proposal to
incentivize the posting of displayed
liquidity in Tape B securities by
increasing the rebate applied to those
orders, thereby promoting price
discovery and market quality on the
Exchange, which the Exchange believes
benefits all Members and market
participants. The Exchange periodically
assesses its fee structure. Based upon a
recent assessment, the Exchange
believes that the proposed pricing
change would further incentivize
Members to submit displayed orders in
Tape B securities priced at or above
$1.00 per share.
10 See
supra note 5.
discussed below, IEX is proposing to
introduce a new fee code that will apply to nondisplayed adding or removing executions of Tape
B securities, but the fees charged for these
executions will be unchanged.
12 See, e.g., MEMX Equities Fee Schedule
(effective April 1, 2024), available at https://
info.memxtrading.com/equities-trading-resources/
us-equities-fee-schedule/ (paying an ‘‘additive
rebate’’ of $0.0002 per share for Tape B securities
if the member satisfies a volume threshold in its
Tape B trades, but offering no similar rebate for
Tape A or C securities); Nasdaq Equity 7, Section
118(a)(1), available at https://listingcenter.nasdaq.
com/rulebook/nasdaq/rules/
Nasdaq%20Equity%207#section_118_nasdaq_
market_center_order_execution_and_routing
(paying a supplemental rebate of $0.0001 per share
for Tape B displayed liquidity providing orders, but
offering no similar rebate for Tape A or C
securities).
13 See, e.g., MEMX Equities Fee Schedule, supra,
note 9 (offering rebates for adding displayed Tape
B liquidity of $0.0015 to $0.0035, depending upon
trading volume, and charging as much as $0.0030
to remove Tape B liquidity); Nasdaq Equity 7,
Section 118(a)(1), supra, note 9 (offering rebates for
adding displayed Tape B liquidity of $0.0028 to
$0.0036, depending upon trading volume, and
charging as much as $0.0030 to remove Tape B
liquidity).
11 As
E:\FR\FM\24APN1.SGM
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]]>Agencies
[Federal Register Volume 89, Number 80 (Wednesday, April 24, 2024)]
[Notices]
[Pages 31229-31231]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-08688]
=======================================================================
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-99991; File No. SR-FINRA-2024-005]
Self-Regulatory Organizations; Financial Industry Regulatory
Authority, Inc.; Notice of Filing and Immediate Effectiveness of a
Proposed Rule Change To Retire the FINRA Rule 10000 Series (Code of
Arbitration Procedure)
April 18, 2024.
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 April 17, 2024, the Financial Industry Regulatory Authority, Inc.
(``FINRA'') filed with the Securities and Exchange Commission (``SEC''
or ``Commission'') the proposed rule change as described in Items I,
II, and III below, which Items have been prepared by FINRA. FINRA has
designated the proposed rule change as constituting a ``non-
controversial'' rule
[[Page 31230]]
change under paragraph (f)(6) of Rule 19b-4 under the Act,\3\ which
renders the proposal effective upon receipt of this filing by the
Commission. 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.
\3\ 17 CFR 240.19b-4(f)(6).
---------------------------------------------------------------------------
I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change
FINRA is proposing to retire the FINRA Rule 10000 Series (Code of
Arbitration Procedure) that governs arbitration and mediation claims
filed in the forum administered by FINRA Dispute Resolution Services
(``DRS'') prior to April 16, 2007.
The text of the proposed rule change is available on FINRA's
website at https://www.finra.org, at the principal office of FINRA 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, FINRA 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. FINRA 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 FINRA Rule 10000 Series (``old Code'') applies to arbitration
and mediation claims filed in the DRS forum prior to April 16, 2007. As
part of a comprehensive plan to reorganize and simplify the old Code,
FINRA previously separated the old Code into three sections: the Code
of Arbitration Procedure for Customer Disputes (``Customer Code''); the
Code of Arbitration Procedure for Industry Disputes (``Industry
Code''); and the Code of Mediation Procedure (``Mediation Code'')
(together, ``Codes'').\4\ The Codes apply to claims filed in the DRS
forum on or after April 16, 2007.\5\
---------------------------------------------------------------------------
\4\ See Securities Exchange Act Release No. 52705 (October 31,
2005), 70 FR 67525 (November 7, 2005) (Order Approving File No. SR-
NASD-2004-013); Securities Exchange Act Release No. 55158 (January
24, 2007), 72 FR 4574 (January 31, 2007) (Order Approving File Nos.
SR-NASD-2003-158 and SR-NASD-2004-011). See also Securities Exchange
Act Release No. 58643 (September 25, 2008), 73 FR 57174 (October 1,
2008) (Order Approving File Nos. SR-FINRA-2008-021; SR-FINRA-2008-
022; SR-FINRA-2008-026; SR-FINRA-2008-028 and SR-FINRA-2008-029)
(consolidating NASD rules, including the Codes, as FINRA rules in
the consolidated FINRA rulebook).
\5\ The FINRA Rule 12000 Series contains the Customer Code; the
FINRA Rule 13000 Series contains the Industry Code; and the FINRA
Rule 14000 Series contains the Mediation Code.
---------------------------------------------------------------------------
The proposed rule change would retire the old Code. All mediation
and arbitration claims that were filed in the DRS forum prior to April
16, 2007, and governed by the old Code, have closed. Thus, the old Code
is no longer applicable to any mediation or arbitration claims filed in
the DRS forum.
FINRA has filed the proposed rule change for immediate
effectiveness.
2. Statutory Basis
FINRA believes that the proposed rule change is consistent with the
provisions of Section 15A(b)(6) of the Act,\6\ which requires, among
other things, that FINRA rules must be designed to prevent fraudulent
and manipulative acts and practices, to promote just and equitable
principles of trade, and, in general, to protect investors and the
public interest.
---------------------------------------------------------------------------
\6\ 15 U.S.C. 78o-3(b)(6).
---------------------------------------------------------------------------
The proposed rule change will protect investors and the public
interest by eliminating potential confusion and providing greater
regulatory clarity to forum users regarding the rules applicable to
claims filed in the DRS forum as it will retire the old Code, which is
no longer applicable to any arbitration or mediation claims filed in
the DRS forum.
B. Self-Regulatory Organization's Statement on Burden on Competition
FINRA 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 would
retire the old Code that is no longer applicable to any arbitration or
mediation claims filed in the DRS forum and, therefore, would not have
additional economic impacts on FINRA members or their associated
persons.
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
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) of the Act \7\ and Rule 19b-
4(f)(6) thereunder.\8\
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\7\ 15 U.S.C. 78s(b)(3)(A).
\8\ 17 CFR 240.19b-4(f)(6).
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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
Send an email to [email protected]. Please include
file number SR-FINRA-2024-005 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-FINRA-2024-005. 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
[[Page 31231]]
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
a.m. and 3 p.m. Copies of such filing also will be available for
inspection and copying at the principal office of FINRA. Do not include
personal identifiable information in submissions; you should submit
only information that you wish to make available publicly. We may
redact in part or withhold entirely from publication submitted material
that is obscene or subject to copyright protection.
All submissions should refer to file number SR-FINRA-2024-005 and
should be submitted on or before May 15, 2024.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\9\
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\9\ 17 CFR 200.30-3(a)(12).
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Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2024-08688 Filed 4-23-24; 8:45 am]
BILLING CODE 8011-01-P
