64612 Federal Register / Vol. 83, No. 241 / Monday, December 17, 2018 / Notices 

3Securities Exchange Act Release No. 84516 

(November 1, 2018), 83 FR 55771 (November 7, 

2018) (SR–ISE–2018–91). 

4 15 U.S.C. 78f(b). 

5 15 U.S.C. 78f(b)(5). 

6 15 U.S.C. 78s(b)(3)(A)(iii). 

7 17 CFR 240.19b–4(f)(6). In addition, Rule 19b– 

4(f)(6) requires a self-regulatory organization to give 

the Commission written notice of its intent to file 

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. 

8 17 CFR 200.30–3(a)(12). 

1 15 U.S.C. 78s(b)(1). 

2 17 CFR 240.19b–4. 

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 

GEMX rules at Section 22, titled 

‘‘Rate-Modified Foreign Currency 

Options Rules’’ incorporate by reference 

Nasdaq ISE, LLC (‘‘ISE’’) Chapter 22. ISE 

recently filed to delete Section 22 from 

its Rulebook.3 At this time, the 

Exchange proposes to delete the text at 

Section 22 of GEMX rules as the ISE 

rule no longer exists and there is no rule 

to incorporate by reference. 

2. Statutory Basis 

The Exchange believes that its 

proposal is consistent with Section 6(b) 

of the Act,4 in general, and furthers the 

objectives of Section 6(b)(5) of the Act,5

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, by 

eliminating rule text within GEMX’s 

Rulebook which redirects GEMX 

Members to a non-existent ISE section 

of rules for listing and trading FCOs. 

The Exchange [sic] recently 

eliminated ISE rules at Section 22. 

GEMX Section 22 incorporated by 

reference ISE Section 22. GEMX 

proposes to remove the text at Section 

22 to avoid confusion. 

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. The 

Exchange does not believe that 

eliminating the GEMX Section 22 rules 

will create an undue burden on intramarket competition because this rule set 

directs GEMX Members to a nonexistent 

ISE section of 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 6 and 

subparagraph (f)(6) of Rule 19b–4 

thereunder.7

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 (http://www.sec.gov/ 

rules/sro.shtml); or 

• Send an email to rule-comments@

sec.gov. Please include File Number SR– 

GEMX–2018–41 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–GEMX–2018–41. 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 (http://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–GEMX–2018–41 and 

should be submitted on or before 

January 7, 2019. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.8

Eduardo A. Aleman, 

Deputy Secretary. 

[FR Doc. 2018–27204 Filed 12–14–18; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–84790; File No. SR–MRX– 

2018–38] 

Self-Regulatory Organizations; Nasdaq 

MRX, LLC; Notice of Filing and 

Immediate Effectiveness of Proposed 

Rule Change to MRX Section 22 of the 

Rulebook 

December 11, 2018. 

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 November 

29, 2018, Nasdaq MRX, LLC (‘‘MRX’’ or 


amozie on DSK3GDR082PROD with NOTICES1
Federal Register / Vol. 83, No. 241 / Monday, December 17, 2018 / Notices 64613 

3Securities Exchange Act Release No. 84516 

(November 1, 2018), 83 FR 55771 (November 7, 

2018) (SR–ISE–2018–91). 

4 15 U.S.C. 78f(b). 

5 15 U.S.C. 78f(b)(5). 

6 15 U.S.C. 78s(b)(3)(A)(iii). 

7 17 CFR 240.19b–4(f)(6). In addition, Rule 19b– 

4(f)(6) requires a self-regulatory organization to give 

the Commission written notice of its intent to file 

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. 

‘‘Exchange’’) 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 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 a proposal 

to delete MRX Section 22 of the 

Rulebook entitled ‘‘Rate-Modified 

Foreign Currency Options Rules.’’ 

The text of the proposed rule change 

is available on the Exchange’s website at 

http://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 

MRX rules at Section 22, titled ‘‘RateModified Foreign Currency Options 

Rules’’ incorporate by reference Nasdaq 

ISE, LLC (‘‘ISE’’) Chapter 22. ISE 

recently filed to delete Section 22 from 

its Rulebook.3 At this time, the 

Exchange proposes to delete the text at 

Section 22 of MRX rules as the ISE rule 

no longer exists and there is no rule to 

incorporate by reference. 

2. Statutory Basis 

The Exchange believes that its 

proposal is consistent with Section 6(b) 

of the Act,4 in general, and furthers the 

objectives of Section 6(b)(5) of the Act,5

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, by 

eliminating rule text within MRX’s 

Rulebook which redirects MRX 

Members to a non-existent ISE section 

of rules for listing and trading FCOs. 

The Exchange [sic] recently eliminate 

[sic] ISE rules at Section 22. MRX 

Section 22 incorporated by reference 

ISE Section 22. MRX proposes to 

remove the text at Section 22 to avoid 

confusion. 

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. The 

Exchange does not believe that 

eliminating the MRX Section 22 rules 

will create an undue burden on intramarket competition because this rule set 

directs MRX Members to a nonexistent 

ISE section of 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 6 and 

subparagraph (f)(6) of Rule 19b–4 

thereunder.7

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 (http://www.sec.gov/ 

rules/sro.shtml); or 

• Send an email to rule-comments@

sec.gov. Please include File Number SR– 

MRX–2018–38 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–2018–38. 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 (http://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–2018–38 and should 


amozie on DSK3GDR082PROD with NOTICES1
64614 Federal Register / Vol. 83, No. 241 / Monday, December 17, 2018 / Notices 

8 17 CFR 200.30–3(a)(12). 

1 15 U.S.C.78s(b)(1). 

2 15 U.S.C. 78a. 

3 17 CFR 240.19b–4. 

4An open-end investment company that issues 

Units, listed and traded on the Exchange under 

NYSE Arca Rule 5.2–E(j)(3), seeks to provide 

investment results that correspond generally to the 

price and yield performance of a specific foreign or 

domestic stock index, fixed income securities index 

or combination thereof. 

5The Commission previously has approved a 

proposed rule change to facilitate listing and 

trading of Shares of the Fund on the Exchange in 

Securities Exchange Act Release No. 82295 

(December 12, 2017), 82 FR 60056 (December 18, 

2017) (SR–NYSEArca–2017–56) (Notice of Filing of 

Amendment No. 3 and Order Granting Accelerated 

Approval of a Proposed Rule Change, as Modified 

by Amendment No. 3, to List and Trade Shares of 

Twelve Series of Investment Company Units 

Pursuant to NYSE Arca Rule 5.2–E(j)(3)) (‘‘Approval 

Order’’). See also, Amendment 3 to SR–NYSEArca– 

2017–56 at https://www.sec.gov/comments/srnysearca-2017-56/nysearca201756-2714674- 

161523.pdf. In addition, the Commission also has 

approved other proposed rule changes relating to 

listing and trading of funds based on municipal 

bond indexes. See, e.g., Securities Exchange Act 

Release Nos. 67985 (October 4, 2012), 77 FR 61804 

(October 11, 2012) (SR–NYSEArca–2012–92) (order 

approving proposed rule change to list and trade 

the iShares 2018 S&P AMT-Free Municipal Series 

and iShares 2019 S&P AMT-Free Municipal Series 

under NYSE Arca Rule 5.2(j)(3), Commentary .02); 

72523 (July 2, 2014), 79 FR 39016 (July 9, 2014) 

(SR–NYSEArca–2014–37) (order approving 

proposed rule change to list and trade iShares 2020 

S&P AMT-Free Municipal Series under NYSE Arca 

Rule 5.2(j)(3), Commentary .02); and 75468 (July 16, 

2015), 80 FR 43500 (July 22, 2015) (SR–NYSEArca– 

2015–25) (order approving proposed rule change to 

list and trade the iShares iBonds Dec 2021 AMTFree Muni Bond ETF and iShares iBonds Dec 2022 

AMT-Free Muni Bond ETF under NYSE Arca Rule 

5.2(j)(3), Commentary .02); 63881 (February 9, 

2011), 76 FR 9065 (February 16, 2011) (SR– 

NYSEArca–2010–120) (order approving proposed 

rule change to list and trade shares of the SPDR 

Nuveen S&P High Yield Municipal Bond Fund 

under Commentary .02 of NYSE Arca Rule 5.2– 

E(j)(3)). The Commission has issued notices of filing 

and immediate effectiveness of proposed rule 

changes relating to certain series of Units under 

NYSE Arca Rule 5.2–E(j)(3) and Managed Fund 

Shares under NYSE Arca Rule 8.600–E. See, e.g., 

Securities Exchange Act Release Nos. 83982 

(August 29, 2018), 83 FR 45168 (September 5, 2018) 

(SR–NYSEArca–2018–62) (Notice of Filing and 

Immediate Effectiveness of Proposed Rule Change 

Relating to Listing and Trading of Shares of the 

American Century Diversified Municipal Bond ETF 

under NYSE Arca Rule 8.600–E); 84379 (October 5, 

2018), 83 FR 51724 (October 12, 2018) (SR– 

NYSEArca–2018–73) (Notice of Filing and 

Immediate Effectiveness of Proposed Rule Change 

Relating to Listing and Trading of Shares of the 

First Trust Short Duration Managed Municipal ETF 

under NYSE Arca Rule 8.600–E); 84381 (October 5, 

2018), 83 FR 51111752 (October 12, 2018) (SR– 

NYSEArca–2018–72) (Notice of Filing and 

Immediate Effectiveness of Proposed Rule Change 

Relating to Listing and Trading of Shares of the 

First Trust Ultra Short Duration Municipal ETF 

under NYSE Arca Rule 8.600–E); 84396 (October 

10, 2018), 83 FR 52266 (October 16, 2018) (SR– 

NYSEArca–2018–70) (Notice of Filing and 

Immediate Effectiveness of Proposed Rule Change 

Relating to Listing and Trading of Shares of the 

iShares iBond Dec 2026 Term Muni Bond ETF 

Under Commentary .02 to NYSE Arca Rule 5.2– 

E(j)(3)). 

6The Trust is registered under the Investment 

Company Act of 1940 (15 U.S.C. 80a–1) (‘‘1940 

Act’’). On October 31, 2018, the Trust filed with the 

Commission an amendment to its registration 

statement on Form N–1A under the Securities Act 

of 1933 (15 U.S.C. 77a) (‘‘Securities Act’’), and 

under the 1940 Act relating to the Fund (File Nos. 

333–57793 and 811–08839) (‘‘Registration 

Statement’’). The description of the operation of the 

Trust and the Fund herein is based, in part, on the 

Registration Statement and the Prospectus 

Supplement. In addition, the Commission has 

issued an order granting certain exemptive relief to 

the Trust under the 1940 Act. See Investment 

Company Act Release No. 29524 (December 13, 

2010) (File No. 812–13487) (‘‘Exemptive Order’’). 

7The Trust represents that it will not implement 

the proposed change to the index underlying the 

Fund until this proposed rule change is effective 

and operative. 

be submitted on or before January 7, 

2019. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.8

Eduardo A. Aleman, 

Deputy Secretary. 

[FR Doc. 2018–27202 Filed 12–14–18; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–84786; File No. SR– 

NYSEArca-2018–88] 

Self-Regulatory Organizations; NYSE 

Arca, Inc.; Notice of Filing and 

Immediate Effectiveness of Proposed 

Rule Change To Reflect a Change to 

the Benchmark Index of the SPDR 

Nuveen Bloomberg Barclays Municipal 

Bond ETF 

December 11, 2018. 

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 

November 28, 2018, NYSE Arca, Inc. 

(the ‘‘Exchange’’ or ‘‘NYSE Arca’’) 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. 

I. Self-Regulatory Organization’s 

Statement of the Terms of Substance of 

the Proposed Rule Change 

The Exchange proposes to reflect a 

change to the benchmark index for the 

SPDR Nuveen Bloomberg Barclays 

Municipal Bond ETF, shares of which 

are currently listed and traded on the 

Exchange pursuant to NYSE Arca Rule 

5.2–E(j)(3), Commentary .02. The 

proposed rule change is available on the 

Exchange’s website at www.nyse.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 those 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 parts of such 

statements. 

A. Self-Regulatory Organization’s 

Statement of the Purpose of, and the 

Statutory Basis for, the Proposed Rule 

Change 

1. Purpose 

The Exchange proposes to reflect a 

change to the benchmark index for the 

SPDR Nuveen Bloomberg Barclays 

Municipal Bond ETF (the ‘‘Fund’’), 

shares (‘‘Shares’’) of which are currently 

listed and traded on the Exchange 

pursuant to NYSE Arca Rule 5.2–E(j)(3), 

Commentary .02, which governs the 

listing and trading of Investment 

Company Units (‘‘Units’’) 4 based on 

fixed income securities indexes.5 The 

Fund is a series of the SPDR Series 

Trust (‘‘Trust’’). 

As discussed below, the Exchange is 

submitting this proposed rule change to 

change the listing requirements 

applicable to the Fund as set forth in the 

Approval Order. Specifically, the 

Exchange proposes to change the 

benchmark index for the Fund to the 

‘‘New Index’’ (as defined below). 

Description of the Shares and the Fund 

As stated in the Approval Order, the 

Fund seeks to provide investment 

results that, before fees and expenses, 

correspond generally to the price and 

yield performance of the Bloomberg 

Barclays Municipal Managed Money 

Index (‘‘Current Index’’) which tracks 

the U.S. municipal bond market. The 

Trust, in a November 6, 2018 

supplement to the Fund’s prospectus 

(‘‘Prospectus Supplement’’), stated that, 

effective December 3, 2018, the new 

benchmark index for the Fund will be 

the Bloomberg Barclays Municipal 

Managed Money 1–25 Years Index 

(‘‘New Index’’).6 The New Index is the 

sub-set of the Current Index with 

effective maturities of 1–25 years. 7 The 


amozie on DSK3GDR082PROD with NOTICES1