Federal Register / Vol. 83, No. 245 / Friday, December 21, 2018 / Notices 65765 

12For purposes of waiving the 30-day operative 

delay, the Commission has considered the proposed 

rule change’s impact on efficiency, competition, 

and capital formation. See 15 U.S.C. 78c(f). 

13 17 CFR 200.30–3(a)(12). 

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

2 17 CFR 240.19b–4. 

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

4 17 CFR 240.19b–4(f)(6). 

5The EMMA IF is currently available on the 

MSRB’s website at http://www.msrb.org/Rules-andInterpretations/MSRB-Rules/Facilities/EMMAFacility.aspx. 

the custody or control of ICE Clear 

Europe or for which it is responsible. 

Waiver of the 30-day operative delay 

would allow ICE Clear Europe to 

immediately update the Business 

Continuity Procedures to reflect the 

current and correct contact information, 

thereby ensuring that Clearing Members 

are able to contact ICE Clear Europe 

during a Business Continuity Event. 

Therefore, the Commission believes that 

waiving the 30-day operative delay is 

consistent with the protection of 

investors and the public interest and 

designates the proposed rule change as 

operative upon filing.12

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. 

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– 

ICEEU–2018–020 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–ICEEU–2018–020. 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 such 

filings will also be available for 

inspection and copying at the principal 

office of ICE Clear Europe and on ICE 

Clear Europe’s website at https://

www.theice.com/clear-europe/ 

regulation. 

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–ICEEU–2018–020 

and should be submitted on or before 

January 11, 2019. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.13

Eduardo A. Aleman, 

Deputy Secretary. 

[FR Doc. 2018–27619 Filed 12–20–18; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–84837; File No. SR–MSRB– 

2018–09] 

Self-Regulatory Organizations; 

Municipal Securities Rulemaking 

Board; Notice of Filing and Immediate 

Effectiveness of a Proposed Rule 

Change to the MSRB’s Facility for the 

Electronic Municipal Market Access 

System (EMMA) 

December 17, 2018. 

Pursuant to Section 19(b)(1) of the 

Securities Exchange Act of 1934 (the 

‘‘Act’’ or ‘‘Exchange Act’’) 1 and Rule 

19b–4 thereunder,2 notice is hereby 

given that on December 7, 2018 the 

Municipal Securities Rulemaking Board 

(the ‘‘MSRB’’ or ‘‘Board’’) filed with the 

Securities and Exchange Commission 

(‘‘Commission’’) the proposed rule 

change as described in Items I, II, and 

III below, which Items have been 

prepared by the MSRB. 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 MSRB filed with the Commission 

a proposed rule change (‘‘proposed rule 

change’’) to the MSRB’s facility for the 

Electronic Municipal Market Access 

system (EMMA®) to modernize and 

consolidate the information facility for 

the EMMA system, which consists of 

the EMMA Primary Market Disclosure 

Service, the EMMA Continuing 

Disclosure Service, the EMMA Trade 

Price Transparency Service and the 

EMMA Short-Term Obligation Rate 

Transparency Service (‘‘EMMA IF’’). 

The MSRB has filed the proposed rule 

change under Section 19(b)(3)(A)(iii) of 

the Act 3 and Rule 19b–4(f)(6) 4

thereunder, as a noncontroversial rule 

change that renders the proposal 

effective upon filing. The proposed rule 

change would be made operative on 

January 10, 2019. 

The text of the proposed rule change 

is available on the MSRB’s website at 

www.msrb.org/Rules-andInterpretations/SEC-Filings/2018- 

Filings.aspx, at the MSRB’s principal 

office, 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 

MSRB 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 MSRB 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 proposed rule change consists of 

amendments to the EMMA IF.5 The 

EMMA IF sets forth the material aspects 

of the operation of the EMMA system by 

describing the basic functionality of, 

and the high-level parameters by which 


amozie on DSK3GDR082PROD with NOTICES1
65766 Federal Register / Vol. 83, No. 245 / Friday, December 21, 2018 / Notices 

6 17 CFR 240.15c2–12. 

7See MSRB Rule G–32, available at: http://

www.msrb.org/Rules-and-Interpretations/MSRBRules/General/Rule-G-32.aspx. 

8See MSRB Form G–32, available at: http://

www.msrb.org/Rules-and-Interpretations/Form-G32.aspx. 

9See Securities Exchange Act Release No. 57577 

(March 28, 2008), 73 FR 18022 (April 2, 2008) (File 

No. SR–MSRB–2007–06) (approving operation of 

the EMMA pilot to provide free public access to the 

MSIL system collection of official statements and 

advance refunding documents and to the MSRB’s 

Real-Time Transaction Reporting System historical 

and real-time transaction price data). 10See Securities Exchange Act Release No. 59061 

(December 5, 2008), 73 FR 75778 (December 12, 

2008) (File No. SR–MSRB–2008–05) (approving the 

continuing disclosure service of the EMMA system 

with an effective date of July 1, 2009). 

11See Securities Exchange Act Release No. 75602 

(August 4, 2015), 80 FR 47976 (August 10, 2015) 

(File No. MSRB–2015–06). 

12See Securities Exchange Act Release No. 83038 

(April 12, 2018), 83 FR 17200 (April 18, 2018) (File 

No. MSRB–2018–02). 

13See Securities Exchange Act Release No. 83885 

(August 20, 2018), 83 FR 44700 (August 31, 2018) 

(File No. MSRB–S7–01–17). 

14As further described in the EMMA IF, a 

submitter means an issuer, obligated person, dealer, 

or agent acting on behalf of an issuer, obligated 

person, or dealer, that has been authorized to 

interface with the EMMA system for the purposes 

of submitting documents and other related 

information into the system. 

15Subscriber refers to an individual or entity that 

receives the dissemination of data from the EMMA 

system through an MSRB subscription service. 

the MSRB operates, the EMMA system. 

The EMMA system is an information 

system for the collection and 

dissemination of municipal securities 

disclosure documents and related 

information. Issuers, obligated persons, 

brokers, dealers, municipal securities 

dealers, and the general public routinely 

interact with the EMMA system, as it is 

the information system that receives, 

displays and disseminates information 

under certain MSRB rules and Exchange 

Act Rule 15c2–12 (‘‘Rule 15c2–12’’),6 as 

promulgated by the SEC. 

For example, MSRB Rule G–32 (‘‘Rule 

G–32’’), on the disclosure obligations of 

brokers, dealers, and municipal 

securities dealers (collectively, 

‘‘dealers’’) in primary offerings, 

generally requires underwriters of a 

primary offering of municipal securities 

to submit the official statement for such 

offering to the EMMA system within 

one business day after receipt of the 

official statement from the issuer or its 

designee, but by no later than the 

closing date.7 Rule G–32 also requires 

that dealers acting as underwriters in 

the primary offering of municipal 

securities to submit information in 

accordance with MSRB Form G–32, 

such as the name of the managing 

underwriter and security type for each 

issue in the offering.8 Rule 15c2–12 

specifies a list of events that certain 

dealers acting as a participating 

underwriter in an offering of municipal 

securities must reasonably determine 

that an issuer or an obligated person has 

undertaken, in a written agreement or 

contract for the benefit of the holders of 

the municipal securities, to provide to 

the MSRB by submission to the EMMA 

system. 

Background 

The EMMA system includes a public 

website, the EMMA Portal, which 

provides free public access to 

disclosures and transparency 

information for municipal securities. 

The EMMA system also includes certain 

paid subscription feeds, which provide 

access to certain documents and 

information for a commercially 

reasonable fee in accordance with the 

terms of a subscription agreement 

between the MSRB and a subscribing 

counterparty. 

The EMMA system began operation 

on March 31, 2008 as a pilot facility of 

the MSRB’s existing Official Statement 

and Advance Refunding Document 

system of the Municipal Securities 

Information Library system.9 On 

December 8, 2008, the MSRB received 

approval from the SEC to establish the 

continuing disclosure service of the 

EMMA system effective as of July 1, 

2009.10 The MSRB’s most recent 

amendment to the EMMA IF was in 

August 2015, which added descriptions 

regarding the core operational hours for 

the EMMA system and the general 

availability of the system.11

The MSRB launched the EMMA 

Portal (emma.msrb.org) in March 2008 

as an online source of key municipal 

market information. The EMMA Portal 

continues to serve as the venue for 

public access to variable rate security 

information, transaction data, primary 

market disclosures and continuing 

disclosures. The MSRB makes available 

its set of official statements and advance 

refunding documents for free on the 

EMMA Portal. The EMMA system has 

been the centralized repository of all 

continuing disclosures in the municipal 

market pursuant to Rule 15c2–12 since 

July 2009. In addition to those 

disclosures specifically identified in 

Rule 15c2–12, the MSRB also provides 

issuers and obligated persons with the 

ability to post additional disclosures 

about their securities to the EMMA 

Portal. 

The purpose of the proposed rule 

change is to revise the EMMA IF to 

harmonize its language with the 

recently revised Real-Time Transaction 

Reporting System (RTRS) information 

facility (‘‘RTRS IF’’),12 as well as to 

modernize and consolidate the EMMA 

IF. Given the revisions to the RTRS IF 

and the SEC’s recent amendments to 

Rule 15c2–12,13 the MSRB performed a 

comprehensive review of the EMMA IF 

to evaluate whether it sufficiently and 

clearly describes the basic functionality 

and operation of the EMMA system. The 

MSRB believes that issuers, obligated 

persons, dealers, other submitters 14 and 

subscribers 15 benefit from this 

information being provided in a concise 

and organized manner. 

Proposed Amendments to the RTRS 

Information Facility 

(i) Consolidating Format and 

Streamlining Redundancies 

The EMMA IF is currently structured 

such that there are separate segmented 

topics within the information facility, 

including separate sections for the 

EMMA Primary Market Disclosure 

Service, EMMA Continuing Disclosure 

Service, EMMA Trade Transparency 

Service, EMMA Short-Term Obligation 

Rate Transparency Service, and EMMA 

subscription services. Many of these 

segmented topics were initially 

designed to stand alone and 

consequently include redundant 

information included elsewhere in the 

EMMA IF. 

The proposed rule change would 

reorganize the EMMA IF by 

streamlining this information repeated 

in each topic section and incorporating 

it into a general introductory section. In 

this way, the proposed amendments 

would consolidate repetitive references 

in the EMMA IF and ensure overall 

consistency within the document. For 

example, the proposed rule change 

would consolidate the descriptions of 

the EMMA Portal, currently repeated 

under multiple topic segments, into a 

distinct description in the information 

facility with its own section. Similarly, 

the proposed amendments would 

consolidate information regarding the 

core operational hours into a single 

description included in the introductory 

section. The proposed rule change also 

consolidates several other repetitive 

references under the various topic 

segments in the EMMA IF. 

The proposed rule change would also 

eliminate certain descriptions regarding 

the EMMA Trade Price Transparency 

Service and the EMMA Short-Term 

Obligation Rate Transparency Service 

that repeat technical descriptions 

already provided in the RTRS IF and the 

Short-Term Obligation Rate 

Transparency (SHORT) information 

facility (‘‘SHORT IF’’). The proposed 

rule change would eliminate this 

redundant information and replace it 


amozie on DSK3GDR082PROD with NOTICES1
Federal Register / Vol. 83, No. 245 / Friday, December 21, 2018 / Notices 65767 

16The EMMA Reporting Specifications are 

currently available on the MSRB’s website, 

including at: http://www.msrb.org/MarketTransparency/Manuals.aspx. 

17The EMMA Subscription Service Specifications 

are currently available on the MSRB’s website at: 

http://www.msrb.org/Market-Transparency/ 

Subscription-Services-and-Products/MSRBContinuing-Disclosure-Subscription.aspx and 

http://www.msrb.org/Market-Transparency/ 

Subscription-Services-and-Products/MSRB-PrimaryMarket-Subscriptions.aspx. 

18 15 U.S.C. 78o–4(b)(2)(C). 

with shorter cross-references to the 

RTRS IF and SHORT IF. This 

amendment would promote consistent 

language across each of the MSRB’s 

information facilities and reduce the 

potential for conflicting descriptions of 

services that overlap among the EMMA 

IF, SHORT IF, and RTRS IF. 

(ii) Consistency of Rule References 

As the EMMA system is the MSRB’s 

facility for the collection of information 

about primary offering and continuing 

disclosures occurring in the municipal 

securities market, the EMMA IF 

includes references to obligations under 

Rule 15c2–12 and Form G–32. The 

proposed rule change would ensure 

that, if regulatory language is 

referenced, the most current language is 

used in the EMMA IF. Similarly, the 

proposed amendments attempt to limit 

the need for filing future amendments to 

the EMMA IF by utilizing language that 

would remain applicable absent a 

material change to an existing regulatory 

obligation. To that end, the proposed 

rule change would eliminate some of 

the narrow detail regarding the 

categories and types of Rule 15c2–12 

disclosure documents that the EMMA IF 

receives. It replaces this language with 

a more general statement, which 

accounts for the new amendments to 

Rule 15c2–12 related to the incurrence 

of a financial obligation and events 

related to financial obligations which 

reflect financial difficulties. 

(iii) Improved Descriptions of EMMA 

Functionality 

As part of its comprehensive review, 

the MSRB analyzed whether aspects of 

the EMMA IF could be enhanced to 

more precisely or concisely describe the 

EMMA system’s functionality and 

operation, while ensuring that the 

EMMA IF continues to appropriately 

describe the basic functionality of and 

the high-level parameters by which the 

MSRB operates the EMMA system. 

One area where the MSRB determined 

that an enhanced description of EMMA 

system functionality would be 

beneficial is in reference to the process 

for posting documents and information 

on display on the EMMA Portal and 

dissemination through the EMMA 

subscription services. The EMMA IF 

frequently references that the EMMA 

system displays and disseminates 

documents and information within 

certain timeframes upon the EMMA 

system’s ‘‘acceptance.’’ The term 

‘‘acceptance’’ could be interpreted to 

suggest that the MSRB formally 

approves or otherwise reviews the 

substantive content of a submission 

prior to its display or dissemination 

through the EMMA Portal or that the 

documents and information submitted 

are directly displayed or disseminated 

without further processing. The 

proposed amendments would uniformly 

revise this language to clarify that 

documents and information are posted 

on the EMMA Portal promptly following 

the processing of a submission through 

the EMMA system. For purposes of the 

EMMA IF, promptly shall mean within 

15 minutes following the successful 

intake of the data by the EMMA system, 

transformation of such data for 

operational usability, and storage for 

effective retrieval for display or 

dissemination to users of the EMMA 

Portal and, as applicable, to licensed 

subscribers of EMMA subscription 

services (‘‘processing’’). This 

clarification better describes the EMMA 

system’s ministerial function of 

intaking, displaying and disseminating 

documents and information. This 

description also reflects the fact that, 

prior to display and dissemination, the 

EMMA system, among other things, 

conducts routine format checks, 

validates the submitter, and may 

timestamp the data, but does not 

conduct a more formal review accepting 

the substantive content of the 

documents and information submitted. 

Notably, this change is consistent with 

the recent amendments to the RTRS IF, 

which now states that real-time 

dissemination for RTRS functionality 

occurs ‘‘promptly following processing 

in RTRS.’’ 

(iv) Removal of Certain Technical and 

Ancillary Information 

Given that the purpose of the EMMA 

IF is to set forth the material aspects of 

the EMMA system’s operation, highly 

technical and ancillary information 

regarding the EMMA system is more 

appropriately provided in the EMMA 

User Guide and similar documents that 

the MSRB maintains on its publicly 

available website (msrb.org). 

The MSRB maintains several 

specification documents for the EMMA 

system, including the EMMA User 

Guide, Primary Market Submission 

Manual, Primary Market Submission 

Specifications, Preliminary Official 

Statement Submission Specifications, 

Continuing Disclosure Submission 

Manual, Continuing Disclosure 

Submission Specifications, and others 

(collectively, the ‘‘EMMA Reporting 

Specifications’’). The EMMA Reporting 

Specifications documents are available 

on the MSRB’s publicly available 

website.16 The EMMA Reporting 

Specifications provide detailed 

information regarding, among other 

things, user guides for website 

submission interfaces and input 

specifications for computer-to-computer 

submission. Similarly, the 

Specifications for EMMA Primary 

Market Disclosure Subscription Service, 

the Specifications for the MSRB 

Continuing Disclosure Subscription 

Service, and other EMMA subscription 

specifications (collectively, the ‘‘EMMA 

Subscription Service Specifications’’) 

provide specifications and requirements 

to access, retrieve and understand 

EMMA subscription services.17 The 

MSRB also maintains an MSRB 

Subscription Services Price List on its 

website to inform interested individuals 

about the pricing for EMMA 

subscription services. 

The proposed rule change would 

remove certain technical and ancillary 

information from the EMMA IF that is 

presented in the EMMA Reporting 

Specifications, EMMA Subscription 

Services Specifications, and MSRB 

Subscription Services Price List. The 

removal of such information will 

streamline the EMMA IF by only 

presenting the information that is 

necessary to describe the material 

aspects of the operation of the EMMA 

system. 

2. Statutory Basis 

The MSRB believes that the proposed 

rule change is consistent with the 

provisions of Section 15B(b)(2)(C) of the 

Act,18 which provides that the MSRB’s 

rules shall: 

. . . be designed to prevent fraudulent and 

manipulative acts and practices, to promote 

just and equitable principles of trade, to 

foster cooperation and coordination with 

persons engaged in regulating, clearing, 

settling, processing information with respect 

to, and facilitating transactions in municipal 

securities and municipal financial products, 

to remove impediments to and perfect the 

mechanism of a free and open market in 

municipal securities and municipal financial 

products, and, in general, to protect 

investors, municipal entities, obligated 

persons, and the public interest. 

The proposed rule change would 

contribute to the MSRB’s continuing 

efforts to improve market transparency 

by providing greater transparency 


amozie on DSK3GDR082PROD with NOTICES1
65768 Federal Register / Vol. 83, No. 245 / Friday, December 21, 2018 / Notices 

19 Id. 

20 15 U.S.C. 78s(b)(3)(A). 

21 17 CFR 240.19b–4(f)(6). 22 17 CFR 200.30–3(a)(12). 

regarding the material functionality and 

operations of the EMMA system. As the 

EMMA system disseminates information 

about transactions occurring in the 

municipal securities market, any 

improvement with respect to the 

understanding of how the EMMA 

system operates will further perfect the 

mechanism of a free and open market in 

municipal securities. In addition, the 

clarifying amendments to the EMMA IF 

serve to foster the cooperation and 

coordination with persons engaged in 

regulating, clearing, settling, processing 

information with respect to, and 

facilitating transactions in municipal 

securities and municipal financial 

products, by making it more likely that 

the market is promptly provided with 

the latest information. 

Specifically, the proposed 

amendments would increase the clarity 

and precision with respect to the 

description of basic EMMA system 

functionality and the high-level 

parameters by which the MSRB operates 

the EMMA system. The MSRB believes 

that issuers, obligated persons, dealers, 

other submitters and subscribers will 

benefit from a clearer understanding of 

this information. While additional 

technical information regarding the 

EMMA system is set forth in the EMMA 

Reporting Specifications, the EMMA 

Subscription Services Specifications, 

and other similar documents that the 

MSRB maintains, the MSRB believes 

that it is important that material 

information regarding the EMMA 

system be clearly described in the 

EMMA IF. The proposed rule change 

serves this purpose. 

B. Self-Regulatory Organization’s 

Statement on Burden on Competition 

Section 15B(b)(2)(C) of the Act 19

requires that MSRB rules not be 

designed to impose any burden on 

competition not necessary or 

appropriate in furtherance of the 

purposes of the Act. The proposed rule 

change consists of revisions to the 

EMMA IF to better align the language of 

the information facility to the MSRB’s 

administration of the EMMA system. 

The proposed rule change seeks to 

clarify existing services and make minor 

changes of a technical nature to the 

information facility, including certain 

revisions resulting from recent 

amendments to Rule 15c2–12. The 

proposed rule change will not 

substantively modify the manner in 

which the MSRB administers the 

EMMA system in collecting and 

disseminating information about 

municipal securities. Accordingly, the 

MSRB 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 Act. 

C. Self-Regulatory Organization’s 

Statement on Comments on the 

Proposed Rule Change Received From 

Members, Participants, or Others 

The Board did not solicit comment on 

the proposed change. Therefore, there 

are no comments on the proposed rule 

change received from members, 

participants or others. 

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 20 and Rule 19b– 

4(f)(6) thereunder.21

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. 

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– 

MSRB–2018–09 on the subject line. 

Paper Comments 

• Send paper comments in triplicate 

to Secretary, Securities and Exchange 

Commission, 100 F Street NE, 

Washington, DC 20549. 

All submissions should refer to File 

Number SR–MSRB–2018–09. 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 MSRB. 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–MSRB–2018–09 and should 

be submitted on or before January 11, 

2019. 

For the Commission, pursuant to delegated 

authority.22

Eduardo A. Aleman, 

Deputy Secretary. 

[FR Doc. 2018–27615 Filed 12–20–18; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

Sunshine Act Meetings 

FEDERAL REGISTER CITATION OF PREVIOUS

ANNOUNCEMENT: 83 FR 64630, 17 

December 2018. 

PREVIOUSLY ANNOUNCED TIME AND DATE OF

THE MEETING: Wednesday, December 19, 

2018 at 10:00 a.m. 

CHANGES IN THE MEETING: The following 

item will not be considered during the 

Open Meeting on Wednesday, December 

19, 2018: 

• Whether to adopt rules to 

implement Section 955 of the DoddFrank Wall Street Reform and Consumer 

Protection Act by requiring disclosure 

about the ability of a company’s 

employees or directors to hedge or offset 


amozie on DSK3GDR082PROD with NOTICES1