Federal Register / Vol. 83, No. 116 / Friday, June 15, 2018 / Notices 28045 

proposed rule’s impact on efficiency, competition, 

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

25 15 U.S.C. 78s(b)(2)(B). 

26 17 CFR 200.30–3(a)(12). 

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

2 17 CFR 240.19b–4. 

3 17 CFR 240.19b–4(f)(6). 

4See infra note 8. 

5See infra notes 10 and 11. The Commission 

notes that the exhibits referenced are exhibits to the 

proposed rule change, not to this Notice. 

At any time within 60 days of the 

filing of such proposed rule change, the 

Commission summarily may 

temporarily suspend such rule change if 

it appears to the Commission that such 

action is necessary or appropriate in the 

public interest, for the protection of 

investors, or otherwise in furtherance of 

the purposes of the Act. If the 

Commission takes such action, the 

Commission shall institute proceedings 

under Section 19(b)(2)(B) 25 of the Act to 

determine whether the proposed rule 

change should be approved or 

disapproved. 

IV. Solicitation of Comments 

Interested persons are invited to 

submit written data, views, and 

arguments concerning the foregoing, 

including whether the proposed rule 

change is consistent with the Act. 

Comments may be submitted by any of 

the following methods: 

Electronic Comments 

• Use the Commission’s internet 

comment form (http://www.sec.gov/ 

rules/sro.shtml); or 

• Send an email to rule-comments@

sec.gov. Please include File Number SR– 

NYSEAMER–2018–23 on the subject 

line. 

Paper Comments 

• Send paper comments in triplicate 

to Brent J. Fields, Secretary, Securities 

and Exchange Commission, 100 F Street 

NE, Washington, DC 20549–1090. 

All submissions should refer to File 

Number SR–NYSEAMER–2018–23. 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–NYSEAMER–2018–23 and 

should be submitted on or before July 6, 

2018. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.26

Eduardo A. Aleman, 

Assistant Secretary. 

[FR Doc. 2018–12851 Filed 6–14–18; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–83407; File No. SR–FINRA– 

2018–024] 

Self-Regulatory Organizations; 

Financial Industry Regulatory 

Authority, Inc.; Notice of Filing and 

Immediate Effectiveness of a Proposed 

Rule Change To Amend Security 

Futures Risk Disclosure Statement To 

Reflect the T+2 Settlement Cycle, 

Incorporate Prior Supplements, and 

Make Other Non-Substantive Changes 

June 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 June 7, 

2018, 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 

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 update the 

2002 security futures risk disclosure 

statement (‘‘2002 Statement’’ or 

‘‘Statement’’) 4 that would incorporate 

prior supplements pertaining to 

Sections 5.2 (Settlement by Physical 

Delivery) and 8.1 (Corporate Events),5

make a technical change to Section 5.2 

to reflect that the normal clearance and 

settlement cycle for securities 

transaction is now two business days, 

amend Section 6.1 (Protections for 

Securities Accounts) to reflect the 

current address for the Securities 

Investor Protection Corporation 

(‘‘SIPC’’), and make other nonsubstantive and technical changes. 

FINRA is not proposing any textual 

changes to FINRA rules. 

The proposed updated Statement is 

attached as Exhibit 3a. The proposed 

supplement pertaining to changes to the 

specified paragraphs under Sections 5.2 

and 6.1, and the proposed nonsubstantive and technical changes to the 

other Sections as described herein are 

attached as Exhibit 3b. 

The text [sic] of the proposed rule 

change is available on FINRA’s website 

at http://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 

Rule 2370(b)(11)(A) requires a 

member to deliver the current security 

futures risk disclosure statement to each 

customer at or prior to the time such 

customer’s account is approved for 


sradovich on DSK3GMQ082PROD with NOTICES
28046 Federal Register / Vol. 83, No. 116 / Friday, June 15, 2018 / Notices 

6 In general, the security futures risk disclosure 

statement provides customers with disclosures 

regarding the characteristics and potential risks of 

investing in standardized security futures contracts 

traded on regulated U.S. exchanges. 

7See Information Notice, September 7, 2010 

(August 2010 Supplement to the Security Futures 

Risk Disclosure Statement); see also Regulatory 

Notice 14–24 (May 2014) (stating, a member may 

separately distribute new supplements to such 

customers and that a member is not required to 

redistribute the entire Statement or earlier 

supplements). 

8See Securities Exchange Act Release No. 46862 

(November 20, 2002), 67 FR 70993 (November 27, 

2002) (Order Approving File No. SR–NASD–2002– 

129); see also Securities Exchange Act Release No. 

46613 (October 7, 2002), 67 FR 64176 (October 17, 

2002) (Notice of Filing and Effectiveness of File No. 

SR–NFA–2002–05). 

9See infra notes 10 and 11. 

10See Securities Exchange Act Release No. 62787 

(August 27, 2010), 75 FR 53998 (September 2, 2010) 

(Notice of Filing and Immediate Effectiveness of 

File No. SR–FINRA–2010–045). 

11See Securities Exchange Act Release No. 71981 

(April 21, 2014), 79 FR 23034 (April 25, 2014) 

(Notice of Filing and Immediate Effectiveness of 

File No. SR–FINRA–2014–019). 

12See generally Securities Exchange Act Release 

No. 62787 (August 27, 2010), 75 FR 53998 

(September 2, 2010) (Notice of Filing and 

Immediate Effectiveness of File No. SR–FINRA– 

2010–045) and Securities Exchange Act Release No. 

62624 (August 2, 2010), 75 FR 47666 (August 6, 

2010) (Notice of Filing and Immediate Effectiveness 

of File No. SR–NFA–2010–02). 

13See Securities Exchange Act Release No. 80295 

(March 22, 2017), 82 FR 15564 (March 29, 2017) 

(Securities Transaction Settlement Cycle; Final 

Rule) (File No. S7–22–16); see also Securities 

Exchange Act Release No. 80004 (February 9, 2017), 

82 FR 10835 (February 15, 2017) (Order Approving 

File No. SR–FINRA–2016–047) and Securities 

Exchange Act Release No. 80004A (March 6, 2017), 

82 FR 13517 (March 13, 2017) (Correction to Order 

Approving File No. SR–FINRA–2016–047); and 

Regulatory Notice 17–19 (May 2017). 

14See Securities Investor Protection Corporation, 

Contact Us, https://www.sipc.org/contact-us (last 

visited June 6, 2018). 

15For example, FINRA is proposing to make one 

stylistic change that would spell ‘‘broker/dealer’’ as 

‘‘broker-dealer’’ throughout the Statement. FINRA 

anticipates this conforming change to be made to 

NFA’s Statement. 

trading security futures.6 Thereafter, the 

member must distribute each new or 

revised security futures risk disclosure 

statement to each customer having an 

account approved for such trading or, in 

the alternative, not later than the time 

a confirmation of a transaction is 

delivered to each customer that enters 

into a security futures transaction. The 

rule requires FINRA to advise members 

when a new or revised security futures 

risk disclosure statement is available. To 

comply with the requirements of Rule 

2370(b)(11)(A), a member may distribute 

the new or revised statement (i.e., 

supplement) in various ways, including, 

but not limited to: (1) Conducting a 

mass mailing of the supplement to all of 

its customers approved to trade security 

futures who have already received the 

Statement; or (2) distributing the 

supplement to a customer who has 

already received the Statement not later 

than the time a confirmation of a 

transaction is delivered to each 

customer that enters into a security 

futures transaction.7

The Statement is a uniform statement 

that was jointly developed by FINRA, 

the American Stock Exchange, the 

Chicago Board Options Exchange 

(‘‘Cboe’’), the National Futures 

Association (‘‘NFA’’), Nasdaq Liffe 

Markets, the New York Stock Exchange, 

OneChicago, and the Options Clearing 

Corporation (‘‘OCC’’), and approved by 

the SEC in 2002.8 Two supplements 

were added to the 2002 Statement in 

2010 and 2014, and they are intended to 

be read in conjunction with Statement.9

The 2010 supplement 10 revised the 

third paragraph under Section 8.1 of the 

Statement to accommodate changes by 

OneChicago, an exchange listing 

security futures products, to list a class 

of security futures for which 

adjustments are made for ordinary 

dividends. The 2010 supplemental 

paragraph reads as follows: 

Corporate issuers also occasionally issue 

special dividends. A special dividend is an 

announced cash dividend payment outside 

the normal and customary practice of a 

corporation. The terms of a security futures 

contract may be adjusted for special 

dividends. The adjustments, if any, will be 

based upon the rules of the exchange and 

clearing organization. In general, there will 

be no adjustments for ordinary dividends as 

they are a normal and customary practice of 

an issuer and are already accounted for in the 

pricing of security futures. However, 

adjustments for ordinary dividends may be 

made for a specified class of security futures 

contracts based on the rules of the exchange 

and the clearing organization. 

The 2014 supplement 11 revised the 

first paragraph under Section 5.2 of the 

Statement to accommodate changes by 

OneChicago to list a product with a 

physical delivery settlement cycle 

shorter than three business days. The 

2014 supplemental paragraph also 

indicates that the normal clearance and 

settlement cycle for securities 

transactions is three business days and 

reads as follows: 

Settlement by physical delivery is carried 

out by clearing brokers or their agents with 

National Securities Clearing Corporation 

(‘‘NSCC’’), an SEC-regulated securities 

clearing agency. Such settlements are made 

in much the same way as they are for 

purchases and sales of the underlying 

security. Promptly after the last day of 

trading, the regulated exchange’s clearing 

organization will report a purchase and sale 

of the underlying stock at the previous day’s 

settlement price (also referred to as the 

‘‘invoice price’’) to NSCC. In general, if NSCC 

does not reject the transaction by a time 

specified in its rules, settlement is effected 

pursuant to the rules of the exchange and 

NSCC’s Rules and Procedures within the 

normal clearance and settlement cycle for 

securities transactions, which currently is 

three business days. However, settlement 

may be effected on a shorter timeframe based 

on the rules of the exchange and subject to 

NSCC’s Rules and Procedures. 

FINRA is proposing to update the 

2002 Statement in several ways. First, 

the proposed update to the Statement 

would incorporate the 2010 supplement 

pertaining to Section 8.1, with one 

corrective non-substantive change, into 

the main body of the Statement. The 

proposed non-substantive change would 

insert the words, ‘‘recognized as,’’ 

within the fifth sentence in the third 

paragraph under Section 8.1 as these 

words were inadvertently omitted from 

the 2010 supplement. The proposed 

insertion of the words, ‘‘recognized as,’’ 

would correct the sentence to read as 

follows: ‘‘In general, there will be no 

adjustments for ordinary dividends as 

they are recognized as a normal and 

customary practice of an issuer and are 

already accounted for in the pricing of 

security futures.’’ This proposed 

insertion of the words, ‘‘recognized as,’’ 

would make the sentence identical to 

the fifth sentence in the third paragraph 

under Section 8.1 of NFA’s Statement.12

Second, the proposed updated 

Statement would incorporate the 2014 

supplement pertaining to Section 5.2, 

with one technical change, into the 

main body of the Statement. The 

proposed technical change would 

indicate that the normal clearance and 

settlement cycle for securities 

transactions is now two business days 

by replacing the word ‘‘three’’ with the 

word ‘‘two’’ in the phrase ‘‘three 

business days.’’ 13

Third, Section 6.1 of the Statement 

currently provides that a customer may 

check whether a firm is a SIPC member 

by accessing SIPC’s website at 

www.sipc.org, calling the SIPC 

Membership Department at (202) 371– 

8300, or writing to the SIPC 

Membership Department at 805 

Fifteenth Street NW, Suite 800, 

Washington, DC 20005–2215. FINRA is 

proposing to amend the second 

paragraph under Section 6.1 to reflect 

that SIPC’s address is now 1667 K Street 

NW, Suite 1000, Washington, DC 

20006–1620.14 The website address and 

telephone number would remain 

unchanged. 

Finally, FINRA is proposing to 

incorporate other non-substantive and 

technical changes into the proposed 

updated Statement.15 FINRA is 

proposing to correct a cross-reference 

appearing within the last sentence in 


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Federal Register / Vol. 83, No. 116 / Friday, June 15, 2018 / Notices 28047 

16Currently, the last sentence in the second 

paragraph under Section 2.4 directs the reader to 

refer to Section 9 for further discussion of the 

impact of corporate events on a security futures 

contract. Section 8.1 is the appropriate crossreference as Section 9 contains the Statement’s 

glossary of terms. 

17See Security Futures Risk Disclosure Statement 

(June 2016) brochure, http://www.finra.org/sites/ 

default/files/Security_Futures_Risk_Disclosure_

Statement.pdf, posted in its current design to the 

FINRA website on June 23, 2016, http://

www.finra.org (enter ‘‘security futures risk 

disclosure statement’’ in the search bar). 

18See FINRA’s Security Futures Topic Page, 

http://www.finra.org/industry/security-futures (last 

visited June 6, 2018). 

19See supra note 7 and accompanying text. 

20See NFA’s Risk Disclosure Statement for 

Security Futures Contracts, https://

www.nfa.futures.org/investors/investor-resources/ 

files/security-futures-disclosure.pdf. See also 

Securities Exchange Act Release No. 62624 (August 

2, 2010), 75 FR 47666 (August 6, 2010) (Notice of 

Filing and Immediate Effectiveness of File No. SR– 

NFA–2010–02) and Securities Exchange Act 

Release No. 71980 (April 21, 2014), 79 FR 23027 

(April 25, 2014) (Notice of Filing and Immediate 

Effectiveness of File No. SR–NFA–2014–02). 

21See Cboe’s Risk Disclosure Statement for 

Security Futures, http://cfe.cboe.com/about-cfe/ 

risk-disclosure-security-futures (linking to NFA’s 

Statement, https://www.nfa.futures.org/investors/ 

investor-resources/files/security-futuresdisclosure.pdf) and OneChicago’s Risk Disclosure 

Statement for Security Futures Contracts (RDS), 

https://www.onechicago.com/?page_id=91. See also 

the OCC’s Risk Disclosure Statement for Security 

Futures Contracts, https://www.theocc.com/about/ 

publications/kids.jsp (Key Information Documents, 

linking to NFA’s Statement, https://

www.nfa.futures.org/investors/investor-resources/ 

files/security-futures-disclosure.pdf). 

22The Statement, in its original language 

approved by the SEC in 2002, would remain 

accessible on FINRA’s website for those members 

whose customers may still refer to the original 

version of the Statement. The Statement, however, 

would bear a notation that an updated version of 

the Statement, which incorporates the paragraphs 

specified in the 2018 supplement, is available. 

23The 2010 and 2014 supplements would remain 

accessible on FINRA’s website with a notation that 

these paragraphs, as updated, appear in the 2018 

supplement. 

24 15 U.S.C. 78o–3(b)(6). 

25See Securities Act Release No. 7288 (May 9, 

1996), 61 FR 24644 (May 15, 1996) and Securities 

Act Release No. 7233 (October 6, 1995), 60 FR 

53458 (October 13, 1995). 

26See Notice to Members 98–3 (January 1998). 

27See Information Notice, September 7, 2010 

(August 2010 Supplement to the Security Futures 

Risk Disclosure Statement). 

the second paragraph under Section 2.4 

(How Security Futures Differ from the 

Underlying Security),16 and to remove 

the extraneous word, ‘‘apply,’’ 

appearing within the first sentence in 

the second paragraph under Section 8.2 

(Position Limits and Large Trader 

Reporting). FINRA expects conforming 

changes to be made to NFA’s Statement. 

Currently, the 2002 Statement, to 

which the 2010 and 2014 supplements 

are appended, is posted on FINRA’s 

website,17 and the 2010 and 2014 

supplements are also posted on the 

website 18 as separate documents to 

facilitate a member’s compliance with 

Rule 2370(b)(11)(A). In accordance with 

existing guidance, a member could meet 

its Rule 2370(b)(11)(A) obligations by 

redistributing the entire Statement to its 

security futures customers or separately 

distributing each new supplement to 

those customers who have already 

received the Statement.19

As noted above, the Statement is a 

uniform statement that was jointly 

developed by FINRA, the NFA, and 

several other securities and futures 

exchanges. The NFA’s Statement 

currently includes the language from the 

2010 and 2014 supplements in the main 

body, which is posted on NFA’s 

website.20 Other securities and futures 

exchanges, such as Cboe and 

OneChicago, also make publicly 

available the inclusive Statement on 

their respective websites.21 In an effort 

to modernize the presentation of 

FINRA’s Statement, FINRA is proposing 

to replace the 2002 Statement currently 

posted on FINRA’s website with the 

proposed updated Statement that would 

incorporate all the supplemental 

paragraphs and the proposed nonsubstantive and technical changes 

described above into the main body.22

This replacement would also align with 

the way in which other self-regulatory 

organizations present the Statement, 

inclusive of supplemental paragraphs, 

to the public. 

To facilitate a member’s compliance 

with Rule 2370(b)(11)(A), FINRA is 

proposing to encapsulate the various 

changes to the Statement done through 

the 2010 supplement, the 2014 

supplement, and those proposed herein 

into a single, integrated supplement 

(‘‘2018 supplement’’) that would show 

the proposed updated paragraphs in 

Sections 2.4, 5.2, 6.1, 8.1, and 8.2. The 

proposed 2018 supplement would 

appear on FINRA’s website as a separate 

document to continue to afford 

members with the flexibility to comply 

with the requirements of Rule 

2370(b)(11)(A) by separately distributing 

the supplement to customers who have 

already received the 2002 Statement.23

FINRA has filed the proposed rule 

change for immediate effectiveness. 

FINRA will announce the 

implementation date of the proposed 

rule change in a Regulatory Notice to be 

published no later than 60 days 

following Commission notice of the 

filing of the proposed rule change for 

immediate effectiveness. The 

implementation date will be no later 

than 90 days after the date of the filing. 

2. Statutory Basis 

FINRA believes that the proposed rule 

change is consistent with the provisions 

of Section 15A(b)(6) of the Act,24 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. FINRA believes that 

updating the Statement to incorporate 

all supplements into the main body will 

help to accurately inform customers of 

the characteristics and risks of security 

futures. The proposed updated 

Statement would also disclose that the 

normal clearance and settlement cycle 

for securities transactions is currently 

two business days, and the current 

contact information for the SIPC. 

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. While FINRA 

recognizes that there may be a burden 

associated with the distribution of the 

proposed updated Statement or 

supplement, FINRA believes that any 

such burden would be outweighed by 

the benefit to customers of accurately 

disclosing the characteristics and risks 

of security futures. FINRA also believes 

that any burden will be minimal 

because firms currently have an existing 

obligation to deliver each new (i.e., 

updated) Statement or supplement to 

customers, and may electronically 

transmit documents that they are 

required to furnish to customers under 

FINRA rules, including the proposed 

updated Statement or supplement, 

provided firms adhere to the standards 

contained in the Commission’s May 

1996 and October 1995 releases on 

electronic delivery,25 and as discussed 

in Notice to Members 98–3.26 Firms also 

may transmit the proposed updated 

Statement or supplement to customers 

through the use of a hyperlink, provided 

that customers have consented to 

electronic delivery.27 Moreover, Rule 

2370(b)(11) provides flexibility on when 

each updated Statement or supplement 

must be delivered after a customer’s 

account is approved for trading security 

futures. Instead of having to 

automatically and immediately 

distribute an updated Statement or 

supplement to every customer having an 

account approved for trading security 

futures, a firm may distribute an 

updated Statement or supplement no 

later than the time a confirmation of a 

transaction is delivered to each 


sradovich on DSK3GMQ082PROD with NOTICES
28048 Federal Register / Vol. 83, No. 116 / Friday, June 15, 2018 / Notices 

28 15 U.S.C. 78s(b)(3)(A). 

29 17 CFR 240.19b–4(f)(6). 30 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. 

customer who enters into a security 

futures transaction. Accordingly, firms 

would not be required to distribute the 

proposed updated Statement or 

supplement to customers who have 

accounts approved for trading security 

futures but do not engage in any new 

security futures transactions. 

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 28 and Rule 19b– 

4(f)(6) thereunder.29

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– 

FINRA–2018–024 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–2018–024. 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 

filing also will be available for 

inspection and copying at the principal 

office of FINRA. 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–FINRA– 

2018–024 and should be submitted on 

or before July 6, 2018. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.30

Eduardo A. Aleman, 

Assistant Secretary. 

[FR Doc. 2018–12856 Filed 6–14–18; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–83404; File No. SR–NYSE– 

2018–23] 

Self-Regulatory Organizations; New 

York Stock Exchange LLC; Notice of 

Filing and Immediate Effectiveness of 

Proposed Rule Change To Amend Its 

Price List Related to Co-Location 

Services in Connection With the ReLaunch of Trading on NYSE National, 

Inc. and Proposed NYSE National CoLocation Services 

June 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 May 30, 

2018, New York Stock Exchange LLC 

(‘‘NYSE’’ or the ‘‘Exchange’’) filed with 

the Securities and Exchange 

Commission (the ‘‘Commission’’) the 

proposed rule change as described in 

Items I and II below, which Items have 

been prepared by the self-regulatory 

organization. The Commission is 

publishing this notice to solicit 

comments on the proposed rule change 

from interested persons. 

I. Self-Regulatory Organization’s 

Statement of the Terms of Substance of 

the Proposed Rule Change 

The Exchange proposes to amend its 

Price List related to co-location services 

in connection with the re-launch of 

trading on NYSE National, Inc. (‘‘NYSE 

National’’) and proposed NYSE National 

co-location services. The Exchange also 

proposes to make a non-substantive 

change to remove obsolete text from the 

Price List. 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. 


sradovich on DSK3GMQ082PROD with NOTICES