Federal Register / Vol. 83, No. 123 / Tuesday, June 26, 2018 / Notices 29843 

7 15 U.S.C. 78s(b)(3)(A). 

8 17 CFR 240.19b–4(f)(6). In addition, Rule 19b– 

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

give the Commission written notice of its intent to 

file the proposed rule change, along with a brief 

description and text of the proposed rule change, 

at least five business days prior to the date of filing 

of the proposed rule change, or such shorter time 

as designated by the Commission. The Exchange 

has satisfied this requirement. 

9 17 CFR 240.19b–4(f)(6). 

10 17 CFR 240.19b–4(f)(6)(iii). 

11Specifically, with respect to Point of Presence 

(POP) Connectivity, the Exchange corrects an 

incorrect reference to GEMX in the rule text to ISE. 

12For purposes only of waiving the 30-day 

operative delay, the Commission also has 

considered the proposed rule’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. 

3On December 8, 2017, OCC also filed a related 

advance notice (SR–OCC–2017–810) with the 

Commission pursuant to Section 806(e)(1) of Title 

VIII of the Dodd-Frank Wall Street Reform and 

Consumer Protection Act, entitled the Payment, 

Clearing, and Settlement Supervision Act of 2010 

and Rule 19b–4(n)(1)(i) under the Act (‘‘Advance 

Notice’’). 12 U.S.C. 5465(e)(1) and 17 CFR 240.19b– 

4(n)(1)(i), respectively. The Advance Notice was 

published in the Federal Register on January 23, 

2018. Securities Exchange Act Release No. 82513 

(Jan. 17, 2018), 83 FR 3224 (Jan. 23, 2018) (SR– 

OCC–2017–810). 

4Securities Exchange Act Release No. 82352 (Dec. 

19, 2017), 82 FR 61072 (Dec. 26, 2017) (SR–OCC– 

2017–021) (‘‘Notice’’). 

5See Letter from Jacqueline H. Mesa, Senior Vice 

President of Global Policy, FIA, dated Jan. 16, 2018, 

available at https://www.sec.gov/comments/sr-occ2017-020/occ2017020.htm. Since the proposal 

contained in the Proposed Rule Change was also 

filed as an Advance Notice, the Commission is 

considering all public comments received on the 

proposal regardless of whether the comments are 

submitted to the Proposed Rule Change or the 

Advance Notice. 

6 15 U.S.C. 78s(b)(2)(B)(i). 

7See Securities Exchange Act Release No. 82927 

(March 22, 2018), 83 FR 13176 (March 27, 2018) 

(SR–OCC–2018–021). 

19(b)(3)(A) of the Act 7 and Rule 19b– 

4(f)(6) thereunder.8

A proposed rule change filed 

pursuant to Rule 19b–4(f)(6) under the 

Act 9 normally does not become 

operative for 30 days after the date of its 

filing. However, Rule 19b–4(f)(6)(iii) 10

permits the Commission to designate a 

shorter time if such action is consistent 

with the protection of investors and the 

public interest. The Exchange has 

requested that the Commission waive 

the 30-day operative delay so that the 

proposed rule change may become 

operative upon filing. The proposed rule 

change merely relocates the co-location 

and direct connectivity rules in the 

Exchange’s Schedule of Fees, as well as 

corrects a technical error.11

Accordingly, the Commission believes 

that waiver of the 30-day operative 

delay is consistent with the protection 

of investors and the public interest and 

hereby waives the operative delay and 

designates the proposed rule change 

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. If the 

Commission takes such action, the 

Commission shall institute proceedings 

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– 

ISE–2018–54 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–ISE–2018–54. 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–ISE–2018–54, and should 

be submitted on or before July 17, 2018. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.13

Eduardo A. Aleman, 

Assistant Secretary. 

[FR Doc. 2018–13616 Filed 6–25–18; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–83485; File No. SR–OCC– 

2017–021] 

Self-Regulatory Organizations; 

Options Clearing Corporation; Notice 

of Designation of Longer Period for 

Commission Action on Proceedings To 

Determine Whether To Approve or 

Disapprove a Proposed Rule 

Concerning Updates to and 

Formalization of OCC’s Recovery and 

Orderly Wind-Down Plan 

June 20, 2018. 

On December 8, 2017, The Options 

Clearing Corporation (‘‘OCC’’) filed with 

the Securities and Exchange 

Commission (‘‘Commission’’) proposed 

rule change SR–OCC–2017–021 

(‘‘Proposed Rule Change’’) pursuant to 

Section 19(b)(1) of the Securities 

Exchange Act of 1934 (‘‘Act’’),1 and 

Rule 19b-4 thereunder,2 concerning 

enhanced and new tools for recovery 

scenarios.3 The Proposed Rule Change 

was published for comment in the 

Federal Register on December 26, 

2017.4 To date, the Commission has 

received one comment letter to the 

Proposed Rule Change.5 On March 22, 

2018, the Commission instituted 

proceedings under Section 19(b)(2)(B)(i) 

of the Act 6 to determine whether to 

approve or disapprove the Proposed 

Rule Change.7

Section 19(b)(2)(B)(ii) of the Act 

provides that, after initiating 

proceedings, the Commission shall issue 

an order approving or disapproving the 


sradovich on DSK3GMQ082PROD with NOTICES
29844 Federal Register / Vol. 83, No. 123 / Tuesday, June 26, 2018 / Notices 

8 15 U.S.C. 78s(b)(2)(B)(ii). 

9 Id. 

10 Id. 

11 17 CFR 200.30–3(a)(57). 

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

2 17 CFR 240.19b-4. 

3As defined in Cboe Options Rule 24.21(b). 

proposed rule change not later than 180 

days after the date of publication of 

notice of filing of the proposed rule 

change.8 The Commission may, 

however, extend the period for issuing 

an order approving or disapproving the 

proposed rule change by not more than 

60 days if the Commission determines 

that a longer period is appropriate and 

publishes the reasons for such 

determination.9

The 180th day after publication of the 

notice for the Proposed Rule Change in 

the Federal Register is June 24, 2018. 

The Commission finds it appropriate to 

designate a longer period within which 

to issue an order approving or 

disapproving the Proposed Rule Change 

so that it has sufficient time to consider 

the Proposed Rule Change and the 

comment received. Accordingly, the 

Commission, pursuant to Section 

19(b)(2)(B)(ii) of the Act,10 designates 

August 23, 2018 as the date by which 

the Commission shall either approve or 

disapprove the Proposed Rule Change. 

The Commission also seeks additional 

comment to help further inform its 

analysis of the Proposed Rule Change. 

Specifically, the Commission invites 

interested persons to provide views, 

data, and arguments concerning the 

Proposed Rule Change, including 

whether the Proposed Rule Change is 

consistent with the Act and the 

applicable rules or regulations 

thereunder. Please note that comments 

previously received on the substance of 

the Proposed Rule Change will be 

considered together with comments 

submitted in response to this notice. 

Therefore, while commenters are free to 

submit additional comments at this 

time, they need not re-submit earlier 

comments. 

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– 

OCC–2017–021 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–OCC–2017–021. 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 OCC and on OCC’s website at 

https://www.theocc.com/about/ 

publications/bylaws.jsp. 

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–OCC–2017–021 and should 

be submitted on or before July 11, 2018. 

Any person who wishes to file a rebuttal 

to any other person’s submission must 

file that rebuttal on or before July 17, 

2018. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.11

Eduardo A. Aleman, 

Assistant Secretary. 

[FR Doc. 2018–13638 Filed 6–25–18; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–83486; File No. SR–CBOE– 

2018–043] 

Self-Regulatory Organizations; Cboe 

Exchange, Inc.; Notice of Filing and 

Immediate Effectiveness of a Proposed 

Rule Change To Amend Its Rule 

Governing Crowd Space Disputes 

June 20, 2018. 

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

Securities Exchange Act of 1934,1 and 

Rule 19b-4 thereunder,2 notice is hereby 

given that on June 7, 2018, Cboe 

Exchange, Inc. (‘‘Exchange’’ or ‘‘Cboe 

Options’’) filed with the Securities and 

Exchange Commission (‘‘Commission’’) 

the proposed rule change as described 

in Items I and II below, which Items 

have been prepared by the Exchange. 

The Commission is publishing this 

notice to solicit comments on the 

proposed rule change from interested 

persons. 

I. Self-Regulatory Organization’s 

Statement of the Terms of Substance of 

the Proposed Rule Change 

The Exchange proposes to amend 

Rule 24.21 relating to Crowd Space 

Disputes. The text of the proposed rule 

change is also available on the 

Exchange’s website (http://

www.cboe.com/AboutCBOE/CBOELegal

RegulatoryHome.aspx), at the 

Exchange’s Office of the Secretary, and 

at the Commission’s Public Reference 

Room. 

II. Self-Regulatory Organization’s 

Statement of the Purpose of, and 

Statutory Basis for, the Proposed Rule 

Change 

In its filing with the Commission, the 

Exchange included statements 

concerning the purpose of and basis for 

the proposed rule change and discussed 

any comments it received on the 

proposed rule change. The text of these 

statements may be examined at the 

places specified in Item IV below. The 

Exchange has prepared summaries, set 

forth in sections A, B, and C below, of 

the most significant aspects of such 

statements. 

A.Self-Regulatory Organization’s 

Statement of the Purpose of, and 

Statutory Basis for, the Proposed Rule 

Change 

1. Purpose 

The purpose of this rule change is to 

amend Rule 24.21 (Index Crowd Space 

Dispute Resolution Procedures). By way 

of background, Rule 24.21 provides for 

guidelines and procedures to resolve 

disputes concerning the right of Trading 

Permit Holders (‘‘TPHs’’) to occupy a 

certain space in certain index option 

trading pits. 

Particularly, the Exchange proposes to 

amend subparagraphs (b) and (g) of Rule 

24.21, which provisions relate to the 

Space Mediator and the Crowd Space 

Dispute Resolution (‘‘CSDR’’) panel, 

respectively. Currently, the rule 

provides that the Space Mediator 3 will 

select a CSDR Panel (‘‘Panel’’) 


sradovich on DSK3GMQ082PROD with NOTICES