31822 Federal Register / Vol. 83, No. 131 / Monday, July 9, 2018 / Notices 

44See supra notes 11, 27–30. 

45See Rule 11.330. 

46See supra note 9 [sic]. 

47See, e.g., CTA SIP Tape A & B subscriber/ 

household metrics. 

48See the IEX Fee Schedule, which currently 

provides for free Membership on the Exchange, 

available at https://iextrading.com/trading/fees/. 

49 15 U.S.C. 78s(b)(3)(A). 

50 17 CFR 240.19b–4(f)(6). 

51 15 U.S.C. 78s(b)(2)(B). 52 17 CFR 200.30–3(a)(12). 

changes are similar to certain rules of 

the NYSE.44 Thus, the Exchange 

believes there are no new inter-market 

competitive burdens imposed as a result 

of the proposed rule changes, which are 

designed to augment certain of the 

Exchange’s automated and manual 

processes governing IPO Auctions with 

certain manual IPO Auction processes 

utilized by the NYSE. To the contrary, 

the Exchange believes the proposed 

changes may serve as a catalyst for 

competition in the market for IPOs by 

providing underwriters a familiar tool 

for managing the IPO auction process 

while simultaneously enhancing IPO 

Auction transparency for market 

participants. 

In addition, the Exchange does not 

believe that the proposed changes will 

have any impact on intra-market 

competition. Specifically, as discussed 

above, the proposed changes are 

designed to increase transparency to 

market participants regarding the 

supply and demand for an IPO security 

by requiring the underwriter to provide 

the Exchange with the proposed IPO 

Price Band for broad publication. Broad 

publication of the IPO Price Band and 

the proposed integration with IEX 

Auction Information is designed to 

enhance price discovery in the IPO 

Auction process, to the benefit of all 

market participants, by providing 

information about Imbalance Shares and 

Paired Shares at a price that better 

reflects where the underwriter believes 

the IPO Auction match is anticipated to 

occur, and thus inviting offsetting 

interest within such range. Moreover, 

the Exchange notes that the proposed 

IPO Price Band will be disseminated via 

IEX Auction Information, which is 

available free of charge through the 

Exchange’s existing proprietary data 

feeds.45 Moreover, the proposed IPO 

Price Band will be disseminated via the 

SIP,46 which is a widely consumed data 

product.47 Accordingly, the proposed 

changes would apply to all Members on 

a fair and equal basis, in that all market 

participants have an equal opportunity 

to consume IEX Auction Information 

and/or SIP data. Accordingly, the 

Exchange believes there are no intramarket competitive burdens imposed as 

a result of the proposed rule changes. 

Lastly, the Exchange believes that 

proposed Supplemental Material .01 to 

Rule 11.280(h)(8) does not result in any 

undue burden on competition, as any 

qualified market participant may 

become a Member of the Exchange free 

of charge,48 or may alternatively enter 

into private arrangements to appoint 

any approved Exchange Member to 

perform the functions under Rule 

11.280(h)(8) that are performed by the 

underwriter with respect to the IPO 

Auction. 

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 

The Exchange has designated this rule 

filing as non-controversial under 

Section 19(b)(3)(A) 49 of the Act and 

Rule 19b–4(f)(6) 50 thereunder. Because 

the 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 and Rule 19b4(f)(6) thereunder. 

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 

under Section 19(b)(2)(B) 51 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– 

IEX–2018–13 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–IEX–2018–13. 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 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–IEX–2018–13, and should 

be submitted on or before July 30, 2018. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.52

Eduardo A. Aleman, 

Assistant Secretary. 

[FR Doc. 2018–14546 Filed 7–6–18; 8:45 am] 

BILLING CODE P 

SECURITIES AND EXCHANGE 

COMMISSION 

Proposed Collection; Comment 

Request 

Upon Written Request Copies Available 

From: Securities and Exchange 

Commission, Office of FOIA Services, 


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Federal Register / Vol. 83, No. 131 / Monday, July 9, 2018 / Notices 31823 

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

2 17 CFR 240.19b–4. 

3See Cboe Options Fees Schedule, Index Options 

Rate Table and Specified Proprietary Index Options 

Rate Table. 

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

5 15 U.S.C. 78f(b)(4). 

6See Cboe Options Fees Schedule, Specified 

Proprietary Index Options Rate Table—Underlying 

Symbol List A and Sector Indexes. 

100 F Street NE, Washington, DC 

20549–2736 

Extension: 

Form 40–F, SEC File No. 270–335, OMB 

Control No. 3235–0381 

Notice is hereby given that, pursuant 

to the Paperwork Reduction Act of 1995 

(44 U.S.C. 3501 et seq.), the Securities 

and Exchange Commission 

(‘‘Commission’’) is soliciting comments 

on the collection of information 

summarized below. The Commission 

plans to submit this existing collection 

of information to the Office of 

Management and Budget for extension 

and approval. 

Form 40–F (17 CFR 249.240f) is used 

by certain Canadian issuers to register a 

class of securities under Section 12 of 

the Securities Exchange Act of 1934 

(‘‘Exchange Act’’) (15 U.S.C. 78l) or as 

an annual report pursuant to Section 

13(a) or 15 (d) of the Exchange Act (15 

U.S.C. 78m(a) or 78o(d)). The 

information required in the Form 40–F 

is used by investors in making 

investment decisions with respect to the 

securities of such Canadian companies. 

We estimate that Form 40–F takes 

approximately 429.93 hours per 

response and is filed by approximately 

132 respondents. We estimate that 25% 

of the 429.93 hours per response (107.48 

hours) is prepared by the issuer for a 

total reporting burden of 14,187 (107.48 

hours per response × 132 responses). 

Written comments are invited on: (a) 

Whether the proposed collection of 

information is necessary for the proper 

performance of the functions of the 

agency, including whether the 

information will have practical utility; 

(b) the accuracy of the agency’s estimate 

of the burden imposed by the collection 

of information; (c) ways to enhance the 

quality, utility, and clarity of the 

information collected; and (d) ways to 

minimize the burden of the collection of 

information on respondents, including 

through the use of automated collection 

techniques or other forms of information 

technology. Consideration will be given 

to comments and suggestions submitted 

in writing within 60 days of this 

publication. 

An agency may not conduct or 

sponsor, and a person is not required to 

respond to, a collection of information 

unless it displays a currently valid 

control number. 

Please direct your written comment to 

Pamela Dyson, Director/Chief 

Information Officer, Securities and 

Exchange Commission, c/o Candace 

Kenner, 100 F Street NE, Washington, 

DC 20549 or send an email to: PRA_

Mailbox@sec.gov. 

Dated: July 3, 2018. 

Eduardo A. Aleman, 

Assistant Secretary. 

[FR Doc. 2018–14653 Filed 7–6–18; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–83584; File No. SR–CBOE– 

2018–049] 

Self-Regulatory Organizations; Cboe 

Exchange, Inc.; Notice of Filing and 

Immediate Effectiveness of a Proposed 

Rule Change To Amend Its Fees 

Schedule Concerning MSCI EAFE 

Index Options and MSCI Emerging 

Markets Index Options 

July 2, 2018. 

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

Securities Exchange Act of 1934 (the 

‘‘Act’’),1 and Rule 19b–4 thereunder,2

notice is hereby given that on July 2, 

2018, Cboe Exchange, Inc. (the 

‘‘Exchange’’ or ‘‘Cboe Options’’) filed 

with the Securities and Exchange 

Commission (the ‘‘Commission’’) the 

proposed rule change as described in 

Items I, II, and III below, which Items 

have been prepared by the 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 its 

Fees Schedule. The text of the proposed 

rule change is 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 Exchange proposes to amend its 

Fees Schedule, effective July 2, 2018. 

Particularly, the Exchange is proposing 

to adopt a customer transaction fee for 

MSCI EAFE Index (MXEA) options and 

MSCI Emerging Markets Index (MXEF) 

options (‘‘MSCI Options’’). Currently, 

the Exchange does not assess any 

customer transaction fees for MSCI 

options. The Exchange is proposing to 

adopt a $0.25 per contract fee for 

customer transaction fees for 

transactions in MSCI Options. The 

Exchange notes that the proposed fee 

amount is in line with customer 

transaction fees assessed on other index 

products.3

2. Statutory Basis 

The Exchange believes the proposed 

rule change is consistent with the 

Securities Exchange Act of 1934 (the 

‘‘Act’’) and the rules and regulations 

thereunder applicable to the Exchange 

and, in particular, the requirements of 

Section 6(b) of the Act.4 Specifically, 

the Exchange believes the proposed rule 

change is consistent with Section 6(b)(4) 

of the Act,5 which provides that 

Exchange rules may provide for the 

equitable allocation of reasonable dues, 

fees, and other charges among its 

Trading Permit Holders and other 

persons using its facilities. 

In particular, the proposed change is 

reasonable because the proposed fee 

amount is within the range of amounts 

assessed on other index products (e.g., 

OEX Weeklys, XEO Weeklys and Sector 

Indexes).6 The proposed change to the 

customer MSCI options transaction fees 

is equitable and not unfairly 

discriminatory because it applies 

uniformly to all customer transactions 

in MSCI options. The Exchange also 

believes it’s reasonable, equitable and 

not unfairly discriminatory that the 

proposed fee amount is still less than 

the amount assessed for MSCI options 

for other market participants because 

Customer order flow enhances liquidity 

on the Exchange for the benefit of all 

market participants. 


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