Federal Register / Vol. 83, No. 1 / Tuesday, January 2, 2018 / Notices 181 

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 met this requirement. 

18 17 CFR 240.19b–4(f)(6). 

19 17 CFR 240.19b–4(f)(6)(iii). 

20For purposes only of waiving the 30-day 

operative delay, the Commission has also 

considered the proposed rule’s impact on 

efficiency, competition, and capital formation. See 

15 U.S.C. 78c(f). 

21 15 U.S.C. 78s(b)(2)(B). 22 17 CFR 200.30–3(a)(12). 

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

2 17 CFR 240.19b–4. 

3Securities Exchange Act Release No. 34–82063 

(November 13, 2017), 82 FR 54423 (November 17, 

2017) (SR–ICEEU–2017–011) (‘‘Notice’’). 

4 15 U.S.C. 78s(b)(2). 

A proposed rule change filed under 

Rule 19b–4(f)(6) 18 normally does not 

become operative for 30 days after the 

date of filing. However, pursuant to 

Rule 19b–4(f)(6)(iii),19 the Commission 

may designate a shorter time if such 

action is consistent with the protection 

of investors and the public interest. The 

Exchange has asked the Commission to 

waive the 30-day operative delay so that 

the proposal may become operative 

upon filing. The Commission believes 

that waiving the 30-day operative delay 

is consistent with the protection of 

investors and the public interest 

because it will allow the Exchange to 

immediately implement the proposed 

rule change to promote greater 

harmonization between the rules of 

FINRA and the Exchange and also to 

make clerical changes that may 

minimize potential investor confusion. 

Accordingly, the Commission hereby 

waives the 30-day operative delay 

requirement and designates the 

proposed rule change as operative upon 

filing.20

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) 21 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–2017–39 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–NYSEAMER–2017–39. 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–2017–39, and 

should be submitted on or before 

January 23, 2018. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.22

Brent J. Fields, 

Secretary. 

[FR Doc. 2017–28229 Filed 12–29–17; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–82405; File No. SR–ICEEU– 

2017–011] 

Self-Regulatory Organizations; ICE 

Clear Europe Limited; Notice of 

Designation of Longer Period for 

Commission Action on Proposed Rule 

Change To Modify the ICE Clear 

Europe Limited Collateral and Haircut 

Policy 

December 27, 2017. 

On November 2, 2017, ICE Clear 

Europe Limited (‘‘ICE Clear Europe’’) 

filed with the Securities and Exchange 

Commission (‘‘Commission’’), pursuant 

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

Exchange Act (‘‘Act’’) 1 and Rule 19b–4 

thereunder,2 a proposed rule change to 

modify the ICE Clear Europe Collateral 

and Haircut Policy to incorporate 

certain changes to the calculation of 

absolute collateral limits for bonds 

provided as Permitted Cover by Clearing 

Members. (File No. SR–ICEEU–2017– 

011). The proposed rule change was 

published for comment in the Federal 

Register on November 17, 2017.3 To 

date, the Commission has not received 

comments on the proposed rule change. 

Section 19(b)(2) of the Act 4 provides 

that within 45 days of the publication of 

notice of the filing of a proposed rule 

change, or within such longer period up 

to 90 days as the Commission may 

designate, if it finds such longer period 

to be appropriate and publishes its 

reasons for so finding or as to which the 

self-regulatory organization consents, 

the Commission shall either approve the 

proposed rule change, disapprove the 

proposed rule change, or institute 

proceedings to determine whether the 

proposed rule change should be 

disapproved. The 45th day from the 

publication of notice of filing of this 

proposed rule change is January 1, 2018. 

The Commission is extending the 45- 

day time period for Commission action 

on the proposed rule change. ICE Clear 

Europe proposes to modify the ICE Clear 

Europe Collateral and Haircut Policy to 

incorporate certain changes to the 

calculation of absolute collateral limits 

for bonds provided as Permitted Cover 

by Clearing Members. The Commission 

finds it is appropriate to designate a 

longer period within which to take 

action on the proposed rule change so 

that it has sufficient time to consider 


daltland on DSKBBV9HB2PROD with NOTICES
182 Federal Register / Vol. 83, No. 1 / Tuesday, January 2, 2018 / Notices 

5 15 U.S.C. 78s(b)(2). 

6 17 CFR 200.30–3(a)(31). 

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

2 17 CFR 240.19b–4. 

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

4 17 CFR 240.19b–4(f)(2). 5 15 U.S.C. 78f(b)(4) and (5). 

ICE Clear Europe’s proposed rule 

change. 

Accordingly, the Commission, 

pursuant to Section 19(b)(2) 5 of the Act, 

designates February 15, 2018, as the 

date by which the Commission should 

either approve or disapprove, or 

institute proceedings to determine 

whether to disapprove, the proposed 

rule change (File No. SR–ICEEU–2017– 

011). 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.6

Brent J. Fields, 

Secretary. 

[FR Doc. 2017–28307 Filed 12–29–17; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–82273; File No. SR–CBOE– 

2017–040] 

Self-Regulatory Organizations; Cboe 

Exchange, Inc.; Notice of Filing of 

Amendment No. 2 to the Proposed 

Rule Change To Amend the Schedule 

of Fees and Assessments To Adopt a 

Fee Schedule To Establish Fees for 

Industry Members Related to the 

National Market System Plan 

Governing the Consolidated Audit Trail 

December 11, 2017. 

Correction 

In notice document 2017–26995, 

appearing on pages 59683–59685, in the 

issue of Friday, December 15, 2017, 

please note the following correction: 

On page 59685, in the second column, 

in the tenth line from the top, ‘‘January 

5, 2017’’ should read ‘‘January 5, 2018’’. 

[FR Doc. C1–2017–26995 Filed 12–29–17; 8:45 am] 

BILLING CODE 1301–00–D 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–82407; File No. SR–BOX– 

2017–39] 

Self-Regulatory Organizations; BOX 

Options Exchange LLC; Notice of 

Filing and Immediate Effectiveness of 

a Proposed Rule Change To Amend 

the Fee Schedule To Adjust the QOO 

Order Rebate 

December 27, 2017. 

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 December 

22, 2017, BOX Options Exchange LLC 

(the ‘‘Exchange’’) 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 Exchange. The 

Exchange filed the proposed rule change 

pursuant to Section 19(b)(3)(A)(ii) of the 

Act,3 and Rule 19b–4(f)(2) thereunder,4

which renders the proposal effective 

upon filing with 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 the Substance 

of the Proposed Rule Change 

The Exchange is filing with the 

Securities and Exchange Commission 

(‘‘Commission’’) a proposed rule change 

to amend the Fee Schedule to amend 

the Fee Schedule [sic]. While changes to 

the fee schedule pursuant to this 

proposal will be effective upon filing, 

the changes will become operative on 

January 2, 2018. The text of the 

proposed rule change is available from 

the principal office of the Exchange, at 

the Commission’s Public Reference 

Room and also on the Exchange’s 

internet website at http://

boxexchange.com. 

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 the 

Fee Schedule for trading on BOX to 

amend section II.C, QOO Order Rebate. 

Specifically, the Exchange proposes to 

adjust the QOO Order Rebate from $0.05 

per contract to $0.075 per contract for 

all QOO Orders presented to the 

Trading Floor. The Exchange notes that 

it is not making any other changes to the 

rebate and that the QOO rebate will 

continue to apply to both sides of the 

QOO Order. The rebate will not apply 

to Public Customer executions, 

executions subject to the Strategy QOO 

Order Fee Cap, and Broker Dealer 

executions where the Broker Dealer is 

facilitating a Public Customer. Further, 

the total monthly rebate for Broker 

Dealer executions will continue to be 

capped at $30,000 per month per Broker 

Dealer. 

2. Statutory Basis 

The Exchange believes that the 

proposal is consistent with the 

requirements of Section 6(b) of the Act, 

in general, and Section 6(b)(4) and 

6(b)(5)of the Act,5 in particular, in that 

it provides for the equitable allocation 

of reasonable dues, fees, and other 

charges among BOX Participants and 

other persons using its facilities and 

does not unfairly discriminate between 

customers, issuers, brokers or dealers. 

The Exchange believes that the 

proposed change to the QOO Order 

Rebate for Floor Brokers is reasonable, 

equitable and not unfairly 

discriminatory. 

The Exchange notes that it does not 

offer a front-end order entry on the 

Trading Floor, unlike some competing 

exchanges. The Exchange notes that 

Participants have two possible means of 

bringing orders to the Exchange’s 

Trading Floor for possible execution: (1) 

They can invest in the technology, 

systems and personnel to participate on 

the Trading Floor and deliver the order 

to the Exchange matching engines for 

validation and execution; or (2) they can 

utilize the services of another 

Participant acting as a Floor Broker. The 

Exchange believes that increasing the 

rebate will allow Floor Brokers to price 

their services at a level that would 

enable them to attract QOO order flow 

from participants who would otherwise 

utilize the front-end order entry 

mechanism offered by the Exchange’s 

competitors instead of incurring the cost 

in time and resources to install and 

develop their own internal systems to 

deliver QOO orders directly to the 

Exchange system. As such, the 

Exchange believes it is necessary from a 

competitive standpoint to continue to 

offer this rebate to the executing Floor 

Broker on a QOO Order. Further, the 

Exchange believes that the QOO Order 

Rebate is reasonable as it is similar to a 

rebate program offered to Floor Brokers 


daltland on DSKBBV9HB2PROD with NOTICES