2694 Federal Register / Vol. 83, No. 12 / Thursday, January 18, 2018 / Notices 

9 17 CFR 200.30–3(a)(12). 

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

2 17 CFR 240.19b–4. 

3See Securities Exchange Act Release No. 81976 

(October 30, 2017), 82 FR 51312 (November 3, 

2017)(SR–MIAX–2017–43). 4 15 U.S.C. 78f(b). 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.9

Eduardo A. Aleman, 

Assistant Secretary. 

[FR Doc. 2018–00725 Filed 1–17–18; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–82488; File No. SR–MIAX– 

2018–01] 

Self-Regulatory Organizations; Miami 

International Securities Exchange, 

LLC; Notice of Filing and Immediate 

Effectiveness of a Proposed Rule 

Change To Amend MIAX Options Rules 

700, 1308, and 1322 

January 11, 2018. 

Pursuant to the provisions of 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 January 3, 2018, Miami International 

Securities Exchange, LLC (‘‘MIAX 

Options’’ or the ‘‘Exchange’’) filed with 

the Securities and Exchange 

Commission (‘‘Commission’’) a 

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 is filing a proposal to 

make minor corrective changes to 

Exchange Rule 700, Exercise of Option 

Contracts; Rule 1308, Supervision of 

Accounts; and Rule 1322, Options 

Communications. 

The text of the proposed rule change 

is available on the Exchange’s website at 

http://www.miaxoptions.com/rulefilings/ at MIAX Options’ 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 

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 

Exchange Rule 700, Exercise of Option 

Contracts; Rule 1308, Supervision of 

Accounts; and Rule 1322, Options 

Communications, to make minor nonsubstantive corrective changes. 

First, the Exchange proposes to 

amend Exchange Rule 700(l) to make 

minor typographical corrections to 

cross-references in subsections (3), (5), 

and (7). The Exchange recently 

amended Rule 700 by renumbering 

paragraph (h) as paragraph (l).3

However, the Exchange inadvertently 

left in cross-references to Rule 700(h) in 

subsections (3), (5), and (7). Specifically, 

Rule 700(l)(3) currently reads ‘‘[t]he 

Exchange may determine to extend the 

applicable deadline for the delivery of 

‘‘exercise advice’’ and ‘‘advice cancel’’ 

notifications pursuant to this paragraph 

(h) if unusual circumstances are 

present.’’ The Exchange proposes to 

correct the cross-reference from 

‘‘paragraph (h)’’ to ‘‘paragraph (l).’’ Rule 

700(l)(5) currently reads ‘‘[t]he failure of 

any Member to follow the procedures in 

this paragraph (h) may result in the 

assessment of a fine, which may include 

but is not limited to disgorgement of 

potential economic gain obtained or loss 

avoided by the subject exercise, as 

determined by the Exchange.’’ The 

Exchange proposes to correct the crossreference from ‘‘paragraph (h)’’ to 

‘‘paragraph (l).’’ Furthermore, Rule 

700(l)(7) currently reads ‘‘[t]he 

procedures set forth in subparagraphs 

(1)–(2) of this subparagraph (h) do not 

apply (i) on the business day prior to 

expiration in series expiring on a day 

other than a business day or (ii) on the 

expiration day in series expiring on a 

business day.’’ The Exchange proposes 

to correct the cross-reference from 

‘‘subparagraph (h)’’ to ‘‘subparagraph 

(l).’’ The Exchange is not proposing any 

change to the wording of the Rule or to 

its application. The Exchange is only 

proposing to amend Rule 700(l) to 

renumber incorrect cross-references in 

the text of the Rule. 

Second, the Exchange proposes to 

amend Exchange Rule 1308, 

Supervision of Accounts, to make minor 

typographical corrections to crossreferences in the rule text. Specifically, 

Rule 1308(g)(6) cross-references Rule 

1307(g) and 1307(h), which should 

instead cross-reference Rule 1308(g) and 

1308(h) respectively. Rule 1308(g)(6) 

currently reads ‘‘[a] Member that 

specifically includes its options 

compliance program in a report that 

complies with substantially similar 

requirements of the New York Stock 

Exchange or FINRA will be deemed to 

have met the requirements of this Rule 

1307(g) and Rule 1307(h).’’ The 

Exchange proposes to correct this 

language to instead cross-reference 

‘‘Rule 1308(g)’’ and ‘‘Rule 1308(h)’’ 

respectively. Additionally, Rule 1308(h) 

cross-references Rule 1307(g), which 

should instead cross-reference Rule 

1308(g). Rule 1308(h) currently reads 

‘‘[b]y April 1 of each year, each Member 

shall submit a copy of the report that 

Rule 1307(g) requires the Member to 

prepare . . .’’ The Exchange proposes to 

correct the cross-reference from ‘‘Rule 

1307(g)’’ to Rule ‘‘1308(g).’’ 

Finally, the Exchange proposes to 

amend Exchange Rule 1322, Options 

Communications, to make minor 

typographical corrections and to make 

corrections to cross-references in the 

rule text. Specifically, Rule 

1322(e)(1)(ii) is currently missing the 

word ‘‘and’’ after the semicolon in this 

section. Therefore, the Exchange 

proposes to amend Rule 1322(e)(1)(ii) to 

read ‘‘[c]ontain contact information for 

obtaining a copy of the ODD; and.’’ 

Additionally, the Exchange proposes to 

correct a typographical error in Rule 

1322(e)(1)(iii). Currently, this section 

contains both a period and a semicolon 

at the end of the text. The Exchange 

proposes to remove the semicolon and 

leave only the period. Additionally, the 

Exchange proposes to make minor 

typographical changes to a crossreference in Rule 1322(f). Currently, this 

section references ‘‘Rule 1322(e)(1)(B).’’ 

However, that is an erroneous crossreference and the Exchange proposes to 

replace it with a cross-reference to 

‘‘Rule 1322(e)(1)(ii).’’ The Exchange 

notes that this does not change the 

wording of the rule or its application, 

but only corrects the cross-reference to 

properly conform to the hierarchical 

heading scheme used throughout the 

Exchange’s rulebook. 

2. Statutory Basis 

The Exchange believes that its 

proposed rule change is consistent with 

Section 6(b) of the Act 4 in general, and 

furthers the objectives of Section 6(b)(5) 


sradovich on DSK3GMQ082PROD with NOTICES
Federal Register / Vol. 83, No. 12 / Thursday, January 18, 2018 / Notices 2695 

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

6The term ‘‘Member’’ means an individual or 

organization approved to exercise the trading rights 

associated with a Trading Permit. Members are 

deemed ‘‘members’’ under the Exchange Act. See 

Exchange Rule 100. 

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

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

4(f)(6) 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 the 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 200.30–3(a)(12). 

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

of the Act 5 in particular, in that it is 

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 

facilitating transactions in securities, to 

remove impediments to and perfect the 

mechanisms of a free and open market 

and a national market system and, in 

general, to protect investors and the 

public interest. 

The Exchange believes the proposed 

changes promote just and equitable 

principles of trade and remove 

impediments to and perfect the 

mechanism of a free and open market 

and a national market system because 

the proposed rule change corrects minor 

typographical errors and corrects errors 

in the hierarchical heading scheme to 

provide uniformity in the Exchange’s 

rulebook. The Exchange notes that the 

proposed changes to Exchange Rule 700, 

Exercise of Option Contracts; Rule 1308, 

Supervision of Accounts; and Rule 

1322, Options Communications, do not 

alter the application of each rule. As 

such, the proposed amendments would 

foster cooperation and coordination 

with persons engaged in facilitating 

transactions in securities and would 

remove impediments to and perfect the 

mechanism of a free and open market 

and a national exchange system. In 

particular, the Exchange believes that 

the proposed changes will provide 

greater clarity to Members 6 and the 

public regarding the Exchange’s Rules. 

It is in the public interest for rules to be 

accurate and concise so as to eliminate 

the potential for confusion. 

B. Self-Regulatory Organization’s 

Statement on Burden on Competition 

MIAX Options does not believe that 

the proposed rule change will impose 

any burden on competition not 

necessary or appropriate in furtherance 

of the purposes of the Act. The 

proposed rule change will have no 

impact on competition as it is not 

designed to address any competitive 

issues but rather is designed to add 

additional clarity to existing rules and 

to remedy minor non-substantive issues 

in the text of various rules identified in 

this proposal. 

The Exchange does not believe that 

the proposed rule change will impose 

any burden on intermarket competition 

as the Rules apply equally to all 

Exchange Members. 

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 after the date of 

the filing, or such shorter time as the 

Commission may designate, it has 

become effective pursuant to 19(b)(3)(A) 

of the Act 7 and Rule 19b–4(f)(6) 8

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 

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– 

MIAX–2018–01 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–MIAX–2018–01. 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–MIAX–2018–01 and should 

be submitted on or before February 8, 

2018. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.9

Eduardo A. Aleman, 

Assistant Secretary. 

[FR Doc. 2018–00722 Filed 1–17–18; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–82487; File No. SR– 

NYSEArca–2017–138] 

Self-Regulatory Organizations; NYSE 

Arca, Inc.; Notice of Filing and 

Immediate Effectiveness of Proposed 

Rule Change To List and Trade the 

Shares of the Goldman Sachs Access 

Emerging Markets Local Currency 

Bond ETF Under Commentary .02 to 

NYSE Arca Rule 5.2–E(j)(3) 

January 11, 2018. 

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

Securities Exchange Act of 1934 


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