70900 Federal Register / Vol. 79, No. 229 / Friday, November 28, 2014 / Notices 

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

2 15 U.S.C. 78a. 

3 17 CFR 240.19b–4. 

4Current Rule 311(f) permits the Exchange to 

approve ‘‘entities that have characteristics 

essentially similar to corporations, partnerships, or 

both’’ as a member organization ‘‘on such terms and 

conditions as the Exchange may prescribe.’’ 

need a reasonable accommodation to 

participate in these public meetings, or 

need this meeting notice or the 

transcript or other information from the 

public meetings in another format (e.g. 

braille, large print), please notify 

Kimberly Meyer, NRC Disability 

Program Manager, at 301–287–0727, by 

videophone at 240–428–3217, or by 

email at Kimberly.Meyer-Chambers@

nrc.gov. Determinations on requests for 

reasonable accommodation will be 

made on a case-by-case basis. 

* * * * * 

Members of the public may request to 

receive this information electronically. 

If you would like to be added to the 

distribution, please contact the Office of 

the Secretary, Washington, DC 20555 

(301–415–1969), or send an email to 

Patricia.Jimenez@nrc.gov or Brenda.

Akstulewicz@nrc.gov 

Dated: November 25, 2014. 

Glenn Ellmers, 

Policy Coordinator, Office of the Secretary. 

[FR Doc. 2014–28258 Filed 11–25–14; 4:15 pm] 

BILLING CODE 7590–01–P 

POSTAL SERVICE 

Sunshine Act Meeting; Board of 

Governors; Meeting; Teleconference 

DATES AND TIMES: Friday, December 5, 

2014, at 2:30 p.m. 

PLACE: Via Teleconference (Public 

access to hear the teleconference will be 

at 475 L’Enfant Plaza SW., in the 

Benjamin Franklin Room, or live via 

audio webcast at http://about.usps.com/ 

news/electronic-press-kits/bog/

welcome.htm.) 

STATUS: Friday, December 5, at 2:30 

p.m.—Open; Friday, December 5, at 2:45 

p.m.—Closed 

MATTERS TO BE CONSIDERED: 

Friday, December 5, at 2:30 p.m. 

(Open) 

1. Approval of Minutes of Previous 

Meetings. 

2. Approval of the FY2014 10K and 

Financial Statements. 

3. Approval of the Annual Report and 

Comprehensive Statement. 

Friday, December 5, at 2:45 p.m. 

(Closed) 

1. Strategic Issues. 

2. Pricing. 

3. Governors’ Executive Session— 

Discussion of prior agenda items and 

Board Governance. 

CONTACT PERSON FOR MORE INFORMATION: 

Julie S. Moore, Secretary of the Board, 

U.S. Postal Service, 475 L’Enfant Plaza 

SW., Washington, DC 20260–1000. 

Telephone: (202) 268–4800. 

Julie S. Moore, 

Secretary. 

[FR Doc. 2014–28198 Filed 11–25–14; 11:15 am] 

BILLING CODE 7710–12–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–73671; File No. SR– 

NYSEMKT–2014–97] 

Self-Regulatory Organizations; NYSE 

MKT LLC; Notice of Filing of Proposed 

Rule Change Amending Rules 311— 

Equities and 313—Equities To Add 

Limited Liability Companies as Eligible 

Member Organizations and Delineate 

the Information Limited Liability 

Companies Must Submit to the 

Exchange as Part of the Membership 

Process; Eliminate the Requirement 

That a Member Corporation Be Created 

or Organized, and Maintain Its 

Principal Place of Business, in the 

United States; and Make Additional 

Related Amendments To Update Its 

Membership Rules 

November 21, 2014. 

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 

November 12, 2014, NYSE MKT LLC 

(the ‘‘Exchange’’ or ‘‘NYSE MKT’’) 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 substantially prepared by the selfregulatory 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 

Rules 311—Equities and 313—Equities 

to add limited liability companies as 

eligible member organizations and 

delineate the information limited 

liability companies must submit to the 

Exchange as part of the membership 

process; eliminate the requirement that 

a member corporation be created or 

organized, and maintain its principal 

place of business, in the United States; 

and make additional related 

amendments to update its membership 

rules. The text of the proposed rule 

change is available on the Exchange’s 

Web site 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. 

A. Self-Regulatory Organization’s 

Statement of the Purpose of, and the 

Statutory Basis for, the Proposed Rule 

Change 

1. Purpose 

The Exchange proposes to amend 

Rules 311—Equities (‘‘Rule 311’’) and 

313—Equities (‘‘Rule 313’’) to add 

limited liability companies (‘‘LLCs’’) to 

the types of eligible member 

organizations and delineate the 

information LLCs must submit to the 

Exchange as part of the membership 

process; eliminate the requirement that 

a member corporation be created or 

organized, and maintain its principal 

place of business, in the United States; 

and make additional related 

amendments to update its membership 

rules. 

Rule 311 

NYSE MKT Rule 311 governs the 

formation and approval of member 

organizations. The Exchange proposes 

to revise Rule 311 to explicitly provide 

for LLCs to apply to become member 

organizations and eliminate the 

requirement that a member corporation 

be created or organized, and maintain 

its principal place of business, in the 

United States. 

First, the Exchange’s membership 

rules currently provide for member 

organizations to be corporations or 

partnerships, but have not explicitly 

provided for LLCs.4 The Exchange 

proposes to add LLCs to the types of 

potential member organizations and 

require LLCs to meet the same 


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Federal Register / Vol. 79, No. 229 / Friday, November 28, 2014 / Notices 70901 

5Rule 311(b)(2) and (b)(3) currently impose the 

same requirement on the relevant control persons 

at corporations and partnerships, respectively. 

6The first sentence of Rule 311(f) also provides 

that every member firm organization shall be a 

partnership or corporation. This statement is 

redundant to Rule 311(b), which the Exchange is 

amending to add LLCs. Accordingly, the Exchange 

proposes to delete the first sentence of Rule 311(f) 

in its entirety. 

7See 17 CFR 240.15a–6 and Commission Guide 

to Broker-Dealer Registration, Division of Trading 

and Markets, available at http://www.sec.gov/ 

divisions/marketreg/bdguide.htm (foreign brokerdealers that, from the outside of the United States, 

induce or attempt to induce securities transactions 

by any person in the United States, or that use the 

means or instrumentalities of interstate commerce 

in the United States for this purpose, must register 

as broker-dealers with the Commission). 

8See e.g., NASD Membership and Registration 

Rules (1000 Series). NASD Rule 1090 imposes 

specific requirements on members that do not 

maintain an office in the United States responsible 

for preparing and maintaining financial and other 

reports required to be filed with the SEC and the 

Exchange, which the Exchange proposes to import 

into Rule 313. See the discussion infra. See also 

BATS Exchange, Inc. Rules 2.3, 2.5 and 2.6. 

9The Exchange is not proposing to adopt a rule 

similar to NASD Rule 1090(d), which requires 

foreign members to ‘‘utilize, either directly or 

indirectly, the services of a broker/dealer registered 

with the Commission, a bank or a clearing agency 

registered with the Commission located in the 

United States in clearing all transactions involving 

members of the Association, except where both 

parties to a transaction agree otherwise.’’ The 

Exchange agrees with FINRA, which similarly 

recommended skipping paragraph (d) as part of its 

contemplated adoption of NASD Rule 1090, that the 

provision is ‘‘outdated’’ and that clearing 

arrangements are better addressed by FINRA Rule 

4311 (Carrying Agreements), which is based in part 

on Rule 382—Equities that FINRA Rule 4311 

replaced. See FINRA Regulatory Notice 13–29 

(September 2013). FINRA Rule 4311 governs the 

requirements applicable to members when entering 

into agreements for the carrying of any customer 

Continued 

requirements currently applicable to 

partnerships and corporations set forth 

in Rule 311(b). As part of the proposed 

revision, the Exchange seeks to add a 

new section (4) to Rule 311(b) requiring 

every member of an LLC to be a 

member, principal executive or 

approved person.5 Similarly, the 

Exchange proposes to amend current 

Rule 311(b)(6) to reflect that proposed 

LLC member organizations must, like 

corporations and partnerships, also 

comply with any additional 

requirements as the rules of the 

Exchange may prescribe. The Exchange 

also proposes to add new 

Supplementary Material .16 to Rule 311 

to specify that LLC applicants for 

Exchange membership are subject to 

Rule 313.24 regarding the submission of 

copies of proposed or existing limited 

liability company documents and other 

agreements. 

The Exchange also proposes to amend 

Rule 311(f) to eliminate the geographic 

limitation on incorporation and 

domicile of corporation members. The 

first sentence of Rule 311(f) currently 

provides that every member corporation 

be a corporation ‘‘created or organized 

under the laws of, and shall maintain its 

principal place of business in, the 

United States or any State thereof.’’ 6

The Exchange does not believe that the 

Exchange’s restriction on whether 

foreign entities may be a member 

organization is consistent with either 

Federal rules or those of other selfregulatory organizations (‘‘SRO’’). For 

an example supporting its belief, the 

Exchange states that rules promulgated 

pursuant to the Act require, under 

certain circumstances, a foreign brokerdealer to register with the Commission.7

The Exchange also states that other 

SROs, including the Financial Industry 

Regulatory Authority, Inc. (‘‘FINRA’’), 

do not require their members to be 

domiciled in the United States.8

The Exchange believes that the 

current restriction in Rule 311(f) puts it 

at a competitive disadvantage because it 

restricts foreign broker-dealers that are 

registered with the Commission and are 

members of another SRO from also 

becoming Exchange member 

organizations. The Exchange notes that 

its rules already require member 

organizations to meet prerequisites as 

specified in Rule 2(b). Specifically, 

regardless of corporate form, all member 

organizations must be registered brokerdealers that are members of FINRA or 

another registered securities exchange. 

If a registered broker-dealer transacts 

business with public customers or 

conducts business on the Floor of the 

Exchange, such member organization 

must be a member of FINRA. 

The Exchange further notes that a 

member organization will be subject to 

regulatory examination and jurisdiction 

for misconduct whether or not it is 

based in the United States. However, for 

the avoidance of doubt, as discussed 

below, the Exchange proposes to add 

supplementary material to Rule 313 

based on NASD Rule 1090 that imposes 

certain requirements on foreign 

members that do not maintain an office 

in the United States. 

Rule 313 

Rule 313 sets forth certain corporate 

or partnership documents that each 

member organization must submit to 

enter into and continue in NYSE 

membership. The Rule also sets forth 

certain restrictions on capital 

withdrawals and distributions 

applicable to member corporations and 

partnerships. The Exchange proposes to 

amend Rule 313 to delineate the types 

of documents LLCs must submit that, as 

noted, mirror the requirements currently 

in place for member corporations and 

partnerships. 

First, the Exchange proposes to add a 

subsection (d) to Rule 313 requiring all 

articles of organization and operating 

documents for LLCs to be submitted for 

Exchange approval prior to becoming 

effective. Relatedly, the Exchange 

proposes to add Supplementary 

Material .24 setting forth that existing 

LLCs must promptly submit certified 

copies (to the extent possible) of articles 

of organization and operating 

agreements to the Exchange. 

Second, the Exchange proposes to add 

Supplementary Material .25 providing 

restrictions on capital withdrawals by 

LLC members that are substantially the 

same as those applicable to corporations 

and partnerships. The Supplementary 

Material would provide that the capital 

contribution of any LLC member may 

not be withdrawn on less than six 

months’ written notice of withdrawal 

given no sooner than six months after 

such contribution was first made 

without the prior written approval of 

the Exchange. The Supplementary 

Material would also specify that each 

member firm shall promptly notify the 

Exchange of the receipt of any notice of 

withdrawal of any part of a member’s 

capital contribution or if any 

withdrawal is not made because 

prohibited under the provisions of 

Securities and Exchange Commission 

Rule 15c3–1. 

Third, the Exchange proposes to add 

Supplementary Material .26 providing 

that LLCs not organized under the laws 

of New York State must subject 

themselves to the following restrictions: 

no distributions shall be declared or 

paid that impair the LLC’s capital; and 

no distribution of assets shall be made 

to any member unless the value of the 

LLC’s assets remaining after such 

payment or distribution is at least equal 

to the aggregate of its debts and 

liabilities, including capital. These 

proposed restrictions are based on 

existing restrictions applicable to 

member corporations and partnerships. 

In addition, as noted above, the 

Exchange proposes to add new 

Supplementary Material .27 to Rule 313 

specifying the requirements applicable 

to Foreign Member Organizations. The 

proposed new rule text would adopt, 

without substantive change, paragraphs 

(a), (b), and (c) of NASD Rule 1090 

(Foreign Members), which impose 

specific requirements on FINRA 

members that do not maintain an office 

in the United States responsible for 

preparing and maintaining financial and 

other reports required to be filed by the 

SEC and FINRA.9 As proposed, foreign 


tkelley on DSK3SPTVN1PROD with NOTICES
70902 Federal Register / Vol. 79, No. 229 / Friday, November 28, 2014 / Notices 

accounts in which securities transactions can be 

effected. 

10See also footnote 11, infra. 

11FINRA Rule 4110 (Capital Compliance) 

contains similar prohibitions on capital 

withdrawals by FINRA members without requiring 

that the prohibitions be reflected in a firm’s 

partnership articles or requiring a legal opinion that 

the member has made the prohibitions legally 

effective. See FINRA Rule 4110 (c)(1) (‘‘No equity 

capital of a member may be withdrawn for a period 

of one year from the date such equity capital is 

contributed, unless otherwise permitted by FINRA 

in writing.’’). 

12Under Rule 0—Equities, references to the 

Exchange also refer to FINRA staff and FINRA 

departments acting on behalf of the Exchange 

pursuant to a Regulatory Services Agreement 

(‘‘RSA’’). FINRA currently provides member 

application proceedings services to the Exchange 

pursuant to an RSA. 

13 15 U.S.C. 78f(b). 

14 15 U.S.C. 78f(b)(5). 

member organizations that do not 

maintain an office in the United States 

responsible for preparing and 

maintaining financial and other reports 

required to be filed with the 

Commission and the Exchange would be 

required to: (1) Prepare all such reports, 

and maintain a general ledger chart of 

account and any description thereof, in 

English and U.S. dollars; (2) reimburse 

the Exchange or its representatives for 

expenses incurred in connection with 

examinations of the member 

organization to the extent that such 

expenses exceed the cost of examining 

a member organization located within 

the continental United States in the 

geographic location most distant from 

the Exchange’s principal office or, in 

such other amount as the Exchange may 

deem to be an equitable allocation of 

such expenses; and (3) ensure the 

availability of an individual fluent in 

English and knowledgeable in securities 

and financial matters to assist 

representatives of the Exchange during 

examinations. 

The Exchange also proposes to 

eliminate certain restrictions, which the 

Exchange considers redundant, on 

member organizations and prospective 

member organizations organized as 

partnerships and corporations. The 

Exchange proposes to eliminate the 

requirement in Rule 313.11 that the 

partnership articles of each member 

firm provide that capital withdrawals by 

partners cannot be made without the 

prior written approval of the Exchange. 

Rule 313.11 already requires the 

Exchange’s prior written approval for 

any such capital withdrawals, and 

member organizations need to monitor 

for and comply with the prohibition, 

including whether particular 

withdrawals violate net capital 

requirements. The Exchange believes 

that because Exchange rules already 

govern this behavior, a partnership 

seeking approval as a member 

organization would not need to amend 

its partnership articles to reflect this 

existing rule requirement.10

Further, the Exchange proposes to 

eliminate the requirement in Rule 

313.20 that prospective member 

corporations submit an opinion of 

counsel stating, among other things, that 

the corporation is duly organized and 

existing, that its stock is validly issued 

and outstanding, and that the 

restrictions and provisions required by 

the Exchange on the transfer, issuance, 

conversion and redemption of its stock 

have been made legally effective. 

Corporate members are required under 

the Rule to submit relevant corporate 

documents, including articles of 

incorporation, that contain the same 

information required in the opinion of 

counsel. The Exchange represents that 

requiring a legal opinion attesting to 

facts contained in a corporation’s public 

filings is redundant and, given the 

expense, potentially a disincentive to 

smaller entities applying for Exchange 

membership. 

Similarly, the Exchange proposes to 

remove the requirement in Rule 313.23 

that the opinion of counsel submitted to 

the Exchange at the time the corporation 

applies for approval under Rule 313.20 

state the extent to which the corporation 

has made the following prohibitions 

legally effective: the prohibition on 

declaring or paying a dividend that 

impairs the capital of the corporation 

and the prohibition on distributing 

assets to any stockholder unless the 

value of the corporate assets remaining 

after such payment or distribution is at 

least equal to the aggregate of its debts 

and liabilities, including capital. Rule 

313.23 would continue to prohibit 

corporation members from declaring or 

paying dividends or distributing 

corporate assets that impair the 

corporation’s capital, and member 

corporations would not be relieved of 

the obligation to monitor and enforce 

these prohibitions. The Exchange 

believes that requiring these 

representations in a separate legal 

opinion is redundant and serves no 

necessary regulatory or other purpose.11

Finally, the Exchange proposes to 

make certain miscellaneous 

amendments to Rule 313. Specifically, 

the Exchange proposes to replace 

outdated references to ‘‘Regulation and 

Surveillance’’ with ‘‘the Exchange’’ in 

Rules 313.10 and 313.20.12 Similarly, 

the Exchange proposes to replace 

outdated references to ‘‘photostatic’’ 

copies in Rules 313.10 and 313.20 in 

connection with the submission of 

documents to the Exchange and replace 

them with ‘‘electronically or 

mechanically reproduced.’’ 

2. Statutory Basis 

The Exchange believes that the 

proposed rule change is consistent with 

Section 6(b) of the Act,13 in general, and 

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

of the Act,14 in particular, because it is 

designed to prevent fraudulent and 

manipulative acts and practices, 

promote just and equitable principles of 

trade, remove impediments to and 

perfect the mechanism of a free and 

open market and a national market 

system, and protect investors and the 

public interest. The Exchange believes 

that adding LLCs to the list of eligible 

member organizations would remove 

impediments to and perfect the 

mechanism of a free and open market 

and a national market system by 

expanding the types of organizational 

forms a member organization may take. 

The Exchange also believes that 

permitting LLCs to become member 

organizations subject to the same 

restrictions and requirements currently 

applicable to corporations and 

partnerships also protects investors and 

the public interest by holding LLCs to 

the same high standards. 

In addition, the Exchange believes 

that permitting non-United States-based 

registered broker-dealers that are 

members of FINRA or another registered 

securities exchange and that do not have 

their principal place of business in the 

United States to become Exchange 

member organizations would remove 

impediments to and perfect the 

mechanism of a free and open market by 

removing geographic restrictions on 

Exchange membership that are not 

required by FINRA or other exchanges. 

The Exchange further believes that 

broadening the Exchange membership 

pool by facilitating the participation of 

additional foreign-based U.S. registered 

broker-dealers would benefit investors 

and the public interest by increasing 

market participation and depth at the 

Exchange. Moreover, the Exchange 

believes that adoption of specific 

requirements for foreign members that 

do not maintain an office in the United 

States based on NASD Rule 1090 would 

further assure that foreign Exchange 

members, once approved, remain 

subject to regulatory examination and 

jurisdiction. 

Similarly, the Exchange represents 

that updating the Exchange’s rules to 

remove requirements, which the 

Exchange believes are redundant, that a 

member firm’s partnership articles 


tkelley on DSK3SPTVN1PROD with NOTICES
Federal Register / Vol. 79, No. 229 / Friday, November 28, 2014 / Notices 70903 

15 17 CFR 200.30–3(a)(12). 

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

2 17 CFR 240.19b–4. 

3See Exchange Rule 900.2NY (11) defining 

‘‘Clearing Member’’ as ‘‘an Exchange ATP Holder 

Continued 

provide that capital withdrawals by 

partners cannot be made without the 

prior written approval of the Exchange, 

that prospective member corporations 

submit an opinion of counsel reciting 

facts contained in its public filings, and 

that certain prohibitions have been 

made legally effective would remove 

impediments to and perfect the 

mechanism of a free and open market 

and a national market system by 

ensuring that potential member 

organizations, persons subject to the 

Exchange’s jurisdiction, regulators, and 

the public could more easily navigate 

the Exchange’s rulebook and better 

understand what obligations attach and 

when. Further, the Exchange represents 

that updating the Exchange’s rules to 

remove what the Exchange considers 

redundant requirements is also designed 

to protect investors as well as the public 

interest by providing transparency and 

reducing potential confusion regarding 

the Exchange membership process that 

may result from having what the 

Exchange characterizes as obsolete rules 

and outdated guidelines in the 

Exchange’s rulebook. For the same 

reasons, the Exchange represents that 

updating the Exchange’s rules to remove 

requirements that the Exchange 

considers outdated would remove 

impediments to and perfect the 

mechanism of a free and open market 

and a national market system and is 

equally designed to protect investors as 

well as the public interest. 

B. Self-Regulatory Organization’s 

Statement on Burden on Competition 

The Exchange does not believe that 

the proposed rule change would impose 

any burden on competition that is not 

necessary or appropriate in furtherance 

of the purposes of the Act. The 

Exchange believes that the proposed 

rule change would foster competition by 

expanding the types of organizational 

forms a member organization may take 

and, by removing geographic 

restrictions on corporate Exchange 

membership, permitting foreign brokerdealers that are members of FINRA or 

another SRO and that do not have their 

principal place of business in the 

United States to become Exchange 

member organizations. The Exchange 

represents that, by removing outdated 

and redundant provisions from the 

Exchange membership rules not found 

in the rules of other SROs and adding 

a provision found in the rules of another 

SRO, the proposed rule change also 

would foster competition by providing 

greater harmonization between 

Exchange membership requirements 

and the requirements of other SROs, 

resulting in less burdensome and more 

efficient and consistent standards for 

prospective member organizations. 

C. Self-Regulatory Organization’s 

Statement on Comments on the 

Proposed Rule Change Received From 

Members, Participants, or Others 

No written comments were solicited 

or received with respect to the proposed 

rule change. 

III. Date of Effectiveness of the 

Proposed Rule Change and Timing for 

Commission Action 

Within 45 days of the date of 

publication of this notice in the Federal 

Register or up to 90 days (i) as the 

Commission may designate if it finds 

such longer period to be appropriate 

and publishes its reasons for so finding 

or (ii) as to which the self-regulatory 

organization consents, the Commission 

will: 

(A) By order approve or disapprove 

the proposed rule change, or 

(B) institute proceedings to determine 

whether the proposed rule change 

should be 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– 

NYSEMKT–2014–97 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–NYSEMKT–2014–97. 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 Web site (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 Web site viewing and 

printing in the Commission’s Public 

Reference Section, 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 will also be available for 

inspection and copying at the NYSE’s 

principal office and on its Internet Web 

site at www.nyse.com. All comments 

received will be posted without change; 

the Commission does not edit personal 

identifying information from 

submissions. You should submit only 

information that you wish to make 

available publicly. All submissions 

should refer to File Number SR– 

NYSEMKT–2014–97 and should be 

submitted on or before December 19, 

2014. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.15

Kevin M. O’Neill, 

Deputy Secretary. 

[FR Doc. 2014–28083 Filed 11–26–14; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–73669; File No. SR– 

NYSEMKT–2014–81] 

Self-Regulatory Organizations; NYSE 

MKT LLC; Notice of Designation of a 

Longer Period for Commission Action 

on a Proposed Rule Change, as 

Modified by Amendment No. 1 Thereto, 

Amending Rule 902.1NY To Authorize 

the Exchange To Share Any UserDesignated Risk Settings in Exchange 

Systems With the Clearing Member 

That Clears Transactions on Behalf of 

the User 

November 21, 2014. 

On September 19, 2014, NYSE MKT 

LLC, (‘‘NYSE MKT’’ or ‘‘Exchange’’) 

filed with the Securities and Exchange 

Commission (the ‘‘Commission’’), 

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

Securities Exchange Act of 1934 

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

proposed rule change to amend Rule 

902.1NY to authorize the Exchange to 

share any User-designated risk settings 

in Exchange systems with the Clearing 

Member 3 that clears transactions on 


tkelley on DSK3SPTVN1PROD with NOTICES