Federal Register / Vol. 82, No. 177 / Thursday, September 14, 2017 / Notices 43261 

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

2 17 CFR 240.19b–4. 

3See Securities Exchange Act Release No. 81263 

(July 31, 2017), 82 FR 36497 (August 4, 2017) (SR– 

ISE–2017–32) (hereinafter, ‘‘Governance Approval 

Order’’). 

4 Id. 

5See Securities Exchange Act Release No. 81422 

(August 17, 2017), 82 FR 40026 (August 23, 2017) 

(SR–GEMX–2017–37) (Notice of Filing of Proposed 

Rule Change to Adopt New Corporate Governance). 

6See Governance Approval Order at 36504 and 

accompanying footnote 113. See also Securities 

Exchange Act Release No. 80530 (April 26, 2017), 

82 FR 20508 (May 2, 2017) (SR–ISE–2017–32) 

(hereinafter, ‘‘Notice of Filing’’) at 20521. The 

Exchange states in both the Governance Approval 

Order and Notice of Filing that amendments to the 

proposed By-Laws may be enacted by ‘‘either the 

Sole LLC Member or the vote of a majority of the 

whole Board.’’ 

www.prc.gov, Docket Nos. MC2017–195, 

CP2017–296. 

Elizabeth A. Reed, 

Attorney, Corporate and Postal Business Law. 

[FR Doc. 2017–19469 Filed 9–13–17; 8:45 am] 

BILLING CODE 7710–12–P 

POSTAL SERVICE 

Product Change—Priority Mail 

Negotiated Service Agreement 

AGENCY: Postal ServiceTM. 

ACTION: Notice. 

SUMMARY: The Postal Service gives 

notice of filing a request with the Postal 

Regulatory Commission to add a 

domestic shipping services contract to 

the list of Negotiated Service 

Agreements in the Mail Classification 

Schedule’s Competitive Products List. 

DATES: Date of notice required under 39 

U.S.C. 3642(d)(1): September 14, 2017. 

FOR FURTHER INFORMATION CONTACT: 

Elizabeth A. Reed, 202–268–3179. 

SUPPLEMENTARY INFORMATION: The 

United States Postal Service® hereby 

gives notice that, pursuant to 39 U.S.C. 

3642 and 3632(b)(3), on September 8, 

2017, it filed with the Postal Regulatory 

Commission a Request of the United 

States Postal Service to Add Priority 

Mail Contract 354 to Competitive 

Product List. Documents are available at 

www.prc.gov, Docket Nos. MC2017–196, 

CP2017–297. 

Elizabeth A. Reed, 

Attorney, Corporate and Postal Business Law. 

[FR Doc. 2017–19471 Filed 9–13–17; 8:45 am] 

BILLING CODE 7710–12–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–81555; File No. SR–ISE– 

2017–80] 

Self-Regulatory Organizations; Nasdaq 

ISE, LLC; Notice of Filing and 

Immediate Effectiveness of Proposed 

Rule Change To Delay Implementation 

of SR–ISE–2017–32 

September 8, 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 August 

28, 2017, Nasdaq ISE, LLC (‘‘ISE’’ or 

‘‘Exchange’’) filed with the Securities 

and Exchange Commission (‘‘SEC’’ or 

‘‘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 delay the 

implementation of SR–ISE–2017–32, 

and to make non-substantive, technical 

amendments to the new By-Laws filed 

as part of that rule change proposal. 

The text of the proposed rule change 

is available on the Exchange’s Web site 

at www.ise.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 

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 the proposal is to 

delay the implementation of SR–ISE– 

2017–32 (hereinafter, ‘‘Governance 

Proposal’’) and to make non-substantive, 

technical amendments to the new ByLaws filed as part of that rule change. 

The changes are described in detail 

below. 

The Exchange received approval of its 

Governance Proposal on July 31, 2017.3

Within that rule change, the Exchange 

proposed to implement the Governance 

Proposal no later than by the end of the 

third quarter of 2017 (i.e., by September 

30, 2017).4 The Exchange notes that its 

affiliates, Nasdaq GEMX, LLC and 

Nasdaq MRX, LLC have submitted or 

will submit nearly identical proposed 

rule changes, but stated or will state in 

their proposals that they intend to 

implement the proposed rule changes 

no later than by the end of the fourth 

quarter of 2017 (i.e., by December 31, 

2017).5 As such, the Exchange proposes 

to delay the implementation of the 

Governance Proposal from a date no 

later than September 30, 2017 to a date 

no later than December 31, 2017 in 

order to align the implementation of the 

Governance Proposal with its affiliates. 

The Exchange will announce the 

specific date in advance through a 

Regulatory Alert. 

The Exchange also proposes to make 

minor clarifications to the proposed ByLaws that were filed as part of the 

Governance Proposal. First, the 

Exchange proposes to amend the last 

sentence in proposed By-Law Article III, 

Section 5(c) by changing the current 

reference therein to Rule 4200 of the 

Rules of the NASDAQ Stock Market LLC 

to Rule 5605. The definition of 

‘‘independent director’’ is set forth in 

Rule 5605 of the NASDAQ Stock Market 

LLC, and not Rule 4200, so the 

Exchange seeks to correct this reference 

in its proposed By-Laws. The Exchange 

also proposes to correct certain typos in 

the same sentence to indicate that the 

portion therein that starts with ‘‘the 

Regulatory Oversight Committee shall 

consist of three members . . .’’ is a 

separate, new sentence. 

In addition, the Exchange proposes to 

replace the first sentence in proposed 

By-Law Article VIII, Section 1 with the 

following: ‘‘These By-Laws may be 

altered, amended, or repealed, or new 

By-Laws may be adopted, by a 

resolution adopted by the Board at any 

regular or special meeting of the Board 

or a written agreement executed and 

delivered by the Company Member.’’ 

By-Law Article VIII, Section 1, which 

contains By-Law amendment 

provisions, is intended to authorize 

amendments to the By-Laws by either 

the Company Member (i.e., International 

Securities Exchange Holdings, Inc.) or 

the majority of the Exchange’s Board of 

Directors.6 For one, Section 1’s title 

itself states ‘‘By the Company Member 

or Board’’ to indicate that either the 

Company Member or the Board is 

authorized to amend the proposed ByVerDate Sep<11>2014 16:41 Sep 13, 2017 Jkt 241001 PO 00000 Frm 00046 Fmt 4703 Sfmt 4703 E:\FR\FM\14SEN1.SGM 14SEN1

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