46586 Federal Register / Vol. 82, No. 192 / Thursday, October 5, 2017 / Notices 

17 17 CFR 200.30–3(a)(12). 

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

2 15 U.S.C. 78a. 

3 17 CFR 240.19b–4. 

4See Securities Exchange Act Release No. 79902 

(January 30, 2017), 82 FR 9258 (February 3, 2017) 

(SR–NSX–2016–16). Prior to the Acquisition, the 

Exchange was named ‘‘National Stock Exchange, 

Inc.’’ NYSE Group is a wholly-owned subsidiary of 

NYSE Holdings LLC, which is wholly owned by 

Intercontinental Exchange Holdings, Inc., a direct 

wholly-owned subsidiary of ICE. ICE is a public 

company listed on the New York Stock Exchange 

LLC (the ‘‘NYSE’’). 

5See Securities Exchange Act Release No. 80018 

(February 10, 2017), 82 FR 10947 (February 16, 

2017) (SR–NSX–2017–04). 

6See 82 FR 9258, supra note 4. 

7See Trader Update dated January 18, 2017, 

available here: https://www.nyse.com/publicdocs/ 

nyse/markets/nyse/NYSE_Group_NSX_Member_

Notice.pdf. 

8See Securities Exchange Act Release No. 81419 

(August 17, 2017), 82 FR 40044 (August 23, 2017) 

(SR–NYSEArca–2017–40), at 40046. Because the 

Exchange only has an equities market, the proposed 

rule framework would not require the ‘‘–E’’ 

designation for Rules 4 through 9. 

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; 

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– 

BatsBZX–2017–63 and should be 

submitted on or before October 26, 

2017. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.17

Eduardo A. Aleman, 

Assistant Secretary. 

[FR Doc. 2017–21412 Filed 10–4–17; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–81782; File No. SR– 

NYSENat–2017–04] 

Self-Regulatory Organizations; NYSE 

National, Inc.; Notice of Filing and 

Immediate Effectiveness of Proposed 

Rule Change To Adopt Rules To 

Establish a Rule Numbering 

Framework in Connection With the ReLaunch of Trading on the Exchange 

September 29, 2017. 

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 

September 28, 2017, NYSE National, 

Inc. (the ‘‘Exchange’’ or ‘‘NYSE 

National’’) 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 self-regulatory 

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 the Substance 

of the Proposed Rule Change 

The Exchange proposes to adopt rules 

to establish a rule numbering framework 

in connection with the re-launch of 

trading on the Exchange. 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 

NYSE National, in connection with 

the re-launch of its trading operations, 

proposes to adopt rules to establish a 

rule numbering framework. The 

Exchange proposes to establish this 

framework in order to facilitate the 

amendment and re-publication of its 

new rule book in advance of the relaunch of trading operations on the 

Exchange. 

On January 31, 2017, Intercontinental 

Exchange, Inc. (‘‘ICE’’), through its 

wholly-owned subsidiary NYSE Group, 

acquired all of the outstanding capital 

stock of the Exchange (the 

‘‘Acquisition’’).4

Immediately following the closing of 

the Acquisition, effective February 1, 

2017, NYSE National ceased trading 

operations.5 NYSE National continues 

to be registered as a national securities 

exchange and has rules that are distinct 

from the rules of the three other 

registered national securities exchanges 

owned by NYSE Group, namely, NYSE, 

NYSE American LLC, and NYSE Arca, 

Inc. (‘‘NYSE Arca’’, and together, the 

‘‘NYSE Exchanges’’).6

In connection with the Acquisition, 

NYSE Group announced its plans to 

migrate NYSE National to the NYSE 

Pillar platform, which is an integrated 

trading technology platform designed to 

use a single specification for connecting 

to the equities and options markets 

operated by the NYSE Exchanges.7 The 

Exchange now proposes to re-launch 

trading using the NYSE Pillar platform. 

To that end, in connection with the 

re-launch of trading operations 

following the migration to Pillar, the 

Exchange proposes to adopt the rule 

numbering framework of the rules 

governing the NYSE Arca equities 

market. The Exchange believes that if it 

and its affiliates are operating on the 

same trading platform, using the same 

rule numbering scheme across all 

markets using the NYSE Pillar platform 

will make it easier for members, the 

public and the Commission to navigate 

the rules of each market. The Exchange 

therefore proposes to adopt a framework 

of rule numbering that is based on the 

current rules governing the NYSE Arca 

equities market: NYSE Arca Rules 0 

through 3, 4–E through 9–E, and 10 

through 14.8

As proposed, this framework would 

use the current rule numbering scheme 

of the rules governing the NYSE Arca 

equities market, and would consist of 

the following proposed rules: 

RULE 0 REGULATION OF THE 

EXCHANGE AND ETP HOLDERS 

RULE 1 DEFINITIONS 

RULE 2 TRADING PERMITS 

RULE 3 ORGANIZATION AND 

ADMINISTRATION 

RULE 4 CAPITAL REQUIREMENTS, 

FINANCIAL REPORTS, MARGIN 

RULE 5 EQUITIES LISTINGS 

RULE 6 ORDER AUDIT TRAIL 

SYSTEM 

RULE 7 EQUITIES TRADING 

RULE 8 TRADING OF CERTAIN 

EXCHANGE DERIVATIVES 

RULE 9 CONDUCTING BUSINESS 

WITH THE PUBLIC 

RULE 10 DISCIPLINARY 

PROCEEDINGS, OTHER HEARINGS 

AND APPEALS 

RULE 11 BUSINESS CONDUCT 

RULE 12 ARBITRATION 


ethrower on DSK3G9T082PROD with NOTICES
Federal Register / Vol. 82, No. 192 / Thursday, October 5, 2017 / Notices 46587 

9 15 U.S.C. 78f(b). 

10 15 U.S.C. 78f(b)(5). 

11 15 U.S.C. 78s(b)(3)(A)(iii). 

12 17 CFR 240.19b–4(f)(6). 13 17 CFR 200.30–3(a)(12). 

RULE 13 CANCELLATION, 

SUSPENSION, AND 

REINSTATEMENT 

RULE 14 LIABILITY OF DIRECTORS 

AND EXCHANGE 

The Exchange proposes to establish 

this framework in order to facilitate the 

amendment and re-publication of its 

new rule book in advance of the relaunch of trading operations on the 

Exchange. The Exchange intends to file 

separate proposed rules changes for the 

substantive areas identified in its new 

rule book, as well as the related price 

list. 

2. Statutory Basis 

The proposed rule change is 

consistent with Section 6(b) of the 

Securities Exchange Act of 1934 (the 

‘‘Act’’),9 in general, and furthers the 

objectives of Section 6(b)(5),10 in 

particular, because 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 

mechanism of, a free and open market 

and a national market system and, in 

general, to protect investors and the 

public interest. The Exchange believes 

that the proposed rules would remove 

impediments to and perfect the 

mechanism of a free and open market 

because the proposed rule set 

establishing a rule numbering 

framework would promote transparency 

in Exchange rules by using consistent 

rule numbers with the equities market 

of NYSE Arca, which is the first market 

that migrated to the Pillar trading 

platform. The Exchange believes that 

using a common framework of rule 

numbers for the equity markets that 

operate on the Pillar trading platform 

will better allow members, regulators, 

and the public to navigate the 

Exchange’s rulebook and better 

understand how equity trading is 

conducted on the Exchange. 

B. Self-Regulatory Organization’s 

Statement on Burden on Competition 

The Exchange does not believe that 

the proposed rule change will impose 

any burden on competition that is not 

necessary or appropriate in furtherance 

of the purposes of the Act. The 

proposed rule change is not designed to 

address any competitive issue but rather 

to adopt a new rule numbering 

framework to support the Exchange’s 

amendment and re-publication of its 

rule book that in turn will support the 

re-launch of its trading platform. The 

Exchange believes that the proposed 

rule change would promote consistency 

and transparency on both the Exchange 

and its affiliate NYSE Arca, thus making 

the Exchange’s rules easier to navigate. 

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 

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 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)(iii) of the Act 11 and 

subparagraph (f)(6) of Rule 19b–4 

thereunder.12

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: (i) Necessary or appropriate in 

the public interest; (ii) for the protection 

of investors; or (iii) 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– 

NYSENat–2017–04 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–NYSENat–2017–04. 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 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 

offices of the Exchange. 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– 

NYSENat–2017–04, and should be 

submitted on or before October 26, 

2017. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.13

Eduardo A. Aleman, 

Assistant Secretary. 

[FR Doc. 2017–21414 Filed 10–4–17; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Investment Company Act Release No. 

32846] 

Notice of Applications for 

Deregistration Under Section 8(f) of the 

Investment Company Act of 1940 

September 29, 2017. 

The following is a notice of 

applications for deregistration under 

section 8(f) of the Investment Company 

Act of 1940 for the month of September 

2017. A copy of each application may be 

obtained via the Commission’s Web site 

by searching for the file number, or for 


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