Federal Register / Vol. 82, No. 186 / Wednesday, September 27, 2017 / Notices 45095 

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

2 17 CFR 240.19b–4. 

3See Securities Exchange Act Release No. 81311 

(August 3, 2017), 82 FR 37248. 

4 In Amendment No. 1, the Exchange updated 

Item 2, ‘‘Procedures of the Self-Regulatory 

Organization,’’ in Form 19b–4 of the proposal to 

reflect the approval of the proposal by the 

Exchange’s Board of Directors on July 21, 2017. 

When the Exchange filed Amendment No. 1 with 

the Commission, it also submitted Amendment No. 

1 to the public comment file for SR–NASDAQ– 

2017–074 (available at: https://www.sec.gov/ 

comments/sr-nasdaq-2017-074/nasdaq

2017074.htm). Because Amendment No. 1 is a 

technical amendment that does not alter the 

substance of the proposed rule change, it is not 

subject to notice and comment. 

5See Letters to Brent J. Fields, Secretary, 

Commission, from Stephen John Berger, Managing 

Director, Government & Regulatory Policy, Citadel 

Securities, dated August 30, 2017; Ray Ross, Chief 

Technology Officer, The Clearpool Group, dated 

September 12, 2017; and Joanna Mallers, Secretary, 

FIA Principal Traders Group, dated September 19, 

2017. 

6 15 U.S.C. 78s(b)(2). 

7 15 U.S.C. 78s(b)(2). 

8 17 CFR 200.30–3(a)(31). 

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

2 15 U.S.C. 78a. 

3 17 CFR 240.19b–4. 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–81668; File No. SR– 

NASDAQ–2017–074] 

Self-Regulatory Organizations; The 

Nasdaq Stock Market LLC; Notice of 

Designation of Longer Period for 

Commission Action on Proposed Rule 

Change, as Modified by Amendment 

No. 1, To Adopt the Midpoint Extended 

Life Order 

September 21, 2017. 

On July 21, 2017, The Nasdaq Stock 

Market LLC (‘‘Nasdaq’’ or ‘‘Exchange’’) 

filed with the Securities and Exchange 

Commission (‘‘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 adopt the Midpoint Extended 

Life Order. The proposed rule change 

was published for comment in the 

Federal Register on August 9, 2017.3 On 

August 9, 2017, the Exchange filed 

Amendment No. 1 to the proposed rule 

change.4 The Commission has received 

three comment letters on the proposal.5

Section 19(b)(2) of the Act 6 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 for this filing 

is September 23, 2017. 

The Commission is extending the 45- 

day time period for Commission action 

on the proposed rule change. The 

Commission finds that 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 the Exchange’s proposal, the 

comments received, and any response to 

the comments by the Exchange. 

Accordingly, pursuant to Section 

19(b)(2) of the Act 7 and for the reasons 

stated above, the Commission 

designates November 7, 2017, as the 

date by which the Commission shall 

either approve or disapprove, or 

institute proceedings to determine 

whether to disapprove, the proposed 

rule change (File No. SR–NASDAQ– 

2017–074), as modified by Amendment 

No. 1. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.8

Eduardo A. Aleman, 

Assistant Secretary. 

[FR Doc. 2017–20623 Filed 9–26–17; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–81670; File No. SR– 

NYSEAMER–2017–18] 

Self-Regulatory Organizations; NYSE 

American LLC; Notice of Filing and 

Immediate Effectiveness of Proposed 

Rule Change To Update and Amend its 

Options Rules, as Described Herein, 

To Reduce Unnecessary Complexity 

and To Promote Standardization and 

Clarity 

September 21, 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 11, 2017, NYSE American 

LLC (the ‘‘Exchange’’ or ‘‘NYSE 

American’’) 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 update and 

amend its options rules, as described 

herein, to reduce unnecessary 

complexity and to promote 

standardization and clarity. 

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 

Statutory Basis for, the Proposed Rule 

Change 

1. Purpose 

The Exchange proposes to update and 

amend its options rules as follows: (1) 

Delete Rules 965 and 970 and replace 

them with new Rules 915NY, 915.1NY, 

915.2NY and 915.3NY, in order to 

update its rules governing the 

verification of compared trades and the 

reconciliation of uncompared trades, 

and simultaneously to conform the 

Exchange’s rules to the rules of NYSE 

Arca, Inc. (‘‘NYSE Arca’’), its affiliated 

exchange, and to update the crossreferences to Rules 965 and 970 in Rules 

900F and 900H accordingly; (2) amend 

Rule 900.2NY(29) to clarify the 

definition of Floor Market Maker; (3) 

amend Rule 902NY to replace an 

outdated reference to the Options 

Surveillance Department; (4) amend 

Rule 920NY(a) to clarify the definition 

of Market Maker and to conform the 

Exchange’s rules to the rules of NYSE 

Arca; (5) amend Rule 930NY to replace 

the definition of ‘‘Professional 

Customer’’ with ‘‘Qualified Customer’’ 

in connection with the limited public 

business that qualified Floor Brokers 

and their Floor Clerks may conduct; (6) 

amend Rule 934NY to update the 


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