51312 Federal Register / Vol. 82, No. 212 / Friday, November 3, 2017 / Notices 

11See supra note 3. 

12 15 U.S.C. 78s(b)(2). 

13 17 CFR 200.30–3(a)(57). 

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

2 17 CFR 240.19b–4. 

3See Securities Exchange Act Release No. 81739 

(September 27, 2017), 82 FR 46111 (October 3, 

2017) (SR–MIAX–2017–39). 

4 15 U.S.C. 78f(b). 

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

Commission determines that a longer 

period is appropriate and publishes the 

reasons for such determination. The 

proposed rule change was published for 

notice and comment in the Federal 

Register on May 4, 2017.11 October 31, 

2017, is 180 days from that date, and 

December 30, 2017, is an additional 60 

days from that date. 

The Commission finds it appropriate 

to designate a longer period within 

which to issue an order approving or 

disapproving the proposed rule change 

so that it has sufficient time to consider 

the proposed rule change and the issues 

raised in the comment letters that have 

been submitted in connection therewith. 

Accordingly, the Commission, pursuant 

to Section 19(b)(2) of the Act,12

designates December 30, 2017, as the 

date by which the Commission should 

either approve or disapprove the 

proposed rule change (File No SR– 

NYSEArca–2017–36). 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.13

Eduardo A. Aleman, 

Assistant Secretary. 

[FR Doc. 2017–23923 Filed 11–2–17; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–81976; File No. SR–MIAX– 

2017–43] 

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, 1322, and 517 

October 30, 2017. 

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 October 16, 2017, 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 1322, Options 

Communications; and Rule 517, Quote 

Types Defined. 

The text of the proposed rule change 

is available on the Exchange’s Web site 

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 1322, Options 

Communications; and Rule 517, Quote 

Types Defined, to make minor nonsubstantive corrective changes. 

First, the Exchange proposes to 

amend Exchange Rule 700 to remove a 

duplicate item identifier. The Exchange 

recently amended Rule 700 by adding 

new paragraph (h).3 However, the 

Exchange inadvertently numbered the 

paragraph as (h) when it should have 

been numbered as (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(h) to be renumbered to 

Rule 700(l). 

Second, the Exchange proposes to 

amend Exchange Rule 1322, Options 

Communications to make minor 

corrective changes to the numerical list 

item identifiers to properly conform to 

the hierarchical heading scheme used 

throughout the Exchange’s rulebook. 

Paragraph (a) currently reads, 

‘‘Definitions. For purposes of this Rule 

and any interpretation thereof, ‘options 

communications’ consist of:.’’ The 

language after the word ‘‘Definition’’ 

should be in a separate sub-paragraph, 

therefore, the Exchange proposes to 

amend this Rule to move the language 

after the word ‘‘Definition’’ to subparagraph (a)(1). Accordingly, subparagraphs (a)(1) through (a)(3) will be 

renumbered as (a)(1)(i) through 

(a)(1)(iii); sub-paragraph (a)(4) will be 

renumbered as (a)(2); sub-paragraphs 

(a)(4)(1) through (a)(4)(3) will be 

renumbered as (a)(2)(i) through 

(a)(2)(iii); sub-paragraph (a)(5) will be 

renumbered as (a)(3); sub-paragraphs 

(a)(5)(A) through (a)(5)(F) will be 

renumbered as (a)(3)(i) through 

(a)(3)(vi); sub-paragraphs (h)(i) through 

(h)(viii) will be renumbered as (h)(1) 

through (h)(8); and finally, the reference 

to Rule (a)(4) located in current Rule 

(a)(5) will be renumbered to reference 

Rule (a)(2). 

Finally, the Exchange proposes to 

amend Exchange Rule 517(a)(2)(i) to 

correct a typographical error. Currently, 

the second to last sentence reads ‘‘[i]f 

the Exchange determines to establish a 

limit, it will be no more ten Day 

eQuotes on the same side of an 

individual option.’’ The word ‘‘than’’ is 

missing between the words ‘‘more’’ and 

‘‘ten.’’ Therefore, the Exchange proposes 

to amend the sentence to read ‘‘[i]f the 

Exchange determines to establish a 

limit, it will be no more than ten Day 

eQuotes on the same side of an 

individual option.’’ 

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) 

of the Act 5 in particular, in that they are 

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 


ethrower on DSK3G9T082PROD with NOTICES
Federal Register / Vol. 82, No. 212 / Friday, November 3, 2017 / Notices 51313 

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). 

9 17 CFR 240.19b–4(f)(6). In addition, Rule 19b– 

4(f)(6)(iii) 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. 

10 17 CFR 200.30–3(a)(12). 

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

2 17 CFR 240.19b–4. 

3See Phlx Rule 1034 (defining terms of the 

Options Penny Pilot). 

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 1322, 

Options Communications; and Rule 517, 

Quote Types Defined 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 

Pursuant to Section 19(b)(3)(A) of the 

Act 7 and Rule 19b–4(f)(6) 8 thereunder, 

the Exchange has designated this 

proposal as one that effects a change 

that: (i) Does not significantly affect the 

protection of investors or the public 

interest; (ii) does not impose any 

significant burden on competition; and 

(iii) by its terms, does not become 

operative for 30 days after the date of 

the filing, or such shorter time as the 

Commission may designate if consistent 

with the protection of investors and the 

public interest.9

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. 

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–2017–43 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–MIAX–2017–43. 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 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–2017–43 and should 

be submitted on or before November 24, 

2017. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.10

Eduardo A. Aleman, 

Assistant Secretary. 

[FR Doc. 2017–23922 Filed 11–2–17; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–81980; File No. SR–Phlx– 

2017–34] 

Self-Regulatory Organizations; Nasdaq 

PHLX LLC; Notice of Filing of 

Amendment No. 1, and Order Granting 

Accelerated Approval of a Proposed 

Rule Change, as Modified by 

Amendment No. 1, To add an 

Exception to Phlx Rule 1000(f)(iii) for 

Certain Floor Broker Transactions and 

add the Snapshot Functionality to the 

Options Floor Broker Management 

System 

October 30, 2017. 

I. Introduction 

On July 18, 2017, Nasdaq PHLX LLC 

(‘‘Phlx’’ 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 

add an exception to Phlx Rule 

1000(f)(iii) to permit Floor Brokers to 

execute (1) multi-leg orders and (2) 

simple orders in options on Exchange 

Trade Funds (‘‘ETFs’’) that are included 

in the Options Penny Pilot,3 in the 


ethrower on DSK3G9T082PROD with NOTICES