Federal Register / Vol. 82, No. 217 / Monday, November 13, 2017 / Notices 52345 

12 15 U.S.C. 78f(b)(8). 

13 15 U.S.C. 78s(b)(3)(A). 

14 17 CFR 240.19b–4(f)(2). 15 15 U.S.C. 78s(b)(2)(B). 

16 17 CFR 200.30–3(a)(12). 

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

2 17 CFR 240.19b–4. 

and 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 non-substantive change proposed 

is intended solely to reflect the name 

change of ‘‘NYSE Global Index’’ to ‘‘ICE 

Data Global Index.’’ The proposed rule 

change, therefore would remove 

impediments to, and perfect the 

mechanisms of, a free and open market 

and a national market system and, in 

general, protect investors and the public 

interest because it would update the 

Price List to reflect the name change, 

increasing the clarity and transparency 

of the Exchange’s rules. 

For the reasons above, the proposed 

changes would not unfairly discriminate 

between or among market participants 

that are otherwise capable of satisfying 

any applicable co-location fees, 

requirements, terms and conditions 

established from time to time by the 

Exchange. 

For these reasons, the Exchange 

believes that the proposal is consistent 

with the Act. 

B. Self-Regulatory Organization’s 

Statement on Burden on Competition 

In accordance with Section 6(b)(8) of 

the Act,12 the Exchange believes that the 

proposed rule change will not impose 

any burden on competition that is not 

necessary or appropriate in furtherance 

of the purposes of the Act because it is 

solely intended to reflect the name 

change of ‘‘NYSE Global Index’’ to ‘‘ICE 

Data Global Index.’’ No other change is 

proposed. 

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 

The foregoing rule change is effective 

upon filing pursuant to Section 

19(b)(3)(A) 13 of the Act and 

subparagraph (f)(2) of Rule 19b–4 14

thereunder, because it establishes a due, 

fee, or other charge imposed by the 

Exchange. 

At any time within 60 days of the 

filing of such 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. If the 

Commission takes such action, the 

Commission shall institute proceedings 

under Section 19(b)(2)(B) 15 of the Act to 

determine whether the proposed rule 

change 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– 

NYSE–2017–55 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–NYSE–2017–55. 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–NYSE–2017–55 and should 

be submitted on or before December 4, 

2017. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.16

Eduardo A. Aleman, 

Assistant Secretary. 

[FR Doc. 2017–24438 Filed 11–9–17; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–82020; File No. SR–NYSE– 

2017–56] 

Self-Regulatory Organizations; New 

York Stock Exchange LLC; Notice of 

Filing and Immediate Effectiveness of 

Proposed Rule Change To Amend 

Certain of Its Listing Fees 

November 6, 2017. 

Pursuant to 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 

30, 2017, New York Stock Exchange 

LLC (‘‘NYSE’’ or the ‘‘Exchange’’) filed 

with the Securities and Exchange 

Commission (‘‘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 amend 

certain of its listing fees. 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 


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52346 Federal Register / Vol. 82, No. 217 / Monday, November 13, 2017 / Notices 

3The affected securities are as follows: Primary 

class of common shares (including Equity 

Investment Tracking Stock); each additional class of 

common shares (including tracking stock); primary 

class of preferred stock (if no class of common 

shares is listed); each additional class of preferred 

stock (whether primary class is common stock or 

preferred stock); each class of warrants; structured 

products listed under Section 703.19 [sic]; and 

short term securities. 

4 Domestic debt of issuers not subject to 

registration under the Act is exempt from all listing 

fees. 

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

6 15 U.S.C. 78f(b)(4). 

7 15 U.S.C. 78f(b)(5). 

8 15 U.S.C. 78s(b)(3)(A). 

9 17 CFR 240.19b–4(f)(2). 

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 

Chapter Nine of the Manual to amend 

certain of its listing fee provisions. The 

amended fees will take effect in the 

2018 calendar year. The following are 

the proposed fee increases: 

• For certain listed securities, the per 

share fee would increase from $0.00105 

per share to $0.00108.3

• The minimum annual fee 

applicable to the primary class of 

common shares (including Equity 

Investment Tracking Stock) or the 

primary class of preferred stock (if no 

class of common shares is listed) listed 

under Section 703.05 [sic] would 

increase from $59,500 to $65,000. 

• The minimum annual fee 

applicable to structured products listed 

under Section 703.19 [sic] would 

increase from $20,000 to $25,000. 

• The initial and annual listing fees 

for debt listed under Section 102.03 and 

103.05 of NYSE equity issuers and 

affiliated companies would each 

increase from $20,000 to $25,000. 

• The initial and annual listing fees 

for debt listed under Section 102.03 and 

103.05 of companies other than NYSE 

equity issuers and affiliated companies 

would increase from $40,000 to 

$45,000.4

• The initial and annual listing fees 

for securities (including short-term 

securities) that list under the debt 

standard in Section 703.19 and trade on 

NYSE Bonds would increase from 

$20,000 to $25,000. 

As described below, the Exchange 

proposes to make the aforementioned 

fee increases to better reflect the 

Exchange’s costs related to listing the 

above-referenced types of securities and 

the corresponding value of such listing 

to issuers. 

The Exchange also proposes to 

remove a number of references 

throughout Chapter Nine to (i) fees that 

are no longer applicable as they were 

superseded by new fee rates specified in 

the rule text and (ii) effectiveness dates 

of revised fee levels with respect to 

which the effective date has now 

passed. 

2. Statutory Basis 

The Exchange believes that the 

proposed rule change is consistent with 

Section 6(b) of the Act,5 in general, and 

furthers the objectives of Section 

6(b)(4) 6 of the Act, in particular, in that 

it is designed to provide for the 

equitable allocation of reasonable dues, 

fees, and other charges. The Exchange 

also believes that the proposed rule 

change is consistent with Section 6(b)(5) 

of the Act,7 in that it is designed to 

promote just and equitable principles of 

trade, to foster cooperation and 

coordination with persons engaged in 

regulating, clearing, settling, processing 

information with respect to, and 

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 and is not designed to 

permit unfair discrimination between 

customers, issuers, brokers, or dealers. 

The Exchange believes that it is 

reasonable to amend Chapter Nine of 

the Manual to increase the various 

listing fees as set forth above. In that 

regard, the Exchange notes that it 

continues to improve and increase the 

services it provides to listed companies. 

These improvements include the 

continued development and 

enhancement of an interactive webbased platform designed to improve 

communication between the Exchange 

and listed companies, the availability to 

listed companies of the Exchange’s new 

state-of-the-art conference facilities at 11 

Wall Street, and continued development 

and content in an investor relations tool 

available to all listed companies which 

provides companies with information 

enabling them to better understand the 

trading and ownership of their 

securities. 

The Exchange believes that the 

proposed fee increases are equitably 

allocated because the per share fee 

increase will be the same for all issuers 

on the Exchange. Therefore, the 

proposed fee increases will not be 

unfairly discriminatory towards any 

individual issuer. The Exchange 

believes it is consistent with Section 

6(b)(5) of the Act to apply different fees 

to bonds of companies that do not have 

their equity securities listed on the 

NYSE than to companies with NYSElisted equity securities and their 

affiliates, as there is a greater regulatory 

and administrative burden associated 

with listing bonds of companies with 

which the Exchange does not otherwise 

have a regulatory or listing relationship. 

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 designed to 

ensure that the fees charged by the 

Exchange accurately reflect the services 

provided and benefits realized by listed 

companies. The market for listing 

services is extremely competitive. Each 

listing exchange has a different fee 

schedule that applies to issuers seeking 

to list securities on its exchange. Issuers 

have the option to list their securities on 

these alternative venues based on the 

fees charged and the value provided by 

each listing. Because issuers have a 

choice to list their securities on a 

different national securities exchange, 

the Exchange does not believe that the 

proposed fee changes impose a burden 

on competition. 

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 

The foregoing rule change is effective 

upon filing pursuant to Section 

19(b)(3)(A) 8 of the Act and 

subparagraph (f)(2) of Rule 19b–4 9

thereunder, because it establishes a due, 

fee, or other charge imposed by the 

Exchange. 

At any time within 60 days of the 

filing of such 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 


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Federal Register / Vol. 82, No. 217 / Monday, November 13, 2017 / Notices 52347 

10 15 U.S.C. 78s(b)(2)(B). 

11 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. 

4The Exchange initially filed rule changes 

relating to its co-location services with the 

Commission in 2010. See Securities Exchange Act 

Release No. 63275 (November 8, 2010), 75 FR 70048 

(November 16, 2010) (SR–NYSEArca–2010–100). 

The Exchange operates a data center in Mahwah, 

New Jersey (the ‘‘data center’’) from which it 

provides co-location services to Users. 

5For purposes of the Exchange’s co-location 

services, a ‘‘User’’ means any market participant 

that requests to receive co-location services directly 

from the Exchange. See Securities Exchange Act 

Release No. 76010 (September 29, 2015), 80 FR 

60197 (October 5, 2015) (SR–NYSEArca–2015–82). 

As specified in the Price List, a User that incurs colocation fees for a particular co-location service 

pursuant thereto would not be subject to co-location 

fees for the same co-location service charged by the 

Exchange’s affiliates New York Stock Exchange LLC 

(‘‘NYSE LLC’’) and NYSE American LLC (‘‘NYSE 

American’’ and, together with NYSE LLC, the 

‘‘Affiliate SROs’’). See Securities Exchange Act 

Release No. 70173 (August 13, 2013), 78 FR 50459 

(August 19, 2013) (SR–NYSEArca–2013–80). 

6See Securities Exchange Act Release No. 80310 

(March 24, 2017), 82 FR 15763 (March 30, 2017) 

(SR–NYSEArca–2016–89). 

7The NYSE Global Index feed includes index and 

exchange traded product valuations data, with data 

drawn from the Exchange, the Affiliate SROS, and 

third party exchanges. Because it includes third 

party data, the NYSE Global Index feed is 

considered a Third Party Data Feed. See id., at 

15771. 

the purposes of the Act. If the 

Commission takes such action, the 

Commission shall institute proceedings 

under Section 19(b)(2)(B) 10 of the Act to 

determine whether the proposed rule 

change 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– 

NYSE–2017–56 on the subject line. 

Paper Comments 

• Send paper comments in triplicate 

to Brent J. Fields, Secretary, Securities 

and Exchange Commission, 100 F Street 

NE., Washington, DC 20549–1090. 

All submissions should refer to File 

Number SR–NYSE–2017–56. 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 

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–NYSE–2017–56, and 

should be submitted on or before 

December 4, 2017. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.11

Eduardo A. Aleman, 

Assistant Secretary. 

[FR Doc. 2017–24440 Filed 11–9–17; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–82016; File No. SR– 

NYSEARCA–2017–124] 

Self-Regulatory Organizations; NYSE 

Arca, Inc.; Notice of Filing and 

Immediate Effectiveness of Proposed 

Rule Change To Amend the NYSE Arca 

Options Fees and Charges Schedule 

and the NYSE Arca Equities Fees and 

Charges Schedule Relating to CoLocation Services To Reflect the Name 

Change of a Third Party Data Feed 

November 6, 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 October 

25, 2017, NYSE Arca, Inc. (‘‘Exchange’’ 

or ‘‘NYSE Arca’’) filed with the 

Securities and Exchange Commission 

(‘‘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 Substance of 

the Proposed Rule Change 

The Exchange proposes to amend the 

NYSE Arca Options Fees and Charges 

schedule and the NYSE Arca Equities 

Fees and Charges schedule (together, the 

‘‘Fee Schedules’’) relating to co-location 

services to reflect the name change of a 

third party data feed. The Exchange 

proposes to implement the proposed 

change on November 1, 2017. 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 the 

Fee Schedules relating to co-location 4

services to reflect the name change of a 

third party data feed. The Exchange 

proposes to implement the proposed 

change on November 1, 2017. 

The co-location services that the 

Exchange offers Users 5 include 

connectivity to third party data feeds 

from third party markets and other 

content service providers (‘‘Third Party 

Data Feeds’’).6 The list of Third Party 

Data Feeds is set forth in the Fee 

Schedules, and includes the NYSE 

Global Index.7

The name of NYSE Global Index is 

changing to ‘‘ICE Data Global Index.’’ 


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