Federal Register / Vol. 82, No. 212 / Friday, November 3, 2017 / Notices 51311 

7 15 U.S.C. 78s(b)(3)(A). 

8 17 CFR 240.19b–4(f). 

9 17 CFR 200.30–3(a)(12). 

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

2 17 CFR 240.19b–4. 

3See Securities Exchange Act Release No. 80553 

(April 28, 2017), 82 FR 20932. 

4 15 U.S.C. 78s(b)(2). 

5See Securities Exchange Act Release No. 80935, 

82 FR 28152 (June 20, 2017). The Commission 

designated August 2, 2017, as the date by which it 

should approve or disapprove, or institute 

proceedings to determine whether to disapprove, 

the proposed rule change. 

6See Letter from Gary L. Gastineau, President, 

ETF Consultants.com, Inc., to Brent J. Fields, 

Secretary, Commission, dated May 24, 2017; Letter 

from Todd J. Broms, Chief Executive Officer, Broms 

& Company LLC, to Brent J. Fields, Secretary, 

Commission, dated May 25, 2017; Letter from James 

J. Angel, Associate Professor of Finance, 

Georgetown University, McDonough School of 

Business, to the Commission, dated May 25, 2017; 

and Terence W. Norman, Founder, Blue Tractor 

Group, LLC, to Brent J. Fields, Secretary, 

Commission, dated July 18, 2017. The comment 

letters are available on the Commission’s Web site 

at: https://www.sec.gov/comments/sr-nysearca2017-36/nysearca2017-36.htm. 

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

8See Securities Exchange Act Release No. 81267, 

82 FR 36510 (August 4, 2017). 

9See Letter from Christopher P. Wilcox, J.P. 

Morgan Asset Management, to David W. Grim, 

Director, Division of Investment Management, 

Commission, dated July 7, 2017; Letter from Mark 

Criscitello, Chairman, Precidian Funds LLC, to 

Brent J. Fields, Secretary, Commission, dated 

October 11, 2017; Letter from Daniel J. McCabe, 

Chief Executive, Precidian Investments, to Brent J. 

Fields, Secretary, Commission, dated October 12, 

2017; Letter from Andrew M. Gross, Jr., to Jay 

Clayton, Chairman, Commission, dated October 16, 

2017; and Letter from Joseph A. Sullivan, Chairman 

and Chief Executive Officer, Legg Mason, Inc., to 

Brent J. Fields, Secretary, Commission, dated 

October 12, 2017. The comment letters are available 

on the Commission’s Web site at: https://

www.sec.gov/comments/sr-nysearca-2017-36/ 

nysearca201736.htm. 

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

III. Date of Effectiveness of the 

Proposed Rule Change and Timing for 

Commission Action 

The foregoing rule change has become 

effective pursuant to Section 19(b)(3)(A) 

of the Act 7 and paragraph (f) of Rule 

19b–4 8 thereunder. 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. If the 

Commission takes such action, the 

Commission will institute proceedings 

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– 

CBOE–2017–066 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–CBOE–2017–066. 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–CBOE–2017–066 and 

should be submitted on or before 

November 24, 2017. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.9

Eduardo A. Aleman, 

Assistant Secretary. 

[FR Doc. 2017–23927 Filed 11–2–17; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–81977; File No. SR– 

NYSEArca–2017–36] 

Self-Regulatory Organizations; NYSE 

Arca, Inc.; Notice of Designation of 

Longer Period for Commission Action 

on Proceedings To Determine Whether 

To Approve or Disapprove a Proposed 

Rule Change To Adopt NYSE Arca 

Equities Rule 8.900 To Permit Listing 

and Trading of Managed Portfolio 

Shares and To List and Trade Shares 

of the Royce Pennsylvania ETF, Royce 

Premier ETF, and Royce Total Return 

ETF Under Proposed NYSE Arca 

Equities Rule 8.900 

October 30, 2017. 

On April 14, 2017, NYSE Arca, Inc. 

(‘‘Exchange’’ or ‘‘NYSE Arca’’) filed 

with the Securities and Exchange 

Commission (‘‘Commission’’), pursuant 

to Section 19(b)(1) of the Securities 

Exchange Act of 1934 (‘‘Exchange 

Act’’) 1 and Rule 19b–4 thereunder,2 a 

proposed rule change to: (1) Adopt 

NYSE Arca Equities Rule 8.900 

(Managed Portfolio Shares); and (2) list 

and trade shares of the Royce 

Pennsylvania ETF, Royce Premier ETF, 

and Royce Total Return ETF under 

proposed NYSE Arca Equities Rule 

8.900. The proposed rule change was 

published for comment in the Federal 

Register on May 4, 2017.3 On June 15, 

2017, pursuant to Section 19(b)(2) of the 

Exchange Act,4 the Commission 

designated a longer period within which 

to approve the proposed rule change, 

disapprove the proposed rule change, or 

institute proceedings to determine 

whether to disapprove the proposed 

rule change.5 The Commission received 

four comments on the proposed rule 

change.6 On July 31, 2017, the 

Commission instituted proceedings 

under Section 19(b)(2)(B) of the 

Exchange Act 7 to determine whether to 

approve or disapprove the proposed 

rule change.8 Since then, the 

Commission has received five 

additional comments on the proposed 

rule change.9

Section 19(b)(2) of the Act 10 provides 

that, after initiating proceedings, the 

Commission shall issue an order 

approving or disapproving the proposed 

rule change not later than 180 days after 

the date of publication of notice of filing 

of the proposed rule change. The 

Commission, however, may extend the 

period for issuing an order approving or 

disapproving the proposed rule change 

by not more than 60 days if the 


ethrower on DSK3G9T082PROD with NOTICES
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 


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