50716 Federal Register / Vol. 82, No. 210 / Wednesday, November 1, 2017 / Notices 

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

14 17 CFR 240.19b–4(f)(6). In addition, Rule 19b– 

4(f)(6) requires a self-regulatory organization to give 

the Commission written notice of its intent to file 

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. 

15 17 CFR 200.30–3(a)(12). 

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

2 17 CFR 240.19b–4. 

general to protect investors and the 

public interest, by updating these 

references to the BX PRISM rule. This 

amendment will correct the references 

within the BX PRISM rule to make clear 

the manner in which the auction 

operates. 

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 not 

necessary or appropriate in furtherance 

of the purposes of the Act. The 

Exchange inadvertently referenced the 

auto-match feature as applicable to 

Surrender provision. No BX Participant 

is able today to utilize the Surrender 

feature when selecting auto-match. This 

amendment will correct the references 

within the BX PRISM rule to make clear 

the manner in which the auction 

operates. 

C. Self-Regulatory Organization’s 

Statement on Comments on the 

Proposed Rule Change Received From 

Members, Participants, or Others 

No written comments were either 

solicited or received. 

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 13 and 

subparagraph (f)(6) of Rule 19b–4 

thereunder.14

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– 

BX–2017–044 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–BX–2017–044. 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–BX–2017–044 and should 

be submitted on or before November 22, 

2017. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.15

Eduardo A. Aleman, 

Assistant Secretary. 

[FR Doc. 2017–23734 Filed 10–31–17; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–81957; File No. SR– 

BatsEDGA–2017–28] 

Self-Regulatory Organizations; Bats 

EDGA Exchange, Inc.; Notice of Filing 

and Immediate Effectiveness of a 

Proposed Rule Change To Reflect in 

the Exchange’s Governing Documents, 

Rulebook and Fee Schedule, a NonSubstantive Corporate Branding 

Change, Including Changes to the 

Company’s Name, the Intermediate’s 

Name, and the Exchange’s Name 

October 26, 2017. 

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

Securities Exchange Act of 1934 (the 

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

notice is hereby given that on October 

16, 2017, Bats EDGA Exchange, Inc. (the 

‘‘Exchange’’ or ‘‘EDGA’’) filed with the 

Securities and Exchange Commission 

(‘‘Commission’’) the 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 proposes a rule change 

with respect to amendments of the 

Second Amended and Restated 

Certificate of Incorporation (the 

‘‘Company’s Certificate’’) and Third 

Amended and Restated Bylaws (the 

‘‘Company’s Bylaws’’) of its parent 

corporation, CBOE Holdings, Inc. 

(‘‘CBOE Holdings’’ or the ‘‘Company’’) 

to change the name of the Company to 

Cboe Global Markets, Inc. With respect 

to CBOE V, LLC, an intermediate 

Holding Company of the Exchange (the 

‘‘Intermediate’’), the Exchange proposes 

to amend the Certificate of Formation 

and Limited Liability Company 

Operating Agreement of CBOE V, LLC 

(the ‘‘Operating Agreement’’), in 

connection with a related name change 

for the Intermediate. The Exchange also 

proposes to amend its Second Amended 


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Federal Register / Vol. 82, No. 210 / Wednesday, November 1, 2017 / Notices 50717 

3See Section 242(b) of the General Corporation 

Law of the State of Delaware. 

4The Exchange notes that the current signature 

block of the Certificate of Formation references 

‘‘CBOE Holdings, Inc.’’ instead of ‘‘CBOE V, LLC’’. 

The Exchange proposes to correct that reference and 

Continued 

and Restated Certificate of Incorporation 

(the ‘‘Exchange Certificate’’), Seventh 

Amended and Restated Bylaws of Bats 

EDGA Exchange, Inc. (the ‘‘Exchange 

Bylaws’’), rulebook and fee schedule 

(collectively ‘‘operative documents’’) in 

connection with the name change of its 

parent Company, Intermediate, and the 

Exchange. 

The text of the proposed rule change 

is also available on the Exchange’s Web 

site (http://www.cboe.com/AboutCBOE/ 

CBOELegalRegulatoryHome.aspx), at 

the Exchange’s Office of the Secretary, 

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 

Background 

The purpose of this filing is to reflect 

in the Exchange’s governing documents 

(and the governing documents of its 

parent company, CBOE Holdings) and 

the Exchange’s rulebook and fees 

schedules, a non-substantive corporate 

branding change, including changes to 

the Company’s name, the Intermediate’s 

name, and the Exchange’s name. 

Particularly, references to Company’s, 

Intermediate’s and Exchange’s names 

will be deleted and revised to state the 

new names, as described more fully 

below. No other substantive changes are 

being proposed in this filing. The 

Exchange represents that these changes 

are concerned solely with the 

administration of the Exchange and do 

not affect the meaning, administration, 

or enforcement of any rules of the 

Exchange or the rights, obligations, or 

privileges of Exchange members or their 

associated persons is any way. 

Accordingly, this filing is being 

submitted under Rule 19b–4(f)(3). In 

lieu of providing a copy of the marked 

name changes, the Exchange represents 

that it will make the necessary nonsubstantive revisions described below to 

the Exchange’s corporate governance 

documents, rulebook, and fees 

schedules, and post updated versions of 

each on the Exchange’s Web site 

pursuant to Rule 19b–4(m)(2). 

The Company’s Name Change 

In connection with the corporate 

name change of its parent company, the 

Exchange is proposing to amend the 

Company’s Certificate and Bylaws. 

Specifically, the Company is changing 

its name from ‘‘CBOE Holdings, Inc.’’ to 

‘‘Cboe Global Markets, Inc.’’. 

(a) Company’s Certificate 

The Exchange proposes to (i) delete 

the following language from Paragraph 

(1) of the introductory paragraph: ‘‘The 

name of the Corporation is CBOE 

Holdings, Inc.’’ and (ii) amend Article 

First of the Company’s Certificate to 

reflect the new name, ‘‘Cboe Global 

Markets, Inc.’’ The Exchange also 

proposes to add clarifying language and 

cite to the applicable provisions of the 

General Corporation Law of the State of 

Delaware in connection with the 

proposed name change. The Exchange 

notes that it is not amending the 

Company’s name in the title or signature 

line as the name changes will not be 

effective until the Company, as 

currently named, files the proposed 

changes in Delaware. Thereafter, the 

Exchange will amend the Certificate to 

reflect the new name in the title and 

signature line. The Exchange also notes 

that although the name of ‘‘Chicago 

Board Options Exchange, Incorporated’’ 

is changing to ‘‘Cboe Exchange Inc.’’, it 

is not amending the name of Chicago 

Board Options Exchange, Incorporated 

(‘‘CBOE’’) referenced in Article 

Fifth(a)(iii) at this time. Particularly, the 

Exchange notes that unlike the 

exception applicable to proposed 

changes to the Company’s name,3 a vote 

of stockholders is required to adopt an 

amendment to the reference of CBOE’s 

name. As such, the Exchange will 

submit a rule filing to amend the 

Certificate to reflect the new CBOE 

name at such time it is ready to obtain 

stockholder approval. 

(b) Company’s Bylaws 

With respect to the Company’s 

Bylaws, references to ‘‘CBOE Holdings, 

Inc.’’ will be deleted and revised to state 

‘‘Cboe Global Markets, Inc.’’ The 

Exchange also proposes to eliminate the 

reference to ‘‘Chicago Board Options 

Exchange, Incorporated’’ in Article 10, 

Section 10.2. Particularly, Section 10.2 

provides that ‘‘for so long as the 

Corporation shall control, directly or 

indirectly, any national securities 

exchange, including, but not limited to 

Chicago Board Options Exchange, 

Incorporated (a ‘‘Regulated Securities 

Exchange Subsidiary’’), before any 

amendment, alteration or repeal of any 

provision of the Bylaws shall be 

effective, such amendment, alteration or 

repeal shall be submitted to the board of 

directors of each Regulated Securities 

Exchange Subsidiary, and if such 

amendment, alteration or repeal must be 

filed with or filed with and approved by 

the Securities and Exchange 

Commission, then such amendment, 

alteration or repeal shall not become 

effective until filed with or filed with 

and approved by the Securities and 

Exchange Commission, as the case may 

be.’’ As the Company currently controls 

a number of Regulated Securities 

Exchange Subsidiaries, it does not 

believe it is necessary to explicitly 

reference only Chicago Board Options 

Exchange, Incorporated and therefore 

proposes to delete the following 

language: ‘‘including, but not limited to 

Chicago Board Options Exchange, 

Incorporated’’. 

The Intermediate’s Name Change 

For purposes of consistency, certain 

of the Parent’s subsidiaries have also 

undertaken to change their legal names. 

As a result, the Exchange also proposes 

to change the name of the Intermediate 

from ‘‘CBOE V, LLC’’ to ‘‘Cboe Bats, 

LLC.’’ 

(a) Certificate of Formation 

As it relates to the Certificate of 

Formation of CBOE V, LLC, references 

to ‘‘CBOE V, LLC’’ will be deleted and 

revised to state its new name ‘‘Cboe 

Bats, LLC’’. The Exchange also proposes 

to add clarifying and conforming 

language in order to conform to, as well 

as cite to, the applicable provisions of 

the General Corporation Law of the 

State of Delaware in connection with 

the proposed name change. The 

Exchange notes to conform with the 

revised language in the introductory 

paragraph, it also proposes to amend 

references to ‘‘LLC’’ to ‘‘limited liability 

company’’. The Exchange also notes that 

it is not amending the Intermediate’s 

name in the title or signature line as the 

name changes will not be effective until 

the Intermediate, as currently named, 

files the proposed changes in Delaware.4


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50718 Federal Register / Vol. 82, No. 210 / Wednesday, November 1, 2017 / Notices 

refer to ‘‘CBOE V, LLC’’, which as noted, will be 

changed to ‘‘Cboe Bats, LLC’’ at a later date. 

5The Exchange notes that the EDGA rules refer 

to ‘‘C2 Options Exchange, Incorporated’’ as ‘‘C2 

Options Exchange, Inc.’’ in Rule 2.3. 

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

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

Thereafter, the Exchange will amend the 

Certificate of Formation to reflect the 

new name in the title and signature line. 

(b) Operating Agreement 

As it relates to the Operating 

Agreement of the Intermediate, 

references to ‘‘CBOE V, LLC’’ will be 

deleted and revised to state its new 

name ‘‘Cboe Bats, LLC’’ and references 

to ‘‘CBOE Holdings, Inc.’’ will be 

deleted and revised to state ‘‘Cboe 

Global Markets, Inc.’’. The Exchange 

also proposes to add clarifying and 

conforming language in connection with 

the proposed name change, including 

new Section 12.5 (‘‘Effect of 

Amendment’’), which provides that the 

‘‘Agreement amends, restates and 

supersedes the Original Agreement in 

all respects. From and after the date 

hereof, this Agreement shall be the 

limited liability company operating 

agreement of the Company for all 

purposes.’’ 

The Exchange’s Name Change 

For purposes of consistency, certain 

of the Parent’s subsidiaries have also 

undertaken to change their legal names. 

As a result, the Exchange also proposes 

to change its name from ‘‘Bats EDGA 

Exchange, Inc.’’ to ‘‘Cboe EDGA 

Exchange, Inc.’’ throughout its rules, 

fees schedules and corporate 

documents. Additionally, the Exchange 

notes that its affiliated exchanges Bats 

BYX Exchange, Inc., Bats BZX 

Exchange, Inc., Bats EDGX Exchange, 

Inc., Chicago Board Options Exchange, 

Incorporated, C2 Options Exchange, 

Incorporated, and ‘‘CBOE Futures 

Exchange, LLC’’ (collectively the 

‘‘affiliates’’) have also proposed name 

changes to Cboe BYX Exchange, Inc., 

Cboe BZX Exchange, Inc., Cboe EDGX 

Exchange, Inc., Cboe Exchange, Inc., 

Cboe C2 Exchange, Inc. and Cboe 

Futures Exchange, LLC, respectively. 

Lastly, the Exchange is changing the 

name of ‘‘Bats Trading, Inc.’’ to ‘‘Cboe 

Trading, Inc.’’ 

Therefore, the Exchange proposes to 

amend its: (i) Second Amended and 

Restated Certificate of Incorporation of 

Bats EDGA Exchange, Inc., (ii) Seventh 

Amended and Restated Bylaws of Bats 

EDGA Exchange, Inc., (iii) Rulebook, 

(iv) Fee Schedule for EDGA Equities 

(collectively, the ‘‘Operative 

Documents’’) to reflect the name 

changes. 

(a) Exchange’s Certificate 

The Exchange proposes to (i) delete 

the following language from the 

introductory paragraph: ‘‘The name of 

the Corporation is Bats EDGA Exchange, 

Inc.’’ and (ii) amend Article First of the 

Exchange’s Certificate to reflect the new 

name, ‘‘Cboe EDGA Exchange, Inc.’’. 

The Exchange also proposes to add 

clarifying language and cite to the 

applicable provisions of the General 

Corporation Law of the State of 

Delaware in connection with the 

proposed name change. The Exchange 

notes that it is not amending the 

Exchange’s name in the title or signature 

line as the name changes will not be 

effective until the Exchange, as 

currently named, files the proposed 

changes in Delaware. Thereafter, the 

Exchange will amend the Certificate to 

reflect the new name in the title and 

signature line. 

(b) Exchange’s Bylaws 

For the Exchange’s Bylaws, all 

references to ‘‘Bats EDGA Exchange, 

Inc.’’ will be deleted and revised to state 

‘‘Cboe EDGA Exchange, Inc.’’. 

(c) Exchange’s Rulebook 

For the Rules of Bats EDGA Exchange, 

Inc., all references to ‘‘Bats EDGA 

Exchange, Inc.’’ will be deleted and 

revised to state ‘‘Cboe EDGA Exchange, 

Inc.’’. Additionally, the Exchange’s 

affiliates are also filing similar rule 

filings to change their names, as noted 

above. As such, all references to ‘‘Bats 

BYX Exchange, Inc.’’, ‘‘Bats EDGX 

Exchange, Inc.’’, ‘‘Bats BZX Exchange, 

Inc.’’, ‘‘C2 Options Exchange, 

Incorporated’’,5 ‘‘Chicago Board Options 

Exchange, Incorporated’’ and ‘‘CBOE 

Futures Exchange, LLC’’ in the EDGA’s 

rules will likewise be deleted and 

revised to state ‘‘Cboe BYX Exchange, 

Inc.’’, ‘‘Cboe EDGX Exchange, Inc.’’, 

‘‘Cboe BZX Exchange, Inc.’’, ‘‘Cboe C2 

Exchange, Inc.’’, ‘‘Cboe Exchange, Inc.’’ 

and ‘‘Cboe Futures Exchange, LLC’’, 

respectively. The Exchange notes that 

references to ‘‘Bats Exchange’’ will be 

deleted and revised to state ‘‘Cboe Bats 

Exchange’’. Additionally, all references 

to ‘‘CBOE Holdings, Inc.’’ will be 

deleted and revised to state ‘‘Cboe 

Global Markets, Inc.’’. All references to 

‘‘Bats One’’ will be deleted and revised 

to state ‘‘Cboe One’’ and all references 

to ‘‘Bats Connect’’ will be deleted and 

revised to state ‘‘Cboe Connect’’. The 

Exchange will also delete references to 

‘‘Bats Trading, Inc.’’ and ‘‘Bats Trading’’ 

and replace it with references to ‘‘Cboe 

Trading, Inc.’’ and ‘‘Cboe Trading’’, 

respectively. 

(d) Exchange’s Fee Schedule 

For the EDGA Equities Fee Schedule, 

any reference to ‘‘Bats EDGA Exchange’’ 

will be deleted and revised to state 

‘‘Cboe EDGA Exchange’’. Additionally, 

all references to ‘‘Bats One’’ will be 

deleted and revised to state ‘‘Cboe One’’ 

and all references to ‘‘Bats Connect’’ 

will be deleted and revised to state 

‘‘Cboe Connect’’. 

2. Statutory Basis 

The Exchange believes the proposed 

rule change is consistent with the 

Securities Exchange Act of 1934 (the 

‘‘Act’’) and the rules and regulations 

thereunder applicable to the Exchange 

and, in particular, the requirements of 

Section 6(b) of the Act.6 Specifically, 

the Exchange believes the proposed rule 

change is consistent with the Section 

6(b)(5) 7 requirements that the rules of 

an exchange be 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 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. 

In particular, the proposed change is 

a non-substantive change and does not 

impact the governance, ownership or 

operations of the Exchange. The 

Exchange believes that by ensuring that 

its parent company’s governance 

documents and the Exchanges operative 

documents accurately reflect the new 

legal names, the proposed rule change 

would reduce potential investor or 

market participant confusion. 

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 intended to 

address competitive issues but rather is 

concerned solely with updating the 

Company’s and Exchange’s governance 

and operative documents to reflect the 

abovementioned name changes. 


sradovich on DSK3GMQ082PROD with NOTICES
Federal Register / Vol. 82, No. 210 / Wednesday, November 1, 2017 / Notices 50719 

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

9 17 CFR 240.19b–4(f)(3). 

10 17 CFR 200.30–3(a)(12). 

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

2 17 CFR 240.19b–4. 

3 17 CFR 240.17Ad–22(e)(3), (4), (16), (18), (19), 

and (20). 

4The Commission notes that Exhibit 5 is 

included in the filing, not in this Notice. 

5OCC’s By-Laws and Rules can be found on 

OCC’s public Web site: http://optionsclearing.com/ 

about/publications/bylaws.jsp. 

C. Self-Regulatory Organization’s 

Statement on Comments on the 

Proposed Rule Change Received From 

Members, Participants, or Others 

The Exchange neither solicited nor 

received comments on the proposed 

rule change. 

III. Date of Effectiveness of the 

Proposed Rule Change and Timing for 

Commission Action 

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

Act 8 and Rule 19b–4(f)(3) thereunder,9

the Exchange has designated this 

proposal as one that is concerned solely 

with the administration of the selfregulatory organization, and therefore 

has become effective. 

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– 

BatsEDGA–2017–28 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–BatsEDGA–2017–28. 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–BatsEDGA–2017–28 and 

should be submitted on or before 

November 22, 2017. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.10

Eduardo A. Aleman, 

Assistant Secretary. 

[FR Doc. 2017–23737 Filed 10–31–17; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–81949; File No. SR–OCC– 

2017–009] 

Self-Regulatory Organizations; The 

Options Clearing Corporation; Notice 

of Filing of Proposed Rule Change 

Related to The Options Clearing 

Corporation’s Counterparty Credit Risk 

Management Policy 

October 26, 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 

12, 2017, The Options Clearing 

Corporation (‘‘OCC’’) 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 primarily by OCC. The 

Commission is publishing this notice to 

solicit comments on the proposed rule 

change from interested persons. 

I. Clearing Agency’s Statement of the 

Terms of Substance of the Proposed 

Rule Change 

This proposed rule change by OCC 

would formalize OCC’s Counterparty 

Credit Risk Management Policy (‘‘CCRM 

Policy’’ or ‘‘Policy’’), which promotes 

compliance with multiple requirements 

applicable to OCC under Rule 17Ad–22, 

including Rules 17Ad–22(e)(3) 

concerning frameworks for the 

comprehensive management of risks, 

(e)(4) concerning credit risk 

management, (e)(16) concerning the 

safeguarding of assets, (e)(18) 

concerning risk-based participation 

criteria, (e)(19) concerning risks form 

indirect participants, and (e)(20) 

concerning linkages.3 The CCRM Policy 

is included as confidential Exhibit 5.4

The proposed rule change does not 

require any changes to the text of OCC’s 

By-Laws or Rules. All terms with initial 

capitalization that are not otherwise 

defined herein have the same meaning 

as set forth in the OCC By-Laws and 

Rules.5

II. Clearing Agency’s Statement of the 

Purpose of, and Statutory Basis for, the 

Proposed Rule Change 

In its filing with the Commission, 

OCC 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. OCC has prepared 

summaries, set forth in sections (A), (B), 

and (C) below, of the most significant 

aspects of these statements. 

(A) Clearing Agency’s Statement of the 

Purpose of, and Statutory Basis for, the 

Proposed Rule Change 

(1) Purpose 

Background 

As a central counterparty providing 

clearance, settlement, and risk 

management services, OCC is exposed 

to and must manage a range of risks, 

including credit risk. The purpose of the 

CCRM Policy is to outline OCC’s overall 

approach to identify, measure, monitor, 

and manage its exposures to direct and 

indirect participants, Liquidity 


sradovich on DSK3GMQ082PROD with NOTICES