Document ID: SEC-2017-1227-0001
Agency: sec
Document Type: Notice
Title: Self-Regulatory Organizations; Proposed Rule Changes: Bats BZX Exchange, Inc.; Bats EDGX Exchange, Inc.; BOX Options Exchange LLC; C2 Options Exchange, Inc.; Chicago Board Options Exchange, Inc., et al.
Posted Date: 2017-07-20T04:00Z

[Federal Register Volume 82, Number 138 (Thursday, July 20, 2017)]
[Notices]
[Pages 33533-33534]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-15190]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-81145; File Nos. SR-BatsBZX-2017-37; SR-BatsEDGX-2017-
23; SR-BOX-2017-17; SR-C2-2017-018; SR-CBOE-2017-041; SR-FINRA-2017-
013; SR-ISE-2017-46; SR-IEX-2017-18; SR-MIAX-2017-20; SR-PEARL-2017-23; 
SR-NASDAQ-2017-055; SR-BX-2017-027; SR-PHLX-2017-43; SR-NYSE-2017-23; 
SR-NYSEArca-2017-57; SR-NYSEArca-2017-59; SR-NYSEMKT-2017-29; SR-
NYSEMKT-2017-30]

Self-Regulatory Organizations; Bats BZX Exchange, Inc.; Bats EDGX 
Exchange, Inc.; BOX Options Exchange LLC; C2 Options Exchange, 
Incorporated; Chicago Board Options Exchange, Incorporated; Financial 
Industry Regulatory Authority, Inc.; International Securities Exchange, 
LLC; Investors Exchange LLC; Miami International Securities Exchange 
LLC; MIAX PEARL, LLC; The NASDAQ Stock Market LLC; NASDAQ BX, Inc.; 
NASDAQ PHLX, Inc.; New York Stock Exchange LLC; NYSE Arca, Inc.; NYSE 
MKT LLC; Notice of Designation of Longer Period for Commission Action 
on Proposed Rule Changes To Eliminate Requirements That Will Be 
Duplicative of CAT

July 14, 2017.
    On May 15, 2017, Bats BZX Exchange, Inc. (``Bats BZX''); Bats EDGX 
Exchange, Inc. (``Bats EDGX''); BOX Options Exchange LLC (``BOX''); C2 
Options Exchange, Incorporated (``C2''); Chicago Board Options 
Exchange, Incorporated (``CBOE''); Financial Industry Regulatory 
Authority, Inc. (``FINRA''); International Securities Exchange, LLC 
(``ISE''); Investors Exchange LLC (``IEX''); Miami International 
Securities Exchange LLC (``MIAX''); MIAX PEARL, LLC (``PEARL''); NYSE 
Arca, Inc. (``NYSE Arca''); and NYSE MKT LLC (``NYSE MKT'') 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\ proposed rule changes to eliminate or 
modify certain rules that require the collection or reporting of 
information that is duplicative of the information that will be 
collected by the Consolidated Audit Trail (``CAT'') established 
pursuant to the National Market System Plan contemplated by Rule 613 of 
Regulation NMS.\3\ On May 22, 2017, the New York Stock Exchange LLC 
(``NYSE'') filed with the Commission a proposed rule change for the 
same purpose, and each of NYSE Arca and NYSE MKT filed an additional 
proposed rule change for the same purpose. On May 26, 2017,\4\ the 
NASDAQ Stock Market LLC (``NASDAQ'') and NASDAQ PHLX LLC (``Phlx'') 
filed with the Commission proposed rule changes for the same purpose. 
On May 30, 2017,\5\ NASDAQ BX, Inc. (``BX'') filed with the Commission 
a proposed rule change for the same purpose. On June 1, 2017, the 
proposed rule changes submitted by Bats BZX, Bats EDGX, BOX, C2, CBOE, 
FINRA, IEX, ISE, MIAX, and PEARL; both proposed rule changes submitted 
by NYSE MKT; and one of the proposed rule changes submitted by NYSE 
Arca were published for comment in the Federal Register.\6\ On June 2, 
2017, the proposed rule change submitted by NYSE and the other proposed 
rule change submitted by NYSE Arca were published for comment in the 
Federal Register.\7\ On June 5, 2017, the proposed rule changes 
submitted by NASDAQ, BX, and Phlx were published for comment in the 
Federal Register.\8\ Four

[[Page 33534]]

comments were submitted to File No. SR-FINRA-2017-013.\9\ On June 22, 
2017, each of NASDAQ, BX, ISE, and Phlx filed a technical amendment to 
its proposed rule change.\10\
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ 17 CFR 242.613.
    \4\ Nasdaq and Phlx initially filed proposed rule changes on May 
15, 2017 (SR-NASDAQ-2017-050 and SR-PHLX-2017-38). On May 26, 2017, 
Nasdaq and Phlx withdrew these filings and submitted new proposed 
rule changes (SR-NASDAQ-2017-055 and SR-PHLX-2017-43) that remain 
pending before the Commission.
    \5\ BX initially filed a proposed rule change on May 15, 2017 
(SR-BX-2017-025). On May 30, 2017, BX withdrew that initial filing 
and submitted a new proposed rule change (SR-BX-2017-027) that 
remains pending before the Commission.
    \6\ See Securities Exchange Act Release No. 80796 (May 26, 
2017), 82 FR 25374 (SR-BatsBZX-2017-37); Securities Exchange Act 
Release No. 80795 (May 26, 2017), 82 FR 25358 (SR-BatsEDGX-2017-23); 
Securities Exchange Act Release No. 80789 (May 26, 2017), 82 FR 
25492 (SR-BOX-2017-17); Securities Exchange Act Release No. 80798 
(May 26, 2017), 82 FR 25385 (SR-C2-2017-018); Securities Exchange 
Act Release No. 80797 (May 26, 2017), 82 FR 25429 (SR-CBOE-2017-
041); Securities Exchange Act Release No. 80783 (May 26, 2017), 82 
FR 25423 (SR-FINRA-2017-013); Securities Exchange Act Release No. 
80788 (May 26, 2017), 82 FR 25400 (SR-IEX-2017-18); Securities 
Exchange Act Release No. 80787 (May 26, 2017), 82 FR 25469 (SR-ISE-
2017-46); Securities Exchange Act Release No. 80790 (May 26, 2017), 
82 FR 25366 (SR-MIAX-2017-20); Securities Exchange Act Release No. 
80792 (May 26, 2017), 82 FR 25436 (SR-PEARL-2017-23); Securities 
Exchange Act Release No. 80791 (May 26, 2017), 82 FR 25362 (SR-
NYSEArca-2017-59); Securities Exchange Act Release No. 80793 (May 
26, 2017), 82 FR 25443 (SR-NYSEMKT-2017-29); Securities Exchange Act 
Release No. 80794 (May 26, 2017), 82 FR 25439 (SR-NYSEMKT-2017-30).
    \7\ See Securities Exchange Act Release No. 80799 (May 26, 
2017), 82 FR 25635 (SR-NYSE-2017-23); Securities Exchange Act 
Release No. 80800 (May 26, 2017), 82 FR 25639 (SR-NYSEArca-2017-57).
    \8\ See Securities Exchange Act Release No. 80813 (May 30, 
2017), 82 FR 25863 (SR-NASDAQ-2017-055); Securities Exchange Act 
Release No. 80814 (May 30, 2017), 82 FR 25872 (SR-BX-2017-027); 
Securities Exchange Act Release No. 80811 (May 30, 2017), 82 FR 
25863 (SR-PHLX-2017-43).
    \9\ See letters from William H. Herbert, Managing Director, 
Financial Information Forum, dated June 22, 2017; Manisha Kimmel, 
Chief Regulatory Officer, Wealth Management, Thomson Reuters, dated 
June 22, 2017; Marc R. Bryant, Senior Vice President, Deputy General 
Counsel, Fidelity Investments, dated June 22, 2017; and Ellen 
Greene, Managing Director and Theodore R. Lazo, Managing Director 
and Associate General Counsel, SIFMA, dated June 23, 2017.
    \10\ These amendments modified Section 2 of the Form 19b-4 
submitted by each of NASDAQ, BX, ISE, and Phlx to state that on June 
1, 2017, the exchange obtained the necessary approval from its Board 
of Directors for the proposed rule change.
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    Section 19(b)(2) of the Act \11\ 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 the proposed rule changes published on June 1, 2017, is 
July 16, 2017. The 45th day for the proposed rule changes published on 
June 2, 2017, is July 17, 2017. The 45th day for the proposed rule 
changes published on June 5, 2017, is July 20, 2017.
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    \11\ 15 U.S.C. 78s(b)(2).
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    The Commission is extending the 45-day time period for Commission 
action on each of the proposed rule changes. The Commission finds that 
it is appropriate to designate a longer period within which to take 
action on the proposed rule changes so that it has sufficient time to 
consider the comments received and any response to the comments that 
the self-regulatory organizations might provide.
    Accordingly, pursuant to Section 19(b)(2)(A)(ii)(I) of the Act \12\ 
and for the reasons stated above, the Commission designates August 30, 
2017, as the date by which the Commission shall approve or disapprove, 
or institute proceedings to determine whether to disapprove, the 
proposed rule changes (File Nos. SR-BatsBZX-2017-37; SR-BatsEDGX-2017-
23; SR-BOX-2017-17; SR-C2-2017-018; SR-CBOE-2017-041; SR-FINRA-2017-
013; SR-ISE-2017-46; SR-IEX-2017-18; SR-MIAX-2017-20; SR-PEARL-2017-23; 
SR-NASDAQ-2017-055; SR-BX-2017-027; SR-PHLX-2017-43; SR-NYSE-2017-23; 
SR-NYSEArca-2017-57; SR-NYSEArca-2017-59; SR-NYSEMKT-2017-29; SR-
NYSEMKT-2017-30).
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    \12\ 15 U.S.C. 78s(b)(2)(A)(ii)(I).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\13\
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    \13\ 17 CFR 200.30-3(a)(31).
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Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2017-15190 Filed 7-19-17; 8:45 am]
 BILLING CODE 8011-01-P