Document ID: SEC-2016-1560-0001
Agency: sec
Document Type: Notice
Title: Joint Industry Plans: Addition of Investors Exchange, LLC
Posted Date: 2016-09-01T04:00Z

[Federal Register Volume 81, Number 170 (Thursday, September 1, 2016)]
[Notices]
[Pages 60394-60395]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-21022]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-78701; File No. SR-CTA/CQ-2016-01]

Consolidated Tape Association; Notice of Filing and Immediate 
Effectiveness of Amendment No. 26 to the Second Restatement of the CTA 
Plan and Amendment No. 19 to the Restated CQ Plan To Add the Investors 
Exchange LLC as a Participant

August 26, 2016.
    Pursuant to Section 11A(a)(3) of the Securities Exchange Act of 
1934 (``Exchange Act'') \1\ and Rule 608 thereunder,\2\ notice is 
hereby given that on August 11, 2016 the Participants in the Second 
Restatement of the Consolidated Tape Association (``CTA'') Plan and the 
Restated Consolidated Quotation (``CQ'') Plan (``CTA/CQ Plans'') \3\ 
filed with the Securities and Exchange Commission (``Commission'') \4\ 
an amendment to the Plans to add Investors Exchange LLC (``IEX'') as a 
Participant \5\ to the Plans. The Commission is publishing this notice 
to solicit comments on the amendment from interested persons.
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    \1\ 15 U.S.C 78k-1(a)(3).
    \2\ 17 CFR 242.608.
    \3\ See Securities Exchange Act Release Nos. 10787 (May 10, 
1974), 39 FR 17799 (May 20, 1974) (declaring the CTA Plan 
effective); 15009 (July 28, 1978), 43 FR 34851 (August 7, 1978) 
(temporarily authorizing the CQ Plan); and 16518 (January 22, 1980), 
45 FR 6521 (January 28, 1980) (permanently authorizing the CQ Plan). 
The most recent restatement of both Plans was in 1995.
    \4\ See Letter from Emily Kasparov, Chairman, Operating 
Committee, CTA/CQ Plan, to Brent J. Fields, Secretary, Securities 
and Exchange Commission, dated August 10, 2016.
    \5\ The term ``Participant'' is defined as a party to the Plan.
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I. Description and Purpose of the Plan Amendment

    As noted above, the amendment to the Plans adds the IEX as a 
Participant. On June 17, 2016, the Commission issued an order granting 
IEX's application for registration as a national securities 
exchange.\6\ A condition of the Commission's approval was the 
requirement for IEX to join the Plans.
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    \6\ See Securities Exchange Act Release No. 78101 (June 17, 
2016), 81 FR 41141 (June 23, 2016).
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    Under Section III(c) of the Plan, any national securities 
association or national securities exchange, may become a Participant 
by (i) subscribing to, and submitting for filing with the Commission, 
the Plan; (ii) executing all applicable contracts made pursuant to the 
Plan, or necessary to its participation; (iii) paying the applicable 
``Participation Fee;'' and (iv) paying ``provisioning costs to the 
Processor.'' The amendment is effective upon filing with the Commission 
in accordance with Rule 608 of Regulation NMS.\7\
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    \7\ The parallel provision in the CQ Plan is Section III(c).
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    IEX has satisfied all requirements under the Plans, and has 
executed a copy of the Plans currently in effect, with the only change 
being the addition of its name to the CTA and CQ plans. Accordingly, 
all of the Plan requirements for effecting an amendment to the Plans to 
add IEX as a Participant have been satisfied.

II. Effectiveness of the Proposed Plan Amendment

    The foregoing Plan amendments have become effective pursuant to 
Rule 608(b)(3)(iii) of the Exchange Act \8\ because they involve solely 
technical or ministerial matters. At any time within sixty days of the 
filing of this amendment, the Commission may

[[Page 60395]]

summarily abrogate the amendment and require that it be refiled 
pursuant to paragraph (a)(1) of Rule 608,\9\ if it appears to the 
Commission that such action is necessary or appropriate in the public 
interest, for the protection of investors, or the maintenance of fair 
and orderly markets, to remove impediments to, and perfect the 
mechanisms of, a national market system or otherwise in furtherance of 
the purposes of the Exchange Act.
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    \8\ 17 CFR 242.608(b)(3)(iii).
    \9\ 17 CFR 242.608(a)(1).
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III. Solicitation of Comments

    Interested persons are invited to submit written data, views and 
arguments concerning the foregoing, including whether the amendment is 
consistent with the Exchange 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-CTA/CQ-2016-01 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-CTA/CQ-2016-01.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 plan amendment that are 
filed with the Commission, and all written communications relating to 
the amendment 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 Chicago Stock Exchange. All 
comments received will be posted without change; the Commission does 
not edit personal identifying information from submissions. You should 
submit only information that you wish to make available publicly. All 
submissions should refer to File Number SR-CTA/CQ-2016-01 and should be 
submitted on or before September 22, 2016.

    By the Commission.
Brent J. Fields,
Secretary.
[FR Doc. 2016-21022 Filed 8-31-16; 8:45 am]
BILLING CODE 8011-01-P