[Federal Register Volume 81, Number 170 (Thursday, September 1, 2016)]
[Notices]
[Pages 60395-60396]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-21021]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-78700; File No. S7-24-89]
Joint Industry Plan; Notice of Filing and Immediate Effectiveness
of Amendment No. 37 to the Joint Self-Regulatory Organization Plan
Governing the Collection, Consolidation and Dissemination of Quotation
and Transaction Information for Nasdaq-Listed Securities Traded on
Exchanges on an Unlisted Trading Privileges Basis 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 Joint
Self-Regulatory Organization Plan Governing the Collection,
Consolidation and Dissemination of Quotation and Transaction
Information for Nasdaq-Listed Securities Traded on Exchanges on an
Unlisted Trading Privileges Basis (``NASDAQ/UTP Plan'' or ``Plan'') \3\
filed with the Securities and Exchange Commission (``Commission'') \4\
an amendment to the Plan to add Investors Exchange LLC (``IEX'') as a
Participant \5\ to the Plan. 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, e.g., Securities Exchange Act Release No. 55647 (April
19, 2007) 72 FR 20891 (April 26, 2007).
\4\ See Letter from Emily Kasparov, Chairman, Operating
Committee, NASDAQ UTP Plan, to Brent J. Fields, Secretary,
Securities and Exchange Commission, dated August 10, 2016.
\5\ The term ``Participant'' is defined as a registered national
securities exchange or national securities association that is a
signatory to the Plan
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I. Description and Purpose of the Plan Amendment
As noted above, the amendment to the Plan 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 Plan.
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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 I.B of the Plan, any other national securities
association or national securities exchange, in whose market Eligible
Securities become traded, may become a Participant, provided that said
organization executes a copy of the Plan and pays its share of
development costs, as specified in the Plan. The amendment is effective
upon filing with the Commission in accordance with Rule 608 of
Regulation NMS.
IEX has satisfied all requirements under the Plan, and has executed
a copy of the Plan currently in effect, with the only change being the
addition of its name to the Plan. Accordingly, all of the Plan
requirements for effecting an amendment to the Plan to add IEX as a
Participant have been satisfied.
II. Effectiveness of the Proposed Plan Amendment
The foregoing Plan amendment has become effective pursuant to Rule
608(b)(3)(iii) of the Exchange Act \7\ because it involves solely
technical or ministerial matters. At any time within sixty days of the
filing of this amendment, the Commission may summarily abrogate the
amendment and require that it be refiled pursuant to paragraph (a)(1)
of Rule 608,\8\ 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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\7\ 17 CFR 242.608(b)(3)(iii).
\8\ 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 [email protected]. Please include
File Number S7-24-89 on the subject line.
[[Page 60396]]
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 S7-24-89. 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 the 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 S7-24-89 and should be
submitted on or before September 22, 2016.
By the Commission.
Brent J. Fields,
Secretary.
[FR Doc. 2016-21021 Filed 8-31-16; 8:45 am]
BILLING CODE 8011-01-P