2018-13767. Joint Industry Plan; Notice of Filing and Immediate Effectiveness of the Forty-Third Amendment to the Joint Self-Regulatory Organization Plan Governing the Collection, Consolidation and Dissemination of Quotation and Transaction ...  

  • Start Preamble June 21, 2018.

    Pursuant to Section 11A of the Securities Exchange Act of 1934 (“Act”),[1] and Rule 608 thereunder,[2] notice is hereby given that on June 5, 2018, the Participants [3] 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,” “UTP Plan” or “Plan”) filed with the Securities and Exchange Commission (“Commission”) a proposal to amend the NASDAQ/UTP Plan.[4] The amendment represents Amendment No. 43 to the NASDAQ/UTP Plan (“Amendment”). The Amendment seeks to effectuate changes that certain Participants have made to their names and addresses, as set forth in Section I(A) of the Nasdaq/UTP Plan and to update the listing of Participant identifying codes set forth in Section VIII(C) of the Plan.

    Pursuant to Rule 608(b)(3)(ii) under Regulation NMS,[5] the Participants have designated the Amendment as concerned solely with the administration of the Nasdaq/UTP Plan and as a “Ministerial Amendment” under Section XVI of the Plan. As a result, the Amendment was effective upon filing and was submitted by the Chairman of the Plan's Operating Committee. The Commission is publishing this notice to solicit comments from interested persons on the proposed Amendment. Set forth in Sections I and II is the statement of the purpose and summary of the Amendment, along with the information required by Rules 608(a) and 601(a) under the Act, prepared and submitted by the Participants to the Commission.

    I. Rule 608(a)

    A. Purpose of the Amendments

    The Amendment effectuates changes that certain Participants have made to their names and addresses, as set forth in Section I(A) of the UTP Plan and updates the listing of Participant identifying codes set forth in Section VIII(C) of the UTP Plan.

    B. Governing or Constituent Documents

    Not applicable.

    C. Implementation of the Amendments

    Because the Amendment constitutes a “Ministerial Amendment” under Section XVI of the UTP Plan, the Chairman of the UTP Plan's Operating Committee may submit the Amendment to the Commission on behalf of the Participants in the UTP Plan. Because the Participants have designated the Amendment as concerned solely with the administration of the Plan, the Amendment is effective upon filing with the Commission.

    D. Development and Implementation Phases

    Not applicable.

    E. Analysis of Impact on Competition

    The Participants assert that the Amendment does not impose any burden on competition because it simply effectuates a change in the names and addresses of certain Participants. For the same reasons, the Participants do not believe that the Amendment introduces terms that are unreasonably discriminatory for purposes of Section 11A(c)(1)(D) of the Exchange Act.

    F. Written Understanding or Agreements Relating to Interpretation of, or Participation in, Plan

    Not applicable.

    G. Approval by Sponsors in Accordance With Plan

    See Item I.C. above.Start Printed Page 30206

    H. Description of Operation of Facility Contemplated by the Proposed Amendments

    Not applicable.

    I. Terms and Conditions of Access

    Not applicable.

    J. Method of Determination and Imposition, and Amount of, Fees and Charges

    Not applicable.

    K. Method and Frequency of Processor Evaluation

    Not applicable.

    L. Dispute Resolution

    Not applicable.

    II. Rule 601(a)

    A. Equity Securities for Which Transaction Reports Shall be Required by the Plan

    Not applicable.

    B. Reporting Requirements

    Not applicable.

    C. Manner of Collecting, Processing, Sequencing, Making Available and Disseminating Last Sale Information

    Not applicable.

    D. Manner of Consolidation

    Not applicable.

    E. Standards and Methods Ensuring Promptness, Accuracy and Completeness of Transaction Reports

    Not applicable.

    F. Rules and Procedures Addressed to Fraudulent or Manipulative Dissemination

    Not applicable.

    G. Terms of Access to Transaction Reports

    Not applicable.

    H. Identification of Marketplace of Execution

    Not applicable.

    III. Solicitation of Comments

    The Commission seeks general comments on the Amendment. Interested persons are invited to submit written data, views, and arguments concerning the foregoing, including whether the proposed Amendment is consistent with the Act. Comments may be submitted by any of the following methods:

    Electronic Comments

    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 File No. 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 website (http://www.sec.gov/​rules/​sro.shtml). Copies of the submission, all written statements with respect to the proposed Amendment that are filed with the Commission, and all written communications relating to the proposed 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 website 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 website viewing and printing at the principal office of the Plans.

    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 S7-24-89 and should be submitted on or before July 18, 2018.

    Start Signature

    By the Commission.

    Eduardo A. Aleman,

    Assistant Secretary.

    End Signature End Preamble

    Footnotes

    3.  The Participants are: Cboe BYX Exchange, Inc.; Cboe BZX Exchange, Inc.; Cboe EDGA Exchange, Inc.; Cboe EDGX Exchange, Inc.; Cboe Exchange, Inc.; Chicago Stock Exchange, Inc.; Financial Industry Regulatory Authority, Inc.; Investors Exchange LLC; Nasdaq BX, Inc.; Nasdaq ISE, LLC; Nasdaq PHLX LLC; The Nasdaq Stock Market LLC; New York Stock Exchange LLC; NYSE Arca, Inc.; NYSE American LLC; and NYSE National, Inc. (collectively, the “Participants”).

    Back to Citation

    4.  The Plan governs the collection, processing, and dissemination on a consolidated basis of quotation information and transaction reports in Eligible Securities for each of its Participants. This consolidated information informs investors of the current quotation and recent trade prices of Nasdaq securities. It enables investors to ascertain from one data source the current prices in all the markets trading Nasdaq securities. The Plan serves as the required transaction reporting plan for its Participants, which is a prerequisite for their trading Eligible Securities. See Securities Exchange Act Release No. 55647 (April 19, 2007), 72 FR 20891 (April 26, 2007).

    Back to Citation

    [FR Doc. 2018-13767 Filed 6-26-18; 8:45 am]

    BILLING CODE 8011-01-P

Document Information

Published:
06/27/2018
Department:
Securities and Exchange Commission
EntryType:
Notice
Document Number:
2018-13767
Pages:
30205-30206 (2 pages)
Docket Numbers:
Release No. 34-83493, File No. S7-24-89
E.O. Citation:
of 6/21/2018
SectionNoes:
PDF File:
2018-13767.pdf