Weekly Roundup of Exchange Rules by Category
New SRO rules, rule proposals and NMS plans were announced by the SEC. Click on the links below to view SEC Notices of exchange rule changes and proposals for the week of September 12 – September 16.
Clearance & Settlement
- ICC: Notice of Designation of Longer Period for Commission Action on Proposed Rule Change to Revise the ICC Risk Management Model Description Document and the ICC Risk Management Framework (Release No. 34-78846; File No. SR-ICC-2016-010; September 15, 2016)
- ICC: Notice of Filing of Proposed Rule Change to Provide for the Clearance of Additional Credit Default Swap Contracts (Release No. 34-78818; File No. SR-ICC-2016-012; September 12, 2016)
- NASDAQ OMX BX: Notice of Filing of Proposed Rule Change to Provide for the Clearance of Additional Credit Default Swap Contracts (Release No. 34-78818; File No. SR-ICC-2016-012; September 12, 2016)
- OCC-AN: Notice of Filing of Advance Notice Concerning The Options Clearing Corporation's Escrow Deposit Program (Release No. 34-78834; File No. SR-OCC-2016-802; September 14, 2016); see also Exhibit 5A, Exhibit 5B
Corporate Governance
- C2: Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Amend the Bylaws Title (Release No. 34-78843; File No. SR-C2-2016-019; September 14, 2016)
Fees, Fines, Rebates & Claims
- Bats BZX: Suspension of and Order Instituting Proceedings to Determine Whether to Approve or Disapprove a Proposed Rule Change to Modify the Options Regulatory Fee (Release No. 34-78849; File No. SR-BatsBZX-2016-42; September 15, 2016)
- Bats EDGX: Suspension of and Order Instituting Proceedings to Determine Whether to Approve or Disapprove a Proposed Rule Change to Adopt an Options Regulatory Fee (Release No. 34-78850; File No. SR-BatsEDGX-2016-33; September 15, 2016)
- BOX: Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Amend the Fee Schedule on the BOX Market LLC ("BOX") Options Facility to Change the Fees and Credits for Facilitation and Solicitation Transactions (Release No. 34-78828; File No. SR-BOX-2016-43; September 13, 2016); see also Exhibit 5
- BOX: Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Amend the Fee Schedule on the BOX Market LLC ("BOX") Options Facility to Specify that All Complex Order Transactions Executed Through the Exchanges Auction Mechanisms Will Be Subject to Section I (Exchange Fees) and II (Liquidity Fees and Credits) (Release No. 34-78827; File No. SR-BOX-2016-42; September 13, 2016); see also Exhibit 5
- BOX: Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Amend the Fee Schedule on the BOX Market LLC ("BOX") Options Facility to Change the Liquidity Fee and Credit Structure for PIP and COPIP Transactions (Release No. 34-78830; File No. SR-BOX-2016-44; September 13, 2016); see also Exhibit 5
- CHX: Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Amend Article 20, Rule 13(b) to Modify Certain Data Collection Requirements of the Regulation NMS Plan to Implement a Tick Size Pilot Program (Release No. 34-78812; File No. SR-CHX-2016-17; September 12, 2016); see also Exhibit 5
Market Data
- IEX: Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Amend Rule 11.340 to Modify Certain Data Collection Requirements of the Regulation NMS Plan to Implement a Tick Size Pilot Program (Release No. 34-78820; File No. SR-IEX-2016-13; September 13, 2016); see also Exhibit 5
- MSRB: Notice of Filing of Amendment No. 1 and Order Granting Accelerated Approval of a Proposed Rule Change, as Modified by Amendment No. 1, to Establish the MSRB Academic Historical Transaction Data Product (Release No. 34-78826; File No. SR-MSRB-2016-09; September 13, 2016)
- NASDAQ: Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Amend Rule 4770 (Release No. 34-78816; File No. SR-NASDAQ-2016-123; September 12, 2016); see also Exhibit 5
- NASDAQ: Notice of Filing of Proposed Rule Change to Describe Changes to System Functionality Necessary to Implement the Tick Size Pilot Program (Release No. 34-78837; File No. SR-NASDAQ-2016-126; September 14, 2016); see also Exhibit 5
- NASDAQ OMX BX: Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Amend Rule 4770 (Release No. 34-78811; File No. SR-BX-2016-048; September 12, 2016); see also Exhibit 5
- NASDAQ OMX BX: Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Amend Rule 4770 (Release No. 34-78816; File No. SR-NASDAQ-2016-123; September 12, 2016); see also Exhibit 5
- NASDAQ OMX BX: Notice of Filing of Proposed Rule Change to Describe Changes to System Functionality Necessary to Implement the Tick Size Pilot Program (Release No. 34-78838; File No. SR-BX-2016-050; September 14, 2016); see also Exhibit 5
- NYSE: Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Amend Rule 67 to Modify Certain Data Collection Requirements of the Regulation NMS Plan to Implement a Tick Size Pilot Program (Release No. 34-78813; File No. SR-NYSE-2016-63; September 12, 2016); see also Exhibit 5
- NYSE Arca: Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Amend Rule 7.46 to Modify Certain Data Collection Requirements of the Regulation NMS Plan to Implement a Tick Size Pilot Program (Release No. 34-78814; File No. SR-NYSEArca-2016-124; September 12, 2016); see also Exhibit 5
- NYSE MKT: Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Amend Rule 67 - Equities to Modify Certain Data Collection Requirements of the Regulation NMS Plan to Implement a Tick Size Pilot Program (Release No. 34-78817; File No. SR-NYSEMKT-2016-84; September 12, 2016); see also Exhibit 5
- Phlx: Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Amend Rule 3317 (Release No. 34-78815; File No. SR-Phlx-2016-90; September 12, 2016); see also Exhibit 5
- Phlx: Notice of Filing of Proposed Rule Change to Describe Changes to System Functionality Necessary to Implement the Tick Size Pilot Program (Release No. 34-78835; File No. SR-Phlx-2016-92; September 14, 2016); see also Exhibit 5
Miscellaneous
- FINRA: Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Adopt NASD Interpretive Material 2210-2 as FINRA Rule 2211 (Communications with the Public About Variable Life Insurance and Variable Annuities) in the Consolidated FINRA Rulebook (Release No. 34-78851; File No. SR-FINRA-2016-036; September 15, 2016); see also Exhibit 5
- FINRA: Notice of Filing of Partial Amendment No. 1 and Order Granting Accelerated Approval of a Proposed Rule Change Amending FINRA Rules 2210 (Communications with the Public), 2213 (Requirements for the Use of Bond Mutual Fund Volatility Ratings), and 2214 (Requirements for the Use of Investment Analysis Tools), as Modified by Partial Amendment No. 1 (Release No. 34-78823; File No. SR-FINRA-2016-018; September 13, 2016); see also Exhibit 5
- FINRA: Order Approving Proposed Rule Change to Amend Rule 12403 (Cases with Three Arbitrators) of the Code of Arbitration Procedure for Customer Disputes Relating to the Panel Selection Process in Arbitration (Release No. 34-78836; File No. SR-FINRA-2016-022; September 14, 2016)
Products
- Bats BZX: Notice of Filing of Amendment No. 1, and Order Granting Accelerated Approval of a Proposed Rule Change, as Modified by Amendments No. 1 and No. 2, to BZX Rule 14.1 (i), Managed Fund Shares, to List and Trade Shares of the ProShares Crude Oil Strategy ETF (Release No. 34-78847; File No. SR-BatsBZX-2016-34; September 15, 2016)
- NASDAQ OMX BX: Notice of Filing and Immediate Effectiveness of Proposed Rule Change Regarding Tiers Related to SPY Options (Release No. 34-78819; File No. SR-BX-2016-049; September 13, 2016); see also Exhibit 5
- NYSE Arca: Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change to List and Trade Shares of the Direxion Daily Municipal Bond Taxable Bear 1X Fund under NYSE Arca Equities Rule 5.2(j)(3) (Release No. 34-78840; File No. SR-NYSEArca-2016-100; September 14, 2016)
Trading & Trade Reporting
- CBOE: Notice of Filing of a Proposed Rule Change Relating to Price Protection Mechanisms and Risk Controls (Release No. 34-78839; File No. SR-CBOE-2016-053; September 14, 2016); see also Exhibit 5
- NYSE: Order Granting Approval of Proposed Rule Change Amending NYSE Rule 6A To Exclude the Physical Area Within Fully Enclosed Telephone Booths Located in 18 Broad Street From the Definition of Trading Floor (Release No. 34-78855; File No. SR-NYSE-2016-31; September 15, 2016)
- NYSE Arca: Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Extend the Deadline for Implementing Rule 6.61(a)(2) and (3) until September 30, 2016 (Release No. 34-78831; File No. SR-NYSEArca-2016-126; September 13, 2016); see also Exhibit 5
- NYSE MKT: Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Extend the Deadline for Implementing Rule 967.1NY(a)(2) and (3) until September 30, 2016 (Release No. 34-78829; File No. SR-NYSEMKT-2016-86; September 13, 2016); see also Exhibit 5