Notice2022-04955
Self-Regulatory Organizations; Nasdaq ISE, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Index Options Rules
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
March 9, 2022
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 87 Issue 46 (Wednesday, March 9, 2022)</title>
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[Federal Register Volume 87, Number 46 (Wednesday, March 9, 2022)]
[Notices]
[Pages 13350-13354]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-04955]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-94354; File No. SR-ISE-2022-04]
Self-Regulatory Organizations; Nasdaq ISE, LLC; Notice of Filing
and Immediate Effectiveness of Proposed Rule Change To Amend Index
Options Rules
March 3, 2022.
Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934
(``Act''),\1\ and Rule 19b-4 thereunder,\2\ notice is hereby given that
on February 18, 2022, Nasdaq ISE, LLC (``ISE'' or ``Exchange'') filed
with the Securities and Exchange Commission (``SEC'' or ``Commission'')
the proposed rule change as described in Items I and II below, which
Items have been prepared by the Exchange. The Commission is publishing
this notice to solicit comments on the proposed rule change from
interested persons.
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\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
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I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change
The Exchange proposes to amend ISE Rules at Options 3, Section 1,
Days and Hours of Business; Options 4A, Section 11, Trading Sessions;
and Options 4A, Section 12, Terms of Index Options Contracts. The
Exchange also proposes to adopt new Options 4A, Section 4 which is
currently reserved. Finally, the Exchange proposes to make a technical
amendment to Options 7, Section 1, General Provisions.
The text of the proposed rule change is available on the Exchange's
website at <a href="https://listingcenter.nasdaq.com/rulebook/ise/rules">https://listingcenter.nasdaq.com/rulebook/ise/rules</a>, at the
principal office of the Exchange, and at the Commission's Public
Reference Room.
II. Self-Regulatory Organization's Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule Change
In its filing with the Commission, the Exchange included statements
concerning the purpose of and basis for the proposed rule change and
discussed any comments it received on the proposed rule change. The
text of these statements may be examined at the places specified in
Item IV below. The Exchange has prepared summaries, set forth in
sections A, B, and C below, of the most significant aspects of such
statements.
[[Page 13351]]
A. Self-Regulatory Organization's Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule Change
1. Purpose
The Exchange proposes to amend ISE Rules at Options 3, Section 1,
Days and Hours of Business; Options 4A, Section 11, Trading Sessions;
and Options 4A, Section 12, Terms of Index Options Contracts. The
Exchange also proposes to adopt new Options 4A, Section 4 which is
currently reserved. Finally, the Exchange proposes to make a technical
amendment to Options 7, Section 1, General Provisions. Each change is
described below.
Options 3, Section 1
The Exchange proposes to amend Options 3, Section 1 concerning the
Days and Hours of Business. The Exchange proposes to amend the title
from ``Days and Hours of Business'' to ``Hours of Business.'' ISE
recently filed to establish General 3, Section 1030, which governs the
days the Exchange will be open for business.\3\ At this time the
Exchange proposes to amend the first paragraph of Options 3, Section 1
which provides, ``The Board shall determine the days the Exchange shall
be open for business (referred to as ``business days'') and the hours
of such days during which transactions may be made on the Exchange.''
The Exchange proposes to remove this sentence and instead provide,
``ISE shall be open for business as provided within General 3, Rule
1030.'' This proposed text will make clear that while General 3,
Section 1030 governs the days the Exchange will be open for business,
the remainder of the rule addresses the hours of operation of the
System and specific products. The Exchange also proposes to remove
paragraph (e) as holidays are addressed within General 3, Section 1030.
The remainder of the paragraphs are proposed to be re-lettered.
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\3\ See Securities Exchange Act Release No. 93675 (November 29,
2021), 86 FR 68714 (December 3, 2021) (SR-NASDAQ-2021-69) (Notice of
Filing and Immediate Effectiveness of Proposed Rule Change To
Include Juneteenth National Independence Day as a Holiday). ISE's
General 3 rules incorporate by reference The Nasdaq Stock Market
LLC's General 3 Rules. Rule 1030 of General 3 memorialized all
current Exchange holidays and added a provision to permit the
Exchange the authority to halt or suspend trading or close Exchange
facilities for certain unanticipated closures.
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Options 4A, Section 4
The Exchange proposes to adopt a new rule at Options 4A, Section 4,
which is currently reserved, and title the rule ``Index Options Values
for Settlement.'' Proposed Options 4A, Section 4 would specify the way
the Exchange would arrive at index options values in cases where the
Exchange's index rules would not otherwise apply. The Exchange is
relocating certain portions of current ISE Options 4A rules into
proposed new Options 4A, Section 4 so all related rule text would be
within the same rule.
Proposed Options 4A, Section 4(a) rule text is being relocated from
current rule text within Options 4A, Section 12(e) without change. The
rule text currently provides that where Exchange index options rules do
not apply, ISE index options would settle based on the current index
value used to settle the exercise of an index options contract, which
would be the closing index value for the day on which the index options
contract is exercised in accordance with the Rules of The Options
Clearing Corporation (``OCC'') or, if such day is not a business day,
for the most recent business day.
Proposed Options 4A, Section 4(b) rule text is being relocated from
current rule text within Options 4A, Section 11(g) without change. The
rule text currently provides for the current index value in the
instance the primary market for a security underlying the current index
value of an index option does not open for trading on a given day,
which is an expiration day. In this case, the settlement price at
expiration shall be the last reported sale price of the security from
the previous trading day, unless the current index value at expiration
is fixed in accordance with the Rules and By-Laws of OCC.
The Exchange also proposes to add new rule text within Options 4A,
Section 4(c) which states,
With respect to any securities index on which options are traded
on the Exchange, the source of the prices of component securities
used to calculate the current index level at expiration is
determined by the Reporting Authority for that index.
This rule text is identical to the rule text within Phlx Options
4A, Section 4(c)(1) and Cboe Exchange, Inc. (``Cboe'') Rule 4.13 at .09
of Interpretations and Policies and follows the Exchange's current
practice.\4\ The purpose of the proposed rule change is to clarify that
the Reporting Authority for a securities index on which options are
traded on the Exchange is the source of prices of component securities
used to calculate the current index level at expiration. Certain ISE
rules may be interpreted in a manner that suggests that the current
index value at expiration of any securities index is determined by the
opening (or closing) prices of the underlying components as reported by
each respective underlying component's ``primary market'' such as
current Options 4A, Section 11(g). Because Options 4A, Section 11(g)
could be interpreted to mean that the primary market for each security
that comprises an index will always be the source of opening and
closing prices used in the calculation of the particular index's value
at expiration, the Exchange proposes to adopt the same rule text as
Phlx and Cboe.\5\
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\4\ See Securities Exchange Act Release No. 50269 (August 26,
2004), 69 FR 53755 (September 2, 2004) (SR-CBOE-2004-42) (Notice of
Filing and Immediate Effectiveness of Proposed Rule Change Relating
to the Calculation of Securities Indexes Underlying Options).
\5\ See Phlx Options 4A, Section 4(c)(1) and Cboe Rule 4.13 at
.09 of Interpretations and Policies.
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The Exchange believes that Options 4A, Section 4 will provide a
transparent reference to the way the Exchange arrives at index options
values for settlement where the Exchange's rules may not apply. With
respect to a particular index, the Reporting Authority is the
institution(s) or reporting service designated by the Exchange as the
official source for calculating and determining the current value \6\
or the closing index value of the index.\7\
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\6\ The term ``current index value'' with respect to a
particular index options contract means the level of the underlying
index reported by the reporting authority for the index, or any
multiple or fraction of such reported level specified by the
Exchange. The current index value with respect to a reduced-value
long term options contract is one-tenth of the current index value
of the related index option. The ``closing index value'' shall be
the last index value reported on a business day. See ISE Options 4A,
Section 2(e).
\7\ See ISE Options 4A, Section 2(n). See also Supplementary
Material .01 to Options 4A, Section 2.
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As noted above, the rule text within ISE Options 4A, Section 11(g)
is proposed to be relocated to ISE Options 4A, Section 4(b) without
change.
Options 4A, Section 12
The Exchange proposes to amend Options 4A, Section 12(a)(4)
concerning European-style options, to reword the current rule text to
make clear that the list which follows represents indexes on which
options may be listed. The Exchange is also adding a reference to the
p.m.-settled index options \8\ which is proposed to be listed within
proposed paragraph (a)(6)(i), described below. All of the indexes
listed within Options 4A, Section 12(a)(4) are currently European-
style. The p.m.-settled index option is
[[Page 13352]]
part of a pilot program.\9\ The proposed amendments merely organize the
products as either a.m.-settled or p.m.-settled within Options 4A,
Section 12 for greater clarity. The proposed changes are non-
substantive as they represent the way these products trade. The
Exchange proposes to add the phrase ``on the following indexes'' to the
end of Options 4A, Section 12(a)(4) and 12(a)(5) for clarity and
relocate the word ``following'' within Options 4A, Section 12(a)(5), as
well as make other minor technical amendments, in an effort to organize
the lists of options indexes.
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\8\ Currently, the Exchange lists p.m.-settled products. This
new paragraph will expand upon the current p.m.-settled products
which are described in Options 4A, Section 12(a)(6) (an index
option) and (b)(5) (nonstandard program).
\9\ See ISE Options 4A, Section 12(a)(6) (an index option) and
Supplementary Material .07 to Options 4A, Section 12 (nonstandard
program).
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The Exchange proposes to add a new paragraph (a)(6) within Options
4A, Section 12 which describes the manner in which p.m.-settled index
options \10\ are handled today. This language is consistent with how
p.m.-settled index options on ISE are treated today. This new paragraph
would provide:
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\10\ The Nasdaq Options Market LLC (``NOM'') Rules at Options
4A, Section 12(a)(6) and Phlx Options 4A, Section 12(f) contain a
paragraph describing p.m.-settled index options.
P.M.--Settled Index Options. The last day of trading for P.M.-
settled index options shall be the business day of expiration, or,
in the case of an option contract expiring on a day that is not a
business day, on the last business day before its expiration date.
The current index value at expiration of the index is determined by
the last reported sale price of each component security. In the
event that the primary market for an underlying security does not
open for trading on the expiration date, the price of that security
shall be the last reported sale price prior to the expiration date.
The following P.M.-settled index options are approved for trading on
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ISE:
This paragraph would serve to distinguish a.m.-settled and p.m.-
settled index options as there is a similar paragraph regarding a.m.-
settled index options within Options 4A, Section 12(a)(5).
The Exchange proposes to re-number current paragraph (a)(6) as
(a)(6)(i) of Options 4A, Section 12. Current Options 4A, Section
12(a)(6) describes the Nasdaq 100 Reduced Value Index (``NQX'') which
is a p.m.-settled index that is subject to a pilot program.\11\ The
Non-Standard Program, another p.m.-settled product, is separately
described in detail within Options 4A, Section 12(b)(5).\12\ These are
both pilot programs. The proposed changes are non-substantive and
merely seek to categorize existing products which were all filed with
the Commission.
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\11\ See Securities Exchange Act Release Nos. 82911 (March 20,
2018), 83 FR 12966 (March 26, 2018) (SR-ISE-2017-106) (Approval
Order); 86071 (June 10, 2019), 84 FR 27822 (June 14, 2019) (SR-ISE-
2019-18); 87379 (October 22, 2019), 84 FR 57793 (October 28, 2019)
(SR-ISE-2019-27); 88683 (April 17, 2020), 85 FR 22768 (April 23,
2020) (SR-ISE-2020-18); 90257 (October 22, 2020), 85 FR 68387
(October 28, 2020) (SR-ISE-2020-33); 91485 (April 6, 2021), 86 FR
19052 (April 12, 2021) (SR-ISE-2021-05); and 93449 (October 28,
2021), 86 FR 60679 (November 3, 2021); and 93448 (October 28, 2021),
86 FR 60717 (November 3, 2021) (SR-ISE-2021-22).
\12\ See Securities Exchange Act Release Nos. 82612 (February 1,
2018), 83 FR 5470 (February 7, 2018) (approving SR-ISE-2017-111)
(Order Approving a Proposed Rule Change To Establish a Nonstandard
Expirations Pilot Program); 85030 (February 1, 2019), 84 FR 2633
(February 7, 2019) (SR-ISE-2019-01); 85672 (April 17, 2019), 84 FR
16899 (April 23, 2019) (SR-ISE-2019-11); 87380 (October 22, 2019),
84 FR 57786 (October 28, 2019) (SR-ISE-2019-28); 88681 (April 17,
2020), 85 FR 22775 (April 23, 2020) (SR-ISE-2020-17); 90265 (October
23, 2020), 85 FR 68605 (October 29, 2020) (SR-ISE-2020-34); 91486
(April 6, 2021), 86 FR 19048 (April 12, 2021) (SR-ISE-2021-06); and
93449 (October 28, 2021), 86 FR 60679 (November 3, 2021) (SR-ISE-
2021-23).
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Finally, the Exchange proposes to amend current Options 4A, Section
12(d) to remove references to a.m.-settled index options because p.m.-
settled index options are listed on ISE as well. By removing the
phrase, ``at the expiration of an A.M.-settled index option'' the
paragraph would apply to both a.m.-settled and p.m.-settled index
options. Currently, Options 4A, Section 12(d) applies to p.m.-settled
index options. The Exchange is not otherwise amending Options 4A,
Section 12(d). Options 4A, Section 12(d) describes the manner in which
the reported level of the underlying index that is calculated by the
reporting authority may differ from the level of the index that is
separately calculated and reported by the reporting authority.
As noted above, Options 4A, Section 12(e) is proposed to be
relocated to Options 4A, Section 4(a) without change.
Technical Amendments
The Exchange proposes to amend Options 7, Section 1, General
Provisions, to add a ``(c)'' before certain defined terms to provide a
way to cite to that rule text. This amendment is non-substantive.
2. Statutory Basis
The Exchange believes that its proposal is consistent with Section
6(b) of the Act,\13\ in general, and furthers the objectives of Section
6(b)(5) of the Act,\14\ in particular, in that it is designed to
promote just and equitable principles of trade and to protect investors
and the public interest.
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\13\ 15 U.S.C. 78f(b).
\14\ 15 U.S.C. 78f(b)(5).
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Options 3, Section 1
The Exchange's proposal to amend Options 3, Section 1 concerning
the Days and Hours of Business is consistent with the Act. The proposal
to amend the title from ``Days and Hours of Business'' to ``Hours of
Business'' will bring greater clarity to the rule. BX recently filed to
establish General 3, Section 1030, which governs the days the Exchange
will be open for business.\15\ Amending the rule text to reference
General 3, Section 1030 will provide Members with a guidepost as to
where to locate the rule that applies to the days the Exchange is open
for business. Finally removing Options 3, Section 1(e) will avoid
confusion.
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\15\ See note 3 above.
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Options 4A, Section 4
The Exchange's proposal to adopt a new rule at Options 4A, Section
4, which is currently reserved, and title the rule ``Index Options
Values for Settlement'' is consistent with the Act. Proposed Options
4A, Section 4 would specify the way the Exchange would arrive at index
options values in cases where the Exchange's index rules would not
otherwise apply. The Exchange is relocating certain portions of current
Phlx Options 4A rules into proposed new Options 4A, Section 4, without
change, so all related rule text would be within the same rule.
The relocation of certain rule text within Options 4A, without
change, is non-substantive. The proposal to add rule text within
Options 4A, Section 4(c), which is identical to rule text within Phlx
Options 4A, Section 4(c)(1) and Cboe Rule 4.13 at .09 of
Interpretations and Policies is consistent with the Act. The proposed
language is consistent with current practice. The Reporting Authority
is the source of prices of component securities used to calculate the
current index level at expiration. Today, ISE rules may be interpreted
in a manner that suggests that the current index value at expiration of
any particular securities index is determined by the opening (or
closing) prices of the underlying components as reported by each
respective underlying component's ``primary market'' such as current
Options 4A, Section 11(g). Because Options 4A, Section 11(g) could be
interpreted to mean that the primary market for each security that
comprises an index will always be the source of opening and closing
prices used in the calculation of the particular index's value at
expiration, the Exchange
[[Page 13353]]
proposes to adopt rule text identical to Phlx and Cboe.\16\
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\16\ See note 5 above.
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The Exchange believes that this proposed rule will provide a
transparent reference to the way the Exchange arrives at index options
values for settlement where the Exchange's rules may not apply. With
respect to a particular index, the Reporting Authority is the
institution(s) or reporting service designated by the Exchange as the
official source for calculating and determining the current value \17\
or the closing index value of the index.\18\
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\17\ See note 6 above.
\18\ See note 7 above.
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Options 4A, Section 12
The Exchange's proposal to amend Options 4A, Section 12(a)(4)
concerning European-style options, to reword the current rule text to
make clear that the list which follows represents indexes on which
options may be listed is consistent with the Act. The current language
does not distinguish between a.m.-settled and p.m.-settled index
options. Adding a paragraph describing a p.m.-settled index option \19\
to proposed Options 4A, Section 12(a)(6) will make clear the index
within proposed Options 4A, Section 12(a)(6)(i) is p.m.-settled. The
only index that is p.m.-settled is part of a pilot program.\20\ The
proposed amendments merely organize the products as either a.m.-settled
or p.m.-settled within Options 4A, Section 12 for greater clarity. The
proposed changes are non-substantive as they represent the way these
products trade. Further, adding new paragraph (a)(6) within Options 4A,
Section 12 which describes a p.m.-settled index options will serve to
distinguish a.m.-settled and p.m.-settled index options.
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\19\ See note 8 above.
\20\ See note 9 above.
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Rewording current Options 4A, Section 12(d) to remove references to
a.m.-settled index options is consistent with the Act as p.m.-settled
index options are listed on ISE as well. By removing the phrase, ``at
the expiration of an A.M.-settled index option'' the paragraph would
apply to both a.m.-settled and p.m.-settled index options. Currently,
Options 4A, Section 12(d) applies to p.m.-settled index options.
Options 4A, Section 12(d) describes the way the reported level of the
underlying index that is calculated by the reporting authority may
differ from the level of the index that is separately calculated and
reported by the reporting authority.
The remainder of the proposed changes to Options 4A, Section 12 are
technical and non-substantive.
Technical Amendments
The Exchange's proposal to amend Options 7, Section 1, General
Provisions, to add a ``(c)'' before certain defined terms to provide a
way to cite to that rule text is a non-substantive amendment.
B. Self-Regulatory Organization's Statement on Burden on Competition
The Exchange does not believe that the proposed rule change will
impose any burden on competition not necessary or appropriate in
furtherance of the purposes of the Act.
Options 3, Section 1
The Exchange's proposal to amend Options 3, Section 1 concerning
the Days and Hours of Business does not impose an undue burden on
competition. The proposal to amend the title from ``Days and Hours of
Business'' to ``Hours of Business'' will bring greater clarity to the
rule. Amending the rule text to reference General 3, Section 1030 will
provide Members with a guidepost as to where to locate the rule that
applies to the days the Exchange is open for business. Finally, the
removal of Options 3, Section 1(e) will avoid confusion.
Options 4A, Section 4
The Exchange's proposal to adopt a new rule at Options 4A, Section
4, does not impose an undue burden on competition. Proposed Options 4A,
Section 4 would specify the way the Exchange would arrive at index
options values in cases where the Exchange's index rules would not
otherwise apply. The Exchange is relocating certain portions of current
Phlx Options 4A rules into proposed new Options 4A, Section 4, without
change and, therefore, those amendments are non-substantive. The
proposal to add rule text within Options 4A, Section 4(c), which is
identical to rule text within Phlx Options 4A, Section 4(c)(1) and Cboe
Rule 4.13 at .09 of Interpretations and Policies, and which follows the
Exchange's current practice, does not impose an undue burden on
competition. The Reporting Authority is the source of prices of
component securities used to calculate the current index level at
expiration. The Exchange believes that this proposed rule will provide
a transparent reference to the way the Exchange arrives at index
options values for settlement where the Exchange's rules may not apply.
The addition of this information to the rules will bring greater
clarity and transparency to the Exchange's Rules.
Options 4A, Section 12
The Exchange's proposal to amend Options 4A, Section 12(a)(4)
concerning European-style options, to reword the current rule text to
make clear that the list which follows represents indexes on which
options may be listed does not impose an undue burden on competition.
The current language does not distinguish between a.m.-settled and
p.m.-settled index options. Adding a paragraph describing a p.m.-
settled index options \21\ to proposed Options 4A, Section 12(a)(6)
will make clear the index within proposed Options 4A, Section
12(a)(6)(i) is p.m.-settled. This p.m.-settled index is part of a pilot
program.\22\ The proposed amendments merely organize the products as
either a.m.-settled or p.m.-settled within Options 4A, Section 12 for
greater clarity. Rewording current Options 4A, Section 12(d) to remove
references to a.m.-settled index options does not impose an undue
burden on competition as p.m.-settled index options are listed on ISE
as well. By removing the phrase, ``at the expiration of an A.M.-settled
index option'' the paragraph would apply to p.m.-settled index options
as well, as is the case today.
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\21\ See note 8 above.
\22\ See note 9 above.
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Technical Amendments
The Exchange's proposal to amend Options 7, Section 1, General
Provisions, to add a ``(c)'' before certain defined terms to provide a
way to cite to that rule text is a non-substantive amendment.
C. Self-Regulatory Organization's Statement on Comments on the Proposed
Rule Change Received From Members, Participants, or Others
No written comments were either solicited or received.
III. Date of Effectiveness of the Proposed Rule Change and Timing for
Commission Action
Because the foregoing proposed rule change does not: (i)
Significantly affect the protection of investors or the public
interest; (ii) impose any significant burden on competition; and (iii)
become operative for 30 days from the date on which it was filed, or
such shorter time as the Commission may designate, it has become
effective pursuant to Section 19(b)(3)(A)(iii) of the Act \23\ and
[[Page 13354]]
subparagraph (f)(6) of Rule 19b-4 thereunder.\24\
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\23\ 15 U.S.C. 78s(b)(3)(A)(iii).
\24\ 17 CFR 240.19b-4(f)(6). In addition, Rule 19b-4(f)(6)
requires a self-regulatory organization to give the Commission
written notice of its intent to file the proposed rule change at
least five business days prior to the date of filing of the proposed
rule change, or such shorter time as designated by the Commission.
The Exchange has satisfied this requirement.
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A proposed rule change filed under Rule 19b-4(f)(6) \25\ normally
does not become operative prior to 30 days after the date of the
filing. However, pursuant to Rule 19b-4(f)(6)(iii),\26\ the Commission
may designate a shorter time if such action is consistent with the
protection of investors and the public interest. The Exchange requests
that the Commission waive the 30-day operative delay so that the
proposal may become operative immediately upon filing. As the proposal
raises no new or novel issues, the Commission believes that waiving the
30-day operative delay is consistent with the protection of investors
and the public interest. Accordingly, the Commission waives the 30-day
operative delay and designates the proposed rule change operative upon
filing.\27\
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\25\ 17 CFR 240.19b-4(f)(6).
\26\ 17 CFR 240.19b-4(f)(6)(iii).
\27\ For purposes only of waiving the 30-day operative delay,
the Commission has considered the proposed rule's impact on
efficiency, competition, and capital formation. See 15 U.S.C.
78c(f).
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At any time within 60 days of the filing of the proposed rule
change, the Commission summarily may temporarily suspend such rule
change if it appears to the Commission that such action is necessary or
appropriate in the public interest, for the protection of investors, or
otherwise in furtherance of the purposes of the Act. If the Commission
takes such action, the Commission shall institute proceedings to
determine whether the proposed rule should be approved or disapproved.
IV. Solicitation of Comments
Interested persons are invited to submit written data, views, and
arguments concerning the foregoing, including whether the proposed rule
change is consistent with the Act. Comments may be submitted by any of
the following methods:
Electronic Comments
<bullet> Use the Commission's internet comment form (<a href="http://www.sec.gov/rules/sro.shtml">http://www.sec.gov/rules/sro.shtml</a>); or
<bullet> Send an email to <a href="/cdn-cgi/l/email-protection#ff8d8a939ad29c9092929a918b8cbf8c9a9cd1989089"><span class="__cf_email__" data-cfemail="abd9dec7ce86c8c4c6c6cec5dfd8ebd8cec885ccc4dd">[email protected]</span></a>. Please include
File Number SR-ISE-2022-04 on the subject line.
Paper Comments
<bullet> Send paper comments in triplicate to Securities and
Exchange Commission, 100 F Street NE, Washington, DC 20549-1090.
All submissions should refer to File Number SR-ISE-2022-04. 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 website (<a href="https://www.sec.gov/rules/sro.shtml">https://www.sec.gov/rules/sro.shtml</a>). Copies of the submission, all subsequent amendments, all
written statements with respect to the proposed rule change that are
filed with the Commission, and all written communications relating to
the proposed rule change 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 inspection and copying at the principal office of the 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-ISE-2022-04 and should be
submitted on or before March 30, 2022.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\28\
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\28\ 17 CFR 200.30-3(a)(12).
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J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2022-04955 Filed 3-8-22; 8:45 am]
BILLING CODE 8011-01-P
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</html>Indexed from Federal Register on March 9, 2022.
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