United States: Weekly Roundup Of Exchange Rules By Category - December 2016

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 December 19 – December 23.

Business Continuity

• ISE: Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Amend ISE Rule 803 at Supplementary Material .02 in Connection with Business Continuity and Disaster Recovery Plans (Release No. 34-79622; File No. SR-ISE-2016-30; December 20, 2016); see also Exhibit 5
• ISE Gemini: Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Amend Exchange Rules in Connection with Business Continuity and Disaster Recovery Plans Testing Requirements (Release No. 34-79626; File No. SR-ISEGemini-2016-24; December 20, 2016); see also Exhibit 5
• ISE Mercury: Notice of Filing and Immediate Effectiveness of Proposed Rule Change to amend ISE Mercury Rule 803 at Supplementary Material .02 in Connection with Business Continuity and Disaster Recovery Plans (Release No. 34-79624; File No. SR-ISEMercury-2016-24; December 20, 2016); see also Exhibit 5

Clearance & Settlement

• FINRA: Notice of Filing of a Proposed Rule Change to Amend FINRA Rules to conform to the Commissions Proposed Amendment to Commission Rule 15c6-1(a) and the Industry-led Initiative to Shorten the Standard Settlement Cycle for Most Broker-Dealer Transactions from T+3 to T+2 (Release No. 34-79648; File No. SR-FINRA-2016-047; December 21, 2016); see also Exhibit 5
• NSCC: Notice of No Objection to Advance Notice Filing to Accelerate its Trade Guaranty, Add New Clearing Fund Components, Enhance its Intraday Risk Management, Provide for Loss Allocation of "Off-the-Market Transactions", and Make Other Changes (Release No. 34-79592; File No. SR-NSCC-2016-803; December 19, 2016)
• NSCC: Order Granting Approval of Proposed Rule Change to Accelerate its Trade Guaranty, Add New Clearing Fund Components, Enhance its Intraday Risk Management, Provide for Loss Allocation of "Off-the-Market Transactions," and Make Other Changes (Release No. 34-79598; File No. SR-NSCC-2016-005; December 19, 2016)
• NYSE: Notice of Filing of Proposed Rule Change to Conform to Proposed Amendments to Securities Exchange Act Rule 15c6-1(a) to Shorten the Standard Settlement Cycle from Three Business Days after the Trade Date ("T+3") to Two Business Days after the Trade Date ("T+2") (Release No. 34-79659; File No. SR-NYSE-2016-87; December 22, 2016)
• NYSE MKT: Notice of Filing of Proposed Rule Change to Conform to Proposed Amendments to Securities Exchange Act Rule 15c6-1(a) to Shorten the Standard Settlement Cycle from Three Business Days after the Trade Date ("T+3") to Two Business Days after the Trade Date ("T+2") (Release No. 34-79658; File No. SR-NYSEMKT-2016-119; December 22, 2016)

Fees, Fines, Settlements, Rebates & Claims

• Bats BYX: Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Amend the Market Data Section of its Fee Schedule to Adopt Fees for BYX Summary Depth and Amend Fees for BYX Depth (Release No. 34-79623; File No. SR-BatsBYX-2016-39; December 20, 2016); see also Exhibit 5
• Bats BZX: Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Adopt a Participant Fee Applicable to Options Members of its Equity Options Platform (Release No. 34-79600; File No. SR-BatsBZX-2016-91; December 19, 2016); see also Exhibit 5
• Bats BZX: Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Amend the Market Data Section of its Fee Schedule to Adopt Fees for BZX Summary Depth and Amend Fees for BZX Depth (Release No. 34-79636; File No. SR-BatsBZX-2016-87; December 21, 2016); see also Exhibit 5
• Bats EDGX: Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Amend the Market Data Section of its Fee Schedule to Adopt Fees for EDGX Summary Depth and Amend Fees for EDGX Depth (Release No. 34-79595; File No. SR-Bats EDGX-2016-73; December 19, 2016); see also Exhibit 5
• ISE Gemini: Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Adjust Qualifying Tier Thresholds and Fees and Rebates (Release No. 34-79644; File No. SR-ISEGemini-2016-22; December 21, 2016); see also Exhibit 5
• MIAX: Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Amend Its Fee Schedule to Modify the Exchange's Connectivity Fees (Release No. 34-79666; File No. SR-MIAX-2016-47; December 22, 2016); see also Exhibit 5
• NYSE: Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Adopt a Trading License Fee for Calendar Year 2017 (Release No. 34-79639; File No. SR-NYSE-2016-88; December 21, 2016); see also Exhibit 5
• NYSE: Notice of Filing of Amendment No. 3 to Proposed Rule Change Amending the Co-location Services Offered by the Exchange to Add Certain Access and Connectivity Fees (Release No. 34-79674; File No. SR-NYSE-2016-45; December 22, 2016)
• NYSE Arca: Notice of Filing and Immediate Effectiveness of Proposed Rule Change Amending the NYSE Arca Equities Schedule of Fees and Charges for Exchange Services (Release No. 34-79597; File No. SR-NYSEArca-2016-165; December 19, 2016); see also Exhibit 5
• NYSE Arca: Notice of Filing of Amendment Nos. 2 and 3 to Proposed Rule Change Amending the Co-location Services Offered by the Exchange to Add Certain Access and Connectivity Fees (Release No. 34-79673; File No. SR-NYSEArca-2016-89; December 22, 2016)
• NYSE MKT: Notice of Filing and Immediate Effectiveness of Proposed Change Modifying the NYSE Amex Options Fee Schedule (Release No. 34-79651; File No. SR-NYSEMKT-2016-121; December 21, 2016); see also Exhibit 5
• NYSE MKT: Notice of Filing of Amendment Nos. 2 and 3 to Proposed Rule Change Amending the Co-location Services Offered by the Exchange to Add Certain Access and Connectivity Fees (Release No. 34-79672; File No. SR-NYSEMKT-2016-63; December 22, 2016)

Miscellaneous

• C2: Notice of Filing and Immediate Effectiveness of a Proposed Rule Change Relating to the Debit/Credit Price Reasonability Check for Complex Orders (Release No. 34-79590; File No. SR-C2-2016-024; December 19, 2016)
• CBOE: Order Approving a Proposed Rule Change in Connection with a Proposed Corporate Transaction Involving CBOE Holdings, Inc. and Bats Global Markets, Inc. (Release No. 34-79591; File Nos. SR-CBOE-2016-076, SR-C2-2016-022; December 19, 2016)
• CBOE: Notice of Filing and Immediate Effectiveness of a Proposed Rule Change Relating to the Debit/Credit Price Reasonability Checks for Complex Orders (Release No. 34-79589; File No. SR-CBOE-2016-086; December 19, 2016)
• FICC Advance Notice: Notice of Filing of an Advance Notice to Implement a Change to the Methodology Used in the MBSD VaR Model (Release No. 34-79643; File No. SR-FICC-2016-801; December 21, 2016)
• ISE Gemini: Notice of Filing of Proposed Rule Change, as Modified by Amendment Nos. 1 and 2, to Permit Nasdaq Execution Services, LLC to become an Affiliated Member of the Exchange to Perform Certain Routing and Other Functions (Release No. 34-79664; File No. SR-ISEGemini-2016-16; December 22, 2016); see also Exhibit 5
• NASDAQ: Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Delay the Implementation of the Limit Order Protection (Release No. 34-79641; File No. SR-NASDAQ-2016-179; December 21, 2016
• NYSE: Notice of Filing of Proposed Rule Change in Connection with the Proposed Acquisition of National Stock Exchange, Inc. by the Exchange's Parent the NYSE Group, Inc. to Amend Certain Organizational documents of NYSE Group, NYSE Holdings LLC, Intercontinental Exchange Holdings, Inc., and Intercontinental Exchange, Inc. (Release No. 34-79671; File No. SR-NYSE-2016-90; December 22, 2016); see also Exhibit 5
• NYSE Arca: Notice of Filing and Immediate Effectiveness of Proposed Rule Change Amending NYSE Arca Rule 3.2 and NYSE Arca Equities Rules 1.1, 3.2, 10.3, 10.8, 10.13, and 14 (Release No. 34-79594; File No. SR-NYSEArca-2016-164; December 19, 2016); see also Exhibit 5
• NYSE Arca: Notice of Filing of Proposed Rule Change in Connection with the Proposed Acquisition of National Stock Exchange, Inc. by the Exchanges Parent the NYSE Group, Inc. to Amend Certain Organizational documents of NYSE Group, NYSE Holdings LLC, Intercontinental Exchange Holdings, Inc., and Intercontinental Exchange, Inc. (Release No. 34-79678; File No. SR-NYSEArca-2016-167; December 22, 2016); see also Exhibit 5A
• NYSE MKT: Notice of Filing of Proposed Rule Change Amending Rule 971.1NY and to Make Permanent the Aspects of Customer Best Execution Auction that Are Subject to a Pilot (Release No. 34-79599; File No. SR-NYSEMKT-2016-120; December 19, 2016); see also Exhibit 3, Exhibit 5
• NYSE MKT: Notice of Designation of a Longer Period for Commission Action on Proceedings to Determine Whether to Approve or Disapprove Proposed Rule Changes to Extend the Time Within Which a Member, Member Organization, an ATP Holder, an OTP Holder, or an OTP Firm Must File a Uniform Termination Notice for Securities Industry Registration ("Form U5") and Any Amendments Thereto (Release No. 34-79645; File Nos. SR-NYSEMKT-2016-52, SR-NYSEArca-2016-103; December 21, 2016)
• NYSE MKT: Notice of Filing of Proposed Rule Change in Connection with the Proposed Acquisition of National Stock Exchange, Inc. by the NYSE Group, Inc. (Release No. 34-79675; File No. SR-NYSEMKT-2016-122; December 22, 2016); see also Exhibit 5

Products

• Bats BZX: Notice of Filing and Immediate Effectiveness of Proposed Rule Change to BZX Rule 14.11(i), Managed Fund Shares, to List Shares of the Cambria Sovereign High Yield Bond ETF and the Cambria Value and Momentum ETFs (Release No. 34-79618; File No. SR-BatsBZX-2016-88; December 20, 2016)
• BOX: Notice of Designation of Longer Period for Commission Action on Proposed Rule Change to Amend Rule 5050 Series of Options Contracts Open for Trading to Provide for the Listing and Trading on the Exchange of RealDayTM Options Pursuant to a Pilot Program (Release No. 34-79613; File No. SR-BOX-2016-50; December 20, 2016)
• ISE Gemini: Notice of Filing of Proposed Rule Change to Amend Various Rules in Connection with a System Migration to Nasdaq INET Technology (Release No. 34-79677; File No. SR-ISEGemini-2016-17; December 22, 2016); see also Exhibit 5
• ISE Mercury: Notice of Filing of Proposed Rule Change, as Modified by Amendment Nos. 1 and 2, to Permit Nasdaq Execution Services, LLC to become an Affiliated Member of the Exchange to Perform Certain Routing and Other Functions (Release No. 34-79663; File No. SR-ISEMercury-2016-22; December 22, 2016); see also Exhibit 5
• NASDAQ: Notice of Filing of Proposed Rule Change, as Modified by Amendment No. 1 Thereto, to Permit The Nasdaq Options Market LLC to Accept Inbound Options Orders Routed by Nasdaq Execution Services LLC (Release No. 34-79662; File No. SR-NASDAQ-2016-169; December 22, 2016)
• NASDAQ: Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Modify Administrative Charges for Distributors of Proprietary Data Feed Products (Release No. 34-79649; File No. SR-NASDAQ-2016-172; December 21, 2016); see also Exhibit 5
• NASDAQ OMX BX: Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Modify Administrative Charges for Distributors of Proprietary Data Feed Products (Release No. 34-79667; File No. SR-BX-2016-071; December 22, 2016); see also Exhibit 5
• NYSE: Notice of Filing of Proposed Rule Change Amending Its Listing Standards for Special Purpose Acquisition Companies (Release No. 34-79676; File No. SR-NYSE-2016-72; December 22, 2016); see also Exhibit 5
• Phlx: Notice of Filing of Proposed Rule Change, as Modified by Amendment No. 1 Thereto, to Permit Phlx to Accept Inbound Options Orders Routed by Nasdaq Execution Services LLC (Release No. 34-79660; File No. SR-Phlx-2016-120; December 22, 2016)
• Phlx: Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Modify Administrative Charges for Distributors of Proprietary Data Feed Products (Release No. 34-79654; File No. SR-Phlx-2016-122; December 22, 2016); see also Exhibit 5

Trading & Trade Reporting

• Bats BYX: Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Amend Rule 11.9, Orders and Modifiers, and Rule 11.13, Order Execution and Routing, to Enhance the Exchange's Midpoint Routing Functionality (Release No. 34-79603; File No. SR-BatsBYX-2016-41; December 19, 2016); see also Exhibit 5
• Bats EDGA: Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Amend Rule 11.8, Order Types, and Rule 11.11, Routing to Away Trading Centers, to Enhance the Exchange's Midpoint Routing Functionality (Release No. 34-79596; File No. SR-BatsEDGA-2016-34; December 19, 2016); see also Exhibit 5
• BOX: Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Adopt Rule 3220, Disruptive Quoting and Trading Activity Prohibited and Rule 12160, Expedited Suspension Proceeding (Release No. 34-79646; File No. SR-BOX-2016-59; December 21, 2016); see also Exhibit 5
• FINRA: Notice of Filing and Immediate Effectiveness of a Proposed Rule Change Relating to Reporting Transactions in U.S. Treasury Securities to the Trade Reporting and Compliance Engine (Release No. 34-79620; File No. SR-FINRA-2016-046; December 20, 2016)
• IEX: Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Require that an Issuer of Securities Listed under Chapter 16 Notify IEX about Certain Changes to the Index, Portfolio, or Reference Asset Underlying the Security (Release No. 34-79652; File No. SR-IEX-2016-21; December 21, 2016); see also Exhibit 3, Exhibit 5
• ISE: Notice of Filing of Proposed Rule Change, as Modified by Amendment No. 1 Thereto, to Amend the Exchange's Rules Regarding Routing of Orders, Cancellation of Orders, and Handling of Error Positions, and Permit Nasdaq Execution Services, LLC to become an Affiliated Member of the Exchange to Perform Certain Routing and Other Functions (Release No. 34-79665; File No. SR-ISE-2016-27; December 22, 2016); see also Exhibit 5
• ISE Gemini: Notice of Filing of Proposed Rule Change to Amend the Opening Process (Release No. 34-79679; File No. SR-ISEGemini-2016-18; December 22, 2016); see also Exhibit 5
• NASDAQ: Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Amend Rule 4770 (Compliance with Regulation NMS Plan to Implement a Tick Size Pilot) (Release No. 34-79616; File No. SR-NASDAQ-2016-171; December 20, 2016); see also Exhibit 5
• NASDAQ OMX BX: Notice of Filing of Proposed Rule Change, as Modified by Amendment No. 1 Thereto, to Permit BX to Accept Inbound Options Orders Routed by Nasdaq Execution Services LLC (Release No. 34-79661; File No. SR-BX-2016-068; December 22, 2016)
• NSCC: Notice of Filing of Proposed Rule Change to Reflect Updates to the Consolidated Trade Summary, Eliminate Re-Pricing in the Foreign Security Accounting Operation and Make Other Changes (Release No. 34-79655; File No. SR-NSCC-2016-008; December 22, 2016); see also Exhibit 5
• NYSE: Order Granting an Extension to Limited Exemptions From Rule 612(c) of Regulation NMS In Connection With the Exchanges Retail Liquidity Programs Until June 30, 2017 (Release No. 34-79587; File No. SR-NYSE-2011-55; December 16, 2016)
• NYSE: Notice of Filing and Immediate Effectiveness of Proposed Rule Change to (1) Change How Orders Would be Processed When the Protected Best Bid ("PBB") Is Higher Than the Protected Best Offer ("PBO") (The "PBBO") in Certain Circumstances, and (2) Adopt a Limit Order Price Protection Mechanism (Release No. 34-79638; File No. SR-NYSE-2016-85; December 21, 2016); see also Exhibit 5
• NYSE: Notice of Designation of a Longer Period for Commission Action on Proposed Rule Change Amending Rule 104 to Delete Subsection (g)(i)(A)(III) Prohibiting Designated Market Makers from Establishing a New High (Low) Price on the Exchange in a Security the DMM has a Long (Short) Position During the Last Ten Minutes Prior to the Close of Trading (Release No. 34-79612; File No. SR-NYSE-2016-71; December 20, 2016)
• NYSE: Notice of Filing and Immediate Effectiveness of Proposed Rule Change Amending Rule 123D and the Listed Company Manual (Release No. 34-79637; File No. SR-NYSE-2016-86; December 21, 2016); see also Exhibit 5
• NYSE Arca: Order Granting an Extension to Limited Exemption From Rule 612(c) of Regulation NMS In Connection With the Exchanges Retail Liquidity Program Until June 30, 2017 (Release No. 34-79586; File No. SR-NYSEArca-2013-107; December 16, 2016)
• NYSE MKT: Notice of Filing and Immediate Effectiveness of Proposed Rule Change to (1) Change How Orders Would Be Processed When the Protected Best Bid ("PBB") Is Higher Than the Protected Best Offer ("PBO") (The "PBBO") in Certain Circumstances, and (2) Adopt a Limit Order Price Protection Mechanism (Release No. 34-79640; File No. SR-NYSEMKT-2016-117; December 21, 2016); see also Exhibit 5
• NYSE MKT: Notice of Designation of a Longer Period for Commission Action on Proposed Rule Change Amending Rule 104 – Equities to Delete Subsection (g)(i)(A)(III) Prohibiting Designated Market Makers from Establishing a New High (Low) Price on the Exchange in a Security the DMM has a Long (Short) Position During the Last Ten Minutes Prior to the Close of Trading (Release No. 34-79611; File No. SR-NYSEMKT-2016-99; December 20, 2016)
• NYSE MKT: Notice of Filing and Immediate Effectiveness of Proposed Rule Change Amending Rule 123D – Equities and the Listed Company Manual (Release No. 34-79642; File No. SR-NYSEMKT-2016-118; December 21, 2016); see also Exhibit 5
• Phlx: Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Amend Rule 3317 (Compliance with Regulation NMS Plan to Implement a Tick Size Pilot) (Release No. 34-79614; File No. SR-Phlx-2016-121; December 20, 2016); see also Exhibit 5
• Phlx: Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Delay the Implementation of the Limit Order Protection for Members Accessing PSX (Release No. 34-79635; File No. SR-Phlx-2016-124; December 21, 2016)

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