Pursuant to Section 19(b)(2)(B) of the Act,30 the Commission is providing notice of the
grounds for disapproval under consideration.
The Commission is instituting proceedings to allow for additional analysis of the proposed rule change’s consistency with Section 6(b)(5) of the Act, which requires,
among other things, that the rules of a national securities exchange be
“designed to prevent fraudulent and manipulative acts and practices, to promote just and equitable principles of trade,” and “to protect investors and the public interest.”
