[Federal Register: September 21, 2007 (Volume 72, Number 183)]
[Rules and Regulations]
[Page 53952-53955]
[DOCID:fr21se07-15]

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ENVIRONMENTAL PROTECTION AGENCY

40 CFR Part 81

[EPA-HQ-OAR-2003-0090; FRL-8469-8]
RIN 2060-AO05

Extension of the Deferred Effective Date for 8-Hour Ozone
National Ambient Air Quality Standards for the Denver Early Action
Compact

AGENCY: Environmental Protection Agency (EPA).

ACTION: Final rule.

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SUMMARY: The EPA is taking final action to extend the deferral of the
effective date of the 8-hour ozone National Ambient Air Quality
Standard (NAAQS) designation for the Denver Early Action Compact (EAC)
from September 14, 2007 to November 20, 2007. The EAC areas have agreed
to reduce ground-level ozone pollution earlier than the Clean Air Act
(CAA) requires. On November 29, 2006, EPA extended the deferred
effective date for the Denver EAC area from December 31, 2006, to July
1, 2007. In that final rulemaking, EPA noted that there was litigation
regarding the deferral of the effective date for the Denver EAC and
that the parties were discussing settlement. Thus, in the interest of
maintaining the status quo while settlement discussion proceeded, EPA
issued a brief further deferral of the effective date of the
nonattainment designation until September 14, 2007. The parties are
continuing settlement discussions. EPA is issuing at this time a short
further deferral of the effective date of Denver's designation for the
8-hour ozone standard from September 14, 2007 to November 20, 2007.

DATES: Effective Date: This final rule is effective on September 14,
2007.

ADDRESSES: EPA has established a docket for this action under Docket ID
No. EPA-HQ-OAR-2003-0090. All documents in the docket are listed on the
http://www.regulations.gov Web site. Although listed in the index, some

information is not publicly available, e.g., CBI or other information
whose disclosure is restricted by statute. Certain other material, such
as copyrighted material, is not placed on the Internet and will be
publicly available only in hard copy form. Publicly available docket
materials are available either electronically through http://www.regulations.gov
 or in hard copy at the Docket, EPA/DC, EPA West

Building, EPA Headquarters Library, Room 3334, located at 1301
Constitution Ave., NW., Washington, DC. The EPA/DC Public Reading Room
Hours of operation will be 8:30 a.m. to 4:30 p.m. Eastern Standard Time
(EST), Monday through Friday, excluding legal holidays. The telephone
number for the Public Reading Room is<PHONE_NUMBER>, and the telephone
number for the Office of Air and Radiation Docket is<PHONE_NUMBER>.
The Air and Radiation Docket Information Center's e-mail address is
<EMAIL_ADDRESS>and Web address is: http://www.epa.gov/oar/

docket.html. In addition, we have placed a copy of the rule and a
variety of materials relevant to EAC areas on EPA's Web site at http://www.epa.gov/ttn/naaqs/ozone/eac/
.

FOR FURTHER INFORMATION CONTACT: Ms. Barbara Driscoll, Office of Air
Quality Planning and Standards, U.S. Environmental Protection Agency,
Mail Code C539-04, Research Triangle Park, NC 27711, phone number (919)
541-1051 or by e-mail at<EMAIL_ADDRESS>or Mr. David Cole,
Office of Air Quality Planning and Standards, U.S. Environmental
Protection Agency, Mail Code C304-05, Research Triangle Park, NC 27711,
phone number<PHONE_NUMBER> or by e-mail at<EMAIL_ADDRESS>
SUPPLEMENTARY INFORMATION:

I. General Information

A. Does This Action Apply to Me?

    This action applies only to the Denver EAC area.

B. How Is This Document Organized?

    The information presented in this preamble is organized as follows:

Outline

I. General Information
    A. Does This Action Apply to Me?
    B. How Is This Document Organized?
II. What Is the Purpose of This document?
III. What Action Has EPA Taken to Date for Early Action Compact
Areas?
IV. What Is the Final Action for the Denver Early Action Compact
Area?
V. Statutory and Executive Order Reviews
    A. Executive Order 12866: Regulatory Planning and Review
    B. Paperwork Reduction Act
    C. Regulatory Flexibility Act
    D. Unfunded Mandates Reform Act
    E. Executive Order 13132: Federalism
    F. Executive Order 13175: Consultation and Coordination With
Indian Tribal Governments
    G. Executive Order 13045: Protection of Children From
Environmental Health and Safety Risks
    H. Executive Order 13211: Actions That Significantly Affect
Energy Supply, Distribution, or Use
    I. National Technology Transfer Advancement Act
    J. Executive Order 12898: Federal Actions To Address
Environmental Justice in Minority Populations and Low-Income
Populations
    K. Congressional Review Act
    L. Petitions for Judicial Review

II. What Is the Purpose of This Document?

    The purpose of this document is to issue a short further deferral
of the effective date of the 8-hour ozone nonattainment designation for
the Denver EAC area from September 14, 2007 to November 20, 2007.

III. What Action Has EPA Taken to Date for Early Action Compact Areas?

    For discussions on EPA's actions to date with respect to deferring
the effective date of nonattainment designations for certain areas of
the country that are participating in the EAC program and Denver
specifically please refer to the Federal Register dated June 28, 2007
(72 FR 35356). In addition, EPA's April 30, 2004, air quality
designation rule (69 FR 23858) provides a description of the compact
approach, the requirements for areas participating in the compact and
the impacts of the compact on those areas.
    Since the June 28, 2007, rulemaking, all compact areas submitted
their 6 month progress reports by June 30, 2007 as required. These
reports were reviewed and approved by EPA. You may find copies of all
progress reports at http://www.epa.gov/ttn/naaqs/ozone/eac/index.htm#List
.

IV. What Is the Final Action for the Denver Early Action Compact Area?

    Rocky Mountain Clean Air Action (RMCAA) challenged our action
deferring the effective date of the nonattainment designation of the
Denver EAC area until July 1, 2007. 71 FR 69022 (November 29, 2006).
Rocky Mountain Clean Air Action v. EPA, D.C. Cir. No. 07-1012. We are
currently in settlement discussions with RMCAA. In order to allow the
settlement process to continue, we are taking final action at this time
to issue a short further deferral of the effective date of designation
for Denver until November 20, 2007. By November 20, 2007, EPA will: (i)
Evaluate the 8-hour ozone air quality data for the Denver EAC area from
2005, 2006 and the first three quarters of 2007; and, (ii) if the data
do not indicate a violation of the 8-hour ozone standard, issue a final
rule further extending the deferral of the effective date of the
nonattainment designation until April 15, 2008; and, (iii) if the data
indicate a violation, take no further action and the nonattainment
designation will become effective November 20, 2007.
    We are taking this action pursuant to our March 1, 2007 proposed
rule whereby we proposed to extend the effective date of the
designation until April 15, 2008. We incorporate by reference our
responses to the comments received on that proposal, which were
included in our June 28, 2007 final rule extending the deferral of the
effective date for the Denver EAC area until September 14, 2007.
    This action will be effective September 14, 2007. Because this
action will relieve a restriction by further deferring the effective
date of the nonattainment designation for the Denver EAC area, the
requirement of section 553(d) of the Administrative Procedure Act that
a rule not take effect earlier than 30 days following publication does
not apply.

V. Statutory and Executive Order Reviews

A. Executive Order 12866: Regulatory Planning and Review

    This action is not a ``significant regulatory action'' under the
terms of Executive Order (E.O.) 12866 (58 FR 51735; October 4, 1993)
and is therefore not subject to review under the E.O.

B. Paperwork Reduction Act

    This action does not impose an information collection burden under
the provisions of the Paperwork Reduction Act, 44 U.S.C. 3501 et seq.
This final rule does not require the collection of any information.
    Burden means the total time, effort, or financial resources
expended by persons to generate, maintain, retain, or disclose or
provide information to or for a Federal agency. This includes the time
needed to review instructions; develop, acquire, install, and utilize
technology and systems for the purposes of collecting, validating, and
verifying information, processing and maintaining information, and
disclosing and providing information; adjust the existing ways to
comply with any previously applicable instructions and requirements;
train personnel to be able to respond to a collection of information;
search data sources; complete and review the collection of information;
and transmit or otherwise disclose the information.
    An agency may not conduct or sponsor, and a person is not required
to respond to a collection of information unless it displays a
currently valid Office of Management and Budget (OMB) control number.
The OMB control numbers for EPA's regulations in 40 CFR are listed in
40 CFR part 9.

C. Regulatory Flexibility Act

    The Regulatory Flexibility Act (RFA) generally requires an Agency
to prepare a regulatory flexibility analysis of any rule subject to
notice and comment rulemaking requirements under the Administrative
Procedures Act or any other statute unless the Agency certifies the
rule will not have a significant economic impact on a substantial
number of small entities. Small entities include small businesses,
small organizations, and small governmental jurisdictions.
    For purposes of assessing the impacts of this final rule on small
entities, small entity is defined as: (1) A small business that is a
small industrial entity as defined in the Small Business
Administration's (SBA) regulations at 13 CFR 121.201; (2) a small
governmental jurisdiction that is a government of a city, county, town,
school district or special district with a population of less than
50,000; and (3) a small organization that is any not-for-profit
enterprise which is independently owned and operated and is not
dominant in its field.
    After considering the economic impacts of this final rule on small
entities, I certify that this rule will not have a significant economic
impact on a substantial number of small entities. This final rule will
not impose any requirements on small entities. Rather, this rule would
extend the deferred effective date of the nonattainment designation for
the Denver area to implement control measures and

achieve emissions reductions earlier than otherwise required by the CAA
in order to attain the 8-hour ozone NAAQS.

D. Unfunded Mandates Reform Act

    Title II of the Unfunded Mandates Reform Act of 1995 (UMRA), Public
Law 104-4, establishes requirements for Federal agencies to assess the
effects of their regulatory actions on State, local, and Tribal
governments and the private sector. Under section 202 of the UMRA, EPA
generally must prepare a written statement, including a cost-benefit
analysis, for proposed and final rules with ``Federal mandates'' that
may result in expenditures to State, local, and Tribal governments, in
the aggregate, or to the private sector, of $100 million or more in any
1 year. Before promulgating an EPA rule for which a written statement
is needed, section 205 of the UMRA generally requires EPA to identify
and consider a reasonable number of regulatory alternatives and adopt
the least costly, most cost-effective or least burdensome alternative
that achieves the objectives of the rule. The provisions of section 205
do not apply when they are inconsistent with applicable law. Moreover,
section 205 allows EPA to adopt an alternative other than the least
costly, most cost-effective or least burdensome alternative if the
Administrator publishes with the final rule an explanation why that
alternative was not adopted. Before EPA establishes any regulatory
requirements that may significantly or uniquely affect small
governments, including Tribal governments, it must have developed under
section 203 of the UMRA a small government agency plan. The plan must
provide for notifying potentially affected small governments, enabling
officials of affected small governments to have meaningful and timely
input in the development of EPA regulatory proposals with significant
Federal intergovernmental mandates, and informing, educating, and
advising small governments on compliance with the regulatory
requirements.
    This final rule does not contain a Federal mandate that may result
in expenditures of $100 million or more for State, local, and Tribal
governments, in the aggregate, or the private sector in any 1 year. In
this final rule, EPA is deferring the effective date of nonattainment
designation for the Denver EAC. Thus, this final rulemaking is not
subject to the requirements of sections 202 and 205 of the UMRA.
    EPA has determined that this rule contains no regulatory
requirements that might significantly or uniquely affect small
governments because this rule does not contain Federal mandates.

E. Executive Order 13132: Federalism

    Executive Order 13132, entitled ``Federalism'' (64 FR 43255, August
10, 1999), requires EPA to develop an accountable process to ensure
``meaningful and timely input by State and local officials in the
development of regulatory policies that have federalism implications.''
``Policies that have federalism implications'' is defined in the E.O.
to include regulations that have ``substantial direct effects on the
States, on the relationship between the national government and the
States, or on the distribution of power and responsibilities among the
various levels of government.''
    This final rule does not have federalism implications. It will not
have substantial direct effects on the States, on the relationship
between the national government and the States, or on the distribution
of power and responsibilities among the various levels of government,
as specified in Executive Order 13132. The CAA establishes the scheme
whereby States take the lead in developing plans to meet the NAAQS.
This final rule would not modify the relationship of the States and EPA
for purposes of developing programs to implement the NAAQS. Thus, E.O.
13132 does not apply to this final rule.

F. Executive Order 13175: Consultation and Coordination With Indian
Tribal Governments

    Executive Order 13175, entitled ``Consultation and Coordination
with Indian Tribal Governments'' (65 FR 67249, November 9, 2000),
requires EPA to develop an accountable process to ensure ``meaningful
and timely input by tribal officials in the development of regulatory
policies that have tribal implications.'' This final rule does not have
``Tribal implications'' as specified in E.O. 13175. It does not have a
substantial direct effect on one or more Indian Tribes, since no Tribe
has implemented a CAA program to attain the 8-hour ozone NAAQS at this
time or has participated in a compact.

G. Executive Order 13045: Protection of Children From Environmental
Health and Safety Risks

    Executive Order 13045: ``Protection of Children From Environmental
Health and Safety Risks'' (62 FR 19885, April 23, 1997) applies to any
rule that (1) is determined to be ``economically significant'' as
defined under E.O. 12866, and (2) concerns an environmental health or
safety risk that EPA has reason to believe may have disproportionate
effect on children. If the regulatory action meets both criteria, the
Agency must evaluate the environmental health or safety effects of the
planned rule on children, and explain why the planned regulation is
preferable to other potentially effective and reasonably feasible
alternatives considered by the Agency.
    This final rule is not subject to the Executive Order because it is
not economically significant as defined in Executive Order 12866, and
because the Agency does not have reason to believe the environmental
health or safety risks addressed by this action present a
disproportionate risk to children.

H. Executive Order 13211: Actions That Significantly Affect Energy
Supply, Distribution, or Use

    This final rule is not subject to E.O. 13211, ``Actions Concerning
Regulations That Significantly Affect Energy Supply, Distribution, or
Use'' (66 FR 28355; May 22, 2001 because it is not a significant
regulatory action under E.O. 12866.

I. National Technology Transfer Advancement Act

    Section 12(d) of the National Technology Transfer Advancement Act
of 1995 (NTTAA), Public Law No. 104-113, section 12(d) (15 U.S.C. 272
note) directs EPA to use voluntary consensus standards (VCS) in its
regulatory activities unless to do so would be inconsistent with
applicable law or otherwise impractical. Voluntary consensus standards
are technical standards (e.g., materials specifications, test methods,
sampling procedures, and business practices) that are developed or
adopted by VCS bodies. The NTTAA directs EPA to provide Congress,
through OMB, explanations when the Agency decides not to use available
and applicable VCS.
    This final rule does not involve technical standards. Therefore,
EPA is not considering the use of any VCS. The EPA will encourage
States that have compact areas to consider the use of such standards,
where appropriate, in the development of their SIPs.

J. Executive Order 12898: Federal Actions To Address Environmental
Justice in Minority Populations and Low-Income Populations

    Executive Order 12898 (59 FR 7629; Feb. 16, 1994) establishes
Federal executive policy on environmental justice. Its main provision
directs Federal agencies, to the greatest extent practicable and
permitted by law, to make environmental justice part of their mission
by identifying and addressing,

as appropriate, disproportionately high and adverse human health or
environmental effects of their programs, policies, and activities on
minority populations and low-income populations in the United States.
    The EPA has determined that this final rule will not have
disproportionately high and adverse human health or environmental
effects on minority or low-income populations because it does not
affect the level of protection provided to human health or the
environment. The health and environmental risks associated with ozone
were considered in the establishment of the 8-hour, 0.08 ppm ozone
NAAQS. The level is designed to be protective with an adequate margin
of safety.

K. Congressional Review Act

    The Congressional Review Act, 5 U.S.C. 801 et seq., as added by the
Small Business Regulatory Enforcement Fairness Act of 1996, generally
provides that before a rule may take effect, the agency promulgating
the rule must submit a rule report, which includes a copy of the rule,
to each House of the Congress and to the Comptroller General of the
United States. The EPA will submit a report containing this rule and
other required information to the U.S. Senate, the U.S. House of
Representatives, and the Comptroller General of the United States prior
to publication of the rule in the Federal Register. A major rule cannot
take effect until 60 days after it is published in the Federal
Register. This action is not a ``major rule'' as defined by 5 U.S.C.
804(2). This rule will be effective September 14, 2007.

L. Petitions for Judicial Review

    Under section 307(b)(1) of the CAA, petitions for judicial review
of this action must be filed in the United States Court of Appeals for
the District of Columbia Circuit by November 20, 2007. Filing a
petition for reconsideration by the Administrator of this final rule
does not affect the finality of this rule for the purposes of judicial
review nor does it extend the time within which a petition for judicial
review must be filed, and shall not postpone the effectiveness of such
rule or action. This action may not be challenged later in proceedings
to enforce its requirements. See CAA Section 307(b)(2).

List of Subjects in 40 CFR Part 81

    Environmental protection, Air pollution control.

    Authority: 42 U.S.C. 7408; 42 U.S.C. 7410; 42 U.S.C. 7501-7511f;
42 U.S.C. 7601(a)(1).

    Dated: September 12, 2007.
Stephen L. Johnson,
Administrator.

0
For the reason set out in the preamble, title 40, chapter I of the Code
of Federal Regulations is amended as follows:

PART 81--[AMENDED]

0
1. The authority citation for part 81 continues to read as follows:

    Authority: 42 U.S.C. 7401, et seq.

Subpart C--Section 107 Attainment Status Designations

0
2. Section 81.300 is amended by revising the last sentence in paragraph
(e)(3)(i) to read as follows:

Sec.  81.300  Scope.

* * * * *
    (e) * * *
    (3) * * *
    (i) General. * * * The Administrator shall defer until November 20,
2007 the effective date of a nonattainment designation of the Denver
area.
* * * * *

0
3. In Sec.  81.306, the table entitled ``Colorado-Ozone (8-Hour
Standard)'' is amended by revising footnote 2 to read as follows:

Sec.  81.306  Colorado.

* * * * *

Colorado-Ozone (8-Hour Standard)

* * * * *
     \2\ Early Action Compact Area, effective date deferred until
November 20, 2007.
* * * * *
[FR Doc. E7-18357 Filed 9-20-07; 8:45 am]

BILLING CODE 6560-50-P


[Federal Register Volume 82, Number 125 (Friday, June 30, 2017)]
[Notices]
[Pages 29966-29968]
[FR Doc No: 2017-13706]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-81021; File No. SR-NYSE-2017-17]

Self-Regulatory Organizations; New York Stock Exchange LLC;
Notice of Filing of Proposed Rule Change To Require Listed Companies To
Provide Advance Notice of Dividend Announcements to the Exchange

June 26, 2017.
    Pursuant to Section 19(b)(1) \1\ of the Securities Exchange Act of
1934 (the ``Act''),\2\ and Rule 19b-4 thereunder,\3\ notice is hereby
given that, on June 13, 2017, New York Stock Exchange LLC (``NYSE'' or
the ``Exchange'') filed with the Securities and Exchange Commission
(the ``Commission'') the proposed rule change as described in Items I,
II, and III below, which Items have been prepared by the self-
regulatory organization. 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\ 15 U.S.C. 78a.
    \3\ 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 the NYSE Listed Company Manual (the
``Manual'') to require listed companies to provide notice to the
Exchange at least 10 minutes before making any public announcement with
respect to a dividend or stock distribution in all cases, including
outside of the hours in which the Exchange's immediate release policy
is in operation. The proposed rule change is available on the
Exchange's Web site at www.nyse.com, 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 self-regulatory organization
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 those 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 parts of such statements.

A. Self-Regulatory Organization's Statement of the Purpose of, and the
Statutory Basis for, the Proposed Rule Change

1. Purpose
    The Exchange proposes to amend the Manual to require listed
companies to provide notice to the Exchange at least 10 minutes before
making any public announcement with respect to a dividend or stock
distribution in all cases, including outside of the hours in which the
Exchange's immediate release policy is in operation.
    The Exchange's immediate release policy, set forth in Sections
202.05 and 202.06 of the Manual, already requires companies releasing
material news between 7.00 a.m. ET and the NYSE close (generally 4.00
p.m. ET) to call the Exchange's Market Watch team at least 10 minutes
before issuing their announcement to discuss the content of the
announcement and also email a copy of the proposed announcement to
Market Watch at least 10 minutes before its release. Listed companies
announcing dividends during these hours are required to comply with the
immediate release policy in connection with such announcement.
    Section 204.12 of the Manual requires listed companies to give
prompt notice to the Exchange as to any dividend action or action
relating to a stock distribution in respect of a listed stock
(including the omission or postponement of a dividend action at the
customary time as well as the declaration of a dividend). This notice
must be given at least ten days in advance of the record date and is in
addition to the requirement to publicly disclose the information
pursuant to the immediate release policy. The dividend notice must be
given to the Exchange in accordance with Section 204.00.\4\ Notice must
be given as soon as possible after declaration and in any event, no
later than simultaneously with the announcement to the news media.
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    \4\ Section 204.00 requires that such notice must be provided
via a web portal or email address specified by the Exchange on its
Web site, except in emergency situations, when notification may
instead be provided by telephone and confirmed by facsimile as
specified by the Exchange on its Web site.
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    In addition, Section 204.21 of the Manual requires listed companies
to give prompt notice to the Exchange of the fixing of a date for the
taking of a record of shareholders, or for the closing of transfer
books (in respect of a listed security), for any purpose. The notice
must state the purpose or purposes for which the record date has been
fixed. This notice must be provided to the

Exchange in accordance with Section 204.00.
    The Exchange proposes to amend each of Sections 204.12 and 204.21
to specify that notice of any dividend or stock distribution required
by Section 204.12 must be provided to the Exchange at least 10 minutes
before any public announcement, including when such announcement is
being made outside of Exchange trading hours. The principal effect of
this amendment would be to require listed companies to provide 10
minutes advance notice to the Exchange with respect to a dividend
announcement made at any time, rather than just during the hours of
operation of the immediate release policy as is currently the case.
    The Exchange also proposes to amend Section 202.06(B) to emphasize
the Exchange's consistent interpretation of that rule as requiring
listed companies to comply with the immediate release policy with
respect to all announcements relating to a dividend or stock
distribution.
    The Exchange believes there are significant benefits to requiring
listed companies to provide all announcements of dividends and stock
distributions to the Exchange prior to their public dissemination. In
particular, if the Exchange is provided dividend information prior to
its public availability, Exchange staff will be able to address any
issues that may arise in relation to any announcement of a dividend or
stock distribution. The proposed advance notice requirement would
enable Exchange staff to ensure that a listed company's proposed
dividend schedule complied with applicable Exchange requirements,
including the requirement to provide 10 days advanced notice of the
record date, and that the company's disclosure of the application of
the Exchange's ``ex'-dividend trading policy was accurate. The Exchange
intends to have staff available at all times to review dividend
notifications immediately upon receipt, regardless of what time or day
of the week they are provided. The staff will contact a listed company
immediately if there is a problem with its notification. Addressing
problems with dividend notifications before they are issued publicly
will avoid any confusion in the marketplace resulting from the
dissemination of inaccurate information.
2. Statutory Basis
    The Exchange believes that the proposed rule change is consistent
with Section 6(b) \5\ of the Act, in general, and furthers the
objectives of Section 6(b)(5) of the Act,\6\ in particular in that it
is designed to promote just and equitable principles of trade, to
foster cooperation and coordination with persons engaged in regulating,
clearing, settling, processing information with respect to, and
facilitating transactions in securities, to remove impediments to and
perfect the mechanism of a free and open market and a national market
system, and, in general, to protect investors and the public interest
and is not designed to permit unfair discrimination between customers,
issuers, brokers, or dealers. The proposed amendment is consistent with
the protection of investors and the public interest because it will
ensure that Exchange staff is able to address any rule compliance
problems with a listed company's dividend schedule before it is
publicly announced.
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    \5\ 15 U.S.C. 78f(b).
    \6\ 15 U.S.C. 78f(b)(5).
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B. Self-Regulatory Organization's Statement on Burden on Competition

    The Exchange believes that the proposed rule change is consistent
with Section 6(b) \7\ of the Act, in general, and furthers the
objectives of Section 6(b)(5) of the Act,\8\ in particular in that it
is designed to promote just and equitable principles of trade, to
foster cooperation and coordination with persons engaged in regulating,
clearing, settling, processing information with respect to, and
facilitating transactions in securities, to remove impediments to and
perfect the mechanism of a free and open market and a national market
system, and, in general, to protect investors and the public interest
and is not designed to permit unfair discrimination between customers,
issuers, brokers, or dealers. The proposed amendment is consistent with
the protection of investors and the public interest because it will
ensure that Exchange staff is able to address any rule compliance
problems with a listed company's dividend schedule before it is
publicly announced.
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    \7\ 15 U.S.C. 78f(b).
    \8\ 15 U.S.C. 78f(b)(5).
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C. Self-Regulatory Organization's Statement on Comments on the Proposed
Rule Change Received From Members, Participants, or Others

    No written comments were solicited or received with respect to the
proposed rule change.

III. Date of Effectiveness of the Proposed Rule Change and Timing for
Commission Action

    Within 45 days of the date of publication of this notice in the
Federal Register or up to 90 days (i) as the Commission may designate
if it finds such longer period to be appropriate and publishes its
reasons for so finding or (ii) as to which the self-regulatory
organization consents, the Commission will:
    (A) By order approve or disapprove the proposed rule change, or
    (B) institute proceedings to determine whether the proposed rule
change should be 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

     Use the Commission's Internet comment form (http://www.sec.gov/rules/sro.shtml); or
     Send an email to<EMAIL_ADDRESS>Please include
File Number SR-NYSE-2017-17 on the subject line.

Paper Comments

     Send paper comments in triplicate to Secretary, Securities
and Exchange Commission, 100 F Street NE., Washington, DC 20549-1090.

All submissions should refer to File Number SR-NYSE-2017-17. 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 Web site (http://www.sec.gov/rules/sro.shtml). 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 Web site 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-NYSE-2017-17 and should be
submitted on or before July 21, 2017.

    For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\9\
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    \9\ 17 CFR 200.30-3(a)(12).
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Robert W. Errett,
Deputy Secretary.
[FR Doc. 2017-13706 Filed 6-29-17; 8:45 am]
 BILLING CODE 8011-01-P