80 FR 11254 - Self-Regulatory Organizations; NASDAQ OMX BX, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend the Fee Schedule Under Exchange Rule 7018(a) and (e) With Respect to Transactions in Securities Priced at $1 per Share or More
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 80, Issue 40 (March 2, 2015)
Federal Register Volume 80, Issue 40 (March 2, 2015)
| Page Range | 11254-11256 | |
| FR Document | 2015-04189 |
[Federal Register Volume 80, Number 40 (Monday, March 2, 2015)] [Notices] [Pages 11254-11256] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2015-04189] ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION [Release No. 34-74363; File No. SR-BX-2015-013] Self-Regulatory Organizations; NASDAQ OMX BX, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend the Fee Schedule Under Exchange Rule 7018(a) and (e) With Respect to Transactions in Securities Priced at $1 per Share or More February 24, 2015. 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 11, 2015, NASDAQ OMX BX, Inc. (``BX'' or ``Exchange'') filed with the Securities and Exchange Commission (``SEC'' or ``Commission'') the proposed rule change as described in Items I, II, and III, 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. --------------------------------------------------------------------------- \1\ 15 U.S.C. 78s(b)(1). \2\ 17 CFR 240.19b-4. --------------------------------------------------------------------------- I. Self-Regulatory Organization's Statement of the Terms of Substance of the Proposed Rule Change The Exchange proposes to amend the fee schedule under Exchange Rule 7018 with respect to transactions in securities priced at $1 or more per share. The text of the proposed rule change is also available on the Exchange's Web site at http://nasdaqomxbx.cchwallstreet.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 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. A. Self-Regulatory Organization's Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change 1. Purpose The Exchange is proposing to amend BX Rule 7018(a) and (e) to modify the fees and rebates assessed under the rule applicable to transactions in securities priced at $1 or more. Specifically, the Exchange proposes to clarify and make uniform throughout BX Rule 7018(a) the term ``Midpoint pegging'', as well as in BX Rule 7018(e) regarding credits for retail orders. The Exchange also proposes to include within BX Rule 7018(a) a specific line item for a credit for an ``Order with Midpoint pegging that removes liquidity'' of $0.0005 per share executed. The Exchange believes that these proposed changes increase transparency as to how a member's credit is determined, clarify the fee schedule, and do not change the overall current rate for such credits except for the one minor change noted above.\3\ --------------------------------------------------------------------------- \3\ The addition of the language concerning price improvement to BX Rule 7018 merely reflects how the system for credits and fees already currently operates, which is why this new language does not change the overall current rates for such credits. --------------------------------------------------------------------------- Changing the language for non-displayed orders entered by a member that provides an average daily volume of 3.5 million or more shares (but less than 5 million shares) of non-displayed liquidity to include ``other than orders with Midpoint pegging'' instead of ``including those pegged to the midpoint'' results in no actual change. Currently, a member would never receive the $0.0024 per share executed charge for an order with Midpoint pegging because instead the member would have qualified for the $0.0005 per share executed charge for an order with Midpoint pegging entered by a member that provides an average daily volume of 2 million or more shares of non-displayed liquidity during the month. Additionally, the Exchange proposes to define ``price improvement'' to mean instances when the accepted price of an order differs from the executed price of an order and incorporate it where applicable in BX Rule 7018(a) and (e). The accepted price is the price the matching engine assigns an order based on the instructions submitted by the member. It may differ from a customer's limit price because of the order type (e.g., pegging and post only orders) or for regulatory reasons (e.g., Reg SHO, Reg NMS compliance or other regulatory restrictions). The accepted price of an order will not be more aggressive than the customer's limit price, and is often the same as the customer's submitted limit price. An order can execute up to its accepted price and this is the least advantageous price at which an order can execute. Any execution price that is different than the accepted price must be more advantageous than the accepted price. Thus, executions where the accepted price does not equal the execution price are situations when the order is receiving price improvement versus its accepted price. The Exchange also proposes to change the fee assessed for BTFY and BCRT orders in securities listed on The NASDAQ Stock Market LLC (``NASDAQ'') (``Tape C''), the New York Stock Exchange (``NYSE'') (``Tape A'') and on exchanges other than NASDAQ and the NYSE (``Tape B'') (collectively, the ``Tapes''). BTFY \4\ is a routing option under which orders check the order execution and trade reporting system owned and operated by BX (the ``System'') for available shares only if so instructed by the entering firm and are thereafter routed to destinations on the System routing table. If shares remain unexecuted after routing, they are posted to the System book. Once on the System book, should the order subsequently be locked or crossed by another market center, the System will not route the order to the locking or crossing market center. --------------------------------------------------------------------------- \4\ See BX Rule 4758(a)(v). --------------------------------------------------------------------------- BCRT \5\ is a routing option under which orders check the System and then route to PSX and NASDAQ. If shares remain unexecuted, they are posted to the System book or cancelled. Once on the System book, should the order subsequently be locked or crossed by another market center, the System will not route the order to the locking or crossing market center. --------------------------------------------------------------------------- \5\ See BX Rule 4758(a)(vii). --------------------------------------------------------------------------- For BTFY and BCRT orders, the Exchange currently passes through all fees and rebates for orders that execute on PSX or NASDAQ. BTFY and BCRT orders executed on BX result in a pass through charge of $0.0025 or $0.0026 per share executed on PSX \6\ and $0.0030 per share executed on [[Page 11255]] NASDAQ.\7\ The Exchange is proposing to now assess a set charge of $0.0030 per share executed for BTFY orders that execute on NYSE, NASDAQ or PSX and $0.0007 per share executed for BTFY orders executed on any other venue. The Exchange is also proposing to now assess a set charge of $0.0030 per share executed for BCRT orders that executes on PSX or NASDAQ in lieu of passing through credits and rebates. --------------------------------------------------------------------------- \6\ See NASDAQ OMX PHLX LLC Pricing Schedule, Section VIII(a)(1). \7\ See NASDAQ Rule 7018(a). --------------------------------------------------------------------------- BX is proposing to eliminate pass through fees and assess a set fee of $0.0030 per share executed for both BTFY and BCRT. The Exchange currently passes through any routing fees charged and rebates to NASDAQ or PSX for these orders, which currently is $0.0030 per share executed on NASDAQ and varies by tape on PSX but also may vary based on changes to those exchange's respective fee schedules. 2. Statutory Basis BX believes that the proposed rule change is consistent with the provisions of Section 6 of the Act,\8\ in general, and with Sections 6(b)(4) and 6(b)(5) of the Act,\9\ in particular, in that it provides for the equitable allocation of reasonable dues, fees and other charges among members and issuers and other persons using any facility or system which the Exchange operates or controls, and is designed to prevent fraudulent and manipulative acts and practices, 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 are not designed to permit unfair discrimination between customers, issuers, brokers, or dealers. --------------------------------------------------------------------------- \8\ 15 U.S.C. 78f. \9\ 15 U.S.C. 78f(b)(4) and (5). --------------------------------------------------------------------------- The Exchange believes that the proposed changes (i) to make the term ``Midpoint pegging'' uniform throughout BX Rule 7018(a) and (e), to define ``price improvement' to mean instances when the accepted price of an order differs from the executed price of an order and incorporate it where applicable in BX Rule 7018(a) and (e), (ii) to include within BX Rule 7018(a) a specific line item for a credit for an ``Order with Midpoint pegging that removes liquidity'' of $0.0005 per share executed, and (iii) to change the language for non-displayed orders entered by a member that provides an average daily volume of 3.5 million or more shares (but less than 5 million shares) of non- displayed liquidity to include ``other than orders with Midpoint pegging'' instead of ``including those pegged to the midpoint'' are reasonable because they increase transparency as to how a member's charges and credits are determined. The Exchange also believes that these changes are consistent with an equitable allocation of fees and are not unfairly discriminatory because the overall current rate for such credits will not change except for the one minor change noted above and they apply uniformly to all market participants to whom the fee schedule is applicable. Additionally, the Exchange believes that the proposed changes to the charges assessed for BTFY and BCRT orders in securities of any Tape that execute on PSX are reasonable because they more closely align the fee received with the costs associated with providing routing services. The Exchange incurs costs in operating and supporting the routing function, which are in addition to the fees of other exchanges that it incurs when a routed order executes on another venue. To cover such costs, the Exchange assesses the proposed fee for other routed orders, such as BSTG and BSCN orders, which are assessed a charge of $0.0030 per share executed.\10\ Thus, the current pass through fee results in a discount to the fee assessed for use of the routing function for other routed orders. --------------------------------------------------------------------------- \10\ For a description of BSTG and BSCN routing strategies, see BX Rules 4758(a)(1)(A)(iii) and (iv). --------------------------------------------------------------------------- The Exchange also believes that the proposed changes are reasonable because they remove complexity from the fee schedule and assess a fee that is not dependent on knowing what the current liquidity removal rates are on PSX and NASDAQ. The Exchange believes that the proposed changes to BTFY and BCRT order fees are equitably allocated because all member firms that receive an execution on PSX and NASDAQ will be assessed a fee that is more closely aligned with the costs incurred by the Exchange, as noted above. Also, the Exchange believes that the proposed changes to BTFY and BCRT order fees as to PSX do not discriminate unfairly because they eliminate a distinction in the fees whereby discounted fees are charged for use of the Exchange's routing functionality. Moreover, the proposed changes do not discriminate unfairly because they eliminate a distinction in the routing fees whereby some fees are fixed and others are based on fee assessed by other markets. As noted above, most routing fees are based on a set fee, and are not tied to the fees of other markets. B. Self-Regulatory Organization's Statement on Burden on Competition The Exchange does not believe that the proposed rule changes will result in any burden on competition that is not necessary or appropriate in furtherance of the purposes of the Act, as amended.\11\ BX notes that it operates in a highly competitive market in which market participants can readily favor over 40 different competing exchanges and alternative trading systems if they deem fee levels at a particular venue to be excessive, or rebate opportunities available at other venues to be more favorable. In such an environment, BX must continually adjust its fees to remain competitive with other exchanges. Because competitors are free to modify their own fees in response, and because market participants may readily adjust their order routing practices, BX believes that the degree to which fee changes in this market may impose any burden on competition is extremely limited. --------------------------------------------------------------------------- \11\ 15 U.S.C. 78f(b)(8). --------------------------------------------------------------------------- In this instance, the changes to routing fees and credits do not impose a burden on competition because the Exchange's routing services are optional and are the subject of competition from other exchanges and broker-dealers that offer routing services, as well as the ability of members to develop their own routing capabilities. The standardization of fees for execution of BTFY and BCRT orders that route from BX to PSX or NASDAQ are reflective of a need to better align the fees received with the costs incurred in operating and supporting the routing function. It removes an unnecessarily complex process to determine the fee assessed with a set fee, which is consistent with other BX routing fees. Under the current fees, a member firm must know what the fee schedule is on PSX and NASDAQ at any given time. Thus, the changes will simplify the fee schedule by providing certainty to the fee assessed. For these reasons, the Exchange does not believe that any of the proposed changes will impair the ability of members or competing order execution venues to maintain their competitive standing in the financial markets. Moreover, because there are numerous competitive alternatives to the use of the Exchange, it is likely that BX will lose market share as a result of the changes if they are unattractive to market participants. Finally, the changes relating to Midpoint pegging [[Page 11256]] also will not result in any burden on competition because they serve to clarify and enhance the understanding of members as to how rates are assigned. Accordingly, BX does not believe that the proposed rule changes will impair the ability of members or competing order execution venues to maintain their competitive standing in the financial markets. 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 The foregoing change has become effective pursuant to Section 19(b)(3)(A) of the Act \12\ and paragraph (f) of Rule 19b-4 \13\ thereunder. 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. --------------------------------------------------------------------------- \12\ 15 U.S.C. 78s(b)(3)(A). \13\ 17 CFR 240.19b-4(f). --------------------------------------------------------------------------- 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 CommentsUse the Commission's Internet comment form (http://www.sec.gov/rules/sro.shtml); or Send an email to [email protected]. Please include File Number SR-BX-2015-013 on the subject line. Paper Comments Send paper comments in triplicate to Brent J. Fields, Secretary, Securities and Exchange Commission, 100 F Street NE., Washington, DC 20549-1090. All submissions should refer to File Number SR-BX-2015-013. 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 such 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-BX- 2015-013, and should be submitted on or before March 23, 2015. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.\14\ Jill M. Peterson, Assistant Secretary. --------------------------------------------------------------------------- \14\ 17 CFR 200.30-3(a)(12). --------------------------------------------------------------------------- [FR Doc. 2015-04189 Filed 2-27-15; 8:45 am] BILLING CODE 8011-01-P
![11254 Federal Register / Vol. 80, No. 40 / Monday, March 2, 2015 / Notices
2015–01 and should be submitted on or proposed rule change. The text of these member. It may differ from a customer’s
before March 23, 2015. statements may be examined at the limit price because of the order type
For the Commission, by the Division of places specified in Item IV below. The (e.g., pegging and post only orders) or
Trading and Markets, pursuant to delegated Exchange has prepared summaries, set for regulatory reasons (e.g., Reg SHO,
authority.22 forth in sections A, B, and C below, of Reg NMS compliance or other
Jill M. Peterson, the most significant aspects of such regulatory restrictions). The accepted
Assistant Secretary. statements. price of an order will not be more
[FR Doc. 2015–04181 Filed 2–27–15; 8:45 am] A. Self-Regulatory Organization’s aggressive than the customer’s limit
BILLING CODE 8011–01–P Statement of the Purpose of, and price, and is often the same as the
Statutory Basis for, the Proposed Rule customer’s submitted limit price. An
Change order can execute up to its accepted
SECURITIES AND EXCHANGE price and this is the least advantageous
COMMISSION 1. Purpose price at which an order can execute.
The Exchange is proposing to amend Any execution price that is different
[Release No. 34–74363; File No. SR–BX– than the accepted price must be more
2015–013] BX Rule 7018(a) and (e) to modify the
fees and rebates assessed under the rule advantageous than the accepted price.
Self-Regulatory Organizations; applicable to transactions in securities Thus, executions where the accepted
NASDAQ OMX BX, Inc.; Notice of Filing priced at $1 or more. Specifically, the price does not equal the execution price
and Immediate Effectiveness of Exchange proposes to clarify and make are situations when the order is
Proposed Rule Change To Amend the uniform throughout BX Rule 7018(a) the receiving price improvement versus its
Fee Schedule Under Exchange Rule term ‘‘Midpoint pegging’’, as well as in accepted price.
7018(a) and (e) With Respect to BX Rule 7018(e) regarding credits for The Exchange also proposes to change
Transactions in Securities Priced at $1 retail orders. The Exchange also the fee assessed for BTFY and BCRT
per Share or More proposes to include within BX Rule orders in securities listed on The
7018(a) a specific line item for a credit NASDAQ Stock Market LLC
February 24, 2015. for an ‘‘Order with Midpoint pegging (‘‘NASDAQ’’) (‘‘Tape C’’), the New York
Pursuant to Section 19(b)(1) of the that removes liquidity’’ of $0.0005 per Stock Exchange (‘‘NYSE’’) (‘‘Tape A’’)
Securities Exchange Act of 1934 share executed. The Exchange believes and on exchanges other than NASDAQ
(‘‘Act’’),1 and Rule 19b–4 thereunder,2 that these proposed changes increase and the NYSE (‘‘Tape B’’) (collectively,
notice is hereby given that on February transparency as to how a member’s the ‘‘Tapes’’).
11, 2015, NASDAQ OMX BX, Inc. (‘‘BX’’ credit is determined, clarify the fee BTFY 4 is a routing option under
or ‘‘Exchange’’) filed with the Securities schedule, and do not change the overall which orders check the order execution
and Exchange Commission (‘‘SEC’’ or current rate for such credits except for and trade reporting system owned and
‘‘Commission’’) the proposed rule the one minor change noted above.3 operated by BX (the ‘‘System’’) for
change as described in Items I, II, and Changing the language for non- available shares only if so instructed by
III, below, which Items have been displayed orders entered by a member the entering firm and are thereafter
prepared by the Exchange. The that provides an average daily volume of routed to destinations on the System
Commission is publishing this notice to 3.5 million or more shares (but less than routing table. If shares remain
solicit comments on the proposed rule 5 million shares) of non-displayed unexecuted after routing, they are
change from interested persons. liquidity to include ‘‘other than orders posted to the System book. Once on the
I. Self-Regulatory Organization’s with Midpoint pegging’’ instead of System book, should the order
Statement of the Terms of Substance of ‘‘including those pegged to the subsequently be locked or crossed by
the Proposed Rule Change midpoint’’ results in no actual change. another market center, the System will
Currently, a member would never not route the order to the locking or
The Exchange proposes to amend the receive the $0.0024 per share executed crossing market center.
fee schedule under Exchange Rule 7018 charge for an order with Midpoint
with respect to transactions in securities BCRT 5 is a routing option under
pegging because instead the member which orders check the System and then
priced at $1 or more per share. would have qualified for the $0.0005
The text of the proposed rule change route to PSX and NASDAQ. If shares
per share executed charge for an order remain unexecuted, they are posted to
is also available on the Exchange’s Web
with Midpoint pegging entered by a the System book or cancelled. Once on
site at http://
member that provides an average daily the System book, should the order
nasdaqomxbx.cchwallstreet.com, at the
volume of 2 million or more shares of subsequently be locked or crossed by
principal office of the Exchange, and at
non-displayed liquidity during the another market center, the System will
the Commission’s Public Reference
month. not route the order to the locking or
Room. Additionally, the Exchange proposes crossing market center.
II. Self-Regulatory Organization’s to define ‘‘price improvement’’ to mean
For BTFY and BCRT orders, the
Statement of the Purpose of, and instances when the accepted price of an
Exchange currently passes through all
Statutory Basis for, the Proposed Rule order differs from the executed price of
fees and rebates for orders that execute
Change an order and incorporate it where
on PSX or NASDAQ. BTFY and BCRT
applicable in BX Rule 7018(a) and (e).
asabaliauskas on DSK5VPTVN1PROD with NOTICES
In its filing with the Commission, the orders executed on BX result in a pass
Exchange included statements The accepted price is the price the
through charge of $0.0025 or $0.0026
concerning the purpose of and basis for matching engine assigns an order based
per share executed on PSX 6 and
the proposed rule change and discussed on the instructions submitted by the
$0.0030 per share executed on
any comments it received on the 3 The addition of the language concerning price
4 See BX Rule 4758(a)(v).
improvement to BX Rule 7018 merely reflects how
22 17 CFR 200.30–3(a)(12). 5 See
the system for credits and fees already currently BX Rule 4758(a)(vii).
1 15 U.S.C. 78s(b)(1).
operates, which is why this new language does not 6 See NASDAQ OMX PHLX LLC Pricing
2 17 CFR 240.19b–4. change the overall current rates for such credits. Schedule, Section VIII(a)(1).
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![11256 Federal Register / Vol. 80, No. 40 / Monday, March 2, 2015 / Notices
also will not result in any burden on Copies of the submission, all subsequent Business Center Drive, Reston, VA
competition because they serve to amendments, all written statements 20190.
clarify and enhance the understanding with respect to the proposed rule
FOR FURTHER INFORMATION CONTACT: For
of members as to how rates are assigned. change that are filed with the
information relating to the Instrument
Accordingly, BX does not believe that Commission, and all written
Procedures Group, contact Thomas E.
the proposed rule changes will impair communications relating to the
Schneider, FAA, Flight Procedures
the ability of members or competing proposed rule change between the
Standards Branch, AFS–420, 6500
order execution venues to maintain Commission and any person, other than
South MacArthur Blvd., P.O. Box 25082,
their competitive standing in the those that may be withheld from the
Oklahoma City, OK 73125; telephone:
financial markets. public in accordance with the
(405) 954–5852.
provisions of 5 U.S.C. 552, will be
C. Self-Regulatory Organization’s For information relating to the
available for Web site viewing and
Statement on Comments on the Charting Group, contact Valerie S.
printing in the Commission’s Public
Proposed Rule Change Received From Watson, FAA, National Aeronautical
Reference Room, 100 F Street NE.,
Members, Participants, or Others Navigation Products (AeroNav
Washington, DC 20549, on official
No written comments were either business days between the hours of Products), Quality Assurance &
solicited or received. 10:00 a.m. and 3:00 p.m. Copies of such Standards, AJV–344, 1305 East-West
filing also will be available for Highway, SSMC4, Station 3409, Silver
III. Date of Effectiveness of the Spring, MD 20910; telephone: (301)
Proposed Rule Change and Timing for inspection and copying at the principal
office of the Exchange. All comments 427–5155.
Commission Action
received will be posted without change; SUPPLEMENTARY INFORMATION: Pursuant
The foregoing change has become the Commission does not edit personal to § 10(a)(2) of the Federal Advisory
effective pursuant to Section 19(b)(3)(A) identifying information from Committee Act (Pub. L. 92–463; 5 U.S.C.
of the Act 12 and paragraph (f) of Rule submissions. You should submit only App. II), notice is hereby given of a
19b–4 13 thereunder. At any time within information that you wish to make meeting of the FAA Aeronautical
60 days of the filing of the proposed rule available publicly. All submissions Charting Forum to be held from April 28
change, the Commission summarily may should refer to File Number SR–BX– through April 30, 2015, from 8:30 a.m.
temporarily suspend such rule change if 2015–013, and should be submitted on to 5:00 p.m. at Pragmatics Inc.
it appears to the Commission that such or before March 23, 2015. Company, at their offices at 1761
action is necessary or appropriate in the Business Center Drive, Reston, VA
public interest, for the protection of For the Commission, by the Division of 20190.
investors, or otherwise in furtherance of Trading and Markets, pursuant to delegated
authority.14 The Instrument Procedures Group
the purposes of the Act. agenda will include briefings and
Jill M. Peterson,
IV. Solicitation of Comments discussions on recommendations
Assistant Secretary.
regarding pilot procedures for
Interested persons are invited to [FR Doc. 2015–04189 Filed 2–27–15; 8:45 am]
instrument flight, as well as criteria,
submit written data, views, and BILLING CODE 8011–01–P design, and developmental policy for
arguments concerning the foregoing,
instrument approach and departure
including whether the proposed rule
procedures.
change is consistent with the Act. DEPARTMENT OF TRANSPORTATION
Comments may be submitted by any of The Charting Group agenda will
the following methods: include briefings and discussions on
Federal Aviation Administration
recommendations regarding
Electronic Comments Government/Industry Aeronautical aeronautical charting specifications,
• Use the Commission’s Internet Charting Forum Meeting flight information products, and new
comment form (http://www.sec.gov/ aeronautical charting and air traffic
rules/sro.shtml); or AGENCY: Federal Aviation control initiatives. Attendance is open
• Send an email to rule-comments@ Administration (FAA), DOT. to the interested public, but will be
sec.gov. Please include File Number SR– ACTION: Notice of public meeting. limited to the space available.
BX–2015–013 on the subject line. Please note the following special
SUMMARY: This notice announces the bi- security requirements for access to the
Paper Comments annual meeting of the Federal Aviation Pragmatics, Inc. Corporation
• Send paper comments in triplicate Administration (FAA) Aeronautical Headquarters. A picture I.D. is required
to Brent J. Fields, Secretary, Securities Charting Forum (ACF) to discuss of all U.S. citizens. All foreign national
and Exchange Commission, 100 F Street informational content and design of participants are required to have a
NE., Washington, DC 20549–1090. aeronautical charts and related passport. Additionally, not later than
products, as well as instrument flight March 30, 2015, foreign national
All submissions should refer to File
procedures development policy and attendees must provide their name,
Number SR–BX–2015–013. This file
design criteria. country of citizenship, company/
number should be included on the
subject line if email is used. DATES: The ACF is separated into two organization representing, and country
distinct groups. The Instrument of the company/organization. Send the
asabaliauskas on DSK5VPTVN1PROD with NOTICES
To help the Commission process and
review your comments more efficiently, Procedures Group (IPG) will meet April information to: Steve VanCamp,
please use only one method. The 28, 2015 from 8:30 a.m. to 5:00 p.m. The Pragmatics Inc., FAA, Aviation Safety—
Commission will post all comments on Charting Group will meet April 29 and Flight Standards Service, AFS–420,
the Commission’s Internet Web site 30, 2015 from 8:30 a.m. to 5:00 p.m. 6500 South MacArthur Blvd., P.O. Box
(http://www.sec.gov/rules/sro.shtml). ADDRESSES: The meeting will be hosted 25082, Oklahoma City, OK, 73125 or via
by Pragmatics, Inc. Company at 1761 Email (preferred) to: steve.ctr.vancamp@
12 15 U.S.C. 78s(b)(3)(A). faa.gov. Foreign nationals who do not
13 17 CFR 240.19b–4(f). 14 17 CFR 200.30–3(a)(12). provide the required information will
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Document Created: 2015-12-18 12:07:07
Document Modified: 2015-12-18 12:07:07
| Category | Regulatory Information | |
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| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
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| FR Citation | 80 FR 11254 |
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