80 FR 13932 - Self-Regulatory Organizations; BOX Options Exchange LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change Regarding the Transfer of Ownership Interest in the Exchange
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 80, Issue 51 (March 17, 2015)
Federal Register Volume 80, Issue 51 (March 17, 2015)
| Page Range | 13932-13934 | |
| FR Document | 2015-06020 |
[Federal Register Volume 80, Number 51 (Tuesday, March 17, 2015)] [Notices] [Pages 13932-13934] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2015-06020] ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION [Release No. 34-74477; File No. SR-BOX-2015-14] Self-Regulatory Organizations; BOX Options Exchange LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change Regarding the Transfer of Ownership Interest in the Exchange March 11, 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 26, 2015, BOX Options Exchange LLC (the ``Exchange'') filed with the Securities and Exchange Commission (``Commission'') the proposed rule change as described in Items I and II below, which Items have been prepared by the self-regulatory organization. The Commission is publishing this notice to solicit comments on the proposed rule 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 repurchase the ownership interest in the Exchange held by Strategic Investments II Inc. (``SI'') and BOX Holdings Group LLC, an affiliate of the Exchange (``BOX Holdings''), proposes to repurchase the ownership interest in BOX Holdings held by SI. The text of the proposed rule change is available from the principal office of the Exchange, at the Commission's Public Reference Room and also on the Exchange's Internet Web site at http://boxexchange.com. 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 these statements may be examined at the places specified in Item IV below. The self-regulatory organization 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 a limited liability company, organized under the laws of the State of Delaware on August 26, 2010. The Exchange's charter is a Limited Liability Company Agreement, dated as of May 10, 2012 (the ``Exchange LLC Agreement''). SI became a Member of the Exchange on May 10, 2012. BOX Holdings is a limited liability company, organized under the laws of the State of Delaware on August 26, 2010. BOX Holdings is the sole owner of BOX Market LLC, a facility of the Exchange (``BOX Market''). The BOX Holdings charter is a Limited Liability Company Agreement, dated as of May 10, 2012 (the ``Holdings LLC Agreement''). SI became a Member of BOX Holdings on May 10, 2012. 6,445 Economic Units and 4,990 Voting Units represent SI's ownership interest in the Exchange, comprising 6.455% of all outstanding interests and 4.99% of all outstanding voting interests of the Exchange, respectively (the ``Exchange Units''). 500 Class A Units represent SI's ownership interest in BOX Holdings, comprising 4.203% of all outstanding ownership interests of BOX Holdings (the ``Holdings Units'' and, together with the Exchange Units, the ``SI Units''). Each of the Exchange and BOX Holdings has agreed with SI to purchase the SI Units. Accordingly, it is proposed that SI transfer all of the Exchange Units to the Exchange and all of the Holdings Units to BOX Holdings (the ``Transfer''). After the Transfer, the SI Units will no longer be outstanding, references to SI in each of the Exchange LLC Agreement and the Holdings LLC Agreement will be removed, and SI will have no remaining rights under the Exchange LLC Agreement or the Holdings LLC Agreement. As provided in Section 7.3(f) of the Exchange LLC Agreement, ``no Person, alone or together with any Related Persons, shall own, directly or indirectly, of record or beneficially, an aggregate Economic Percentage Interest greater than 40% (or 20% if such Person is a BOX Options Participant) (the ``Economic Ownership Limit'').'' Accordingly, because the total number of outstanding Economic Units of the Exchange are reduced in the Transfer, outstanding Economic Units held by any remaining Members of the Exchange will be cancelled to the extent necessary to ensure compliance with the Economic Ownership Limit. [[Page 13933]] As provided in Section 7.3(g) of the Exchange LLC Agreement, ``no Person, alone or together with any Related Persons, shall own, directly or indirectly, of record or beneficially, an aggregate Voting Percentage Interest of greater than 20% (the ``Voting Ownership Limit'').'' Further, Section 7.3(g) of the Exchange LLC Agreement provides that, upon any change in economic ownership, the number of Voting Units held by each Member of the Exchange shall be adjusted to maintain compliance with the Voting Ownership Limit. Accordingly, because the number of Economic Units held by Members of the Exchange are reduced in the Transfer, the number of outstanding Voting Units of the Exchange, and the number of Voting Units held by each of the remaining Members of the Exchange, will be adjusted to the extent necessary to ensure compliance with the Economic Ownership Limit. As discussed above, all ownership limits relating to the Exchange will continue to be strictly respected. The Transfer will not result in any Member of the Exchange exceeding its applicable Economic Ownership Percentage or Voting Ownership Percentage (collectively, its ``Ownership Percentages''). Prior to the Transfer, some Members of the Exchange already held the maximum Ownership Percentages allowed under the Exchange LLC Agreement. The Ownership Percentages held by these Members will remain completely unchanged after giving effect to the Transfer. For other Members of the Exchange, adjustments to Ownership Percentages resulting from the Transfer will be insubstantial, such that no Member of the Exchange will have its Ownership Percentage adjusted by more than 2.2% of the Exchange's ownership. After giving effect to the Transfer, no Member will hold more than 40% Economic Ownership Percentage, no Participant will hold more than 20% Economic Ownership Percentage, and no Member will hold more than 20% Voting Ownership Percentage in the Exchange. The Board of Directors of the Exchange will remain unaffected by the Transfer. The makeup of the Board will still be comprised of a majority of Directors that are Non-industry Directors, at least 20% that are Participant Directors and one (1) Director that is also an officer or director of BOX Holdings.\3\ --------------------------------------------------------------------------- \3\ See Sec. 4.02 of the BOX Options Exchange LLC Bylaws. --------------------------------------------------------------------------- Further, Section 7.4(f) of the Holdings LLC Agreement provides that a rule filing pursuant to Section 19 of the Exchange Act is required with respect to certain transactions that result in the acquisition and holding by a person of an aggregate ownership interest in BOX Holdings which meets or crosses the threshold level of 20% or any successive 5% level. Although MX US 2, Inc., a wholly-owned subsidiary of TMX Group Limited (``MXUS2''), is not acquiring any additional ownership Units of BOX Holdings in the Transfer, the reduction of the total number of outstanding ownership Units of BOX Holdings in the Transfer will result in a corresponding increase in the ownership interest held by MXUS2 from 53.83% to 56.19% and thereby crossing a 5% level of fifty-five percent. This change in MXUS2's ownership percentage by less than 2.4% of the overall ownership of BOX Holdings is insubstantial and will not materially alter the ownership or voting power of MXUS2 in BOX Holdings. Even though the MXUS2's ownership percentage will experience this small increase, no additional power or control will accrue to MXUS2 as a result. For example, as the current holder of a majority of the outstanding ownership interests in BOX Holdings, MXUS2 has the ability to control any vote of the Members or the Board of Directors of BOX Holdings that requires a simple majority vote. After giving effect to the Transfer, MXUS2 will still control such votes. Further, MXUS2 currently has the power to appoint up to five (5) representatives to the BOX Holdings Board of Directors. After giving effect to the Transfer, MXUS2 will still have the power to appoint the same number of Directors of BOX Holdings. As a 56.19% owner, MXUS2 would have no additional voting or veto rights and no other ability to exercise power over the operations of BOX Holdings or its subsidiary, BOX Market. No other Member of BOX Holdings will have its ownership percentage in BOX Holdings adjusted by more than 0.9% of the total BOX Holdings ownership as a result of the Transfer. The consideration paid to SI by BOX Holdings and the Exchange in connection with the Transfer was paid almost entirely by BOX Holdings with only a de minimis amount paid by the Exchange. The Exchange continues to reserve sufficient assets to operate and fulfill its regulatory responsibilities with respect to itself and the BOX Market. The Exchange Board of Directors remains committed to ensuring the Exchange is sufficiently capitalized to meet its obligations. The Exchange and BOX Market continue to be subject to a written agreement which provides that the Exchange receives and retains all assets deemed to be necessary for regulatory purposes by the Exchange. Accordingly, payments made to consummate the Transfer will not have any negative effect on the Exchange's ability to carry out its duties and obligations as an SRO. 2. Statutory Basis The Exchange believes that the proposal is consistent with the requirements of Section 6(b) of the Act, in general, and furthers the objectives of Section 6(b)(1), in particular, in that it enables the Exchange to be so organized so as to have the capacity to be able to carry out the purposes of the Act and to comply, and to enforce compliance by its exchange members and persons associated with its exchange members, with the provisions of the Act, the rules and regulations thereunder, and the rules of the Exchange. The Exchange also believes that this filing furthers the objectives of Section 6(b)(5) of the Act in that it is designed to facilitate transactions in securities, 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. 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. C. Self-Regulatory Organization's Statement on Comments on the Proposed Rule Change Received From Members, Participants, or Others The Exchange has neither solicited nor received comments on the proposed rule change. III. Date of Effectiveness of the Proposed Rule Change and Timing for Commission Action The Exchange has filed the proposed rule change pursuant to Section 19(b)(3)(A)(iii) of the Act \4\ and Rule 19b-4(f)(6) thereunder.\5\ Because the proposed rule change does not: (i) Significantly affect the protection of [[Page 13934]] 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, the proposed rule change has become effective pursuant to Section 19(b)(3)(A) of the Act and Rule 19b-4(f)(6) thereunder.\6\ --------------------------------------------------------------------------- \4\ 15 U.S.C. 78s(b)(3)(A)(iii). \5\ 17 CFR 240.19b-4(f)(6). \6\ In addition, Rule 19b-4(f)(6)(iii) requires the Exchange to give the Commission written notice of the Exchange's intent to file the proposed rule change, along with a brief description and text of 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 Commission has waived the 5-day prefiling requirement in this case. --------------------------------------------------------------------------- A proposed rule change filed under Rule 19b-4(f)(6) normally does not become operative for 30 days after the date of filing. However, Rule 19b-4(f)(6)(iii) permits the Commission to designate a shorter time if such action is consistent with the protection of investors and the public interest. The Exchange has asked the Commission to waive the 30-day operative delay because the Transfer is intended to be completed in less than 30 days. The Commission believes that an earlier operative date will ensure that the filing is effective prior to the intended completion of the Transfer in less than 30 days. Based on the foregoing, the Commission believes that waiving the 30-day operative delay is consistent with the protection of investors and the public interest.\7\ The Commission hereby grants the Exchange's request and designates the proposal operative upon filing. --------------------------------------------------------------------------- \7\ For purposes only of waiving the 30-day operative delay, the Commission has also considered the proposed rule's impact on efficiency, competition, and capital formation. See 15 U.S.C. 78c(f). --------------------------------------------------------------------------- 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 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-SR-BOX-2015-14 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-BOX-2015-14. 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-BOX-2015-14 and should be submitted on or before April 7, 2015. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.\8\ --------------------------------------------------------------------------- \8\ 17 CFR 200.30-3(a)(12). --------------------------------------------------------------------------- Brent J. Fields, Secretary. [FR Doc. 2015-06020 Filed 3-16-15; 8:45 am] BILLING CODE 8011-01-P
![13932 Federal Register / Vol. 80, No. 51 / Tuesday, March 17, 2015 / Notices
• Send an email to rule-comments@ SECURITIES AND EXCHANGE A. Self-Regulatory Organization’s
sec.gov. Please include File Number SR– COMMISSION Statement of the Purpose of, and
BOX–2015–15 on the subject line. Statutory Basis for, the Proposed Rule
[Release No. 34–74477; File No. SR–BOX– Change
Paper Comments
2015–14] 1. Purpose
• Send paper comments in triplicate The Exchange is a limited liability
to Brent J. Fields, Secretary, Securities Self-Regulatory Organizations; BOX
company, organized under the laws of
and Exchange Commission, 100 F Street Options Exchange LLC; Notice of
the State of Delaware on August 26,
NE., Washington, DC 20549–1090. Filing and Immediate Effectiveness of 2010. The Exchange’s charter is a
a Proposed Rule Change Regarding Limited Liability Company Agreement,
All submissions should refer to File the Transfer of Ownership Interest in
Number SR–BOX–2015–15. This file dated as of May 10, 2012 (the ‘‘Exchange
the Exchange LLC Agreement’’). SI became a Member
number should be included on the
subject line if email is used. To help the March 11, 2015.
of the Exchange on May 10, 2012.
BOX Holdings is a limited liability
Commission process and review your Pursuant to Section 19(b)(1) of the company, organized under the laws of
comments more efficiently, please use Securities Exchange Act of 1934 the State of Delaware on August 26,
only one method. The Commission will (‘‘Act’’),1 and Rule 19b–4 thereunder,2 2010. BOX Holdings is the sole owner
post all comments on the Commission’s notice is hereby given that on February of BOX Market LLC, a facility of the
Internet Web site (http://www.sec.gov/ 26, 2015, BOX Options Exchange LLC Exchange (‘‘BOX Market’’). The BOX
rules/sro.shtml). Copies of the (the ‘‘Exchange’’) filed with the Holdings charter is a Limited Liability
submission, all subsequent Securities and Exchange Commission Company Agreement, dated as of May
amendments, all written statements (‘‘Commission’’) the proposed rule 10, 2012 (the ‘‘Holdings LLC
with respect to the proposed rule change as described in Items I and II Agreement’’). SI became a Member of
change that are filed with the below, which Items have been prepared BOX Holdings on May 10, 2012. 6,445
Commission, and all written by the self-regulatory organization. The Economic Units and 4,990 Voting Units
communications relating to the represent SI’s ownership interest in the
Commission is publishing this notice to
proposed rule change between the Exchange, comprising 6.455% of all
solicit comments on the proposed rule
Commission and any person, other than outstanding interests and 4.99% of all
from interested persons. outstanding voting interests of the
those that may be withheld from the
public in accordance with the I. Self-Regulatory Organization’s Exchange, respectively (the ‘‘Exchange
provisions of 5 U.S.C. 552, will be Statement of the Terms of Substance of Units’’). 500 Class A Units represent SI’s
available for Web site viewing and the Proposed Rule Change ownership interest in BOX Holdings,
comprising 4.203% of all outstanding
printing in the Commission’s Public
The Exchange proposes to repurchase ownership interests of BOX Holdings
Reference Room, 100 F Street NE.,
the ownership interest in the Exchange (the ‘‘Holdings Units’’ and, together
Washington, DC 20549 on official with the Exchange Units, the ‘‘SI
held by Strategic Investments II Inc.
business days between the hours of Units’’).
(‘‘SI’’) and BOX Holdings Group LLC, an
10:00 a.m. and 3:00 p.m. Copies of such Each of the Exchange and BOX
affiliate of the Exchange (‘‘BOX
filing also will be available for Holdings has agreed with SI to purchase
Holdings’’), proposes to repurchase the
inspection and copying at the principal the SI Units. Accordingly, it is proposed
ownership interest in BOX Holdings
office of the Exchange. All comments that SI transfer all of the Exchange Units
held by SI. The text of the proposed rule
received will be posted without change; to the Exchange and all of the Holdings
change is available from the principal
the Commission does not edit personal Units to BOX Holdings (the ‘‘Transfer’’).
office of the Exchange, at the
identifying information from After the Transfer, the SI Units will no
Commission’s Public Reference Room longer be outstanding, references to SI
submissions. You should submit only
and also on the Exchange’s Internet Web in each of the Exchange LLC Agreement
information that you wish to make
site at http://boxexchange.com. and the Holdings LLC Agreement will
available publicly. All submissions
should refer to File Number SR–BOX– II. Self-Regulatory Organization’s be removed, and SI will have no
2015–15, and should be submitted on or Statement of the Purpose of, and remaining rights under the Exchange
before April 7, 2015. Statutory Basis for, the Proposed Rule LLC Agreement or the Holdings LLC
Change Agreement.
For the Commission, by the Division of As provided in Section 7.3(f) of the
Trading and Markets, pursuant to delegated Exchange LLC Agreement, ‘‘no Person,
In its filing with the Commission, the
authority.10 alone or together with any Related
self-regulatory organization included
Brent J. Fields, statements concerning the purpose of, Persons, shall own, directly or
Secretary. and basis for, the proposed rule change indirectly, of record or beneficially, an
[FR Doc. 2015–06017 Filed 3–16–15; 8:45 am] and discussed any comments it received aggregate Economic Percentage Interest
BILLING CODE 8011–01–P on the proposed rule change. The text greater than 40% (or 20% if such Person
of these statements may be examined at is a BOX Options Participant) (the
the places specified in Item IV below. ‘‘Economic Ownership Limit’’).’’
mstockstill on DSK4VPTVN1PROD with NOTICES
Accordingly, because the total number
The self-regulatory organization has
of outstanding Economic Units of the
prepared summaries, set forth in
Exchange are reduced in the Transfer,
Sections A, B, and C below, of the most
outstanding Economic Units held by
significant aspects of such statements. any remaining Members of the Exchange
will be cancelled to the extent necessary
1 15 U.S.C. 78s(b)(1). to ensure compliance with the
10 17 CFR 200.30–3(a)(12). 2 17 CFR 240.19b–4. Economic Ownership Limit.
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![13934 Federal Register / Vol. 80, No. 51 / Tuesday, March 17, 2015 / Notices
investors or the public interest; (ii) Electronic Comments SECURITIES AND EXCHANGE
impose any significant burden on COMMISSION
competition; and (iii) become operative • Use the Commission’s Internet
comment form (http://www.sec.gov/ [Release No. 34–74483; File No. SR–CFE–
for 30 days from the date on which it 2015–002]
was filed, or such shorter time as the rules/sro.shtml); or
Commission may designate, the • Send an email to rule-comments@ Self-Regulatory Organizations; CBOE
proposed rule change has become sec.gov. Please include File Number SR– Futures Exchange, LLC; Notice of
effective pursuant to Section 19(b)(3)(A) SR–BOX–2015–14 on the subject line. Filing and Immediate Effectiveness of
of the Act and Rule 19b–4(f)(6) a Proposed Rule Change Regarding
thereunder.6 Paper Comments Exchange of Contract for Related
A proposed rule change filed under Position Transactions and Block
• Send paper comments in triplicate
Rule 19b–4(f)(6) normally does not Trades
become operative for 30 days after the to Secretary, Securities and Exchange
date of filing. However, Rule 19b– Commission, 100 F Street NE., March 11, 2015.
4(f)(6)(iii) permits the Commission to Washington, DC 20549–1090. Pursuant to Section 19(b)(7) of the
designate a shorter time if such action All submissions should refer to File Securities Exchange Act of 1934
is consistent with the protection of Number SR–BOX–2015–14. This file (‘‘Act’’),1 notice is hereby given that on
investors and the public interest. The February 25, 2015 CBOE Futures
number should be included on the
Exchange has asked the Commission to Exchange, LLC (‘‘CFE’’ or ‘‘Exchange’’)
subject line if email is used. To help the
waive the 30-day operative delay filed with the Securities and Exchange
Commission process and review your Commission (‘‘SEC’’ or ‘‘Commission’’)
because the Transfer is intended to be comments more efficiently, please use
completed in less than 30 days. The the proposed rule change described in
only one method. The Commission will Items I, II, and III below, which Items
Commission believes that an earlier
post all comments on the Commission’s have been prepared by CFE. The
operative date will ensure that the filing
Internet Web site (http://www.sec.gov/ Commission is publishing this notice to
is effective prior to the intended
completion of the Transfer in less than rules/sro.shtml). Copies of the solicit comments on the proposed rule
30 days. Based on the foregoing, the submission, all subsequent change from interested persons. CFE
Commission believes that waiving the amendments, all written statements also has filed this proposed rule change
30-day operative delay is consistent with respect to the proposed rule with the Commodity Futures Trading
with the protection of investors and the change that are filed with the Commission (‘‘CFTC’’). CFE filed a
public interest.7 The Commission Commission, and all written written certification with the CFTC
hereby grants the Exchange’s request communications relating to the under Section 5c(c) of the Commodity
and designates the proposal operative proposed rule change between the Exchange Act (‘‘CEA’’)2 on February 25,
upon filing. Commission and any person, other than 2015.
At any time within 60 days of the those that may be withheld from the I. Self-Regulatory Organization’s
filing of the proposed rule change, the public in accordance with the Description of the Proposed Rule
Commission summarily may provisions of 5 U.S.C. 552, will be Change
temporarily suspend such rule change if available for Web site viewing and
it appears to the Commission that such The Exchange proposes to amend its
printing in the Commission’s Public
action is necessary or appropriate in the rules related to Exchange of Contract for
Reference Room, 100 F Street NE.,
public interest, for the protection of Related Position (‘‘ECRP’’) transactions
Washington, DC 20549 on official and block trades. The scope of this filing
investors, or otherwise in furtherance of business days between the hours of
the purposes of the Act. If the is limited solely to the application of the
10:00 a.m. and 3:00 p.m. Copies of the rule amendments to security futures
Commission takes such action, the filing also will be available for
Commission shall institute proceedings traded on CFE. The only security futures
inspection and copying at the principal currently traded on CFE are traded
to determine whether the proposed rule office of the Exchange. All comments
should be approved or disapproved. under Chapter 16 of CFE’s Rulebook
received will be posted without change; which is applicable to Individual Stock
IV. Solicitation of Comments the Commission does not edit personal Based and Exchange-Traded Fund
Interested persons are invited to identifying information from Based Volatility Index security futures.
submit written data, views, and submissions. You should submit only The text of the proposed rule change is
arguments concerning the foregoing, information that you wish to make attached as Exhibit 4 to the filing but is
including whether the proposed rule available publicly. All submissions not attached to the publication of this
change is consistent with the Act. should refer to File Number SR–BOX– notice.
Comments may be submitted by any of 2015–14 and should be submitted on or II. Self-Regulatory Organization’s
the following methods: before April 7, 2015. Statement of the Purpose of, and
For the Commission, by the Division of Statutory Basis for, the Proposed Rule
6 In addition, Rule 19b–4(f)(6)(iii) requires the Trading and Markets, pursuant to delegated Change
Exchange to give the Commission written notice of
the Exchange’s intent to file the proposed rule authority.8 In its filing with the Commission, CFE
change, along with a brief description and text of Brent J. Fields, included statements concerning the
the proposed rule change, at least five business days
mstockstill on DSK4VPTVN1PROD with NOTICES
prior to the date of filing of the proposed rule Secretary. purpose of and basis for the proposed
change, or such shorter time as designated by the [FR Doc. 2015–06020 Filed 3–16–15; 8:45 am] rule change and discussed any
Commission. The Commission has waived the 5- BILLING CODE 8011–01–P comments it received on the proposed
day prefiling requirement in this case. rule change. The text of these statements
7 For purposes only of waiving the 30-day
operative delay, the Commission has also
may be examined at the places specified
considered the proposed rule’s impact on
1 15 U.S.C. 78s(b)(7).
efficiency, competition, and capital formation. See
15 U.S.C. 78c(f). 8 17 CFR 200.30–3(a)(12). 27 U.S.C. 7a–2(c).
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Document Created: 2015-12-18 12:01:58
Document Modified: 2015-12-18 12:01:58
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
| Publisher | Office of the Federal Register, National Archives and Records Administration | |
| Section | Notices | |
| FR Citation | 80 FR 13932 |
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