80 FR 13938 - Self-Regulatory Organizations; The Miami International Securities Exchange LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Its Fee Schedule
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 80, Issue 51 (March 17, 2015)
Federal Register Volume 80, Issue 51 (March 17, 2015)
| Page Range | 13938-13940 | |
| FR Document | 2015-06009 |
[Federal Register Volume 80, Number 51 (Tuesday, March 17, 2015)] [Notices] [Pages 13938-13940] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2015-06009] ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION [Release No. 34-74478; File No. SR-MIAX-2015-16] Self-Regulatory Organizations; The Miami International Securities Exchange LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Its Fee Schedule March 11, 2015 Pursuant to the provisions of 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 27, 2015, Miami International Securities Exchange LLC (``MIAX'' or ``Exchange'') filed with the Securities and Exchange Commission (``Commission'') a 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 is filing a proposal to amend the MIAX Options Fee Schedule. The text of the proposed rule change is available on the Exchange's Web site at http://www.miaxoptions.com/filter/wotitle/rule_filing, at MIAX's principal office, 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 proposes to amend its Fee Schedule to: (i) Increase the transaction fees for Public Customers [[Page 13939]] that are not a Priority Customer and Firms; and (ii) modify the transaction fees for non-Priority Customers and Firms for achieving certain Priority Customer Rebate Program volume tiers. The proposed changes are based on the similar fees of other competing options exchange.\3\ --------------------------------------------------------------------------- \3\ See NASDAQ OMX PHLX LLC Pricing Schedule, Section II; NYSE Amex Options Fee Schedule, p. 6; Chicago Board Options Exchange, Incorporated, Fee Schedule, p.1. See also Securities Exchange Act Release No. 68556 (January 2, 2013), 78 FR 1293 (January 8, 2013) (SR-BX-2012-074). --------------------------------------------------------------------------- The Exchange proposes to increase the transaction fees for Public Customers that are not a Priority Customer and Firms. Specifically, the Exchange proposes to assess the following fees for transactions for Public Customers that are not a Priority Customer: (i) $0.47 per contract for standard options and $0.05 per contract for mini options in Penny Pilot options classes; and (ii) $0.62 per contract for standard options and $0.06 per contract for mini options in non-Penny Pilot options classes. In addition, the Exchange proposes to assess the following fees for transactions for Firms: (i) $0.37 per contract for standard options and $0.04 per contract for mini options in Penny Pilot options classes; and (ii) $0.42 per contract for standard options and $0.04 per contract for mini options in non-Penny Pilot options classes. The Exchange proposes to continue to offer Public Customers that are not a Priority Customer and Firms the opportunity to reduce transaction fees by $0.02 per contract in standard options in both Penny Pilot and non-Penny Pilot options classes.\4\ Specifically, any Member or its affiliates of at least 75% common ownership between the firms as reflected on each firm's Form BD, Schedule A, that qualifies for Priority Customer Rebate Program volume tiers 3, 4, or 5 and is a Public Customer that are not a Priority Customer will be assessed $0.45 per contract for standard options in Penny Pilot options classes and $0.60 per contract for standard options in non-Penny Pilot options classes. Further, any Member or its affiliates of at least 75% common ownership between the firms as reflected on each firm's Form BD, Schedule A, that qualifies for Priority Customer Rebate Program volume tiers 3, 4, or 5 and is a Firm will be assessed $0.35 per contract for standard options in Penny Pilot options classes and $0.40 per contract in non-Penny Pilot options classes. The Exchange believes that these incentives will encourage Public Customers that are not a Priority Customer and Firms to transact a greater number of orders on the Exchange. --------------------------------------------------------------------------- \4\ See Securities Exchange Release Nos. 72988 (September 4, 2014), 79 FR 53808 (September 10, 2014) (SR-MIAX-2014-46); 72989 (September 4, 2014), 79 FR 53792 (September 10, 2014) (SR-MIAX-2014- 47). --------------------------------------------------------------------------- The Exchange proposes to implement the new transaction fees beginning March 1, 2015. 2. Statutory Basis The Exchange believes that its proposed rule change is consistent with Section 6(b) of the Act \5\ in general, and furthers the objectives of Section 6(b)(4) of the Act \6\ in particular, in that it is an equitable allocation of reasonable fees and other charges among Exchange members. --------------------------------------------------------------------------- \5\ 15 U.S.C. 78f(b). \6\ 15 U.S.C. 78f(b)(4). --------------------------------------------------------------------------- The Exchange's proposal to increase the transaction fees for Public Customers that are not a Priority Customer and Firms is reasonable because the Exchange's fees will remain competitive with fees at other options exchanges.\7\ The Exchange's proposal to increase the transaction fees for Public Customers that are not a Priority Customer and Firms is equitable and not unfairly discriminatory because the increase applies equally to all such market participants. The Exchange does not assess Priority Customers transactions fees because Priority Customer order flow enhances liquidity on the Exchange for the benefit of all market participants. Priority Customer liquidity benefits all market participants by providing more trading opportunities, which attracts Market Makers and other market participants. An increase in the activity of these market participants in turn facilitates tighter spreads, which may cause an additional corresponding increase in order flow from other market participants. Market Makers are assessed lower transaction fees as compared to Public Customers that are not a Priority Customer, Non-MIAX Market Makers, Non-Member Broker-Dealers, and Firms because they have obligations to the market and regulatory requirements, which normally do not apply to other market participants.\8\ They have obligations to make continuous markets, engage in a course of dealings reasonably calculated to contribute to the maintenance of a fair and orderly market, and not make bids or offers or enter into transactions that are inconsistent with a course of dealings. In addition, charging non-members higher transaction fees is a common practice amongst exchanges because Members are subject to other fees and dues associated with their membership to the Exchange that do not apply to non-members. The proposed differentiation as between Public Customer that is not a Priority Customer, Firms, and other market participants recognizes the differing contributions made to the liquidity and trading environment on the Exchange by these market participants. --------------------------------------------------------------------------- \7\ See NASDAQ OMX PHLX LLC Pricing Schedule, Section II; NASDAQ Options Market LLC's Pricing Schedule, Chapter XV. \8\ See Exchange Rules 603 and 604. --------------------------------------------------------------------------- The Exchange's proposal to offer Public Customers that are not a Priority Customer and Firms the opportunity to reduce transaction fees by $0.02 per contract in standard options, provided certain criteria are met, is reasonable because the Exchange desires to offer all such market participants an opportunity to lower their transaction fees. The Exchange's proposal to offer Public Customers that are not a Priority Customer and Firms the opportunity to reduce transaction fees by $0.02 per contract in standard options, provided certain criteria are met, is equitable and not unfairly discriminatory because the Exchange will offer all market participants, excluding Priority Customers, a means to reduce transaction fees by qualifying for volume tiers in the Priority Customer Rebate Program. The Exchange believes that offering all such market participants the opportunity to lower transaction fees by incentivizing them to transact Priority Customer order flow in turn benefits all market participants. The Exchange believes that the proposal to allow the aggregation of trading activity of separate Members or its affiliates for purposes of the fee reduction is fair, equitable and not unreasonably discriminatory. The Exchange believes the proposed rule change is reasonable because it would allow aggregation of the trading activity of separate Members or its affiliates for purposes of the fee reduction only in very narrow circumstances, namely, where the firm is an affiliate, as defined herein. Furthermore, other exchanges, as well as MIAX, have rules that permit the aggregation of the trading activity of affiliated entities for the purposes of calculating and assessing certain fees. The Exchange believes that offering all such market participants the opportunity to lower transaction fees by incentivizing them to transact Priority Customer order flow in turn benefits all market participants. The Exchange believes that its proposal to assess transaction fees in non-Penny Pilot options classes, which differs from Penny Pilot options classes, is consistent with other options markets [[Page 13940]] that also assess different transaction fees for non-Penny Pilot options classes as compared to Penny Pilot options classes. The Exchange believes that establishing different pricing for non-Penny Pilot options and Penny Pilot options is reasonable, equitable, and not unfairly discriminatory because Penny Pilot options are more liquid options as compared to non-Penny Pilot options. Additionally, other competing options exchanges differentiate pricing in the similar manner today.\9\ --------------------------------------------------------------------------- \9\ See NASDAQ OMX PHLX LLC Pricing Schedule, Section II; NYSE Amex Options Fee Schedule, p. 6; Chicago Board Options Exchange, Incorporated, Fee Schedule, p. 1. See also Securities Exchange Act Release No. 68556 (January 2, 2013), 78 FR 1293 (January 8, 2013) (SR-BX-2012-074). --------------------------------------------------------------------------- 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. The proposal is similar to the transaction fees found on other options exchanges; therefore, the Exchange believes the proposal is consistent with robust competition by increasing the intermarket competition for order flow from market participants. The proposal more closely aligns the fees for Public Customers that is not a Priority Customer and Firms to those of non- MIAX Market Makers and non-Member Broker-dealers. To the extent that there is additional competitive burden on non-member market participants, the Exchange believes that this is appropriate because charging non-members higher transaction fees is a common practice amongst exchanges and Members are subject to other fees and dues associated with their membership to the Exchange that do not apply to non-members. To the extent that there is additional competitive burden on market participants that are Public Customer not Priority Customers or Firms, the Exchange believes that this is appropriate because the proposal should incent Members to direct additional order flow to the Exchange and thus provide additional liquidity that enhances the quality of its markets and increases the volume of contracts traded here. To the extent that this purpose is achieved, all the Exchange's market participants should benefit from the improved market liquidity. Enhanced market quality and increased transaction volume that results from the anticipated increase in order flow directed to the Exchange will benefit all market participants and improve competition on the Exchange. The Exchange notes that it operates in a highly competitive market in which market participants can readily favor competing venues if they deem fee levels at a particular venue to be excessive. In such an environment, the Exchange must continually adjust its fees to remain competitive with other exchanges and to attract order flow. The Exchange believes that the proposal reflects this competitive environment. C. Self-Regulatory Organization's Statement on Comments on the Proposed Rule Change Received From Members, Participants or Others Written comments were neither solicited nor received. III. Date of Effectiveness of the Proposed Rule Change and Timing for Commission Action The foregoing rule change has become effective pursuant to Section 19(b)(3)(A)(ii) of the Act.\10\ 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. --------------------------------------------------------------------------- \10\ 15 U.S.C. 78s(b)(3)(A)(ii). --------------------------------------------------------------------------- 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-MIAX-2015-16 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. All submissions should refer to File Number SR-MIAX-2015-16. 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-MIAX-2015-16 and should be submitted on or before April 7, 2015. --------------------------------------------------------------------------- \11\ 17 CFR 200.30-3(a)(12). For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.\11\ Brent J. Fields, Secretary. [FR Doc. 2015-06009 Filed 3-16-15; 8:45 am] BILLING CODE 8011-01-P
![13938 Federal Register / Vol. 80, No. 51 / Tuesday, March 17, 2015 / Notices
proposed to be changed, and OCC is not • Send an email to rule-comments@ SECURITIES AND EXCHANGE
proposing to change any other aspect of sec.gov. Please include File Number SR– COMMISSION
its procedures governing overnight OCC–2015–005 on the subject line.
[Release No. 34–74478; File No. SR–MIAX–
trading, which have previously been 2015–16]
approved by the Commission. Finally, Paper Comments
the proposed change is not inconsistent • Send paper comments in triplicate Self-Regulatory Organizations; The
with the existing rules of OCC, to Secretary, Securities and Exchange Miami International Securities
including any other rules proposed to be Exchange LLC; Notice of Filing and
Commission, 100 F Street NE.,
amended. Immediate Effectiveness of a Proposed
Washington, DC 20549–1090.
(B) Clearing Agency’s Statement on Rule Change To Amend Its Fee
All submissions should refer to File Schedule
Burden on Competition
Number SR–OCC–2015–005. This file
OCC does not believe that the number should be included on the March 11, 2015
proposed rule change would impose a subject line if email is used. To help the Pursuant to the provisions of Section
burden on competition.9 The proposed 19(b)(1) of the Securities Exchange Act
Commission process and review your
rule change concerns operational of 1934 (‘‘Act’’) 1 and Rule 19b–4
comments more efficiently, please use
changes that are designed to reduce thereunder,2 notice is hereby given that
only one method. The Commission will on February 27, 2015, Miami
OCC’s exposure to risk as a result of
post all comments on the Commission’s International Securities Exchange LLC
clearing member activities during
Internet Web site (http://www.sec.gov/ (‘‘MIAX’’ or ‘‘Exchange’’) filed with the
overnight trading sessions and is
rules/sro.shtml). Copies of the Securities and Exchange Commission
protective in nature. This change will be
applied uniformly across all clearing submission, all subsequent (‘‘Commission’’) a proposed rule change
members participating in overnight amendments, all written statements as described in Items I, II, and III below,
trading sessions. Accordingly, OCC does with respect to the proposed rule which Items have been prepared by the
not believe that the proposed rule change that are filed with the Exchange. The Commission is
change would impose a burden on Commission, and all written publishing this notice to solicit
competition. communications relating to the comments on the proposed rule change
proposed rule change between the from interested persons.
(C) Clearing Agency’s Statement on Commission and any person, other than
Comments on the Proposed Rule I. Self-Regulatory Organization’s
those that may be withheld from the Statement of the Terms of Substance of
Change Received From Members, public in accordance with the
Participants or Others the Proposed Rule Change
provisions of 5 U.S.C. 552, will be
Written comments on the proposed The Exchange is filing a proposal to
available for Web site viewing and
rule change were not and are not amend the MIAX Options Fee Schedule.
printing in the Commission’s Public The text of the proposed rule change
intended to be solicited with respect to Reference Section, 100 F Street NE.,
the proposed rule change and none have is available on the Exchange’s Web site
Washington, DC 20549, on official at http://www.miaxoptions.com/filter/
been received. business days between the hours of wotitle/rule_filing, at MIAX’s principal
III. Date of Effectiveness of the 10:00 a.m. and 3:00 p.m. Copies of such office, and at the Commission’s Public
Proposed Rule Change and Timing for filing also will be available for Reference Room.
Commission Action inspection and copying at the principal
office of OCC and on OCC’s Web site at II. Self-Regulatory Organization’s
The foregoing rule change has become Statement of the Purpose of, and
effective pursuant to section 19(b)(3)(A) http://www.theocc.com/components/
Statutory Basis for, the Proposed Rule
of the Act and paragraph (f) of Rule docs/legal/rules_and_bylaws/sr_occ_15_
Change
19b–4 thereunder. At any time within 005.pdf.
In its filing with the Commission, the
60 days of the filing of the proposed rule All comments received will be posted Exchange included statements
change, the Commission summarily may without change; the Commission does concerning the purpose of and basis for
temporarily suspend such rule change if not edit personal identifying the proposed rule change and discussed
it appears to the Commission that such information from submissions. You any comments it received on the
action is necessary or appropriate in the should submit only information that proposed rule change. The text of these
public interest, for the protection of you wish to make available publicly. All statements may be examined at the
investors, or otherwise in furtherance of submissions should refer to File places specified in Item IV below. The
the purposes of the Act. Number SR–OCC–2015–005 and should Exchange has prepared summaries, set
IV. Solicitation of Comments be submitted on or before April 7, 2015. forth in sections A, B, and C below, of
Interested persons are invited to For the Commission, by the Division of the most significant aspects of such
submit written data, views, and Trading and Markets, pursuant to delegated statements.
arguments concerning the foregoing, authority.10 A. Self-Regulatory Organization’s
including whether the proposed rule Brent J. Fields, Statement of the Purpose of, and
change is consistent with the Act. Secretary. Statutory Basis for, the Proposed Rule
Comments may be submitted by any of [FR Doc. 2015–06019 Filed 3–16–15; 8:45 am] Change
mstockstill on DSK4VPTVN1PROD with NOTICES
the following methods:
BILLING CODE 8011–01–P 1. Purpose
Electronic Comments The Exchange proposes to amend its
• Use the Commission’s Internet Fee Schedule to: (i) Increase the
comment form (http://www.sec.gov/ transaction fees for Public Customers
rules/sro.shtml); or
1 15 U.S.C. 78s(b)(1).
9 15 U.S.C. 78q–1(b)(3)(I). 10 17 CFR 200.30–3(a)(12). 2 17 CFR 240.19b–4.
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![13940 Federal Register / Vol. 80, No. 51 / Tuesday, March 17, 2015 / Notices
that also assess different transaction fees highly competitive market in which post all comments on the Commission’s
for non-Penny Pilot options classes as market participants can readily favor Internet Web site (http://www.sec.gov/
compared to Penny Pilot options competing venues if they deem fee rules/sro.shtml). Copies of the
classes. The Exchange believes that levels at a particular venue to be submission, all subsequent
establishing different pricing for non- excessive. In such an environment, the amendments, all written statements
Penny Pilot options and Penny Pilot Exchange must continually adjust its with respect to the proposed rule
options is reasonable, equitable, and not fees to remain competitive with other change that are filed with the
unfairly discriminatory because Penny exchanges and to attract order flow. The Commission, and all written
Pilot options are more liquid options as Exchange believes that the proposal communications relating to the
compared to non-Penny Pilot options. reflects this competitive environment. proposed rule change between the
Additionally, other competing options Commission and any person, other than
exchanges differentiate pricing in the C. Self-Regulatory Organization’s
those that may be withheld from the
similar manner today.9 Statement on Comments on the
public in accordance with the
Proposed Rule Change Received From
B. Self-Regulatory Organization’s provisions of 5 U.S.C. 552, will be
Members, Participants or Others
Statement on Burden on Competition available for Web site viewing and
Written comments were neither printing in the Commission’s Public
The Exchange does not believe that solicited nor received. Reference Room, 100 F Street NE.,
the proposed rule change will impose Washington, DC 20549, on official
any burden on competition not III. Date of Effectiveness of the
Proposed Rule Change and Timing for business days between the hours of
necessary or appropriate in furtherance 10:00 a.m. and 3:00 p.m. Copies of such
of the purposes of the Act. The proposal Commission Action
filing also will be available for
is similar to the transaction fees found The foregoing rule change has become inspection and copying at the principal
on other options exchanges; therefore, effective pursuant to Section office of the Exchange. All comments
the Exchange believes the proposal is 19(b)(3)(A)(ii) of the Act.10 At any time received will be posted without change;
consistent with robust competition by within 60 days of the filing of the the Commission does not edit personal
increasing the intermarket competition proposed rule change, the Commission identifying information from
for order flow from market participants. summarily may temporarily suspend submissions. You should submit only
The proposal more closely aligns the such rule change if it appears to the information that you wish to make
fees for Public Customers that is not a Commission that such action is available publicly. All submissions
Priority Customer and Firms to those of necessary or appropriate in the public should refer to File Number SR–MIAX–
non-MIAX Market Makers and non- interest, for the protection of investors, 2015–16 and should be submitted on or
Member Broker-dealers. To the extent or otherwise in furtherance of the before April 7, 2015.
that there is additional competitive purposes of the Act. If the Commission
burden on non-member market takes such action, the Commission shall For the Commission, by the Division of
participants, the Exchange believes that Trading and Markets, pursuant to delegated
institute proceedings to determine authority.11
this is appropriate because charging whether the proposed rule should be
non-members higher transaction fees is Brent J. Fields,
approved or disapproved.
a common practice amongst exchanges Secretary.
and Members are subject to other fees IV. Solicitation of Comments [FR Doc. 2015–06009 Filed 3–16–15; 8:45 am]
and dues associated with their Interested persons are invited to BILLING CODE 8011–01–P
membership to the Exchange that do not submit written data, views and
apply to non-members. To the extent arguments concerning the foregoing,
that there is additional competitive including whether the proposed rule SECURITIES AND EXCHANGE
burden on market participants that are change is consistent with the Act. COMMISSION
Public Customer not Priority Customers Comments may be submitted by any of [Release No. 34–74482; File No. SR–FINRA–
or Firms, the Exchange believes that this the following methods: 2014–050]
is appropriate because the proposal
should incent Members to direct Electronic Comments
Self-Regulatory Organizations;
additional order flow to the Exchange • Use the Commission’s Internet Financial Industry Regulatory
and thus provide additional liquidity comment form (http://www.sec.gov/ Authority, Inc; Notice of Filing of
that enhances the quality of its markets rules/sro.shtml); or Amendment No. 1 and Order Granting
and increases the volume of contracts • Send an email to rule-comments@ Accelerated Approval of a Proposed
traded here. To the extent that this sec.gov. Please include File Number SR– Rule Change, as Amended, To Require
purpose is achieved, all the Exchange’s MIAX–2015–16 on the subject line. a Member To Identify Transactions
market participants should benefit from With a Non-Member Affiliate and To
Paper Comments
the improved market liquidity. Change How FINRA Disseminates a
Enhanced market quality and increased • Send paper comments in triplicate
Subset of Such Transactions
transaction volume that results from the to Brent J. Fields, Secretary, Securities
anticipated increase in order flow and Exchange Commission, 100 F Street March 11, 2015
directed to the Exchange will benefit all NE., Washington, DC 20549.
I. Introduction
market participants and improve All submissions should refer to File
On November 21, 2014, the Financial
mstockstill on DSK4VPTVN1PROD with NOTICES
competition on the Exchange. The Number SR–MIAX–2015–16. This file
Exchange notes that it operates in a number should be included on the Industry Regulatory Authority, Inc.
subject line if email is used. To help the (‘‘FINRA’’) filed with the Securities and
9 See NASDAQ OMX PHLX LLC Pricing
Commission process and review your Exchange Commission (‘‘Commission’’),
Schedule, Section II; NYSE Amex Options Fee comments more efficiently, please use pursuant to Section 19(b)(1) of the
Schedule, p. 6; Chicago Board Options Exchange, Securities Exchange Act of 1934
Incorporated, Fee Schedule, p. 1. See also Securities only one method. The Commission will
Exchange Act Release No. 68556 (January 2, 2013),
78 FR 1293 (January 8, 2013) (SR–BX–2012–074). 10 15 U.S.C. 78s(b)(3)(A)(ii). 11 17 CFR 200.30–3(a)(12).
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Document Created: 2015-12-18 12:01:40
Document Modified: 2015-12-18 12:01:40
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
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| Section | Notices | |
| FR Citation | 80 FR 13938 |
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