80 FR 18667 - Self-Regulatory Organizations; NASDAQ OMX PHLX LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Section (a)(iv) of Rule 703, Financial Responsibility and Reporting
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 80, Issue 66 (April 7, 2015)
Federal Register Volume 80, Issue 66 (April 7, 2015)
| Page Range | 18667-18669 | |
| FR Document | 2015-07882 |
[Federal Register Volume 80, Number 66 (Tuesday, April 7, 2015)] [Notices] [Pages 18667-18669] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2015-07882] ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION [Release No. 34-74627; File No. SR-Phlx-2015-30] Self-Regulatory Organizations; NASDAQ OMX PHLX LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Section (a)(iv) of Rule 703, Financial Responsibility and Reporting April 1, 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 March 23, 2015, NASDAQ OMX PHLX LLC (``Phlx'' 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 substantially prepared by the Exchange. The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons. --------------------------------------------------------------------------- \1\ See 15 U.S.C. 78s(b)(1). \2\ See 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 section (a)(iv) of Rule 703, Financial Responsibility and Reporting, as described below.\3\ --------------------------------------------------------------------------- \3\ A Registered Options Trader or ROT is a regular member or a foreign currency options participant of the Exchange located on the trading floor who has received permission from the Exchange to trade in options for his own account. See Exchange Rule 1014(b)(i). --------------------------------------------------------------------------- The text of the proposed rule change is below. Proposed new language is in italics; proposed deletions are in brackets. * * * * * Rule 703. Financial Responsibility and Reporting (a) Financial Responsibility Standards.--Each member organization effecting securities transactions shall comply with the capital requirements set forth below: (i) each member organization subject to SEC [[Page 18668]] rule 15c3-1 shall at all times comply with said rule and the notification provisions of SEC rule 17a-11; (ii) each member organization exempt from SEC rule 15c3-1 shall, at the time of its admission to the Exchange, have a minimum of $25,000 in net liquid assets; (iii) each member organization or foreign currency options participant organization exempt from SEC Rule 15c3-1 and whose principal business is as a registered options trader on the Exchange, shall, subject to subparagraph (iv) below, at all times maintain a minimum of $25,000 in net liquid assets; (iv) each member organization referred to in paragraph (iii) above shall at all times maintain positive net liquid assets and, in its clearing account(s), positive equity, provided that said organization has filed with the Exchange a letter of guarantee issued on its behalf by a clearing member organization of this Exchange which is also a clearing member of the Options Clearing Corporation. In said letter the clearing member organization guarantees the financial responsibilities of said organization for all transactions and balances carried and cleared in the clearing account(s). [Such guarantee shall remain in effect until the Exchange receives from the clearing member organization written notice of its intent to cancel its guarantee. Written notice of such cancellation received by the Exchange at least one-half hour before the normal opening of trading shall take effect on the day of receipt; written notice received less than one-half hour before the opening of trading shall take effect on the opening of the business day following Exchange receipt.] Such letter of guarantee filed with the Exchange shall remain in effect until a written notice of revocation has been filed with the Exchange by the clearing member organization. A revocation shall in no way relieve a clearing member organization of responsibility for transactions guaranteed prior to the effective date of such revocation. (v)-(viii) No change. (b)-(f) No change. * * * Commentary No change. * * * * * 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 II.A., II.B., and II.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 purpose of the proposed rule change is to modernize the Exchange's rules regarding the termination of letters of guarantee provided by clearing member organizations which guarantee the financial responsibilities of non-clearing member organizations. The proposal would permit clearing member organizations to terminate letters of guarantee which guarantee the financial responsibilities of non- clearing member organizations on an intraday basis. The amendment would conform this aspect of Rule 703 to the Letter of Guarantee termination provisions of the NASDAQ Options Market (``NOM'') and NASDAQ OMX BX, Inc. (``BX'') rules.\4\ --------------------------------------------------------------------------- \4\ Chapter VII, Section 8(c) of the BX Rules provides in relevant part that ``[a] Letter of Guarantee filed with BX Regulation shall remain in effect until a written notice of revocation has been filed with BX Regulation by the Guarantor Clearing Participant.'' Chapter VII, Section 8(c) of the NOM rules is nearly identical, stating that ``[a] Letter of Guarantee filed with Nasdaq Regulation shall remain in effect until a written notice of revocation has been filed with Nasdaq Regulation by the Guarantor Clearing Participant.'' The BX and NOM rules also state, like the Phlx proposal, that a revocation shall in no way relieve the issuer of responsibility for transactions guaranteed prior to the effective date of such revocation. --------------------------------------------------------------------------- Currently, Rule 703(a)(iv) provides that a clearing member guarantee remains in effect until the Exchange receives from the clearing member organization written notice of its intent to cancel its guarantee. It further provides that written notice of such cancellation received by the Exchange at least one-half hour before the normal opening of trading shall take effect on the day of receipt, except that written notice received less than one-half hour before the opening of trading shall take effect only on the opening of the business day following Exchange receipt. Consequently, a guaranteeing clearing member organization concerned about its guaranteed member organization's credit is unable to terminate its guarantee on an intraday basis. The proposed amendment to Rule 703(a)(iv) would enable the guaranteeing clearing member organization to terminate the guarantee during the trading day, avoiding financial responsibility for trades that would otherwise have occurred during the rest of the day for which the guaranteeing member would, under the current rule, remain financially responsible. As stated above, the change would conform the Phlx rule to the NOM and BX rules which permit revocation of a Letter of Guarantee to take effect upon filing of a written notice of revocation, which permits termination to become effective without waiting until the next trading day. The Exchange will terminate the registered options trader's access to trading as soon as it processes the withdrawn guarantee. Clearing member organizations will therefore be able to react more quickly under the amended rule to any potential rapid deterioration in the guaranteed entity's condition. 2. Statutory Basis The Exchange believes that its proposal is consistent with Section 6(b) of the Act \5\ in general, and furthers the objectives of Section 6(b)(5) of the Act \6\ in particular, in that it is designed to promote just and equitable principles of trade, to 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, by permitting clearing member organizations to revoke letters of guarantee effective upon filing written notice of revocation with the Exchange. The proposal should encourage additional clearing member organizations to consider issuing letters of guarantee, knowing they may revoke the guarantee more quickly upon an adverse change in the guaranteed entity's circumstances than is currently permitted under Rule 703(a)(iv). --------------------------------------------------------------------------- \5\ See 15 U.S.C. 78f(b). \6\ See 15 U.S.C. 78f(b)(5). --------------------------------------------------------------------------- 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 because the proposed change would apply to all issuers of clearing member guarantees equally and because it would also apply equally to all guaranteed entities whose guarantees are revoked under Rule 703(a)(iv). 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 Because the foregoing proposed rule change does not: (i) Significantly affect [[Page 18669]] the protection of 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, it has become effective pursuant to Section 19(b)(3)(A)(ii) of the Act \7\ and subparagraph (f)(6) of Rule 19b-4 thereunder.\8\ --------------------------------------------------------------------------- \7\ See 15 U.S.C. 78s(b)(3)(a)(ii). \8\ See 17 CFR 240.19b-4(f)(6). In addition, Rule 19b-4(f)(6) requires a self-regulatory organization to give the Commission written notice of its intent to file 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 Exchange has satisfied this requirement. --------------------------------------------------------------------------- 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: (i) Necessary or appropriate in the public interest; (ii) for the protection of investors; or (iii) 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 rule-comments@sec.gov. Please include File Number SR-Phlx-2015-30 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-Phlx-2015-30. 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-Phlx-2015-30 and should be submitted on or before April 28, 2015. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.\9\ --------------------------------------------------------------------------- \9\ See 17 CFR 200.30-3(a)(12). --------------------------------------------------------------------------- Brent J. Fields, Secretary. [FR Doc. 2015-07882 Filed 4-6-15; 8:45 am] BILLING CODE CODE 8011-01-P
![Federal Register / Vol. 80, No. 66 / Tuesday, April 7, 2015 / Notices 18667
B. Self-Regulatory Organization’s it appears to the Commission that such ISEGemini–2015–08, and should be
Statement on Burden on Competition action is: (i) Necessary or appropriate in submitted on or before April 28, 2015.
The Exchange believes the proposal is the public interest; (ii) for the protection For the Commission, by the Division of
consistent with Section 6(b)(8) of the of investors; or (iii) otherwise in Trading and Markets, pursuant to delegated
Act 6 in that it does not impose any furtherance of the purposes of the Act. authority.9
burden on competition that is not If the Commission takes such action, the Brent J. Fields,
necessary or appropriate in furtherance Commission shall institute proceedings Secretary.
of the purposes of the Act. The to determine whether the proposed rule
[FR Doc. 2015–07849 Filed 4–6–15; 8:45 am]
proposed rule change is not designed to should be approved or disapproved.
BILLING CODE CODE 8011–01–P
address any aspect of competition, but IV. Solicitation of Comments
would provide authority for the
Interested persons are invited to
Exchange to directly share risk settings SECURITIES AND EXCHANGE
submit written data, views, and
with Clearing Members regarding the COMMISSION
arguments concerning the foregoing,
Members with whom the Clearing
including whether the proposed rule [Release No. 34–74627; File No. SR–Phlx–
Member has executed a letter of
change is consistent with the Act. 2015–30]
guarantee so the Clearing Member can
Comments may be submitted by any of
better monitor and manage the potential Self-Regulatory Organizations;
the following methods:
risks assumed by the Members, thereby NASDAQ OMX PHLX LLC; Notice of
providing them with greater control and Electronic Comments Filing and Immediate Effectiveness of
flexibility over setting their own risk • Use the Commission’s Internet Proposed Rule Change To Amend
tolerance and exposure. The proposed comment form (http://www.sec.gov/ Section (a)(iv) of Rule 703, Financial
rule change does not pose an undue rules/sro.shtml); or Responsibility and Reporting
burden on non-Clearing Members • Send an email to rule-comments@
because, unlike Clearing Members, non- sec.gov. Please include File Number SR– April 1, 2015.
Clearing Members do not guarantee the ISEGemini 2015–08 on the subject line. Pursuant to Section 19(b)(1) of the
execution of the Member transactions Securities Exchange Act of 1934
on the Exchange. The proposed rule Paper Comments (‘‘Act’’),1 and Rule 19b–4 thereunder,2
change is structured to offer the same • Send paper comments in triplicate notice is hereby given that on March 23,
enhancement to all Clearing Members, to Secretary, Securities and Exchange 2015, NASDAQ OMX PHLX LLC
regardless of size, and would not Commission, 100 F Street NE., (‘‘Phlx’’ or ‘‘Exchange’’) filed with the
impose a competitive burden on any Washington, DC 20549–1090. Securities and Exchange Commission
participant. All submissions should refer to File (‘‘SEC’’ or ‘‘Commission’’) the proposed
C. Self-Regulatory Organization’s Number SR–ISEGemini–2015–08. This rule change as described in Items I, II,
Statement on Comments on the file number should be included on the and III, below, which Items have been
Proposed Rule Change Received From subject line if email is used. To help the substantially prepared by the Exchange.
Members, Participants, or Others Commission process and review your The Commission is publishing this
comments more efficiently, please use notice to solicit comments on the
The Exchange has not solicited, and only one method. The Commission will proposed rule change from interested
does not intend to solicit, comments on post all comments on the Commission’s persons.
this proposed rule change. The Internet Web site (http://www.sec.gov/
Exchange has not received any I. Self-Regulatory Organization’s
rules/sro.shtml). Copies of the
unsolicited written comments from Statement of the Terms of Substance of
submission, all subsequent
members or other interested parties. the Proposed Rule Change
amendments, all written statements
III. Date of Effectiveness of the with respect to the proposed rule The Exchange proposes to amend
Proposed Rule Change and Timing for change that are filed with the section (a)(iv) of Rule 703, Financial
Commission Action Commission, and all written Responsibility and Reporting, as
communications relating to the described below.3
The Exchange believes that the
proposed rule change between the The text of the proposed rule change
foregoing proposed rule change may
Commission and any person, other than is below. Proposed new language is in
take effect upon filing with the
those that may be withheld from the italics; proposed deletions are in
Commission pursuant to
public in accordance with the brackets.
Section19(b)(3)(A) 7 of the Act and Rule
19b–4(f)(6) thereunder 8 because the provisions of 5 U.S.C. 552, will be
* * * * *
foregoing proposed rule change does not available for Web site viewing and
printing in the Commission’s Public Rule 703. Financial Responsibility and
(i) significantly affect the protection of Reporting
investors or the public interest, (ii) Reference Room, 100 F Street NE.,
Washington, DC 20549, on official (a) Financial Responsibility Standards.—
impose any significant burden on Each member organization effecting
competition, and (iii) become operative business days between the hours of
securities transactions shall comply with
for 30 days after its filing date, or such 10:00 a.m. and 3:00 p.m. Copies of such
the capital requirements set forth below:
shorter time as the Commission may filing also will be available for (i) each member organization subject to SEC
designate. inspection and copying at the principal
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At any time within 60 days of the offices of the Exchange. All comments 9 17
CFR 200.30–3(a)(12).
filing of the proposed rule change, the received will be posted without change; 1 See
15 U.S.C. 78s(b)(1).
Commission summarily may the Commission does not edit personal 2 See 17 CFR 240.19b–4.
temporarily suspend such rule change if identifying information from 3 A Registered Options Trader or ROT is a regular
submissions. You should submit only member or a foreign currency options participant of
the Exchange located on the trading floor who has
6 15 U.S.C. 78f(b)(8). information that you wish to make received permission from the Exchange to trade in
7 15 U.S.C. 78s(b)(3)(A). available publicly. All submissions options for his own account. See Exchange Rule
8 17 CFR 240.19b-4(f)(6). should refer to File Number SR– 1014(b)(i).
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![18668 Federal Register / Vol. 80, No. 66 / Tuesday, April 7, 2015 / Notices
rule 15c3–1 shall at all times comply A. Self-Regulatory Organization’s NOM and BX rules which permit
with said rule and the notification Statement of the Purpose of, and revocation of a Letter of Guarantee to
provisions of SEC rule 17a–11; Statutory Basis for, the Proposed Rule take effect upon filing of a written
(ii) each member organization exempt from Change notice of revocation, which permits
SEC rule 15c3–1 shall, at the time of its
1. Purpose termination to become effective without
admission to the Exchange, have a
minimum of $25,000 in net liquid assets;
waiting until the next trading day. The
The purpose of the proposed rule Exchange will terminate the registered
(iii) each member organization or foreign
change is to modernize the Exchange’s options trader’s access to trading as
currency options participant
organization exempt from SEC Rule
rules regarding the termination of letters soon as it processes the withdrawn
15c3–1 and whose principal business is of guarantee provided by clearing guarantee. Clearing member
as a registered options trader on the member organizations which guarantee organizations will therefore be able to
Exchange, shall, subject to subparagraph the financial responsibilities of non- react more quickly under the amended
(iv) below, at all times maintain a clearing member organizations. The rule to any potential rapid deterioration
minimum of $25,000 in net liquid assets; proposal would permit clearing member in the guaranteed entity’s condition.
(iv) each member organization referred to in organizations to terminate letters of
paragraph (iii) above shall at all times guarantee which guarantee the financial 2. Statutory Basis
maintain positive net liquid assets and, responsibilities of non-clearing member The Exchange believes that its
in its clearing account(s), positive equity, organizations on an intraday basis. The proposal is consistent with Section 6(b)
provided that said organization has filed amendment would conform this aspect of the Act 5 in general, and furthers the
with the Exchange a letter of guarantee of Rule 703 to the Letter of Guarantee
issued on its behalf by a clearing member objectives of Section 6(b)(5) of the Act 6
termination provisions of the NASDAQ in particular, in that it is designed to
organization of this Exchange which is
also a clearing member of the Options
Options Market (‘‘NOM’’) and NASDAQ promote just and equitable principles of
Clearing Corporation. In said letter the OMX BX, Inc. (‘‘BX’’) rules.4 trade, to remove impediments to and
clearing member organization guarantees Currently, Rule 703(a)(iv) provides perfect the mechanism of a free and
the financial responsibilities of said that a clearing member guarantee open market and a national market
organization for all transactions and remains in effect until the Exchange system, and, in general to protect
balances carried and cleared in the receives from the clearing member investors and the public interest, by
clearing account(s). [Such guarantee organization written notice of its intent permitting clearing member
shall remain in effect until the Exchange to cancel its guarantee. It further organizations to revoke letters of
receives from the clearing member provides that written notice of such guarantee effective upon filing written
organization written notice of its intent cancellation received by the Exchange at
to cancel its guarantee. Written notice of
notice of revocation with the Exchange.
least one-half hour before the normal The proposal should encourage
such cancellation received by the opening of trading shall take effect on
Exchange at least one-half hour before additional clearing member
the day of receipt, except that written organizations to consider issuing letters
the normal opening of trading shall take notice received less than one-half hour
effect on the day of receipt; written of guarantee, knowing they may revoke
before the opening of trading shall take the guarantee more quickly upon an
notice received less than one-half hour
before the opening of trading shall take effect only on the opening of the adverse change in the guaranteed
effect on the opening of the business day business day following Exchange entity’s circumstances than is currently
following Exchange receipt.] Such letter receipt. Consequently, a guaranteeing permitted under Rule 703(a)(iv).
of guarantee filed with the Exchange clearing member organization
shall remain in effect until a written concerned about its guaranteed member B. Self-Regulatory Organization’s
notice of revocation has been filed with organization’s credit is unable to Statement on Burden on Competition
the Exchange by the clearing member terminate its guarantee on an intraday The Exchange does not believe that
organization. A revocation shall in no basis.
way relieve a clearing member
the proposed rule change will impose
The proposed amendment to Rule any burden on competition not
organization of responsibility for 703(a)(iv) would enable the
transactions guaranteed prior to the necessary or appropriate in furtherance
guaranteeing clearing member of the purposes of the Act because the
effective date of such revocation. organization to terminate the guarantee
(v)–(viii) No change. proposed change would apply to all
during the trading day, avoiding
(b)–(f) No change. issuers of clearing member guarantees
* * * Commentary No change. financial responsibility for trades that
equally and because it would also apply
would otherwise have occurred during
* * * * * equally to all guaranteed entities whose
the rest of the day for which the
guarantees are revoked under Rule
II. Self-Regulatory Organization’s guaranteeing member would, under the
703(a)(iv).
Statement of the Purpose of, and current rule, remain financially
Statutory Basis for, the Proposed Rule responsible. As stated above, the change C. Self-Regulatory Organization’s
Change would conform the Phlx rule to the Statement on Comments on the
Proposed Rule Change Received From
In its filing with the Commission, the 4 Chapter VII, Section 8(c) of the BX Rules
Members, Participants, or Others
Exchange included statements provides in relevant part that ‘‘[a] Letter of
Guarantee filed with BX Regulation shall remain in No written comments were either
concerning the purpose of and basis for effect until a written notice of revocation has been solicited or received.
the proposed rule change and discussed filed with BX Regulation by the Guarantor Clearing
III. Date of Effectiveness of the
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any comments it received on the Participant.’’ Chapter VII, Section 8(c) of the NOM
rules is nearly identical, stating that ‘‘[a] Letter of Proposed Rule Change and Timing for
proposed rule change. The text of these Guarantee filed with Nasdaq Regulation shall
statements may be examined at the remain in effect until a written notice of revocation
Commission Action
places specified in Item IV below. The has been filed with Nasdaq Regulation by the Because the foregoing proposed rule
Exchange has prepared summaries, set Guarantor Clearing Participant.’’ The BX and NOM
rules also state, like the Phlx proposal, that a
change does not: (i) Significantly affect
forth in sections II.A., II.B., and II.C. revocation shall in no way relieve the issuer of
below, of the most significant aspects of responsibility for transactions guaranteed prior to 5 See 15 U.S.C. 78f(b).
such statements. the effective date of such revocation. 6 See 15 U.S.C. 78f(b)(5).
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![Federal Register / Vol. 80, No. 66 / Tuesday, April 7, 2015 / Notices 18669
the protection of investors or the public Commission, and all written 409 3rd Street SW., Suite 6050,
interest; (ii) impose any significant communications relating to the Washington, DC 20416.
burden on competition; and (iii) become proposed rule change between the SUPPLEMENTARY INFORMATION: The notice
operative for 30 days from the date on Commission and any person, other than of the President’s major disaster
which it was filed, or such shorter time those that may be withheld from the declaration for Private Non-Profit
as the Commission may designate, it has public in accordance with the organizations in the State of Hawaii,
become effective pursuant to Section provisions of 5 U.S.C. 552, will be dated 03/04/2015, is hereby amended to
19(b)(3)(A)(ii) of the Act 7 and available for Web site viewing and establish the incident period for this
subparagraph (f)(6) of Rule 19b–4 printing in the Commission’s Public disaster as beginning 09/04/2014 and
thereunder.8 Reference Room, 100 F Street NE., continuing through 03/25/2015. All
At any time within 60 days of the Washington, DC 20549, on official other information in the original
filing of the proposed rule change, the business days between the hours of declaration remains unchanged.
Commission summarily may 10:00 a.m. and 3:00 p.m. Copies of the (Catalog of Federal Domestic Assistance
temporarily suspend such rule change if filing also will be available for Numbers 59002 and 59008)
it appears to the Commission that such inspection and copying at the principal
action is: (i) Necessary or appropriate in office of the Exchange. All comments James E. Rivera,
the public interest; (ii) for the protection received will be posted without change; Associate Administrator for Disaster
of investors; or (iii) otherwise in the Commission does not edit personal Assistance.
furtherance of the purposes of the Act. identifying information from [FR Doc. 2015–07890 Filed 4–6–15; 8:45 am]
If the Commission takes such action, the submissions. You should submit only BILLING CODE CODE 8025–01–P
Commission shall institute proceedings information that you wish to make
to determine whether the proposed rule available publicly.
should be approved or disapproved. All submissions should refer to File SOCIAL SECURITY ADMINISTRATION
Number SR–Phlx–2015–30 and should
IV. Solicitation of Comments [Docket No: SSA–2015–0015]
be submitted on or before April 28,
Interested persons are invited to 2015. Agency Information Collection
submit written data, views, and For the Commission, by the Division of Activities: Proposed Request and
arguments concerning the foregoing, Trading and Markets, pursuant to delegated Comment Request
including whether the proposed rule authority.9
change is consistent with the Act. Brent J. Fields, The Social Security Administration
Comments may be submitted by any of Secretary. (SSA) publishes a list of information
the following methods: collection packages requiring clearance
[FR Doc. 2015–07882 Filed 4–6–15; 8:45 am]
Electronic Comments BILLING CODE CODE 8011–01–P by the Office of Management and
Budget (OMB) in compliance with
• Use the Commission’s Internet Public Law 104–13, the Paperwork
comment form (http://www.sec.gov/ Reduction Act of 1995, effective October
rules/sro.shtml); or SMALL BUSINESS ADMINISTRATION
1, 1995. This notice includes revisions
• Send an email to rule-comments@ [Disaster Declaration #14241 and #14242] of OMB-approved information
sec.gov. Please include File Number SR–
collections.
Phlx–2015–30 on the subject line. Hawaii Disaster Number HI–00035 SSA is soliciting comments on the
Paper Comments AGENCY: U.S. Small Business accuracy of the agency’s burden
Administration. estimate; the need for the information;
• Send paper comments in triplicate
ACTION: Amendment 1.
its practical utility; ways to enhance its
to Brent J. Fields, Secretary, Securities
quality, utility, and clarity; and ways to
and Exchange Commission, 100 F Street
SUMMARY: This is an amendment of the minimize burden on respondents,
NE., Washington, DC 20549–1090.
Presidential declaration of a major including the use of automated
All submissions should refer to File disaster for Public Assistance Only for collection techniques or other forms of
Number SR–Phlx–2015–30. This file the State of Hawaii (FEMA–4201–DR), information technology. Mail, email, or
number should be included on the dated 03/04/2015. fax your comments and
subject line if email is used. To help the Incident: Pu u O o Volcanic Eruption recommendations on the information
Commission process and review your and Lava Flow. collection(s) to the OMB Desk Officer
comments more efficiently, please use Incident Period: 09/04/2014 through and SSA Reports Clearance Officer at
only one method. The Commission will 03/25/2015. the following addresses or fax numbers.
post all comments on the Commission’s Effective Date: 03/25/2015. (OMB)
Internet Web site (http://www.sec.gov/ Physical Loan Application Deadline Office of Management and Budget, Attn:
rules/sro.shtml). Date: 05/04/2015. Desk Officer for SSA, Fax: 202–395–
Copies of the submission, all Economic Injury (EIDL) Loan 6974, Email address: OIRA_
subsequent amendments, all written Application Deadline Date: 12/04/2015. Submission@omb.eop.gov
statements with respect to the proposed ADDRESSES: Submit completed loan (SSA), Social Security Administration,
rule change that are filed with the applications to: U.S. Small Business OLCA, Attn: Reports Clearance
Administration, Processing and Director, 3100 West High Rise, 6401
mstockstill on DSK4VPTVN1PROD with NOTICES
7 See 15 U.S.C. 78s(b)(3)(a)(ii).
8 See
Disbursement Center, 14925 Kingsport Security Blvd., Baltimore, MD 21235,
17 CFR 240.19b–4(f)(6). In addition, Rule
19b–4(f)(6) requires a self-regulatory organization to Road, Fort Worth, TX 76155. Fax: 410–966–2830, Email address:
give the Commission written notice of its intent to FOR FURTHER INFORMATION CONTACT: A OR.Reports.Clearance@ssa.gov.
file the proposed rule change at least five business Escobar, Office of Disaster Assistance, Or you may submit your comments
days prior to the date of filing of the proposed rule
change, or such shorter time as designated by the U.S. Small Business Administration, online through www.regulations.gov,
Commission. The Exchange has satisfied this referencing Docket ID Number [SSA–
requirement. 9 See 17 CFR 200.30–3(a)(12). 2015–0015].
VerDate Sep<11>2014 17:46 Apr 06, 2015 Jkt 235001 PO 00000 Frm 00084 Fmt 4703 Sfmt 4703 E:\FR\FM\07APN1.SGM 07APN1](https://thefederalregister.org/doc/80_FR_18733/page/3.svg)
Document Created: 2018-02-21 10:04:59
Document Modified: 2018-02-21 10:04:59
| 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 18667 |
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