80 FR 30517 - Self-Regulatory Organizations; Chicago Board Options Exchange, Incorporated; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend the Fees Schedule

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 80, Issue 102 (May 28, 2015)

Page Range		30517-30519
FR Document		2015-12828

Federal Register, Volume 80 Issue 102 (Thursday, May 28, 2015)

[Federal Register Volume 80, Number 102 (Thursday, May 28, 2015)]
[Notices]
[Pages 30517-30519]
From the Federal Register Online [www.thefederalregister.org]
[FR Doc No: 2015-12828]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-75022; File No. SR-CBOE-2015-049]

Self-Regulatory Organizations; Chicago Board Options Exchange,
Incorporated; Notice of Filing and Immediate Effectiveness of Proposed
Rule Change To Amend the Fees Schedule

May 21, 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 May 11, 2015, Chicago Board Options Exchange, Incorporated
(the ``Exchange'' or ``CBOE'') filed with the Securities and Exchange
Commission (``Commission'') the proposed rule change as described in
Items I, II, and III below, which Items have been prepared by the
Exchange. The Commission is publishing this notice to solicit comments
on the proposed rule change from interested persons.
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\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
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I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change

The Exchange proposes to amend its Fees Schedule. The text of the
proposed rule change is available on the Exchange's Web site (http://

[[Page 30518]]

www.cboe.com/AboutCBOE/CBOELegalRegulatoryHome.aspx), at the Exchange's
Office of the Secretary, 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 Fees Schedule, effective May 11,
2015. On January 2, 2015, the Exchange established an FBW fee for an
updated version of FBW (``FBW2''), which the Exchange had anticipated
making available shortly thereafter to all TPHs.\3\ The Exchange at
that time also proposed adopting a fee waiver for the months of January
and February 2015, as well as provide that, after March 1, 2015, the
monthly fee for FBW2 login IDs would be waived for the first month. The
launch of FBW2 however, was delayed and as such the Exchange extended
the fee waiver for the months of March and April 2015. Additionally,
the Exchange provided that after May 1, 2015 (instead of March 1, 2015)
the monthly fee for FBW2 login IDs would be waived for the first month.
The Exchange notes that to date, FBW2 has not launched. The Exchange
anticipates launching FBW2 on May 11, 2015. In light of this delay, the
Exchange proposes to delete the now outdated language and extend the
fee waiver for the months of May and June 2015. Additionally, the
Exchange will provide that after July 1, 2015 (instead of May 1, 2015)
the monthly fee for FBW2 login IDs will be waived for the first
month.\4\ The purpose of the proposed fee waivers is to give new users
time to become familiar with and fully acclimated to the new FBW
workstation functionality. The Exchange notes that after July 2015 (and
absent an applicable fee waiver noted above), TPHs will be charged each
of $400 for FBW and FBW2 (i.e., total of $800) if such users continue
to use both FBW and FBW2.
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\3\ See Securities Exchange Act Release No. 74134 (January 26,
2015), 80 FR 20 [sic] (January 30, 2015) (SR-CBOE-2015-005). The
adopted fee for FBW2 is the same as the existing FBW fee (i.e., $400
per month (per login ID).
\4\ For example, if a user adds a new login ID in July 2015, the
user would receive a fee waiver for that login ID for July 2015.
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2. Statutory Basis
The Exchange believes the proposed rule change is consistent with
the Securities Exchange Act of 1934 (the ``Act'') and the rules and
regulations thereunder applicable to the Exchange and, in particular,
the requirements of Section 6(b) of the Act.\5\ Specifically, the
Exchange believes the proposed rule change is consistent with the
Section 6(b)(5) \6\ requirements that the rules of an exchange be
designed to prevent fraudulent and manipulative acts and practices, to
promote just and equitable principles of trade, to foster cooperation
and coordination with persons engaged in regulating, clearing,
settling, processing information with respect to, and facilitation
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. Additionally,
the Exchange believes the proposed rule change is consistent with
Section 6(b)(4) of the Act,\7\ which requires that Exchange rules
provide for the equitable allocation of reasonable dues, fees, and
other charges among its Trading Permit Holders and other persons using
its facilities.
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\5\ 15 U.S.C. 78f(b).
\6\ 15 U.S.C. 78f(b)(5).
\7\ 15 U.S.C. 78f(b)(4).
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In particular, the Exchange believes it is reasonable to provide a
waiver of FBW2 fees for the months of May and June 2015 because it
allows new users time to become familiar with and fully acclimated to
the new FBW functionality and incentivizes the users to begin this
process as soon as the new functionality becomes available. The
Exchange believes it is reasonable to provide a waiver for the first
month for a new login ID beginning July 1, 2015, because it allows a
new user after June 2015 to fully acclimate to the new FBW
functionality. Additionally, the Exchange notes it is merely extending
existing waivers to correspond with the delayed launch of FBW2.

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 that is not necessary or appropriate
in furtherance of the purposes of the Act, because it applies to all
Trading Permit Holders. The Exchange believes this proposal will not
cause an unnecessary burden on intermarket competition because the
proposal only affects trading on CBOE. To the extent that the proposed
changes make CBOE a more attractive marketplace for market participants
at other exchanges, such market participants are welcome to become CBOE
market participants.

C. Self-Regulatory Organization's Statement on Comments on the Proposed
Rule Change Received From Members, Participants, or Others

The Exchange 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 foregoing rule change has become effective pursuant to Section
19(b)(3)(A) of the Act \8\ and paragraph (f) of Rule 19b-4 \9\
thereunder. At any time within 60 days of the filing of the proposed
rule change, the Commission summarily may temporarily suspend such rule
change if it appears to the Commission that such action is necessary or
appropriate in the public interest, for the protection of investors, or
otherwise in furtherance of the purposes of the Act. If the Commission
takes such action, the Commission will institute proceedings to
determine whether the proposed rule change should be approved or
disapproved.
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\8\ 15 U.S.C. 78s(b)(3)(A).
\9\ 17 CFR 240.19b-4(f).
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IV. Solicitation of Comments

Interested persons are invited to submit written data, views and
arguments concerning the foregoing, including whether the proposed rule
change is consistent with the Act. Comments may be submitted by any of
the following methods:

Electronic Comments

Use the Commission's Internet comment form (http://www.sec.gov/rules/sro.shtml); or
Send an email to rule-comments@sec.gov. Please include
File Number SR-CBOE-2015-049 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.

[[Page 30519]]

All submissions should refer to File Number SR-CBOE-2015-049. 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-CBOE-2015-049 and should be
submitted on or before June 18, 2015.

For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\10\
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\10\ 17 CFR 200.30-3(a)(12).
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Robert W. Errett,
Deputy Secretary.
[FR Doc. 2015-12828 Filed 5-27-15; 8:45 am]
BILLING CODE 8011-01-P

Federal Register / Vol. 80, No. 102 / Thursday, May 28, 2015 / Notices 30517

proposed rule change is consistent with A. Significantly affect the protection public in accordance with the
the Section 6(b)(5) 15 requirement that of investors or the public interest; provisions of 5 U.S.C. 552, will be
the rules of an exchange not be designed B. impose any significant burden on available for Web site viewing and
to permit unfair discrimination between competition; and printing in the Commission’s Public
customers, issuers, brokers, or dealers. C. become operative for 30 days from Reference Room, 100 F Street NE.,
In particular, the Exchange believes the date on which it was filed, or such Washington, DC 20549 on official
the proposed rule change will allow the shorter time as the Commission may business days between the hours of
Exchange to maintain an enhanced designate, it has become effective 10:00 a.m. and 3:00 p.m. Copies of the
audit trail with respect to open outcry pursuant to Section 19(b)(3)(A) of the filing also will be available for
complex order processing and SPX Act 16 and Rule 19b–4(f)(6) 17 inspection and copying at the principal
Combo Orders, which helps to protect thereunder. At any time within 60 days office of the Exchange. All comments
investors and the public interest of the filing of the proposed rule change, received will be posted without change;
because an enhanced audit trail the Commission summarily may the Commission does not edit personal
promotes transparency and aids in temporarily suspend such rule change if identifying information from
surveillance, as well as, provides the it appears to the Commission that such submissions. You should submit only
Exchange the ability to better enforce action is necessary or appropriate in the information that you wish to make
compliance by the Exchange’s TPHs public interest, for the protection of available publicly. All submissions
(and persons associated with its TPHs) investors, or otherwise in furtherance of should refer to File Number SR–CBOE–
with the Act, the rules and regulations the purposes of the Act. If the 2015–048 and should be submitted on
thereunder and the rules of the Commission takes such action, the or before June 12, 2015.
Exchange, thereby protecting investors. Commission will institute proceedings For the Commission, by the Division of
Additionally, the Exchange believes to determine whether the proposed rule Trading and Markets, pursuant to delegated
allowing TPHs to split orders across change should be approved or authority.18
multiple order tickets as proposed disapproved. Robert W. Errett,
would allow TPHs to more quickly and IV. Solicitation of Comments Deputy Secretary.
efficiently systematize and execute open [FR Doc. 2015–12832 Filed 5–27–15; 8:45 am]
outcry complex orders and SPX Combo Interested persons are invited to
BILLING CODE 8011–01–P
Orders, which helps to remove submit written data, views, and
impediments to and perfect the arguments concerning the foregoing,
mechanism of a free and open market. including whether the proposed rule SECURITIES AND EXCHANGE
Finally, the proposal to require TPHs to change is consistent with the Act. COMMISSION
use the fewest number of order tickets Comments may be submitted by any of
the following methods: [Release No. 34–75022; File No. SR–CBOE–
to systematize an order will prevent 2015–049]
TPHs from utilizing five order tickets, Electronic Comments
for example, when two would suffice, • Use the Commission’s Internet Self-Regulatory Organizations;
which aids in surveillance and provides comment form (http://www.sec.gov/ Chicago Board Options Exchange,
the Exchange the ability to better rules/sro.shtml); or Incorporated; Notice of Filing and
enforce compliance by TPHs. • Send an email to rule-comments@ Immediate Effectiveness of Proposed
sec.gov. Please include File Number SR– Rule Change To Amend the Fees
B. Self-Regulatory Organization’s
CBOE–2015–048 on the subject line. Schedule
Statement on Burden on Competition
Paper Comments May 21, 2015.
CBOE does not believe that the
Pursuant to Section 19(b)(1) of the
proposed rule change will impose any • Send paper comments in triplicate Securities Exchange Act of 1934
burden on competition that is not to Secretary, Securities and Exchange
necessary or appropriate in furtherance (‘‘Act’’),1 and Rule 19b–4 thereunder,2
Commission, 100 F Street NE., notice is hereby given that, on May 11,
of the purposes of the Act. The Washington, DC 20549–1090.
Exchange does not believe that the 2015, Chicago Board Options Exchange,
All submissions should refer to File Incorporated (the ‘‘Exchange’’ or
proposed rule change will impose any Number SR–CBOE–2015–048. This file
burden on intramarket or intermarket ‘‘CBOE’’) filed with the Securities and
number should be included on the Exchange Commission (‘‘Commission’’)
competition because the order ticket subject line if email is used. To help the
requirements will be applicable to all the proposed rule change as described
Commission process and review your in Items I, II, and III below, which Items
TPHs executing complex orders in open comments more efficiently, please use
outcry and SPX Combo Orders. have been prepared by the Exchange.
only one method. The Commission will The Commission is publishing this
C. Self-Regulatory Organization’s post all comments on the Commission’s notice to solicit comments on the
Statement on Comments on the Internet Web site (http://www.sec.gov/ proposed rule change from interested
Proposed Rule Change Received From rules/sro.shtml). Copies of the persons.
Members, Participants, or Others submission, all subsequent
amendments, all written statements I. Self-Regulatory Organization’s
The Exchange neither solicited nor with respect to the proposed rule Statement of the Terms of Substance of
received comments on the proposal. the Proposed Rule Change
asabaliauskas on DSK5VPTVN1PROD with NOTICES

change that are filed with the
III. Date of Effectiveness of the Commission, and all written The Exchange proposes to amend its
Proposed Rule Change and Timing for communications relating to the Fees Schedule. The text of the proposed
Commission Action proposed rule change between the rule change is available on the
Commission and any person, other than Exchange’s Web site (http://
Because the foregoing proposed rule those that may be withheld from the
change does not: 18 17 CFR 200.30–3(a)(12).
16 15 U.S.C. 78s(b)(3)(A). 1 15 U.S.C. 78s(b)(1).
15 Id. 17 17 CFR 240.19b–4(f)(6). 2 17 CFR 240.19b–4.

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30518 Federal Register / Vol. 80, No. 102 / Thursday, May 28, 2015 / Notices

www.cboe.com/AboutCBOE/ users time to become familiar with and any burden on competition that is not
CBOELegalRegulatoryHome.aspx), at fully acclimated to the new FBW necessary or appropriate in furtherance
the Exchange’s Office of the Secretary, workstation functionality. The Exchange of the purposes of the Act, because it
and at the Commission’s Public notes that after July 2015 (and absent an applies to all Trading Permit Holders.
Reference Room. applicable fee waiver noted above), The Exchange believes this proposal
TPHs will be charged each of $400 for will not cause an unnecessary burden
II. Self-Regulatory Organization’s
FBW and FBW2 (i.e., total of $800) if on intermarket competition because the
Statement of the Purpose of, and
such users continue to use both FBW proposal only affects trading on CBOE.
Statutory Basis for, the Proposed Rule
and FBW2. To the extent that the proposed changes
Change
2. Statutory Basis make CBOE a more attractive
In its filing with the Commission, the marketplace for market participants at
Exchange included statements The Exchange believes the proposed other exchanges, such market
concerning the purpose of and basis for rule change is consistent with the participants are welcome to become
the proposed rule change and discussed Securities Exchange Act of 1934 (the CBOE market participants.
any comments it received on the ‘‘Act’’) and the rules and regulations
proposed rule change. The text of these thereunder applicable to the Exchange C. Self-Regulatory Organization’s
statements may be examined at the and, in particular, the requirements of Statement on Comments on the
places specified in Item IV below. The Section 6(b) of the Act.5 Specifically, Proposed Rule Change Received From
Exchange has prepared summaries, set the Exchange believes the proposed rule Members, Participants, or Others
forth in sections A, B, and C below, of change is consistent with the Section The Exchange neither solicited nor
the most significant aspects of such 6(b)(5) 6 requirements that the rules of received comments on the proposed
statements. an exchange be designed to prevent rule change.
A. Self-Regulatory Organization’s fraudulent and manipulative acts and
practices, to promote just and equitable III. Date of Effectiveness of the
Statement of the Purpose of, and Proposed Rule Change and Timing for
Statutory Basis for, the Proposed Rule principles of trade, to foster cooperation
and coordination with persons engaged Commission Action
Change
in regulating, clearing, settling, The foregoing rule change has become
1. Purpose processing information with respect to, effective pursuant to Section 19(b)(3)(A)
The Exchange proposes to amend its and facilitation transactions in of the Act 8 and paragraph (f) of Rule
Fees Schedule, effective May 11, 2015. securities, to remove impediments to 19b–4 9 thereunder. At any time within
On January 2, 2015, the Exchange and perfect the mechanism of a free and 60 days of the filing of the proposed rule
established an FBW fee for an updated open market and a national market change, the Commission summarily may
version of FBW (‘‘FBW2’’), which the system, and, in general, to protect temporarily suspend such rule change if
Exchange had anticipated making investors and the public interest. it appears to the Commission that such
available shortly thereafter to all TPHs.3 Additionally, the Exchange believes the action is necessary or appropriate in the
The Exchange at that time also proposed proposed rule change is consistent with public interest, for the protection of
adopting a fee waiver for the months of Section 6(b)(4) of the Act,7 which investors, or otherwise in furtherance of
January and February 2015, as well as requires that Exchange rules provide for the purposes of the Act. If the
provide that, after March 1, 2015, the the equitable allocation of reasonable Commission takes such action, the
monthly fee for FBW2 login IDs would dues, fees, and other charges among its Commission will institute proceedings
be waived for the first month. The Trading Permit Holders and other to determine whether the proposed rule
launch of FBW2 however, was delayed persons using its facilities. change should be approved or
and as such the Exchange extended the In particular, the Exchange believes it disapproved.
fee waiver for the months of March and is reasonable to provide a waiver of
FBW2 fees for the months of May and IV. Solicitation of Comments
April 2015. Additionally, the Exchange
provided that after May 1, 2015 (instead June 2015 because it allows new users Interested persons are invited to
of March 1, 2015) the monthly fee for time to become familiar with and fully submit written data, views and
FBW2 login IDs would be waived for the acclimated to the new FBW arguments concerning the foregoing,
first month. The Exchange notes that to functionality and incentivizes the users including whether the proposed rule
date, FBW2 has not launched. The to begin this process as soon as the new change is consistent with the Act.
Exchange anticipates launching FBW2 functionality becomes available. The Comments may be submitted by any of
on May 11, 2015. In light of this delay, Exchange believes it is reasonable to the following methods:
the Exchange proposes to delete the provide a waiver for the first month for
Electronic Comments
now outdated language and extend the a new login ID beginning July 1, 2015,
fee waiver for the months of May and because it allows a new user after June • Use the Commission’s Internet
June 2015. Additionally, the Exchange 2015 to fully acclimate to the new FBW comment form (http://www.sec.gov/
will provide that after July 1, 2015 functionality. Additionally, the rules/sro.shtml); or
(instead of May 1, 2015) the monthly fee Exchange notes it is merely extending • Send an email to rule-comments@
for FBW2 login IDs will be waived for existing waivers to correspond with the sec.gov. Please include File Number SR–
the first month.4 The purpose of the delayed launch of FBW2. CBOE–2015–049 on the subject line.
asabaliauskas on DSK5VPTVN1PROD with NOTICES

proposed fee waivers is to give new Paper Comments
B. Self-Regulatory Organization’s
3 See Securities Exchange Act Release No. 74134 Statement on Burden on Competition • Send paper comments in triplicate
(January 26, 2015), 80 FR 20 [sic] (January 30, 2015) The Exchange does not believe that to Secretary, Securities and Exchange
(SR–CBOE–2015–005). The adopted fee for FBW2 is Commission, 100 F Street NE.,
the same as the existing FBW fee (i.e., $400 per
the proposed rule change will impose
month (per login ID). Washington, DC 20549–1090.
4 For example, if a user adds a new login ID in 5 15 U.S.C. 78f(b).
6 15 U.S.C. 78f(b)(5). 8 15 U.S.C. 78s(b)(3)(A).
July 2015, the user would receive a fee waiver for
that login ID for July 2015. 7 15 U.S.C. 78f(b)(4). 9 17 CFR 240.19b–4(f).

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Federal Register / Vol. 80, No. 102 / Thursday, May 28, 2015 / Notices 30519

All submissions should refer to File Securities Exchange Act of 1934 SECURITIES AND EXCHANGE
Number SR–CBOE–2015–049. This file (‘‘Act’’) 1 and Rule 19b–4 thereunder,2 a COMMISSION
number should be included on the proposed rule change to modify the
[Release No. 34–75023; File No. SR–
subject line if email is used. To help the Market Maker appointment and NYSEArca–2014–100]
Commission process and review your withdrawal process used by the
comments more efficiently, please use Exchange. The proposed rule change Self-Regulatory Organizations; NYSE
only one method. The Commission will was published for comment in the Arca, Inc.; Order Granting Approval of
post all comments on the Commission’s Federal Register on April 8, 2015.3 The Proposed Rule Change, as Modified by
Internet Web site (http://www.sec.gov/ Commission received no comment Amendment Nos. 1 and 2 Thereto,
rules/sro.shtml). Copies of the letters on the proposed rule change. Relating to the Listing and Trading of
submission, all subsequent Shares of the SPDR SSgA Global
amendments, all written statements Section 19(b)(2) of the Act 4 provides
Managed Volatility ETF Under NYSE
with respect to the proposed rule that within 45 days of the publication of
Arca Equities Rule 8.600
change that are filed with the notice of the filing of a proposed rule
Commission, and all written change, or within such longer period up May 21, 2015.
communications relating to the to 90 days as the Commission may
I. Introduction
proposed rule change between the designate if it finds such longer period
Commission and any person, other than to be appropriate and publishes its On September 5, 2014, NYSE Arca,
those that may be withheld from the reasons for so finding or as to which the Inc. (‘‘Exchange’’) filed with the
public in accordance with the self-regulatory organization consents, Securities and Exchange Commission
provisions of 5 U.S.C. 552, will be the Commission shall either approve the (‘‘Commission’’), pursuant to Section
available for Web site viewing and proposed rule change, disapprove the 19(b)(1) of the Securities Exchange Act
printing in the Commission’s Public proposed rule change, or institute of 1934 (‘‘Act’’) 1 and Rule 19b–4
Reference Room, 100 F Street NE., thereunder,2 a proposed rule change to
proceedings to determine whether the
Washington, DC 20549, on official list and trade shares (‘‘Shares’’) of the
proposed rule change should be
business days between the hours of SPDR SSgA Global Managed Volatility
disapproved. The 45th day for this filing ETF (‘‘Fund’’) under NYSE Arca
10:00 a.m. and 3:00 p.m. Copies of the is May 23, 2015. The Commission is
filing also will be available for Equities Rule 8.600, which governs the
extending this 45-day time period. listing and trading of Managed Fund
inspection and copying at the principal
office of the Exchange. All comments The Commission finds it appropriate Shares. The proposed rule change was
received will be posted without change; to designate a longer period within published for comment in the Federal
the Commission does not edit personal which to take action on the proposed Register on September 24, 2014.3 On
identifying information from rule change so that it has sufficient time November 4, 2014, pursuant to Section
submissions. You should submit only to consider this proposed rule change. 19(b)(2) of the Act,4 the Commission
information that you wish to make The proposed rule change, if approved, designated a longer period within which
available publicly. All submissions would modify the Market Maker to approve the proposed rule change,
should refer to File Number SR–CBOE– appointment and withdrawal process disapprove the proposed rule change, or
2015–049 and should be submitted on used by the Exchange. institute proceedings to determine
or before June 18, 2015. whether to disapprove the proposed
Accordingly, the Commission, rule change.5
For the Commission, by the Division of pursuant to Section 19(b)(2) of the Act,5 On December 22, 2014, the
Trading and Markets, pursuant to delegated designates July 7, 2015, as the date by
authority.10
Commission instituted proceedings
which the Commission should either under Section 19(b)(2)(B) of the Act 6 to
Robert W. Errett, approve or disapprove, or institute determine whether to approve or
Deputy Secretary. proceedings to determine whether to disapprove the proposed rule change.7
[FR Doc. 2015–12828 Filed 5–27–15; 8:45 am] disapprove, the proposed rule change In the Order Instituting Proceedings, the
BILLING CODE 8011–01–P (File No. SR–NYSEMKT–2015–17).
1 15 U.S.C. 78s(b)(1).
For the Commission, by the Division of 2 17 CFR 240.19b–4.
Trading and Markets, pursuant to delegated
SECURITIES AND EXCHANGE 3 See Securities Exchange Act Release No. 73141
authority.6 (Sept. 18, 2014), 79 FR 57161 (‘‘Notice’’).
COMMISSION
Robert W. Errett, 4 15 U.S.C. 78s(b)(2).

[Release No. 34–75033; File No. SR– 5 See Securities Exchange Act Release No. 73515,
Deputy Secretary.
NYSEMKT–2015–17] 79 FR 66758 (Nov. 10, 2014). The Commission
[FR Doc. 2015–12837 Filed 5–27–15; 8:45 am] designated a longer period within which to take
Self-Regulatory Organizations; NYSE BILLING CODE 8011–01–P action on the proposed rule change and designated
December 23, 2014, as the date by which it should
MKT LLC.; Notice of Designation of a approve, disapprove, or institute proceedings to
Longer Period for Commission Action determine whether to disapprove the proposed rule
on a Proposed Rule Change To Modify change.
the Appointment Process Utilized by 6 15 U.S.C. 78s(b)(2)(B).
7 See Securities Exchange Act Release No. 73914,
the Exchange
asabaliauskas on DSK5VPTVN1PROD with NOTICES

79 FR 78524 (Dec. 30, 2014) (‘‘Order Instituting
May 21, 2015. Proceedings’’). Specifically, the Commission
instituted proceedings to allow for additional
On March 20, 2015, NYSE MKT LLC, 1 15 U.S.C. 78s(b)(1). analysis of the proposed rule change’s consistency
(‘‘NYSE MKT’’ or ‘‘Exchange’’) filed 2 17 CFR 240.19b–4. with Section 6(b)(5) of the Act, which requires,
with the Securities and Exchange 3 See Securities Exchange Act Release No. 74636 among other things, that the rules of a national
Commission (the ‘‘Commission’’), (April 2, 2015), 80 FR 18884. securities exchange be ‘‘designed to prevent
fraudulent and manipulative acts and practices, to
pursuant to Section 19(b)(1) of the 4 15 U.S.C. 78s(b)(2).
promote just and equitable principles of trade,’’ and
5 Id.
‘‘to protect investors and the public interest.’’ See
10 17 CFR 200.30–3(a)(12). 6 17 CFR 200.30–3(a)(31). id., 79 FR at 78530.

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Document Created: 2018-02-21 10:33:17
Document Modified: 2018-02-21 10:33:17

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 30517