80 FR 33316 - Self-Regulatory Organizations; EDGA Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Rule 13.9 Describing a Communication and Routing Service Known as BATS Connect

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 80, Issue 112 (June 11, 2015)

Page Range		33316-33318
FR Document		2015-14241
Federal Register, Volume 80 Issue 112 (Thursday, June 11, 2015)
[Federal Register Volume 80, Number 112 (Thursday, June 11, 2015)]
[Notices]
[Pages 33316-33318]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-14241]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-75112; File No. SR-EDGA-2015-20]


Self-Regulatory Organizations; EDGA Exchange, Inc.; Notice of 
Filing and Immediate Effectiveness of a Proposed Rule Change to Rule 
13.9 Describing a Communication and Routing Service Known as BATS 
Connect

June 5, 2015.
    Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 
(the ``Act''),\1\ and Rule 19b-4 thereunder,\2\ notice is hereby given 
that on May 27, 2015, EDGA Exchange, Inc. (the ``Exchange'' or 
``EDGA'') filed with the Securities and Exchange Commission 
(``Commission'') the proposed rule change as described in Items I and 
II below, which Items have been prepared by the Exchange. The Exchange 
has designated this proposal as a ``non-controversial'' proposed rule 
change pursuant to Section 19(b)(3)(A) of the Act \3\ and Rule 19b-
4(f)(6)(iii) thereunder,\4\ which renders it effective upon filing with 
the Commission. 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.
    \3\ 15 U.S.C. 78s(b)(3)(A).
    \4\ 17 CFR 240.19b-4(f)(6)(iii).
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I. Self-Regulatory Organization's Statement of the Terms of Substance 
of the Proposed Rule Change

    The Exchange is proposing to amend Rule 13.9 to describe a 
communication and routing service known as BATS Connect. The proposed 
rule change is based on an identical service offered by the Exchange's 
affiliate, EDGX Exchange, Inc. (``EDGX'').\5\
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    \5\ See EDGX Rule 13.9. See also Securities Exchange Act Release 
Nos. 73780 (December 8, 2014), 79 FR 73942 (December 12, 2014) (SR-
EDGX-2014-28); and 74935 (May 12, 2015), 80 FR 28335 (May 18, 2015) 
(SR-EDGX-2015-19).
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    The text of the proposed rule change is available at the Exchange's 
Web site at www.batstrading.com, at the principal office of the 
Exchange, and at the Commission's Public Reference Room.

[[Page 33317]]

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 parts 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 Rule 13.9 to describe a 
communication and routing service known as BATS Connect. The Exchange 
proposes to offer BATS Connect on a voluntary basis in a capacity 
similar to a vendor. BATS Connect would operate in the same fashion as 
an identical service, also called BATS Connect, offered by the 
Exchange's affiliate, EDGX.\6\ BATS Connect is a communication service 
that provides Members \7\ an additional means to receive market data 
from and route orders to any destination connected to Exchange's 
network. BATS Connect does not provide any advantage to subscribers for 
connecting to the Exchange's affiliates \8\ as compared to other method 
of connectivity available to subscribers. The servers of the 
participant need not be located in the same facilities as the Exchange 
in order to subscribe to BATS Connect. Participants may also seek to 
utilize BATS Connect in the event of a market disruption where other 
alternative connection methods become unavailable.
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    \6\ See supra note 5.
    \7\ The term ``Member'' is defined as ``any registered broker or 
dealer, or any person associated with a registered broker or dealer, 
that has been admitted to membership in the Exchange. A Member will 
have the status of a ``member'' of the Exchange as that term is 
defined in Section 3(a)(3) of the Act.'' See Exchange Rule 1.5(n).
    \8\ The Exchange's affiliated exchanges are EDGX, BATS Exchange, 
Inc., and BATS Y-Exchange, Inc. The Exchange understands that its 
affiliated Exchange's intend to file identical proposed rule changes 
to adopt the BATS Connect service with the Commission.
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    Specifically, this service would allow participants to route orders 
to other exchanges and market centers that are connected to the 
Exchange's network. This communications or routing service would not 
effect trade executions and would not report trades to the relevant 
Securities Information Processor. An order sent via the service does 
not pass through the Exchange's matching engine before going to a 
market center outside of the Exchange (i.e., a participant could choose 
to route an order directly to any market center on the Exchange's 
network). A participant would be responsible for identifying the 
appropriate destination for any orders sent through the service and for 
ensuring that it had authority to access the selected destination; the 
Exchange would merely provide the connectivity by which orders (and 
associated messages) could be routed by a participant to a destination 
and from the destination back to the participant.\9\
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    \9\ This service is an alternative to a service that the 
Exchange already provides to its Members--current order-sending 
Members route orders through access provided by the Exchange to the 
Exchange that either check the Exchange for available liquidity and 
then route to other destinations or, in certain circumstances, 
bypass the Exchange and route to other destinations. See Exchange 
Rule 11.11(g) (setting forth routing options whereby Members may 
select their orders be routed to other market centers).
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    The Exchange will charge a monthly connectivity fee to Members 
utilizing BATS Connect to route orders to other exchanges and broker-
dealers that are connected to the Exchange's network. BATS Connect 
would also allow participants to receive market data feeds from the 
exchanges connected to the Exchange's network. The Exchange will file a 
separate proposed rule change with the Commission regarding the 
connectivity fees for order entry and market data to be charged for the 
BATS Connect service.\10\
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    \10\ The Exchange understands that its affiliated exchanges 
intend to file identical proposed rule changes to adopt fees for the 
BATS Connect service with the Commission.
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2. Statutory Basis
    The Exchange believes that its proposal is consistent with the 
requirements of Section 6(b) of the Act,\11\ in general, and Section 
6(b)(5) of the Act,\12\ in particular, in that it promotes just and 
equitable principles of trade, removes impediments to, and perfect the 
mechanism of, a free and open market and a national market system, and, 
in general, protects investors and the public interest. Specifically, 
the proposal is consistent with Section 6(b)(5) of the Act,\13\ in that 
it provides Members an alternative means to receive market data from 
and route orders to any destination connected to the Exchange's 
network, thereby removing impediments to and perfecting the mechanism 
of a free and open market and a national market system, and, in 
general, protecting investors and the public interest. In addition, 
BATS Connect removes impediments to and perfects the mechanism of a 
free and open market and a national market system because, in the event 
of a market disruption, Members would be able to utilize BATS Connect 
to connect to other market centers where other alternative connection 
methods become unavailable. BATS Connect would operate in the same 
fashion as an identical service, also called BATS Connect, offered by 
the Exchange's affiliate, EDGX.\14\ The proposed rule change is also 
similar to a communication and routing service implemented by the 
Chicago Stock Exchange, Inc. (``CHX'').\15\ The proposed rule change 
will also not permit unfair discrimination among customers, brokers, or 
dealers because BATS Connect will be available to all of the Exchange's 
customers on an equivalent basis regardless of whether the servers of 
the Member are located in the same facilities as the Exchange.
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    \11\ 15 U.S.C. 78f(b).
    \12\ 15 U.S.C. 78f(b)(5).
    \13\ Id.
    \14\ See supra note 5.
    \15\ See Securities Exchange Act Release No. 54846 (November 30, 
2006), 71 FR 71003 (December 7, 2006) (SR-CHX-2006-34) (Notice of 
Filing and Immediate Effectiveness of Proposed Rule Change Regarding 
the Implementation of a Communication and Routing Service).
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(B) Self-Regulatory Organization's Statement on Burden on Competition

    The Exchange does not believe that the proposed rule change will 
result in any burden on competition that is not necessary or 
appropriate in furtherance of the purposes of the Act. To the contrary, 
the Exchange believes that the proposal will promote competition by the 
Exchange offering a service similar to those offered by the CHX and 
NYSE.\16\ Thus, the Exchange believes this proposed rule change is 
necessary to permit fair competition among national securities 
exchanges. In addition, the proposed rule change is designed to provide 
Members with an alternative means to access other market centers if 
they chose or in the event of a market disruption where other 
alternative connection methods become unavailable. Therefore, the 
Exchange does not believe the proposed rule change will have any effect 
on competition.
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    \16\ See NYSE's SFTI Americas Product and Service List available 
at http://www.nyxdata.com/docs/connectivity. See supra note 15.

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[[Page 33318]]

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

    The Exchange has neither solicited nor received written comments on 
the proposed rule change.

III. Date of Effectiveness of the Proposed Rule Change and Timing for 
Commission Action

    Because the proposed rule change does not (i) significantly affect 
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, the proposed rule change has become effective 
pursuant to Section 19(b)(3)(A) of the Act and Rule 19b-4(f)(6) 
thereunder.\17\
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    \17\ In addition, Rule 19b-4(f)(6)(iii) requires the Exchange to 
give the Commission written notice of the Exchange's intent to file 
the proposed rule change, along with a brief description and text of 
the proposed rule change, at least five business days prior to the 
date of filing of the proposed rule change, or such shorter time as 
designated by the Commission. The Exchange has satisfied this 
requirement.
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    A proposed rule change filed pursuant to Rule 19b-4(f)(6) under the 
Act normally does not become operative for 30 days after the date of 
its filing. However, Rule 19b-4(f)(6)(iii) permits the Commission to 
designate a shorter time if such action is consistent with the 
protection of investors and the public interest. The Exchange has asked 
the Commission to waive the 30-day operative delay so that the proposal 
may become operative immediately upon filing. Waiver of the 30-day 
operative delay would permit the Exchange to provide Members with an 
alternative means to access other market centers, particularly in the 
event of a market disruption. In addition, the Exchange represents that 
BATS Connect does not provide any advantage to subscribers for 
connecting to the Exchange's affiliates as compared to other methods of 
connectivity available to subscribers.\18\ Based on the foregoing, the 
Commission believes the waiver of the operative delay is consistent 
with the protection of investors and the public interest.\19\ The 
Commission hereby grants the waiver and designates the proposal 
operative upon filing.
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    \18\ See supra note 8.
    \19\ For purposes only of waiving the 30-day operative delay, 
the Commission has also considered the proposed rule's impact on 
efficiency, competition, and capital formation. See 15 U.S.C. 
78c(f).
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    At any time within 60 days of the filing of the proposed rule 
change, the Commission summarily may temporarily suspend such rule 
change if it appears to the Commission that such action is necessary or 
appropriate in the public interest, for the protection of investors, or 
otherwise in furtherance of the purposes of the Act. If the Commission 
takes such action, the Commission shall institute proceedings to 
determine whether the proposed rule should be approved or disapproved.

IV. Solicitation of Comments

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

Electronic Comments

     Use 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-EDGA-2015-20 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-EDGA-2015-20. 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 will also 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-EDGA-2015-20 and should be 
submitted on or before July 2, 2015.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\20\
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    \20\ 17 CFR 200.30-3(a)(12).

Robert W. Errett,
Deputy Secretary.
[FR Doc. 2015-14241 Filed 6-10-15; 8:45 am]
BILLING CODE 8011-01-P
33316 Federal Register / Vol. 80, No. 112 / Thursday, June 11, 2015 / Notices

Interested persons are invited to b. What sources of pricing For the Commission, by the Division of
submit written data, views, and information (both intraday and end-of- Trading and Markets, pursuant to delegated
arguments regarding whether the day) are available for centrally-cleared authority.59
proposal, as modified by Amendment OTC Derivatives? What sources of Robert W. Errett,
No. 1 thereto, should be approved or pricing information (both intraday and Deputy Secretary.
disapproved by July 2, 2015. Any end-of-day) are available for non- [FR Doc. 2015–14242 Filed 6–10–15; 8:45 am]
person who wishes to file a rebuttal to centrally-cleared OTC Derivatives? Do BILLING CODE 8011–01–P
any other person’s submission must file the answers to these questions depend
that rebuttal by July 16, 2015. The upon the underlying reference asset?
Commission asks that commenters Comments may be submitted by any SECURITIES AND EXCHANGE
address the sufficiency of the of the following methods: COMMISSION
Exchange’s statements in support of the [Release No. 34–75112; File No. SR–EDGA–
proposal, which are set forth in Electronic Comments 2015–20]
Amendment No. 1,57 in addition to any
other comments they may wish to • Use the Commission’s Internet Self-Regulatory Organizations; EDGA
submit about the proposed rule change. comment form (http://www.sec.gov/ Exchange, Inc.; Notice of Filing and
In particular, the Commission seeks rules/sro.shtml); or Immediate Effectiveness of a Proposed
comment on the following: • Send an email to rule-comments@ Rule Change to Rule 13.9 Describing a
1. In general, do commenters believe sec.gov. Please include File Number SR– Communication and Routing Service
that the proposed listing requirements NYSEArca–2015–02 on the subject line. Known as BATS Connect
are adequate to deter manipulation of
the price of generically listed Managed Paper Comments June 5, 2015.
Fund Shares and other trading abuses? Pursuant to Section 19(b)(1) of the
• Send paper comments in triplicate Securities Exchange Act of 1934 (the
If so, why? If not, why not? to Secretary, Securities and Exchange
2. The Exchange proposes to require ‘‘Act’’),1 and Rule 19b–4 thereunder,2
Commission, 100 F Street NE., notice is hereby given that on May 27,
that, to qualify for generic listing, the Washington, DC 20549–1090. 2015, EDGA Exchange, Inc. (the
portfolio underlying the Managed Fund
All submissions should refer to File ‘‘Exchange’’ or ‘‘EDGA’’) filed with the
Shares must not hold more than certain
Number SR–NYSEArca–2015–02. This Securities and Exchange Commission
percentages of OTC Derivatives,
file number should be included on the (‘‘Commission’’) the proposed rule
specifically: No more than 60% of the
subject line if email is used. To help the change as described in Items I and II
value of the underlying portfolio may
Commission process and review your below, which Items have been prepared
consist of OTC Derivatives,58 and no
comments more efficiently, please use by the Exchange. The Exchange has
more than 20% of the value of the
only one method. The Commission will designated this proposal as a ‘‘non-
underlying portfolio may consist of OTC
controversial’’ proposed rule change
Derivatives that are not centrally- post all comments on the Commission’s
pursuant to Section 19(b)(3)(A) of the
cleared. Internet Web site (http://www.sec.gov/
Act 3 and Rule 19b–4(f)(6)(iii)
a. ETF arbitrage mechanisms rules/sro.shtml). Copies of the
thereunder,4 which renders it effective
generally are designed to maintain submission, all subsequent
upon filing with the Commission. The
alignment between intraday trading amendments, all written statements
Commission is publishing this notice to
prices of ETF shares and the with respect to the proposed rule
solicit comments on the proposed rule
contemporaneous value of the change that are filed with the
change from interested persons.
underlying portfolio. Are the proposed Commission, and all written
limits for OTC Derivatives sufficient to communications relating to the I. Self-Regulatory Organization’s
support effective and efficient arbitrage proposed rule change between the Statement of the Terms of Substance of
activity in generically listed Managed Commission and any person, other than the Proposed Rule Change
Fund Shares? Will the proposed limits those that may be withheld from the The Exchange is proposing to amend
on OTC Derivatives facilitate alignment public in accordance with the Rule 13.9 to describe a communication
of the secondary market price of provisions of 5 U.S.C. 552, will be and routing service known as BATS
generically listed Managed Fund Shares available for Web site viewing and Connect. The proposed rule change is
with the value of their underlying printing in the Commission’s Public based on an identical service offered by
portfolio? Why or why not? Are Reference Room, 100 F Street NE., the Exchange’s affiliate, EDGX
different percentages more appropriate? Washington, DC 20549, on official Exchange, Inc. (‘‘EDGX’’).5
If so, what should they be and why? business days between the hours of The text of the proposed rule change
10:00 a.m. and 3:00 p.m. Copies of the is available at the Exchange’s Web site
flexibility to determine what type of proceeding— filing also will be available for at www.batstrading.com, at the
either oral or notice and opportunity for written inspection and copying at the principal principal office of the Exchange, and at
comments—is appropriate for consideration of a office of the Exchange. All comments the Commission’s Public Reference
particular proposal by a self-regulatory
organization. See Securities Act Amendments of
received will be posted without change; Room.
1975, Senate Comm. on Banking, Housing & Urban the Commission does not edit personal
Affairs, S. Rep. No. 75, 94th Cong., 1st Sess. 30 identifying information from 59 17 CFR 200.30–3(a)(12) and 17 CFR 200.30–

(1975). submissions. You should submit only 3(a)(57).
mstockstill on DSK4VPTVN1PROD with NOTICES

57 See supra note 9. 1 15 U.S.C. 78s(b)(1).

58 The Exchange states that currently there are
information that you wish to make 2 17 CFR 240.19b–4.

five categories of swaps eligible for central
available publicly. All submissions 3 15 U.S.C. 78s(b)(3)(A).

clearing—interest rate swaps; credit default swaps; should refer to File Number SR– 4 17 CFR 240.19b–4(f)(6)(iii).

foreign exchange swaps; equity swaps; and NYSEArca–2015–02 and should be 5 See EDGX Rule 13.9. See also Securities
commodity swaps—and that the following entities submitted on or before July 2, 2015. Exchange Act Release Nos. 73780 (December 8,
provide central clearing for OTC derivatives: ICE 2014), 79 FR 73942 (December 12, 2014) (SR–
Clear Credit (US); ICE Clear (EU); CME Group;
Rebuttal comments should be submitted EDGX–2014–28); and 74935 (May 12, 2015), 80 FR
LCH.Clearnet; and Eurex. See supra note 49. by July 16, 2015. 28335 (May 18, 2015) (SR–EDGX–2015–19).

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33318 Federal Register / Vol. 80, No. 112 / Thursday, June 11, 2015 / Notices

(C) Self-Regulatory Organization’s Commission summarily may available publicly. All submissions
Statement on Comments on the temporarily suspend such rule change if should refer to File Number SR–EDGA–
Proposed Rule Change Received From it appears to the Commission that such 2015–20 and should be submitted on or
Members, Participants or Others action is necessary or appropriate in the before July 2, 2015.
The Exchange has neither solicited public interest, for the protection of For the Commission, by the Division of
nor received written comments on the investors, or otherwise in furtherance of Trading and Markets, pursuant to delegated
proposed rule change. the purposes of the Act. If the authority.20
Commission takes such action, the Robert W. Errett,
III. Date of Effectiveness of the Commission shall institute proceedings
Proposed Rule Change and Timing for Deputy Secretary.
to determine whether the proposed rule
Commission Action [FR Doc. 2015–14241 Filed 6–10–15; 8:45 am]
should be approved or disapproved.
BILLING CODE 8011–01–P
Because the proposed rule change IV. Solicitation of Comments
does not (i) significantly affect the
protection of investors or the public Interested persons are invited to
submit written data, views, and SECURITIES AND EXCHANGE
interest; (ii) impose any significant COMMISSION
burden on competition; and (iii) become arguments concerning the foregoing,
operative for 30 days from the date on including whether the proposed rule
Submission for OMB Review;
which it was filed, or such shorter time change is consistent with the Act.
Comment Request
as the Commission may designate, the Comments may be submitted by any of
proposed rule change has become the following methods: Upon Written Request, Copies Available
effective pursuant to Section 19(b)(3)(A) From: Securities and Exchange
Electronic Comments
of the Act and Rule 19b–4(f)(6) Commission, Office of FOIA Services,
• Use the Commission’s Internet 100 F Street NE., Washington, DC
thereunder.17 comment form (http://www.sec.gov/
A proposed rule change filed 20549–2736.
rules/sro.shtml); or Extension:
pursuant to Rule 19b–4(f)(6) under the • Send an email to rule-comments@ Rule 17f–6; OMB Control No. 3235–0447,
Act normally does not become operative sec.gov. Please include File Number SR– SEC File No. 270–392.
for 30 days after the date of its filing. EDGA–2015–20 on the subject line.
However, Rule 19b–4(f)(6)(iii) permits Notice is hereby given that, under the
the Commission to designate a shorter Paper Comments Paperwork Reduction Act of 1995 (44
U.S.C. 3501–3520), the Securities and
time if such action is consistent with the • Send paper comments in triplicate Exchange Commission (the
protection of investors and the public to Brent J. Fields, Secretary, Securities
interest. The Exchange has asked the ‘‘Commission’’) has submitted to the
and Exchange Commission, 100 F Street Office of Management and Budget a
Commission to waive the 30-day NE., Washington, DC 20549–1090.
operative delay so that the proposal may request for extension of the previously
All submissions should refer to File approved collection of information
become operative immediately upon Number SR–EDGA–2015–20. This file
filing. Waiver of the 30-day operative discussed below.
number should be included on the Rule 17f–6 (17 CFR 270.17f–6) under
delay would permit the Exchange to subject line if email is used. To help the the Investment Company Act of 1940
provide Members with an alternative Commission process and review your (15 U.S.C. 80a) permits registered
means to access other market centers, comments more efficiently, please use investment companies (‘‘funds’’) to
particularly in the event of a market only one method. The Commission will maintain assets (i.e., margin) with
disruption. In addition, the Exchange post all comments on the Commission’s futures commission merchants
represents that BATS Connect does not Internet Web site (http://www.sec.gov/ (‘‘FCMs’’) in connection with
provide any advantage to subscribers for rules/sro.shtml). Copies of the commodity transactions effected on
connecting to the Exchange’s affiliates submission, all subsequent both domestic and foreign exchanges.
as compared to other methods of amendments, all written statements Before the rule was adopted, funds
connectivity available to subscribers.18 with respect to the proposed rule generally were required to maintain
Based on the foregoing, the Commission change that are filed with the such assets in special accounts with a
believes the waiver of the operative Commission, and all written custodian bank.
delay is consistent with the protection communications relating to the The rule requires a written contract
of investors and the public interest.19 proposed rule change between the that contains certain provisions
The Commission hereby grants the Commission and any person, other than designed to ensure important safeguards
waiver and designates the proposal those that may be withheld from the and other benefits relating to the
operative upon filing. public in accordance with the custody of fund assets by FCMs. To
At any time within 60 days of the provisions of 5 U.S.C. 552, will be protect fund assets, the contract must
filing of the proposed rule change, the available for Web site viewing and require that FCMs comply with the
17 In addition, Rule 19b–4(f)(6)(iii) requires the
printing in the Commission’s Public segregation or secured amount
Exchange to give the Commission written notice of
Reference Room, 100 F Street NE., requirements of the Commodity
the Exchange’s intent to file the proposed rule Washington, DC 20549, on official Exchange Act (‘‘CEA’’) and the rules
change, along with a brief description and text of business days between the hours of under that statute. The contract also
the proposed rule change, at least five business days 10:00 a.m. and 3:00 p.m. Copies of the must contain a requirement that FCMs
prior to the date of filing of the proposed rule
mstockstill on DSK4VPTVN1PROD with NOTICES

change, or such shorter time as designated by the
filing will also be available for obtain an acknowledgment from any
Commission. The Exchange has satisfied this inspection and copying at the principal clearing organization that the fund’s
requirement. office of the Exchange. All comments assets are held on behalf of the FCM’s
18 See supra note 8.
received will be posted without change; customers according to CEA provisions.
19 For purposes only of waiving the 30-day
the Commission does not edit personal Because rule 17f–6 does not impose
operative delay, the Commission has also
considered the proposed rule’s impact on
identifying information from any ongoing obligations on funds or
efficiency, competition, and capital formation. See submissions. You should submit only
15 U.S.C. 78c(f). information that you wish to make 20 17 CFR 200.30–3(a)(12).

VerDate Sep<11>2014 17:06 Jun 10, 2015 Jkt 235001 PO 00000 Frm 00091 Fmt 4703 Sfmt 4703 E:\FR\FM\11JNN1.SGM 11JNN1
Document Created: 2015-12-15 15:07:04
Document Modified: 2015-12-15 15:07:04
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 33316