80 FR 39815 - Self-Regulatory Organizations; C2 Options Exchange, Incorporated; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Correct an Inaccurate Rule Reference

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 80, Issue 132 (July 10, 2015)

Page Range		39815-39816
FR Document		2015-16862
Federal Register, Volume 80 Issue 132 (Friday, July 10, 2015)
[Federal Register Volume 80, Number 132 (Friday, July 10, 2015)]
[Notices]
[Pages 39815-39816]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-16862]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-75367; File No. SR-C2-2015-017]


Self-Regulatory Organizations; C2 Options Exchange, Incorporated; 
Notice of Filing and Immediate Effectiveness of a Proposed Rule Change 
To Correct an Inaccurate Rule Reference

July 6, 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 June 24, 2015, C2 Options Exchange, Incorporated (the 
``Exchange'' or ``C2'') filed with the Securities and Exchange 
Commission (the ``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 correct an inaccurate rule reference in 
its Fees Schedule. The text of the proposed rule change is available on 
the Exchange's Web site (http://www.c2exchange.com/Legal/), 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 the 
Statutory Basis for, the Proposed Rule Change

1. Purpose
    The Exchange proposes to make an administrative change to correct 
an incorrect rule reference in its Fees Schedule. Specifically, the 
Exchange notes it recently streamlined part of its Fees Schedule by 
consolidating certain sections in order to make the Fees Schedule 
easier to read.\3\ In doing so, the Exchange had to renumber Section 1C 
to current Section 1B. The Exchange notes however, that it 
inadvertently did not make a corresponding change to the text in 
current Section 1B. Specifically, Section 1B still references Section 
1C in two places. The Exchange seeks to fix this error and insert the 
correct reference (i.e., ``Section 1B''). No substantive changes are 
being made by the proposed rule change.
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    \3\ See Securities Exchange Act Release No. 74733 (April 15, 
2015), 80 FR 76 [sic] (April 21, 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.\4\ Specifically, the 
Exchange believes the proposed rule change is consistent with the 
Section 6(b)(5) \5\ 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 facilitating 
transactions in securities, to remove impediments to and perfect the 
mechanism of a free and open market and a national market system, and, 
in general, to protect investors and the public interest.
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    \4\ 15 U.S.C. 78f(b).
    \5\ 15 U.S.C. 78f(b)(5).
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    The Exchange believes correcting an inaccurate rule reference will 
help to avoid confusion, thereby removing impediments to and perfecting 
the mechanism of a free and open market and a national market system. 
Additionally, the Exchange notes that no substantive changes are being 
made by the proposed rule change.

B. Self-Regulatory Organization's Statement on Burden on Competition

    C2 does not believe that the proposed rule change will impose any 
burden on intramarket or intermarket competition that is not necessary 
or appropriate in furtherance of the purposes of the Act. The proposed 
change to correct an inaccurate rule reference and alleviate confusion 
is not intended for competitive reasons and only applies to C2. The 
Exchange also notes that no rights or obligations of Permit Holders are 
affected by the change.

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)

[[Page 39816]]

of the Act \6\ and paragraph (f) of Rule 19b-4 \7\ 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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    \6\ 15 U.S.C. 78s(b)(3)(A).
    \7\ 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 [email protected]. Please include 
File Number SR-C2-2015-017 on the subject line.

Paper Comments

     Send paper comments in triplicate to Secretary, Securities 
and Exchange Commission, 100 F Street NE., Washington, DC 20549-1090.

All submissions should refer to File Number SR-C2-2015-017. 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-C2-2015-017, and should be 
submitted on or before July 31, 2015.
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    \8\ 17 CFR 200.30-3(a)(12).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\8\
Brent J. Fields,
Secretary.
[FR Doc. 2015-16862 Filed 7-9-15; 8:45 am]
 BILLING CODE 8011-01-P
Federal Register / Vol. 80, No. 132 / Friday, July 10, 2015 / Notices 39815

Commission, 100 F Street NE., ‘‘Act’’),1 and Rule 19b–4 thereunder,2 reference (i.e., ‘‘Section 1B’’). No
Washington, DC 20549–1090. notice is hereby given that on June 24, substantive changes are being made by
All submissions should refer to File 2015, C2 Options Exchange, the proposed rule change.
Number SR–FINRA–2015–023. This file Incorporated (the ‘‘Exchange’’ or ‘‘C2’’)
2. Statutory Basis
number should be included on the filed with the Securities and Exchange
subject line if email is used. To help the Commission (the ‘‘Commission’’) the The Exchange believes the proposed
Commission process and review your proposed rule change as described in rule change is consistent with the
comments more efficiently, please use Items I, II, and III below, which Items Securities Exchange Act of 1934 (the
only one method. The Commission will have been prepared by the Exchange. ‘‘Act’’) and the rules and regulations
post all comments on the Commission’s The Commission is publishing this thereunder applicable to the Exchange
Internet Web site (http://www.sec.gov/ notice to solicit comments on the and, in particular, the requirements of
rules/sro.shtml). Copies of the proposed rule change from interested Section 6(b) of the Act.4 Specifically,
submission, all subsequent persons. the Exchange believes the proposed rule
amendments, all written statements change is consistent with the Section
I. Self-Regulatory Organization’s
with respect to the proposed rule 6(b)(5) 5 requirements that the rules of
Statement of the Terms of Substance of
change that are filed with the an exchange be designed to prevent
the Proposed Rule Change
Commission, and all written fraudulent and manipulative acts and
The Exchange proposes to correct an practices, to promote just and equitable
communications relating to the
inaccurate rule reference in its Fees principles of trade, to foster cooperation
proposed rule change between the Schedule. The text of the proposed rule
Commission and any person, other than and coordination with persons engaged
change is available on the Exchange’s in regulating, clearing, settling,
those that may be withheld from the Web site (http://www.c2exchange.com/
public in accordance with the processing information with respect to,
Legal/), at the Exchange’s Office of the and facilitating transactions in
provisions of 5 U.S.C. 552, will be Secretary, and at the Commission’s
available for Web site viewing and securities, to remove impediments to
Public Reference Room. and perfect the mechanism of a free and
printing in the Commission’s Public
Reference Room, 100 F Street NE., II. Self-Regulatory Organization’s open market and a national market
Washington, DC 20549 on official Statement of the Purpose of, and system, and, in general, to protect
business days between the hours of Statutory Basis for, the Proposed Rule investors and the public interest.
10:00 a.m. and 3:00 p.m. Copies of such Change The Exchange believes correcting an
filing also will be available for inaccurate rule reference will help to
In its filing with the Commission, the avoid confusion, thereby removing
inspection and copying at the principal Exchange included statements
offices of FINRA. All comments impediments to and perfecting the
concerning the purpose of and basis for mechanism of a free and open market
received will be posted without change; the proposed rule change and discussed
the Commission does not edit personal and a national market system.
any comments it received on the Additionally, the Exchange notes that
identifying information from proposed rule change. The text of these
submissions. You should submit only no substantive changes are being made
statements may be examined at the by the proposed rule change.
information that you wish to places specified in Item IV below. The
makeavailable publicly. All submissions Exchange has prepared summaries, set B. Self-Regulatory Organization’s
should refer to File Number SR–FINRA– forth in sections A, B, and C below, of Statement on Burden on Competition
2015–023, and should be submitted on the most significant aspects of such C2 does not believe that the proposed
or before July 31, 2015. statements. rule change will impose any burden on
For the Commission, by the Division of A. Self-Regulatory Organization’s intramarket or intermarket competition
Trading and Markets, pursuant to delegated that is not necessary or appropriate in
Statement of the Purpose of, and the
authority.34 furtherance of the purposes of the Act.
Statutory Basis for, the Proposed Rule
Brent J. Fields, The proposed change to correct an
Change
Secretary. inaccurate rule reference and alleviate
[FR Doc. 2015–16860 Filed 7–9–15; 8:45 am] 1. Purpose confusion is not intended for
BILLING CODE 8011–01–P The Exchange proposes to make an competitive reasons and only applies to
administrative change to correct an C2. The Exchange also notes that no
incorrect rule reference in its Fees rights or obligations of Permit Holders
SECURITIES AND EXCHANGE Schedule. Specifically, the Exchange are affected by the change.
COMMISSION notes it recently streamlined part of its
C. Self-Regulatory Organization’s
Fees Schedule by consolidating certain
Statement on Comments on the
[Release No. 34–75367; File No. SR–C2– sections in order to make the Fees
Proposed Rule Change Received From
2015–017] Schedule easier to read.3 In doing so,
Members, Participants, or Others
the Exchange had to renumber Section
Self-Regulatory Organizations; C2 1C to current Section 1B. The Exchange The Exchange neither solicited nor
Options Exchange, Incorporated; notes however, that it inadvertently did received comments on the proposed
Notice of Filing and Immediate not make a corresponding change to the rule change.
Effectiveness of a Proposed Rule text in current Section 1B. Specifically, III. Date of Effectiveness of the
mstockstill on DSK4VPTVN1PROD with NOTICES

Change To Correct an Inaccurate Rule Section 1B still references Section 1C in
Reference Proposed Rule Change and Timing for
two places. The Exchange seeks to fix Commission Action
July 6, 2015. this error and insert the correct
The foregoing rule change has become
Pursuant to Section 19(b)(1) of the 1 15 effective pursuant to Section 19(b)(3)(A)
U.S.C. 78s(b)(1).
Securities Exchange Act of 1934 (the 2 17
CFR 240.19b–4.
3 See Securities Exchange Act Release No. 74733 4 15 U.S.C. 78f(b).
34 17 CFR 200.30–3(a)(12). (April 15, 2015), 80 FR 76 [sic] (April 21, 2015). 5 15 U.S.C. 78f(b)(5).

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39816 Federal Register / Vol. 80, No. 132 / Friday, July 10, 2015 / Notices

of the Act 6 and paragraph (f) of Rule inspection and copying at the principal platform (‘‘BATS Options’’). The
19b–4 7 thereunder. At any time within office of the Exchange. All comments proposed rule change is based on the
60 days of the filing of the proposed rule received will be posted without change; operation of similar order types
change, the Commission summarily may the Commission does not edit personal currently offered by the Nasdaq Stock
temporarily suspend such rule change if identifying information from Market LLC (‘‘Nasdaq’’) and Nasdaq
it appears to the Commission that such submissions. You should submit only OMX BX, Inc. (‘‘BX’’).5
action is necessary or appropriate in the information that you wish to make The text of the proposed rule change
public interest, for the protection of available publicly. All submissions is available at the Exchange’s Web site
investors, or otherwise in furtherance of should refer to File Number SR–C2– at www.batstrading.com, at the
the purposes of the Act. If the 2015–017, and should be submitted on principal office of the Exchange, and at
Commission takes such action, the or before July 31, 2015. the Commission’s Public Reference
Commission will institute proceedings For the Commission, by the Division of
Room.
to determine whether the proposed rule Trading and Markets, pursuant to delegated II. Self-Regulatory Organization’s
change should be approved or authority.8 Statement of the Purpose of, and
disapproved. Brent J. Fields, Statutory Basis for, the Proposed Rule
IV. Solicitation of Comments Secretary. Change
[FR Doc. 2015–16862 Filed 7–9–15; 8:45 am] In its filing with the Commission, the
Interested persons are invited to
BILLING CODE 8011–01–P Exchange included statements
submit written data, views, and
arguments concerning the foregoing, concerning the purpose of and basis for
including whether the proposed rule the proposed rule change and discussed
SECURITIES AND EXCHANGE any comments it received on the
change is consistent with the Act. COMMISSION
Comments may be submitted by any of proposed rule change. The text of these
the following methods: [Release No. 34–75360; File No. SR–BATS– statements may be examined at the
2015–51] places specified in Item IV below. The
Electronic Comments Exchange has prepared summaries, set
• Use the Commission’s Internet Self-Regulatory Organizations; BATS forth in sections A, B, and C below, of
comment form (http://www.sec.gov/ Exchange, Inc.; Notice of Filing and the most significant parts of such
rules/sro.shtml); or Immediate Effectiveness of a Proposed statements.
• Send an email to rule-comments@ Rule Change to Rule 21.1(d)(9), (h) and
(i) To Modify the Operation of BATS (A) Self-Regulatory Organization’s
sec.gov. Please include File Number SR–
Post Only Orders on the Exchange’s Statement of the Purpose of, and
C2–2015–017 on the subject line.
Options Platform Statutory Basis for, the Proposed Rule
Paper Comments Change
• Send paper comments in triplicate July 6, 2015.
Pursuant to section 19(b)(1) of the 1. Purpose
to Secretary, Securities and Exchange
Securities Exchange Act of 1934 (the The Exchange is proposing to amend
Commission, 100 F Street NE.,
‘‘Act’’),1 and Rule 19b–4 thereunder,2 Rules 21.1(d)(9), (h) and (i) to modify
Washington, DC 20549–1090.
notice is hereby given that on June 30, the operation of BATS Post Only Orders
All submissions should refer to File that are subject to the Price Adjust
2015, BATS Exchange, Inc. (the
Number SR–C2–2015–017. This file process on BATS Options. The
‘‘Exchange’’ or ‘‘BATS’’) filed with the
number should be included on the proposed rule change is based on the
Securities and Exchange Commission
subject line if email is used. To help the operation of similar order types
(‘‘Commission’’) the proposed rule
Commission process and review your currently offered by Nasdaq and BX.6
change as described in Items I and II
comments more efficiently, please use BATS Post Only Orders are orders
below, which Items have been prepared
only one method. The Commission will that are to be ranked and executed on
by the Exchange. The Exchange has
post all comments on the Commission’s the Exchange pursuant to Rule 21.8
designated this proposal as a ‘‘non-
Internet Web site (http://www.sec.gov/ (Order Display and Book Processing) or
controversial’’ proposed rule change
rules/sro.shtml). Copies of the cancelled, as appropriate, without
pursuant to section 19(b)(3)(A) of the
submission, all subsequent routing away to another trading center.
Act 3 and Rule 19b–4(f)(6)(iii)
amendments, all written statements Currently, a BATS Post Only Order will
thereunder,4 which renders it effective
with respect to the proposed rule not remove liquidity from the BATS
upon filing with the Commission. The
change that are filed with the Options Book 7 unless the value of price
Commission is publishing this notice to
Commission, and all written improvement associated with such
solicit comments on the proposed rule
communications relating to the execution equals or exceeds the sum of
change from interested persons.
proposed rule change between the fees charged for such execution and the
Commission and any person, other than I. Self-Regulatory Organization’s value of any rebate that would be
those that may be withheld from the Statement of the Terms of Substance of
public in accordance with the the Proposed Rule Change 5 See the description of Post-Only Orders under

provisions of 5 U.S.C. 552, will be The Exchange filed a proposal to chapter VI, section 1(e)(11) of the Nasdaq Rules and
available for Web site viewing and chapter VI, section 1(e)(10) of the BX Rules. See
amend Rules 21.1(d)(9), (h) and (i) to also Securities Exchange Act Release No. 65761
printing in the Commission’s Public modify the operation of BATS Post Only (November 16, 2011), 76 FR 72230 (November 22,
mstockstill on DSK4VPTVN1PROD with NOTICES

Reference Room, 100 F Street NE., Orders subject to the Price Adjust 2011) (SR–Nasdaq–2011–152) (Notice of Filing and
Washington, DC 20549, on official process on the Exchange’s options Immediate Effectiveness of Proposed Rule Change
business days between the hours of to Adopt a ‘‘Post-Only’’ Order Type). See also NYSE
Arca, Inc. (‘‘NYSE Arca’’) Rule 6.62(y) for a
10:00 a.m. and 3:00 p.m. Copies of the 8 17 CFR 200.30–3(a)(12). description of PNP Plus orders.
filing also will be available for 1 15 U.S.C. 78s(b)(1). 6 See supra note 5.
2 17 CFR 240.19b–4. 7 ‘‘BATS Options Book’’ is defined as ‘‘the
6 15 U.S.C. 78s(b)(3)(A). 3 15 U.S.C. 78s(b)(3)(A).
electronic book of options orders maintained by the
7 17 CFR 240.19b–4(f). 4 17 CFR 240.19b–4(f)(6)(iii). Trading System.’’ See Exchange Rule 16.1(a)(9).

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Document Created: 2018-02-23 09:15:36
Document Modified: 2018-02-23 09:15:36
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 39815