80 FR 41530 - Self-Regulatory Organizations; Miami International Securities Exchange LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Its Fee Schedule
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 80, Issue 135 (July 15, 2015)
Federal Register Volume 80, Issue 135 (July 15, 2015)
| Page Range | 41530-41532 | |
| FR Document | 2015-17296 |
[Federal Register Volume 80, Number 135 (Wednesday, July 15, 2015)] [Notices] [Pages 41530-41532] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2015-17296] ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION [Release No. 34-75408; File No. SR-MIAX-2015-45] Self-Regulatory Organizations; Miami International Securities Exchange LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Its Fee Schedule July 9, 2015. Pursuant to the provisions of Section 19(b)(1) of the Securities Exchange Act of 1934 (``Act''),\1\ and Rule 19b-4 thereunder,\2\ notice is hereby given that on July 7, 2015, Miami International Securities Exchange LLC (``MIAX'' or ``Exchange'') filed with the Securities and Exchange Commission (``Commission'') a proposed rule change as described in Items I, II, and III below, which Items have been prepared by the Exchange. The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons. --------------------------------------------------------------------------- \1\ 15 U.S.C. 78s(b)(1). \2\ 17 CFR 240.19b-4. --------------------------------------------------------------------------- I. Self-Regulatory Organization's Statement of the Terms of the Substance of the Proposed Rule Change The Exchange is filing a proposal to amend the MIAX Options Fee Schedule. The text of the proposed rule change is available on the Exchange's Web site at http://www.miaxoptions.com/filter/wotitle/rule_filing, at MIAX's principal office, and at the Commission's Public Reference Room. II. Self-Regulatory Organization's Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change In its filing with the Commission, the Exchange included statements concerning the purpose of and basis for the proposed rule change and discussed any comments it received on the proposed rule change. The text of these statements may be examined at the places specified in Item IV below. The Exchange has prepared summaries, set forth in sections A, B, and C below, of the most significant aspects of such statements. A. Self-Regulatory Organization's Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change 1. Purpose The Exchange proposes to amend the Fee Schedule to modify the transaction fees for Members that participate in the price improvement auction (``PRIME Auction'' or ``PRIME'') pursuant to Rule 515A.\3\ Specifically, the Exchange proposes: (i) Increase the fee for a PRIME AOC Response from $0.45 per contract to $0.49 per contract for standard options in Penny Pilot classes; (ii) increase the fee for a PRIME AOC Response from $0.90 per contract to $0.94 per contract for standard options in non-Penny Pilot classes; and (iii) provide for additional incentives for achieving certain Priority Customer Rebate Program volume tiers. --------------------------------------------------------------------------- \3\ See Exchange Rule 515A. See also Securities Exchange Act Release No.) 72943 (August 28, 2014), 79 FR 52785 (September 4, 2014) (SR-MIAX-2014-45); MIAX Options Fee Schedule, Section 1)a)iv). --------------------------------------------------------------------------- Currently, the Exchange assesses PRIME AOC Responses $0.45 per contract for standard options in Penny Pilot classes and $0.90 per contract in non-Penny Pilot classes. The Exchange now proposes to modify these fees that apply to PRIME AOC Responses. Specifically, the Exchange proposes: (i) Increase the fee for a PRIME AOC Response from $0.45 per contract to $0.49 per contract for standard options in Penny Pilot classes; and (ii) increase the fee for a PRIME AOC Response from $0.90 per contract to $0.94 per contract for standard options in non- Penny Pilot classes. The Exchange will continue to assess the standard transaction fees to a PRIME AOC Response if they execute against unrelated orders. The Exchange proposes to offer Members that submit PRIME AOC Responses the opportunity to reduce transaction fees by $0.04 per contract in standard options if the Member or its affiliates of at least 75% common ownership between the firms as reflected on each firm's Form BD, Schedule A, qualifies in a given month for Priority Customer Rebate Program volume tiers 3, 4, or 5 in the Fee Schedule. Specifically, any Member or its affiliates of at least 75% common ownership between the firms as reflected on each firm's Form BD, Schedule A, that qualifies for Priority Customer Rebate Program volume tiers 3, 4, or 5 will be assessed a PRIME AOC Response fee of $0.45 per contract for standard options in Penny Pilot classes. In addition, any Member or its affiliates of at least 75% common ownership [[Page 41531]] between the firms as reflected on each firm's Form BD, Schedule A, that qualifies for Priority Customer Rebate Program volume tiers 3, 4, or 5 will be assessed a PRIME AOC Response fee of $0.90 per contract for standard options in non-Penny Pilot classes. The Exchange believes that these incentives will encourage Members to transact a greater number of contracts on the Exchange. The Exchange notes that these incentives will operate identically to the Priority Customer Rebate Program incentives that apply to any Member or its affiliates of at least 75% common ownership between the firms as reflected on each firm's Form BD, Schedule A, that qualifies for Priority Customer Rebate Program volume tiers 3, 4, or 5 in other types of transaction fees.\4\ --------------------------------------------------------------------------- \4\ See MIAX Options Fee Schedule. --------------------------------------------------------------------------- The Exchange proposes to implement the proposed changes beginning July 1, 2015. 2. Statutory Basis The Exchange believes that its proposal to amend its fee schedule is consistent with Section 6(b) of the Act \5\ in general, and furthers the objectives of Section 6(b)(4) of the Act \6\ in particular, in that it is an equitable allocation of reasonable fees and other charges among Exchange members. --------------------------------------------------------------------------- \5\ 15 U.S.C. 78f(b). \6\ 15 U.S.C. 78f(b)(4). --------------------------------------------------------------------------- The Exchange's proposal to increase the transaction fees for Members that submit PRIME AOC Responses is reasonable because the Exchange's fees will remain competitive with fees at other options exchanges.\7\ The Exchange's proposal to increase the transaction fees for Members that submit PRIME AOC Responses is equitable and not unfairly discriminatory because the increase applies equally to all such market participants. The Exchange believes that the transaction fees for responding to the auction will not deter market participants from providing price improvement. In addition, the Exchange believes that it is reasonable to continue to assess lower transaction fees in penny option classes than non-penny option classes in a manner similar to the current fees.\8\ --------------------------------------------------------------------------- \7\ See e.g., NYSE Amex Options Fee Schedule; International Securities Exchange LLC Schedule of Fees; BOX Options Exchange Fee Schedule. \8\ See Securities Exchange Act Release No. 72989 (September 4, 2014), 79 FR 53792 (September 10, 2014) (SR-MIAX-2014-47). --------------------------------------------------------------------------- The Exchange's proposal to offer Members or its affiliates of at least 75% common ownership between the firms as reflected on each firm's Form BD, Schedule A, that qualifies for Priority Customer Rebate Program volume tiers 3, 4, or 5, that submit PRIME AOC Responses the opportunity to reduce transaction fees by $0.04 per contract in standard options, provided certain criteria are met, is reasonable because the Exchange desires to offer all such market participants an opportunity to lower their transaction fees. The Exchange's proposal to offer Members or its affiliates of at least 75% common ownership between the firms as reflected on each firm's Form BD, Schedule A, that qualifies for Priority Customer Rebate Program volume tiers 3, 4, or 5, that submit PRIME AOC Responses the opportunity to reduce transaction fees by $0.04 per contract in standard options, provided certain criteria are met, is equitable and not unfairly discriminatory because the Exchange will offer all market participants a means to reduce transaction fees by qualifying for volume tiers in the Priority Customer Rebate Program. The Exchange believes that offering all such market participants the opportunity to lower transaction fees by incentivizing them to transact Priority Customer order flow in turn benefits all market participants. To the extent that there is higher transaction fees assessed on market participants without Priority Customer order flow, the Exchange believes that this is appropriate because the proposal should incent Members to direct additional order flow to the Exchange and thus provide additional liquidity that enhances the quality of its markets and increases the volume of contracts traded here. To the extent that this purpose is achieved, all the Exchange's market participants should benefit from the improved market liquidity. Enhanced market quality and increased transaction volume that results from the anticipated increase in order flow directed to the Exchange will benefit all market participants and improve competition on the Exchange. The Exchange believes that the proposal to allow the aggregation of trading activity of separate Members or its affiliates for purposes of the fee reduction is fair, equitable and not unreasonably discriminatory. The Exchange believes the proposed rule change is reasonable because it would allow aggregation of the trading activity of separate Members or its affiliates for purposes of the fee reduction only in very narrow circumstances, namely, where the firm is an affiliate, as defined herein. Furthermore, other exchanges, as well as MIAX, have rules that permit the aggregation of the trading activity of affiliated entities for the purposes of calculating and assessing certain fees. The Exchange believes that offering all such market participants the opportunity to lower transaction fees by incentivizing them to transact Priority Customer order flow in turn benefits all market participants. B. Self-Regulatory Organization's Statement on Burden on Competition The Exchange does not believe that the proposed rule change will impose any burden on competition not necessary or appropriate in furtherance of the purposes of the Act. The Exchange believes that the proposed change will enhance the competiveness of the Exchange relative to other exchanges that offer their own electronic crossing mechanism. The Exchange believes that the proposed fees are not going to have an impact on intra-market competition based on the total cost for participants to transact as respondents to the Auction as compared to the cost for participants to engage in non-Auction electronic transactions on the Exchange. As noted above, the Exchange believes that the proposed pricing for the PRIME Auction is comparable to that of other exchanges offering similar electronic price improvement mechanisms, and the Exchange believes that market participants understand that the price-improving benefits, based on their experience with electronic price improvement crossing mechanisms on other markets, offered by the Auction justify and offset the transaction costs associated with Auction. To the extent that there is a difference between non-Auction transactions fees and Auction transactions fees, the Exchange does not believe this difference will cause participants to refrain from responding to Auctions. In addition, the Exchange does not believe that the proposed transaction fees and credits burden competition by creating a disparity of transaction fees between the PRIME Order and the transaction fees that a responder pays would result in certain participants being unable to compete with the Contra-side Order. The Exchange expects to see robust competition within the PRIME Auction, despite the apparent differences in non-Auction fees versus Auction response fees. To the extent that there is additional competitive burden on market participants without Priority Customer order flow, the Exchange believes that this is appropriate because the proposal should incent Members to direct additional order flow to the Exchange and thus provide additional liquidity [[Page 41532]] that enhances the quality of its markets and increases the volume of contracts traded here. To the extent that this purpose is achieved, all the Exchange's market participants should benefit from the improved market liquidity. Enhanced market quality and increased transaction volume that results from the anticipated increase in order flow directed to the Exchange will benefit all market participants and improve competition on the Exchange. The Exchange notes that it operates in a highly competitive market in which market participants can readily favor competing venues if they deem fee levels at a particular venue to be excessive. In such an environment, the Exchange must continually adjust its fees to remain competitive with other exchanges and to attract order flow to the Exchange. The Exchange believes that the proposed rule change reflects this competitive environment because it establishes a fee structure in a manner that encourages market participants to direct their order flow, to provide liquidity, and to attract additional transaction volume to the Exchange. C. Self-Regulatory Organization's Statement on Comments on the Proposed Rule Change Received From Members, Participants, or Others Written comments were neither solicited nor received. III. Date of Effectiveness of the Proposed Rule Change and Timing for Commission Action The foregoing rule change has become effective pursuant to Section 19(b)(3)(A)(ii) of the Act.\9\ 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. --------------------------------------------------------------------------- \9\ 15 U.S.C. 78s(b)(3)(A)(ii). --------------------------------------------------------------------------- IV. Solicitation of Comments Interested persons are invited to submit written data, views, and arguments concerning the foregoing, including whether the proposed rule change is consistent with the Act. Comments may be submitted by any of the following methods: Electronic CommentsUse the Commission's Internet comment form (http://www.sec.gov/rules/sro.shtml); or Send an email to rule-comments@sec.gov. Please include File Number SR-MIAX-2015-45 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-MIAX-2015-45. This file number should be included on the subject line if email is used. To help the Commission process and review your comments more efficiently, please use only one method. The Commission will post all comments on the Commission's Internet Web site (http://www.sec.gov/rules/sro.shtml). Copies of the submission, all subsequent amendments, all written statements with respect to the proposed rule change that are filed with the Commission, and all written communications relating to the proposed rule change between the Commission and any person, other than those that may be withheld from the public in accordance with the provisions of 5 U.S.C. 552, will be available for Web site viewing and printing in the Commission's Public Reference Room, 100 F Street NE., Washington, DC 20549 on official business days between the hours of 10:00 a.m. and 3:00 p.m. Copies of such filing also will be available for inspection and copying at the principal office of the Exchange. All comments received will be posted without change; the Commission does not edit personal identifying information from submissions. You should submit only information that you wish to make available publicly. All submissions should refer to File Number SR-MIAX-2015-45, and should be submitted on or before August 5, 2015. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.\10\ --------------------------------------------------------------------------- \10\ 17 CFR 200.30-3(a)(12). --------------------------------------------------------------------------- Brent J. Fields, Secretary. [FR Doc. 2015-17296 Filed 7-14-15; 8:45 am] BILLING CODE 8011-01-P
![41530 Federal Register / Vol. 80, No. 135 / Wednesday, July 15, 2015 / Notices
investors, or otherwise in furtherance of For the Commission, by the Division of A. Self-Regulatory Organization’s
the purposes of the Act. Trading and Markets, pursuant to delegated Statement of the Purpose of, and
authority.10 Statutory Basis for, the Proposed Rule
IV. Solicitation of Comments Brent J. Fields, Change
Secretary.
Interested persons are invited to 1. Purpose
[FR Doc. 2015–17297 Filed 7–14–15; 8:45 am]
submit written data, views, and
BILLING CODE 8011–01–P The Exchange proposes to amend the
arguments concerning the foregoing,
Fee Schedule to modify the transaction
including whether the proposed rule fees for Members that participate in the
change is consistent with the Act. SECURITIES AND EXCHANGE price improvement auction (‘‘PRIME
Comments may be submitted by any of COMMISSION Auction’’ or ‘‘PRIME’’) pursuant to Rule
the following methods: 515A.3 Specifically, the Exchange
[Release No. 34–75408; File No. SR–MIAX–
Electronic Comments 2015–45] proposes: (i) Increase the fee for a
PRIME AOC Response from $0.45 per
• Use the Commission’s Internet Self-Regulatory Organizations; Miami contract to $0.49 per contract for
comment form (http://www.sec.gov/ International Securities Exchange LLC; standard options in Penny Pilot classes;
rules/sro.shtml); or Notice of Filing and Immediate (ii) increase the fee for a PRIME AOC
• Send an email to rule-comments@ Effectiveness of a Proposed Rule Response from $0.90 per contract to
sec.gov. Please include File Number SR– Change To Amend Its Fee Schedule $0.94 per contract for standard options
in non-Penny Pilot classes; and (iii)
BX–2015–038 on the subject line. July 9, 2015. provide for additional incentives for
Paper Comments Pursuant to the provisions of Section achieving certain Priority Customer
19(b)(1) of the Securities Exchange Act Rebate Program volume tiers.
• Send paper comments in triplicate of 1934 (‘‘Act’’),1 and Rule 19b–4 Currently, the Exchange assesses
to Secretary, Securities and Exchange thereunder,2 notice is hereby given that PRIME AOC Responses $0.45 per
Commission, 100 F Street NE., on July 7, 2015, Miami International contract for standard options in Penny
Washington, DC 20549–1090. Securities Exchange LLC (‘‘MIAX’’ or Pilot classes and $0.90 per contract in
‘‘Exchange’’) filed with the Securities non-Penny Pilot classes. The Exchange
All submissions should refer to File and Exchange Commission
Number SR–BX–2015–038. This file now proposes to modify these fees that
(‘‘Commission’’) a proposed rule change apply to PRIME AOC Responses.
number should be included on the as described in Items I, II, and III below, Specifically, the Exchange proposes: (i)
subject line if email is used. To help the which Items have been prepared by the Increase the fee for a PRIME AOC
Commission process and review your Exchange. The Commission is Response from $0.45 per contract to
comments more efficiently, please use publishing this notice to solicit $0.49 per contract for standard options
only one method. The Commission will comments on the proposed rule change in Penny Pilot classes; and (ii) increase
post all comments on the Commission’s from interested persons. the fee for a PRIME AOC Response from
Internet Web site (http://www.sec.gov/ $0.90 per contract to $0.94 per contract
rules/sro.shtml). Copies of the I. Self-Regulatory Organization’s
Statement of the Terms of the Substance for standard options in non-Penny Pilot
submission, all subsequent classes. The Exchange will continue to
of the Proposed Rule Change
amendments, all written statements assess the standard transaction fees to a
with respect to the proposed rule The Exchange is filing a proposal to PRIME AOC Response if they execute
change that are filed with the amend the MIAX Options Fee Schedule. against unrelated orders.
Commission, and all written The text of the proposed rule change The Exchange proposes to offer
communications relating to the is available on the Exchange’s Web site Members that submit PRIME AOC
proposed rule change between the at http://www.miaxoptions.com/filter/ Responses the opportunity to reduce
Commission and any person, other than wotitle/rule_filing, at MIAX’s principal transaction fees by $0.04 per contract in
office, and at the Commission’s Public standard options if the Member or its
those that may be withheld from the
Reference Room. affiliates of at least 75% common
public in accordance with the
provisions of 5 U.S.C. 552, will be II. Self-Regulatory Organization’s ownership between the firms as
available for Web site viewing and Statement of the Purpose of, and reflected on each firm’s Form BD,
printing in the Commission’s Public Statutory Basis for, the Proposed Rule Schedule A, qualifies in a given month
Reference Room, 100 F Street NE., Change for Priority Customer Rebate Program
Washington, DC 20549 on official volume tiers 3, 4, or 5 in the Fee
In its filing with the Commission, the Schedule. Specifically, any Member or
business days between the hours of Exchange included statements its affiliates of at least 75% common
10:00 a.m. and 3:00 p.m. Copies of such concerning the purpose of and basis for ownership between the firms as
filing also will be available for the proposed rule change and discussed reflected on each firm’s Form BD,
inspection and copying at the principal any comments it received on the Schedule A, that qualifies for Priority
offices of the Exchange. All comments proposed rule change. The text of these Customer Rebate Program volume tiers
received will be posted without change; statements may be examined at the 3, 4, or 5 will be assessed a PRIME AOC
the Commission does not edit personal places specified in Item IV below. The Response fee of $0.45 per contract for
mstockstill on DSK4VPTVN1PROD with NOTICES
identifying information from Exchange has prepared summaries, set standard options in Penny Pilot classes.
submissions. You should submit only forth in sections A, B, and C below, of In addition, any Member or its affiliates
information that you wish to make the most significant aspects of such of at least 75% common ownership
available publicly. All submissions statements.
should refer to File Number SR–BX– 10 17
3 See Exchange Rule 515A. See also Securities
CFR 200.30–3(a)(12). Exchange Act Release No.) 72943 (August 28, 2014),
2015–038, and should be submitted on 1 15 U.S.C. 78s(b)(1).
79 FR 52785 (September 4, 2014) (SR–MIAX–2014–
or before August 5, 2015. 2 17 CFR 240.19b–4. 45); MIAX Options Fee Schedule, Section 1)a)iv).
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![41532 Federal Register / Vol. 80, No. 135 / Wednesday, July 15, 2015 / Notices
that enhances the quality of its markets Electronic Comments SECURITIES AND EXCHANGE
and increases the volume of contracts COMMISSION
traded here. To the extent that this • Use the Commission’s Internet
comment form (http://www.sec.gov/ [Release No. 34–75407; File No. SR–BYX–
purpose is achieved, all the Exchange’s 2015–30]
market participants should benefit from rules/sro.shtml); or
the improved market liquidity. • Send an email to rule-comments@ Self-Regulatory Organizations; BATS
Enhanced market quality and increased sec.gov. Please include File Number SR– Y-Exchange, Inc.; Notice of Filing and
transaction volume that results from the MIAX–2015–45 on the subject line. Immediate Effectiveness of a Proposed
anticipated increase in order flow Rule Change To Amend the Market
directed to the Exchange will benefit all Paper Comments
Data Section of Its Fee Schedule
market participants and improve
• Send paper comments in triplicate July 9, 2015.
competition on the Exchange.
to Brent J. Fields, Secretary, Securities Pursuant to Section 19(b)(1) of the
The Exchange notes that it operates in and Exchange Commission, 100 F Street
a highly competitive market in which Securities Exchange Act of 1934 (the
NE., Washington, DC 20549–1090. ‘‘Act’’),1 and Rule 19b–4 thereunder,2
market participants can readily favor
competing venues if they deem fee All submissions should refer to File notice is hereby given that on July 1,
levels at a particular venue to be Number SR–MIAX–2015–45. This file 2015, BATS Y-Exchange, Inc. (the
excessive. In such an environment, the number should be included on the ‘‘Exchange’’ or ‘‘BYX’’) filed with the
Exchange must continually adjust its subject line if email is used. To help the Securities and Exchange Commission
fees to remain competitive with other Commission process and review your (‘‘Commission’’) the proposed rule
exchanges and to attract order flow to change as described in Items I, II, and
comments more efficiently, please use
the Exchange. The Exchange believes III below, which Items have been
only one method. The Commission will
that the proposed rule change reflects prepared by the Exchange. The
post all comments on the Commission’s
this competitive environment because it Exchange has designated the proposed
Internet Web site (http://www.sec.gov/ rule change as one establishing or
establishes a fee structure in a manner rules/sro.shtml).
that encourages market participants to changing a member due, fee, or other
Copies of the submission, all charge imposed by the Exchange under
direct their order flow, to provide
subsequent amendments, all written Section 19(b)(3)(A)(ii) of the Act 3 and
liquidity, and to attract additional
transaction volume to the Exchange. statements with respect to the proposed Rule 19b–4(f)(2) thereunder,4 which
rule change that are filed with the renders the proposed rule change
C. Self-Regulatory Organization’s Commission, and all written effective upon filing with the
Statement on Comments on the communications relating to the Commission. The Commission is
Proposed Rule Change Received From proposed rule change between the publishing this notice to solicit
Members, Participants, or Others Commission and any person, other than comments on the proposed rule change
those that may be withheld from the from interested persons.
Written comments were neither
solicited nor received. public in accordance with the I. Self-Regulatory Organization’s
provisions of 5 U.S.C. 552, will be Statement of the Terms of the Substance
III. Date of Effectiveness of the available for Web site viewing and of the Proposed Rule Change
Proposed Rule Change and Timing for printing in the Commission’s Public
Commission Action The Exchange filed a proposal to
Reference Room, 100 F Street NE., amend the Market Data section of its fee
The foregoing rule change has become Washington, DC 20549 on official schedule to: (i) Adopt User fees, an
effective pursuant to Section business days between the hours of Enterprise fee, and a Digital Media
19(b)(3)(A)(ii) of the Act.9 At any time 10:00 a.m. and 3:00 p.m. Copies of such Enterprise fee for the BYX Top and BYX
within 60 days of the filing of the filing also will be available for Last Sale feeds; and (ii) make a non-
proposed rule change, the Commission inspection and copying at the principal substantive change to the description of
summarily may temporarily suspend office of the Exchange. All comments the BATS One Feed Enterprise Fee as
such rule change if it appears to the received will be posted without change; well as correct a cross-reference within
Commission that such action is the Commission does not edit personal the definition of ‘‘Non-Professional
necessary or appropriate in the public identifying information from User’’.
interest, for the protection of investors, submissions. You should submit only The text of the proposed rule change
or otherwise in furtherance of the information that you wish to make is available at the Exchange’s Web site
purposes of the Act. If the Commission available publicly. All submissions at www.batstrading.com, at the
takes such action, the Commission shall should refer to File Number SR–MIAX– principal office of the Exchange, and at
institute proceedings to determine 2015–45, and should be submitted on or the Commission’s Public Reference
whether the proposed rule should be before August 5, 2015. Room.
approved or disapproved. II. Self-Regulatory Organization’s
For the Commission, by the Division of
IV. Solicitation of Comments Trading and Markets, pursuant to delegated Statement of the Purpose of, and
authority.10 Statutory Basis for, the Proposed Rule
Interested persons are invited to Brent J. Fields, Change
submit written data, views, and
mstockstill on DSK4VPTVN1PROD with NOTICES
Secretary. In its filing with the Commission, the
arguments concerning the foregoing, Exchange included statements
[FR Doc. 2015–17296 Filed 7–14–15; 8:45 am]
including whether the proposed rule concerning the purpose of and basis for
change is consistent with the Act. BILLING CODE 8011–01–P
Comments may be submitted by any of 1 15 U.S.C. 78s(b)(1).
the following methods: 2 17 CFR 240.19b–4.
3 15 U.S.C. 78s(b)(3)(A)(ii).
9 15 U.S.C. 78s(b)(3)(A)(ii). 10 17 CFR 200.30–3(a)(12). 4 17 CFR 240.19b–4(f)(2).
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Document Created: 2015-12-15 13:32:11
Document Modified: 2015-12-15 13:32:11
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
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| Section | Notices | |
| FR Citation | 80 FR 41530 |
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