80_FR_43289 80 FR 43150 - Self-Regulatory Organizations; EDGA Exchange, Inc.; Notice of Withdrawal of Proposed Rule Change, as Modified by Amendment No. 1, To Amend Rules 11.6, 11.8, 11.9, 11.10 and 11.11 of EDGA Exchange, Inc.

80 FR 43150 - Self-Regulatory Organizations; EDGA Exchange, Inc.; Notice of Withdrawal of Proposed Rule Change, as Modified by Amendment No. 1, To Amend Rules 11.6, 11.8, 11.9, 11.10 and 11.11 of EDGA Exchange, Inc.

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 80, Issue 139 (July 21, 2015)

Page Range43150-43151
FR Document2015-17758

Federal Register, Volume 80 Issue 139 (Tuesday, July 21, 2015) 
[Federal Register Volume 80, Number 139 (Tuesday, July 21, 2015)]
[Notices]
[Pages 43150-43151]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-17758]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-75459; File No. SR-EDGA-2015-10]


Self-Regulatory Organizations; EDGA Exchange, Inc.; Notice of 
Withdrawal of Proposed Rule Change, as Modified by Amendment No. 1, To 
Amend Rules 11.6, 11.8, 11.9, 11.10 and 11.11 of EDGA Exchange, Inc.

July 15, 2015.
    On February 20, 2015, EDGA Exchange, Inc. (``Exchange'' or 
``EDGA'') filed with the Securities and Exchange Commission 
(``Commission''), pursuant to Section 19(b)(1) of the Securities 
Exchange Act of 1934 (``Act'') \1\ and Rule 19b-4 thereunder,\2\ a 
proposed rule change to amend Rules 11.6, 11.8, 11.9, 11.10 and 11.11 
to clarify and to include additional specificity regarding the current 
functionality of the Exchange's system, including the operation of its 
order types and order instructions. On February 27, 2015, the Exchange 
filed Amendment No. 1 to the proposal.\3\ The proposed rule change, as 
modified by Amendment No. 1, was published for comment in the Federal 
Register on March 10, 2015.\4\ On April 17, 2015, the Commission 
extended the time period in which to either approve or disapprove the 
proposed rule change, as modified by Amendment No. 1, to June 8, 
2015.\5\ The Commission received no comment letters on the proposed 
rule change, as modified by Amendment No. 1. On June 5, 2015, EDGA 
withdrew the proposed rule change, as modified by Amendment No. 1 (SR-
EDGA-2015-10).
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ Amendment No. 1 replaced SR-EDGA-2015-10 and superseded such 
filing in its entirety.
    \4\ See Securities Exchange Act Release No. 74435 (March 4, 
2015), 80 FR 12655.
    \5\ See Securities Exchange Act Release No. 74763 (April 17, 
2015), 80 FR 22751 (April 23, 2015).


[[Page 43151]]


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    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\6\
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    \6\ 17 CFR 200.30-3(a)(12).
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Robert W. Errett,
Deputy Secretary.
[FR Doc. 2015-17758 Filed 7-20-15; 8:45 am]
 BILLING CODE 8011-01-P

43150 Federal Register / Vol. 80, No. 139 / Tuesday, July 21, 2015 / Notices A proposed rule change filed under Commission summarily may 2015–05 and should be submitted on or Rule 19b–4(f)(6) normally does not temporarily suspend such rule change if before August 11, 2015. become operative until 30 days after the it appears to the Commission that such For the Commission, pursuant to delegated date of filing.10 However, Rule 19b– action is necessary or appropriate in the authority.18 4(f)(6)(iii) 11 permits the Commission to public interest, for the protection of designate a shorter time if such action Robert W. Errett, investors, or otherwise in furtherance of is consistent with the protection of the purposes of the Act. Deputy Secretary. investors and the public interest.12 The [FR Doc. 2015–17779 Filed 7–20–15; 8:45 am] MSRB has requested that the IV. Solicitation of Comments BILLING CODE 8011–01–P Commission designate the proposed Interested persons are invited to rule change operative upon filing,13 as submit written data, views, and specified in Rule 19b–4(f)(6)(iii),14 arguments concerning the foregoing, SECURITIES AND EXCHANGE which would make the proposed rule including whether the proposed rule COMMISSION change operative on June 30, 2015. The change is consistent with the Act. MSRB has stated that an earlier Comments may be submitted by any of [Release No. 34–75459; File No. SR–EDGA– operative date would provide the following methods: 2015–10] underwriters with certainty regarding the due date of their first submission on Electronic Comments Self-Regulatory Organizations; EDGA Form G–45.15 The Commission hereby grants the • Use the Commission’s Internet Exchange, Inc.; Notice of Withdrawal comment form (http://www.sec.gov/ of Proposed Rule Change, as Modified MSRB’s request and believes that rules/sro.shtml); or by Amendment No. 1, To Amend Rules designating the proposed rule change • Send an email to rule-comments@ 11.6, 11.8, 11.9, 11.10 and 11.11 of operative upon filing is consistent with the protection of investors and the sec.gov. Please include File Number SR– EDGA Exchange, Inc. public interest.16 According to the MSRB–2015–05 on the subject line. July 15, 2015. MSRB, Rule G–45 is designed to enable Paper Comments the MSRB to collect reliable information On February 20, 2015, EDGA about 529 plans solely for regulatory • Send paper comments in triplicate Exchange, Inc. (‘‘Exchange’’ or ‘‘EDGA’’) purposes and to analyze that to Secretary, Securities and Exchange filed with the Securities and Exchange information to better understand the Commission, 100 F Street NE., Commission (‘‘Commission’’), pursuant market and the manner in which assets Washington, DC 20549. to Section 19(b)(1) of the Securities are invested.17 The Commission All submissions should refer to File Exchange Act of 1934 (‘‘Act’’) 1 and Rule believes that designating the proposed Number SR–MSRB–2015–05. This file 19b–4 thereunder,2 a proposed rule rule change operative upon filing is number should be included on the change to amend Rules 11.6, 11.8, 11.9, consistent with the protection of subject line if email is used. To help the 11.10 and 11.11 to clarify and to include investors and the public interest Commission process and review your additional specificity regarding the because it will provide underwriters comments more efficiently, please use current functionality of the Exchange’s with certainty regarding the due date of only one method. The Commission will system, including the operation of its their initial Form G–45 submission, as post all comments on the Commission’s order types and order instructions. On well as help ensure that the MSRB February 27, 2015, the Exchange filed Internet Web site (http://www.sec.gov/ receives reliable, complete and accurate Amendment No. 1 to the proposal.3 The rules/sro.shtml). Copies of the filings on Form G–45. In addition, the submission, all subsequent proposed rule change, as modified by proposed rule change is not making any amendments, all written statements Amendment No. 1, was published for substantive changes to MSRB rules; it is with respect to the proposed rule comment in the Federal Register on only extending the deadline under Rule change that are filed with the March 10, 2015.4 On April 17, 2015, the G–45 for initial submissions of Form G– Commission, and all written Commission extended the time period 45 by 60 days, until October 28, 2015. communications relating to the in which to either approve or Therefore, the Commission hereby proposed rule change between the disapprove the proposed rule change, as designates the proposed rule change operative upon filing. Commission and any person, other than modified by Amendment No. 1, to June At any time within 60 days of the those that may be withheld from the 8, 2015.5 The Commission received no filing of the proposed rule change, the public in accordance with the comment letters on the proposed rule provisions of 5 U.S.C. 552, will be change, as modified by Amendment No. 10 Id. available for Web site viewing and 1. On June 5, 2015, EDGA withdrew the 11 17 CFR 240.19b–4(f)(6)(iii). printing in the Commission’s Public proposed rule change, as modified by 12 In addition, Rule 19b–4(f)(6)(iii) requires a self- Reference Room, 100 F Street NE., regulatory organization to give the Commission Amendment No. 1 (SR–EDGA–2015– Washington, DC 20549 on official written notice of its intent to file a proposed rule business days between the hours of 10). change, along with a brief description and text of such proposed rule change, at least five business 10:00 a.m. and 3:00 p.m. Copies of the days prior to the date of filing, or such shorter time filing also will be available for as designated by the Commission. The MSRB inspection and copying at the principal asabaliauskas on DSK5VPTVN1PROD with NOTICES satisfied this requirement on June 23, 2015. 18 17 CFR 200.30–3(a)(12). 13 See SR–MSRB–2015–05. office of the MSRB. All comments 1 15 U.S.C. 78s(b)(1). 14 17 CFR 240.19b–4(f)(6)(iii). received will be posted without change; 2 17 CFR 240.19b–4. 15 See supra note 13. the Commission does not edit personal 3 Amendment No. 1 replaced SR–EDGA–2015–10 16 For the purposes only of accelerating the identifying information from and superseded such filing in its entirety. operative date of this proposal, the Commission has submissions. You should submit only 4 See Securities Exchange Act Release No. 74435 considered the proposed rule change’s impact on information that you wish to make efficiency, competition, and capital formation. See (March 4, 2015), 80 FR 12655. 15 U.S.C. 78c(f). available publicly. All submissions 5 See Securities Exchange Act Release No. 74763 17 See supra Section II.A.I. should refer to File Number SR–MSRB– (April 17, 2015), 80 FR 22751 (April 23, 2015). VerDate Sep<11>2014 17:58 Jul 20, 2015 Jkt 235001 PO 00000 Frm 00100 Fmt 4703 Sfmt 4703 E:\FR\FM\21JYN1.SGM 21JYN1

Federal Register / Vol. 80, No. 139 / Tuesday, July 21, 2015 / Notices 43151 For the Commission, by the Division of SECURITIES AND EXCHANGE Complex PIXL 7 Orders 8; (ii) increase Trading and Markets, pursuant to delegated COMMISSION the assessment of Multiply Listed authority.6 Options fees for non-Penny Pilot 9 Robert W. Errett, [Release No. 34–75455; File No. SR–Phlx– Options for electronic Professional,10 Deputy Secretary. 2015–61] Broker-Dealer,11 and Firm 12 orders; (iii) [FR Doc. 2015–17758 Filed 7–20–15; 8:45 am] Self-Regulatory Organizations; delete Customer Rebate Tier 2 and Tier BILLING CODE 8011–01–P 3 from notes 13 [sic] and 14 dealing NASDAQ OMX PHLX LLC; Notice of with Common Ownership; 13 and (iv) Filing and Immediate Effectiveness of increase the assessment of Singly-Listed SECURITIES AND EXCHANGE Proposed Rule Change Relating to FX options 14 fees for Professional, COMMISSION Customer Rebate Program, Multiply Broker-Dealer, and Firm orders. Listed Options, and Singly-Listed The text of the proposed rule change [Release No. 34–75457; File No. SR–EDGX– Options 2015–08] is available on the Exchange’s Web site July 15, 2015. at http:// Self-Regulatory Organizations; EDGX Pursuant to Section 19(b)(1) of the nasdaqomxphlx.cchwallstreet.com/, at Exchange, Inc.; Notice of Withdrawal Securities Exchange Act of 1934 the principal office of the Exchange, and of Proposed Rule Change, as Modified (‘‘Act’’),1 and Rule 19b–4 thereunder,2 at the Commission’s Public Reference by Amendment No. 1, To Amend Rules notice is hereby given that on July 1, Room. 11.6, 11.8, 11.9, 11.10 and 11.11 of 2015, NASDAQ OMX PHLX LLC II. Self-Regulatory Organization’s EDGX Exchange, Inc. (‘‘Phlx’’ or ‘‘Exchange’’) filed with the Statement of the Purpose of, and July 15, 2015. Securities and Exchange Commission Statutory Basis for, the Proposed Rule On February 20, 2015, EDGX (‘‘SEC’’ or ‘‘Commission’’) the proposed Change Exchange, Inc. (‘‘Exchange’’ or ‘‘EDGX’’) rule change as described in Items I, II, In its filing with the Commission, the filed with the Securities and Exchange and III, below, which Items have been Exchange included statements Commission (‘‘Commission’’), pursuant prepared by the Exchange. The concerning the purpose of and basis for to Section 19(b)(1) of the Securities Commission is publishing this notice to the proposed rule change and discussed Exchange Act of 1934 (‘‘Act’’) 1 and Rule solicit comments on the proposed rule any comments it received on the 19b–4 thereunder,2 a proposed rule change from interested persons. proposed rule change. The text of these change to amend Rules 11.6, 11.8, 11.9, I. Self-Regulatory Organization’s statements may be examined at the 11.10 and 11.11 to clarify and to include Statement of the Terms of Substance of places specified in Item IV below. The additional specificity regarding the the Proposed Rule Change current functionality of the Exchange’s 7 PIXLSM is the Exchange’s price improvement system, including the operation of its The Exchange proposes to modify the mechanism known as Price Improvement XL or order types and order instructions. On Phlx Pricing Schedule (‘‘Pricing PIXL. See Rule 1080(n). February 27, 2015, the Exchange filed Schedule’’). Specifically, the Exchange 8 A transaction resulting from an order that was proposes to amend pricing in Section B, electronically delivered utilizes Phlx XL. See Amendment No. 1 to the proposal.3 The Exchange Rules 1014 and 1080. Electronically proposed rule change, as modified by entitled ‘‘Customer Rebate Program,’’ 3 delivered orders do not include orders transacted Amendment No. 1, was published for Section II, entitled ‘‘Multiply Listed on the Exchange floor. A transaction resulting from Options Fees,’’ 4 and Section III, entitled an order that is non-electronically-delivered is comment in the Federal Register on represented on the trading floor by a floor broker. March 10, 2015.4 On April 17, 2015, the ‘‘Singly Listed Options,’’ 5 of the Pricing See Exchange Rule 1063. All orders are either Commission extended the time period Schedule. The Exchange proposes these electronically or non-electronically delivered. in which to either approve or amendments in order to: (i) Increase the 9 The Penny Pilot was established in January 2007 disapprove the proposed rule change, as rebates specifically for Tier 4 and Tier and was last extended in 2015. See Securities 5 (Category B) electronic Complex 6 and Exchange Act Release Nos. 55153 (January 23, modified by Amendment No. 1, to June 2007), 72 FR 4553 (January 31, 2007) (SR–Phlx– 8, 2015.5 The Commission received no 2006–74) (notice of filing and approval order comment letters on the proposed rule 1 15 U.S.C. 78s(b)(1). establishing Penny Pilot); and 75286 (June 24, 2015) change, as modified by Amendment No. 2 17 CFR 240.19b–4. (SR–Phlx–2015–54) (notice of filing and immediate 3 The term ‘‘Customer’’ applies to any transaction effectiveness extending the Penny Pilot through 1. On June 5, 2015, EDGX withdrew the June 30, 2016). Non-Penny Pilot Options are that is identified by a member or member proposed rule change, as modified by organization for clearing in the Customer range at options other than Penny Pilot Options listed on the Amendment No. 1 (SR–EDGX–2015– The Options Clearing Corporation (‘‘OCC’’) which Exchange (e.g. AAPL, BAC, EEM, FB, FXI, IWM, 08). is not for the account of broker or dealer or for the QQQ, TWTR, VXX and XLF), which can be found account of a ‘‘Professional’’ (as that term is defined at http://www.nasdaqtrader.com/ For the Commission, by the Division of in Rule 1000(b)(14). Micro.aspx?id=phlx. Trading and Markets, pursuant to delegated 4 This includes options overlying equities, 10 The term ‘‘Professional’’ means any person or authority.6 exchange traded funds (‘‘ETFs’’), exchange traded entity that (i) is not a broker or dealer in securities, Robert W. Errett, notes (‘‘ETNs’’) and indexes which are Multiply and (ii) places more than 390 orders in listed Listed. options per day on average during a calendar month Deputy Secretary. 5 This includes options overlying foreign for its own beneficial account(s). See Rule [FR Doc. 2015–17756 Filed 7–20–15; 8:45 am] exchange (‘‘FX’’), equities, ETFs, ETNs, and indexes 1000(b)(14). 11 The term ‘‘Broker-Dealer’’ applies to any BILLING CODE 8011–01–P not listed on another exchange. 6 A Complex Order is any order involving the transaction which is not subject to any of the other transaction fees applicable within a particular asabaliauskas on DSK5VPTVN1PROD with NOTICES 6 17 CFR 200.30–3(a)(12). simultaneous purchase and/or sale of two or more different options series in the same underlying category. 1 15 U.S.C. 78s(b)(1). 12 The term ‘‘Firm’’ applies to any transaction that 2 17 CFR 240.19b–4. security, priced at a net debit or credit based on the relative prices of the individual components, for the is identified by a member or member organization 3 Amendment No. 1 replaced SR–EDGX–2015–08 for clearing in the Firm range at The Options same account, for the purpose of executing a and superseded such filing in its entirety. particular investment strategy. Furthermore, a Clearing Corporation. 4 See Securities Exchange Act Release No. 74439 13 The term ‘‘Common Ownership’’ means Complex Order can also be a stock-option order, (March 4, 2015), 80 FR 12666. which is an order to buy or sell a stated number members or member organizations under 75% 5 See Securities Exchange Act Release No. 74762 of units of an underlying stock or ETF coupled with common ownership or control. (April 17, 2015), 80 FR 22753 (April 23, 2015). the purchase or sale of options contract(s). See 14 FX options include XDB, XDE, XDN, XDS, 6 17 CFR 200.30–3(a)(12). Exchange Rule 1080, Commentary .07(a)(i). XDA, XDM, XEH, XEV, XDZ, XDC, and XDV. VerDate Sep<11>2014 17:58 Jul 20, 2015 Jkt 235001 PO 00000 Frm 00101 Fmt 4703 Sfmt 4703 E:\FR\FM\21JYN1.SGM 21JYN1


Document Created: 2018-02-23 09:23:36
Document Modified: 2018-02-23 09:23:36
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
FR Citation80 FR 43150 
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