80 FR 43803 - Self-Regulatory Organizations; BOX Options Exchange LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Extend the Pilot Programs That Permit the Exchange To Have No Minimum Size Requirement for Orders Entered Into the PIP and COPIP
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 80, Issue 141 (July 23, 2015)
Federal Register Volume 80, Issue 141 (July 23, 2015)
| Page Range | 43803-43805 | |
| FR Document | 2015-18033 |
[Federal Register Volume 80, Number 141 (Thursday, July 23, 2015)] [Notices] [Pages 43803-43805] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2015-18033] ======================================================================= ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION [Release No. 34-75480; File No. SR-BOX-2015-27] Self-Regulatory Organizations; BOX Options Exchange LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Extend the Pilot Programs That Permit the Exchange To Have No Minimum Size Requirement for Orders Entered Into the PIP and COPIP July 17, 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 July 16, 2015, BOX Options Exchange LLC (the ``Exchange'') 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 [[Page 43804]] by the self-regulatory organization. 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 Substance of the Proposed Rule Change The Exchange proposes to amend Interpretive Material to Rule 7150 (Price Improvement Period ``PIP'') and Interpretive Material to Rule 7245 (Complex Order Price Improvement Period ``COPIP'') to extend the pilot programs that permit the Exchange to have no minimum size requirement for orders entered into the PIP (``PIP Pilot Program'') and COPIP (``COPIP Pilot Program''). The text of the proposed rule change is available from the principal office of the Exchange, at the Commission's Public Reference Room and also on the Exchange's Internet Web site at http://boxexchange.com. 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 self-regulatory organization 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 self-regulatory organization 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 purpose of the proposed rule change is to extend the PIP and COPIP Pilot Programs for an additional twelve months or until the date on which the pilot programs are approved on a permanent basis, whichever is earlier. The PIP and COPIP Pilot Programs allow the Exchange to have no minimum size requirement for orders entered into the PIP \3\ and the COPIP.\4\ The Exchange has been providing certain data to the Commission during the PIP and COPIP Pilot Programs. The proposed rule change retains the text of IM-7150-1 to Rule 7150 and IM- 7245-1 to Rule 7245; and seeks to extend the operation of the PIP and COPIP Pilot Programs until July 18, 2016. --------------------------------------------------------------------------- \3\ The PIP Pilot Program is currently set to expire on July 18, 2015. See Securities Exchange Act Release Nos. 66871 (April 27, 2012) 77 FR 26323 (May 3, 2012) (File No.10-206, In the Matter of the Application of BOX Options Exchange LLC for Registration as a National Securities Exchange Findings, Opinion, and Order of the Commission), 67255 (June 26, 2012) 77 FR 39315 (July 2, 2013) (SR- BOX-2012-009)(Notice of Filing and Immediate Effectiveness of a Proposal To Extend a Pilot Program That Permits BOX to Have No Minimum Size Requirement for Orders Entered Into the Price Improvement Period), 69846 (June 25, 2013) 78 FR 39365 (July 1, 2013) (SR-BOX-2013-33) (Notice of Filing and Immediate Effectiveness of a Proposal To Extend a Pilot Program That Permits BOX to Have No Minimum Size Requirement for Orders Entered Into the Price Improvement Period), 72545 (July 7, 2014) 79 FR 40182 (July 11, 2014) (SR-BOX-2014-19) (Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to amend Interpretive Material to Rule 7150 (Price Improvement Period ``PIP'') and Interpretive Material to Rule 7245 (Complex Order Price Improvement Period ``COPIP''), 73314 (October 7, 2014) 79 FR 61682 (October 14, 2014) (SR-BOX-2014-23) (Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Extend the Pilot Programs That Permit the Exchange To Have No Minimum Size Requirement for Orders Entered Into the PIP (``PIP Pilot Program'') and COPIP (``COPIP Pilot Program'') Until December 18, 2014), and 73831 (December 12, 2014) 79 FR 75211 (December 17, 2014) (SR-BOX-2014-27) (Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Interpretive Material to Rule 7150 and Interpretive Material to Rule 7245 To Extend the Pilot Period That Permit the Exchange To Have No Minimum Size Requirement for Orders Entered Into the PIP and COPIP Until July 18, 2015). \4\ The COPIP Pilot Program is currently set to expire on July 18, 2015. See Securities Exchange Act Release Nos. 71148 (December 19, 2013) 78 FR 78437 (December 26, 2013) (Notice of Filing of Amendment Nos. 1 and 2 and Order Granting Accelerated Approval of a Proposed Rule Change, as Modified by Amendment Nos. 1 and 2, to Permit Complex Orders to Participate in Price Improvement Periods), 72545 (July 7, 2014) 79 FR 40182 (July 11, 2014) (SR-BOX-2014-19) (Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to amend Interpretive Material to Rule 7150 (Price Improvement Period ``PIP'') and Interpretive Material to Rule 7245 (Complex Order Price Improvement Period ``COPIP''), and 73314 (October 7, 2014) 79 FR 61682 (October 14, 2014) (SR-BOX-2014-23) (Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Extend the Pilot Programs That Permit the Exchange To Have No Minimum Size Requirement for Orders Entered Into the PIP (``PIP Pilot Program'') and COPIP (``COPIP Pilot Program'') Until December 18, 2014) and 73831 (December 12, 2014) 79 FR 75211 (December 17, 2014) (SR-BOX-2014-27) (Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Interpretive Material to Rule 7150 and Interpretive Material to Rule 7245 To Extend the Pilot Period That Permit the Exchange To Have No Minimum Size Requirement for Orders Entered Into the PIP and COPIP Until July 18, 2015). --------------------------------------------------------------------------- The Exchange notes that the PIP and COPIP Pilot Programs permit Participants to trade with their customer orders that are less than 50 contracts. In particular, any order entered into the PIP is guaranteed an execution at the end of the auction at a price at least equal to the national best bid or offer. Any order entered into the COPIP is guaranteed an execution at the end of the auction at a price at least equal to or better than the cNBBO,\5\ cBBO \6\ and BBO on the Complex Order Book for the Strategy at the time of commencement. --------------------------------------------------------------------------- \5\ As defined in BOX Rule 7240(a)(3), the term ``cNBBO'' means the best net bid and offer price for a Complex Order Strategy based on the NBBO for the individual options components of such Strategy. \6\ As defined in BOX Rule 7240(a)(1), the term ``cBBO'' means the best net bid and offer price for a Complex Order Strategy based on the BBO on the BOX Book for the individual options components of such Strategy. --------------------------------------------------------------------------- The Exchange believes that extending the pilot period is appropriate because it will allow the Exchange the Commission additional time to analyze data regarding the PIP and COPIP Pilot Programs that the Exchange has committed to provide. As such, the Exchange believes that it is appropriate to extend the current operation of the Pilot Programs. In further support of this proposed rule change, the Exchange will submit to the Commission data from the PIP and COPIP Pilot Programs. Further, the Exchange represents that it will provide certain additional data requested by the Commission regarding trading in the PIP and COPIP Auctions for the six (6) month period from January 1, 2015 through June 30, 2015. The Exchange agrees to provide this data by January 18, 2015 and to make a summary of the data provided to the Commission publically available. The Exchange continues to believe that there remains meaningful competition for all size orders and there is significant price improvement for all orders executed through the PIP and COPIP; and that there is an active and liquid market functioning on the Exchange outside the PIP and COPIP auctions. The Exchange believes the additional data will substantiate the Exchange's belief and provide further evidence in support of permanent approval of the PIP and COPIP Pilot Programs. 2. Statutory Basis The Exchange believes that the proposal is consistent with the requirements of Section 6(b) of the Act,\7\ in general, and Section 6(b)(5) of the Act,\8\ in particular, in that it is designed to foster cooperation and coordination with persons engaged in regulating, clearing, settling, processing [[Page 43805]] information with respect to, and facilitating transactions in securities, to remove impediments to and perfect the mechanism for a free and open market and a national market system and, in general, to protect investors and the public interest. The Exchange believes that the data demonstrates that there is sufficient investor interest and demand to extend the PIP and COPIP Pilot Programs for an additional twelve months or until the date on which the pilot programs are approved on a permanent basis, whichever is earlier. The Exchange represents that the PIP and COPIP Pilot Programs are designed to create tighter markets and ensure that each order receives the best possible price. --------------------------------------------------------------------------- \7\ 15 U.S.C. 78f(b). \8\ 15 U.S.C. 78f(b)(5). --------------------------------------------------------------------------- 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. Specifically, the Exchange believes that, by extending the expiration of the PIP and COPIP Pilot Programs, the proposed rule change will allow additional time to analyze data regarding the PIP and COPIP Pilot Programs that the Exchange has committed to provide. 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 comments on the proposed rule change. III. Date of Effectiveness of the Proposed Rule Change and Timing for Commission Action The foregoing rule change has become effective pursuant to Section 19(b)(3)(A) of the Act \9\ and Rule 19b-4(f)(6) \10\ thereunder because the proposal does not: (i) Significantly affect the protection of investors or the public interest; (ii) impose any significant burden on competition; and (iii) by its terms, become operative for 30 days from the date on which it was filed, or such shorter time as the Commission may designate if consistent with the protection of investors and the public interest.\11\ --------------------------------------------------------------------------- \9\ 15 U.S.C. 78s(b)(3)(A). \10\ 17 CFR 240.19b-4(f)(6). \11\ 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. --------------------------------------------------------------------------- A proposed rule change filed pursuant to Rule 19b-4(f)(6) under the Act \12\ normally does not become operative for 30 days after the date of its filing. However, Rule 19b-4(f)(6)(iii) \13\ 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 requested that the Commission waive the 30-day operative delay period because the current pilot programs are set to expire on July 18, 2015. The Exchange noted that such waiver will permit the pilot programs to continue without interruption. --------------------------------------------------------------------------- \12\ 17 CFR 240.19b-4(f)(6). \13\ 17 CFR 240.19b-4(f)(6)(iii). --------------------------------------------------------------------------- The Commission believes that waiving the 30-day operative delay is consistent with the protection of investors and the public interest, as it will allow the pilot programs to continue uninterrupted, thereby avoiding any potential investor confusion that could result from a temporary interruption in the pilot programs. For these reasons, the Commission designates the proposed rule change to be operative on July 18, 2015.\14\ --------------------------------------------------------------------------- \14\ For purposes only of waiving the operative delay for this proposal, the Commission has considered the proposed rule's impact on efficiency, competition, and capital formation. See 15 U.S.C. 78c(f). --------------------------------------------------------------------------- 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 CommentsUse 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-BOX-2015-27 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-BOX-2015-27. 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-BOX-2015-27, and should be submitted on or before August 13, 2015. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.\15\ --------------------------------------------------------------------------- \15\ 17 CFR 200.30-3(a)(12). --------------------------------------------------------------------------- Robert W. Errett, Deputy Secretary. [FR Doc. 2015-18033 Filed 7-22-15; 8:45 am] BILLING CODE 8011-01-P
![Federal Register / Vol. 80, No. 141 / Thursday, July 23, 2015 / Notices 43803
along with a summary of significant 456–6133; FAX 202–456–6021. See also II. Notice of Commission Action
changes, are posted on the NSF Web site the RBM Web site located at: http:// The Commission establishes Docket
at: http://www.nsf.gov/bfa/dias/policy/ rbm.nih.gov. No. CP2015–105 for consideration of
rppr/index.jsp. Dated: July 17, 2015. matters raised by the Notice.
After obtaining and considering The Commission invites comments on
Suzanne H. Plimpton,
public comment, the RBM will prepare whether the Postal Service’s filing is
Reports Clearance Officer, National Science
the format for final clearance. Each consistent with 39 U.S.C. 3632, 3633, or
Foundation.
agency that uses the RPPR will need to 3642, 39 CFR part 3015, and 39 CFR
[FR Doc. 2015–18007 Filed 7–22–15; 8:45 am]
seek OMB approval of this collection via part 3020, subpart B. Comments are due
BILLING CODE 7555–01–P
the Paperwork Reduction Act for a no later than July 24, 2015. The public
period of no longer than three years. portions of the filing can be accessed via
Comments are invited on (a) whether the Commission’s Web site (http://
the proposed collection of information POSTAL REGULATORY COMMISSION www.prc.gov).
is necessary for the proper performance The Commission appoints Kenneth R.
of the functions of agencies funding [Docket No. CP2015–105; Order No. 2597]
Moeller to serve as Public
research and research-related activities, Representative in this docket.
including whether the information shall New Postal Product
have practical utility; (b) ways to III. Ordering Paragraphs
AGENCY: Postal Regulatory Commission.
enhance the quality, utility, and clarity It is ordered:
ACTION: Notice.
of the information collected from 1. The Commission establishes Docket
respondents, including through the use SUMMARY: The Commission is noticing a No. CP2015–105 for consideration of the
of automated collection techniques or recent Postal Service filing concerning matters raised by the Postal Service’s
other forms of information technology; an additional Global Expedited Package Notice.
and (c) ways to minimize the burden of Services 3 negotiated service agreement. 2. Pursuant to 39 U.S.C. 505, Kenneth
the collection of information on This notice informs the public of the R. Moeller is appointed to serve as an
respondents, including through the use filing, invites public comment, and officer of the Commission to represent
of automated collection techniques or takes other administrative steps. the interests of the general public in this
other forms of information technology. proceeding (Public Representative).
DATES: Comments are due: July 24,
DATES: Comments must be received by 3. Comments are due no later than
2015.
September 21, 2015. July 24, 2015.
ADDRESSES: Comments should be
ADDRESSES: Submit comments 4. The Secretary shall arrange for
addressed to Suzanne H. Plimpton, electronically via the Commission’s publication of this order in the Federal
Reports Clearance Officer, Office of the Filing Online system at http:// Register.
General Counsel, National Science www.prc.gov. Those who cannot submit By the Commission.
Foundation, 4201 Wilson Blvd., comments electronically should contact
Ruth Ann Abrams,
Arlington, VA, 22230, email: splimpto@ the person identified in the FOR FURTHER
Acting Secretary.
INFORMATION CONTACT section by
nsf.gov; telephone: (703) 292–7556; FAX [FR Doc. 2015–18019 Filed 7–22–15; 8:45 am]
(703) 292–9242. We encourage telephone for advice on filing
respondents to submit comments alternatives. BILLING CODE 7710–FW–P
electronically to ensure timely receipt. FOR FURTHER INFORMATION CONTACT:
We cannot guarantee that comments David A. Trissell, General Counsel, at
SECURITIES AND EXCHANGE
mailed will be received before the 202–789–6820.
COMMISSION
comment closing date. Please include SUPPLEMENTARY INFORMATION:
‘‘Research Performance Progress [Release No. 34–75480; File No. SR–BOX–
Reporting’’ in the subject line of the Table of Contents 2015–27]
email message; please also include the I. Introduction
full body of your comments in the text II. Notice of Commission Action Self-Regulatory Organizations; BOX
of the message and as an attachment. III. Ordering Paragraphs Options Exchange LLC; Notice of
Include your name, title, organization, Filing and Immediate Effectiveness of
I. Introduction a Proposed Rule Change To Extend
postal address, telephone number, and
email address in your message. On July 16, 2015, the Postal Service the Pilot Programs That Permit the
filed notice that it has entered into an Exchange To Have No Minimum Size
FOR FURTHER INFORMATION CONTACT: To
additional Global Expedited Package Requirement for Orders Entered Into
view the proposed RPPR format, see:
Services 3 (GEPS 3) negotiated service the PIP and COPIP
http://www.nsf.gov/bfa/dias/policy/
rppr/index.jsp. For information on the agreement (Agreement).1 July 17, 2015.
RPPR, contact Jean Feldman, Head, To support its Notice, the Postal
Pursuant to Section 19(b)(1) of the
Policy Office, Division of Institution & Service filed a copy of the Agreement,
Securities Exchange Act of 1934 (the
Award Support, National Science a copy of the Governors’ Decision
‘‘Act’’),1 and Rule 19b–4 thereunder,2
Foundation, 4201 Wilson Blvd., authorizing the product, a certification
notice is hereby given that on July 16,
Arlington, VA, 22230, email: jfeldman@ of compliance with 39 U.S.C. 3633(a),
2015, BOX Options Exchange LLC (the
and an application for non-public
mstockstill on DSK4VPTVN1PROD with NOTICES
nsf.gov; telephone (703) 292–8243; FAX: ‘‘Exchange’’) filed with the Securities
(703) 292–9171. For further information treatment of certain materials. It also
and Exchange Commission
on the NSTC RBM Interagency Working filed supporting financial workpapers.
(‘‘Commission’’) the proposed rule
Group, contact Kei Koizumi, at the change as described in Items I and II
1 Notice of United States Postal Service of Filing
Office of Science and Technology below, which Items have been prepared
a Functionally Equivalent Global Expedited
Policy, 1650 Pennsylvania Avenue NW., Package Services 3 Negotiated Service Agreement
Washington, DC 20504; email: and Application for Non-Public Treatment of 1 15 U.S.C. 78s(b)(1).
kkoizumi@ostp.eop.gov; telephone 202– Materials Filed Under Seal, July 16, 2015 (Notice). 2 17 CFR 240.19b–4.
VerDate Sep<11>2014 18:39 Jul 22, 2015 Jkt 235001 PO 00000 Frm 00099 Fmt 4703 Sfmt 4703 E:\FR\FM\23JYN1.SGM 23JYN1](https://thefederalregister.org/doc/80_FR_43944/page/1.svg)
![Federal Register / Vol. 80, No. 141 / Thursday, July 23, 2015 / Notices 43805
information with respect to, and A proposed rule change filed Paper Comments
facilitating transactions in securities, to pursuant to Rule 19b–4(f)(6) under the
remove impediments to and perfect the Act 12 normally does not become • Send paper comments in triplicate
mechanism for a free and open market operative for 30 days after the date of its to Brent J. Fields, Secretary, Securities
and a national market system and, in filing. However, Rule 19b–4(f)(6)(iii) 13 and Exchange Commission, 100 F Street
general, to protect investors and the permits the Commission to designate a NE., Washington, DC 20549–1090.
public interest. The Exchange believes shorter time if such action is consistent All submissions should refer to File
that the data demonstrates that there is with the protection of investors and the Number SR–BOX–2015–27. This file
sufficient investor interest and demand public interest. The Exchange has number should be included on the
to extend the PIP and COPIP Pilot requested that the Commission waive
subject line if email is used. To help the
Programs for an additional twelve the 30-day operative delay period
Commission process and review your
months or until the date on which the because the current pilot programs are
pilot programs are approved on a set to expire on July 18, 2015. The comments more efficiently, please use
permanent basis, whichever is earlier. Exchange noted that such waiver will only one method. The Commission will
The Exchange represents that the PIP permit the pilot programs to continue post all comments on the Commission’s
and COPIP Pilot Programs are designed without interruption. Internet Web site (http://www.sec.gov/
to create tighter markets and ensure that The Commission believes that rules/sro.shtml). Copies of the
each order receives the best possible waiving the 30-day operative delay is submission, all subsequent
price. consistent with the protection of amendments, all written statements
investors and the public interest, as it with respect to the proposed rule
B. Self-Regulatory Organization’s change that are filed with the
will allow the pilot programs to
Statement on Burden on Competition Commission, and all written
continue uninterrupted, thereby
The Exchange does not believe that avoiding any potential investor communications relating to the
the proposed rule change will impose confusion that could result from a proposed rule change between the
any burden on competition not temporary interruption in the pilot Commission and any person, other than
necessary or appropriate in furtherance programs. For these reasons, the those that may be withheld from the
of the purposes of the Act. Specifically, Commission designates the proposed public in accordance with the
the Exchange believes that, by extending rule change to be operative on July 18, provisions of 5 U.S.C. 552, will be
the expiration of the PIP and COPIP 2015.14 available for Web site viewing and
Pilot Programs, the proposed rule At any time within 60 days of the printing in the Commission’s Public
change will allow additional time to filing of the proposed rule change, the Reference Room, 100 F Street NE.,
analyze data regarding the PIP and Commission summarily may Washington, DC 20549 on official
COPIP Pilot Programs that the Exchange temporarily suspend such rule change if
business days between the hours of
has committed to provide. it appears to the Commission that such
10:00 a.m. and 3:00 p.m. Copies of such
action is necessary or appropriate in the
C. Self-Regulatory Organization’s filing also will be available for
public interest, for the protection of
Statement on Comments on the inspection and copying at the principal
investors, or otherwise in furtherance of
Proposed Rule Change Received From office of the Exchange. All comments
the purposes of the Act. If the
Members, Participants, or Others received will be posted without change;
Commission takes such action, the
The Exchange has neither solicited Commission shall institute proceedings the Commission does not edit personal
nor received comments on the proposed to determine whether the proposed rule identifying information from
rule change. should be approved or disapproved. submissions. You should submit only
information that you wish to make
III. Date of Effectiveness of the IV. Solicitation of Comments available publicly. All submissions
Proposed Rule Change and Timing for
Interested persons are invited to should refer to File Number SR–BOX–
Commission Action
submit written data, views, and 2015–27, and should be submitted on or
The foregoing rule change has become arguments concerning the foregoing, before August 13, 2015.
effective pursuant to Section 19(b)(3)(A) including whether the proposed rule
For the Commission, by the Division of
of the Act 9 and Rule 19b–4(f)(6) 10 change is consistent with the Act.
Trading and Markets, pursuant to delegated
thereunder because the proposal does Comments may be submitted by any of
authority.15
not: (i) Significantly affect the the following methods:
protection of investors or the public Robert W. Errett,
Electronic Comments Deputy Secretary.
interest; (ii) impose any significant
burden on competition; and (iii) by its • Use the Commission’s Internet [FR Doc. 2015–18033 Filed 7–22–15; 8:45 am]
terms, become operative for 30 days comment form (http://www.sec.gov/ BILLING CODE 8011–01–P
from the date on which it was filed, or rules/sro.shtml); or
such shorter time as the Commission • Send an email to rule-
may designate if consistent with the comments@sec.gov. Please include File
protection of investors and the public Number SR–BOX–2015–27 on the
interest.11 subject line.
mstockstill on DSK4VPTVN1PROD with NOTICES
9 15 U.S.C. 78s(b)(3)(A). Commission. The Exchange has satisfied this
10 17 CFR 240.19b–4(f)(6). requirement.
11 In addition, Rule 19b–4(f)(6)(iii) requires the 12 17 CFR 240.19b–4(f)(6).
13 17 CFR 240.19b–4(f)(6)(iii).
Exchange to give the Commission written notice of
the Exchange’s intent to file the proposed rule 14 For purposes only of waiving the operative
change, along with a brief description and text of delay for this proposal, the Commission has
the proposed rule change, at least five business days considered the proposed rule’s impact on
prior to the date of filing of the proposed rule efficiency, competition, and capital formation. See
change, or such shorter time as designated by the 15 U.S.C. 78c(f). 15 17 CFR 200.30–3(a)(12).
VerDate Sep<11>2014 18:39 Jul 22, 2015 Jkt 235001 PO 00000 Frm 00101 Fmt 4703 Sfmt 9990 E:\FR\FM\23JYN1.SGM 23JYN1](https://thefederalregister.org/doc/80_FR_43944/page/3.svg)
Document Created: 2015-12-15 12:53:34
Document Modified: 2015-12-15 12:53:34
| 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 43803 |
2025 Federal Register | Disclaimer | Privacy Policy
USC | CFR | eCFR