80 FR 46615 - Self-Regulatory Organizations; BATS Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Delay Implementation of SR-BATS-2015-51

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 80, Issue 150 (August 5, 2015)

Page Range		46615-46617
FR Document		2015-19133
Federal Register, Volume 80 Issue 150 (Wednesday, August 5, 2015)
[Federal Register Volume 80, Number 150 (Wednesday, August 5, 2015)]
[Notices]
[Pages 46615-46617]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-19133]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-75567; File No. SR-BATS-2015-54]


Self-Regulatory Organizations; BATS Exchange, Inc.; Notice of 
Filing and Immediate Effectiveness of a Proposed Rule Change to Delay 
Implementation of SR-BATS-2015-51

July 30, 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 23, 2015, BATS Exchange, Inc. (the ``Exchange'' or 
``BATS'') filed with the Securities and Exchange Commission 
(``Commission'') the proposed rule

[[Page 46616]]

change as described in Items I and II below, which Items have been 
prepared by the Exchange. The Exchange has designated this proposal as 
a ``non-controversial'' proposed rule change pursuant to Section 
19(b)(3)(A) of the Act \3\ and Rule 19b-4(f)(6)(iii) thereunder,\4\ 
which renders it effective upon filing with the Commission. The 
Commission is publishing this notice to solicit comments on the 
proposed rule change from interested persons.
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ 15 U.S.C. 78s(b)(3)(A).
    \4\ 17 CFR 240.19b-4(f)(6)(iii).
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I. Self-Regulatory Organization's Statement of the Terms of Substance 
of the Proposed Rule Change

    The Exchange is proposing to delay the implementation date of 
recent amendments to Rules 21.1(d)(9), (h) and (i) that modified the 
operation of BATS Post Only Orders \5\ subject to the Price Adjust \6\ 
process on the Exchange's options platform (``BATS Options'').\7\ The 
text of the proposed rule change is available at the Exchange's Web 
site at www.batstrading.com, at the principal office of the Exchange, 
and at the Commission's Public Reference Room.
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    \5\ BATS Post Only Orders are orders that are to be ranked and 
executed on the Exchange pursuant to Rule 21.8 (Order Display and 
Book Processing) or cancelled, as appropriate, without routing away 
to another trading center. See Exchange Rule 21.1(d)(9).
    \6\ In sum, under the Price Adjust process, a BATS Post Only 
order that locks or crosses a Protected Quotation displayed by the 
Exchange upon entry will continue to be ranked and displayed by the 
System at one minimum price variation below the current NBO (for 
bids) or to one minimum price variation above the current NBB (for 
offers). See Exchange Rule 21.1(i).
    \7\ See Securities Exchange Act Release No. 75360 (July 6, 
2015), 80 FR 39816 (July 10, 2015) (SR-BATS-2015-51) (Notice of 
Filing and Immediate Effectiveness of a Proposed Rule Change to 
Modify the Operation of BATS Post Only Orders Subject to the Price 
Adjust Process on the Exchange's Options Platform).
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II. Self-Regulatory Organization's Statement of the Purpose of, and 
Statutory Basis for, the Proposed Rule Change

    In its filing with the Commission, the Exchange included statements 
concerning the purpose of and basis for the proposed rule change and 
discussed any comments it received on the proposed rule change. The 
text of these statements may be examined at the places specified in 
Item IV below. The Exchange has prepared summaries, set forth in 
Sections A, B, and C below, of the most significant parts of such 
statements.

(A) Self-Regulatory Organization's Statement of the Purpose of, and 
Statutory Basis for, the Proposed Rule Change

1. Purpose
    The Exchange is proposing to delay the implementation date of 
recent amendments to Rules 21.1(d)(9), (h) and (i) that modified the 
operation of BATS Post Only Orders subject to the Price Adjust process 
on BATS Options so that they will no longer remove liquidity from the 
BATS Options Book \8\ pursuant to Rule 21.1(d)(9) where the value of 
price improvement associated with such execution equals or exceeds the 
sum of fees charged for such execution and the value of any rebate that 
would be provided if the order posted to the BATS Options Book and 
subsequently provided liquidity.\9\ The proposed rule change was filed 
with the Commission on June 30, 2015 for immediate effectiveness 
pursuant to Rule 19b-4(f)(6)(iii) under the Act,\10\ and therefore, is 
scheduled to become operative 30 days from the date on which it was 
filed. Accordingly, the proposed rule change is scheduled to become 
operative on July 30, 2015. The Exchange proposes to delay the 
implementation of the proposed rule change and will announce the exact 
date via a publicly disseminated trading notice, which will be issued 
at least two week prior to the implementation date.
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    \8\ ``BATS Options Book'' is defined as ``the electronic book of 
options orders maintained by the Trading System.'' See Exchange Rule 
16.1(a)(9).
    \9\ For a complete description of the proposed rule change, see 
supra note 7.
    \10\ 17 CFR 240.19b-4(f)(6)(iii).
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2. Statutory Basis
    The Exchange believes that its proposal is consistent with Section 
6(b) of the Act \11\ in general, and furthers the objectives of Section 
6(b)(5) of the Act \12\ in particular, in that it is designed to 
promote just and equitable principles of trade, to foster cooperation 
and coordination with persons engaged in 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. Delaying the implementation 
date will provide the Exchange with additional time to implement and 
test the necessary modifications to its System,\13\ thereby promoting 
fair and orderly markets, as well as the protection of investors and 
the public interest.
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    \11\ 15 U.S.C. 78f(b).
    \12\ 15 U.S.C. 78f(b)(5).
    \13\ The term ``System'' is defined as ``the electronic 
communications and trading facility designated by the Board through 
which securities orders of Users are consolidated for ranking, 
execution and, when applicable, routing away.'' Rule 1.5(aa).
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(B) Self-Regulatory Organization's Statement on Burden on Competition

    The Exchange does not believe that the proposed rule change will 
impose any burden on competition that is not necessary or appropriate 
in furtherance of the purposes of the Act. The Exchange believes that 
the proposed delay of the implementation date will not have any impact 
on competition.

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

    The Exchange has neither solicited nor received written comments on 
the proposed rule change. The Exchange has not received any written 
comments from members or other interested parties.

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

    The Exchange has designated this rule filing as non-controversial 
under Section 19(b)(3)(A) of the Act \14\ and paragraph (f)(6) of Rule 
19b-4 thereunder.\15\ The proposed rule change effects a change that 
(A) does not significantly affect the protection of investors or the 
public interest; (B) does not impose any significant burden on 
competition; and (C) by its terms, does not become operative for 30 
days after the date of the filing, or such shorter time as the 
Commission may designate if consistent with the protection of investors 
and the public interest; provided that the self-regulatory organization 
has given the Commission written notice of its 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 provided the Commission with written 
notice of its 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 this filing.
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    \14\ 15 U.S.C. 78s(b)(3)(A).
    \15\ 17 CFR 240.19b-4.
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    A proposed rule change filed under Rule 19b-4(f)(6) \16\ normally 
does not become operative prior to 30 days after the date of the 
filing. However, pursuant

[[Page 46617]]

to Rule 19b-4(f)(6)(iii), the Commission may designate a shorter time 
if such action is consistent with the protection of investors and the 
public interest. The Exchange has asked the Commission to waive the 30-
day operative delay so that BATS may implement the proposed rule change 
immediately. The Commission believes that waiving the 30-day operative 
delay is consistent with the protection of investors and the public 
interest as it will immediately notify members that the currently 
scheduled operative date for recent amendments to BATS Post Only Orders 
has changed from July 30, 2015.\17\ Therefore, the Commission hereby 
waives the 30-day operative delay and designates the proposed rule 
change to be operative upon filing with the Commission.\18\
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    \16\ 17 CFR 240.19b-4(f)(6).
    \17\ See supra note 7.
    \18\ 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).
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    At any time within 60 days of the filing of the proposed rule 
change, the Commission may summarily temporarily suspend such rule 
change if it appears to the Commission that such action is: (1) 
Necessary or appropriate in the public interest; (2) for the protection 
of investors; or (3) otherwise in furtherance of the purposes of the 
Act. If the Commission takes such action, the Commission shall 
institute proceedings to determine whether the proposed rule should be 
approved or disapproved.

IV. Solicitation of Comments

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

Electronic Comments

     Use the Commission's Internet comment form (http://www.sec.gov/rules/sro.shtml); or
     Send an email to rule-comments@sec.gov. Please include 
File Number SR-BATS-2015-54 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-BATS-2015-54. 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 offices 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-BATS-2015-54, 
and should be submitted on or before August 26, 2015.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\19\
Robert W. Errett,
Deputy Secretary.
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    \19\ 17 CFR 200.30-3(a)(12).
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[FR Doc. 2015-19133 Filed 8-4-15; 8:45 am]
 BILLING CODE 8011-01-P
Federal Register / Vol. 80, No. 150 / Wednesday, August 5, 2015 / Notices 46615

Prior to the commencement of FINRA, on behalf of the Exchange, is Adviser, consistent with Commission
trading, the Exchange will inform its able to access, as needed, trade guidance.
Equity Trading Permit Holders (‘‘ETP information for certain fixed income (11) A minimum of 100,000 Shares for
Holders’’) in an Information Bulletin securities held by the Fund reported to the Fund will be outstanding at the
(‘‘Bulletin’’) of the special FINRA’s Trade Reporting and commencement of trading on the
characteristics and risks associated with Compliance Engine. Exchange.
trading the Shares. The Exchange (5) Prior to the commencement of This approval order is based on all of
represents that trading in the Shares trading of the Shares, the Exchange will the Exchange’s representations,
will be subject to the existing trading inform its ETP Holders in a Bulletin of including those set forth above and in
surveillances, administered by the the special characteristics and risks the Notice. The Commission notes that
Financial Industry Regulatory Authority associated with trading the Shares. The the Fund and the Shares must comply
(‘‘FINRA’’) on behalf of the Exchange, Bulletin will discuss the following: (i) with the requirements of NYSE Arca
which are designed to detect violations The procedures for purchases and Equities Rule 8.600 to be initially and
of Exchange rules and applicable federal redemptions of Shares in Creation Unit continuously listed and traded on the
securities laws.30 aggregations (and that Shares are not Exchange.
The Exchange represents that it deems individually redeemable); (ii) NYSE For the foregoing reasons, the
the Shares to be equity securities, thus Arca Equities Rule 9.2(a), which Commission finds that the proposed
rendering trading in the Shares subject imposes a duty of due diligence on its rule change, as modified by
to the Exchange’s existing rules ETP Holders to learn the essential facts Amendments No. 1 and No. 2, is
governing the trading of equity relating to every customer prior to consistent with Section 6(b)(5) of the
securities. In support of this proposal, trading the Shares; (iii) the risks Exchange Act 33 and Section
the Exchange has also made the involved in trading the Shares during 11A(a)(1)(C)(iii) of the Exchange Act 34
following representations: the Opening and Late Trading Sessions and the rules and regulations
(1) The Shares will conform to the (as defined in NYSE Arca Equities 7.34) thereunder applicable to a national
initial and continued listing criteria when an updated IIV or Index value will securities exchange.
under NYSE Arca Equities Rule 8.600. not be calculated or publicly IV. Conclusion
(2) The Exchange has appropriate disseminated; (iv) how information
rules to facilitate transactions in the It is therefore ordered, pursuant to
regarding the IIV, the Disclosed
Shares during all trading sessions. Section 19(b)(2) of the Exchange Act,35
Portfolio, and the Index value will be
(3) Trading in the Shares will be that the proposed rule change (SR–
disseminated; (v) the requirement that
subject to the existing trading NYSEArca–2015–42), as modified by
ETP Holders deliver a prospectus to
surveillances, administered by FINRA Amendments No. 1 and No. 2 thereto,
investors purchasing newly issued
on behalf of the Exchange, which are be, and it hereby is, approved.
Shares prior to or concurrently with the
designed to detect violations of confirmation of a transaction; and (vi) For the Commission, by the Division of
Exchange rules and applicable federal trading information. Trading and Markets, pursuant to delegated
securities laws, and these procedures authority.36
(6) For initial and continued listing,
are adequate to properly monitor Robert W. Errett,
the Fund will be in compliance with
Exchange trading of the Shares in all Deputy Secretary.
Rule 10A–3 under the Exchange Act,32
trading sessions and to deter and detect [FR Doc. 2015–19132 Filed 8–4–15; 8:45 am]
as provided by NYSE Arca Equities Rule
violations of Exchange rules and federal
5.3. BILLING CODE 8011–01–P
securities laws applicable to trading on
the Exchange. (7) Not more than 20% of the Fund’s
(4) FINRA, on behalf of the Exchange, net assets in the aggregate will be
invested in non-agency CMBS, RMBS, SECURITIES AND EXCHANGE
will communicate as needed regarding COMMISSION
trading in the Shares, exchange-traded and ABS.
equity securities and futures contracts (8) Not more than 20% of the Fund’s [Release No. 34–75567; File No. SR–BATS–
with other markets and other entities net assets will be invested in junior 2015–54]
that are members of the ISG, and bank loans.
(9) The Fund will invest only in U.S. Self-Regulatory Organizations; BATS
FINRA, on behalf of the Exchange, may
dollar-denominated loan assignments, Exchange, Inc.; Notice of Filing and
obtain trading information regarding
and for investment purposes, a bank Immediate Effectiveness of a Proposed
trading in the Shares, exchange-traded
loan must have a par amount Rule Change to Delay Implementation
equity securities and futures contracts
outstanding of U.S. $150 million or of SR–BATS–2015–51
from such markets and other entities. In
addition, the Exchange may obtain greater at the time it is originally issued. July 30, 2015.
information regarding trading in the Furthermore, the Adviser will invest Pursuant to Section 19(b)(1) of the
Shares, exchange-traded equity generally in loan assignments, including Securities Exchange Act of 1934 (the
securities and futures contracts from bank loans, which it deems to be highly ‘‘Act’’),1 and Rule 19b–4 thereunder,2
markets and other entities that are liquid, with readily available prices. notice is hereby given that on July 23,
members of ISG or with which the (10) The Fund may hold up to an 2015, BATS Exchange, Inc. (the
Exchange has in place a comprehensive aggregate amount of 15% of its net ‘‘Exchange’’ or ‘‘BATS’’) filed with the
asabaliauskas on DSK5VPTVN1PROD with NOTICES

surveillance sharing agreement.31 assets in illiquid assets (calculated at Securities and Exchange Commission
the time of investment), including Rule (‘‘Commission’’) the proposed rule
30 The Exchange states that FINRA surveils
144A fixed income securities and bank
trading on the Exchange pursuant to a regulatory loans that are deemed illiquid by the 33 15 U.S.C. 78f(b)(5).
services agreement. The Exchange is responsible for 34 15
FINRA’s performance under this regulatory services U.S.C. 78k–1(a)(1)(C)(iii).
35 15 U.S.C. 78s(b)(2).
agreement. may trade on markets that are members of ISG or
36 17 CFR 200.30–3(a)(12).
31 For a list of the current members of ISG, see with which the Exchange has in place a
www.isgportal.org. The Exchange notes that not all comprehensive surveillance sharing agreement. 1 15 U.S.C. 78s(b)(1).

components of the Disclosed Portfolio for the Fund 32 17 CFR 240.10A–3. 2 17 CFR 240.19b–4.

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46616 Federal Register / Vol. 80, No. 150 / Wednesday, August 5, 2015 / Notices

change as described in Items I and II (A) Self-Regulatory Organization’s promoting fair and orderly markets, as
below, which Items have been prepared Statement of the Purpose of, and well as the protection of investors and
by the Exchange. The Exchange has Statutory Basis for, the Proposed Rule the public interest.
designated this proposal as a ‘‘non- Change
(B) Self-Regulatory Organization’s
controversial’’ proposed rule change 1. Purpose Statement on Burden on Competition
pursuant to Section 19(b)(3)(A) of the
The Exchange is proposing to delay The Exchange does not believe that
Act 3 and Rule 19b–4(f)(6)(iii)
the implementation date of recent the proposed rule change will impose
thereunder,4 which renders it effective
amendments to Rules 21.1(d)(9), (h) and any burden on competition that is not
upon filing with the Commission. The necessary or appropriate in furtherance
Commission is publishing this notice to (i) that modified the operation of BATS
Post Only Orders subject to the Price of the purposes of the Act. The
solicit comments on the proposed rule Exchange believes that the proposed
change from interested persons. Adjust process on BATS Options so that
they will no longer remove liquidity delay of the implementation date will
I. Self-Regulatory Organization’s from the BATS Options Book 8 pursuant not have any impact on competition.
Statement of the Terms of Substance of to Rule 21.1(d)(9) where the value of (C) Self-Regulatory Organization’s
the Proposed Rule Change price improvement associated with such Statement on Comments on the
execution equals or exceeds the sum of Proposed Rule Change Received from
The Exchange is proposing to delay fees charged for such execution and the Members, Participants or Others
the implementation date of recent value of any rebate that would be
amendments to Rules 21.1(d)(9), (h) and The Exchange has neither solicited
provided if the order posted to the
nor received written comments on the
(i) that modified the operation of BATS BATS Options Book and subsequently
proposed rule change. The Exchange
Post Only Orders 5 subject to the Price provided liquidity.9 The proposed rule has not received any written comments
Adjust 6 process on the Exchange’s change was filed with the Commission from members or other interested
options platform (‘‘BATS Options’’).7 on June 30, 2015 for immediate parties.
The text of the proposed rule change is effectiveness pursuant to Rule 19b–
available at the Exchange’s Web site at 4(f)(6)(iii) under the Act,10 and III. Date of Effectiveness of the
www.batstrading.com, at the principal therefore, is scheduled to become Proposed Rule Change and Timing for
office of the Exchange, and at the operative 30 days from the date on Commission Action
Commission’s Public Reference Room. which it was filed. Accordingly, the The Exchange has designated this rule
proposed rule change is scheduled to filing as non-controversial under
II. Self-Regulatory Organization’s become operative on July 30, 2015. The Section 19(b)(3)(A) of the Act 14 and
Statement of the Purpose of, and Exchange proposes to delay the paragraph (f)(6) of Rule 19b–4
Statutory Basis for, the Proposed Rule implementation of the proposed rule thereunder.15 The proposed rule change
Change change and will announce the exact effects a change that (A) does not
date via a publicly disseminated trading significantly affect the protection of
In its filing with the Commission, the notice, which will be issued at least two investors or the public interest; (B) does
Exchange included statements week prior to the implementation date. not impose any significant burden on
concerning the purpose of and basis for competition; and (C) by its terms, does
the proposed rule change and discussed 2. Statutory Basis
not become operative for 30 days after
any comments it received on the The Exchange believes that its the date of the filing, or such shorter
proposed rule change. The text of these proposal is consistent with Section 6(b) time as the Commission may designate
statements may be examined at the of the Act 11 in general, and furthers the if consistent with the protection of
places specified in Item IV below. The objectives of Section 6(b)(5) of the Act 12 investors and the public interest;
Exchange has prepared summaries, set in particular, in that it is designed to provided that the self-regulatory
forth in Sections A, B, and C below, of promote just and equitable principles of organization has given the Commission
the most significant parts of such trade, to foster cooperation and written notice of its intent to file the
statements. coordination with persons engaged in proposed rule change, along with a brief
facilitating transactions in securities, to description and text of the proposed
3 15 U.S.C. 78s(b)(3)(A). remove impediments to and perfect the rule change, at least five business days
4 17 CFR 240.19b–4(f)(6)(iii). mechanism of a free and open market prior to the date of filing of the
5 BATS Post Only Orders are orders that are to be and a national market system and, in proposed rule change, or such shorter
ranked and executed on the Exchange pursuant to general, to protect investors and the time as designated by the Commission.
Rule 21.8 (Order Display and Book Processing) or public interest. Delaying the The Exchange provided the Commission
cancelled, as appropriate, without routing away to implementation date will provide the with written notice of its intent to file
another trading center. See Exchange Rule
21.1(d)(9).
Exchange with additional time to the proposed rule change, along with a
6 In sum, under the Price Adjust process, a BATS implement and test the necessary brief description and text of the
Post Only order that locks or crosses a Protected modifications to its System,13 thereby proposed rule change at least five
Quotation displayed by the Exchange upon entry business days prior to the date of this
will continue to be ranked and displayed by the 8 ‘‘BATS Options Book’’ is defined as ‘‘the filing.
System at one minimum price variation below the electronic book of options orders maintained by the A proposed rule change filed under
asabaliauskas on DSK5VPTVN1PROD with NOTICES

current NBO (for bids) or to one minimum price Trading System.’’ See Exchange Rule 16.1(a)(9). Rule 19b–4(f)(6) 16 normally does not
variation above the current NBB (for offers). See 9 For a complete description of the proposed rule

Exchange Rule 21.1(i). change, see supra note 7.
become operative prior to 30 days after
7 See Securities Exchange Act Release No. 75360 10 17 CFR 240.19b–4(f)(6)(iii). the date of the filing. However, pursuant
(July 6, 2015), 80 FR 39816 (July 10, 2015) (SR– 11 15 U.S.C. 78f(b).

BATS–2015–51) (Notice of Filing and Immediate 12 15 U.S.C. 78f(b)(5). execution and, when applicable, routing away.’’
Effectiveness of a Proposed Rule Change to Modify 13 The term ‘‘System’’ is defined as ‘‘the Rule 1.5(aa).
14 15 U.S.C. 78s(b)(3)(A).
the Operation of BATS Post Only Orders Subject to electronic communications and trading facility
15 17 CFR 240.19b–4.
the Price Adjust Process on the Exchange’s Options designated by the Board through which securities
Platform). orders of Users are consolidated for ranking, 16 17 CFR 240.19b–4(f)(6).

VerDate Sep<11>2014 16:54 Aug 04, 2015 Jkt 235001 PO 00000 Frm 00079 Fmt 4703 Sfmt 4703 E:\FR\FM\05AUN1.SGM 05AUN1
Document Created: 2018-02-23 10:53:25
Document Modified: 2018-02-23 10:53:25
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 46615