80 FR 52532 - Self-Regulatory Organizations; BATS Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change Related to Fees for Use of BATS Exchange, Inc.

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 80, Issue 168 (August 31, 2015)

Page Range		52532-52534
FR Document		2015-21402
Federal Register, Volume 80 Issue 168 (Monday, August 31, 2015)
[Federal Register Volume 80, Number 168 (Monday, August 31, 2015)]
[Notices]
[Pages 52532-52534]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-21402]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-75754; File No. SR-BATS-2015-63]


Self-Regulatory Organizations; BATS Exchange, Inc.; Notice of 
Filing and Immediate Effectiveness of a Proposed Rule Change Related to 
Fees for Use of BATS Exchange, Inc.

August 25, 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 August 12, 2015, BATS Exchange, Inc. (the ``Exchange'' or 
``BATS'') filed with the Securities and Exchange Commission 
(``Commission'') the proposed rule change as described in Items I, II 
and III below, which Items have been prepared by the Exchange. The 
Exchange has designated the proposed rule change as one establishing or 
changing a member due, fee, or other charge imposed by the Exchange 
under Section 19(b)(3)(A)(ii) of the Act \3\ and Rule 19b-4(f)(2) 
thereunder,\4\ which renders the proposed rule change 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)(ii).
    \4\ 17 CFR 240.19b-4(f)(2).
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I. Self-Regulatory Organization's Statement of the Terms of Substance 
of the Proposed Rule Change

    The Exchange filed a proposal to amend the fee schedule applicable 
to Members \5\ and non-members of the Exchange pursuant to BATS Rules 
15.1(a) and (c).
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    \5\ The term ``Member'' is defined as ``any registered broker or 
dealer that has been admitted to membership in the Exchange.'' See 
Exchange Rule 1.5(n).
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    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.

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 proposes to modify the ``Options Pricing'' section of 
its fee schedule, effective immediately, in order to modify pricing 
charged by the Exchange's options platform (``BATS Options'') 
including: (i) To add definitions of Broker Dealer, Joint Back Office, 
and Non-BATS Market Maker; (ii) to update the definitions of Customer 
and Market Maker; (iii) to make certain corresponding changes 
associated with these new and updated definitions; and (iv) to create a 
new Professional Penny Pilot Add Volume Tier.
    The Exchange is proposing to add the definitions of Broker Dealer, 
Joint Back Office, and Non-BATS Market Maker to the BATS Options fee 
schedule. More specifically, the Exchange is proposing to add the 
following definitions: (i) ``Broker Dealer'' applies to any order for 
the account of a broker dealer, including a foreign broker dealer, that 
clears in the Customer range at the Options Clearing Corporation 
(``OCC''); (ii) ``Joint Back Office'' applies to any transaction 
identified by a Member for clearing in the Firm Range at the OCC that 
is identified with an origin code as Joint Back Office. A Joint Back 
Office participant is a Member that maintains a Joint Back Office 
arrangement with a clearing broker-dealer; and (iii) ``Non-BATS Market 
Maker'' applies to any transaction identified by a Member for clearing 
in the Market Maker range at the OCC, where such Member is not 
registered with the Exchange as a Market Maker, but is registered as a 
market maker on another options exchange. In conjunction with the 
proposed new defined terms above, the Exchange proposes to amend the 
fee schedule in multiple places (including the Standard Rates and Fee 
Codes and Associated Fees tables along with Footnotes 2, 3, 4, 6, 7, 
and 8) such that pricing for Broker Dealer and Joint Back Office 
transactions is the same as for Firm transactions and Non-BATS Market 
Maker transactions is the same as Market Maker transactions. In certain 
places, this includes using the term ``Non-Customer'' in order to 
capture pricing that relates to Professional, Firm, Market Maker, 
Broker Dealer, Joint Back Office, and Non-BATS Market Maker 
transactions.
    In conjunction with these proposed additions, the Exchange is also 
proposing to amend the current definitions of Customer, Market Maker, 
and Firm on the BATS Options fee schedule. Currently, the fee schedule 
states that ``Customer'' applies to any transaction identified by a 
Member for clearing in the Customer range at the OCC, excluding any 
transaction for a ``Professional'' as defined in Exchange Rule 16.1; 
``Market Maker'' applies to any transaction identified by a Member for 
clearing in the Market Maker range at the OCC; and ``Firm'' applies to 
any transaction identified by a Member for clearing in the Firm range 
at the OCC. In order to make these definitions work with proposed new 
definitions for Broker Dealer, Non-BATS Market Maker, and Joint Back 
Office described above, the Exchange is proposing that the definitions 
should read as follows: (i) ``Customer'' applies to any transaction 
identified by a Member for clearing in the Customer range at the

[[Page 52533]]

OCC, excluding any transaction for a Broker Dealer or a 
``Professional'' as defined in Exchange Rule 16.1; (ii) ``Market 
Maker'' applies to any transaction identified by a Member for clearing 
in the Market Maker range at the OCC, where such Member is registered 
with the Exchange as a Market Maker as defined in Rule 16.1(a)(37); and 
(iii) ``Firm'' applies to any transaction identified by a Member for 
clearing in the Firm range at the OCC, excluding any Joint Back office 
transaction.
    Finally, the Exchange is proposing to add a new ``Professional 
Penny Pilot Add Volume Tier''. Currently, Professional orders that add 
liquidity in Penny Pilot Securities receive a standard $0.40 rebate. 
Under the proposed new tier, a Member that has a combined ADAV \6\ in 
Customer, as proposed to be defined above, and Professional \7\ orders 
equal to or greater than 0.20% of average TCV \8\ would receive a $0.43 
rebate per contract for each Professional order that adds liquidity in 
Penny Pilot Securities.\9\
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    \6\ ``ADAV'' means average daily added volume calculated as the 
number of contracts added per day.
    \7\ ``Professional'' applies to any transaction identified by a 
Member as such pursuant to Exchange Rule 16.1.
    \8\ ``TCV'' means total consolidated volume calculated as the 
volume reported by all exchanges to the consolidated transaction 
reporting plan for the month for which the fees apply, excluding 
volume on any day that the Exchange experiences an Exchange System 
Disruption and on any day with a scheduled early market close.
    \9\ ``Penny Pilot Securities'' are those issues quoted pursuant 
to Exchange Rule 21.5, Interpretation and Policy .01.
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Implementation Date
    As noted above, the Exchange proposes to implement the amendments 
to its fee schedule effective immediately.
2. Statutory Basis
    The Exchange believes that the proposed rule change is consistent 
with the requirements of the Act and the rules and regulations 
thereunder that are applicable to a national securities exchange, and, 
in particular, with the requirements of Section 6 of the Act.\10\ 
Specifically, the Exchange believes that the proposed rule change is 
consistent with Section 6(b)(4) of the Act,\11\ in that it provides for 
the equitable allocation of reasonable dues, fees and other charges 
among members and other persons using any facility or system which the 
Exchange operates or controls. The Exchange notes that it operates in a 
highly competitive market in which market participants can readily 
direct order flow to competing venues if they deem fee levels to be 
excessive.
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    \10\ 15 U.S.C. 78f.
    \11\ 15 U.S.C. 78f(b)(4).
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    Volume-based rebates and fees such as the ones currently maintained 
on BATS Options have been widely adopted by equities and options 
exchanges and are equitable because they are open to all Members on an 
equal basis and provide additional benefits or discounts that are 
reasonably related to the value to an exchange's market quality 
associated with higher levels of market activity, such as higher levels 
of liquidity provision and/or growth patterns, and introduction of 
higher volumes of orders into the price and volume discovery processes.
    The Exchange believes that the proposed addition of the 
Professional Penny Pilot Add Volume Tier is a reasonable, fair and 
equitable, and not unfairly discriminatory allocation of fees and 
rebates because it marks an increased rebate (from $0.40 per contract 
to $0.43 per contract) available to all Members where the Member has a 
combined ADAV in Customer and Professional orders equal to or greater 
than 0.20% of average TCV. Such an increased rebate will provide 
Members entering Professional orders with the opportunity to receive 
higher rebates while simultaneously encouraging greater participation 
on BATS Options in both Professional and Customer orders, which the 
Exchange believes will result in higher levels of liquidity provision 
and introduction of higher volumes of orders into the price and volume 
discovery processes, which will benefit all participants on BATS 
Options.
    The Exchange believes that the proposed additional definitions, 
amendments to the existing definitions, and the corresponding changes 
throughout the fee schedule represent a reasonable, fair and equitable, 
and not unfairly discriminatory allocation of fees and rebates because 
the amendments are designed to allow Members to more precisely mark the 
capacity of orders entered on the Exchange. The proposed changes to the 
definitions will not affect fees or rebates and the corresponding 
changes are designed to make this clear. Further, the additional order 
capacities will bring the Exchange generally in line with industry 
standards and Member expectations, making the Exchange's pricing easier 
to understand.
    The Exchange reiterates that it operates in a highly competitive 
market in which market participants can readily direct order flow to 
competing venues if they deem fee levels to be excessive.

(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. With respect to the proposed 
new Professional Penny Pilot Add Volume Tier, the Exchange does not 
believe that the change burdens competition, but instead, that it 
enhances competition, as it is intended to increase the competitiveness 
of and draw additional volume to BATS Options.
    With respect to the proposed changes to the definitions and the 
corresponding changes throughout the fee schedule, the Exchange does 
not believe that any such changes burden competition, but instead, that 
they enhance competition by bringing the Exchange's fee schedule and 
capacities generally in line with industry standards which will make it 
easier for Members to understand.
    As stated above, the Exchange notes that it operates in a highly 
competitive market in which market participants can readily direct 
order flow to competing venues if the deem fee structures to be 
unreasonable or excessive.

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

    The Exchange has not solicited, and does not intend to solicit, 
comments on this 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 foregoing rule change has become effective pursuant to Section 
19(b)(3)(A) of the Act \12\ and paragraph (f) of Rule 19b-4 
thereunder.\13\ 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.
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    \12\ 15 U.S.C. 78s(b)(3)(A).
    \13\ 17 CFR 240.19b-4(f).
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IV. Solicitation of Comments

    Interested persons are invited to submit written data, views and 
arguments concerning the foregoing,

[[Page 52534]]

including whether the proposal is consistent with the Act. Comments may 
be submitted by any of the following methods:

Electronic Comments

     Use the Commission's Internet comment form (http://www.sec.gov/rules/sro.shtml); or
     Send an email to [email protected]. Please include 
File No. SR-BATS-2015-63 on the subject line.

Paper Comments

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

All submissions should refer to File No. SR-BATS-2015-63. 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 will also 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 No. SR-BATS-2015-63 and should be 
submitted on or before September 21, 2015.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\14\
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    \14\ 17 CFR 200.30-3(a)(12).
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Robert W. Errett,
Deputy Secretary.
[FR Doc. 2015-21402 Filed 8-28-15; 8:45 am]
BILLING CODE 8011-01-P
52532 Federal Register / Vol. 80, No. 168 / Monday, August 31, 2015 / Notices

rules/sro.shtml). Copies of the Exchange under Section 19(b)(3)(A)(ii) Office, and Non-BATS Market Maker to
submission, all subsequent of the Act 3 and Rule 19b–4(f)(2) the BATS Options fee schedule. More
amendments, all written statements thereunder,4 which renders the specifically, the Exchange is proposing
with respect to the proposed rule proposed rule change effective upon to add the following definitions: (i)
change that are filed with the filing with the Commission. The ‘‘Broker Dealer’’ applies to any order for
Commission, and all written Commission is publishing this notice to the account of a broker dealer, including
communications relating to the solicit comments on the proposed rule a foreign broker dealer, that clears in the
proposed rule change between the change from interested persons. Customer range at the Options Clearing
Commission and any person, other than Corporation (‘‘OCC’’); (ii) ‘‘Joint Back
I. Self-Regulatory Organization’s
those that may be withheld from the Office’’ applies to any transaction
Statement of the Terms of Substance of
public in accordance with the identified by a Member for clearing in
the Proposed Rule Change
provisions of 5 U.S.C. 552, will be the Firm Range at the OCC that is
available for Web site viewing and The Exchange filed a proposal to identified with an origin code as Joint
printing in the Commission’s Public amend the fee schedule applicable to Back Office. A Joint Back Office
Reference Room, 100 F Street NE., Members 5 and non-members of the participant is a Member that maintains
Washington, DC 20549 on official Exchange pursuant to BATS Rules a Joint Back Office arrangement with a
business days between the hours of 15.1(a) and (c). clearing broker-dealer; and (iii) ‘‘Non-
10:00 a.m. and 3:00 p.m. Copies of the The text of the proposed rule change BATS Market Maker’’ applies to any
filing also will be available for is available at the Exchange’s Web site transaction identified by a Member for
inspection and copying at the principal at www.batstrading.com, at the clearing in the Market Maker range at
office of FINRA. All comments received principal office of the Exchange, and at the OCC, where such Member is not
will be posted without change; the the Commission’s Public Reference registered with the Exchange as a
Commission does not edit personal Room.
Market Maker, but is registered as a
identifying information from II. Self-Regulatory Organization’s market maker on another options
submissions. You should submit only Statement of the Purpose of, and exchange. In conjunction with the
information that you wish to make Statutory Basis for, the Proposed Rule proposed new defined terms above, the
available publicly. All submissions Change Exchange proposes to amend the fee
should refer to File Number SR–FINRA– schedule in multiple places (including
2015–030, and should be submitted on In its filing with the Commission, the
Exchange included statements the Standard Rates and Fee Codes and
or before September 21, 2015. Associated Fees tables along with
concerning the purpose of and basis for
For the Commission, by the Division of the proposed rule change and discussed Footnotes 2, 3, 4, 6, 7, and 8) such that
Trading and Markets, pursuant to delegated any comments it received on the pricing for Broker Dealer and Joint Back
authority.13 Office transactions is the same as for
proposed rule change. The text of these
Robert W. Errett, Firm transactions and Non-BATS
statements may be examined at the
Deputy Secretary. places specified in Item IV below. The Market Maker transactions is the same
[FR Doc. 2015–21405 Filed 8–28–15; 8:45 am] Exchange has prepared summaries, set as Market Maker transactions. In certain
BILLING CODE 8011–01–P forth in Sections A, B, and C below, of places, this includes using the term
the most significant parts of such ‘‘Non-Customer’’ in order to capture
statements. pricing that relates to Professional,
SECURITIES AND EXCHANGE Firm, Market Maker, Broker Dealer,
COMMISSION (A) Self-Regulatory Organization’s Joint Back Office, and Non-BATS
Statement of the Purpose of, and Market Maker transactions.
[Release No. 34–75754; File No. SR–BATS– Statutory Basis for, the Proposed Rule
2015–63] In conjunction with these proposed
Change
additions, the Exchange is also
Self-Regulatory Organizations; BATS 1. Purpose proposing to amend the current
Exchange, Inc.; Notice of Filing and definitions of Customer, Market Maker,
The Exchange proposes to modify the
Immediate Effectiveness of a Proposed and Firm on the BATS Options fee
‘‘Options Pricing’’ section of its fee
Rule Change Related to Fees for Use schedule. Currently, the fee schedule
schedule, effective immediately, in
of BATS Exchange, Inc. states that ‘‘Customer’’ applies to any
order to modify pricing charged by the
August 25, 2015. Exchange’s options platform (‘‘BATS transaction identified by a Member for
Pursuant to Section 19(b)(1) of the Options’’) including: (i) To add clearing in the Customer range at the
Securities Exchange Act of 1934 (the definitions of Broker Dealer, Joint Back OCC, excluding any transaction for a
‘‘Act’’),1 and Rule 19b–4 thereunder,2 Office, and Non-BATS Market Maker; ‘‘Professional’’ as defined in Exchange
notice is hereby given that on August (ii) to update the definitions of Rule 16.1; ‘‘Market Maker’’ applies to
12, 2015, BATS Exchange, Inc. (the Customer and Market Maker; (iii) to any transaction identified by a Member
‘‘Exchange’’ or ‘‘BATS’’) filed with the make certain corresponding changes for clearing in the Market Maker range
Securities and Exchange Commission associated with these new and updated at the OCC; and ‘‘Firm’’ applies to any
(‘‘Commission’’) the proposed rule definitions; and (iv) to create a new transaction identified by a Member for
change as described in Items I, II and III Professional Penny Pilot Add Volume clearing in the Firm range at the OCC.
below, which Items have been prepared Tier. In order to make these definitions work
by the Exchange. The Exchange has The Exchange is proposing to add the with proposed new definitions for
tkelley on DSK3SPTVN1PROD with NOTICES

designated the proposed rule change as definitions of Broker Dealer, Joint Back Broker Dealer, Non-BATS Market
one establishing or changing a member Maker, and Joint Back Office described
due, fee, or other charge imposed by the
3 15 U.S.C. 78s(b)(3)(A)(ii). above, the Exchange is proposing that
4 17 CFR 240.19b–4(f)(2). the definitions should read as follows:
5 The term ‘‘Member’’ is defined as ‘‘any
13 17 CFR 200.30–3(a)(12). registered broker or dealer that has been admitted
(i) ‘‘Customer’’ applies to any
1 15 U.S.C. 78s(b)(1). to membership in the Exchange.’’ See Exchange transaction identified by a Member for
2 17 CFR 240.19b–4. Rule 1.5(n). clearing in the Customer range at the

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52534 Federal Register / Vol. 80, No. 168 / Monday, August 31, 2015 / Notices

including whether the proposal is DEPARTMENT OF STATE pursuant to a loan agreement with the
consistent with the Act. Comments may foreign owner or custodian. I also
[Public Notice: 9242]
be submitted by any of the following determine that the exhibition or display
methods: Determination by the Secretary of of the exhibit objects at The Jewish
State Relating to Iran Sanctions Museum, New York, New York, from on
Electronic Comments
or about September 25, 2015, until on or
• Use the Commission’s Internet ACTION: Notice. about February 7, 2016, at the Frist
comment form (http://www.sec.gov/ Center for the Visual Arts, Nashville,
rules/sro.shtml); or The Secretary of State determined on Tennessee, from on or about March 11,
August 13, 2015, pursuant to Section 2016, until on or about July 4, 2016, and
• Send an email to rule-comments@ 1245(d)(4)(D) of the National Defense at possible additional exhibitions or
sec.gov. Please include File No. SR– Authorization Act for Fiscal Year 2012 venues yet to be determined, is in the
BATS–2015–63 on the subject line. (NDAA), (Pub. L. 112–81), as amended, national interest. I have ordered that
Paper Comments that as of August 14, 2015, each of the Public Notice of these Determinations
following countries: Belgium, the Czech be published in the Federal Register.
• Send paper comments in triplicate Republic, France, Germany, Greece, FOR FURTHER INFORMATION CONTACT: For
to Secretary, Securities and Exchange Italy, the Netherlands, Poland, Spain, further information, including a list of
Commission, 100 F Street NE., Sri Lanka, and the United Kingdom the imported objects, contact the Office
Washington, DC 20549–1090. have maintained their crude oil of Public Diplomacy and Public Affairs
purchases from Iran at zero over the in the Office of the Legal Adviser, U.S.
All submissions should refer to File No.
preceding 180-day period. The Secretary Department of State (telephone: 202–
SR–BATS–2015–63. This file number
of State last made exception 632–6471; email: section2459@
should be included on the subject line
determinations under Section state.gov). The mailing address is U.S.
if email is used. To help the
1245(d)(4)(D) of the NDAA regarding Department of State, L/PD, SA–5, Suite
Commission process and review your
these purchasers on February 19, 2015. 5H03, Washington, DC 20522–0505.
comments more efficiently, please use
only one method. The Commission will FOR FURTHER INFORMATION CONTACT: Alex Dated: August 26, 2015.
post all comments on the Commission’s Whittington, Deputy Director, Office of
Kelly Keiderling,
Internet Web site (http://www.sec.gov/ the Middle East and Asia, Bureau of
Principal Deputy Assistant Secretary, Bureau
rules/sro.shtml). Copies of the Energy Resources, 202–736–7149,
of Educational and Cultural Affairs,
submission, all subsequent WhittingtonAE@state.gov. Department of State.
amendments, all written statements Dated: August 24, 2015. [FR Doc. 2015–21615 Filed 8–28–15; 8:45 am]
with respect to the proposed rule Amos Hochstein, BILLING CODE 4710–05–P
change that are filed with the Special Envoy and Coordinator for
Commission, and all written International Energy Affairs, Bureau of Energy
communications relating to the Resources, U.S. Department of State. DEPARTMENT OF STATE
proposed rule change between the [FR Doc. 2015–21489 Filed 8–28–15; 8:45 am]
[Public Notice 9244]
Commission and any person, other than BILLING CODE 4710–AE–P
those that may be withheld from the Culturally Significant Objects Imported
public in accordance with the for Exhibition Determinations: ‘‘Alberto
provisions of 5 U.S.C. 552, will be DEPARTMENT OF STATE Burri: The Trauma of Painting’’
available for Web site viewing and Exhibition
[Public Notice 9247]
printing in the Commission’s Public
Reference Room, 100 F Street NE., Culturally Significant Objects Imported SUMMARY: Notice is hereby given of the
Washington, DC 20549, on official for Exhibition Determinations: ‘‘The following determinations: Pursuant to
business days between the hours of Power of Pictures: Early Soviet the authority vested in me by the Act of
10:00 a.m. and 3:00 p.m. Copies of such Photography, Early Soviet Film’’ October 19, 1965 (79 Stat. 985; 22 U.S.C.
filing will also be available for Exhibition 2459), Executive Order 12047 of March
inspection and copying at the principal 27, 1978, the Foreign Affairs Reform and
office of the Exchange. All comments SUMMARY: Notice is hereby given of the Restructuring Act of 1998 (112 Stat.
received will be posted without change; following determinations: Pursuant to 2681, et seq.; 22 U.S.C. 6501 note, et
the Commission does not edit personal the authority vested in me by the Act of seq.), Delegation of Authority No. 234 of
identifying information from October 19, 1965 (79 Stat. 985; 22 U.S.C. October 1, 1999, Delegation of Authority
submissions. You should submit only 2459), Executive Order 12047 of March No. 236–3 of August 28, 2000 (and, as
information that you wish to make 27, 1978, the Foreign Affairs Reform and appropriate, Delegation of Authority No.
available publicly. All submissions Restructuring Act of 1998 (112 Stat. 257 of April 15, 2003), I hereby
should refer to File No. SR–BATS– 2681, et seq.; 22 U.S.C. 6501 note, et determine that the objects to be
2015–63 and should be submitted on or seq.), Delegation of Authority No. 234 of included in the exhibition ‘‘Alberto
before September 21, 2015. October 1, 1999, Delegation of Authority Burri: The Trauma of Painting,’’
No. 236–3 of August 28, 2000 (and, as imported from abroad for temporary
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
appropriate, Delegation of Authority No. exhibition within the United States, are
authority.14 257 of April 15, 2003), I hereby of cultural significance. The objects are
tkelley on DSK3SPTVN1PROD with NOTICES

determine that the objects to be imported pursuant to loan agreements
Robert W. Errett,
included in the exhibition ‘‘The Power with the foreign owners or custodians.
Deputy Secretary. of Pictures: Early Soviet Photography, I also determine that the exhibition or
[FR Doc. 2015–21402 Filed 8–28–15; 8:45 am] Early Soviet Film,’’ imported from display of the exhibit objects at the
BILLING CODE 8011–01–P abroad for temporary exhibition within Solomon R. Guggenheim Museum, New
the United States, are of cultural York, New York, from on or about
14 17 CFR 200.30–3(a)(12). significance. The objects are imported October 9, 2015, until on or about

VerDate Sep<11>2014 16:19 Aug 28, 2015 Jkt 235001 PO 00000 Frm 00095 Fmt 4703 Sfmt 4703 E:\FR\FM\31AUN1.SGM 31AUN1
Document Created: 2018-02-23 11:04:14
Document Modified: 2018-02-23 11:04:14
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 52532