80 FR 60424 - Self-Regulatory Organizations; BATS Y-Exchange, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Delete Rule 2.13, Fidelity Bonds
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 80, Issue 193 (October 6, 2015)
Federal Register Volume 80, Issue 193 (October 6, 2015)
| Page Range | 60424-60426 | |
| FR Document | 2015-25326 |
[Federal Register Volume 80, Number 193 (Tuesday, October 6, 2015)] [Notices] [Pages 60424-60426] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2015-25326] ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION [Release No. 34-76053; File No. SR-BYX-2015-42] Self-Regulatory Organizations; BATS Y-Exchange, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Delete Rule 2.13, Fidelity Bonds September 30, 2015. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (``Act''),\1\ and Rule 19b-4 thereunder,\2\ notice is hereby given that on September 24, 2015, BATS Y-Exchange, Inc. (the ``Exchange'' or ``BYX'') 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 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. --------------------------------------------------------------------------- \1\ See 15 U.S.C. 78s(b)(1). \2\ See 17 CFR 240.19b-4. \3\ 15 U.S.C. 78s(b)(3)(A). \4\ 17 CFR 240.19b-4(f)(6)(iii). --------------------------------------------------------------------------- I. Self-Regulatory Organization's Statement of the Terms of Substance of the Proposed Rule Change The Exchange is proposing to delete Rule 2.13, Fidelity Bonds, in order to conform to the rules of EDGA Exchange, Inc. (``EDGA'') and EDGX Exchange, Inc. (``EDGX''). 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 aspects of such statements. A. Self-Regulatory Organization's Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change 1. Purpose In early 2014, the Exchange and its affiliate, BATS Exchange, Inc. (``BZX''), received approval to effect a merger (the ``Merger'') of the Exchange's parent company, BATS Global Markets, Inc., with Direct Edge Holdings LLC, the indirect parent of EDGX, and EDGA (together with BZX, BYX and EDGX, the ``BGM Affiliated Exchanges'').\5\ In the context of the Merger, the BGM Affiliated Exchanges are working to align its [sic] rules, retaining only intended differences between the BGM Affiliated Exchanges. Thus, the proposal set forth below is intended to delete Rule 2.13, Fidelity Bonds, in order to conform to the rules of EDGA and EDGX in order to provide a consistent rule set across each of the BGM Affiliated Exchanges.\6\ --------------------------------------------------------------------------- \5\ See Securities Exchange Act Release No. 71375 (January 23, 2014), 79 FR 4771 (January 29, 2014) (SR-BATS-2013-059; SR-BYX-2013- 039). \6\ The Exchange notes that BZX intends to file a proposal to delete its identical Rule 2.13, Fidelity Bonds. --------------------------------------------------------------------------- In sum, Exchange Rule 2.13(a) states that each Member \7\ required to join the Securities Investor Protection Corporation (``SIPC'') who has employees and who is a member in good standing of another self- regulatory organization shall follow the applicable fidelity bond rule of the self-regulatory organization to which it is designated by the Commission for financial responsibility pursuant to Section 17 of the Act and SEC Rule 17d-1 thereunder (i.e., its Designated Examining Authority or ``DEA''). Subparagraph (b) to Rule 2.13 simply incorporates by reference NASD Rule 3020 (now FINRA Rule 4360) in to Exchange Rule 2.13. Subparagraph (c) of Rule 2.13 states that references to: (i) An ``Association member'' shall be construed as references to a ``Member''; and (ii) Article I, paragraph (q) of the By-Laws shall be construed as references to Exchange Rule 1.5(q). Lastly, [[Page 60425]] subparagraph (d) to Rule 2.13 states that pursuant to Exchange Rule 1.6, any Member subject to paragraph (c) of NASD Rule 3020 (now FINRA Rule 4360), through the application of paragraph (b) of Rule 2.13, may apply to the Exchange for an exemption from such requirements. The exemption may be granted upon a showing of good cause, including a substantial change in the circumstances or nature of the Member's business that results in a lower net capital requirement. The Exchange may issue an exemption subject to any condition or limitation upon a Member's bonding coverage that is deemed necessary to protect the public and serve the purposes of Rule 2.13. --------------------------------------------------------------------------- \7\ A Member is defined as ``any registered broker or dealer that has been admitted to membership in the Exchange.'' See Exchange Rule 1.5(n). --------------------------------------------------------------------------- The Exchange does not, nor does it currently intend to, act in the capacity of a DEA. Therefore, Rule 2.13 is obsolete as it does not apply to any of the Exchange's Members.\8\ The Exchange believes that eliminating Rule 2.13 would avoid unnecessary confusion with respect to the Exchange's rules because it does not have a direct nexus to the trading on the Exchange or the relationship between the Exchange and its Members. Deleting Rule 2.13 would not ease any of the requirements on its Members that are required to join SIPC as the Financial Industry Regulatory Authority (``FINRA'') and the New York Stock Exchange, Inc. (``NYSE'') serve as a DEA for those Members and include rules with similar requirements as current Exchange Rule 2.13.\9\ In addition, the Exchange notes that EDGA and EDGX do not contain a similar rule. As a result, eliminating Rule 2.13 would also provide for a consistent rule set across each of the BGM Affiliated Exchanges. --------------------------------------------------------------------------- \8\ The Exchange will submit a rule filing to the Commission to adopt requirements similar or identical to current Rule 2.13 should it become a DEA for any of its Members in the future. \9\ See FINRA Rule 4360 and NYSE Rule 4360. --------------------------------------------------------------------------- 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(b) of the Act.\10\ Specifically, the proposed change is consistent with Section 6(b)(5) of the Act,\11\ because it is designed to promote just and equitable principles of trade, 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. The proposed rule change is designed to provide a consistent rule set across each of the BGM Affiliated Exchanges. As mentioned above, the proposed rule changes, combined with the planned filing for BZX, would provide for a consistent set of rules across each of the BGM Affiliated Exchanges. Consistent rules, in turn, will simplify the regulatory requirements for Members of the Exchange that are also participants on EDGA, EDGX and/or BZX as well as result in greater uniformity, less burdensome and more efficient regulatory compliance and understanding of Exchange Rules. As such, the proposed rule change would foster cooperation and coordination with persons engaged in facilitating transactions in securities and would remove impediments to and perfect the mechanism of a free and open market and a national market system. --------------------------------------------------------------------------- \10\ 15 U.S.C. 78f(b). \11\ 15 U.S.C. 78f(b)(5). --------------------------------------------------------------------------- In addition, the proposed rule change would eliminate unnecessary confusion with respect to the Exchange's rules by removing a rule that has never had a direct nexus to the trading on the Exchange or the relationship between the Exchange and its Members. The Exchange believes that Rule 2.13 is obsolete as the Exchange does not, nor does it currently intend to, act in the capacity of a DEA. Deleting Rule 2.13 would not ease any of the requirements on its Members that are required to join SIPC as FINRA and the NYSE serve as a DEA for those Members and include rules containing similar requirements as current Exchange Rule 2.13.\12\ The Exchange believes that eliminating these rules will reduce any investor confusion regarding a rule the Exchange has never applied, nor intends to apply. Further, eliminating unnecessary and obsolete rules removes impediments to the perfection of the mechanisms for a free and open market system consistent with the requirements of Section 6(b)(5) of the Act.\13\ --------------------------------------------------------------------------- \12\ See FINRA Rule 4360 and NYSE Rule 4360. \13\ 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 result in any burden on competition that is not necessary or appropriate in furtherance of the purposes of the Act. The Exchange notes that deleting Rule 2.13 will align Exchange rules with those of the BGM Affiliated Exchanges. The Exchange has never utilized this rule, nor does the Exchange intend to utilize it in the future. Therefore, the Exchange does not believe that eliminating Rule 2.13 will impose any burden 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. 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. --------------------------------------------------------------------------- \14\ 15 U.S.C. 78s(b)(3)(A). \15\ 17 CFR 240.19b-4. --------------------------------------------------------------------------- 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 CommentsUse the Commission's Internet comment form (http://www.sec.gov/rules/sro.shtml); or [[Page 60426]] Send an email to [email protected]. Please include File Number SR-BYX-2015-42 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 Number SR-BYX-2015-42. 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 the 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-BYX-2015-42 and should be submitted on or before October 27, 2015. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.\16\ --------------------------------------------------------------------------- \16\ See 17 CFR 200.30-3(a)(12). --------------------------------------------------------------------------- Robert W. Errett, Deputy Secretary. [FR Doc. 2015-25326 Filed 10-5-15; 8:45 am] BILLING CODE 8011-01-P
![60424 Federal Register / Vol. 80, No. 193 / Tuesday, October 6, 2015 / Notices
IV. Solicitation of Comments For the Commission, by the Division of concerning the purpose of and basis for
Trading and Markets, pursuant to delegated the proposed rule change and discussed
Interested persons are invited to authority.18 any comments it received on the
submit written data, views, and Robert W. Errett, proposed rule change. The text of these
arguments concerning the foregoing, Deputy Secretary. statements may be examined at the
including whether the proposed rule [FR Doc. 2015–25330 Filed 10–5–15; 8:45 am] places specified in Item IV below. The
change is consistent with the Act. BILLING CODE 8011–01–P Exchange has prepared summaries, set
Comments may be submitted by any of forth in sections A., B., and C. below, of
the following methods: the most significant aspects of such
SECURITIES AND EXCHANGE statements.
Electronic Comments COMMISSION
A. Self-Regulatory Organization’s
• Use the Commission’s Internet [Release No. 34–76053; File No. SR–BYX– Statement of the Purpose of, and
comment form (http://www.sec.gov/ 2015–42] Statutory Basis for, the Proposed Rule
rules/sro.shtml); or Change
Self-Regulatory Organizations; BATS
• Send an email to rule- 1. Purpose
Y-Exchange, Inc.; Notice of Filing and
comments@sec.gov. Please include File Immediate Effectiveness of Proposed In early 2014, the Exchange and its
Number SR–FINRA–2015–035 on the Rule Change To Delete Rule 2.13, affiliate, BATS Exchange, Inc. (‘‘BZX’’),
subject line. Fidelity Bonds received approval to effect a merger (the
Paper Comments ‘‘Merger’’) of the Exchange’s parent
September 30, 2015. company, BATS Global Markets, Inc.,
• Send paper comments in triplicate Pursuant to Section 19(b)(1) of the with Direct Edge Holdings LLC, the
to Secretary, Securities and Exchange Securities Exchange Act of 1934 indirect parent of EDGX, and EDGA
Commission, 100 F Street NE., (‘‘Act’’),1 and Rule 19b–4 thereunder,2 (together with BZX, BYX and EDGX, the
Washington, DC 20549–1090. notice is hereby given that on ‘‘BGM Affiliated Exchanges’’).5 In the
September 24, 2015, BATS Y-Exchange, context of the Merger, the BGM
All submissions should refer to File Inc. (the ‘‘Exchange’’ or ‘‘BYX’’) filed Affiliated Exchanges are working to
Number SR–FINRA–2015–035. This file with the Securities and Exchange align its [sic] rules, retaining only
number should be included on the Commission (‘‘Commission’’) the intended differences between the BGM
subject line if email is used. To help the proposed rule change as described in Affiliated Exchanges. Thus, the proposal
Commission process and review your Items I and II below, which Items have set forth below is intended to delete
comments more efficiently, please use been prepared by the Exchange. The Rule 2.13, Fidelity Bonds, in order to
only one method. The Commission will Exchange has designated this proposal conform to the rules of EDGA and EDGX
post all comments on the Commission’s as a ‘‘non-controversial’’ proposed rule in order to provide a consistent rule set
Internet Web site (http://www.sec.gov/ change pursuant to Section 19(b)(3)(A) across each of the BGM Affiliated
rules/sro.shtml). Copies of the of the Act 3 and Rule 19b–4(f)(6)(iii) Exchanges.6
submission, all subsequent thereunder,4 which renders it effective In sum, Exchange Rule 2.13(a) states
amendments, all written statements upon filing with the Commission. The that each Member 7 required to join the
with respect to the proposed rule Commission is publishing this notice to Securities Investor Protection
change that are filed with the solicit comments on the proposed rule Corporation (‘‘SIPC’’) who has
Commission, and all written change from interested persons. employees and who is a member in
good standing of another self-regulatory
communications relating to the I. Self-Regulatory Organization’s
organization shall follow the applicable
proposed rule change between the Statement of the Terms of Substance of
fidelity bond rule of the self-regulatory
Commission and any person, other than the Proposed Rule Change
organization to which it is designated by
those that may be withheld from the The Exchange is proposing to delete the Commission for financial
public in accordance with the Rule 2.13, Fidelity Bonds, in order to responsibility pursuant to Section 17 of
provisions of 5 U.S.C. 552, will be conform to the rules of EDGA Exchange, the Act and SEC Rule 17d–1 thereunder
available for Web site viewing and Inc. (‘‘EDGA’’) and EDGX Exchange, Inc. (i.e., its Designated Examining
printing in the Commission’s Public (‘‘EDGX’’). Authority or ‘‘DEA’’). Subparagraph (b)
Reference Room, 100 F Street NE., The text of the proposed rule change to Rule 2.13 simply incorporates by
Washington, DC 20549 on official is available at the Exchange’s Web site reference NASD Rule 3020 (now FINRA
business days between the hours of at www.batstrading.com, at the Rule 4360) in to Exchange Rule 2.13.
10:00 a.m. and 3:00 p.m. Copies of such principal office of the Exchange, and at Subparagraph (c) of Rule 2.13 states that
filing also will be available for the Commission’s Public Reference references to: (i) An ‘‘Association
inspection and copying at the principal Room. member’’ shall be construed as
offices of FINRA. All comments references to a ‘‘Member’’; and (ii)
II. Self-Regulatory Organization’s Article I, paragraph (q) of the By-Laws
received will be posted without change; Statement of the Purpose of, and
the Commission does not edit personal shall be construed as references to
Statutory Basis for, the Proposed Rule Exchange Rule 1.5(q). Lastly,
identifying information from Change
submissions. You should submit only
In its filing with the Commission, the 5 See Securities Exchange Act Release No. 71375
tkelley on DSK3SPTVN1PROD with NOTICES
information that you wish to make (January 23, 2014), 79 FR 4771 (January 29, 2014)
Exchange included statements
available publicly. All submissions (SR–BATS–2013–059; SR–BYX–2013–039).
should refer to File Number SR–FINRA– 18 17 CFR 200.30–3(a)(12).
6 The Exchange notes that BZX intends to file a
2015–035, and should be submitted on proposal to delete its identical Rule 2.13, Fidelity
1 See 15 U.S.C. 78s(b)(1). Bonds.
or before October 27, 2015. 2 See 17 CFR 240.19b–4. 7 A Member is defined as ‘‘any registered broker
3 15 U.S.C. 78s(b)(3)(A).
or dealer that has been admitted to membership in
4 17 CFR 240.19b–4(f)(6)(iii). the Exchange.’’ See Exchange Rule 1.5(n).
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![60426 Federal Register / Vol. 80, No. 193 / Tuesday, October 6, 2015 / Notices
• Send an email to rule-comments@ SECURITIES AND EXCHANGE Participating Organizations approved by
sec.gov. Please include File Number SR– COMMISSION the SEC on December 3, 2010.3 The
BYX–2015–42 on the subject line. Commission is publishing this notice to
[Release No. 34–76056; File No. 4–618]
solicit comments on the 17d–2 Plan
Paper Comments from interested persons.
Program for Allocation of Regulatory
• Send paper comments in triplicate Responsibilities Pursuant to Rule 17d– I. Introduction
to Secretary, Securities and Exchange 2; Notice of Filing of Proposed
Section 19(g)(1) of the Act,4 among
Commission, 100 F Street NE., Amended Plan for the Allocation of
other things, requires every self-
Washington, DC 20549–1090. Regulatory Responsibilities Between
regulatory organization (‘‘SRO’’)
BATS Exchange, Inc., BATS Y-
All submissions should refer to File registered as either a national securities
Exchange, Inc., BOX Options
Number SR–BYX–2015–42. This file exchange or national securities
Exchange LLC, Chicago Board Options
number should be included on the association to examine for, and enforce
Exchange, Incorporated, C2 Options
subject line if email is used. To help the compliance by, its members and persons
Exchange, Incorporated, Chicago
associated with its members with the
Commission process and review your Stock Exchange, Inc., EDGA
Act, the rules and regulations
comments more efficiently, please use Exchange, Inc., EDGX Exchange, Inc.,
thereunder, and the SRO’s own rules,
only one method. The Commission will Financial Industry Regulatory
unless the SRO is relieved of this
post all comments on the Commission’s Authority, Inc., International Securities
responsibility pursuant to Section 17(d)
Internet Web site (http://www.sec.gov/ Exchange, LLC, ISE Gemini, LLC,
or Section 19(g)(2) of the Act.5 Without
rules/sro.shtml). Miami International Securities
this relief, the statutory obligation of
Exchange, LLC, The NASDAQ Stock
Copies of the submission, all each individual SRO could result in a
Market LLC, NASDAQ OMX BX, Inc.,
subsequent amendments, all written pattern of multiple examinations of
NASDAQ OMX PHLX, Inc., National
statements with respect to the proposed broker-dealers that maintain
Stock Exchange, Inc., New York Stock
rule change that are filed with the memberships in more than one SRO
Exchange LLC, NYSE MKT LLC, and
Commission, and all written (‘‘common members’’). Such regulatory
NYSE Arca, Inc.
communications relating to the duplication would add unnecessary
proposed rule change between the September 30, 2015. expenses for common members and
Commission and any person, other than Pursuant to Section 17(d) of the their SROs.
Securities Exchange Act of 1934 Section 17(d)(1) of the Act 6 was
those that may be withheld from the
(‘‘Act’’),1 and Rule 17d–2 thereunder,2 intended, in part, to eliminate
public in accordance with the
notice is hereby given that on unnecessary multiple examinations and
provisions of 5 U.S.C. 552, will be regulatory duplication.7 With respect to
September 2, 2015, BATS Exchange,
available for Web site viewing and a common member, Section 17(d)(1)
Inc. (‘‘BATS’’), BATS Y-Exchange, Inc.
printing in the Commission’s Public (‘‘BATS Y’’), BOX Options Exchange authorizes the Commission, by rule or
Reference Room, 100 F Street NE., LLC (‘‘BOX’’), Chicago Board Options order, to relieve an SRO of the
Washington, DC 20549, on official Exchange, Incorporated (‘‘CBOE’’), C2 responsibility to receive regulatory
business days between the hours of Options Exchange, Incorporated (‘‘C2’’), reports, to examine for and enforce
10:00 a.m. and 3:00 p.m. Copies of the Chicago Stock Exchange, Inc. (‘‘CHX’’), compliance with applicable statutes,
filing also will be available for EDGA Exchange, Inc. (‘‘EDGA’’), EDGX rules, and regulations, or to perform
inspection and copying at the principal Exchange, Inc. (‘‘EDGX’’), Financial other specified regulatory functions.
office of the Exchange. All comments Industry Regulatory Authority, Inc. To implement Section 17(d)(1), the
received will be posted without change; (‘‘FINRA’’), International Securities Commission adopted two rules: Rule
the Commission does not edit personal Exchange, LLC (‘‘ISE’’), ISE Gemini, LLC 17d–1 and Rule 17d–2 under the Act.8
identifying information from (‘‘ISE Gemini’’), Miami International Rule 17d–1 authorizes the Commission
submissions. You should submit only Securities Exchange, LLC (‘‘MIAX’’), to name a single SRO as the designated
information that you wish to make The NASDAQ Stock Market LLC examining authority (‘‘DEA’’) to
available publicly. (‘‘NASDAQ’’), NASDAQ OMX BX, Inc. examine common members for
(‘‘BX’’), NASDAQ OMX PHLX, Inc. compliance with the financial
All submissions should refer to File responsibility requirements imposed by
(‘‘Phlx’’), National Stock Exchange, Inc.
Number SR–BYX–2015–42 and should (‘‘NSX’’), New York Stock Exchange the Act, or by Commission or SRO
be submitted on or before October 27, LLC (‘‘NYSE’’), NYSE MKT LLC (‘‘NYSE rules.9 When an SRO has been named as
2015. MKT’’), and NYSE Arca, Inc. (‘‘NYSE a common member’s DEA, all other
For the Commission, by the Division of Arca’’) (each, a ‘‘Participating SROs to which the common member
Trading and Markets, pursuant to delegated Organization,’’ and, together, the belongs are relieved of the responsibility
authority.16 ‘‘Participating Organizations’’ or the
Robert W. Errett, ‘‘Parties’’), filed with the Securities and 3 See Securities Exchange Act Release No. 63230
Exchange Commission (‘‘Commission’’ (November 2, 2010), 75 FR 68632 (November 8,
Deputy Secretary. 1976).
or ‘‘SEC’’) an amended plan for the 4 15 U.S.C. 78s(g)(1).
[FR Doc. 2015–25326 Filed 10–5–15; 8:45 am]
allocation of regulatory responsibilities 5 15 U.S.C. 78q(d) and 15 U.S.C. 78s(g)(2),
BILLING CODE 8011–01–P with respect to certain Regulation NMS respectively.
Rules listed in Exhibit A to the Plan 6 15 U.S.C. 78q(d)(1).
tkelley on DSK3SPTVN1PROD with NOTICES
(‘‘17d–2 Plan’’ or the ‘‘Plan’’). As further 7 See Securities Act Amendments of 1975, Report
discussed in Section II, below, this of the Senate Committee on Banking, Housing, and
Urban Affairs to Accompany S. 249, S. Rep. No. 94–
Agreement amends and restates the 75, 94th Cong., 1st Session 32 (1975).
agreement by and among the 8 17 CFR 240.17d–1 and 17 CFR 240.17d–2,
respectively.
1 15 U.S.C. 78q(d). 9 See Securities Exchange Act Release No. 12352
16 See 17 CFR 200.30–3(a)(12). 2 17 CFR 240.17d–2. (April 20, 1976), 41 FR 18808 (May 7, 1976).
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Document Created: 2015-12-15 08:50:49
Document Modified: 2015-12-15 08:50:49
| 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 60424 |
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