80 FR 63598 - Self-Regulatory Organizations; Chicago Board Options Exchange, Incorporated; Notice of Filing and Immediate Effectiveness of Proposed Rule Change to End of Week/End of Month Expirations Pilot Program

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 80, Issue 202 (October 20, 2015)

Page Range		63598-63600
FR Document		2015-26520
Federal Register, Volume 80 Issue 202 (Tuesday, October 20, 2015)
[Federal Register Volume 80, Number 202 (Tuesday, October 20, 2015)]
[Notices]
[Pages 63598-63600]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-26520]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-76149; File No. SR-CBOE-2015-085]


Self-Regulatory Organizations; Chicago Board Options Exchange, 
Incorporated; Notice of Filing and Immediate Effectiveness of Proposed 
Rule Change to End of Week/End of Month Expirations Pilot Program

October 14, 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 October 1, 2015, Chicago Board Options Exchange, Incorporated 
(the ``Exchange'' or ``CBOE'') 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 filed the proposal as a ``non-controversial'' 
proposed rule change pursuant to Section 19(b)(3)(A)(iii) of the Act 
\3\ and Rule 19b-4(f)(6) thereunder.\4\ 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)(iii).
    \4\ 17 CFR 240.19b-4(f)(6).
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I. Self-Regulatory Organization's Statement of the Terms of Substance 
of the Proposed Rule Change

    CBOE proposes to amend Rule 24.9(e) (End of Week/End of Month 
Expirations Pilot Program (``Program'')) by clarifying the maximum 
numbers of expirations permitted to be listed under the Program and by 
deleting outdated text from Rule 24.9(e). The Exchange is not proposing 
to change the substantive content of Rule 24.9(e).
    The text of the proposed rule change is available on the Exchange's 
Web site (http://www.cboe.com/AboutCBOE/CBOELegalRegulatoryHome.aspx), 
at the Exchange's Office of the Secretary, and at the Commission.

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
    On September 14, 2010, the Commission approved CBOE's proposal to 
establish a pilot program under which CBOE is permitted to list P.M.-
settled options on broad-based indexes to expire on (a) any Friday of 
the month, other than the third Friday-of-the-month, and (b) the last 
trading day of the month.\5\ The terms of the Program are set forth in 
Rule 24.9(e) and End of Week Expirations (``EOWs'') and End of Month 
Expirations (``EOMs'') are permitted on any broad-based index that is 
eligible for standard options trading. EOWs and EOMs are cash-settled 
expirations with European-style exercise, and are subject to the same 
rules that govern the trading of standard index options.
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    \5\ See Securities Exchange Act Release No. 62911 (September 14, 
2010), 75 FR 57539 (September 21, 2010) (order approving SR-CBOE-
2009-075).
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Maximum Numbers of Expirations Permitted Under Program
    This current filing proposes to amend Rule 24.9(e) by clarifying 
the maximum numbers of expirations permitted to be listed under the 
Program. In support of this change, CBOE states that EOWs and EOMs are 
subject to the same rules governing standard options on the same broad-
based index class. In the filing to establish the Program, CBOE 
provided example expirations for EOWs and EOMs and cited to Rule 
24.9(a)(2) as the specific rule governing the expiration months that 
may be listed for index options.\6\ Because Rule 24.9(a)(2) is phrased 
in terms of ``standard monthly expirations'' (vs. the more general term 
``expirations''), CBOE believes that some ambiguity may exist as to the 
maximum numbers of EOWs and EOMs that may be listed under the Program. 
In addition, CBOE believes that providing for the maximum numbers of 
expirations permitted under the Program within Rule 24.9(e) would make 
that Program clearer on its face by eliminating any potential ambiguity 
about the maximum numbers of expirations permitted under the Program. 
As a result, CBOE proposes to amend the Program as follows.
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    \6\ Id., at note 5.
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    Respecting EOWs, CBOE proposes to amend Rule 24.9(e)(1) by adding 
the following rule text:

    The maximum numbers of expirations that may be listed for EOWs 
is the same as the maximum numbers of expirations permitted in Rule 
24.9(a)(2) for standard options on the same broad-based index. EOW 
expirations shall be for the nearest Friday expirations from the 
actual listing date, other than the third Friday-of-the-month or 
that coincide with an EOM expiration. If the last trading day of a 
month is a Friday, the Exchange will list an EOM and not an EOW. 
Other expirations in the same class are not counted as part of the 
maximum numbers of EOW expirations for a broad-based index class.

    In support of this change, CBOE states that under Rule 24.9(a)(2), 
the maximum numbers of expirations varies depending on the type of 
class or by specific class. Therefore, the maximum number of 
expirations permitted for EOWs on a given class would be determined 
based on the specific broad-based index option class. For example, if 
the broad-based index option class is used to calculate a volatility 
index, the maximum number of EOWs permitted in that class would be 12 
expirations (as is permitted in Rule 24.9(a)(2)). For EOWs, CBOE 
proposes to require that the expirations be for weeks that are in the 
nearest Friday from the actual listing date, other than the third 
Friday-of-the-month or that coincide with an EOM expiration. CBOE 
proposes to set forth the listing hierarchy described in the original 
Program filing, which provides that if the last trading day of a month

[[Page 63599]]

is a Friday, the Exchange would list an EOM and not an EOW.\7\ Finally, 
CBOE proposes to clarify that other expirations in the same class would 
not be counted as part of the maximum numbers of EOW expirations for a 
broad-based index class. CBOE states that this provision is similar to 
one recently adopted in connection with weekly CBOE Volatility Index 
(``VIX'') expirations, in that standard VIX expirations are not counted 
toward the maximum number of expirations permitted for weekly 
expiration in VIX options.\8\
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    \7\ Id., at note 5.
    \8\ See fourth bullet under Rule 24.9(a)(2).
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    Respecting EOMs, CBOE proposes to amend Rule 24.9(e)(2) by adding 
the following rule text:

    The maximum numbers of expirations that may be listed for EOMs 
is the same as the maximum numbers of expirations permitted in Rule 
24.9(a)(2) for standard options on the same broad-based index. EOM 
expirations shall be for the nearest end of month expirations from 
the actual listing date. Other expirations in the same class are not 
counted as part of the maximum numbers of EOM expirations for a 
broad-based index class.

    In support of this change, CBOE states that under Rule 24.9(a)(2), 
the maximum numbers of expirations varies depending on the type of 
class or by specific class. Therefore, the maximum number of 
expirations permitted for EOMs on a given class would be determined 
based on the specific broad-based index option class. For example, if 
the broad-based index option class is used to calculate a volatility 
index, the maximum number of EOMs permitted in that class would be 12 
expirations (as is permitted in Rule 24.9(a)(2)). For EOMs, CBOE 
proposes to require that the expirations be for the nearest end of 
month expirations from the actual listing date. Finally, CBOE proposes 
to clarify that other expirations in the same class would not be 
counted as part of the maximum numbers of EOM expirations for a broad-
based index class. CBOE states that this provision is similar to one 
recently adopted in connection with weekly VIX expirations, in that 
standard VIX expirations are not counted toward the maximum number of 
expirations permitted for weekly expiration in VIX options.\9\
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    \9\ See fourth bullet under Rule 24.9(a)(2).
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    The above described changes hard code into CBOE's rule its existing 
listing practice as to the maximum numbers of expirations permitted 
under the Program. Currently, the maximum numbers of expirations are 
not populated for EOWs and EOMs; however, the same is true for standard 
expirations in certain broad-based index option classes. As a result, 
CBOE believes that setting forth the maximum potential of a rule is 
non-controversial and is consistent with how CBOE has treated EOWs and 
EOMs under the Program since its adoption in 2010. In any event, CBOE 
has analyzed its capacity and represents that it believes the Exchange 
and the Options Price Reporting Authority (``OPRA'') have the necessary 
systems capacity to handle any additional traffic associated with the 
listing the maximum numbers of expirations permitted under the Program.
Remove Outdate [sic] Rule Text
    The Exchange proposes to make non-substantive changes to Rule 
24.9(e) by deleting rule text that references items with dates in 2011 
and 2015 that have passed. The Exchange represents that this rule text 
language is obsolete. Also, the Exchange is proposing to replace 
references to ``regular options'' with ``standard options'' to conform 
references to third-Friday expiring options (standard) between Rule 
24.9(a) (which uses ``standard'' when referring to third-Friday 
expiring options) and Rule 24.9(e).
2. Statutory Basis
    The Exchange believes the proposed rule change is consistent with 
the Act and the rules and regulations thereunder, including the 
requirements of Section 6(b) of the Act.\10\ In particular, the 
Exchange believes the proposed rule change is consistent with the 
Section 6(b)(5) \11\ requirements that the rules of an exchange be 
designed to promote just and equitable principles of trade, to prevent 
fraudulent and manipulative acts, to foster cooperation and 
coordination with persons engaged in facilitating transactions in 
securities, to remove impediments to and to perfect the mechanism for a 
free and open market and a national market system, and, in general, to 
protect investors and the public interest.
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    \10\ 15 U.S.C. 78f(b).
    \11\ 15 U.S.C. 78f(b)(5).
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    Specifically, the Exchange believes that some ambiguity may exist 
as to the maximum numbers of EOWs and EOMs that may be listed under the 
Program. Setting forth the numbers of expirations permitted under the 
Program would benefit market participants by making that Program 
clearer on its face by eliminating any potential ambiguity about the 
maximum numbers of expirations permitted under the Program. The 
Exchange also believes that the current proposal is designed to promote 
just and equitable principles of trade because it would hard code into 
CBOE's rule its existing listing practice as to the maximum numbers of 
expirations permitted under the Program.

B. Self-Regulatory Organization's Statement on Burden on Competition

    This proposed rule change does not impose any burden on competition 
that is not necessary or appropriate in furtherance of the purposes of 
the Act. Specifically, CBOE believes that providing clarification about 
the numbers of expirations permitted under the Program would benefit 
all market participants who trade expirations listed under the Program 
and does not 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 neither solicited nor received comments on the 
proposed rule change.

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

    Because the foregoing proposed rule change does not:
    A. Significantly affect the protection of investors or the public 
interest;
    B. impose any significant burden on competition; and
    C. become operative for 30 days from the date on which it was 
filed, or such shorter time as the Commission may designate, it has 
become effective pursuant to Section 19(b)(3)(A) of the Act \12\ and 
Rule 19b-4(f)(6) \13\ thereunder. 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 will institute proceedings to determine whether the proposed 
rule change should be approved or disapproved.
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    \12\ 15 U.S.C. 78s(b)(3)(A).
    \13\ 17 CFR 240.19b-4(f)(6).
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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.

[[Page 63600]]

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 Number SR-CBOE-2015-085 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-CBOE-2015-085. 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-CBOE-2015-085 and should be 
submitted on or before November 10, 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. 2015-26520 Filed 10-19-15; 8:45 am]
BILLING CODE 8011-01-P
63598 Federal Register / Vol. 80, No. 202 / Tuesday, October 20, 2015 / Notices

available for Web site viewing and I. Self-Regulatory Organization’s numbers of expirations permitted to be
printing in the Commission’s Public Statement of the Terms of Substance of listed under the Program. In support of
Reference Room, 100 F Street NE., the Proposed Rule Change this change, CBOE states that EOWs and
Washington, DC 20549 on official CBOE proposes to amend Rule 24.9(e) EOMs are subject to the same rules
business days between the hours of (End of Week/End of Month Expirations governing standard options on the same
10:00 a.m. and 3:00 p.m. Copies of the Pilot Program (‘‘Program’’)) by clarifying broad-based index class. In the filing to
filing also will be available for the maximum numbers of expirations establish the Program, CBOE provided
inspection and copying at the principal permitted to be listed under the Program example expirations for EOWs and
office of the MSRB. All comments and by deleting outdated text from Rule EOMs and cited to Rule 24.9(a)(2) as the
received will be posted without change; 24.9(e). The Exchange is not proposing specific rule governing the expiration
the Commission does not edit personal to change the substantive content of months that may be listed for index
identifying information from Rule 24.9(e). options.6 Because Rule 24.9(a)(2) is
The text of the proposed rule change phrased in terms of ‘‘standard monthly
submissions. You should submit only
is available on the Exchange’s Web site expirations’’ (vs. the more general term
information that you wish to make
(http://www.cboe.com/AboutCBOE/ ‘‘expirations’’), CBOE believes that some
available publicly. All submissions ambiguity may exist as to the maximum
CBOELegalRegulatoryHome.aspx), at
should refer to File Number SR–MSRB– numbers of EOWs and EOMs that may
the Exchange’s Office of the Secretary,
2015–11 and should be submitted on or be listed under the Program. In addition,
and at the Commission.
before November 10, 2015. CBOE believes that providing for the
II. Self-Regulatory Organization’s maximum numbers of expirations
For the Commission, pursuant to delegated
authority.25
Statement of the Purpose of, and permitted under the Program within
Statutory Basis for, the Proposed Rule
Robert W. Errett, Rule 24.9(e) would make that Program
Change
Deputy Secretary. clearer on its face by eliminating any
In its filing with the Commission, the potential ambiguity about the maximum
[FR Doc. 2015–26516 Filed 10–19–15; 8:45 am]
Exchange included statements numbers of expirations permitted under
BILLING CODE 8011–01–P concerning the purpose of and basis for the Program. As a result, CBOE proposes
the proposed rule change and discussed to amend the Program as follows.
any comments it received on the Respecting EOWs, CBOE proposes to
SECURITIES AND EXCHANGE proposed rule change. The text of these amend Rule 24.9(e)(1) by adding the
COMMISSION statements may be examined at the following rule text:
places specified in Item IV below. The The maximum numbers of expirations that
[Release No. 34–76149; File No. SR–CBOE– Exchange has prepared summaries, set may be listed for EOWs is the same as the
2015–085] forth in sections A, B, and C below, of maximum numbers of expirations permitted
the most significant aspects of such in Rule 24.9(a)(2) for standard options on the
Self-Regulatory Organizations; statements. same broad-based index. EOW expirations
Chicago Board Options Exchange, shall be for the nearest Friday expirations
A. Self-Regulatory Organization’s from the actual listing date, other than the
Incorporated; Notice of Filing and
Statement of the Purpose of, and third Friday-of-the-month or that coincide
Immediate Effectiveness of Proposed Statutory Basis for, the Proposed Rule
Rule Change to End of Week/End of with an EOM expiration. If the last trading
Change day of a month is a Friday, the Exchange will
Month Expirations Pilot Program list an EOM and not an EOW. Other
1. Purpose expirations in the same class are not counted
October 14, 2015.
On September 14, 2010, the as part of the maximum numbers of EOW
Pursuant to Section 19(b)(1) of the Commission approved CBOE’s proposal expirations for a broad-based index class.
Securities Exchange Act of 1934 to establish a pilot program under In support of this change, CBOE states
(‘‘Act’’),1 and Rule 19b–4 thereunder,2 which CBOE is permitted to list P.M.- that under Rule 24.9(a)(2), the
notice is hereby given that, on October settled options on broad-based indexes maximum numbers of expirations varies
1, 2015, Chicago Board Options to expire on (a) any Friday of the month, depending on the type of class or by
Exchange, Incorporated (the ‘‘Exchange’’ other than the third Friday-of-the- specific class. Therefore, the maximum
or ‘‘CBOE’’) filed with the Securities month, and (b) the last trading day of number of expirations permitted for
and Exchange Commission the month.5 The terms of the Program EOWs on a given class would be
(‘‘Commission’’) the proposed rule are set forth in Rule 24.9(e) and End of determined based on the specific broad-
change as described in Items I, II, and Week Expirations (‘‘EOWs’’) and End of based index option class. For example,
III below, which Items have been Month Expirations (‘‘EOMs’’) are if the broad-based index option class is
prepared by the Exchange. The permitted on any broad-based index that used to calculate a volatility index, the
Exchange filed the proposal as a ‘‘non- is eligible for standard options trading. maximum number of EOWs permitted
EOWs and EOMs are cash-settled in that class would be 12 expirations (as
controversial’’ proposed rule change
expirations with European-style is permitted in Rule 24.9(a)(2)). For
pursuant to Section 19(b)(3)(A)(iii) of
exercise, and are subject to the same EOWs, CBOE proposes to require that
the Act 3 and Rule 19b–4(f)(6)
rules that govern the trading of standard the expirations be for weeks that are in
thereunder.4 The Commission is index options.
publishing this notice to solicit the nearest Friday from the actual listing
mstockstill on DSK4VPTVN1PROD with NOTICES

comments on the proposed rule change Maximum Numbers of Expirations date, other than the third Friday-of-the-
from interested persons. Permitted Under Program month or that coincide with an EOM
This current filing proposes to amend expiration. CBOE proposes to set forth
25 17 CFR 200.30–3(a)(12). Rule 24.9(e) by clarifying the maximum the listing hierarchy described in the
1 15 U.S.C. 78s(b)(1). original Program filing, which provides
2 17 CFR 240.19b–4. 5 See Securities Exchange Act Release No. 62911 that if the last trading day of a month
3 15 U.S.C. 78s(b)(3)(A)(iii).
(September 14, 2010), 75 FR 57539 (September 21,
4 17 CFR 240.19b–4(f)(6). 2010) (order approving SR–CBOE–2009–075). 6 Id., at note 5.

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63600 Federal Register / Vol. 80, No. 202 / Tuesday, October 20, 2015 / Notices

Comments may be submitted by any of SECURITIES AND EXCHANGE total of 12,000 external hours annually
the following methods: COMMISSION (120 hours × 100 reports). The burden
was estimated using Commission review
Electronic Comments [SEC File No. 270–263; OMB Control No.
3235–0275] of filed Rule 17Ad–13 reports. The
• Use the Commission’s Internet Commission estimates that, on average,
comment form (http://www.sec.gov/ Submission for OMB Review; 120 hours are needed to perform the
rules/sro.shtml); or Comment Request study, prepare the report, and retain the
required records on an annual basis.
• Send an email to rule-comments@ Upon Written Request, Copies Available
Assuming an average hourly rate of an
sec.gov. Please include File Number SR– From: Securities and Exchange
Commission, Office of FOIA Services, independent accountant of $60, the
CBOE–2015–085 on the subject line.
100 F Street NE., Washington, DC average total annual cost of the report is
Paper Comments 20549–2736. $7,200. The total annual cost for the
approximate 100 respondents is
• Send paper comments in triplicate Extension:
approximately $720,000.
to Secretary, Securities and Exchange Rule 17Ad–13.
Commission, 100 F Street NE., The retention period for the
Notice is hereby given that pursuant
Washington, DC 20549–1090. to the Paperwork Reduction Act of 1995 recordkeeping requirement under Rule
(44 U.S.C. 3501 et seq.) (‘‘PRA’’), the 17Ad–13 is three years following the
All submissions should refer to File date of a report prepared pursuant to the
Securities and Exchange Commission
Number SR–CBOE–2015–085. This file rule. The recordkeeping requirement
(‘‘Commission’’) has submitted to the
number should be included on the under Rule 17Ad–13 is mandatory to
Office of Management and Budget
subject line if email is used. To help the (‘‘OMB’’) a request for approval of assist the Commission and other
Commission process and review your extension of the previously approved regulatory agencies with monitoring
comments more efficiently, please use collection of information provided for in transfer agents and ensuring compliance
only one method. The Commission will Rule 17Ad–13 (17 CFR 240.17Ad–13), with the rule. This rule does not involve
post all comments on the Commission’s under the Securities Exchange Act of the collection of confidential
Internet Web site (http://www.sec.gov/ 1934 (15 U.S.C. 78a et seq.). information.
rules/sro.shtml). Copies of the Rule 17Ad–13 requires an annual An agency may not conduct or
submission, all subsequent study and evaluation of internal sponsor, and a person is not required to
amendments, all written statements accounting controls under the Securities respond to, a collection of information
with respect to the proposed rule Exchange Act of 1934 (15 U.S.C. 78a et
under the PRA unless it displays a
change that are filed with the seq.). It requires approximately 100
currently valid OMB control number.
Commission, and all written registered transfer agents to obtain an
communications relating to the annual report on the adequacy of their The public may view background
proposed rule change between the internal accounting controls from an documentation for this information
Commission and any person, other than independent accountant. In addition, collection at the following Web site,
those that may be withheld from the transfer agents must maintain copies of http://www.reginfo.gov. Comments
public in accordance with the any reports prepared pursuant to Rule should be directed to: (i) Desk Officer
provisions of 5 U.S.C. 552, will be 17Ad–13 plus any documents prepared for the Securities and Exchange
available for Web site viewing and to notify the Commission and Commission, Office of Information and
printing in the Commission’s Public appropriate regulatory agencies in the Regulatory Affairs, Office of
Reference Room, 100 F Street NE., event that the transfer agent is required Management and Budget, Room 10102,
to take any corrective action. These New Executive Office Building,
Washington, DC 20549, on official
recordkeeping requirements assist the Washington, DC 20503 or by sending an
business days between the hours of
Commission and other regulatory email to: shagufta_ahmed@
10:00 a.m. and 3:00 p.m. Copies of the
agencies with monitoring transfer agents omb.eop.gov; and (ii) Pamela Dyson,
filing also will be available for
and ensuring compliance with the rule. Director/Chief Information Officer,
inspection and copying at the principal Small transfer agents are exempt from
office of the Exchange. All comments Securities and Exchange Commission,
Rule 17Ad–13 as are transfer agents that c/o Remi Pavlik-Simon, 100 F Street
received will be posted without change; service only their own companies’
the Commission does not edit personal NE., Washington, DC 20549, or by
securities.
identifying information from Approximately 100 independent, sending an email to PRA_Mailbox@
submissions. You should submit only professional transfer agents must file the sec.gov. Comments must be submitted
information that you wish to make independent accountant’s report within 30 days of this notice.
available publicly. All submissions annually. We estimate that the annual Dated: October 13, 2015.
should refer to File Number SR–CBOE– internal time burden for each transfer Robert W. Errett,
2015–085 and should be submitted on agent to comply with Rule 17Ad–13 by Deputy Secretary.
or before November 10, 2015. submitting the report prepared by the
[FR Doc. 2015–26519 Filed 10–19–15; 8:45 am]
For the Commission, by the Division of independent accountant to the
BILLING CODE 8011–01–P
Trading and Markets, pursuant to delegated Commission is minimal. The time
mstockstill on DSK4VPTVN1PROD with NOTICES

authority.14 required for the independent accountant
Robert W. Errett,
to prepare the accountant’s report varies
with each transfer agent depending on
Deputy Secretary. the size and nature of the transfer
[FR Doc. 2015–26520 Filed 10–19–15; 8:45 am] agent’s operations. The Commission
BILLING CODE 8011–01–P estimates that, on average, each report
can be completed by the independent
14 17 CFR 200.30–3(a)(12). accountant in 120 hours, resulting in a

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Document Created: 2015-12-14 15:25:17
Document Modified: 2015-12-14 15:25:17
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 63598