80_FR_69977 80 FR 69760 - Self-Regulatory Organizations; Chicago Board Options Exchange, Incorporated; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Fees Schedule

80 FR 69760 - Self-Regulatory Organizations; Chicago Board Options Exchange, Incorporated; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Fees Schedule

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 80, Issue 217 (November 10, 2015)

Page Range69760-69761
FR Document2015-28515

Federal Register, Volume 80 Issue 217 (Tuesday, November 10, 2015)
[Federal Register Volume 80, Number 217 (Tuesday, November 10, 2015)]
[Notices]
[Pages 69760-69761]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-28515]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-76352; File No. SR-CBOE-2015-093]


Self-Regulatory Organizations; Chicago Board Options Exchange, 
Incorporated; Notice of Filing and Immediate Effectiveness of a 
Proposed Rule Change To Amend the Fees Schedule

November 4, 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 October 30, 2015, Chicago Board Options Exchange, Incorporated 
(the ``Exchange'' or ``CBOE'') filed with the Securities and Exchange 
Commission (the ``Commission'') the proposed rule change as described 
in Items I, II, and III below, which Items have been prepared by the 
Exchange. 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.
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I. Self-Regulatory Organization's Statement of the Terms of the 
Substance of the Proposed Rule Change

    The Exchange proposes to amend the Fees Schedule relating to 
Continuing Education Fees. 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'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
    The Exchange proposes to amend the Fees Schedule.\3\ Specifically, 
the Exchange proposes to make changes to the Continuing Education Fees 
section of the Fees Schedule to provide that continuing education for 
all registration except the Series 56 will be $55 if conducted via Web-
delivery. Continuing education for all registration except the Series 
56 will remain $100 if conducted at a testing center.
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    \3\ The Exchange initially filed the proposed fee change on 
October 2, 2015 (SR-CBOE-2015-086). On October 9, 2015, the Exchange 
withdrew SR-CBOE-2015-086.
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    On August 8, 2015, the Securities and Exchange Commission approved 
SR-FINRA-2015-015 relating proposed changes to FINRA Rule 1250 to 
provide a Web-based delivery method for completing the Regulatory 
Element of the continuing education requirements.\4\ Pursuant to the 
rule change, effective October 1, 2015, the Regulatory Element of the 
Continuing Education Programs for the S106 for Investment Company and 
Variable Contracts Representatives, the S201 for Registered Principals 
and Supervisors, and the S901 for Operations Professionals will be 
administered through Web-based delivery or such other technological 
manner and format as specified by FINRA. The Regulatory Element of 
these Continuing Education Programs will continue to be offered at 
testing centers until no later than six months after January 4, 
2016.\5\ Pursuant to the Approval Order to SR-FINRA-2015-015, the fee 
for test-center delivery of the Regulatory Element of the S106, S201, 
and S901 Continuing Education Programs will continue to be $100 per 
session through no later than six months after January 4, 2016 when the 
programs will no longer be offered at testing centers. The fee for Web-
based delivery of the Regulatory Elements of the S106, S201, and S901 
Continuing Education Programs, however, will be $55.
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    \4\ See Securities Exchange Act Release No. 75581 (July 31, 
2015), 80 FR 47018 (August 6, 2015) (Order Approving a Proposed Rule 
Change to Provide a Web-based Delivery Method for Completing the 
Regulatory Element of the Continuing Education Requirements) (SR-
FINRA-2015-015).
    \5\ Test-center delivery of the Regulatory Element will be 
phased out by no later than six months after January 4, 2016. See 
Securities Exchange Act Release No. 75581 (July 31, 2015), 80 FR 
47018 (August 6, 2015) (Order Approving a Proposed Rule Change To 
Provide a Web-Based Delivery Method for Completing the Regulatory 
Element of the Continuing Education) (SR-FINRA-2015-015).
---------------------------------------------------------------------------

    The Exchange currently utilizes FINRA's Continuing Education 
Programs for its own continuing education requirements. Consistent with 
SR-FINRA-2015-015, the Exchange recently filed SR-CBOE-2015-084 \6\ 
relating to continuing education. In that filing, the Exchange proposed 
to follow the changes set forth in SR-FINRA-2015-015 with respect to 
Web-based delivery of the Regulatory Element of the Continuing 
Education Programs for the S106 for Investment Company and Variable 
Contracts Representatives, the S201 for Registered Principals and 
Supervisors, and the S901 for Operations Professionals. Consistent with 
SR-CBOE-2015-084, this proposed rule change, proposes to amend the Fees 
Schedule to provide that effective immediately, the fee for Web-based 
delivery of the Regulatory Elements of the S106, S201, and S901 
Continuing Education Programs will be $55. The fee for test-center 
delivery of the Regulatory Element of the S106, S201, and S901 
Continuing Education Programs will continue to be $100 per session 
until test-center delivery of the Regulatory Element is phased out and 
the programs are no longer offered at testing centers. At that time, 
the Exchange will file another fee filing to remove the test center 
option for delivery of the Regulatory Element from the Fees Schedule.
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    \6\ Available at http://www.cboe.com/publish/RuleFilingsSEC/SR-CBOE-2015-084.pdf
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2. Statutory Basis
    The Exchange believes the proposed rule change is consistent with 
the Act and the rules and regulations thereunder applicable to the 
Exchange and, in particular, the requirements of Section 6(b) of the 
Act.\7\ Specifically, the Exchange believes the proposed rule change is 
consistent with the Section

[[Page 69761]]

6(b)(5) \8\ requirements that the rules of an exchange be designed to 
prevent fraudulent and manipulative acts and practices, to promote just 
and equitable principles of trade, to foster cooperation and 
coordination with persons engaged in regulating, clearing, settling, 
processing information with respect to, and 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. Additionally, the Exchange 
believes the proposed rule change is consistent with the Section 
6(b)(5) \9\ requirement that the rules of an exchange not be designed 
to permit unfair discrimination between customers, issuers, brokers, or 
dealers.
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    \7\ 15 U.S.C. 78f(b).
    \8\ 15 U.S.C. 78f(b)(5).
    \9\ Id.
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    In particular, the Web-based delivery method for continuing 
education is in the interest of investors and free and open markets. In 
general, Web-based delivery will remove time parameters that exist with 
respect to taking continuing education at testing centers. Having 
additional time to take continuing education may result in better 
learning outcomes, which should enhance investor protection. In 
addition, the option to have Web-based delivery of the Regulatory 
Element of the S106, S201, and S901 Continuing Education Programs at a 
reduced cost lowers barriers to entry and removes impediments to a free 
and open market and national market system by making it easier and less 
costly for Trading Permit Holders to participate in the market. 
Accordingly, the Exchange believes that Web-based delivery of the 
Regulatory Element of the S106, S201, and S901 Continuing Education 
Programs and reducing the costs of continuing education in general are 
goals that are consistent with the Act.

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. As FINRA has stated, the 
proposed rule change is specifically intended to reduce the burdens of 
continuing education on market participants while preserving the 
integrity of the S106, S201, and S901 Continuing Education Programs. In 
general, reduction in cost and removal of barriers to entry encourages 
competition among market participants, particularly in situations where 
such rules are employed universally across the markets. By bringing the 
Exchange's fees structure in line with that of FINRA, the Exchange 
believes it is removing impediments to free and open markets and 
encouraging competition between the Exchange and other markets that use 
the S106, S201, and S901 Continuing Education Programs. Accordingly, 
the Exchange further believes that the proposed rule change will 
relieve burdens on, and otherwise promote 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 written comments on the 
proposed rule change.

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

    The foregoing rule change has become effective pursuant to Section 
19(b)(3)(A) of the Act \10\ and paragraph (f) of Rule 19b-4 \11\ 
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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    \10\ 15 U.S.C. 78s(b)(3)(A).
    \11\ 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, 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 [email protected]. Please include 
File Number SR-CBOE-2015-093 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-2015-093. 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-CBOE-2015-093, 
and should be submitted on or before December 1, 2015.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\12\
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    \12\ 17 CFR 200.30-3(a)(12).
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Brent J. Fields,
Secretary.
[FR Doc. 2015-28515 Filed 11-9-15; 8:45 am]
 BILLING CODE 8011-01-P



                                                    69760                      Federal Register / Vol. 80, No. 217 / Tuesday, November 10, 2015 / Notices

                                                    Washington, DC 20549, on official                       and at the Commission’s Public                        January 4, 2016.5 Pursuant to the
                                                    business days between the hours of                      Reference Room.                                       Approval Order to SR–FINRA–2015–
                                                    10:00 a.m. and 3:00 p.m. Copies of the                                                                        015, the fee for test-center delivery of
                                                                                                            II. Self-Regulatory Organization’s
                                                    filing also will be available for                                                                             the Regulatory Element of the S106,
                                                                                                            Statement of the Purpose of, and
                                                    inspection and copying at the principal                                                                       S201, and S901 Continuing Education
                                                                                                            Statutory Basis for, the Proposed Rule
                                                    office of the Exchange. All comments                                                                          Programs will continue to be $100 per
                                                    received will be posted without change;                 Change                                                session through no later than six months
                                                    the Commission does not edit personal                      In its filing with the Commission, the             after January 4, 2016 when the programs
                                                    identifying information from                            Exchange included statements                          will no longer be offered at testing
                                                    submissions. You should submit only                     concerning the purpose of and basis for               centers. The fee for Web-based delivery
                                                    information that you wish to make                       the proposed rule change and discussed                of the Regulatory Elements of the S106,
                                                    available publicly. All submissions                     any comments it received on the                       S201, and S901 Continuing Education
                                                    should refer to File Number SR–                         proposed rule change. The text of these               Programs, however, will be $55.
                                                    NASDAQ–2015–115, and should be                          statements may be examined at the                        The Exchange currently utilizes
                                                    submitted on or before December 1,                      places specified in Item IV below. The                FINRA’s Continuing Education
                                                    2015.                                                   Exchange has prepared summaries, set                  Programs for its own continuing
                                                      For the Commission, by the Division of                forth in sections A, B, and C below, of               education requirements. Consistent with
                                                    Trading and Markets, pursuant to delegated              the most significant aspects of such                  SR–FINRA–2015–015, the Exchange
                                                    authority.31                                            statements.                                           recently filed SR–CBOE–2015–084 6
                                                    Brent J. Fields,                                                                                              relating to continuing education. In that
                                                                                                            A. Self-Regulatory Organization's                     filing, the Exchange proposed to follow
                                                    Secretary.                                              Statement of the Purpose of, and
                                                    [FR Doc. 2015–28508 Filed 11–9–15; 8:45 am]
                                                                                                                                                                  the changes set forth in SR–FINRA–
                                                                                                            Statutory Basis for, the Proposed Rule                2015–015 with respect to Web-based
                                                    BILLING CODE 8011–01–P                                  Change                                                delivery of the Regulatory Element of
                                                                                                            1. Purpose                                            the Continuing Education Programs for
                                                    SECURITIES AND EXCHANGE                                                                                       the S106 for Investment Company and
                                                                                                               The Exchange proposes to amend the
                                                    COMMISSION                                                                                                    Variable Contracts Representatives, the
                                                                                                            Fees Schedule.3 Specifically, the
                                                                                                                                                                  S201 for Registered Principals and
                                                    [Release No. 34–76352; File No. SR–CBOE–                Exchange proposes to make changes to
                                                                                                                                                                  Supervisors, and the S901 for
                                                    2015–093]                                               the Continuing Education Fees section                 Operations Professionals. Consistent
                                                                                                            of the Fees Schedule to provide that                  with SR–CBOE–2015–084, this
                                                    Self-Regulatory Organizations;                          continuing education for all registration             proposed rule change, proposes to
                                                    Chicago Board Options Exchange,                         except the Series 56 will be $55 if                   amend the Fees Schedule to provide
                                                    Incorporated; Notice of Filing and                      conducted via Web-delivery. Continuing                that effective immediately, the fee for
                                                    Immediate Effectiveness of a Proposed                   education for all registration except the             Web-based delivery of the Regulatory
                                                    Rule Change To Amend the Fees                           Series 56 will remain $100 if conducted               Elements of the S106, S201, and S901
                                                    Schedule                                                at a testing center.                                  Continuing Education Programs will be
                                                                                                               On August 8, 2015, the Securities and              $55. The fee for test-center delivery of
                                                    November 4, 2015.
                                                                                                            Exchange Commission approved SR–                      the Regulatory Element of the S106,
                                                       Pursuant to Section 19(b)(1) of the
                                                                                                            FINRA–2015–015 relating proposed                      S201, and S901 Continuing Education
                                                    Securities Exchange Act of 1934 (the
                                                                                                            changes to FINRA Rule 1250 to provide                 Programs will continue to be $100 per
                                                    ‘‘Act’’),1 and Rule 19b–4 thereunder,2
                                                                                                            a Web-based delivery method for                       session until test-center delivery of the
                                                    notice is hereby given that on October
                                                                                                            completing the Regulatory Element of                  Regulatory Element is phased out and
                                                    30, 2015, Chicago Board Options
                                                                                                            the continuing education requirements.4               the programs are no longer offered at
                                                    Exchange, Incorporated (the ‘‘Exchange’’
                                                                                                            Pursuant to the rule change, effective                testing centers. At that time, the
                                                    or ‘‘CBOE’’) filed with the Securities
                                                                                                            October 1, 2015, the Regulatory Element               Exchange will file another fee filing to
                                                    and Exchange Commission (the
                                                                                                            of the Continuing Education Programs                  remove the test center option for
                                                    ‘‘Commission’’) the proposed rule
                                                                                                            for the S106 for Investment Company                   delivery of the Regulatory Element from
                                                    change as described in Items I, II, and
                                                                                                            and Variable Contracts Representatives,               the Fees Schedule.
                                                    III below, which Items have been
                                                                                                            the S201 for Registered Principals and
                                                    prepared by the Exchange. The                                                                                 2. Statutory Basis
                                                                                                            Supervisors, and the S901 for
                                                    Commission is publishing this notice to
                                                                                                            Operations Professionals will be                         The Exchange believes the proposed
                                                    solicit comments on the proposed rule
                                                                                                            administered through Web-based                        rule change is consistent with the Act
                                                    change from interested persons.
                                                                                                            delivery or such other technological                  and the rules and regulations
                                                    I. Self-Regulatory Organization’s                       manner and format as specified by                     thereunder applicable to the Exchange
                                                    Statement of the Terms of the Substance                 FINRA. The Regulatory Element of these                and, in particular, the requirements of
                                                    of the Proposed Rule Change                             Continuing Education Programs will                    Section 6(b) of the Act.7 Specifically,
                                                       The Exchange proposes to amend the                   continue to be offered at testing centers             the Exchange believes the proposed rule
                                                    Fees Schedule relating to Continuing                    until no later than six months after                  change is consistent with the Section
                                                    Education Fees. The text of the
                                                                                                               3 The Exchange initially filed the proposed fee      5 Test-center delivery of the Regulatory Element
asabaliauskas on DSK5VPTVN1PROD with NOTICES




                                                    proposed rule change is available on the                change on October 2, 2015 (SR–CBOE–2015–086).         will be phased out by no later than six months after
                                                    Exchange’s Web site (http://                            On October 9, 2015, the Exchange withdrew SR–         January 4, 2016. See Securities Exchange Act
                                                    www.cboe.com/AboutCBOE/                                 CBOE–2015–086.                                        Release No. 75581 (July 31, 2015), 80 FR 47018
                                                    CBOELegalRegulatoryHome.aspx), at                          4 See Securities Exchange Act Release No. 75581    (August 6, 2015) (Order Approving a Proposed Rule
                                                                                                            (July 31, 2015), 80 FR 47018 (August 6, 2015)         Change To Provide a Web-Based Delivery Method
                                                    the Exchange’s Office of the Secretary,                                                                       for Completing the Regulatory Element of the
                                                                                                            (Order Approving a Proposed Rule Change to
                                                                                                            Provide a Web-based Delivery Method for               Continuing Education) (SR–FINRA–2015–015).
                                                      31 17 CFR 200.30–3(a)(12).                                                                                    6 Available at http://www.cboe.com/publish/
                                                                                                            Completing the Regulatory Element of the
                                                      1 15 U.S.C. 78s(b)(1).                                                                                      RuleFilingsSEC/SR-CBOE-2015-084.pdf
                                                                                                            Continuing Education Requirements) (SR–FINRA–
                                                      2 17 CFR 240.19b–4.                                   2015–015).                                              7 15 U.S.C. 78f(b).




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                                                                                   Federal Register / Vol. 80, No. 217 / Tuesday, November 10, 2015 / Notices                                                   69761

                                                    6(b)(5) 8 requirements that the rules of                    the markets. By bringing the Exchange’s                 number should be included on the
                                                    an exchange be designed to prevent                          fees structure in line with that of                     subject line if email is used. To help the
                                                    fraudulent and manipulative acts and                        FINRA, the Exchange believes it is                      Commission process and review your
                                                    practices, to promote just and equitable                    removing impediments to free and open                   comments more efficiently, please use
                                                    principles of trade, to foster cooperation                  markets and encouraging competition                     only one method. The Commission will
                                                    and coordination with persons engaged                       between the Exchange and other                          post all comments on the Commission’s
                                                    in regulating, clearing, settling,                          markets that use the S106, S201, and                    Internet Web site (http://www.sec.gov/
                                                    processing information with respect to,                     S901 Continuing Education Programs.                     rules/sro.shtml). Copies of the
                                                    and facilitating transactions in                            Accordingly, the Exchange further                       submission, all subsequent
                                                    securities, to remove impediments to                        believes that the proposed rule change                  amendments, all written statements
                                                    and perfect the mechanism of a free and                     will relieve burdens on, and otherwise                  with respect to the proposed rule
                                                    open market and a national market                           promote competition.                                    change that are filed with the
                                                    system, and, in general, to protect                                                                                 Commission, and all written
                                                    investors and the public interest.                          C. Self-Regulatory Organization's                       communications relating to the
                                                    Additionally, the Exchange believes the                     Statement on Comments on the                            proposed rule change between the
                                                    proposed rule change is consistent with                     Proposed Rule Change Received From                      Commission and any person, other than
                                                    the Section 6(b)(5) 9 requirement that                      Members, Participants, or Others                        those that may be withheld from the
                                                    the rules of an exchange not be designed                      The Exchange neither solicited nor                    public in accordance with the
                                                    to permit unfair discrimination between                     received written comments on the                        provisions of 5 U.S.C. 552, will be
                                                    customers, issuers, brokers, or dealers.                    proposed rule change.                                   available for Web site viewing and
                                                       In particular, the Web-based delivery                                                                            printing in the Commission’s Public
                                                    method for continuing education is in                       III. Date of Effectiveness of the                       Reference Room, 100 F Street NE.,
                                                    the interest of investors and free and                      Proposed Rule Change and Timing for                     Washington, DC 20549 on official
                                                    open markets. In general, Web-based                         Commission Action                                       business days between the hours of
                                                    delivery will remove time parameters                           The foregoing rule change has become                 10:00 a.m. and 3:00 p.m. Copies of such
                                                    that exist with respect to taking                           effective pursuant to Section 19(b)(3)(A)               filing also will be available for
                                                    continuing education at testing centers.                    of the Act 10 and paragraph (f) of Rule                 inspection and copying at the principal
                                                    Having additional time to take                              19b–4 11 thereunder. At any time within                 offices of the Exchange. All comments
                                                    continuing education may result in                          60 days of the filing of the proposed rule              received will be posted without change;
                                                    better learning outcomes, which should                      change, the Commission summarily may                    the Commission does not edit personal
                                                    enhance investor protection. In                             temporarily suspend such rule change if                 identifying information from
                                                    addition, the option to have Web-based                      it appears to the Commission that such                  submissions. You should submit only
                                                    delivery of the Regulatory Element of                       action is necessary or appropriate in the               information that you wish to make
                                                    the S106, S201, and S901 Continuing                         public interest, for the protection of                  available publicly. All submissions
                                                    Education Programs at a reduced cost                        investors, or otherwise in furtherance of               should refer to File Number SR–CBOE–
                                                    lowers barriers to entry and removes                        the purposes of the Act. If the                         2015–093, and should be submitted on
                                                    impediments to a free and open market                       Commission takes such action, the                       or before December 1, 2015.
                                                    and national market system by making                        Commission will institute proceedings                     For the Commission, by the Division of
                                                    it easier and less costly for Trading                       to determine whether the proposed rule                  Trading and Markets, pursuant to delegated
                                                    Permit Holders to participate in the                        change should be approved or                            authority.12
                                                    market. Accordingly, the Exchange                           disapproved.                                            Brent J. Fields,
                                                    believes that Web-based delivery of the                                                                             Secretary.
                                                    Regulatory Element of the S106, S201,                       IV. Solicitation of Comments
                                                                                                                                                                        [FR Doc. 2015–28515 Filed 11–9–15; 8:45 am]
                                                    and S901 Continuing Education                                 Interested persons are invited to
                                                                                                                                                                        BILLING CODE 8011–01–P
                                                    Programs and reducing the costs of                          submit written data, views, and
                                                    continuing education in general are                         arguments concerning the foregoing,
                                                    goals that are consistent with the Act.                     including whether the proposed rule                     SECURITIES AND EXCHANGE
                                                                                                                change is consistent with the Act.                      COMMISSION
                                                    B. Self-Regulatory Organization's
                                                                                                                Comments may be submitted by any of
                                                    Statement on Burden on Competition                                                                                  [Release No. 34–76340; File No. SR–
                                                                                                                the following methods:
                                                      The Exchange does not believe that                                                                                NASDAQ–2015–135]
                                                    the proposed rule change will impose                        Electronic Comments
                                                                                                                                                                        Self-Regulatory Organizations; The
                                                    any burden on competition that is not                         • Use the Commission’s Internet
                                                    necessary or appropriate in furtherance                                                                             NASDAQ Stock Market LLC; Notice of
                                                                                                                comment form (http://www.sec.gov/
                                                    of the purposes of the Act. As FINRA                                                                                Filing and Immediate Effectiveness of
                                                                                                                rules/sro.shtml); or
                                                                                                                                                                        Proposed Rule Change To Modify the
                                                    has stated, the proposed rule change is                       • Send an email to rule-comments@
                                                                                                                                                                        LIST Routing Option
                                                    specifically intended to reduce the                         sec.gov. Please include File Number SR–
                                                    burdens of continuing education on                          CBOE–2015–093 on the subject line.                      November 4, 2015.
                                                    market participants while preserving the                                                                               Pursuant to Section 19(b)(1) of the
                                                                                                                Paper Comments
                                                    integrity of the S106, S201, and S901                                                                               Securities Exchange Act of 1934
                                                                                                                  • Send paper comments in triplicate
asabaliauskas on DSK5VPTVN1PROD with NOTICES




                                                    Continuing Education Programs. In                                                                                   (‘‘Act’’) 1 and Rule 19b–4 thereunder,2
                                                    general, reduction in cost and removal                      to Secretary, Securities and Exchange                   notice is hereby given that on November
                                                    of barriers to entry encourages                             Commission, 100 F Street NE.,                           2, 2015, The NASDAQ Stock Market
                                                    competition among market participants,                      Washington, DC 20549–1090.                              LLC (‘‘Nasdaq’’ or ‘‘Exchange’’) filed
                                                    particularly in situations where such                       All submissions should refer to File                    with the Securities and Exchange
                                                    rules are employed universally across                       Number SR–CBOE–2015–093. This file
                                                                                                                                                                          12 17 CFR 200.30–3(a)(12).
                                                      8 15    U.S.C. 78f(b)(5).                                   10 15 U.S.C. 78s(b)(3)(A).                              1 15 U.S.C. 78s(b)(1).
                                                      9 Id.                                                       11 17 CFR 240.19b–4(f).                                 2 17 CFR 240.19b–4.




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Document Created: 2018-03-01 11:25:59
Document Modified: 2018-03-01 11:25:59
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
FR Citation80 FR 69760 

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