80 FR 69767 - Self-Regulatory Organizations; Chicago Board Options Exchange, Incorporated; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change Relating to Mini Options

SECURITIES AND EXCHANGE COMMISSION

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

Page Range		69767-69768
FR Document		2015-28519
Federal Register, Volume 80 Issue 217 (Tuesday, November 10, 2015)
[Federal Register Volume 80, Number 217 (Tuesday, November 10, 2015)]
[Notices]
[Pages 69767-69768]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-28519]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-76341; File No. SR-CBOE-2015-098]


Self-Regulatory Organizations; Chicago Board Options Exchange, 
Incorporated; Notice of Filing and Immediate Effectiveness of a 
Proposed Rule Change Relating to Mini Options

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 22, 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 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 the 
Substance of the Proposed Rule Change

    CBOE proposes to replace the reference to ``Google, Inc.'' with 
``Alphabet, Inc.'' in Interpretation and Policy .22 to Rule 5.5.
    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
    The purpose of this filing is to update Interpretation and Policy 
.22 to Rule 5.5 in order to reflect the new name for a class that is 
eligible for Mini-option contracts. Specifically, Rule 5.5.22 permits 
the Exchange to list Mini-option contracts on five option classes, 
including Google, Inc. (``Google''). Google recently reorganized and 
created a new public holding company called Alphabet, Inc. 
(``Alphabet''). The symbol ``GOOGL'' remains unchanged. As a result, 
the Exchange proposes to amend Rule 5.5.22 by replacing the name 
``Google, Inc.'' with ``Alphabet, Inc.'' No other changes are being 
proposed by this filing.

[[Page 69768]]

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.\5\ Specifically, the Exchange believes the proposed rule change is 
consistent with the Section 6(b)(5) \6\ 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) \7\ requirement that the rules of 
an exchange not be designed to permit unfair discrimination between 
customers, issuers, brokers, or dealers.
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    \5\ 15 U.S.C. 78f(b).
    \6\ 15 U.S.C. 78f(b)(5).
    \7\ Id.
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    In particular, the current filing proposes to change the name 
``Google, Inc.'' to ``Alphabet, Inc.'' in order to reflect the new 
ownership structure and is consistent with the Act because Rule 5.5.22 
will now accurately reflect the name of this class that is eligible for 
Mini-options trading.

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

    CBOE does not believe that the proposed rule change will impose any 
burden on competition that is not necessary or appropriate in 
furtherance of the purposes of the Act. The proposed change does not 
impose any burden on intramarket competition because it applies to all 
Trading Permit Holders. There is no burden on intermarket competition 
as the proposed change would update Rule 5.5.22 to reflect the new name 
for a class that is eligible for Mini-options trading. As a result, 
there would be no substantive changes to the Exchange's operations or 
its rules.

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 \8\ and 
Rule 19b-4(f)(6) \9\ 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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    \8\ 15 U.S.C. 78s(b)(3)(A).
    \9\ 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. 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-2015-098 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-2015-098. 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-2015-098, 
and should be submitted on or before December 1, 2015.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\10\
Brent J. Fields,
Secretary.
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    \10\ 17 CFR 200.30-3(a)(12).
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[FR Doc. 2015-28519 Filed 11-9-15; 8:45 am]
BILLING CODE 8011-01-P
Federal Register / Vol. 80, No. 217 / Tuesday, November 10, 2015 / Notices 69767

designate a shorter time if such action comments more efficiently, please use prepared by the Exchange. The
is consistent with the protection of only one method. The Commission will Exchange filed the proposal as a ‘‘non-
investors and the public interest. post all comments on the Commission’s controversial’’ proposed rule change
The Exchange has asked the Internet Web site (http://www.sec.gov/ pursuant to Section 19(b)(3)(A)(iii) of
Commission to waive the 30-day rules/sro.shtml). Copies of the the Act 3 and Rule 19b–4(f)(6)
operative delay so that the proposal may submission, all subsequent thereunder.4 The Commission is
become operative immediately upon amendments, all written statements publishing this notice to solicit
filing. The Commission believes that with respect to the proposed rule comments on the proposed rule change
waiving the 30-day operative delay is change that are filed with the from interested persons.
consistent with the protection of Commission, and all written
investors and the public interest as it communications relating to the I. Self-Regulatory Organization’s
will allow the Exchange to incorporate proposed rule change between the Statement of the Terms of the Substance
changes required under Regulation SCI, Commission and any person, other than of the Proposed Rule Change
such as establishing standards for those that may be withheld from the
designating BCP/DR participants, prior CBOE proposes to replace the
public in accordance with the
to the November 3, 2015 compliance provisions of 5 U.S.C. 552, will be reference to ‘‘Google, Inc.’’ with
date. Accordingly, the Commission available for Web site viewing and ‘‘Alphabet, Inc.’’ in Interpretation and
designates the proposed rule change to printing in the Commission’s Public Policy .22 to Rule 5.5.
be operative upon filing.23 Reference Section, 100 F Street NE., The text of the proposed rule change
At any time within 60 days of the Washington, DC 20549–1090. Copies of is available on the Exchange’s Web site
filing of such proposed rule change, the the filing will also be available for (http://www.cboe.com/AboutCBOE/
Commission summarily may inspection and copying at the NYSE’s CBOELegalRegulatoryHome.aspx), at
temporarily suspend such rule change if principal office and on its Internet Web the Exchange’s Office of the Secretary,
it appears to the Commission that such site at www.nyse.com. All comments and at the Commission.
action is necessary or appropriate in the received will be posted without change;
public interest, for the protection of the Commission does not edit personal II. Self-Regulatory Organization’s
investors, or otherwise in furtherance of identifying information from Statement of the Purpose of, and
the purposes of the Act. If the submissions. You should submit only Statutory Basis for, the Proposed Rule
Commission takes such action, the information that you wish to make Change
Commission shall institute proceedings available publicly. All submissions In its filing with the Commission, the
under Section 19(b)(2)(B) 24 of the Act to should refer to File Number SR–NYSE– Exchange included statements
determine whether the proposed rule 2015–50 and should be submitted on or
concerning the purpose of and basis for
change should be approved or before December 1, 2015.
the proposed rule change and discussed
disapproved. For the Commission, by the Division of any comments it received on the
IV. Solicitation of Comments Trading and Markets, pursuant to delegated proposed rule change. The text of these
authority.25
Interested persons are invited to statements may be examined at the
Brent J. Fields, places specified in Item IV below. The
submit written data, views, and Secretary.
arguments concerning the foregoing, Exchange has prepared summaries, set
[FR Doc. 2015–28510 Filed 11–9–15; 8:45 am] forth in sections A, B, and C below, of
including whether the proposed rule
change is consistent with the Act. BILLING CODE 8011–01–P the most significant aspects of such
Comments may be submitted by any of statements.
the following methods: SECURITIES AND EXCHANGE A. Self-Regulatory Organization's
Electronic Comments COMMISSION Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
• Use the Commission’s Internet [Release No. 34–76341; File No. SR–CBOE–
2015–098] Change
comment form (http://www.sec.gov/
rules/sro.shtml); or 1. Purpose
• Send an email to rule- Self-Regulatory Organizations;
comments@sec.gov. Please include File Chicago Board Options Exchange, The purpose of this filing is to update
Number SR–NYSE–2015–50 on the Incorporated; Notice of Filing and Interpretation and Policy .22 to Rule 5.5
subject line. Immediate Effectiveness of a Proposed in order to reflect the new name for a
Rule Change Relating to Mini Options class that is eligible for Mini-option
Paper Comments
November 4, 2015. contracts. Specifically, Rule 5.5.22
• Send paper comments in triplicate permits the Exchange to list Mini-option
Pursuant to Section 19(b)(1) of the
to Brent J. Fields, Secretary, Securities contracts on five option classes,
Securities Exchange Act of 1934 (the
and Exchange Commission, 100 F Street including Google, Inc. (‘‘Google’’).
‘‘Act’’),1 and Rule 19b–4 thereunder,2
NE., Washington, DC 20549–1090. Google recently reorganized and created
notice is hereby given that on October
All submissions should refer to File 22, 2015, Chicago Board Options a new public holding company called
Number SR–NYSE–2015–50. This file Exchange, Incorporated (the ‘‘Exchange’’ Alphabet, Inc. (‘‘Alphabet’’). The
number should be included on the symbol ‘‘GOOGL’’ remains unchanged.
asabaliauskas on DSK5VPTVN1PROD with NOTICES

or ‘‘CBOE’’) filed with the Securities
subject line if email is used. To help the and Exchange Commission (the As a result, the Exchange proposes to
Commission process and review your ‘‘Commission’’) the proposed rule amend Rule 5.5.22 by replacing the
change as described in Items I, II, and name ‘‘Google, Inc.’’ with ‘‘Alphabet,
23 For purposes only of waiving the 30-day
III below, which Items have been Inc.’’ No other changes are being
operative delay, the Commission has also proposed by this filing.
considered the proposed rule’s impact on
25 17 CFR 200.30–3(a)(12).
efficiency, competition, and capital formation. See
15 U.S.C. 78c(f). 1 15 U.S.C. 78s(b)(1). 3 15 U.S.C. 78s(b)(3)(A)(iii).
24 15 U.S.C. 78s(b)(2)(B). 2 17 CFR 240.19b–4. 4 17 CFR 240.19b–4(f)(6).

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69768 Federal Register / Vol. 80, No. 217 / Tuesday, November 10, 2015 / Notices

2. Statutory Basis III. Date of Effectiveness of the Commission, and all written
The Exchange believes the proposed Proposed Rule Change and Timing for communications relating to the
Commission Action proposed rule change between the
rule change is consistent with the Act
and the rules and regulations Because the foregoing proposed rule Commission and any person, other than
thereunder applicable to the Exchange change does not: those that may be withheld from the
and, in particular, the requirements of A. Significantly affect the protection public in accordance with the
Section 6(b) of the Act.5 Specifically, of investors or the public interest; provisions of 5 U.S.C. 552, will be
the Exchange believes the proposed rule B. impose any significant burden on available for Web site viewing and
change is consistent with the Section competition; and printing in the Commission’s Public
6(b)(5) 6 requirements that the rules of C. become operative for 30 days from Reference Room, 100 F Street NE.,
an exchange be designed to prevent the date on which it was filed, or such Washington, DC 20549 on official
fraudulent and manipulative acts and shorter time as the Commission may business days between the hours of
practices, to promote just and equitable designate, it has become effective 10:00 a.m. and 3:00 p.m. Copies of such
principles of trade, to foster cooperation pursuant to Section 19(b)(3)(A) of the filing also will be available for
Act 8 and Rule 19b–4(f)(6) 9 thereunder. inspection and copying at the principal
and coordination with persons engaged
At any time within 60 days of the filing offices of the Exchange. All comments
in regulating, clearing, settling,
of the proposed rule change, the received will be posted without change;
processing information with respect to,
Commission summarily may the Commission does not edit personal
and facilitating transactions in
temporarily suspend such rule change if identifying information from
securities, to remove impediments to
it appears to the Commission that such submissions. You should submit only
and perfect the mechanism of a free and
action is necessary or appropriate in the information that you wish to make
open market and a national market
public interest, for the protection of available publicly. All submissions
system, and, in general, to protect
investors, or otherwise in furtherance of should refer to File Number SR–CBOE–
investors and the public interest.
the purposes of the Act. If the 2015–098, and should be submitted on
Additionally, the Exchange believes the
Commission takes such action, the or before December 1, 2015.
proposed rule change is consistent with
Commission will institute proceedings For the Commission, by the Division of
the Section 6(b)(5) 7 requirement that
to determine whether the proposed rule Trading and Markets, pursuant to delegated
the rules of an exchange not be designed
change should be approved or authority.10
to permit unfair discrimination between
disapproved. Brent J. Fields,
customers, issuers, brokers, or dealers.
In particular, the current filing IV. Solicitation of Comments Secretary.
proposes to change the name ‘‘Google, Interested persons are invited to [FR Doc. 2015–28519 Filed 11–9–15; 8:45 am]
Inc.’’ to ‘‘Alphabet, Inc.’’ in order to submit written data, views, and BILLING CODE 8011–01–P
reflect the new ownership structure and arguments concerning the foregoing,
is consistent with the Act because Rule including whether the proposed rule
5.5.22 will now accurately reflect the change is consistent with the Act. DEPARTMENT OF STATE
name of this class that is eligible for Comments may be submitted by any of
Mini-options trading. the following methods: [Public Notice 9342]
B. Self-Regulatory Organization's Electronic Comments Notice of Issuance of a Presidential
Statement on Burden on Competition
• Use the Commission’s Internet Permit to Kinder Morgan Cochin, LLC
CBOE does not believe that the comment form (http://www.sec.gov/ To Connect, Operate, and Maintain
proposed rule change will impose any rules/sro.shtml); or Existing Pipeline Facilities at the
burden on competition that is not • Send an email to rule-comments@ International Boundary Between the
necessary or appropriate in furtherance sec.gov. Please include File Number SR– United States and Canada
of the purposes of the Act. The CBOE–2015–098 on the subject line.
AGENCY: Department of State.
proposed change does not impose any
Paper Comments SUMMARY: The Department of State
burden on intramarket competition
because it applies to all Trading Permit • Send paper comments in triplicate issued a Presidential Permit to Kinder-
Holders. There is no burden on to Secretary, Securities and Exchange Morgan Cochin, LLC on November 3,
intermarket competition as the proposed Commission, 100 F Street NE., 2015 to connect, operate, and maintain
change would update Rule 5.5.22 to Washington, DC 20549–1090. existing pipeline facilities at the U.S.-
reflect the new name for a class that is All submissions should refer to File Canadian border in Detroit, Michigan
eligible for Mini-options trading. As a Number SR–CBOE–2015–098. This file acquired by that company for the
result, there would be no substantive number should be included on the transport of liquid hydrocarbons
changes to the Exchange’s operations or subject line if email is used. To help the between the United States and Canada.
its rules. Commission process and review your The Department of State determined
comments more efficiently, please use that issuance of this permit would serve
C. Self-Regulatory Organization's the national interest. In making this
only one method. The Commission will
Statement on Comments on the determination and issuing the permit,
post all comments on the Commission’s
Proposed Rule Change Received From the Department of State followed the
asabaliauskas on DSK5VPTVN1PROD with NOTICES

Internet Web site (http://www.sec.gov/
Members, Participants, or Others procedures established under Executive
rules/sro.shtml). Copies of the
The Exchange neither solicited nor submission, all subsequent Order 13337, and provided public
received comments on the proposed amendments, all written statements notice and opportunity for comment.
rule change. with respect to the proposed rule This permit replaces the 1972
change that are filed with the Presidential Permit for these pipeline
5 15 U.S.C. 78f(b). facilities, but authorizes no new
6 15 U.S.C. 78f(b)(5). 8 15 U.S.C. 78s(b)(3)(A).
7 Id. 9 17 CFR 240.19b–4(f)(6). 10 17 CFR 200.30–3(a)(12).

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Document Created: 2018-03-01 11:25:31
Document Modified: 2018-03-01 11:25:31
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 69767