80 FR 73254 - Self-Regulatory Organizations; ISE Gemini, LLC; Notice of Withdrawal of a Proposed Rule Change Relating to a Corporate Transaction Involving Its Indirect Parent
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 80, Issue 226 (November 24, 2015)
Federal Register Volume 80, Issue 226 (November 24, 2015)
| Page Range | 73254-73254 | |
| FR Document | 2015-29841 |
[Federal Register Volume 80, Number 226 (Tuesday, November 24, 2015)] [Notices] [Page 73254] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2015-29841] ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION [Release No. 34-76468; SR-ISEGemini-2015-24] Self-Regulatory Organizations; ISE Gemini, LLC; Notice of Withdrawal of a Proposed Rule Change Relating to a Corporate Transaction Involving Its Indirect Parent November 18, 2015. On October 30, 2015, ISE Gemini, LLC (the ``Exchange'') filed with the Securities and Exchange Commission (``Commission''), pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (``Act'') \1\ and Rule 19b-4 thereunder,\2\ a proposed rule change to amend and restate certain corporate governance documents in connection with a proposal to remove Eurex Frankfurt AG as an indirect, non-U.S. upstream owner of the Exchange. The proposed rule change was published for comment in the Federal Register on November 17, 2015.\3\ --------------------------------------------------------------------------- \1\ 15 U.S.C. 78s(b)(1). \2\ 17 CFR 240.19b-4. \3\ See Securities Exchange Act Release No. 76416 (Nov. 10, 2015), 80 FR 71876. --------------------------------------------------------------------------- On November 13, 2015, the Exchange withdrew the proposed rule change (SR-ISEGemini-2015-24). --------------------------------------------------------------------------- \4\ 17 CFR 200.30-3(a)(57). For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.\4\ Robert W. Errett, Deputy Secretary. [FR Doc. 2015-29841 Filed 11-23-15; 8:45 am] BILLING CODE 8011-01-P
![73254 Federal Register / Vol. 80, No. 226 / Tuesday, November 24, 2015 / Notices
covered by units of the DIAMONDS manipulative acts and practices, to comment in the Federal Register on
Trust held in the same account.12 CBOE promote just and equitable principles of November 17, 2015.3
notes, based on this previous guidance trade, to remove impediments to and On November 13, 2015, the Exchange
from the FRB and the Commission, and perfect the mechanism of a free and withdrew the proposed rule change
in conjunction with the Exchange’s open market and a national market (SR–ISEGemini–2015–24).
current rules, CBOE has applied this system and, in general, to protect
margin treatment to short index option investors and the public interest. For the Commission, by the Division of
positions where there are offsetting Specifically, the Commission believes Trading and Markets, pursuant to delegated
positions in an ETF that tracks the same that providing for a specific margin authority.4
underlying index held in the same treatment related to covered puts and Robert W. Errett,
margin account (which treatment the calls to apply to all index options in the Deputy Secretary.
Exchange has announced in Regulatory same manner will promote just and [FR Doc. 2015–29841 Filed 11–23–15; 8:45 am]
Circulars).13 CBOE believes the equitable principles of trade because
BILLING CODE 8011–01–P
proposed rule change is consistent with stock baskets, ETFs and mutual funds
these previous findings and applies this that trade a reference index can
margin treatment generally to all ETFs generally provide the same economic SECURITIES AND EXCHANGE
and mutual funds that overly market function as a security underlying an COMMISSION
indexes, in the same manner that the option.
rules currently apply to underlying Finally, the Commission believes the
stock baskets. Given that the Exchange non-substantive technical changes will [Release No. 34–76466; File No. SR–C2–
regularly lists new products, including benefit investors by offering more clarity 2015–031]
index options, the Exchange believes it with respect to the margin rules by
is appropriate to have a more general providing for more consistent and plain Self-Regulatory Organizations; C2
rule related to margin on these index English language in the rule. Options Exchange, Incorporated;
option products that applies in the same Notice of Filing and Immediate
manner rather than identifying this IV. Conclusion Effectiveness of a Proposed Rule
margin treatment in Regulatory It is therefore ordered, pursuant to Change Relating to Delivery of the
Circulars. Section 19(b)(2) of the Act,16 that the Regulatory Element of C2’s Continuing
proposed rule change (SR–CBOE–2015– Education Program
III. Discussion and Commission
077) be, and hereby is, approved.
Findings November 18, 2015.
For the Commission, by the Division of
The Commission finds that the Trading and Markets, pursuant to delegated Pursuant to Section 19(b)(1) of the
proposed rule change is consistent with authority.17 Securities Exchange Act of 1934 (the
the requirements of the Act and the Robert W. Errett, ‘‘Act’’),1 and Rule 19b–4 thereunder,2
rules and regulations thereunder Deputy Secretary. notice is hereby given that on November
applicable to a national securities 05, 2015, C2 Options Exchange,
[FR Doc. 2015–29842 Filed 11–23–15; 8:45 am]
exchange.14 Specifically, the Incorporated (the ‘‘Exchange’’ or ‘‘C2’’)
BILLING CODE 8011–01–P
Commission finds that the proposed filed with the Securities and Exchange
rule change is consistent with Section Commission (the ‘‘Commission’’) the
6(b)(5) of the Act,15 which requires, SECURITIES AND EXCHANGE proposed rule change as described in
among other things, that the rules of a COMMISSION Items I and II below, which Items have
national securities exchange be
[Release No. 34–76468; SR–ISEGemini- been prepared by the Exchange. The
designed to prevent fraudulent and
2015–24] Commission is publishing this notice to
12 See Notice, supra note 3, at 60943. See Letter solicit comments on the proposed rule
dated December 3, 1997 from James M. McNeil, Self-Regulatory Organizations; ISE change from interested persons.
Amex, to Scott Holz, FRB, and Letter dated January Gemini, LLC; Notice of Withdrawal of
8, 1998 from Scott Holz, FRB to James M. McNeil, a Proposed Rule Change Relating to a I. Self-Regulatory Organization’s
Amex; see also Letter dated December 16, 1997
Corporate Transaction Involving Its Statement of the Terms of the Substance
from Richard Lewandowski, CBOE, to Mr. Michael
Walinskas, Commission. There was no objection Indirect Parent of the Proposed Rule Change
from the FRB or the Commission to Amex’s or
CBOE’s extension of the margin treatment November 18, 2015. The purpose of the proposed rule
previously provided to SPDRS to DIAMONDS. On October 30, 2015, ISE Gemini, LLC change is to expand on the Exchange’s
13 See Notice, supra note 3, at 60943. See also
(the ‘‘Exchange’’) filed with the past representations made in SR–C2–
Regulatory Circulars RG99–09 (permitting SPDRS
and DIAMONDS to cover short positions of options Securities and Exchange Commission 2015–024 3 with respect to Continuing
on the S&P 500 (‘‘SPX options’’) and on the DJIA (‘‘Commission’’), pursuant to Section Education (‘‘CE’’) Fees and Web-based
(DJX), respectively); RG00–171 (permitting units of 19(b)(1) of the Securities Exchange Act delivery of the Regulatory Element of
iShares S&P 100 Index Fund to cover short the Exchange’s CE program. There are
positions of options on the S&P 100 Index (OEX));
of 1934 (‘‘Act’’) 1 and Rule 19b–4
RG01–119 (permitting Nasdaq-100 Index Tracking thereunder,2 a proposed rule change to no proposed changes to the text of the
Shares to cover short positions of options on the amend and restate certain corporate Exchange’s rules.
Nasdaq-100 Shares (QQQ), the Nasdaq 100 Index governance documents in connection
(NDX) or the Mini-Nasdaq 100 Index (MNX); RG02–
110 (permitting units of the iShares S&P 500 Fund with a proposal to remove Eurex 3 See Securities Exchange Act Release No. 76416
mstockstill on DSK4VPTVN1PROD with NOTICES
(IVV) to cover short SPX option positions); and Frankfurt AG as an indirect, non-U.S. (Nov. 10, 2015), 80 FR 71876.
4 17 CFR 200.30–3(a)(57).
RG07–126 (permitting units of the iShares Russell upstream owner of the Exchange. The
1 15 U.S.C. 78s(b)(1).
200 Index Fund (IWM) to cover short positions of proposed rule change was published for
options on the Russell 2000 index (RUT)). 2 17 CFR 240.19b–4.
14 In approving this proposed rule change, the 3 See Securities Exchange Act Release No. 76150
16 15 U.S.C. 78s(b)(2).
Commission has considered the proposed rule’s (October 14, 2015), 80 FR 63593 (October 20, 2015)
17 17 CFR 200.30–3(a)(12).
impact on efficiency, competition, and capital (Notice of Filing and Immediate Effectiveness of a
formation. See 15 U.S.C. 78c(f). 1 15 U.S.C. 78s(b)(1).
Proposed Rule Change to Amend the Fees
15 15 U.S.C. 78f(b)(5). 2 17 CFR 240.19b–4. Schedule) (SR–C2–2015–024).
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Document Created: 2015-12-14 14:08:39
Document Modified: 2015-12-14 14:08:39
| 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 73254 |
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