80 FR 76609 - Self-Regulatory Organizations; BOX Options Exchange LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To amend IM-5050-10 to BOX Rule 5050 (Mini Option Contracts)

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 80, Issue 236 (December 9, 2015)

Page Range		76609-76611
FR Document		2015-30939
Federal Register, Volume 80 Issue 236 (Wednesday, December 9, 2015)
[Federal Register Volume 80, Number 236 (Wednesday, December 9, 2015)]
[Notices]
[Pages 76609-76611]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-30939]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-76547; File No. SR-BOX-2015-37]


Self-Regulatory Organizations; BOX Options Exchange LLC; Notice 
of Filing and Immediate Effectiveness of a Proposed Rule Change To 
amend IM-5050-10 to BOX Rule 5050 (Mini Option Contracts)

December 3, 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 November 20, 2015, BOX Options Exchange LLC (the ``Exchange'') filed 
with the Securities and Exchange Commission

[[Page 76610]]

(``Commission'') the proposed rule change as described in Items I, II, 
and III below, which Items have been prepared by the self-regulatory 
organization. The Commission is publishing this notice to solicit 
comments on the proposed rule 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 Substance 
of the Proposed Rule Change

    The Exchange proposes to replace the name ``Google Inc.'' with 
``Alphabet Inc.'' Google Inc. (``Google'') recently announced plans to 
reorganize and create a new public holding company, which will be 
called Alphabet Inc. (``Alphabet''). The text of the proposed rule 
change is available from the principal office of the Exchange, at the 
Commission's Public Reference Room and also on the Exchange's Internet 
Web site at http://boxexchange.com.

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 self-regulatory organization 
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 self-regulatory organization 
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 IM-5050-10 to BOX Rule 5050 (Mini 
Option Contracts) to replace the name ``Google Inc.'' with ``Alphabet 
Inc.'' Google Inc. (``Google'') recently announced plans to reorganize 
and create a new public holding company, which will be called Alphabet 
Inc. (``Alphabet''). As a result of the holding company reorganization, 
each share of Class A Common Stock (``GOOGL''), which the Exchange has 
the ability to list as a Mini Option, will automatically convert into 
an equivalent corresponding share of Alphabet Inc. stock.\3\
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    \3\ The Class C Capital Stock (``GOOG'') which is also impacted 
by the reorganization are not eligible to be listed as Mini Options 
on the Exchange, only the Class A Common Stock.
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    The Exchange is proposing to make this change to IM-5050-10 to 
enable the Exchange to continue trading Mini Options on Google, now 
Alphabet Class A shares. The Exchange is proposing to make this change 
because, on October 5, 2015 Google reorganized and as a result 
underwent a name change.
    The purpose of this change is to ensure that IM-5050-10 properly 
reflects the intention and practice of the Exchange to have the ability 
to trade Mini Options on only an exhaustive list of underlying 
securities outlined in IM-5050-10. This change is meant to continue the 
inclusion of Class A shares of Google in the current list of underlying 
securities that Mini Options can be traded on, while continuing to make 
clear that class C shares of Google are not part of that list as that 
class of options has not been approved for Mini Options trading. As a 
result, the proposed change will help avoid confusion.
2. Statutory Basis
    The Exchange believes that the proposal is consistent with the 
requirements of Section 6(b) of the Securities Exchange Act of 1934 
(the ``Act''),\4\ in general, and Section 6(b)(5) of the Act,\5\ in 
particular, in that it is 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 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) \6\ requirement that the 
rules of an exchange not be designed to permit unfair discrimination 
between customers, issuers, brokers, or dealers.
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    \4\ 15 U.S.C. 78f(b).
    \5\ 15 U.S.C. 78f(b)(5).
    \6\ Id.
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    In particular, the proposed rule change to change the name Google 
to Alphabet to reflect the new ownership structure is consistent with 
the Act because the proposed change is merely updating the current name 
associated with the stock symbol GOOGL to allow for the continued 
ability for mini option trading on Google's class A shares. The 
proposed change will allow for continued benefit to investors by 
providing them with additional investment alternatives.

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 not necessary or appropriate in 
furtherance of the purposes of the Act. The proposed change does not 
impose any burden on intra-market competition because it applies to all 
members and member organizations uniformly. There is no burden on 
inter-market competition because the Exchange is merely attempting to 
continue to permit trading of GOOGL as a Mini Options, as is the case 
today. As a result, there will 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 has 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 does not (i) significantly 
affect the protection of investors or the public interest; (ii) impose 
any significant burden on competition; and (iii) become operative for 
30 days from the date on which it was filed, or such shorter time as 
the Commission may designate if consistent with the protection of 
investors and the public interest, provided that the self-regulatory 
organization has given the Commission written notice of its intent to 
file the proposed rule change at least five business days prior to the 
date of filing of the proposed rule change or such shorter time as 
designated by the Commission,\7\ the proposed rule change has become 
effective pursuant to Section 19(b)(3)(A) of the Act \8\ and Rule 19b-
4(f)(6) thereunder.\9\
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    \7\ The Exchange has fulfilled this requirement.
    \8\ 15 U.S.C. 78s(b)(3)(A).
    \9\ 17 CFR 240.19b-4(f)(6).
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    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 shall institute proceedings to 
determine whether the proposed rule should be approved or disapproved.

[[Page 76611]]

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-BOX-2015-37 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-BOX-2015-37. 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 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-BOX-2015-37 and should be 
submitted on or before December 30, 2015.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\10\
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    \10\ 17 CFR 200.30-3(a)(12).
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Robert W. Errett,
Deputy Secretary.
[FR Doc. 2015-30939 Filed 12-8-15; 8:45 am]
BILLING CODE 8011-01-P
Federal Register / Vol. 80, No. 236 / Wednesday, December 9, 2015 / Notices 76609

result in better prices for retail investors RMOs across multiple exchanges with a subject line if email is used. To help the
and benefits retail investors by retail program would promote Commission process and review your
expanding the capabilities of Exchanges competition by enabling member comments more efficiently, please use
to encompass practices currently organizations to operate as RMOs on only one method. The Commission will
allowed on non-exchange venues. multiple exchanges in the same manner. post all comments on the Commission’s
The Commission notes that, to become Internet Web site (http://www.sec.gov/
C. Self-Regulatory Organization’s rules/sro.shtml). Copies of the
an RMO, a member organization would
Statement on Comments on the submission, all subsequent
still be required under Exchange Rule
Proposed Rule Change Received From amendments, all written statements
107C(b)(2)(C) to submit an attestation to
Members, Participants, or Others with respect to the proposed rule
the Exchange that substantially all
No written comments were solicited orders submitted as Retail Orders would change that are filed with the
or received with respect to the proposed qualify as such under Exchange Rule Commission, and all written
rule change. 107C. Rather, the proposal would communications relating to the
change when an RMO must obtain the proposed rule change between the
III. Date of Effectiveness of the
annual written representation from Commission and any person, other than
Proposed Rule Change and Timing for
other broker-dealers that send Retail those that may be withheld from the
Commission Action
Orders to the RMO. The Commission public in accordance with the
The Exchange has filed the proposed finds that waiving the 30-day operative provisions of 5 U.S.C. 552, will be
rule change pursuant to Section delay is consistent with the protection available for Web site viewing and
19(b)(3)(A)(iii) of the Act 10 and Rule of investors and the public interest. printing in the Commission’s Public
19b–4(f)(6) thereunder.11 Because the Accordingly, the Commission hereby Reference Room, 100 F Street NE.,
proposed rule change does not: (i) waives the 30-day operative delay and Washington, DC 20549 on official
Significantly affect the protection of designates the proposal operative upon business days between the hours of
investors or the public interest; (ii) filing.17 10:00 a.m. and 3:00 p.m. Copies of the
impose any significant burden on At any time within 60 days of the filing also will be available for
competition; and (iii) become operative filing of the proposed rule change, the inspection and copying at the principal
for 30 days from the date on which it Commission summarily may offices of the Exchange. All comments
was filed, or such shorter time as the temporarily suspend such rule change if received will be posted without change;
Commission may designate, if it appears to the Commission that such the Commission does not edit personal
consistent with the protection of action is necessary or appropriate in the identifying information from
investors and the public interest, the public interest, for the protection of submissions. You should submit only
proposed rule change has become investors, or otherwise in furtherance of information that you wish to make
effective pursuant to Section 19(b)(3)(A) the purposes of the Act. If the available publicly. All submissions
of the Act 12 and Rule 19b–4(f)(6) Commission takes such action, the should refer to File Number SR–NYSE–
thereunder.13 Commission shall institute proceedings 2015–59, and should be submitted on or
A proposed rule change filed under to determine whether the proposed rule before December 30, 2015.
Rule 19b–4(f)(6) 14 normally does not change should be approved or For the Commission, by the Division of
become operative prior to 30 days after disapproved. Trading and Markets, pursuant to delegated
the date of the filing. However, pursuant authority.18
to Rule 19b–4(f)(6)(iii),15 the IV. Solicitation of Comments Robert W. Errett,
Commission may designate a shorter Interested persons are invited to Deputy Secretary.
time if such action is consistent with the submit written data, views, and [FR Doc. 2015–30944 Filed 12–8–15; 8:45 am]
protection of investors and the public arguments concerning the foregoing, BILLING CODE 8011–01–P
interest. The Exchange has asked the including whether the proposed rule
Commission to waive the 30-day change is consistent with the Act.
operative delay so that the proposed Comments may be submitted by any of SECURITIES AND EXCHANGE
rule change may become operative the following methods: COMMISSION
immediately.16 In requesting the waiver,
the Exchange stated its belief that Electronic Comments [Release No. 34–76547; File No. SR–BOX–
2015–37]
having harmonized requirements for • Use the Commission’s Internet
comment form (http://www.sec.gov/ Self-Regulatory Organizations; BOX
10 15 U.S.C. 78s(b)(3)(A)(iii). rules/sro.shtml); or Options Exchange LLC; Notice of
• Send an email to rule-comments@
11 17 CFR 240.19b–4(f)(6).
12 15 U.S.C. 78s(b)(3)(A).
Filing and Immediate Effectiveness of
13 17 CFR 240.19b–4(f)(6). In addition, Rule 19b–
sec.gov. Please include File Number SR– a Proposed Rule Change To amend
4(f)(6)(iii) requires the Exchange to give the NYSE–2015–59 on the subject line. IM–5050–10 to BOX Rule 5050 (Mini
Commission written notice of the Exchange’s intent
Paper Comments Option Contracts)
to file the proposed rule change, along with a brief
description and text of the proposed rule change, • Send paper comments in triplicate December 3, 2015.
at least five business days prior to the date of filing Pursuant to Section 19(b)(1) of the
of the proposed rule change, or such shorter time
to Secretary, Securities and Exchange
as designated by the Commission. The Exchange Commission, 100 F Street NE., Securities Exchange Act of 1934
has satisfied this requirement. Washington, DC 20549–1090. (‘‘Act’’),1 and Rule 19b–4 thereunder,2
mstockstill on DSK4VPTVN1PROD with NOTICES

14 17 CFR 240.19b–4(f)(6).
All submissions should refer to File notice is hereby given that on November
15 17 CFR 240.19b–4(f)(6)(iii).
Number SR–NYSE–2015–59. This file 20, 2015, BOX Options Exchange LLC
16 The Commission notes that another national
number should be included on the (the ‘‘Exchange’’) filed with the
securities exchange has a similar rule for its Retail Securities and Exchange Commission
Member Organizations and that the proposal does
not raise any novel regulatory issues. See Securities 17 For purposes only of waiving the 30-day
18 17 CFR 200.30–3(a)(12), (59).
Exchange Act Release No. 76207 (October 21, 2015), operative delay, the Commission has considered the
1 15 U.S.C. 78s(b)(1).
80 FR 65824 (October 27, 2015) (SR–BYX–2015– proposed rule’s impact on efficiency, competition,
45). and capital formation. See 15 U.S.C. 78c(f). 2 17 CFR 240.19b–4.

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Federal Register / Vol. 80, No. 236 / Wednesday, December 9, 2015 / Notices 76611

IV. Solicitation of Comments For the Commission, by the Division of for the proposed Keystone XL pipeline’s
Trading and Markets, pursuant to delegated border facilities would not serve the
Interested persons are invited to authority.10 national interest, and denied the Permit
submit written data, views and Robert W. Errett, application. This decision prohibits
arguments concerning the foregoing, Deputy Secretary. TransCanada from constructing,
including whether the proposed rule [FR Doc. 2015–30939 Filed 12–8–15; 8:45 am] connecting, operating, and maintaining
change is consistent with the Act. BILLING CODE 8011–01–P pipeline facilities at the border of the
Comments may be submitted by any of United States and Canada in Phillips
the following methods: County, Montana, for the export of
Electronic Comments DEPARTMENT OF STATE crude oil from Canada to the United
[Public Notice: 9373] States.
• Use the Commission’s Internet
comment form (http://www.sec.gov/ In the Matter of the Designation of the FOR FURTHER INFORMATION CONTACT:
rules/sro.shtml); or Libyan Islamic Fighting Group, Also Office of Policy Analysis and Public
Diplomacy, Bureau of Energy Resources,
• Send an email to rule-comments@ Known as LIFG, as a Foreign Terrorist
Organization Pursuant to Section 219 U.S. Department of State (ENR/EGA/
sec.gov. Please include File Number SR–
of the Immigration and Nationality Act, PAPD), 2201 C St. NW., Ste. 4422,
BOX–2015–37 on the subject line.
as Amended Washington DC 20520; Tel: 202–647–
Paper Comments 3423.
Based upon a review of the
• Send paper comments in triplicate Administrative Record assembled in SUPPLEMENTARY INFORMATION:
to Secretary, Securities and Exchange this matter, and in consultation with the Additional information concerning the
Commission, 100 F Street NE., Attorney General and the Secretary of Keystone XL pipeline Presidential
Washington, DC 20549–1090. the Treasury, I conclude that the Permit application and documents
circumstances that were the basis for the related to the Department of State’s
All submissions should refer to File designation of the Libyan Islamic
Number SR–BOX–2015–37. This file review of the application can be found
Fighting Group also known as LIFG as at www.keystonepipeline-xl.state.gov.
number should be included on the foreign terrorist organization have
subject line if email is used. To help the changed in such a manner as to warrant Dated: November 27, 2015.
Commission process and review your revocation of the designation. Matthew T. McManus,
comments more efficiently, please use Therefore, I hereby determine that the Acting Director, Office of Policy Analysis and
only one method. The Commission will designation of the Libyan Islamic Public Diplomacy, Bureau of Energy
post all comments on the Commission’s Fighting Group as a foreign terrorist Resources, U.S. Department of State.
Internet Web site (http://www.sec.gov/ organization, pursuant to Section 219 of [FR Doc. 2015–31038 Filed 12–8–15; 8:45 am]
rules/sro.shtml). Copies of the the Immigration and Nationality Act, as BILLING CODE 4710–AE–P
submission, all subsequent amended (8 U.S.C. 1189), shall be
amendments, all written statements revoked.
with respect to the proposed rule This determination shall be published DEPARTMENT OF STATE
change that are filed with the in the Federal Register.
Commission, and all written Dated: November 30, 2015. [Public Notice 9372]
communications relating to the John F. Kerry,
proposed rule change between the Secretary of State. In the Matter of the Designation of the
Commission and any person, other than [FR Doc. 2015–31034 Filed 12–8–15; 8:45 am] Libyan Islamic Fighting Group, Also
those that may be withheld from the BILLING CODE 4710–AD–P
Known as LIFG, as a ‘‘Terrorist
public in accordance with the Organization’’ Pursuant to Section
provisions of 5 U.S.C. 552, will be 212(a)(3)(B)(vi)(II) of the Immigration
available for Web site viewing and DEPARTMENT OF STATE and Nationality Act, as Amended
printing in the Commission’s Public [Public Notice: 9374]
Reference Room, 100 F Street NE., Acting under the authority of Section
Washington, DC 20549, on official Notice of a Decision To Deny a 212(a)(3)(B)(vi)(II) of the INA, I hereby
business days between the hours of Presidential Permit to TransCanada revoke the designation of the Libyan
10:00 a.m. and 3:00 p.m. Copies of such Keystone Pipeline LP for the Proposed Islamic Fighting Group also known as
filing also will be available for Keystone XL Pipeline LIFG as a ‘‘terrorist organization’’ under
inspection and copying at the principal Section 212(a)(3)(B)(vi)(II) of the INA.
AGENCY: Department of State.
office of the Exchange. All comments This determination shall be published
received will be posted without change; ACTION:Notice of a Decision To Deny a in the Federal Register.
the Commission does not edit personal Presidential Permit to TransCanada
Keystone Pipeline LP for the Proposed Dated: November 30, 2015.
identifying information from
Keystone XL Pipeline. John F. Kerry,
submissions. You should submit only
information that you wish to make Secretary of State.
mstockstill on DSK4VPTVN1PROD with NOTICES

SUMMARY: On November 6, 2015, the
available publicly. All submissions [FR Doc. 2015–31035 Filed 12–8–15; 8:45 am]
Department of State announced the
should refer to File Number SR–BOX– Secretary of State’s determination under BILLING CODE 4710–AD–P

2015–37 and should be submitted on or Executive Order 13337 that issuing a
before December 30, 2015. Presidential Permit to TransCanada
Keystone Pipeline LP (‘‘TransCanada’’)
10 17 CFR 200.30–3(a)(12).

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Document Created: 2015-12-14 13:32:44
Document Modified: 2015-12-14 13:32:44
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 76609