80 FR 77686 - Self-Regulatory Organizations; EDGX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Rule 19.6, Series of Options Contracts Open for Trading

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 80, Issue 240 (December 15, 2015)

Page Range		77686-77688
FR Document		2015-31438

Federal Register, Volume 80 Issue 240 (Tuesday, December 15, 2015)

[Federal Register Volume 80, Number 240 (Tuesday, December 15, 2015)]
[Notices]
[Pages 77686-77688]
From the Federal Register Online [www.thefederalregister.org]
[FR Doc No: 2015-31438]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-76597; File No. SR-EDGX-2015-60]

Self-Regulatory Organizations; EDGX Exchange, Inc.; Notice of
Filing and Immediate Effectiveness of a Proposed Rule Change to Rule
19.6, Series of Options Contracts Open for Trading

December 9, 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 December 2, 2015, EDGX Exchange, Inc. (``Exchange'' or ``EDGX'')
filed with the Securities and Exchange Commission (``Commission'') the
proposed rule change as described in Items I and II 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 Substance
of the Proposed Rule Change

The Exchange filed a proposal for the Exchange's equity options
platform (``EDGX Options'') to amend Interpretation and Policy .07
(Mini Options Contracts) to Rule 19.6 (Series of Options Contracts Open
for Trading).
The text of the proposed rule change is available at the Exchange's
Web site at www.batstrading.com, at the principal office of the
Exchange, 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 parts of such
statements.

[[Page 77687]]

(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 Interpretation and Policy .07 to
Rule 19.6 regarding Mini Options Contracts traded on EDGX Options, to
replace the name ``Google Inc.'' with ``Alphabet Inc.'' Google Inc.
(``Google'') recently reorganized to create a new public holding
company called Alphabet Inc. (``Alphabet''). As a result of the holding
company reorganization, each share of Class A Common Stock (``GOOG''),
which the Exchange has listed as a Mini Options Contract, has
automatically converted into an equivalent corresponding share of
Alphabet Inc. stock. The Exchange also proposes to change symbol
``GOOG'' in Interpretation and Policy .07 to Rule 19.6 to ``GOOGL'' to
make the EDGX Options Alphabet Class A Common Stock Mini Options
Contract symbol consistent with the Alphabet symbols used across the
national exchanges.
The Exchange proposes this change to Interpretation and Policy .07
to enable the Exchange to list and trade Mini Options Contract 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 Interpretation and
Policy .07 to Rule 19.6 reflects the Exchange's intention to be able to
list and trade Mini Options on an exhaustive list of underlying
securities enumerated in Interpretation and Policy .07 to Rule 19.6.
This change is meant to continue the inclusion of Class A shares of
Google (now Alphabet) in the current list of underlying securities that
Mini Options Contracts can be traded on, while making clear that Class
C Capital Stock shares of Google (now Alphabet) are not part of that
list as that class of options has not been approved for Mini Options
Contracts trading. As a result, the proposed change will help avoid
confusion.
2. Statutory Basis
The Exchange believes that its proposal is consistent with the
requirements of the Act and the rules and regulations thereunder that
are applicable to a national securities exchange, and, in particular,
with the requirements of Section 6(b) of the Act.\3\ Specifically, the
proposal is consistent with Section 6(b)(5) of the Act \4\ because it
would promote just and equitable principles of trade, 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) \5\ requirement that
the rules of an exchange not be designed to permit unfair
discrimination between customers, issuers, brokers, or dealers.
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\3\ 15 U.S.C. 78f(b).
\4\ 15 U.S.C. 78f(b)(5).
\5\ Id.
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In particular, the proposal to change the name Google to Alphabet
to reflect the new ownership structure is consistent with the Act
because the proposed change merely updates the current name to allow
for continued Mini Options Contracts trading on Google's (now Alphabet)
Class A shares and changes the symbol ``GOOG'' to ``GOOGL'' to be
consistent with other national exchanges. The proposed change will
allow for continued benefit to investors by enabling the Exchange to
provide 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 that is not necessary or appropriate
in furtherance of the purposes of the Act. The proposed rule 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 [sic] is merely
attempting to continue to have the ability to list and trade Class A
shares of the company formerly known as Google, now Alphabet, as a Mini
Option Contract. Additionally, the changing the ``GOOG'' symbol to
``GOOGL'' will be a change in name-only. The new symbol will continue
to represent shares of Google's (now Alphabet's) Class A shares. 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 not solicited, and does not intend to solicit,
comments on this proposed rule change. The Exchange has not received
any written comments from members or other interested parties.

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

Because the proposed rule change 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, the proposed rule change has become effective
pursuant to Section 19(b)(3)(A) of the Act \6\ and Rule 19b-4(f)(6)
thereunder.\7\
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\6\ 15 U.S.C. 78s(b)(3)(A).
\7\ 17 CFR 240.19b-4(f)(6). In addition, Rule 19b-4(f)(6)(iii)
requires the Exchange to give the Commission written notice of the
Exchange's intent to file the proposed rule change, along with a
brief description and text of 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. The
Exchange has satisfied this requirement.
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A proposed rule change filed under Rule 19b-4(f)(6) \8\ normally
does not become operative for 30 days after the date of filing.
However, pursuant to Rule 19b-4(f)(6)(iii) \9\ the Commission may
designate a shorter time if such action is consistent with the
protection of investors and the public interest.
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\8\ 17 CFR 240.19b-4(f)(6).
\9\ 17 CFR 240.19b-4(f)(6)(iii).
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The Exchange has asked the Commission to waive the 30-day operative
delay so that the proposal may become operative immediately upon
filing. The Commission believes that waiving the 30-day operative delay
is consistent with the protection of investors and the public interest
as it will allow the Exchange to accurately reflect the new ownership
structure and ticker symbol for Alphabet Class A shares and to continue
to list and trade mini options on Alphabet's Class A shares, formerly
Google Class A shares. For these reasons, the Commission designates the
proposed rule change to be operative upon filing.\10\
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\10\ For purposes only of waiving the 30-day operative delay,
the Commission has also considered the proposed rule's impact on
efficiency, competition, and capital formation. See 15 U.S.C.
78c(f).
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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

[[Page 77688]]

to determine whether the proposed rule should be approved or
disapproved.

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 rule-comments@sec.gov. Please include
File Number SR-EDGX-2015-60 on the subject line.

Paper Comments

Send paper comments in triplicate to Brent J. Fields,
Secretary, Securities and Exchange Commission, 100 F Street NE.,
Washington, DC 20549-1090.

All submissions should refer to File Number SR-EDGX-2015-60. 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-EDGX-2015-60, and should be
submitted on or before January 5, 2016.

For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\11\
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\11\ 17 CFR 200.30-3(a)(12).
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Robert W. Errett,
Deputy Secretary.
[FR Doc. 2015-31438 Filed 12-14-15; 8:45 am]
BILLING CODE 8011-01-P

77686 Federal Register / Vol. 80, No. 240 / Tuesday, December 15, 2015 / Notices

reports to multiple markets, rather than Electronic Comments SECURITIES AND EXCHANGE
providing them all to a single market. COMMISSION
• Use the Commission’s Internet
C. Self-Regulatory Organization’s comment form (http://www.sec.gov/
Statement on Comments on the [Release No. 34–76597; File No. SR–EDGX–
rules/sro.shtml); or
Proposed Rule Change Received From 2015–60]
• Send an email to rule-comments@
Members, Participants, or Others
sec.gov. Please include File Number SR– Self-Regulatory Organizations; EDGX
No written comments were solicited NYSEMKT–2015–101 on the subject Exchange, Inc.; Notice of Filing and
or received with respect to the proposed line. Immediate Effectiveness of a Proposed
rule change. Rule Change to Rule 19.6, Series of
Paper Comments
Options Contracts Open for Trading
III. Date of Effectiveness of the
• Send paper comments in triplicate
Proposed Rule Change and Timing for December 9, 2015.
to Brent J. Fields, Secretary, Securities
Commission Action
and Exchange Commission, 100 F Street Pursuant to Section 19(b)(1) of the
The Exchange has filed the proposed NE., Washington, DC 20549–1090. Securities Exchange Act of 1934
rule change pursuant to Section (‘‘Act’’),1 and Rule 19b–4 thereunder,2
All submissions should refer to File notice is hereby given that on December
19(b)(3)(A)(iii) of the Act 10 and Rule Number SR–NYSEMKT–2015–101. This
19b–4(f)(6) thereunder.11 Because the 2, 2015, EDGX Exchange, Inc.
file number should be included on the (‘‘Exchange’’ or ‘‘EDGX’’) filed with the
proposed rule change does not: (i)
subject line if email is used. To help the Securities and Exchange Commission
significantly affect the protection of
Commission process and review your (‘‘Commission’’) the proposed rule
investors or the public interest; (ii)
comments more efficiently, please use change as described in Items I and II
impose any significant burden on
only one method. The Commission will below, which Items have been prepared
competition; and (iii) become operative
post all comments on the Commission’s by the Exchange. The Commission is
prior to 30 days from the date on which
Internet Web site (http://www.sec.gov/ publishing this notice to solicit
it was filed, or such shorter time as the
Commission may designate, if rules/sro.shtml). Copies of the comments on the proposed rule change
consistent with the protection of submission, all subsequent from interested persons.
investors and the public interest, the amendments, all written statements
proposed rule change has become with respect to the proposed rule I. Self-Regulatory Organization’s
effective pursuant to Section 19(b)(3)(A) change that are filed with the Statement of the Terms of Substance of
of the Act and Rule 19b–4(f)(6)(iii) Commission, and all written the Proposed Rule Change
thereunder. communications relating to the
proposed rule change between the The Exchange filed a proposal for the
At any time within 60 days of the Exchange’s equity options platform
Commission and any person, other than
filing of such proposed rule change, the (‘‘EDGX Options’’) to amend
those that may be withheld from the
Commission summarily may Interpretation and Policy .07 (Mini
public in accordance with the
temporarily suspend such rule change if Options Contracts) to Rule 19.6 (Series
it appears to the Commission that such provisions of 5 U.S.C. 552, will be
available for Web site viewing and of Options Contracts Open for Trading).
action is necessary or appropriate in the
printing in the Commission’s Public The text of the proposed rule change
public interest, for the protection of
Reference Room, 100 F Street NE., is available at the Exchange’s Web site
investors, or otherwise in furtherance of
Washington, DC 20549 on official at www.batstrading.com, at the
the purposes of the Act. If the
Commission takes such action, the business days between the hours of principal office of the Exchange, and at
Commission shall institute proceedings 10:00 a.m. and 3:00 p.m. Copies of such the Commission’s Public Reference
under Section 19(b)(2)(B) 12 of the Act to filing also will be available for Room.
determine whether the proposed rule inspection and copying at the principal II. Self-Regulatory Organization’s
change should be approved or offices of the Exchange. All comments Statement of the Purpose of, and
disapproved. received will be posted without change; Statutory Basis for, the Proposed Rule
the Commission does not edit personal Change
IV. Solicitation of Comments identifying information from
Interested persons are invited to submissions. You should submit only In its filing with the Commission, the
submit written data, views, and information that you wish to make Exchange included statements
arguments concerning the foregoing, available publicly. All submissions concerning the purpose of and basis for
including whether the proposed rule should refer to File Number SR– the proposed rule change and discussed
change is consistent with the Act. NYSEMKT–2015–101, and should be any comments it received on the
Comments may be submitted by any of submitted on or before January 5, 2016. proposed rule change. The text of these
the following methods: For the Commission, by the Division of statements may be examined at the
Trading and Markets, pursuant to delegated places specified in Item IV below. The
10 15 U.S.C. 78s(b)(3)(A)(iii). authority.13 Exchange has prepared summaries, set
asabaliauskas on DSK5VPTVN1PROD with NOTICES

11 17 CFR 240.19b–4(f)(6). In addition, Rule 19b– Robert W. Errett, forth in Sections A, B, and C below, of
4(f)(6)(iii) requires a self-regulatory organization to the most significant parts of such
give the Commission written notice of its intent to Deputy Secretary.
file the proposed rule change, along with a brief statements.
[FR Doc. 2015–31441 Filed 12–14–15; 8:45 am]
description and text of the proposed rule change,
at least five business days prior to the date of filing BILLING CODE 8011–01–P
of the proposed rule change, or such shorter time
as designated by the Commission. The Exchange
1 15 U.S.C. 78s(b)(1).
has satisfied this requirement.
12 15 U.S.C. 78s(b)(2)(B). 13 17 CFR 200.30–3(a)(12). 2 17 CFR 240.19b–4.

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77688 Federal Register / Vol. 80, No. 240 / Tuesday, December 15, 2015 / Notices

to determine whether the proposed rule For the Commission, by the Division of SECURITIES AND EXCHANGE
should be approved or disapproved. Trading and Markets, pursuant to delegated COMMISSION
authority.11
IV. Solicitation of Comments Robert W. Errett,
[Release No. 34–76598; File No. SR–NYSE–
2015–62]
Interested persons are invited to Deputy Secretary.
submit written data, views, and [FR Doc. 2015–31438 Filed 12–14–15; 8:45 am] Self-Regulatory Organizations; New
arguments concerning the foregoing, BILLING CODE 8011–01–P
York Stock Exchange LLC; Notice of
including whether the proposed rule Filing and Immediate Effectiveness of
change is consistent with the Act. Proposed Rule Change Amending Rule
Comments may be submitted by any of SECURITIES AND EXCHANGE 123C To Define the Term ‘‘Official
the following methods: COMMISSION Closing Price’’
December 9, 2015.
Electronic Comments
[File No. 500–1] Pursuant to Section 19(b)(1) 1 of the
• Use the Commission’s Internet Securities Exchange Act of 1934 (the
comment form (http://www.sec.gov/ In The Matter of Oxford City Football ‘‘Act’’) 2 and Rule 19b–4 thereunder,3
rules/sro.shtml); or Club, Inc.; Order of Suspension of notice is hereby given that on November
Trading 25, 2015, New York Stock Exchange
• Send an email to rule-comments@ LLC (‘‘NYSE’’ or the ‘‘Exchange’’) filed
sec.gov. Please include File Number SR– December 11, 2015. with the Securities and Exchange
EDGX–2015–60 on the subject line. Oxford City Football Club, Inc., Commission (the ‘‘Commission’’) the
Paper Comments (‘‘Oxford City’’) is a Florida corporation proposed rule change as described in
with principal place of business listed Items I and II below, which Items have
• Send paper comments in triplicate as Deerfield Beach, Florida. Its stock is been prepared by the self-regulatory
to Brent J. Fields, Secretary, Securities quoted on the OTCBB and OTC Link organization. The Commission is
and Exchange Commission, 100 F Street using the ticker symbol ‘‘OXFC.’’ It publishing this notice to solicit
NE., Washington, DC 20549–1090. appears to the Securities and Exchange comments on the proposed rule change
Commission that there is a lack of from interested persons.
All submissions should refer to File
Number SR–EDGX–2015–60. This file current and accurate information I. Self-Regulatory Organization’s
number should be included on the concerning the securities of Oxford City Statement of the Terms of Substance of
subject line if email is used. To help the because of questions regarding the the Proposed Rule Change
Commission process and review your accuracy of assertions by Oxford City The Exchange proposes to amend
comments more efficiently, please use and its CEO Thomas A. Guerriero, and Rule 123C to define the term ‘‘Official
only one method. The Commission will by others, in press releases and other Closing Price.’’ The proposed rule
post all comments on the Commission’s statements to investors concerning, change is available on the Exchange’s
Internet Web site (http://www.sec.gov/ among other things: (1) The company’s Web site at www.nyse.com, at the
rules/sro.shtml). Copies of the assets; (2) projections for the company’s principal office of the Exchange, and at
submission, all subsequent income; (3) the nature of the company’s the Commission’s Public Reference
amendments, all written statements management; and (4) other general Room.
with respect to the proposed rule corporate plans and information. II. Self-Regulatory Organization’s
change that are filed with the The Commission is of the opinion that Statement of the Purpose of, and
Commission, and all written the public interest and the protection of Statutory Basis for, the Proposed Rule
communications relating to the investors require a suspension of trading Change
proposed rule change between the in the securities of the above-listed In its filing with the Commission, the
Commission and any person, other than company. self-regulatory organization included
those that may be withheld from the Therefore, it is ordered, pursuant to statements concerning the purpose of,
public in accordance with the Section 12(k) of the Securities Exchange and basis for, the proposed rule change
provisions of 5 U.S.C. 552, will be Act of 1934, that trading in the and discussed any comments it received
available for Web site viewing and securities of the above-listed company is on the proposed rule change. The text
printing in the Commission’s Public suspended for the period from 9:30 a.m. of those statements may be examined at
Reference Room, 100 F Street NE., EST, on December 11, 2015, through the places specified in Item IV below.
Washington, DC 20549 on official 11:59 p.m. EST on December 24, 2015. The Exchange has prepared summaries,
business days between the hours of set forth in sections A, B, and C below,
By the Commission. of the most significant parts of such
10:00 a.m. and 3:00 p.m. Copies of such
filing also will be available for Brent J. Fields, statements.
inspection and copying at the principal Secretary. A. Self-Regulatory Organization’s
office of the Exchange. All comments [FR Doc. 2015–31597 Filed 12–11–15; 11:15 am] Statement of the Purpose of, and the
received will be posted without change; BILLING CODE 8011–01–P Statutory Basis for, the Proposed Rule
asabaliauskas on DSK5VPTVN1PROD with NOTICES

the Commission does not edit personal Change
identifying information from
1. Purpose
submissions. You should submit only
information that you wish to make The Exchange proposes to amend
available publicly. All submissions Rule 123C to define the term ‘‘Official
should refer to File Number SR–EDGX– 1 15 U.S.C.78s(b)(1).
2015–60, and should be submitted on or 2 15 U.S.C. 78a.
before January 5, 2016. 11 17 CFR 200.30–3(a)(12). 3 17 CFR 240.19b–4.

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Document Created: 2018-03-02 09:16:29
Document Modified: 2018-03-02 09:16:29

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 77686