81 FR 14154 - Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Withdrawal of a Proposed Rule Change To List and Trade Shares of the Global Currency Gold Fund Under NYSE Arca Equities Rule 8.201

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 81, Issue 51 (March 16, 2016)

Page Range		14154-14155
FR Document		2016-05851

Federal Register, Volume 81 Issue 51 (Wednesday, March 16, 2016)

[Federal Register Volume 81, Number 51 (Wednesday, March 16, 2016)]
[Notices]
[Pages 14154-14155]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-05851]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-77337; SR-NYSEArca-2015-76]


Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of 
Withdrawal of a Proposed Rule Change To List and Trade Shares of the 
Global Currency Gold Fund Under NYSE Arca Equities Rule 8.201

March 10, 2016.
    On August 28, 2015, NYSE Arca, Inc. (``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 list and trade 
shares of the Global Currency Gold Fund under NYSE Arca Equities Rule 
8.201. The proposed rule change was published for comment in the 
Federal Register on September 16, 2015.\3\ On September 29, 2015, the 
Exchange submitted Amendment No. 1 to the proposed rule change.\4\ On 
October 28, 2015, pursuant to Section 19(b)(2) of the Act,\5\ the 
Commission designated a longer period within which

[[Page 14155]]

to either approve the proposed rule change, disapprove the proposed 
rule change, or institute proceedings to determine whether to 
disapprove the proposed rule change.\6\ On December 11, 2015, the 
Commission instituted proceedings under Section 19(b)(2)(B) of the Act 
\7\ to determine whether to approve or disapprove the proposed rule 
change, as modified by Amendment No. 1.\8\ The Commission has not 
received any comments on the proposal, as modified by Amendment No. 1.
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ See Securities Exchange Act Release No. 75900 (Sep. 11, 
2015), 80 FR 55674.
    \4\ In Amendment No. 1, the Exchange: (1) Identified weightings 
of each currency referenced in the Index; (2) supplemented its 
description of the method of calculation for the Spot Rate; (3) 
clarified when the Fund may suspend the right of redemption or 
postpone the redemption settlement date. Amendment No. 1 is 
available at: http://www.sec.gov/rules/sro/nysearca/2015/34-75900-amendment1.pdf.
    \5\ 15 U.S.C. 78s(b)(2).
    \6\ See Securities Exchange Act Release No. 76291, 80 FR 67827 
(Nov. 3, 2015). The Commission determined that it was appropriate to 
designate a longer period within which to take action on the 
proposed rule change so that it had sufficient time to consider the 
proposed rule change. Accordingly, the Commission designated 
December 15, 2015 as the date by which it should approve, 
disapprove, or institute proceedings to determine whether to 
disapprove the proposed rule change.
    \7\ 15 U.S.C. 78s(b)(2)(B).
    \8\ See Securities Exchange Act Release No. 76630, 80 FR 78791 
(Dec. 17, 2015).
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    On March 7, 2016, the Exchange withdrew the proposed rule change 
(SR-NYSEArca-2015-76).
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    \9\ 17 CFR 200.30-3(a)(57).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\9\
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2016-05851 Filed 3-15-16; 8:45 am]
 BILLING CODE 8011-01-P

14154 Federal Register / Vol. 81, No. 51 / Wednesday, March 16, 2016 / Notices

Schedule of Fees described in this Section 19(b)(3)(A)(ii) of the Act 14 and filing also will be available for
proposed rule change. Rule 19b–4(f)(2) thereunder 15 because it inspection and copying at the principal
constitutes a change in fees imposed by office of OCC and on OCC’s Web site at
2. Statutory Basis
OCC on its clearing members and other http://www.theocc.com/components/
OCC believes that the proposed rule market participants using OCC’s docs/legal/rules_and_bylaws/sr_occ_16_
change is consistent with Section services. At any time within 60 days of 005.pdf.
17A(b)(3)(D) 11 of the Act, because it the filing of the proposed rule change, All comments received will be posted
provides for the equitable allocation of the Commission summarily may without change; the Commission does
reasonable dues, fees and charges temporarily suspend such rule change if not edit personal identifying
among its participants in that all it appears to the Commission that such information from submissions. You
clearing members would be charged the action is necessary or appropriate in the should submit only information that
same per contract clearing fee per trade public interest, for the protection of you wish to make available publicly. All
(subject to a fixed dollar cap) investors, or otherwise in furtherance of submissions should refer to File
notwithstanding the size of such trade. the purposes of the Act. Number SR–OCC–2016–005 and should
OCC believes that charging clearing be submitted on or before April 6, 2016.
IV. Solicitation of Comments
members a flat trade fee subject to a For the Commission, by the Division of
fixed dollar cap more equitably allocates Interested persons are invited to Trading and Markets, pursuant to delegated
the cost of providing clearance and submit written data, views, and authority.16
settlement services for a given trade. arguments concerning the foregoing, Robert W. Errett,
The proposed rule change is not including whether the proposed rule Deputy Secretary.
inconsistent with the existing rules of change is consistent with the Act. [FR Doc. 2016–05850 Filed 3–15–16; 8:45 am]
OCC including any other rules proposed Comments may be submitted by any of BILLING CODE 8011–01–P
to be amended. the following methods:
(B) Clearing Agency’s Statement on Electronic Comments
SECURITIES AND EXCHANGE
Burden on Competition • Use the Commission’s Internet COMMISSION
OCC does not believe that the comment form (http://www.sec.gov/
rules/sro.shtml); or [Release No. 34–77337; SR–NYSEArca–
proposed rule change would have any 2015–76]
impact or impose a burden on • Send an email to rule-comments@
competition.12 Although this proposed sec.gov. Please include File Number SR– Self-Regulatory Organizations; NYSE
rule change affects clearing members, OCC–2016–005 on the subject line. Arca, Inc.; Notice of Withdrawal of a
their customers and the markets that Paper Comments Proposed Rule Change To List and
OCC serves, OCC believes that the • Send paper comments in triplicate
Trade Shares of the Global Currency
proposed rule change would not Gold Fund Under NYSE Arca Equities
to Brent J. Fields, Secretary, Securities
disadvantage or favor any particular Rule 8.201
and Exchange Commission, 100 F Street
user of OCC’s services in relationship to NE., Washington, DC 20549–1090. March 10, 2016.
another user because clearing fees apply
equally to all users of OCC. Moreover, All submissions should refer to File On August 28, 2015, NYSE Arca, Inc.
the proposed changes to the structure of Number SR–OCC–2016–005. This file (‘‘Exchange’’) filed with the Securities
number should be included on the and Exchange Commission
OCC’s Schedule of Fees are revenue
subject line if email is used. To help the (‘‘Commission’’), pursuant to Section
neutral and would not affect one set of
Commission process and review your 19(b)(1) of the Securities Exchange Act
users of OCC’s services in favor of
comments more efficiently, please use of 1934 (‘‘Act’’) 1 and Rule 19b–4
another. For the foregoing reasons, OCC
only one method. The Commission will thereunder,2 a proposed rule change to
does not believe that the proposed rule
post all comments on the Commission’s list and trade shares of the Global
change would have any impact or
Internet Web site (http://www.sec.gov/ Currency Gold Fund under NYSE Arca
impose a burden on competition.
rules/sro.shtml). Copies of the Equities Rule 8.201. The proposed rule
(C) Clearing Agency’s Statement on submission, all subsequent change was published for comment in
Comments on the Proposed Rule amendments, all written statements the Federal Register on September 16,
Change Received From Members, with respect to the proposed rule 2015.3 On September 29, 2015, the
Participants or Others change that are filed with the Exchange submitted Amendment No. 1
Commission, and all written to the proposed rule change.4 On
Written comments on the proposed
communications relating to the October 28, 2015, pursuant to Section
rule change were not and are not
proposed rule change between the 19(b)(2) of the Act,5 the Commission
intended to be solicited with respect to
Commission and any person, other than designated a longer period within which
the proposed rule change and none have
been received. those that may be withheld from the
16 17 CFR 200.30–3(a)(12).
public in accordance with the
1 15 U.S.C. 78s(b)(1).
III. Date of Effectiveness of the provisions of 5 U.S.C. 552, will be
2 17 CFR 240.19b–4.
Proposed Rule Change and Timing for available for Web site viewing and 3 See Securities Exchange Act Release No. 75900
Commission Action printing in the Commission’s Public (Sep. 11, 2015), 80 FR 55674.
Reference Room, 100 F Street NE., 4 In Amendment No. 1, the Exchange: (1)
The foregoing rule change has become
mstockstill on DSK4VPTVN1PROD with NOTICES

Washington, DC 20549, on official Identified weightings of each currency referenced in
effective upon filing 13 pursuant to the Index; (2) supplemented its description of the
business days between the hours of
method of calculation for the Spot Rate; (3) clarified
11 15U.S.C. 78q–1(b)(3)(D). 10:00 a.m. and 3:00 p.m. Copies of such when the Fund may suspend the right of
12 15U.S.C. 78q–1(b)(3)(I). redemption or postpone the redemption settlement
13 Notwithstanding the immediate effectiveness of contingent on it being deemed certified under CFTC date. Amendment No. 1 is available at: http://
the proposed rule change and OCC’s anticipated Regulation § 40.6. www.sec.gov/rules/sro/nysearca/2015/34-75900-
14 15 U.S.C. 78s(b)(3)(A)(ii). amendment1.pdf.
implementation date of May 2, 2016,
implementation of this rule change is also 15 17 CFR 240.19b–4(f)(2). 5 15 U.S.C. 78s(b)(2).

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Federal Register / Vol. 81, No. 51 / Wednesday, March 16, 2016 / Notices 14155

to either approve the proposed rule solicit comments on the proposed rule BX Options Market Makers,7 Non-
change, disapprove the proposed rule change from interested persons. Customers,8 and Firms.9
change, or institute proceedings to Currently, Chapter XV, Section 2,
I. Self-Regulatory Organization’s subsection (1), contains a SPY 10
determine whether to disapprove the
Statement of the Terms of Substance of Options Tier Schedule (‘‘SPY
proposed rule change.6 On December
the Proposed Rule Change Schedule’’) that has four tiers. The
11, 2015, the Commission instituted
proceedings under Section 19(b)(2)(B) of The Exchange proposes to amend its Exchange proposes to convert the SPY
the Act 7 to determine whether to Options Pricing at Chapter XV Section Schedule into the Select Symbols
approve or disapprove the proposed 2, entitled ‘‘BX Options Market—Fees Options Tier Schedule, as discussed in
rule change, as modified by Amendment and Rebates,’’ which governs pricing for detail below.
No. 1.8 The Commission has not BX members using the BX Options
Change 1—Penny Pilot Options: Modify
received any comments on the proposal, Market (‘‘BX Options’’). The Exchange Fees and Rebates To Add the Select
as modified by Amendment No. 1. proposes to modify certain fees and Symbols Options Tier Schedule
On March 7, 2016, the Exchange rebates (per executed contract) to adopt
withdrew the proposed rule change the Select Symbol Options Tier In Change 1, the Exchange proposes
(SR–NYSEArca–2015–76). Schedule for certain Penny Pilot 4 modifications to convert its current SPY
Options (each a ‘‘Select Symbol’’ and Schedule to the Select Symbols Options
For the Commission, by the Division of
Trading and Markets, pursuant to delegated together the ‘‘Select Symbols’’). Tier Schedule. The proposed change
authority.9 The text of the proposed rule change keeps the great majority of the current
Robert W. Errett, is available on the Exchange’s Web site SPY Schedule fees and rebates
Deputy Secretary. at http://nasdaqomxbx.cchwall assessments (twelve out of sixteen) and
street.com/, at the principal office of the tiers (three out of four) exactly the same
[FR Doc. 2016–05851 Filed 3–15–16; 8:45 am]
Exchange, and at the Commission’s in the new Select Symbols Options Tier
BILLING CODE 8011–01–P
Public Reference Room. Schedule; and updates the fees and
rebates schedule to indicate ‘‘Select
II. Self-Regulatory Organization’s Symbols’’ rather than ‘‘SPY.’’
SECURITIES AND EXCHANGE Statement of the Purpose of, and Specifically, the Exchange proposes,
COMMISSION Statutory Basis for, the Proposed Rule commensurate with renaming the SPY
[Release No. 34–77339; File No. SR–BX– Change Options Tier Schedule the Select
2016–016] Symbols Options Tier Schedule, to set
In its filing with the Commission, the
Exchange included statements forth the BX Options Select Symbol List.
Self-Regulatory Organizations; The Select Symbols 11 on this list
NASDAQ BX, Inc.; Notice of Filing and concerning the purpose of and basis for
the proposed rule change and discussed represent, similarly to SPY, some of the
Immediate Effectiveness of Proposed highest volume Penny Pilot Options
Rule Change Regarding Fees and any comments it received on the
proposed rule change. The text of these traded on the Exchange and in the U.S.
Rebates To Adopt the Select Symbols The proposed Select Symbols are
Options Tier Schedule statements may be examined at the
places specified in Item IV below. The similar to those of other options
March 10, 2016. Exchange has prepared summaries, set exchanges (e.g., the MIAX Options
Pursuant to Section 19(b)(1) of the forth in sections A, B, and C below, of Exchange (‘‘MIAX’’).12 Like the SPY
Securities Exchange Act of 1934 the most significant aspects of such
(‘‘Act’’),1 and Rule 19b–4 thereunder,2 statements. ‘‘Professional’’ (as that term is defined in Chapter
I, Section 1(a)(48)). BX Chapter XV.
notice is hereby given that on March 1,
2016, NASDAQ BX, Inc. (‘‘BX’’ or A. Self-Regulatory Organization’s 7 BX Options Market Makers may also be referred

Statement of the Purpose of, and to as ‘‘Market Makers’’. The term ‘‘BX Options
‘‘Exchange’’) 3 filed with the Securities Market Maker’’ or (‘‘M’’) means a Participant that
and Exchange Commission (‘‘SEC’’ or Statutory Basis for, the Proposed Rule has registered as a Market Maker on BX Options
‘‘Commission’’) the proposed rule Change pursuant to Chapter VII, Section 2, and must also
remain in good standing pursuant to Chapter VII,
change as described in Items I, II, and 1. Purpose Section 4. In order to receive Market Maker pricing
III, below, which Items have been The Exchange proposes to amend its in all securities, the Participant must be registered
prepared by the Exchange. The as a BX Options Market Maker in at least one
Chapter XV, Section 2, to modify certain security. BX Chapter XV.
Commission is publishing this notice to fees and rebates 5 to adopt the Select 8 Note 1 to Chapter XV, Section 2, states: ‘‘1 A

6 See Securities Exchange Act Release No. 76291,
Symbol Options Tier Schedule for Non-Customer includes a Professional, Broker-
certain Penny Pilot Options. The Dealer and Non-BX Options Market Maker.’’
80 FR 67827 (Nov. 3, 2015). The Commission 9 The term ‘‘Firm’’ or (‘‘F’’) applies to any
determined that it was appropriate to designate a proposed Select Symbol Options Tier transaction that is identified by a Participant for
longer period within which to take action on the Schedule would apply to Customers,6 clearing in the Firm range at OCC. BX Chapter XV.
proposed rule change so that it had sufficient time 10 ‘‘SPY’’ or Standard and Poor’s Depositary
to consider the proposed rule change. Accordingly, 4 The Penny Pilot was established in June 2012 Receipts/SPDRs options are Penny Pilot Options
the Commission designated December 15, 2015 as
and extended in 2015. See Securities Exchange Act that are based on the SPDR exchange-traded fund
the date by which it should approve, disapprove,
Release Nos. 67256 (June 26, 2012), 77 FR 39277 (‘‘ETF’’), which is designed to track the
or institute proceedings to determine whether to
(July 2, 2012) (SR–BX–2012–030) (order approving performance of the S&P 500.
disapprove the proposed rule change.
7 15 U.S.C. 78s(b)(2)(B).
BX option rules and establishing Penny Pilot); and 11 The following are Select Symbols: ASHR, DIA,
75326 (June 29, 2015), 80 FR 38481 (July 6, 2015) DXJ, EEM, EFA, EWJ, EWT, EWW, EWY, EWZ,
8 See Securities Exchange Act Release No. 76630,
(SR–BX–2015–037) (notice of filing and immediate FAS, FAZ, FXE, FXI, FXP, GDX, GLD, HYG, IWM,
mstockstill on DSK4VPTVN1PROD with NOTICES

80 FR 78791 (Dec. 17, 2015). effectiveness extending the Penny Pilot through IYR, KRE, OIH, QID, QLD, QQQ, RSX, SDS, SKF,
9 17 CFR 200.30–3(a)(57).
June 30, 2016). SLV, SPY, SRS, SSO, TBT, TLT, TNA, TZA, UNG,
1 15 U.S.C. 78s(b)(1). 5 Fees and rebates are per executed contract. BX URE, USO, UUP, UVXY, UYG, VXX, XHB, XLB,
2 17 CFR 240.19b–4. Chapter XV, Section 2(1). XLE, XLF, XLI, XLK, XLP, XLU, XLV, XLY, XME,
3 The Exchange notes that it has legally changed 6 The term ‘‘Customer’’ or (‘‘C’’) applies to any XOP, XRT.
its name to NASDAQ BX, Inc. with the state of transaction that is identified by a Participant for 12 See MIAX fee schedule at http://

Delaware and filed Form 1 reflecting the change, clearing in the Customer range at The Options www.miaxoptions.com/sites/default/files/fee-
and is in the process of changing its rules to reflect Clearing Corporation (‘‘OCC’’) which is not for the schedules/MIAX_Options_Fee_Schedule_
the new name. account of broker or dealer or for the account of a 10012015.pdf.

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Document Created: 2016-03-15 23:43:43
Document Modified: 2016-03-15 23:43:43

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		81 FR 14154