81 FR 15600 - Self-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Include U.S. Non-Display Policies in the Nasdaq Rule Book

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 81, Issue 56 (March 23, 2016)

Page Range		15600-15602
FR Document		2016-06454
Federal Register, Volume 81 Issue 56 (Wednesday, March 23, 2016)
[Federal Register Volume 81, Number 56 (Wednesday, March 23, 2016)]
[Notices]
[Pages 15600-15602]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-06454]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-77392; File No. SR-NASDAQ-2016-036]


Self-Regulatory Organizations; The NASDAQ Stock Market LLC; 
Notice of Filing and Immediate Effectiveness of Proposed Rule Change To 
Include U.S. Non-Display Policies in the Nasdaq Rule Book

March 17, 2016.
    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 March 4, 2016, The Nasdaq Stock Market LLC (``Nasdaq'' or 
``Exchange'') filed with the Securities and Exchange Commission 
(``SEC'' or ``Commission'') the proposed rule change as described in 
Items I, II, and III below, which Items have been prepared by the 
Exchange. The Commission is publishing this notice to

[[Page 15601]]

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 proposes to include U.S. non-display policies in the 
Nasdaq rule book under Nasdaq Rule 7023.
    The text of the proposed rule change is available on the Exchange's 
Web site at http://nasdaq.cchwallstreet.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 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 Nasdaq Rule 7023 (NASDAQ Depth-of-
Book Data) by adding IM-7023-1. Nasdaq Rule 7023(a)(2)(B) defines 
``Non-Display Usage'' as any method of accessing depth-of-book \3\ 
``data that involves access or use by a machine or automated device 
without access or use of a display by a natural person or persons.'' 
IM-7023-1 will incorporate guidance regarding U.S. non-display policies 
into the Nasdaq rule book to provide additional detail with regard to 
specific data usages and thereby ensure greater transparency. The 
inclusion of these policies into the Nasdaq rule book will lessen 
ambiguity in this area without necessitating any changes by market 
participants. The Exchange has been working with both the industry and 
customers to ensure that they understand these policies.
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    \3\ See Nasdaq Rule 7023(a)(1), which states that ``Depth-of-
Book'' refers to data feeds containing price quotations at more than 
one price level. These Nasdaq data feeds include Nasdaq Level 2, 
Nasdaq OpenView, and Nasdaq TotalView.
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    Specifically, IM-7023-1 will, in large part, include guidance 
regarding: (i) Devices (or servers) used in the transportation, 
dissemination or aggregation of data and ways to count such devices; 
(ii) examples and details of what constitutes fee-liable Non-Display 
Usage; (iii) examples and details of what Non-Display Usage does not 
include; and (iv) examples of how to report Non-Display Usage.
    IM-7023-1 will apply most specifically to distributors \4\ who 
access Nasdaq U.S information and use it in a non-display manner. IM-
7023-1 will also provide guidance in the form of examples of use cases 
and details on how the Nasdaq U.S. non-display policies should be 
applied and reported.
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    \4\ See Nasdaq Rule 7023(a)(4).
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    The Exchange believes that it will be beneficial to both 
distributors specifically and to market participants more generally to 
incorporate these policies into the Nasdaq rule book through the 
addition of IM-7023-1, as well as adding IM-7026-1, IM-7037-1, IM-7039-
1, IM-7047-1, and IM-7057-1 (collectively, the ``IMs'') that will be 
added following each of their respective rules and each refers back to 
IM-7023-1.
    The result will be to provide distributors additional clarity 
through increased transparency into U.S. non-display policies, 
including reporting requirements pertaining to non-display usage. The 
presentation of this guidance in a more transparent manner will, in 
turn, provide distributors with greater precision in making fee-liable 
Non-Display Usage determinations.
    These policies are a result of the Exchange working with the 
industry, as well as soliciting feedback from customers. Technology 
changes that create any new use cases will result in a separate Nasdaq 
filing. These U.S. non-display policies already are publicly available 
and can be found at https://www.nasdaqtrader.com/Trader.aspx?id=GDP_Ops, but their inclusion into the Exchange's rule 
book provides an additional way for market participants to easily find 
and review such policies.
2. Statutory Basis
    The Exchange believes that its proposal is consistent with Section 
6(b) of the Act \5\ in general, and furthers the objectives of Sections 
6(b)(4) and 6(b)(5) of the Act \6\ in particular, in that it provides 
for the equitable allocation of reasonable dues, fees, and other 
charges among members and issuers and other persons using any facility 
or system which the Exchange operates or controls, and is not designed 
to permit unfair discrimination between customers, issuers, brokers, or 
dealers, and is consistent with the Section 6(b)(5) \7\ requirements 
that the rules of an exchange be designed to promote just and equitable 
principles of trade, to prevent fraudulent and manipulative acts and 
practices, to foster cooperation and coordination with persons engaged 
in facilitating transactions in securities, to remove impediments to 
and to perfect the mechanism for a free and open market and a national 
market system, and, in general, to protect investors and the public 
interest.
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    \5\ 15 U.S.C. 78f(b).
    \6\ 15 U.S.C. 78f(b)(4) and (5).
    \7\ 15 U.S.C. 78f(b)(5).
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    The Commission and the courts have repeatedly expressed their 
preference for competition over regulatory intervention in determining 
prices, products, and services in the securities markets. In Regulation 
NMS, while adopting a series of steps to improve the current market 
model, the Commission highlighted the importance of market forces in 
determining prices and SRO revenues and, also, recognized that current 
regulation of the market system ``has been remarkably successful in 
promoting market competition in its broader forms that are most 
important to investors and listed companies.'' \8\ Likewise, in 
NetCoalition v. Securities and Exchange Commission \9\ 
(``NetCoalition'') the DC Circuit upheld the Commission's use of a 
market-based approach in evaluating the fairness of market data fees 
against a challenge claiming that Congress mandated a cost-based 
approach.\10\ As the court emphasized, the Commission ``intended in 
Regulation NMS that `market forces, rather than regulatory 
requirements' play a role in determining the market data . . . to be 
made available to investors and at what cost.'' \11\
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    \8\ Securities Exchange Act Release No. 51808 at 37499 (June 9, 
2005) (``Regulation NMS Adopting Release'').
    \9\ NetCoalition v. SEC, 615 F.3d 525 (D.C. Cir. 2010).
    \10\ See NetCoalition, at 534.
    \11\ Id. at 537.
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    Further, ``[n]o one disputes that competition for order flow is 
`fierce.' . . . As the SEC explained, `[i]n the U.S. national market 
system, buyers and sellers of securities, and the broker-dealers that 
act as their order-routing agents, have a wide range of choices of 
where to route orders for execution'; [and] `no exchange can afford to 
take its market share percentages for granted' because `no exchange 
possesses a monopoly, regulatory or otherwise, in the execution of 
order flow from broker

[[Page 15602]]

dealers'. . . .'' \12\ Although the court and the SEC were discussing 
the cash equities markets, the Exchange believes that these views apply 
with equal force to the options markets.
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    \12\ Id. at 539 (quoting ArcaBook Order, 73 FR at 74782-74783).
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    The proposed rule change to add IM-7023-1 and the other IMs to the 
rule book will, in large part, include guidance regarding: (i) Devices 
(or servers) used in the transportation, dissemination or aggregation 
of data and ways to count such devices; (ii) examples and details of 
what constitutes fee-liable Non-Display Usage; (iii) examples and 
details of what Non-Display Usage does not include; and (iv) examples 
of how to report Non-Display Usage.
    The Exchange believes that the proposed rule change is reasonable 
because it does not change any of the current practices or any dues, 
fees and other charges among members and issuers and other persons 
using any facility or system which the Exchange operates or controls. 
Rather, it adds transparency for market participants and provides for 
the equitable treatment for distributors through making all such U.S. 
non-display policies easily available and accessible to all 
distributors on an equal basis.
    In sum, the Exchange believes that the proposed rule change will 
provide transparency, clarity, and eliminate potential confusion that 
may exist for distributors and market participants regarding Non-
Display Usage and, thereby, will promote just and equitable principles 
of trade.

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

    The Exchange does not believe that the proposed rule change will 
impose a burden on competition that is not necessary or appropriate in 
furtherance of the purposes of the Act. The Exchange believes that the 
proposed rule change will provide market participants guidance and 
greater clarity in making fee-liable Non-Display Usage determinations 
and, as a result, will serve to enhance competition.

C. Self-Regulatory Organization's Statement on Comments on the Proposed 
Rule Change Received From Members, Participants, or Others

    No written comments were either solicited or received.

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

    The foregoing change has become effective pursuant to Section 
19(b)(3)(A)(ii) of the Act.\13\ 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.
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    \13\ 15 U.S.C. 78s(b)(3)(A)(ii).
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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-NASDAQ-2016-036 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-NASDAQ-2016-036. 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 the 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-NASDAQ-2016-036, and should 
be submitted on or before April 13, 2016.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\14\
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    \14\ 17 CFR 200.30-3(a)(12).
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Robert W. Errett,
Deputy Secretary.
[FR Doc. 2016-06454 Filed 3-22-16; 8:45 am]
BILLING CODE 8011-01-P
15600 Federal Register / Vol. 81, No. 56 / Wednesday, March 23, 2016 / Notices

to Commission regulation of security- SDR when any information becomes potential SDR registrants to thoroughly
based swap data repositories (‘‘SDR’’), inaccurate. The SDR Rules also provide develop and prepare a complete
the DFA Effective Date Order provided a process for the Commission to cancel application for registration. Notices of
exemptions from Exchange Act Sections or revoke the registration of an SDR. completed Forms SDR will be published
13(n)(5)(D)(i), 13(n)(5)(F), 13(n)(5)(G), In addition to the requirements set to afford interested persons an
13(n)(5)(H), 13(n)(7)(A), 13(n)(7)(B), and forth in the SDR Rules, there are a opportunity to submit written
13(n)(7)(C), each of which will expire on number of regulatory requirements comments concerning such
the earlier of (1) the date the applicable to SDRs once registered application.10 Given the SDR Rules
Commission grants registration to an under Regulation SBSR, which was Compliance Date, the temporary
SDR and (2) the earliest compliance date adopted by the Commission at the same exemption should also provide staff
set forth in any of the final rules time as the SDR Rules.7 Regulation sufficient time to analyze adequately
regarding the registration of SDRs.2 The SBSR provides for the reporting of any application materials that may be
DFA Effective Date Order also provided security-based swap information to submitted.
an exemption from Exchange Act registered SDRs, and the public
dissemination of security-based swap II. Conclusion
Section 29(b) with respect to provisions
of the Exchange Act amended or added transaction, volume, and pricing Accordingly, the Commission hereby
by subtitle B of the Dodd-Frank Act for information by registered SDRs. Rule grants, pursuant to Section 36 of the
which compliance is triggered by 907 of Regulation SBSR requires a Exchange Act, a temporary exemption
registration or by adoption of final rules registered SDR to establish and maintain from compliance with the SDR Rules
by the Commission, or for which the written policies and procedures for until June 30, 2016, and an extension of
Commission has provided an exception carrying out its duties under Regulation the SDR Relief such that it will expire
or exemptive relief, until such date as SBSR.8 on the earlier of (1) the date the
the Commission specifies.3 Absent other Commission grants registration to an
II. Discussion
Commission action, these exemptions SDR and (2) June 30, 2016.
relevant to SDRs (‘‘SDR Relief’’) will The Commission is using its authority By the Commission.
expire as of March 18, 2016, as further under Section 36 of the Exchange Act to
Brent J. Fields,
explained below. grant a temporary exemption from
compliance with the SDR Rules until Secretary.
In February 2015, the Commission
June 30, 2016 and to extend the SDR [FR Doc. 2016–06546 Filed 3–22–16; 8:45 am]
adopted Rules 13n–11 to 13n–112 under
the Exchange Act to govern SDRs (the Relief so that it will expire on the earlier BILLING CODE 8011–01–P

‘‘SDR Rules’’). The SDR Rules became of (1) the date the Commission grants
effective on May 18, 2015.4 The SDR registration to an SDR and (2) June 30,
2016. The temporary exemption is SECURITIES AND EXCHANGE
Rules Release states that SDRs must be COMMISSION
in compliance with the SDR Rules by designed to help facilitate the potential
March 18, 2016, which is 365 days after submission of any SDR applications.
publication of the SDR Rules in the Subject to certain exceptions, Section [Release No. 34–77392; File No. SR–
36 of the Exchange Act 9 authorizes the NASDAQ–2016–036]
Federal Register (the ‘‘SDR Rules
Compliance Date’’).5 The SDR Rules Commission, by rule, regulation, or
order, to exempt, either conditionally or Self-Regulatory Organizations; The
Release also notes that (1) absent an NASDAQ Stock Market LLC; Notice of
exemption, any SDR must be registered unconditionally, any person, security,
or transaction, or any class or classes of Filing and Immediate Effectiveness of
with the Commission and in compliance Proposed Rule Change To Include U.S.
with the federal securities laws and the persons, securities, or transactions, from
any provision or provisions of the Non-Display Policies in the Nasdaq
rules and regulations thereunder Rule Book
(including the applicable Dodd-Frank Exchange Act or any rule or regulation
Act provisions and all of the SDR Rules) thereunder, to the extent that such March 17, 2016.
by the SDR Rules Compliance Date, and exemption is necessary or appropriate Pursuant to Section 19(b)(1) of the
(2) all exemptions that the Commission in the public interest, and is consistent Securities Exchange Act of 1934
provided in the DFA Effective Date with the protection of investors. The (‘‘Act’’),1 and Rule 19b–4 thereunder,2
Order will expire on the compliance Commission finds that it is necessary notice is hereby given that on March 4,
date, including the exemptions set forth and appropriate in the public interest, 2016, The Nasdaq Stock Market LLC
in the DFA Effective Date Order.6 The and consistent with the protection of (‘‘Nasdaq’’ or ‘‘Exchange’’) filed with the
SDR Rules govern the SDR registration investors to grant a temporary Securities and Exchange Commission
process, duties, and core principles. The exemption from compliance with the (‘‘SEC’’ or ‘‘Commission’’) the proposed
12 core SDR Rules establish a SDR Rules until June 30, 2016. The SDR rule change as described in Items I, II,
framework for SDRs to register with the Rules implement mandates under Title and III below, which Items have been
Commission by filing a new Form SDR, VII of the Dodd-Frank Act and govern prepared by the Exchange. The
and require an SDR to update its Form the SDR registration process, duties and Commission is publishing this notice to
core principles.
Exchange Act Applicable to Security-Based Swaps, The Commission notes that the SDR 10 In the SDR Rules Release, the Commission
Exchange Act Release No. 64678 (June 15, 2011), 76 Rules Compliance Date is less than one stated that if a person files an amendment to its
FR 36287 (June 22, 2011) (the ‘‘DFA Effective Date month away. The Commission believes application for registration after the Commission
jstallworth on DSK7TPTVN1PROD with NOTICES

Order’’).
2 See DFA Effective Date Order, 76 FR at 36306.
that granting the temporary exemption has already published notice of the filing of its
along with an extension of the SDR Form SDR and the Commission finds that the
3 See DFA Effective Date Order, 76 FR at 36305–
amendment renders the prior filing materially
36306. Relief will give additional time to incomplete, then the 90-day period pursuant to
4 See Exchange Act Release No. 74246 (Feb. 11, Rule 13n–11(c) will reset from the time that the
2015), 80 FR 14438 (Mar. 19, 2015) (‘‘SDR Rules 7 See Exchange Act Release No. 74244 (Feb. 11, Commission deems the amended application to be
Release’’). 2015), 80 FR 14563 (Mar. 19, 2015). complete for the Commission’s review.
5 See SDR Rules Release, 80 FR at 14456. 8 See 17 CFR 242.907. 1 15 U.S.C. 78s(b)(1).
6 See id. 9 15 U.S.C. 78mm. 2 17 CFR 240.19b–4.

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15602 Federal Register / Vol. 81, No. 56 / Wednesday, March 23, 2016 / Notices

dealers’. . . .’’ 12 Although the court III. Date of Effectiveness of the inspection and copying at the principal
and the SEC were discussing the cash Proposed Rule Change and Timing for office of the Exchange. All comments
equities markets, the Exchange believes Commission Action received will be posted without change;
that these views apply with equal force The foregoing change has become the Commission does not edit personal
to the options markets. effective pursuant to Section identifying information from
19(b)(3)(A)(ii) of the Act.13 At any time submissions. You should submit only
The proposed rule change to add IM–
within 60 days of the filing of the information that you wish to make
7023–1 and the other IMs to the rule
proposed rule change, the Commission available publicly. All submissions
book will, in large part, include should refer to File Number SR–
guidance regarding: (i) Devices (or summarily may temporarily suspend
such rule change if it appears to the NASDAQ–2016–036, and should be
servers) used in the transportation, submitted on or before April 13, 2016.
dissemination or aggregation of data and Commission that such action is
necessary or appropriate in the public For the Commission, by the Division of
ways to count such devices; (ii)
interest, for the protection of investors, Trading and Markets, pursuant to delegated
examples and details of what constitutes authority.14
fee-liable Non-Display Usage; (iii) or otherwise in furtherance of the
purposes of the Act. Robert W. Errett,
examples and details of what Non-
Deputy Secretary.
Display Usage does not include; and (iv) IV. Solicitation of Comments
[FR Doc. 2016–06454 Filed 3–22–16; 8:45 am]
examples of how to report Non-Display Interested persons are invited to BILLING CODE 8011–01–P
Usage. submit written data, views, and
The Exchange believes that the arguments concerning the foregoing,
proposed rule change is reasonable including whether the proposed rule SMALL BUSINESS ADMINISTRATION
because it does not change any of the change is consistent with the Act.
current practices or any dues, fees and Comments may be submitted by any of [Disaster Declaration #14673 and #14674]
other charges among members and the following methods:
Delaware Disaster #DE–00005
issuers and other persons using any Electronic Comments
facility or system which the Exchange AGENCY: U.S. Small Business
operates or controls. Rather, it adds • Use the Commission’s Internet Administration.
transparency for market participants comment form (http://www.sec.gov/ ACTION: Notice.
rules/sro.shtml); or
and provides for the equitable treatment
• Send an email to rule-comments@ SUMMARY: This is a Notice of the
for distributors through making all such
sec.gov. Please include File Number SR– Presidential declaration of a major
U.S. non-display policies easily disaster for Public Assistance Only for
NASDAQ–2016–036 on the subject line.
available and accessible to all the State of Delaware (FEMA–4265–DR),
distributors on an equal basis. Paper Comments dated 03/16/2016.
In sum, the Exchange believes that the • Send paper comments in triplicate Incident: Severe Winter Storm and
proposed rule change will provide to Brent J. Fields, Secretary, Securities Flooding.
transparency, clarity, and eliminate and Exchange Commission, 100 F Street Incident Period: 01/22/2016 through
potential confusion that may exist for NE., Washington, DC 20549–1090. 01/23/2016.
distributors and market participants All submissions should refer to File Effective Date: 03/16/2016.
Number SR–NASDAQ–2016–036. This Physical Loan Application Deadline
regarding Non-Display Usage and,
file number should be included on the Date: 05/16/2016.
thereby, will promote just and equitable Economic Injury (EIDL) Loan
principles of trade. subject line if email is used. To help the
Application Deadline Date: 12/16/2016.
Commission process and review your
B. Self-Regulatory Organization’s comments more efficiently, please use ADDRESSES: Submit completed loan
Statement on Burden on Competition only one method. The Commission will applications to: U.S. Small Business
post all comments on the Commission’s Administration, Processing and
The Exchange does not believe that Disbursement Center, 14925 Kingsport
Internet Web site (http://www.sec.gov/
the proposed rule change will impose a Road, Fort Worth, TX 76155.
rules/sro.shtml). Copies of the
burden on competition that is not FOR FURTHER INFORMATION CONTACT: A.
submission, all subsequent
necessary or appropriate in furtherance amendments, all written statements Escobar, Office of Disaster Assistance,
of the purposes of the Act. The with respect to the proposed rule U.S. Small Business Administration,
Exchange believes that the proposed change that are filed with the 409 3rd Street SW., Suite 6050,
rule change will provide market Commission, and all written Washington, DC 20416.
participants guidance and greater clarity communications relating to the SUPPLEMENTARY INFORMATION: Notice is
in making fee-liable Non-Display Usage proposed rule change between the hereby given that as a result of the
determinations and, as a result, will Commission and any person, other than President’s major disaster declaration on
serve to enhance competition. those that may be withheld from the 03/16/2016, Private Non-Profit
public in accordance with the organizations that provide essential
C. Self-Regulatory Organization’s services of governmental nature may file
provisions of 5 U.S.C. 552, will be
Statement on Comments on the disaster loan applications at the address
available for Web site viewing and
Proposed Rule Change Received From listed above or other locally announced
jstallworth on DSK7TPTVN1PROD with NOTICES

printing in the Commission’s Public
Members, Participants, or Others Reference Room, 100 F Street NE., locations.
Washington, DC 20549 on official The following areas have been
No written comments were either
business days between the hours of determined to be adversely affected by
solicited or received.
10:00 a.m. and 3:00 p.m. Copies of the the disaster:
filing also will be available for Primary Counties: Sussex.
12 Id. at 539 (quoting ArcaBook Order, 73 FR at

74782–74783). 13 15 U.S.C. 78s(b)(3)(A)(ii). 14 17 CFR 200.30–3(a)(12).

VerDate Sep<11>2014 18:25 Mar 22, 2016 Jkt 238001 PO 00000 Frm 00105 Fmt 4703 Sfmt 4703 E:\FR\FM\23MRN1.SGM 23MRN1
Document Created: 2016-03-23 00:03:23
Document Modified: 2016-03-23 00:03:23
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 15600