81 FR 26277 - Self-Regulatory Organizations; ISE Mercury, LLC; Notice of Filing of Proposed Rule Change Relating to Preferenced Volume
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 81, Issue 84 (May 2, 2016)
Federal Register Volume 81, Issue 84 (May 2, 2016)
| Page Range | 26277-26279 | |
| FR Document | 2016-10155 |
[Federal Register Volume 81, Number 84 (Monday, May 2, 2016)] [Notices] [Pages 26277-26279] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2016-10155] ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION [Release No. 34-77716; File No. SR-ISEMercury-2016-09] Self-Regulatory Organizations; ISE Mercury, LLC; Notice of Filing of Proposed Rule Change Relating to Preferenced Volume April 26, 2016. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (the ``Act''),\1\ and Rule 19b-4 thereunder,\2\ notice is hereby given that on April 13, 2016, ISE Mercury, LLC (the ``Exchange'' or ``ISE Mercury'') 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 self-regulatory organization. The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons. --------------------------------------------------------------------------- \1\ 15 U.S.C. 78s(b)(1). \2\ 17 CFR 240.19b-4. --------------------------------------------------------------------------- I. Self-Regulatory Organization's Statement of the Terms of the Substance of the Proposed Rule Change The purpose of this proposed rule change is to amend the Exchange's Schedule of Fees to explain that while 100% of eligible traded volume preferenced to a Market Maker counts towards that member's volume tiers, Market Makers not preferenced on an order will receive credit for the volume those non-preferenced members execute. The text of the proposed rule change is available on the Exchange's Web site (http://www.ise.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 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 On March 10, 2016, ISE Mercury introduced fee and rebate tiers for Market Maker \3\ and Priority Customer \4\ orders based on the average daily volume (``ADV'') that a member executes in Priority Customer orders.\5\ The Exchange assesses fees and rebates for Market Maker and Priority Customer orders based on five tiers of Total Affiliated Priority Customer ADV, as described in Table 4 of the Fee Schedule: \6\ 0--19,999 contracts (``Tier 1''), 20,000--39,999 contracts (``Tier 2''), 40,000--59,999 contracts (``Tier 3''), 60,000--79,999 contracts (``Tier 4''), and 80,000 or more contracts (``Tier 5'').\7\ As [[Page 26278]] is the case on ISE Mercury's affiliated exchanges--the International Securities Exchange, LLC (``ISE'') and ISE Gemini, LLC (``ISE Gemini'')--the Exchange's ADV calculation includes volume executed by affiliated members. In particular, the Exchange aggregates all eligible volume from affiliated members in determining applicable tiers, provided that there is at least 75% common ownership between the members as reflected on the member's Form BD, Schedule A. While this method of aggregating volume is beneficial to large firms with multiple affiliated members, the Exchange believed that it was also important to give smaller firms the ability to compete for more favorable fees and rebates. --------------------------------------------------------------------------- \3\ The term Market Makers refers to ``Competitive Market Makers'' and ``Primary Market Makers'' collectively. \4\ A ``Priority Customer'' is a person or entity that is not a broker/dealer in securities, and does not place more than 390 orders in listed options per day on average during a calendar month for its own beneficial account(s), as defined in ISE Mercury Rule 100(a)(37A). \5\ See Securities Exchange Act Release No. 77409 (March 21, 2016), 81 FR 16240 (March 25, 2016) (SR-ISE Mercury-2016-05). \6\ The Total Affiliated Priority Customer ADV category includes all Priority Customer volume executed on the Exchange in all symbols and order types, including volume executed in the PIM, Facilitation, and QCC mechanisms. \7\ The highest tier threshold attained applies retroactively in a given month to all eligible traded contracts and applies to all eligible market participants. Any day that the market is not open for the entire trading day or the Exchange instructs members in writing to route their orders to other markets may be excluded from the ADV calculation; provided that the Exchange will only remove the day for members that would have a lower ADV with the day included. --------------------------------------------------------------------------- On March 10, 2016, the Exchange adopted ADV tiers that are based on preferenced volume \8\--i.e., volume directed to a specific Market Maker as provided in Supplementary Material .03 to Rule 713.\9\ In particular, the Exchange gives Market Makers volume credit for 100% of eligible traded volume preferenced to that member,\10\ regardless of the actual allocation that the Market Maker receives. For example, assume Market Maker ABC is quoting at the national best bid or offer (``NBBO'') and receives a Preferenced Order for 10 contracts from an unaffiliated firm for the account of a Priority Customer. If there are other Market Makers quoting at the NBBO, Market Maker ABC may receive an allocation of 4 contracts--i.e., 40% of the order. Rather than counting only the 4 contracts executed towards the Market Maker's volume total, the Exchange gives that Market Maker credit for the full 10 contracts preferenced to it. This is the same credit the member would receive if the 10 contracts were sent to the exchange by an affiliated member. The purpose of the current rule filing is to clarify that even though Market Maker ABC receives full credit for all 10 contracts when executing 4 contracts, the non-preferenced Market Makers that execute the remaining 6 contracts will still receive credit for those 6 contracts as they normally would. --------------------------------------------------------------------------- \8\ See Securities Exchange Act Release No. 77412 (March 21, 2016), 81 FR 16238 (March 25, 2016) (SR-ISE Mercury-2016-06). \9\ An Electronic Access Member (``EAM'') may designate a ``Preferred Market Maker'' on orders it enters into the System (``Preferenced Orders''). Supplementary Material .03 to Rule 713 describes the Exchange's rules concerning Preferenced Orders. \10\ ``Eligible volume'' refers to volume that would otherwise count towards to applicable volume tier. In the case of ADV thresholds based on Total Affiliated Priority Customer ADV, as currently implemented on ISE Mercury, all Priority Customer volume would be ``eligible.'' See note 6 supra. --------------------------------------------------------------------------- 2. Statutory Basis The Exchange believes that the proposed rule change 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.\11\ In particular, the proposal is consistent with Section 6(b)(5) of the Act,\12\ because it is designed to promote just and equitable principles of trade, remove impediments to and perfect the mechanisms of a free and open market and a national market system and, in general, to protect investors and the public interest. The Exchange believes that the proposed clarification is reasonable and equitable because it will eliminate member confusion regarding how volume is counted among Market Makers when contracts are preferenced to a Market Maker and executed by preferenced and non-preferenced Market Makers. --------------------------------------------------------------------------- \11\ 15 U.S.C. 78f(b). \12\ 15 U.S.C. 78f(b)(5). --------------------------------------------------------------------------- B. Self-Regulatory Organization's Statement on Burden on Competition In accordance with Section 6(b)(8) of the Act,\13\ the Exchange does not believe that the proposed rule change will impose any burden on intermarket or intramarket competition that is not necessary or appropriate in furtherance of the purposes of the Act. To the contrary, the Exchange believes that the proposed rule change merely clarifies an existing rule already in effect. --------------------------------------------------------------------------- \13\ 15 U.S.C. 78f(b)(8). --------------------------------------------------------------------------- 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 \14\ and Rule 19b-4(f)(6) thereunder.\15\ --------------------------------------------------------------------------- \14\ 15 U.S.C. 78s(b)(3)(A). \15\ 17 CFR 240.19b-4(f)(6). As required under Rule 19b- 4(f)(6)(iii), the Exchange provided the Commission with written notice of its intent to file the proposed rule change, along with a brief description and the 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. --------------------------------------------------------------------------- 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. 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-ISEMercury-2016-09 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-ISEMercury-2016-09. 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 [[Page 26279]] 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-ISEMercury-2016-09, and should be submitted on or before May 23, 2016.\16\ --------------------------------------------------------------------------- \16\ 17 CFR 200.30-3(a)(12). For the Commission, by the Division of Trading and Markets, pursuant to delegated authority. Robert W. Errett, Deputy Secretary. [FR Doc. 2016-10155 Filed 4-29-16; 8:45 am] BILLING CODE 8011-01-P
![Federal Register / Vol. 81, No. 84 / Monday, May 2, 2016 / Notices 26277
whether a rule filing must be filed by printing in the Commission’s Public execute. The text of the proposed rule
the Exchange pursuant to Section Reference Room, 100 F Street NE., change is available on the Exchange’s
19(b)(1) of the Act. Accordingly, the Washington, DC 20549, on official Web site (http://www.ise.com), at the
Commission designates the proposed business days between the hours of principal office of the Exchange, and at
rule change to be operative upon 10:00 a.m. and 3:00 p.m. Copies of such the Commission’s Public Reference
filing.16 filing also will be available for Room.
At any time within 60 days of the inspection and copying at the principal
filing of the proposed rule change, the II. Self-Regulatory Organization’s
office of the Exchange. All comments
Commission summarily may Statement of the Purpose of, and
received will be posted without change;
temporarily suspend such rule change if Statutory Basis for, the Proposed Rule
the Commission does not edit personal
it appears to the Commission that such identifying information from Change
action is necessary or appropriate in the submissions. You should submit only In its filing with the Commission, the
public interest, for the protection of information that you wish to make self-regulatory organization included
investors, or otherwise in furtherance of available publicly. All submissions statements concerning the purpose of,
the purposes of the Act. If the should refer to File Number SR– and basis for, the proposed rule change
Commission takes such action, the NASDAQ–2016–059 and should be and discussed any comments it received
Commission shall institute proceedings submitted on or May 23, 2016. on the proposed rule change. The text
to determine whether the proposed rule For the Commission, by the Division of of these statements may be examined at
should be approved or disapproved. Trading and Markets, pursuant to delegated the places specified in Item IV below.
authority.17 The self-regulatory organization has
IV. Solicitation of Comments
Robert W. Errett, prepared summaries, set forth in
Interested persons are invited to sections A, B and C below, of the most
Deputy Secretary.
submit written data, views, and significant aspects of such statements.
[FR Doc. 2016–10147 Filed 4–29–16; 8:45 am]
arguments concerning the foregoing,
including whether the proposed rule BILLING CODE 8011–01–P A. Self-Regulatory Organization’s
change is consistent with the Act. Statement of the Purpose of, and
Comments may be submitted by any of Statutory Basis for, the Proposed Rule
SECURITIES AND EXCHANGE Change
the following methods:
COMMISSION
Electronic Comments 1. Purpose
[Release No. 34–77716; File No. SR–
• Use the Commission’s Internet ISEMercury-2016–09] On March 10, 2016, ISE Mercury
comment form (http://www.sec.gov/ introduced fee and rebate tiers for
rules/sro.shtml); or Self-Regulatory Organizations; ISE Market Maker 3 and Priority Customer 4
• Send an email to rule-comments@ Mercury, LLC; Notice of Filing of orders based on the average daily
sec.gov. Please include File Number SR– Proposed Rule Change Relating to volume (‘‘ADV’’) that a member
NASDAQ–2016–059 on the subject line. Preferenced Volume executes in Priority Customer orders.5
The Exchange assesses fees and rebates
Paper Comments April 26, 2016. for Market Maker and Priority Customer
• Send paper comments in triplicate Pursuant to Section 19(b)(1) of the orders based on five tiers of Total
to Secretary, Securities and Exchange Securities Exchange Act of 1934 (the Affiliated Priority Customer ADV, as
Commission, 100 F Street NE., ‘‘Act’’),1 and Rule 19b–4 thereunder,2 described in Table 4 of the Fee
Washington, DC 20549–1090. notice is hereby given that on April 13, Schedule: 6 0—19,999 contracts (‘‘Tier
All submissions should refer to File 2016, ISE Mercury, LLC (the 1’’), 20,000—39,999 contracts (‘‘Tier 2’’),
Number SR–NASDAQ–2016–059. This ‘‘Exchange’’ or ‘‘ISE Mercury’’) filed 40,000—59,999 contracts (‘‘Tier 3’’),
file number should be included on the with the Securities and Exchange 60,000—79,999 contracts (‘‘Tier 4’’), and
subject line if email is used. To help the Commission (‘‘Commission’’) the 80,000 or more contracts (‘‘Tier 5’’).7 As
Commission process and review your proposed rule change as described in
comments more efficiently, please use Items I and II below, which Items have 3 The term Market Makers refers to ‘‘Competitive
only one method. The Commission will been prepared by the self-regulatory Market Makers’’ and ‘‘Primary Market Makers’’
post all comments on the Commission’s organization. The Commission is collectively.
4 A ‘‘Priority Customer’’ is a person or entity that
Internet Web site (http://www.sec.gov/ publishing this notice to solicit
is not a broker/dealer in securities, and does not
rules/sro.shtml). Copies of the comments on the proposed rule change place more than 390 orders in listed options per day
submission, all subsequent from interested persons. on average during a calendar month for its own
beneficial account(s), as defined in ISE Mercury
amendments, all written statements I. Self-Regulatory Organization’s Rule 100(a)(37A).
with respect to the proposed rule Statement of the Terms of the Substance 5 See Securities Exchange Act Release No. 77409
change that are filed with the of the Proposed Rule Change (March 21, 2016), 81 FR 16240 (March 25, 2016)
Commission, and all written The purpose of this proposed rule
(SR–ISE Mercury–2016–05).
6 The Total Affiliated Priority Customer ADV
communications relating to the change is to amend the Exchange’s category includes all Priority Customer volume
proposed rule change between the Schedule of Fees to explain that while executed on the Exchange in all symbols and order
Commission and any person, other than 100% of eligible traded volume types, including volume executed in the PIM,
those that may be withheld from the preferenced to a Market Maker counts Facilitation, and QCC mechanisms.
public in accordance with the 7 The highest tier threshold attained applies
srobinson on DSK5SPTVN1PROD with NOTICES
towards that member’s volume tiers, retroactively in a given month to all eligible traded
provisions of 5 U.S.C. 552, will be Market Makers not preferenced on an contracts and applies to all eligible market
available for Web site viewing and order will receive credit for the volume participants. Any day that the market is not open
those non-preferenced members for the entire trading day or the Exchange instructs
16 For purposes only of waiving the 30-day members in writing to route their orders to other
operative delay, the Commission has also markets may be excluded from the ADV calculation;
17 17 CFR 200.30–3(a)(12).
considered the proposed rule’s impact on provided that the Exchange will only remove the
1 15 U.S.C. 78s(b)(1).
efficiency, competition, and capital formation. See day for members that would have a lower ADV with
15 U.S.C. 78c(f). 2 17 CFR 240.19b–4. the day included.
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![Federal Register / Vol. 81, No. 84 / Monday, May 2, 2016 / Notices 26279
those that may be withheld from the agreement entered into by and among the Act.2 The Company’s investment
public in accordance with the the Company, the Advisor, and the Objectives and Strategies 3 are to pay
provisions of 5 U.S.C. 552, will be Dealer Manager. attractive and stable cash distributions
available for Web site viewing and FILING DATE:The application was filed and to preserve, protect and return
printing in the Commission’s Public on April 25, 2016. capital contributions to the holders
Reference Room, 100 F Street NE., (‘‘Common Shareholders’’) of the
Washington, DC 20549 on official HEARING OR NOTIFICATION OF HEARING: An Company’s common stock (‘‘Common
business days between the hours of order granting the application will be Shares’’). On March 2, 2015, the
10:00 a.m. and 3:00 p.m. Copies of such issued unless the Commission orders a Company filed a public registration
filing also will be available for hearing. Interested persons may request statement on Form N–2 (the
inspection and copying at the principal a hearing by writing to the ‘‘Registration Statement’’) with the
office of the Exchange. All comments Commission’s Secretary and serving Commission to offer its Common Shares
received will be posted without change; applicants with a copy of the request, in a continuous public offering (the
the Commission does not edit personal personally or by mail. Hearing requests ‘‘Offering’’). The Registration Statement
identifying information from should be received by the Commission was declared effective on April 20,
submissions. You should submit only by 5:30 p.m. on May 17, 2016, and 2015. Since commencing the Offering
information that you wish to make should be accompanied by proof of and through April 14, 2016, the
available publicly. All submissions service on the applicants, in the form of Company has sold 2,444,185.856
should refer to File Number SR– an affidavit or, for lawyers, a certificate Common Shares, including Common
ISEMercury–2016–09, and should be of service. Pursuant to rule 0–5 under Shares purchased by the Sponsor in
submitted on or before May 23, 2016.16 the Act, hearing requests should state both an initial private placement and
the nature of the writer’s interest, any from the Offering. The Company
For the Commission, by the Division of
facts bearing upon the desirability of a currently has a five-member board of
Trading and Markets, pursuant to delegated
authority. hearing on the matter, the reason for the directors (the ‘‘Board’’) of whom three
Robert W. Errett,
request, and the issues contested. are not ‘‘interested persons’’ of the
Persons who wish to be notified of a Company within the meaning of section
Deputy Secretary.
hearing may request notification by 2(a)(19) of the Act (the ‘‘Non-interested
[FR Doc. 2016–10155 Filed 4–29–16; 8:45 am]
writing to the Commission’s Secretary. Directors’’).
BILLING CODE 8011–01–P 3. The Advisor is a Delaware limited
ADDRESSES: Secretary, U.S. Securities
and Exchange Commission, 100 F Street liability company that is registered as an
NE., Washington, DC 20549–1090. investment adviser under the
SECURITIES AND EXCHANGE Investment Advisers Act of 1940. The
COMMISSION Applicants, Bruce D. Batkin, Terra
Income Fund 6, Inc., c/o Terra Capital Advisor serves as the investment
[Investment Company Act Release No. Partners, LLC, 805 Third Avenue, 8th adviser to the Company.
32097; 812–14645] 4. The Dealer Manager is a Delaware
Floor, New York, New York 10022.
limited liability company that serves as
Terra Capital Partners, LLC, et al.; FOR FURTHER INFORMATION CONTACT: the dealer manager of the Company
Notice of Application Kieran G. Brown, Senior Counsel, at pursuant to a dealer manager agreement
(202) 551–6773, or James M. Curtis, dated April 20, 2015 by and among the
April 26, 2016.
Branch Chief, at (202) 551–6712 (Chief Company, the Advisor and the Dealer
AGENCY: Securities and Exchange Counsel’s Office, Division of Investment
Commission (‘‘Commission’’). Manager (the ‘‘Dealer Manager
Management). Agreement’’). The Dealer Manager is
ACTION: Notice of an application for an
SUPPLEMENTARY INFORMATION: The duly registered as a broker-dealer
order under sections 57(a)(4) and 57(i)
following is a summary of the pursuant to the provisions of the 1934
of the Investment Company Act of 1940
application. The complete application Act, a member in good standing with
(the ‘‘Act’’) and rule 17d–1 under the
may be obtained via the Commission’s the Financial Industry Regulatory
Act permitting certain joint transactions
Web site by searching for the file Authority, Inc. (‘‘FINRA’’), and a broker
otherwise prohibited by section 57(a)(4)
number, or for an applicant using the dealer duly registered as such in those
of the Act and rule 17d–1 under the Act.
Company name box, at http:// states where the Dealer Manager is
SUMMARY OF THE APPLICATION: Terra www.sec.gov/search/search.htm, or by required to be registered in order to
Capital Partners, LLC (the ‘‘Sponsor’’), calling (202) 551–8090. carry out the Offering.
Terra Income Fund 6, Inc. (the 5. Currently, the Common Shares are
Applicants’ Representations sold at a public offering price of $12.50
‘‘Company’’), Terra Income Advisors,
LLC (the ‘‘Advisor’’), on behalf of itself 1. The Sponsor is a Delaware limited
2 The Company was incorporated in Maryland in
and its successors,1 and Terra Capital liability company and served as the 2013 and commenced operations on June 24, 2015,
Markets, LLC (the ‘‘Dealer Manager’’ organizer and sponsor of the Company. upon raising gross proceeds in excess of $2.0
and collectively with the Sponsor, the The Sponsor is also the parent company million in its initial public offering. Section 2(a)(48)
Company, and the Advisor, the of the Advisor and the Dealer Manager. defines a BDC to be any closed-end investment
company that operates for the purpose of making
‘‘Applicants’’), on behalf of itself and its Since its formation in February 2001, investments in securities described in sections
successors, request an order to permit the Sponsor has organized or acted as 55(a)(1) through 55(a)(3) of the Act and makes
the Applicants to complete certain investment manager for multiple private available significant managerial assistance with
srobinson on DSK5SPTVN1PROD with NOTICES
transactions in connection with an real estate investment funds (‘‘REITs’’). respect to the issuers of such securities.
3 The ‘‘Objectives and Strategies’’ means the
amendment to the dealer-manager 2. The Company, a Maryland investment objectives and strategies, as described in
corporation, is an externally managed, the Registration Statement, other filings the
16 17CFR 200.30–3(a)(12). non-diversified, closed-end Company has made with the Commission under the
1 The term ‘‘successor,’’ as applied to each entity, Securities Act of 1933, as amended or under the
management investment company that
means an entity that results from a reorganization Securities Exchange Act of 1934, as amended (the
into another jurisdiction or change in the type of
has elected to be regulated as a business ‘‘1934 Act’’), and the Company’s reports to
business organization. development company (‘‘BDC’’) under Common Shareholders.
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Document Created: 2016-04-30 13:34:40
Document Modified: 2016-04-30 13:34:40
| 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 26277 |
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