81 FR 3205 - Sunshine Act Meeting

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 81, Issue 12 (January 20, 2016)

Page Range		3205-3206
FR Document		2016-01130

Federal Register, Volume 81 Issue 12 (Wednesday, January 20, 2016)

[Federal Register Volume 81, Number 12 (Wednesday, January 20, 2016)]
[Notices]
[Pages 3205-3206]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-01130]


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SECURITIES AND EXCHANGE COMMISSION


Sunshine Act Meeting

    Notice is hereby given, pursuant to the provisions of the 
Government in the Sunshine Act, Pub. L. 94-409, that the Securities and 
Exchange Commission will hold a Closed Meeting on Thursday, January 21, 
2016 at 2:00 p.m.
    Commissioners, Counsel to the Commissioners, the Secretary to the 
Commission, and recording secretaries will attend the Closed Meeting. 
Certain staff members who have an interest in the matters also may be 
present.
    The General Counsel of the Commission, or her designee, has 
certified that, in her opinion, one or more of the exemptions set forth 
in 5 U.S.C. 552b(c)(3), (5), (7), 9(B) and (10) and 17 CFR 
200.402(a)(3), (5), (7), 9(ii) and (10), permit consideration of the 
scheduled matter at the Closed Meeting.
    Commissioner Piwowar, as duty officer, voted to consider the items 
listed for the Closed Meeting in closed session.
    The subject matter of the Closed Meeting will be:

Institution and settlement of injunctive actions;
Institution and settlement of administrative proceedings;
Consideration of amicus participation;
Post-argument discussion; and
Other matters relating to enforcement proceedings.
    At times, changes in Commission priorities require alterations in 
the scheduling of meeting items.
    For further information and to ascertain what, if any, matters have 
been added, deleted or postponed, please

[[Page 3206]]

contact the Office of the Secretary at (202) 551-5400.

     Dated: January 14, 2016.
Brent J. Fields,
Secretary.
[FR Doc. 2016-01130 Filed 1-15-16; 4:15 pm]
BILLING CODE 8011-01-P

Federal Register / Vol. 81, No. 12 / Wednesday, January 20, 2016 / Notices 3205

The Exchange believes decreasing the Act 12 and Rule 19b–4(f)(6) 13 filing also will be available for
appointment cost for SPXPM options thereunder. inspection and copying at the principal
promotes competition and efficiency by At any time within 60 days of the office of the Exchange. All comments
incentivizing more Market-Makers to filing of the proposed rule change, the received will be posted without change;
obtain an appointment in SPXPM due to Commission summarily may the Commission does not edit personal
the lower appointment cost, which may temporarily suspend such rule change if identifying information from
increase liquidity in the class, as well as it appears to the Commission that such submissions. You should submit only
quote electronically in other Hybrid action is necessary or appropriate in the information that you wish to make
option classes using the excess capacity public interest, for the protection of available publicly. All submissions
resulting from the decreased investors, or otherwise in furtherance of should refer to File Number SR–CBOE–
appointment cost in SPXPM options. the purposes of the Act. If the 2015–121 and should be submitted on
The Exchange believes this may result Commission takes such action, the or before February 10, 2016.
in more liquidity and competitive Commission will institute proceedings For the Commission, by the Division of
pricing, which ultimately benefits to determine whether the proposed rule Trading and Markets, pursuant to delegated
investors. The proposed rule change change should be approved or authority.14
does not result in unfair discrimination, disapproved. Robert W. Errett,
as the revised appointment costs for IV. Solicitation of Comments Deputy Secretary.
RUT and SPXPM options will apply to [FR Doc. 2016–00905 Filed 1–19–16; 8:45 am]
all Market-Makers. Interested persons are invited to
submit written data, views, and BILLING CODE 8011–01–P
B. Self-Regulatory Organization’s arguments concerning the foregoing,
Statement on Burden on Competition including whether the proposed rule
change is consistent with the Act. SECURITIES AND EXCHANGE
CBOE does not believe that the
Comments may be submitted by any of COMMISSION
proposed rule change will impose any
burden on competition that is not the following methods: Sunshine Act Meeting
necessary or appropriate in furtherance Electronic Comments
of the purposes of the Act. CBOE does Notice is hereby given, pursuant to
not believe that the proposed rule • Use the Commission’s Internet the provisions of the Government in the
change will impose any burden on comment form (http://www.sec.gov/ Sunshine Act, Pub. L. 94–409, that the
intramarket competition that is not rules/sro.shtml); or Securities and Exchange Commission
necessary or appropriate in furtherance • Send an email to rule-comments@ will hold a Closed Meeting on
of the purposes of the Act because it sec.gov. Please include File Number SR– Thursday, January 21, 2016 at 2:00 p.m.
will apply to all Market-Makers (and CBOE–2015–121 on the subject line. Commissioners, Counsel to the
only Market-Makers can have Paper Comments Commissioners, the Secretary to the
appointments to quote electronically). Commission, and recording secretaries
• Send paper comments in triplicate
CBOE does not believe that the will attend the Closed Meeting. Certain
to Secretary, Securities and Exchange
proposed rule change will impose any staff members who have an interest in
Commission, 100 F Street NE.,
burden on intermarket competition that the matters also may be present.
Washington, DC 20549–1090.
is not necessary or appropriate in The General Counsel of the
All submissions should refer to File Commission, or her designee, has
furtherance of the purposes of the Act
Number SR–CBOE–2015–121. This file certified that, in her opinion, one or
because the proposed rule change only
number should be included on the more of the exemptions set forth in 5
applies to CBOE’s Market-Maker
subject line if email is used. To help the U.S.C. 552b(c)(3), (5), (7), 9(B) and (10)
appointment process. The Exchange
Commission process and review your and 17 CFR 200.402(a)(3), (5), (7), 9(ii)
believes the proposed rule change will
comments more efficiently, please use and (10), permit consideration of the
promote competition, as discussed
only one method. The Commission will scheduled matter at the Closed Meeting.
above.
post all comments on the Commission’s
Commissioner Piwowar, as duty
C. Self-Regulatory Organization’s Internet Web site (http://www.sec.gov/
officer, voted to consider the items
Statement on Comments on the rules/sro.shtml). Copies of the
listed for the Closed Meeting in closed
Proposed Rule Change Received From submission, all subsequent
session.
Members, Participants, or Others amendments, all written statements
The subject matter of the Closed
The Exchange neither solicited nor with respect to the proposed rule
Meeting will be:
received comments on the proposed change that are filed with the
Commission, and all written Institution and settlement of injunctive
rule change. actions;
communications relating to the
III. Date of Effectiveness of the proposed rule change between the Institution and settlement of
Proposed Rule Change and Timing for Commission and any person, other than administrative proceedings;
Commission Action those that may be withheld from the Consideration of amicus participation;
Because the foregoing proposed rule public in accordance with the Post-argument discussion; and
change does not: provisions of 5 U.S.C. 552, will be Other matters relating to enforcement
A. Significantly affect the protection available for Web site viewing and proceedings.
of investors or the public interest; printing in the Commission’s Public At times, changes in Commission
tkelley on DSK4VPTVN1PROD with NOTICES

B. impose any significant burden on Reference Room, 100 F Street NE., priorities require alterations in the
competition; and Washington, DC 20549 on official scheduling of meeting items.
C. become operative for 30 days from business days between the hours of For further information and to
the date on which it was filed, or such 10:00 a.m. and 3:00 p.m. Copies of the ascertain what, if any, matters have been
shorter time as the Commission may added, deleted or postponed, please
designate, it has become effective 12 15 U.S.C. 78s(b)(3)(A).
pursuant to section 19(b)(3)(A) of the 13 17 CFR 240.19b–4(f)(6). 14 17 CFR 200.30–3(a)(12).

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3206 Federal Register / Vol. 81, No. 12 / Wednesday, January 20, 2016 / Notices

contact the Office of the Secretary at proposed rule change. The text of these Traders and retire the Series 56
(202) 551–5400. statements may be examined at the examination for Proprietary Traders,
Dated: January 14, 2016. places specified in Item IV below. The and to establish S101 as the appropriate
Brent J. Fields, Exchange has prepared summaries, set continuing education program for
forth in sections A, B, and C below, of Securities Traders and retire the S501
Secretary.
the most significant aspects of such continuing education program for
[FR Doc. 2016–01130 Filed 1–15–16; 4:15 pm]
statements. Proprietary Traders, from and after
BILLING CODE 8011–01–P
January 4, 2016. The Exchange also
A. Self-Regulatory Organization’s
amended its rules to provide for Web-
Statement of the Purpose of, and
based delivery of the continuing
SECURITIES AND EXCHANGE Statutory Basis for, the Proposed Rule
education Regulatory Element for
COMMISSION Change
registered persons from and after
[Release No. 34–76892; File No. SR–MIAX– 1. Purpose January 4, 2016.5
2016–01]
The purpose of the proposed rule In accordance with MIAX’s amended
change is to amend the Fee Schedule to rules relating to the new Securities
Self-Regulatory Organizations; Miami Trader registration category, individual
International Securities Exchange LLC; delete the Continuing Education Fees
and the Qualification Examination Fee Members and associated persons of
Notice of Filing and Immediate Members 6 engaged in proprietary
Effectiveness of a Proposed Rule which relate to the Series 56 registration
category under the Regulatory Fees trading, the execution of transactions on
Change To Amend Its Fee Schedule an agency basis, or the direct
section of the Fee Schedule. The
January 13, 2016. Financial Industry Regulatory Authority supervision of such activities, with
Pursuant to the provisions of Section (‘‘FINRA’’) is retiring the Proprietary respect to transactions in equity,
19(b)(1) of the Securities Exchange Act Traders Qualification Examination preferred or convertible debt securities,
of 1934 (‘‘Act’’) 1 and Rule 19b–4 (Series 56) and the S501 Proprietary or foreign currency options on the
thereunder,2 notice is hereby given that Traders Continuing Education Program Exchange, will be required to register
on January 12, 2016, Miami and replacing them with the Securities with the Exchange as Securities Traders
International Securities Exchange LLC Trader Qualification Examination and be qualified by passing the new
(‘‘MIAX’’ or ‘‘Exchange’’) filed with the (Series 57) and the S101 Continuing Securities Trader qualification
Securities and Exchange Commission Education Program, including via Web- examination (Series 57) being
(‘‘Commission’’) a proposed rule change based delivery.3 implemented by FINRA, unless
as described in Items I, II, and III below, Specifically, the Exchange proposes to grandfathered as provided for in the
which Items have been prepared by the delete the (i) $60.00 Continuing Rules. In addition, the Series 57
Exchange. The Commission is Education Fee for Series 56 and (ii) examination replaces the Series 56
publishing this notice to solicit $195.00 Series 56 Examination Fee. The examination for those exchange
comments on the proposed rule change Exchange also proposes to delete the registration categories, such as the
from interested persons. phrase ‘‘except the Series 56’’ with Proprietary Trader Principal registration
respect to the $100.00 Continuing category, where the Series 56
I. Self-Regulatory Organization’s examination is currently an acceptable
Education Fee for All Registrations
Statement of the Terms of Substance of prerequisite.7
except the Series 56. The Exchange
the Proposed Rule Change The Exchange has further amended its
further proposes to add a (i) $55.00
The Exchange is filing a proposal to Continuing Education Fee for All Rules, in consultation with FINRA and
amend the MIAX Options Fee Schedule Registrations if Web-based and (ii) the other exchanges, to provide for Web-
(‘‘Fee Schedule’’) to eliminate certain $120.00 Series 57 Examination Fee. based delivery of the CE Regulatory
Web CRD Fees which relate to Series 56 MIAX is proposing such Fee Schedule Element for registered persons. The
and will no longer apply from and after amendments in consultation with personalized S101 CE Program will be
January 4, 2016 and to include certain FINRA and the other exchanges, and the required CE Program for all
Web CRD Fees which relate to Series 57 anticipates that the other exchanges will registered persons including Securities
and Web-based delivery of continuing make corresponding changes to their Traders.8
education that will apply from and after respective fee schedules.4 Proposal
January 4, 2016.
The text of the proposed rule change Background The Exchange proposes to amend its
is available on the Exchange’s Web site MIAX has amended its rules to Fee Schedule to delete the (i) $60.00
at http://www.miaxoptions.com/filter/ establish the Securities Trader and Continuing Education Fee for Series 56,
wotitle/rule_filing, at MIAX’s principal Securities Trader Principal registration (ii) $195.00 Series 56 Examination Fee,
office, and at the Commission’s Public categories, to establish the Series 57 and (iii) the phrase ‘‘except the Series
Reference Room. examination as the appropriate 56’’ with respect to the $100.00
qualification examination for Securities Continuing Education Fee for All
II. Self-Regulatory Organization’s
Statement of the Purpose of, and 3 See Securities Exchange Act Release Nos. 75783 5 See Securities Exchange Act Release No. 76691

Statutory Basis for, the Proposed Rule (August 28, 2015), 80 FR 53369 (September 3, 2015) (December 18, 2015), 80 FR 80425 (December 24,
Change (approving SR–FINRA–2015–017) and 75581 (July 2015) (SR–MIAX–2015–71).
6 Other than any person associated with a
31, 2015), 80 FR 47018 (August 6, 2015) (approving
In its filing with the Commission, the SR–FINRA–2015–015) collectively referred to Member whose trading activities are conducted
tkelley on DSK4VPTVN1PROD with NOTICES

Exchange included statements herein as the ‘‘FINRA Amendments’’. According to principally on behalf of an investment company
concerning the purpose of and basis for the approval orders, FINRA’s expected effective that is registered with the Commission pursuant to
date for the FINRA Amendments is January 4, 2016. the Investment Company Act of 1940 and that
the proposed rule change and discussed controls, is controlled by or is under common
4 See Securities Exchange Act Release Nos. 76391
any comments it received on the (November 9, 2015), 80 FR 70862 (November 16, control, with the Member. See id.
7 See supra note 5. These amended rules will
2015) (SR–FINRA–2015–044) and 75581 (July 31,
1 15 U.S.C. 78s(b)(1). become effective as of January 4, 2016.
2015), 80 FR 47018 (August 6, 2015) (SR–FINRA–
2 17 CFR 240.19b–4. 2015–015). 8 Id.

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Document Created: 2016-01-19 23:43:48
Document Modified: 2016-01-19 23:43:48

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 3205