81_FR_3236 81 FR 3224 - Sunshine Act Meeting

81 FR 3224 - Sunshine Act Meeting

SECURITIES AND EXCHANGE COMMISSION

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

Page Range3224-3225
FR Document2016-01129

Federal Register, Volume 81 Issue 12 (Wednesday, January 20, 2016) 
[Federal Register Volume 81, Number 12 (Wednesday, January 20, 2016)]
[Notices]
[Pages 3224-3225]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-01129]


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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, Public Law 94-409, that the Securities 
and Exchange Commission Investor Advisory Committee will hold a meeting 
on Thursday, January 21, 2016, in Multi-Purpose Room LL-006 at the 
Commission's headquarters, 100 F Street NE., Washington, DC. The 
meeting will begin at 10:00 a.m. (ET) and will be open to the public. 
Seating will be on a first-come, first-served basis. Doors will open at 
9:00 a.m. Visitors will be subject to security checks. The meeting will 
be webcast on the Commission's Web site at www.sec.gov.
    On December 23, 2015, the Commission issued notice of the Committee 
meeting (Release No. 33-10000), indicating that the meeting is open to 
the public (except during that portion of the meeting reserved for an 
administrative work session during lunch), and inviting the public to 
submit written comments to the

[[Page 3225]]

Committee. This Sunshine Act notice is being issued because a quorum of 
the Commission may attend the meeting.
    The agenda for the meeting includes: remarks from Commissioners; a 
discussion of fixed income market structure and pre-trade price 
transparency; a discussion of a draft letter from the Investor as Owner 
subcommittee regarding Financial Accounting Standards Board proposed 
amendments to the Statement of Financial Accounting Concepts and Notes 
to Financial Statements concerning disclosure materiality; an update on 
crowdfunding rules; a discussion of NASDAQ listing standards--
shareholder approval rules; subcommittee reports; and a nonpublic 
administrative work session during lunch.
    For further information, please contact the Office of the Secretary 
at (202) 551-5400.

    Dated: January 14, 2016.
Brent J. Fields,
Secretary.
[FR Doc. 2016-01129 Filed 1-15-16; 4:15 pm]
BILLING CODE 8011-01-P

3224 Federal Register / Vol. 81, No. 12 / Wednesday, January 20, 2016 / Notices percentage of total industry customer unfairly discriminatory in light of their Commission, and all written equity and ETF option ADV contract per obligations.26 communications relating to the day in a month from 1.40% to 1.30% to proposed rule change between the C. Self-Regulatory Organization’s qualify for the additional Tier 8 rebate Commission and any person, other than Statement on Comments on the does not impose an undue burden on those that may be withheld from the intra-market competition because, Proposed Rule Change Received From public in accordance with the today, all Participants may qualify for Members, Participants, or Others provisions of 5 U.S.C. 552, will be the Tier 8 Customer and Professional No written comments were either available for Web site viewing and Penny Pilot Options Rebates to Add solicited or received. printing in the Commission’s Public Liquidity and qualify to earn the note III. Date of Effectiveness of the Reference Room, 100 F Street NE., ‘‘c’’ additional rebates. The Exchange Washington, DC 20549 on official Proposed Rule Change and Timing for will uniformly pay the Tier 8 and business days between the hours of Commission Action additional note ‘‘c’’ rebates to all 10:00 a.m. and 3:00 p.m. Copies of the Participants that transact the qualifying The foregoing rule change has become filing also will be available for volume, respectively. effective pursuant to Section inspection and copying at the principal Customer liquidity is critically 19(b)(3)(A)(ii) of the Act.27 office of the Exchange. All comments important to the market and benefits all At any time within 60 days of the received will be posted without change; market participants. Greater customer filing of the proposed rule change, the the Commission does not edit personal liquidity benefits all market participants Commission summarily may identifying information from by providing more trading opportunities temporarily suspend such rule change if submissions. You should submit only and attracting greater participation by it appears to the Commission that such information that you wish to make specialists and market makers. An action is: (i) Necessary or appropriate in available publicly. All submissions increase in the activity of these market the public interest; (ii) for the protection should refer to File Number SR– participants in turn facilitates tighter of investors; or (iii) otherwise in NASDAQ–2015–166, and should be spreads. All Participants are eligible for furtherance of the purposes of the Act. submitted on or before February 10, these rebates if they transact the If the Commission takes such action, the 2016. requisite volume. All Participants are Commission shall institute proceedings For the Commission, by the Division of eligible for the note ‘‘c’’ incentives if to determine whether the proposed rule Trading and Markets, pursuant to delegated they transact the requisite volume. Also, should be approved or disapproved. authority.28 the Exchange believes that encouraging Robert W. Errett, IV. Solicitation of Comments Participants to add Professional Deputy Secretary. liquidity creates competition among Interested persons are invited to [FR Doc. 2016–00897 Filed 1–19–16; 8:45 am] options exchanges, because the submit written data, views, and arguments concerning the foregoing, BILLING CODE 8011–01–P Exchange believes that the rebates may cause market participants to select NOM including whether the proposed rule as a venue to send Professional order change is consistent with the Act. SECURITIES AND EXCHANGE flow. Comments may be submitted by any of COMMISSION The Exchange’s proposal to bold the the following methods: numbers and letters in note ‘‘c’’ do not Sunshine Act Meeting Electronic Comments impose an undue burden on intra- market competition because the • Use the Commission’s Internet Notice is hereby given, pursuant to amendment is non-substantive. comment form (http://www.sec.gov/ the provisions of the Government in the rules/sro.shtml); or Sunshine Act, Public Law 94–409, that NOM Market Maker Penny Pilot • Send an email to rule-comments@ the Securities and Exchange Options Rebate To Add Liquidity Tiers sec.gov. Please include File Number SR– Commission Investor Advisory The Exchange’s proposal to amend NASDAQ–2015–166 on the subject line. Committee will hold a meeting on Tier 6 of the NOM Market Maker Penny Thursday, January 21, 2016, in Multi- Pilot Options Rebate to Add Liquidity to Paper Comments Purpose Room LL–006 at the eliminate one of the criteria to qualify • Send paper comments in triplicate Commission’s headquarters, 100 F for the $0.42 per contract Tier 6 rebate to Secretary, Securities and Exchange Street NE., Washington, DC. The does not impose an undue burden on Commission, 100 F Street NE., meeting will begin at 10:00 a.m. (ET) intra-market competition because the Washington, DC 20549–1090. and will be open to the public. Seating elimination of the qualifying language All submissions should refer to File will be on a first-come, first-served in Tier 6 of the NOM Market Maker Number SR–NASDAQ–2015–166. This basis. Doors will open at 9:00 a.m. Penny Pilot Options Rebate to Add file number should be included on the Visitors will be subject to security Liquidity will uniformly apply to all subject line if email is used. To help the checks. The meeting will be webcast on Participants. No Participant will be Commission process and review your the Commission’s Web site at entitled to the Tier 6 NOM Market comments more efficiently, please use www.sec.gov. Maker Penny Pilot Options Rebate to only one method. The Commission will On December 23, 2015, the Add Liquidity by adding Customer, post all comments on the Commission’s Commission issued notice of the Professional, Firm, Non-NOM Market Internet Web site (http://www.sec.gov/ Committee meeting (Release No. 33– Maker, and/or Broker-Dealer liquidity in rules/sro.shtml). Copies of the 10000), indicating that the meeting is tkelley on DSK4VPTVN1PROD with NOTICES Penny Pilot Options and/or Non-Penny submission, all subsequent open to the public (except during that Pilot Options of 1.40% or more of total amendments, all written statements portion of the meeting reserved for an industry customer equity and ETF with respect to the proposed rule administrative work session during option ADV contracts per day in a change that are filed with the lunch), and inviting the public to month. The Exchange believes that submit written comments to the offering rebates to these market 26 See note 17 above. participants is equitable and not 27 15 U.S.C. 78s(b)(3)(A)(ii). 28 17 CFR 200.30–3(a)(12). VerDate Sep<11>2014 18:12 Jan 19, 2016 Jkt 238001 PO 00000 Frm 00131 Fmt 4703 Sfmt 4703 E:\FR\FM\20JAN1.SGM 20JAN1

Federal Register / Vol. 81, No. 12 / Wednesday, January 20, 2016 / Notices 3225 Committee. This Sunshine Act notice is I. Self-Regulatory Organization’s product per month. No new reporting being issued because a quorum of the Statement of the Terms of the Substance would be required.6 Commission may attend the meeting. of the Proposed Rule Change 2. Statutory Basis The agenda for the meeting includes: The Exchange proposes to amend the The Exchange believes that the remarks from Commissioners; a fees for NYSE Amex Options Product,4 proposed rule change is consistent with discussion of fixed income market as set forth on the NYSE Amex Options the provisions of section 6 of the Act,7 structure and pre-trade price Proprietary Market Data Fee Schedule in general, and sections 6(b)(4) and transparency; a discussion of a draft (‘‘Fee Schedule’’). The Exchange 6(b)(5) of the Act,8 in particular, in that letter from the Investor as Owner proposes to establish a multiple data it provides an equitable allocation of subcommittee regarding Financial feed fee effective January 1, 2016. The reasonable fees among users and Accounting Standards Board proposed text of the proposed rule change is recipients of the data and is not amendments to the Statement of available on the Exchange’s Web site at designed to permit unfair Financial Accounting Concepts and www.nyse.com, at the principal office of discrimination among customers, Notes to Financial Statements the Exchange, and at the Commission’s issuers, and brokers. concerning disclosure materiality; an Public Reference Room. The fees are also equitable and not update on crowdfunding rules; a unfairly discriminatory because they II. Self-Regulatory Organization’s will apply to all data recipients that discussion of NASDAQ listing Statement of the Purpose of, and standards—shareholder approval rules; choose to subscribe to NYSE Amex Statutory Basis for, the Proposed Rule Options Product. subcommittee reports; and a nonpublic Change The Exchange believes that it is administrative work session during In its filing with the Commission, the reasonable to require data recipients to lunch. pay a modest additional fee taking a self-regulatory organization included For further information, please data feed for a market data product in statements concerning the purpose of, contact the Office of the Secretary at more than two locations, because such and basis for, the proposed rule change (202) 551–5400. and discussed any comments it received data recipients can derive substantial Dated: January 14, 2016. on the proposed rule change. The text value from being able to consume the of those statements may be examined at product in as many locations as they Brent J. Fields, the places specified in Item IV below. want. In addition, there are Secretary. administrative burdens associated with [FR Doc. 2016–01129 Filed 1–15–16; 4:15 pm] The Exchange has prepared summaries, set forth in sections A, B, and C below, tracking each location at which a data BILLING CODE 8011–01–P of the most significant parts of such recipient receives the product. The statements. Multiple Data Feed Fee is designed to encourage data recipients to better SECURITIES AND EXCHANGE A. Self-Regulatory Organization’s manage their requests for additional COMMISSION Statement of the Purpose of, and data feeds and to monitor their usage of Statutory Basis for, the Proposed Rule data feeds. The proposed fee is designed [Release No. 34–76889; File No. SR– Change to apply to data feeds received in more NYSEMKT–2015–113] 1. Purpose than two locations so that each data recipient can have one primary and one Self-Regulatory Organizations; NYSE The Exchange proposes to amend the backup data location before having to MKT LLC; Notice of Filing and fees for NYSE Amex Options Product,5 pay a multiple data feed fee. The Immediate Effectiveness of Proposed as set forth on the NYSE Amex Options Exchange notes that this pricing is Rule Change To Amend Market Data Proprietary Market Data Fee Schedule consistent with similar pricing adopted Fees for the NYSE Amex Options (‘‘Fee Schedule’’). The Exchange in 2013 by the Consolidated Tape Product proposes to establish a multiple data Association (‘‘CTA’’).9 The Exchange feed fee effective January 1, 2016. also notes that the OPRA Plan imposes January 13, 2016. Specifically, the Exchange proposes to a similar charge of $100 per connection Pursuant to section 19(b)(1) 1 of the establish a new monthly fee, the for circuit connections in addition to the Securities Exchange Act of 1934 (the ‘‘Multiple Data Feed Fee,’’ that would primary and backup connections.10 apply to data recipients that take a data The Exchange notes that NYSE Amex ‘‘Act’’) 2 and Rule 19b–4 thereunder,3 feed for NYSE Amex Options Product in Options Product is entirely optional. notice is hereby given that, on December 31, 2015, NYSE MKT LLC (the more than two locations. Data recipients 6 Data vendors currently report a unique Vendor taking NYSE Amex Options Product in ‘‘Exchange’’ or ‘‘NYSE MKT’’) filed with Account Number for each location at which they more than two locations would be the Securities and Exchange provide a data feed to a data recipient. The charged $200 per additional location per Exchange considers each Vendor Account Number Commission (the ‘‘Commission’’) the a location. For example, if a data recipient has five proposed rule change as described in 4 See Securities Exchange Act Release Nos. 76022 Vendor Account Numbers, representing five Items I, II, and III below, which Items (Sept. 29, 2015), 80 FR 60201 (Oct. 5, 2015) (SR– locations, for the receipt of the NYSE Amex Options have been prepared by the self- NYSEMKT–2015–68) (Notice). The single fee for the Product, that data recipient will pay the Multiple NYSE Amex Options Product set forth on the Fee Data Feed fee with respect to three of the five regulatory organization. The locations, or $600. Schedule is comprised of three data feeds: Amex Commission is publishing this notice to Options Top, Amex Options Deep, and Amex 7 15 U.S.C. 78f(b). tkelley on DSK4VPTVN1PROD with NOTICES solicit comments on the proposed rule Options Complex. 8 15 U.S.C. 78f(b)(4), (5). change from interested persons. 5 See Securities Exchange Act Release Nos. 76022 9 See Securities Exchange Act Release No. 70010 (Sept. 29, 2015), 80 FR 60201 (Oct. 5, 2015) (SR– (July 19, 2013), 78 FR 44984 (July 25, 2013) (SR– NYSEMKT–2015–68) (Notice). The single fee for the CTA/CQ–2013–04). 1 15 NYSE Amex Options Product set forth on the Fee 10 See ‘‘Direct Access Fee,’’ Options Price U.S.C. 78s(b)(1). Schedule is comprised of three data feeds: Amex Reporting Authority Fee Schedule Fee Schedule 2 15 U.S.C. 78a. Options Top, Amex Options Deep, and Amex PRA Plan at http://www.opradata.com/pdf/fee_ 3 17 CFR 240.19b–4. Options Complex. schedule.pdf VerDate Sep<11>2014 18:12 Jan 19, 2016 Jkt 238001 PO 00000 Frm 00132 Fmt 4703 Sfmt 4703 E:\FR\FM\20JAN1.SGM 20JAN1


Document Created: 2016-01-19 23:43:54
Document Modified: 2016-01-19 23:43:54
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
FR Citation81 FR 3224 
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