81 FR 39296 - Self-Regulatory Organizations; Bats BZX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Rule 11.24, Opening Process for Non-BZX-Listed Securities
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 81, Issue 116 (June 16, 2016)
Federal Register Volume 81, Issue 116 (June 16, 2016)
| Page Range | 39296-39298 | |
| FR Document | 2016-14205 |
[Federal Register Volume 81, Number 116 (Thursday, June 16, 2016)] [Notices] [Pages 39296-39298] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2016-14205] ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION [Release No. 34-78034; File No. SR-BatsBZX-2016-25] Self-Regulatory Organizations; Bats BZX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Rule 11.24, Opening Process for Non-BZX-Listed Securities June 10, 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 June 9, 2016, Bats BZX Exchange, Inc. (the ``Exchange'' or ``BZX'') 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 Exchange. The Exchange has designated this proposal as a ``non-controversial'' proposed rule change pursuant to Section 19(b)(3)(A) of the Act \3\ and Rule 19b- 4(f)(6)(iii) thereunder,\4\ which renders it effective upon filing with the Commission. 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. \3\ 15 U.S.C. 78s(b)(3)(A). \4\ 17 CFR 240.19b-4(f)(6)(iii). --------------------------------------------------------------------------- I. Self-Regulatory Organization's Statement of the Terms of Substance of the Proposed Rule Change The Exchange is proposing to amend Rule 11.24, Opening Process for Non-BZX-Listed Securities, to await a two-sided quotation from the listing exchange prior to re-opening a security for trading following a halt, suspension, or pause in trading. The Exchange has designated this proposal as non-controversial and provided the Commission with the notice required by [[Page 39297]] Rule 19b-4(f)(6)(iii) under the Act.\5\ The Exchange requests that the Commission waive the 30-day pre-operative waiting period contained in Rule 19b-4(f)(6)(iii) under the Act.\6\ --------------------------------------------------------------------------- \5\ 17 CFR 240.19b-4(f)(6)(iii). \6\ Id. --------------------------------------------------------------------------- The text of the proposed rule change is available at the Exchange's Web site at www.batstrading.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 parts of such statements. A. Self-Regulatory Organization's Statement of the Purpose of, and the Statutory Basis for, the Proposed Rule Change 1. Purpose The Exchange proposes to amend Rule 11.24, Opening Process for Non- BZX-Listed Securities, to await a two-sided quotation from the listing exchange prior to re-opening a security for trading following a halt, suspension, or pause in trading.\7\ --------------------------------------------------------------------------- \7\ The re-opening process for BZX-Listed Securities is set forth under Exchange Rule 11.23(d). --------------------------------------------------------------------------- Exchange Rule 11.24 describes the Exchange's current Opening and Re-Opening Process for non-BZX-Listed securities. Subparagraph (e) to Rule 11.24 states that while a non-BZX-listed security is subject to a halt, suspension, or pause in trading, the Exchange will accept orders for queuing prior to the resumption of trading in the security for participation in the Re-Opening Process. Subparagraph (a) to Rule 11.24 states that, prior to the beginning of the Regular Trading Hours, Users \8\ who wish to participate in the Opening Process may enter orders to buy or sell.\9\ Subparagraph (a)(2) to Rule 11.24 provides that, with certain exceptions,\10\ all orders with a time-in-force instruction of Regular Hours Only may participate in the Opening Process. Subparagraph (e)(1) to Rule 11.24 states that the Re-Opening Process will occur in the same manner described in Rule 11.24(a)(2) and (b) described above,\11\ also with certain exceptions.\12\ --------------------------------------------------------------------------- \8\ See Exchange Rule 1.5(cc). \9\ Orders cancelled prior to the Opening Process will not participate in the Opening Process. \10\ The following order types and instruction may not participate in the opening process: BZX Post Only Orders, Partial Post Only at Limit Orders, ISOs not modified by Rule 11.24(a)(1) above, and Minimum Quantity Orders. See Exchange Rule 11.24(a)(2). Limit orders with a Reserve Quantity may participate to the full extent of their displayed size and Reserve Quantity. Id. Discretionary Orders may participate only up to their ranked price for buy orders or down to their ranked price for sell orders. Id. The discretionary range of such orders will not be eligible for participation in the Opening Process. Id. All Pegged Orders and Mid- Point Peg Orders, as defined in Rule 11.9(c)(8) and (9), will be eligible for execution in the Opening Process based on their pegged prices. Id. \11\ Subparagraph (b) to Rule 11.24 states that the Exchange will open by performing the Opening Process in which the System will attempt to match buy and sell orders that are executable at the midpoint of the National Best Bid and Offer (``NBBO''). Furthermore, subparagraph (b) of Rule 11.24 also states that all orders executable at the midpoint of the NBBO will continue to be processed in time sequence, beginning with the order with the oldest time stamp. Matches occur until there are no remaining contra-side orders or there is an imbalance of orders. An imbalance of orders may result in orders that cannot be executed in whole or in part. Any unexecuted orders may then be placed by the System on the BZX Book, cancelled, executed, or routed to away Trading Centers in accordance with the Users' instructions pursuant to Exchange Rule 11.13(a)(2). \12\ Orders without a time-in-force instruction of Regular Hours Only are eligible to participate in the Re-Opening Process, but IOC, FOK, BZX Post Only Orders, and Minimum Quantity Orders will be cancelled or rejected, as applicable, and any ISO that is not IOC or FOK will be converted into a non-ISO and be queued for participation in the Re-Opening Process. See Exchange Rule 11.24(e)(1). --------------------------------------------------------------------------- Subparagraph (e)(1) to Exchange Rule 11.24 also sets forth the process by which the System sets the price of the Re-Opening Process. Currently, the System \13\ sets the price of the Re-Opening Process at the midpoint of the: (i) First NBBO subsequent to the first reported trade on the listing exchange following the resumption of trading after a halt, suspension, or pause; or (ii) NBBO when the first two-sided quotation is published by the listing exchange following the resumption of trading after a halt, suspension, or pause if no first trade is reported by the listing exchange within one second of publication of the first two-sided quotation by the listing exchange. --------------------------------------------------------------------------- \13\ See Exchange Rule 1.5(aa). --------------------------------------------------------------------------- The Exchange proposes to amend subparagraph (e)(1) to Rule 11.24 to now await a two-sided quotation from the listing exchange prior to opening a security for trading. As amended, subparagraph (e)(1) to Rule 11.24 would state that the System would set the price of the Re-Opening Process at the midpoint of the first NBBO subsequent to the first reported trade and first two-sided quotation on the listing exchange following the resumption of trading after a halt, suspension, or pause. The Exchange will utilize the current NBBO to calculate the security's re-opening price once a trade and two-sided quotation are received from the listing exchange, regardless of the order in which the trade or quotation are received. The Exchange believes the proposed rule change will enable the listing market's quotation to be incorporated into the NBBO, which the Exchange would, in turn, utilize in its calculation of the midpoint of the NBBO. The Exchange believes doing so would result in a re-opening price that more closely reflects the market prices and conditions for that security. Under subparagraph (e)(1) to Rule 11.24, the Exchange will continue to alternatively set the price of the Re- Opening Process at the midpoint of the NBBO when the first two-sided quotation is published by the listing exchange following the resumption of trading after a halt, suspension, or pause if no first trade is reported by the listing exchange within one second of publication of the first two-sided quotation by the listing exchange. 2. Statutory Basis The Exchange believes that its proposal is consistent with Section 6(b) of the Act \14\ in general, and furthers the objectives of Section 6(b)(5) of the Act \15\ in particular, in that it is designed to promote just and equitable principles of trade, to foster cooperation and coordination with persons engaged in facilitating transactions in securities, to remove impediments to and perfect the mechanism of a free and open market and a national market system and, in general, to protect investors and the public interest. The Exchange believes the proposed rule change will promote just and equitable principles of trade, removes impediments to, and perfect the mechanism of, a free and open market and a national market system because it enables the System to execute the Re-Opening Process at a price that is objectively established by the market for the security. The proposal would enable the listing market's quotation to be incorporated into the NBBO, which the Exchange would, in turn, utilize in its calculation of the midpoint of the NBBO. The Exchange believes doing so would result in a re- opening price that more closely reflect the market prices and conditions for that security. Therefore, the Exchange believes the [[Page 39298]] proposed rule change promotes just and equitable principles of trade because it ensures a midpoint price that the Exchange believes would accurately reflect the market for the security. --------------------------------------------------------------------------- \14\ 15 U.S.C. 78f(b). \15\ 15 U.S.C. 78f(b)(5). --------------------------------------------------------------------------- B. Self-Regulatory Organization's Statement on Burden on Competition The Exchange does not believe that the proposal will impose any burden on competition not necessary or appropriate in furtherance of the purposes of the Act. The proposed rule change will enable the Exchange to incorporate the listing market's quotation into its calculation of the midpoint of the NBBO, resulting in a re-opening price that would more closely reflect the opening market prices and conditions for that security. Therefore, the Exchange believes the proposed rule change will promote competition by enhancing the quality of the Exchange's opening process. C. Self-Regulatory Organization's Statement on Comments on the Proposed Rule Change Received From Members, Participants, or Others The Exchange has neither solicited nor received written comments on the proposed rule change. 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, it has become effective pursuant to Section 19(b)(3)(A) of the Act \16\ and Rule 19b-4(f)(6) thereunder.\17\ --------------------------------------------------------------------------- \16\ 15 U.S.C. 78s(b)(3)(A). \17\ 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. --------------------------------------------------------------------------- A proposed rule change filed pursuant to Rule 19b-4(f)(6) under the Act \18\ normally does not become operative for 30 days after the date of its filing. However, Rule 19b-4(f)(6)(iii) \19\ permits the Commission to designate a shorter time if such action is consistent with the protection of investors and the public interest. The Exchange has asked the Commission to waive the 30-day operative delay so that the proposal may become operative immediately upon filing. The Exchange states that waiver of the 30-day operative delay would allow market participants to immediately realize the benefits of what may be more accurate re-opening prices. Based on the foregoing, the Commission believes the waiver of the operative delay is consistent with the protection of investors and the public interest. Therefore, the Commission hereby waives the operative delay and designates the proposal operative upon filing.\20\ --------------------------------------------------------------------------- \18\ 17 CFR 240.19b-4(f)(6). \19\ 17 CFR 240.19b-4(f)(6)(iii). \20\ For purposes only of waiving the 30-day operative delay, the Commission has also considered the proposed rule's impact on efficiency, competition, and capital formation. See 15 U.S.C. 78c(f). --------------------------------------------------------------------------- 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 change 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 CommentsUse the Commission's Internet comment form (http://www.sec.gov/rules/sro.shtml); or Send an email to [email protected]. Please include File No. SR-BatsBZX-2016-25 on the subject line. Paper Comments Send paper comments in triplicate to Secretary, Securities and Exchange Commission, 100 F Street NE., Washington, DC 20549-1090. All submissions should refer to File No. SR-BatsBZX-2016-25. 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 No. SR-BatsBZX-2016-25, and should be submitted on or before July 7, 2016. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.\21\ --------------------------------------------------------------------------- \21\ 17 CFR 200.30-3(a)(12). --------------------------------------------------------------------------- Robert W. Errett, Deputy Secretary. [FR Doc. 2016-14205 Filed 6-15-16; 8:45 am] BILLING CODE 8011-01-P
![39296 Federal Register / Vol. 81, No. 116 / Thursday, June 16, 2016 / Notices
opening price that would more closely At any time within 60 days of the identifying information from
reflect the opening market prices and filing of the proposed rule change, the submissions. You should submit only
conditions for that security. Therefore, Commission summarily may information that you wish to make
the Exchange believes the proposed rule temporarily suspend such rule change if available publicly. All submissions
change will promote competition by it appears to the Commission that such should refer to File No. SR–BatsBYX–
enhancing the quality of the Exchange’s action is necessary or appropriate in the 2016–13, and should be submitted on or
opening process. public interest, for the protection of before July 7, 2016.
investors, or otherwise in furtherance of For the Commission, by the Division of
C. Self-Regulatory Organization’s
the purposes of the Act. If the Trading and Markets, pursuant to delegated
Statement on Comments on the
Commission takes such action, the authority.18
Proposed Rule Change Received From
Commission shall institute proceedings Robert W. Errett,
Members, Participants, or Others
to determine whether the proposed rule Deputy Secretary.
The Exchange has neither solicited change should be approved or [FR Doc. 2016–14206 Filed 6–15–16; 8:45 am]
nor received written comments on the disapproved.
BILLING CODE 8011–01–P
proposed rule change.
IV. Solicitation of Comments
III. Date of Effectiveness of the
Interested persons are invited to
Proposed Rule Change and Timing for SECURITIES AND EXCHANGE
submit written data, views, and
Commission Action COMMISSION
arguments concerning the foregoing,
Because the proposed rule change including whether the proposed rule [Release No. 34–78034; File No. SR–
does not (i) significantly affect the change is consistent with the Act. BatsBZX–2016–25]
protection of investors or the public Comments may be submitted by any of
interest; (ii) impose any significant the following methods: Self-Regulatory Organizations; Bats
burden on competition; and (iii) become BZX Exchange, Inc.; Notice of Filing
operative for 30 days from the date on Electronic Comments and Immediate Effectiveness of a
which it was filed, or such shorter time • Use the Commission’s Internet Proposed Rule Change to Rule 11.24,
as the Commission may designate, it has comment form (http://www.sec.gov/ Opening Process for Non-BZX-Listed
become effective pursuant to Section rules/sro.shtml); or Securities
19(b)(3)(A) of the Act 13 and Rule 19b– • Send an email to rule-comments@
June 10, 2016.
4(f)(6) thereunder.14 sec.gov. Please include File No. SR–
A proposed rule change filed BatsBYX–2016–13 on the subject line. Pursuant to Section 19(b)(1) of the
pursuant to Rule 19b–4(f)(6) under the Securities Exchange Act of 1934 (the
Paper Comments ‘‘Act’’),1 and Rule 19b–4 thereunder,2
Act 15 normally does not become
operative for 30 days after the date of its • Send paper comments in triplicate notice is hereby given that on June 9,
filing. However, Rule 19b–4(f)(6)(iii) 16 to Secretary, Securities and Exchange 2016, Bats BZX Exchange, Inc. (the
permits the Commission to designate a Commission, 100 F Street NE., ‘‘Exchange’’ or ‘‘BZX’’) filed with the
shorter time if such action is consistent Washington, DC 20549–1090. Securities and Exchange Commission
with the protection of investors and the All submissions should refer to File No. (‘‘Commission’’) the proposed rule
public interest. The Exchange has asked SR–BatsBYX–2016–13. This file number change as described in Items I and II
the Commission to waive the 30-day should be included on the subject line below, which Items have been prepared
operative delay so that the proposal may if email is used. To help the by the Exchange. The Exchange has
become operative immediately upon Commission process and review your designated this proposal as a ‘‘non-
filing. The Exchange states that waiver comments more efficiently, please use controversial’’ proposed rule change
of the 30-day operative delay would only one method. The Commission will pursuant to Section 19(b)(3)(A) of the
allow market participants to post all comments on the Commission’s Act 3 and Rule 19b–4(f)(6)(iii)
immediately realize the benefits of what Internet Web site (http://www.sec.gov/ thereunder,4 which renders it effective
may be more accurate re-opening prices. rules/sro.shtml). Copies of the upon filing with the Commission. The
Based on the foregoing, the Commission submission, all subsequent Commission is publishing this notice to
believes the waiver of the operative amendments, all written statements solicit comments on the proposed rule
delay is consistent with the protection with respect to the proposed rule change from interested persons.
of investors and the public interest. change that are filed with the I. Self-Regulatory Organization’s
Therefore, the Commission hereby Commission, and all written Statement of the Terms of Substance of
waives the operative delay and communications relating to the the Proposed Rule Change
designates the proposal operative upon proposed rule change between the
filing.17 The Exchange is proposing to amend
Commission and any person, other than
Rule 11.24, Opening Process for Non-
those that may be withheld from the
13 15 U.S.C. 78s(b)(3)(A). BZX-Listed Securities, to await a two-
public in accordance with the
14 17 CFR 240.19b–4(f)(6). As required under Rule sided quotation from the listing
provisions of 5 U.S.C. 552, will be
19b–4(f)(6)(iii), the Exchange provided the exchange prior to re-opening a security
Commission with written notice of its intent to file available for Web site viewing and
for trading following a halt, suspension,
the proposed rule change, along with a brief printing in the Commission’s Public
description and the text of the proposed rule or pause in trading. The Exchange has
Reference Room, 100 F Street NE.,
asabaliauskas on DSK3SPTVN1PROD with NOTICES
change, at least five business days prior to the date designated this proposal as non-
Washington, DC 20549, on official
of filing of the proposed rule change, or such controversial and provided the
shorter time as designated by the Commission. business days between the hours of
Commission with the notice required by
15 17 CFR 240.19b–4(f)(6). 10:00 a.m. and 3:00 p.m. Copies of the
16 17 CFR 240.19b–4(f)(6)(iii).
filing also will be available for 18 17 CFR 200.30–3(a)(12).
17 For purposes only of waiving the 30-day
inspection and copying at the principal 1 15 U.S.C. 78s(b)(1).
operative delay, the Commission has also
considered the proposed rule’s impact on
office of the Exchange. All comments 2 17 CFR 240.19b–4.
efficiency, competition, and capital formation. See received will be posted without change; 3 15 U.S.C. 78s(b)(3)(A).
15 U.S.C. 78c(f). the Commission does not edit personal 4 17 CFR 240.19b–4(f)(6)(iii).
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![39298 Federal Register / Vol. 81, No. 116 / Thursday, June 16, 2016 / Notices
proposed rule change promotes just and filing. The Exchange states that waiver Commission, and all written
equitable principles of trade because it of the 30-day operative delay would communications relating to the
ensures a midpoint price that the allow market participants to proposed rule change between the
Exchange believes would accurately immediately realize the benefits of what Commission and any person, other than
reflect the market for the security. may be more accurate re-opening prices. those that may be withheld from the
Based on the foregoing, the Commission public in accordance with the
B. Self-Regulatory Organization’s
believes the waiver of the operative provisions of 5 U.S.C. 552, will be
Statement on Burden on Competition
delay is consistent with the protection available for Web site viewing and
The Exchange does not believe that of investors and the public interest. printing in the Commission’s Public
the proposal will impose any burden on Therefore, the Commission hereby Reference Room, 100 F Street NE.,
competition not necessary or waives the operative delay and Washington, DC 20549, on official
appropriate in furtherance of the designates the proposal operative upon business days between the hours of
purposes of the Act. The proposed rule filing.20 10:00 a.m. and 3:00 p.m. Copies of the
change will enable the Exchange to At any time within 60 days of the filing also will be available for
incorporate the listing market’s filing of the proposed rule change, the inspection and copying at the principal
quotation into its calculation of the Commission summarily may office of the Exchange. All comments
midpoint of the NBBO, resulting in a re- temporarily suspend such rule change if received will be posted without change;
opening price that would more closely it appears to the Commission that such the Commission does not edit personal
reflect the opening market prices and action is necessary or appropriate in the identifying information from
conditions for that security. Therefore, public interest, for the protection of submissions. You should submit only
the Exchange believes the proposed rule investors, or otherwise in furtherance of information that you wish to make
change will promote competition by the purposes of the Act. If the available publicly. All submissions
enhancing the quality of the Exchange’s Commission takes such action, the should refer to File No. SR–BatsBZX–
opening process. Commission shall institute proceedings 2016–25, and should be submitted on or
C. Self-Regulatory Organization’s to determine whether the proposed rule before July 7, 2016.
Statement on Comments on the change should be approved or
disapproved. For the Commission, by the Division of
Proposed Rule Change Received From Trading and Markets, pursuant to delegated
Members, Participants, or Others IV. Solicitation of Comments authority.21
The Exchange has neither solicited Interested persons are invited to Robert W. Errett,
nor received written comments on the submit written data, views, and Deputy Secretary.
proposed rule change. arguments concerning the foregoing, [FR Doc. 2016–14205 Filed 6–15–16; 8:45 am]
III. Date of Effectiveness of the including whether the proposed rule BILLING CODE 8011–01–P
Proposed Rule Change and Timing for change is consistent with the Act.
Commission Action Comments may be submitted by any of
the following methods: SECURITIES AND EXCHANGE
Because the proposed rule change COMMISSION
does not (i) significantly affect the Electronic Comments
protection of investors or the public • Use the Commission’s Internet [File No. 500–1]
interest; (ii) impose any significant comment form (http://www.sec.gov/
burden on competition; and (iii) become rules/sro.shtml); or In the Matter of Enterprise Energy, Inc.,
operative for 30 days from the date on • Send an email to rule-comments@ Order of Suspension of Trading
which it was filed, or such shorter time sec.gov. Please include File No. SR–
as the Commission may designate, it has BatsBZX–2016–25 on the subject line. June 14, 2016.
become effective pursuant to Section It appears to the Securities and
19(b)(3)(A) of the Act 16 and Rule 19b– Paper Comments
Exchange Commission (‘‘Commission’’)
4(f)(6) thereunder.17 • Send paper comments in triplicate that the public interest and the
A proposed rule change filed to Secretary, Securities and Exchange protection of investors require a
pursuant to Rule 19b–4(f)(6) under the Commission, 100 F Street NE., suspension of trading in the securities of
Act 18 normally does not become Washington, DC 20549–1090. Enterprise Energy, Inc. (CIK No.
operative for 30 days after the date of its All submissions should refer to File No. 0001587285) because of recent, unusual
filing. However, Rule 19b–4(f)(6)(iii) 19 SR–BatsBZX–2016–25. This file number and unexplained market activity and
permits the Commission to designate a should be included on the subject line potentially manipulative transactions in
shorter time if such action is consistent if email is used. To help the the company’s stock. Enterprise Energy,
with the protection of investors and the Commission process and review your Inc. is a Nevada corporation with its
public interest. The Exchange has asked comments more efficiently, please use principal place of business listed as Las
the Commission to waive the 30-day only one method. The Commission will Vegas, Nevada, with stock quoted on
operative delay so that the proposal may post all comments on the Commission’s OTC Link (previously ‘‘Pink Sheets’’)
become operative immediately upon Internet Web site (http://www.sec.gov/ operated by OTC Markets Group Inc.
rules/sro.shtml). Copies of the under the ticker symbol EYGY.
16 15 U.S.C. 78s(b)(3)(A). submission, all subsequent Therefore, it is ordered, pursuant to
asabaliauskas on DSK3SPTVN1PROD with NOTICES
17 17 CFR 240.19b–4(f)(6). As required under Rule amendments, all written statements Section 12(k) of the Securities Exchange
19b–4(f)(6)(iii), the Exchange provided the
Commission with written notice of its intent to file with respect to the proposed rule Act of 1934, that trading in the
the proposed rule change, along with a brief change that are filed with the securities of Enterprise Energy, Inc. is
description and the text of the proposed rule suspended for the period from 9:30 a.m.
change, at least five business days prior to the date 20 For purposes only of waiving the 30-day
EDT on June 14, 2016, through 11:59
of filing of the proposed rule change, or such operative delay, the Commission has also
shorter time as designated by the Commission. p.m. EDT on June 27, 2016.
considered the proposed rule’s impact on
18 17 CFR 240.19b–4(f)(6).
efficiency, competition, and capital formation. See
19 17 CFR 240.19b–4(f)(6)(iii). 15 U.S.C. 78c(f). 21 17 CFR 200.30–3(a)(12).
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Document Created: 2016-06-16 00:37:30
Document Modified: 2016-06-16 00:37:30
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
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| Section | Notices | |
| FR Citation | 81 FR 39296 |
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