81 FR 39306 - Equity Market Structure Advisory Committee Meeting

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 81, Issue 116 (June 16, 2016)

Page Range		39306-39307
FR Document		2016-14199

The Securities and Exchange Commission Equity Market Structure Advisory Committee is providing notice that it will hold an open, public telephone meeting on Friday, July 8, 2016, beginning at 2:00 p.m. (EDT). Members of the public may attend the meeting by listening to the webcast accessible on the Commission's Web site at www.sec.gov. Persons needing special accommodations to take part because of a disability should notify the contact person listed below. The agenda for the meeting includes presentations by the Regulation NMS and Trading Venues Regulations subcommittee chairs and consideration of a recommendation for an access fee pilot and recommendations related to trading venues regulation. The public is invited to submit written statements to the Committee.

Federal Register, Volume 81 Issue 116 (Thursday, June 16, 2016)

[Federal Register Volume 81, Number 116 (Thursday, June 16, 2016)]
[Notices]
[Pages 39306-39307]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-14199]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-78040; File No. 265-29]


Equity Market Structure Advisory Committee Meeting

AGENCY: Securities and Exchange Commission.

ACTION: Notice of telephonic meeting.

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SUMMARY: The Securities and Exchange Commission Equity Market Structure 
Advisory Committee is providing notice that it will hold an open, 
public telephone meeting on Friday, July 8, 2016, beginning at 2:00 
p.m. (EDT). Members of the public may attend the meeting by listening 
to the webcast accessible on the Commission's Web site at www.sec.gov. 
Persons needing special accommodations to take part because of a 
disability should notify the contact person listed below. The agenda 
for the meeting includes presentations by the Regulation NMS and 
Trading Venues Regulations subcommittee chairs and consideration of a 
recommendation for an access fee pilot and recommendations related to 
trading venues regulation. The public is invited to submit written 
statements to the Committee.

DATES: The public telephonic meeting will be held on Friday, July 8, 
2016. Written statements should be received on or before July 5, 2016.

ADDRESSES: Written statements may be submitted by any of the following 
methods:

Electronic Statements

    [ssquf] Use the Commission's Internet submission form (http://www.sec.gov/rules/other.shtml); or
    [ssquf] Send an email message to [email protected]. Please 
include File No. 265-29 on the subject line; or

Paper Statements

    [ssquf] Send paper statements to Brent J. Fields, Secretary, 
Securities and Exchange Commission, 100 F Street NE., Washington, DC 
20549-1090.

All submissions should refer to File No. 265-29. This file number 
should be included on the subject line if email is used. To help us 
process and review your statement more efficiently, please use only one 
method.
    Statements also will be available for Web site viewing and printing 
in the Commission's Public Reference Room, 100 F Street NE., Room 1580, 
Washington, DC 20549, on official business days between the hours of 
10:00 a.m. and 3:00 p.m. All statements received will be posted without 
change;

[[Page 39307]]

we do not edit personal identifying information from submissions. You 
should submit only information that you wish to make available 
publicly.

FOR FURTHER INFORMATION CONTACT: Arisa Tinaves Kettig, Senior Special 
Counsel, Division of Trading and Markets, at (202) 551-5676, Securities 
and Exchange Commission, 100 F Street NE., Washington, DC 20549-7010.

SUPPLEMENTARY INFORMATION: In accordance with Section 10(a) of the 
Federal Advisory Committee Act, 5 U.S.C.-App. 1, and the regulations 
thereunder, Stephen Luparello, Designated Federal Officer of the 
Committee, has ordered publication of this notice.

    Dated: June 10, 2016.
Brent J. Fields,
Committee Management Officer.
[FR Doc. 2016-14199 Filed 6-15-16; 8:45 am]
 BILLING CODE 8011-01-P

39306 Federal Register / Vol. 81, No. 116 / Thursday, June 16, 2016 / Notices

domestically to clear or settle trades, • Send an email to rule-comments@ SECURITIES AND EXCHANGE
and ensure that the risks are managed sec.gov. Please include File Number SR– COMMISSION
prudently on an ongoing basis. In DTC–2016–004 on the subject line.
[Release No. 34–78040; File No. 265–29]
developing the proposed EB Link, DTC
evaluated the risks that could arise by Paper Comments
Equity Market Structure Advisory
establishing a link with EB, a foreign • Send paper comments in triplicate Committee Meeting
central securities depository. DTC to Secretary, Securities and Exchange
determined that because all Deliveries AGENCY: Securities and Exchange
Commission, 100 F Street NE.,
between CP Sub-Accounts and the EB Commission.
Washington, DC 20549.
Account would be subject to DTC risk ACTION: Notice of telephonic meeting.
management controls and would be All submissions should refer to File
limited to Free Deliveries, there should Number SR–DTC–2016–004. This file SUMMARY: The Securities and Exchange
be minimum risk, in particular, no number should be included on the Commission Equity Market Structure
funds settlement risk, for this link. As subject line if email is used. To help the Advisory Committee is providing notice
such, DTC believes the proposed EB Commission process and review your that it will hold an open, public
Link is consistent with DTC’s comments more efficiently, please use telephone meeting on Friday, July 8,
obligations under Rule 17Ad-22(d)(7), 2016, beginning at 2:00 p.m. (EDT).
only one method. The Commission will
cited above. Members of the public may attend the
post all comments on the Commission’s
meeting by listening to the webcast
(B) Clearing Agency’s Statement on Internet Web site (http://www.sec.gov/ accessible on the Commission’s Web
Burden on Competition rules/sro.shtml). Copies of the site at www.sec.gov. Persons needing
DTC does not believe that the submission, all subsequent special accommodations to take part
proposed rule change would have any amendments, all written statements because of a disability should notify the
impact, or impose any burden on with respect to the proposed rule contact person listed below. The agenda
competition because it would establish change that are filed with the for the meeting includes presentations
an EB Link to which any CP Participant Commission, and all written by the Regulation NMS and Trading
would have access. communications relating to the Venues Regulations subcommittee
proposed rule change between the chairs and consideration of a
(C) Clearing Agency’s Statement on Commission and any person, other than recommendation for an access fee pilot
Comments on the Proposed Rule those that may be withheld from the and recommendations related to trading
Change Received From Members, public in accordance with the venues regulation. The public is invited
Participants, or Others to submit written statements to the
provisions of 5 U.S.C. 552, will be
Written comments relating to the available for Web site viewing and Committee.
proposed rule change have not been printing in the Commission’s Public DATES: The public telephonic meeting
solicited or received. DTC will notify Reference Room, 100 F Street NE., will be held on Friday, July 8, 2016.
the Commission of any written Washington, DC 20549 on official Written statements should be received
comments received by DTC. business days between the hours of on or before July 5, 2016.
III. Date of Effectiveness of the 10:00 a.m. and 3:00 p.m. Copies of the ADDRESSES: Written statements may be
Proposed Rule Change, and Timing for filing also will be available for submitted by any of the following
Commission Action inspection and copying at the principal methods:
Within 45 days of the date of office of DTC and on DTCC’s Web site
(http://dtcc.com/legal/sec-rule- Electronic Statements
publication of this notice in the Federal
Register or within such longer period filings.aspx). All comments received D Use the Commission’s Internet
up to 90 days (i) as the Commission may will be posted without change; the submission form (http://www.sec.gov/
designate if it finds such longer period Commission does not edit personal rules/other.shtml); or
to be appropriate and publishes its identifying information from D Send an email message to rules-
reasons for so finding or (ii) as to which submissions. You should submit only comments@sec.gov. Please include File
the self- regulatory organization information that you wish to make No. 265–29 on the subject line; or
consents, the Commission will: available publicly. All submissions Paper Statements
(A) by order approve or disapprove should refer to File Number SR–DTC–
D Send paper statements to Brent J.
such proposed rule change, or 2016–004 and should be submitted on
(B) institute proceedings to determine Fields, Secretary, Securities and
or before July 7, 2016. Exchange Commission, 100 F Street NE.,
whether the proposed rule change
should be disapproved.
For the Commission, by the Division of Washington, DC 20549–1090.
Trading and Markets, pursuant to delegated All submissions should refer to File No.
IV. Solicitation of Comments authority.23 265–29. This file number should be
Interested persons are invited to Robert W. Errett, included on the subject line if email is
submit written data, views and Deputy Secretary. used. To help us process and review
arguments concerning the foregoing, [FR Doc. 2016–14203 Filed 6–15–16; 8:45 am] your statement more efficiently, please
use only one method.
asabaliauskas on DSK3SPTVN1PROD with NOTICES

including whether the proposed rule BILLING CODE 8011–01–P
change is consistent with the Act. Statements also will be available for
Comments may be submitted by any of Web site viewing and printing in the
the following methods: Commission’s Public Reference Room,
100 F Street NE., Room 1580,
Electronic Comments Washington, DC 20549, on official
• Use the Commission’s Internet business days between the hours of
comment form (http://www.sec.gov/ 10:00 a.m. and 3:00 p.m. All statements
rules/sro.shtml); or 23 17 CFR 200.30–3(a)(12). received will be posted without change;

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Federal Register / Vol. 81, No. 116 / Thursday, June 16, 2016 / Notices 39307

we do not edit personal identifying f/k/a ‘‘BATS Options’’) to extend prices to buy and sell options have been
information from submissions. You through December 31, 2016, the Penny demonstrated to outweigh the increase
should submit only information that Pilot Program (‘‘Penny Pilot’’) in options in quote traffic.
you wish to make available publicly. classes in certain issues (‘‘Pilot
Program’’) previously approved by the 2. Statutory Basis
FOR FURTHER INFORMATION CONTACT:
Arisa Tinaves Kettig, Senior Special Commission.5 The Exchange believes that its
Counsel, Division of Trading and The text of the proposed rule change proposal is consistent with the
Markets, at (202) 551–5676, Securities is available at the Exchange’s Web site requirements of the Act and the rules
and Exchange Commission, 100 F Street at http://www.batstrading.com/, at the and regulations thereunder that are
NE., Washington, DC 20549–7010. principal office of the Exchange, and at
applicable to a national securities
SUPPLEMENTARY INFORMATION: In the Commission’s Public Reference
exchange, and, in particular, with the
accordance with Section 10(a) of the Room.
requirements of Section 6(b) of the Act.6
Federal Advisory Committee Act, 5 II. Self-Regulatory Organization’s In particular, the proposal is consistent
U.S.C.-App. 1, and the regulations Statement of the Purpose of, and with Section 6(b)(5) of the Act,7 because
thereunder, Stephen Luparello, Statutory Basis for, the Proposed Rule it would promote just and equitable
Designated Federal Officer of the Change principles of trade, remove
Committee, has ordered publication of impediments to, and perfect the
this notice. In its filing with the Commission, the
Exchange included statements mechanism of, a free and open market
Dated: June 10, 2016. concerning the purpose of and basis for and a national market system. The
Brent J. Fields, the proposed rule change and discussed Exchange believes that the Pilot
Committee Management Officer. any comments it received on the Program promotes just and equitable
[FR Doc. 2016–14199 Filed 6–15–16; 8:45 am] proposed rule change. The text of these principles of trade by enabling public
BILLING CODE 8011–01–P statements may be examined at the customers and other market participants
places specified in Item IV below. The to express their true prices to buy and
Exchange has prepared summaries, set sell options. Accordingly, the Exchange
SECURITIES AND EXCHANGE forth in Sections A, B, and C below, of believes that the proposal is consistent
COMMISSION the most significant parts of such with the Act because it will allow the
[Release No. 34–78032; File No. SR–
statements. Exchange to extend the Pilot Program
BatsBZX–2016–23] A. Self-Regulatory Organization’s prior to its expiration on June 30, 2016.
Statement of the Purpose of, and the The Exchange notes that this proposal
Self-Regulatory Organizations; Bats Statutory Basis for, the Proposed Rule does not propose any new policies or
BZX Exchange, Inc.; Notice of Filing Change provisions that are unique or unproven,
and Immediate Effectiveness of a but instead relates to the continuation of
Proposed Rule Change To Extend the 1. Purpose an existing program that operates on a
Penny Pilot Program The purpose of this filing is to extend pilot basis.
June 10, 2016. the Penny Pilot, which was previously B. Self-Regulatory Organization’s
Pursuant to Section 19(b)(1) of the approved by the Commission, through
Statement on Burden on Competition
Securities Exchange Act of 1934 (the December 31, 2016, and to provide
‘‘Act’’),1 and Rule 19b–4 thereunder,2 revised dates for adding replacement The Exchange does not believe that
notice is hereby given that on June 3, issues to the Pilot Program. The the proposed rule change will impose
2016, Bats BZX Exchange, Inc. (the Exchange proposes that any Pilot any burden on competition that is not
‘‘Exchange’’ or ‘‘BZX’’) filed with the Program issues that have been delisted necessary or appropriate in furtherance
Securities and Exchange Commission may be replaced on the second trading of the purposes of the Act. In this
(‘‘Commission’’) the proposed rule day following July 1, 2016. The regard, the Exchange notes that the rule
change as described in Items I and II replacement issues will be selected change is being proposed in order to
below, which Items have been prepared based on trading activity for the most continue the Pilot Program, which is a
by the Exchange. The Exchange has recent six month period excluding the competitive response to analogous
designated this proposal as a ‘‘non- month immediately preceding the programs offered by other options
controversial’’ proposed rule change replacement (i.e., beginning December exchanges. The Exchange believes this
pursuant to Section 19(b)(3)(A) of the 1, 2015, and ending May 31, 2016). proposed rule change is necessary to
Act 3 and Rule 19b–4(f)(6)(iii) The Exchange represents that the permit fair competition among the
thereunder,4 which renders it effective Exchange has the necessary system options exchanges.
upon filing with the Commission. The capacity to continue to support
Commission is publishing this notice to operation of the Penny Pilot. The C. Self-Regulatory Organization’s
solicit comments on the proposed rule Exchange believes the benefits to public Statement on Comments on the
change from interested persons. customers and other market participants Proposed Rule Change Received From
who will be able to express their true Members, Participants or Others
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of The Exchange has not solicited, and
asabaliauskas on DSK3SPTVN1PROD with NOTICES

5 The rules of BZX Options, including rules

the Proposed Rule Change applicable to BZX Options’ participation in the does not intend to solicit, comments on
Penny Pilot, were approved on January 26, 2010. this proposed rule change. The
The Exchange filed a proposal for the See Securities Exchange Act Release No. 61419
BZX Options Market (‘‘BZX Options’’ (January 26, 2010), 75 FR 5157 (February 1, 2010) Exchange has not received any written
(SR–BATS–2009–031). BZX Options commenced comments from members or other
1 15
operations on February 26, 2010. The Penny Pilot interested parties.
U.S.C. 78s(b)(1). was most recently extended for BZX Options
2 17 CFR 240.19b–4. through June 30, 2016. See Securities Exchange Act
3 15 U.S.C. 78s(b)(3)(A). 6 15 U.S.C. 78f(b).
Release No. 75388 (June 30, 2015), 80 FR 38793
4 17 CFR 240.19b–4(f)(6)(iii). (July 7, 2015) (SR–BATS–2015–50). 7 15 U.S.C. 78f(b)(5).

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Document Created: 2016-06-16 00:37:17
Document Modified: 2016-06-16 00:37:17

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
Action		Notice of telephonic meeting.
Dates		The public telephonic meeting will be held on Friday, July 8, 2016. Written statements should be received on or before July 5, 2016.
Contact		Arisa Tinaves Kettig, Senior Special Counsel, Division of Trading and Markets, at (202) 551-5676, Securities and Exchange Commission, 100 F Street NE., Washington, DC 20549-7010.
FR Citation		81 FR 39306