81 FR 39310 - Self-Regulatory Organizations; Bats EDGX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Rule 11.7, Opening Process
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 81, Issue 116 (June 16, 2016)
Federal Register Volume 81, Issue 116 (June 16, 2016)
| Page Range | 39310-39312 | |
| FR Document | 2016-14210 |
[Federal Register Volume 81, Number 116 (Thursday, June 16, 2016)] [Notices] [Pages 39310-39312] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2016-14210] ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION [Release No. 34-78039; File No. SR-BatsEDGX-2016-24] Self-Regulatory Organizations; Bats EDGX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Rule 11.7, Opening Process 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\ [[Page 39311]] notice is hereby given that on June 9, 2016, Bats EDGX Exchange, Inc. (the ``Exchange'' or ``EDGX'') 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 filed a proposal to amend Rule 11.7, Opening Process, 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 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 11.7, Opening Process, 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. Exchange Rule 11.7 describes the Exchange's current Opening and Re- Opening Process. Subparagraph (e) to Rule 11.7 states that while a 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 11.7 states that, prior to the beginning of the Regular Trading Hours, Users \5\ who wish to participate in the Opening Process may enter orders to buy or sell.\6\ Subparagraph (a)(2) to Rule 11.7 provides that, with certain exceptions,\7\ all orders with a time-in-force instruction of Regular Hours Only may participate in the Opening Process. Subparagraph (e)(1) to Rule 11.7 states that the Re-Opening Process will occur in the same manner described in Rule 11.7(a)(2) and (b) described above,\8\ also with certain exceptions.\9\ --------------------------------------------------------------------------- \5\ See Exchange Rule 1.5(ee). \6\ Orders cancelled prior to the Opening Process will not participate in the Opening Process. \7\ The following order types and instruction may not participate in the opening process: Limit Orders with a Post Only instruction, the Discretionary Range of Limit Orders, ISOs not modified by Rule 11.7(a)(1), and orders with a Minimum Execution Quantity instruction. See Exchange Rule 11.7(a)(2). Limit Orders with a Reserve Quantity may participate to the full extent of their displayed size and Reserve Quantity. Id. Limit Orders with a Discretionary Range may participate up to their ranked limit price for buy orders or down to their ranked limit price for sell orders. Id. All Limit Orders with a Pegged instruction, as defined in Exchange Rule 11.6(i), will be eligible for execution in the Opening Process based on their pegged prices. Id. \8\ Subparagraph (b) to Rule 11.7 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 11.7 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 EDGX Book, cancelled, executed, or routed to away Trading Centers in accordance with the Users' instructions pursuant to Exchange Rule 11.11. \9\ Orders without a time-in-force (``TIF'') instruction of Regular Hours Only are eligible to participate in the Re-Opening Process, but orders that include a TIF instruction of IOC or FOK, a Post Only instruction or Minimum Execution Quantity instruction will be cancelled or rejected, as applicable, and any ISO that does not include a TIF instruction of IOC or FOK will be converted into a non-ISO and be queued for participation in the Re-Opening Process. See Exchange Rule 11.7(e)(1). --------------------------------------------------------------------------- Subparagraph (e)(1) to Exchange Rule 11.7 also sets forth the process by which the System sets the price of the Re-Opening Process. Currently, the System \10\ 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. --------------------------------------------------------------------------- \10\ See Exchange Rule 1.5(cc). --------------------------------------------------------------------------- The Exchange proposes to amend subparagraph (e)(1) to Rule 11.7 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 11.7 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 11.7, 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 \11\ in general, and furthers the objectives of Section 6(b)(5) of the Act \12\ 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 [[Page 39312]] 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 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. --------------------------------------------------------------------------- \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 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 \13\ and Rule 19b-4(f)(6) thereunder.\14\ --------------------------------------------------------------------------- \13\ 15 U.S.C. 78s(b)(3)(A). \14\ 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 \15\ normally does not become operative for 30 days after the date of its filing. However, Rule 19b-4(f)(6)(iii) \16\ 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.\17\ --------------------------------------------------------------------------- \15\ 17 CFR 240.19b-4(f)(6). \16\ 17 CFR 240.19b-4(f)(6)(iii). \17\ 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-BatsEDGX-2016-24 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-BatsEDGX-2016-24. 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-BatsEDGX-2016-24, and should be submitted on or before July 7, 2016. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.\18\ --------------------------------------------------------------------------- \18\ 17 CFR 200.30-3(a)(12). --------------------------------------------------------------------------- Robert W. Errett, Deputy Secretary. [FR Doc. 2016-14210 Filed 6-15-16; 8:45 am] BILLING CODE 8011-01-P
![39310 Federal Register / Vol. 81, No. 116 / Thursday, June 16, 2016 / Notices
competitive because it allows Penny pursuant to Rule 19b–4(f)(6)(iii),13 the Place, 100 F Street NE., Washington, DC
Pilot issues to continue trading on the Commission may designate a shorter 20549–9303.
Exchange. time if such action is consistent with the All submissions should refer to File
Moreover, the Exchange believes that protection of investors and the public Number SR–BX–2016–021. This file
the proposed rule change will allow for interest. The Exchange has asked the number should be included on the
further analysis of the Pilot and a Commission to waive the 30-day subject line if email is used. To help the
determination of how the Pilot should operative delay so that the proposal may Commission process and review your
be structured in the future; and will become operative immediately upon comments more efficiently, please use
serve to promote regulatory clarity and filing. The Commission believes that only one method. The Commission will
consistency, thereby reducing burdens waiving the 30-day operative delay is post all comments on the Commission’s
on the marketplace and facilitating consistent with the protection of Internet Web site http://www.sec.gov/
investor protection. investors and the public interest rules/sro.shtml.
The Pilot is an industry-wide because doing so will allow the Pilot Copies of the submission, all
initiative supported by all other option Program to continue without subsequent amendments, all written
exchanges. The Exchange believes that interruption in a manner that is statements with respect to the proposed
extending the Pilot will allow for consistent with the Commission’s prior rule change that are filed with the
continued competition between market approval of the extension and expansion Commission, and all written
participants on the Exchange trading of the Pilot Program and will allow the communications relating to the
similar products as their counterparts Exchange and the Commission proposed rule change between the
on other exchanges, while at the same additional time to analyze the impact of Commission and any person, other than
time allowing the Exchange to continue the Pilot Program. Accordingly, the those that may be withheld from the
to compete for order flow with other Commission designates the proposed public in accordance with the
exchanges in option issues trading as rule change as operative upon filing provisions of 5 U.S.C. 552, will be
part of the Pilot. with the Commission.14 available for Web site viewing and
At any time within 60 days of the printing in the Commission’s Public
C. Self-Regulatory Organization’s Reference Room, 100 F Street NE.,
filing of such proposed rule change, the
Statement on Comments on the Washington, DC 20549, on official
Commission summarily may
Proposed Rule Change Received From business days between the hours of
temporarily suspend such rule change if
Members, Participants, or Others 10:00 a.m. and 3:00 p.m. Copies of the
it appears to the Commission that such
No written comments were either action is necessary or appropriate in the filing also will be available for
solicited or received. public interest, for the protection of inspection and copying at the principal
investors, or otherwise in furtherance of office of BX. All comments received will
III. Date of Effectiveness of the be posted without change; the
Proposed Rule Change and Timing for the purposes of the Act. If the
Commission takes such action, the Commission does not edit personal
Commission Action identifying information from
Commission shall institute proceedings
The Exchange has filed the proposed under Section 19(b)(2)(B) 15 of the Act to submissions. You should submit only
rule change pursuant to Section determine whether the proposed rule information that you wish to make
19(b)(3)(A)(iii) of the Act 9 and Rule change should be approved or available publicly.
19b–4(f)(6) thereunder.10 Because the All submissions should refer to File
disapproved.
proposed rule change does not: (i) Number SR–BX–2016–021 and should
Significantly affect the protection of IV. Solicitation of Comments be submitted on or before July 7, 2016.
investors or the public interest; (ii) Interested persons are invited to For the Commission, by the Division of
impose any significant burden on submit written data, views, and Trading and Markets, pursuant to delegated
competition; and (iii) become operative authority.16
arguments concerning the foregoing,
prior to 30 days from the date on which including whether the proposed rule Robert W. Errett,
it was filed, or such shorter time as the change is consistent with the Act. Deputy Secretary.
Commission may designate, if Comments may be submitted by any [FR Doc. 2016–14207 Filed 6–15–16; 8:45 am]
consistent with the protection of of the following methods: BILLING CODE 8011–01–P
investors and the public interest, the
proposed rule change has become Electronic Comments
effective pursuant to Section 19(b)(3)(A) • Use the Commission’s Internet SECURITIES AND EXCHANGE
of the Act and Rule 19b–4(f)(6)(iii) comment form (http://www.sec.gov/ COMMISSION
thereunder. rules/sro.shtml); or [Release No. 34–78039; File No. SR–
A proposed rule change filed under • Send an email to rule-comments@ BatsEDGX–2016–24]
Rule 19b–4(f)(6) 11 normally does not sec.gov. Please include File Number SR–
become operative prior to 30 days after BX–2016–021 on the subject line. Self-Regulatory Organizations; Bats
the date of the filing.12 However, EDGX Exchange, Inc.; Notice of Filing
Paper Comments and Immediate Effectiveness of a
9 15 U.S.C. 78s(b)(3)(A)(iii). • Send paper comments in triplicate Proposed Rule Change to Rule 11.7,
10 17 CFR 240.19b–4(f)(6).
to Brent J. Fields, Secretary, Securities Opening Process
asabaliauskas on DSK3SPTVN1PROD with NOTICES
11 17 CFR 240.19b–4(f)(6).
and Exchange Commission, Station June 10, 2016.
12 17 CFR 240.19b–4(f)(6). In addition, Rule 19b–
4(f)(6)(iii) requires the Exchange to give the Pursuant to Section 19(b)(1) of the
13 17 CFR 240.19b–4(f)(6)(iii).
Commission written notice of the Exchange’s intent Securities Exchange Act of 1934 (the
14 For purposes only of waiving the operative
to file the proposed rule change along with a brief ‘‘Act’’),1 and Rule 19b–4 thereunder,2
description and the text of the proposed rule delay for this proposal, the Commission has
change, at least five business days prior to the date considered the proposed rule’s impact on
16 17 CFR 200.30–3(a)(12).
of filing of the proposed rule change, or such efficiency, competition, and capital formation. See
shorter time as designated by the Commission. The 15 U.S.C. 78c(f). 1 15 U.S.C. 78s(b)(1).
Exchange has satisfied this pre-filing requirement. 15 15 U.S.C. 78s(b)(2)(B). 2 17 CFR 240.19b–4.
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![39312 Federal Register / Vol. 81, No. 116 / Thursday, June 16, 2016 / Notices
the proposed rule change will promote A proposed rule change filed Paper Comments
just and equitable principles of trade, pursuant to Rule 19b–4(f)(6) under the • Send paper comments in triplicate
removes impediments to, and perfect Act 15 normally does not become to Secretary, Securities and Exchange
the mechanism of, a free and open operative for 30 days after the date of its Commission, 100 F Street NE.,
market and a national market system filing. However, Rule 19b–4(f)(6)(iii) 16 Washington, DC 20549–1090.
because it enables the System to execute permits the Commission to designate a All submissions should refer to File No.
the Re-Opening Process at a price that shorter time if such action is consistent SR–BatsEDGX–2016–24. This file
is objectively established by the market with the protection of investors and the number should be included on the
for the security. The proposal would public interest. The Exchange has asked subject line if email is used. To help the
enable the listing market’s quotation to the Commission to waive the 30-day Commission process and review your
be incorporated into the NBBO, which operative delay so that the proposal may comments more efficiently, please use
the Exchange would, in turn, utilize in become operative immediately upon only one method. The Commission will
its calculation of the midpoint of the filing. The Exchange states that waiver post all comments on the Commission’s
NBBO. The Exchange believes doing so of the 30-day operative delay would Internet Web site (http://www.sec.gov/
would result in a re-opening price that allow market participants to rules/sro.shtml). Copies of the
more closely reflect the market prices immediately realize the benefits of what submission, all subsequent
and conditions for that security. may be more accurate re-opening prices. amendments, all written statements
Therefore, the Exchange believes the Based on the foregoing, the Commission with respect to the proposed rule
proposed rule change promotes just and believes the waiver of the operative change that are filed with the
equitable principles of trade because it delay is consistent with the protection Commission, and all written
ensures a midpoint price that the of investors and the public interest. communications relating to the
Exchange believes would accurately Therefore, the Commission hereby proposed rule change between the
reflect the market for the security. waives the operative delay and Commission and any person, other than
designates the proposal operative upon those that may be withheld from the
B. Self-Regulatory Organization’s
filing.17 public in accordance with the
Statement on Burden on Competition
At any time within 60 days of the provisions of 5 U.S.C. 552, will be
The Exchange does not believe that filing of the proposed rule change, the
the proposal will impose any burden on available for Web site viewing and
Commission summarily may printing in the Commission’s Public
competition not necessary or temporarily suspend such rule change if
appropriate in furtherance of the Reference Room, 100 F Street NE.,
it appears to the Commission that such Washington, DC 20549, on official
purposes of the Act. The proposed rule action is necessary or appropriate in the
change will enable the Exchange to business days between the hours of
public interest, for the protection of 10:00 a.m. and 3:00 p.m. Copies of the
incorporate the listing market’s investors, or otherwise in furtherance of
quotation into its calculation of the filing also will be available for
the purposes of the Act. If the inspection and copying at the principal
midpoint of the NBBO, resulting in a re- Commission takes such action, the
opening price that would more closely office of the Exchange. All comments
Commission shall institute proceedings received will be posted without change;
reflect the opening market prices and to determine whether the proposed rule
conditions for that security. Therefore, the Commission does not edit personal
change should be approved or identifying information from
the Exchange believes the proposed rule disapproved.
change will promote competition by submissions. You should submit only
enhancing the quality of the Exchange’s IV. Solicitation of Comments information that you wish to make
opening process. available publicly. All submissions
Interested persons are invited to should refer to File No. SR–BatsEDGX–
C. Self-Regulatory Organization’s submit written data, views, and 2016–24, and should be submitted on or
Statement on Comments on the arguments concerning the foregoing, before July 7, 2016.
Proposed Rule Change Received From including whether the proposed rule
change is consistent with the Act. For the Commission, by the Division of
Members, Participants, or Others Trading and Markets, pursuant to delegated
Comments may be submitted by any of authority.18
The Exchange has neither solicited the following methods:
nor received written comments on the Robert W. Errett,
proposed rule change. Electronic Comments Deputy Secretary.
III. Date of Effectiveness of the • Use the Commission’s Internet [FR Doc. 2016–14210 Filed 6–15–16; 8:45 am]
comment form (http://www.sec.gov/ BILLING CODE 8011–01–P
Proposed Rule Change and Timing for
Commission Action rules/sro.shtml); or
Because the proposed rule change • Send an email to rule-comments@
sec.gov. Please include File No. SR– DEPARTMENT OF STATE
does not (i) significantly affect the
protection of investors or the public BatsEDGX–2016–24 on the subject line. [Public Notice: 9607]
interest; (ii) impose any significant
Commission with written notice of its intent to file Notice of Availability of the Final
burden on competition; and (iii) become
the proposed rule change, along with a brief Environmental Assessment and
operative for 30 days from the date on description and the text of the proposed rule Finding of No Significant Impact for
asabaliauskas on DSK3SPTVN1PROD with NOTICES
which it was filed, or such shorter time change, at least five business days prior to the date
the NuStar Burgos Pipeline Projects
as the Commission may designate, it has of filing of the proposed rule change, or such
shorter time as designated by the Commission. Presidential Permit Applications
become effective pursuant to Section 15 17 CFR 240.19b–4(f)(6). Review, Hidalgo County, Texas
19(b)(3)(A) of the Act 13 and Rule 19b– 16 17 CFR 240.19b–4(f)(6)(iii).
4(f)(6) thereunder.14 17 For purposes only of waiving the 30-day AGENCY: Department of State.
operative delay, the Commission has also ACTION: Notice of availability.
13 15U.S.C. 78s(b)(3)(A). considered the proposed rule’s impact on
14 17CFR 240.19b–4(f)(6). As required under Rule efficiency, competition, and capital formation. See
19b–4(f)(6)(iii), the Exchange provided the 15 U.S.C. 78c(f). 18 17 CFR 200.30–3(a)(12).
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Document Created: 2016-06-16 00:37:46
Document Modified: 2016-06-16 00:37:46
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
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| FR Citation | 81 FR 39310 |
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