81 FR 41638 - Self-Regulatory Organizations; Bats BZX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change Related to Fees

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 81, Issue 123 (June 27, 2016)

Page Range		41638-41641
FR Document		2016-15075
Federal Register, Volume 81 Issue 123 (Monday, June 27, 2016)
[Federal Register Volume 81, Number 123 (Monday, June 27, 2016)]
[Notices]
[Pages 41638-41641]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-15075]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-78111; File No. SR-BatsBZX-2016-24]


Self-Regulatory Organizations; Bats BZX Exchange, Inc.; Notice of 
Filing and Immediate Effectiveness of a Proposed Rule Change Related to 
Fees

June 21, 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 8, 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, II 
and III below, which Items have been prepared by the Exchange. The 
Exchange has designated the proposed rule change as

[[Page 41639]]

one establishing or changing a member due, fee, or other charge imposed 
by the Exchange under Section 19(b)(3)(A)(ii) of the Act \3\ and Rule 
19b-4(f)(2) thereunder,\4\ which renders the proposed rule change 
effective upon filing with the Commission. The Commission is publishing 
this notice to solicit comments on the proposed rule change from 
interested persons.
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ 15 U.S.C. 78s(b)(3)(A)(ii).
    \4\ 17 CFR 240.19b-4(f)(2).
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I. Self-Regulatory Organization's Statement of the Terms of Substance 
of the Proposed Rule Change

    The Exchange filed a proposal to amend the fee schedule applicable 
to Members \5\ and non-members of the Exchange pursuant to BZX Rules 
15.1(a) and (c) (``Fee Schedule'') to: (i) Add fee codes NA and NB; and 
(ii) increase the standard rebate for orders that yield fee code B.
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    \5\ The term ``Member'' is defined as ``any registered broker or 
dealer that has been admitted to membership in the Exchange.'' See 
Exchange Rule 1.5(n).
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    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 its Fee Schedule to: (i) Add fee 
codes NA and NB; and (ii) increase the standard rebate for orders that 
yield fee code B.
Fee Codes NA and NB
    The Exchange previously filed a proposed rule change with the 
Commission to identify Non-Displayed Orders \6\ as such when routed to 
an away Trading Center.\7\ The Exchange intends to implement this 
functionality on June 1, 2016.\8\ Because other Trading Centers 
typically provide different rebates or fees with respect to non-
displayed liquidity the Exchange proposes to amend its Fee Schedule to 
add fee codes NA and NB, which would apply to routed Non-Displayed 
Orders. Proposed fee code NA would be applied to Non-Displayed Orders 
that are routed to and add liquidity on Bats EDGX Exchange, Inc. 
(``EDGX''), the New York Stock Exchange, Inc. (``NYSE''), NYSE Arca, 
Inc. (``NYSE Arca''), NYSE MKT LLC (``NYSE MKT''), or the Nasdaq Stock 
Market LLC (``Nasdaq'').\9\ Orders that yield fee code NA would not be 
charged a fee nor receive a rebate in both securities priced at or 
above $1.00 or below $1.00. Proposed fee code NB would be applied to 
Non-Displayed Orders that are routed to and add liquidity on any 
exchange not listed in proposed fee code NA. Orders that yield fee code 
NB would be charged a fee of $0.0030 per share in securities priced at 
or above $1.00 and 0.30% of the trade's total dollar value in 
securities priced below $1.00.
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    \6\ See Exchange Rule 11.9(c)(11).
    \7\ The Exchange notes that the Exchange also amended its rules 
to route Reserve Orders (as defined in Rule 11.9(c)(1)) as such to 
other Trading Centers. See Securities Exchange Act 77187 (February 
19, 2016), 81 FR 9556 (February 25, 2016) (SR-BYX-2016-04). Non-
Displayed Orders and Reserve Orders would be handled in accordance 
with the rules of the Trading Center to which they are routed. Id. 
This proposal does not impact the routing of Reserve Orders.
    \8\ See Bats Announces Support for Hidden Post-to-Away Routed 
Orders, available at http://cdn.batstrading.com/resources/release_notes/2016/Bats-Announces-Support-for-Hidden-Post-to-Away-Routed-Orders.pdf.
    \9\ Today, all orders that are routed to post to an away market 
are routed for display on such market and receive the following 
rates: (i) Rebate of $0.0015 per share for orders routed to the 
NYSE; (ii) rebate of $0.0021 per share for Tapes A and C securities 
and a rebate of $0.0022 per share for Tape B securities for orders 
routed to NYSE Arca; (iii) rebate of $0.0015 per share for orders 
routed to NYSE MKT; (iv) rebate of $0.0015 per share for orders 
routed to Nasdaq; and (v) a rebate of $0.0020 per share for orders 
routed to EDGX. See the Exchange's Fee Schedule available at http://batstrading.com/support/fee_schedule/bzx/. These rates generally 
represent a pass through of the rate that Bats Trading, Inc. (``Bats 
Trading''), the Exchange's affiliated routing broker-dealer, is 
provided for adding displayed liquidity at NYSE, NYSE Arca, NYSE 
MKT, Nasdaq, or EDGX when it does not qualify for a volume tiered 
reduced fee or enhanced rebate.
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Fee Code B
    Fee code B is appended to orders that provide liquidity in Tape B 
securities on the Exchange. Such orders that yield fee code B currently 
receive a standard rebate of $0.0020 per share. The Exchange proposes 
to increase this standard rebate applied to orders yielding fee code B 
to $0.0025 per share. The Exchange believes the increased rebate would 
incentivize the provision of displayed liquidity in Tape B securities 
on the Exchange.
    The Exchange also currently provides two Tape B Volume and Quoting 
Tiers pursuant to footnote 13 that provide additional step-up rebates 
based on a member's Tape B ADAV \10\ as a percentage of TCV.\11\ The 
``Tape B Volume Tier'' provides a step-up rebate of $0.0027 per share 
if a Member's Tape B ADAV as a percentage of TCV is equal to or greater 
than 0.08%. This tier will remain unchanged. ``Tier 1'' currently 
provides a step-up rebate of $0.0025 per share if a Member's Tape B 
ADAV as a percentage of TCV is equal to or greater than 0.05%. Because 
the Exchange proposes to increase of the standard rebate applicable to 
orders that yield fee code B to $0.0025 per share, the Exchange 
proposes to eliminate Tier 1 in its entirety as tier's criteria would 
now be unnecessary to achieve the increased rebate.
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    \10\ As provided in the Fee Schedule, ``ADAV'' means average 
daily added volume calculated as the number of shares added per day.
    \11\ As provided in the Fee Schedule, ``TCV'' means total 
consolidated volume calculated as the volume reported by all 
exchanges and trade reporting facilities to a consolidated 
transaction reporting plan for the month for which the fees apply.
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    Finally, the Exchange proposes to update its Standard Rate table to 
include the proposed $0.0025 rebate with respect to pricing for adding 
liquidity for securities at or above $1.00.
Implementation Date
    The Exchange proposes to implement these amendments to its Fee 
Schedule effective immediately.\12\
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    \12\ The Exchange initially filed the proposed fee change on May 
31, 2016 (SR-BatsBZX-2016-21). On June 8, 2016, the Exchange 
withdrew SR-BatsBZX-2016-21 and submitted this filing.
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2. Statutory Basis
    The Exchange believes that the proposed rule change is consistent 
with the objectives of Section 6 of the Act,\13\ in general, and 
furthers the objectives of Section 6(b)(4),\14\ in particular, as it is 
designed to provide for the equitable allocation of reasonable dues, 
fees and other charges among its Members and other persons using its 
facilities. The Exchange also notes that it operates in a highly-
competitive market in which market participants can readily direct 
order flow to competing venues if they deem fee levels at a particular 
venue to be excessive. The proposed rule change reflects a competitive 
pricing structure designed to incent market participants

[[Page 41640]]

to direct their order flow to the Exchange. The Exchange believes that 
the proposed rebate increase is equitable and non-discriminatory in 
that it would apply uniformly to all Members. The Exchange believes the 
rates remain competitive with those charged by other venues and, 
therefore, reasonable and equitably allocated to Members.
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    \13\ 15 U.S.C. 78f.
    \14\ 15 U.S.C. 78f(b)(4).
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    In particular, the Exchange believes that proposed fee codes NA and 
NB represent an equitable allocation of reasonable dues, fees, and 
other charges. The proposed fees are similar to and based on the fees 
and rebates assessed or provided to Bats Trading when routing to away 
Trading Centers. For instance, like proposed fee code NA, the NYSE, 
NYSE Arca, and Nasdaq charge no fee nor provide a rebate for non-
displayed orders that add liquidity.\15\ In addition, the exchanges 
that would be covered by proposed fee code NB charge a fee of up to 
$0.0030 per share to add liquidity.\16\ In addition, the proposed rate 
for fee code NB is equal to or greater than similar routing fees 
charged by other exchanges. For example, the NYSE, NYSE MKT, and Nasdaq 
charge a fee of $0.0030 per share and NYSE Arca charges a fee of 
$0.0035 per share regardless of which destination the order is 
routed.\17\
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    \15\ See the NYSE fee schedule available at https://www.nyse.com/publicdocs/nyse/markets/nyse/NYSE_Price_List.pdf (dated 
May 23, 2016); the NYSE Arca fee schedule available at https://www.nyse.com/publicdocs/nyse/markets/nyse-arca/NYSE_Arca_Marketplace_Fees.pdf (dated May 23, 2016); and the Nasdaq 
fee schedule available at http://www.nasdaqtrader.com/Trader.aspx?id=PriceListTrading2. The Exchange notes that NYSE MKT 
and EDGX provide a rebate of $0.0016 and $ 0.0015 per share 
respectively for non-displayed orders that add liquidity. See the 
NYSE MKT fee schedule available at https://www.nyse.com/publicdocs/nyse/markets/nyse-mkt/NYSE_MKT_Equities_Price_List.pdf (dated May 
23, 2016); and the EDGX fee schedule available at http://batstrading.com/support/fee_schedule/edgx/.
    \16\ See the Bats EDGA Exchange, Inc. fee schedule available at 
http://batstrading.com/support/fee_schedule/edga/; and the Nasdaq 
BX, Inc. fee schedule available at http://www.nasdaqtrader.com/Trader.aspx?id=bx_pricing. The Exchange notes that it currently does 
not provide for routing orders to post on the Chicago Stock 
Exchange, Inc. or the National Stock Exchange, Inc.
    \17\ See supra note 15. Nasdaq charges a fee of $0.0035 per 
share for routed orders that are directed to another market. See the 
Nasdaq fee schedule at id.
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    The Exchange notes that routing through Bats Trading is voluntary. 
The Exchange is providing a service to allow Members to post Non-
Displayed Orders to these destinations and that those Members seeking 
to post such orders to away destinations may connect to those 
destinations directly and be charged the fee or provided the rebate 
from that destination. Therefore, the Exchange believes the rates for 
proposed fee codes NA and NB are equitable and reasonable because they 
are related to the rates provided by the away exchange and reasonably 
account for the routing service provided for by the Exchange. Lastly, 
the Exchange believes that the proposed amendments are non-
discriminatory because it applies uniformly to all Members and that the 
proposed rates are directly related to rates provided by the 
destinations to which the orders may be routed.
    The Exchange believes the increased rebate for orders adding 
liquidity yielding Fee Code B is a reasonable means to encourage 
Members to increase their liquidity on the Exchange in Tape B 
securities. The Exchange further believes that the rebate increase is 
an equitable and non-discriminatory allocation of reasonable dues, 
fees, and other charges because the increased rebate encourages Members 
to add increased liquidity to the BZX Book \18\ in Tape B securities 
and is applicable equally to all Members. The increased liquidity 
benefits all investors by deepening the Exchange's liquidity pool, 
offering additional flexibility for all investors to enjoy cost 
savings, supporting the quality of price discovery, promoting market 
transparency and improving investor protection.
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    \18\ See Exchange Rule 1.5(e).
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B. Self-Regulatory Organization's Statement on Burden on Competition

    The Exchange does not believe its proposed amendment to its Fee 
Schedule would impose any burden on competition that is not necessary 
or appropriate in furtherance of the purposes of the Act. The Exchange 
does not believe that the proposed change represents a significant 
departure from previous pricing offered by the Exchange or pricing 
offered by the Exchange's competitors. Additionally, Members may opt to 
disfavor the Exchange's pricing if they believe that alternatives offer 
them better value. For example, routing through Bats Trading is 
voluntary and Members seeking to post such orders to away destinations 
may connect to those destinations directly and be charged the fee or 
provide the rebate from that destination. The Exchange does not believe 
that the increased rebate applicable to orders yielding Fee Code B 
would burden competition, but instead, enhances competition, as it is 
intended to increase the competitiveness of and draw additional 
liquidity to the Exchange. The Exchange does not believe the increased 
rebate would burden intramarket competition as it would apply to all 
Members uniformly. Accordingly, the Exchange does not believe that the 
proposed change will impair the ability of Members or competing venues 
to maintain their competitive standing in the financial markets.

C. Self-Regulatory Organization's Statement on Comments on the Proposed 
Rule Change Received From Members, Participants, or Others

    The Exchange has not solicited, and does not intend to solicit, 
comments on this proposed rule change. The Exchange has not received 
any unsolicited written comments from Members or other interested 
parties.

III. Date of Effectiveness of the Proposed Rule Change and Timing for 
Commission Action

    The foregoing rule change has become effective pursuant to Section 
19(b)(3)(A) of the Act \19\ and paragraph (f) of Rule 19b-4 
thereunder.\20\ 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.
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    \19\ 15 U.S.C. 78s(b)(3)(A).
    \20\ 17 CFR 240.19b-4(f).
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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 Comments

     Use the Commission's Internet comment form (http://www.sec.gov/rules/sro.shtml); or
     Send an email to [email protected]. Please include 
File Number SR-BatsBZX-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 Number SR-BatsBZX-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

[[Page 41641]]

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 Number SR-BatsBZX-2016-24, and should 
be submitted on or before July 18, 2016.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\21\
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    \21\ 17 CFR 200.30-3(a)(12).
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Robert W. Errett,
Deputy Secretary.
[FR Doc. 2016-15075 Filed 6-24-16; 8:45 am]
 BILLING CODE 8011-01-P
41638 Federal Register / Vol. 81, No. 123 / Monday, June 27, 2016 / Notices

qualifying CUSIPs to the NYSE Bonds competitive standing in the financial only one method. The Commission will
system would not pay a fee, and Users markets. post all comments on the Commission’s
that do not qualify for the fee waiver Internet Web site (http://www.sec.gov/
C. Self-Regulatory Organization’s
would benefit by the proposed fee cap. rules/sro.shtml). Copies of the
Statement on Comments on the
The proposed rule change will therefore submission, all subsequent
Proposed Rule Change Received From
benefit all Users that provide liquidity amendments, all written statements
to the NYSE Bonds system. Members, Participants, or Others with respect to the proposed rule
The Exchange further believes that the No written comments were solicited change that are filed with the
proposed rule change is equitable and or received with respect to the proposed Commission, and all written
not unfairly discriminatory in that it rule change. communications relating to the
will apply uniformly to all Users proposed rule change between the
III. Date of Effectiveness of the
accessing the NYSE Bonds system. Each Commission and any person, other than
Proposed Rule Change and Timing for
User will have the ability to determine those that may be withheld from the
the extent to which the Exchange’s Commission Action
public in accordance with the
proposed structure will provide it with The foregoing rule change is effective provisions of 5 U.S.C. 552, will be
an economic incentive to use the NYSE upon filing pursuant to Section available for Web site viewing and
Bonds system, and model its business 19(b)(3)(A) 12 of the Act and printing in the Commission’s Public
accordingly. subparagraph (f)(2) of Rule 19b–4 13 Reference Room, 100 F Street NE.,
thereunder, because it establishes a due, Washington, DC 20549 on official
B. Self-Regulatory Organization’s
fee, or other charge imposed by the business days between the hours of
Statement on Burden on Competition
Exchange. 10:00 a.m. and 3:00 p.m. Copies of such
In accordance with Section 6(b)(8) of At any time within 60 days of the filing also will be available for
the Act,11 the Exchange believes that the filing of such proposed rule change, the inspection and copying at the principal
proposed rule change would not impose Commission summarily may office of the Exchange. All comments
any burden on competition that is not temporarily suspend such rule change if received will be posted without change;
necessary or appropriate in furtherance it appears to the Commission that such the Commission does not edit personal
of the purposes of the Act. Debt action is necessary or appropriate in the identifying information from
securities typically trade in a public interest, for the protection of submissions. You should submit only
decentralized OTC dealer market that is investors, or otherwise in furtherance of information that you wish to make
less liquid and transparent than the the purposes of the Act. If the available publicly. All submissions
equities markets. The Exchange believes Commission takes such action, the should refer to File Number SR–NYSE–
that the proposed change would Commission shall institute proceedings 2016–42, and should be submitted on or
increase competition with these OTC under Section 19(b)(2)(B) 14 of the Act to before July 18, 2016.
venues by creating additional incentives determine whether the proposed rule For the Commission, by the Division of
to engage in bonds transactions on the change should be approved or Trading and Markets, pursuant to delegated
Exchange and rewarding market disapproved. authority.15
participants for actively quoting and Robert W. Errett,
providing liquidity in the only IV. Solicitation of Comments
Deputy Secretary.
transparent bond market, which the Interested persons are invited to [FR Doc. 2016–15072 Filed 6–24–16; 8:45 am]
Exchange believes will enhance market submit written data, views, and
quality. BILLING CODE 8011–01–P
arguments concerning the foregoing,
The Exchange notes that it operates in including whether the proposed rule
a highly competitive market in which change is consistent with the Act.
market participants can readily favor SECURITIES AND EXCHANGE
Comments may be submitted by any of COMMISSION
competing venues that are not the following methods:
transparent. In such an environment, [Release No. 34–78111; File No. SR–
the Exchange must continually review, Electronic Comments BatsBZX–2016–24]
and consider adjusting its fees and • Use the Commission’s Internet
rebates to remain competitive with other Self-Regulatory Organizations; Bats
comment form (http://www.sec.gov/
exchanges as well as with alternative BZX Exchange, Inc.; Notice of Filing
rules/sro.shtml); or
and Immediate Effectiveness of a
trading systems and other venues that • Send an email to rule-comments@
are not required to comply with the Proposed Rule Change Related to Fees
sec.gov. Please include File Number SR–
statutory standards applicable to NYSE–2016–42 on the subject line. June 21, 2016.
exchanges. Because competitors are free Pursuant to Section 19(b)(1) of the
to modify their own fees and credits in Paper Comments
Securities Exchange Act of 1934 (the
response, and because market • Send paper comments in triplicate ‘‘Act’’),1 and Rule 19b–4 thereunder,2
participants may readily adjust their to Brent J. Fields, Secretary, Securities notice is hereby given that on June 8,
order routing practices, the Exchange and Exchange Commission, 100 F Street 2016, Bats BZX Exchange, Inc. (the
believes that the degree to which fee NE., Washington, DC 20549–1090. ‘‘Exchange’’ or ‘‘BZX’’) filed with the
changes in this market may impose any All submissions should refer to File Securities and Exchange Commission
burden on competition is extremely Number SR–NYSE–2016–42. This file (‘‘Commission’’) the proposed rule
limited. As a result of all of these
mstockstill on DSK3G9T082PROD with NOTICES

number should be included on the change as described in Items I, II and III
considerations, the Exchange does not subject line if email is used. To help the below, which Items have been prepared
believe that the proposed change will Commission process and review your by the Exchange. The Exchange has
impair the ability of member comments more efficiently, please use designated the proposed rule change as
organizations or competing order
execution venues to maintain their 12 15 U.S.C. 78s(b)(3)(A). 15 17 CFR 200.30–3(a)(12).
13 17 CFR 240.19b–4(f)(2). 1 15 U.S.C. 78s(b)(1).
11 15 U.S.C. 78f(b)(8). 14 15 U.S.C. 78s(b)(2)(B). 2 17 CFR 240.19b–4.

VerDate Sep<11>2014 18:52 Jun 24, 2016 Jkt 238001 PO 00000 Frm 00131 Fmt 4703 Sfmt 4703 E:\FR\FM\27JNN1.SGM 27JNN1
Federal Register / Vol. 81, No. 123 / Monday, June 27, 2016 / Notices 41641

Internet Web site (http://www.sec.gov/ 2012. On March 19, 2015, the SECURITIES AND EXCHANGE
rules/sro.shtml). Copies of the Commission’s Division of Corporation COMMISSION
submission, all subsequent Finance (‘‘Corporation Finance’’) sent a
[Release No. 34–78109; File No. SR–CHX–
amendments, all written statements delinquency letter to CPMCF requesting 2016–08]
with respect to the proposed rule compliance with its periodic filing
change that are filed with the requirements but CPMCF did not Self-Regulatory Organizations;
Commission, and all written receive the delinquency letter due to its Chicago Stock Exchange, Inc.; Notice
communications relating to the failure to maintain a valid address on of Filing and Immediate Effectiveness
proposed rule change between the file with the Commission as required by of Proposed Rule Change Regarding
Commission and any person, other than Commission rules (Rule 301 of Fingerprinting
those that may be withheld from the Regulation S–T, 17 CFR 232.301 and
public in accordance with the Section 5.4 of EDGAR Filer Manual). As June 21, 2016.
provisions of 5 U.S.C. 552, will be of June 16, 2016, the common stock of Pursuant to section 19(b)(1) of the
available for Web site viewing and CPMCF was quoted on OTC Link Securities Exchange Act of 1934
printing in the Commission’s Public operated by OTC Markets Group Inc. (‘‘Exchange Act’’ or ‘‘Act’’),1 and Rule
Reference Room, 100 F Street NE., (formerly ‘‘Pink Sheets’’) (‘‘OTC Link’’), 19b–4 2 thereunder, notice is hereby
Washington, DC 20549, on official had six market makers, and was eligible given that on June 9, 2016, the Chicago
business days between the hours of for the ‘‘piggyback’’ exception of Stock Exchange, Inc. (‘‘CHX’’ or the
10:00 a.m. and 3:00 p.m. Copies of the Exchange Act Rule 15c2–11(f)(3). ‘‘Exchange’’) filed with the Securities
filing also will be available for and Exchange Commission
inspection and copying at the principal It appears to the Commission that (‘‘Commission’’) the proposed rule
office of the Exchange. All comments there is a lack of current and accurate change as described in Items I and II
received will be posted without change; information concerning the securities of below, which Items have been prepared
the Commission does not edit personal Petaquilla Minerals Ltd. (‘‘PTQMF’’) by CHX. The Exchange filed the
identifying information from (CIK No. 947121), a British Columbia proposal as a ‘‘non-controversial’’
submissions. You should submit only corporation located in Vancouver, proposed rule change pursuant to
information that you wish to make British Columbia, Canada with a class of section 19(b)(3)(A) of the Act 3 and Rule
available publicly. All submissions securities registered with the 19b–4(f)(6) 4 thereunder. The
should refer to File Number SR- Commission pursuant to Exchange Act Commission is publishing this notice to
BatsBZX–2016–24, and should be Section 12(g) because it is delinquent in solicit comments on the proposed rule
submitted on or before July 18, 2016. its periodic filings with the change from interested persons.
For the Commission, by the Division of Commission, having not filed any
periodic reports since it filed a Form I. Self-Regulatory Organization’s
Trading and Markets, pursuant to delegated
authority.21 20–F for the period ended June 30, Statement of the Terms of Substance of
2013. On September 30, 2015, the Proposed Rule Change
Robert W. Errett,
Deputy Secretary. Corporation Finance sent a delinquency CHX proposes to amend the Rules of
[FR Doc. 2016–15075 Filed 6–24–16; 8:45 am] letter to PTQMF requesting compliance the Exchange (‘‘CHX Rules’’) to update
BILLING CODE 8011–01–P
with its periodic filing requirements but provisions regarding the fingerprinting
PTQMF did not receive the delinquency of securities industry personnel
letter due to its failure to maintain a associated with Participants.5
SECURITIES AND EXCHANGE valid address on file with the CHX has designated this proposed
COMMISSION Commission as required by Commission rule change as non-controversial
rules (Rule 301 of Regulation S–T, 17 pursuant to section 19(b)(3)(A) 6 of the
[File No. 500–1] Act and Rule 19b–4(f)(6) 7 thereunder
CFR 232.301 and Section 5.4 of EDGAR
Filer Manual). As of June 16, 2016, the and has provided the Commission with
In the Matter of Coastal Pacific Mining
common shares of PTQMF were quoted the notice required by Rule 19b–
Corp. and Petaquilla Minerals Ltd.;
on OTC Link, had six market makers, 4(f)(6)(iii).8
Order of Suspension of Trading The text of this proposed rule change
and were eligible for the ‘‘piggyback’’
June 23, 2016. exception of Exchange Act Rule 15c2– is available on the Exchange’s Web site
It appears to the Securities and 11(f)(3). at (www.chx.com) and in the
Exchange Commission (‘‘Commission’’) Commission’s Public Reference Room.
The Commission is of the opinion that
that there is a lack of current and II. Self-Regulatory Organization’s
the public interest and the protection of
accurate information concerning the Statement of the Purpose of, and
investors require a suspension of trading
securities of Coastal Pacific Mining StatutoryBasis for, the Proposed Rule
in the securities of the above-listed
Corp. (‘‘CPMCF’’ 1) (CIK No. 1410181), Change
companies. Therefore, it is ordered,
an Alberta corporation located in
pursuant to Section 12(k) of the In its filing with the Commission, the
Calgary, Alberta, Canada with a class of
securities registered with the Securities Exchange Act of 1934, that CHX included statements concerning
Commission pursuant to Securities trading in the securities of the above- the purpose of and basis for the
Exchange Act of 1934 (‘‘Exchange Act’’) listed companies is suspended for the
Section 12(g) because it is delinquent in period from 9:30 a.m. EDT on June 23, 1 15 U.S.C. 78s(b)(1).
2016, through 11:59 p.m. EDT on July 7,
mstockstill on DSK3G9T082PROD with NOTICES

2 17 CFR 240.19b–4.
its periodic filings with the
Commission, having not filed any 2016. 3 15 U.S.C. 78s(b)(3)(A).
4 17 CFR 240.19b–4(f)(6).
periodic reports since it filed a Form By the Commission. 5 A ‘‘Participant’’ is a ‘‘member’’ of the Exchange
20–F for the period ended April 30, Jill M. Peterson, for purposes of the Act. See CHX Article 1, Rule
1(s).
21 17
Assistant Secretary. 6 15 U.S.C. 78s(b)(3)(A).
CFR 200.30–3(a)(12).
1 The [FR Doc. 2016–15255 Filed 6–23–16; 4:15 pm] 7 17 CFR 240.19b–4(f)(6).
short form of each issuer’s name is also its
stock symbol. BILLING CODE 8011–01–P 8 17 CFR 240.19b–4(f)(6)(iii).

VerDate Sep<11>2014 18:52 Jun 24, 2016 Jkt 238001 PO 00000 Frm 00134 Fmt 4703 Sfmt 4703 E:\FR\FM\27JNN1.SGM 27JNN1
Document Created: 2016-06-25 02:06:51
Document Modified: 2016-06-25 02:06:51
Category		Regulatory Information
Collection		Federal Register
sudoc Class		AE 2.7: GS 4.107: AE 2.106:
Publisher		Office of the Federal Register, National Archives and Records Administration
Section		Notices
FR Citation		81 FR 41638