81 FR 43306 - Self-Regulatory Organizations; Bats BYX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Rule 11.24, Retail Price Improvement Program, To Extend the Pilot Period
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 81, Issue 127 (July 1, 2016)
Federal Register Volume 81, Issue 127 (July 1, 2016)
| Page Range | 43306-43308 | |
| FR Document | 2016-15717 |
[Federal Register Volume 81, Number 127 (Friday, July 1, 2016)] [Notices] [Pages 43306-43308] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2016-15717] ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION [Release No. 34-78180; File No. SR-BatsBYX-2016-15] Self-Regulatory Organizations; Bats BYX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Rule 11.24, Retail Price Improvement Program, To Extend the Pilot Period June 28, 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 23, 2016, Bats BYX Exchange, Inc. (the ``Exchange'' or ``BYX'') 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 the Substance of the Proposed Rule Change The Exchange filed a proposal to extend the pilot period for the Exchange's Retail Price Improvement (``RPI'') Program (the ``Program''), which is currently set to expire on July 31, 2016, for 12 months, to expire on July 31, 2017. 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 Statutory Basis for, the Proposed Rule Change 1. Purpose In November 2012, the Commission approved the RPI Program on a pilot basis.\5\ The Program is designed to attract retail order flow to the Exchange, and allows such order flow to receive potential price improvement. The Program is currently limited to trades occurring at prices equal to or greater than $1.00 per share. Under the Program, all Exchange Users \6\ are permitted to provide potential price improvement for Retail Orders \7\ in the form of non-displayed interest that is better than the national best bid that is a Protected Quotation (``Protected NBB'') or the national best offer that is a Protected Quotation (``Protected NBO'', and together with the Protected NBB, the ``Protected NBBO'').\8\ --------------------------------------------------------------------------- \5\ See Securities Exchange Act Release No. 68303 (November 27, 2012), 77 FR 71652 (December 3, 2012) (``RPI Approval Order'') (SR- BYX-2012-019). \6\ A ``User'' is defined in BYX Rule 1.5(cc) as any member or sponsored participant of the Exchange who is authorized to obtain access to the System. \7\ A ``Retail Order'' is defined in Rule 11.24(a)(2) as an agency order that originates from a natural person and is submitted to the Exchange by a RMO, provided that no change is made to the terms of the order with respect to price or side of market and the order does not originate from a trading algorithm or any computerized methodology. See Rule 11.24(a)(2). \8\ The term Protected Quotation is defined in BYX Rule 1.5(t) and has the same meaning as is set forth in Regulation NMS Rule 600(b)(58). The terms Protected NBB and Protected NBO are defined in BYX Rule 1.5(s). The Protected NBB is the best-priced protected bid and the Protected NBO is the best-priced protected offer. Generally, the Protected NBB and Protected NBO and the national best bid (``NBB'') and national best offer (``NBO'', together with the NBB, the ``NBBO'') will be the same. However, a market center is not required to route to the NBB or NBO if that market center is subject to an exception under Regulation NMS Rule 611(b)(1) or if such NBB or NBO is otherwise not available for an automatic execution. In such case, the Protected NBB or Protected NBO would be the best- priced protected bid or offer to which a market center must route interest pursuant to Regulation NMS Rule 611. --------------------------------------------------------------------------- [[Page 43307]] The Program was approved by the Commission on a pilot basis running one-year from the date of implementation.\9\ The Commission approved the Program on November 27, 2012.\10\ The Exchange implemented the Program on January 11, 2013, and has extended the pilot period three times.\11\ The pilot period for the Program is scheduled to end on July 31, 2016. --------------------------------------------------------------------------- \9\ See RPI Approval Order, supra note 5 at 71652. \10\ Id. \11\ See Securities Exchange Act Release Nos. 71249 (January 7, 2014), 79 FR 2229 (January 13, 2014) (SR-BYX-2014-001) (Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Extend the Pilot Period for the Retail Price Improvement Program); 74111 (January 22, 2015), 80 FR 4598 (January 28, 2015) (SR-BYX- 2015-05) (Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Extend the Pilot Period for BATS Y-Exchange, Inc.'s Retail Price Improvement (``RPI'') Program for 12 Months, To Expire on January 31, 2016); 76965 (January 22, 2016), 81 FR 4682 (January 27, 2016) (SR-BYX-2016-01) (Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Rule 11.24, Retail Price Improvement Program, To Extend the Pilot Period). --------------------------------------------------------------------------- Proposal To Extend the Operation of the Program The Exchange established the RPI Program in an attempt to attract retail order flow to the Exchange by potentially providing price improvement to such order flow. The Exchange believes that the Program promotes competition for retail order flow by allowing Exchange members to submit Retail Price Improvement Orders (``RPI Orders'') \12\ to interact with Retail Orders. Such competition has the ability to promote efficiency by facilitating the price discovery process and generating additional investor interest in trading securities, thereby promoting capital formation. The Exchange believes that extending the pilot is appropriate because it will allow the Exchange and the Commission additional time to gather and analyze data regarding the Program that the Exchange has committed to provide.\13\ As such, the Exchange believes that it is appropriate to extend the current operation of the Program.\14\ Through this filing, the Exchange seeks to extend the current pilot period of the Program until July 31, 2017. --------------------------------------------------------------------------- \12\ A ``Retail Price Improvement Order'' is defined in Rule 11.24(a)(3) as an order that consists of non-displayed interest on the Exchange that is priced better than the Protected NBB or Protected NBO by at least $0.001 and that is identified as such. See Rule 11.24(a)(3). \13\ See RPI Approval Order, supra note 5 at 71655. \14\ Concurrently with this filing, the Exchange has submitted a request for an extension of the exemption under Regulation NMS Rule 612 previously granted by the Commission that permits it to accept and rank the RPI orders in sub-penny increments. See Letter from Anders Franzon, SVP, Associate General Counsel, Bats BYX Exchange, Inc. to Brent J. Fields, Secretary, Securities and Exchange Commission dated June 23, 2016. --------------------------------------------------------------------------- 2. Statutory Basis The Exchange believes that its proposal is consistent with the requirements of the Act and the rules and regulations thereunder that are applicable to a national securities exchange, and, in particular, with the requirements of Section 6(b) of the Act.\15\ In particular, the Exchange believes the proposed change furthers the objectives of Section 6(b)(5) of the Act,\16\ in that it is designed to prevent fraudulent and manipulative acts and practices, to promote just and equitable principles of trade, to foster cooperation and coordination with persons engaged in facilitating transactions in securities, and to remove impediments to and perfect the mechanism of a free and open market and a national market system. The Exchange believes that extending the pilot period for the RPI Program is consistent with these principles because the Program is reasonably designed to attract retail order flow to the exchange environment, while helping to ensure that retail investors benefit from the better price that liquidity providers are willing to give their orders. Additionally, as previously stated, the competition promoted by the Program may facilitate the price discovery process and potentially generate additional investor interest in trading securities. The extension of the pilot period will allow the Commission and the Exchange to continue to monitor the Program for its potential effects on public price discovery, and on the broader market structure. --------------------------------------------------------------------------- \15\ 15 U.S.C. 78f(b). \16\ 15 U.S.C. 78f(b)(5). --------------------------------------------------------------------------- B. Self-Regulatory Organization's Statement on Burden on Competition The Exchange does not believe that the proposed rule change will impose any burden on competition that is not necessary or appropriate in furtherance of the purposes of the Act. The proposed rule change extends an established pilot program for 12 months, thus allowing the RPI Program to enhance competition for retail order flow and contribute to the public price discovery process. 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 written comments from Members or other interested parties. III. Date of Effectiveness of the Proposed Rule Change and Timing for Commission Action The Exchange has filed the proposed rule change pursuant to Section 19(b)(3)(A) of the Act \17\ and Rule 19b-4(f)(6) \18\ thereunder. Because the foregoing 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 \19\ and subparagraph (f)(6) of Rule 19b-4 thereunder.\20\ --------------------------------------------------------------------------- \17\ 15 U.S.C. 78s(b)(3)(A). \18\ 17 CFR 240.19b-4(f)(6). In addition, Rule 19b-4(f)(6)(iii) requires the Exchange to give the Commission written notice of the Exchange's intent to file the proposed rule change, along with a brief description and 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. The Exchange has satisfied this requirement. \19\ 15 U.S.C. 78s(b)(3)(A). \20\ 17 CFR 240.19b-4(f)(6). --------------------------------------------------------------------------- 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: (i) Necessary or appropriate in the public interest; (ii) for the protection of investors; or (iii) otherwise in furtherance of the purposes of the Act.\21\ If the Commission takes such action, the Commission shall institute proceedings to determine whether the proposed rule change should be approved or disapproved.\22\ --------------------------------------------------------------------------- \21\ 15 U.S.C. 78s(b)(3)(C). \22\ Id. --------------------------------------------------------------------------- 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 Number SR-BatsBYX-2016-15 on the subject line. [[Page 43308]] 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-BatsBYX-2016-15. 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 such 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-BatsBYX-2016-15, and should be submitted on or before July 22, 2016. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.\23\ --------------------------------------------------------------------------- \23\ 17 CFR 200.30-3(a)(12). --------------------------------------------------------------------------- Robert W. Errett, Deputy Secretary. [FR Doc. 2016-15717 Filed 6-30-16; 8:45 am] BILLING CODE 8011-01-P
![43306 Federal Register / Vol. 81, No. 127 / Friday, July 1, 2016 / Notices
17. The Adviser will prepare and For the Commission, by the Division of II. Self-Regulatory Organization’s
submit to the Board for review an initial Investment Management, under delegated Statement of the Purpose of, and
report describing the operations of the authority. Statutory Basis for, the Proposed Rule
InterFund Program and the procedures Robert W. Errett, Change
to be implemented to ensure that all Deputy Secretary. In its filing with the Commission, the
Funds are treated fairly. After the [FR Doc. 2016–15584 Filed 6–30–16; 8:45 am] Exchange included statements
commencement of the InterFund
BILLING CODE 8011–01–P concerning the purpose of and basis for
Program, the Adviser will report on the
the proposed rule change and discussed
operations of the InterFund Program at
any comments it received on the
the Board’s quarterly meetings. Each SECURITIES AND EXCHANGE proposed rule change. The text of these
Fund’s chief compliance officer, as
COMMISSION statements may be examined at the
defined in rule 38a–1(a)(4) under the
places specified in Item IV below. The
Act, shall prepare an annual report for
[Release No. 34–78180; File No. SR– Exchange has prepared summaries, set
the Board each year that the Fund
BatsBYX–2016–15] forth in Sections A, B, and C below, of
participates in the InterFund Program,
the most significant parts of such
that evaluates the Fund’s compliance
Self-Regulatory Organizations; Bats statements.
with the terms and conditions of the
application and the procedures BYX Exchange, Inc.; Notice of Filing A. Self-Regulatory Organization’s
established to achieve such compliance. and Immediate Effectiveness of a Statement of the Purpose of, and
Each Fund’s chief compliance officer Proposed Rule Change to Rule 11.24, Statutory Basis for, the Proposed Rule
will also annually file a certification Retail Price Improvement Program, To Change
pursuant to Item 77Q3 of Form N–SAR Extend the Pilot Period
1. Purpose
as such Form may be revised, amended June 28, 2016.
or superseded from time to time, for In November 2012, the Commission
each year that the Fund participates in Pursuant to Section 19(b)(1) of the approved the RPI Program on a pilot
the InterFund Program, that certifies Securities Exchange Act of 1934 (the basis.5 The Program is designed to
that the Fund and its Adviser have ‘‘Act’’),1 and Rule 19b–4 thereunder,2 attract retail order flow to the Exchange,
implemented procedures reasonably notice is hereby given that on June 23, and allows such order flow to receive
designed to achieve compliance with 2016, Bats BYX Exchange, Inc. (the potential price improvement. The
the terms and conditions of the order. In ‘‘Exchange’’ or ‘‘BYX’’) filed with the Program is currently limited to trades
particular, such certification will Securities and Exchange Commission occurring at prices equal to or greater
address procedures designed to achieve (‘‘Commission’’) the proposed rule than $1.00 per share. Under the
the following objectives: change as described in Items I and II Program, all Exchange Users 6 are
(a) That the InterFund Loan Rate will below, which Items have been prepared permitted to provide potential price
be higher than the Repo Rate but lower by the Exchange. The Exchange has improvement for Retail Orders 7 in the
than the Bank Loan Rate; designated this proposal as a ‘‘non- form of non-displayed interest that is
(b) compliance with the collateral controversial’’ proposed rule change better than the national best bid that is
requirements as set forth in the pursuant to Section 19(b)(3)(A) of the a Protected Quotation (‘‘Protected
application; Act 3 and Rule 19b–4(f)(6)(iii) NBB’’) or the national best offer that is
(c) compliance with the percentage a Protected Quotation (‘‘Protected
thereunder,4 which renders it effective
limitations on interfund borrowing and NBO’’, and together with the Protected
upon filing with the Commission. The
lending; NBB, the ‘‘Protected NBBO’’).8
Commission is publishing this notice to
(d) allocation of interfund borrowing
solicit comments on the proposed rule 5 See Securities Exchange Act Release No. 68303
and lending demand in an equitable
change from interested persons. (November 27, 2012), 77 FR 71652 (December 3,
manner and in accordance with 2012) (‘‘RPI Approval Order’’) (SR–BYX–2012–019).
procedures established by the Board; I. Self-Regulatory Organization’s 6 A ‘‘User’’ is defined in BYX Rule 1.5(cc) as any
and Statement of the Terms of the Substance member or sponsored participant of the Exchange
(e) that the InterFund Loan Rate does of the Proposed Rule Change who is authorized to obtain access to the System.
7 A ‘‘Retail Order’’ is defined in Rule 11.24(a)(2)
not exceed the interest rate on any third
The Exchange filed a proposal to as an agency order that originates from a natural
party borrowings of a borrowing Fund at person and is submitted to the Exchange by a RMO,
the time of the InterFund Loan. extend the pilot period for the provided that no change is made to the terms of the
Additionally, each Fund’s Exchange’s Retail Price Improvement order with respect to price or side of market and
independent public accountants, in (‘‘RPI’’) Program (the ‘‘Program’’), which the order does not originate from a trading
algorithm or any computerized methodology. See
connection with their audit examination is currently set to expire on July 31, Rule 11.24(a)(2).
of the Fund, will review the operation 2016, for 12 months, to expire on July 8 The term Protected Quotation is defined in BYX
of the InterFund Program for 31, 2017. Rule 1.5(t) and has the same meaning as is set forth
compliance with the conditions of the in Regulation NMS Rule 600(b)(58). The terms
The text of the proposed rule change Protected NBB and Protected NBO are defined in
application and their review will form is available at the Exchange’s Web site BYX Rule 1.5(s). The Protected NBB is the best-
the basis, in part, of the auditor’s report priced protected bid and the Protected NBO is the
at www.batstrading.com, at the
on internal accounting controls in Form
asabaliauskas on DSK3SPTVN1PROD with NOTICES
best-priced protected offer. Generally, the Protected
principal office of the Exchange, and at NBB and Protected NBO and the national best bid
N–SAR.
the Commission’s Public Reference (‘‘NBB’’) and national best offer (‘‘NBO’’, together
18. No Fund will participate in the with the NBB, the ‘‘NBBO’’) will be the same.
InterFund Program, upon receipt of Room.
However, a market center is not required to route
requisite regulatory approval, unless it to the NBB or NBO if that market center is subject
has fully disclosed in its prospectus 1 15 U.S.C. 78s(b)(1). to an exception under Regulation NMS Rule
611(b)(1) or if such NBB or NBO is otherwise not
and/or statement of additional 2 17 CFR 240.19b–4.
available for an automatic execution. In such case,
information all material facts about its 3 15 U.S.C. 78s(b)(3)(A).
the Protected NBB or Protected NBO would be the
intended participation. 4 17 CFR 240.19b–4(f)(6)(iii). best-priced protected bid or offer to which a market
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![43308 Federal Register / Vol. 81, No. 127 / Friday, July 1, 2016 / Notices
Paper Comments SECURITIES AND EXCHANGE II. Self-Regulatory Organization’s
COMMISSION Statement of the Purpose of, and
• Send paper comments in triplicate Statutory Basis for, the Proposed Rule
to Secretary, Securities and Exchange Change
[Release No. 34–78177; File No. SR–CBOE–
Commission, 100 F Street NE.,
2016–049] In its filing with the Commission, the
Washington, DC 20549–1090.
Exchange included statements
All submissions should refer to File Self-Regulatory Organizations;
concerning the purpose of and basis for
Number SR–BatsBYX–2016–15. This Chicago Board Options Exchange,
the proposed rule change and discussed
file number should be included on the Incorporated; Notice of Filing of a
any comments it received on the
subject line if email is used. To help the Proposed Rule Change To List Options
proposed rule change. The text of these
Commission process and review your That Overlie the FTSE Developed statements may be examined at the
comments more efficiently, please use Europe Index and the FTSE Emerging places specified in Item IV below. The
only one method. The Commission will Index, To Raise the Comprehensive Exchange has prepared summaries, set
post all comments on the Commission’s Surveillance Agreement Percentage forth in sections A, B, and C below, of
Internet Web site (http://www.sec.gov/ Applicable to Certain Index Options, the most significant aspects of such
rules/sro.shtml). Copies of the and To Amend the Maintenance Listing statements.
submission, all subsequent Criteria Applicable to Certain Index
amendments, all written statements Options A. Self-Regulatory Organization’s
with respect to the proposed rule Statement of the Purpose of, and
June 28, 2016. Statutory Basis for, the Proposed Rule
change that are filed with the
Pursuant to Section 19(b)(1) of the Change
Commission, and all written
communications relating to the Securities Exchange Act of 1934 (the 1. Purpose
proposed rule change between the ‘‘Act’’),1 and Rule 19b–4 thereunder,2
Commission and any person, other than notice is hereby given that on June 15, The purpose of this proposed rule
those that may be withheld from the 2016, Chicago Board Options Exchange, change is to permit the Exchange to list
public in accordance with the Incorporated (‘‘Exchange’’ or ‘‘CBOE’’) and trade FTSE Developed options and
provisions of 5 U.S.C. 552, will be filed with the Securities and Exchange FTSE Emerging options, amend Rule
available for Web site viewing and Commission (‘‘Commission’’) the 24.2.01(a)(7) to raise the comprehensive
printing in the Commission’s Public proposed rule change as described in surveillance agreement (‘‘CSA’’)
Items I, II, and III below, which Items percentage applicable to EAFE options
Reference Room, 100 F Street NE.,
have been prepared by the Exchange. and EM options,3 and amend Rules
Washington, DC 20549 on official
The Commission is publishing this 24.2.01(b)(1), 24.2.02(b)(1), and
business days between the hours of
notice to solicit comments on the 24.2.03(b)(1) to modify the maintenance
10:00 a.m. and 3:00 p.m. Copies of such
proposed rule change from interested listing criteria applicable to EAFE
filing also will be available for options, EM options, FTSE 100
inspection and copying at the principal persons.
options,4 and FTSE China 50 options.5
office of the Exchange. All comments I. Self-Regulatory Organization’s FTSE Developed and FTSE Emerging
received will be posted without change; Statement of the Terms of Substance of options would be P.M., cash-settled
the Commission does not edit personal the Proposed Rule Change contracts with European-style exercise.
identifying information from
submissions. You should submit only The Exchanges seeks to list and trade FTSE Developed Europe Index Design,
information that you wish to make options that overlie the FTSE Developed Methodology and Dissemination
available publicly. All submissions Europe Index and the FTSE Emerging
Index (‘‘FTSE Developed options’’ and The FTSE Developed Europe Index is
should refer to File Number SR– a weighted index representing the
BatsBYX–2016–15, and should be ‘‘FTSE Emerging options’’), raise the
comprehensive surveillance agreement performance of large- and mid-cap
submitted on or before July 22, 2016. companies in Developed European
percentage applicable to options that
For the Commission, by the Division of overlie the MSCI EAFE Index and the markets. The index is comprised of over
Trading and Markets, pursuant to delegated MSCI Emerging Markets Index (‘‘EAFE 500 securities from the following 15
authority.23 options’’ and ‘‘EM options’’), and amend countries: Austria, Belgium &
Robert W. Errett, the maintenance listing criteria Luxembourg, Denmark, Finland, France,
Deputy Secretary. applicable to EAFE options, EM options, Germany, Ireland, Italy, Netherlands,
[FR Doc. 2016–15717 Filed 6–30–16; 8:45 am] FTSE 100 Index options (‘‘FTSE 100
3 The Securities and Exchange Commission (the
BILLING CODE 8011–01–P options’’), and FTSE China 50 Index
‘‘Commission) approved CBOE’s proposal to list
options (‘‘FTSE China 50 options’’). The and trade EAFE and EM options on April 8, 2015.
text of the proposed rule change is See Securities Exchange Act Release No. 74681
provided in Exhibit 5. (April 8, 2015), 80 FR 20032 (April 14, 2015)
(approving SR–CBOE–2015–023).
The text of the proposed rule change 4 The Securities and Exchange Commission (the
is available on the Exchange’s Web site ‘‘Commission) approved CBOE’s proposal to list
asabaliauskas on DSK3SPTVN1PROD with NOTICES
(http://www.cboe.com/AboutCBOE/ and trade FTSE 100 options on December 11, 2015.
See Securities Exchange Act Release No. 76626
CBOELegalRegulatoryHome.aspx), at (December 11, 2015), 80 FR 78794 (December 17,
the Exchange’s Office of the Secretary, 2015) (approving SR–CBOE–2015–100).
and at the Commission’s Public 5 The Securities and Exchange Commission (the
Reference Room. ‘‘Commission) approved CBOE’s proposal to list
and trade FTSE China 50 options on December 17,
2015. See Securities Exchange Act Release No.
1 15 U.S.C. 78s(b)(1). 76676 (December 17, 2015), 80 FR 79963 (December
23 17 CFR 200.30–3(a)(12). 2 17 CFR 240.19b–4. 23, 2015) (approving SR–CBOE–2015–099).
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Document Created: 2016-07-14 11:37:49
Document Modified: 2016-07-14 11:37:49
| Category | Regulatory Information | |
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