81 FR 45346 - Self-Regulatory Organizations; BOX Options Exchange LLC; Notice of Filing of Proposed Rule Change To Expand the Short Term Option Series Program To Allow Wednesday Expirations for SPY Options
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 81, Issue 134 (July 13, 2016)
Federal Register Volume 81, Issue 134 (July 13, 2016)
| Page Range | 45346-45348 | |
| FR Document | 2016-16484 |
[Federal Register Volume 81, Number 134 (Wednesday, July 13, 2016)] [Notices] [Pages 45346-45348] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2016-16484] ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION [Release No. 34-78243; File No. SR-BOX-2016-28] Self-Regulatory Organizations; BOX Options Exchange LLC; Notice of Filing of Proposed Rule Change To Expand the Short Term Option Series Program To Allow Wednesday Expirations for SPY Options July 7, 2016. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (``Act''),\1\ and Rule 19b-4 thereunder,\2\ notice is hereby given that on June 30, 2016, BOX Options Exchange LLC (the ``Exchange'') 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 self-regulatory organization. The Commission is publishing this notice to solicit comments on the proposed rule from interested persons. --------------------------------------------------------------------------- \1\ 15 U.S.C. 78s(b)(1). \2\ 17 CFR 240.19b-4. --------------------------------------------------------------------------- I. Self-Regulatory Organization's Statement of the Terms of Substance of the Proposed Rule Change The Exchange proposes to amend IM-5050-6 to Rule 5050 to allow the listing and trading of options with Wednesday expirations. The text of the proposed rule change is available from the principal office of the Exchange, at the Commission's Public Reference Room and also on the Exchange's Internet Web site at http://boxexchange.com. 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 self-regulatory organization 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 self-regulatory organization has prepared summaries, set forth in Sections A, B, and C below, of the most significant aspects of such statements. A. Self-Regulatory Organization's Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change 1. Purpose The Exchange proposes to expand the Short Term Option Series Program outlined in IM-5050-6 to Rule 5050 to allow the listing and trading of options with Wednesday expirations. Currently, under the Short Term Option Series Program, which was initiated in 2010,\3\ the Exchange may open for trading on any Thursday or Friday that is a business day series of options on that class that expire on each of the next five Fridays, provided that such Friday is not a Friday in which monthly options series or Quarterly Options Series expire (``Short Term Option Series''). The Exchange is now proposing to amend its rule to permit the listing of options expiring on Wednesdays. Specifically, BOX is proposing that it may open for trading on any Tuesday or Wednesday that is a business day, series of options on the SPDR S&P 500 ETF Trust (SPY) to expire on any Wednesday of the month that is a business day and is not a Wednesday in which Quarterly Options Series expire (``Wednesday SPY Expirations'').\4\ The proposed Wednesday SPY Expiration series will be similar to the current Short Term Option Series, with certain exceptions, as explained in greater detail below. The Exchange notes that having Wednesday expirations is not a novel proposal. Specifically, the Chicago Board Options Exchange, Incorporated (``CBOE'') recently received approval to list Wednesday expirations for broad-based indexes.\5\ --------------------------------------------------------------------------- \3\ See Securities Exchange Act Release No. 62505 (July 15, 2010), 75 FR 42792 (July 22, 2010) (Notice of Filing and Immediate Effectiveness of SR-BX-2010-047). \4\ See Proposed IM-5050-6(c) to Rule 5050. \5\ See Securities Exchange Act Release No. 76909 (January 14, 2016), 81 FR 3512 (January 21, 2016) (Order Approving SR-CBOE-2015- 106). --------------------------------------------------------------------------- In regards to Wednesday SPY Expirations, the Exchange is proposing to remove the current restriction preventing BOX from listing Short Term Option Series that expire in the same week in which monthly option series in the same class expire. Specifically, the Exchange will be allowed to list Wednesday SPY Expirations in the same week in which monthly option series in SPY expire. The current restriction to prohibit the expiration of monthly and Short Term Option Series from expiring on the same trading day is reasonable to avoid investor confusion. This confusion will not apply with Wednesday SPY Expirations and standard monthly options because they will not expire on the same trading day, as standard monthly options do not expire on Wednesdays. Additionally, it would lead to investor confusion if Wednesday SPY Expirations were not listed for one week every month because there was a monthly SPY expiration on the Friday of that week. Under the proposed Wednesday SPY Expirations, BOX may list up to five consecutive Wednesday SPY Expirations at one time. The Exchange may have no more than a total of five Wednesday SPY Expirations listed. This is the same listing procedure as Short Term Option Series that expire on Fridays. The Exchange is also proposing to clarify that the five series limit in the current Short Term Option Series Program Rule will not include any Wednesday SPY Expirations.\6\ This means, under the proposal, the Exchange would be allowed to list five Short Term Option Series expirations for SPY expiring on Friday under the current rule and five Wednesday SPY Expirations. The interval between strike prices for the proposed Wednesday SPY Expirations will be the same as those for the current Short Term Option Series. Specifically, the Wednesday SPY [[Page 45347]] Expirations will have $0.50 strike intervals. --------------------------------------------------------------------------- \6\ See proposed changes to IM-5050-6(a) to Rule 5050. --------------------------------------------------------------------------- Currently, for each Short Term Option Expiration Date,\7\ the Exchange is limited to opening thirty (30) series for each expiration date for the specific class. The thirty (30) series restriction does not include series that are open by other securities exchanges under their respective short term option rules; BOX may list these additional series that are listed by other exchanges.\8\ The thirty (30) series restriction shall apply to Wednesday SPY Expiration series as well. In addition, the Exchange will be able to list series that are listed by other exchanges, assuming they file similar rules with the Commission to list SPY options expiring on Wednesdays. --------------------------------------------------------------------------- \7\ BOX may open for trading on any Thursday or Friday that is a business day series of options on that class that expire on each of the next five Fridays that are business days and are not Fridays in which monthly options series or Quarterly Options Series expire (``Short Term Option Expiration Dates''). See IM-5050-6(a). \8\ See IM-5050-6(b)(1) to Rule 5050. --------------------------------------------------------------------------- As is the case with current Short Term Option Series, the Wednesday SPY Expiration series will be P.M.-settled. The Exchange does not believe that any market disruptions will be encountered with the introduction of P.M.-settled Wednesday SPY Expirations. The Exchange currently trades P.M.-settled Short Term Option Series that expire almost every Friday, which provide market participants a tool to hedge special events and to reduce the premium cost of buying protection. The Exchange seeks to introduce Wednesday SPY Expirations to, among other things, expand hedging tools available to market participants and to continue the reduction of the premium cost of buying protection. The Exchange believes that Wednesday expirations, similar to Friday expirations, would allow market participants to purchase an option based on their timing as needed and allow them to tailor their investment and hedging needs more effectively. The Exchange is also amending the definition of Short Term Option Series to make clear that it includes Wednesday expirations. Specifically, the Exchange is amending the definition to expand Short Term Option Series to those listed on any Tuesday or Wednesday and that expire on the Wednesday of the next business week. If a Tuesday or Wednesday is not a business day, the series may be opened (or shall expire) on the first business day immediately prior to that Tuesday or Wednesday. The Exchange believes that the introduction of Wednesday SPY Expirations will provide investors with a flexible and valuable tool to manage risk exposure, minimize capital outlays, and be more responsive to the timing of events affecting the industry. 2. Statutory Basis The Exchange believes that the proposal is consistent with the requirements of Section 6(b) of the Securities Exchange Act of 1934 (the ``Act''),\9\ in general, and Section 6(b)(5) of the Act,\10\ in particular, 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, 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. --------------------------------------------------------------------------- \9\ 15 U.S.C. 78f(b). \10\ 15 U.S.C. 78f(b)(5). --------------------------------------------------------------------------- In particular, the Exchange believes the Short Term Option Series Program has been successful to date and that Wednesday SPY Expirations simply expand the ability of investors to hedge risk against market movements stemming from economic releases or market events that occur throughout the month in the same way that the Short Term Option Series Program has expanded the landscape of hedging. Similarly, the Exchange believes Wednesday SPY Expirations should create greater trading and hedging opportunities and flexibility, and provide customers with the ability to more closely tailor their investment objectives. The Exchange believes that allowing Wednesday SPY Expirations and monthly SPY expirations in the same week will benefit investors and minimize investor confusion by providing Wednesday SPY Expirations in a continuous and uniform manner. Finally, the Exchange represents that it has an adequate surveillance program in place to detect manipulative trading in Wednesday SPY Expirations in the same way it monitors trading in the current Short Term Option Series. The Exchange also represents that it has the necessary systems capacity to support the new options series. 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 not necessary or appropriate in furtherance of the purposes of the Act. The Exchange notes that having Wednesday expirations is not a novel proposal.\11\ The Exchange does not believe the proposal will impose any burden on intramarket competition, as all market participants will be treated in the same manner as existing Short Term Option Series. Additionally, the Exchange does not believe the proposal will impose any burden on intermarket competition, as nothing prevents the other options exchanges from proposing similar rules to those that the Exchange is currently proposing. --------------------------------------------------------------------------- \11\ See supra, note 5. --------------------------------------------------------------------------- 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 comments on the proposed rule change. III. Date of Effectiveness of the Proposed Rule Change and Timing for Commission Actio Within 45 days of the date of publication of this notice in the Federal Register or within such longer period (i) as the Commission may designate up to 90 days of such date if it finds such longer period to be appropriate and publishes its reasons for so finding or (ii) as to which the self-regulatory organization consents, the Commission will: (A) By order approve or disapprove the proposed rule change, or (B) institute proceedings to determine whether the proposed rule change should be 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 Number SR-BOX-2016-28 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-BOX-2016-28. This file number should be included on the subject line if email is used. To help the [[Page 45348]] 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 will also 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-BOX-2016-28 and should be submitted on or before August 3, 2016. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.\12\ --------------------------------------------------------------------------- \12\ 17 CFR 200.30-3(a)(12). --------------------------------------------------------------------------- Brent J. Fields, Secretary. [FR Doc. 2016-16484 Filed 7-12-16; 8:45 am] BILLING CODE 8011-01-P
![45346 Federal Register / Vol. 81, No. 134 / Wednesday, July 13, 2016 / Notices
rules/sro.shtml). Copies of the comments on the proposed rule from Series expire (‘‘Wednesday SPY
submission, all subsequent interested persons. Expirations’’).4 The proposed
amendments, all written statements Wednesday SPY Expiration series will
I. Self-Regulatory Organization’s
with respect to the proposed rule be similar to the current Short Term
Statement of the Terms of Substance of
change that are filed with the Option Series, with certain exceptions,
the Proposed Rule Change
Commission, and all written as explained in greater detail below. The
communications relating to the The Exchange proposes to amend IM– Exchange notes that having Wednesday
proposed rule change between the 5050–6 to Rule 5050 to allow the listing expirations is not a novel proposal.
Commission and any person, other than and trading of options with Wednesday Specifically, the Chicago Board Options
those that may be withheld from the expirations. The text of the proposed Exchange, Incorporated (‘‘CBOE’’)
public in accordance with the rule change is available from the recently received approval to list
provisions of 5 U.S.C. 552, will be principal office of the Exchange, at the Wednesday expirations for broad-based
available for Web site viewing and Commission’s Public Reference Room indexes.5
printing in the Commission’s Public and also on the Exchange’s Internet Web In regards to Wednesday SPY
Reference Room, 100 F Street NE., site at http://boxexchange.com. Expirations, the Exchange is proposing
Washington, DC 20549, on official II. Self-Regulatory Organization’s to remove the current restriction
business days between the hours of preventing BOX from listing Short Term
Statement of the Purpose of, and
10:00 a.m. and 3:00 p.m. Copies of the Option Series that expire in the same
Statutory Basis for, the Proposed Rule
filing also will be available for week in which monthly option series in
Change
inspection and copying at the principal the same class expire. Specifically, the
office of the Exchange. All comments In its filing with the Commission, the Exchange will be allowed to list
received will be posted without change; self-regulatory organization included Wednesday SPY Expirations in the same
the Commission does not edit personal statements concerning the purpose of, week in which monthly option series in
identifying information from and basis for, the proposed rule change SPY expire. The current restriction to
submissions. You should submit only and discussed any comments it received prohibit the expiration of monthly and
information that you wish to make on the proposed rule change. The text Short Term Option Series from expiring
available publicly. All submissions of these statements may be examined at on the same trading day is reasonable to
should refer to File Number SR–BX– the places specified in Item IV below. avoid investor confusion. This
2016–039, and should be submitted on The self-regulatory organization has confusion will not apply with
or before August 3, 2016. prepared summaries, set forth in Wednesday SPY Expirations and
For the Commission, by the Division of Sections A, B, and C below, of the most standard monthly options because they
Trading and Markets, pursuant to delegated significant aspects of such statements. will not expire on the same trading day,
authority.45 A. Self-Regulatory Organization’s as standard monthly options do not
Brent J. Fields, Statement of the Purpose of, and expire on Wednesdays. Additionally, it
Secretary. Statutory Basis for, the Proposed Rule would lead to investor confusion if
[FR Doc. 2016–16492 Filed 7–12–16; 8:45 am] Change Wednesday SPY Expirations were not
BILLING CODE 8011–01–P listed for one week every month because
1. Purpose there was a monthly SPY expiration on
The Exchange proposes to expand the the Friday of that week.
SECURITIES AND EXCHANGE Short Term Option Series Program Under the proposed Wednesday SPY
COMMISSION outlined in IM–5050–6 to Rule 5050 to Expirations, BOX may list up to five
[Release No. 34–78243; File No. SR–BOX–
allow the listing and trading of options consecutive Wednesday SPY
2016–28] with Wednesday expirations. Expirations at one time. The Exchange
Currently, under the Short Term may have no more than a total of five
Self-Regulatory Organizations; BOX Option Series Program, which was Wednesday SPY Expirations listed. This
Options Exchange LLC; Notice of initiated in 2010,3 the Exchange may is the same listing procedure as Short
Filing of Proposed Rule Change To open for trading on any Thursday or Term Option Series that expire on
Expand the Short Term Option Series Friday that is a business day series of Fridays. The Exchange is also proposing
Program To Allow Wednesday options on that class that expire on each to clarify that the five series limit in the
Expirations for SPY Options of the next five Fridays, provided that current Short Term Option Series
such Friday is not a Friday in which Program Rule will not include any
July 7, 2016. monthly options series or Quarterly Wednesday SPY Expirations.6 This
Pursuant to Section 19(b)(1) of the Options Series expire (‘‘Short Term means, under the proposal, the
Securities Exchange Act of 1934 Option Series’’). The Exchange is now Exchange would be allowed to list five
(‘‘Act’’),1 and Rule 19b–4 thereunder,2 proposing to amend its rule to permit Short Term Option Series expirations
notice is hereby given that on June 30, the listing of options expiring on for SPY expiring on Friday under the
2016, BOX Options Exchange LLC (the Wednesdays. Specifically, BOX is current rule and five Wednesday SPY
‘‘Exchange’’) filed with the Securities proposing that it may open for trading Expirations. The interval between strike
and Exchange Commission on any Tuesday or Wednesday that is a prices for the proposed Wednesday SPY
(‘‘Commission’’) the proposed rule business day, series of options on the Expirations will be the same as those for
change as described in Items I, II, and SPDR S&P 500 ETF Trust (SPY) to the current Short Term Option Series.
jstallworth on DSK7TPTVN1PROD with NOTICES
III below, which Items have been expire on any Wednesday of the month Specifically, the Wednesday SPY
prepared by the self-regulatory that is a business day and is not a
organization. The Commission is Wednesday in which Quarterly Options 4 See Proposed IM–5050–6(c) to Rule 5050.
publishing this notice to solicit 5 See Securities Exchange Act Release No. 76909
3 See Securities Exchange Act Release No. 62505 (January 14, 2016), 81 FR 3512 (January 21, 2016)
45 17 CFR 200.30–3(a)(12). (July 15, 2010), 75 FR 42792 (July 22, 2010) (Notice (Order Approving SR–CBOE–2015–106).
1 15 U.S.C. 78s(b)(1).
of Filing and Immediate Effectiveness of SR–BX– 6 See proposed changes to IM–5050–6(a) to Rule
2 17 CFR 240.19b–4. 2010–047). 5050.
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![45348 Federal Register / Vol. 81, No. 134 / Wednesday, July 13, 2016 / Notices
Commission process and review your ‘‘Exchange’’) filed with the Securities their respective position limits, (2) the
comments more efficiently, please use and Exchange Commission liquidity of the option and the
only one method. The Commission will (‘‘Commission’’) the proposed rule underlying security, (3) the market
post all comments on the Commission’s change as described in Items I and II capitalization of the underlying security
Internet Web site (http://www.sec.gov/ below, which Items have been prepared and the related index, (4) the reporting
rules/sro.shtml). Copies of the by the self-regulatory organization. The of large positions and requirements
submission, all subsequent Commission is publishing this notice to surrounding margin, and (5) the
amendments, all written statements solicit comments on the proposed rule potential for market on close volatility.
with respect to the proposed rule change from interested persons. In the proposal to extend the SPY
change that are filed with the Pilot Program, the Exchange stated that
I. Self-Regulatory Organization’s if it were to propose an extension,
Commission, and all written
Statement of the Terms of the Substance permanent approval or termination of
communications relating to the
of the Proposed Rule Change the program, the Exchange would
proposed rule change between the
Commission and any person, other than The Exchange proposes to amend IM– submit, along with any filing proposing
those that may be withheld from the 3120–2 to Rule 3120 to extend the pilot such amendments to the program, a
public in accordance with the program that eliminated the position report providing an analysis of the SPY
provisions of 5 U.S.C. 552, will be limits for options on SPDR S&P 500 ETF Pilot Program covering the period since
available for Web site viewing and (‘‘SPY’’) (‘‘SPY Pilot Program’’). The text the previous extension (the ‘‘Pilot
printing in the Commission’s Public of the proposed rule change is available Report’’).5 Accordingly, the Exchange is
Reference Room, 100 F Street NE., from the principal office of the submitting the Pilot Report detailing the
Washington, DC 20549, on official Exchange, at the Commission’s Public Exchange’s experience with the SPY
business days between the hours of Reference Room and also on the Pilot Program. The Pilot Report is
10:00 a.m. and 3:00 p.m. Copies of such Exchange’s Internet Web site at http:// attached as Exhibit 3 to this filing. The
filing will also be available for boxexchange.com. Exchange notes that it is unaware of any
inspection and copying at the principal II. Self-Regulatory Organization’s problems created by the SPY Pilot
office of the Exchange. All comments Statement of the Purpose of, and Program and does not foresee any as a
received will be posted without change; Statutory Basis for, the Proposed Rule result of the proposed extension. In
the Commission does not edit personal Change extending the SPY Pilot Program, the
identifying information from Exchange states that if it were to
submissions. You should submit only In its filing with the Commission, the propose another extension, permanent
information that you wish to make self-regulatory organization included approval or termination of the program,
available publicly. All submissions statements concerning the purpose of, the Exchange will submit another Pilot
should refer to File Number SR–BOX– and basis for, the proposed rule change Report covering the period since the
2016–28 and should be submitted on or and discussed any comments it received previous extension, which will be
before August 3, 2016. on the proposed rule change. The text submitted at least 30 days before the
of these statements may be examined at end of the proposed extension. If the
For the Commission, by the Division of
the places specified in Item IV below. SPY Pilot Program is not extended or
Trading and Markets, pursuant to delegated
authority.12 The self-regulatory organization has adopted on a permanent basis by July
Brent J. Fields,
prepared summaries, set forth in 12, 2017, position limits in SPY will
Sections A, B, and C below, of the most revert to their Pre-Pilot levels.
Secretary.
significant aspects of such statements. Extending the SPY Pilot Program will
[FR Doc. 2016–16484 Filed 7–12–16; 8:45 am]
A. Self-Regulatory Organization’s give the Exchange and Commission
BILLING CODE 8011–01–P
Statement of the Purpose of, and additional time to evaluate the pilot and
Statutory Basis for, the Proposed Rule its effect on the market.
SECURITIES AND EXCHANGE Change 2. Statutory Basis
COMMISSION
1. Purpose The Exchange believes that the
[Release No. 34–78247; File No. SR–BOX– The Exchange proposes to amend IM– proposal is consistent with the
2016–31] requirements of Section 6(b) of the Act,
3120–2 to Rule 3120 to extend the time
period of the SPY Pilot Program,3 which in general, and Section 6(b)(5) of the
Self-Regulatory Organizations; BOX Act, in particular, in that it is designed
Options Exchange LLC; Notice of is currently scheduled to expire on July
12, 2016, through July 12, 2017.4 to prevent fraudulent and manipulative
Filing and Immediate Effectiveness of acts and practices, to promote just and
a Proposed Rule Change To Amend This filing does not propose any
substantive changes to the SPY Pilot equitable principles of trade, to remove
IM–3120–2 to Rule 3120 To Extend the impediments to and perfect the
Pilot Program That Eliminated the Program. In proposing to extend the
SPY Pilot Program, the Exchange mechanism of a free and open market
Position Limits for Options on SPDR and a national market system, and, in
S&P 500 ETF (‘‘SPY’’) (‘‘SPY Pilot reaffirms its consideration of several
factors that supported the original general, to protect investors and the
Program’’) public interest. The Exchange believes
proposal of the SPY Pilot Program,
July 7, 2016. including (1) the availability of that extending the SPY Pilot Program
Pursuant to Section 19(b)(1) of the economically equivalent products and promotes just and equitable principles
of trade by permitting market
jstallworth on DSK7TPTVN1PROD with NOTICES
Securities Exchange Act of 1934 (the
‘‘Act’’),1 and Rule 19b–4 thereunder,2 3 See Securities Exchange Act Release No. 67936 participants, including market makers,
notice is hereby given that on July 6, (September 27, 2012), 77 FR 60491 (October 3, institutional investors and retail
2012) (Notice of Filing and Immediate Effectiveness investors, to establish greater positions
2016, BOX Options Exchange LLC (the of SR–BOX–2012–013).
4 See Securities Exchange Act Release No. 75410
when pursuing their investment goals
12 17 CFR 200.30–3(a)(12). (July 9, 2015), 80 FR 41540 (July 15, 2015) (Notice and needs.
1 15 U.S.C. 78s(b)(1). of Filing and Immediate Effectiveness of SR–BOX–
2 17 CFR 240.19b–4. 2015–25). 5 Id.
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Document Created: 2016-07-13 01:44:01
Document Modified: 2016-07-13 01:44:01
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
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| Section | Notices | |
| FR Citation | 81 FR 45346 |
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