81 FR 46738 - Self-Regulatory Organizations; Bats BZX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change Related to Fees for Use of Bats BZX Exchange, Inc.
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 81, Issue 137 (July 18, 2016)
Federal Register Volume 81, Issue 137 (July 18, 2016)
| Page Range | 46738-46739 | |
| FR Document | 2016-16850 |
[Federal Register Volume 81, Number 137 (Monday, July 18, 2016)] [Notices] [Pages 46738-46739] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2016-16850] [[Page 46738]] ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION [Release No. 34-78306; File No. SR-BatsBZX-2016-33] Self-Regulatory Organizations; Bats BZX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change Related to Fees for Use of Bats BZX Exchange, Inc. July 12, 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 July 1, 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 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. --------------------------------------------------------------------------- \17\ 17 CFR 200.30-3(a)(12). \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). --------------------------------------------------------------------------- I. Self-Regulatory Organization's Statement of the Terms of Substance of the Proposed Rule Change The Exchange filed a proposal to amend its Fee Schedule to adopt a new tier under footnote 1 called the Cross-Asset Add Volume Tier. 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 The Exchange proposes to amend its Fee Schedule to adopt a new tier under footnote 1 called the Cross-Asset Add Volume Tier. Currently, with respect to the Exchange's equities trading platform (``BZX Equities'') the Exchange determines the liquidity adding rebate that it will provide to Members using the Exchange's tiered pricing structure. Under such pricing structure, a Member will receive a rebate of anywhere between $0.0020 and $0.0034 per share executed, depending on the volume tier for which such Member qualifies. Included amongst the volume tiers offered by the Exchange are various tiers for purposes of BZX Equities pricing, which require participation on the Exchange's options platform (``BZX Options'') and are generally referred to as ``Cross-Asset Tiers''. For instance, pursuant to current footnote 12 of the Fee Schedule, the Exchange offers a Cross-Asset Tape B Tier, which provides an enhanced rebate of $0.0028 [sic] per share on orders that add liquidity in Tape B securities submitted by Members with: (1) A Tape B Step-Up Add TCV \5\ from February 2015 equal to or greater than 0.06%, and (2) Options Market Maker Add TCV \6\ equal to or greater than 0.75%. --------------------------------------------------------------------------- \5\ As defined in the Exchange's Fee Schedule. \6\ Id. --------------------------------------------------------------------------- In connection with the proposed tier described below, the Exchange proposes to adopt a definition for Options Customer Add TCV that is similar to the definition of Options Market Maker Add TCV set forth on the Exchange's Fee Schedule. As proposed, ``Options Customer Add TCV'' for purposes of equities pricing would mean ``ADAV resulting from Customer orders as a percentage of TCV, using the definitions of ADAV, Customer and TCV as provided under the Exchange's fee schedule for BZX Options.'' The Exchange proposes to adopt a new tier under footnote 1 titled the ``Cross-Asset Add Volume Tier.'' Under the Cross-Asset Add Volume Tier, the Exchange is proposing to provide a rebate of $0.0028 per share to Members with: (1) An ADAV as a percentage of TCV equal to or greater than 0.15%; and (2) an Options Customer Add TCV equal to or greater than 0.10%. As is the case with any other rebates on the Fee Schedule, to the extent that a Member qualifies for higher rebates than those provided under the proposed Cross-Asset Add Volume Tier, the higher rebates shall apply. Implementation Date The Exchange proposes to implement these amendments to its Fee Schedule immediately. 2. Statutory Basis The Exchange believes that the proposed rule change is consistent with the objectives of section 6 of the Act,\7\ in general, and furthers the objectives of section 6(b)(4),\8\ 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 to direct their order flow to the Exchange. The Exchange believes that the proposed tier is equitable and non-discriminatory in 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. --------------------------------------------------------------------------- \7\ 15 U.S.C. 78f. \8\ 15 U.S.C. 78f(b)(4). --------------------------------------------------------------------------- Volume-based rebates and fees such as the proposed Cross-Asset Add Volume Tier have been widely adopted by equities and options exchanges and are equitable because they are open to all Members on an equal basis and provide additional benefits or discounts that are reasonably related to the value to an exchange's market quality associated with higher levels of market activity, such as higher levels of liquidity provision and/or growth patterns, and introduction of higher volumes of orders into the price and volume discovery processes. The Exchange believes that the proposal to add a Cross-Asset Add Volume Tier is a reasonable, fair and equitable, and not unfairly discriminatory allocation of fees and rebates because it will provide Members with an additional incentive to reach certain thresholds on both BZX Equities and BZX Options. The increased liquidity from this proposal also benefits all investors by deepening the [[Page 46739]] BZX Equities and BZX Options liquidity pools, offering additional flexibility for all investors to enjoy cost savings, supporting the quality of price discovery, promoting market transparency and improving investor protection. Such pricing programs thereby reward a Member's growth pattern on the Exchange and such increased volume increases potential revenue to the Exchange, and will allow the Exchange to continue to provide and potentially expand the incentive programs operated by the Exchange. To the extent a Member participates on the Exchange but not on BZX Options, the Exchange does believe that the proposal is still reasonable, equitably allocated and non- discriminatory with respect to such Member based on the overall benefit to the Exchange resulting from the success of BZX Options. As noted above, such success allows the Exchange to continue to provide and potentially expand its existing incentive programs to the benefit of all participants on the Exchange, whether they participate on BZX Options or not. The proposed pricing program is also fair and equitable in that membership in BZX Options is available to all market participants which would provide them with access to the benefits on BZX Options provided by the proposed changes, as described above, even where a member of BZX Options is not necessarily eligible for the proposed increased rebates on the Exchange. Further, the proposed changes will result in Members receiving either the same or an increased rebate than they would currently receive. 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. 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. The Exchange 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 structures to be unreasonable or excessive. The proposed changes are generally intended to enhance the rebates for liquidity added to the Exchange, which is intended to draw additional liquidity to the Exchange. The Exchange does not believe the proposed amendments would burden intramarket competition as they would be available to all Members uniformly. The Exchange does not believe that the proposed new Cross-Asset Add Volume Tier would burden competition, but instead, enhances competition, as it is intended to increase the competitiveness of and draw additional volume to the Exchange. 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 \9\ and paragraph (f) of Rule 19b-4 thereunder.\10\ 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. --------------------------------------------------------------------------- \9\ 15 U.S.C. 78s(b)(3)(A). \10\ 17 CFR 240.19b-4(f). --------------------------------------------------------------------------- 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-BatsBZX-2016-33 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-2016-33. This file number should be included on the subject line if email is used. To help the Commission process and review your comments more efficiently, please use only one method. The Commission will post all comments on the Commission's Internet Web site (http://www.sec.gov/rules/sro.shtml). Copies of the submission, all subsequent amendments, all written statements with respect to the proposed rule change that are filed with the Commission, and all written communications relating to the proposed rule change between the Commission and any person, other than those that may be withheld from the public in accordance with the provisions of 5 U.S.C. 552, will be available for Web site viewing and printing in the Commission's Public Reference Room, 100 F Street NE., Washington, DC 20549, on official business days between the hours of 10:00 a.m. and 3:00 p.m. Copies of the filing also will be available for inspection and copying at the principal office of the Exchange. All comments received will be posted without change; the Commission does not edit personal identifying information from submissions. You should submit only information that you wish to make available publicly. All submissions should refer to File Number SR-BatsBZX-2016-33 and should be submitted on or before August 8, 2016. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.\11\ --------------------------------------------------------------------------- \11\ 17 CFR 200.30-3(a)(12). --------------------------------------------------------------------------- Robert W. Errett, Deputy Secretary. [FR Doc. 2016-16850 Filed 7-15-16; 8:45 am] BILLING CODE 8011-01-P
![46738 Federal Register / Vol. 81, No. 137 / Monday, July 18, 2016 / Notices
SECURITIES AND EXCHANGE forth in sections A, B, and C below, of to or greater than 0.10%. As is the case
COMMISSION the most significant parts of such with any other rebates on the Fee
statements. Schedule, to the extent that a Member
[Release No. 34–78306; File No. SR–
qualifies for higher rebates than those
BatsBZX–2016–33] A. Self-Regulatory Organization’s
provided under the proposed Cross-
Statement of the Purpose of, and
Self-Regulatory Organizations; Bats Asset Add Volume Tier, the higher
Statutory Basis for, the Proposed Rule rebates shall apply.
BZX Exchange, Inc.; Notice of Filing Change
and Immediate Effectiveness of a Implementation Date
Proposed Rule Change Related to Fees 1. Purpose
The Exchange proposes to implement
for Use of Bats BZX Exchange, Inc. The Exchange proposes to amend its these amendments to its Fee Schedule
July 12, 2016.
Fee Schedule to adopt a new tier under immediately.
footnote 1 called the Cross-Asset Add
Pursuant to section 19(b)(1) of the 2. Statutory Basis
Volume Tier.
Securities Exchange Act of 1934
Currently, with respect to the The Exchange believes that the
(‘‘Act’’) 1 and Rule 19b–4 thereunder,2
Exchange’s equities trading platform proposed rule change is consistent with
notice is hereby given that, on July 1,
(‘‘BZX Equities’’) the Exchange the objectives of section 6 of the Act,7
2016, Bats BZX Exchange, Inc. (the
determines the liquidity adding rebate in general, and furthers the objectives of
‘‘Exchange’’ or ‘‘BZX’’) filed with the
that it will provide to Members using section 6(b)(4),8 in particular, as it is
Securities and Exchange Commission
the Exchange’s tiered pricing structure. designed to provide for the equitable
(‘‘Commission’’) the proposed rule
Under such pricing structure, a Member allocation of reasonable dues, fees and
change as described in Items I, II, and
will receive a rebate of anywhere other charges among its Members and
III, below, which Items have been
between $0.0020 and $0.0034 per share other persons using its facilities. The
prepared by the Exchange. The
executed, depending on the volume tier Exchange also notes that it operates in
Exchange has designated the proposed
for which such Member qualifies. a highly-competitive market in which
rule change as one establishing or
Included amongst the volume tiers market participants can readily direct
changing a member due, fee, or other
offered by the Exchange are various tiers order flow to competing venues if they
charge imposed by the Exchange under
for purposes of BZX Equities pricing, deem fee levels at a particular venue to
section 19(b)(3)(A)(ii) of the Act 3 and
which require participation on the be excessive. The proposed rule change
Rule 19b–4(f)(2) thereunder,4 which
Exchange’s options platform (‘‘BZX reflects a competitive pricing structure
renders the proposed rule change
Options’’) and are generally referred to designed to incent market participants
effective upon filing with the
as ‘‘Cross-Asset Tiers’’. For instance, to direct their order flow to the
Commission. The Commission is
pursuant to current footnote 12 of the Exchange. The Exchange believes that
publishing this notice to solicit
Fee Schedule, the Exchange offers a the proposed tier is equitable and non-
comments on the proposed rule change
Cross-Asset Tape B Tier, which discriminatory in it would apply
from interested persons.
provides an enhanced rebate of $0.0028 uniformly to all Members. The
I. Self-Regulatory Organization’s [sic] per share on orders that add Exchange believes the rates remain
Statement of the Terms of Substance of liquidity in Tape B securities submitted competitive with those charged by other
the Proposed Rule Change by Members with: (1) A Tape B Step-Up venues and, therefore, reasonable and
The Exchange filed a proposal to Add TCV 5 from February 2015 equal to equitably allocated to Members.
amend its Fee Schedule to adopt a new or greater than 0.06%, and (2) Options Volume-based rebates and fees such
tier under footnote 1 called the Cross- Market Maker Add TCV 6 equal to or as the proposed Cross-Asset Add
Asset Add Volume Tier. greater than 0.75%. Volume Tier have been widely adopted
The text of the proposed rule change In connection with the proposed tier by equities and options exchanges and
is available at the Exchange’s Web site described below, the Exchange proposes are equitable because they are open to
at www.batstrading.com, at the to adopt a definition for Options all Members on an equal basis and
principal office of the Exchange, and at Customer Add TCV that is similar to the provide additional benefits or discounts
the Commission’s Public Reference definition of Options Market Maker Add that are reasonably related to the value
Room. TCV set forth on the Exchange’s Fee to an exchange’s market quality
Schedule. As proposed, ‘‘Options associated with higher levels of market
II. Self-Regulatory Organization’s Customer Add TCV’’ for purposes of activity, such as higher levels of
Statement of the Purpose of, and equities pricing would mean ‘‘ADAV liquidity provision and/or growth
Statutory Basis for, the Proposed Rule resulting from Customer orders as a patterns, and introduction of higher
Change percentage of TCV, using the definitions volumes of orders into the price and
In its filing with the Commission, the of ADAV, Customer and TCV as volume discovery processes.
Exchange included statements provided under the Exchange’s fee The Exchange believes that the
concerning the purpose of and basis for schedule for BZX Options.’’ proposal to add a Cross-Asset Add
the proposed rule change and discussed The Exchange proposes to adopt a Volume Tier is a reasonable, fair and
any comments it received on the new tier under footnote 1 titled the equitable, and not unfairly
proposed rule change. The text of these ‘‘Cross-Asset Add Volume Tier.’’ Under discriminatory allocation of fees and
asabaliauskas on DSK3SPTVN1PROD with NOTICES
statements may be examined at the the Cross-Asset Add Volume Tier, the rebates because it will provide Members
places specified in Item IV below. The Exchange is proposing to provide a with an additional incentive to reach
Exchange has prepared summaries, set rebate of $0.0028 per share to Members certain thresholds on both BZX Equities
with: (1) An ADAV as a percentage of and BZX Options. The increased
17 17 CFR 200.30–3(a)(12). TCV equal to or greater than 0.15%; and liquidity from this proposal also
1 15 U.S.C. 78s(b)(1). (2) an Options Customer Add TCV equal benefits all investors by deepening the
2 17 CFR 240.19b–4.
3 15 U.S.C. 78s(b)(3)(A)(ii). 5 As defined in the Exchange’s Fee Schedule. 7 15 U.S.C. 78f.
4 17 CFR 240.19b–4(f)(2). 6 Id. 8 15 U.S.C. 78f(b)(4).
VerDate Sep<11>2014 17:52 Jul 15, 2016 Jkt 238001 PO 00000 Frm 00099 Fmt 4703 Sfmt 4703 E:\FR\FM\18JYN1.SGM 18JYN1](https://thefederalregister.org/doc/81_FR_46875/page/1.svg)
![Federal Register / Vol. 81, No. 137 / Monday, July 18, 2016 / Notices 46739
BZX Equities and BZX Options liquidity deem fee structures to be unreasonable All submissions should refer to File
pools, offering additional flexibility for or excessive. The proposed changes are Number SR–BatsBZX–2016–33. This file
all investors to enjoy cost savings, generally intended to enhance the number should be included on the
supporting the quality of price rebates for liquidity added to the subject line if email is used. To help the
discovery, promoting market Exchange, which is intended to draw Commission process and review your
transparency and improving investor additional liquidity to the Exchange. comments more efficiently, please use
protection. Such pricing programs The Exchange does not believe the only one method. The Commission will
thereby reward a Member’s growth proposed amendments would burden post all comments on the Commission’s
pattern on the Exchange and such intramarket competition as they would Internet Web site (http://www.sec.gov/
increased volume increases potential be available to all Members uniformly. rules/sro.shtml). Copies of the
revenue to the Exchange, and will allow The Exchange does not believe that submission, all subsequent
the Exchange to continue to provide and the proposed new Cross-Asset Add amendments, all written statements
potentially expand the incentive Volume Tier would burden competition, with respect to the proposed rule
programs operated by the Exchange. To but instead, enhances competition, as it change that are filed with the
the extent a Member participates on the is intended to increase the Commission, and all written
Exchange but not on BZX Options, the competitiveness of and draw additional communications relating to the
Exchange does believe that the proposal volume to the Exchange. proposed rule change between the
is still reasonable, equitably allocated C. Self-Regulatory Organization’s Commission and any person, other than
and non-discriminatory with respect to Statement on Comments on the those that may be withheld from the
such Member based on the overall Proposed Rule Change Received From public in accordance with the
benefit to the Exchange resulting from Members, Participants, or Others provisions of 5 U.S.C. 552, will be
the success of BZX Options. As noted available for Web site viewing and
above, such success allows the The Exchange has not solicited, and printing in the Commission’s Public
Exchange to continue to provide and does not intend to solicit, comments on Reference Room, 100 F Street NE.,
potentially expand its existing incentive this proposed rule change. The Washington, DC 20549, on official
programs to the benefit of all Exchange has not received any business days between the hours of
participants on the Exchange, whether unsolicited written comments from 10:00 a.m. and 3:00 p.m. Copies of the
they participate on BZX Options or not. Members or other interested parties. filing also will be available for
The proposed pricing program is also III. Date of Effectiveness of the inspection and copying at the principal
fair and equitable in that membership in Proposed Rule Change and Timing for office of the Exchange. All comments
BZX Options is available to all market Commission Action received will be posted without change;
participants which would provide them the Commission does not edit personal
with access to the benefits on BZX The foregoing rule change has become identifying information from
Options provided by the proposed effective pursuant to section 19(b)(3)(A) submissions. You should submit only
changes, as described above, even where of the Act 9 and paragraph (f) of Rule information that you wish to make
a member of BZX Options is not 19b–4 thereunder.10 At any time within available publicly. All submissions
necessarily eligible for the proposed 60 days of the filing of the proposed rule should refer to File Number SR–
increased rebates on the Exchange. change, the Commission summarily may BatsBZX–2016–33 and should be
Further, the proposed changes will temporarily suspend such rule change if submitted on or before August 8, 2016.
result in Members receiving either the it appears to the Commission that such
action is necessary or appropriate in the For the Commission, by the Division of
same or an increased rebate than they Trading and Markets, pursuant to delegated
would currently receive. public interest, for the protection of
authority.11
investors, or otherwise in furtherance of
B. Self-Regulatory Organization’s Robert W. Errett,
the purposes of the Act.
Statement on Burden on Competition Deputy Secretary.
IV. Solicitation of Comments [FR Doc. 2016–16850 Filed 7–15–16; 8:45 am]
The Exchange does not believe its
proposed amendment to its Fee Interested persons are invited to BILLING CODE 8011–01–P
Schedule would impose any burden on submit written data, views and
competition that is not necessary or arguments concerning the foregoing,
including whether the proposed rule SECURITIES AND EXCHANGE
appropriate in furtherance of the
change is consistent with the Act. COMMISSION
purposes of the Act. The Exchange does
not believe that the proposed change Comments may be submitted by any of [Release No. 34–78298; File No. SR–BX–
represents a significant departure from the following methods: 2016–040]
previous pricing offered by the Electronic Comments
Exchange or pricing offered by the Self-Regulatory Organizations;
• Use the Commission’s Internet NASDAQ BX, Inc.; Notice of Filing and
Exchange’s competitors. Additionally, comment form (http://www.sec.gov/
Members may opt to disfavor the Immediate Effectiveness of Proposed
rules/sro.shtml); or Rule Change Relating to Detection of
Exchange’s pricing if they believe that • Send an email to rule-comments@
alternatives offer them better value. Loss of Connection
sec.gov. Please include File Number SR–
Accordingly, the Exchange does not BatsBZX–2016–33 on the subject line. July 12, 2016.
believe that the proposed change will
asabaliauskas on DSK3SPTVN1PROD with NOTICES
Pursuant to Section 19(b)(1) of the
impair the ability of Members or Paper Comments Securities Exchange Act of 1934
competing venues to maintain their • Send paper comments in triplicate (‘‘Act’’),1 and Rule 19b–4 thereunder,2
competitive standing in the financial to Secretary, Securities and Exchange notice is hereby given that on July 8,
markets. Commission, 100 F Street NE., 2016, NASDAQ BX, Inc. (‘‘BX’’ or
The Exchange notes that it operates in Washington, DC 20549–1090.
a highly competitive market in which 11 17 CFR 200.30–3(a)(12).
market participants can readily direct 9 15 U.S.C. 78s(b)(3)(A). 1 15 U.S.C. 78s(b)(1).
order flow to competing venues if they 10 17 CFR 240.19b–4(f). 2 17 CFR 240.19b–4.
VerDate Sep<11>2014 17:52 Jul 15, 2016 Jkt 238001 PO 00000 Frm 00100 Fmt 4703 Sfmt 4703 E:\FR\FM\18JYN1.SGM 18JYN1](https://thefederalregister.org/doc/81_FR_46875/page/2.svg)
Document Created: 2016-07-16 02:28:42
Document Modified: 2016-07-16 02:28:42
| 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 46738 |
2025 Federal Register | Disclaimer | Privacy Policy
USC | CFR | eCFR