81 FR 60765 - Self-Regulatory Organizations; International Securities Exchange, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Expand the Short Term Option Series Program
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 81, Issue 171 (September 2, 2016)
Federal Register Volume 81, Issue 171 (September 2, 2016)
| Page Range | 60765-60767 | |
| FR Document | 2016-21132 |
[Federal Register Volume 81, Number 171 (Friday, September 2, 2016)] [Notices] [Pages 60765-60767] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2016-21132] ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION [Release No. 34-78715; File No. SR-ISE-2016-18] Self-Regulatory Organizations; International Securities Exchange, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Expand the Short Term Option Series Program August 29, 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 August 26, 2016, the International Securities Exchange, LLC (``Exchange'') filed with the Securities and Exchange Commission (``SEC'' or ``Commission'') the proposed rule change as described in Items I and II, below, which Items have been prepared by the Exchange. 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. --------------------------------------------------------------------------- I. Self-Regulatory Organization's Statement of the Terms of Substance of the Proposed Rule Change The Exchange proposes to expand the Short Term Option Series Program to allow Wednesday expirations for SPY options. The text of the proposed rule change is available on the Exchange's Web site at www.ise.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 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 amend ISE Rule 100 and 504 at Supplementary Material .02 to expand the Short Term Option Series Program to permit the listing and trading of options with Wednesday expirations. The Exchange also proposes to amend the definition of Short Term Options Series in Rule 100(47) to conform the rule text to include Thursday, which is currently included in the Short Terms Options Series Program at Rule 504 at Supplementary Material .02. Currently, under the Short Term Option Series Program, 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 consecutive 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, the Exchange 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'') \3\ 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, BOX recently received approval to list Wednesday SPY expirations for SPY options.\4\ --------------------------------------------------------------------------- \3\ See ISE Rule 504 at Supplementary Material .02. \4\ See Securities Exchange Act Release No. 78668 (SR-BOX-2016- 28) (pending publication in the Federal Register). --------------------------------------------------------------------------- In regards to Wednesday SPY Expirations, the Exchange is proposing to remove the current restriction preventing the Exchange 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, the Exchange 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.\5\ 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 Expirations will have $0.50 strike intervals. --------------------------------------------------------------------------- \5\ ISE 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 ISE Rule 504 at Supplementary Material .02. --------------------------------------------------------------------------- Currently, for each Short Term Option Expiration Date, 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; the Exchange may list these additional series that are listed by other exchanges.\6\ 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. --------------------------------------------------------------------------- \6\ See ISE Rule 504 at Supplementary Material .02. --------------------------------------------------------------------------- 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 [[Page 60766]] 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 and Thursday.\7\ With this proposal, the Exchange is amending the definition at ISE Rule 100(a)(47) to expand Short Term Option Series to add Thursday. Specifically, the Exchange is amending the definition to expand Short Term Option Series to those listed on any Tuesday, Wednesday or Thursday and that expire on the Wednesday of the next business week. If a Tuesday, Wednesday or Thursday is not a business day, the series may be opened (or shall expire) on the first business day immediately prior to that Tuesday, Wednesday or Thursday. The Exchange believes that the introduction of Wednesday SPY Expirations and conforming the definition at Rule 100 to match Rule 504 at Supplementary Material .02 to specifically add Thursday, 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 and would clarify the definition. The proposed amendment to add Thursday to ISE Rule 100(a)(47), which is currently included in the Short Terms Options Series Program at Rule 504 at Supplementary Material .02, is a non-substantive, non-controversial rule change. --------------------------------------------------------------------------- \7\ The Exchange is taking the opportunity to add Thursday to Rule 100 to conform that language to Rule 504 at Supplementary Material .02. The Exchange inadvertently did not update Rule 100 previously to include Thursday. --------------------------------------------------------------------------- 2. Statutory Basis The Exchange believes that its proposal is consistent with section 6(b) of the Act,\8\ in general, and furthers the objectives of section 6(b)(5) of the Act,\9\ in particular, in that it is designed to promote just and equitable principles of trade, to foster cooperation and coordination with persons engaged in facilitating transactions in securities, to remove impediments to and perfect the mechanism of a free and open market and a national market system, and, in general to protect investors and the public interest. --------------------------------------------------------------------------- \8\ 15 U.S.C. 78f(b). \9\ 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. Also, the Exchange notes that BOX Options Exchange LLC (``BOX'') recently received approval to list Wednesday expirations for SPY options.\10\ --------------------------------------------------------------------------- \10\ See supra, note 4. --------------------------------------------------------------------------- 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, BOX has received approval to list Wednesday expirations for SPY options.\11\ The Exchange does not believe the proposal will impose any burden on intra- market competition, as all market participants will be treated in the same manner. Additionally, the Exchange does not believe the proposal will impose any burden on inter-market competition, as nothing prevents the other options exchanges from proposing similar rules. The proposed amendment to add Thursday to ISE Rule 100(a)(47), which is currently included in the Short Terms Options Series Program at Rule 504 at Supplementary Material .02, is a non-substantive, non-controversial rule change. --------------------------------------------------------------------------- \11\ See supra, note 4. --------------------------------------------------------------------------- C. Self-Regulatory Organization's Statement on Comments on the Proposed Rule Change Received From Members, Participants, or Others No written comments were either solicited or received. III. Date of Effectiveness of the Proposed Rule Change and Timing for Commission Action 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, the proposed rule change has become effective pursuant to section 19(b)(3)(A) of the Act \12\ and Rule 19b-4(f)(6) thereunder.\13\ --------------------------------------------------------------------------- \12\ 15 U.S.C. 78s(b)(3)(A). \13\ 17 CFR 240.19b-4(f)(6). In addition, Rule 19b-4(f)(6) requires a self-regulatory organization to give the Commission written notice of its intention to file 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. --------------------------------------------------------------------------- A proposed rule change filed under Rule 19b-4(f)(6) normally does not become operative for 30 days from the date of filing. However, Rule 19b-4(f)(6)(iii) \14\ permits the Commission to designate a shorter time if such action is consistent with the protection of investors and the public interest. The Exchange has asked the Commission to waive the 30-day operative delay so that the proposal may become operative immediately upon filing. The Commission notes that it recently approved BOX's substantially similar proposal to list and trade Wednesday SPY Expirations.\15\ The Exchange has stated that waiver of the operative delay will allow the Exchange to list and trade Wednesday SPY Expirations as soon as possible, and therefore, promote competition among the option exchanges. For these reasons, the Commission believes that the proposed rule change presents no novel issues and that waiver of the 30-day operative [[Page 60767]] delay is consistent with the protection of investors and the public interest, and will allow the Exchange to remain competitive with other exchanges. Therefore, the Commission hereby waives the 30-day operative delay and designates the proposal effective upon filing.\16\ At any time within 60 days of the filing of the proposed rule change, the Commission summarily may temporarily suspend such rule change if it appears to the Commission that such action is necessary or appropriate in the public interest, for the protection of investors, or otherwise in furtherance of the purposes of the Act. If the Commission takes such action, the Commission shall institute proceedings to determine whether the proposed rule should be approved or disapproved. --------------------------------------------------------------------------- \14\ 17 CFR 240.19b-4(f)(6)(iii). \15\ See supra note 4. \16\ For purposes only of waiving the 30-day operative delay, the Commission has also considered the proposed rule's impact on efficiency, competition, and capital formation. See 15 U.S.C. 78c(f). --------------------------------------------------------------------------- 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-ISE-2016-18 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-ISE-2016-18. 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-ISE-2016-18 and should be submitted on or before September 23, 2016. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.\17\ --------------------------------------------------------------------------- \17\ 17 CFR 200.30-3(a)(12). --------------------------------------------------------------------------- Robert W. Errett, Deputy Secretary. [FR Doc. 2016-21132 Filed 9-1-16; 8:45 am] BILLING CODE 8011-01-P
![Federal Register / Vol. 81, No. 171 / Friday, September 2, 2016 / Notices 60765
By the Commission. A. Self-Regulatory Organization’s trading day is reasonable to avoid
Jill M. Peterson, Statement of the Purpose of, and investor confusion. This confusion will
Assistant Secretary. Statutory Basis for, the Proposed Rule not apply with Wednesday SPY
[FR Doc. 2016–21301 Filed 8–31–16; 4:15 pm] Change Expirations and standard monthly
options because they will not expire on
BILLING CODE 8011–01–P 1. Purpose
the same trading day, as standard
The Exchange proposes to amend ISE monthly options do not expire on
SECURITIES AND EXCHANGE Rule 100 and 504 at Supplementary Wednesdays. Additionally, it would
COMMISSION Material .02 to expand the Short Term lead to investor confusion if Wednesday
Option Series Program to permit the SPY Expirations were not listed for one
[Release No. 34–78715; File No. SR–ISE– listing and trading of options with week every month because there was a
2016–18] Wednesday expirations. The Exchange monthly SPY expiration on the Friday
also proposes to amend the definition of of that week.
Self-Regulatory Organizations; Short Term Options Series in Rule Under the proposed Wednesday SPY
International Securities Exchange, 100(47) to conform the rule text to Expirations, the Exchange may list up to
LLC; Notice of Filing and Immediate include Thursday, which is currently five consecutive Wednesday SPY
Effectiveness of Proposed Rule included in the Short Terms Options Expirations at one time. The Exchange
Change To Expand the Short Term Series Program at Rule 504 at may have no more than a total of five
Option Series Program Supplementary Material .02. Wednesday SPY Expirations listed. This
Currently, under the Short Term is the same listing procedure as Short
August 29, 2016.
Option Series Program, the Exchange Term Option Series that expire on
Pursuant to section 19(b)(1) of the may open for trading on any Thursday Fridays. The Exchange is also proposing
Securities Exchange Act of 1934 or Friday that is a business day series to clarify that the five series limit in the
(‘‘Act’’),1 and Rule 19b–4 thereunder,2 of options on that class that expire on current Short Term Option Series
notice is hereby given that on August each of the next five consecutive Program Rule will not include any
26, 2016, the International Securities Fridays, provided that such Friday is Wednesday SPY Expirations.5 This
Exchange, LLC (‘‘Exchange’’) filed with not a Friday in which monthly options means, under the proposal, the
the Securities and Exchange series or Quarterly Options Series expire Exchange would be allowed to list five
Commission (‘‘SEC’’ or ‘‘Commission’’) (‘‘Short Term Option Series’’). The Short Term Option Series expirations
the proposed rule change as described Exchange is now proposing to amend its for SPY expiring on Friday under the
in Items I and II, below, which Items rule to permit the listing of options current rule and five Wednesday SPY
have been prepared by the Exchange. expiring on Wednesdays. Specifically, Expirations. The interval between strike
The Commission is publishing this the Exchange is proposing that it may prices for the proposed Wednesday SPY
notice to solicit comments on the open for trading on any Tuesday or Expirations will be the same as those for
proposed rule change from interested Wednesday that is a business day, series the current Short Term Option Series.
persons. of options on the SPDR S&P 500 ETF Specifically, the Wednesday SPY
I. Self-Regulatory Organization’s Trust (SPY) to expire on any Wednesday Expirations will have $0.50 strike
Statement of the Terms of Substance of of the month that is a business day and intervals.
the Proposed Rule Change is not a Wednesday in which Quarterly Currently, for each Short Term Option
Options Series expire (‘‘Wednesday SPY Expiration Date, the Exchange is limited
The Exchange proposes to expand the
Expirations’’) 3 The proposed to opening thirty (30) series for each
Short Term Option Series Program to
Wednesday SPY Expiration series will expiration date for the specific class.
allow Wednesday expirations for SPY
be similar to the current Short Term The thirty (30) series restriction does
options.
Option Series, with certain exceptions, not include series that are open by other
The text of the proposed rule change
as explained in greater detail below. The securities exchanges under their
is available on the Exchange’s Web site
Exchange notes that having Wednesday respective short term option rules; the
at www.ise.com, at the principal office
expirations is not a novel proposal. Exchange may list these additional
of the Exchange, and at the
Specifically, BOX recently received series that are listed by other
Commission’s Public Reference Room.
approval to list Wednesday SPY exchanges.6 The thirty (30) series
II. Self-Regulatory Organization’s expirations for SPY options.4 restriction shall apply to Wednesday
Statement of the Purpose of, and In regards to Wednesday SPY SPY Expiration series as well. In
Statutory Basis for, the Proposed Rule Expirations, the Exchange is proposing addition, the Exchange will be able to
Change to remove the current restriction list series that are listed by other
In its filing with the Commission, the preventing the Exchange from listing exchanges, assuming they file similar
Exchange included statements Short Term Option Series that expire in rules with the Commission to list SPY
concerning the purpose of and basis for the same week in which monthly option options expiring on Wednesdays.
the proposed rule change and discussed series in the same class expire. As is the case with current Short
any comments it received on the Specifically, the Exchange will be Term Option Series, the Wednesday
proposed rule change. The text of these allowed to list Wednesday SPY SPY Expiration series will be P.M.-
statements may be examined at the Expirations in the same week in which settled. The Exchange does not believe
places specified in Item IV below. The monthly option series in SPY expire.
mstockstill on DSK3G9T082PROD with NOTICES
Exchange has prepared summaries, set The current restriction to prohibit the 5 ISE may open for trading on any Thursday or
expiration of monthly and Short Term Friday that is a business day series of options on
forth in sections A, B, and C below, of that class that expire on each of the next five
the most significant aspects of such Option Series from expiring on the same Fridays that are business days and are not Fridays
statements. in which monthly options series or Quarterly
3 SeeISE Rule 504 at Supplementary Material .02. Options Series expire (‘‘Short Term Option
4 SeeSecurities Exchange Act Release No. 78668 Expiration Dates’’). See ISE Rule 504 at
1 15 U.S.C. 78s(b)(1). Supplementary Material .02.
(SR–BOX–2016–28) (pending publication in the
2 17 CFR 240.19b–4. Federal Register). 6 See ISE Rule 504 at Supplementary Material .02.
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![Federal Register / Vol. 81, No. 171 / Friday, September 2, 2016 / Notices 60767
delay is consistent with the protection available for Web site viewing and 1046672), a Delaware corporation with
of investors and the public interest, and printing in the Commission’s Public its principal place of business listed as
will allow the Exchange to remain Reference Room, 100 F Street NE., Toronto, Ontario, Canada, with stock
competitive with other exchanges. Washington, DC 20549, on official quoted on OTC Link under the ticker
Therefore, the Commission hereby business days between the hours of symbol MXOM, because it has not filed
waives the 30-day operative delay and 10:00 a.m. and 3:00 p.m. Copies of the any periodic reports since the period
designates the proposal effective upon filing also will be available for ended November 30, 2013. On March
filing.16 At any time within 60 days of inspection and copying at the principal 25, 2015, Pan American Goldfields Ltd.
the filing of the proposed rule change, office of the Exchange. All comments was sent a delinquency letter by the
the Commission summarily may received will be posted without change;
Division of Corporation Finance
temporarily suspend such rule change if the Commission does not edit personal
requesting compliance with its periodic
it appears to the Commission that such identifying information from
action is necessary or appropriate in the submissions. You should submit only filing obligations, and Pan American
public interest, for the protection of information that you wish to make Goldfields Ltd. received the
investors, or otherwise in furtherance of available publicly. All submissions delinquency letter on April 10, 2015,
the purposes of the Act. If the should refer to File Number SR–ISE– but failed to cure its delinquencies.
Commission takes such action, the 2016–18 and should be submitted on or It appears to the Securities and
Commission shall institute proceedings before September 23, 2016. Exchange Commission that there is a
to determine whether the proposed rule For the Commission, by the Division of lack of current and accurate information
should be approved or disapproved. Trading and Markets, pursuant to delegated concerning the securities of Sky Harvest
authority.17 Energy Corp. (CIK No. 1332445), a
IV. Solicitation of Comments
Robert W. Errett, revoked Nevada corporation with its
Interested persons are invited to Deputy Secretary. principal place of business listed as
submit written data, views, and
arguments concerning the foregoing,
[FR Doc. 2016–21132 Filed 9–1–16; 8:45 am] Vancouver, British Columbia, Canada
including whether the proposed rule BILLING CODE 8011–01–P with stock quoted on OTC Link under
change is consistent with the Act. the ticker symbol SKYH, because it has
Comments may be submitted by any of not filed any periodic reports since the
SECURITIES AND EXCHANGE period ended May 31, 2013. On January
the following methods:
COMMISSION 26, 2015, Sky Harvest Energy Corp. was
Electronic Comments sent a delinquency letter by the Division
In the Matter of Multi-Corp.
• Use the Commission’s Internet International, Inc., Pan American of Corporation Finance requesting
comment form (http://www.sec.gov/ Goldfields Ltd., and Sky Harvest compliance with its periodic filing
rules/sro.shtml); or Energy Corp., File No. 500–1; Order of obligations, but did not receive the
• Send an email to rule-comments@ delinquency letter due to its failure to
Suspension of Trading
sec.gov. Please include File Number SR– maintain a valid address on file with the
ISE–2016–18 on the subject line. August 31, 2016. Commission as required by Commission
Paper Comments It appears to the Securities and rules (Rule 301 of Regulation S–T, 17
Exchange Commission that there is a CFR 232.301 and Section 5.4 of EDGAR
• Send paper comments in triplicate lack of current and accurate information
to Secretary, Securities and Exchange Filer Manual).
concerning the securities of Multi-Corp.
Commission, 100 F Street NE., International, Inc. (CIK No. 1405260), a The Commission is of the opinion that
Washington, DC 20549–1090. defaulted Nevada corporation with its the public interest and the protection of
All submissions should refer to File principal place of business listed as Las investors require a suspension of trading
Number SR–ISE–2016–18. This file Vegas, Nevada, with stock quoted on in the securities of the above-listed
number should be included on the OTC Link (previously, ‘‘Pink Sheets’’) company.
subject line if email is used. To help the operated by OTC Markets Group, Inc. Therefore, it is ordered, pursuant to
Commission process and review your (‘‘OTC Link’’) under the ticker symbol Section 12(k) of the Securities Exchange
comments more efficiently, please use MULI, because it has not filed any
only one method. The Commission will Act of 1934, that trading in the
periodic reports since the period ended securities of the above-listed company is
post all comments on the Commission’s March 31, 2013. On June 6, 2014, Multi-
Internet Web site (http://www.sec.gov/ suspended for the period from 9:30 a.m.
Corp. International, Inc. was sent a EDT on August 31, 2016, through 11:59
rules/sro.shtml). Copies of the delinquency letter sent by the Division
submission, all subsequent p.m. EDT on September 14, 2016.
of Corporation Finance requesting
amendments, all written statements compliance with its periodic filing By the Commission.
with respect to the proposed rule obligations, but did not receive the Jill M. Peterson,
change that are filed with the delinquency letter due to its failure to Assistant Secretary.
Commission, and all written maintain a valid address on file with the [FR Doc. 2016–21300 Filed 8–31–16; 4:15 pm]
communications relating to the Commission as required by Commission
proposed rule change between the rules (Rule 301 of Regulation S–T, 17
BILLING CODE 8011–01–P
Commission and any person, other than CFR 232.301 and Section 5.4 of EDGAR
those that may be withheld from the
mstockstill on DSK3G9T082PROD with NOTICES
Filer Manual).
public in accordance with the It appears to the Securities and
provisions of 5 U.S.C. 552, will be Exchange Commission that there is a
lack of current and accurate information
16 For purposes only of waiving the 30-day
concerning the securities of Pan
operative delay, the Commission has also
considered the proposed rule’s impact on American Goldfields Ltd. (CIK No.
efficiency, competition, and capital formation. See
15 U.S.C. 78c(f). 17 17 CFR 200.30–3(a)(12).
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Document Created: 2018-02-09 11:55:28
Document Modified: 2018-02-09 11:55:28
| 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 60765 |
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