81 FR 6917 - Self-Regulatory Organizations; The Options Clearing Corporation; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Revise the Options Clearing Corporation's Schedule of Fees
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 81, Issue 26 (February 9, 2016)
Federal Register Volume 81, Issue 26 (February 9, 2016)
| Page Range | 6917-6919 | |
| FR Document | 2016-02443 |
[Federal Register Volume 81, Number 26 (Tuesday, February 9, 2016)] [Notices] [Pages 6917-6919] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2016-02443] ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION [Release No. 34-77041; File No. SR-OCC-2016-001] Self-Regulatory Organizations; The Options Clearing Corporation; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Revise the Options Clearing Corporation's Schedule of Fees February 3, 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 January 20, 2016, The Options Clearing Corporation (``OCC'') 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 primarily by OCC. OCC filed the proposed rule change pursuant to Section 19(b)(3)(A)(ii) \3\ of the Act and Rule 19b- 4(f)(2) \4\ thereunder so that the proposal was effective upon filing with the Commission. The Commission is publishing this notice to solicit comments on the rule change from interested persons. --------------------------------------------------------------------------- \1\ 15 U.S.C. 78s(b)(1). \2\ 17 CFR 240.19b-4. \3\ 15 U.S.C. 78s(b)(3)(A)(ii). \4\ 17 CFR 240.19b-4(f)(2). --------------------------------------------------------------------------- I. Clearing Agency's Statement of the Terms of Substance of the Proposed Rule Change The purpose of this proposed rule change by The Options Clearing Corporation (``OCC'') is to revise OCC's Schedule of Fees effective March 1, 2016, to implement a reduction of clearing fees in accordance with OCC's Fee Policy, which was recently adopted as part of OCC's Capital Plan.\5\ --------------------------------------------------------------------------- \5\ In 2015, the Commission approved (``Approval Order'') OCC's plan for raising additional capital (``Capital Plan''), which was put in place in light of proposed regulatory capital requirements applicable to systemically important financial market utilities, such as OCC. See Securities Exchange Act Release No. 74452 (March 6, 2015) 80 FR 13058 (March 12, 2015) (SR-OCC-2015-02). OCC also filed proposals in the Capital Plan Filing as an advance notice under Section 806(e)(1) of the Payment, Clearing, and Settlement Supervision Act of 2010. 12 U.S.C. 5465(e)(1). On February 26, 2015, the Commission issued a notice of no objection to the advance notice filing. See Exchange Act Release No. 74387 (February 26, 2015), 80 FR 12215 (March 6, 2015) (SR-OCC-2014-813). BATS Global Markets, Inc., BOX Options Exchange LLC, KCG Holdings, Inc., Miami International Securities Exchange, LLC, and Susquehanna International Group, LLP (collectively ``Petitioners'') each filed petitions for review of the Approval Order, challenging the action taken by delegated authority. The filing of the petitions automatically stayed the Approval Order. OCC filed a Motion to Lift the Stay on April 2, 2015, and the Petitioners responded. The Commission subsequently determined that the automatic stay of delegated action should be discontinued, and the Commission granted OCC's Motion to Lift Stay of the staff's action in approving by delegated authority File No. SR-OCC-2015-02. --------------------------------------------------------------------------- [[Page 6918]] II. Clearing Agency's Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change In its filing with the Commission, OCC 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. OCC has prepared summaries, set forth in sections (A), (B), and (C) below, of the most significant aspects of these statements. (A) Clearing Agency's Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change 1. Purpose The purpose of this proposed rule change is to revise OCC's Schedule of Fees in accordance with its new Fee Policy. The revised fee schedule would become effective on March 1, 2016. By way of background, in 2015, the Commission approved OCC's Capital Plan,\6\ which was put in place in light of proposed regulatory capital requirements applicable to systemically important financial market utilities, such as OCC. As part of OCC's Capital Plan, OCC adopted a Fee Policy whereby OCC would set clearing fees at a level that covers OCC's operating expenses plus a Business Risk Buffer \7\ of 25%.\8\ The purpose of the Business Risk Buffer is to ensure that OCC accumulates sufficient capital to cover unexpected fluctuations in operating expenses, business capital needs, and regulatory capital requirements. --------------------------------------------------------------------------- \6\ See supra note 5. \7\ The Business Risk Buffer is equal to net income before refunds, dividends, and taxes divided by total revenue. \8\ OCC's Schedule of Fees must also meet the requirements set forth in Article IX, Section 9 of OCC's By-Laws. In general, Article IX, Section 9 of OCC's By-Laws requires that OCC's fee structure be designed to: (1) Cover OCC's operating expenses plus a business risk buffer, (2) maintain reserves deemed reasonably necessary by OCC's Board of Directors, and (3) accumulate an additional surplus deemed advisable by the Board of Directors to permit OCC to meet its obligations to its clearing members and the public. Clauses 2 and 3 above will only be invoked at the discretion of OCC's Board of Directors and in extraordinary circumstances. --------------------------------------------------------------------------- OCC analyzed its current Schedule of Fees \9\ against projected revenues and projected expenses for 2016 in accordance with its Fee Policy. The primary goal of this analysis was to determine a fee setting approach for 2016 that covers OCC's anticipated operating expenses, seeks to minimize the number of fee resets under normal market conditions, and seeks to achieve a Business Risk Buffer of 25%. To project revenue (which is a product of cleared contract volume and clearing fees per contract), OCC estimated cleared contract volume per month for 2016 by computing the average of the previous 12 months of actual cleared contract volume data, excluding the high and low volume months, and used such average as the anticipated cleared contract volume per month for 2016.\10\ For expenses, OCC used projected 2016 expenses, computed at the end of 2015 as part of OCC's 2016 budgeting process. OCC arrived at the fee schedule presented herein by determining the figures that would result in a coverage OCC's anticipated operating expenses plus a Business Risk Buffer of 25%. --------------------------------------------------------------------------- \9\ OCC previously revised its Schedule of Fees effective April 1, 2014, to reinstate permanent reduced fee rates for securities options and securities futures that were originally adopted effective May 1, 2007. See Securities Exchange Act Release No. 71769 (March 21, 2014), 79 FR 17214 (March 27, 2014) (SR-OCC-2014-05). \10\ In order to validate this approach, OCC back tested its volume projecting methodology against data from the previous five years and determined that such methodology yields reasonable estimate of future contract volume. --------------------------------------------------------------------------- As a result of the aforementioned analysis, OCC proposes to revise its Schedule of Fees as set forth below.\11\ --------------------------------------------------------------------------- \11\ These changes are also reflected in Exhibit 5. Market maker/specialist scratch and linkage fees per side will remain unchanged at $0.020. ---------------------------------------------------------------------------------------------------------------- Trades with contracts of: Current fee Proposed fee ---------------------------------------------------------------------------------------------------------------- 1-500.................................... $0.050/contract............ $0.041/contract. 501-1000................................. $0.040/contract............ $0.032/contract. 1001-2000................................ $0.030/contract............ $0.024/contract. >2000.................................... $55.00/trade............... $46.00/trade. ---------------------------------------------------------------------------------------------------------------- OCC anticipates that the proposed changes to OCC's Schedule of Fees would result in an average decrease in clearing fees of 19%. Moreover, and in accordance with its Fee Policy, OCC will continue to monitor cleared contract volume and operating expenses in order to determine if further revisions to OCC's Schedule of Fees are required so that monies received from clearing fees cover OCC's operating expenses plus a Business Risk Buffer of 25%.\12\ --------------------------------------------------------------------------- \12\ Any subsequent changes to OCC's Schedule of Fees would be the subject of a subsequent proposed rule change filed with the Commission. --------------------------------------------------------------------------- 2. Statutory Basis OCC believes that the proposed rule change concerning a reduction to OCC's clearing fees is consistent with Section 17A(b)(3)(D) \13\ of the Act, because the proposed fee schedule provides for the equitable allocation of reasonable fees among its clearing members and other market participants pursuant to criteria set forth in OCC's Capital Plan, which has been approved by the Commission.\14\ The revised fee schedule would result in lower clearing fees for OCC's clearing members and other market participants and would be equally applicable to all market participants. The proposed rule change is not inconsistent with the existing rules of OCC, including any other rules proposed to be amended. --------------------------------------------------------------------------- \13\ 17 U.S.C. 78q-1(b)(3)(D). \14\ See supra note 5. --------------------------------------------------------------------------- (B) Clearing Agency's Statement on Burden on Competition OCC does not believe that the proposed rule change would have an impact or impose a burden on competition.\15\ Although this proposed rule change affects clearing members, their customers, and the markets that OCC serves, OCC believes that the proposed rule change would not disadvantage or favor any particular user of OCC's services in relationship to another user because the proposed clearing fees apply equally to all users of OCC. Accordingly, OCC does not believe that the proposed rule change would have any impact or impose a burden on competition. --------------------------------------------------------------------------- \15\ 15 U.S.C. 78q-1(b)(3)(I). --------------------------------------------------------------------------- (C) Clearing Agency's Statement on Comments on the Proposed Rule Change Received From Members, Participants or Others Written comments on the proposed rule change were not and are not intended to be solicited with respect to the proposed rule change and none have been received. [[Page 6919]] III. Date of Effectiveness of the Proposed Rule Change and Timing for Commission Action The foregoing rule change has become effective upon filing \16\ pursuant to Section 19(b)(3)(A)(ii) of the Act \17\ and Rule 19b- 4(f)(2) thereunder \18\ because it constitutes a change in fees imposed by OCC on its clearing members and other market participants using OCC's services. 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. --------------------------------------------------------------------------- \16\ Notwithstanding the immediate effectiveness of the proposed rule change and OCC's anticipated implementation date of March 1, 2016, implementation of this rule change is also contingent on it being deemed certified under CFTC Regulation Sec. 40.6. \17\ 15 U.S.C. 78s(b)(3)(A)(ii). \18\ 17 CFR 240.19b-4(f)(2). --------------------------------------------------------------------------- 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-OCC-2016-001 on the subject line. Paper Comments Send paper comments in triplicate to Brent J. Fields, Secretary, Securities and Exchange Commission, 100 F Street NE., Washington, DC 20549-1090. All submissions should refer to File Number SR-OCC-2016-001. This file number should be included on the subject line if email is used. To help the Commission process and review your comments more efficiently, please use only one method. The Commission will post all comments on the Commission's Internet Web site (http://www.sec.gov/rules/sro.shtml). Copies of the submission, all subsequent amendments, all written statements with respect to the proposed rule change that are filed with the Commission, and all written communications relating to the proposed rule change between the Commission and any person, other than those that may be withheld from the public in accordance with the provisions of 5 U.S.C. 552, will be available for Web site viewing and printing in the Commission's Public Reference Room, 100 F Street NE., Washington, DC 20549, on official business days between the hours of 10:00 a.m. and 3:00 p.m. Copies of such filing also will be available for inspection and copying at the principal office of OCC and on OCC's Web site at http://www.theocc.com/components/docs/legal/rules_and_bylaws/sr_occ_16_001.pdf. 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-OCC-2016-001 and should be submitted on or before March 1, 2016. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.\19\ --------------------------------------------------------------------------- \19\ 17 CFR 200.30-3(a)(12). --------------------------------------------------------------------------- Robert W. Errett, Deputy Secretary. [FR Doc. 2016-02443 Filed 2-8-16; 8:45 am] BILLING CODE 8011-01-P
![Federal Register / Vol. 81, No. 26 / Tuesday, February 9, 2016 / Notices 6917
Regulatory Authority (‘‘FINRA’’), on those markets.16 With respect to SPX SECURITIES AND EXCHANGE
behalf of the Exchange, or the regulatory Puts, specifically, the Exchange has COMMISSION
staff of the Exchange, will communicate provided data demonstrating that the [Release No. 34–77041; File No. SR–OCC–
as needed regarding trading in the average daily trading volume (through 2016–001]
Shares and SPX Index options with expiration) of recent SPX Puts compares
other markets and other entities that are favorably to the average daily trading Self-Regulatory Organizations; The
members of the Intermarket volumes of at-the-money put options on Options Clearing Corporation; Notice
Surveillance Group (‘‘ISG’’), and FINRA, other major indexes and is, in fact, of Filing and Immediate Effectiveness
on behalf of the Exchange, or the higher than that of at-the-money puts on of Proposed Rule Change To Revise
regulatory staff of the Exchange, may the Russell 2000 index.17 the Options Clearing Corporation’s
obtain trading information regarding Schedule of Fees
trading in the portfolio securities from For these reasons, the Commission
these markets and other entities. In believes that it would be difficult to February 3, 2016.
addition, the regulatory staff of the manipulate the price of the Shares by Pursuant to Section 19(b)(1) of the
Exchange may obtain information manipulating the prices of its Securities Exchange Act of 1934
regarding trading in the portfolio underlying assets. The Commission also (‘‘Act’’),1 and Rule 19b–4 thereunder,2
securities from markets and other notes that, except as discussed above, notice is hereby given that on January
entities that are members of ISG or with all other representations made in 20, 2016, The Options Clearing
which the Exchange has in place a support of the Prior Release remain Corporation (‘‘OCC’’) filed with the
comprehensive surveillance sharing unchanged. Securities and Exchange Commission
agreement. (‘‘Commission’’) the proposed rule
For the foregoing reasons, the change as described in Items I, II, and
III. Discussion and Commission’s Commission finds that the proposed III below, which Items have been
Findings rule change is consistent with Section prepared primarily by OCC. OCC filed
6(b)(5) of the Act 18 and the rules and the proposed rule change pursuant to
After careful review, the Commission
finds that the exchange’s proposal is regulations thereunder applicable to a Section 19(b)(3)(A)(ii) 3 of the Act and
consistent with the requirements of national securities exchange. Rule 19b–4(f)(2) 4 thereunder so that the
Section 6 of the Act 11 and the rules and IV. Conclusion proposal was effective upon filing with
regulations thereunder applicable to a the Commission. The Commission is
national securities exchange.12 In It is therefore ordered, pursuant to publishing this notice to solicit
particular, the Commission finds that Section 19(b)(2) of the Act,19 that the comments on the rule change from
the proposed rule change is consistent proposed rule change (SR–NYSEArca– interested persons.
with Section 6(b)(5) of the Act,13 which 2015–113), be, and it hereby I. Clearing Agency’s Statement of the
requires, among other things, that the is,approved. Terms of Substance of the Proposed
Exchange’s rules be designed to prevent Rule Change
For the Commission, by the Division of
fraudulent and manipulative acts and Trading and Markets, pursuant to delegated
practices, to promote just and equitable The purpose of this proposed rule
authority.20 change by The Options Clearing
principles of trade, to remove
impediments to and perfect the Robert W. Errett, Corporation (‘‘OCC’’) is to revise OCC’s
mechanism of a free and open market Deputy Secretary. Schedule of Fees effective March 1,
and a national market system, and, in [FR Doc. 2016–02440 Filed 2–8–16; 8:45 am] 2016, to implement a reduction of
general, to protect investors and the clearing fees in accordance with OCC’s
BILLING CODE 8011–01–P
public interest. Fee Policy, which was recently adopted
The Commission believes that it as part of OCC’s Capital Plan.5
would be difficult to manipulate the 1 15
quote transparency. The Exchange believes that the U.S.C. 78s(b)(1).
price of the Shares by manipulating the 2 17 CFR 240.19b–4.
prices of its underlying assets. The highly regulated S&P 500 options markets, and the
3 15 U.S.C. 78s(b)(3)(A)(ii).
broad base and scope of the S&P 500 Index, make
Fund’s portfolio will comprise cash, securities that derive their value from that index,
4 17 CFR 240.19b–4(f)(2).
short-term U.S. Treasury bills, and SPX including S&P 500 options, less susceptible to
5 In 2015, the Commission approved (‘‘Approval
Puts.14 The Exchange contends that potential market manipulation in view of market Order’’) OCC’s plan for raising additional capital
neither short-term Treasury securities (‘‘Capital Plan’’), which was put in place in light of
capitalization and liquidity of the S&P 500 Index
proposed regulatory capital requirements applicable
nor SPX Puts are readily susceptible to components, price and quote transparency, and to systemically important financial market utilities,
market manipulation due to the deep arbitrage opportunities.’’ Id. such as OCC. See Securities Exchange Act Release
16 The Exchange states: ‘‘In addition, the Treasury
liquidity in15 and extensive oversight of No. 74452 (March 6, 2015) 80 FR 13058 (March 12,
market and its participants are subject to a wide 2015) (SR–OCC–2015–02). OCC also filed proposals
11 15 range of oversight and regulations, including in the Capital Plan Filing as an advance notice
U.S.C. 78f.
12 In requirements designed to prevent market under Section 806(e)(1) of the Payment, Clearing,
approving this proposed rule change, the and Settlement Supervision Act of 2010. 12 U.S.C.
Commission notes that it has considered the manipulation and other abuses. For example,
Treasury market participants and the Treasury 5465(e)(1). On February 26, 2015, the Commission
proposed rule’s impact on efficiency, competition, issued a notice of no objection to the advance notice
and capital formation. See 15 U.S.C. 78c(f). market, itself, are subject to significant oversight by
filing. See Exchange Act Release No. 74387
13 15 U.S.C. 78f(b)(5). a number of regulatory authorities, including the (February 26, 2015), 80 FR 12215 (March 6, 2015)
14 See Notice, supra note 3, 80 FR at 79373. Treasury, the Commission, federal bank regulators, (SR–OCC–2014–813). BATS Global Markets, Inc.,
mstockstill on DSK4VPTVN1PROD with NOTICES
15 The Exchange states: ‘‘According to Federal and the Financial Industry Regulatory Authority.’’ BOX Options Exchange LLC, KCG Holdings, Inc.,
Reserve Bank of New York data as of September Id., n.15. The Exchange represents that the SPX Miami International Securities Exchange, LLC, and
2015, average daily trading volume for U.S. Puts will be subject to CBOE and FINRA Susquehanna International Group, LLP (collectively
Treasury bills totaled $67.8 billion. . . . SPX surveillance programs. See id., 80 FR at 79374. ‘‘Petitioners’’) each filed petitions for review of the
options are among the most liquid index options in 17 See id., 80 FR at 79372–73. Approval Order, challenging the action taken by
the U.S. and derive their value from the actively 18 15 U.S.C. 78f(b)(5).
delegated authority. The filing of the petitions
traded S&P 500 Index components. SPX options are automatically stayed the Approval Order. OCC filed
19 15 U.S.C. 78s(b)(2).
cash-settled with no delivery of stocks or ETFs, and a Motion to Lift the Stay on April 2, 2015, and the
trade in competitive auction markets with price and 20 17 CFR 200.30–3(a)(12). Continued
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III. Date of Effectiveness of the public in accordance with the SUPPLEMENTARY INFORMATION: The notice
Proposed Rule Change and Timing for provisions of 5 U.S.C. 552, will be of the President’s major disaster
Commission Action available for Web site viewing and declaration for Private Non-Profit
The foregoing rule change has become printing in the Commission’s Public organizations in the State of Mississippi,
effective upon filing 16 pursuant to Reference Room, 100 F Street NE., dated 01/04/2016, is hereby amended to
Section 19(b)(3)(A)(ii) of the Act 17 and Washington, DC 20549, on official include the following areas as adversely
Rule 19b–4(f)(2) thereunder 18 because it business days between the hours of affected by the disaster.
constitutes a change in fees imposed by 10:00 a.m. and 3:00 p.m. Copies of such Primary Counties: Clay, Itawamba,
OCC on its clearing members and other filing also will be available for Monroe, Prentiss, Tallahatchie.
market participants using OCC’s inspection and copying at the principal All other information in the original
services. At any time within 60 days of office of OCC and on OCC’s Web site at declaration remains unchanged.
the filing of the proposed rule change, http://www.theocc.com/components/
docs/legal/rules_and_bylaws/sr_occ_16_ (Catalog of Federal Domestic Assistance
the Commission summarily may Numbers 59002 and 59008)
temporarily suspend such rule change if 001.pdf. All comments received will be
it appears to the Commission that such posted without change; the Commission
James E. Rivera,
action is necessary or appropriate in the does not edit personal identifying
information from submissions. You Associate Administrator for Disaster
public interest, for the protection of Assistance.
investors, or otherwise in furtherance of should submit only information that
[FR Doc. 2016–02483 Filed 2–8–16; 8:45 am]
the purposes of the Act. you wish to make available publicly. All
submissions should refer to File BILLING CODE 8025–01–P
IV. Solicitation of Comments Number SR–OCC–2016–001 and should
Interested persons are invited to be submitted on or before March 1,
submit written data, views, and SMALL BUSINESS ADMINISTRATION
2016.
arguments concerning the foregoing, For the Commission, by the Division of [Disaster Declaration #14609]
including whether the proposed rule Trading and Markets, pursuant to delegated
change is consistent with the Act. authority.19 California Disaster #CA–00243
Comments may be submitted by any of Robert W. Errett, Declaration of Economic Injury
the following methods: Deputy Secretary. AGENCY: U.S. Small Business
Electronic Comments [FR Doc. 2016–02443 Filed 2–8–16; 8:45 am] Administration.
• Use the Commission’s Internet BILLING CODE 8011–01–P ACTION: Notice.
comment form (http://www.sec.gov/
rules/sro.shtml); or SUMMARY: This is a notice of an
• Send an email to rule-comments@ SMALL BUSINESS ADMINISTRATION Economic Injury Disaster Loan (EIDL)
sec.gov. Please include File Number SR– declaration for the State of California,
[Disaster Declaration #14589 and #14590] dated 02/02/2016.
OCC–2016–001 on the subject line.
Mississippi Disaster Number MS– Incident: Ocean Conditions Resulting
Paper Comments in the Delayed Commercial Dungeness
00083
• Send paper comments in triplicate Crab Season and Closure of Commercial
to Brent J. Fields, Secretary, Securities AGENCY: U.S. Small Business Rock Crab Fishery.
and Exchange Commission, 100 F Street Administration. Incident Period: 11/06/2015 and
NE., Washington, DC 20549–1090. ACTION: Amendment 2. continuing.
All submissions should refer to File Effective Date: 02/02/2016.
Number SR–OCC–2016–001. This file SUMMARY: This is an amendment of the EIDL Loan Application Deadline Date:
number should be included on the Presidential declaration of a major 11/02/2016.
subject line if email is used. To help the disaster for Public Assistance Only for ADDRESSES: Submit completed loan
Commission process and review your the State of Mississippi (FEMA–4248– applications to: U.S. Small Business
comments more efficiently, please use DR), dated 01/04/2016. Administration, Processing and
only one method. The Commission will Incident: Severe Storms, Tornadoes, Disbursement Center, 14925 Kingsport
post all comments on the Commission’s Straight-line Winds, and Flooding. Road, Fort Worth, TX 76155.
Internet Web site (http://www.sec.gov/ Incident Period: 12/23/2015 through
12/28/2015. FOR FURTHER INFORMATION CONTACT: A.
rules/sro.shtml). Copies of the Escobar, Office of Disaster Assistance,
submission, all subsequent Effective Date: 01/22/2016.
Physical Loan Application Deadline U.S. Small Business Administration,
amendments, all written statements 409 3rd Street SW., Suite 6050,
with respect to the proposed rule Date: 03/04/2016.
Economic Injury (EIDL) Loan Washington, DC 20416.
change that are filed with the
Application Deadline Date: 10/04/2016. SUPPLEMENTARY INFORMATION: Notice is
Commission, and all written
communications relating to the ADDRESSES: Submit completed loan hereby given that as a result of the
proposed rule change between the applications to: U.S. Small Business Administrator’s EIDL declaration,
Commission and any person, other than Administration, Processing and applications for economic injury
those that may be withheld from the Disbursement Center, 14925 Kingsport disaster loans may be filed at the
Road, Fort Worth, TX 76155. address listed above or other locally
mstockstill on DSK4VPTVN1PROD with NOTICES
16 Notwithstanding the immediate effectiveness of FOR FURTHER INFORMATION CONTACT: A. announced locations.
the proposed rule change and OCC’s anticipated Escobar, Office of Disaster Assistance, The following areas have been
implementation date of March 1, 2016, U.S. Small Business Administration, determined to be adversely affected by
implementation of this rule change is also the disaster:
contingent on it being deemed certified under CFTC 409 3rd Street SW., Suite 6050,
Regulation § 40.6. Washington, DC 20416. Primary Counties: Alameda, Butte,
17 15 U.S.C. 78s(b)(3)(A)(ii). Contra Costa, Del Norte, El Dorado,
18 17 CFR 240.19b–4(f)(2). 19 17 CFR 200.30–3(a)(12). Humboldt, Lake, Marin, Mendocino,
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Document Created: 2018-02-02 14:29:58
Document Modified: 2018-02-02 14:29:58
| 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 6917 |
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