81 FR 70447 - Self-Regulatory Organizations; NASDAQ PHLX LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Options Floor Procedure Advice F-1, Entitled “Use of Identification Letters and Numbers.”
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 81, Issue 197 (October 12, 2016)
Federal Register Volume 81, Issue 197 (October 12, 2016)
| Page Range | 70447-70449 | |
| FR Document | 2016-24572 |
[Federal Register Volume 81, Number 197 (Wednesday, October 12, 2016)] [Notices] [Pages 70447-70449] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2016-24572] ======================================================================= ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION [Release No. 34-79047; File No. SR-Phlx-2016-96] Self-Regulatory Organizations; NASDAQ PHLX LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Options Floor Procedure Advice F-1, Entitled ``Use of Identification Letters and Numbers.'' October 5, 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 September 23, 2016, NASDAQ PHLX LLC (``Phlx'' or ``Exchange'') filed with the Securities and Exchange Commission (``SEC'' or ``Commission'') the proposed rule change as described in Items I, II, and III, 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 amend Options Floor Procedure Advice F-1, entitled ``Use of Identification Letters and Numbers.'' The text of the proposed rule change is available on the Exchange's Web site at http://nasdaqphlx.cchwallstreet.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 Options Floor Procedure Advice (``OFPA'') F-1, entitled ``Use of Identification Letters and Numbers'' to eliminate the current fine schedule. Pursuant to this OFPA F-1, today, all Specialists, ROTs, and Floor Brokers must use the complete alpha/numeric identification assigned by the Exchange. Specifically, all Floor Brokers or their employees must indicate their complete alpha/numeric identifiers on the Options Floor Broker Management System (``FBMS'') for each order they receive and represent in the trading crowd. The FMBS system is automated and requires this field to be completed before the transaction may be submitted. These numbers are important because they represent the parties to the particular transaction for purposes of audit trail, clearance and settlement of that transaction. This information is submitted to The Options Clearing Corporation at the end of the day to complete the back-office portion of the transaction. The information is available to and reviewed by both parties to the transaction. The Exchange currently has a fine schedule for violations of OFPA F-1 as follows: Fine Schedule [Implemented on a two-year running calendar basis] ------------------------------------------------------------------------ ------------------------------------------------------------------------ 1st Occurrence......................... $250.00. 2nd Occurrence......................... $500.00. 3rd Occurrence......................... $1,000.00. 4th Occurrence and Thereafter.......... Sanction is discretionary with Business Conduct Committee. ------------------------------------------------------------------------ The Exchange notes that the violations of this rule today consist of inadvertent failures to include the requisite alpha/numeric identification.\3\ These errors are corrected post-trade, by end of day by the party in error. The Floor Brokers receive inter-day reports which allow them to review this information and determine if any errors occurred. Also, the contra-party to the transaction may alert the Floor Broker that an error occurred. The Exchange notes that where errors have been identified through surveillance, it has not witnessed any manipulative conduct, rather the error was an inadvertent data entry error, which was subsequently corrected. --------------------------------------------------------------------------- \3\ For example in 2016, the Exchange statistically had .00004% of violations of this minor rule. In 2015, the Exchange statistically had .00003% of violations of this minor rule. --------------------------------------------------------------------------- By way of background, the Exchange notes that when the floor operated with more manual procedures and inter-day reports were not available, these types of error occurred with more frequency. The Exchange at that time employed a greater number of staff employees on the Exchange floor when the population on the floor was also at greater numbers. The amount of time that staff was devoted to assisting with these types of errors placed an administrative burden on the Exchange and presented an administrative cost to the Exchange to employ staff to assist with clerical errors. The fine at that time was justified to prevent a greater number of violations and also to support the amount of regulatory resources that were required to surveil for such violations and assist in the correction of errors. Today, the automated processes and inter-day reports alleviate many of the issues that previously existed, including the burden on staff to correct errors. The Exchange does not believe that a single error necessitates the imposition of a $250.00 fine, for example, where a data entry error occurred and was corrected by the firm. The Exchange proposes to eliminate the current fine schedule and instead [[Page 70448]] review for patterns and practices of manipulative conduct. The Exchange will continue to review, as it does today, for instances where a party to a trade did not enter the complete or an accurate identifier. Also, the Exchange would continue to bring violations of this rule before the Business Conduct Committee and suggest appropriate fines given the facts and circumstances surrounding current and previous violations of the minor rule. Today, the Exchange has the ability to bring any violations before the Business Conduct Committee.\4\ The disciplinary rules provide for a process by which the Exchange will discipline members for violations of its rules and the process for hearings.\5\ The Exchange's focus is to prevent abusive or manipulative patterns and practices of violations of OFPA F-1 and also prevent repeated abuse of this rule. The Exchange intends to continue to surveil and discipline its members for violations of this rule. --------------------------------------------------------------------------- \4\ Any member, member organization, or any partner, officer, director or person employed by or associated with any member or member organization (the Respondent) who is alleged to have violated or aided and abetted a violation of the Securities Exchange Act of 1934 (Exchange Act), the rules and regulations thereunder, the by- laws and Rules of the Exchange or any interpretation thereof, and the Rules, Regulations, resolutions and stated policies of the Board of Directors or any Committee of the Exchange, shall be subject to the disciplinary jurisdiction of the Exchange, and after notice and opportunity for a hearing may be appropriately disciplined by expulsion, suspension, fine, censure, limitation or termination as to activities, functions, operations, or association with a member or member organization, or any other fitting sanction in accordance with the provisions of these disciplinary Rules. See Phlx Rule 960.1(a). Further, whenever the staff of the Exchange has a reasonable basis to believe that a violation within the disciplinary jurisdiction of the Exchange has occurred, a written report shall be submitted to the Business Conduct Committee specifying the violations which are believed to have occurred and those facts which gave rise to these violations. See Phlx Rule 960.2(d). \5\ See Phlx Rules 960-970. --------------------------------------------------------------------------- 2. Statutory Basis The Exchange believes that its proposal is consistent with Section 6(b) of the Act \6\ in general, and furthers the objectives of Section 6(b)(5) of the Act \7\ in particular, in that it is designed to promote just and equitable principles of trade, 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, by continuing to enforce violations of rules governing the marking of orders. --------------------------------------------------------------------------- \6\ 15 U.S.C. 78f(b). \7\ 15 U.S.C. 78f(b)(5). --------------------------------------------------------------------------- Proper identification of orders protects investors and the public interest. In cases where human error occurred and a member failed to include the requisite alpha/numeric identification or submitted an incorrect alpha/numeric identification, such information may be corrected post-trade. The Exchange will continue to enforce the proper identification on each trade. Regulatory staff will monitor violations of such rule and bring cases before the Business Conduct Committee where a pattern or practice of violation of such rule exists and suggest appropriate fines given the facts and circumstances surrounding current and previous violations of the minor rule. Today, the Exchange has the ability to bring any violations before the Business Conduct Committee.\8\ --------------------------------------------------------------------------- \8\ See note 4 above. --------------------------------------------------------------------------- The Exchange is concerned with the entry of accurate trading information which identifies counter-parties to each trade. The trading system requires such information for each transaction. The automated process combined with the surveillance of such information, as well as counter-party transparency to the information, ensure that the audit trail is accurate and complete. The Exchange understands that human error may occur from time to time and that members have the ability to and do correct such information prior to the end of the day. Given all of these circumstances, the proposal is consistent with the Act because it will continue to ensure that the information is maintained accurately and also discipline members that fail to consistently abide by this rule. The Exchange believes it is consistent with the Act and protects investors and the general public to amend the rule to bring disciplinary actions where a pattern or practice of violating OFPA F-1 exists versus multiple fines for each individual violation. The Exchange notes that it has not observed a large number of these violations. Where a number of violations have occurred or where there has been manipulative activity in the entry of such trade information, these actions will be brought by the Regulatory group to the Business Conduct Committee for further action. The Exchange will enumerate the facts and circumstances surrounding the violations and present an appropriate sanction in light of the circumstances to the Business Conduct Committee. This filing is non-controversial because the Exchange will continue to regulate members for violations of Rule OFPA F-1, albeit in a slightly different matter. The result may be the imposition of the same fines by the Business Conduct Committee. 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 believes that no undue burden on competition arises with this rule change as the rule will be uniformly applied to all members. The Exchange will continue to monitor the activity of all members, and where a number of violations has occurred or where there has been manipulative activity in the entry of such trade information, these actions will be brought by the Regulatory group to the Business Conduct Committee for further action. 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, it has become effective pursuant to Section 19(b)(3)(A)(iii) of the Act \9\ and subparagraph (f)(6) of Rule 19b-4 thereunder.\10\ --------------------------------------------------------------------------- \9\ 15 U.S.C. 78s(b)(3)(A)(iii). \10\ 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 intent 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. --------------------------------------------------------------------------- At any time within 60 days of the filing of the proposed rule change, the Commission summarily may temporarily suspend such rule change if it appears to the Commission that such action is: (i) Necessary or appropriate in the public interest; (ii) for the protection of investors; or (iii) otherwise in furtherance of the purposes of the Act. If the Commission takes such action, the Commission shall institute proceedings to determine whether the proposed rule should be approved or disapproved. IV. Solicitation of Comments Interested persons are invited to submit written data, views, and arguments concerning the foregoing, [[Page 70449]] 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-Phlx-2016-96 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-Phlx-2016-96. 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-Phlx-2016-96 and should be submitted on or before November 2, 2016. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.\11\ --------------------------------------------------------------------------- \11\ 17 CFR 200.30-3(a)(12). --------------------------------------------------------------------------- Brent J. Fields, Secretary. [FR Doc. 2016-24572 Filed 10-11-16; 8:45 am] BILLING CODE 8011-01-P
![Federal Register / Vol. 81, No. 197 / Wednesday, October 12, 2016 / Notices 70447
Presidio Institute’s mission and ensure in Items I, II, and III, below, which Items A. Self-Regulatory Organization’s
long-term financial self-sufficiency. have been prepared by the Exchange. Statement of the Purpose of, and
FOR FURTHER INFORMATION CONTACT: The Commission is publishing this Statutory Basis for, the Proposed Rule
Additional information is available notice to solicit comments on the Change
online at http://www.presidio.gov/ proposed rule change from interested
persons. 1. Purpose
institute/about/Pages/advisory-
council.aspx. I. Self-Regulatory Organization’s The Exchange proposes to amend
Dated: October 5, 2016. Statement of the Terms of Substance of Options Floor Procedure Advice
Andrea M. Andersen, the Proposed Rule Change (‘‘OFPA’’) F–1, entitled ‘‘Use of
Acting General Counsel. Identification Letters and Numbers’’ to
The Exchange proposes to amend
eliminate the current fine schedule.
[FR Doc. 2016–24585 Filed 10–11–16; 8:45 am] Options Floor Procedure Advice F–1,
Pursuant to this OFPA F–1, today, all
BILLING CODE 4310–4R–P entitled ‘‘Use of Identification Letters
and Numbers.’’ Specialists, ROTs, and Floor Brokers
The text of the proposed rule change must use the complete alpha/numeric
is available on the Exchange’s Web site identification assigned by the Exchange.
SECURITIES AND EXCHANGE
COMMISSION at Specifically, all Floor Brokers or their
http://nasdaqphlx.cchwallstreet.com/, employees must indicate their complete
[Release No. 34–79047; File No. SR–Phlx– alpha/numeric identifiers on the
2016–96]
at the principal office of the Exchange,
and at the Commission’s Public Options Floor Broker Management
Reference Room. System (‘‘FBMS’’) for each order they
Self-Regulatory Organizations;
receive and represent in the trading
NASDAQ PHLX LLC; Notice of Filing II. Self-Regulatory Organization’s crowd. The FMBS system is automated
and Immediate Effectiveness of Statement of the Purpose of, and and requires this field to be completed
Proposed Rule Change To Amend Statutory Basis for, the Proposed Rule
Options Floor Procedure Advice F–1, before the transaction may be submitted.
Change These numbers are important because
Entitled ‘‘Use of Identification Letters
and Numbers.’’ In its filing with the Commission, the they represent the parties to the
Exchange included statements particular transaction for purposes of
October 5, 2016. concerning the purpose of and basis for audit trail, clearance and settlement of
Pursuant to Section 19(b)(1) of the the proposed rule change and discussed that transaction. This information is
Securities Exchange Act of 1934 any comments it received on the submitted to The Options Clearing
(‘‘Act’’),1 and Rule 19b–4 thereunder,2 proposed rule change. The text of these Corporation at the end of the day to
notice is hereby given that on statements may be examined at the complete the back-office portion of the
September 23, 2016, NASDAQ PHLX places specified in Item IV below. The transaction. The information is available
LLC (‘‘Phlx’’ or ‘‘Exchange’’) filed with Exchange has prepared summaries, set to and reviewed by both parties to the
the Securities and Exchange forth in sections A, B, and C below, of transaction. The Exchange currently has
Commission (‘‘SEC’’ or ‘‘Commission’’) the most significant aspects of such a fine schedule for violations of OFPA
the proposed rule change as described statements. F–1 as follows:
FINE SCHEDULE
[Implemented on a two-year running calendar basis]
1st Occurrence ......................................................................................... $250.00.
2nd Occurrence ........................................................................................ $500.00.
3rd Occurrence ......................................................................................... $1,000.00.
4th Occurrence and Thereafter ................................................................ Sanction is discretionary with Business Conduct Committee.
The Exchange notes that the inadvertent data entry error, which was errors. The fine at that time was justified
violations of this rule today consist of subsequently corrected. to prevent a greater number of violations
inadvertent failures to include the By way of background, the Exchange and also to support the amount of
requisite alpha/numeric identification.3 notes that when the floor operated with regulatory resources that were required
These errors are corrected post-trade, by more manual procedures and inter-day to surveil for such violations and assist
end of day by the party in error. The reports were not available, these types in the correction of errors.
Floor Brokers receive inter-day reports of error occurred with more frequency. Today, the automated processes and
which allow them to review this The Exchange at that time employed a inter-day reports alleviate many of the
information and determine if any errors greater number of staff employees on the issues that previously existed, including
occurred. Also, the contra-party to the Exchange floor when the population on the burden on staff to correct errors. The
transaction may alert the Floor Broker the floor was also at greater numbers. Exchange does not believe that a single
that an error occurred. The Exchange The amount of time that staff was error necessitates the imposition of a
notes that where errors have been devoted to assisting with these types of $250.00 fine, for example, where a data
mstockstill on DSK3G9T082PROD with NOTICES
identified through surveillance, it has errors placed an administrative burden entry error occurred and was corrected
not witnessed any manipulative on the Exchange and presented an by the firm.
conduct, rather the error was an administrative cost to the Exchange to The Exchange proposes to eliminate
employ staff to assist with clerical the current fine schedule and instead
115 U.S.C. 78s(b)(1). 3 For example in 2016, the Exchange statistically 2015, the Exchange statistically had .00003% of
2 17 CFR 240.19b–4. had .00004% of violations of this minor rule. In violations of this minor rule.
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![Federal Register / Vol. 81, No. 197 / Wednesday, October 12, 2016 / Notices 70449
including whether the proposed rule SECURITIES AND EXCHANGE Section 19(b)(2) of the Act 5 provides
change is consistent with the Act. COMMISSION that, within 45 days of the publication
Comments may be submitted by any of of notice of the filing of a proposed rule
[Release No. 34–79051; File No. SR–NYSE–
the following methods: 2016–55]
change, or within such longer period up
to 90 days as the Commission may
Electronic Comments
Self-Regulatory Organizations; New designate if it finds such longer period
• Use the Commission’s Internet York Stock Exchange LLC; Notice of to be appropriate and publishes its
comment form (http://www.sec.gov/ Designation of a Longer Period for reasons for so finding or as to which the
rules/sro.shtml); or Commission Action on Proposed Rule self-regulatory organization consents,
Change Adopting Maximum Fees the Commission shall either approve the
• Send an email to rule-comments@ proposed rule change, disapprove the
sec.gov. Please include File Number SR– Member Organizations May Charge in
Connection With the Distribution of proposed rule change, or institute
Phlx–2016–96 on the subject line. proceedings to determine whether the
Investment Company Shareholder
Paper Comments Reports Pursuant to Any Electronic proposed rule change should be
Delivery Rules Adopted by the disapproved. The 45th day for this filing
• Send paper comments in triplicate Securities and Exchange Commission is October 6, 2016.
to Brent J. Fields, Secretary, Securities The Commission is extending the 45-
and Exchange Commission, 100 F Street October 5, 2016.
On August 15, 2016, New York Stock day time period for Commission action
NE., Washington, DC 20549–1090. on the proposed rule change. The
Exchange (‘‘NYSE’’) filed with the
All submissions should refer to File Securities and Exchange Commission Commission finds that it is appropriate
Number SR–Phlx–2016–96. This file (‘‘Commission’’), pursuant to Section to designate a longer period within
number should be included on the 19(b)(1) of the Securities Exchange Act which to take action on the proposed
subject line if email is used. To help the of 1934 (‘‘Act’’) 1 and Rule 19b–4 rule change so that it has sufficient time
Commission process and review your thereunder,2 a proposed rule change to to consider the Exchange’s proposal, as
comments more efficiently, please use adopt maximum fees NYSE member described above. Accordingly, pursuant
only one method. The Commission will organizations may charge in connection to Section 19(b)(2) of the Act,6 and for
post all comments on the Commission’s with the distribution of investment the reason noted above, the Commission
Internet Web site (http://www.sec.gov/ company shareholder reports pursuant designates November 20, 2016, as the
rules/sro.shtml). Copies of the to any notice and access delivery rules date by which the Commission shall
submission, all subsequent adopted by the Commission. The either approve or disapprove or institute
amendments, all written statements proposed rule change was published for proceedings to determine whether to
with respect to the proposed rule comment in the Federal Register on disapprove the proposed rule change
change that are filed with the August 22, 2016.3 The Commission (File No. SR–NYSE–2016–55).
Commission, and all written received fourteen comment letters on For the Commission, by the Division of
communications relating to the the proposal.4 Trading and Markets, pursuant to delegated
proposed rule change between the authority.7
Commission and any person, other than 1 15 U.S.C. 78s(b)(1). Brent J. Fields,
those that may be withheld from the 2 17 CFR 240.19b–4. Secretary.
public in accordance with the 3 See Securities Exchange Act Release No. 78589
[FR Doc. 2016–24576 Filed 10–11–16; 8:45 am]
provisions of 5 U.S.C. 552, will be (August 16, 2016), 81 FR 56717.
4 See letters to Brent J. Fields, Secretary, BILLING CODE 8011–01–P
available for Web site viewing and Commission from: James R. Rooney, Chief Financial
printing in the Commission’s Public Officer and Treasurer, Aril Investment Trust, dated
Reference Room, 100 F Street NE., September 8, 2016; Mortimer J. Buckley, Chief SECURITIES AND EXCHANGE
Washington, DC 20549, on official Investment Officer, Vanguard, dated September 12,
2016; Barbara Novick, Vice Chairman, and
COMMISSION
business days between the hours of Benjamin Archibald, Managing Director, BlackRock,
10:00 a.m. and 3:00 p.m. Copies of the Inc., dated September 12, 2016; Charles V. Callan, [Release No. 34–79056; File No. SR–
filing also will be available for SVP Regulatory Affairs, Broadridge Financial NYSEMKT–2016–62]
inspection and copying at the principal Solutions, Inc., dated September 12, 2016; John
Zerr, Managing Director and General Counsel,
office of the Exchange. All comments Invesco Advisers, Inc., dated September 12, 2016; Self-Regulatory Organizations; NYSE
received will be posted without change; Amy B.R. Lancellotta, Managing Director, MKT LLC; Order Granting Approval of
the Commission does not edit personal Independent Directors Council, dated September Proposed Rule Change Amending
identifying information from 12, 2016; David G. Booth, President and Co-Chief Section 146 of the NYSE MKT
Executive Officer, Dimensional Fund Advisers LP,
submissions. You should submit only dated September 12, 2016; David W. Blass, General Company Guide To Adjust the
information that you wish to make Counsel, Investment Company Institute, dated Entitlement to Services of Special
available publicly. All submissions September 12, 2016; Darrell N. Braman, Vice Purpose Acquisition Companies
should refer to File Number SR–Phlx– President & Managing Counsel, T. Rowe Price
Associates, Inc., dated September 12, 2016; Mark N. October 6, 2016.
2016–96 and should be submitted on or Polebaum, Executive Vice President and General
before November 2, 2016. Counsel, MFS Investment Management, dated I. Introduction
For the Commission, by the Division of September 12, 2016; Thomas E. Faust Jr., Chairman
Trading and Markets, pursuant to delegated
and Chief Executive Officer, Eaton Vance Corp., On August 2, 2016, NYSE MKT LLC
dated September 12, 2016; Ellen Greene, Managing
mstockstill on DSK3G9T082PROD with NOTICES
authority.11 (‘‘NYSE MKT’’ or ‘‘Exchange’’) filed
Director, Securities Industry and Financial Markets
Brent J. Fields, Association, dated September 15, 2016; Christopher with the Securities and Exchange
O. Petersen, President, Columbia Mutual Funds, Commission (‘‘Commission’’), pursuant
Secretary. Columbia Threadneedle Investments, dated to Section 19(b)(1) of the Securities
[FR Doc. 2016–24572 Filed 10–11–16; 8:45 am] September 15, 2016 (‘‘Columbia Letter’’); and
BILLING CODE 8011–01–P
Rodney D. Johnson, Chairman, The Independent
5 15 U.S.C. 78s(b)(2).
Directors of the Blackrock Equity-Liquidity Funds,
6 Id.
dated September 27, 2016 (‘‘Blackrock Directors
11 17 CFR 200.30–3(a)(12). Letter’’). 7 17 CFR 200.30–3(a)(31).
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Document Created: 2016-10-12 00:56:09
Document Modified: 2016-10-12 00:56:09
| 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 70447 |
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