81 FR 75456 - Sunshine Act Meeting
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 81, Issue 210 (October 31, 2016)
Federal Register Volume 81, Issue 210 (October 31, 2016)
| Page Range | 75456-75456 | |
| FR Document | 2016-26304 |
[Federal Register Volume 81, Number 210 (Monday, October 31, 2016)] [Notices] [Page 75456] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2016-26304] ======================================================================= ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION Sunshine Act Meeting FEDERAL REGISTER CITATION OF PREVIOUS ANNOUNCEMENT: [81 FR 73459, October 25, 2016]. STATUS: Open Meeting. PLACE: 100 F Street NE., Washington, DC. DATE AND TIME OF PREVIOUSLY ANNOUNCED MEETING: Wednesday, October 26, 2016 10:00 a.m. CHANGE IN THE MEETING: Time Change. The Open Meeting scheduled for Wednesday, October 26, 2016 at 10:00 a.m., has been changed to Wednesday, October 26, 2016 at 11:00 a.m. For further information and to ascertain what, if any, matters have been added, deleted or postponed, please contact: The Office of the Secretary at (202) 551-5400. Dated: October 26, 2016. Brent J. Fields, Secretary. [FR Doc. 2016-26304 Filed 10-27-16; 11:15 am] BILLING CODE 8011-01-P
![75456 Federal Register / Vol. 81, No. 210 / Monday, October 31, 2016 / Notices
October 9, 1996, revised the formula for SECURITIES AND EXCHANGE the most significant parts of such
indexing maximum daily benefit rates. COMMISSION statements.
Under the prescribed formula, the
[Release No. 34–79148; File No. SR– A. Self-Regulatory Organization’s
maximum daily benefit rate increases by BatsBYX–2016–27] Statement of the Purpose of, and
approximately two-thirds of the Statutory Basis for, the Proposed Rule
cumulative growth in average national Self-Regulatory Organizations; Bats Change
wages since 1984. The maximum daily BYX Exchange, Inc.; Notice of Filing
benefit rate for registration periods and Immediate Effectiveness of a 1. Purpose
beginning after June 30, 2017, shall be Proposed Rule Change To Amend BYX The Exchange proposes to amend
equal to 5 percent of the monthly Rule 11.13, Order Execution and Exchange Rule 11.13(b)(1) to describe
compensation base for the base year Routing when an order to sell marked 5 as
immediately preceding the beginning of ‘‘short’’ 6 may be eligible for routing
the benefit year. Section 2(a)(3) further October 25, 2016. when a short sale price test restriction
provides that if the amount so computed Pursuant to Section 19(b)(1) of the is in effect. Under Rule 201 of
is not a multiple of $1, it shall be Securities Exchange Act of 1934 (the Regulation SHO,7 short sale orders in a
rounded down to the nearest multiple of ‘‘Act’’),1 and Rule 19b–4 thereunder,2 covered security 8 generally cannot be
$1. notice is hereby given that on October executed or displayed by a Trading
The calendar year 2016 monthly 12, 2016, Bats BYX Exchange, Inc. (the Center,9 such as the Exchange, at a price
compensation base is $1,455. ‘‘Exchange’’ or ‘‘BYX’’) filed with the that is at or below the current national
Multiplying $1,455 by 0.05 yields Securities and Exchange Commission best bid (‘‘NBB’’) 10 when a short sale
$72.75. Accordingly, the maximum (‘‘Commission’’) the proposed rule circuit breaker is in effect for the
daily benefit rate for days of change as described in Items I, II, and covered security (the ‘‘short sale price
unemployment and days of sickness III below, which Items have been test restriction’’).11
beginning in registration periods after prepared by the Exchange. The Under Rule 11.13(b)(1), an order
June 30, 2017, is determined to be $72. Exchange has designated this proposal marked ‘‘short’’ when a short sale price
as a ‘‘non-controversial’’ proposed rule test restriction is in effect is not eligible
Dated: October 26, 2016. change pursuant to Section 19(b)(3)(A) for routing by the Exchange. If an order
By Authority of the Board. of the Act 3 and Rule 19b–4(f)(6)(iii) is ineligible for routing due to a short
Martha P. Rico, thereunder,4 which renders it effective sale price test restriction and such order
Secretary to the Board. upon filing with the Commission. The is an Immediate or Cancel (‘‘IOC’’)
[FR Doc. 2016–26167 Filed 10–28–16; 8:45 am] Commission is publishing this notice to Order 12 or a BYX Market Order,13 then
BILLING CODE 7905–01–P solicit comments on the proposed rule
change from interested persons. 5 17 CFR 242.200(g).
6 The term ‘‘short sale’’ is defined as ‘‘any sale of
I. Self-Regulatory Organization’s a security which the seller does not own or any sale
Statement of the Terms of the Substance which is consummated by the delivery of a security
SECURITIES AND EXCHANGE of the Proposed Rule Change borrowed by, or for the account of, the seller.’’ 17
COMMISSION CFR 242.200(a).
The Exchange filed a proposal to 7 See 17 CFR 242.201; Securities Exchange Act
Sunshine Act Meeting amend Exchange Rule 11.13(b)(1) to Release No. 61595 (February 26, 2010), 75 FR 11232
describe when an order marked as (March 10, 2010).
8 Rule 201(a)(1) of Regulation SHO defines the
FEDERAL REGISTER CITATION OF PREVIOUS ‘‘short’’ may be eligible for routing when
term ‘‘covered security’’ to mean any ‘‘NMS stock’’
ANNOUNCEMENT: [81 FR 73459, October a short sale price test restriction is in as defined under Rule 600(b)(47) of Regulation
25, 2016]. effect. NMS. Rule 600(b)(47) of Regulation NMS defines an
The text of the proposed rule change ‘‘NMS stock’’ as ‘‘any NMS security other than an
STATUS: Open Meeting. is available at the Exchange’s Web site option.’’ Rule 600(b)(46) of Regulation NMS defines
an ‘‘NMS security’’ as ‘‘any security or class of
PLACE: 100 F Street NE., Washington, at www.batstrading.com, at the securities for which transaction reports are
DC. principal office of the Exchange, and at collected, processed, and made available pursuant
the Commission’s Public Reference to an effective transaction reporting plan, or an
DATE AND TIME OF PREVIOUSLY ANNOUNCED effective national market system plan for reporting
Room.
MEETING: Wednesday, October 26, 2016 transactions in listed options.’’ 17 CFR
10:00 a.m. II. Self-Regulatory Organization’s 242.201(a)(1); 17 CFR 242.600(b)(46); and 17 CFR
Statement of the Purpose of, and 242.600(b)(47).
CHANGE IN THE MEETING: Time Change. 9 Rule 201(a)(9) of Regulation SHO states that the
Statutory Basis for, the Proposed Rule term ‘‘Trading Center’’ shall have the same meaning
The Open Meeting scheduled for Change as in Rule 600(b)(78) of Regulation NMS. Rule
Wednesday, October 26, 2016 at 10:00 600(b)(78) of Regulation NMS defines a ‘‘Trading
a.m., has been changed to Wednesday, In its filing with the Commission, the Center’’ as ‘‘a national securities exchange or
October 26, 2016 at 11:00 a.m. Exchange included statements national securities association that operates an SRO
concerning the purpose of and basis for trading facility, an alternative trading system, an
For further information and to the proposed rule change and discussed exchange market maker, an OTC market maker, or
ascertain what, if any, matters have been any comments it received on the any other broker or dealer that executes orders
added, deleted or postponed, please internally by trading as principal or crossing orders
proposed rule change. The text of these as agent.’’ 17 CFR 242.200(a)(9); 17 CFR
contact: statements may be examined at the 242.600(b)(78).
sradovich on DSK3GMQ082PROD with NOTICES
The Office of the Secretary at (202) places specified in Item IV below. The 10 17 CFR 242.201(a)(4); 17 CFR 242.600(b)(42).
551–5400. Exchange has prepared summaries, set 11 17 CFR 242.201(b)(1).
12 See Exchange Rule 11.9(b)(1).
Dated: October 26, 2016. forth in Sections A, B, and C below, of
13 See Exchange Rule 11.9(a)(2). The Exchange
Brent J. Fields, also proposes to remove the reference to BYX
1 15 U.S.C. 78s(b)(1).
Secretary. Market Orders in Rule 11.13(b)(1) as BYX Market
2 17 CFR 240.19b–4. Orders with a time-in-force of Day that are
[FR Doc. 2016–26304 Filed 10–27–16; 11:15 am] 3 15 U.S.C. 78s(b)(3)(A).
ineligible for routing due to a short sale price test
BILLING CODE 8011–01–P 4 17 CFR 240.19b–4(f)(6)(iii). restriction pursuant to Rule 201 of Regulation SHO
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Document Created: 2018-02-02 12:13:31
Document Modified: 2018-02-02 12:13:31
| 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 75456 |
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