81 FR 81828 - Self-Regulatory Organizations; Bats EDGX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Fees for Use of Bats EDGX Exchange, Inc.

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 81, Issue 223 (November 18, 2016)

Page Range		81828-81830
FR Document		2016-27744
Federal Register, Volume 81 Issue 223 (Friday, November 18, 2016)
[Federal Register Volume 81, Number 223 (Friday, November 18, 2016)]
[Notices]
[Pages 81828-81830]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-27744]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-79306; File No. SR-BatsEDGX-2016-63]


Self-Regulatory Organizations; Bats EDGX Exchange, Inc.; Notice 
of Filing and Immediate Effectiveness of a Proposed Rule Change to Fees 
for Use of Bats EDGX Exchange, Inc.

November 14, 2016.
    Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 
(the ``Act''),\1\ and Rule 19b-4 thereunder,\2\ notice is hereby given 
that on November 1, 2016, Bats EDGX Exchange, Inc. (the ``Exchange'' or 
``EDGX'') filed with the Securities and Exchange Commission 
(``Commission'') the proposed rule change as described in Items I, II 
and III below, which Items have been prepared by the Exchange. The 
Exchange has designated the proposed rule change as one establishing or 
changing a member due, fee, or other charge imposed by the Exchange 
under Section 19(b)(3)(A)(ii) of the Act \3\ and Rule 19b-4(f)(2) 
thereunder,\4\ which renders the proposed rule change effective upon 
filing with the Commission. The Commission is publishing this notice to 
solicit comments on the proposed rule change from interested persons.
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    \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).
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I. Self-Regulatory Organization's Statement of the Terms of Substance 
of the Proposed Rule Change

    The Exchange filed a proposal to amend the fee schedule applicable 
to Members \5\ and non-members of the Exchange pursuant to EDGA Rules 
15.1(a) and (c).
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    \5\ The term ``Member'' is defined as ``any registered broker or 
dealer that has been admitted to membership in the Exchange.'' See 
Exchange Rule 1.5(n).
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    The text of the proposed rule change is available at the Exchange's 
Web site at www.batstrading.com, at the principal office of the 
Exchange, and at the Commission's Public Reference Room.

II. Self-Regulatory Organization's Statement of the Purpose of, and 
Statutory Basis for, the Proposed Rule Change

    In its filing with the Commission, the Exchange included statements 
concerning the purpose of and basis for the proposed rule change and 
discussed any comments it received on the proposed rule change. The 
text of these statements may be examined at the places specified in 
Item IV below. The Exchange has prepared summaries, set forth in 
Sections A, B, and C below, of the most significant parts of such 
statements.

A. Self-Regulatory Organization's Statement of the Purpose of, and the 
Statutory Basis for, the Proposed Rule Change

1. Purpose
Fee Code Z
    The Exchange proposes to increase the fee for orders yielding fee 
code Z, which is yielded on orders routed to a non-exchange destination 
using ROUZ \6\ routing strategy, from $0.00100 to $0.00120 per share 
for securities priced at or above $1.00. The Exchange does not propose 
to amend the rate for orders yielding fee code Z in securities priced 
below $1.00.
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    \6\ See Exchange Rule 11.11(g)(3).
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Fee Code O
    The Exchange also proposes to amend footnote 5 of its Fee Schedule 
to increase the fee cap for orders yielding fee code O from $20,000 to 
$35,000 per month per Member. Fee code O is appended to orders that are 
touted to participate in the listing market's opening or re-opening 
cross and are charged a fee of $0.00100 per share for orders in 
securities priced at or above $1.00 and 0.30% of the transaction dollar 
value for securities priced below $1.00. When the Exchange routes to a 
listing exchange's opening cross, such as the Nasdaq Stock Market LLC 
(``Nasdaq''), the Exchange passes through the tier saving that Bats 
Trading, Inc. (``Bats Trading''), the Exchange's routing broker-dealer, 
achieves on an away exchange to its Members. This tier savings takes 
the form of a cap of Member's fees at $20,000 per month for using fee 
code O. The proposed increase in the fee cap under footnote 5 is in 
response to the September 2016 fee cap change by Nasdaq for orders that 
participate in their opening cross processes.\7\ Nasdaq's September 
2016 fee cap increase requires that members add, at a minimum, one 
million shares of liquidity to Nasdaq, on average per day, during the 
month to be eligible for its existing fee cap of $35,000 for orders 
that participate in the opening cross. When Bats Trading routes to 
Nasdaq's opening cross, it will now be subject to the increase fee cap 
and new tier requirement. The proposed increase to the fee cap under 
footnote 5 would enable the Exchange to equitably allocate its costs 
among all Members utilizing fee code O. Therefore, the Exchange 
proposes to amend footnote 5 to increase the fee cap for orders 
yielding fee code O from $20,000 to $35,000 per month per Member in 
response to Nasdaq's September 2016 increased fee cap and related 
requirements.
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    \7\ See Securities Exchange Act Release No. 78977 (September 29, 
2016), 81 FR 691140 [sic] (October 5, 2016) (SR-Nasdaq-2016-132) 
(increasing the fee cap for orders executed in its opening cross 
from $30,000 to $35,000).
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Implementation Date
    The Exchange proposes to implement this amendment to its Fee 
Schedule November 1, 2016.
2. Statutory Basis
    The Exchange believes that the proposed rule change is consistent 
with

[[Page 81829]]

the objectives of Section 6 of the Act,\8\ in general, and furthers the 
objectives of Section 6(b)(4),\9\ in particular, as it is designed to 
provide for the equitable allocation of reasonable dues, fees and other 
charges among its Members and other persons using its facilities.
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    \8\ 15 U.S.C. 78f.
    \9\ 15 U.S.C. 78f(b)(4).
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Fee Code Z
    The Exchange believes that its proposal to increase the fee for 
orders routed to a non-exchange destination that yield fee code Z 
represents an equitable allocation of reasonable dues, fees, and other 
charges among Members and other person using its facilities in that 
they are designed in part to cover the costs of routing. While Members 
that route to a non-exchange destination using ROUZ routing strategy 
will be paying higher fees due to the proposal, the increased revenue 
received by the Exchange will be used to fund the Exchange generally, 
including the cost of maintaining and improving the technology used to 
handle and route orders from the Exchange as well as programs that the 
Exchange believes help to attract additional liquidity and thus improve 
the depth of liquidity available on the Exchange. Accordingly, although 
the cost of routing is increasing, the Exchange believes that the 
increase is a modest increase and that higher routing fees will benefit 
Members in other ways. Furthermore, the Exchange notes that routing 
through the Exchange is voluntary. Lastly the Exchange also believes 
that the proposed amendment is non-discriminatory because it applies 
uniformly to all Members.
Fee Code O
    The Exchange believes that its proposal to amend footnote 5 to 
increase the fee cap for orders yielding fee code O from $20,000 to 
$35,000 per month per Member represents an equitable allocation of 
reasonable dues, fees, and other charges among Members and other 
persons using its facilities. The proposed increase in the fee cap 
under footnote 5 is in response to September 2016 fee cap increase by 
Nasdaq for orders that participate in their opening cross process. 
Prior to Nasdaq's September 2016 fee cap increase, Nasdaq capped Bats 
Trading monthly fees for participating in it's opening cross at 
$30,000. Nasdaq capped Bats Trading monthly fees for participating in 
its opining cross at $30,000. Nasdaq has now increased that cap to 
$35,000.\10\ The proposed increase to the fee cap under footnote 5 
would enable the Exchange to equitably allocate its costs among all 
Member who utilize fee code O. Therefore, the Exchange believes that 
the proposed change to footnote 5 is equitable and reasonable because 
it accounts for the increased Nasdaq fee cap, which enables the 
Exchange to apply to its Member similar fee caps. The Exchange notes 
that routing though Bats Trading is voluntary and believes that the 
proposed change is non-discriminatory because it applies uniformly to 
all Members.
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    \10\ See supra note 7.
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B. Self-Regulatory Organization's Statement on Burden on Competition

    This proposed rule change does not impose any burden on competition 
that is not necessary or appropriate in furtherance of the purposes of 
the Act. The Exchange does not believe that this change represents a 
significant departure from previous pricing offered by the Exchange or 
from pricing offered by the Exchange's competitors. Additionally, 
Members may opt to disfavor the Exchange's pricing if they believe that 
alternatives offer them better value. Accordingly, the Exchange does 
not believe that the proposed changes will impair the ability of 
Members or competing venues to maintain their competitive standing in 
the financial markets. The Exchange believes that its proposal would 
not burden intramarket competition because the proposed rates would 
apply uniformly to all Members.

C. Self-Regulatory Organization's Statement on Comments on the Proposed 
Rule Change Received From Members, Participants, or Others

    The Exchange has not solicited, and does not intend to solicit, 
comments on this proposed rule change. The Exchange has not received 
any written comments from members or other interested parties.

III. Date of Effectiveness of the Proposed Rule Change and Timing for 
Commission Action

    The foregoing rule change has become effective pursuant to Section 
19(b)(3)(A) of the Act \11\ and paragraph (f) of Rule 19b-4 
thereunder.\12\ 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.
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    \11\ 15 U.S.C. 78s(b)(3)(A).
    \12\ 17 CFR 240.19b-4(f).
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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 Comments

     Use 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-BatsEDGX-2016-63 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-BatsEDGX-2016-63. 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-BatsEDGX-2016-63, and should 
be submitted on or before December 9, 2016.


[[Page 81830]]


    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\13\
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    \13\ 17 CFR 200.30-3(a)(12).
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Brent J. Fields,
Secretary.
[FR Doc. 2016-27744 Filed 11-17-16; 8:45 am]
 BILLING CODE 8011-01-P
Federal Register / Vol. 81, No. 223 / Friday, November 18, 2016 / Notices 81829

the objectives of Section 6 of the Act,8 under footnote 5 would enable the investors, or otherwise in furtherance of
in general, and furthers the objectives of Exchange to equitably allocate its costs the purposes of the Act.
Section 6(b)(4),9 in particular, as it is among all Member who utilize fee code
designed to provide for the equitable O. Therefore, the Exchange believes that IV. Solicitation of Comments
allocation of reasonable dues, fees and the proposed change to footnote 5 is Interested persons are invited to
other charges among its Members and equitable and reasonable because it submit written data, views, and
other persons using its facilities. accounts for the increased Nasdaq fee arguments concerning the foregoing,
Fee Code Z cap, which enables the Exchange to including whether the proposed rule
apply to its Member similar fee caps. change is consistent with the Act.
The Exchange believes that its The Exchange notes that routing though
proposal to increase the fee for orders Comments may be submitted by any of
Bats Trading is voluntary and believes the following methods:
routed to a non-exchange destination that the proposed change is non-
that yield fee code Z represents an discriminatory because it applies Electronic Comments
equitable allocation of reasonable dues, uniformly to all Members.
fees, and other charges among Members • Use the Commission’s Internet
and other person using its facilities in B. Self-Regulatory Organization’s comment form (http://www.sec.gov/
that they are designed in part to cover Statement on Burden on Competition rules/sro.shtml); or
the costs of routing. While Members that
This proposed rule change does not • Send an email to rule-comments@
route to a non-exchange destination
using ROUZ routing strategy will be impose any burden on competition that sec.gov. Please include File Number SR–
paying higher fees due to the proposal, is not necessary or appropriate in BatsEDGX–2016–63 on the subject line.
the increased revenue received by the furtherance of the purposes of the Act. Paper Comments
Exchange will be used to fund the The Exchange does not believe that this
Exchange generally, including the cost change represents a significant • Send paper comments in triplicate
of maintaining and improving the departure from previous pricing offered to Secretary, Securities and Exchange
technology used to handle and route by the Exchange or from pricing offered Commission, 100 F Street NE.,
orders from the Exchange as well as by the Exchange’s competitors. Washington, DC 20549–1090.
programs that the Exchange believes Additionally, Members may opt to
disfavor the Exchange’s pricing if they All submissions should refer to File
help to attract additional liquidity and
believe that alternatives offer them Number SR–BatsEDGX–2016–63. This
thus improve the depth of liquidity
available on the Exchange. Accordingly, better value. Accordingly, the Exchange file number should be included on the
although the cost of routing is does not believe that the proposed subject line if email is used. To help the
increasing, the Exchange believes that changes will impair the ability of Commission process and review your
the increase is a modest increase and Members or competing venues to comments more efficiently, please use
that higher routing fees will benefit maintain their competitive standing in only one method. The Commission will
Members in other ways. Furthermore, the financial markets. The Exchange post all comments on the Commission’s
the Exchange notes that routing through believes that its proposal would not Internet Web site (http://www.sec.gov/
the Exchange is voluntary. Lastly the burden intramarket competition because rules/sro.shtml). Copies of the
Exchange also believes that the the proposed rates would apply submission, all subsequent
proposed amendment is non- uniformly to all Members. amendments, all written statements
discriminatory because it applies with respect to the proposed rule
C. Self-Regulatory Organization’s change that are filed with the
uniformly to all Members.
Statement on Comments on the Commission, and all written
Fee Code O Proposed Rule Change Received From communications relating to the
The Exchange believes that its Members, Participants, or Others proposed rule change between the
proposal to amend footnote 5 to increase The Exchange has not solicited, and Commission and any person, other than
the fee cap for orders yielding fee code does not intend to solicit, comments on those that may be withheld from the
O from $20,000 to $35,000 per month this proposed rule change. The public in accordance with the
per Member represents an equitable Exchange has not received any written provisions of 5 U.S.C. 552, will be
allocation of reasonable dues, fees, and comments from members or other available for Web site viewing and
other charges among Members and other interested parties. printing in the Commission’s Public
persons using its facilities. The Reference Room, 100 F Street NE.,
proposed increase in the fee cap under III. Date of Effectiveness of the Washington, DC 20549, on official
footnote 5 is in response to September Proposed Rule Change and Timing for business days between the hours of
2016 fee cap increase by Nasdaq for Commission Action 10:00 a.m. and 3:00 p.m. Copies of the
orders that participate in their opening filing also will be available for
cross process. Prior to Nasdaq’s The foregoing rule change has become
effective pursuant to Section 19(b)(3)(A) inspection and copying at the principal
September 2016 fee cap increase, office of the Exchange. All comments
Nasdaq capped Bats Trading monthly of the Act 11 and paragraph (f) of Rule
19b–4 thereunder.12 At any time within received will be posted without change;
fees for participating in it’s opening the Commission does not edit personal
cross at $30,000. Nasdaq capped Bats 60 days of the filing of the proposed rule
change, the Commission summarily may identifying information from
mstockstill on DSK3G9T082PROD with NOTICES

Trading monthly fees for participating submissions. You should submit only
in its opining cross at $30,000. Nasdaq temporarily suspend such rule change if
it appears to the Commission that such information that you wish to make
has now increased that cap to $35,000.10
action is necessary or appropriate in the available publicly. All submissions
The proposed increase to the fee cap
public interest, for the protection of should refer to File Number SR–
8 15 U.S.C. 78f.
BatsEDGX–2016–63, and should be
9 15 U.S.C. 78f(b)(4). 11 15 U.S.C. 78s(b)(3)(A). submitted on or before December 9,
10 See supra note 7. 12 17 CFR 240.19b–4(f). 2016.

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81830 Federal Register / Vol. 81, No. 223 / Friday, November 18, 2016 / Notices

For the Commission, by the Division of II. Clearing Agency’s Statement of the accessible to any Matching Utility that
Trading and Markets, pursuant to delegated Purpose of, and Statutory Basis for, the satisfies the connection requirements.
authority.13 Proposed Rule Change The Commission recently approved
Brent J. Fields, two applications by two separate
In its filing with the Commission, the entities, for exemption from registration
Secretary.
clearing agency included statements as a Clearing Agency to provide post-
[FR Doc. 2016–27744 Filed 11–17–16; 8:45 am]
concerning the purpose of and basis for trade matching services for fixed income
BILLING CODE 8011–01–P
the proposed rule change and discussed and equity trades (‘‘Approved
any comments it received on the Exemptions’’).11 According to the
proposed rule change. The text of these Commission’s notice of the Approved
SECURITIES AND EXCHANGE
statements may be examined at the Exemptions, these entities each
COMMISSION
places specified in Item IV below. The indicated an intention to offer matching
clearing agency has prepared services that connect to DTC for
[Release No. 34–79297; File No. SR–DTC– summaries, set forth in sections A, B, settlement.12
2016–012] and C below, of the most significant DTC proposes to revise the Guide to
aspects of such statements. generalize references to Matching
Self-Regulatory Organizations; The Utilities and make other changes, as set
Depository Trust Company; Notice of (A) Clearing Agency’s Statement of the forth below.
Filing and Immediate Effectiveness of Purpose of, and Statutory Basis for, the First, DTC would replace specific
a Proposed Rule Change To Modify the Proposed Rule Change references to Omgeo in sections
DTC Settlement Service Guide With describing procedures for the ID Net
1. Purpose
Respect to Settlement Instructions Service (‘‘ID Net’’) and Shareholder
Provided to DTC by Matching Utilities DTC may accept eligible affirmed Tracking Service to refer to a ‘‘Matching
institutional transactions (‘‘Institutional Utility’’ and delete provisions
November 14, 2016.
Transactions’’) 7 from an entity referencing to Omgeo by name.13
Pursuant to Section 19(b)(1) of the providing a matching service 8 Second, text in the ID Net section of
Securities Exchange Act of 1934 (‘‘Matching Utility’’) that is (i) a clearing the Guide regarding DTC’s acceptance of
(‘‘Act’’) 1 and Rule 19b–4 thereunder,2 agency registered pursuant to Section affirmed institutional transactions from
notice is hereby given that on November 17A of the Act, (ii) an entity that has Matching Utilities would be moved to a
3, 2016, The Depository Trust Company obtained an exemption from such new section describing Affirmed
(‘‘DTC’’) filed with the Securities and registration from the Commission, or Transactions more generally. The
Exchange Commission (‘‘Commission’’) (iii) a ‘‘qualified vendor’’ for trade proposed new section would
the proposed rule change as described confirmation/affirmation services as incorporate the definition of Affirmed
in Items I, II and III below, which Items defined by the rules of a self-regulatory Transactions, and expressly state DTC’s
have been prepared by the clearing organization.9 In addition, a Matching current requirement that in order for a
agency. DTC filed the proposed rule Utility must establish a connection to Matching Utility to establish and
change pursuant to Section 19(b)(3)(A) 3 DTC in accordance with DTC’s maintain a connection with DTC the
of the Act and Rule 19b–4(f)(4) 4 reasonable requirements in order to be Matching Utility must be able to balance
able to submit Affirmed Transactions. with DTC in an automated way 14 and
thereunder. The proposed rule change
was effective upon filing with the Currently, Omgeo Global Joint 11 Securities Exchange Act Release No. 76514
Commission. The Commission is Venture Matching Services—US, LLC (November 24, 2015), 80 FR 75387 (December 1,
publishing this notice to solicit (hereinafter ‘‘Omgeo’’) 10 is the only 2015) (600–33, 600–34) (Bloomberg STP LLC; SS&C
comments on the proposed rule change Matching Utility that has established a Technologies, Inc.; Order of the Commission
Approving Applications for an Exemption from
from interested persons. connection with DTC. This is reflected Registration as a Clearing Agency; Notice).
in the text of the Guide which contains 12 Id.
I. Clearing Agency’s Statement of the
specific references to Omgeo with 13 In this regard, the term Matching Utility would
Terms of Substance of the Proposed respect to DTC functions that are be defined in the Guide reflecting the definition
Rule Change provided above in this Form 19b–4. The
Commission notes that Form 19b–4 is attached to
7 An Institutional Transaction is a securities
The proposed rule change by DTC the filing, not to this Notice. The definition of
transaction between a broker-dealer and its Affirming Agency which appears in the ID Net
would make technical and clarifying institutional customer (e.g., sell-side firms, buy-side section of the Guide and is the functional
changes to text in the DTC Settlement institutions, and custodians). equivalent of the definition of Matching Utility as
Service Guide (‘‘Guide’’) 5 with respect 8 A matching service is an electronic service by
it relates to ID Net would be removed. Consistent
to settlement instructions provided to which an intermediary matches (i.e., reconciles) with this change, references in the Guide to the
trade information from the counterparties to an term Affirming Agency would be replaced to use
DTC by Matching Utilities (as defined Institutional Transaction, to generate an affirmed the term Matching Utility.
below) on behalf of Participants.6 transaction (‘‘Affirmed Transaction’’) which is then 14 For each Matching Utility interfacing with
used to provide settlement instructions for the DTC, DTC would require the Matching Utility to
13 17 Affirmed Transactions to the central securities deliver a daily message on each business day
CFR 200.30–3(a)(12).
1 15
depository, such as DTC, at which the Affirmed shortly after noon from the Matching Utility with
U.S.C. 78s(b)(1). Transaction settles.
2 17 CFR 240.19b–4. their accepted item counts of institutional delivery
9 See Securities Exchange Act Release No. 39829
3 15 U.S.C. 78s(b)(3)(A).
and ID Net (defined below) transaction totals for
(April 6, 1998), 63 FR 17943 (April 13, 1998) at Settlement Date minus one transactions. DTC’s
mstockstill on DSK3G9T082PROD with NOTICES

4 17 CFR 240.19b–4(f)(4).
17946 (providing interpretive guidance on types of system would compare the totals from the Matching
5 Available at http://www.dtcc.com/∼/media/ entities that may provide a matching service). Utility to its accepted item counts. If the totals
Files/Downloads/legal/service-guides/ 10 See [sic] Securities Exchange Act Release No. match, an ‘‘acknowledged balance’’ balance file
Settlement.pdf. 44188 (April 17, 2001), 66 FR 20494 (April 23, would be sent to the Matching Utility. If the totals
6 Capitalized Terms not otherwise defined herein 2001) (600–31) for the order of the Commission do not match, DTC would respond with the list of
have the meaning set forth in the DTC Rules, By- granting Omgeo an exemption from registration as Settlement Date minus one control numbers
laws and Organization Certificate (‘‘DTC Rules’’), a clearing agency. Omgeo is a global provider of received from the Matching Utility, along with their
available at http://www.dtcc.com/legal/rules-and- post-trade, pre-settlement processing services for respective transaction types for the originating
procedures.aspx, and the Guide, supra note 5. the institutional market. Matching Utility to compare.

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Document Created: 2018-02-14 08:31:57
Document Modified: 2018-02-14 08:31:57
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 81828