81_FR_82057 81 FR 81834 - Self-Regulatory Organizations; BOX Options Exchange LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Fee Schedule on the BOX Market LLC (“BOX”) Options Facility

81 FR 81834 - Self-Regulatory Organizations; BOX Options Exchange LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Fee Schedule on the BOX Market LLC (“BOX”) Options Facility

SECURITIES AND EXCHANGE COMMISSION

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

Page Range81834-81835
FR Document2016-27746

Federal Register, Volume 81 Issue 223 (Friday, November 18, 2016)
[Federal Register Volume 81, Number 223 (Friday, November 18, 2016)]
[Notices]
[Pages 81834-81835]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-27746]



[[Page 81834]]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-79308; File No. SR-BOX-2016-52]


Self-Regulatory Organizations; BOX Options Exchange LLC; Notice 
of Filing and Immediate Effectiveness of a Proposed Rule Change To 
Amend the Fee Schedule on the BOX Market LLC (``BOX'') Options Facility

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 8, 2016, BOX Options Exchange LLC (the ``Exchange'') 
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 filed the 
proposed rule change pursuant to Section 19(b)(3)(A)(ii) of the Act,\3\ 
and Rule 19b-4(f)(2) thereunder,\4\ which renders the proposal 
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 the 
Substance of the Proposed Rule Change

    The Exchange is filing with the Securities and Exchange Commission 
(``Commission'') a proposed rule change to amend the Fee Schedule on 
the BOX Market LLC (``BOX'') options facility. The text of the proposed 
rule change is available from the principal office of the Exchange, at 
the Commission's Public Reference Room and also on the Exchange's 
Internet Web site at http://boxexchange.com.

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 the Fee Schedule for trading on BOX. 
Specifically, the Exchange proposes to revise certain qualification 
thresholds in Sections I.B.1 of the BOX Fee Schedule, Primary 
Improvement Order and I.B.2 of the BOX Fee Schedule, the BOX Volume 
Rebate (``BVR'').
Primary Improvement Order
    Under the tiered fee schedule for Primary Improvement Orders, the 
Exchange assesses a per contract execution fee to all Primary 
Improvement Order executions where the corresponding PIP or COPIP Order 
is from the account of a Public Customer. Percentage thresholds are 
calculated on a monthly basis by totaling the Initiating Participant's 
Primary Improvement Order volume submitted to BOX, relative to the 
total national Customer volume in multiply-listed options classes. The 
Exchange proposes to adjust the percentage thresholds in Tiers 4 and 5. 
Specifically, the Exchange proposes to change Tier 4 from ``0.500% to 
0.999%'' to ``0.500% to 0.949%'' and Tier 5 from ``1.000% and Above'' 
to ``0.950% and Above.'' The Exchange notes that it is not proposing 
any changes to the fees within the Primary Improvement Order fee 
structure and the quantity submitted will continue to be calculated on 
a monthly basis by totaling the Initiating Participant's Primary 
Improvement Order volume submitted to BOX, relative to the total 
national Customer volume in multiply-listed options classes.
BVR
    Next, the Exchange proposes to adjust certain percentage thresholds 
within the BVR. Under the BVR, the Exchange offers a tiered per 
contract rebate for all Public Customer PIP Orders and COPIP Orders of 
100 and under contracts that do not trade solely with their contra 
order. Percentage thresholds are calculated on a monthly basis by 
totaling the Participant's PIP and COPIP volume submitted to BOX, 
relative to the total national Customer volume in multiply-listed 
options classes. The Exchange proposes to adjust the percentage 
thresholds in Tiers 3 and 4. Specifically, the Exchange proposes to 
change Tier 3 from ``0.340% to 0.999%'' to ``0.340% to 0.949%'' and 
Tier 4 from ``1.000% and Above'' to ``0.950% and Above.'' The Exchange 
notes that is it not proposing any changes to the fees within the BVR. 
The quantity submitted will continue to be calculated on a monthly 
basis by totaling the Participant's PIP and COPIP volume submitted to 
BOX, relative to the total national Customer volume in multiply-listed 
options classes.
2. Statutory Basis
    The Exchange believes that the proposal is consistent with the 
requirements of Section 6(b) of the Act, in general, and Section 
6(b)(4) and 6(b)(5)of the Act,\5\ in particular, in that it provides 
for the equitable allocation of reasonable dues, fees, and other 
charges among BOX Participants and other persons using its facilities 
and does not unfairly discriminate between customers, issuers, brokers 
or dealers.
---------------------------------------------------------------------------

    \5\ 15 U.S.C. 78f(b)(4) and (5).
---------------------------------------------------------------------------

    BOX believes it is reasonable, equitable and not unfairly 
discriminatory to adjust the monthly Percentage Thresholds of National 
Customer Volume in Multiply-Listed Options Classes. The volume 
thresholds with their tiered fees and rebates are meant to incentivize 
Participants to direct order flow to the Exchange to obtain the benefit 
of the lower fee or higher rebate, which in turn benefits all market 
participants by increasing liquidity on the Exchange.
    The Exchange believes the proposed amendments to the Primary 
Improvement Order percentage thresholds are reasonable, equitable and 
not unfairly discriminatory. The proposed changes to the thresholds are 
equitable and not unfairly discriminatory as they are available to all 
BOX Participants that initiate Auction Transactions, and Participants 
may choose whether or not to take advantage of the percentage 
thresholds and their applicable discounted fees. Further, the Exchange 
believes that the proposed changes are reasonable and competitive as 
they will further incentivize Participants to direct order flow to the 
Exchange, benefiting all market participants.
    The Exchange also believes the proposed amendments to the BVR in 
Section I.B.2 of the BOX Fee Schedule are reasonable, equitable and not 
unfairly discriminatory. The BVR was adopted to attract Public Customer 
order flow to the Exchange by offering these Participants incentives to 
submit their PIP and COPIP Orders to the Exchange and the Exchange 
believes it is appropriate to now amend the BVR. The Exchange believes 
it is equitable and not unfairly discriminatory to amend the BVR, as 
all Participants have the ability

[[Page 81835]]

to qualify for a rebate, and rebates are provided equally to qualifying 
Participants. Other exchanges employ similar incentive programs; \6\ 
and the Exchange believes that the proposed changes to the volume 
thresholds are reasonable and competitive when compared to incentive 
structures at other exchanges. Finally, the Exchange believes it is 
reasonable and appropriate to continue to provide incentives for Public 
Customers, which will result in greater liquidity and ultimately 
benefit all Participants trading on the Exchange.
---------------------------------------------------------------------------

    \6\ See Section B of the PHLX Pricing Schedule entitled 
``Customer Rebate Program;'' ISE Gemini's Qualifying Tier Thresholds 
(page 6 of the ISE Gemini Fee Schedule); and CBOE's Volume Incentive 
Program (VIP).
---------------------------------------------------------------------------

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 is simply 
proposing to amend certain percentage thresholds for Auction 
Transaction fees and rebates in the BOX Fee Schedule. The Exchange 
believes that the volume based rebates and fees increase intermarket 
and intramarket competition by incenting Participants to direct their 
order flow to the exchange, which benefits all participants by 
providing more trading opportunities and improves competition on the 
Exchange.

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

    The foregoing rule change has become effective pursuant to Section 
19(b)(3)(A)(ii) of the Exchange Act \7\ and Rule 19b-4(f)(2) 
thereunder,\8\ because it establishes or changes a due, or fee.
---------------------------------------------------------------------------

    \7\ 15 U.S.C. 78s(b)(3)(A)(ii).
    \8\ 17 CFR 240.19b-4(f)(2).
---------------------------------------------------------------------------

    At any time within 60 days of the filing of the proposed rule 
change, the Commission summarily may temporarily suspend the rule 
change if it appears to the Commission that the action is necessary or 
appropriate in the public interest, for the protection of investors, or 
would otherwise further 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, 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-BOX-2016-52 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-BOX-2016-52. 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 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-BOX-2016-52, and should be 
submitted on or before December 9, 2016.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\9\
---------------------------------------------------------------------------

    \9\ 17 CFR 200.30-3(a)(12).
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Brent J. Fields,
Secretary.
[FR Doc. 2016-27746 Filed 11-17-16; 8:45 am]
 BILLING CODE 8011-01-P



                                                  81834                         Federal Register / Vol. 81, No. 223 / Friday, November 18, 2016 / Notices

                                                  SECURITIES AND EXCHANGE                                  A. Self-Regulatory Organization’s                     not proposing any changes to the fees
                                                  COMMISSION                                               Statement of the Purpose of, and                      within the BVR. The quantity submitted
                                                                                                           Statutory Basis for, the Proposed Rule                will continue to be calculated on a
                                                  [Release No. 34–79308; File No. SR–BOX–
                                                                                                           Change                                                monthly basis by totaling the
                                                  2016–52]
                                                                                                                                                                 Participant’s PIP and COPIP volume
                                                                                                           1. Purpose
                                                  Self-Regulatory Organizations; BOX                                                                             submitted to BOX, relative to the total
                                                                                                              The Exchange proposes to amend the                 national Customer volume in multiply-
                                                  Options Exchange LLC; Notice of
                                                                                                           Fee Schedule for trading on BOX.                      listed options classes.
                                                  Filing and Immediate Effectiveness of
                                                                                                           Specifically, the Exchange proposes to
                                                  a Proposed Rule Change To Amend                                                                                2. Statutory Basis
                                                                                                           revise certain qualification thresholds in
                                                  the Fee Schedule on the BOX Market
                                                                                                           Sections I.B.1 of the BOX Fee Schedule,                  The Exchange believes that the
                                                  LLC (‘‘BOX’’) Options Facility
                                                                                                           Primary Improvement Order and I.B.2 of                proposal is consistent with the
                                                  November 14, 2016.                                       the BOX Fee Schedule, the BOX Volume                  requirements of Section 6(b) of the Act,
                                                     Pursuant to Section 19(b)(1) of the                   Rebate (‘‘BVR’’).                                     in general, and Section 6(b)(4) and
                                                  Securities Exchange Act of 1934 (the                                                                           6(b)(5)of the Act,5 in particular, in that
                                                                                                           Primary Improvement Order
                                                  ‘‘Act’’),1 and Rule 19b–4 thereunder,2                                                                         it provides for the equitable allocation
                                                  notice is hereby given that on November                     Under the tiered fee schedule for                  of reasonable dues, fees, and other
                                                  8, 2016, BOX Options Exchange LLC                        Primary Improvement Orders, the                       charges among BOX Participants and
                                                  (the ‘‘Exchange’’) filed with the                        Exchange assesses a per contract                      other persons using its facilities and
                                                  Securities and Exchange Commission                       execution fee to all Primary                          does not unfairly discriminate between
                                                  (‘‘Commission’’) the proposed rule                       Improvement Order executions where                    customers, issuers, brokers or dealers.
                                                  change as described in Items I, II, and                  the corresponding PIP or COPIP Order                     BOX believes it is reasonable,
                                                  III below, which Items have been                         is from the account of a Public                       equitable and not unfairly
                                                  prepared by the Exchange. The                            Customer. Percentage thresholds are                   discriminatory to adjust the monthly
                                                                                                           calculated on a monthly basis by                      Percentage Thresholds of National
                                                  Exchange filed the proposed rule change
                                                                                                           totaling the Initiating Participant’s                 Customer Volume in Multiply-Listed
                                                  pursuant to Section 19(b)(3)(A)(ii) of the
                                                                                                           Primary Improvement Order volume                      Options Classes. The volume thresholds
                                                  Act,3 and Rule 19b–4(f)(2) thereunder,4
                                                                                                           submitted to BOX, relative to the total               with their tiered fees and rebates are
                                                  which renders the proposal effective
                                                                                                           national Customer volume in multiply-                 meant to incentivize Participants to
                                                  upon filing with the Commission. The
                                                                                                           listed options classes. The Exchange                  direct order flow to the Exchange to
                                                  Commission is publishing this notice to
                                                                                                           proposes to adjust the percentage                     obtain the benefit of the lower fee or
                                                  solicit comments on the proposed rule
                                                                                                           thresholds in Tiers 4 and 5. Specifically,            higher rebate, which in turn benefits all
                                                  change from interested persons.
                                                                                                           the Exchange proposes to change Tier 4                market participants by increasing
                                                  I. Self-Regulatory Organization’s                        from ‘‘0.500% to 0.999%’’ to ‘‘0.500% to              liquidity on the Exchange.
                                                  Statement of the Terms of the Substance                  0.949%’’ and Tier 5 from ‘‘1.000% and                    The Exchange believes the proposed
                                                  of the Proposed Rule Change                              Above’’ to ‘‘0.950% and Above.’’ The                  amendments to the Primary
                                                     The Exchange is filing with the                       Exchange notes that it is not proposing               Improvement Order percentage
                                                  Securities and Exchange Commission                       any changes to the fees within the                    thresholds are reasonable, equitable and
                                                  (‘‘Commission’’) a proposed rule change                  Primary Improvement Order fee                         not unfairly discriminatory. The
                                                  to amend the Fee Schedule on the BOX                     structure and the quantity submitted                  proposed changes to the thresholds are
                                                  Market LLC (‘‘BOX’’) options facility.                   will continue to be calculated on a                   equitable and not unfairly
                                                  The text of the proposed rule change is                  monthly basis by totaling the Initiating              discriminatory as they are available to
                                                  available from the principal office of the               Participant’s Primary Improvement                     all BOX Participants that initiate
                                                  Exchange, at the Commission’s Public                     Order volume submitted to BOX,                        Auction Transactions, and Participants
                                                  Reference Room and also on the                           relative to the total national Customer               may choose whether or not to take
                                                  Exchange’s Internet Web site at http://                  volume in multiply-listed options                     advantage of the percentage thresholds
                                                  boxexchange.com.                                         classes.                                              and their applicable discounted fees.
                                                                                                                                                                 Further, the Exchange believes that the
                                                  II. Self-Regulatory Organization’s                       BVR
                                                                                                                                                                 proposed changes are reasonable and
                                                  Statement of the Purpose of, and                            Next, the Exchange proposes to adjust              competitive as they will further
                                                  Statutory Basis for, the Proposed Rule                   certain percentage thresholds within the              incentivize Participants to direct order
                                                  Change                                                   BVR. Under the BVR, the Exchange                      flow to the Exchange, benefiting all
                                                     In its filing with the Commission, the                offers a tiered per contract rebate for all           market participants.
                                                  Exchange included statements                             Public Customer PIP Orders and COPIP                     The Exchange also believes the
                                                  concerning the purpose of and basis for                  Orders of 100 and under contracts that                proposed amendments to the BVR in
                                                  the proposed rule change and discussed                   do not trade solely with their contra                 Section I.B.2 of the BOX Fee Schedule
                                                  any comments it received on the                          order. Percentage thresholds are                      are reasonable, equitable and not
                                                  proposed rule change. The text of these                  calculated on a monthly basis by                      unfairly discriminatory. The BVR was
                                                  statements may be examined at the                        totaling the Participant’s PIP and COPIP              adopted to attract Public Customer order
                                                  places specified in Item IV below. The                   volume submitted to BOX, relative to                  flow to the Exchange by offering these
                                                  Exchange has prepared summaries, set                     the total national Customer volume in                 Participants incentives to submit their
                                                                                                           multiply-listed options classes. The                  PIP and COPIP Orders to the Exchange
mstockstill on DSK3G9T082PROD with NOTICES




                                                  forth in Sections A, B, and C below, of
                                                  the most significant aspects of such                     Exchange proposes to adjust the                       and the Exchange believes it is
                                                  statements.                                              percentage thresholds in Tiers 3 and 4.               appropriate to now amend the BVR. The
                                                                                                           Specifically, the Exchange proposes to                Exchange believes it is equitable and not
                                                    1 15 U.S.C. 78s(b)(1).                                 change Tier 3 from ‘‘0.340% to 0.999%’’               unfairly discriminatory to amend the
                                                    2 17 CFR 240.19b–4.                                    to ‘‘0.340% to 0.949%’’ and Tier 4 from               BVR, as all Participants have the ability
                                                    3 15 U.S.C. 78s(b)(3)(A)(ii).                          ‘‘1.000% and Above’’ to ‘‘0.950% and
                                                    4 17 CFR 240.19b–4(f)(2).                              Above.’’ The Exchange notes that is it                  5 15   U.S.C. 78f(b)(4) and (5).



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                                                                              Federal Register / Vol. 81, No. 223 / Friday, November 18, 2016 / Notices                                                    81835

                                                  to qualify for a rebate, and rebates are                to determine whether the proposed rule                  For the Commission, by the Division of
                                                  provided equally to qualifying                          should be approved or disapproved.                    Trading and Markets, pursuant to delegated
                                                  Participants. Other exchanges employ                                                                          authority.9
                                                  similar incentive programs; 6 and the                   IV. Solicitation of Comments                          Brent J. Fields,
                                                  Exchange believes that the proposed                                                                           Secretary.
                                                                                                            Interested persons are invited to
                                                  changes to the volume thresholds are                    submit written data, views, and                       [FR Doc. 2016–27746 Filed 11–17–16; 8:45 am]
                                                  reasonable and competitive when                         arguments concerning the foregoing,                   BILLING CODE 8011–01–P
                                                  compared to incentive structures at
                                                                                                          including whether the proposed rule
                                                  other exchanges. Finally, the Exchange
                                                                                                          change is consistent with the Act.                    SECURITIES AND EXCHANGE
                                                  believes it is reasonable and appropriate
                                                                                                          Comments may be submitted by any of                   COMMISSION
                                                  to continue to provide incentives for
                                                  Public Customers, which will result in                  the following methods:
                                                  greater liquidity and ultimately benefit                Electronic Comments                                   [Release No. 34–79309; File No. SR–
                                                  all Participants trading on the Exchange.                                                                     BatsBZX–2016–76]
                                                                                                            • Use the Commission’s Internet
                                                  B. Self-Regulatory Organization’s                       comment form (http://www.sec.gov/                     Self-Regulatory Organizations; Bats
                                                  Statement on Burden on Competition                                                                            BZX Exchange, Inc.; Notice of Filing
                                                                                                          rules/sro.shtml); or
                                                    The Exchange does not believe that                                                                          and Immediate Effectiveness of a
                                                                                                            • Send an email to rule-comments@                   Proposed Rule Change Related to Fees
                                                  the proposed rule change will impose                    sec.gov. Please include File Number SR–
                                                  any burden on competition not                                                                                 for Use of Bats BZX Exchange, Inc.
                                                                                                          BOX–2016–52 on the subject line.
                                                  necessary or appropriate in furtherance                                                                       November 14, 2016.
                                                  of the purposes of the Act. The                         Paper Comments                                           Pursuant to Section 19(b)(1) of the
                                                  Exchange is simply proposing to amend                                                                         Securities Exchange Act of 1934 (the
                                                  certain percentage thresholds for                         • Send paper comments in triplicate
                                                                                                          to Secretary, Securities and Exchange                 ‘‘Act’’),1 and Rule 19b–4 thereunder,2
                                                  Auction Transaction fees and rebates in                                                                       notice is hereby given that on November
                                                  the BOX Fee Schedule. The Exchange                      Commission, 100 F Street NE.,
                                                                                                                                                                7, 2016, Bats BZX Exchange, Inc. (the
                                                  believes that the volume based rebates                  Washington, DC 20549–1090.
                                                                                                                                                                ‘‘Exchange’’ or ‘‘BZX’’) filed with the
                                                  and fees increase intermarket and                       All submissions should refer to File                  Securities and Exchange Commission
                                                  intramarket competition by incenting                    Number SR–BOX–2016–52. This file                      (‘‘Commission’’) the proposed rule
                                                  Participants to direct their order flow to              number should be included on the                      change as described in Items I, II, and
                                                  the exchange, which benefits all                        subject line if email is used. To help the            III below, which Items have been
                                                  participants by providing more trading                                                                        prepared by the Exchange. The
                                                                                                          Commission process and review your
                                                  opportunities and improves competition                                                                        Exchange has designated the proposed
                                                                                                          comments more efficiently, please use
                                                  on the Exchange.                                                                                              rule change as one establishing or
                                                                                                          only one method. The Commission will
                                                  C. Self-Regulatory Organization’s                       post all comments on the Commission’s                 changing a member due, fee, or other
                                                  Statement on Comments on the                            Internet Web site (http://www.sec.gov/                charge imposed by the Exchange under
                                                  Proposed Rule Change Received From                      rules/sro.shtml). Copies of the                       Section 19(b)(3)(A)(ii) of the Act 3 and
                                                  Members, Participants, or Others                        submission, all subsequent                            Rule 19b–4(f)(2) thereunder,4 which
                                                                                                          amendments, all written statements                    renders the proposed rule change
                                                    No written comments were either                                                                             effective upon filing with the
                                                  solicited or received.                                  with respect to the proposed rule
                                                                                                                                                                Commission. The Commission is
                                                                                                          change that are filed with the
                                                  III. Date of Effectiveness of the                                                                             publishing this notice to solicit
                                                                                                          Commission, and all written                           comments on the proposed rule change
                                                  Proposed Rule Change and Timing for                     communications relating to the
                                                  Commission Action                                                                                             from interested persons.
                                                                                                          proposed rule change between the
                                                     The foregoing rule change has become                 Commission and any person, other than                 I. Self-Regulatory Organization’s
                                                  effective pursuant to Section                           those that may be withheld from the                   Statement of the Terms of Substance of
                                                  19(b)(3)(A)(ii) of the Exchange Act 7 and               public in accordance with the                         the Proposed Rule Change
                                                  Rule 19b–4(f)(2) thereunder,8 because it                provisions of 5 U.S.C. 552, will be                      The Exchange filed a proposal to
                                                  establishes or changes a due, or fee.                   available for Web site viewing and                    amend the fee schedule applicable to
                                                     At any time within 60 days of the                    printing in the Commission’s Public                   Members 5 and non-members of the
                                                  filing of the proposed rule change, the                 Reference Room, 100 F Street NE.,                     Exchange pursuant to BZX Rules 15.1(a)
                                                  Commission summarily may                                Washington, DC 20549 on official                      and (c).
                                                  temporarily suspend the rule change if                  business days between the hours of                       The text of the proposed rule change
                                                  it appears to the Commission that the                   10:00 a.m. and 3:00 p.m. Copies of such               is available at the Exchange’s Web site
                                                  action is necessary or appropriate in the               filing also will be available for                     at www.batstrading.com, at the
                                                  public interest, for the protection of                  inspection and copying at the principal               principal office of the Exchange, and at
                                                  investors, or would otherwise further                   office of the Exchange. All comments                  the Commission’s Public Reference
                                                  the purposes of the Act. If the                         received will be posted without change;               Room.
                                                  Commission takes such action, the
                                                                                                          the Commission does not edit personal
                                                  Commission shall institute proceedings
mstockstill on DSK3G9T082PROD with NOTICES




                                                                                                                                                                  9 17 CFR 200.30–3(a)(12).
                                                                                                          identifying information from                            1 15 U.S.C. 78s(b)(1).
                                                    6 See Section B of the PHLX Pricing Schedule
                                                                                                          submissions. You should submit only                     2 17 CFR 240.19b–4.

                                                  entitled ‘‘Customer Rebate Program;’’ ISE Gemini’s      information that you wish to make                       3 15 U.S.C. 78s(b)(3)(A)(ii).

                                                  Qualifying Tier Thresholds (page 6 of the ISE           available publicly. All submissions                     4 17 CFR 240.19b–4(f)(2).
                                                  Gemini Fee Schedule); and CBOE’s Volume                 should refer to File Number SR–BOX–                     5 The term ‘‘Member’’ is defined as ‘‘any
                                                  Incentive Program (VIP).                                                                                      registered broker or dealer that has been admitted
                                                    7 15 U.S.C. 78s(b)(3)(A)(ii).
                                                                                                          2016–52, and should be submitted on or
                                                                                                                                                                to membership in the Exchange.’’ See Exchange
                                                    8 17 CFR 240.19b–4(f)(2).                             before December 9, 2016.                              Rule 1.5(n).



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Document Created: 2018-02-14 08:32:10
Document Modified: 2018-02-14 08:32:10
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
FR Citation81 FR 81834 

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