81 FR 9063 - Self-Regulatory Organizations; BOX Options Exchange LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Reduce the Order Handling Period for Directed Orders From Three Seconds to One Second

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 81, Issue 35 (February 23, 2016)

Page Range		9063-9065
FR Document		2016-03662
Federal Register, Volume 81 Issue 35 (Tuesday, February 23, 2016)
[Federal Register Volume 81, Number 35 (Tuesday, February 23, 2016)]
[Notices]
[Pages 9063-9065]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-03662]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-77154 ; File No. SR-BOX-2016-08]


Self-Regulatory Organizations; BOX Options Exchange LLC; Notice 
of Filing and Immediate Effectiveness of a Proposed Rule Change To 
Reduce the Order Handling Period for Directed Orders From Three Seconds 
to One Second

February 17, 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 February 5, 2016, BOX Options Exchange LLC (the ``Exchange'') filed 
with the Securities and Exchange Commission (``Commission'') the 
proposed rule change as described in Items I and II below, which Items 
have been prepared by the self-regulatory organization. The Commission 
is publishing this notice to solicit comments on the proposed rule from 
interested persons.
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
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I. Self-Regulatory Organization's Statement of the Terms of Substance 
of the Proposed Rule Change

    The Exchange proposes to reduce the order handling period for 
Directed Orders from three seconds to one second. 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.

[[Page 9064]]

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 self-regulatory organization 
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 self-regulatory organization 
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 Rule 8040(d)(4) (Obligations of 
Market Makers) of the BOX Trading Rules, and the corresponding IM-8040-
1 to reduce the order handling period for Directed Orders from three 
seconds to one second.\3\ Based on trading and order management systems 
technology today, a three second period for a Market Maker to determine 
how to proceed with a Directed Order on BOX is simply unnecessary and 
BOX believes one second to act upon a Directed Order is more 
appropriate.
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    \3\ A Directed Order is any Customer Order to buy or sell which 
has been directed to a particular Market Maker by an Order Flow 
Provider (``OFP''). See BOX Rule 100(a)(19).
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    Currently, upon receipt of a Directed Order, an Executing 
Participant (``EP'') has three seconds to either submit the Directed 
Order to the Price Improvement Period (``PIP'') \4\ or send the 
Directed Order to the BOX Book. If, three seconds after receipt of a 
Directed Order, an EP has not taken any action on the Directed Order, 
then BOX automatically releases the Directed Order to the BOX Book. The 
Exchange proposes to reduce the amount of time that an EP has to act on 
a Directed Order to one second.
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    \4\ See BOX Rule 7150.
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    IM-8040-1 currently provides that Market Makers are expected to act 
upon Directed Orders as immediately as practicable, which must not 
exceed three seconds. The Exchange proposes that this be reduced to one 
second.
    When approving previous reductions in order handling and exposure 
periods on BOX, the Commission concluded that, in the electronic 
environment of BOX, ``reducing each of these exposure periods from 
three seconds to one second could facilitate the prompt execution of 
orders, while continuing to provide market participants with an 
opportunity to compete for exposed bids and offers.'' \5\ While BOX 
recognizes that exposure and handling periods are different, BOX 
believes that reducing the handling period from three seconds to one 
second falls under the same rationale that the Commission approved for 
the reduction of the exposure period.\6\ Specifically, both situations 
involve decision making by a Participant's systems, whether it be to 
respond to the exposed order or how to handle a Directed Order. 
Therefore, the Exchange believes that the same rational [sic] should be 
used in determining the validity of the proposed change. Additionally, 
like the reduction of the exposure period, the reduction of the 
handling period from three seconds to one second could result in more 
timely executions of orders on BOX due to the shorter decision making 
time for the EPs. BOX also recognizes that one second is not long 
enough to allow human interaction when an EP receives a Directed Order. 
However, all EPs on BOX operate sufficiently automated electronic 
systems so that they can react and respond to receipt of a Directed 
Order in a meaningful way within fractions of a second and no longer 
need the three second period.\7\
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    \5\ See Securities Exchange Act Release Nos. 59638 (March 27, 
2009), 74 FR 15020 (April 2, 2009) (SR-BX-2009-015) (Order Granting 
Approval of Reduction of Certain Order Handling and Exposure Periods 
on BOX From Three Seconds to One Second). See also 68965 (February 
21, 2013), 78 FR 13387 (February 27, 2013) (SR-BOX-2013-08) (Notice 
of Filing of Proposed Rule Change to Reduce the Directed Order 
Exposure Period on BOX From Three Seconds to One Second).
    \6\ Id.
    \7\ The Exchange spoke with BOX Participants who unanimously 
confirmed that their respective systems can react and respond to 
receipt of a Directed Order within fractions of a second.
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    BOX believes that further reducing its Directed Order handling 
period from three seconds to one second will benefit customer orders 
submitted by OFPs. BOX believes it is in all participants' best 
interests to minimize the time of any order processing period. Further, 
BOX believes that reducing the Directed Order handling period to one 
second will continue to provide EPs sufficient time to appropriately 
respond to receipt of Directed Orders. As discussed above, reducing the 
handling period from three seconds to one second will result in a 
shorter decision making time for the EPs, which in turn could cause the 
Directed Orders to be handled more quickly. Thus, reducing the handling 
period from three seconds to one second could provide investors and 
other market participants with more timely executions of their orders 
on BOX. EPs on BOX are able to respond to orders in fractions of a 
second and BOX believes it is appropriate and beneficial for EPs to act 
upon receipt of Directed Orders within one second rather than three 
seconds.
    Within 90 days of the proposed rule change being operative, and at 
least one week prior to implementation, BOX will issue a regulatory 
circular to inform BOX Participants of the implementation date for the 
reduction of the Directed Order handling period from three seconds to 
one second. BOX has discussed the implementation of the change with the 
relevant Participants and believes this will give EPs adequate time to 
make any necessary system modifications to coincide with the 
implementation date.
2. Statutory Basis
    The Exchange believes that the proposal is consistent with the 
requirements of Section 6(b) of the Act,\8\ in general, and Section 
6(b)(5) of the Act,\9\ in particular, in that it is designed to promote 
just and equitable principles of trade, to foster cooperation and 
coordination with persons engaged in regulating, clearing, settling, 
processing information with respect to, and facilitating transactions 
in securities, to remove impediments to and perfect the mechanism for a 
free and open market and a national market system and, in general, to 
protect investors and the public interest. In particular, reducing the 
handling period from three seconds to one second will result in a 
shorter decision making time for the EPs, which in turn could cause the 
Directed Orders to be handled more quickly. Accordingly, the proposed 
rule change may provide investors with more prompt and timely execution 
of Directed Orders on BOX. Therefore, the proposed rule change is 
consistent with the requirements above.
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    \8\ 15 U.S.C. 78f(b).
    \9\ 15 U.S.C. 78f(b)(5).
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    The Exchange believes the proposed rule change is not unfairly 
discriminatory because the time period for acting upon Directed Orders 
would be the same for all EPs. As such, the Exchange believes that a 
reduction in the Directed Order handling time on BOX would not be 
unfairly discriminatory and would benefit investors.

B. Self-Regulatory Organization's Statement on Burden on Competition

    The Exchange believes the proposed change is not unfairly 
discriminatory because the handling time for Directed

[[Page 9065]]

Orders would be the same for all Participants. All Participants on BOX 
have today, and will continue to have, an equal opportunity to respond 
to Directed Orders exposed on BOX. As such, the Exchange believes that 
a reduction in the Directed Order handling period on BOX would not be 
unfairly discriminatory and would benefit investors. For these reasons, 
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.

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

    The Exchange has neither solicited nor received comments on the 
proposed rule change.

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

    The Exchange has filed the proposed rule change pursuant to Section 
19(b)(3)(A) of the Act \10\ and Rule 19b-4(f)(6) thereunder.\11\ 
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) of the Act \12\ and Rule 19b-4(f)(6) 
thereunder.\13\
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    \10\ 15 U.S.C. 78s(b)(3)(A).
    \11\ 17 CFR 240.19b-4(f)(6). In addition, Rule 19b-4(f)(6)(iii) 
requires the Exchange to give the Commission written notice of the 
Exchange's intent to file the proposed rule change, along with a 
brief description and text of 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.
    \12\ 15 U.S.C. 78s(b)(3)(A).
    \13\ 17 CFR 240.19b-4(f)(6).
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    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.\14\ If the 
Commission takes such action, the Commission shall institute 
proceedings to determine whether the proposed rule change should be 
approved or disapproved.\15\
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    \14\ 15 U.S.C. 78s(b)(3)(A).
    \15\ Id.
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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-BOX-2016-08 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-2016-08. 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-2016-08 and should be 
submitted on or before March 15, 2016.
    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\16\
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    \16\ 17 CFR 200.30-3(a)(12).

Robert W. Errett,
Deputy Secretary.
[FR Doc. 2016-03662 Filed 2-22-16; 8:45 am]
BILLING CODE 8011-01-P
9064 Federal Register / Vol. 81, No. 35 / Tuesday, February 23, 2016 / Notices

II. Self-Regulatory Organization’s execution of orders, while continuing to executions of their orders on BOX. EPs
Statement of the Purpose of, and provide market participants with an on BOX are able to respond to orders in
Statutory Basis for, the Proposed Rule opportunity to compete for exposed bids fractions of a second and BOX believes
Change and offers.’’ 5 While BOX recognizes that it is appropriate and beneficial for EPs
In its filing with the Commission, the exposure and handling periods are to act upon receipt of Directed Orders
self-regulatory organization included different, BOX believes that reducing within one second rather than three
statements concerning the purpose of, the handling period from three seconds seconds.
and basis for, the proposed rule change to one second falls under the same Within 90 days of the proposed rule
and discussed any comments it received rationale that the Commission approved change being operative, and at least one
on the proposed rule change. The text for the reduction of the exposure week prior to implementation, BOX will
of these statements may be examined at period.6 Specifically, both situations issue a regulatory circular to inform
the places specified in Item IV below. involve decision making by a BOX Participants of the implementation
The self-regulatory organization has Participant’s systems, whether it be to date for the reduction of the Directed
prepared summaries, set forth in respond to the exposed order or how to Order handling period from three
Sections A, B, and C below, of the most handle a Directed Order. Therefore, the seconds to one second. BOX has
significant aspects of such statements. Exchange believes that the same rational discussed the implementation of the
[sic] should be used in determining the change with the relevant Participants
A. Self-Regulatory Organization’s validity of the proposed change. and believes this will give EPs adequate
Statement of the Purpose of, and Additionally, like the reduction of the time to make any necessary system
Statutory Basis for, the Proposed Rule exposure period, the reduction of the modifications to coincide with the
Change handling period from three seconds to implementation date.
1. Purpose one second could result in more timely 2. Statutory Basis
executions of orders on BOX due to the
The Exchange proposes to amend The Exchange believes that the
shorter decision making time for the
Rule 8040(d)(4) (Obligations of Market proposal is consistent with the
EPs. BOX also recognizes that one
Makers) of the BOX Trading Rules, and requirements of Section 6(b) of the Act,8
second is not long enough to allow
the corresponding IM–8040–1 to reduce in general, and Section 6(b)(5) of the
human interaction when an EP receives
the order handling period for Directed Act,9 in particular, in that it is designed
a Directed Order. However, all EPs on
Orders from three seconds to one to promote just and equitable principles
second.3 Based on trading and order BOX operate sufficiently automated
electronic systems so that they can react of trade, to foster cooperation and
management systems technology today, coordination with persons engaged in
a three second period for a Market and respond to receipt of a Directed
Order in a meaningful way within regulating, clearing, settling, processing
Maker to determine how to proceed information with respect to, and
with a Directed Order on BOX is simply fractions of a second and no longer need
the three second period.7 facilitating transactions in securities, to
unnecessary and BOX believes one remove impediments to and perfect the
BOX believes that further reducing its
second to act upon a Directed Order is mechanism for a free and open market
Directed Order handling period from
more appropriate. and a national market system and, in
Currently, upon receipt of a Directed three seconds to one second will benefit
customer orders submitted by OFPs. general, to protect investors and the
Order, an Executing Participant (‘‘EP’’) public interest. In particular, reducing
has three seconds to either submit the BOX believes it is in all participants’
best interests to minimize the time of the handling period from three seconds
Directed Order to the Price to one second will result in a shorter
Improvement Period (‘‘PIP’’) 4 or send any order processing period. Further,
BOX believes that reducing the Directed decision making time for the EPs, which
the Directed Order to the BOX Book. If,
Order handling period to one second in turn could cause the Directed Orders
three seconds after receipt of a Directed
will continue to provide EPs sufficient to be handled more quickly.
Order, an EP has not taken any action
time to appropriately respond to receipt Accordingly, the proposed rule change
on the Directed Order, then BOX
of Directed Orders. As discussed above, may provide investors with more
automatically releases the Directed
reducing the handling period from three prompt and timely execution of
Order to the BOX Book. The Exchange
seconds to one second will result in a Directed Orders on BOX. Therefore, the
proposes to reduce the amount of time
shorter decision making time for the proposed rule change is consistent with
that an EP has to act on a Directed Order
EPs, which in turn could cause the the requirements above.
to one second. The Exchange believes the proposed
IM–8040–1 currently provides that Directed Orders to be handled more
quickly. Thus, reducing the handling rule change is not unfairly
Market Makers are expected to act upon
period from three seconds to one second discriminatory because the time period
Directed Orders as immediately as
could provide investors and other for acting upon Directed Orders would
practicable, which must not exceed
market participants with more timely be the same for all EPs. As such, the
three seconds. The Exchange proposes
Exchange believes that a reduction in
that this be reduced to one second.
When approving previous reductions 5 See Securities Exchange Act Release Nos. 59638 the Directed Order handling time on
in order handling and exposure periods (March 27, 2009), 74 FR 15020 (April 2, 2009) (SR– BOX would not be unfairly
BX–2009–015) (Order Granting Approval of discriminatory and would benefit
on BOX, the Commission concluded Reduction of Certain Order Handling and Exposure
that, in the electronic environment of Periods on BOX From Three Seconds to One
investors.
BOX, ‘‘reducing each of these exposure Second). See also 68965 (February 21, 2013), 78 FR B. Self-Regulatory Organization’s
mstockstill on DSK4VPTVN1PROD with NOTICES

13387 (February 27, 2013) (SR–BOX–2013–08)
periods from three seconds to one (Notice of Filing of Proposed Rule Change to
Statement on Burden on Competition
second could facilitate the prompt Reduce the Directed Order Exposure Period on BOX The Exchange believes the proposed
From Three Seconds to One Second).
3 A Directed Order is any Customer Order to buy 6 Id.
change is not unfairly discriminatory
or sell which has been directed to a particular 7 The Exchange spoke with BOX Participants who
because the handling time for Directed
Market Maker by an Order Flow Provider (‘‘OFP’’). unanimously confirmed that their respective
See BOX Rule 100(a)(19). systems can react and respond to receipt of a 8 15 U.S.C. 78f(b).
4 See BOX Rule 7150. Directed Order within fractions of a second. 9 15 U.S.C. 78f(b)(5).

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Federal Register / Vol. 81, No. 35 / Tuesday, February 23, 2016 / Notices 9065

Orders would be the same for all IV. Solicitation of Comments For the Commission, by the Division
Participants. All Participants on BOX of Trading and Markets, pursuant to
have today, and will continue to have, Interested persons are invited to delegated authority.16
an equal opportunity to respond to submit written data, views and
Directed Orders exposed on BOX. As arguments concerning the foregoing, Robert W. Errett,
such, the Exchange believes that a including whether the proposed rule Deputy Secretary.
reduction in the Directed Order change is consistent with the Act. [FR Doc. 2016–03662 Filed 2–22–16; 8:45 am]
handling period on BOX would not be Comments may be submitted by any of BILLING CODE 8011–01–P
unfairly discriminatory and would the following methods:
benefit investors. For these reasons, the
Exchange does not believe that the Electronic Comments SECURITIES AND EXCHANGE
proposed rule change will impose any • Use the Commission’s Internet COMMISSION
burden on competition not necessary or comment form (http://www.sec.gov/
appropriate in furtherance of the
rules/sro.shtml); or [Release No. 34–77158; File No. SR–FINRA–
purposes of the Act. 2016–008]
• Send an email to rule-comments@
C. Self-Regulatory Organization’s sec.gov. Please include File Number SR–
Statement on Comments on the Self-Regulatory Organizations;
BOX–2016–08 on the subject line. Financial Industry Regulatory
Proposed Rule Change Received From
Members, Participants, or Others Paper Comments Authority, Inc.; Notice of Filing and
Immediate Effectiveness of a Proposed
The Exchange has neither solicited • Send paper comments in triplicate
nor received comments on the proposed Rule Change To Delay the
to Secretary, Securities and Exchange Implementation Date of FINRA Rule
rule change.
Commission, 100 F Street NE., 2242 (Debt Research Analysts and
III. Date of Effectiveness of the Washington, DC 20549–1090. Debt Research Reports)
Proposed Rule Change and Timing for
Commission Action All submissions should refer to File February 17, 2016.
Number SR–BOX–2016–08. This file
The Exchange has filed the proposed number should be included on the Pursuant to Section 19(b)(1) of the
rule change pursuant to Section subject line if email is used. To help the Securities Exchange Act of 1934
19(b)(3)(A) of the Act 10 and Rule 19b– (‘‘Act’’) 1 and Rule 19b–4 thereunder,2
Commission process and review your
4(f)(6) thereunder.11 Because the notice is hereby given that on February
comments more efficiently, please use
foregoing proposed rule change does 16, 2016, Financial Industry Regulatory
only one method. The Commission will
not: (i) Significantly affect the Authority, Inc. (‘‘FINRA’’) filed with the
post all comments on the Commission’s
protection of investors or the public Securities and Exchange Commission
interest; (ii) impose any significant Internet Web site (http://www.sec.gov/
(the ‘‘Commission’’) the proposed rule
burden on competition; and (iii) become rules/sro.shtml). Copies of the
change as described in Items I, II, and
operative for 30 days from the date on submission, all subsequent III below, which Items have been
which it was filed, or such shorter time amendments, all written statements substantially prepared by FINRA.
as the Commission may designate, it has with respect to the proposed rule FINRA has designated the proposed rule
become effective pursuant to Section change that are filed with the change as constituting a ‘‘non-
19(b)(3)(A) of the Act 12 and Rule 19b– Commission, and all written controversial’’ rule change under
4(f)(6) thereunder.13 communications relating to the paragraph (f)(6) of Rule 19b–4 under the
At any time within 60 days of the proposed rule change between the Act,3 which renders the proposal
filing of the proposed rule change, the Commission and any person, other than effective upon receipt of this filing by
Commission summarily may those that may be withheld from the the Commission. The Commission is
temporarily suspend such rule change if public in accordance with the publishing this notice to solicit
it appears to the Commission that such provisions of 5 U.S.C. 552, will be comments on the proposed rule change
action is necessary or appropriate in the available for Web site viewing and from interested persons.
public interest, for the protection of printing in the Commission’s Public
investors, or otherwise in furtherance of Reference Room, 100 F Street NE., I. Self-Regulatory Organization’s
the purposes of the Act.14 If the Washington, DC 20549 on official Statement of the Terms of Substance of
Commission takes such action, the business days between the hours of the Proposed Rule Change
Commission shall institute proceedings 10:00 a.m. and 3:00 p.m. Copies of such
to determine whether the proposed rule FINRA is proposing to delay
filing also will be available for implementation of FINRA Rule 2242
change should be approved or
inspection and copying at the principal (Debt Research Analysts and Debt
disapproved.15
office of the Exchange. All comments Research Reports) until April 22, 2016.
10 15 U.S.C. 78s(b)(3)(A).
received will be posted without change; The proposed rule change would not
11 17 CFR 240.19b–4(f)(6). In addition, Rule 19b– the Commission does not edit personal make any other changes to FINRA rules.
4(f)(6)(iii) requires the Exchange to give the identifying information from The text of the proposed rule change
Commission written notice of the Exchange’s intent submissions. You should submit only
to file the proposed rule change, along with a brief is available on FINRA’s Web site at
information that you wish to make
mstockstill on DSK4VPTVN1PROD with NOTICES

description and text of the proposed rule change, http://www.finra.org, at the principal
at least five business days prior to the date of filing available publicly. All submissions office of FINRA and at the
of the proposed rule change, or such shorter time should refer to File Number SR–BOX–
as designated by the Commission. The Exchange
Commission’s Public Reference Room.
has satisfied this requirement.
2016–08 and should be submitted on or
12 15 U.S.C. 78s(b)(3)(A). before March 15, 2016. 16 17 CFR 200.30–3(a)(12).
13 17 CFR 240.19b–4(f)(6). 1 15 U.S.C. 78s(b)(1).
14 15 U.S.C. 78s(b)(3)(A). 2 17 CFR 240.19b–4.
15 Id. 3 17 CFR 240.19b–4(f)(6).

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Document Created: 2018-02-02 14:33:31
Document Modified: 2018-02-02 14:33:31
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 9063