82 FR 11971 - Self-Regulatory Organizations; International Securities Exchange, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend the Schedule of Fees
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 82, Issue 37 (February 27, 2017)
Federal Register Volume 82, Issue 37 (February 27, 2017)
| Page Range | 11971-11973 | |
| FR Document | 2017-03799 |
[Federal Register Volume 82, Number 37 (Monday, February 27, 2017)] [Notices] [Pages 11971-11973] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2017-03799] ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION [Release No. 34-80080; File No. SR-ISE-2017-10] Self-Regulatory Organizations; International Securities Exchange, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend the Schedule of Fees February 22, 2017. 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 10, 2017, the International Securities Exchange, LLC (``ISE'' or ``Exchange'') filed with the Securities and Exchange Commission (``SEC'' or ``Commission'') the proposed rule change as described in Items I and II, below, which Items have been prepared by the Exchange. The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons. --------------------------------------------------------------------------- \1\ 15 U.S.C. 78s(b)(1). \2\ 17 CFR 240.19b-4. --------------------------------------------------------------------------- I. Self-Regulatory Organization's Statement of the Terms of Substance of the Proposed Rule Change The Exchange proposes to amend the Exchange's Schedule of Fees, as described in further detail below. The text of the proposed rule change is available on the Exchange's Web site at www.ise.com, at the principal office of the Exchange, and at the Commission's Public Reference Room. II. Self-Regulatory Organization's Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change In its filing with the Commission, the Exchange included statements concerning the purpose of and basis for the proposed rule change and discussed any comments it received on the proposed rule change. The text of these statements may be examined at the places specified in Item IV below. The Exchange has prepared summaries, set forth in sections A, B, and C below, of the most significant aspects of such statements. A. Self-Regulatory Organization's Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change 1. Purpose The purpose of the proposed rule change is to amend the Exchange's Schedule of Fees to increase, for all symbols other than FX Option Symbols,\3\ the fees applicable to Professional Customers \4\ for the initiating or contra side of Qualified Contingent Cross (``QCC'') orders or orders executed in the Solicited Order Mechanism (``Solicitation'' orders). Accordingly, the proposed rule change will also increase the rebates that the Exchange currently provides to members using QCC and/or other solicited crossing orders, including solicited orders executed in the Solicitation, Facilitation, and Price Improvement Mechanisms (``solicited crossing orders''), in each case between Professional Customers or between a Professional Customer and a Priority Customer.\5\ --------------------------------------------------------------------------- \3\ ``FX Option Symbols'' are options overlying AUM, GBP, EUU and NDO. \4\ A ``Professional Customer'' is a person or entity that is not a broker/dealer and is not a Priority Customer. \5\ A ``Priority Customer'' is a person or entity that: (i) is not a broker or dealer in securities; and (ii) does not place more than 390 orders in listed options per day on average during a calendar month for its own beneficial account(s), as defined in ISE Rule 100(a)(37A). --------------------------------------------------------------------------- Currently, the Exchange does not charge a fee to Professional Customers for QCC and Solicitation orders.\6\ As such, Professional Customer volume in QCC and Solicitation orders are rebated in accordance with the standard ``Customer to Customer'' rebate tiers, which are lower than the rebates provided for QCC and other solicited crossing orders to all other market participants than Professional and Priority Customers, as further described below. --------------------------------------------------------------------------- \6\ See Securities Exchange Act Release No. 79811 (January 17, 2017), 82 FR 8244 (January 24, 2017) (SR-ISE-2017-01) (eliminating the Professional Customer fee for the initiating or contra side of a QCC or Solicitation order) (the ``January Fee Filing''). --------------------------------------------------------------------------- The Exchange presently offers members rebates in QCC and other solicited crossing orders. These rebates are provided for each originating contract side of a crossing order, based on a member's volume in the crossing mechanisms during a given month. The applicable rebates will be applied on QCC and other solicited crossing order traded contracts once the specified volume threshold is met. Members receive the Non-``Customer to Customer'' Rebate for all QCC and/or other solicited crossing orders except for QCC and other solicited crossing orders between two Priority and/or Professional Customers. QCC and other solicited crossing orders between two Priority and/or Professional Customers receive the ``Customer to Customer'' Rebate or ``Customer to Customer'' [[Page 11972]] Rebate PLUS,\7\ respectively. Currently, for the Non-``Customer to Customer'' Rebate, for members that execute 0 to 99,999 originating contract sides (``Tier 1'') the rebate is $0.00 per contract, for members that execute 100,000 to 199,999 originating contract sides (``Tier 2'') the rebate is $0.05 per contract, for members that execute 200,000 to 499,999 originating contract sides (``Tier 3'') the rebate is $0.07 per contract, for members that execute 500,000 to 699,999 originating contract sides (``Tier 4'') the rebate is $0.08 per contract, for members that execute 700,000 to 999,999 originating contract sides (``Tier 5'') the rebate is $0.09 per contract, and for members that execute 1,000,000 originating contract sides or more (``Tier 6'') the rebate is $0.11 per contract.\8\ Also, for the ``Customer to Customer'' Rebate, for Tier 1 the rebate is $0.00, for Tiers 2 and 3 the rebate is $0.01, and for Tiers 4 through 6 the rebate is $0.03. Lastly, for the ``Customer to Customer'' Rebate PLUS, for Tier 1 the rebate is $0.00, and for Tiers 2 through 6 the rebate is $0.05. --------------------------------------------------------------------------- \7\ The PLUS rebates currently apply to ``Customer to Customer'' Orders (i.e. QCC and other solicited crossing orders between two Priority and/or Professional Customers) executed by members with (1) a specified volume of QCC and other solicited crossing orders in a given month and (2) 175,000 or more unsolicited originating Facilitation contract sides per month. The Exchange notes that members may receive either the ``Customer to Customer'' Rebate or the ``Customer to Customer'' Rebate PLUS--not both. \8\ The rebate is applied to the originating contract side of QCC and other solicited crossing orders traded in a given month once a member reaches the specified volume threshold/tier during that month. --------------------------------------------------------------------------- The Exchange now proposes to charge a fee of $0.10 per contract to Professional Customers for QCC and Solicitation orders. Accordingly, the Exchange also proposes that Professional Customer volume in QCC and Solicitation orders, as well as other solicited crossing orders, be rebated in the higher amounts set forth in the Non-``Customer to Customer'' Rebate tiers as described above. As a result of the proposed changes, members would receive the ``Customer to Customer'' Rebate and the ``Customer to Customer'' Rebate PLUS for QCC and/or other solicited crossing orders between two Priority Customers only. 2. Statutory Basis The Exchange believes that its proposal is consistent with Section 6(b) of the Act,\9\ in general, and furthers the objectives of Sections 6(b)(4) and 6(b)(5) of the Act,\10\ in particular, in that it provides for the equitable allocation of reasonable dues, fees and other charges among members and issuers and other persons using any facility, and is not designed to permit unfair discrimination between customers, issuers, brokers, or dealers. --------------------------------------------------------------------------- \9\ 15 U.S.C. 78f(b). \10\ 15 U.S.C. 78f(b)(4) and (5). --------------------------------------------------------------------------- The Exchange believes that it is reasonable and equitable to increase the fee for Professional Customer QCC and Solicitation orders because the proposed fee is designed to be attractive to Professional Customers that trade on ISE, and is generally lower than the fees applicable to other market participants, except for Priority Customers. Although the Exchange is increasing the Professional Customer fee for QCC and Solicitation orders, it is also increasing the associated rebates that the Exchange provides to members using such orders with the intent to attract greater order flow to ISE, which would ultimately benefit all market participants that trade on the Exchange. In addition, the Exchange believes that it is equitable and not unfairly discriminatory to continue to provide lower fees for Priority Customer orders. A Priority Customer is by definition not a broker or dealer in securities, and does not place more than 390 orders in listed options per day on average during a calendar month for its own beneficial account(s). This limitation does not apply to participants whose behavior is substantially similar to that of market professionals, including Professional Customers, who will generally submit a higher number of orders than Priority Customers. The Exchange notes that a recent modification to its rules caused a number of its Priority Customers to be re-classified as Professional Customers.\11\ Under the rule change, such market participants who were previously classified as Priority Customers, and incurred no fees for executing QCC and Solicitation orders, would have started incurring such fees after being re-classified as Professional Customers. The Exchange therefore decided to treat these market participants the same as Priority Customers for purposes of the QCC and Solicitation orders as a means of easing the transition process for such participants. Following the one month period, the Exchange has determined that it is reasonable to begin assessing fees for Professional Customer QCC and Solicitation orders, which are still lower than the original amounts assessed prior to the January Fee Filing. --------------------------------------------------------------------------- \11\ See Securities Exchange Act Release No. 78788 (September 8, 2016), 81 FR 63252 (September 14, 2016) (SR-ISE-2016-19). --------------------------------------------------------------------------- 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. In terms of inter-market competition, the Exchange notes that it operates in a highly competitive market in which market participants can readily favor competing venues if they deem fee levels at a particular venue to be excessive, or rebate opportunities available at other venues to be more favorable. In such an environment, the Exchange must continually adjust its fees to remain competitive with other exchanges and with alternative trading systems that have been exempted from compliance with the statutory standards applicable to exchanges. Because competitors are free to modify their own fees in response, and because market participants may readily adjust their order routing practices, the degree to which fee changes in this market may impose any burden on competition is extremely limited. 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 Act,\12\ and Rule 19b-4(f)(2) \13\ thereunder. At any time within 60 days of the filing of the proposed rule change, the Commission summarily may temporarily suspend such rule change if it appears to the Commission that such action is: (i) Necessary or appropriate in the public interest; (ii) for the protection of investors; or (iii) otherwise in furtherance of the purposes of the Act. If the Commission takes such action, the Commission shall institute proceedings to determine whether the proposed rule should be approved or disapproved. --------------------------------------------------------------------------- \12\ 15 U.S.C. 78s(b)(3)(A)(ii). \13\ 17 CFR 240.19b-4(f)(2). --------------------------------------------------------------------------- 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: [[Page 11973]] Electronic CommentsUse the Commission's Internet comment form (http://www.sec.gov/rules/sro.shtml); or Send an email to [email protected]. Please include File Number SR-ISE-2017-10 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-ISE-2017-10. 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 and should be submitted on or before March 20, 2017. --------------------------------------------------------------------------- \14\ 17 CFR 200.30-3(a)(12). For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.\14\ Eduardo A. Aleman, Assistant Secretary. [FR Doc. 2017-03799 Filed 2-24-17; 8:45 am] BILLING CODE 8011-01-P
![Federal Register / Vol. 82, No. 37 / Monday, February 27, 2017 / Notices 11971
available publicly. All submissions SECURITIES AND EXCHANGE symbols other than FX Option
should refer to File Number SR–Phlx– COMMISSION Symbols,3 the fees applicable to
2016–105, and should be submitted on Professional Customers 4 for the
[Release No. 34–80080; File No. SR–ISE–
or before March 20, 2017. 2017–10]
initiating or contra side of Qualified
Contingent Cross (‘‘QCC’’) orders or
V. Accelerated Approval of Proposed orders executed in the Solicited Order
Self-Regulatory Organizations;
Rule Change, as Modified by International Securities Exchange, Mechanism (‘‘Solicitation’’ orders).
Amendment No. 1 LLC; Notice of Filing and Immediate Accordingly, the proposed rule change
Effectiveness of Proposed Rule will also increase the rebates that the
The Commission finds good cause to
Change To Amend the Schedule of Exchange currently provides to
approve the proposed rule change, as
Fees members using QCC and/or other
modified by Amendment No. 1, prior to solicited crossing orders, including
the thirtieth day after the date of February 22, 2017. solicited orders executed in the
publication of the notice of Amendment Pursuant to Section 19(b)(1) of the Solicitation, Facilitation, and Price
No. 1 in the Federal Register. As Securities Exchange Act of 1934 Improvement Mechanisms (‘‘solicited
described above, in Amendment No. 1, (‘‘Act’’),1 and Rule 19b–4 thereunder,2 crossing orders’’), in each case between
Phlx updated its proposal to reflect: (1) notice is hereby given that on February Professional Customers or between a
That members of the Board Panel may 10, 2017, the International Securities Professional Customer and a Priority
not have been involved at all in the Exchange, LLC (‘‘ISE’’ or ‘‘Exchange’’) Customer.5
decision appealed from and must filed with the Securities and Exchange Currently, the Exchange does not
otherwise have no conflict of interest; Commission (‘‘SEC’’ or ‘‘Commission’’) charge a fee to Professional Customers
and (2) that the Board shall choose the proposed rule change as described for QCC and Solicitation orders.6 As
individuals whose background, in Items I and II, below, which Items such, Professional Customer volume in
experience, and training qualify them to have been prepared by the Exchange. QCC and Solicitation orders are rebated
The Commission is publishing this in accordance with the standard
consider and make determinations
notice to solicit comments on the ‘‘Customer to Customer’’ rebate tiers,
regarding the subject matter to be
proposed rule change from interested which are lower than the rebates
presented to the panel. The Commission persons.
believes that Amendment No. 1 clarifies provided for QCC and other solicited
the criteria for ensuring the I. Self-Regulatory Organization’s crossing orders to all other market
independence of the Board Panel that Statement of the Terms of Substance of participants than Professional and
could hear an appeal pursuant to Rules the Proposed Rule Change Priority Customers, as further described
507 and 510. Accordingly, for the The Exchange proposes to amend the below.
reasons noted above, the Commission Exchange’s Schedule of Fees, as The Exchange presently offers
described in further detail below. members rebates in QCC and other
finds good cause for approving the
The text of the proposed rule change solicited crossing orders. These rebates
proposed rule change, as modified by
is available on the Exchange’s Web site are provided for each originating
Amendment No. 1, on an accelerated
at www.ise.com, at the principal office contract side of a crossing order, based
basis, pursuant to Section 19(b)(2) of the on a member’s volume in the crossing
Act.55 of the Exchange, and at the
Commission’s Public Reference Room. mechanisms during a given month. The
VI. Conclusion applicable rebates will be applied on
II. Self-Regulatory Organization’s QCC and other solicited crossing order
It is therefore ordered, pursuant to Statement of the Purpose of, and traded contracts once the specified
Section 19(b)(2) of the Act,56 that the Statutory Basis for, the Proposed Rule volume threshold is met. Members
proposed rule change (SR–Phlx–2016– Change receive the Non-‘‘Customer to
105), as modified by Amendment No. 1 In its filing with the Commission, the Customer’’ Rebate for all QCC and/or
thereto, be, and hereby is, approved on Exchange included statements other solicited crossing orders except for
an accelerated basis. concerning the purpose of and basis for QCC and other solicited crossing orders
the proposed rule change and discussed between two Priority and/or
For the Commission, by the Division of
any comments it received on the Professional Customers. QCC and other
Trading and Markets, pursuant to delegated
proposed rule change. The text of these solicited crossing orders between two
authority.57
statements may be examined at the Priority and/or Professional Customers
Eduardo A. Aleman, receive the ‘‘Customer to Customer’’
places specified in Item IV below. The
Assistant Secretary. Exchange has prepared summaries, set Rebate or ‘‘Customer to Customer’’
[FR Doc. 2017–03729 Filed 2–24–17; 8:45 am] forth in sections A, B, and C below, of
BILLING CODE 8011–01–P the most significant aspects of such 3 ‘‘FX Option Symbols’’ are options overlying
statements. AUM, GBP, EUU and NDO.
4 A ‘‘Professional Customer’’ is a person or entity
A. Self-Regulatory Organization’s that is not a broker/dealer and is not a Priority
Statement of the Purpose of, and Customer.
5 A ‘‘Priority Customer’’ is a person or entity that:
Statutory Basis for, the Proposed Rule
(i) is not a broker or dealer in securities; and (ii)
Change does not place more than 390 orders in listed
mstockstill on DSK3G9T082PROD with NOTICES
1. Purpose options per day on average during a calendar month
for its own beneficial account(s), as defined in ISE
The purpose of the proposed rule Rule 100(a)(37A).
6 See Securities Exchange Act Release No. 79811
change is to amend the Exchange’s
(January 17, 2017), 82 FR 8244 (January 24, 2017)
Schedule of Fees to increase, for all (SR–ISE–2017–01) (eliminating the Professional
55 15 U.S.C. 78s(b)(2).
Customer fee for the initiating or contra side of a
56 Id. 1 15 U.S.C. 78s(b)(1). QCC or Solicitation order) (the ‘‘January Fee
57 17 CFR 200.30–3(a)(12). 2 17 CFR 240.19b–4. Filing’’).
VerDate Sep<11>2014 20:23 Feb 24, 2017 Jkt 241001 PO 00000 Frm 00081 Fmt 4703 Sfmt 4703 E:\FR\FM\27FEN1.SGM 27FEN1](https://thefederalregister.org/doc/82_FR_12008/page/1.svg)
![Federal Register / Vol. 82, No. 37 / Monday, February 27, 2017 / Notices 11973
Electronic Comments SECURITIES AND EXCHANGE set forth in sections A, B, and C below,
COMMISSION of the most significant parts of such
• Use the Commission’s Internet statements.
comment form (http://www.sec.gov/ [Release No. 34–80082; File No. SR–
rules/sro.shtml); or NYSEArca–2017–14] A. Self-Regulatory Organization’s
Statement of the Purpose of, and
• Send an email to rule-comments@ Self-Regulatory Organizations; NYSE Statutory Basis for, the Proposed Rule
sec.gov. Please include File Number SR– Arca, Inc.; Notice of Filing and Change
ISE–2017–10 on the subject line. Immediate Effectiveness of Proposed
Rule Change Amending the Eighth 1. Purpose
Paper Comments Amended and Restated Certificate of
Incorporation of Intercontinental The Exchange proposes to make non-
• Send paper comments in triplicate substantive changes to (a) the ICE
to Secretary, Securities and Exchange Exchange Holdings, Inc. and the Fifth
Amended and Restated Certificate of Holdings Certificate to add a reference
Commission, 100 F Street NE., to the name under which it filed its
Washington, DC 20549–1090. Incorporation of NYSE Group, Inc.
original certificate of incorporation, and
All submissions should refer to File February 22, 2017. (b) the Fifth Amended NYSE Group
Number SR–ISE–2017–10. This file Pursuant to Section 19(b)(1) 1 of the Certificate to update obsolete references.
number should be included on the Securities Exchange Act of 1934 (the
‘‘Act’’) 2 and Rule 19b–4 thereunder,3 ICE Holdings Certificate
subject line if email is used. To help the
notice is hereby given that on February The Exchange’s parent, NYSE Group,
Commission process and review your
8, 2017, NYSE Arca, Inc. (‘‘NYSE Arca’’ is a wholly-owned subsidiary of NYSE
comments more efficiently, please use
or the ‘‘Exchange’’), filed with the Holdings LLC, which is in turn 100%
only one method. The Commission will Securities and Exchange Commission
post all comments on the Commission’s owned by Intercontinental Exchange
(the ‘‘Commission’’) the proposed rule Holdings, Inc. (‘‘ICE Holdings’’).
Internet Web site (http://www.sec.gov/ change as described in Items I and II
rules/sro.shtml). Copies of the Intercontinental Exchange, Inc. (‘‘ICE’’),
below, which Items have been prepared a public company listed on the New
submission, all subsequent by the self-regulatory organization. The
amendments, all written statements York Stock Exchange, owns 100% of
Commission is publishing this notice to ICE Holdings.
with respect to the proposed rule solicit comments on the proposed rule
change that are filed with the change from interested persons. The original certificate of
Commission, and all written incorporation of ICE Holdings was filed
communications relating to the I. Self-Regulatory Organization’s in 2000, under the name
Statement of the Terms of the Substance ‘‘IntercontinentalExchange, Inc.’’ In
proposed rule change between the
of the Proposed Rule Change 2014, ICE Holdings changed its name
Commission and any person, other than
those that may be withheld from the The Exchange proposes to amend (a) from ‘‘IntercontinentalExchange, Inc.’’
public in accordance with the the Eighth Amended and Restated to ‘‘Intercontinental Exchange Holdings,
provisions of 5 U.S.C. 552, will be Certificate of Incorporation of Inc.’’ At the same time, ICE Holding’s
available for Web site viewing and Intercontinental Exchange Holdings, parent, ICE, changed its name from
Inc. (the ‘‘ICE Holdings Certificate’’) to ‘‘IntercontinentalExchange Group, Inc.’’
printing in the Commission’s Public
add a reference to the name under to ‘‘Intercontinental Exchange, Inc.’’ 4
Reference Room, 100 F Street NE.,
which it filed its original certificate of In response to a comment received
Washington, DC 20549, on official
incorporation, and (b) the Fifth from the State of Delaware Department
business days between the hours of
Amended and Restated Certificate of of State, the Exchange proposes to
10:00 a.m. and 3:00 p.m. Copies of the Incorporation of NYSE Group, Inc. (the
filing also will be available for amend paragraph (1) of the ICE
‘‘Fifth Amended NYSE Group Holdings Certificate to add a reference
inspection and copying at the principal Certificate’’) to update obsolete
office of the Exchange. All comments to the fact that the original certificate of
references. The proposed rule change is incorporation was filed under the name
received will be posted without change; available on the Exchange’s Web site at ‘‘IntercontinentalExchange, Inc.’’ The
the Commission does not edit personal www.nyse.com, at the principal office of revised paragraph would read as follows
identifying information from the Exchange, and at the Commission’s (proposed new text italic):
submissions. You should submit only Public Reference Room.
information that you wish to make (1) The present name of the
available publicly. All submissions II. Self-Regulatory Organization’s Corporation is Intercontinental
Statement of the Purpose of, and Exchange Holdings, Inc. The original
should refer to File Number and should
Statutory Basis for, the Proposed Rule Certificate of Incorporation of the
be submitted on or before March 20,
Change Corporation was filed on June 16, 2000
2017.
In its filing with the Commission, the (the ‘‘Original Certificate of
For the Commission, by the Division of Incorporation), and the name under
self-regulatory organization included
Trading and Markets, pursuant to delegated which the Corporation filed the Original
statements concerning the purpose of,
authority.14 Certificate of Incorporation was
and basis for, the proposed rule change
Eduardo A. Aleman, and discussed any comments it received IntercontinentalExchange, Inc.
mstockstill on DSK3G9T082PROD with NOTICES
Assistant Secretary. on the proposed rule change. The text Fifth Amended NYSE Group Certificate
[FR Doc. 2017–03799 Filed 2–24–17; 8:45 am] of those statements may be examined at
BILLING CODE 8011–01–P the places specified in Item IV below. The Securities and Exchange
The Exchange has prepared summaries, Commission approved the Fifth
1 15 U.S.C.78s(b)(1). 4 See Securities Exchange Release No. 72157 (May
2 15 U.S.C. 78a. 13, 2014), 79 FR 28792 (May 19, 2014) (SR–
14 17 CFR 200.30–3(a)(12). 3 17 CFR 240.19b–4. NYSEArca–2014–52).
VerDate Sep<11>2014 20:23 Feb 24, 2017 Jkt 241001 PO 00000 Frm 00083 Fmt 4703 Sfmt 4703 E:\FR\FM\27FEN1.SGM 27FEN1](https://thefederalregister.org/doc/82_FR_12008/page/3.svg)
Document Created: 2017-02-25 01:05:59
Document Modified: 2017-02-25 01:05:59
| 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 | 82 FR 11971 |
2025 Federal Register | Disclaimer | Privacy Policy
USC | CFR | eCFR