82 FR 18044 - Self-Regulatory Organizations; Chicago Board Options Exchange, Incorporated; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Eliminate Obsolete References in the Fees Schedule

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 82, Issue 71 (April 14, 2017)

Page Range		18044-18045
FR Document		2017-07535
Federal Register, Volume 82 Issue 71 (Friday, April 14, 2017)
[Federal Register Volume 82, Number 71 (Friday, April 14, 2017)]
[Notices]
[Pages 18044-18045]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-07535]


-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-80422; File No SR-CBOE-2017-023]


Self-Regulatory Organizations; Chicago Board Options Exchange, 
Incorporated; Notice of Filing and Immediate Effectiveness of a 
Proposed Rule Change To Eliminate Obsolete References in the Fees 
Schedule

April 10, 2017.
    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 April 3, 2017, Chicago Board Options Exchange, Incorporated 
(the ``Exchange'' or ``CBOE'') filed with the Securities and Exchange 
Commission (the ``Commission'') the proposed rule change as described 
in Items I, II, and III 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 eliminate obsolete references in the Fees 
Schedule. The text of the proposed rule change is available on the 
Exchange's Web site (http://www.cboe.com/AboutCBOE/CBOELegalRegulatoryHome.aspx), at the Exchange's Office of the 
Secretary, 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 Exchange proposes to amend its Fees Schedule. Specifically, the 
Exchange proposes to eliminate references to (i) mini-options, (ii) SPX 
Range Options (``SROs''), (iii) Floor Broker Workstation (``FBW'') and 
(iv) Livevol X (``LVX'') Fees.
    First, the Exchange notes it no longer lists mini-options or SROs. 
As such, the Exchange proposes to delete from the Fees Schedule 
references to mini-options and SROs, as such references are no longer 
necessary and obsolete.
    Next, the Exchange proposes to eliminate all references to FBW in 
the Fees Schedule. The Exchange no longer offers FBW. As such, all 
references to FBW will be eliminated from the Fees Schedule as it is 
unnecessary to maintain and is now obsolete.
    Lastly, the Exchange proposes to eliminate the Livevol X (LVX) 
section of the Livevol Fees table. The Exchange notes that LVX has been 
sold to another party and as such it will no longer assesses any LVX 
related fees. The

[[Page 18045]]

Exchange therefore proposes to eliminate the LVX section of the Fees 
Schedule (i.e., the Application fees for Standard and Enterprise Users 
and the LV Routing Intermediary Fee). The Exchange believes eliminating 
fees from the Fees Schedule that are no longer charged by the Exchange 
will eliminate confusion.
2. Statutory Basis
    The Exchange believes the proposed rule change is consistent with 
the Securities Exchange Act of 1934 (the ``Act'') and the rules and 
regulations thereunder applicable to the Exchange and, in particular, 
the requirements of Section 6(b) of the Act.\3\ Specifically, the 
Exchange believes the proposed rule change is consistent with the 
Section 6(b)(5) \4\ requirements that the rules of an exchange be 
designed to prevent fraudulent and manipulative acts and practices, 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 of a free and open market and a national market system, and, 
in general, to protect investors and the public interest.
---------------------------------------------------------------------------

    \3\ 15 U.S.C. 78f(b).
    \4\ 15 U.S.C. 78f(b)(5).
---------------------------------------------------------------------------

    The Exchange believes eliminating references to (i) classes that 
are no longer listed on the Exchange, (ii) functionality that is no 
longer offered at the Exchange and (iii) fees that will no longer be 
assessed due to the sale of LVX to a third party, will help to avoid 
confusion, thereby removing impediments to and perfecting the mechanism 
of a free and open market and a national market system. Additionally, 
the Exchange notes that no substantive changes are being made by the 
proposed rule change.

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 intramarket or intermarket competition that is not 
necessary or appropriate in furtherance of the purposes of the Act. The 
proposed change to eliminate obsolete references to delisted options 
and fees and functionality no longer offered will alleviate confusion 
and is not intended for competitive reasons and only applies to CBOE. 
The Exchange also notes that no rights or obligations of Permit Holders 
are affected by the change.

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

    The Exchange 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 foregoing rule change has become effective pursuant to Section 
19(b)(3)(A) of the Act \5\ and paragraph (f) of Rule 19b-4 \6\ 
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 necessary or 
appropriate in the public interest, for the protection of investors, or 
otherwise in furtherance of the purposes of the Act. If the Commission 
takes such action, the Commission will institute proceedings to 
determine whether the proposed rule change should be approved or 
disapproved.
---------------------------------------------------------------------------

    \5\ 15 U.S.C. 78s(b)(3)(A).
    \6\ 17 CFR 240.19b-4(f).
---------------------------------------------------------------------------

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-CBOE-2017-023 on the subject line.

Paper Comments

     Send paper comments in triplicate to Brent J. Fields, 
Secretary, Securities and Exchange Commission, 100 F Street NE., 
Washington, DC 20549.

All submissions should refer to File Number SR-CBOE-2017-023. 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-CBOE-2017-023 and should be 
submitted on or before May 5, 2017.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\7\
---------------------------------------------------------------------------

    \7\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------

Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017-07535 Filed 4-13-17; 8:45 am]
 BILLING CODE 8011-01-P
18044 Federal Register / Vol. 82, No. 71 / Friday, April 14, 2017 / Notices

the ICE Certificate and Bylaws, delete only one method. The Commission will III below, which Items have been
obsolete or unnecessary references and post all comments on the Commission’s prepared by the Exchange. The
make other simplifying or clarifying Internet Web site (http://www.sec.gov/ Commission is publishing this notice to
changes to the ICE governing rules/sro.shtml). Copies of the solicit comments on the proposed rule
documents. The Exchange believes that submission, all subsequent change from interested persons.
the proposed rule change will serve to amendments, all written statements
with respect to the proposed rule I. Self-Regulatory Organization’s
promote clarity and consistency,
change that are filed with the Statement of the Terms of Substance of
thereby reducing burdens on the
Commission, and all written the Proposed Rule Change
marketplace and facilitating investor
protection. The proposed rule change communications relating to the The Exchange proposes to eliminate
would result in no concentration or proposed rule change between the obsolete references in the Fees
other changes of ownership of Commission and any person, other than Schedule. The text of the proposed rule
exchanges. those that may be withheld from the change is available on the Exchange’s
public in accordance with the Web site (http://www.cboe.com/
C. Self-Regulatory Organization’s provisions of 5 U.S.C. 552, will be AboutCBOE/
Statement on Comments on the available for Web site viewing and CBOELegalRegulatoryHome.aspx), at
Proposed Rule Change Received From printing in the Commission’s Public the Exchange’s Office of the Secretary,
Members, Participants, or Others Reference Room, 100 F Street NE., and at the Commission’s Public
No written comments were solicited Washington, DC 20549 on official Reference Room.
or received with respect to the proposed business days between the hours of
rule change. 10:00 a.m. and 3:00 p.m. Copies of the II. Self-Regulatory Organization’s
filing also will be available for Statement of the Purpose of, and
III. Date of Effectiveness of the inspection and copying at the principal Statutory Basis for, the Proposed Rule
Proposed Rule Change and Timing for office of the Exchange. All comments Change
Commission Action received will be posted without change; In its filing with the Commission, the
Within 45 days of the date of the Commission does not edit personal Exchange included statements
publication of this notice in the Federal identifying information from concerning the purpose of and basis for
Register or up to 90 days (i) as the submissions. You should submit only the proposed rule change and discussed
Commission may designate if it finds information that you wish to make any comments it received on the
such longer period to be appropriate available publicly. All submissions proposed rule change. The text of these
and publishes its reasons for so finding should refer to File Number SR–NYSE– statements may be examined at the
or (ii) as to which the self-regulatory 2017–13 and should be submitted on or places specified in Item IV below. The
organization consents, the Commission before May 5, 2017. Exchange has prepared summaries, set
will: For the Commission, by the Division of forth in sections A, B, and C below, of
(A) By order approve or disapprove Trading and Markets, pursuant to delegated the most significant aspects of such
the proposed rule change, or authority.36 statements.
(B) institute proceedings to determine Eduardo A. Aleman,
whether the proposed rule change A. Self-Regulatory Organization’s
Assistant Secretary.
should be disapproved. Statement of the Purpose of, and
[FR Doc. 2017–07533 Filed 4–13–17; 8:45 am] Statutory Basis for, the Proposed Rule
IV. Solicitation of Comments BILLING CODE 8011–01–P Change
Interested persons are invited to 1. Purpose
submit written data, views, and
SECURITIES AND EXCHANGE The Exchange proposes to amend its
arguments concerning the foregoing,
COMMISSION Fees Schedule. Specifically, the
including whether the proposed rule
change, as modified by Amendment No. [Release No. 34–80422; File No SR–CBOE– Exchange proposes to eliminate
1, is consistent with the Act. Comments 2017–023] references to (i) mini-options, (ii) SPX
may be submitted by any of the Range Options (‘‘SROs’’), (iii) Floor
following methods: Self-Regulatory Organizations; Broker Workstation (‘‘FBW’’) and (iv)
Chicago Board Options Exchange, Livevol X (‘‘LVX’’) Fees.
Electronic Comments Incorporated; Notice of Filing and First, the Exchange notes it no longer
• Use the Commission’s Internet Immediate Effectiveness of a Proposed lists mini-options or SROs. As such, the
comment form (http://www.sec.gov/ Rule Change To Eliminate Obsolete Exchange proposes to delete from the
rules/sro.shtml); or References in the Fees Schedule Fees Schedule references to mini-
• Send an email to rule-comments@ April 10, 2017. options and SROs, as such references
sec.gov. Please include File Number SR– Pursuant to Section 19(b)(1) of the are no longer necessary and obsolete.
NYSE–2017–13 on the subject line. Securities Exchange Act of 1934 (the Next, the Exchange proposes to
‘‘Act’’),1 and Rule 19b–4 thereunder,2 eliminate all references to FBW in the
Paper Comments
notice is hereby given that on April 3, Fees Schedule. The Exchange no longer
• Send paper comments in triplicate 2017, Chicago Board Options Exchange, offers FBW. As such, all references to
to Secretary, Securities and Exchange Incorporated (the ‘‘Exchange’’ or FBW will be eliminated from the Fees
Commission, 100 F Street NE., Schedule as it is unnecessary to
sradovich on DSK3GMQ082PROD with NOTICES

‘‘CBOE’’) filed with the Securities and
Washington, DC 20549–1090. Exchange Commission (the maintain and is now obsolete.
All submissions should refer to File ‘‘Commission’’) the proposed rule Lastly, the Exchange proposes to
Number SR–NYSE–2017–13. This file change as described in Items I, II, and eliminate the Livevol X (LVX) section of
number should be included on the the Livevol Fees table. The Exchange
subject line if email is used. To help the 36 17 CFR 200.30–3(a)(12). notes that LVX has been sold to another
Commission process and review your 1 15 U.S.C. 78s(b)(1). party and as such it will no longer
comments more efficiently, please use 2 17 CFR 240.19b–4. assesses any LVX related fees. The

VerDate Sep<11>2014 16:21 Apr 13, 2017 Jkt 241001 PO 00000 Frm 00078 Fmt 4703 Sfmt 4703 E:\FR\FM\14APN1.SGM 14APN1
Federal Register / Vol. 82, No. 71 / Friday, April 14, 2017 / Notices 18045

Exchange therefore proposes to C. Self-Regulatory Organization’s communications relating to the
eliminate the LVX section of the Fees Statement on Comments on the proposed rule change between the
Schedule (i.e., the Application fees for Proposed Rule Change Received From Commission and any person, other than
Standard and Enterprise Users and the Members, Participants, or Others those that may be withheld from the
LV Routing Intermediary Fee). The The Exchange neither solicited nor public in accordance with the
Exchange believes eliminating fees from received comments on the proposed provisions of 5 U.S.C. 552, will be
the Fees Schedule that are no longer rule change. available for Web site viewing and
charged by the Exchange will eliminate printing in the Commission’s Public
confusion. III. Date of Effectiveness of the
Proposed Rule Change and Timing for Reference Room, 100 F Street NE.,
2. Statutory Basis Commission Action Washington, DC 20549, on official
business days between the hours of
The Exchange believes the proposed The foregoing rule change has become 10:00 a.m. and 3:00 p.m. Copies of such
rule change is consistent with the effective pursuant to Section 19(b)(3)(A) filing also will be available for
Securities Exchange Act of 1934 (the of the Act 5 and paragraph (f) of Rule
inspection and copying at the principal
‘‘Act’’) and the rules and regulations 19b–4 6 thereunder. At any time within
60 days of the filing of the proposed rule office of the Exchange. All comments
thereunder applicable to the Exchange
and, in particular, the requirements of change, the Commission summarily may received will be posted without change;
Section 6(b) of the Act.3 Specifically, temporarily suspend such rule change if the Commission does not edit personal
the Exchange believes the proposed rule it appears to the Commission that such identifying information from
change is consistent with the Section action is necessary or appropriate in the submissions. You should submit only
6(b)(5) 4 requirements that the rules of public interest, for the protection of information that you wish to make
an exchange be designed to prevent investors, or otherwise in furtherance of available publicly. All submissions
fraudulent and manipulative acts and the purposes of the Act. If the should refer to File Number SR–CBOE–
practices, to promote just and equitable Commission takes such action, the 2017–023 and should be submitted on
principles of trade, to foster cooperation Commission will institute proceedings or before May 5, 2017.
and coordination with persons engaged to determine whether the proposed rule For the Commission, by the Division of
in regulating, clearing, settling, change should be approved or Trading and Markets, pursuant to delegated
processing information with respect to, disapproved. authority.7
and facilitating transactions in IV. Solicitation of Comments Eduardo A. Aleman,
securities, to remove impediments to
Interested persons are invited to Assistant Secretary.
and perfect the mechanism of a free and
open market and a national market submit written data, views, and [FR Doc. 2017–07535 Filed 4–13–17; 8:45 am]
system, and, in general, to protect arguments concerning the foregoing, BILLING CODE 8011–01–P
investors and the public interest. including whether the proposed rule
change is consistent with the Act.
The Exchange believes eliminating
Comments may be submitted by any of SECURITIES AND EXCHANGE
references to (i) classes that are no
the following methods: COMMISSION
longer listed on the Exchange, (ii)
functionality that is no longer offered at Electronic Comments
the Exchange and (iii) fees that will no • Use the Commission’s Internet [Release No. 34–80423; File No. SR–
longer be assessed due to the sale of PEARL–2017–15]
comment form (http://www.sec.gov/
LVX to a third party, will help to avoid rules/sro.shtml); or
confusion, thereby removing Self-Regulatory Organizations; MIAX
• Send an email to rule-comments@
impediments to and perfecting the sec.gov. Please include File Number SR– PEARL, LLC; Notice of Filing and
mechanism of a free and open market CBOE–2017–023 on the subject line. Immediate Effectiveness of a Proposed
and a national market system. Rule Change To Amend the MIAX
Additionally, the Exchange notes that Paper Comments PEARL Fee Schedule To Establish an
no substantive changes are being made • Send paper comments in triplicate Options Regulatory Fee (‘‘ORF’’)
by the proposed rule change. to Brent J. Fields, Secretary, Securities
and Exchange Commission, 100 F Street April 10, 2017.
B. Self-Regulatory Organization’s
Statement on Burden on Competition NE., Washington, DC 20549. Pursuant to Section 19(b)(1) of the
All submissions should refer to File Securities Exchange Act of 1934 (the
The Exchange does not believe that Number SR–CBOE–2017–023. This file ‘‘Act’’),1 and Rule 19b–4 thereunder,2
the proposed rule change will impose number should be included on the notice is hereby given that on March 30,
any burden on intramarket or subject line if email is used. To help the 2017, MIAX PEARL, LLC (‘‘MIAX
intermarket competition that is not Commission process and review your PEARL’’ or ‘‘Exchange’’) filed with the
necessary or appropriate in furtherance comments more efficiently, please use Securities and Exchange Commission
of the purposes of the Act. The only one method. The Commission will (the ‘‘Commission’’) the proposed rule
proposed change to eliminate obsolete post all comments on the Commission’s change as described in Items I, II, and
references to delisted options and fees Internet Web site (http://www.sec.gov/ III below, which Items have been
and functionality no longer offered will rules/sro.shtml). Copies of the prepared by the Exchange. The
alleviate confusion and is not intended
sradovich on DSK3GMQ082PROD with NOTICES

submission, all subsequent Commission is publishing this notice to
for competitive reasons and only applies amendments, all written statements solicit comments on the proposed rule
to CBOE. The Exchange also notes that with respect to the proposed rule
no rights or obligations of Permit change from interested persons.
change that are filed with the
Holders are affected by the change. Commission, and all written
7 17 CFR 200.30–3(a)(12).
3 15 1 15 U.S.C. 78s(b)(1).
U.S.C. 78f(b). 5 15 U.S.C. 78s(b)(3)(A).
4 15 U.S.C. 78f(b)(5). 6 17 CFR 240.19b–4(f). 2 17 CFR 240.19b–4.

VerDate Sep<11>2014 16:21 Apr 13, 2017 Jkt 241001 PO 00000 Frm 00079 Fmt 4703 Sfmt 4703 E:\FR\FM\14APN1.SGM 14APN1
Document Created: 2017-04-14 00:56:33
Document Modified: 2017-04-14 00:56:33
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 18044