82 FR 30916 - Self-Regulatory Organizations; Bats BZX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change Related to Fees for Logical Ports on the Bats Equity Options Platform
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 82, Issue 126 (July 3, 2017)
Federal Register Volume 82, Issue 126 (July 3, 2017)
| Page Range | 30916-30918 | |
| FR Document | 2017-13901 |
[Federal Register Volume 82, Number 126 (Monday, July 3, 2017)] [Notices] [Pages 30916-30918] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2017-13901] ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION [Release No. 34-81032; File No. SR-BatsBZX-2017-43] Self-Regulatory Organizations; Bats BZX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change Related to Fees for Logical Ports on the Bats Equity Options Platform June 27, 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 June 16, 2017 Bats BZX Exchange, Inc. (the ``Exchange'' or ``BZX'') filed with the Securities and Exchange Commission (``Commission'') the proposed rule change as described in Items I, II and III below, which Items have been prepared by the Exchange. The Exchange has designated the proposed rule change as one establishing or changing a member due, fee, or other charge imposed by the Exchange under Section 19(b)(3)(A)(ii) of the Act \3\ and Rule 19b-4(f)(2) thereunder,\4\ which renders the proposed rule change effective upon filing with the Commission. The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons. --------------------------------------------------------------------------- \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). --------------------------------------------------------------------------- I. Self-Regulatory Organization's Statement of the Terms of Substance of the Proposed Rule Change The Exchange filed a proposal to amend its fees and rebates applicable to Members \5\ and non-Members of the Exchange pursuant to BZX Rules 15.1(a) and (c). --------------------------------------------------------------------------- \5\ A Member is defined as ``any registered broker or dealer that has been admitted to membership in the Exchange.'' See Exchange Rule 1.5(n). --------------------------------------------------------------------------- The text of the proposed rule change is available at the Exchange's Web site at www.batstrading.com, at the principal office of the Exchange, and at the Commission's Public Reference Room. II. Self-Regulatory Organization's Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change In its filing with the Commission, the Exchange included statements concerning the purpose of and basis for the proposed rule change and discussed any comments it received on the proposed rule change. The text of these statements may be examined at the places specified in Item IV below. The Exchange has prepared summaries, set forth in Sections A, B, and C below, of the most significant parts of such statements. (A) Self-Regulatory Organization's Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change 1. Purpose The Exchange proposes to modify the fee schedule applicable to the Exchange's options platform (``BZX Options'') to amend the fees for logical ports. A logical port represents a port established by the Exchange within the Exchange's system for trading and billing purposes. Each logical port established is specific to a Member or non-Member and grants that Member or non-Member the ability to operate a specific application, such as FIX order entry or PITCH data receipt. The Exchange's Multicast PITCH data feed is available from two primary feeds, identified as the ``A feed'' and the ``C feed'', which contain the same information but differ only in the way such feeds are received. The Exchange also offers two redundant fees, identified as the ``B feed'' and the ``D feed.'' The Exchange also offers a bulk- quoting interface which allows Users \6\ of BZX Options to submit and update multiple bids and offers in one message through logical ports enabled for bulk-quoting.\7\ The bulk-quoting application for BZX Options is a particularly useful feature for Users that provide quotations in many different options. Logical port fees are limited to logical ports in the Exchange's primary data center and no logical port fees are assessed for redundant secondary data center ports. The Exchange assesses the monthly per logical port fees for all of a Member and non-Member logical ports. --------------------------------------------------------------------------- \6\ A User on BZX Options is either a member of BZX Options or a sponsored participant who is authorized to obtain access to the Exchange's system pursuant to BZX Rule 11.3. See Exchange Rule 16.1(a)(63). \7\ See Securities Exchange Act Release Nos. 65133 (August 15, 2011), 76 FR 52032 (August 19, 2011) (SR-BATS-2011-029) and 65307 (September 9, 2011), 76 FR 57092 (September 15, 2011) (SR-BATS-2011- 034). --------------------------------------------------------------------------- The Exchange currently charges for logical ports (including Multicast PITCH Spin Server and GRP ports) a fee $650 per port per month. The Exchange now proposes to amend the fees for logical ports, Multicast PITCH Spin Server Ports for a set of primary ports (A or C feed), and GRP Ports for a set of primary ports (A or C feed) to $750 per month.\8\ [[Page 30917]] The Exchange will continue to offer for free the ports necessary to receive the Exchange's redundant Multicast ``B feed'' and ``D feed'', as well as all ports made available in the Exchange's secondary data center. --------------------------------------------------------------------------- \8\ The Exchange does not propose to amend the monthly fee for purge ports. --------------------------------------------------------------------------- The Exchange also proposes to amend the monthly fee for ports with bulk quoting capabilities. The Exchange currently charges $1,500 per month for the User's first five logical ports with bulk quoting capabilities. Each logical port with bulk quoting capabilities in excess of five logical ports is subject to a fee of $2,000 per month. The Exchange will continue to charge $1,500 per month for the User's first and second logical ports. However, any logical port with bulk quoting capabilities in excess of two logical ports would be subject to a fee of $2,500 per month. Implementation Date The Exchange proposes to implement these amendments to its fee schedule on July 3, 2017. 2. Statutory Basis The Exchange believes that the proposed rule change is consistent with the requirements of the Act and the rules and regulations thereunder that are applicable to a national securities exchange, and, in particular, with the requirements of Section 6 of the Act.\9\ Specifically, the Exchange believes that the proposed rule change is consistent with Section 6(b)(4) of the Act,\10\ in that it provides for the equitable allocation of reasonable dues, fees and other charges among members and other persons using any facility or system which the Exchange operates or controls. --------------------------------------------------------------------------- \9\ 15 U.S.C. 78f. \10\ 15 U.S.C. 78f(b)(4). --------------------------------------------------------------------------- The Exchange operates in a highly competitive market in which exchanges offer connectivity services as a means of facilitating the trading activities of Members and other participants. Accordingly, fees charged for connectivity are constrained by the active competition for the order flow of such participants as well as demand for market data from the Exchange. If a particular exchange charges excessive fees for connectivity, affected members will opt to terminate their connectivity arrangements with that exchange, and adopt a possible range of alternative strategies, including routing to the applicable exchange through another participant or market center or taking that exchange's data indirectly. Accordingly, the exchange charging excessive fees would stand to lose not only connectivity revenues but also revenues associated with the execution of orders routed to it by affected members, and, to the extent applicable, market data revenues. The Exchange believes that this competitive dynamic imposes powerful restraints on the ability of any exchange to charge unreasonable fees for connectivity. The Exchange believes that the proposed fees for logical ports are equitably allocated, reasonable, and not unfairly discriminatory in that the proposed fees will help the Exchange to cover increasing infrastructure costs associated with offering and maintaining logical ports connections. The Exchange also notes its proposed fees are only modestly higher than those currently charged by the Nasdaq Stock Market LLC (``Nasdaq'').\11\ In addition, the Exchange believes that the proposed fees for logical ports with bulk quoting capabilities are also equitably allocated, reasonable, and not unfairly discriminatory. The proposal will help the Exchange to cover increasing infrastructure costs associated with offering and continuing to offer bulk-quoting capabilities to BZX Options Users. The Exchange notes that the use of such ports is optional and that market participants can continue to access BZX Options through other logical ports for $750 per month. At the same time, the Exchange believes that its fees for bulk-quoting ports are reasonable, given the benefits and added efficiencies Users of BZX Options realize through such ports. The Exchange notes that charging different fees based on the number of ports a User subscribes to is designed to encourage Users to become more efficient, and reduce the number of ports used, thereby resulting in a corresponding increase in the efficiency that the Exchange would be able to realize with respect to managing its own infrastructure. --------------------------------------------------------------------------- \11\ See Nasdaq Options Pricing, Chapter XV, Section 3(b) (charging a monthly fee of $650 order entry ports). --------------------------------------------------------------------------- Lastly, the Exchange also believes that the proposed amendments to its fee schedule are non-discriminatory because they will apply uniformly to all Members. All Members that voluntarily select various service options will be charged the same amount for the same services. All Members have the option to select any connectivity option, and there is no differentiation among Members with regard to the fees charged for the services offered by the Exchange. (B) Self-Regulatory Organization's Statement on Burden on Competition The Exchange believes its proposed amendments to its fee schedule would not impose any burden on competition that is not necessary or appropriate in furtherance of the purposes of the Act. The Exchange does not believe that the proposed change represents a significant departure from previous pricing offered by the Exchange or pricing offered by the Exchange's competitors. Additionally, Members may opt to disfavor the Exchange's pricing if they believe that alternatives offer them better value. Accordingly, the Exchange does not believe that the proposed change will impair the ability of Members or competing venues to maintain their competitive standing in the financial markets. The Exchange believes that fees for connectivity are constrained by the robust competition for order flow among exchanges and non-exchange markets. Further, excessive fees for connectivity, including logical port fees, would serve to impair an exchange's ability to compete for order flow rather than burdening competition. The Exchange also does not believe the proposed rule change would impact intramarket competition as it would apply to all Members and non-Members equally. (C) Self-Regulatory Organization's Statement on Comments on the Proposed Rule Change Received From Members, Participants or Others The Exchange has not solicited, and does not intend to solicit, comments on this proposed rule change. The Exchange has not received any unsolicited written comments from Members or other interested parties. III. Date of Effectiveness of the Proposed Rule Change and Timing for Commission Action The foregoing rule change has become effective pursuant to Section 19(b)(3)(A) of the Act \12\ and paragraph (f) of Rule 19b-4 thereunder.\13\ 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. --------------------------------------------------------------------------- \12\ 15 U.S.C. 78s(b)(3)(A). \13\ 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: [[Page 30918]] 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-BatsBZX-2017-43 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-BatsBZX-2017-43. 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 will also 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-BatsBZX-201-43 and should be submitted on or before July 24, 2017. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.\14\ --------------------------------------------------------------------------- \14\ 17 CFR 200.30-3(a)(12). --------------------------------------------------------------------------- Robert W. Errett, Deputy Secretary. [FR Doc. 2017-13901 Filed 6-30-17; 8:45 am] BILLING CODE 8011-01-P
![30916 Federal Register / Vol. 82, No. 126 / Monday, July 3, 2017 / Notices
Electronic Comments SECURITIES AND EXCHANGE places specified in Item IV below. The
COMMISSION Exchange has prepared summaries, set
• Use the Commission’s Internet forth in Sections A, B, and C below, of
comment form (http://www.sec.gov/ [Release No. 34–81032; File No. SR–
BatsBZX–2017–43]
the most significant parts of such
rules/sro.shtml); or statements.
• Send an email to rule-comments@ Self-Regulatory Organizations; Bats (A) Self-Regulatory Organization’s
sec.gov. Please include File Number SR– BZX Exchange, Inc.; Notice of Filing Statement of the Purpose of, and
FINRA–2017–019 on the subject line. and Immediate Effectiveness of a Statutory Basis for, the Proposed Rule
Proposed Rule Change Related to Fees Change
Paper Comments for Logical Ports on the Bats Equity
Options Platform 1. Purpose
• Send paper comments in triplicate
to Robert W. Errett, Deputy Secretary, June 27, 2017.
The Exchange proposes to modify the
Securities and Exchange Commission, Pursuant to Section 19(b)(1) of the fee schedule applicable to the
100 F Street NE., Washington, DC Securities Exchange Act of 1934 (the Exchange’s options platform (‘‘BZX
20549–1090. ‘‘Act’’),1 and Rule 19b–4 thereunder,2 Options’’) to amend the fees for logical
notice is hereby given that on June 16, ports. A logical port represents a port
All submissions should refer to File established by the Exchange within the
2017 Bats BZX Exchange, Inc. (the
Number SR–FINRA–2017–019. This file Exchange’s system for trading and
‘‘Exchange’’ or ‘‘BZX’’) filed with the
number should be included on the Securities and Exchange Commission billing purposes. Each logical port
subject line if email is used. To help the (‘‘Commission’’) the proposed rule established is specific to a Member or
Commission process and review your change as described in Items I, II and III non-Member and grants that Member or
comments more efficiently, please use below, which Items have been prepared non-Member the ability to operate a
only one method. The Commission will by the Exchange. The Exchange has specific application, such as FIX order
post all comments on the Commission’s designated the proposed rule change as entry or PITCH data receipt. The
Internet Web site (http://www.sec.gov/ one establishing or changing a member Exchange’s Multicast PITCH data feed is
rules/sro.shtml). Copies of the due, fee, or other charge imposed by the available from two primary feeds,
submission, all subsequent Exchange under Section 19(b)(3)(A)(ii) identified as the ‘‘A feed’’ and the ‘‘C
amendments, all written statements of the Act 3 and Rule 19b–4(f)(2) feed’’, which contain the same
with respect to the proposed rule thereunder,4 which renders the information but differ only in the way
change that are filed with the proposed rule change effective upon such feeds are received. The Exchange
Commission, and all written filing with the Commission. The also offers two redundant fees,
Commission is publishing this notice to identified as the ‘‘B feed’’ and the ‘‘D
communications relating to the
solicit comments on the proposed rule feed.’’ The Exchange also offers a bulk-
proposed rule change between the
change from interested persons. quoting interface which allows Users 6
Commission and any person, other than
of BZX Options to submit and update
those that may be withheld from the I. Self-Regulatory Organization’s multiple bids and offers in one message
public in accordance with the Statement of the Terms of Substance of through logical ports enabled for bulk-
provisions of 5 U.S.C. 552, will be the Proposed Rule Change quoting.7 The bulk-quoting application
available for Web site viewing and The Exchange filed a proposal to for BZX Options is a particularly useful
printing in the Commission’s Public amend its fees and rebates applicable to feature for Users that provide quotations
Reference Room, 100 F Street NE., Members 5 and non-Members of the in many different options. Logical port
Washington, DC 20549, on official Exchange pursuant to BZX Rules 15.1(a) fees are limited to logical ports in the
business days between the hours of 10 and (c). Exchange’s primary data center and no
a.m. and 3 p.m. Copies of such filing The text of the proposed rule change logical port fees are assessed for
also will be available for inspection and is available at the Exchange’s Web site redundant secondary data center ports.
copying at the principal office of at www.batstrading.com, at the The Exchange assesses the monthly per
FINRA. All comments received will be principal office of the Exchange, and at logical port fees for all of a Member and
posted without change; the Commission the Commission’s Public Reference non-Member logical ports.
does not edit personal identifying Room. The Exchange currently charges for
information from submissions. You logical ports (including Multicast PITCH
II. Self-Regulatory Organization’s
should submit only information that Spin Server and GRP ports) a fee $650
Statement of the Purpose of, and
you wish to make available publicly. All per port per month. The Exchange now
Statutory Basis for, the Proposed Rule
submissions should refer to File proposes to amend the fees for logical
Change
Number SR–FINRA–2017–019 and ports, Multicast PITCH Spin Server
In its filing with the Commission, the Ports for a set of primary ports (A or C
should be submitted on or before July Exchange included statements feed), and GRP Ports for a set of primary
24, 2017. concerning the purpose of and basis for ports (A or C feed) to $750 per month.8
For the Commission, by the Division of the proposed rule change and discussed
Trading and Markets, pursuant to delegated any comments it received on the 6 A User on BZX Options is either a member of
authority.14 proposed rule change. The text of these BZX Options or a sponsored participant who is
statements may be examined at the authorized to obtain access to the Exchange’s
sradovich on DSK3GMQ082PROD with NOTICES
Robert W. Errett, system pursuant to BZX Rule 11.3. See Exchange
Deputy Secretary. Rule 16.1(a)(63).
1 15 U.S.C. 78s(b)(1). 7 See Securities Exchange Act Release Nos. 65133
[FR Doc. 2017–13903 Filed 6–30–17; 8:45 am] 2 17 CFR 240.19b–4. (August 15, 2011), 76 FR 52032 (August 19, 2011)
BILLING CODE 8011–01–P 3 15 U.S.C. 78s(b)(3)(A)(ii).
(SR–BATS–2011–029) and 65307 (September 9,
4 17 CFR 240.19b–4(f)(2). 2011), 76 FR 57092 (September 15, 2011) (SR–
5 A Member is defined as ‘‘any registered broker BATS–2011–034).
or dealer that has been admitted to membership in 8 The Exchange does not propose to amend the
14 17 CFR 200.30–3(a)(12). the Exchange.’’ See Exchange Rule 1.5(n). monthly fee for purge ports.
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![30918 Federal Register / Vol. 82, No. 126 / Monday, July 3, 2017 / Notices
Electronic Comments SECURITIES AND EXCHANGE levels.5 As a mechanism for ensuring
COMMISSION that Clearing Members provide high-
• Use the Commission’s Internet quality submissions, ICE Clear Europe
comment form (http://www.sec.gov/ [Release No. 34–81031; File No. SR–ICEEU–
2017–006]
selects a subset of CDS instruments, on
rules/sro.shtml); or random days, to be eligible for required
• Send an email to rule-comments@ Self-Regulatory Organizations; ICE firm trades between Clearing Members.
sec.gov. Please include File Number SR– Clear Europe Limited; Order Approving Where Clearing Members are identified
BatsBZX–2017–43 on the subject line. Proposed Rule Changes Relating to for the purposes of a firm trade pursuant
the CDS End-of-Day Price Discovery to ICE Clear Europe’s ‘‘cross and lock
Paper Comments Policy and Price Submission algorithm’’ based on their price
Disciplinary Framework submissions, ICE Clear Europe may
• Send paper comments in triplicate
require such Clearing Members to enter
to Secretary, Securities and Exchange June 27, 2017. into firm trades with each other.6
Commission, 100 F Street NE., In connection with the firm trade
Washington, DC 20549–1090. I. Introduction
obligation, ICE Clear Europe has
On April 26, 2017, ICE Clear Europe established pre-defined maximum
All submissions should refer to File Limited (‘‘ICE Clear Europe) filed with
Number SR–BatsBZX–2017–43. This file notional amounts for firm trades in
the Securities and Exchange single-name CDS contracts (‘‘firm trade
number should be included on the Commission (‘‘Commission’’), pursuant
subject line if email is used. To help the notional limits’’), which are currently
to Section 19(b)(1) of the Securities set at the Clearing Member level.7 ICE
Commission process and review your Exchange Act of 1934 (‘‘Act’’),1 and
comments more efficiently, please use Clear Europe proposed to amend the
Rule 19b–4 thereunder,2 a proposed rule manner in which it applies the firm
only one method. The Commission will change (SR–ICEEU–2017–006) to amend trade notional limits so that such limits
post all comments on the Commission’s ICE Clear Europe’s End-of-Day Price apply on a group level to affiliated
Internet Web site (http://www.sec.gov/ Discovery Policy (‘‘EOD Price Discovery Clearing Members, or ‘‘CP affiliate
rules/sro.shtml). Copies of the Policy’’) (1) to change the calculation of group’’ level, rather than at the
submission, all subsequent firm trade notional limits with respect individual Clearing Member level. A CP
amendments, all written statements to single-name credit default swap affiliate group consists of all CDS
with respect to the proposed rule (‘‘CDS’’) contracts; (2) to update Clearing Members that own, are owned,
change that are filed with the references to ICE Clear Europe’s or are under common ownership with
Commission, and all written Clearing Risk Department, head of other CDS Clearing Members.8
communications relating to the clearing risk, and other relevant risk ICE Clear Europe believes that such
proposed rule change between the personnel, and to add references to ICE an approach is appropriate because an
Commission and any person, other than Clear Europe’s risk appetite, related risk affiliate group may have multiple CDS
those that may be withheld from the metrics, and model validation and Clearing Members, which, in the
public in accordance with the review policies; and (3) to amend ICE absence of the proposed amendments,
provisions of 5 U.S.C. 552, will be Clear Europe’s Price Submission could result in a group-wide limit being
available for Web site viewing and Disciplinary Framework with respect to multiples of the single entity notional
the imposition of fines associated with limit.9
printing in the Commission’s Public
missed price submissions. The proposed In addition to the changes to the firm
Reference Room, 100 F Street NE.,
rule change was published for comment trade notional limits, ICE Clear Europe
Washington, DC 20549, on official in the Federal Register on May 15,
business days between the hours of also proposed changes to the EOD Price
2017.3 The Commission received no Discovery Policy to update references to
10:00 a.m. and 3:00 p.m. Copies of such comment letters regarding the proposed
filing will also be available for ICE Clear Europe’s Clearing Risk
rule change. For the reasons discussed department and Head of Clearing Risk,
inspection and copying at the principal below, the Commission is approving the as well as to certain other risk
office of the Exchange. All comments proposed rule change. personnel.10
received will be posted without change; Other proposed changes to the EOD
the Commission does not edit personal II. Description of Proposed Rule Change
Price Discovery Policy include adding
identifying information from ICE Clear Europe proposed changes to background information regarding
submissions. You should submit only its EOD Price Discovery Policy with standards relating to ICE Clear Europe’s
information that you wish to make respect to the calculation of firm trade risk appetite, and related metrics and
available publicly. All submissions notional limits for single-name CDS. limits. Additionally, ICE Clear Europe
should refer to File Number SR– Under its current EOD Price Discovery proposed to amend the EOD Price
BatsBZX–201–43 and should be Policy, ICE Clear Europe requires CDS Discovery Policy to include additional
submitted on or before July 24, 2017. Clearing Members 4 to submit end-of- procedures relating to model validation
day prices with respect to instruments and policy review. Under these
For the Commission, by the Division of relating to a Clearing Member’s open
Trading and Markets, pursuant to delegated amendments, the underlying models
interest. Based on these Clearing used to support the EOD Price
authority.14 Member price submissions, ICE Clear
Robert W. Errett,
Discovery Policy will be subject to an
Europe calculates CDS end-of-day price annual independent validation, and,
sradovich on DSK3GMQ082PROD with NOTICES
Deputy Secretary. pursuant to its terms of reference, the
1 15 U.S.C. 78s(b)(1).
[FR Doc. 2017–13901 Filed 6–30–17; 8:45 am]
2 17 CFR 240.19b–4.
BILLING CODE 8011–01–P 5 Notice, 82 FR at 22358.
3 Securities Exchange Act Release No. 34–80631
6 Id.
(May 9, 2017), 82 FR 22357 (May 15, 2017) (SR–
7 Id.
ICEEU–2017–006) (‘‘Notice’’).
4 Capitalized terms used in this order, but not 8 Id.
9 Id.
defined herein, have the same meaning as in the
14 17 CFR 200.30–3(a)(12). ICE Clear Europe Clearing Rules. 10 Id.
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Document Created: 2018-11-14 10:18:59
Document Modified: 2018-11-14 10:18:59
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
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| Section | Notices | |
| FR Citation | 82 FR 30916 |
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