82_FR_42370 82 FR 42199 - Sunshine Act Meeting

82 FR 42199 - Sunshine Act Meeting

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 82, Issue 171 (September 6, 2017)

Page Range42199-42200
FR Document2017-18933

Federal Register, Volume 82 Issue 171 (Wednesday, September 6, 2017) 
[Federal Register Volume 82, Number 171 (Wednesday, September 6, 2017)]
[Notices]
[Pages 42199-42200]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-18933]


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

SECURITIES AND EXCHANGE COMMISSION


Sunshine Act Meeting

    Notice is hereby given, pursuant to the provisions of the 
Government in the Sunshine Act, Public Law 94-409, that the Commission 
will host the SEC-NYU Dialogue on Securities Markets--Exchange-Traded 
Products (ETPs) on Friday, September 8, 2017 beginning at

[[Page 42200]]

9:15 a.m., in the Auditorium, Room L-002.
    The event is scheduled to include welcome remarks by SEC 
Commissioner Michael Piwowar, concluding remarks by SEC Commissioner 
Kara Stein and panel discussions that Commissioners may attend. The 
panel discussions will explore market impacts from the growth in ETPs, 
potential implications for investors who hold ETPs, and where the ETP 
market is headed. This Sunshine Act notice is being issued because a 
majority of the Commission may attend the meeting.
    For further information, please contact Brent J. Fields from the 
Office of the Secretary at (202) 551-5400.

    Dated: August 31, 2017.
Brent J. Fields,
Secretary.
[FR Doc. 2017-18933 Filed 9-1-17; 11:15 am]
 BILLING CODE 8011-01-P

Federal Register / Vol. 82, No. 171 / Wednesday, September 6, 2017 / Notices 42199 stated above, these market participants competing in open outcry on the Paper Comments may choose to conduct their business on Trading Floor and will help promote the Trading Floor, unlike Floor Brokers, competition by providing incentives for • Send paper comments in triplicate who have a business model that is market participants to submit customer to Secretary, Securities and Exchange naturally tied to the physical trading order flow to the BOX Trading Floor Commission, 100 F Street NE., space. The Exchange offers Market and thus, create a greater opportunity Washington, DC 20549–1090. Makers a choice on how to conduct for customer executions. All submissions should refer to File business, only electronic or floor and Further, the Exchange does not Number SR–BOX–2017–28. This file electronic. The Exchange believes that it believe that offering a rebate to Floor number should be included on the is equitable and not unfairly Brokers will impose an undue burned subject line if email is used. To help the discriminatory to assess Floor Market [sic] on intra-market competition Commission process and review your Makers the higher monthly fee because because all Floor Brokers are eligible to comments more efficiently, please use they have the benefit of trading on both transaction [sic] QOO Orders and only one method. The Commission will if they so choose. receive a rebate. Further, the Exchange post all comments on the Commission’s Lastly, the Exchange believes the believes that the rebate will promote Internet Web site (http://www.sec.gov/ monthly Badge Fee of $100 is competition by allowing Floor Brokers rules/sro.shtml). Copies of the reasonable as it is in line with other to competitively price their services and submission, all subsequent similar fees at a competing exchange.23 for the Exchange to remain competitive amendments, all written statements Further, the Exchange believes that the with other exchanges that offer front- with respect to the proposed rule monthly Badge Fee is equitable and not end order entry on their trading floors. change that are filed with the unfairly discriminatory because the C. Self-Regulatory Organization’s Commission, and all written Badge Fee will be assessed uniformly to Statement on Comments on the communications relating to the each person authorized by the BOX Proposed Rule Change Received From proposed rule change between the Participant, regardless of Participant Members, Participants, or Others Commission and any person, other than type. those that may be withheld from the No written comments were either B. Self-Regulatory Organization’s solicited or received. public in accordance with the Statement on Burden on Competition provisions of 5 U.S.C. 552, will be III. Date of Effectiveness of the available for Web site viewing and The Exchange does not believe that Proposed Rule Change and Timing for printing in the Commission’s Public the proposed rule change will impose Commission Action Reference Room, 100 F Street NE., any burden on competition not The foregoing rule change has become Washington, DC 20549 on official necessary or appropriate in furtherance effective pursuant to Section business days between the hours of of the purposes of the Act. The 19(b)(3)(A)(ii) of the Exchange Act 24 10:00 a.m. and 3:00 p.m. Copies of such Exchange notes that it operates in a and Rule 19b–4(f)(2) thereunder,25 filing also will be available for highly competitive market in which because it establishes or changes a due, inspection and copying at the principal market participants can readily favor or fee. office of the Exchange. All comments competing venues if they deem fee At any time within 60 days of the received will be posted without change; levels at a particular venue to be filing of the proposed rule change, the the Commission does not edit personal excessive, or rebate opportunities Commission summarily may identifying information from available at other venues to be more temporarily suspend the rule change if submissions. You should submit only favorable. In such an environment, the it appears to the Commission that the information that you wish to make Exchange must continually adjust its action is necessary or appropriate in the available publicly. All submissions fees to remain competitive with other public interest, for the protection of should refer to File Number SR–BOX– exchanges. Because competitors are free investors, or would otherwise further 2017–28, and should be submitted on or to modify their own fees in response, the purposes of the Act. If the before September 27, 2017. the Exchange believes that the degree to Commission takes such action, the For the Commission, by the Division of which fee changes in this market may Commission shall institute proceedings Trading and Markets, pursuant to delegated impose any burden on competition is to determine whether the proposed rule authority.26 limited. For the reasons discussed should be approved or disapproved. Eduardo A. Aleman, above, the Exchange believes that the IV. Solicitation of Comments Assistant Secretary. proposed changes do not impose an Interested persons are invited to [FR Doc. 2017–18798 Filed 9–5–17; 8:45 am] undue burden on competition. The Exchange does not believe that submit written data, views, and BILLING CODE 8011–01–P assessing no fee on Broker Dealers arguments concerning the foregoing, facilitating Public Customer will burden including whether the proposed rule competition by creating such a disparity change is consistent with the Act. SECURITIES AND EXCHANGE between the fees that an initiating Comments may be submitted by any of COMMISSION Broker Dealer pays and the fees a the following methods: Sunshine Act Meeting competitive responder pays that would Electronic Comments result in certain Participants being Notice is hereby given, pursuant to asabaliauskas on DSKBBXCHB2PROD with NOTICES unable to compete with initiators. In • Use the Commission’s Internet the provisions of the Government in the fact, the Exchange believes that the comment form (http://www.sec.gov/ rules/sro.shtml); or Sunshine Act, Public Law 94–409, that proposed fees will not impair these the Commission will host the SEC–NYU Participants from adding liquidity and • Send an email to rule-comments@ sec.gov. Please include File Number SR– Dialogue on Securities Markets— BOX–2017–28 on the subject line. Exchange-Traded Products (ETPs) on 23 See CBOE Fees Schedule and NYSE Arca Fee Friday, September 8, 2017 beginning at Schedule. CBOE charges a $120 (Floor Manager) or 24 15 U.S.C. 78s(b)(3)(A)(ii). $60 (Clerks) badge fees for their Floor Participants. NYSE Arca charges $50 per badge. 25 17 CFR 240.19b–4(f)(2). 26 17 CFR 200.30–3(a)(12). VerDate Sep<11>2014 17:37 Sep 05, 2017 Jkt 241001 PO 00000 Frm 00144 Fmt 4703 Sfmt 4703 E:\FR\FM\06SEN1.SGM 06SEN1

42200 Federal Register / Vol. 82, No. 171 / Wednesday, September 6, 2017 / Notices 9:15 a.m., in the Auditorium, Room L– to amend the Fee Schedule to establish it provides for the equitable allocation 002. a booth space fee for the BOX open- of reasonable dues, fees, and other The event is scheduled to include outcry Trading Floor. The text of the charges among BOX Participants and welcome remarks by SEC Commissioner proposed rule change is available from other persons using its facilities and Michael Piwowar, concluding remarks the principal office of the Exchange, at does not unfairly discriminate between by SEC Commissioner Kara Stein and the Commission’s Public Reference customers, issuers, brokers or dealers. panel discussions that Commissioners Room and also on the Exchange’s The Exchange believes that the may attend. The panel discussions will Internet Web site at http:// proposed booth space fee is reasonable explore market impacts from the growth boxexchange.com. as it is in line with a similar fee charged in ETPs, potential implications for at another exchange with a physical investors who hold ETPs, and where the II. Self-Regulatory Organization’s trading floor.6 Further, the Exchange ETP market is headed. This Sunshine Statement of the Purpose of, and believes that the proposed booth space Act notice is being issued because a Statutory Basis for, the Proposed Rule fee is equitable and not unfairly majority of the Commission may attend Change discriminatory because it applies to the meeting. In its filing with the Commission, the Trading Floor Participants uniformly. For further information, please Exchange included statements Further, the booth space fee provides for contact Brent J. Fields from the Office of concerning the purpose of and basis for equitable allocation of reasonable fees the Secretary at (202) 551–5400. the proposed rule change and discussed among Floor Participants by requiring Dated: August 31, 2017. any comments it received on the Participants that need more space to pay Brent J. Fields, proposed rule change. The text of these more, instead of raising the fees for all statements may be examined at the Participants, including those that may Secretary. places specified in Item IV below. The not need additional space. Lastly, the [FR Doc. 2017–18933 Filed 9–1–17; 11:15 am] Exchange has prepared summaries, set Exchange believes that the proposed BILLING CODE 8011–01–P forth in Sections A, B, and C below, of change will further the goal in providing the most significant aspects of such more space to Floor Participants that statements. may need it without charging all SECURITIES AND EXCHANGE COMMISSION A. Self-Regulatory Organization’s Participants. Statement of the Purpose of, and B. Self-Regulatory Organization’s [Release No. 34–81506; File No. SR–BOX– 2017–29] Statutory Basis for, the Proposed Rule Statement on Burden on Competition Change The Exchange does not believe that Self-Regulatory Organizations; BOX 1. Purpose the proposed rule change will impose Options Exchange LLC; Notice of any burden on competition not Filing and Immediate Effectiveness of The Exchange proposes to amend the Fee Schedule for trading on BOX to necessary or appropriate in furtherance a Proposed Rule Change To Amend of the purposes of the Act. The the Fee Schedule To Establish a Booth establish a booth space fee for the BOX open-outcry Trading Floor (‘‘Trading Exchange does not believe that the Space Fee for the BOX Trading Floor proposed rule changes will impose any Floor’’). Specifically, the Exchange August 30, 2017. proposes to establish a Trading Floor burden on intramarket competition Pursuant to Section 19(b)(1) of the Booth Space Fee of $1,500 per month. because the proposed change applies to Securities Exchange Act of 1934 (the The Exchange also proposes to specify both Floor Market Makers and Floor ‘‘Act’’),1 and Rule 19b–4 thereunder,2 that current Trading Floor Permit fees Brokers. Further, the Exchange does not notice is hereby given that on August for both Floor Market Makers and Floor believe that the proposed rule change 22, 2017, BOX Options Exchange LLC Brokers entitle the Participant to one will impose any burden on intermarket (the ‘‘Exchange’’) filed with the booth space along with the three competition that is not necessary or Securities and Exchange Commission registered permits. The Exchange appropriate in furtherance of the (‘‘Commission’’) the proposed rule expects the booth space to be used by purposes of the Act because the change change as described in Items I, II, and Floor Participants to perform various applies to fees that affect BOX only, and III below, which Items have been functions in support of floor based not other exchanges. prepared by the Exchange. The trading activities on the Exchange. As C. Self-Regulatory Organization’s Exchange filed the proposed rule change such, Floor Participants who need more Statement on Comments on the pursuant to Section 19(b)(3)(A)(ii) of the booth space will be required to pay an Proposed Rule Change Received From Act,3 and Rule 19b–4(f)(2) thereunder,4 additional Trading Floor Booth Space Members, Participants, or Others which renders the proposal effective Fee of $1,500 per month. The Trading Floor Booth Space will be used for a No written comments were either upon filing with the Commission. The Floor Participant’s workstation on the solicited or received. Commission is publishing this notice to solicit comments on the proposed rule BOX Trading Floor. The Exchange notes 6 See Chicago Board Options Exchange, change from interested persons. that all booth spaces will be uniform, Incorporated (‘‘CBOE’’) Fee Schedule. CBOE identical in size and will contain an charges a $1,250 per month fee for a Non-Standard I. Self-Regulatory Organization’s equal number of electrical outlets and Booth Rental plus $1.70 per square foot, determined Statement of the Terms of the Substance data ports. based on the size of the booth. At CBOE, the term asabaliauskas on DSKBBXCHB2PROD with NOTICES of the Proposed Rule Change ‘‘non-standard booth’’ generally refers to space on 2. Statutory Basis the trading floor on the Exchange that is set off from The Exchange is filing with the a trading crowd, which may be rented for whatever Securities and Exchange Commission The Exchange believes that the support, office, back-office, or any other business- (‘‘Commission’’) a proposed rule change proposal is consistent with the related activities for which CBOE members may requirements of Section 6(b) of the Act, choose to use. The Exchange notes that the ‘‘non- 1 15 in general, and Section 6(b)(4) and standard booth’’ at CBOE is similar to the proposed U.S.C. 78s(b)(1). Trading Floor Booth discussed herein, as the booth 2 17 CFR 240.19b–4. 6(b)(5)of the Act,5 in particular, in that space is a general space on the trading floor. See 3 15 U.S.C. 78s(b)(3)(A)(ii). Securities Exchange Release No. 78741 (August 31, 4 17 CFR 240.19b–4(f)(2). 5 15 U.S.C. 78f(b)(4) and (5). 2017), 81 FR 61727 (SR–CBOE–2016–063). VerDate Sep<11>2014 17:37 Sep 05, 2017 Jkt 241001 PO 00000 Frm 00145 Fmt 4703 Sfmt 4703 E:\FR\FM\06SEN1.SGM 06SEN1


Document Created: 2017-09-06 00:56:51
Document Modified: 2017-09-06 00:56:51
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
FR Citation82 FR 42199 
2025 Federal Register | Disclaimer | Privacy Policy
USC | CFR | eCFR