82 FR 48304 - Self-Regulatory Organizations; BOX Options Exchange LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Fee Schedule To Update Certain Fees Assessed Under Section VI.A (Connectivity Fees)
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 82, Issue 199 (October 17, 2017)
Federal Register Volume 82, Issue 199 (October 17, 2017)
| Page Range | 48304-48306 | |
| FR Document | 2017-22388 |
[Federal Register Volume 82, Number 199 (Tuesday, October 17, 2017)] [Notices] [Pages 48304-48306] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2017-22388] ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION [Release No. 34-81850; File No. SR-BOX-2017-31] Self-Regulatory Organizations; BOX Options Exchange LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Fee Schedule To Update Certain Fees Assessed Under Section VI.A (Connectivity Fees) October 11, 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 September 29, 2017, BOX Options Exchange LLC (the ``Exchange'') 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 filed the proposed rule change pursuant to Section 19(b)(3)(A)(ii) of the Act,\3\ and Rule 19b-4(f)(2) thereunder,\4\ which renders the proposal 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 the Substance of the Proposed Rule Change The Exchange is filing with the Securities and Exchange Commission (``Commission'') a proposed rule change to amend the Fee Schedule [sic] to amend the Fee Schedule to update certain fees assessed under Section VI.A (Connectivity Fees). While changes to the fee schedule pursuant to this proposal will be effective upon filing, the changes will become operative on October 2, 2017. The text of the proposed rule change is available from the principal office of the Exchange, at the Commission's Public Reference Room and also on the Exchange's Internet Web site at http://boxexchange.com. 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 the Fee Schedule for trading on BOX to update the connectivity fees that are assessed on market participants. Section VI.A. of the BOX Fee Schedule ``Connectivity Fees'', was created to detail the fees applicable to market participants who connect to the BOX market network at Point of Presence (``PoP'') sites. These sites are owned and operated by third-party external vendors, and the fees listed in this section are meant to encompass the fees that could be charged based on each market participant's particular configuration. BOX does not assess Connectivity Fees; these fees are assessed by the datacenters and are billed directly to the market participant. Connectivity fees can include one-time set-up fees and monthly fees charged by the third-party vendor in exchange for the services provided to the market participant. The Exchange proposes to update the fees applicable for the datacenters where market participants may connect to the BOX network: NY4, owned and operated by Equinix; and 65 Broadway, owned and operated by 365 Main; and the connectivity fees applicable, depending upon connection type. Market participants are currently assessed the following fees when connecting to the BOX network: ---------------------------------------------------------------------------------------------------------------- NY4 65 Broadway --------------------------------------------------------------- Connection Type One-time set- One-time set- up Monthly up Monthly ---------------------------------------------------------------------------------------------------------------- POTS............................................ $100 $25 $50 $25 Ethernet........................................ N/A N/A 250 175 [[Page 48305]] T1.............................................. 500 100 250 175 Cat 5/6......................................... 500 245 250 175 COAX............................................ 500 245 250 200 Single & Multi Mode Fiber....................... 500 350 500 250 Extended Cross Connect.......................... 1,000 750 500 400 Intra-Customer Cross Connect.................... 500 0 N/A N/A ---------------------------------------------------------------------------------------------------------------- The Exchange proposes to remove the Extended Cross Connection Type for NY4 datacenter. Additionally, the Exchange proposes to amend the T1 monthly fee at NY4 from $100 to $245. As such, the fees will be as follows: ---------------------------------------------------------------------------------------------------------------- NY4 65 Broadway --------------------------------------------------------------- Connection Type One-time set- One-time set- up Monthly up Monthly ---------------------------------------------------------------------------------------------------------------- POTS............................................ $100 $25 $50 $25 Ethernet........................................ N/A N/A 250 175 T1.............................................. 500 245 250 175 Cat 5/6......................................... 500 245 250 175 COAX............................................ 500 245 250 200 Single & Multi Mode Fiber....................... 500 350 500 250 Extended Cross Connect.......................... N/A N/A 500 400 Intra-Customer Cross Connect.................... 500 0 N/A N/A ---------------------------------------------------------------------------------------------------------------- 2. Statutory Basis The Exchange believes that the proposal is consistent with the requirements of Section 6(b) of the Act, in general, and Section 6(b)(4) and 6(b)(5)of the Act,\5\ in particular, in that it provides for the equitable allocation of reasonable dues, fees, and other charges among BOX Participants and other persons using its facilities and does not unfairly discriminate between customers, issuers, brokers or dealers. --------------------------------------------------------------------------- \5\ 15 U.S.C. 78f(b)(4) and (5). --------------------------------------------------------------------------- The Exchange believes it is reasonable, equitable and not unfairly discriminatory to state that connectivity fees are assessed on all market participants that establish connections to BOX through a third- party and that these fees will be billed directly to the market participant. The Exchange believes that the proposed amendments to Section VI.A. of the Fee Schedule are reasonable as they simply reflect the fee changes made by the datacenters, changes which the Exchange has no control over. Further, the Exchange believes that the proposed Connectivity Fees constitute an equitable allocation of fees, and are not unfairly discriminatory, as all similarly situated market participants are charged the same amount depending on the services they receive. 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. The Exchange believes that the proposed amendments to the Fee Schedule will not impose a burden on competition among various Exchange Participants. The proposed change is designed to provide greater specificity and clarity within the Fee Schedule and does not place any Participants at a disadvantage compared to other Participants. Further, the Exchange does not believe this rule change will have an impact on intermarket competition. 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 Exchange Act \6\ and Rule 19b-4(f)(2) thereunder,\7\ because it establishes or changes a due, or fee. --------------------------------------------------------------------------- \6\ 15 U.S.C. 78s(b)(3)(A)(ii). \7\ 17 CFR 240.19b-4(f)(2). --------------------------------------------------------------------------- At any time within 60 days of the filing of the proposed rule change, the Commission summarily may temporarily suspend the rule change if it appears to the Commission that the action is necessary or appropriate in the public interest, for the protection of investors, or would otherwise further 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. 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 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-BOX-2017-31 on the subject line. Paper Comments Send paper comments in triplicate to Secretary, Securities and Exchange Commission, 100 F Street NE., Washington, DC 20549-1090. All submissions should refer to File Number SR-BOX-2017-31. 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 [[Page 48306]] only one method. The Commission will post all comments on the Commission's Internet Web site (http://www.sec.gov/rules/sro.shtml). Copies of the submission, all subsequent amendments, all written statements with respect to the proposed rule change that are filed with the Commission, and all written communications relating to the proposed rule change between the Commission and any person, other than those that may be withheld from the public in accordance with the provisions of 5 U.S.C. 552, will be available for Web site viewing and printing in the Commission's Public Reference Room, 100 F Street NE., Washington, DC 20549 on official business days between the hours of 10:00 a.m. and 3:00 p.m. Copies of such filing also will be available for inspection and copying at the principal office of the Exchange. All comments received will be posted without change; the Commission does not edit personal identifying information from submissions. You should submit only information that you wish to make available publicly. All submissions should refer to File Number SR-BOX-2017-31, and should be submitted on or before November 7, 2017. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.\8\ --------------------------------------------------------------------------- \8\ 17 CFR 200.30-3(a)(12). --------------------------------------------------------------------------- Eduardo A. Aleman, Assistant Secretary. [FR Doc. 2017-22388 Filed 10-16-17; 8:45 am] BILLING CODE 8011-01-P
![48304 Federal Register / Vol. 82, No. 199 / Tuesday, October 17, 2017 / Notices
• Send an email to rule-comments@ SECURITIES AND EXCHANGE II. Self-Regulatory Organization’s
sec.gov. Please include File Number SR– COMMISSION Statement of the Purpose of, and
BOX–2017–32 on the subject line. Statutory Basis for, the Proposed Rule
[Release No. 34–81850; File No. SR–BOX– Change
Paper Comments
2017–31] In its filing with the Commission, the
• Send paper comments in triplicate Exchange included statements
to Secretary, Securities and Exchange Self-Regulatory Organizations; BOX concerning the purpose of and basis for
Commission, 100 F Street NE., Options Exchange LLC; Notice of the proposed rule change and discussed
Washington, DC 20549–1090. Filing and Immediate Effectiveness of any comments it received on the
a Proposed Rule Change To Amend proposed rule change. The text of these
All submissions should refer to File the Fee Schedule To Update Certain statements may be examined at the
Number SR–BOX–2017–32. This file Fees Assessed Under Section VI.A places specified in Item IV below. The
number should be included on the (Connectivity Fees) Exchange has prepared summaries, set
subject line if email is used. To help the forth in Sections A, B, and C below, of
Commission process and review your October 11, 2017. the most significant aspects of such
comments more efficiently, please use Pursuant to Section 19(b)(1) of the statements.
only one method. The Commission will Securities Exchange Act of 1934 (the
post all comments on the Commission’s A. Self-Regulatory Organization’s
‘‘Act’’),1 and Rule 19b–4 thereunder,2 Statement of the Purpose of, and
Internet Web site (http://www.sec.gov/ notice is hereby given that on
rules/sro.shtml). Copies of the Statutory Basis for, the Proposed Rule
September 29, 2017, BOX Options Change
submission, all subsequent Exchange LLC (the ‘‘Exchange’’) filed
amendments, all written statements with the Securities and Exchange 1. Purpose
with respect to the proposed rule Commission (‘‘Commission’’) the The Exchange proposes to amend the
change that are filed with the proposed rule change as described in Fee Schedule for trading on BOX to
Commission, and all written Items I, II, and III below, which Items update the connectivity fees that are
communications relating to the assessed on market participants.
have been prepared by the Exchange.
proposed rule change between the Section VI.A. of the BOX Fee
The Exchange filed the proposed rule
Commission and any person, other than Schedule ‘‘Connectivity Fees’’, was
change pursuant to Section
those that may be withheld from the created to detail the fees applicable to
19(b)(3)(A)(ii) of the Act,3 and Rule
public in accordance with the market participants who connect to the
19b–4(f)(2) thereunder,4 which renders
provisions of 5 U.S.C. 552, will be BOX market network at Point of
the proposal effective upon filing with
available for Web site viewing and Presence (‘‘PoP’’) sites. These sites are
the Commission. The Commission is
printing in the Commission’s Public owned and operated by third-party
publishing this notice to solicit
Reference Room, 100 F Street NE., external vendors, and the fees listed in
comments on the proposed rule change
Washington, DC 20549 on official this section are meant to encompass the
from interested persons.
business days between the hours of fees that could be charged based on each
10:00 a.m. and 3:00 p.m. Copies of such I. Self-Regulatory Organization’s market participant’s particular
filing also will be available for Statement of the Terms of the Substance configuration. BOX does not assess
inspection and copying at the principal of the Proposed Rule Change Connectivity Fees; these fees are
office of the Exchange. All comments assessed by the datacenters and are
received will be posted without change; The Exchange is filing with the billed directly to the market participant.
the Commission does not edit personal Securities and Exchange Commission Connectivity fees can include one-time
identifying information from (‘‘Commission’’) a proposed rule change set-up fees and monthly fees charged by
submissions. You should submit only to amend the Fee Schedule [sic] to the third-party vendor in exchange for
information that you wish to make amend the Fee Schedule to update the services provided to the market
available publicly. All submissions certain fees assessed under Section VI.A participant.
should refer to File Number SR–BOX– (Connectivity Fees). While changes to The Exchange proposes to update the
2017–32, and should be submitted on or the fee schedule pursuant to this fees applicable for the datacenters
before November 7, 2017. proposal will be effective upon filing, where market participants may connect
the changes will become operative on to the BOX network: NY4, owned and
For the Commission, by the Division of
October 2, 2017. The text of the operated by Equinix; and 65 Broadway,
Trading and Markets, pursuant to delegated
proposed rule change is available from owned and operated by 365 Main; and
authority.11
the principal office of the Exchange, at the connectivity fees applicable,
Eduardo A. Aleman, the Commission’s Public Reference depending upon connection type.
Assistant Secretary. Room and also on the Exchange’s Market participants are currently
[FR Doc. 2017–22389 Filed 10–16–17; 8:45 am] Internet Web site at http:// assessed the following fees when
BILLING CODE 8011–01–P boxexchange.com. connecting to the BOX network:
NY4 65 Broadway
Connection Type
sradovich on DSK3GMQ082PROD with NOTICES
One-time One-time
Monthly Monthly
set-up set-up
POTS ............................................................................................................... $100 $25 $50 $25
Ethernet ........................................................................................................... N/A N/A 250 175
11 17 CFR 200.30–3(a)(12). 2 17 CFR 240.19b–4. 4 17 CFR 240.19b–4(f)(2).
1 15 U.S.C. 78s(b)(1). 3 15 U.S.C. 78s(b)(3)(A)(ii).
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![48306 Federal Register / Vol. 82, No. 199 / Tuesday, October 17, 2017 / Notices
only one method. The Commission will Sonoma Creamery), 21750th Street East, The following areas have been
post all comments on the Commission’s Sonoma, CA 95476 (‘‘Sonoma’’). determined to be adversely affected by
Internet Web site (http://www.sec.gov/ The financing is brought within the the disaster:
rules/sro.shtml). Copies of the purview of § 107.730(a) and (d) of the Primary Counties: Beaufort, Jasper.
submission, all subsequent Regulations because Svoboda Capital Contiguous Counties:
amendments, all written statements Fund IV, L.P., an Associate of Svoboda South Carolina: Colleton, Hampton.
with respect to the proposed rule Capital Fund IV SBIC, L.P., owns more Georgia: Chatham, Effingham.
change that are filed with the than ten percent of Sonoma, and The Interest Rates are:
Commission, and all written therefore this transaction is considered
communications relating to the a financing of an Associate requiring Percent
proposed rule change between the prior SBA approval.
For Physical Damage:
Commission and any person, other than Notice is hereby given that any Homeowners with Credit Avail-
those that may be withheld from the interested person may submit written able Elsewhere ...................... 3.500
public in accordance with the comments on the transaction, within Homeowners without Credit
provisions of 5 U.S.C. 552, will be fifteen days of the date of this Available Elsewhere .............. 1.750
available for Web site viewing and publication, to the Associate Businesses with Credit Avail-
printing in the Commission’s Public Administrator for Investment, U.S. able Elsewhere ...................... 6.610
Reference Room, 100 F Street NE., Small Business Administration, 409 Businesses without Credit
Washington, DC 20549 on official Third Street SW., Washington, DC Available Elsewhere .............. 3.305
Non-Profit Organizations with
business days between the hours of 20416.
Credit Available Elsewhere ... 2.500
10:00 a.m. and 3:00 p.m. Copies of such Dated: September 6, 2017. Non-Profit Organizations with-
filing also will be available for A. Joseph Shepard, out Credit Available Else-
inspection and copying at the principal where ..................................... 2.500
Associate Administrator, Office of Investment
office of the Exchange. All comments and Innovation. For Economic Injury:
received will be posted without change; Businesses & Small Agricultural
[FR Doc. 2017–22397 Filed 10–16–17; 8:45 am]
the Commission does not edit personal Cooperatives without Credit
BILLING CODE P Available Elsewhere .............. 3.305
identifying information from
submissions. You should submit only Non-Profit Organizations with-
out Credit Available Else-
information that you wish to make SMALL BUSINESS ADMINISTRATION where ..................................... 2.500
available publicly. All submissions
should refer to File Number SR–BOX– [Disaster Declaration #15340 and #15341; The number assigned to this disaster
2017–31, and should be submitted on or South Carolina Disaster Number SC–00050] for physical damage is 15340 8 and for
before November 7, 2017. economic injury is 15341 0.
For the Commission, by the Division of
Administrative Declaration of a The States which received an EIDL
Trading and Markets, pursuant to delegated Disaster for the State of South Carolina Declaration # are South Carolina,
authority.8 AGENCY: U.S. Small Business Georgia.
Eduardo A. Aleman, Administration. (Catalog of Federal Domestic Assistance
Assistant Secretary. ACTION: Notice. Number 59008)
[FR Doc. 2017–22388 Filed 10–16–17; 8:45 am]
Linda E. McMahon,
BILLING CODE 8011–01–P SUMMARY: This is a notice of an
Administrative declaration of a disaster Administrator.
for the State of South Carolina dated 10/ [FR Doc. 2017–22396 Filed 10–16–17; 8:45 am]
SMALL BUSINESS ADMINISTRATION 05/2017. BILLING CODE 8025–01–P
Incident: Hurricane Irma.
Svoboda Capital Fund IV SBIC, L.P.; Incident Period: 09/06/2017 through
License No. 05/05–0327; Notice 09/13/2017. DEPARTMENT OF STATE
Seeking Exemption Under Section 312 DATES: Issued on 10/05/2017. [Public Notice: 10165]
of the Small Business Investment Act, Physical Loan Application Deadline
Conflicts of Interest Date: 12/04/2017. Notice of Determinations; Culturally
Economic Injury (EIDL) Loan Significant Objects Imported for
Notice is hereby given that Svoboda Application Deadline Date: 07/05/2018. Exhibition Determinations: ‘‘The Arch
Capital Fund IV SBIC, L.P., One North
ADDRESSES: Submit completed loan of Titus—From Jerusalem to Rome,
Franklin Street, Suite 1500, Chicago, IL
applications to: U.S. Small Business and Back’’ Exhibition
60606, a Federal Licensee under the
Small Business Investment Act of 1958, Administration, Processing and SUMMARY: Notice is hereby given of the
as amended (‘‘the Act’’), in connection Disbursement Center, 14925 Kingsport following determinations: I hereby
with the financing of a small concern, Road, Fort Worth, TX 76155. determine that certain objects to be
has sought an exemption under Section FOR FURTHER INFORMATION CONTACT: A. included in the exhibition ‘‘The Arch of
312 of the Act and Section 107.730, Escobar, Office of Disaster Assistance, Titus—from Jerusalem to Rome, and
Financings which Constitute Conflicts U.S. Small Business Administration, Back,’’ imported from abroad for
of Interest of the Small Business 409 3rd Street SW., Suite 6050, temporary exhibition within the United
sradovich on DSK3GMQ082PROD with NOTICES
Administration (‘‘SBA’’) Rules and Washington, DC 20416, (202) 205–6734. States, are of cultural significance. The
Regulations (13 CFR 107.730). Svoboda SUPPLEMENTARY INFORMATION: Notice is objects are imported pursuant to a loan
Capital Fund IV SBIC, L.P. proposes to hereby given that as a result of the agreement with the foreign owner or
provide equity security financing to Administrator’s disaster declaration, custodian. I also determine that the
Estate Cheese Group, LLC (d/b/a applications for disaster loans may be exhibition or display of the exhibit
filed at the address listed above or other objects at the Yeshiva University
8 17 CFR 200.30–3(a)(12). locally announced locations. Museum, New York, New York, from on
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Document Created: 2017-10-17 01:11:37
Document Modified: 2017-10-17 01:11:37
| 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 48304 |
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