83 FR 1446 - Self-Regulatory Organizations; Nasdaq ISE, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Certain Non-Transaction Fees in the Exchange's Schedule of Fees
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 83, Issue 8 (January 11, 2018)
Federal Register Volume 83, Issue 8 (January 11, 2018)
| Page Range | 1446-1448 | |
| FR Document | 2018-00305 |
[Federal Register Volume 83, Number 8 (Thursday, January 11, 2018)] [Notices] [Pages 1446-1448] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2018-00305] ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION [Release No. 34-82446; File No. SR-ISE-2017-112] Self-Regulatory Organizations; Nasdaq ISE, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Certain Non-Transaction Fees in the Exchange's Schedule of Fees January 5, 2018. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (``Act''),\1\ and Rule 19b-4 thereunder,\2\ notice is hereby given that on December 22, 2017, Nasdaq ISE, LLC (``ISE'' or ``Exchange'') filed with the Securities and Exchange Commission (``Commission'') the proposed rule change as described in Items I and II below, which Items have been prepared by the Exchange. The Commission is publishing this notice to solicit [[Page 1447]] comments on the proposed rule change from interested persons. --------------------------------------------------------------------------- \1\ 15 U.S.C. 78s(b)(1). \2\ 17 CFR 240.19b-4. --------------------------------------------------------------------------- I. Self-Regulatory Organization's Statement of the Terms of Substance of the Proposed Rule Change The Exchange proposes to amend certain non-transaction fees in the Exchange's Schedule of Fees. The text of the proposed rule change is available on the Exchange's website at http://ise.cchwallstreet.com/, at the principal office of the Exchange, and at the Commission's Public Reference Room. II. Self-Regulatory Organization's Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change In its filing with the Commission, the Exchange included statements concerning the purpose of and basis for the proposed rule change and discussed any comments it received on the proposed rule change. The text of these statements may be examined at the places specified in Item IV below. The Exchange has prepared summaries, set forth in sections A, B, and C below, of the most significant aspects of such statements. A. Self-Regulatory Organization's Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change 1. Purpose The purpose of the proposed rule change is to amend certain non- transaction fees in the Exchange's Schedule of Fees. ISE currently charges its members various non-transaction fees to trade on the Exchange and use its facilities, including a monthly access fee and an annual regulatory fee. Such fees are designed to help defray the technical, regulatory, and administrative costs associated with a member's use of the Exchange. Specifically, the Exchange currently assesses a monthly access fee to all its members that is $500 per month per Electronic Access Member (``EAM'') membership, $4,000 per month per Primary Market Maker (``PMM'') membership, and $2,000 per month per Competitive Market Maker (``CMM'') membership.\3\ Payment of the monthly access fee entitles members to trade on ISE as a PMM, CMM, or EAM based on their membership type. In addition, Exchange currently charges a tiered annual regulatory fee to all its members that is: (i) For PMMs, a fee of $7,500 for the first PMM membership, $1,500 for each additional PMM membership, and $1,000 for each CMM membership; (ii) for CMMs, (who are not also PMMs), a fee of $5,000 per membership for the first CMM membership \4\ and $1,000 for each additional CMM membership; and (iii) for EAMs, a fee of $5,000 for each EAM membership.\5\ --------------------------------------------------------------------------- \3\ See ISE Schedule of Fees, Section VI.A Access Fees. In the event where a single member firm has multiple ISE memberships, the monthly access fee is charged for each membership. For example, if a single member firm is both an EAM and a CMM, or owns multiple CMM memberships, the firm is subject to the monthly access fee for each of those memberships. \4\ This fee will only be charged for the first CMM membership within each group of affiliated companies. Affiliated CMMs will pay the incremental regulatory fee charged for additional CMM memberships. \5\ See ISE Schedule of Fees, Section VII.D Regulatory Fee. --------------------------------------------------------------------------- In order to keep pace with rising overhead, the Exchange now proposes to increase the monthly access fee for Market Makers (i.e., PMMs and CMMs) from $4,000 to $5,000 per PMM membership and from $2,000 to $2,500 per CMM membership. The monthly access fee of $500 per membership for EAMs will remain unchanged under this proposal. In connection with the proposed increase in the monthly access fees for Market Makers, the Exchange also proposes to eliminate the annual regulatory fee for all its members. As noted above, members are required to pay a variety of non- transaction fees, including the monthly access fee and annual regulatory fee, to be able to trade on the Exchange and use its facilities. By increasing the monthly access fee and eliminating the annual regulatory fee in the manner discussed above, the Exchange is essentially consolidating these fees rather than having members pay two separate charges for their use of the Exchange. With the proposed changes, Market Makers may be assessed at a higher rate overall to use the Exchange, while EAMs may be assessed at a lower rate because the Exchange is increasing the monthly access fee for Market Makers only, but eliminating the annual regulatory fee for all members.\6\ The Exchange will absorb the cost of the eliminated annual regulatory fee for EAMs going forward. --------------------------------------------------------------------------- \6\ For example, a PMM currently pays a total of $55,500 per year in access and regulatory fees ($48,000 of annual access fees plus the $7,500 annual regulatory fee) for one PMM membership while an EAM pays a total of $11,000 per year ($6,000 of annual access fees plus the $5,000 annual regulatory fee) for one EAM membership. As proposed, the PMM would pay a total of $60,000 per year in access fees for one PMM membership while the EAM would pay a total of $6,000 per year for one EAM membership. --------------------------------------------------------------------------- The access fee and regulatory fee were adopted in 2000 to help recover the costs of operating a trading market,\7\ including the technical, regulatory, and administrative costs associated with a member's use of the Exchange. The monthly access fee amounts have not changed since this fee was adopted, while the annual regulatory fee was last amended in 2006.\8\ Accordingly, the Exchange believes that the fee changes proposed herein should be a more accurate reflection of the costs associated with a member's use of the Exchange today. --------------------------------------------------------------------------- \7\ See Securities Exchange Act Release No. 42370 (April 28, 2000), 65 FR 26256 (May 5, 2000) (SR-ISE-00-02). \8\ See Securities Exchange Act Release No. 53634 (April 12, 2006), 71 FR 20147 (April19, 2006) (SR-ISE-2006-16). --------------------------------------------------------------------------- 2. Statutory Basis The Exchange believes that its proposal is consistent with Section 6(b) of the Act,\9\ in general, and furthers the objectives of Sections 6(b)(4) and 6(b)(5) of the Act,\10\ in particular, in that it provides for the equitable allocation of reasonable dues, fees, and other charges among members and issuers and other persons using any facility, and is not designed to permit unfair discrimination between customers, issuers, brokers, or dealers. --------------------------------------------------------------------------- \9\ 15 U.S.C. 78f(b). \10\ 15 U.S.C. 78f(b)(4) and (5). --------------------------------------------------------------------------- The Exchange believes that the proposed increase in the monthly Market Maker access fees to $5,000 per PMM membership and $2,500 per CMM membership is reasonable and equitable. The proposed access fees will help the Exchange keep pace with rising overhead, and are within the range of similar fees charged by other options exchanges, including for example, C2 Options Exchange (``C2''), which charges its market makers a monthly access fee of $5,000 per permit.\11\ --------------------------------------------------------------------------- \11\ See C2 Fee Schedule, Section 3 Access Fees. --------------------------------------------------------------------------- Furthermore, while the Exchange is increasing the monthly access fees for Market Makers, the Exchange believes that this is partially offset by the elimination of the annual regulatory fees for all members. As noted above, members are required to pay a variety of non- transaction fees, including the monthly access fee and annual regulatory fee, to be able to trade on the Exchange and use its facilities. By consolidating the annual regulatory fee with the access fee in the manner discussed above rather than having members pay two separate charges for their use of the Exchange, ISE is simplifying the Schedule of Fees to the benefit of its members. The Exchange also believes that the proposed changes are reasonable and equitable because the [[Page 1448]] fees should be a more accurate representation of the costs associated with a member's use of the Exchange today for the reasons discussed above. As noted above, some members will be impacted more than others with this proposal because the Exchange is increasing the monthly access fee for Market Makers only, but eliminating the annual regulatory fee for all members. The Exchange does not believe that this is unfairly discriminatory because the resources dedicated to the supporting and regulating a member vary on the type of membership. Generally, PMMs are subject to greater obligations than CMMs are and CMMs are subject to greater obligations than EAMs are. Furthermore, the technical, regulatory, and administrative costs associated with an EAM's use of the Exchange are not as high as those associated with Market Makers. 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. As discussed above, the proposed fee changes are designed to more accurately reflect the technical, regulatory, and administrative costs associated with a member's use of the Exchange, and the fees remain competitive with similar fees offered on other options exchanges. The Exchange operates in a highly competitive market in which market participants can readily favor competing venues if they deem fee levels at a particular venue to be excessive, or rebate opportunities available at other venues to be more favorable. In such an environment, the Exchange must continually adjust its fees to remain competitive. Because competitors are free to modify their own fees in response, and because market participants may readily adjust their order routing practices, the Exchange believes that the degree to which fee changes in this market may impose any burden on competition is extremely limited. C. Self-Regulatory Organization's Statement on Comments on the Proposed Rule Change Received From Members, Participants, or Others No written comments were either solicited or received. III. Date of Effectiveness of the Proposed Rule Change and Timing for Commission Action The foregoing rule change has become effective pursuant to Section 19(b)(3)(A)(ii) of the Act,\12\ and Rule 19b-4(f)(2) \13\ thereunder. At any time within 60 days of the filing of the proposed rule change, the Commission summarily may temporarily suspend such rule change if it appears to the Commission that such action is: (i) Necessary or appropriate in the public interest; (ii) for the protection of investors; or (iii) otherwise in furtherance of the purposes of the Act. If the Commission takes such action, the Commission shall institute proceedings to determine whether the proposed rule should be approved or disapproved. --------------------------------------------------------------------------- \12\ 15 U.S.C. 78s(b)(3)(A)(ii). \13\ 17 CFR 240.19b-4(f)(2). --------------------------------------------------------------------------- IV. Solicitation of Comments Interested persons are invited to submit written data, views, and arguments concerning the foregoing, including whether the proposed rule change is consistent with the Act. Comments may be submitted by any of the following methods: Electronic CommentsUse the Commission's internet comment form (http://www.sec.gov/rules/sro.shtml); or Send an email to [email protected]. Please include File Number SR-ISE-2017-112 on the subject line. Paper Comments Send paper comments in triplicate to Secretary, Securities and Exchange Commission, 100 F Street NE, Washington, DC 20549-1090. All submissions should refer to File Number SR-ISE-2017-112. 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 website (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 website viewing and printing in the Commission's Public Reference Room, 100 F Street NE, Washington, DC 20549, on official business days between the hours of 10:00 a.m. and 3:00 p.m. Copies of the filing also will be available for inspection and copying at the principal office of the Exchange. All comments received will be posted without change. Persons submitting comments are cautioned that we do not redact or edit personal identifying information from comment submissions. You should submit only information that you wish to make available publicly. All submissions should refer to File Number SR-ISE-2017-112 and should be submitted on or before February 1, 2018. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.\14\ --------------------------------------------------------------------------- \14\ 17 CFR 200.30-3(a)(12). --------------------------------------------------------------------------- Eduardo A. Aleman, Assistant Secretary. [FR Doc. 2018-00305 Filed 1-10-18; 8:45 am] BILLING CODE 8011-01-P
![1446 Federal Register / Vol. 83, No. 8 / Thursday, January 11, 2018 / Notices
pursuant to the same procedures represents that its system ‘‘allows changes from NYSE Arca, Inc.20 and
applicable to $1 cabinet trades, except [c]abinet trades to be processed in a NYSE American LLC (formerly known
that for sub-dollar cabinet trades (i) bids manner similar to how all other trades as NYSE MKT LLC) 21 making
and offers for opening transactions are are processed by the [E]xchange.’’ 14 permanent sub-dollar cabinet trade pilot
permitted only to accommodate closing In support of making the pilot programs. The Exchange has
transactions, and (ii) transactions in program permanent, the Exchange represented that its system is able to
option classes participating in the represents that ‘‘there are no operational process cabinet trades similar to the
Penny Pilot Program are permitted.7 The issues in processing and clearing processing of its other trades, it has not
Exchange believes that ‘‘allowing a price [c]abinet [t]rades in penny and sub- experienced any issues processing
of at least $0 but less than $1 better penny increments.’’ 15 The Exchange cabinet trades at the Exchange or
accommodates the closing of options also represents that ‘‘members and through OCC, and its members have not
positions in series that are worthless or member organizations have not raised expressed concerns. In addition, the
not actively traded, particularly when any concerns with the processing of Commission did not receive any
there has been a significant move in the [c]abinet trades.’’ 16 Finally, the comments on the proposed changes.
price of the underlying security, Exchange represents that it is ‘‘not Accordingly, the Commission finds that
resulting in a large number of series aware of the Options Clearing good cause exists to approve the
being out-of-the-money.’’ 8 Corporation (‘‘OCC’’) having operational proposed rule changes on an accelerated
issues with processing [c]abinet trades basis.
III. Discussion and Commission submitted by the Exchange.’’ 17
Findings Based on the representations of the V. Conclusion
After careful review, the Commission Exchange, the Commission believes that It is therefore ordered, pursuant to
finds that the proposed rule change is permanent approval of the sub-dollar Section 19(b)(2) of the Act,22 that the
consistent with the requirements of the cabinet trade pilot is consistent with the proposed rule change (SR–Phlx–2017–
Act 9 and the rules and regulations Act. In particular, the Commission notes 99) be, and hereby is, approved on an
thereunder applicable to a national that the Exchange’s system allows it to accelerated basis.
securities exchange.10 In particular, the process cabinet trades in the normal For the Commission, by the Division of
Commission finds that the proposed course. Further, the Exchange has not Trading and Markets, pursuant to delegated
rule change is consistent with Section observed any issues or concerns with authority.23
6(b)(5) of the Act,11 which requires, sub-dollar cabinet trades at the Eduardo A. Aleman,
among other things, that the rules of a Exchange level, with and among its Assistant Secretary.
national securities exchange be members, or in processing the trades [FR Doc. 2018–00304 Filed 1–10–18; 8:45 am]
designed to prevent fraudulent and through OCC. Accordingly, the
BILLING CODE 8011–01–P
manipulative acts and practices, to Exchange’s rule appears reasonably
promote just and equitable principles of designed to remove impediments,
trade, to foster cooperation and prevent fraudulent and manipulative SECURITIES AND EXCHANGE
coordination with persons engaged in acts and practices, and foster COMMISSION
regulating, clearing, settling, processing cooperation and coordination with
information with respect to, and persons engaged in facilitating [Release No. 34–82446; File No. SR–ISE–
facilitating transactions in securities, to transactions in securities. Further, 2017–112]
remove impediments to and perfect the permanent approval will continue to
Self-Regulatory Organizations; Nasdaq
mechanism of a free and open market provide investors with choice when
ISE, LLC; Notice of Filing and
and a national market system, and, in considering a cabinet trade, including
Immediate Effectiveness of Proposed
general, to protect investors and the the ability to price such trades below $1
Rule Change To Amend Certain Non-
public interest. per contract.
In the Notice, the Exchange explains Transaction Fees in the Exchange’s
that it initially adopted the sub-dollar IV. Accelerated Approval of Proposed Schedule of Fees
cabinet trade rule on a pilot basis to Rule Changes
January 5, 2018.
‘‘evaluate the efficacy of the change and The Commission finds good cause, Pursuant to Section 19(b)(1) of the
to address any operational issues that pursuant to Section 19(b)(2) of the Securities Exchange Act of 1934
might arise in processing [c]abinet Act,18 to approve the proposed rule (‘‘Act’’),1 and Rule 19b–4 thereunder,2
trades.’’ 12 The Exchange represents that changes prior to the 30th day after the notice is hereby given that on December
at the time it adopted the pilot, its date of publication of the Notice in the 22, 2017, Nasdaq ISE, LLC (‘‘ISE’’ or
system permitted reporting cabinet Federal Register.19 The Commission ‘‘Exchange’’) filed with the Securities
trades at prices as small as $0.0001, as believes that the proposed rule change and Exchange Commission
it does today.13 Based on its experience does not raise novel regulatory issues. (‘‘Commission’’) the proposed rule
with these types of trades, the Exchange The Commission notes that earlier this change as described in Items I and II
year it approved similar proposed rule below, which Items have been prepared
7 See Commentary .02 to Phlx Rule 1059.
8 Notice,
by the Exchange. The Commission is
supra note 3, at 58826. The Exchange 14 Id. See also id. at 58826 (noting that ‘‘in 2016,
notes that this is especially true for transactions in there were a total of 442 [c]abinet [t]rades’’ on the publishing this notice to solicit
options classes in the Penny Pilot Program, for Exchange ‘‘comprising 244,734 contracts,’’ and
which cabinet trades are not otherwise permitted. ‘‘[e]ach contract was executed at a price of $0.01.’’). 20 See Securities Exchange Act Release No. 80615
srobinson on DSK9F5VC42PROD with NOTICES
See id. 15 See Notice, supra note 3, at 58826. (May 5, 2017), 82 FR 22036 (May 11, 2017) (SR–
9 15 U.S.C. 78f. 16 Id. NYSEArca–2017–24).
10 In approving this proposed rule change, the 17 Id. 21 See Securities Exchange Act Release No. 80616
Commission has considered the proposed rule’s 18 15 U.S.C. 78s(b)(2). (May 5, 2017), 82 FR 22033 (May 11, 2017) (SR–
impact on efficiency, competition, and capital 19 As noted above, the Notice was published for NYSEMKT–2017–13).
formation. See 15 U.S.C. 78c(f). comment in the Federal Register on December 14,
22 15 U.S.C. 78s(b)(2).
11 15 U.S.C. 78f(b)(5). 23 17 CFR 200.30–3(a)(12).
2017 and the comment period closed on December
12 See Notice, supra note 3, at 58826. 1 15 U.S.C. 78s(b)(1).
29, 2017. Accordingly, the 30th day after
13 See id. publication of the Notice is January 13, 2018. 2 17 CFR 240.19b–4.
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![1448 Federal Register / Vol. 83, No. 8 / Thursday, January 11, 2018 / Notices
fees should be a more accurate 19(b)(3)(A)(ii) of the Act,12 and Rule inspection and copying at the principal
representation of the costs associated 19b–4(f)(2) 13 thereunder. At any time office of the Exchange. All comments
with a member’s use of the Exchange within 60 days of the filing of the received will be posted without change.
today for the reasons discussed above. proposed rule change, the Commission Persons submitting comments are
As noted above, some members will summarily may temporarily suspend cautioned that we do not redact or edit
be impacted more than others with this such rule change if it appears to the personal identifying information from
proposal because the Exchange is Commission that such action is: (i) comment submissions. You should
increasing the monthly access fee for Necessary or appropriate in the public submit only information that you wish
Market Makers only, but eliminating the interest; (ii) for the protection of to make available publicly. All
annual regulatory fee for all members. investors; or (iii) otherwise in submissions should refer to File
The Exchange does not believe that this furtherance of the purposes of the Act. Number SR–ISE–2017–112 and should
is unfairly discriminatory because the If the Commission takes such action, the be submitted on or before February 1,
resources dedicated to the supporting Commission shall institute proceedings 2018.
and regulating a member vary on the to determine whether the proposed rule For the Commission, by the Division of
type of membership. Generally, PMMs should be approved or disapproved. Trading and Markets, pursuant to delegated
are subject to greater obligations than IV. Solicitation of Comments authority.14
CMMs are and CMMs are subject to Eduardo A. Aleman,
greater obligations than EAMs are. Interested persons are invited to
Assistant Secretary.
Furthermore, the technical, regulatory, submit written data, views, and
arguments concerning the foregoing, [FR Doc. 2018–00305 Filed 1–10–18; 8:45 am]
and administrative costs associated with
an EAM’s use of the Exchange are not including whether the proposed rule BILLING CODE 8011–01–P
as high as those associated with Market change is consistent with the Act.
Makers. Comments may be submitted by any of
the following methods: SMALL BUSINESS ADMINISTRATION
B. Self-Regulatory Organization’s
Statement on Burden on Competition Electronic Comments [Disaster Declaration #15399 and #15400;
• Use the Commission’s internet MISSISSIPPI Disaster Number MS–00104]
The Exchange does not believe that
comment form (http://www.sec.gov/ Presidential Declaration Amendment of
the proposed rule change will impose
rules/sro.shtml); or a Major Disaster for Public Assistance
any burden on competition not • Send an email to rule-comments@
necessary or appropriate in furtherance Only for the State of Mississippi
sec.gov. Please include File Number SR–
of the purposes of the Act. As discussed ISE–2017–112 on the subject line. AGENCY: U.S. Small Business
above, the proposed fee changes are
Paper Comments Administration.
designed to more accurately reflect the
ACTION: Amendment 1.
technical, regulatory, and administrative • Send paper comments in triplicate
costs associated with a member’s use of to Secretary, Securities and Exchange SUMMARY: This is an amendment of the
the Exchange, and the fees remain Commission, 100 F Street NE, presidential declaration of a major
competitive with similar fees offered on Washington, DC 20549–1090. disaster for public assistance only for
other options exchanges. The Exchange All submissions should refer to File the state of Mississippi (FEMA–4350–
operates in a highly competitive market Number SR–ISE–2017–112. This file DR), dated 11/22/2017.
in which market participants can number should be included on the Incident: Hurricane Nate.
readily favor competing venues if they subject line if email is used. To help the Incident Period: 10/06/2017 through
deem fee levels at a particular venue to Commission process and review your 10/10/2017.
be excessive, or rebate opportunities comments more efficiently, please use DATES: Issued on 01/02/2018.
available at other venues to be more only one method. The Commission will
favorable. In such an environment, the Physical Loan Application Deadline
post all comments on the Commission’s Date: 01/22/2018.
Exchange must continually adjust its internet website (http://www.sec.gov/
fees to remain competitive. Because Economic Injury (EIDL) Loan
rules/sro.shtml). Copies of the Application Deadline Date: 08/22/2018.
competitors are free to modify their own submission, all subsequent
fees in response, and because market ADDRESSES: Submit completed loan
amendments, all written statements
participants may readily adjust their applications to: U.S. Small Business
with respect to the proposed rule
order routing practices, the Exchange Administration, Processing and
change that are filed with the
believes that the degree to which fee Disbursement Center, 14925 Kingsport
Commission, and all written
changes in this market may impose any Road, Fort Worth, TX 76155.
communications relating to the
burden on competition is extremely proposed rule change between the FOR FURTHER INFORMATION CONTACT:
limited. Commission and any person, other than A. Escobar, Office of Disaster
those that may be withheld from the Assistance, U.S. Small Business
C. Self-Regulatory Organization’s
public in accordance with the Administration, 409 3rd Street SW,
Statement on Comments on the
provisions of 5 U.S.C. 552, will be Suite 6050, Washington, DC 20416,
Proposed Rule Change Received From
available for website viewing and (202) 205–6734.
Members, Participants, or Others
printing in the Commission’s Public SUPPLEMENTARY INFORMATION: The notice
No written comments were either Reference Room, 100 F Street NE, of the President’s major disaster
srobinson on DSK9F5VC42PROD with NOTICES
solicited or received. Washington, DC 20549, on official declaration for Private Non-Profit
III. Date of Effectiveness of the business days between the hours of organizations in the State of Mississippi,
Proposed Rule Change and Timing for 10:00 a.m. and 3:00 p.m. Copies of the dated 11/22/2017, is hereby amended to
Commission Action filing also will be available for include the following areas as adversely
affected by the disaster.
The foregoing rule change has become 12 15 U.S.C. 78s(b)(3)(A)(ii).
effective pursuant to Section 13 17 CFR 240.19b–4(f)(2). 14 17 CFR 200.30–3(a)(12).
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Document Created: 2018-01-11 04:54:15
Document Modified: 2018-01-11 04:54:15
| 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 | 83 FR 1446 |
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