83 FR 47663 - Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change Relating To Amend Its Rules Relating to Categories of Registration and Respective Qualification Examinations Required for Trading Permit Holders (“TPHs”) and Associated Persons That Engage in Trading Activities on the Exchange
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 83, Issue 183 (September 20, 2018)
Federal Register Volume 83, Issue 183 (September 20, 2018)
| Page Range | 47663-47665 | |
| FR Document | 2018-20433 |
[Federal Register Volume 83, Number 183 (Thursday, September 20, 2018)] [Notices] [Pages 47663-47665] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2018-20433] [[Page 47663]] ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION [Release No. 34-84142; File No. SR-CBOE-2018-064] Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change Relating To Amend Its Rules Relating to Categories of Registration and Respective Qualification Examinations Required for Trading Permit Holders (``TPHs'') and Associated Persons That Engage in Trading Activities on the Exchange September 14, 2018. 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 7, 2018, Cboe Exchange, Inc. (the ``Exchange'' or ``Cboe Options'') filed with the Securities and Exchange Commission (the ``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 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 Cboe Exchange, Inc. (the ``Exchange'' or ``Cboe Options'') proposes to amend its rules relating to categories of registration and respective qualification examinations required for Trading Permit Holders (``TPHs'') and associated persons that engage in trading activities on the Exchange. The text of the proposed rule change is also available on the Exchange's website (http://www.cboe.com/AboutCBOE/CBOELegalRegulatoryHome.aspx), at the Exchange's Office of the Secretary, and at the Commission's Public Reference Room. II. Self-Regulatory Organization's Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change In its filing with the Commission, the Exchange included statements concerning the purpose of and basis for the proposed rule change and discussed any comments it received on the proposed rule change. The text of these statements may be examined at the places specified in Item IV below. The Exchange has prepared summaries, set forth in sections A, B, and C below, of the most significant aspects of such statements. A. Self-Regulatory Organization's Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change 1. Purpose The SEC recently approved a proposed rule change to restructure the FINRA representative-level qualification examination program.\3\ The rule change, which will become effective on October 1, 2018, restructures the examination program into a more efficient format whereby all new representative-level applicants will be required to take a general knowledge examination (the Securities Industry Essentials Examination (``SIE'')) and a tailored, specialized knowledge examination (a revised representative-level qualification examination) for their particular registered role. Individuals are not required to be associated with an Exchange or any other self-regulatory organization (``SRO'') member to be eligible to take the SIE. However, passing the SIE alone will not qualify an individual for registration with the Exchange. To be eligible for registration, an individual must also be associated with a firm, pass an appropriate qualification examination for a representative or principal and satisfy the other requirements relating to the registration process. --------------------------------------------------------------------------- \3\ See Securities Exchange Act Release No. 81098 (July 7, 2017), 82 FR 32419 (July 13, 2017) (Order Approving File No. SR- FINRA-2017-007). --------------------------------------------------------------------------- The SIE would assess basic product knowledge; the structure and function of the securities industry markets, regulatory agencies and their functions; and regulated and prohibited practices. In particular, the SIE will cover four major areas. The first, ``Knowledge of Capital Markets,'' focuses on topics such as types of markets and offerings, broker-dealers and depositories, and economic cycles. The second, ``Understanding Products and Their Risks,'' covers securities products at a high level as well as associated investment risks. The third, ``Understanding Trading, Customer Accounts and Prohibited Activities,'' focuses on accounts, orders, settlement and prohibited activities. The final area, ``Overview of the Regulatory Framework,'' encompasses topics such as SROs, registration requirements and specified conduct rules. It's anticipated that the SIE would include 75 scored questions plus an additional 10 unscored pretest questions. The passing score would be determined through methodologies compliant with testing industry standards used to develop examinations and set passing standards. The restructured program eliminates duplicative testing of general securities knowledge on the current representative-level qualification examinations by moving such content into the SIE. The SIE will test fundamental securities related knowledge, including knowledge of basic products, the structure and function of the securities industry, the regulatory agencies and their functions and regulated and prohibited practices, whereas the revised representative-level qualification examinations will test knowledge relevant to day-to-day activities, responsibilities and job functions of representatives. The SIE was developed in consultation with a committee of industry representatives and representatives of several other SROs. Each of the current representative-level examinations covers general securities knowledge, with the exception of the Research Analyst (Series 86 and 87) examinations. The Exchange proposes to require that effective October 1, 2018, new applicants seeking to register in a representative capacity with the Exchange must pass the SIE before their registrations can become effective. The Exchange proposes to make the requirement operative on October 1, 2018 to coincide with the effective date of FINRA's requirement. The Exchange notes that individuals who are registered as of October 1, 2018 are eligible to maintain their registrations without being subject to any additional requirements. Individuals who had been registered within the past two years prior to October 1, 2018, would also be eligible to maintain those registrations without being subject to any additional requirements, provided they register within two years from the date of their last registration. However, with respect to an individual who is not registered on the effective date of the proposed rule change but was registered within the past two years prior to the effective date of the proposed rule change, the individual's SIE status in the CRD system would be administratively terminated if such individual does not register with the Exchange within four years from the date of the individual's last registration. The Exchange also notes that consistent with Interpretation and Policy .05 of Rule 3.6A, the Exchange will consider waivers of the SIE alone or the SIE and the representative or principal-level examination(s) for TPHs who are [[Page 47664]] seeking registration in a representative- or principal-level registration category.\4\ --------------------------------------------------------------------------- \4\ Pursuant to a Regulatory Services Agreement between FINRA and Cboe Options, FINRA provides Cboe Options certain exam waiver services in responding to exam waiver requests from Cboe Options TPHs. --------------------------------------------------------------------------- Lastly, the Exchange proposes to adopt Interpretation and Policy .09 of Rule 3.6A and Interpretation and Policy .02 of Rule 9.3 to provide individuals who are associated persons of firms and who hold foreign registrations an alternative, more flexible, process to obtain an Exchange representative-level registration. The Exchange believes that there is sufficient overlap between the SIE and these foreign qualification requirements to permit them to act as exemptions to the SIE. As such the Exchange proposes to provide that individuals who are in good standing as representatives with the Financial Conduct Authority in the United Kingdom or with a Canadian stock exchange or securities regulator would be exempt from the requirement to pass the SIE, and thus would be required only to pass a specialized knowledge examination to register with the Exchange as a representative. The proposed approach would provide individuals with a United Kingdom or Canadian qualification more flexibility to obtain an Exchange representative-level registration. The Exchange notes that FINRA has adopted a similar rule.\5\ --------------------------------------------------------------------------- \5\ See Securities Exchange Act Release No. 81098 (July 7, 2017), 82 FR 32419 (July 13, 2017) (Order Approving File No. SR- FINRA-2017-007). --------------------------------------------------------------------------- 2. Statutory Basis The Exchange believes the proposed rule change is consistent with the Securities Exchange Act of 1934 (the ``Act'') and the rules and regulations thereunder applicable to the Exchange and, in particular, the requirements of Section 6(b) of the Act.\6\ Specifically, the Exchange believes the proposed rule change is consistent with the Section 6(b)(5) \7\ requirements that the rules of an exchange be designed to prevent fraudulent and manipulative acts and practices, to promote just and equitable principles of trade, to foster cooperation and coordination with persons engaged in regulating, clearing, settling, processing information with respect to, and facilitating transactions in securities, to remove impediments to and perfect the mechanism of a free and open market and a national market system, and, in general, to protect investors and the public interest. Additionally, the Exchange believes the proposed rule change is consistent with the Section 6(b)(5) \8\ requirement that the rules of an exchange not be designed to permit unfair discrimination between customers, issuers, brokers, or dealers. --------------------------------------------------------------------------- \6\ 15 U.S.C. 78f(b). \7\ 15 U.S.C. 78f(b)(5). \8\ Id. --------------------------------------------------------------------------- The Exchange believes that the proposed rule change will improve the efficiency of the Exchange's examination requirements, without compromising the qualification standards, by eliminating duplicative testing of general securities knowledge on examinations. FINRA has indicated that the SIE was developed in an effort to adopt an examination that would assess basic product knowledge; the structure and function of the securities industry markets, regulatory agencies and their functions; and regulated and prohibited practices. The Exchange also notes that the introduction of the SIE and expansion of the pool of individuals who are eligible to take the SIE, has the potential of enhancing the pool of prospective securities industry professionals by introducing them to securities laws, rules and regulations and appropriate conduct before they join the industry in a registered capacity. Lastly, the Exchange notes adopting the SIE requirement is consistent with the requirement recently adopted by FINRA.\9\ --------------------------------------------------------------------------- \9\ See Securities Exchange Act Release No. 81098 (July 7, 2017), 82 FR 32419 (July 13, 2017) (Order Approving File No. SR- FINRA-2017-007). --------------------------------------------------------------------------- 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 that is not necessary or appropriate in furtherance of the purposes of the Act. The Exchange believes that the proposed rule change, which harmonizes its rules with recent rule changes adopted by FINRA and which is being filed in conjunction with similar filings by the other national securities exchanges, will reduce the regulatory burden placed on market participants engaged in trading activities across different markets. The Exchange believes that the harmonization of these registration requirements across the various markets will reduce burdens on competition by removing impediments to participation in the national market system and promoting competition among participants across the multiple national securities exchanges. C. Self-Regulatory Organization's Statement on Comments on the Proposed Rule Change Received From Members, Participants, or Others The Exchange neither solicited nor received written comments on the proposed rule change. III. Date of Effectiveness of the Proposed Rule Change and Timing for Commission Action Because the foregoing proposed rule change does not: (i) Significantly affect the protection of investors or the public interest; (ii) impose any significant burden on competition; and (iii) become operative for 30 days from the date on which it was filed, or such shorter time as the Commission may designate, it has become effective pursuant to Section 19(b)(3)(A) of the Act \10\ and Rule 19b- 4(f)(6) thereunder. --------------------------------------------------------------------------- \10\ 15 U.S.C. 78s(b)(3)(A). --------------------------------------------------------------------------- A proposed rule change filed under Rule 19b-4(f)(6) normally does not become operative for 30 days from the date of filing. However, Rule 19b-4(f)(6)(iii) \11\ permits the Commission to designate a shorter time if such action is consistent with the protection of investors and the public interest. The Exchange has asked the Commission to waive the 30-day operative delay so that the proposal may become operative on October 1, 2018 to coincide with the effective date of FINRA's proposed rule change on which the proposal is based.\12\ The waiver of the operative delay would make the Exchange's qualification requirements consistent with those of FINRA. Therefore, the Commission believes that the waiver of the 30-day operative delay is consistent with the protection of investors and the public interest and hereby waives the 30-day operative delay and designates the proposal operative on October 1, 2018.\13\ --------------------------------------------------------------------------- \11\ 17 CFR 240.19b-4(f)(6)(iii). \12\ See supra note 3. \13\ For purposes only of waiving the 30-day operative delay, the Commission has also considered the proposed rule's impact on efficiency, competition, and capital formation. See 15 U.S.C. 78c(f). --------------------------------------------------------------------------- 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. IV. Solicitation of Comments Interested persons are invited to submit written data, views, and arguments concerning the foregoing, [[Page 47665]] 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-CBOE-2018-064 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-CBOE-2018-064. 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-CBOE-2018-064 and should be submitted on or before October 11, 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. 2018-20433 Filed 9-19-18; 8:45 am] BILLING CODE 8011-01-P
![Federal Register / Vol. 83, No. 183 / Thursday, September 20, 2018 / Notices 47663
SECURITIES AND EXCHANGE the most significant aspects of such industry standards used to develop
COMMISSION statements. examinations and set passing standards.
The restructured program eliminates
[Release No. 34–84142; File No. SR–CBOE– A. Self-Regulatory Organization’s
duplicative testing of general securities
2018–064] Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule knowledge on the current
Self-Regulatory Organizations; Cboe Change representative-level qualification
Exchange, Inc.; Notice of Filing and examinations by moving such content
Immediate Effectiveness of a Proposed 1. Purpose into the SIE. The SIE will test
Rule Change Relating To Amend Its The SEC recently approved a fundamental securities related
Rules Relating to Categories of proposed rule change to restructure the knowledge, including knowledge of
Registration and Respective FINRA representative-level qualification basic products, the structure and
Qualification Examinations Required examination program.3 The rule change, function of the securities industry, the
for Trading Permit Holders (‘‘TPHs’’) which will become effective on October regulatory agencies and their functions
and Associated Persons That Engage 1, 2018, restructures the examination and regulated and prohibited practices,
in Trading Activities on the Exchange program into a more efficient format whereas the revised representative-level
whereby all new representative-level qualification examinations will test
September 14, 2018. applicants will be required to take a knowledge relevant to day-to-day
Pursuant to Section 19(b)(1) of the general knowledge examination (the activities, responsibilities and job
Securities Exchange Act of 1934 (the Securities Industry Essentials functions of representatives. The SIE
‘‘Act’’),1 and Rule 19b–4 thereunder,2 Examination (‘‘SIE’’)) and a tailored, was developed in consultation with a
notice is hereby given that on specialized knowledge examination (a committee of industry representatives
September 7, 2018, Cboe Exchange, Inc. revised representative-level and representatives of several other
(the ‘‘Exchange’’ or ‘‘Cboe Options’’) qualification examination) for their SROs. Each of the current
filed with the Securities and Exchange particular registered role. Individuals representative-level examinations
Commission (the ‘‘Commission’’) the are not required to be associated with an covers general securities knowledge,
proposed rule change as described in Exchange or any other self-regulatory with the exception of the Research
Items I and II below, which Items have organization (‘‘SRO’’) member to be Analyst (Series 86 and 87)
been prepared by the Exchange. The eligible to take the SIE. However, examinations.
Commission is publishing this notice to passing the SIE alone will not qualify an The Exchange proposes to require that
solicit comments on the proposed rule individual for registration with the effective October 1, 2018, new
change from interested persons. Exchange. To be eligible for registration, applicants seeking to register in a
I. Self-Regulatory Organization’s an individual must also be associated representative capacity with the
Statement of the Terms of Substance of with a firm, pass an appropriate Exchange must pass the SIE before their
the Proposed Rule Change qualification examination for a registrations can become effective. The
representative or principal and satisfy Exchange proposes to make the
Cboe Exchange, Inc. (the ‘‘Exchange’’ the other requirements relating to the requirement operative on October 1,
or ‘‘Cboe Options’’) proposes to amend registration process. 2018 to coincide with the effective date
its rules relating to categories of The SIE would assess basic product of FINRA’s requirement.
registration and respective qualification knowledge; the structure and function The Exchange notes that individuals
examinations required for Trading of the securities industry markets, who are registered as of October 1, 2018
Permit Holders (‘‘TPHs’’) and associated regulatory agencies and their functions; are eligible to maintain their
persons that engage in trading activities and regulated and prohibited practices. registrations without being subject to
on the Exchange. In particular, the SIE will cover four any additional requirements.
The text of the proposed rule change major areas. The first, ‘‘Knowledge of Individuals who had been registered
is also available on the Exchange’s Capital Markets,’’ focuses on topics such within the past two years prior to
website (http://www.cboe.com/ as types of markets and offerings, October 1, 2018, would also be eligible
AboutCBOE/ broker-dealers and depositories, and to maintain those registrations without
CBOELegalRegulatoryHome.aspx), at economic cycles. The second, being subject to any additional
the Exchange’s Office of the Secretary, ‘‘Understanding Products and Their requirements, provided they register
and at the Commission’s Public Risks,’’ covers securities products at a within two years from the date of their
Reference Room. high level as well as associated last registration. However, with respect
II. Self-Regulatory Organization’s investment risks. The third, to an individual who is not registered
Statement of the Purpose of, and ‘‘Understanding Trading, Customer on the effective date of the proposed
Statutory Basis for, the Proposed Rule Accounts and Prohibited Activities,’’ rule change but was registered within
Change focuses on accounts, orders, settlement the past two years prior to the effective
and prohibited activities. The final area, date of the proposed rule change, the
In its filing with the Commission, the ‘‘Overview of the Regulatory
Exchange included statements individual’s SIE status in the CRD
Framework,’’ encompasses topics such system would be administratively
concerning the purpose of and basis for as SROs, registration requirements and
the proposed rule change and discussed terminated if such individual does not
specified conduct rules. It’s anticipated register with the Exchange within four
any comments it received on the that the SIE would include 75 scored
proposed rule change. The text of these years from the date of the individual’s
amozie on DSK3GDR082PROD with NOTICES1
questions plus an additional 10 last registration. The Exchange also
statements may be examined at the unscored pretest questions. The passing
places specified in Item IV below. The notes that consistent with Interpretation
score would be determined through and Policy .05 of Rule 3.6A, the
Exchange has prepared summaries, set methodologies compliant with testing
forth in sections A, B, and C below, of Exchange will consider waivers of the
3 See Securities Exchange Act Release No. 81098
SIE alone or the SIE and the
1 15 U.S.C. 78s(b)(1). (July 7, 2017), 82 FR 32419 (July 13, 2017) (Order
representative or principal-level
2 17 CFR 240.19b–4. Approving File No. SR–FINRA–2017–007). examination(s) for TPHs who are
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![Federal Register / Vol. 83, No. 183 / Thursday, September 20, 2018 / Notices 47665
including whether the proposed rule SECURITIES AND EXCHANGE list of specific Eligible SES Reference
change is consistent with the Act. COMMISSION Entities to be cleared by ICC. ICC has
Comments may be submitted by any of also represented that clearing of the
[Release No. 34–84130; File No. SR–ICC–
the following methods: 2018–007]
additional EM Contract will not require
any changes to ICC’s Risk Management
Electronic Comments Framework or other policies and
Self-Regulatory Organizations; ICE
• Use the Commission’s internet Clear Credit LLC; Order Approving procedures constituting rules within the
comment form (http://www.sec.gov/ Proposed Rule Change Relating to the meaning of the Securities Exchange Act
rules/sro.shtml); or Clearance of an Additional Credit of 1934 (‘‘Act’’).7
• Send an email to rule-comments@ Default Swap Contract
sec.gov. Please include File Number SR– III. Discussion and Commission
CBOE–2018–064 on the subject line. September 14, 2018. Findings
Section 19(b)(2)(C) of the Act directs
Paper Comments I. Introduction
the Commission to approve a proposed
• Send paper comments in triplicate On June 13, 2018, ICE Clear Credit rule change of a self-regulatory
to Secretary, Securities and Exchange LLC (‘‘ICC’’) filed with the Securities organization if it finds that such
Commission, 100 F Street NE, and Exchange Commission proposed rule change is consistent with
Washington, DC 20549–1090. (‘‘Commission’’), pursuant to Section the requirements of the Act and the
All submissions should refer to File 19(b)(1) of the Securities Exchange Act rules and regulations thereunder
Number SR–CBOE–2018–064. This file of 1934 1 and Rule 19b–4 thereunder,2 a applicable to such organization.8
number should be included on the proposed rule change to revise the ICC Section 17A(b)(3)(F) of the Act requires,
subject line if email is used. To help the Rulebook (the ‘‘Rules’’) 3 to provide for among other things, that the rules of a
Commission process and review your the clearance of an additional Standard registered clearing agency be designed
comments more efficiently, please use Emerging Market Sovereign CDS to promote the prompt and accurate
only one method. The Commission will contract (‘‘EM Contract’’). The proposed clearance and settlement of securities
post all comments on the Commission’s rule change was published for comment transactions, assure the safeguarding of
internet website (http://www.sec.gov/ in the Federal Register on July 3, 2018.4 securities and funds which are in the
rules/sro.shtml). Copies of the The Commission did not receive custody or control of the clearing agency
submission, all subsequent comments regarding the proposed rule for which it is responsible and, in
amendments, all written statements change. On August 16, 2018, the general, to protect investors and the
with respect to the proposed rule Commission designated a longer period public interest.9
change that are filed with the for Commission action on the proposed The Commission finds that the rule
Commission, and all written rule change.5 For the reasons discussed change is consistent with Section
communications relating to the below, the Commission is approving the 17A(b)(3)(F) of the Act 10 and the rules
proposed rule change between the proposed rule change. and regulations thereunder applicable to
Commission and any person, other than II. Description of the Proposed Rule ICC. The Commission has reviewed the
those that may be withheld from the Change terms and conditions of this contract
public in accordance with the and has determined that it is
The proposed rule change will
provisions of 5 U.S.C. 552, will be substantially similar to the other
provide the basis for ICC to clear an
available for website viewing and contracts listed in Subchapter 26D of
additional credit default swap contract.
printing in the Commission’s Public the ICC Rules, all of which ICC
ICC proposes to amend Subchapter 26D
Reference Room, 100 F Street NE, currently clears, the key difference
of its Rules to provide for the clearance
Washington, DC 20549 on official being that the underlying reference
of an additional EM Contract, the
business days between the hours of obligations will be issuances by the
Lebanese Republic. ICC represents that
10:00 a.m. and 3:00 p.m. Copies of the Lebanese Republic. Moreover, after
this additional EM Contract has terms
filing also will be available for reviewing the Notice and ICC’s Rules,
consistent with the other EM Contracts
inspection and copying at the principal policies and procedures, the
approved for clearing at ICC and is
office of the Exchange. All comments Commission finds that the additional
governed by Subchapter 26D of the
received will be posted without change. EM Contract will be cleared pursuant to
Rules.6 Minor revisions to Subchapter
Persons submitting comments are ICC’s existing clearing arrangements and
26D (Standard Emerging Market
cautioned that we do not redact or edit related financial safeguards, protections
Sovereign (‘‘SES’’) Single Name) are
personal identifying information from and risk management procedures.11 In
being made to provide for clearing the
comment submissions. You should addition, based on its own experience
additional EM Contract. Specifically, in
submit only information that you wish and expertise, including a review of
Rule 26D–102 (Definitions), ‘‘Eligible
to make available publicly. All data on volume, open interest, and the
SES Reference Entities’’ is modified to
submissions should refer to File number of ICC clearing participants
include the Lebanese Republic in the
Number SR–CBOE–2018–064 and (‘‘CPs’’) that currently trade in the
should be submitted on or before 1 15 U.S.C. 78s(b)(1).
additional EM Contract as well as
October 11, 2018. 2 17 CFR 240.19b–4. certain model parameters for the
For the Commission, by the Division of 3 Capitalized terms used herein but not otherwise additional EM Contract, the
Trading and Markets, pursuant to delegated defined have the meaning set forth in the ICC Rules. Commission finds that ICC’s rules,
amozie on DSK3GDR082PROD with NOTICES1
Available at https://www.theice.com/publicdocs/ policies, and procedures are reasonably
authority.14
clear_credit/ICE_Clear_Credit_Rules.pdf.
Eduardo A. Aleman, 4 Securities Exchange Act Release No. 34–83545
designed to price and measure the
Assistant Secretary. (June 28, 2018), 83 FR 31244 (July 3, 2018) (SR–
7 Id.
ICC–2018–007) (‘‘Notice’’).
[FR Doc. 2018–20433 Filed 9–19–18; 8:45 am] 8 15 U.S.C. 78s(b)(2)(C).
5 Securities Exchange Act Release No. 34–83864
BILLING CODE 8011–01–P (August 16, 2018), 83 FR 42540 (August 22, 2018) 9 15 U.S.C. 78q–1(b)(3)(F).
(SR–ICC–2018–007). 10 15 U.S.C. 78q–1.
14 17 CFR 200.30–3(a)(12). 6 Notice, 83 FR at 31245. 11 Notice, 83 FR at 31245.
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Document Created: 2018-09-20 02:08:33
Document Modified: 2018-09-20 02:08:33
| 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 47663 |
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