Self-Regulatory Organizations; Chicago Board Options Exchange, Incorporated; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend the Fees Schedule, 33374-33375 [2010-14054]
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Federal Register / Vol. 75, No. 112 / Friday, June 11, 2010 / Notices
For the Commission, by the Division of
Investment Management, pursuant to
delegated authority.
Exchange Commission (the
‘‘Commission’’) the proposed rule
change as described in Items I, II, and
III below, which Items have been
prepared by the Exchange. The
Exchange has designated this proposal
as one establishing or changing a due,
fee, or other charge imposed by CBOE
under Section 19(b)(3)(A)(ii) of the Act 3
and Rule 19b–4(f)(2) thereunder.4 The
Commission is publishing this notice to
solicit comments on the proposed rule
change from interested persons.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010–14052 Filed 6–10–10; 8:45 am]
BILLING CODE 8010–01–P
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 Securities and Exchange
Commission will hold an Open Meeting
on June 16, 2010 at 10 a.m., in the
Auditorium, Room L–002.
The subject matter of the Open
Meeting will be: The Commission will
consider whether to propose
amendments to rules 156 and 482 under
the Securities Act of 1933 and rule 34b–
1 under the Investment Company Act of
1940 to address concerns that have been
raised about target date retirement fund
names and marketing materials.
At times, changes in Commission
priorities require alterations in the
scheduling of meeting items.
For further information and to
ascertain what, if any, matters have been
added, deleted or postponed, please
contact:
The Office of the Secretary at (202)
551–5400.
Dated: June 8, 2010.
Elizabeth M. Murphy,
Secretary.
[FR Doc. 2010–14148 Filed 6–9–10; 11:15 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–62227; File No. SR–CBOE–
2010–050]
Self-Regulatory Organizations;
Chicago Board Options Exchange,
Incorporated; Notice of Filing and
Immediate Effectiveness of Proposed
Rule Change To Amend the Fees
Schedule
WReier-Aviles on DSKGBLS3C1PROD with NOTICES
June 4, 2010.
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 May 21,
2010, the Chicago Board Options
Exchange, Incorporated (‘‘Exchange’’ or
‘‘CBOE’’) filed with the Securities and
1 15
2 17
U.S.C. 78s(b)(1).
CFR 240.19b–4.
VerDate Mar<15>2010
15:04 Jun 10, 2010
Jkt 220001
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
The Exchange proposes to amend its
Fees Schedule to establish fees for
transactions in all S&P 500 Dividend
Index options, regardless of the
specified accrual period. The text of the
proposed rule change is available on the
Exchange’s Web site (https://
www.cboe.org/Legal), on the
Commission’s Web site at https://
www.sec.gov, 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
self-regulatory organization 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 those statements may be examined at
the places specified in Item IV below.
The Exchange has prepared summaries,
set forth in Sections A, B, and C below,
of the most significant parts of such
statements.
A. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
1. Purpose
The Exchange previously received
approval to list options on the S&P 500
Dividend Index, which represents the
accumulated ex-dividend amounts of all
S&P 500 Index component securities
over a specified accrual period (e.g.,
quarterly, semi-annually, annually), and
recently approval to list options on the
S&P 500 Annual Dividend Index with
an applied scaling factor of 1.5 The
3 15
U.S.C. 78s(b)(3)(A)(ii).
CFR 240.19b–4(f)(2).
5 See Securities Exchange Act Release Nos. 61136
(December 10, 2009), 74 FR 66711 (December 16,
2009) (SR–CBOE–2009–022) and 62023 (May 3,
2010), 75 FR 25899 (May 10, 2010) (SR–CBOE–
2010–039).
4 17
PO 00000
Frm 00137
Fmt 4703
Sfmt 4703
Exchange currently lists S&P 500
Dividend Index (‘‘DVS’’) options with a
specified quarterly accrual period and
will begin listing options on the S&P
500 Annual Dividend Index on May 25,
2010.
The purposes [sic] of this filing is to
amend the CBOE Fees Schedule to
extend the existing fees for transactions
in DVS options to all options on the S&P
500 Dividend Index, regardless of the
specified accrual period.6 Currently the
established transaction fees for DVS
options are as follows:
• $0.20 per contract for Market-Maker
and Designated Primary Market-Maker
transactions;7
• $0.20 per contract for member firm
proprietary transactions;
• $0.40 per contract for manually
executed broker-dealer transactions;
• $0.40 per contract for electronically
executed broker-dealer transactions;
• $0.40 per contract for voluntary
professional transactions;
• $0.40 per contract for professional
transactions;
• $0.40 per contract for customer
transactions; and
• $0.10 per contract CFLEX surcharge
fee.
The Exchange also assesses a $.10 per
contract surcharge fee on all non-public
customer transactions in DVS options to
help the Exchange recoup license fees
the Exchange pays to the reporting
authority. Further, the Exchange’s
Liquidity Provider Sliding Scale applies
to transaction fees in DVS options, but
the Exchange’s marketing fee 8 does not
apply.
To affect the current proposal, the
Exchange proposes to replace all
references to ‘‘DVS’’ in the CBOE Fees
Schedule with a reference to ‘‘S&P 500
Dividend Index.’’ The transaction fees
for options on the ‘‘S&P 500 Dividend
Index’’ will apply to all options on the
S&P 500 Dividend Index regardless of
the specified accrual period (e.g.,
quarterly, semi-annually, annually).
The Exchange believes the rule
change will further the Exchange’s goal
of introducing new products to the
marketplace that are competitively
priced.9 Also, the Exchange states that
the surcharge fee on all non-public
customer transactions in options on the
S&P 500 Dividend Index is to help the
6 See Securities Exchange Act Release No. 61295
(January 6, 2010), 75 FR 2166 (January 14, 2010)
(SR–CBOE–2009–098) (filing establishing
transaction fees for DVS options).
7 This is the standard rate that is subject to the
Liquidity Provider Sliding Scale as set forth in
Footnote 10 to the Fees Schedule.
8 See Footnote 6 of the Fees Schedule.
9 Linkage order fees are inapplicable for options
on CBOE’s proprietary products.
E:\FR\FM\11JNN1.SGM
11JNN1
Federal Register / Vol. 75, No. 112 / Friday, June 11, 2010 / Notices
Exchange recoup license fees the
Exchange pays to Standard & Poor’s
Financial Services LLC to list options on
the S&P 500 Dividend Index.
Comments may be submitted by any of
the following methods:
2. Statutory Basis
The proposed rule change is
consistent with Section 6(b) of the
Act,10 in general, and furthers the
objectives of Section 6(b)(4) 11 of the Act
in particular, in that it is designed to
provide for the equitable allocation of
reasonable dues, fees, and other charges
among CBOE members and other
persons using its facilities. The
Exchange believes the fee changes
proposed by this filing are equitable and
reasonable in that [sic] will further the
Exchange’s goal of introducing new
products to the marketplace that are
competitively priced and will help the
Exchange recoup license fees that the
Exchange pays to the reporting
authority.
• Use the Commission’s Internet
comment form (https://www.sec.gov/
rules/sro.shtml); or
• Send an e-mail to rulecomments@sec.gov. Please include File
Number SR–CBOE–2010–050 on the
subject line.
B. Self-Regulatory Organization’s
Statement on Burden on Competition
CBOE 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.
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 comments on the proposal.
WReier-Aviles on DSKGBLS3C1PROD with NOTICES
III. Date of Effectiveness of the
Proposed Rule Change and Timing for
Commission Action
Because the foregoing proposed rule
change establishes or changes a due, fee,
or other charge imposed by the
Exchange, it has become effective
pursuant to Section 19(b)(3)(A) of the
Act 12 and subparagraph (f)(2) of Rule
19b–4 13 thereunder. At any time within
60 days of the filing of the proposed rule
change, the Commission may summarily
abrogate 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,
including whether the proposed rule
change is consistent with the Act.
10 15
U.S.C. 78f(b).
U.S.C. 78f(b)(4).
12 15 U.S.C. 78s(b)(3)(A).
13 17 CFR 240.19b–4(f)(2).
15:04 Jun 10, 2010
[Public Notice: 7044]
30-Day Notice of Proposed Information
Collection: DS–2031, Shrimp
Exporter’s/Importer’s Declaration,
OMB Control Number 1405–0095
ACTION: Notice of request for public
comment and submission to OMB of
proposed collection of information.
SUMMARY: The Department of State has
submitted the following information
collection request to the Office of
• Send paper comments in triplicate
Management and Budget (OMB) for
to Elizabeth M. Murphy, Secretary,
approval in accordance with the
Securities and Exchange Commission,
Paperwork Reduction Act of 1995.
100 F Street, NE., Washington DC
• Title of Information Collection:
20549–1090.
Shrimp Exporter’s/Importer’s
All submissions should refer to File
Declaration.
Number SR–CBOE–2010–050. This file
• OMB Control Number: 1405–0095.
number should be included on the
• Type of Request: Extension of a
subject line if e-mail is used. To help the Currently Approved Collection.
Commission process and review your
• Originating Office: Bureau of
comments more efficiently, please use
Oceans and International Environmental
only one method. The Commission will and Scientific Affairs, Office of Marine
post all comments on the Commission’s Conservation (OES/OMC).
Internet Web site (https://www.sec.gov/
• Form Number: DS–2031.
rules/sro.shtml). Copies of the
• Respondents: Business or other forsubmission, all subsequent
profit.
amendments, all written statements
• Estimated Number of Respondents:
with respect to the proposed rule
3,000.
change that are filed with the
• Estimated Number of Responses:
Commission, and all written
10,000.
communications relating to the
• Average Hours per Response: 10
proposed rule change between the
min.
Commission and any person, other than
• Total Estimated Burden: 1,666.
those that may be withheld from the
• Frequency: On Occasion.
public in accordance with the
• Obligation to Respond: Mandatory.
provisions of 5 U.S.C. 552, will be
DATES: Submit comments to the Office
available for Web site viewing and
of Management and Budget (OMB) for
printing in the Commission’s Public
up to 30 days from June 11, 2010.
Reference Room, 100 F Street, NE.,
ADDRESSES: Direct comments to the
Washington, DC 20549, on official
Department of State Desk Officer in the
business days between the hours of 10
Office of Information and Regulatory
a.m. and 3 p.m. Copies of such filing
Affairs at the Office of Management and
also will be available for inspection and Budget (OMB). You may submit
copying at the principal office of the
comments by the following methods:
Exchange. All comments received will
• E-mail:
be posted without change; the
oira_submission@omb.eop.gov. You
Commission does not edit personal
must include the DS form number,
identifying information from
information collection title, and OMB
submissions. You should submit only
control number in the subject line of
information that you wish to make
your message.
available publicly. All submissions
• Fax: 202–395–5806. Attention: Desk
should refer to File No. SR–CBOE–
Officer for Department of State.
2010–050 and should be submitted on
FOR FURTHER INFORMATION CONTACT: You
or before July 2, 2010.
may obtain copies of the proposed
For the Commission, by the Division of
information collection and supporting
Trading and Markets, pursuant to delegated
documents from David Hogan, Office of
authority.14
Marine Conservation, 2201 C Street,
Florence E. Harmon,
NW., Room 2758, Washington, DC who
may be reached on 202–647–2337 or
Deputy Secretary.
HoganDF@state.gov.
[FR Doc. 2010–14054 Filed 6–10–10; 8:45 am]
14 17
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DEPARTMENT OF STATE
Paper Comments
PO 00000
CFR 200.30–3(a)(12).
Frm 00138
Fmt 4703
We are
soliciting public comments to permit
the Department to:
SUPPLEMENTARY INFORMATION:
BILLING CODE 8011–01–P
11 15
VerDate Mar<15>2010
Electronic Comments
33375
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E:\FR\FM\11JNN1.SGM
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]]>Agencies
[Federal Register Volume 75, Number 112 (Friday, June 11, 2010)]
[Notices]
[Pages 33374-33375]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-14054]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-62227; File No. SR-CBOE-2010-050]
Self-Regulatory Organizations; Chicago Board Options Exchange,
Incorporated; Notice of Filing and Immediate Effectiveness of Proposed
Rule Change To Amend the Fees Schedule
June 4, 2010.
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 May 21, 2010, the Chicago Board Options Exchange, Incorporated
(``Exchange'' or ``CBOE'') filed with the Securities and Exchange
Commission (the ``Commission'') the proposed rule change as described
in Items I, II, and III below, which Items have been prepared by the
Exchange. The Exchange has designated this proposal as one establishing
or changing a due, fee, or other charge imposed by CBOE under Section
19(b)(3)(A)(ii) of the Act \3\ and Rule 19b-4(f)(2) thereunder.\4\ The
Commission is publishing this notice to solicit comments on the
proposed rule change from interested persons.
---------------------------------------------------------------------------
\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
\3\ 15 U.S.C. 78s(b)(3)(A)(ii).
\4\ 17 CFR 240.19b-4(f)(2).
---------------------------------------------------------------------------
I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change
The Exchange proposes to amend its Fees Schedule to establish fees
for transactions in all S&P 500 Dividend Index options, regardless of
the specified accrual period. The text of the proposed rule change is
available on the Exchange's Web site (https://www.cboe.org/Legal), on
the Commission's Web site at https://www.sec.gov, 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 self-regulatory organization
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 those statements may be examined at
the places specified in Item IV below. The Exchange has prepared
summaries, set forth in Sections A, B, and C below, of the most
significant parts of such statements.
A. Self-Regulatory Organization's Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule Change
1. Purpose
The Exchange previously received approval to list options on the
S&P 500 Dividend Index, which represents the accumulated ex-dividend
amounts of all S&P 500 Index component securities over a specified
accrual period (e.g., quarterly, semi-annually, annually), and recently
approval to list options on the S&P 500 Annual Dividend Index with an
applied scaling factor of 1.\5\ The Exchange currently lists S&P 500
Dividend Index (``DVS'') options with a specified quarterly accrual
period and will begin listing options on the S&P 500 Annual Dividend
Index on May 25, 2010.
---------------------------------------------------------------------------
\5\ See Securities Exchange Act Release Nos. 61136 (December 10,
2009), 74 FR 66711 (December 16, 2009) (SR-CBOE-2009-022) and 62023
(May 3, 2010), 75 FR 25899 (May 10, 2010) (SR-CBOE-2010-039).
---------------------------------------------------------------------------
The purposes [sic] of this filing is to amend the CBOE Fees
Schedule to extend the existing fees for transactions in DVS options to
all options on the S&P 500 Dividend Index, regardless of the specified
accrual period.\6\ Currently the established transaction fees for DVS
options are as follows:
---------------------------------------------------------------------------
\6\ See Securities Exchange Act Release No. 61295 (January 6,
2010), 75 FR 2166 (January 14, 2010) (SR-CBOE-2009-098) (filing
establishing transaction fees for DVS options).
---------------------------------------------------------------------------
$0.20 per contract for Market-Maker and Designated Primary
Market-Maker transactions;\7\
---------------------------------------------------------------------------
\7\ This is the standard rate that is subject to the Liquidity
Provider Sliding Scale as set forth in Footnote 10 to the Fees
Schedule.
---------------------------------------------------------------------------
$0.20 per contract for member firm proprietary
transactions;
$0.40 per contract for manually executed broker-dealer
transactions;
$0.40 per contract for electronically executed broker-
dealer transactions;
$0.40 per contract for voluntary professional
transactions;
$0.40 per contract for professional transactions;
$0.40 per contract for customer transactions; and
$0.10 per contract CFLEX surcharge fee.
The Exchange also assesses a $.10 per contract surcharge fee on all
non-public customer transactions in DVS options to help the Exchange
recoup license fees the Exchange pays to the reporting authority.
Further, the Exchange's Liquidity Provider Sliding Scale applies to
transaction fees in DVS options, but the Exchange's marketing fee \8\
does not apply.
---------------------------------------------------------------------------
\8\ See Footnote 6 of the Fees Schedule.
---------------------------------------------------------------------------
To affect the current proposal, the Exchange proposes to replace
all references to ``DVS'' in the CBOE Fees Schedule with a reference to
``S&P 500 Dividend Index.'' The transaction fees for options on the
``S&P 500 Dividend Index'' will apply to all options on the S&P 500
Dividend Index regardless of the specified accrual period (e.g.,
quarterly, semi-annually, annually).
The Exchange believes the rule change will further the Exchange's
goal of introducing new products to the marketplace that are
competitively priced.\9\ Also, the Exchange states that the surcharge
fee on all non-public customer transactions in options on the S&P 500
Dividend Index is to help the
[[Page 33375]]
Exchange recoup license fees the Exchange pays to Standard & Poor's
Financial Services LLC to list options on the S&P 500 Dividend Index.
---------------------------------------------------------------------------
\9\ Linkage order fees are inapplicable for options on CBOE's
proprietary products.
---------------------------------------------------------------------------
2. Statutory Basis
The proposed rule change is consistent with Section 6(b) of the
Act,\10\ in general, and furthers the objectives of Section 6(b)(4)
\11\ of the Act in particular, in that it is designed to provide for
the equitable allocation of reasonable dues, fees, and other charges
among CBOE members and other persons using its facilities. The Exchange
believes the fee changes proposed by this filing are equitable and
reasonable in that [sic] will further the Exchange's goal of
introducing new products to the marketplace that are competitively
priced and will help the Exchange recoup license fees that the Exchange
pays to the reporting authority.
---------------------------------------------------------------------------
\10\ 15 U.S.C. 78f(b).
\11\ 15 U.S.C. 78f(b)(4).
---------------------------------------------------------------------------
B. Self-Regulatory Organization's Statement on Burden on Competition
CBOE 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.
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 comments on the
proposal.
III. Date of Effectiveness of the Proposed Rule Change and Timing for
Commission Action
Because the foregoing proposed rule change establishes or changes a
due, fee, or other charge imposed by the Exchange, it has become
effective pursuant to Section 19(b)(3)(A) of the Act \12\ and
subparagraph (f)(2) of Rule 19b-4 \13\ thereunder. At any time within
60 days of the filing of the proposed rule change, the Commission may
summarily abrogate such rule change if it appears to the Commission
that such action is necessary or appropriate in the public interest,
for the protection of investors, or otherwise in furtherance of the
purposes of the Act.
---------------------------------------------------------------------------
\12\ 15 U.S.C. 78s(b)(3)(A).
\13\ 17 CFR 240.19b-4(f)(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 Comments
Use the Commission's Internet comment form (https://www.sec.gov/rules/sro.shtml); or
Send an e-mail to rule-comments@sec.gov. Please include
File Number SR-CBOE-2010-050 on the subject line.
Paper Comments
Send paper comments in triplicate to Elizabeth M. Murphy,
Secretary, Securities and Exchange Commission, 100 F Street, NE.,
Washington DC 20549-1090.
All submissions should refer to File Number SR-CBOE-2010-050. This file
number should be included on the subject line if e-mail is used. To
help the Commission process and review your comments more efficiently,
please use only one method. The Commission will post all comments on
the Commission's Internet Web site (https://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
a.m. and 3 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 No. SR-CBOE-2010-050 and should be
submitted on or before July 2, 2010.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\14\
---------------------------------------------------------------------------
\14\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------
Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010-14054 Filed 6-10-10; 8:45 am]
BILLING CODE 8011-01-P
