Self-Regulatory Organizations; Chicago Board Options Exchange, Incorporated; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Modify the Fee Schedule for the CBOE Stock Exchange, 61549-61550 [2010-24894]
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Federal Register / Vol. 75, No. 192 / Tuesday, October 5, 2010 / Notices
30-day operative delay 15 is consistent
with the protection of investors and the
public interest. Therefore, the
Commission designates the proposal
operative upon filing.
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,
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 rulecomments@sec.gov. Please include File
Number SR–Phlx–2010–126 on the
subject line.
mstockstill on DSKH9S0YB1PROD with NOTICES
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–Phlx–2010–126. 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 on official business
days between the hours of 10 a.m. and
15 For purposes only of waiving the 30-day
operative delay, the Commission has considered the
proposed rule’s impact on efficiency, competition,
and capital formation. See 15 U.S.C. 78c(f).
VerDate Mar<15>2010
18:36 Oct 04, 2010
Jkt 223001
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
Number SR–Phlx–2010–126 and should
be submitted on or before October 26,
2010.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.16
Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010–24896 Filed 10–4–10; 8:45 am]
BILLING CODE 8010–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–63000; File No. SR–CBOE–
2010–089]
Self-Regulatory Organizations;
Chicago Board Options Exchange,
Incorporated; Notice of Filing and
Immediate Effectiveness of a Proposed
Rule Change To Modify the Fee
Schedule for the CBOE Stock
Exchange
September 28, 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
September 22, 2010, the Chicago Board
Options Exchange, Incorporated (the
‘‘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
Commission is publishing this notice to
solicit comments on the proposed rule
change from interested persons.
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
The Exchange proposes to modify the
Fees Schedule for its CBOE Stock
Exchange (‘‘CBSX’’). The text of the
proposed rule change is available on the
Exchange’s Web site (https://
www.cboe.org/legal), at the Exchange’s
principal office, and at the
Commission’s Public Reference Room.
16 17
CFR 200.30–3(a)(12).
U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
1 15
PO 00000
Frm 00139
Fmt 4703
Sfmt 4703
61549
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 the
Statutory Basis for, the Proposed Rule
Change
1. Purpose
On August 23, 2010, the Commission
published an immediately effective rule
filing to modify the transaction fees for
24 securities currently traded on CBSX
(the following symbols: BAC, C, DXD,
EMC, EWJ, F, FAX, FAZ, GE, INTC,
MOT, MSFT, MU, NOK, Q, QID, S, SIRI,
SKF, T, TWM, UNG, UWM, XLF).3 On
September 9, 2010, the Commission
published an immediately effective rule
filing to modify the transaction fees for
51 more securities currently traded on
CBSX (the following symbols: AA,
AMAT, AMD, BGZ, BP, BSX, CMCSA,
COCO, CSCO, CX, DELL, DUK, EBAY,
EEM, EWT, FAS, FLEX, HBAN, IYR,
MDT, MGM, IYR, MDT, MGM, NLY,
NVDA, NWSA, ORCL, PFE, QCOM,
QQQQ, SBUX, SH, SLV, SMH, SSO,
SYMC, TBT, TSM, TXN, UCO, USO,
VALE, VWO, WFC, XHB, XLB, XLK,
XLP, XLU, XLV, XLY, XRX, YHOO).4
The Exchange now proposes to add 50
more securities to that list of securities
(the following symbols: ARNA, ATML,
BKC, BRCD, CIM, DOW, DRYS, EFA,
EWZ, FITB, FXI, GBG, GDX, GLD, GLW,
HPQ, IDIX, IWM, JPM, KEY, LVLT, LVS,
MFE, MO, MRVL, ONNN, PBR, PCBC,
QLD, RF, RFMD, RIMM, RRI, RSCR,
SDS, SNDK, SPLS, SPY, TEVA, TLT,
TNA, TZA, UYG, VXX, VZ, X, XLE, XLI,
XOM, XRT).
For those securities already approved
for the new transaction fees as well as
those that would be added by this
proposed rule change, assuming their
prices do not drop below $1, the takers
of liquidity will receive a $0.0014 per
share rebate, and makers of liquidity
3 See Securities Exchange Act Release No. 34–
62758 (August 23, 2010), 75 FR 166 (August 27,
2010) (SR–CBOE–2010–075).
4 See Securities Exchange Act Release No. 34–
62878 (September 9, 2010), 75 FR 179 (September
16, 2010) (SR–CBOE–2010–079).
E:\FR\FM\05OCN1.SGM
05OCN1
61550
Federal Register / Vol. 75, No. 192 / Tuesday, October 5, 2010 / Notices
will incur a $0.0018 charge. The new
pricing strategy is designed to incent
order routing behavior that selects CBSX
as the first destination. By offering
customers a significant rebate to
‘‘remove’’ liquidity, the Exchange will
offer overall economic benefits far above
those received at other markets.
The proposed rule change also moves
the list of securities subject to these
rates from the chart of rates into
footnotes, as the expanded list had
made the chart cumbersome. The
changes will take effect on October 1,
2010.
2. Statutory Basis
The proposed rule change is
consistent with Section 6(b) of the
Securities Exchange Act of 1934
(‘‘Act’’),5 in general, and furthers the
objectives of Section 6(b)(4) 6 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.
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
No written comments were solicited
or received with respect to the proposed
rule change.
mstockstill on DSKH9S0YB1PROD with NOTICES
III. Date of Effectiveness of the
Proposed Rule Change and Timing for
Commission Action
The proposed rule change is
designated by the Exchange as
establishing or changing a due, fee, or
other charge, thereby qualifying for
effectiveness on filing pursuant to
Section 19(b)(3)(A)(ii) 7 of the Act and
subparagraph (f)(2) of Rule 19b–4 8
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 necessary or appropriate in the
public interest, for the protection of
investors, or otherwise in furtherance of
the purposes of the Act.
5 15
U.S.C. 78f(b).
U.S.C. 78f(b)(4).
7 15 U.S.C. 78s(b)(3)(A)(ii).
8 17 CFR 240.19b–4(f)(2).
6 15
VerDate Mar<15>2010
18:36 Oct 04, 2010
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:
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.9
Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010–24894 Filed 10–4–10; 8:45 am]
BILLING CODE 8010–01–P
Electronic Comments
SOCIAL SECURITY ADMINISTRATION
• 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–2010–089 on the
subject line.
Agency Information Collection
Activities: Comment Request
The Social Security Administration
(SSA) publishes a list of information
collection packages requiring clearance
by the Office of Management and
Budget (OMB) in compliance with
Public Law (Pub. L.) 104–13, the
Paperwork Reduction Act of 1995,
Paper Comments
effective October 1, 1995. This notice
• Send paper comments in triplicate
includes revisions of OMB-approved
to Elizabeth M. Murphy, Secretary,
information collections.
Securities and Exchange Commission,
SSA is soliciting comments on the
accuracy of the agency’s burden
100 F Street, NE., Washington, DC
estimate; the need for the information;
20549–1090.
its practical utility; ways to enhance its
All submissions should refer to File
quality, utility, and clarity; and ways to
Number SR–CBOE–2010–089. This file
minimize burden on respondents,
number should be included on the
including the use of automated
subject line if e-mail is used. To help the collection techniques or other forms of
Commission process and review your
information technology. Mail, e-mail, or
comments more efficiently, please use
fax your comments and
only one method. The Commission will recommendations on the information
post all comments on the Commission’s collection(s) to the OMB Desk Officer
Internet Web site (https://www.sec.gov/
and SSA Reports Clearance Officer to
rules/sro.shtml). Copies of the
the following addresses or fax numbers.
submission, all subsequent
(OMB), Office of Management and
amendments, all written statements
Budget, Attn: Desk Officer for SSA,
with respect to the proposed rule
Fax: 202–395–6974, E-mail address:
OIRA_Submission@omb.eop.gov.
change that are filed with the
(SSA), Social Security Administration,
Commission, and all written
DCBFM, Attn: Reports Clearance
communications relating to the
Officer, 1333 Annex Building, 6401
proposed rule change between the
Security Blvd., Baltimore, MD 21235,
Commission and any person, other than
Fax: 410–965–6400, E-mail address:
those that may be withheld from the
OPLM.RCO@ssa.gov.
public in accordance with the
SSA has submitted the information
provisions of 5 U.S.C. 552, will be
collections listed below to OMB for
available for website viewing and
clearance. Your comments on the
printing in the Commission’s Public
information collections would be most
Reference Room, 100 F Street, NE,
useful if OMB and SSA receive them
Washington, DC 20549, on official
within 30 days from the date of this
business days between the hours of 10
publication. To be sure we consider
a.m. and 3 p.m. Copies of such filing
your comments, we must receive them
also will be available for inspection and
no later than November 4, 2010. You
copying at the principal office of the
can obtain a copy of the OMB clearance
CBOE. All comments received will be
packages by calling the SSA Reports
posted without change; the Commission Clearance Officer at 410–965–8783 or by
does not edit personal identifying
writing to the above e-mail address.
information from submissions. You
1. Request for Corrections of Earnings
should submit only information that
Record—20 CFR 404.820 and 20 CFR
you wish to make available publicly. All 422.125—0960–0029. Individuals
submissions should refer to File
alleging inaccurate earnings records that
Number SR–CBOE–2010–089 and
SSA maintains for them use Form SSA–
7008 to provide the information SSA
should be submitted on or before
October 26, 2010.
9 17
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PO 00000
Frm 00140
Fmt 4703
Sfmt 4703
E:\FR\FM\05OCN1.SGM
CFR 200.30–3(a)(12).
05OCN1
Agencies
[Federal Register Volume 75, Number 192 (Tuesday, October 5, 2010)]
[Notices]
[Pages 61549-61550]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-24894]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-63000; File No. SR-CBOE-2010-089]
Self-Regulatory Organizations; Chicago Board Options Exchange,
Incorporated; Notice of Filing and Immediate Effectiveness of a
Proposed Rule Change To Modify the Fee Schedule for the CBOE Stock
Exchange
September 28, 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 September 22, 2010, the Chicago Board Options Exchange,
Incorporated (the ``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 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
The Exchange proposes to modify the Fees Schedule for its CBOE
Stock Exchange (``CBSX''). The text of the proposed rule change is
available on the Exchange's Web site (https://www.cboe.org/legal), at
the Exchange's principal office, 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 the
Statutory Basis for, the Proposed Rule Change
1. Purpose
On August 23, 2010, the Commission published an immediately
effective rule filing to modify the transaction fees for 24 securities
currently traded on CBSX (the following symbols: BAC, C, DXD, EMC, EWJ,
F, FAX, FAZ, GE, INTC, MOT, MSFT, MU, NOK, Q, QID, S, SIRI, SKF, T,
TWM, UNG, UWM, XLF).\3\ On September 9, 2010, the Commission published
an immediately effective rule filing to modify the transaction fees for
51 more securities currently traded on CBSX (the following symbols: AA,
AMAT, AMD, BGZ, BP, BSX, CMCSA, COCO, CSCO, CX, DELL, DUK, EBAY, EEM,
EWT, FAS, FLEX, HBAN, IYR, MDT, MGM, IYR, MDT, MGM, NLY, NVDA, NWSA,
ORCL, PFE, QCOM, QQQQ, SBUX, SH, SLV, SMH, SSO, SYMC, TBT, TSM, TXN,
UCO, USO, VALE, VWO, WFC, XHB, XLB, XLK, XLP, XLU, XLV, XLY, XRX,
YHOO).\4\ The Exchange now proposes to add 50 more securities to that
list of securities (the following symbols: ARNA, ATML, BKC, BRCD, CIM,
DOW, DRYS, EFA, EWZ, FITB, FXI, GBG, GDX, GLD, GLW, HPQ, IDIX, IWM,
JPM, KEY, LVLT, LVS, MFE, MO, MRVL, ONNN, PBR, PCBC, QLD, RF, RFMD,
RIMM, RRI, RSCR, SDS, SNDK, SPLS, SPY, TEVA, TLT, TNA, TZA, UYG, VXX,
VZ, X, XLE, XLI, XOM, XRT).
---------------------------------------------------------------------------
\3\ See Securities Exchange Act Release No. 34-62758 (August 23,
2010), 75 FR 166 (August 27, 2010) (SR-CBOE-2010-075).
\4\ See Securities Exchange Act Release No. 34-62878 (September
9, 2010), 75 FR 179 (September 16, 2010) (SR-CBOE-2010-079).
---------------------------------------------------------------------------
For those securities already approved for the new transaction fees
as well as those that would be added by this proposed rule change,
assuming their prices do not drop below $1, the takers of liquidity
will receive a $0.0014 per share rebate, and makers of liquidity
[[Page 61550]]
will incur a $0.0018 charge. The new pricing strategy is designed to
incent order routing behavior that selects CBSX as the first
destination. By offering customers a significant rebate to ``remove''
liquidity, the Exchange will offer overall economic benefits far above
those received at other markets.
The proposed rule change also moves the list of securities subject
to these rates from the chart of rates into footnotes, as the expanded
list had made the chart cumbersome. The changes will take effect on
October 1, 2010.
2. Statutory Basis
The proposed rule change is consistent with Section 6(b) of the
Securities Exchange Act of 1934 (``Act''),\5\ in general, and furthers
the objectives of Section 6(b)(4) \6\ 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.
B. Self-Regulatory Organization's Statement on Burden on Competition
---------------------------------------------------------------------------
\5\ 15 U.S.C. 78f(b).
\6\ 15 U.S.C. 78f(b)(4).
---------------------------------------------------------------------------
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
No written comments were solicited or received with respect to the
proposed rule change.
III. Date of Effectiveness of the Proposed Rule Change and Timing for
Commission Action
The proposed rule change is designated by the Exchange as
establishing or changing a due, fee, or other charge, thereby
qualifying for effectiveness on filing pursuant to Section
19(b)(3)(A)(ii) \7\ of the Act and subparagraph (f)(2) of Rule 19b-4
\8\ thereunder.
---------------------------------------------------------------------------
\7\ 15 U.S.C. 78s(b)(3)(A)(ii).
\8\ 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 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. 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-2010-089 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-2010-089. 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 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
a.m. and 3 p.m. Copies of such filing also will be available for
inspection and copying at the principal office of the CBOE. 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-CBOE-2010-089 and should be
submitted on or before October 26, 2010.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\9\
---------------------------------------------------------------------------
\9\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------
Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010-24894 Filed 10-4-10; 8:45 am]
BILLING CODE 8010-01-P