Self-Regulatory Organizations; C2 Options Exchange, Incorporated; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the C2 Fees Schedule and C2 Rule 3.1, 2735-2737 [2011-680]
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Federal Register / Vol. 76, No. 10 / Friday, January 14, 2011 / Notices
(i) One Under Pricing for Certain
Orders Executed at NYSE
The Exchange has previously
provided a discounted price fee for
Destination Specific Orders routed to
certain of the largest market centers
measured by volume (NYSE, NYSE Arca
and NASDAQ), which, in each instance
has been $0.0001 less per share for
orders routed to such market centers by
the Exchange than such market centers
currently charge for removing liquidity
(referred to by the Exchange as ‘‘One
Under’’ pricing). Based on changes in
pricing at NYSE, BATS is proposing to
increase its fee for a Destination Specific
Orders executed at NYSE to align its
fees so that the fee remains $0.0001 less
per share for orders routed to NYSE.
Specifically, the Exchange proposes to
increase the fee charged for BATS +
NYSE Destination Specific Orders
executed at NYSE from $0.0020 per
share to $0.0022 per share. In addition,
the Exchange offers a variety of routing
strategies, including ‘‘SLIM’’ and
‘‘TRIM,’’ each of which has a specific fee
for an execution that occurs at NYSE.
(ii) Elimination of Dark Scan
The Exchange has discontinued
functionality that allowed a User to
send an order that routes to certain dark
liquidity venues prior to exposing the
order to the Exchange’s order book
(referred to by the Exchange as a ‘‘Dark
Scan’’ order). Accordingly, the Exchange
proposes to remove reference to Dark
Scan orders from its fee schedule.
mstockstill on DSKH9S0YB1PROD with NOTICES
2. Statutory Basis
The Exchange believes that the
proposed rule change is consistent with
the requirements of the Act and the
rules and regulations thereunder that
are applicable to a national securities
exchange, and, in particular, with the
requirements of Section 6 of the Act.6
Specifically, the Exchange believes that
the proposed rule change is consistent
with Section 6(b)(4) of the Act,7 in that
it provides for the equitable allocation
of reasonable dues, fees and other
charges among members and other
persons using any facility or system
which the Exchange operates or
controls. The Exchange notes that it
operates in a highly competitive market
in which market participants can
readily direct order flow to competing
venues if they deem fee levels at a
particular venue to be excessive. The
Exchange believes that its fees and
credits are competitive with those
charged by other venues. Finally, the
Exchange believes that the proposed
rates are equitable in that they apply
uniformly to all Members.
B. Self-Regulatory Organization’s
Statement on Burden on Competition
The Exchange does not believe that
the proposed rule change imposes any
burden on competition.
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.
III. Date of Effectiveness of the
Proposed Rule Change and Timing for
Commission Action
Pursuant to Section 19(b)(3)(A)(ii) of
the Act 8 and Rule 19b–4(f)(2)
thereunder,9 the Exchange has
designated this proposal as establishing
or changing a due, fee, or other charge
applicable to its members, which
renders the proposed rule change
effective 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–BATS–2011–001 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–BATS–2011–001. 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
will also 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–BATS–
2011–001 and should be submitted on
or before February 4, 2011 in the
Federal Register.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.10
Elizabeth M. Murphy,
Secretary.
[FR Doc. 2011–665 Filed 1–13–11; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–63680; File No. SR–C2–
2011–002]
Self-Regulatory Organizations; C2
Options Exchange, Incorporated;
Notice of Filing and Immediate
Effectiveness of a Proposed Rule
Change To Amend the C2 Fees
Schedule and C2 Rule 3.1
January 7, 2011.
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 January 3,
2011, C2 Options Exchange,
Incorporated (the ‘‘Exchange’’ or ‘‘C2’’)
filed with the Securities and Exchange
Commission (the ‘‘Commission’’) the
10 17
6 15
U.S.C. 78f.
7 15 U.S.C. 78f(b)(4).
VerDate Mar<15>2010
17:03 Jan 13, 2011
8 15
U.S.C. 78s(b)(3)(A)(ii).
9 17 CFR 240.19b–4(f)(2).
Jkt 223001
PO 00000
Frm 00091
Fmt 4703
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2735
CFR 200.30–3(a)(12).
U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
1 15
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14JAN1
2736
Federal Register / Vol. 76, No. 10 / Friday, January 14, 2011 / Notices
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.
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
C2 proposes to amend proposes [sic]
to [sic] amend [sic] its Fees Schedule
and C2 Rule 3.1(e) regarding the
assessment of Trading Permit fees and
bandwidth packet fees. The text of the
proposed rule change is available on the
Exchange’s Web site (https://
www.c2exchange.com/Legal/), at the
Exchange’s Office of the Secretary, and
at the Commission.
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
mstockstill on DSKH9S0YB1PROD with NOTICES
1. Purpose
C2 proposes to amend its Rules and
Fees Schedule to assess access fees and
bandwidth packet fees during the first
week of the following month rather than
the first day of the effective month.
Specifically, C2 proposes to incorporate
language regarding the manner in which
these fees will be assessed into its Fees
Schedule and to amend C2 Rule 3.1(e)
to provide that that [sic] the entire fee
for a Trading Permit shall be due and
payable in accordance with the
Exchange Fee Schedule in place of the
current language of the Rule under
which fees for a Trading Permit shall be
due and payable in full on or before the
first day on which the Trading Permit is
effective. The proposed assessment of
the referenced fees is identical to the
process in place at the Chicago Board
Options Exchange, Incorporated
(‘‘CBOE’’). C2 also proposes to make a
technical change to the Section 3 of the
C2 Fees Schedule to remove language
VerDate Mar<15>2010
17:03 Jan 13, 2011
Jkt 223001
referencing that access fees would not
be assessed for October 2010.
C2 imposes access fees for the two
types of Trading Permits available for
use on C2, the Market-Maker Permit and
the Electronic Access Permit. C2 is
proposing to add language to the Fees
Schedule to describe the assessment of
the access fees and modify the way in
which access fees are currently
assessed. Specifically, C2 is proposing
to include language reflecting that
access fees are non-refundable and will
be assessed through the integrated
billing system during the first week of
the following month.3 If a Trading
Permit is issued during a calendar
month after the first trading day of the
month, the access fee for the Trading
Permit for that calendar month is
prorated based on the remaining trading
days in the calendar month. Trading
Permits will be renewed automatically
for the next month unless the Trading
Permit Holder submits by the 25th day
of the prior month (or the preceding
business day if the 25th is not a
business day) a written notification4 to
cancel the Trading Permit effective at or
prior to the end of the applicable
month.5
C2 offers two kinds of bandwidth
packets for use to supplement the
standard bandwidth allocation provided
with each access permit, the Quoting
and Order Entry Bandwidth Packet and
the Order Entry Bandwidth Packet.
Similar to the access fees, C2 currently
assesses fees for supplemental
bandwidth packets on the first day of
each month. C2 is proposing to add
language to the Fees Schedule to
describe the assessment of bandwidth
packet fees and modify the way in
which the bandwidth packet fees are
assessed. Specifically, C2 is proposing
to include language reflecting that
bandwidth packet fees are nonrefundable and will be assessed through
the integrated billing system during the
first week of the following month. If a
bandwidth packet is issued during a
calendar month after the first trading
day of the month, the bandwidth packet
fee for that calendar month is prorated
3 Thus, Trading Permit Fees for access during
January 2011 will be assessed through the
integrated billing system during the first week of
February 2011.
4 Written notification may be submitted to the
Registration Services Department by e-mail to
tradingpermits@cboe.com or by other means of
written notification, including, but not limited to,
a hand-delivered letter or facsimile to the
Registration Services Department.
5 Thus, if a Trading Permit Holder has a Trading
Permit in January 2011, notice must be provided by
January 25, 2011 if the Trading Permit Holder
would like to terminate the Trading Permit by the
end of January 2011 and not be assessed the
applicable Trading Permit Fee for February 2011.
PO 00000
Frm 00092
Fmt 4703
Sfmt 4703
based on the remaining trading days in
the calendar month. Bandwidth packets
will be renewed automatically for the
next month unless the Trading Permit
Holder submits by the last business day
of the prior month written notification
to cancel the bandwidth packet effective
at or prior to the end of the applicable
month.
2. Statutory Basis
The proposed rule change is
consistent with Section 6(b) of the
Securities Exchange Act of 1934
(‘‘Act’’),6 in general, and furthers the
objectives of Section 6(b)(4) 7 of the Act
in particular, in that by increasing the
efficiency of the billing process and
putting in place a process that is
consistent with the process in place at
CBOE and that is familiar to common
trading permit holders, it is designed to
provide for the equitable allocation of
reasonable dues, fees, and other charges
among C2 Trading Permit Holders and
other persons using Exchange facilities.
B.Self-Regulatory Organization’s
Statement on Burden on Competition
C2 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) 8 of the Act and
subparagraph (f)(2) of Rule 19b–4 9
thereunder. At any time within 60 days
of the filing of such 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.
6 15
U.S.C. 78f(b).
U.S.C. 78f(b)(4).
8 15 U.S.C. 78s(b)(3)(A)(ii).
9 17 CFR 240.19b–4(f)(2).
7 15
E:\FR\FM\14JAN1.SGM
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Federal Register / Vol. 76, No. 10 / Friday, January 14, 2011 / Notices
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:
[FR Doc. 2011–680 Filed 1–13–11; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
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–C2–2011–002 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.
mstockstill on DSKH9S0YB1PROD with NOTICES
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.10
Elizabeth M. Murphy,
Secretary.
[Release No. 34–63668; File No. SR–NSCC–
2010–09]
Self-Regulatory Organizations;
National Securities Clearing
Corporation; Order Approving
Proposed Rule Change Regarding the
Creation of a Universal Trade Capture
Application and Automated Special
Representative Facility
January 6, 2011.
I. Introduction
On August 30, 2010, the National
Securities Clearing Corporation
(‘‘NSCC’’) filed proposed rule change
All submissions should refer to File
SR–NSCC–2010–09 with the Securities
Number SR–C2–2011–002. This file
and Exchange Commission
number should be included on the
subject line if e-mail is used. To help the (‘‘Commission’’) pursuant to Section
19(b)(1) of the Securities Exchange Act
Commission process and review your
of 1934 (‘‘Act’’) 1 and Rule 19b–4
comments more efficiently, please use
thereunder.2 On September 9, 2010,
only one method. The Commission will
NSCC filed an amendment to the
post all comments on the Commission’s proposed rule change. The proposed
Internet Web site (https://www.sec.gov/
rule change modifies NSCC’s rules and
rules/sro.shtml). Copies of the
procedures to create a new Universal
submission, all subsequent
Trade Capture (‘‘UTC’’) application and
amendments, all written statements
an automated Special Representative
with respect to the proposed rule
facility. The proposed rule change was
change that are filed with the
published for comment in the Federal
Commission, and all written
Register on September 20, 2010.3 No
communications relating to the
comment letters were received. This
proposed rule change between the
order approves the proposed rule
Commission and any person, other than change.
those that may be withheld from the
II. Description of the Proposal
public in accordance with the
A. Uniform Trade Capture
provisions of 5 U.S.C. 552, will be
available for Web site viewing and
Pursuant to the proposed rule change,
printing in the Commission’s Public
NSCC is replacing its trade capture
Reference Room, 100 F Street, NE.,
applications, such as the Trade
Washington, DC 20549, on official
Comparison and Recording Operation,
business days between the hours of 10
with the new UTC application that is
a.m. and 3 p.m. Copies of the filing also designed to standardize, streamline,
consolidate, and modernize NSCC’s
will be available for inspection and
system for capturing securities
copying at the principal office of the
transaction information for clearance
Exchange. All comments received will
and settlement at NSCC.
be posted without change; the
The UTC application will accept and
Commission does not edit personal
process a common input record from all
identifying information from
securities marketplaces. It will receive
submissions. You should submit only
and report data from members and selfinformation that you wish to make
available publicly. All submissions
10 17 CFR 200.30–3(a)(12).
should refer to File Number SR–C2–
1 15 U.S.C. 78s(b)(1).
2011–002 and should be submitted on
2 17 CFR 240.19b–4.
3 Securities Exchange Act Release No. 62822
or before February 4, 2011.
(Sept. 20, 2010), 75 FR 57318.
VerDate Mar<15>2010
17:03 Jan 13, 2011
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PO 00000
Frm 00093
Fmt 4703
Sfmt 4703
2737
regulatory organizations (‘‘SROs’’) in
both real-time and intraday batch
submissions to and. NSCC will convert
the existing input format to the new
UTC input record format, which will
enable the UTC to provide members and
SROs with their trade output in the
format of their choice (new or old). UTC
will also replace all current locked-in
over-the-counter (‘‘OTC’’) and listed
trade capture applications with one
central, real-time validation and
reporting process and will have the
capability to accept, reject, validate,
process, and send contract output to
members in real-time. Members will
only have to support one standardized
input and output format.
B. Correspondent Clearing Service
Prior to this rule change, NSCC’s rules
provided that its Correspondent
Clearing Service could only be used to:
(a) Accommodate a member with
multiple affiliate accounts that wishes
to move a position resulting from an
‘‘original trade’’ in the process of
clearance from one affiliate account to
another or (b) accommodate a member
that relies on its Special Representative
to execute a trade in a market that the
member is precluded due to
membership requirements (e.g.,
membership requirement for access to
markets) or applicable regulation in
order to enable the resulting position to
be moved from the Special
Representative to that member.
Under this rule change, NSCC will
provide that the Correspondent Clearing
Service may be utilized by members to
accommodate a member that relies on
its Special Representative to execute a
trade in any market regardless of
whether that member maintains direct
access to that market to enable the
resulting position to be moved from the
Special Representative to that member.
C. Creation of an Automated Special
Representative Facility
To assist members control and
monitor their Special Representative
and Qualified Special Representative
relationships, NSCC is creating an
automated, online, secure facility by
which members themselves may
establish, monitor, and maintain these
relationships. Both the Special
Representative Member and the
Correspondent Member will have to
submit matching instructions within the
facility in order for the relationship to
be established. Either party will be able
to submit an entry to retire the
relationship.
Members will be reminded, through
formatting within the facility, of their
existing and unchanged obligations
E:\FR\FM\14JAN1.SGM
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]]>Agencies
[Federal Register Volume 76, Number 10 (Friday, January 14, 2011)]
[Notices]
[Pages 2735-2737]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-680]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-63680; File No. SR-C2-2011-002]
Self-Regulatory Organizations; C2 Options Exchange, Incorporated;
Notice of Filing and Immediate Effectiveness of a Proposed Rule Change
To Amend the C2 Fees Schedule and C2 Rule 3.1
January 7, 2011.
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 January 3, 2011, C2 Options Exchange, Incorporated (the
``Exchange'' or ``C2'') filed with the Securities and Exchange
Commission (the ``Commission'') the
[[Page 2736]]
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
C2 proposes to amend proposes [sic] to [sic] amend [sic] its Fees
Schedule and C2 Rule 3.1(e) regarding the assessment of Trading Permit
fees and bandwidth packet fees. The text of the proposed rule change is
available on the Exchange's Web site (https://www.c2exchange.com/Legal/
), at the Exchange's Office of the Secretary, and at the Commission.
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
C2 proposes to amend its Rules and Fees Schedule to assess access
fees and bandwidth packet fees during the first week of the following
month rather than the first day of the effective month. Specifically,
C2 proposes to incorporate language regarding the manner in which these
fees will be assessed into its Fees Schedule and to amend C2 Rule
3.1(e) to provide that that [sic] the entire fee for a Trading Permit
shall be due and payable in accordance with the Exchange Fee Schedule
in place of the current language of the Rule under which fees for a
Trading Permit shall be due and payable in full on or before the first
day on which the Trading Permit is effective. The proposed assessment
of the referenced fees is identical to the process in place at the
Chicago Board Options Exchange, Incorporated (``CBOE''). C2 also
proposes to make a technical change to the Section 3 of the C2 Fees
Schedule to remove language referencing that access fees would not be
assessed for October 2010.
C2 imposes access fees for the two types of Trading Permits
available for use on C2, the Market-Maker Permit and the Electronic
Access Permit. C2 is proposing to add language to the Fees Schedule to
describe the assessment of the access fees and modify the way in which
access fees are currently assessed. Specifically, C2 is proposing to
include language reflecting that access fees are non-refundable and
will be assessed through the integrated billing system during the first
week of the following month.\3\ If a Trading Permit is issued during a
calendar month after the first trading day of the month, the access fee
for the Trading Permit for that calendar month is prorated based on the
remaining trading days in the calendar month. Trading Permits will be
renewed automatically for the next month unless the Trading Permit
Holder submits by the 25th day of the prior month (or the preceding
business day if the 25th is not a business day) a written
notification\4\ to cancel the Trading Permit effective at or prior to
the end of the applicable month.\5\
---------------------------------------------------------------------------
\3\ Thus, Trading Permit Fees for access during January 2011
will be assessed through the integrated billing system during the
first week of February 2011.
\4\ Written notification may be submitted to the Registration
Services Department by e-mail to tradingpermits@cboe.com or by other
means of written notification, including, but not limited to, a
hand-delivered letter or facsimile to the Registration Services
Department.
\5\ Thus, if a Trading Permit Holder has a Trading Permit in
January 2011, notice must be provided by January 25, 2011 if the
Trading Permit Holder would like to terminate the Trading Permit by
the end of January 2011 and not be assessed the applicable Trading
Permit Fee for February 2011.
---------------------------------------------------------------------------
C2 offers two kinds of bandwidth packets for use to supplement the
standard bandwidth allocation provided with each access permit, the
Quoting and Order Entry Bandwidth Packet and the Order Entry Bandwidth
Packet. Similar to the access fees, C2 currently assesses fees for
supplemental bandwidth packets on the first day of each month. C2 is
proposing to add language to the Fees Schedule to describe the
assessment of bandwidth packet fees and modify the way in which the
bandwidth packet fees are assessed. Specifically, C2 is proposing to
include language reflecting that bandwidth packet fees are non-
refundable and will be assessed through the integrated billing system
during the first week of the following month. If a bandwidth packet is
issued during a calendar month after the first trading day of the
month, the bandwidth packet fee for that calendar month is prorated
based on the remaining trading days in the calendar month. Bandwidth
packets will be renewed automatically for the next month unless the
Trading Permit Holder submits by the last business day of the prior
month written notification to cancel the bandwidth packet effective at
or prior to the end of the applicable month.
2. Statutory Basis
The proposed rule change is consistent with Section 6(b) of the
Securities Exchange Act of 1934 (``Act''),\6\ in general, and furthers
the objectives of Section 6(b)(4) \7\ of the Act in particular, in that
by increasing the efficiency of the billing process and putting in
place a process that is consistent with the process in place at CBOE
and that is familiar to common trading permit holders, it is designed
to provide for the equitable allocation of reasonable dues, fees, and
other charges among C2 Trading Permit Holders and other persons using
Exchange facilities.
---------------------------------------------------------------------------
\6\ 15 U.S.C. 78f(b).
\7\ 15 U.S.C. 78f(b)(4).
---------------------------------------------------------------------------
B.Self-Regulatory Organization's Statement on Burden on Competition
C2 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) \8\ of the Act and subparagraph (f)(2) of Rule 19b-4
\9\ thereunder. At any time within 60 days of the filing of such
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.
---------------------------------------------------------------------------
\8\ 15 U.S.C. 78s(b)(3)(A)(ii).
\9\ 17 CFR 240.19b-4(f)(2).
---------------------------------------------------------------------------
[[Page 2737]]
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-C2-2011-002 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-C2-2011-002. 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 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; 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-C2-2011-002 and should be
submitted on or before February 4, 2011.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\10\
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\10\ 17 CFR 200.30-3(a)(12).
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Elizabeth M. Murphy,
Secretary.
[FR Doc. 2011-680 Filed 1-13-11; 8:45 am]
BILLING CODE 8011-01-P
