Self-Regulatory Organizations; International Securities Exchange, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Relating to Fees and Rebates for Adding and Removing Liquidity, 21934-21935 [2011-9438]

Download as PDF 21934 Federal Register / Vol. 76, No. 75 / Tuesday, April 19, 2011 / Notices post all comments on the Commission’s Internet Web site (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 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–NYSE– 2011–14 and should be submitted on or before May 10, 2011 For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.10 Cathy H. Ahn, Deputy Secretary. BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–64296; File No. SR– ISE2011–20] Self-Regulatory Organizations; International Securities Exchange, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Relating to Fees and Rebates for Adding and Removing Liquidity mstockstill on DSKH9S0YB1PROD with NOTICES April 13, 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 April 8, 2011, the International Securities Exchange, LLC (the ‘‘Exchange’’ or the ‘‘ISE’’) filed with the Securities and Exchange Commission the proposed rule change, as described in Items I, II, and III below, which items have been prepared by the self-regulatory 10 17 CFR 200.30–3(a)(12). U.S.C. 78s(b)(1). 2 17 CFR 240.19b–4. The ISE is proposing to amend its transaction fees and rebates for adding and removing liquidity. The text of the proposed rule change is available on the Exchange’s Web site (http:// www.ise.com’’), at the principal office of the Exchange, and at the Commission’s Public Reference Room. II. Self-Regulatory Organization’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change In its filing with the Commission, the 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 these statements may be examined at the places specified in Item IV below. The self-regulatory organization has prepared summaries, set forth in sections A, B and C below, of the most significant aspects of such statements. The Exchange believes that its proposal to amend its Schedule of Fees is consistent with Section 6(b) of the Act 4 in general, and furthers the objectives of Section 6(b)(4) of the Act 5 in particular, in that it is an equitable allocation of reasonable dues, fees and other charges among Exchange members and other persons using its facilities. The Exchange believes that updating its Schedule of Fees to amend the ‘‘QQQQ’’ symbol to ‘‘QQQ’’ will provide its members clarity as to which symbols are subject to the Exchange’s maker/taker fees. The Exchange further believes that this proposed rule change is both equitable and reasonable because the amendments would uniformly apply to all categories of market participants. The Exchange further believes that the proposed removal of MOT from the list of Select Symbols is both equitable and reasonable because the amendment would uniformly apply to all categories of participants. B. Self-Regulatory Organization’s Statement on Burden on Competition The proposed rule change does not impose any burden on competition that is not necessary or appropriate in furtherance of the purposes of the Act. A. Self-Regulatory Organization’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change C. Self-Regulatory Organization’s Statement on Comments on the Proposed Rule Change Received From Members, Participants or Others The Exchange has not solicited, and does not intend to solicit, comments on this proposed rule change. The Exchange has not received any unsolicited written comments from members or other interested parties. The Exchange currently assesses a per contract transaction charge to market participants that add or remove liquidity from the Exchange (‘‘maker/ taker fees’’) in 100 options classes (the ‘‘Select Symbols’’).3 The purpose of this proposed rule change is to amend the list of Select Symbols on the Exchange’s Schedule of Fees, titled ‘‘Rebates and Fees for Adding and Removing Liquidity in Select Symbols.’’ Specifically, the Exchange proposes to change the symbol from ‘‘QQQQ’’ to ‘‘QQQ’’ to reflect the recent change in that exchange-traded fund’s ticker symbol. ‘‘QQQQ’’ would continue to be subject to the Fees and Rebates for Adding and Removing Liquidity on the Exchange’s Schedule of Fees. Additionally, the Exchange proposes to remove Motorala, Inc. (‘‘MOT’’) from the list of Select Symbols on the Exchange’s Schedule of Fees due to a recent corporate action. As a result, MOT is no longer a valid symbol. 3 Options classes subject to maker/taker fees are identified by their ticker symbol on the Exchange’s Schedule of Fees. 1 15 16:19 Apr 18, 2011 I. Self-Regulatory Organization’s Statement of the Terms of Substance of the Proposed Rule Change 2. Statutory Basis 1. Purpose [FR Doc. 2011–9432 Filed 4–18–11; 8:45 am] VerDate Mar<15>2010 organization. The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons. Jkt 223001 PO 00000 Frm 00081 Fmt 4703 Sfmt 4703 III. Date of Effectiveness of the Proposed Rule Change and Timing for Commission Action The foregoing rule change has become effective pursuant to Section 19(b)(3)(A)(ii) of the Act.6 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. If the Commission takes such action, the Commission shall institute proceedings to determine whether the proposed rule should be approved or disapproved. 4 15 U.S.C. 78f(b). U.S.C. 78f(b)(4). 6 15 U.S.C. 78s(b)(3)(A)(ii). 5 15 E:\FR\FM\19APN1.SGM 19APN1 Federal Register / Vol. 76, No. 75 / Tuesday, April 19, 2011 / Notices 21935 SMALL BUSINESS ADMINISTRATION SMALL BUSINESS ADMINISTRATION 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: mstockstill on DSKH9S0YB1PROD with NOTICES IV. Solicitation of Comments Data Collection Available for Public Comments and Recommendations [Disaster Declaration #12503 and #12504] Notice and request for comments. AGENCY: ACTION: In accordance with the Paperwork Reduction Act of 1995, this Electronic Comments notice announces the Small Business Administration’s intentions to request • Use the Commission’s Internet approval on a new and/or currently comment form http://www.sec.gov/ approved information collection. rules/sro.shtml or DATES: Submit comments on or before • Send an E-mail to ruleJune 20, 2011. comments@sec.gov. Please include File No. SR-ISE–2011–20 on the subject line. ADDRESSES: Send all comments regarding whether this information Paper Comments collection is necessary for the proper • Send paper comments in triplicate performance of the function of the to Elizabeth Murphy, Secretary, agency, whether the burden estimates Securities and Exchange Commission, are accurate, and if there are ways to 100 F Street, NE., Washington, DC minimize the estimated burden and 20549–1090. enhance the quality of the collection, to Joan Elliston, Program Analyst, Office of All submissions should refer to File Business Development, Small Business Number SR–ISE–2011–20. This file Administration, 409 3rd Street, 8th number should be included on the subject line if e-mail is used. To help the Floor, Washington, DC 20416. FOR FURTHER INFORMATION CONTACT: Joan Commission process and review your Elliston, Program Analyst, Office of comments more efficiently, please use only one method. The Commission will Business Development 202–205–7190, joan.elliston@sba.gov. Curtis B. Rich, post all comments on the Commissions Management Analyst, 202–205–7030, Internet Web site (http://www.sec.gov/ curtis.rich@sba.gov. rules/sro.shtml). Copies of the submission, all subsequent SUPPLEMENTARY INFORMATION: The amendments, all written statements respondents are 8(a) Business with respect to the proposed rule Development (BD) program participants. change that are filed with the Under 15 U.S.C. 637(a)(20)(A), Commission, and all written representatives from small business communications relating to the concerns participating in the 8(a) BD proposed rule change between the program are required to report the Commission and any person, other than following to their assigned Business those that may be withheld from the Development Specialist semiannually: public in accordance with the A listing of any agents, representatives, provisions of 5 U.S.C. 552, will be attorneys, accountants, consultants, and available for Web site viewing and other parties (other than employees) printing in the Commission’s Public receiving compensation to assist in Reference Room. Copies of such filing obtaining a Federal contract for such also will be available for inspection and Program Participant. (ii) The amount of copying at the principal office of the compensation received by any person ISE. All comments received will be listed under clause (i) during the posted without change; the Commission relevant reporting period and a does not edit personal identifying description of the activities performed information from submissions. You in return for such compensation. should submit only information that Title: ‘‘Representatives Used and you wish to make available publicly. All Compensation Paid for Services in submissions should refer to File Connection with Obtaining Federal Number SR-ISE–2011–20 and should be Contracts ’’. submitted by May 10, 2011. Description of Respondents: Representatives of 8(a) Business For the Commission, by the Division of Development program firms. Trading and Markets, pursuant to delegated Form Number: 1790. authority.7 Annual Responses: 14,280. Cathy H. Ahn, Annual Burden: 3,570. Deputy Secretary. [FR Doc. 2011–9438 Filed 4–18–11; 8:45 am] BILLING CODE 8011–01–P SUMMARY: Jacqueline White, Chief, Administrative Information Branch. [FR Doc. 2011–9443 Filed 4–18–11; 8:45 am] 7 17 CFR 200.30–3(a)(12). VerDate Mar<15>2010 16:19 Apr 18, 2011 BILLING CODE 8025–01–P Jkt 223001 PO 00000 Frm 00082 Fmt 4703 Sfmt 4703 Hawaii Disaster #HI–00022 U.S. Small Business Administration. ACTION: Amendment 1. This is an amendment to the Administrative declaration of a disaster for the State of Hawaii dated 03/29/ 2011. Incident: Honshu Tsunami. Incident Period: 03/11/2011. Effective Date: 04/11/2011. Physical Loan Application Deadline Date: 05/31/2011. Economic Injury (EIDL) Loan Application Deadline Date: 12/29/2011. ADDRESSES: Submit completed loan applications to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155. FOR FURTHER INFORMATION CONTACT: A. Escobar, Office of Disaster Assistance, U.S. Small Business Administration, 409 3rd Street, SW., Suite 6050, Washington, DC 20416. SUPPLEMENTARY INFORMATION: The notice of the Administrator’s disaster declaration in the State of Hawaii, dated 03/29/2011, is hereby amended to include the following areas as adversely affected by the disaster. Primary Counties: Maui. Contiguous Counties: Kalawao. All other information in the original declaration remains unchanged. SUMMARY: (Catalog of Federal Domestic Assistance Numbers 59002 and 59008) Dated: April 11, 2011. Karen G. Mills, Administrator. [FR Doc. 2011–9390 Filed 4–18–11; 8:45 am] BILLING CODE 8025–01–P SMALL BUSINESS ADMINISTRATION [Disaster Declaration #12526 and #12527] Hawaii Disaster #HI–00023 U.S. Small Business Administration. ACTION: Notice. AGENCY: This is a Notice of the Presidential declaration of a major disaster for Public Assistance Only for the State of Hawaii (FEMA–1967–DR), dated 04/08/2011. Incident: Tsunami Waves. Incident Period: 03/11/2011. Effective Date: 04/08/2011. Physical Loan Application Deadline Date: 06/07/2011. SUMMARY: E:\FR\FM\19APN1.SGM 19APN1

Agencies

[Federal Register Volume 76, Number 75 (Tuesday, April 19, 2011)]
[Notices]
[Pages 21934-21935]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-9438]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-64296; File No. SR-ISE2011-20]


Self-Regulatory Organizations; International Securities Exchange, 
LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule 
Change Relating to Fees and Rebates for Adding and Removing Liquidity

April 13, 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 April 8, 2011, the International Securities Exchange, LLC (the 
``Exchange'' or the ``ISE'') filed with the Securities and Exchange 
Commission the proposed rule change, as described in Items I, II, and 
III below, which items have been prepared by the self-regulatory 
organization. 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 ISE is proposing to amend its transaction fees and rebates for 
adding and removing liquidity. The text of the proposed rule change is 
available on the Exchange's Web site (http://www.ise.com''), at the 
principal office of the Exchange, and at the Commission's Public 
Reference Room.

II. Self-Regulatory Organization's Statement of the Purpose of, and 
Statutory Basis for, the Proposed Rule Change

    In its filing with the Commission, the 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 these statements may be examined at 
the places specified in Item IV below. The self-regulatory organization 
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 Exchange currently assesses a per contract transaction charge 
to market participants that add or remove liquidity from the Exchange 
(``maker/taker fees'') in 100 options classes (the ``Select 
Symbols'').\3\ The purpose of this proposed rule change is to amend the 
list of Select Symbols on the Exchange's Schedule of Fees, titled 
``Rebates and Fees for Adding and Removing Liquidity in Select 
Symbols.'' Specifically, the Exchange proposes to change the symbol 
from ``QQQQ'' to ``QQQ'' to reflect the recent change in that exchange-
traded fund's ticker symbol. ``QQQQ'' would continue to be subject to 
the Fees and Rebates for Adding and Removing Liquidity on the 
Exchange's Schedule of Fees.
---------------------------------------------------------------------------

    \3\ Options classes subject to maker/taker fees are identified 
by their ticker symbol on the Exchange's Schedule of Fees.
---------------------------------------------------------------------------

    Additionally, the Exchange proposes to remove Motorala, Inc. 
(``MOT'') from the list of Select Symbols on the Exchange's Schedule of 
Fees due to a recent corporate action. As a result, MOT is no longer a 
valid symbol.
2. Statutory Basis
    The Exchange believes that its proposal to amend its Schedule of 
Fees is consistent with Section 6(b) of the Act \4\ in general, and 
furthers the objectives of Section 6(b)(4) of the Act \5\ in 
particular, in that it is an equitable allocation of reasonable dues, 
fees and other charges among Exchange members and other persons using 
its facilities. The Exchange believes that updating its Schedule of 
Fees to amend the ``QQQQ'' symbol to ``QQQ'' will provide its members 
clarity as to which symbols are subject to the Exchange's maker/taker 
fees. The Exchange further believes that this proposed rule change is 
both equitable and reasonable because the amendments would uniformly 
apply to all categories of market participants. The Exchange further 
believes that the proposed removal of MOT from the list of Select 
Symbols is both equitable and reasonable because the amendment would 
uniformly apply to all categories of participants.
---------------------------------------------------------------------------

    \4\ 15 U.S.C. 78f(b).
    \5\ 15 U.S.C. 78f(b)(4).
---------------------------------------------------------------------------

B. Self-Regulatory Organization's Statement on Burden on Competition

    The proposed rule change does not impose any burden on competition 
that is 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 has not solicited, and does not intend to solicit, 
comments on this proposed rule change. The Exchange has not received 
any unsolicited written comments from members or other interested 
parties.

III. Date of Effectiveness of the Proposed Rule Change and Timing for 
Commission Action

    The foregoing rule change has become effective pursuant to Section 
19(b)(3)(A)(ii) of the Act.\6\ 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. If the Commission takes such action, the Commission shall 
institute proceedings to determine whether the proposed rule should be 
approved or disapproved.
---------------------------------------------------------------------------

    \6\ 15 U.S.C. 78s(b)(3)(A)(ii).

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[[Page 21935]]

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 http://www.sec.gov/rules/sro.shtml or
     Send an E-mail to rule-comments@sec.gov. Please include 
File No. SR-ISE-2011-20 on the subject line.

Paper Comments

     Send paper comments in triplicate to Elizabeth Murphy, 
Secretary, Securities and Exchange Commission, 100 F Street, NE., 
Washington, DC 20549-1090.

All submissions should refer to File Number SR-ISE-2011-20. 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 Commissions Internet Web site (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 Web site viewing and printing in 
the Commission's Public Reference Room. Copies of such filing also will 
be available for inspection and copying at the principal office of the 
ISE. 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-ISE-
2011-20 and should be submitted by May 10, 2011.
---------------------------------------------------------------------------

    \7\ 17 CFR 200.30-3(a)(12).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\7\
Cathy H. Ahn,
Deputy Secretary.
[FR Doc. 2011-9438 Filed 4-18-11; 8:45 am]
BILLING CODE 8011-01-P