Self-Regulatory Organizations; Notice of Filing and Immediate Effectiveness of Proposed Rule Change by NASDAQ OMX PHLX LLC Relating to Rebates and Fees for Adding and Removing Liquidity in Select Symbols, 54827-54829 [2011-22535]
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Federal Register / Vol. 76, No. 171 / Friday, September 2, 2011 / Notices
erowe on DSK5CLS3C1PROD with NOTICES
collateral will have access to the
collateral for which it is substituting.
The Interbank Movement is expected to
occur in the morning, though the
clearing banks and FICC have the
capability to have the Interbank
Movement occur at any point during the
day up until 2:30 p.m. The agreed upon
final timeframe will be determined as
between FICC and the clearing banks
prior to the implementation date of the
Pilot Program. During the Pilot Program,
FICC and the clearing banks will
unwind the intrabank GCF Repo
transactions at 3:30 p.m. FICC and the
clearing banks will determine the most
appropriate timeframe for the Interbank
Movement process to occur.
On Day 2, GCF Repo securities
collateral will be debited from the
securities account of the receiver of the
collateral at its clearing bank, and from
a FICC account at the same clearing
bank. If a substitution request is
received by the clearing bank of the
provider of GCF Repo securities
collateral prior to the substitution
deadline at a time specified in FICC’s
procedures,21 that clearing bank will
process the substitution request by
releasing the GCF Repo securities
collateral from the FICC GCF Repo
account at such clearing bank and
crediting it to the account of the
provider of GCF Repo securities
collateral. All cash substituted for the
GCF Repo securities collateral being
released will be credited to FICC’s GCF
Repo account at the clearing bank of the
provider of GCF Repo securities
collateral.
Simultaneously, with the debit of the
GCF Repo securities collateral from the
account at the clearing bank of the
original receiver of GCF Repo securities
collateral, such clearing bank will effect
a cash debit equal to the value of the
securities collateral in FICC’s GCF Repo
account at such clearing bank and will
credit the account of the original
receiver of securities collateral at such
clearing bank with such cash amount in
order to make payment to the original
receiver of securities collateral. (This is
because when the original receiver of
securities collateral is debited the
securities, it must receive the funds.) In
21 This timeframe will also be established in
consultation with the clearing banks and the
Federal Reserve. The parties are considering
whether to have the substitution process be
accomplished in two batches during the day
depending upon the time of submission of the
notifications for substitution. In any event,
substitution requests will be subject to the
substitution deadline. The details of the batches, if
applied, will be announced to members by
important notice. The deadline for submission of
GCF Repo substitution requests will be the same for
intrabank and interbank processing.
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order to secure FICC’s obligation to
repay the balance in FICC’s GCF Repo
account at the clearing bank of the
original receiver of GCF Repo securities
collateral, FICC will grant to such
clearing bank a security interest in the
cash substituted for the GCF securities
collateral in FICC’s GCF repo account at
the other clearing bank.
For substitutions that occur with
respect to GCF Repo transactions that
were processed on an interbank basis,
FICC and the clearing banks will
initially only permit cash substitutions
in order to accommodate current
processing systems. In the future, as
systems are upgraded, FICC may permit
securities substitutions in the same way
as described above for GCF Repo
transactions occurring on the intra-bank
basis. If interbank securities
substitutions are permitted, FICC will
announce this to members by important
notice.
C. Other rule changes
FICC is also making technical changes
to Section 7 of GSD Rule 20, which
relate to the GCF Repo collateral
process. Specifically, FICC is changing
reference to the defined term ‘‘Security’’
to ‘‘security’’ to conform to the use of
‘‘security’’ throughout the rule. The rule
change also introduces a term that
previously had not been included in the
rules inadvertently, ‘‘GCF Collateral
Excess Account.’’ This term is defined
as ‘‘the account established by a GCF
Custodian Bank in the name of the
Corporation to hold securities it credits
to the GCF Securities Account the
Corporation establishes for another GCF
Clearing Bank.’’
III. Discussion
Section 17A(b)(3)(F) of the Act 22
requires, among other things, that the
rules of a clearing agency be designed to
promote the prompt and accurate
clearance and settlement of security
transactions and assure the safeguarding
of securities and funds which are in the
custody or control of such clearing
agency or for which it is responsible.
Because the proposed rule change
aligns the GCF Repo service with
recommendations being made by the
TPR to address risks in the overall triparty repo market, it will promote the
prompt and accurate clearance and
settlement of security transactions and
assure the safeguarding of securities and
funds which are in the custody or
control of FICC or for which it is
responsible, and therefore is consistent
with the requirements of Section
17A(b)(3)(F) of the Act. The proposed
22 15
PO 00000
U.S.C. 78q–1(b)(3)(F).
Frm 00098
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54827
rule change is not inconsistent with the
existing rules of FICC, including any
other rules proposed to be amended.
IV. Conclusion
On the basis of the foregoing, the
Commission finds that the proposal is
consistent with the requirements of the
Act and in particular with the
requirements of Section 17A of the
Act 23 and the rules and regulations
thereunder.
It is therefore ordered, pursuant to
Section 19(b)(2) of the Act,24 that the
proposed rule change (File No. SR–
FICC–2011–05) be, and hereby is,
approved.25
For the Commission by the Division of
Trading and Markets, pursuant to delegated
authority.26
Elizabeth M. Murphy,
Secretary.
[FR Doc. 2011–22490 Filed 9–1–11; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–65206; File No. SR–Phlx–
2011–124]
Self-Regulatory Organizations; Notice
of Filing and Immediate Effectiveness
of Proposed Rule Change by NASDAQ
OMX PHLX LLC Relating to Rebates
and Fees for Adding and Removing
Liquidity in Select Symbols
August 26, 2011.
Pursuant to Section 19(b)(1) of the
Securities Exchange Act of 1934
(‘‘Act’’) 1 and Rule 19b–4 thereunder,2
notice is hereby given that, on August
24, 2011, NASDAQ OMX PHLX LLC
(‘‘Phlx’’ or the ‘‘Exchange’’) 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 amend
Section I of the Exchange’s Fee
23 15
U.S.C. 78q–1.
U.S.C. 78s(b)(2).
25 In approving the proposed rule change, the
Commission considered the proposal’s impact on
efficiency, competition and capital formation. 15
U.S.C. 78c(f).
26 17 CFR 200.30–3(a)(12).
1 15 U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
24 15
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Federal Register / Vol. 76, No. 171 / Friday, September 2, 2011 / Notices
Schedule titled ‘‘Rebates and Fees for
Adding and Removing Liquidity in
Select Symbols,’’ specifically to amend
the Select Symbols.3
While changes to the Fee Schedule
pursuant to this proposal are effective
upon filing, the Exchange has
designated these changes to be operative
on September 1, 2011.
The text of the proposed rule change
is available on the Exchange’s Web site
at https://nasdaqtrader.com/micro.
aspx?id=PHLXfilings, 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
Exchange included statements
concerning the purpose of and basis for
the proposed rule change and discussed
any comments it received on the
proposed rule change. The text of these
statements may be examined at the
places specified in Item IV below. The
Exchange has prepared summaries, set
forth in sections A, B, and C below, of
the most significant aspects of such
statements.
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A. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
1. Purpose
The purpose of the proposed rule
change is to amend the list of Select
Symbols in Section I of the Exchange’s
Fee Schedule, entitled ‘‘Rebates and
Fees for Adding and Removing
Liquidity in Select Symbols’’ in order to
attract additional order flow to the
Exchange.
The Exchange displays a list of Select
Symbols in its Fee Schedule at Section
I, ‘‘Rebates and Fees for Adding and
Removing Liquidity in Select Symbols,’’
that are subject to the rebates and fees
in that section. Among those Select
Symbols are: (i) iShares Dow Jones U.S.
Real Estate Index Fund (‘‘IYR’’); and (ii)
ProShares UltraShort QQQ ETF (‘‘QID’’),
which the Exchange is proposing to
remove from the list of Select Symbols.
The Exchange is also proposing to add:
(i) Procter & Gamble Co. (‘‘PG’’); and (ii)
SPDR S&P Oil & Gas Exploration &
Production ETF (‘‘XOP’’) to the list of
Select Symbols in Section I.
While changes to the Fee Schedule
pursuant to this proposal are effective
3 The
term ‘‘Select Symbols’’ refers to the symbols
which are subject to the Rebates and Fees for
Adding and Removing Liquidity in Section I of the
Exchange’s Fee Schedule.
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upon filing, the Exchange has
designated these changes to be operative
on September 1, 2011.
III. Date of Effectiveness of the
Proposed Rule Change and Timing for
Commission Action
2. Statutory Basis
The foregoing rule change has become
effective pursuant to Section
19(b)(3)(A)(ii) of the Act.7 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. If the Commission
takes such action, the Commission shall
institute proceedings to determine
whether the proposed rule should be
approved or disapproved.
The Exchange believes that its
proposal to amend its Fee Schedule 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 fees and other charges among
Exchange members and other persons
using its facilities.
The Exchange believes that it is
reasonable to remove IYR and QID from
its list of Select Symbols and add PG
and XOP to its list of Select Symbols to
attract additional order flow to the
Exchange. The Exchange anticipates
that the addition of PG and XOP to
Section I of the Fee Schedule would
attract market participants to transact
equity options at the Exchange because
of the available rebates. In addition, the
Exchange believes that applying the fees
in Section II, entitled ‘‘Equity Options
Fees’’ 6 to IYR and QID, including the
opportunity to receive payment for
order flow, will also attract order flow
to the Exchange.
The Exchange believes that it is
equitable and not unfairly
discriminatory to amend its list of Select
Symbols by removing IYR and QID and
adding PG and XOP because the list of
Select Symbols would apply uniformly
to all categories of participants in the
same manner. All market participants
who trade the Select Symbols would be
subject to the rebates and fees in Section
I of the Fee Schedule. Also, all market
participants would be uniformly subject
to the fees in Section II.
B. Self-Regulatory Organization’s
Statement on Burden on Competition
The Exchange does not believe that
the proposed rule change will impose
any burden on competition 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 either
solicited or received.
4 15
U.S.C. 78f(b).
U.S.C. 78f(b)(4).
6 Section II includes options overlying equities,
ETFs, ETNs, indexes, and HOLDRS which are
Multiply Listed.
5 15
PO 00000
Frm 00099
Fmt 4703
Sfmt 4703
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–
Phlx–2011–124 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–Phlx–2011–124. 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
7 15
E:\FR\FM\02SEN1.SGM
U.S.C. 78s(b)(3)(A)(ii).
02SEN1
Federal Register / Vol. 76, No. 171 / Friday, September 2, 2011 / Notices
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–Phlx–
2011–124 and should be submitted on
or before September 23, 2011.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.8
Elizabeth M. Murphy,
Secretary.
[FR Doc. 2011–22535 Filed 9–1–11; 8:45 am]
BILLING CODE 8011–01–P
DEPARTMENT OF STATE
[Public Notice: 7551]
Advisory Committee On International
Postal and Delivery Services
Department of State.
Notice; advisory committee
meeting announcement.
AGENCY:
input to the meeting should contact Mr.
Mohammed Nauage, whose contact
information is listed below. Each
individual providing oral input is
requested to limit his or her comments
to five minutes. Requests to be added to
the speaker list must be received in
writing (letter, e-mail or fax) prior to the
close of business on September 23,
2011; written comments from members
of the public for distribution at this
meeting must reach Mr. Nauage by
letter, e-mail or fax by this same date.
A member of the public requesting
reasonable accommodation should make
the request to Mr. Nauage by that same
date.
For further information, please
contact Mohammed Nauage, Office of
Global Systems (IO/GS), Bureau of
International Organization Affairs, U.S.
Department of State, at (202) 647–1044,
NauageM@state.govmailto:
Dated: August 23, 2011.
Dennis M. Delehanty,
Designated Federal Officer, Advisory
Committee on International Postal and
Delivery Services.
Dated: August 23, 2011.
Dennis M. Delehanty,
Foreign Affairs Officer, Department of State.
[FR Doc. 2011–22597 Filed 9–1–11; 8:45 am]
ACTION:
BILLING CODE 4710–19–P
As required by the Federal
Advisory Committee Act, Public Law
92–463, the Department of State gives
notice of a meeting of the Advisory
Committee on International Postal and
Delivery Services. This Committee has
been formed in fulfillment of the
provisions of the 2006 Postal
Accountability and Enhancement Act
(Pub. L. 109–435) and in accordance
with the Federal Advisory Committee
Act.
DATES: September 29, 2011 from 10 a.m.
to about 1 p.m. (open to the public).
Location: The American Institute of
Architects (Boardroom), 1735 New York
Ave., NW., Washington, DC 20006
Meeting agenda: The agenda of the
meeting will include a review of the
results of the April 2011 UPU Postal
Operations Council, the major issues to
arise at the October 2011 UPU Council
of Administration, U.S. strategy for the
UPU, developing U.S. proposals for the
2012 UPU Congress, and other subjects
related to international postal and
delivery services that are of interest to
Advisory Committee members and the
public.
Public input: Any member of the
public interested in providing public
erowe on DSK5CLS3C1PROD with NOTICES
SUMMARY:
8 17
CFR 200.30–3(a)(12).
VerDate Mar<15>2010
15:37 Sep 01, 2011
Jkt 223001
DEPARTMENT OF TRANSPORTATION
Office of the Secretary of
Transportation
[DOT Docket No. DOT–OST–2010–0074]
The First Semi-Annual Aviation
Workforce Management Conference
Office of the Secretary of
Transportation (DOT), U.S. Department
of Transportation.
ACTION: Notice of Conference.
AGENCY:
The Department of
Transportation, Office of the Secretary
of Transportation, announces the First
Semi-Annual Aviation Workforce
Management Conference which will be
held in Washington DC. The Conference
will be co-hosted by the Secretary of
Transportation Ray LaHood, Secretary
of Labor Hilda L. Solis and Secretary of
Education Arne Duncan. The Federal
Aviation Administrator J. Randolph
(Randy) Babbitt will also participate in
the Conference. This will be the first
semi-annual conference recommended
by the Subcommittee on Labor and
World-Class Workforce of the former
Future of Aviation Advisory Committee
(FAAC).
SUMMARY:
PO 00000
Frm 00100
Fmt 4703
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54829
The Conference will be held on
September 21, 2011, from 9:30 a.m. to
12:30 p.m. (EDT).
ADDRESSES: The Conference will be held
at the Department of Transportation,
1200 New Jersey Avenue, SE.,
Washington, DC 20590, in the West
Building Atrium.
FOR FURTHER INFORMATION CONTACT:
Bonnie M. Gray, Conference
Coordinator at 202–267–8712 or by email at FAAC@faa.gov.
SUPPLEMENTARY INFORMATION: Agenda:
The agenda will include aviation
workforce development issues that
focus on the need for a future workforce
with solid foundations in the science,
technology, engineering, and
mathematics disciplines, and best
practices for addressing labor/
management issues. The Conference
implements Recommendation 17 of
FAAC, ‘‘The Secretary of Transportation
should endorse and implement a semiannual Aviation Industry WorkforceManagement Conference beginning in
September 2011. The mandate of the
conference would be to bridge the gap
of information and understanding that
generally exists today between the
aviation workforce and its management,
with the ultimate goal of a healthier
industry for all.’’ A copy of the agenda
will be posted at https://www.dot.gov/
faac when finalized.
Public Access: Members of the public
and all members of the aviation
community are invited to attend. Preregistration is required of all attendees.
(See below for registration instructions).
Registration Instructions: Space for
the Conference is limited. Registration
will be available on a first-come, firstserve basis. Once the maximum number
of 300 registrants has been reached,
registration will close. Requests to
attend the meeting must be received by
close of business on September 6, 2011.
• All foreign nationals must register
and provide their date of birth, passport
number, and country of issue by August
26, 2011.
• Persons with disabilities who
require special assistance should advise
the Department of their anticipated
special need(s) at the time of
registration, under the subject line
‘‘Special Assistance,’’.
• To register: Send an e-mail to
FAAC@faa.gov with ‘‘Registration’’ in
the subject line including the following
information:
Æ Last name, First name;
Æ Title (if any);
Æ Company or affiliation (if any);
Æ Address;
Æ Phone number;
Æ US Citizen (Y/N);
DATES:
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]]>Agencies
[Federal Register Volume 76, Number 171 (Friday, September 2, 2011)]
[Notices]
[Pages 54827-54829]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-22535]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-65206; File No. SR-Phlx-2011-124]
Self-Regulatory Organizations; Notice of Filing and Immediate
Effectiveness of Proposed Rule Change by NASDAQ OMX PHLX LLC Relating
to Rebates and Fees for Adding and Removing Liquidity in Select Symbols
August 26, 2011.
Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934
(``Act'') \1\ and Rule 19b-4 thereunder,\2\ notice is hereby given
that, on August 24, 2011, NASDAQ OMX PHLX LLC (``Phlx'' or the
``Exchange'') 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 amend Section I of the Exchange's Fee
[[Page 54828]]
Schedule titled ``Rebates and Fees for Adding and Removing Liquidity in
Select Symbols,'' specifically to amend the Select Symbols.\3\
---------------------------------------------------------------------------
\3\ The term ``Select Symbols'' refers to the symbols which are
subject to the Rebates and Fees for Adding and Removing Liquidity in
Section I of the Exchange's Fee Schedule.
---------------------------------------------------------------------------
While changes to the Fee Schedule pursuant to this proposal are
effective upon filing, the Exchange has designated these changes to be
operative on September 1, 2011.
The text of the proposed rule change is available on the Exchange's
Web site at https://nasdaqtrader.com/micro.aspx?id=PHLXfilings, 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 Exchange included statements
concerning the purpose of and basis for the proposed rule change and
discussed any comments it received on the proposed rule change. The
text of these statements may be examined at the places specified in
Item IV below. The Exchange has prepared summaries, set forth in
sections A, B, and C below, of the most significant aspects of such
statements.
A. Self-Regulatory Organization's Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule Change
1. Purpose
The purpose of the proposed rule change is to amend the list of
Select Symbols in Section I of the Exchange's Fee Schedule, entitled
``Rebates and Fees for Adding and Removing Liquidity in Select
Symbols'' in order to attract additional order flow to the Exchange.
The Exchange displays a list of Select Symbols in its Fee Schedule
at Section I, ``Rebates and Fees for Adding and Removing Liquidity in
Select Symbols,'' that are subject to the rebates and fees in that
section. Among those Select Symbols are: (i) iShares Dow Jones U.S.
Real Estate Index Fund (``IYR''); and (ii) ProShares UltraShort QQQ ETF
(``QID''), which the Exchange is proposing to remove from the list of
Select Symbols. The Exchange is also proposing to add: (i) Procter &
Gamble Co. (``PG''); and (ii) SPDR S&P Oil & Gas Exploration &
Production ETF (``XOP'') to the list of Select Symbols in Section I.
While changes to the Fee Schedule pursuant to this proposal are
effective upon filing, the Exchange has designated these changes to be
operative on September 1, 2011.
2. Statutory Basis
The Exchange believes that its proposal to amend its Fee Schedule
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 fees and other charges
among Exchange members and other persons using its facilities.
---------------------------------------------------------------------------
\4\ 15 U.S.C. 78f(b).
\5\ 15 U.S.C. 78f(b)(4).
---------------------------------------------------------------------------
The Exchange believes that it is reasonable to remove IYR and QID
from its list of Select Symbols and add PG and XOP to its list of
Select Symbols to attract additional order flow to the Exchange. The
Exchange anticipates that the addition of PG and XOP to Section I of
the Fee Schedule would attract market participants to transact equity
options at the Exchange because of the available rebates. In addition,
the Exchange believes that applying the fees in Section II, entitled
``Equity Options Fees'' \6\ to IYR and QID, including the opportunity
to receive payment for order flow, will also attract order flow to the
Exchange.
---------------------------------------------------------------------------
\6\ Section II includes options overlying equities, ETFs, ETNs,
indexes, and HOLDRS which are Multiply Listed.
---------------------------------------------------------------------------
The Exchange believes that it is equitable and not unfairly
discriminatory to amend its list of Select Symbols by removing IYR and
QID and adding PG and XOP because the list of Select Symbols would
apply uniformly to all categories of participants in the same manner.
All market participants who trade the Select Symbols would be subject
to the rebates and fees in Section I of the Fee Schedule. Also, all
market participants would be uniformly subject to the fees in Section
II.
B. Self-Regulatory Organization's Statement on Burden on Competition
The Exchange does not believe that the proposed rule change will
impose any burden on competition 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 either solicited or received.
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.\7\ 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. If the Commission takes such action, the Commission shall
institute proceedings to determine whether the proposed rule should be
approved or disapproved.
---------------------------------------------------------------------------
\7\ 15 U.S.C. 78s(b)(3)(A)(ii).
---------------------------------------------------------------------------
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-Phlx-2011-124 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-Phlx-2011-124. 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
[[Page 54829]]
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-Phlx-2011-124 and should be submitted on or before
September 23, 2011.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\8\
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\8\ 17 CFR 200.30-3(a)(12).
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Elizabeth M. Murphy,
Secretary.
[FR Doc. 2011-22535 Filed 9-1-11; 8:45 am]
BILLING CODE 8011-01-P
