Self-Regulatory Organizations; Chicago Board Options Exchange, Incorporated; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Delete Obsolete Language From the CBOE Stock Exchange Fees Schedule, 55998-55999 [2011-23036]
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55998
Federal Register / Vol. 76, No. 175 / Friday, September 9, 2011 / Notices
believe that loosening the ‘‘in person’’
trading requirement to permit the use of
orders by SQTs is necessary.
The Exchange believes that the
proposed new trading requirement
coupled with the proposed changes to
the existing ‘‘in person’’ trading
requirement should encourage a more
regular presence and thus result in more
active market making. Similarly,
excluding transactions where the
contra-side is another ROT should
encourage more regular and active
market making. For example, a non-SQT
ROT would not be able to include
transactions involving dividend, merger
and short interest strategies where the
contra-side is another ROT, which is
often the case; accordingly, these large
transactions would not alleviate the
ROT’s in person quarterly trading
requirement and would encourage
active market making to reach that
number.
2. Statutory Basis
The Exchange believes that its
proposal is consistent with Section 6(b)
of the Act 8 in general, and furthers the
objectives of Section 6(b)(5) of the Act 9
in particular, in that it is designed to
promote just and equitable principles of
trade, to remove impediments to and
perfect the mechanism of a free and
open market and a national market
system, and, in general to protect
investors and the public interest, by (i)
Adopting a new trading requirement,
which should, in turn, strengthen the
quarterly trading requirements for
ROTs, and (ii) updating the in person
trading requirement to permit non-SQT
ROTs to use in person orders due to
changes in electronic trading over time.
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.
mstockstill on DSK4VPTVN1PROD with NOTICES
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
Within 45 days of the date of
publication of this notice in the Federal
Register or within such longer period (i)
8 15
U.S.C. 78f(b).
9 15 U.S.C. 78f(b)(5).
VerDate Mar<15>2010
16:58 Sep 08, 2011
Jkt 223001
As the Commission may designate up to
90 days of such date if it finds such
longer period to be appropriate and
publishes its reasons for so finding or
(ii) as to which the Exchange consents,
the Commission shall: (a) By order
approve or disapprove such proposed
rule change, or (b) institute proceedings
to determine whether the proposed rule
change should be disapproved.
information that you wish to make
available publicly. All submissions
should refer to File Number SR–Phlx–
2011–123 and should be submitted on
or before September 30, 2011.
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. 2011–23102 Filed 9–8–11; 8:45 am]
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–2011–123 on the
subject line.
Self-Regulatory Organizations;
Chicago Board Options Exchange,
Incorporated; Notice of Filing and
Immediate Effectiveness of a Proposed
Rule Change To Delete Obsolete
Language From the CBOE Stock
Exchange Fees Schedule
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–2011–123. 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
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
31, 2011, the Chicago Board Options
Exchange, Incorporated (‘‘Exchange’’ or
‘‘CBOE’’) filed with the Securities and
Exchange Commission (‘‘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.
PO 00000
Frm 00132
Fmt 4703
Sfmt 4703
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.10
Elizabeth M. Murphy,
Secretary.
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–65250; File No. SR–CBOE–
2011–084]
September 2, 2011.
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
The Exchange proposes to delete
obsolete language from the CBOE Stock
Exchange (‘‘CBSX’’) Fees Schedule. The
text of the proposed rule change is
available on the Exchange’s Web site
(https://www.cboe.org/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
10 17
CFR 200.30–3(a)(12).
U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
1 15
E:\FR\FM\09SEN1.SGM
09SEN1
Federal Register / Vol. 76, No. 175 / Friday, September 9, 2011 / Notices
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
CBSX normally applies the CBOE
Trading Permit Holder Application Fees
(the ‘‘Fees’’) to any applicant that
applies to be a CBSX Trading Permit
Holder. For the month of August 2011
only, CBSX held a ‘‘pricing special,’’
waiving such Fees and not charging any
fees for applications to become a CBSX
Trading Permit Holder (the ‘‘Fee
Waiver’’).3 The Fees Schedule was
amended to state that the Fees would be
waived for the month of August, 2011.
However, once the month of August,
2011 is over, the reference in the CBSX
Fees Schedule to the Fee Waiver will be
obsolete. As such, the Exchange
proposes to delete such reference, with
such proposed deletion to take effect
September 1, 2011.
2. Statutory Basis
The proposed rule change is
consistent with Section 6(b) of the Act,4
in general, and furthers the objectives of
Section 6(b)(5) 5 of the Act in particular.
By removing an obsolete reference in
the CBSX Fees Schedule, the proposed
rule change alleviates any potential
confusion, thereby perfecting the
mechanism of a free and open market
and national system, and, in general,
protecting investors and the public
interest.
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.
mstockstill on DSK4VPTVN1PROD with NOTICES
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.
3 See Securities Exchange Act Release No. 34–
65057 (August 8, 2011), 76 FR 50518 (August 15,
2011) (SR–CBOE–2011–070).
4 15 U.S.C. 78f(b).
5 15 U.S.C. 78f(b)(5).
VerDate Mar<15>2010
16:58 Sep 08, 2011
Jkt 223001
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) of the Act 6 and
subparagraph (f)(2) of Rule 19b–4 7
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.
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–CBOE–2011–084 on the
subject line.
55999
printing in the Commission’s Public
Reference Room, 100 F Street, NE.,
Washington, DC 20549, on official
business days between the hours of 10
a.m. and 3 p.m. Copies of such filing
also will be available for inspection and
copying at the principal office of the
Exchange. All comments received will
be posted without change; the
Commission does not edit personal
identifying information from
submissions. You should submit only
information that you wish to make
available publicly. All submissions
should refer to File Number SR–CBOE–
2011–084 and should be submitted on
or before September 30, 2011.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.8
Elizabeth M. Murphy,
Secretary.
[FR Doc. 2011–23036 Filed 9–8–11; 8:45 am]
BILLING CODE 8011–01–P
SOCIAL SECURITY ADMINISTRATION
Agency Information Collection
Activities: Proposed Request and
Comment Request
The Social Security Administration
(SSA) publishes a list of information
collection packages requiring clearance
by the Office of Management and
Paper Comments
Budget (OMB) in compliance with
• Send paper comments in triplicate
Public Law 104–13, the Paperwork
to Elizabeth M. Murphy, Secretary,
Reduction Act (PRA) of 1995, effective
Securities and Exchange Commission,
October 1, 1995. This notice includes
100 F Street, NE., Washington, DC
revisions of OMB-approved information
20549–1090.
collections and an information
All submissions should refer to File
collection in use without an OMB
Number SR–CBOE–2011–084. This file
number.
number should be included on the
SSA is soliciting comments on the
subject line if e-mail is used. To help the accuracy of the agency’s burden
Commission process and review your
estimate; the need for the information;
comments more efficiently, please use
its practical utility; ways to enhance its
only one method. The Commission will quality, utility, and clarity; and ways to
post all comments on the Commission’s
minimize burden on respondents,
Internet Web site (https://www.sec.gov/
including the use of automated
rules/sro.shtml). Copies of the
collection techniques or other forms of
submission, all subsequent
information technology. Mail, e-mail, or
amendments, all written statements
fax your comments and
with respect to the proposed rule
recommendations on the information
change that are filed with the
collection(s) to the OMB Desk Officer
Commission, and all written
and SSA Reports Clearance Officer at
communications relating to the
the following addresses or fax numbers.
proposed rule change between the
Commission and any person, other than (OMB)
those that may be withheld from the
Office of Management and Budget,
public in accordance with the
Attn: Desk Officer for SSA. Fax: 202–
provisions of 5 U.S.C. 552, will be
395–6974. E-mail address:
available for Web site viewing and
OIRA_Submission@omb.eop.gov.
6 15
7 17
PO 00000
U.S.C. 78s(b)(3)(A).
CFR 240.19b–4(f)(2).
Frm 00133
Fmt 4703
8 17
Sfmt 4703
E:\FR\FM\09SEN1.SGM
CFR 200.30–3(a)(12).
09SEN1
Agencies
[Federal Register Volume 76, Number 175 (Friday, September 9, 2011)]
[Notices]
[Pages 55998-55999]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-23036]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-65250; File No. SR-CBOE-2011-084]
Self-Regulatory Organizations; Chicago Board Options Exchange,
Incorporated; Notice of Filing and Immediate Effectiveness of a
Proposed Rule Change To Delete Obsolete Language From the CBOE Stock
Exchange Fees Schedule
September 2, 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 31, 2011, the Chicago Board Options Exchange, Incorporated
(``Exchange'' or ``CBOE'') filed with the Securities and Exchange
Commission (``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 delete obsolete language from the CBOE
Stock Exchange (``CBSX'') Fees Schedule. The text of the proposed rule
change is available on the Exchange's Web site (https://www.cboe.org/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
[[Page 55999]]
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
CBSX normally applies the CBOE Trading Permit Holder Application
Fees (the ``Fees'') to any applicant that applies to be a CBSX Trading
Permit Holder. For the month of August 2011 only, CBSX held a ``pricing
special,'' waiving such Fees and not charging any fees for applications
to become a CBSX Trading Permit Holder (the ``Fee Waiver'').\3\ The
Fees Schedule was amended to state that the Fees would be waived for
the month of August, 2011. However, once the month of August, 2011 is
over, the reference in the CBSX Fees Schedule to the Fee Waiver will be
obsolete. As such, the Exchange proposes to delete such reference, with
such proposed deletion to take effect September 1, 2011.
---------------------------------------------------------------------------
\3\ See Securities Exchange Act Release No. 34-65057 (August 8,
2011), 76 FR 50518 (August 15, 2011) (SR-CBOE-2011-070).
---------------------------------------------------------------------------
2. Statutory Basis
The proposed rule change is consistent with Section 6(b) of the
Act,\4\ in general, and furthers the objectives of Section 6(b)(5) \5\
of the Act in particular. By removing an obsolete reference in the CBSX
Fees Schedule, the proposed rule change alleviates any potential
confusion, thereby perfecting the mechanism of a free and open market
and national system, and, in general, protecting investors and the
public interest.
---------------------------------------------------------------------------
\4\ 15 U.S.C. 78f(b).
\5\ 15 U.S.C. 78f(b)(5).
---------------------------------------------------------------------------
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.
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)
of the Act \6\ and subparagraph (f)(2) of Rule 19b-4 \7\ 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.
---------------------------------------------------------------------------
\6\ 15 U.S.C. 78s(b)(3)(A).
\7\ 17 CFR 240.19b-4(f)(2).
---------------------------------------------------------------------------
IV. Solicitation of Comments
Interested persons are invited to submit written data, views, and
arguments concerning the foregoing, including whether the proposed rule
change is consistent with the Act. Comments may be submitted by any of
the following methods:
Electronic Comments
Use the Commission's Internet comment form (https://www.sec.gov/rules/sro.shtml); or
Send an e-mail to rule-comments@sec.gov. Please include
File Number SR-CBOE-2011-084 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-2011-084. This file
number should be included on the subject line if e-mail is used. To
help the Commission process and review your comments more efficiently,
please use only one method. The Commission will post all comments on
the Commission's Internet Web site (https://www.sec.gov/rules/sro.shtml). Copies of the submission, all subsequent amendments, all
written statements with respect to the proposed rule change that are
filed with the Commission, and all written communications relating to
the proposed rule change between the Commission and any person, other
than those that may be withheld from the public in accordance with the
provisions of 5 U.S.C. 552, will be available for Web site viewing and
printing in the Commission's Public Reference Room, 100 F Street, NE.,
Washington, DC 20549, on official business days between the hours of 10
a.m. and 3 p.m. Copies of such filing also will be available for
inspection and copying at the principal office of the Exchange. All
comments received will be posted without change; the Commission does
not edit personal identifying information from submissions. You should
submit only information that you wish to make available publicly. All
submissions should refer to File Number SR-CBOE-2011-084 and should be
submitted on or before September 30, 2011.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\8\
---------------------------------------------------------------------------
\8\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------
Elizabeth M. Murphy,
Secretary.
[FR Doc. 2011-23036 Filed 9-8-11; 8:45 am]
BILLING CODE 8011-01-P