Self-Regulatory Organizations; C2 Options Exchange, Incorporated; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Fees Schedule, 2772-2773 [2012-897]
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Federal Register / Vol. 77, No. 12 / Thursday, January 19, 2012 / Notices
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–66140; File No. SR–C2–
2012–002]
Self-Regulatory Organizations; C2
Options Exchange, Incorporated;
Notice of Filing and Immediate
Effectiveness of a Proposed Rule
Change To Amend the Fees Schedule
January 11, 2012.
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 6,
2012, the C2 Options Exchange,
Incorporated (the ‘‘Exchange’’ or ‘‘C2’’)
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 substantially 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 the
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
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.
mstockstill on DSK4VPTVN1PROD with NOTICES
A. Self-Regulatory Organization’s
Statement of the Purpose of, and the
Statutory Basis for, the Proposed Rule
Change
1. Purpose
On September 2, 2011, the
Commission approved a proposed rule
change filed by the Exchange to permit
on a pilot basis the listing and trading
on C2 of Standard & Poor’s 500 Index
1 15
2 17
U.S.C. 78s(b)(1).
CFR 240.19b–4.
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16:21 Jan 18, 2012
Jkt 226001
(‘‘S&P 500’’) options with third-Fridayof-the-month (‘‘Expiration Friday’’)
expiration dates for which the exercise
settlement value will be based on the
index value derived from the closing
prices of component securities
(‘‘SPXPM’’).3 On September 28, 2011,
the Exchange filed an immediatelyeffective rule change to adopt fees
associated with the anticipated trading
of SPXPM (the ‘‘Initial SPXPM Fees
Filing’’).4 In the Initial SPXPM Fees
Filing, the Exchange adopted an SPXPM
Tier Appointment Fee of $4,000 which
would be charged to any Market-Maker
Permit holder that has an appointment
(registration) in SPXPM at any time
during a calendar month, but the
Exchange also waived that fee through
November 30, 2011. On November 23,
the Exchange extended that waiver
through December 31, 2011.5 The
Exchange had intended to extend that
waiver through February 29, 2012, but
unintentionally did not do so. The
Exchange hereby proposes continuing
that waiver through February 2012. The
SPXPM Tier Appointment Fee for
January 2012, which would have been
billed at the end of the month, will not
be billed. The purpose of this waiver
extension is to allow more time for the
SPXPM market to develop and allow
and encourage Market-Makers to join in
and elect for an SPXPM Tier
Appointment.
2. Statutory Basis
The proposed rule change is
consistent with Section 6(b) of the Act,6
in general, and furthers the objectives of
Section 6(b)(4) 7 of the Act in particular,
in that 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.
Continuing the waiver of the SPXPM
Tier Appointment Fee is reasonable
because it will allow Market-Makers
with an SPXPM Tier Appointment to
avoid paying the Tier Appointment Fee
for another month [sic],8 and is
equitable and not unfairly
discriminatory because all MarketMakers with an SPXPM Tier
3 See Securities Exchange Act Release No. 34–
65256 (September 2, 2011), 76 FR 55969 (September
9, 2011) (SR–C2–2011–008).
4 See Securities Exchange Act Release No. 34–
65471 (October 3, 2011), 76 FR 62491 (October 7,
2011) (SR–C2–2011–026).
5 See Securities Exchange Act Release No. 34–
65874 (December 2, 2011), 76 FR 76785 (December
8, 2011) (SR–C2–2011–037).
6 15 U.S.C. 78f(b).
7 15 U.S.C. 78f(b)(4).
8 The Commission notes that C2 has proposed to
extend the waiver for an additional two months, not
one month as the Exchange stated.
PO 00000
Frm 00089
Fmt 4703
Sfmt 4703
Appointment will be able to avoid
paying the SPXPM Tier Appointment
Fee through February 29, 2012.
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) of the Act 9 and
subparagraph (f)(2) of Rule 19b–4 10
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 email to rulecomments@sec.gov. Please include File
Number SR–C2–2012–002 on the
subject line.
Paper Comments
• Send paper comments in triplicate
to Secretary, Securities and Exchange
Commission, 100 F Street NE.,
Washington, DC 20549–1090.
All submissions should refer to File
Number SR–C2–2012–002. This file
number should be included on the
9 15
U.S.C. 78s(b)(3)(A).
CFR 240.19b–4(f)(2).
10 17
E:\FR\FM\19JAN1.SGM
19JAN1
Federal Register / Vol. 77, No. 12 / Thursday, January 19, 2012 / Notices
subject line if email 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 C2.
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–C2–2012–002 and should
be submitted on or before February 9,
2012.
For the Commission, by the Division of
Market Regulation, pursuant to delegated
authority.11
Kevin M. O’Neill,
Deputy Secretary.
[FR Doc. 2012–897 Filed 1–18–12; 8:45 am]
BILLING CODE 8011–01–P
DEPARTMENT OF TRANSPORTATION
Office of the Secretary of
Transportation
[Docket No. DOT–OST–2011–0129]
Proposed Information Collection
Request; Notice of New Requirements
and Procedures for Grant Payment
Request Submission
Department of Transportation
(DOT).
ACTION: Notice with request for
comments.
mstockstill on DSK4VPTVN1PROD with NOTICES
AGENCY:
The Department of
Transportation (DOT), Office of the
Secretary (OST) will be submitting the
following information collection request
to the Office of Management and Budget
SUMMARY:
11 17
CFR 200.30–3(a)(12).
VerDate Mar<15>2010
16:21 Jan 18, 2012
Jkt 226001
(OMB) for review and clearance in
accordance with the Paperwork
Reduction Act of 1995. The information
collection was previously published in
the Federal Register on November 10,
2011, allowing for a 60-day public
comment period.
DATES: Comments must be submitted on
or before February 21, 2012.
ADDRESSES: Direct comments to the
Department of Transportation Desk
Officer in the Office of Information and
Regulatory Affairs at the Office of
Management and Budget (OMB). You
may submit comments by the following
methods:
• Email:
oira_submission@omb.eop.gov. You
must include the information collection
title and OMB control number in the
subject line of your message.
• Fax: (202) 395–5806. Attn: Desk
Officer for Department of
Transportation\OST.
You
may obtain copies of the proposed
information collection and supporting
documents from U.S. Department of
Transportation, Office of Financial
Management, B–30, room W93–431,
1200 New Jersey Avenue SE.,
Washington, DC 20590–0001, (202) 366–
1306, DOTElectronicInvoicing@dot.gov.
SUPPLEMENTARY INFORMATION:
Title: Notice of Requirements and
Procedures for Grant Payment Request
Submission.
Type of Request: New information
collection.
Background: This notice sets forth
requirements and procedures for
grantees that receive payments from
DOT OAs,1 with the exception of DOT
grant recipients requesting payment
electronically through the National
Highway Traffic Safety Administration’s
Grant Tracking System (GTS), the
Federal Highway Administration’s
Rapid Approval State Payment System
(RASPS), or Federal Transit
Administration (FTA) grant recipients
requesting payment through the
Electronic Clearing House Operation
System (ECHO–Web).
FOR FURTHER INFORMATION CONTACT:
1 The DOT OAs are: Office of the Secretary of
Transportation (OST), Federal Aviation
Administration (FAA), Federal Highway
Administration (FHWA), Federal Motor Carrier
Safety Administration (FMCSA), Federal Railroad
Administration (FRA), Federal Transit
Administration (FTA), Maritime Administration
(MARAD), National Highway Traffic Safety
Administration (NHTSA), Office of Inspector
General (OIG), Pipeline and Hazardous Materials
Safety Administration (PHMSA), Research and
Innovative Technology Administration (RITA),
Saint Lawrence Seaway Development Corporation
(SLSDC) and Surface Transportation Board (STB).
PO 00000
Frm 00090
Fmt 4703
Sfmt 9990
2773
The Proposed Procedures Provide That
• Grantees will now be required to
have electronic Internet access to
register in the Delphi eInvoicing system.
• Grantees will be required to submit
payment requests electronically and
DOT OAs must process payment
requests electronically.
• The identities of system users must
be verified prior to receiving access to
the Delphi eInvoicing system. Users
must complete a user request form and
provide the following information: Full
name, work address, work phone
number, work email address, home
address and home phone number. Once
completed, this form must be presented
to a Notary Public for verification. Once
notarized, the prospective grantee user
will return the form to receive their
login credentials.
• DOT Office of Financial
Management officials may allow
exceptions to the requirement that
grantees register and submit payment
requests through the Delphi eInvoicing
system under limited circumstances.
Recipients may apply for an exemption
by submitting an electronic Waiver
Request Form to the DOT Office of
Financial Management. The exceptions
will be considered on a case by case
basis via Waiver Request Form.
Affected Public: DOT Grant
Recipients.
Estimated Number of Respondents:
11,000.
Estimated Number of Responses:
11,000.
Annual Estimated Total Annual
Burden Hours: 22,000 (est. 2 hours to
complete process × 11,000 recipients).
Frequency of Collection: One time.
Comments: Comments are invited on:
Whether the proposed collection of
information is necessary for the proper
performance of the functions of the
Department, including whether the
information will have practical utility;
the accuracy of the Department’s
estimate of the burden of the proposed
information collection; ways to enhance
the quality, utility and clarity of the
information to be collected; and ways to
minimize the burden of the collection of
information on respondents.
Issued in Washington, DC, on January 12,
2012.
Patricia Lawton,
Paperwork Reduction Act Clearance Officer,
Department of Transportation.
[FR Doc. 2012–944 Filed 1–18–12; 8:45 am]
BILLING CODE 4910–9X–P
E:\FR\FM\19JAN1.SGM
19JAN1
Agencies
[Federal Register Volume 77, Number 12 (Thursday, January 19, 2012)]
[Notices]
[Pages 2772-2773]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-897]
[[Page 2772]]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-66140; File No. SR-C2-2012-002]
Self-Regulatory Organizations; C2 Options Exchange, Incorporated;
Notice of Filing and Immediate Effectiveness of a Proposed Rule Change
To Amend the Fees Schedule
January 11, 2012.
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 6, 2012, the C2 Options Exchange, Incorporated (the
``Exchange'' or ``C2'') 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 substantially
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 the 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 on the
proposed rule change. The text of those statements may be examined at
the places specified in Item IV below. The Exchange has prepared
summaries, set forth in sections A, B, and C below, of the most
significant parts of such statements.
A. Self-Regulatory Organization's Statement of the Purpose of, and the
Statutory Basis for, the Proposed Rule Change
1. Purpose
On September 2, 2011, the Commission approved a proposed rule
change filed by the Exchange to permit on a pilot basis the listing and
trading on C2 of Standard & Poor's 500 Index (``S&P 500'') options with
third-Friday-of-the-month (``Expiration Friday'') expiration dates for
which the exercise settlement value will be based on the index value
derived from the closing prices of component securities (``SPXPM'').\3\
On September 28, 2011, the Exchange filed an immediately-effective rule
change to adopt fees associated with the anticipated trading of SPXPM
(the ``Initial SPXPM Fees Filing'').\4\ In the Initial SPXPM Fees
Filing, the Exchange adopted an SPXPM Tier Appointment Fee of $4,000
which would be charged to any Market-Maker Permit holder that has an
appointment (registration) in SPXPM at any time during a calendar
month, but the Exchange also waived that fee through November 30, 2011.
On November 23, the Exchange extended that waiver through December 31,
2011.\5\ The Exchange had intended to extend that waiver through
February 29, 2012, but unintentionally did not do so. The Exchange
hereby proposes continuing that waiver through February 2012. The SPXPM
Tier Appointment Fee for January 2012, which would have been billed at
the end of the month, will not be billed. The purpose of this waiver
extension is to allow more time for the SPXPM market to develop and
allow and encourage Market-Makers to join in and elect for an SPXPM
Tier Appointment.
---------------------------------------------------------------------------
\3\ See Securities Exchange Act Release No. 34-65256 (September
2, 2011), 76 FR 55969 (September 9, 2011) (SR-C2-2011-008).
\4\ See Securities Exchange Act Release No. 34-65471 (October 3,
2011), 76 FR 62491 (October 7, 2011) (SR-C2-2011-026).
\5\ See Securities Exchange Act Release No. 34-65874 (December
2, 2011), 76 FR 76785 (December 8, 2011) (SR-C2-2011-037).
---------------------------------------------------------------------------
2. Statutory Basis
The proposed rule change is consistent with Section 6(b) of the
Act,\6\ in general, and furthers the objectives of Section 6(b)(4) \7\
of the Act in particular, in that 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.
Continuing the waiver of the SPXPM Tier Appointment Fee is reasonable
because it will allow Market-Makers with an SPXPM Tier Appointment to
avoid paying the Tier Appointment Fee for another month [sic],\8\ and
is equitable and not unfairly discriminatory because all Market-Makers
with an SPXPM Tier Appointment will be able to avoid paying the SPXPM
Tier Appointment Fee through February 29, 2012.
---------------------------------------------------------------------------
\6\ 15 U.S.C. 78f(b).
\7\ 15 U.S.C. 78f(b)(4).
\8\ The Commission notes that C2 has proposed to extend the
waiver for an additional two months, not one month as the Exchange
stated.
---------------------------------------------------------------------------
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)
of the Act \9\ and subparagraph (f)(2) of Rule 19b-4 \10\ 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.
---------------------------------------------------------------------------
\9\ 15 U.S.C. 78s(b)(3)(A).
\10\ 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 email to rule-comments@sec.gov. Please include
File Number SR-C2-2012-002 on the subject line.
Paper Comments
Send paper comments in triplicate to Secretary, Securities
and Exchange Commission, 100 F Street NE., Washington, DC 20549-1090.
All submissions should refer to File Number SR-C2-2012-002. This file
number should be included on the
[[Page 2773]]
subject line if email 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 C2. 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-C2-2012-002 and should be submitted on or before
February 9, 2012.
For the Commission, by the Division of Market Regulation,
pursuant to delegated authority.\11\
---------------------------------------------------------------------------
\11\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2012-897 Filed 1-18-12; 8:45 am]
BILLING CODE 8011-01-P