Self-Regulatory Organizations; International Securities Exchange, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Adopt a New Order Type, 17102-17104 [2012-6987]

Download as PDF 17102 Federal Register / Vol. 77, No. 57 / Friday, March 23, 2012 / Notices 8. Department of the Treasury, Internal Revenue Service (N1–58–11– 16, 1 item, 1 temporary item). Records consist of forms filed by lenders on each mortgage credit certificate issued and are used to obtain taxpayer information. 9. Department of the Treasury, Internal Revenue Service (N1–58–11–21 1 item, 1 temporary item). Records consist of a form used by internal divisions as documentation of agreements relating to criminal investigations and collections activities. 10. Department of Veterans Affairs, Veteran Health Administration (N1–15– 11–4, 5 items, 4 temporary items). Records related to the establishment, development, execution, and completion of educational projects, programs, and activities for clinics working with the Department’s health care system. Proposed for permanent retention are historically significant media files. Dated: March 19, 2012. Paul M. Wester, Jr., Chief Records Officer for the U.S. Government. [FR Doc. 2012–7000 Filed 3–22–12; 8:45 am] BILLING CODE 7515–01–P THE NATIONAL FOUNDATION ON THE ARTS AND THE HUMANITIES Meetings of Humanities Panel The National Endowment for the Humanities, National Foundation on the Arts and the Humanities AGENCY: ACTION: Cancellation of Panel Meeting. NATIONAL SCIENCE FOUNDATION Advisory Committee for Mathematical and Physical Sciences Correction The National Science Foundation published a Notice of Meeting in the Federal Register on March 19, 2012. The notice was published on page 16076, column 3. The notice incorrectly states that the meeting is on April 7–8, 2012. This notice announces the corrected date and time of the meeting. The correct meeting information is as follows: Name: Directorate for Mathematical and Physical Sciences Advisory Committee (66). Date/Time: April 5, 2012, 9 a.m.–6 p.m., April 6, 2012, 9 a.m.–3 p.m. Place: National Science Foundation, Room 1235, 4201 Wilson Boulevard, Arlington, VA 22230. Type of Meeting: Open. Contact Person: Dr. Morris L. Aizenman, Senior Science Associate, Directorate for Mathematical and Physical Sciences, Room 1005, National Science Foundation, 4201 Wilson Boulevard, Arlington, VA 22230, (703) 292–8807. Purpose of Meeting: To provide advice and recommendations concerning NSF science and education activities within the Directorate for Mathematical and Physical Sciences. Agenda: Update on current status of Directorate, Report of MPS Committee of Visitors, Report of NSF Advisory Subcommittees, Meeting of MPSAC with Divisions within MPS Directorate, Discussion of MPS Long-term Planning Activities. Summary Minutes: May be obtained from the contact person listed above. Dated: March 20, 2012. Susanne E. Bolton, Committee Management Officer. [FR Doc. 2012–7040 Filed 3–22–12; 8:45 am] Notice is hereby given of the cancellation of the following meeting of the Humanities Panel at the Old Post Office, 1100 Pennsylvania Avenue NW., Washington, DC 20506, which was published in the Federal Register on March 13, 2012, 77 FR 14836. BILLING CODE 7555–01–P April 23, 2012. Time: 9 a.m. to 5 p.m. Room: 315. Program: This meeting will review applications for The Summer Seminars and Institutes grant program, submitted to the Division of Education Programs, at the March 1, 2012 deadline. AGENCY HOLDING THE MEETINGS: Nuclear Regulatory Commission, [NRC–2012– 0002]. DATE: Week of March 26, 2012. PLACE: Commissioners’ Conference Room, 11555 Rockville Pike, Rockville, Maryland. STATUS: Public and Closed. ADDITIONAL ITEMS TO BE CONSIDERED: Lisette Voyatzis, Advisory Committee Management Officer. Week of March 26, 2012 srobinson on DSK4SPTVN1PROD with NOTICES DATES: [FR Doc. 2012–6985 Filed 3–22–12; 8:45 am] BILLING CODE 7536–01–P VerDate Mar<15>2010 17:14 Mar 22, 2012 Jkt 226001 Dated: March 20, 2012. Rochelle Bavol, Policy Coordinator, Office of the Secretary. NUCLEAR REGULATORY COMMISSION [FR Doc. 2012–7177 Filed 3–21–12; 4:15 pm] Sunshine Federal Register Notice Tuesday, March 27, 2012 8:55 a.m. Affirmation Session (Public Meeting) (Tentative). PO 00000 Frm 00102 Fmt 4703 Sfmt 4703 a. FirstEnergy Nuclear Operating Co. (Davis-Besse Nuclear Power Station, Unit 1), Appeal of LBP–11–13 (Apr. 26, 2011), Docket No. 50–346–LR (Tentative). This meeting will be webcast live at the Web address—www.nrc.gov. * * * * * * The schedule for Commission meetings is subject to change on short notice. To verify the status of meetings, call (recording)—(301) 415–1292. Contact person for more information: Rochelle Bavol, (301) 415–1651. * * * * * The NRC Commission Meeting Schedule can be found on the Internet at: www.nrc.gov/about-nrc/policymaking/schedule.html. * * * * * The NRC provides reasonable accommodation to individuals with disabilities where appropriate. If you need a reasonable accommodation to participate in these public meetings, or need this meeting notice or the transcript or other information from the public meetings in another format (e.g. braille, large print), please notify Bill Dosch, Chief, Work Life and Benefits Branch, at 301–415–6200, TDD: 301– 415–2100, or by email at william.dosch@nrc.gov. Determinations on requests for reasonable accommodation will be made on a caseby-case basis. * * * * * This notice is distributed electronically to subscribers. If you no longer wish to receive it, or would like to be added to the distribution, please contact the Office of the Secretary, Washington, DC 20555 (301–415–1969), or send an email to darlene.wright@nrc.gov. BILLING CODE 7590–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–66617; File No. SR–ISE– 2012–20] Self-Regulatory Organizations; International Securities Exchange, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Adopt a New Order Type March 19, 2012. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (the E:\FR\FM\23MRN1.SGM 23MRN1 Federal Register / Vol. 77, No. 57 / Friday, March 23, 2012 / Notices ‘‘Act’’) 1 and Rule 19b–4 thereunder,2 notice is hereby given that on March 7, 2012, the International Securities Exchange, LLC (the ‘‘Exchange’’ or the ‘‘ISE’’) filed with the Securities and Exchange Commission (the ‘‘Commission’’) the proposed rule change as described in Items I and II below, which Items have been prepared by the Exchange. The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons. I. Self-Regulatory Organization’s Statement of the Terms of Substance of the Proposed Rule Change The Exchange proposes to amend Rule 715 (Types of Orders) to adopt a new order type. The text of the proposed rule change is available on the Exchange’s Internet Web site at https:// 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. srobinson on DSK4SPTVN1PROD with NOTICES A. Self-Regulatory Organization’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change 1. Purpose The purpose of this proposed rule change is to provide an additional order type that will give market participants greater control over the circumstances in which their orders are executed. Some investors and market participants wish only to provide liquidity in certain circumstances, such as to receive a maker fee (rebate) upon execution of an order. To accommodate this strategy, the Exchange proposed to adopt a new order type called an add liquidity order (‘‘ALO’’). ALOs are limit orders that will only be executed as a ‘‘maker’’ on the ISE. Members can choose whether an ALO that is executable on the ISE upon entry (or that locks or crosses an away market 1 15 2 17 U.S.C. 78s(b)(1). CFR 240.19b–4. VerDate Mar<15>2010 17:14 Mar 22, 2012 Jkt 226001 upon entry) will be cancelled or repriced to one minimum price variation above the national best bid or below the national best offer. An Add Liquidity Order will only be re-priced once and will be executed at the re-priced price. While the Exchange expects to implement this new order type on May 14, 2012, this date is not certain and the Exchange will announce the specific operative date via an Information Circular. This order type is similar to order types available on NYSE Arca.3 2. Statutory Basis The Exchange believes that the proposed rule change is consistent with the provisions of Section 6 of the Act,4 in general, and with Section 6(b)(5) of the Act,5 in particular, in that the proposal is designed to prevent fraudulent and manipulative acts and practices, to promote just and equitable principles of trade, to foster cooperation and coordination with persons engaged in regulating, clearing, settling processing information with respect to, and facilitating transactions in securities, 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. Specifically, the ALO order is designed to provide market participants with the ability to provide liquidity and have more control over their execution costs. When an ALO would lock or cross an away market price if placed on the ISE limit order book or be executed upon entry, it will either be cancelled or repriced as designated. In addition, the ALO is designed to assure compliance with the Intermarket Linkage rules related to locked and crossed markets.6 3 NYSE Arca offers a Liquidity Adding Order that is canceled if executable upon entry and a PNP Plus order that is re-priced if it is marketable upon entry, or would lock or cross an away market. See NYSE Arca Rule 6.62(t) and (y). See also, Securities Exchange Act Release Nos. 59603 (March 19, 2009), 74 FR 13279 (March 26, 2009) (SR–NYSEArca– 2009–21) (Notice of immediate effectiveness of the Liquidity Adding Order) and 49942 (June 29, 2004), 69 FR 41005 (July 7, 2004) (SR–PCX–2004–12) (Order approving the PNP Plus order). 4 15 U.S.C. 78f. 5 15 U.S.C. 78f(b)(5). 6 Under the Options Order Protection and Locked/Crossed Market Plan (‘‘Plan’’) Members are required to reasonably avoid displaying, and shall not engage in a pattern or practice of displaying, any quotations that lock or cross a Protect [sic] Quotation. The Plan is a national market system plan that was approved by the Commission and by which all options exchanges must comply. See Securities Exchange Act Release Nos. 60405 (July 30, 2009), 74 FR 39362 (August 6, 2009) (order approving the Plan); 60559 (August 21, 2009), 74 FR 44425 (August 28, 2009) (order approving ISE Rules implementing the Plan). PO 00000 Frm 00103 Fmt 4703 Sfmt 4703 17103 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 Because the foregoing proposed rule change does not significantly affect the protection of investors or the public interest, does not impose any significant burden on competition, and, by its terms, does not become operative for 30 days from the date on which it was filed, or such shorter time as the Commission may designate, it has become effective pursuant to Section 19(b)(3)(A) 7 of the Act and Rule 19b– 4(f)(6) 8 thereunder. The Exchange provided the Commission with written notice of its intent to file the proposed rule change, along with a brief description and text of the proposed rule change, at least five business days prior to the date of filing the proposed rule change. 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 Exchange 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 7 15 8 17 E:\FR\FM\23MRN1.SGM U.S.C. 78s(b)(3)(A). CFR 240.19b–4(f)(6). 23MRN1 17104 Federal Register / Vol. 77, No. 57 / Friday, March 23, 2012 / Notices Number SR–ISE–2012–20 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–ISE–2012–20. This file number should be included on the 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 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–ISE– 2012–20 and should be submitted on or before April 13, 2012. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.9 Kevin M. O’Neill, Deputy Secretary. [Public Notice: 7830] Culturally Significant Objects Imported for Exhibition Determinations: ‘‘Ecstatic Alphabets/Heaps of Language’’ Notice is hereby given of the following determinations: Pursuant to the authority vested in me by the Act of October 19, 1965 (79 Stat. 985; 22 U.S.C. 2459), Executive Order 12047 of March 27, 1978, the Foreign Affairs Reform and Restructuring Act of 1998 (112 Stat. 2681, et seq.; 22 U.S.C. 6501 note, et seq.), Delegation of Authority No. 234 of October 1, 1999, and Delegation of Authority No. 236–3 of August 28, 2000 (and, as appropriate, Delegation of Authority No. 257 of April 15, 2003), I hereby determine that the objects to be included in the exhibition ‘‘Ecstatic Alphabets/Heaps of Language,’’ imported from abroad for temporary exhibition within the United States, are of cultural significance. The objects are imported pursuant to loan agreements with the foreign owners or custodians. I also determine that the exhibition or display of the exhibit objects at the Museum of Modern Art, New York, New York, from on or about May 6, 2012, until on or about August 27, 2012, and at possible additional exhibitions or venues yet to be determined, is in the national interest. I have ordered that Public Notice of these Determinations be published in the Federal Register. FOR FURTHER INFORMATION CONTACT: For further information, including a list of the exhibit objects, contact Paul W. Manning, Attorney-Adviser, Office of the Legal Adviser, U.S. Department of State (telephone: 202–632–6469). The mailing address is U.S. Department of State, SA–5, L/PD, Fifth Floor (Suite 5H03), Washington, DC 20522–0505. SUMMARY: Dated: March 15, 2012. J. Adam Ereli, Principal Deputy Assistant Secretary, Bureau of Educational and Cultural Affairs, Department of State. [FR Doc. 2012–7044 Filed 3–22–12; 8:45 am] BILLING CODE 4710–05–P [FR Doc. 2012–6987 Filed 3–22–12; 8:45 am] srobinson on DSK4SPTVN1PROD with NOTICES BILLING CODE 8011–01–P DEPARTMENT OF TRANSPORTATION Federal Aviation Administration Government/Industry Aeronautical Charting Forum Meeting: Correction Federal Aviation Administration (FAA), DOT. ACTION: Notice of public meeting. AGENCY: 9 17 CFR 200.30–3(a)(12). VerDate Mar<15>2010 17:14 Mar 22, 2012 Jkt 226001 PO 00000 Frm 00104 Fmt 4703 Sfmt 4703 This Notice is a correction to a document published by the same title on March 7, 2012 (FR Doc. 2012–5923), page 13683. In that document the SUPPLEMENTARY INFORMATION was inadvertently left out. This notice announces the bi-annual meeting of the Federal Aviation Administration (FAA) Aeronautical Charting Forum (ACF) to discuss informational content and design of aeronautical charts and related products, as well as instrument flight procedures development policy and design criteria. DATES: The ACF is separated into two distinct groups. The Instrument Procedures Group (IPG) will meet April 24, 2012 from 8:30 a.m. to 5 p.m. The Charting Group will meet April 25 and 26, 2012 from 8:30 a.m. to 5 p.m. ADDRESSES: The meeting will be hosted by Innovative Solutions International, a Pragmatics, Inc. Company at 1761 Business Center Drive, Reston, VA 20190. FOR FURTHER INFORMATION CONTACT: For information relating to the Instrument Procedures Group, contact Thomas E. Schneider, FAA, Flight Procedures Standards Branch, AFS–420, 6500 South MacArthur Blvd., P.O. Box 25082, Oklahoma City, OK 73125; telephone (405) 954–5852; fax: (405) 954–2528. For information relating to the Charting Group, contact Valerie S. Watson, FAA, National Aeronautical Navigation Products (AeroNav Products), Quality Assurance & Regulatory Support, AJV–3B, 1305 EastWest Highway, SSMC4, Station 4640, Silver Spring, MD 20910; telephone: (301) 427–5155, fax: (301) 427–5412. SUPPLEMENTARY INFORMATION: Pursuant to § 10(a)(2) of the Federal Advisory Committee Act (Pub. L. 92–463; 5 U.S.C. App. II), notice is hereby given of a meeting of the FAA Aeronautical Charting Forum to be held from April 24 through April 26, 2012, from 8:30 a.m. to 5 p.m. at Innovative Solutions International (ISI), a Pragmatics Inc. Company, at their offices at 1761 Business Center Drive, Reston, VA 20190. The Instrument Procedures Group agenda will include briefings and discussions on recommendations regarding pilot procedures for instrument flight, as well as criteria, design, and developmental policy for instrument approach and departure procedures. The Charting Group agenda will include briefings and discussions on recommendations regarding aeronautical charting specifications, flight information products, and new aeronautical charting and air traffic SUMMARY: DEPARTMENT OF STATE E:\FR\FM\23MRN1.SGM 23MRN1

Agencies

[Federal Register Volume 77, Number 57 (Friday, March 23, 2012)]
[Notices]
[Pages 17102-17104]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-6987]


=======================================================================
-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-66617; File No. SR-ISE-2012-20]


Self-Regulatory Organizations; International Securities Exchange, 
LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule 
Change To Adopt a New Order Type

March 19, 2012.
    Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 
(the

[[Page 17103]]

``Act'') \1\ and Rule 19b-4 thereunder,\2\ notice is hereby given that 
on March 7, 2012, the International Securities Exchange, LLC (the 
``Exchange'' or the ``ISE'') filed with the Securities and Exchange 
Commission (the ``Commission'') the proposed rule change as described 
in Items I and II below, which Items have been prepared by the 
Exchange. The Commission is publishing this notice to solicit comments 
on the proposed rule change from interested persons.
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
---------------------------------------------------------------------------

I. Self-Regulatory Organization's Statement of the Terms of Substance 
of the Proposed Rule Change

    The Exchange proposes to amend Rule 715 (Types of Orders) to adopt 
a new order type. The text of the proposed rule change is available on 
the Exchange's Internet Web site at https://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 purpose of this proposed rule change is to provide an 
additional order type that will give market participants greater 
control over the circumstances in which their orders are executed.
    Some investors and market participants wish only to provide 
liquidity in certain circumstances, such as to receive a maker fee 
(rebate) upon execution of an order. To accommodate this strategy, the 
Exchange proposed to adopt a new order type called an add liquidity 
order (``ALO''). ALOs are limit orders that will only be executed as a 
``maker'' on the ISE. Members can choose whether an ALO that is 
executable on the ISE upon entry (or that locks or crosses an away 
market upon entry) will be cancelled or re-priced to one minimum price 
variation above the national best bid or below the national best offer. 
An Add Liquidity Order will only be re-priced once and will be executed 
at the re-priced price. While the Exchange expects to implement this 
new order type on May 14, 2012, this date is not certain and the 
Exchange will announce the specific operative date via an Information 
Circular.
    This order type is similar to order types available on NYSE 
Arca.\3\
---------------------------------------------------------------------------

    \3\ NYSE Arca offers a Liquidity Adding Order that is canceled 
if executable upon entry and a PNP Plus order that is re-priced if 
it is marketable upon entry, or would lock or cross an away market. 
See NYSE Arca Rule 6.62(t) and (y). See also, Securities Exchange 
Act Release Nos. 59603 (March 19, 2009), 74 FR 13279 (March 26, 
2009) (SR-NYSEArca-2009-21) (Notice of immediate effectiveness of 
the Liquidity Adding Order) and 49942 (June 29, 2004), 69 FR 41005 
(July 7, 2004) (SR-PCX-2004-12) (Order approving the PNP Plus 
order).
---------------------------------------------------------------------------

2. Statutory Basis
    The Exchange believes that the proposed rule change is consistent 
with the provisions of Section 6 of the Act,\4\ in general, and with 
Section 6(b)(5) of the Act,\5\ in particular, in that the proposal is 
designed to prevent fraudulent and manipulative acts and practices, to 
promote just and equitable principles of trade, to foster cooperation 
and coordination with persons engaged in regulating, clearing, settling 
processing information with respect to, and facilitating transactions 
in securities, 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. Specifically, the ALO order 
is designed to provide market participants with the ability to provide 
liquidity and have more control over their execution costs. When an ALO 
would lock or cross an away market price if placed on the ISE limit 
order book or be executed upon entry, it will either be cancelled or 
re-priced as designated. In addition, the ALO is designed to assure 
compliance with the Intermarket Linkage rules related to locked and 
crossed markets.\6\
---------------------------------------------------------------------------

    \4\ 15 U.S.C. 78f.
    \5\ 15 U.S.C. 78f(b)(5).
    \6\ Under the Options Order Protection and Locked/Crossed Market 
Plan (``Plan'') Members are required to reasonably avoid displaying, 
and shall not engage in a pattern or practice of displaying, any 
quotations that lock or cross a Protect [sic] Quotation. The Plan is 
a national market system plan that was approved by the Commission 
and by which all options exchanges must comply. See Securities 
Exchange Act Release Nos. 60405 (July 30, 2009), 74 FR 39362 (August 
6, 2009) (order approving the Plan); 60559 (August 21, 2009), 74 FR 
44425 (August 28, 2009) (order approving ISE Rules implementing the 
Plan).
---------------------------------------------------------------------------

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

    Because the foregoing proposed rule change does not significantly 
affect the protection of investors or the public interest, does not 
impose any significant burden on competition, and, by its terms, does 
not become operative for 30 days from the date on which it was filed, 
or such shorter time as the Commission may designate, it has become 
effective pursuant to Section 19(b)(3)(A) \7\ of the Act and Rule 19b-
4(f)(6) \8\ thereunder. The Exchange provided the Commission with 
written notice of its intent to file the proposed rule change, along 
with a brief description and text of the proposed rule change, at least 
five business days prior to the date of filing the proposed rule 
change.
---------------------------------------------------------------------------

    \7\ 15 U.S.C. 78s(b)(3)(A).
    \8\ 17 CFR 240.19b-4(f)(6).
---------------------------------------------------------------------------

    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 Exchange 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

[[Page 17104]]

Number SR-ISE-2012-20 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-ISE-2012-20. This file 
number should be included on the 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 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-ISE-2012-20 and should be 
submitted on or before April 13, 2012.
---------------------------------------------------------------------------

    \9\ 17 CFR 200.30-3(a)(12).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\9\
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2012-6987 Filed 3-22-12; 8:45 am]
BILLING CODE 8011-01-P
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