Self-Regulatory Organizations; C2 Options Exchange, Incorporated; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Its Fees Schedule, 31418-31420 [2012-12719]
Download as PDF
31418
Federal Register / Vol. 77, No. 102 / Friday, May 25, 2012 / Notices
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.
[FR Doc. 2012–12723 Filed 5–24–12; 8:45 am]
IV. Solicitation of Comments
BILLING CODE 8011–01–P
mstockstill on DSK4VPTVN1PROD with NOTICES
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 may be
submitted by using 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 No. SR–CME–2012–
18 on the subject line.
• Paper comments should be sent 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–CME–2012–18. 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
10:00 a.m. and 3:00 p.m. Copies of such
filing also will be available for
inspection and copying at the principal
office of CME. 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–CME–
2012–18 and should be submitted on or
before June 15, 2012.
VerDate Mar<15>2010
17:55 May 24, 2012
Jkt 226001
For the Commission by the Division of
Trading and Markets, pursuant to delegated
authority.10
Kevin M. O’Neill,
Deputy Secretary.
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–67034; File No. SR–
NYSEArca–2012–26]
Self-Regulatory Organizations; NYSE
Arca, Inc.; Notice of Designation of a
Longer Period for Commission Action
on Proposed Rule Change To List and
Trade Option Contracts Overlying 10
Shares of a Security (‘‘Mini-Options
Contracts’’) and Implement Rule Text
Necessary To Distinguish Mini-Options
Contracts From Option Contracts
Overlying 100 Shares of a Security
(‘‘Standard Contracts’’)
May 21, 2012.
On March 23, 2012, NYSE Arca, Inc.
(‘‘Exchange’’ or ‘‘NYSE Arca’’) filed
with the Securities and Exchange
Commission (‘‘Commission’’), pursuant
to Section 19(b)(1) of the Securities
Exchange Act of 1934 (‘‘Act’’) 1 and Rule
19b–4 thereunder,2 a proposed rule
change to list and trade option contracts
overlying 10 shares of a security (‘‘minioptions contracts’’) and implement rule
text necessary to distinguish minioptions contracts from option contracts
overlying 100 shares of a security
(‘‘standard contracts’’). The proposed
rule change was published for comment
in the Federal Register on April 9,
2012.3 The Commission received five
comment letters on the proposal.4
Section 19(b)(2) of the Act 5 provides
that, within 45 days of the publication
of notice of the filing of a proposed rule
change, or within such longer period up
10 17
CFR 200.30–3(a)(12).
U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
3 See Securities Exchange Act Release No. 66725
(April 3, 2012), 77 FR 21120.
4 See email from Danon Robinson, Founding
Partner, Toro Trading, LLC, dated April 5, 2012;
letter from Joan C. Conley, Senior Vice President
and Corporate Secretary, The NASDAQ OMX
Group, Inc., to Elizabeth M. Murphy, Secretary,
Commission, dated April 30, 2012; letter from
Manisha Kimmel, Executive Director, Financial
Information Forum, to Elizabeth M. Murphy,
Secretary, Commission, dated April 30, 2012; letter
from Christopher Nagy, Managing Director Order
Routing and Market Data Strategy, TD Ameritrade,
Inc., to Elizabeth M. Murphy, Secretary,
Commission, dated April 30, 2012; and letter from
Edward T. Tilly, President and Chief Operating
Officer, Chicago Board Options Exchange,
Incorporated, to Elizabeth M. Murphy, Secretary,
Commission, dated April 30, 2012.
5 15 U.S.C. 78s(b)(2).
1 15
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Frm 00129
Fmt 4703
Sfmt 4703
to 90 days as the Commission may
designate if it finds such longer period
to be appropriate and publishes its
reasons for so finding or as to which the
self-regulatory organization consents,
the Commission shall either approve the
proposed rule change, disapprove the
proposed rule change, or institute
proceedings to determine whether the
proposed rule change should be
disapproved. The 45th day for this filing
is May 24, 2012. The Commission is
extending this 45-day time period.
The Commission finds that it is
appropriate to designate a longer period
within which to take action on the
proposed rule change so that it has
sufficient time to consider the proposed
rule change, the comment letters
received, and any response to the
comment letters submitted by NYSE
Arca.
Accordingly, the Commission,
pursuant to Section 19(b)(2) of the Act,6
designates July 8, 2012 as the date by
which the Commission should either
approve or disapprove, or institute
proceedings to determine whether to
disapprove, the proposed rule change
(File No. SR–NYSEArca–2012–26).
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.7
Kevin M. O’Neill,
Deputy Secretary.
[FR Doc. 2012–12721 Filed 5–24–12; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–67023; File No. SR–C2–
2012–013]
Self-Regulatory Organizations; C2
Options Exchange, Incorporated;
Notice of Filing and Immediate
Effectiveness of a Proposed Rule
Change To Amend Its Fees Schedule
May 18, 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 May 14,
2012, 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 prepared by the Exchange.
The Commission is publishing this
notice to solicit comments on the
6 15
U.S.C. 78s(b)(2).
CFR 200.30–3(a)(31).
1 15 U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
7 17
E:\FR\FM\25MYN1.SGM
25MYN1
Federal Register / Vol. 77, No. 102 / Friday, May 25, 2012 / Notices
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 its
Fees Schedule. The text of the proposed
rule change is available on the
Exchange’s Web site (https://
www.c2exchange.com/Legal/), at the
Exchange’s Office of the Secretary, 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
mstockstill on DSK4VPTVN1PROD with NOTICES
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-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,
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).
VerDate Mar<15>2010
17:55 May 24, 2012
Jkt 226001
31419
the Exchange extended that waiver
through December 31, 2011.5 The
Exchange then extended that waiver
once again through February 29, 2012 6
and May 31, 2012.7 The Exchange
hereby proposes continuing that waiver
for three months through August 31,
2012. 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.
The proposed rule change is to take
effect on June 1, 2012.
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) 10 of the Act and paragraph
(f) of Rule 19b–4 11 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.
2. Statutory Basis
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:
The proposed rule change is
consistent with Section 6(b) of the Act,8
in general, and furthers the objectives of
Section 6(b)(4) 9 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 3-month period, and is
equitable and not unfairly
discriminatory because all MarketMakers with an SPXPM Tier
Appointment will be able to avoid
paying the SPXPM Tier Appointment
Fee through August 31, 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 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 neither solicited nor
received comments on the proposed
rule change.
5 See Securities Exchange Act Release No. 34–
65874 (December 2, 2011), 76 FR 76785 (December
8, 2011) (SR–C2–2011–037).
6 See Securities Exchange Act Release No. 34–
66140 (January 12, 2012), 77 FR 2772 (January 19,
2012) (SR–C2–2012–002).
7 See Securities Exchange Act Release No. 34–
66472 (February 27, 2012), 77 FR 12898 (March 2,
2012) (SR–C2–2012–008).
8 15 U.S.C. 78f(b).
9 15 U.S.C. 78f(b)(4).
PO 00000
Frm 00130
Fmt 4703
Sfmt 4703
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–C2–2012–013 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–C2–2012–013. 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
10 15
11 17
E:\FR\FM\25MYN1.SGM
U.S.C. 78s(b)(3)(A).
CFR 240.19b–4(f).
25MYN1
31420
Federal Register / Vol. 77, No. 102 / Friday, May 25, 2012 / Notices
business days between the hours of
10:00 a.m. and 3:00 p.m. Copies of such
filing will also 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 No. SR–C2–2012–
013 and should be submitted on or
before June 15, 2012.
Therefore, it is ordered, pursuant to
Section 12(k) of the Securities Exchange
Act of 1934, that trading in the
securities of the above-listed companies
is suspended for the period from 9:30
a.m. EDT on May 23, 2012, through
11:59 p.m. EDT on June 6, 2012.
By the Commission.
Jill M. Peterson,
Assistant Secretary.
If you require accommodations
because of a disability, please contact
the Office of Veterans Business
Development at (202) 205–6773 at least
two weeks in advance.
Dated: May 16, 2012.
Dan S. Jones,
SBA Committee Management Officer.
[FR Doc. 2012–12695 Filed 5–24–12; 8:45 am]
BILLING CODE P
[FR Doc. 2012–12899 Filed 5–23–12; 11:15 am]
BILLING CODE 8011–01–P
DEPARTMENT OF STATE
SMALL BUSINESS ADMINISTRATION
[Public Notice 7895]
Advisory Committee on Veterans
Business Affairs
Culturally Significant Objects Imported
for Exhibition
BILLING CODE 8011–01–P
U.S. Small Business
Administration.
ACTION: Notice of open Federal Advisory
Committee Meeting.
SECURITIES AND EXCHANGE
COMMISSION
SUMMARY:
Determinations: ‘‘Alighiero Boetti:
Game Plan’’
SUMMARY: 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, 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 ‘‘Alighiero
Boetti: Game Plan’’ 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, NY, from on or
about July 1, 2012, until on or about
October 1, 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 Julie
Simpson, Attorney-Adviser, Office of
the Legal Adviser, U.S. Department of
State (telephone: 202–632–6467). The
mailing address is U.S. Department of
State, SA–5, L/PD, Fifth Floor (Suite
5H03), Washington, DC 20522–0505.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.12
Kevin M. O’Neill,
Deputy Secretary.
[FR Doc. 2012–12719 Filed 5–24–12; 8:45 am]
[File No. 500–1]
In the Matter of Savoy Resources
Corp., SNRG Corp., Standard Mobile,
Inc., and VTEX Energy, Inc.; Order of
Suspension of Trading
mstockstill on DSK4VPTVN1PROD with NOTICES
May 23, 2012.
It appears to the Securities and
Exchange Commission that there is a
lack of current and accurate information
concerning the securities of Savoy
Resources Corp. because it has not filed
any periodic reports since the period
ended March 31, 2006.
It appears to the Securities and
Exchange Commission that there is a
lack of current and accurate information
concerning the securities of SNRG Corp.
because it has not filed any periodic
reports since the period ended June 30,
2006.
It appears to the Securities and
Exchange Commission that there is a
lack of current and accurate information
concerning the securities of Standard
Mobile, Inc. because it has not filed any
periodic reports since the period ended
March 31, 2009.
It appears to the Securities and
Exchange Commission that there is a
lack of current and accurate information
concerning the securities of VTEX
Energy, Inc. because it has not filed any
periodic reports since the period ended
July 31, 2006.
The Commission is of the opinion that
the public interest and the protection of
investors require a suspension of trading
in the securities of the above-listed
companies.
12 17
CFR 200.30–3(a)(12).
VerDate Mar<15>2010
17:55 May 24, 2012
Jkt 226001
AGENCY:
The SBA is issuing this notice
to announce the location, date, time,
and agenda for the next meeting of the
Advisory Committee on Veterans
Business Affairs. The meeting will be
open to the public.
DATES: June 4, 2012 from 9 a.m. to
5 p.m. in the Eisenhower Conference
room, side B, located on the 2nd floor.
ADDRESSES: U.S. Small Business
Administration, 409 3rd Street SW.,
Washington, DC 20416.
SUPPLEMENTARY INFORMATION: Pursuant
to section 10(a) (2) of the Federal
Advisory Committee Act (5 U.S.C.,
Appendix 2), SBA announces the
meeting of the Advisory Committee on
Veterans Business Affairs. The Advisory
Committee on Veterans Business Affairs
serves as an independent source of
advice and policy recommendation to
the Administrator of the U.S. Small
Business Administration. The purpose
of this meeting is to focus on framing
the discussion for policy and programs
that encompasses government support
of veterans’ entrepreneurship. For
information regarding our veterans’
resources and partners, please visit our
Web site at www.sba.gov/vets.
FOR FURTHER INFORMATION CONTACT: The
meeting is open to the public. Anyone
wishing to attend this meeting or to
make a presentation to the Advisory
Committee on Veterans Business
Affairs, advance notice is requested.
Please contact Cheryl Simms, Program
Liaison, at the U.S. Small Business
Administration, Office of Veterans
Business Development, 409 3rd Street,
SW., Washington, DC 20416; Telephone
number: (202) 619–1697; Fax number
(202) 481–6085 or by email at
cheryl.simms@sba.gov.
PO 00000
Frm 00131
Fmt 4703
Sfmt 9990
Dated: May 18, 2012.
J. Adam Ereli,
Principal Deputy Assistant Secretary, Bureau
of Educational and Cultural Affairs,
Department of State.
[FR Doc. 2012–12831 Filed 5–24–12; 8:45 am]
BILLING CODE 4710–05–P
E:\FR\FM\25MYN1.SGM
25MYN1
Agencies
[Federal Register Volume 77, Number 102 (Friday, May 25, 2012)]
[Notices]
[Pages 31418-31420]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-12719]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-67023; File No. SR-C2-2012-013]
Self-Regulatory Organizations; C2 Options Exchange, Incorporated;
Notice of Filing and Immediate Effectiveness of a Proposed Rule Change
To Amend Its Fees Schedule
May 18, 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 May 14, 2012, 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 prepared by the
Exchange. The Commission is publishing this notice to solicit comments
on the
[[Page 31419]]
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 its Fees Schedule. The text of the
proposed rule change is available on the Exchange's Web site (https://www.c2exchange.com/Legal/), at the Exchange's Office of the Secretary,
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
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 then extended that waiver once again through
February 29, 2012 \6\ and May 31, 2012.\7\ The Exchange hereby proposes
continuing that waiver for three months through August 31, 2012. 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).
\6\ See Securities Exchange Act Release No. 34-66140 (January
12, 2012), 77 FR 2772 (January 19, 2012) (SR-C2-2012-002).
\7\ See Securities Exchange Act Release No. 34-66472 (February
27, 2012), 77 FR 12898 (March 2, 2012) (SR-C2-2012-008).
---------------------------------------------------------------------------
The proposed rule change is to take effect on June 1, 2012.
2. Statutory Basis
The proposed rule change is consistent with Section 6(b) of the
Act,\8\ in general, and furthers the objectives of Section 6(b)(4) \9\
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 3-month period, 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 August 31, 2012.
---------------------------------------------------------------------------
\8\ 15 U.S.C. 78f(b).
\9\ 15 U.S.C. 78f(b)(4).
---------------------------------------------------------------------------
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 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 neither solicited nor received comments on the
proposed rule change.
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) \10\ of the Act and paragraph (f) of Rule 19b-4 \11\
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.
---------------------------------------------------------------------------
\10\ 15 U.S.C. 78s(b)(3)(A).
\11\ 17 CFR 240.19b-4(f).
---------------------------------------------------------------------------
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-C2-2012-013 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-C2-2012-013. 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
[[Page 31420]]
business days between the hours of 10:00 a.m. and 3:00 p.m. Copies of
such filing will also 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 No. SR-C2-2012-013 and should be submitted on or before June 15,
2012.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\12\
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\12\ 17 CFR 200.30-3(a)(12).
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Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2012-12719 Filed 5-24-12; 8:45 am]
BILLING CODE 8011-01-P