Self-Regulatory Organizations; NASDAQ OMX PHLX LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Rule 616, Electronic Filing Requirements for Uniform Forms, 32151-32153 [2012-13085]
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Federal Register / Vol. 77, No. 105 / Thursday, May 31, 2012 / Notices
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[FR Doc. 2012–13138 Filed 5–30–12; 8:45 am]
BILLING CODE 6325–39–P
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[FR Doc. 2012–13377 Filed 5–29–12; 4:15 pm]
BILLING CODE 7710–12–P
POSTAL SERVICE
Sunshine Act Meeting; Board of
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SECURITIES AND EXCHANGE
COMMISSION
Thursday, June 14,
2012, at 10 a.m.
PLACE: Washington, DC, at U.S. Postal
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STATUS: Closed.
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[Release No. 34–67053; File No. SR–Phlx–
2012–71]
Thursday, June 14, at 10:00 a.m.
(Closed)
May 24, 2012.
srobinson on DSK4SPTVN1PROD with NOTICES
DATES AND TIMES:
1. Strategic Issues.
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3. Pricing.
4. Personnel Matters and
Compensation Issues.
5. Governors’ Executive Session—
Discussion of prior agenda items and
Board Governance.
VerDate Mar<15>2010
17:53 May 30, 2012
Authorization
number
32151
Jkt 226001
Self-Regulatory Organizations;
NASDAQ OMX PHLX LLC; Notice of
Filing and Immediate Effectiveness of
Proposed Rule Change To Amend Rule
616, Electronic Filing Requirements for
Uniform Forms
Pursuant to Section 19(b)(1) of the
Securities Exchange Act of 1934
(‘‘Act’’),1 and Rule 19b–4 2 thereunder,
notice is hereby given that on May 18,
2012, NASDAQ OMX PHLX LLC
(‘‘Phlx’’ or ‘‘Exchange’’) filed with the
1 15
2 17
PO 00000
U.S.C. 78s(b)(1).
CFR 240.19b–4.
Frm 00071
Fmt 4703
Securities and Exchange Commission
(‘‘Commission’’) the proposed rule
change as described in Items I and II
below, which Items have been prepared
by the Exchange. The Exchange filed the
proposal as a ‘‘non-controversial’’
proposed rule change pursuant to
Section 19(b)(3)(A)(iii) of the Act 3 and
Rule 19b–4(f)(6) thereunder,4 which
renders the proposal effective upon
receipt of this filing by the Commission.
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 616, Electronic Filing
Requirements for Uniform Forms.
The text of the proposed rule change
is available on the Exchange’s Web site
at https://www.nasdaqtrader.com/micro.
aspx?id=PHLXRulefilings, at the
principal office of the Exchange, and at
the Commission’s Public Reference
Room.
3 15
4 17
Sfmt 4703
Effective date
U.S.C. 78s(b)(3)(A)(iii).
CFR 240.19b–4(f)(6).
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32152
Federal Register / Vol. 77, No. 105 / Thursday, May 31, 2012 / Notices
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
srobinson on DSK4SPTVN1PROD with NOTICES
1. Purpose
The purpose of the proposed rule
change is to correct Rule 616 to
correspond to amended Equity Floor
Procedure Advice (‘‘EFPA’’) A–7 and
Options Floor Procedure Advice
(‘‘OFPA’’) F–34 (together, the
‘‘Advices’’).5
Recently, the Exchange adopted Rule
616, Electronic Filing Requirements for
Uniform Forms, to provide that forms
required to be filed under the Rule 600
Series shall be filed electronically
through WebCRD and initial filings and
amendments of Forms U4 and U5 be
submitted electronically.6 Furthermore,
as part of the member organization’s
recordkeeping requirements, Rule 616
requires that it shall retain such records
for a period of not less than three years,
the first two years in an easily accessible
place, in accordance with Rule 17a–4
under the Act,7 and make such records
available promptly upon regulatory
request. In addition, every application
for registration filed with the Exchange
shall be kept current at all times by
supplementary amendments via
5 The Advices are administered pursuant to the
Exchange’s minor rule violation plan, which
specifies those uncontested minor rule violations
with sanctions not exceeding $2,500 that would not
be subject to the provisions of Rule 19d–1(c)(1)
under the Act. Rule 19d–1(c) allows SROs to submit
for Commission approval plans for the abbreviated
reporting of minor disciplinary infractions. Any
disciplinary action taken by an SRO against any
person for violation of a rule of the SRO which has
been designated as a minor rule violation pursuant
to such a plan will not be considered ‘‘final’’ for
purposes of Section 19(d)(1) of the Act if the
sanction imposed consists of a fine not exceeding
$2,500 and the sanctioned person has not sought an
adjudication, including a hearing, or otherwise
exhausted his administrative remedies. See 17 CFR
240.19d–1(c)(1).
6 See Securities Exchange Act Release No. 66840
(April 20, 2012), 77 FR 25003 (April 26, 2012) (SR–
Phlx–2012–23).
7 17 CFR 240.17a–4.
VerDate Mar<15>2010
17:53 May 30, 2012
Jkt 226001
electronic filing or such other process as
the Exchange may prescribe. Such
amendments shall be filed not later than
30 days after the applicant learns of the
facts or circumstances giving rise to the
need for the amendment.
The Exchange also amended OFPA F–
34 and EFPA A–7, both titled Failure to
Timely Submit Amendments to Form
U4, Form U5 and Form BD, to add
various new rule numbers, including
Rule 616. Each provides that any
member, and member organization that
is required to file Form U4, Form U5 or
Form BD pursuant to Exchange Rules
600, 611–613, 616, or 620, or the Act
and the rules promulgated thereunder,
is required to amend the applicable
Form U4, Form U5 or Form BD to keep
such forms current at all times.
Members, and member organizations
must amend Form U4, Form U5 or Form
BD not later than thirty (30) days after
the filer knew or should have known of
the facts which gave rise to the need for
the amendment.
When adopting Rule 616, the
language ‘‘or should have known of’’
was omitted from the rule, although it
appears in the Advices. As a result, a
member who should have known of the
facts which gave rise to the need for an
amendment to a Form U4, Form U5 or
a Form BD could be violating the
Advice, but not Rule 616. Because Rule
616 was intended to codify the
electronic filing requirements into a
single rule, the Exchange believes it is
preferable for the rule language to better
match the Advice language.
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
ensuring that the Exchange’s rules are
clear.
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.
8 15
9 15
PO 00000
U.S.C. 78f(b).
U.S.C. 78f(b)(5).
Frm 00072
Fmt 4703
Sfmt 4703
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
Because the foregoing proposed rule
change does not: (i) Significantly affect
the protection of investors or the public
interest; (ii) impose any significant
burden on competition; and (iii) become
operative for 30 days after the date of
the filing, or such shorter time as the
Commission may designate, it has
become effective pursuant to Section
19(b)(3)(A) of the Act 10 and Rule 19b–
4(f)(6) 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. If the
Commission takes such action, the
Commission shall institute proceedings
to determine whether the proposed rule
should be approved or disapproved.
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–
Phlx–2012–71 on the subject line.
Paper Comments
• Send paper comments in triplicate
to Elizabeth M. Murphy, Secretary,
Securities and Exchange Commission,
100 F Street NE., Washington, DC
20549–1090.
All submissions should refer to File
Number SR–Phlx–2012–71. This file
10 15
U.S.C. 78s(b)(3)(A).
CFR 240.19b–4(f)(6). In addition, Rule 19b–
4(f)(6) requires a self-regulatory organization to give
the Commission written notice of its intent to file
the proposed rule change at least five business days
prior to the date of filing of the proposed rule
change, or such shorter time as designated by the
Commission. The Exchange has satisfied this
requirement.
11 17
E:\FR\FM\31MYN1.SGM
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Federal Register / Vol. 77, No. 105 / Thursday, May 31, 2012 / Notices
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–Phlx–
2012–71 and should be submitted on or
before June 21, 2012.
2012, Fixed Income Clearing
Corporation (‘‘FICC’’) filed with the
Securities and Exchange Commission
(‘‘Commission’’) the proposed rule
change as described in Items I and II
below, which Items have been prepared
primarily by FICC. The Commission is
publishing this notice to solicit
comments on the proposed rule change
from interested persons.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.12
Kevin M. O’Neill,
Deputy Secretary.
(A) Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
A primary objective of GSD’s Clearing
Fund 4 is to have on deposit from each
applicable Member 5 assets sufficient to
satisfy losses that may otherwise be
incurred by GSD as the result of the
default of the Member and the resultant
close out of that Member’s unsettled
positions under GSD’s trade guaranty.
The required Clearing Fund deposit of
each Member is calculated twice daily 6
pursuant to a formula set forth in
Section 1b of GSD Rule 4 designed to
[FR Doc. 2012–13085 Filed 5–30–12; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–67059; File No. SR–FICC–
2012–04]
srobinson on DSK4SPTVN1PROD with NOTICES
Self-Regulatory Organizations; Fixed
Income Clearing Corporation; Notice of
Filing of Proposed Rule Change To
Clarify the Ability of the Government
Securities Division To Use Implied
Volatility Indicators as Part of the
Volatility Model in Its Clearing Fund
Formula
May 24, 2012.
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 May 15,
12 17
CFR 200.30–3(a)(12).
U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
1 15
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17:53 May 30, 2012
Jkt 226001
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
The Government Securities Division
(‘‘GSD’’) of FICC proposes to amend the
definition of VaR Charge in Rule 1 to
clarify the ability of FICC GSD to use
implied volatility indicators as part of
the volatility model in its clearing fund
formula.
II. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
In its filing with the Commission,
FICC 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. FICC has prepared
summaries, set forth in sections (A), (B),
and (C) below, of the most significant
aspects of these statements.3
3 The Commission has modified the text of the
summaries prepared by FICC.
4 FICC GSD Rule 1—Definitions provides that
‘‘[t]he term ‘Clearing Fund’ means the Clearing
Fund established by the Corporation pursuant to
these Rules, which shall be comprised of the
aggregate of all Required Fund Deposits and all
other deposits, including Cross-Guaranty
Repayment Deposits, to the Clearing Fund.’’
5 FICC GSD Rule 1—Definitions provides that
‘‘[t]he term ‘Member’ means a Comparison-Only
Member or a Netting Member. The term ‘Member’
shall include a Sponsoring Member in its capacity
as a Sponsoring Member and a Sponsored Member,
each to the extent specific in Rule 3A.’’
6 A Member’s Clearing Fund deposit may also be
recalculated on an intraday basis as needed.
PO 00000
Frm 00073
Fmt 4703
Sfmt 4703
32153
provide sufficient funds to cover this
risk of loss. The Clearing Fund formula
accounts for a variety of risk factors
through the application of a number of
components, each described in Section
1b of GSD Rule 4.
The volatility component of the
Clearing Fund formula is designed to
calculate the amount of money that may
be lost on a portfolio over a given period
of time assumed necessary to liquidate
the portfolio within a given level of
confidence. Pursuant to Section 1b of
Rule 4, GSD may calculate the volatility
component on a value at risk charge
(‘‘VaR Charge’’) ‘‘utilizing such
assumptions (including confidence
levels) and based on such historical data
as [GSD] deems reasonable, and shall
cover such range of historical volatility
as [GSD] from time to time deems
appropriate.’’ 7 FICC believes that
Section 1b of Rule 4 therefore provides
GSD with the flexibility to adjust the
calculation of the volatility component
of its Clearing Fund formula as needed
to react to changes in market conditions,
including through the use of such
assumptions and data as it deems
appropriate within its VaR Charge.
The historical simulation model
currently used to calculate the VaR
Charge in GSD’s Clearing Fund formula
is driven by historical data observed in
the fixed-income market. While the
model weighs the data it uses in favor
of more recent observations, it is still
limited in its ability to quickly reflect
sudden changes in market volatility,
which may lead to the collection of
insufficient margin during periods of
sudden market volatility.
GSD’s Clearing Fund formula, in
particular the VaR Charge, provides
GSD with the discretion to adjust the
model assumptions and data as
necessary to react to these market
conditions. To enhance the model’s
performance, additional information
and other observable market data,
including data derived from financial
products with future maturity dates,
thus may be incorporated into or
utilized by the volatility model,
including data observed in implied
volatility indicators that are derived
from historical prices of financial
products that have maturity dates in the
future (such as the 1-year option on the
10-year swap rate). For the avoidance of
doubt, this proposed rule change would
amend the definition of VaR Charge to
make clear that the assumptions and
data utilized in calculating the VaR
Charge may be based on observable
market data, which may include
7 FICC GSD Rule 1—Definitions defining the term
VaR Charge in relevant part.
E:\FR\FM\31MYN1.SGM
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]]>Agencies
[Federal Register Volume 77, Number 105 (Thursday, May 31, 2012)]
[Notices]
[Pages 32151-32153]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-13085]
=======================================================================
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-67053; File No. SR-Phlx-2012-71]
Self-Regulatory Organizations; NASDAQ OMX PHLX LLC; Notice of
Filing and Immediate Effectiveness of Proposed Rule Change To Amend
Rule 616, Electronic Filing Requirements for Uniform Forms
May 24, 2012.
Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934
(``Act''),\1\ and Rule 19b-4 \2\ thereunder, notice is hereby given
that on May 18, 2012, NASDAQ OMX PHLX LLC (``Phlx'' or ``Exchange'')
filed with the Securities and Exchange Commission (``Commission'') the
proposed rule change as described in Items I and II below, which Items
have been prepared by the Exchange. The Exchange filed the proposal as
a ``non-controversial'' proposed rule change pursuant to Section
19(b)(3)(A)(iii) of the Act \3\ and Rule 19b-4(f)(6) thereunder,\4\
which renders the proposal effective upon receipt of this filing by the
Commission. 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.
\3\ 15 U.S.C. 78s(b)(3)(A)(iii).
\4\ 17 CFR 240.19b-4(f)(6).
---------------------------------------------------------------------------
I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change
The Exchange proposes to amend Rule 616, Electronic Filing
Requirements for Uniform Forms.
The text of the proposed rule change is available on the Exchange's
Web site at https://www.nasdaqtrader.com/micro.aspx?id=PHLXRulefilings,
at the principal office of the Exchange, and at the Commission's Public
Reference Room.
[[Page 32152]]
II. Self-Regulatory Organization's Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule Change
In its filing with the Commission, the Exchange included statements
concerning the purpose of and basis for the proposed rule change and
discussed any comments it received on the proposed rule change. The
text of these statements may be examined at the places specified in
Item IV below. The Exchange has prepared summaries, set forth in
sections A, B, and C below, of the most significant aspects of such
statements.
A. Self-Regulatory Organization's Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule Change
1. Purpose
The purpose of the proposed rule change is to correct Rule 616 to
correspond to amended Equity Floor Procedure Advice (``EFPA'') A-7 and
Options Floor Procedure Advice (``OFPA'') F-34 (together, the
``Advices'').\5\
---------------------------------------------------------------------------
\5\ The Advices are administered pursuant to the Exchange's
minor rule violation plan, which specifies those uncontested minor
rule violations with sanctions not exceeding $2,500 that would not
be subject to the provisions of Rule 19d-1(c)(1) under the Act. Rule
19d-1(c) allows SROs to submit for Commission approval plans for the
abbreviated reporting of minor disciplinary infractions. Any
disciplinary action taken by an SRO against any person for violation
of a rule of the SRO which has been designated as a minor rule
violation pursuant to such a plan will not be considered ``final''
for purposes of Section 19(d)(1) of the Act if the sanction imposed
consists of a fine not exceeding $2,500 and the sanctioned person
has not sought an adjudication, including a hearing, or otherwise
exhausted his administrative remedies. See 17 CFR 240.19d-1(c)(1).
---------------------------------------------------------------------------
Recently, the Exchange adopted Rule 616, Electronic Filing
Requirements for Uniform Forms, to provide that forms required to be
filed under the Rule 600 Series shall be filed electronically through
WebCRD and initial filings and amendments of Forms U4 and U5 be
submitted electronically.\6\ Furthermore, as part of the member
organization's recordkeeping requirements, Rule 616 requires that it
shall retain such records for a period of not less than three years,
the first two years in an easily accessible place, in accordance with
Rule 17a-4 under the Act,\7\ and make such records available promptly
upon regulatory request. In addition, every application for
registration filed with the Exchange shall be kept current at all times
by supplementary amendments via electronic filing or such other process
as the Exchange may prescribe. Such amendments shall be filed not later
than 30 days after the applicant learns of the facts or circumstances
giving rise to the need for the amendment.
---------------------------------------------------------------------------
\6\ See Securities Exchange Act Release No. 66840 (April 20,
2012), 77 FR 25003 (April 26, 2012) (SR-Phlx-2012-23).
\7\ 17 CFR 240.17a-4.
---------------------------------------------------------------------------
The Exchange also amended OFPA F-34 and EFPA A-7, both titled
Failure to Timely Submit Amendments to Form U4, Form U5 and Form BD, to
add various new rule numbers, including Rule 616. Each provides that
any member, and member organization that is required to file Form U4,
Form U5 or Form BD pursuant to Exchange Rules 600, 611-613, 616, or
620, or the Act and the rules promulgated thereunder, is required to
amend the applicable Form U4, Form U5 or Form BD to keep such forms
current at all times. Members, and member organizations must amend Form
U4, Form U5 or Form BD not later than thirty (30) days after the filer
knew or should have known of the facts which gave rise to the need for
the amendment.
When adopting Rule 616, the language ``or should have known of''
was omitted from the rule, although it appears in the Advices. As a
result, a member who should have known of the facts which gave rise to
the need for an amendment to a Form U4, Form U5 or a Form BD could be
violating the Advice, but not Rule 616. Because Rule 616 was intended
to codify the electronic filing requirements into a single rule, the
Exchange believes it is preferable for the rule language to better
match the Advice language.
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 ensuring that the Exchange's rules are clear.
---------------------------------------------------------------------------
\8\ 15 U.S.C. 78f(b).
\9\ 15 U.S.C. 78f(b)(5).
---------------------------------------------------------------------------
B. Self-Regulatory Organization's Statement on Burden on Competition
The Exchange does not believe that the proposed rule change will
impose any burden on competition not necessary or appropriate in
furtherance of the purposes of the Act.
C. Self-Regulatory Organization's Statement on Comments on the Proposed
Rule Change Received From Members, Participants, or Others
No written comments were either solicited or received.
III. Date of Effectiveness of the Proposed Rule Change and Timing for
Commission Action
Because the foregoing proposed rule change does not: (i)
Significantly affect the protection of investors or the public
interest; (ii) impose any significant burden on competition; and (iii)
become operative for 30 days after the date of the filing, or such
shorter time as the Commission may designate, it has become effective
pursuant to Section 19(b)(3)(A) of the Act \10\ and Rule 19b-4(f)(6)
\11\ thereunder.
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\10\ 15 U.S.C. 78s(b)(3)(A).
\11\ 17 CFR 240.19b-4(f)(6). In addition, Rule 19b-4(f)(6)
requires a self-regulatory organization to give the Commission
written notice of its intent to file the proposed rule change at
least five business days prior to the date of filing of the proposed
rule change, or such shorter time as designated by the Commission.
The Exchange has satisfied this requirement.
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At any time within 60 days of the filing of the proposed rule
change, the Commission summarily may temporarily suspend such rule
change if it appears to the Commission that such action is necessary or
appropriate in the public interest, for the protection of investors, or
otherwise in furtherance of the purposes of the Act. If the Commission
takes such action, the Commission shall institute proceedings to
determine whether the proposed rule should be approved or disapproved.
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-Phlx-2012-71 on the subject line.
Paper Comments
Send paper comments in triplicate to Elizabeth M. Murphy,
Secretary, Securities and Exchange Commission, 100 F Street NE.,
Washington, DC 20549-1090.
All submissions should refer to File Number SR-Phlx-2012-71. This file
[[Page 32153]]
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-Phlx-2012-71 and should be submitted on
or before June 21, 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. 2012-13085 Filed 5-30-12; 8:45 am]
BILLING CODE 8011-01-P
