Self-Regulatory Organizations; ICE Clear Credit LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Amend Schedule 502 of the ICC Rules for the March 20, 2013 and March 27, 2013 Scheduled Index Series Listings, 19561-19562 [2013-07474]
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Federal Register / Vol. 78, No. 62 / Monday, April 1, 2013 / Notices
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–BATS–2013–021 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.
pmangrum on DSK3VPTVN1PROD with NOTICES
All submissions should refer to File
Number SR–BATS–2013–021. 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 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–BATS–
2013–021 and should be submitted on
or before April 22, 2013.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.13
Elizabeth M. Murphy,
Secretary.
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–69239; File No. SR–ICC–
2013–04]
Self-Regulatory Organizations; ICE
Clear Credit LLC; Notice of Filing and
Immediate Effectiveness of Proposed
Rule Change to Amend Schedule 502
of the ICC Rules for the March 20, 2013
and March 27, 2013 Scheduled Index
Series Listings
March 26, 2013.
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 March 12,
2013, ICE Clear Credit LLC (‘‘ICC’’) filed
with the Securities and Exchange
Commission (‘‘Commission’’) the
proposed rule change as described in
Items I, II, and III below, which Items
have been prepared primarily by ICC.
ICC filed the proposed rule change
pursuant to Section 19(b)(3)(A) of the
Act 3 and Rule 19b–4(f)(4)(i) 4
thereunder so that the rule change was
effective upon filing with 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 purpose of the proposed rule
change is to update Schedule 502 of the
ICC Rules in order to be consistent with
the scheduled index series listings
occurring on March 20, 2013, and
March 27, 2013.
II. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
In its filing with the Commission, ICC
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. ICC has prepared
summaries, set forth in sections A, B,
and C below, of the most significant
aspects of these statements.
[FR Doc. 2013–07471 Filed 3–29–13; 8:45 am]
1 15
U.S.C. 78s(b)(1).
CFR 240.19b–4.
3 15 U.S.C. 78s(b)(3)(A).
4 17 CFR 240.19b–4(f)(4)(i).
BILLING CODE 8011–01–P
13 17
VerDate Mar<15>2010
15:34 Mar 29, 2013
A. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
The purpose of the proposed rule
change is to update Schedule 502 of the
ICC Rules in order to be consistent with
the scheduled index series listings
occurring on March 20, 2013, and
March 27, 2013. The credit default swap
indices scheduled to be listed (the
‘‘Scheduled Indices’’) are: North
American Investment Grade, Series 20,
3-, 5-, 7- and 10-year to be listed on
March 20, 2013; Emerging Markets,
Series 19, 5-year to be listed on March
20, 2013; North American High Yield,
Series 20, 5-year to be listed on March
27, 2013; European iTraxx Main Series
19, 5- and 10-year to be listed on March
20, 2013; European iTraxx XOver Series
19, 5-year to be listed on March 20,
2013; and European iTraxx HiVol Series
19, 5-year to be listed on March 20,
2013. The Scheduled Indices update
does not require any changes to the
body of the ICC Rules. Also, the
Scheduled Indices update does not
require any changes to the ICC risk
management framework. The only
change being submitted is the update to
the Scheduled Indices in Schedule 502
of the ICC Rules.
ICC believes that the update to the
Scheduled Indices is consistent with the
purposes and requirements of Section
17A of the Act 5 and the rules and
regulations thereunder applicable to ICC
because it will facilitate the prompt and
accurate settlement of derivatives
agreements.
B. Self-Regulatory Organization’s
Statement on Burden on Competition
ICC does not believe the proposed
rule change would have any impact, or
impose any burden, on competition.
C. Self-Regulatory Organization’s
Statement on Comments on the
Proposed Rule Change Received From
Members, Participants or Others
Written comments relating to the
proposed rule change have not been
solicited or received. ICC will notify the
Commission of any written comments
received by ICC.
III. Date of Effectiveness of the
Proposed Rule Change and Timing for
Commission Action
The foregoing rule change has become
effective upon filing pursuant to Section
19(b)(3)(A) of the Act 6 and Rule 19b–
2 17
CFR 200.30–3(a)(12).
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5 15
6 15
E:\FR\FM\01APN1.SGM
U.S.C. 78q–1.
U.S.C. 78s(b)(3)(A).
01APN1
19562
Federal Register / Vol. 78, No. 62 / Monday, April 1, 2013 / Notices
4(f)(4)(i) 7 thereunder because updating
the Scheduled Indices effects a change
in an existing service of ICC that does
not adversely affect the safeguarding of
securities or funds in the custody or
control of ICC or for which it is
responsible, and does not significantly
affect the respective rights or obligations
of ICC or the persons using the service.
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:
pmangrum on DSK3VPTVN1PROD with NOTICES
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–ICC–2013–04 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–ICC–2013–04. 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 the
filing also will be available for
inspection and copying at the principal
office of ICC and on ICC’s Web site at
https://www.theice.com/publicdocs/
regulatory_filings/
ICEClearCredit_031113.pdf.
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–ICC–2013–04 and should
be submitted on or before April 22,
2013.
Exchange’s Internet Web site at https://
boxexchange.com.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.8
Elizabeth M. Murphy,
Secretary.
A. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
[FR Doc. 2013–07474 Filed 3–29–13; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–69240; File No. SR–BOX–
2013–18]
Self-Regulatory Organizations; BOX
Options Exchange LLC; Notice of
Filing and Immediate Effectiveness of
Proposed Rule Change to Amend IM–
5050–10 (Mini Options Contracts)
March 26, 2013.
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 March 22,
2013, BOX Options Exchange LLC
(‘‘BOX’’ 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 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 IM–
5050–10 (Mini Options Contracts). The
text of the proposed rule change is
available from the principal office of the
Exchange, at the Commission’s Public
Reference Room and also on the
8 17
CFR 200.30–3(a)(12).
U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
1 15
7 17
CFR 240.19b–4(f)(4)(i).
VerDate Mar<15>2010
15:34 Mar 29, 2013
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Sfmt 4703
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.
1. Purpose
The Exchange proposes to amend its
rules related to Mini Options traded on
the Exchange. Mini Options overlie 10
equity or ETF shares, rather than the
standard 100 shares.3 Mini Options are
currently approved on the following five
(5) underlying securities: SPDR S&P 500
ETF (‘‘SPY’’), Apple Inc. (‘‘AAPL’’),
SPDR Gold Trust (‘‘GLD’’), Google Inc.
(‘‘GOOG’’), and Amazon.com, Inc.
(‘‘AMZN’’). This is a competitive filing
that is based on a proposal recently filed
for immediate effectiveness by the
International Securities Exchange
(‘‘ISE’’).4
The purpose of this proposed rule
change is to amend IM–5050–10 (Mini
Options Contracts) to codify the
minimum contract threshold
requirement for the execution of Mini
Options in the Exchange’s Facilitation
Auction and Solicitation Auction. The
Facilitation Auction is a process by
which an OFP can attempt to execute a
transaction wherein the OFP seeks to
facilitate a block-size order it represents
as agent (‘‘Agency Order’’), and/or a
transaction wherein the OFP solicited
interest to execute against an Agency
Order. OFPs must be willing to execute
the entire size of Agency Orders entered
into the Facilitation Auction through
the submission of a contra ‘‘Facilitation
Order’’.5 Block-size orders are orders for
3 See Securities Exchange Act Release No. 68771
(January 30, 2013), 78 FR 8208 (February 5, 2013)
(SR–BOX–2013–07). The Exchange began trading
Mini Options on March 18, 2013.
4 See Securities Exchange Act Release No. 69163
(March 18, 2013), 78 FR 17733 (March 22, 2013)
[sic] (Notice of Filing and Immediate Effectiveness
of SR–ISE–2013–23).
5 See BOX Rule 7270(a).
E:\FR\FM\01APN1.SGM
01APN1
]]>Agencies
[Federal Register Volume 78, Number 62 (Monday, April 1, 2013)]
[Notices]
[Pages 19561-19562]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-07474]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-69239; File No. SR-ICC-2013-04]
Self-Regulatory Organizations; ICE Clear Credit LLC; Notice of
Filing and Immediate Effectiveness of Proposed Rule Change to Amend
Schedule 502 of the ICC Rules for the March 20, 2013 and March 27, 2013
Scheduled Index Series Listings
March 26, 2013.
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 March 12, 2013, ICE Clear Credit LLC (``ICC'') filed with the
Securities and Exchange Commission (``Commission'') the proposed rule
change as described in Items I, II, and III below, which Items have
been prepared primarily by ICC. ICC filed the proposed rule change
pursuant to Section 19(b)(3)(A) of the Act \3\ and Rule 19b-4(f)(4)(i)
\4\ thereunder so that the rule change was effective upon filing with
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).
\4\ 17 CFR 240.19b-4(f)(4)(i).
---------------------------------------------------------------------------
I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change
The purpose of the proposed rule change is to update Schedule 502
of the ICC Rules in order to be consistent with the scheduled index
series listings occurring on March 20, 2013, and March 27, 2013.
II. Self-Regulatory Organization's Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule Change
In its filing with the Commission, ICC 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. ICC has prepared summaries, set forth in sections A, B,
and C below, of the most significant aspects of these statements.
A. Self-Regulatory Organization's Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule Change
The purpose of the proposed rule change is to update Schedule 502
of the ICC Rules in order to be consistent with the scheduled index
series listings occurring on March 20, 2013, and March 27, 2013. The
credit default swap indices scheduled to be listed (the ``Scheduled
Indices'') are: North American Investment Grade, Series 20, 3-, 5-, 7-
and 10-year to be listed on March 20, 2013; Emerging Markets, Series
19, 5-year to be listed on March 20, 2013; North American High Yield,
Series 20, 5-year to be listed on March 27, 2013; European iTraxx Main
Series 19, 5- and 10-year to be listed on March 20, 2013; European
iTraxx XOver Series 19, 5-year to be listed on March 20, 2013; and
European iTraxx HiVol Series 19, 5-year to be listed on March 20, 2013.
The Scheduled Indices update does not require any changes to the body
of the ICC Rules. Also, the Scheduled Indices update does not require
any changes to the ICC risk management framework. The only change being
submitted is the update to the Scheduled Indices in Schedule 502 of the
ICC Rules.
ICC believes that the update to the Scheduled Indices is consistent
with the purposes and requirements of Section 17A of the Act \5\ and
the rules and regulations thereunder applicable to ICC because it will
facilitate the prompt and accurate settlement of derivatives
agreements.
---------------------------------------------------------------------------
\5\ 15 U.S.C. 78q-1.
---------------------------------------------------------------------------
B. Self-Regulatory Organization's Statement on Burden on Competition
ICC does not believe the proposed rule change would have any
impact, or impose any burden, on competition.
C. Self-Regulatory Organization's Statement on Comments on the Proposed
Rule Change Received From Members, Participants or Others
Written comments relating to the proposed rule change have not been
solicited or received. ICC will notify the Commission of any written
comments received by ICC.
III. Date of Effectiveness of the Proposed Rule Change and Timing for
Commission Action
The foregoing rule change has become effective upon filing pursuant
to Section 19(b)(3)(A) of the Act \6\ and Rule 19b-
[[Page 19562]]
4(f)(4)(i) \7\ thereunder because updating the Scheduled Indices
effects a change in an existing service of ICC that does not adversely
affect the safeguarding of securities or funds in the custody or
control of ICC or for which it is responsible, and does not
significantly affect the respective rights or obligations of ICC or the
persons using the service. At any time within 60 days of the filing of
the proposed rule change, the Commission summarily may temporarily
suspend such rule change if it appears to the Commission that such
action is necessary or appropriate in the public interest, for the
protection of investors, or otherwise in furtherance of the purposes of
the Act.
---------------------------------------------------------------------------
\6\ 15 U.S.C. 78s(b)(3)(A).
\7\ 17 CFR 240.19b-4(f)(4)(i).
---------------------------------------------------------------------------
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-ICC-2013-04 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-ICC-2013-04. 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 the filing also will be available
for inspection and copying at the principal office of ICC and on ICC's
Web site at https://www.theice.com/publicdocs/regulatory_filings/ICEClearCredit_031113.pdf.
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-ICC-2013-04
and should be submitted on or before April 22, 2013.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\8\
---------------------------------------------------------------------------
\8\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------
Elizabeth M. Murphy,
Secretary.
[FR Doc. 2013-07474 Filed 3-29-13; 8:45 am]
BILLING CODE 8011-01-P
