Self-Regulatory Organizations; Notice of Filing and Immediate Effectiveness of Proposed Rule Change by Chicago Board Options Exchange, Incorporated Relating to Fees for the BBO Data Feed for Securities Traded on the CBOE Stock Exchange; Correction, 26413 [2013-10627]

Download as PDF Federal Register / Vol. 78, No. 87 / Monday, May 6, 2013 / Notices institution and settlement of administrative proceedings; and other matters relating to enforcement proceedings. At times, changes in Commission priorities require alterations in the scheduling of meeting items. For further information and to ascertain what, if any, matters have been added, deleted or postponed, please contact the Office of the Secretary at (202) 551–5400. Dated: May 2, 2013. Elizabeth M. Murphy, Secretary. BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–69399A; File No. SR– CBOE–2013–039] Self-Regulatory Organizations; Notice of Filing and Immediate Effectiveness of Proposed Rule Change by Chicago Board Options Exchange, Incorporated Relating to Fees for the BBO Data Feed for Securities Traded on the CBOE Stock Exchange; Correction April 30, 2013. Securities and Exchange Commission. ACTION: Notice; correction. AGENCY: The Securities and Exchange Commission published a document in the Federal Register of April 24, 2013 concerning a Notice of Filing and Immediate Effectiveness of Proposed Rule Change by Chicago Board Options Exchange, Incorporated Relating to Fees for the BBO Data Feed for Securities Traded on the CBOE Stock Exchange. The document mistakenly includes a reference to NYSE Arca, Inc. in the heading. SUMMARY: FOR FURTHER INFORMATION CONTACT: Jonathan Balcom, Division of Trading and Markets, Securities and Exchange Commission, 100 F Street NE., Washington, DC 20549, (202) 551–5737. mstockstill on DSK4VPTVN1PROD with NOTICES Correction In the Federal Register of April 24, 2013, in FR Doc. 2013–09627, on page 24258, in the 45th line of the third column, the heading is corrected to delete ‘‘NYSE Arca, Inc.’’ Kevin M. O’Neill, Deputy Secretary. [FR Doc. 2013–10627 Filed 5–3–13; 8:45 am] BILLING CODE 8011–01–P 17:06 May 03, 2013 [Release No. 34–69480; File No. SR–OCC– 2013–04] Self-Regulatory Organizations; The Options Clearing Corporation; Notice of Filing of Proposed Rule Change to Change the Expiration Date For Most Option Contracts to the Third Friday of the Expiration Month Instead of the Saturday Following the Third Friday April 30, 2013. [FR Doc. 2013–10849 Filed 5–2–13; 4:15 pm] VerDate Mar<15>2010 SECURITIES AND EXCHANGE COMMISSION Jkt 229001 Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (‘‘Exchange Act’’),1 and Rule 19b–4 thereunder,2 notice is hereby given that on April 17, 2013 The Options Clearing Corporation (‘‘OCC’’) filed with the Securities and Exchange Commission (‘‘Commission’’) the proposed rule change as described in Items I and II below, which Items have been substantially prepared by the clearing agency.3 The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons. I. Clearing Agency’s Statement of the Terms of Substance of the Proposed Rule Change This proposed rule change would allow OCC to change the expiration date for most option contracts to the third Friday of the expiration month instead of the Saturday following the third Friday. II. Clearing Agency’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change In its filing with the Commission, the clearing agency 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 clearing agency has prepared summaries, set forth in sections A, B, and C below, of the most significant aspects of such statements.4 1 15 U.S.C. 78s(b)(1). CFR 240.19b–4. 3 OCC also filed the proposed rule change as an advance notice under Section 806(e)(1) of Title VIII of the Dodd-Frank Wall Street Reform and Consumer Protection Act (‘‘Dodd-Frank Act’’) entitled the Payment, Clearing, and Settlement Supervision Act of 2010 (‘‘Clearing Supervision Act’’). 12 U.S.C. 5465(e)(1); SR–OCC–2013–802. 4 The Commission has modified the text of the summaries prepared by the clearing agency. 2 17 PO 00000 Frm 00098 Fmt 4703 Sfmt 4703 26413 (A) Clearing Agency’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change Most option contracts (‘‘Standard Expiration Contracts’’) currently expire at the ‘‘expiration time’’ (11:59 p.m. Eastern Time) on the Saturday following the third Friday of the specified expiration month (‘‘Expiration Date’’).5 The purpose of this proposed rule change is to change the Expiration Date for Standard Expiration Contracts to the third Friday of the expiration month. (The expiration time would continue to be 11:59 p.m. Eastern Time on the Expiration Date.) The proposed change would apply only to Standard Expiration Contracts expiring after February 1, 2015, and OCC does not propose to change the Expiration Date for any outstanding option contract. The proposed change will apply only to series of option contracts opened for trading after the effective date of this proposed rule change and having Expiration Dates later than February 1, 2015. Option contracts having nonstandard expiration dates (‘‘Nonstandard Expiration Contracts’’) will be unaffected by this proposed rule change.6 In order to provide a smooth transition to the Friday expiration, OCC would, beginning June 21, 2013, move the expiration exercise procedures to Friday for all Standard Expiration Contracts even though the contracts would continue to expire on Saturday. After February 1, 2015, virtually all Standard Expiration Contracts will actually expire on Friday. The only Standard Expiration Contracts that will expire on a Saturday after February 1, 2015 are certain options that were listed prior to the effectiveness of this rule change, and a limited number of options that may be listed prior to necessary systems changes of the options exchanges, which are expected to be completed in August 2013. The exchanges have agreed that once these systems changes are made they will not open for trading any new series of option contracts with Saturday expiration dates falling after February 1, 2015. Background Saturday was established as the standard Expiration Date for OCCcleared options primarily in order to allow sufficient time for processing of 5 See the definition of ‘‘expiration time’’ in Article I of OCC’s By-Laws. 6 Examples of options with Non-standard Expiration Contracts include flex options, quarterly, monthly and weekly options, where the expiration exercise processing for such options presently occurs on a weekday. E:\FR\FM\06MYN1.SGM 06MYN1

Agencies

SECURITIES AND EXCHANGE COMMISSION

[Federal Register Volume 78, Number 87 (Monday, May 6, 2013)]
[Notices]
[Page 26413]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-10627]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-69399A; File No. SR-CBOE-2013-039]


Self-Regulatory Organizations; Notice of Filing and Immediate 
Effectiveness of Proposed Rule Change by Chicago Board Options 
Exchange, Incorporated Relating to Fees for the BBO Data Feed for 
Securities Traded on the CBOE Stock Exchange; Correction

April 30, 2013.
AGENCY: Securities and Exchange Commission.

ACTION: Notice; correction.

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SUMMARY: The Securities and Exchange Commission published a document in 
the Federal Register of April 24, 2013 concerning a Notice of Filing 
and Immediate Effectiveness of Proposed Rule Change by Chicago Board 
Options Exchange, Incorporated Relating to Fees for the BBO Data Feed 
for Securities Traded on the CBOE Stock Exchange. The document 
mistakenly includes a reference to NYSE Arca, Inc. in the heading.

FOR FURTHER INFORMATION CONTACT: Jonathan Balcom, Division of Trading 
and Markets, Securities and Exchange Commission, 100 F Street NE., 
Washington, DC 20549, (202) 551-5737.

Correction

    In the Federal Register of April 24, 2013, in FR Doc. 2013-09627, 
on page 24258, in the 45th line of the third column, the heading is 
corrected to delete ``NYSE Arca, Inc.''

Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2013-10627 Filed 5-3-13; 8:45 am]
BILLING CODE 8011-01-P

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