Self-Regulatory Organizations; BOX Options Exchange LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend BOX Rule 3150 (Reports Related to Position Limits), 38087-38089 [2013-15084]
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Federal Register / Vol. 78, No. 122 / Tuesday, June 25, 2013 / Notices
significant hazards consideration
determination.
The Commission’s related evaluation
of the amendment is contained in a
Safety Evaluation dated June 4, 2013.
No significant hazards consideration
comments received: No.
Week of July 1, 2013—Tentative
South Carolina Electric and Gas. Docket
Nos. 52–027 and 52–028, Virgil C.
Summer Nuclear Station (VCSNS),
Units 3 and 4, Fairfield County, South
Carolina
9:30 a.m. Briefing on Security Issues
(Closed—Ex. 1)
Date of amendment request: February
14, 2013.
Brief description of amendment: The
amendment authorizes a departure from
the Virgil C. Summer Nuclear Station,
Units 2 and 3 plant-specific Design
Control Document (DCD) material
incorporated into the Updated Final
Safety Analysis Report (UFSAR) to
revise Figure 3.8.8–1, Sheet 1, Note 2.
Date of issuance: May 23, 2013.
Effective date: As of the date of
issuance and shall be implemented
within 30 days of issuance.
Amendment No.: Unit 2–3, and Unit
3–3.
Facility Combined Licenses No. NPF–
93 and NPF–94: Amendment revised the
Facility Combined Licenses.
Date of initial notice in Federal
Register: March 4, 2013 (78 FR 14126).
The Commission’s related evaluation
of the amendment is contained in a
Safety Evaluation dated May 23, 2013.
No significant hazards consideration
comments received: No.
Dated at Rockville, Maryland, this 14th day
of June 2013.
For The Nuclear Regulatory Commission.
John D. Monninger,
Deputy Director, Division of Operating
Reactor Licensing, Office of Nuclear Reactor
Regulation.
[FR Doc. 2013–14880 Filed 6–24–13; 8:45 am]
BILLING CODE 7590–01–P
NUCLEAR REGULATORY
COMMISSION
[NRC–2013–0001]
mstockstill on DSK4VPTVN1PROD with NOTICES
Sunshine Act Meetings
AGENCY HOLDING THE MEETINGS: Nuclear
Regulatory Commission.
DATE: Weeks of June 24, July 1, 8, 15,
22, 29, 2013.
PLACE: Commissioners’ Conference
Room, 11555 Rockville Pike, Rockville,
Maryland.
STATUS: Public and Closed.
Week of June 24, 2013
There are no meetings scheduled for
the week of June 24, 2013.
VerDate Mar<15>2010
17:18 Jun 24, 2013
Jkt 229001
There are no meetings scheduled for
the week of July 1, 2013.
Week of July 8, 2013—Tentative
Tuesday, July 9, 2013
Wednesday, July 10, 2013
38087
requests for reasonable accommodation
will be made on a case-by-case basis.
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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.
9:00 a.m. Briefing on NRC
International Activities (Part 1) (Public
Meeting) (Contact: Karen Henderson,
301–415–0202).
This meeting will be webcast live at
the Web address—www.nrc.gov.
10:30 a.m. Briefing on NRC
International Activities (Part 2)
(Closed—Ex. 1 & 9) (Contact: Karen
Henderson, 301–415–0202).
Dated: June 20, 2013.
Richard J. Laufer,
Technical Coordinator, Office of the
Secretary.
Thursday, July 11, 2013
[Release No. 34–69802; File No. SR–BOX–
2013–30]
9:30 a.m. Meeting with the Advisory
Committee on Reactor Safeguards
(ACRS) (Public Meeting). (Contact: Ed
Hackett, 301–415–7360).
This meeting will be webcast live at
the Web address—www.nrc.gov.
Week of July 15, 2013—Tentative
There are no meetings scheduled for
the week of July 15, 2013.
Week of July 22, 2013—Tentative
There are no meetings scheduled for
the week of July 22, 2013.
Week of July 29, 2013
There are no meetings scheduled for
the week of July 29, 2013.
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*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.
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The NRC Commission Meeting
Schedule can be found on the Internet
at: https://www.nrc.gov/public-involve/
public-meetings/schedule.html.
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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
Kimberly Meyer, NRC Disability
Program Manager, at 301–287–0727, or
by email at kimberly.meyerchambers@nrc.gov. Determinations on
PO 00000
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[FR Doc. 2013–15259 Filed 6–21–13; 4:15 pm]
BILLING CODE 7590–01–P
SECURITIES AND EXCHANGE
COMMISSION
Self-Regulatory Organizations; BOX
Options Exchange LLC; Notice of
Filing and Immediate Effectiveness of
a Proposed Rule Change To Amend
BOX Rule 3150 (Reports Related to
Position Limits)
June 19, 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 June 6,
2013, BOX Options Exchange LLC (the
‘‘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 self-regulatory organization. The
Commission is publishing this notice to
solicit comments on the proposed rule
from interested persons.
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
The Exchange proposes to amend
BOX Rule 3150 (Reports Related to
Position Limits). 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 Exchange’s
Internet Web site at https://
boxexchange.com.
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
1 15
2 17
E:\FR\FM\25JNN1.SGM
U.S.C. 78s(b)(1).
CFR 240.19b–4.
25JNN1
38088
Federal Register / Vol. 78, No. 122 / Tuesday, June 25, 2013 / Notices
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
mstockstill on DSK4VPTVN1PROD with NOTICES
1. Purpose
The Exchange proposes to amend
BOX Rule 3150 (Reports Related to
Position Limits) to exempt BOX Market
Makers 3 from the requirement to
provide daily position reports. This
change will permit the Exchange to
harmonize BOX’s Rules with the rules
of other options exchanges, specifically
the Chicago Board Options Exchange
(‘‘CBOE’’), NYSE MKT LLC (‘‘NYSE
MKT’’), NYSE Arca, Inc. (‘‘NYSE
Arca’’), BATS Exchange, Inc. (‘‘BATS’’),
International Securities Exchange, LLC
(‘‘ISE’’), Miami International Securities
Exchange, LLC (‘‘MIAX’’), and NASDAQ
OMX PHLX LLC (‘‘Phlx’’).4
The proposed rule change would
amend the language in BOX Rule
3150(b). Specifically, the proposed rule
change will exempt a Market Maker that
maintains an end of day position in
excess of 10,000 non-FLEX equity
options contracts on the same side of
the market from reporting whether such
position is hedged and providing
documentation as to how such position
is hedged. This report is required at the
time the subject account exceeds the
10,000 contract threshold and thereafter,
for Customer accounts, when the
position increases by 2,500 contracts,
and for proprietary accounts when the
position increases by 5,000 contracts.
Currently all Options Participants,
including Market Makers are required to
provide these reports. The proposed
language will eliminate the reporting
burden for Market Makers, whose
position information the Exchange can
access as needed through the Options
Clearing Corporation (‘‘OCC’’).
Furthermore, as stated above the
amended rule will make BOX’s position
limit reporting requirement consistent
with that of other options exchanges.5
3 As
defined in BOX Rule 100(a)(30).
CBOE Rule 4.13(b), NYSE MKT Rule 906(b),
NYSE Arca Rule 6.6(b), BATS Rule 18.10(b), ISE
Rule 415(b), MIAX Rule 310(b), and Phlx Rule
1003(b).
5 Id.
4 See
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17:18 Jun 24, 2013
Jkt 229001
2. Statutory Basis
The Exchange believes that the
proposal is consistent with the
requirements of Section 6(b) of the
Securities Exchange Act of 1934 (the
‘‘Act’’),6 in general, and Section 6(b)(5)
of the Act,7 in particular, in that it 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
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. In particular, the
Exchange believes the proposed rule
change will harmonize BOX’s rules with
the rules of other options exchanges. In
addition, the Exchange believes that the
proposed rule change will help ensure
efficiency by exempting BOX Market
Makers, whose position information can
already be accessed through the OCC.
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. In this regard
and as indicated above, the Exchange
notes that the rule change is being
proposed as a competitive response to
harmonize BOX’s rules with those of
other options exchanges. The Exchange
believes this proposed rule change is
necessary to establish uniform rules
regarding position limit reporting.
Specifically, the proposed rule change
will create consistency among industry
rules. The Exchange does not believe
the proposed rule filing will bring any
unnecessary burden on intermarket
competition as it is consistent with the
other options exchanges’ rules.8
C. Self-Regulatory Organization’s
Statement on Comments on the
Proposed Rule Change Received From
Members, Participants or Others
The Exchange has neither solicited
nor received comments on the proposed
rule change.
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
6 15
U.S.C. 78f(b).
U.S.C. 78f(b)(5).
8 See supra, note 4.
7 15
PO 00000
Frm 00083
Fmt 4703
Sfmt 4703
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) of the Act 9 and Rule 19b–
4(f)(6) thereunder.10
At any time within sixty (60) days of
the filing of such 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:
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–BOX–2013–30 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–BOX–2013–30. 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
9 15
U.S.C. 78s(b)(3)(A).
CFR 240.19b–4(f)(6). In addition, Rule 19b–
4(f)(6)(iii) requires the Exchange to give the
Commission written notice of the Exchange’s 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
of the proposed rule change, or such shorter time
as designated by the Commission. The Exchange
has satisfied this requirement.
10 17
E:\FR\FM\25JNN1.SGM
25JNN1
Federal Register / Vol. 78, No. 122 / Tuesday, June 25, 2013 / Notices
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
offices of BOX. 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–BOX–
2013–30, and should be submitted on or
before July 16, 2013.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.11
Kevin M. O’Neill,
Deputy Secretary.
[FR Doc. 2013–15084 Filed 6–24–13; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–69801; File No. SR–
NASDAQ–2013–086]
Self-Regulatory Organizations; The
NASDAQ Stock Market LLC; Notice of
Filing and Immediate Effectiveness of
Proposed Rule Change To Amend Rule
4120 To Adopt a Modification in the
Process for Initiating Trading of a
Security That Is the Subject of an Initial
Public Offering on NASDAQ
mstockstill on DSK4VPTVN1PROD with NOTICES
June 19, 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 June 13,
2013, The NASDAQ Stock Market LLC
(‘‘NASDAQ’’ or the ‘‘Exchange’’) filed
with the Securities and Exchange
Commission (‘‘Commission’’) a
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
proposed rule change from interested
persons.
A. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
1. Purpose
In 2012, NASDAQ modified its
process for commencing trading of a
security that is the subject of an IPO on
NASDAQ by allowing market
participants to enter orders to be held in
an undisplayed state until the
commencement of the Display-Only
Period that occurs prior to the IPO.4
Pursuant to the change made last year,
Rule 4120(c)(7)(B) currently provides
that market participants may enter
Market Hours Day Orders (‘‘MDAY
Orders’’) in a security that is the subject
of an IPO on NASDAQ and designate
such orders to be held until the
beginning of the Display-Only Period.
Such orders will be held in an
undisplayed state until the beginning of
the Display-Only Period, at which time
they will be entered into the system.
NASDAQ is proposing to modify the
rule slightly by providing that any order
CFR 242.19b–4(f)(6)(iii).
Exchange Act Release No. 66652
(March 23, 2012), 77 FR 13129 (March 29, 2012)
(SR–NASDAQ–2012–038).
CFR 200.30–3(a)(12).
U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
4 Securities
1 15
17:18 Jun 24, 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,
NASDAQ 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 those
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 parts of such
statements.
3 17
11 17
VerDate Mar<15>2010
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
NASDAQ proposes to amend Rule
4120 to adopt a modification in the
process for initiating trading of a
security that is the subject of an initial
public offering (an ‘‘IPO’’) on NASDAQ.
NASDAQ proposes to implement the
proposed rule change on a date that is
on, or shortly after, the expiration of the
pre-operative delay provided for in Rule
19b–4(f)(6)(iii).3 The text of the
proposed rule change is available on the
Exchange’s Web site at https://
nasdaq.cchwallstreet.com, at the
principal office of the Exchange, and at
the Commission’s Public Reference
Room.
Jkt 229001
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38089
in a security that is the subject of an
IPO, regardless of its time-in-force, may
be designated to be held until the
beginning of the Display-Only Period.
NASDAQ believes that the quality of its
process for commencing IPO trading
will be enhanced by the change, which
may result in a higher level of order
interaction at the open by allowing more
orders to interact at the commencement
of trading.
2. Statutory Basis
NASDAQ believes that the proposed
rule change is consistent with the
provisions of Section 6 of the Act,5 in
general, and with Section 6(b)(5) of the
Act,6 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, NASDAQ
believes that the proposed rule change
will result in a greater number of orders
being entered prior to commencement of
trading of IPO securities, resulting in a
higher level of order interaction at the
open. Thus, NASDAQ believes that the
change will remove impediments to and
perfect the mechanism of a free and
open market.
B. Self-Regulatory Organization’s
Statement on Burden on Competition
NASDAQ does not believe that the
proposed rule change will result in any
burden on competition that is not
necessary or appropriate in furtherance
of the purposes of the Act, as amended.
Specifically, NASDAQ believes that this
change will provide for a greater
number of orders being entered prior to
commencement of trading, resulting in
a higher level of order interaction.
NASDAQ believes that this change will
promote competition by enhancing the
attractiveness of NASDAQ as a trading
venue through higher order fill rates and
more complete price discovery.
Moreover, because the change will not
affect the availability or price of goods
or services offered by NASDAQ or
others, it will not impose any burden on
competition.
5 15
6 15
E:\FR\FM\25JNN1.SGM
U.S.C. 78f.
U.S.C. 78f(b)(5).
25JNN1
]]>Agencies
[Federal Register Volume 78, Number 122 (Tuesday, June 25, 2013)]
[Notices]
[Pages 38087-38089]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-15084]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-69802; File No. SR-BOX-2013-30]
Self-Regulatory Organizations; BOX Options Exchange LLC; Notice
of Filing and Immediate Effectiveness of a Proposed Rule Change To
Amend BOX Rule 3150 (Reports Related to Position Limits)
June 19, 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 June 6, 2013, BOX Options Exchange LLC (the ``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 self-regulatory organization. The Commission is
publishing this notice to solicit comments on the proposed rule 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 BOX Rule 3150 (Reports Related to
Position Limits). 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 Exchange's Internet Web site at https://boxexchange.com.
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
[[Page 38088]]
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 Exchange proposes to amend BOX Rule 3150 (Reports Related to
Position Limits) to exempt BOX Market Makers \3\ from the requirement
to provide daily position reports. This change will permit the Exchange
to harmonize BOX's Rules with the rules of other options exchanges,
specifically the Chicago Board Options Exchange (``CBOE''), NYSE MKT
LLC (``NYSE MKT''), NYSE Arca, Inc. (``NYSE Arca''), BATS Exchange,
Inc. (``BATS''), International Securities Exchange, LLC (``ISE''),
Miami International Securities Exchange, LLC (``MIAX''), and NASDAQ OMX
PHLX LLC (``Phlx'').\4\
---------------------------------------------------------------------------
\3\ As defined in BOX Rule 100(a)(30).
\4\ See CBOE Rule 4.13(b), NYSE MKT Rule 906(b), NYSE Arca Rule
6.6(b), BATS Rule 18.10(b), ISE Rule 415(b), MIAX Rule 310(b), and
Phlx Rule 1003(b).
---------------------------------------------------------------------------
The proposed rule change would amend the language in BOX Rule
3150(b). Specifically, the proposed rule change will exempt a Market
Maker that maintains an end of day position in excess of 10,000 non-
FLEX equity options contracts on the same side of the market from
reporting whether such position is hedged and providing documentation
as to how such position is hedged. This report is required at the time
the subject account exceeds the 10,000 contract threshold and
thereafter, for Customer accounts, when the position increases by 2,500
contracts, and for proprietary accounts when the position increases by
5,000 contracts. Currently all Options Participants, including Market
Makers are required to provide these reports. The proposed language
will eliminate the reporting burden for Market Makers, whose position
information the Exchange can access as needed through the Options
Clearing Corporation (``OCC''). Furthermore, as stated above the
amended rule will make BOX's position limit reporting requirement
consistent with that of other options exchanges.\5\
---------------------------------------------------------------------------
\5\ Id.
---------------------------------------------------------------------------
2. Statutory Basis
The Exchange believes that the proposal is consistent with the
requirements of Section 6(b) of the Securities Exchange Act of 1934
(the ``Act''),\6\ in general, and Section 6(b)(5) of the Act,\7\ in
particular, in that it 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 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. In particular, the Exchange believes the proposed rule
change will harmonize BOX's rules with the rules of other options
exchanges. In addition, the Exchange believes that the proposed rule
change will help ensure efficiency by exempting BOX Market Makers,
whose position information can already be accessed through the OCC.
---------------------------------------------------------------------------
\6\ 15 U.S.C. 78f(b).
\7\ 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. In this regard and as indicated
above, the Exchange notes that the rule change is being proposed as a
competitive response to harmonize BOX's rules with those of other
options exchanges. The Exchange believes this proposed rule change is
necessary to establish uniform rules regarding position limit
reporting.
Specifically, the proposed rule change will create consistency
among industry rules. The Exchange does not believe the proposed rule
filing will bring any unnecessary burden on intermarket competition as
it is consistent with the other options exchanges' rules.\8\
---------------------------------------------------------------------------
\8\ See supra, note 4.
---------------------------------------------------------------------------
C. Self-Regulatory Organization's Statement on Comments on the Proposed
Rule Change Received From Members, Participants or Others
The Exchange has neither solicited nor received comments on the
proposed rule change.
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) of the Act \9\ and Rule 19b-
4(f)(6) thereunder.\10\
---------------------------------------------------------------------------
\9\ 15 U.S.C. 78s(b)(3)(A).
\10\ 17 CFR 240.19b-4(f)(6). In addition, Rule 19b-4(f)(6)(iii)
requires the Exchange to give the Commission written notice of the
Exchange's 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 of the proposed rule
change, or such shorter time as designated by the Commission. The
Exchange has satisfied this requirement.
---------------------------------------------------------------------------
At any time within sixty (60) days of the filing of such 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:
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-BOX-2013-30 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-BOX-2013-30. 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
[[Page 38089]]
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 offices of BOX. 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-BOX-2013-30, and should be
submitted on or before July 16, 2013.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\11\
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\11\ 17 CFR 200.30-3(a)(12).
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Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2013-15084 Filed 6-24-13; 8:45 am]
BILLING CODE 8011-01-P
