SES Performance Review Board, 42807 [2013-17110]
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Federal Register / Vol. 78, No. 137 / Wednesday, July 17, 2013 / Notices
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SECURITIES AND EXCHANGE
COMMISSION
Dated: June 28, 2013.
David S. Ferriero,
Archivist of the United States.
[Release No. 34–69974; File No. SR–
NYSEMKT–2013–55]
[FR Doc. 2013–17136 Filed 7–16–13; 8:45 am]
Self-Regulatory Organizations; NYSE
MKT LLC; Notice of Filing and
Immediate Effectiveness of Proposed
Rule Change Amending Its Price List
To Change the Monthly Fees for the
Use of Certain Ports
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NATIONAL FOUNDATION ON THE
ARTS AND HUMANITIES
July 11, 2013.
SES Performance Review Board
AGENCY:
National Endowment for the
Arts.
ACTION:
Notice.
Notice is hereby given of the
names of members of the Performance
Review Board for the National
Endowment for the Arts. This notice
supersedes all previous notices of the
PRB membership of the Agency.
SUMMARY:
DATES:
Upon publication.
FOR FURTHER INFORMATION CONTACT:
Craig McCord Sr., Director of Human
Resources, National Endowment for the
Arts, 1100 Pennsylvania Avenue NW.,
Room 223, Washington, DC 20506, (202)
682–5473.
See 4314
(c)(1) through (5) of Title 5, U.S.C.,
requires each agency to establish, in
accordance with regulations prescribed
by the Office of Personnel Management,
one or more SES Performance Review
Boards. The Board shall review and
evaluate the initial appraisal of a senior
executive’s performance by the
supervisor, along with any response by
the senior executive, and make
recommendations to the appointing
authority relative to the performance of
the senior executive.
The following persons have been
selected to serve on the Performance
Review Board of the National
Endowment for the Arts (NEA):
SUPPLEMENTARY INFORMATION:
ehiers on DSK2VPTVN1PROD with NOTICES
Winona Varnon—Deputy Chairman for
Management and Budget
Sunil Iyengar—Director, Research &
Analysis
William O’Brien—Senior Advisor for
Program Innovation
Kathy Plowitz-Worden,
Panel Coordinator, National Endowment for
the Arts.
[FR Doc. 2013–17110 Filed 7–16–13; 8:45 am]
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 28,
2013, NYSE MKT LLC (the ‘‘Exchange’’
or ‘‘NYSE MKT’’) 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 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 its
Price List to change the monthly fees for
the use of certain ports. The Exchange
proposes to implement the fee changes
on July 1, 2013. The text of the proposed
rule change is available on the
Exchange’s Web site at www.nyse.com,
at the principal office of the Exchange,
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
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 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.
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 its
Price List to change the monthly fees for
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42807
the use of certain ports.3 The Exchange
proposes to implement the fee changes
on July 1, 2013.4
The Exchange currently makes ports
available that provide connectivity to
the Exchange’s trading systems (i.e.,
ports for entry of orders and/or quotes
(‘‘order/quote entry ports’’)) and charges
$200 per port per month.5 The Exchange
proposes that the $200 fee per port per
month would apply to users with five or
fewer order/quote entry ports and that
the fee for users with more than five
order/quote entry ports would be $500
per port per month, including for the
3 The Exchange has a Common Customer Gateway
(‘‘CCG’’) that accesses the equity trading systems
that it shares with its affiliates, New York Stock
Exchange LLC (‘‘NYSE’’) and NYSE Arca, Inc.
(‘‘NYSE Arca’’), and all ports connect to the CCG.
See, e.g., Securities Exchange Act Release No.
64543 (May 25, 2011), 76 FR 31667 (June 1, 2011)
(SR–NYSEAmex–2011–20). All NYSE MKT member
organizations are also NYSE member organizations
and, accordingly, a member organization utilizes its
ports for activity on both NYSE and/or NYSE MKT
and is charged port fees based on the total number
of ports connected to the CCG, whether the ports
are used to quote and trade on NYSE, NYSE MKT,
and/or both, because those trading systems are
integrated. The NYSE Arca trading platform is not
integrated in the same manner. Therefore, it does
not share its ports with NYSE or NYSE MKT.
4 The Exchange notes that billing for ports is
based on the number of ports on the third business
day prior to the end of the month. In addition, the
level of activity with respect to a particular port
does not affect the assessment of monthly fees, such
that, except for ports that are not charged, even if
a particular port is not used, a port fee still applies.
5 The Price List provides that (i) users of the
Exchange’s Risk Management Gateway service
(‘‘RMG’’) are not charged for order/quote entry ports
if such ports are designated as being used for RMG
purposes, and (ii) Designated Market Makers
(‘‘DMMs’’) are not charged for order/quote entry
ports that connect to the Exchange via the DMM
Gateway. See Securities Exchange Act Release No.
68261 (November 19, 2012), 77 FR 70522
(November 26, 2012) (SR–NYSEMKT–2012–64).
Two methods are available to DMMs to connect to
the Exchange: DMM Gateway and CCG. The two
methods are quite distinct, however. Only DMMs
may utilize the DMM Gateway, and they may only
use DMM Gateway when acting in their capacity as
a DMM. DMMs are required to use the DMM
Gateway for certain DMM-specific functions that
relate to the DMM’s role on the Exchange and the
obligations attendant therewith, which are not
applicable to other market participants on the
Exchange. By contrast, non-DMMs as well as DMMs
may use the CCG, use of the CCG by a DMM is
optional, and a DMM that connects to the Exchange
via CCG can use the relevant order/quote entry port
for orders and quotes both in its capacity as a DMM
and for orders and quotes in other securities.
Accordingly, because DMMs are required to utilize
DMM Gateway, but not CCG, to be able to fulfill
their functions as DMMs, DMMs are not charged for
order/quote entry ports that connect to the
Exchange via the DMM Gateway, but DMMs, like
other market participants, are charged for order/
entry ports that connect to the Exchange via the
CCG. DMMs can elect to use the DMM Gateway, the
CCG, or both for their connectivity to the Exchange.
However, the DMM Gateway must be used for
certain DMM-specific functions that relate to the
DMM’s role on the Exchange and the obligations
attendant therewith.
E:\FR\FM\17JYN1.SGM
17JYN1
Agencies
[Federal Register Volume 78, Number 137 (Wednesday, July 17, 2013)]
[Notices]
[Page 42807]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-17110]
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-----------------------------------------------------------------------
NATIONAL FOUNDATION ON THE ARTS AND HUMANITIES
SES Performance Review Board
AGENCY: National Endowment for the Arts.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: Notice is hereby given of the names of members of the
Performance Review Board for the National Endowment for the Arts. This
notice supersedes all previous notices of the PRB membership of the
Agency.
DATES: Upon publication.
FOR FURTHER INFORMATION CONTACT: Craig McCord Sr., Director of Human
Resources, National Endowment for the Arts, 1100 Pennsylvania Avenue
NW., Room 223, Washington, DC 20506, (202) 682-5473.
SUPPLEMENTARY INFORMATION: See 4314 (c)(1) through (5) of Title 5,
U.S.C., requires each agency to establish, in accordance with
regulations prescribed by the Office of Personnel Management, one or
more SES Performance Review Boards. The Board shall review and evaluate
the initial appraisal of a senior executive's performance by the
supervisor, along with any response by the senior executive, and make
recommendations to the appointing authority relative to the performance
of the senior executive.
The following persons have been selected to serve on the
Performance Review Board of the National Endowment for the Arts (NEA):
Winona Varnon--Deputy Chairman for Management and Budget
Sunil Iyengar--Director, Research & Analysis
William O'Brien--Senior Advisor for Program Innovation
Kathy Plowitz-Worden,
Panel Coordinator, National Endowment for the Arts.
[FR Doc. 2013-17110 Filed 7-16-13; 8:45 am]
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