Self-Regulatory Organizations; Topaz Exchange, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Make Non-Controversial Changes to Its Rules, 1420-1422 [2014-00073]
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Federal Register / Vol. 79, No. 5 / Wednesday, January 8, 2014 / Notices
ADF Trading Center during its first
quarter of operations on the ADF or
portion thereof, and will also not assess
any SIP penalties on an ADF Trading
Center that exceeds its projected
message traffic during this time. FINRA
believes these provisions are consistent
with the Act because they will provide
a new ADF Trading Center with the
opportunity to acquire data on its quote,
order and trade reporting activity on the
ADF prior to making capacity
projections to which the fees and SIP
penalties will apply.
mstockstill on DSK4VPTVN1PROD with NOTICES
B. Self-Regulatory Organization’s
Statement on Burden on Competition
FINRA 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. FINRA notes
that the Plan is designed to assist FINRA
in meeting its regulatory obligations and
maintaining the stability of the ADF
while enhancing FINRA’s ability to
submit accurate volume projections to
the consolidated data plans and
minimizing the need for FINRA to
expend unnecessary resources to
maintain data capacity that will not be
used. Given that the terms of the Plan,
including the Excess and Shortfall Fees,
are reasonably designed, in part, to
assist FINRA in minimizing
unnecessary expenditures in connection
with ADF data capacity, FINRA does
not believe that the Plan imposes an
undue burden on competition on
potential ADF Trading Centers or other
FINRA members. In this regard, FINRA
also notes that the proposed change
would apply only to those members that
choose to become ADF Trading Centers
and use the ADF, and that the terms of
the Plan, including the Excess and
Shortfall Fees, would not apply to
members that are not ADF Trading
Centers. Additionally, following
discussions with potential ADF Trading
Centers, FINRA does not believe that the
proposed rule change will impose a
significant operational burden on such
participants. Indeed, FINRA believes
that certain aspects of the proposal,
such as the methodology for assessing
the Excess and Shortfall Fees, will
provide ADF Trading Centers with an
element of certainty in calculating the
potential costs they might incur in
connection with the ADF. In addition,
while the Plan requires that ADF
Trading Centers provide reasonable
capacity estimates, it generally does not
restrict ADF Trading Centers’ ongoing
activities if they exceed such estimates,
except where the ADF system’s stability
or the ability of FINRA to meet its
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regulatory obligations with respect to
the ADF are threatened.
C. Self-Regulatory Organization’s
Statement on Comments on the
Proposed Rule Change Received From
Members, Participants, or Others
Written comments were neither
solicited nor received.
III. Date of Effectiveness of the
Proposed Rule Change and Timing for
Commission Action
Within 45 days of the date of
publication of this notice in the Federal
Register or within such longer period (i)
as the Commission may designate up to
90 days of such date if it finds such
longer period to be appropriate and
publishes its reasons for so finding or
(ii) as to which the self-regulatory
organization consents, the Commission
will:
(A) By order approve or disapprove
such proposed rule change, or
(B) institute proceedings to determine
whether the proposed rule change
should be 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–
FINRA–2013–054 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–FINRA–2013–054. 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
PO 00000
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Sfmt 4703
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 such
filing also will be available for
inspection and copying at the principal
offices of FINRA. 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–FINRA–
2013–054, and should be submitted on
or before January 29, 2014.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.32
Kevin M. O’Neill,
Deputy Secretary.
[FR Doc. 2014–00068 Filed 1–7–14; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–71229; File No. SR–Topaz–
2013–18]
Self-Regulatory Organizations; Topaz
Exchange, LLC; Notice of Filing and
Immediate Effectiveness of Proposed
Rule Change To Make NonControversial Changes to Its Rules
January 2, 2014.
Pursuant to Section 19(b)(1) of the
Securities Exchange Act of 1934 (the
‘‘Act’’),1 and Rule 19b–4 thereunder,2
notice is hereby given that, on December
23, 2013, the Topaz Exchange, LLC
(d/b/a ISE Gemini) (the ‘‘Exchange’’ or
‘‘Topaz’’) 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 selfregulatory organization. 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 a number of
non-controversial and technical changes
to its rules. Examples of such
32 17
CFR 200.30–3(a)(12).
U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
1 15
E:\FR\FM\08JAN1.SGM
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Federal Register / Vol. 79, No. 5 / Wednesday, January 8, 2014 / Notices
corrections include updating Topaz rule
number citations and cross references,
correcting typographical errors and
deleting obsolete rule text. The text of
the proposed rule change is available on
the Exchange’s Internet Web site at
https://www.ise.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 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.
mstockstill on DSK4VPTVN1PROD with NOTICES
A. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
1. Purpose
The Exchange is proposing to make a
number of non-controversial changes
and technical corrections to its rules.
Examples of such corrections include
updating rule number citations and
cross-references, correcting
typographical errors, and deleting
obsolete rule text. Following is a
narrative description of each of the
corrections:
D Topaz Rule 701 (Trading Rotations)
is being amended to make a nonsubstantive change to correct a
typographical error in paragraph (b)(2)
and to remove the first sentence in
paragraph (c), which states that trading
in options will close 2 minutes after the
primary market on which the
underlying stock trades closes for
trading. This reference to a 4:02 p.m.
closing was imported from the
International Securities Exchange
(‘‘ISE’’) rule book, but should have been
removed when the hours of trading on
the ISE were amended,3 but was
inadvertently overlooked.
D Topaz Rule 705 (Limitation of
Liability) is being amended to change a
non-substantive word to update the
sentence structure of paragraph (a).
D Topaz Rule 715 (Types of Orders) is
being amended to add the defined terms
of ‘‘Day Order’’ and ‘‘Good-Till3 See Securities Exchange Act Release No. 53248
(February 7, 2006), 71 FR 8015 (February 15, 2006)
(SR–ISE–2005–58).
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Jkt 232001
Cancelled Order (GTC Order).’’ The
addition of these two order types qualify
for non-controversial treatment as there
is nothing new or novel with respect to
these types of orders. Additionally, the
Chicago Board Options Exchange has
identical order types.4
D Topaz Rules 803(c) is being
amended to remove underlining that
does not belong. Topaz Rules 803, 810
and 811 are being amended to remove
cross-references to Rule 803(c)(2) and
replace them with the correct crossreferences, where applicable. These
cross-references were imported from the
ISE rule book, which were inadvertently
missed when paragraph 803(c)(2) was
deleted from the ISE rules.5
D Topaz Rule 804(d)(3) is being
deleted as this provision is obsolete and
no longer applicable, but was imported
from the ISE rule book and (e)(2)(ii) is
being amended to delete rule text that
was incorrectly imported from the ISE
rule book.6
2. Statutory Basis
The basis under the Act for this
proposed rule change is the requirement
under Section 6(b)(5) 7 that an exchange
have rules that are designed to prevent
fraudulent and manipulative acts and
practices, to promote just and equitable
principles of trade, to remove
impediments to and perfect the
mechanism for a free and open market
and a national market system, and, in
general, to protect investors and the
public interest. The Exchange believes it
is appropriate to make these technical
corrections to its rules so that Exchange
members and investors have a clear and
accurate understanding of the meaning
of the Exchange’s rules. By removing
obsolete rule text, the Exchange is
eliminating any potential for confusion
about how its systems operate. By
updating cross-references in its rules,
the Exchange is eliminating any
inaccuracies. The addition of a Day
Order and a GTC Order qualifies for
non-controversial treatment as there is
nothing new or novel with respect to
these order types. Day Orders and GTC
Orders merely address the time-in-force
of an order and are standard, generic
orders. In addition, CBOE has both of
these order types in its rules.8 The
Exchange further believes that the
proposed rule change is not unfairly
4 See
CBOE Rule 43.2(5) and (7).
Securities Exchange Act Release No. 69396
(April 18, 2013), 78 FR 24273 (April 24, 2013) (SR–
ISE–2013–18).
6 See Securities Exchange Act Release No. 69175
(March 19, 2013), 78 FR 17988 (March 25, 2013)
(SR–ISE–2013–17).
7 15 U.S.C. 78f(b)(5).
8 See note 4.
5 See
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Fmt 4703
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1421
discriminatory because it treats all
market participants equally and will not
have an adverse impact on any market
participant.
B. Self-Regulatory Organization’s
Statement on Burden on Competition
Most of the proposed rule changes are
non-substantive corrections to the
Exchange’s rules and therefore do not
implicate the competition analysis. The
change proposing to adopt two new
order types is non-controversial as they
already exist on another exchange and
merely address the time-in-force of an
order, and will therefore not impact
competition because these order types
already exist. The proposed rule
changes will serve to promote regulatory
clarity and consistency, thereby
reducing burdens on the marketplace
and facilitating investor protection.
C. Self-Regulatory Organization’s
Statement on Comments on the
Proposed Rule Change Received From
Members, Participants, or Others
The Exchange has not solicited, and
does not intend to solicit, comments on
this proposed rule change. The
Exchange has not received any
unsolicited written comments from
members or other interested parties.
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) 9 of the Act and Rule 19b–
4(f)(6) 10 thereunder. The Exchange
provided the Commission with written
notice of its 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 the proposed
rule change.
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.
9 15
U.S.C. 78s(b)(3)(A).
CFR 240.19b–4(f)(6).
10 17
E:\FR\FM\08JAN1.SGM
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Federal Register / Vol. 79, No. 5 / Wednesday, January 8, 2014 / Notices
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:
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.11
Kevin M. O’Neill,
Deputy Secretary.
[FR Doc. 2014–00073 Filed 1–7–14; 8:45 am]
BILLING CODE 8011–01–P
Electronic Comments
DEPARTMENT OF TRANSPORTATION
• 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–
Topaz–2013–18 on the subject line.
Federal Highway Administration
mstockstill on DSK4VPTVN1PROD with NOTICES
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–Topaz–2013–18. 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–Topaz–
2013–18 and should be submitted on or
before January 29, 2014.
Every Day Counts Initiative; Request
for Information
Federal Highway
Administration (FHWA), DOT.
ACTION: Notice.
AGENCY:
This notice is a Request for
Information (RFI) and comments will be
used to help FHWA identify innovative,
market-ready technologies that may be
considered under the Every Day Counts
(EDC) initiative.
DATES: Responses to this RFI should be
submitted by February 15, 2014. The
FHWA will consider late-filed responses
to the extent practicable.
ADDRESSES: Submit responses by
electronic mail to everydaycounts@
dot.gov or through https://www.fbo.gov.
FOR FURTHER INFORMATION CONTACT: For
questions about the program discussed
herein, contact Julie Zirlin, FHWA
Office of Accelerating Innovation (202)
366–9105, Julie.Zirlin@dot.gov.
Additional information about the EDC
initiative is at https://www.fhwa.dot.gov/
everydaycounts/.
SUPPLEMENTARY INFORMATION:
SUMMARY:
Purpose of the Notice
The FHWA requests information from
all sources regarding innovations that
have the potential to transform the way
we do business by shortening project
delivery time, enhancing the safety of
our roadways, and protecting the
environment. The purpose of this RFI is
to obtain information from State, local,
and industry partners and the public
regarding proven processes or
technologies that have the potential to
provide efficiencies in the
transportation system. This RFI is
issued under the FHWA Every Day
Counts Initiative.
RFI Guidelines
This is not a solicitation for proposals,
applications, proposal abstracts, or
quotations. The purpose of this RFI
notice is to conduct market research to
identify proven innovations. This RFI
must not be construed as a commitment
11 17
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PO 00000
CFR 200.30–3(a)(12).
Frm 00061
Fmt 4703
Sfmt 4703
by the Government to make an award,
nor does the Government intend to
directly or indirectly pay for any
information or responses submitted as a
result of this RFI. Responses to this
notice are not offers and cannot be
accepted by the Government to form a
binding contract or issue a grant.
Information obtained as a result of this
RFI may be used by the Government for
program planning on a non-attribution
basis. Respondents should not include
any information that might be
considered proprietary or confidential.
Background
The FHWA has long been a leader in
innovation deployment. The FHWA
Administrator Victor Mendez advocates
deploying innovation to: (1) Shorten
project delivery time, (2) accelerate the
use of new technologies to make
Government more efficient, and (3)
construct highways faster, safer, and to
a higher quality. To that end, in 2010,
FHWA launched EDC—a broad
initiative aimed at shortening project
delivery and speeding the deployment
of proven, underutilized technologies.
The EDC initiative has had a significant
impact on the transportation system.
The FHWA believes that the EDC
initiative is a foundational part of
making innovation a cornerstone of our
business and that we can identify
rapidly deployable innovations to
achieve the goal of better, faster, and
smarter project delivery. Society and the
highway industry face an
unprecedented list of challenges. The
public wants greater accountability in
how its money is spent. Users and
industry want to find ways to make
roads safer. We want to preserve the
environment for future generations.
EDC 1 and EDC 2 Technologies
The EDC initiative focuses on two
pillars for innovation:
• Accelerating Technology:
Technologies and solutions to improve
safety, reduce congestion, produce
longer-lasting infrastructure, and keep
America moving and competitive in the
world market.
• Shortening Project Delivery:
Innovative practices and methods that
increase our ability to deliver timely
transportation projects to the public.
The EDC initiative is designed to
focus on a finite set of innovations.
Teams consisting of FHWA, State, local,
and industry partners and State
Transportation Innovation Councils
work to deploy the innovations and
develop performance measures to gauge
their success. The following innovations
were promoted in the first two rounds
of EDC:
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]]>Agencies
[Federal Register Volume 79, Number 5 (Wednesday, January 8, 2014)]
[Notices]
[Pages 1420-1422]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-00073]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-71229; File No. SR-Topaz-2013-18]
Self-Regulatory Organizations; Topaz Exchange, LLC; Notice of
Filing and Immediate Effectiveness of Proposed Rule Change To Make Non-
Controversial Changes to Its Rules
January 2, 2014.
Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934
(the ``Act''),\1\ and Rule 19b-4 thereunder,\2\ notice is hereby given
that, on December 23, 2013, the Topaz Exchange, LLC (d/b/a ISE Gemini)
(the ``Exchange'' or ``Topaz'') 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 self-
regulatory organization. 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.
---------------------------------------------------------------------------
I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change
The Exchange proposes a number of non-controversial and technical
changes to its rules. Examples of such
[[Page 1421]]
corrections include updating Topaz rule number citations and cross
references, correcting typographical errors and deleting obsolete rule
text. The text of the proposed rule change is available on the
Exchange's Internet Web site at https://www.ise.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 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 is proposing to make a number of non-controversial
changes and technical corrections to its rules. Examples of such
corrections include updating rule number citations and cross-
references, correcting typographical errors, and deleting obsolete rule
text. Following is a narrative description of each of the corrections:
[ssquf] Topaz Rule 701 (Trading Rotations) is being amended to make
a non-substantive change to correct a typographical error in paragraph
(b)(2) and to remove the first sentence in paragraph (c), which states
that trading in options will close 2 minutes after the primary market
on which the underlying stock trades closes for trading. This reference
to a 4:02 p.m. closing was imported from the International Securities
Exchange (``ISE'') rule book, but should have been removed when the
hours of trading on the ISE were amended,\3\ but was inadvertently
overlooked.
---------------------------------------------------------------------------
\3\ See Securities Exchange Act Release No. 53248 (February 7,
2006), 71 FR 8015 (February 15, 2006) (SR-ISE-2005-58).
---------------------------------------------------------------------------
[ssquf] Topaz Rule 705 (Limitation of Liability) is being amended
to change a non-substantive word to update the sentence structure of
paragraph (a).
[ssquf] Topaz Rule 715 (Types of Orders) is being amended to add
the defined terms of ``Day Order'' and ``Good-Till-Cancelled Order (GTC
Order).'' The addition of these two order types qualify for non-
controversial treatment as there is nothing new or novel with respect
to these types of orders. Additionally, the Chicago Board Options
Exchange has identical order types.\4\
---------------------------------------------------------------------------
\4\ See CBOE Rule 43.2(5) and (7).
---------------------------------------------------------------------------
[ssquf] Topaz Rules 803(c) is being amended to remove underlining
that does not belong. Topaz Rules 803, 810 and 811 are being amended to
remove cross-references to Rule 803(c)(2) and replace them with the
correct cross-references, where applicable. These cross-references were
imported from the ISE rule book, which were inadvertently missed when
paragraph 803(c)(2) was deleted from the ISE rules.\5\
---------------------------------------------------------------------------
\5\ See Securities Exchange Act Release No. 69396 (April 18,
2013), 78 FR 24273 (April 24, 2013) (SR-ISE-2013-18).
---------------------------------------------------------------------------
[ssquf] Topaz Rule 804(d)(3) is being deleted as this provision is
obsolete and no longer applicable, but was imported from the ISE rule
book and (e)(2)(ii) is being amended to delete rule text that was
incorrectly imported from the ISE rule book.\6\
---------------------------------------------------------------------------
\6\ See Securities Exchange Act Release No. 69175 (March 19,
2013), 78 FR 17988 (March 25, 2013) (SR-ISE-2013-17).
---------------------------------------------------------------------------
2. Statutory Basis
The basis under the Act for this proposed rule change is the
requirement under Section 6(b)(5) \7\ that an exchange have rules that
are designed to prevent fraudulent and manipulative acts and practices,
to promote just and equitable principles of trade, to remove
impediments to and perfect the mechanism for a free and open market and
a national market system, and, in general, to protect investors and the
public interest. The Exchange believes it is appropriate to make these
technical corrections to its rules so that Exchange members and
investors have a clear and accurate understanding of the meaning of the
Exchange's rules. By removing obsolete rule text, the Exchange is
eliminating any potential for confusion about how its systems operate.
By updating cross-references in its rules, the Exchange is eliminating
any inaccuracies. The addition of a Day Order and a GTC Order qualifies
for non-controversial treatment as there is nothing new or novel with
respect to these order types. Day Orders and GTC Orders merely address
the time-in-force of an order and are standard, generic orders. In
addition, CBOE has both of these order types in its rules.\8\ The
Exchange further believes that the proposed rule change is not unfairly
discriminatory because it treats all market participants equally and
will not have an adverse impact on any market participant.
---------------------------------------------------------------------------
\7\ 15 U.S.C. 78f(b)(5).
\8\ See note 4.
---------------------------------------------------------------------------
B. Self-Regulatory Organization's Statement on Burden on Competition
Most of the proposed rule changes are non-substantive corrections
to the Exchange's rules and therefore do not implicate the competition
analysis. The change proposing to adopt two new order types is non-
controversial as they already exist on another exchange and merely
address the time-in-force of an order, and will therefore not impact
competition because these order types already exist. The proposed rule
changes will serve to promote regulatory clarity and consistency,
thereby reducing burdens on the marketplace and facilitating investor
protection.
C. Self-Regulatory Organization's Statement on Comments on the Proposed
Rule Change Received From Members, Participants, or Others
The Exchange has not solicited, and does not intend to solicit,
comments on this proposed rule change. The Exchange has not received
any unsolicited written comments from members or other interested
parties.
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) \9\ of the Act and Rule 19b-
4(f)(6) \10\ thereunder. The Exchange provided the Commission with
written notice of its 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 the proposed rule
change.
---------------------------------------------------------------------------
\9\ 15 U.S.C. 78s(b)(3)(A).
\10\ 17 CFR 240.19b-4(f)(6).
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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.
[[Page 1422]]
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-Topaz-2013-18 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-Topaz-2013-18. 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-Topaz-2013-18 and should be
submitted on or before January 29, 2014.
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. 2014-00073 Filed 1-7-14; 8:45 am]
BILLING CODE 8011-01-P
