Self-Regulatory Organizations; NASDAQ OMX PHLX LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Relating to Mini Options Pricing, 26785-26787 [2014-10652]
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Federal Register / Vol. 79, No. 90 / Friday, May 9, 2014 / Notices
I. Background
On August 9, 2013 (78 FR 48727), the
NRC staff issued the previously
mentioned proposed revised SRP
sections for public comment. The NRC
staff received no comments on the
proposed revisions. This guidance is
being issued as final for use. There were
no changes made to the guidance since
it was issued for public comment.
Details of specific changes between
current SRP guidance and the final
guidance being issued here are included
at the end of each of the revised sections
themselves, under the ‘‘Description of
Changes’’ subsections.
II. Backfitting and Issue Finality
These SRP section revisions provide
guidance to the staff for reviewing
applications for a construction permit
and an operating license under part 50
of Title 10 of the Code of Federal
Regulations (10 CFR) with respect to
designs of structures, components,
equipment, and systems. The SRP also
provides guidance for reviewing an
application for a standard design
approval, a standard design
certification, a combined license, and a
manufacturing license under 10 CFR
Part 52 with respect to those same
subject matters.
Issuance of these SRP section
revisions does not constitute backfitting
as defined in 10 CFR 50.109 (the Backfit
Rule) nor is it inconsistent with the
issue finality provisions in 10 CFR part
52. The NRC’s position is based upon
the following considerations.
ehiers on DSK2VPTVN1PROD with NOTICES
1. The SRP Positions Would Not
Constitute Backfitting, Inasmuch as the
SRP Is Internal Guidance to NRC Staff
The SRP provides internal guidance
to the NRC staff on how to review an
application for NRC regulatory approval
in the form of licensing. Changes in
internal staff guidance are not matters
for which either nuclear power plant
applicants or licensees are protected
under either the Backfit Rule or the
issue finality provisions of 10 CFR part
52.
2. The NRC Staff Has No Intention To
Impose the SRP Positions on Existing
Licensees Either Now or in the Future
The NRC staff does not intend to
impose or apply the positions described
in the SRP to existing licenses and
regulatory approvals. Hence, the
issuance of this SRP—even if
considered guidance within the purview
of the issue finality provisions in 10
CFR part 52—does not need to be
evaluated as if it were a backfit or as
being inconsistent with issue finality
provisions. If, in the future, the NRC
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Jkt 232001
staff seeks to impose a position in the
SRP on holders of already-issued
licenses in a manner that does not
provide issue finality as described in the
applicable issue finality provision, then
the staff must make the showing as set
forth in the Backfit Rule or address the
criteria for avoiding issue finality as
described in the applicable issue finality
provision.
3. Backfitting and Issue Finality Do
Not—With Limited Exceptions Not
Applicable Here—Protect Current or
Future Applicant
Applicants and potential applicants
are not, with certain exceptions,
protected by either the Backfit Rule or
any issue finality provisions under 10
CFR part 52. Neither the Backfit Rule
nor the issue finality provisions under
10 CFR part 52—with certain
exclusions—were intended to apply to
every NRC action that substantially
changes the expectations of current and
future applicants. The exceptions to the
general principle are applicable
whenever an applicant references a 10
CFR part 52 license (e.g., an early site
permit) or NRC regulatory approval
(e.g., a design certification rule) with
specified issue finality provisions. The
NRC staff does not, at this time, intend
to impose the positions represented in
the SRP in a manner that is inconsistent
with any issue finality provisions. If, in
the future, the staff seeks to impose a
position in the SRP section in a manner
that does not provide issue finality as
described in the applicable issue finality
provision, then the staff must address
the criteria for avoiding issue finality as
described in the applicable issue finality
provision.
26785
POSTAL SERVICE
Board of Governors; Sunshine Act
Meeting; Cancellation of Closed
Session
On April 22, 2014, the
Board of Governors of the U.S. Postal
Service filed a public announcement
that it would meet in closed session on
May 8, 2014, at 12:45 p.m., Eastern
Daylight Time. That announcement
further stated that the Board would meet
in open session the following day, May
9, 2014, at 8:30 a.m., and would
reconvene in closed session at 10:30
a.m. if needed to complete its closed
session agenda. This announcement was
published in the Federal Register on
April 24, 2014, 79 FR 22837. The
purpose of the present announcement is
to inform the public that the closed
session of the Board’s meeting has been
cancelled. The previously announced
open session of the Board will begin as
scheduled at 8:30 a.m. on May 9, 2014.
Following the conclusion of the
scheduled public agenda, in accordance
with section 7.5(c)(2) of its Bylaws (39
CFR 7.5(c)(2)), the Board may vote to
continue the meeting in a closed session
to discuss appropriate matters.
CONTACT PERSON FOR MORE INFORMATION:
Julie S. Moore, Secretary of the Board,
U.S. Postal Service, 475 L’Enfant Plaza
SW., Washington, DC 20260–1000.
Telephone (202) 268–4800.
DATE AND TIME:
Julie S. Moore,
Secretary.
[FR Doc. 2014–10865 Filed 5–7–14; 4:15 pm]
BILLING CODE 7710–12–P
SECURITIES AND EXCHANGE
COMMISSION
III. Congressional Review Act
[Release No. 34–72095; File No. SR–Phlx–
2014–29]
This action is a rule as defined in the
Congressional Review Act (5 U.S.C.
801–808). However, the Office of
Management and Budget has not found
it to be a major rule as defined in the
Congressional Review Act.
Self-Regulatory Organizations;
NASDAQ OMX PHLX LLC; Notice of
Filing and Immediate Effectiveness of
Proposed Rule Change Relating to
Mini Options Pricing
Dated at Rockville, Maryland, this 1st day
of May 2014.
For the Nuclear Regulatory Commission.
Stephen Koenick,
Acting Chief, Policy Branch, Division of
Advanced Reactors and Rulemaking, Office
of New Reactors.
[FR Doc. 2014–10715 Filed 5–8–14; 8:45 am]
BILLING CODE 7590–01–P
PO 00000
May 5, 2014.
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 April 30,
2014, NASDAQ OMX PHLX LLC
(‘‘Phlx’’ or ‘‘Exchange’’) filed with the
Securities and Exchange Commission
(‘‘SEC’’ or ‘‘Commission’’) the proposed
rule change as described in Items I and
II, below, which Items have been
1 15
2 17
Frm 00076
Fmt 4703
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U.S.C. 78s(b)(1).
CFR 240.19b–4.
E:\FR\FM\09MYN1.SGM
09MYN1
26786
Federal Register / Vol. 79, No. 90 / Friday, May 9, 2014 / Notices
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
Pricing Schedule to replace the
reference to ‘‘GOOG7’’ to ‘‘GOLG7’’ with
respect to pricing for Mini Options.
The text of the proposed rule change
is available on the Exchange’s Web site
at https://www.nasdaqtrader.com/
micro.aspx?id=PHLXRulefilings, 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
Exchange 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
Exchange 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
ehiers on DSK2VPTVN1PROD with NOTICES
1. Purpose
The Exchange proposes to amend
Section A of the Pricing Schedule,
regarding Mini Options pricing, to
replace the reference to ‘‘GOOG7’’ to
‘‘GOLG7.’’ Today, the Exchange has
pricing for the following Mini Options
symbols: AAPL7, AMZN7, GLD7,
GOOG7, SPY7. The Exchange is
proposing to make this change because,
on April 3, 2014, Google issued a new
class of shares (class C) to its
shareholders in lieu of a cash dividend
payment. Additionally, these new class
C shares were given the ticker, ‘‘GOOG’’;
while the class A shares changed their
ticker from ‘‘GOOG’’ to ‘‘GOOGL’’. The
Exchange is proposing to change the
Google ticker referenced in Section A of
the Pricing Schedule from ‘‘GOOG7’’ to
‘‘GOLG7.’’ The suffix ‘‘7’’ identifies the
Mini Options product.
Mini Options trade on a list of
underlying securities outlined in
Supplementary Material .13 to Rule
1012. This change is meant to continue
the inclusion of class A shares of Google
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14:53 May 08, 2014
Jkt 232001
in the current list of underlying
securities that will receive the pricing
for Mini Options specified in Section A
of the Pricing Schedule. As a result, the
proposed change will also help avoid
confusion.
In addition, the Exchange proposes to
amend a typographical error in Section
A to remove repetitive rule text which
was inadvertently included in the
Pricing Schedule.
2. Statutory Basis
The Exchange believes the proposed
rule change is consistent with the
Securities Exchange Act of 1934 (the
‘‘Act’’) and the rules and regulations
thereunder applicable to the Exchange
and, in particular, the requirements of
Section 6(b) of the Act.3 Specifically,
the Exchange believes the proposed rule
change is consistent with the Section
6(b)(5) 4 requirements that the rules of
an exchange be 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.
Additionally, the Exchange believes the
proposed rule change is consistent with
the Section 6(b)(5) 5 requirement that
the rules of an exchange not be designed
to permit unfair discrimination between
customers, issuers, brokers, or dealers.
The Exchange’s pricing will not
substantively change as a result of this
rule change; rather the pricing for Mini
Options applicable to GOLG7 will
continue to remain in effect with the
correction to the Pricing Schedule. The
Exchange proposes to accurately reflect
the symbol for GOLG7 to avoid investor
confusion with respect to pricing. The
Exchange believes that correcting the
Pricing Schedule will ensure that
members are aware of the symbol
change. In addition, the Exchange is
correcting a typographical error in the
Pricing Schedule to ensure the accuracy
of the Pricing Schedule.
B. Self-Regulatory Organization’s
Statement on Burden on Competition
Phlx does not believe that the
proposed rule change will impose any
burden on competition that is not
necessary or appropriate in furtherance
3 15
4 15
U.S.C. 78f(b).
U.S.C. 78f(b)(5).
5 Id.
PO 00000
Frm 00077
Fmt 4703
Sfmt 4703
of the purposes of the Act. The
proposed change does not impose any
burden on intramarket competition
because it applies to all members and
member organizations. There is no
burden on intermarket competition as
the proposed change is merely
attempting to update the new ticker for
Google class A for Mini Options. As a
result, there will be no substantive
changes to the Exchange’s Pricing
Schedule.
C. Self-Regulatory Organization’s
Statement on Comments on the
Proposed Rule Change Received From
Members, Participants, or Others
No written comments were either
solicited or received.
III. Date of Effectiveness of the
Proposed Rule Change and Timing for
Commission Action
Because the proposed rule change
does not (i) Significantly affect the
protection of investors or the public
interest; (ii) impose any significant
burden on competition; and (iii) become
operative for 30 days from the date on
which it was filed, or such shorter time
as the Commission may designate if
consistent with the protection of
investors and the public interest, the
proposed rule change has become
effective pursuant to Section 19(b)(3)(A)
of the Act 6 and Rule 19b–4(f)(6)(iii)
thereunder.7
The Exchange has asked the
Commission to waive the 30-day
operative delay so that the proposal may
become operative immediately upon
filing. The Commission believes that
waiving the 30-day operative delay is
consistent with the protection of
investors and the public interest
because accurately reflecting the
underlying symbol change in the pricing
schedule will avoid investor confusion
with respect to pricing. For this reason,
the Commission waives the operative
delay and designates the proposed rule
change to be operative upon filing.8
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
6 15
U.S.C. 78s(b)(3)(A).
CFR 240.19b–4(f)(6)(iii). As required under
Rule 19b–4(f)(6)(iii), the Exchange provided the
Commission with written notice of its intent to file
the proposed rule change, along with a brief
description and the 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.
8 For purposes only of waiving the 30-day
operative delay, the Commission has considered the
proposed rule’s impact on efficiency, competition,
and capital formation. See 15 U.S.C. 78c(f).
7 17
E:\FR\FM\09MYN1.SGM
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Federal Register / Vol. 79, No. 90 / Friday, May 9, 2014 / Notices
action is: (i) Necessary or appropriate in
the public interest; (ii) for the protection
of investors; or (iii) otherwise in
furtherance of the purposes of the Act.
If the Commission takes such action, the
Commission shall institute proceedings
to determine whether the proposed rule
should be approved or disapproved.
IV. Solicitation of Comments
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–
Phlx–2014–29 on the subject line.
ehiers on DSK2VPTVN1PROD with NOTICES
Paper Comments
• Send paper comments in triplicate
to Secretary, Securities and Exchange
Commission, 100 F Street NE.,
Washington, DC 20549–1090.
All submissions should refer to File
Number SR–Phlx–2014–29. 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 such
filing also will be available for
inspection and copying at the principal
offices 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–Phlx–
VerDate Mar<15>2010
14:53 May 08, 2014
Jkt 232001
2014–29, and should be submitted on or
before May 30, 2014.
the Commission’s Public Reference
Room.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.9
Kevin M. O’Neill,
Deputy Secretary.
II. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
[FR Doc. 2014–10652 Filed 5–8–14; 8:45 am]
BILLING CODE 8011–01–P
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:
26787
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–72094; File No. SR–Phlx–
2014–28]
Self-Regulatory Organizations;
NASDAQ OMX PHLX LLC; Notice of
Filing and Immediate Effectiveness of
Proposed Rule Change Relating to
JBO Orders
May 5, 2014.
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 May 1,
2014, NASDAQ OMX PHLX LLC
(‘‘Phlx’’ or ‘‘Exchange’’) filed with the
Securities and Exchange Commission
(‘‘SEC’’ or ‘‘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
Pricing Schedule to assess joint back
office (‘‘JBO’’) 3 participants pricing the
same as Broker-Dealers 4 and require
JBO participants to utilize a new origin
code to identify JBO orders.
The Exchange proposes that the
amendments become operative on July
1, 2014.
The text of the proposed rule change
is available on the Exchange’s Web site
at https://www.nasdaqtrader.com/
micro.aspx?id=PHLXRulefilings, at the
principal office of the Exchange, and at
9 17
CFR 200.30–3(a)(12).
U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
3 A JBO participant is a member, member
organization or non-member organization that
maintains a JBO arrangement with a clearing
broker-dealer (‘‘JBO Broker’’) subject to the
requirements of Regulation T Section 220.7 of the
Federal Reserve System. See also Exchange Rule
703.
4 The term ‘‘Broker-Dealer’’ applies to any
transaction which is not subject to any of the other
transaction fees applicable within a particular
category.
1 15
PO 00000
Frm 00078
Fmt 4703
Sfmt 4703
In its filing with the Commission, the
Exchange 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
Exchange 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 introduce a
new origin code to its Pricing Schedule
which will be used to indicate orders for
a JBO account to be cleared into the
Firm range at The Options Clearing
Corporation (‘‘OCC’’) for purposes of
pricing only. Further, the Exchange
proposes to assess fees and pay rebates
to JBO Orders the same as BrokerDealers.
Currently, JBO orders clear in the
Firm 5 range at OCC as do Firm orders.
The Exchange is proposing to introduce
an origin code for members and member
organizations to identify orders for a
JBO account. Today, the Exchange
requires members and member
organizations to notify the Exchange in
writing and indicate which accounts are
used to segregate orders of JBO
participants from other Firm orders.6
The origin code will simplify the
process of identifying JBO orders for
purposes of pricing only. Members and
member organizations would be
required to mark their JBO orders in
accordance with the technical
specifications definitions which are
provided by the Exchange. This rule
change will not impact the manner in
which JBO orders are treated for
purposes of other Exchange Rules
including but not limited to priority in
the Exchange’s trading system. With this
proposal, JBO orders will continue to be
cleared in the Firm range at OCC.
Today, JBO orders are assessed
5 The term ‘‘Firm’’ applies to any transaction that
is identified by a member or member organization
for clearing in the Firm range at OCC.
6 See Securities Exchange Act Release No. 62661
(August 13, 2010), 75 FR 49544 (August 6, 2010)
(SR–Phlx–2010–110).
E:\FR\FM\09MYN1.SGM
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]]>Agencies
[Federal Register Volume 79, Number 90 (Friday, May 9, 2014)]
[Notices]
[Pages 26785-26787]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-10652]
=======================================================================
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-72095; File No. SR-Phlx-2014-29]
Self-Regulatory Organizations; NASDAQ OMX PHLX LLC; Notice of
Filing and Immediate Effectiveness of Proposed Rule Change Relating to
Mini Options Pricing
May 5, 2014.
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 April 30, 2014, NASDAQ OMX PHLX LLC (``Phlx'' or ``Exchange'') filed
with the Securities and Exchange Commission (``SEC'' or ``Commission'')
the proposed rule change as described in Items I and II, below, which
Items have been
[[Page 26786]]
prepared by the Exchange. 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 to amend its Pricing Schedule to replace the
reference to ``GOOG7'' to ``GOLG7'' with respect to pricing for Mini
Options.
The text of the proposed rule change is available on the Exchange's
Web site at https://www.nasdaqtrader.com/micro.aspx?id=PHLXRulefilings,
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 Exchange 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 Exchange 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 Section A of the Pricing Schedule,
regarding Mini Options pricing, to replace the reference to ``GOOG7''
to ``GOLG7.'' Today, the Exchange has pricing for the following Mini
Options symbols: AAPL7, AMZN7, GLD7, GOOG7, SPY7. The Exchange is
proposing to make this change because, on April 3, 2014, Google issued
a new class of shares (class C) to its shareholders in lieu of a cash
dividend payment. Additionally, these new class C shares were given the
ticker, ``GOOG''; while the class A shares changed their ticker from
``GOOG'' to ``GOOGL''. The Exchange is proposing to change the Google
ticker referenced in Section A of the Pricing Schedule from ``GOOG7''
to ``GOLG7.'' The suffix ``7'' identifies the Mini Options product.
Mini Options trade on a list of underlying securities outlined in
Supplementary Material .13 to Rule 1012. This change is meant to
continue the inclusion of class A shares of Google in the current list
of underlying securities that will receive the pricing for Mini Options
specified in Section A of the Pricing Schedule. As a result, the
proposed change will also help avoid confusion.
In addition, the Exchange proposes to amend a typographical error
in Section A to remove repetitive rule text which was inadvertently
included in the Pricing Schedule.
2. Statutory Basis
The Exchange believes the proposed rule change is consistent with
the Securities Exchange Act of 1934 (the ``Act'') and the rules and
regulations thereunder applicable to the Exchange and, in particular,
the requirements of Section 6(b) of the Act.\3\ Specifically, the
Exchange believes the proposed rule change is consistent with the
Section 6(b)(5) \4\ requirements that the rules of an exchange be
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. Additionally,
the Exchange believes the proposed rule change is consistent with the
Section 6(b)(5) \5\ requirement that the rules of an exchange not be
designed to permit unfair discrimination between customers, issuers,
brokers, or dealers.
---------------------------------------------------------------------------
\3\ 15 U.S.C. 78f(b).
\4\ 15 U.S.C. 78f(b)(5).
\5\ Id.
---------------------------------------------------------------------------
The Exchange's pricing will not substantively change as a result of
this rule change; rather the pricing for Mini Options applicable to
GOLG7 will continue to remain in effect with the correction to the
Pricing Schedule. The Exchange proposes to accurately reflect the
symbol for GOLG7 to avoid investor confusion with respect to pricing.
The Exchange believes that correcting the Pricing Schedule will ensure
that members are aware of the symbol change. In addition, the Exchange
is correcting a typographical error in the Pricing Schedule to ensure
the accuracy of the Pricing Schedule.
B. Self-Regulatory Organization's Statement on Burden on Competition
Phlx does not believe that the proposed rule change will impose any
burden on competition that is not necessary or appropriate in
furtherance of the purposes of the Act. The proposed change does not
impose any burden on intramarket competition because it applies to all
members and member organizations. There is no burden on intermarket
competition as the proposed change is merely attempting to update the
new ticker for Google class A for Mini Options. As a result, there will
be no substantive changes to the Exchange's Pricing Schedule.
C. Self-Regulatory Organization's Statement on Comments on the Proposed
Rule Change Received From Members, Participants, or Others
No written comments were either solicited or received.
III. Date of Effectiveness of the Proposed Rule Change and Timing for
Commission Action
Because the proposed rule change does not (i) Significantly affect
the protection of investors or the public interest; (ii) impose any
significant burden on competition; and (iii) become operative for 30
days from the date on which it was filed, or such shorter time as the
Commission may designate if consistent with the protection of investors
and the public interest, the proposed rule change has become effective
pursuant to Section 19(b)(3)(A) of the Act \6\ and Rule 19b-
4(f)(6)(iii) thereunder.\7\
---------------------------------------------------------------------------
\6\ 15 U.S.C. 78s(b)(3)(A).
\7\ 17 CFR 240.19b-4(f)(6)(iii). As required under Rule 19b-
4(f)(6)(iii), the Exchange provided the Commission with written
notice of its intent to file the proposed rule change, along with a
brief description and the 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 asked the Commission to waive the 30-day operative
delay so that the proposal may become operative immediately upon
filing. The Commission believes that waiving the 30-day operative delay
is consistent with the protection of investors and the public interest
because accurately reflecting the underlying symbol change in the
pricing schedule will avoid investor confusion with respect to pricing.
For this reason, the Commission waives the operative delay and
designates the proposed rule change to be operative upon filing.\8\
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\8\ For purposes only of waiving the 30-day operative delay, the
Commission has considered the proposed rule's impact on efficiency,
competition, and capital formation. See 15 U.S.C. 78c(f).
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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
[[Page 26787]]
action is: (i) Necessary or appropriate in the public interest; (ii)
for the protection of investors; or (iii) otherwise in furtherance of
the purposes of the Act. If the Commission takes such action, the
Commission shall institute proceedings to determine whether the
proposed rule should be approved or 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-Phlx-2014-29 on the subject line.
Paper Comments
Send paper comments in triplicate to Secretary, Securities
and Exchange Commission, 100 F Street NE., Washington, DC 20549-1090.
All submissions should refer to File Number SR-Phlx-2014-29. 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 such filing also will be available
for inspection and copying at the principal offices 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-Phlx-2014-29,
and should be submitted on or before May 30, 2014.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\9\
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\9\ 17 CFR 200.30-3(a)(12).
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Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2014-10652 Filed 5-8-14; 8:45 am]
BILLING CODE 8011-01-P
