Self-Regulatory Organizations; International Securities Exchange, LLC; Notice of Designation of a Longer Period for Commission Action on Proposed Rule Change Related to Market Maker Risk Parameters, 27360-27361 [2014-10898]

Download as PDF 27360 Federal Register / Vol. 79, No. 92 / Tuesday, May 13, 2014 / Notices accomplished by way of a rule filing with the Commission. 2. Statutory Basis The Exchange believes the proposed rule changes are consistent with the Act and the rules and regulations thereunder applicable to the Exchange and, in particular, the requirements of Section 6(b) of the Act.10 Specifically, the Exchange believes the proposed rule changes are consistent with the Section 6(b)(5) 11 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. The Exchange believes that increasing the minimum margin requirements for certain volatility index options will protect the integrity of the Exchange’s marketplace by setting margin at a level that is appropriate for the given instrument. Also, the Exchange believes that the proposed changes will benefit investors and other market participants by making CBOE’s rules more userfriendly in that the applicable margin levels will be easier to locate in CBOE’s Rulebook. mstockstill on DSK4VPTVN1PROD with NOTICES B. Self-Regulatory Organization’s Statement on Burden on Competition CBOE 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 Exchange does not believe that the proposed rule change will impose any burden on intramarket competition because it applies to all customers that hold positions in volatility index options. The Exchange does not believe the proposed rule changes will impose any burden on intermarket competition as it will result in margin levels being increased to appropriate levels for volatility index options. C. Self-Regulatory Organization’s Statement on Comments on the Proposed Rule Change Received From Members, Participants, or Others No written comments were solicited or received with respect to the proposed rule change. 10 15 11 15 U.S.C. 78f(b). U.S.C. 78f(b)(5). VerDate Mar<15>2010 19:27 May 12, 2014 Jkt 232001 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 up to 90 days (i) as the Commission may designate if it finds such longer period to be appropriate and publishes its reasons for so finding or (ii) as to which the Exchange 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. 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– CBOE–2014–039 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–CBOE–2014–039. 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 Frm 00084 Fmt 4703 Sfmt 4703 For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.12 Kevin M. O’Neill, Deputy Secretary. [FR Doc. 2014–10896 Filed 5–12–14; 8:45 am] BILLING CODE 8011–01–P IV. Solicitation of Comments PO 00000 inspection and copying at the principal office of the CBOE. 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–CBOE– 2014–039 and should be submitted on or before June 3, 2014. SECURITIES AND EXCHANGE COMMISSION [Release No. 34–72117; File No. SR–ISE– 2014–09] Self-Regulatory Organizations; International Securities Exchange, LLC; Notice of Designation of a Longer Period for Commission Action on Proposed Rule Change Related to Market Maker Risk Parameters May 7, 2014. On March 10, 2014, the International Securities Exchange, LLC (the ‘‘Exchange’’ or ‘‘ISE’’) filed with the Securities and Exchange Commission (‘‘Commission’’), pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (‘‘Act’’) 1 and Rule 19b–4 thereunder,2 a proposed rule change to amend ISE Rules 722 and 804 to mitigate market maker risk by adopting an Exchange-provided risk management functionality. The proposed rule change was published for comment in the Federal Register on March 26, 2014.3 The Commission received no comments on the proposal. Section 19(b)(2) of the Act 4 provides that within 45 days of the publication of notice of the filing of a proposed rule change, or within such longer period up to 90 days as the Commission may designate if it finds such longer period to be appropriate and publishes its reasons for so finding or as to which the self-regulatory organization consents, the Commission shall either approve the proposed rule change, disapprove the proposed rule change, or institute proceedings to determine whether the 12 17 CFR 200.30–3(a)(12). U.S.C. 78s(b)(1). 2 17 CFR 240.19b–4. 3 See Securities Exchange Act Release No. 71759 (March 20, 2014), 79 FR 16850. 4 15 U.S.C. 78s(b)(2). 1 15 E:\FR\FM\13MYN1.SGM 13MYN1 Federal Register / Vol. 79, No. 92 / Tuesday, May 13, 2014 / Notices proposed rule change should be disapproved. The 45th day for this filing is May 10, 2014. The Commission is extending this 45-day time period. The Commission finds it appropriate to designate a longer period within which to take action on the proposed rule change, so that it has sufficient time to consider this proposed rule change. Accordingly, the Commission, pursuant to Section 19(b)(2) of the Act,5 designates June 24, 2014, as the date by which the Commission shall either approve or disapprove, or institute proceedings to determine whether to disapprove, the proposed rule change (File No. SR–ISE–2014–09). For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.6 Kevin M. O’Neill, Deputy Secretary. Primary Counties: (Physical Damage and Economic Injury Loans): Jones; Leake; Montgomery; Simpson; Warren. Contiguous Counties: (Economic Injury Loans Only): Louisiana: East Carroll; Madison; Tensas. Mississippi: Carroll; Claiborne; Covington; Forrest; Grenada; Issaquena; Jefferson Davis; Lawrence; Newton; Webster. All other information in the original declaration remains unchanged. (Catalog of Federal Domestic Assistance Numbers 59002 and 59008) James E. Rivera, Associate Administrator for Disaster Assistance. [FR Doc. 2014–10926 Filed 5–12–14; 8:45 am] BILLING CODE 8025–01–P [FR Doc. 2014–10898 Filed 5–12–14; 8:45 am] BILLING CODE 8011–01–P SMALL BUSINESS ADMINISTRATION [Disaster Declaration #13957 and #13958] SMALL BUSINESS ADMINISTRATION [Disaster Declaration #13959 and #13960] U.S. Small Business Administration. ACTION: Amendment 1. AGENCY: Mississippi Disaster Number MS– 00072 U.S. Small Business Administration. ACTION: Amendment 2. AGENCY: This is an amendment of the Presidential declaration of a major disaster for the State of Mississippi (FEMA–4175–DR), dated 04/30/2014. Incident: Severe storms, tornadoes, and flooding. Incident Period: 04/28/2014 through 05/03/2014. Effective Date: 05/06/2014. Physical Loan Application Deadline Date: 06/30/2014. EIDL Loan Application Deadline Date: 01/30/2015. ADDRESSES: Submit completed loan applications to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155. FOR FURTHER INFORMATION CONTACT: A. Escobar, Office of Disaster Assistance, U.S. Small Business Administration, 409 3rd Street SW., Suite 6050, Washington, DC 20416. SUPPLEMENTARY INFORMATION: The notice of the Presidential disaster declaration for the State of MISSISSIPPI, dated 04/30/2014 is hereby amended to include the following areas as adversely affected by the disaster: mstockstill on DSK4VPTVN1PROD with NOTICES 5 Id. CFR 200.30–3(a)(31). VerDate Mar<15>2010 19:27 May 12, 2014 This is an amendment of the Presidential declaration of a major disaster for the State of Arkansas (FEMA–4174–DR), dated 04/29/2014. Incident: Severe Storms, Tornadoes, and Flooding. Incident Period: 04/27/2014. Effective Date: 05/05/2014. Physical Loan Application Deadline Date: 06/30/2014. EIDL Loan Application Deadline Date: 01/29/2015. ADDRESSES: Submit completed loan applications to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155. FOR FURTHER INFORMATION CONTACT: A. Escobar, Office of Disaster Assistance, U.S. Small Business Administration, 409 3rd Street SW., Suite 6050, Washington, DC 20416. SUPPLEMENTARY INFORMATION: The notice of the Presidential disaster declaration for the State of Arkansas, dated 04/29/2014 is hereby amended to include the following areas as adversely affected by the disaster: Primary Counties: (Physical Damage and Economic Injury Loans): Pulaski; Randolph; White. Contiguous Counties: (Economic Injury Loans Only): Arkansas: Clay; Grant; Greene; Independence; Jackson; Jefferson; SUMMARY: SUMMARY: 6 17 Arkansas Disaster Number AR–00070 Jkt 232001 PO 00000 Frm 00085 Fmt 4703 Sfmt 4703 27361 Lawrence; Prairie; Saline; Sharp; Woodruff. Missouri: Oregon; Ripley. All other information in the original declaration remains unchanged. (Catalog of Federal Domestic Assistance Numbers 59002 and 59008) James E. Rivera, Associate Administrator for Disaster Assistance. [FR Doc. 2014–10925 Filed 5–12–14; 8:45 am] BILLING CODE 8025–01–P SMALL BUSINESS ADMINISTRATION [Disaster Declaration #13971 and #13972] Florida Disaster #FL–00100 U.S. Small Business Administration. ACTION: Notice. AGENCY: This is a Notice of the Presidential declaration of a major disaster for the State of Florida (FEMA– 4177–DR), dated 05/06/2014. Incident: Severe Storms, Tornadoes, Straight-line Winds, and Flooding. Incident Period: 04/28/2014 through 05/06/2014. Effective Date: 05/06/2014. Physical Loan Application Deadline Date: 07/07/2014. Economic Injury (EIDL) Loan Application Deadline Date: 02/06/2015. ADDRESSES: Submit completed loan applications to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155. FOR FURTHER INFORMATION CONTACT: A. Escobar, Office of Disaster Assistance, U.S. Small Business Administration, 409 3rd Street SW., Suite 6050, Washington, DC 20416. SUPPLEMENTARY INFORMATION: Notice is hereby given that as a result of the President’s major disaster declaration on 05/06/2014, applications for disaster loans may be filed at the address listed above or other locally announced locations. The following areas have been determined to be adversely affected by the disaster: Primary Counties (Physical Damage and Economic Injury Loans): Escambia, Santa Rosa. Contiguous Counties (Economic Injury Loans Only): Florida: Okaloosa. Alabama: Baldwin, Escambia. The Interest Rates are: SUMMARY: Percent For Physical Damage: E:\FR\FM\13MYN1.SGM 13MYN1

Agencies

SECURITIES AND EXCHANGE COMMISSION

[Federal Register Volume 79, Number 92 (Tuesday, May 13, 2014)]
[Notices]
[Pages 27360-27361]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-10898]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-72117; File No. SR-ISE-2014-09]


Self-Regulatory Organizations; International Securities Exchange, 
LLC; Notice of Designation of a Longer Period for Commission Action on 
Proposed Rule Change Related to Market Maker Risk Parameters

 May 7, 2014.
    On March 10, 2014, the International Securities Exchange, LLC (the 
``Exchange'' or ``ISE'') filed with the Securities and Exchange 
Commission (``Commission''), pursuant to Section 19(b)(1) of the 
Securities Exchange Act of 1934 (``Act'') \1\ and Rule 19b-4 
thereunder,\2\ a proposed rule change to amend ISE Rules 722 and 804 to 
mitigate market maker risk by adopting an Exchange-provided risk 
management functionality. The proposed rule change was published for 
comment in the Federal Register on March 26, 2014.\3\ The Commission 
received no comments on the proposal.
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ See Securities Exchange Act Release No. 71759 (March 20, 
2014), 79 FR 16850.
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    Section 19(b)(2) of the Act \4\ provides that within 45 days of the 
publication of notice of the filing of a proposed rule change, or 
within such longer period up to 90 days as the Commission may designate 
if it finds such longer period to be appropriate and publishes its 
reasons for so finding or as to which the self-regulatory organization 
consents, the Commission shall either approve the proposed rule change, 
disapprove the proposed rule change, or institute proceedings to 
determine whether the

[[Page 27361]]

proposed rule change should be disapproved. The 45th day for this 
filing is May 10, 2014. The Commission is extending this 45-day time 
period.
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    \4\ 15 U.S.C. 78s(b)(2).
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    The Commission finds it appropriate to designate a longer period 
within which to take action on the proposed rule change, so that it has 
sufficient time to consider this proposed rule change.
    Accordingly, the Commission, pursuant to Section 19(b)(2) of the 
Act,\5\ designates June 24, 2014, as the date by which the Commission 
shall either approve or disapprove, or institute proceedings to 
determine whether to disapprove, the proposed rule change (File No. SR-
ISE-2014-09).
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    \5\ Id.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\6\
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    \6\ 17 CFR 200.30-3(a)(31).
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Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2014-10898 Filed 5-12-14; 8:45 am]
BILLING CODE 8011-01-P

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