Program for Allocation of Regulatory Responsibilities Pursuant to Rule 17d-2; Order Approving and Declaring Effective a Proposed Amended Plan for the Allocation of Regulatory Responsibilities Between the Financial Industry Regulatory Authority, Inc., the Chicago Board Options Exchange, Incorporated, and C2 Options Exchange, Incorporated, 27965-27966 [2014-11155]
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Federal Register / Vol. 79, No. 94 / Thursday, May 15, 2014 / Notices
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–BX–
2014–025 and should be submitted on
or before June 5, 2014.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.14
Kevin M. O’Neill,
Deputy Secretary.
[FR Doc. 2014–11160 Filed 5–14–14; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–72137; File No. 4–536]
Program for Allocation of Regulatory
Responsibilities Pursuant to Rule
17d–2; Order Approving and Declaring
Effective a Proposed Amended Plan
for the Allocation of Regulatory
Responsibilities Between the Financial
Industry Regulatory Authority, Inc., the
Chicago Board Options Exchange,
Incorporated, and C2 Options
Exchange, Incorporated
TKELLEY on DSK3SPTVN1PROD with NOTICES
May 9, 2014.
On March 24, 2014, the Financial
Industry Regulatory Authority, Inc.
(‘‘FINRA’’), the Chicago Board Options
Exchange, Incorporated (‘‘CBOE’’), and
C2 Options Exchange, Incorporated
(‘‘C2’’) (collectively, the ‘‘Parties’’) filed
with the Securities and Exchange
Commission (‘‘Commission’’ or ‘‘SEC’’)
an amended plan for the allocation of
regulatory responsibilities, dated March
21, 2014 (‘‘Amended 17d–2 Plan’’ or the
‘‘Amended Plan’’). The Amended Plan
was published for comment on April 23,
2014.1 The Commission received no
comments on the Amended Plan. This
14 17
CFR 200.30–3(a)(12).
Securities Exchange Act Release No. 71964
(April 17, 2014), 79 FR 22709 (April 23, 2014).
1 See
VerDate Mar<15>2010
18:18 May 14, 2014
Jkt 232001
order approves and declares effective
the Amended Plan.
I. Introduction
Section 19(g)(1) of the Securities
Exchange Act of 1934 (‘‘Act’’),2 among
other things, requires every selfregulatory organization (‘‘SRO’’)
registered as either a national securities
exchange or national securities
association to examine for, and enforce
compliance by, its members and persons
associated with its members with the
Act, the rules and regulations
thereunder, and the SRO’s own rules,
unless the SRO is relieved of this
responsibility pursuant to Section 17(d)
or Section 19(g)(2) of the Act.3 Without
this relief, the statutory obligation of
each individual SRO could result in a
pattern of multiple examinations of
broker-dealers that maintain
memberships in more than one SRO
(‘‘Common Members’’). Such regulatory
duplication would add unnecessary
expenses for common members and
their SROs.
Section 17(d)(1) of the Act 4 was
intended, in part, to eliminate
unnecessary multiple examinations and
regulatory duplication.5 With respect to
a common member, Section 17(d)(1)
authorizes the Commission, by rule or
order, to relieve an SRO of the
responsibility to receive regulatory
reports, to examine for and enforce
compliance with applicable statutes,
rules, and regulations, or to perform
other specified regulatory functions.
To implement Section 17(d)(1), the
Commission adopted two rules: Rule
17d–1 and Rule 17d–2 under the Act.6
Rule 17d–1 authorizes the Commission
to name a single SRO as the designated
examining authority (‘‘DEA’’) to
examine common members for
compliance with the financial
responsibility requirements imposed by
the Act, or by Commission or SRO
rules.7 When an SRO has been named as
a common member’s DEA, all other
SROs to which the common member
belongs are relieved of the responsibility
to examine the firm for compliance with
the applicable financial responsibility
rules. On its face, Rule 17d–1 deals only
with an SRO’s obligations to enforce
member compliance with financial
2 15
U.S.C. 78s(g)(1).
U.S.C. 78q(d) and 15 U.S.C. 78s(g)(2),
respectively.
4 15 U.S.C. 78q(d)(1).
5 See Securities Act Amendments of 1975, Report
of the Senate Committee on Banking, Housing, and
Urban Affairs to Accompany S. 249, S. Rep. No. 94–
75, 94th Cong., 1st Session 32 (1975).
6 17 CFR 240.17d–1 and 17 CFR 240.17d–2,
respectively.
7 See Securities Exchange Act Release No. 12352
(April 20, 1976), 41 FR 18808 (May 7, 1976).
3 15
PO 00000
Frm 00129
Fmt 4703
Sfmt 4703
27965
responsibility requirements. Rule 17d–1
does not relieve an SRO from its
obligation to examine a common
member for compliance with its own
rules and provisions of the federal
securities laws governing matters other
than financial responsibility, including
sales practices and trading activities and
practices.
To address regulatory duplication in
these and other areas, the Commission
adopted Rule 17d–2 under the Act.8
Rule 17d–2 permits SROs to propose
joint plans for the allocation of
regulatory responsibilities with respect
to their common members. Under
paragraph (c) of Rule 17d–2, the
Commission may declare such a plan
effective if, after providing for
appropriate notice and comment, it
determines that the plan is necessary or
appropriate in the public interest and
for the protection of investors; to foster
cooperation and coordination among the
SROs; to remove impediments to, and
foster the development of, a national
market system and a national clearance
and settlement system; and is in
conformity with the factors set forth in
Section 17(d) of the Act. Commission
approval of a plan filed pursuant to Rule
17d–2 relieves an SRO of those
regulatory responsibilities allocated by
the plan to another SRO.
II. Proposed Plan
On May 14, 2007, the Commission
declared effective the Plan entered into
between NASD (n/k/a FINRA) and
CBOE for allocating regulatory
responsibility pursuant to Rule 17d–2.9
The Plan was originally intended to
reduce regulatory duplication for firms
that are common members of both CBOE
and FINRA, by allocating regulatory
responsibility with respect to certain
applicable laws, rules, and regulations,
including responsibility for CBOE rules
applicable to the CBOE Stock Exchange,
LLC (‘‘CBSX’’), an equity exchange
facility formerly operated by CBOE.
Included in the original Plan is an
exhibit that lists every CBOE rule for
which FINRA bears responsibility under
the Plan for overseeing and enforcing
with respect to CBOE members that are
also members of FINRA and the
associated persons therewith
(‘‘Certification’’). On March 24, 2014,
the parties submitted a proposed
amendment to the Plan. The primary
purpose of the amendment is to add C2
as a participant to the Plan.
8 See Securities Exchange Act Release No. 12935
(October 28, 1976), 41 FR 49091 (November 8,
1976).
9 See Securities Exchange Act Release No. 55755
(May 14, 2007), 72 FR 28087 (May 18, 2007).
E:\FR\FM\15MYN1.SGM
15MYN1
27966
Federal Register / Vol. 79, No. 94 / Thursday, May 15, 2014 / Notices
TKELLEY on DSK3SPTVN1PROD with NOTICES
III. Discussion
The Commission finds that the
proposed Amended Plan is consistent
with the factors set forth in Section
17(d) of the Act 10 and Rule 17d–2(c)
thereunder 11 in that the proposed
Amended Plan is necessary or
appropriate in the public interest and
for the protection of investors, fosters
cooperation and coordination among
SROs, and removes impediments to and
fosters the development of the national
market system. In particular, the
Commission believes that the proposed
Amended Plan should reduce
unnecessary regulatory duplication by
allocating to FINRA certain examination
and enforcement responsibilities for
Common Members that would
otherwise be performed by CBOE, C2,
and FINRA. Accordingly, the proposed
Amended Plan promotes efficiency by
reducing costs to Common Members.
Furthermore, because CBOE, C2, and
FINRA will coordinate their regulatory
functions in accordance with the
Amended Plan, the Amended Plan
should promote investor protection.
The Commission notes that, under the
Amended Plan, CBOE, C2, and FINRA
have allocated regulatory responsibility
for those CBOE and C2 rules, set forth
in the Certification, that are
substantially similar to the applicable
FINRA rules in that examination for
compliance with such provisions and
rules would not require FINRA to
develop one or more new examination
standards, modules, procedures, or
criteria in order to analyze the
application of the rule, or a Common
Member’s activity, conduct, or output in
relation to such rule. In addition, under
the Amended Plan, FINRA would
assume regulatory responsibility for
certain provisions of the federal
securities laws and the rules and
regulations thereunder that are set forth
in the Certification. The Common Rules
covered by the Amended Plan are
specifically listed in the Certification, as
may be amended by the Parties from
time to time.
According to the Amended Plan,
CBOE and C2 will review the
Certification, at least annually, or more
frequently if required by changes in
either the rules of CBOE, C2, or FINRA,
and, if necessary, submit to FINRA an
updated list of Common Rules to add
CBOE and C2 rules not included on the
then-current list of Common Rules that
are substantially similar to FINRA rules;
delete CBOE and C2 rules included in
the then-current list of Common Rules
10 15
U.S.C. 78q(d).
11 17 CFR 240.17d–2(c).
VerDate Mar<15>2010
18:18 May 14, 2014
Jkt 232001
that are no longer substantially similar
to FINRA rules; and confirm that the
remaining rules on the list of Common
Rules continue to be CBOE and C2 rules
that are substantially similar to FINRA
rules.12 FINRA will then confirm in
writing whether the rules listed in any
updated list are Common Rules as
defined in the Amended Plan. Under
the Amended Plan, CBOE and C2 will
also provide FINRA with a current list
of Common Members and shall update
the list no less frequently than once
every six months.13 The Commission
believes that these provisions are
designed to provide for continuing
communication between the Parties to
ensure the continued accuracy of the
scope of the proposed allocation of
regulatory responsibility.
The Commission is hereby declaring
effective an Amended Plan that, among
other things, allocates regulatory
responsibility to FINRA for the
oversight and enforcement of all CBOE
and C2 rules that are substantially
similar to the rules of FINRA for
Common Members of CBOE and FINRA,
and C2 and FINRA. Therefore,
modifications to the Certification need
not be filed with the Commission as an
amendment to the Amended Plan,
provided that the Parties are only
adding to, deleting from, or confirming
changes to CBOE or C2 rules in the
Certification in conformance with the
definition of Common Rules provided in
the Amended Plan. However, should the
Parties decide to add a CBOE or C2 rule
to the Certification that is not
substantially similar to a FINRA rule;
delete a CBOE or C2 rule from the
Certification that is substantially similar
to a FINRA rule; or leave on the
Certification a CBOE or C2 rule that is
no longer substantially similar to a
FINRA rule, then such a change would
constitute an amendment to the
Amended Plan, which must be filed
with the Commission pursuant to Rule
17d–2 under the Act.14
IV. Conclusion
This Order gives effect to the
Amended Plan filed with the
Commission in File No. 4–536. The
Parties shall notify all members affected
by the Amended Plan of their rights and
obligations under the Amended Plan.
12 See
paragraph 2 of the Amended Plan.
paragraph 3 of the Amended Plan.
14 The Commission also notes that the addition to
or deletion from the Certification of any federal
securities laws, rules, and regulations for which
FINRA would bear responsibility under the
Amended Plan for examining, and enforcing
compliance by, Common Members, also would
constitute an amendment to the Amended Plan.
13 See
PO 00000
Frm 00130
Fmt 4703
Sfmt 4703
It is therefore ordered, pursuant to
Section 17(d) of the Act, that the
Amended Plan in File No. 4–536,
between FINRA, CBOE, and C2, filed
pursuant to Rule 17d–2 under the Act,
is approved and declared effective.
It is further ordered that CBOE and C2
are relieved of those responsibilities
allocated to FINRA under the Amended
Plan in File No. 4–536.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.15
Kevin M. O’Neill,
Deputy Secretary.
[FR Doc. 2014–11155 Filed 5–14–14; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–72135; File No. SR–Phlx–
2014–33]
Self-Regulatory Organizations;
NASDAQ OMX PHLX LLC; Notice of
Filing and Immediate Effectiveness of
Proposed Rule Change To Extend the
Implementation Rollout of the New
Options Floor Broker Management
System Until September 1, 2014
May 9, 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 7,
2014, NASDAQ OMX PHLX LLC
(‘‘Phlx’’ or ‘‘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 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 extend the
implementation rollout of its new
Options Floor Broker Management
System.
The text of the proposed rule change
is available on the Exchange’s Web site
at https://nasdaqomxphlx.cchwall
street.com, at the principal office of the
Exchange, and at the Commission’s
Public Reference Room.
15 17
CFR 200.30–3(a)(34).
U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
1 15
E:\FR\FM\15MYN1.SGM
15MYN1
]]>Agencies
[Federal Register Volume 79, Number 94 (Thursday, May 15, 2014)]
[Notices]
[Pages 27965-27966]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-11155]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-72137; File No. 4-536]
Program for Allocation of Regulatory Responsibilities Pursuant to
Rule 17d-2; Order Approving and Declaring Effective a Proposed Amended
Plan for the Allocation of Regulatory Responsibilities Between the
Financial Industry Regulatory Authority, Inc., the Chicago Board
Options Exchange, Incorporated, and C2 Options Exchange, Incorporated
May 9, 2014.
On March 24, 2014, the Financial Industry Regulatory Authority,
Inc. (``FINRA''), the Chicago Board Options Exchange, Incorporated
(``CBOE''), and C2 Options Exchange, Incorporated (``C2'')
(collectively, the ``Parties'') filed with the Securities and Exchange
Commission (``Commission'' or ``SEC'') an amended plan for the
allocation of regulatory responsibilities, dated March 21, 2014
(``Amended 17d-2 Plan'' or the ``Amended Plan''). The Amended Plan was
published for comment on April 23, 2014.\1\ The Commission received no
comments on the Amended Plan. This order approves and declares
effective the Amended Plan.
---------------------------------------------------------------------------
\1\ See Securities Exchange Act Release No. 71964 (April 17,
2014), 79 FR 22709 (April 23, 2014).
---------------------------------------------------------------------------
I. Introduction
Section 19(g)(1) of the Securities Exchange Act of 1934
(``Act''),\2\ among other things, requires every self-regulatory
organization (``SRO'') registered as either a national securities
exchange or national securities association to examine for, and enforce
compliance by, its members and persons associated with its members with
the Act, the rules and regulations thereunder, and the SRO's own rules,
unless the SRO is relieved of this responsibility pursuant to Section
17(d) or Section 19(g)(2) of the Act.\3\ Without this relief, the
statutory obligation of each individual SRO could result in a pattern
of multiple examinations of broker-dealers that maintain memberships in
more than one SRO (``Common Members''). Such regulatory duplication
would add unnecessary expenses for common members and their SROs.
---------------------------------------------------------------------------
\2\ 15 U.S.C. 78s(g)(1).
\3\ 15 U.S.C. 78q(d) and 15 U.S.C. 78s(g)(2), respectively.
---------------------------------------------------------------------------
Section 17(d)(1) of the Act \4\ was intended, in part, to eliminate
unnecessary multiple examinations and regulatory duplication.\5\ With
respect to a common member, Section 17(d)(1) authorizes the Commission,
by rule or order, to relieve an SRO of the responsibility to receive
regulatory reports, to examine for and enforce compliance with
applicable statutes, rules, and regulations, or to perform other
specified regulatory functions.
---------------------------------------------------------------------------
\4\ 15 U.S.C. 78q(d)(1).
\5\ See Securities Act Amendments of 1975, Report of the Senate
Committee on Banking, Housing, and Urban Affairs to Accompany S.
249, S. Rep. No. 94-75, 94th Cong., 1st Session 32 (1975).
---------------------------------------------------------------------------
To implement Section 17(d)(1), the Commission adopted two rules:
Rule 17d-1 and Rule 17d-2 under the Act.\6\ Rule 17d-1 authorizes the
Commission to name a single SRO as the designated examining authority
(``DEA'') to examine common members for compliance with the financial
responsibility requirements imposed by the Act, or by Commission or SRO
rules.\7\ When an SRO has been named as a common member's DEA, all
other SROs to which the common member belongs are relieved of the
responsibility to examine the firm for compliance with the applicable
financial responsibility rules. On its face, Rule 17d-1 deals only with
an SRO's obligations to enforce member compliance with financial
responsibility requirements. Rule 17d-1 does not relieve an SRO from
its obligation to examine a common member for compliance with its own
rules and provisions of the federal securities laws governing matters
other than financial responsibility, including sales practices and
trading activities and practices.
---------------------------------------------------------------------------
\6\ 17 CFR 240.17d-1 and 17 CFR 240.17d-2, respectively.
\7\ See Securities Exchange Act Release No. 12352 (April 20,
1976), 41 FR 18808 (May 7, 1976).
---------------------------------------------------------------------------
To address regulatory duplication in these and other areas, the
Commission adopted Rule 17d-2 under the Act.\8\ Rule 17d-2 permits SROs
to propose joint plans for the allocation of regulatory
responsibilities with respect to their common members. Under paragraph
(c) of Rule 17d-2, the Commission may declare such a plan effective if,
after providing for appropriate notice and comment, it determines that
the plan is necessary or appropriate in the public interest and for the
protection of investors; to foster cooperation and coordination among
the SROs; to remove impediments to, and foster the development of, a
national market system and a national clearance and settlement system;
and is in conformity with the factors set forth in Section 17(d) of the
Act. Commission approval of a plan filed pursuant to Rule 17d-2
relieves an SRO of those regulatory responsibilities allocated by the
plan to another SRO.
---------------------------------------------------------------------------
\8\ See Securities Exchange Act Release No. 12935 (October 28,
1976), 41 FR 49091 (November 8, 1976).
---------------------------------------------------------------------------
II. Proposed Plan
On May 14, 2007, the Commission declared effective the Plan entered
into between NASD (n/k/a FINRA) and CBOE for allocating regulatory
responsibility pursuant to Rule 17d-2.\9\ The Plan was originally
intended to reduce regulatory duplication for firms that are common
members of both CBOE and FINRA, by allocating regulatory responsibility
with respect to certain applicable laws, rules, and regulations,
including responsibility for CBOE rules applicable to the CBOE Stock
Exchange, LLC (``CBSX''), an equity exchange facility formerly operated
by CBOE. Included in the original Plan is an exhibit that lists every
CBOE rule for which FINRA bears responsibility under the Plan for
overseeing and enforcing with respect to CBOE members that are also
members of FINRA and the associated persons therewith
(``Certification''). On March 24, 2014, the parties submitted a
proposed amendment to the Plan. The primary purpose of the amendment is
to add C2 as a participant to the Plan.
---------------------------------------------------------------------------
\9\ See Securities Exchange Act Release No. 55755 (May 14,
2007), 72 FR 28087 (May 18, 2007).
---------------------------------------------------------------------------
[[Page 27966]]
III. Discussion
The Commission finds that the proposed Amended Plan is consistent
with the factors set forth in Section 17(d) of the Act \10\ and Rule
17d-2(c) thereunder \11\ in that the proposed Amended Plan is necessary
or appropriate in the public interest and for the protection of
investors, fosters cooperation and coordination among SROs, and removes
impediments to and fosters the development of the national market
system. In particular, the Commission believes that the proposed
Amended Plan should reduce unnecessary regulatory duplication by
allocating to FINRA certain examination and enforcement
responsibilities for Common Members that would otherwise be performed
by CBOE, C2, and FINRA. Accordingly, the proposed Amended Plan promotes
efficiency by reducing costs to Common Members. Furthermore, because
CBOE, C2, and FINRA will coordinate their regulatory functions in
accordance with the Amended Plan, the Amended Plan should promote
investor protection.
---------------------------------------------------------------------------
\10\ 15 U.S.C. 78q(d).
\11\ 17 CFR 240.17d-2(c).
---------------------------------------------------------------------------
The Commission notes that, under the Amended Plan, CBOE, C2, and
FINRA have allocated regulatory responsibility for those CBOE and C2
rules, set forth in the Certification, that are substantially similar
to the applicable FINRA rules in that examination for compliance with
such provisions and rules would not require FINRA to develop one or
more new examination standards, modules, procedures, or criteria in
order to analyze the application of the rule, or a Common Member's
activity, conduct, or output in relation to such rule. In addition,
under the Amended Plan, FINRA would assume regulatory responsibility
for certain provisions of the federal securities laws and the rules and
regulations thereunder that are set forth in the Certification. The
Common Rules covered by the Amended Plan are specifically listed in the
Certification, as may be amended by the Parties from time to time.
According to the Amended Plan, CBOE and C2 will review the
Certification, at least annually, or more frequently if required by
changes in either the rules of CBOE, C2, or FINRA, and, if necessary,
submit to FINRA an updated list of Common Rules to add CBOE and C2
rules not included on the then-current list of Common Rules that are
substantially similar to FINRA rules; delete CBOE and C2 rules included
in the then-current list of Common Rules that are no longer
substantially similar to FINRA rules; and confirm that the remaining
rules on the list of Common Rules continue to be CBOE and C2 rules that
are substantially similar to FINRA rules.\12\ FINRA will then confirm
in writing whether the rules listed in any updated list are Common
Rules as defined in the Amended Plan. Under the Amended Plan, CBOE and
C2 will also provide FINRA with a current list of Common Members and
shall update the list no less frequently than once every six
months.\13\ The Commission believes that these provisions are designed
to provide for continuing communication between the Parties to ensure
the continued accuracy of the scope of the proposed allocation of
regulatory responsibility.
---------------------------------------------------------------------------
\12\ See paragraph 2 of the Amended Plan.
\13\ See paragraph 3 of the Amended Plan.
---------------------------------------------------------------------------
The Commission is hereby declaring effective an Amended Plan that,
among other things, allocates regulatory responsibility to FINRA for
the oversight and enforcement of all CBOE and C2 rules that are
substantially similar to the rules of FINRA for Common Members of CBOE
and FINRA, and C2 and FINRA. Therefore, modifications to the
Certification need not be filed with the Commission as an amendment to
the Amended Plan, provided that the Parties are only adding to,
deleting from, or confirming changes to CBOE or C2 rules in the
Certification in conformance with the definition of Common Rules
provided in the Amended Plan. However, should the Parties decide to add
a CBOE or C2 rule to the Certification that is not substantially
similar to a FINRA rule; delete a CBOE or C2 rule from the
Certification that is substantially similar to a FINRA rule; or leave
on the Certification a CBOE or C2 rule that is no longer substantially
similar to a FINRA rule, then such a change would constitute an
amendment to the Amended Plan, which must be filed with the Commission
pursuant to Rule 17d-2 under the Act.\14\
---------------------------------------------------------------------------
\14\ The Commission also notes that the addition to or deletion
from the Certification of any federal securities laws, rules, and
regulations for which FINRA would bear responsibility under the
Amended Plan for examining, and enforcing compliance by, Common
Members, also would constitute an amendment to the Amended Plan.
---------------------------------------------------------------------------
IV. Conclusion
This Order gives effect to the Amended Plan filed with the
Commission in File No. 4-536. The Parties shall notify all members
affected by the Amended Plan of their rights and obligations under the
Amended Plan.
It is therefore ordered, pursuant to Section 17(d) of the Act, that
the Amended Plan in File No. 4-536, between FINRA, CBOE, and C2, filed
pursuant to Rule 17d-2 under the Act, is approved and declared
effective.
It is further ordered that CBOE and C2 are relieved of those
responsibilities allocated to FINRA under the Amended Plan in File No.
4-536.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\15\
---------------------------------------------------------------------------
\15\ 17 CFR 200.30-3(a)(34).
---------------------------------------------------------------------------
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2014-11155 Filed 5-14-14; 8:45 am]
BILLING CODE 8011-01-P
