Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Amending the NYSE Arca Options Fee Schedule Relating to Floor Booth Fees, 33791-33793 [2014-13693]
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Federal Register / Vol. 79, No. 113 / Thursday, June 12, 2014 / Notices
changes will enhance the competiveness
of the Exchange relative to other
exchanges. The Exchange notes that it
operates in a highly competitive market
in which market participants can
readily favor competing venues if they
deem fee levels at a particular venue to
be excessive. In such an environment,
the Exchange must continually review,
and consider adjusting, its fees and
credits to remain competitive with other
exchanges. For the reasons described
above, the Exchange believes that the
proposed rule change reflects this
competitive environment.
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.
III. Date of Effectiveness of the
Proposed Rule Change and Timing for
Commission Action
The foregoing rule change is effective
upon filing pursuant to Section
19(b)(3)(A) 8 of the Act and
subparagraph (f)(2) of Rule 19b–4 9
thereunder, because it establishes a due,
fee, or other charge imposed by the
Exchange.
At any time within 60 days of the
filing of such 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. If the
Commission takes such action, the
Commission shall institute proceedings
under Section 19(b)(2)(B) 10 of the Act to
determine whether the proposed rule
change should be approved or
disapproved.
rmajette on DSK7SPTVN1PROD with 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:
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–NYSEMKT–2014–50. 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
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–
NYSEMKT–2014–50, and should be
submitted on or before July 3, 2014.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.11
Kevin M. O’Neill,
Deputy Secretary.
[FR Doc. 2014–13694 Filed 6–11–14; 8:45 am]
BILLING CODE 8011–01–P
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–
NYSEMKT–2014–50 on the subject line.
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–72342; File No. SR–
NYSEArca–2014–61]
Self-Regulatory Organizations; NYSE
Arca, Inc.; Notice of Filing and
Immediate Effectiveness of Proposed
Rule Change Amending the NYSE Arca
Options Fee Schedule Relating to
Floor Booth Fees
June 6, 2014.
Pursuant to Section 19(b)(1) 1 of the
Securities Exchange Act of 1934 (the
‘‘Act’’) 2 and Rule 19b–4 thereunder,3
notice is hereby given that, on June 2,
2014, NYSE Arca, Inc. (the ‘‘Exchange’’
or ‘‘NYSE Arca’’) filed with the
Securities and Exchange Commission
(the ‘‘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.
I. Self-Regulatory Organization’s
Statement of the Terms of the Substance
of the Proposed Rule Change
The Exchange proposes to amend the
NYSE Arca Options Fee Schedule (‘‘Fee
Schedule’’) relating to Floor Booth Fees.
The Exchange proposes to implement
the fee change effective June 2, 2014.
The text of the proposed rule change is
available on the Exchange’s Web site at
www.nyse.com, at the principal office of
the Exchange, and at the Commission’s
Public Reference Room.
II. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
In its filing with the Commission, the
self-regulatory organization included
statements concerning the purpose of,
and basis for, the proposed rule change
and discussed any comments it received
on the proposed rule change. The text
of those statements may be examined at
the places specified in Item IV below.
The Exchange has prepared summaries,
set forth in sections A, B, and C below,
of the most significant parts of such
statements.
8 15
1 15
9 17
2 15
U.S.C. 78s(b)(3)(A).
CFR 240.19b–4(f)(2).
10 15 U.S.C. 78s(b)(2)(B).
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21:18 Jun 11, 2014
11 17
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CFR 200.30–3(a)(12).
Frm 00079
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33791
U.S.C. 78s(b)(1).
U.S.C. 78a.
3 17 CFR 240.19b–4.
E:\FR\FM\12JNN1.SGM
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33792
Federal Register / Vol. 79, No. 113 / Thursday, June 12, 2014 / Notices
A. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
1. Purpose
The purpose of this filing is to modify
the Exchange’s fees so as to temporarily
reduce the cap on Floor Booth Fees to
encourage larger Floor Broker
operations on the Trading Floor.
Currently, Floor Booths are assessed
$350 per month per booth, capped at
$3,500 per month per OTP Firm.4 The
Exchange is proposing to reduce the cap
to $2,450 per month, from June 1, 2014
to December 31, 2014, to encourage OTP
Firms to expand their operations. Going
forward, OTP Firms will pay a
maximum monthly booth fee of $2,450
regardless of how many booths they are
authorized to use.
NYSE Arca is not proposing any
additional changes to Floor and
Equipment Fees at this time.
rmajette on DSK7SPTVN1PROD with NOTICES
2. Statutory Basis
The Exchange believes that the
proposed rule change is consistent with
Section 6(b) of the Act,5 in general, and
furthers the objectives of Sections
6(b)(4) and (5) of the Act,6 in particular,
because it provides for the equitable
allocation of reasonable dues, fees, and
other charges among its members,
issuers and other persons using its
facilities and does not unfairly
discriminate between customers,
issuers, brokers or dealers.
The Exchange believes that the
proposed cap on Floor Booth Fees is
reasonable and will equally benefit
Floor Brokers as it will reduce the
overhead costs of Floor Broker Firms.
The Exchange also believes it is not
unfairly discriminatory to reduce the
cap on Floor Booth Fees because any
type of OTP Firm that uses Floor Booths
may take advantage of the cap to expand
their operations supporting business on
the Floor.
Finally, the Exchange believes that
the fee change is reasonable in light of
the significant competitive forces facing
the Exchange, as described below in the
Exchange’s statement regarding the
burden on competition.
For these reasons, the Exchange
believes that the proposal is consistent
with the Act.
4 See Securities and Exchange Act Release No.
55906 (June 13, 2007), 72 FR 35290 (June 27, 2007)
(NYSEArca–2007–46).
5 15 U.S.C. 78f(b).
6 15 U.S.C. 78f(b)(4) and (5).
VerDate Mar<15>2010
21:18 Jun 11, 2014
Jkt 232001
B. Self-Regulatory Organization’s
Statement on Burden on Competition
change should be approved or
disapproved.
In accordance with Section 6(b)(8) of
the Act,7 the Exchange 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 believes that the
proposed fee change reduces the burden
on competition because it takes into
account the value that business
generated from Floor Booths add to the
marketplace, as discussed above.
The Exchange notes that it operates in
a highly competitive market in which
market participants can readily favor
competing venues, and providing a cap
on Floor Booth fees allows OTP firms to
both expand operations supporting
customers and to reduce overhead,
which in turn encourages Floor OTP
firms to compete for business. In such
an environment, the Exchange must
continually review, and consider
adjusting, its fees and credits to remain
competitive with other exchanges. For
the reasons described above, the
Exchange believes that the proposed
rule change reflects this competitive
environment.
IV. Solicitation of Comments
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.
III. Date of Effectiveness of the
Proposed Rule Change and Timing for
Commission Action
The foregoing rule change is effective
upon filing pursuant to Section
19(b)(3)(A) 8 of the Act and
subparagraph (f)(2) of Rule 19b–4 9
thereunder, because it establishes a due,
fee, or other charge imposed by the
Exchange.
At any time within 60 days of the
filing of such 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. If the
Commission takes such action, the
Commission shall institute proceedings
under Section 19(b)(2)(B) 10 of the Act to
determine whether the proposed rule
7 15
U.S.C. 78f(b)(8).
U.S.C. 78s(b)(3)(A).
9 17 CFR 240.19b–4(f)(2).
10 15 U.S.C. 78s(b)(2)(B).
8 15
PO 00000
Frm 00080
Fmt 4703
Sfmt 4703
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–
NYSEArca–2014–61 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–NYSEArca–2014–61. 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
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–
NYSEArca–2014–61, and should be
submitted on or before July 3, 2014.
E:\FR\FM\12JNN1.SGM
12JNN1
Federal Register / Vol. 79, No. 113 / Thursday, June 12, 2014 / Notices
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.11
Kevin M. O’Neill,
Deputy Secretary.
[FR Doc. 2014–13693 Filed 6–11–14; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–72344; File No. SR–NSCC–
2014–07]
Self-Regulatory Organizations;
National Securities Clearing
Corporation; Notice of Filing of
Proposed Rule Change To Implement a
New Scorecard Feature to the Mutual
Fund Profile Service
June 6, 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 May 30,
2014, National Securities Clearing
Corporation (‘‘NSCC’’) 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 clearing agency. The Commission
is publishing this notice to solicit
comments on the proposed rule change
from interested persons.
I. Clearing Agency’s Statement of the
Terms of Substance of the Proposed
Rule Change
The proposed rule change consists of
amendments to the Rules & Procedures
(‘‘Rules’’) of NSCC to implement a new
scorecard feature to its Mutual Fund
Profile Service, as more fully described
below.
rmajette on DSK7SPTVN1PROD with NOTICES
II. Clearing Agency’s Statement of the
Purpose of, and Statutory Basis for, the
Proposed Rule Change
In its filing with the Commission,
NSCC 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. NSCC has prepared
summaries, set forth in sections A, B
and C below, of the most significant
aspects of such statements.
11 17
CFR 200.30–3(a)(12).
U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
1 15
VerDate Mar<15>2010
21:18 Jun 11, 2014
Jkt 232001
(A) Clearing Agency’s Statement of the
Purpose of, and Statutory Basis for, the
Proposed Rule Change
1. Purpose
In 1996, NSCC launched its Mutual
Fund Profile Service (‘‘MFPS’’),3
providing participating members with
an automated method of transmitting
and receiving information pertaining to
funds and other pooled investment
vehicles through a centralized and
standard facility. Such funds and other
pooled investment vehicles are
collectively referred to herein as
‘‘Funds’’.
In 1998, NSCC implemented three
new databases as part of MFPS, (i) the
participant profile database, (ii) the
security issue profile database and (iii)
the distribution declaration information
profile database.4 Through these three
databases, MFPS offers the Funds
industry a centralized repository for
prospectus and operational information
relating to Fund securities, Fund
distributions and Fund processing
capabilities.
The ‘‘security issue profile database’’
contains Fund information, including,
but not limited to, security ID number,
security name, fee structure, investment
objectives, breakpoint schedule data and
blue sky eligibility (collectively,
‘‘Security Issue Data’’).5 Participating
members using the security issue profile
database are either data providers or
data receivers. Data providers populate
the security issue profile database with
their applicable Security Issue Data and
are generally the Funds themselves,
their principal underwriters or,
otherwise, entities authorized to process
transactions on behalf of the Funds
(collectively, ‘‘Data Providers’’). Data
receivers retrieve such populated
Security Issue Data for use and are
generally the distribution partners to the
Funds (collectively, ‘‘Data Receivers’’).
Over the last several months, some
Data Receivers have noted that Security
Issue Data, on occasion, does not match
the associated information set forth in
the applicable Data Provider’s public
filings. Such variances and other noted
potential discrepancies (collectively,
‘‘Discrepancies’’) have caused certain
Data Receivers to express concerns
about Security Issue Data reliability. As
a result, Data Receivers have requested
NSCC’s assistance in creating a
3 See, Release No. 34–37171 (May 8, 1996), 61 FR
24343 (May 14, 1996) (SR–NSCC–1996–04).
4 See, Release No. 34–40614 (October 28, 1998),
63 FR 59615 (November 4, 1998) (SR–NSCC–1998–
09).
5 See, Release No. 34–59321 (January 30, 2009),
74 FR 6933 (February 11. 2009) (SR–NSCC–2008–
08).
PO 00000
Frm 00081
Fmt 4703
Sfmt 4703
33793
mechanism for encouraging more
reliable Security Issue Data within the
security issue profile database.
To address these concerns, NSCC
proposes to amend Rule 52.D of its
Rules & Procedures to implement a new
feature in the security issue profile
database—a scorecard—that would be
distributed to MFPS members on a
regularly scheduled basis, as
determined by the Corporation. The
scorecards will set forth (i) the
numerical score issued to each
applicable Data Provider and (ii) the
combined average numerical score of all
Data Providers. The various types of
Discrepancy categories and number of
identified Discrepancies within each
category will form the basis from which
the individual Data Provider’s score and
the combined average scores of all Data
Providers will be calculated.
Each Data Provider’s scorecard will
contain (i) the individual, numerical
score issued to it, (ii) the number of
identified Discrepancies within each
category attributable to such Data
Provider and (iii) the combined average
numerical score of all Data Providers.
Data Providers will not see the
individual, numerical scores issued to
other Data Providers nor the identified
Discrepancies of other Data Providers. A
Data Provider that has no identified
Discrepancies with respect to its
Security Issue Data, or that otherwise
addresses all of its identified
Discrepancies, will be issued a perfect
score as reflected on its scorecard, while
a Data Provider that fails to take action
with respect to its identified
Discrepancies will have its individual
score reduced. As new Discrepancies
are identified to the Data Provider or the
Data Provider reviews and addresses
identified Discrepancies, its individual
score will be recalculated on a regularly
scheduled basis. The industry average
score will recalculate according to the
same schedule as well.
Scorecards distributed to Data
Receivers will contain (i) the individual,
numerical score issued to each Data
Provider participant, (ii) the number of
identified Discrepancies within each
category attributable to each such Data
Provider and (iii) the combined average
numerical score of all Data Providers.
The Data Receivers’ scorecards will
recalculate according to the same
schedule as the Data Providers’
scorecards.
Because the scores are based solely on
action or inaction of Data Providers, the
rule, as amended, will provide that the
Corporation makes no representation or
warranty with respect to the value or
usefulness of any score or scorecard, nor
will the Corporation be subject to any
E:\FR\FM\12JNN1.SGM
12JNN1
Agencies
[Federal Register Volume 79, Number 113 (Thursday, June 12, 2014)]
[Notices]
[Pages 33791-33793]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-13693]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-72342; File No. SR-NYSEArca-2014-61]
Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing
and Immediate Effectiveness of Proposed Rule Change Amending the NYSE
Arca Options Fee Schedule Relating to Floor Booth Fees
June 6, 2014.
Pursuant to Section 19(b)(1) \1\ of the Securities Exchange Act of
1934 (the ``Act'') \2\ and Rule 19b-4 thereunder,\3\ notice is hereby
given that, on June 2, 2014, NYSE Arca, Inc. (the ``Exchange'' or
``NYSE Arca'') filed with the Securities and Exchange Commission (the
``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\ 15 U.S.C. 78a.
\3\ 17 CFR 240.19b-4.
---------------------------------------------------------------------------
I. Self-Regulatory Organization's Statement of the Terms of the
Substance of the Proposed Rule Change
The Exchange proposes to amend the NYSE Arca Options Fee Schedule
(``Fee Schedule'') relating to Floor Booth Fees. The Exchange proposes
to implement the fee change effective June 2, 2014. The text of the
proposed rule change is available on the Exchange's Web site at
www.nyse.com, at the principal office of the Exchange, and at the
Commission's Public Reference Room.
II. Self-Regulatory Organization's Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule Change
In its filing with the Commission, the self-regulatory organization
included statements concerning the purpose of, and basis for, the
proposed rule change and discussed any comments it received on the
proposed rule change. The text of those statements may be examined at
the places specified in Item IV below. The Exchange has prepared
summaries, set forth in sections A, B, and C below, of the most
significant parts of such statements.
[[Page 33792]]
A. Self-Regulatory Organization's Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule Change
1. Purpose
The purpose of this filing is to modify the Exchange's fees so as
to temporarily reduce the cap on Floor Booth Fees to encourage larger
Floor Broker operations on the Trading Floor.
Currently, Floor Booths are assessed $350 per month per booth,
capped at $3,500 per month per OTP Firm.\4\ The Exchange is proposing
to reduce the cap to $2,450 per month, from June 1, 2014 to December
31, 2014, to encourage OTP Firms to expand their operations. Going
forward, OTP Firms will pay a maximum monthly booth fee of $2,450
regardless of how many booths they are authorized to use.
---------------------------------------------------------------------------
\4\ See Securities and Exchange Act Release No. 55906 (June 13,
2007), 72 FR 35290 (June 27, 2007) (NYSEArca-2007-46).
---------------------------------------------------------------------------
NYSE Arca is not proposing any additional changes to Floor and
Equipment Fees at this time.
2. Statutory Basis
The Exchange believes that the proposed rule change is consistent
with Section 6(b) of the Act,\5\ in general, and furthers the
objectives of Sections 6(b)(4) and (5) of the Act,\6\ in particular,
because it provides for the equitable allocation of reasonable dues,
fees, and other charges among its members, issuers and other persons
using its facilities and does not unfairly discriminate between
customers, issuers, brokers or dealers.
---------------------------------------------------------------------------
\5\ 15 U.S.C. 78f(b).
\6\ 15 U.S.C. 78f(b)(4) and (5).
---------------------------------------------------------------------------
The Exchange believes that the proposed cap on Floor Booth Fees is
reasonable and will equally benefit Floor Brokers as it will reduce the
overhead costs of Floor Broker Firms.
The Exchange also believes it is not unfairly discriminatory to
reduce the cap on Floor Booth Fees because any type of OTP Firm that
uses Floor Booths may take advantage of the cap to expand their
operations supporting business on the Floor.
Finally, the Exchange believes that the fee change is reasonable in
light of the significant competitive forces facing the Exchange, as
described below in the Exchange's statement regarding the burden on
competition.
For these reasons, the Exchange believes that the proposal is
consistent with the Act.
B. Self-Regulatory Organization's Statement on Burden on Competition
In accordance with Section 6(b)(8) of the Act,\7\ the Exchange 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 believes that the proposed fee change
reduces the burden on competition because it takes into account the
value that business generated from Floor Booths add to the marketplace,
as discussed above.
---------------------------------------------------------------------------
\7\ 15 U.S.C. 78f(b)(8).
---------------------------------------------------------------------------
The Exchange notes that it operates in a highly competitive market
in which market participants can readily favor competing venues, and
providing a cap on Floor Booth fees allows OTP firms to both expand
operations supporting customers and to reduce overhead, which in turn
encourages Floor OTP firms to compete for business. In such an
environment, the Exchange must continually review, and consider
adjusting, its fees and credits to remain competitive with other
exchanges. For the reasons described above, the Exchange believes that
the proposed rule change reflects this competitive environment.
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.
III. Date of Effectiveness of the Proposed Rule Change and Timing for
Commission Action
The foregoing rule change is effective upon filing pursuant to
Section 19(b)(3)(A) \8\ of the Act and subparagraph (f)(2) of Rule 19b-
4 \9\ thereunder, because it establishes a due, fee, or other charge
imposed by the Exchange.
---------------------------------------------------------------------------
\8\ 15 U.S.C. 78s(b)(3)(A).
\9\ 17 CFR 240.19b-4(f)(2).
---------------------------------------------------------------------------
At any time within 60 days of the filing of such 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. If the Commission
takes such action, the Commission shall institute proceedings under
Section 19(b)(2)(B) \10\ of the Act to determine whether the proposed
rule change should be approved or disapproved.
---------------------------------------------------------------------------
\10\ 15 U.S.C. 78s(b)(2)(B).
---------------------------------------------------------------------------
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-NYSEArca-2014-61 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-NYSEArca-2014-61. 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 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-NYSEArca-2014-61, and should
be submitted on or before July 3, 2014.
[[Page 33793]]
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. 2014-13693 Filed 6-11-14; 8:45 am]
BILLING CODE 8011-01-P