Order Granting Applications by NASDAQ OMX BX, Inc. and the NASDAQ Stock Market LLC for Exemption Pursuant to Section 36(a) of the Exchange Act From the Rule Filing Requirements of Section 19(b) of the Exchange Act With Respect to Certain Rules Incorporated by Reference, 44075-44076 [2014-17638]
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Federal Register / Vol. 79, No. 145 / Tuesday, July 29, 2014 / Notices
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–72650]
Order Granting Applications by
NASDAQ OMX BX, Inc. and the
NASDAQ Stock Market LLC for
Exemption Pursuant to Section 36(a) of
the Exchange Act From the Rule Filing
Requirements of Section 19(b) of the
Exchange Act With Respect to Certain
Rules Incorporated by Reference
July 22, 2014.
NASDAQ OMX BX, Inc. (‘‘BX’’) and
The NASDAQ Stock Market LLC
(‘‘NASDAQ’’ or collectively,
‘‘Exchanges’’) have filed with the
Securities and Exchange Commission
(‘‘Commission’’) applications for an
exemption under Section 36(a)(1) of the
Securities Exchange Act of 1934
(‘‘Exchange Act’’) 1 from the rule filing
requirements of Section 19(b) of the
Exchange Act 2 with respect to certain
rules of NASDAQ OMX PHLX LLC
(‘‘PHLX’’) that the Exchanges seek to
incorporate by reference. Section 36 of
the Exchange Act authorizes the
Commission to conditionally or
unconditionally exempt any person,
security, or transaction, or any class
thereof, from any provision of the
Exchange Act or rule thereunder, if
necessary or appropriate in the public
interest and consistent with the
protection of investors.
BX and NASDAQ each recently filed
rule changes with the Commission to
incorporate by reference comparable
position and exercise limit rules of
PHLX.3 Specifically, in both the BX
Options and NOM Rules, (i) Chapter III,
Section 7 incorporates the position limit
rules of PHLX for U.S. Dollar-Settled
Foreign Currency Options; (ii) Chapter
III, Section 9 incorporates the exercise
limit rules of PHLX for U.S. DollarSettled Foreign Currency Options; (iii)
Chapter XIV, Section 5 incorporates the
position limit rules of PHLX for PHLX
proprietary broad-based index options
products; and (iv) Chapter XIV, Section
7 incorporates the exercise limit rules of
PHLX for PHLX proprietary industry
1 15
U.S.C. 78mm(a)(1).
U.S.C. 78s(b).
3 BX modified its Options Rules Chapter III,
Sections 7 (Position Limits) and 9 (Exercise Limits)
and Chapter XIV, Sections 5 (Position Limits for
Broad-Based Index Options) and 7 (Position Limits
for Industry and Micro-Narrow Based Index
Options). See Securities Exchange Act Release No.
71977 (April 21, 2014), 79 FR 23023 (April 25,
2014) (SR–BX–2014–019). NASDAQ modified its
NASDAQ Options Market (‘‘NOM’’) Rules bearing
the same section references and headings. See
Securities Exchange Act Release No. 71978 (April
21, 2014), 79 FR 23036 (April 25, 2014) (SR–
NASDAQ–2014–039).
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2 15
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15:02 Jul 28, 2014
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and micro-narrow based index options
products. Thus, BX Options Participants
and NOM Participants comply with
these BX Options and NOM rules by
complying with the relevant,
incorporated PHLX rule.4
The Exchanges have requested,
pursuant to Rule 0–12 under the
Exchange Act,5 that the Commission
grant them an exemption from the rule
filing requirements of Section 19(b) of
the Exchange Act for changes to BX
Options and NOM Rules Chapter III,
Sections 7 and 9, and Chapter XIV,
Sections 5 and 7 that are effected solely
by virtue of a change to the
corresponding cross-referenced rules of
PHLX. Specifically, the Exchanges
request that they be permitted to
incorporate by reference changes made
to each such PHLX rule without the
need for them to file separately the same
proposed rule changes pursuant to
Section 19(b) of the Exchange Act.6 By
virtue of these incorporations by
reference, the requirements applicable
to BX Options Participants and NOM
Participants will change when the
applicable incorporated PHLX rules
change, without the need for the
Exchanges to file separately the
proposed rule changes pursuant to
Section 19(b) of the Exchange Act.7 The
Exchanges state that the PHLX rules the
Exchanges seek to incorporate by
reference are regulatory in nature and
that these incorporations by reference of
PHLX rules are intended to be a
comprehensive integration of the
relevant rules of PHLX into the
Exchanges’ rules. The Exchanges have
agreed to provide written notice to their
Options Participants whenever PHLX
proposes a change to a cross-referenced
rule.8
The Exchanges believe this exemption
is necessary and appropriate because it
will result in the BX Options and NOM
rules being consistent with the relevant
cross-referenced PHLX rules at all times,
thus ensuring identical regulation of
joint members of PHLX, BX, and NOM
4 The Exchanges have not previously sought an
exemption from the Commission pursuant to
Section 36(a)(1) of the Exchange Act from the rule
filing requirements of Section 19(b) of the Exchange
Act with respect to these incorporations by
reference.
5 17 CFR 240.0–12.
6 See Letters from Angela S. Dunn, BX and
NASDAQ, to Secretary, Commission, dated April
25, 2014 (‘‘Exemptive Requests’’), at 1.
7 Id. at 1–2.
8 Id. at 2. The Exchanges state that they will
provide such notice via a posting on the same Web
sites where they post their own proposed rule
change filings pursuant to Rule 19b–4(l). In
addition, the Exchanges state that the Web site
postings will include a link to the location on the
PHLX Web site where the proposed rule change is
posted. Id. at 2 n.3.
PO 00000
Frm 00076
Fmt 4703
Sfmt 4703
44075
with respect to the incorporated rules.9
The Exchanges also believe that,
without such an exemption, such
members could be subject to two
different standards.10
The Commission has issued
exemptions similar to the Exchanges’
requests.11 In granting one such
exemption in 2010, the Commission
repeated a prior, 2004 Commission
statement that it would consider similar
future exemption requests from other
SROs, provided that:
• An SRO wishing to incorporate
rules of another SRO by reference has
submitted a written request for an order
exempting it from the requirement in
Section 19(b) of the Exchange Act to file
proposed rule changes relating to the
rules incorporated by reference, has
identified the applicable originating
SRO(s), together with the rules it wants
to incorporate by reference, and
otherwise has complied with the
procedural requirements set forth in the
Commission’s release governing
procedures for requesting exemptive
orders pursuant to Rule 0–12 under the
Exchange Act; 12
• An incorporating SRO has
requested incorporation of categories of
rules (rather than individual rules
within a category) that are not trading
rules (e.g., the SRO has requested
incorporation of rules such as margin,
suitability, or arbitration); and
• The incorporating SRO has
reasonable procedures in place to
provide written notice to its members
each time a change is proposed to the
incorporated rules of another SRO.13
9 Id.
at 2.
10 Id.
11 For example, on behalf of their respective
options markets, BX, BATS Exchange, Inc.
(‘‘BATS’’), and NASDAQ incorporate, among other
things, the position limit rules of other exchanges.
See, e.g., Securities Exchange Act Release Nos.
67256 (June 26, 2012), 77 FR 39277, 39286 (July 2,
2012) (order approving SR–BX–2012–030 and
granting exemptive request relating to rules
incorporated by reference by the BX Options rules);
61534 (February 18, 2010), 75 FR 8760 (February
25, 2010) (order granting BATS’ exemptive request
relating to rules incorporated by reference by the
BATS Options Market rules) (‘‘BATS Options
Market Order’’); 57478 (March 12, 2008), 73 FR
14521, 14539–40 (March 18, 2008) (order approving
SR–NASDAQ–2007–004 and SR–NASDAQ–2007–
080, and granting exemptive request relating to
rules incorporated by reference by NOM).
12 See 17 CFR 240.0–12 and Securities Exchange
Act Release No. 39624 (February 5, 1998), 63 FR
8101 (February 18, 1998) (Commission Procedures
for Filing Applications for Orders for Exemptive
Relief Pursuant to Section 36 of the Exchange Act;
Final Rule).
13 See BATS Options Market Order, supra note 11
(citing Securities Exchange Act Release No. 49260
(February 17, 2004), 69 FR 8500 (February 24, 2004)
(order granting exemptive request relating to rules
incorporated by reference by several SROs) (‘‘2004
Order’’)).
E:\FR\FM\29JYN1.SGM
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44076
Federal Register / Vol. 79, No. 145 / Tuesday, July 29, 2014 / Notices
The Commission believes that the
Exchanges have satisfied each of these
conditions. The Commission also
believes that granting the Exchanges an
exemption from the rule filing
requirements under Section 19(b) of the
Exchange Act will promote efficient use
of Commission and the Exchanges’
resources by avoiding duplicative rule
filings based on simultaneous changes
to identical rule text sought by BX,
NASDAQ, and PHLX.14 The
Commission therefore finds it
appropriate in the public interest and
consistent with the protection of
investors to exempt the Exchanges from
the rule filing requirements under
Section 19(b) of the Exchange Act with
respect to the above-described rules
they have incorporated by reference.
This exemption is conditioned upon the
Exchanges promptly providing written
notice to their BX Options Participants
and NOM Participants, respectively,
whenever PHLX changes a rule that they
have incorporated by reference.
Accordingly, it is ordered, pursuant to
Section 36 of the Exchange Act,15 that
the Exchanges are exempt from the rule
filing requirements of Section 19(b) of
the Exchange Act solely with respect to
changes to the rules identified in their
requests that incorporate by reference
certain PHLX rules that are the result of
changes to such PHLX rules, provided
that the Exchanges promptly provide
written notice to their BX Options
Participants and NOM Participants,
respectively, whenever PHLX proposes
to change a rule that the Exchanges have
incorporated by reference.
SECURITIES AND EXCHANGE
COMMISSION
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.16
Kevin M. O’Neill,
Deputy Secretary.
Electronic Comments
[FR Doc. 2014–17638 Filed 7–28–14; 8:45 am]
BILLING CODE 8011–01–P
[Release No. 34–72658; File No. S7–08–14]
Notice of Proposed Exemptive Order
Granting Permanent Exemptions
Under the Securities Exchange Act of
1934 From the Confirmation
Requirements of Exchange Act Rule
10b–10 for Certain Money Market
Funds
July 23, 2014.
Securities and Exchange
Commission.
ACTION: Notice of Proposed Exemptive
Order; Request for Comment.
AGENCY:
Pursuant to Section 36 of the
Securities Exchange Act of 1934
(‘‘Exchange Act’’) and Exchange Act
Rule 10b–10(f), the Securities and
Exchange Commission (‘‘SEC’’ or
‘‘Commission’’) is proposing to grant
exemptive relief, subject to certain
conditions, from the immediate
confirmation delivery requirements of
Exchange Act Rule 10b–10 for
transactions effected in shares of any
open-end management investment
company registered under the
Investment Company Act of 1940
(‘‘Investment Company Act’’) that holds
itself out as a money market fund
operating in accordance with Rule 2a–
7(c)(1)(ii) of the Investment Company
Act.
SUMMARY:
Comments must be received on
or before August 19, 2014.
ADDRESSES: Comments may be
submitted by any of the following
methods:
DATES:
• Use the Commission’s Internet
comment form (https://www.sec.gov/
rules/other.shtml); or
• Send an email to rule-comments@
sec.gov. Please include File Number S7–
08–14 on the subject line; or
• Use the Federal Rulemaking Portal
(https://www.regulations.gov). Follow the
instructions for submitting comments.
rmajette on DSK2TPTVN1PROD with NOTICES
Paper Comments
14 See BATS Options Market Order, supra note
11, 75 FR at 8761; see also 2004 Order, supra note
13, 69 FR at 8502.
15 15 U.S.C. 78mm.
16 17 CFR 200.30–3(a)(76).
VerDate Mar<15>2010
15:02 Jul 28, 2014
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• Send paper comments in triplicate
to Kevin M. O’Neill, Deputy Secretary,
Securities and Exchange Commission,
100 F Street NE., Washington, DC
20549–1090.
All submissions should refer to File
Number S7–08–14. This file number
should be included on the subject line
if email is used. To help us 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
PO 00000
Frm 00077
Fmt 4703
Sfmt 4703
(https://www.sec/gov/rules/other.shtml).
Comments are also 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. All
comments received will be posted
without charge; the Commission does
not edit personal identifying
information from submissions. You
should only submit information that
you wish to make publicly available.
FOR FURTHER INFORMATION CONTACT:
Natasha Vij Greiner, Branch Chief,
Jonathan C. Shapiro, Attorney-Adviser,
George Makris, Attorney-Adviser, at
202–551–5550, Division of Trading and
Markets, Securities and Exchange
Commission, 100 F Street NE.,
Washington, DC 20549–7010.
I. Background
Exchange Act Rule 10b–10 addresses
broker-dealers’ obligations to confirm
their customers’ securities transactions.1
Under Rule 10b–10(a), a broker-dealer
generally must provide customers with
information relating to their investment
decisions at or before the completion of
a securities transaction.2 Rule 10b–
10(b), however, provides an exception
for certain transactions in money market
funds that attempt to maintain a stable
net asset value (‘‘NAV’’) and where no
sales load or redemption fee is charged.3
The exception permits broker-dealers to
provide transaction information to
money market fund shareholders on a
monthly basis (subject to certain
conditions set forth in Rule 10b–10(b)(2)
and (3)) in lieu of immediate
confirmations for all purchases and
redemptions of shares of such funds.4
1 17
CFR 240.10b–10.
CFR 240.10b–10(a).
3 17 CFR 240.10b–10(b).
4 With respect to such money market funds,
Exchange Act Rule 10b–10(b)(2) requires a brokerdealer to give or send to a customer within five
business days after the end of each monthly period
a written statement disclosing, each purchase or
redemption, effected for or with, and each dividend
or distribution credited to or reinvested for, the
account of such customer during the month; the
date of such transaction; the identity, number, and
price of any securities purchased or redeemed by
such customer in each such transaction; the total
number of shares of such securities in such
customer’s account; any remuneration received or
to be received by the broker or dealer in connection
therewith; and that any other information required
by Rule 10b–10(a) will be furnished upon written
request: Provided, however, that the written
statement may be delivered to some other person
designated by the customer for distribution to the
customer. 17 CFR 240.10b–10(b)(2). Exchange Act
Rule 10b–10(b)(3) requires that such customer is
provided with prior notification in writing
disclosing the intention to send the written
information referred to in Rule 10b–10(b)(1) in lieu
of an immediate confirmation. 17 CFR 240.10b–
10(b)(3).
2 17
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Agencies
[Federal Register Volume 79, Number 145 (Tuesday, July 29, 2014)]
[Notices]
[Pages 44075-44076]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-17638]
[[Page 44075]]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-72650]
Order Granting Applications by NASDAQ OMX BX, Inc. and the NASDAQ
Stock Market LLC for Exemption Pursuant to Section 36(a) of the
Exchange Act From the Rule Filing Requirements of Section 19(b) of the
Exchange Act With Respect to Certain Rules Incorporated by Reference
July 22, 2014.
NASDAQ OMX BX, Inc. (``BX'') and The NASDAQ Stock Market LLC
(``NASDAQ'' or collectively, ``Exchanges'') have filed with the
Securities and Exchange Commission (``Commission'') applications for an
exemption under Section 36(a)(1) of the Securities Exchange Act of 1934
(``Exchange Act'') \1\ from the rule filing requirements of Section
19(b) of the Exchange Act \2\ with respect to certain rules of NASDAQ
OMX PHLX LLC (``PHLX'') that the Exchanges seek to incorporate by
reference. Section 36 of the Exchange Act authorizes the Commission to
conditionally or unconditionally exempt any person, security, or
transaction, or any class thereof, from any provision of the Exchange
Act or rule thereunder, if necessary or appropriate in the public
interest and consistent with the protection of investors.
---------------------------------------------------------------------------
\1\ 15 U.S.C. 78mm(a)(1).
\2\ 15 U.S.C. 78s(b).
---------------------------------------------------------------------------
BX and NASDAQ each recently filed rule changes with the Commission
to incorporate by reference comparable position and exercise limit
rules of PHLX.\3\ Specifically, in both the BX Options and NOM Rules,
(i) Chapter III, Section 7 incorporates the position limit rules of
PHLX for U.S. Dollar-Settled Foreign Currency Options; (ii) Chapter
III, Section 9 incorporates the exercise limit rules of PHLX for U.S.
Dollar-Settled Foreign Currency Options; (iii) Chapter XIV, Section 5
incorporates the position limit rules of PHLX for PHLX proprietary
broad-based index options products; and (iv) Chapter XIV, Section 7
incorporates the exercise limit rules of PHLX for PHLX proprietary
industry and micro-narrow based index options products. Thus, BX
Options Participants and NOM Participants comply with these BX Options
and NOM rules by complying with the relevant, incorporated PHLX
rule.\4\
---------------------------------------------------------------------------
\3\ BX modified its Options Rules Chapter III, Sections 7
(Position Limits) and 9 (Exercise Limits) and Chapter XIV, Sections
5 (Position Limits for Broad-Based Index Options) and 7 (Position
Limits for Industry and Micro-Narrow Based Index Options). See
Securities Exchange Act Release No. 71977 (April 21, 2014), 79 FR
23023 (April 25, 2014) (SR-BX-2014-019). NASDAQ modified its NASDAQ
Options Market (``NOM'') Rules bearing the same section references
and headings. See Securities Exchange Act Release No. 71978 (April
21, 2014), 79 FR 23036 (April 25, 2014) (SR-NASDAQ-2014-039).
\4\ The Exchanges have not previously sought an exemption from
the Commission pursuant to Section 36(a)(1) of the Exchange Act from
the rule filing requirements of Section 19(b) of the Exchange Act
with respect to these incorporations by reference.
---------------------------------------------------------------------------
The Exchanges have requested, pursuant to Rule 0-12 under the
Exchange Act,\5\ that the Commission grant them an exemption from the
rule filing requirements of Section 19(b) of the Exchange Act for
changes to BX Options and NOM Rules Chapter III, Sections 7 and 9, and
Chapter XIV, Sections 5 and 7 that are effected solely by virtue of a
change to the corresponding cross-referenced rules of PHLX.
Specifically, the Exchanges request that they be permitted to
incorporate by reference changes made to each such PHLX rule without
the need for them to file separately the same proposed rule changes
pursuant to Section 19(b) of the Exchange Act.\6\ By virtue of these
incorporations by reference, the requirements applicable to BX Options
Participants and NOM Participants will change when the applicable
incorporated PHLX rules change, without the need for the Exchanges to
file separately the proposed rule changes pursuant to Section 19(b) of
the Exchange Act.\7\ The Exchanges state that the PHLX rules the
Exchanges seek to incorporate by reference are regulatory in nature and
that these incorporations by reference of PHLX rules are intended to be
a comprehensive integration of the relevant rules of PHLX into the
Exchanges' rules. The Exchanges have agreed to provide written notice
to their Options Participants whenever PHLX proposes a change to a
cross-referenced rule.\8\
---------------------------------------------------------------------------
\5\ 17 CFR 240.0-12.
\6\ See Letters from Angela S. Dunn, BX and NASDAQ, to
Secretary, Commission, dated April 25, 2014 (``Exemptive
Requests''), at 1.
\7\ Id. at 1-2.
\8\ Id. at 2. The Exchanges state that they will provide such
notice via a posting on the same Web sites where they post their own
proposed rule change filings pursuant to Rule 19b-4(l). In addition,
the Exchanges state that the Web site postings will include a link
to the location on the PHLX Web site where the proposed rule change
is posted. Id. at 2 n.3.
---------------------------------------------------------------------------
The Exchanges believe this exemption is necessary and appropriate
because it will result in the BX Options and NOM rules being consistent
with the relevant cross-referenced PHLX rules at all times, thus
ensuring identical regulation of joint members of PHLX, BX, and NOM
with respect to the incorporated rules.\9\ The Exchanges also believe
that, without such an exemption, such members could be subject to two
different standards.\10\
---------------------------------------------------------------------------
\9\ Id. at 2.
\10\ Id.
---------------------------------------------------------------------------
The Commission has issued exemptions similar to the Exchanges'
requests.\11\ In granting one such exemption in 2010, the Commission
repeated a prior, 2004 Commission statement that it would consider
similar future exemption requests from other SROs, provided that:
---------------------------------------------------------------------------
\11\ For example, on behalf of their respective options markets,
BX, BATS Exchange, Inc. (``BATS''), and NASDAQ incorporate, among
other things, the position limit rules of other exchanges. See,
e.g., Securities Exchange Act Release Nos. 67256 (June 26, 2012), 77
FR 39277, 39286 (July 2, 2012) (order approving SR-BX-2012-030 and
granting exemptive request relating to rules incorporated by
reference by the BX Options rules); 61534 (February 18, 2010), 75 FR
8760 (February 25, 2010) (order granting BATS' exemptive request
relating to rules incorporated by reference by the BATS Options
Market rules) (``BATS Options Market Order''); 57478 (March 12,
2008), 73 FR 14521, 14539-40 (March 18, 2008) (order approving SR-
NASDAQ-2007-004 and SR-NASDAQ-2007-080, and granting exemptive
request relating to rules incorporated by reference by NOM).
---------------------------------------------------------------------------
An SRO wishing to incorporate rules of another SRO by
reference has submitted a written request for an order exempting it
from the requirement in Section 19(b) of the Exchange Act to file
proposed rule changes relating to the rules incorporated by reference,
has identified the applicable originating SRO(s), together with the
rules it wants to incorporate by reference, and otherwise has complied
with the procedural requirements set forth in the Commission's release
governing procedures for requesting exemptive orders pursuant to Rule
0-12 under the Exchange Act; \12\
---------------------------------------------------------------------------
\12\ See 17 CFR 240.0-12 and Securities Exchange Act Release No.
39624 (February 5, 1998), 63 FR 8101 (February 18, 1998) (Commission
Procedures for Filing Applications for Orders for Exemptive Relief
Pursuant to Section 36 of the Exchange Act; Final Rule).
---------------------------------------------------------------------------
An incorporating SRO has requested incorporation of
categories of rules (rather than individual rules within a category)
that are not trading rules (e.g., the SRO has requested incorporation
of rules such as margin, suitability, or arbitration); and
The incorporating SRO has reasonable procedures in place
to provide written notice to its members each time a change is proposed
to the incorporated rules of another SRO.\13\
---------------------------------------------------------------------------
\13\ See BATS Options Market Order, supra note 11 (citing
Securities Exchange Act Release No. 49260 (February 17, 2004), 69 FR
8500 (February 24, 2004) (order granting exemptive request relating
to rules incorporated by reference by several SROs) (``2004
Order'')).
---------------------------------------------------------------------------
[[Page 44076]]
The Commission believes that the Exchanges have satisfied each of
these conditions. The Commission also believes that granting the
Exchanges an exemption from the rule filing requirements under Section
19(b) of the Exchange Act will promote efficient use of Commission and
the Exchanges' resources by avoiding duplicative rule filings based on
simultaneous changes to identical rule text sought by BX, NASDAQ, and
PHLX.\14\ The Commission therefore finds it appropriate in the public
interest and consistent with the protection of investors to exempt the
Exchanges from the rule filing requirements under Section 19(b) of the
Exchange Act with respect to the above-described rules they have
incorporated by reference. This exemption is conditioned upon the
Exchanges promptly providing written notice to their BX Options
Participants and NOM Participants, respectively, whenever PHLX changes
a rule that they have incorporated by reference.
---------------------------------------------------------------------------
\14\ See BATS Options Market Order, supra note 11, 75 FR at
8761; see also 2004 Order, supra note 13, 69 FR at 8502.
---------------------------------------------------------------------------
Accordingly, it is ordered, pursuant to Section 36 of the Exchange
Act,\15\ that the Exchanges are exempt from the rule filing
requirements of Section 19(b) of the Exchange Act solely with respect
to changes to the rules identified in their requests that incorporate
by reference certain PHLX rules that are the result of changes to such
PHLX rules, provided that the Exchanges promptly provide written notice
to their BX Options Participants and NOM Participants, respectively,
whenever PHLX proposes to change a rule that the Exchanges have
incorporated by reference.
---------------------------------------------------------------------------
\15\ 15 U.S.C. 78mm.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\16\
---------------------------------------------------------------------------
\16\ 17 CFR 200.30-3(a)(76).
---------------------------------------------------------------------------
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2014-17638 Filed 7-28-14; 8:45 am]
BILLING CODE 8011-01-P