Self-Regulatory Organizations; Boston Stock Exchange Clearing Corporation; NASDAQ OMX BX, Inc.; The NASDAQ Stock Market LLC; NASDAQ OMX PHLX LLC; Stock Clearing Corporation of Philadelphia; Order Approving Proposed Rule Changes To Amend the Amended and Restated Certificate of Incorporation and By-Laws of The NASDAQ OMX Group, Inc., 42136-42137 [2015-17394]
Download as PDF
<![CDATA[
42136
Federal Register / Vol. 80, No. 136 / Thursday, July 16, 2015 / Notices
initiative, the SROs note that for
purposes of consistency with its
marketing, communications, and other
[Release No. 34–75421; File Nos. SR–
materials, NASDAQ OMX intends to
BSECC–2015–001; SR–BX–2015–030; SR–
NASDAQ–2015–058; SR–Phlx–2015–46; SR– change the legal names of NASDAQ
OMX and certain of its subsidiaries to
SCCP–2015–01]
eliminate references to OMX. As
Self-Regulatory Organizations; Boston represented in the current proposed rule
Stock Exchange Clearing Corporation; changes by each of its subsidiaries,
NASDAQ OMX has therefore proposed
NASDAQ OMX BX, Inc.; The NASDAQ
to amend its Charter and By-Laws to
Stock Market LLC; NASDAQ OMX
PHLX LLC; Stock Clearing Corporation change its legal name from The
NASDAQ OMX Group, Inc. to Nasdaq,
of Philadelphia; Order Approving
Proposed Rule Changes To Amend the Inc.
Specifically, NASDAQ OMX proposes
Amended and Restated Certificate of
to file a Certificate of Amendment to its
Incorporation and By-Laws of The
Charter with the Secretary of State of the
NASDAQ OMX Group, Inc.
State of Delaware to amend Article First
July 10, 2015.
of the Charter to reflect the new name.
In addition, NASDAQ OMX proposes to
I. Introduction
amend the title and Article I(f) of its ByOn May 19, 2015, each of the Boston
Laws to reflect the new name.
Stock Exchange Clearing Corporation
III. Discussion and Commission’s
(‘‘BSECC’’), NASDAQ OMX BX, Inc.
Findings
(‘‘BX’’), The NASDAQ Stock Market
LLC (‘‘NASDAQ’’), NASDAQ OMX
After careful review, the Commission
PHLX LLC (‘‘Phlx’’), and the Stock
finds that the proposed rule changes are
Clearing Corporation of Philadelphia
consistent with the requirements of the
(‘‘SCCP’’ and, together with BSECC, BX, Act and the rules and regulations
NASDAQ, and Phlx, the ‘‘SROs’’), filed
thereunder applicable to a national
with the Securities and Exchange
securities exchange, in the case of the
Commission (‘‘Commission’’), pursuant
proposals by BX, NASDAQ, and Phlx,
to section 19(b)(1) of the Securities
and to a clearing agency, in the case of
Exchange Act of 1934 (‘‘Act’’) 1 and Rule the proposals by BSECC and SCCP.5
19b–4 thereunder,2 proposed rule
In particular, the Commission finds
changes with respect to amendments to
that the proposed rule changes by BX,
the Amended and Restated Certificate of NASDAQ, and Phlx are consistent with
Incorporation (the ‘‘Charter’’) and Bythe requirements of the Act and the
Laws (the ‘‘By-Laws’’) of The NASDAQ
rules and regulations thereunder
OMX Group, Inc. (‘‘NASDAQ OMX’’),
applicable to a national securities
the parent company of the SROs, to
exchange. Section 6(b)(5) of the Act
change its name to Nasdaq, Inc. The BX, requires, among other things, that an
NASDAQ, and Phlx proposed rule
exchange’s rules be designed to prevent
changes were published for comment in fraudulent and manipulative acts and
the Federal Register on June 2, 2015.3
practices, to promote just and equitable
The BSECC and SCCP proposed rule
principles of trade, to remove
changes were published for comment in impediments to and perfect the
the Federal Register on June 3, 2015.4
mechanism of a free and open market
The Commission did not receive any
and a national market system, and, in
comment letters on the proposals. This
general, to protect investors and the
order approves the proposed rule
public interest.6 The Commission
changes.
believes that the proposed rule changes
by BX, NASDAQ, and Phlx are
II. Description of the Proposal
consistent with the requirements of
NASDAQ OMX, as part of an ongoing section 6(b)(5) of the Act 7 because they
global rebranding initiative, has begun
would reflect the change made by
to refer to itself, both internally and
NASDAQ OMX, the exchanges’ parent
externally, as Nasdaq, rather than
company,8 to its Charter and By-Laws to
NASDAQ OMX. As a result of this
SECURITIES AND EXCHANGE
COMMISSION
5 Additionally,
1 15
U.S.C. 78s(b)(1).
CFR 240.19b–4.
3 Securities Exchange Act Release Nos. 75051
(May 27, 2015), 80 FR 31427 (SR–BX–2015–030);
75052 (May 27, 2015), 80 FR 31438 (SR–NASDAQ–
2015–058); 75053 (May 27, 2015), 80 FR 31439 (SR–
Phlx–2015–46).
4 Securities Exchange Act Release Nos. 75064
(May 28, 2015), 80 FR 31627 (SR–BSECC–2015–
001); 75063 (May 28, 2015), 80 FR 31625 (SR–
SCCP–2015–01).
tkelley on DSK3SPTVN1PROD with NOTICES
2 17
VerDate Sep<11>2014
17:39 Jul 15, 2015
Jkt 235001
in approving these proposed rule
changes, the Commission has considered the
proposed rules’ impact on efficiency, competition,
and capital formation. See 15 U.S.C. 78c(f).
6 15 U.S.C. 78f(b)(5).
7 Id.
8 Certain provisions of NASDAQ OMX’s Charter
and By-Laws are considered rules of BX, NASDAQ,
and Phlx if they are stated policies, practices, or
interpretations, as defined in Rule 19b–4 under the
Act, of BX, NASDAQ, and Phlx, and must be filed
with the Commission pursuant to Section 19(b) of
PO 00000
Frm 00052
Fmt 4703
Sfmt 4703
change its legal name to Nasdaq, Inc.,
which should eliminate potential
confusion among investors and market
participants because of differences
between NASDAQ OMX’s corporate
name and the manner in which it refers
to itself as part of its current global
branding initiative.
The Commission also finds that the
proposed rule changes by BSECC and
SCCP are consistent with the
requirements of the Act and the rules
and regulations thereunder applicable to
clearing agencies. Section 17A(b)(3)(F)
of the Act requires, among other things,
that the rules of a clearing agency be
designed to protect investors and the
public interest.9 In addition, Rule
17Ad–22(d)(8) under the Act 10 requires
registered clearing agencies to establish,
implement, maintain, and enforce
written policies and procedures
reasonably designed to have governance
arrangements that are clear and
transparent. Here, BSECC and SCCP
filed proposed rule changes to highlight
a change being made in the Charter and
By-laws of NASDAQ OMX,11 which
indirectly owns BSECC and SCCP.
Therefore, the proposed rule changes by
BSECC and SCCP help make clear and
transparent the governance
arrangements of NASDAQ OMX and,
thus, BSECC and SCCP, which helps
ensure investor protection and the
public interest.
IV. Conclusion
For the foregoing reasons, the
Commission finds that the proposed
rule changes are consistent with the Act
and the rules and regulations
thereunder applicable to a national
securities exchange, in the case of BX,
NASDAQ, and Phlx, and to a registered
clearing agency, in the case of BSECC
and SCCP.
It is therefore ordered, pursuant to
section 19(b)(2) of the Act,12 that the
proposed rule changes (SR–BSECC–
2015–001; SR–BX–2015–030; SR–
NASDAQ–2015–058; SR–Phlx–2015–46;
SR–SCCP–2015–01) be, and hereby are,
approved.
the Act and Rule 19b–4 thereunder. 15 U.S.C.
78s(b); 17 CFR 240.19b–4.
9 15 U.S.C. 78q–1(b)(3)(F).
10 17 CFR 240.17Ad–22(d)(8).
11 Certain provisions of NASDAQ OMX’s Charter
and By-Laws are considered rules of BSECC and
SCCP if they are stated policies, practices, or
interpretations, as defined in Rule 19b–4 under the
Act, of BSECC and SCCP, and must be filed with
the Commission pursuant to section 19(b) of the Act
and Rule 19b–4 thereunder. 15 U.S.C. 78q–1(b); 17
CFR 240.19b–4.
12 15 U.S.C. 78s(b)(2).
E:\FR\FM\16JYN1.SGM
16JYN1
Federal Register / Vol. 80, No. 136 / Thursday, July 16, 2015 / Notices
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.13
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2015–17394 Filed 7–15–15; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–75423; File No. SR–
NASDAQ–2015–070]
Self-Regulatory Organizations; The
NASDAQ Stock Market LLC; Notice of
Filing and Immediate Effectiveness of
Proposed Rule Change to Relating to
Non-Penny Pilot Options Fees
July 10, 2015.
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 June 30,
2015, The NASDAQ Stock Market LLC
(‘‘Nasdaq’’ or ‘‘Exchange’’) filed with the
Securities and Exchange Commission
(‘‘SEC’’ or ‘‘Commission’’) the proposed
rule change as described in Items I, II,
and III, below, which Items have been
prepared by the Exchange. The
Commission is publishing this notice to
solicit comments on the proposed rule
change from interested persons.
13 17
CFR 200.30–3(a)(12).
U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
3 The Penny Pilot was established in March 2008
is currently expanded and extended through June
30, 2015. See Securities Exchange Act Release Nos.
57579 (March 28, 2008), 73 FR 18587 (April 4,
2008) (SR–NASDAQ–2008–026) (notice of filing
and immediate effectiveness establishing Penny
Pilot); 60874 (October 23, 2009), 74 FR 56682
(November 2, 2009)(SR–NASDAQ–2009–091)
(notice of filing and immediate effectiveness
expanding and extending Penny Pilot); 60965
(November 9, 2009), 74 FR 59292 (November 17,
2009)(SR–NASDAQ–2009–097) (notice of filing and
immediate effectiveness adding seventy-five classes
to Penny Pilot); 61455 (February 1, 2010), 75 FR
6239 (February 8, 2010) (SR–NASDAQ–2010–013)
(notice of filing and immediate effectiveness adding
seventy-five classes to Penny Pilot); 62029 (May 4,
2010), 75 FR 25895 (May 10, 2010) (SR–NASDAQ–
2010–053) (notice of filing and immediate
effectiveness adding seventy-five classes to Penny
Pilot); 65969 (December 15, 2011), 76 FR 79268
(December 21, 2011) (SR–NASDAQ–2011–169)
(notice of filing and immediate effectiveness
extension and replacement of Penny Pilot); 67325
(June 29, 2012), 77 FR 40127 (July 6, 2012) (SR–
NASDAQ–2012–075) (notice of filing and
immediate effectiveness and extension and
replacement of Penny Pilot through December 31,
2012); 68519 (December 21, 2012), 78 FR 136
(January 2, 2013) (SR–NASDAQ–2012–143) (notice
of filing and immediate effectiveness and extension
tkelley on DSK3SPTVN1PROD with NOTICES
1 15
VerDate Sep<11>2014
17:39 Jul 15, 2015
Jkt 235001
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
The Exchange proposes to amend the
Exchange’s transaction fees at chapter
XV, section 2 entitled ‘‘NASDAQ
Options Market—Fees and Rebates,’’
which governs pricing for NASDAQ
members using the NASDAQ Options
Market (‘‘NOM’’), NASDAQ’s facility for
executing and routing standardized
equity and index options.
While the changes proposed herein
are effective upon filing, the Exchange
has designated the amendments become
operative on July 1, 2015.
The text of the proposed rule change
is available on the Exchange’s Web site
at https://nasdaq.cchwallstreet.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
Exchange included statements
concerning the purpose of and basis for
the proposed rule change and discussed
any comments it received on the
proposed rule change. The text of these
statements may be examined at the
places specified in Item IV below. The
Exchange has prepared summaries, set
forth in sections A, B, and C below, of
the most significant aspects of such
statements.
and replacement of Penny Pilot through June 30,
2013); 69787 (June 18, 2013), 78 FR 37858 (June 24,
2013) (SR–NASDAQ–2013–082) (notice of filing
and immediate effectiveness and extension and
replacement of Penny Pilot through December 31,
2013); 71105 (December 17, 2013), 78 FR 77530
(December 23, 2013) (SR–NASDAQ–2013–154)
(notice of filing and immediate effectiveness and
extension and replacement of Penny Pilot through
June 30, 2014); 79 FR 31151 (May 23, 2014), 79 FR
31151 (May 30, 2014) (SR–NASDAQ–2014–056)
(notice of filing and immediate effectiveness and
extension and replacement of Penny Pilot through
December 31, 2014); 73686 (December 2, 2014), 79
FR 71477 (November 25, 2014) (SR–NASDAQ–
2014–115) (notice of filing and immediate
effectiveness and extension and replacement of
Penny Pilot through June 30, 2015); and 75283
(June 24, 2015), 80 FR 37347 (June 30, 2015) (notice
of Filing and Immediate Effectiveness of a Proposed
Rule Change Relating to Extension of the
Exchange’s Penny Pilot Program and Replacement
of Penny Pilot Issues That Have Been Delisted). See
also NOM Rules, chapter VI, section 5.
4 The Non-Penny Pilot Options pricing includes
options overlying the Nasdaq 100 Index traded
under the symbol NDX. For transactions in NDX,
a surcharge of $0.15 per contract will be added to
the Fee for Adding Liquidity and the Fee for
Removing Liquidity in Non-Penny Pilot Options,
except for a Customer who will not be assessed a
surcharge.
5 The term ‘‘Customer’’ applies to any transaction
that is identified by a Participant for clearing in the
PO 00000
Frm 00053
Fmt 4703
Sfmt 4703
42137
A. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
1. Purpose
The Exchange proposes to amend the
Non-Penny Pilot Options 3 Fees for
Removing Liquidity 4 for all market
participants, except Customers.5 The
Exchange is also proposing to remove
all fees for options overlying the PHLX
Semiconductor SectorSM (SOXSM).
Non-Penny Pilot Options Fees for
Removing Liquidity
The Exchange proposes to amend the
Non-Penny Pilot Options Fees for
Removing Liquidity (including NDX) for
Professionals,6 Firms,7 Non-NOM
Market Makers,8 NOM Market Makers 9
and Broker-Dealers 10 from $0.89 to
$0.94 per contract. Customers will
continue to be assessed a Non-Penny
Pilot Options Fee for Removing
Liquidity of $0.85 per contract. The
Exchange believes that despite this fee
increase, Fees for Removing Liquidity in
Non-Penny Pilot Options remain
competitive.
SOX
The Exchange is proposing to remove
all fees related to SOX from chapter XV,
section 2 of the NOM Rules. Currently,
chapter XV, section 2 specifies the
following fees related to SOX:
Customer range at The Options Clearing
Corporation (‘‘OCC’’) which is not for the account
of broker or dealer or for the account of a
‘‘Professional’’ (as that term is defined in chapter I,
section 1(a)(48)).
6 The term ‘‘Professional’’ means any person or
entity that (i) is not a broker or dealer in securities,
and (ii) places more than 390 orders in listed
options per day on average during a calendar month
for its own beneficial account(s) pursuant to chapter
I, section 1(a)(48). All Professional orders shall be
appropriately marked by Participants.
7 The term ‘‘Firm’’ or (‘‘F’’) applies to any
transaction that is identified by a Participant for
clearing in the Firm range at OCC.
8 The term ‘‘Non-NOM Market Maker’’ or (‘‘O’’) is
a registered market maker on another options
exchange that is not a NOM Market Maker. A NonNOM Market Maker must append the proper NonNOM Market Maker designation to orders routed to
NOM.
9 The term ‘‘NOM Market Maker’’ means a
Participant that has registered as a Market Maker on
NOM pursuant to chapter VII, section 2, and must
also remain in good standing pursuant to chapter
VII, section 4. In order to receive NOM Market
Maker pricing in all securities, the Participant must
be registered as a NOM Market Maker in at least one
security.
10 The term ‘‘Broker-Dealer’’ or (‘‘B’’) applies to
any transaction which is not subject to any of the
other transaction fees applicable within a particular
category.
E:\FR\FM\16JYN1.SGM
16JYN1
]]>Agencies
[Federal Register Volume 80, Number 136 (Thursday, July 16, 2015)]
[Notices]
[Pages 42136-42137]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-17394]
[[Page 42136]]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-75421; File Nos. SR-BSECC-2015-001; SR-BX-2015-030; SR-
NASDAQ-2015-058; SR-Phlx-2015-46; SR-SCCP-2015-01]
Self-Regulatory Organizations; Boston Stock Exchange Clearing
Corporation; NASDAQ OMX BX, Inc.; The NASDAQ Stock Market LLC; NASDAQ
OMX PHLX LLC; Stock Clearing Corporation of Philadelphia; Order
Approving Proposed Rule Changes To Amend the Amended and Restated
Certificate of Incorporation and By-Laws of The NASDAQ OMX Group, Inc.
July 10, 2015.
I. Introduction
On May 19, 2015, each of the Boston Stock Exchange Clearing
Corporation (``BSECC''), NASDAQ OMX BX, Inc. (``BX''), The NASDAQ Stock
Market LLC (``NASDAQ''), NASDAQ OMX PHLX LLC (``Phlx''), and the Stock
Clearing Corporation of Philadelphia (``SCCP'' and, together with
BSECC, BX, NASDAQ, and Phlx, the ``SROs''), 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\ proposed rule changes with respect to amendments to the
Amended and Restated Certificate of Incorporation (the ``Charter'') and
By-Laws (the ``By-Laws'') of The NASDAQ OMX Group, Inc. (``NASDAQ
OMX''), the parent company of the SROs, to change its name to Nasdaq,
Inc. The BX, NASDAQ, and Phlx proposed rule changes were published for
comment in the Federal Register on June 2, 2015.\3\ The BSECC and SCCP
proposed rule changes were published for comment in the Federal
Register on June 3, 2015.\4\ The Commission did not receive any comment
letters on the proposals. This order approves the proposed rule
changes.
---------------------------------------------------------------------------
\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
\3\ Securities Exchange Act Release Nos. 75051 (May 27, 2015),
80 FR 31427 (SR-BX-2015-030); 75052 (May 27, 2015), 80 FR 31438 (SR-
NASDAQ-2015-058); 75053 (May 27, 2015), 80 FR 31439 (SR-Phlx-2015-
46).
\4\ Securities Exchange Act Release Nos. 75064 (May 28, 2015),
80 FR 31627 (SR-BSECC-2015-001); 75063 (May 28, 2015), 80 FR 31625
(SR-SCCP-2015-01).
---------------------------------------------------------------------------
II. Description of the Proposal
NASDAQ OMX, as part of an ongoing global rebranding initiative, has
begun to refer to itself, both internally and externally, as Nasdaq,
rather than NASDAQ OMX. As a result of this initiative, the SROs note
that for purposes of consistency with its marketing, communications,
and other materials, NASDAQ OMX intends to change the legal names of
NASDAQ OMX and certain of its subsidiaries to eliminate references to
OMX. As represented in the current proposed rule changes by each of its
subsidiaries, NASDAQ OMX has therefore proposed to amend its Charter
and By-Laws to change its legal name from The NASDAQ OMX Group, Inc. to
Nasdaq, Inc.
Specifically, NASDAQ OMX proposes to file a Certificate of
Amendment to its Charter with the Secretary of State of the State of
Delaware to amend Article First of the Charter to reflect the new name.
In addition, NASDAQ OMX proposes to amend the title and Article I(f) of
its By-Laws to reflect the new name.
III. Discussion and Commission's Findings
After careful review, the Commission finds that the proposed rule
changes are consistent with the requirements of the Act and the rules
and regulations thereunder applicable to a national securities
exchange, in the case of the proposals by BX, NASDAQ, and Phlx, and to
a clearing agency, in the case of the proposals by BSECC and SCCP.\5\
---------------------------------------------------------------------------
\5\ Additionally, in approving these proposed rule changes, the
Commission has considered the proposed rules' impact on efficiency,
competition, and capital formation. See 15 U.S.C. 78c(f).
---------------------------------------------------------------------------
In particular, the Commission finds that the proposed rule changes
by BX, NASDAQ, and Phlx are consistent with the requirements of the Act
and the rules and regulations thereunder applicable to a national
securities exchange. Section 6(b)(5) of the Act requires, among other
things, that an exchange's rules be designed to prevent fraudulent and
manipulative acts and practices, to promote just and equitable
principles of trade, 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.\6\ The
Commission believes that the proposed rule changes by BX, NASDAQ, and
Phlx are consistent with the requirements of section 6(b)(5) of the Act
\7\ because they would reflect the change made by NASDAQ OMX, the
exchanges' parent company,\8\ to its Charter and By-Laws to change its
legal name to Nasdaq, Inc., which should eliminate potential confusion
among investors and market participants because of differences between
NASDAQ OMX's corporate name and the manner in which it refers to itself
as part of its current global branding initiative.
---------------------------------------------------------------------------
\6\ 15 U.S.C. 78f(b)(5).
\7\ Id.
\8\ Certain provisions of NASDAQ OMX's Charter and By-Laws are
considered rules of BX, NASDAQ, and Phlx if they are stated
policies, practices, or interpretations, as defined in Rule 19b-4
under the Act, of BX, NASDAQ, and Phlx, and must be filed with the
Commission pursuant to Section 19(b) of the Act and Rule 19b-4
thereunder. 15 U.S.C. 78s(b); 17 CFR 240.19b-4.
---------------------------------------------------------------------------
The Commission also finds that the proposed rule changes by BSECC
and SCCP are consistent with the requirements of the Act and the rules
and regulations thereunder applicable to clearing agencies. Section
17A(b)(3)(F) of the Act requires, among other things, that the rules of
a clearing agency be designed to protect investors and the public
interest.\9\ In addition, Rule 17Ad-22(d)(8) under the Act \10\
requires registered clearing agencies to establish, implement,
maintain, and enforce written policies and procedures reasonably
designed to have governance arrangements that are clear and
transparent. Here, BSECC and SCCP filed proposed rule changes to
highlight a change being made in the Charter and By-laws of NASDAQ
OMX,\11\ which indirectly owns BSECC and SCCP. Therefore, the proposed
rule changes by BSECC and SCCP help make clear and transparent the
governance arrangements of NASDAQ OMX and, thus, BSECC and SCCP, which
helps ensure investor protection and the public interest.
---------------------------------------------------------------------------
\9\ 15 U.S.C. 78q-1(b)(3)(F).
\10\ 17 CFR 240.17Ad-22(d)(8).
\11\ Certain provisions of NASDAQ OMX's Charter and By-Laws are
considered rules of BSECC and SCCP if they are stated policies,
practices, or interpretations, as defined in Rule 19b-4 under the
Act, of BSECC and SCCP, and must be filed with the Commission
pursuant to section 19(b) of the Act and Rule 19b-4 thereunder. 15
U.S.C. 78q-1(b); 17 CFR 240.19b-4.
---------------------------------------------------------------------------
IV. Conclusion
For the foregoing reasons, the Commission finds that the proposed
rule changes are consistent with the Act and the rules and regulations
thereunder applicable to a national securities exchange, in the case of
BX, NASDAQ, and Phlx, and to a registered clearing agency, in the case
of BSECC and SCCP.
It is therefore ordered, pursuant to section 19(b)(2) of the
Act,\12\ that the proposed rule changes (SR-BSECC-2015-001; SR-BX-2015-
030; SR-NASDAQ-2015-058; SR-Phlx-2015-46; SR-SCCP-2015-01) be, and
hereby are, approved.
---------------------------------------------------------------------------
\12\ 15 U.S.C. 78s(b)(2).
[[Page 42137]]
---------------------------------------------------------------------------
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\13\
---------------------------------------------------------------------------
\13\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2015-17394 Filed 7-15-15; 8:45 am]
BILLING CODE 8011-01-P
