In the Matter of Changda International Holdings, Inc.: Order of Suspension of Trading, 118 [2015-33029]
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Federal Register / Vol. 81, No. 1 / Monday, January 4, 2016 / Notices
any burden on competition not
necessary or appropriate in furtherance
of the purposes of the Act. In terms of
inter-market competition, 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, or
rebate opportunities available at other
venues to be more favorable. In such an
environment, the Exchange must
continually adjust its fees to remain
competitive with other exchanges and
with alternative trading systems that
have been exempted from compliance
with the statutory standards applicable
to exchanges. Because competitors are
free to modify their own fees in
response, and because market
participants may readily adjust their
order routing practices, the Exchange
believes that the degree to which fee
changes in this market may impose any
burden on competition is extremely
limited.
The Exchange’s proposal to increase
the Options Surcharge for transactions
in MNX and NDX from $0.20 to $0.25
per contract for all non-Customer
market participants does not impose an
undue burden on intra-market
competition because all non-Customer
market participants will continue to be
assessed a uniform Options Surcharge
for transactions in MNX and NDX, in
addition to other transaction fees.
Customer liquidity benefits all market
participants by providing more trading
opportunities, which attracts Specialists
and Market Makers. An increase in the
activity of these market participants in
turn facilitates tighter spreads, which
may cause an additional corresponding
increase in order flow from other market
participants.
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C. Self-Regulatory Organization’s
Statement on Comments on the
Proposed Rule Change Received From
Members, Participants, or Others
No written comments were either
solicited or received.
III. Date of Effectiveness of the
Proposed Rule Change and Timing for
Commission Action
The foregoing rule change has become
effective pursuant to Section
19(b)(3)(A)(ii) of the Act.20
At any time within 60 days of the
filing of the proposed rule change, the
Commission summarily may
temporarily suspend such rule change if
it appears to the Commission that such
action is: (i) Necessary or appropriate in
the public interest; (ii) for the protection
20 15
U.S.C. 78s(b)(3)(A)(ii).
VerDate Sep<11>2014
16:43 Dec 31, 2015
Jkt 238001
of investors; or (iii) otherwise in
furtherance of the purposes of the Act.
If the Commission takes such action, the
Commission shall institute proceedings
to determine whether the proposed rule
should be approved or disapproved.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.21
Jill M. Peterson,
Assistant Secretary.
IV. Solicitation of Comments
BILLING CODE 8011–01–P
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–
Phlx–2015–111 on the subject line.
Paper Comments
• Send paper comments in triplicate
to Brent J. Fields, Secretary, Securities
and Exchange Commission, 100 F Street
NE., Washington, DC 20549–1090.
All submissions should refer to File
Number SR–Phlx–2015–111. 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 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–Phlx–
2015–111 and should be submitted on
or before January 25, 2016.
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[FR Doc. 2015–32990 Filed 12–31–15; 8:45 am]
SECURITIES AND EXCHANGE
COMMISSION
[File No. 500–1]
In the Matter of Changda International
Holdings, Inc.: Order of Suspension of
Trading
December 29, 2015.
It appears to the Securities and
Exchange Commission (‘‘Commission’’)
that there is a lack of current and
accurate information concerning the
securities of Changda International
Holdings, Inc. (‘‘CIHD 1’’) (CIK No.
1417624), a revoked Nevada corporation
whose principal place of business is
listed as Weifang, Shandong, China
because it is delinquent in its periodic
filings with the Commission, having not
filed any periodic reports since it filed
a Form 10–Q for the period ended June
30, 2012. On April 28, 2015, the
Commission’s Division of Corporation
Finance sent a delinquency letter to
CIHD at the address shown in its thenmost recent filing in the Commission’s
EDGAR system requesting compliance
with its periodic filing requirements, .
To date, CIHD has failed to cure its
delinquencies. As of December 15, 2015,
the common stock of CIHD was quoted
on OTC Link operated by OTC Markets
Group, Inc. (formerly ‘‘Pink Sheets’’)
had seven market makers and was
eligible for the ‘‘piggyback’’ exception of
Exchange Act Rule 15c2–11(f)(3).
The Commission is of the opinion that
the public interest and the protection of
investors require a suspension of trading
in the securities of the above-listed
company. Therefore, it is ordered,
pursuant to Section 12(k) of the
Securities Exchange Act of 1934, that
trading in the securities of the abovelisted company is suspended for the
period from 9:30 a.m. EST on December
29, 2015, through 11:59 p.m. EST on
January 12, 2016.
By the Commission.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2015–33029 Filed 12–31–15; 8:45 am]
BILLING CODE 8011–01–P
21 17
CFR 200.30–3(a)(12).
short form of the issuer’s name is also its
ticker symbol.
1 The
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[Federal Register Volume 81, Number 1 (Monday, January 4, 2016)]
[Notices]
[Page 118]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-33029]
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SECURITIES AND EXCHANGE COMMISSION
[File No. 500-1]
In the Matter of Changda International Holdings, Inc.: Order of
Suspension of Trading
December 29, 2015.
It appears to the Securities and Exchange Commission
(``Commission'') that there is a lack of current and accurate
information concerning the securities of Changda International
Holdings, Inc. (``CIHD \1\'') (CIK No. 1417624), a revoked Nevada
corporation whose principal place of business is listed as Weifang,
Shandong, China because it is delinquent in its periodic filings with
the Commission, having not filed any periodic reports since it filed a
Form 10-Q for the period ended June 30, 2012. On April 28, 2015, the
Commission's Division of Corporation Finance sent a delinquency letter
to CIHD at the address shown in its then-most recent filing in the
Commission's EDGAR system requesting compliance with its periodic
filing requirements, . To date, CIHD has failed to cure its
delinquencies. As of December 15, 2015, the common stock of CIHD was
quoted on OTC Link operated by OTC Markets Group, Inc. (formerly ``Pink
Sheets'') had seven market makers and was eligible for the
``piggyback'' exception of Exchange Act Rule 15c2-11(f)(3).
---------------------------------------------------------------------------
\1\ The short form of the issuer's name is also its ticker
symbol.
---------------------------------------------------------------------------
The Commission is of the opinion that the public interest and the
protection of investors require a suspension of trading in the
securities of the above-listed company. Therefore, it is ordered,
pursuant to Section 12(k) of the Securities Exchange Act of 1934, that
trading in the securities of the above-listed company is suspended for
the period from 9:30 a.m. EST on December 29, 2015, through 11:59 p.m.
EST on January 12, 2016.
By the Commission.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2015-33029 Filed 12-31-15; 8:45 am]
BILLING CODE 8011-01-P
