Sunshine Act Meeting, 13857 [2016-05879]
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Federal Register / Vol. 81, No. 50 / Tuesday, March 15, 2016 / Notices
require a different response. Persons
relying upon this exemptive relief shall
discontinue transactions involving the
Shares of the Fund, pending
presentation of the facts for the
Commission’s consideration, in the
event that any material change occurs
with respect to any of the facts or
representations made by the Requestors,
and as is the case with all preceding
letters, particularly with respect to the
close alignment between the market
price of Shares and the Fund’s NAV. In
addition, persons relying on this
exemption are directed to the anti-fraud
and anti-manipulation provisions of the
Exchange Act, particularly Sections 9(a),
10(b), and Rule 10b–5 thereunder.
Responsibility for compliance with
these and any other applicable
provisions of the federal securities laws
must rest with the persons relying on
this exemption. This Order should not
be considered a view with respect to
any other question that the proposed
transactions may raise, including, but
not limited to, the adequacy of the
disclosure concerning, and the
applicability of other federal or state
laws to, the proposed transactions.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.8
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2016–05749 Filed 3–14–16; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
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listed for the Closed Meeting in closed
session.
The subject matter of the Closed
Meeting will be:
Institution and settlement of
injunctive actions;
Institution and settlement of
administrative proceedings;
Adjudicatory matters;
Opinion; and
Other matters relating to enforcement
proceedings.
At times, changes in Commission
priorities require alterations in the
scheduling of meeting items.
For further information and to
ascertain what, if any, matters have been
added, deleted or postponed, please
contact the Office of the Secretary at
(202) 551–5400.
rules.htm, at the principal office of the
Exchange, and at the Commission’s
Public Reference Room.
Dated: March 10, 2016.
Lynn M. Powalski,
Deputy Secretary.
A. Self-Regulatory Organization’s
Statement of the Purpose of, and the
Statutory Basis for, the Proposed Rule
Change
[FR Doc. 2016–05879 Filed 3–11–16; 11:15 am]
BILLING CODE 8011–01–P
Notice is hereby given, pursuant to
the provisions of the Government in the
Sunshine Act, Public Law 94–409, that
the Securities and Exchange
Commission will hold a Closed Meeting
on Thursday, March 17, 2016 at 2:00
p.m.
Commissioners, Counsel to the
Commissioners, the Secretary to the
Commission, and recording secretaries
will attend the Closed Meeting. Certain
staff members who have an interest in
the matters also may be present.
The General Counsel of the
Commission, or her designee, has
certified that, in her opinion, one or
more of the exemptions set forth in 5
U.S.C. 552b(c)(3), (5), (7), 9(B) and (10)
and 17 CFR 200.402(a)(3), (5), (7), 9(ii)
and (10), permit consideration of the
scheduled matter at the Closed Meeting.
Commissioner Piwowar, as duty
officer, voted to consider the items
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–77331; File No. SR–CHX–
2016–01]
Self-Regulatory Organizations;
Chicago Stock Exchange, Inc.; Notice
of Filing of Proposed Rule Change To
Adopt and Amend Rules To Permit the
Exchange To Initiate CHX SNAP SM
Cycles
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 February
26, 2016, the Chicago Stock Exchange,
Inc. (‘‘CHX’’ or ‘‘Exchange’’) filed with
the Securities and Exchange
Commission (‘‘SEC’’ or ‘‘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
CHX proposes to adopt and amend
rules to permit the Exchange to initiate
CHX SNAP SM cycles. The text of this
proposed rule change is available on the
Exchange’s Web site at https://
www.chx.com/rules/proposed_
1 15
8 17
CFR 200.30–3(a)(6) and (9).
VerDate Sep<11>2014
17:40 Mar 14, 2016
2 17
Jkt 238001
PO 00000
U.S.C. 78s(b)(1).
CFR 240.19b–4.
Frm 00087
Fmt 4703
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.
1. Purpose
March 9, 2016.
Sunshine Act Meeting
13857
Sfmt 4703
The Exchange proposes to adopt and
amend rules to permit the Exchange to
initiate CHX SNAP (‘‘SNAP’’) Cycles.3
Currently, a SNAP Cycle may only be
initiated upon receipt of a valid limit
order marked Start SNAP (‘‘Start SNAP
order’’) submitted by an order sender.4
The Exchange now proposes to permit
the Exchange to initiate a SNAP Cycle,
without receipt of a valid Start SNAP
order, if a periodic pro forma SNAP
review of the contents of the CHX book,
SNAP Auction Only Order (‘‘AOO’’)
Queue 5 and Protected Quotations of
external markets, in a given security,
show that the projected execution size
that would result if a SNAP Cycle were
to be initiated at that moment would
meet certain minimum size and notional
value requirements, as applicable
(‘‘Exchange-initiated SNAP’’). This
proposal is designed to permit
marketable, yet inactive passive
liquidity of a substantial size (i.e.,
inactive SNAP AOOs), to execute via
SNAP in the absence of a Start SNAP
order. The proposed rule change does
not modify the operation of SNAP
Cycles in any other way.
3 See Securities Exchange Act Release No. 76262
(October 26, 2015), 80 FR 67440 (November 2, 2015)
(SR–CHX–2015–05); see also Securities Exchange
Act Release No. 76087 (October 6, 2015), 80 FR
61540 (October 13, 2015); see also Securities
Exchange Act Release No. 75346 (July 1, 2015), 80
FR 39172 (July 8, 2015) (SR–CHX–2015–03). The
approved rule changes are not yet operative and
will become operative upon two weeks’ notice by
the Exchange to its Participants.
4 See supra id.; see also CHX Article 1, Rule
2(h)(1); see also CHX Article 18, Rule 1(b)(1).
5 See supra note 3; see also CHX Article 20, Rule
8(b)(2)(A).
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[Federal Register Volume 81, Number 50 (Tuesday, March 15, 2016)]
[Notices]
[Page 13857]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-05879]
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SECURITIES AND EXCHANGE COMMISSION
Sunshine Act Meeting
Notice is hereby given, pursuant to the provisions of the
Government in the Sunshine Act, Public Law 94-409, that the Securities
and Exchange Commission will hold a Closed Meeting on Thursday, March
17, 2016 at 2:00 p.m.
Commissioners, Counsel to the Commissioners, the Secretary to the
Commission, and recording secretaries will attend the Closed Meeting.
Certain staff members who have an interest in the matters also may be
present.
The General Counsel of the Commission, or her designee, has
certified that, in her opinion, one or more of the exemptions set forth
in 5 U.S.C. 552b(c)(3), (5), (7), 9(B) and (10) and 17 CFR
200.402(a)(3), (5), (7), 9(ii) and (10), permit consideration of the
scheduled matter at the Closed Meeting.
Commissioner Piwowar, as duty officer, voted to consider the items
listed for the Closed Meeting in closed session.
The subject matter of the Closed Meeting will be:
Institution and settlement of injunctive actions;
Institution and settlement of administrative proceedings;
Adjudicatory matters;
Opinion; and
Other matters relating to enforcement proceedings.
At times, changes in Commission priorities require alterations in
the scheduling of meeting items.
For further information and to ascertain what, if any, matters have
been added, deleted or postponed, please contact the Office of the
Secretary at (202) 551-5400.
Dated: March 10, 2016.
Lynn M. Powalski,
Deputy Secretary.
[FR Doc. 2016-05879 Filed 3-11-16; 11:15 am]
BILLING CODE 8011-01-P
