Sunshine Act Meeting, 23343 [2016-09210]
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Federal Register / Vol. 81, No. 76 / Wednesday, April 20, 2016 / Notices
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, April 21, 2016 at 2 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), (a)(5), (a)(7),
(a)(9)(ii) and (a)(10), permit
consideration of the scheduled matter at
the Closed Meeting.
Commissioner Stein, 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; 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: April 14, 2016.
Brent J. Fields,
Secretary.
[FR Doc. 2016–09210 Filed 4–18–16; 11:15 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
Lhorne on DSK5TPTVN1PROD with NOTICES
[Release No. 34–77621; File No. SR–CBOE–
2016–031]
Self-Regulatory Organizations;
Chicago Board Options Exchange,
Incorporated; Notice of Filing and
Immediate Effectiveness of a Proposed
Rule Change to Amend the Fees
Schedule
April 14, 2016.
Pursuant to Section 19(b)(1) of the
Securities Exchange Act of 1934 (the
VerDate Sep<11>2014
14:53 Apr 19, 2016
Jkt 238001
‘‘Act’’),1 and Rule 19b–4 thereunder,2
notice is hereby given that on April 1,
2016, Chicago Board Options Exchange,
Incorporated (the ‘‘Exchange’’ or
‘‘CBOE’’) 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 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
The text of the proposed rule change
is available on the Exchange’s Web site
(https://www.cboe.com/AboutCBOE/
CBOELegalRegulatoryHome.aspx), at
the Exchange’s Office of the Secretary,
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.
A. Self-Regulatory Organization’s
Statement of the Purpose of, and the
Statutory Basis for, the Proposed Rule
Change
1. Purpose
The Exchange proposes to amend the
Fees Schedule. Specifically, the
Exchange proposes to make changes to
the Facility Fees section of the Fees
Schedule to remove references to FBW,3
which has been decommissioned,
effective March 31, 2016.4 Pursuant to
the Facilities Fees section of the Fees
Schedule, the Exchange charges Trading
Permit Holders (‘‘TPHs’’) a monthly fee
of $450.00 per login ID per month for
the use of a FBW.5 The Exchange
assesses these facility fees in arrears
during the first week of the following
15 U.S.C. 78s(b)(1).
17 CFR 240.19b–4.
FBW is an order management tool used by Floor
Brokers to handle orders on the floor of the
Exchange. FBW is a third-party facility of the
Exchange.
4 See id.
5 See Fees Schedule, page 9.
1
2
3
PO 00000
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23343
month. For example, a TPH will be
billed in March for use of an FBW in
February. Monthly fees are assessed and
applied in their entirety and are not
prorated.6 Consequently, a TPH that
cancels an FBW login ID on March 15
will still be charged the $450.00 fee for
all of March on the April bill. FBW
login IDs are renewed automatically for
the next month unless the TPH submits
written notification to the Market
Operations Department by 3:00 p.m. on
the second-to-last business day of the
prior month to cancel the FBW login ID
at or prior to the end of the applicable
month.7
The Exchange proposes to make
changes to the Facility Fees section of
the Fees Schedule to delete the FBW
line-item and remove references to FBW
from the FBW2 line-item. As stated
above, FBW has been decommissioned,
effective March 31, 2016. Accordingly,
these references in the Fees Schedule
are no longer needed. The Exchange
notes that legacy-FBW users that had
active login IDs during March will be
billed in arrears on their April bills.
2. Statutory Basis
The Exchange believes the proposed
rule change is consistent with the Act
and the rules and regulations
thereunder applicable to the Exchange
and, in particular, the requirements of
Section 6(b) of the Act.8 Specifically,
the Exchange believes the proposed rule
change is consistent with the Section
6(b)(5) 9 requirements that the rules of
an exchange be designed to prevent
fraudulent and manipulative acts and
practices, to promote just and equitable
principles of trade, to foster cooperation
and coordination with persons engaged
in regulating, clearing, settling,
processing information with respect to,
and facilitating transactions in
securities, 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.
Additionally, the Exchange believes the
proposed rule change is consistent with
the Section 6(b)(5) 10 requirement that
the rules of an exchange not be designed
See id.
The Fees Schedule also provides that ‘‘[f]or
every FBW login a TPH has the FBW2 fee will be
waived on a one-to-one basis for the months of
January 2016 through March 2016.’’ The Exchange
also proposes to delete this sentence as FBW will
no longer exist as of March 31, 2016 and therefore,
the Exchange will not be offering to waive the
FBW2 fee on a one-to-one basis after March 31,
2016.
8 15 U.S.C. 78f(b).
9 15 U.S.C. 78f(b)(5).
10 Id.
6
7
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[Federal Register Volume 81, Number 76 (Wednesday, April 20, 2016)]
[Notices]
[Page 23343]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-09210]
[[Page 23343]]
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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, April
21, 2016 at 2 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), (a)(5), (a)(7), (a)(9)(ii) and (a)(10), permit
consideration of the scheduled matter at the Closed Meeting.
Commissioner Stein, 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; 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: April 14, 2016.
Brent J. Fields,
Secretary.
[FR Doc. 2016-09210 Filed 4-18-16; 11:15 am]
BILLING CODE 8011-01-P
