Boathouse Capital II, LP, License No. 03/03-0264; Notice Seeking Exemption Under Section 312 of the Small Business Investment Act, Conflicts of Interest, 45591 [2016-16701]
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Federal Register / Vol. 81, No. 135 / Thursday, July 14, 2016 / Notices
Fees is reasonable, equitable, and not
unfairly discriminatory as the Access
Fee is charged to all registered
personnel that operate on the Floor but
do not execute transactions. The
proposed fee is equitable and not
discriminatory as it applies equally to
all similarly situated individuals.
Additionally, the proposed fee is
reasonable because it is similar to fees
charged by another options exchange to
similarly situated floor personnel.10
For these reasons, the Exchange
believes that the proposal is consistent
with the Act.
B. Self-Regulatory Organization’s
Statement on Burden on Competition
In accordance with Section 6(b)(8) of
the Act,11 the Exchange does not believe
that the proposed rule change will
impose any burden on competition that
is not necessary or appropriate in
furtherance of the purposes of the Act.
Instead, the Exchange believes that the
proposed changes would encourage
competition, including by reducing the
overhead costs for Floor Brokers so that
they may conduct a more competitive
business attracting manual orders to the
Exchange, which would make the
Exchange a more competitive venue for,
among other things, order execution and
price discovery.
The Exchange notes that it operates in
a highly competitive market in which
market participants can readily favor
competing venues. In such an
environment, the Exchange must
continually review, and consider
adjusting, its fees and credits to remain
competitive with other exchanges. For
the reasons described above, the
Exchange believes that the proposed
rule change reflects this competitive
environment.
C. Self-Regulatory Organization’s
Statement on Comments on the
Proposed Rule Change Received From
Members, Participants, or Others
No written comments were solicited
or received with respect to the proposed
rule change.
asabaliauskas on DSK3SPTVN1PROD with NOTICES
III. Date of Effectiveness of the
Proposed Rule Change and Timing for
Commission Action
The foregoing rule change is effective
upon filing pursuant to Section
19(b)(3)(A) 12 of the Act and
subparagraph (f)(2) of Rule 19b–4 13
thereunder, because it establishes a due,
10 See
supra n. 7 [sic].
U.S.C. 78f(b)(8).
12 15 U.S.C. 78s(b)(3)(A).
13 17 CFR 240.19b–4(f)(2).
11 15
VerDate Sep<11>2014
19:33 Jul 13, 2016
fee, or other charge imposed by the
Exchange.
At any time within 60 days of the
filing of such proposed rule change, the
Commission summarily may
temporarily suspend such rule change if
it appears to the Commission that such
action is necessary or appropriate in the
public interest, for the protection of
investors, or otherwise in furtherance of
the purposes of the Act. If the
Commission takes such action, the
Commission shall institute proceedings
under Section 19(b)(2)(B) 14 of the Act to
determine whether the proposed rule
change should be approved or
disapproved.
IV. Solicitation of Comments
Interested persons are invited to
submit written data, views, and
arguments concerning the foregoing,
including whether the proposal 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 No. SR–
NYSEArca–2016–95 on the subject line.
Paper Comments
• Send paper comments in triplicate
to Secretary, Securities and Exchange
Commission, 100 F Street NE.,
Washington, DC 20549–1090.
All submissions should refer to File No.
SR–NYSEArca–2016–95. 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
14 15
Jkt 238001
PO 00000
U.S.C. 78s(b)(2)(B).
Frm 00143
Fmt 4703
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 No. SR–NYSEArca–
2016–95, and should be submitted on or
before August 4, 2016.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.15
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2016–16602 Filed 7–13–16; 8:45 am]
BILLING CODE 8011–01–P
SMALL BUSINESS ADMINISTRATION
Boathouse Capital II, LP, License No.
03/03–0264; Notice Seeking Exemption
Under Section 312 of the Small
Business Investment Act, Conflicts of
Interest
Notice is hereby given that Boathouse
Capital II, L.P., 353 West Lancaster
Avenue, Suite 200, Wayne, PA 19087, a
Federal Licensee under the Small
Business Investment Act of 1958, as
amended (‘‘the Act’’), in connection
with the financing of CalNet Technology
Group, Inc., 420 3rd Ave NW., Hickory,
NC 28601, has sought an exemption
under Section 312 of the Act and 13
CFR 107.730 financings which
constitute conflicts of interest of the
Small Business Administration (‘‘SBA’’)
Rules and Regulations. Boathouse
Capital II, LP proposes to provide debt
financing to CalNet Technology Group,
Inc., owned by Boathouse Capital, LP,
an associate as defined in Sec. 105.50 of
the regulations. Therefore this
transaction is considered a conflict of
interest requiring SBA’s prior written
exemption.
Notice is hereby given that any
interested person may submit written
comments on the transaction, within
fifteen days of the date of this
publication, to the Associate
Administrator for Investment, U.S.
Small Business Administration, 409
Third Street SW., Washington, DC
20416.
Mark Walsh,
Associate Administrator for Office of
Investment and Innovation.
[FR Doc. 2016–16701 Filed 7–13–16; 8:45 am]
BILLING CODE 8025–01–P
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Agencies
[Federal Register Volume 81, Number 135 (Thursday, July 14, 2016)]
[Notices]
[Page 45591]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-16701]
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SMALL BUSINESS ADMINISTRATION
Boathouse Capital II, LP, License No. 03/03-0264; Notice Seeking
Exemption Under Section 312 of the Small Business Investment Act,
Conflicts of Interest
Notice is hereby given that Boathouse Capital II, L.P., 353 West
Lancaster Avenue, Suite 200, Wayne, PA 19087, a Federal Licensee under
the Small Business Investment Act of 1958, as amended (``the Act''), in
connection with the financing of CalNet Technology Group, Inc., 420 3rd
Ave NW., Hickory, NC 28601, has sought an exemption under Section 312
of the Act and 13 CFR 107.730 financings which constitute conflicts of
interest of the Small Business Administration (``SBA'') Rules and
Regulations. Boathouse Capital II, LP proposes to provide debt
financing to CalNet Technology Group, Inc., owned by Boathouse Capital,
LP, an associate as defined in Sec. 105.50 of the regulations.
Therefore this transaction is considered a conflict of interest
requiring SBA's prior written exemption.
Notice is hereby given that any interested person may submit
written comments on the transaction, within fifteen days of the date of
this publication, to the Associate Administrator for Investment, U.S.
Small Business Administration, 409 Third Street SW., Washington, DC
20416.
Mark Walsh,
Associate Administrator for Office of Investment and Innovation.
[FR Doc. 2016-16701 Filed 7-13-16; 8:45 am]
BILLING CODE 8025-01-P