Self-Regulatory Organizations; Bats EDGX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to EDGX Rule 13.4(a), Stating It Will Utilize IEX Market Data From the CQS/UQDF for Purposes of Order Handling, Routing, and Related Compliance Processes, 46974-46975 [2016-16975]
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46974
Federal Register / Vol. 81, No. 138 / Tuesday, July 19, 2016 / Notices
the regulation specifies which initial
determinations are subject to
reconsideration. Subpart C prescribes
rules on who may request
reconsideration, when to make such a
request, where to submit it, form and
content of reconsideration requests, and
other matters relating to
reconsiderations.
Any person aggrieved by an initial
determination of PBGC under
§ 4003.1(b)(1) (determinations that a
plan is covered by section 4021 of
ERISA), § 4003.1(b)(2) (determinations
concerning premiums, interest, and late
payment penalties under section 4007 of
ERISA), § 4003.1(b)(3) (determinations
concerning voluntary terminations),
§ 4003.1(b)(4) (determinations
concerning allocation of assets under
section 4044 of ERISA), or § 4003.1(b)(5)
(determinations with respect to
penalties under section 4071 of ERISA)
may request reconsideration of the
initial determination. Requests for
reconsideration must be in writing, be
clearly designated as requests for
reconsideration, contain a statement of
the grounds for reconsideration and the
relief sought, and contain or reference
all pertinent information.
OMB has approved the
reconsiderations collection of
information under control number
1212–0063 through July 31, 2016. PBGC
is requesting that OMB extend approval
without change of this collection of
information for three years. An agency
may not conduct or sponsor, and a
person is not required to respond to, a
collection of information unless it
displays a currently valid OMB control
number.
PBGC estimates that an average of
about 226 appellants per year will
respond to this collection of
information. PBGC further estimates
that the average annual burden of this
collection of information is about onehalf hour and about $626 per person,
with an average total annual burden of
about 112 hours and about $141,400.
ACTION:
Notice.
The Postal Service gives
notice of filing a request with the Postal
Regulatory Commission to add Inbound
Market Dominant Registered Service
Agreement to the Market Dominant
Product List.
DATES: Effective date: July 19, 2016.
FOR FURTHER INFORMATION CONTACT:
Christopher C. Meyerson, (202) 268–
7820.
SUMMARY:
The
United States Postal Service® hereby
gives notice that, pursuant to 39 U.S.C.
3642, on July 13, 2016, it filed with the
Postal Regulatory Commission a Request
of United States Postal Service to add
Inbound Market Dominant Registered
Service Agreement to the Market
Dominant Product List. Documents are
available at www.prc.gov, Docket Nos.
MC2016–168 and R2016–6.
SUPPLEMENTARY INFORMATION:
Stanley F. Mires,
Attorney, Federal Compliance.
[FR Doc. 2016–16986 Filed 7–18–16; 8:45 am]
BILLING CODE 7710–12–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–78313; File No. SR–
BatsEDGX–2016–30]
Self-Regulatory Organizations; Bats
EDGX Exchange, Inc.; Notice of Filing
and Immediate Effectiveness of a
Proposed Rule Change to EDGX Rule
13.4(a), Stating It Will Utilize IEX Market
Data From the CQS/UQDF for
Purposes of Order Handling, Routing,
and Related Compliance Processes
July 13, 2016.
BILLING CODE 7709–02–P
Pursuant to Section 19(b)(1) of the
Securities Exchange Act of 1934 (the
‘‘Act’’),1 and Rule 19b–4 thereunder,2
notice is hereby given that on July 5,
2016, Bats EDGX Exchange, Inc. (the
‘‘Exchange’’ or ‘‘EDGX’’) filed with the
Securities and Exchange Commission
(‘‘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.
POSTAL SERVICE
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
Issued in Washington, DC, this 13th day of
July 2016.
Judith Starr,
General Counsel, Pension Benefit Guaranty
Corporation.
mstockstill on DSK3G9T082PROD with NOTICES
[FR Doc. 2016–16950 Filed 7–18–16; 8:45 am]
International Product Change—
Inbound Market Dominant Registered
Service Agreement
AGENCY:
The Exchange filed a proposal to
update Rule 13.4(a) regarding the public
Postal ServiceTM.
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19:39 Jul 18, 2016
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2 17
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U.S.C. 78s(b)(1).
CFR 240.19b–4.
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disclosure of the sources of data that the
Exchange utilizes when performing: (i)
Order handling; (ii) order routing; and
(iii) related compliance processes to
reflect the operation of the Investors
Exchange LLC (‘‘IEX’’) as a registered
national securities exchange 3 beginning
on August 19, 2016.4
The text of the proposed rule change
is available at the Exchange’s Web site
at www.batstrading.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 parts of such
statements.
A. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
1. Purpose
On June 17, 2016, the Commission
approved IEX’s application to register as
a national securities exchange.5 As part
of its transition to exchange status, IEX
announced that it will commence a
symbol-by-symbol roll-out on August
19, 2016, concluding on September 2,
2016.6 The Exchange, therefore,
proposes to update Rule 13.4(a)
regarding the public disclosure of the
sources of data that the Exchange
utilizes when performing: (i) Order
handling; (ii) order routing; and (iii)
related compliance processes to reflect
the operation of IEX’’ [sic] as a
registered national securities exchange
beginning on August 19, 2016.
Specifically, the Exchange proposes to
amend Rule 13.4(a) to include IEX by
stating it will utilize IEX market data
from the CQS/UQDF for purposes of
3 See Securities Exchange Act Release No. 78101
(June 17, 2016), 81 FR 41141 (June 23, 2016) (‘‘IEX
Approval Order’’).
4 See Letter from Brad Katsuyama, CEO, IEX, to
IEX’s Sell-Side and Buy-Side Partners, dated June
17, 2016 (https://www.iextrading.com/) (stating that
IEX will commence a symbol-by-symbol roll-out on
August 19, 2016, concluding on September 2, 2016).
5 See supra note 3.
6 See supra note 4.
E:\FR\FM\19JYN1.SGM
19JYN1
Federal Register / Vol. 81, No. 138 / Tuesday, July 19, 2016 / Notices
order handling, routing, and related
compliance processes.
2. Statutory Basis
The Exchange believes that the
proposed rule change is consistent with
Section 6(b) of the Act,7 in general, and
furthers the objectives of Section 6(b)(5)
of the Act,8 in particular, in that it is
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.
The Exchange believes that its
proposal to update Exchange Rule
13.4(a) to include IEX will ensure that
the rule correctly identifies and publicly
states on a market-by-market basis all of
the specific network processor and
proprietary data feeds that the Exchange
utilizes for the handling, routing, and
execution of orders, and for performing
the regulatory compliance checks
related to each of those functions. The
proposed rule change also removes
impediments to and perfects the
mechanism of a free and open market
and protects investors and the public
interest because it provides additional
specificity, clarity and transparency.
B. Self-Regulatory Organization’s
Statement on Burden on Competition
The Exchange believes its proposed
rule change would not impose any
burden on competition that is not
necessary or appropriate in furtherance
of the purposes of the Act. To the
contrary, the Exchange believes the
proposal would enhance competition
because including all of the exchanges
enhances transparency and enables
investors to better assess the quality of
the Exchange’s execution and routing
services.
mstockstill on DSK3G9T082PROD with NOTICES
C. Self-Regulatory Organization’s
Statement on Comments on the
Proposed Rule Change Received From
Members, Participants or Others
The Exchange has not solicited, and
does not intend to solicit, comments on
this proposed rule change. The
Exchange has not received any
unsolicited written comments from
Members or other interested parties.
III. Date of Effectiveness of the
Proposed Rule Change and Timing for
Commission Action
Because the foregoing proposed rule
change does not: (A) Significantly affect
the protection of investors or the public
interest; (B) impose any significant
burden on competition; and (C) by its
terms, become operative for 30 days
from the date on which it was filed or
such shorter time as the Commission
may designate it has become effective
pursuant to Section 19(b)(3)(A) of the
Act 9 and paragraph (f)(6) of Rule 19b–
4 thereunder,10 the Exchange has
designated this rule filing as noncontroversial. The Exchange has given
the Commission written notice of its
intent to file the proposed rule change,
along with a brief description and text
of the proposed rule change at least five
business days prior to the date of filing
of the proposed rule change, or such
shorter time as designated by the
Commission.
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: (1) Necessary or appropriate in
the public interest; (2) for the protection
of investors; or (3) 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.
IV. Solicitation of Comments
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–
BatsEDGX–2016–30 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
Number SR–BatsEDGX–2016–30. 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 such
filing will also 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 SRBatsEDGX–2016–30 and should be
submitted on or before August 9, 2016.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.11
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2016–16975 Filed 7–18–16; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–78316; File No. SR–CBOE–
2016–056]
Self-Regulatory Organizations;
Chicago Board Options Exchange,
Incorporated; Notice of Filing and
Immediate Effectiveness of a Proposed
Rule Change Related to the Automated
Improvement Mechanism
July 13, 2016.
Pursuant to Section 19(b)(1) of the
Securities Exchange Act of 1934 (the
‘‘Act’’),1 and Rule 19b–4 thereunder,2
notice is hereby given that on July 13,
2016, Chicago Board Options Exchange,
Incorporated (the ‘‘Exchange’’ or
‘‘CBOE’’) filed with the Securities and
Exchange Commission (the
‘‘Commission’’) the proposed rule
11 17
7 15
U.S.C. 78f.
8 15 U.S.C. 78f(b)(5).
VerDate Sep<11>2014
19:39 Jul 18, 2016
CFR 200.30–3(a)(12).
U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
9 15
U.S.C. 78s(b)(3)(A).
10 17 CFR 240.19b–4.
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46975
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19JYN1
]]>Agencies
[Federal Register Volume 81, Number 138 (Tuesday, July 19, 2016)]
[Notices]
[Pages 46974-46975]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-16975]
=======================================================================
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-78313; File No. SR-BatsEDGX-2016-30]
Self-Regulatory Organizations; Bats EDGX Exchange, Inc.; Notice
of Filing and Immediate Effectiveness of a Proposed Rule Change to EDGX
Rule 13.4(a), Stating It Will Utilize IEX Market Data From the CQS/UQDF
for Purposes of Order Handling, Routing, and Related Compliance
Processes
July 13, 2016.
Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934
(the ``Act''),\1\ and Rule 19b-4 thereunder,\2\ notice is hereby given
that on July 5, 2016, Bats EDGX Exchange, Inc. (the ``Exchange'' or
``EDGX'') filed with the Securities and Exchange Commission
(``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.
---------------------------------------------------------------------------
\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
---------------------------------------------------------------------------
I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change
The Exchange filed a proposal to update Rule 13.4(a) regarding the
public disclosure of the sources of data that the Exchange utilizes
when performing: (i) Order handling; (ii) order routing; and (iii)
related compliance processes to reflect the operation of the Investors
Exchange LLC (``IEX'') as a registered national securities exchange \3\
beginning on August 19, 2016.\4\
---------------------------------------------------------------------------
\3\ See Securities Exchange Act Release No. 78101 (June 17,
2016), 81 FR 41141 (June 23, 2016) (``IEX Approval Order'').
\4\ See Letter from Brad Katsuyama, CEO, IEX, to IEX's Sell-Side
and Buy-Side Partners, dated June 17, 2016 (https://www.iextrading.com/) (stating that IEX will commence a symbol-by-
symbol roll-out on August 19, 2016, concluding on September 2,
2016).
---------------------------------------------------------------------------
The text of the proposed rule change is available at the Exchange's
Web site at www.batstrading.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 parts of such
statements.
A. Self-Regulatory Organization's Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule Change
1. Purpose
On June 17, 2016, the Commission approved IEX's application to
register as a national securities exchange.\5\ As part of its
transition to exchange status, IEX announced that it will commence a
symbol-by-symbol roll-out on August 19, 2016, concluding on September
2, 2016.\6\ The Exchange, therefore, proposes to update Rule 13.4(a)
regarding the public disclosure of the sources of data that the
Exchange utilizes when performing: (i) Order handling; (ii) order
routing; and (iii) related compliance processes to reflect the
operation of IEX'' [sic] as a registered national securities exchange
beginning on August 19, 2016. Specifically, the Exchange proposes to
amend Rule 13.4(a) to include IEX by stating it will utilize IEX market
data from the CQS/UQDF for purposes of
[[Page 46975]]
order handling, routing, and related compliance processes.
---------------------------------------------------------------------------
\5\ See supra note 3.
\6\ See supra note 4.
---------------------------------------------------------------------------
2. Statutory Basis
The Exchange believes that the proposed rule change is consistent
with Section 6(b) of the Act,\7\ in general, and furthers the
objectives of Section 6(b)(5) of the Act,\8\ in particular, in that it
is 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.
---------------------------------------------------------------------------
\7\ 15 U.S.C. 78f.
\8\ 15 U.S.C. 78f(b)(5).
---------------------------------------------------------------------------
The Exchange believes that its proposal to update Exchange Rule
13.4(a) to include IEX will ensure that the rule correctly identifies
and publicly states on a market-by-market basis all of the specific
network processor and proprietary data feeds that the Exchange utilizes
for the handling, routing, and execution of orders, and for performing
the regulatory compliance checks related to each of those functions.
The proposed rule change also removes impediments to and perfects the
mechanism of a free and open market and protects investors and the
public interest because it provides additional specificity, clarity and
transparency.
B. Self-Regulatory Organization's Statement on Burden on Competition
The Exchange believes its proposed rule change would not impose any
burden on competition that is not necessary or appropriate in
furtherance of the purposes of the Act. To the contrary, the Exchange
believes the proposal would enhance competition because including all
of the exchanges enhances transparency and enables investors to better
assess the quality of the Exchange's execution and routing services.
C. Self-Regulatory Organization's Statement on Comments on the Proposed
Rule Change Received From Members, Participants or Others
The Exchange has not solicited, and does not intend to solicit,
comments on this proposed rule change. The Exchange has not received
any unsolicited written comments from Members or other interested
parties.
III. Date of Effectiveness of the Proposed Rule Change and Timing for
Commission Action
Because the foregoing proposed rule change does not: (A)
Significantly affect the protection of investors or the public
interest; (B) impose any significant burden on competition; and (C) by
its terms, become operative for 30 days from the date on which it was
filed or such shorter time as the Commission may designate it has
become effective pursuant to Section 19(b)(3)(A) of the Act \9\ and
paragraph (f)(6) of Rule 19b-4 thereunder,\10\ the Exchange has
designated this rule filing as non-controversial. The Exchange has
given the Commission written notice of its intent to file the proposed
rule change, along with a brief description and text of the proposed
rule change at least five business days prior to the date of filing of
the proposed rule change, or such shorter time as designated by the
Commission.
---------------------------------------------------------------------------
\9\ 15 U.S.C. 78s(b)(3)(A).
\10\ 17 CFR 240.19b-4.
---------------------------------------------------------------------------
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: (1)
Necessary or appropriate in the public interest; (2) for the protection
of investors; or (3) 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.
IV. Solicitation of Comments
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-BatsEDGX-2016-30 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 Number SR-BatsEDGX-2016-30. 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 such filing will also 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-BatsEDGX-2016-30 and should
be submitted on or before August 9, 2016.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\11\
---------------------------------------------------------------------------
\11\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2016-16975 Filed 7-18-16; 8:45 am]
BILLING CODE 8011-01-P
