Surrender of License of Small Business Investment Company, 6665 [2018-03089]
Download as PDF
<![CDATA[
Federal Register / Vol. 83, No. 31 / Wednesday, February 14, 2018 / Notices
it would be charged to all Members on
all their transactions that clear as
customer transactions at the OCC. The
Exchange believes that decreasing the
ORF is reasonable because the
Exchange’s collection of ORF needs to
be balanced against the amount of
regulatory revenue collected by the
Exchange. The Exchange believes that
the proposed adjustment noted herein
will serve to continue to balance the
Exchange’s regulatory revenue against
its anticipated regulatory costs.
The Exchange has designed the ORF
to generate revenues that, when
combined with all of the Exchange’s
other regulatory fees, will be less than
or equal to the Exchange’s regulatory
costs, which is consistent with the
Commission’s view that regulatory fees
be used for regulatory purposes and not
to support the Exchange’s business side.
In this regard, the Exchange believes
that the decreased level of the fee is
reasonable and appropriate.
daltland on DSKBBV9HB2PROD with NOTICES
B. Self-Regulatory Organization’s
Statement on Burden on Competition
The Exchange does not believe that
the proposed rule change will impose
any burden on competition not
necessary or appropriate in furtherance
of the purposes of the Act. The ORF is
not intended to have any impact on
competition. Rather, it is designed to
enable the Exchange to recover a
material portion of the Exchange’s cost
related to its regulatory activities. The
Exchange is obligated to ensure that the
amount of regulatory revenue collected
from the ORF, in combination with its
other regulatory fees and fines, does not
exceed regulatory costs.
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. 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
decreased ORF continues to also be
comparable to ORFs charged by other
options exchanges.
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 written
comments from members or other
interested parties.
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)
of the Act 8 and paragraph (f) of Rule
19b–4 thereunder.9 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 necessary or appropriate in the
public interest, for the protection of
investors, or otherwise in furtherance of
the purposes of the Act.
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 No. SR–
CboeBZX–2018–008 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–CboeBZX–2018–008. 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 website (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
8
9
VerDate Sep<11>2014
22:07 Feb 13, 2018
Jkt 244001
PO 00000
15 U.S.C. 78s(b)(3)(A).
17 CFR 240.19b–4(f).
Frm 00159
Fmt 4703
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 website 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.
Persons submitting comments are
cautioned that we do not redact or edit
personal identifying information from
comment submissions. You should
submit only information that you wish
to make available publicly. All
submissions should refer to File No.
SR–CboeBZX–2018–008, and should be
submitted on or before March 7, 2018.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.10
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018–02975 Filed 2–13–18; 8:45 am]
BILLING CODE 8011–01–P
SMALL BUSINESS ADMINISTRATION
Surrender of License of Small
Business Investment Company
Pursuant to the authority granted to
the United States Small Business
Administration under the Small
Business Investment Act of 1958, as
amended, under Section 309 of the Act
and Section 107.1900 of the Small
Business Administration Rules and
Regulations (13 CFR 107.1900) to
function as a small business investment
company under the Small Business
Investment Company License No. 01/
01–0344 issued to First New England
Capital, LP said license is hereby
declared null and void.
United States Small Business
Administration.
Dated: January 3, 2018.
A. Joseph Shepard,
Associate Administrator, Office of Investment
and Innovation.
[FR Doc. 2018–03089 Filed 2–13–18; 8:45 am]
BILLING CODE P
10
Sfmt 9990
6665
17 CFR 200.30–3(a)(12).
E:\FR\FM\14FEN1.SGM
14FEN1
]]>Agencies
[Federal Register Volume 83, Number 31 (Wednesday, February 14, 2018)]
[Notices]
[Page 6665]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-03089]
=======================================================================
-----------------------------------------------------------------------
SMALL BUSINESS ADMINISTRATION
Surrender of License of Small Business Investment Company
Pursuant to the authority granted to the United States Small
Business Administration under the Small Business Investment Act of
1958, as amended, under Section 309 of the Act and Section 107.1900 of
the Small Business Administration Rules and Regulations (13 CFR
107.1900) to function as a small business investment company under the
Small Business Investment Company License No. 01/01-0344 issued to
First New England Capital, LP said license is hereby declared null and
void.
United States Small Business Administration.
Dated: January 3, 2018.
A. Joseph Shepard,
Associate Administrator, Office of Investment and Innovation.
[FR Doc. 2018-03089 Filed 2-13-18; 8:45 am]
BILLING CODE P
