Self-Regulatory Organizations; Cboe C2 Exchange, Inc.; Order Approving a Proposed Rule Change To Provide for the Trading of Complex Reserve Orders, 7159-7160 [2019-03632]
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Federal Register / Vol. 84, No. 41 / Friday, March 1, 2019 / Notices
submissions should refer to File
Number SR–NYSE–2019–06 and should
be submitted on or before March 22,
2019.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.26
Eduardo A. Aleman,
Deputy Secretary.
[FR Doc. 2019–03624 Filed 2–28–19; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–85191; File No. SR–C2–
2018–022]
Self-Regulatory Organizations; Cboe
C2 Exchange, Inc.; Order Approving a
Proposed Rule Change To Provide for
the Trading of Complex Reserve
Orders
February 25, 2019.
I. Introduction
On November 8, 2018, Cboe C2
Exchange, Inc. (‘‘C2’’ or ‘‘Exchange’’)
filed with the Securities and Exchange
Commission (‘‘Commission’’), pursuant
to Section 19(b)(1) of the Securities
Exchange Act of 1934 (‘‘Act’’) 1 and Rule
19b–4 thereunder,2 a proposed rule
change to provide for the trading of
Complex Reserve Orders. The proposed
rule change was published for comment
in the Federal Register on November 27,
2018.3 On December 19, 2018, the
Commission designated a longer period
within which to approve the proposed
rule change, disapprove the proposed
rule change, or institute proceedings to
determine whether to approve or
disapprove the proposed rule change.4
The Commission has received no
comment letters regarding the proposed
rule change. This order approves the
proposed rule change.
26 17
CFR 200.30–3(a)(12).
U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
3 See Securities Exchange Act Release No. 84643
(November 21, 2018), 83 FR 60916 (‘‘Notice’’). In
addition to the changes described herein, the
proposal makes non-substantive changes to revise
the heading of C2 Rule 6.13(g) and to add headings
to C2 Rule 6.13(h)(1) and (2). See id. at nn. 10 and
13.
4 See Securities Exchange Act Release No. 84867,
83 FR 66811 (December 27, 2018). The Commission
designated February 25, 2019, as the date by which
the Commission shall approve the proposed rule
change, disapprove the proposed rule change, or
institute proceedings to determine whether to
approve or disapprove the proposed rule change.
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II. Description of the Proposed Rule
Change
As described more fully in the
Notice,5 C2 proposes to amend its rules
to provide for the trading of Complex
Reserve Orders. C2 notes that it
currently offers Reserve Order
functionality for simple orders.6 C2
states that Reserve Orders provide Users
with additional flexibility to manage
and display their orders and additional
control over their executions on C2.7
A Complex Reserve Order is a
complex limit order with both a portion
of the quantity displayed (‘‘Display
Quantity’’) and a reserve portion of the
quantity (‘‘Reserve Quantity’’) not
displayed.8 Both the Display Quantity
and Reserve Quantity of the Complex
Reserve Order are available for potential
execution pursuant to C2 Rules 6.13(c)–
(e).9 Displayed complex orders resting
on the Complex Order Book (‘‘COB’’)
have priority over non-displayed
portions of Complex Reserve Orders
resting on the COB.10 When entering a
Complex Reserve Order, a User must
instruct the Exchange as to the quantity
of the Complex Reserve Order to be
initially displayed by C2’s System
(‘‘Max Floor’’).11 If the Display Quantity
of a Complex Reserve Order is fully
executed, the System will replenish the
display quantity in accordance with the
User’s instruction.12 If the remainder of
a Complex Reserve Order is less than
the replenishment amount, the System
will display the entire remainder of the
5 See
note 3, supra.
Notice, 83 FR at 60917, and C2 Rule 6.10.
7 See Notice, 83 FR at 60917–8.
8 See proposed C2 Rule 6.13(b)(6).
9 See id. Pursuant to C2 Rules 6.13(c)–(e),
complex orders (including the Display and Reserve
Quantities of Complex Reserve Orders) may execute
during the Complex Order Book opening process,
against incoming complex orders, against simple
orders in the Simple Book (via Legging), or
following a Complex Order Auction. Complex
Reserve Orders will be COA-eligible, subject to a
User’s instructions. See Notice, 83 FR at n.5.
10 See proposed C2 Rule 6.13(h)(4). The COB is
the Exchange’s electronic book of complex orders.
See C2 Rule 6.13
11 See proposed C2 Rule 6.13(b)(6). The System is
the automated trading system the Exchange uses for
the trading of option contracts. See C2 Rule 100.
12 The proposed rule provides two replenishment
instructions. Under the Random Replenishment
instruction, the System randomly replenishes the
Display Quantity for the Complex Reserve Order
with a number of contracts not outside a
replenishment range, which equals the Max Floor
plus and minus a replenishment value established
by the User when entering a Complex Reserve
Order with a Random Replenishment instruction.
For any Complex Reserve Order for which a User
does not select Random Replenishment, the System
will replenish the Display Quantity of the Complex
Reserve Order with the number of contracts equal
to the Max Floor (or the entire remainder of the
Complex Reserve Order if it is less than the
replenishment amount). See proposed C2 Rule
6.13(b)(6).
6 See
PO 00000
Frm 00144
Fmt 4703
Sfmt 4703
7159
Complex Reserve Order.13 The System
creates a new timestamp for both the
Display Quantity and Reserve Quantity
of the Complex Reserve Order each time
it is replenished from reserve.14
The proposal addresses the
participation of Complex Reserve
Orders in the Complex Order Auction
(‘‘COA’’). If a COA-eligible order is a
Complex Reserve Order, the COA
auction message will identify only the
Display Quantity, although the entire
quantity of the order (both the Display
Quantity and Reserve Quantity) may
execute following the COA pursuant to
C2 Rule 6.13(d)(5).15 COA Responses
may be larger than the COA-eligible
order.16 The System caps the size of
aggregated COA Responses for an
Executing Firm ID (‘‘EFID’’) at the size
of the COA-eligible order (including
Display Quantity and Reserve Quantity)
if the COA-eligible order is a Complex
Reserve Order).17 At the conclusion of
the COA, the System executes the COAeligible order against contra side interest
in price priority.18 At the same price,
the COA-eligible order will execute first
against orders and quotes in the Simple
Book (both displayed and non-displayed
orders) for the individual leg
components of the complex order, and
then against COA Responses and
unrelated orders posted to the COB.19 A
do-not-COA order 20 or an order resting
on the COB that is eligible for execution
will execute against contra side interest
at the same price by trading with orders
and quotes in the Simple Book (both
displayed and non-displayed orders) for
the individual leg components of the
complex order before executing against
complex orders resting on the COB at
that price.21
13 See
id.
id.
15 See proposed C2 Rule 6.13(d)(1). C2 Rule
6.13(b)(2) states that buy (sell) complex orders with
User instructions to (or which default to) initiate a
COA that are priced higher (lower) than the SBB
(SBO) and higher (lower) than the price of complex
orders resting at the top of the COB are ‘‘COAeligible orders,’’ while buy (sell) complex orders
with User instructions not to (or which default to
not) initiate a COA, that are marked Post Only, or
that are priced equal to or lower (higher) than the
SBB (SBO) or equal to or lower (higher) than the
price of complex orders resting at the top of the
COB are ‘‘do-not-COA orders.’’
16 See proposed C2 Rule 6.13(d)(4)(B).
17 See id.
18 See proposed C2 Rule 6.13(d)(5).
19 See proposed C2 Rule 6.13(d)(5)(A). The
Simple Book is the electronic book of simple orders
and quotes maintained by the System. See C2 Rule
100.
20 See note 15, supra.
21 See proposed C2 Rule 6.13(e)(1). The entire
quantity of a Complex Reserve Order (both the
Display Quantity and Reserve Quantity) Legs into
the Simple Book at the same time, and any quantity
14 See
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01MRN1
7160
Federal Register / Vol. 84, No. 41 / Friday, March 1, 2019 / Notices
jbell on DSK30RV082PROD with NOTICES
III. Discussion and Commission
Findings
After careful review, the Commission
finds that the proposed rule change is
consistent with the requirements of the
Act,22 and the rules and regulations
thereunder applicable to a national
securities exchange.23 In particular, the
Commission finds that the proposed
rule change is consistent with Section
6(b)(5) of the Act,24 which requires,
among other things, that the rules of a
national securities exchange be
designed 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, and
that the rules are not designed to permit
unfair discrimination between
customers, issuers, brokers, or dealers.
The Commission believes that
Complex Reserve Orders could provide
market participants with greater
flexibility and control over the trading
of their complex orders and could allow
them to provide additional liquidity to
the market. The Commission notes that
C2 currently offers Reserve Order
functionality for simple orders.25 Under
the proposal, displayed complex orders
resting on the COB will have priority
over the non-displayed portions of
Complex Reserve Orders resting on the
COB.26 As described above, the
proposal further provides that complex
orders will execute against displayed
and non-displayed leg market interest
before executing against complex order
interest at the same price.27 The
Commission notes that complex orders
on C2 currently execute against leg
market interest (displayed first and then
non-displayed) before executing against
complex order interest.28 While
displayed interest ordinarily executes
before non-displayed interest at the
same price to encourage market
participants to submit displayed
interest, the Commission believes that
executing non-displayed leg market
interest before complex interest at the
same price should facilitate interaction
between the single leg and complex
that does not execute pursuant to C2 Rule 6.13(d)
or (e) after Legging will rest in the COB in
accordance with the Complex Reserve Order
instruction. See proposed C2 Rule 6.13(g)(5).
22 15 U.S.C. 78f.
23 In approving this proposed rule change, the
Commission has considered the proposed rule’s
impact on efficiency, competition, and capital
formation. See 15 U.S.C. 78c(f).
24 15 U.S.C. 78f(b)(5).
25 See note 6, supra.
26 See proposed C2 Rule 6.13(h)(4).
27 See proposed C2 Rules 6.13(d)(5)(A)(i) and
(e)(1) and notes 19–21, supra, and accompanying
text.
28 See C2 Rules 6.13(d)(5)(A) and (e).
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markets and provide all single leg
interest at a given price, displayed and
non-displayed, with an opportunity to
participate in executions with complex
orders.
IV. Conclusion
It is therefore ordered, pursuant to
Section 19(b)(2) of the Act,29 that the
proposed rule change (SR–C2–2018–
022) is approved.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.30
Eduardo A. Aleman,
Deputy Secretary.
[FR Doc. 2019–03632 Filed 2–28–19; 8:45 am]
BILLING CODE 8011–01–P
SMALL BUSINESS ADMINISTRATION
[Disaster Declaration #15874 and #15875;
Mississippi Disaster Number MS–00109]
Presidential Declaration of a Major
Disaster for Public Assistance Only for
the State of Mississippi
U.S. Small Business
Administration.
ACTION: Notice.
AGENCY:
30 17
PO 00000
U.S.C. 78s(b)(2).
CFR 200.30–3(a)(12).
Frm 00145
Fmt 4703
Sfmt 4703
Percent
For Physical Damage:
Non-Profit Organizations With
Credit Available Elsewhere ...
Non-Profit Organizations Without Credit Available Elsewhere .....................................
For Economic Injury:
Non-Profit Organizations Without Credit Available Elsewhere .....................................
2.750
2.750
2.750
The number assigned to this disaster
for physical damage is 158746 and for
economic injury is 158750.
(Catalog of Federal Domestic Assistance
Number 59008)
James Rivera,
Associate Administrator for Disaster
Assistance.
[FR Doc. 2019–03648 Filed 2–28–19; 8:45 am]
BILLING CODE 8025–01–P
SUMMARY: This is a Notice of the
Presidential declaration of a major
disaster for Public Assistance Only for
the State of Mississippi (FEMA–4415–
DR), dated 02/14/2019.
Incident: Severe Storms, Flooding,
and Tornado.
Incident Period: 12/27/2018 through
12/28/2018.
DATES: Issued on 02/14/2019.
Physical Loan Application Deadline
Date: 04/15/2019.
Economic Injury (EIDL) Loan
Application Deadline Date: 11/14/2019.
ADDRESSES: Submit completed loan
applications to: U.S. Small Business
Administration, Processing and
Disbursement Center, 14925 Kingsport
Road, Fort Worth, TX 76155.
FOR FURTHER INFORMATION CONTACT: A.
Escobar, Office of Disaster Assistance,
U.S. Small Business Administration,
409 3rd Street SW, Suite 6050,
Washington, DC 20416, (202) 205–6734.
SUPPLEMENTARY INFORMATION: Notice is
hereby given that as a result of the
President’s major disaster declaration on
02/14/2019, Private Non-Profit
organizations that provide essential
services of a governmental nature may
file disaster loan applications at the
address listed above or other locally
announced locations.
29 15
The following areas have been
determined to be adversely affected by
the disaster:
Primary Counties: Clarke, Covington,
Forrest, Greene, Jasper, Jones, Marion,
Newton, Perry, Wayne.
The Interest Rates are:
DEPARTMENT OF STATE
[Public Notice: 10689]
Notice of Determinations: Culturally
Significant Objects Imported for
Exhibition—Determinations: ‘‘Early
Rubens’’ Exhibition
SUMMARY: Notice is hereby given of the
following determinations: I hereby
determine that certain objects to be
included in the exhibition ‘‘Early
Rubens,’’ imported from abroad for
temporary exhibition within the United
States, are of cultural significance. The
objects are imported pursuant to loan
agreements with the foreign owners or
custodians. I also determine that the
exhibition or display of the exhibit
objects at the Fine Arts Museums of San
Francisco, Legion of Honor Museum,
San Francisco, California, from on or
about April 6, 2019, until on or about
September 8, 2019, and at possible
additional exhibitions or venues yet to
be determined, is in the national
interest. I have ordered that Public
Notice of these determinations be
published in the Federal Register.
FOR FURTHER INFORMATION CONTACT:
Elliot Chiu, Attorney-Adviser, Office of
the Legal Adviser, U.S. Department of
State (telephone: 202–632–6471; email:
section2459@state.gov). The mailing
address is U.S. Department of State,
E:\FR\FM\01MRN1.SGM
01MRN1
]]>Agencies
[Federal Register Volume 84, Number 41 (Friday, March 1, 2019)]
[Notices]
[Pages 7159-7160]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-03632]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-85191; File No. SR-C2-2018-022]
Self-Regulatory Organizations; Cboe C2 Exchange, Inc.; Order
Approving a Proposed Rule Change To Provide for the Trading of Complex
Reserve Orders
February 25, 2019.
I. Introduction
On November 8, 2018, Cboe C2 Exchange, Inc. (``C2'' or
``Exchange'') filed with the Securities and Exchange Commission
(``Commission''), pursuant to Section 19(b)(1) of the Securities
Exchange Act of 1934 (``Act'') \1\ and Rule 19b-4 thereunder,\2\ a
proposed rule change to provide for the trading of Complex Reserve
Orders. The proposed rule change was published for comment in the
Federal Register on November 27, 2018.\3\ On December 19, 2018, the
Commission designated a longer period within which to approve the
proposed rule change, disapprove the proposed rule change, or institute
proceedings to determine whether to approve or disapprove the proposed
rule change.\4\ The Commission has received no comment letters
regarding the proposed rule change. This order approves the proposed
rule change.
---------------------------------------------------------------------------
\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
\3\ See Securities Exchange Act Release No. 84643 (November 21,
2018), 83 FR 60916 (``Notice''). In addition to the changes
described herein, the proposal makes non-substantive changes to
revise the heading of C2 Rule 6.13(g) and to add headings to C2 Rule
6.13(h)(1) and (2). See id. at nn. 10 and 13.
\4\ See Securities Exchange Act Release No. 84867, 83 FR 66811
(December 27, 2018). The Commission designated February 25, 2019, as
the date by which the Commission shall approve the proposed rule
change, disapprove the proposed rule change, or institute
proceedings to determine whether to approve or disapprove the
proposed rule change.
---------------------------------------------------------------------------
II. Description of the Proposed Rule Change
As described more fully in the Notice,\5\ C2 proposes to amend its
rules to provide for the trading of Complex Reserve Orders. C2 notes
that it currently offers Reserve Order functionality for simple
orders.\6\ C2 states that Reserve Orders provide Users with additional
flexibility to manage and display their orders and additional control
over their executions on C2.\7\
---------------------------------------------------------------------------
\5\ See note 3, supra.
\6\ See Notice, 83 FR at 60917, and C2 Rule 6.10.
\7\ See Notice, 83 FR at 60917-8.
---------------------------------------------------------------------------
A Complex Reserve Order is a complex limit order with both a
portion of the quantity displayed (``Display Quantity'') and a reserve
portion of the quantity (``Reserve Quantity'') not displayed.\8\ Both
the Display Quantity and Reserve Quantity of the Complex Reserve Order
are available for potential execution pursuant to C2 Rules 6.13(c)-
(e).\9\ Displayed complex orders resting on the Complex Order Book
(``COB'') have priority over non-displayed portions of Complex Reserve
Orders resting on the COB.\10\ When entering a Complex Reserve Order, a
User must instruct the Exchange as to the quantity of the Complex
Reserve Order to be initially displayed by C2's System (``Max
Floor'').\11\ If the Display Quantity of a Complex Reserve Order is
fully executed, the System will replenish the display quantity in
accordance with the User's instruction.\12\ If the remainder of a
Complex Reserve Order is less than the replenishment amount, the System
will display the entire remainder of the Complex Reserve Order.\13\ The
System creates a new timestamp for both the Display Quantity and
Reserve Quantity of the Complex Reserve Order each time it is
replenished from reserve.\14\
---------------------------------------------------------------------------
\8\ See proposed C2 Rule 6.13(b)(6).
\9\ See id. Pursuant to C2 Rules 6.13(c)-(e), complex orders
(including the Display and Reserve Quantities of Complex Reserve
Orders) may execute during the Complex Order Book opening process,
against incoming complex orders, against simple orders in the Simple
Book (via Legging), or following a Complex Order Auction. Complex
Reserve Orders will be COA-eligible, subject to a User's
instructions. See Notice, 83 FR at n.5.
\10\ See proposed C2 Rule 6.13(h)(4). The COB is the Exchange's
electronic book of complex orders. See C2 Rule 6.13
\11\ See proposed C2 Rule 6.13(b)(6). The System is the
automated trading system the Exchange uses for the trading of option
contracts. See C2 Rule 100.
\12\ The proposed rule provides two replenishment instructions.
Under the Random Replenishment instruction, the System randomly
replenishes the Display Quantity for the Complex Reserve Order with
a number of contracts not outside a replenishment range, which
equals the Max Floor plus and minus a replenishment value
established by the User when entering a Complex Reserve Order with a
Random Replenishment instruction. For any Complex Reserve Order for
which a User does not select Random Replenishment, the System will
replenish the Display Quantity of the Complex Reserve Order with the
number of contracts equal to the Max Floor (or the entire remainder
of the Complex Reserve Order if it is less than the replenishment
amount). See proposed C2 Rule 6.13(b)(6).
\13\ See id.
\14\ See id.
---------------------------------------------------------------------------
The proposal addresses the participation of Complex Reserve Orders
in the Complex Order Auction (``COA''). If a COA-eligible order is a
Complex Reserve Order, the COA auction message will identify only the
Display Quantity, although the entire quantity of the order (both the
Display Quantity and Reserve Quantity) may execute following the COA
pursuant to C2 Rule 6.13(d)(5).\15\ COA Responses may be larger than
the COA-eligible order.\16\ The System caps the size of aggregated COA
Responses for an Executing Firm ID (``EFID'') at the size of the COA-
eligible order (including Display Quantity and Reserve Quantity) if the
COA-eligible order is a Complex Reserve Order).\17\ At the conclusion
of the COA, the System executes the COA-eligible order against contra
side interest in price priority.\18\ At the same price, the COA-
eligible order will execute first against orders and quotes in the
Simple Book (both displayed and non-displayed orders) for the
individual leg components of the complex order, and then against COA
Responses and unrelated orders posted to the COB.\19\ A do-not-COA
order \20\ or an order resting on the COB that is eligible for
execution will execute against contra side interest at the same price
by trading with orders and quotes in the Simple Book (both displayed
and non-displayed orders) for the individual leg components of the
complex order before executing against complex orders resting on the
COB at that price.\21\
---------------------------------------------------------------------------
\15\ See proposed C2 Rule 6.13(d)(1). C2 Rule 6.13(b)(2) states
that buy (sell) complex orders with User instructions to (or which
default to) initiate a COA that are priced higher (lower) than the
SBB (SBO) and higher (lower) than the price of complex orders
resting at the top of the COB are ``COA-eligible orders,'' while buy
(sell) complex orders with User instructions not to (or which
default to not) initiate a COA, that are marked Post Only, or that
are priced equal to or lower (higher) than the SBB (SBO) or equal to
or lower (higher) than the price of complex orders resting at the
top of the COB are ``do-not-COA orders.''
\16\ See proposed C2 Rule 6.13(d)(4)(B).
\17\ See id.
\18\ See proposed C2 Rule 6.13(d)(5).
\19\ See proposed C2 Rule 6.13(d)(5)(A). The Simple Book is the
electronic book of simple orders and quotes maintained by the
System. See C2 Rule 100.
\20\ See note 15, supra.
\21\ See proposed C2 Rule 6.13(e)(1). The entire quantity of a
Complex Reserve Order (both the Display Quantity and Reserve
Quantity) Legs into the Simple Book at the same time, and any
quantity that does not execute pursuant to C2 Rule 6.13(d) or (e)
after Legging will rest in the COB in accordance with the Complex
Reserve Order instruction. See proposed C2 Rule 6.13(g)(5).
---------------------------------------------------------------------------
[[Page 7160]]
III. Discussion and Commission Findings
After careful review, the Commission finds that the proposed rule
change is consistent with the requirements of the Act,\22\ and the
rules and regulations thereunder applicable to a national securities
exchange.\23\ In particular, the Commission finds that the proposed
rule change is consistent with Section 6(b)(5) of the Act,\24\ which
requires, among other things, that the rules of a national securities
exchange be designed 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, and that the
rules are not designed to permit unfair discrimination between
customers, issuers, brokers, or dealers.
---------------------------------------------------------------------------
\22\ 15 U.S.C. 78f.
\23\ In approving this proposed rule change, the Commission has
considered the proposed rule's impact on efficiency, competition,
and capital formation. See 15 U.S.C. 78c(f).
\24\ 15 U.S.C. 78f(b)(5).
---------------------------------------------------------------------------
The Commission believes that Complex Reserve Orders could provide
market participants with greater flexibility and control over the
trading of their complex orders and could allow them to provide
additional liquidity to the market. The Commission notes that C2
currently offers Reserve Order functionality for simple orders.\25\
Under the proposal, displayed complex orders resting on the COB will
have priority over the non-displayed portions of Complex Reserve Orders
resting on the COB.\26\ As described above, the proposal further
provides that complex orders will execute against displayed and non-
displayed leg market interest before executing against complex order
interest at the same price.\27\ The Commission notes that complex
orders on C2 currently execute against leg market interest (displayed
first and then non-displayed) before executing against complex order
interest.\28\ While displayed interest ordinarily executes before non-
displayed interest at the same price to encourage market participants
to submit displayed interest, the Commission believes that executing
non-displayed leg market interest before complex interest at the same
price should facilitate interaction between the single leg and complex
markets and provide all single leg interest at a given price, displayed
and non-displayed, with an opportunity to participate in executions
with complex orders.
---------------------------------------------------------------------------
\25\ See note 6, supra.
\26\ See proposed C2 Rule 6.13(h)(4).
\27\ See proposed C2 Rules 6.13(d)(5)(A)(i) and (e)(1) and notes
19-21, supra, and accompanying text.
\28\ See C2 Rules 6.13(d)(5)(A) and (e).
---------------------------------------------------------------------------
IV. Conclusion
It is therefore ordered, pursuant to Section 19(b)(2) of the
Act,\29\ that the proposed rule change (SR-C2-2018-022) is approved.
---------------------------------------------------------------------------
\29\ 15 U.S.C. 78s(b)(2).
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\30\
---------------------------------------------------------------------------
\30\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------
Eduardo A. Aleman,
Deputy Secretary.
[FR Doc. 2019-03632 Filed 2-28-19; 8:45 am]
BILLING CODE 8011-01-P
