[Federal Register Volume 77, Number 156 (Monday, August 13, 2012)]
[Notices]
[Pages 48180-48181]
[FR Doc No: 2012-19739]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-67606; File No. SR-ISE-2012-69]

Self-Regulatory Organizations; International Securities Exchange,
LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule
Change To Expose Non-Customer Orders Subject to Automatic Rejection to
Its Members for Potential Execution at the NBBO or Better

August 7, 2012.
    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 30, 2012, the International Securities Exchange, LLC (the
``Exchange'' or the ``ISE'') filed with the Securities and Exchange
Commission (``Commission'') the proposed rule change as described in
Items I and II below, which items have been prepared by the self-
regulatory organization. The Commission is publishing this notice to
solicit comments on the proposed rule change from interested persons.
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
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I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change

    The Exchange proposes to provide an opportunity for Non-Customer
orders to be exposed for execution on the Exchange before being
rejected when execution of the order would trade through a better price
on another exchange or placing the order on the book would lock or
cross another market. The text of the proposed rule change is available
on the Exchange's Web site (http://www.ise.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 self-regulatory organization
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 self-regulatory organization
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
Statutory Basis for, the Proposed Rule Change

1. Purpose
    Under the intermarket linkage rules, the ISE cannot execute orders
at a price that is inferior to the national best bid or offer
(``NBBO''), nor can the Exchange place an order on its book that would
cause the ISE best bid or offer to lock or cross another exchange's
quote.\3\ How the Exchange handles orders in these circumstances
depends on whether they are Public Customer Orders (i.e., orders for
the account of a person that is not a broker-dealer) \4\ or Non-
Customer Orders (i.e., orders for the account of a broker-dealer).\5\
Non-Customer Orders are rejected automatically upon receipt, whereas
Public Customer Orders are handled by the Primary Market Maker,\6\
which has the responsibility of either executing the Public Customer
Order at a price that at least matches the NBBO or obtaining better
prices from the away market(s) by sending one or more intermarket sweep
orders (``ISOs'') on the Public Customer's behalf.\7\ Before the
Primary Market Maker sends ISOs to other exchanges in these
circumstances, Public Customer Orders are exposed to all ISE Members
for up to one second to give them an opportunity to execute the Public
Customer Order at the NBBO price or better.\8\
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    \3\ ISE Rule 1901 and 1902.
    \4\ ISE Rule 100(a)(39).
    \5\ ISE Rule 100(a)(28).
    \6\ ISE Rule 714(a).
    \7\ ISE Rule 803(c)(2).
    \8\ Supplementary Material .02 to Rule 803. The exposure period
for Public Customer Orders currently is 150 milliseconds.
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    Under the proposed rule change, the Exchange seeks to provide Non-
Customer Orders an opportunity to be executed on the ISE before
automatically rejecting the order, similar to the process used to
expose Public Customer Orders before ISOs orders are sent to other
exchanges. Specifically, instead of automatically rejecting a Non-
Customer Order in the circumstances described above, the Exchange
proposes to expose Non-Customer Orders to all members for up to one
second. The Exchange will reject any unexecuted balance of the Non-
Customer Order at the end of the exposure period unless it can be
placed on the ISE book without locking or crossing another exchange's
quotes.\9\ While the default under the proposal is for Non-Customer
Orders to be exposed, members may instruct the Exchange not to expose
Non-Customer Orders.\10\ As a result, this proposed change will have no
impact on Non-Customers that prefer to have their orders rejected
immediately upon entry as they are currently.
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    \9\ The Exchange proposes to amend Supplementary Material .02 to
Rule 803 to provide for the exposure of Non-Customer Orders. The
proposed changes differentiate the handling of Non-Customer Orders
from Public Customer Orders, as Primary Market Makers are not
responsible for providing NBBO price protection to Non-Customer
Orders. Primary Market Makers will not handle Non-Customer Orders
under the proposed exposure process for Non-Customer Orders.
    \10\ The Commission has previously approved the exposure of Non-
Customer Orders when an exchange is not at the NBBO. CBOE Rule
6.14A(a) (providing that the CBOE may designate eligible order
origin code, including non-market maker broker-dealer, and class in
which HAL2 is activated).
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    The Exchange anticipates implementing the new system functionality
for the proposed rule change in August 2012. Prior to implementation,
the Exchange will issue a circular to all members informing them of the
date on which the new functionality will become available.
2. Statutory Basis
    The Exchange believes that its proposal is consistent with Section
6(b) of the Act \11\ in general, and furthers the objectives of Section
6(b)(5) of the Act \12\ in particular, in that it is designed to
promote just and equitable principles of trade, to remove impediments
to and perfect the mechanism for a free and open market and a national
market system, and, in general, to protect investors and the public
interest. The proposed rule change will provide Non-Customer Orders a
greater opportunity to receive an execution on the ISE at the NBBO or
better. Due to differences in execution fees among the options
exchanges, the Exchange believes that some Non-Customers would prefer
to have their orders executed on the ISE if possible. However, the
Exchange also believes that some Non-Customers prefer not to have their
orders delayed in any manner. Accordingly, the proposed rule change
allows members to choose whether Non-Customers Orders should be
rejected upon entry as they are currently, or whether they should be
exposed on the Exchange before being rejected. Thus, the Exchange
believes the proposed rule change will benefit Non-Customers by giving
them greater control over the processing of their orders.
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    \11\ 15 U.S.C. 78f(b).
    \12\ 15 U.S.C. 78f(b)(5).

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B. Self-Regulatory Organization's Statement on Burden on Competition

    The proposed rule change does not impose any burden on competition.

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 proposed rule change does not (i) significantly affect
the protection of investors or the public interest; (ii) impose any
significant burden on competition; and (iii) become operative for 30
days from the date on which it was filed, or such shorter time as the
Commission may designate if consistent with the protection of investors
and the public interest, the proposed rule change has become effective
pursuant to Section 19(b)(3)(A) of the Act \13\ and Rule 19b-4(f)(6)
thereunder.\14\ 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.
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    \13\ 15 U.S.C. 78s(b)(3)(A).
    \14\ 17 CFR 240.19b-4(f)(6). As required under Rule 19b-
4(f)(6)(iii), the Exchange provided the Commission with written
notice of its intent to file the proposed rule change along with a
brief description and the 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.
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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 (http://www.sec.gov/rules/sro.shtml); or
     Send an email to<EMAIL_ADDRESS>Please include
File Number SR-ISE-2012-69 on the subject line.

Paper Comments

     Send paper comments in triplicate to Elizabeth M. Murphy,
Secretary, Securities and Exchange Commission, 100 F Street NE.,
Washington, DC 20549-1090.

All submissions should refer to File Number SR-ISE-2012-69. 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 (http://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 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 Number SR-ISE-2012-69 and should be
submitted on or before September 4, 2012.

    For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\15\
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    \15\ 17 CFR 200.30-3(a)(12).
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Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2012-19739 Filed 8-10-12; 8:45 am]
BILLING CODE 8011-01-P


[Federal Register: June 2, 2009 (Volume 74, Number 104)]
[Notices]
[Page 26444]
[DOCID:fr02jn09-111]

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SECURITIES AND EXCHANGE COMMISSION

Proposed Collection; Comment Request

Upon Written Request, Copies Available From: Securities and Exchange
Commission, Office of Investor Education and Advocacy, Washington, DC
20549-0213.

Extension:
    Form 11-K; OMB Control No. 3235-0082; SEC File No. 270-101.

    Notice is hereby given that, pursuant to the Paperwork Reduction
Act of 1995 (44 U.S.C. 3501 et seq.), the Securities and Exchange
Commission (``Commission'') is soliciting comments on the collection of
information summarized below. The Commission plans to submit this
existing collection of information to the Office of Management and
Budget for extension and approval.
    Form 11-K (17 CFR 249.311) is the annual report designed for use by
employee stock purchase, savings and similar plans to comply with the
reporting requirements under Section 15(d) of the Securities and
Exchange Act of 1934 (the ``Exchange Act'') (15 U.S.C. 78o(d)). Section
15(d) establishes a periodic reporting obligation for every issuer of a
class of securities registered under the Securities Act of 1933 (the
``Securities Act'') (15 U.S.C. 77a et seq.). Form 11-K provides
employees of an issuer with financial information so that they can
assess the performance of the investment vehicle or stock plan. Form
11-K takes approximately 30 burden hours per response and is filed by
2,000 respondents for total of 60,000 burden hours.
    Written comments are invited on: (a) Whether this proposed
collection of information is necessary for the proper performance of
the functions of the agency, including whether the information will
have practical utility; (b) the accuracy of the agency's estimate of
the burden imposed by the collection of information; (c) ways to
enhance the quality, utility, and clarity of the information collected;
and (d) ways to minimize the burden of the collections of information
on respondents, including through the use of automated collection
techniques or other forms of information technology. Consideration will
be given to comments and suggestions submitted in writing within 60
days of this publication.
    Please direct your written comments to Charles Boucher/CIO,
Securities and Exchange Commission, C/O Shirley Martinson, 6432 General
Green Way, Alexandria, Virginia 22312, or send an e-mail to: PRA_
<EMAIL_ADDRESS>
    Dated: May 26, 2009.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E9-12719 Filed 6-1-09; 8:45 am]

BILLING CODE 8010-01-P


[Federal Register: September 28, 2005 (Volume 70, Number 187)]
[Notices]
[Page 56650]
[DOCID:fr28se05-48]

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DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission

[Docket No. RP05-479-001]

Alliance Pipeline L.P.; Notice of Compliance Filing

September 21, 2005.
    Take notice that on September 16, 2005, Alliance Pipeline L.P.
(Alliance) tendered for filing as part of its FERC Gas Tariff, Original
Volume No. 1, Substitute Third Revised Sheet No. 276 and Substitute
Third Revised Sheet No. 277, proposed to become effective September 1,
2005.
    Alliance states that copies of its filing have been mailed to all
customers, State commissions, and other interested parties.
    Any person desiring to protest this filing must file in accordance
with Rule 211 of the Commission's Rules of Practice and Procedure (18
CFR 385.211). Protests to this filing will be considered by the
Commission in determining the appropriate action to be taken, but will
not serve to make protestants parties to the proceeding. Such protests
must be filed in accordance with the provisions of Section 154.210 of
the Commission's regulations (18 CFR 154.210). Anyone filing a protest
must serve a copy of that document on all the parties to the
proceeding.
    The Commission encourages electronic submission of protests in lieu
of paper using the ``eFiling'' link at http://www.ferc.gov. Persons

unable to file electronically should submit an original and 14 copies
of the protest to the Federal Energy Regulatory Commission, 888 First
Street, NE., Washington, DC 20426.
    This filing is accessible on-line at http://www.ferc.gov, using the

``eLibrary'' link and is available for review in the Commission's
Public Reference Room in Washington, DC. There is an ``eSubscription''
link on the Web site that enables subscribers to receive e-mail
notification when a document is added to a subscribed docket(s). For
assistance with any FERC Online service, please e-mail
<EMAIL_ADDRESS>or call<PHONE_NUMBER> (toll free). For

TTY, call<PHONE_NUMBER>.

Magalie R. Salas,
Secretary.
 [FR Doc. E5-5273 Filed 9-27-05; 8:45 am]

BILLING CODE 6717-01-P


[Federal Register Volume 78, Number 186 (Wednesday, September 25, 2013)]
[Notices]
[Page 59044]
[FR Doc No: 2013-23320]

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DEPARTMENT OF HOMELAND SECURITY

Federal Emergency Management Agency

[Internal Agency Docket No. FEMA-4145-DR; Docket ID FEMA-2013-0001]

Colorado; Amendment No. 1 to Notice of a Major Disaster
Declaration

AGENCY: Federal Emergency Management Agency, DHS.

ACTION: Notice.

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SUMMARY: This notice amends the notice of a major disaster declaration
for the State of Colorado (FEMA-4145-DR), dated September 14, 2013, and
related determinations.

DATES: Effective Date: September 15, 2013.

FOR FURTHER INFORMATION CONTACT: Dean Webster, Office of Response and
Recovery, Federal Emergency Management Agency, 500 C Street SW.,
Washington, DC 20472,<PHONE_NUMBER>.

SUPPLEMENTARY INFORMATION: The notice of a major disaster declaration
for the State of Colorado is hereby amended to include the following
areas among those areas determined to have been adversely affected by
the event declared a major disaster by the President in his declaration
of September 14, 2013.

    Adams, Larimer, and Weld Counties for Individual Assistance.
    Adams, Larimer, and Weld Counties for debris removal and
emergency protective measures (Categories A and B), including direct
federal assistance, under the Public Assistance program.
    The following Catalog of Federal Domestic Assistance Numbers
(CFDA) are to be used for reporting and drawing funds: 97.030,
Community Disaster Loans; 97.031, Cora Brown Fund; 97.032, Crisis
Counseling; 97.033, Disaster Legal Services; 97.034, Disaster
Unemployment Assistance (DUA); 97.046, Fire Management Assistance
Grant; 97.048, Disaster Housing Assistance to Individuals and
Households In Presidentially Declared Disaster Areas; 97.049,
Presidentially Declared Disaster Assistance--Disaster Housing
Operations for Individuals and Households; 97.050 Presidentially
Declared Disaster Assistance to Individuals and Households--Other
Needs; 97.036, Disaster Grants--Public Assistance (Presidentially
Declared Disasters); 97.039, Hazard Mitigation Grant.

W. Craig Fugate,
Administrator, Federal Emergency Management Agency.
[FR Doc. 2013-23320 Filed 9-24-13; 8:45 am]
BILLING CODE 9111-23-P