[Federal Register Volume 77, Number 233 (Tuesday, December 4, 2012)]
[Notices]
[Pages 71807-71811]
[FR Doc No: 2012-29256]

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DEPARTMENT OF HOMELAND SECURITY

Federal Emergency Management Agency

[Docket ID FEMA-2012-0003; Internal Agency Docket No. FEMA-B-1273]

Changes in Flood Hazard Determinations

AGENCY: Federal Emergency Management Agency, DHS.

ACTION: Notice.

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SUMMARY: This notice lists communities where the addition or
modification of Base Flood Elevations (BFEs), base flood depths,
Special Flood Hazard Area (SFHA) boundaries or zone designations, or
the regulatory floodway (hereinafter referred to as flood hazard
determinations), as shown on the Flood Insurance Rate Maps (FIRMs), and
where applicable, in the supporting Flood Insurance Study (FIS)
reports, prepared by the Federal Emergency Management Agency (FEMA) for
each community, is appropriate because of new scientific or technical
data. The FIRM, and where applicable, portions of the FIS report, have
been revised to reflect these flood hazard determinations through
issuance of a Letter of Map Revision (LOMR), in accordance with Title
44, Part 65 of the Code of Federal Regulations (44 CFR part 65). The
LOMR will be used by insurance agents and others to calculate
appropriate flood insurance premium rates for new buildings and the
contents of those buildings. For rating purposes, the currently
effective community number is shown in the table below and must be used
for all new policies and renewals.

DATES: These flood hazard determinations will become effective on the
dates listed in the table below and revise the FIRM panels and FIS
report in effect prior to this determination for the listed
communities.
    From the date of the second publication of notification of these
changes in a newspaper of local circulation, any person has ninety (90)
days in which to request through the community that the Deputy
Associate Administrator for Mitigation reconsider the changes. The
flood hazard determination information may be changed during the 90-day
period.

ADDRESSES: The affected communities are listed in the table below.
Revised flood hazard information for each community is available for
inspection at both the online location and the respective community map
repository address listed in the table below. Additionally, the current
effective FIRM and FIS report for each community are accessible online
through the FEMA Map Service Center at www.msc.fema.gov for comparison.
    Submit comments and/or appeals to the Chief Executive Officer of
the community as listed in the table below.

FOR FURTHER INFORMATION CONTACT: Luis Rodriguez, Chief, Engineering
Management Branch, Federal Insurance and Mitigation Administration,
FEMA, 500 C Street SW., Washington, DC 20472,<PHONE_NUMBER>, or
(email<EMAIL_ADDRESS>or visit the FEMA Map Information
Exchange (FMIX) online at www.floodmaps.fema.gov/fhm/fmx_main.html.

SUPPLEMENTARY INFORMATION: The specific flood hazard determinations are
not described for each community in this notice. However, the online
location and local community map repository address where the flood
hazard determination information is available for inspection is
provided.
    Any request for reconsideration of flood hazard determinations must
be submitted to the Chief Executive Officer of the community as listed
in the table below.
    The modifications are made pursuant to section 201 of the Flood
Disaster Protection Act of 1973, 42 U.S.C. 4105, and are in accordance
with the National Flood Insurance Act of 1968, 42 U.S.C. 4001 et seq.,
and with 44 CFR part 65.
    The FIRM and FIS report are the basis of the floodplain management
measures that the community is required either to adopt or to show
evidence of having in effect in order to qualify or remain qualified
for participation in the National Flood Insurance Program (NFIP).
    These flood hazard determinations, together with the floodplain
management criteria required by 44 CFR 60.3, are the minimum that are
required. They should not be construed to mean that the community must
change any existing ordinances that are more stringent in their
floodplain management requirements. The community may at any time enact
stricter requirements of its own or pursuant to policies established by
other Federal, State, or regional entities. The flood hazard
determinations are in accordance with 44 CFR 65.4.
    The affected communities are listed in the following table. Flood
hazard determination information for each community is available for
inspection at both the online location and the respective community map
repository address listed in the table below. Additionally, the current
effective FIRM and FIS report for each community are accessible online
through the FEMA Map Service Center at www.msc.fema.gov for comparison.

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                                                  Chief executive                           Online location of
       State and county          Location and       officer of         Community map          letter of map           Effective date of       Community
                                   case No.          community           repository              revision               modification             No.
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California: Ventura..........  City of Moorpark  The Honorable     18 High Street,        http://www.r9map.org/  July 18, 2012.............       060712
                                (12-09-0985P).    Janice Parvin,    Moorpark, CA 93021.    Docs/12-09-0985P-
                                                  Mayor, City of                           060712-102IAC.pdf.
                                                  Moorpark, 799
                                                  Moorpark
                                                  Avenue,
                                                  Moorpark, CA
                                                  93021.
Idaho:
    Ada......................  City of Boise     The Honorable     150 North Capitol      http://www.starr-      June 15, 2012.............       160002
                                (11-10-1081P).    David H.          Boulevard, Boise, ID   team.com/starr/LOMR/
                                                  Biester, Mayor,   83702.                 Pages/RegionX.aspx.
                                                  City of Boise,
                                                  150 North
                                                  Capitol
                                                  Boulevard,
                                                  Boise, ID 83702.
    Ada......................  Unincorporated    The Honorable     200 West Front         http://www.starr-      June 15, 2012.............       160001
                                areas of Ada      Rick Yzaguirre,   Street, 3rd Floor,     team.com/starr/LOMR/
                                County (11-10-    Chairman, Ada     Boise, ID 83702.       Pages/RegionX.aspx.
                                1081P).           County Board of
                                                  Commissioners,
                                                  200 West Front
                                                  Street, 3rd
                                                  floor, Boise,
                                                  ID 83702.
    Blaine...................  City of Hailey    The Honorable     115 Main Street        http://www.starr-      July 5, 2012..............       160022
                                (12-10-0384P).    Fritz             South, Suite H,        team.com/starr/LOMR/
                                                  Haemmerle,        Hailey, ID 83333.      Pages/RegionX.aspx.
                                                  Mayor, City of
                                                  Hailey, 115
                                                  Main Street
                                                  South, Suite H,
                                                  Hailey, ID
                                                  83333.
Illinois:
    Effingham................  City of           The Honorable     Effingham City Hall,   http://www.starr-      July 24, 2012.............       170229
                                Effingham (11-    Merv              201 East Jefferson     team.com/starr/LOMR/
                                05-5866P).        Gillenwater,      Avenue, Effingham,     Pages/RegionV.aspx.
                                                  Mayor, City of    IL 62401.
                                                  Effingham, 201
                                                  East Jefferson
                                                  Avenue,
                                                  Effingham, IL
                                                  62401.
    Kendall..................  City of Sandwich  The Honorable     144 East Railroad      http://www.starr-      July 13, 2012.............       170188
                                (12-05-0175P).    Tom Thomas,       Street, Sandwich, IL   team.com/starr/LOMR/
                                                  Mayor, City of    60548.                 Pages/RegionV.aspx.
                                                  Sandwich, 144
                                                  East Railroad
                                                  Street,
                                                  Sandwich, IL
                                                  60548.
    Kendall..................  Unincorporated    The Honorable     Kendall County Zoning  http://www.starr-      July 13, 2012.............       170341
                                areas of          John Purcell,     and Planning           team.com/starr/LOMR/
                                Kendall County    Chairman,         Commission, 111 West   Pages/RegionV.aspx.
                                (12-05-0175).     Kendall County    Fox Street,
                                                  Board, 111 West   Yorkville, IL 60560.
                                                  Fox Street,
                                                  Yorkville, IL
                                                  60560.
    McLean...................  City of           The Honorable     Bloomington            http://www.starr-      July 13, 2012.............       170490
                                Bloomington (11-  Stephen F.        Engineering            team.com/starr/LOMR/
                                05-3513P).        Stockton,         Department, 109 East   Pages/RegionV.aspx.
                                                  Mayor, City of    Olive Street,
                                                  Bloomington,      Bloomington, IL
                                                  Bloomington       61701.
                                                  City Hall, 109
                                                  East Olive
                                                  Street,
                                                  Bloomington, IL
                                                  61701.
    McLean...................  Unincorporated    The Honorable     McLean County          http://www.starr-      July 13, 2012.............       170931
                                areas of McLean   Matt Sorenson,    Building and Zoning    team.com/starr/LOMR/
                                County (11-05-    Chairman,         Department, 115 East   Pages/RegionV.aspx.
                                3513P).           McLean County     Washington Street,
                                                  Board, 115 East   Room M102,
                                                  Washington        Bloomington, IL
                                                  Street, Room      61701.
                                                  401,
                                                  Bloomington, IL
                                                  61701.
    Tazewell.................  City of           The Honorable     301 Walnut Street,     http://www.starr-      July 12, 2012.............       170655
                                Washington (11-   Gary W. Manier,   Washington, IL 61571.  team.com/starr/LOMR/
                                05-7882P).        Mayor, City of                           Pages/RegionV.aspx.
                                                  Washington, 301
                                                  Walnut Street,
                                                  Washington, IL
                                                  61571.
    Will.....................  Unincorporated    The Honorable     58 East Clinton        http://www.starr-      June 8, 2012..............       170695
                                areas of Will     Lawrence M.       Street, Suite 500,     team.com/starr/LOMR/
                                County (11-05-    Walsh, Will       Joliet, IL 60432.      Pages/RegionV.aspx.
                                6606P).           County
                                                  Executive, 302
                                                  North Chicago
                                                  Street, Joliet,
                                                  IL 60432.
    Will.....................  Village of        The Honorable     24401 West Lockport    http://www.starr-      June 8, 2012..............       170771
                                Plainfield (11-   Michael P.        Street, Plainfield,    team.com/starr/LOMR/
                                05-6606P).        Collins,          IL 60544.              Pages/RegionV.aspx.
                                                  President,
                                                  Village of
                                                  Plainfield,
                                                  24401 West
                                                  Lockport
                                                  Street,
                                                  Plainfield, IL
                                                  60544.
    Will.....................  Village of        The Honorable     Romeoville Village     http://www.starr-      July 20, 2012.............       170711
                                Romeoville (11-   John Noak,        Hall, 1050 West        team.com/starr/LOMR/
                                05-0953P).        Mayor, Village    Romeo Road,            Pages/RegionV.aspx.
                                                  of Romeoville,    Romeoville, IL 60446.
                                                  Romeoville
                                                  Village Hall,
                                                  1050 West Romeo
                                                  Road,
                                                  Romeoville, IL
                                                  60446.

Iowa: Black Hawk.............  City of Cedar     The Honorable     220 Clay Street,       http://www.starr-      June 8, 2012..............       190017
                                Falls (11-07-     Jon Crews,        Cedar Falls, IA        team.com/starr/LOMR/
                                1543P).           Mayor, City of    50613.                 Pages/RegionVII.aspx.
                                                  Cedar Falls,
                                                  220 Clay
                                                  Street, Cedar
                                                  Falls, IA 50613.
Kansas:
     McPherson...............  City of           The Honorable     400 East Kansas        http://www.starr-      June 27, 2012.............       200217
                                McPherson (12-    Thomas A.         Avenue, McPherson,     team.com/starr/LOMR/
                                07-0044P).        Brown, Mayor,     KS 67460.              Pages/RegionVII.aspx.
                                                  City of
                                                  McPherson, 400
                                                  East Kansas
                                                  Avenue,
                                                  McPherson, KS
                                                  67460.
    Sedgwick.................  City of Wichita   The Honorable     455 North Main         http://www.starr-      June 19, 2012.............       200328
                                (11-07-2738P).    Carl Brewer,      Street, Wichita, KS    team.com/starr/LOMR/
                                                  Mayor, City of    67202.                 Pages/RegionVII.aspx.
                                                  Wichita, 455
                                                  North Main
                                                  Street,
                                                  Wichita, KS
                                                  67202.
    Sedgwick.................  Unincorporated    The Honorable     1144 South Seneca      http://www.starr-      June 19, 2012.............       200321
                                areas of          Tim R. Norton,    Street, Wichita, KS    team.com/starr/LOMR/
                                Sedgwick County   Chairman,         67213.                 Pages/RegionVII.aspx.
                                (11-07-2738P).    Sedgwick County
                                                  Board of
                                                  Commissioners,
                                                  525 North Main
                                                  Street, Suite
                                                  320, Wichita,
                                                  KS 67203.
Maine: Lincoln...............  Town of           The Honorable     361 Hendricks Hill     http://www.starr-      June 8, 2012..............       230221
                                Southport (11-    Gerald Gamage,    Road, Southport, ME    team.com/starr/LOMR/
                                01-1247P).        Town of           04576.                 Pages/RegionI.aspx.
                                                  Southport
                                                  Selectman, 361
                                                  Hendricks Hill
                                                  Road,
                                                  Southport, ME
                                                  04576.
Minnesota: Rice..............  City of           The Honorable     208 1st Avenue,        http://www.starr-      July 6, 2012..............       270404
                                Faribault (12-    John Jasinski,    Northwest,             team.com/starr/LOMR/
                                05-1808P).        Mayor, City of    Faribault, MN 55021.   Pages/RegionV.aspx.
                                                  Faribault, 208
                                                  1st Avenue
                                                  Northwest,
                                                  Fairbault, MN
                                                  55021.
Missouri:
    Jackson..................  City of           The Honorable     111 East Maple,        http://www.starr-      July 13, 2012.............       290172
                                Independence      Don B. Remial,    Independence, MO       team.com/starr/LOMR/
                                (11-07-2613P).    Mayor, City of    64050.                 Pages/RegionVII.aspx.
                                                  Independence,
                                                  111 East Maple
                                                  Avenue,
                                                  Independence,
                                                  MO 64050.
    St. Charles..............  City of           The Honorable     690 Chesterfield       http://www.starr-      July 6, 2012..............       290896
                                Chesterfield      Bruce Geiger,     Parkway West,          team.com/starr/LOMR/
                                (11-07-3427P).    Mayor, City of    Chesterfield, MO       Pages/RegionVII.aspx.
                                                  Chesterfield,     63017.
                                                  690
                                                  Chesterfield
                                                  Parkway West,
                                                  Chesterfield,
                                                  MO 63017.
    St. Charles..............  Unincorporated    The Honorable     300 North 2nd Street,  http://www.starr-      July 6, 2012..............       290315
                                areas of St.      Steve Ehlmann,    St. Charles, MO        team.com/starr/LOMR/
                                Charles County    St. Charles       63301.                 Pages/RegionVII.aspx.
                                (11-07-3427P).    County
                                                  Executive, 100
                                                  North 3rd
                                                  Street, St.
                                                  Charles, MO
                                                  63301.
    St. Louis................  Unincorporated    The Honorable     41 South Central       http://www.starr-      July 17, 2012.............       290327
                                areas of St.      Charlie A.        Avenue, Clayton, MO    team.com/starr/LOMR/
                                Louis County      Dooley, St.       63105.                 Pages/RegionVII.aspx.
                                (11-07-2794P).    Louis County
                                                  Executive, St.
                                                  Louis County
                                                  Government
                                                  Center, 41
                                                  South Central
                                                  Avenue,
                                                  Clayton, MO
                                                  63105.
Ohio:
    Clinton..................  Village of        The Honorable     99 North Howard        http://www.starr-      May 3, 2012...............       390627
                                Sabina (12-05-    Dean Carnahan,    Street, Sabina, OH     team.com/starr/LOMR/
                                0889P).           Mayor, Village    45169.                 Pages/RegionV.aspx.
                                                  of Sabina, 99
                                                  North Howard
                                                  Street, Sabina,
                                                  OH 45169.
    Cuyahoga.................  City of           The Honorable     25325 Fairmont         http://www.starr-      June 29, 2012.............       390094
                                Beachwood (12-    Merle S.          Boulevard,             team.com/starr/LOMR/
                                05-2285P).        Gorden, Mayor,    Beachwood, OH 44122.   Pages/RegionV.aspx.
                                                  City of
                                                  Beachwood,
                                                  25325 Fairmont
                                                  Boulevard,
                                                  Beachwood, OH
                                                  44122.
Washington: District of        District of       The Honorable     1200 1st Street        https://www.rampp-     July 20, 2012.............       110001
 Columbia.                      Columbia (12-03-  Vincent C.        Northeast, 5th         team.com/lomrs.htm.
                                0808P).           Gray, Mayor,      Floor, Washington,
                                                  District of       DC 20002.
                                                  Columbia, John
                                                  A. Wilson
                                                  Building, 1350
                                                  Pennsylvania
                                                  Avenue
                                                  Northwest,
                                                  Washington, DC
                                                  20004.
Wisconsin:

    Racine...................  City of           The Honorable     300 North Pine         http://www.starr-      June 8, 2012..............       550348
                                Burlington (11-   Robert Miller,    Street, Burlington,    team.com/starr/LOMR/
                                05-2911P).        Mayor, City of    WI 53105.              Pages/RegionV.aspx.
                                                  Burlington, 300
                                                  North Pine
                                                  Street,
                                                  Burlington, WI
                                                  53105.
    Racine...................  Unincorporated    The Honorable     14200 Washington       http://www.starr-      June 8, 2012..............       550347
                                areas of Racine   James A.          Avenue, Sturtevant,    team.com/starr/LOMR/
                                County (11-05-    Ladwig, Racine    WI 53177.              Pages/RegionV.aspx.
                                2911P).           County
                                                  Executive, 730
                                                  Wisconsin
                                                  Avenue, Racine,
                                                  WI 53403.
    Rock.....................  City of           The Honorable     31 South Madison       http://www.starr-      July 11, 2012.............       550366
                                Evansville (12-   Sandy Decker,     Street, Evansville,    team.com/starr/LOMR/
                                05-1647P).        Mayor, City of    WI 53536.              Pages/RegionV.aspx.
                                                  Evansville, 31
                                                  South Madison
                                                  Street,
                                                  Evansville, WI
                                                  53536.
    Rock.....................  Unincorporated    The Honorable J.  51 South Main Street,  http://www.starr-      July 11, 2012.............       550363
                                areas of Rock     Russell           Janesville, WI 53545.  team.com/starr/LOMR/
                                County (12-05-    Podzilni,                                Pages/RegionV.aspx.
                                1647P).           Chair, Rock
                                                  County Board of
                                                  Supervisors, 51
                                                  South Main
                                                  Street,
                                                  Janesville, WI
                                                  53545.
    Walworth.................  City of Lake      The Honorable     626 Geneva Street,     http://www.starr-      June 4, 2012..............       550466
                                Geneva (11-05-    Jim Connors,      Lake Geneva, WI        team.com/starr/LOMR/
                                4839P).           Mayor, City of    53147.                 Pages/RegionV.aspx.
                                                  Lake Geneva,
                                                  626 Geneva
                                                  Street, Lake
                                                  Geneva, WI
                                                  53147.
    Walworth.................  Unincorporated    The Honorable     100 West Walworth      http://www.starr-      June 4, 2012..............       550462
                                areas of          David Bretl,      Street, Elkhorn, WI    team.com/starr/LOMR/
                                Walworth County   Walworth County   53121.                 Pages/RegionV.aspx.
                                (11-05-4839P).    Administrator,
                                                  100 West
                                                  Walworth
                                                  Street,
                                                  Elkhorn, WI
                                                  53121.
    Washington...............  Unincorporated    The Herbert J.    333 East Washington    http://www.starr-      June 8, 2012..............       550471
                                areas of          Tennies, Chair,   Street, Suite 2300,    team.com/starr/LOMR/
                                Washington        Washington        West Bend, WI 53095.   Pages/RegionV.aspx.
                                County (11-05-    County Board,
                                6560P).           432 East
                                                  Washington
                                                  Street, Suite
                                                  3029, West
                                                  Bend, WI 53095.
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(Catalog of Federal Domestic Assistance No. 97.022, ``Flood
Insurance.'')

    Dated: November 14, 2012.
James A. Walke,
Acting Deputy Associate Administrator for Mitigation, Department of
Homeland Security, Federal Emergency Management Agency.
[FR Doc. 2012-29256 Filed 12-3-12; 8:45 am]
BILLING CODE 9110-12-P


[Federal Register Volume 88, Number 95 (Wednesday, May 17, 2023)]
[Notices]
[Pages 31591-31592]
[FR Doc No: 2023-10475]

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DEPARTMENT OF TRANSPORTATION

Federal Railroad Administration

[Docket No. FRA-2010-0032]

Metro-North Railroad's Request To Amend Its Positive Train
Control Safety Plan and Positive Train Control System

AGENCY: Federal Railroad Administration (FRA), Department of
Transportation (DOT).

ACTION: Notice of availability and request for comments.

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SUMMARY: This document provides the public with notice that, on May 9,
2023,

Metro-North Railroad (MNR) submitted a request for amendment (RFA) to
its FRA-approved Positive Train Control Safety Plan (PTCSP). As this
RFA involves a request for FRA's approval of proposed material
modifications to an FRA-certified positive train control (PTC) system,
FRA is publishing this notice and inviting public comment on the
railroad's RFA to its PTCSP.

DATES: FRA will consider comments received by June 6, 2023. FRA may
consider comments received after that date to the extent practicable
and without delaying implementation of valuable or necessary
modifications to a PTC system.

ADDRESSES:
    Comments: Comments may be submitted by going to https://www.regulations.gov and following the online instructions for
submitting comments.
    Instructions: All submissions must include the agency name and the
applicable docket number. The relevant PTC docket number for this host
railroad is Docket No. FRA-2010-0032. For convenience, all active PTC
dockets are hyperlinked on FRA's website at https://railroads.dot.gov/research-development/program-areas/train-control/ptc/railroads-ptc-dockets. All comments received will be posted without change to https://www.regulations.gov; this includes any personal information.

FOR FURTHER INFORMATION CONTACT: Gabe Neal, Staff Director, Signal,
Train Control, and Crossings Division, telephone:<PHONE_NUMBER>, email:
[email protected].

SUPPLEMENTARY INFORMATION: In general, Title 49 United States Code
(U.S.C.) section 20157(h) requires FRA to certify that a host
railroad's PTC system complies with Title 49 Code of Federal
Regulations (CFR) part 236, subpart I, before the technology may be
operated in revenue service. Before making certain changes to an FRA-
certified PTC system or the associated FRA-approved PTCSP, a host
railroad must submit, and obtain FRA's approval of, an RFA to its PTCSP
under 49 CFR 236.1021.
    Under 49 CFR 236.1021(e), FRA's regulations provide that FRA will
publish a notice in the Federal Register and invite public comment in
accordance with 49 CFR part 211, if an RFA includes a request for
approval of a material modification of a signal and train control
system. Accordingly, this notice informs the public that, on May 9,
2023, MNR submitted an RFA to its PTCSP for its Advanced Civil Speed
Enforcement System II (ACSES II), which seeks FRA's approval of a new
release of Safety Temporary Speed Restriction Server (STS) Software,
Version 1.2.5. MNR state that the software update is to address defects
and contains no new functionality. The RFA is available in Docket No.
FRA-2010-0032.
    Interested parties are invited to comment on MNR's RFA to its PTCSP
by submitting written comments or data. During FRA's review of this
railroad's RFA, FRA will consider any comments or data submitted within
the timeline specified in this notice and to the extent practicable,
without delaying implementation of valuable or necessary modifications
to a PTC system. See 49 CFR 236.1021; see also 49 CFR 236.1011(e).
Under 49 CFR 236.1021, FRA maintains the authority to approve, approve
with conditions, or deny a railroad's RFA to its PTCSP at FRA's sole
discretion.

Privacy Act Notice

    In accordance with 49 CFR 211.3, FRA solicits comments from the
public to better inform its decisions. DOT posts these comments,
without edit, including any personal information the commenter
provides, to https://www.regulations.gov, as described in the system of
records notice (DOT/ALL-14 FDMS), which can be reviewed at https://www.transportation.gov/privacy. See https://www.regulations.gov/privacy-notice for the privacy notice of regulations.gov. To facilitate
comment tracking, we encourage commenters to provide their name, or the
name of their organization; however, submission of names is completely
optional. If you wish to provide comments containing proprietary or
confidential information, please contact FRA for alternate submission
instructions.

    Issued in Washington, DC.
Carolyn R. Hayward-Williams,
Director, Office of Railroad Systems and Technology.
[FR Doc. 2023-10475 Filed 5-16-23; 8:45 am]
BILLING CODE 4910-06-P


[Federal Register: December 16, 2008 (Volume 73, Number 242)]
[Rules and Regulations]
[Page 76230-76232]
[DOCID:fr16de08-10]

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DEPARTMENT OF HOMELAND SECURITY

Federal Emergency Management Agency

44 CFR Part 65

Changes in Flood Elevation Determinations

AGENCY: Federal Emergency Management Agency, DHS.

ACTION: Final rule.

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SUMMARY: Modified Base (1% annual-chance) Flood Elevations (BFEs) are
finalized for the communities listed below. These modified BFEs will be
used to calculate flood insurance premium rates for new buildings and
their contents.

DATES: The effective dates for these modified BFEs are indicated on the
following table and revise the Flood Insurance Rate Maps (FIRMs) in
effect for the listed communities prior to this date.

ADDRESSES: The modified BFEs for each community are available for
inspection at the office of the Chief Executive Officer of each
community. The respective addresses are listed in the table below.

FOR FURTHER INFORMATION CONTACT: William R. Blanton, Jr., Engineering
Management Branch, Mitigation Directorate, Federal Emergency Management
Agency, 500 C Street, SW., Washington, DC 20472,<PHONE_NUMBER>.

SUPPLEMENTARY INFORMATION: The Federal Emergency Management Agency
(FEMA) makes the final determinations listed below of the modified BFEs
for each community listed. These modified BFEs have been published in
newspapers of local circulation and ninety (90) days have elapsed since
that publication. The Mitigation Division Director of FEMA resolved any
appeals resulting from this notification.
    The modified BFEs are not listed for each community in this notice.
However, this final rule includes the address of the Chief Executive
Officer of the community where the modified BFEs determinations are
available for inspection.
    The modified BFEs are made pursuant to section 206 of the Flood
Disaster Protection Act of 1973, 42 U.S.C. 4105, and are in accordance
with the National Flood Insurance Act of 1968, 42 U.S.C. 4001 et seq.,
and with 44 CFR part 65.
    For rating purposes, the currently effective community number is
shown and must be used for all new policies and renewals.
    The modified BFEs are the basis for the floodplain management
measures that the community is required to either adopt or to show
evidence of being already in effect in order to qualify or to remain
qualified for participation in the National Flood Insurance Program
(NFIP).
    These modified BFEs, together with the floodplain management
criteria required by 44 CFR 60.3, are the minimum that are required.
They should not be construed to mean that the community must change any
existing ordinances that are more stringent in their floodplain
management requirements. The community may at any time enact stricter
requirements of its own, or pursuant to policies established by other
Federal, State, or regional entities.
    These modified BFEs are used to meet the floodplain management
requirements of the NFIP and are also used to calculate the appropriate
flood insurance premium rates for new buildings built after these
elevations are made final, and for the contents in these buildings. The
changes in BFEs are in accordance with 44 CFR 65.4.
    National Environmental Policy Act. This final rule is categorically
excluded from the requirements of 44 CFR part 10, Environmental
Consideration. An environmental impact assessment has not been
prepared.
    Regulatory Flexibility Act. As flood elevation determinations are
not within the scope of the Regulatory Flexibility Act, 5 U.S.C. 601-
612, a regulatory flexibility analysis is not required.
    Regulatory Classification. This final rule is not a significant
regulatory action under the criteria of section 3(f) of Executive Order
12866 of September 30, 1993, Regulatory Planning and Review, 58 FR
51735.
    Executive Order 13132, Federalism. This final rule involves no
policies that

have federalism implications under Executive Order 13132, Federalism.
    Executive Order 12988, Civil Justice Reform. This final rule meets
the applicable standards of Executive Order 12988.

List of Subjects in 44 CFR Part 65

    Flood insurance, Floodplains, Reporting and recordkeeping
requirements.

0
Accordingly, 44 CFR part 65 is amended to read as follows:

PART 65--[AMENDED]

0
1. The authority citation for part 65 continues to read as follows:

    Authority: 42 U.S.C. 4001 et seq.; Reorganization Plan No. 3 of
1978, 3 CFR, 1978 Comp., p. 329; E.O. 12127, 44 FR 19367, 3 CFR,
1979 Comp., p. 376.

Sec.  65.4  [Amended]

0
2. The tables published under the authority of Sec.  65.4 are amended
as follows:

--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                             Date and name of
         State and county           Location and case No.     newspaper where     Chief executive officer    Effective date of modification   Community
                                                           notice was published         of community                                             No.
--------------------------------------------------------------------------------------------------------------------------------------------------------
California: San Diego (FEMA Docket  City of San Diego (08- July 10, 2008; July   The Honorable Jerry        June 30, 2008..................       060295
 No.: B-1001.                        09-1015P).             17, 2008; San Diego   Sanders, Mayor, City of
                                                            Transcript.           San Diego, 202 C Street,
                                                                                11th Floor, San Diego,
                                                                                CA 92101.
Colorado: Arapahoe (FEMA Docket     City of Cherry Hills   July 4, 2008; July    The Honorable Mike         November 11, 2008..............       080013
 No.: B-1001).                       Village (08-08-        11, 2008; The         Wozniak, Mayor, City of
                                     0414P).                Englewood Herald.     Cherry Hills Village,
                                                                                2450 East Quincy Avenue,
                                                                                Cherry Hills Village, CO
                                                                                80113.
Florida:
    Charlotte (FEMA Docket No.: B-  City of Punta Gorda    July 17, 2008; July   The Honorable Larry        June 30, 2008..................       120062
     1001).                          (08-04-4040P).         24, 2008; Charlotte   Friedman, Mayor, City of
                                                            Sun.                  Punta Gorda, 326 West
                                                                                Marion Avenue, Punta
                                                                                Gorda, FL 33950.
    Monroe (FEMA Docket No.: B-     Unincorporated areas   July 10, 2008; July   The Honorable Mario        June 30, 2008..................       125129
     1001).                          of Monroe County (08-  17, 2008; Key West    DiGennaro, Mayor, Monroe
                                     04-0421P).             Citizen.              County, Florida Keys
                                                                                Marathon Airport, 9400
                                                                                Overseas Highway, Suite
                                                                                210, Marathon, FL 33050.
    Monroe (FEMA Docket No.: B-     Unincorporated areas   July 10, 2008; July   The Honorable Mario        June 30, 2008..................       125129
     1001).                          of Monroe County (08-  17, 2008; Key West    DiGennaro, Mayor, Monroe
                                     04-3795P).             Citizen.              County, Florida Keys
                                                                                Marathon Airport, 9400
                                                                                Overseas Highway, Suite
                                                                                210, Marathon, FL 33050.
    Sumter (FEMA Docket No.: B-     City of Wildwood (08-  July 17, 2008; July   The Honorable Ed Wolf,     June 30, 2008..................       120299
     1001).                          04-0921P).             24, 2008; Sumter      Mayor, City of Wildwood
                                                            County Times.         ,100 North Main Street,
                                                                                Wildwood, FL 34785.
Kansas: Johnson (FEMA Docket No.:   City of Overland Park  July 9, 2008; July    The Honorable Carl R.      June 30, 2008..................       200174
 B-1001).                            (08-07-0908P).         16, 2008; The         Gerlach, Mayor, City of
                                                            Overland Park Sun.    Overland Park, 10084
                                                                                Hemlock Drive, Overland
                                                                                Park, KS 66212.
Michigan: Macomb (FEMA Docket No.:  Township of Macomb     July 16, 2008; July   The Honorable John D.      July 2, 2008...................       260445
 B-1001).                            (08-05-1867P).         23, 2008; The         Brennan, Township
                                                            Macomb Daily and      Supervisor, Township of
                                                            Daily Tribune.        Macomb, 54111 Broughton
                                                                                Road, Macomb, MI 48042.
Mississippi: DeSoto (FEMA Docket    City of Olive Branch   July 31, 2008;        The Honorable Samuel P.    July 18, 2008..................       280286
 No.: B-1001).                       (08-04-2647P).         August 7, 2008;       Rikard, Mayor, City of
                                                            DeSoto Times Today.   Olive Branch, 9200
                                                                                Pigeon Roost Road, Olive
                                                                                Branch, MS 38654.
Missouri:
    St. Charles (FEMA Docket No.:   Unincorporated areas   June 25, 2008; July   The Honorable Steve        October 30, 2008...............       290315
     B-7797).                        of St. Charles         2, 2008; St.          Ehlmann, County
                                     County (08-07-0068P).  Charles Journal.      Executive, St. Charles
                                                                                County, St. Charles
                                                                                County Courthouse, 100
                                                                                North Third Street, St.
                                                                                Charles, MO 63301.
    St. Charles (FEMA Docket No.:   City of St. Peters     June 25, 2008; July   The Honorable Len Pagano,  October 30, 2008...............       290319
     B-7797).                        (08-07-0068P).         2, 2008; St.          Mayor, City of St.
                                                            Charles Journal.      Peters, One St. Peters
                                                                                Centre Boulevard, St.
                                                                                Peters, MO 63376.
Nevada: Clark (FEMA Docket No.: B-  Unincorporated areas   July 8, 2008; July    The Honorable Rory Reid,   November 12, 2008..............       320003
 7797).                              of Clark County (07-   15, 2008; Las Vegas   Chair, Clark County
                                     09-1612P).             Review-Journal.       Board of Commissioners,
                                                                                500 South Grand Central
                                                                                Parkway, Las Vegas, NV
                                                                                89106.
New York:
    New York (FEMA Docket No.: B-   City of New York (08-  July 17, 2008; July   The Honorable Michael R.   September 29, 2008.............       360497
     1001).                          02-0948P).             24, 2008; New York    Bloomberg, Mayor, City
                                                            Times.                of New York, One Centre
                                                                                Street, New York, NY
                                                                                10007.
    Rockland (FEMA Docket No.: B-   Town of Clarkstown     May 22, 2008; May     The Honorable Alexander    November 18, 2008..............       360679
     7788).                          (08-02-0127P).         29, 2008; Rockland    J. Gromack, Supervisor,
                                                            County Times.         Town of Clarkstown, Ten
                                                                                Maple Avenue, New City,
                                                                                NY 10956.
North Carolina: Onslow (FEMA        City of Jacksonville   June 13, 2008; June   The Honorable Sammy        June 6, 2008...................       370178
 Docket No.: B-7793).                (08-04-0469P).         20, 2008; The Daily   Phillips, Mayor, City of
                                                            News.                 Jacksonville, P.O. Box
                                                                                128, Jacksonville, NC
                                                                                28541.
Oklahoma:
    Oklahoma (FEMA Docket No.: B-   City of Edmond (08-06- July 16, 2008; July   The Honorable Daniel R     July 30, 2008..................       400252
     1001).                          0227P).                23, 2008; The         O'Neil, Mayor, City of
                                                            Edmond Sun.           Edmond, P.O. Box 2970,
                                                                                Edmond, OK 73083.
    Tulsa (FEMA Docket No.: B-      City of Tulsa (08-06-  June 26, 2008; July   The Honorable Kathryn L.   October 31, 2008...............       405381
     1001).                          1820P).                3, 2008; Tulsa        Taylor, Mayor, City of
                                                            World.                Tulsa, 200 Civic Center,
                                                                                Tulsa, OK 74103.

    Tulsa (FEMA Docket No.: B-      City of Tulsa (08-06-  July 31, 2008;        The Honorable Kathryn L.   July 17, 2008..................       405381
     1008).                          1865P).                August 7, 2008;       Taylor, Mayor, City of
                                                            Tulsa World.          Tulsa, 200 Civic Center,
                                                                                Tulsa, OK 74103.
South Dakota: Pennington (FEMA      City of Rapid City     June 25, 2008; July   The Honorable Alan Hanks,  October 30, 2008...............       465420
 Docket No.: B-1001).                (08-08-0211P).         2, 2008; Hill City    Mayor, City of Rapid
                                                            Prevailer-News.       City, 300 Sixth Street,
                                                                                Rapid City, SD 57701.
Texas:
    Bexar (FEMA Docket No.: B-      City of San Antonio    June 26, 2008; July   The Honorable Phil         October 31, 2008...............       480045
     7797).                          (07-06-0823P).         3, 2008; San          Hardberger, Mayor, City
                                                            Antonio Express       of San Antonio, P.O. Box
                                                            News.                 839966, San Antonio, TX
                                                                                78283.
    Bexar (FEMA Docket No.: B-      City of San Antonio    June 26, 2008; July   The Honorable Phil         June 19, 2008..................       480045
     1015).                          (07-06-0824P).         3, 2008; San          Hardberger, Mayor, City
                                                            Antonio Express       of San Antonio, P.O. Box
                                                            News.                 839966, San Antonio, TX
                                                                                78283.
    Collin (FEMA Docket No.: B-     City of McKinney (07-  June 26, 2008; July   The Honorable Bill         October 31, 2008...............       480135
     7797).                          06-1407P).             3, 2008; McKinney     Whitfield, Mayor, City
                                                            Courier Gazette.      of McKinney, 222 North
                                                                                Tennessee Street,
                                                                                McKinney, TX 75069.
    Harris (FEMA Docket No.: B-     Unincorporated areas   July 2, 2008; July    The Honorable Ed Emmett,   October 30, 2008...............       480287
     7797).                          of Harris County (07-  9, 2008; Houston      Harris County Judge,
                                     06-2077P).             Chronicle.            1001 Preston Street,
                                                                                Suite 911, Houston, TX
                                                                                77002.
    Tarrant (FEMA Docket No.: B-    City of Euless (08-06- April 4, 2008; April  The Honorable Mary Saleh,  August 11, 2008................       480593
     1011).                          0770P).                11, 2008;             Mayor, City of Euless,
                                                            Colleyville Courier.  201 North Ector Drive,
                                                                                Euless, TX 76039.
Virginia: Independent City (FEMA    City of Winchester     July 3, 2008; July    The Honorable Elizabeth    October 31, 2008...............       510173
 Docket No.: B-1001).                (08-03-0972P).         10, 2008; The         Minor, Mayor, City of
                                                            Winchester Star.      Winchester, 231 East
                                                                                Piccadilly Street, Suite
                                                                                310, Winchester, VA
                                                                                22601.
Wisconsin:
    Dodge (FEMA Docket No.: B-      Unincorporated areas   June 19, 2008; June   The Honorable Russell E.   October 24, 2008...............       550094
     7797).                          of Dodge County (07-   26, 2008; Watertown   Kottke, Chairman, Dodge
                                     05-4832P).             Daily Times.          County Board of
                                                                                Supervisors, 127 East
                                                                                Oak Street, Beaver Dam,
                                                                                WI 53039.
    Dodge (FEMA Docket No.: B-      City of Watertown (07- June 19, 2008; June   The Honorable Ron          October 24, 2008...............       550107
     7797).                          05-4832P).             26, 2008; Watertown   Krueger, Mayor, City of
                                                            Daily Times.          Watertown, P.O. Box 477,
                                                                                Watertown, WI 53094.
--------------------------------------------------------------------------------------------------------------------------------------------------------

(Catalog of Federal Domestic Assistance No. 97.022, ``Flood
Insurance.'')

    Dated: December 5, 2008.
Michael K. Buckley,
Acting Assistant Administrator, Mitigation Directorate, Department of
Homeland Security, Federal Emergency Management Agency.
 [FR Doc. E8-29777 Filed 12-15-08; 8:45 am]

BILLING CODE 9110-12-P


[Federal Register Volume 79, Number 107 (Wednesday, June 4, 2014)]
[Notices]
[Pages 32342-32345]
[FR Doc No: 2014-12884]

-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-72271; File No. SR-CBOE-2014-046]

Self-Regulatory Organizations; Chicago Board Options Exchange,
Incorporated; Notice of Filing and Immediate Effectiveness of a
Proposed Rule Change Relating to Exchange Rule 24.20

May 29, 2014.
    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 May 19, 2014, Chicago Board Options Exchange, Incorporated (the
``Exchange'' or ``CBOE'') filed with the Securities and Exchange
Commission (the ``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 the
Substance of the Proposed Rule Change

    The Exchange proposes to amend Exchange Rule 24.20 to: (a) require
Trading Permit Holders (``TPHs'') that may determine to utilize the
special open outcry trading procedures for SPX Combo Orders to indicate
an order is eligible for the procedure by including an indicator with
the order upon systematization,\3\ and (b) make other changes to the
rule text. The text of the proposed rule change is available on the
Exchange's Web site (http://www.cboe.com/AboutCBOE/CBOELegalRegulatoryHome.aspx), at the Exchange's Office of the
Secretary, and at the Commission's Public Reference Room.
---------------------------------------------------------------------------

    \3\ Orders must be systematized in accordance with Rule 6.24
(Required Order Information). Generally, subject to certain
exceptions, each order, cancellation of, or change to an order
transmitted to the Exchange must be ``systematized,'' in a format
approved by the Exchange, either before it is sent to the Exchange
or upon receipt on the floor of the Exchange. An order is
systematized if: (i) the order is sent electronically to the
Exchange; or (ii) the order that is sent to the Exchange non-
electronically (e.g., telephone orders) is input electronically into
the Exchange's systems contemporaneously upon receipt on the
Exchange, and prior to representation of the order.
---------------------------------------------------------------------------

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 aspects of such
statements.

A. Self-Regulatory Organization's Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule Change

1. Purpose
    The Exchange is proposing to add language to Exchange Rule 24.20 to
require TPHs that may determine to utilize the special open outcry
trading procedures for the SPX Combo Orders, as described in Rule
24.20, to indicate an order is eligible for the procedure by including
an SPX Combo Order indicator with the order upon systematization. The
Exchange believes this added requirement to Rule 24.20 will enhance the
Exchange's audit trail by identifying orders that are eligible to
receive the relief under Rule 24.20, whether or not those orders are
ultimately executed using the SPX Combo Order provisions, and limiting
the availability of the procedure only to those orders so designated
upon systematization as such. Orders without this indicator will not be
eligible for the special procedure set out in Rule 24.20.\4\ The
Exchange is also proposing to make other edits to the current
provisions of Rule 24.20.
---------------------------------------------------------------------------

    \4\ The Exchange notes that the inclusion of the indicator will
simply signify that an order is eligible for the special procedure
set out in Rule 24.20. It will not obligate a TPH to use the
procedure if an order has been designated as eligible for the
procedure set out in in [sic] Rule 24.20 (e.g., the TPH could elect
to trade the order as the TPH would trade another complex order
under Rule 6.45B(b)). Moreover, it will not obligate a TPH to apply
the indicator to an order if the TPH has no intention of utilizing
the procedure set out in Rule 24.20.
---------------------------------------------------------------------------

Background
    An ``SPX Combo Order'' is currently defined in Rule 24.20 as an
order to purchase or sell SPX options and the offsetting number of SPX
combinations

defined by the delta. An ``SPX combination'' is a long SPX call and a
short SPX put having the same expiration date and strike price. The
``delta'' is defined as the positive (negative) number of SPX
combinations that must be sold (bought) to establish a market neutral
hedge with an SPX option position.
    Rule 24.20 provides limited relief by allowing the component legs
of an SPX Combo Order to be traded in open outcry outside the market
quotes (``out-of-range'') under certain circumstances. Specifically,
Rule 24.20(b)(2) currently provides that, if an SPX Combo Order is not
executed immediately, the SPX Combo Order may be executed and printed
at the prices originally quoted for each of the component options
series within two hours after the time of the original quotes, provided
that the prices originally quoted satisfy the requirements of paragraph
(b)(1) of Rule 24.20.\5\
---------------------------------------------------------------------------

    \5\ See note 5 [sic], infra. The Exchange notes that existing
paragraphs (b)(1) and (b)(2) of Rule 24.20 are proposed to be
renumbered to paragraphs (b)(2) and (b)(3), respectively.
---------------------------------------------------------------------------

SPX Combo Order Indicator
    Under the current Rule 24.20 procedures, TPHs are required to
designate each of the component series of the order as being part of an
SPX Combo Order transaction when submitting the trade to the Exchange
for price reporting. For example, on a PAR workstation this is
accomplished by selecting the ``CMBO ENDORSE'' button. When an SPX
Combo Order execution is reported, the prices of the component series
are reported to the trading floor and to the Options Price Reporting
Authority (``OPRA'') using an indicator that identifies the trade as
being part of an SPX Combo Order transaction. The SPX Combo Order
indicator acts as notice to the public that the reported prices are
part of an SPX Combo Order transaction and helps avoid investor
confusion regarding out-of-range SPX prices.
    The Exchange is now proposing to add language to Rule 24.20 to
require the TPH to indicate an order as eligible for the SPX Combo
Order trading procedures upon systematization rather than when
reporting an execution as currently required. The Exchange believes
this requirement will enhance the Exchange's audit trail because it
will identify eligible orders even if they are not ultimately executed
using the SPX Combo Order trading procedures. In addition, the Exchange
notes that TPHs are already required to apply an indicator to identify
Combo Order transactions at the time of trade report (via the ``CMBO
ENDORSE'' button). The proposed rule change only seeks to modify the
timing to instead require that the indicator be applied at time of
order systematization. More specifically, TPHs will merely need to add
the indicator to a field upon order entry.\6\ As such, the Exchange
does not anticipate the proposed changes will be unduly burdensome on
TPHs.
---------------------------------------------------------------------------

    \6\ The Exchange notes that though TPHs are generally allowed to
utilize any Exchange approved device to systematize orders on the
trading floor, it is the Exchange's understanding that the majority
of SPX Combo Orders are systematized by Exchange Floor Brokers via
the Exchange provided devices Floor Broker Workstation and PULSe.
Because these are Exchange provided devices, both have been updated
by the Exchange to support the proposed SPX Combo Order Indicator.
In addition, this order designation was originally announced in June
2013. (See Exchange Regulatory Circular RG13-083.) As such, the
Exchange believes that appropriate notice was given to the TPHs not
utilizing Floor Broker Workstation or PULSe for compliance with the
requirement, and it is the Exchange's understanding that these TPHs
will be prepared for the requirement within the timeframes outlined
by the Exchange.
---------------------------------------------------------------------------

Other Amendments
    The Exchange is also proposing to revise the existing SPX Combo
Order rule text to make other amendments. The Exchange notes that these
amendments are not intended to modify the existing operation of the
special procedures, and are not intend [sic] to expand the relief
granted under current Rule 24.20. The Exchange believes that these
amendments will harmonize the language found throughout the current
rule along [sic] more sufficiently explain the existing application of
the Rule.
    In particular, the Exchange is proposing to change the title of the
rule from ``SPX Combination Orders'' to ``SPX Combo Orders'' to
harmonize the references within the Rule. Next, the Exchange is
proposing to revise the definition of an ``SPX combination.'' As noted
above, currently an SPX combination is defined as ``a long SPX call and
a short SPX put having the same expiration date and strike price.'' The
Exchange is proposing to revise the definition to include a short SPX
call and a long SPX put having the same expiration date and strike
price. By definition, both strategies are permissible under the
existing rule (otherwise one would never have a contra-side with which
to trade; also, this clarification is consistent with other provisions
of the rule that recognize both buy-side and sell-side interest). In
addition, instead of using the terms ``long'' and ``short,'' the
Exchange is proposing to use the terms ``purchase'' and ``sale'' to be
consistent with the language in the existing definitions of ``SPX Combo
Order'' and ``delta'' (which are noted above). Thus, as revised, an
``SPX combination'' would be defined as ``a purchase (sale) of an SPX
call and a sale (purchase) of an SPX put having the same expiration
date and strike price.''
    The Exchange is also proposing to revise the definitions of a
``delta'' and an ``SPX Combo Order'' to replace the phrase ``SPX option
positions'' [sic] and ``SPX options'' that appear within the respective
definitions with the phrase ``one or more SPX option series.'' As
revised, a ``delta'' would be ``the positive (negative) number of SPX
combinations that must be sold (bought) to establish a market neutral
hedge with one or more SPX option series.'' The definition of an ``SPX
Combo Order'' would be ``an order to purchase or sell one or more SPX
option series and the offsetting number of SPX combinations defined by
the delta''. The use of the phrase ``one or more SPX option series'' is
intended to make it clear that an SPX Combo Order is intended to
consist of an SPX combination (which has two component legs) that
establish a market neutral hedge with one or more SPX option series
(which can consist of one or more component legs). The Exchange again
notes that it does not intended [sic] to expand the relief granted
under the current Rule but only intended [sic] to provide greater
clarity on the existing requirements under the Rule.
    Finally, the Exchange is proposing to change a reference in the
current Rule 24.20(b)(1)(B) from ``SPX combination'' to the word
``order.'' \7\ This change is intended to codify the existing
application of the rule. The use of the word ``order'' (which is
intended to capture the broader SPX Combo Order) is consistent with the
terminology used elsewhere in the existing rule text \8\ and with the
Exchange's general priority provisions for complex orders.\9\ As

stated above, the Exchange does not intend to expand the relief under
the current Rule but is attempting to harmonize the rule language and
conform the existing requirements.\10\
---------------------------------------------------------------------------

    \7\ The current text of Rule 24.20(b)(1) provides in relevant
part as follows: ``When a Trading Permit Holder holding an SPX Combo
Order and bidding or offering in a multiple of the minimum increment
on the basis of a total debit or credit for the order has determined
that the order may not be executed by a combination of transactions
with the bids and offers displayed in the SPX limit order book or by
the displayed quotes of the crowd, then the order may be executed at
the best net debit or credit so long as (A) no leg of the order
would trade at a price outside the currently displayed bids or
offers in the trading crowd or bids or offers in the SPX limit order
book and (B) at least one leg of the SPX combination would trade at
a price that is better than the corresponding bid or offer in the
SPX limit order book.'' (emphasis added). As proposed to be revised,
the phrase ``SPX combination'' would be replaced with the word
``order.''
    \8\ See current CBOE Rule 24.20(b)(1)(A).
    \9\ See, e.g., Rules 6.45A(b)(which applies to open outcry
equity option trades) and 6.45B(b) (which applies to open outcry
index and ETF option trades).
    \10\ See Securities Exchange Act Release No. 45389 (February 4,
2002), 67 FR 6291 (February 11, 2002) (order approving SR-CBOE-00-
040).
---------------------------------------------------------------------------

    The proposed change to the current Rule 24.20(b)(1)(B) would align
the language with the language in the current Rule 24.20(b)(1)(A) which
states that a Combo Order may receive the relief under the Rule if no
leg of the order would trade at a price outside of the currently
displayed bids or offers. Thus, the Exchange is proposing to make clear
that the price improvement requirement necessary to receive the relief
may be on any leg of the SPX Combo Order rather than only on a leg in
the SPX combination portion of the SPX Combo Order. The Exchange
believes the current representation that the price improvement must be
on one leg of the SPX combination is a result of [sic] drafting error
and the intent of the Rule has always been that the price improvement
occur on any one leg of the SPX Combo Order to remain consistent with
the treatment of regular complex orders on the Exchange.\11\ In
addition, in its approval order, the Commission specifically stated
that the procedures in the proposed Rule 24.20 ``are the same as the
procedures set forth in CBOE Rule 6.45(e)'' which were the Exchange
priority rules for complex orders at the time of filing.\12\ Thus, the
Exchange believes that the intention has always been understood to mean
the price improvement can occur on any one leg of the order. The
Exchange is now merely proposing to codify this notion.
---------------------------------------------------------------------------

    \11\ See note 7 [sic] supra. For example, Rule 6.45B(b)(ii),
which applies to index options such as the SPX options class, states
that complex orders may be executed in open outcry without giving
priority to equivalent bids (offers) in the individual series legs
that are represented in the trading crowd or in the public customer
limit order book provided, ``at least one leg of the order betters
the corresponding bid (offer) in the public customer limit order
book.'' In that regard, consistent with general open outcry complex
orders procedures contained Rules 6.45(e), 6.45A(b) and 6.45B(b),
for purposes of Rule 24.20 references to the trading crowd include
broker-dealer orders resting in the electronic book and electronic
quotes of Market-Makers. Also consistent with Rules 6.45(e),
6.45A(b) and 6.45B(b), for purposes of Rule 24.20 references to the
SPX limit order book mean the public customer order limit [sic]
book. See Rules 6.45(e), 6.45A(b)(ii) and 6.45B(b)(ii). The Exchange
notes that Professional and Voluntary Professional orders are
treated the same as broker-dealer orders for purposes of Rule 6.45,
6.45A and 6.45B, and that the Professional and Voluntary
Professional designation [sic] are not available for SPX options
series trading on the Hybrid 3.0 platform (symbols SPX and SPXQ).
See, e.g., Rules 1.1(fff)-(ggg).
    \12\ See note 8 [sic].
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Conclusion
    The Exchange believes that these changes will enhance the
Exchange's audit trail along with provide [sic] clarity for TPHs
utilizing this trading procedure. Because the SPX Combo Order indicator
described above will require minor systems enhancements, the Exchange
will announce the implementation date of the proposed rule change in a
Regulatory Circular to be published no later than 90 days following the
effective date of this proposed rule change. The Exchange understands
that all TPHs currently utilizing the relief granted under Rule 24.20
will have this functionality by the time of implementation of the
obligation. As such, the implementation date will be no later than 180
days following the effective date of this proposed rule change.
2. Statutory Basis
    The Exchange believes the proposed rule change is consistent with
the Act and the rules and regulations thereunder applicable to the
Exchange and, in particular, the requirements of Section 6(b) of the
Act.\13\ Specifically, the Exchange believes the proposed rule change
is consistent with the Section 6(b)(5) \14\ requirements that the rules
of an exchange be 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.
Additionally, the Exchange believes the proposed rule change is
consistent with the Section 6(b)(5) \15\ requirement that the rules of
an exchange not be designed to permit unfair discrimination between
customers, issuers, brokers, or dealers.
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    \13\ 15 U.S.C. 78f(b).
    \14\ 15 U.S.C. 78f(b)(5).
    \15\ Id.
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    In particular, the proposed addition to Rule 24.20 would promote
just and equitable principles of trading by enhancing the Exchange's
audit trail. An enhanced audit trail will help the Exchange to regulate
these kinds of orders more thoroughly, which should serve to promote
just and equitable trading of these orders on the Exchange. Finally,
the Exchange believes that the proposed revisions to the existing SPX
Combo Order text will not expand the relief currently granted in Rule
24.20. More specifically, the proposed changes to Rule 24.20(a) will
harmonize the language found throughout the current rule along with
[sic] more sufficiently explain the existing application of the Rule.
The proposed changes in current Rule 24.20(b)(1) will conform the text
of the SPX Combo Order provisions contained in current Rule
24.20(b)(1)(B) with language in current Rule 24.20(b)(1)(A) and with
the general requirements for trading complex orders on the Exchange,
consistent with the original intention.
    The Exchange also believes the proposed rule change is consistent
with Section 6(b)(1) of the Act,\16\ which provides that the Exchange
be organized and have the capacity to be able to carry out the purposes
of the Act and to enforce compliance by the Exchange's TPHs and persons
associated with its TPHs with the Act, the rules and regulations
thereunder, and the rules of the Exchange. With an enhanced audit trail
of orders that TPHs designate as eligible for the SPX Combo Order
trading procedures, the Exchange believes it will be able to more
comprehensively monitor such trading on the Exchange.
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    \16\ 15 U.S.C. 78f(b)(1).
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B. Self-Regulatory Organization's Statement on Burden on Competition

    CBOE 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. In particular, the proposed
rule change will not impose any burden on any [sic] intramarket
competition as it will be applied to similarly situated groups trading
on the Exchange equally. The Exchange does not believe the proposed
rule change will impose any burden on intermarket completion [sic] as
the proposed changes merely pose a requirement for a TPH that may
determine to utilize the special open outcry trading procedures for SPX
Combo Orders to apply an indicator to an eligible order upon
systematization (as opposed to the current requirement to apply an
indicator when reporting an execution) and amend other SPX Combo Order
provisions without granting any additional relief.

C. Self-Regulatory Organization's Statement on Comments on the Proposed
Rule Change Received From Members, Participants, or Others

    The Exchange neither solicited nor received comments on the
proposed rule change.

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. 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 \17\ and
Rule 19b-4(f)(6) \18\ thereunder. 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. If the Commission takes such action, the
Commission will institute proceedings to determine whether the proposed
rule change should be approved or disapproved.
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    \17\ 15 U.S.C. 78s(b)(3)(A).
    \18\ 17 CFR 240.19b-4(f)(6).
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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-CBOE-2014-046 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-CBOE-2014-046. 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 such 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-CBOE-2014-046, and should be
submitted on or before June 25, 2014.

    For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\19\
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    \19\ 17 CFR 200.30-3(a)(12).
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Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2014-12884 Filed 6-3-14; 8:45 am]
BILLING CODE 8011-01-P