[Federal Register Volume 84, Number 141 (Tuesday, July 23, 2019)]
[Notices]
[Pages 35446-35448]
From the Federal Register Online via the Government Publishing Office [http://www.gpo.gov/]
[FR Doc No: 2019-15560]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-86399; File No. SR-NASDAQ-2019-054]

Self-Regulatory Organizations; The Nasdaq Stock Market LLC;
Notice of Filing and Immediate Effectiveness of Proposed Rule Change To
Amend the Generic Listing Standards for Fixed Income Securities
Included in the Portfolio of a Series of Managed Fund Shares

July 17, 2019.
    Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934
(``Act''),\1\ and Rule 19b-4 thereunder,\2\ notice is hereby given that
on July 3, 2019, The Nasdaq Stock Market LLC (``Nasdaq'' or
``Exchange'') 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 Exchange. 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 amend Nasdaq Rule 5735(b)(1)(B)(v)
relating to generic listing standards applicable to fixed income
securities included in the portfolio of a series of Managed Fund Shares
listed on the Exchange.
    The text of the proposed rule change is available on the Exchange's
website at http://nasdaq.cchwallstreet.com/, at the principal office of
the Exchange, and at the Commission's Public Reference Room.

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

    In its filing with the Commission, the Exchange included statements
concerning the purpose of and basis for the proposed rule change and
discussed any comments it received on the proposed rule change. The
text of these statements may be examined at the places specified in
Item IV below. The Exchange has prepared summaries, set forth in
sections A, B, and C below, of the most significant 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 proposes to amend Nasdaq Rule 5735(b)(1), which sets
forth generic listing standards for the listing and trading of Managed
Fund Shares.\3\ Nasdaq Rule 5735(b)(1)(B) sets forth generic listing
standards applicable to fixed income securities included in the
portfolio of a series of Managed Fund Shares listed on the Exchange.\4\
Nasdaq Rule 5735(b)(1)(B)(v) provides that non-agency, non-GSE and
privately-issued mortgage related and other asset-backed securities
(``ABS'' and, collectively, ``non-agency ABS'') components of a
portfolio shall not account, in the aggregate, for more than 20% of the
weight of the fixed income portion of the portfolio. Nasdaq proposes to
amend Nasdaq Rule 5735(b)(1)(B)(v) by deleting the words ``fixed income
portion'' to provide that such 20% limitation would apply to the entire
portfolio rather than to only the fixed income portion of the

portfolio. Thus, Nasdaq Rule 5735(b)(1)(B)(v) would provide that non-
agency, non-GSE and privately-issued mortgage related and other ABS
components of a portfolio shall not account, in the aggregate, for more
than 20% of the weight of the portfolio.
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    \3\ A Managed Fund Share is a security that represents an
interest in an investment company registered under the Investment
Company Act of 1940 (15 U.S.C. 80a-1) (the ``1940 Act'') organized
as an open-end management investment company or similar entity that
invests in a portfolio of securities selected by its investment
adviser consistent with its investment objectives and policies. In
contrast, an open-end management investment company that issues
Index Fund Shares that may be listed and traded on the Exchange
under Nasdaq Rule 5705(b) seeks to provide investment results that
correspond generally to the performance of a specific foreign or
domestic stock index, fixed income securities index or combination
thereof.
    \4\ Nasdaq Rule 5735(b)(1)(B) provides that fixed income
securities are debt securities that are notes, bonds, debentures, or
evidence of indebtedness that include, but are not limited to, U.S.
Department of Treasury securities (``Treasury Securities''),
government-sponsored entity securities (``GSE Securities''),
municipal securities, trust preferred securities, supranational debt
and debt of a foreign country or a subdivision thereof, investment
grade and high yield corporate debt, bank loans, mortgage and asset
backed securities, and commercial paper.
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    Nasdaq believes this amendment is appropriate because a fund's
investment in non-agency, non-GSE and privately-issued mortgage-related
and other ABS may provide a fund with benefits associated with
increased diversification, as such investments may be less correlated
to interest rates than many other fixed income securities. The Exchange
notes that application of the 20% limitation only to the fixed income
portion of a fund's portfolio may impose a much more restrictive
percentage limit on permitted holdings of non-agency ABS for funds that
have a more diversified investment portfolio than for funds that hold
principally or exclusively fixed income securities. For example, a fund
holding 100% of its assets in fixed income securities can hold 20% of
its entire portfolio's weight in non-agency ABS. In contrast, a fund
holding 25% of its assets in fixed income securities, 25% in U.S
Component Stocks, and 50% in cash and cash equivalents is limited to a
5% (25% * 20% = 5%) allocation to non-agency ABS. Nasdaq, therefore,
believes application of the 20% limitation to a fund's entire portfolio
would be more equitable for Managed Fund Shares issuers with different
investment objectives and holdings.
    The Commission has previously approved a proposed rule change by
NYSE Arca, Inc. that is substantively identical to the amendment to
Nasdaq Rule 5735(b)(1)(B)(v) proposed herein.\5\ Therefore, Nasdaq
believes it is appropriate to apply the 20% limitation to a fund's
investment in non-agency, non-GSE and privately-issued mortgage-related
and other ABS components of a portfolio in Nasdaq Rule 5735(b)(1)(B)(v)
to a fund's total assets. Non-agency ABS would otherwise satisfy all
generic listing requirements of Nasdaq Rule 5735(b)(1)(B).
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    \5\ See Securities Exchange Act Release No. 86017 (June 3,
2019), 84 FR 26711 (June 7, 2019) (SR-NYSEArca-2019-06) (Order
Approving a Proposed Rule Change, as Modified by Amendment No. 1, to
Amend Certain Generic Listing Standards for Managed Fund Shares
Applicable to Holdings of Fixed Income Securities).
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    Nasdaq believes the proposed amendments would provide issuers of
Managed Fund Shares with additional investment choices for fund
portfolios for funds permitted to list and trade on the Exchange
pursuant to Rule 19b-4(e), which would enhance competition among market
participants, to the benefit of investors and the marketplace.
2. Statutory Basis
    The Exchange believes that its proposal is consistent with Section
6(b) of the Act,\6\ in general, and furthers the objectives of Section
6(b)(5) of the Act,\7\ in particular, in that it is designed to prevent
fraudulent and manipulative acts and practices, to promote just and
equitable principles of trade, to foster cooperation and coordination
with persons engaged in regulating, clearing, settling, processing
information with respect to, and facilitating transactions in
securities, to remove impediments to and perfect the mechanism of a
free and open market and a national market system, and, in general to
protect investors and the public interest and because it is not
designed to permit unfair discrimination between customers, issuers,
brokers, or dealers.
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    \6\ 15 U.S.C. 78f(b).
    \7\ 15 U.S.C. 78f(b)(5).
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    The Exchange has in place surveillance procedures that are adequate
to properly monitor trading in Managed Fund Shares in all trading
sessions and to deter and detect violations of Exchange rules and
applicable federal securities laws. The Exchange notes that Nasdaq or
FINRA, on behalf of Nasdaq, or both, would communicate as needed
regarding trading in Managed Fund Shares with other markets and other
entities that are members of the Intermarket Surveillance Group
(``ISG''), and Nasdaq or FINRA, on behalf of Nasdaq, or both, could
obtain trading information regarding trading in Managed Fund Shares
from such markets and other entities. In addition, Nasdaq could obtain
information regarding trading in Managed Fund Shares from markets and
other entities that are members of ISG or with which Nasdaq has in
place a comprehensive surveillance sharing agreement.
    Nasdaq believes that the proposed amendment to Nasdaq Rule
5735(b)(1)(B)(v) is appropriate because a fund's investment in non-
agency, non-GSE and privately-issued mortgage-related and other ABS may
provide a fund with benefits associated with increased diversification,
as such investments may be less correlated to interest rates than many
other fixed income securities. As noted above, application of the 20%
limitation to only the fixed income portion of a fund's portfolio may
impose a much lower percentage limit on permitted holdings of non-
agency ABS for funds that have a more diversified investment portfolio
than for funds that hold principally or exclusively fixed income
securities. Nasdaq, therefore, believes application of the 20%
limitation to a fund's entire portfolio would be more equitable for
issuers of Managed Fund Shares with different investment objectives and
holdings.
    The Exchange notes that the Commission has previously approved a
rule change by NYSE Arca, Inc. that is substantively identical to the
amendment to Nasdaq Rule 5735(b)(1)(B)(v) proposed herein.\8\
Therefore, Nasdaq believes it is appropriate to apply the 20%
limitation to a fund's investment in non-agency, non-GSE and privately-
issued mortgage-related and other ABS components of a portfolio in
Nasdaq Rule 5735(b)(1)(B)(v) to a fund's total assets. Non-agency ABS
would otherwise satisfy all generic listing requirements of Nasdaq Rule
5735(b)(1)(B).
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    \8\ See supra note 5.
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    The proposed rule change is designed to perfect the mechanism of a
free and open market and, in general, to protect investors and the
public interest in that it will facilitate the listing and trading of
additional types of Managed Fund Shares that will enhance competition
among market participants, to the benefit of investors and the
marketplace.

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

    The Exchange does not believe that the proposed rule change will
impose any burden on competition not necessary or appropriate in
furtherance of the purposes of the Act. The proposed rule change would
permit Exchange listing and trading under 19b-4(e) of additional types
of Managed Fund Shares, which would enhance competition among market
participants, to the benefit of investors and the marketplace.

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

    No written comments were either solicited or received.

III. Date of Effectiveness of the Proposed Rule Change and Timing for
Commission Action

    Because the foregoing 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, it has

become effective pursuant to Section 19(b)(3)(A) of the Act \9\ and
Rule 19b-4(f)(6) thereunder.\10\
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    \9\ 15 U.S.C. 78s(b)(3)(A).
    \10\ 17 CFR 240.19b-4(f)(6). In addition, Rule 19b-4(f)(6)(iii)
requires a self-regulatory organization to give the Commission
written notice of its intent to file the proposed rule change, along
with a brief description and text of the proposed rule change, at
least five business days prior to the date of filing of the proposed
rule change, or such shorter time as designated by the Commission.
The Exchange has satisfied this requirement.
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    A proposed rule change filed under Rule 19b-4(f)(6) \11\ normally
does not become operative prior to 30 days after the date of the
filing. However, pursuant to Rule 19b-4(f)(6)(iii),\12\ the Commission
may designate a shorter time if such action is consistent with the
protection of investors and the public interest. The Exchange has
requested that the Commission waive the 30-day operative delay. The
Exchange states its belief that the proposed rule change does not raise
any novel regulatory issues, noting that the Commission approved a
substantively identical proposed rule change by NYSE Arca, Inc.\13\ For
this reason, the Commission believes that waiving the 30-day operative
delay is consistent with the protection of investors and the public
interest. Accordingly, the Commission waives the 30-day operative delay
and designates the proposed rule change operative upon filing.\14\
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    \11\ 17 CFR 240.19b-4(f)(6).
    \12\ 17 CFR 240.19b-4(f)(6)(iii).
    \13\ See supra note 5.
    \14\ For purposes only of waiving the 30-day operative delay,
the Commission also has considered the proposed rule's impact on
efficiency, competition, and capital formation. See 15 U.S.C.
78c(f).
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    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 shall institute proceedings to
determine whether the proposed rule change should be approved or
disapproved.

IV. Solicitation of Comments

    Interested persons are invited to submit written data, views, and
arguments concerning the foregoing, including whether the proposed rule
change is consistent with the Act. Comments may be submitted by any of
the following methods:

Electronic Comments

     Use the Commission's internet comment form (http://www.sec.gov/rules/sro.shtml); or
     Send an email to [email protected]. Please include
File Number SR-NASDAQ-2019-054 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-NASDAQ-2019-054. This
file number should be included on the subject line if email is used. To
help the Commission process and review your comments more efficiently,
please use only one method. The Commission will post all comments on
the Commission's internet website (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 website viewing and printing in
the Commission's Public Reference Room, 100 F Street NE, Washington, DC
20549, on official business days between the hours of 10:00 a.m. and
3:00 p.m. Copies of the filing also will be available for inspection
and copying at the principal office of the Exchange. All comments
received will be posted without change. Persons submitting comments are
cautioned that we do not redact or edit personal identifying
information from comment submissions. You should submit only
information that you wish to make available publicly. All submissions
should refer to File Number SR-NASDAQ-2019-054 and should be submitted
on or before August 13, 2019.

    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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Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2019-15560 Filed 7-22-19; 8:45 am]
 BILLING CODE 8011-01-P


[Federal Register Volume 77, Number 138 (Wednesday, July 18, 2012)]
[Notices]
[Pages 42307-42310]
[FR Doc No: 2012-17385]

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ENVIRONMENTAL PROTECTION AGENCY

[EPA-HQ-OPP-2012-0543; FRL-9355-3]

FIFRA Scientific Advisory Panel; Notice of Public Meeting

AGENCY: Environmental Protection Agency (EPA).

ACTION: Notice.

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SUMMARY: There will be a 4 day meeting of the Federal Insecticide,
Fungicide, and Rodenticide Act Scientific Advisory Panel (FIFRA SAP) to
consider and review the Pollinator Risk Assessment Framework.

DATES: The meeting will be held on September 11-14, 2012, from
approximately 9 a.m. to 5:30 p.m.
    Comments. The Agency encourages that written comments be submitted
by August 28, 2012 and requests for oral comments be submitted by
September 4, 2012. However, written comments and requests to make oral
comments may be submitted until the date of the meeting, but anyone
submitting written comments after August 28, 2012 should contact the
Designated Federal Official (DFO) listed under FOR FURTHER INFORMATION
CONTACT. For additional instructions, see Unit I.C. of the
SUPPLEMENTARY INFORMATION.
    Nominations. Nominations of candidates to serve as ad hoc members
of FIFRA SAP for this meeting should be provided on or before August 1,
2012.
    Webcast. This meeting may be webcast. Please refer to the FIFRA
SAP's Web site, http://www.epa.gov/scipoly/sap for information on how
to access the webcast. Please note that the webcast is a supplementary
public process provided only for convenience. If difficulties arise
resulting in webcasting outages, the meeting will continue as planned.
    Special accommodations. For information on access or services for
individuals with disabilities, and to request accommodation of a
disability, please contact the DFO listed under FOR FURTHER INFORMATION
CONTACT at least 10 days prior to the meeting to give EPA as much time
as possible to process your request.

ADDRESSES: The meeting will be held at the Environmental Protection
Agency, Conference Center, Lobby Level, One Potomac Yard (South Bldg.),
2777 S. Crystal Dr., Arlington, VA 22202.
    Submit your comments, identified by docket identification (ID)
number EPA-HQ-OPP-2012-0543 by one of the following methods:
     Federal eRulemaking Portal: http://www.regulations.gov.
Follow the online instructions for submitting comments. Do not submit
electronically any information you consider to be Confidential Business
Information (CBI) or other information whose disclosure is restricted
by statute.
     Mail: OPP Docket, Environmental Protection Agency Docket
Center (EPA/DC), Mail Code: 28221T, 1200 Pennsylvania Ave. NW.,
Washington, DC 20460-0001.
     Hand Delivery: To make special arrangements for hand
delivery or delivery of boxed information, please follow the
instructions at http://www.epa.gov/dockets/contacts.htm.
    Additional instructions on commenting or visiting the docket, along
with more information about dockets generally, is available at http://www.epa.gov/dockets.
    Nominations, requests to present oral comments, and requests for
special

accommodations. Submit nominations to serve as ad hoc members of FIFRA
SAP, requests for special seating accommodations, or requests to
present oral comments to the DFO listed under FOR FURTHER INFORMATION
CONTACT.

FOR FURTHER INFORMATION CONTACT: Fred Jenkins, DFO, Office of Science
Coordination and Policy (7201M), Environmental Protection Agency, 1200
Pennsylvania Ave. NW., Washington, DC 20460-0001; telephone number:
(202) 564-3327; fax number:<PHONE_NUMBER>; email address:
<EMAIL_ADDRESS>
SUPPLEMENTARY INFORMATION:

I. General Information

 A. Does this action apply to me?

    This action is directed to the public in general. This action may,
however, be of interest to persons who are or may be required to
conduct testing of chemical substances under the Federal Food, Drug,
and Cosmetic Act (FFDCA), FIFRA, and the Food Quality Protection Act of
1996 (FQPA). Since other entities may also be interested, the Agency
has not attempted to describe all the specific entities that may be
affected by this action. If you have any questions regarding the
applicability of this action to a particular entity, consult the DFO
listed under FOR FURTHER INFORMATION CONTACT.

B. What should I consider as I prepare my comments for EPA?

    When submitting comments, remember to:
    1. Identify the document by docket ID number and other identifying
information (subject heading, Federal Register date and page number).
    2. Follow directions. The Agency may ask you to respond to specific
questions or organize comments by referencing a Code of Federal
Regulations (CFR) part or section number.
    3. Explain why you agree or disagree; suggest alternatives and
substitute language for your requested changes.
    4. Describe any assumptions and provide any technical information
and/or data that you used.
    5. If you estimate potential costs or burdens, explain how you
arrived at your estimate in sufficient detail to allow for it to be
reproduced.
    6. Provide specific examples to illustrate your concerns and
suggest alternatives.
    7. Explain your views as clearly as possible, avoiding the use of
profanity or personal threats.
    8. Make sure to submit your comments by the comment period deadline
identified.

C. How may I participate in this meeting?

    You may participate in this meeting by following the instructions
in this unit. To ensure proper receipt by EPA, it is imperative that
you identify docket ID number EPA-HQ-OPP-2012-0543; in the subject line
on the first page of your request.
    1. Written comments. The Agency encourages that written comments be
submitted, using the instructions in ADDRESSES, no later than August
28, 2012, to provide FIFRA SAP the time necessary to consider and
review the written comments. Written comments are accepted until the
date of the meeting, but anyone submitting written comments after
August 28, 2012 should contact the DFO listed under FOR FURTHER
INFORMATION CONTACT. Anyone submitting written comments at the meeting
should bring 30 copies for distribution to FIFRA SAP.
    2. Oral comments. The Agency encourages that each individual or
group wishing to make brief oral comments to FIFRA SAP submit their
request to the DFO listed under FOR FURTHER INFORMATION CONTACT no
later than September 4, 2012, in order to be included on the meeting
agenda. Requests to present oral comments will be accepted until the
date of the meeting and, to the extent that time permits, the Chair of
FIFRA SAP may permit the presentation of oral comments at the meeting
by interested persons who have not previously requested time. The
request should identify the name of the individual making the
presentation, the organization (if any) the individual will represent,
and any requirements for audiovisual equipment (e.g., overhead
projector, 35 mm projector, chalkboard). Oral comments before FIFRA SAP
are limited to approximately 5 minutes unless prior arrangements have
been made. In addition, each speaker should bring 30 copies of his or
her comments and presentation slides for distribution to the FIFRA SAP
at the meeting.
    3. Seating at the meeting. Seating at the meeting will be open and
on a first-come basis.
    4. Request for nominations to serve as ad hoc members of FIFRA SAP
for this meeting. As part of a broader process for developing a pool of
candidates for each meeting, FIFRA SAP staff routinely solicits the
stakeholder community for nominations of prospective candidates for
service as ad hoc members of FIFRA SAP. Any interested person or
organization may nominate qualified individuals to be considered as
prospective candidates for a specific meeting. Individuals nominated
for this meeting should have expertise in one or more of the following
areas: Terrestrial Community Ecology, Entomology (honeybee),
Environmental Fate and Transport, Plant Physiology/Uptake, Residue
Chemistry. Nominees should be scientists who have sufficient
professional qualifications, including training and experience, to be
capable of providing expert comments on the scientific issues for this
meeting. Nominees should be identified by name, occupation, position,
address, and telephone number. Nominations should be provided to the
DFO listed under FOR FURTHER INFORMATION CONTACT on or before August 1,
2012. The Agency will consider all nominations of prospective
candidates for this meeting that are received on or before this date.
However, final selection of ad hoc members for this meeting is a
discretionary function of the Agency.
    The selection of scientists to serve on FIFRA SAP is based on the
function of the panel and the expertise needed to address the Agency's
charge to the panel. No interested scientists shall be ineligible to
serve by reason of their membership on any other advisory committee to
a Federal department or agency or their employment by a Federal
department or agency except the EPA. Other factors considered during
the selection process include availability of the potential panel
member to fully participate in the panel's reviews, absence of any
conflicts of interest or appearance of lack of impartiality,
independence with respect to the matters under review, and lack of
bias. Although, financial conflicts of interest, the appearance of lack
of impartiality, lack of independence, and bias may result in
disqualification, the absence of such concerns does not assure that a
candidate will be selected to serve on FIFRA SAP. Numerous qualified
candidates are identified for each panel. Therefore, selection
decisions involve carefully weighing a number of factors including the
candidates' areas of expertise and professional qualifications and
achieving an overall balance of different scientific perspectives on
the panel. In order to have the collective breadth of experience needed
to address the Agency's charge for this meeting, the Agency anticipates
selecting approximately 8 ad hoc scientists.
    FIFRA SAP members are subject to the provisions of 5 CFR part 2634,
Executive Branch Financial Disclosure, as supplemented by the EPA in 5
CFR part 6401. In anticipation of this requirement, prospective
candidates for service on the FIFRA SAP will be asked to submit
confidential financial

information which shall fully disclose, among other financial
interests, the candidate's employment, stocks and bonds, and where
applicable, sources of research support. The EPA will evaluate the
candidates financial disclosure form to assess whether there are
financial conflicts of interest, appearance of a lack of impartiality
or any prior involvement with the development of the documents under
consideration (including previous scientific peer review) before the
candidate is considered further for service on FIFRA SAP. Those who are
selected from the pool of prospective candidates will be asked to
attend the public meetings and to participate in the discussion of key
issues and assumptions at these meetings. In addition, they will be
asked to review and to help finalize the meeting minutes. The list of
FIFRA SAP members participating at this meeting will be posted on the
FIFRA SAP Web site at http://www.epa.gov/scipoly/sap or may be obtained
from the OPP Regulatory Public Docket at http://www.regulations.gov.

 II. Background

 A. Purpose of FIFRA SAP

    FIFRA SAP serves as the primary scientific peer review mechanism of
EPA's Office of Chemical Safety and Pollution Prevention (OCSPP) and is
structured to provide scientific advice, information and
recommendations to the EPA Administrator on pesticides and pesticide-
related issues as to the impact of regulatory actions on health and the
environment. FIFRA SAP is a Federal advisory committee established in
1975 under FIFRA that operates in accordance with requirements of the
Federal Advisory Committee Act. FIFRA SAP is composed of a permanent
panel consisting of seven members who are appointed by the EPA
Administrator from nominees provided by the National Institutes of
Health and the National Science Foundation. FIFRA, as amended by FQPA,
established a Science Review Board consisting of at least 60 scientists
who are available to the SAP on an ad hoc basis to assist in reviews
conducted by the SAP. As a peer review mechanism, FIFRA SAP provides
comments, evaluations and recommendations to improve the effectiveness
and quality of analyses made by Agency scientists. Members of FIFRA SAP
are scientists who have sufficient professional qualifications,
including training and experience, to provide expert advice and
recommendation to the Agency.

 B. Public Meeting

    This U.S. Environmental Protection Agency (EPA) FIFRA Scientific
Advisory Panel (SAP) meeting will focus on a proposed tiered process
for quantitatively evaluating the potential risk to pollinators (using
honeybees (Apis mellifera) as surrogate) associated with the registered
use of both systemic and non-systemic pesticides and the exposure and
effects data needed to support that process. During this SAP, the EPA
will provide an overview of the proposed tiered process for quantifying
the potential risks of pesticides to honeybees. This overview will
reflect collective efforts with Health Canada Pest Management
Regulatory Agency (PMRA), and California Department of Pesticide
Regulation (CalDPR). This will include an overview of the problem
formulation step, where protection goals are defined, along with the
conceptual model depicting potential routes of exposure and biological
receptors ranging from the individual bee (larvae and adult) to the
whole colony. Consistent with the risk assessment process for other
taxa, the proposed process will consist of a screening-level tier based
on conservative assumptions regarding exposure and laboratory-based
measures of effect and extending to more refined estimates of risk
based on field-based measures of exposure and effects that are more
reflective of how the pesticide may act under actual use conditions.
The proposed process is intended to enhance the ability of EPA, PMRA
and CalDPR to reliably screen chemicals for direct and indirect
effects, specifically on managed honeybee colonies, but EPA will also
request advice from the SAP on the usefulness of this framework for
characterizing potential effects on other, non-Apis pollinators.A
number of sources have reported declines in certain pollinator species
globally. Although a number of factors/agents have been hypothesized as
potential contributors to declines in honey bee health in general, at
this time, no factor has been identified as the single cause. Rather,
the available science suggests that pollinator declines are a result of
multiple factors which may be acting in various combinations. Research
is being directed at identifying the individual and combinations of
stressors that are most strongly associated with pollinator declines.
    While the exact cause(s) of the general decline in pollinator
species have not been determined, potential contributing factors
including diseases, habitat destruction/urbanization, agricultural
practices/monocultures, pesticides, nutrition, and bee management
practices are among the factors being considered. Surveys of managed
migratory bee colonies indicate that a broad range of pesticides have
been detected in hive products (e.g., honey, stored pollen, wax).
Typically, pesticides occur in combination with other pesticides. In
spite of the presence of these compounds in honeybee colonies, at this
time, based on the available research there has been no correlation
between pollinator declines in general and the use of any pesticide or
class of pesticides.
    Although, the role of pesticides in pollinator declines has not
been well established, global experts from different disciplines (e.g.,
chemistry, ecotoxicology and entomologists) and across various sectors
(e.g., government, academia and industry) agree on the need to advance
the science to better assess potential exposure, hazard and risk to
honey bees and other pollinators from pesticides used in agriculture.
The proposed process which the SAP will be asked to consider reflects a
synthesis of domestic and international efforts to develop a means for
quantifying the potential effects of pesticides to bees.
    Consistent with the current risk assessment paradigm used by EPA,
CalDPR, PMRA and other regulatory authorities globally, the proposed
selection of exposure and effects data follows a tiered approach
intended to address specific assessment endpoints of growth, survival
and reproduction. The decision criteria for transitioning to higher
tier testing will also be delineated. The collective aim of the SAP
will be to delineate a process for qualitatively and quantitatively
assessing risks to honeybees and by extension to other insect
pollinators for which honeybees serve as surrogates. The development of
a risk assessment process for honeybees and identification of the data
needed to inform that process relies on a clear articulation of the
problem formulation and risk management goals.

C. FIFRA SAP Documents and Meeting Minutes

    EPA's background paper, related supporting materials, charge/
questions to FIFRA SAP, FIFRA SAP composition (i.e., members and ad hoc
members for this meeting), and the meeting agenda will be available by
approximately mid to late August. In addition, the Agency may provide
additional background documents as the materials become available. You
may obtain electronic copies of these documents, and certain other
related documents that might be available electronically, at http://www.regulations.gov and the FIFRA

SAP homepage at http://www.epa.gov/scipoly/sap.
    FIFRA SAP will prepare meeting minutes summarizing its
recommendations to the Agency approximately 90 days after the meeting.
The meeting minutes will be posted on the FIFRA SAP Web site or may be
obtained from the OPP Regulatory Public Docket at http://www.regulations.gov.

List of Subjects

    Environmental protection, Pesticides and pests.

    Dated: July 10, 2012.
 Frank Sanders,
Director, Office of Science Coordination and Policy.
[FR Doc. 2012-17385 Filed 7-16-12; 8:45 am]
BILLING CODE 6560-50-P


[Federal Register: February 20, 2009 (Volume 74, Number 33)]
[Rules and Regulations]
[Page 7818]
[DOCID:fr20fe09-22]

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DEPARTMENT OF HOMELAND SECURITY

Coast Guard

33 CFR Part 117

[USCG-2009-0054]
RIN 1625-AA09

Drawbridge Operation Regulation; Tennessee River, Decatur, AL

AGENCY: Coast Guard, DHS.

ACTION: Notice of temporary deviation from regulations.

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

SUMMARY: The Commander, Eighth Coast Guard District, has issued a
temporary deviation from the regulation governing the operations of the
Southern Railroad Drawbridge across the Tennessee River, mile 304.4, at
Decatur, Alabama. The deviation is necessary to allow time for
conducting needed maintenance and repairs to the bridge. This deviation
allows the bridge to remain in the closed to navigation position and
not open to vessel traffic.

DATES: This deviation is effective from 8 a.m. to 8 p.m. on February
20, 2009 and from 8 a.m. to 8 p.m. on February 24, 2009.

ADDRESSES: Documents indicated in this preamble as being available in
the docket are part of docket USCG-2009-0054 and are available online
at www.regulations.gov. They are also available for inspections or
copying at two locations: the Docket Management Facility (M-30), U.S.
Department of Transportation, West Building Ground Floor, Room W12-140,
1200 New Jersey Avenue, SE., Washington, DC 20590, between 9 a.m. and 5
p.m., Monday through Friday, except Federal holidays, and the Robert A.
Young Federal Building, Room 2.107f, 1222 Spruce Street, St. Louis, MO
63103-2832, between 8 a.m. and 4 p.m., Monday through Friday, except
Federal holidays

FOR FUTHER INFORMATION CONTACT:  Roger K. Wiebusch, Bridge
Administrator,<PHONE_NUMBER>.

SUPPLEMENTARY INFORMATION: The Norfolk Southern Railway requested a
temporary deviation for the Southern Railroad Drawbridge, across the
Tennessee River, Mile 304.4, at Decatur, Alabama to remain in the
closed to navigation position for two 12 hour periods in order to
facilitate critical bridge maintenance. The Southern Railroad
Drawbridge currently operates in accordance with 33 CFR 117.5, which
states the general requirement that drawbridges shall open promptly and
fully for the passage of vessels when a request to open is given in
accordance with the subpart. In order to facilitate the needed bridge
work, the drawbridge must be kept in the closed-to-navigation position
for two 12 hour periods. This deviation allows the bridge to remain in
the closed to navigation position and not open for vessel traffic from
8 a.m. to 8 p.m. on February 20, 2009 and 8 a.m. to 8 p.m. on February
24, 2009.
    Navigation on the waterway consists primarily of commercial tows
and recreational watercraft and will not be significantly impacted.
    The Southern Railroad Drawbridge navigation span has a vertical
clearance of 10.52 feet above normal pool in the closed to navigation
position. Performing necessary maintenance on the bridge is required to
ensure the continued reliability of the lift span. This temporary
change to the drawbridge's operation has been coordinated with the
commercial waterway operators.
    There are no alternate routes for vessels transiting this section
of the Tennessee River.
    This temporary deviation has been coordinated with waterway users.
No objections were received.

    Dated: February 4, 2009.
Roger K. Wiebusch,
Bridge Administrator, Eighth Coast Guard District (dwb).
[FR Doc. E9-3571 Filed 2-19-09; 8:45 am]

BILLING CODE 4910-15-P


[Federal Register Volume 87, Number 223 (Monday, November 21, 2022)]
[Notices]
[Pages 70875-70880]
[FR Doc No: 2022-25231]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-96315; File No. SR-CBOE-2022-059]

Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of
Filing and Immediate Effectiveness of a Proposed Rule Change To Amend
the Short Term Option Series Program in Rule 4.5(d)

November 15, 2022.
    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 November 14, 2022, Cboe Exchange, Inc. (the ``Exchange'' or
``Cboe Options'') filed with the Securities and Exchange Commission
(the ``Commission'') the proposed rule change as described in Items I
and II below, which Items have been prepared by the Exchange. The
Exchange filed the proposal as a ``non-controversial'' proposed rule
change pursuant to Section 19(b)(3)(A)(iii) of the Act \3\ and Rule
19b-4(f)(6) thereunder.\4\ 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.
    \3\ 15 U.S.C. 78s(b)(3)(A)(iii).
    \4\ 17 CFR 240.19b-4(f)(6).
---------------------------------------------------------------------------

I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change

    Cboe Exchange, Inc. (the ``Exchange'' or ``Cboe Options'') proposes
to amend the Short Term Option Series Program in Rule 4.5(d). The text
of the proposed rule change is provided in Exhibit 5.
    The text of the proposed rule change is also available on the
Exchange's website (http://www.cboe.com/AboutCBOE/CBOELegalRegulatoryHome.aspx), at the Exchange's Office of the
Secretary, and at the Commission's Public Reference Room.

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

    In its filing with the Commission, the Exchange included statements
concerning the purpose of and basis for the proposed rule change and
discussed any comments it received on the proposed rule change. The
text of these statements may be examined at the places specified in
Item IV below. The Exchange has prepared summaries, set forth in
sections A, B, and C below, of the most significant 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 proposes to amend the Short Term Option Series Program
in Rule 4.5(d). Specifically, the Exchange proposes to amend the Short
Term Option Series Program to: (1) limit the number of Short Term
Option Expiration Dates for options on SPDR S&P 500 ETF Trust (SPY),
the INVESCO QQQ TrustSM, Series 1 (QQQ), and iShares Russell 2000 ETF
(IWM) from five to two expirations for Monday and Wednesday
expirations; and (2) expand the Short Term Option Series program to
permit the listing and trading of options series with Tuesday and
Thursday expirations for options on SPY and QQQ listed pursuant to the
Short Term Option Series Program, subject to the same proposed
limitation of two expirations.
Curtail Short Term Option Expiration Dates
    Currently, after an option class has been approved for listing and
trading on the Exchange, the Exchange may open for trading on any
Thursday or Friday that is a business day (``Short Term Option Opening
Date'') series of options on that class that expire at the close of
business on each of the next five Fridays that are business days and
are not Fridays on which monthly options series or Quarterly Options
Series expire (``Short Term Option Expiration Dates''). The Exchange
may have no more than a total of five Short Term Option Expiration
Dates not including any Monday or Wednesday SPY, QQQ, and IWM
Expirations. Further, if the Exchange is not open for business on the
respective Thursday or Friday, the Short Term Option Opening Date will
be the first business day immediately prior to that respective Thursday
or Friday. Similarly, if the Exchange is not open for business on a
Friday, the Short Term Option Expiration Date will be the first
business day immediately prior to that Friday.
    Today, with respect to Wednesday SPY, QQQ, and IWM Expirations, the
Exchange may open for trading on any Tuesday or Wednesday that is a
business day series of options on SPY, QQQ, and IWM to expire on any
Wednesday of the month that is a business day and is not a Wednesday in
which Quarterly Options Series expire (``Wednesday SPY Expirations,''
``Wednesday QQQ Expirations,'' and ``Wednesday IWM Expirations''). With
respect to Monday SPY, QQQ, and IWM Expirations, the Exchange may open
for trading on any Friday or Monday that is a business day series of
options on the SPY, QQQ, or IWM to expire on any Monday of the month
that is a business day and is not a Monday in which Quarterly Options
Series expire (``Monday SPY Expirations,'' ``Monday QQQ Expirations,''
and ``Monday IWM Expirations''), provided that Monday SPY Expirations,
Monday QQQ Expirations, and Monday IWM Expirations that are listed on a
Friday must be listed at least one business week and one business day
prior to the expiration. The Exchange may list up to five consecutive
Wednesday SPY Expirations, Wednesday QQQ Expirations, and Wednesday IWM
Expirations and five consecutive Monday SPY Expirations, Monday QQQ
Expirations, and Monday IWM Expirations at one time; the Exchange may
have no more than a total of five each of Wednesday SPY Expirations,
Wednesday QQQ Expirations, and Wednesday IWM Expirations and a total of
five each of Monday SPY Expirations, Monday QQQ Expirations, and Monday
IWM Expirations. Monday and Wednesday SPY Expirations, Monday and
Wednesday QQQ Expirations, and Monday and Wednesday IWM Expirations
will be subject to the provisions of Rule 4.5(d).
Proposal
    At this time, the Exchange proposes to curtail the number of Short
Term Option Expiration Dates from five to two \5\ for SPY, QQQ and IWM
for Monday and Wednesday Expirations, as well as the proposed Tuesday
and

Thursday Expirations in SPY and QQQ (``Short Term Option Daily
Expirations''). The Exchange proposes to create a new category of Short
Term Option Expirations Dates called ``Short Term Option Daily
Expirations,'' which will only permit two Short Term Option Expiration
Dates for each of Monday, Tuesday, Wednesday, and Thursday expirations
at one time. The Exchange proposes to include a table, labelled ``Table
1'', within Rule 4.5(d), which specifies each symbol that qualifies as
a Short Term Option Daily Expiration. The table would note the number
of expirations for each symbol as well as expiration days. The Exchange
proposes to include Monday and Wednesday expirations for SPY, QQQ, and
IWM and Tuesday and Thursday expirations for SPY and QQQ and list the
number of expirations as ``2'' for these symbols. The Exchange's
proposal to permit Tuesday and Thursday expirations for options on SPY
and QQQ listed pursuant to the Short Term Option Series Program is
explained below in more detail. In the event Short Term Option Daily
Expirations expire on the same day in the same class as a monthly
options series or a Quarterly Options Series, the Exchange would skip
that week's listing and instead list the following week; the two weeks
of Short Term Option Expiration Dates would therefore not be
consecutive. Specifically, the Exchange proposes to state within Rule
4.5(d):
---------------------------------------------------------------------------

    \5\ The Exchange proposes to list the two front months for Short
Term Option Daily Expirations.

    In addition to the above, the Exchange may open for trading
series of options on the symbols provided in Table 1 below that
expire at the close of business on each of the next two Mondays,
Tuesdays, Wednesdays, and Thursdays, respectively, that are business
days and are not business days on which monthly options series or
Quarterly Options Series expire (``Short Term Option Daily
Expirations''). The Exchange may have no more than a total of two
Short Term Option Daily Expirations for each of Monday, Tuesday,
Wednesday, and Thursday expirations at one time. Short Term Option
---------------------------------------------------------------------------
Daily Expirations would be subject to this paragraph (d).

    SPY, QQQ, and IWM Friday expirations and other option symbols
expiring on a Friday that are not noted in Table 1 will continue to
have a total of five Short Term Option Expiration Dates provided those
Friday expirations are not Fridays on which monthly options series or
Quarterly Options Series expire (``Friday Short Term Option Expiration
Dates''). These expirations would be referred to as ``Short Term Option
Weekly Expirations'' to distinguish them from the proposed expirations
that would be subject to Short Term Option Daily Expirations. The
Exchange proposes to add rule text to Rule 4.5(d), which states that
Monday Short Term Option Expiration Dates, Tuesday Short Term Option
Expiration Dates, Wednesday Short Term Option Expiration Dates, and
Thursday Short Term Option Expiration Dates, together with Friday Short
Term Option Expiration Dates, are collectively ``Short Term Option
Expiration Dates.'' \6\
---------------------------------------------------------------------------

    \6\ Defining the term ``Short Term Option Expiration Dates''
will make clear that this term includes expiration dates for each
day Short Term Options are listed.
---------------------------------------------------------------------------

Tuesday and Thursday Expirations
    At this time, the Exchange proposes to expand the Short Term Option
Series Program to permit the listing and trading of no more than a
total of two consecutive Tuesday and Thursday ``Tuesday Short Term
Option Daily Expirations'' and ``Thursday Short Term Option Daily
Expirations'' each for SPY and QQQ at one time. Tuesday and Thursday
Short Term Option Daily Expirations would be subject to Rule 4.5(d).
    Currently, series listed pursuant to the Short Term Option Series
program are series in an option class that is approved for listing and
trading on the Exchange in which the series opened for trading on any
Monday, Tuesday, Wednesday, Thursday, or Friday (as applicable) that is
a business day and that expires on the Monday, Wednesday, or Friday of
the following business week that is a business day, or, in the case of
a series that is listed on a Friday and expires on a Monday, is listed
one business week and one business day prior to that expiration. If a
Tuesday, Wednesday, Thursday, or Friday is not a business day, the
series may be opened (or will expire) on the first business day
immediately prior to that Tuesday, Wednesday, Thursday, or Friday. For
a series listed pursuant to Rule 4.5(d) for Monday expiration, if a
Monday is not a business day, the series will expire on the first
business day immediately following that Monday.\7\
---------------------------------------------------------------------------

    \7\ See current Rule 4.5(d).
---------------------------------------------------------------------------

    The Exchange proposes changes within Rule 4.5(d), which sets forth
the requirements for SPY and QQQ options that are listed pursuant to
the Short Term Option Series Program as Short Term Option Daily
Expirations, to accommodate the listing of options series that expire
on Tuesdays and Thursdays. Similar to Monday and Wednesday SPY, QQQ,
and IWM Short Term Option Daily Expirations within Rule 4.5(d), the
Exchange proposes that it may open for trading on any Monday or Tuesday
that is a business day series of options on the symbols provided in
Table 1 that expire at the close of business on each of the next two
Tuesdays that are business days and are not business days in which
monthly options series or Quarterly Options Series expire (``Tuesday
Short Term Option Expiration Date'').
    Likewise, the Exchange proposes that it may open for trading on any
Wednesday or Thursday that is a business day series of options on
symbols provided in Table 1 that expire at the close of business on
each of the next two Thursdays that are business days and are not
business days in which monthly options series or Quarterly Options
Series expire (``Thursday Short Term Option Expiration Date'').
    In the event that options on SPY and QQQ expire on a Tuesday or
Thursday and that Tuesday or Thursday is the same day that a monthly
option series or Quarterly Options Series expires, the Exchange would
skip that week's listing and instead list the following week; the two
weeks would therefore not be consecutive. Today, Monday and Wednesday
Expirations in SPY, QQQ, and IWM skip the weekly listing in the event
the weekly listing expires on the same day in the same class as a
Quarterly Options Series. Currently, there is no rule text provision
that states that Monday and Wednesday Expirations in SPY, QQQ, and IWM
skip the weekly listing in the event the weekly listing expires on the
same day in the same class as a monthly option series. Practically
speaking, Monday and Wednesday Expirations in SPY, QQQ, and IWM would
not expire on the same day as a monthly expiration.
    The interval between strike prices for the proposed Tuesday and
Thursday SPY and QQQ Short Term Option Daily Expirations will be the
same as those for the current Short Term Option Series for Monday,
Wednesday, and Friday expirations applicable to the Short Term Option
Series Program.\8\ Specifically, the Tuesday and Thursday SPY and QQQ
Short Term Option Daily Expirations will have a $0.50 strike interval
minimum.\9\ As is the case with other equity options series listed
pursuant to the Short Term Option Series Program, the Tuesday and
Thursday SPY and QQQ Short Term Option Daily Expiration series will be
P.M.-settled.
---------------------------------------------------------------------------

    \8\ See Rule 4.5(d)(5).
    \9\ See id.
---------------------------------------------------------------------------

    Pursuant to proposed Rule 4.5(d), with respect to the Short Term
Option Series Program, a Tuesday or Thursday expiration series will
expire on the first business day immediately prior to that

Tuesday or Thursday, e.g., Monday or Wednesday of that week,
respectively, if the Tuesday or Thursday is not a business day.
    Currently, for each option class eligible for participation in the
Short Term Option Series Program, the Exchange is limited to opening
thirty (30) series for each expiration date for the specific class.\10\
The thirty (30) series restriction does not include series that are
open by other securities exchanges under their respective weekly rules;
the Exchange may list these additional series that are listed by other
options exchanges.\11\ This thirty (30) series restriction would apply
to Tuesday and Thursday SPY and QQQ Short Term Option Daily Expiration
series as well. In addition, the Exchange will be able to list series
that are listed by other exchanges, assuming they file similar rules
with the Commission to list SPY and QQQ options expiring on Tuesdays
and Thursdays with a limit of two Tuesday Short Term Daily Expirations
and two Thursday Short Term Daily Expirations.
---------------------------------------------------------------------------

    \10\ See Rule 4.5(d)(1).
    \11\ See id.
---------------------------------------------------------------------------

    Finally, the Exchange is amending Rule 4.5(d)(2) to conform the
rule text to the usage of the term ``Short Term Option Daily
Expirations.'' Today, with the exception of Monday and Wednesday SPY
Expirations, Monday and Wednesday QQQ Expirations, and Monday and
Wednesday IWM Expirations, no Short Term Option Series may expire in
the same week in which monthly option series on the same class expire.
With this proposal, Tuesday and Thursday SPY Expirations and Tuesday
and Thursday QQQ Expirations would be treated similarly to existing
Monday and Wednesday SPY, QQQ, and IWM Expirations. With respect to
monthly option series, Short Term Option Daily Expirations will be
permitted to expire in the same week in which monthly option series in
the same class expire. Not listing Short Term Option Daily Expirations
for one week every month because there was a monthly on that same class
on the Friday of that week would create investor confusion. Further, as
with Monday and Wednesday SPY, QQQ, and IWM Expirations, the Exchange
would not permit Tuesday and Thursday Short Term Option Daily
Expirations to expire on a business day in which monthly options series
or Quarterly Options Series expire.\12\ Therefore, all Short Term
Option Daily Expirations would expire at the close of business on each
of the next two Mondays, Tuesdays, Wednesdays, and Thursdays,
respectively, that are business days and are not business days on which
monthly options series or Quarterly Options Series expire. The Exchange
believes that it is reasonable to not permit two expirations on the
same day in which a monthly options series or a Quarterly Options
Series would expire.
---------------------------------------------------------------------------

    \12\ While the Exchange proposes to add rule text within Rule
4.5(d) with respect to Monday Expirations, Tuesday Expirations, and
Wednesdays Expirations stating that those expirations would not
expire on business days that are business days on which monthly
options series expire, practically speaking this would not occur.
---------------------------------------------------------------------------

    The Exchange does not believe that any market disruptions will be
encountered with the introduction of P.M.-settled Tuesday and Thursday
Short Term Option Daily Expirations. The Exchange has the necessary
capacity and surveillance programs in place to support and properly
monitor trading in the proposed Tuesday and Thursday Short Term Option
Daily Expirations. The Exchange currently trades P.M.-settled Short
Term Option Series that expire Monday and Wednesday for SPY, QQQ and
IWM and has not experienced any market disruptions nor issues with
capacity. Today, the Exchange has surveillance programs in place to
support and properly monitor trading in Short Term Option Series that
expire Monday and Wednesday for SPY, QQQ and IWM.
Impact of Proposal
    The Exchange notes that listings in the Short Term Option Series
Program comprise a significant part of the standard listing in options
markets. The below tables sets forth the percentage of weekly listings
as compared to monthly, quarterly, and Long-Term Option Series in 2020
and 2022 in the options industry.\13\ The weekly strikes decreased from
24% to 19% in these two years. The Exchange notes that during this
timeframe, all options exchanges mitigated weekly strike intervals.
---------------------------------------------------------------------------

    \13\ Per Nasdaq ISE, LLC (``Nasdaq ISE''), this information was
sourced from The Options Clearing Corporation (``OCC''). The
information includes time averaged data for all 16 options markets
up to August 18, 2022. See Securities Exchange Act Release No. 95841
(September 20, 2022), 87 FR 58399 (September 26, 2022) (SR-ISE-2022-
18).

                         Number of Strikes--2020
------------------------------------------------------------------------
                                                              Percent of
                         Expiration                              total
                                                                series
------------------------------------------------------------------------
Monthly.....................................................          59
Weekly......................................................          24
LEAP........................................................          16
Quarterly...................................................           1
------------------------------------------------------------------------

                         Number of Strikes--2022
------------------------------------------------------------------------
                                                              Percent of
                         Expiration                              total
                                                                series
------------------------------------------------------------------------
Monthly.....................................................          64
Weekly......................................................          19
LEAP........................................................          17
Quarterly...................................................           0
------------------------------------------------------------------------

    By limiting the number of Short Term Option Daily Expirations for
SPY, QQQ, and IWM to two expirations for Monday and Wednesday
expirations, and expanding the Short Term Option Series Program to
permit Tuesday and Thursday expirations for SPY and QQQ, the Exchange
anticipates that it would overall reduce the number of weekly
expiration dates. With respect to SPY, the reduction from five to two
expirations will reduce 11.80% of strikes on SPY with Monday and
Wednesday expirations. With respect to QQQ, the reduction from five to
two expirations will reduce 12.86% of strikes on QQQ with Monday and
Wednesday expirations. With respect to IWM, the reduction from five to
two expirations will reduce 11.86% of strikes on IWM with Monday and
Wednesday expirations. Additionally, expanding the Short Term Option
Series Program to permit the listing of Tuesday and Thursday
expirations in SPY and QQQ will account for the addition of 7.86% of
strikes in SPY and the addition of 8.57% of strikes in QQQ. Therefore,
the total net reduction would be 3.94% for SPY and 4.29% for QQQ.\14\
The overall reduction offered by this proposal reduces the number of
Short Term Option Expirations to be listed on the Exchange and should
encourage Market-Makers to continue to deploy capital more efficiently
and improve displayed market quality.\15\ Also, the Exchange's proposal
curtails the number of expirations in SPY, QQQ, and IWM without
reducing the classes of options available for trading on the Exchange.
The Exchange believes that despite the proposed curtailment of
expirations, Trading Permit Holders will continue to be able to expand
hedging tools because all days of the week would be available to permit
Trading Permit Holders to tailor their investment and hedging needs
more effectively in SPY and QQQ.
---------------------------------------------------------------------------

    \14\ Nasdaq ISE sourced this information, which are estimates,
from LiveVol[supreg]. The information includes data for all 16
options markets as of August 18, 2022. See id.
    \15\ Market-Makers (including Lead Market-Makers, Designated
Primary Market-Makers, and Preferred Market-Makers) are required to
quote a specified time in their assigned options series. See Rules
5.52, 5.54, 5.55, and 5.56.

                            Total Volume--2022
                           [Through August 18]
------------------------------------------------------------------------
                                                              Percent of
                         Expiration                              total
                                                                series
------------------------------------------------------------------------
Monthly.....................................................          39
Weekly......................................................          48
LEAP........................................................          12
Quarterly...................................................           1
------------------------------------------------------------------------

    Weeklies comprise 48% of the total volume of options listings.\16\
The Exchange believes that inner weeklies represent high volume as
compared to outer weeklies and would be more attractive to market
participants. Similar to SPY, QQQ and IWM Monday and Wednesday
Expirations, the introduction of SPY and QQQ Tuesday and Thursday
expirations will, among other things, expand hedging tools available to
market participants and continue the reduction of the premium cost of
buying protection. The Exchange believes that SPY and QQQ Tuesday and
Thursday expirations will allow market participants to purchase SPY and
QQQ options based on their timing as needed and allow them to tailor
their investment and hedging needs more effectively.
---------------------------------------------------------------------------

    \16\ This table sets forth industry volume. Weeklies comprise
48% of volume while only being 19% of the strikes. Nasdaq ISE
sourced this information from OCC. The information includes data for
all 16 options markets as of August 18, 2022. See Securities
Exchange Act Release No. 95841 (September 20, 2022), 87 FR 58399
(September 26, 2022) (SR-ISE-2022-18)
---------------------------------------------------------------------------

Implementation
    The Exchange proposes to implement this rule change on November 14,
2022. The Exchange will issue an Exchange Notice to notify Trading
Permit Holders of the implementation date. Notwithstanding this
implementation, Monday and Wednesday Expirations in SPY, QQQ, and IWM
that were listed prior to the date of implementation will continue to
be listed on the Exchange until those options expire pursuant to
current Short Term Option Series rules within Rule 4.5(d).
2. Statutory Basis
    The Exchange believes the proposed rule change is consistent with
the Securities Exchange Act of 1934 (the ``Act'') and the rules and
regulations thereunder applicable to the Exchange and, in particular,
the requirements of Section 6(b) of the Act.\17\ Specifically, the
Exchange believes the proposed rule change is consistent with the
Section 6(b)(5) \18\ 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) \19\ requirement that the rules of an exchange not be
designed to permit unfair discrimination between customers, issuers,
brokers, or dealers.
---------------------------------------------------------------------------

    \17\ 15 U.S.C. 78f(b).
    \18\ 15 U.S.C. 78f(b)(5).
    \19\ Id.
---------------------------------------------------------------------------

    The proposal is consistent with the Act as the overall reduction
offered by this proposal reduces the number of Short Term Option
Expirations to be listed on the Exchange. This reduction would remove
impediments to and perfect the mechanism of a free and open market by
encouraging Market-Makers to continue to deploy capital more
efficiently and improve displayed market quality.\20\ Also, the
Exchange's proposal curtails the number of Monday, Tuesday, Wednesday,
and Thursday expirations in SPY, QQQ, and IWM without reducing the
classes of options available for trading on the Exchange. The Exchange
believes that despite the proposed curtailment of expirations, Trading
Permit Holders will continue to be able to expand hedging tools and
tailor their investment and hedging needs more effectively in SPY, QQQ,
and IWM.
---------------------------------------------------------------------------

    \20\ Market-Makers (including Lead Market-Makers, Designated
Primary Market-Makers, and Preferred Market-Makers) are required to
quote a specified time in their assigned options series. See Rules
5.52, 5.54, 5.55, and 5.56.
---------------------------------------------------------------------------

    Similar to SPY, QQQ, and IWM Monday and Wednesday Expirations
(proposed to be SPY, QQQ and IWM Monday and Wednesday Short Term Daily
Expirations), the introduction of SPY and QQQ Tuesday and Thursday
Short Term Daily Expirations is consistent with the Act as it will,
among other things, expand hedging tools available to market
participants and continue the reduction of the premium cost of buying
protection. The Exchange believes that SPY and QQQ Tuesday and Thursday
expirations (proposed to be SPY and QQQ Tuesday and Thursday Short Term
Daily Expirations) will allow market participants to purchase SPY and
QQQ options based on their timing as needed and allow them to tailor
their investment and hedging needs more effectively. Further, the
proposal to permit Tuesday and Thursday Short Term Daily Expirations
for options on SPY and QQQ listed pursuant to the Short Term Option
Series Program, subject to the proposed limitation of two expirations,
would protect investors and the public interest by providing the
investing public and other market participants more flexibility to
closely tailor their investment and hedging decisions in SPY and QQQ
options, thus allowing them to better manage their risk exposure.
    In particular, the Exchange believes the Short Term Option Series
Program has been successful to date and that Tuesday and Thursday SPY
and QQQ Short Term Daily Expirations should simply expand the ability
of investors to hedge risk against market movements stemming from
economic releases or market events that occur throughout the month in
the same way that the Short Term Option Series Program has expanded the
landscape of hedging. Similarly, the Exchange believes Tuesday and
Thursday SPY and QQQ Short Term Daily Expirations should create greater
trading and hedging opportunities and flexibility and will provide
customers with the ability to tailor their investment objectives more
effectively. The Exchange currently lists Monday and Wednesday SPY,
QQQ, and IWM Expirations (proposed to be SPY, QQQ, and IWM Monday and
Wednesday Short Term Daily Expirations).\21\
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    \21\ See Rule 4.5(d).
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    Today, with the exception of Monday and Wednesday SPY Expirations,
Monday and Wednesday QQQ Expirations, and Monday and Wednesday IWM
Expirations, no Short Term Option Series may expire in the same week in
which monthly option series on the same class expire. With this
proposal, Tuesday and Thursday SPY Expirations and Tuesday and Thursday
QQQ Expirations would be treated similarly to existing Monday and
Wednesday SPY, QQQ, and IWM Expirations. The Exchange believes that
permitting Short Term Option Daily Expirations to expire in the same
week that standard monthly options expire on Fridays is consistent with
Act. Not listing Short Term Option Daily Expirations for one week every
month because there was a monthly on that same class on the Friday of
that week would create investor confusion.
    Further, as with Monday and Wednesday SPY, QQQ, and IWM
Expirations, the Exchange would not permit Tuesday and Thursday Short
Term Option Daily Expirations to expire on a business day in which
monthly

options series or Quarterly Options Series expire. Therefore, all Short
Term Option Daily Expirations would expire at the close of business on
each of the next two Mondays, Tuesdays, Wednesdays, and Thursdays,
respectively, that are business days and are not business days in which
monthly options series or Quarterly Options Series expire. The Exchange
believes that it is consistent with the Act to not permit two
expirations on the same day in which a monthly options series or a
Quarterly Options Series would expire similar to Monday and Wednesday
SPY, QQQ, and IWM Expirations.
    There are no material differences in the treatment of Wednesday SPY
and QQQ expirations for Short Term Option Series as compared to the
proposed Tuesday and Thursday SPY and QQQ Short Term Daily Expirations.
Given the similarities between Wednesday SPY, QQQ and IWM Expirations
and the proposed Tuesday and Thursday SPY and QQQ Short Term Daily
Expirations, the Exchange believes that applying the provisions in Rule
4.5(d) that currently apply to Wednesday SPY, QQQ and IWM Expirations
to Tuesday and Thursday SPY and QQQ Short Term Daily Expirations is
justified.
    The Exchange further represents that it has an adequate
surveillance program in place to detect manipulative trading in the
proposed Tuesday and Thursday SPY and QQQ Short Term Daily Expirations,
in the same way that it monitors trading in the current Short Term
Option Series and trading in Monday and Wednesday SPY, QQQ, and IWM
Expirations. The Exchange also represents that it has the necessary
systems capacity to support the new options series. Finally, the
Exchange does not believe that any market disruptions will be
encountered with the introduction of Tuesday and Thursday SPY and QQQ
Short Term Daily Expirations.
    Finally, the Exchange notes the proposed rule change is
substantively the same as a rule change proposed by ISE, which the
Commission recently approved.\22\
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    \22\ See Securities and Exchange Act Release No. 96281 (November
9, 2022) (SR-ISE-2022-18).
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B. Self-Regulatory Organization's Statement on Burden on Competition

    The Exchange does not believe that the proposed rule change will
impose any burden on competition that is not necessary or appropriate
in furtherance of the purposes of the Act. The proposal will provide an
overall reduction in the number of Short Term Option Expirations to be
listed on the Exchange. The Exchange believes this reduction will not
impose an undue burden on competition, rather, it should encourage
Market-Makers to continue to deploy capital more efficiently and
improve displayed market quality.\23\ Also, the Exchange's proposal
curtails the number of weekly expirations in SPY, QQQ, and IWM without
reducing the classes of options available for trading on the Exchange.
The Exchange believes that despite the proposed curtailment of weekly
expirations, Trading Permit Holders will continue to be able to expand
hedging tools and tailor their investment and hedging needs more
effectively in SPY, QQQ, and IWM.
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    \23\ Market-Makers (including Lead Market-Makers, Designated
Primary Market-Makers, and Preferred Market-Makers) are required to
quote a specified time in their assigned options series. See Rules
5.52, 5.54, 5.55, and 5.56.
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    Similar to SPY, QQQ and IWM Monday and Wednesday Expirations, the
Exchange believes the introduction of SPY and QQQ Tuesday and Thursday
Short Term Daily Expirations will not impose an undue burden on
competition. The Exchange believes that it will, among other things,
expand hedging tools available to market participants and continue the
reduction of the premium cost of buying protection. The Exchange
believes that SPY and QQQ Tuesday and Thursday Short Term Daily
Expirations will allow market participants to purchase SPY and QQQ
options based on their timing as needed and allow them to tailor their
investment and hedging needs more effectively. The Exchange does not
believe the proposal will impose any burden on intermarket competition,
as nothing prevents the other options exchanges from proposing similar
rules to list and trade Short-Term Option Series with Tuesday and
Thursday Short Term Daily Expirations. The Exchange notes that having
Tuesday and Thursday SPY and QQQ expirations is not a novel proposal,
as Wednesday SPY, QQQ and IWM Expirations are currently listed on the
Exchange.\24\ Additionally, as noted above, the Commission recently
approved a substantively identical proposal of another exchange.\25\
Further, the Exchange does not believe the proposal will impose any
burden on intramarket competition, as all market participants will be
treated in the same manner under this proposal.
---------------------------------------------------------------------------

    \24\ See Rule 4.5(d).
    \25\ See Securities and Exchange Act Release No. 96281 (November
9, 2022) (SR-ISE-2022-18).
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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

    The Exchange has filed the proposed rule change pursuant to Section
19(b)(3)(A)(iii) of the Act \26\ and Rule 19b-4(f)(6) thereunder.\27\
Because the foregoing 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, it has become effective pursuant to
Section 19(b)(3)(A)(iii) of the Act \28\ and subparagraph (f)(6) of
Rule 19b-4 thereunder.\29\ The Commission notes that it recently
approved Nasdaq ISE's substantially similar proposal.\30\ The Exchange
has stated that waiver of the 30-day operative delay will allow the
Exchange to implement the proposal at the same time as competitor
exchanges. For these reasons, the Commission believes that the proposed
rule change presents no novel issues and that waiver of the 30-day
operative delay is consistent with the protection of investors and the
public interest. Accordingly, the Commission hereby waives the
operative delay and designates the proposed rule change operative upon
filing.\31\
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    \26\ 15 U.S.C. 78s(b)(3)(A)(iii).
    \27\ 17 CFR 240.19b-4(f)(6).
    \28\ 15 U.S.C. 78s(b)(3)(A)(iii).
    \29\ 17 CFR 240.19b-4(f)(6). In addition, Rule 19b-4(f)(6)(iii)
requires a self-regulatory organization to give the Commission
written notice of its intent to file the proposed rule change, along
with a brief description and text of the proposed rule change, at
least five business days prior to the date of filing of the proposed
rule change, or such shorter time as designated by the Commission.
The Exchange has satisfied this requirement.
    \30\ See Securities Exchange Act Release No. 96281 (November 9,
2022) (SR-ISE-2022-18).
    \31\ For purposes only of waiving the 30-day operative delay,
the Commission has also considered the proposed rule's impact on
efficiency, competition, and capital formation. See 15 U.S.C.
78c(f).
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    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 shall institute
proceedings to determine whether the proposed rule should be approved
or disapproved.

IV. Solicitation of Comments

    Interested persons are invited to submit written data, views and
arguments concerning the foregoing, including whether the proposed rule
change is consistent with the Act. Comments may be submitted by any of
the following methods:

Electronic Comments

     Use the Commission's internet comment form (http://www.sec.gov/rules/sro.shtml); or
     Send an email to [email protected]. Please include
File Number SR-CBOE-2022-059 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-2022-059. This file
number should be included on the subject line if email is used. To help
the Commission process and review your comments more efficiently,
please use only one method. The Commission will post all comments on
the Commission's internet website (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 website viewing and printing in
the Commission's Public Reference Room, 100 F Street NE, Washington, DC
20549, on official business days between the hours of 10:00 a.m. and
3:00 p.m. Copies of 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. Persons submitting comments are
cautioned that we do not redact or edit personal identifying
information from comment submissions. You should submit only
information that you wish to make available publicly. All submissions
should refer to File Number SR-CBOE-2022-059 and should be submitted on
or before December 12, 2022.
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    \32\ 17 CFR 200.30-3(a)(12), (59).

    For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\32\
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2022-25231 Filed 11-18-22; 8:45 am]
BILLING CODE 8011-01-P


[Federal Register Volume 87, Number 203 (Friday, October 21, 2022)]
[Notices]
[Pages 64027-64028]
[FR Doc No: 2022-22916]

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DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission

[Docket No. CP23-2-000]

Florida Gas Transmission Company, LLC; Notice of Request Under
Blanket Authorization and Establishing Intervention and Protest
Deadline

    Take notice that on October 11, 2022, Florida Gas Transmission
Company, LLC (FGT), 1300 Main St., Houston, Texas 77002, filed a prior
notice request pursuant to sections 157.205, 157.208, and 157.210 of
the Federal Energy Regulatory Commission's (Commission) regulations,
for authorization to increase its mainline capacity, replace and uprate
an Electric Motor Drive and related appurtenances on compressor unit
1111, for the proposed Southwest Alabama Project II at FGT's existing
Compressor Station 11, in Mobile County, Alabama. Specifically, FGT
proposes to provide incremental interstate gas from an existing receipt
point in George County, Mississippi, to an existing delivery point in
Escambia County, Alabama. FGT proposes to complete these facilities
under authorities granted by its blanket certificate issued in Docket
No. CP82-553-000, all as more fully set forth in the application which
is on file with the Commission and open to public inspection.
    In addition to publishing the full text of this document in the
Federal Register, the Commission provides all interested persons an
opportunity to view and/or print the contents of this document via the
internet through the Commission's Home Page (http://ferc.gov) using the
``eLibrary'' link. Enter the docket number excluding the last three
digits in the docket number field to access the document. At this time,
the Commission has suspended access to the Commission's Public
Reference Room, due to the proclamation declaring a National Emergency
concerning the Novel Coronavirus Disease (COVID-19), issued by the
President on March 13, 2020. For assistance, contact the Federal Energy
Regulatory Commission at [email protected] or call toll-free,
(886) 208-3676 or TYY,<PHONE_NUMBER>.
    Any questions concerning this application should be directed to
Blair Lichtenwalter, Senior Director of Certificates, Florida Gas
Transmission Company, LLC, 1300 Main St., Houston, Texas, 77002, at
(713) 989-2605, or fax<PHONE_NUMBER>, or via email to
[email protected].
    Pursuant to Section 157.9 of the Commission's Rules of Practice and
Procedure,\1\ within 90 days of this Notice the Commission staff will
either: complete its environmental review and place it into the
Commission's public record (eLibrary) for this proceeding; or issue a
Notice of Schedule for Environmental Review. If a Notice of Schedule
for Environmental Review is issued, it will indicate, among other
milestones, the anticipated date for the Commission staff's issuance of
the final environmental impact statement (FEIS) or environmental
assessment (EA) for this proposal. The filing of an EA in the
Commission's public record for this proceeding or the issuance of a
Notice of Schedule for Environmental Review will serve to notify
federal and state agencies of the timing for the completion of all
necessary reviews, and the subsequent need to complete all federal
authorizations within 90 days of the date of issuance of the Commission
staff's FEIS or EA.
---------------------------------------------------------------------------

    \1\ 18 CFR (Code of Federal Regulations) 157.9.
---------------------------------------------------------------------------

Public Participation

    There are three ways to become involved in the Commission's review
of this project: you can file a protest to the project, you can file a
motion to intervene in the proceeding, and you can file comments on the
project. There is no fee or cost for filing protests, motions to
intervene, or comments. The deadline for filing protests, motions to
intervene, and comments is 5:00 p.m. Eastern Time on December 16, 2022.
How to file protests, motions to intervene, and comments is explained
below.

Protests

    Pursuant to section 157.205 of the Commission's regulations under
the NGA,\2\ any person \3\ or the Commission's staff may file a protest
to the request. If no protest is filed within the time allowed or if a
protest is filed and then withdrawn within 30 days after the allowed
time for filing a protest, the proposed activity shall be deemed to be
authorized effective the day after the time allowed for protest. If a
protest is filed and not withdrawn within 30 days after the time
allowed for filing a protest, the instant request for authorization
will be considered by the Commission.
---------------------------------------------------------------------------

    \2\ 18 CFR 157.205.
    \3\ Persons include individuals, organizations, businesses,
municipalities, and other entities. 18 CFR 385.102(d).
---------------------------------------------------------------------------

    Protests must comply with the requirements specified in section
157.205(e) of the Commission's regulations,\4\ and must be submitted by
the protest deadline, which is December 16, 2022. A protest may also
serve as a motion to intervene so long as the protestor states it also
seeks to be an intervenor.
---------------------------------------------------------------------------

    \4\ 18 CFR 157.205(e).
---------------------------------------------------------------------------

Interventions

    Any person has the option to file a motion to intervene in this
proceeding. Only intervenors have the right to request rehearing of
Commission orders issued in this proceeding and to subsequently
challenge the Commission's orders in the U.S. Circuit Courts of Appeal.
    To intervene, you must submit a motion to intervene to the
Commission in accordance with Rule 214 of the Commission's Rules of
Practice and Procedure \5\ and the regulations under the NGA \6\ by the
intervention deadline for the project, which is December 16, 2022. As
described further in Rule 214, your motion to intervene must state, to
the extent known, your position regarding the proceeding, as well as
your interest in the proceeding. For an individual, this could include
your status as a landowner, ratepayer, resident of an impacted
community, or recreationist. You do not need to have property directly
impacted by the project in order to intervene. For more information
about motions to intervene, refer to the FERC website at https://www.ferc.gov/resources/guides/how-to/intervene.asp.
---------------------------------------------------------------------------

    \5\ 18 CFR 385.214.
    \6\ 18 CFR 157.10.
---------------------------------------------------------------------------

    All timely, unopposed motions to intervene are automatically
granted by operation of Rule 214(c)(1). Motions to intervene that are
filed after the intervention deadline are untimely and may be denied.
Any late-filed motion to intervene must show good cause for being late
and must explain why the time limitation should be waived and provide
justification by reference to factors set forth in Rule 214(d) of the
Commission's Rules and Regulations. A person obtaining party status
will be placed on the service list maintained by the Secretary of the
Commission and will receive copies (paper or electronic) of all
documents filed by the applicant and by all other parties.

Comments

    Any person wishing to comment on the project may do so. The
Commission considers all comments received about the project in
determining the appropriate action to be taken. To ensure that your
comments are timely and properly recorded, please submit your comments
on or before December 16, 2022. The filing of a comment alone will not
serve to make the filer a party to the proceeding. To become a party,
you must intervene in the proceeding.

How To File Protests, Interventions, and Comments

    There are two ways to submit protests, motions to intervene, and
comments. In both instances, please reference the Project docket number
CP23-2-000 in your submission.
    (1) You may file your protest, motion to intervene, and comments by
using the Commission's eFiling feature, which is located on the
Commission's website (www.ferc.gov) under the link to Documents and
Filings. New eFiling users must first create an account by clicking on
``eRegister.'' You will be asked to select the type of filing you are
making; first select General'' and then select ``Protest'',
``Intervention'', or ``Comment on a Filing''; or \7\
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    \7\ Additionally, you may file your comments electronically by
using the eComment feature, which is located on the Commission's
website at www.ferc.gov under the link to Documents and Filings.
Using eComment is an easy method for interested persons to submit
brief, text-only comments on a project.
---------------------------------------------------------------------------

    (2) You can file a paper copy of your submission by mailing it to
the address below. Your submission must reference the Project docket
number CP23-2-000.
    To mail via USPS, use the following address: Kimberly D. Bose,
Secretary, Federal Energy Regulatory Commission, 888 First Street NE,
Washington, DC 20426.
    To mail via any other courier, use the following address: Kimberly
D. Bose, Secretary, Federal Energy Regulatory Commission, 12225 Wilkins
Avenue, Rockville, Maryland 20852.
    The Commission encourages electronic filing of submissions (option
1 above) and has eFiling staff available to assist you at (202) 502-
8258 or [email protected]
    Protests and motions to intervene must be served on the applicant
either by mail or email (with a link to the document) at: Blair
Lichtenwalter, Senior Director of Certificates, Florida Gas
Transmission Company, LLC, 1300 Main St., Houston, Texas, 77002, or via
email to [email protected].
    Any subsequent submissions by an intervenor must be served on the
applicant and all other parties to the proceeding. Contact information
for parties can be downloaded from the service list at the eService
link on FERC Online.

Tracking the Proceeding

    Throughout the proceeding, additional information about the project
will be available from the Commission's Office of External Affairs, at
(866) 208-FERC, or on the FERC website at www.ferc.gov using the
``eLibrary'' link as described above. The eLibrary link also provides
access to the texts of all formal documents issued by the Commission,
such as orders, notices, and rulemakings.
    In addition, the Commission offers a free service called
eSubscription which allows you to keep track of all formal issuances
and submittals in specific dockets. This can reduce the amount of time
you spend researching proceedings by automatically providing you with
notification of these filings, document summaries, and direct links to
the documents. For more information and to register, go to
www.ferc.gov/docs-filing/esubscription.asp.

    Dated: October 17, 2022.
Debbie-Anne A. Reese,
Deputy Secretary.
[FR Doc. 2022-22916 Filed 10-20-22; 8:45 am]
BILLING CODE 6717-01-P