(o) If you are using a CEMS to demonstrate compliance with any of
the emissions limits under Sec. Sec.  62.14411 or 62.14412, you:
    (1) Must determine compliance with the appropriate emissions
limit(s) using a 12-hour rolling average, calculated as specified in
section 12.4.1 of EPA Reference Method 19 of 40 CFR part 60, appendix
A-7. Performance tests using EPA Reference Methods are not required for
pollutants monitored with CEMS.
    (2) Must operate a CEMS to measure oxygen concentration, adjusting
pollutant concentrations to 7 percent oxygen as specified in paragraph
(e) of this section.
    (3) Must operate all CEMS in accordance with the applicable
procedures under appendices B and F of 40 CFR part 60. For those CEMS
for which performance specifications have not yet been promulgated
(HCl, multi-metals), this option takes effect on the date a final
performance specification is published in the Federal Register or the
date of approval of a site-specific monitoring plan.
    (4) May substitute use of a CO CEMS for the CO annual performance
test and minimum secondary chamber temperature to demonstrate
compliance with the CO emissions limit.
    (5) May substitute use of an HCl CEMS for the HCl annual
performance test, minimum HCl sorbent flow rate and minimum scrubber
liquor pH to demonstrate compliance with the HCl emissions limit.
    (6) May substitute use of a PM CEMS for the PM annual performance
test and minimum pressure drop across the wet scrubber, if applicable,
to demonstrate compliance with the PM emissions limit.
    (p) If you are using a continuous automated sampling system to
demonstrate compliance with the dioxin/furan emissions limits, you must
record the output of the system and analyze the sample according to EPA
Reference Method 23 of 40 CFR part 60, appendix A-7. This option to use
a continuous automated sampling system takes effect on the date a final
performance specification applicable to dioxin/furan from monitors is
published in the Federal Register or the date of approval of a site-
specific monitoring plan. If you elect to continuously sample dioxin/
furan emissions instead of sampling and testing using EPA Reference
Method 23 of 40 CFR part 60, appendix A-7, you must install, calibrate,
maintain and operate a continuous automated sampling system and comply
with the requirements specified in 40 CFR 60.58b(p) and (q) of subpart
Eb.
    (q) If you are using a continuous automated sampling system to
demonstrate compliance with the Hg emissions limits, you must record
the output of the system and analyze the sample at set intervals using
any suitable determinative technique that can meet appropriate
performance criteria. This option to use a continuous automated
sampling system takes effect on the date a final performance
specification applicable to Hg from monitors is published in the
Federal Register or the date of approval of a site-specific monitoring
plan. If you elect to continuously sample Hg emissions instead of
sampling and testing using EPA Reference Method 29 of 40 CFR part 60,
appendix A-8, or an approved alternative method for measuring Hg
emissions, you must install, calibrate, maintain and operate a
continuous automated sampling system and comply with the requirements
specified in 40 CFR 60.58b(p) and (q) of subpart Eb.
* * * * *

0
23. Section 62.14453 is amended by revising paragraphs (a) introductory
text, (a)(2) and (b) to read as follows:

Sec.  62.14453  What must I monitor?

    (a) If your HMIWI uses combustion control only, or your HMIWI is
equipped with a dry scrubber followed by a fabric filter (FF), a wet
scrubber, a dry scrubber followed by a FF and wet

scrubber, or a selective noncatalytic reduction (SNCR) system:
* * * * *
    (2) After the date on which the initial performance test is
completed or is required to be completed under Sec.  62.14470,
whichever comes first, your HMIWI must not operate above any of the
applicable maximum operating parameters or below any of the applicable
minimum operating parameters listed in Table 3 and measured as 3-hour
rolling averages (calculated each hour as the average of the previous 3
operating hours), at all times except during performance tests.
    (b) If you are using an air pollution control device other than a
dry scrubber followed by a FF, a wet scrubber, a dry scrubber followed
by a FF and a wet scrubber, or a SNCR system to comply with the
emissions limits under Sec.  62.14411, you must petition the EPA
Administrator for site-specific operating parameters to be established
during the initial performance test and you must continuously monitor
those parameters thereafter. You may not conduct the initial
performance test until the EPA Administrator has approved the petition.

0
24. Section 62.14454 is amended by revising paragraphs (a) through (c)
and adding paragraph (e) to read as follows:

Sec.  62.14454  How must I monitor the required parameters?

    (a) Except as provided in Sec. Sec.  62.14452(o) through (q), you
must install, calibrate (to manufacturers' specifications), maintain
and operate devices (or establish methods) for monitoring the
applicable maximum and minimum operating parameters listed in Table 3
of this subpart (unless CEMS are used as a substitute for certain
parameters as specified) such that these devices (or methods) measure
and record values for the operating parameters at the frequencies
indicated in Table 3 of this subpart at all times. For charge rate, the
device must measure and record the date, time and weight of each charge
fed to the HMIWI. This must be done automatically, meaning that the
only intervention from an operator during the process would be to load
the charge onto the weighing device. For batch HMIWI, the maximum
charge rate is measured on a daily basis (the amount of waste charged
to the unit each day).
    (b) For all HMIWI, you must install, calibrate (to manufacturers'
specifications), maintain and operate a device or method for measuring
the use of the bypass stack, including the date, time and duration of
such use.
    (c) For all HMIWI, if you are using controls other than a dry
scrubber followed by a FF, a wet scrubber, a dry scrubber followed by a
FF and a wet scrubber, or a SNCR system to comply with the emissions
limits under Sec.  62.14411, you must install, calibrate (to
manufacturers' specifications), maintain and operate the equipment
necessary to monitor the site-specific operating parameters developed
pursuant to Sec.  62.14453(b).
* * * * *
    (e) If you use an air pollution control device that includes a FF
and are not demonstrating compliance using PM CEMS, you must determine
compliance with the PM emissions limit using a bag leak detection
system and meet the requirements in paragraphs (e)(1) through (12) of
this section for each bag leak detection system.
    (1) Each triboelectric bag leak detection system must be installed,
calibrated, operated and maintained according to the ``Fabric Filter
Bag Leak Detection Guidance,'' (EPA-454/R-98-015, September 1997). This
document is available from the U.S. Environmental Protection Agency
(U.S. EPA); Office of Air Quality Planning and Standards; Sector
Policies and Programs Division; Measurement Policy Group (D-243-02),
Research Triangle Park, NC 27711. This document is also available on
the Technology Transfer Network (TTN) under Emissions Measurement
Center Continuous Emissions Monitoring. Other types of bag leak
detection systems must be installed, operated, calibrated and
maintained in a manner consistent with the manufacturer's written
specifications and recommendations.
    (2) The bag leak detection system must be certified by the
manufacturer to be capable of detecting PM emissions at concentrations
of 10 milligrams per actual cubic meter (0.0044 grains per actual cubic
foot) or less.
    (3) The bag leak detection system sensor must provide an output of
relative PM loadings.
    (4) The bag leak detection system must be equipped with a device to
continuously record the output signal from the sensor.
    (5) The bag leak detection system must be equipped with an audible
alarm system that will sound automatically when an increase in relative
PM emissions over a preset level is detected. The alarm must be located
where it is easily heard by plant operating personnel.
    (6) For positive pressure FF systems, a bag leak detector must be
installed in each baghouse compartment or cell.
    (7) For negative pressure or induced air FF, the bag leak detector
must be installed downstream of the FF.
    (8) Where multiple detectors are required, the system's
instrumentation and alarm may be shared among detectors.
    (9) The baseline output must be established by adjusting the range
and the averaging period of the device and establishing the alarm set
points and the alarm delay time according to section 5.0 of the
``Fabric Filter Bag Leak Detection Guidance.''
    (10) Following initial adjustment of the system, the sensitivity or
range, averaging period, alarm set points or alarm delay time may not
be adjusted. In no case may the sensitivity be increased by more than
100 percent or decreased more than 50 percent over a 365-day period
unless such adjustment follows a complete FF inspection that
demonstrates that the FF is in good operating condition. Each
adjustment must be recorded.
    (11) Record the results of each inspection, calibration and
validation check.
    (12) Initiate corrective action within 1 hour of a bag leak
detection system alarm; operate and maintain the FF such that the alarm
is not engaged for more than 5 percent of the total operating time in a
6-month block reporting period. If inspection of the FF demonstrates
that no corrective action is required, no alarm time is counted. If
corrective action is required, each alarm is counted as a minimum of 1
hour. If it takes longer than 1 hour to initiate corrective action, the
alarm time is counted as the actual amount of time taken to initiate
corrective action.

0
25. Section 62.14455 is amended as follows:
0
a. By revising paragraphs (a) through (e);
0
b. By redesignating paragraphs (f) through (h) as paragraphs (g)
through (i);
0
c. By adding new paragraph (f) ; and
0
d. By revising newly redesignated paragraphs (g) and (h).
    The revisions and addition read as follows:

Sec.  62.14455  What if my HMIWI goes outside of a parameter limit?

    (a) Operation above the established maximum or below the
established minimum operating parameter(s) constitutes a violation of
established operating parameter(s). Operating parameter limits do not
apply during performance tests.
    (b) Except as provided in paragraph (g) or (h) of this section, if
your HMIWI uses combustion control only:

------------------------------------------------------------------------
                                              Then you are in violation
            And your HMIWI . . .                       of . . .
------------------------------------------------------------------------
Operates above the maximum charge rate (3-   The PM, CO and dioxin/furan
 hour rolling average for continuous and      emissions limits.
 intermittent HMIWI, daily average for
 batch HMIWI) and below the minimum
 secondary chamber temperature (3-hour
 rolling average) simultaneously.
------------------------------------------------------------------------

     (c) Except as provided in paragraph (f) or (g) of this section, if
your HMIWI is equipped with a dry scrubber followed by a FF:

------------------------------------------------------------------------
                                              Then you are in violation
            And your HMIWI . . .                       of . . .
------------------------------------------------------------------------
(1) Operates above the maximum charge rate   The CO emissions limit.
 (3-hour rolling average for continuous and
 intermittent HMIWI, daily average for
 batch HMIWI) and below the minimum
 secondary chamber temperature (3-hour
 rolling average) simultaneously.
(2) Operates above the maximum FF inlet      The dioxin/furan emissions
 temperature (3-hour rolling average),        limit.
 above the maximum charge rate (3-hour
 rolling average for continuous and
 intermittent HMIWI, daily average for
 batch HMIWI), and below the minimum dioxin/
 furan sorbent flow rate (3-hour rolling
 average) simultaneously.
(3) Operates above the maximum charge rate   The HCl emissions limit.
 (3-hour rolling average for continuous and
 intermittent HMIWI, daily average for
 batch HMIWI) and below the minimum HCl
 sorbent flow rate (3-hour rolling average)
 simultaneously.
(4) Operates above the maximum charge rate   The Hg emissions limit.
 (3-hour rolling average for continuous and
 intermittent HMIWI, daily average for
 batch HMIWI) and below the minimum Hg
 sorbent flow rate (3-hour rolling average)
 simultaneously.
(5) Uses the bypass stack..................  The PM, dioxin/furan, HCl,
                                              Pb, Cd and Hg emissions
                                              limits.
(6) Operates above the CO emissions limit    The CO emissions limit.
 as measured by a CO CEMS, as specified in
 Sec.   62.14452(o).
(7) Uses a bag leak detection system, as     The PM emissions limit.\a\
 specified in Sec.   62.14454(e), to
 demonstrate compliance with the PM
 emissions limit and either fails to
 initiate corrective action within 1 hour
 of a bag leak detection system alarm or
 fails to operate and maintain the FF such
 that the alarm is not engaged for more
 than 5 percent of the total operating time
 in a 6-month block reporting period.
(8) Uses a bag leak detection system, as     The opacity limit.\a\
 specified in Sec.   62.14454(e), to
 demonstrate compliance with the opacity
 limit and either fails to initiate
 corrective action within 1 hour of a bag
 leak detection system alarm or fails to
 operate and maintain the FF such that the
 alarm is not engaged for more than 5
 percent of the total operating time in a 6-
 month block reporting period.
(9) Operates above the PM emissions limit    The PM emissions limit.
 as measured by a PM CEMS, as specified in
 Sec.   62.14452(o).
(10) Operates above the HCl emissions limit  The HCl emissions limit.
 as measured by an HCl CEMS, as specified
 in Sec.   62.14452(o).
(11) Operates above the Pb emissions limit   The Pb emissions limit.
 as measured by a multi-metals CEMS, as
 specified in Sec.   62.14452(o).
(12) Operates above the Cd emissions limit   The Cd emissions limit.
 as measured by a multi-metals CEMS, as
 specified in Sec.   62.14452(o).
(13) Operates above the Hg emissions limit   The Hg emissions limit.
 as measured by a multi-metals CEMS, as
 specified in Sec.   62.14452(o).
(14) Operates above the dioxin/furan         The dioxin/furan emissions
 emissions limit as measured by a             limit.
 continuous automated sampling system, as
 specified in Sec.   62.14452(p).
(15) Operates above the Hg emissions limit   The Hg emissions limit.
 as measured by a continuous automated
 sampling system, as specified in Sec.
 62.14452(q).
------------------------------------------------------------------------
\a\ If inspection of the FF demonstrates that no corrective action is
  required, no alarm time is counted. If corrective action is required,
  each alarm is counted as a minimum of 1 hour. If it takes longer than
  1 hour to initiate corrective action, the alarm time is counted as the
  actual amount of time taken to initiate corrective action.

    (d) Except as provided in paragraph (g) or (h) of this section, if
your HMIWI is equipped with a wet scrubber:

------------------------------------------------------------------------
                                              Then you are in violation
            And your HMIWI . . .                       of . . .
------------------------------------------------------------------------
(1) Operates above the maximum charge rate   The CO emissions limit.
 (3-hour rolling average for continuous and
 intermittent HMIWI, daily average for
 batch HMIWI) and below the minimum
 secondary chamber temperature (3-hour
 rolling average) simultaneously.
(2) Operates above the maximum charge rate   The PM emissions limit.
 (3-hour rolling average for continuous and
 intermittent HMIWI, daily average for
 batch HMIWI) and below the minimum
 pressure drop across the wet scrubber (3-
 hour rolling average) or below the minimum
 horsepower or amperage to the system (3-
 hour rolling average) simultaneously.

(3) Operates above the maximum charge rate   The dioxin/furan emissions
 (3-hour rolling average for continuous and   limit.
 intermittent HMIWI, daily average for
 batch HMIWI), below the minimum secondary
 chamber temperature (3-hour rolling
 average), and below the minimum scrubber
 liquor flow rate (3-hour rolling average)
 simultaneously.
(4) Operates above the maximum charge rate   The HCl emissions limit.
 (3-hour rolling average for continuous and
 intermittent HMIWI, daily average for
 batch HMIWI) and below the minimum
 scrubber liquor pH (3-hour rolling
 average) simultaneously.
(5) Operates above the maximum flue gas      The Hg emissions limit.
 temperature (3-hour rolling average) and
 above the maximum charge rate (3-hour
 rolling average for continuous and
 intermittent HMIWI, daily average for
 batch HMIWI) simultaneously.
(6) Uses the bypass stack..................  The PM, dioxin/furan, HCl,
                                              Pb, Cd and Hg emissions
                                              limits.
(7) Operates above the CO emissions limit    The CO emissions limit.
 as measured by a CO CEMS, as specified in
 Sec.   62.14452(o).
(8) Operates above the PM emissions limit    The PM emissions limit.
 as measured by a PM CEMS, as specified in
 Sec.   62.14452(o).
(9) Operates above the HCl emissions limit   The HCl emissions limit.
 as measured by an HCl CEMS, as specified
 in Sec.   62.14452(o).
(10) Operates above the Pb emissions limit   The Pb emissions limit.
 as measured by a multi-metals CEMS, as
 specified in Sec.   62.14452(o).
(11) Operates above the Cd emissions limit   The Cd emissions limit.
 as measured by a multi-metals CEMS, as
 specified in Sec.   62.14452(o).
(12) Operates above the Hg emissions limit   The Hg emissions limit.
 as measured by a multi-metals CEMS, as
 specified in Sec.   62.14452(o).
(13) Operates above the dioxin/furan         The dioxin/furan emissions
 emissions limit as measured by a             limit.
 continuous automated sampling system, as
 specified in Sec.   62.14452(p).
(14) Operates above the Hg emissions limit   The Hg emissions limit.
 as measured by a continuous automated
 sampling system, as specified in Sec.
 62.14452(q).
------------------------------------------------------------------------

    (e) Except as provided in paragraph (g) or (h) of this section, if
your HMIWI is equipped with a dry scrubber followed by a FF and a wet
scrubber:

------------------------------------------------------------------------
                                              Then you are in violation
            And your HMIWI . . .                       of . . .
------------------------------------------------------------------------
(1) Operates above the maximum charge rate   The CO emissions limit.
 (3-hour rolling average for continuous and
 intermittent HMIWI, daily average for
 batch HMIWI) and below the minimum
 secondary chamber temperature (3-hour
 rolling average) simultaneously.
(2) Operates above the maximum fabric        The dioxin/furan emissions
 filter inlet temperature (3-hour rolling     limit.
 average), above the maximum charge rate (3-
 hour rolling average for continuous and
 intermittent HMIWI, daily average for
 batch HMIWI), and below the minimum dioxin/
 furan sorbent flow rate (3-hour rolling
 average) simultaneously.
(3) Operates above the maximum charge rate   The HCl emissions limit.
 (3-hour rolling average for continuous and
 intermittent HMIWI, daily average for
 batch HMIWI) and below the minimum
 scrubber liquor pH (3-hour rolling
 average) simultaneously.
(4) Operates above the maximum charge rate   The Hg emissions limit.
 (3-hour rolling average for continuous and
 intermittent HMIWI, daily average for
 batch HMIWI) and below the minimum Hg
 sorbent flow rate (3-hour rolling average)
 simultaneously.
(5) Uses the bypass stack..................  The PM, dioxin/furan, HCl,
                                              Pb, Cd and Hg emissions
                                              limits.
(6) Operates above the CO emissions limit    The CO emissions limit.
 as measured by a CO CEMS, as specified in
 Sec.   62.14452(o).
(7) Uses a bag leak detection system, as     The PM emissions limit.\a\
 specified in Sec.   62.14454(e), to
 demonstrate compliance with the PM
 emissions limit and either fails to
 initiate corrective action within 1 hour
 of a bag leak detection system alarm or
 fails to operate and maintain the FF such
 that the alarm is not engaged for more
 than 5 percent of the total operating time
 in a 6-month block reporting period.
(8) Uses a bag leak detection system, as     The opacity limit.\a\
 specified in Sec.   62.14454(e), to
 demonstrate compliance with the opacity
 limit and either fails to initiate
 corrective action within 1 hour of a bag
 leak detection system alarm or fails to
 operate and maintain the FF such that the
 alarm is not engaged for more than 5
 percent of the total operating time in a 6-
 month block reporting period.
(9) Operates above the PM emissions limit    The PM emissions limit.
 as measured by a PM CEMS, as specified in
 Sec.   62.14452(o).
(10) Operates above the HCl emissions limit  The HCl emissions limit.
 as measured by an HCl CEMS, as specified
 in Sec.   62.14452(o).
(11) Operates above the Pb emissions limit   The Pb emissions limit.
 as measured by a multi-metals CEMS, as
 specified in Sec.   62.14452(o).
(12) Operates above the Cd emissions limit   The Cd emissions limit.
 as measured by a multi-metals CEMS, as
 specified in Sec.   62.14452(o).
(13) Operates above the Hg emissions limit   The Hg emissions limit.
 as measured by a multi-metals CEMS, as
 specified in Sec.   62.14452(o).

(14) Operates above the dioxin/furan         The dioxin/furan emissions
 emissions limit as measured by a             limit.
 continuous automated sampling system, as
 specified in Sec.   62.14452(p).
(15) Operates above the Hg emissions limit   The Hg emissions limit.
 as measured by a continuous automated
 sampling system, as specified in Sec.
 62.14452(q).
------------------------------------------------------------------------
\a\ If inspection of the FF demonstrates that no corrective action is
  required, no alarm time is counted. If corrective action is required,
  each alarm is counted as a minimum of 1 hour. If it takes longer than
  1 hour to initiate corrective action, the alarm time is counted as the
  actual amount of time taken to initiate corrective action.

    (f) Except as provided in paragraph (g) or (h) of this section, if
your HMIWI is equipped with a SNCR system:

------------------------------------------------------------------------
                                              Then you are in violation
            And your HMIWI . . .                       of . . .
------------------------------------------------------------------------
Operates above the maximum charge rate (3-   The NOX emissions limit.
 hour rolling average for continuous and
 intermittent HMIWI, daily average for
 batch HMIWI), below the minimum secondary
 chamber temperature (3-hour rolling
 average), and below the minimum reagent
 flow rate (3-hour rolling average)
 simultaneously.
------------------------------------------------------------------------

     (g) You may conduct a repeat performance test within 30 days of
violation of applicable operating parameter(s) to demonstrate that your
HMIWI is not in violation of the applicable emissions limit(s). You
must conduct repeat performance tests pursuant to this paragraph using
the identical operating parameters that indicated a violation under
paragraph (b), (c), (d), (e), or (f) of this section.
    (h) If you are using a CEMS to demonstrate compliance with any of
the emissions limits in table 1 of this subpart or Sec.  62.14412, and
your CEMS indicates compliance with an emissions limit during periods
when operating parameters indicate a violation of an emissions limit
under paragraphs (b), (c), (d), (e) or (f) of this section, then you
are considered to be in compliance with the emissions limit. You need
not conduct a repeat performance test to demonstrate compliance.
* * * * *

0
26. Section 62.14460 is amended as follows:
0
a. By revising paragraph (b)(1)
0
b. By redesignating paragraphs (b)(7) through (15) as paragraphs (b)(8)
through (16);
0
c. By adding new paragraph (b)(7);
0
d. By revising newly designated paragraph (b)(16);
0
e. By adding paragraphs (b)(17) through (19); and
0
f. By revising paragraphs (c), (e), and (f).
    The revisions and additions read as follows:

Sec.  62.14460  What records must I maintain?

* * * * *
    (a) * * *
    (b) * * *
    (1) Concentrations of any pollutant listed in table 1, measurements
of opacity and visible ash;
* * * * *
    (7) Amount and type of NOX reagent used during each hour
of operation, as applicable;
* * * * *
    (16) All operating parameter data collected, if you are complying
by monitoring site-specific operating parameters under Sec.
62.14453(b).
    (17) Concentrations of CO, PM, HCl, Pb, Cd, Hg and dioxin/furan, as
applicable, as determined by the CEMS or continuous automated sampling
system, as applicable.
    (18) Records of the annual air pollution control device
inspections, any required maintenance and any repairs not completed
within 10 days of an inspection or the timeframe established by the
Administrator.
    (19) Records of each bag leak detection system alarm, the time of
the alarm, the time corrective action was initiated and completed and a
brief description of the cause of the alarm and the corrective action
taken, as applicable.
    (c) Identification of calendar days for which data on emissions
rates or operating parameters specified under paragraph (b)(1) through
(19) of this section were not obtained, with an identification of the
emissions rates or operating parameters not measured, reasons for not
obtaining the data, and a description of corrective actions taken;
* * * * *
    (e) Identification of calendar days for which data on emissions
rates or operating parameters specified under paragraphs (b)(1) through
(19) of this section exceeded the applicable limits, with a description
of the exceedances, reasons for such exceedances and a description of
corrective actions taken.
    (f) The results of the initial, annual and any subsequent
performance tests conducted to determine compliance with the emissions
limits and/or to establish or re-establish operating parameters, as
applicable, including sample calculations, of how the operating
parameters were established or re-established, if applicable.
* * * * *
0
27. Section 62.14463 is amended as follows:
0
a. By redesignating paragraphs (a) through (c) as paragraphs (a)(1)
through (3);
0
b. By revising newly designated paragraphs (a)(1) and (2);
0
c. By adding paragraph (a)(4);
0
d. By redesignating the section introductory text as paragraph (a)
introductory text;
0
e. By redesignating paragraphs (d) through (k) as paragraphs (a)(5)
through (12);
0
f. By revising newly designated paragraphs (a)(5), (11), and (12);
0
g. By adding paragraphs (a)(13) through (15); and
0
h. By adding new paragraph (b).
    The revisions and additions read as follows:

Sec.  62.14463  What reporting requirements must I satisfy?

    (a) * * *
    (1) The initial performance test data as recorded under Sec.
62.14451(a);
    (2) The values for the site-specific operating parameters
established pursuant to Sec.  62.14453, as applicable, and a
description, including sample calculations, of how the operating
parameters were established during the initial performance test;
* * * * *

    (4) If you use a bag leak detection system, analysis and supporting
documentation demonstrating conformance with the EPA guidance and
specifications for bag leak detection systems in Sec.  62.14454(e);
    (5) The highest maximum operating parameter and the lowest minimum
operating parameter, as applicable, for each operating parameter
recorded for the calendar year being reported, pursuant to Sec.
62.14453, as applicable;
* * * * *
    (11) Any use of the bypass stack, duration of such use, reason for
malfunction and corrective action taken;
    (12) Records of the annual equipment inspections, any required
maintenance and any repairs not completed within 10 days of an
inspection or the time frame established by the EPA Administrator (or
delegated enforcement authority);
    (13) Records of the annual air pollution control device
inspections, any required maintenance and any repairs not completed
within 10 days of an inspection or the time frame established by the
EPA Administrator (or delegated enforcement authority);
    (14) Concentrations of CO, PM, HCl, Pb, Cd, Hg and dioxin/furan, as
applicable, as determined by the CEMS or continuous automated sampling
system, as applicable; and
    (15) Petition for site-specific operating parameters under Sec.
62.14453(b).
    (b) If you choose to submit an electronic copy of stack test
reports to the EPA's WebFIRE database, as of December 31, 2011, you
must enter the test data into the EPA's database using the Electronic
Reporting Tool (ERT) located at http://www.epa.gov/ttn/chief/ert/ert_tool.html.

0
28. Section 62.14464 is amended as follows:
0
a. By revising paragraphs (a) and (b) and adding paragraph (d) to read
as follows:

Sec.  62.14464  When must I submit reports?

    (a) You must submit the information specified in Sec.
62.14463(a)(1) through (4) no later than 60 days following the initial
performance test.
    (b) You must submit an annual report to the EPA Administrator (or
delegated enforcement authority) no more than 1 year following the
submission of the information in paragraph (a) of this section, and you
must submit subsequent reports no more than 1 year following the
previous report (once the unit is subject to permitting requirements
under Title V of the CAA, you must submit these reports semiannually).
The annual report must include the information specified in Sec.
62.14463(a)(5) through (14), as applicable.
* * * * *
    (d) You must submit your petition for site-specific operating
parameters specified in Sec.  62.14463(a)(15) prior to your initial
performance test. You may not conduct the initial performance test
until the EPA Administrator has approved the petition.

0
29. Section 62.14470 is amended as follows:
0
a. By revising paragraph (a) introductory text;
0
b. By revising paragraphs (a)(1) through (a)(3);
0
c. By revising paragraph (b) introductory text;
0
d. By revising paragraph (b)(1);
0
e. By revising paragraphs (b)(2)(i) through (v); and
0
f. By revising paragraph (b)(3).
    The revisions read as follows:

Sec.  62.14470  When must I comply with this subpart if I plan to
continue operation of my HMIWI?

* * * * *
    (a) If you plan to continue operation and come into compliance with
the requirements of this subpart by May 13, 2014, then you must
complete the requirements of paragraphs (a)(1) through (a)(4) of this
section.
    (1) You must comply with the operator training and qualification
requirements and inspection requirements (if applicable) of this
subpart by May 13, 2014.
    (2) You must achieve final compliance by May 13, 2014. This
includes incorporating all process changes and/or completing retrofit
construction, connecting the air pollution control equipment or process
changes such that the HMIWI is brought online, and ensuring that all
necessary process changes and air pollution control equipment are
operating properly.
    (3) You must conduct the initial performance test required by Sec.
62.14451(a) within 180 days after the date when you are required to
achieve final compliance under paragraph (a)(2) of this section.
* * * * *
    (b) If you plan to continue operation and come into compliance with
the requirements of this subpart after May 13, 2014, but before October
6, 2014, then you must complete the requirements of paragraphs (b)(1)
through (4) of this section.
    (1) You must comply with the operator training and qualification
requirements and inspection requirements (if applicable) of this
subpart by May 13, 2014.
    (2) * * *
    (i) You must submit a final control plan by May 13, 2016. Your
final control plan must, at a minimum, include a description of the air
pollution control device(s) or process changes that will be employed
for each unit to comply with the emissions limits and other
requirements of this subpart.
    (ii) You must award contract(s) for on-site construction, on-site
installation of emissions control equipment or incorporation of process
changes by December 13, 2013. You must submit a signed copy of the
contract(s) awarded.
    (iii) You must begin on-site construction, begin on-site
installation of emissions control equipment or begin process changes
needed to meet the emissions limits as outlined in the final control
plan by January 6, 2014.
    (iv) You must complete on-site construction, installation of
emissions control equipment or process changes by August 6, 2014.
    (v) You must achieve final compliance by October 6, 2014. This
includes incorporating all process changes and/or completing retrofit
construction as described in the final control plan, connecting the air
pollution control equipment or process changes such that the HMIWI is
brought online and ensuring that all necessary process changes and air
pollution control equipment are operating properly.
    (3) You must conduct the initial performance test required by Sec.
62.14451(a) within 180 days after the date when you are required to
achieve final compliance under paragraph (b)(2)(v) of this section.
* * * * *

0
30. Section 62.14471 is amended as follows:
0
a. By revising paragraph (a);
0
b. By revising paragraph (b) introductory text;
0
c. By revising paragraphs (b)(1) introductory text and (b)(1)(i); and
0
d. By revising paragraphs (b)(2) and (3).
    The revisions read as follows:

Sec.  62.14471  When must I comply with this subpart if I plan to
shutdown?

* * * * *
    (a) If you plan to shutdown by May 13, 2014, rather than come into
compliance with the requirements of this subpart, then you must
shutdown by May 13, 2014, to avoid coverage under any of the
requirements of this subpart.
    (b) If you plan to shutdown rather than come into compliance with
the

requirements of this subpart but are unable to shutdown by [May 13,
2014, then you may petition the EPA for an extension by following the
procedures outlined in paragraphs (b)(1) through (3) of this section.
    (1) You must submit your request for an extension to the EPA
Administrator (or delegated enforcement authority) by [date 90 days
after publication of final rule]. Your request must include:
    (i) Documentation of the analyses undertaken to support your need
for an extension, including an explanation of why your requested
extension date is sufficient time for you to shutdown while May 13,
2014, does not provide sufficient time for shutdown. Your documentation
must include an evaluation of the option to transport your waste
offsite to a commercial medical waste treatment and disposal facility
on a temporary or permanent basis; and
    (ii) * * *
    (2) You must shutdown no later than October 6, 2014.
    (3) You must comply with the operator training and qualification
requirements and inspection requirements (if applicable) of this
subpart by May 13, 2014.

0
31. Section 62.14472 is amended as follows:

0
a. By revising paragraph (a);
0
b. By revising paragraph (b) introductory text;
0
c. By revising paragraphs (b)(1) and (4);
0
d. By revising paragraph (c) introductory text; and
0
e. By revising paragraph (c)(1).
    The revisions read as follows:

Sec.  62.14472  When must I comply with this subpart if I plan to
shutdown and later restart?

* * * * *
    (a) If you plan to shutdown and restart prior to October 6, 2014,
then you must:
    (1) Meet the compliance schedule outlined in Sec.  63.14470(a) if
you restart prior to May 13, 2014; or
    (2) Meet the compliance schedule outlined in Sec.  62.14470(b) if
you restart after May 13, 2014. Any missed increments of progress need
to be completed prior to or upon the date of restart.
    (b) If you plan to shutdown by May 13, 2014, and restart after
October 6, 2014, then you must complete the requirements of paragraphs
(b)(1) through (b)(5) of this section.
    (1) You must shutdown by May 13, 2014.
* * * * *
    (4) You must conduct the initial performance test required by Sec.
62.14451(a) within 180 days after the date when you restart.
* * * * *
    (c) If you plan to shutdown after May 13, 2014, and restart after
October 6, 2014, then you must complete the requirements of paragraphs
(c)(1) and (2) of this section.
    (1) You must petition the EPA for an extension by following the
procedures outlined in Sec.  63.14471(b)(1) through (3).
* * * * *

0
32. Section 62.14490 is amended as follows:
0
a. By adding a definition for ``Bag leak detection system'';
0
b. By adding a definition for ``Commercial HMIWI'';
0
c. By revising the definition for ``Maximum design waste burning
capacity'';
0
d. By adding a definition for ``Minimum reagent flow rate'';
0
e. By revising the definition for ``Minimum secondary chamber
temperature''; and
0
f. By revising the introductory text to the definition for
``Modification'' or ``Modified HMIWI.''
    The revisions and additions read as follows:

Sec.  62.14490  Definitions.

    Bag leak detection system means an instrument that is capable of
monitoring PM loadings in the exhaust of a FF in order to detect bag
failures. A bag leak detection system includes, but is not limited to,
an instrument that operates on triboelectric, light-scattering, light-
transmittance or other effects to monitor relative PM loadings.
* * * * *
    Commercial HMIWI means a HMIWI which offers incineration services
for hospital/medical/infectious waste generated offsite by firms
unrelated to the firm that owns the HMIWI.
* * * * *
    Maximum design waste burning capacity means:
    (1) For intermittent and continuous HMIWI,
    [GRAPHIC] [TIFF OMITTED] TR13MY13.000

Where:

C = HMIWI capacity, lb/hr
PV= primary chamber volume, ft\3\
15,000 = primary chamber heat release rate factor, Btu/ft\3\/hr
8,500 = standard waste heating value, Btu/lb;
    (2) For batch HMIWI,
    [GRAPHIC] [TIFF OMITTED] TR13MY13.001

Where:

C = HMIWI capacity, lb/hr
PV = primary chamber volume, ft\3\
4.5 = waste density, lb/ft\3\
8 = typical hours of operation of a batch HMIWI, hours.
* * * * *
    Minimum reagent flow rate means 90 percent of the highest 3-hour
average reagent flow rate at the inlet to the SNCR technology (taken,
at a minimum, once every minute) measured during the most recent
performance test demonstrating compliance with the NOX
emissions limit.
* * * * *
    Minimum secondary chamber temperature means 90 percent of the
highest 3-hour average secondary chamber temperature (taken, at a
minimum, once every minute) measured during the most recent performance
test demonstrating compliance with the PM, CO, dioxin/furan or
NOX emissions limits.
    Modification or Modified HMIWI means any change to a HMIWI unit
after April 6, 2010, such that:
* * * * *

0
33. Section 62.14495 is amended by revising paragraph (b) and adding
paragraphs (c) through (e) to read as follows:

Sec.  62.14495  What authorities will be retained by the EPA
Administrator?

* * * * *
    (b) Approval of alternative methods of demonstrating compliance
under 40 CFR 60.8, including:
    (1) Approval of CEMS for PM, HCl, multi-metals and Hg where used
for purposes of demonstrating compliance,
    (2) Approval of continuous automated sampling systems for dioxin/
furan and Hg where used for purposes of demonstrating compliance, and
    (3) Approval of major alternatives to test methods;
    (c) Approval of major alternatives to monitoring;
    (d) Waiver of recordkeeping requirements; and
    (e) Performance test and data reduction waivers under 40 CFR
60.8(b).
    34. Table 1 to Subpart HHH is revised to read as follows:

                           Table 1 to Subpart HHH of Part 62--Emissions Limits for Small Rural, Small, Medium and Large HMIWI
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                 You must meet this emissions limit
                              ------------------------------------------------------------------------    With these       Using this    And determining
    For the air pollutant                                    HMIWI size                                    units (7      averaging time     compliance
                              ------------------------------------------------------------------------ percent oxygen,        \a\           using this
                                  Small rural          Small            Medium             Large          dry basis)                        method \b\
--------------------------------------------------------------------------------------------------------------------------------------------------------
Particulate matter...........  87 (0.038)......  66 (0.029)......  46 (0.020) \c\..  25 (0.011)......  Milligrams per   3-run average    EPA Reference
                                                                   34 (0.015) \d\..                     dry standard     (1-hour          Method 5 of
                                                                                cubic meter      minimum sample   appendix A-3
                                                                                (grains per      time per run).   of part 60, or
                                                                                dry standard                      EPA Reference
                                                                                cubic foot).                      Method M 26A
                                                                                or 29 of
                                                                                appendix A-8
                                                                                of part 60
Carbon monoxide..............  20..............  20..............  5.5.............  11..............  Parts per        3-run average    EPA Reference
                                                                                million by       (1-hour          Method 10 or
                                                                                volume.          minimum sample   10B of
                                                                                time per run).   appendix A-4
                                                                                of part 60
Dioxins/furans...............  240 (100) or 5.1  16 (7.0) or       0.85 (0.37) or    9.3 (4.1) or      Nanograms per    3-run average    EPA Reference
                                (2.2).            0.013 (0.0057).   0.020 (0.0087).   0.054 (0.024).    dry standard     (4-hour          Method 23 of
                                                                                cubic meter      minimum sample   appendix A-7
                                                                                total dioxins/   time per run).   of part 60
                                                                                furans (grains
                                                                                per billion
                                                                                dry standard
                                                                                cubic feet) or
                                                                                nanograms per
                                                                                dry standard
                                                                                cubic meter
                                                                                TEQ (grains
                                                                                per billion
                                                                                dry standard
                                                                                cubic feet).
Hydrogen chloride............  810.............  44 \c\..........  7.7.............  6.6.............  Parts per        3-run average    EPA Reference
                                                 15 \d\..........                                       million by       (1-hour          Method 26 or
                                                                                volume.          minimum sample   26A of
                                                                                time per run).   appendix A-8
                                                                                of part 60
Sulfur dioxide...............  55..............  4.2.............  4.2.............  9.0.............  Parts per        3-run average    EPA Reference
                                                                                million by       (1-hour          Method 6 or 6C
                                                                                volume.          minimum sample   of appendix A-
                                                                                time per run).   4 of part 60
Nitrogen oxides..............  130.............  190.............  190.............  140.............  Parts per        3-run average    EPA Reference
                                                                                million by       (1-hour          Method 7 or 7E
                                                                                volume.          minimum sample   of appendix A-
                                                                                time per run).   4 of part 60
Lead.........................  0.50 (0.22).....  0.31 (0.14).....  0.018 (0.0079)..  0.036 (0.016)...  Milligrams per   3-run average    EPA Reference
                                                                                dry standard     (1-hour          Method 29 of
                                                                                cubic meter      minimum sample   appendix A-8
                                                                                (grains per      time per run).   of part 60
                                                                                thousand dry
                                                                                standard cubic
                                                                                feet).
Cadmium......................  0.11 (0.048)....  0.017 (0.0074)..  0.013 (0.0057)..  0.0092 (0.0040).  Milligrams per   3-run average    EPA Reference
                                                                                dry standard     (1-hour          Method 29 of
                                                                                cubic meter      minimum sample   appendix A-8
                                                                                (grains per      time per run).   of part 60
                                                                                thousand dry
                                                                                standard cubic
                                                                                feet).
Mercury......................  0.051 (0.0022)..  0.014 (0.0061)..  0.025 (0.011)...  0.018 (0.0079)..  Milligrams per   3-run average    EPA Reference
                                                                                dry standard     (1-hour          Method 29 of
                                                                                cubic meter      minimum sample   appendix A-8
                                                                                (grains per      time per run).   of part 60
                                                                                thousand dry
                                                                                standard cubic
                                                                                feet).
--------------------------------------------------------------------------------------------------------------------------------------------------------
\a\ Except as allowed under Sec.  Sec.   62.14452(o)-(q) for HMIWI equipped with CEMS or continuous automated sampling systems.
\b\ Does not include CEMS, continuous automated sampling systems, and approved alternative non-EPA test methods allowed under Sec.   62.14452(d) and
  (m).
\c\ Limits for those HMIWI for which construction or modification was commenced according to Sec.   62.14400(a)(2)(i).
\d\ Limits for those HMIWI for which construction or modification was commenced according to Sec.   62.14400(a)(2)(ii).

    35. Table 2 to Subpart HHH is revised to read as follows:

      Table 2 to Subpart HHH of Part 62--Toxic Equivalency Factors
------------------------------------------------------------------------
                                                               Toxic
                  Dioxin/furan congener                     equivalency
                                                              factor
------------------------------------------------------------------------
2,3,7,8-tetrachlorinated dibenzo-p-dioxin...............          1
1,2,3,7,8-pentachlorinated dibenzo-p-dioxin.............          1
1,2,3,4,7,8-hexachlorinated dibenzo-p-dioxin............          0.1
1,2,3,7,8,9-hexachlorinated dibenzo-p-dioxin............          0.1
1,2,3,6,7,8-hexachlorinated dibenzo-p-dioxin............          0.1
1,2,3,4,6,7,8-heptachlorinated dibenzo-p-dioxin.........          0.01
Octachlorinated dibenzo-p-dioxin........................          0.0003
2,3,7,8-tetrachlorinated dibenzofuran...................          0.1
2,3,4,7,8-pentachlorinated dibenzofuran.................          0.3
1,2,3,7,8-pentachlorinated dibenzofuran.................          0.03
1,2,3,4,7,8-hexachlorinated dibenzofuran................          0.1
1,2,3,6,7,8-hexachlorinated dibenzofuran................          0.1
1,2,3,7,8,9-hexachlorinated dibenzofuran................          0.1
2,3,4,6,7,8-hexachlorinated dibenzofuran................          0.1
1,2,3,4,6,7,8-heptachlorinated dibenzofuran.............          0.01
1,2,3,4,7,8,9-heptachlorinated dibenzofuran.............          0.01
Octachlorinated dibenzofuran............................          0.0003
------------------------------------------------------------------------

    36. Table 3 to Subpart HHH is revised to read as follows:

                                    Table 3 to Subpart HHH of Part 62--Operating Parameters To Be Monitored and Minimum Measurement and Recording Frequencies
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                 Minimum frequency                                                                  HMIWI
                                      ----------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                HMIWI with dry
     Operating  parameters  to be                                                                               HMIWI with     HMIWI with dry                       scrubber
              monitored                         Data measurement                    Data recording              combustion        scrubber      HMIWI with wet   followed by FF  HMIWI with SNCR
                                                                                control only    followed by FF      scrubber         and wet           system
                                                                                scrubber
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Maximum operating parameters:
Maximum charge rate..................  Once per charge..................  Once per charge..................         [check]          [check]          [check]          [check]          [check]
Maximum FF inlet temperature.........  Continuous.......................  Once per minute..................  ...............         [check]   ...............         [check]   ...............
Maximum flue gas temperature.........  Continuous.......................  Once per minute..................  ...............  ...............         [check]          [check]   ...............
Minimum operating parameters:
Minimum secondary chamber temperature  Continuous.......................  Once per minute..................         [check]          [check]          [check]          [check]          [check]
Minimum dioxin/furan sorbent flow      Hourly...........................  Once per hour....................  ...............         [check]   ...............         [check]   ...............
 rate.
Minimum HCl sorbent flow rate........  Hourly...........................  Once per hour....................  ...............         [check]   ...............         [check]   ...............
Minimum mercury (Hg) sorbent flow      Hourly...........................  Once per hour....................  ...............         [check]   ...............         [check]   ...............
 rate.

Minimum pressure drop across the wet   Continuous.......................  Once per minute..................  ...............  ...............         [check]          [check]   ...............
 scrubber or minimum horsepower or
 amperage to wet scrubber.
Minimum scrubber liquor flow rate....  Continuous.......................  Once per minute..................  ...............  ...............         [check]          [check]   ...............
Minimum scrubber liquor pH...........  Continuous.......................  Once per minute..................  ...............  ...............         [check]          [check]   ...............
Minimum reagent flow rate............  Hourly...........................  Once per hour....................  ...............  ...............  ...............  ...............         [check]
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

[FR Doc. 2013-09427 Filed 5-10-13; 8:45 am]
BILLING CODE 6560-50-P


[Federal Register Volume 82, Number 239 (Thursday, December 14, 2017)]
[Notices]
[Pages 58998-59004]
[FR Doc No: 2017-26914]

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

SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-82248; File No. SR-CFE-2017-003]

Self-Regulatory Organizations; Cboe Futures Exchange, LLC; Notice
of Filing of Proposed Rule Change Regarding CFE's New Trading System

December 8, 2017.
    Pursuant to Section 19(b)(7) of the Securities Exchange Act of 1934
(``Act''),\1\ notice is hereby given that on November 29, 2017 Cboe
Futures Exchange, LLC (``CFE'' or ``Exchange'') filed with the
Securities and Exchange Commission (``Commission'') the proposed rule
change described in Items I and II below, which Items have been
prepared by CFE. The Commission is publishing this notice to solicit
comments on the proposed rule change from interested persons. CFE also
has filed this proposed rule change with the Commodity Futures Trading
Commission (``CFTC''). CFE filed a written certification with the CFTC
under Section 5c(c) of the Commodity Exchange Act (``CEA'') \2\ on
November 29, 2017.
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78s(b)(7).
    \2\ 7 U.S.C. 7a-2(c).
---------------------------------------------------------------------------

I. Self-Regulatory Organization's Description of the Proposed Rule
Change

    The Exchange proposes to amend its rules in connection with the
implementation of a new CFE trading system. The scope of this filing is
limited solely to the application of the rule amendments to security
futures traded on CFE. The only security futures that have been offered
for trading on CFE were traded under Chapter 16 of CFE's Rulebook,
which is applicable to Individual Stock Based and Exchange-Traded Fund
Based Volatility Index security futures. CFE does not currently list
any security futures for trading. The text of the proposed rule change
is attached as Exhibit 4 to the filing but is not attached to the
publication of this notice.

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

    In its filing with the Commission, CFE 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. CFE 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
    Cboe Global Markets, Inc. (formerly known as CBOE Holdings, Inc.)
(``Cboe Global Markets'') is the parent company of CFE. On February 28,
2017, Cboe Global Markets completed the acquisition of Bats Global
Markets, Inc. (``Bats''). In connection with this acquisition, all of
the exchanges owned by Cboe Global Markets, including CFE, are
migrating their trading platforms to trading systems based on Bats
technology. CFE's new trading system will be referred to in CFE rules
as the ``CFE System''.
    The Exchange is proposing to amend the following rule provisions as
a result of changes for the CFE System: CFE Rule Chapter 1; CFE Rules
303A, 403, 414, 415, 603, 620, 714, 1602, 1802, and 1902; and CFE
Policy and Procedure XVIII. These provisions set forth rules related to
Authorized Reporters, Order Entry Operator IDs, Order Entry and
Maintenance of Front-End Audit Trail Information, Exchange of Contract
for Related Position (``ECRP'') transactions, Block Trades, Market
Manipulation, Disruptive Trading Practices, Imposition of Fines for
Minor Rule Violations, Reportable Trading Volume, and Contract
Specifications. With one exception, the rule amendments included as
part of this rule change are to apply to all products traded on CFE,
including both non-security futures and security futures. CFE is making
these rule amendments in conjunction with other rule amendments being
made by CFE in connection with the implementation of the CFE System
that are not required to be submitted to the Commission pursuant to
Section 19(b)(7) of the Act \3\ and thus are not included as part of
this rule change.
---------------------------------------------------------------------------

    \3\ 15 U.S.C. 78s(b)(7).
---------------------------------------------------------------------------

Authorized Reporter
    CFE Rule Chapter 1 includes definitions for terms used in CFE's
rules. CFE is proposing to include in Chapter 1 a definition for the
term ``Authorized Reporter'' which includes cross-references to
proposed CFE Rules 414(i) and 415(f) in which the term ``Authorized
Reporter'' is defined. Specifically, the proposed definition of an
Authorized Reporter in proposed Rules 414(i) and 415(f) is an
individual that is either a CFE Trading Privilege Holder (``TPH'') or a
Related Party of a TPH and is pre-authorized by a CFE Clearing Member
to report Exchange of Contract for Related Position transactions and
Block Trades on behalf of the TPH.
Order Entry Operator IDs
    CFE Rule 303A (Order Entry Operator IDs) sets forth that each TPH
shall include an Order Entry Operator ID with every Order and the
requirements applicable to Order Entry Operator IDs. CFE is proposing
three changes to Rule 303A.
    First, CFE is proposing to amend Rule 303A(a) to provide that an
Order Entry Operator ID must be included on every Cancel Order and
Cancel Replace/Modify Order and to provide that any Order that does not
contain an Order Entry Operator ID will be rejected or canceled back to
the sender by CFE's trading system.
    Second, CFE is proposing to amend Rule 303A to remove references to
quotes. A quote is a two-sided order that includes both a bid and an
offer whereas an order only includes a bid or an offer. Most TPHs
submit orders instead of quotes, and CFE will no longer accept quotes
with the implementation of the CFE System.
    Third, CFE is proposing to replace the term ``CBOE System'' (which
is the term in CFE's current rules for CFE's trading system) with the
term ``CFE System''.
Order Entry and Maintenance of Front-End Audit Trail Information
    CFE Rule 403 (Order Entry) sets forth details regarding, among
other things, how Orders must be entered into CFE's trading system, the
information each Order must contain, and front-end audit trail
information that must be maintained.
    CFE is proposing to revise Rule 403(a) to describe how TPHs will
connect to the CFE System by deleting current language which describes
how TPHs sign onto the CBOE System by inputting the user identification
assigned for such purpose and replacing that language with language
that describes how TPHs will connect to the CFE System in a form and
manner prescribed by the Exchange.
    CFE is also updating Rule 403(a) to revise and reorder the list of
items of information that must be included with every Order. Currently,
Rule 403(a) provides that each Order must contain the following
information: (i) Whether the Order is a buy or sell Order; (ii) Order
type; (iii) commodity; (iv) contract expiration; (v) price; (vi)
quantity; (vii) account type; (viii) account designation; (ix) in the
case of Orders for Options, strike price, type of option (put or call),
and expiration month; and (x) such additional information as may be
prescribed from time to time by the Exchange. CFE is proposing to amend
Rule 403(a) to provide that each Order must contain the following
information: (i) Whether the Order is a buy or sell Order; (ii) Order
type; (iii) price or premium (if the Order is not a Market Order); (iv)
quantity; (v) Contract identifier or product and contract
expiration(s); (vi) Client Order ID; (vii) Executing Firm ID
(``EFID''); (viii) Order Entry Operator ID; (ix) Clearing Corporation
origin code (C for Customer or F for Firm); (x) Customer Type Indicator
code; (xi) manual Order indicator; (xii) account designation; (xiii) in
the case of Orders for Options, either Contract identifier or each of
strike price, type of option (put or call), and expiration; and (xiv)
such additional information as may be prescribed from time to time by
the Exchange.
    Additionally, CFE is proposing to amend Rule 403(a) to provide that
any Order that does not contain required information in a form and
manner prescribed by the Exchange will be rejected or canceled back to
the sender by the CFE System.
    CFE is proposing to revise Rule 403(c) to reference that the CFE
System identifies the Clearing Member for the execution of an Order by
the EFID used in the Order submission. CFE is also proposing to replace
the reference in Rule 403(c) to CBOE Market Interface (``CMi'') order
structure with a reference to Binary Order Entry (``BOE'') Order
message information since the BOE protocol will be replacing the CMi
protocol. CFE is retaining the reference in Rule 403(c) to the
Financial Information Exchange (``FIX'') protocol since TPHs will be
able to interface with the CFE System either through the BOE protocol
or the FIX protocol.
    CFE is also proposing to amend Rule 403 to remove references to
quotes, to replace the term ``CBOE System'' with the term ``CFE
System'', and to replace the term ``CBOE Workstation'' with the term
``CFE Workstation'' (which is any computer connected directly to the
CFE System, including by means of an Exchange defined protocol, for the
purpose of trading Contracts on the Exchange).
Exchange of Contract for Related Position Transactions
    CFE Rule 414 (Exchange of Contract for Related Position) sets forth
details regarding ECRP transactions. The proposed changes to Rule 414
included

as part of this rule change filing and which are described below are
those amendments to Rule 414 that are related to recordkeeping or
reporting.
    First, CFE is proposing to set forth in proposed Rule 414(e) the
Reporting Deadline and Permissible Reporting Period for ECRP
transactions that will apply with the CFE System. CFE is proposing that
the Reporting Deadline for an ECRP transaction be that an ECRP
transaction must be fully reported to the Exchange without delay and by
no later than thirty minutes after the transaction is agreed upon,
unless otherwise specified in the rules governing the relevant
Contract. The Reporting Deadline would be measured from the time the
transaction is agreed upon to the time that the full report of the
transaction is received by the CFE System matching engine. CFE is
proposing that the Permissible Reporting Period for an ECRP transaction
be that the ECRP transaction must be fully reported to the Exchange
during Trading Hours, or a queuing period, for the Contract that
comprises the Contract leg of the transaction, when that Contract is
not suspended. A queuing period is a time frame in which the CFE System
accepts Orders but they are not executable. Proposed Rule 414(e) also
addresses when it is permissible to agree to an ECRP transaction
(referred to as a Permissible Agreement Period). Accordingly, in order
to satisfy the requirements of proposed Rule 414(e), the time periods
in which an ECRP transaction may occur would be limited to those time
periods in which the transaction is agreed to within a Permissible
Agreement Period and the transaction is able to be fully reported to
the Exchange within a Permissible Reporting Period by no later than the
Reporting Deadline. Under CFE's current rules, the reporting deadline
is the same as is proposed by this rule change but the permissible
reporting periods are specified time frames that apply to all Contracts
instead of having a permissible reporting period for each Contract
based on its respective Trading Hours and queuing periods as is
proposed.
    Second, CFE is proposing to amend in proposed Rule 414(g) the list
of items of information currently set forth in Rule 414(f) that must be
recorded on an order ticket for an ECRP by a TPH that acts as agent for
an ECRP. In particular, CFE is proposing to add to the items of
information that must be recorded the arrangement time, if any, for the
ECRP transaction (which is the time at which the parties agreed to
enter into the transaction at a later time). CFE is also proposing to
clarify and provide that the following information must be recorded for
the Related Position: The identity, quantity, and price or premium of
the Related Position (including the expiration, strike price, type of
option (put or call), and delta in the case of an option).
    Third, CFE is proposing to revise a provision in proposed Rule
414(h) to make clear that references to ECRP are to an ECRP
transaction. This provision is in current Rule 414(g) and requires a
TPH to maintain records evidencing compliance with the criteria in Rule
414 or be able to obtain those records from the TPH's Customer.
    Fourth, CFE is proposing to amend provisions in proposed Rule
414(i) that are currently in Rule 414(h) to provide that an Authorized
Reporter for an ECRP transaction must be an individual (and not an
entity) and that a Clearing Member may only authorize an Authorized
Reporter to report both ECRP transactions and Block Trades (and not one
or the other).
    Fifth, CFE is proposing to amend provisions in proposed Rule 414(j)
that are currently in Rule 414(i) to no longer allow for notification
of ECRP transactions to the Exchange to be made by email and to provide
that the Contract legs of all ECRP transactions will be submitted for
clearing on the Business Day during which the applicable transaction is
fully reported to the Exchange. Current Rule 414(i) allows Authorized
Reporters to designate either the calendar day of an ECRP transaction
or the next Business Day as the Business Day for which the Contract leg
of the transaction is submitted for clearing if an ECRP transaction is
reported to the Exchange from 3:15 p.m. to 4:00 p.m. Chicago time
Monday through Thursday. This will no longer be the case once ECRP
transactions are reported directly to the CFE System (instead of by
email) pursuant to proposed Rule 414(l) as described below.
    Sixth, CFE is proposing to update provisions in proposed Rule
414(k) that are currently in Rule 414(j) to revise and reorder the list
of items of information that must be included in the notification to
the Exchange of an ECRP transaction. Currently, the notification of an
ECRP transaction must include the following information: The identity,
contract expiration, price or premium, quantity, and time of execution
of the relevant Contract leg (i.e., the time the parties agreed to the
Exchange of Contract for Related Position transaction), (ii) the
counterparty Clearing Member, (iii) the identity, quantity, and price
of the Related Position, and (iv) any other information required by the
Exchange. CFE is proposing to provide in proposed Rule 414(k) that the
notification of an ECRP transaction must include the following
information: (i) Whether the component of the transaction in the
Contract listed on the Exchange is a single leg transaction, a
transaction in a spread, or transaction in a strip; (ii) the Contract
identifier (or product and contract expiration for a future or product,
expiration, strike price, and type of option (put or call) in the case
of an option), price (or premium for an option) and quantity of the
relevant Contract leg of the transaction, and whether the relevant
Contract leg is buy or sell; (iii) the time of execution (i.e., the
time at which the parties agreed to the transaction); (iv) the
arrangement time, if any (i.e., the time at which the parties agreed to
enter into the transaction at a later time); (v) Operator ID; (vi)
EFID; (vii) account; (viii) Clearing Corporation origin code; (ix)
Customer Type Indicator code; (x) the identity, quantity, and price or
premium of the Related Position (including the expiration, strike
price, type of option (put or call), and delta in the case of an
option); and (xi) any other information required by the Exchange.
    Seventh, CFE is also proposing to delete a provision from current
Rule 414(k) which allows the Authorized Reporters and parties to an
ECRP transaction thirty minutes from the time the CFE Help Desk
transmits a transaction summary to the Authorized Reporters to notify
the Help Desk of any inaccuracies in the content of the transaction
summary. The Help Desk (which will be referred to as the Trade Desk
with the implementation of the CFE System) will no longer transmit
transaction summaries to Authorized Reporters since Authorized
Reporters will be entering the information regarding ECRP transactions
directly into the CFE System pursuant to proposed Rule 414(l) as
described below and will no longer be relying on the Help Desk to
manually enter into CFE's trading system the information included in
the email notifications that the Help Desk currently receives from
Authorized Reporters regarding an ECRP transaction. Accordingly, the
notification provision which permits Authorized Reporters and parties
to the transaction to notify the Help Desk of any inaccuracies in the
transaction summary from the Help Desk would no longer have
applicability.
    Eighth, CFE proposes to provide in proposed Rule 414(l) that
Authorized Reporters shall provide notification to the Exchange of ECRP
transactions by reporting them to the CFE System in a form and manner
prescribed by the

Exchange. Proposed Rule 414(l) also describes how the CFE System
includes a mechanism, in a form and manner provided by the Exchange,
for the Authorized Reporter that is the initiator of a notification of
an ECRP transaction to enter information regarding the transaction and
for the Authorized Reporter for the contra side of the transaction to
accept the notification to the Exchange of the transaction as entered
by the initiating Authorized Reporter and enter contra side information
for the transaction.
    Ninth, CFE proposes to provide in proposed Rule 414(m) how CFE will
measure adherence to Permissible Reporting Periods and the Reporting
Deadline for ECRP transactions for timing purposes. Specifically, an
ECRP transaction would be deemed to have been fully reported to the
Exchange when the full report of the transaction has been received by
the CFE System matching engine following notification to the CFE System
of required information relating to the transaction by the initiating
Authorized Reporter and acceptance and notification to the CFE System
of required information relating to the transaction by the contra side
Authorized Reporter.
    Tenth, CFE proposes to provide in proposed Rule 414(n) that CFE may
modify the timing requirements for and permissible manner of
notification to CFE for ECRP transactions in the event of unusual
circumstances. For example, this provision could be invoked if the CFE
System is not accepting notifications of ECRP transactions due to a
system malfunction.
Block Trades
    CFE Rule 415 (Block Trading) (to be renamed Block Trades) sets
forth details regarding Block Trades. CFE is proposing to make
corollary changes to Rule 415 in relation to recordkeeping and
reporting that are substantially equivalent to the changes being made
to Rule 414. Those proposed changes are described below.
    First, CFE is proposing to set forth in Rule 415(c) the Reporting
Deadline and Permissible Reporting Period for Block Trades that will
apply with the CFE System. CFE is proposing that the Reporting Deadline
for a Block Trade be that a Block Trade must be fully reported to the
Exchange without delay and by no later than ten minutes after the
transaction is agreed upon, unless otherwise specified in the rules
governing the relevant Contract. The Reporting Deadline would be
measured from the time the transaction is agreed upon to the time that
the full report of the transaction is received by the CFE System
matching engine. CFE is proposing that the Permissible Reporting Period
for a Block Trade in a Contract be that the Block Trade must be fully
reported to the Exchange during Trading Hours, or a queuing period, for
the Contract, when that Contract is not suspended. Proposed Rule 415(c)
also addresses when it is permissible to agree to a Block Trade
(referred to as a Permissible Agreement Period). Accordingly, in order
to satisfy the requirements of proposed Rule 415(c), the time periods
in which a Block Trade may occur would be limited to those time periods
in which the transaction is agreed to within a Permissible Agreement
Period and the transaction is able to be fully reported to the Exchange
within a Permissible Reporting Period by no later than the Reporting
Deadline. Under CFE's current rules, the reporting deadline is the same
as is proposed by this rule change but the permissible reporting
periods are specified time frames that apply to all Contracts instead
of having a permissible reporting period for each Contract based on its
respective Trading Hours and queuing periods as is proposed.
    Second, CFE is proposing to amend in Rule 415(e) the list of items
of information that must be recorded by a TPH on an order ticket for a
Block Trade. In particular, CFE is proposing to add to the items of
information that must be recorded the arrangement time, if any, for the
Block Trade. CFE is also proposing to clarify and provide that the
expiration, strike price, and type of option (put or call) must be
recorded for the Block Trade if it involves an option.
    Third, CFE is proposing to amend provisions in Rule 415(f) to
provide that an Authorized Reporter for a Block Trade must be an
individual (and not an entity) and that a Clearing Member may only
authorize an Authorized Reporter to report both ECRP transactions and
Block Trades (and not one or the other). Additionally, CFE is adding a
provision to Rule 415(f) which is currently included in current Rule
414(h) in relation to ECRP transactions to make clear that both the
parties to and Authorized Reporters for a Block Trade are obligated to
comply with the requirements set forth in Rule 415, and any of these
parties or Authorized Reporters may be held responsible by the Exchange
for noncompliance with those requirements.
    Fifth, CFE is proposing to amend provisions in proposed Rule 415(g)
to no longer allow for notification of Block Trades to the Exchange to
be made by email and to provide that Block Trades will be submitted for
clearing on the Business Day during which the applicable transaction is
fully reported to the Exchange. Current Rule 415(g) allows Authorized
Reporters to designate either the calendar day of a Block Trade or the
next Business Day as the Business Day for which the Block Trade is
submitted for clearing if a Block Trade is reported to the Exchange
from 3:15 p.m. to 4:00 p.m. Chicago time Monday through Thursday. This
will no longer be the case once Block Trades are reported directly to
the CFE System (instead of by email) pursuant to proposed Rule 415(i)
as described below.
    Sixth, CFE is proposing to update provisions in Rule 415(h) to
revise and reorder the list of items of information that must be
included in the notification to the Exchange of a Block Trade.
Currently, the notification of a Block Trade must include the following
information: relevant Contract, contract expiration, price or premium,
quantity, time of execution (i.e., the time the parties agreed to the
Block Trade), counterparty Clearing Member and, if applicable, the
underlying commodity, whether the transaction involved a put or a call
and the strike price, and any other information that is required by the
Exchange. CFE is proposing to provide in proposed Rule 415(h) that the
notification of a Block Trade must include the following information:
(i) Whether the Block Trade is a single leg transaction, a transaction
in a spread, or a transaction in a strip; (ii) the Contract identifier
(or product and contract expiration for a future or product,
expiration, strike price, and type of option (put or call) in the case
of an option), price (or premium for an option) and quantity of the
Block Trade and whether the Block Trade is buy or sell; (iii) the time
of execution (i.e., the time at which the parties agreed to the
transaction); (iv) the arrangement time, if any (i.e., the time at
which the parties agreed to enter into the transaction at a later
time); (v) Operator ID; (vi) EFID; (vii) account; (viii) Clearing
Corporation origin code; (ix) Customer Type Indicator code; and (x) any
other information required by the Exchange.
    Seventh, CFE is proposing to delete a provision from current Rule
415(i) which allows the Authorized Reporters and parties to a Block
Trade thirty minutes from the time the CFE Help Desk transmits a
transaction summary to the Authorized Reporters to notify the Help Desk
of any inaccuracies in the content of the transaction summary. The Help
Desk (which will be referred to as the Trade Desk with the
implementation of the CFE System) will no longer transmit transaction
summaries to Authorized Reporters since Authorized

Reporters will be entering the information regarding Block Trades
directly into the CFE System pursuant to proposed Rule 415(i) as
described below and will no longer be relying on the Help Desk to
manually enter into CFE's trading system the information included in
the email notifications that the Help Desk currently receives from
Authorized Reporters regarding a Block Trade. Accordingly, the
notification provision which permits Authorized Reporters and parties
to the transaction to notify the Help Desk of any inaccuracies in the
transaction summary from the Help Desk would no longer have
applicability.
    Eighth, CFE proposes to provide in proposed Rule 415(i) that
Authorized Reporters shall provide notification to the Exchange of
Block Trades by reporting them to the CFE System in a form and manner
prescribed by the Exchange. Proposed Rule 415(i) also describes how the
CFE System includes a mechanism, in a form and manner provided by the
Exchange, for the Authorized Reporter that is the initiator of a
notification of a Block Trade to enter information regarding the
transaction and for the Authorized Reporter for the contra side of the
transaction to accept the notification to the Exchange of the
transaction as entered by the initiating Authorized Reporter and enter
contra side information for the transaction.
    Ninth, CFE proposes to provide in proposed Rule 415(j) how CFE will
measure adherence to Permissible Reporting Periods and the Reporting
Deadline for Block Trades for timing purposes. Specifically, a Block
Trade would be deemed to have been fully reported to the Exchange when
the full report of the transaction has been received by the CFE System
matching engine following notification to the CFE System of required
information relating to the transaction by the initiating Authorized
Reporter and acceptance and notification to the CFE System of required
information relating to the transaction by the contra side Authorized
Reporter.
    Tenth, CFE proposes to provide in proposed Rule 415(k) that CFE may
modify the timing requirements for and permissible manner of
notification to CFE for Block Trades in the event of unusual
circumstances. For example, this provision could be invoked if the CFE
System is not accepting notifications of Block Trades due to a system
malfunction.
Market Manipulation
    CFE Rule 603 (Market Manipulation) prohibits manipulation of the
market in any Contract traded on CFE. CFE is proposing to amend Rule
603 replace the term ``CBOE System'' with the term ``CFE System''.
Disruptive Practices
    CFE Rule 620 (Disruptive Practices) sets forth prohibited
disruptive trading practices, and Policy and Procedure XVIII
(Disruptive Trading Practices (Rule 620) sets forth guidance regarding
the factors the Exchange may use in assessing whether conduct violates
Rule 620.
    Since CFE will no longer accept quotes with the implementation of
the CFE System, CFE is proposing to revise Rule 620 and Policy and
Procedure XVIII to eliminate references to quotes and to replace
references to the CBOE System with references to the CFE System.
    CFE is proposing to revise Policy and Procedure XVIII(A) to
eliminate reference to a category of other prices (such as an Expected
Opening Price or EOP) since this concept does not exist with the CFE
System.
    CFE is proposing to amend Policy and Procedure XVIII(J) to revise
the definition of actionable messages in relation to the CFE System to
be messages that can be accepted by another party or lead to the
execution of a trade or cancellation of an Order and to change a
reference to an example of a non-actionable message from a request for
quote (which will no longer exist with the elimination of quotes) to a
heartbeat message transmitted to the CFE System.
    CFE is proposing to amend Policy and Procedure XVIII(Q) and (U) to
replace references to self-trade prevention functionality with
references to match trade functionality (which is the name for this
functionality with the CFE System).
    CFE is proposing to revise Policy and Procedure XVIII(R) to
eliminate reference to opening rotation periods since this concept does
not exist with the CFE System, to replace reference to an EOP with
reference to an expected opening price (since although an EOP is not a
price that is disseminated by the CFE System, the concept of what
market participants expect an opening price to be would still exist),
and to revise the restriction regarding the submission of Trade at
Settlement (``TAS'') Orders between Business Days for a product in
which TAS Orders may be submitted. CFE is amending the restriction on
the submission of TAS Orders to provide that the first pre-opening
notice for a TAS Contract in a product establishes the time at which
TAS Orders may be submitted for all TAS Contracts in that product.
Currently, this restriction applies individually to each TAS Contract
based on when the pre-opening notice for that particular TAS Contract
is disseminated. A pre-opening notice is a notice disseminated by CFE
of the commencement of a queuing state in a Contract during which
Orders may be submitted to the CFE System prior to the commencement of
trading hours for that Contact.
    Additionally, the Exchange is proposing to amend Policy and
Procedure XVIII(T) to eliminate a reference to user defined spreads and
to change the title of the provision to better reflect the remaining
portion of the provision which is not being deleted by this change.
Although TPHs are currently not permitted to create user defined
spreads, this prohibition is currently not systematically enforced by
CFE's trading system. CFE is proposing to remove the rule text
prohibiting user defined spreads since the CFE System will be able to
systematically prevent TPHs from creating user defined spreads.
Imposition of Fines for Minor Rule Violations
    Rule 714 (Imposition of Fines for Minor Rule Violations) sets forth
fine schedules for various violation types. The proposed changes to
Rule 714 included as part of this rule change filing and which are
described below are those amendments to Rule 714 that are related to
recordkeeping or reporting.
    Specifically, CFE is proposing (i) to modify the fine schedule in
Rule 714(f)(i) regarding failure to include an Order Entry Operator ID
with an Order submission to eliminate reference to quotes and to change
a reference from CBOE System to CFE System; (ii) to modify the fine
schedule in Rule 714(f)(ii) regarding failure to identify the correct
account type in an Order submission to be more specific to reference
failure to identify the correct Customer Type Indicator Code in the
Order submission; and (iii) to modify the fine schedules in Rule
714(f)(iii), (iv), (viii), (ix), (x), and (xiv) to either re-number the
rule cross-references in those fine schedules without changing their
substance to reflect the new rule numbers for the cross-referenced
provisions or to change references from CBOE System to CFE System.
Reportable Trading Volume
    Rule 1602(n)(ii) sets forth the reportable trading volume that
triggers the requirement to report a volume threshold account to the
CFTC for Individual Stock Based and Exchange

Traded Fund Based Security Futures (referred to in Chapter 16 of CFE's
rules as Volatility Index futures). CFE does not currently list any
Volatility Index futures for trading but did so previously and may do
so in the future.
    CFE is proposing to amend Rule 1602(n)(ii) to provide that the
reportable trading volume that triggers the requirement to report a
volume threshold account is 50 or more futures contracts in a
Volatility Index futures contract during a single trading day or such
other reportable trading volume threshold as may be designated by the
CFTC. This proposed change is consistent with the comparable reportable
trading volume rule language this is applicable in relation to other
CFE products. CFE is proposing to add the additional phrase that the
level may be ``such other reportable trading volume threshold as may be
designated by the CFTC''. Although the level currently designated in
Rule 1602(n)(ii) is consistent with CFTC regulations, the CFTC has
issued no-action letters with a different designated level and may do
so in the future. The proposed additional language allows for reporting
consistent with these CFTC designations when and if they are in effect.
Contract Specifications
    CFE Rule 1802 sets forth contract specifications for Single Stock
Futures, and CFE Rule 1902 sets forth contract specifications for
Narrow-Based Stock Index Futures. CFE is proposing to amend Rules 1802
and 1902 to capitalize the term ``Spread Order'', to replace the term
``Help Desk'' with the term ``Trade Desk'', and to replace the term
``CBOE System'' with the term ``CFE System''.
2. Statutory Basis
    The Exchange believes that the proposed rule change is consistent
with Section 6(b) of the Act,\4\ in general, and furthers the
objectives of Sections 6(b)(5) \5\ and 6(b)(7) \6\ in particular in
that it is designed:
---------------------------------------------------------------------------

    \4\ 15 U.S.C. 78f(b).
    \5\ 15 U.S.C. 78f(b)(5).
    \6\ 15 U.S.C. 78f(b)(7).
---------------------------------------------------------------------------

     To prevent fraudulent and manipulative acts and practices;
     to foster cooperation and coordination with persons
engaged in facilitating transactions in securities; and
     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.
    The proposed rule change is consistent with these provisions in
that it revises CFE's rules, including CFE's recordkeeping and
reporting requirements as they may relate to security futures, to
conform to the functionality of the CFE System. In particular, the
proposed amendments will align the changes resulting from the
implementation of the CFE System with the rule provisions contained in
CFE's rules.

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

    CFE 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 in that the proposed rule changes to Chapter 1
of CFE's rules to include a definition for Authorized Reporter, to Rule
303A requiring the inclusion of an Order Entry Operator ID on every
Cancel Order and Cancel Replace/Modify Order, to Rule 403 regarding the
information that must be included with Order submissions and front-end
audit trail information that must be maintained, to Rule 414 and 415
regarding ECRP transaction and Block Trade recordkeeping and reporting
requirements, to Rule 603 to update terminology, to Rule 620 and Policy
and Procedure XVIII to update guidance regarding disruptive trading
conduct to conform to the way the CFE System will function, to Rule 714
to update the fine schedules for minor rule violations to conform to
other CFE rule revisions, to Rule 1602(n) to update the reportable
trading volume threshold requirements for Volatility Index futures, and
to Rules 1802 and 1902 to update terminology will enhance CFE's ability
to carry out its responsibilities as a self-regulatory organization.
Additionally, CFE believes that the proposed amendments are equitable
and not unfairly discriminatory because the changes will apply equally
to all market participants.

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

    No written comments were solicited or received with respect to the
proposed rule change.

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

    The proposed rule change will become operative on December 13,
2017. At any time within 60 days of the date of effectiveness of the
proposed rule change, the Commission, after consultation with the CFTC,
may summarily abrogate the proposed rule change and require that the
proposed rule change be refiled in accordance with the provisions of
Section 19(b)(1) of the Act.\7\
---------------------------------------------------------------------------

    \7\ 15 U.S.C. 78s(b)(1).
---------------------------------------------------------------------------

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-CFE-2017-003 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-CFE-2017-003. 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-CFE-2017-003, and should be submitted on or before January 4,
2018.

    For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\8\
---------------------------------------------------------------------------

    \8\ 17 CFR 200.30-3(a)(73).
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Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017-26914 Filed 12-13-17; 8:45 am]
 BILLING CODE 8011-01-P