[Federal Register Volume 83, Number 166 (Monday, August 27, 2018)]
[Notices]
[Pages 43711-43713]
[FR Doc No: 2018-18426]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-83895; File No. SR-BOX-2018-27]

Self-Regulatory Organizations; BOX Options Exchange LLC; Notice
of Filing and Immediate Effectiveness of a Proposed Rule Change To Make
a Number of Non-Substantive Changes to the Rulebook

August 21, 2018.
    Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934
(``Act''),\1\ and Rule 19b-4 thereunder,\2\ notice is hereby given that
on August 10, 2018, BOX Options Exchange LLC (the ``Exchange'') filed
with the Securities and Exchange Commission (``Commission'') the
proposed rule change as described in Items I and II below, which Items
have been prepared by the self-regulatory organization. The Commission
is publishing this notice to solicit comments on the proposed rule from
interested persons.
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
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I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change

    The Exchange proposes to make a number of non-substantive changes
to the rulebook. The text of the proposed rule change is available from
the principal office of the Exchange, at the Commission's Public
Reference Room and also on the Exchange's internet website at http://boxoptions.com.

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

    In its filing with the Commission, the self-regulatory organization
included statements concerning the purpose of, and basis for, the
proposed rule change and discussed any comments it received on the
proposed rule change. The text of these statements may be examined at
the places specified in Item IV below. The self-regulatory organization
has prepared summaries, set forth in Sections A, B, and C below, of the
most significant aspects of such statements.

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

1. Purpose
    The Exchange is proposing to make a number of non-substantive
changes to the rulebook. Currently, the Exchange's rulebook is
singularly focused on the trading of options. The Exchange is now
proposing to amend certain sections of the rulebook that do not
specifically apply to the trading of options in order to provide
broader rules that apply to Participants of the Exchange in general.\3\
The Exchange believes these changes are necessary to provide the
Exchange with greater flexibility.
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    \3\ For example, Exchange rules dealing with membership apply to
all Participants of the Exchange as opposed to rules related to
trading on BOX, which is product-specific.
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    First, the Exchange is proposing to amend the definitions of
``Options Participant'' and ``Participant'' in Rule 100(a)(41).
Specifically, the Exchange is proposing to amend the definitions in
order to cover Participants of the Exchange regardless of whether they
participate in the trading of options. Additionally, the Exchange is
proposing that the definition clarify that Participants register with
the Exchange for purposes of participating in trading on ``a facility
of the Exchange.'' \4\ The Exchange notes that another options exchange
uses similar non-options specific language.\5\
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    \4\ BOX is an options trading facility of the Exchange.
    \5\ See Nasdaq ISE Rule 100(a)(30) defining a Member as an
organization that has been approved to exercise trading rights
associated with Exchange Rights.
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    Next, the Exchange is replacing the term ``Options Participant''
with ``Participant'' in a number of rules as outlined below. Certain
Exchange rules are not options specific and therefore the Exchange
believes it is appropriate to replace ``Options Participant'' with
``Participant'' to provide more general coverage. The proposed change
will clarify that these Exchange rules apply to Participants of the
Exchange regardless of whether they participate in the trading of
options.\6\
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    \6\ The Exchange notes that the Options facility is the only
facility of the Exchange. If the Exchange decides trade other
products it will first file a proposal with the Commission.
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    The Exchange proposes to amend its rules as it relates to usage of
the term ``Options Participant'' as follows:
     The Exchange proposes to replace ``Options Participant''
with ``Participant'' in Rule 100(a)(4) which defines associated person
or a person associated with a Participant.

     The Exchange is proposing to replace ``Options
Participant'' with ``Participant'' in Rule 1060 (Exchange's Cost of
Defending Legal Proceedings).\7\
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    \7\ See proposed changes to Rule 1060(a).
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     The Exchange is proposing to replace ``Options
Participant'' with ``Participant'' in Rules 2000 (Right, Privileges,
and Duties of Options Participants), 2010 (Obligations of Options
Participants, BOX and the Exchange), 2020 (Participant Eligibility and
Registration), 2040 (Restrictions), IM-2040-1, 2050 (Application
Procedures for Options Participants or to become an Associated Person
of a Participant), 2060 (Revocation of Options Participant Status or
Association with a Participant), 2070 (Voluntary Termination of Rights
as an Options Participant), 2080 (Dues, Assessments and Other Charges),
and 2090 (Affiliation between Exchange and an Options Participant).\8\
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    \8\ See proposed changes to Rules 2000, 2010, 2020(a), 2040(a),
2040(f), IM-2040-1, 2050(a)-(e), and (g), 2060, 2070, 2080, 2090.
The Exchange notes that is also replacing ``Options Participant''
with ``Participant'' in the titles of rules 2050, 2060, 2070, and
2090.
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     The Exchange is proposing to replace ``Options
Participant'' with ``Participant'' in Rules 3000 (Just and Equitable
Principles of Trade), IM-3000-1, 3010 (Adherence to Law), 3020 (Sharing
Offices and Wire Connections), 3040 (False Statements), 3050
(Manipulation), 3060 (Gratuities), 3070 (Conduct and Compliance with
the Rules), 3080 (Rumors), 3090 (Prevention of the Misuse of Material
Nonpublic Information), 3100 (Disciplinary Action by Other
Organizations), 3110 (Other Restrictions on Participants), 3180
(Mandatory Systems Testing), and 3220 (Disruptive Quoting and Trading
Activity Prohibited).\9\
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    \9\ See proposed changes to Rules 3000(a), IM-3000-1, 3010,
3020, 3040, 3050(a) and (b), 3060, 3070(a), 3080, 3090(a), and (c)-
(e), 3100, 3110, 3180(a)-(c), 3220(a).
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     The Exchange is proposing to replace ``Options
Participant'' with ``Participant'' in Rules 4160 (Transfer of
Accounts), 4190 (Public Customer Complaints), and 4200 (Telephone
Solicitation).\10\
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    \10\ See proposed changes to Rules 4160(a), 4160(h), 4160(i),
4190(c) and (d), 4200(c) and (d).
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     The Exchange is proposing to replace ``Options
Participant'' with ``Participant'' in Rules 10000 (Maintenance,
Retention and Furnishing of Books, Records and Other Information),
10020 (Financial Reports), 10030 (Audits), 10040 (Automated Submission
of Trade Data), 10050 (Regulatory Cooperation), and 10070 (Anti-Money
Laundering Compliance Program).\11\
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    \11\ See proposed changes to Rules 10000(a)-(c), 10020,
10030(a)-(c), 10040(a)-(d), 10050(c) and (d), 10070(a) and (b).
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     The Exchange is proposing to replace ``Options
Participant'' with ``Participant'' in Rules 10200 (Minimum
Requirements), 10210 (Early Warning'' Notification Requirements), and
10220 (Power of CRO to Impose Restrictions).\12\
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    \12\ See proposed changes to Rules 10200, 10210, 10220.
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     The Exchange is proposing to replace ``Options
Participant'' with ``Participant'' in Rules 11000 (Imposition of
Suspension), 11010 (Investigation Following Suspension), 11020
(Reinstatement), and 11040 (Termination of Rights by Suspension).\13\
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    \13\ See proposed changes to Rules 11000(a) and (b), 11010(a)
and (b), 11020(a) and (c), 11040.
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     The Exchange is proposing to replace ``Options
Participant'' with ``Participant'' in Rules 12000 (Disciplinary
Jurisdiction), 12010 (Requirement to Furnish Information), 12020
(Investigation), 12030 (Letters of Consent), 12040 (Charges), 12060
(Hearing), 12110 (Judgement and Sanction), 12120 (Procedural Matters),
and Rule 12160 (Expedited Suspension Provision).\14\
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    \14\ See proposed changes to Rules 12000(a)-(c), 12010(a),
12020, 12030(a), 12040(a), 12060(b), (e) and (f), 12110(a), (c) and
(d), 12120(a), 12160(a).
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     The Exchange is proposing to replace ``Options
Participant'' with ``Participant'' in Rule 13000 (Scope of Series).\15\
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    \15\ See proposed changes to Rule 13000.
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     The Exchange is proposing to replace ``Options
Participant'' with ``Participant'' in Rule 14000 (Arbitration).\16\
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    \16\ See proposed changes to Rule 14000(b), (c) and (e).
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    Lastly, the Exchange is proposing to amend Rule 2040(e)(3).
Specifically, the Exchange proposes to remove the term ``BOX'' and
replace it with ``a facility of the Exchange.'' The Exchange notes that
BOX is a facility of the Exchange and therefore the Exchange is not
proposing to substantively change the rule.
2. Statutory Basis
    The Exchange believes that the proposal is consistent with the
requirements of Section 6(b) of the Securities Exchange Act of 1934
(the ``Act''),\17\ in general, and Section 6(b)(5) of the Act,\18\ in
particular, in that it is designed to prevent fraudulent and
manipulative acts and practices, to promote just and equitable
principles of trade, to foster cooperation and coordination with
persons engaged in facilitating transactions in securities, to remove
impediments to and perfect the mechanism of a free and open market and
a national market system, and, in general to protect investors and the
public interest.
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    \17\ 15 U.S.C. 78f(b).
    \18\ 15 U.S.C. 78f(b)(5).
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    The Exchange believes that the proposed rule change would remove
impediments to and perfect the mechanism of a free and open market and
a national market system by ensuring that market participants can
easily navigate, understand and comply with the Exchange's rulebook.
The Exchange believes that the proposed rule change enables the
Exchange to continue to enforce the Exchange's rules. The Exchange
believes that none of the proposed changes discussed herein alter the
application of any rules. As such, the proposed amendments would foster
cooperation and coordination with persons engaged in facilitating
transactions in securities and would remove impediments to and perfect
the mechanism of a free and open market and a national exchange system.
Further, the Exchange believes that, by ensuring the rulebook
accurately reflects the intention of the Exchange's rules, the proposed
rule change reduces potential investor or market participant confusion.

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

    The Exchange does not believe that the proposed rule change will
impose any burden on competition not necessary or appropriate in
furtherance of the purposes of the Act. In this regard and as indicated
above, the Exchange notes that the proposed changes will not alter any
of the Exchange's rules. Therefore, the proposed changes will have no
impact on competition as they are not designed to address any
competitive issues but rather are designed to make non-substantive
changes.

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

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

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

    Because the foregoing rule does not (i) significantly affect the
protection of investors or the public interest; (ii) impose any
significant burden on competition; and (iii) become operative

for 30 days from the date on which it was filed, or such shorter time
as the Commission may designate if consistent with the protection of
investors and the public interest, provided that the self-regulatory
organization has given the Commission written notice of its intent to
file the proposed rule change at least five business days prior to the
date of filing of the proposed rule change or such shorter time as
designated by the Commission,\19\ the proposed rule change has become
effective pursuant to Section 19(b)(3)(A) of the Act \20\ and Rule 19b-
4(f)(6) thereunder.\21\
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    \19\ The Exchange has fulfilled this requirement.
    \20\ 15 U.S.C. 78s(b)(3)(A).
    \21\ 17 CFR 240.19b-4(f)(6).
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    At any time within 60 days of the filing of the proposed rule
change, the Commission summarily may temporarily suspend such rule
change if it appears to the Commission that such action is necessary or
appropriate in the public interest, for the protection of investors, or
otherwise in furtherance of the purposes of the Act. If the Commission
takes such action, the Commission shall institute proceedings to
determine whether the proposed rule should be approved or disapproved.

IV. Solicitation of Comments

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

Electronic Comments

     Use the Commission's internet comment form (http://www.sec.gov/rules/sro.shtml); or
     Send an email to [email protected]. Please include
File Number SR-BOX-2018-27 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-BOX-2018-27. 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, on official business days
between the hours of 10:00 a.m. and 3:00 p.m., located at 100 F Street
NE, Washington, DC 20549. 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-BOX-2018-27 and should be
submitted on or before September 17, 2018.

    For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\22\
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    \22\ 17 CFR 200.30-3(a)(12).
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Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018-18426 Filed 8-24-18; 8:45 am]
 BILLING CODE 8011-01-P


[Federal Register Volume 84, Number 66 (Friday, April 5, 2019)]
[Notices]
[Page 13683]
[FR Doc No: 2019-06639]

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DEPARTMENT OF HOMELAND SECURITY

Federal Emergency Management Agency

[Internal Agency Docket No. FEMA-4416-DR; Docket ID FEMA-2019-0001]

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

AGENCY: Federal Emergency Management Agency, DHS.

ACTION: Notice.

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SUMMARY: This notice amends the notice of a major disaster declaration
for the State of Texas (FEMA-4416-DR), dated February 25, 2019, and
related determinations.

DATES: This amendment was issued March 29, 2019.

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

SUPPLEMENTARY INFORMATION: The notice of a major disaster declaration
for the State of Texas is hereby amended to include the following areas
among those areas determined to have been adversely affected by the
event declared a major disaster by the President in his declaration of
February 25, 2019.

    Polk, Schleicher, and Walker Counties for Public Assistance.
    The following Catalog of Federal Domestic Assistance Numbers
(CFDA) are to be used for reporting and drawing funds: 97.030,
Community Disaster Loans; 97.031, Cora Brown Fund; 97.032, Crisis
Counseling; 97.033, Disaster Legal Services; 97.034, Disaster
Unemployment Assistance (DUA); 97.046, Fire Management Assistance
Grant; 97.048, Disaster Housing Assistance to Individuals and
Households In Presidentially Declared Disaster Areas; 97.049,
Presidentially Declared Disaster Assistance--Disaster Housing
Operations for Individuals and Households; 97.050 Presidentially
Declared Disaster Assistance to Individuals and Households--Other
Needs; 97.036, Disaster Grants--Public Assistance (Presidentially
Declared Disasters); 97.039, Hazard Mitigation Grant.

Pete Gaynor,
Acting Administrator, Federal Emergency Management Agency.
[FR Doc. 2019-06639 Filed 4-4-19; 8:45 am]
 BILLING CODE 9111-23-P