[Federal Register Volume 81, Number 181 (Monday, September 19, 2016)]
[Rules and Regulations]
[Pages 64057-64060]
[FR Doc No: 2016-22186]

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

DEPARTMENT OF TRANSPORTATION

Federal Aviation Administration

14 CFR Part 39

[Docket No. FAA-2016-5035; Directorate Identifier 2015-NM-042-AD;
Amendment 39-18650; AD 2016-19-01]
RIN 2120-AA64

Airworthiness Directives; Fokker Services B.V. Airplanes

AGENCY: Federal Aviation Administration (FAA), Department of
Transportation (DOT).

ACTION: Final rule.

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

SUMMARY: We are adopting a new airworthiness directive (AD) for all
Fokker Services B.V. Model F28 Mark 0070 and Mark 0100 airplanes. This
AD was prompted by reports of cracking in a certain area of the
pressure bulkhead webplate and skin connection angle. This AD requires
a one-time inspection of the affected pressure bulkhead webplate and
skin connection angle, and corrective actions if necessary. We are
issuing this AD to detect and correct cracking of the pressure bulkhead
webplate and skin connection angle that could lead to sudden inflight
decompression of the airplane, resulting in injury to occupants.

DATES: This AD is effective October 24, 2016.
    The Director of the Federal Register approved the incorporation by
reference of certain publications listed in this AD as of October 24,
2016.

ADDRESSES: For service information identified in this final rule,
contact Fokker Services B.V., Technical Services Dept., P.O. Box 1357,
2130 EL Hoofddorp, the Netherlands; telephone +31 (0)88-6280-350; fax
+31 (0)88-6280-111; email<EMAIL_ADDRESS>Internet http://www.myfokkerfleet.com. You may view this referenced service
information at the FAA, Transport Airplane Directorate, 1601 Lind
Avenue SW., Renton, WA. For information on the availability of this
material at the FAA, call<PHONE_NUMBER>. It is also available on the
Internet at http://www.regulations.gov by searching for and locating
Docket No. FAA-2016-5035.

Examining the AD Docket

    You may examine the AD docket on the Internet at http://www.regulations.gov by searching for and locating Docket No. FAA-2016-
5035; or in person at the Docket Management Facility between 9 a.m. and
5 p.m., Monday through Friday, except Federal holidays. The AD docket
contains this AD, the regulatory evaluation, any comments received, and
other information. The street address for the Docket Office (telephone
800-647-5527) is Docket Management Facility, U.S. Department of
Transportation, Docket Operations, M-30, West Building Ground Floor,
Room W12-140, 1200 New Jersey Avenue SE., Washington, DC 20590.

FOR FURTHER INFORMATION CONTACT: Tom Rodriguez, Aerospace Engineer,
International Branch, ANM-116, Transport Airplane Directorate, FAA,
1601 Lind Avenue SW., Renton, WA 98057-3356; telephone<PHONE_NUMBER>;
fax<PHONE_NUMBER>.

SUPPLEMENTARY INFORMATION:

Discussion

    We issued a notice of proposed rulemaking (NPRM) to amend 14 CFR
part 39 by adding an AD that would apply to all Fokker Services B.V.
Model F28 Mark 0070 and Mark 0100 airplanes. The NPRM published in the
Federal Register on March 29, 2016 (81 FR 17417) (``the NPRM''). The
NPRM was prompted by reports of cracking in a certain area of the
pressure bulkhead webplate and skin connection angle. The NPRM proposed
to require a one-time inspection of the affected pressure bulkhead
webplate and skin connection angle, and corrective actions if
necessary. We are issuing this AD to detect and correct cracking of the
pressure bulkhead webplate and skin connection angle that could lead to
sudden inflight decompression of the airplane, resulting in injury to
occupants.
    The European Aviation Safety Agency (EASA), which is the Technical
Agent for the Member States of the European Union, has issued EASA
Airworthiness Directive 2015-0024, dated February 19, 2015 (referred to
after this as the Mandatory Continuing Airworthiness Information, or
``the MCAI''), to correct an unsafe condition for all Fokker Services
B.V. Model F28 Mark 0070 and Mark 0100 airplanes. The MCAI states:

    Service experience with the Fokker 100 type design has shown
that cracking can occur in the pressure bulkhead webplate and skin
connection angle on the right hand (RH) side at station 14911
(station 12447 for F28 Mark 0070) at stringer 67 of fuselage section
2, before reaching the existing threshold for inspection per ALS
[Airworthiness Limitations Section] task 533016-00-03 (F28 Mark
0100) or task 533016-01-03 (F28 Mark 0070). Any cracks in this area
are not visible from the outside (covered by fairing) until they
reach a critical length.
    This condition, if not detected and corrected, could lead to
sudden in-flight decompression of the aeroplane, possibly resulting
in injury to occupants.
    To address this potential unsafe condition, Fokker Services
published Service Bulletin (SB) SBF100-53-128, which provides
inspection instructions to detect any crack in the affected area.
    For the reasons described above, this [EASA] AD requires a one-
time inspection of the affected pressure bulkhead webplate and skin
connection angle, and, depending on findings, accomplishment of
applicable corrective action(s).
    This [EASA] AD is considered to be an interim action and further
AD action may follow, possibly to lower the current ALS task
threshold, if justified by the inspection results.

Corrective actions include repair of cracking in the skin connection
angle and pressure bulkhead webplate, as applicable.

    You may examine the MCAI in the AD docket on the Internet at http://www.regulations.gov by searching for and locating Docket No. FAA-2016-
5035.

Comments

    We gave the public the opportunity to participate in developing
this AD. We received no comments on the NPRM or on the determination of
the cost to the public.

Conclusion

    We reviewed the relevant data and determined that air safety and
the public interest require adopting this AD as proposed except for
minor editorial changes. We have determined that these minor changes:
     Are consistent with the intent that was proposed in the
NPRM for correcting the unsafe condition; and
     Do not add any additional burden upon the public than was
already proposed in the NPRM.

Related Service Information Under 1 CFR Part 51

    We reviewed Fokker Service Bulletin SBF100-53-128, dated November
12, 2014; and Fokker Service Bulletin SBF100-53-129, dated February 16,
2015. The service information describes procedures for inspection of
the affected pressure bulkhead webplate and skin connection angle, and
corrective actions if necessary. This service information is reasonably
available because the interested parties have access to it through
their normal course of business or by the means identified in the
ADDRESSES section.

Costs of Compliance

    We estimate that this AD affects 8 airplanes of U.S. registry.
    We also estimate that it will take about 1 work-hour per product to
comply with the basic requirements of this AD, and 1 work-hour per
product for reporting. The average labor rate is $85 per work-hour.
Required parts will cost about $0 per product. Based on these figures,
we estimate the cost of this AD on U.S. operators to be $1,360, or $170
per product.
    In addition, we estimate that any necessary follow-on actions will
take about 46 work-hours and require parts costing $2,000, for a cost
of $5,910 per product. We have no way of determining the number of
aircraft that might need these actions.

Paperwork Reduction Act

    A federal agency may not conduct or sponsor, and a person is not
required to respond to, nor shall a person be subject to penalty for
failure to comply with a collection of information subject to the
requirements of the Paperwork Reduction Act unless that collection of
information displays a current valid OMB control number. The control
number for the collection of information required by this AD is 2120-
0056. The paperwork cost associated with this AD has been detailed in
the Costs of Compliance section of this document and includes time for
reviewing instructions, as well as completing and reviewing the
collection of information. Therefore, all reporting associated with
this AD is mandatory. Comments concerning the accuracy of this burden
and suggestions for reducing the burden should be directed to the FAA
at 800 Independence Ave. SW., Washington, DC 20591, ATTN: Information
Collection Clearance Officer, AES-200.

Authority for This Rulemaking

    Title 49 of the United States Code specifies the FAA's authority to
issue rules on aviation safety. Subtitle I, section 106, describes the
authority of the FAA Administrator. ``Subtitle VII: Aviation
Programs,'' describes in more detail the scope of the Agency's
authority.
    We are issuing this rulemaking under the authority described in
``Subtitle VII, Part A, Subpart III, Section 44701: General
requirements.'' Under that section, Congress charges the FAA with
promoting safe flight of civil aircraft in air commerce by prescribing
regulations for practices, methods, and procedures

the Administrator finds necessary for safety in air commerce. This
regulation is within the scope of that authority because it addresses
an unsafe condition that is likely to exist or develop on products
identified in this rulemaking action.

Regulatory Findings

    We determined that this AD will not have federalism implications
under Executive Order 13132. This AD will not have a substantial direct
effect on the States, on the relationship between the national
government and the States, or on the distribution of power and
responsibilities among the various levels of government.
    For the reasons discussed above, I certify that this AD:
    1. Is not a ``significant regulatory action'' under Executive Order
12866;
    2. Is not a ``significant rule'' under the DOT Regulatory Policies
and Procedures (44 FR 11034, February 26, 1979);
    3. Will not affect intrastate aviation in Alaska; and
    4. Will not have a significant economic impact, positive or
negative, on a substantial number of small entities under the criteria
of the Regulatory Flexibility Act.

List of Subjects in 14 CFR Part 39

    Air transportation, Aircraft, Aviation safety, Incorporation by
reference, Safety.

Adoption of the Amendment

    Accordingly, under the authority delegated to me by the
Administrator, the FAA amends 14 CFR part 39 as follows:

PART 39--AIRWORTHINESS DIRECTIVES

0
1. The authority citation for part 39 continues to read as follows:

    Authority: 49 U.S.C. 106(g), 40113, 44701.

Sec.  39.13  [Amended]

0
2. The FAA amends Sec.  39.13 by adding the following new airworthiness
directive (AD):

2016-19-01 Fokker Services B.V.: Amendment 39-18650. Docket No. FAA-
2016-5035; Directorate Identifier 2015-NM-042-AD.

(a) Effective Date

    This AD is effective October 24, 2016.

(b) Affected ADs

    None.

(c) Applicability

    This AD applies to Fokker Services B.V. Model F28 Mark 0070 and
F28 Mark 0100 airplanes, certificated in any category, all serial
numbers.

(d) Subject

    Air Transport Association (ATA) of America Code 53, Fuselage.

(e) Reason

    This AD was prompted by reports of cracking in the pressure
bulkhead webplate and skin connection angle. We are issuing this AD
to detect and correct cracking of the pressure bulkhead webplate and
skin connection angle that could lead to sudden inflight
decompression of the airplane, resulting in injury to occupants.

(f) Compliance

    Comply with this AD within the compliance times specified,
unless already done.

(g) Inspection

    At the time specified in paragraph (h) of this AD: Do a detailed
inspection of the pressure bulkhead webplate and skin connection
angle on the right-hand side at station 14911 (for Model F28 Mark
0100 airplanes) or station 12447 (for Model F28 Mark 0070 airplanes)
at stringer 67 of fuselage section 2, as applicable, in accordance
with the Accomplishment Instructions of Fokker Service Bulletin
SBF100-53-128, dated November 12, 2014. This AD does not require
action for airplanes which, as of the effective date of this AD,
have accumulated less than 30,000 flight cycles.
    (1) If any crack is found in the skin connection angle, before
further flight, repair the skin connection angle, in accordance with
the Accomplishment Instructions of Fokker Service Bulletin SBF100-
53-129, dated February 16, 2015.
    (2) If any crack is found in the pressure bulkhead webplate,
before further flight, repair the pressure bulkhead webplate, in
accordance with the Accomplishment Instructions of Fokker Service
Bulletin SBF100-53-129, dated February 16, 2015.

(h) Compliance Times

    At the applicable time specified in paragraph (h)(1) or (h)(2)
of this AD, do the actions required by paragraph (g) of this AD.
    (1) For airplanes that have accumulated less than 40,000 total
flight cycles as of the effective date of this AD, do the actions in
paragraph (g) of this AD within 2,000 flight cycles after the
effective date of this AD.
    (2) For airplanes that have accumulated 40,000 or more total
flight cycles as of the effective date of this AD, do the actions in
paragraph (g) of this AD within 750 flight cycles after the
effective date of this AD.

(i) Reporting

    Submit a report of the findings (both positive and negative) of
the inspection required by paragraph (g) of this AD to Fokker
Services B.V. Engineering, Quality Department P.O. Box 1357, 2130 EL
Hoofddorp, the Netherlands; telephone +31 (0)88-6280-350; fax +31
(0)88-6280-111; email<EMAIL_ADDRESS>Internet http://www.myfokkerfleet.com, in accordance with the Accomplishment
Instructions of Fokker Service Bulletin SBF100-53-128, dated
November 12, 2014, at the applicable time specified in paragraph
(i)(1) or (i)(2) of this AD. The report must include the inspection
results; the airplane serial number; the total number of flight
cycles and flight hours on the airplane; a sketch or photo to show
the location of the crack(s) and damaged part(s), if applicable; and
the length of each crack, if applicable.
    (1) If the inspection was done on or after the effective date of
this AD: Submit the report within 30 days after the inspection.
    (2) If the inspection was done before the effective date of this
AD: Submit the report within 30 days after the effective date of
this AD.

(j) Other FAA AD Provisions

    The following provisions also apply to this AD:
    (1) Alternative Methods of Compliance (AMOCs): The Manager,
International Branch, ANM-116, Transport Airplane Directorate, FAA,
has the authority to approve AMOCs for this AD, if requested using
the procedures found in 14 CFR 39.19. In accordance with 14 CFR
39.19, send your request to your principal inspector or local Flight
Standards District Office, as appropriate. If sending information
directly to the International Branch, send it to ATTN: Tom
Rodriguez, Aerospace Engineer, International Branch, ANM-116,
Transport Airplane Directorate, FAA, 1601 Lind Avenue SW., Renton,
WA 98057-3356; telephone<PHONE_NUMBER>; fax<PHONE_NUMBER>. Information
may be emailed to<EMAIL_ADDRESS>Before using any
approved AMOC, notify your appropriate principal inspector, or
lacking a principal inspector, the manager of the local flight
standards district office/certificate holding district office.
    (2) Contacting the Manufacturer: For any requirement in this AD
to obtain corrective actions from a manufacturer, the action must be
accomplished using a method approved by the Manager, International
Branch, ANM-116, Transport Airplane Directorate, FAA; or the
European Aviation Safety Agency (EASA); or Fokker B.V. Service's
EASA Design Organization Approval (DOA). If approved by the DOA, the
approval must include the DOA-authorized signature.
    (3) Reporting Requirements: A federal agency may not conduct or
sponsor, and a person is not required to respond to, nor shall a
person be subject to a penalty for failure to comply with a
collection of information subject to the requirements of the
Paperwork Reduction Act unless that collection of information
displays a current valid OMB Control Number. The OMB Control Number
for this information collection is 2120-0056. Public reporting for
this collection of information is estimated to be approximately 5
minutes per response, including the time for reviewing instructions,
completing and reviewing the collection of information. All
responses to this collection of information are mandatory. Comments
concerning the accuracy of this burden and suggestions for reducing
the burden should be directed to the FAA at: 800 Independence Ave.
SW., Washington, DC 20591, Attn: Information Collection Clearance
Officer, AES-200.

(k) Related Information

    Refer to Mandatory Continuing Airworthiness Information (MCAI)
EASA Airworthiness Directive 2015-0024, dated February 19, 2015, for
related information. This MCAI may be found in the AD docket on the
Internet at http://www.regulations.gov by searching for and locating
Docket No. FAA-2016-5035.

(l) Material Incorporated by Reference

    (1) The Director of the Federal Register approved the
incorporation by reference (IBR) of the service information listed
in this paragraph under 5 U.S.C. 552(a) and 1 CFR part 51.
    (2) You must use this service information as applicable to do
the actions required by this AD, unless this AD specifies otherwise.
    (i) Fokker Service Bulletin SBF100-53-128, dated November 12,
2014.
    (ii) Fokker Service Bulletin SBF100-53-129, dated February 16,
2015.
    (3) For service information identified in this AD, contact
Fokker Services B.V., Technical Services Dept., P.O. Box 1357, 2130
EL Hoofddorp, the Netherlands; telephone +31 (0)88-6280-350; fax +31
(0)88-6280-111; email<EMAIL_ADDRESS>Internet http://www.myfokkerfleet.com.
    (4) You may view this service information at the FAA, Transport
Airplane Directorate, 1601 Lind Avenue SW., Renton, WA. For
information on the availability of this material at the FAA, call
425-227-1221.
    (5) You may view this service information that is incorporated
by reference at the National Archives and Records Administration
(NARA). For information on the availability of this material at
NARA, call<PHONE_NUMBER>, or go to: http://www.archives.gov/federal-register/cfr/ibr-locations.html.

    Issued in Renton, Washington, on September 6, 2016.
Michael Kaszycki,
Acting Manager, Transport Airplane Directorate, Aircraft Certification
Service.
[FR Doc. 2016-22186 Filed 9-16-16; 8:45 am]
 BILLING CODE 4910-13-P


[Federal Register Volume 83, Number 66 (Thursday, April 5, 2018)]
[Notices]
[Pages 14690-14696]
[FR Doc No: 2018-06916]

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

SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-82975; File No. SR-Phlx-2018-22]

Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Filing
of Proposed Rule Change To Create a New Rule 1081, To Amend Electronic
Market Maker Obligations and Quoting Requirements for Electronic ROTs,
Which Will Be Defined To Include SQTs, RSQTs, Directed SQTs, Directed
RSQTs, Specialists, and Remote Specialists

March 30, 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 March 20, 2018, Nasdaq PHLX LLC (``Phlx'' or the ``Exchange'') filed
with the Securities and Exchange Commission (``SEC'' or ``Commission'')
the proposed rule change as described in Items I, II, and III below,
which Items have been prepared by the Exchange. The Commission is
publishing this notice to solicit comments on the proposed rule change
from interested persons.
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
---------------------------------------------------------------------------

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

    The Exchange proposes to create a new Rule 1081, to amend
electronic quoting for electronic ROTs, which will be defined to
include SQTs, RSQTs, Directed SQTs, Directed RSQTs, Specialists and
Remote Specialists.
    The text of the proposed rule change is available on the Exchange's
website at http://nasdaqphlx.cchwallstreet.com/, at the principal
office of the Exchange, and at the Commission's Public Reference Room.

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

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

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

1. Purpose
    The purpose of this rule change is to reserve the current quoting
obligations in Phlx Rule 1014(b)(ii)(D) and adopt new Phlx Rule 1081,
which is currently reserved, to amend the current obligations of
electronic ROTs on Phlx. The Exchange proposes to entitle Phlx Rule
1081, ``Electronic Market Maker Obligations and Quoting'' and adopt
certain rule text similar to NASDAQ BX, Inc. (``BX'') Rules at Chapter
VII, Section 5 and quoting obligations similar to BX Rules at Chapter
VII, Section 6which [sic] describes the obligations of market makers.
The Exchange notes that these obligations apply to quotations by of
[sic] SQTs, RSQTs, Directed SQTs, Directed RSQTs, Specialists
(hereinafter, ``electronic ROTs'') electronically through the
Exchange's System.\3\ The Exchange notes that quotes submitted
electronically by a Specialist, while on the trading floor, into the
Exchange's System, would qualify toward the Specialist requirement. All
Specialists are subject to the requirements of Phlx Rule 1081.
Similarly all RSQTs are subject to the requirements of Phlx Rule 1081
as RSQTs by definition have no physical trading floor presence. SQTs by
definition may generate and submit option quotations electronically in
options to which such SQT is assigned while such SQT is physically
present on the floor of the Exchange. The SQTs quotations are subject
to the obligations contained in Rule 1081. Non-SQT ROTs \4\ are not
subject to the quoting requirements in proposed Rule 1081, rather they
are subject to quarterly trading requirements which are specified in
Commentary .01 to Phlx Rule 1014.
---------------------------------------------------------------------------

    \3\ System is defined at Phlx Rule 1000(b)(45).
    \4\ A non-SQT ROT is an ROT who is neither an SQT nor an RSQT.
See Rule 1014(b)(ii)(C). By definition, non-SQT ROTs do not
``stream'' quotes, meaning send quotes electronically to the
Exchange; instead, pursuant to Commentary .18 of Rule 1014, they
submit limit orders electronically and respond to Floor Brokers
verbally.
---------------------------------------------------------------------------

    The Exchange proposes to adopt new sections (a) and (b) of Phlx
Rule 1081 to specify the various obligations of electronic ROTs on
Phlx. In registering as an electronic ROT, member organization [sic]
commits to various obligations. Generally, the Exchange proposes to
indicate that an electronic ROT's transactions, in its market making
capacity,\5\ must constitute a course of dealings reasonably calculated
to contribute to the maintenance of a fair and orderly market, and
those member organizations should not make bids or offers or enter into
transactions that are inconsistent with such course of dealings. The
Exchange also proposes to note, similar to BX Rules at Chapter VII,
Section 5(b) that electronic ROTs should not effect purchases or sales
except in a reasonable and orderly manner. While this rule text is not
explicitly noted in Phlx Rule 1014, the rule does today note at Phlx
Rule 1014(a) that transactions of a Specialist and a ROT should
constitute a course of dealings reasonably calculated to contribute to
the maintenance of a fair and orderly market, and those members should
not enter into transactions or make bids or offers that are
inconsistent with such a course of dealings.
---------------------------------------------------------------------------

    \5\ Electronic ROTs are permitted to enter orders on Phlx as
permitted in Rule 1080(b)(i)(B). Orders are not considered market
making activity for purposes of fulfilling quoting or the other
obligations of an electronic ROT which are proposed herein.
---------------------------------------------------------------------------

    Proposed Phlx Rule 1081(a) provides, ordinarily during trading
hours,\6\ an electronic ROT must: (i) Maintain a two-sided market in
those options in which the electronic ROT is registered to trade, in a
manner that enhances the depth, liquidity and competitiveness of the
market; (ii) engage, to a reasonable degree under the existing
circumstances, in dealings for its own account when there exists, or it
is reasonably anticipated that there will exist, a lack of price
continuity, a temporary disparity between the supply of (or demand for)
a particular option contract, or a temporary distortion of price
relationships between option contracts of the same class; (iii) compete

with other electronic ROTs in all options in all capacities \7\ in
which the electronic ROT is registered to trade; (iv) make markets that
will be honored for the number of contracts entered into Phlx's System
in all options in which the electronic ROT is registered to trade; (v)
update quotations in response to changed market conditions in all
options in which the electronic ROT is registered to trade; (v)
maintain active markets in all options in which the electronic ROT is
registered; and (vi) honor all orders attributed to the electronic ROT
that the System routes to away markets pursuant to Rule 1080(m).\8\
---------------------------------------------------------------------------

    \6\ The Exchange notes that a trading halt may cause the
obligations of electronic ROTs to be suspended because the market is
not open for trading. The Exchange intends that the obligations of
an electronic ROT will be in effect when the Exchange is open for
trading as specified in the Exchange's Rules.
    \7\ For example, competing as a Specialist and as an SQT,
depending on the various capacities of market marking in which the
electronic ROT is engaged.
    \8\ Proposed Phlx Rule 1081(a)(i)-(vii) are similar to BX Rules
at Chapter VII, Section 5(a).
---------------------------------------------------------------------------

    Similar to BX Rules at Chapter VII, Section 5(c), Phlx proposes in
Phlx Rule 1081(b) to provide, ``If Phlx Regulation finds any
substantial or continued failure to engage in a course of dealings as
specified in paragraph (a) of this section, the electronic ROT will be
subject to disciplinary action or suspension or revocation of
registration in one or more of the securities in which the electronic
ROT is registered. Nothing in this rule will limit any other power of
the Board under these Rules, or procedures of Phlx with respect to the
registration of an ROT or in respect of any violation by an ROT
pursuant to this rule.'' \9\ The Exchange believes that the addition of
these obligations will provide additional context as to the obligations
of electronic ROTs on Phlx.
---------------------------------------------------------------------------

    \9\ The Exchange notes that an electronic ROT may be found to
have violated other by-laws and rules of the Exchange which are
separate and apart from these obligations. The Exchange has added
this rule text to make clear that the obligations noted within this
rule are not an exclusive list.
---------------------------------------------------------------------------

Current Quoting Requirements
    The Exchange proposes to amend the current market making quoting
obligations at Phlx Rule 1014(b)(ii)(D)(1). Currently, Phlx requires
that in addition to the other requirements for ROTs set forth in Rule
1014, with some exceptions (e.g., when an RSQT functions as a Remote
Specialist in particular options) \10\ an SQT and an RSQT are
responsible to quote two-sided markets in not less than 60% of the
series in which such SQT or RSQT is assigned, provided that, on any
given day, a Directed SQT (``DSQT'') or a Directed RSQT (``DRSQT'') are
responsible to quote two-sided markets in the lesser of 99% of the
series listed on the Exchange or 100% of the series listed on the
Exchange minus one call-put pair,\11\ in each case in at least 60% of
the options in which such DSQT or DRSQT is assigned. Further, whenever
a DSQT or DRSQT enters a quotation in an option in which such DSQT or
DRSQT is assigned, such DSQT or DRSQT must maintain until the close of
that trading day quotations for the lesser of 99% of the series of the
option listed on the Exchange or 100% of the series of the option
listed on the Exchange minus one call-put pair. The rule also states
that to satisfy the applicable quoting requirements with respect to
quoting a series, an SQT, RSQT, DSQT, or DRSQT must quote such series
90% of the trading day (as a percentage of the total number of minutes
in such trading day) or such higher percentage as the Exchange may
announce in advance.\12\ The rule notes that these obligations apply
collectively to all appointed issues of an SQT, RSQT, DSQT, or DRSQT,
rather than on an issue-by-issue basis. Compliance with this obligation
is determined on a monthly basis. However, determining compliance with
the continuous quoting requirement on a monthly basis does not relieve
an SQT, RSQT, DSQT, or DRSQT of the obligation to provide continuous
two-sided quotes on a daily basis, nor does it prohibit the Exchange
from taking disciplinary action against an SQT, RSQT, DSQT, or DRSQT
for failing to meet the continuous quoting obligation each trading day.
Finally, the Exchange may consider exceptions to the requirement to
quote 90% (or higher) of the trading day based on demonstrated legal or
regulatory requirements or other mitigating circumstances.
---------------------------------------------------------------------------

    \10\ Electronic Specialists have different quoting obligations
currently in Phlx's rule which will be described in more detail in
this proposal. Also, SQTs, DSQTs, RSQTs and DRSQTs are deemed not to
be assigned in any Quarterly Option Series, any adjusted option
series, and any option series until the time to expiration for such
series is less than nine months.
    \11\ A ``call-put pair'' refers to one call and one put that
cover the same underlying instrument and have the same expiration
date and exercise price. See Rule 1014(b)(ii)(D)(6).
    \12\ See Phlx Rule 1014(b)(ii)(D)(1).
---------------------------------------------------------------------------

    Currently, with respect to a Specialist, Phlx Rule
1014(b)(ii)(D)(2) requires the Specialist (including the RSQT
functioning as a Remote Specialist in particular options) quote two-
sided markets in the lesser of 99% of the series or 100% of the series
minus one call-put pair in each option in which such Specialist is
assigned. To satisfy the requirement of this subparagraph (D)(2) with
respect to quoting a series, the Specialist must quote such series 90%
of the trading day (as a percentage of the total number of minutes in
such trading day) or such higher percentage as the Exchange may
announce in advance. These obligations apply collectively to all
appointed issues of the Specialist, rather than on an issue-by-issue
basis. Compliance with this obligation is determined on a monthly
basis. However, determining compliance with the continuous quoting
requirement on a monthly basis does not relieve the Specialist
(including the RSQT functioning as a Remote Specialist in particular
options) of the obligation to provide continuous two-sided quotes on a
daily basis, nor does it prohibit the Exchange from taking disciplinary
action against the Specialist (including the RSQT functioning as a
Remote Specialist in particular options) for failing to meet the
continuous quoting obligation each trading day. Finally, the Exchange
may consider exceptions to the requirement to quote 90% (or higher) of
the trading day based on demonstrated legal or regulatory requirements
or other mitigating circumstances.
    Currently, Phlx Rule 1014(b)(ii)(D)(3) provides that SQTs, RSQTs
and the Specialist assigned in an option shall submit electronic
quotations with a size of not less than the minimum number of contracts
determined by the Exchange on a class by class basis, which minimum
shall be at least one contract. Phlx Rule 1014(b)(ii)(D)(4) provides
that notwithstanding the foregoing, SQTs, DSQTs, RSQTs \13\ and DRSQTs
shall be deemed not to be assigned in any Quarterly Option Series, any
adjusted option series,\14\ and any option series until the time to
expiration for such series is less than nine months. Thus, the quoting
obligations described above do not apply to SQTs, DSQTs, RSQTs and
DRSQTs respecting Quarterly Option Series, Adjusted Option Series, and
series with an expiration of nine months or greater. Phlx Rule
1014(b)(ii)(D)(5) provides that if a technical failure or limitation of
a System of the Exchange prevents a participant from maintaining, or
prevents a participant from communicating to the Exchange, timely and
accurate quotes, the duration of such failure or limitation shall not
be included in any of the calculations under Rule 1014(b)(ii)(D) with
respect to the affected quotes.
---------------------------------------------------------------------------

    \13\ This provision does not apply to RSQTs when they are
functioning as Remote Specialists in particular options.
    \14\ Phlx defines an adjusted option series as an option series
wherein one option contract in the series represents the delivery of
other than 100 shares of underlying stock or Exchange-Traded Fund
Shares (``Adjusted Options Series'').

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

Proposed Quoting Requirements
    The Exchange proposes to amend its electronic quoting requirements
at proposed Phlx Rule 1081(c). The Exchange notes that electronic ROTs
must enter bids and offers for the options to which it is registered,
except in an assigned options series listed intra-day on the Exchange.
The Exchange notes that intra-day [sic] add of a series would be
counted the following trading day (next business day after the intra-
day add of a series was listed) when the option series would be
available for a full trading day.\15\ Today, an electronic ROT is not
held to quote an intra-day add of a series because the options series
was not available for trading the entire day. The Exchange is adding
this exception to the rule text to make clear that electronic ROTs
would not be responsible for quoting an intra-day addition. The
Exchange believes that not counting intra-day adds of a series that
were not available for the entire day of trading is consistent with the
Act because the electronic ROT would not have the opportunity to trade
that particular options series for the entire trading day.
---------------------------------------------------------------------------

    \15\ An intra-day add of a series shall be defined, for purposes
of this Rule 1081, as an option series that is added manually on the
same day the series begins trading.
---------------------------------------------------------------------------

    Further, the proposed rule text notes, as is the case today, on a
daily basis an SQT and RSQT would be obligated to meet certain quoting
requirements. An SQT or RSQT who is also the Specialist will be held to
the Specialist obligations in options series in which the Specialist is
assigned and will be held to SQT and RSQT obligations in all other
options series where assigned. An SQT or RSQT who receives a Directed
Order shall be held to the standard of a Directed SQT or Directed RSQT,
as appropriate. This is the case today, although the current rule text
does not state specifically that each obligation is separate. The
Exchange's proposed rule text at Phlx Rule 1081(c) is not contained in
the current rule, but is the current practice on Phlx. This additional
detail is being added to the text of the proposed rule to further
clarify the manner in which the quoting obligations are applied.
    With respect to electronic ROTs, similar to the existing Phlx
language at Phlx Rule 1014(b)(ii)(D)(3), the Exchange proposes to
continue to require the best bid and best offer entered by an
electronic ROT to have a size of not less than the minimum number of
contracts determined by the Exchange on a class by class basis, which
minimum shall be at least one (1) contract. Further, the rule text
specifies at Phlx Rule 1081(c)(i) that an electronic ROT's bid and
offer for a series of options contracts shall be accompanied by the
number of contracts at that price the electronic ROT is willing to buy
or sell.\16\ This language is similar to BX Rules at Chapter VII,
Section 6(a). Today, Phlx Rule 1014(b)(ii)(D)(3) requires SQTs, RSQTs
and the Specialist assigned in such option to submit electronic
quotations with a size of not less than the minimum number of contracts
determined by the Exchange on a class by class basis, which minimum
shall be at least one contract. The Exchange is not introducing a new
concept with this proposed language, rather the Exchange is retaining
its current language regarding minimum size. The BX Rule differs from
the Phlx Rule in this regard. BX's Rule Provides that a Participant
``must have a size of at least one (1) contract'' without reference to
BX setting a minimum number. Phlx's Rule is generally similar to BX,
except Phlx is retaining its rule text which permits the Exchange to
determine the minimum number of contracts. The proposed rule text
states, ``The best bid and best offer submitted by an electronic ROT
must have a size of not less than the minimum number of contracts
determined by the Exchange on a class by class basis, which minimum
shall be at least one (1) contract.'' Today, an electronic ROT's bid
and offer for a series of options contracts is quoted at a price for
the number of contracts the electronic ROT is willing to buy or sell.
---------------------------------------------------------------------------

    \16\ See proposed Phlx Rule 1081(c)(i).
---------------------------------------------------------------------------

    The Exchange proposes language at Phlx Rule 1081(c)(ii) that
requires an electronic ROT that enters a bid (offer) in a series of an
option in which he is registered on Phlx to enter an offer (bid).\17\
This requirement to maintain a two-sided quote is similar to what is
required today on Phlx.\18\ The Exchange does not propose to amend the
manner in which this provision is currently applied to an electronic
ROT.
---------------------------------------------------------------------------

    \17\ See proposed Phlx Rule 1081(c)(ii).
    \18\ See Phlx Rule 1014(b)(ii)(D)(1). This requirement is also
similar to BX Rules at Chapter VII, Section 6(b).
---------------------------------------------------------------------------

    Proposed Phlx Rule 1081(c)(ii)(A) provides that SQTs and RSQTs,
associated with the same member organization, are collectively required
to provide two-sided quotations in 60% of the cumulative number of
seconds, or such higher percentage as Phlx may announce in advance, for
which that member organization's assigned options series are open for
trading. The Exchange includes proposed rule text at Phlx Rule
1081(c)(ii)(D), which provides that the obligation at Phlx Rule
1081(c)(ii)(A) would be calculated by (i) taking the total number of
seconds the member organization disseminates quotes in each assigned
options series, excluding Quarterly Option Series, any Adjusted Option
Series, and any option series with an expiration of nine months or
greater for SQTs, RSQTs, Directed SQTs and Directed RSQTs; and (ii)
dividing that time by the eligible total number of seconds each
assigned option series is open for trading that day. SQTs and RSQTs
would not be required to quote Quarterly Option Series, any Adjusted
Options Series, and any option series with an expiration of nine months
or greater. Further, the rule text notes that quoting is not required
in every assigned options series. Compliance with this requirement is
determined by reviewing the aggregate of quoting in assigned options
series for the member organization.\19\ Proposed Phlx Rule
1081(c)(ii)(A) also provides, similar to today, that notwithstanding
the foregoing, a member organization shall not be required to make two-
sided markets pursuant to 1081(c)(ii) in any Quarterly Option Series,
any Adjusted Options Series, and any option series with an expiration
of nine months or greater.\20\
---------------------------------------------------------------------------

    \19\ See Phlx Rule 1081(c)(ii)(D).
    \20\ This is similar to Phlx Rule 1014(b)(ii)(D)(4). The
Exchange is utilizing the phrase ``series with an expiration of nine
months or greater'' in this version simply for clarity and to
conform to the current BX language at BX Rules at Chapter VII at
Section 6. Once the options series had less than nine months of
expiration, the electronic ROT would be required to commence quoting
the options series if appointed in that options series.
---------------------------------------------------------------------------

    The current Phlx rule requires SQTs and RSQTs to quote 60% of the
series 90% of the trading day.\21\ By comparison, the proposed rule
change, which is similar to BX's Rule at Chapter VII, Section
6(d)(i)(1) [sic].\22\ The SQTs and RSQTs may quote any combination of
series, and does not necessarily have to quote every assigned options
series. Similar to today, these quotations must continue to meet the
legal quote width requirements specified in Phlx Rule 1014(c)(i)(A)(1)
and (2). The proposal better accommodates the occasional issues that
may arise in a particular series, whether technical or manual. The
existing requirement may at times discourage liquidity in particular
options series because an electronic ROT is forced to focus on a
momentary lapse, rather than using the appropriate resources to focus
on the options series that need and consume additional liquidity.
---------------------------------------------------------------------------

    \21\ See Phlx Rule 1014(b)(ii)(D)(1).
    \22\ See proposed Phlx Rule 1081(c)(ii)(A) and (D).

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

    The Exchange is defining an Adjusted Options Series as an option
series wherein one option contract in the series represents the
delivery of other than 100 shares of underlying stock or Exchange-
Traded Fund Shares. This definition at Proposed Phlx Rule
1081(c)(ii)(A)(i) is the same definition that is currently in Phlx Rule
1014(b)(ii)(D)(4).
    Proposed Phlx Rule 1081(c)(ii)(B) provides that Specialists
(including Remote Specialists), associated with the same member
organization, are collectively required to provide two-sided quotations
in 90% of the cumulative number of seconds, or such higher percentage
as Phlx may announce in advance, for which that member organization's
assigned options series are open for trading. The Exchange includes
proposed rule text at Phlx Rule 1081(c)(ii)(D), which provides that the
obligation at Phlx Rule 1081(c)(ii)(B) would be calculated by (i)
taking the total number of seconds the member organization disseminates
quotes in each assigned options series; and (ii) dividing that time by
the eligible total number of seconds each assigned option series is
open for trading that day. Further, the rule text notes that quoting is
not required in every assigned options series.\23\ Compliance with this
requirement is determined by reviewing the aggregate of quoting in
assigned options series for the member organization.\24\ The [sic]
proposal to quote in aggregate all of assigned series 90% of the
trading day would align Phlx's Rule to that of BX.
---------------------------------------------------------------------------

    \23\ See proposed Phlx Rule 1081(c)(ii)(B) and (D).
    \24\ See Phlx Rule 1081(c)(ii)(D).
---------------------------------------------------------------------------

    This is an amendment from the current Phlx requirement which
requires a Specialist to quote two-sided markets in the lesser of 99%
of the series or 100% of the series minus one call-put pair in each
option in which the Specialist is assigned. Today, the Specialist must
quote such series 90% of the trading day (as a percentage of the total
number of minutes in such trading day) or such higher percentage as the
Exchange may announce in advance.\25\ The Exchange desires to lower the
requirement to conform to BX's requirement for Lead Market Makers, the
equivalent of Phlx's Specialists, at BX Rules at Chapter VII, Section
14(f). As is the case today, these quotations must meet the legal quote
width requirements specified in Phlx Rule 1014(c)(i)(A)(1) and (2). The
Exchange notes that Specialists continue to have heightened quoting
requirements as compared to electronic ROTs, which heightened
obligations allow for the Specialist to receive certain participation
rights.\26\ The participation rights reward Specialists for making
markets and providing other market participants an incentive to quote
aggressively.
---------------------------------------------------------------------------

    \25\ See Phlx Rule 1014(b)(ii)(D)(2).
    \26\ See Phlx Rule 1014(g)(vii)(B)(1)(c).
---------------------------------------------------------------------------

    Today, Phlx Rule 1014(b)(ii)(D)(4) provides an exception from the
quoting obligations in Quarterly Option Series, Adjusted Options
Series, and any option series until the time for expiration for such
series is less than nine months, for SQTs, DSQTs, RSQTs, and DRSQTs.
This exception does not apply to Specialists or Remote Specialists
because they are not listed as an excepted class. The Exchange's
proposal continues to require Specialists and Remote Specialists to
quote in Quarterly Option Series, Adjusted Options Series, and any
option series until the time for expiration for such series is less
than nine months where assigned.\27\ This rule text does not conform to
BX Rules at Chapter VII, Section 14. A BX Lead Market Maker is not
required to quote Quarterly Options Series, Adjusted Options Series, or
any series with a time to expiration of nine months or greater.
---------------------------------------------------------------------------

    \27\ See Phlx Rule 1081(c)(ii)(B).
---------------------------------------------------------------------------

    Proposed Phlx Rule 1081(c)(ii)(C) provides Directed SQTs and
Directed RSQTs, associated with the same member organization, are
collectively required to provide two-sided quotations in 90% of the
cumulative number of seconds, or such higher percentage as Phlx may
announce in advance, for which that member organization's assigned
options series are open for trading. The Exchange includes proposed
rule text at Phlx Rule 1081(c)(ii)(D), which provides that the
obligation at Phlx Rule 1081(c)(ii)(C) would be calculated by (i)
taking the total number of seconds the member organization disseminates
quotes in each assigned options series, excluding Quarterly Option
Series, any Adjusted Options Series, and any option series with an
expiration of nine months or greater for SQTs, RSQTs, Directed SQTs and
Directed RSQTs; and (ii) dividing that time by the eligible total
number of seconds each assigned option series is open for trading that
day. Further, the rule text notes that quoting is not required in every
assigned options series.\28\ Compliance with this requirement is
determined by reviewing the aggregate of quoting in assigned options
series for the member organization.\29\ Notwithstanding the foregoing,
a member organization shall not be required to make two-sided markets
pursuant to 1081(c)(ii) in any Quarterly Option Series, any Adjusted
Options Series, and any option series with an expiration of nine months
or greater.\30\ This provision is not being amended and is similar to
the current Phlx rule and BX Rules at Chapter VII, Section 15(iv).\31\
These quotations must meet the legal quote width requirements specified
in Phlx Rule 1014(c)(i)(A)(1) and (2).
---------------------------------------------------------------------------

    \28\ See proposed Phlx Rule 1081(c)(ii)(C) and (D).
    \29\ See Phlx Rule 1081(c)(ii)(D).
    \30\ As noted herein, for purposes of this Rule, an adjusted
option series is defined as an option series wherein one option
contract in the series represents the delivery of other than 100
shares of underlying stock or Exchange-Traded Fund Shares
(``Adjusted Options Series''). Once the options series had less than
nine months of expiration, the electronic ROT would be required to
commence quoting the options series if appointed in that options
series.
    \31\ This is similar to Phlx Rule 1014(b)(ii)(D)(4). The
Exchange is utilizing the phrase ``series with an expiration of nine
months or greater'' in this version simply for clarity. This
provision, which refers to any series with an expiration of nine
months or greater, is the same measure utilized today on Phlx,
however, it is phrased different [sic].
---------------------------------------------------------------------------

    The proposed provisions amend the current Phlx requirement which
requires a Directed ROT to quote two-sided markets in the lesser of 99%
of the series listed on the Exchange or 100% of the series listed on
the Exchange minus one call-put pair, in each case in at least 60% of
the options in which such DSQT or DRSQT is assigned. Whenever a DSQT or
DRSQT enters a quotation in an option in which such DSQT or DRSQT is
assigned, such DSQT or DRSQT must maintain until the close of that
trading day quotations for the lesser of 99% of the series of the
option listed on the Exchange or 100% of the series of the option
listed on the Exchange minus one call-put pair. The Exchange desires to
lower the requirement to conform to BX's requirement for Directed
Market Makers in BX Rules at Chapter VII, Section 15(iii). The Exchange
notes that Directed SQTs and Directed RSQTs continue to have heightened
quoting requirements as compared to electronic ROTs, which heightened
obligations allow for the Directed SQTs and Directed RSQTs to receive
certain participation rights.\32\ The enhanced participation rights
reward Directed SQTs and Directed RSQTs for making markets and
providing other market participants an incentive to quote aggressively.
---------------------------------------------------------------------------

    \32\ See Phlx Rule 1014(g)(viii)(B)(1) [sic].
---------------------------------------------------------------------------

    For purposes of the quoting obligations specified in proposed Rule
1081(c)(ii)(C) a member organization shall be considered directed in
all assigned options once the member organization receives a Directed
Order in any option in which they are

assigned and shall be considered a Directed SQT or Directed RSQT until
such time as the member organization notifies the Exchange that they
are no longer directed.\33\ The Exchange notes that if a member desired
to become a Directed SQT that this obligation would commence when that
Directed SQT executed an order directed to the Directed SQT. For
example if on March 15, 2018 at 3:00 p.m. SQT A received its first
directed order, the quoting obligations would begin at that time (3:00
p.m.) and would continue until such time as SQT A informed Nasdaq [sic]
Operations that it no longer desired to be directed. If a Directed SQT
or Directed RSQT no longer desired to participate in the Directed Order
program the Exchange would not permit the Directed SQT or Directed
[sic] to receive an enhanced allocation pursuant to Rule
1014(g)(viii).\34\ A Directed SQT's or Directed RSQT's quoting
obligations would cease at such time as the member organization
contacted Nasdaq [sic] Operations indicating the firm no longer desired
to participate as a Directed SQT or a Directed RSQT.
---------------------------------------------------------------------------

    \33\ A member organization that desires not to be directed would
contact the Exchange's Operations desk.
    \34\ Once the Nasdaq [sic] Operations desk was contacted, Nasdaq
[sic] staff would take steps to remove the ability of the member
organization to be allocated as a Directed SQT or a Directed RSQT.
---------------------------------------------------------------------------

    As is the case today, Phlx Regulation may consider exceptions to
the above-referenced requirement to quote based on demonstrated legal
or regulatory requirements or other mitigating circumstances. For
purposes of the Exchange's surveillance of member organization
compliance with this rule, the Exchange may determine compliance on a
monthly basis. The Exchange's monthly compliance evaluation of the
quoting requirement does not relieve a member organization of the
obligation to provide two-sided quotes on a daily basis, nor will it
prohibit the Exchange from taking disciplinary action against a member
organization for failing to meet the quoting obligation each trading
day.\35\ Further, as is the case today, if a technical failure or
limitation of a System of Phlx prevents a member organization from
maintaining, or prevents a member organization from communicating to
Phlx timely and accurate quotes, the duration of such failure or
limitation shall not be included in any of the calculations under
subparagraph (c)(ii) of proposed Rule 1081 with respect to the affected
quotes.\36\
---------------------------------------------------------------------------

    \35\ See Phlx Rule 1014(b)(ii)(D)(1) and (2).
    \36\ See Phlx Rule 1014(b)(ii)(D)(5).
---------------------------------------------------------------------------

    Example for calculating quoting for an electronic ROT:
    Market Maker firm A (``MM A'') has Badges 1, 2 and 3. MM A has
permission to quote underlying U which has options U1, U2, U3, U4, and
U5. MM A also has permission to quote underlyings V and W.

Option U1 opened at 09:30:30 and closed at 16:00:39
Badge 1 quoted U1 at 09:35:30 @13.00(10)-15.00(10)
Badge 1 updated quote in U1 at 09:50:31 @10.00(10)-15.00(20)
Badge 1 purged quote at 15:55:40
Total quoted time for U1 is: 15:55:40-09:35:30 = (15-9)*3600 + (55-
35)*60 + (40-30) = 22810 (seconds)
Total available quote time for U1 is: 16:00:39-09:30:30 = (15-9)*3600 +
(60-30)*60 + (39-30) = 23409 (seconds)

Option U2 opened at 09:30:32 and closed at 16:00:29
Badge 2 quoted U2 at 10:05:30 @13.00(10)-15.00(10)
Badge 2 updated quote in U2 at 11:00:01 @11.00(10)-16.00(20)
Badge 2 purged quote at 15:05:40
Total quoted time for U2 is: 15:05:40-10:05:30 = (14-10)*3600 + (65-
05)*60 + (40-30)= 18010 (seconds)
Total available quote time for U2 is: 16:00:29-09:30:32 = (15-9)*3600 +
(59-30)*60 + (89-32) = 23397 (seconds)

Option U3 opened at 09:40:02 and closed at 16:01:20
Badge 3 quoted U3 at 11:10:21 @21.00(10)-24.00(20)
Badge 3 purged quote at 15:00:05
Total quoted time for U3 is: 15:00:05-11:10:21 = (14-11)*3600 + (59-
10)*60 + (65-21) = 13784 (seconds)
Total available quote time for U3 is: 16:01:20-09:40:02 = (15-9)*3600 +
(61-40)*60 + (20-2) = 22878 (seconds)

Option U4 opened at 9:30:01 and closed at 16:00:20
Badge 1, 2 and 3 all quoted option U4:
Badge 1 quoted U4 at 09:38:59 @35.00(10)-37.00(10)
Badge 1 updated quote in U4 at 10:30:21 @31.00(10)-37.00(20)
Badge1 purged quote in U4 at 15:45:00
Badge 2 quoted U4 at 09:34:29 @35.00(10)-37.00(10)
Badge 2 purged quote at 15:35:55
Badge 3 quoted U4 at 10:33:21 @36.00(10)-38.00(20)
Badge 3 purged quote at 15:59:34
Since Badge 2 began quoting U4 at the earliest time, this time is used
for the total quote time determination. Similarly, MM A's Badge 3 was
last to purge his quote in U4 so this purge time is used for the total
quote time determination.
Total quoted time for U4 is: 15:59:34-09:34:29 = (15-09)*3600 + (59-
34)*60 + (34-29) = 23105 (seconds)
Total available quote time is: 16:00:20-09:30:01 = (15-9)*3600 + (60-
30)*60 + (20-1) = 23419 (seconds)

Option U5 opened at 9:30:11 and closed at 16:00:23
No MM A badges quoted U5 thus, the total quoted time for U5 will be: 0
(seconds)
Total available quote time is: 16:00:23-09:30:11 = (15-9)*3600 + (60-
30)*60 + (23-11) = 23412 (seconds)

    The Total quote percentage for MM A is:

Total time for MM A quoted underlying U: 22810 + 18010 + 13784 + 23105
+ 0 = 77709 (seconds)
Total eligible quoting time for MM A on underlying U: 23409 + 23397 +
22878 + 23419 + 23412 = 116515 (seconds)

Similarly assume:

Total time for MM A quoted underlying V: 70983(seconds)
Total eligible quoting time for MM A on underlying V: 84515 (seconds)

Total time for MM A quoted underlying W: 0(seconds)
Total eligible quoting time for MM A on underlying W: 46513 (seconds)

Then the total quoting percentage for MM A is:

(77709 + 70983 + 0) / (116515 + 84515 + 46513) = 148692/247543 = 60.07%
2. Statutory Basis
    The Exchange believes that its proposal is consistent with Section
6(b) of the Act,\37\ in general, and furthers the objectives of Section
6(b)(5) of the Act,\38\ in particular, in that it is designed to
promote just and equitable principles of trade, 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 for the reasons stated below.
---------------------------------------------------------------------------

    \37\ 15 U.S.C. 78f(b).
    \38\ 15 U.S.C. 78f(b)(5).
---------------------------------------------------------------------------

    The Exchange believes that its proposed rule change provides
further detail as to obligations of electronic ROTs on Phlx. The
Exchange's proposed obligations, which are similar to BX Rules at
Chapter VII, Section 5, delineate examples of the type of activity that
constitutes a course of dealings reasonably calculated to contribute to
the maintenance of a fair and orderly market. This proposal is
consistent with the Act because it removes impediments to and perfects
the mechanism of a free and open market and a national market system by

imposing obligations on market makers with respect to making markets on
Phlx. While under the proposal there are quoting requirements changes,
the Exchange does not believe that these changes reduce the overall
obligations applicable to electronic ROTs.\39\ Moreover, the Exchange
believes that the proposal may increase market making activity on the
Exchange and the quality of the Exchange's market by establishing
quoting compliance standards that are reasonable and already in place
on other options exchanges.\40\
---------------------------------------------------------------------------

    \39\ In this respect, the Exchange notes that electronic ROTs
are subject to many obligations aside from quoting, including, for
example, the obligation to maintain a fair and orderly market in
their appointed classes, and the obligation to conduct the opening
and enter continuous quotations in all of the series of their
appointed options classes within maximum spread requirements.
    \40\ See BX Rules at Chapter VII at Section 6.
---------------------------------------------------------------------------

    With respect to the quoting obligations, the Exchange's proposal
seeks to conform the quoting obligations to that of BX's Rules.\41\ The
Exchange is amending the quoting obligations for electronic ROTs to
lower the obligations. Phlx's current quoting requirements are much
more stringent than certain other exchanges. Quoting two-sided markets
in not less than 60% of the series in which such SQT or RSQT is
assigned and also for a Specialist (including Remote Specialist),
Directed SQT or Directed SQT [sic] quoting two-sided markets in the
lesser of 99% of the series or 100% of the series minus one call-put
pair in each option in which such Specialist is assigned, 90% of the
trading day (as a percentage of the total number of minutes in such
trading day) or such higher percentage as the Exchange may announce, is
much more stringent than looking at all options in which an electronic
ROT is registered, because it [sic] allows for some number of series
not to be quoted at all, as long as the overall standard is met. This
better accommodates the occasional issues that may arise in a
particular series, whether technical or manual. The existing
requirement may at times discourage liquidity in particular options
series because an electronic ROT is forced to focus on a momentary
lapse rather than using the appropriate resources to focus on the
options series that need and consume additional liquidity. Phlx
believes that it can better attract electronic ROTs and grow its market
if its quoting obligation is more in line with that of other exchanges.
---------------------------------------------------------------------------

    \41\ See BX Rules at Chapter VII at Sections 6, 14 and 15. The
proposed rule text is different than the BX rule text with respect
to quoting obligations, however the computation of the quoting
obligations will be the same as BX's computations today.
---------------------------------------------------------------------------

    The Exchange's proposal that SQTs and RSQTs, associated with the
same member organization, are collectively required to provide two-
sided quotations in 60% of the cumulative number of seconds, or such
higher percentage as Phlx may announce in advance, for which that
member organization's assigned options series are open for trading
seeks to promote just and equitable principles of trade, and to foster
cooperation and coordination with persons engaged in facilitating
transactions in securities by aligning Phlx's Rules with quoting
obligations on BX. The Exchange notes that electronic ROTs are required
to abide by the Exchange's obligations in order to contribute to the
maintenance of a fair and orderly market.
    The proposal supports the quality of the Exchange's market by
helping to ensure that electronic ROTs will continue to be obligated to
quote in a percentage of their assigned series. Ultimately, the benefit
the proposed rule change confers upon electronic ROTs is offset by the
continued responsibilities to provide significant liquidity to the
market to the benefit of market participants. Despite the reduction,
the Exchange believes that the proposed rule text is consistent with
the Act because the quoting obligations are similar to quoting
obligations on BX today.\42\ Determining compliance with the continuous
quoting requirement on a monthly basis would not relieve an electronic
ROT from the obligation to quote two-sided quotes for 60% of the
cumulative number of seconds on a daily basis, nor would it prohibit
the Exchange from taking disciplinary action against an electronic ROT
for failing to meet the quoting obligation each trading day. For these
reasons, the Exchange believes that the proposed changes to the quoting
obligations are consistent with the Act. Further, the proposed changes
to the quoting obligations for electronic ROTs are consistent with
market maker obligations in place on BX as noted herein.\43\
---------------------------------------------------------------------------

    \42\ See BX Rules at Chapter VII at Sections 6, 14 and 15.
    \43\ Id.
---------------------------------------------------------------------------

    Further, the Exchange's proposal to amend the quoting obligations
for Specialists and electronic Directed SQTs and Directed RSQTs is
consistent with the Act because despite lowering the current
obligations, the Exchange continues to impose higher quoting
obligations on Specialists and electronic Directed SQTs and Directed
RSQTs as compared to SQTs and RSQTs because they are entitled to
certain allocation benefits that other ROTs are not entitled to today.
Phlx Rule 1014(g)(vii) provides for the allocation method for
electronic ROTs on Phlx after the Specialist Participation Entitlement
has been applied and Phlx Rule 1014(g)(viii) provides for the
allocation method in the case of directed orders to the electronic
Directed SQT and Directed RSQT, and such allocation will depend on the
number of electronic ROTs present. The Specialist receives an
entitlement after all Customer orders have been fully executed provided
the Specialist's bid/offer is at or improves on the Exchange's
disseminated price and up to the Specialist's displayed size.\44\ A
DSQT or a DRSQT shall be allocated a participation entitlement as
specified in Phlx Rule 1014(g)(viii)(B)(1) and (2). The Exchange notes
that Specialists and Directed SQTs and Directed RSQTs continue to have
heightened quoting requirements as compared to electronic ROTs, which
heightened obligations allow for the Specialist, Directed SQTs and
Directed RSQTs to receive certain enhanced participation rights.\45\
The enhanced participation rights reward Specialists, Directed SQTs and
Directed RSQTs for making markets and providing other market
participants an incentive to quote aggressively. While electronic ROTs
will be subject to lower quoting requirements as compared to
Specialists and electronic Directed SQTs and Directed RSQTs, they will
also be entitled to lower allocations. The Exchange believes that the
proposed rule text is consistent with the Act because the obligations
are commensurate with the ability to achieve certain allocations. The
Exchange believes that its proposal will continue to align SQTS and
RSQTs, Specialists and electronic Directed SQTs and Directed RSQTs
accordingly. Also, the proposal will align with quoting requirements on
BX today.\46\
---------------------------------------------------------------------------

    \44\ The Specialist Participation Entitlement shall be 60% of
remaining interest if there is one other ROT at that price. The
Specialist Participation Entitlement shall be 40% of remaining
interest if there are two ROTs at that price. Finally, the
Specialist Participation Entitlement 30% of remaining interest if
there are more than two other ROTs at that price. See Phlx Rule
1014(g)(vii)(B)(1)(c) and 1014(g)(ii).
    \45\ See Phlx Rule 1014(g)(vii)(B)(1)(c) and (g)(viii)(B)(1)
[sic].
    \46\ See BX Rules at Chapter VII at Sections 6, 14 and 15.
---------------------------------------------------------------------------

    Finally the proposed rule text serves to provide more specificity
to members regarding the manner in which quoting obligations are
calculated.

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. Electronic ROTs will continue
to be entitled to certain allocations, similar to today. Electronic
ROTs, unlike other market participants, have obligations which the
Exchange has memorialized within the proposed rule text. The Exchange
believes that treating Electronic ROTs differently than other market
participants does not impose an undue burden on competition because
Electronic ROTs provide liquidity to the market which benefits market
participants who interact with that liquidity. The Exchange requires
Electronic ROTs today to maintain fair and orderly markets. The
Exchange believes the allocation benefits are commensurate with the
quoting obligations imposed on Electronic ROTs. Additionally, the
Exchange believes that the varying quoting requirements as between
electronic ROTs and Specialists and electronic Directed SQTs and
Directed RSQTs does not impose an undue burden on competition because
while electronic ROTs will be subject to lower quoting requirements as
compared to Specialists and electronic Directed SQTs and Directed
RSQTs, they will also be entitled to lower allocations.

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

    No written comments were either solicited or received.

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

    Within 45 days of the date of publication of this notice in the
Federal Register or within such longer period (i) as the Commission may
designate up to 90 days of such date if it finds such longer period to
be appropriate and publishes its reasons for so finding or (ii) as to
which the Exchange consents, the Commission shall: (a) By order approve
or disapprove such proposed rule change, or (b) institute proceedings
to determine whether the proposed rule change should be 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-Phlx-2018-22 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-Phlx-2018-22. 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-Phlx-2018-22, and should be submitted on
or before April 26, 2018.

    For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\47\
---------------------------------------------------------------------------

    \47\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------

Eduardo Aleman,
Assistant Secretary.
[FR Doc. 2018-06916 Filed 4-4-18; 8:45 am]
 BILLING CODE 8011-01-P


[Federal Register Volume 79, Number 204 (Wednesday, October 22, 2014)]
[Notices]
[Page 63114]
[FR Doc No: 2014-25061]

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

DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission

Combined Notice of Filings #1

    Take notice that the Commission received the following electric
corporate filings:

    Docket Numbers: EC15-10-000.
    Applicants: Palouse Wind, LLC.
    Description: Application for Authorization Under Section 203 of the
Federal Power Act and Request for Waivers, Confidential Treatment,
Shortened Comment Period and Expedited Action of Palouse Wind, LLC.
    Filed Date: 10/10/14.
    Accession Number: 20141010-5208.
    Comments Due: 5 p.m. ET 10/31/14.

    Take notice that the Commission received the following electric
rate filings:

    Docket Numbers: ER10-2848-005; ER11-1939-007; ER11-2754-007; ER12-
999-005; ER12-1002-005; ER12-1005-005; ER12-1006-005; ER12-1007-006.
    Applicants: AP Holdings, LLC, AP Gas & Electric (IL), LLC, AP Gas &
Electric (MD), LLC, AP Gas & Electric (NJ), LLC, AP Gas & Electric
(NY), LLC, AP Gas & Electric (OH), LLC, AP Gas & Electric (PA), LLC, AP
Gas & Electric (TX), LLC.
    Description: Supplement to June 30, 2014 Updated Market Power
Analysis for the Northeast Region of AP Holdings Sellers.
    Filed Date: 10/14/14.
    Accession Number: 20141014-5317.
    Comments Due: 5 p.m. ET 11/4/14.

    Docket Numbers: ER10-3069-005; ER10-3070-005.
    Applicants: Alcoa Power Generating Inc., Alcoa Power Marketing LLC.
    Description: Supplement to June 30, 2014 Southeast Triennial Update
of the Alcoa Companies.
    Filed Date: 10/14/14.
    Accession Number: 20141014-5364.
    Comments Due: 5 p.m. ET 11/4/14.

    Docket Numbers: ER11-1850-005; ER11-1847-005; ER11-1846-005; ER14-
1360-001; ER11-2598-008; ER14-1359-001; ER12-1152-005; ER12-1153-005;
ER13-1192-002; ER11-3623-002; ER11-1848-005.
    Applicants: Direct Energy Business, LLC, Direct Energy Marketing
Inc., Direct Energy Services, LLC, Energetix DE, LLC, Gateway Energy
Services Corporation, NYSEG Solutions, LLC, Bounce Energy NY, LLC,
Bounce Energy PA, LLC, Direct Energy Business Marketing, LLC, Hess
Small Business Services LLC; Energy America, LLC.
    Description: Supplement to July 1, 2014 Northeast Region Triennial
Report of the Direct Energy Sellers.
    Filed Date: 10/14/14.
    Accession Number: 20141014-5183.
    Comments Due: 5 p.m. ET 11/4/14.

    Docket Numbers: ER12-316-005.
    Applicants: NorthWestern Corporation.
    Description: Compliance filing per 35: Schedule 3 Further
Compliance Filing to be effective 1/1/2011.
    Filed Date: 10/14/14.
    Accession Number: 20141014-5345.
    Comments Due: 5 p.m. ET 11/4/14.

    Docket Numbers: ER14-2464-001.
    Applicants: Midcontinent Independent System Operator, Inc.
    Description: Tariff Amendment per 35.17(b): 2014-10-14_Deficiency
Response SA 2678 OTP-Border Winds FCA (J290) to be effective 7/19/2014.
    Filed Date: 10/14/14.
    Accession Number: 20141014-5336.
    Comments Due: 5 p.m. ET 11/4/14.

    Docket Numbers: ER14-2913-000; ER14-2912-000.
    Applicants: UP Power Marketing LLC.
    Description: Supplement to September 19, 2014 UP Power Marketing
LLC and White Pine Electric Power L.L.C. notice of non material change
in status filings.
    Filed Date: 10/10/14.
    Accession Number: 20141010-5166.
    Comments Due: 5 p.m. ET 10/31/14.

    Docket Numbers: ER15-76-000.
    Applicants: Southern California Edison Company.
    Description: Sec.  205(d) rate filing per 35.13(a)(2)(iii): Letter
Agreement with Imperial Irrigation District to be effective 10/6/2014.
    Filed Date: 10/14/14.
    Accession Number: 20141014-5002.
    Comments Due: 5 p.m. ET 11/4/14.

    Docket Numbers: ER15-77-000.
    Applicants: Southwest Power Pool, Inc.
    Description: Sec.  205(d) rate filing per 35.13(a)(2)(iii): 2041R3
Kansas City Board of Public Utilities PTP Agreement to be effective 8/
1/2014.
    Filed Date: 10/14/14.
    Accession Number: 20141014-5174.
    Comments Due: 5 p.m. ET 11/4/14.

    Docket Numbers: ER15-78-000.
    Applicants: Southern California Edison Company.
    Description: Sec.  205(d) rate filing per 35.13(a)(2)(iii): LGIA
with Desert Harvest, LLC and Desert Harvest II, LLC to be effective 10/
15/2014.
    Filed Date: 10/14/14.
    Accession Number: 20141014-5270.
    Comments Due: 5 p.m. ET 11/4/14.

    Docket Numbers: ER15-79-000.
    Applicants: Southern California Edison Company.
    Description: Sec.  205(d) rate filing per 35.13(a)(2)(iii): LGIA
with Cabazon Wind Energy, LLC to be effective 12/14/2014.
    Filed Date: 10/14/14.
    Accession Number: 20141014-5272.
    Comments Due: 5 p.m. ET 11/4/14.

    Docket Numbers: ER15-80-000.
    Applicants: PJM Interconnection, L.L.C.
    Description: Sec.  205(d) rate filing per 35.13(a)(2)(iii): 3rd
Quarter 2014 Updates to OA/RAA Membership Lists to be effective 9/30/
2014.
    Filed Date: 10/14/14.
    Accession Number: 20141014-5334.
    Comments Due: 5 p.m. ET 11/4/14.

    Take notice that the Commission received the following qualifying
facility filings:

    Docket Numbers: QF14-642-000.
    Applicants: CII Methane Management IV, LLC.
    Description: Refund Report of CII Methane Management IV, LLC.
    Filed Date: 10/14/14.
    Accession Number: 20141014-5162.
    Comments Due: None Applicable.

    The filings are accessible in the Commission's eLibrary system by
clicking on the links or querying the docket number.
    Any person desiring to intervene or protest in any of the above
proceedings must file in accordance with Rules 211 and 214 of the
Commission's Regulations (18 CFR 385.211 and 385.214) on or before 5:00
p.m. Eastern time on the specified comment date. Protests may be
considered, but intervention is necessary to become a party to the
proceeding.
    eFiling is encouraged. More detailed information relating to filing
requirements, interventions, protests, service, and qualifying
facilities filings can be found at: http://www.ferc.gov/docs-filing/efiling/filing-req.pdf. For other information, call<PHONE_NUMBER>
(toll free). For TTY, call<PHONE_NUMBER>.

    Dated: October 14, 2014.
Nathaniel J. Davis, Sr.,
Deputy Secretary.
[FR Doc. 2014-25061 Filed 10-21-14; 8:45 am]
BILLING CODE 6717-01-P


[Federal Register Volume 76, Number 166 (Friday, August 26, 2011)]
[Notices]
[Page 53454]
[FR Doc No: 2011-21954]

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

ENVIRONMENTAL PROTECTION AGENCY

[EPA-HQ-OPP-2009-0879; FRL-8885-9]

Exposure Modeling Public Meeting; Notice of Public Meeting

AGENCY: Environmental Protection Agency (EPA).

ACTION: Notice.

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

SUMMARY: An Exposure Modeling Public Meeting (EMPM) will be held for
one day on September 20, 2011. This notice announces the location and
time for the meeting and sets forth the tentative agenda topics.

DATES: The meeting will be held on September 20, 2011 from 9 a.m. to
4:30 p.m. Requests to participate in the meeting must be received on or
before September 6, 2011. To request accommodation of a disability,
please contact the person listed under FOR FURTHER INFORMATON CONTACT,
preferably at least 10 days prior to the meeting, to give EPA as much
time as possible to process your request.

ADDRESSES: The meeting will be held at the Environmental Protection
Agency, Office of Pesticide Programs (OPP), One Potomac Yard (South
Building), Fourth Floor Conference Center (S-4370-80), 2777 S. Crystal
Drive, Arlington, VA 22202.

FOR FURTHER INFORMATION CONTACT: Andrew Shelby, Environmental Fate and
Effects Division (7507P), Office of Pesticide Programs, Environmental
Protection Agency, 1200 Pennsylvania Ave., NW., Washington, DC 20460-
0001; telephone number:<PHONE_NUMBER>; fax number:<PHONE_NUMBER>; e-
mail address<EMAIL_ADDRESS>
SUPPLEMENTARY INFORMATION:

I. General Information

A. Does this action apply to me?

    You may be potentially affected by this action if you are required
to conduct testing of chemical substances under the Toxic Substances
Control Act (TSCA), the Federal Food, Drug, and Cosmetic Act (FFDCA),
or the Federal Insecticide, Fungicide, and Rodenticide Act (FIFRA).
Since other entities may also be interested, the Agency has not
attempted to describe all the specific entities that may be affected by
this action. If you have any questions regarding the applicability of
this action to a particular entity, consult the person listed under FOR
FURTHER INFORMATION CONTACT.

B. How can I get copies of this document and other related information?

    EPA has established a docket for this action under docket ID number
EPA-HQ-OPP-2009-0879. Publicly available docket materials are available
either in the electronic docket at http://www.regulations.gov, or, if
only available in hard copy, at the Office of Pesticide Programs (OPP)
Regulatory Public Docket in Rm. S-4400, One Potomac Yard (South Bldg.),
2777 S. Crystal Dr., Arlington, VA. The hours of operation of this
Docket Facility are from 8:30 a.m. to 4 p.m., Monday through Friday,
excluding legal holidays. The Docket Facility telephone number is (703)
305-5805.

II. Background

    On a biannual interval, an Exposure Modeling Public Meeting will be
held for presentation and discussion of current issues related to
modeling pesticide fate, transport, and exposure in risk assessment in
a regulatory context. Meeting dates and abstract requests are announced
through the ``empmlist'' forum on the LYRIS list server at https://lists.epa.gov/read/all_forums/.

III. How can I request to participate in this meeting?

    You may submit a request to participate in this meeting to the
person listed under FOR FURTHER INFORMATION CONTACT. Do not submit any
information in your request that is considered CBI. Requests to
participate in the meeting, identified by docket ID number EPA-HQ-OPP-
2009-0879, must be received on or before September 6, 2011.

IV. Tentative Topics for the Meeting

    Tentative topics for the meeting will include presentations related
to aquatic exposure modeling and monitoring. Specifically,
presentations will include the following:
    1. Use-Exposure Relationships of Pesticides for Aquatic Risk
Assessment.
    2. Refinements to the USEPA Tier II Drinking Water Risk Assessment
Guidance: Addressing Atypical Use Patterns.
    3. Generalized Haber's Law for Exponential Concentration Decline
with Application to Riparian-Aquatic Pesticide Ecotoxicity.
    4. Pesticide Aquatic Exposure Scenarios and Modeling for Juvenile
Pacific Salmonid Flood Plain Habitat.
    5. Regional Analysis of the Environmental Risk with the GIS-Base
Pesticide Risk Indicator SYNOPS.
    6. Herbicide Volatilization Trumps Runoff Losses: A Multiyear
Investigation.
    7. Implementation of Drift Fractions Generated by Spray Drift
Models for Exposure and Risk Assessments.
    8. Percent Crop Area (PCA) Project Update.
    9. Tier II Groundwater Model (PRZM-GW) Project Update.
    10. Spatial Aquatic Model (SAM) Project Update.
    11. Atrazine Scientific Advisory Panel (SAP) Meeting Summary.

List of Subjects

    Environmental protection, Modeling, Monitoring, Spray drift, Ground
water, Aquatic risk assessment, Salmonid, Atrazine, Spatial aquatic
model, Pesticides.

    Dated: August 22, 2011.
 Arthur-Jean Williams,
Acting Director, Environmental Fate and Effects Division, Office of
Pesticide Programs.
[FR Doc. 2011-21954 Filed 8-25-11; 8:45 am]
BILLING CODE 6560-50-P