[Federal Register Volume 86, Number 147 (Wednesday, August 4, 2021)]
[Notices]
[Page 41967]
[FR Doc No: 2021-16599]

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DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission

[Docket No. NJ21-10-000]

Oncor Electric Delivery Company LLC; Notice of Filing

    Take notice that on July 29, 2021, Oncor Electric Delivery Company
LLC submitted its tariff filing: Withdrawal of Oncor TFO Tariff Rate
Changes, effective March 26, 2021.
    Any person desiring to intervene or to protest this filing must
file in accordance with Rules 211 and 214 of the Commission's Rules of
Practice and Procedure (18 CFR 385.211, 385.214). Protests will be
considered by the Commission in determining the appropriate action to
be taken but will not serve to make protestants parties to the
proceeding. Any person wishing to become a party must file a notice of
intervention or motion to intervene, as appropriate. Such notices,
motions, or protests must be filed on or before the comment date. On or
before the comment date, it is not necessary to serve motions to
intervene or protests on persons other than the Applicant.
    In addition to publishing the full text of this document in the
Federal Register, the Commission provides all interested persons an
opportunity to view and/or print the contents of this document via the
internet through the Commission's Home Page (http://www.ferc.gov) using
the ``eLibrary'' link. Enter the docket number excluding the last three
digits in the docket number field to access the document. At this time,
the Commission has suspended access to the Commission's Public
Reference Room, due to the proclamation declaring a National Emergency
concerning the Novel Coronavirus Disease (COVID-19), issued by the
President on March 13, 2020. For assistance, contact the Federal Energy
Regulatory Commission at<EMAIL_ADDRESS>or call toll-free,
(886) 208-3676 or TYY,<PHONE_NUMBER>.
    The Commission strongly encourages electronic filings of comments,
protests and interventions in lieu of paper using the ``eFiling'' link
at http://www.ferc.gov. Persons unable to file electronically may mail
similar pleadings to the Federal Energy Regulatory Commission, 888
First Street NE, Washington, DC 20426. Hand delivered submissions in
docketed proceedings should be delivered to Health and Human Services,
12225 Wilkins Avenue, Rockville, Maryland 20852.
    Comment Date: 5:00 p.m. Eastern Time on August 19, 2021.

    Dated: July 29, 2021.
Debbie-Anne A. Reese,
Deputy Secretary.
[FR Doc. 2021-16599 Filed 8-3-21; 8:45 am]
BILLING CODE 6717-01-P


[Federal Register: May 30, 2006 (Volume 71, Number 103)]
[Notices]
[Page 30703-30705]
[DOCID:fr30my06-105]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-53850; File No. SR-ISE-2006-21]

Self-Regulatory Organizations; International Securities Exchange,
Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule
Change Relating to the Exposure Period for Crossing Orders

May 23, 2006.
    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 April 17, 2006, the International Securities Exchange, Inc. (``ISE''
or ``Exchange'') filed with the Securities and Exchange Commission
(``Commission'') the proposed rule change as described in Items I and
II below, which Items have been prepared by the ISE. The ISE filed the
proposed rule change pursuant to section 19(b)(3)(A) of the Act \3\ and
Rule 19b-4(f)(6) thereunder,\4\ which renders the proposal effective
upon filing with the Commission. The Commission is publishing this
notice to solicit comments on the proposed rule change from interested
persons.
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ 15 U.S.C. 78s(b)(3)(A).
    \4\ 17 CFR 240.19b-4(f)(6).
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I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change

    The ISE proposes to decrease the exposure period for crossing
orders under ISE Rule 717(d) and (e) to three seconds. The text of the
proposed rule change is as follows, with deletions in [brackets] and
additions italicized.

Rule 717. Limitations on Orders

* * * * *
    (d) Principal Transactions.
    Electronic Access Members may not execute as principal orders they
represent as agent unless (i) agency orders are first exposed on the
Exchange for at least three (3) [thirty (30)] seconds, (ii) the
Electronic Access Member has been bidding or offering on the Exchange
for at least three (3) [thirty (30)] seconds prior to receiving an
agency order that is executable against such bid or offer, or (iii) the
Member utilizes the Facilitation Mechanism pursuant to Rule 716(d).
    (e) Solicitation Orders.
    Electronic Access Members may not execute orders they represent as
agent on the Exchange against orders solicited from Members and non-
member broker-dealers to transact with such orders unless (i) the
unsolicited order is first exposed on the Exchange for at least three
(3) [thirty (30)] seconds, or (ii) the Member utilizes the Solicited
Order Mechanism pursuant to Rule 716(e).
* * * * *

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 ISE 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 ISE 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
    An Electronic Access Member (``EAM'') of the Exchange may not
execute an order it represents as agent with a facilitation or
solicited order (referred to herein as ``crossing orders'') unless it
complies with the order exposure requirements contained in ISE Rule
717(d) and (e) respectively. As set forth in these provisions, if an
EAM seeking to cross two orders does not choose to use the Facilitation
Mechanism or the Solicited Order Mechanism, which automatically expose
crossing orders for 3 seconds, it is required to comply with a 30-
second exposure requirement. Specifically, when an EAM chooses not to
use the Facilitation Mechanism, it may not execute a facilitation cross
unless (i) the agency order is first exposed on the Exchange for at
least 30 seconds; or (ii) the EAM has been bidding or offering on the
Exchange for at least 30 seconds prior to receiving the agency order
that is executable against such bid or offer. Similarly, when an EAM
chooses not to use the Solicited Order Mechanism, it may not execute a
solicitation cross

unless the agency order is first exposed on the Exchange for 30
seconds.
    The Exchange proposes to shorten the duration of the exposure
period contained in the rules governing such transactions from 30
seconds to 3 seconds. This shortened exposure period is fully
consistent with the electronic nature of the Exchange's market. Market
participants on the ISE have implemented systems that monitor any
updates to the ISE market, including any changes resulting from orders
being entered into the market, and can automatically respond based on
pre-set parameters. Thus, an exposure period of 3 seconds will permit
exposure of orders on the ISE in a manner consistent with the
Exchange's electronic market.
    By reducing the exposure time to 3 seconds, the ISE believes that
EAMs will be able to provide liquidity to their customers' orders on a
timelier basis, thus providing investors with more speedy executions.
Timely and accurate executions are consistent with the principles under
which the ISE's electronic market was developed.
2. Statutory Basis
    The basis under the Act for this proposed rule change is the
requirement under section 6(b)(5) \5\ that an exchange have rules that
are designed to prevent fraudulent and manipulative acts and practices,
to promote just and equitable principles of trade, to foster
cooperation and coordination with persons engaged in regulating,
clearing, settling, processing information with respect to, and
facilitating transactions in securities, to remove impediments to and
perfect the mechanism of a free and open market and a national market
system, and, in general, to protect investors and the public interest.
In particular, the proposal will permit members to provide liquidity to
customer orders on a more timely basis, thus providing investors with
more speedy executions. At the same time, it will preserve a reasonable
period for orders to interact in the auction market.
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    \5\ 15 U.S.C. 78f(b)(5).
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B. Self-Regulatory Organization's Statement on Burden on Competition

    The proposed rule change does not impose any burden on competition
that is not necessary or appropriate in furtherance of the purposes of
the Act.

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

    The Exchange has not solicited, and does not intend to solicit,
comments on this proposed rule change. The Exchange has not received
any written comments from members or other interested parties.

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

    Because the foregoing proposed rule change does not: (i)
Significantly affect the protection of investors or the public
interest; (ii) impose any significant burden on competition; and (iii)
become operative for 30 days from the date on which it was filed, or
such shorter time as the Commission may designate, it has become
effective pursuant to section 19(b)(3)(A) of the Act \6\ and Rule 19b-
4(f)(6) thereunder.\7\
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    \6\ 15 U.S.C. 78s(b)(3)(A).
    \7\ 17 CFR 240.19b-4(f)(6). When filing a proposed rule change
pursuant to Rule 19b-4(f)(6) under the Act, an Exchange is required
to give the Commission written notice of its intent to file the
proposed rule change, along with a brief description and text of the
proposed rule change, at least five business days prior to the date
of filing of the proposed rule change, or such shorter time as
designated by the Commission. The Exchange provided notice to the
Commission two business days prior to filing the proposed rule
change, and the Commission has determined to waive the five business
day requirement.
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    At any time within 60 days of the filing of the proposed rule
change, the Commission may summarily abrogate 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.
    A proposed rule change filed under Rule 19b-4(f)(6) normally may
not become operative prior to 30 days after the date of filing.\8\
However, Rule 19b-4(f)(6)(iii) \9\ permits the Commission to designate
a shorter time if such action is consistent with the protection of
investors and the public interest. The ISE has requested that the
Commission waive the 30-day operative delay. The Commission believes
that waiving the 30-day operative delay is consistent with the
protection of investors and the public interest because the proposed
rule change is based on rules recently approved by the Commission for
two other exchanges.\10\ For this reason, the Commission designates the
proposal to be effective and operative upon filing with the
Commission.\11\
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    \8\ 17 CFR 240.19b-4(f)(6)(iii).
    \9\ Id.
    \10\ See Securities Exchange Act Release Nos. 53567 (March 29,
2006), 71 FR 17529 (April 6, 2006) (SR-CBOE-2006-09) and 53609
(April 6, 2006), 71 FR 19224 (April 13, 2006) (SR-NYSEArca-2006-01).
    \11\ For purposes only of waiving the 30-day operative delay,
the Commission has considered the proposed rule's impact on
efficiency, competition, and capital formation. See 15 U.S.C.
78c(f).
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IV. Solicitation of Comments

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

Electronic Comments

     Use the Commission's Internet comment form (http://www.sec.gov/rules/sro.shtml.
); or     Send an e-mail to<EMAIL_ADDRESS>Please include

File Number SR-ISE-2006-21 on the subject line.

Paper Comments

     Send paper comments in triplicate to Nancy M. Morris,
Secretary, Securities and Exchange Commission, 100 F Street, NE.,
Washington, DC 20549-1090.
    All submissions should refer to File Number SR-ISE-2006-21. This
file number should be included on the subject line if e-mail is used.
To help the Commission process and review your comments more
efficiently, please use only one method. The Commission will post all
comments on the Commission's Internet Web site (http://www.sec.gov/rules/sro.shtml
). Copies of the submission, all subsequent amendments,

all written statements with respect to the proposed rule change that
are filed with the Commission, and all written communications relating
to the proposed rule change between the Commission and any person,
other than those that may be withheld from the public in accordance
with the provisions of 5 U.S.C. 552, will be available for inspection
and copying in the Commission's Public Reference Room. Copies of such
filing also will be available for inspection and copying at the
principal office of the ISE. All comments received will be posted
without change; the Commission does not edit personal identifying
information from submissions. You should submit only information that
you wish to make available publicly. All submissions should refer to
File Number SR-ISE-2006-21 and should be submitted on or before June
20, 2006.

    For the Commission, by the Division of Market Regulation,
pursuant to delegated authority.\12\
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    \12\ 17 CFR 200/30-3(a)(12).

Jill M. Peterson,
Assistant Secretary.
 [FR Doc. E6-8236 Filed 5-26-06; 8:45 am]

BILLING CODE 8010-01-P