[Federal Register Volume 80, Number 220 (Monday, November 16, 2015)]
[Notices]
[Pages 70860-70862]
[FR Doc No: 2015-28865]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-76400; File No. SR-NYSE-2015-56]

Self-Regulatory Organizations; New York Stock Exchange LLC;
Notice of Filing and Immediate Effectiveness of Proposed Rule Change
Amending Its Price List to Modify Certain Fees for Transactions that
Remove Liquidity from the Exchange

November 9, 2015.
    Pursuant to Section 19(b)(1) \1\ of the Securities Exchange Act of
1934 (``Act'') \2\ and Rule 19b-4 thereunder,\3\ notice is hereby given
that, on November 2, 2015, New York Stock Exchange LLC (``NYSE'' or
``Exchange'') filed with the Securities and Exchange Commission
(``Commission'') the proposed rule change as described in Items I, II,
and III below, which Items have been prepared by the self-regulatory
organization. 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\ 15 U.S.C. 78a.
    \3\ 17 CFR 240.19b-4.
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I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change

    The Exchange proposes to amend its Price List to modify certain
fees for transactions that remove liquidity from the Exchange,
effective November 2, 2015. The text of the proposed rule change is
available on the Exchange's Web site at www.nyse.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 self-regulatory organization
included statements concerning the purpose of, and basis for, the
proposed rule change and discussed any comments it received on the
proposed rule change. The text of those 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 parts 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 Exchange proposes to amend its Price List to increase certain
fees that remove liquidity from the Exchange, effective November 2,
2015. The proposed change would only apply to transactions in
securities priced $1.00 or more.
    In particular, the Exchange currently charges $0.0027 per share for
non-Floor broker transactions that remove liquidity from the Exchange,
including those of Designated Market Makers (``DMM''). The Exchange
proposes to increase this fee to $0.00275 per share.
    Similarly, the Exchange currently charges $0.0027 per share for all
Midpoint Passive Liquidity (``MPL'') Orders \4\ that remove liquidity
from the Exchange and are not designated with a Retail Modifier as
defined in Rule 13. The Exchange proposes to increase the fee for
executions of MPL Orders that remove liquidity from the NYSE to
$0.00275 per share.
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    \4\ MPL Order is defined in Rule 13 as an undisplayed limit
order that automatically executes at the mid-point of the protected
best bid or offer (``PBBO'').
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    The Exchange currently charges $0.0024 per share or $0.0027 if an
MPL Order for all other Floor broker transactions that remove liquidity
from the Exchange. MPL orders designated with a Retail Modifier as
defined in Rule 13 are not charged a fee. The Exchange proposes to
increase the $0.0027 per share fee for Floor broker MPL Orders that
take liquidity from the

NYSE to $0.00275 per share. The current $0.0024 per share fee for Floor
broker transactions that take liquidity from the Exchange would remain
unchanged.
    The proposed change is not otherwise intended to address any other
issues, and the Exchange is not aware of any problems that member
organizations would have in complying with the proposed change.
2. Statutory Basis
    The Exchange believes that the proposed rule change is consistent
with Section 6(b) of the Act,\5\ in general, and furthers the
objectives of Sections 6(b)(4) and 6(b)(5) of the Act,\6\ in
particular, because it provides for the equitable allocation of
reasonable dues, fees, and other charges among its members, issuers and
other persons using its facilities and does not unfairly discriminate
between customers, issuers, brokers or dealers.
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    \5\ 15 U.S.C. 78f(b).
    \6\ 15 U.S.C. 78f(b)(4) and (5).
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    The Exchange believes that the proposed fee increase for non-Floor
broker transactions that remove liquidity is reasonable because non-
Floor brokers would continue to receive credits for their transactions
that provide liquidity on the Exchange, including (i) for member
organizations that add liquidity that satisfies certain thresholds
under the Tier Adding Credits, (ii) for DMMs under the DMM credits, and
(iii) for MPL Orders under various pricing categories in the Price
List. The resulting fee also is equitable and not unfairly
discriminatory because it would continue to be consistent with, and in
some cases lower than, the applicable rate on other marketplaces. For
example, the standard fee for removing liquidity from NASDAQ in both
NASDAQ-listed and NYSE-listed securities is $0.0030 per share, which is
higher than the proposed $0.00275 per share fee.\7\
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    \7\ See, e.g., NASDAQ Rule 7018(d). The fee for removing
liquidity on NYSE Arca is also $0.0030. See NYSE Arca Equities,
Inc., Schedule of Fees and Charges, available at https://www.nyse.com/publicdocs/nyse/markets/nyse-arca/NYSE_Arca_Marketplace_Fees.pdf.
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    The Exchange believes that the proposed increase to the fee for
executions of MPL Orders, including Floor broker MPL orders, that
remove liquidity from the Exchange is reasonable because the charge
would be the same as the $0.00275 per share fee proposed for all other
non-Floor broker transactions that take liquidity from the NYSE. The
proposed fee is also reasonable because it would be lower than the
applicable rate on other marketplaces. For example, NASDAQ charges
$0.0030 per share to execute against resting midpoint liquidity, which
is greater than both the existing $0.0027 per share rate and the
proposed $0.00275 per share rate that would apply to MPL Orders.\8\
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    \8\ See, e.g., NASDAQ Rule 7018(a).
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    The Exchange believes that the proposed fee increase for MPL
Orders, including Floor broker MPL orders, that remove liquidity from
the Exchange is equitable and not unfairly discriminatory because MPL
Orders may provide opportunities for market participants to interact
with orders priced at the midpoint of the PBBO, thus providing price
improving liquidity to market participants and thereby increase the
quality of order execution on the Exchange's market, which benefits all
market participants. The Exchange also believes the proposed fee is
equitable and not unfairly discriminatory because all market
participants that use the MPL Order type will pay the same proposed
fee.
    The Exchange also believes it is equitable and not unfairly
discriminatory to continue to charge Floor brokers that take liquidity
a lower fee ($0.0024) than non-Floor brokers that take liquidity
because Floor brokers have slower access to the Exchange (via handheld
technology) than non-Floor brokers and are prohibited from routing
directly to other market centers from handheld devices, which prevents
them from accessing any associated pricing opportunities that might
exist at those away markets.
    Finally, the Exchange believes that it is subject to significant
competitive forces, as described below in the Exchange's statement
regarding the burden on competition.
    For these reasons, the Exchange believes that the proposal is
consistent with the Act.

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

    In accordance with Section 6(b)(8) of the Act,\9\ the Exchange
believes that the proposed rule change would not impose any burden on
competition that is not necessary or appropriate in furtherance of the
purposes of the Act. Instead, the Exchange believes that the proposed
change would encourage the submission of additional liquidity to a
public exchange, thereby promoting price discovery and transparency and
enhancing order execution opportunities for member organizations. The
Exchange believes that this could promote competition between the
Exchange and other execution venues, including those that currently
offer similar order types and comparable transaction pricing, by
encouraging additional orders to be sent to the Exchange for execution.
---------------------------------------------------------------------------

    \9\ 15 U.S.C. 78f(b)(8).
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    Finally, the Exchange notes that it operates in a highly
competitive market in which market participants can readily favor
competing venues if they deem fee levels at a particular venue to be
excessive or rebate opportunities available at other venues to be more
favorable. In such an environment, the Exchange must continually adjust
its fees and rebates to remain competitive with other exchanges and
with alternative trading systems that have been exempted from
compliance with the statutory standards applicable to exchanges.
Because competitors are free to modify their own fees and credits in
response, and because market participants may readily adjust their
order routing practices, the Exchange believes that the degree to which
fee changes in this market may impose any burden on competition is
extremely limited. As a result of all of these considerations, the
Exchange does not believe that the proposed changes will impair the
ability of member organizations or competing order execution venues to
maintain their competitive standing in the financial markets.

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

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

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

    The foregoing rule change is effective upon filing pursuant to
Section 19(b)(3)(A) \10\ of the Act and subparagraph (f)(2) of Rule
19b-4 \11\ thereunder, because it establishes a due, fee, or other
charge imposed by the Exchange.
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    \10\ 15 U.S.C. 78s(b)(3)(A).
    \11\ 17 CFR 240.19b-4(f)(2).
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    At any time within 60 days of the filing of such proposed rule
change, the Commission summarily may temporarily suspend such rule
change if it appears to the Commission that such action is necessary or
appropriate in the public interest, for the protection of investors, or
otherwise in furtherance of the purposes of the Act. If the Commission
takes such action, the

Commission shall institute proceedings under Section 19(b)(2)(B) \12\
of the Act to determine whether the proposed rule change should be
approved or disapproved.
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    \12\ 15 U.S.C. 78s(b)(2)(B).
---------------------------------------------------------------------------

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_ADDRESS>Please include
File Number SR-NYSE-2015-56 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-NYSE-2015-56. 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 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 Web site 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; 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-NYSE-2015-56 and should be
submitted on or before December 7, 2015.\13\
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    \13\ 17 CFR 200.30-3(a)(12).

    For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2015-28865 Filed 11-13-15; 8:45 am]
BILLING CODE 8011-01-P


[Federal Register: September 2, 2009 (Volume 74, Number 169)]
[Notices]
[Page 45516]
[DOCID:fr02se09-103]

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DEPARTMENT OF TRANSPORTATION

Federal Aviation Administration

Notice of Intent to Request Approval from the Office of
Management and Budget of a New Information Collection Activity, Request
for Comments; Aeronautical Chart Point of Sale Survey

AGENCY: Federal Aviation Administration (FAA), DOT.

ACTION: Notice and request for comments.

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SUMMARY: The FAA invites public comments about our intention to request
the Office of Management and Budget (OMB) to approve a new information
collection. Aeronautical Chart Point of Sale Survey data will be used
by the Federal Aviation Administration to measure management objectives
and analyze customer feedback for ISO-9001.

DATES: Please submit comments by November 2, 2009.

FOR FURTHER INFORMATION CONTACT: Carla Mauney on<PHONE_NUMBER>, or by
e-mail at<EMAIL_ADDRESS>
SUPPLEMENTARY INFORMATION:

Federal Aviation Administration (FAA)

    Title: Aeronautical Chart Point of Sale Survey.
    Type of Request: New collection.
    OMB Control Number: 2120-XXXX.
    Forms(s): There are no FAA forms associated with this collection.
    Affected Public: A total of 320 Respondents.
    Frequency: The information is collected semi-annually.
    Estimated Average Burden per Response: Approximately 5 minutes per
response.
    Estimated Annual Burden Hours: An estimated 53 hours annually.
    Abstract: Survey data will be used by the Federal Aviation
Administration to measure management objectives and analyze customer
feedback for ISO-9001.

ADDRESSES: Send comments to the FAA at the following address: Ms. Carla
Mauney, Room 712, Federal Aviation Administration, IT Enterprises
Business Services Division, AES-200, 800 Independence Ave., SW.,
Washington, DC 20591.
    Comments are invited on: Whether the proposed collection of
information is necessary for the proper performance of the functions of
the Department, including whether the information will have practical
utility; the accuracy of the Department's estimates of the burden of
the proposed information collection; ways to enhance the quality,
utility and clarity of the information to be collected; and ways to
minimize the burden of the collection of information on respondents,
including the use of automated collection techniques or other forms of
information technology.

    Issued in Washington, DC, on August 24, 2009.
Carla Mauney,
FAA Information Collection Clearance Officer, IT Enterprises Business
Services Division, AES-200.
[FR Doc. E9-21062 Filed 9-1-09; 8:45 am]

BILLING CODE 4910-13-M


[Federal Register Volume 81, Number 151 (Friday, August 5, 2016)]
[Notices]
[Pages 51949-51951]
[FR Doc No: 2016-18568]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-78450; File No. SR-CBOE-2016-051)

Self-Regulatory Organizations; Chicago Board Options Exchange,
Incorporated; Notice of Filing and Immediate Effectiveness of a
Proposed Rule Change Relating to the Series 9/10 Examination Program

August 1, 2016.
    Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934
(the ``Act''),\1\ and Rule 19b-4 thereunder,\2\ notice is hereby given
that on July 27, 2016, Chicago Board Options Exchange, Incorporated
(the ``Exchange'' or ``CBOE'') filed with the Securities and

Exchange Commission (the ``Commission'') the proposed rule change as
described in Items I, II, and III below, which Items have been prepared
by the CBOE. CBOE has designated the proposed rule change as
``constituting a stated policy, practice, or interpretation with
respect to the meaning, administration, or enforcement of an existing
rule'' under Section 19(b)(3)(A)(i) of the Act \3\ and Rule 19b-4(f)(1)
thereunder,\4\ which renders the proposal effective upon receipt of
this filing by the Commission. The Commission is publishing this notice
to solicit comments on the proposed rule change from interested
persons.
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ 15 U.S.C. 78s(b)(3)(A)(i).
    \4\ 17 CFR 240.19b-4(f)(1).
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I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change

    CBOE is filing a proposal to adopt revisions to the content outline
and selection specifications for the General Securities Sales
Supervisor (Series 9/10) examination program.\5\ The revisions update
the material to reflect changes to the laws, rules and regulations
covered by the examination and to incorporate the functions and
associated tasks currently performed by a General Securities Sales
Supervisor. In addition, CBOE is proposing to adopt changes to the
format of the content outline. CBOE is not proposing any textual
changes to the By-Laws, Schedules to the By-Laws or Rules of CBOE. CBOE
is proposing these revisions to adopt the revised Series 9/10
examination program of the Financial Industry Regulatory Authority,
Inc. (``FINRA''). FINRA currently administers Series 9/10 examinations
on behalf of CBOE (and other self-regulatory organizations).
---------------------------------------------------------------------------

    \5\ CBOE is also proposing corresponding revisions made by FINRA
to the Series 9/10 question bank. CBOE is submitting this filing for
immediate effectiveness pursuant to Section 19(b)(3)(A) of the act
[sic] and Rule 19b-4(f)(1) thereunder.
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    The revised content outline is attached.\6\ The Series 9/10
selection specifications were submitted to the Commission under
separate cover by FINRA. FINRA submitted the Series 9/10 selection
specifications in connection with a FINRA filing to revise its Series
9/10 Examination Program.\7\ CBOE is in agreement with the selection
specifications submitted by FINRA.
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    \6\ The Commission notes that the revised content outline is
attached to the filing, not to this Notice. The content outline is
available as part of the filing on CBOE's Web site.
    \7\ See Securities Exchange Act Release No. 76812 (December 31,
2015), 81 FR 834 (January 7, 2016) (SR-FINRA-2015-058).
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    The text of the proposed rule change is available on the Exchange's
Web site (http://www.cboe.com/AboutCBOE/CBOELegalRegulatoryHome.aspx),
at the Exchange's Office of the Secretary, and at the Commission's
Public Reference Room.

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

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

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

1. Purpose
    Section 6(c)(3) of the Act \8\ authorizes CBOE to prescribe
standards of training, experience, and competence for persons
associated with CBOE Trading Permit Holders (``TPH''). In accordance
with that provision, CBOE, in consultation with a committee of industry
representatives, has advised FINRA in developing examinations that are
designed to establish that persons associated with CBOE TPHs have
attained specified levels of competence and knowledge, consistent with
applicable registration requirements under CBOE rules. CBOE, in
consultation with a committee of industry representatives, periodically
reviews the content of the examinations to determine whether revisions
are necessary or appropriate in view of changes pertaining to the
subject matter covered by the examinations.
---------------------------------------------------------------------------

    \8\ 15 U.S.C. 78f(c)(3).
---------------------------------------------------------------------------

    CBOE Rule 9.2, in relevant part, states, ``No TPH organization
shall be approved to transact options business with the public until
those persons associated with it who are designated as Options
Principals have been approved by and registered with the Exchange.
Persons engaged in the supervision of options sales practices or a
person to whom the designated general partner or executive officer
(pursuant to Rule 9.8) or another Registered Options Principal
delegates the authority to supervise options sales practices shall be
designated as Options Principals.'' \9\
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    \9\ See CBOE Rule 9.2.
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    CBOE Rule 9.2, Interpretation and Policy .01 further states:
``Individuals engaged in the supervision of options sales practices and
designated as Options Principals are required to qualify as an Options
Principal by passing the Registered Options Principals Examination
(Series 4) or the Sales Supervision Examination (Series 9/10).'' \10\
The Exchange notes that, with the Series 9/10 examination, an
individual is only qualified to supervise sales activities. The scope
of responsibility associated with the Series 4 is broader. In that
regard, CBOE Rule 9.2, Interpretation and Policy .02 states:
``Individuals who are delegated responsibility pursuant to Rule 9.8 for
reviewing the acceptance of discretionary accounts, for approving
exceptions to a TPH organization's criteria or standards for uncovered
options accounts, and for approval of communications, shall be
designated as Options Principals and are required to qualify as an
Options Principal by passing the Registered Options Principal
Examination (Series 4).'' \11\
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    \10\ See CBOE Rule 9.2 Interpretation and Policy .01.
    \11\ See CBOE Rule 9.2 Interpretation and Policy .02. CBOE Rule
9.8 pertains to the supervision of accounts and includes provisions
on the duty to supervise, maintenance of customer records, internal
controls, annual branch office inspections, risk-based surveillance
and branch office identification, criteria for inspection programs,
written reports, and reports to control persons.
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    In consultation with a committee of industry representatives,
including representatives from CBOE, FINRA recently undertook a review
of the Series 9/10 examination program. As a result of this review,
FINRA filed revisions to the content outline to reflect changes to the
laws, rules and regulations covered by the examination and to
incorporate the functions and associated tasks currently performed by a
General Securities Sales Supervisor. FINRA also made changes to the
format of the content outline.\12\ CBOE is filing this rule change to
reflect CBOE's adoption of the revisions to the Series 9/10 examination
program that were filed by FINRA.
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    \12\ See SR-FINRA-2015-058, note 4 [sic], supra.
---------------------------------------------------------------------------

    CBOE is proposing to adopt the revised Series 9/10 content outline,
as revised by FINRA. FINRA revised the content outline to reflect
changes to the laws, rules and regulations covered by the examination.
The revised content outline is now divided into two parts with eight
major job functions that are performed by a General Securities Sales
Supervisor. The functions and

associated tasks, which appear in the revised content outline, reflect
the day-to-day activities of a General Securities Sales Supervisor.
CBOE is also proposing to adopt the changes made by FINRA to the format
of the content outline, including the preface, sample questions and
reference materials.
    FINRA also adjusted the number of examination questions assigned to
each major job function to ensure that the overall examination better
reflects the key tasks performed by a General Securities Sales
Supervisor. The questions on the revised Series 9/10 examination will
place greater emphasis on key tasks such as supervision of registered
persons, sales practices and compliance. CBOE is proposing to adopt
these revisions related to the Series 9/10 examination questions.
    Finally, CBOE is proposing to adopt the changes made by FINRA to
the Series 9/10 selection specifications and question bank.
Availability of Content Outline
    The revised Series 9/10 content outline is available on FINRA's Web
site, at www.finra.org/brokerqualifications/exams.
    CBOE is filing the proposed rule change for immediate
effectiveness. CBOE will announce the proposed rule change in a
Regulatory Circular.
2. Statutory Basis
    CBOE believes that the proposed revisions to the Series 9/10
examination program are consistent with the provisions of Section
6(b)(5) of the Act,\13\ which requires, among other things, that CBOE
rules must be designed to prevent fraudulent and manipulative acts and
practices, to promote just and equitable principles of trade, and, in
general, to protect investors and the public interest, and Section
6(c)(3) of the Act,\14\ which authorizes CBOE to prescribe standards of
training, experience, and competence for persons associated with CBOE
TPHs. CBOE believes that the proposed revisions will further these
purposes by updating the examination program to reflect changes to the
laws, rules and regulations covered by the examination and to
incorporate the functions and associated tasks currently performed by a
General Securities Sales Supervisor.
---------------------------------------------------------------------------

    \13\ 15 U.S.C. 78f(b)(5).
    \14\ 15 U.S.C. 78f(c)(3).
---------------------------------------------------------------------------

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

    CBOE does not believe that the proposed rule change will result in
any burden on competition that is not necessary or appropriate in
furtherance of the purposes of the Act. The updated examination aligns
with the functions and associated tasks currently performed by a
General Securities Sales Supervisor and tests knowledge of the most
current laws, rules, regulations and skills relevant to those functions
and associated tasks. As such, the proposed revisions would make the
examination more efficient and effective.

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

    Written comments were neither solicited nor received.

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

    The foregoing rule change has become effective pursuant to Section
19(b)(3)(A) of the Act \15\ and paragraph (f)(1) of Rule 19b-4
thereunder.\16\ At any time within 60 days of the filing of the
proposed rule change, the Commission summarily may temporarily suspend
such rule change if it appears to the Commission that such action is
necessary or appropriate in the public interest, for the protection of
investors, or otherwise in furtherance of the purposes of the Act. If
the Commission takes such action, the Commission will institute
proceedings to determine whether the proposed rule change should be
approved or disapproved.
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    \15\ 15 U.S.C. 78s(b)(3)(A).
    \16\ 17 CFR 240.19b-4(f)(1).
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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 email to<EMAIL_ADDRESS>Please include
File Number SR-CBOE-2016-051 on the subject line.

Paper Comments

     Send paper comments in triplicate to Brent J. Fields,
Secretary, Securities and Exchange Commission, 100 F Street NE.,
Washington, DC 20549-1090.

All submissions should refer to File Number SR-CBOE-2016-051. 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 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 Web site viewing and
printing in the Commission's Public Reference Room, 100 F Street NE.,
Washington, DC 20549 on official business days between the hours of
10:00 a.m. and 3:00 p.m. Copies of the filing also will be available
for inspection and copying at the principal office of the Exchange. All
comments received will be posted without change; 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-CBOE-2016-051 and should be
submitted on or before August 26, 2016.

    For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\17\
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    \17\ 17 CFR 200.30-3(a)(12).
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Robert W. Errett,
Deputy Secretary.
[FR Doc. 2016-18568 Filed 8-4-16; 8:45 am]
 BILLING CODE 8011-01-P