[Federal Register Volume 78, Number 71 (Friday, April 12, 2013)]
[Notices]
[Pages 21923-21924]
[FR Doc No: 2013-08595]

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

DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission

[Project No. 11402-074]

City of Crystal Falls, MI; Notice of Application for Temporary
Variance of License and Soliciting Comments, Motions To Intervene, and
Protests

    Take notice that the following hydroelectric application has been
filed with the Commission and is available for public inspection:
    a. Application Type: Temporary variance of license.
    b. Project No: 11402-074.
    c. Date Filed: March 11, 2013.
    d. Applicant: City of Crystal Falls, MI.
    e. Name of Project: Crystal Falls Project.
    f. Location: The project is located on the Paint River in the City
of Crystal Falls, Iron County, Michigan.
    g. Filed Pursuant to: Federal Power Act, 16 U.S.C. 791a-825r.
    h. Applicant Contact: Dave Graff, City of Crystal Falls, 401
Superior Avenue, Crystal Falls, Mi 49920,<PHONE_NUMBER>.
    i. FERC Contact: Rebecca Martin,<PHONE_NUMBER>,
<EMAIL_ADDRESS>    j. Deadline for filing comments, motions to intervene, and
protests: May 3, 2013.
    All documents may be filed electronically via the Internet. See, 18
CFR 385.2001(a)(1)(iii) and the instructions on the Commission's Web
site at http://www.ferc.gov/docs-filing/efiling.asp. If unable to be
filed electronically, documents may be paper-filed. To paper-file, an
original and seven copies should be mailed to: Secretary, Federal
Energy Regulatory Commission, 888 First Street NE., Washington, DC
20426. Commenters can submit brief comments up to 6,000 characters,
without prior registration, using the eComment system at http://www.ferc.gov/docs-filing/ecomment.asp. You must include your name and
contact information at the end of your comments. Please include the
project number (P-11402-074) on any comments or motions filed.
    k. Description of Application: The City of Crystal Falls is
requesting a variance of articles 401, 402, and 405 of its license. The
City of Crystal Falls intends to complete non-safety related
maintenance at its low hazard hydroelectric dam in the summer of 2013.
In order to complete the project, drawdown of the impoundment would
begin on June 27, 2013 at a rate of 1.0 foot per day for the first four
days then the drawdown rate would switch to 1.5 feet per day until a 20
foot drawdown is reached. The impoundment would be filled as the inflow
allows, while maintaining 150 cubic feet per second outflow. The
reservoir would be filled no later than November 1, 2013. During the
drawdown the City will conduct surveys for stranded mussels and fish.
Additionally, recreational access will be limited to canoes, kayaks,
and small boats during the drawdown.
    l. Locations of the Application: A copy of the application is
available for inspection and reproduction at the Commission's Public
Reference Room, located at 888 First Street NE., Room 2A, Washington,
DC 20426, or by calling<PHONE_NUMBER>. This filing may also be viewed
on the Commission's Web site at http://www.ferc.gov using the
``eLibrary'' link. Enter the docket number excluding the last three
digits in the docket number field (P-11402) to access the document. You
may also register online at http://www.ferc.gov/docs-filing/esubscription.asp to be notified via email of new filings and issuances
related to this or other pending projects. For assistance, call 1-866-
208-3676 or email<EMAIL_ADDRESS>for TTY, call (202) 502-
8659. A copy is also available for inspection and reproduction at the
address in item (h) above.
    m. Individuals desiring to be included on the Commission's mailing
list should so indicate by writing to the Secretary of the Commission.
    n. Comments, Protests, or Motions to Intervene: Anyone may submit
comments, a protest, or a motion to intervene in accordance with the
requirements of Rules of Practice and Procedure, 18 CFR 385.210, .211,
.214. In determining the appropriate action to take, the Commission
will consider all protests or other comments filed, but only those who
file a motion to intervene in accordance with the Commission's Rules
may become a party to the proceeding. Any comments, protests, or
motions to intervene must be received on or before the specified
comment date for the particular application.
    o. Filing and Service of Responsive Documents: Any filing must (1)
bear in all capital letters the title ``COMMENTS'', ``PROTEST'', or
``MOTION TO INTERVENE'' as applicable; (2) set forth in the heading the
name of the applicant and the project number of the application to
which the filing responds; (3) furnish the name, address, and telephone
number of the person protesting or intervening; and (4) otherwise
comply with the requirements of 18 CFR 385.2001 through 385.2005. All
comments, motions to intervene, or protests must set forth their
evidentiary basis and otherwise comply with the requirements of 18 CFR
4.34(b). All comments, motions to intervene, or protests should relate
to project works which are the subject of the amendment application.
Agencies may obtain copies of the application directly from the
applicant. A copy of any protest or motion to intervene must be served
upon each representative of the applicant specified in the particular
application. If an intervener files comments or documents with the
Commission relating to the merits of an issue that may affect the
responsibilities of a particular resource agency, they must also serve
a copy of the document on that resource agency. A copy of all other
filings in reference to this

application must be accompanied by proof of service on all persons
listed in the service list prepared by the Commission in this
proceeding, in accordance with 18 CFR 4.34(b) and 385.2010.

    Dated: April 3, 2013.
Kimberly D. Bose,
Secretary.
[FR Doc. 2013-08595 Filed 4-11-13; 8:45 am]
BILLING CODE 6717-01-P


[Federal Register Volume 80, Number 9 (Wednesday, January 14, 2015)]
[Notices]
[Pages 1976-1979]
[FR Doc No: 2015-00378]

=======================================================================
-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-74016; File No. SR-BOX-2015-01]

Self-Regulatory Organizations; BOX Options Exchange LLC; Notice
of Filing and Immediate Effectiveness of Proposed Rule Change To Amend
IM-5050-6 to BOX Rule 5050 (Short Term Option Series Program)

January 8, 2015.
    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 January 7, 2015, BOX Options Exchange LLC (the ``Exchange'') filed
with the Securities

and Exchange Commission (``Commission'') the proposed rule change as
described in Items I and II below, which Items have been prepared by
the self-regulatory organization. The Commission is publishing this
notice to solicit comments on the proposed rule from interested
persons.
---------------------------------------------------------------------------

    \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 amend IM-5050-6 to BOX Rule 5050 (Short
Term Option Series Program) to extend current $0.50 strike price
intervals in non-index options to short term options with strike prices
less than $100. The text of the proposed rule change is available from
the principal office of the Exchange, at the Commission's Public
Reference Room and also on the Exchange's Internet Web site at http://boxexchange.com.

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

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

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

1. Purpose
    The Exchange proposes to amend IM-5050-6 to BOX Rule 5050 to extend
current $0.50 strike price intervals in non-index options to short term
options with strike prices less than $100. This is a competitive filing
that is based on a proposal recently submitted by the International
Securities Exchange, LLC (``ISE'').\3\
---------------------------------------------------------------------------

    \3\ See Securities Exchange Act Release No. 73633 (November 18,
2014), 79 FR 69974 (November 24, 2014) (Notice of Filing SR-ISE-
2014-52).
---------------------------------------------------------------------------

    The Exchange proposes to amend its rules governing the Short Term
Option Series Program to introduce finer strike price intervals for
certain short term options. In particular, the Exchange proposes to
amend IM-5050-6 to extend $0.50 strike price intervals in non-index
options to short term options with strike prices less than $100 instead
of the current $75. This proposed change is intended to eliminate
gapped strikes between $75 and $100 that result from conflicting strike
price parameters under the Short Term Option Series and $2.50 Strike
Price Programs as described in more detail below.
    Under the Exchange's rules, the Exchange may list short term
options in up to fifty option classes in addition to option classes
that are selected by other securities exchanges that employ a similar
program under their respective rules.\4\ On any Thursday or Friday that
is a business day, the Exchange may list short term option series in
designated option classes that expire at the close of business on each
of the next five Fridays that are business days and are not Fridays in
which monthly or quarterly options expire.\5\ These short term option
series trade in $0.50, $1, or $2.50 strike price intervals depending on
the strike price and whether the option trades in dollar increments in
the related monthly expiration.\6\ Specifically, short term options in
non-index option classes admitted to the Short Term Options Series
Program currently trade in: (1) $0.50 or greater intervals for strike
prices less than $75, or for option classes that trade in one dollar
increments in the related monthly expiration option; (2) $1 or greater
intervals for strike prices that are between $75 and $150; and (3)
$2.50 or greater intervals for strike prices above $150.\7\
---------------------------------------------------------------------------

    \4\ See IM-5050-6(b)(1) to Rule 5050.
    \5\ See IM-5050-6(a) to Rule 5050.
    \6\ See IM-5050-6(b)(5) to Rule 5050.
    \7\ Id.
---------------------------------------------------------------------------

    The Exchange also operates a $2.50 Strike Price Program that
permits the Exchange to select up to sixty options classes on
individual stocks to trade in $2.50 strike price intervals, in addition
to option classes selected by other securities exchanges that employ a
similar program under their respective rules.\8\ Monthly expiration
options in classes admitted to the $2.50 Strike Price Program trade in
$2.50 intervals where the strike price is (1) greater than $25 but less
than $50; or (2) between $50 and $100 if the strikes are no more than
$10 from the closing price of the underlying stock in its primary
market on the preceding day.\9\ These strike price parameters conflict
with strike prices allowed for short term options as dollar strikes
between $75 and $100 otherwise allowed under the Short Term Option
Series Program may be within $0.50 of strikes listed pursuant to the
$2.50 Strike Price Program. In order to remedy this conflict, the
Exchange proposes to extend the $0.50 or greater strike price intervals
currently allowed for short term options with strike prices less than
$75 to short term options with strike prices less than $100. With this
proposed change, short term options in non-index option classes will
trade in: (1) $0.50 or greater intervals for strike prices less than
$100, or for option classes that trade in one dollar increments in the
related monthly expiration option; (2) $1 intervals for strike prices
that are between $100 and $150; and (3) $2.50 or greater intervals for
strike prices above $150.
---------------------------------------------------------------------------

    \8\ See IM-5050-3 to Rule 5050.
    \9\ Id. The term ``primary market'' is defined in Rule
100(a)(49) as the principal market in which an underlying security
is traded.
---------------------------------------------------------------------------

2. Statutory Basis
    The Exchange believes that the proposal is consistent with the
requirements of Section 6(b) of the Securities Exchange Act of 1934
(the ``Act''),\10\ in general, and Section 6(b)(5) of the Act,\11\ in
particular, in that it is designed to prevent fraudulent and
manipulative acts and practices, to promote just and equitable
principles of trade, to foster cooperation and coordination with
persons engaged in facilitating transactions in securities, to remove
impediments to and perfect the mechanism of a free and open market and
a national market system, and, in general to protect investors and the
public interest.
---------------------------------------------------------------------------

    \10\ 15 U.S.C. 78f(b).
    \11\ 15 U.S.C. 78f(b)(5).
---------------------------------------------------------------------------

    During the month prior to expiration, the Exchange is permitted to
list related monthly option contracts in the narrower strike price
intervals available for short term option series.\12\ After
transitioning to short term strike price intervals, however, monthly
options that trade in $2.50 intervals between $50 and $100 under the
$2.50 Strike Price Program, trade with dollar strikes between $75 and
$150. Due to the overlap of $1 and $2.50 intervals, the Exchange cannot
list certain dollar strikes between $75 and $100 that conflict with the
prior $2.50 strikes. For example, if the Exchange initially listed
monthly options on ABC with $75, $77.50, and $80 strikes, the Exchange
could list the $76 and $79 strikes when these transition to short term
intervals. The Exchange would not be permitted to list the $77 and $78
strikes, however, as these are $0.50 away from the $77.50 strike
already listed on the Exchange. This creates gapped strikes between $75
and $100, where investors are not able to trade otherwise allowable
dollar strikes on the Exchange. Similarly, these conflicting strike
price parameters

create issues for investors who want to roll their positions from
monthly to weekly expirations. In the example above, for instance, an
investor that purchased a monthly ABC option with a $77.50 strike price
would not be able to roll that position into a later short term
expiration with the same strike price as that strike is unavailable
under current Short Term Option Series Program rules. Permitting $0.50
intervals for short term options up to $100 would remedy both of these
issues as strikes allowed under the $2.50 Strike Price Program would
not conflict with the finer $0.50 strike price interval.
---------------------------------------------------------------------------

    \12\ See IM-5050-6(b)(5) to Rule 5050.
---------------------------------------------------------------------------

    The Short Term Option Series Program has been well-received by
market participants and the Exchange believes that introducing finer
strike price intervals for short term options with strike prices
between $75 and $100, and thereby eliminating the gapped strikes
described above, will benefit these market participants by giving them
more flexibility to closely tailor their investment and hedging
decisions.
    With regard to the impact of this proposal on system capacity, the
Exchange has analyzed its capacity and represents that it and the
Options Price Reporting Authority (``OPRA'') have the necessary systems
capacity to handle any potential additional traffic associated with
this proposed rule change. The Exchange believes that its members will
not have a capacity issue as a result of this proposal. The Exchange
also represents that it does not believe this expansion will cause
fragmentation of liquidity.

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

    The Exchange does not believe that the proposed rule change will
impose any burden on competition not necessary or appropriate in
furtherance of the purposes of the Act. In this regard and as indicated
above, the Exchange notes that the rule change is being proposed as a
competitive response to a filing submitted by ISE.\13\ To the contrary,
the Exchange believes that the proposed rule change will result in
additional investment options and opportunities to achieve the
investment objectives of market participants seeking efficient trading
and hedging vehicles, to the benefit of investors, market participants,
and the marketplace in general. Additionally, the Exchange believes
that the proposed rule change is necessary to permit fair competition
among the options exchanges with respect to Short Term Option Series
Programs.
---------------------------------------------------------------------------

    \13\ See supra, note 3.
---------------------------------------------------------------------------

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

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

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

    Because the 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, the proposed rule change has become effective
pursuant to Section 19(b)(3)(A) of the Act \14\ and Rule 19b-4(f)(6)
thereunder.\15\
---------------------------------------------------------------------------

    \14\ 15 U.S.C. 78s(b)(3)(A).
    \15\ 17 CFR 240.19b-4(f)(6). As required under Rule 19b-
4(f)(6)(iii), the Exchange provided the Commission with written
notice of its intent to file the proposed rule change, along with a
brief description and the 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 has asked the Commission to waive the 30-day operative
delay so that the proposal may become operative immediately upon
filing. The Exchange stated that waiver of this requirement will ensure
fair competition among exchanges by allowing the Exchange to extend the
$0.50 strike price intervals currently allowed for short term options
with strike prices less than $75 to short term options with strike
prices less than $100 contemporaneously with ISE. For this reason, the
Commission believes that the proposed rule change presents no novel
issues and that waiver of the 30-day operative delay is consistent with
the protection of investors and the public interest; and will allow the
Exchange to remain competitive with other exchanges. Therefore, the
Commission designates the proposed rule change to be operative upon
filing.\16\
---------------------------------------------------------------------------

    \16\ For purposes only of waiving the 30-day operative delay,
the Commission has also considered the proposed rule's impact on
efficiency, competition, and capital formation. See 15 U.S.C.
78c(f).
---------------------------------------------------------------------------

    At any time within 60 days of the filing of the proposed rule
change, the Commission summarily may temporarily suspend such rule
change if it appears to the Commission that such action is necessary or
appropriate in the public interest, for the protection of investors, or
otherwise in furtherance of the purposes of the Act. If the Commission
takes such action, the Commission shall institute proceedings to
determine whether the proposed rule should be approved or disapproved.

IV. Solicitation of Comments

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

Electronic Comments

     Use the Commission's Internet comment form (http://www.sec.gov/rules/sro.shtml); or
     Send an email to<EMAIL_ADDRESS>Please include
File Number SR-BOX-2015-01 on the subject line.

Paper Comments

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

All submissions should refer to File Number SR-BOX-2015-01. 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-BOX-2015-01 and should be
submitted on or before February 4, 2015.

    For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\17\
---------------------------------------------------------------------------

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

Brent J. Fields,
Secretary.
[FR Doc. 2015-00378 Filed 1-13-15; 8:45 am]
BILLING CODE 8011-01-P


[Federal Register Volume 82, Number 216 (Thursday, November 9, 2017)]
[Notices]
[Pages 52082-52084]
[FR Doc No: 2017-24370]

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

SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-82012; File No. SR-Phlx-2017-93]

Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Filing
and Immediate Effectiveness of Proposed Rule Change To Amend Rule
1080(p)(2) To Enhance Anti-Internalization Functionality

November 3, 2017.
    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 November 2, 2017, Nasdaq PHLX LLC (``Phlx'' 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 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 amend Rule 1080(p)(2) to enhance anti-
internalization functionality.
    The text of the proposed rule change is available on the Exchange's
Web site at http://nasdaqphlx.cchwallstreet.com/ 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
Statutory Basis for, the Proposed Rule Change

1. Purpose
    The purpose of the proposed rule change is to enhance the anti-
internalization (``AIQ'') functionality

provided to Specialists and Registered Options Traders (``ROTs'')
(collectively, ``market makers'') \3\ on the Exchange by giving members
the flexibility to choose to have this protection apply at the badge
level (i.e., existing functionality), at the Exchange account level, or
at the member firm level. The Exchange believes that this enhancement
will provide helpful flexibility for market making firms that wish to
prevent trading against all quotes and orders entered by their firm, or
Exchange account, instead of just quotes and orders that are entered
under the same badge.
---------------------------------------------------------------------------

    \3\ Specialists and ROTs are considered market makers on Phlx.
See Rule 1014.
---------------------------------------------------------------------------

    Currently, the Exchange provides mandatory AIQ functionality
whereby quotes and orders entered by market makers using the same Phlx
badge are not executed against quotes and orders entered on the
opposite side of the market using the same badge.\4\ When a quote or
order entered by a market maker would trade with other quotes or orders
from the same badge, the trading system cancels the resting quote or
order back to the entering party prior to execution.\5\ AIQ assists
market makers in reducing trading costs from unwanted executions
potentially resulting from the interaction of executable buy and sell
trading interest from the same firm when performing the same market
making function.
---------------------------------------------------------------------------

    \4\ See Rule 1080(p).
    \5\ Id. A quote or order entered by a market maker only triggers
AIQ when it would trade with other quotes or orders from the same
market maker. Thus, an incoming quote or order entered by a market
maker may interact with other interest with priority on the book
prior to triggering AIQ. After AIQ is triggered, the incoming quote
or order may continue to trade with resting interest from other
participants.
---------------------------------------------------------------------------

    Today, this protection prevents market makers from trading against
their own quotes and orders at the badge level. The proposed
enhancement to this functionality would allow members to choose to have
this protection applied at the badge level as implemented today, at the
Exchange account level, or at the member firm level. If members choose
to have this protection applied at the Exchange account level, AIQ
would prohibit quotes and orders from different badges associated with
the same Exchange account from trading against one another. Similarly,
if the members choose to have this protection applied at the member
firm level, AIQ would prohibit quotes and orders from different badges
within the member firm from trading against one another. Members that
do not select to have this protection applied at the Exchange account
level or member firm level will have their AIQ protection defaulted to
the badge level protection applied today. The Exchange believes that
the proposed AIQ enhancement will provide members with more tailored
self-trade functionality that allows them to manage their trading as
appropriate based on the members' business needs. While the Exchange
believes that some firms will want to restrict AIQ to trading against
interest from the same badge--i.e., as implemented today--the Exchange
believes that other firms will find it helpful to be able to configure
AIQ to apply at the Exchange account level or at the member firm level
so that they are protected regardless of which badge the order or quote
originated from. Similar flexibility is offered on the Exchange's
affiliate, the Nasdaq Options Market (``NOM''),\6\ and also on the BATS
BZX Exchange (``BZX''), which provides members the ability to apply
Match Trade Prevention (``MTP'') modifiers--i.e., BZX's version of
self-trade protection--based on MPID, Exchange Member, trading group,
or Exchange Sponsored Participant identifiers.\7\
---------------------------------------------------------------------------

    \6\ See NOM Chapter VI, Sec. 10. See also Securities Exchange
Act Release No. 81171 (July 19, 2017), 82 FR 34557 (July 25, 2017)
(SR-Nasdaq-2017-069).
    \7\ See BZX Rule 21.1(g).
---------------------------------------------------------------------------

    The examples below illustrate how AIQ would operate based on the
badge level protection, the Exchange account level, or for members that
choose to apply AIQ at the member firm level:
Example 1
    1. Member ABC (badge 123A & 555B) with AIQ configured at the badge
level.
    2. 123A Quote: $1.00 (5) x $1.10 (20).
    3. 555B Buy Order entered for 10 contracts at $1.10.
    4. 555B Buy Order executes 10 contracts against 123A Quote. 123A
and 555B are permitted trade against one another because Member ABC has
configured AIQ to apply at the badge level. This is the same as
existing functionality.
Example 2
    1. Member ABC (Account 999 with badges 123A and 555B, and Account
888 with badge 789A) with AIQ configured at the Exchange account level.
    2. 123A Quote: $1.00 (5) x $1.10 (20).
    3. 789A Quote: $1.05(10) x $1.10 (20).
    4. 555B Buy Order entered for 30 contracts at $1.10.
    5. 555B Buy Order executes against 789A Quote but 555B Buy Order
does not execute against 123A Quote. AIQ purges the 123A Quote and the
remaining contracts of the 555B Buy Order rests on the book at $1.10.
123A and 555B are not permitted trade against one another because
Member ABC has configured AIQ to apply at the Exchange account level.
This is new functionality as the member has opted to have AIQ operate
at the Exchange account level.
Example 3
    1. Same as Example 2 above but Member ABC has AIQ configured at the
member level.
    2. AIQ purges the 123A Quote and the 789A Quote and the 555B Buy
Order rests on the book at $1.10. This is new functionality as the
member has opted to have AIQ operate at the member level.
Implementation
    The Exchange proposes to launch the AIQ functionality described in
this proposed rule change in either Q4 2017 or Q1 2018. The Exchange
will announce the implementation date of this functionality in an
Options Trader Alert issued to members prior to the launch date.
2. Statutory Basis
    The Exchange believes that the proposed rule change is consistent
with the requirements of the Act and the rules and regulations
thereunder that are applicable to a national securities exchange, and,
in particular, with the requirements of Section 6(b) of the Act.\8\ In
particular, the proposal is consistent with Section 6(b)(5) of the
Act,\9\ because it is designed to promote just and equitable principles
of trade, remove impediments to and perfect the mechanisms of a free
and open market and a national market system and, in general, to
protect investors and the public interest.
---------------------------------------------------------------------------

    \8\ 15 U.S.C. 78f(b).
    \9\ 15 U.S.C. 78f(b)(5).
---------------------------------------------------------------------------

    The Exchange believes that the proposed rule change is consistent
with the protection of investors and the public interest as it is
designed to provide Phlx market makers with additional flexibility with
respect to how to implement self-trade protections provided by AIQ.
Currently, all market makers are provided functionality that prevents
quotes and orders from one badge from trading with quotes and orders
from the same badge. This allows market makers to better manage their
order flow and prevent undesirable executions where the market maker,
using the same badge, would be on both sides of the trade. While this
functionality is helpful to our members, some members would prefer not
to trade

with quotes and orders entered by different badges within the same
Exchange account or member. Thus, the Exchange is proposing to provide
members with flexibility with respect to how AIQ is implemented. While
members that like the current functionality can continue to use it,
members who would prefer to prevent self-trades across different badges
within the same Exchange account or at the member level will now be
provided with functionality that lets them do this. Similar flexibility
is offered on both NOM and BZX.\10\ The Exchange believes that
flexibility to apply AIQ at the Exchange account or member firm level
would be useful for Phlx members too. The Exchange believes that the
proposed rule change is designed to promote just and equitable
principles of trade and will remove impediments to and perfect the
mechanisms of a free and open market as it will further enhance self-
trade protections provided to market makers similar to those
protections provided on other markets. This functionality does not
relieve or otherwise modify the duty of best execution owed to orders
received from public customers.
---------------------------------------------------------------------------

    \10\ See supra notes 6-7.
---------------------------------------------------------------------------

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

    In accordance with Section 6(b)(8) of the Act,\11\ the Exchange
does not believe that the proposed rule change will impose any burden
on intermarket or intramarket competition that is not necessary or
appropriate in furtherance of the purposes of the Act. The proposed
rule change is designed to enhance AIQ functionality provided to
Exchange market makers, and will benefit members that wish to protect
their quotes and orders against trading with other quotes and orders
within the same Exchange account or member, rather than the more
limited badge standard applied today. The new functionality, which
provides similar flexibility to that offered on both NOM and BZX, is
also completely voluntary, and members that wish to use the current
functionality can also continue to do so. The Exchange does not believe
that providing more flexibility to members will have any significant
impact on competition. In fact, the Exchange believes that the proposed
rule change is evidence of the competitive environment in the options
industry where exchanges must continually improve their offerings to
maintain competitive standing.
---------------------------------------------------------------------------

    \11\ 15 U.S.C. 78f(b)(8).
---------------------------------------------------------------------------

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

    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)(iii) of the Act \12\ and
subparagraph (f)(6) of Rule 19b-4 thereunder.\13\
---------------------------------------------------------------------------

    \12\ 15 U.S.C. 78s(b)(3)(A)(iii).
    \13\ 17 CFR 240.19b-4(f)(6). In addition, Rule 19b-4(f)(6)
requires a self-regulatory organization to give the Commission
written notice of its intent to file the proposed rule change at
least five business days prior to the date of filing of the proposed
rule change, or such shorter time as designated by the Commission.
The Exchange has satisfied this requirement.
---------------------------------------------------------------------------

    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: (i)
Necessary or appropriate in the public interest; (ii) for the
protection of investors; or (iii) otherwise in furtherance of the
purposes of the Act. If the Commission takes such action, the
Commission shall institute proceedings to determine whether the
proposed rule should be approved or disapproved.

IV. Solicitation of Comments

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

Electronic Comments

     Use the Commission's Internet comment form (http://www.sec.gov/rules/sro.shtml); or
     Send an email to [email protected]. Please include
File Number SR-Phlx-2017-93 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-Phlx-2017-93. 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. 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-2017-93 and should be
submitted on or before November 30, 2017.

    For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\14\
---------------------------------------------------------------------------

    \14\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------

Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017-24370 Filed 11-8-17; 8:45 am]
BILLING CODE 8011-01-P


[Federal Register Volume 84, Number 58 (Tuesday, March 26, 2019)]
[Notices]
[Pages 11395-11396]
[FR Doc No: 2019-05729]

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

DEPARTMENT OF TRANSPORTATION

[Docket No. DOT-OST-2013-0074]

Agency Request for Renewal of Previously Approved Information
Collections: Foreign Air Carrier Application for Statement of
Authorization, ICR-2106-0035

AGENCY: Office of the Secretary (OST), Department of Transportation
(DOT).

ACTION: Notice and request for comments.

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

SUMMARY: In compliance with the Paperwork Reduction Act of 1995, this
notice announces that the Information Collection Request, abstracted
below, is being forwarded to the Office of Management and Budget for
extension of approval of currently approved ICR-2106-0036, Foreign Air
Carrier Application for Statement of Authorization. Earlier, a Federal
Register Notice with a 60-day comment period was published. The agency
did not receive any comments to its previous notice.

DATES: Comments on this notice must be received by April 25, 2019.

ADDRESSES: Your comments should be identified by Docket No. DOT-OST-
2013-0074 and should be submitted through one of the following methods:
     Federal eRulemaking Portal: http://www.regulations.gov.
Follow the online instructions for submitting comments.
     Office of Management and Budget, Attention: Desk Officer
for U.S. Department of Transportation, Office of the Secretary of
Transportation, 725 17th Street NW, Washington, DC 20503.
     email<EMAIL_ADDRESS>     Fax:<PHONE_NUMBER>.

FOR FURTHER INFORMATION CONTACT: Darren Jaffe,<PHONE_NUMBER>, Office
of International Aviation, U.S. Department of Transportation, 1200 New
Jersey Avenue SE, Room W86-441, Washington, DC 20590. Office hours are
from 9:00 a.m. to 5:30 p.m., Monday through Friday, except Federal
holidays.

SUPPLEMENTARY INFORMATION:
    OMB Approval No. 2106-0035.
    Title: Foreign Air Carrier Application for Statement of
Authorization.
    Form No.: Form OST 4540.

    Type of Review: Extension of a currently approved collection.
    Respondents: Foreign Air Carriers.
    Number of Respondents: approximately 100.
    Estimated Time per Response: 2.25 hours per application.
    Total Annual Burden: 1,000 hours.
    Abstract: Applicants use Form OST 4540 to request statements of
authorization to conduct numerous types of operations authorized under
Title 14, CFR part 212. The form requires basic information regarding
the carrier(s) conducting the operation, the party filing the form, the
operations being conducted, the number of third- and fourth-freedom
flights conducted in the last twelve-month period, and certification of
reciprocity from the carrier's homeland government. DOT analysts will
use the information collected to determine if applications for fifth-,
sixth-, and seventh-freedom operations meet the public interest
requirements necessary to authorize such applications.
    Burden Statement: We estimate that the industry-wide total hour
burden for this collection to be approximately 1,000 hours or
approximately 2.25 hours per application. Conservatively, we estimate
the compilation of background information will require 1.75 hours, and
the completion and submission of OST Form 4540 will require thirty (30)
minutes. Reporting the number of third- and fourth-freedom operations
conducted by an applicant carrier will require collection of flight
data, and detailed analysis to determine which flights conducted by the
carrier are third- and fourth-freedom. Applicants should be able to use
data collected for the Department's T-100 program to provide this
information (under this program, carriers are required periodically to
compile and report certain traffic data to the Department, as more
fully described in the Docket referenced in footnote 1 below). The
Bureau of Transportation Statistics (BTS) provide carriers with a
computer program that allows them to compile and monitor, among other
things, flight origin and destination data, to be used in making the
carriers' T-100 submissions.\1\ We estimated that carriers will require
1.25 hours per application \2\ to compile and analyze the data
necessary to disclose the number of third- and fourth-freedom flights
conducted within the twelve-month period preceding the filing of an
application.
---------------------------------------------------------------------------

    \1\ The rule-making associated with the T-100 program can be
found on the Federal Docket Management System (FDMS) at http://www.regulations.gov, in Docket DOT-OST-1998-4043. Information
regarding burden hours is on file in the Office of Aviation Analysis
(X-50).
    \2\ The Office of Aviation Analysis (X-50) estimated that small-
carriers would require 1 burden hour per report, and large carriers
would require 3 burden hours per report to analyze and report T-100
program data. Considering that the data required in this information
collection can be derived from data already collected, we have taken
an average of the estimated time required, and conservatively
shortened the time by 45 minutes because no new data entry will be
required.
---------------------------------------------------------------------------

    Foreign carriers will also have to provide evidence that their
homeland government will afford reciprocity to U.S. carriers seeking
authority for the similar fifth-, sixth-, and seventh-freedom
operations. Carriers may cite certifications submitted by carriers from
the same homeland if that homeland issued such certification within the
preceding six-month period. Approximately 100 carriers from roughly 30
distinct homelands use OST Form 4540 to apply for statements of
authorization annually. We estimate that one foreign carrier from any
given homeland will expend roughly 4 hours every six-months to obtain
certification from its homeland governments.\3\ We have apportioned 30
minutes to each application to account for the time required to obtain
certifications from homeland governments.
---------------------------------------------------------------------------

    \3\ Calculation: (4 burden hours per application) x (30 foreign
homelands) x (2 requests per year) = 240 annual burden hours.
Apportioning 240 annual burden hours equally among an average of 430
applications annually = approximately 30 burden minutes per
application.
---------------------------------------------------------------------------

    We have no empirical data to indicate how much time is required for
a person to complete OST Form 4540; however, anecdotal evidence reveals
that respondents spend thirty (30) minutes or less completing the form
and brief justification. In some cases, respondents spend a limited
amount of time, less than ten (10) minutes, reviewing the form before
sending it via facsimile or email to the Department. In the interest of
providing a conservative estimate so as to not understate the burden
hours, we estimate the hour burden for completing OST Form 4540 as
thirty (30) minutes.

    Issued in Washington, DC, on March 20, 2019.
Brian J. Hedberg,
Director, Office of International Aviation.
[FR Doc. 2019-05729 Filed 3-25-19; 8:45 am]
 BILLING CODE 4910-9X-P


[Federal Register Volume 84, Number 84 (Wednesday, May 1, 2019)]
[Notices]
[Page 18527]
[FR Doc No: 2019-08840]

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

DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission

[Docket No. ER19-1663-000]

Supplemental Notice That Initial Market-Based Rate Filing
Includes Request for Blanket Section 204 Authorization: PHWD Affiliate
LLC

    This is a supplemental notice in the above-referenced proceeding of
PHWD Affiliate LLC's application for market-based rate authority, with
an accompanying rate tariff, noting that such application includes a
request for blanket authorization, under 18 CFR part 34, of future
issuances of securities and assumptions of liability.
    Any person desiring to intervene or to protest should file with the
Federal Energy Regulatory Commission, 888 First Street NE, Washington,
DC 20426, in accordance with Rules 211 and 214 of the Commission's
Rules of Practice and Procedure (18 CFR 385.211 and 385.214). Anyone
filing a motion to intervene or protest must serve a copy of that
document on the Applicant.
    Notice is hereby given that the deadline for filing protests with
regard to the applicant's request for blanket authorization, under 18
CFR part 34, of future issuances of securities and assumptions of
liability, is May 15, 2019.
    The Commission encourages electronic submission of protests and
interventions in lieu of paper, using the FERC Online links at http://www.ferc.gov. To facilitate electronic service, persons with internet
access who will eFile a document and/or be listed as a contact for an
intervenor must create and validate an eRegistration account using the
eRegistration link. Select the eFiling link to log on and submit the
intervention or protests.
    Persons unable to file electronically should submit an original and
5 copies of the intervention or protest to the Federal Energy
Regulatory Commission, 888 First Street NE, Washington, DC 20426.
    The filings in the above-referenced proceeding are accessible in
the Commission's eLibrary system by clicking on the appropriate link in
the above list. They are also available for electronic review in the
Commission's Public Reference Room in Washington, DC. There is an
eSubscription link on the website that enables subscribers to receive
email notification when a document is added to a subscribed docket(s).
For assistance with any FERC Online service, please email
<EMAIL_ADDRESS>or call<PHONE_NUMBER> (toll free). For TTY,
call<PHONE_NUMBER>.

    Dated: April 25, 2019.
Nathaniel J. Davis, Sr.,
Deputy Secretary.
[FR Doc. 2019-08840 Filed 4-30-19; 8:45 am]
 BILLING CODE 6717-01-P


[Federal Register: October 17, 2005 (Volume 70, Number 199)]
[Notices]
[Page 60333]
[DOCID:fr17oc05-84]

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

DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission

[Docket No. ER02-1656-000]

California Independent System Operator Corporation; Notice of
FERC Staff Attendance

October 11, 2005.
    The Federal Energy Regulatory Commission (Commission) hereby gives
notice that on October 11-13, 2005, members of its staff will attend
stakeholder meetings on the California Independent System Operator
Corporation's (CAISO) Market Redesign and Technology Upgrade proposal
Technical Specifications Workshop. The meetings will be held at the
Lake Natoma Inn, located at 702 Gold Lake Drive, Folsom, CA 95630. An
agenda and meeting documents can be found on the CAISO's Web site,
http://www.caiso.com.

    Sponsored by the CAISO, the meetings are open to the public, and
staff's attendance is part of the Commission's ongoing outreach
efforts. The meeting may discuss matters at issue in Docket No. ER02-
1656-000.
    For further information, contact Katherine Gensler at
<EMAIL_ADDRESS>(916) 294-0275.

Magalie R. Salas,
Secretary.
 [FR Doc. E5-5698 Filed 10-14-05; 8:45 am]

BILLING CODE 6717-01-P


[Federal Register Volume 85, Number 248 (Monday, December 28, 2020)]
[Notices]
[Page 84454]
[FR Doc No: 2020-28486]

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

DEPARTMENT OF TRANSPORTATION

Federal Aviation Administration

[Docket No. FAA-2020-0563]

Agency Information Collection Activities: Requests for Comments;
Clearance of Renewed Approval of Information Collection: Noise
Certification Documents for International Operations

AGENCY: Federal Aviation Administration (FAA), DOT.

ACTION: Notice and request for comments.

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

SUMMARY: In accordance with the Paperwork Reduction Act of 1995, FAA
invites public comments about our intention to request the Office of
Management and Budget (OMB) approval to renew an information
collection. The Federal Register Notice with a 60-day comment period
soliciting comments on the following collection of information was
published on June 5, 2020. The collection aids to make the aircraft
noise certification information easily accessible to the flight crew
and presentable upon request to the appropriate foreign officials for
international airline operation of U.S. carriers. The information to be
collected upholds the U.S. obligations under the Convention on
International Civil Aviation and for which FAA policy comply with
International Civil Aviation Organization (ICAO) Standards and
Recommended Practices to the maximum extent practicable.

DATES: Written comments should be submitted by January 27, 2021.

ADDRESSES: Written comments and recommendations for the proposed
information collection should be sent within 30 days of publication of
this notice to www.reginfo.gov/public/do/PRAMain. Find this particular
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function.

FOR FURTHER INFORMATION CONTACT: Sandy Liu by email at:
<EMAIL_ADDRESS>phone:<PHONE_NUMBER>.

SUPPLEMENTARY INFORMATION: Public Comments Invited: You are asked to
comment on any aspect of this information collection, including (a)
Whether the proposed collection of information is necessary for FAA's
performance; (b) the accuracy of the estimated burden; (c) ways for FAA
to enhance the quality, utility and clarity of the information
collection; and (d) ways that the burden could be minimized without
reducing the quality of the collected information.
    OMB Control Number: 2120-0737.
    Title: Aircraft Noise Certification Documents for International
Operations.
    Form Numbers: None. Reference: ICAO Annex 16, Vol.1--Aircraft
Noise, Eighth edition (July 2017) Attachment G for format.
    Type of Review: Renewal of an information collection.
    Background: The Federal Register Notice with a 60-day comment
period soliciting comments on the following collection of information
was published on June 5, 2020 (85 FR 34711). On March 2, 2010, the FAA
published the final rule Notice No. 91-312, Aircraft Noise
Certification Documents for International Operations (75 FR 9327). It
requires operators that fly outside the United States, using aircraft
subject to ICAO, Annex 16, Volume 1, to carry aircraft noise
certification information on board the aircraft. This collection is
needed to ensure consistent international compliance with the ICAO,
Annex 16, Volume 1, Amendment 8 that requires certain noise information
be carried on board the aircraft. This information must be easily
accessible to the flight crew and presentable upon request to the
appropriate foreign National Aviation Authority (NAA) officials. The
collection is mandatory based on U.S. regulations and international
standards.
    Respondents: Operators of U.S. registered civil aircraft flying
outside the United States.
    Frequency: 70 airplanes.
    Estimated Average Burden per Response: 25 minutes (0.42 hours).
    Estimated Total Annual Burden: $25 per airplane x 70 airplanes
affected = $1,750.

    Issued in Washington, DC, on December 18, 2020.
Sandy Liu,
Engineer, Noise Division, Office of Environment and Energy, Noise
Division (AEE-100).
[FR Doc. 2020-28486 Filed 12-23-20; 8:45 am]
BILLING CODE 4910-13-P