[Federal Register: August 1, 2007 (Volume 72, Number 147)]
[Notices]
[Page 42160-42161]
[DOCID:fr01au07-125]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-56126; File No. SR-DTC-2007-08]

Self-Regulatory Organizations; The Depository Trust Company;
Notice of Filing and Immediate Effectiveness of a Proposed Rule Change
Relating to Use of the National Settlement Service

 July 24, 2007.
    Pursuant to section 19(b)(1) of the Securities Exchange Act of 1934
(``Act''),\1\ notice is hereby given that on May 1, 2007, The
Depository Trust Company (``DTC'') 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
primarily by DTC. 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).
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I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change

    The proposed rule change permits DTC to use the Federal Reserve
Bank's National Settlement Service (``NSS'') for the settlement of
credit balances.

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

    In its filing with the Commission, DTC 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. DTC has prepared summaries, set forth in sections (A),
(B), and (C) below, of the most significant aspects of such
statements.\2\
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    \2\ The Commission has modified parts of these statements.
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(A) Self-Regulatory Organization's Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule Change

    In 2003, DTC mandated NSS as the vehicle for all DTC Settling Banks
to satisfy their end of day net debits.\3\ In an effort to increase the
efficiencies afforded by NSS, DTC is modifying its rules and procedures
to permit DTC's use of NSS to also distribute net credits.\4\ Utilizing
NSS as the payment mechanism for net credits will eliminate the need
for DTC to initiate wire payments for settlement monies owed by DTC.
However, should NSS not be available for any reason, DTC will retain
the capability to satisfy its settlement obligations using wire
transfer.
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    \3\ Securities Exchange Act Release No. 48089 (June 25, 2003),
68 FR 40314 (July 7, 2003) (File No. SR-DTC-2002-06).
    \4\ The National Securities Clearing Corporation (``NSCC'') has
submitted a similar proposed rule change (File No. SR-NSCC-2007-02)
providing for the use of NSS for the distribution of net-net
credits.
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    The proposed rule change is consistent with the requirements of
section 17A of the Act and the rules and regulations thereunder because
it will not affect the safeguarding of funds or securities in DTC's
custody and control or for which it is responsible.

(B) Self-Regulatory Organization's Statement on Burden on Competition

    DTC does not believe that the proposed rule change would have any
impact or impose any burden on competition.

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

    Written comments relating to the proposed rule change have not yet
been solicited or received. DTC will notify the Commission of any
written comments received by DTC.

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)(iii) of the Act \5\ and Rule 19b-4(f)(4) \6\ promulgated
thereunder because the proposal effects a change in an existing service
of DTC that (A) Does not adversely affect the safeguarding of
securities or funds in the custody or control of DTC or for which it is
responsible and (B) does not significantly affect the respective rights
or obligations of DTC or persons using the service. At any time within
sixty days of the filing of the proposed rule change, the Commission
could have summarily abrogated such rule change if it appeared to the
Commission that such action was necessary or appropriate in the public
interest, for the protection of investors, or otherwise in furtherance
of the purposes of the Act.
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    \5\ 15 U.S.C. 78s(b)(3)(A)(iii).
    \6\ 17 CFR 240.19b-4(f)(4).
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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-DTC-2007-08 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-DTC-2007-08. 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, 100 F Street, NE.,
Washington, DC 20549, on official business days between the hours of 10
a.m. and 3 p.m. Copies of such filing also will be available for
inspection and copying at the principal office of DTC. 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-DTC-2007-08 and should be
submitted on or before August 22, 2007.

    For the Commission by the Division of Market Regulation,
pursuant to delegated authority.\7\
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    \7\ 17 CFR 200.30-3(a)(12).
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Florence E. Harmon,
Deputy Secretary.
[FR Doc. E7-14830 Filed 7-31-07; 8:45 am]

BILLING CODE 8010-01-P


[Federal Register: August 11, 2010 (Volume 75, Number 154)]
[Notices]
[Page 48728-48729]
[DOCID:fr11au10-94]

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DEPARTMENT OF LABOR

Occupational Safety and Health Administration

[Docket No. OSHA-2010-0025]

The Hydrostatic Testing Provision of the Portable Fire
Extinguishers Standard; Extension of the Office of Management and
Budget's (OMB) Approval of the Information Collection (Paperwork)
Requirements

AGENCY: Occupational Safety and Health Administration (OSHA), Labor.

ACTION: Request for public comment.

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SUMMARY: OSHA solicits comments concerning its proposal to extend the
Office of Management and Budget's (OMB) approval of the information
collection requirements contained in the Hydrostatic Testing provision
of the Portable Fire Extinguishers Standard for General Industry (29
CFR 1910.157(f)(16)).

DATES: Comments must be submitted (postmarked, sent, or received) by
October 12, 2010.

ADDRESSES: Electronically: You may submit comments and attachments
electronically at http://www.regulations.gov, which is the Federal
eRulemaking Portal. Follow the instructions online for submitting
comments.
    Facsimile: If your comments, including attachments, are not longer
than 10 pages you may fax them to the OSHA Docket Office at (202) 693-
1648.
    Mail, hand delivery, express mail, messenger, or courier service:
When using this method, you must submit three copies of your comments
and attachments to the OSHA Docket Office, Docket No. OSHA-2010-0025,
U.S. Department of Labor, Occupational Safety and Health
Administration, Room N-2625, 200 Constitution Avenue, NW., Washington,
DC 20210. Deliveries (hand, express mail, messenger, and courier
service) are accepted during the Department of Labor's and Docket
Office's normal business hours, 8:15 a.m. to 4:45 p.m., e.t.
    Instructions: All submissions must include the Agency name and OSHA
docket number for the Information Collection Request (ICR) (OSHA-2010-
0025). All comments, including any personal information you provide,
are placed in the public docket without change, and may be made
available online at http://www.regulations.gov. For further information
on submitting comments see the ``Public Participation'' heading in the
section of this notice titled SUPPLEMENTARY INFORMATION.
    Docket: To read or download comments or other material in the
docket, go to http://www.regulations.gov or the OSHA Docket Office at
the address above. All documents in the docket (including this Federal
Register notice) are listed in the http://www.regulations.gov index;
however, some information (e.g., copyrighted material) is not publicly
available to read or download through the Web site. All submissions,
including copyrighted material, are available for inspection and
copying at the OSHA Docket Office. You may contact Theda Kenney at the
address below to obtain a copy of the ICR.

FOR FURTHER INFORMATION CONTACT: Theda Kenney or Todd Owen, Directorate
of Standards and Guidance, OSHA, U.S. Department of Labor, Room N-3609,
200 Constitution Avenue, NW., Washington, DC 20210; telephone (202)
693-2222.

SUPPLEMENTARY INFORMATION:

I. Background

    The Department of Labor, as part of its continuing effort to reduce
paperwork and respondent (i.e., employer) burden, conducts a
preclearance consultation program to provide the public with an
opportunity to comment on proposed and continuing information
collection requirements in accordance with the Paperwork Reduction Act
of 1995 (PRA-95) (44 U.S.C. 3506(c)(2)(A)). This program ensures that
information is in the desired format, reporting burden (time and costs)
is minimal, collection instruments are clearly understood, and OSHA's
estimate of the information collection burden is accurate. The
Occupational Safety and Health Act of 1970 (the OSH Act) (29 U.S.C. 651
et seq.) authorizes information collection by employers as necessary or
appropriate for enforcement of the OSH Act or for developing
information regarding the causes and prevention of occupational
injuries, illnesses, and accidents (29 U.S.C. 657).

    The collections of information contained in the Hydrostatic Testing
provision of the Portable Fire Extinguishers Standard are necessary to
reduce workers' risk of death or serious injury by ensuring that
portable fire extinguishers are in safe operating condition. The
following section describes who uses the information in the testing
certification record, as well as how they use it.

Test Records (Sec.  1910.157(f)(16))

    Paragraph (f)(16) requires employers to develop and maintain a
certification record of hydrostatic testing of portable fire
extinguishers. The certification record must include the date of
inspection, the signature of the person who performed the test, and the
serial number (or other identifier) of the fire extinguisher that was
tested.

Disclosure of Test Certification Records

    The certification record must be made available to the Assistant
Secretary or his/her representative upon request. The certification
record provides assurance to employers, workers, and OSHA compliance
officers that the fire extinguishers have been hydrostatically tested
in accordance with and at the intervals specified in Sec.
1910.157(f)(16), thereby ensuring that they will operate properly in
the event workers need to use them. Additionally, these records provide
the most efficient means for the compliance officers to determine that
an employer is complying with the hydrostatic testing provision.

II. Special Issues for Comment

    OSHA has a particular interest in comments on the following issues:
     Whether the proposed information collection requirements
are necessary for the proper performance of the Agency's functions,
including whether the information is useful;
     The accuracy of OSHA's estimate of the burden (time and
costs) of the information collection requirements, including the
validity of the methodology and assumptions used;
     The quality, utility, and clarity of the information
collected; and
     Ways to minimize the burden on employers who must comply;
for example, by using automated or other technological information
collection and transmission techniques.

III. Proposed Actions

    OSHA is requesting that OMB extend its approval of the information
collection requirements contained in the Hydrostatic Testing provision
of the Portable Fire Extinguishers Standard for General Industry (29
CFR 1910.157(f)(16)). OSHA is proposing to decrease the burden hours in
the currently approved information collection request from 125,952
burden hours to 124,084 burden hours (a total decrease of 1,868 hours).
This decrease is due to updated data showing a decrease in the number
of firms affected by the Standard. The Agency will summarize the
comments submitted in response to this notice and will include this
summary in the request to OMB.
    Type of Review: Extension of a currently approved collection.
    Title: The Hydrostatic Testing provision of the Portable Fire
Extinguishers Standard (29 CFR 1910.157(f)(16)).
    OMB Number: 1218-0218.
    Affected Public: Business or other for-profits; Federal Government;
State, Local, or Tribal Government.
    Number of Respondents: 9,066,000.
    Frequency of Response: On occasion.
    Average Time per Response: One minute (.02 hour) to maintain the
certification records to 33 minutes (.55 hour) to test an extinguisher,
and to generate and maintain the certification record.
    Estimated Total Burden Hours: 124,084 hours.
    Estimated Cost (Operation and Maintenance): $16,696,550.

IV. Public Participation--Submission of Comments on This Notice and
Internet Access to Comments and Submissions

    You may submit comments in response to this document as follows:
(1) Electronically at http://www.regulations.gov, which is the Federal
eRulemaking Portal; (2) by facsimile (fax); or (3) by hard copy. All
comments, attachments, and other material must identify the Agency name
and the OSHA docket number for the ICR (Docket No. OSHA-2010-0025). You
may supplement electronic submissions by uploading document files
electronically. If you wish to mail additional materials in reference
to an electronic or facsimile submission, you must submit them to the
OSHA Docket Office (see the section of this notice titled ADDRESSES).
The additional materials must clearly identify your electronic comments
by your name, date, and the docket number so the Agency can attach them
to your comments.
    Because of security procedures, the use of regular mail may cause a
significant delay in the receipt of comments. For information about
security procedures concerning the delivery of materials by hand,
express delivery, messenger, or courier service, please contact the
OSHA Docket Office at<PHONE_NUMBER>, (TTY<PHONE_NUMBER>).
    Comments and submissions are posted without change at http://
www.regulations.gov. Therefore, OSHA cautions commenters about
submitting personal information such as social security numbers and
date of birth. Although all submissions are listed in the http://
www.regulations.gov index, some information (e.g., copyrighted
material) is not publicly available to read or download through this
Web site. All submissions, including copyrighted material, are
available for inspection and copying at the OSHA Docket Office.
Information on using the http://www.regulations.gov Web site to submit
comments and access the docket is available at the Web site's ``User
Tips'' link. Contact the OSHA Docket Office for information about
materials not available through the Web site, and for assistance in
using the Internet to locate docket submissions.

V. Authority and Signature

    David Michaels, PhD, MPH, Assistant Secretary of Labor for
Occupational Safety and Health, directed the preparation of this
notice. The authority for this notice is the Paperwork Reduction Act of
1995 (44 U.S.C. 3506 et seq.) and Secretary of Labor's Order No. 5-2007
(72 FR 31160).

    Signed at Washington, DC, this 6th day of August 2010.
David Michaels,
Assistant Secretary of Labor for Occupational Safety and Health.
[FR Doc. 2010-19793 Filed 8-10-10; 8:45 am]
BILLING CODE 4510-26-P


[Federal Register: August 26, 2010 (Volume 75, Number 165)]
[Notices]
[Page 52557]
[DOCID:fr26au10-96]

=======================================================================
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SECURITIES AND EXCHANGE COMMISSION

Sunshine Act Meeting

FEDERAL REGISTER CITATION OF PREVIOUS ANNOUNCEMENT: [75 FR 51854,
August 23, 2010]

STATUS: Closed Meeting.

PLACE: 100 F Street, NE., Washington, DC.

DATE AND TIME OF PREVIOUSLY ANNOUNCED MEETING: Thursday, August 26,
2010 at 2 p.m.

CHANGE IN THE MEETING: Additional Item.
    The following item has been added to the Thursday, August 26, 2010
Closed Meeting agenda: Consideration of amicus participation.
    Commissioner Paredes, as duty officer, determined that Commission
business required the above change.
    At times, changes in Commission priorities require alterations in
the scheduling of meeting items. For further information and to
ascertain what, if any, matters have been added, deleted or postponed,
please contact the Office of the Secretary at<PHONE_NUMBER>.

    Dated: August 23, 2010.
Elizabeth M. Murphy,
Secretary.
[FR Doc. 2010-21335 Filed 8-24-10; 11:15 am]
BILLING CODE 8010-01-P


[Federal Register Volume 82, Number 110 (Friday, June 9, 2017)]
[Notices]
[Pages 26824-26825]
[FR Doc No: 2017-11963]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-80858; File No. SR-ICC-2017-003]

Self-Regulatory Organizations; ICE Clear Credit LLC; Notice of
Filing of Amendment No. 1 and Order Approving Proposed Rule Change, as
Modified by Amendment No. 1 Thereto, Relating to ICC's End-of-Day Price
Discovery Policies and Procedures

June 5, 2017.

I. Introduction

    On February 16, 2017, ICE Clear Credit LLC (``ICC'' or ``ICE Clear
Credit'') filed with the Securities and Exchange Commission
(``Commission''), pursuant to Section 19(b)(1) of the Securities
Exchange Act of 1934 (``Act'') \1\ and Rule 19b-4 thereunder,\2\ a
proposed rule change (SR-ICC-2017-003) to amend ICC's End-of-Day Price
Discovery Policies and Procedures (``Pricing Policy'') to implement a
new price submission process for Clearing Participants (``CPs''). The
proposed rule change was published for comment in the Federal Register
on March 9, 2017.\3\ The Commission did not receive comments regarding
the proposed changes. On April 21, 2017, the Commission extended the
period in which to approve, disapprove, or institute proceedings to
determine whether to disapprove the proposed rule change to June 7,
2017.\4\ On May 25, 2017, ICC filed Amendment No. 1 to the proposal.\5\
For the reasons discussed below, the Commission is approving the
proposed rule changes, as modified by Amendment No. 1.
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ Securities Exchange Act Release No. 34-80150 (March 3,
2017), 82 FR 13173 (March 9, 2017) (SR-ICC-2017-003) (``Notice'').
    \4\ Securities Exchange Act Release No. 34-80506 (April 21,
2017), 82 FR 19412 (April 27, 2017).
    \5\ ICE Clear Credit filed Amendment No. 1 to clarify that the
implementation date for the proposed rule change will be July 10,
2017, and to note that ICE Clear Credit will issue a circular
confirming this timeline in advance of the July 10, 2017
implementation date. Because Amendment No. 1 is a clarifying
amendment that does not alter the substance of the propose rule
change the Commission is not publishing it for comment.
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II. Description of the Proposed Rule Change

    ICC has proposed changes to its Pricing Policy that are designed to
implement a new price submission process. As part of its current price
submission process, ICC requires CPs to submit certain required price
information to an intermediary, which ICC then obtains and uses as part
of its

price discovery process. The proposed rule changes would eliminate the
use of the intermediary in the price submission process and instead
require CPs to submit required price information directly to ICC. In
order to implement the direct price submission process, ICC proposed to
amend its Pricing Policy to (1) require CPs establish direct
connectivity with ICC and use a FIX API to provide ICC with the
required price information, (2) add references to FIX API terminology,
and (3) make revisions reflecting the replacement of existing trade
date files with FIX API firm trade messages.\6\ Moreover, ICC proposed
amending the Pricing Policy to note that ICC will send FIX API messages
directly to CPs, and removed references to the intermediary and its
``Valuation Service API'' previously used.\7\ Although ICC proposed
additional minor changes to the timing of various steps in the pricing
process, these proposed changes would not affect the actual settlement
submission windows.\8\
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    \6\ Notice, 82 FR at 13173-74.
    \7\ Notice, 82 FR at 13173.
    \8\ Notice, 82 FR at 13174.
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    In addition to the changes described above, ICC also proposed
changes with respect to the format of information required to be
submitted by CPs for the iTraxx Australia and iTraxx Asia Ex-Japan
Indices, as well as the CDX.NA.HY and CDS.EM indices. ICC also proposed
modifications to the process for distributing end-of-day prices, which
will result in ICC publishing to CPs separate messages setting forth
end-of-day price information for single name and index CDS.\9\
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    \9\ Id.
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III. Discussion and Commission Findings

    Section 19(b)(2)(C) of the Act directs the Commission to approve a
propose rule change of a self-regulatory organization if it finds that
such proposed rule change is consistent with the requirements of the
Act and the rules and regulations thereunder applicable to such
organization.\10\ Section 17A(b)(3)(F) of the Act requires, among other
things, that the rules of a registered clearing agency be designed to
promote the prompt and accurate clearance and settlement of securities
transactions and, to the extent applicable, derivative agreements,
contracts, and transactions.\11\ Rule 17Ad-22(d)(4) requires, in
relevant part, that a registered clearing agency shall establish,
implement, maintain, and enforce written policies and procedures
reasonably designed to identify sources of operational risk and
minimize them through the development of appropriate systems, controls,
and procedures; implement systems that are reliable, resilient and
secure, and have adequate, scalable capacity.\12\
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    \10\ 15 U.S.C. 78s(b)(2)(C).
    \11\ 15 U.S.C. 78q-1(b)(3)(F).
    \12\ 17 CFR 240.17Ad-22(d)(4).
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    The Commission finds that the proposed rule change, which modifies
ICC's Pricing Policy to implement a direct price submission process for
CPs, is consistent with Section 17A of the Act and Rule 17Ad-22
thereunder. The proposed rule change is consistent with the
requirements of Section 17A(b)(3)(F) that the rules of a registered
clearing agency be designed to promote the prompt and accurate
clearance and settlement of securities transactions and, to the extent
applicable, derivative agreements, contracts, and transactions. By
reducing operational risk the proposed rule changes reduce the
likelihood that ICC will be unable to complete its end-of-day price
discovery process. Completion of the end-of-day price discovery process
is a necessary and essential element in ICC's clearance and settlement
processes. The Commission believes that the proposed changes should
enhance ICC's ability to complete the necessary pricing process
effectively and thereby promote the prompt and accurate clearance and
settlement of derivative agreements, contracts and transactions
consistent with Section 17A(b)(3)(F).
    For similar reasons, the proposed rule changes are also consistent
with Rule 17Ad-22(d)(4) in that they are designed to reduce operational
risk outside of ICC's control.\13\ The proposed rule changes are
intended to reduce ICC's external operational risk by allowing ICC to
control the price submission process through the implementation of
systems designed to provide for direct connection and communication
with CPs instead of relying on an intermediary to collect price
information needed for ICC's price discovery process. As a result,
because ICC will be able to reduce its reliance on intermediaries and
thereby reduce operational risk that is outside of its control, the
proposed rule changes are consistent with the requirements of Rule
17Ad-22(d)(4).
---------------------------------------------------------------------------

    \13\ Id.
---------------------------------------------------------------------------

IV. Conclusion

    It is therefore ordered, pursuant to Section 19(b)(2) of the Act
that the proposed rule change (SR-ICC-2017-003), as amended by
Amendment No. 1, be, and hereby is, approved.\14\
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    \14\ In approving the proposed rule change, the Commission
considered the proposal's impact on efficiency, competition, and
capital formation. 15 U.S.C. 78c(f).
    \15\ 17 CFR 200.30-3(a)(12).

    For the Commission by the Division of Trading and Markets,
pursuant to delegated authority.\15\
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2017-11963 Filed 6-8-17; 8:45 am]
 BILLING CODE 8011-01-P


[Federal Register Volume 83, Number 27 (Thursday, February 8, 2018)]
[Notices]
[Pages 5617-5619]
[FR Doc No: 2018-02531]

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DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission

Combined Notice of Filings #1

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

    Docket Numbers: EC18-51-000.
    Applicants: MDU Resources Group, Inc.
    Description: Application for Authorization Under Section 203 of the
Federal Power Act of MDU Resources Group, Inc.
    Filed Date: 1/31/18.

    Accession Number: 20180131-5295.
    Comments Due: 5 p.m. ET 2/21/18.

    Take notice that the Commission received the following exempt
wholesale generator filings:

    Docket Numbers: EG18-40-000.
    Applicants: Upstream Wind Energy LLC.
    Description: Notice of Self-Certification of Exempt Wholesale
Generator Status of Upstream Wind Energy LLC.
    Filed Date: 2/2/18.
    Accession Number: 20180202-5044.
    Comments Due: 5 p.m. ET 2/23/18.

    Docket Numbers: EG18-41-000.
    Applicants: New Mexico Wind, LLC.
    Description: Notice of Self-Certification of Exempt Wholesale
Generator Status of New Mexico Wind, LLC.
    Filed Date: 2/2/18.
    Accession Number: 20180202-5054.
    Comments Due: 5 p.m. ET 2/23/18.

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

    Docket Numbers: ER18-752-001.
    Applicants: Duke Energy Carolinas, LLC.
    Description: Tariff Amendment: Amendments to CEPCI NITSA (SA No.
447) and Meter Agreement (SA No. 448) to be effective 1/1/2018.
    Filed Date: 2/2/18.
    Accession Number: 20180202-5021.
    Comments Due: 5 p.m. ET 2/23/18.

    Docket Numbers: ER18-780-000.
    Applicants: Southern California Edison Company.
    Description: Sec.  205(d) Rate Filing: Notices of Cancellation of
GIAs & Service Agreements SunEdison LLC to be effective 4/4/2018.
    Filed Date: 2/2/18.
    Accession Number: 20180202-5001.
    Comments Due: 5 p.m. ET 2/23/18.

    Docket Numbers: ER18-781-000.
    Applicants: Southern California Edison Company.
    Description: Sec.  205(d) Rate Filing: Amended LGIA RE Gaskell
West, RE Gaskell West 1, RE Gaskell West 2, SA No. 184 to be effective
2/3/2018.
    Filed Date: 2/2/18.
    Accession Number: 20180202-5002.
    Comments Due: 5 p.m. ET 2/23/18.

    Docket Numbers: ER18-782-000.
    Applicants: American Transmission Systems, Incorporated, PJM
Interconnection, L.L.C.
    Description: Sec.  205(d) Rate Filing: ATSI submits Revised
Interconnection Agreement No. 3994 to be effective 4/4/2018.
    Filed Date: 2/2/18.
    Accession Number: 20180202-5020.
    Comments Due: 5 p.m. ET 2/23/18.

    Docket Numbers: ER18-783-000.
    Applicants: MISO Transmission Owners.
    Description: Expedited Petition of the certain MISO Transmission
Owners for Waiver of Tariff Provisions and Shortened Answer Date.
    Filed Date: 2/1/18.
    Accession Number: 20180201-5136.
    Comments Due: 5 p.m. ET 2/22/18.

    Docket Numbers: ER18-784-000.
    Applicants: Upstream Wind Energy LLC.
    Description: Baseline eTariff Filing: Application for Market-Based
Rate Authorization to be effective 4/4/2018.
    Filed Date: 2/2/18.
    Accession Number: 20180202-5022.
    Comments Due: 5 p.m. ET 2/23/18.

    Docket Numbers: ER18-784-001.
    Applicants: Upstream Wind Energy LLC.
    Description: Tariff Amendment: Supplement to Application for
Market-Based Rate Authorization to be effective 4/4/2018.
    Filed Date: 2/2/18.
    Accession Number: 20180202-5060.
    Comments Due: 5 p.m. ET 2/23/18.

    Docket Numbers: ER18-785-000.
    Applicants: Public Service Company of New Hampshire.
    Description: Sec.  205(d) Rate Filing: Large Interconnection
Agreement with GSP Newington Station to be effective 1/10/2018.
    Filed Date: 2/2/18.
    Accession Number: 20180202-5070.
    Comments Due: 5 p.m. ET 2/23/18.

    Docket Numbers: ER18-786-000.
    Applicants: Public Service Company of New Hampshire.
    Description: Sec.  205(d) Rate Filing: Large Interconnection
Agreement with GSP White Lake to be effective 1/10/2018.
    Filed Date: 2/2/18.
    Accession Number: 20180202-5072.
    Comments Due: 5 p.m. ET 2/23/18.

    Docket Numbers: ER18-787-000.
    Applicants: Public Service Company of New Hampshire.
    Description: Sec.  205(d) Rate Filing: Small Interconnection
Agreement with GSP Lost Nation to be effective 1/10/2018.
    Filed Date: 2/2/18.
    Accession Number: 20180202-5074.
    Comments Due: 5 p.m. ET 2/23/18.

    Docket Numbers: ER18-788-000.
    Applicants: Midcontinent Independent System Operator, Inc.,
Consumers Energy Company.
    Description: Sec.  205(d) Rate Filing: 2018-02-02 Consumers
Attachment O Filing re Settlement in ER16-1188; ER17-1655 to be
effective 3/31/2018.
    Filed Date: 2/2/18.
    Accession Number: 20180202-5085.
    Comments Due: 5 p.m. ET 2/23/18.

    Docket Numbers: ER18-789-000.
    Applicants: PJM Interconnection, L.L.C.
    Description: Tariff Cancellation: Notice of Cancellation of WMPA
No. 4822; Queue AC1-019 to be effective 3/23/2018.
    Filed Date: 2/2/18.
    Accession Number: 20180202-5086.
    Comments Due: 5 p.m. ET 2/23/18.

    Docket Numbers: ER18-790-000.
    Applicants: Pacific Gas and Electric Company.
    Description: Sec.  205(d) Rate Filing: 2-2-18 Unexecuted Agreement,
City and County of San Francisco WDT (SA 27 to be effective 2/3/2018.
    Filed Date: 2/2/18.
    Accession Number: 20180202-5120.
    Comments Due: 5 p.m. ET 2/23/18.

    Docket Numbers: ER18-791-000.
    Applicants: Massachusetts Electric Company.
    Description: Tariff Cancellation: Notice of Cancellation of Service
Agmt IA-MECO-31-01 & Notice Waiver Request to be effective 12/21/2016.
    Filed Date: 2/2/18.
    Accession Number: 20180202-5123.
    Comments Due: 5 p.m. ET 2/23/18.

    Take notice that the Commission received the following public
utility holding company filings:

    Docket Numbers: PH18-5-000.
    Applicants: Cross & Company, PLLC.
    Description: GEP Bison Holdings, Inc. submits FERC 65-A Exemption
Notification.
    Filed Date: 2/1/18.
    Accession Number: 20180201-5154.
    Comments Due: 5 p.m. ET 2/22/18.

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

    Dated: February 2, 2018.
Kimberly D. Bose,
Secretary.
[FR Doc. 2018-02531 Filed 2-7-18; 8:45 am]
 BILLING CODE 6717-01-P


[Federal Register Volume 84, Number 65 (Thursday, April 4, 2019)]
[Notices]
[Pages 13349-13351]
[FR Doc No: 2019-06526]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-85469; File No. SR-MIAX-2019-16]

Self-Regulatory Organizations; Miami International Securities
Exchange, LLC; Notice of Filing and Immediate Effectiveness of a
Proposed Rule Change To Amend Exchange Rule 510, Minimum Price
Variations and Minimum Trading Increments

March 29, 2019.
    Pursuant to the provisions of Section 19(b)(1) of the Securities
Exchange Act of 1934 (``Act'') \1\ and Rule 19b-4 thereunder,\2\ notice
is hereby given that on March 22, 2019, Miami International Securities
Exchange, LLC (``MIAX Options'' or the ``Exchange'') filed with the
Securities and Exchange Commission (``Commission'') a proposed rule
change as described in Items I and II 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.
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
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I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change

    The Exchange is filing a proposal to amend Rule 510, Minimum Price
Variations and Minimum Trading Increments, to specify that replacement
classes may be added to the Penny Pilot Program on a quarterly basis,
without altering the expiration date of the Penny Pilot Program, which
is June 30, 2019.\3\
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    \3\ See Securities Exchange Act Release No. 84864 (December 19,
2018), 83 FR 66778 (December 27, 2018) (SR-MIAX-2018-38).
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    The text of the proposed rule change is available on the Exchange's
website at http://www.miaxoptions.com/rule-filings/ at MIAX Options'
principal office, 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 Exchange proposes to amend Rule 510, Minimum Price Variations
and Minimum Trading Increments, Interpretations and Policies .01,
regarding the Penny Pilot Program, to specify that replacement classes
may be added to the Penny Pilot Program on a quarterly basis, without
altering the expiration date of the Penny Pilot Program, which is June
30, 2019.
    The Exchange recently filed to extend the Penny Pilot Program until
June 30, 2019 (from December 31, 2018) and also updated the rule text
to provide that replacement classes may be added to the Penny Pilot
Program on the second trading day following January 1, 2019.\4\
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    \4\ See id.
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    The proposed rule authorizes the Exchange to replace any option
classes in the Penny Pilot Program that have been delisted with the
next most actively traded multiply listed option classes that are not
yet included in the Penny Pilot Program, based on trading activity in
the previous six months.\5\ The Exchange now proposes to modify Rule
510, Minimum Price Variations and Minimum Trading Increments,
Interpretations and Policies .01, to allow the Exchange to add
replacement classes (for Penny Pilot Program classes that have been
delisted) on a quarterly basis. The Exchange added replacement classes
in January 2019 and would add eligible replacement classes in April,
July, and October. The Exchange believes this change would allow the
Exchange to update option classes eligible for the Penny Pilot Program
(by replacing delisted classes) on a quarterly basis (as opposed to
semi-annual) and would enable further analysis of the Penny Pilot
Program and a determination of how the Penny Pilot Program should be
structured in the future.
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    \5\ See Exchange Rule 510, Interpretations and Policies .01.
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    As is the case today, the Exchange will determine replacement
classes based on trading activity in the previous

six months (the ``six month lookback'') but will not use the month
immediately preceding the addition of a replacement to the Penny Pilot
Program. Thus, a replacement class to be added on the second trading
day following April 1, 2019 would be identified based on The Option
Clearing Corporation's trading volume data from September 1, 2018
through February 28, 2019.\6\ The Exchange believes the six month
lookback is appropriate because this time period would help reduce the
impact of unusual trading activity as a result of unique market events,
such as a corporate action (i.e., it would result in a more reliable
measure of average daily trading volume than would a shorter period).
---------------------------------------------------------------------------

    \6\ Exchange Rule 510, Interpretations and Policies .01
continues to obligate the Exchange to announce the replacement
classes by a Listings Alert.
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    This filing does not propose any substantive changes to the Penny
Pilot Program: All classes currently participating will remain the same
and all minimum increments will remain unchanged. The Exchange believes
the benefits to public customers and other market participants who will
be able to express their true prices to buy and sell options have been
demonstrated to outweigh the increase in quote traffic. In addition,
the proposed change would align the Exchange's rules with the rules of
competing options exchanges that have proposed rules consistent with
this proposal.\7\
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    \7\ See Securities Exchange Act Release Nos. 85348 (March 18,
2019), 84 FR 10860 (March 22, 2019) (SR-NYSEAMER-2019-05); 85363
(March 19, 2019), (SR-NYSEARCA-2019-13) (Notice of Filing and
Immediate Effectiveness of Proposed Rule Change Amending Commentary
.02 to Rule 6.72-O to specify that replacement issues may be added
to the Penny Pilot quarterly).
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2. Statutory Basis
    The Exchange believes that its proposed rule change is consistent
with Section 6(b) of the Act \8\ in general, and furthers the
objectives of Section 6(b)(5) of the Act \9\ 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
mechanisms of a free and open market and a national market system and,
in general, to protect investors and the public interest.
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    \8\ 15 U.S.C. 78f(b).
    \9\ 15 U.S.C. 78f(b)(5).
---------------------------------------------------------------------------

    Additionally, the Exchange believes the proposed rule change is
consistent with the Section 6(b)(5) \10\ requirement that the rules of
an exchange not be designed to permit unfair discrimination between
customers, issuers, brokers, or dealers. In particular, the Exchange
believes the proposal to allow the addition of replacement classes to
the Penny Pilot Program on a quarterly basis would result in a more
current list of Penny Pilot Program-eligible classes and would enable
further analysis of the Penny Pilot Program, including for a
determination of how the Penny Pilot Program should be structured in
the future. Further, the Exchange believes the six month lookback is
appropriate because this time period would help reduce the impact of
unusual trading activity as a result of unique market events, such as a
corporate action (i.e., it would result in a more reliable measure of
average daily trading volume than would a shorter period). Thus, the
Exchange believes this proposal would promote just and equitable
principles of trade, foster cooperation and coordination with persons
engaged in facilitating transactions in securities, and remove
impediments to and perfect the mechanisms of a free and open market and
a national market system.
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    \10\ Id.
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    The Exchange notes that it is not making any other substantive
changes to the Penny Pilot Program, other than modifying the timing for
replacement classes and therefore the Exchange will continue to
participate in a program that has been viewed as beneficial to traders,
investors and public customers and viewed as successful by the other
options exchanges participating in it.
    The Exchange believes that the Penny Pilot Program would continue
to promote just and equitable principles of trade by enabling public
customers and other market participants to express their true prices to
buy and sell options to the benefit of all market participants.

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 that is not necessary or appropriate
in furtherance of the purposes of the Act. Specifically, the Exchange
believes that allowing the Exchange to add replacement classes to the
Penny Pilot Program on a quarterly basis would make the list of Penny
Pilot Program-eligible classes more current and would enable further
analysis of the Penny Pilot Program, including for a determination of
how the Penny Pilot Program should be structured in the future. In
doing so, the proposed rule change will also serve to promote
regulatory clarity and consistency, thereby reducing burdens on the
marketplace and facilitating investor protection. The Penny Pilot
Program is an industry-wide initiative supported by all other option
exchanges. The Exchange believes that the proposed change would allow
for continued competition between Exchange market participants trading
similar products as their counterparts on other exchanges, while at the
same time allowing the Exchange to continue to compete for order flow
with other exchanges in option classes trading as part of the Penny
Pilot Program.

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 Exchange has filed the proposed rule change pursuant to Section
19(b)(3)(A)(iii) of the Act \11\ and Rule 19b-4(f)(6) thereunder.\12\
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 prior to
30 days from the date on which it was filed, or such shorter time as
the Commission may designate, if consistent with the protection of
investors and the public interest, the proposed rule change has become
effective pursuant to Section 19(b)(3)(A) of the Act and Rule 19b-
4(f)(6)(iii) thereunder.
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    \11\ 15 U.S.C. 78s(b)(3)(A)(iii).
    \12\ 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.
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    A proposed rule change filed under Rule 19b-4(f)(6) \13\ normally
does not become operative prior to 30 days after the date of the
filing. However, pursuant to Rule 19b-4(f)(6)(iii),\14\ the Commission
may designate a shorter time if such action is consistent with the
protection of investors and the public interest. The Exchange has asked
the Commission to waive the 30-day operative delay so that the proposal
may become operative immediately upon filing. The Commission believes
that waiving the 30-day operative delay is consistent with the
protection of investors and the public interest. The

change will allow the Exchange to add classes to the pilot that are
actively traded at the start of the second quarter (i.e., in April
2019) and replace those that have been delisted and are no longer
trading on a more frequent basis. This will help ensure that the top
363 most actively traded, multiply-listed classes are included in the
Pilot, which will enable further analysis of the Pilot.\15\
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    \13\ 17 CFR 240.19b-4(f)(6).
    \14\ 17 CFR 240.19b-4(f)(6)(iii).
    \15\ For purposes only of waiving the operative delay for this
proposal, 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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    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) \16\ of the Act to determine whether the proposed
rule change should be approved or disapproved.
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    \16\ 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 protected]. Please include
File Number SR-MIAX-2019-16 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-MIAX-2019-16. This file
number should be included on the subject line if email is used. To help
the Commission process and review your comments more efficiently,
please use only one method. The Commission will post all comments on
the Commission's internet website (http://www.sec.gov/rules/sro.shtml.)
    Copies of the submission, all subsequent amendments, all written
statements with respect to the proposed rule change that are filed with
the Commission, and all written communications relating to the proposed
rule change between the Commission and any person, other than those
that may be withheld from the public in accordance with the provisions
of 5 U.S.C. 552, will be available for website viewing and printing in
the Commission's Public Reference Room, 100 F Street NE, Washington, DC
20549, on official business days between the hours of 10:00 a.m. and
3:00 p.m. Copies of 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-MIAX-2019-16 and
should be submitted on or before April 25, 2019.

    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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Eduardo A. Aleman,
Deputy Secretary.
[FR Doc. 2019-06526 Filed 4-3-19; 8:45 am]
 BILLING CODE 8011-01-P