[Federal Register Volume 82, Number 199 (Tuesday, October 17, 2017)]
[Notices]
[Pages 48302-48304]
[FR Doc No: 2017-22389]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-81852; File No. SR-BOX-2017-32]

Self-Regulatory Organizations; BOX Options Exchange LLC; Notice
of Filing and Immediate Effectiveness of a Proposed Rule Change To
Amend the Fee Schedule To Adopt a Strategy QOO Order Fee Cap

October 11, 2017.
    Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934
(the ``Act''),\1\ and Rule 19b-4 thereunder,\2\ notice is hereby given
that on September 29, 2017, BOX Options Exchange LLC (the ``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 Exchange filed the
proposed rule change pursuant to Section 19(b)(3)(A)(ii) of the Act,\3\
and Rule 19b-4(f)(2) thereunder,\4\ which renders the proposal
effective upon filing with the Commission. The Commission is publishing
this notice to solicit comments on the proposed rule change from
interested persons.
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ 15 U.S.C. 78s(b)(3)(A)(ii).
    \4\ 17 CFR 240.19b-4(f)(2).

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

    The Exchange is filing with the Securities and Exchange Commission
(``Commission'') a proposed rule change to amend the Fee Schedule on
the BOX Market LLC (``BOX'') options facility. While changes to the fee
schedule pursuant to this proposal will be effective upon filing, the
changes will become operative on October 2, 2017. 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 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 the Fee Schedule for trading on BOX
to establish monthly and daily fee caps for certain manual transactions
fees on the BOX open-outcry Trading Floor (``Trading Floor''). Manual
transactions consist of Qualified Open Outcry (``QOO'') Orders.\5\ A
QOO Order must be entered as a two-sided order, an initiating side and
a contra-side, and the QOO Order fees, rebates and applicable fee and
rebate caps will apply to both sides of the order.
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    \5\ See BOX Rule 7600. The QOO Order must be entered as a two-
sided order when it is submitted to the Exchange for execution
through the BOX Order Gateway (``BOG'').
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    Specifically, the Exchange proposes to add Section II.D ``Strategy
QOO Fee Cap'' where manual transactions fees will be capped at $700 for
all reversal, conversion, jelly roll, and box spread strategies \6\
executed on the same trading day in the same option class. QOO Order
fees in these combined Strategies will further be capped at $25,000 per
month per Participant. The Exchange then proposes to specify that
executions subject to the Strategy QOO Order Fee Cap will not be
subject to the Broker Dealer manual transaction fee cap of $75,000 per
month in Section II.A, and the QOO Order Rebate outlined in Section
II.C.
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    \6\ A ``reversal strategy'' is established by combining a short
security position with a short put and a long call position that
shares the same strike and expiration. A ``conversion strategy'' is
established by combining a long position in the underlying security
with a long put and a short call position that shares the same
strike and expiration. A ``jelly roll strategy'' is created by
entering into two separate positions simultaneously. One position
involves buying a put and selling a call with the same strike price
and expiration. The second position involves selling a put and
buying a call, with the same strike price, but with a different
expiration from the first position. A ``box spread strategy'' is a
strategy that synthesizes long and short stock positions to create a
profit. Specifically, a long call and short put at one strike is
combined with a short call and long put at a different strike to
create synthetic long and synthetic short stock positions,
respectively. These definitions are identical to the terms defined
in the Chicago Board Options Exchange, Inc. (``CBOE'') Fee Schedule;
NYSE American Options Fee Schedule ``(``NYSE'') and Phlx Pricing
Schedule (``PHLX''), Strategy Caps on Multiply Listed Options Fees.
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2. Statutory Basis
    The Exchange believes that the proposal is consistent with the
requirements of Section 6(b) of the Act, in general, and Section
6(b)(4) and 6(b)(5) of the Act,\7\ in particular, in that it provides
for the equitable allocation of reasonable dues, fees, and other
charges among BOX Participants and other persons using its facilities
and does not unfairly discriminate between customers, issuers, brokers
or dealers.
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    \7\ 15 U.S.C. 78f(b)(4) and (5).
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    The Exchange believes that the proposed Strategy QOO Order fee cap
is reasonable and appropriate. The proposed fee cap of $700 per day for
certain strategies executed on the same trading day in the same option
class; and $25,000 per month per Participant are the same amount
strategy fee caps at a competing exchanges with an open outcry trading
floor.\8\ Further, the Exchange believes that this proposed fee cap is
equitable and not unfairly discriminatory because it provides
incentives for all Participants to submit certain strategy orders to
the BOX Trading Floor, which brings increased liquidity and order flow
to the floor for the benefit of all market participants. Finally, the
Exchange believes it is reasonable, equitable and not unfairly
discriminatory to exempt all transactions subject to the Strategy QOO
Fee Cap from the Broker Dealer monthly QOO fee cap and the QOO Order
Rebate as additional incentives for these orders will no longer be
necessary.
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    \8\ See CBOE Fee Schedule Footnote 13; NYSE Fee Schedule, Limit
of Fees on Options Strategy Executions on page 18; and Phlx Pricing
Schedule, Strategy Caps on Multiply Listed Options Fees.
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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. Further, the Exchange does not
believe that capping the fees for certain Strategy QOO Orders will
impose an undue burned on intra-market competition because all Floor
Participants are eligible for the fee cap. Further, the Exchange
believes that the fee cap will promote competition by allowing the
Exchange to remain competitive with other exchanges with open outcry
trading floors.

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

    The foregoing rule change has become effective pursuant to Section
19(b)(3)(A)(ii) of the Exchange Act \9\ and Rule 19b-4(f)(2)
thereunder,\10\ because it establishes or changes a due, or fee.
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    \9\ 15 U.S.C. 78s(b)(3)(A)(ii).
    \10\ 17 CFR 240.19b-4(f)(2).
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    At any time within 60 days of the filing of the proposed rule
change, the Commission summarily may temporarily suspend the rule
change if it appears to the Commission that the action is necessary or
appropriate in the public interest, for the protection of investors, or
would otherwise further 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-2017-32 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-2017-32. This file
number should be included on the subject line if email is used. To help
the Commission process and review your comments more efficiently,
please use only one method. The Commission will post all comments on
the Commission's Internet Web site (http://www.sec.gov/rules/sro.shtml). Copies of the submission, all subsequent amendments, all
written statements with respect to the proposed rule change that are
filed with the Commission, and all written communications relating to
the proposed rule change between the Commission and any person, other
than those that may be withheld from the public in accordance with the
provisions of 5 U.S.C. 552, will be available for Web site viewing and
printing in the Commission's Public Reference Room, 100 F Street NE.,
Washington, DC 20549 on official business days between the hours of
10:00 a.m. and 3:00 p.m. Copies of such filing also will be available
for inspection and copying at the principal office of the Exchange. All
comments received will be posted without change; the Commission does
not edit personal identifying information from submissions. You should
submit only information that you wish to make available publicly. All
submissions should refer to File Number SR-BOX-2017-32, and should be
submitted on or before November 7, 2017.

    For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\11\
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    \11\ 17 CFR 200.30-3(a)(12).
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Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017-22389 Filed 10-16-17; 8:45 am]
BILLING CODE 8011-01-P


[Federal Register Volume 82, Number 221 (Friday, November 17, 2017)]
[Notices]
[Pages 54338-54339]
[FR Doc No: 2017-24971]

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ENVIRONMENTAL PROTECTION AGENCY

[EPA-HQ-OAR-2007-0482-0012; FRL--9969-76-OEI]

Information Collection Request Submitted to OMB for Review and
Approval; Comment Request; SmartWay Transport Partnership (Renewal)

AGENCY: Environmental Protection Agency (EPA).

ACTION: Notice.

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SUMMARY: The Environmental Protection Agency has submitted an
information collection request (ICR), ``SmartWay Transport
Partnership'' (EPA ICR No. 2265.03, OMB Control No. 2060-0663) to the
Office of Management and Budget (OMB) for review and approval in
accordance with the Paperwork Reduction Act. This is a reinstatement of
the ICR, which was currently approved through July 31, 2017. Public
comments were previously requested via the Federal Register on July 7,
2017 during a 60-day comment period. This notice allows for an
additional 30 days for public comments. A fuller description of the ICR
is given below, including its estimated burden and cost to the public.
An agency may not conduct or sponsor and a person is not required to
respond to a collection of information unless it displays a currently
valid OMB control number.

DATES: Additional comments may be submitted on or before December 18,
2017.

ADDRESSES: Submit your comments, referencing Docket ID Number EPA-HQ-
OAR-2007-0482-0012 to (1) EPA online using www.regulations.gov (our
preferred method), by email to [email protected], or by mail to:

EPA Docket Center, Environmental Protection Agency, Mail Code 28221T,
1200 Pennsylvania Ave. NW., Washington, DC 20460, and (2) OMB via email
to [email protected]. Address comments to OMB Desk Officer
for EPA.
    EPA's policy is that all comments received will be included in the
public docket without change including any personal information
provided, unless the comment includes profanity, threats, information
claimed to be Confidential Business Information (CBI) or other
information whose disclosure is restricted by statute.

FOR FURTHER INFORMATION CONTACT:  Kathleen Martz, U.S. Environmental
Protection Agency, 2000 Traverwood Drive, S-68, Ann Arbor, MI 48105;
telephone number:<PHONE_NUMBER>; Fax:<PHONE_NUMBER>; email address:
[email protected].

SUPPLEMENTARY INFORMATION: Supporting documents, which explain in
detail the information that the EPA will be collecting, are available
in the public docket for this ICR. The docket can be viewed online at
www.regulations.gov or in person at the EPA Docket Center, WJC West,
Room 3334, 1301 Constitution Ave. NW., Washington, DC. The telephone
number for the Docket Center is<PHONE_NUMBER>. For additional
information about EPA's public docket, visit http://www.epa.gov/dockets.
    Abstract: SmartWay is a voluntary program that focuses on
increasing efficiency and lowering air pollution generated by goods
movement that is open to organizations that own, operate, or contract
with fleet operations, including truck, rail, barge, air and multi-
modal carriers, logistics companies, and shippers. Organizations that
do not operate fleets, but that are working to strengthen the freight
industry, such as industry trade associations, state and local
transportation agencies and environmental groups, also may join as
SmartWay affiliates. All organizations that join SmartWay are asked to
provide EPA with information as part of their SmartWay registration to
annually benchmark their transportation-related operations and improve
the environmental performance of their freight activities.
    A company joins SmartWay when it completes and submits a SmartWay
Excel-based tool (``reporting tool'') to EPA. The data outputs from the
submitted tool are used by partners and SmartWay in several ways.
First, the data provides confirmation that SmartWay partners are
meeting established objectives in their Partnership Agreement. The
reporting tool outputs enable EPA to assist SmartWay partners as
appropriate, and to update them with environmental performance and
technology information that empower them to improve their efficiency.
This information also improves EPA's knowledge and understanding of the
environmental and energy impacts associated with goods movement, and
the effectiveness of both proven and emerging strategies to lessen
those impacts.
    In addition to requesting annual freight transportation-related
data, EPA may ask its SmartWay partners for other kinds of information
which could include opinions and test data on the effectiveness of new
and emerging technology applications, sales volumes associated with
SmartWay-recommended vehicle equipment and technologies, the reach and
value of partnering with EPA through the SmartWay Partnership, and
awareness of the SmartWay brand. In some instances, EPA might query
other freight industry representatives (not just SmartWay partners),
including trade and professional associations, nonprofit environmental
groups, energy and community organizations, and universities, and a
small sampling of the general public.
    Form Numbers: None.
    Respondents/affected entities: Private and public organizations
that join SmartWay Transport Partnership; freight industry
representatives who engage in activities related to the SmartWay
Partnership; and representative samplings of consumers in the general
public.
    Respondent's obligation to respond: Voluntary.
    Estimated number of respondents: 4,605.
    Frequency of response: Once, on occasion and annually.
    Total estimated burden: 13,224 hours.
    Total estimated cost: $909,828, which includes no capital or
operation and maintenance costs.
    Changes in the Estimates: There is an increase of 1,720 hours in
the total estimated respondent partner burden compared with the ICR
currently approved by OMB. This increase reflects the following
adjustments and program changes:
    (1) Adjustments increase associated with increased interest in
SmartWay, and thus, an increase in new annual respondents, as well as
robust program retention practices, leading to increased number of
existing respondent partners reporting annually, increase in the number
of applications for the SmartWay Excellence Awards and the affiliate
challenge annually;
    (2) Program change increase associated with the new SmartWay
Affiliate Program and new requirements under SmartWay Tractor and
Trailer program; and,
    (3) Adjustment decrease due to EPA's change in policy for
submitting Awards materials electronically, rather than by mail.

Courtney Kerwin,
Acting Director, Collection Strategies Division.
[FR Doc. 2017-24971 Filed 11-16-17; 8:45 am]
 BILLING CODE 6560-50-P


Aaron Levy/DC/USEPA/US
12/13/2007 09:56 AM	To
	"Lee, Amanda I."<EMAIL_ADDRESS>	cc
<EMAIL_ADDRESS>Christine Augustyniak/DC/USEPA/US@EPA, Diane
McConkey/DC/USEPA/US@EPA, Elisa Rim/DC/USEPA/US@EPA, "Finman, Hodayah H
\(OES\)"<EMAIL_ADDRESS>"MacNeil, John S."
<EMAIL_ADDRESS>"Klein, Jeffrey M"<EMAIL_ADDRESS>
"Belefski, Mary L."<EMAIL_ADDRESS>Paul
Balserak/DC/USEPA/US@EPA, Richard Keigwin/DC/USEPA/US@EPA, Ross
Brennan/DC/USEPA/US@EPA, "Smith, Russell"<EMAIL_ADDRESS>
"Thompson, John E \(OES\)"<EMAIL_ADDRESS>	bcc

	Subject
	Correct Version: Final draft of the 2008 CUE MeBr FRM

Hello All,

Yesterday, Amanda forwarded for final interagency concurrence the preamble
version that was uploaded to ROCIS for formal OMB review.  Unfortunately,
due to a mistake in the EPA transmission process, that was the old draft
with placeholders for iodomethane uptake.  The correct version was just
re-submitted to OMB for formal review.

So as not to hold final concurrence process any longer than necessary, I
am attaching the correct and final version which is not in ROCIS, as well
as our internal spreadsheet, which shows how the numbers have changed from
the proposed rule to the first interagency draft of the final rule to the
final preamble that is attached.

Many apologies for the confusion, and thanks again for your hard work and
patience.

Aaron Levy
U.S. Environmental Protection Agency
Stratospheric Protection Division
1200 Pennsylvania Ave. NW (6205J)
Washington, DC 20460
Tel:<PHONE_NUMBER>
Fax:<PHONE_NUMBER>
Email<EMAIL_ADDRESS>

"Lee, Amanda I."<EMAIL_ADDRESS>12/12/2007 10:44 AM
	To
	"Thompson, John E \(OES\)"<EMAIL_ADDRESS>"Finman, Hodayah H
\(OES\)"<EMAIL_ADDRESS>"Klein, Jeffrey M"<EMAIL_ADDRESS>
<EMAIL_ADDRESS>"Belefski, Mary L."
<EMAIL_ADDRESS>"Smith, Russell"
<EMAIL_ADDRESS>"MacNeil, John S."
<EMAIL_ADDRESS>	cc
	Paul Balserak/DC/USEPA/US@EPA, Ross Brennan/DC/USEPA/US@EPA, Aaron
Levy/DC/USEPA/US@EPA, Diane McConkey/DC/USEPA/US@EPA, Richard
Keigwin/DC/USEPA/US@EPA, Christine Augustyniak/DC/USEPA/US@EPA, Elisa
Rim/DC/USEPA/US@EPA
	Subject
	Final draft of the 2008 CUE MeBr FRM

Hi all,

Please find attached EPA's final draft that incorporates all of the
interagency comments.  I need your concurrence by COB today.  Very very
sorry about the timeline as usual.  If you don't concur and have
identified major issues, I need to know ASAP.

Thanks,

Amanda