States, or on the distribution of power and responsibilities among the
various levels of government, and, therefore, does not have Federalism
implications.

B. Executive Order 13211, Regulations That Significantly Affect Energy
Supply, Distribution, or Use

    The FAA analyzed this final rule under Executive Order 13211,
Actions Concerning Regulations that Significantly Affect Energy Supply,
Distribution, or Use (May 18, 2001). The agency has determined that it
is not a ``significant energy action'' under the executive order and it
is not likely to have a significant adverse effect on the supply,
distribution, or use of energy.

VII. How To Obtain Additional Information

A. Rulemaking Documents

    An electronic copy of a rulemaking document may be obtained by
using the Internet--
    1. Search the Federal eRulemaking Portal (http://www.regulations.gov);
    2. Visit the FAA's Regulations and Policies Web page at http://www.faa.gov/regulations_policies/ or
    3. Access the Government Printing Office's Web page at http://www.gpo.gov/fdsys/browse/collection.action?collectionCode=FR.
    Copies may also be obtained by sending a request (identified by
notice, amendment, or docket number of this rulemaking) to the Federal
Aviation Administration, Office of Rulemaking, ARM-1, 800 Independence
Avenue SW., Washington, DC 20591, or by calling<PHONE_NUMBER>.

B. Comments Submitted to the Docket

    Comments received may be viewed by going to http://www.regulations.gov and following the online instructions to search the
docket number for this action. Anyone is able to search the electronic
form of all comments received into any of the FAA's dockets by the name
of the individual submitting the comment (or signing the comment, if
submitted on behalf of an association, business, labor union, etc.).

C. Small Business Regulatory Enforcement Fairness Act

    The Small Business Regulatory Enforcement Fairness Act (SBREFA) of
1996 requires FAA to comply with small entity requests for information
or advice about compliance with statutes and regulations within its
jurisdiction. A small entity with questions regarding this document,
may contact its local FAA official, or the person listed under the FOR
FURTHER INFORMATION CONTACT heading at the beginning of the preamble.
To find out more about SBREFA on the Internet, visit http://www.faa.gov/regulations_policies/rulemaking/sbre_act/.

List of Subjects

14 CFR Part 5

    Air carriers, Aircraft, Airmen, Aviation safety, Reporting and
recordkeeping requirements, Safety, Transportation.

14 CFR Part 119

    Administrative practice and procedure, Air carriers, Aircraft,
Aviation safety, Charter flights, Reporting and recordkeeping
requirements.

The Amendment

    In consideration of the foregoing, and under the authority of 49
U.S.C. 106(f) and 44701(a)(5), the Federal Aviation amends chapter I of
title 14, Code of Federal Regulations, as follows:

0
1. The heading for subchapter A is revised to read as follows:

Subchapter A--Definitions and General Requirements

0
2. Add part 5 to subchapter A to read as follows:

PART 5--SAFETY MANAGEMENT SYSTEMS

Subpart A--General
Sec.
5.1 Applicability.
5.3 General requirements.
5.5 Definitions.
Subpart B--Safety Policy
5.21 Safety policy.
5.23 Safety accountability and authority.
5.25 Designation and responsibilities of required safety management
personnel.
5.27 Coordination of emergency response planning.
Subpart C--Safety Risk Management
5.51 Applicability.
5.53 System analysis and hazard identification.
5.55 Safety risk assessment and control.
Subpart D--Safety Assurance
5.71 Safety performance monitoring and measurement.
5.73 Safety performance assessment.
5.75 Continuous improvement.
Subpart E--Safety Promotion
5.91 Competencies and training.
5.93 Safety communication.
Subpart F--SMS Documentation and Recordkeeping
5.95 SMS documentation.
5.97 SMS records.

    Authority:  Pub. L. 111-216, sec. 215 (Aug. 1, 2010); 49 U.S.C.
106(f), 106(g), 40101, 40113, 40119, 41706, 44101, 44701-44702,
44705, 44709-44711, 44713, 44716-44717, 44722, 46105.

Subpart A--General

Sec.  5.1  Applicability.

    (a) A certificate holder under part 119 of this chapter authorized
to conduct operations in accordance with the requirements of part 121
of this chapter must have a Safety Management System that meets the
requirements of this part and is acceptable to the Administrator by
January 8, 2018.
    (b) A certificate holder must submit an implementation plan to the
FAA Administrator for review no later than September 9, 2015. The
implementation plan must be approved no later than March 9, 2016.
    (c) The implementation plan may include any of the certificate
holder's existing programs, policies, or procedures that it intends to
use to meet the requirements of this part, including components of an
existing SMS.

Sec.  5.3  General requirements.

    (a) Any certificate holder required to have a Safety Management
System under this part must submit the Safety Management System to the
Administrator for acceptance. The SMS must be appropriate to the size,
scope, and complexity of the certificate holder's operation and include
at least the following components:
    (1) Safety policy in accordance with the requirements of subpart B
of this part;
    (2) Safety risk management in accordance with the requirements of
subpart C of this part;
    (3) Safety assurance in accordance with the requirements of subpart
D of this part; and
    (4) Safety promotion in accordance with the requirements of subpart
E of this part.
    (b) The Safety Management System must be maintained in accordance
with the recordkeeping requirements in subpart F of this part.
    (c) The Safety Management System must ensure compliance with the
relevant regulatory standards in chapter I of Title 14 of the Code of
Federal Regulations.

Sec.  5.5  Definitions.

    Hazard means a condition that could foreseeably cause or contribute
to an aircraft accident as defined in 49 CFR 830.2.
    Risk means the composite of predicted severity and likelihood of
the potential effect of a hazard.
    Risk control means a means to reduce or eliminate the effects of
hazards.
    Safety assurance means processes within the SMS that function
systematically to ensure the performance and effectiveness of safety
risk controls and that the organization meets or exceeds its safety
objectives through the collection, analysis, and assessment of
information.
    Safety Management System (SMS) means the formal, top-down,
organization-wide approach to managing safety risk and assuring the
effectiveness of safety risk controls. It includes systematic
procedures, practices, and policies for the management of safety risk.
    Safety objective means a measurable goal or desirable outcome
related to safety.
    Safety performance means realized or actual safety accomplishment
relative to the organization's safety objectives.
    Safety policy means the certificate holder's documented commitment
to safety, which defines its safety objectives and the accountabilities
and responsibilities of its employees in regards to safety.
    Safety promotion means a combination of training and communication
of safety information to support the implementation and operation of an
SMS in an organization.
    Safety Risk Management means a process within the SMS composed of
describing the system, identifying the hazards, and analyzing,
assessing and controlling risk.

Subpart B--Safety Policy

Sec.  5.21  Safety policy.

    (a) The certificate holder must have a safety policy that includes
at least the following:
    (1) The safety objectives of the certificate holder.
    (2) A commitment of the certificate holder to fulfill the
organization's safety objectives.
    (3) A clear statement about the provision of the necessary
resources for the implementation of the SMS.
    (4) A safety reporting policy that defines requirements for
employee reporting of safety hazards or issues.
    (5) A policy that defines unacceptable behavior and conditions for
disciplinary action.
    (6) An emergency response plan that provides for the safe
transition from normal to emergency operations in accordance with the
requirements of Sec.  5.27.
    (b) The safety policy must be signed by the accountable executive
described in Sec.  5.25.
    (c) The safety policy must be documented and communicated
throughout the certificate holder's organization.
    (d) The safety policy must be regularly reviewed by the accountable
executive to ensure it remains relevant and appropriate to the
certificate holder.

Sec.  5.23  Safety accountability and authority.

    (a) The certificate holder must define accountability for safety
within the organization's safety policy for the following individuals:

    (1) Accountable executive, as described in Sec.  5.25.
    (2) All members of management in regard to developing,
implementing, and maintaining SMS processes within their area of
responsibility, including, but not limited to:
    (i) Hazard identification and safety risk assessment.
    (ii) Assuring the effectiveness of safety risk controls.
    (iii) Promoting safety as required in subpart E of this part.
    (iv) Advising the accountable executive on the performance of the
SMS and on any need for improvement.
    (3) Employees relative to the certificate holder's safety
performance.
    (b) The certificate holder must identify the levels of management
with the authority to make decisions regarding safety risk acceptance.

Sec.  5.25  Designation and responsibilities of required safety
management personnel.

    (a) Designation of the accountable executive. The certificate
holder must identify an accountable executive who, irrespective of
other functions, satisfies the following:
    (1) Is the final authority over operations authorized to be
conducted under the certificate holder's certificate(s).
    (2) Controls the financial resources required for the operations to
be conducted under the certificate holder's certificate(s).
    (3) Controls the human resources required for the operations
authorized to be conducted under the certificate holder's
certificate(s).
    (4) Retains ultimate responsibility for the safety performance of
the operations conducted under the certificate holder's certificate.
    (b) Responsibilities of the accountable executive. The accountable
executive must accomplish the following:
    (1) Ensure that the SMS is properly implemented and performing in
all areas of the certificate holder's organization.
    (2) Develop and sign the safety policy of the certificate holder.
    (3) Communicate the safety policy throughout the certificate
holder's organization.
    (4) Regularly review the certificate holder's safety policy to
ensure it remains relevant and appropriate to the certificate holder.
    (5) Regularly review the safety performance of the certificate
holder's organization and direct actions necessary to address
substandard safety performance in accordance with Sec.  5.75.
    (c) Designation of management personnel. The accountable executive
must designate sufficient management personnel who, on behalf of the
accountable executive, are responsible for the following:
    (1) Coordinate implementation, maintenance, and integration of the
SMS throughout the certificate holder's organization.
    (2) Facilitate hazard identification and safety risk analysis.
    (3) Monitor the effectiveness of safety risk controls.
    (4) Ensure safety promotion throughout the certificate holder's
organization as required in subpart E of this part.
    (5) Regularly report to the accountable executive on the
performance of the SMS and on any need for improvement.

Sec.  5.27  Coordination of emergency response planning.

    Where emergency response procedures are necessary, the certificate
holder must develop and the accountable executive must approve as part
of the safety policy, an emergency response plan that addresses at
least the following:
    (a) Delegation of emergency authority throughout the certificate
holder's organization;
    (b) Assignment of employee responsibilities during the emergency;
and
    (c) Coordination of the certificate holder's emergency response
plans with the emergency response plans of other organizations it must
interface with during the provision of its services.

Subpart C--Safety Risk Management

Sec.  5.51  Applicability.

    A certificate holder must apply safety risk management to the
following:
    (a) Implementation of new systems.
    (b) Revision of existing systems.
    (c) Development of operational procedures.
    (d) Identification of hazards or ineffective risk controls through
the safety assurance processes in subpart D of this part.

Sec.  5.53  System analysis and hazard identification.

    (a) When applying safety risk management, the certificate holder
must analyze the systems identified in Sec.  5.51. Those system
analyses must be used to identify hazards under paragraph (c) of this
section, and in developing and implementing risk controls related to
the system under Sec.  5.55(c).
    (b) In conducting the system analysis, the following information
must be considered:
    (1) Function and purpose of the system.
    (2) The system's operating environment.
    (3) An outline of the system's processes and procedures.
    (4) The personnel, equipment, and facilities necessary for
operation of the system.
    (c) The certificate holder must develop and maintain processes to
identify hazards within the context of the system analysis.

Sec.  5.55  Safety risk assessment and control.

    (a) The certificate holder must develop and maintain processes to
analyze safety risk associated with the hazards identified in Sec.
5.53(c).
    (b) The certificate holder must define a process for conducting
risk assessment that allows for the determination of acceptable safety
risk.
    (c) The certificate holder must develop and maintain processes to
develop safety risk controls that are necessary as a result of the
safety risk assessment process under paragraph (b) of this section.
    (d) The certificate holder must evaluate whether the risk will be
acceptable with the proposed safety risk control applied, before the
safety risk control is implemented.

Subpart D--Safety Assurance

Sec.  5.71  Safety performance monitoring and measurement.

    (a) The certificate holder must develop and maintain processes and
systems to acquire data with respect to its operations, products, and
services to monitor the safety performance of the organization. These
processes and systems must include, at a minimum, the following:
    (1) Monitoring of operational processes.
    (2) Monitoring of the operational environment to detect changes.
    (3) Auditing of operational processes and systems.
    (4) Evaluations of the SMS and operational processes and systems.
    (5) Investigations of incidents and accidents.
    (6) Investigations of reports regarding potential non-compliance
with regulatory standards or other safety risk controls established by
the certificate holder through the safety risk management process
established in subpart B of this part.
    (7) A confidential employee reporting system in which employees can
report hazards, issues, concerns, occurrences, incidents, as well as
propose solutions and safety improvements.
    (b) The certificate holder must develop and maintain processes that

analyze the data acquired through the processes and systems identified
under paragraph (a) of this section and any other relevant data with
respect to its operations, products, and services.

Sec.  5.73  Safety performance assessment.

    (a) The certificate holder must conduct assessments of its safety
performance against its safety objectives, which include reviews by the
accountable executive, to:
    (1) Ensure compliance with the safety risk controls established by
the certificate holder.
    (2) Evaluate the performance of the SMS.
    (3) Evaluate the effectiveness of the safety risk controls
established under Sec.  5.55(c) and identify any ineffective controls.
    (4) Identify changes in the operational environment that may
introduce new hazards.
    (5) Identify new hazards.
    (b) Upon completion of the assessment, if ineffective controls or
new hazards are identified under paragraphs (a)(2) through (5) of this
section, the certificate holder must use the safety risk management
process described in subpart C of this part.

Sec.  5.75  Continuous improvement.

    The certificate holder must establish and implement processes to
correct safety performance deficiencies identified in the assessments
conducted under Sec.  5.73.

Subpart E--Safety Promotion

Sec.  5.91  Competencies and training.

    The certificate holder must provide training to each individual
identified in Sec.  5.23 to ensure the individuals attain and maintain
the competencies necessary to perform their duties relevant to the
operation and performance of the SMS.

Sec.  5.93  Safety communication.

    The certificate holder must develop and maintain means for
communicating safety information that, at a minimum:
    (a) Ensures that employees are aware of the SMS policies,
processes, and tools that are relevant to their responsibilities.
    (b) Conveys hazard information relevant to the employee's
responsibilities.
    (c) Explains why safety actions have been taken.
    (d) Explains why safety procedures are introduced or changed.

Subpart F--SMS Documentation and Recordkeeping

Sec.  5.95  SMS documentation.

    The certificate holder must develop and maintain SMS documentation
that describes the certificate holder's:
    (a) Safety policy.
    (b) SMS processes and procedures.

Sec.  5.97  SMS records.

    (a) The certificate holder must maintain records of outputs of
safety risk management processes as described in subpart C of this
part. Such records must be retained for as long as the control remains
relevant to the operation.
    (b) The certificate holder must maintain records of outputs of
safety assurance processes as described in subpart D of this part. Such
records must be retained for a minimum of 5 years.
    (c) The certificate holder must maintain a record of all training
provided under Sec.  5.91 for each individual. Such records must be
retained for as long as the individual is employed by the certificate
holder.
    (d) The certificate holder must retain records of all
communications provided under Sec.  5.93 for a minimum of 24
consecutive calendar months.

PART 119--CERTIFICATION: AIR CARRIERS AND COMMERCIAL OPERATORS

0
3. The authority citation for part 119 is revised to read as follows:

    Authority: Pub. L. 111-216, sec. 215 (August 1, 2010); 49 U.S.C.
106(f), 106(g), 1153, 40101, 40102, 40103, 40113, 44105, 44106,
44111, 44701-44717, 44722, 44901, 44903, 44904, 44906, 44912, 44914,
44936, 44938, 46103, 46105.

0
4. Add Sec.  119.8 to read as follows:

Sec.  119.8  Safety Management Systems.

    (a) Certificate holders authorized to conduct operations under part
121 of this chapter must have a safety management system that meets the
requirements of part 5 of this chapter and is acceptable to the
Administrator by March 9, 2018.
    (b) A person applying to the Administrator for an air carrier
certificate or operating certificate to conduct operations under part
121 of this chapter after March 9, 2015, must demonstrate, as part of
the application process under Sec.  119.35, that it has an SMS that
meets the standards set forth in part 5 of this chapter and is
acceptable to the Administrator.

    Issued in Washington, DC, under the authority provided by 49
U.S.C. 106(f), 44701(a)(5) and Sec. 215 of Pub. L. 111-216, 124
Stat. 2350 (49 U.S.C. 44701 note) on January 5, 2015.
Michael P. Huerta,
Administrator.
[FR Doc. 2015-00143 Filed 1-7-15; 8:45 am]
BILLING CODE 4910-13-P


[Federal Register Volume 83, Number 248 (Friday, December 28, 2018)]
[Notices]
[Pages 67443-67445]
[FR Doc No: 2018-28199]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-84902; File No. SR-BOX-2018-39]

Self-Regulatory Organizations; BOX Exchange LLC; Notice of Filing
and Immediate Effectiveness of a Proposed Rule Change To Amend Rule
7050

December 20, 2018.
    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 December 19, 2018, BOX 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 Rule 7050. 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 website at http://boxoptions.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 purpose of the proposed rule change is to delete Rule 7050
(Minimum Trading Increments) in its entirety and replace it with an
identical rule in place at another option exchange in the industry.
Currently, Rule 7050(a) details the minimum trading increments in place
on the Exchange. In this rule, such minimum increments established by
the Board will be designated as a stated policy, practice, or
interpretation with respect to the administration of this Rule 7050
within the meaning of subparagraph (3)(A) of Section 19(b) of the
Exchange Act and will be filed with the SEC as a rule change for
effectiveness upon filing. Further, the rule goes on to state that
until such time as the Board makes a change in the increments, the
following principles shall apply: (1) If the options contract is
trading at less than $3.00 per option, five (5) cents; (2) if the
options contract is trading at $3.00 per option of higher, ten (10)
cents. The Exchange now proposes to delete 7050(a) in its entirety and
add proposed Rule 7050(a)(1) and (2) which states that unless specified
in another Exchange rule, the following minimum quoting increments
shall apply to options traded on the Exchange: (1) Five cents ($0.05)
for all

option contracts trading at less than $3 other than those defined in
(3) below; (2) ten cents ($0.10) for all option contracts trading at $3
and above other than those defined in (3) below.\3\
---------------------------------------------------------------------------

    \3\ The Exchange notes that the current trading increment
principles remain unchanged. The Exchange also notes that the
proposed language is identical to rules at other options exchanges
in the industry.
---------------------------------------------------------------------------

    The Exchange also notes that current Rule 7050(a)(3) states that if
the options contract is traded pursuant to the procedures of the
Improvement Period in Rule 7150 then one (1) cent. The Exchange
proposes to include this in the deletion of current Rule 7050(a) as the
minimum trading increments for option contracts traded in the
Improvement Period are already addressed in the BOX Rulebook.\4\
---------------------------------------------------------------------------

    \4\ See BOX Rule 7150(f)(2).
---------------------------------------------------------------------------

    Further, current Rule 7050(b) through (e) details exceptions to the
minimum trading increments discussed in current Rule 7050(a).
Specifically, current Rule 7050(b) states that notwithstanding
paragraph (a) of this Rule 7050, the Exchange will operate a pilot
program to permit options classes to be quoted and traded in increments
as low as one (1) cent. The Exchange now proposes to delete current
Rule 7050(b) and replace it with proposed Rule 7050(a)(3)which states
that for options contract traded pursuant to the penny pilot as
described in Rule 7260: (A) One cent ($0.01) for all options contracts
in QQQ (PowerShares QQQQ Trust), SPY (SPDR S&P 500 ETF Trust) and IWM
(iShares Russell 2000 Index Fund); (B) one cent ($0.01) for all other
options contracts included in a penny pilot that are trading at less
than $3; (C) five cents ($0.05) for all other option contracts included
in a penny pilot that are trading at or above $3.\5\
---------------------------------------------------------------------------

    \5\ The Exchange notes that the current minimum increments for
the pilot program remain unchanged.
---------------------------------------------------------------------------

    Further, current Rules 7050(c) through (e) detail other exceptions
to the minimum trading increments in current Rule 7050(a).
Specifically, 7050(c) states that notwithstanding any other provision
in this Rule 7050, the minimum trading increment for Mini Options shall
be determined in accordance with IM-5050-10(d) to BOX Rule 5050. The
Exchange proposes to delete this provision in its entirety as the
minimum trading increments for Mini Options already exist in another
provision in the BOX Rulebook. Similarly, the Exchange proposes to
delete Rules 7050(d) and (e) for the same reason. The minimum trading
increments for Jumbo SPY options (Rule 7050(d)) and Complex Orders
(Rule 7050(e)) already exist in other provisions in the BOX
Rulebook.\6\
---------------------------------------------------------------------------

    \6\ The minimum trading increments for Jumbo SPY Options are
located in Rule 5050(e)(4). The minimum trading increments for
Complex Orders are addressed in Rule 7240(b)(1).
---------------------------------------------------------------------------

    The Exchange also proposes Rule 7050(b) which states that the
minimum trading increment for option contracts traded on the Exchange
will be one cent ($0.01) for all series. The Exchange notes that the
proposed rule discussed herein is identical to rules at other options
exchanges in the industry.\7\
---------------------------------------------------------------------------

    \7\ See NYSE American, LLC (``NYSE American'') Rule 960NY, NYSE
Arca, LLC (``NYSE Arca'') Rule 6.72-O.
---------------------------------------------------------------------------

2. Statutory Basis
    The Exchange believes that the proposal is consistent with the
requirements of Section 6(b) of the Act,\8\ in general, and Section
6(b)(5) of the Act,\9\ in particular, in that the proposed change is
designed to promote just and equitable principles of trade, remove
impediments to and perfect the mechanism of a free and open market and
a national market system, and, in general protect investors and the
public interest, by conforming the Exchange's minimum trading increment
rule with rules at other options exchanges in the industry.\10\ The
Exchange believes that the proposed change will provide clarity with
respect to the minimum trading increment rule which removes impediments
to and better provides for a free and open market. Additionally, the
Exchange believes that deleting 7050(c) through (e) will reduce
investor confusion with respect to certain minimum trading increments
on the Exchange as the trading increments for the orders discussed in
7050(c) through (e) are already included in other rules in the BOX
Rulebook. As such, BOX believes the proposed rule change is in the
public interest, and therefore, consistent with the Act.
---------------------------------------------------------------------------

    \8\ 15 U.S.C. 78f(b).
    \9\ 15 U.S.C. 78f(b)(5).
    \10\ See supra note 7.
---------------------------------------------------------------------------

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. The proposal merely conforms
the Exchange's minimum trading increment rule to similar rules at other
options exchanges in the industry. The proposed rule change would
provide clarity and reduce any potential confusion with respect to
minimum trading increments on the Exchange. As such, 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.

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 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 \11\ and
subparagraph (f)(6) of Rule 19b-4 thereunder.\12\
---------------------------------------------------------------------------

    \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)(iii)
requires a self-regulatory organization to give the Commission
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 satisfied this requirement.
---------------------------------------------------------------------------

    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, Rule 19b-4(f)(6)(iii) \14\ permits the Commission to
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 Exchange notes that
the proposed rule change simply seeks to conform the Exchange's minimum
trading increments rule to similar rules at other options exchanges and
raises no new or novel issues. The Commission believes that waiver of
the 30-day operative delay is consistent with the protection of
investors and the public interest. Accordingly, the Commission hereby
waives the operative delay and designates the proposed rule change as
operative upon filing.\15\
---------------------------------------------------------------------------

    \13\ 17 CFR 240.19b-4(f)(6).
    \14\ 17 CFR 240.19b-4(f)(6)(iii).
    \15\ 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: (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_ADDRESS>Please include
File Number SR-BOX-2018-39 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-2018-39. 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-BOX-2018-39 and should be submitted on
or before January 18, 2019.

    For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\16\
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    \16\ 17 CFR 200.30-3(a)(12).
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Brent J. Fields,
Secretary.
[FR Doc. 2018-28199 Filed 12-27-18; 8:45 am]
 BILLING CODE 8011-01-P


[Federal Register: June 11, 2010 (Volume 75, Number 112)]
[Notices]
[Page 33368]
[DOCID:fr11jn10-122]

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SECURITIES AND EXCHANGE COMMISSION

Proposed Collection; Comment Request

Upon written request,copies available from: Securities and Exchange
Commission, Office of Investor Education and Advocacy, Washington, DC
20549-0213.

Extension:
    Form 15, OMB Control No. 3235-0167, SEC File No. 270-170.

    Notice is hereby given that, pursuant to the Paperwork Reduction
Act of 1995 (44 U.S.C. 3501 et seq.), the Securities and Exchange
Commission (``Commission'') is soliciting comments on the collection of
information summarized below. The Commission plans to submit this
existing collection of information to the Office of Management and
Budget for extension and approval.
    Form 15 (17 CFR 249.323) is a certification of termination of a
class of security under section 12(g) or notice of suspension of duty
to file reports pursuant to sections 13 and 15(d) of the Securities
Exchange Act of 1934 (15 U.S.C. 78a et seq.). We estimate that
approximately 3,000 issuers file Form 15 annually and it takes
approximately 1.5 hours per response to prepare for a total of 4,500
annual burden hours.
    Written comments are invited on: (a) Whether this proposed
collection of information is necessary for the proper performance of
the functions of the agency, including whether the information will
have practical utility; (b) the accuracy of the agency's estimate of
the burden imposed by the collection of information; (c) ways to
enhance the quality, utility, and clarity of the information collected;
and (d) ways to minimize the burden of the collection of information on
respondents, including through the use of automated collection
techniques or other forms of information technology. Consideration will
be given to comments and suggestions submitted in writing within 60
days of this publication.
    Please direct your written comments to Charles Boucher, Director/
CIO, Securities and Exchange Commission, C/O Shirley Martinson, 6432
General Green Way, Alexandria, VA 22312; or send an e-mail to: PRA_
<EMAIL_ADDRESS>
    Dated: June 7, 2010.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010-14057 Filed 6-10-10; 8:45 am]
BILLING CODE 8010-01-P


[Federal Register Volume 85, Number 120 (Monday, June 22, 2020)]
[Notices]
[Page 37469]
[FR Doc No: 2020-13282]

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DEPARTMENT OF HOMELAND SECURITY

Federal Emergency Management Agency

[Docket ID FEMA-2020-0002]

Final Flood Hazard Determinations

AGENCY: Federal Emergency Management Agency, Department of Homeland
Security (DHS).

ACTION: Notice; withdrawal.

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SUMMARY: The Federal Emergency Management Agency (FEMA) is withdrawing
its final notice concerning the flood hazard determinations for
Plymouth County, Massachusetts (All Jurisdictions).

DATES: The final notice concerning the flood hazard determinations for
Plymouth County, Massachusetts (All Jurisdictions) published on March
27, 2020 (85 FR 17345), is withdrawn as of June 22, 2020.

FOR FURTHER INFORMATION CONTACT: Rick Sacbibit, Chief, Engineering
Services Branch, Federal Insurance and Mitigation Administration, FEMA,
400 C Street SW, Washington, DC 20472,<PHONE_NUMBER>, or (email)
<EMAIL_ADDRESS>
SUPPLEMENTARY INFORMATION: On March 27, 2020, FEMA published a notice
at 85 FR 17347, containing final flood hazard determinations for
Plymouth County, Massachusetts (All Jurisdictions). Communities within
the Cape Cod Watershed study experienced difficulties during the
adoption and compliance period resulting in the inability to adopt the
FIS and FIRM and thereby comply with the National Flood Insurance
Program (NFIP) regulations. The final flood hazard determinations is
hereby rescinded, and ordinances must revert to the previously adopted
FIS Report and FIRM. FEMA is withdrawing the notice for the affected
communities.

    Authority: 42 U.S.C. 4104; 44 CFR 67.4.

Michael M. Grimm,
Assistant Administrator for Risk Management, Department of Homeland
Security, Federal Emergency Management Agency.
[FR Doc. 2020-13282 Filed 6-19-20; 8:45 am]
BILLING CODE 9110-12-P