Federal Register / Vol. 77, No. 30 / Tuesday, February 14, 2012 / Notices 8321 

7 15 U.S.C. 78q–1(b)(3)(F). 

8 17 CFR 200.30–3(a)(12). 

1 15 U.S.C. 78s(b)(1). 

2 17 CFR 240.19b–4. 3 17 CFR 240.19b–4(f)(6). 

4 15 U.S.C. 78f(b). 

5 15 U.S.C. 78f(b)(5). 

6See Securities Exchange Act Release No. 60253 

(July 7, 2009) 74 FR 34063 (July 14, 2009) (SR–ISE– 

2009–34) (Notice of Filing and Immediate 

Effectiveness of Proposed Rule Change Regarding 

Customer Cross Orders). 

settlement of derivative agreements, 

contracts, and transactions because it 

should allow CME to enhance its 

services in clearing foreign currency 

contracts, thereby promoting the prompt 

and accurate clearance and settlement of 

derivative agreements, contracts, and 

transactions.7

The Commission finds good cause for 

accelerating approval because: (i) The 

proposed rule change does not 

significantly affect any securities 

clearing operations of the clearing 

agency (whether in existence or 

contemplated by its rules) or any related 

rights or obligations of the clearing 

agency or persons using such service; 

(ii) CME has indicated that not 

providing accelerated approval would 

have a significant impact on the foreign 

currency contracts clearing business of 

CME as a designated clearing 

organization; and (iii) the activity 

relating to the non-security clearing 

operations of the clearing agency for 

which the clearing agency is seeking 

approval is subject to regulation by 

another regulator. 

V. Conclusion 

It is therefore ordered, pursuant to 

Section 19(b)(2) of the Act, that the 

proposed rule change (SR–CME–2012– 

03) is approved on an accelerated basis. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.8

Kevin M. O’Neill, 

Deputy Secretary. 

[FR Doc. 2012–3329 Filed 2–13–12; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–66356; File No. SR–BX– 

2012–007] 

Self-Regulatory Organizations; 

NASDAQ OMX BX; Notice of Filing and 

Immediate Effectiveness of a Proposal 

To Permit Customer Cross Orders on 

BOX 

February 8, 2012. 

Pursuant to Section 19(b)(1) of the 

Securities Exchange Act of 1934 

(‘‘Act’’) 1, and Rule 19b–4 2 thereunder, 

notice is hereby given that on January 

26, 2012, NASDAQ OMX BX (the 

‘‘Exchange’’) filed with the Securities 

and Exchange Commission (the 

‘‘Commission’’) the proposed rule 

change as described in Items I, II, and 

III below, which Items have been 

substantially prepared by the Exchange. 

The Exchange has designated the 

proposed rule change as constituting a 

non-controversial rule change under 

Rule 19b–4(f)(6) under the Act,3 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. 

I. Self-Regulatory Organization’s 

Statement of the Terms of the Substance 

of the Proposed Rule Change 

The Exchange proposes to amend 

Chapter V, Section 14(c) (Doing 

Business on BOX-Order Entry) and 

Supplementary Material .01 to Chapter 

V, Section 17 (Customer Orders), of the 

Rules of the Boston Options Exchange 

Group, LLC (‘‘BOX’’) to permit 

Customer Cross Orders. 

The text of the proposed rule change 

is available on the Exchange’s Web site 

at http:// 

nasdaqomxbx.cchwallstreet.com, at the 

principal office of the Exchange, and at 

the Commission’s Public Reference 

Room. 

II. Self-Regulatory Organization’s 

Statement of the Purpose of, and the 

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 the 

Statutory Basis for, the Proposed Rule 

Change 

1. Purpose 

Chapter V, Section 14(c) of the BOX 

Rules designates the order types that 

may be submitted to the Trading Host. 

The purpose of this proposal is to 

amend the definition of Order Entry to 

include Customer Cross Orders. In 

particular, the Exchange proposes to 

add the definition of a Customer Cross 

Order as new Section 14(c)(vii), 

specifying that a Customer Cross Order 

is comprised of a non-Professional, 

Public Customer Order to buy and a 

non-Professional, Public Customer 

Order to sell at the same price and for 

the same quantity. The Exchange also 

proposes to specify that Customer Cross 

Orders be automatically executed upon 

entry provided that the execution is 

between the best bid and offer on BOX 

(‘‘BBO’’) and will not trade-through the 

national best bid or offer (‘‘NBBO’’). 

The proposed rule also specifies that 

Customer Cross Orders entered at a 

price that is outside the BBO or the 

NBBO will be automatically canceled, 

and that Customer Cross Orders may 

only be entered in the regular trading 

increments applicable to the options 

class under Chapter V, Section 6 of the 

BOX Rules. 

Finally, the proposal specifies that 

Supplementary Material .01 to Chapter 

V, Section 17 of the BOX Rules, which 

prohibits an Options Participant from 

being a party to any arrangement 

designed to circumvent the 

requirements applicable to executing 

agency orders as principal, applies to 

the entry and execution of Customer 

Cross Orders. In this respect, the 

Exchange proposes to amend 

Supplementary Material .01 to Chapter 

V, Section 17 to specifically reference 

affiliates of Options Participants, which 

is consistent with how BOX has 

interpreted the provision. 

2. Statutory Basis 

The Exchange believes that the 

proposed rule change is consistent with 

the requirements of Section 6(b) of the 

Act,4 in general, and Section 6(b)(5) of 

the Act,5 in particular. Specifically, the 

Exchange believes that the proposed 

rule change is designed to prevent 

fraudulent and manipulative acts and 

practices, to promote just and equitable 

principles of trade, to facilitate 

transactions in securities, to remove 

impediments to and perfect the 

mechanism for a free and open market 

and a national market system and, in 

general, to protect investors and the 

public interest. In particular, the 

Exchange believes that the proposed 

rule change provides for the efficient 

entry and execution of Customer Cross 

Orders while also protecting orders at 

the best prices on the BOX Book. 

The Exchange notes that a similar 

filing proposed by the International 

Securities Exchange, LLC (‘‘ISE’’) 

became effective July 7, 2009.6 The 

Exchange would like to similarly offer 

BOX Options Participants the 

opportunities associated with Customer 

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8322 Federal Register / Vol. 77, No. 30 / Tuesday, February 14, 2012 / Notices 

7 15 U.S.C. 78s(b)(3)(A). 

8 17 CFR 240.19b–4(f)(6). 

9As required under Rule 19b–4(f)(6)(iii), the 

Exchange provided the Commission with written 

notice of its intent to file the proposed rule change 

along with a brief description and the text of the 

proposed rule change, at least five business days 

prior to the date of filing of the proposed rule 

change, or such shorter time as designated by the 

Commission. 

10See Securities Exchange Act Release No. 60253 

(July 7, 2009) 74 FR 34063 (July 14, 2009) (SR–ISE– 

2009–34) (Notice of Filing and Immediate 

Effectiveness of Proposed Rule Change Regarding 

Customer Cross Orders). 11 17 CFR 200.30–3(a)(12). 

Cross Orders. BOX believes that this 

proposed rule change, which is essential 

for competitive purposes and to 

promote a free and open market for the 

benefit of investors, does not raise any 

new, unique or substantive issues from 

those raised in the effective ISE filing. 

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. 

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 

This proposed rule change is filed 

pursuant to paragraph (A) of section 

19(b)(3) of the Exchange Act 7 and Rule 

19b–4(f)(6) thereunder.8 This proposed 

rule change does not significantly affect 

the protection of investors or the public 

interest, does not impose any significant 

burden on competition, and, by its 

terms, does not become operative for 30 

days after the date of the filing, or such 

shorter time as the Commission may 

designate if consistent with the 

protection of investors and the public 

interest.9

A similar filing proposed by the 

International Securities Exchange, LLC 

(‘‘ISE’’) became effective July 7, 2009.10

The Exchange would like to similarly 

offer BOX Options Participants the 

opportunities associated with Customer 

Cross Orders. BOX believes that this 

proposed rule change, which is essential 

for competitive purposes and to 

promote a free and open market for the 

benefit of investors, does not raise any 

new, unique or substantive issues from 

those raised in the effective ISE filing. 

At any time within 60 days of the 

filing of the proposed rule change, the 

Commission summarily may 

temporarily suspend such rule change if 

it appears to the Commission that such 

action is necessary or appropriate in the 

public interest, for the protection of 

investors, or otherwise in furtherance of 

the purposes of the Act. 

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 rulecomments@sec.gov. Please include File 

Number SR–BX–2012–007 on the 

subject line. 

Paper Comments 

• Send paper comments in triplicate 

to Elizabeth M. Murphy, Secretary, 

Securities and Exchange Commission, 

100 F Street NE., Washington, DC 

20549–1090. 

All submissions should refer to File 

Number SR–BX–2012–007. 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 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 offices 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–BX– 

2012–007, and should be submitted on 

or before March 6, 2012. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.11

Kevin M. O’Neill, 

Deputy Secretary. 

[FR Doc. 2012–3330 Filed 2–13–12; 8:45 am] 

BILLING CODE 8011–01–P 

SOCIAL SECURITY ADMINISTRATION 

Agency Information Collection 

Activities: Proposed Request and 

Comment Request 

The Social Security Administration 

(SSA) publishes a list of information 

collection packages requiring clearance 

by the Office of Management and 

Budget (OMB) in compliance with 

Public Law 104–13, the Paperwork 

Reduction Act (PRA) of 1995, effective 

October 1, 1995. This notice includes an 

extention and a revision of OMBapproved information collections. 

SSA is soliciting comments on the 

accuracy of the agency’s burden 

estimate; the need for the information; 

its practical utility; ways to enhance its 

quality, utility, and clarity; and ways to 

minimize burden on respondents, 

including the use of automated 

collection techniques or other forms of 

information technology. Mail, email, or 

fax your comments and 

recommendations on the information 

collection(s) to the OMB Desk Officer 

and SSA Reports Clearance Officer at 

the following addresses or fax numbers. 

(OMB), Office of Management and 

Budget, Attn: Desk Officer for SSA, 

Fax: 202–395–6974, Email address: 

OIRA_Submission@omb.eop.gov. 

(SSA), Social Security Administration, 

DCRDP, Attn: Reports Clearance 

Officer, 107 Altmeyer Building, 6401 

Security Blvd., Baltimore, MD 21235, 

Fax: 410–966–2830, Email address: 

OPLM.RCO@ssa.gov. 

I. The information collection below is 

pending at SSA. SSA will submit it to 

OMB within 60 days from the date of 

this notice. To be sure we consider your 

comments, we must receive them no 

later than April 16, 2012. Individuals 

can obtain copies of the collection 

instruments by calling the SSA Reports 

Clearance Officer at 410–965–8783 or by 

writing to the above email address. 

Youth Transition Process 

Demonstration Evaluation Data 

Collection—0960–0687 

Background 

The purpose of the Youth Transition 

Demonstration (YTD) project is to help 

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