2772 Federal Register / Vol. 77, No. 12 / Thursday, January 19, 2012 / Notices 

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

2 17 CFR 240.19b–4. 

3See Securities Exchange Act Release No. 34– 

65256 (September 2, 2011), 76 FR 55969 (September 

9, 2011) (SR–C2–2011–008). 

4See Securities Exchange Act Release No. 34– 

65471 (October 3, 2011), 76 FR 62491 (October 7, 

2011) (SR–C2–2011–026). 

5See Securities Exchange Act Release No. 34– 

65874 (December 2, 2011), 76 FR 76785 (December 

8, 2011) (SR–C2–2011–037). 

6 15 U.S.C. 78f(b). 

7 15 U.S.C. 78f(b)(4). 

8The Commission notes that C2 has proposed to 

extend the waiver for an additional two months, not 

one month as the Exchange stated. 

9 15 U.S.C. 78s(b)(3)(A). 

10 17 CFR 240.19b–4(f)(2). 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–66140; File No. SR–C2– 

2012–002] 

Self-Regulatory Organizations; C2 

Options Exchange, Incorporated; 

Notice of Filing and Immediate 

Effectiveness of a Proposed Rule 

Change To Amend the Fees Schedule 

January 11, 2012. 

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 January 6, 

2012, the C2 Options Exchange, 

Incorporated (the ‘‘Exchange’’ or ‘‘C2’’) 

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 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 Substance of 

the Proposed Rule Change 

The Exchange proposes to amend the 

Fees Schedule. The text of the proposed 

rule change is available on the 

Exchange’s Web site (http:// 

www.cboe.org/legal), at the Exchange’s 

Office of the Secretary, and at the 

Commission. 

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 those 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 parts of such 

statements. 

A. Self-Regulatory Organization’s 

Statement of the Purpose of, and the 

Statutory Basis for, the Proposed Rule 

Change 

1. Purpose 

On September 2, 2011, the 

Commission approved a proposed rule 

change filed by the Exchange to permit 

on a pilot basis the listing and trading 

on C2 of Standard & Poor’s 500 Index 

(‘‘S&P 500’’) options with third-Fridayof-the-month (‘‘Expiration Friday’’) 

expiration dates for which the exercise 

settlement value will be based on the 

index value derived from the closing 

prices of component securities 

(‘‘SPXPM’’).3 On September 28, 2011, 

the Exchange filed an immediatelyeffective rule change to adopt fees 

associated with the anticipated trading 

of SPXPM (the ‘‘Initial SPXPM Fees 

Filing’’).4 In the Initial SPXPM Fees 

Filing, the Exchange adopted an SPXPM 

Tier Appointment Fee of $4,000 which 

would be charged to any Market-Maker 

Permit holder that has an appointment 

(registration) in SPXPM at any time 

during a calendar month, but the 

Exchange also waived that fee through 

November 30, 2011. On November 23, 

the Exchange extended that waiver 

through December 31, 2011.5 The 

Exchange had intended to extend that 

waiver through February 29, 2012, but 

unintentionally did not do so. The 

Exchange hereby proposes continuing 

that waiver through February 2012. The 

SPXPM Tier Appointment Fee for 

January 2012, which would have been 

billed at the end of the month, will not 

be billed. The purpose of this waiver 

extension is to allow more time for the 

SPXPM market to develop and allow 

and encourage Market-Makers to join in 

and elect for an SPXPM Tier 

Appointment. 

2. Statutory Basis 

The proposed rule change is 

consistent with Section 6(b) of the Act,6

in general, and furthers the objectives of 

Section 6(b)(4) 7 of the Act in particular, 

in that it is designed to provide for the 

equitable allocation of reasonable dues, 

fees, and other charges among C2 

Trading Permit Holders and other 

persons using Exchange facilities. 

Continuing the waiver of the SPXPM 

Tier Appointment Fee is reasonable 

because it will allow Market-Makers 

with an SPXPM Tier Appointment to 

avoid paying the Tier Appointment Fee 

for another month [sic],8 and is 

equitable and not unfairly 

discriminatory because all MarketMakers with an SPXPM Tier 

Appointment will be able to avoid 

paying the SPXPM Tier Appointment 

Fee through February 29, 2012. 

B. Self-Regulatory Organization’s 

Statement on Burden on Competition 

C2 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 solicited 

or received with respect to the proposed 

rule change. 

III. Date of Effectiveness of the 

Proposed Rule Change and Timing for 

Commission Action 

The proposed rule change is 

designated by the Exchange as 

establishing or changing a due, fee, or 

other charge, thereby qualifying for 

effectiveness on filing pursuant to 

Section 19(b)(3)(A) of the Act 9 and 

subparagraph (f)(2) of Rule 19b–4 10

thereunder. 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–C2–2012–002 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–C2–2012–002. This file 

number should be included on the 

mstockstill on DSK4VPTVN1PROD with NOTICES

Federal Register / Vol. 77, No. 12 / Thursday, January 19, 2012 / Notices 2773 

11 17 CFR 200.30–3(a)(12). 

1The DOT OAs are: Office of the Secretary of 

Transportation (OST), Federal Aviation 

Administration (FAA), Federal Highway 

Administration (FHWA), Federal Motor Carrier 

Safety Administration (FMCSA), Federal Railroad 

Administration (FRA), Federal Transit 

Administration (FTA), Maritime Administration 

(MARAD), National Highway Traffic Safety 

Administration (NHTSA), Office of Inspector 

General (OIG), Pipeline and Hazardous Materials 

Safety Administration (PHMSA), Research and 

Innovative Technology Administration (RITA), 

Saint Lawrence Seaway Development Corporation 

(SLSDC) and Surface Transportation Board (STB). 

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 

a.m. and 3 p.m. Copies of such filing 

also will be available for inspection and 

copying at the principal office of the C2. 

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–C2–2012–002 and should 

be submitted on or before February 9, 

2012. 

For the Commission, by the Division of 

Market Regulation, pursuant to delegated 

authority.11

Kevin M. O’Neill, 

Deputy Secretary. 

[FR Doc. 2012–897 Filed 1–18–12; 8:45 am] 

BILLING CODE 8011–01–P 

DEPARTMENT OF TRANSPORTATION 

Office of the Secretary of 

Transportation 

[Docket No. DOT–OST–2011–0129] 

Proposed Information Collection 

Request; Notice of New Requirements 

and Procedures for Grant Payment 

Request Submission 

AGENCY: Department of Transportation 

(DOT). 

ACTION: Notice with request for 

comments. 

SUMMARY: The Department of 

Transportation (DOT), Office of the 

Secretary (OST) will be submitting the 

following information collection request 

to the Office of Management and Budget 

(OMB) for review and clearance in 

accordance with the Paperwork 

Reduction Act of 1995. The information 

collection was previously published in 

the Federal Register on November 10, 

2011, allowing for a 60-day public 

comment period. 

DATES: Comments must be submitted on 

or before February 21, 2012. 

ADDRESSES: Direct comments to the 

Department of Transportation Desk 

Officer in the Office of Information and 

Regulatory Affairs at the Office of 

Management and Budget (OMB). You 

may submit comments by the following 

methods: 

• Email: 

oira_submission@omb.eop.gov. You 

must include the information collection 

title and OMB control number in the 

subject line of your message. 

• Fax: (202) 395–5806. Attn: Desk 

Officer for Department of 

Transportation\OST. 

FOR FURTHER INFORMATION CONTACT: You 

may obtain copies of the proposed 

information collection and supporting 

documents from U.S. Department of 

Transportation, Office of Financial 

Management, B–30, room W93–431, 

1200 New Jersey Avenue SE., 

Washington, DC 20590–0001, (202) 366– 

1306, DOTElectronicInvoicing@dot.gov. 

SUPPLEMENTARY INFORMATION: 

Title: Notice of Requirements and 

Procedures for Grant Payment Request 

Submission. 

Type of Request: New information 

collection. 

Background: This notice sets forth 

requirements and procedures for 

grantees that receive payments from 

DOT OAs,1 with the exception of DOT 

grant recipients requesting payment 

electronically through the National 

Highway Traffic Safety Administration’s 

Grant Tracking System (GTS), the 

Federal Highway Administration’s 

Rapid Approval State Payment System 

(RASPS), or Federal Transit 

Administration (FTA) grant recipients 

requesting payment through the 

Electronic Clearing House Operation 

System (ECHO–Web). 

The Proposed Procedures Provide That 

• Grantees will now be required to 

have electronic Internet access to 

register in the Delphi eInvoicing system. 

• Grantees will be required to submit 

payment requests electronically and 

DOT OAs must process payment 

requests electronically. 

• The identities of system users must 

be verified prior to receiving access to 

the Delphi eInvoicing system. Users 

must complete a user request form and 

provide the following information: Full 

name, work address, work phone 

number, work email address, home 

address and home phone number. Once 

completed, this form must be presented 

to a Notary Public for verification. Once 

notarized, the prospective grantee user 

will return the form to receive their 

login credentials. 

• DOT Office of Financial 

Management officials may allow 

exceptions to the requirement that 

grantees register and submit payment 

requests through the Delphi eInvoicing 

system under limited circumstances. 

Recipients may apply for an exemption 

by submitting an electronic Waiver 

Request Form to the DOT Office of 

Financial Management. The exceptions 

will be considered on a case by case 

basis via Waiver Request Form. 

Affected Public: DOT Grant 

Recipients. 

Estimated Number of Respondents: 

11,000. 

Estimated Number of Responses: 

11,000. 

Annual Estimated Total Annual 

Burden Hours: 22,000 (est. 2 hours to 

complete process × 11,000 recipients). 

Frequency of Collection: One time. 

Comments: Comments are invited on: 

Whether the proposed collection of 

information is necessary for the proper 

performance of the functions of the 

Department, including whether the 

information will have practical utility; 

the accuracy of the Department’s 

estimate of the burden of the proposed 

information collection; ways to enhance 

the quality, utility and clarity of the 

information to be collected; and ways to 

minimize the burden of the collection of 

information on respondents. 

Issued in Washington, DC, on January 12, 

2012. 

Patricia Lawton, 

Paperwork Reduction Act Clearance Officer, 

Department of Transportation. 

[FR Doc. 2012–944 Filed 1–18–12; 8:45 am] 

BILLING CODE 4910–9X–P 

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