Federal Register / Vol. 80, No. 69 / Friday, April 10, 2015 / Notices 19389 

11 15 U.S.C. 78s(b)(3)(A). 

12 17 CFR 240.19b–4(f)(6). 13 17 CFR 200.30–3(a)(12). 

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

2 15 U.S.C. 78a. 

3 17 CFR 240.19b–4. 

B. Self-Regulatory Organization’s 

Statement on Burden on Competition 

CBOE 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. More 

specifically, the Exchange does not 

believe that the proposed rule change 

will impose any burden on intramarket 

or intermarket competition because this 

filing simply seeks to delay the 

implementation deadline of SR–CBOE– 

2014–067. 

C. Self-Regulatory Organization’s 

Statement on Comments on the 

Proposed Rule Change Received From 

Members, Participants, or Others 

The Exchange 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: 

A. significantly affect the protection 

of investors or the public interest; 

B. impose any significant burden on 

competition; and 

C. 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) of the 

Act 11 and Rule 19b–4(f)(6) 12

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. If the 

Commission takes such action, the 

Commission will institute proceedings 

to determine whether the proposed rule 

change 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 rule-comments@

sec.gov. Please include File Number SR– 

CBOE–2015–034 on the subject line. 

Paper Comments 

• Send paper comments in triplicate 

to Brent J. Fields, Secretary, Securities 

and Exchange Commission, 100 F Street 

NE., Washington, DC 20549–1090. 

All submissions should refer to File 

Number SR–CBOE–2015–034. 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 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; 

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–CBOE– 

2015–034 and should be submitted on 

or before May 1, 2015. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.13

Brent J. Fields, 

Secretary. 

[FR Doc. 2015–08202 Filed 4–9–15; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–74650; File No. SR– 

NYSEMKT–2015–21] 

Self-Regulatory Organizations; NYSE 

MKT LLC; Notice of Filing and 

Immediate Effectiveness of Proposed 

Rule Change Amending Rule 1000— 

Equities To Reflect That Exchange 

Systems Will Reject Incoming Orders 

of Over 1,000,000 Shares That Are 

Marketable Upon Arrival 

April 6, 2015. 

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

Securities Exchange Act of 1934 (the 

‘‘Act’’) 2 and Rule 19b–4 thereunder,3

notice is hereby given that on March 23, 

2015, NYSE MKT LLC (the ‘‘Exchange’’ 

or ‘‘NYSE MKT’’) filed with the 

Securities and Exchange Commission 

(the ‘‘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 

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 

Rule 1000—Equities to reflect that 

Exchange systems will reject incoming 

orders of over 1,000,000 shares that are 

marketable upon arrival. The text of the 

proposed rule change is available on the 

Exchange’s Web site at www.nyse.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 

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. 

mstockstill on DSK4VPTVN1PROD with NOTICES

19390 Federal Register / Vol. 80, No. 69 / Friday, April 10, 2015 / Notices 

4See Rule 1000—Equities. 

5Rule 611 of Regulation NMS requires that 

trading centers have policies and procedures 

reasonably designed to prevent trade throughs on 

that trading center of protected quotations in NMS 

Stocks. 17 CFR 242.611(a). Importantly, to be a 

protected quotation, it must be an automated 

quotation that is the best bid or offer of an 

exchange. 17 CFR 242.603(b)(57)(iii). 

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

7 15 U.S.C. 78f(b)(5). 

8 15 U.S.C. 78s(b)(3)(A)(iii). 

9 17 CFR 240.19b–4(f)(6). 

10 17 CFR 240.19b–4(f)(6). In addition, Rule 19b– 

4(f)(6)(iii) requires the Exchange to give the 

Commission written notice of the Exchange’s intent 

to file the proposed rule change, along with a brief 

description and 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. 

11 17 CFR 240.19b–4(f)(6). 

12 17 CFR 240.19b–4(f)(6)(iii). 

13 15 U.S.C. 78s(b)(3)(C). 

A. Self-Regulatory Organization’s 

Statement of the Purpose of, and the 

Statutory Basis for, the Proposed Rule 

Change 

1. Purpose 

The Exchange proposes to amend 

Rule 1000—Equities (Automatic 

Execution of Limit Orders Against 

Orders Reflected in Exchange Published 

Quotation) (‘‘Rule 1000’’) to reflect that 

Exchange systems will reject incoming 

orders of over 1,000,000 shares that are 

marketable upon arrival against interest 

in Exchange systems. 

Currently, Exchange systems accept 

orders up to a maximum order size of 

25,000,000 shares.4 Rule 1000 provides 

that market and limit orders of up to 

1,000,000 shares are eligible to initiate 

or participate in automatic executions 

on the Exchange. However, because an 

order of over 1,000,000 shares in size is 

ineligible for automatic execution, if 

such an order is marketable on arrival, 

the Exchange suspends automatic 

executions in that security and it is 

auto-quoted with a ‘‘slow’’ quote 

condition. When a symbol is in a 

‘‘slow’’ quote condition, its quote is not 

protected under Regulation NMS.5

Orders for more than 1,000,000 shares 

that are not marketable upon arrival do 

not suspend automatic executions or 

cause a slow quote condition. Rather, 

non-marketable orders of over 1,000,000 

shares in size rest on the Exchange’s 

limit order book and are available as 

liquidity to interact with incoming 

contra-side interest. 

The Exchange proposes to amend 

Rule 1000 to provide that incoming 

orders of over 1,000,000 shares that are 

marketable upon arrival would be 

rejected. The Exchange believes it is 

appropriate to reject marketable orders 

ineligible for automatic execution in 

order to reduce the potential that the 

Exchange would suspend automatic 

executions and disseminate a ‘‘slow’’ 

quote that permits other market centers 

to trade through the Exchange’s 

quotations in that security. In addition, 

the Exchange notes that an order of such 

size that is marketable upon arrival may 

be an order entry error, and therefore 

rejecting the order puts the submitter of 

the order on notice of the large size of 

the order. 

Because of the technology changes 

associated with the proposed rule 

change, the Exchange proposes to 

announce the implementation date via 

Trader Update. 

2. Statutory Basis 

The Exchange believes that the 

proposed rule change is consistent with 

Section 6(b) of the Act,6 in general, and 

furthers the objectives of Section 6(b)(5) 

of the Act,7 in particular, because it is 

designed to prevent fraudulent and 

manipulative acts and practices, 

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 protect investors and the 

public interest. In particular, the 

Exchange believes that rejecting large 

orders ineligible for automatic execution 

rather than triggering a suspension of 

automatic executions in the relevant 

security would remove impediments to 

and perfect the mechanism of a free and 

open market and a national market 

system by reducing the potential that 

the Exchange would suspend automatic 

executions and disseminate a ‘‘slow’’ 

quote that permits other market centers 

to trade through the Exchange’s 

quotations in the relevant security. The 

Exchange also believes that rejecting 

large orders ineligible for automatic 

execution would assist with the 

maintenance of fair and orderly markets 

by helping to mitigate the risk that a 

large order that is marketable upon 

arrival may be an order entry error, and 

therefore rejecting the order puts the 

submitter of the order on notice of the 

large size of the order. For the same 

reasons, the proposal is also designed to 

protect investors as well as the public 

interest. 

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. The 

proposed rule change is not intended to 

address competitive issues but rather to 

prevent unnecessary suspension of 

automatic executions on the Exchange’s 

marketplace and reduce the likelihood 

that large, marketable orders may be an 

order entry error. 

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 Exchange has filed the proposed 

rule change pursuant to Section 

19(b)(3)(A)(iii) of the Act 8 and Rule 

19b–4(f)(6) thereunder.9 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.10

A proposed rule change filed under 

Rule 19b–4(f)(6) 11 normally does not 

become operative prior to 30 days after 

the date of the filing. However, pursuant 

to Rule 19b4(f)(6)(iii),12 the Commission 

may designate a shorter time if such 

action is consistent with the protection 

of investors and the public interest. 

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 .13

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: 

mstockstill on DSK4VPTVN1PROD with NOTICES

Federal Register / Vol. 80, No. 69 / Friday, April 10, 2015 / Notices 19391 

14 17 CFR 200.30–3(a)(59). 

Electronic Comments 

• Use the Commission’s Internet 

comment form (http://www.sec.gov/

rules/sro.shtml); or 

• Send an email to rule-comments@

sec.gov. Please include File Number SR– 

NYSEMKT–2015–21 on the subject line. 

Paper Comments 

• Send paper comments in triplicate 

to Brent J. Fields, Secretary, Securities 

and Exchange Commission, 100 F Street 

NE., Washington, DC 20549–1090. 

All submissions should refer to File 

Number SR–NYSEMKT–2015–21. 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 the 

filing will also be available for 

inspection and copying at the NYSE’s 

principal office and on its Internet Web 

site at www.nyse.com. 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– 

NYSEMKT–2015–21 and should be 

submitted on or before May 1, 2015. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.14

Brent J. Fields, 

Secretary. 

[FR Doc. 2015–08198 Filed 4–9–15; 8:45 am] 

BILLING CODE 8011–01–P 

SMALL BUSINESS ADMINISTRATION 

[Disaster Declaration #14261 and #14262] 

Tennessee Disaster #TN–00087 

AGENCY: U.S. Small Business 

Administration. 

ACTION: Notice. 

SUMMARY: This is a Notice of the 

Presidential declaration of a major 

disaster for Public Assistance Only for 

the State of Tennessee (FEMA–4211– 

DR), dated 04/02/2015. 

Incident: Severe winter storm and 

flooding. 

Incident Period: 02/15/2015 through 

02/22/2015. 

Effective Date: 04/02/2015. 

Physical Loan Application Deadline 

Date: 06/01/2015. 

Economic Injury (EIDL) Loan 

Application Deadline Date: 01/04/2016. 

ADDRESSES: Submit completed loan 

applications to U.S. Small Business 

Administration Processing and 

Disbursement Center, 14925 Kingsport 

Road, Fort Worth, TX 76155. 

FOR FURTHER INFORMATION CONTACT: A. 

Escobar, Office of Disaster Assistance, 

U.S. Small Business Administration, 

409 3rd Street SW., Suite 6050, 

Washington, DC 20416. 

SUPPLEMENTARY INFORMATION: Notice is 

hereby given that as a result of the 

President’s major disaster declaration on 

04/02/2015, Private Non-Profit 

organizations that provide essential 

services of governmental nature may file 

disaster loan applications at the address 

listed above or other locally announced 

locations. 

The following areas have been 

determined to be adversely affected by 

the disaster: 

Primary Counties: Anderson; Bedford; 

Bledsoe; Blount; Campbell; Clay; 

Coffee; Cumberland; Fentress; Giles; 

Grainger; Grundy; Hamblen; Hancock; 

Hardeman; Jefferson; Knox; Lawrence; 

Loudon; Marshall; Mcminn; Mcnairy; 

Meigs; Monroe; Moore; Morgan; 

Obion; Overton; Putnam; Roane; 

Scott; Sevier; Van Buren; Warren; 

White. 

The Interest Rates are: 

Percent 

For Physical Damage: 

Non-Profit Organizations With 

Credit Available Elsewhere ..... 2.625 

Non-Profit Organizations Without 

Credit Available Elsewhere ..... 2.625 

For Economic Injury: 

Percent 

Non-Profit Organizations Without 

Credit Available Elsewhere ..... 2.625 

The number assigned to this disaster for 

physical damage is 14261B and for economic 

injury is 14262B. 

(Catalog of Federal Domestic Assistance 

Numbers 59002 and 59008) 

James E. Rivera, 

Associate Administrator for Disaster 

Assistance. 

[FR Doc. 2015–08334 Filed 4–9–15; 8:45 am] 

BILLING CODE 8025–01–P 

SMALL BUSINESS ADMINISTRATION 

Announcement of Growth Accelerator 

Fund Competition 

AGENCY: U.S. Small Business 

Administration. 

ACTION: Notice. 

SUMMARY: The U.S. Small Business 

Administration (SBA) announces the 

2015 Growth Accelerator Fund 

Competition, pursuant to the America 

Competes Act, to identify the nation’s 

most innovative accelerators and similar 

organizations and award them cash 

prizes they may use to fund their 

operations costs and allow them to bring 

startup companies to scale and new 

ideas to life. 

DATES: The submission period for 

entries begins 12:00 p.m. EDT, April 10, 

2015 and ends June 1, 2015 at 11:59 

p.m. EDT. Winners will be announced 

no later than August 24, 2015. 

FOR FURTHER INFORMATION CONTACT: 

Nareg Sagherian, Office of Investment 

and Innovation, U.S. Small Business 

Administration, 409 Third Street SW., 

6th Floor, Washington, DC 20416, (202) 

205–7576, accelerators@sba.gov. 

SUPPLEMENTARY INFORMATION: 

Competition Details 

1. Subject of Competition: The SBA is 

seeking to identify the nation’s most 

innovative and promising small 

business accelerators and incubators in 

order to infuse them with additional 

resource capital that ultimately 

stimulates the growth and development 

of startups from within the 

entrepreneurial communities they serve. 

For the purposes of this competition, 

Growth Accelerators include 

accelerators, incubators, co-working 

startup communities, shared tinkerspaces or other models to accomplish 

similar goals. Regardless of the specific 

model employed, Growth Accelerators 

focus on helping entrepreneurs and 

their startups speed the launch, growth 

mstockstill on DSK4VPTVN1PROD with NOTICES