Federal Register / Vol. 80, No. 71 / Tuesday, April 14, 2015 / Notices 20041 

30 17 CFR 240.10A–3. 

31 15 U.S.C. 78f(b)(5). 

32 15 U.S.C. 78s(b)(2). 

33 17 CFR 200.30–3(a)(12). 

1 15 U.S.C. 78s(b)(7). 

2See OCX NTM 2010–12. 

3CFTC, Ownership and Control Reports, Forms 

102/102S/40/40S and 71; Final Rule 78 FR 69178 

(Nov. 18, 2013). 

(2) The Exchange has appropriate 

rules to facilitate transactions in the 

Shares during all trading sessions. 

(3) FINRA, on behalf of the Exchange, 

will communicate as needed regarding 

trading in the Shares, exchange-listed 

equity securities, futures contracts, and 

exchange-traded options contracts with 

other markets and other entities that are 

members of ISG, and FINRA, on behalf 

of the Exchange, may obtain trading 

information regarding trading in the 

Shares, exchange-listed equity 

securities, futures contacts and 

exchange-traded options contracts from 

such markets and other entities. In 

addition, the Exchange may obtain 

information regarding trading in the 

Shares, exchange-listed equity 

securities, futures contacts and 

exchange-traded options contracts from 

markets and other entities that are 

members of ISG or with which the 

Exchange has in place a comprehensive 

surveillance sharing agreement. 

(4) Prior to the commencement of 

trading, the Exchange will inform its 

Equity Trading Permit Holders in an 

Information Bulletin of the special 

characteristics and risks associated with 

trading the Shares. Specifically, the 

Information Bulletin will discuss the 

following: (a) the procedures for 

purchases and redemptions of Shares in 

creation units (and that Shares are not 

individually redeemable); (b) NYSE 

Arca Equities Rule 9.2(a), which 

imposes a duty of due diligence on its 

Equity Trading Permit Holders to learn 

the essential facts relating to every 

customer prior to trading the Shares; (c) 

the risks involved in trading the Shares 

during the Opening and Late Trading 

Sessions when an updated IIV or Index 

value will not be calculated or publicly 

disseminated; (d) how information 

regarding the IIV and Index Value is 

disseminated; (e) the requirement that 

Equity Trading Permit Holders deliver a 

prospectus to investors purchasing 

newly issued Shares prior to or 

concurrently with the confirmation of a 

transaction; and (f) trading information. 

(5) For initial and continued listing, 

the Fund will be in compliance with 

Rule 10A–3 under the Act,30 as 

provided by NYSE Arca Equities Rule 

5.3. 

(6) The Fund may hold up to an 

aggregate amount of 15% of its net 

assets in illiquid assets (calculated at 

the time of investment). 

(7) A minimum of 100,000 Shares for 

the Fund will be outstanding at the 

commencement of trading on the 

Exchange. 

(8) All futures contracts in which the 

Fund may invest will be listed on U.S. 

that are members of the ISG. 

This approval order is based on all of 

the Exchange’s representations, 

including those set forth above and in 

the Notice. 

For the foregoing reasons, the 

Commission finds that the proposed 

rule change is consistent with Section 

6(b)(5) of the Act 31 and the rules and 

regulations thereunder applicable to a 

national securities exchange. 

IV. Conclusion 

It is therefore ordered, pursuant to 

Section 19(b)(2) of the Act,32 that the 

proposed rule change (SR–NYSEArca– 

2015–05) be, and it hereby is, approved. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.33

Brent J. Fields, 

Secretary. 

[FR Doc. 2015–08447 Filed 4–13–15; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–74679; File No. SR–OC– 

2015–01] 

Self-Regulatory Organizations; 

OneChicago, LLC; Notice of Filing of 

Proposed Rule Change Relating to 

Ownership and Control Reports 

April 8, 2015. 

Pursuant to Section 19(b)(7) of the 

Securities Exchange Act of 1934 (the 

‘‘Act’’) 1, notice is hereby given that on 

March 31, 2015, OneChicago, LLC 

(‘‘OneChicago,’’ ‘‘OCX,’’ or the 

‘‘Exchange’’) filed with the Securities 

and Exchange Commission (‘‘SEC’’ or 

‘‘Commission’’) the proposed rule 

change described in Items I, II, and III 

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. 

OneChicago has also filed this rule 

change with the Commodity Futures 

Trading Commission (‘‘CFTC’’). 

OneChicago filed a written certification 

with the CFTC under Section 5c(c) of 

the Commodity Exchange Act (‘‘CEA’’) 

on March 19, 2015. 

I. Self-Regulatory Organization’s 

Description of the Proposed Rule 

Change 

OneChicago is proposing to insert into 

its Rulebook new OCX Rule 516 and 

concurrently issue Notice to Members 

(‘‘NTM’’) 2015–7. New OCX Rule 516 

codifies the requirement that Clearing 

Members submit to the Exchange 

account information related to 

reportable positions in OneChicago 

Contracts. OneChicago currently 

requires position-based reporting, but 

has not previously codified this 

requirement in the OCX Rulebook.2

Additionally, OneChicago is 

concurrently issuing NTM 2015–7. The 

NTM informs market participants that 

OneChicago is adopting new OCX Rule 

516. Additionally, the NTM explains to 

market participants that OCX will 

require Clearing Members to submit 

CFTC Form 102A and 102B data in the 

format required by the CFTC’s 

Ownership and Control Reports 

(‘‘OCR’’) Final Rule.3

The text of the proposed rule change 

is attached as Exhibit 4 to the filing 

submitted by the Exchange but is not 

attached to the published notice of the 

filing. 

II. Self-Regulatory Organization’s 

Statement of the Purpose of, and 

Statutory Basis for, the Proposed Rule 

Change 

In its filing with the Commission, 

OneChicago 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 

New OCX Rule 516 

OneChicago is proposing to amend 

the OCX Rulebook to insert new OCX 

Rule 516. OCX Rule 516 will require 

Clearing Members to submit to the 

Exchange account information related to 

reportable positions in OneChicago 

Contracts. OneChicago currently 

requires such reporting, but has not 


asabaliauskas on DSK5VPTVN1PROD with NOTICES
20042 Federal Register / Vol. 80, No. 71 / Tuesday, April 14, 2015 / Notices 

4On February 10, 2015, the CFTC issued a NoAction letter regarding the OCR Final Rule. The NoAction letter granted no-action relief from the 

requirement to report New Forms 102A and 102B 

until September 30, 2015. See CFTC Letter No. 15– 

03, dated February 10, 2015. OneChicago is 

establishing a compliance date for Forms 102A and 

102B that is 120 days after the OCR Final Rule 

effective date to allow market participants sufficient 

time to make necessary changes to their systems to 

support electronic transmission of the data. 

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

6 15 U.S.C. 78f(b)(5). 

7 15 U.S.C. 78f(b)(7). 8 15 U.S.C. 78s(b)(1). 

previously codified this requirement in 

the OCX Rulebook. OneChicago believes 

that by codifying this requirement in the 

OCX Rulebook, market participants will 

have more certainty regarding their 

regulatory requirements. New OCX Rule 

516 requires the submission of the 

account information in a form and 

manner prescribed by the Exchange. 

Accordingly, OCX is concurrently 

issuing NTM 2015–7, which requires 

the submission of the account 

information in the format required by 

the CFTC’s OCR final rule. 

Electronic Submission of Form 102A 

and Form 102B Data 

On November 18, 2013, the CFTC 

adopted new rules and related forms to 

enhance its identification of futures and 

swap market participants. The OCR 

Final Rule expanded upon the CFTC’s 

pre-existing position and transaction 

reporting programs by requiring the 

electronic submission of trader 

identification and market participant 

data on certain forms. 

Previously, market participants made 

these reports to the CFTC via paper 

forms, now referred to as ‘‘legacy’’ 

forms. Designated Contract Markets 

(‘‘DCMs’’) like OneChicago also required 

the submission of these legacy forms. 

The reporting programs allowed DCMs 

to conduct their self-regulatory 

obligations effectively, as the forms 

contain account information relating to 

market participants with reportable 

positions. Currently, OneChicago 

requires Clearing Members to submit a 

legacy Form 102 when an account of 

that Clearing Member has a reportable 

position of two hundred contracts in 

any contract. 

OneChicago’s NTM 2015–7 will 

require Clearing Members to make two 

changes to their reporting program. 

First, Clearing Members will be required 

to submit their reports electronically in 

the format required by the CFTC. 

Second, in addition to submitting Form 

102A when a Clearing Member’s 

customer has a reportable position, 

Clearing Members will be required to 

submit Form 102B when a customer 

exceeds the volume threshold of fifty 

contracts in any contract. 

The NTM then provides instructions 

for firms to submit their Form 102A and 

102B data electronically. For Form 

102A, the NTM requires that Clearing 

Members submit the data when a 

customer has a two hundred contract 

position in any contract, which is 

currently the reportable threshold. The 

NTM requires the submission by 9:00 

a.m. Central Time (‘‘CT’’) on the 

business day following the date on 

which the account becomes reportable. 

The implementation date for the 

electronic Form 102A data will be 

December 30, 2015.4

For Form 102B, the NTM requires that 

Clearing Members submit the data when 

a customer has exceeded fifty contracts 

traded in any contract during a single 

trading day. The NTM requires the 

submission by 9:00 a.m. CT on the 

business day following the date on 

which the account becomes reportable. 

The implementation date for the 

electronic Form 102B data will also be 

December 30, 2015. 

Amendments to OCX Rules 905 and 

1005 

OCX Rules 905 and 1005 provide the 

template for the Form of Specifications 

Supplement for each OneChicago 

Contract. Specifically, Rule 905 

provides the template for Single Stock 

Futures, whereas Rule 1005 provides 

the template for Stock Index Futures. 

Both of these templates are being 

updated to allow for a reportable trading 

volume level to accommodate the new 

volume threshold reporting 

requirement. 

2. Statutory Basis 

OneChicago believes that the 

proposed rule change is consistent with 

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

furthers the objectives of Section 

6(b)(5) 6 and 6(b)(7) 7 in particular in 

that it is designed: 

• To prevent fraudulent and 

manipulative acts and practices, 

• to promote just and equitable 

principles of trade, 

• to foster cooperation and 

coordination with persons engaged in 

facilitating transactions in securities, 

• to remove impediments to and 

perfect the mechanism of a free and 

open market and a national market 

system, and in general, to protect 

investors and the public interest. 

The Exchange believes that the 

proposed rule change will strengthen its 

ability to carry out its responsibilities as 

a self-regulatory organization. 

OneChicago must receive the 

information that Clearing Members 

provide to the CFTC under the new OCR 

Rule in order to carry out OneChicago’s 

market surveillance program. 

Additionally, OneChicago’s proposed 

addition of new OCX Rule 516 will 

further help the Exchange carry out its 

self-regulatory duties, as it will 

expressly codify the requirement that 

firms submit the relevant account data 

to the Exchange. The Form 102A data 

will allow the Exchange to continue to 

identify accounts that acquire reportable 

positions. Similarly, the Form 102B data 

will allow the Exchange to identify 

accounts that cross the volume 

threshold level intraday. OneChicago 

did not previously have access to this 

volume threshold account data, and 

Form 102B will now allow the Exchange 

to identify more market participants 

engaged in trading OneChicago 

products. 

B. Self-Regulatory Organization’s 

Statement on Burden on Competition 

OneChicago does not believe that the 

rule change and associated NTM will 

impose any burden on competition not 

necessary or appropriate in furtherance 

of the purposes of the Act, in that the 

rule change and associated NTM 

enhances OneChicago’s market 

surveillance program. The Exchange 

believes that the proposed rule change 

and associated NTM are equitable and 

not unfairly discriminatory because they 

would apply equally to all Clearing 

Members. 

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 rule amendment and NTM will 

become operative on April 6, 2015. 

At any time within 60 days of the date 

of effectiveness of the proposed rule 

change, the Commission, after 

consultation with the CFTC, may 

summarily abrogate the proposed rule 

change and require that the proposed 

rule change be refiled in accordance 

with the provisions of Section 19(b)(1) 

of the Act.8

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. 


asabaliauskas on DSK5VPTVN1PROD with NOTICES
Federal Register / Vol. 80, No. 71 / Tuesday, April 14, 2015 / Notices 20043 

9 17 CFR 200.30–3(a)(73). 

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

2 15 U.S.C. 78a. 

3 17 CFR 240.19b–4. 

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– 

OC–2015–01 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–OC–2015–01. 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 

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–OC– 

2015–01, and should be submitted on or 

before May 5, 2015. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.9

Brent J. Fields, 

Secretary. 

[FR Doc. 2015–08451 Filed 4–13–15; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–74604; File No. SR– 

NYSEArca–2015–20] 

Self-Regulatory Organizations; NYSE 

Arca, Inc.; Notice of Filing and 

Immediate Effectiveness of Proposed 

Rule Change Amending Its Schedule of 

Fees and Charges for Exchange 

Services To Specify That Affiliated 

Exchange ETP Holders May Request 

That the Exchange Aggregate Its 

Eligible Activity With Activity of the 

ETP Holder’s Affiliates for Purposes of 

Charges or Credits Based on Volume 

Correction 

In Notice document 2015–07619 

beginning on page 18270 in the issue of 

Friday, April 3, 2015, make the 

following correction: 

On page 18270, in the third column, 

in the second paragraph from the 

bottom, the subject heading beginning 

‘‘Self-Regulatory Organizations’’ should 

read as follows: 

‘‘Self-Regulatory Organizations; NYSE 

Arca, Inc.; Notice of Filing and 

Immediate Effectiveness of Proposed 

Rule Change Amending Its Schedule 

of Fees and Charges for Exchange 

Services to Specify that Affiliated 

Exchange ETP Holders May Request 

that the Exchange Aggregate Its 

Eligible Activity with Activity of the 

ETP Holder’s Affiliates for Purposes 

of Charges or Credits Based on 

Volume’’ 

[FR Doc. C1–2015–07619 Filed 4–13–15; 8:45 am] 

BILLING CODE 1505–01–D 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–74628; File No. SR–Phlx– 

2015–32] 

Self-Regulatory Organizations; 

NASDAQ OMX PHLX LLC; Notice of 

Filing and Immediate Effectiveness of 

Proposed Rule Change To Amend Rule 

3301(h) 

April 1, 2015. 

Correction 

In notice document 2015–07851, 

appearing on pages 18662—18664 in the 

issue of Tuesday, April 7, 2015, make 

the following correction: 

On page 18664, in the second column, 

on the thirty-first line from the top, 

‘‘May 7, 2015’’ is corrected to read 

‘‘April 28, 2015.’’ 

[FR Doc. C1–2015–07851 Filed 4–13–15; 8:45 am] 

BILLING CODE 1505–01–D 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–74682; File No. SR– 

NYSEMKT–2015–22] 

Self-Regulatory Organizations; NYSE 

MKT, LLC; Notice of Filing of Proposed 

Rule Change Amending Rule 13— 

Equities and Related Rules Governing 

Order Types and Modifiers 

April 8, 2015. 

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

Securities Exchange Act of 1934 

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

notice is hereby given that on March 24, 

2015, NYSE MKT LLC (the ‘‘Exchange’’ 

or ‘‘NYSE MKT’’) 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 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 13—Equities and related rules 

governing order types and modifiers. 

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. 

A. Self-Regulatory Organization’s 

Statement of the Purpose of, and the 

Statutory Basis for, the Proposed Rule 

Change 

1. Purpose 

On June 5, 2014, in a speech entitled 

‘‘Enhancing Our Market Equity 

Structure,’’ Mary Jo White, Chair of the 


asabaliauskas on DSK5VPTVN1PROD with NOTICES