22602 Federal Register / Vol. 80, No. 77 / Wednesday, April 22, 2015 / Notices 

25See Notice, supra note 3 at 8725–26. See also 

proposed Rule 11.13(b)(4)(C). 

26See Notice, supra note 3 at 8725. See also 

proposed Rule 11.13(b)(5). For additional detail 

regarding the Exchange’s proposed rule changes, 

including examples of the operation of functionality 

addressed by this rule filing, see Notice, supra note 

3 at 8721–26. 

27 In approving this proposed rule change, the 

Commission has considered the proposed rule’s 

impact on efficiency, competition, and capital 

formation. See 15 U.S.C. 78c(f). 

28 15 U.S.C. 78f(b)(5) 

29See Notice, supra note 3 at 8726. 

30 15 U.S.C. 78s(b)(2). 

31 17 CFR 200.30–3(a)(12). 

order.25 Further, the Exchange proposes 

to revise Rule 11.13(b) (to be 

renumbered as Rule 11.13(b)(5)) to make 

clear that orders that have been routed 

pursuant to Rule 11.12(a) are not ranked 

and maintained by the BATS Book, and 

therefore are not available to execute 

against incoming orders pursuant to 

new Rule 11.13(a).26

III. Discussion and Commission 

Findings 

After careful review, the Commission 

finds that the proposed rule change is 

consistent with the requirements of the 

Act and the rules and regulations 

thereunder applicable to a national 

securities exchange.27 In particular, the 

Commission finds that the proposed 

rule change is consistent with the 

requirements of Section 6(b)(5) of the 

Act,28 which requires, among other 

things, that the Exchange’s rules be 

designed to prevent fraudulent and 

manipulative acts and practices, to 

promote just and equitable principles of 

trade, 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; and 

are not designed to permit unfair 

discrimination between customers, 

issuers, brokers or dealers. 

The Exchange believes that the 

proposed rule change will provide 

additional clarity and specificity 

regarding the functionality of the 

System, thus promoting just and 

equitable principals of trade and 

promoting a fair and open market. In 

addition, the Exchange believes the 

proposed rule change will contribute to 

the protection of investors and the 

public interest by making the 

Exchange’s rules easier to understand. 

The Exchange states that the proposed 

rule changes add clarity and 

transparency to the Exchange’s rulebook 

regarding existing Exchange 

functionality.29 For example, among 

other things, the Exchange’s proposal 

would amend Rule 11.9 to clarify that 

IOC orders are routable and FOK orders 

are not routable, specify the 

methodology used by the Exchange to 

determine whether BATS Post Only 

Orders will remove liquidity from the 

BATS Book, and add additional detail 

describing the operation of Mid-Point 

Peg Orders and Discretionary Orders. 

The Exchange also has proposed to 

amend Rules 11.12 and 11.13 to provide 

additional transparency as to, but not 

substantively modify, the Exchange’s 

process for ranking, executing and 

routing orders, including orders subject 

to the Exchange’s re-route functionality. 

The Commission believes that these 

proposed changes should provide 

greater specificity, clarity and 

transparency with respect to certain 

order type and modifier functionality 

available on the Exchange, as well as the 

Exchange’s methodologies for ranking, 

executing and routing orders. Therefore, 

the proposal should help 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, in 

general, protect investors and the public 

interest. 

IV. Conclusion 

It is therefore ordered, pursuant to 

Section 19(b)(2) of the Act,30 that the 

proposed rule change (SR–BATS–2015– 

09) be, and it hereby is, approved. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.31

Brent J. Fields, 

Secretary. 

[FR Doc. 2015–09267 Filed 4–21–15; 8:45 am] 

BILLING CODE 8011–01–P 

SMALL BUSINESS ADMINISTRATION 

Regulatory Fairness Hearing; U.S. 

Small Business Administration; 

Region X—Spokane, Washington 

AGENCY: U.S. Small Business 

Administration (SBA). 

ACTION: Notice of open hearing of 

Region X Small Business Owners in 

Spokane, WA. 

SUMMARY: The SBA, Office of the 

National Ombudsman is issuing this 

notice to announce the location, date 

and time of the Spokane, WA 

Regulatory Fairness Hearing. This 

hearing is open to the public. 

DATES: The hearing will be held on 

Thursday, May 7, 2015, from 1:00 p.m. 

to 4:30 p.m. (PDT). 

ADDRESSES: The hearing will be at The 

Historic Davenport Hotel, 10 South Post 

Street, Elizabethan Room, Spokane, WA 

99201. 

SUPPLEMENTARY INFORMATION: Pursuant 

to the Small Business Regulatory 

Enforcement Fairness Act (Pub. L. 104– 

121), Sec. 222, SBA announces the 

hearing for Small Business Owners, 

Business Organizations, Trade 

Associations, Chambers of Commerce 

and related organizations serving small 

business concerns to report experiences 

regarding unfair or excessive Federal 

regulatory enforcement issues affecting 

their members. 

FOR FURTHER INFORMATION CONTACT: The 

hearing is open to the public; however, 

advance notice of attendance is 

requested. Anyone wishing to attend 

and/or make a presentation at the 

Spokane, WA hearing must contact Jose ́

Me ́ndez by May 1, 2015 in writing, or 

by fax or email in order to be placed on 

the agenda. For further information, 

please contact Jose ́ Me ́ndez, Case 

Management Specialist, Office of the 

National Ombudsman, 409 3rd Street 

SW., Suite 7125, Washington, DC 20416, 

by phone (202) 205–6178 and fax (202) 

481–5719. Additionally, if you need 

accommodations because of a disability, 

translation services, or require 

additional information, please contact 

Jose ́ Me ́ndez as well. 

For more information on the Office of 

the National Ombudsman, see our Web 

site at www.sba.gov/ombudsman. 

Dated: April 14, 2015. 

Miguel J. L’Heureux, 

SBA Committee Management Officer. 

[FR Doc. 2015–09295 Filed 4–21–15; 8:45 am] 

BILLING CODE P 

SOCIAL SECURITY ADMINISTRATION 

[Docket No: SSA–2015–0020] 

Agency Information Collection 

Activities: 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 of 1995, effective October 

1, 1995. This notice includes a revision 

and an extension of OMB-approved 

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, 


asabaliauskas on DSK5VPTVN1PROD with NOTICES