7618 Federal Register / Vol. 81, No. 29 / Friday, February 12, 2016 / Notices 

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

2 17 CFR 240.19b–4. 

3See Securities Exchange Act Release No. 66616 

(March 16, 2012) 77 FR 16879 (March 22, 2012) 

(SR–Phlx–2012–11) (Order Granting Approval of 

Proposed Rule Change Regarding the Listing and 

Trading of PHLX FOREX OptionsTM). In the 

approval order the Commission approved listing 

and trading of PHLX FOREX Options the British 

pound, the Swiss franc, the Canadian dollar, the 

Australian dollar, the New Zealand dollar, and the 

Euro. These six foreign currencies also underlie 

another type of foreign currency option that is 

currently listed and traded on the Exchange 

(referred to as either ‘‘FCOs’’ or World Currency 

Options, ‘‘WCOs’’). The primary difference between 

FCOs and the PHLX FOREX Options is the pricing 

convention of PHLX FOREX Options, which 

resembles the ‘‘spot market pricing’’ on the 

underlying currencies. The proposal to delist the 

PHLX FOREX OptionsTM does not affect the 

continued listing and trading of FCOs on the 

Exchange. 

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

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

An agency may not conduct or 

sponsor, and a person is not required to 

respond to, a collection of information 

under the PRA unless it displays a 

currently valid OMB control number. 

The public may view background 

documentation for this information 

collection at the following Web site: 

www.reginfo.gov. Comments should be 

directed to: (i) Desk Officer for the 

Securities and Exchange Commission, 

Office of Information and Regulatory 

Affairs, Office of Management and 

Budget, Room 10102, New Executive 

Office Building, Washington, DC 20503 

or by sending an email to: shagufta_

ahmed@omb.eop.gov; and (ii) Pamela 

Dyson, Director/Chief Information 

Officer, Securities and Exchange 

Commission, c/o Remi Pavlik-Simon, 

100 F Street, NE Washington, DC 20549, 

or by sending an email to PRA_

Mailbox@sec.gov. Comments must be 

submitted to OMB within 30 days of 

this notice. 

Dated: February 8, 2015. 

Robert W. Errett, 

Deputy Secretary. 

[FR Doc. 2016–02832 Filed 2–11–16; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–77076; File No. SR–Phlx– 

2016–16] 

Self-Regulatory Organizations; 

NASDAQ PHLX LLC; Notice of Filing 

and Immediate Effectiveness of 

Proposed Rule Change To Delete 

Obsolete Rules 1000C–1009C 

February 8, 2016. 

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 February 

1, 2016, NASDAQ PHLX LLC (‘‘Phlx’’ or 

the ‘‘Exchange’’) filed with the 

Securities and Exchange Commission 

(‘‘SEC’’ or the ‘‘Commission’’) the 

proposed rule change as described in 

Items I, II, and III, below, which Items 

have been 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 delete 

obsolete Rules 1000C–1009C, 

collectively captioned Rules Applicable 

to Trading of PHLX FOREX OptionsTM. 

The text of the proposed rule change 

is available on the Exchange’s Web site 

at http://

nasdaqomxphlx.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 

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 

Statutory Basis for, the Proposed Rule 

Change 

1. Purpose 

PHLX FOREX Options TM

The Exchange’s rules for listing and 

trading PHLX FOREX Options were 

approved by the Commission in 2012 3

but were never in fact listed or traded 

on Phlx. The Exchange has no current 

intention to list or trade PHLX FOREX 

Options in the foreseeable future. 

Accordingly, the Exchange proposes to 

delete the caption ‘‘Rules Applicable to 

Trading of PHLX FOREX Options TM

(Rules 1000C–1009C)’’ as well as Rules 

1000C through 1009C dealing solely 

with PHLX FOREX Options. 

The Exchange also proposes to make 

conforming changes to Phlx Option 

Floor Procedure Advices F–6, Option 

Quote Parameters, and F–15, Minor 

Infractions of Position/Exercise Limits 

and Hedge Exemptions, removing 

language which is specific to PHLX 

FOREX Options. 

2. Statutory Basis 

The Exchange believes that its 

proposal is consistent with Section 6(b) 

of the Act 4 in general, and furthers the 

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

in particular, in that it is designed 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. In 

particular, this proposed change 

removes from the Phlx rulebook the 

rules applicable to PHLX FOREX 

Options and makes conforming changes 

as needed to certain other rules. The 

rule language to be deleted is not 

relevant or necessary because it deals 

solely with PHLX FOREX Options 

which were never listed or traded on the 

Exchange. Removing this rule language 

from the Phlx rulebook will help 

eliminate potential member and 

investor confusion about products listed 

and traded on Phlx. 

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. The 

proposed change is not designed to 

address any competitive issue but 

would merely remove rule language 

relating to PHLX FOREX Options that is 

not relevant to the Exchange’s business 

in any respect. 

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 

Because the foregoing 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 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 


asabaliauskas on DSK9F6TC42PROD with NOTICES2
Federal Register / Vol. 81, No. 29 / Friday, February 12, 2016 / Notices 7619 

6 15 U.S.C. 78s(b)(3)(a)(iii). 

7 17 CFR 240.19b–4(f)(6). In addition, Rule 19b– 

4(f)(6) requires a self-regulatory organization to give 

the Commission written notice of its intent to file 

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. 8 17 CFR 200.30–3(a)(12). 

1Applicants request that the order apply to each 

existing and future series of the Trusts and to each 

existing and future registered open-end investment 

company or series thereof that is advised by SFIMC 

or its successor or by any entity controlling, 

controlled by or under common control with SFIMC 

or its successor and is part of the same ‘‘group of 

Continued 

19(b)(3)(A)(iii) of the Act 6 and 

subparagraph (f)(6) of Rule 19b–4 

thereunder.7

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: (i) Necessary or appropriate in 

the public interest; (ii) for the protection 

of investors; or (iii) otherwise in 

furtherance of the purposes of the Act. 

If the Commission takes such action, the 

Commission shall institute proceedings 

to determine whether the proposed rule 

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– 

Phlx–2016–16 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–Phlx–2016–16. 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–Phlx– 

2016–16 and should be submitted on or 

before March 4, 2016. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.8

Robert W. Errett, 

Deputy Secretary. 

[FR Doc. 2016–02836 Filed 2–11–16; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Investment Company Act Release No. 

31988; File No. 812–14558] 

State Farm Associates’ Funds Trust, et 

al.; Notice of Application 

February 8, 2016. 

AGENCY: Securities and Exchange 

Commission (‘‘Commission’’). 

ACTION: Notice of an application for an 

order under section 12(d)(1)(J) of the 

Investment Company Act of 1940 (the 

‘‘Act’’) for an exemption from sections 

12(d)(1)(A), (B), and (C) of the Act and 

under sections 6(c) and 17(b) of the Act 

for an exemption from sections 17(a)(1) 

and (2) of the Act. The requested order 

would permit certain registered openend investment companies to acquire 

shares of certain registered open-end 

investment companies, registered 

closed-end investment companies, and 

registered unit investment trusts 

(collectively, ‘‘Underlying Funds’’) that 

are within and outside the same group 

of investment companies as the 

acquiring investment companies, in 

excess of the limits in section 12(d)(1) 

of the Act. 

Applicants: State Farm Associates’ 

Funds Trust, State Farm Mutual Fund 

Trust and State Farm Variable Product 

Trust, each a Delaware statutory trust 

and registered under the Act as an openend management investment company 

with multiple series (each, a ‘‘Trust’’); 

State Farm Investment Management 

Corp. (‘‘SFIMC’’), a Delaware 

Corporation registered as an investment 

adviser under the Investment Advisers 

Act of 1940; and State Farm VP 

Management Corp., a Delaware 

corporation, registered as a brokerdealer under the Securities Exchange 

Act of 1934 (‘‘Exchange Act’’). 

DATES: Filing Dates: The application was 

filed on October 2, 2015, and amended 

on January 5, 2016. 

Hearing or Notification of Hearing: An 

order granting the requested relief will 

be issued unless the Commission orders 

a hearing. Interested persons may 

request a hearing by writing to the 

Commission’s Secretary and serving 

applicants with a copy of the request, 

personally or by mail. Hearing requests 

should be received by the Commission 

by 5:30 p.m. on March 4, 2016 and 

should be accompanied by proof of 

service on the applicants, in the form of 

an affidavit, or, for lawyers, a certificate 

of service. Pursuant to Rule 0–5 under 

the Act, hearing requests should state 

the nature of the writer’s interest, any 

facts bearing upon the desirability of a 

hearing on the matter, the reason for the 

request, and the issues contested. 

Persons who wish to be notified of a 

hearing may request notification by 

writing to the Commission’s Secretary. 

ADDRESSES: Brent J. Fields, Secretary, 

U.S. Securities and Exchange 

Commission, 100 F Street NE., 

Washington, DC 20549–1090. 

Applicants: c/o Mr. David Moore, State 

Farm Investment Management Corp., 

One State Farm Plaza, Bloomington, IL 

61710–0001. 

FOR FURTHER INFORMATION CONTACT: Jean 

E. Minarick, Senior Counsel, at (202) 

551–6811, or Daniele Marchesani, 

Branch Chief, at (202) 551–6821 

(Division of Investment Management, 

Chief Counsel’s Office). 

SUPPLEMENTARY INFORMATION: The 

following is a summary of the 

application. The complete application 

may be obtained via the Commission’s 

Web site by searching for the file 

number, or for an applicant using the 

Company name box, at http://

www.sec.gov/search/search.htm, or by 

calling (202) 551–8090. 

Summary of the Application 

1. Applicants request an order to 

permit (a) a Fund 1 (each a ‘‘Fund of 


asabaliauskas on DSK9F6TC42PROD with NOTICES2