57100 Federal Register / Vol. 75, No. 180 / Friday, September 17, 2010 / Notices 

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

12 17 CFR 240.19b–4(f)(6). When filing a proposed 

rule change pursuant to Rule 19b–4(f)(6) under the 

Act, an exchange is required to give the 

Commission written notice of its 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 Commission 

notes that the Exchange has satisfied this 

requirement. 

13 17 CFR 240.19b–4(f)(6)(iii). 

14 Id. 

15The Commission also notes that waiving the 

operative date as of the date of this notice is 

consistent with approval of CBOE’s pilot, which 

allowed implementation as of the date of the 

Commission’s approval order, and Amex’s pilot, 

where the pilot was operative upon the date of issue 

of the notice. 

16See supra note 4. 

17 Id. 

18 Id. 

19For the purposes only of waiving the operative 

date of this proposal, the Commission has 

considered the proposed rule’s impact on 

efficiency, competition, and capital formation. See 

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

20 17 CFR 200.30–3(a)(12). 

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

2 17 CFR 240.19b–4. 

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: (1) Significantly affect 

the protection of investors or the public 

interest; (2) impose any significant 

burden on competition; and (3) become 

operative for 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, it has 

become effective pursuant to Section 

19(b)(3)(A) of the Act 11 and Rule 19b– 

4(f)(6) thereunder.12

A proposed rule change filed under 

Rule 19b–4(f)(6) normally may not 

become operative prior to 30 days after 

the date of filing.13 However, Rule 19b– 

4(f)(6) 14 permits the Commission to 

designate a shorter time if such action 

is consistent with the protection of 

investors and the public interest. Phlx 

has requested that the Commission 

waive the 30-day operative delay. 

The Commission has considered 

Phlx’s request to waive the 30-day 

operative delay. Because, however, the 

Commission does not believe, 

practically speaking, that a pilot should 

retroactively commence, the 

Commission is only waiving the 

operative delay as of the date of this 

notice for the reasons discussed 

below.15 The Commission believes that 

waiving the 30-day operative delay to 

allow the commencement of the pilot as 

of the date of issuance of this notice of 

the proposed rule change is consistent 

with the protection of investors and the 

public interest. The Commission notes 

that the proposed rule change is 

substantially similar to a pilot that was 

previously approved by the Commission 

and is currently in existence for 

CBOE,16 and to a pilot program that is 

currently in existence on NYSE Amex.17

The Commission notes that these pilots 

were subject to full notice and comment 

in the Federal Register. The 

Commission received no comments on 

the NYSE Amex proposal, and only 

received comments that supported the 

CBOE proposal.18 Further, the 

Exchange’s proposal does not raise any 

new or novel issues that were not 

already considered in connection with 

the CBOE and NYSE Amex proposals. 

For these reasons, consistent with 

investor protection and the public 

interest, the Commission designates this 

pilot to be operative upon the date of 

issuance of this notice.19

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 e-mail to rulecomments@sec.gov. Please include File 

Number SR–Phlx–2010–123 on the 

subject line. 

Paper Comments 

• Send paper comments in triplicate 

to Elizabeth M. Murphy, Secretary, 

Securities and Exchange Commission, 

100 F Street, NE., Washington, DC 

20549–1090. 

All submissions should refer to File 

Number SR–Phlx–2010–123. This file 

number should be included on the 

subject line if e-mail 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 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– 

2010–123 and should be submitted on 

or before October 8, 2010. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.20

Florence E. Harmon, 

Deputy Secretary. 

[FR Doc. 2010–23298 Filed 9–16–10; 8:45 am] 

BILLING CODE 8010–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–62897; File No. SR–CBOE– 

2010–083] 

Self-Regulatory Organizations; 

Chicago Board Options Exchange, 

Incorporated; Notice of Filing and 

Immediate Effectiveness of Proposed 

Rule Change Related to the Complex 

Order Book 

September 13, 2010. 

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 

September 9, 2010, the Chicago Board 

Options Exchange, Incorporated 

(‘‘Exchange’’ or ‘‘CBOE’’) filed with the 

Securities and Exchange Commission 

(the ‘‘Commission’’) the proposed rule 

change as described in Items I and II 


wwoods2 on DSK1DXX6B1PROD with NOTICES_PART 1
Federal Register / Vol. 75, No. 180 / Friday, September 17, 2010 / Notices 57101 

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

4 17 CFR 240.19b–4(f)(6). 

5The matching algorithms include price-time, 

pro-rata, and the ultimate matching algorithm 

(‘‘UMA’’) base priorities and a combination of 

various optional priority overlays pertaining to 

public customer priority, Market-Maker 

participation entitlements, small order preference, 

and market turner. See Rules 6.45A, Priority and 

Allocation of Equity Option Trades on the CBOE 

Hybrid System, and 6.45B, Priority and Allocation 

of Trades in Index Options and Options on ETFs 

on the CBOE Hybrid System. 6 15 U.S.C. 78f(b)(5). 

7 15 U.S.C. 78s(b)(3)(A). 

8 17 CFR 240.19b–4(f)(6). In addition, Rule 19b– 

4(f)(6)(iii) requires a self-regulatory organization 

submit to the Commission written notice of its 

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 filing 

of the proposed rule change, or such shorter time 

as designated by the Commission. The Commission 

notes that the Exchange has satisfied this 

requirement. 

below, which Items have been prepared 

by the Exchange. The Exchange filed the 

proposal as a ‘‘non-controversial’’ 

proposed rule change pursuant to 

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

Rule 19b–4(f)(6) thereunder.4 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 

CBOE Rule 6.53C, Complex Orders on 

the Hybrid System, to incorporate a 

provision related to option classes in 

which the electronic complex order 

book (‘‘COB’’) is activated. 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 

CBOE Rule 6.53C governs the 

operation of the Exchange’s electronic 

COB system. The purpose of this 

proposed rule change is to incorporate 

a provision to provide the Exchange 

with additional flexibility to determine 

the applicable matching algorithm 5 for 

option classes in which COB is 

activated. Currently, Rule 6.53C(c)(ii)(2) 

specifies that the allocation of complex 

orders within COB shall be pursuant to 

the rules of trading priority otherwise 

applicable to incoming electronic orders 

in the individual component legs, and 

Rule 6.53C(iii)(3) specifies that the 

allocation of complex orders among 

market participants that submit orders 

or quotes to trade against the COB shall 

be pursuant to paragraph (c) of Rule 

6.45A or Rule 6.45B, as applicable. 

This filing proposes to provide the 

Exchange with additional flexibility 

regarding the allocation to permit the 

matching algorithm in effect for COB to 

be different from the matching 

algorithm in effect for the option class. 

Specifically, we are proposing that the 

Exchange may determine on a class-byclass basis which electronic matching 

algorithm shall apply to COB 

executions. Pursuant to Rule 6.53C.01, 

all pronouncements regarding COB 

matching algorithm determinations by 

the Exchange will be announced to 

CBOE Trading Permit Holders via 

Regulatory Circular. 

The matching algorithm applied to 

COB for each option class will continue 

to be pursuant to Rule 6.45A or 6.45B, 

as applicable. Thus, the Exchange is not 

creating any new algorithms for COB, 

but is amending Rule 6.53C to provide 

the flexibility to choose an algorithm 

from among the existing algorithms to 

be applied to COB rather than simply 

defaulting to the algorithm in effect for 

an option class. All other aspects of 

COB pursuant to Rule 6.53C shall apply 

unchanged. 

2. Statutory Basis 

The basis under the Act for this 

proposed rule change is the requirement 

under Section 6(b)(5) 6 that an exchange 

have rules that are designed to promote 

just and equitable principles of trade, 

and to remove impediments to and 

perfect the mechanism for a free and 

open market and a national market 

system, and, in general, to protect 

investors and the public interest. In 

particular, the Exchange believes the 

proposed change would provide more 

flexibility for the Exchange to designate 

the matching algorithm for COB in a 

manner that is consistent with existing 

CBOE rules. 

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 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 

The Exchange neither solicited nor 

received comments on the proposal. 

III. Date of Effectiveness of the 

Proposed Rule Change and Timing for 

Commission Action 

Because the foregoing rule 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 if consistent 

with the protection of investors and the 

public interest, provided that the selfregulatory organization has given 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 proposed rule change 

has become effective pursuant to 

Section 19(b)(3)(A) of the Act 7 and Rule 

19b–4(f)(6) thereunder.8 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. 

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 e-mail to rulecomments@sec.gov. Please include File 

Number SR–CBOE–2010–083 on the 

subject line. 


wwoods2 on DSK1DXX6B1PROD with NOTICES_PART 1
57102 Federal Register / Vol. 75, No. 180 / Friday, September 17, 2010 / Notices 

9 17 CFR 200.30–3(a)(12). 

Paper Comments 

• Send paper comments in triplicate 

to Elizabeth M. Murphy, Secretary, 

Securities and Exchange Commission, 

100 F Street, NE., Washington, DC 

20549–1090. 

All submissions should refer to File 

Number SR–CBOE–2010–083. This file 

number should be included on the 

subject line if e-mail 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 website (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 website 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 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– 

2010–083 and should be submitted on 

or before October 8, 2010. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.9

Florence E. Harmon, 

Deputy Secretary. 

[FR Doc. 2010–23297 Filed 9–16–10; 8:45 am] 

BILLING CODE 8010–01–P 

SOCIAL SECURITY ADMINISTRATION 

[Docket No. SSA–2010–0058] 

Occupational Information Development 

Advisory Panel Meeting; Correction 

AGENCY: Social Security Administration. 

ACTION: Notice; correction. 

SUMMARY: The Social Security 

Administration published a document 

in the Federal Register of September 13, 

2010, announcing an upcoming panel 

teleconference meeting of the 

Occupational Information Development 

Advisory Panel. The document 

contained an incorrect timeframe for the 

meeting. 

FOR FURTHER INFORMATION CONTACT: The 

panel staff by any one of these three 

methods: 

• Mail: Occupational Information 

Development Advisory Panel, Social 

Security Administration, 6401 Security 

Boulevard, Operations Building, 3–E– 

26, Baltimore, Maryland 21235. 

• Fax: (410) 597–0825. 

• E-mail: OIDAP@ssa.gov. 

Correction 

In the Federal Register of September 

13, 2010, in FR Doc. 2010–22711, on 

page 55625, in the second column, 

correct the DATES caption to read: 

DATES: September 29, 2010, 10 a.m.–12 

p.m. (EDT). Call-in number (866) 283– 

9791, Conference ID: 1482323, Leader/ 

Host: Debra Tidwell-Peters. 

Deborah Tidwell, 

Designated Federal Officer. 

[FR Doc. 2010–23206 Filed 9–16–10; 8:45 am] 

BILLING CODE 4191–02–P 

DEPARTMENT OF STATE 

[Public Notice 7174] 

Culturally Significant Objects Imported 

for Exhibition Determinations: ‘‘Titian 

and the Golden Age of Venetian 

Painting: Masterpieces from the 

National Galleries of Scotland’’ 

SUMMARY: Notice is hereby given of the 

following determinations: Pursuant to 

the authority vested in me by the Act of 

October 19, 1965 (79 Stat. 985; 22 U.S.C. 

2459), Executive Order 12047 of March 

27, 1978, the Foreign Affairs Reform and 

Restructuring Act of 1998 (112 Stat. 

2681, et seq.; 22 U.S.C. 6501 note, et 

seq.), Delegation of Authority No. 234 of 

October 1, 1999, and Delegation of 

Authority No. 236–3 of August 28, 2000, 

I hereby determine that the objects to be 

included in the exhibition ‘‘Titian and 

the Golden Age of Venetian Painting: 

Masterpieces from the National 

Galleries of Scotland,’’ imported from 

abroad for temporary exhibition within 

the United States, are of cultural 

significance. The objects are imported 

pursuant to loan agreements with the 

foreign owners or custodians. I also 

determine that the exhibition or display 

of the exhibit objects at the High 

Museum of Art, Atlanta, GA, from on or 

about October 16, 2010, until on or 

about January 2, 2011; at the 

Minneapolis Institute of Arts, 

Minneapolis, MN, from on or about 

February 6, 2011 to on or about May 1, 

2011; at the Museum of Fine Arts, 

Houston, TX, from on or about May 21, 

2011, to on or about August 14, 2011, 

and at possible additional exhibitions or 

venues yet to be determined, is in the 

national interest. Public Notice of these 

Determinations is ordered to be 

published in the Federal Register. 

FOR FURTHER INFORMATION CONTACT: For 

further information, including a list of 

the exhibit objects, contact Carol B. 

Epstein, Attorney-Adviser, Office of the 

Legal Adviser, U.S. Department of State 

(telephone: 202/632–6473). The address 

is U.S. Department of State, SA–5, L/PD, 

Fifth Floor, Washington, DC 20522– 

0505. 

Dated: September 9, 2010. 

Ann Stock, 

Assistant Secretary, Bureau of Educational 

and Cultural Affairs, Department of State. 

[FR Doc. 2010–23284 Filed 9–16–10; 8:45 am] 

BILLING CODE 4710–05–P 

DEPARTMENT OF STATE 

[Public Notice 7112] 

Advisory Committee on International 

Postal and Delivery Services 

AGENCY: Department of State. 

ACTION: Notice; FACA Committee 

meeting announcement. 

SUMMARY: As required by the Federal 

Advisory Committee Act, Public Law 

92–463, the Department of State gives 

notice of a meeting of the Advisory 

Committee on International Postal and 

Delivery Services. This Committee has 

been formed in fulfillment of the 

provisions of the 2006 Postal 

Accountability and Enhancement Act 

(Pub. L. 109–435) and in accordance 

with the Federal Advisory Committee 

Act. 

DATE: October 19, 2010 from 2 p.m. to 

about 5 p.m. (open to the public). 

Location: The American Institute of 

Architects (Boardroom), 1735 New York 

Ave., NW., Washington, DC 20006. 

Meeting agenda: The agenda of the 

meeting will include a review of the 

results of the April 2010 UPU Postal 

Operations Council, the major issues to 

arise at the November 2010 UPU 

Council of Administration and other 

subjects related to international postal 

and delivery services of interest to 

Advisory Committee members and the 

public. 

Public input: Any member of the 

public interested in providing public 

input to the meeting should contact Ms. 


wwoods2 on DSK1DXX6B1PROD with NOTICES_PART 1