Federal Register / Vol. 79, No. 235 / Monday, December 8, 2014 / Notices 72747 

3 15 U.S.C. 78f(b). 

4 15 U.S.C. 78(f)(b)(5). 5 15 U.S.C. 78s(b)(1). 6 17 CFR 200.30–3(a)(12). 

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 

The purpose of OneChicago’s filing is 

to provide its market participants with 

guidance regarding the method by 

which bilateral blocks and bilateral 

EFPs may be reported to the Exchange. 

Specifically, market participants have 

raised questions regarding various 

aspects of bilateral block and bilateral 

EFP reporting, including how to deal 

with partial fills and remainders when 

reporting a bilateral block, which party 

to a bilateral block must report the trade 

first, how much time parties have to 

report a block trade to the Exchange, 

and under what circumstances, if any, 

OCX would allow parties to a bilateral 

block or bilateral EFP trade to exceed 

the reporting time requirements. OCX is 

updating its guidance in NTM 2014–33 

to account for these questions that have 

been raised by market participants. 

2. Statutory Basis 

OneChicago believes that the 

proposed rule change is consistent with 

Section 6(b) of the Act,3 in general, and 

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

of the Act,4 in particular, in that it is 

designed to foster cooperation and 

coordination with persons engaged in 

facilitating transactions in securities, 

and remove impediments to and perfect 

the mechanism of a free and open 

market and national market system. 

OneChicago believes that providing 

guidance to its market participants 

regarding the reporting of bilateral 

trades allows market participants to 

engage in these types of trades with 

regulatory certainty. 

B. Self-Regulatory Organization’s 

Statement on Burden on Competition 

OneChicago does not believe that the 

proposed rule changes will impose any 

impact, or impose any burden, on 

competition not necessary or 

appropriate in furtherance of the 

purposes of the Act, in that the NTM 

simply provides guidance regarding 

how to comply with OCX’s bilateral 

block and bilateral EFP reporting rules. 

The rule change furthers competition by 

updating its bilateral block and bilateral 

EFP guidance to account for the various 

ways market participants engage in such 

trades. The Exchange believes that the 

proposed rule change is equitable and 

not unfairly discriminatory because all 

of the amended rules apply equally to 

all market participants. 

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 change will become 

operative on December 10, 2014. 

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.5

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– 

OC–2014–06 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–2014–06. 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– 

2014–06, and should be submitted on or 

before December 29, 2014. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.6

Kevin M. O’Neill, 

Deputy Secretary. 

[FR Doc. 2014–28642 Filed 12–5–14; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–73720; File No. SR– 

NYSEArca–2014–117] 

Self-Regulatory Organizations; NYSE 

Arca, Inc.; Notice of Designation of a 

Longer Period for Commission Action 

on a Proposed Rule Change To 

Remove the Exchange’s Quote 

Mitigation Plan as Provided by 

Commentary .03 to Exchange Rule 6.86 

December 2, 2014. 

On October 2, 2014, NYSE Arca, Inc., 

(‘‘NYSE Arca’’ or ‘‘Exchange’’) filed 

with the Securities and Exchange 

Commission (the ‘‘Commission’’), 

mstockstill on DSK4VPTVN1PROD with NOTICES

72748 Federal Register / Vol. 79, No. 235 / Monday, December 8, 2014 / Notices 

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

2 17 CFR 240.19b–4. 

3See Securities Exchange Act Release No. 73362 

(October 15, 2014), 79 FR 62983. 

4 15 U.S.C. 78s(b)(2). 

5 Id. 

6 17 CFR 200.30–3(a)(31). 

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

2 17 CFR 240.19b–4. 

3See Securities Exchange Act Release No. 73367 

(October 15, 2014), 79 FR 63009. 

4 15 U.S.C. 78s(b)(2). 

5 Id. 6 17 CFR 200.30–3(a)(31). 

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

Securities Exchange Act of 1934 

(‘‘Act’’) 1 and Rule 19b–4 thereunder,2 a 

proposed rule change to remove the 

Exchange’s quote mitigation plan as 

provided by Commentary .03 to NYSE 

Arca Rule 6.86. The proposed rule 

change was published for comment in 

the Federal Register on October 21, 

2014.3 The Commission received no 

comments on the proposed rule change. 

Section 19(b)(2) of the Act 4 provides 

that within 45 days of the publication of 

notice of the filing of a proposed rule 

change, or within such longer period up 

to 90 days as the Commission may 

designate if it finds such longer period 

to be appropriate and publishes its 

reasons for so finding or as to which the 

self-regulatory organization consents, 

the Commission shall either approve the 

proposed rule change, disapprove the 

proposed rule change, or institute 

proceedings to determine whether the 

proposed rule change should be 

disapproved. The 45th day for this filing 

is December 5, 2014. The Commission is 

extending this 45-day time period. 

The Commission finds it appropriate 

to designate a longer period within 

which to take action on the proposed 

rule change so that it has sufficient time 

to consider this proposed rule change. 

The proposed rule change, if approved, 

would remove the Exchange’s quote 

mitigation plan as provided by 

Commentary .03 to NYSE Arca Rule 

6.86. 

Accordingly, the Commission, 

pursuant to Section 19(b)(2) of the Act,5

designates January 19, 2015, as the date 

by which the Commission should either 

approve or disapprove, or institute 

proceedings to determine whether to 

disapprove, the proposed rule change 

(File No. SR–NYSEArca–2014–117). 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.6

Kevin M. O’Neill, 

Deputy Secretary. 

[FR Doc. 2014–28647 Filed 12–5–14; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–73718; File No. SR– 

NYSEMKT–2014–86] 

Self-Regulatory Organizations; NYSE 

MKT LLC.; Notice of Designation of a 

Longer Period for Commission Action 

on a Proposed Rule Change To 

Remove the Exchange’s Quote 

Mitigation Plan as Provided by Rule 

970.1NY 

December 2, 2014. 

On October 2, 2014, NYSE MKT LLC, 

(‘‘NYSE MKT’’ or ‘‘Exchange’’) filed 

with the Securities and Exchange 

Commission (the ‘‘Commission’’), 

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

Securities Exchange Act of 1934 

(‘‘Act’’) 1 and Rule 19b–4 thereunder,2 a 

proposed rule change to remove the 

Exchange’s quote mitigation plan as 

provided by 970.1NY. The proposed 

rule change was published for comment 

in the Federal Register on October 21, 

2014.3 The Commission received no 

comments on the proposed rule change. 

Section 19(b)(2) of the Act 4 provides 

that within 45 days of the publication of 

notice of the filing of a proposed rule 

change, or within such longer period up 

to 90 days as the Commission may 

designate if it finds such longer period 

to be appropriate and publishes its 

reasons for so finding or as to which the 

self-regulatory organization consents, 

the Commission shall either approve the 

proposed rule change, disapprove the 

proposed rule change, or institute 

proceedings to determine whether the 

proposed rule change should be 

disapproved. The 45th day for this filing 

is December 5, 2014. The Commission is 

extending this 45-day time period. 

The Commission finds it appropriate 

to designate a longer period within 

which to take action on the proposed 

rule change so that it has sufficient time 

to consider this proposed rule change. 

The proposed rule change, if approved, 

would remove the Exchange’s quote 

mitigation plan as provided by 

Exchange Rule 970.1NY. 

Accordingly, the Commission, 

pursuant to Section 19(b)(2) of the Act,5

designates January 19, 2015, as the date 

by which the Commission should either 

approve or disapprove, or institute 

proceedings to determine whether to 

disapprove, the proposed rule change 

(File No. SR–NYSEMKT–2014–86). 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.6

Kevin M. O’Neill, 

Deputy Secretary. 

[FR Doc. 2014–28645 Filed 12–5–14; 8:45 am] 

BILLING CODE 8011–01–P 

SMALL BUSINESS ADMINISTRATION 

[Docket Number: SBA–2014–0014] 

Franchise Agreement Reviews, 

Affiliation and Eligibility for Financial 

Assistance 

AGENCY: Small Business Administration. 

ACTION: Notice; request for comment. 

SUMMARY: The U.S. Small Business 

Administration (SBA) is re-examining 

the factors the agency considers relevant 

to the determination of ‘‘affiliation’’ 

between entities involved in a franchise 

or other similar business relationship 

(such as license, dealer, and jobber 

relationships), as well as the current 

processes for making such 

determinations in connection with 

SBA’s business loan programs. SBA also 

intends to evaluate issues related to the 

use of SBA’s Franchise Findings List 

and to the use of external resources 

(such as the Franchise Registry) that are 

available to assist with the 

determination of affiliation based on a 

franchise or similar business 

relationship. Such issues include the 

responsibility for choosing, approving 

and/or maintaining these resources and 

the process by which affiliation 

determinations are made available to the 

public. SBA is issuing this notice to 

solicit feedback from the public on these 

issues and related matters. 

DATES: Comments must be submitted on 

or before February 6, 2015. 

ADDRESSES: You may submit comments, 

identified by Docket Number: SBA– 

2014–0014, by any of the following 

methods: (1) Federal Rulemaking Portal: 

http://www.regulations.gov. Follow the 

instructions for submitting comments; 

or (2) Mail/Hand Delivery/Courier: U.S. 

Small Business Administration, Attn: 

Mary Frias, 409 Third Street SW., 8th 

Floor, Washington, DC 20416. SBA will 

post all comments to this notice on 

www.regulations.gov. If you wish to 

submit confidential business 

information (CBI) as defined in the User 

Notice at www.regulations.gov, you 

must submit such information to the 

U.S. Small Business Administration, 

mstockstill on DSK4VPTVN1PROD with NOTICES