Document ID: SEC-2013-1768-0001
Agency: sec
Document Type: Notice
Title: Self-Regulatory Organizations; Proposed Rule Changes: NASDAQ OMX PHLX LLC
Posted Date: 2013-10-22T04:00Z

[Federal Register Volume 78, Number 204 (Tuesday, October 22, 2013)]
[Notices]
[Pages 62774-62775]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-24640]

-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-70630; File No. SR-Phlx-2013-96]

Self-Regulatory Organizations; NASDAQ OMX PHLX LLC; Notice of 
Filing and Immediate Effectiveness of Proposed Rule Change To Amend the 
Table of Contents of the Pricing Schedule

October 8, 2013.

    Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 
(``Act''),\1\ and Rule 19b-4 thereunder,\2\ notice is hereby given that 
on September 27, 2013, NASDAQ OMX PHLX LLC (``Phlx'' or ``Exchange'') 
filed with the Securities and Exchange Commission (``SEC'' or 
``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.
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
---------------------------------------------------------------------------

I. Self-Regulatory Organization's Statement of the Terms of the 
Substance of the Proposed Rule Change

    The Exchange proposes to amend the Table of Contents to its Pricing 
Schedule to refer to FLEX \3\ transaction fees which were inadvertently 
not added to the Table of Contents at the time the fees were adopted.
---------------------------------------------------------------------------

    \3\ The term ``FLEX option'' means a FLEX option contract that 
is traded subject to this Rule. Although FLEX options are generally 
subject to the rules in this section, to the extent that the 
provisions of this Rule are inconsistent with other applicable 
Exchange rules, this Rule takes precedence with respect to FLEX 
options. See Exchange Rule 1079.
---------------------------------------------------------------------------

    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
    The purpose of the proposed rule change is to amend the Table of 
Contents to include a reference to FLEX transaction fees within the 
Pricing Schedule. The Exchange adopted new FLEX transaction fee pricing 
in Section IV, entitled ``Other Transaction Fees,'' Part B of the 
Pricing Schedule in a previous rule change and inadvertently did not 
amend the Table of Contents to reflect the addition of that pricing to 
Section IV.\4\ The Exchange proposes to amend the Table of Contents to 
add the words ``FLEX Transaction Fees'' and also reletter Section IV, 
Part B, entitled ``Cancellation Fees,'' and Part C, entitled ``Options 
Regulatory Fee,'' as Parts C and D, respectively.
---------------------------------------------------------------------------

    \4\ See Securities Exchange Release Act No. 69548 (May 9, 2013), 
78 FR 28681 (May 15, 2013) (SR-Phlx-2013-49).
---------------------------------------------------------------------------

    The Table of Contents allows members to readily locate pricing 
within the Pricing Schedule. The Pricing Schedule is located on the 
Exchange's Web page.\5\ The Table of Contents contains hyperlinks which 
allow users to readily access the various portions of the Pricing 
Schedule with ease. By adding the words ``FLEX Transaction Fees'' to 
the Table of Contents, users will be able to click on this topic in the 
Table of Contents and be taken to that portion of the Pricing Schedule. 
The Exchange is not proposing any substantive amendments, but rather 
proposes to merely amend the contents of the Table of Contents.
---------------------------------------------------------------------------

    \5\ See http://nasdaqomxphlx.cchwallstreet.com.
---------------------------------------------------------------------------

2. Statutory Basis
    The Exchange believes that its proposal is consistent with Section 
6(b) of the Act \6\ in general, and furthers the objectives of Section 
6(b)(5) of the Act \7\ 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, 
by providing market participants an easy format to readily locate FLEX 
transaction fees, which may be applicable to them. The Exchange 
believes that correcting the Table of Contents provides greater clarity 
to the

[[Page 62775]]

Pricing Schedule as well as any easy means to access the FLEX 
transaction fees.
---------------------------------------------------------------------------

    \6\ 15 U.S.C. 78f(b).
    \7\ 15 U.S.C. 78f(b)(5).
---------------------------------------------------------------------------

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 as the amendment is non-
substantive and merely serves to add a reference to the Table of 
Contents which was inadvertently not amended in a prior rule change.

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

    Pursuant to Section 19(b)(3)(A) of the Act \8\ and Rule 19b-4(f)(3) 
\9\ thereunder, the Exchange has designated this proposal as one that 
is concerned solely with the administration of the self-regulatory 
organization, and therefore has become effective.
---------------------------------------------------------------------------

    \8\ 15 U.S.C. 78s(b)(3)(A).
    \9\ 17 CFR 240.19b-4(f)(3).
---------------------------------------------------------------------------

    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. 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-2013-96 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-2013-96. 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-Phlx-2013-96, and should be 
submitted on or before November 12, 2013.
---------------------------------------------------------------------------

    \10\ 17 CFR 200.30-3(a)(12).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\10\
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2013-24640 Filed 10-21-13; 8:45 am]
BILLING CODE 8011-01-P