Document ID: SEC-2015-1528-0001
Agency: sec
Document Type: Notice
Title: Self-Regulatory Organizations; Proposed Rule Changes: BATS Global Markets, Inc., BOX Options Exchange LLC, KCG Holdings, Inc., et al.
Posted Date: 2015-09-16T04:00Z

[Federal Register Volume 80, Number 179 (Wednesday, September 16, 2015)]
[Notices]
[Pages 55700-55701]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-23240]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 75885]

In the Matter of BATS Global Markets, Inc.; BOX Options Exchange 
LLC; KCG Holdings, Inc.; Miami International Securities Exchange, LLC; 
Susquehanna International Group, LLP; Order Granting Petitions for 
Review and Scheduling Filing of Statements

September 10, 2015.
    This matter comes before the Commission on petition to review the 
approval, through delegated authority, of the Options Clearing 
Corporation's (``OCC'') plan for raising additional capital (``Capital 
Plan'') to support its function as a systemically important financial 
market utility. On January 26, 2015, the Commission issued a notice of 
filing of the proposed rule change regarding the Capital Plan.\1\ After 
consideration of the record in the proposed rule change, the Division 
of Trading and Markets, for the Commission pursuant to delegated 
authority, issued an order approving

[[Page 55701]]

(``Approval Order'') the Capital Plan on March 6, 2015.\2\
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    \1\ Securities Exchange Act Release No. 74136 (January 26, 
2015), 80 FR 5171 (January 30, 2015) (SR-OCC-2015-02).
    \2\ Order Approving Proposed Rule Change Concerning a Proposed 
Capital Plan for Raising Additional Capital That Would Support the 
Options Clearing Corporation's Function as a Systemically Important 
Financial Market Utility, Securities Exchange Act Release No. 74452 
(March 6, 2015), 80 FR 13058 (March 12, 2015) (SR-OCC-2015-02). The 
Capital Plan was previously filed as an advance notice pursuant to 
Section 806(e)(1) of the Payment, Clearing, and Settlement 
Supervision Act of 2010. See 12 U.S.C. 5465(e)(1). The Commission 
issued a notice of no objection to the advance notice on February 
26, 2015. See Securities Exchange Act Release No. 74387 (February 
26, 2015), 80 FR 12215 (March 6, 2015) (SR-OCC-2014-813).
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    BATS Global Markets, Inc. (``BATS''), BOX Options Exchange LLC 
(``BOX''), KCG Holdings, Inc. (``KCG''), Miami International Securities 
Exchange, LLC (``MIAX''), and Susquehanna International Group, LLP 
(``SIG'') (collectively ``Petitioners'') each filed petitions for 
review of the Approval Order, challenging the action taken by delegated 
authority.\3\
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    \3\ Under Commission Rule of Practice 430 any aggrieved party 
may seek review of an action made by delegated authority. See 17 CFR 
201.430.
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    The Commission finds that the Petitioners are aggrieved by the 
Approval Order and pursuant to Rule 431 of the Rules of Practice, the 
Petitioners' petitions for review of the Approval Order are granted. 
Further, the Commission hereby establishes that any party or other 
person may file a written statement in support of or in opposition to 
the Approval Order on or before October 7, 2015. This will provide an 
opportunity for the Commission to receive additional comment and 
information to help it more fully assess the issues raised. The 
Commission has issued a separate order addressing the automatic 
stay.\4\
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    \4\ See Order Discontinuing the Automatic Stay, Securities 
Exchange Act Release No. 75886 (September 10, 2015).
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    For the reasons stated above, it is hereby:
    Ordered that the petitions of BATS, BOX, KCG, MIAX, and SIG for 
review of the staff's action in approving by delegated authority File 
No. SR-OCC-2015-02 \5\ are GRANTED; and
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    \5\ See supra note 2.
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    It is further ordered that any party or other person may file a 
statement in support of or in opposition to the action made pursuant to 
delegated authority on or before October 7, 2015.
    The order approving such proposed rule change shall remain in 
effect.

    By the Commission.
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2015-23240 Filed 9-15-15; 8:45 am]
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