Document ID: SEC-2016-1586-0001
Agency: sec
Document Type: Notice
Title: Self-Regulatory Organizations; Proposed Rule Changes: Options Clearing Corp.
Posted Date: 2016-09-06T04:00Z

[Federal Register Volume 81, Number 172 (Tuesday, September 6, 2016)]
[Notices]
[Page 61269]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-21257]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-78724; File No. SR-OCC-2016-004]

Self-Regulatory Organizations; The Options Clearing Corporation; 
Notice of Withdrawal of a Proposed Rule Change Related to the Adoption 
of an Options Exchange Risk Control Standards Policy

August 30, 2016.
    On March 4, 2016, The Options Clearing Corporation (``OCC'') filed 
with the Securities and Exchange Commission (``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 adopt a new 
Options Exchange Risk Control Standards Policy and revise its Schedule 
of Fees to impose on clearing members a fee of two cents per cleared 
options contract (per side) executed on an options exchange that did 
not demonstrate sufficient risk controls designed to meet the proposed 
set of principles-based risk control standards. The proposed rule 
change was published for comment in the Federal Register on March 18, 
2016.\3\ On April 27, 2016, the Commission designated a longer period 
within which to approve the proposed rule change, disapprove the 
proposed rule change, or institute proceedings to determine whether to 
approve or disapprove the proposed rule change.\4\ On June 13, 2016, 
the Commission issued an order instituting proceedings to determine 
whether to approve or disapprove the proposed rule change.\5\ The 
Commission received eight comment letters on the proposed rule 
change.\6\
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ See Securities Exchange Act Release No. 77358 (March 14, 
2016), 81 FR 14921 (March 18, 2016).
    \4\ See Securities Exchange Act Release No. 77720 (April 27, 
2016), 81 FR 26609 (May 3, 2016).
    \5\ See Securities Exchange Act Release No. 78056 (June 13, 
2016), 81 FR 39732 (June 17, 2016).
    \6\ See Letters from Mark Dehnert, Managing Director, Goldman 
Sachs & Co., and Kyle Czepiel, Co-Chief Executive Officer, Goldman 
Sachs Execution & Clearing, L.P., dated March 28, 2016, to 
Secretary, Commission; Lisa J. Fall, President, BOX Options 
Exchange, dated April 6, 2016, to Brent J. Fields, Secretary, 
Commission; James G. Lundy, Associate General Counsel, ABN AMRO 
Clearing Chicago LLC, dated April 8, 2016, to Brent J. Fields, 
Secretary, Commission; Ellen Greene, Managing Director, Securities 
Industry and Financial Markets Association, dated April 12, 2016, to 
Robert W. Errett, Deputy Secretary, Commission; Michael J. Simon, 
Secretary and General Counsel, International Securities Exchange, 
LLC, dated April 20, 2016, to Brent J. Fields, Secretary, 
Commission; Edward T. Tilly, Chief Executive Officer, Chicago Board 
Options Exchange, Inc., dated April 20, 2016, to Brent J. Fields, 
Secretary, Commission; OCC, dated June 13, 2016, to Brent J. Fields, 
Secretary, Commission; and Lisa J. Fall, President, BOX Options 
Exchange, dated June 21, 2016, to Brent J. Fields, Secretary, 
Commission.
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    On July 14, 2016, OCC filed a withdrawal of its proposed rule 
change (SR-OCC-2016-004) from consideration by the Commission. The 
Commission is hereby publishing notice of the withdrawal.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\7\
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    \7\ 17 CFR 200.30-3(a)(12).
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Robert W. Errett,
Deputy Secretary.
[FR Doc. 2016-21257 Filed 9-2-16; 8:45 am]
 BILLING CODE 8011-01-P