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Proposed Rule Change by The Options Clearing Corporation to Reflect the Elimination of a Discount to the Clearing Fee Schedule; Release No. 34-71769; File No. SR-OCC-2014-05

OCC submitted this letter in further response to comments of market participants on our recent rule filing to eliminate an existing clearing fee discount. The proposal, which was filed with the SEC in March 2014, would reinstate OCC's permanent clearing fee schedule (Permanent Fee Schedule) for securities options and securities futures. The Permanent Fee Schedule became effective May 1, 2007. Subsequently, OCC has provided discounts to the Permanent Fee Schedule, known as a Discounted Fee Schedule. Elimination of the Discounted Fee Schedule is necessary and appropriate at this time to meet increased operating expenses and satisfy both existing requirements and pending regulatory changes that would require OCC to hold liquid net assets funded by equity sufficient to cover a minimum of six months' projected operating expenses.

This web site discusses exchange-traded options issued by The Options Clearing Corporation. No statement in this web site is to be construed as an endorsement, recommendation or solicitation to purchase or sell a security, or to provide investment advice. Options involve risk and are not suitable for all investors. Prior to buying or selling an option, a person must receive a copy of the disclosure document, Characteristics and Risks of Standardized Options. Individuals should not enter into option transactions until they have read and understood this document. To obtain copies, contact your broker, any exchange on which options are traded, or The Options Clearing Corporation, 125 S. Franklin Street, Suite 1200, Chicago, IL 60606 ([email protected]).