80 FR 10732 - Sunshine Act Meeting

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 80, Issue 39 (February 27, 2015)

Page Range		10732-10733
FR Document		2015-04264

Federal Register, Volume 80 Issue 39 (Friday, February 27, 2015)

[Federal Register Volume 80, Number 39 (Friday, February 27, 2015)]
[Notices]
[Pages 10732-10733]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-04264]


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SECURITIES AND EXCHANGE COMMISSION


Sunshine Act Meeting

    Notice is hereby given, pursuant to the provisions of the 
Government in the Sunshine Act, Public Law 94-409, that the Securities 
and Exchange Commission Advisory Committee on Small and Emerging 
Companies will hold a public meeting on Wednesday, March 4, in Multi-
Purpose Room LL-006 at the Commission's headquarters, 100 F Street NE., 
Washington, DC.
    The meeting will begin at 9:30 a.m. (EDT) and will be open to the 
public. Seating will be on a first-come, first-served basis. Doors will 
open at 9:00 a.m. Visitors will be subject to security checks. The 
meeting will be webcast on the Commission's Web site at www.sec.gov.
    On February 17, 2015 the Commission published notice of the 
Committee meeting (Release No. 33-9724), indicating that the meeting is 
open to the public and inviting the public to submit written comments 
to the Committee. This Sunshine Act notice is being issued because a 
majority of the Commission may attend the meeting.
    The agenda for the meeting includes matters relating to rules and 
regulations affecting small and emerging companies under the federal 
securities laws.

[[Page 10733]]

    For further information, please contact the Office of the Secretary 
at (202) 551-5400.

    Dated: February 25, 2015.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2015-04264 Filed 2-25-15; 4:15 pm]
BILLING CODE 8011-01-P

10732 Federal Register / Vol. 80, No. 39 / Friday, February 27, 2015 / Notices

Office of Management and Budget under the PRA unless it displays a estimates of the burden of the proposed
(‘‘OMB’’) for extension and approval. currently valid OMB control number. collection of information; (c) ways to
Rule 17Ac2–2 and Form TA–2 require Please direct your written comments enhance the quality, utility, and clarity
registered transfer agents to file an to: Pamela Dyson, Director/Chief of the information to be collected; and
annual report of their business activities Information Officer, Securities and (d) ways to minimize the burden of the
with the Commission. These reporting Exchange Commission, c/o Remi Pavlik- collection of information on
requirements are designed to ensure that Simon, 100 F Street NE., Washington, respondents, including through the use
all registered transfer agents are DC 20549, or send an email to: PRA_ of automated collection techniques or
providing the Commission with Mailbox@sec.gov. other forms of information technology.
sufficient information on an annual Dated: February 23, 2015. Consideration will be given to
basis about the transfer agent Jill M. Peterson, comments and suggestions submitted in
community and to permit the writing within 60 days of this
Assistant Secretary.
Commission to effectively monitor publication.
[FR Doc. 2015–04064 Filed 2–26–15; 8:45 am]
business activities of transfer agents. An agency may not conduct or
BILLING CODE 8011–01–P
The amount of time needed to comply sponsor, and a person is not required to
with the requirements of amended Rule respond to, a collection of information
17Ac2–2 and Form TA–2 varies. Of the SECURITIES AND EXCHANGE under the PRA unless it displays a
total 429 registered transfer agents, COMMISSION currently valid OMB control number.
approximately 9.1% (or 39 registrants) Please direct your written comments
would be required to complete only Proposed Collection; Comment to: Pamela Dyson, Director/Chief
questions 1 through 3 and the signature Request Information Officer, Securities and
section of amended Form TA–2, which Exchange Commission, c/o Remi Pavlik-
the Commission estimates would take Upon Written Request, Copies Available Simon, 100 F Street NE., Washington,
each registrant approximately 30 From: Securities and Exchange DC 20549 or send an email to PRA_
minutes, for a total burden of 19.5 hours Commission, Office of FOIA Services, Mailbox@sec.gov.
(39 × .5 hours). Approximately 26.7% of 100 F Street NE., Washington, DC
Dated: February 23, 2015.
registrants (or 115 registrants) would be 20549–2736.
Jill M. Peterson,
required to answer questions 1 through Extension:
Assistant Secretary.
5, question 11 and the signature section, Rule 15g–6; SEC File No. 270–349, OMB
Control No. 3235–0395. [FR Doc. 2015–04063 Filed 2–26–15; 8:45 am]
which the Commission estimates would
take approximately 1 hour and 30 BILLING CODE 8011–01–P
Notice is hereby given that pursuant
minutes, for a total of 172.5 hours (115 to the Paperwork Reduction Act of 1995
× 1.5 hours). Approximately 64.2% of (‘‘PRA’’) (44 U.S.C. 3501 et seq.), the SECURITIES AND EXCHANGE
the registrants (or 275 registrants) would Securities and Exchange Commission COMMISSION
be required to complete the entire Form (‘‘Commission’’) is soliciting comments
TA–2, which the Commission estimates on the existing collection of information Sunshine Act Meeting
would take approximately 6 hours, for provided for in Rule 15g–6—Account
a total of 1,650 hours (275 × 6 hours). Statements for Penny Stock Notice is hereby given, pursuant to
The aggregate annual burden on all 429 Customers—(17 CFR 240.15g–6) under the provisions of the Government in the
registered transfer agents is thus the Securities Exchange Act of 1934 (15 Sunshine Act, Public Law 94–409, that
approximately 1,842 hours (19.5 hours + U.S.C. 78a et seq.). The Commission the Securities and Exchange
172.5 hours + 1,650 hours) and the plans to submit this existing collection Commission Advisory Committee on
average annual burden per transfer of information to the Office of Small and Emerging Companies will
agent is approximately 4.3 hours (1,842 Management and Budget (‘‘OMB’’) for hold a public meeting on Wednesday,
÷ 429). extension and approval. March 4, in Multi-Purpose Room LL–
Written comments are invited on: (a) Rule 15g–6 requires brokers and 006 at the Commission’s headquarters,
Whether the proposed collection of dealers that sell penny stocks to provide 100 F Street NE., Washington, DC.
information is necessary for the proper their customers monthly account The meeting will begin at 9:30 a.m.
performance of the functions of the statements containing information with (EDT) and will be open to the public.
Commission, including whether the regard to the penny stocks held in Seating will be on a first-come, first-
information shall have practical utility; customer accounts. The purpose of the served basis. Doors will open at 9:00
(b) the accuracy of the Commission’s rule is to increase the level of disclosure a.m. Visitors will be subject to security
estimates of the burden of the proposed to investors concerning penny stocks checks. The meeting will be webcast on
collection of information; (c) ways to generally and specific penny stock the Commission’s Web site at
enhance the quality, utility, and clarity transactions. www.sec.gov.
of the information on respondents; and The Commission estimates that On February 17, 2015 the Commission
(d) ways to minimize the burden of the approximately 221 broker-dealers will published notice of the Committee
collection of information on spend an average of 78 hours annually meeting (Release No. 33–9724),
respondents, including through the use to comply with this rule. Thus, the total indicating that the meeting is open to
of automated collection techniques or compliance burden is approximately the public and inviting the public to
mstockstill on DSK4VPTVN1PROD with NOTICES

other forms of information technology. 17,238 burden-hours per year. submit written comments to the
Consideration will be given to Written comments are invited on: (a) Committee. This Sunshine Act notice is
comments and suggestions submitted in Whether the proposed collection of being issued because a majority of the
writing within 60 days of this information is necessary for the proper Commission may attend the meeting.
publication. performance of the functions of the The agenda for the meeting includes
An agency may not conduct or agency, including whether the matters relating to rules and regulations
sponsor, and a person is not required to information shall have practical utility; affecting small and emerging companies
respond to, a collection of information (b) the accuracy of the agency’s under the federal securities laws.

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Federal Register / Vol. 80, No. 39 / Friday, February 27, 2015 / Notices 10733

For further information, please office of FINRA and at the with or submit in electronic format to
contact the Office of the Secretary at Commission’s Public Reference Room. FINRA, the compliance date for the
(202) 551–5400. electronic filing or submission, and the
II. Self-Regulatory Organization’s
Dated: February 25, 2015. requisite manner and format.5
Statement of the Purpose of, and
Jill M. Peterson, Statutory Basis for, the Proposed Rule Proposed FINRA Rule 4517(b):
Assistant Secretary. Change Executive Representative
[FR Doc. 2015–04264 Filed 2–25–15; 4:15 pm] In its filing with the Commission, Proposed FINRA Rule 4517(b) would
BILLING CODE 8011–01–P FINRA included statements concerning transfer without substantive change
the purpose of and basis for the NASD Rule 1150, the provision
proposed rule change and discussed any requiring that each member must
SECURITIES AND EXCHANGE comments it received on the proposed identify, review and, if necessary,
COMMISSION rule change. The text of these statements update its executive representative
[Release No. 34–74349; File No. SR–FINRA– may be examined at the places specified designation and contact information as
2015–004] in Item IV below. FINRA has prepared required by Article IV, Section 3 of the
summaries, set forth in sections A, B, NASD By-Laws in the manner
Self-Regulatory Organizations; and C below, of the most significant prescribed by NASD Rule 1160. The
Financial Industry Regulatory aspects of such statements. proposed rule would replace the
Authority, Inc.; Notice of Filing and references to the legacy NASD By-Laws
A. Self-Regulatory Organization’s
Immediate Effectiveness of a Proposed and rule with FINRA By-Laws and rule.
Statement of the Purpose of, and
Rule Change To Adopt FINRA Rule
Statutory Basis for, the Proposed Rule Proposed FINRA Rule 4517(c): Review
4517 (Member Filing and Contact
Change and Update of Contact Information
Information Requirements) in the
Consolidated FINRA Rulebook 1. Purpose Proposed FINRA Rule 4517(c) would
transfer without substantive changes the
February 23, 2015. As part of the process of developing
requirements of NASD Rule 1160
Pursuant to Section 19(b)(1) of the a new consolidated rulebook
(Contact Information Requirements).
Securities Exchange Act of 1934 (‘‘Consolidated FINRA Rulebook’’),4
The only changes to the proposed rule
(‘‘Act’’) 1 and Rule 19b–4 thereunder,2 FINRA is proposing to transfer NASD
text are minor editorial changes to
notice is hereby given that on February Rules 3170 (Mandatory Electronic Filing
reflect current nomenclature, and to
12, 2015, Financial Industry Regulatory Requirements), 1150 (Executive
assist and enhance readability. NASD
Authority, Inc. (‘‘FINRA’’) filed with the Representative), and NASD Rule 1160
Rule 1160 requires members to report
Securities and Exchange Commission (Contact Information Requirements) into
and update contact information to
(‘‘SEC’’ or ‘‘Commission’’) the proposed the Consolidated FINRA Rulebook as
FINRA via the ‘‘NASD Contact System
rule change as described in Items I, II, FINRA Rule 4517 (Member Filing and
or such other means as NASD may
and III below, of which Items I and II Contact Information Requirements)
specify,’’ and to promptly comply with
have been prepared by FINRA. FINRA without any substantive changes.
any FINRA request for the required
has designated the proposed rule change Proposed FINRA Rule 4517(a): contact information. Currently, NASD
as constituting a ‘‘non-controversial’’ Mandatory Electronic Filing Rule 1160 supports members’
rule change under paragraph (f)(6) of Requirements compliance with NASD Rule 1150
Rule 19b–4 under the Act,3 which (Executive Representative) and FINRA
Proposed FINRA Rule 4517(a) would
renders the proposal effective upon Rules 1250 (Continuing Education
transfer without substantive change
receipt of this filing by the Commission. Requirements), 3310.02 (Review of Anti-
NASD Rule 3170 (Mandatory Electronic
The Commission is publishing this Money Laundering Compliance Person
Filing Requirements) which requires
notice to solicit comments on the Information), and 4370 (Business
each member to file with or otherwise
proposed rule change from interested Continuity Plans and Emergency
submit to FINRA, in such electronic
persons. Contact Information), which all require
format as FINRA may require, all
I. Self-Regulatory Organization’s regulatory notices or other documents members to provide FINRA with
Statement of the Terms of Substance of required to be filed or otherwise designated contact person information.
the Proposed Rule Change submitted to FINRA, as specified by Proposed FINRA Rule 4517(c) would
FINRA. FINRA will advise firms via the require each member to report and
FINRA is proposing to adopt NASD update to FINRA all contact information
Rules 3170 (Mandatory Electronic Filing Regulatory Notice process or other
similar communication, as appropriate, applicable to the member that FINRA
Requirements), 1150 (Executive
Representative), and 1160 (Contact as to each regulatory notice or document 5 The proposed rule change does not affect any

Information Requirements) as FINRA that members will be required to file current filing or submission requirements issued
Rule 4517 (Member Filing and Contact pursuant to NASD Rule 3170, which remain
4 The current FINRA rulebook consists of (1) effective, subject to any future changes FINRA may
Information Requirements) without any FINRA Rules; (2) NASD Rules; and (3) rules make pursuant to proposed FINRA Rule 4517 once
substantive changes. FINRA also incorporated from NYSE (‘‘Incorporated NYSE the rule becomes effective. See, e.g., Notice to
proposes to update references and cross- Rules’’) (together, the NASD Rules and Incorporated Members 06–61 (November 2006) (announcing SEC
references within other FINRA rules NYSE Rules are referred to as the ‘‘Transitional approval of NASD Rule 3170 and specifying various
Rulebook’’). While the NASD Rules generally apply financial notices to which NASD Rule 3170 would
mstockstill on DSK4VPTVN1PROD with NOTICES

accordingly. to all FINRA members, the Incorporated NYSE apply), Regulatory Notice 08–67 (November 2008)
The text of the proposed rule change Rules apply only to those members of FINRA that (requiring electronic submission of, among other
is available on FINRA’s Web site at are also members of the NYSE (‘‘Dual Members’’). things, qualification examination waivers pursuant
http://www.finra.org, at the principal The FINRA Rules apply to all FINRA members, to NASD Rule 3170), and Regulatory Notice 11–46
unless such rules have a more limited application (October 2011) (requiring electronic submission of
by their terms. For more information about the annual audit reports pursuant to NASD Rule 3170).
1 15 U.S.C. 78s(b)(1). rulebook consolidation process, see Information See also Regulatory Notice 08–11 (March 2008)
2 17 CFR 240.19b–4. Notice, March 12, 2008 (Rulebook Consolidation (addressing frequently asked questions on NASD
3 17 CFR 240.19b–4(f)(6). Process). Rule 3170).

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Document Created: 2015-12-18 13:14:34
Document Modified: 2015-12-18 13:14:34

Category		Regulatory Information
Collection		Federal Register
sudoc Class		AE 2.7: GS 4.107: AE 2.106:
Publisher		Office of the Federal Register, National Archives and Records Administration
Section		Notices
FR Citation		80 FR 10732