80 FR 23307 - Sunshine Act Meeting.

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 80, Issue 80 (April 27, 2015)

Page Range		23307-23308
FR Document		2015-09789

Federal Register, Volume 80 Issue 80 (Monday, April 27, 2015)

[Federal Register Volume 80, Number 80 (Monday, April 27, 2015)]
[Notices]
[Pages 23307-23308]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-09789]


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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 will hold an Open Meeting on Wednesday, April 
29, 2015 at 10:00 a.m., in the Auditorium, Room L-002.
    The subject matter of the Open Meeting will be:
     The Commission will consider whether to propose amendments 
and re-propose a rule under the Securities Exchange Act of 1934 
(``Exchange Act'') governing the application of certain Title VII 
requirements to security-based swap transactions connected with a non-
U.S. person's dealing activity that are arranged, negotiated, or 
executed by personnel located in a U.S. branch or office or in a U.S. 
branch or office of an agent.
     The Commission will consider whether to propose amendments 
under Section 14(i) of the Exchange Act, as added by Section 953(a) of 
the Dodd-Frank Wall Street Reform and Consumer Protection Act, 
requiring registrants to disclose in a clear manner the relationship 
between executive compensation actually paid and the financial 
performance of the registrant.
    At times, changes in Commission priorities require alterations in 
the scheduling of meeting items.
    For further information and to ascertain what, if any, matters have 
been added, deleted, or postponed, please contact: The Office of the 
Secretary at (202) 551-5400.


[[Page 23308]]


    Dated: April 22, 2015.
Brent J. Fields,
Secretary.
[FR Doc. 2015-09789 Filed 4-23-15; 11:15 am]
BILLING CODE 8011-01-P

Federal Register / Vol. 80, No. 80 / Monday, April 27, 2015 / Notices 23307

For the Nuclear Regulatory Commission. the quality, utility, and clarity of the earn the amount of the allowance. The
Tremaine Donnell, information to be collected; and (d) reporting requirements are specified in
NRC Clearance Officer, Office of Information ways to minimize the burden related to 20 CFR 209.14.
Services. the collection of information on In order to calculate and provide
[FR Doc. 2015–09718 Filed 4–24–15; 8:45 am] respondents, including the use of payments, the Railroad Retirement
BILLING CODE 7590–01–P automated collection techniques or Board (RRB) must collect and maintain
other forms of information technology. records of separation allowances and
Title and purpose of information severance payments which were subject
RAILROAD RETIREMENT BOARD collection: Railroad Separation to Tier II taxation from railroad
Allowance or Severance Pay Report; employers. The RRB uses Form BA–9,
Proposed Collection; Comment OMB 3220–0173. Report of Separation Allowance or
Request Section 6 of the Railroad Retirement Severance Pay, to obtain information
Summary: In accordance with the Act provides for a lump-sum payment to from railroad employers concerning the
requirement of Section 3506 (c)(2)(A) of an employee or the employee’s separation allowances and severance
the Paperwork Reduction Act of 1995 survivors equal to the Tier II taxes paid payments made to railroad employees
which provides opportunity for public by the employee on a separation and/or the survivors of railroad
comment on new or revised data allowance or severance payment for employees. Employers currently have
collections, the Railroad Retirement which the employee did not receive the option of submitting their reports on
Board (RRB) will publish periodic credits toward retirement. The lump- paper Form BA–9, (or in like format) on
summaries of proposed data collections. sum is not payable until retirement a CD–ROM disk, or by File Transfer
Comments are invited on: (a) Whether benefits begin to accrue or the employee Protocol (FTP), or secure Email.
the proposed information collection is dies. Also, Section 4 (a–1)(iii) of the Completion is mandatory. One response
necessary for the proper performance of Railroad Unemployment Insurance Act is requested of each respondent. The
the functions of the agency, including provides that a railroad employee who RRB proposes the implementation of an
whether the information has practical is paid a separation allowance is Internet equivalent version of Form BA–
utility; (b) the accuracy of the RRB’s disqualified for unemployment and 9 that can be submitted through the
estimate of the burden of the collection sickness benefits for the period of time RRB’s Employer Reporting System
of the information; (c) ways to enhance the employee would have to work to (ERS). No other changes are proposed.

ESTIMATE OF ANNUAL RESPONDENT BURDEN
[The estimated annual respondent burden is as follows]

Annual Time Burden
Form number responses (minutes) (hours)

BA–9 (Paper) ............................................................................................................................... 100 76 127
BA–9 (Internet) ............................................................................................................................ 215 15 54
BA–9 (CD–ROM) ......................................................................................................................... 10 76 13
BA–9 (secure Email) .................................................................................................................... 25 76 32
BA–9 (FTP) .................................................................................................................................. 10 76 13

Total ...................................................................................................................................... 360 ........................ 239

Additional Information or Comments: SECURITIES AND EXCHANGE office or in a U.S. branch or office of an
To request more information or to COMMISSION agent.
obtain a copy of the information • The Commission will consider
collection justification, forms, and/or Sunshine Act Meeting. whether to propose amendments under
supporting material, contact Dana Section 14(i) of the Exchange Act, as
Hickman at (312) 751–4981 or Notice is hereby given, pursuant to
added by Section 953(a) of the Dodd-
Dana.Hickman@RRB.GOV. Comments the provisions of the Government in the
Sunshine Act, Public Law 94–409, that Frank Wall Street Reform and Consumer
regarding the information collection Protection Act, requiring registrants to
should be addressed to Charles the Securities and Exchange
Commission will hold an Open Meeting disclose in a clear manner the
Mierzwa, Railroad Retirement Board, relationship between executive
844 North Rush Street, Chicago, Illinois on Wednesday, April 29, 2015 at 10:00
a.m., in the Auditorium, Room L–002. compensation actually paid and the
60611–2092 or emailed to financial performance of the registrant.
Charles.Mierzwa@RRB.GOV. Written The subject matter of the Open
Meeting will be: At times, changes in Commission
comments should be received within 60
priorities require alterations in the
days of this notice. • The Commission will consider scheduling of meeting items.
Charles Mierzwa,
whether to propose amendments and re-
propose a rule under the Securities For further information and to
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Chief of Information Resources Management. ascertain what, if any, matters have been
Exchange Act of 1934 (‘‘Exchange Act’’)
[FR Doc. 2015–09682 Filed 4–24–15; 8:45 am]
governing the application of certain added, deleted, or postponed, please
BILLING CODE 7905–01–P Title VII requirements to security-based contact: The Office of the Secretary at
swap transactions connected with a (202) 551–5400.
non-U.S. person’s dealing activity that
are arranged, negotiated, or executed by
personnel located in a U.S. branch or

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23308 Federal Register / Vol. 80, No. 80 / Monday, April 27, 2015 / Notices

Dated: April 22, 2015. A. Self-Regulatory Organization’s procedures submitted by market makers
Brent J. Fields, Statement of the Purpose of, and that will be conducting Other Business
Secretary. Statutory Basis for, the Proposed Rule Activities,7 ISE Gemini’s ongoing
[FR Doc. 2015–09789 Filed 4–23–15; 11:15 am]
Change surveillances for manipulative conduct,
and FINRA’s exam program that reviews
BILLING CODE 8011–01–P 1. Purpose
such members [sic] compliance with
The Exchange is proposing to amend such policies and procedures, should
its Rules 810 (Limitations on Dealings) provide a regulatory framework that
SECURITIES AND EXCHANGE and 717 (Limitations on Orders) guards customer interests and protects
COMMISSION governing information barriers. against the misuse of material nonpublic
Specifically, the Exchange is proposing information, while increasing the
[Release No. 34–74771; File No. SR–ISE to amend the portion of the rules that operational flexibility of ISE Gemini’s
Gemini–2015–10) address the limitation on the flow of members. ISE Gemini notes that nothing
information between a member’s in this proposed rule change would
Self-Regulatory Organizations; ISE Electronic Access Member (‘‘EAM’’) relieve members of their best execution
Gemini, LLC; Notice of Filing and unit, which handles the customer/ obligation to obtain the most favorable
Immediate Effectiveness of Proposed agency side of the business, and its terms reasonably available for customer
Rule Change Amending Its Information affiliated Primary Market Maker orders. As a national securities
Barrier Rules (‘‘PMM’’) and/or Competitive Market exchange, ISE Gemini has a
April 21, 2015. Maker (‘‘CMM’’) (jointly, ‘‘market comprehensive surveillance program to
makers’’) unit, which handles the monitor member compliance with
Pursuant to Section 19(b)(1) of the proprietary side of the business. applicable rules and regulations,
Securities Exchange Act of 1934 (the The International Securities including best execution. The Exchange
‘‘Act’’),1 and Rule 19b–4 thereunder,2 Exchange, LLC (‘‘ISE’’) recently will continue to monitor for
notice is hereby given that on April 9, amended its Rule 810 to allow EAMs to abnormalities in interaction rates
2015 ISE Gemini, LLC (the ‘‘Exchange’’ know where and at what price its between members, and investigate and
or the ‘‘ISE Gemini’’) filed with the affiliated market makers are either take appropriate regulatory action
Securities and Exchange Commission quoting or have orders on the order against members that fail to comply
(the ‘‘Commission’’) the proposed rule book 3 and to use that information to with their best execution obligations.
change, as described in Items I, II, and influence their routing decisions.4 As With this proposed rule change, the
III below, which items have been such, an EAM may route an order that EAM unit of a member will only have
prepared by the self-regulatory it is handling on an agency basis to the access to orders and quotes that are
organization. The Commission is ISE where its affiliated market maker is publicly available to all market
publishing this notice to solicit either quoting or has an order on the participants. The proposed rule change
comments on the proposed rule change order book so that the two orders will not permit the EAM unit of a
from interested persons. immediately interact. ISE Gemini is now member to have access to any non-
I. Self-Regulatory Organization’s proposing to adopt the same change. public order or quote information of the
Statement of the Terms of Substance of The proposal is designed to be affiliated market maker, including
the Proposed Rule Change consistent with the protections against hidden or undisplayed size or price
the misuse of material nonpublic information of such orders and quotes.
ISE Gemini is proposing to amend its information,5 [sic] should be able to Market makers are not allowed to post
Rules 810 (Limitations on Dealings) and consider the outstanding quotes of their hidden or undisplayed orders and
717 (Limitations on Orders). The text of affiliated marker [sic] maker units for quotes on the Exchange. Additionally,
the proposed rule change is available on the purposes of calculating net positions members do not expect to receive any
the Exchange’s Web site (http:// and making routing decisions to additional order or quote information as
www.ise.com), at the principal office of increase the member’s interaction rate a result of this proposed rule change.
the Exchange, and at the Commission’s between its EAM unit and affiliated ISE Gemini Rule 717(d) and (e)
Public Reference Room. market making unit(s). This proposal, in requires members to expose certain
tandem with existing ISE Gemini orders entered on the limit order book
II. Self-Regulatory Organization’s conduct rules,6 ISE Gemini’s review and for at least one second before executing
Statement of the Purpose of, and approval of the information barrier them as principal or against orders that
Statutory Basis for, the Proposed Rule were solicited from other broker-dealers.
Change 3 According to Rule 805(b)(1)(i) and (ii) market
This requirement applies when the
makers may only have orders on the order book in
In its filing with the Commission, the option classes to which they are not appointed.
EAM is handling both sides of a trade
self-regulatory organization included 4 See Securities Exchange Act Release No. 74521 and not when an EAM is handling a
statements concerning the purpose of, (March 7, 2015), 80 FR 15262 (March 23, 2015) (SR– marketable order as agent and is routing
and basis for, the proposed rule change ISE–2014–43). that order to execute against a quote/
5 See, e.g., 15 U.S.C. 78o(g). Section 15(g) of the
and discussed any comments it received order resting on the order book.
Securities and Exchange Act of 1934 (the ‘‘Act’’)
on the proposed rule change. The text requires every broker or dealer to ‘‘establish,
Accordingly, when customer order(s)
of these statements may be examined at maintain, and enforce written policies and that an EAM is handling as agent
the places specified in Item IV below. procedures reasonably designed, taking into
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consideration the nature of such broker’s or dealer’s 7 ISE Rule 810 defines ‘‘Other Business
The self-regulatory organization has business, to prevent the misuse. . .of material, Activities’’ as meaning, (1) conducting an
prepared summaries, set forth in nonpublic information by such broker or dealer or investment or banking or public securities business;
sections A, B and C below, of the most any person associated with such broker or dealer.’’ (2) making markets in the stocks underlying the
6 See, e.g., ISE Rules 400 (Just and Equitable options in which it makes markets; (3) handling
significant aspects of such statements.
Principles of Trade), 401 (Adherence to Law), 405 listed options orders as agent on behalf of Public
(Manipulation), 408 (Prevention of the Misuse of Customers or broker-dealers; or (4) conducting non-
1 15 U.S.C. 78s(b)(1). Material, Nonpublic Information) and 713 (Priority market making proprietary listed options trading
2 17 CFR 240.19b–4. of Quotes and Orders). activities.

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Document Created: 2015-12-16 08:29:56
Document Modified: 2015-12-16 08:29:56

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 23307