80_FR_38608 80 FR 38480 - Submission for OMB Review; Comment Request

80 FR 38480 - Submission for OMB Review; Comment Request

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 80, Issue 128 (July 6, 2015)

Page Range38480-38481
FR Document2015-16408

Federal Register, Volume 80 Issue 128 (Monday, July 6, 2015) 
[Federal Register Volume 80, Number 128 (Monday, July 6, 2015)]
[Notices]
[Pages 38480-38481]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-16408]


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SECURITIES AND EXCHANGE COMMISSION


Submission for OMB Review; Comment Request

    Upon Written Request, Copies Available From: Securities and 
Exchange Commission, Office of FOIA Services, 100 F Street NE., 
Washington, DC 20549-2736.

Extension:
    Form N-Q; OMB Control No. 3235-0578, SEC File No. 270-519.

    Notice is hereby given that, pursuant to the Paperwork Reduction 
Act of 1995 (44 U.S.C. 3501 et seq.) (``Paperwork Reduction Act''), the 
Securities and Exchange Commission (the ``Commission'') is soliciting 
comments on the collection of information summarized below. The 
Commission plans to submit this existing collection of information to 
the Office of Management and Budget for extension and approval.
    Form N-Q (17 CFR 249.332 and 274.130) is a reporting form used by 
registered management investment companies, other than small business 
investment companies registered on Form N-5 (``funds''), under Section 
30(b) of the Investment Company Act of 1940 (15 U.S.C. 80a-1 et seq.) 
(``Investment Company Act'') and Sections 13(a) or 15(d) of the 
Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.). Pursuant to 
Rule 30b1-5 under the Investment Company Act, funds are required to 
file quarterly reports with the Commission on Form N-Q not more than 60 
days after the close of the first and third quarters of each fiscal 
year containing their complete portfolio holdings. Additionally, fund 
management is required to evaluate the effectiveness of the fund's 
disclosure controls and procedures within the 90-day period prior to 
the filing of a report on Form N-Q, and such report must also be signed 
and certified by the fund's principal executive and financial officers.
    We estimate that there are 11,348 funds required to file reports on 
Form N-Q. Based on staff experience and conversations with industry 
representatives, we estimate that it takes approximately 26 hours per 
fund to prepare reports on Form N-Q annually. Accordingly, we estimate 
that the total annual burden associated with Form N-Q is 295,048 hours 
(26 hours per fund x 11,348 funds) per year.
    The estimates of average burden hours are made solely for the 
purposes of the Paperwork Reduction Act and are not derived from a 
comprehensive or even representative survey or study of the cost of 
Commission rules and forms. The collection of information under Form N-
Q is mandatory. The information provided by the form is not kept 
confidential. An agency may not conduct or sponsor, and a person is not 
required to respond to, a collection of

[[Page 38481]]

information unless it displays a currently valid control number.
    Written comments are invited on: (a) Whether the proposed 
collection of information is necessary for the proper performance of 
the functions of the agency, including whether the information will 
have practical utility; (b) the accuracy of the agency's estimate of 
the burden of the collection of information; (c) ways to enhance the 
quality, utility, and clarity of the information collected; and (d) 
ways to minimize the burden of the collection of information on 
respondents, including through the use of automated collection 
techniques or other forms of information technology. Consideration will 
be given to comments and suggestions submitted in writing within 60 
days of this publication.
    Please direct your written comments to Pamela Dyson, Director/Chief 
Information Officer, Securities and Exchange Commission, C/O Remi 
Pavlik-Simon, 100 F Street NE., Washington, DC 20549; or send an email 
to: [email protected].

    Dated: June 29, 2015.
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2015-16408 Filed 7-2-15; 8:45 am]
 BILLING CODE 8011-01-P

38480 Federal Register / Vol. 80, No. 128 / Monday, July 6, 2015 / Notices establishing a secure environment for Request.’’ Include in the request the full Services, 100 F Street NE., Washington, exchanging electronic information. name of the individual involved, his or DC 20549–2736. Physical access to the data system her current address, date and place of Extension: housed within the facility is controlled birth, notarized signature (or submitted Form N–Q; OMB Control No. 3235–0578, by Federal Information Processing with date and signature under penalty SEC File No. 270–519. Standards (FIPS) compliant access of perjury), and any other identifying controlled systems. The entire complex number or information which may be of Notice is hereby given that, pursuant is patrolled by security during non- assistance in locating the record. The to the Paperwork Reduction Act of 1995 business hours. The computer system requester shall also provide a return (44 U.S.C. 3501 et seq.) (‘‘Paperwork offers a high degree of resistance to address for transmitting the information. Reduction Act’’), the Securities and tampering and circumvention and limits Access requests shall be directed to the Exchange Commission (the data access to Board and contract staff System Manager listed above. ‘‘Commission’’) is soliciting comments on a need-to-know basis. Individuals’ on the collection of information CONTESTING RECORDS PROCEDURES: summarized below. The Commission ability to access and alter records within the system is controlled. All users of the Requesters shall direct their request to plans to submit this existing collection system of records are provided a unique the System Manager listed above, stating of information to the Office of user identification (ID) with personal clearly and concisely what information Management and Budget for extension identifiers. User IDs are consistent with is being contested, the reason for and approval. the above referenced role-based access contesting it, and the proposed Form N–Q (17 CFR 249.332 and privileges to maintain proper security of amendment to the information. Note 274.130) is a reporting form used by law enforcement and any other sensitive that the major part of this system is registered management investment information. In concert with access exempt from this requirement pursuant companies, other than small business controls, audit trails are used to record to 5 U.S.C. 552a(j)(2) and (k)(2). See investment companies registered on user and system activity within the ‘‘System Exempted from Certain Form N–5 (‘‘funds’’), under Section system and its associated applications. Provisions of the Act’’ below. 30(b) of the Investment Company Act of Paper records are maintained in file 1940 (15 U.S.C. 80a–1 et seq.) RECORD SOURCE CATEGORIES: cabinets which may be locked or in (‘‘Investment Company Act’’) and The subjects of investigations and Sections 13(a) or 15(d) of the Securities specified areas to which only authorized inquiries; individuals and entities with Exchange Act of 1934 (15 U.S.C. 78a et personnel have access. which the subjects of investigations and seq.). Pursuant to Rule 30b1–5 under the RETENTION AND DISPOSAL: inquiries are associated; federal, state, Investment Company Act, funds are Board personnel will review records local, and foreign law enforcement and required to file quarterly reports with on a periodic basis to determine non-law enforcement agencies and the Commission on Form N–Q not more whether they should be retained or entities; private citizens; witnesses; than 60 days after the close of the first modified. Further, the Board will retain informants; and public and/or and third quarters of each fiscal year and dispose of these records in commercially available source containing their complete portfolio accordance with Board Records Control materials. holdings. Additionally, fund Schedules approved by the National SYSTEM EXEMPTED FROM CERTAIN PROVISIONS management is required to evaluate the Archives and Records Administration. OF THE ACT: effectiveness of the fund’s disclosure The Board has exempted this system controls and procedures within the 90- SYSTEM MANAGER AND ADDRESS: from the following provisions of the day period prior to the filing of a report Executive Director, Recovery on Form N–Q, and such report must Privacy Act pursuant to the general Accountability and Transparency Board, also be signed and certified by the authority in 5 U.S.C. 552a(j)(2): 5 U.S.C. 1717 Pennsylvania Avenue NW., Suite fund’s principal executive and financial 552a(c)(3) and (c)(4); (d); (e)(1), (e)(2), 700, Washington, DC 20006. officers. (e)(3), (e)(4)(G)–(I), (e)(5), and (e)(8); (f); NOTIFICATION PROCEDURE: and (g). Additionally, the Board has We estimate that there are 11,348 Address inquiries to the System exempted this system from the funds required to file reports on Form Manager listed above. Note that the following provisions of the Privacy Act N–Q. Based on staff experience and major part of this system is exempt from pursuant to the general authority in 5 conversations with industry this requirement pursuant to 5 U.S.C. U.S.C. 552a(k)(2): 5 U.S.C. 552a(c)(3); representatives, we estimate that it takes 552a(j)(2) and (k)(2). See ‘‘System (d); (e)(1) and (e)(4)(G)–(H); and (f). approximately 26 hours per fund to Exempted from Certain Provisions of the Dated: June 16, 2015. prepare reports on Form N–Q annually. Act’’ below. Accordingly, we estimate that the total Kathleen S. Tighe, annual burden associated with Form N– RECORD ACCESS PROCEDURES: Chair, Recovery Accountability and Q is 295,048 hours (26 hours per fund Transparency Board. The major part of this system is × 11,348 funds) per year. [FR Doc. 2015–16462 Filed 7–2–15; 8:45 am] exempt from this requirement pursuant The estimates of average burden hours BILLING CODE 6821–15–P to 5 U.S.C. 552a(j)(2) and (k)(2). See are made solely for the purposes of the ‘‘System Exempted from Certain Paperwork Reduction Act and are not Provisions of the Act’’ below. To the derived from a comprehensive or even extent that this system is not subject to SECURITIES AND EXCHANGE representative survey or study of the COMMISSION Lhorne on DSK7TPTVN1PROD with NOTICES exemption, it is subject to access. A cost of Commission rules and forms. determination as to exemption shall be Submission for OMB Review; The collection of information under made at the time a request for access is Comment Request Form N–Q is mandatory. The received. A request for access to records information provided by the form is not contained in this system shall be made Upon Written Request, Copies kept confidential. An agency may not in writing, with the envelope and the Available From: Securities and conduct or sponsor, and a person is not letter clearly marked ‘‘Privacy Access Exchange Commission, Office of FOIA required to respond to, a collection of VerDate Sep<11>2014 14:37 Jul 02, 2015 Jkt 235001 PO 00000 Frm 00054 Fmt 4703 Sfmt 4703 E:\FR\FM\06JYN1.SGM 06JYN1

Federal Register / Vol. 80, No. 128 / Monday, July 6, 2015 / Notices 38481 information unless it displays a I. Self-Regulatory Organization’s listed options classes that are not yet currently valid control number. Statement of the Terms of Substance of included in the pilot, based on trading Written comments are invited on: (a) the Proposed Rule Change activity in the previous six months. The Whether the proposed collection of BX is filing with the Commission a replacement issues may be added to the information is necessary for the proper proposal to amend Chapter VI, Section pilot on the second trading day performance of the functions of the 5 (Minimum Increments) to extend following July 1, 2015 and January 1, agency, including whether the through June 30, 2016 or the date of [2015]2016. information will have practical utility; permanent approval, if earlier, the (4) No Change. (b) the accuracy of the agency’s estimate Penny Pilot Program in options classes (b) No Change. of the burden of the collection of in certain issues (‘‘Penny Pilot’’ or * * * * * information; (c) ways to enhance the ‘‘Pilot’’), and to change the date when The text of the proposed rule change quality, utility, and clarity of the delisted classes may be replaced in the is also available on the Exchange’s Web information collected; and (d) ways to Penny Pilot.3 site at http:// minimize the burden of the collection of The text of the amended Exchange nasdaqomxbx.cchwallstreet.com, at the information on respondents, including rule is set forth immediately below. principal office of the Exchange, and at through the use of automated collection Proposed new language is in italics the Commission’s Public Reference techniques or other forms of information and proposed deleted language is Room. technology. Consideration will be given [bracketed]. to comments and suggestions submitted II. Self-Regulatory Organization’s in writing within 60 days of this NASDAQ OMX BX Rules Statement of the Purpose of, and publication. Options Rules Statutory Basis for, the Proposed Rule Please direct your written comments * * * * * Change to Pamela Dyson, Director/Chief Information Officer, Securities and Chapter VI Trading Systems In its filing with the Commission, the Exchange Commission, C/O Remi Exchange included statements * * * * * concerning the purpose of and basis for Pavlik-Simon, 100 F Street NE., Washington, DC 20549; or send an email Sec. 5 Minimum Increments the proposed rule change and discussed to: PRA_Mailbox@sec.gov. any comments it received on the (a) The Board may establish minimum proposed rule change. The text of these Dated: June 29, 2015. quoting increments for options contracts statements may be examined at the Robert W. Errett, traded on BX Options. Such minimum places specified in Item IV below. The increments established by the Board Deputy Secretary. Exchange has prepared summaries, set will be designated as a stated policy, [FR Doc. 2015–16408 Filed 7–2–15; 8:45 am] forth in sections A, B, and C below, of practice, or interpretation with respect BILLING CODE 8011–01–P the most significant aspects of such to the administration of this Section statements. within the meaning of Section 19 of the Exchange Act and will be filed with the A. Self-Regulatory Organization’s SECURITIES AND EXCHANGE SEC as a rule change for effectiveness Statement of the Purpose of, and COMMISSION upon filing. Until such time as the Statutory Basis for, the Proposed Rule Board makes a change in the Change [Release No. 34–75326; File No. SR–BX– increments, the following principles 2015–037] 1. Purpose shall apply: (1)–(2) No Change. The purpose of this filing is to amend Self-Regulatory Organizations; (3) For a pilot period scheduled to NASDAQ OMX BX, Inc.; Notice of Filing Chapter VI, Section 5 to extend the expire on June 30, [2015]2016 or the Penny Pilot through June 30, 2016 or the and Immediate Effectiveness of a date of permanent approval, if earlier, if Proposed Rule Change Relating to date of permanent approval, if earlier, the options series is trading pursuant to and to change the date when delisted Extension of the Exchange’s Penny the Penny Pilot program one (1) cent if Pilot Program and Replacement of classes may be replaced in the Penny the options series is trading at less than Pilot. The Exchange believes that Penny Pilot Issues That Have Been $3.00, five (5) cents if the options series Delisted extending the Penny Pilot will allow for is trading at $3.00 or higher, unless for further analysis of the Penny Pilot and June 29, 2015. QQQQs, SPY and IWM where the a determination of how the program Pursuant to Section 19(b)(1) of the minimum quoting increment will be one should be structured in the future. Securities Exchange Act of 1934 cent for all series regardless of price. A Under the Penny Pilot, the minimum (‘‘Act’’),1 and Rule 19b–4 2 thereunder, list of such options shall be price variation for all participating notice is hereby given that on June 19, communicated to membership via an options classes, except for the Nasdaq- 2015, NASDAQ OMX BX, Inc. Options Trader Alert (‘‘OTA’’) posted on 100 Index Tracking Stock (‘‘QQQQ’’), (‘‘Exchange’’ or ‘‘BX’’) filed with the the Exchange’s Web site. the SPDR S&P 500 Exchange Traded Securities and Exchange Commission The Exchange may replace any pilot Fund (‘‘SPY’’) and the iShares Russell (‘‘SEC’’ or ‘‘Commission’’) the proposed issues that have been delisted with the 2000 Index Fund (‘‘IWM’’), is $0.01 for rule change as described in Items I and next most actively traded multiply all quotations in options series that are II, below, which Items have been quoted at less than $3 per contract and Lhorne on DSK7TPTVN1PROD with NOTICES 3 The Penny Pilot was established in June 2012 prepared by the Exchange. The and extended in 2014. See Securities Exchange Act $0.05 for all quotations in options series Commission is publishing this notice to Release Nos. 67256 (June 26, 2012), 77 FR 39277 that are quoted at $3 per contract or solicit comments on the proposed rule (July 2, 2012) (SR–BX–2012–030) (order approving greater. QQQQ, SPY and IWM are change from interested persons. BX option rules and establishing Penny Pilot); and quoted in $0.01 increments for all 73689 (November 25, 2014), 79 FR 71488 (December 2, 2014) (SR–BX–2014–057) (notice of options series. The Penny Pilot is 1 15 U.S.C. 78s(b)(1). filing and immediate effectiveness extending the currently scheduled to expire on June 2 17 CFR 240.19b–4. Penny Pilot through June 30, 2015). 30, 2015. VerDate Sep<11>2014 14:37 Jul 02, 2015 Jkt 235001 PO 00000 Frm 00055 Fmt 4703 Sfmt 4703 E:\FR\FM\06JYN1.SGM 06JYN1


Document Created: 2015-12-15 13:17:24
Document Modified: 2015-12-15 13:17:24
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
FR Citation80 FR 38480 
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