80 FR 46362 - Proposed Collection; Comment Request

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 80, Issue 149 (August 4, 2015)

Page Range		46362-46363
FR Document		2015-19013
Federal Register, Volume 80 Issue 149 (Tuesday, August 4, 2015)
[Federal Register Volume 80, Number 149 (Tuesday, August 4, 2015)]
[Notices]
[Pages 46362-46363]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-19013]


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SECURITIES AND EXCHANGE COMMISSION


Proposed Collection; 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:
    Rule 17Ad-4(b) & (c); SEC File No. 270-264, OMB Control No. 235-
0341.

    Notice is hereby given that pursuant to the Paperwork Reduction Act 
of 1995 (44 U.S.C. 3501 et seq.) the Securities and Exchange Commission 
(``Commission'') is soliciting comments on the existing collection of 
information provided for in the following rule: Rule 17Ad-4(b) & (c) 
under the Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.) 
(``Exchange Act''). The Commission plans to submit this existing 
collection of information to the

[[Page 46363]]

Office of Management and Budget (``OMB'') for extension and approval.
    Rule 17Ad-4(b) & (c) (17 CFR 240.17Ad-4) is used to document when 
transfer agents are exempt, or no longer exempt, from the minimum 
performance standards and certain recordkeeping provisions of the 
Commission's transfer agent rules. Pursuant to Rule 17Ad-4(b), if the 
Commission or the Office of the Comptroller of the Currency (``OCC'') 
is the appropriate regulatory authority (``ARA'') for an exempt 
transfer agent, that transfer agent is required to prepare and maintain 
in its possession a notice certifying that it is exempt from certain 
performance standards and recordkeeping and record retention provisions 
of the Commission's transfer agent rules. This notice need not be filed 
with the Commission or OCC. If the Board of Governors of the Federal 
Reserve System (``Fed'') or the Federal Deposit Insurance Corporation 
(``FDIC'') is the transfer agent's ARA, that transfer agent must 
prepare a notice and file it with the Fed or FDIC.
    Rule 17Ad-4(c) sets forth the conditions under which a registered 
transfer agent loses its exempt status. Once the conditions for 
exemption no longer exist, the transfer agent, to keep the appropriate 
regulatory authority (``ARA'') apprised of its current status, must 
prepare, and file if the ARA for the transfer agent is the Board of 
Governors of the Federal Reserve System (``BGFRS'') or the Federal 
Deposit Insurance Corporation (``FDIC''), a notice of loss of exempt 
status under paragraph (c). The transfer agent then cannot claim exempt 
status under Rule 17Ad-4(b) again until it remains subject to the 
minimum performance standards for non-exempt transfer agents for six 
consecutive months.
    ARAs use the information contained in the notices required by Rules 
17Ad-4(b) and 17Ad-4(c) to determine whether a registered transfer 
agent qualifies for the exemption, to determine when a registered 
transfer agent no longer qualifies for the exemption, and to determine 
the extent to which that transfer agent is subject to regulation.
    The Commission estimates that approximately 10 registered transfer 
agents each year prepare or file notices in compliance with Rules 17Ad-
4(b) and 17Ad-4(c). The Commission estimates that each such registered 
transfer agent spends approximately 1.5 hours to prepare or file such 
notices for an aggregate total annual burden of 15 hours (1.5 hours 
times 10 transfer agents).
    Written comments are invited on: (a) Whether the proposed 
collection of information is necessary for the proper performance of 
the functions of the Commission, including whether the information 
shall have practical utility; (b) the accuracy of the Commission's 
estimates of the burden of the proposed collection of information; (c) 
ways to enhance the quality, utility, and clarity of the information on 
respondents; 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.
    The Commission may not conduct or sponsor a collection of 
information unless it displays a currently valid control number. No 
person shall be subject to any penalty for failing to comply with a 
collection of information subject to the PRA that does not display a 
valid Office of Management and Budget control number.
    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: July 28, 2015.
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2015-19013 Filed 8-3-15; 8:45 am]
BILLING CODE 8011-01-P
46362 Federal Register / Vol. 80, No. 149 / Tuesday, August 4, 2015 / Notices

Internet Web site (http://www.sec.gov/ For the Commission, by the Division of Written comments are invited on: (a)
rules/sro.shtml). Copies of the Trading and Markets, pursuant to delegated Whether the proposed collection of
submission, all subsequent authority.26 information is necessary for the proper
amendments, all written statements Robert W. Errett, performance of the functions of the
with respect to the proposed rule Deputy Secretary. Commission, including whether the
change that are filed with the [FR Doc. 2015–18883 Filed 8–3–15; 8:45 am] information shall have practical utility;
Commission, and all written BILLING CODE 8011–01–P (b) the accuracy of the Commission’s
communications relating to the estimates of the burden of the proposed
proposed rule change between the collection of information; (c) ways to
Commission and any person, other than SECURITIES AND EXCHANGE enhance the quality, utility, and clarity
those that may be withheld from the COMMISSION of the information to be collected; and
public in accordance with the (d) ways to minimize the burden of the
Proposed Collection; Comment collection of information on
provisions of 5 U.S.C. 552, will be Request
available for Web site viewing and respondents, including through the use
printing in the Commission’s Public Upon Written Request, Copies Available of automated collection techniques or
Reference Room, 100 F Street NE., From: Securities and Exchange other forms of information technology.
Washington, DC 20549, on official Commission, Office of FOIA Services, Consideration will be given to
business days between the hours of 100 F Street NE., Washington, DC comments and suggestions submitted in
10:00 a.m. and 3:00 p.m. Copies of the 20549–2736. writing within 60 days of this
filing also will be available for Extension: publication.
inspection and copying at the principal Rule 17f–2(a), SEC File No. 270–34, OMB The Commission may not conduct or
office of the Exchange. All comments Control No. 3235–0034. sponsor a collection of information
received will be posted without change; unless it displays a currently valid OMB
Notice is hereby given that pursuant
the Commission does not edit personal control number. No person shall be
to the Paperwork Reduction Act of 1995
identifying information from subject to any penalty for failing to
(44 U.S.C. 3501 et seq.) (‘‘PRA’’), the
submissions. You should submit only comply with a collection of information
Securities and Exchange Commission
information that you wish to make subject to the PRA that does not display
(‘‘Commission’’) is soliciting comments
available publicly. All submissions on the existing collection of information a valid OMB control number. Please
should refer to File Number SR– provided for in Rule 17f–2(a) (17 CFR direct your written comments to:
NYSEArca-2015–50 and should be 240.17f–2(a)), under the Securities Pamela Dyson, Director/Chief
submitted on or before August 25, 2015. Exchange Act of 1934 (15 U.S.C. 78a et Information Officer, Securities and
seq.). The Commission plans to submit Exchange Commission, c/o Remi Pavlik-
V. Accelerated Approval of Proposed the existing collection of information to Simon, 100 F Street NE., Washington
Rule Change as Modified by the Office of Management and Budget DC 20549; or send an email to: PRA_
Amendment No. 1 (‘‘OMB’’) for extension and approval. Mailbox@sec.gov.
Rule 17f–2(a) (Fingerprinting Dated: July 28, 2015.
The Commission finds good cause to
approve the proposed rule change, as Requirements for Securities Robert W. Errett,
modified by Amendment No. 1, prior to Professionals) requires that securities Deputy Secretary.
the thirtieth day after the date of professionals be fingerprinted. This [FR Doc. 2015–19012 Filed 8–3–15; 8:45 am]
publication of notice in the Federal requirement serves to identify security- BILLING CODE 8011–01–P
Register. Amendment No. 1 risk personnel, to allow an employer to
supplements the proposed rule change make fully informed employment
by deleting references to investments decisions, and to deter possible SECURITIES AND EXCHANGE
that the Funds will not be utilizing and wrongdoers from seeking employment COMMISSION
clarifies that U.S. Exchange-listed and in the securities industry. Partners,
directors, officers, and employees of Proposed Collection; Comment
traded ADRs are included as ‘‘Other
exchanges, brokers, dealers, transfer Request
Investments’’ only with respect to the
Cambria Sovereign High Yield Bond agents, and clearing agencies are Upon Written Request, Copies Available
ETF. The Commission believes that this included. From: Securities and Exchange
The Commission staff estimates that
additional information provides clarity Commission, Office of FOIA Services,
approximately 4,500 respondents will
about the Funds’ permitted investments. 100 F Street NE., Washington, DC
submit an aggregate total 300,700 new
Accordingly, the Commission finds 20549–2736.
fingerprint cards each year or
good cause, pursuant to Section 19(b)(2) approximately 67 fingerprint cards per Extension:
of the Act,24 to approve the proposed year per registrant. The staff estimates Rule 17Ad–4(b) & (c); SEC File No. 270–
rule change, as modified by Amendment that the average number of hours 264, OMB Control No. 235–0341.
No. 1, on an accelerated basis. necessary to complete a fingerprint card Notice is hereby given that pursuant
VI. Conclusion is one-half hour. Thus, the total to the Paperwork Reduction Act of 1995
estimated annual burden is 150,350 (44 U.S.C. 3501 et seq.) the Securities
It is therefore ordered, pursuant to hours for all respondents (300,700 times and Exchange Commission
Section 19(b)(2) of the Act,25 that the one-half hour). The average internal (‘‘Commission’’) is soliciting comments
tkelley on DSK3SPTVN1PROD with NOTICES

proposed rule change (SR–NYSEArca- labor cost of compliance per hour is on the existing collection of information
2015–50), as modified by Amendment approximately $283. Therefore, the total provided for in the following rule: Rule
No. 1, be, and it hereby is, approved on estimated annual internal labor cost of 17Ad–4(b) & (c) under the Securities
an accelerated basis. compliance for all respondents is Exchange Act of 1934 (15 U.S.C. 78a et
$42,549,050 (150,350 times $283). seq.) (‘‘Exchange Act’’). The
24 15 U.S.C. 78s(b)(2). Commission plans to submit this
25 15 U.S.C. 78s(b)(2). 26 17 CFR 200.30–3(a)(12). existing collection of information to the

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Federal Register / Vol. 80, No. 149 / Tuesday, August 4, 2015 / Notices 46363

Office of Management and Budget Written comments are invited on: (a) by the Exchange. The Exchange has
(‘‘OMB’’) for extension and approval. Whether the proposed collection of designated this proposal as a ‘‘non-
Rule 17Ad–4(b) & (c) (17 CFR information is necessary for the proper controversial’’ proposed rule change
240.17Ad–4) is used to document when performance of the functions of the pursuant to Section 19(b)(3)(A) of the
transfer agents are exempt, or no longer Commission, including whether the Act 3 and Rule 19b–4(f)(6)(iii)
exempt, from the minimum information shall have practical utility; thereunder,4 which renders it effective
performance standards and certain (b) the accuracy of the Commission’s upon filing with the Commission. The
recordkeeping provisions of the estimates of the burden of the proposed Commission is publishing this notice to
Commission’s transfer agent rules. collection of information; (c) ways to solicit comments on the proposed rule
Pursuant to Rule 17Ad–4(b), if the enhance the quality, utility, and clarity change from interested persons.
Commission or the Office of the of the information on respondents; and
I. Self-Regulatory Organization’s
Comptroller of the Currency (‘‘OCC’’) is (d) ways to minimize the burden of the
Statement of the Terms of Substance of
the appropriate regulatory authority collection of information on
the Proposed Rule Change
(‘‘ARA’’) for an exempt transfer agent, respondents, including through the use
that transfer agent is required to prepare of automated collection techniques or The Exchange filed a proposal to
and maintain in its possession a notice other forms of information technology. amend Rule 11.11, Routing to Away
certifying that it is exempt from certain Consideration will be given to Trading Centers, to: (i) Delete references
performance standards and comments and suggestions submitted in to the ROOC routing option; and (ii)
recordkeeping and record retention writing within 60 days of this update routing options IOCM and ICMT
provisions of the Commission’s transfer publication. to reflect a recent proposed rule change
agent rules. This notice need not be The Commission may not conduct or by EDGX Exchange, Inc. (‘‘EDGX’’) in
filed with the Commission or OCC. If sponsor a collection of information which EDGX replaced the MidPoint
the Board of Governors of the Federal unless it displays a currently valid Match Order with the MidPoint Peg
Reserve System (‘‘Fed’’) or the Federal control number. No person shall be Order.5
Deposit Insurance Corporation (‘‘FDIC’’) subject to any penalty for failing to The text of the proposed rule change
is the transfer agent’s ARA, that transfer comply with a collection of information is available at the Exchange’s Web site
agent must prepare a notice and file it subject to the PRA that does not display at www.batstrading.com, at the
with the Fed or FDIC. a valid Office of Management and principal office of the Exchange, and at
Rule 17Ad–4(c) sets forth the Budget control number. the Commission’s Public Reference
conditions under which a registered Please direct your written comments Room.
transfer agent loses its exempt status. to: Pamela Dyson, Director/Chief
Information Officer, Securities and II. Self-Regulatory Organization’s
Once the conditions for exemption no
Exchange Commission, c/o Remi Pavlik- Statement of the Purpose of, and
longer exist, the transfer agent, to keep
Simon, 100 F Street NE., Washington, Statutory Basis for, the Proposed Rule
the appropriate regulatory authority
DC 20549, or send an email to: PRA_ Change
(‘‘ARA’’) apprised of its current status,
must prepare, and file if the ARA for the Mailbox@sec.gov. In its filing with the Commission, the
transfer agent is the Board of Governors Dated: July 28, 2015. Exchange included statements
of the Federal Reserve System Robert W. Errett, concerning the purpose of and basis for
(‘‘BGFRS’’) or the Federal Deposit Deputy Secretary. the proposed rule change and discussed
Insurance Corporation (‘‘FDIC’’), a any comments it received on the
[FR Doc. 2015–19013 Filed 8–3–15; 8:45 am]
notice of loss of exempt status under proposed rule change. The text of these
BILLING CODE 8011–01–P
paragraph (c). The transfer agent then statements may be examined at the
cannot claim exempt status under Rule places specified in Item IV below. The
17Ad–4(b) again until it remains subject SECURITIES AND EXCHANGE Exchange has prepared summaries, set
to the minimum performance standards COMMISSION forth in Sections A, B, and C below, of
for non-exempt transfer agents for six the most significant parts of such
consecutive months. [Release No. 34–75550; File No. SR–EDGA– statements.
ARAs use the information contained 2015–28]
(A) Self-Regulatory Organization’s
in the notices required by Rules 17Ad–
Self-Regulatory Organizations; EDGA Statement of the Purpose of, and
4(b) and 17Ad–4(c) to determine
Exchange, Inc.; Notice of Filing and Statutory Basis for, the Proposed Rule
whether a registered transfer agent
Immediate Effectiveness of a Proposed Change
qualifies for the exemption, to
Rule Change to Rule 11.11, Routing to 1. Purpose
determine when a registered transfer
Away Trading Centers
agent no longer qualifies for the
The Exchange proposes to amend
exemption, and to determine the extent July 29, 2015. Rule 11.11, Routing to Away Trading
to which that transfer agent is subject to Pursuant to Section 19(b)(1) of the Centers, to: (i) Delete references to the
regulation. Securities Exchange Act of 1934 (the ROOC routing option; and (ii) update
The Commission estimates that ‘‘Act’’),1 and Rule 19b–4 thereunder,2 routing options IOCM and ICMT to
approximately 10 registered transfer notice is hereby given that on July 21, reflect a recent proposed rule change by
agents each year prepare or file notices 2015, EDGA Exchange, Inc. (the EDGX in which EDGX replaced the
in compliance with Rules 17Ad–4(b) ‘‘Exchange’’ or ‘‘EDGA’’) filed with the MidPoint Match Order with the
tkelley on DSK3SPTVN1PROD with NOTICES

and 17Ad–4(c). The Commission Securities and Exchange Commission MidPoint Peg Order.6
estimates that each such registered (‘‘Commission’’) the proposed rule
transfer agent spends approximately 1.5 change as described in Items I and II 3 15 U.S.C. 78s(b)(3)(A).
hours to prepare or file such notices for below, which Items have been prepared 4 17 CFR 240.19b–4(f)(6)(iii).
an aggregate total annual burden of 15 5 See Securities Exchange Act Release No. 75479
hours (1.5 hours times 10 transfer 1 15 U.S.C. 78s(b)(1). (July 17, 2015) (SR–EDGX–2015–33).
agents). 2 17 CFR 240.19b–4. 6 See supra note 5.

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Document Created: 2015-12-18 14:51:38
Document Modified: 2015-12-18 14:51:38
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 46362