80 FR 49285 - Proposed Collection; Comment Request

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 80, Issue 158 (August 17, 2015)

Page Range		49285-49286
FR Document		2015-20159

Federal Register, Volume 80 Issue 158 (Monday, August 17, 2015)

[Federal Register Volume 80, Number 158 (Monday, August 17, 2015)]
[Notices]
[Pages 49285-49286]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-20159]


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SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-101, OMB Control No. 3235-0082]


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: Form 11-K.

    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 collection of 
information summarized below. The Commission plans to submit this 
existing collection of information to the Office of Management Budget 
for extension and approval.
    Form 11-K (17 CFR 249.311) is the annual report designed for use by 
employee stock purchase, savings and similar plans to comply with the 
reporting requirements under Section 15(d) of the Securities and 
Exchange Act of 1934 (the ``Exchange Act'') (15 U.S.C. 78o(d)). Section 
15(d) establishes a periodic reporting obligation for every issuer of a 
class of securities registered under the Securities Act of 1933 (the 
``Securities Act'') (15 U.S.C. 77a et seq.). Form 11-K provides 
employees of an issuer with financial information so that they can 
assess the performance of the investment vehicle or stock plan. Form 
11-K takes approximately 30 burden hours per response and is filed by 
1,761 respondents for total of 52,830 burden hours.
    Written comments are invited on: (a) Whether this 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 imposed by 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 collections 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, Chief 
Information Officer, Securities and Exchange Commission, c/o Remi 
Pavlik-Simon,

[[Page 49286]]

100 F Street NE., Washington, DC 20549; or send an email to: 
[email protected].

    August 11, 2015.
Brent J. Fields,
Secretary.
[FR Doc. 2015-20159 Filed 8-14-15; 8:45 am]
 BILLING CODE 8011-01-P

Federal Register / Vol. 80, No. 158 / Monday, August 17, 2015 / Notices 49285

transaction, including the consideration ‘‘Exchange’’) filed with the Securities SECURITIES AND EXCHANGE
to be paid or received, are reasonable and Exchange Commission (the COMMISSION
and fair and do not involve ‘‘Commission’’), pursuant to Section
[SEC File No. 270–101, OMB Control No.
overreaching on the part of any person 19(b)(1) 1 of the Securities Exchange Act 3235–0082]
concerned, and the proposed of 1934 (the ‘‘Act’’) 2 and Rule 19b–4
transaction is consistent with the thereunder,3 a proposed rule change to Proposed Collection; Comment
policies of the registered investment amend the Eighth Amended and Request
company and the general purposes of Restated Operating Agreement of the
the Act. Section 12(d)(1)(J) of the Act Upon Written Request Copies Available
Exchange to establish a Regulatory
provides that the Commission may From: Securities and Exchange
Oversight Committee as a Committee of Commission, Office of FOIA Services,
exempt any person, security, or the Board of Directors of the Exchange
transaction, or any class or classes of 100 F Street NE., Washington, DC
and make certain conforming 20549–2736.
persons, securities or transactions, from
amendments to Exchange Rules. The
any provision of section 12(d)(1) if the Extension: Form 11–K.
proposed rule change was published for
exemption is consistent with the public Notice is hereby given that, pursuant
interest and the protection of investors. comment in the Federal Register on
June 30, 2015.4 The Commission has to the Paperwork Reduction Act of 1995
7. Applicants submit that for the (44 U.S.C. 3501 et seq.), the Securities
reasons stated in the Reference Order: received no comment letters on the
proposed rule change. and Exchange Commission
(1) With respect to the relief requested (‘‘Commission’’) is soliciting comments
pursuant to section 6(c) of the Act, the Section 19(b)(2) of the Act 5 provides on the collection of information
relief is appropriate, in the public that, within 45 days of the publication summarized below. The Commission
interest and consistent with the of notice of the filing of a proposed rule plans to submit this existing collection
protection of investors and the purposes change, or within such longer period up of information to the Office of
fairly intended by the policy and to 90 days as the Commission may Management Budget for extension and
provisions of the Act; (2) with respect to designate if it finds such longer period approval.
the relief request pursuant to section to be appropriate and publishes its Form 11–K (17 CFR 249.311) is the
17(b) of the Act, the proposed reasons for so finding or as to which the annual report designed for use by
transactions are reasonable and fair and self-regulatory organization consents, employee stock purchase, savings and
do not involve overreaching on the part the Commission shall either approve the similar plans to comply with the
of any person concerned, are consistent proposed rule change, disapprove the reporting requirements under Section
with the policies of each registered proposed rule change, or institute 15(d) of the Securities and Exchange Act
investment company concerned and of 1934 (the ‘‘Exchange Act’’) (15 U.S.C.
proceedings to determine whether the
consistent with the general purposes of 78o(d)). Section 15(d) establishes a
proposed rule change should be
the Act; and (3) with respect to the relief periodic reporting obligation for every
requested pursuant to section 12(d)(1)(J) disapproved. The Commission is
extending this 45-day time period. The issuer of a class of securities registered
of the Act, the relief is consistent with under the Securities Act of 1933 (the
the public interest and the protection of Commission finds that it is appropriate
to designate a longer period within ‘‘Securities Act’’) (15 U.S.C. 77a et seq.).
investors. Form 11–K provides employees of an
which to take action on the proposed
By the Division of Investment
rule change so that it has sufficient time issuer with financial information so that
Management, pursuant to delegated they can assess the performance of the
authority. to consider the proposed rule change.
investment vehicle or stock plan. Form
Robert W. Errett Accordingly, the Commission, 11–K takes approximately 30 burden
Deputy Secretary. pursuant to Section 19(b)(2) of the Act,6 hours per response and is filed by 1,761
[FR Doc. 2015–20160 Filed 8–14–15; 8:45 am] designates September 28, 2015, as the respondents for total of 52,830 burden
BILLING CODE 8011–01–P date by which the Commission shall hours.
either approve or disapprove or institute Written comments are invited on: (a)
proceedings to determine whether to Whether this proposed collection of
SECURITIES AND EXCHANGE disapprove the proposed rule change information is necessary for the proper
COMMISSION (File Number SR–NYSE–2015–27). performance of the functions of the
agency, including whether the
[Release No. 34–75659; File No. SR–NYSE– For the Commission, by the Division of
2015–27]
information will have practical utility;
Trading and Markets, pursuant to delegated
(b) the accuracy of the agency’s estimate
authority.7
Self-Regulatory Organizations; New of the burden imposed by the collection
Brent J. Fields, of information; (c) ways to enhance the
York Stock Exchange LLC;
Designation of a Longer Period for Secretary. quality, utility, and clarity of the
Commission Action on a Proposed [FR Doc. 2015–20154 Filed 8–14–15; 8:45 am] information collected; and (d) ways to
Rule Change Amending the Eighth BILLING CODE 8011–01–P minimize the burden of the collections
Amended and Restated Operating of information on respondents,
Agreement of the Exchange To including through the use of automated
Establish a Regulatory Oversight collection techniques or other forms of
mstockstill on DSK4VPTVN1PROD with NOTICES

Committee as a Committee of the 1 15 U.S.C. 78s(b)(1). information technology. Consideration
Board of Directors of the Exchange 2 15 U.S.C. 78a. will be given to comments and
and Make Certain Conforming 3 17 CFR 240.19b–4. suggestions submitted in writing within
Amendments to Exchange Rules 4 See Securities Exchange Act Release No. 75288 60 days of this publication.
(June 24, 2015), 80 FR 37316. Please direct your written comments
August 11, 2015. 5 15 U.S.C. 78s(b)(2). to Pamela Dyson, Chief Information
On June 12, 2015, New York Stock 6 Id. Officer, Securities and Exchange
Exchange LLC (‘‘NYSE’’ or the 7 17 CFR 200.30–3(a)(31). Commission, c/o Remi Pavlik-Simon,

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49286 Federal Register / Vol. 80, No. 158 / Monday, August 17, 2015 / Notices

100 F Street NE., Washington, DC places specified in Item IV below. The NASDAQ is relocating its Disaster
20549; or send an email to: PRA_ Exchange has prepared summaries, set Recovery (‘‘DR’’) location for the U.S.
Mailbox@sec.gov. forth in sections A, B, and C below, of equities and options markets from
August 11, 2015. the most significant parts of such Ashburn, VA to its new Chicago, IL data
Brent J. Fields, statements. center beginning in August 2015 with
Secretary. A. Self-Regulatory Organization’s completion of the move expected on
Statement of the Purpose of, and November 9, 2015. NASDAQ has
[FR Doc. 2015–20159 Filed 8–14–15; 8:45 am]
Statutory Basis for, the Proposed Rule invested and installed new equipment
BILLING CODE 8011–01–P
Change in this data center for client
connectivity and for the infrastructure
1. Purpose of Exchange systems. NASDAQ has
SECURITIES AND EXCHANGE
COMMISSION NASDAQ is proposing to amend Rule chosen Chicago as the location of its
7051 entitled ‘‘Direct Connectivity to new DR data center as many other
[Release No. 34–75661; File No. SR– Nasdaq’’ to extend the waiver of exchanges are using this same location
NASDAQ–2015–094] for a DR or primary location and, as a
installation fees for Direct Circuit
Connection to Nasdaq (10Gb), Direct result, many of our market participants
Self-Regulatory Organizations; The
Circuit Connection to Nasdaq (supports have a presence or connection at this
NASDAQ Stock Market LLC; Notice of
up to 1Gb), and Direct Circuit location, thus making it easier and less
Filing and Immediate Effectiveness of
Connection to Nasdaq (1Gb Ultra). The expensive for many market participants
Proposed Rule Change To Modify
Exchange is also proposing to waive the to connect to NASDAQ’s DR location. In
NASDAQ Rule 7051 Fees Relating to
related ongoing monthly fees assessed anticipation of the move and to facilitate
Pricing for Direct Circuit Connections
for these direct connectivity options to transfer of connectivity from Ashburn,
August 11, 2015. the Exchange’s new Chicago, IL data VA to Chicago, IL, the Exchange waived
Pursuant to Section 19(b)(1) of the center.3 The Direct Circuit Connection the installation fees for the months of
Securities Exchange Act of 1934 options under Rule 7051 provide market April through July, 2015, for all three
(‘‘Act’’),1 and Rule 19b–4 thereunder,2 participants with three optional means connectivity options so that both new
notice is hereby given that on August 5, by which they may connect to subscriptions and customers
2015, The NASDAQ Stock Market LLC NASDAQ.4 The three Direct Circuit transferring from one connectivity
(‘‘NASDAQ’’ or the ‘‘Exchange’’) filed Connections are differentiated by the option to another during that time
with the Securities and Exchange total capacity of the fiber connection would not be assessed the installation
Commission (‘‘Commission’’) a (represented in Gigabytes or ‘‘Gb’’) and fee.8 The Exchange notes that the waiver
proposed rule change as described in the type of switch used. A switch is a allows members to move from one
Items I, II and III below, which Items type of network hardware that acts as offering to another, or to move the
have been prepared by the Exchange. the ‘‘gatekeeper’’ for all clients’ orders location of their connectivity from one
The Commission is publishing this sent to the System 5 and orders them in direct connectivity access point to
notice to solicit comments on the sequence for entry into the System for another, with no penalty in the form of
proposed rule change from interested execution. The 1Gb ‘‘Ultra’’ fiber an installation fee. The Exchange is
persons. connection offering uses lower latency 6 proposing to extend the waiver through
I. Self-Regulatory Organization’s switches than the 1Gb fiber connection November 9, 2015. To further facilitate
Statement of the Terms of the Substance offering.7 use of the upgraded facility, the
The Exchange assesses separate Exchange is also proposing to waive
of the Proposed Rule Change
installation and ongoing monthly fees ongoing monthly fees for all three Direct
NASDAQ is proposing to amend Rule for subscription to each option. For 1Gb Circuit Connectivity options for
7051 to extend the waiver of installation connectivity, the Exchange assesses an connectivity to the Chicago, IL data
fees assessed for Direct Circuit installation fee of $1,500 and ongoing center. Waiver of the ongoing monthly
Connection to NASDAQ, and to waive monthly fees of $2,500. For 10Gb fees will provide incentive to market
ongoing monthly fees for direct connectivity, the Exchange charges an participants to move their DR
connectivity to the Chicago, IL data installation fee of $1,500 and ongoing connectivity to Chicago, IL and test this
center, for a limited time. monthly fees of $7,500. For 1Gb Ultra, connectivity prior to completion of the
The text of the proposed rule change the Exchange charges an installation fee transfer of the DR functionality, and will
is available at http:// of $1,500 and ongoing monthly fees of also allow market participants that wish
nasdaq.cchwallstreet.com, at $2,500. to connect to the Chicago, IL data center
NASDAQ’s principal office, and at the to do so smoothly with no penalty in the
Commission’s Public Reference Room. 3 Direct connectivity is offered through data
form of overlapping monthly direct
centers in Carteret, NJ, Secaucus, NJ, Ashburn, VA,
II. Self-Regulatory Organization’s and Chicago, IL. connectivity fees.
Statement of the Purpose of, and 4 The Exchange notes that there are several
2. Statutory Basis
Statutory Basis for, the Proposed Rule additional means by which market participants may
Change connect to the Exchange, such as through the NASDAQ believes that the proposed
colocation facility or third parties.
rule change is consistent with the
In its filing with the Commission, 5 As defined in Rule 4701(a).
provisions of Section 6 of the Act,9 in
NASDAQ included statements 6 The term ‘‘latency’’ for the purposes of this rule
general, and with Sections 6(b)(4) and
mstockstill on DSK4VPTVN1PROD with NOTICES

concerning the purpose of, and basis for, filing means a measure of the time it takes for an
the proposed rule change and discussed
order to enter into a switch and then exit for entry 6(b)(5) of the Act,10 in particular, in that
into the System. it provides for the equitable allocation
any comments it received on the 7 Each of NASDAQ’s connection offerings use

proposed rule change. The text of those different switches, but the switches are of uniform
8 See Securities Exchange Act Release No. 74680
statements may be examined at the type within each offering (i.e., all 1G connectivity
options currently use the same switches). As a (April 8, 2015), 80 FR 20035 (April 14, 2015) (SR–
consequence, all client subscribers to a particular NASDAQ–2015–029).
1 15 U.S.C. 78s(b)(1). 9 15 U.S.C. 78f.
connectivity option receive the same latency in
2 17 CFR 240.19b–4. terms of the capabilities of their switches. 10 15 U.S.C. 78f(b)(4) and (5).

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Document Created: 2015-12-15 11:06:49
Document Modified: 2015-12-15 11:06:49

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 49285