80 FR 53606 - Self-Regulatory Organizations; NASDAQ OMX PHLX LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Regarding FLEX No Minimum Value Pilot
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 80, Issue 172 (September 4, 2015)
Federal Register Volume 80, Issue 172 (September 4, 2015)
| Page Range | 53606-53608 | |
| FR Document | 2015-21956 |
[Federal Register Volume 80, Number 172 (Friday, September 4, 2015)] [Notices] [Pages 53606-53608] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2015-21956] ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION [Release No. 34-75794; File No. SR-Phlx-2015-74] Self-Regulatory Organizations; NASDAQ OMX PHLX LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Regarding FLEX No Minimum Value Pilot August 31, 2015. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (``Act''),\1\ and Rule 19b-4 thereunder,\2\ notice is hereby given that on August 21, 2015, NASDAQ OMX PHLX LLC (``Phlx'' or ``Exchange'') filed with the Securities and Exchange Commission (``SEC'' or ``Commission'') the proposed rule change as described in Items I and II below, which Items have been prepared by the Exchange. The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons. --------------------------------------------------------------------------- \1\ 15 U.S.C. 78s(b)(1). \2\ 17 CFR 240.19b-4. --------------------------------------------------------------------------- I. Self-Regulatory Organization's Statement of the Terms of the Substance of the Proposed Rule Change The Exchange is filing with the Commission a proposal to amend Phlx Rule 1079 (FLEX Index, Equity and Currency Options) to extend a pilot program that eliminates minimum value sizes for opening transactions in new series of FLEX index options and FLEX equity options (together known as ``FLEX Options'').\3\ --------------------------------------------------------------------------- \3\ In addition to FLEX Options, FLEX currency options are also traded on the Exchange. These flexible index, equity, and currency options provide investors the ability to customize basic option features including size, expiration date, exercise style, and certain exercise prices; and may have expiration dates within five years. See Rule 1079. FLEX currency options traded on the Exchange are also known as FLEX FX Options. The pilot program discussed herein does not encompass FLEX currency options. --------------------------------------------------------------------------- The text of the amended Exchange rule is set forth immediately below. Additions are in italics and deletions are [bracketed]. Rules of the Exchange Options Rules * * * * * Rule 1079. FLEX Index, Equity and Currency Options A Requesting Member shall obtain quotes and execute trades in certain non-listed FLEX options at the specialist post of the non-FLEX option on the Exchange. The term ``FLEX option'' means a FLEX option contract that is traded subject to this Rule. Although FLEX options are generally subject to the Rules in this section, to the extent that the provisions of this Rule are inconsistent with other applicable Exchange Rules, this Rule takes precedence with respect to FLEX options. (a)-(f) No Change.Commentary: ------------ .01 Notwithstanding subparagraphs (a)(8)(A)(i) and (a)(8)(A)(ii) above, for a pilot period ending the earlier of [August]January 31, [2015]2016, or the date on which the pilot is approved on a permanent basis, there shall be no minimum value size requirements for FLEX options. * * * * * The text of the proposed rule change is available on the Exchange's Web site at http://nasdaqomxphlx.cchwallstreet.com, at the principal office of the Exchange, and at the Commission's Public Reference Room. II. Self-Regulatory Organization's Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change In its filing with the Commission, the Exchange included statements concerning the purpose of and basis for the proposed rule change and discussed any comments it received on the proposed rule change. The text of these statements may be examined at the places specified in Item IV below. The Exchange has prepared summaries, set forth in sections A, B, and C below, of the most significant aspects of such statements. A. Self-Regulatory Organization's Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change 1. Purpose The purpose of this proposed rule change is to amend Phlx Rule 1079 (FLEX Index, Equity and Currency Options) to extend a pilot program that eliminates minimum value sizes for opening transactions in new series of FLEX Options (the ``Pilot Program'' or ``Pilot'').\4\ --------------------------------------------------------------------------- \4\ The Exchange is also filing a separate proposal to permanently approve the Pilot Program. See footnote 10. --------------------------------------------------------------------------- Rule 1079 deals with the process of listing and trading FLEX equity, index, and currency options on the Exchange. Rule 1079(a)(8)(A) currently sets the minimum opening transaction value size in the case of a FLEX Option in a newly established (opening) series if there is no open interest in the particular series when a Request-for-Quote (``RFQ'') is submitted (except as provided in Commentary .01 to Rule 1079): (i) $10 million underlying equivalent value, respecting FLEX market index options, and $5 million underlying equivalent value respecting FLEX industry index options; \5\ (ii) the lesser of 250 contracts or the number of contracts overlying $1 million in the underlying securities, with respect to [[Page 53607]] FLEX equity options (together the ``minimum value size'').\6\ --------------------------------------------------------------------------- \5\ Market index options and industry index options are broad- based index options and narrow-based index options, respectively. See Rule 1000A(b)(11) and (12). \6\ Subsection (a)(8)(A) also provides a third alternative: (iii) 50 Contracts in the case of FLEX currency options. However, this alternative is not part of the Pilot Program. --------------------------------------------------------------------------- Presently, Commentary .01 to Rule 1079 states that by virtue of the Pilot Program ending August 31, 2015, or the date on which the pilot is approved on a permanent basis, there shall be no minimum value size requirements for FLEX Options as noted in subsections (a)(8)(A)(i) and (a)(8)(A)(ii) of Rule 1079.\7\ --------------------------------------------------------------------------- \7\ See Securities Exchange Act Release No. 74481 (March 11, 2015), 80 FR 13923 (March 17, 2015) (SR-Phlx-2015-22) (notice of filing and immediate effectiveness of proposal to extend Pilot Program). The Pilot Program was instituted in 2010. See Securities Exchange Act Release No. 62900 (September 13, 2010), 75 FR 57098 (September 17, 2010) (SR-Phlx-2010-123) (notice of filing and immediate effectiveness of proposal to institute Pilot Program). --------------------------------------------------------------------------- The Exchange now proposes to extend the Pilot Program for a pilot period ending the earlier of January 31, 2016, or the date on which the Pilot is approved on a permanent basis.\8\ --------------------------------------------------------------------------- \8\ The Exchange notes that any positions established under this Pilot would not be impacted by the expiration of the Pilot. For example, a 10 contract FLEX equity option opening position that overlies less than $1 million in the underlying security and expires in January 2016 could be established during the Pilot. If the Pilot Program were not extended, the position would continue to exist and any further trading in the series would be subject to the minimum value size requirements for continued trading in that series. --------------------------------------------------------------------------- The Exchange believes that there is sufficient investor interest and demand in the Pilot Program to warrant an extension. The Exchange believes that the Pilot Program has provided investors with additional means of managing their risk exposures and carrying out their investment objectives. Extension of the Pilot Program would continue to provide greater opportunities for traders and investors to manage risk through the use of FLEX Options, including investors that may otherwise trade in the unregulated over the counter (``OTC'') market where similar size restrictions do not apply.\9\ --------------------------------------------------------------------------- \9\ The Exchange has not experienced any adverse market effects with respect to the Pilot Program. --------------------------------------------------------------------------- In support of the proposed extension of the Pilot Program, the Exchange has under separate cover submitted to the Commission a Pilot Program Report (``Report'') that provides an analysis of the Pilot Program covering the period during which the Pilot has been in effect. This Report includes: (i) Data and analysis on the open interest and trading volume in (a) FLEX equity options that have an opening transaction with a minimum size of 0 to 249 contracts and less than $1 million in underlying value; (b) FLEX index options that have an opening transaction with a minimum opening size of less than $10 million in underlying equivalent value; and (ii) analysis of the types of investors that initiated opening FLEX Options transactions (i.e., institutional, high net worth, or retail). The Report has been submitted to the Commission and the Exchange has requested confidential treatment under the Freedom of Information Act.\10\ --------------------------------------------------------------------------- \10\ 5 U.S.C. 552. The Exchange notes that it expects to file a proposal for permanent approval of the Pilot Program. With this proposal, the Exchange will submit a Report that is publicly available. In the event the Pilot Program is not permanently approved by January 31, 2016, the Exchange will submit an additional Report covering the extended Pilot period. --------------------------------------------------------------------------- 2. Statutory Basis The Exchange's proposal is consistent with Section 6(b) of the Act \11\ in general, and furthers the objectives of Section 6(b)(5) of the Act \12\ in particular, in that it is designed to prevent fraudulent and manipulative acts and practices, to promote just and equitable principles of trade, to foster cooperation and coordination with persons engaged in facilitating transactions in securities, and to remove impediments to and perfect the mechanisms of a free and open market and a national market system. Specifically, the Exchange believes that the proposed extension of the Pilot Program, which eliminates the minimum value size applicable to opening transactions in new series of FLEX Options, would provide greater opportunities for investors to manage risk through the use of FLEX Options. The Exchange notes that it has not experienced any adverse market effects with respect to the Pilot Program. --------------------------------------------------------------------------- \11\ 15 U.S.C. 78f(b). \12\ 15 U.S.C. 78f(b)(5). --------------------------------------------------------------------------- B. Self-Regulatory Organization's Statement on Burden on Competition The Exchange does not believe that the proposed rule change will impose any burden on competition not necessary or appropriate in furtherance of the purposes of the Act. To the contrary, the proposal would give traders and investors the opportunity to more effectively tailor their trading, investing and hedging through FLEX options traded on the Exchange. Prior to the Pilot, options that represented opening transactions in new series that could not meet a minimum value size could not trade via FLEX on the Exchange, but rather had to trade OTC. Extension of the Pilot enables such options to continue to trade on the Exchange. C. Self-Regulatory Organization's Statement on Comments on the Proposed Rule Change Received From Members, Participants, or Others No written comments were either solicited or received. III. Date of Effectiveness of the Proposed Rule Change and Timing for Commission Action Because the foregoing proposed rule change does not: (i) significantly affect the protection of investors or the public interest; (ii) impose any significant burden on competition; and (iii) become operative for 30 days from the date on which it was filed, or such shorter time as the Commission may designate, it has become effective pursuant to Section 19(b)(3)(A) of the Act and Rule 19b- 4(f)(6) thereunder.\13\ --------------------------------------------------------------------------- \13\ 17 CFR 240.19b-4(f)(6). In addition, Rule 19b-4(f)(6)(iii) requires a self-regulatory organization to give the Commission written notice of its intent to file the proposed rule change, along with a brief description and text of the proposed rule change, at least five business days prior to the date of filing of the proposed rule change, or such shorter time as designated by the Commission. The Exchange has satisfied this requirement. --------------------------------------------------------------------------- A proposed rule change filed under Rule 19b-4(f)(6) \14\ normally does not become operative prior to 30 days after the date of the filing. However, pursuant to Rule 19b-4(f)(6)(iii),\15\ the Commission may designate a shorter time if such action is consistent with the protection of investors and the public interest. The Exchange has asked the Commission to waive the 30-day operative delay so that the Exchange may seamlessly continue its Pilot Program without interruption. The Commission believes that waiving the 30-day operative delay is consistent with the protection of investors and the public interest.\16\ The Commission notes that waiving the 30-day operative delay would prevent the expiration of the Pilot Program on August 31, 2015, prior to the extension of the pilot program becoming operative. Therefore, the Commission hereby waives the 30-day operative delay and designates the proposal operative upon filing. --------------------------------------------------------------------------- \14\ 17 CFR 240.19b-4(f)(6). \15\ 17 CFR 240.19b-4(f)(6)(iii). \16\ For purposes only of waiving the 30-day operative delay, the Commission has considered the proposed rule's impact on efficiency, competition, and capital formation. See 15 U.S.C. 78c(f). --------------------------------------------------------------------------- At any time within 60 days of the filing of the proposed rule change, the Commission summarily may temporarily suspend such rule change if it appears to the Commission that such action is necessary or appropriate in the public interest, for the protection of investors, or otherwise in furtherance of the purposes of the Act. If the [[Page 53608]] Commission takes such action, the Commission shall institute proceedings to determine whether the proposed rule should be approved or disapproved. IV. Solicitation of Comments Interested persons are invited to submit written data, views, and arguments concerning the foregoing, including whether the proposed rule change is consistent with the Act. Comments may be submitted by any of the following methods: Electronic Comments Use the Commission's Internet comment form (http://www.sec.gov/rules/sro.shtml); or Send an email to [email protected]. Please include File Number SR-Phlx-2015-74 on the subject line. Paper Comments Send paper comments in triplicate to Secretary, Securities and Exchange Commission, 100 F Street NE., Washington, DC 20549-1090. All submissions should refer to File Number SR-Phlx-2015-74. This file number should be included on the subject line if email is used. To help the Commission process and review your comments more efficiently, please use only one method. The Commission will post all comments on the Commission's Internet Web site (http://www.sec.gov/rules/sro.shtml). Copies of the submission, all subsequent amendments, all written statements with respect to the proposed rule change that are filed with the Commission, and all written communications relating to the proposed rule change between the Commission and any person, other than those that may be withheld from the public in accordance with the provisions of 5 U.S.C. 552, will be available for Web site viewing and printing in the Commission's Public Reference Room, 100 F Street NE., Washington, DC 20549 on official business days between the hours of 10:00 a.m. and 3:00 p.m. Copies of such filing also will be available for inspection and copying at the principal office of the Exchange. All comments received will be posted without change; the Commission does not edit personal identifying information from submissions. You should submit only information that you wish to make available publicly. All submissions should refer to File Number SR-Phlx-2015-74, and should be submitted on or before September 25, 2015. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.\17\ --------------------------------------------------------------------------- \17\ 17 CFR 200.30-3(a)(12). --------------------------------------------------------------------------- Robert W. Errett, Deputy Secretary. [FR Doc. 2015-21956 Filed 9-3-15; 8:45 am] BILLING CODE 8011-01-P
![53606 Federal Register / Vol. 80, No. 172 / Friday, September 4, 2015 / Notices
and Exchange Commission, 100 F Street notice is hereby given that on August minimum value size requirements for
NE., Washington, DC 20549–1090. 21, 2015, NASDAQ OMX PHLX LLC FLEX options.
All submissions should refer to File (‘‘Phlx’’ or ‘‘Exchange’’) filed with the * * * * *
Number SR–ISE–2015–26. This file Securities and Exchange Commission The text of the proposed rule change
number should be included on the (‘‘SEC’’ or ‘‘Commission’’) the proposed is available on the Exchange’s Web site
subject line if email is used. To help the rule change as described in Items I and at http://
Commission process and review your II below, which Items have been nasdaqomxphlx.cchwallstreet.com, at
comments more efficiently, please use prepared by the Exchange. The the principal office of the Exchange, and
only one method. The Commission will Commission is publishing this notice to at the Commission’s Public Reference
post all comments on the Commission’s solicit comments on the proposed rule Room.
Internet Web site (http://www.sec.gov/ change from interested persons.
rules/sro.shtml). Copies of the II. Self-Regulatory Organization’s
submission, all subsequent I. Self-Regulatory Organization’s Statement of the Purpose of, and
amendments, all written statements Statement of the Terms of the Substance Statutory Basis for, the Proposed Rule
with respect to the proposed rule of the Proposed Rule Change Change
change that are filed with the The Exchange is filing with the
Commission, and all written In its filing with the Commission, the
Commission a proposal to amend Phlx
communications relating to the Exchange included statements
Rule 1079 (FLEX Index, Equity and
proposed rule change between the concerning the purpose of and basis for
Currency Options) to extend a pilot
Commission and any person, other than the proposed rule change and discussed
program that eliminates minimum value
those that may be withheld from the any comments it received on the
sizes for opening transactions in new
public in accordance with the proposed rule change. The text of these
series of FLEX index options and FLEX
provisions of 5 U.S.C. 552, will be statements may be examined at the
equity options (together known as
available for Web site viewing and places specified in Item IV below. The
‘‘FLEX Options’’).3
printing in the Commission’s Public Exchange has prepared summaries, set
The text of the amended Exchange forth in sections A, B, and C below, of
Reference Room, 100 F Street NE., rule is set forth immediately below.
Washington, DC 20549, on official the most significant aspects of such
Additions are in italics and deletions statements.
business days between the hours of
are [bracketed].
10:00 a.m. and 3:00 p.m. Copies of the A. Self-Regulatory Organization’s
filing will also be available for Rules of the Exchange Statement of the Purpose of, and
inspection and copying at the principal Options Rules Statutory Basis for, the Proposed Rule
office of the Exchange. All comments Change
received will be posted without change; * * * * *
the Commission does not edit personal 1. Purpose
Rule 1079. FLEX Index, Equity and
identifying information from Currency Options The purpose of this proposed rule
submissions. You should submit only change is to amend Phlx Rule 1079
information that you wish to make A Requesting Member shall obtain
quotes and execute trades in certain (FLEX Index, Equity and Currency
available publicly. All submissions
non-listed FLEX options at the specialist Options) to extend a pilot program that
should refer to File Number SR–ISE–
post of the non-FLEX option on the eliminates minimum value sizes for
2015–26 and should be submitted on or
Exchange. The term ‘‘FLEX option’’ opening transactions in new series of
before September 25,2015.
means a FLEX option contract that is FLEX Options (the ‘‘Pilot Program’’ or
For the Commission, by the Division of ‘‘Pilot’’).4
Trading and Markets, pursuant to delegated traded subject to this Rule. Although
authority.22 FLEX options are generally subject to Rule 1079 deals with the process of
the Rules in this section, to the extent listing and trading FLEX equity, index,
Robert W. Errett,
that the provisions of this Rule are and currency options on the Exchange.
Deputy Secretary.
inconsistent with other applicable Rule 1079(a)(8)(A) currently sets the
[FR Doc. 2015–21958 Filed 9–3–15; 8:45 am] minimum opening transaction value
Exchange Rules, this Rule takes
BILLING CODE 8011–01–P size in the case of a FLEX Option in a
precedence with respect to FLEX
options. newly established (opening) series if
(a)–(f) No Change. there is no open interest in the
SECURITIES AND EXCHANGE particular series when a Request-for-
COMMISSION • • • Commentary: —————— Quote (‘‘RFQ’’) is submitted (except as
[Release No. 34–75794; File No. SR–Phlx– .01 Notwithstanding subparagraphs provided in Commentary .01 to Rule
2015–74] (a)(8)(A)(i) and (a)(8)(A)(ii) above, for a 1079): (i) $10 million underlying
pilot period ending the earlier of equivalent value, respecting FLEX
Self-Regulatory Organizations; [August]January 31, [2015]2016, or the market index options, and $5 million
NASDAQ OMX PHLX LLC; Notice of date on which the pilot is approved on underlying equivalent value respecting
Filing and Immediate Effectiveness of a permanent basis, there shall be no FLEX industry index options; 5 (ii) the
Proposed Rule Change Regarding lesser of 250 contracts or the number of
FLEX No Minimum Value Pilot 3 In addition to FLEX Options, FLEX currency contracts overlying $1 million in the
options are also traded on the Exchange. These
mstockstill on DSK4VPTVN1PROD with NOTICES
August 31, 2015. underlying securities, with respect to
flexible index, equity, and currency options provide
Pursuant to Section 19(b)(1) of the investors the ability to customize basic option
4 The Exchange is also filing a separate proposal
Securities Exchange Act of 1934 features including size, expiration date, exercise
style, and certain exercise prices; and may have to permanently approve the Pilot Program. See
(‘‘Act’’),1 and Rule 19b–4 thereunder,2 footnote 10.
expiration dates within five years. See Rule 1079.
FLEX currency options traded on the Exchange are 5 Market index options and industry index
22 17 CFR 200.30–3(a)(12). also known as FLEX FX Options. The pilot program options are broad-based index options and narrow-
1 15 U.S.C. 78s(b)(1). discussed herein does not encompass FLEX based index options, respectively. See Rule
2 17 CFR 240.19b–4. currency options. 1000A(b)(11) and (12).
VerDate Sep<11>2014 16:57 Sep 03, 2015 Jkt 235001 PO 00000 Frm 00122 Fmt 4703 Sfmt 4703 E:\FR\FM\04SEN1.SGM 04SEN1](https://thefederalregister.org/doc/80_FR_53778/page/1.svg)
![53608 Federal Register / Vol. 80, No. 172 / Friday, September 4, 2015 / Notices
Commission takes such action, the For the Commission, by the Division of collection(s) to the OMB Desk Officer
Commission shall institute proceedings Trading and Markets, pursuant to delegated and SSA Reports Clearance Officer at
to determine whether the proposed rule authority.17 the following addresses or fax numbers.
should be approved or disapproved. Robert W. Errett, (OMB), Office of Management and
Deputy Secretary. Budget, Attn: Desk Officer for SSA, Fax:
IV. Solicitation of Comments 202–395–6974, Email address: OIRA_
[FR Doc. 2015–21956 Filed 9–3–15; 8:45 am]
Interested persons are invited to BILLING CODE 8011–01–P Submission@omb.eop.gov.
submit written data, views, and (SSA), Social Security
arguments concerning the foregoing, Administration, OLCA, Attn: Reports
including whether the proposed rule Clearance Director, 3100 West High
SMALL BUSINESS ADMINISTRATION
change is consistent with the Act. Rise, 6401 Security Blvd., Baltimore,
Comments may be submitted by any of Surrender of License of Small MD 21235, Fax: 410–966–2830, Email
the following methods: Business Investment Company address: OR.Reports.Clearance@ssa.gov.
Or you may submit your comments
Electronic Comments Pursuant to the authority granted to online through www.regulations.gov,
the United States Small Business referencing Docket ID Number [SSA–
• Use the Commission’s Internet Administration under the Small 2015–0052].
comment form (http://www.sec.gov/ Business Investment Act of 1958, as I. The information collections below
rules/sro.shtml); or amended, under Section 309 of the Act are pending at SSA. SSA will submit
• Send an email to rule- and Section 107.1900 of the Small them to OMB within 60 days from the
comments@sec.gov. Please include File Business Administration Rules and date of this notice. To be sure we
Number SR–Phlx–2015–74 on the Regulations (13 CFR 107.1900) to consider your comments, we must
subject line. function as a small business investment receive them no later than November 3,
Paper Comments company under the Small Business 2015. Individuals can obtain copies of
Investment Company License No. 05/ the collection instruments by writing to
• Send paper comments in triplicate 05–0248 issued to Banc of America the above email address.
to Secretary, Securities and Exchange Capital Investors SBIC II, LP said license 1. The Ticket to Work and Self-
Commission, 100 F Street NE., is hereby declared null and void. Sufficiency Program—20 CFR 411—
Washington, DC 20549–1090. 0960–0644. SSA’s Ticket to Work (TTW)
United States Small Business
Administration.
Program transitions Social Security
All submissions should refer to File Disability Insurance (SSDI) and
Number SR–Phlx–2015–74. This file Dated: August 31, 2015.
Supplemental Security Income (SSI)
number should be included on the Javier Saade, recipients toward independence by
subject line if email is used. To help the Associate Administrator for Investment and allowing them to receive Social Security
Commission process and review your Innovation. payments while maintaining
comments more efficiently, please use [FR Doc. 2015–21948 Filed 9–3–15; 8:45 am] employment under the auspices of the
only one method. The Commission will BILLING CODE P program. SSA uses service providers,
post all comments on the Commission’s called Employment Networks (ENs), to
Internet Web site (http://www.sec.gov/ supervise participant progress through
rules/sro.shtml). Copies of the SOCIAL SECURITY ADMINISTRATION the stages of TTW Program
submission, all subsequent participation, such as job searches and
amendments, all written statements [Docket No: SSA–2015–0052]
interviews, progress reviews, and
with respect to the proposed rule changes in ticket status. ENs can be
change that are filed with the Agency Information Collection
Activities: Proposed Request and private for-profit and nonprofit
Commission, and all written organizations, as well as state vocational
communications relating to the Comment Request the Social Security
Administration (SSA) Publishes a List rehabilitation agencies (VRs). SSA and
proposed rule change between the the ENs utilize the TTW program
Commission and any person, other than of Information Collection Packages
Requiring Clearance by the Office of manager to operate the TTW Program
those that may be withheld from the and exchange information about
public in accordance with the Management and Budget (OMB) in
Compliance With Public Law 104–13, participants. For example, the ENs use
provisions of 5 U.S.C. 552, will be the program manager to provide updates
available for Web site viewing and the Paperwork Reduction Act of 1995,
effective October 1, 1995. This Notice on tasks such as selecting a payment
printing in the Commission’s Public system or requesting payments for
Reference Room, 100 F Street NE., Includes Revisions and Extensions of
helping the beneficiary achieve certain
Washington, DC 20549 on official OMB-Approved Information
work goals. Since the ENs are not PRA-
business days between the hours of Collections.
exempt, the multiple information
10:00 a.m. and 3:00 p.m. Copies of such SSA is soliciting comments on the collections within the TTW program
filing also will be available for accuracy of the agency’s burden manager require OMB approval, and we
inspection and copying at the principal estimate; the need for the information; clear them under this information
office of the Exchange. All comments its practical utility; ways to enhance its collection request (ICR). Most of the
received will be posted without change; quality, utility, and clarity; and ways to categories of information in this ICR are
the Commission does not edit personal
mstockstill on DSK4VPTVN1PROD with NOTICES
minimize burden on respondents, necessary for SSA to: (1) Comply with
identifying information from including the use of automated the Ticket to Work legislation; and (2)
submissions. You should submit only collection techniques or other forms of provide proper oversight of the program.
information that you wish to make information technology. Mail, email, or SSA collects this information through
available publicly. All submissions fax your comments and several modalities, including forms,
should refer to File Number SR–Phlx– recommendations on the information electronic exchanges, and written
2015–74, and should be submitted on or documentation. The respondents are the
before September 25, 2015. 17 17 CFR 200.30–3(a)(12). ENs or state VRs, as well as SSDI
VerDate Sep<11>2014 16:57 Sep 03, 2015 Jkt 235001 PO 00000 Frm 00124 Fmt 4703 Sfmt 4703 E:\FR\FM\04SEN1.SGM 04SEN1](https://thefederalregister.org/doc/80_FR_53778/page/3.svg)
Document Created: 2015-12-15 09:58:19
Document Modified: 2015-12-15 09:58:19
| 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 53606 |
2024 Federal Register | Disclaimer | Privacy Policy
USC | CFR | eCFR