80 FR 54630 - Submission for OMB Review; Comment Request

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 80, Issue 175 (September 10, 2015)

Page Range		54630-54631
FR Document		2015-22753

Federal Register, Volume 80 Issue 175 (Thursday, September 10, 2015)

[Federal Register Volume 80, Number 175 (Thursday, September 10, 2015)]
[Notices]
[Pages 54630-54631]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-22753]


-----------------------------------------------------------------------

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:
    Regulation FD. OMB Control No. 3235-0536, SEC File No. 270-475.

    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'') has submitted to the Office of Management 
and Budget a request for extension of the previously approved 
collection of information discussed below.
    Regulation FD (17 CFR 243.100 et seq.)--Other Disclosure Materials 
requires public disclosure of material information from issuers of 
publicly traded securities so that investors have current information 
upon which to base investment decisions. The purpose of the regulation 
is to require that: (1) When an issuer intentionally discloses material 
information, to do so through public disclosure, not selective 
disclosure; and (2) to make prompt public disclosure of material 
information that was unintentionally selectively disclosed. Regulation 
FD was adopted due to a concern that the practice of selective 
disclosure leads to

[[Page 54631]]

a loss of investor confidence in the integrity of our capital markets. 
All information is provided to the public for review. The information 
required is filed on occasion and is mandatory. We estimate that 
approximately 13,000 issuers make Regulation FD disclosures 
approximately five times a year for a total of 58,000 submissions 
annually, not including an estimated 7,000 issuers who file Form 8-K to 
comply with Regulation FD. We estimate that it takes approximately 5 
hours per response (58,000 responses x 5 hours) for a total burden of 
290,000 hours annually. In addition, we estimate that 25% of the 5 
hours (1.25 hours) is prepared by the filer for an annual reporting 
burden of 72,500 hours (1.25 hours per response x 58,000 responses).
    An agency may not conduct or sponsor, and a person is not required 
to respond to, a collection of information unless it displays a 
currently valid control number.
    The public may view the background documentation for this 
information collection at the following Web site, www.reginfo.gov. 
Comments should be directed to: (i) Desk Officer for the Securities and 
Exchange Commission, Office of Information and Regulatory Affairs, 
Office of Management and Budget, Room 10102, New Executive Office 
Building, Washington, DC 20503, or by sending an email to: 
Shagufta_Ahmed@omb.eop.gov; and (ii) 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: PRA_Mailbox@sec.gov. Comments must be submitted to OMB within 30 
days of this notice.

    Dated: September 3, 2015.
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2015-22753 Filed 9-9-15; 8:45 am]
BILLING CODE 8011-01-P

54630 Federal Register / Vol. 80, No. 175 / Thursday, September 10, 2015 / Notices

SECURITIES AND EXCHANGE unless it displays a currently valid information collected; and (d) ways to
COMMISSION control number. minimize the burden of the collections
Please direct your written comment to of information on respondents,
Proposed Collection; Comment Pamela Dyson, Director/Chief including through the use of automated
Request Information Officer, Securities and collection techniques or other forms of
Upon Written Request Copies Available Exchange Commission, c/o Remi Pavlik- information technology. Consideration
From: Securities and Exchange Simon, 100 F Street NE., Washington, will be given to comments and
Commission, Office of FOIA Services, DC 20549 or send an email to: PRA_ suggestions submitted in writing within
100 F Street NE., Washington, DC Mailbox@sec.gov. 60 days of this publication.
20549–2736. Dated: September 3, 2015. An agency may not conduct or
Robert W. Errett,
sponsor, and a person is not required to
Extension: respond to, a collection of information
Form F–80; OMB Control No. 3235–0404, Deputy Secretary.
SEC File No. 270–357.
unless it displays a currently valid
[FR Doc. 2015–22749 Filed 9–9–15; 8:45 am]
control number.
Notice is hereby given that, pursuant BILLING CODE 8011–01–P Please direct your written comment to
to the Paperwork Reduction Act of 1995 Pamela Dyson, Director/Chief
(44 U.S.C. 3501 et seq.), the Securities Information Officer, Securities and
and Exchange Commission SECURITIES AND EXCHANGE Exchange Commission, c/o Remi Pavlik-
(‘‘Commission’’) is soliciting comments COMMISSION Simon, 100 F Street NE., Washington,
on the collection of information DC 20549 or send an email to: PRA_
summarized below. The Commission Proposed Collection; Comment
Request Mailbox@sec.gov.
plans to submit this existing collection
Dated: September 3, 2015.
of information to the Office of Upon Written Request Copies Available
Management and Budget for extension Robert W. Errett,
From: Securities and Exchange
and approval. Deputy Secretary.
Commission, Office of FOIA Services,
Form F–80 (17 CFR 239.41) is a 100 F Street NE., Washington, DC [FR Doc. 2015–22752 Filed 9–9–15; 8:45 am]
registration form used by large, 20549–2736. BILLING CODE 8011–01–P
publicly-traded Canadian issuers to
register securities that will be offered in Extension:
Form T–6, OMB Control No. 3235–0391,
a business combination, exchange offer SECURITIES AND EXCHANGE
SEC File No. 270–344.
or other reorganization requiring the COMMISSION
vote of shareholders of the participating Notice is hereby given that, pursuant
companies. The information collected is to the Paperwork Reduction Act of 1995 Submission for OMB Review;
intended to make available material (44 U.S.C. 3501 et seq.), the Securities Comment Request
information upon which shareholders and Exchange Commission
Upon Written Request Copies Available
and investors can make informed voting (‘‘Commission’’) is soliciting comments
From: Securities and Exchange
and investment decisions. Form F–80 on the collection of information
Commission, Office of FOIA Services,
takes approximately 2 hours per summarized below. The Commission
100 F Street NE., Washington, DC
response and is filed by approximately plans to submit this existing collection
20549–2736.
4 issuers for a total annual burden of 8 of information to the Office of
hours. The estimated burden of 2 hours Management and Budget for extension Extension:
per response was based upon the and approval. Regulation FD. OMB Control No. 3235–
Form T–6 (17 CFR 269.9) is an 0536, SEC File No. 270–475.
amount of time necessary to compile the
registration statement using the existing application for eligibility and Notice is hereby given that, pursuant
Canadian prospectus plus any qualification for a foreign person or to the Paperwork Reduction Act of 1995
additional information required by the corporation under the Trust Indenture (44 U.S.C. 3501 et seq.), the Securities
Commission. Act of 1939 (15 U.S.C. 77aaa et seq.). and Exchange Commission
Written comments are invited on: (a) Form T–6 provides the basis for (‘‘Commission’’) has submitted to the
Whether this proposed collection of determining whether a foreign person or Office of Management and Budget a
information is necessary for the proper corporation is eligible to serve as a request for extension of the previously
performance of the functions of the trustee for qualified indenture. Form approved collection of information
agency, including whether the T–6 takes approximately 17 burden discussed below.
information will have practical utility; hours per response and is filed by Regulation FD (17 CFR 243.100 et
(b) the accuracy of the agency’s estimate approximately 15 respondents annually. seq.)—Other Disclosure Materials
of the burden imposed by the collection We estimate that 25% of the 17 hours requires public disclosure of material
of information; (c) ways to enhance the (4.25 hours) is prepared by the filer for information from issuers of publicly
quality, utility, and clarity of the an annual reporting burden of 64 hours traded securities so that investors have
information collected; and (d) ways to (4.25 hours per response × 15 current information upon which to base
minimize the burden of the collections responses). investment decisions. The purpose of
of information on respondents, Written comments are invited on: (a) the regulation is to require that: (1)
including through the use of automated Whether this proposed collection of When an issuer intentionally discloses
mstockstill on DSK4VPTVN1PROD with NOTICES

collection techniques or other forms of information is necessary for the proper material information, to do so through
information technology. Consideration performance of the functions of the public disclosure, not selective
will be given to comments and agency, including whether the disclosure; and (2) to make prompt
suggestions submitted in writing within information will have practical utility; public disclosure of material
60 days of this publication. (b) the accuracy of the agency’s estimate information that was unintentionally
An agency may not conduct or of the burden imposed by the collection selectively disclosed. Regulation FD was
sponsor, and a person is not required to of information; (c) ways to enhance the adopted due to a concern that the
respond to, a collection of information quality, utility, and clarity of the practice of selective disclosure leads to

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Federal Register / Vol. 80, No. 175 / Thursday, September 10, 2015 / Notices 54631

a loss of investor confidence in the ‘‘Act’’),1 and Rule 19b–4 thereunder,2 A. Self-Regulatory Organization’s
integrity of our capital markets. All notice is hereby given that on Statement of the Purpose of, and
information is provided to the public for September 1, 2015, BATS Y-Exchange, Statutory Basis for, the Proposed Rule
review. The information required is Inc. (the ‘‘Exchange’’ or ‘‘BYX’’) filed Change
filed on occasion and is mandatory. We with the Securities and Exchange
estimate that approximately 13,000 1. Purpose
Commission (‘‘Commission’’) the
issuers make Regulation FD disclosures proposed rule change as described in The Exchange proposes to amend the
approximately five times a year for a Items I and II below, which Items have definition of Pre-Opening Session under
total of 58,000 submissions annually, been prepared by the Exchange. The Rule 1.5(r) to state that the Pre-Opening
not including an estimated 7,000 issuers Commission is publishing this notice to Session will start at 7:00 a.m. rather
who file Form 8–K to comply with solicit comments on the proposed rule than 8:00 a.m. Eastern Time and Rule
Regulation FD. We estimate that it takes change from interested persons. 11.1(a) to account for the Pre-Opening
approximately 5 hours per response
Session starting at 7:00 a.m. Eastern
(58,000 responses × 5 hours) for a total I. Self-Regulatory Organization’s
burden of 290,000 hours annually. In Statement of the Terms of Substance of Time. The Exchange also proposes to
addition, we estimate that 25% of the 5 the Proposed Rule Change adopt new Rule 11.1(a)(1) to define
hours (1.25 hours) is prepared by the Effective Start Time, which would be an
filer for an annual reporting burden of The Exchange filed a proposal to order instruction enabling Members
72,500 hours (1.25 hours per response × amend the definition of Pre-Opening indicate a time upon which their order
58,000 responses). Session under Rule 1.5(r) to state that may become eligible for execution.
the Pre-Opening Session will start at
An agency may not conduct or Pre-Opening Session 7:00 a.m. Start
7:00 a.m. rather than 8:00 a.m. Eastern
sponsor, and a person is not required to
Time and Rule 11.1(a) to account for the The Exchange trading day is currently
respond to, a collection of information
Pre-Opening Session starting at 7:00 divided into two sessions: (i) The Pre-
unless it displays a currently valid
control number. a.m. Eastern Time. The Exchange also Opening Session which starts at 8:00
proposes to adopt new Rule 11.1(a)(1) to a.m. and ends at 9:30 a.m. Eastern Time;
The public may view the background define Effective Start Time, which and (ii) the Regular Trading Hours
documentation for this information would be an order instruction enabling
collection at the following Web site, which runs from 9:30 a.m. to 4:00 p.m.
Members 3 [sic] indicate a time upon Eastern Time. The Exchange proposes to
www.reginfo.gov. Comments should be which their order may become eligible
directed to: (i) Desk Officer for the amend the definition of ‘‘Pre-Opening
for execution. Session’’ under Rule 1.5(r) to state that
Securities and Exchange Commission,
Office of Information and Regulatory The text of the proposed rule change the Pre-Opening Session will start at
Affairs, Office of Management and is available at the Exchange’s Web site 7:00 a.m. rather than 8:00 a.m. Eastern
Budget, Room 10102, New Executive at www.batstrading.com, at the Time.4
Office Building, Washington, DC 20503, principal office of the Exchange, and at The Exchange also proposes to amend
or by sending an email to: Shagufta_ the Commission’s Public Reference Rule 11.1(a) to account for the Pre-
Ahmed@omb.eop.gov; and (ii) Pamela Room. Opening Session starting at 7:00 a.m.
Dyson, Director/Chief Information Eastern Time. Other than the proposal
Officer, Securities and Exchange II. Self-Regulatory Organization’s
Statement of the Purpose of, and to change the start of the Pre-Opening
Commission, c/o Remi Pavlik-Simon, Session from 8:00 a.m. to 7:00 a.m.
100 F Street NE., Washington, DC 20549 Statutory Basis for, the Proposed Rule
Change Eastern Time discussed above, the
or send an email to: PRA_Mailbox@ Exchange does not propose to amend
sec.gov. Comments must be submitted to In its filing with the Commission, the the substance or operation of Rule
OMB within 30 days of this notice.
Exchange included statements 11.1(a).
Dated: September 3, 2015. concerning the purpose of and basis for As amended, orders entered between
Robert W. Errett, the proposed rule change and discussed 6:00 a.m. and 7:00 a.m. Eastern Time,
Deputy Secretary. any comments it received on the rather than 6:00 a.m. and 8:00 a.m.
[FR Doc. 2015–22753 Filed 9–9–15; 8:45 am] proposed rule change. The text of these Eastern Time, would not eligible for
BILLING CODE 8011–01–P
statements may be examined at the execution until the start of the Pre-
places specified in Item IV below. The Opening Session or Regular Trading
Exchange has prepared summaries, set Hours,5 depending on the Time-in-Force
SECURITIES AND EXCHANGE forth in Sections A, B, and C below, of
COMMISSION the most significant parts of such 4 The Exchange notes that NYSE Arca, Inc.

statements. (‘‘NYSE Arca’’) operates an Opening Session that
starts at 4:00 a.m. Eastern Time (1:00 a.m. Pacific
[Release No. 34–75831; File No. SR–BYX– Time) and ends at 9:30 a.m. Eastern Time (6:30 a.m.
1 15 U.S.C. 78s(b)(1).
2015–38] Pacific Time). See NYSE Arca Rule 7.34(a)(1). The
2 17 CFR 240.19b–4. Nasdaq Stock Market LLC (‘‘Nasdaq’’) operates a
3 The term ‘‘Member’’ is defined as ‘‘any
Self-Regulatory Organizations; BATS pre-market session that also opens at 4:00 a.m. and
Y–Exchange, Inc.; Notice of Filing of registered broker or dealer that has been admitted ends at 9:30 a.m. Eastern Time. See Nasdaq Rule
mstockstill on DSK4VPTVN1PROD with NOTICES

to membership in the Exchange. A Member will 4701(g). See also Securities Exchange Act Release
Proposed Rule Change To Amend have the status of a ‘‘member’’ of the Exchange as No. 69151 (March 15, 2013), 78 FR 17464 (March
Rules 1.5(r) and 11.1 and Adopt New that term is defined in Section 3(a)(3) of the Act. 21, 2013) (SR–Nasdaq–2013–033) (Notice of Filing
Rule 11.1(a)(1) Membership may be granted to a sole proprietor, and Immediate Effectiveness of Proposed Rule
partnership, corporation, limited liability company Change to Extend the Pre-Market Hours of the
September 3, 2015. or other organization which is a registered broker Exchange to 4:00 a.m. EST).
or dealer pursuant to Section 15 of the Act, and 5 ‘‘Regular Trading Hours’’ is defined as ‘‘the time
Pursuant to Section 19(b)(1) of the which has been approved by the Exchange.’’ See between 9:30 a.m. and 4:00 p.m. Eastern Time.’’ See
Securities Exchange Act of 1934 (the Exchange Rule 1.5(n). Exchange Rule 1.5(w).

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Document Created: 2015-12-15 10:04:19
Document Modified: 2015-12-15 10:04:19

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 54630