80 FR 67452 - Submission for OMB Review; Comment Request

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 80, Issue 211 (November 2, 2015)

Page Range		67452-67454
FR Document		2015-27802
Federal Register, Volume 80 Issue 211 (Monday, November 2, 2015)
[Federal Register Volume 80, Number 211 (Monday, November 2, 2015)]
[Notices]
[Pages 67452-67454]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-27802]


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SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-239, OMB Control No. 3235-0224; Extension: Rule 17j 
1]


Submission for OMB Review; Comment Request

Upon Written Request, Copies Available From: Securities and Exchange 
Commission, Office of Investor Education and Advocacy, Washington, DC 
20549-0213

    Notice is hereby given that, pursuant to the Paperwork Reduction 
Act of 1995 (44 U.S.C. 3501-3520), the Securities and Exchange 
Commission (the ``Commission'') has submitted to the Office of 
Management and Budget a request for extension of the previously 
approved collection of information discussed below.
    Conflicts of interest between investment company personnel (such as 
portfolio managers) and their funds can arise when these persons buy 
and sell securities for their own accounts (``personal investment 
activities''). These conflicts arise because fund personnel have the 
opportunity to profit from information about fund transactions, often 
to the detriment of fund investors. Beginning in the early 1960s, 
Congress and the Securities and Exchange Commission (``Commission'') 
sought to devise a regulatory scheme to effectively address these 
potential conflicts. These efforts culminated in the addition of 
section 17(j) to the Investment Company Act of 1940 (the ``Investment 
Company Act'') (15 U.S.C. 80a-17(j)) in 1970 and the adoption by the 
Commission of rule 17j-1 (17 CFR 270.17j-1) in 1980.\1\ The Commission 
proposed amendments to rule 17j-1 in 1995 in response to 
recommendations made in the first detailed study of fund policies 
concerning personal investment activities by the Commission's Division 
of Investment Management since rule 17j-1 was adopted. Amendments to 
rule 17j-1, which were adopted in 1999, enhanced fund oversight of 
personal investment activities and the board's role in carrying out 
that oversight.\2\ Additional amendments to rule 17j-1 were made in 
2004, conforming rule 17j-1 to rule 204A-1 under the Investment 
Advisers Act of 1940 (15 U.S.C. 80b), avoiding duplicative reporting, 
and modifying certain definitions and time restrictions.\3\
    Section 17(j) makes it unlawful for persons affiliated with a 
registered investment company (``fund'') or with the fund's investment 
adviser or principal underwriter (each a ``17j-1 organization''), in 
connection with the purchase or sale of securities held or to be 
acquired by the investment company, to engage in any fraudulent, 
deceptive, or manipulative act or practice in contravention of the 
Commission's rules and regulations. Section 17(j) also authorizes the 
Commission to promulgate rules requiring 17j-1 organizations to adopt 
codes of ethics.
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    \1\ Prevention of Certain Unlawful Activities with Respect to 
Registered Investment Companies, Investment Company Act Release No. 
11421 (Oct. 31, 1980) (45 FR 73915 (Nov. 7, 1980)).
    \2\ Personal Investment Activities of Investment Company 
Personnel, Investment Company Act Release No. 23958 (Aug. 20, 1999) 
(64 FR 46821 (Aug. 27, 1999)).
    \3\ Investment Adviser Codes of Ethics, Investment Advisers Act 
Release No. 2256 (Jul. 2, 2004) (69 FR 41696 (Jul. 9, 2004)).
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    In order to implement section 17(j), rule 17j-1 imposes certain 
requirements on 17j-1 organizations and ``Access Persons'' \4\ of those 
organizations. The

[[Page 67453]]

rule prohibits fraudulent, deceptive or manipulative acts by persons 
affiliated with a 17j-1 organization in connection with their personal 
securities transactions in securities held or to be acquired by the 
fund. The rule requires each 17j-1 organization, unless it is a money 
market fund or a fund that does not invest in Covered Securities,\5\ 
to: (i) Adopt a written codes of ethics, (ii) submit the code and any 
material changes to the code, along with a certification that it has 
adopted procedures reasonably necessary to prevent Access Persons from 
violating the code of ethics, to the fund board for approval, (iii) use 
reasonable diligence and institute procedures reasonably necessary to 
prevent violations of the code, (iv) submit a written report to the 
fund describing any issues arising under the code and procedures and 
certifying that the 17j-1 entity has adopted procedures reasonably 
necessary to prevent Access Persons form violating the code, (v) 
identify Access Persons and notify them of their reporting obligations, 
and (vi) maintain and make available to the Commission for review 
certain records related to the code of ethics and transaction reporting 
by Access Persons.
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    \4\ Rule 17j-1(a)(1) defines an ``access person'' as ``Any 
Advisory Person of a Fund or of a Fund's investment adviser. If an 
investment adviser's primary business is advising Funds or other 
advisory clients, all of the investment adviser's directors, 
officers, and general partners are presumed to be Access Persons of 
any Fund advised by the investment adviser. All of a Fund's 
directors, officers, and general partners are presumed to be Access 
Persons of the Fund.'' The definition of Access Person also includes 
``Any director, officer or general partner of a principal 
underwriter who, in the ordinary course of business, makes, 
participates in or obtains information regarding, the purchase or 
sale of Covered Securities by the Fund for which the principal 
underwriter acts, or whose functions or duties in the ordinary 
course of business relate to the making of any recommendation to the 
Fund regarding the purchase or sale of Covered Securities.'' Rule 
17j-1(a)(1).
    \5\ A ``Covered Security'' is any security that falls within the 
definition in section 2(a)(36) of the Act, except for direct 
obligations of the U.S. Government, bankers' acceptances, bank 
certificates of deposit, commercial paper and high quality short-
term debt instruments, including repurchase agreements, and shares 
issued by open-end funds. Rule 17j-1(a)(4).
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    The rule requires each Access Person of a fund (other than a money 
market fund or a fund that does not invest in Covered Securities) and 
of an investment adviser or principal underwriter of the fund, who is 
not subject to an exception,\6\ to file: (i) Within 10 days of becoming 
an Access Person, a dated initial holdings report that sets forth 
certain information with respect to the Access Person's securities and 
accounts; (ii) dated quarterly transaction reports within 30 days of 
the end of each calendar quarter providing certain information with 
respect to any securities transactions during the quarter and any 
account established by the Access Person in which any securities were 
held during the quarter; and (iii) dated annual holding reports 
providing information with respect to each Covered Security the Access 
Person beneficially owns and accounts in which securities are held for 
his or her benefit. In addition, rule 17j-1 requires investment 
personnel of a fund or its investment adviser, before acquiring 
beneficial ownership in securities through an initial public offering 
(IPO) or in a private placement, to obtain approval from the fund or 
the fund's investment adviser.
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    \6\ Rule 17j-1(d)(2) contains the following exceptions: (i) An 
Access Person need not file a report for transactions effected for, 
and securities held in, any account over which the Access Person 
does not have control; (ii) an independent director of the fund, who 
would otherwise be required to report solely by reason of being a 
fund director and who does not have information with respect to the 
fund's transactions in a particular security, does not have to file 
an initial holdings report or a quarterly transaction report,; (iii) 
an Access Person of a principal underwriter of the fund does not 
have to file reports if the principal underwriter is not affiliated 
with the fund (unless the fund is a unit investment trust) or any 
investment adviser of the fund and the principal underwriter of the 
fund does not have any officer, director, or general partner who 
serves in one of those capacities for the fund or any investment 
adviser of the fund; (iv) an Access Person to an investment adviser 
need not make quarterly reports if the report would duplicate 
information provided under the reporting provisions of the 
Investment Adviser's Act of 1940; (v) an Access Person need not make 
quarterly transaction reports if the information provided in the 
report would duplicate information received by the 17j-1 
organization in the form of broker trade confirmations or account 
statements or information otherwise in the records of the 17j-1 
organization; and (vi) an Access Person need not make quarterly 
transaction reports with respect to transactions effected pursuant 
to an Automatic Investment Plan.
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    The requirements that the management of a rule 17j-1 organization 
provide the fund's board with new and amended codes of ethics and an 
annual issues and certification report are intended to enhance board 
oversight of personal investment policies applicable to the fund and 
the personal investment activities of Access Persons. The requirements 
that Access Persons provide initial holdings reports, quarterly 
transaction reports, and annual holdings reports and request approval 
for purchases of securities through IPOs and private placements are 
intended to help fund compliance personnel and the Commission's 
examinations staff monitor potential conflicts of interest and detect 
potentially abusive activities. The requirement that each rule 17j-1 
organization maintain certain records is intended to assist the 
organization and the Commission's examinations staff in determining if 
there have been violations of rule 17j-1.
    We estimate that annually there are approximately 75,497 
respondents under rule 17j-1, of which 5,497 are rule 17j-1 
organizations and 70,000 are Access Persons. In the aggregate, these 
respondents make approximately 108,305 responses annually. We estimate 
that the total annual burden of complying with the information 
collection requirements in rule 17j-1 is approximately 401,407 hours. 
This hour burden represents time spent by Access Persons that must file 
initial and annual holdings reports and quarterly transaction reports, 
investment personnel that must obtain approval before acquiring 
beneficial ownership in any securities through an IPO or private 
placement, and the responsibilities of Rule 17j-1 organizations arising 
from information collection requirements under rule 17j-1. These 
include notifying Access Persons of their reporting obligations, 
preparing an annual rule 17j-1 report and certification for the board, 
documenting their approval or rejection of IPO and private placement 
requests, maintaining annual rule 17j-1 records, maintaining electronic 
reporting and recordkeeping systems, amending their codes of ethics as 
necessary, and, for new fund complexes, adopting a code of ethics.
    We estimate that there is an annual cost burden of approximately 
$5,000 per fund complex, for a total of $4,335,000, associated with 
complying with the information collection requirements in rule 17j-1. 
This represents the costs of purchasing and maintaining computers and 
software to assist funds in carrying out rule 17j-1 recordkeeping.
    These burden hour and cost estimates are based upon the Commission 
staff's experience and discussions with the fund industry. The 
estimates of average burden hours and costs are made solely for the 
purposes of the Paperwork Reduction Act. These estimates are not 
derived from a comprehensive or even a representative survey or study 
of the costs of Commission rules.
    Compliance with the collection of information requirements of the 
rule is mandatory and is necessary to comply with the requirements of 
the rule in general. 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. Rule 17j-1 requires that 
records be maintained for at least five years in an easily accessible 
place.\7\
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    \7\ If information collected pursuant to the rule is reviewed by 
the Commission's examination staff, it will be accorded the same 
level of confidentiality accorded to other responses provided to the 
Commission in the context of its examination and oversight program. 
See section 31(c) of the Investment Company Act (15 U.S.C. 80a-
30(c)).
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    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

[[Page 67454]]

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 
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submitted to OMB within 30 days of this notice.

    Dated: October 27, 2015.
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2015-27802 Filed 10-30-15; 8:45 am]
 BILLING CODE 8011-01-P
67452 Federal Register / Vol. 80, No. 211 / Monday, November 2, 2015 / Notices

protection of investors and the public Washington, DC 20549 on official Investment Company Act of 1940 (the
interest as it will allow FICC to business days between the hours of ‘‘Investment Company Act’’) (15 U.S.C.
incorporate changes required under Reg. 10:00 a.m. and 3:00 p.m. Copies of the 80a–17(j)) in 1970 and the adoption by
SCI prior to the November 3, 2015 filing also will be available for the Commission of rule 17j–1 (17 CFR
compliance date. Therefore, the inspection and copying at the principal 270.17j–1) in 1980.1 The Commission
Commission designates the proposed office of FICC and on DTCC’s Web site proposed amendments to rule 17j–1 in
rule change to be operative upon (http://dtcc.com/legal/sec-rule- 1995 in response to recommendations
filing.21 filings.aspx). All comments received made in the first detailed study of fund
At any time within 60 days of the will be posted without change; the policies concerning personal investment
filing of the proposed rule change, the Commission does not edit personal activities by the Commission’s Division
Commission summarily may identifying information from of Investment Management since rule
temporarily suspend such rule change if submissions. You should submit only 17j–1 was adopted. Amendments to rule
it appears to the Commission that such information that you wish to make 17j–1, which were adopted in 1999,
action is necessary or appropriate in the available publicly. enhanced fund oversight of personal
public interest, for the protection of All submissions should refer to File investment activities and the board’s
investors, or otherwise in furtherance of Number SR–FICC–2015–004 and should role in carrying out that oversight.2
the purposes of the Act. be submitted on or before November 23, Additional amendments to rule 17j–1
IV. Solicitation of Comments 2015. were made in 2004, conforming rule
For the Commission, by the Division 17j–1 to rule 204A–1 under the
Interested persons are invited to of Trading and Markets, pursuant to Investment Advisers Act of 1940 (15
submit written data, views and delegated authority.22 U.S.C. 80b), avoiding duplicative
arguments concerning the foregoing, reporting, and modifying certain
including whether the proposed rule Robert W. Errett,
definitions and time restrictions.3
change is consistent with the Act. Deputy Secretary. Section 17(j) makes it unlawful for
Comments may be submitted by any of [FR Doc. 2015–27797 Filed 10–30–15; 8:45 am] persons affiliated with a registered
the following methods: BILLING CODE 8011–01–P investment company (‘‘fund’’) or with
Electronic Comments the fund’s investment adviser or
principal underwriter (each a ‘‘17j–1
• Use the Commission’s Internet SECURITIES AND EXCHANGE organization’’), in connection with the
comment form (http://www.sec.gov/ COMMISSION purchase or sale of securities held or to
rules/sro.shtml); or be acquired by the investment company,
• Send an email to rule-comments@ [SEC File No. 270–239, OMB Control No.
to engage in any fraudulent, deceptive,
sec.gov. Please include File Number SR– 3235–0224; Extension: Rule 17j 1]
or manipulative act or practice in
FICC–2015–004 on the subject line. Submission for OMB Review; contravention of the Commission’s rules
Paper Comments Comment Request and regulations. Section 17(j) also
• Send paper comments in triplicate authorizes the Commission to
Upon Written Request, Copies Available promulgate rules requiring 17j–1
to Secretary, Securities and Exchange From: Securities and Exchange
Commission, 100 F Street NE., organizations to adopt codes of ethics.
Commission, Office of Investor In order to implement section 17(j),
Washington, DC 20549–1090. Education and Advocacy, rule 17j–1 imposes certain requirements
All submissions should refer to File Washington, DC 20549–0213 on 17j–1 organizations and ‘‘Access
Number SR–FICC–2015–004. This file Notice is hereby given that, pursuant Persons’’ 4 of those organizations. The
number should be included on the to the Paperwork Reduction Act of 1995
subject line if email is used. To help the (44 U.S.C. 3501–3520), the Securities 1 Prevention of Certain Unlawful Activities with
Commission process and review your and Exchange Commission (the Respect to Registered Investment Companies,
comments more efficiently, please use ‘‘Commission’’) has submitted to the Investment Company Act Release No. 11421 (Oct.
only one method. The Commission will 31, 1980) (45 FR 73915 (Nov. 7, 1980)).
Office of Management and Budget a 2 Personal Investment Activities of Investment
post all comments on the Commission’s request for extension of the previously Company Personnel, Investment Company Act
Internet Web site (http://www.sec.gov/ approved collection of information Release No. 23958 (Aug. 20, 1999) (64 FR 46821
rules/sro.shtml). Copies of the discussed below. (Aug. 27, 1999)).
submission, all subsequent Conflicts of interest between
3 Investment Adviser Codes of Ethics, Investment

amendments, all written statements Advisers Act Release No. 2256 (Jul. 2, 2004) (69 FR
investment company personnel (such as 41696 (Jul. 9, 2004)).
with respect to the proposed rule portfolio managers) and their funds can 4 Rule 17j–1(a)(1) defines an ‘‘access person’’ as
change that are filed with the arise when these persons buy and sell ‘‘Any Advisory Person of a Fund or of a Fund’s
Commission, and all written securities for their own accounts investment adviser. If an investment adviser’s
communications relating to the primary business is advising Funds or other
(‘‘personal investment activities’’). advisory clients, all of the investment adviser’s
proposed rule change between the These conflicts arise because fund directors, officers, and general partners are
Commission and any person, other than personnel have the opportunity to profit presumed to be Access Persons of any Fund advised
those that may be withheld from the from information about fund by the investment adviser. All of a Fund’s directors,
public in accordance with the officers, and general partners are presumed to be
transactions, often to the detriment of Access Persons of the Fund.’’ The definition of
provisions of 5 U.S.C. 552, will be fund investors. Beginning in the early
asabaliauskas on DSK5VPTVN1PROD with NOTICES

Access Person also includes ‘‘Any director, officer
available for Web site viewing and 1960s, Congress and the Securities and or general partner of a principal underwriter who,
printing in the Commission’s Public in the ordinary course of business, makes,
Exchange Commission (‘‘Commission’’) participates in or obtains information regarding, the
Reference Room, 100 F Street NE., sought to devise a regulatory scheme to purchase or sale of Covered Securities by the Fund
effectively address these potential for which the principal underwriter acts, or whose
21 For purposes only of waiving the 30-day functions or duties in the ordinary course of
conflicts. These efforts culminated in
operative delay, the Commission has also business relate to the making of any
considered the proposed rule’s impact on the addition of section 17(j) to the recommendation to the Fund regarding the
efficiency, competition, and capital formation. See purchase or sale of Covered Securities.’’ Rule 17j–
15 U.S.C. 78c(f). 22 17 CFR 200.30–3(a)(12). 1(a)(1).

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67454 Federal Register / Vol. 80, No. 211 / Monday, November 2, 2015 / Notices

Dyson, Director/Chief Information on the proposed rule change. The text accurate record of overall trading
Officer, Securities and Exchange of those statements may be examined at activity in NYSE-listed stocks.’’ 5 The
Commission, c/o Remi Pavlik-Simon, the places specified in Item IV below. Rule 410B reporting requirement would
100 F Street NE., Washington, DC 20549 The Exchange has prepared summaries, thus ‘‘augment and enhance’’ the
or send an email to: PRA_Mailbox@ set forth in sections A, B, and C below, NYSE’s ability to ‘‘surveil for and
sec.gov. Comments must be submitted to of the most significant parts of such investigate, among other matters, insider
OMB within 30 days of this notice. statements. trading, frontrunning and manipulative
Dated: October 27, 2015. activities’’ and ‘‘provide a more
A. Self-Regulatory Organization’s
Robert W. Errett, complete audit trail and depiction of
Statement of the Purpose of, and the
Deputy Secretary.
member trading in each NYSE-listed
Statutory Basis for, the Proposed Rule
stock, which should facilitate
[FR Doc. 2015–27802 Filed 10–30–15; 8:45 am] Change
surveillance by the Exchange in NYSE-
BILLING CODE 8011–01–P
1. Purpose listed stocks.’’ 6
The Exchange proposes to delete Rule Despite the significant changes to the
410B—Equities (‘‘Rule 410B’’), which marketplace and the regulatory
SECURITIES AND EXCHANGE
sets forth certain regulatory reporting landscape in the ensuing decades, the
COMMISSION
requirements for member or member Exchange adopted Rule 410B without
[Release No. 34–76276; File No. SR– amendment in 2008.7
NYSEMKT–2015–80] organizations effecting off-Exchange
transactions in Exchange listed Changes to Regulatory Landscape
Self-Regulatory Organizations; NYSE securities that are not reported to the On July 30, 2007, the NASD, NYSE,
MKT LLC; Notice of Filing of Proposed Consolidated Tape, and to make and NYSE Regulation, Inc. (‘‘NYSE
Rule Change Deleting Rule 410B conforming amendments to Rule 476A Regulation’’) consolidated their member
Equities Governing Reporting to delete a reference to Rule 410B. firm regulation operations to create the
Requirements for Off-Exchange Background Financial Industry Regulatory
Transactions Authority, Inc. (‘‘FINRA’’), and entered
Rule 410B
October 27, 2015. into a plan to allocate to FINRA
Pursuant to Section 19(b)(1) 1 of the Currently, Rule 410B requires regulatory responsibility for common
Securities Exchange Act of 1934 (the members or member organizations to rules and common members (‘‘17d-2
‘‘Act’’) 2 and Rule 19b–4 thereunder,3 report to the Exchange transactions in Agreement’’).8 The Exchange was added
notice is hereby given that, on October NYSE-listed securities effected for the as a party to the 17d-2 Agreement in
16, 2015, NYSE MKT LLC (the account of a member or member 2009.9 In 2008, the Exchange, NASD,
‘‘Exchange’’ or ‘‘NYSE MKT’’) filed with organization, or for the account of a NYSE, and NYSE Regulation also
the Securities and Exchange customer of a member or member entered into a plan to allocate to FINRA
Commission (the ‘‘Commission’’) the organization, that are not reported to the regulatory responsibility over common
proposed rule change as described in Consolidated Tape. Reports prepared FINRA members for surveillance,
Items I, II, and III below, which Items pursuant to the Rule must contain the investigation, and enforcement of
have been prepared by the self- following information: insider trading with respect to NYSE–
regulatory organization. The • Time and date of the transaction; MKT listed stocks, among others,
Commission is publishing this notice to • stock symbol of the listed security; irrespective of where the relevant
solicit comments on the proposed rule • number of shares; trading occurred (the ‘‘Insider Trading
change from interested persons. • price; Plan’’).10 On June 14, 2010, FINRA was
• marketplace where the transaction retained to perform the residual market
I. Self-Regulatory Organization’s was executed; surveillance and enforcement functions
Statement of the Terms of Substance of • an indication whether the that had, up to that point, been
the Proposed Rule Change transaction was a buy (B), sell (S) or performed by NYSE Regulation.11 In
The Exchange proposes to delete Rule cross (C);
410B—Equities governing reporting • an indication whether the 5 See Securities Exchange Act Release No. 31358

requirements for off-Exchange transaction was executed as principal or (October 26, 1992), 57 FR 1294 (January 6, 1992)
transactions. The text of the proposed agent; and (SR–NYSE–91–45) (‘‘Rule 410B Approval Order’’).

rule change is available on the • the name of the contra-side broker- 6 See id., 57 FR at 1294.
7 See Securities Exchange Act Release No. 58265
Exchange’s Web site at www.nyse.com, dealer to the trade.4
(July 30, 2008), 73 FR 46075, 46078 (August 7,
at the principal office of the Exchange, Rule 410B was adopted by the 2008) (SR–Amex–2008–63).
and at the Commission’s Public Exchange’s affiliate the New York Stock 8 See Securities Exchange Act Release No. 56148

Reference Room. Exchange LLC (‘‘NYSE’’) in 1992. At the (July 26, 2007), 72 FR 42146 (August 1, 2007) (File
time, transactions in NYSE-listed stocks No. 4–544) (Notice of Filing and Order Approving
II. Self-Regulatory Organization’s and Declaring Effective a Plan for the Allocation of
effected outside of business hours or in Regulatory Responsibilities). In 2007, the NASD,
Statement of the Purpose of, and foreign markets were not reported to the NYSE, the Exchange and NYSE Regulation also
Statutory Basis for, the Proposed Rule Consolidated Tape and, with the entered into a Regulatory Services Agreement
Change exception of program trading (‘‘RSA’’), whereby FINRA was retained to perform
certain regulatory services for non-common rules.
information, were not reported to the
asabaliauskas on DSK5VPTVN1PROD with NOTICES

In its filing with the Commission, the 9 See Securities Exchange Act Release No. 60409
self-regulatory organization included Exchange. The Exchange (then the New (July 30, 2009), 74 FR 39353 (August 6, 2009) (File
statements concerning the purpose of, York Stock Exchange, Inc.) believed that No. 4–587).
and basis for, the proposed rule change ‘‘all transactions in NYSE-listed stocks 10 See Securities Exchange Act Release No. 54646

that are not reported to the Consolidated (September 12, 2008), 73 FR 54646 (September 22,
and discussed any comments it received 2008) (File No. 4–566). See also Securities Exchange
Tape should be reported to the Act Release No. 58806 (October 17, 2008), 73 FR
1 15 U.S.C. 78s(b)(1). Exchange in order to provide an 63216 (October 23, 2008) (File No. 4–566).
2 15 U.S.C. 78a. 11 See note 8, supra; Securities Exchange Act
3 17 CFR 240.19b–4. 4 See Rule 410B. Release No. 62355 (June 22, 2010), 75 FR 36729

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Document Created: 2018-03-01 11:30:33
Document Modified: 2018-03-01 11:30:33
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 67452