80 FR 71870 - Sunshine Act Meeting

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 80, Issue 221 (November 17, 2015)

Page Range		71870-71871
FR Document		2015-29408

Federal Register, Volume 80 Issue 221 (Tuesday, November 17, 2015)

[Federal Register Volume 80, Number 221 (Tuesday, November 17, 2015)]
[Notices]
[Pages 71870-71871]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-29408]


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SECURITIES AND EXCHANGE COMMISSION


Sunshine Act Meeting

    Notice is hereby given, pursuant to the provisions of the 
Government in the Sunshine Act, Public Law 94-409, that the Securities 
and Exchange Commission will hold a Closed Meeting on Thursday, 
November 19, 2015 at 4 p.m.
    Commissioners, Counsel to the Commissioners, the Secretary to the 
Commission, and recording secretaries will attend the Closed Meeting. 
Certain staff members who have an interest in the matters also may be 
present.
    The General Counsel of the Commission, or her designee, has 
certified that, in her opinion, one or more of the exemptions set forth 
in 5 U.S.C. 552b(c)(3), (5), (7), 9(B) and (10) and 17 CFR 
200.402(a)(3), (5), (7), 9(ii) and (10), permit consideration of the 
scheduled matter at the Closed Meeting.
    Commissioner Stein, as duty officer, voted to consider the items 
listed for the Closed Meeting in closed session.
    The subject matter of the Closed Meeting will be:
    Institution and settlement of injunctive actions;
    Institution and settlement of administrative proceedings; and
    Other matters relating to enforcement proceedings.
    At times, changes in Commission priorities require alterations in 
the scheduling of meeting items.
    For further information and to ascertain what, if any, matters have 
been added, deleted or postponed, please contact the Office of the 
Secretary at (202) 551-5400.


[[Page 71871]]


    Dated: November 12, 2015.
Brent J. Fields,
Secretary.
[FR Doc. 2015-29408 Filed 11-13-15; 11:15 am]
 BILLING CODE 8011-01-P

71870 Federal Register / Vol. 80, No. 221 / Tuesday, November 17, 2015 / Notices

records that may pose a threat to the policy, practice or interpretation with Internet Web site at www.nyse.com. All
safety of Exchange personnel or the respect to the meaning, administration, comments received will be posted
security of facilities and records, or enforcement of an existing rule. without change; the Commission does
thereby enhancing business continuity, At any time within 60 days of the not edit personal identifying
workplace safety and the security of the filing of the proposed rule change, the information from submissions. You
Exchange’s operations and helping to Commission summarily may should submit only information that
protect investors and the public interest. temporarily suspend such rule change if you wish to make available publicly. All
Continuing to run fingerprint-based it appears to the Commission that such submissions should refer to File
background checks is imperative for the action is necessary or appropriate in the Number SR–NYSE–2015–45 and should
Exchange and its affiliates, as this public interest, for the protection of be submitted on or before December 8,
process helps to identify persons with investors, or otherwise in furtherance of 2015.
criminal history records who may pose the purposes of the Act. If the
For the Commission, by the Division of
a threat to the safety of Exchange Commission takes such action, the Trading and Markets, pursuant to delegated
personnel and/or the security of Commission will institute proceedings authority.17
Exchange facilities and records. This to determine whether the proposed rule Robert W. Errett,
identification and screening process change should be approved or
Deputy Secretary.
thus enhances business continuity, disapproved.
[FR Doc. 2015–29228 Filed 11–16–15; 8:45 am]
workplace safety, and the security of the IV. Solicitation of Comments BILLING CODE 8011–01–P
Exchange’s operations. The use of an
FBI-approved Channel Partner in some Interested persons are invited to
or all phases of this process is consistent submit written data, views, and
arguments concerning the foregoing, SECURITIES AND EXCHANGE
with Rule 28 and applicable state and COMMISSION
federal law, and in furtherance of the including whether the proposed rule
important objectives described herein. change is consistent with the Act.
Comments may be submitted by any of Sunshine Act Meeting
Additionally, the use of a Channel
Partner is consistent with the the following methods: Notice is hereby given, pursuant to
fingerprinting method currently Electronic Comments the provisions of the Government in the
employed by other SROs.13 For all these Sunshine Act, Public Law 94–409, that
• Use the Commission’s Internet
reasons, the proposal is also designed to the Securities and Exchange
comment form (http://www.sec.gov/
protect investors as well as the public Commission will hold a Closed Meeting
rules/sro.shtml); or
interest. • Send an email to rule-comments@ on Thursday, November 19, 2015 at 4
sec.gov. Please include File Number SR– p.m.
B. Self-Regulatory Organization’s
NYSE–2015–45 on the subject line. Commissioners, Counsel to the
Statement on Burden on Competition
Commissioners, the Secretary to the
The Exchange does not believe that Paper Comments Commission, and recording secretaries
the proposed rule change would impose • Send paper comments in triplicate will attend the Closed Meeting. Certain
any burden on competition that is not to Brent J. Fields, Secretary, Securities staff members who have an interest in
necessary or appropriate in furtherance and Exchange Commission, 100 F Street the matters also may be present.
of the purposes of the Act. The NE., Washington, DC 20549–1090. The General Counsel of the
proposed rule change would enhance All submissions should refer to File Commission, or her designee, has
the security of the Exchange’s facilities Number SR–NYSE–2015–45. This file certified that, in her opinion, one or
and records without adding any burden number should be included on the more of the exemptions set forth in 5
on market participants and allow the subject line if email is used. To help the U.S.C. 552b(c)(3), (5), (7), 9(B) and (10)
Exchange continued compliance with Commission process and review your and 17 CFR 200.402(a)(3), (5), (7), 9(ii)
its fingerprinting rules and with Section comments more efficiently, please use and (10), permit consideration of the
17(f)(2) of the Act as amended by the only one method. The Commission will scheduled matter at the Closed Meeting.
Dodd-Frank Act.14 post all comments on the Commission’s Commissioner Stein, as duty officer,
C. Self-Regulatory Organization’s Internet Web site (http://www.sec.gov/ voted to consider the items listed for the
Statement on Comments on the rules/sro.shtml). Copies of the Closed Meeting in closed session.
Proposed Rule Change Received From submission, all subsequent The subject matter of the Closed
Members, Participants, or Others amendments, all written statements Meeting will be:
with respect to the proposed rule Institution and settlement of
No written comments were solicited
change that are filed with the injunctive actions;
or received with respect to the proposed
Commission, and all written
rule change. Institution and settlement of
communications relating to the
administrative proceedings; and
III. Date of Effectiveness of the proposed rule change between the
Proposed Rule Change and Timing for Commission and any person, other than Other matters relating to enforcement
Commission Action those that may be withheld from the proceedings.
public in accordance with the At times, changes in Commission
The foregoing rule change has become priorities require alterations in the
effective pursuant to Section 19(b)(3)(A) provisions of 5 U.S.C. 552, will be
scheduling of meeting items.
mstockstill on DSK4VPTVN1PROD with NOTICES

of the Act 15 and Rule 19b–4(f)(1) 16 available for Web site viewing and
thereunder. The proposed rule change printing in the Commission’s Public For further information and to
effects a change that constitutes a stated Reference Room, 100 F Street NE., ascertain what, if any, matters have been
Washington, DC 20549 on official added, deleted or postponed, please
13 See note 9, supra. business days between 10 a.m. and 3 contact the Office of the Secretary at
14 See Section 929S of the Dodd-Frank Act. p.m. Copies of the filing will also be (202) 551–5400.
15 15 U.S.C. 78s(b)(3)(A). available for inspection and copying at
16 17 CFR 240.19b–4(f)(6). the NYSE’s principal office and on its 17 17 CFR 200.30–3(a)(12).

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Federal Register / Vol. 80, No. 221 / Tuesday, November 17, 2015 / Notices 71871

Dated: November 12, 2015. dealer 1 and that the average amount of Dated: November 10, 2015.
Brent J. Fields, time to prepare and file the annual audit Robert W. Errett,
Secretary. report is 100 hours per OTC derivatives Deputy Secretary.
[FR Doc. 2015–29408 Filed 11–13–15; 11:15 am] dealer per year, for a total reporting [FR Doc. 2015–29202 Filed 11–16–15; 8:45 am]
BILLING CODE 8011–01–P
burden of 180 hours per OTC BILLING CODE 8011–01–P
derivatives dealer annually. Thus the
staff estimates that the total industry-
SECURITIES AND EXCHANGE wide reporting burden to comply with SECURITIES AND EXCHANGE
COMMISSION the requirements of Rule 17a–12 is 900 COMMISSION
hours per year (180 × 5). Further, the
Submission for OMB Review; Commission estimates that the total [Release No. 34–76419; File No. SR–BATS–
Comment Request internal compliance cost associated 2015–99]
with this requirement is approximately
Upon Written Request, Copies Available $255,000 per year.2 The average annual Self-Regulatory Organizations; BATS
From: Securities and Exchange reporting cost per broker-dealer for an Exchange, Inc.; Notice of Filing and
Commission, Office of FOIA Services, independent public accountant to Immediate Effectiveness of a Proposed
100 F Street NE., Washington, DC examine the financial statements is Rule Change Related to Fees
20549–2736. approximately $46,300 per broker-
November 10, 2015.
Extension: dealer. Thus, the total industry-wide
Rule 17a–12/Form X–17A–5 Part IIB; SEC annual reporting cost is approximately Pursuant to Section 19(b)(1) of the
File No. 270–442, OMB Control No. $231,500 ($46,300 × 5). Securities Exchange Act of 1934 (the
3235–0498. ‘‘Act’’),1 and Rule 19b–4 thereunder,2
An agency may not conduct or
sponsor, and a person is not required to notice is hereby given that on November
Notice is hereby given that pursuant 2, 2015, BATS Exchange, Inc. (the
to the Paperwork Reduction Act of 1995 respond to, a collection of information
unless it displays a currently valid OMB ‘‘Exchange’’ or ‘‘BATS’’) filed with the
(‘‘PRA’’) (44 U.S.C. 3501 et seq.), the
Securities and Exchange Commission
Securities and Exchange Commission control number.
(‘‘Commission’’) the proposed rule
(‘‘Commission’’) has submitted to the The public may view background change as described in Items I, II and III
Office of Management and Budget documentation for this information below, which Items have been prepared
(‘‘OMB’’) a request for approval of collection at the following Web site: by the Exchange. The Exchange has
extension of the previously approved www.reginfo.gov. Comments should be designated the proposed rule change as
collection of information provided for in directed to: (i) Desk Officer for the one establishing or changing a member
Rule 17a–12 (17 CFR 240.17a–12) and Securities and Exchange Commission, due, fee, or other charge imposed by the
Part IIB of Form X–17A–5 (17 CFR
Office of Information and Regulatory Exchange under Section 19(b)(3)(A)(ii)
249.617) under the Securities Exchange
Affairs, Office of Management and of the Act 3 and Rule 19b–4(f)(2)
Act of 1934 (15 U.S.C. 78a et seq.).
Budget, Room 10102, New Executive thereunder,4 which renders the
Rule17a–12 requires OTC derivatives Office Building, Washington, DC 20503, proposed rule change effective upon
dealers to file quarterly Financial and or by sending an email to: Shagufta_ filing with the Commission. The
Operational Combined Uniform Single Ahmed@omb.eop.gov; and (ii) Pamela Commission is publishing this notice to
Reports (‘‘FOCUS’’ reports) on Part IIB Dyson, Director/Chief Information solicit comments on the proposed rule
of Form X–17A–5, the basic document Officer, Securities and Exchange change from interested persons.
for reporting the financial and
Commission, c/o Remi Pavlik-Simon, I. Self-Regulatory Organization’s
operational condition of over-the-
100 F Street NE., Washington, DC Statement of the Terms of Substance of
counter (‘‘OTC’’) derivatives dealers.
Rule 17a–12 also requires that OTC 20549, or by sending an email to PRA_ the Proposed Rule Change
derivatives dealers file audited financial Mailbox@sec.gov. Comments must be
statements annually. The reports submitted to OMB within 30 days of The Exchange filed a proposal to
required under Rule 17a–12 provide the this notice. amend its fees and rebates applicable to
Commission with information used to Members 5 and non-members of the
monitor the operations of OTC 1 Based upon an average of 4 responses per year Exchange pursuant to BATS Rules
derivatives dealers and to enforce their and an average of 20 hours spent preparing each 15.1(a) and (c) (‘‘Fee Schedule’’).
response.
compliance with the Commission’s 2 Based on staff experience, an OTC derivatives
The text of the proposed rule change
rules. These reports also enable the is available at the Exchange’s Web site
dealer likely would have a Compliance Manager
Commission to review the business gather the necessary information and prepare and at www.batstrading.com, at the
activities of OTC derivatives dealers and file the quarterly reports and annual audit report principal office of the Exchange, and at
to anticipate, where possible, how these and supporting schedules. According to the the Commission’s Public Reference
dealers may be affected by significant Securities Industry and Financial Markets Room.
economic events. Association Report on Management and
Professional Earnings in the Securities Industry 1 15
There are currently four registered U.S.C. 78s(b)(1).
dated October 2013, which provides base salary and 2 17
OTC derivatives dealers. The staff CFR 240.19b–4.
mstockstill on DSK4VPTVN1PROD with NOTICES

bonus information for middle-management and 3 15 U.S.C. 78s(b)(3)(A)(ii).
expects that one additional firm will professional positions within the securities 4 17 CFR 240.19b–4(f)(2).
register as an OTC derivatives dealer industry, the hourly cost of a compliance manager, 5 The term ‘‘Member’’ is defined as ‘‘any
within the next three years. The staff which the Commission staff has modified to
registered broker or dealer, or any person associated
estimates that the average amount of account for an 1800-hour work year and multiplied with a registered broker or dealer, that has been
by 5.35 to account for bonuses, firm size, employee admitted to membership in the Exchange [sic]. A
time necessary to prepare and file the benefits, and overhead, is approximately $283/hour. Member will have the status of a ‘‘member’’ of the
quarterly reports required by the rule is $283/hour times 900 hours = $254,700, rounded to Exchange as that term is defined in Section 3(a)(3)
eighty hours per OTC derivatives $255,000. of the Act.’’ See Exchange Rule 1.5(n).

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Document Created: 2015-12-14 14:00:12
Document Modified: 2015-12-14 14:00:12

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 71870