80_FR_73240 80 FR 73015 - Submission for OMB Review; Comment Request

80 FR 73015 - Submission for OMB Review; Comment Request

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 80, Issue 225 (November 23, 2015)

Page Range73015-73016
FR Document2015-29745

Federal Register, Volume 80 Issue 225 (Monday, November 23, 2015) 
[Federal Register Volume 80, Number 225 (Monday, November 23, 2015)]
[Notices]
[Pages 73015-73016]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-29745]


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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:
    Form N-8F, SEC File No. 270-136, OMB Control No. 3235-0157.

    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 (the ``Commission'') is soliciting comments on the 
collection of information summarized below. The Commission plans to 
submit this existing collection of information to the Office of 
Management and Budget for extension and approval.
    Form N-8F (17 CFR 274.218) is the form prescribed for use by 
registered investment companies in certain circumstances to request 
orders of the Commission declaring that the registration of that 
investment company cease to be in effect. The form requests information 
about: (i) The investment company's identity, (ii) the investment 
company's distributions, (iii) the investment company's assets and 
liabilities, (iv) the events leading to the request to deregister, and 
(v) the conclusion of the investment company's business. The 
information is needed by the Commission to determine whether an order 
of deregistration is appropriate.
    The Form takes approximately 5.2 hours on average to complete. It 
is estimated that approximately 150 investment companies file Form N-8F 
annually, so the total annual burden for the form is estimated to be 
approximately 780 hours. The estimate of average burden hours is made 
solely for the purposes of the Paperwork Reduction Act and is not 
derived from a comprehensive or even a representative survey or study.
    The collection of information on Form N-8F is not mandatory. The 
information provided on Form N-8F is not kept confidential. 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 OMB 
control number.
    Written comments are requested on: (i) Whether the collections of 
information are necessary for the proper performance of the functions 
of the Commission, including whether the information has practical 
utility; (ii) the

[[Page 73016]]

accuracy of the Commission's estimate of the burdens of the collection 
of information; (iii) ways to enhance the quality, utility, and clarity 
of the information collected; and (iv) ways to minimize the burden of 
the collection of information on respondents, including through the use 
of automated collection techniques or other forms of information 
technology. Consideration will be given to comments and suggestions 
submitted in writing within 60 days of this publication.
    Please direct your written comments to Pamela Dyson, 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.

    Dated: November 16, 2015.
 Robert W. Errett,
Deputy Secretary.
[FR Doc. 2015-29745 Filed 11-20-15; 8:45 am]
 BILLING CODE 8011-01-P

Federal Register / Vol. 80, No. 225 / Monday, November 23, 2015 / Notices 73015 the Market Access Rule. The Exchange Electronic Comments SECURITIES AND EXCHANGE has the ability to remove access to the COMMISSION port 20 at any time if the activity of the • Use the Commission’s Internet Sponsored Participant would warrant comment form (http://www.sec.gov/ Submission for OMB Review; such removal. Finally, Nasdaq Rule rules/sro.shtml); or Comment Request 4615 is currently applicable to all • Send an email to rule-comments@ Upon Written Request, Copies Available Nasdaq members that desire to sponsor sec.gov. Please include File Number SR– From: Securities and Exchange access for its customers and applies to NASDAQ–2015–140 on the subject line. Commission, Office of FOIA Services, trading in all securities on the 100 F Street NE., Washington, DC Paper Comments Exchange. 20549–2736. C. Self-Regulatory Organization’s • Send paper comments in triplicate Extension: Statement on Comments on the to Secretary, Securities and Exchange Form N–8F, SEC File No. 270–136, Proposed Rule Change Received From Commission, 100 F Street NE., OMB Control No. 3235–0157. Members, Participants, or Others Washington, DC 20549–1090. Notice is hereby given that, pursuant All submissions should refer to File to the Paperwork Reduction Act of 1995 No written comments were either solicited or received. Number SR–NASDAQ–2015–140. This (44 U.S.C. 3501 et seq.), the Securities file number should be included on the and Exchange Commission (the III. Date of Effectiveness of the subject line if email is used. To help the ‘‘Commission’’) is soliciting comments Proposed Rule Change and Timing for Commission process and review your on the collection of information Commission Action comments more efficiently, please use summarized below. The Commission only one method. The Commission will plans to submit this existing collection Because the foregoing proposed rule of information to the Office of post all comments on the Commission’s change does not: (i) Significantly affect Management and Budget for extension Internet Web site (http://www.sec.gov/ the protection of investors or the public and approval. rules/sro.shtml). Copies of the interest; (ii) impose any significant Form N–8F (17 CFR 274.218) is the submission, all subsequent burden on competition; and (iii) become form prescribed for use by registered amendments, all written statements operative for 30 days from the date on investment companies in certain with respect to the proposed rule which it was filed, or such shorter time circumstances to request orders of the as the Commission may designate, it has change that are filed with the Commission declaring that the become effective pursuant to Section Commission, and all written registration of that investment company 19(b)(3)(A)(iii) of the Act 21 and communications relating to the cease to be in effect. The form requests subparagraph (f)(6) of Rule 19b–4 proposed rule change between the information about: (i) The investment thereunder.22 Commission and any person, other than company’s identity, (ii) the investment those that may be withheld from the company’s distributions, (iii) the At any time within 60 days of the public in accordance with the filing of the proposed rule change, the investment company’s assets and provisions of 5 U.S.C. 552, will be liabilities, (iv) the events leading to the Commission summarily may available for Web site viewing and temporarily suspend such rule change if request to deregister, and (v) the printing in the Commission’s Public conclusion of the investment company’s it appears to the Commission that such Reference Room, 100 F Street NE., business. The information is needed by action is: (i) Necessary or appropriate in Washington, DC 20549, on official the Commission to determine whether the public interest; (ii) for the protection business days between the hours of an order of deregistration is appropriate. of investors; or (iii) otherwise in 10:00 a.m. and 3:00 p.m. Copies of the The Form takes approximately 5.2 furtherance of the purposes of the Act. filing also will be available for hours on average to complete. It is If the Commission takes such action, the inspection and copying at the principal estimated that approximately 150 Commission shall institute proceedings office of the Exchange. All comments investment companies file Form N–8F to determine whether the proposed rule received will be posted without change; annually, so the total annual burden for should be approved or disapproved. The the Commission does not edit personal the form is estimated to be Exchange has provided the Commission identifying information from approximately 780 hours. The estimate written notice of its intent to file the of average burden hours is made solely proposed rule change, along with a brief submissions. You should submit only information that you wish to make for the purposes of the Paperwork description and text of the proposed Reduction Act and is not derived from rule change, at least five business days available publicly. All submissions should refer to File Number SR– a comprehensive or even a prior to the date of filing of the representative survey or study. proposed rule change. NASDAQ–2015–140 and should be The collection of information on Form submitted on or before December 14, IV. Solicitation of Comments N–8F is not mandatory. The information 2015. provided on Form N–8F is not kept Interested persons are invited to For the Commission, by the Division of confidential. An agency may not submit written data, views, and Trading and Markets, pursuant to delegated conduct or sponsor, and a person is not arguments concerning the foregoing, authority.23 required to respond to, a collection of including whether the proposed rule Robert W. Errett, information unless it displays a wgreen on DSK2VPTVN1PROD with NOTICES change is consistent with the Act. Deputy Secretary. currently-valid OMB control number. Comments may be submitted by any of [FR Doc. 2015–29713 Filed 11–20–15; 8:45 am] Written comments are requested on: the following methods: (i) Whether the collections of BILLING CODE 8011–01–P information are necessary for the proper 20 See note 9. performance of the functions of the 21 15 U.S.C. 78s(b)(3)(a)(iii). Commission, including whether the 22 17 CFR 240.19b–4(f)(6). 23 17 CFR 200.30–3(a)(12). information has practical utility; (ii) the VerDate Sep<11>2014 14:25 Nov 20, 2015 Jkt 238001 PO 00000 Frm 00071 Fmt 4703 Sfmt 4703 E:\FR\FM\23NON1.SGM 23NON1

73016 Federal Register / Vol. 80, No. 225 / Monday, November 23, 2015 / Notices accuracy of the Commission’s estimate The text of the proposed rule change or modify a previously established limit, of the burdens of the collection of is available at nasdaq.cchwallstreet.com upon prior written notice to members. information; (iii) ways to enhance the at Nasdaq principal office [sic], and at Nasdaq sets minimum performance quality, utility, and clarity of the the Commission’s Public Reference criteria to qualify as a LMM. These information collected; and (iv) ways to Room. minimum performance standards are minimize the burden of the collection of determined by Nasdaq from time to time information on respondents, including II. Self-Regulatory Organization’s and may vary depending on the price, through the use of automated collection Statement of the Purpose of, and liquidity, and volatility of the Qualified techniques or other forms of information Statutory Basis for, the Proposed Rule Security in which the LMM is technology. Consideration will be given Change registered. Nasdaq may apply to comments and suggestions submitted In its filing with the Commission, performance measurements that include in writing within 60 days of this Nasdaq included statements concerning one or more of the following: (A) publication. the purpose of, and basis for, the Percent of time at the national best bid Please direct your written comments proposed rule change and discussed any (best offer) (‘‘NBBO’’); (B) percent of to Pamela Dyson, Director/Chief comments it received on the proposed executions better than the NBBO; (C) Information Officer, Securities and rule change. The text of those average displayed size; and (D) average Exchange Commission, C/O Remi statements may be examined at the quoted spread (collectively, ‘‘LMM Pavlik-Simon, 100 F Street NE., places specified in Item IV below. The Criteria’’). The LMM Criteria will be Washington, DC 20549; or send an email Exchange has prepared summaries, set established upon written notice to to: PRA_Mailbox@sec.gov. forth in sections A, B, and C below, of members. Currently, the established Dated: November 16, 2015. the most significant parts of such LMM Criteria requires a LMM to be at Robert W. Errett, statements. the NBBO more than 15% of the time.4 Deputy Secretary. A. Self-Regulatory Organization’s The Exchange is proposing to provide [FR Doc. 2015–29745 Filed 11–20–15; 8:45 am] Statement of the Purpose of, and higher rebates to LMMs the greater Statutory Basis for, the Proposed Rule percentage of the time they are at the BILLING CODE 8011–01–P Change NBBO. Specifically, the Exchange is creating three rebate tiers. The first tier SECURITIES AND EXCHANGE 1. Purpose will provide a LMM a rebate of $0.004 COMMISSION Nasdaq is proposing to amend Rule per share executed for displayed 7014 to add new tiers to the Lead liquidity (for executions above $1) if the [Release No. 34–76450; File No. SR– LMM is at the NBBO more than 15% of NASDAQ–2015–137] Market Maker (‘‘LMM’’) Program and to modify credits provided under Rule the time and up to 20% of the time. The Self-Regulatory Organizations; The 7018(a). second tier will provide a LMM a rebate NASDAQ Stock Market LLC; Notice of of $0.0043 per share executed for Rule 7014 displayed liquidity (for executions Filing and Immediate Effectiveness of Proposed Rule Change To Amend the The Exchange is proposing to modify above $1) if the LMM is at the NBBO Market Quality Incentive Program and the benefits provided by the LMM more than 20% of the time and up to Certain Other Fees and Credits for Program under Rule 7014. Under the 50% of the time. The third tier will Execution and Routing LMM Program, a LMM may receive a provide a LMM a rebate of $0.0046 per credit of $0.004 per share executed (or share executed for displayed liquidity November 17, 2015. $0, in the case of executions against (for executions above $1) if the LMM is Pursuant to Section 19(b)(1) of the Quotes/Orders in the Nasdaq Market at the NBBO more than 50% of the time. Securities Exchange Act of 1934 Center at less than $1.00 per share) if it As is the case currently under the LMM (‘‘Act’’) 1 and Rule 19b–4 thereunder,2 provides displayed liquidity through the Program, a LMM will not receive a notice is hereby given that on November Nasdaq Market Center. The credit rebate for executions less than $1 per 3, 2015, The NASDAQ Stock Market applies to transactions in a Qualified share. LLC (‘‘Nasdaq’’ or the ‘‘Exchange’’) filed Security 3 and is provided in lieu of Under each of the new tiers, the with the Securities and Exchange credits under Rules 7018 and 7014. A Exchange is also providing a new Commission (‘‘Commission’’) a LMM is a registered Nasdaq market maximum fee for participation in the proposed rule change as described in maker for a Qualified Security that has opening and closing crosses as Items I and II below, which Items have committed to maintain minimum additional incentive to LMMs. Under been prepared by the Exchange. The performance standards. A LMM is Rule 7018, a Participant,5 including a Commission is publishing this notice to selected by Nasdaq based on factors LMM, is assessed a per share executed solicit comments on the proposed rule including, but not limited to, experience charge of $0.0015 to $0.0008 for change from interested persons. with making markets in exchange- participation in the Opening and I. Self-Regulatory Organization’s traded funds and index-linked Closing Crosses.6 Under the LMM Statement of the Terms of the Substance securities, adequacy of capital, Program, the Exchange is proposing to of the Proposed Rule Change willingness to promote Nasdaq as a cap the fee a LMM is charged if they marketplace, issuer preference, qualify for one of the three new tiers. Nasdaq is proposing to amend Nasdaq Specifically, Nasdaq will provide a Rule 7014, concerning the Exchange’s operational capacity, support personnel, and history of adherence to Nasdaq maximum Opening and Closing Cross Market Quality Incentive Programs, and wgreen on DSK2VPTVN1PROD with NOTICES rules and securities laws. Nasdaq may fee of $0.0010 per share executed to a Nasdaq Rule 7018, governing fees and LMM that qualifies under the first tier credits assessed for execution and limit the number of LMMs in a security, routing of securities priced at $1 or 3 A Qualified Security: (1) Is an exchange-traded 4 See Equity Trader Alert 2015–109 (http:// more. fund or index-linked security listed on Nasdaq www.nasdaqtrader.com/ pursuant to Nasdaq Rules 5705, 5710, or 5720; and TraderNews.aspx?id=ETA2015-109). 1 15 U.S.C. 78s(b)(1). 5 As defined by Rule 4701(c). (2) has at least one Lead Market Maker. See Rule 2 17 CFR 240.19b–4. 7014(f)(1). 6 See Rule 7018(d) and (e). 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Document Created: 2018-03-01 11:18:37
Document Modified: 2018-03-01 11:18:37
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
FR Citation80 FR 73015 
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