80_FR_77633 80 FR 77394 - Self-Regulatory Organizations; C2 Options Exchange, Incorporated; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend the Certificate of Incorporation of Its Parent Company

80 FR 77394 - Self-Regulatory Organizations; C2 Options Exchange, Incorporated; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend the Certificate of Incorporation of Its Parent Company

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 80, Issue 239 (December 14, 2015)

Page Range77394-77396
FR Document2015-31326

Federal Register, Volume 80 Issue 239 (Monday, December 14, 2015) 
[Federal Register Volume 80, Number 239 (Monday, December 14, 2015)]
[Notices]
[Pages 77394-77396]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-31326]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-76588; File No. SR-C2-2015-034]


Self-Regulatory Organizations; C2 Options Exchange, Incorporated; 
Notice of Filing and Immediate Effectiveness of Proposed Rule Change To 
Amend the Certificate of Incorporation of Its Parent Company

December 8, 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 November 25, 2015, C2 Options Exchange, Incorporated (the 
``Exchange'' or ``C2'') filed with the Securities and Exchange 
Commission (``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.
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
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I. Self-Regulatory Organization's Statement of the Terms of Substance 
of the Proposed Rule Change

    The Exchange proposes to amend the certificate of incorporation of 
its parent Company, CBOE Holdings, Inc. (``CBOE Holdings''). The text 
of the proposed rule change is available on the Exchange's Web site 
(http://www.cboe.com/AboutCBOE/CBOELegalRegulatoryHome.aspx), at the 
Exchange's Office of the Secretary, 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.

[[Page 77395]]

A. Self-Regulatory Organization's Statement of the Purpose of, and 
Statutory Basis for, the Proposed Rule Change

1. Purpose
    On May 21, 2015, CBOE Holdings' stockholders approved proposed 
amendments to the Certificate. On October 22[sic], 2015, in accordance 
with Article Eleventh of the Certificate, the Exchange submitted a rule 
filing proposing to make the approved amendments to the Certificate.\3\ 
The Exchange notes however, that it inadvertently omitted in its rule 
filing two changes to the Certificate in the Exhibit 5 that had been 
approved by CBOE Holdings' shareholders. In order to conform the 
current Certificate to the Certificate approved by CBOE Holdings' 
shareholders in May 2015, CBOE Holdings proposes to correct the omitted 
changes. First, in Article Third, the Exchange had omitted to eliminate 
the word ``other'' from the following language ``The nature of the 
business or purposes to be conducted or promoted by the Corporation is 
to engage in any other lawful act or activity for which corporations 
may be organized under the GCL.'' The Exchange believes that the 
reference to ``other'' in this section is unnecessary and that the 
change is non-substantive and clarifying in nature. The Exchange notes 
that the proposed change does not affect the rights of shareholders.
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    \3\ See Securities Exchange Act Release No. 76281 (October 27, 
2015), 80 FR 211 [sic] (November 2, 2015) (SR-C2-2015-026).
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    Next, CBOE Holdings proposes to correct an error related to the 
ownership concentration limitation. Particularly, CBOE Holdings had 
proposed to remove references to the 10% ownership concentration 
limitation applicable before CBOE Holdings' initial public offering 
(``IPO'') in 2010, as discussed in SR-C2-2015-026.\4\ This change did 
not change the current ownership concentration limitation, which is 
20%. In Article Sixth, subparagraph (b)(iii), the Exchange 
inadvertently omitted references to both 10% and 20%. Specifically, the 
language ``10% or 20% (as applicable at such time)'' was eliminated in 
its entirety. CBOE Holdings notes that only ``10% or'' and ``(as 
applicable at such time)'' should have been eliminated (i.e., reference 
to 20% should have remained). Accordingly, CBOE Holdings proposes to 
add ``20%'', the current ownership concentration limitation, back into 
Article Sixth, Subparagraph (b)(iii).
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    \4\ Id.
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2. Statutory Basis
    The Exchange believes the proposed rule change is consistent with 
the Securities Exchange Act of 1934 (the ``Act'') and the rules and 
regulations thereunder applicable to the Exchange and, in particular, 
the requirements of Section 6(b) of the Act.\5\ Specifically, the 
Exchange believes the proposed rule change is consistent with the 
Section 6(b)(5) \6\ requirements that the rules of an exchange be 
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 regulating, clearing, 
settling, processing information with respect to, and facilitating 
transactions in securities, to remove impediments to and perfect the 
mechanism of a free and open market and a national market system, and, 
in general, to protect investors and the public interest. Additionally, 
the Exchange believes the proposed rule change is consistent with the 
Section 6(b)(5) \7\ requirement that the rules of an exchange not be 
designed to permit unfair discrimination between customers, issuers, 
brokers, or dealers.
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    \5\ 15 U.S.C. 78f(b).
    \6\ 15 U.S.C. 78f(b)(5).
    \7\ Id.
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    In particular, CBOE Holdings believes the proposed amendments to 
its Certificate are non-substantive and clarifying in nature, 
alleviating potential confusion. Additionally, CBOE Holdings believes 
that conforming the current Certificate to the Certificate approved by 
CBOE Holdings' shareholders on May 21, 2015, alleviates potential 
confusion. The alleviation of potential confusion removes impediments 
to and perfects the mechanism of a free and open market and a national 
market system, and, in general, protect investors and the public 
interest.

B. Self-Regulatory Organization's Statement on Burden on Competition

    Because the proposed rule change relates to the governance of CBOE 
Holdings and not to the operations of the Exchange, 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.

C. Self-Regulatory Organization's Statement on Comments on the Proposed 
Rule Change Received From Members, Participants, or Others

    The Exchange neither solicited nor received comments on the 
proposed rule change.

III. Date of Effectiveness of the Proposed Rule Change and Timing for 
Commission Action

    Because the 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 if consistent with the protection of investors 
and the public interest, the proposed rule change has become effective 
pursuant to Section 19(b)(3)(A) of the Act \8\ and Rule 19b-4(f)(6) 
thereunder.\9\
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    \8\ 15 U.S.C. 78s(b)(3)(A).
    \9\ 17 CFR 240.19b-4(f)(6).
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    In its filing, the Exchange requested that the Commission waive 
both the 5 business day prefiling requirement as well as the 30-day 
operative delay so that the Exchange can expeditiously obtain 
effectiveness, as required by CBOE Holdings' governing documents, for 
two changes approved by CBOE Holdings' shareholders to the Certificate 
of Incorporation of CBOE Holdings that the Exchange failed to correctly 
mark in the recent filing it submitted to seek effectiveness of the 
overall package of shareholder-approved changes.
    The Commission believes that waiving the 5 business day prefiling 
requirement and the 30-day operative delay is consistent with the 
protection of investors and the public interest, as it will allow two 
non-controversial proposed conforming edits to the CBOE Holdings 
Certificate of Incorporation to take effect without delay. The 
Commission notes the Exchange previously filed to amend the Certificate 
and that filing has since become effective. The Exchange represents 
that the change to Article Third is non-substantive and non-
controversial. The change to Article Sixth corrects an obvious 
typographical error, as the language continued to reference the 
ownership concentration limit but failed to include the limit's 
numerical expression. That limit is contained elsewhere in Article 
Sixth (b), including in the opening paragraph. Accordingly, adding a 
reference to the long-standing ``20%'' back to paragraph (b)(iii) is a 
conforming edit to fill an obvious gap created by a rule text marking 
error in the Exchange's recent filing. The two proposed edits do not 
raise any new or novel issues, and allowing these edits to be made 
without further delay will allow the Exchange to promptly update the 
Certificate of Incorporation of CBOE Holdings. For this reason, the

[[Page 77396]]

Commission designates the proposed rule change to be operative upon 
filing.\10\
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    \10\ For purposes only of waiving the 30-day operative delay, 
the Commission has also considered the proposed rule's impact on 
efficiency, competition, and capital formation. See 15 U.S.C. 
78c(f).
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    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 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-C2-2015-034 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-C2-2015-034. 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 the 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-C2-2015-034 and should be 
submitted on or before January 4, 2016.
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    \11\ 17 CFR 200.30-3(a)(12) and (59).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\11\
Brent J. Fields,
Secretary.
[FR Doc. 2015-31326 Filed 12-11-15; 8:45 am]
 BILLING CODE 8011-01-P

77394 Federal Register / Vol. 80, No. 239 / Monday, December 14, 2015 / Notices Commission may designate a shorter • Send an email to rule-comments@ SECURITIES AND EXCHANGE time if such action is consistent with the sec.gov. Please include File Number SR– COMMISSION protection of investors and the public NYSE–2015–63 on the subject line. interest. The Exchange has asked the [Release No. 34–76588; File No. SR–C2– Commission to waive the 30-day Paper Comments 2015–034] operative delay so that the proposed • Send paper comments in triplicate rule change may become operative Self-Regulatory Organizations; C2 to Secretary, Securities and Exchange immediately. The Exchange believes Options Exchange, Incorporated; Commission, 100 F Street NE., that providing greater flexibility in the Notice of Filing and Immediate preparation of the paperwork needed to Washington, DC 20549–1090. Effectiveness of Proposed Rule request a change of DMM unit is in the All submissions should refer to File Change To Amend the Certificate of interests of investors as it is important Number SR–NYSE–2015–63. This file to the maintenance of a high quality Incorporation of Its Parent Company number should be included on the market for an issuer’s stock that the subject line if email is used. To help the December 8, 2015. issuer has a good relationship with its Commission process and review your DMM. As the Exchange notes in its Pursuant to Section 19(b)(1) of the comments more efficiently, please use Securities Exchange Act of 1934 filing, the proposal would better only one method. The Commission will conform the process for changing a (‘‘Act’’),1 and Rule 19b–4 thereunder,2 post all comments on the Commission’s notice is hereby given that, on DMM to that which is used for initially Internet Web site (http://www.sec.gov/ November 25, 2015, C2 Options selecting a DMM. In particular, the officer’s signature that would be rules/sro.shtml). Copies of the Exchange, Incorporated (the ‘‘Exchange’’ required to change a company’s DMM submission, all subsequent or ‘‘C2’’) filed with the Securities and must be that of a senior official at the amendments, all written statements Exchange Commission (‘‘Commission’’) company with a rank of Corporate with respect to the proposed rule the proposed rule change as described Secretary or above. Furthermore, the change that are filed with the in Items I and II below, which Items other rule changes proposed by the Commission, and all written have been prepared by the Exchange. Exchange are also conforming changes communications relating to the The Commission is publishing this that would make the Manual more proposed rule change between the notice to solicit comments on the consistent with the Exchange’s current Commission and any person, other than proposed rule change from interested rules. Based on the foregoing, the those that may be withheld from the persons. Commission believes that waiving the public in accordance with the 30-day operative delay is consistent provisions of 5 U.S.C. 552, will be I. Self-Regulatory Organization’s with the protection of investors and the available for Web site viewing and Statement of the Terms of Substance of public interest. For this reason, the printing in the Commission’s Public the Proposed Rule Change Commission hereby waives the 30-day Reference Room, 100 F Street NE., operative delay and designates the The Exchange proposes to amend the Washington, DC 20549 on official proposal operative upon filing.13 certificate of incorporation of its parent business days between the hours of At any time within 60 days of the Company, CBOE Holdings, Inc. (‘‘CBOE 10:00 a.m. and 3:00 p.m. Copies of such filing of the proposed rule change, the Holdings’’). The text of the proposed Commission summarily may filing also will be available for rule change is available on the temporarily suspend such rule change if inspection and copying at the principal Exchange’s Web site (http:// it appears to the Commission that such offices of the Exchange. All comments www.cboe.com/AboutCBOE/CBOELegal action is necessary or appropriate in the received will be posted without change; RegulatoryHome.aspx), at the public interest, for the protection of the Commission does not edit personal Exchange’s Office of the Secretary, and investors, or otherwise in furtherance of identifying information from at the Commission’s Public Reference the purposes of the Act. If the submissions. You should submit only Room. Commission takes such action, the information that you wish to make Commission shall institute proceedings available publicly. All submissions II. Self-Regulatory Organization’s to determine whether the proposed rule should refer to File Number SR–NYSE– Statement of the Purpose of, and change should be approved or 2015–63, and should be submitted on or Statutory Basis for, the Proposed Rule disapproved. before January 4, 2016. Change IV. Solicitation of Comments For the Commission, by the Division of In its filing with the Commission, the Interested persons are invited to Trading and Markets, pursuant to delegated Exchange included statements submit written data, views, and authority.14 concerning the purpose of and basis for arguments concerning the foregoing, Brent J. Fields, the proposed rule change and discussed including whether the proposed rule Secretary. any comments it received on the change is consistent with the Act. [FR Doc. 2015–31329 Filed 12–11–15; 8:45 am] proposed rule change. The text of these Comments may be submitted by any of BILLING CODE 8011–01–P statements may be examined at the the following methods: places specified in Item IV below. The Electronic Comments Exchange has prepared summaries, set mstockstill on DSK4VPTVN1PROD with NOTICES • Use the Commission’s Internet forth in sections A, B, and C below, of comment form (http://www.sec.gov/ the most significant aspects of such rules/sro.shtml); or statements. 13 For purposes only of waiving the 30-day operative delay, the Commission has considered the 1 15 U.S.C. 78s(b)(1). proposed rule’s impact on efficiency, competition, and capital formation. See 15 U.S.C. 78c(f). 14 17 CFR 200.30–3(a)(12), (59). 2 17 CFR 240.19b–4. VerDate Sep<11>2014 17:36 Dec 11, 2015 Jkt 238001 PO 00000 Frm 00081 Fmt 4703 Sfmt 4703 E:\FR\FM\14DEN1.SGM 14DEN1

Federal Register / Vol. 80, No. 239 / Monday, December 14, 2015 / Notices 77395 A. Self-Regulatory Organization’s 2. Statutory Basis III. Date of Effectiveness of the Statement of the Purpose of, and The Exchange believes the proposed Proposed Rule Change and Timing for Statutory Basis for, the Proposed Rule rule change is consistent with the Commission Action Change Securities Exchange Act of 1934 (the Because the proposed rule change 1. Purpose ‘‘Act’’) and the rules and regulations does not (i) significantly affect the thereunder applicable to the Exchange protection of investors or the public On May 21, 2015, CBOE Holdings’ and, in particular, the requirements of interest; (ii) impose any significant stockholders approved proposed Section 6(b) of the Act.5 Specifically, burden on competition; and (iii) become amendments to the Certificate. On the Exchange believes the proposed rule operative for 30 days from the date on October 22[sic], 2015, in accordance change is consistent with the Section which it was filed, or such shorter time with Article Eleventh of the Certificate, 6(b)(5) 6 requirements that the rules of as the Commission may designate if the Exchange submitted a rule filing an exchange be designed to prevent consistent with the protection of proposing to make the approved fraudulent and manipulative acts and investors and the public interest, the amendments to the Certificate.3 The practices, to promote just and equitable proposed rule change has become Exchange notes however, that it principles of trade, to foster cooperation effective pursuant to Section 19(b)(3)(A) inadvertently omitted in its rule filing and coordination with persons engaged of the Act 8 and Rule 19b–4(f)(6) two changes to the Certificate in the in regulating, clearing, settling, thereunder.9 Exhibit 5 that had been approved by processing information with respect to, In its filing, the Exchange requested CBOE Holdings’ shareholders. In order and facilitating transactions in that the Commission waive both the 5 to conform the current Certificate to the securities, to remove impediments to business day prefiling requirement as Certificate approved by CBOE Holdings’ and perfect the mechanism of a free and well as the 30-day operative delay so shareholders in May 2015, CBOE open market and a national market that the Exchange can expeditiously Holdings proposes to correct the system, and, in general, to protect obtain effectiveness, as required by omitted changes. First, in Article Third, investors and the public interest. CBOE Holdings’ governing documents, the Exchange had omitted to eliminate Additionally, the Exchange believes the for two changes approved by CBOE the word ‘‘other’’ from the following proposed rule change is consistent with Holdings’ shareholders to the Certificate language ‘‘The nature of the business or the Section 6(b)(5) 7 requirement that of Incorporation of CBOE Holdings that purposes to be conducted or promoted the rules of an exchange not be designed the Exchange failed to correctly mark in by the Corporation is to engage in any to permit unfair discrimination between the recent filing it submitted to seek other lawful act or activity for which customers, issuers, brokers, or dealers. effectiveness of the overall package of corporations may be organized under In particular, CBOE Holdings believes shareholder-approved changes. the GCL.’’ The Exchange believes that the proposed amendments to its The Commission believes that the reference to ‘‘other’’ in this section Certificate are non-substantive and waiving the 5 business day prefiling is unnecessary and that the change is clarifying in nature, alleviating potential requirement and the 30-day operative non-substantive and clarifying in confusion. Additionally, CBOE delay is consistent with the protection nature. The Exchange notes that the Holdings believes that conforming the of investors and the public interest, as proposed change does not affect the current Certificate to the Certificate it will allow two non-controversial rights of shareholders. approved by CBOE Holdings’ proposed conforming edits to the CBOE shareholders on May 21, 2015, alleviates Next, CBOE Holdings proposes to Holdings Certificate of Incorporation to potential confusion. The alleviation of correct an error related to the ownership take effect without delay. The potential confusion removes concentration limitation. Particularly, Commission notes the Exchange impediments to and perfects the CBOE Holdings had proposed to remove previously filed to amend the Certificate mechanism of a free and open market references to the 10% ownership and that filing has since become and a national market system, and, in concentration limitation applicable effective. The Exchange represents that general, protect investors and the public before CBOE Holdings’ initial public the change to Article Third is non- interest. offering (‘‘IPO’’) in 2010, as discussed in substantive and non-controversial. The SR–C2–2015–026.4 This change did not B. Self-Regulatory Organization’s change to Article Sixth corrects an change the current ownership Statement on Burden on Competition obvious typographical error, as the concentration limitation, which is 20%. Because the proposed rule change language continued to reference the In Article Sixth, subparagraph (b)(iii), relates to the governance of CBOE ownership concentration limit but failed the Exchange inadvertently omitted Holdings and not to the operations of to include the limit’s numerical references to both 10% and 20%. the Exchange, the Exchange does not expression. That limit is contained Specifically, the language ‘‘10% or 20% believe that the proposed rule change elsewhere in Article Sixth (b), including (as applicable at such time)’’ was will impose any burden on competition in the opening paragraph. Accordingly, eliminated in its entirety. CBOE not necessary or appropriate in adding a reference to the long-standing Holdings notes that only ‘‘10% or’’ and furtherance of the purposes of the Act. ‘‘20%’’ back to paragraph (b)(iii) is a ‘‘(as applicable at such time)’’ should conforming edit to fill an obvious gap C. Self-Regulatory Organization’s created by a rule text marking error in have been eliminated (i.e., reference to Statement on Comments on the the Exchange’s recent filing. The two 20% should have remained). Proposed Rule Change Received From proposed edits do not raise any new or Accordingly, CBOE Holdings proposes Members, Participants, or Others mstockstill on DSK4VPTVN1PROD with NOTICES to add ‘‘20%’’, the current ownership novel issues, and allowing these edits to concentration limitation, back into The Exchange neither solicited nor be made without further delay will Article Sixth, Subparagraph (b)(iii). received comments on the proposed allow the Exchange to promptly update rule change. the Certificate of Incorporation of CBOE 3 See Securities Exchange Act Release No. 76281 Holdings. For this reason, the 5 15 U.S.C. 78f(b). (October 27, 2015), 80 FR 211 [sic] (November 2, 2015) (SR–C2–2015–026). 6 15 U.S.C. 78f(b)(5). 8 15 U.S.C. 78s(b)(3)(A). 4 Id. 7 Id. 9 17 CFR 240.19b–4(f)(6). VerDate Sep<11>2014 17:36 Dec 11, 2015 Jkt 238001 PO 00000 Frm 00082 Fmt 4703 Sfmt 4703 E:\FR\FM\14DEN1.SGM 14DEN1

77396 Federal Register / Vol. 80, No. 239 / Monday, December 14, 2015 / Notices Commission designates the proposed business days between the hours of master securityholder file within five rule change to be operative upon 10:00 a.m. and 3:00 p.m. Copies of the business days of the time required by filing.10 filing also will be available for Rule 17Ad–10 (17 CFR 240.17Ad–10). At any time within 60 days of the inspection and copying at the principal Also, a transfer agent must maintain a filing of the proposed rule change, the office of the Exchange. All comments copy of any report required under Rule Commission summarily may received will be posted without change; 17Ad-11 for a period of not less than temporarily suspend such rule change if the Commission does not edit personal three years following the date of the it appears to the Commission that such identifying information from report, the first year in an easily action is necessary or appropriate in the submissions. You should submit only accessible place. public interest, for the protection of information that you wish to make Because the information required by investors, or otherwise in furtherance of available publicly. All submissions Rule 17Ad–11 is already available to the purposes of the Act. If the should refer to File Number SR–C2– transfer agents, any collection burden Commission takes such action, the 2015–034 and should be submitted on for small transfer agents is minimal. Commission shall institute proceedings or before January 4, 2016. Based on a review of the number of Rule to determine whether the proposed rule For the Commission, by the Division of 17Ad–11 reports the Commission, the should be approved or disapproved. Trading and Markets, pursuant to delegated Comptroller of the Currency, the Board authority.11 of Governors of the Federal Reserve IV. Solicitation of Comments Brent J. Fields, System, and the Federal Deposit Interested persons are invited to Insurance Corporation received since Secretary. submit written data, views and 2012, the Commission staff estimates [FR Doc. 2015–31326 Filed 12–11–15; 8:45 am] arguments concerning the foregoing, that 10 respondents will file a total of BILLING CODE 8011–01–P including whether the proposed rule approximately 12 reports annually. The change is consistent with the Act. Commission staff estimates that, on Comments may be submitted by any of average, each report can be completed SECURITIES AND EXCHANGE the following methods: in 30 minutes. Therefore, the total COMMISSION Electronic Comments annual hourly burden to the entire Submission for OMB Review; transfer agent industry is approximately • Use the Commission’s Internet six hours (30 minutes × 12 reports). Comment Request comment form (http://www.sec.gov/ Assuming an average hourly rate of $25 rules/sro.shtml); or Upon Written Request Copies Available for a transfer agent staff employee, the • Send an email to rule-comments@ From: Securities and Exchange average total internal cost of the report sec.gov. Please include File Number SR– Commission, Office of FOIA Services, is $12.50. The total annual internal cost C2–2015–034 on the subject line. 100 F Street NE., Washington, DC of compliance for the approximate 10 Paper Comments 20549–2736. respondents is approximately $150.00 • Send paper comments in triplicate Extension: (12 reports × $12.50). Rule 17Ad–11, SEC File No. 270–261, The retention period for the to Secretary, Securities and Exchange OMB Control No. 3235–0274. recordkeeping requirement under Rule Commission, 100 F Street NE., Notice is hereby given that pursuant 17Ad–11 is three years following the Washington, DC 20549–1090. to the Paperwork Reduction Act of 1995 date of a report prepared pursuant to the All submissions should refer to File rule. The recordkeeping requirement Number SR–C2–2015–034. This file (44 U.S.C. 3501 et seq.) (‘‘PRA’’), the Securities and Exchange Commission under Rule 17Ad–11 is mandatory to number should be included on the assist the Commission and other subject line if email is used. To help the (‘‘Commission’’) has submitted to the Office of Management and Budget regulatory agencies with monitoring Commission process and review your transfer agents and ensuring compliance comments more efficiently, please use (‘‘OMB’’) a request for approval of extension of the previously approved with the rule. This rule does not involve only one method. The Commission will the collection of confidential collection of information provided for in post all comments on the Commission’s information. Rule 17Ad–11 (17 CFR 240.17Ad–11) Internet Web site (http://www.sec.gov/ An agency may not conduct or under the Securities Exchange Act of rules/sro.shtml). Copies of the sponsor, and a person is not required to 1934 (15 U.S.C. 78a et seq.). submission, all subsequent Rule 17Ad–11 requires every respond to, a collection of information amendments, all written statements registered recordkeeping transfer agent under the PRA unless it displays a with respect to the proposed rule to report to issuers and its appropriate currently valid OMB number. change that are filed with the regulatory agency in the event that the Background documentation for this Commission, and all written aggregate market value of an aged record information collection may be viewed at communications relating to the difference exceeds certain thresholds. A the following Web site: proposed rule change between the record difference occurs when an www.reginfo.gov. Comments should be Commission and any person, other than issuer’s records do not agree with those directed to: (i) Desk Officer for the those that may be withheld from the of securityholders as indicated, for Securities and Exchange Commission, public in accordance with the instance, on certificates presented to the Office of Information and Regulatory provisions of 5 U.S.C. 552, will be transfer agent for purchase, redemption Affairs, Office of Management and available for Web site viewing and or transfer. An aged record difference is Budget, Room 10102, New Executive printing in the Commission’s Public mstockstill on DSK4VPTVN1PROD with NOTICES a record difference that has existed for Office Building, Washington, DC 20503 Reference Room, 100 F Street NE., more than 30 calendar days. In addition, or by sending an email to: (i) Shagufta_ Washington, DC 20549, on official the rule requires every recordkeeping Ahmed@comb.eop.gov; and (ii) Pamela transfer agent to report to its appropriate Dyson, Director/Chief Information 10 For purposes only of waiving the 30-day regulatory agency in the event of a Officer, Securities and Exchange operative delay, the Commission has also considered the proposed rule’s impact on failure to post certificate detail to the Commission, c/o Remi Pavlik-Simon, efficiency, competition, and capital formation. See 100 F Street NE., Washington, DC 15 U.S.C. 78c(f). 11 17 CFR 200.30–3(a)(12) and (59). 20549, or by sending an email to PRA_ VerDate Sep<11>2014 17:36 Dec 11, 2015 Jkt 238001 PO 00000 Frm 00083 Fmt 4703 Sfmt 4703 E:\FR\FM\14DEN1.SGM 14DEN1


Document Created: 2015-12-14 13:47:11
Document Modified: 2015-12-14 13:47:11
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 77394 
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