80 FR 79644 - Proposed Collection; Comment Request

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 80, Issue 245 (December 22, 2015)

Page Range		79644-79645
FR Document		2015-32053
Federal Register, Volume 80 Issue 245 (Tuesday, December 22, 2015)
[Federal Register Volume 80, Number 245 (Tuesday, December 22, 2015)]
[Notices]
[Pages 79644-79645]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-32053]


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SECURITIES AND EXCHANGE COMMISSION


Proposed Collection; 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: Rule 17a-25,
    SEC File No. 270-482, OMB Control No. 3235-0540.

    Notice is hereby given that pursuant to the Paperwork Reduction Act 
of 1995 (44 U.S.C. 3501 et. seq.) (``PRA''), the Securities and 
Exchange Commission (``Commission'') is soliciting comments on the 
existing collection of information provided for in Rule 17a-25 (17 CFR 
204.17a-25) under the Securities Exchange Act of 1934 (15 U.S.C. 78a 
et. seq.).
    Paragraph (a)(1) of Rule 17a-25 requires registered broker-dealers 
to electronically submit securities transaction information, including 
identifiers for prime brokerage

[[Page 79645]]

arrangements, average price accounts, and depository institutions, in a 
standardized format when requested by the Commission staff. In 
addition, Paragraph (a)(3)(c) of Rule 17a-25 requires broker-dealers to 
submit, and keep current, contact person information for electronic 
blue sheets (``EBS'') requests. The Commission uses the information for 
enforcement inquiries or investigations and trading reconstructions, as 
well as for inspections and examinations.
    The Commission estimates that it sends approximately 7,697 
electronic blue sheet requests per year to clearing broker-dealers that 
in turn submit an average 124,912 responses.\1\ It is estimated that 
each broker-dealer that responds electronically will take 8 minutes, 
and each broker-dealer that responds manually will take 1\1/2\ hours to 
prepare and submit the securities trading data requested by the 
Commission. The annual aggregate hour burden for electronic and manual 
response firms is estimated to be 8,114 (59,958 x 8 / 60 = 7,994 hours) 
+ (80 x 1.5 = 120 hours), respectively.\2\ In addition, the Commission 
estimates that it will request 8 broker-dealers to supply the contact 
information identified in Rule 17a-25(c) and estimates the total 
aggregate burden hours to be 2. Thus, the annual aggregate burden for 
all respondents to the collection of information requirements of Rule 
17a-25 is estimated at 8,116 hours (7,994 + 120 + 2).
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    \1\ A single EBS request has a unique number assigned to each 
request (e.g. ``0900001''). However, the number of broker-dealer 
responses generated from one EBS request can range from one to 
several thousand. EBS requests are sent directly to clearing firms, 
as the clearing firm is the repository for trading data for 
securities transactions information provided by itself and 
correspondent firms. Clearing brokers respond for themselves and 
other firms they clear for. There were 124,912 responses during the 
25 month period for an average of 4,996.5 responses per month or an 
average of 59,958 annual responses.
    \2\ Few of respondents submit manual EBS responses. The small 
percentage of respondents that submit manual responses do so by 
hand, via email, spreadsheet, disk, or other electronic media. Thus, 
the number of manual submissions (80) has minimal effect on the 
total annual burden hours.
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    Written comments are invited on: (a) Whether the proposed 
collection of information is necessary for the proper performance of 
the functions of the agency, including whether the information shall 
have practical utility; (b) the accuracy of the agency's estimate of 
the burden of the proposed collection of information; (c) ways to 
enhance the quality, utility, and clarity of the information to be 
collected; and (d) 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.
    An agency may not conduct or sponsor, and a person is not required 
to respond to, a collection of information under the PRA unless it 
displays a currently valid OMB control number.
    Please direct your written comments to: Pamela Dyson, Director/
Chief Information Office, Securities and Exchange Commission, c/o Remi 
Pavlik-Simon, 100 F Street NE., Washington, DC 20549 or send an email 
to: [email protected].

    Dated: December 16, 2015.
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2015-32053 Filed 12-21-15; 8:45 am]
BILLING CODE 8011-01-P
79644 Federal Register / Vol. 80, No. 245 / Tuesday, December 22, 2015 / Notices

because it will allow the pilot to communications relating to the notice of the filing of a proposed rule
continue uninterrupted, thereby proposed rule change between the change, or within such longer period up
avoiding any potential investor Commission and any person, other than to 90 days as the Commission may
confusion that could result from a those that may be withheld from the designate if it finds such longer period
temporary interruption in the pilot and public in accordance with the to be appropriate and publishes its
allowing members to continue to benefit provisions of 5 U.S.C. 552, will be reasons for so finding or as to which the
from the program. Based on the available for Web site viewing and self-regulatory organization consents,
foregoing, the Commission hereby printing in the Commission’s Public the Commission shall either approve the
waives the 30-day operative delay and Reference Room, 100 F Street NE., proposed rule change, disapprove the
designates the proposal operative upon Washington, DC 20549 on official proposed rule change, or institute
filing.21 business days between the hours of proceedings to determine whether the
At any time within 60 days of the 10:00 a.m. and 3:00 p.m. Copies of such proposed rule change should be
filing of such proposed rule change, the filing also will be available for disapproved. The 45th day for this filing
Commission summarily may inspection and copying at the principal is December 17, 2015. The Commission
temporarily suspend such rule change if office of the Exchange. All comments is extending this 45-day time period.
it appears to the Commission that such received will be posted without change; The Commission finds it appropriate
action is necessary or appropriate in the the Commission does not edit personal to designate a longer period within
public interest, for the protection of identifying information from which to take action on the proposed
investors, or otherwise in furtherance of submissions. You should submit only rule change, so that it has sufficient time
the purposes of the Act. If the information that you wish to make to consider this proposed rule change.
Commission takes such action, the available publicly. All submissions Accordingly, the Commission,
Commission shall institute proceedings should refer to File Number SR–Phlx– pursuant to section 19(b)(2) of the Act,4
under Section 19(b)(2)(B) 22 of the Act to 2015–103, and should be submitted on designates January 31, 2016, as the date
determine whether the proposed rule or before January 12, 2016. by which the Commission should either
change should be approved or approve or disapprove, or institute
disapproved. For the Commission, by the Division of proceedings to determine whether to
Trading and Markets, pursuant to delegated
disapprove, the proposed rule change
IV. Solicitation of Comments authority.23
(File No. SR–NYSE–2015–48).
Interested persons are invited to Robert W. Errett,
Deputy Secretary. For the Commission, by the Division of
submit written data, views, and Trading and Markets, pursuant to delegated
arguments concerning the foregoing, [FR Doc. 2015–32052 Filed 12–21–15; 8:45 am] authority.5
including whether the proposed rule BILLING CODE 8011–01–P Robert W. Errett,
change is consistent with the Act. Deputy Secretary.
Comments may be submitted by any of
[FR Doc. 2015–32047 Filed 12–21–15; 8:45 am]
the following methods: SECURITIES AND EXCHANGE
COMMISSION BILLING CODE 8011–01–P
Electronic Comments
[Release No. 34–76666; File No. SR–NYSE–
• Use the Commission’s Internet 2015–48]
comment form (http://www.sec.gov/ SECURITIES AND EXCHANGE
rules/sro.shtml); or COMMISSION
Self-Regulatory Organizations; New
• Send an email to rule-comments@ York Stock Exchange LLC; Notice of Proposed Collection; Comment
sec.gov. Please include File Number SR– Designation of a Longer Period for Request
Phlx–2015–103 on the subject line. Commission Action on Proposed Rule
Change Deleting Rule 410B Governing Upon Written Request Copies Available
Paper Comments
Reporting Requirements for Off- From: Securities and Exchange
• Send paper comments in triplicate Commission, Office of FOIA Services,
Exchange Transactions
to Secretary, Securities and Exchange 100 F Street NE., Washington, DC
Commission, 100 F Street NE., December 16, 2015. 20549–2736.
Washington, DC 20549–1090. On October 16, 2015, New York Stock Extension: Rule 17a–25,
All submissions should refer to File Exchange LLC (‘‘NYSE’’ or the SEC File No. 270–482, OMB Control No.
Number SR–Phlx–2015–103. This file ‘‘Exchange’’) filed with the Securities 3235–0540.
number should be included on the and Exchange Commission Notice is hereby given that pursuant
subject line if email is used. To help the (‘‘Commission’’), pursuant to section to the Paperwork Reduction Act of 1995
Commission process and review your 19(b)(1) of the Securities Exchange Act (44 U.S.C. 3501 et. seq.) (‘‘PRA’’), the
comments more efficiently, please use of 1934 (‘‘Act’’) 1 and Rule 19b–4 Securities and Exchange Commission
only one method. The Commission will thereunder,2 a proposed rule change to (‘‘Commission’’) is soliciting comments
post all comments on the Commission’s delete Rule 410B governing reporting on the existing collection of information
Internet Web site (http://www.sec.gov/ requirements for off-Exchange provided for in Rule 17a–25 (17 CFR
rules/sro.shtml). Copies of the transactions. The proposed rule change 204.17a–25) under the Securities
submission, all subsequent was published for comment in the Exchange Act of 1934 (15 U.S.C. 78a et.
amendments, all written statements Federal Register on November 2, 2015. seq.).
with respect to the proposed rule Section 19(b)(2) of the Act 3 provides
mstockstill on DSK4VPTVN1PROD with NOTICES

Paragraph (a)(1) of Rule 17a–25
change that are filed with the that within 45 days of the publication of requires registered broker-dealers to
Commission, and all written electronically submit securities
23 17 CFR 200.30–3(a)(12).
21 For 1 15 U.S.C. 78s(b)(1).
transaction information, including
purposes only of waiving the operative
delay, the Commission has considered the proposed 2 17 CFR 240.19b–4 identifiers for prime brokerage
rule’s impact on efficiency, competition, and capital 3 See Securities Exchange Act Release No. 76277
formation. See 15 U.S.C. 78c(f). (October 27, 2015), 80 FR 67443. 15 U.S.C. 4 15 U.S.C. 78s(b)(2).
22 15 U.S.C. 78s(b)(2)(B). 78s(b)(2). 5 17 CFR 200.30–3(a)(31).

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Federal Register / Vol. 80, No. 245 / Tuesday, December 22, 2015 / Notices 79645

arrangements, average price accounts, respondents, including through the use www.nyse.com, at the principal office of
and depository institutions, in a of automated collection techniques or the Exchange, and at the Commission’s
standardized format when requested by other forms of information technology. Public Reference Room.
the Commission staff. In addition, Consideration will be given to
II. Self-Regulatory Organization’s
Paragraph (a)(3)(c) of Rule 17a–25 comments and suggestions submitted in
Statement of the Purpose of, and
requires broker-dealers to submit, and writing within 60 days of this
Statutory Basis for, the Proposed Rule
keep current, contact person publication.
An agency may not conduct or Change
information for electronic blue sheets
(‘‘EBS’’) requests. The Commission uses sponsor, and a person is not required to In its filing with the Commission, the
the information for enforcement respond to, a collection of information self-regulatory organization included
inquiries or investigations and trading under the PRA unless it displays a statements concerning the purpose of,
reconstructions, as well as for currently valid OMB control number. and basis for, the proposed rule change
inspections and examinations. Please direct your written comments and discussed any comments it received
The Commission estimates that it to: Pamela Dyson, Director/Chief on the proposed rule change. The text
sends approximately 7,697 electronic Information Office, Securities and of those statements may be examined at
blue sheet requests per year to clearing Exchange Commission, c/o Remi Pavlik- the places specified in Item IV below.
broker-dealers that in turn submit an Simon, 100 F Street NE., Washington, The Exchange has prepared summaries,
average 124,912 responses.1 It is DC 20549 or send an email to: PRA_ set forth in sections A, B, and C below,
estimated that each broker-dealer that Mailbox@sec.gov. of the most significant parts of such
responds electronically will take 8 Dated: December 16, 2015. statements.
minutes, and each broker-dealer that Robert W. Errett, A. Self-Regulatory Organization’s
responds manually will take 11⁄2 hours Deputy Secretary. Statement of the Purpose of, and
to prepare and submit the securities [FR Doc. 2015–32053 Filed 12–21–15; 8:45 am] Statutory Basis for, the Proposed Rule
trading data requested by the Change
BILLING CODE 8011–01–P
Commission. The annual aggregate hour
burden for electronic and manual 1. Purpose
response firms is estimated to be 8,114 SECURITIES AND EXCHANGE The purpose of this filing is to extend
(59,958 × 8 ÷ 60 = 7,994 hours) + (80 COMMISSION the Pilot Program 4 under Rule 968NY to
× 1.5 = 120 hours), respectively.2 In allow accommodation transactions
addition, the Commission estimates that [Release No. 34–76668; File No. SR– (‘‘Cabinet Trades’’) to take place at a
NYSEMKT–2015–104]
it will request 8 broker-dealers to supply price that is below $1 per option
the contact information identified in Self-Regulatory Organizations; NYSE contract for one additional year. The
Rule 17a–25(c) and estimates the total MKT LLC; Notice of Filing and Exchange proposes to extend the
aggregate burden hours to be 2. Thus, Immediate Effectiveness of Proposed program, which is due to expire on
the annual aggregate burden for all Rule Change Extending Its Program January 5, 2016, until January 5, 2017.
respondents to the collection of That Allows Transactions To Take An ‘‘accommodation’’ or ‘‘cabinet’’
information requirements of Rule 17a– Place at a Price That Is Below $1 Per trade refers to trades in listed options on
25 is estimated at 8,116 hours (7,994 + Option Contract Until January 5, 2017 the Exchange that are worthless and
120 + 2). typically not actively traded. Cabinet
Written comments are invited on: (a) December 16, 2015. trading is generally conducted in
Whether the proposed collection of Pursuant to Section 19(b)(1) 1 of the accordance with the Exchange Rules,
information is necessary for the proper Securities Exchange Act of 1934 (the except as provided in Exchange Rule
performance of the functions of the ‘‘Act’’) 2 and Rule 19b–4 thereunder,3 968NY Accommodation Transactions
agency, including whether the notice is hereby given that on December (Cabinet Trades), which sets forth
information shall have practical utility; 9, 2015, NYSE MKT LLC (the specific procedures for engaging in
(b) the accuracy of the agency’s estimate ‘‘Exchange’’ or ‘‘NYSE MKT’’) filed with cabinet trades. Rule 968NY currently
of the burden of the proposed collection the Securities and Exchange provides for cabinet transactions to
of information; (c) ways to enhance the Commission (the ‘‘Commission’’) the occur via open outcry at a cabinet price
quality, utility, and clarity of the proposed rule change as described in of a $1 per option contract in any
information to be collected; and (d) Items I and II below, which Items have options series open for trading in the
ways to minimize the burden of the been prepared by the self-regulatory Exchange, except that the Rule is not
collection of information on organization. The Commission is applicable to trading in option classes
publishing this notice to solicit participating in the Penny Pilot
1 A single EBS request has a unique number comments on the proposed rule change Program. Under the procedures, bids
assigned to each request (e.g. ‘‘0900001’’). However, from interested persons. and offers (whether opening or closing
the number of broker-dealer responses generated
a position) at a price of $1 per option
from one EBS request can range from one to several I. Self-Regulatory Organization’s
thousand. EBS requests are sent directly to clearing contract may be represented in the
Statement of the Terms of the Substance
firms, as the clearing firm is the repository for trading crowd by a Floor Broker or by
trading data for securities transactions information
of the Proposed Rule Change
a Market Maker or provided in response
provided by itself and correspondent firms. The Exchange proposes to extend its
Clearing brokers respond for themselves and other
to a request by a Trading Official, a
firms they clear for. There were 124,912 responses
program that allows transactions to take Floor Broker or a Market Maker, but
mstockstill on DSK4VPTVN1PROD with NOTICES

during the 25 month period for an average of place at a price that is below $1 per must yield priority to all resting orders
4,996.5 responses per month or an average of 59,958 option contract until January 5, 2017. in the Cabinet (those orders held by the
annual responses. The proposed rule change is available
2 Few of respondents submit manual EBS
Trading Official, and which resting
on the Exchange’s Web site at cabinet orders may be closing only).
responses. The small percentage of respondents that
submit manual responses do so by hand, via email,
1 15 U.S.C.78s(b)(1).
spreadsheet, disk, or other electronic media. Thus, 4 See Securities Exchange Act Release No. 63475
2 15 U.S.C. 78a.
the number of manual submissions (80) has (December 8, 2010), 75 FR 77932 (December 14,
minimal effect on the total annual burden hours. 3 17 CFR 240.19b–4. 2010)(SR–NYSE Amex–2010–114).

VerDate Sep<11>2014 17:21 Dec 21, 2015 Jkt 238001 PO 00000 Frm 00091 Fmt 4703 Sfmt 4703 E:\FR\FM\22DEN1.SGM 22DEN1
Document Created: 2015-12-22 02:30:59
Document Modified: 2015-12-22 02:30:59
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 79644