81 FR 12761 - Submission for OMB Review; Comment Request

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 81, Issue 47 (March 10, 2016)

Page Range		12761-12762
FR Document		2016-05331

Federal Register, Volume 81 Issue 47 (Thursday, March 10, 2016)

[Federal Register Volume 81, Number 47 (Thursday, March 10, 2016)]
[Notices]
[Pages 12761-12762]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-05331]


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SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-523, OMB Control No. 3235-0585]


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: Rule 206(4)-7.

    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'') has submitted to the Office of 
Management and Budget (``OMB'') a request for extension of the 
previously approved collection of information discussed below.
    The title for the collection of information is ``Investment 
Advisers Act rule 206(4)-7 (17 CFR 275.206(4)-7), Compliance procedures 
and practices.'' Rule 206(4)-7 requires each investment adviser 
registered with the Commission to (i) adopt and implement internal 
compliance policies and procedures, (ii) review those policies and 
procedures annually, (iii) designate a chief compliance officer, and 
(iv) maintain certain compliance records. Rule 206(4)-7 is designed to 
protect investors by fostering better compliance with the securities 
laws. The collection of information under rule 206(4)-7 is necessary to 
assure that investment advisers maintain comprehensive internal 
programs that promote the advisers' compliance with the Investment 
Advisers Act of 1940. The information collection in the rule also 
assists the Commission's examination staff in assessing the adequacy 
advisers' compliance programs. This collection of information is found 
at 17 CFR 275.206(4)-7 and is mandatory.
    The information documented pursuant to rule 206(4)-7 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

[[Page 12762]]

oversight program. 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.
    The respondents to this information collection are investment 
advisers registered with the Commission. Our latest data indicate that 
there were 12,026 advisers registered with the Commission as of 
November 1, 2015. The Commission has estimated that compliance with 
rule 206(4)-7 imposes an annual burden of approximately 87 hours per 
respondent. Based on this figure, the Commission estimates a total 
annual burden of 1,046,262 hours for this collection of information.
    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: 
[email protected]; and (ii) 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: [email protected]. Comments must be submitted to OMB within 30 
days of this notice.

    Dated: March 4, 2016.
Brent J. Fields,
Secretary.
[FR Doc. 2016-05331 Filed 3-9-16; 8:45 am]
 BILLING CODE 8011-01-P

Federal Register / Vol. 81, No. 47 / Thursday, March 10, 2016 / Notices 12761

designed to continue to ensure that the If the Commission takes such action, the For the Commission, by the Division of
Exchange is so organized and has the Commission shall institute proceedings Trading and Markets, pursuant to delegated
capacity to carry out the purposes of Act to determine whether the proposed rule authority.14
and to comply, and enforce compliance should be approved or disapproved. Brent J. Fields,
by its members with the provisions of Secretary.
the Act and the rules and regulations IV. Solicitation of Comments [FR Doc. 2016–05328 Filed 3–9–16; 8:45 am]
thereunder, and rules of the Exchange. Interested persons are invited to BILLING CODE 8011–01–P
The Exchange is proposing amendments submit written data, views, and
to the Operative Documents to arguments concerning the foregoing,
effectuate its name change to Bats EDGA including whether the proposed rule SECURITIES AND EXCHANGE
Exchange, Inc. and to reflect the name change is consistent with the Act. COMMISSION
changes of its affiliates. These changes Comments may be submitted by any of [SEC File No. 270–523, OMB Control No.
are limited to capitalization and the following methods: 3235–0585]
ministerial name changes and to reflect
similar proposed rule changes to be Electronic Comments Submission for OMB Review;
submitted to the Commission by the Comment Request
Exchange’s affiliates. The Exchange • Use the Commission’s Internet
believes that the changes will protect comment form (http://www.sec.gov/ Upon Written Request, Copies Available
investors and the public interest by rules/sro.shtml); or From: Securities and Exchange
eliminating confusion that may exist • Send an email to rule-comments@ Commission, Office of FOIA Services,
because of differences between its sec.gov. Please include File Number SR– 100 F Street NE., Washington, DC
corporate name and the new naming EDGA–2016–05 on the subject line. 20549–2736.
conventions of the Parent and its Extension: Rule 206(4)–7.
subsidiaries, including the Exchange. Paper Comments
Notice is hereby given that, pursuant
B. Self-Regulatory Organization’s • Send paper comments in triplicate to the Paperwork Reduction Act of 1995
Statement on Burden on Competition to Secretary, Securities and Exchange (44 U.S.C. 3501 et seq.), the Securities
Commission, 100 F Street NE., and Exchange Commission (the
Because the rule change proposes
Washington, DC 20549–1090. ‘‘Commission’’) has submitted to the
ministerial changes related to the
All submissions should refer to File Office of Management and Budget
administration, and not the governance
Number SR–EDGA–2016–05. This file (‘‘OMB’’) a request for extension of the
or operation, of the Exchange, the
number should be included on the previously approved collection of
Exchange does not believe that the
subject line if email is used. To help the information discussed below.
proposed rule change will impose any
The title for the collection of
burden on competition not necessary or Commission process and review your
information is ‘‘Investment Advisers Act
appropriate in furtherance of the comments more efficiently, please use
rule 206(4)–7 (17 CFR 275.206(4)–7),
purposes of the Act. only one method. The Commission will
Compliance procedures and practices.’’
post all comments on the Commission’s
C. Self-Regulatory Organization’s Rule 206(4)–7 requires each investment
Internet Web site (http://www.sec.gov/
Statement on Comments on the adviser registered with the Commission
rules/sro.shtml). Copies of the
Proposed Rule Change Received From to (i) adopt and implement internal
submission, all subsequent
Members, Participants, or Others compliance policies and procedures, (ii)
amendments, all written statements
The Exchange has not solicited, and review those policies and procedures
with respect to the proposed rule
does not intend to solicit, comments on annually, (iii) designate a chief
change that are filed with the
this proposed rule change. The compliance officer, and (iv) maintain
Commission, and all written certain compliance records. Rule
Exchange has not received any communications relating to the
unsolicited written comments from 206(4)–7 is designed to protect investors
proposed rule change between the by fostering better compliance with the
Members or other interested parties. Commission and any person, other than securities laws. The collection of
III. Date of Effectiveness of the those that may be withheld from the information under rule 206(4)–7 is
Proposed Rule Change and Timing for public in accordance with the necessary to assure that investment
Commission Action provisions of 5 U.S.C. 552, will be advisers maintain comprehensive
available for Web site viewing and internal programs that promote the
Because it is concerned solely with
printing in the Commission’s Public advisers’ compliance with the
the administration of the Exchange, the
Reference Room, 100 F Street NE., Investment Advisers Act of 1940. The
foregoing proposed rule change has
Washington, DC 20549, on official information collection in the rule also
become effective pursuant to Section
business days between the hours of assists the Commission’s examination
19(b)(3)(A)(iii) of the Act 12 and Rule
10:00 a.m. and 3:00 p.m. Copies of the staff in assessing the adequacy advisers’
19b–4(f)(3) thereunder.13
At any time within 60 days of the filing also will be available for compliance programs. This collection of
filing of the proposed rule change, the inspection and copying at the principal information is found at 17 CFR
Commission summarily may office of the Exchange. All comments 275.206(4)–7 and is mandatory.
temporarily suspend such rule change if received will be posted without change; The information documented
the Commission does not edit personal
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it appears to the Commission that such pursuant to rule 206(4)–7 is reviewed by
action is: (1) Necessary or appropriate in identifying information from the Commission’s examination staff; it
the public interest; (2) for the protection submissions. You should submit only will be accorded the same level of
of investors; or (3) otherwise in information that you wish to make confidentiality accorded to other
furtherance of the purposes of the Act. available publicly. All submissions responses provided to the Commission
should refer to File Number SR–EDGA– in the context of its examination and
12 15 U.S.C. 78s(b)(3)(A)(iii). 2016–05, and should be submitted on or
13 17 CFR 240.19b–4(f)(3). before March 31, 2016. 14 17 CFR 200.30–3(a)(12).

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12762 Federal Register / Vol. 81, No. 47 / Thursday, March 10, 2016 / Notices

oversight program. An agency may not F’’ or ‘‘Rule 15c3–1f’’) (17 CFR respond to, a collection of information
conduct or sponsor, and a person is not 240.15c3–1f) under the Securities under the PRA unless it displays a
required to respond to, a collection of Exchange Act of 1934 (15 U.S.C. 78a et currently valid OMB control number.
information unless it displays a seq.). The public may view background
currently valid control number. Appendix F requires a broker-dealer documentation for this information
The respondents to this information choosing to register, upon Commission collection at the following Web site,
collection are investment advisers approval, as an OTC derivatives dealer www.reginfo.gov. Comments should be
registered with the Commission. Our to develop and maintain an internal risk directed to: (i) Desk Officer for the
latest data indicate that there were management system based on Value-at- Securities and Exchange Commission,
12,026 advisers registered with the Risk (‘‘VaR’’) models. It is anticipated Office of Information and Regulatory
Commission as of November 1, 2015. that a total of one (1) broker-dealer Affairs, Office of Management and
The Commission has estimated that registering as an OTC derivatives dealer Budget, Room 10102, New Executive
compliance with rule 206(4)–7 imposes will spend 1,000 hours on a one-time Office Building, Washington, DC 20503,
an annual burden of approximately 87 basis complying with the system or by sending an email to: Shagufta_
hours per respondent. Based on this development requirements of Rule Ahmed@omb.eop.gov; and (ii) Pamela
figure, the Commission estimates a total 15c3–1f, for an estimated one-time Dyson, Director/Chief Information
annual burden of 1,046,262 hours for initial startup burden of approximately Officer, Securities and Exchange
this collection of information. 1,000 hours. Appendix F also requires Commission, c/o Remi Pavlik-Simon,
The public may view the background the OTC derivatives dealer to maintain 100 F St NE., Washington, DC 20549 or
documentation for this information its system model according to certain send an email to PRA_Mailbox@sec.gov.
collection at the following Web site, prescribed standards. It is anticipated Comments must be submitted to OMB
www.reginfo.gov. Comments should be that the four (4) OTC derivatives dealers within 30 days of this notice.
directed to: (i) Desk Officer for the currently registered with the Dated: March 4, 2016.
Securities and Exchange Commission, Commission will each spend 1,000 Brent J. Fields,
Office of Information and Regulatory hours per year maintaining the system Secretary.
Affairs, Office of Management and model required by Rule 15c3–1f, for an
[FR Doc. 2016–05329 Filed 3–9–16; 8:45 am]
Budget, Room 10102, New Executive estimated recurring annual burden of
BILLING CODE 8011–01–P
Office Building, Washington, DC 20503, approximately 4,000 hours. It is
or by sending an email to: Shagufta_ anticipated that the one (1) broker-
Ahmed@omb.eop.gov; and (ii) Pamela dealer registering as an OTC derivatives SECURITIES AND EXCHANGE
Dyson, Director/Chief Information dealer will spend 1,000 hours COMMISSION
Officer, Securities and Exchange maintaining the system model required
Commission, c/o Remi Pavlik-Simon, by Rule 15c3–1f in each year following [Release No. 34–77293; File No. SR–
its registration. Thus, the total industry- NYSEMKT–2016–34]
100 F Street NE., Washington, DC 20549
or send an email to: PRA_Mailbox@ wide burden is estimated to be Self-Regulatory Organizations; NYSE
sec.gov. Comments must be submitted to approximately 5,000 hours (4,000 hours MKT LLC; Notice of Filing and
OMB within 30 days of this notice. + 1,000 hours) for the first year and Immediate Effectiveness of Proposed
Dated: March 4, 2016. 5,000 hours for each subsequent year.1 Change To Modify the NYSE Amex
The records required to be kept
Brent J. Fields, Options Fee Schedule Relating to
pursuant to Appendix F and results of
Secretary. ByRDs Transaction Fees
periodic reviews conducted pursuant to
[FR Doc. 2016–05331 Filed 3–9–16; 8:45 am] Rule 15c3–4 generally must be March 4, 2016.
BILLING CODE 8011–01–P preserved under Rule 17a–4 of the Pursuant to Section 19(b)(1) 1 of the
Exchange Act (17 CFR 240.17a–4) for a Securities Exchange Act of 1934 (the
period of not less than three years, the ‘‘Act’’) 2 and Rule 19b–4 thereunder,3
SECURITIES AND EXCHANGE first two years in an easily accessible notice is hereby given that, on March 1,
COMMISSION place. The Commission will not 2016, NYSE MKT LLC (the ‘‘Exchange’’
generally publish or make available to or ‘‘NYSE MKT’’) filed with the
Submission for OMB Review;
any person notices or reports received Securities and Exchange Commission
Comment Request
pursuant to the Rule. The statutory basis (the ‘‘Commission’’) the proposed rule
Upon Written Request, Copies Available for the Commission’s refusal to disclose change as described in Items I, II, and
From: Securities and Exchange such information to the public is the III below, which Items have been
Commission, Office of FOIA Services, exemption contained in Section (b)(4) of prepared by the self-regulatory
100 F Street NE., Washington, DC the Freedom of Information Act (5 organization. The Commission is
20549–2736. U.S.C. 552), which essentially provides publishing this notice to solicit
Extension: Appendix F to Rule 15c3–1; that the requirement of public comments on the proposed rule change
SEC File No. 270–440, OMB Control No. dissemination does not apply to from interested persons.
3235–0496. commercial or financial information I. Self-Regulatory Organization’s
which is privileged or confidential. Statement of the Terms of the Substance
Notice is hereby given that, pursuant An agency may not conduct or
to the Paperwork Reduction Act of 1995 of the Proposed Rule Change
sponsor, and a person is not required to
mstockstill on DSK4VPTVN1PROD with NOTICES

(44 U.S.C. 3501 et seq.) (‘‘PRA’’), the The Exchange proposes to modify the
Securities and Exchange Commission 1 The Commission estimates that a total of five NYSE Amex Options Fee Schedule
(‘‘Commission’’) has submitted to the entities will be registered as OTC derivatives (‘‘Fee Schedule’’) to address how the
Office of Management and Budget dealers at the end of the next three years, consisting Exchange would treat transactions in
(‘‘OMB’’) a request for approval of of the four current OTC derivatives dealers and one
anticipated registrant. This is in contrast with the
extension of the previously approved prior estimate of eight OTC derivatives dealers,
1 15U.S.C. 78s(b)(1).
collection of information provided for in consisting of four current OTC derivatives dealers 2 15U.S.C. 78a.
Appendix F to Rule 15c3–1 (‘‘Appendix and four anticipated registrants. 3 CFR 240.19b–4.

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Document Created: 2018-02-02 15:11:50
Document Modified: 2018-02-02 15:11:50

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		81 FR 12761